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Washington, D.C.

BANKING AND
MONETARY STATISTICS
1941-1970

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Published in September 1976


Library of Congress Catalog Card Number 76-20317

Copies of this publication may be obtained from Publications


Services, Division of Administrative Services, Board of
Governors ,of the Federal Reserve System, Washington, D.C,
20551. The price is $15.00 per copy. Remittances should be
made payable to the order of the Board of Governors of the
Federal Reserve System in a form collectible at par in U.S.
currency. (Stamps and coupons not accepted.)

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11

Preface

Both the Board of Governors and the Federal


Reserve Banks collect, analyze, interpret, and publish statistics on Reserve Bank credit, member
bank credit, changes in the banking structure, and
a variety of other matters that have a bearing on
banking and credit conditions in this country and
abroad. The System also publishes considerable
data compiled by other Federal and State supervisory agencies and by private agencies.
It has been the practice of the Board to make
the more important of these series available to the
public through its annual reports, the monthly
Federal Reserve Bulletin, and/or regular releases.
Both this volume and the original Banking and
Monetary StatisticsPart I of which has now been
reprinted and is referred to herein as Banking
and Monetary Statistics (1914-41)were designed
to assemble, in convenient publications, banking and monetary statistics that have previously
appeared in the Board's annual reports and in the
monthly Bulletin. In combination, the two volumes
present a wealth of banking and financial statistics
covering a period of more than 60 years.
This volume includes most of the financial series
for which current data are published in the Federal Reserve Bulletin and also some series that are
no longer shown in the Bulletin but that are of
historical interest. The statistics relate in large part
to the condition and operation of the Federal Reserve Banks and member banks, but also there are

In 1943 the Board of Governors published


Banking and Monetary Statistics to make available
in one place and on a uniform basismajor
series relating to banking, monetary, and other
financial developments. Most of those statistics had
been collected by governmental authorities as an
incident to their supervisory responsibilities over
financial institutions; other statistics, particularly
those relating to securities markets, had been
gathered chiefly by private agencies.
During the late 1950's and the 1960's the Board
published a number of pamphlets that updated
some of the statistics included in Banking and
Monetary Statistics. With this volume the Board
is now bringing together most of the materials
that had been included in those pamphlets and
also data to updatein revised form, if necessaryseries in other sections of the original Banking and Monetary Statistics. While most of the
statistics in this volume cover the period beginning
with 1941, a few series are shown for longer
periods. All of the series end with December 1970.
Hereafter the Board plans to publish an Annual
Statistical Digest. The Digest will update many of
the tables in this volume, will present new series
in their entirety, and will include revised data for
series previously published. The first such publication will cover the period 197175.

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111

Preface-continued

data on the condition and operation of all banks,


including State banks that are not members of the
Federal Reserve System, and on bank debits,
bank income, bank suspensions, and bank holding companies. In addition, there are statistics on
nonbank financial institutions, currency, money
rates, securities markets, Treasury finance, consumer credit, gold, and international financial
developments.
The tables in each section are preceded by an
introductory text, which gives some indication of
the purpose of the data, the sources of the figures,
the history and methods of their compilation, and
other facts that will guide the reader in the use of
the figures. In many instances the text provides
for background purposesa brief description of
that part of a series that was published in the
earlier Banking and Monetary Statistics. In many
instances information that would customarily be

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included in footnotes to tables has been incorporated in the text.


Acknowledgment is gratefully made to the Government agencies whose figures have been used.
These include the Department of the Treasury,
the Comptroller of the Currency, the Federal
Deposit Insurance Corporation, the Federal Home
Loan Bank Board, the Federal Savings and Loan
Insurance Corporation, the Securities and Exchange Commission, and the National Credit
Union Administration.
Similarly, acknowledgment is made to a number
of private agencies, including the National Bureau
of Economic Research, Standard and Poor's Corporation, Moody's Investors Service, the New York
Stock Exchange, the American Stock Exchange,
the National Association of Mutual Savings Banks,
Securities Industries Association, and the Institute
of Life Insurance.
Board of Governors of the
Federal Reserve System

IV

1941-1970

BANKING AND
MONETARY STATISTICS
Contents
Section

MONETARY SYSTEMSUMMARY MEASURES


Text
Tables

Section

Section

Section

Section

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17

MEMBER BANKS
Text _

45

Tables

60

INSURED BANKS
Text

125

Tables

130

WEEKLY REPORTING BANKS


Text

143

Tables

160

BANK DEBITS
Text

319

Tables

328

Contents-continued

Section

Section

BANK INCOME
Text

....._

Tables

__... 378

BANK SUSPENSIONS
Text

__

..___

Tables
Section

Section

_,.. 423

Text _____^_^_________

Tables _

_... 429

____

_ 459

.-, 467

MEMBER BANK RESERVES AND RELATED ITEMS


Text

^___

^^

Tables

Section 12

Section 13

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425

FEDERAL RESERVE BANKS

Tables

Section 11

419

BANKS AND BANK HOLDING COMPANIES

Text __

Section 10

367

_^

507

-_ 524

CURRENCY
Text

_._

Tables

_ _ 617

611

MONEY RATES AND SECURITIES MARKETS


Text ____________________

_ 627

Tables

.. 667

U.S. GOVERNMENT FINANCE


Text ____^

855

Tables

865
VI

Section 14

Section 15

Section 16

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GOLD
Text

893

Tables

899

INTERNATIONAL FINANCE
Text

923

Tables

932

CONSUMER CREDIT
Text

1049

Tables

1081

KEY TO SYMBOLS IN TABLES

vn

1168

Section 1

MONETARY SYSTEMSUMMARY MEASURES


Contents
INTRODUCTION

CONSTRUCTION OF THE BROADER MONEY


STOCK MEASURESM2 TO M5
.
10

MONEY STOCK MEASURES AND


RELATED DATA

SEASONAL ADJUSTMENT

10

DEVELOPMENT OF MONEY STOCK


MEASURES
___

LIQUID ASSET HOLDINGS

11

CONCEPT OF

BANKING SERIES

12

6
6

WHAT CONSTITUTES A BANK?_

12

CLASSIFICATION OF BANKS

13

COVERAGE, AND CHANGES IN COVERAGE


OR CLASSIFICATION

14

SERIES ON BANK CREDIT

16

Types of deposit holders


Eliminating duplication
CONSTRUCTION OF THE NARROW MONEY
STOCK MEASUREM^
____
Currency component
Domestic demand deposit component
Foreign demand deposit component

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7
7
7
9

Tables

1.1 Money Stock and Related Data, Monthly, 1947-70


A. Seasonally Adjusted
:
~...
_.
B. Not Seasonally Adjusted
.
___
1.2 Liquid Asset Holdings of Private Domestic Nonfinancial Investors, Monthly, 1948-70
1.3 Principal Assets, Liabilities, and Number of Commercial Banks, Varying Dates,
1941-70
__
1.4 Loans and Investments at Commercial Banks, Monthly, 1948-70
1.5 Principal Assets, Liabilities, and Number of Mutual Savings Banks, June and December
Call Dates, 1941-70
1.6 Number and Deposits of Commercial and Mutual Savings Banks, by Class of Bank,
June and December Call Dates, 1941-70
1.7 Changes in the Number of Commercial Banks, by Class of Bank and by Character
of Change, 1941-70
_
_
1.8 Number of Banks on the Par List and not on the Par List, by Federal Reserve District
and by Class of Bank, 1941-70
.
,

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17
20
23
27
32
36
37
40
42

MONETARY SYSTEMSUMMARY MEASURES

Section 1

INTRODUCTION
The banking and monetary system provides
the economy with a unique source of liquidity
and a means of payment and serves as a major
channel for the movement of savings funds into
investment. Because of the importance of these
functions to the economy, information about
the nature and behavior of bank credit and
money is essential to an understanding of economic developments.
Primary responsibility for regulating the flow
of bank credit and money in the United States
is vested in the Federal Reserve System. The
discharge of this responsibility requires detailed,
accurate, and current information concerning
the economic situation in general and the workings of the banking and monetary system in
particular. Consequently, the Federal Reserve
System over the years has continually sought to
improve the quality of the basic monetary data
collected and of the analytical measures constructed from these data.
Since publication of Banking and Monetary
Statistics by the Board of Governors of the
Federal Reserve System in 1943, numerous revisions and analytical reformulations of the re-

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ported data have been undertaken. Among the


new data that have proven useful in the analysis of monetary and banking developments
are statistical measures of the money stock,
private holdings of liquid assets, and commercial
bank credit. Most of the aggregate series published currently have been developed since 1960,
and several revisions in the data have been incorporated since initial publication. This section
provides in one place a consolidation of all the
changes that have been made in the series over
the past two decades; it also provides a convenient point of reference for future changes.
In 1960 the Federal Reserve introduced a
new measure of the money stock based on
averages of daily figures to supplement for
certain analytical uses the series on the money
stock that had been appearing as an adjunct
to the consolidated condition statement.1 The
1
In the consolidated statement the asset, liability,
and capital accounts of the private banking system
the commercial and mutual savings bankswere presented consolidated with the assets, liabilities, and
capital accounts of the monetary systemthe Federal
Reserve Banks, the Exchange Stabilization Fund, the
Postal Savings System, and the gold and Treasury

Monetary SystemSummary Measures


new daily-average money stock series through
1970, as revised in 1976, is shown in Table 1.1.
Another, more comprehensive method of
presenting financial data developed by the
Board in the 1950's is the series of flow of
funds accounts, which present financial flows,
as well as assets and liabilities, not only for
the banking system but also for other major
sectors of the economynonbank financial
institutions, nonfinancial businesses, consumers,
governments, and the rest of the world.2

currency accounts. From this statement it was possible


to obtain a picture of the banking and monetary system of the United States as a whole and of the channels that connected the banking and monetary institutions of the country with the Federal Reserve System.
- A comprehensive description of the concepts,
methodology, and statistical information contained in
these flow of funds accounts is set forth in Flow
of Funds in the United States, 1919-1951 (Board of

There has also been a major improvement


in the basic data collected from the private
banking system. Up to 1947 the Comptroller
of the Currency, the Board of Governors of the
Federal Reserve System, and the Federal Deposit Insurance Corporation were compiling
somewhat different balance-sheet statistics for
noninsured banking institutions. In that year the
three agencies worked out an arrangement for
the Federal Deposit Insurance Corporation to
compile a uniform series of statistics for all
banking institutions. From then through 1970
figures for all insured banks were available
semiannually except during 1961-63, when
they were reported quarterly.
Governors of the Federal Reserve System, 1955); also
in Introduction to Flow of Funds (Board of Governors
of the Federal Reserve System, 1975). Summary data
are published on a semiannual basis in the Federal
Reserve Bulletin.

MONEY STOCK MEASURES AND RELATED DATA


Money performs the essential economic functions of providing a medium of exchange and
of serving as both a readily available store of
value and a standard of value. Monetary transactions and the financial instruments used in
effecting them take a variety of forms, and
many types of claims other than currency and
demand deposits may serve to provide part of
the public's requirements for liquidity.
The stock of money is constantly being extinguished as debts at banks are repaid, and
new money is being created when banks extend
credit by making loans and purchasing securities.
The volume of money that the public chooses to
holdin its pockets, in tills, in deposit accounts, and in other liquid asset formsvaries
from time to time relative to its holdings of
other assets and to the total volume of expenditures in the economy. Public demand determines the proportion of the money stock held
in the form of currency and the proportions
held in demand deposits at banks and in other
forms.

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DEVELOPMENT OF MONEY
STOCK MEASURES
Inasmuch as the Federal Reserve System
has primary responsibility for regulating the
total volume of money available to meet the
public's demands, it is essential that the System
have an accurate, frequent, and promptly available measure of the money stock. Throughout
its existence, therefore, the System has collected
and published data on the money stock.
Historically, the only instruments that performed all of the functions of money were the
public's holdings of currency and coin and of
demand deposits in banks. The System's first
long-term series on the money stock was that
published in Table 9 of Banking and Monetary Statistics (1914-41). This table shows
data for both demand and time deposits and
currency for June call dates from 1892 to 1922
and for June and December call dates for 192341. Data for later years appeared regularly in
the Federal Reserve Bulletin.

Section 1
In early 1948 the Board of Governors released the first materials on the consolidated
condition statement for the banking system.
This statement related currency and deposit
liabilities of the banking system to banks' assets.
A year later the Board began to publish data
for the consolidated statement each month.
Data on the money stock, previously available
only for call dates, were published thereafter
as a part of this consolidated statement.
Each of these measures of the money stock
and related items was as of a single date. Although there are advantages in being able to
relate the components of the money stock to
specific dates for purposes of comparison with
other financial variables similarly measured,
statistics as of a single date are subject to variabilities that complicate interpretation.
To provide a more refined measure for use
in analyses that focus on the performance of
the money stock itself and on its relation to
aggregate flows or other variables relatively
free of the hazards of single-date measurement,
the Board in late 1960 introduced a new measure of the money stock based on averages of
daily figures. This series was estimated back to
1947.3 At that time only a narrow measure of

the money stockM I was published. Some


refinements of this daily-average series were
published in the summer of 1962, and a new
series on time deposits adjusted was added.4
In the 1960's and early 1970's further refinements were made in the money stock series
as additional data became available; as banking
practices changedparticularly as such changes
were related to the transfer of foreign funds;
and as other banking institutions, such as agencies and branches of foreign banks and Edge
Act corporations, became a more significant
factor in the structure of U.S. financial institutions. Still other refinements have become necessary as a result of relatively recent introductionssuch as NOW (negotiable order of withdrawal) accounts, telephonic transfers of funds,
and overdraft arrangementswhich have
brought about a lessening of the distinction between demand deposits and other liquid assets.
In recognition of the proliferation of such close
substitutes for money as these are, the Board
has broadened the concept of the money stock
measures that it uses in implementing monetary
policy. By April 1975, five such measures were
being published, as compared with only a single
measure as late as 1971:5
4

8
Inasmuch as the monthly series for the money
stock does not begin until 1947, data to update the
money stock series shown in Table 9 of Banking and
Monetary Statistics (1914-41) are shown below for the
period 1941-46:

For a detailed description of these series, see "A


New Measure of the Money Supply," Federal Reserve
Bulletin, October 1960, pp. 1102-23; and "Revision of
the Money Supply Series," Federal Reserve Bulletin,
August 1962, pp. 941-51.
5
The descriptions as contained in this section apply
to the five measures as revised in early 1976.

Related deposits

Money stock

Time
Date
Total

Currency
outside
banks

Demand
deposits
adjusted

Total

Commercial
banks

Mutual
savings
banks

Postal
Savings
System

U.S.
Government

1941June 30
Dec. 31

45,521
48,607

8,204
9,615

37,317
38,992

27,879
27,729

15,928
15,884

10,648
10,532

1,303
1,313

753
1,895

1942 June 30
Dec. 31

52,806
62,868

10,936
13,946

41,870
48,922

27,320
28,431

15,610
16,352

10,395
10,664

1,315
1,415

1,837
8,402

1943_june 30
Dec. 31

71,853
79 , 640

15,814
18,837

56,039
60,803

30,260
32,748

17,543
19,224

11,141
11,738

1,576
1,786

8,048
10,424

1944June 30
Dec. 30
1945^june 30
Dec. 31

80,946
90,435

20,881
23,505

60,065
66,930

35,720
39,790

21,217
24,074

12,471
13,376

2,032
2,340

19,506
20,763

94,150
102,341

25,097
26,490

69,053
75,851

44,253
48,452

27,170
30,135

14,426
15,385

2,657
2,932

24,381
24,608

1946 June 29
Dec. 31

105,992
110,044

26,516
26,730

79,476
83,314

51,829
53,960

32,429
33,808

16,281
16,869

3,119
3,283

13,416
3,103

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Monetary SystemSummary Measures


CONCEPT OF M!
Inasmuch as Ma is the basis of all of the
money stock measures, it will be described in
substantial detail. This measure, known as the
narrow measure of the money stock, is defined
as (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 Federal Reserve
float; (2) foreign demand balances at Federal
Reserve Banks; and (3) currency and coin outside the Treasury, Federal Reserve Banks, and
vaults of all commercial banks.
Types of deposit holders* The Mx measure
includes demand deposits held in commercial
banks by individuals, partnerships, and corporationsboth domestic and foreign. It also
includes both demand deposits held by financial
institutions such as savings and loan associations
and life insurance companies and demand deposits at commercial banks that are due to mutual savings banks, to banks in U.S. territories
and possessions, and to foreign banks. In addition, it contains demand deposit liabilities to
foreign governments, central banks, and international institutions held at Federal Reserve
Banks, as well as those held at commercial
banks. Amounts due to these institutions represent cash available for transactions in much
the same way as balances of other financial institutions, and they involve no duplication of
funds held by others.
Domestic commercial interbank deposits are
excluded from the Mx series because such deposits involve double counting; deposits "due
to" commercial banks are matched by "due
from" accounts at other commercial banks, and
in theoryif not in factthe two accounts
cancel each other when the statements of all
commercial banks are consolidated.
Deposits of the Federal Government are also
excluded, but those of State and local governments are included. U.S. Government deposits
are excluded primarily because they do not
represent money in the hands of the public
and they have little influence on the expenditures of the Federal Government. However,
deposits of State and local governments exhibit

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economic characteristics not unlike deposits of


large private economic entities.
Eliminating duplication. Both cash items in
process of collection, as reported on the books
of the banks, and Federal Reserve float, derived
from Federal Reserve condition statements, are
deducted from gross deposits to derive the demand deposit component of the money stock.
Gross deposits contain a sizable element of
duplication because checks are added to the accounts of payees before they are subtracted from
the accounts of issuers. Deducting cash items
in the process of collection, as recorded on the
books of commercial banks, makes a partial
correction for this double counting. An additional adjustment is made by deducting Federal Reserve float, which represents items in
the process of collection by Federal Reserve
Banks.
In the late 1960's and early 1970's it became necessary to adjust the measured money
stock for a bias that had developed in cash
items. This bias was related mainly to the
process of clearing transactions that involve
agencies and branches of foreign banks, Edge
Act corporations, and other foreign-related institutions. The checks issued by these institutions in transferring funds are recorded as cash
items in the process of collection on the books
of domestic banks. However, the deposits generating these cash items had not been picked
up in the gross deposit data entering into the
money stock calculation. This generation of
cash items without any recording of the counterpart liability had resulted in a downward
bias in the estimates of the money stock.
Adjustments for this cash-items bias were incorporated into the money stock series by collecting appropriate data from agencies and
branches of foreign banks, Edge Act corporations, and other foreign-related institutions.
These institutions began reporting such data in
late 1970. For the period 1959 to 1970, when
reported data were not available, estimates
were based on the changes in interbank
deposits around certain holidays.6
6
At the time that the cash-items-bias correction was
made, Mi-type deposits of Edge Act corporations,
agencies of foreign banks, and foreign investment
corporations were folded into the Mi series. Deposit

Section 1
Although these adjustments improve the
series, the problem of bias has not been solved
in fulleither statistically or conceptually. The
residual bias, however, does not appear large
enough, nor are changes in it great enough, to
impair the usefulness of the data for most
analytical purposes.

CONSTRUCTION OF THE NARROW


MONEY STOCK MEASUREM^
Of the two components of the narrowly defined money stockcurrency and demand depositsthe currency component presents fewer
problems of construction. Therefore it is treated
first.
Currency component. The currency component is defined as all currency and coin outside the Treasury, Federal Reserve Banks, and
commercial banks. Daily data on currency in
circulation outside the Treasury and the Federal Reserve System are available from daily
statements from the U.S. Treasury Department
Since vault cash can be used to meet reserve
requirements, member banks report both their
vault cash holdings and their deposits to the
Federal Reserve for determination of required
reserves. Consequently, the amount of vault
cash held at member banks is available on a
daily basis, but vault cash at nonmember banks
must be estimated.
Estimates of vault cash held at nonmember
banks are based on the ratio of vault cash of
nonmember banks to vault cash of member
banks on call report dates. Beginning with
March 1973 these benchmark relationships
have been available four times each yearas
of each call date. Before that time call report
benchmark data were available only twice a year
usually the last day of June and the last day of
December.
Estimates of the vault cash ratio for each
week between call report dates are based on a
liabilities of branches of foreign banks have always
been included. For details of this revision, see "Revision of Money Supply Series," Federal Reserve Bulletin, October 1969, pp. 787-803; and "Revision of
the Money Stock," Federal Reserve Bulletin, December 1970, pp. 887-909.

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straight-line interpolation. Weekly estimates of


nonmember vault cash are then derived by
multiplying the estimated weekly vault cash
ratio by the reported weekly-average holdings
of vault cash by member banks. Monthlyaverage vault cash is derived from a proration
of the weekly estimates. For estimates since the
latest call report, the most recent call report
ratio is held constant until data for another call
report become available,
Domestic demand deposit component. The
demand deposit component of the money
stock is based on data from a number of
sources. These include daily figures and singleday figureswhether weekly, monthly, or for
call report dates four times each year.
Demand deposit liabilities of member banks
represent by far the largest part of the demand
deposit component of the money stock. The
basic source of such deposit data is the report
of deposits submitted by member banks for
determination of reserve requirements. This report provides daily figures, but the deposit
breakdowns available do not match the definitions of deposits used in the money stock. Consequently, a number of adjustments must be
made in the basic data as reported.
The money stock concept excludes demand
deposits due to the U.S. Government and demand deposits due to domestic commercial
banks. Therefore, these items must be deducted
from gross demand deposits as a first step in
determining the demand deposit component of
the money stock. Fortunately, both deposits
"due to the U.S. Government" and those "due
to banks" are shown as separate categories on
the report of deposits. However, since depositreport figures for "due to banks" include deposits of mutual savings banks and foreign
banks as well as deposits of domestic commercial banks, it is necessary to estimate the mutual
and foreign portions from other sources, as
explained below, and add them back. Moreover, as was noted earlier, it is also necessary
to avoid double counting of demand deposits that are shown on the books of two banks
at the same timeto deduct cash items in the
process of collection from gross demand deposits to derive the demand deposit component
of Ma.

Monetary SystemSummary Measures


Figures for cash items in the process of collection are available on a daily basis from the
report of deposits because such items are
allowed as a deduction in the computation of
deposits subject to reserve requirements, However, cash items as shown on that report are
not broken down to show items associated with
private demand deposits separately from those
associated with all other operations of the
bank; only a gross figure is available.
From past investigations it is known that
gross cash items in the process of collection
overstate those items that should properly be
deducted from the deposits component of the
money stock. The data on gross cash items include, for example, cash items associated with
interbank deposits, with U.S. Government deposits, and with redemptions of U.S. savings
bonds and coupons of U.S. Government securities, as well as cash items associated with bank
credit cards and food stamps. It is believed,
based on contacts with bank accountants and on
other investigations, that the distortions caused
by continuing to include these items are not
large, and further that these distortions remain a
fairly constant proportion of total deposits.
Therefore, even though the level of the money
stock may be distorted slightly, growth rates are
not affected in a significant way because of
the overstatement of cash items from these
sources.
On the other hand, a significant part of the
gross cash items in the process of collection
reflect the transfer of interbank funds related to
Euro-dollar transactions in the New York money
market and should not be deducted from
money-stock-type deposits. However, these
transfers create interbank demand deposits,
and such deposits are not included in the
money stock measure. Deducting from money
stock deposits the amount of cash items generated from the transfer of Euro-dollar funds
that are not associated with money stock causes
an understatement of the level of the series.
And if these cash items are growing rapidly
relative to total deposits, the growth rate of the
series is distorted.
In order to adjust for the cash items in the

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process of collection associated with interbank


transactions in New York City, data reflecting
the volume of these transfers are collected
from Edge Act corporations, agencies and
branches of foreign banks operating in the
United States, and other foreign-related institutions in New York City.7 These data are used
as a proxy measure for the amount of cash
items that have been recorded on the books
of member banks and deducted from member
bank demand deposits. Such items should not
have been deducted because there is no corresponding money stock liability on the books
of banks. Consequently they are added back
in the calculation of M1(
As indicated above, Federal Reserve float
represents double-counting of deposits in the
money stock and it too is deducted from private
demand deposits in order to approximate the
Mt concept of demand deposits. Daily float
data are derived from the daily reports of condition of the Federal Reserve Banks. Federal
Reserve float fluctuates widely from day to day.
In December 1970 deduction of float reduced
the demand deposit component of Ml about
$3.6 billion on the average.
The second largest deposit component of the
domestic money stock is the domestic nonmember bank component. Data for nonmember banks are available four times a year from
call reports. In order to estimate the deposits
of these banks for other periods, the ratio of
the nonmember banks' demand deposit component of the money stock to that of the
smaller member banks5 demand deposit component is computed for each call report date.
A straight-line interpolation of this ratio, adjusted for changes in bank structure (that is,
changes reflecting shifts in membership status,
mergers, liquidations, and so forth), is made
between call report dates. Weekly ratios so derived are then applied to weekly-average deposits data reported by the smaller member
banks, in order to obtain weekly- and monthlyaverage estimates of the demand deposits component of the money stock at nonmember
7

These data are reported to the Federal Reserve


Bank of New York on a daily basis.

Section 1
banks. (Monthly-average estimates are derived
from prorations of the weekly estimates.) Beyond the period of the most recent call report,
ratios are estimates based on a regression equation and judgment. As new call report data
become available, these weekly and monthly
estimates for nonmember banks are benchmarked to the universe data available from the
call report.
As noted earlier, the money stock figures
published herein do not include demand deposits due to domestic commercial banks. However, they do include demand deposits due to
foreign commercial banks, mutual savings
banks, and banks in U.S. territories and possessions. To eliminate deposits due to domestic
commercial banks, deposits "due to banks" as
shown on the member bank report of deposits
are deducted from gross demand deposits.
However, as noted above, this correction improperly removes deposits due to mutual savings banks, foreign commercial banks, and
banks in territories and possessions from the
money stock.R Therefore, estimates of the deposits due to these institutions must be derived
from other data sources and then added back to
demand deposits to obtain the desired demand
deposit component of the money stock.
Figures for deposits due to foreign commercial banks and to mutual savings banks are
available for each Wednesday for large weekly
reporting banks, which hold the bulk of these
deposits. These Wednesday figures are used as
a proxy measure for the weekly-average level
of such deposits at the weekly reporting banks.
Monthly-average estimates are based on prorations of the weekly-average estimates. Estimates of deposits due to foreign commercial
banks and mutual savings banks at nonweekly
reporting banks are derived from call report
data. Between call report dates such deposits
are estimated on the basis of a straight-line
interpolation.
Demand deposits due to banks in territories
8
It should be noted that deposit liabilities of banks
in U.S. territories and possessions are not part of the
money stock. However, deposit liabilities of banks in
the United States to banks in U.S. territories and
possessions are included.

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and possessions are not so readily available.


In order to estimate this component, it is
necessary to make a special tabulation of the
call report showing the balance sheet data for
banks located outside the United Statesin
the so-called "other areas." The asset item
"demand deposits due from U.S. banks" as
reported by banks in territories and possessions
is assumed to be equivalent to U.S. banks'
liability item, "demand deposits due to banks"
in territories and possessions, which is not reported separately by banks in the United States.
The amount of such deposits, which is relatively
small, is added to the demand deposit component
of the money stock.
In addition to demand deposits at domestic
commercial banks, Mr-type deposits at Edge
Act corporations, agencies and branches of
foreign commercial banks, and other foreignrelated institutions are included in the money
stock. For reserve requirement purposes, Edge
Act corporations must file a report of deposits
on a weekly basis just as member banks do.
These weekly reports, showing daily data, are
the source of the Edge Act money stock component. From 1972 through early 1975, estimates of M^type deposits at agencies and
branches of foreign banks and other foreignrelated institutions were based on last-Wednesdayof-the-month reports filed by these institutions. Since April 1975, daily deposit figures
have been collected from each of these institutions by the New York Reserve Bank.9
Foreign demand deposit component. Data
on demand deposits due to foreign official institutions at Federal Reserve Banks are available on a daily basis from the statements of
condition of the Federal Reserve Banks. The
amount of such deposits held by foreign governments, central banks, and international institutions is relatively small.
9

Prior to 1972, Mi deposits at these foreign-related


institutions were estimated on the basis of call reports
and monthly reports filed with the New York State
Banking Department. In some instances back data were
not readily available, and estimates had to be made
based on end-of-year call report data and other information that could be gathered by the staff of the
Federal Reserve.

Monetary SystemSummary Measures

The M3 measuredefined as M. plus deposits at mutual savings banks, savings capital


at savings and loan associations, and credit union sharesis constructed in a slightly different manner from M2. Deposit data for thrift
institutions are available only for the last day
of each calendar month.10 In order to approximate the monthly-average concept of the MI
and Mz measures, successive month-end observations for deposits at thrift institutions are
averaged. These estimated monthly-average
figures are added to the monthly average for
M2 to derive the monthly average for M3.
The M4 and M5 money stock measures,
which are defined, respectively, as M2 plus large
negotiable CD's and M3 plus large negotiable
CD's, are derived by adding a monthly-average
estimate of negotiable CD's in denominations
of $100,000 or more. The actual level of CD's
outstanding is available for each Wednesday of
the month from reports of large weekly reporting banks. Monthly-average estimates are based
on a weighted average of the Wednesday figures. Since negotiable CD's were not important
before 1961, M2 and M4 would be equal prior
to that date; as would M3 and M0.

CONSTRUCTION OF THE BROADER


MONEY STOCK MEASURESM2 TO M5

In addition to M t , the Board of Governors


publishes four broader measures of the money
stock. All are based in part on Mlt The procedure for constructing the broader money stock
measureM2is very similar to that of M.
M2 includesin addition to the currency and
demand deposit components of MItime and
savings deposits at commercial banks other
than large negotiable certificates of deposit
(CD's) and all deposits due to the U.S. Government and domestic commercial banks. Time
deposits liabilities of branches of foreign banks
are included, but time deposits of agencies of
foreign banks, of Edge Act corporations, and
of other foreign-related institutions are not
included.
Figures for total time and savings deposits
of member banks are available from the report
of deposits submitted by these banks for reserve
requirement purposes, but nonmember bank
time deposits must be estimated on the basis
of call report data. The method used is similar
to that for estimating demand deposits at nonmember banks. That is, the ratio of nonmember
time deposits to the time deposits of smaller
member banks is derived from the call report
data; and weekly ratios are estimated by
straight-line interpolation between call report
dates, adjusted for changes in bank structure,
and are applied to the weekly time deposits
reported by smaller member banks. Adjustments
to eliminate time deposits due to the U.S. Government and to domestic commerical banks
are derived from data for weekly reporting
banks and the call report.
Negotiable CD's in denominations of $100,000 or more are deducted from total time and
savings deposits in computing M2. For this purpose monthly-average estimates are based on a
weighted average of the Wednesday figures as
reported by large weekly reporting banks.
While Af2 as shown in Table 1.1 is computed only from 1959 to date, this series can
be extended back to 1947 by adding total time
and savings deposits to MI. The use of negotiable CD's as money market instruments did
not begin until about 1961.

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SEASONAL ADJUSTMENT
Measuring the seasonal in any time series is
a difficult task, and this is especially true of the
money stock measures and related data. These
series are responsive not only to changes in
general economic conditions but alsoand
particularly soto changes in monetary policy.
Moreover, as these series are used more and
more in the implementation of monetary policy,
it becomes increasingly difficult to separate
policy-induced changes in the series from true
"seasonal" changes.
All of the seasonally adjusted series are derived by use of the Census Bureau's X-ll
seasonal adjustment program. A multiplicative,
10
The sources of these data are: mutual savings
banks, National Association of Mutual Savings Banks;
savings capital at savings and loan associations, Federal Home Loan Bank Board; and credit union shares,
National Credit Union Administration. These three
series are seasonally adjusted separately using the
Census Bureau's X-ll seasonal adjustment program.

10

Section 1
time deposits are estimated on the basis of data
for large banks that report each Wednesday and
on single-date call report figures for other banks.
Seasonal influences for these data are insignificant. For negotiable CD's weighted, monthly
averages of Wednesday figures are seasonally
adjusted separately as an additional component
of total time and savings deposits that is included in the M4 and Mn money stock measures.
Deposits at thrift institutionsthat is, deposits at mutual savings banks; savings capital
in savings and loan associations; and credit
union sharesare all seasonally adjusted separately and then aggregated. The month-end
series are seasonally adjusted by an X-ll multiplicative moving seasonal option similar to that
applied to M and M2 components, and the seasonally adjusted monthly-average series are derived by averaging successive month-end seasonally adjusted data.

moving seasonal option of this program is used


to update seasonal factors each year, and the
results are reviewed and modified in some instances in order to reduce the impact of nonseasonal influences on the seasonal factors or to
take account of influences causing changes in
seasonal factors when known, In general, the
published MI series is close to the X-ll results.
The currency and demand deposit components of M! are seasonally adjusted separately,
and the seasonally adjusted components are
aggregated to derive M1( For the time deposit
component of M2, member and nonmember
time deposits other than CD's are also seasonally adjusted separately and then aggregated.
From this seasonally adjusted aggregate, estimates of time deposits due to the U.S. Government and to domestic commercial banks,
not seasonally adjusted, are subtracted. For
this purpose U.S. Government and interbank

LIQUID ASSET HOLDINGS


State and local governments, and nonprofit
organizations.
Nevertheless, the asset types shown are
somewhat incomplete. They are limited to the
most important and long-standing forms of
liquid investment, and they omit some types
that have become sizable in recent years, such
as short-term lending to commercial banks
through security repurchase agreements and
shares in money market mutual funds. Also
omitted are any liquid investments abroad that
are held by these domestic groups. Such investments in other countries may be denominated
in U*S. dollars, as in the Euro-dollar market, or
in other currencies, but they are omitted regardless of the currency used.
It should also be noted that in recent years
there has been a growing amount of illiquidity
among some of the deposit forms included in
the total. During the past decade time deposits
at commercial banks and thrift institutions have
increasingly taken the form of nonnegotiable
certificates of deposit (CD's) with specified
maturities of 2 to 4 years or more. These cer-

Liquid assets in this compilation include the


types of deposits and currency that appear in
money stock tabulations, and in addition they
include short-term marketable U.S. Government securities, savings bonds, and commercial
paper, which are major types of nondeposit
assets that can be converted into money on
short notice without heavy transaction cost.
Statistically, the money stock components are
taken directly from money stock data in seasonally adjusted form, and the other components are calculated by procedures parallel in
method to the money stock derivation.
Liquid assets as shown here (Table 1.2) differ
conceptually from the money stock in that they
are holdings by domestic nonfinancial residents
of the United States, whereas the money stock
totals include holdings by foreign investors of
U.S. money components and holdings by U.S.
financial institutions other than commercial
banks. The liquid asset totals are thus an aggregate measure of readily spendable funds
held by U.S. households, nonfinancial businesses,

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11

Monetary SystemSummary Measures


tificates can be redeemed before maturity, but
only by forfeiting some of the interest that has
accrued on them. As such certificates approach
maturity, the interest loss on a $5,000 certificate,
for example, can be several hundred dollars,
making the transaction-cost of redemption high
for an asset classified as "liquid."
In recent years about half of the commercial
bank time deposits of less than $100,000 have
been in the form of nonnegotiable CD's; and
about half of the deposits in nonbank financial
institutions were also in this form. Inasmuch as
these certificates have a wide range of terms
to maturity-hence a wide range of redemption
costsavailable data provide little basis for a
simple assessment of their liquidity over time.

10

11

The components of the table are as follows:

from money stock data, after deducting


foreign holdings.
Open market paper held domestically
outside banks and other financial institutions.
Short-term marketable U.S. Government securities excluding official, foreign,
and financial institution holdings. Includes all issues due in 1 year or less
from month shown, plus a sliding proportion of issues due in from 13 to 24
months. Includes issues by Treasury,
other budget agencies, and Federally
sponsored credit agencies.
Series E and H savings bonds held by
individuals.

Derivation of money stock components in


columns 2 through 6 and 8 is described on
pages 7-10. Estimates of foreign and financial institution holdings to be excluded from
liquid asset totals are based on the Federal Reserve's flow of funds statistics. Flow of funds
data are also the source of amounts shown for
commercial paper and U.S. Government securities, including U.S. savings bonds. In transferring flow of funds data to this tabulation,
holdings were converted to monthly averages
by averaging month-end amounts and were
then seasonally adjusted directly as holdings by
the Census Bureau's X-ll procedure. Flow of
funds accounts themselves have no direct seasonal adjustment of outstandings.

Colurnn(s)
1
Sum of columns 2 and 7.
2
Sum of columns 3, 4, 5, and 6. This
total constitutes the amount of M3 held
by domestic nonfinancial sectors,
3, 4, 5 Money stock components after deducting foreign and financial institutional
holdings. The sum of these three columns represents the amount of M2 held
by domestic nonfinancial sectors.
6
Deposits at nonbank thrift institutions
as published in money stock statistics.
7
Sum of columns 8, 9, 10, and 11.
8
Negotiable CD's of more than $100,000

BANKING SERIES
WHAT CONSTITUTES A BANK?

The remainder of this section is devoted to


a description of the main segments of the banking sector of the monetary system.
The nongovernmental part of the banking
system of the United States is made up of
thousands of separate institutions, some chartered by the Federal Government, some by the
States. In addition, there are a few private
banks. Such banks were excluded from Table
14 of Banking and Monetary Statistics (191441) but are included in the otherwise comparable Table 1.7 here.

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In these series a private financial institution


is included as a bank if it accepts deposits from
the general public or if it conducts principally
a fiduciary business. This definition conforms
to the definition used by the Comptroller of the
Currency, the Federal Deposit Insurance Corporation, and the Board of Governors of the
Federal Reserve System in the commercial and
mutual savings bank statistics published beginning with 1947. Under this definition certain

12

Section 1

by law to be members of the Federal Reserve


System and of the Federal Deposit Insurance
Corporation,
State member banks. Banks organized under
State laws may be admitted to membership in
the Federal Reserve System upon complying
with certain prescribed conditions. State member banks of the Federal Reserve System, with
minor exceptions, are required to be members
of the Federal Deposit Insurance Corporation.
State member banks are subject to both Federal
and State supervision.
Insured nonmember banks. State banks that
are not members of the Federal Reserve System
may be admitted to Federal deposit insurance
upon meeting certain prescribed conditions.
These banks also are subject to both Federal
and State supervision.
Noninsured banks. Noninsured banks do not
come under Federal supervision. They include
banks chartered under State laws, which are subject to State supervision; private banks, which
are generally not supervised by any banking
authority; and branches of banks in foreign
countries that are licensed to do business by the
State in which the branch is located.
Broad classification of banks by function
based on the type of deposit business they primarily conduct divides banks into two categories: commercial banks (Tables 1.3 and 1.4)
and mutual savings banks (Table 1.5).
Commercial banks. Commercial banks are
banks whose business includes the holding of
checking accounts and other deposits subject to
withdrawal on demand, and the making of
short-term, self-liquidating loans for commercial, agricultural, and industrial purposes. (They
may also, and usually do, hold time and savings
deposits as well.) Commercial banks include
both Federally chartered and State-chartered institutions. The second group includes State
commercial banks, nondeposit trust companies,
stock savings banks, industrial banks, and cash
depositories. Private banks also fall into this
category. Most commercial banks are Federally
insured, some are not.
Mutual savings banks. With a few minor
exceptions, mutual savings banks carry only
savings and other time deposits, and they in-

types of banks previously excluded, such as


private banks, were thereafter included, and
there were some changes in classification. But
the changes had little effect on data for the
years 1941-46 shown in this section.11
For the years before 1947 a financial institution is one that accepted money from the general public for deposit in a common fund, subject to withdrawal or transfer by check on
demand or on short notice, and made loans to
the general public, Under both definitions
building and savings and loan associations,
personal loan and other small-loan companies,
credit unions, mortgage companies, sales finance companies, insurance companies, Federal Reserve Banks, and credit agencies owned
in whole or in part by the Federal Government
are excluded.
In arriving at the number of banks, the unit
is a single bank, including any branches;
branches are not counted separately. However,
banks joined through ownership or control by
a common holding company are counted as
separate banks.
CLASSIFICATION OF BANKS
In this section banks (other than Federal
Reserve Banks) are classified in three ways:
(1) by supervisory jurisdiction; (2) by function, that is, broadly by the type of deposit
business handled; and (3) by whether they
charge or do not charge for clearing checks.
Classification by supervisory jurisdiction depends partly on the incorporation of the bank,
whether under Federal or State law; partly on
whether the bank is a member in the Federal
Reserve System; and partly on whether its
deposits are insured (Tables 1.6 and 1.7).
National banks. National banks are incorporated under Federal law, and they operate under
the supervision of Federal authorities only. All
national banks in the United States are required
11
For complete descriptions of the types of institutions included and of those excluded, see the 1956
Annual Report of the Federal Deposit Insurance Corporation, pp. 88-89.

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13

Monetary SystemSummary Measures

tively, of 1959. Their deposits were $172 million and $386 million, respectively, on the call
date before admission.
Apart from three national banks that are
members of the Federal Reserve Systemone
in Alaska (included since April 1954), one in
Hawaii (included since April 1959), and one
in the Virgin Islands (included during the
period May 195 7-December 1968)these
tables do not include data for banks in territories or possessions of the United States;
therefore the figures differ from those published
by the Comptroller of the Currency for national
banks and by the Federal Deposit Insurance
Corporation for insured banks. In this publication branches of foreign banks doing business
in the United States are generally included, but
agencies and Edge Act corporations are excluded. Assets and liabilities of branches of
domestic banks outside the United States are
also excluded.
All commercial banks include all Federal
Reserve member banks and all nonmember
commercial banks. Stock savings banks and
nondeposit trust companies are included with
commercial banks. During 1941 three mutual
savings banks became members; these banks
are included in both member bank figures and
insured mutual savings bank figures. (One
withdrew from membership in I960, a second
in 1961, and the third in 1962,) They are not
included in the total for commercial banks and
are counted only once in the total for all banks.
One noninsured, nondeposit trust company is
also included in the member bank series
through December 1968 but is excluded thereafter. A few noninsured banks for which asset
and liability data are not available are included
in the number of banks.
Beginning with December 1947 the series
were revised as announced in November by the
three Federal bank supervisory agencies. At
that time a net of 115 noninsured nonmember
commercial banks with total loans and investments of $110 million were added, and 8 banks
with total loans and investments of $34
million were transferred from the noninsured

vest their funds primarily in mortgage loans and


securities. All of them are State-chartered institutions, and they exist in only a few States;
most are in the northeastern section of the
United States. Many are Federally insured.
The third classification is that for collection
of checks at par. The Federal Reserve Act provided for a system of check collection through
Federal Reserve Banks to eliminate the undue
expense and delay that up to that time had
been involved in check collections in nearly all
parts of the country. Under this system the
Federal Reserve Banks receive and forward for
payment checks drawn on member banks, all
of which are required to remit at par, and on
those nonmember banks that have agreed to
remit at par.
The statistics of banks on the par list and
not on the par list (Table 1.8) include all banks
on which some checks are drawn, except for
the few mutual savings banks that carry demand deposits, and exclude banks on which no
checks are drawn. Banks on the par list include
all member banks and those nonmember banks
that have agreed to remit at par. Banks not on
the par list are nonmember banks that have
not agreed to remit at par on checks forwarded
for payment through the Federal Reserve Banks.
Checks on such banks are not collectible through
the System. The total number of nonmember
banks in Table 1.8 differs somewhat from the
number of nonmember banks shown in other
tables of this section largely because Table 1.8
excludes and the other tables include banks on
which no checks are drawn, principally industrial
banks and trust companies without deposits.

COVERAGE, AND CHANGES


IN COVERAGE OR CLASSIFICATION
The statistics in this section include all nongovernmental banks in the United States. All
banks in Alaska and Hawaii have been included since those two territories were admitted
to statehood in January and August, respec-

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14

Section 1
reopens with a new name and a new charter,
the action is still classed as a reopening rather
than as a primary organization.
A consolidation or absorption represents the
corporate union of two or more going banks
into one bank that continues under a single
charter, either a new or an old one. The term
is used in an economic rather than a legal or
technical sense, the essential consideration being that the business of two or more going
banks becomes concentrated under one charter
and one management. Banks absorbed by other
banks and converted into branches are counted
as consolidations or absorptions. The classification also includes cases in which two or more
banks absorb another bank and then distribute
its business among themselves or in which the
assets and liabilities of a weak bank are transferred to another bank to avoid suspension.
The banks that go out of existence or are converted into branches because of consolidations
or absorptions are counted; the continuing or
absorbing banks are not counted.
A voluntary liquidation represents the voluntary discontinuance of operations and the
surrender of its charter by an uctive bank.
However, voluntary liquidations legally incidental to conversions, consolidations, or absorptions are included in one of those categories, not in this one. For example, if a bank
transfers most or all of its assets to another
bank under an agreement whereby the second
bank assumes its liabilities, the change is
counted as a consolidation or absorption, not
as a liquidation.
An admission to or a withdrawal from Federal Reserve membership represents a case
where a State bank joins or leaves the Federal
Reserve System. A few State banks are organized with the intention of becoming members
before opening for business, Such banks are
counted both as primary organizations of nonmember banks and as admissions to membership under increases in State member banks
and under decreases in nonmember banks.
Unclassified changes are those changes that
cannot be classified elsewhere because of spe-

mutual savings bank to the nonmember commercial bank category.


In addition to these specific changes, and the
organization of new banks, the comparability
of figures for classes of banks is affected somewhat by changes in Federal Reserve membership, Federal insurance status, mergers, and so
forth. The following paragraphs describe in
detail the various types of changes shown in
Table 1.7.
A primary organization represents the chartering of a newly organized bank except when
the issuance of a new charter is incident to a
consolidation, merger, absorption, succession,
or conversion of a going bank.
A conversion represents the issuance to an
active bank of a national charter to supersede a
State charter under which the bank had previously been operating, or of a State charter to
supersede a national charter. Only simple conversions looking toward permanent operation
under the newly issued charter and involving
-no other change in status are included in this
category. Some conversions are effected merely
as a necessary legal step in a consolidation,
merger, or absorption, the new charter being
surrendered shortly after the conversion. Such
cases are considered consolidations or aborptions rather than conversions unless the temporary bank's existence runs over the end of the
calendar year. In this event it is counted as a
conversion in the year in which the change in
charter occurs and as a consolidation, merger,
or absorption in the year following when the
newly issued charter is surrendered. This is
done so that the status of changes will agree,
insofar as practicable, with the number of
banks shown in the year-end abstracts of condition reports.
A suspension represents the temporary or
permanent closing of a bank to the public by
supervisory authorities or by the bank's board
of directors because of financial difficulties.
A reopening of a suspended bank (included
with "unclassified changes" in Table 1.7) represents the resumption of operations of a previously suspended bank. Even if the bank

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15

Monetary SystemSummary Measures


Generally speaking these loans fluctuate widely,
but they have little net effect on the volume of
credit available to the public. For the period
1959 to date, however, the series continue to
exclude loans to domestic commercial banks,
but they include those to foreign commercial
banks. This treatment of domestic interbank
loans is similar to that accorded interbank deposit liabilities in the money stock series. Beginning June 30, 1969, loans and investments
were reported grossthat is, without deduction
of valuation reservesrather than net of valuations reserves as had been done previously.
Data shown in Table 1.4 beginning January
1959 have been revised to include valuation
reserves.
Beginning with May 1969 a new series on
"bank loans plus loans sold outright to affiliates" is shown. Transfers of loans to affiliates
increased sharply in 1969 and early 1970 in
response to restraints on bank credit expansion.
Over this period the new combined series reflects more accurately the total volume of lending by commercial banks, inasmuch as loans
initiated by the banks and then transferred to
their affiliates were removed from the banks'
books and, consequently, were not reported in
the usual condition statement.

cial circumstances involved in the change or


because of a lack of essential data.

SERIES ON BANK CREDIT


Table 1.4 shows for all commercial banks
the following data: total loans and investments;
total loans; holdings of U.S. Government securities; and holdings of other securities, which
consist mainly of State and municipal issues.
Both seasonally adjusted figures and figures
without seasonal adjustment are shown. In view
of the substantial seasonal and cyclical movements in bank credit, a seasonally adjusted
series facilitates historical analysis and makes it
easier to view the current trend in bank credit
and its components. Such a series indicates
much more clearly than unadjusted data the
banking system's responses to changes in monetary policy.
The basic data used for the series are the
end-of-month (last Wednesday) estimates of
major balance sheet items for all commercial
banks published in Table 1,3. For the period
through 1958 all loans to other commercial
banks were excluded from the data for both
total loans and total loans and investments.

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16

MONETARY SYSTEMSUMMARY MEASURES


1.1

MONEY STOCK AND RELATED DATA, MONTHLY, 1947-70


A.

Itfoney stock

Month
Total

1947 jan
Feb
Mar.
Apr
JM^y
June

Currency Demand
deposit
component component

SEASONALLY ADJUSTED
[In billions of dollars]
Itf oney stock

Time
deposits
adjusted l

Month
Total

Aug
Sent
Oct
Nov
Dec

109.5
109.7
110.3
111.1
111.7
112.1
112.2
112.6
113.0
112.9
113.3
113.1

26.7
26.7
26.7
26.6
26.6
26.6
26.5
26.5
26.7
26 5
26.5
26.4

82.8
83.0
83.7
84.5
85.1
85.5
85.7
86.1
86.3
86.4
86.8
86.7

33.3
33.5
33.6
33.7
33.8
33.9
34.0
34.4
34.7
35.0
35.2
35.4

1953 jan>
Feb..
Mar
Apr
May.
June.
July
Aug.
Sept. .
Oct.
Nov.
Dec. .

1948 Jan
Feb.
Mar
Apr
Mav
June
Julv
Aug.
Sept
Oct
Nov.
Dec

113.4
113.2
112.6
112.3
112.1
112.0
112.2
112.3
112.2
112.1
111.8
111.5

26.4
26.3
26 2
26.1
26.0
26 0
26,0
26,0
26 0
26.0
26.0
25.8

87.0
86.8
86.4
86.3
86.0
86.0
86.2
86.2
86.2
86.1
85.9
85.8

35.5
35.7
35.7
35.7
35.7
35.8
35.8
35.9
35.9
35.9
36.0
36.0

1954 jan . .
Feb. .
Mar.
Apr..
May
June
July.
Aug
Sept.
Oct. .
Nov
Dec

111.2
111.2
111.2
111.3
111.5
111.3
111.2
111.0
110.9
110.9
111.0
111,2

25.7
25 7
27.7
25 7
25.7
25.6
25.5
25.5
25 3
25.3
25.2
25 1

85.5
85.5
85.6
85.6
85.8
85.7
85.7
85.6
85.6
85,6
85.8
86.0

36.1
36,1
36.1
36 2
36.3
36.4
36.4
36.4
36 4
36.4
36.4
36.4

1955Jan
Feb.
Mar
Apr.
May.
June
July
Aug.,
Scot.
Oct. .
Nov
Dec.

111.5
112,1
112.5
113.2
113.7
114.1
114.6
115,0
115.2
115.7
115.9
116,2

25 1
25.1
25.2
25.3
25.2
25.1
25.0
24.9
24.9
24.9
24.9
25.0

86.4
86.9
87.3
88.0
88.5
89.0
89.6
90.1
90.3
90.8
90.9
91.2

36 4
36.6
36.6
36.7
36.9
36.9
36.8
36.7
36.6
36 5
36.6
36.7

116.7
117.1
117 6
117.8
118.2
118.6
119,1
119 6
120.4
121 0
122 0
122.7

25.0
25.1
25 2
25.2
25.3
25.4
25.6
25.7
25.8
26.0
26.0
26,1

91.7
92.0
92 4
92.6
92.8
93.2
93.4
93 8
94,5
95.1
96 0
96.5

36.7
36.6
36 6
36.7
36.8
36.9
37.2
37 4
37.7
37.8
38 0
38.2

1956 Jan.
Feb
Mar
Apr
May
June
July
Aug..
Sept
Oct
Nov
Dec
1957_jan
Feb
Mar.
Apr
May
June
July
Aug. .
Sept
Oct
Nov..
Dec

123 1
123.6
123 8
124 1
124 5
125 0
125.3
125 7
126 4
126 7
127 1
127.4

26.2
26.3
26.4
26 4
26 5
26.7
26.7
26.8
26 9
27.0
27 2
27,3

96 9
97.3
97 5
97 6
98 0
98 4
98.6
98,9
99 4
99.7
99 9
100.1

38 4
38.7
38 9
39 1
39 3
39 5
39.7
40 0
40 3
40.5
40 9
41.1

1958 Jan.. t
Feb
Mar
Apr..
May
June.
July
Aug
Sept..
Oct
Nov..
Dec

July

1949 jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1950 jan
Feb
Mar.
Apr
May
June
July
Aug
Sent
Oct

. . . .

..,,,...

, ..

Nov
Dec.

1951 Jan
Feb. . . , ,
Mar
Apr
May
June
t ....
July
Sept
Oct
Nov
Dec
1952 Jan
Feb
Mar
Anr
May
July
Aug
Sept
Oct
Nov
Dec

For notes see last page of Part B of this table.

Digitized for FRASER


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

17

....
....

....

...

Currency Demand
deposit
component component

Time
deposits
adjusted l

127 3
127.4
128.0
128.3
128.5
128,5
128.6
128.7
128.6
128 7
128.7
128.8

27 4
27 5
27.6
27.7
27 7
27.7
27,8
27 8
27.8
27 8
27 8
27.7

99 9
99 9
100 4
100.7
100 7
100 7
100.8
100 9
100,8
100 9
100 9
101 1

41 4
41 6
41.9
42.1
42 4
42,6
42.9
43 2
43.5
43 9
44 2
44.5

129.0
129.1
129.2
128.6
129.7
129 9
130.3
130.7
130 9
131.5
132.1
132.3

27 7
27.7
27 6
27.6
27.6
27 5
27.5
27.5
27 4
27.4
27.4
'27.4

101 3
101 5
101 6
101 0
102.1
102 3
102 8
103.2
103 5
104 1
104.7
104.9

44 8
45.2
45 6
46.1
46.5
46 8
47.3
47.8
47 9
48.1
48.2
48.3

133.0
133.9
133.6
133 9
134.6
134.4
134.8
134.8
135 0
135.2
134.9
135 2

27.4
27 5
27,5
27 5
27 6
27.6
27.7
27.7
27 7
27.8
27.8
27 8

105.6
106 4
106.0
106 3
107.0
106.8
107.2
107.0
107 3
107.4
107.1
107 4

48.5
48 7
48.8
49 0
49.0
49.2
49.3
49.3
49 6
49.7
49.9
50 0

135 5
135.5
135.7
136.0
135.8
136.0
136.0
135.7
136.2
136.3
136.6
136.9

27.9
27.9
27,9
27.9
27.9
27.9
28.0
28.0
28.0
28.0
28.1
28.2

107 7
107.7
107.8
108.1
107.9
108.1
108.0
107.8
108.2
108.2
108.4
108.7

49.9
49.9
50.1
50.3
50.4
50.7
50.9
51.2
51.5
51.6
51.8
51.9

136.9
136.8
136 9
136.9
137.0
136.9
137.0
137.1
136.8
136.5
136.3
135.9

28.2
28.2
28 2
28.2
28.2
28.3
28.3
28.3
28.3
28.3
28.3
28.3

108.6
108.6
108 7
108.7
108.8
108.6
108.7
108 8
108,4
108.2
108 0
107.6

52 6
53.1
53 7
54.0
54.5
54.8
55.3
55 7
56.1
56.6
57 0
57.4

135.5
136.2
136.5
137 0
137 5
138 4
138.4
139.1
139 5
140.1
140 9
141.1

28.3
28.2
28.2
28.2
28 3
28.3
28.4
28.4
28 5
28.5
28.5
28,6

107 2
107.9
108.3
108 7
109 2
110 1
110.0
110 7

57 6
59.2
60.5
61 5
62 3
63 2
64.0
64.6
64 8
64.9
65.2
65.4

in i

111.6
112 4
112.6

MONETARY SYSTEMSUMMARY MEASURES


1.1 MONEY STOCK AND RELATED DATA, 1947-70Continued
A. SEASONALLY ADJUSTEDContinued
[In billions of dollars]

Related data

Over-all measures

Deposits at commercial banks


(2) +(9)

A/s
(3) +(9)

Currency

(3)

(4)

(5)

(6)

208.5
208.6
209.2
209.9
210.6
211.1
212.0
211.5
211.4
211.0
211.2
210.9

293.9
294.6
296.0
297.3
298.9
300.1
301.7
302.0
302.5
302.7
303.4
303.8

143.3
142.9
142.8
143,0
142,6
142.7
143.4
144.0
144.3
144.3
144.2
144.2

210.7
209.9
209.7
210.3
210.1
210.6
212,1
213,5
214.7
215.5
216.5
217.1

304.2
304.1
304.6
305.9
306.5
307.7
310.0
312.4
314.4
316.1
317.9
319.3

208.5
208.6
209.2
209.9
210.6
211.1
212.0
211.5
211.4
211.0
211.2
210.9
210.7
209.9
209.7
210.3
210.1
210.6
212.1
213.5
214.7
215.5
216.5
217.1

293.9
294.6
296.0
297.3
298.9
300.1
301.7
302.0
302.5
302.7
303.4
303.8
304.2
304.1
304.6
305.9
306.5
307.7
310.0
312.4
314.4
316.1
317.9
319.3

...

144,4
144.9
145.2
145.6
146.1
146.4
146.5
146.8
147.3
147.8
148.4
148.7

218.0
219.5
220.0
221.2
222.5
223.4
224.3
225.2
226.1
227.1
228.3
228.6

321.2
323.6
325.0
327.0
329.3
331.2
333. Q
334.8
336.6
338.5
340.7
342.1

1962Jan
Feb
Mar. ..
Apr
May . . .
June
July ....
AUE
Sept. . .
Oct
Nov
Dec

148.9
149,1
149.5
149.8
149.8
149.9
149.7
149.5
149.4
149.9
150.5
150.9

230,2
231.7
233.5
235.1
235.6
236.6
237.2
237.5
238.3
239.9
241.5
242.9

344.6
347.1
349.9
352.5
354.0
356.0
357.7
359.2
361.1
363.9
366.7
369.2

)963^Jan
Feb..
Mar.
Apr
May
June
Julv
Aug.
Sent.
Get
Nov. .. .
Dec

151.5
151.8
152.2
152.7
153.3
154.0
154.6
154.7
155.1
155.8
156.9
156.5

244.7
245.8
247.1
248.6
250.0
251.4
252.7
253.8
255.0
256.7
259.0
258.9

372.5
375.0
377.6
380,4
383.1
385.7
388.2
390.5
392.8
395.8
399.3
400.3

1964Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

156.9
157.3
157.8
158.0
159.0
159.5
160.6
161.4
162.3
162.9
163.6
163.7

259.9
261.1
262.1
263.0
264.8
266.4
268.2
270.0
272.1
273.6
275.5
277.1

402.6
405.0
407.2
409.4
412.5
415.5
418.8
422.0
425.5
428.3
431.6
434.4

218.1
219.7
220.5
221.8
223.4
224.5
225.6
226.7
227.9
229.2
230.7
231.4
233.2
234.9
236.9
238.7
239.4
240.6
241^5
242.1
243.1
245.0
246.9
248.5
250.7
252.0
253.6
255.4
257.1
258.8
260.4
261.8
263.4
265.5
268.2
268.5
270.3
271.9
273.1
274.3
276.5
278.4
280.3
282.1
284.5
286.4
288.7
289.9

321.3
323.9
325.5
327.7
330.1
332.2
334.3
336.3
338.4
340.7
343.2
344.8
347.6
350.3
353.3
356.1
357.8
360.0
362.0
363.7
365.9
369.0
372.1
374.9
378.4
381.2
384.1
387.2
390.2
393.1
395.9
398.5
401.2
404.6
408.5
409.9
413.0
415.8
418.2
420.6
424.3
427.5
430.8
434.1
437.9
441.2
444.7
447.2

Month

Afi
() +(7)

(1)+(10)

A/3
(2) +(11)

(1)

(2)

1959Jan
Feb
Mar
Apr
May
June. . . . .
July
Aug
Sept
Oct
Nov
Dec

142.2
142.5
143.1
143.3
143.9
144.2
144.9
144,5
144.2
143.8
143.7
143.4

1960Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec
1961-Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec,

A/2

A/4

For notes see last page of Part B of this table.

Digitized for FRASER


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

18

28.7
28.7
28.8
28.7
29.0
29.0
29.0
29.1
29.0
29.0
28.9
28.9
28.9
28.9
29.0
29.0
29.0
29,0
29.0
29.0
29.0 I
29.0
29.0
29.0
28.9
28.9
28.9
28.9
28.9
28.9
29.0
29.1
29.2
29.4
29.4
29.6
29.6
29.7
29.8
30.0
30.0
30.1
30.2
30.2
30.3
30.3
30.4
30.6
30.6
30.8
31.0
31.2
31.3
31.5
31.6
31,8
31.9
32.0
32.3
32,5
32.5
32.7
32.9
33.0
33.3
33.5
33.6
33.8
33.9
34.0
34.2
34.3

Demand
(7)

113.5
113.8
114.3
114.6
115.0
115.1
116.0
115.4
115.2
114.9
114.7
114.5
114.3
114.0
113.9
114.0
113.6
113.8
114.5
115.0
115.3
115.2
115.2
115.2
115.5
115.9
116.3
116.7
117.1
117.4
117.5
117.7
118.1
118.4
119.0
119.1
119.3
119.3
119.6
119.8
119.8
119.8
119.6
119.3
119.1
119.6
120.0
120.3
120.9
121.0
121.2
121.6
122.1
122.5
123.0
122.9
123.1
123.8
124.7
124.1
124.4
124.6
124.9
125.0
125.7
126.0
127.0
127.6
128.4
128.9
129.4
129.5

Nonbank
thrift
institutions

Time and savings


Total

CD's

Other

(8)

(9)

(10)

(ID

66.3
66.1
66.1
66.5
66.7
67.0
67.0
67.0
67.2
67.2
67.5
67.4

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

66.3
66.1
66.1
66.5
66.7
67.0
67.0
67.0
67.2
67.2
67.5
67.4

85.4
86.0
86,7
87.5
88.2
88.9
89.7
90.5
91.2
91.7
92.2
92.9

67.4
66.9
66.8
67.3
67.5
67.8
68.6
69.6
70.4
71.3
72.3
72.9

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

67,4
66.9
66.8
67.3
67.5
67.8
68.6
69.6
70.4
71.3
72.3
72.9

93.6
94.2
94.9
95.6
96.4
97.1
97.9
98,8
99.7
100.6
101.4
102.3

73.8
74.9
75.2
76.2
77.3
78.1
79.1
79.9
80.6
81.4
82.3
82.7
84.2
85.8
87.4
88.9
89.6
90.7
91.7
92.6
93.7
95.0
96.4
97.6
99.2
100.2
101.4
102.7
103.7
104.8
105.8
107.1
108.3
109.7
111.3
112.0
113.4
114,6
115.3
116.2
117.5
118.9
119.7
120.7
122.1
123.6
125.0
126.2

0.1
0.3
0.4
0.6
0.8
1.0
1.3
1.5
1.8
2.1
2.4
2.8

73.7
74.6
74.8
75.6
76.5
77.1
77.8
78.4
78.8
79.3
79.9
79.9
81.2
82.7
84.1
85.3
85.8
86.7
87.5
88.0
88.9
89.9
91.0
92.0
93.2
94.0
94.9
95.9
96.7
97.4
98.0
99.1
99.9
100.8
102.0
102.3
102.9
103,8
104.3
105.0
105.8
106.9
107.6
108.6
109.8
110.7
111.9
113.4

103.2
104.1
105.0
105.8
106.8
107.7
108.7
109.6
110.5
111.4
112.4
113.4
114.4
115.4
116.4
117.4
118.4
119.4
120.5
121.6
122.8
124.0
125.2
126.4
127.7
129.2
130.5
131.8
133.1
134.3
135.5
136.7
137.8
139.1
140.3
141,4
142.7
144.0
145.1
146.4
147.7
149.1
150.6
152.0
153.5
154.8
156.1
137,3

3.0
3.2
3.4
3.6
3.8
4.0
4.3
4.5
4.8
5.1
5.4
5.7
6.0
6.2
6.5
6.8
7.1
7.4
7.7
8.1
8.4
8.8
9.2
9.6
10.5
10.8
11.0
11.2
11.7
12.0
12.1
12.1
12.4
12.9
13.1
12.8

MONETARY SYSTEMSUMMARY MEASURES


1.1 MONEY STOCK AND RELATED DATA, 1947-70Continued
A. SEASONALLY ADJUSTEDContinued
[In billions of dollars]
Related data

Over-all measures

Deposits at commercial banks


Month

Mi
(6)+<7)

U)+(10)

(1)

(2) +(11)

A/*
(2) +(9)

(3) +(9)

Currency

(2)

(3)

(4)

(5)

(6)

164.2
164,4
164.9
165.3
165.6
166.5
167.1
167.4
168.6
169.8
170.4
171,3

279.1
281.1
282.7
284.1
285.2
287.4
289.4
291.2
293.8
296.7
299.0
301.3

437.5
440.6
443.2
445.6
447.7
451.0
454.1
457.0
460.7
464.8
468.3
471.7

292 9
295.2
297.0
298.7
300.3
302.9
305.0
307.1
310.1
313.4
315.7
317.7

451.3
454.7
457.5
460.2
462.9
466.5
469.7
472.9
477.0
481.5
485.0
488.0

1966 Jan... .
Feb.
Mar
Apr
May
June
July
Aug
Sept..... .
Oct...
Nov
Dec

172.6
173.3
174.1
175.4
175.4
175.6
175.0
174.9
175.9
175.3
175.4
175.7

303.9
305.4
307.0
309.8
311.2
312.1
312.8
313.9
315.7
316.0
316.8
318.1

475.1
477.5
479.8
482.9
484.6
486.0
486.9
488.3
490.7
491.6
493.1
495.4

320.5
322.0
323.9
327.3
329.0
330.0
331.0
331.8
333.3
332.5
332.4
333.6

1967Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec

175.6
177.3
178.6
177.9
179.9
181.4
182.8
183.8
185.0
185,9
186.6
187.3

319.7
323.0
325.9
327.3
331.5
335.1
338.4
341.3
343.8
346.3
348.3
349.9

498.3
502.8
507.1
510.2
516.1
521,3
526.2
530.6
534.5
538.3
541.4
543.9

1968Jan
Feb.,
Mar
Apr
May
June
July
Aug
Sept. .
Oct.
Nov
Dec

188.2
189.2
189.9
190.9
192.9
194.5
195.5
196.6
197.9
199.0
200.8
202.2

351.8
354.3
356.4
358.3
361.2
364.0
366.0
369.3
372.6
375.7
379.7
382.9

1969Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

203.2
204.2
204.8
205.5
206.2
206.8
207.2
207.1
207.7
208.1
208.7
208.8

1970Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

210.4
209.7
211.0
212.5
213.3
213.6
214.2
215.8
217.5
217.8
2 18., 6
219.6

1965Jan. .
Feb
Mar
May.'.'.'.'
June. . . .
July
Aug
Sept
Oct
Nov
Deo.

A/2

A/3

A/5

Demand
Total

CD's

Other

(7)

(8)

(9)

(10)

(11)

34.4
34.6
34.7
34.8
34.9
35.0
35.2
35.4
35.7
36.0
36.1
36.3

129.7
129.9
130.3
130.5
130.7
131.4
131.8
132.0
132.9
133.8
134.3
134.9

128.8
130.7
132.
133.5
134.8
136.5
138.0
139.7
141.5
143.7
145.3
146.4

13.9
14,
14.4
14.7
15.2
15,6
15,6
16.0
16.3
16.8
16.7
16.4

114.9
116.7
117.8
118.8
119.6
120.9
122.3
123.8
125.2
126.9
128.6
130.0

158,4
159.5
160.5
161.5
162.5
163.6
164.7
165,8
166.9
168.1
169.3
170.4

491.7
494.1
496.7
500.5
502.4
503.9
505.1
506.2
508.3
508.1
508.7
510.9

36.6
36.8
36.9
37.1
37.3
37.4
37.6
37.8
37.9
38.0
38.1
38.3

136.0
136.6
137,2
138.3
138.1
138.3
137.4
137.2
138.0
137.3
137.2
137.3

147.8
148.7
149.8
151.9
153.6
154.4
156.0
156.9
157.4
157.2
157.0
157.9

16,6
16.6
16.9
17.6
17.8
17,9
18,2
17.9
17.6
16.5
15.6
15.5

131.2
132.1
132.9
134.3
135,8
136.5
137.8
139.0
139.8
140.7
141.4
142.4

171.3
172.1
172.8
173.1
173.4
173.9
174.1
174.4
175.0
175.6
176.3
177,3

336.8
341.4
344.9
346.4
350.4
354.6
358.0
361,2
364.1
366.5
368.6
370.5

515.4
521.2
526.0
529.2
535.0
540.8
545.8
550,5
554.7
558.4
561.7
564.5

38.5
38.7
38.9
39.0
39.1
39.2
39.4
39.5
39.8
39.9
40.0
40.4

137.1
138.6
139.7
139.0
140.7
142.1
143.4
144.4
145,2
146.0
146.5
146.9

161.3
164.1
166.3
168.4
170.5
173.3
175.2
177.3
179.1
180.5
182.1
183.3

17.1
18.4
19,0
19,0
18.9
19.5
19.5
19.9
20.3
20.1
20.3
20.6

144.2
145,7
147.3
149.4
151.6
153.8
155.7
157.4
158.8
160.4
161.8
162.6

178.5
179.8
181.2
182,9
184.6
186.2
187.8
189.3
190.7
192.0
193.1
194.0

546.7
550.1
553.3
556.2
560.1
563.9
567.0
571.5
575.9
580.2
585,4
589.6

372.4
375.0
377.2
378,5
381.2
383,8
386,8
390.9
394.7
398.4
402.8
406.4

567.3
570.9
574.1
576.4
580.1
583,7
587.8
593.0
597.9
602.9
608.5
613.1

40.6
40.7
41.1
41.4
41.5
41.8
42.0
42.3
42.6
42.8
43.2
43.4

147.6
148.4
148.9
149.5
151.4
152.6
153.5
154.3
155.3
156.2
157.6
158.7

184.2
185.9
187.2
187.6
188.4
189.4
191.3
194.3
196.7
199.4
202.0
204.3

20.7
20.8
20.8
20.2
20.0
19.9
20.8
21.6
22.0
22.7
23.1
23.5

163.6
165.1
166.5
167.4
168.3
169.5
170.5
172.7
174.7
176.7
178.9
180.8

194.9
195.9
196.9
197.9
198.9
199.9
201.0
202.2
203.3
204.5
205.7
206.7

384.9
386.5
387.9
389.3
390.3
391.8
391.0
390.0
390.7
391.1
392.1
392.3

592.6
595.3
597,8
600,0
601.7
603.9
603.6
603.2
604.6
605.3
606.6
607.3

406.6
406.8
407.1
407.8
408.0
408.1
405.4
402.8
402.6
402.4
403.2
403.3

614.3
615.7
617.0
618.6
619.4
620.2
618.0
615.9
616.4
616.6
617.7
618.2

43.6
43.9
44.1
44.2
44.4
44.7
44.9
45.2
45.3
45.6
45.9
46.1

159.6
160.3
160.7
161.3
161.7
162.1
162.3
161.9
162.4
162.5
162,8
162.8

203.3
202.6
202.3
202.3
201.9
201.4
198.2
195.6
194.9
194.3
194.5
194.4

21.7
20.3
19.2
18.5
17.7
16.3
14,4
12.7
11.8
11.3
11.1
10.9

181.6
182.3
183.1
183.8
184.1
185.1
183.8
182.9
183.1
182.9
183.4
183.5

207.7
208.9
209.9
210.7
211.4
212.0
212.6
213.2
213,8
214.2
214.5
214.9

393.0
392,0
394.5
398.0
400.1
402.4
406.0
410.4
414.5
417.1
420.0
423.5

607.9
606.9
610.1
614.6
618,0
621.5
626.7
633.3
639,7
644.7
650.0
656.2

403.5
402.7
406.0
411.0
413.5
415.8
422.5
429.3
435.4
439.5
443.8
448.8

618.4
617.6
621.5
627.6
631.4
634.9
643.2
652.1
660.6
667.1
673.8
681.5

46.3
46.5
46.7
47.0
47.5
47.7
47.9
48.1
48.3
48.5
48.8
49.1

164.2
163.2
164.3
165.5
165.8
166.0
166.3
167.7
169.2
169.3
169.9
170.5

193.1
193.0
194.9
198.5
200.2
202.2
208.3
213,5
217.9
221.7
225.2
229.2

10.5
.10.6
11.4
13.0
13.4
13.4
16,5
18.9
20.9
22.4
23.8
25.3

182.6
182.4
183.5
185.5
186.8
188.8
191.8
194.6
197.1
199.3
201.3
204.0

214.8
214.9
215.6
216.6
217.8
219.1
220.7
222.8
225.2
227.6
230.0
232.7

JFor notes see last page of Part B of this table.

Digitized for FRASER


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

Nonbank
thrift
institutions

Time and savings

19

MONETARY SYSTEMSUMMARY MEASURES


1.1

MONEY STOCK AND RELATED DATA, MONTHLY, 1947-70


B.

NOT SEASONALLY ADJUSTED


[In billions of dollars]

Money stock

Money stock
Time
U.S.
deposits
Govt.
ad- 1 demand:
justed
deposits

Month

Total

Currency
component

Demand
deposit
component

1947 jan
Feb
Mar
Apr
May.
June .
July
Aug
Sent. .
Oct
Nov
Doc

111.9
109.8
109.4
109.1
109,8
110.9
111.4
111. 9
113.3
113.6
114.5
115.9

26.7
26.5
26.5
26.4
26.4
26.4
26.4
26.4
26.8
26.7
26.7
26.8

85.2
83.3
82.9
82.7
83.4
84.5
84.9
85.5
86.5
86.9
87.8
89.1

33.2
33.4
33,7
33.8
33.9
34,0
34.2
34,4
34.7
35.0
35.1
35.1

2,6
3.3
3.6
2.9
2.3
.0
.0
.4
.6
2.2
.6
.0

1953Jan
Feb.
Mar

1948Jan
Feb. .
Mar

115.9
113.4
111.8
110.4
110.2
110.8
111.3
111.6
112.4
112.8
112.9
114.3

26.4
26.2
26.1
25.9
25.8
25.9
26.0
26,0
26.1
26.2
26.2
26.2

89.5
87.2
85.7
84.5
84.4
85.0
85.3
85.6
86.2
86.6
86.8
88.1

35.5
35.6
35.8
35.8
35.8
35.9
36.0
35.9
35.9
36.0
35.9
35.7

.9
1.7
2.1
2.3
2.7
2.2
2.0
2.5
2.4
2.3
2.4
1.8

113.7
111.5
110.5
109.5
109,7
HO. 2
110.2
110.3
110,9
111.5
112.0
113.9

25.7
25.5
25.5
25.5
25.5
25.4
25.5
25.4
25.4
25.5
25.4
25.5

88.0
85.9
84.9
84.0
84.2
84.8
84.7
84.9
85.5
86.0
86.6
88.4

36.0
36.1
36.2
36.3
36.4
36.5
36.5
36.5
36.4
36.4
36.3
36.1

1.6
2.7
3.0
2.6
1,9
1.5
1.4
2.8
3.2
3.4
3.5
2.8

1954 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec,
1955_jan
Feb
Mar
Apr
May
June
July
Aug.
Sept
Oct
Nov
Dec. . .

1950 Jan
Feb.
Mar
Apr.
May
June.
July
Aug.
Sept. .
Oct
Nov
Dec

114.0
112.4
111.8
111.5
111.9
112.9
113.5
114.2
115.1
116.3
117.0
119.2

25.1
25.0
25.1
25.1
25.0
24.9
25.0
24.9
25.0
25.1
25.2
25.4

88.9
87.4
86.8
86.4
86.9
88.0
88.5
89,3
90.1
91.2
91.8
93.4

36.4
36.5
36.7
36.8
36.9
37,0
36.9
35.7
36.6
36.6
36.5
36.4

2.8
3.7
3.5
3.3
3.0
3.0
3.4
3.4
3.4
2.8
3.0
2.4

1951Jan
Feb
Mar
Apr. .
May
June
July
Aug
Sept
Oct
Nov.
Dec

119.5
117.5
117.4
116.0
116.4
117.6
117.5
118.4
120.0
121.4
123.2
125.8

25.0
25.0
25.0
25.0
25.1
25.3
25.6
25.7
25.9
26.1
26.3
26.6

94.5
92.5
92.3
91.0
91.2
92.4
91.9
92.7
94.1
95,2
97,0
99.2

36.7
36.6
36.7
36.7
36.7
36.9
37.3
37.5
37.7
37.9
38.0
38.0

1952Jan
Feb
Mar
Apr
May
June
July
AUK.
Sept
Oct.
Nov
Dec

126.2
124.2
123.6
122.3
122.7
124.2
123.6
124.2
125.8
126.9
128.3
130.8

26.2
26.1
26.2
26.2
26.3
26.5
26.7
26.8
27.0
27.2
27.5
27.8

100. 0
98.0
97.4
96.1
96.4
97.7
96.9
97.4
98.9
99.7
100.9
103.0

38.4
38.6
38.9
39.1
38.3
39.6
39.9
40.1
40.3
40.6
40.8
40.9

Month

May
June. .
Julv
Aug, .
Sept
Oct.
Nov
Dec
1949 jan
Feb
Mar
Apr
May
June
Julv.
Aug
Sept
Oct. .
Nov
Dec.

..

Time
deposits
adjusted 1

U.S.
Govt.
demand
deposits '

41.4
41.6
41.9
42.1
42.3
42.7
43.0
43.2
43.5
44.0
44.1
44.2

3,7
4.6
4.4
3.7
2.8
2.6
5.2
6.8
5.6
4.2
4.9
3.8

44.8
45.2
45.6
46 = 0
46.4
46 ,,9
37,5
47.9
48.0
48.2
48.1
48.0

3.0
3.7
4.0
4.0
3.9
3.9
4.2
4.9
4.0
6.1
6.2
5,0

130.5
128.1
127.7
126.7
126.7
127.6
127.0
127.0
127.9
128.8
129.9
132.1

27.4
27.3
27.4
27,4
27.5
27.6
27.8
27.8
27.9
27.9
28.0
28.2

103.1
100.8
100.3
99.3
99.2
100.1
99.2
99.2
100,0
100.9
101.8
103.9

132.3
129.8
128.9
127.2
128.1
129.0
128.8
129.0
130.1
131.5
133.1
135,6

27.7
27.5
27.4
27.4
27.4
27.4
27.5
27.4
27.5
27.6
27.7
27.9

104.6
102.3
101.4
99.8
100.7
101.6
101.3
101.5
102.6
103.9
105.4
107.7

136.4
134.5
133.1
132.8
132.7
133.5
133.4
133.0
134.2
135.1
135.9
138.6

27,4
27.2
27.3
27.3
27.4
27.5
27.7
27.7
27.8
27.9
28.1
28.4

109.0
107,3
105.8
105.5
105.4
106.1
105.7
105.3
106.4
107.2
107.7

no. 2

48.5
48.6
48.8
48.9
49.0
49.2
49,4
49.5
49.7
49.9
49.8
49.6

3.0
3.7
3.8
4.9
4.9
4.0
4.6
4.9
3.9
4.5
4.3
3.4

1956 Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec. . .

139.1
136.0
135.2
135.1
134.0
135.1
134.5
134.0
135.4
136.2
137.5
140.3

27.9
27.6
27.7
27.7
27.7
27.8
28.1
28.0
28.1
28.2
28,4 j
28.8

111.2
108.4
107.5
107.5
106.3
107.3
106.5
106.0
107.3
108.0
109.1
111.5

49.8
49.8
50.1
50.3
50.4
50.8
51,2
51.4
51.6
51. 8
51.5
51.4

2.2
2.7
4,1
4.1
5.1
4.2
3.9
4.4
4.4
3.9
4.2
3.4

2.1
3.3
4.5
6.1
5.1
4.6
4.8
4.2
3.6
3.9
3.1
2.7

1957_Jan.
Feb
Mar
Apr
May
June
July . .
Aug
Sept
Oct
Nov
Dec.

140.3
137.3
136.1
136.1
135.2
135.9
135.6
135.6
136.1
136.4
137.2
139.3

28.2
27.9
27.9
28.0
28.0
28.2
28.4
28.3
28.4
28.4
28.6
28.9

112.1
109.3
108.2
108,1
107,2
107.7
107.2
107.2
107.7
107.9
108.6
110.4

52.3
52.9
53,7
54.2
54.6
55.2
55.6
55.9
56.3
56.7
56.5
56.7

2.0
1.9
3.0
4.4
4.1
4.0
4.9
3.1
3.5
4,2
3.0
3.5

2.2
3.3
3.9
4.5
4.3
4.3
7.6
6.3
5.2
5.4
5.2
4.9

1958Jan.
Feb
Mar
Apr
May
June . .
July
Aug
Sept. .
Oct
Nov
Dec

138.8
136.4
135.4
136.4
135.7
137.4
137.0
137.8
138.9
140.0
142.0
144.7

28.2
27.9
27.9
28.0
28.1
28.3
28.5
28.5 \
28.5 i
28.6
28.8
29.2

110.6
108,5
107.4
108.4
107.6
109.1
108.5
109.2
110.4
111.5
113.2
115.5

57.2
59.1
60.5
61.7
62.6
63.5
64.4 )
64.8
65.0
65.0 !
64.6
64.6

2.3
2.5
4.3
4.2
5.5
6.0
6.0
5.3
4.0
4.2
3.9
3.9

For notes see last page of Part B of this table.

Digitized for FRASER


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

Total

Currency Demand
deposit
comcomponent
ponent

20

..

May
June
July
Aug
Sept
Oct
Nov
Dec

'

MONETARY SYSTEMSUMMARY MEASURES


1.1 MONEY STOCK AND RELATED DATA, MONTHLY, 1947-70Continued
B. NOT SEASONALLY ADJUSTEDContinued
[In billions of dollars]
Related data

Over-all measures

Deposits at commercial banks


Month

Mt
A/2
A/4
A/i
A/3
(6) +(7) (1)+(12) (2)-K13) (2)-Kll) (3)-KH)

Currency

Demand

Total
0)

(2)

(3)

(4)

(5)

(6)

(7)

Time and savings

Nonbank
thrift
institutions

U.S.
Govt.
depos-

(14)

DomesMembe tic nonmember


(8)
(9)

Total

CD's

Other

(10)

(U)

(12)

(13)

its

211:0

210.5
211,1
211.3
211.8
213.7

296.9294 6
295.0
297.2
297.2
299.3
301.0
300.8
302.0
302.6
303.6
306.7

211.1
208.4
208.1
209.7
209.0
210.1
211.0
210.5
211.1
211.3
211.8
213.7

296.9
294,6
295.0
297.2
297.2
299,3
301.0
300.8
302.0
302.6
303.6
306.7

28.6
28.4
28.5
28.5
28.7
28.9
29.1
29.1
29.1
29.0
29.2
29.5

116.9
114 2
113.4
114.5
113.2
113.8
114.3
113.9
114.5
114.9
115.8
117.6

96.9
94.7
94.1
94.9
93.8
94.2
94.5
94.0
94.0
94.1
94.7
96.3

19.3
18 8
18.5
18.8
18.6
18.6
18.9
19.0
19.4
19,6
19,9
20.1

65.6
65 8
66.2
66.7
67.1
67.4
67.6
67.4
67.5
67.4
66.8
66.6

0.0
0 0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

65.6
65 8
66.2
66.7
67.1
67.4
67.6
67.4
67.5
67.4
66.8
66.6

85.8
86 2
86.9
87.6
88.2
89.2
90.0
90.3
90.9
91.4
91.8
93.0

Nov
Dec

146.6
142.9
141.6
142.9
140.7
141.1
142.0
142.5
143.7
144.5
145.6
148.0

213.4
209.6
208.6
210.3
208.5
209.3
211.1
212.5
214.4
215.9
217.1
220.0

307.4
304.0
303.8
306.1
304.8
306.7
309.3
311.1
313.7
316 1
318.1
322.3

213.4
209.6
208.6
210.3
208.5
209.3
211. 1
212.5
214.4
215.9
217.1
220.0

307.4
304.0
303.8
306.1
304.8
306.7
309.3
311.1
313.7
316.1
318,1
322.3

28.9
28.6
28.7
28.8
28.8
28.9
29,1
29.1
29.1
29.1
29.3
29.6

117.7
114.3
113.0
114.1
111.9
112.2
112,9
113.5
114.6
115.4
116.3
118.4

96.4
93.7
92.8
93.8
91.9
92.1
92.7
93.2
94,0
94.4
95.0
96.7

20.1
19.5
19.1
19.2
18.9
18.9
19,1
19.2
19.5
19.8
20.2
20.4

66.8
66.6
67.0
67.5
67.8
68.3
69.1
69.9
70.7
71.4
71.5
72.0

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

66.8
66.6
67.0
67.5
67.8
68.3
69.1
69.9
70.7
71.4
71.5
72.0

94.0
94.4
95.1
95.8
96.3
97.4
98.2
98.6
99,4
100.2
101.0
102.3

1961 jarK
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

147.8
144.9
144.0
145.7
144.1
144.7
145.0
144.9
146.6
148.0
149.8
152.9

220.8
219.2
219.1
221.6
221.0
222.2
223.3
223.6
225.6
227.4
228.9
231.9

324 5
323.6
324.4
327.6
327.6
330.2
332.2
332.9
335.8
338.5
341.0
345.5

220.9
219.5
219,5
222.2
221.8
223.2
224.6
225.1
227.4
229.5
231.4
234.7

324 6
323.9
324.8
328. Z
328.5
331.2
333.5
334.4
337.6
340.6
343.4
348.2

28.8
28.6
28.6
28.7
28.7
28.9
29.2
29.2
29.3
29.4
29.7
30.2

U8 9
116.3
115.4
117.0
115.4
115.8
115. 8
115.7
117.3
118.6
120.1
122.7

97.2
95.1
94.6
96.0
94.7
95.1
95,0
94.8
95.9
96.9
97.9
100.2

20 6
20.0
19.6
19.8
19.5
19.5
19.6
19.7
20.1
20.5
21.0
21.4

73,2
74.6
75.5
76.5
77.7
78.6
79.5
80.2
80.9
81.5
81.5
81.8

0.1
0.3
0.4
0.6
0.8
1.0
1.3
1.5
1.8
2.1
2.4
2.8

73. t
74.4
75.0
75.8
76.9
77.5
78.3
78.7
79.1
79.4
79.1
79.0

103.6
104.4
1Q5.3
106.0
106.7
108.0
108.9
109.3
111.1
112.0
113.6

4.1
4.8
4.7
2.8
4.7
4.5
4.3
5.5
5.2
6.5
5.8
4.9

1962 Jan
Feb
Mar
Apr
May....
June. . . .
July....
Aug
Sept
Oct
Nov
Dec

152.5
149.1
148.2
150.3
147.7
148.0
148.2
147.4
148.5
150.1
151.9
155.1

233.2
231.5
232.6
235.9
233.9
235.1
236.1
235.7
237.5
240.1
242.0
246.1

348 1
347.2
349.4
353.5
352.2
354.8
356.8
356.9
359.9
363.7
366.8
372.6

236.1
234.7
236.0
239 . 4
237.7
239.2
240.4
240.3
242.3
245.1
247 .4
251.8

351.0
350.3
352.7
357.1
356.0
358.9
361.1
361.6
364.7
368.7
372.1
378.3

29.5
29.4
29.5
29.7
29.7
30.0
30.3
30.3
30.3
30.4
30.8
31.2

123.0
119.7
118.7
120.5
117.9
118.0
117.9
117.1
118.2
119.7
121.1
123.9

100.1
97.3
96.4
97.9
95.7
95.9
95.7
95.1
95.8
96.9
97.9
100.4

21 7
21.3
21.1
21,5
21.0
20.8
21.0
20.9
21.3
21.7
22.2
22.4

83.6
85.6
87.7
89.2
90.0
91.1
92.2
92.9
93.8
95.0
95.5
96.7

2.9
3.2
3.3
3.6
3.8
4.0
4.3
4.7
4.8
5.0
5.4
5.7

80.7
82.5
84.4
85.6
86.2
87.1
87.8
88.3
89.0
90,0
90.1
91.0

114,9
115.6
116.7
117.6
118.3
119.7
120.7
121.3
122.4
123.6
124.8
126.5

3.8
4,7
5.0
3.8
7.0
7.2
7.0
6.8
7.2
7.3
6.1
5.6

1963 Jan
Feb
Mar
Apr
May....
June
July . . . .
Aug
Sept
Oct
Nov
Dec

155.4
151.8
151.0
153.2
151.0
151.8
153.1
152.6
154.1
156.0
158.4
160.9

248.2
245.7
246.4
249.5
248.1
249.6
251.4
251,8
254.1
256.9
259.6
262.3

376.5
375.2
377.3
381.5
381.1
384.3
387.2
388.0
391.5
395.6
399.4
403.9

254.0
251.9
252.9
256.3
255.3
257.1
259.3
260.1
262.4
265.5
268.7
271.9

382.3
381.4
383.7
388.3
388.3
391.7
395.0
396.3
399.8
404.2
408.5
413.5

30.5
30.5
30.7
30.9
31.0
31.4
31.8
31.9
32.0
32.1
32.6
33.1

124.9
121.3
120.2
122.3
120.0
120.4
121.3
120.7
122.2
123.9
125.8
127.8

101.0
98.1
97.3
99.0
97.0
97.4
98.0
97.5
98.6
99.8
101.2
102.9

22.8
22.2
21,9
22.3
22.0
22.0
22.3
22.2
22.6
23.1
23.6
23.9

98.6
100.1
101,9
103.1
104.3
105.2
106.2
107.5
108.3
109.5
110.2
111.0

5.8
6.2
6.5
6.8
7.2
7.4
7.8
8.3
8.4
8.6
9.1
9.6

92.8
93.9
95.4
96.3
97.1
97.8
98.4
99.2
100.0
100.9
101.1
101.3

128.3
129.4
130.9
132.0
133.0
134.6
135.8
136.3
137.4
138.7
139.8
141.6

4.8
5.7
6.0
4.2
7.1
7.5
7.8
6.3
6.6
5.3
4.3
5.1

1964Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

161.3
157.2
156.4
158.6
156.0
157.2
159.0
158.9
161.3
163.3
165.2
168.6

264.2
261.0
261,2
264.0
262.1
264.3
266.8
267.5
271.0
274.1
276.3
280.9

407.4
405.2
406.8
410.7
409.7
413.7
417.5
419.1
423.9
428.5
431.9
438.3

274.4
271.7
272.1
275.3
274.0
276.3
279.0
280.0
28-3.3
286.7
289.3
293.8

417.6
416.0
417.7
422.0
421.6
425.7
429.8
431.6
436.2
441.0
444.8
451 . 2

32.4
32.3
32.6
32.8
33. 1
33.4
33.7
33,9
33.9
34.1
34.6
35.0

128.9
124.9
123.8
125.9
122.9
123.9
125.2
125.1
127.4
129.2
130>. &
133.6

103,8
100.5
99.7
101.4
98.9
99.8
100.7
100.4
102.1
103,4
104.3
106.8

24.1
23.3
23.1
23.5
23.0
23.1
23.5
23.6
24.2
24.8
25.2
25,7

113.0
114.5
115.7
116.7
118.0
119.1
120.0
121.1
122.0
123.4
124.1
125.2

10.2
10.8
10.9
11.3
11.9
12.1
12.3
12.5
12.3
12.6
13.0
12.9

102.9
103.8
104.8
105.4
106.1
107.0
107.8
108.6
109.7
HO. 8
111.2
112.3

143.3
144.2
145.6
146.7
147.6
149.4
150.8
151.5
152.9
154.3
155.5
157.4

4.1
4,8
6.0
4.2
6.8
7.6
6.9
6.3
6.5
5.5
5.8
5.5

1965Jan
Feb
Mar

169.0
163.9
163.4

283.8
280.7
281.8

442.8
440.4
442.7

297.3
294.8
296.1

456.3
454.5
457.1

34.4
34.2
34.4

134.7
129,7
129.1

107.5
103.6
103.2

26.0
25.1
24.9

128.3
130.8
132.7

13.5
14.1
14.3

114.8
116.8
118.3

159.0
159.7
161.0

4.2
5.7
6.6

1959Jan
Feb.
Mar
Apr......
May
June
July
Aug
Sept
Oct
Nov
Dec

145.5
142 6
141.9
143,0
142.0
142.7
143.5
143.1
143.6
143.9
145.0
147.1

1960Jan,
Feb
Mar
Apr
May
June
July
Aug
Sept

Oct

211.)
208 4
208.1
209.7
209.0
210.1

For notes see next page.

Digitized for FRASER


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

21

no. 2

3.2

4 3

3^7
4.6
5.2
4.0
4.9
5.1
5.2
4.9
4.7
4.9
4.1
4.1
4.3
3.6
6.4
6.3
6.7
6.1
5.4
5.7
5.8
4.7

1.1 MONEY STOCK AND RELATED DATA, MONTHLY, 1947-70Continued


B. NOT SEASONALLY ADJUSTEDContinued
fin billions of dollars]
Related data

Over-all measures

Deposits at commercial banks


Month

A/i

A/2

A/3

A/4

A/5

(6) +(7 U)+(12 (2) +(13 (2) +(11 (3) +(1 1

DomesMembe tic nonmember


(8)
(9)

Nonbank
thrift
institutions

U.S.
Govt.
deposits
(14)

Total

CD's

(10)

(11)

(12)

(13)

25.3
24.6
24.9
25.2
25.2
25.9
26 5
27.1
27.7

134.0
135.4
136.6
138.3
140.2
141.4
143.5
144.3
145.2

14.7
15.3
15.6
15.8
16.4
16.3
16.5
16.6
16.3

119.2
120.1
121.1
122.4
123.8
125.1
127 0
127.8
129.0

161.8
162.3
163.9
164.9
165.2
166.4
167.7
168.7
170.5

5.5
9.7
9.1
9.0
7.3
5.5
5.0
4.1
4.6

28 2
27.1
26,9
27.5
26.8
27,0
27.3
27.0
27.5
27.7
28.2
28.6

147 4
148.7
150.4
152.4
154.2
154.4
156.2
157.4
157.4
157.1
156.1
156.9

16.3
16.6
16.9
17.5
17.9
17.8
18.3
18.4
17.6
16.3
15.6
15.5

131 1
132 0 1
133^5
134.9
136.3
136.6
137.9
139,0
139.8
140.8
140.5
141.4

171 8
172.3
173.3
173.4
173.2
174.2
174.3
173.8
174.5
175.2
175.7
177.5

3,8
5.1
4.5
3.0
7.1
6.1
8.0
5.1
4.3
4.8
3.7
3.4

112.3
108.6
109.7
111.2
109.0
111.6
112.3
112.1
113.9
115,5
116.4
119.7

28.8
27.8
27.6
28.0
27.5
27,9
28.4
28.4
29.2
29.6
30.1
30.8

160.8
164,1
166.9
168.9
170.9
173.1
175.3
177.9
179.1
180.5
181.4
182.1

16.9
18.4
19.0
18.9
18.8
19.2
19.4
20.4
20.3
20.1
20.7
20.7

143.9
145.7
147.9
150.0
152.2
153.9
155.8
157.5
158.9
160.5
160,7
161.4

179.0
179.9
181.6
183. 2
184.4
186.6
188.1
188.8
190.2
191.6
192.5
194.2

4.2
5.1
4.9
4.8
6.5
4.0
5.7
4.3
5.0
6.3
5.3
5.0

153.1
147.1
147.4
150.9
148.0
151.1
152.3
151.5
154.0
156.2
158.9
163.8

120.7
116.0
116.3
119.1
116.7
119.1
119.7
119.0
120.6
122.3
124.1
128.1

31.1
29.9
29.8
30.5
30.1
30.6
31.2
31.2
32.1
32.6
33.4
34.3

183.9
185.9
187.9
188.2
188.7
189,0
191.1
194.8
196.7
199.7
201,4
203.2

20.6
20.8
20.8
19.9
19.6
19.3
20.4
22.1
22.2
23.0
23.6
23.8

163.3
165.1
167.1

169.2
169.6
170.7
172.8
174.6
176.8
177.8
179.4

195.4
195.9
197.4
198.3
198.8
200.5
201.4
201.5
202.7
204.0
205,0
206.8

5.0
7.2
6.7
4.3
6.5
5.6
5.8
5,7
6.0
6.3
4.5
5.0

165.5
158 9
159! 1
162.7
158.2
160.6
161 2
159!o
161.1
162 5
163 9
167.'8

129.4
124 0
126.9
123.1
124.8
125 0
123 A
124.3
125.4
126*3
129*3

34.8
33 5
33.4
34,5
33.7
34,4
34 8
34.6

21.8
20 3
19!2
18.2
17.3
15.9
14 1

35.4
35.8
36 4
37^2

202.9
202.6
203.2
203.0
202.4
201.3
198 0
196!o
194.9
194.4
193.4
193.2

n!i

181.1
182 3
184.0
184.8
185.2 !
185.4
183 9
183*0
182.9
182,8
182 0
182! 1

208.2
208.8
210.4
211.2
211.4
211.8
213 0
212.5
213.2
213.7
213 8
215.1

4.9

620.7
616.2
619.4
617 4
6\2,%
614.4
616 2
617 5
623 .'O

43 5
43 4
43^7
43.8
44.2
44.7
45 2
45^4
45.3
45.6
46 4
46.*9

624 2
615^1
621.1
630.5
629.0
634.7
643.3
649.6
658.4
666.0
672.1
684.7

46 1
45*9
46.3
46.6
47.3
47.7
48.3
48.3
48.2
48.5
49.2
50,0

170 2
I6l!5
162.7
167.0
162.3
164.5
165.2
164.9
167.8
169.1
170.9
175.8

131 2
124*5
125.7
128,9
125.1
127.0
127.1
126.8
129.1
130.0
131.1
135.0

37 7
35^7
35.6
36.7
35.8
36,0
36.5
36.5
37.2
37.6
38.2
39.2

192 7
193^0
195.9
199.3
201.1
202.3
208.0
213.8
218.1
222.0
224.1
228.1

10 6
10*6
11.4
12,7
13,0
13.0
16.1
19,2
21.4
23.1
24.4
25.7

182 1
182]4
184.5
186,7
188.1
189.3
191,9
194.6
196.7
199.0
199.7
202.4

21S 9

4 3

214.8
216.2
217.5
218.3
220.2
221.8
222.7
224.3
226.4
228.0
230.9

7.1
6.9
5.3
6.4
6.5
6.8
7.1
6.9
6.2
5,7
7.3

Total

(I)

(2)

(3)

(4)

(5)

1965 Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec

166.1
162.2
164.2
165.4
164.7
167.6
170.2
172.0
176.5

285.4
282.3
285.2
287,8
288.5
292.8
297.3
299.8
305.4

447.2
444.6
449.1
452.7
453.8
459.2
464 9
468.5
476.0

300.1
297.6
300.8
303.7
305.0
309.1
313 7
316.3
321.7

461.9
459.9
464.7
468.6
470.2
475.5
481 4
485.1
492.2

34.5
34.6
34.9
35.4
35.5
35.7
36 0
36.5
37.1

131.7
127.5
129.2
130.0
129.2
132.0
134 2
135.5
139.4

105.2
101.8
103.2
103.7
102,9
105.0
106 6
107.3
110.6

1966Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct
Nov
Dec

177 7
172.4
172.5
176.4
171.8
173.9
173.3
172.1
174.9
175.7
176.9
181.0

308 8
304.5
306.0
311.2
308.1
310.5
311.2
311.2
314.7
316.5
317.4
322.3

480 6
476.8
479.3
484.7
481.3
484.7
485.5
485.0
489.3
491.6
493.1
499.8

325.1
321.1
322.9
328.8
326.0
328.3
329.5
329.5
332.3
332.8
333.0
337.8

497 0
493 ,'4
496.2
502.2
499.2
502.6
503.8
503.4
506.8
508.0
508,7
515.3

36 5
36*4
36.5
36.8
37.0
37,3
37.8
37.8
37.9
38.1
38,5
39.1

14t 2
136.'0
135.9
139.6
134.8
136.6
135.5
134.3
137.0
137.6
138.3
141.9

111 9
107.8
107.9
110.9
106.9
108.4
107.0
106,1
108.3
108.7
109.0
112.2

1967Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

180.7
175.7
176.8
178.9
176.4
179.7
181.4
181.2
183.9
186.2
188.1
192.9

324.6
321.3
324.7
328.9
328.5
333.7
337.2
338.7
342.8
346.7
348.9
354.3

503.6
501.3
506.4
512.0
512.9
520.2
525.3
527.5
533.0
538.3
541.4
548.5

341.5
339.8
343,7
347.8
347.3
352.8
356.7
359.1
363.1
366.8
369.5
375.1

520.5
519.7
525.4
530.9
531.7
539.4
544.8
547.9
553.3
558.4
562.0
569.2

38.5
38.?
38.5
38.6
38.8
39.2
39.6
39.6
39.7
40.0
40.5
41.2

142.3
137.4
138.3
140.2
137.5
140.6
141.8
141.6
144.2
146.3
147.7
151.7

1968Jan
Feb
Mar
Apr
May....
June
July....
Aug
Sept
Oct
Nov
Dec

193.6
187.4
188.1
191.9
189.3
192.9
194.5
194.0
196.7
199.0
202.5
208.1

356.8
352.5
355.2
360.1
358.4
362.6
365.2
366.7
371.3
375.8
380.3
387.5

552.2
548.4
552.6
558.4
557.3
563.1
566.6
568.2
573.9
579.8
585.3
594.3

377.4
373.3
376.0
380.0
378.0
381.9
385.7
388.8
393.4
398.8
403.9
411.3

572.8
569.2
573.4
578.4
576.9
582.4
587.0
590.3
596.1
602.7
608.9
618.1

40.5
40.3
40.7
41.0
41.3
41.8
42.3
42.5
42.6
42.8
43.6
44.3

1969Jan
Feb.
Mar
Apr
May
June... . .
July
Aug..... .
Sept
Oct
Nov
Dec

209.0
202.2
202.8
206.6
202.4
205.3
206 3
204.4
206.3
208.2
210 3
214.8

390.1
384 5
386.8
391.4
387.5
390.7
390 3
387.4
389.3
391.0
392 3
396.9

598 3
593 3
597.2
602.5
598.9
603,5
603 3
599.9
602,5
604.6
606 1
611 ."9

411.9
404.9
405.9
409.5
404.8
406.6
404.3
400.4
401.2
402.5
403.7
408.0

620.1
613 7

1970Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct......
Nov
Dec

216.3
207.4
209.0
213.6
209.6
212.2
213.4
213.2
216.1
217.6
220. 1
225.8

398 4
389.8
393.5
400.3
397.7
401.5
405.4
407.7
412.8
416.6
419.7
428.1

613 6
604.5
609.7
617.8
616,0
621.7
627.2
630.4
637.1
643.0
647.7
659.1

409.0
400.4
404.9
413.0
410.7
414.5
421.4
427.0
434.1
439.7
444.1
453.8

6\6.3

(6)

1
At all commercial banks.
NOTE.-Unless otherwise noted, series represent averages of daily
figures. Composition of components is as follows:
Currency; Amounts outside the Treasury, the Federal Reserve Banks,
and the vaults of all commercial banks.
Demand deposits: Amounts of (1) demand deposits at all commercial
banks other than those due.to domestic commercial banks and the U.S.
Govt., less cash items in the process of collection and Federal Reserve
float, and (2) foreign demand balances at Federal Reserve Banks.

Digitized for FRASER


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

Time and savings

Demand

Currency

22

(7)

\24.2

isio
11.9

11 5
114

Other

168.2

69

4.8
5.3

9.2

6.0

5 6

4.3
5.3
4.2

5 2

5.6

CD.s: Negotiable time certificates of deposit (CD's) issued in denominations of $100,000 or more by large weekly reporting banks.
"Other" time and savings deposits: Figures for all commercial banks
for savings deposits, for time deposits open account, and for time CD's
other than negotiable time CD's issued in denominations of $100,000 or
more by large weekly reporting banks. Excluded are time deposits of
the U.S. Govt. and domestic commercial interbank time deposits.
Nonbank thrift institutions: Averages of beginning- and end-of-month
figures for (1) deposits at mutual savings banks and (2) savings capital
at savings and loan associations.

MONETARY SYSTEMSUMMARY MEASURES


1.2 LIQUID ASSET HOLDINGS OF PRIVATE DOMESTIC NONFINANCIAL
MONTHLY, 1948-70

INVESTORS,

[Seasonally adjusted monthly averages, in billions of dollars)


Other types

Currency and deposits


Deposits
Month

Total
Total

U.S. Government
securities

Time

Currency
Demand

Total

Nonbank
financial
institutions
(6)

(7)

Negotiable
CD's1

Open
market
paper

(8)

(9)

Shortterm
marketable
(10)

(1)

(2)

(3)

(4)

Commercial
banks
(5)

1948 Jan
Feb
Mar
Apr
May
June
July
Aug.
Sent
Oct.
Nov.
Dec

226.7
226.8
226.5
226.5
226.2
226.4
226.7
227,1
227.4
227.5
227.6
227.8

168.4
168.4
168.0
167.9
167.6
167.7
168.0
168.3
168,4
168.4
168.4
168.3

26.4
26.3
26.2
26.1
26.0
26,0
26.0
26 ,,0
26.0
26.0
26.0
25.8

80.3
80.0
79.6
79.5
79.1
79.0
79.2
79.1
79.0
78.9
78.7
78.6

33.7
33.9
33.9
33.9
33.9
34.0
34.0
34.1
34.1
34.1
34.2
34.2

28.0
28.1
28.3
28,4
28.6
28.7
28.9
29.1
29.3
29.4
29,6
29.7

58.3
58.4
58.5
58.6
58.6
58.7
58.7
58.8
59.0
59,1
59.2
59.5

.2
.2
.2
.2
.2
.2
.2
.2
.2
.2
.3
.3

11.8
11.7
11.6
11.6
11.5
11.4
11.4
11.3
11.3
11.2
11.2
11.5

46.4
46.6
46,7
46.8
46,9
47,0
47.1
47.3
47,5
47,7
47.7
47.8

1949 Jan
Feb
Mar.
Apr
May
June
July
AUE
Sent
Oct
Nov
Dec

227.5
227.8
228.2
228.7
229.4
229.8
230.2
230.5
230.7
231.1
231.5
232.2

168.1
168.3
168.6
168.9
169.3
169.5
169.6
169.7
169.7
169.9
170.1
170.5

25.7
25.7
25.7
25.7
25.7
25.6
25.5
25.5
25.3
25.3
25.2
25.1

78.2
78.1
78.2
78.2
78.4
78.4
78.4
78.3
78.3
78.3
78.5
78.8

34.3
34.3
34.3
34.4
34.4
34.5
34.5
34.5
34.5
34.5
34.5
34,5

29.9
30.2
30.4
30.6
30.8
31.0
31.2
31,4
31.6
31.8
31.9
32,1

59.4
59.5
59.6
59.9
60.1
60.3
60.6
60.8
61.0
61.2
61,4
61.8

.3
.3
,3
.3
.3
.3
.3
.4
.4
.4
.4
.5

11.1
11.0
11.0

11,3
11.4
11.4
11.5
11.7
11.8
12.1

48.0
48.2
48.3
48.5
48.6
48.7
48.9
49.0
49.1
49.2
49.2
49.3

1950Jan
Feb
Mar
Apr.
May
June
July
Aug
Sept
Oct
Nov.
Dec

232.6
233.5
234.3
235.6
236.5
237.3
238,0
238.2
238.3
239.0
239.5
240.5

171.0
171.9
172.6
173.7
174.4
175.0
175.4
175.6
175.7
176.2
176.7
177.4

25.1
25.1
25.2
25.3
25.2
25.1
25.0
24.9
24.9
24.9
24.9
25.0

79.1
79.5
79.8
80.5
80.9
81.4
81.9
82.3
82.4
82.9
83.0
83.3

34.5
34.6
34.6
34.7
34.9
34.9
34.7
34.6
34.5
34.4
34.5
34.6

32.4
32,7
32.9
33.2
33.4
33.6
33.8
33.8
33.9
34.1
34.3
34.5

61.6
61.5
61.7
61.9
62.1
62.4
62.6
62.5
62.6
62,7
62,8
63,1

.4
.4
.4
.4
.4
.4
.4
.4
.3
.4
.4
.4

11.7
11.7
11.7
11.8
11.9
12.1
12,3
12,3
12.5
12.7
12.8
13.1

49.4
49,5
49.6
49.7
49.8
49.8
49.9
49.8
49,8
49.7
49.7
49.6

1951Jan
Feb.
Mar
Apr
May
June
July
Aue,
Sept
Oct
Nov
Dec.

240.7
240,7
241.2
241.8
242.6
243.8
245.1
246.0
247.6
249,1
250.8
252.5

178.0
178.3
178.9
179.4
180.1
181.0
182.1
183.1
184.5
185.7
187.2
188.4

25.0
25.1
25.2
25.2
25.3
25.4
25.6
25.7
25.8
26.0
26.0
26.1

83.6
83.9
84.3
84.4
84.6
85.0
85.2
85.6
86.3
86.9
87.8
88,3

34.6
34.5
34.5
34.6
34.8
34.9
35.2
35.5
35.8
35.9
36,1
36.3

34.7
34.8
35.0
35.2
35.4
35.7
36.1
36.3
36.6
36.9
37,3
37.6

62.7
62.4
62.3
62.4
62.5
62.7
63.0
62.9
63.1
63.4
63.6
64.1

.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
,5

12.8
12.6
12.7
12.9
13.0
J3.3
13.5
13.5
13.7
14.0
14.0
14.5

49.6
49.4
49.3
49.2
49.1
49.1
49.1
49.1
49.0
49.1
49.1
49.1

1952Jan. .
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

254.5
256.2
257.5
258.1
258.8
260.4
261.5
263.3
264.7
266.3
267.8
269.2

189.9
190.9
191.7
192.4
193.2
194.4
194.9
196.0
197.4
198.7
199.8
200.9

26.2
26.3
26.4
26.4
26,5
26.7
26.7
26.8
26.9
27.0
27.2
27.3

89.0
89.2
89.3
89,4
89.6
90.0
89.9
90.1
90.5
91.0
91.2
91.7

36.5
36.8
37.0
37.2
37.4
37.6
37.8
38.1
38.4
38.7
39.0
39.1

38.2
38.6
39.0
39.3
39.7
40.1
40.5
41.0
41.5
42.0
42.4
42.8

64.6
65.3
65.8
65.7
65.5
66.0
66.6
67.2
67.3
67.6
67.9
68.3

.6
.5
.5
.6
.6
.7
.7
.7
.7
.7
.7
.7

14.9
15.7
16.2
16.2
16.0
16.4
16.9
17.5
17.5
17.8
18.1
18.4

49.1
49.1
49.0
49.0
49.0
49.0
49.0
49.1
49.1
49.1
49.1
49.2

1953Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

270.5
272.2
274.6
276.9
278.2
279.5
281.2
282.7
282.8
283.4
283.8
284.5

201.5
202.4
203.7
204.8
205.6
206.3
207.2
208.2
208.7
209.7
210.3
211.0

27.4
27.5
27.6
27.7
27.7
27.7
27.8
27.8
27.8
27.8
27.8
27.7

91.4
91.6
92.1
92.3
92.4
92,4
92.5
92.7
92.5
92.6
92.7
92.9

39.4
39,5
39.8
40.0
40.3
40.4
40.7
41.0
41.2
41.6
41.7
41.9

43.3
43.8
44.2
44.7
45.2
45.7
46.2
46.7
47.2
47.7
48.2
48.6

69.0
69.8
70.8
72.1
72.6
73.3
74.0
74.5
74.1
73.6
73.5
73.5

.7
.7
.8
.8
.7
.7
.7
.8
.9
1.0
1.0
1.1

19.0
19.7
20.7
21.9
22.5
23.3
23.9
24.4
23.9
23.4
23.1
23.1

49.2
49.3
49.4
49.5
49.4
49.3
49.3
49.3
49.3
49.3
49,3
49.3

For note see end of table.

Digitized for FRASER


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

23

11.1
11. 1

Savings
bonds

(11)

MONETARY SYSTEMSUMMARY MEASURES


1.2

LIQUID ASSET HOLDINGS OF PRIVATE DOMESTIC NONFINANCIAL INVESTORS,


MONTHLY, 1948-70 Continued
[Seasonally adjusted monthly averages, in billions of dollars]
Currency and deposits

Other types

Deposits
Month

Total
Total

Time

Currency
Demand

(1)

(2)

(3)

(4)

Commercial
banks
(5)

Total

Nonbank
financial
institutions
(6)

?
45.1

73.5
73,3
72.9
72.8
72.2
71.6
71.0
71;2
71,4
71.4
71.3
71.3

97.0
98.0
97.5
97.8
98.4
98.2
98.6
98.5
98.7
98.6
98.2
98.5

45.3
45.4
45.6
45.8
45.9
46.1
46.1
46.1
46.4
46.5
46.7
46.8

55.8
56.4
57.0
57.5
58.1
58.7
59.3
59.9
60.5
61.1
61.7
62.3

71,4
70.8
70.5
71.6
72,8
74.0
74.8
76.1
77.2
78.5
79.5
79.6

27.9
27.9
27 .'9
27.9
27.9
27.9
28.0
28.0
28.0
28.0
28.1
28.2

98.8
98.7
98.8
99.1
99.0
99.2
99.0
98.7
99.2
99.4
99.4
99.5

46.9
47.0
47.3
47.5
47.5
47.7
48.0
48.3
48.5
48.6
48.8
48.9

62.9
63.5
64.1
64.7
65.3
65.9
66.0
67.2
67.7
68.3
68.9
69.5

79.9
80.7
80.1
79.4
79.3
79.0
78.1
78. 5
78.8
79.1
79.4
79.6

247.4
248.5
249.8
250.6
251.7
252.3
253.5
254.5
255.0
255.7
256.7
257.2

28.2
28.2
28.2
28.2
28.2
28.3
28.3
28.3
28.3
28.3
28.3
28. 3

99.3
99.4
99.5
99.4
99.4
99.0
99.2
99.2
98.7
98.4
98.4
97.9

49.7
50.3
50.9
51.2
51.8
52.1
52.6
53.0
53.4
53.9
54.2
54.6

70.1
70.7
71.2
71.7
72.3
73.0
73.5
74.0
74.6
75.1
75.7
76.4

80.2
80.7
81.2
81.6
81.9
82.4
82.6
82.9
82.7
82.2
81.9
82.1

339 . 9
341.0
341.7
342.7
343.4
344.6
344.7
346.8
348.3
350.2
353.0
354.6

257.6
260.0
261.8
263.9
265.9
268.2
269.6
271.5
272.9
274.4
276.3
277.3

28.3
28.2
28.2
28.2
28.3
28.3
28.4
28.4
28.5
28.5
28.5
28.6

97.6
98.4
98.5
98.8
99.1
99.9
99.7
100.1
100.7
101.2
102.0
102.1

54.7
55.8
56.9
57.9
58.7
59.6
60.4
61.1
61.2
61.3
61.6
61.8

77.1
77,5
78.2
79.0
79.7
80.4
81.1
81.8
82.6
83.4
84.1
84.8

82.3
81.0
79.8
78.8
77.6
76.4
75.1
75.3
75.3
75.8
76.8
77 1

357.9
359.0
361.1
364.0
366.5
368.9
371.9
373.3
373.9
374.7
375.4
375.5

279.9
280.6
281.9
283.4
285.0
286.4
288.2
288,6
289.2
289.6
290.3
290.6

28.7
28.7
28.8
28.8
29.0
29.0
29.0
29.1
29.0
29.0
28.9
28.9

103.1
103.3
103.8
104.3
104.6
104.7
105.7
105.3
104.9
104.7
104.5
104.1

62.7
62,5
62.6
63.0
63.2
63.6
63.8
63.8
64.1
64.2
64.6
64.7

85.5
86.0
86,7
87,5
88.2
88.9
89.7
90.5
91.2
91.7
92.2
92.9

78.0
78.4
79.2
80.6
81.5
82.5
83.8
84.7
84.7
85.2
85.1
84.8

285.3
286.1
286.4
286.7
288.0
288.3
289.0
290.5
291.6
293.2
294.5
295.3

211.8
212.7
213.6
213.9
215.8
216.6
218.0
219.3
220.2
221.8
223.2
224.0

27.7
27.7
27.6
27.6
27.6
27.5
27.5
27.5
27.4
27.4
27.4
27.4

92.9
93.0
93.1
92,5
93.6
93.7
94.2
94.5
94.9
95.5
96.1
96.3

42.1
42.4
42.7
43.1
43.4
43.6
44.0
44.5
44.5

1955 Jan
Feb
Mar
Apr
May
June
July.
Aug
Sept
Oct.
Nov
Dee

296.9
298.2
298.1
300.2
302.8
304.6
306.5
308.3
310.5
312.5
313.9
315.0

225.5
227.3
227.6
228.6
230.0
230.6
231.7
232.1
233.2
234.0
234.4
235.4

27.4
27.5
27.5
27.5
27.6
27.6
27.7
27.7
27.7
27.8
27.8
27.8

1956 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept......
Oct
Nov
Dec

316.4
317.9
318.2
318.5
319.0
319.7
319.7
320.7
322.3
323.3
324.7
325.8

236.5
237.2
238.1
239.2
239.7
240.8
241.6
242.1
243.4
244.2
245.2
246.2

1957Jan
Feb
Mar
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dec

327.6
329.2
331.0
332.2
333.6
334.7
336.1
337.4
337.7
337.9
338.6
339.3

1958Jan
Feb
Mar
Apr
May
June. . . . .
July
Aug
Sept
Oct
Nov.
Dee
1959 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

For note see end of table.

24

Negotiable
CD's i

Open
market
paper

(8)

(9)

(7)

49.1
49.6
50.2
50.7
51.2
51.8
52.3
52.9
53.5
54.1
54.6
55.2

1954 Jan
Feb. . . . . .
Mar
Apr. . . . . .
May
June
July
Aug.. . . . .
Sept..
Oct
Nov
Dec

Digitized for FRASER


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

U.S. Government
securities

::::::;:::

f
':

20.2
19.7
19.4
20.3
21.5
22.5
23.3
24.6
25.7
27.0
27.9
28.1

50.0
50.0
50.1
50.1
50.2
50.2
50,2
50.3
50.2
50.2
50.2
50.2

28.4
29.0
28.4
27.6
27.6 27.2
26.4
26.8
27.0
27.3
27.8
28.0

50.3
50.3
50.3
50.4
50.4
50.4
50.3
50.3
50.3
50.3
50.2
50.1

28.7
29 . 5
30.1
30.7
31.2
31.9
32.3
32.7
32.6
32.2
32.0
32.3

50.0
49.8
49.6
49.4
49.3
49.2
49.0
48.8
48.7
48.5
48.4
48.3

.6
.6
.6
.6
.5
,5
.5
.4
.4
.4
.4

32.5
31.2
30.1
29.1
28.0
26.9
25.7
25.9
26.0
26.6
27.6
28.2

48.2
48.2
48.1
48.1
48.1
48.0
48.0
47.9
47.9
47.9
47.8
47.8

.3
.3
.2
.2
2
.2
.1
.0
.0
1.0
.9
1 0

29.0
29.5
30.5
32.0
33.1
34.2
35.7
36.8
37.1
37.8
37.8
37.7

47.7
47.6
47,5
47.4
47.2
47.1
46.9
46.8
46.6
46.4
46.3
46.1

1.2
1 i
1.1
1.1
1.2
1.3
1.3
3
.3
.3

'.'.'.'.'.'.'.'.'.'.

'.3

...

.3
3
.3
.4
.4
.4
.4
.5

. .; * .; . .' .

.5

^5

. ,
.

.5
.5
.5

:-.:
".;.::'

:.45
A

.4
.5
.6

. . . . *

. .. . <
(

(11)
49.4
49.3
49.3
49.4
49.4
49.5
49.6
49.6
49.7
49.8
49.9
49.9

.1
1
.1
1.2
1.2
1 2
1,2
1.2

. 1

Savings
bonds

23,0
22. 8
22.4
22.2
21.6
21.0
20.3
20.4
20.5
20.4
20.2
20.2

.1.2:i

. .

Shortterm
marketable
CIO)

MONETARY SYSTEMSUMMARY MEASURES


1.2 LIQUID ASSET HOLDINGS OF PRIVATE DOMESTIC NONFINANCIAL INVESTORS,
MONTHLY, 1948-70 Continued
[Seasonally adjusted monthly averages, in billions of dollars]
Currency and deposits

Other types

Deposits
Month

Total

U.S. Government
securities

Time
Total

Currency

Demand

Nonbank
financial
institutions
(6)

Commercial
banks
(5)

Total

Negotiable
CD's'

Open
market
paper

(8)

(9)

Shortterm
marketable
(10)

1.2
1.5
1.8
2.0
2.1
2.2
2.3
2.5
2.7
2.7
2.8
2.8

38.9
39.7
39.7
39.4
39.0
38.2
37.1
36.4
35.9
35.6
34.8
34.0

45.9
45.8
45.7
45.7
45.6
45.6
45.6
45.6
45.6
45.6
45.7
45.7

Savings
bonds

CD

(2)

(3)

(4)

I960 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec

377.4
378.5
379.4
380.5
380.5
380.7
382.0
383.6
385.1
386.5
387.6
388.2

291.4
291.6
292.2
293.4
293.7
294.7
296.9
299.1
301.0
302.5
304.4
305.7

28.9
28.9
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0

104.2
104.1
104.0
104.1
103.6
103.5
104.1
104.5
104,8
104,6
104.6
104.6

64.7
64.3
64.3
64.6
64.7
65.1
65.9
66.8
67.6
68.4
69.4
69.9

93.6
94.2
94.9
95.6
96.4
97.1
97.9
98,8
99.7
100.6
101.4
102.3

85.9
87.0
87.3
87.1
86,8
86.0
85.1
84.5
84.1
83.9
83.2
82.5

1961 Jan
Feb
Mar.
Apr
May
June .
July
Aug
Sept.
Oct
Nov
Dec

389.3
391.4
392.6
394.7
397.4
399.5
401.6
403.1
404.3
407.3
410.3
412.5

307.5
309.9
310.9
312.8
315.0
316.6
318.2
319.6
321.2
323.1
325.2
326.3

28.9
28.9
28.9
28.9
28.9
28.9
29.0
29.1
29.2
29.4
29.4
29.6

104.8
105.2
105.0
105.1
105.6
105.7
105.5
105.4
105,6
106.0
106.4
106.3

70.6
71.6
72.0
73.0
73.7
74.3
75.0
75.5
75.9
76.3
76.9
77.0

103.2
104.1
105.0
105.8
106.8
107.7
108.7
J09.6
110.5
111.4
112.4
113.4

81.7
81.5
81.7
81.9
82.4
82.9
83.4
83.5
83.1
84.2
85.2
86.2

\2
A
.6
.8
1.0
1.3
1.5
1.8
2.0
2.3
2.7

2.7
2.6
2.4
2.4
2.4
2.5
2.5
2.4
2.3
2.4
2.7
3.1

33.2
33.0
33.0
32.9
33.2
33.3
33.6
33.5
32.8
33.4
33.6
34.0

45.7
45.8
45.9
45.9
46.0
46.0
46.1
46.2
46.2
46,3
46.4
46,5

1962 Jan.
Feb. . .

415.6
417.9
420.9
423.7
425.4
428.3
431.8
435.1
436.4
438.6
441.7
444.5

328.6
330.8
333.5
336.1
337.6
339.5
341.4
343.0
344.7
347.4
349.9
352.3

29.6
29.7
29.8
30.0
30.0
30.1
30.2
30.2
30.3
30.3
30,4
30.6

106.1
105.8
106.1
106.1
106.2
106.3
106.3
106.2
105.8
106.1
106.3
106.5

78.4
79.9
81.2
82.5
83.0
83.7
84.4
85.0
85.9
87.0
88.0
88.8

114.4
115.4
116.4
117.4
118.4
119.4
120.5
121.6
122.8
124.0
125.2
126.4

87.0
87.1
87.4
87.6
87.8
88.8
90.3
92,1
91.6
91.2
91.8
92.2

2,9
3.0
3.2
3.4
3.6
3.8
4.0
4.3
4.5
4.8
5.1
5.3

3.2
3.2
3.1
3.2
3.3
3.4
3.6
3.8
4,0
4.0
4.0
4.0

34.5
34.4
34.5
34.5
34.4
34.9
36.0
37.3
36.3
35.5
35.9
36.1

46.5
46.5
46.6
46.6
46.6
46.6
46.7
46.8
46.8
46.8
46.8
46.9

448.2
451.0
453.9
457.4
461.2
464.4
467.6
471.6
473.8
476.6
480.4
482.5

355.4
357.8
360.5
363.4
366.0
368.3
370.6
372.8
375.0
377.8
381.1
382.3

30.6
30.8
31.0
31.2
31.3
31.5
31.6
31.8
31.9
32.0
32.3
32.5

107.0
107.1
107.5
108.0
108.5
108.7
109.1
109.0
109.1
109.6
110.3
109.8

90.0
90.7
91.5
92.4
93.1
93.8
94.4
95.3
96.1
97.1
98.3
98.6

127.7
129.2
130.5
131.8
133.1
134.3
135.5
136.7
137.8
139.1
140.3
141.4

92.8
93.2
93.4
94.0
95.2
96.1
97.0
98.8
98.8
98.8
99.3
100.2

5.5
5.7
6.0
6.3
6.6
6.9
7.2
7.6
7.9
8.3
8.6
9.0

3.9
4.0
4.1
4.3
4.5
4.7
4.8
4.9
4.8
4.8
4.7
4.8

36.4
36.4
36.1
36.2
36.7
37.0
37.4
38.7
38.3
38.0
38.1
38.5

46.9
47.0
47.1
47.2
47.3
47.4
47.5
47.6
47.7
47.8
47.9
48,0

485.7
488.6
491.5
494.0
497.7
500.8
503.6
506.4
510.3
514.3
517.3
518.4

384.8
387.0
388.9
390.9
393.9
396.8
400.0
403.0
406.4
409.3
412.4
415.1

32.5
32.7
32.9
33.0
33.3
33.5
33.6
33.8
33.9
34.0
34.2
34.3

110.3
110.3
110.4
110.4
111.0
111.2
112.1
112.6
113.4
113.9
114.6
114.6

99.3
100.0
100.4
101.1
101.9
103.0
103.7
104.6
105.7
106.6
107.6
108.9

142.7
144.0
145.1
146.4
147.8
149.1
150.6
152.0
153.4
154.8
156.1
157.3

100.9
101.6
102.6
103.1
103.8
104.0
103.6
103.4
103.8
105.0
104.9
103.4

9.8
10.1
10.3
10.4
10.8
11.0
11.0
11.0
11.2
11.6
11.9
11.6

4.8
5.1
5.5
5.7
5.9
6.1
6.3
6.7
7.0
7.2
7.1
7.1

38.3
38.2
38.6
38.7
38.7
38.5
37.8
37.1
36.9
37.5
37.0
35.7

48.1
48,2
48.2
48.3
48.4
48.5
48.5
48.6
48.7
48.8
48.8
48.9

521.4
524.9
528.5
531.5
532.4
539.2
542.3
546.4
551.1
555.3
559.2
563.2

418.1
421.2
423.5
426.0
425.5
431.3
434.3
437.0
440.6
444.6
448.0
451.5

34.4
34.6
34.7
34.8
34.9
35.0
35.2
35.4
35.7
36.0
36.1
36,3

114.8
115.0
115.4
115.7
113.2
116.6
116.9
116.9
117.7
118.6
118.9
119.6

110.4
112.1 '
113.0
114.0
114.9
116.1
117.5
118.9
120.4
122.0
123.7
125.2

158.4
159.5
160.5
161.5
162.5
163.6
164.7
165.8
166.9
168.1
169.3
170.4

103.3
103.7
105.0
105.5
106.9
108.0
108.0
109.4
110.5
110.6
111.1
111.7

12.7
13.0
13.3
13.5
13.9
14.3
14.4
14.7
15.1
15.6
15.5
15.0

6.9
6.8
6.7
6.7
6.8
7.0
7.1
7.2
7.4
7.6
8.0
8,5

34.7
34.9
35.9
36.1
36.9
37.4
37.2
38.2
38.6
38.0
38.1
38,7

49.0
49.1
49.1
49.2
49.2
49.2
49.3
49.4
49.4
49.5
49.5
49.5

Mar

Apr,
May
June
July. . .
Aug
Sept.
Oct

Nov.
Dec. .
1963 Jan..
Feb
Mar
Apr

May
June
July
Aug

Sept..
Oct

Nov
Dec,

1964 Jan.. .
Feb

Mar
Apr.

May

June. .
July
Aug

Sept.
Oct

Nov
Dec

1965 Jan..
Feb

Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

For note see end of table.

Digitized for FRASER


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

25

(7)

(11)

MONETARY SYSTEMSUMMARY MEASURES


1.2 LIQUID ASSET HOLDINGS OF PRIVATE DOMESTIC NONFINANCIAL INVESTORS,
MONTHLY, 1948-70 Continued
[Seasonally adjusted monthly averages, in billions of dollars]
Other types

Currency and deposits


Deposits
Total

Month

Time
Total

Currency

Demand

CD

(2)

(3)

(4)

Commercial
banks
(5)

1966 Jan
Feb
Mar
Apr. . . .
May
.
June
July . . . .
AUK
Sept
Oct
Nov
Dec

567.7
570.4
572.7
577.6
579.7
581.5
584.2
585.3
588.1
590.1
592.0
593.8

454.8
457.2
459.2
462.4
463.9
465.0
466.1
467.6
470.1
471.0
472.1
474.3

36.6
36.8
36.9
37.1
37.3
37.4
37.6
37.8
37.9
38.0
38.1
38.3

120.6
121.1
121.6
122.8
122.5
122.5
121.8
121.7
122.6
121.9
121.7
121.7

126.3
127.2
127.8
129,3
130.7
131.2
132.6
133.8
134.6
135.4
136.0
137.0

1967Jan
Feb
Mar.

597.0
601.9
605.6
607.4
611.4
615.8
619.9
624.8
630.0
634.5
638.8
643 . 6

477.1
481.6
485.4
488.3
493.7
498.6
503.4
507.6
511.5
515.2
518.2
520.9

38.5
38.7
38.9
39.0
39.1
39.2
39.4
39.5
39.8
39.9
40.0
40.4

121.3
122.8
123.8
122.9
124.3
125.6
126.9
127.8
128.6
129.3
129.7
130.0

1968- Jan.. .
Feb
Mar
Apr
May. . . . .
June
July
Aug
Sept
Oct
Nov
Dec

647.9
652.6
657.1
661.2
666.5
672.4
678.2
683.6
688.0
693,0
698.7
704.6

523.8
527.3
530.2
533.0
536,6
540.2
543.1
547.2
551.3
555.5
560.4
564.5

40.6
40.7
41.1
41.4
41.5
41.8
42.0
42.3
42.6
42.8
43.2
43,4

1969 Jan
Feb
Mar
Apr
May
June
July
Aug.
Sept
Oct.
Nov..
Dec

709.4
714.2
718.2
723,0
724.8
726.1
726.1
728.2
732.3
733.8
735.9
737.5

568.2
571.1
573.6
575.9
577.6
579.8
579.7
579.1
580.3
580.9
582.3
583,1

740.0
741.9
745.7
750.5
753.8
757.0
763.2
767.6
771.9
776.9
781.8
786.9

583.8
583.2
586.3
590.5
594.2
598.3
603.7
610.5
617.5
622.7
628.3
634.4

May. . . .
June
July.
Aug. .
Sept
Oct..
Nov. . ,
Dec

1970Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1

Nonbank
financial
institutions
(6)

Total

Negoti- 1 Open
able
market
CD's i
paper

Shortterm
marketable
(10)

Savings
bonds

(7)

(8)

(9)

171.3
172.2
172.9
173.1
173.4
173.9
174,1
174.4
175.0
175.6
176.3
177.3

112.9
113.2
113.6
115,2
115.9
116.5
118.1
117.7
117.9
119.2
119.9
119.5

15.3
15.4
15.8
16.3
16.5
16.6
16.9
16.7
16.5
15.4
14.5
14.5

8.6
8.6
8.6
8.6
8.6
8,6
8.8
9.0
9.3
9.8
10.3
10,8

138.7
140.2
141.6
143.6
145.7
147.6
149.3
150.9
152.4
154.0
155.3
156.3

178.5
179.8
181.1
182.8
184.6
186.2
187.9
189.4
190.8
192.0
193.2
194.2

119.9
120.3
120.2
119.1
117.7
117.2
116.6
117.2
118.5
119.3
120.6
122.7

16.1
17.3
17.9
17.9
17.8
18.4
18.4
18.8
19.1
18.8
19.0
19.2

11.2
11.5
11.7
11.7
11,6
11.4
11.2
11,0
11.0
11.4
12. 1
12.8

42.4
41.3
40,3
39.0
37.8
36.9
36.3
36.6
37.6
38.2
38,6
39.7

50.2
50.2
50.3
50,4
50,5
50.6
50.7
50.7
50.8
50,9
50.9
51.0

130.7
131.6
131.9
132.5
133.9
135.0
135.6
136.2
137.0
137.9
139.1
140.1

157.4
158.9
160.2
161.1
162.1
163.3
164.4
166,6
168.5
170.4
172.6
174.2

195.1
196.0
197.0
198.0
199.0
200.0
201.0
202.1
203.2
204.4
205.6
206.7

124.1
125.3
126.9
128.2
129.9
132.3
135.1
136,5
136.7
137.5
138.2
140.0

19,3
19.5
19.4
19.0
18.9
18,8
19.8
20.6
21.0
21.6
21.9
22.5

13.2
13.3
13.5
13.9
14.7
15.5
16.4
17.3
18.1
18.6
18.8
IS. 8

40.5
41.5
42.8
44.1
45,2
46.7
47.6
47.2
46.3
45.9
46.1
47.2

51.
51.
51.
51.
51.
51.2
51.3
51,3
51,4
51.4
51.4
51.4

43.6
43.9
44.1
44,2
44.4
44.7
44.9
45.2
45.3
45.6
45.9
46.1

141.3
142.2
142.7
143.5
143.8
144.1
144.4
143.8
144.1
144.3
144.7
144.7

175.4
176.1
176.7
177.4
177.9
178.8
177.7
177.0
177.2
176.9
177.3
177.3

207.8
208.9
210.0 1
210.8
211.5
212.2
212.6
213.1 !
213.7
214.1
214,4
215.0 .

141.2
143.1
144.6
147.0
147.2
146.3
146.5
149.2
152.0
152.9
153.6
154.4

20.8
19.5
18.4
17.8
17.1
15,7
13.8
12.0
10.9
10.0
9.4
9.1

19.3
19.7
20.3
20.9
21.5
22.5
24.0
26.2
28.2
29.2
29.2
28.9

49.6
52.4
54.5
56.8
57.2
56.8
57.4
59.8
61.8
62.6
63.8
65.3

46.3
46.5
46.7
47.0
47.5
47.6
47.9
48.1
48.3
48.5
48.8
49.1

146.1
145.1
146.3
147.7
148.3
148.6
149.1
150.7
152.4
152.5
153.0
153.2

176.4
176.5
177.9
179.5
180.8
183.0
186.1
189.0
191.6
194.2
196.3
199.2

215.0
215.0
215.5
216.4
217.6
219.0
220.6
222. S
225.1
227.6
230.2
232.8

156.2
158.7
159.3
160.0
159.5
158.7
159.5
157.1
154.4
154.2
153.6
152.5

8.4
8.0
8.2
9.8
10.3
10.5
13.6
15.9
18.3
20.0
21.4
23.1

29.8
31.3
32.7
33,6
34.0
33.5
31.9
29.0
26.0
24.5
24.3
24.5

66,9
68.4
67.5
65.7
64.4
63.9
63.2
61.4
59.2
58.6
56.6
53.6

j
]

Negotiable time certificates of deposit.

Digitized for FRASER


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

U.S. Government
securities

26

'

'
]
1

(H)

39.4
39.5
39.5
40.6
41,0
41.5
42.5
42.1
42.2
44.0
45.0
44.1

!
|

49.6
49.6
49.6
49.7
49.8
49.8
49.9
49.9
50.0
50.0
50.0
50.1

51.5
51.5
51.4
51.4
51.4
51.3
5K2
51.2
51.2
51.1
51,1
51.1
51,1
51.0
51.0
50.9
50.9
50.8
50.8
50,9
51,0
51.1
51.2
51.3

MONETARY SYSTEMSUMMARY MEASURES


1.3

PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF COMMERCIAL BANKS,


VARYING DATES, 1941-70
[Single-date figures; amounts in millions of dollars]

Loans and investments

Date
Total

U.S.
Govt.
Loans obligations

Deposits

Other
securities

Total
assets
Total
liaCash bilities
and
assets
capital Total
accounts1

1941 June 30,.


Dec. 31..

47,627
50,746

20,355 20,114
21,714 21,808

7,159 25,792
7,225 26,551

75,295
79,104

67,500
71,283

1942June 30..
Dec. 31..

53,652
67,393

20,265
19,221

6,976 24,822
6,793 28,039

80,207
97,091

72,312
89,135

26,411
41,379

Interbank

Other
Borrowings

Demand
Demand

Time

Time
U.S.
Govt.

Total Numcapital
ber
acof
counts banks

Other

10,936
10,982

40,565
44,349

15,999
15,952

15
23

7,106
7,173

14,305
14,278

10,273
11,308

46,373
61,431

15,665
16,395

16
13

7,237
7,330

14,228
14,136

1943_June 30. . 76,633


Dec. 31.. 85,095

17,665 52,454
19,117 59,842

6,514 25,943 104,210 96,080


6,136 27,677 114,350 105,923

10,883
11,003

67,566
75,569

17,632
19,350

28
49

7,501
7,719

14,073
14,034

1944June 30.. 95,731


Dec. 30.. 105,530

21,010 68,431
21,644 77,557

6,290 27,629 124,904 116,133


6,329 30,206 137,237 128,072

11,219
12,235

83,588
91,653

21,326
24,184

86
123

7,982
8,265

14,009
13,992

1945__june 30. . 114,505


Dec. 31.. 124,019

23,672
26,083

84,069 - 6,764 30,127 146,094 136,607


90,606 7,331 34,806 160,312 150,227

12,605
14,065

96,725
105,921

27,276
30,241

69
219

8,618
8,950

14,000
14,011

1946June 29.. 119,448


Dec. 31.. 113,993

27,130 84,473
31,122 74,780

7,845 32,378 153,321 142,890


34,223 149,718 139,033
8,091

12,311
12,656

98,043
92,446

32,536
33,930

87
45

9,352
9,577

14,026
14,044

1947_june30.. 112,756
Dec. 31.. 116,284

33,679 70,539
38,057 69,221

8,538 32,704 146,975 135,907


9,006 37,502 155,377 144,103

11,679
240
12,792

89,281
94,367
1,343

34,947
35,360

63
65

9,880
10,059

14,183
14,181
14,185
14,193
14,197
14,198
14,194
14,187
14,185
14,187
14,138
14,180
14,177
14,171

1948 Jan, 28..


Feb. 25..
Mar. 31..
Apr. 28..
May 26..
June 30. .
July 28.,
Aug. 25..
Sept. 29..
Oct. 27. .
Nov. 24..
Dec. 31..

116,600
115,540
113,600
114,340
114,570
113,855
1 14,760
115,100
113,600
114,120
114,220
114,298

38,240
38,660
38,860
38,850
39,520
39,865
40,140
40,630
41,720
41,640
42,320
42,488

69,350
67,930
65,470
66,270
65,870
64,798
65,310
65,100
62,460
63,260
62,780
62,622

9,010
8,950
9,270
9,220
9,180
9,192
9,310
9,370
9,420
9,220
9,120
9,189

33,640
33,660
32,590
32,630
32,180
34,168
33,240
33,110
36,000
36,820
36,680
38,596

151,910
150,910
147,870
148,700
148,580
149,799
149,840
150,090
151,360
152,710
152,710
154,702

140,350
139,180
135,960
136,910
136,550
138,142
137,880
138,110
139,240
140,720
140,340
142,843

11,750
11,220
10,670
10,640
10,380
11,178
11,030
10,960
11,020
11,390
11,280
11,997

250
250
250
260
260
258
260
260
260
260
260
272

1,220
1,660
2,290
2,360
2,250
2,072
2,290
2,280
2,660
2,210
2,130
2,338

91,790
90,460
87,150
88,040
88,080
88,734
88,500
88,840
89,470
91,030
91,050
92,316

35,340
35,590
35,600
35,610
35,580
35,899
35,800
35,770
35,830
35,830
35,620
35,920

280
340
460
240
310
66
290
270
350
190
480
56

10,110
10,150
10,170
10,200
10,290
10,287
10,340
10,390
10,420
10,460
10,480
10,480

1949 Jan. 26,.


Feb. 23, .
Mar, 30..
Apr. 27. .
May 25..
June 30..
July 27. .
Aug. 31..
Sept. 28,.
Oct. 26..
Nov. 30..
Dec. 31..

114,470
113,410
112,500
112,510
113,440
113,773
114,770
117,930
118,530
119,480
119,700
120,197

42,450
42,030
42,370
41,320
40,930
41,025
40,510
41,190
41,680
41,780
42,660
42,965

62,970
62,240
60,880
61,950
63,170
63,220
64,440
66,710
66,700
67,560
66,910
67,005

9,050
9,140
9,250
9,240
9,340
9,528
9,820
10,030
10,150
10,140
10,130
10,227

36,130
36,030
34,240
34,030
32,820
34,166
32,600
31,920
31,630
32,450
32,680
35,650

152,360
151,280
148,470
148,300
148,060
149,699
149,120
151,700
151,880
153,680
154,280
157,677

140,040
139,010
136,070
135,910
135,650
137,520
136,480
138,830
139,170
141,150
141,330
145,174

11,400
10,670
10,230
10,040
10,100
10,608
10,610
10,930
10,950
11,400
11,260
12,388

260
260
260
270
330
330
350
330
340
340
340
321

1,910
2,920
3,280
1,990
1,790
2,145
1,330
2,940
3,580
3,450
3,060
3,074

90,570
89,170
86,170
87,410
87,200
87,983
87,870
88,330
88,030
89,710
90,750
93,062

35,900
35,990
36,130
36,200
36,230
36,455
36,320
36,300
36,270
36,250
35,920
36,328

440
340
420
380
340
30
540
670
380
170
450
20

10,550 14,168
10,560 14,159
10,620 14,162
10,650 14,162
10,660 14,161
10,780 14,150
10,760 14,154
10,830 14,157
10,880 14,160
10,930 14,159
11,050 14,154
10,967 14,156

1950Jan. 25..
Feb. 21,,
Mar. 29..
Apr. 26. ,
May 31.,
June 30. .
July 26,.
Aug. 30. .
Sept. 27..
Oct. 25,,
Nov. 29..
Dec. 30. .

121,230
120,600
120,300
120,330
121,160
121,767
122,320
123,300
123,560
124,450
125,380
126,675

42,940
43,130
43,650
43,800
44,080
44,796
45,980
47,270
48,930
49,850
51,510
52,249

67,980
67,070
65,810
65,540
66,100
65,751
64,950
64,230
62,540
62,520
61,740
62,027

10,310
10,400
10,840
10,990
10,980
11,221
11,390
11,800
12,090
12,080
12,130
12,399

32,750
32,870
31,410
31,880
32,540
33,268
33,460
33,330
34,270
34,700
35,160
40,289

155,780
155,230
153,400
153,900
155,560
156,908
157,690
158,680
159,680
161,060
162,500
168,932

143,080
142,440
140,270
140,820
142,070
143,827
143,940
144,950
145,840
147,280
148,190
155,265

11,730
11,370
10,930
10,930
10,780
11,039
10,900
10,940
11,110
11,910
11,850
13,577

320
320
300
310
350
396
410
430
430
430
460
462

91,580
3,160
4,010 90,290
4,140 88,260
3,050 89,760
91,140
3,010
3,622 91,863
3,410 92,630
3,650 93,530
3,440 94,500
2,920 95,670
2,800 97,010
2,806 101,917

36,290
36,450
36,640
36,770
36,790
36,907
36,590
36,400
36,360
36,350
36,070
36,503

310 10,980
280 11,020
510 11,080
410 11,090
530 11,250
46 11,387
610 11,420
390 11,470
420 11,500
260 11,580
660 11,620
90 11,590

1951 Jan. 31..


Feb. 28..
Mar. 28..
Apr. 25,.
May 30, .
June 30. .
July 25..
Aug. 29..
Sept. 26..
Oct. 31..
Nov. 28..
Dec. 31..

125,050
125,010
125,740
125,390
125,060
126,045
126,070
127,030
128,550
130,480
131,860
132,610

52,710
53,540
54,420
54,350
54,460
54,821
54,590
55,160
55,960
56,750
57,270
57,746

59,980
59,060
58,770
58,470
58,110
58,521
58,720
59,140
59,690
60,850
61,630
61,524

12,360
12,410
12,550
12,570
12,490
12,703
12,760
12,730
12,900
12,880
12,960
13,339

36,950
37,870
36,560
36,660
36,220
37,384
36,920
36,300
38,170
39,650
39,160
44,645

163,990
164,960
164,210
164,050
163,400
165,501
165,040
165,520
168,700
172,270
173,180
179,465

149,230
150,440
149,650
149,600
148,570
151,457
150,560
150,570
153,870
157,060
157,540
164,840

11,640
11,580
11,100
11,250
10,870
11,421
11,830
11,630
12,220
12,880
12,710
14,536

580
580
530
490
480
525
560
570
590
610
620
550

2,610 98,170
4,060 97,970
6,170 95,470
5,620 95,800
4,620 96,100
96,381
6,126
4,350 96,780
3,860 97,230
4,880 98,7701
3,490 102.310
3,580 103,090
3,359 108,259

36,230
36,250
36,380
36,440
36,500
37,004
37,040
37,280
37,410
37,770
37,540
38,137

For notes see end of table.

Digitized for FRASER


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

27

1,150
870
910
640
940
75
450
720
590
730
1,010
34

11,610
11,630
11,660
11,130
11,770
11,951
11,980
12,060
12,090
12,200
12,200
12,216

14,158
14,152
14,151
14,153
14,143
14,144
14,135
14,127
14,129
14,129
14,130
14,121
14,116
14,110
14,120
14,117
14,114
14,107
14,108
14,105
14,105
14,102
14,096
14,089

MONETARY SYSTEMSUMMARY MEASURES


1.3

PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF COMMERCIAL BANKS,


VARYING DATES, 1941-70Continued
[Single-date figures; amounts in millions of dollars]
Deposits

Loans and investments

Date
Total

Loans

U.S.
Govt.
obligations

Other
securities

Total
assetsTotal
liaCash bilities
Total
and
assets
capital
ac- !
counts

Interbank

Other
Demand

Demand

U.S.
Govt.

Other

2,530 104,300
3,630 102,580
5,560 101,300
4,230 102,410
4,090 , 102,2801
5,S37( 103,385
6,700 102,440
5,900 102,090
6,180 103,140
5,000 105,770
6,?20! 107,440
4994ij 111,659

38,260
930 12,240
38,5 10j 1,080 12,280
38,750!
470 12,340
38,930 1,050 12,460
39,150 1,220 12,500
39,615
94 12,601
39,680] 1,770 12,580
39,890 1,400 12,630
40,070
920] 12,720
40,410
1,720 12,800
40,300 1,960 12,820
41,012
188 12,888

14,086
14,086
14,077
14,073
14,079
14,070
14,076
14,074
14,070
14,062
14,057
14,046

740
730
760
790
810
846
860
9001
900
,050
,130
,167

3,920
5,100
5,530
2,560!
2,600
3,634|
7,170
6,680
5,870
3,440
5,410
4,146

107,260
106,150
104,550
105,150
104,330i
105,718
104,120
104,130
106,190
107,780
(08,030
1 12,604

41,080
41,320
41,550
41,780 i
42,050
42,581
42,630
42,790
43,130
43,530
43,250
43,997

1,710
1,480
1,520
1,4801
1,420
113
1,160
1,200
640'
1,030
1 ,290
62

12,890
12,950
12,980
13,070
U,180.
U,275(
13,290
13,350
13,520
13,570
13,630
13,559

14,042
14.035
14,028
14,018
14,018
14,009
14,006
14,004
13,997
1 3,990
13,982
13,981

13,480
12,9101
13,070l
12,750
12,520
13,798
13,180
13,420
13,680
13,970
13,870
15,050

,230
,300
,420
,510
,590
,699
,760
,790
,790
,700
,700
,759

3,110
4,220
5,060
4,190
4,810
5,591
3,580
5,140
4,120
5,730
6,620
4,172

109,470
107,500
104,860
105,950
105,780
106,996
106,960
106,240
108,970
110,870
112,490
116,567

44,070
44,340
44,810
45,000
45,380
45,983
46,290
46,540
46,740
47,030
46,600
47,209

520
1,010
230
630 I
960
55
750
760
610
760 :
790
31

13,600
13,700'
13,750
13,870
13,930
14,038
14,060
14,120
14,200
14.420
14,640
14,576

13,982
13,960
13,954
13,944
13,940
13,937
13,929
13,919
13,909
13,895
13,879
13,840

181,590
179,240
176,460
179,500
177,990
181,516
180,470
180,200
180,990
182,640
184,020
192,254

13,430
12,790
12,920
12,870
12,330
13,483
12,730
12,840
12,940
12,960
13,010
15,058

,800
,760
,750
,700
,690
,759
,760
,730
,760
,750
,770
,585

3,470 115,710!
4,260 113,120
4,070 110,150
4,610 112,710
5,130 111,060
5,078 112,983
5,740 112,190
4,860 1 12,440
4,220 113,640
4,530 1 14,860
4,210 116,930
3,709| 123,187

47,180
47,310
47,570
47,610
47,780
48,214
48,050,!
48,330
48,430
48,540
48,100
48,715

970
,090
,490
,290
,390
150
,500
,200
,2802
,460
,480
159

14.650
14.730
14,680
14,770
14,890
14,906
14,980
15,100
15,110
15300
15,390
15,300

13,833
13,824
13,803
13,786
13,784
13,781
13,776
13,763
13,759
13,742
13,737
13,716

202,730
202,040
202,980
203,070
202,780
205,712
202,690
204,090
207,160
208,430
209,930
217,460

182,720
181,670
182,440
182,330
181,980
186,326
181,980
183,150
185,690
186,990
188,370
197,515

13,040
12,640
12,780
12,750
12,180
13,626
13,020
12,900 1
13,480
13,770
13,770
16,133

,510
,420
,430
,470i
,510
,613
,540
,560
,590i
,610'
,590
,460

2,010
3,640
6,170
4,110
5,450
5,232
3,290
5,460
5,110
3,480
4,930
3,733

117,550
115,090
112,870
114,860
113,520
115,824
114,110
113,020
115,110'
117,560
118,110
125,282

48,610! 1,590 15,340 13,723


48,880 1,630 15,510 13,703
49,190 1,810 15,550 13,702
49,140
,870 15,7101 13,697
,740 15,H20 13,691
49,320
50,030
354 15,927 13,679
50,020
,580 15,940 13,677
50,210
,480 16,040; 13,680
,620 16,280' 13,679
50,400
50,570
,450 16,330 13,667
49,970
,3901 16,400 13,659
50,908
75 16,302 13,640

207,290
207,680
207,230
210,160
209,600
210,710
211,310
211,250
211,590
213,840
214,220
222,696

185,930
185,940
185,440
188,460
187,370
188,880
189,710
188,680
188,930
190,740
191,050
201,326

12,720
12,820
13,0 1 Oj
13,040';
12,200
12,900
13,510
12,970
13,350
13,240
13,090
15,636

,460
,460
,4701
,410'
,500
,480
,440
,400;
,450
,470
,460
1,385

1,620
2,510
3,510
4,050
5,040
4,490
3,390
4,130
3,580
3,1801
3,040
3,898J

113,570
117,040
114,520
116,690
114,740
115,660
116,660
115,1201
115,130
117,070
118,160
123,967

51,560
52,110
52,930!
53,270
53,890
54,350
54,710
55,060
55,420
55,780
55,300
56,440

1952=Jan. 30..
Feb. 27. .
Mar. 26..
Apr. 30. .
May 28..
June 30..
July 30..
Aug. 27..
Sept. 24..
Oct. 29. .
Nov.26..
Dec. 31,.

132,770
132,240
132,530
132,340
133,060
134,437
136,760
136,550
137,090
139,440
141,660
141,624

57,510
57,590
57,840
58,220
58,520
59,233
59,720
60,210
61,200
62,410
63,400
64,163

61,990
61,260
61,120
60,450
60,700
61,178
62,900
61,960
61,610
62,860
64,090
63,318

13,270
13,390
13,570
13,670
13,840
14,026
14,140
14,380
14,280
14,170
14,170
14,143

39,070
38,970
39,380
39,220
38,530
40,702
39,260
38,380
40,130
40,400
41,820
44,666

174,010
173,520
174,020
173,800
173,890
177,415
178,250
177,210
179,400
182,080
185,790
188,603

158,410
157,620
158,810
157,910
157,720
162,348
161,560
160,770
163,260
164,990
168,340
172,931

12,780
12,360
12,650
11,790
11,630
12,897
12,110 1
12,260
13,220
13,120
13,140
14,575

540
540;
550
550
570
614
630
630
650
690
740!
744

1953=Jan. 28..
Feb. 25..
Mar. 25..
Apr. 29..
May 27..
June 30..
July 29..
Aug. 26. .
Sept. 30..
Oct. 28..
Nov.25..
Dec. 31..

140,780
140,100
140,000
138,520
138,100
137,957
143,190
143,130
142,990
143,970
145,530
145,687

63,860
64,070
65,170
65,280
65,440
65,025
65,630
66,040
66,260
67,120
67,250
67,593

62,760
61,900
60,520
58,890
58,310
58,644
63,220
62,590
62,200
62,340
63,720
63,426

14,160
14,130
14,310
14,350
14,350
14,287
14,340
14,500
14,530
14,510
14,560
14,668

39,920
40,500
39,420
38,560
38,450
41,156
38,420
38,260
40,640
40,100
40,710
44,828

182,960
182,870
181,570
179,320
178,870
181,425
183,940
183,790
186,080
186,480
188,720
193,010

165,780
165,830
164,530
162,180
161,630
165,531
166,880
166,520
169,090
169,050
170,920
176,702

12,780
12,530
12,140
11,900
11,840
12,752
12,100
12,020
13,000
13,250
13,100 !
14,788

1954^Jan. 27..
Feb. 24. .
Mar. 31..
Apr. 28..
May 26..
June 30. .
July 28..
Aug. 25..
Sept. 29..
Oct. 27. .
Nov. 24..
Dec. 31..

145,330
144,900
142,790
144,110
145,690
146,383
147,280
149,490
150,580
154,010
155,710
155,916

66,460
66,870
67,050
66,750
67,120
67,337
67,290
66,450
67,250
67,740
69,450
70,619

64,160
63,030
60,650
62,130
63,280
63,508
64,340
67,300
67,330
70,160
70,110
68,981

H,710
15,000
15,090
15,230
15,290
15,538
15,650
15,740
16,000
16,110
16,150
16,316

40,330
40,290
40,490
39,830
39,330
41,569
39,260
38,540
39,670
40,720
41,260
43,559

188,150
187,670
185,740
186,520
187,670
190,585
189,190
190,670
192,900
197,480
199,720
202,378

171,360
170,270
169,220
169,400
170,080
174,068
171,770
173,130
175,300
179,300
181,280
184,757

195S~-Jan. 26..
Feb. 23..
Mar. 30..
Apr. 27. ,
May 25,.
June 30..
July 27..
Aug. 31..
Sept. 28. .
Oct. 26. .
Nov. 30..
Dec. 31..

156,250
154,820
153,490
155,540
155,570
155,264
156,990
156,680
157,260
158,860
159,390
160,881

70,550
71,180
72,310
72,920
73,850
75,183
76,570
77,340
78,390
79,210
81,390
82,601

69,000
66,800
64,180
65,630
65,000
63,271
63,700
62,490
62,020
62,860
61,370
61,592

16,700
16,840
17,000
16,990
16,720
16,809
16,720
16,850
16,850
16,790
16,630
16,688

41,080
40,470
39,250
39,920
38,700
41,025
39,790
39,680
40,190
40,590
41,580
46,838

200,270
198,250
195,700
198,540
197,210
199,249
199,710
199,340
200,350
202,410
204,100
210,734

1956=~Jan. 25..
Feb. 29..
Mar. 28..
Apr. 25..
May 30. .
June 30. .
July 25..
Aug. 29..
Sept. 26..
Oct. 31..
Nov. 28..
Dec. 31..

159,410
158,350
159,930
160,080
1 59,690
160,008
159,580
161,030
1 62,030
162,540
163,970
165,123

81,980
82,540
84,690
85,290
85,960
86,887
87,140
87,470
88,480
88,780
89,510
90,302

60,900
59,170
58,600
58,150
57,310
56,620
56,190
57,170
56,950
57,450
58,200
58,552

16,530
16,640
16,640
16,640
16,420
16,502
16,250
16,390
16,600
16,310
16,260
16,269

40,260
40,530
39,940
39,880
39,970
42,444
39,920
39,730
41,700
42,360
42,390
48,720

J 957Jan. 30..
Feb. 27. ,
Mar. 27..
Apr. 24..
May 29..
June 26. .
July 31..
Aug. 28..
Sept. 25..
Oct. 30..
Nov. 27,.
Dec. 31..

162,810
162,490
162,860
165,120
165,070
165,600
165,380
1 65,900
166,320
167,900
167,270
170,068

88,930
89,340
90,630
90,990
91,180
93,280
92,340
92,840,
93,4001
92,970,
92,940!
93,899

57,710
56,830
55,740
57,460
57,070
55,500
56,280
56,170
55,870
57,310
56,910
58,239

16,170
16,320
16,490
16,670
16,820
16,820
16,760
16,890
17,050
17,620!
17,420
17,930

40,800
41,510
40,700
41,260
40,770
41,380
42,040
41,320
41,260
41,790
42,800
48,428

For notes sec end of table.

Digitized for FRASER


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

Time

Time

BorTotal Xu turow- capital


ber
ings ' acof
counts bunks

28

,490
,670
,8301
,550
,910
,690
,220
,750
,690
1,790
1,710
77 .

16,380
16,500
16,520
16,580
16,680
16,750
16,970
17,090
17,140
17,380i
17,440
17,368

13,636
13,631
13,633
13,628
13,619
13,613
13,610
13,608
13,603
13,588
13,578
13,568

MONETARY SYSTEMSUMMARY MEASURES


1.3 PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF COMMERCIAL BANKS,
VARYING DATES, 1941-70Continued
[Single-date figures; amounts in millions of dollars]
Loans and investments

Date
Total

U.S.
Govt.
Loans obligations

Other
securities

Cash
assets

Total
assetsTotal
liabilities
and
capital Total
accounts1

Deposits
Interbank

Demand

Other
Demand

Time

U.S.
Govt.

Other

Borrowings

Total
capital
accounts

Number
of
banks

Time

1958Jan. 29
Feb. 26
Mar. 26
Apr. 30
May 28
June 23
July 30
Aug. 27
Sept. 24
Oct. 29
Nov. 26
Dec. 31

167,650
168,580
171,410
175,560
175,440
179,905
177,600
179,990
179,510
181,670
184,050
185,165

92,020
92,090
92,980
93,450
92,900
95,571
93,610
93,760
94,230
94,970
96,060
98,214

57,700
58,260
59,550
62,830
63,140
64,194
64,130
66,060
64,720
66,170
67,660
66,376

17,930
18,230
18,880
19,280
19,400
20,140
19,860
20,170
20,560
20,530
20,330
20,575

41 ,070 213,050 190,470


41,340 214,320 191,480
41,290 217,090 194,400
42,850 222,870 199,850
41,120 220,840 197,590
43,507 227,847 204,335
41,880 223 ,970 200,920
41,270 225,620 201,840
41,330 225,260 201 ,050
42,160 228,130 203,990
44,310 232,700 207,570
48,990 238,651 216,017

13,130
13,000
13,260
13,930
13,530
13,789
14,290
14,150
14,010
14,000
13,590
15,799

1,700
2,130
2,300
2,390
2,450
2,495
2,390
2,380
2,400
2,340
2,360
2,372

2,150
3,500
5,560
5,180
5,420
9,205
4,000
5,490
4,220
3,440
5,600
4,250

116,650
115,010
114,180
118,160
115,230
117,086
117,590
116,800
117,430
121,030
123,580
130,104

56,840
57,840
59,100
60,190
60,960
61 ,759
62,650
63,020
62,990
63,180
62,440
63,493

,150
,070
900
,000
,110
,136
810
,300
,560
,400
2,150
73

17,470
17,580
17,710
17,810
17,920
18,178
18,190
18,310
18,410
18,470
18,550
18,486

13,561
13,556
13,558
13,551
13,545
13,535
13,521
13,517
13,515
13,509
13,514
13,501

1959Jan. 28
Feb. 25
Mar. 25
Apr. 29
May 27
June 24
July 29
Aug. 26
Sept 30
Oct. 28
Nov. 25
Dec. 31

185,620
183,840
182,940
185,740
185,810
185,920
187,660
188,190
187,790
188,380
188,280
190,270

97,710
97,890
99 , 190
101,210
102,440
104,450
105,940
107,370
107,830
108,160
109,470
110,832

67 , 530
65 , 520
63,160
63,630
62,620
60,860
61,110
60,290
59,230
59,620
58,480
58,937

20,380
20,430
20,590
20,900
20,750
20,610
20,610
20,530
20,730
20,600
20,330
20,501

42,400 232,470 207,960


42,740 230,900 205,760
41,380 228,710 203,850
42,550 232,830 207,800
41,760 232,100 206,670
41,930 232,380 206,630
41,570 233,870 208 , 1 30
41,430 234,170 207,910
43,910 236,500 211,480
43,330 236,440 210,200
44,150 237,210 210,210
49,467 244,686 219,903

13,110
12,850
13,030
12,850
12,750
12,870
12,630
12,900
13,700
13,150
13,200
15,649

2,410
2,290
2,340
2,360
2,230
2,030
1,990
1,910
1,780
1,710
1,610
1,441

4,490
4,150
3,590
4,280
4,890
4,420
4,680
5,720
6,140
5,190
4,400
5,050

124,210
122,490
120,450
123,440
121,510
121,570
123,220
121,460
123,830
124,320
125,930
131,593

63 ,740
63,980
64,440
64,870
65,290
65,740
65,610
65,920
66,030
65,830
65,070
66,169

1,770
2,210
2,050
2,090
2,240
2,710
2,580
2,770
1,410
2,480
2,860
615

18,570
18,620
18,730
18,890
18,990
19,030
19,170
19,340
19,440
19,500
19,590
19,556

13,512
13,504
13,494
13,491
13,482
13,479
13,476
13,486
13,478
13,478
13,476
13,474

I960 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

27
24
30
27
25
29
27
31
28.....
26.....
30...-.
31.....

187,780 109,550
186,540 110,250
185,680 111,390
188,810 112,950
188,580 113,630
188,900 114,840
190,890 114,170
191 ,240 114,660
193,270 115,430
195,580 114,790
195,490 115,010
199,509 117,642

57,980
56,170
54,160
55,830
55,140
54,210
56,700
56,580
57,690
60,390
60,180
61,003

20,250
20,120
20,130
20,030
19,810
19,850
20,020
20,000
20,150
20,400
20,300
20 t 864

42,470 235,280 208,650


42,780 234,300 206,810
41 ,780 232,590 204,350
42,610 236,480 208,080
41,360 234,980 206,090
42,880 237,040 209,010
43,010 239,270 210,420
43,080 240,000 210, Z40
43,710 242,530 213,520
45,100 246,290 216,580
46,110 247,290 218,230
52,150 257,552 229,843

12,920
12,710
12,680
12,520
12,210
13,300
13,070
13,500
13,670
14,180
15,600
17,079

1,390
1,290
1,270
1,470
1,490
1,440
1,480
1,610
1,670
1,690
1,740
1,799

3,540
4,480
4,410
4,480
6,880
7,060
6,230
5,440
7,390
5,970
5,360
5,945

125,290
122,690
119,690
123,090
118,690
119,540
121,430
120,570
121,100
124,420
125,260
133,379

65,510
65 , 640
66,300
66,520
66,820
67,670
68,210
69,120
69,690
70,320
70,270
71,641

2,340
2,820
3,290
3,000
3,180
2,170
2,590
2,920
2,050
2,480
1,330
163

19,650
19,730
19,860
19,960
20,110
20,280
20,380
20,580
20,660
20,810
21,000
20,986

13,480
13,482
13,482
13,480
13,486
13,485
13,484
13,483
13,485
13,474
13,470
13,472

1961Jan.
Mar.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

25.....
1
29
26
31
30
26
30
27
25
29
30

197,020
199,300
197,990
199,720
201,160
201,848
205,070
205,120
209,910
210,290
211,250
215,441

114,210
116,720
116,640
117,180
117,850
117,953
118,070
118,450
120,520
120,470
121 ,670
124,925

61,880
61,310
59,670
60,740
61,450
61,824
64,740
64,160
66,130
66,630
66,210
66,578

20,930
21 ,270
21,680
21,800
21,860
22,071
22,260
22,510
23,260
23,190
23,370
23,937

43,810 246,590 218,530


45,430 250,430 220,760
42,040 246,020 216,330
43,400 249,040 219,390
44,090 251,240 221,180
45 , 595 253,749 224,997
43,320 254,480 224,790
42,370 253,580 222,870
44 , 1 30 260,560 229,080
45 , 320 261,910 231,050
46,130 263,510 232,070
56,432 278,561 248,689

15,020
14,420
13,660
13,500
13,500
13,633
13,620
13,340
13,930
14,530
14,920
17,914

1,800
1,800
1,820
1,900
430
461
460
460
470
480
470
481

3,320
5,830
4,160
2,010
4,790
6,362
5,550
5,340
8,160
5,680
5,460
5,946

126,350
125,090
122,170
126,660
124,230
125,161
125,350
123,190
125,420
128,640
129,730
141,920

72,040
73,620
74 , 520
75,320
78,230
79,380
79,810
80 , 540
81,100
81 ,720
81,490
82,429

600
1,860
1,880
1,750
1,740
443
1,230
1,880
2,230
1,830
1,830
471

21,100
21,170
21,170
21 ,200
21,490
21 ,745
21,680
21,870
22,250
22,060
22,290
22,459

13,472
13,464
13,463
13,460
13,461
13,463
13,459
13,454
13,451
13,437
13,433
13,432

1962 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

31
27
28
25
30
30
25
29
26
31
28
28. . .

213,730
214,260
215,180
217,390
217,960
220,670
220,410
222,140
225,270
728,560
229,260
235,839

122,420
123,780
125,380
126,610
127,480
129,193
128,730
130,430
132,840
134,400
134,840
140,106

67,240
66,030
64,440
64,650
64,400
64,443
64,180
63 , 850
64,250
65,550
65,600
66,434

24,070
24,450
25,360
26,130
26,080
27,034
27,500
27,860
28,180
28,610
28,820
29,298

46,910 267,400 235,560


47,670 268 , 540 236,350
44,680 266,340 234,430
45,390 269,180 237,200
45 , 390 269,690 237 , 580
48,728 276,220 245,298
44,600 271,520 239,640
44,670 273,230 240,050
46,630 278,400 245,480
49,690 284,890 251 ,470
47,450 283,310 249,680
54,049 297,116 262,122

14,190
14,110
13,750
13,730
13,200
14,400
13,830
13,840
14,530
15,260
15,190
16,008

480
510
510
520
520
525
520
510
510
520
520
535

4,910
5,090
6,260
3,920
7,170
9,080
5,530
7,450
8,090
6,380
6,090
6,829

131,500
130,510
125,920
130,120
126,310
128,785
127,450
124,900
128,100
133,970
132,280
141 ,041

84,480
86,130
87,990
88,910
90,380
92,507
92,310
93,350
94,250
95,340
95,600
97,709

2,200
2,310
2,420
2,360
2,070
786
1,930
2,750
2,610
2,780
2,500
3,627

22,500
22,570
22,630
22,750
22,930
23,183
23,020
23,200
23,330
23,560
23,680
24,094

13,943
13,428
13,417
13,407
13,414
13,422
13,419
13,421
13,417
13,414
13,427
13,432

232,040
233,620
234,860
234,920
236,490
241,014
240,980
240,380
244,840
246,080
249,070
254,162

136,340
138,410
139,360
139,540
141,750
145,049
145,560
145,800
148,870
149,670
152,650
156,006

66,200
65,270
64,840
64,010
63,010
63 , 542
62,480
60,870
61,810
61 ,960
62,300
63,196

29 , 500
29,940
30,660
31,370
31,730
32,423
32,940
33,710
34,160
34,450
34,120
34,959

45,970 285,050 251,270


47 , 540 288,210 253,470
45,640 287 , 590 252,960
46,460 288,580 253,490
46,880 290,510 255,280
51,156 299,875 266,179
48,340 296,710 261,650
45,390 293,000 257,340
48,080 300,250 264,560
47,950 301,460 264,910
50,470 307 ,060 269,280
50,711 312,773 275,120

14,100
14,140
13,800
13,910
13,730
15,042
14,000
13,800
14,510
14,790
14,880
15,267

520 4,320 133,050 99,280


520 6,440 131,610 100,760
520 7,330 128,890 102,420
560 3,760 132,000 103,260
540 6,820 129,480 104,710
550 11,060 133,624 105,902
530 7,130 133,190 106,800
530 5,870 129,270 107,870
550 8,850 132,320 108,330
550 3,610 135,780 110,180
550 4,390 139,040 HO, 420
526 6,729 141,534 111,064

2,670
3,070
3,100
3,270
3,060
1,545
2,960
3,240
2,930
3,690
4,430
3,664

23,840
24,010
24,070
24,180
24,360
24,582
24,520
24,600
24,720
24,920
25,000
25,677

13,440
13,443
13,451
13,456
13,472
13,482
13,503
13,515
13,524
13,540
13,558
1 3 , 570

1963 Jan. 30
Feb. 27
Mar. 27
Apr. 24
May 29
June 29
July 31
Aug. 28
Sept. 25
Oct. 30
Nov. 27
Dec. 20

For notes see end of table.

Digitized for FRASER


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

29

MONETARY SYSTEMSUMMARY MEASURES


1.3 PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF COMMERCIAL BANKS,
VARYING DATES, 1941-70Continued
[Single-date figures; amounts in millions of dollars]
Loans and investments

Date
Total

U.S.
Govt.
Loans obligations

Other
securities

Total
assetsTotal
liaCash bilities
and
assets
capital Total
accounts1

Deposits
Interbank

_ , __
Demand

Other

Borrowings

Total Numcapital
ber
acof
counts banks

2,820137,420 113,900
5,730 133,790 115,020
7,870 133,450 116,090
4,180 136,570 117,310
7,200 133,030 118,630
10,257! 139,110 119,587
5,110 135,640' 120,500
6,040 134,710 121,410
9,200 141,090 122,380
4,770 141 ,390 123,850
7,090 143, 130! 124,190
6,510 155,184 126,719

3,230
3,320
3,270
3,560
3,560
2,099
3,950;
3,540
2,760
3,940
4,500
2,679

25,380
25,670
25,750
26,080
26,380
26,768
26,590
26,760
27,110
27 , 240
27,380
27,795

13,586
13,604
13,614
13,633
13,647
13,669
13,689
13,697
13,724
13,736
13,746
13,761

Demand
Time
U.S.
Govt.

570
590
630

Other

Time

1964Jan. 29
Feb. 26
Mar. 25
Apr. 29
May 27
June 30
July 29
Aug. 26
Sept. 30
Oct. 28
Nov. 25
Dec. 31

249 ,790
250,590
253,880
254,590
255,720
260,179
258,640
260,330
266,180
266 , 600
271,120
277,376

153,050
54,000
56,810
58,660
60,860
64,463
163,840
164,400
167,670
167,220
170,330
175,589

62,140
61,540
61,500
60,120
59,110
59 , 322
58,280
58,800
60,710
61,360
62,670
62,991

34,600
35,050
35,570
35,810
35,750
36,394
36,520
37,130
37,800
38,020
38,120
38,796

47,670 305,330 268,800


47,930 306,340 269,090
47,390 309,270 272,110
47,890 310,580 272,400
48,000 311,810 273,170
53,168 321 ,909 284,903
47,720 314,530 275,710
47,910 316,090 277,230
52,870 327,890 289,190
51,100 326,230 286,080
52,200 331,980 290,580
60,489 346,921 307,170

14,090
13,960
14,070
13,700
13,680
15,272
13,770
14,390
15,820
15,360
15,460
17,938

1965 -Jan. 27
Feb. 24
Mar. 31
Apr. 2 8 . . . . .
May 26
June 30
July 2 8 . . . . .
Aug. 25
Sept, 29
Oct. 27
Nov. 24
Dec, 31

274,000
275,730
278,350
281,240
282,230
287,723
285,940
287,840
291 ,470
295,330
297,140
306,060

173,420
175,530
179,040
181,530
183,930
188,641
187,060
188,900
191,690
192,800
194,560
201,658

61,520
60,520
59,040
58,320
57,190
56,853
56,320
55,510
55,930
58,450
58,820
59,547

39,060
39,680
40,270
41 , 390
41,110
42,229
42,560
43,430
43,850
44,080
43,760
44,855

51,010 333,810 292,770


51,580 336,010 294,130
54,510 342,110 300,770
51,640 342,060 299,140
51,180 342,700 299,180
57,063 354,553 311,632
51 ,090 346,440 302,650
50,510 347,720 303,030
52,830 354,060 309,640
52,890 357,920 311,860
55,040 361,840 314,690
60,899 377,264 332,436

14,800
14,890
16,300
14,450
14,240
16,171
14,460
14,900
15,850
15,710
15,770
18,426

1,032

4,060 143,580! 129,440


6,710 140,370 131,220
8,350 142,100 133,070
6,850 142,550 134,370
9,890 138,430 135,650
11,796 145,266 137,366
6,890 141,350138,970
7,230 139,280 140,610
7,370 143,380 142,000
4,120' 147,000 144,000
5,440 147,970 144,480
5,525 160,780 146,696

4,400
4,330
3,670
5,020
4,970
3,682
4,730
5,060
4,400
5,780
5,970
4,472

27,640
27,750
28,100
28,210
28,490
29,479
29,280
29,410
29,630
29,890
30,060
30,272

13,785
13,786
13,789
13,793
13,796
13,791
13,787
13,789
13,793
13,799
13,805
13,804

1966Jan. 26
Feb. 23
Mar. 30
Apr. 27
May 25
June 30
July 27
Aug. 31
Sept. 28
Oct. 26
Nov. 30
Dec. 31

302,190 198,130
302,030 199,610
304,350 203,490
307,110 205,180
308,120 207,430
314,238 211,980
312,380 211,050
313,980 211,820
314,920 212,500
314,220 211,980
315,770 213,460
322,661 217,726

59,630
57,310
55,430
55,450
53,550
53,503
52,720
53,730
53,610
53,590
54,390
56,163

44,430
45,110
45,430
46,480
47,140
48,755
48,610
48,430
48,810
48,650
47,920
48,772

54,500 366,930 319,970


55,640 367,790 319,670
54,130 368,840 321 ,090
56,430 373,780 327,120
54,180 372,710 324,360
60,013 385,393 338,004
56,420 379,790 328,840
55,530 380,630 329,010
55,260 381,160 328,940
56,980 381 ,940 329,800
60,890 387,650 333,460
69,119 403,368 352,287

15,410
15,830
15,240
15,560
14,920
17,034
15,480
15,930
16,310
16,020
17,110
19,770

1,050 3,930 151,730 147,850


1,060 5,440 148,680 148,660
1,070 5,120 148,420' 151,240
1,090 5,030 152,650 152,790
1,080 7,780 146,130 154,450
1,098 10,998 153,846 155,029
1,090 6,180 149,320 156,770
1,130 4,720 149,780 157,450
1,060 6,000 148,440 157,130
1,010 4,720 151,510 156,540
900 3,810 155,630 156,010
967 4,992 167,751 158,806

6,170
6,750
6,160
4,940
5,610
4,353
7,230
7,170
7,050
6,970
7,950
4,859

30,240
30,310
30,440
30,670
30,790
31,309
31,090
31,360
31,510
31,630
31 ,930
32,054

13,794
13,794
13,801
13,802
13,802
13,802
13,801
13,801
13,790
13,789
13,784
13,767

1967 Jan. 25
Feb. 22
Mar. 29
Apr. 26
May 31.
June 30.
July 26.
Aug. 30.
Sept. 27.
Oct. 25.
Nov. 29.
Dec, 30.

...
...
...
...

320,320 214,970
320,890 213,600
326,570 216,750
328,830 218,730
330,400 219,880
334,857 223,952
338,570 224,780
341 ,230 224,340
345,780 227,430
348,810 227,420
351,100 228,460
359,903 235,954

56,000
56,600
57,830
56,150
55,830
54,233
57,110
59,140
60,090
62,370
62,850
62,473

49,350
50,690
51 ,990
53,950
54,690
56,671
56,680
57,750
58,260
59,020
59,790
61 ,477

58,600 389,820 337,320


60,220 392,220 338,870
57,360 395,100 342,400
60,380 400,610 347 , 590
63,710 405,880 352,140
65,059 412,118 359,531
62,070 412,380 357,750
58,810 411,730 356,250
61,300 418,910 363,390
61,300 421,870 366,250
61,730 424,650 368,100
77,928 451,012 395,008

16,050
16,640
16,350
16,560
17,520
18,029
17,020
16,750
17,040
17,170
16,970
21,883

,110
,180
,350
,350
,370
,468
,480
,550
,530
,430
,340
,314

4,680
6,200
5,520
6,440
4,160
5,152
5,920
3,640
7,020
6,680
4,980
5,234

153,410 162,070
150,430 164,420
151,450 167,730
154,370 168,870
157,380 171,710
161,048 173,833
157,730 175,600
156,150 178,160
159,230 178,570
160,940 180,030
163,640 181,170
184,066 182,511

7,010
6,740
6,270
6,640
7,080
5,166
6,910
6,520
6,470
6,140
6,920
5,777

32,050
32,240
32,470
32,580
32,880
33,285
33,030
33,360
33,190
33,680
33,890
34,384

13,762
13,756
13,760
13,758
13,743
13,744
13,746
13,744
13,743
13,735
13,739
13,722

1968 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov,
Dec.

31
28
27
24
29....
29....
31
28....
25
30
27.....
31....

356,970 233,010
357,750 232,420
357,910 233,570
361 ,660 237,990
363,110 239,300
367,560 244,580
373,480 248,370
375,550 248,050
382,080 251 ,920
387,450 253,860
390,010 257,730
401,262 265,259

62,230
63,150
61 ,200
59,840
60,320
58,604
60,530
61,480
62,540
64,760
62,820
64,466

61 ,730
62,180
63 , 140
63,830
63,490
64,376
64 , 580
66,020
67,620
68,830
69,460
71,537

66,830 436,580 378,960


64,760 434,980 376,490
63,950 434,870 374,490
63,870 438,550 377,080
65,100 441,150 377,460
75,334 456,827 394,004
69,610 456,670 391,330
67,020 455,820 388,280
69,850 465,490 396,410
71,780 473,100 403,580
76,690 480,640 408,830
83,752 500,657 434,023

17,470
16,920
16,710
17,340
17,340
20,638
19,170
18,020
19,250
19,690
20,500
24,747

,320
,370
,280
,230
,100
,094
,310
,350
,410
,330
,260
,211

6,920 168,490 184,760


9,060 162,550 186,590
5,320 163,100 188,080
4,040 166.550 187,920
5,060 165,180 188,780
4,970 177,837 189,465
5,800 172,610 192,440
4,970 168,720 195,220
8,540 i!70,480 196,730
6,070 176,120 200,370
3,250 182,000 201,820
5,010 199,901 203,154

6,820
7,270
8,150
8,930
9,700
8,131
10,150
11,130
11,660
11,670
13,020
8,899

34,420
34,520
34,600
34,810
35,110
35,774
35,740
35,850
36,090
36,400
36,510
37,006

13,717
13,717
13,716
13,714
13,720
13,723
13,717
13,714
13,707
13,703
13,687
13,679

1969 Jan.
Feb.
Mar.
Apr.
May

29....
26....
26....
30....
28....

394,820 261,130
393,470 263,120
394,900 264,970
400,750 270,470
399,920 272,720

63,150
59,470
58,510
57,980
55 , 380

70 , 540
70,880
71 ,420
72,300
71,820

71,850 480,940 407,780


71,590 480,700 404 , 520
72,090 482,870 403,670
81,110 498,200 417,000
76,700 493,250 408,520

19,350
19,550
19,910
21,230
20,990

,080
,010
990
960i
950

7,540
5,830
4,250
8,950
6,530

178,270 201,540
176,230 201 ,900
176,360 202,160
184,290 201 , 570
178,200 201 ,850

12,830
13,010
14,360
15,780
17,490

36,870
37,180
37,360
38,000
38,090

13,673
13,673
13,677
13,669
13,668

June 302...
July 30....
Aug. 27....
Sept. 24....
Oct. 2 9 . . . .
Nov. 26. ...
Dec. 31 ....

410,279 283,850
409,200 283,240
405,860 280,680
408,670 284,300
409,210 284,420
413,080 287,130
421,597 295,547

54,044
54,700
54,330
53,200
54,410
55,070
54,709

72,385
71,260
70,850
71,170
70 , 380
70,880
71,341

88,209 516,752 425,363


74,370 501,650 404,040
76,200 499,750 401 ,770
75,910 503,590 404,160
76,960 504,920 406,800
82,340 514,470 413,300
89,984 530,665 435,577

25,187
21,060
21,410
21,260
22,190
23,190
27,174

882
860
870
810
880
680
735,

5,639 193,787 199,868


5,490 180,260 196,370
4,860 179,840 194,790
7,610 180,550193,930
6,180 184,150 193,400
6,610 190,100 192,720
5,054 208,870jl93,744

14,740
19,450
21 ,270
21,610
21 ,240
21,960
18,360

38,823
38,480
38,660
38,860
39,310
39,450
39,978

13,673
13,682
13,683
13,681
13,683
13,684
13,661

...

For notes see next page.

Digitized for FRASER


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

30

640'

630
677
690
680
700
710
710
819

890
940
950
920
970
980

1,010
1,040
1,030
1,030
1,008

MONETARY SYSTEMSUMMARY MEASURES


1.3 PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF COMMERCIAL BANKS,
VARYING DATES, 1941-70Continued
[Single-date figures; amounts in millions of dollars]
Loans and investments

Date
Total

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 .

U.S.
Govt.
Loans obligations

410,980 287,330
408,890 286,680
412,410 288,230
417,170 290,550
417,340 290,370
423,240 296,091
425,530 296,330
430,080 297 ,900
436,790 301,530
439 , 590 301,460
442,970 302,160
461,194 313,334

1
2

Includes other assets and liabilities


Data beginning June 30 reflect (1)
(including figures for all bank-premises
majority-owned domestic subsidiaries)

Digitized for FRASER


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

52,960
51 ,400
51,520
52,330
52,640
51,569
53,510
55,050
55,750
57,180
58,280
61 ,742

Other
securities

70,600
70,810
72,660
74,290
74,330
75,579
75,690
77,130
79,510
80,950
82,530
86,118

Total
assetsTotal
liaCash bilities
and
assets
capital Total
accounts1

77,400 506,770 406,380


78,900 506,780 406 , 390
76,360 508,420 407 ,980
78,410 515,650 413,780
78,930 516,630 413,720
85,631 529,679 432,429
74,930 520,800 422,740
78 , 820 529,640 429,680
85,760 543,900 447 , 320
78,310 539,190 440,030
82,400 546,950 446,170
93,643 576,242 480,940

not shown separately.


inclusion of consolidated reports
subsidiaries and other significant
and (2) reporting of figures for

Deposits
Other

Interbank

Demand

21,550
22,230
21,810
21,600
22,180
26,338
22,440
22,890
26,480
24,780
24,680
30,608

Demand
Time

620
620
580
660
690
898
1,350
1,630
1,710
1,740
1,740
1,975

U.S.
Govt.
6,320
7,380
6,140
6,230
5,960
8,076
7,170
8,270
8,470
6,250
5,840
7,938

Other

Borrowings

Total Number
capital
of
accounts banks

22,620
22,620
22,840
23,530
23,080
18,546
19,850
20,160
18,170
20,200
21,680
19,375

40,030
40,230
40 , 370
40,590
40,850
41 ,708
41,510
41 ,720
42,040
42,080
42,270
42,958

Time

186,130 191,760
182,940 193,220
183,090 196,360
185,620 199,670
183,740 201,150
192,999 204,118
181,540 210,240
182,520 214,370
190,810 219,850
185,030 222,230
189,080 224,830
209,335 231 ,084

13,662
13,665
13,664
13,665
13,665
13,671
13,671
13,675
13,678
13,684
13,687
13,686

total loans and for individual categories of securities on a gross basisthat is, before deduction of valuation reservesrather than net as previously reported.

31

MONETARY SYSTEMSUMMARY MEASURES


1.4

LOANS AND INVESTMENTS AT COMMERCIAL BANKS, MONTHLY, 1948-70


[In billions of dollars]
Seasonally adjusted

Month i

Total
loans and
investments

Not seasonally adjusted


Total
loans and
investments

Securities
2

Loans

U.S. Govt.4

Other

Securities
2

Loans

U.S. Govt.

Other

115.2
115.4
115.1
115.4
115.4
114.7
115.0
114.5
113,2
113.1
113.0
113.0

37.7
38.2
38.5
39.0
39.8
40.1
40.6
40.7
41.1
41.3
41.4
41.5

68.4
68.0
67.4
67.2
66.4
65,4
65.2
64.5
62.8
62.6
62.4
62.3

9.1
9.1
9.2
9.2
9.2
9.2
9.2
9.2
9.2
9.2
9.2
9.2

116.4
115.2
113.4
114.1
114.4
113.7
114.5
114.8
113.3
113.9
114.0
U4.2

38.0
38.4
38.7
38.7
39.3
39.7
39.8
40.3
41.4
41.4
42.1
42,4

69.4
67.9
65.5
66,3
65.9
64.8
65.3
65.1
62.5
63.3
62.8
62.6

9.0
9.0
9.3
9.2
9.2
9.2
9,3
9.4
9.*
9,2
9.1
9.2

113.3
113.2
113.8
113.5
114.2
114.6
115.0
117.3
118.2
118.5
118.4
118.7

42.0
41.6
41.9
41.4
41.1
41.3
41.0
41.3
41.2
41.5
41.8
42.0

62.2
62.3
62.7
62.8
63.6
63.7
64,3
66.1
67,0
66.9
66.4
66.4

9.1
9.3 I
9.2
9.2 1
9.4 :
9.6
9.7
9.9
10.0
10. 1
10.2
10.3

114.3
113.1
112.2
112.2
113.1
113.7
114.5
117.6
118.3
119.3
119.5
120.1

42.3
41.7
42.1
41,0
40.6
40.9
40.2
40.9
41.5
41.6
42.5
42.9

63.0
62.2
60.9
62.0
63.2
63.2
64.4
66.7
66.7
67.6
66.9
67.0

9.1
9.1
9.3
9.2
9.3
9.5
9.8
10.0
10.2
10.1
10.1
10.2

120.0
120.4
121.1
121,4
122.1
122.4
122.6
122.9
123,1
123.4
123.9
124.7

42.4
42.8
43.3
43.8
44.4
45.1
46.4
47.4
48.5
49.5
50.3
51.1

67.1
67.1
67.0
66.6
66.6
66.1
64.9
63.9
62.8
61.8
61.3
6K1

10.4
10.6 i
10.8
11.0
11. 1
11.2
11.3
11.6
11.9
12.1
12.2
12.4

120.9
120.3
120.1
120.0
121.0
121.7
122.0
122.9
123.3
124.3
125.0
126.6

42.6
42.8
43.5
43.5
43.9
44,7
45.7
46.9
48.6
49.7
51.1
52.2

68.0
67.1
65.8
65.5
66.1
65.8
65.0
64.2
62.5
62.5
61.7
62.0

10.3
10.4
10.8
11.0
11. 0
H.2
H.4
U,8
12.1
12.1
12.1
12.4

123.8
124.8
125.7
126.3
126.0
126.5
126.2
126.7
128.1
128.9
129,6
130.2

52.1
53.0
53.7
54.1
54.6
55.0
54.9
55.2
55,5
55.9
55.8
56.5

59.2
59.2
59.5
59.6
58.9
58.8
58.7
58.9
59.8
60.1
60.8
60.4

12.5
12.5 !
12.5
12.6 I
12.6
12.7
12.7
12.6
12.7
12,9
13.1
13.4

124.7
124.5
125.2
124.9
124.7
125.9
125.6
126.4
128.1
129.8
131.2
132.5

52.3
53.0
53.9
53.9
54.1
54.7
54.1
54.6
55.5
56.1
56.6
57.6

60.0
59.1
58.8
58.5
58.1
58. 5
5B.7
59.1
59.7
60.9
61.6
61.5

12.4
12.4
12.6
12.6
12.5
12.7
12.8
12.7
12,9
12.9
13.0
13.3

Sept
Oct.
Nov
Dec.

131.1
131,8
132.3
133.4
134.0
135.0
137.0
136.2
136.4
137.9
139.3
139.1

56,6
57.1
57.3
58.1
58.5
59.3
59.9
60.3
60.6
61.6
62.3
62.8

61.1
61.2
61.4
61,7
61.7
61.7
63,1
61.7
61.6
62.1
62.8
62.2

13.4
13.5
13.5
13.7
13.9
14.0
14.1
14.2
14.2
14.2
14.2
14.2

132.0
131.5
132.1
131.9
132.6
134.3
136.4
136.0
136.4
138.8
141.3
141.5

56.7
56.9
57.4
57.8
58.0
59.1
59,3
59.6
60.5
61.8
63.0
64.0

62.0
61.3
61.1
60.5
60.7
61.2
62.9
62.0
61.6
62.9
64.1
63.3

13.3
13.4
13.6
13.7
13.8
H.O
14.1
14.4
14.3
14.2
14.2
14.1

1953Jan
Feb.
Mar.
Apr
May
June
July
Aug.
Sent
Oct.
Nov
Dec.

139.3
139.7
139.6
139.5
138.7
138.5
143.5
142.8
142.6
142.2
142.9
143.1

63.3
63.7
64.3
64.9
65.0
64.9
65.6
66.0
66.0
66.3
65.9
66.2

61.7
61.8
61.0
60.2
59.4
59.4
63.6
62,4
62.2
61.4
62.4
62.2

14.3
14.2
14.3
14.3
14.4
14.2
14.3
14.4
14.4
14.5
14.6
14.7

140.3
139.4
139.2
137.9
137.2
137.8
142.8
142.5
142.6
141.2
144.9
145.5

63.4
63.4
64.4
64.7
64.5
64.9
65.2
65.4
65.9
66.3
66.7
67.4 ;

62.8
61.9
60.5
58. 9
58. 3
58.6
63.2
62.6
62.2
62.3
63.7
63,4

14.2
14.1
14.3
14.4
14.4
14.3
14.3
14.5
14,5
14,5
14.6
14.7

I948^jan..
Feb.....
Mar.
Apr.
May....
June
July
Aug.
Sept.
Oct
Nov.
Dec.
1949 Jan.
Feb.
Mar
Apr
May
June
July
AUE.
Sept
Oct
Nov.
Dec

. .

. .
. .

1950Jan.
Feb
Mar.
Apr
May
June
July
Aue.
Sent
Oct.
Nov.
Dee

. . . .

. .,

1951 Jan
Feb.
Mat
Apr
May
June
Julv
. Aug
Sept.
Oct
Nov
Dec.
1952~Jan.
Feb
Mar.
Apr.
May
June
Julv

...

. ..

...

AUB

For notes see end of table.

Digitized for FRASER


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

32

MONETARY SYSTEMSUMMARY MEASURES


1.4

LOANS AND INVESTMENTS AT COMMERCIAL BANKS, MONTHLY, 1948-70Continued


[In billions of dollars]

___

Seasonally adjusted
Total
loans and
investments 2

Month i

1954 Jan
Feb
Mar.
Apr.
May
June
July
Aug. . .
Sept
Oct
Nov
Dec. . .

143.8
144.4
144.8
145.1
146.1
146.9
147.3
149.2
150.1
152.2
153.0
153.1

1955= Jan
Feb
Mar
Apr.
May.
June
July.
Aug
Sept
Oct..
Nov. . .
Dec

154.5
154.6
154.7
155.5
155.6
155.6
156.6
155.9
156.4
157.0
156.6
157.6
158.0
158.2
159.6
159.2
159.2
159.7
159.1
160.2
160.7
160.5
161.4
161.6
161.6
162.2
162.5
163.8
164.6 I
164.6
164.7
164.9
165.1
165.7
164.9
166.4
166.3
168.3
170.8
174.0
174.7
178.6
176.6
178.6
177.9
179.2
181.7
181.2

1956Jan.. .
Feb
Mar.
Apr
May
June.
July
Aug.
Sept, .
Oct.
Nov.
Dec
1957Jan. . .
Feb
Mar.
Apr
May
June
July
Aug.
Sept
Oct.
Nov
Dec

. ..

1958 Jan...
Feb.
Mar
Apr.
May
June.
July
Aug

. ..

. ,

....

Sept.
Oct
Nov. .
Dec.

Not seasonally adjusted


Securities

Loans 2

66.0
66.4
66.7
66.5
66.6
67.0
66.8
66.4
66.9
67.1
68.2
69.1
70.0
70.8
71.2
72.1
73.2
74.3
75.5
76.7
77.4
78.5
79.6
80.6
81.4
82.1
83.4
84.2
85.1
85.4
85.9
86.6
87.0
87.7
87.8
88.1
88.5
88.9
89.5
90.1
90.3
91.1
91.0
91.5
91.8
91.7
91.4
91.5
91.4
91.6
92.0
92.1
91.8
92.7
92.2
92.1
92.3
93.5
94.6
95.6

U.S. Govt.'

Other

63.0
63.0
63.1
63.4
64.2
64.5
64.9
67.1
67.3
69.0
68.6
67.6

14.8
15.0
15.0
15.2
15.3
15.5
15.7
15.7
15.9
16.1
16.2
16.4

67.7
66.9
66.6
66.5
65.6
64.5
64.3
62.4
62.2
61.7
60.3
60.3
59.9
59.4
59.7
58.4
57.7
57.8
56.9
57.1
57.2
56.6
57.3
57.2

16.8
16.9
16.9
16.9
16.7
16.8
16.8
16.8
16.7
16.8
16.7
16.8
16.7
16.7
16.6
16.5
16.4
16.5
16.3
16.4
16.5
16.3
16.3
16.3
16.3
16.4
16.4
16.5
16.8
16.8
16.8
16.9
16.9
17.6
17.6
17.9

56.8
56.9
56.6
57.2
57.5
56.8
56.9
56.5
56.4
56.4
55.9
56.9
56.8
58.3
59.9
62.7
63.6
65.9
64.4
66.4
65.2
65.2
66.7
65.1

18.1

18.3
18.8
19.1
19.4
19.9
19.9
20.2
20.4
20.5
20.5
20.5

For notes see end of table.

Digitized for FRASER


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

______

33

Total
loans and
investments 2

144.8
144.0
142.5
143.6
144.8
146.2
146.6
148,9
150.1
153.3
155.1
155.7
155.5
153.8
152.4
154.4
154.5
154.8
155.8
155.6
156.4
158.1
158.2
160.3
158.3
157.1
158.5
158.7
158.4
159.3
158.3
159.8
160.7
161.3
162.7
164.5
161.6
161.1
161.4
163.8
163.8
164.3
164.1
164.6
165.1
166.5
165.9
169.3
166.2
167.1
169.9
174.0
173.8
178.2
176.2
178.3
177.9
180.1
182.7
184.4

Securities
Loans *

66.0
66.0
66.8
66.3
66.2
67.2
66.6
65.9
66.8
67.0
68.9
70.4
69.8
70.2
71.2
71.8
72,8
74.8
75.4
76.2
77.5
78.4
80.2
82.0
80.9
81.2
83.3
83.9
84.7
86.2
85.8
86.3
87.2
87.6
88.2
89.7
87.7
87.9
89.1
89.7
89.9
92.0
91.0
91.5
92.2
91.6
91.5
93.2
90.5
90.6
91.5
91.9
91.3
93.6
92.2
92.1
92.6
93.4
94.7
97.5

U.S. Govt.

64.2
63.0
60.7
62.1
63.3
63.5
64.3
67.3
67.3
70.2
70.1
69.0
69.0
66.8
64.2
65.6
65.0
63.3
63.7
62.5
62.0
62,9
61.4
61.6
60.9
59.2
58.6
58.2
57.3
56.6
56.2
57,2
57.0
57.5
58.2
58.6
57.7
56.8
55.7
57.5
57.1
55.5
56.3
56.2
55.9
57.3
56.9
58.2
57.7
58.3
59.6
62.8
63.1
64.6
64.1
66.1
64.7
66.2
67.7
66.4

Other

14.7
15.0
15.1
15.2
15.3
15.5
15.7
15.7
16.0
16.1
16.2
16.3
16.7
16.8
17.0
17.0
16.7
16.8
16,7
16.9
16.9
16.8
16.6
16.7
16.5
16.6
16.6
16.6
16.4
16.5
16.3
16.4
16.6
16.3
16.3
16.3
16.2
16.3
16.5
16.7
16.8
16.8
16.8
16.9
17.1
17.6
17.4
17.9
17.9
18.2
18.9
19.3
19.4
20.0
19.9
20.2
20.6
20.5
20,3
20.6

MONETARY SYSTEMSUMMARY MEASURES


1.4

LOANS AND INVESTMENTS AT COMMERCIAL BANKS, MONTHLY, 194S-70Continued


[In billions of dollars]
Not seasonally adjusted

Seasonally adjusted

Month i

Total
loans
and investments 2

Loans

Total 2

Securities

Commercial
and
industrial

U.S.
Govt.*

Other

Total
loans
and in- 2
vestments

Securities

Loans

Total a

Commercial
and
industrial

U.S.
Govt.

Other

1959Jan
Feb
Mar
Apr
May
June
July
Aug.
Sent
Oct.
Nov
Dec

186.4
185.6
184.6
186.2
187.3
187.1
188.2
189.0
188.7
188.3
188.3
188.7

99.2
99.5
100.6
101.9
103.4
104.1
106.3
107.8
108.5
109.1
109.9
110.5

35.5
35.7
35.8
36.2
37.0
37.4
38.1
38.3
38,5
38.8
39.1
39.4

66.6
65.5
63.5
63.5
63.2
62.4
61.3
60.6
59.6
58.6
57.9
57.7

20.6
20.6
20.5
20.8
20.7
20.6
20.6
20.6
20.6
20.6
20.5
20.5

186.2
184.3
183.5
186.2
186.3
186.5
188.1
188.6
188.9
189.2
188.7
192.3

98.3
98.3
99.8
101.7
103.0
105.1
106.4
107.8
108.9
109,0
109.9
112.8

35.0
35.1
35.8
36.0
36.9
37.8
37.8
38.2
38.7
38.8
39.4
40.2

67.5
65,5
63.2
63.6
62.6
60.9
61.1
60.3
59.2
59.6
58.5
58.9

20.4
20.4
20.6
20,9
20.8
20.6
20.6
20.5
20.7
20,6
20.3
20.5

1960 Jan
Feb
Mar.
Apr
May
June
July . . . .
Aug
Sept
Get
Nov.
Dec

188.8
188,4
189.1
189.6
189,9
190.2
191.6
192.5
194,0
195.8
196.0
197.4

111.4
112.2
112.9
113.8
114.2
114.6
115.0
115.4
116.0
116,1
11'6,1
116.7

40.0
40.3
40.6
41,1
41.3
41.4
41.5
41.5
41.8
41.9
42.0
42.1

57.0
56,0
56.2
55.9
55.9
55.8
56.6
57.1
58.0
59.4
59.4
59.9

20.4
20.2
20.0
19.9
19.8
19.8
20.0
20.0
20.0
20.3
20.5
20.8

188.6
187.3
186.4
189.2
188.9
189.6
191.5
191.9
194.3
196.7
196.8
201.5

110.4
111.0
112J
113.3
113,9
115.6
114.8
115.3
116.4
115.9
116.3
119.6

39.4
39.8
40.9
40.9
41.3
41.9
41.2
41.2
41.8
41.8
42.3
43.1

58.0
56.2
54.2
55.8
55.1
54.2
56.7
56.6
57.7
60.4
60.2
61.0

20.3
20.1
20.1
20.0
19.8
19.8
20.0
20.0
20.1
20.4
20.3
20.9

1961- Jan
Feb
Mar
Apr.
May . .
June
July
AUK.
Sent.
Oct
Nov.
Dec

198.9
201.0
201.1
201.1
203.2
204.3
206.2
207.3
209.8
210.2
211.4
212.8

117.0
118.6
118.3
118.4
119.0
118.9
119.6
119.8
120.6
121.6
122.5
123.6

42.1
42.3
42.5
42.5
42.5
42.4
42.7
42.9
43.0
43.2
43.3
43.9

60.8
61.0
61.2
61.1
62.3
63.4
64.4
64.9
66.1
65.5
65.3
65.3

21.4
21.4
21.6
21.6
21.9
22.0
22.2
22.6
23.1
23,1
23.6
23.9

198.8
200.1
198.7
200.4
202.1
203.9
206,3
205.9
210.5
211.2
212.1
217.7

116.0
117.5
117.3
117.9
118.8
120.0
119.3
119.2
121.1
121.4
122.5
127.2

41.5
41.9
42.8
42.4
42.3
42.8
42.3
42,5
43.0
43.2
43.6
45.2

61.9
61,3
59.7
60.7
61.5
61.8
64.7
64.2
66.1
66.6
66.2
66.6

20.9
21.3
21.7
21.8
21.9
22.1
22.3
22.5
23.3
23.2
23.4
23.9

1962Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct.
Nov.
Dec

214.4
215.4
217.3
218.9
220.4
221 . 8
222.5
224.7
225.7
227.6
229.4
231.2

124.2
125.1
127.0
128.0
128.7
129.8
130.0
131.7
133.3
134.4
135.7
137.3

44.0
44.1
44.6
44.8
45.2
45.5
45.7
46.3
46.7
47.0
41 A
47.6

65.9
65.7
65.0
65.0
65.5
65.1
65.1
65.2
64.4
64.6
64.6
64.7

24.3
24.6
25.3
25.9
26.2
26.9
27.4
27.8
28.0
28.6
29.1
29.2

214.2
214.9
215.7
218.2
218.6
222.7
221.3
222.5
226.4
229.1
230.1
237.0

122.9
124.4
125.9
127.4
128.2
131.2
129.6
130.8
134,0
134,9
135.7
141.3

43.4
43.7
44.8
44.7
45.0
45.9
45.2
45.8
46.7
47.1
47.7
49.1

67.2
66,0
64,4
64.7
64.4
64.4
64.2
63.9
64.3
65.6
65.6
66.4

24.1
24.4
25.4
26.1
26.1
27.0
27.5
27.9
28.2
28.6
28.8
29.3

1963- Jan
Feb
Mar
Apr
May
June
July .
AUE.
Sept
Oct.
Nov.
Dec

232.9
234.6
235.7
236,8
238.8
241.0
242.6
243.3
244.8
246.2
248,2
250.2

138.3
139.4
140.7
141.0
142.8
144.8
145.7
147.3
148.9
150.5
152.5
153.7

47.9
48.1
48.4
48,7
49.0
49.4
49.6
49.7
50.1
50.8
51,5
52.1

64,8
65.0
64.3
64.6
64.1
63.9
64.1
62.6
62.0
61.3
61.3
61.5

29.8
30.2
30.7
31.2
31.9
32.3
32.8
33.4
33.9
34.4
34.4
35.0

232.4
233.7
235.1
235.7
236.9
242.9
241.5
240.9
245.8
246.3
248.9
256.5

136.7
138.5
139.6
140.3
142.2
146.9
146.1
146.3
149.8
149.9
152.5
158.0

47.3
47.7
48.6
48.6
48.8
49.9
49.0
49.2
50.1
50.6
51.9
53.7

66.2
65.3
64.8
64.0
63.0
63.5
62.5
60.9
61.8
62.0
62.3
63.4

29.5
29.9
30.7
31.4
31.7
32.4
32.9
33.7
34.2
34.4
34.1
35.1

1964 Jan
Feb. . .
Mar.
Apr
May
June
July
Aug.
Sept
Oct
Nov
Dec

250.9
252.6
254.1
255.8
257.5
259.6
260.6
263.4
266.6
267,1
270.3
272.4

155.3
156.6
158.1
159.5
161,2
162.9
164.3
165.8
167.7
168.6
170.6
172.9

52.4
52.8
53.0
53.5
54.0
54.5
54.9
55.5
56.1
56.6
57.3
58.4

60.6
60.7
60.4
60.6
60.4
60.5
59.9
60.8
61.4
60.6
61.2
60.8

35.0
35.3
35.6
35.7
35.9
36.2
36.4
36.8
37.5
37.9
38.5
38.7

250.3
251.3
254.0
254.8
255.7
261.9
258.8
260.7
266.9
267.1
271.0
279.2

153.6
154,7
157.0
158.9
160.9
166.2
164.0
164.8
168.4
167.7
170.2
177.4

51.8
52.4 i
53.2
53.4
53,9
55.1
54.4
54.9
56.1
56.3
57.4
60.2

62.1
61.5
61.5
60.1
59.1
59.3
58.3
58.8
60.7
61,4
62.7
63.0

34,6
35.0
35.6
35.8
35.8
36.4
36.5
37.1
37.8
38.0
38.1
38.8

1965Jan
Feb
Mar
Apr
May
June

275.1
277.8
279.2
282.5
284.5
286.7

175.7
178.0
180.3
182.6
184.5
186.5

59.6
60.7
61.8
62.8
63.6
64.4

59.9
59.8
58.4
58.7
58.7
58.3

39,5
40.0
40.5
41.2
41.3
41.9

274.4
276.0
279.2
281.3
282.5
289.3

173.8
175.8
179.9
181.6
184.2
190.2

58.9
60.3
62.2
62.5
63.4
65.5

61.5
60.5
59.0
58.3
57.2
56.9

39.1
39.7
40.3
41.4
41.1
42.2

For notes see next page.

Digitized for FRASER


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

34

1.4

MONETARY SYSTEMSUMMARY MEASURES


LOANS AND INVESTMENTS AT COMMERCIAL BANKS, MONTHLY, 1948-70Continued
[In billions of dollars]
Seasonally adjusted
Loans and
investments2

Loans

Month i
Total

Plus
loans
sold 3

Not seasonally adjusted

Totals

Plus
loans
sold 2. 3

Loans and
investments 2

Securities

Commercial
and industrial

Total

Plus
loans
sold"

U.S.
Govt."

Other

Total

Plus
loans
sold 3

Loans

Total 2

Plus
loans
sold2-3

Securities

Commercial
and industrial

Total

Plus
loans3
sold

U.S.
Govt.

Other

1965-July..
Aug. .
Sept . .
Oct. . .
Nov..
Dec. .

289.0
290.6
292.0
295.6
297.3
300.1

188.5
190.1
191.7
194.1
195.8
198.2

65.2
65.9
66.8
67.6
68.4
69.5

58.1
57.4
56.8
57.6
57.3
57.1

42.4
43.1
43.5
43.9
44.2
44,8

286.5
288.5
292.1
295.5
297.7
307.6

187 7
189 6
192 3
192.9
195.1
203 2

64 8
65.5
66.8
67.1
68.3
71.4

56.3
55.5
55.9
58.5
58.8
59.5

42.6
43.4
43.8
44.1
43.8
44.9

L966-Jan. . .
Feb. . .
Mar..
Apr. .
May..
Junes.
July . .
Aug. .
Sept. .
Oct. . .
Nov..
Dec. .

302.9
303.9
304.8
308.3
309.9
313.1
313.6
314.3
315.0
314.1
314.1
316.1

200.2
202.2
203.8
206.3
207.9
209.4
210.3
210.9
211.9
212.8
213.1
213.9

70.5
71.4
72.2
73.2
74.1
75.7
76.7
77.6
78.2
78.6
78.7
78.6

57.7
56.2
55.2
55.8
54.8
55.4
54.8
55.4
54.5
52.8
52.6
53.5

45.0
45.5
45.8
46.2
47.2
48.3
48.5
48.0
48.6
48.5
48.4
48.7

302.4
301.6
303.8
307.1
307.8
315.9
312.6
313.1
314.6
313.8
314.8
324.0

198.4
199.2
203.0
205.2
207 1
213 6
211.2
211.0
212 2
211.6
212.5
219 0

69.7
70.7
72.6
72.8
74,0
77,2
77.1
76.7
77.9
78.0
78.6
80.6

59.6
57.3
55.4
55.5
53.6
53.5
52.7
53.7
53.6
53.6
54,4
56.2

44.4
45.1
45.4
46.5
47.1
48.8
48.6
48.4
48.8
48.6
47.9
48.8

1967-Jan...
Feb...
Mar..
Apr..
May..
June, .
July . .
Aug. .
Sept..
Oct. . .
Nov..
Dec. .

319.9
323.2
327.2
329.3
330.9
333.3
337.9
342.2
345.3
347.8
350.0
352.0

215.9
216.4
217.7
218.8
219.3
220.3
222.4
223.9
226.3
227.3
228.8
231.3

79.5
80.1
81.0
81.5
82.0
82.9
83.6
83.7
84.4
84.5
84.9
86.2

54.1
55.7
57.2
57.0
56.9
56.8
58.9
60.9
60.9
61.5
60.9
59.4

49.9
51.1
52.3
53.5
54.7
56.2
56.6
57.4
58.1
59.0
60.3
61.3

319.8
320.4
325.9
328.3
329.4
335.3
337.7
340.1
344.7
347.6
350.0
360.8

214 4
213 1
216.1
218.2
218.9
224.4
223.9
223.2
226.3
226.2
227.4
236 8

78.9
79.1
81,1
81.8
81.7
84.5
84.1
82.6
84.0
83.8
84.6
88,4

56.0
56.6
57,8
56.2
55.8
54.2
57.1
59.1
60.1
62.4
62.9
62.5

49.3
50.7
52.0
53.9
54.7
56.7
56.7
57,8
58,3
59.0
59.8
61.5

1968-Jan. . .
Feb. . .
Mar..
Apr. .
May..
June . .
July . .
Aug. .
Sept,.
Oct ..
Nov..
Dec. .

355.5
359.3
359.4
361.2
363.6
365.5
371,4
376.4
381.3
386.0
387.8
390.2

233.2
234.4
235.4
237.2
238.6
240.4
244.5
247.3
250.5
253.0
256.5
258.2

86.5
87.0
87.8
88.7
89.2
89.6
90.6
91.6
92.5
93.4
95.2
95.9

60.2
62.3
60.8
60.8
61.6
61.3
62.4
63.2
63.4
63.8
61.2
60.7

62.1
62.6
63.2
63.2
63.4
63.8
64.5
65.9
67.4
69.2
70.1
71.3

356.3
356.6
357.4
360.5
361.3
367.7
371.9
373.8
380.6
385.4
387.6
400.4

232.3
231.3
233.0
236.8
237.5
244.8
246.8
246.3
250 5
251.8
255.3
264 4

85.7
35. 9
87.8
89.2
88.7
91.4
91.3
90.3
92 1
92.7
94.7
98.4

62.2
63.2
61.2
59.8
60.3
58.6
60,5
61,5
62.5
64.8
62.8
64.5

61,7
62,2
63.1
63.8
63.5
64.4
64.6
66.0
67.6
68.8
69.5
71.5

1969-Jan . . .
Feb. . .
Mar..
Apr..
May..
June0 .
July.
Aug.
Sept.
Oct..
Nov.
Dec.

392.2
393.6
394.6
398.7
399.6
400.8
399.8
399.0
398.5
399.7
402.3
401.7

4)i!i
402.9
402.6
402.3
402.3
404.5
407.1
405.6

260.6
263.2
265.4
268.5
270.8
272.1
272.1
272.2
273.5
275.5
277.5
279.1

272.3
274.2
274.9
275.5
277.3
280.3
282.3
283.0

97.7
98.8
99.7
101.2
102.1
102.6
103.0
103.4
103.8
104.5
105.1
105.7

102.9
103.9
104.9
105.6
106.4
107.8
108.5
108.3

60.6
59.0
57.9
58.9
57.1
57.0
56.5
56.0
54.0
53.4
53.2
51.5

71.0
71.4
71.3
71.3
71.7
71.7
71.2
70.8
71.0
70.8
71.6
71.1

391.4
390.4
392.3
398.3
397.1 '39B.6
403.2 405.3
399.4 402.2
396.2 399.5
398.0 401.8
398.7 403.5
402.0 406.8
412.1 416.1

96.5
257.7
260.1
97.7
262 3
99.7
268.0
101.6
269.9 '27K4' 101.8 '162; 6
276.8 278.9 104.4 105.7
273.5 276.3 103.1 105.0
104.2
271.0 274.3 102.0
273.6 277.4 103.8 106.4
273.9 278.7 103.6 106.9
276.1 280.9 104.4 107.8
286.1 290.0 108.4 111.0

63.2
59.5
58.5
58.0
55.4
54.0
54.7
54.3
53.2
54.4
55.1
54.7

70.5
70.9
71.4
72.3
71.8
72.4
71.3
70.8
71.2
70.4
70.9
71,3

1970-Jan . .
Feb..
Mar.
Apr.
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.

400.0
400.5
403.0
406.1
407.9
409.2
415.2
419.6
423.7
426.3
429.3
435.5

406.0
407.1
409.8
413.3
416.0
417.3
423.4
427.6
428.9
430.7
433.1
438.5

278.6
278.4
279.5
279.5
279.3
280.0
283.7
285.5
287.6
288.9
289.7
291.7

284.6
285 ,,0
286.3
286.7
287.4
288.1
291.9
293.5
292.8
293.3
293.5
294.7

105.4
105.2
105.1
105.3
105.5
106.5
107.5
108.1
108.8
109.0
109.3
110.0

109.8
110.2
110.4
110.9
111.9
113.0
113.8
114.1
112.5
112.2
112.0
112.1

50.3
50.8
51.1
53.3
54.5
54.3
55.9
56.8
56.7
56.0
56.2
57.9

71.1
71.3
72.4
73.3
74.1
74.9
75.6
77.3
79.4
81.4
83.4
85.9

399.1 405.1
397.2 403.8
400.5 '407.3
404.8 411.9
405.3 413.4
411.7 419.7
414.1 422.3
416.8 424.9
424.7 430.0
425.6 429.9
429.3 433.1
446.8 449.8

275.6
275.0
276.3
278.1
278.4
284.5
284.9
284.7
289.5
287.5
288.4
299.0

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
80.9
82.5
86.1

1
Data are for last Wednesday of month except for June 30 and Dec. 31;
data are partly or wholly estimated except when June 30 and Dec. 31 are
call2 dates.
Series excludes commercial interbank loans as follows: domestic and
foreign
through 1958; domestic only thereafter.
3
Loans sold are those sold outright by commercial banks to own
subsidiaries, foreign branches, holding companies, and other affiliates.
* Derived by subtracting "Loans" and "Other securities" from "Total
loans and investments."
& Beginning June 9, 1966, about $1.1 billion of balances accumulated
for payment of personal loans were deducted from total loans as a result

Digitized for FRASER


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

281.5
281.5
283.1
285.3
286.4
292.6
293.1
292.7
294.7
291.8
292.3
301.9

104.1
104.0
104.9
105.5
105.2
108.4
107.3
107.1
109.4
108.4
108.8
112.5

108.5
109.0
110.2
111.1
111.6
114.8
113.6
113.1
113.1
111.6
111.5
114.6

of a change in Federal Reserve regulations. Beginning June 30, 1966,


CCC certificates of interest and Export-Import Bank portfolio fund
participation certificates totaling an estimated $1 billion are included in
"Other securities" rather than in "Loans."
6 Beginning June 30, 1969, data include all bank-premises subsidiaries
and other significant majority-owned domestic subsidiaries; earlier data
include commercial banks only. Also, loans and investments are reported
gross, without valuation reserves deducted, rather than net of valuation
reserves as was done previously. Data for January 1959 through May 1969
have been adjusted to include valuation reserves.

35

MONETARY SYSTEMSUMMARY MEASURES


1.5

PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF MUTUAL SAVINGS BANKS,


JUNE AND DECEMBER CALL DATES, 1941-70
[Amounts in millions of dollars]
Loans and investments

Investments

Call date

Total

Loans
Total

U.S. Government
Other
obligations securities

Cash
assets

Total
assetsTotal
liabilities
and
capital l
accounts

Total
deposits

Total
capital
accounts

Number
of
banks

1941~June30
Dec. 31

10,321
10,379

4,958
4,901

5,363
5,478

3,426
3,704

1,937
1,774

968
793

11,996
11,804

10,648
10,533

1,312
1,241

550
548

1942 June 30. . .


Dec. 31

10 , 360
10,754

4,822
4,695

5,538
6,059

3,891
4,572

1,647
1,487

753
663

11,682
11,933

10,395
10,668

1,249
1,236

547
546

1943June 30
Dec. 3 1 . . . .

11,248
11,871

4,581
4,484

6,666
7,387

5,290
6,090

1,376
1,297

722
797

12,429
13,046

11,141
11,738

1,247
1,276

545
545

1944 June 30
Dec. 30

12,976
13,931

4,414
4,370

8,562
9,560

7,306
8,328

1,257
1,232

535
584

13,836
14,788

12,471
13,376

1,325
1,378

544
543

1945- June 30
Dec. 31

15,134
16,208

4,307
4,279

10,827
11,928

9,588
10,682

1,240
1 3 246

583
609

15,951
17,020

14,426
15,385

1,477
1,592

542
542

1946 June 29
Dec. 31

17,125
17,704

4,356
4,526

12,769
13,179

11,438
11,778

1,331
1 3 400

747
818

18,054
18,703

16,281
16,869

1,715
1,784

541
541

I947~June30
Dec. 31

18,339
18,641

4,686
4,944

13,653
13,696

12,140
11,978

1,513
1,718

839
886

19,362
19,714

17,442
17,763

1,842
1,889

533
533

1948 June 30
Dec. 31

19,226
19,395

5,234
5,686

13,992
13,709

11,976
11,476

2,016
2,233

832
878

20,252
20,474

18,211
18,405

1,955
1,999

532
532

1949June 30. .
Dec. 31

20,094
20,400

6,050
6,578

14,044
13,822

11,657
11,428

2,387
2,394

800
873

21,105
21 ,493

18,949
19,293

2,065
2,122

530
531

1950 June 30
Dec. 30

21,192
21,346

7,203
8,137

13,989
13,209

11,569
10,868

2,420
2,342

831
797

22,252
22,385

19,943
20,031

2,189
2,247

530
529

1951 June 30
Dec. 31

21,697
22,259

9,020
9,862

12,677
12,398

10,205
9,819

2,472
2,579

851
8S6

22,835
23 ,439

20,404
20,915

2,285
2,407

529
529

1952 June 30
Dec. 31

23,091
24,003

10,509
11,349

12,582
12,654

9,606
9,422

2,976
3,231

966
918

24,378
25,233

21,782
22,621

2 f 43S
2,479

529
529

L953 June 30
Dec. 31

25,124
25,810

12,091
12,925

13,033
12,885

9,464
9,184

3,569
3,701

867
983

26,333
27,130

23,628
24,398

2,516
2,559

528
528

26,959
27,868

13,890
14,998

13,069
12,871

9,017
8,748

4,052
4,123

987
1,026

28,315
29,276

25,440
26,359

2,626
2,694

528
527

1955 June 30
Dec. 31

28,990
29,898

16,172
17,456

12,818
12,442

8,675
8,460

4,142
3,982

989
965

30,382
31,274

27,334
28,187

2,757
2,812

528
527

1956 June 30
Dec. 31

31,066
31,940

18,639
19,777

12,427
12,163

8,297
7,971

4,130
4,192

917
920

32,421
33,311

29,184
30,032

2,8B5
2,947

527
527

1957 June 6
Dec. 31

32,950
33,782

20,487
21,216

12,463
12,565

7,906
7,552

4,557
5,013

839
890

34,254
35,168

30,678
31,695

3,042 i
3,059

525
522

1958June 23
Dec. 31

35,274
36,320

22,237
23,357

13,037
12,963

7,417
7,265

5,620
5,698

916
921

36,678
37,779

32,869
34,040

3,181
3,219

520
519

1959 June 10
Dec. 31

37,221
37,561

24,149
25,126

13 S 072
12,435

7,349
6,864

5,724
5,570

780
829

38,526
38 , 943

34,503
34,983

3,315
3,359

518
517

1960June 15
Dec. 31

38,300
39,114

26,069
27,122

12,230
11,992

6,628
6,239

5,603
5,752

764
872

39,598
40 , 574

35,335
36,353

3,465
3,553

515
514

1961June 30
Dec. 30

40 , 344
41,259

28,211
29,393

12,133
11,866

6,281
6,136

5,852
5,730

862
936

41,818
42,833

37,551
38,487 |

3,660
3,768

514
514

1962 June 30 . . . .
Dec. 28

42,872
44,558

30,930
32,716

11,941
11,842

6,278
6,129

5,663
5,714

884
890

44,418
46,086

39.88B
41,531

3,853 :
3,951

512
511

1963June 29
Dec. 20

46,397
48,089

34,665
36,679

11,732
11,410

6,166
5,872

5,566
5,539

890
826 1

48,020
49,621

43,248
44,516

4,031
4,205

511
509

50,226
52,363

38,656
41,085

11,570
11,278

6,016
5,788

5,554
5,490

905
1,004

52,000 1
54,239

46,940
49,138

4,269
4,401

506
505

54,415
56,260

43,096
45,288

11,319
10,971

5,753
5,470

5,566
5,501

1,020
1,017

56,382
58,219

50,980
52 , 760

4,536
4,663

504
SOS

1954 June 30
Dec, 31

1964June 30
Dec. 31

...

1965 June 30
Dec. 31
For note see end of table.

Digitized for FRASER


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

36

MONETARY SYSTEMSUMMARY MEASURES


1.5

PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF MUTUAL SAVINGS BANKS,


JUNE AND DECEMBER CALL DATES, 1941-70Continued
[Amounts in millions of dollars]
Loans and investments
Investments

Call date

Total

Loans

Cash
assets

U.S. Government
Other
obligations securities

Total

Total
assets
Total
liabilities
and
capital
accounts l

Total
deposits

Total
capital
accounts

Number
of
banks

1966 June 30
Dec. 31

57,446
59,023

46,627
48,297

10,819
10,726

5,122
4,753

5,697
5,973

965
966

59,414
61,008

53,727
55,350

4,761
4,871

505
504

1967 June 30
Dec. 30

61,898
64,232

50,018
51,590

11,880
12,642

4,304
4,280

7,576
8,362

1,152
996

64,150
66,362

58,259
60,494

4,932
4,987

503
501

1968 June 29
Dec. 31

66,855
68,905

53,097
54,803

13,758
14,102

4,205
3,819

9,553
10,283

959
996

69,029
71,148

62,870
64,922

5,111
5,269

501
500

1969June 30
Dec. 31

71 ,403
72,385

56,625
58,075

14,778
14,309

3,623
3,243

11,155
11,066

831
891

73,509
74,560

66,754
67,537

5,406
5,521

499
496

1970June 30
Dec. 31

74,309
76,548

59,206
60,348

15,103
16,199

3,173
3,072

11,930
13,127

907
1,244

76,583
79,222

69,285
72,081

5,620
5,711

496
493

1.6

Includes other assets and liabilities not shown separately.

NUMBER AND DEPOSITS OF COMMERCIAL AND MUTUAL SAVINGS BANKS, BY CLASS OF BANK,
JUNE AND DECEMBER CALL DATES, 1941-70
Commercial banks

Total

Call date

Mutual savings banks


Nonmember banks

Member banks
Total
Total

National

State

Total

Insured

Noninsured

Total

Insured

Noninsured

Number
1941 June 30.
Dec. 31

. ...

14,855
14,826

14,305
14,278

6,556
6,619

5,130
5,117

1,426
1,502

7,752
7,662

6,869
6,810

883
852

550
548

53
52

497
496

1942June 30
Dec. 31

14,775
14,682

14,228
14,136

6,647
6,679

5,101
5,081

1,546
1,598

7,584
7,460

6,755
6,667

829
793

547
546

53
56

494
490

1943 June 30
Dec. 31

14,618
14,579

14,073
14,034

6,703
6,738

5,060
5,040

1,643
1,698

7 373
7 299

6 598
6,535

775
764

545
545

61
184

484
361

1944 June 30.


Dec. 30

14,553
14,535

14,009
13,992

6,773
6,814

5,036
5,025

1,737
1 ,789

7,239
7 181

6,494
6 452

745
729

544
543

192
192

352
351

1945 June 30
Dec. 31

14 , 542
14,553

14,000
14,011

6,840
6,884

5,015
5,017

1,825
1,867

7 163
7,130

6,440
6,416

723
714

542
542

192
192

350
350

1946 June 29
Dec. 31

14,567
14,585

14,026
14,044

6,887
6,900

5,012
5,007

1,875
1,893

7,142
7,147

6,446
6,457

696
690

541
541

191
191

350
350

1947 june 30
Dec. 31...
I94g.june 30
Dec. 31. .

14,716
14,714

14,183
14,181

6,928
6,923

5,012
5,005

1,916
1,918

7 258
7,261

6,461
6,478

797
783

533
533

191
194

342
339

14,719
. . . 14,703

14,187
14,171

6,925
6,918

4,998
4,991

1,927
1,927

7 265
7,256

6,493
6,498

772
758

532
532

193
193

339
339

1949 June 30
Dec. 31 .

14,680
14,687

14,150
14,156

6,903
6,892

4,987
4,975

1,916
1,917

7,250
7 267

6,517
6,540

733
727

530
531

191
192

339
339

1950 June 30
Dec. 30 ...

14,674
14,650

14,144
14,121

6,885
6,873

4,971
4,958

1,914
1,915

7,262
7,251

6,553
6,562

709
689

530
529

192
194

338
335

1951 June 30
Dec. 31

14,636
14,618

14,107
14,089

6,859
6,840

4,946
4,939

1,913
1,901

7,251
7,252

6,581
6,602

670
650

529
529

201
202

328
327

. . . 14,599
14,575

14,070
14,046

6,815
6,798

4,925
4,909

1,890
1,889

7,258
7,251

6,622
6,627

636
624

529
529

205
206

324
323

1953 June 30. .


Dec. 31

14,537
14,509

14,009
13,981

6,765
6,743

4,874
4,856

1,891
1,887

7,247
7,241

6,655
6,672

592
569

528
528

213
219

315
309

1954 June 30
Dec. 31

14,465
14,367

13,937
13,840

6,721
6,660

4,835
4,789

1,886
1,871

7 219
7,183

6 662
6,647

557
536

528
527

219
218

309
309

1952 June 30. .


Dec. 31 .

Digitized for FRASER


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

37

MONETARY SYSTEMSUMMARY MEASURES


1.6

NUMBER AND DEPOSITS OF COMMERCIAL AND MUTUAL SAVINGS BANKS, BY CLASS OF BANK,
JUNE AND DECEMBER CALL DATES, 1941-70Continued
Commercial banks
Call date

Total

Mutual savings banks

Member banks

Nonmember banks

Total
Total

National

State

Total

Noninsured

Insured

Total

Insured;

Noninsured

Number
1955June 30.
Dec. 31

14,309
14,243

13,781
13,716

6,611
6,543

4 744
4,692

1,867
1,851

7,173
7,176

6,660
6,677

513
499

528
527

218
220

31
30

1956 June 30.


Dec. 31 ... .

14,206
14,167

13 679
13,640

6 499
6,462

4 667
4 651

,832
,811

7 183
7 181

6,713
6,737

470
444

527
527

220
221

30
30

1957June 6 .
Dec. 31. .

14 144
14 090

13 619
13,568

6 445
6,393

4 647
4,620

798
,773

7 177
7,178

6,748
6,753

429
425

525
522

234
239

29
28

1958 June 23
Dec. 3 1 ...

14 055
14 020

13 535
13,501

6 357
6 312

4 599
4 578

758
,734

7 181
7,192

6 768
6,793

413
399

520
519

239
241

28
27

1959 June 10. .


Dec. 31

13 988
13,991

13 470
13,474

6 280
6,233

4 559
4 542

721
,691

7 193
7,244

6 810
6,878

383
366

518
517

251
268

26
24

1960June 15! .
Dec. 3 1 ...

14 006
13,986

13 491
13,472

6 217
6 174

4 542
4 530

675
,644

7 276
7,300

6 926
6,948

350
352

515
514

268
325

24
18

1961 June 30
Dec. 30

13,977
13,946

13,463
13,432

6,141
6,113

4,524
4 513

,617
,600

7,321
7,320

6,990
6,997

333
323

514
514

32S
330

18
18

1962June 30. .
Dec. 28

13,934
13,940

13,422
13,429

6 070
6,049

4 500
4,505

570
,544

7 353
7,380

7 036
7,072

317
308

512
511

331
3311

18
18

1 963 June 29. ..


Dec. 20

13,993
14,079

13 482
13,570

6 058
6,112

4 537
4,615

521
[497

7 424
7,458

7,133
7,173

291
285

511
509

33 1
330

18
17

14,175
14,266

13,669
13,761

6 180
6,225

4,702
4,773

,478
,452

7,489
7,536

7,215
7,262

274
274

506
505

327
327

17
17

1965 June 30
Dec. 31.

14,295
14 309

13,791
13 804

6,235
6 221

4,803
4 815

,432
406

7,556
7 583

7,294
7 320

262
263

504
505

327
328

17
17

1966 June 29
Dec. 31

14,307
14 271

13,802
13 767

6,194
6 150

4,811
4 799

,383
,351

7,608
7 617

7,359
7 384

249
233

505
504

330
330

17
17

1967 June 30
Dec. 30.

14,247
14 223

13,744
13 722

6,108
6 071

4,780
4 758

,328
,313

7,636
7 651

7,418
7 440

218
211

503
501

332
331

17
17

1968 June 29.


Dec. 31

14 225
14,179

13 724
13,679

6,039
5,978

4 742
4,716

,297
,262

7 685
7,701

7,474
7,504

211
197

sot

500

331
333

17
16

1969June 30
Dec. 31 .

14,172
14,157

13,673
13 661

5,936
5 869

4,700
4 668

,236
,201

7,737
7 792

7,528
7,595

209
197

499
496

332
330

16
16

1970 June 30.


Dec. 30

14 167
14,179

13,671
13,686

5,803
5,767

4 637
4,620

1,166
1,147

7 868
7,919

7 675
7,735

193
184

496
493

330
328

16
16

1964 June 30 ...


Dee. 31..

...

Deposits (in millions of dollars)


1941 June 30
Dec. 31

78,120
81,816

67,472
71,283

58,512
61,717

37,273
39,458

21,238
22,259

8,969
9,574

7,1
7,7

1,865
1,872

10,648
10,533

11,803
11,789

8,845
8,744

1942 June 30
Dec. 31.

82 706
99 796

72 311
89 132

63 404
78 277

40 534
50 468

22 871
27 808

8 915
10 864

77
9,5

1,161
1,329

10,395
10,664

1
1,864
2
2,048

8,531
8,616

1943June 30
Dec. 31

107 224
117,661

96 083
105,923

84,016
92,262

54 589
59,961

29 427
32,302

12 076
13,671

10,5
11,8

1,519
1,829

11,141
11,738

2
2,739
7
7,534

8,402
4,203

1944June 30
Dec. 30. .

128,605
141 449

116,133
128 072

101,276
110,917

65,585
71 858

35,690
39,059

14,869
17,168

12,8
14, 8<

1,989
2,358

12,471
13,376

8.23S
8
8
8,910

4,236
4,466

1945 June 30
Dec. 31.

151,033
165 612

136,607
150 227

118,378
129,670

76,533
84 939

41,844
44,730

18,242
20 571

15,8
18,1

2,362
2,452

14,426
15,385

9,671
9
10

4,754
5,022

Digitized for FRASER


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

38

MONETARY SYSTEMSUMMARY MEASURES


1.6

NUMBER AND DEPOSITS OF COMMERCIAL AND MUTUAL SAVINGS BANKS, BY CLASS OF BANK,
JUNE AND DECEMBER CALL DATES, 1941-70Continued
Commercial banks

Call date

Total

Member banks

Mutual savings banks


Nonmember banks

Total
Total

National

State

Total

Insured

Noninsured

Total

Insured

Noninsured

Deposits (in millions of dollars)


1946 June 29
Dec. 31. ..

159,171
155,902

142,890
139,033

122,519
118,170

80,212
78,775

42,307
39,395

20,387
20 , 879

18,108
18,836

2,279
2,043

16,281
16,869

10,979
11,428

5,302
5,442

1947 June 30
Dec. 31. ..

153,349
161,865

135,907
144,103

115,435
122,528

77,146
82,023

38 289
40 , 505

20,488
21 ,591

18,240
19,340

2,248
2,251

17 442
17,763

11 ,901
12,207

5,541
5,556

1948 june 30
Dec. 31

156,353
161,248

118,142
142,843

117 452
121,362

78,753
81,407

38 699
39 955

20,706
21 ,497

18,509
19,296

2,197
2,201

18 211
18,405

12,581
12,772

5,630
5,633

1949 June 30
Dec. 31

156,470
164,467

137,520
145,174

116,980
123 885

78,219
83,113

38,761
40 772

20,556
21,305

18,410
19,269

2,146
2,036

18,949
19 293

13,241
13,592

5,709
5,702

1950June 30
Dec. 30 .

163 770
175,296

143,827
155,265

122 707
133 089

82 430
89 , 28 1

40 277
43 808

21 137
22,193

19 108
20 216

2 029
1,976

19 943
20 031

14 128
14,320

5 815
5 711

1951 June 30
Dec. 31

171,860
185,756

151,457
164,840

129,737
141 015

86,589
94,173

43 , 1 49
46 843

21,737
23 843

19,741
21,912

1,996
1,932

20,404
20 915

14,924
15,368

5,479
5 547

1952 June 30
Dec, 31 . .

184,130
195,552

162,348
172,931

1 38 , 769
147 527

92,720
98,974

46,049
48 553

23,598
25,424

21,606
23 464

1,993
1,960

21,782
22 621

16,081
16,785

5,702
5 836

1953_june 30 .
Dec. 31

189,159
201 , 100

165,531
176,702

140 830
150,164

94 475
100,654

46 355
49,510

24 722
26 , 560

22 841
24,555

1 880
2,005

23 628

24 , 398

17 695
18,383

5 933
6 01S

1954 June 30. .


Dec. 31

199,508
211,115

174,068
184,757

148 252
157,252

99 362
105,851

48 890
51,401

25 838
27,528

23 819
25,657

2 020
1,871

25 440
26,359

19,195
19,885

6 246
6 474

1955 June 30
Dec. 31

208,850
220 441

181,516
192 254

154 670
163 757

98 , 636
103 903

56,034
59 854

26,870
28 522

25,082
26 779

1,788
1 742

27 334
28 187

20 , 590
21 237

6 743
6 950

1956 June 30
Dec. 31

215,510
227 546

186,326
197 515

158,388
167 906

100,826
107 161

57,563
60 744

27,962
29 635

26,316
28 073

1,646
1 562

29,184
30 032

21,959
22 886

7,225
7 146

1957 June 6
Dec. 31

216,986
233,020

186,308
201,326

157,593
170,637

100,989
109,091

56,605
61,545

28,740
30,715

27,292
29 , 266

1,448
1,449

30,678
31 695

23,578
25,022

7,100
6 672

1958 June 23
Dec. 31

237,204
250,057

204,335
216,017

173,904
182,816

110,065
116,714

63,839
66,102

30,458
33,227

28,942
3 1 , 696

1,516
1,532

32,869
34,040

26,082
27,277

6,787
6,763

1959 June 10 . .
Dec. 31

242,096
254,885

207 , 594
219,903

174,811
184,706

112,659
119,638

62 , 1 52
65,069

32,810
35,224

31,365
33,795

1,444
1,429

34 , 503
34,983

28,041
28,577

6 461
6,405

I960June 15
Dec. 31

249,163
266,196

213,829
229,843

179,519
193,029

116,178
124,911

63,341
68,118

34,328
36,834

32,942
35,391

1,386
1,443

35,335
36,353

28,824
31,502

6,511
4,850

1961 June 30
Dec. 30

262,547
287,176

224,997
248,689

189,226
209,630

122,485
135,511

66,741
74,119

35,785
39,073

34,391
37,560

1,394
1,513

37,551
38,487

32,530
33,400

5,020
5,087

1962 June 30
Dec. 28

285,186
303,653

245,298
262,122

206,057
219,468

133,728
142,825

72,329
76,643

39,256
42,654

37,814
41,142

1,442
1,513

39,888
41,531

34,581
36,104

5,306
5,427

1963 June 30
Dec. 20

309,428
319,636

266,179
275,120

222,619
229,376

145,513
150,823

77,106
78,553

43 , 560
45,743

42,035
44,280

1,525
1,463

43 , 248
44,516

37,585
38,657

5 663
5,859

1964 June 30
Dec. 31

331,843
356,308

284,903
307,170

238,052
255,724

155,978
169,615

82,074
86,108

46,850
51,447

45,411
49 , 389

1,439
2,057

46 940
49,138

40,797
42,751

6 143
6,387

1965 June 30
Dec. 31

362,611
385,196

311,632
332,436

259 , 743
275,517

171,528
193,860

88 215
81,657

51,889
56,919

49 , 869
54,806

2,020
2,113

50 980
52,760

44 293
45,887

6 686
6,874

1966 June 30
Dec. 31

392,882
408,860

339,154
353,510

281,209
292,004

197,792
206,456

83,417
85,547

57,946
61,506

55,937
59,434

2,009
2,073

53,727
55,350

46,681
48,254

7,046
7,096

. . 419,062
456,784

360,803
396,291

297 , 529
327,011

211,098
231,374

86,432
95 637

63 , 274
69 , 279

61,216
67,107

2,058
2 172

58 259
60 494

50,877
52 910

7,383
7 584

1968 June 29. . . .


Dec. 31

458,109
500,160

395,239
435,238

323,935
356,351

229,028
257,884

94 908
98,467

7 1 , 304
78,887

68,866
76,368

2 438
2,519

62 870
64,922

54 991
56,859

7 879
8,062

1969 June 30
Dec. 3 1 ... .

493 267
504 , 245

426,513
436 , 708

345 347
350,759

251 489
256,314

93 858
94,445

81 166
85,949

78 610
83,380

2 556
2,570

66 754
67 537

58 286
58,864

8 468
8,673

1970 June 30
Dec. 31. .

502,658
553,826

433,373
481,745

346 , 228 254,261


385 176 283 664

91,967
101 512

87,145
96 568

84,865
93 998

2,280
2 570

69 285
72 081

60,194
62 680

9,091
9 402

1967 June 30
Dec. 30 . .

Digitized for FRASER


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

39

MONETARY SYSTEMSUMMARY MEASURES


1.7
1941

Nature of classified change

1942

CHANGES IN THE NUMBER OF COMMERCIAL BANKS, BY


1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

All commercial banks


Increase
Primary organizations
Decrease
.
Suspensions
Consolidations and absorptions:
Converted into branches
Other
Voluntary liquidations
.

53
53

22
22

49
49

69
69

117
117

144
144

111
111

80
80

72
72

68
6H

62
62

73
73

110
8

167
9

152
4

111
1

99

111

96
1

87

93
4

104
I

96
3

116
3

89
69

86
62

72
38

BO
19

54

55
29
11

56
19
12

58
19
12

71
20
12

58
24
11

82
18
13

. .

-10
+1
+3
14,278 14,136 14,034 13,992

Unclassified (net change)


Number at end of year

1?

14,011 14,044

+ 122 t
-3
4- 1
+6
+2
14,181 14,171 14,156 14,121 14,089 14,046

National banks
Increase
,.
Primary organizations
Conversions from State member. . .
Conversions from nonmember

13
7
4
2

Decrease
. . .
Suspensions
Consolidations and absorptions:
Converted into branches
Other
Voluntary liquidations
Conversions to State member
Conversions to nonmember

40
4

6
2
g

Unclassified (net change) .


Number at end of year

5,117

13
3
5
5

21
8
6
7

33
17
7
9

35
21
11

27
19
6
2

\\
2

19
12
4
3

54
2

36

41

45

29

32

35

28

34
11

27
5

34
2

/ 21
{ .9

19
7
2

21
9

5,040 1 5,025

5,017

5,007

5,005

4,991

2
3
41

5,081

12
7
3

11
9
' ' ' " '2

15
15

29

30

45

21
6
1

22
5
2

32
6
1
1
5

4,975

4,958

4,939

4,909

..
24

State member ban cs


Increase
Primary organizations
Admissions of nonmember
Conversions from national
Decrease
Suspensions
Consolidations and absorptions:
Converted into branches
Other
Voluntary liquidations
Conversions to national
Withdrawals from membership

. .

, .

106
2
104

117

113

95

65

108

87

56

52
14
38

32
5
27

22
6
15
1

17
8
9

113

17
4
12
1

12

10

17

22

17

39

27

23

32

19

24

29

7
2
5
3

; 12

14
3

11

11

1
6
7

11
4
I
6
5

16

17
3

4
5

5
1
2
2

11

1,864 | 1,890
1,915
1
!

1,924

V,9i4

1,912

1,898

1,886

63
51
1
11

68
54
69
3

169
166
2

. .

Unclassified (net change 1


Number at end of year .

1,499

1,595

1,695

,
1,786

11
11

7
2

4
11

Nonmember commercial banks


56
45
6
5

28
20
6
2

52
42
7
3

67
56
4
7

99
92
5

127
114
2
11

84
78
J
3

66
60
2
4

66
54
I
11

58
53
1

243
4

233
9

214
2

185

151

110

92

68

61
4

75
1

. . . . ) 37
34
2
166

56
61
3
104

45
49
5
113

37
32
7
108

38
17
9
87

25
18
8

19

20
9
10

fS11

15

25
33
1?
9
12
9
2
8 J2'

7,662

+3
7,460

-i-6
7,267

7,251

Increase
Primary organizations. . . .
Conversions from national
Withdrawals from membership
Decrease
Suspensions
Consolidations and absorptions:
Converted into branches
Other . . . .
Voluntary liquidations
Conversions to national
Admissions to membership
Unclassified (net change)
Number at end of year

Digitized for FRASER


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

. . .

7,299

40

7,isi

+1
7,130

(|
/

21

56

38

7,147

+ 122
7,261

11
2
27

7,256

7,252 ) 7,251

MONETARY SYSTEMSUMMARY MEASURES


CLASS OF BANK AND BY CHARACTER OF CHANGE, 1941-70
1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

AH commercial banks
64
64

73
73

116
116

123
123

89
89

97
97

117
117

135
135

112
112

183
183

298
298

336
336

198
198

118
118

102
102.

87
87

134
134

185
185

129
4

216
3

240
4

199
3

163
3

164
8

172
3

137
2

153
9

188
2

155
2

143
8

156
7

142
1

148
4

130

151
4

159
1

92
23
10

175
31
7

204
27
5

166
23
7

134
23
3

126
25
5

148
18
3

106
25
4

126
13
5

164
18
4

139
12
2

120
13
2

130
19

113
24
4

114
19
11

120
10

128
18
1

127
23
8

+2
+2
13,981 13,840 13,716 13,640 13,568 13,501

-1
+1
=1
-10
=3
+ 28
+1
+1
13,474 13,472 13,432 13,427 13,569 13,761 13,804 13,770 13,721 13,679 13,662 13,688

National banks

14
12
1
1

30
18
4
g

36
28
2
6

39
30
2
7

24
20
2
2

25
19
3
3

30
23
6
1

47
32
9
6

35
26
9

76
63
13

188
162
8
18

232
200
13
19

111
88
10
13

48
25
13
10

29
18
4
7

27
14
7
6

33
16
8
9

52
40
7
5

67

98

132
2

80
1

57
1

67
1

73

59

52
2

86

76

74
1

69
2

63

70

69

SO
2

100
1

54
9

80
14
1

65
10
1

45
8

56
9

64
7

40
10

44
5

72
8

55
7
1

48
6

53
11

54
3

42
5

53
7

63
3
1
1
5

53
7

115
10
1
1
3

2
7

12

3
28

39

4,856

+1
4,789

1
4,692

+2
4,620 4,578

+7
4,542

4,758

4,716

4,669

4,621

4,651

4,530

13

4,513

4,503

4,615

4,773

4,815

1
4,799

State member banks


20
10
10

18
6
12

21
4
16
1

16
6
10

10
3
7

9
2
7

9
4
5

12
5
7

7
2
5

9
4
5

7
3
4

8
3
4
1

5
4
1

11
5
4
2

4
3
1

4
1
3

13
7
3
3

8
8

23
1

34

42

56

48
1

48

52

58

50
1

64

58

49

51

66

42
1

55

73
]

63

14
3

22
4

34
4

26
6

25
5

27
2

31

26
2

14
3

17
1

18
3

12
4

7
1

17
5

15
3

4
4

2
2

2
13

15

27
3
1
6
15

19
5

9
25

4
M6

3
25

8
22

13
19

io

36
3
1
2
14

23

13
32

4
21

7
40

8
42

7
38

+1
1,884

1,868

+1
1,848

1,808

1,770

1,731

1,688

1,642 1,599

1,544

1,493

1,452

1,406

1,351

1,313

1,262

1,202

1,147

Nonmember commercial banks

50
42
4
4

56
49
3
4

89
84
3
2

104
87
3
14

82
66
3
13

92
76
1
15

107
90
2
15

132
98
9
25

101
84
1
16

147
116
6
25

168
133
13
22

157
133
5
19

136
106
7
23

127
88
7
32

107
81
5
21

124
72
12
40

181
111
28
42

214
137
39
38

59
3

115
3

96
2

99
2

85
1

78
8

76
3

76
2

82
6

87
2

86
2

81
7

90
5

81
1

74
2

74

91
1

85

24
11
10
1
10

73
13
6
8
12

55
13
4
6
16

65
10
5
7
10

63
9
3
2
7

45
11
04
3
7

57
8
2
1
5

47
10
4
6
7

55
6
5
5
5

61
5
4
10
5

58
3
1
18
4

43
7
1
19
4

60
11

49
4
11
7
1

59
6

13
1

47
15
4
10
4

6
3

69
8
1
9
3

59
13
8
5

=1
7,241

+1
7,183

7,176

7,181

7,178

7492

+ 21
7,244

7,300

+1
7,320

7,380

-1
7,461

-1
7,536

+1
7,583

-9
7,620

-3
7,650

+1
7,701

7,791

7,920

c
1

Corrected.
Includes involuntary liquidation of one bank.

Digitized for FRASER


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

NOTE.Figures include private banks. Reopenings of suspended banks


are included in "Unclassified" category.

41

MONETARY SYSTEM- SUMMARY MEASURES


1.8

NUMBER OF BANKS ON THE PAR LIST AND NOT ON THE PAR LIST,
[End of

F. R. district and class of bank

1941

All districts:
On par list total
11,543
Member
6,619
Nonmember
. . . . 4924
Not on par list (nonmember)
2,731

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

11,422
6,679
4743
2,710

11,501
6,738
4,763
2,529

11 552
6,814
4738
2,445

11 876
6,884
4992
2,133

11 957
6894
5063
2,086

12037
6917
5 120
2,041

12061
6912
5 149
2,011

12 178
6887
5 291
1,873

12 162 12 158 12 122 1 12 085


6 868 6 835 6792 6' 7 37
5*294 5 323 5 330 5 348
1,853 M29
1,820
1,801

Boston:
On par list, total . .
Member . . .
Nonmember
Not on par list (nonmember)

509
347
162

508
348
160

504
346
158

503
347
156

495
340
155

490
336
154

493
336
157

495
336
159

485
329
156

475
325
150

471
323
148

469
121
148

464
316
148

New York:
On par list, total
Miembcr
Nonmember
. ...
Not on par list (nonmember)

992
797
195

987
799
188

976
806
170

964
816
148

955
814
141

936
801
135

926
797
129

908
783
125

894
768
126

873
751
122

858
737
121

837
720
117

814
700
114

Philadelphia:
On par list, total
Member ,
Nonmember
. ...
Not on par list (nonmember)

883
659
224

873
652
221

862
646
216

858
647
211

851
647
204

846
649
197

844
647
197

841
645
196

836
640
196

835
639
196

829
632
197

820
621
199

799
607
192

. ..

1,211
673
538
2

1,195
685
510
2

1,183
707
476
2

1,180
710
470
1

1,177
721
456

1,168
722
446

1,145
710
435

1,134
704
430

1 125
700
425

1,117
693
424

1 106
685
421

1 090
673
417

1 065
652
413

Richmond :
On par list total
Member . .
....
Nonmember
Not on par list (nonmember)

722
447
275
289

722
460
262
288

724
465
259
284

733
468
265
274

756
472
284
249

785
475
310
228

790
475
315
220

798
478
320
211

804
479
325
208

804
477
327
203

812
477
335
196

812
477
335
193

814
477
337
193

Atlanta:
On par list, total
.
Member . . . . .
Nonmember .
Not on par list (nonmember)

399
317
82
704

405
318
87
693

400
316
84
696

408
316
92
696

489
325
164
626

516
331
185
628

547
340
207
619

557
346
211
626

577
351
226
611

596
353
243
601

618
355
263
599

630
360
270
594

642
363
279
589

2,237
899
1,338
220

2,226
925
1,301
215

2,349
953
1,396
86

2,361
969
1,392
71

2,396
995
1,401
62

2,416
999
1,417
57

2,428
1,000
1,428
56

2,434
1,003
1,431
54

2,490
1,001
1 489

2,487
1,005
1,482

2483
1,009
1 474

2476
1 005
1 471

2480
1 Oil
1 469

1,058
437
621
443

1,035
450
585
446

1,051
456
595
413

1,073
475
598
387

1,093
490
603
366

1,111
495
616
356

1 115
495
620
352

1,126
495
631
343

1 135
496
639
337

1,134
496
638
336

1 139
495
644
325

1 140
'493
647
323

1 144
493
651
316

557
454
103
718

555
454
101
715

566
467
99
702

588
472
116
685

592
470
122
680

609
475
134
669

620
476
144
658

678
478
200
600

677
477
200
598

677
476
201
597

676
476
200
600

677
472
205
598

1,646
741
905
176

1,608
744
864
173

1,593
741
852
167

1,590
749
841
164

1,732
751
981
15

1,731
753
978
19

1,740
758
982
11

1,740
760
980
9

1 740 1 749 1 743


756 I
756
751
984
992
993
9
9 j
9

1 745
752
993
9

1 752
753
999
7

Dallas:
On par list, total
Member
Nonmember
.
....
Not on par list (nonmember)

814
573
241
152

809
570
239
149

814
575
239
143

824
580
244
136

849
585
264
120

868
595
273
113

897
613
284
110

906
618
288
109

914
623
291
108

922
630
292 i
106

931
633
298
103

939

^05
101

947
635
312
98

San Francisco:
On par list, total
Member
Nonmember
,
Not on par list (nonmember)

505
277
228
29

497
274
223
26

490
273
217
23

492
270
222
14

495
272
223
10

498
268
230
5

503
271
232
4

502
268 I
234
1

500
266
234

493
266 !
227

491
262
229

488
260
228

487
258
229

Cleveland :
On par list, total , .
M^ember
Nonmember
Not on par list (nonmember)

Chicago:
On par list, total
Member
Nonmember

. ...

St. Louis:
On par list total
Member . . .
Nonmember ,
Not on par list (nonmember)
Minneapolis:
On par list, total
Member. ,
Nonmember
Not on par list (nonmember)
Kansas City:
On par list, total . .
Member
Nonmember
.
Not on par list (nonmember)

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Federal Reserve Bank of St. Louis

567
452
115
716 i

42

r>34

MONETARY SYSTEMSUMMARY MEASURES


BY FEDERAL RESERVE DISTRICT AND BY CLASS OF BANK, 1941-70
year]

1959

1954

1955

1956

1957

11,960
6,654
5,306
1,787

11,862
6,537
5,325
1,785

11,815
6,456
5,359
1,754

11,759
6,387
5,372
1,741

454
311
143

444
303
141

435
298
137

430
293
137

422
286
136

415
276
139

408
268
140

398
260
138

391
253
138

388
251
137

787
680
107

728
625
103

685
586
99

655
559
96

630
530
100

602
507
95

585
491
94

570
475
95

547
451
96

777
587
190

743
563
180

717
547
170

698
533
165

672
513
159

651
499
152

636
488
148

616
474
142

1,029
632
397

1,002
615
387

986
606
380

976
599
377

964
589
375

938
572
366

928
565
363

817
476
341
187

821
473
348
177

819
470
349
168

816
465
351
162

806
455
351
157

797
447
350
151

659
373
286
585

682
379
303
586

721
391
330
577

737
397
340
575

757
401
356
566

2,485
1,017
1,468

2,484
1,022
1,462

2,477
1,020
1,457

2,473
1,019
1,454

1,142
490
652
315

1,151
492
659
308

1,165
492
673
300

1,167
491
676
300

679
473
206
601

684
473
211
601

688
473
215
599

1,747
749
998
7

1,752
749
1,003
7

1,758
752
1,006
6

957
632
325
92

969
634
335
91

427
234
193

402
209
193
15

1958

1960

1961

1962

1963

1964

1965

1966

11,893 12,128
6,107 6,224
5,786 5,904
1,594
1,547

12,221
6,220
6,001
1,492

12,238
6,149
6,089
1,449

382
250
132

384
251
133

385
248
137

384
247
137

530
426
104

530
419
111

516
409
107

512
400
112

592
456
136

578
443
135

554
421
133

541
408
133

909
551
358

883
527
356

867
513
354

852
506
346

785
435
350
143

778
428
350
131

763
421
342
118

752
413
339
107

780
403
377
557

809
418
391
558

836
420
416
546

864
430
434
541

2,473
1,018
1,455

2,464
1,005
1,459

2,470
997
1,473

2,479
1,002
1,477

1,174
489
685
293

1,184
488
696
290

1,187
480
707
289

694
476
218
599

701
477
224
597

1,755
749
1,006
6

1,757
749
1,008
6

986
634
352
89

1,001
634
367
84

378
187
191
15

360
174
186
15

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Federal Reserve Bank of St. Louis

1968

1969

1970

12,266 12,666
6,071
5,977
6,195 6,689
1,375
932

12,786
5,870
6,916
792

13,100
5,773
7,327
501

380
243
137

379
236
143

376
231
145

499
384
115

491
374
117

488
364
124

476
352
124

522
387
135

501
370
131

492
359
133

483
345
138

456
321
135

843
504
339

836
498
338

826
492
334

816
484
332

806
475
331

794
470
324

759
418
341
95

748
409
339
84

732
399
333
80

732
392
340
70

715
378
337
62

699
366
333
50

694
361
333
39

923
467
456
533

1,006
502
504
514

1,063
520
543
492

1,091
524
567
470

1,123
528
595
447

1,164
536
628
426

1,278
538
740
334

1,531
546
985
121

2,499
1,005
1,494

2,509
1,010
1,499

2.523
1,016
1,507

2,527
1,006
1,521

2,537
995
1,542

2,545
987
1,558

2,550
974
1,576

2,547
952
1,595

2,563
943
1,620

1,192
478
714
280

1,200
474
726
276

1,217
475
742
269

1,237
481
756
256

1,262
483
779
242

1,272
480
792
235

1,291
478
813
215

1,309
474
835
197

1,354
465
889
152

1,407
459
948
104

708
474
234
598

711
476
235
598

710
470
240
602

724
485
239
607

745
494
251
607

754
495
259
603

760
494
266
595

780
493
287
576

1,176
489
687
181

1,179
490
689
179

1,187
489
698
178

1,768
755
1,013
6

1,770
756
1,014
4

1,775
756
1,019
4

1,796
764
1,032
3

1,841
796
1,045
2

1,887
830
1,057

1,908
835
1,073

1,919
835
1,084

1,924
836
1,088

1,931
833
1,098

1,941
829
1,112

1,952
807
1,145

1,014
631
383
83

1,036
633
403
81

1,063
632
431
77

1,074
630
444
75

1,104
632
472
75

1,160
656
504
74

1,196
672
524
71

1,211
675
536
69

1,220
673
547
67

1,224
667
557
66

1,226
651
575
65

1,229
640
589
77

1,274
639
635
59

359
169
190
15

359
165
194
8

362
165
197
3

371
160
211
2

375
162
213
2

404
172
232
2

457
215
242
2

464
225
239
2

452
216
236
2

437
197
240
1

416
182
234
1

403
170
233

390
155
235

11,722 11,695 11,711 11,709 11,724


6,169
6,110
6,306 6,227
6,045
5,542
5,599
5,679
5,416 5,468
1,690. 1,672 1,636
1,719
1,617

691
474 .
217
599

1967

43

Section 2

MEMBER BANKS
Contents
INTRODUCTION

47

CURRENCY AND COIN

CHANGES IN MEMBERSHIP

48

CLASSIFICATION FOR RESERVE


PURPOSES

BALANCES WITH DOMESTIC AND FOREIGN


BANKS
55

49

CASH ITEMS IN PROCESS OF COLLECTION _ 55

BRANCH REPORTS

50

CUSTOMERS' LIABILITY ON ACCEPTANCES 55

CLASSIFICATION OF LOANS

50

OTHER ASSET ITEMS

55

CLASSIFICATION OF INVESTMENTS 51

NUMBER OF BANKS _

56

CLASSIFICATION OF DEPOSITS

51

DEPOSITSGENERAL

56

DEMAND DEPOSITS ADJUSTED

52

CERTIFIED AND OFFICERS' CHECKS, ETC. 56

NET DEMAND DEPOSITS

52

INTERBANK DEPOSITS

56

BORROWINGS

57

55

OTHER ITEMS AND CHANGES IN


REPORTING

53

ACCEPTANCES OUTSTANDING

57

LOANS AND INVESTMENTS .

53

OTHER LIABILITIES

57

RESERVES WITH FEDERAL RESERVE BANKS 54

CAPITAL ACCOUNTS

57

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45

Tables

2.1

All Member Banks, Call Dates, 1939-70


A. Total Assets and Number of Banks
B. Total Liabilities
.
C. Classification of Loans
D. Classification of Investments
E. Classification of Deposits
2.2 Reserve City Member BanksNew York City, Call Dates, 1939-70
A. Total Assets and Number of Banks
B. Total Liabilities
C. Classification of Loans
D. Classification of Investments
E. Classification of Deposits
_
2.3 Reserve City Member BanksCity of Chicago, Call Dates, 1939-70
A. Total Assets and Number of Banks
B. Total Liabilities
.
C. Classification of Loans
D. Classification of Investments
E. Classification of Deposits
2.4 Reserve City Member BanksOther, Call Dates, 1939-70
A. Total Assets and Number of Banks
B. Total Liabilities
C. Classification of Loans
D. Classification of Investments
E. Classification of Deposits
.
2.5 Country Member Banks, Call Dates, 1939-70
A. Total Assets and Number of Banks
B. Total Liabilities
C. Classification of Loans
D. Classification of Investments
^___
E. Classification of Deposits

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46

60
62
65
67
, 70

73
75
78
80
83
86
88
91
93
96
99
101
104
106
109

112
114
117
119
122

Section 2

MEMBER BANKS

INTRODUCTION
At the end of 1970 member banks of the
Federal Reserve System held more than fourfifths of the assets of all commercial banks in
the United States. This section presents detailed statistics on the condition of these member banks: all national banks in the 50 States
and the District of Columbia, which are required by law to be members of the System,
and those State banks that have become members upon meeting certain requirements.
"Call reports"supplied by the banks upon
call by the supervisory j^^rUies-^^e^Jhe
source of these statistics on .condition^ As required T?y law, the Comptroller of the Currency issues calls on national banks, and the
Federal Reserve issues calls on State banks
that are members of the Federal Reserve System. Since the beginning of 1961 all member
banks have been required by law to submit at
least four call reports each year; however, data
for only two of the callsthe midyear and the
year-endhave been tabulated in most years.
Previously only three calls had been required,

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but four were usually made, Detailed instructions issued by each supervisory authority for
preparation of call reports are identical in most
respects. Any differences in statistics resulting
from differences in instructions have been adjusted in the process of tabulation.
Data in this section are based on figures collected by the two banking supervisory agencies. Data for the period through 1968 were
published by the Board in its Summary Report
Assets and Liabilities of Member Banks.*
Since then the data have been shown in Assets and Liabilities of Commercial and Mutual
Savings Banks published by the Federal Deposit Insurance Corporation (FDIC). Similar
figures, in less detail, are published in the Federal Reserve Bulletin.
The tables in this section summarize the
principal assets and liabilities of member
banks on call dates for the period 1939-70.
1
Until 1962 the Summary ReportAssets and
Liabilities of Member Banks was called Member
Bank Call Report.

47

Member Banks

acter of demands that may be made on the


banks.
The following paragraphs describe the principal factors that affect the comparability of
data shown in the tables in this section. The
descriptions cover the changes in classification
and content of the important balance sheet
items and indicate how the new classifications
compare with those shown for earlier years in
Banking and Monetary Statistics (1914-41),
More detailed information about the content of
individual items in the tables appears at the
end of this section.
Among the more important factors affecting
comparability of statistics relating to member
banks are changes in membership in the Federal Reserve System, changes in the classification of banks for reserve purposes, and the
consolidation of branch reports with headoffice reports for banks operating branches.
Changes in reporting requirements also affect
comparability. Beginning with June 1969, for
example, banks were required to submit consolidated reports including figures for all majority-owned bank premises subsidiaries and
other significant majority-owned domestic
subsidiaries.4 Mergers and consolidations
whether between member and nonmember
banks or between member banks having different reserve classifications-also affect the comparability of the figures over time.

Table 2.1 shows data for all member banks;


Table 2,2, for reserve city banks in New York
City; Table 2,3, for reserve city banks in Chicago; Table 2.4, for other reserve city banks;
and Table 2.5, for country banks, Parts A and
B of each table show major assets and liabilities, respectively; Part C, a classification of
loans; Part D, a classification of investments;
and Part E, a classification of deposits. It
should be noted here that in Tables 2.2 and
2.3 the reserve classificationreserve cityis
used to denote banks in New York City and
Chicago, even though the two cities were officially "central reserve cities" until July 28,
1962, as described later.2
Statistics of loans and investments made by
banks show the volume and kinds of credit extended to different types of borrowers. These
data, together with information on reserves
and borrowings,3 indicate the liquidity of bank
assets and also, under normal conditions, the
nature of banks' response to the credit demands of their customers. On the other hand,
the amounts and types of deposits that banks
holdwhether as checking or as savings and
other time depositsindicate the asset preferences of the various broad classifications of
customers of banks and the volume and char2
Beginning Nov. 9, 1972, designation of banks as
reserve city banks for reserve-requirement purposes
has been based on size of bank (net demand deposits
of more than $400 million).
3
For data on member banks' reserves and their
borrowings at Federal Reserve Banks, see "Member
Bank Reserves and Related Items/' Section 10 of this
publication.

Consolidation of subsidiaries raised total assets


and total liabilities and capital accounts by an estimated S860 million at all commercial banks. (Comparison not available for member banks.)

CHANGES IN MEMBERSHIP
Membership in the Federal Reserve System
is increased by the establishment of new national banks, by the conversion of nonmember
banks into national banks, or by admission of
State banks (new or existing) to membership.
As a result, assets of member banks increase.
Absorptions of nonmember banks by member

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Federal Reserve Bank of St. Louis

banks also cause total member bank assets to


increase. Conversely, member bank assets decline when State member banks withdraw
from Federal Reserve membership, when national banks convert into State banks and then
withdraw from membership, or when nonmember banks absorb member banks.

48

Section 2

CLASSIFICATION FOR RESERVE PURPOSES

in outlying sections of reserve cities as country


banks. Beginning with July 28, 1959, it has
had the authority to designate banks in reserve
citiesregardless of the location of the bank
within those citiesas country banks on the
basis of the character of business transacted by
the bank.
On December 31, 1941, 6 of the 7 member
banks located in the Boroughs of Brooklyn
and the Bronx of New York City were classified as reserve city banks, and all 12 members
in the Boroughs of Queens and Richmond
were classified as country banks. (One member bank in the Borough of Brooklyn, with a
branch in the Borough of Manhattan, remained a central reserve city bank,) Likewise,
there were 33 member banks in Chicago classified as reserve city banks; the remainder
were classified as central reserve city banksv
(No bank in Chicago was classified as a country bank.) There were 48 member banks in 17
other reserve cities that were classified as
country banks at the end of 1941. The banks
thus reclassified were relatively small, typically
neighborhood banks.
On December 31, 1970, there were 12
member banks located in the five Boroughs of
New York City that were classified as country
banks. The only banks classified as reserve city
banks were located in the Borough of Manhattan, and there were 11 such banks. In Chicago
there were 43 member banks classified as
country banks and only 9 classified as reserve
city banks. There were 257 member banks in
40 other reserve cities classified as country
banks at the end of 1970. Banks that have
been reclassified as country banks are the
smaller banks in their respective reserve cities,
and the character of business transacted by
these banks is unlike that generally transacted
by reserve city banks.

Under the National Bank Act, national


banks were permitted to carry some of their
reserves with other national banks in certain
designated cities, and the banks in these reserve cities in turn were required to hold
somewhat larger reserves than other banks.
Differentials in reserve requirements for various classes of banks were also required by the
Federal Reserve Act. The requirements were
generally higher for banks that were located
in large financial centers than for those in
small centers.5
The Federal Reserve Act also gave the
Board of Governors authoritypreviously
possessed by the Comptroller of the Currency
to classify cities for reserve purposes. Until
July 28, 1962, banks could be classified as
(1) central reserve city banks; (2) reserve
city banks; or (3) other banks, generally referred to as country banks. Pursuant to the
amendments to the Federal Reserve Act
passed in 1959, the Board's authority to classify or reclassify cities as central reserve cities
was terminated effective July 28, 1962, From
time to time the Board has changed its designations of cities as central reserve and reserve
cities.6
Not all banks in central reserve cities were
necessarily classified as central reserve city
banks, and not all banks in reserve cities were
classified as reserve city banks. Until July 28,
1959, the Board had authority to designate
banks in outlying sections of central reserve
cities either as reserve city banks or as country
banks. It also had authority to designate banks
5
For changes in reserve requirements by classes
of banks during the period June 21, 1917-Dec. 31,
1970, see Table 10.4 in Section 10 of this publication.
6
A complete list of changes in central reserve city
and reserve city designations, 1914-70, is given in
Table 10.5 in Section 10 of this publication.

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49

Member Banks

BRANCH REPORTS
However, for the tabulations herein, the assets
and liabilities of such branches are not consolidated with the assets and liabilities of the parent bank, as is done in the case of domestic
branches. Instead, only the net amount due
from or to each such branch is reflected in the
parent bank's report among "other assets" and
"other liabilities," as discussed later.7 At the
end of 1970, 81 member banks had in active
operation a total of 536 branches in 66 foreign
countries and overseas areas of the United
States.

Call reports submitted by a member bank


operating branches reflect the consolidated
condition of the bank and all of its domestic
branches regardless of location. The reports are
always tabulated according to the location and
reserve classification of the parent bank, even
if the branches are located in communities distant from the parent bank and outside the reserve city. However, if a bank that would normally be classified as a country bank maintains
an office in a reserve city, that bank may be
classified as a reserve city bank; if so, totals
for all of its offices are included in the reserve
city figures.
Member banks that operate one or more
branches in foreign countries or in U.S. dependencies and insular possessions must submit a separate report for each such branch.

7
Beginning with June 1969, banks with foreign
operations were required to publish a report of condition consolidating foreign branches and significant
majority-owned foreign subsidiaries with the bank's
domestic operations. These consolidated figures are
not included in the summary statistics as are the figures on domestic operations.

CLASSIFICATION OF LOANS
In the call report for December 31, 1938, a
new classification of loans based more on purpose of loan than on type of collateral was
adopted.8 This classification provided information on commercial and industrial loans, agricultural loans, and loans for the purpose of
purchasing or carrying securities made to others than brokers and dealers. The new classification substantially reduced the total for
"other loans," which then reflected principally
consumer loans to individuals. As of December 31, 1942, the figures for "other loans"
were broken down into "other loans to individuals" (4 categories) and "other." The categories of "other loans to individuals" that became available then were types of instalment

loans, for which figures had been reported on


separate schedules for several years. Beginning
with the June 10, 1959, call date, loans to
"other" financial institutions were reported
separately for the first time. Loans to such institutions had previously been reported largely
against "commercial and industrial loans" and
"other loans."
Continuity of some of these loan categories
was broken beginning December 31, 1965,
when Federal funds sold were excluded from
some of the loan categories and reported separately and again on June 30, 1967, when securities purchased under resale agreement were
also broken out and reported separately.9
Beginning with June 30, 1966, two types of

8
For a more detailed description of the classification of loans prior to 1938, see Banking and Monetary Statistics (1914-41), pp. 63, 64, 67, and 68.

9
For further information on Federal funds sold
and securities purchased under resale agreement, see
discussion on p. 54 and footnote 16 of this section.

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Section 2

"other securities." It is estimated that for all


commercial banks (not just member banks)
these changes increased the total for "other securities" by about SI billion.

loans(1) loans to farmers directly guaranteed by the Commodity Credit Corporation


and (2) Export-Import Bank portfolio fund
participationswere reclassified from loans to

CLASSIFICATION OF INVESTMENTS
The breakdown of investments other than
U.S. Government securities into major types
that was used in the tables in Banking and
Monetary Statistics (1914-41) has been replaced with totals for holdings of (1) State and
local government issues, (2) other bonds, notes,
and debentureswith separate figures for Federal agency issues and for other issues beginning
with 196110and (3) corporate stock through
mid-1965, After that such stock is combined
with "other" under "other bonds, notes, and
debentures." Beginning June 1969, certain investments in subsidiaries, formerly classified
as "other securities," are eliminated in the
consolidation process.

Since October 1928, figures have been available separately for (1) U.S. Government securities, by type of security, and (2) other
securities. During World War II banks' holdings of U.S. Government securities grew much
faster than their holdings of other securities,
and such holdings represented a much larger
proportion of the banks' total investments than
before the war. In the postwar period, however, holdings of U.S. Government securities
declined somewhat whereas holdings of other
securities rose at a rapid rate. At the end of
1970, as the tables in this section indicate,
holdings of the latter group accounted for 60
per cent of the securities portfolios of member
banks. The data in this section also show holdings of U.S. Government securities in four maturity groups.

10
Including certain guaranteed loans and portfolio
fund participations beginning June 30, 1966, as noted
above under "classification of loans."

CLASSIFICATION OF DEPOSITS
Deposit figures on a substantially comparable basis have been reported for the following
principal classes: interbank, U.S. Government
and postal savings, other demand, and other
time. Beginning with October 3, 1928, figures
have been available for various types of demand and time deposits: interbank (classified
into domestic and foreign); U.S. Government;
State and local government; certified and
officers' checks; and individuals, partnerships,
and corporations (IPC).
Beginning with April 12, 1961, the deposit
schedule was revised to provide the following
new items: (1) demand and time deposits

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due to mutual savings banks; (2) savings deposits, in the time category; and (3) demand
and time deposits due to foreign governments
and official institutions. Demand and time deposits due to mutual savings banks had previously been reported with other domestic interbank accounts, and deposits in the new
"foreign official" category had previously been
reported largely as foreign interbank acounts.11
11

A breakdown of IPC demand and time deposits


of savings and loan associations was obtained for the
period Dec. 31, 1965, to Dec. 31, 1968, but these figures are not shown separately here.

51

Member Banks

DEMAND DEPOSITS ADJUSTED


and deposits due to foreign commercial banks,
also previously excluded, accounted for $951
million. The reclassification of a large part of
the $654 million of demand deposits that foreign official institutions held in U.S. banks accounted for most of the remainder; of that
about $560 million had previously been classified as foreign commercial bank deposits, and
$50 million as domestic interbank. Accordingly,
less than $50 million of foreign official deposits
had been included in deposits of individuals,
partnerships, and corporations, and therefore
in the total for demand deposits adjusted.
Cash items in process of collection have always been deducted from gross demand deposits to eliminate, insofar as practicable, the
counting of deposits by both the bank on
which checks are drawn and the bank in which
they have been deposited. This double counting arises because banks give their depositors
credit for the checks that they deposit before
the checks are actually collected. Thus until
the checks reach the drawee banks and arc
charged to drawees' deposit accounts, both the
drawers and the drawees have the same funds
according to the banks' reports.

The tables showing principal liabilities of


member banks (Part B) include a memorandum item on "demand deposits adjusted."
This demand deposits adjusted figure is designed to measure the resources of a community on deposit with banks and readily
available for use.
Until early in 1961 demand deposits adjusted had represented gross demand deposits
less: (1) all interbank deposits (commercial
and mutual savings bank, domestic and foreign) ; (2) U.S. Government deposits; and (3)
cash items in process of collection. But beginning with April 12, 1961, a new concept was
adopted. This concept includes all demand deposits except those of the U.S. Government
and of domestic commercial banks, and it excludes cash items in process of collection.
As a result of these changes in concept, and
of certain ^classifications of data, described
below, demand deposits adjusted were about
$2.2 billion higher on April 12, 1961, than
they would have been under the previous concept and classification. Demand deposits due
to mutual savings banks, previously excluded,
accounted for $654 million of the increase.

NET DEMAND DEPOSITS


Another memorandum item on deposits
that appears in the tables on principal
liabilities is net demand deposits, which are
the amounts of deposits subject to reserve requirements according to the definition of the
term unet demand deposits" in effect on the
particular call date.12 Inasmuch as the definition of the term has been changed from time
to time, principally because of changes in law

and regulations, the series is not fully comparable throughout the period back to 1914.
After the Banking Act of 1935, and through
January 28, 1964, net demand deposits were
defined as the excess of all demand deposits,
including deposits due to other banks and the
U.S. Government, over cash items in process
of collection and demand balances due from
other banks except (1) Federal Reserve
Banks, (2) foreign banks or branches thereof,
(3) foreign branches of domestic banks, and
(4) private banks. In April 1943 an amendment to the law exempted U.S. Government

12
Member banks make reports of deposits at regular intervals for the purpose of computing the reserves required by law as described in Section 10 of
this publication.

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Section 2

war loan deposit accounts from reserve requirements; this exemption expired 6 months
after the cessation of hostilities.13

In December 1959 the Board changed the


definition of demand deposits to exclude drafts
drawn upon, or other authorizations to charge,
a member bank's reserve account at the Federal Reserve Bank. Effective January 29,
1964, it ruled that balances due from private
(unincorporated) banks are an allowable deduction for the computation of deposits for reserve purposes. (The law has never permitted
banks to make deductions from time deposits
in computing required reserves.)

13

For description of the composition of net demand deposits for earlier years and of the effect on
different classes of banks of the change in composition prescribed by the Banking Act of 1935, see
Banking and Monetary Statistics (1914-41) pp. 65
and 66. And for the principal changes in the definition of "due to banks" and of changes in the composition of "due from banks" up to the passage of
the Banking Act of 1935, see pp. 66 and 67 of that
publication.

OTHER ITEMS AND CHANGES IN REPORTING


are shown grossthat is, without deduction of
valuation reservesrather than net of such reserves as they had been shown before. This
raised total loans by $4,588 million and total
securities by $167 million.
In most years breakdowns of loans and investments are available only for the June and
December calls. However, beginning with the
fall of 1950 and continuing through the spring
of 1963, breakdowns are available for the
spring and autumn calls as well as for June and
December.
Figures for commercial loans include open
market paper. Figures for other loans to individualsbroken down into (1) instalment,
with separate figures for retail auto, other retail, repair and modernization, and other, and
(2) single-paymentare shown separately beginning with December 31, 1942. These were
all previously a part of "other loans."
Beginning with June 10, 1959, the call report schedule was revised to segregate loans to
nonbank financial institutions. The major components of the new loan item are: (1) loans
to sales finance companies, factors, etc., and to
mortgage companies and other real estate
lenderspractically all of which had been included in "commercial and industrial loans";
and (2) loans to personal finance and loan
companies, to savings and loan and similar associations, and to insurance companiesprac-

The following paragraphs describe the composition of various asset and liability items for
member banks for the period beginning with
1939, as shown in the tables in this section.
The general nature of the item is indicated, and
changes in the form of the call report affecting
the item are noted.14

LOANS AND INVESTMENTS


Prior to June 30, 1969, both total loans and
total investments are shown at net book value
that is, less charge-offs and valuation reserves. Overdrafts are included in the loan figures. Beginning with June 30, 1948, figures for
various loan items are shown gross (that is,
before deduction of valuation reserves); they
do not add to the total and are not entirely
comparable with prior figures. Similarly, beginning with December 31, 1965, the components
of U.S. Government securities are shown at
par value rather than at book value; they do
not add to the total and are not entirely comparable with earlier data.
Beginning June 30, 1969, figures for total
loans, total securities (and components), total
assets, and total liabilities and capital accounts
14
For details concerning the composition of items
before 1939, see Banking and Monetary Statistics
(1914-41) pp 67-71.

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53

Member Banks

tically all of which had been included in


"other loans." 1!i
Federal funds sold were reported separately
on the call report beginning with December
31, 1965. Previously they had been included
largely in "loans to banks/' with smaller
amounts included in "loans for purchasing and
carrying securities" and in "other loans."1G
Similarly, figures for securities purchased
under agreement to resell were reported separately beginning June 30, 1967. Prior to that
time they too had been reported in "loans/'
primarily in "loans to banks." (In the tables
here the combined totals of Federal funds sold
and of securities purchased under agreement
to resell are shown in the notes to Part C, which
appear at the end of Table 2.5 E.)
Holdings of foreign securities, shown as a
separate total in Banking and Monetary Statistics (1914-41) are included in "other bonds,
notes, and debentures" or in "corporate
stock." Holdings of Federal Reserve Bank
stock likewise are not shown separately. Securities of Federal agencies and corporations, reported separately for the first time in June
1961, are included here with "other bonds,
notes, and debentures." "Corporate stock" includes shares in savings and loan associations.

ber 1, 1959, banks were authorized to count


part of their vault cash (currency and coin) as
legal reserves, and after November 23S 1960,
to count all of it. In the data presented here
the two components of member bank reserves
are shown separately. There is a general requirement that reserve balances reported by
member banks should consist of collected
funds as shown by the member banks' books.
Some member banks, however, particularly the
smaller ones, do not make a distinction on
their books between cash items in process of
collection and collected funds. Consequently,
to some extent the amount of reserves with
Reserve Banks as reported by member banks
may exceed the amounts shown on the books
of the Reserve Banks.
Other differences in reporting, however,
tend to make the amounts of reserves reported
by the member banks smaller than the
amounts shown by the Reserve Banks. Many
member banks reduce their reserve balances,
as shown on their books, as soon as they draw
drafts on the Reserve Banks or authorize
charges to their reserve accounts in payment
of checks received from the Reserve Banks for
collection and remittancealthough the Reserve Banks do not make such charges until
receipt of the drafts or authorizations.
A similar result arises from the fact that the
Reserve Banks credit the reserve accounts of
member banks with the proceeds of notes and
other noncash items upon collection thereof,
although member banks are not in position to
make corresponding entries on their books
until notified that collection has been made.
This lack of synchronization of entries on the
books of the Federal Reserve Banks and of
the member banks accounts for the difference
between aggregate reserve balances as tabulated from member bank call reports and as
shown by the books of the Federal Reserve
Banks. For example, as of December 31,
1970, member banks reported $23,319 million
of reserve balances, compared with $24,150
million shown on the books of the Reserve
Banks (Table 9.1 of Section 9 of this publication).

RESERVES WITH FEDERAL RESERVE


BANKS
Between mid-1917 and December 1959 the
item "reserve with Federal Reserve Banks"
represented a bank's total reserve balance with
its Reserve Bank, and each member bank had
to satisfy its legal reserve requirements entirely
out of these balances. Beginning with Decem15
The remainder ($1 million) of the $5,277 million involved in the reclassification had been included
in "loans to banks." For a reconciliation of loans
outstanding on June 10, 1959, see Federal Reserve
Bulletin for January I960, p, 12.
16
The term "Federal funds" refers to credit balances with Federal Reserve Banks, which may be
purchased by member banks from one another, or
from nonmember institutions maintaining clearing accounts with Federal Reserve Banks, usually on a
day-to-day basis, for the purpose of replenishing reserves.

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54

Section 2

and payable immediately upon presentation in


the United Statesincluding checks with Federal Reserve Banks in process of collection
and checks on hand that will be presented for
payment through the clearing house on the following business day. Included are Government
checks and warrants drawn on the Treasurer of
the United States in process of collection, and
such other items in process of collection as are
payable immediately upon presentation in the
United States. Savings bonds on hand are reported as cash items in process of collection if
the reporting bank's practice is to forward
them for collection at least every other day.
Cash items in process of collection may be
viewed either as cash or as a deduction from
deposits. It is in the latter sense that the item
is used in computing net demand deposits and
demand deposits adjusted, as described earlier.
It should be noted here that many banks do not
make a distinction on their books between (1)
collected balances due either from Federal Reserve Banks or from other banks and (2)
checks in process of collection, but rather report all as balances. In that event figures for
cash items in process of collection are understated. The amount of understatement probably
is not large, however, and the fluctuations may
be unimportant.

CURRENCY AND COIN


"Currency and coin," designated by the term
"cash in vault" in Banking and Monetary Statistics (1914-41), consists of all U.S. coin and
currency held in a bank's vault, including currency and coin in transit to or from Federal
Reserve Banks. As already indicated, member
banks have been able to count all of their
vault cash as legal reserves since November
23, 1960.
BALANCES WITH DOMESTIC AND
FOREIGN BANKS
Statistics for balances with domestic banks
represent demand and time balances with
banks in the United States; they include such
balances with U.S. branches of both foreign
banks and foreign agencies.
Balances with foreign banks represent demand and time balances with banks in foreign
countries and balances with foreign branches
of other U.S. banks. (Net balances due from
or to their own branches in foreign countries
or in overseas areas of the United States are
included in "other assets" and "other liabilities," respectively.) Reciprocal balances with
foreign banks and their branches are always
reported gross, whereas those with domestic
banks are reported net.

CUSTOMERS' LIABILITY ON
ACCEPTANCES

CASH ITEMS IN PROCESS OF


COLLECTION

The item "customers' liability on acceptances" consists of the aggregate liabilities to a


bank of its customers on outstanding drafts
and bills of exchange that have been accepted
by the bank or by other banks for its account
and that are outstandingthat is, not held by
the bank; if the acceptances are held by the
bank, they are required to be reported as loans
and discounts.

Cash items in process of collection represent


the amounts that banks have credited to depositors* accounts but have not yet collected
from the banks on which the deposited checks
were drawn.17
The item consists of checks in process of
collectiondrawn on any banking institution
17
Checks for which deposit credit has been given
are charged back to depositors' accounts if collection
is not effected. Moreover, banks generally do not
permit depositors to draw on deposits for which
credit has been given in advance of actual collection
of the checks.

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OTHER ASSET ITEMS


Beginning in June 1964 several changes
were made in classifications of other items on

55

Member Banks

posit liabilities,16^ Usually, however, the series


for both total demand and total time deposits
are the same as those shown for later years of
the period covered by Banking and Monetary
Statistics (1914-41). Since that book was published, there have been a few changes in the
detail reported for types of deposits. Among
time deposits, figures for deposits of "individuals, partnerships, and corporations" broken
down between savings and time deposits were
not available for the period 1939-60. However, on the basis of the breakdown for years
beginning with 1961, it can be assumed that
the figures before 1961 represent mainly savings deposits.
Beginning with June 30, 1942, reciprocal
bank balances have been excluded from demand
balances with banks in the United States.

the balance sheet. The earlier classifications


and the changes are discussed below.
Before June 1964 the item "bank premises,
etc." included the net book valuethat is, less
charge-offs and depreciation reservesof (1)
premises actually owned by the bank and occupied by it or its branches, if any, (2) leasehold improvements, and (3) furniture and
fixtures owned. And "other real estate"
represented the net book value of all real estate owned other than bank premises, and investments and other assets indirectly representing bank premises or real estatethat is,
amounts of stocks and bonds indirectly representing real estate and the amount of loans,
contracts of sale, or other assets indirectly representing bank premises or other real estate.
Beginning June 1964 the categories "bank
premises, etc." and "other real estate" were
combined into an item designated in the call
report as "fixed assets." Beginning with the
December 1967 call, however, the two items
are again shown separately.
"Other assets" is a residual item. It includes
income accrued but not collected, expenses
prepaid, cash items not in process of collection, net amounts due from branches in foreign countries and in overseas areas of the
United States, and suspense debits.

CERTIFIED AND OFFICERS9


CHECKS, ETC.
The demand deposit item "certified and
officers' checks, etc." represents chiefly the liability of the bank on (1) checks certified but
not yet presented for payment and (2) checks
drawn on the bank by its officers but not yet
presented for payment. It also includes outstanding letters of credit and travelers' checks
sold for cash by the reporting bank or its
agent.

NUMBER OF BANKS
The figures for number of banks shown in
Part A of each table represent the number of
member banks in active operation that submitted condition reports as of the respective call
dates. They exclude inactive banks that may
not have been formally terminated through
voluntary liquidation, or suspension, and that
consequently may be included in other published series of existing banks.

INTERBANK DEPOSITS
There have been a number of changes in
the reporting of interbank deposits. Beginning
with December 31, 1938, all member banks
reported their reciprocal interbank balances on
a gross basis; before that date, these deposits
had not been reported on a uniform basis. Beginning with June 30, 1942, such balances
with domestic banks were reported on a net
basis. The effect of this change was to reduce
reported balances due from banks and reported balances due to banks by approxi-

DEPOSITSGENERAL
Since 1939 the Board has ruled a few times
on whether specific liabilities were, in fact, de-

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1S
For specific rulings, readers may refer to the
Federal Reserve Bulletin.

56

Section 2

ACCEPTANCES OUTSTANDING

mately $600 million each. Certified and


officers' checks, dividend checks, and letters of
credit and travelers' checks sold for cash were
regarded during various periods as deposits
"due to banks" for reserve purposes, but in
the tables presented here, they are excluded
from interbank deposits.
From time to time questions have been presented as to whether certain kinds of financial
institutions were "banks" within the meaning
of Section 19 of the Federal Reserve Act,
which relates to reserve requirements, or
within the meaning of some other provision of
law. In 1928, for example, the Board ruled
that deposits of Morris Plan banks and mutual
savings banks should be classified as demand
deposits due to banks,19 but that deposits of
building and loan associations should not be so
classified. In 1935, the Board ruled that the
term "banks" as used in Section 19 did not include private banks, but in 1964 it revoked its
1935 ruling, and beginning January 29 of that
year private banks have been classified as
banks for reporting purposes. These and other
such rulings had some effect on the amounts
reported as due to and due from banks, but no
attempt has been made to obtain any statistics
on the effect of these rulings on reported figures, and there is no reason to think that the
comparability of the series has been affected
materially.

The principal components of "other liabilities," a residual item, on December 31, 1970,
were net amounts due to own branches in foreign countries and in overseas areas of the
United States, expenses accrued and unpaid,
income collected but not earned, dividends declared but not yet payable, securities borrowed, and suspense credits and miscellaneous
liabilities. The composition of the item has
changed from time to time, partly as a result
of rulings on whether certain transactions resulted in deposit liabilities or in other liabilities,
as already mentioned. The rapid growth in
other liabilities that began in 1966 reflected in
part increases in large banks' liabilities to their
own foreign branches as these banks obtained
funds from the Euro-dollar market through
their foreign branches.

BORROWINGS

CAPITAL ACCOUNTS

Figures for borrowings represent the total


amount borrowed by a bank from all sources
on its own promissory notes, on notes and bills
rediscounted, and on any other instruments
given for the purpose of borrowing money; the
figures also include Federal funds purchased
and, since December 1957, loans and securities sold under repurchase agreement.20

The capital accounts shown in the tables on


liabilities are common stock, preferred stock,
surplus, undivided profits, and reserves for
contingencies.
The figures for preferred stock are the total
par value of such stock, plus the face amounts
of capital notes and debentures issued by
member banks.
The figures for common stock are obtained
by deducting figures for preferred stocks, as
described above, from the total of common
stock, preferred stock, and capital notes and
debentures.

The item "acceptances outstanding" represents the amount of outstanding drafts and
bills of exchange accepted by a reporting bank
or by other banks acting as agents for the reporting banks, less own acceptances acquired
by the reporting bank through discount or purchase.
OTHER LIABILITIES

19

Deposits of mutual savings banks were included


with domestic interbank deposits until early 1961.
20
Monthly figures of borrowings by member banks
at Federal Reserve Banks are shown, by class of
bank, in Table 10.2 of Section 10 of this publication.

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57

Member Banks

tirement account under a plan for retirement


of preferred stock or capital notes and debentures contained in a bank's articles of association or agreement, under which such preferred
stock or capital notes and debentures were issued. Also included are amounts set aside for
possible or unforeseen decrease or shrinkage in
the book value of assets, or for other unforeseen or indeterminate liabilities not otherwise
reflected on a bank's books not covered by insurance.

"Surplus" and "undivided profits" are the


amounts formally transferred to these accounts
up to the respective call dates, but no amount
reported as "book" surplus or undivided profits was included as such if such transfer impaired the capital stock.
"Reserves for contingencies" include (1) reserves for dividends payable in common stock,
(2) reserves for other undeclared dividends,
and for accrued interest on capital notes and
debentures, and (3) amounts set aside in a re-

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58

2.1 ALL MEMBER BANKS


A.

TOTAL ASSETS AND NUMBER OF BANKS


[Assets in millions of dollars]

Loans and investments

Call date

Total
assets

Investments
Total

Loans

Total

r
1

U.S.
Govt.
Other
securities securities

Reserve
with
F. R.
Banks

Currency
and
coin

Balances with

Domestic
banks

Foreign
banks

Cash
items

Bank
premises,
etc.

Other
real
estate

Customers'
liability
on
acceptances

Other
assets

Number
of
banks

1939 Mar. 29.


June 30
Oct. 2.
Dec 30

49,645
51,908
54,401
55,361

32,095
32,603
33,075
33,941

13,047
13,141
13,470
13,962

19,048
19,462
19,605
19,979

13,351
13,777
13,810
14,328

5,697
5,685
5,794
5,651

9,112
10,011
11,617
11,604

111
712
774
841

4,403
4,674
5,304
5,506

46
43
40
24

1,481
2,183
1,921
1,807

942
934
932
924

461
452
443
418

107
102
81
108

220
194
215
188

6,331
6,330
6,339
6,362

1940 Mar. 26
June 29.
Dec. 31

56,233
57,846
62,658

34,163
34,451
37,126

13,939
13,969
15,321

20,224
20,482
21,805

14,421
14,722
15,823

5,803
5,761
5,982

12,279
13,751
13,992

862
789
991

5,634
5,751
6,185

23
16
11

1,562
1,523
2,784

922
917
914

404
371
339

98
79
83

286
199
231

6,377
6,398
6,486

1941 Apr
June
Sept.
Dec

4
30.
24
31.

63,088
64,857
66,497
68,121

38,983
40,659
41,943
43,521

15,878
16,729
17,546
18,021

23,104
23,930
24,397
25,500

16,988
18,078
18,338
19,539

6,116
5,852
6,059
5,961

13,531
12,959
13,246
12,396

837
999
,061
,087

6,340
6,293
6,562
6,246

7
10
7
11

1,796
2,429
2,147
3,383

919
913
915
911

331
319
305
278

81
79
65
72

263
198
246
216

6,528
6,556
6,596
6,619

1942Apr. 4.
June 30
Dec. 31.

67,458
69,946
84,917

44,287
46,800
59,263

17,834
16,928
16,088

26,453
29,872
43,175

20,449
24,098
37,546

6,004
5,774
5,629

12,725
12,295
13,072

884
,022
,019

6,271
5,770
6,147

11
12
13

1,806
2,622
4,030

913
913
904

268
255
228

62
59
41

231
198
201

6,629
6,647
6,679

1943June 30.
Oct. 18
Dec. 31.

90,821
102,085
99,372

67,155
78,112
74,258

14,823
17,716
16,288

52,332
60,397
57,970

46,980
55,255
52,948

5,353
5,142
5,022

12,093
12,128
12,835

,142
,150
,132

5,579
5,789
5,450

19
18
20

3,477
3,508
4,353

883
880
861

194
177
158

54
49
44

226
275
261

6,703
6,724
6,738

1944 Apr. 13.


June 30
Dec. 30.

101,943
108,684
118,706

78,027
83,587
91,569

16,135
18,084
18,676

61,892
65,503
72,893

56,771
60,339
67,685

5,121
5,164
5,208

12,497
12,813
14,261

,265
,143
,271

5,266
5,799
6,354

19
18
17

3,542
4,025
3,958

855
842
817

146
133
111

54
51
62

271
274
286

6,764
6,773
6,814

1945 Mar. 20.


June 30
Dec. 31

117,081
126,436
138,304

90,524
99,426
107,183

17,219
20,588
22,775

73,305
78,838
84,408

67,915
73,239
78,338

5,389
5*599
6,070

14,605
14,807
15,811

,365
,150
,438

5,772
6,486
7,117

17
24
23

3,570
3,299
5,456

813
801
788

106
93
84

47
41
66

263
309
338

6,823
6,840
6,884

1946- June 29
Sept. 30.
Dec. 31... . . . . .

131,400
128,781
127,241

102,032
99.706
96,362

23,302
24,775
26,696

78,729
74,931
69,666

72,272
68,232
63,042

6,458
6,699
6,625

16,001
15,792
16,015

,141
,382
,576

5,772
5,660
5,936

34
61
56

5,133
4,870
6,005

787
795
789 t

80
80
75

91
96
117

331
338
311

6,887
6,898
6,900

1947June 30
Oct. 6.
Dee. 31

124,797
128,290
132,060

94,802
97,328
97,846

28,655
30S738
32,628

66,146
66,590
65,218

59,198
59,288
57,914

6,948
7,302
7,304

16,040
16,946
17,797

,409
,496
,672

5,521
5,993
6,270

34
25
25

5,690
5,135
7,081

798
808
820

74
77
70

86
119
141

342
362
338

6,928
6,929
6,923

1948 Apr. 12
June 30.
Dec. 31

126,675
127,297
131,392

95,896
95,449
95,616

33,062
33,871
36,060

62,834
61,578
59,556

55,364
54,139 i
52,154

7,471
7,439
7,402 i

16,750
17,356
20,406

,563
,606 i
,486

5,374
5,419
5,674

19
23
29

5,637
5,899
6,608

837
847
872

72
73
72

156
192
180

371
434
450

6,932
6,925
6,918

1949Apr. 11
June 30.
Nov 1
Dec. 31

126,350
127,259
131,605
134,431

93,835
95,315
100,888
101,528

34,905
34,456
35,565
36,230

58,930
60,859
65,323
65,297

51,362
53,132
57,052
56,883

7,568
7,727
8,271
8,414

19,186
17,808
16,150
16,429

1,609
1,568
1,538
1,521

5,057
5,065
5,635
6,194

21
18
49
41

5,105
5,965
5,720
7J33

888
893
911
907

74
81
84
84

149
135 i
137
170

426
412
493
425

6,913
6,903
6,901
6,892

1950Apr. 24. . ..
June 30
Oct. 4
Dec. 30

131,032
133,742
136,176
144.660

101,521
102,745
104,367
107.424

36,785
37,658
41,612
44.705

64,736
65,087
62,755
62.719

55,575
55,759
52,618
52.365

9,161
9,328
10,137
10.355

15,643
15,864
16,536
17.459

1,653
1,358
1,686
1.643

5,288
5,478
5,718
6.868

36
50
142
142

5,313
6,629
6,029
9.413

923
925
946
957

86
97
99
100

147
171
233
209

422
424
421
447

6,891
6,885
6,885
6.873

Digitized for FRASER


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

1951

Apr 9
June 30
Oct 10
Dec 31

....

705
563
388
247

46 318
46,866
47 936
49 561

59 387
59,698
60452
62687

48 861
49,108
49 647
51 621

10527
10,590
10 805
11 065

19 305
18,946
19 857
19 912

1 713
1,403
1 930
2062

5 533
5,567
6 515
7 463

110
119
58
49

6 027
7,209
6 221
9,767

978
993
1 015
1,023

105
105
111
112

278
236
241
325

434
471
422
479

6 869
6,859
6 846
6 840

110 997
1 1 3 502
114 654
1 19 547

49429
50,526
51 314
55 034

61
62
63
64

568
976
340
514

50 174
51,261
51 382
52 763

11 394
11,715
11 958
11 751

19
19
20
19

586
333
300
810

1 772
1,821
1 651
2,081

6 372
6,470
6 110
7 378

41
40
46
75

7,289
8,383
6 574
9,911

1,048
1,066
1,080
1,100

111
111
110
112

350
286
287
324

497
530
581
488

6 826
6,815
6 808
6,798

154 401
154 258
158 228
163 983

116
115
120
122

489
789
185
422

55 646
55,613
56 633
57 762

60
60
63
64

843
176
552
660

48 798
48,318
51 506
52 603

12 045
11,858
12 047
12057

19 882
19448
19 215
19 997

1 883
1,956
2 010
1 870

5 961
6 378
6 323
7 554

46
58
51
63

8 088
8,627
8 319
9,897

1,130
1,141
1,166
1,179

112
114
116
114

307
275
340
375

502
472
501
511

6 770
6,765
6 753
6,743

140 188
141 612
144 757
153*439

105
106
108
112

1952 Mar 31
June 30
Sept 5
Dec 31

. . . 148 064
.... 151 540
151 393
.... 160 826

1953 Apr
June
Sept
Dec

20
30
30
31

....

1954Apr.
June
Oct
Dec

15
30
7
31

158,949
162,203
166 649
172 242

120,814
123,185
129 519
131 602

57,407
57,197
57 233
60,250

63,407
65,988
72 286
71 352

50,801
53,111
58 757
57,809

12,606
12,876
13 529
13 543

19,229
18,925
18 908
18 735

1,824
2,001
1 930
1,843

6,377
7,062
6 896
7 613

51
62
88
118

8,377
8,672
6927
9,767

1,212
1,228
1,261
1,292

104
106
107
110

403
359
386
580

559
603
627
583

6,731
6,721
6,703
6,660

1955_Apr 11
June 30
Oct. 5
Dec. 31

169 388
169,686
170,820
179 414

130 903
130,788
132,343
135 360

61 737
64,315
67,381
70,982

69 166
66,473
64,961
64 377

54,968
52,543
50,931
50,697

14 198
13,930
14,030
13,680

18 575
17.942
18,437
18 722

2 095
2.017
2J003
2,019

6 728
6 704
6,447
7 612

81
101
78
97

8,325
9,535
8,872
12,965

1,341
1,361
1,394
1,444

120
126
135
136

564
438
437
422

656
673
674
637

6,616
6,611
6,571
6,543

1956Apr.
June
Sept
Dec.

10
30
26
31

173 242
174 820
175 983
184,874

134 030
134 428
136 154
138,768

72,488
74 783
76 305
78,034

61 542
59 645
59 849
60,734

47,703
46 226
46*354
47,575

13,839
13 419
13 494
13,159

18 487
18 234
18 502
18,707

2,127
1 686
2' 296
2,487

6 720
6 787
6 429
8 124

68
65
120
59

9,063
10 765
9 471
13,529

1,480
1 523
1,568
1,604

138
145
151
157

432
484
589
705

697
704
703
736

6,519
6499
6,488
6,462

1957 Mar.
June
Oct.
Dec.

14
6
It
31

178,284
176 507
181,836
188,828

1 37,492
137 808
140,338
142,353

77,760
78 448
80,308
80,950

59,732
59 360
60030
61,403

46,235
45 829
46,241
47,079

13,497
13 531
13,789
14,324

18,628
18 501
19 203
18,973

2,196
2 065
1,889
2,536

6,287
5 931
6 586
7,806

62
72
63
76

10,292
8 700
10,035
13,355

1,645
1 688
1,753
1,770

161
172
186
198

754
748
958
983

767
823
825
779

6,455
6,445
6,418
6,393

... 184 159


194 003
190 784
202 017

142 571
151 589
150 684
154 865

79 784
82 146
80*798
84 061

62
69
69
70

787
443
885
804

47 867
53 165
53 285
54 299

14 920
16 277
16 600
16 504

18
18
17
18

569
570
953
428

2 015
2 277
2 370
2 441

6 690
6 913
6 625
7 977

54
104
116
112

10 210
10 626
9 126
14 230

1
1
1
1

806
873
912
955

205
212
220
221

1,174
948
848
841

865
893
930
946

6,382
6 357
6 339
6 312

12
10
6
31

195,549
197,265
199,084
205,726

153,728
155,289
155 942
157,879

84,074
88,431
92471
94,779

69 654
66,858
63 470
63,100

52,960
50,225
46 796
46,813

16,693
16,633
16,674
16,287

18,143
18,086
18 291
17,932

2,270
2,351
2 201
2,222

6411
6,375
6 700
7,532

76
94
86
108

10,982
10,949
11 670
15,715

2,004
2,062
2,159
2,208

223
236
233
244

787
726
687
746

925
,096
,116
,140

6,288
6,280
6,246
6,233

1960 Mar 15
June 15
Oct. 3
Dec 31

200 329
204,167
207,402
... 216 577

155 076
157,657
160,865
165 619

95 354
98,344
98,815
99 933

59 722
59,313
62050
65 685

43 605
43,526
45 969
49 106

16 117
15,788
16,080
16 579

17 806
17,918
17 552
16 720

2 326
2,427
2,249
2 518

6 898
6,913
7 275
8 582

75
94
140
136

13 653
14,524
14,209
17 799

2 261
2,319
2,413
2 366

259
278
287
331

948
970
,250
,383

027
,068
,164
122

6 221
6,217
6,197
6 174

1961 Apr
June
Sept
Dec

12
30
27
30

... 210 807


213,719
219 287
235 112

165 481
168 049
174 936
179 599

99 504
99,992
102 355
106 232

65 977
68 057
72 582
73 366

48 332
50 361
53 863
54 058

17 645
17,696
18 719
19 308

16
16
16
16

188
488
038
918

2 708
2 142
2 932
2 813

7 095
6 897
6 761
8 724

142
142
154
243

13 716
14 414
12 697
20 880

2 466
2 516
2 558
2 608

354
362
376
385

,469
,417
,513
,622

187
,290
322
'320

6 146
6,141
6 132
6,113

1962 Mar
June
Sept
Dec

26
30
28
28

....

224 68 1
232 359
234 833
249 488

179 272
183 497
186 518
195 698

106 765
109 212
111 993
118 637

72 507
74 285
74 526
77 061

51 924
52 065
51*323
52 968

20 583
22 219
23 203
24 092

16 519
16 839
16 999
17 680

2 866
2 399
2 553
3 263

6 833
7 182
7 291
7 897

179
169
149
227

13
16
15
18

076
264
295
361

2 660
2 711
2*772
2 839

401
398
408
409

,549
423
,365
587

,326
477
481
527

6,086
6070
6,053
6049

1963 Mar. 18
June 29
Dec. 20

244,456
251,214
261,469

195,060
199 495
210,127

118,490
122 088
131,712

76,570
77 407
78,415

51,461
50,399
49,342

25,109
27,008
29,073

16,098
16 529
17,150

3,005
2 644
3,131

7,689
7 690
7,359

194
233
287

16,136
17 833
16,468

2,897
3 095
3,325

412
365
363

,546
,517
,556

,420
,813
1,703

6,039
6,058
6,112

HH
^
iS

1964June 30
Dec. 31

269,437
.... 289,142

215 132
228,497

138,649
147,690

76 484
80 807

46,235
48,717

30,249
32,089

16 774
17 581

3,511
3,490

7 807
9 057

343
282

18 332
22,327

3,i 53
3,S>80

,645
,628

2,040
2,300

6,180
6,225

M
U

1965June 30
Dec. 31

. ..

296,049
313,384

237,328
251,577

158,832
169,800

78 496
81,777

43,396
44,992

35,100
36,785

17 842
17 992

3,853
3,757

7 831
8 957

240
243

20,431
21,864

4 269

4 \47

,755
,798

2,621
2,927

6,235
6,221

1966June 30
Dec. 31

..

321,220
335,500

258,638
264,627

179,127
183,743

79,511
80,884

39,942
41,924

39,569
38,960

18 094
19069

4 044
4,249

8 147
9,400

212
238

22 355
27,783

4 457
4 654

1,982
2,108

3,290
3,372

6,194
6,150

hri
S~
>
Z
W

1958 Mar 4
June 23
Sept 24
Dec 31
1959 Mar.
June
Oct.
Dec.

Digitized for FRASER


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

....

....

dd

C/2

A. TOTAL ASSETS AND NUMBER OF BANKSContinued

s
w

[Assets in millions of dollars]

ww

2.1 ALL MEMBER BANKS Continued

Loans and investments


Call date

Total
assets

Investments
Total

Loans

Total

Balances with

U.S.
Govt.
Other
securities securities

Reserve
with
F.R.
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Cash
items

Bank
premises,
etc.

Other
real
estate

Customers'
liability
on
acceptances

Other
assets

Number
of
banks

1967 June 30
Dec. 30

342,271
374,562

274,247
294,098

187,795
197,827

86,452
96,271

40,636
46,956

45,816
49,315

18,999
20,275

3,728
4,646

8,686
10,550

231
267

25,747
33,208

4,3 93
4,969

217

2,291
2,246

3,448
4,086

6,108
6,071

1968^June 29
Dec. 31..

377,849
413,479

298,575
326,023

203,961
221,222

94,614
104,802

43,361
47,881

51,254
56,920

20,846
21,230

3,999
5,634

9,218
11,279

203
252

32,863
35,360

5,210
5,490

256
251

2,314
2,368

4,364
5,591

6,039
5,978

1969 June 30 . .
Dec. 31

425,158
433,146

330,587
337,613

234,841
242,995

95,746
94,618

39,382
39,833

56,364
54,785

19,801
21,449

4,828
5,676

10,370
11,931

247
287

43,369
39,691

6,188
6,571

264
276

2,970
3,165

6,536
6,486

5,936
5,869

1970 June 30
Dec. 31

429,689
466,225

336,266
366,520

240,814
254,516

95,451
112,004

37,324
45,399

58,127
66,604

21,526
23,319

5,476
5,445

10,617
13,744

316
320

37,606
38,673

6,902
7,353

291
289

3,791
3,561

6,901
7,004

5,803
5,767

For notes see end of Table 2.5 E.

2.1 ALL MEMBER BANKSContinued


B. TOTAL LIABILITIES
[In millions of dollars]
Deposits

Total
liabilities
and
capital

Total

19 39 Mar. 29..
June 30. .
Oct. 2. .
Dec. 30. .

49,645
51,908
54,401
55,361

43,666
45,873
48,430
49,340

1940 Mar. 26..


June 29 . .
Dec. 31..

56,233
57,846
62,658

1941 Apr. 4. .
June 30. .
Sept. 24. .
Dec. 31 . .

63,088
64,857
66,497
68,121

Call date

Digitized for FRASER


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

Acceptances
outstanding

Borrowings

Capital accounts
Other
liabilities

Stocks

Demand deposits

U.S.
Govt.
and
postal
savings

Other
demand

7,578
7,846
9,143
9,410

843
753
726
794

23,845
25,770
27,039
27,489

11,401
1 1 , 504
11,522
11,647

7
5
5
3

121
120
99
124

383
414
337
372

5,467
5,496
5,530
5,522

2,020
2,023
2,028
2,030

374
367
358
333

2,097
2,112
2,121
2,166

671
678
701
675

50,178
51,729
56,430

9,599
9,690
10,423

777
769
672

28,022
29,400
33,213

11,779
11,869
12,122

2
3
3

109
94
97

383
412
430

5,562
5,608
5,698

2,035
2,038
2,050

313
320
307

2,180
2,207
2,280

56, 824
58,512
60,105
61,717

10,645
10,436
10,944
10,525

578
673
830
1,760

33,372
35,107
35,969
37,136

12,229
12,295
12,361
12,296

3
3
13
4

93
94
78
86

414
449
450
426

5,754
5,800
5,852
5,886

2,058
2,064
2,071
2,085

299
295 i
282
277
j

2,294
2,319
2,340
2,394 j
I

Interbank

Other
time

Total

Common

Preferred

Surplus

Undivided
profits

Reserves
for
contingencies,
etc.

Adjusted

Net

305
317
323
317

22,364
23,587
25,118
25,681

26, 302
27,441
29,652
30,326

715
711
721

319
332
340

26,461
27,877
30,429

31,160
32,514
35,262

758
768
802
775

345
354
357
355

31,576
32,678
33,822
33,754

36,381
37,411
38,957
39.708

1942 Apr. 4. . 67,458


June 30. . 69,946
Dec. 31.. 84,917

61,013
63,404
78,277

10,409
9,971
11,000

2,213
1,773
7,980

36,476
39,587
46,600

11,915
12,073
12,698

14
6
5

74
68
46

428
477
488

5,930
5,991
6,101

2,095
2,121
2,129

266
258
250

2,407
2,446
2,499

802
806
847

359
360
376

34,670
36,966
42,570

40,943
42,868
55,326

1943 June 30. . 90,821


Oct. 18.. 102,085
Dec. 31 . . 99,372

84,016
94,968
92,262

10,552
10,706
10,555

7,307
17,651
9,564

52,434
52,119
56,995

13,724
14,491
15,148

18
150
39

61
56
54

474
523
540

6,252
6,389
6,475

2,138
2,147
2,191

239
232
226

2,578
2,623
2,770

897
975
866

400
412
423

48,957
48,612
52,642

54,140
53,759
57,990

1944 Apr. 13.. 101,943


June 30. . 108,684
Dec. 30.. 118,706

94,631
101,276
110,917

10,260
10,903
1 1 , 884

11,581
17,737
18,614

56,798
55,854
61,265

15,992
16,781
19,154

100
75
111

63
58
72

523
580
638

6,627
6,696
6,968

2,219
2,234
2,287

216
208
182

2,784
2,856
3,048

967
967
1,009

442
431
443

53,255
51,829
57,308

58,489
57,203
63,088

1945 Mar, 20.. 117,081


June 30. . 126,436
Dec. 31 . . 138,304

108,967
118,378
129,670

11,331
12,230
13,640

12,510
22,069
22,278

64,744
62,432
69,640

20,382
21,647
24,111

285
52
208

56
49
76

635
681
761

7,138
7,276
7,589

2,311
2,372
2,451

173
164
142

3,084
3,159
3,383

,112
,107
,116

458
474
497

61,175
59,133
64,184

66,969
65,111
70,918

1946June 29.. 131,400


Sept. 30 . . 128,781
Dec. 31 . . 127,241

122,519
119,680
118,170

1 1 , 801
1 1 , 484
12,060

12,110
7,868
2,786

72,594
73,688
76,248

26,014
26,640
27,076

72
77
30

108
109
132

781
838
814

7,920
8,077
8,095

2,510
2,573
2,587

118
112
105

3,505
3,471
3,595

,271
,403
,287

515
518
520

67,461
68,818
70,243

73,646
74,812
76,540

1947 June 30.. 124,797


Oct. 6. . 128,290
Dec. 31.. 132,060

115,435
118,495
122,528

11,041
11,976
12,403

1,201
2,419
1,281

75,285
75,928
80,609

27,908
28,172
28,235

50
332
54

99
134
165

898
867
850

8,315
8,463
8,464

2,631
2,639
2,649

88
84
82

3,702
3,743
3,824

,402
,498
,410

492
498
501

69,595
70,793
73,528

76,184
79,067
80, 822

1948 Apr. 12.. 126,675


June 30. . 127,297
Dec. 31 . . 131,392

116,672
117,452
121,362

10,549
10,833
11,641

2,217
1,951
2,233

75,418
75,950
78,759

28,488
28,717
28,728

235
53
45

172
214
201

985
954
982

8,610
8,624
8,801

2,675
2,679
2,713

77
75
69

3,848
3,885
3,970

,512
,524
,602

498
460
448

69,781
70,051
72,152

77,063
77,298
80,210

126,350
127,259
131,605
134,431

116,011
116,980
120,640
123,885

10,333
10,374
11,330
12,097

2,686
2,138
3,157
3,013

74,077
75,362
77,235
79,791

28,915
29,107
28,919
28,985

199
21
416
11

164
149
159
199

1,028
1,086
1,153
1,163

8,949
9,022
9,236
9,174

2,803
2,808
2,815
2,828

66
66
65
59

3,945
4,000
4,039
4,215

,688
,698
,859
,648

446
450
459
424

68,972
69,397
71,515
72,658

76,774
76,574
80,068
81,263

1950 Apr. 24. . 131,032


June 30. . 133,742
Oct. 4.. 136,176
Dec. 30.. 144,660

119,967
122,707
124,477
133,089

10,642
10,849
11,749
13,448

2,856
3,522
2,661
2,705

77,182
78 i 892
81,010
87,783

29,286
29,443
29,056
29,153

252
30
241
79

161
190
264
240

1,305
1,293
1,489
1,558

9,347
9,523
9,705
9,695

2,860
2,902
2,916
2,936

58
57
56
55

4,261
4,376
4,399
4,561

,742
,760
,898
,752

426
429
436
392

71,869
72,263
74,981
78,370

79,789
80,800
83,287
87,160

1951 Apr. 9..


June 30. .
Oct. 10..
Dec. 31..

140,188
141,612
144,757
153,439

128,229
129,737
132,369
141,015

11,541
11 , 347
13,111
14,425

6,446
6,018
4,081
3,357

81,150
82,867
85,287
92, 867

29,092
29,506
29,891
30,366

309
55
250
26

310
266
263
353

1,499
1,566
1 , 699
1,827

9,840
9,987
10,177
10,218

2,979
3,033
3,053
3,098

52
51
50
44

4,587
4,665
4,698
4,809

,840
,860
,992
,884

382
378
384
383

75,123
75,657
79,066
83,100

87,060
86,913
89,115
92,770

1952 Mar. 31..


June 30..
Sept. 5..
Dec. 31..

148,064
151,540
151,393
160,826

135,165
138,769
136,937
147,527

12,595
12,812
12,766
14,617

5,681
5,728
4,323
4,887

86,042
88,730
88,126
95,453

30,847
31,499
31,723
32,570

299
69
1,596
165

372
304
306
343

1,843
1,874
1,923
2,030

10,385
10,526
10,632
10,761

3,189
3,217
3,221
3,257

41
43
44
37

4,857
4,950
4,972
5,188

,927
,942
2,016
1,895

371
374
379
383

78,753
80,347
81,552
85,543

89,964
91,687
91,757
96,786

1953Apr. 20. .
June 30. .
Sept. 30. .
Dec. 31 . .

154,401
154,258
158,228
163,983

139,795
140,830
143,803
150,164

12,567
12,933
13,238
15,170

3,355
3,688
5,865
4,064

90,753
90,401
90,496
96,024

33,119
33,808
34,204
34,905

1,213
75
591
43

326
293
357
400

2,108
1,990
2,226
2,059

10,958
11,070
11,251
11,316

3,309
3,331
3,346
3,382

36
36
36
34

5,243
5,315
5,354
5,481

1,998
2,011
2,148
2,053

372
377
367
366

82,665
81,774
82,177
86,127

91,719
91,051
93,930
96, 507

1954 Apr. 15..


June 30. .
Oct. 7..
Dec. 31..

158,949
162,203
166,649
172,242

144,436
148,252
151,717
157,252

13,869
14,733
15,191
15,983

3,575
5,465
6,870
4,049

91,305
91,454
92,268
99,604

35,686
36, 599
37,388
37,616

587
38
409
15

421
374
403
608

1,920
1,831
2,108
2,156

11,586
11,709
12,012
12,210

3,444
3,465
3,501
3,605

34
36
33
33

5,572
5,617
5,693
6,010

2,170
2,209
2,395
2,174

366
381
390

388

82,928
82,783
85,341
89,836

92,365
94,154
98,653
100,477

1955 Apr. 1 1 . .
June 30. .
Oct. 5..
Dec. 31..

169,388
169,686
170,820
179,414

153,379
154,670
154,162
163,757

14,433
14,462
14,698
15,865

5,044
4,994
3,583
3,654

95,892
96,742
97,230
105,400

38,010
38,472
38,651
38,838

1,038
115
1,197
137

582
459
460
451

2,092
1,982
2,268
2,286

12,297
12,461
12,734
12,783

3,703
3,747
3,782
3,828

33
32
34
34

6,017
6,103
6,144
6,295

2,179
2,216
2,407
2,264

365
362
367
362

87,567
87,207
88,358
92,435

98,601
98,199
98,432
102,690

1956 Apr. 10..


June 30. .
Sept. 26..
Dec. 31..

173,242
174,820
175,983
184,874

155,842
158,388
157,615
167,906

14,567
14,508
14,361
16,855

3,801
5,107
4,839
3,593

98,208
98,904
98,239
106,850

39,267
39,870
40,176
40,608

1,440
302
1,532
48

460
508
615
735

2,355
2,328
2,652
2,531

13,145
13,293
13,570
13,655

3,950
3,984
4,021
4,085

33
32
32
32

6,492
6,557
6,625
6,796

2,316
2,363
2,533
2,391

355
356
358
351

89,145
88,139
88,768
93,320

99,299
99,325
99,922
104,084

1957 Mar. 14. . 178,284


June 6. . 176,507
Oct. 11.. 181,836
Dec. 31 . . 188,828

159,593
157,593
161,871
170,637

13,913
13,736
14,487
16,328

2,085
3,234
3,867
3,746

101,602
97,612
99,136
105,547

41,992
43,011
44,381
45,015

1,564
1,374
1,759
57

792
778
1,003
1,023

2,540
2,704
2,736
2,558

13,796
14,058
14,467
14,554

4,172
4,191
4,284
4,334

32
31
31
31

6,843
6,875
7,007
7,212

2,418
2,627
2,814
2,635

330
334
332
342

91,311
88,912
89,101
92,191

99,458
98,316
99,327
102,967

1949 Apr. 11..


June 30..
Nov. 1..
Dec. 31 . .
.

Digitized for FRASER


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

2.1 ALL MEMBER BANKSContinued


B. TOTAL LIABILITIESCofltinued
[In millions of dollars]
Deposits

Total
liabilities
and
capital

Total

1958 Mar. 4..


June 23 . .
Sept. 24..
Dec. 31..

184,159
194,003
190,784
202,017

164,196
173,904
170,031
182,816

1959 Mar. 12..


June 10. .
Oct. 6. .
Dec. 31 . .

195,549
197,265
199,084
205,726

1960^Mar. 15..
June 15..
Oct. 3..
Dec. 31..

Call date

Borrowings

Acceptances
outstanding

Capital accounts

Other
liabilities

Demand deposits

U.S.
Govt.
and
postal
savings

Other
demand

Other
time

15,240
15,540
15,633
17,414

3,473
8,916
4,061
4,122

98,989
99,812
99,764
110,448

46,494
49,635
50,573
50,832

1,144
1,078
1,514
54

1,203
978
874
877

2,821
2,863
2,991
2,809

14,795
15,181
15,375
15,460

4,389
4,426
4,487
4,527

31
30
30
31

7,250
7,341
7,414
7,677

2,767
3,009
3,047
2,807

174,338
174,811
176,674
184,706

15,200
14,936
15,145
16,387

2,437
2,703
4,564
4,763

105,119
104,671
104,398
110,989

51,582
52,502
52,567
52,568

1,746
2,686
2,385
581

813
757
727
795

3,005
3,092
3,042
3,380

15,646
15,919
16,256
16,264

4,692
4,773
4,853
4,893

30
29
28
27

7,772
7,841
7,930
8,056

200,329
204,167
207,402
216,577

176,710
179,519
182,280
193,029

14,152
14,672
15,629
18,076

4,209
5,979
6,952
5,524

105,940
105,566
104,255
112,393

52,410
53,302
55,444
57,036

2,546
2,503
1,829
130

980
,010
,278
,425

3,613
4,305
4,748
4,595

16,480
16,829
17,268
17,398

5,042
5,081
5,127
5,165

27
24
24
24

1961 Apr. 12..


June 30. .
Sept. 27..
Dec. 30..

210,807
213,719
219,287
235,112

185,375
189,226
192,305
209,630

13,961
13,352
13,607
17,498

2,159
5,994
7,547
5,641

107,498
105,568
105,312
119,595

61,758
64,311
65,839
66,897

1,610
382
2,128
438

,496
,445
,545
,660

4,469
4,639
4,923
4,746

17,857
18,027
18,386
18,638

5,354
5,382
5,443
5,512

1962 Mar. 26..


June 30. .
Sept. 28..
Dec. 28..

224,681
232,359
234,833
249,488

197,084
206,057
207,347
219,468

13,643
14,146
14,434
15,667

6,385 105,535
9,008 | 108,014
7,898 108,310
6,328 117,999

71,521
74,889
76,705
79,473

2,063
735
1,455
3,550

,587
,465
,399
,623

5,063
4,924
5,070
4,994

18,884
19.179
19i562
19,854

1963 -Mar. 18,. 244,456


June 29.. 251,214
Dec. 20.. 261,469

214,451
222,619
229,376

15,049
14,761
14,900

5,001
9,989
6,225

111,306
11 1 , 548
117,562

83,096
86,321
90,690

2,883
1,440
3,499

,576
,564
,584

5,627
5,353
5,954

1964 -June 30.. 269,437


Dec. 31 . . 289,142

238,052
255,724

15,052
17,670

9,570
6,077

115,624
128,539

97 , 807
103,437

1,936
2,481

,677
,667

1965 June 30.. 296,049


Dec. 31 . . 313,384

259,743
275,517

16,206
18,294

11,054
5,126

120,077
132,131

112,406
119,966

3,455
4,234

1966 -June 30.. 321,220


Dec. 3 1 . . 335,500

281,209
292,004

17,092
19,581

10,183
4,645

126.572
138,218

127,362
129,559

1967June 30.. 342,271


Dec. 30.. 374, 562

297,529
327,012

18,481
21,980

4,820
4,866

132,546
151,980

1968June 29.. 377,849


Dec. 31 . . 413,479

323,935
356,351

20,577
24,580

1969June 30. . 425,158


Dec. 31.. 433,146

345,347
350,759

1970 June 30. . 429,689


Dec. 31. . 466,225

346,229
385,176

24,819
26,450 !
i
25,814
30,875 .;
i

Interbank

For notes see end of Table 2.5 E.

Digitized for FRASER


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

Stocks

Reserves
for
contingencies,
etc.

Undivided
profits

Surplus

I
Adjusted

Net

358
374
397
419

88,779
89,186
90,639
96,218

98,585
104,251
101,299
107,330

2,763
2,908
3,093
2,932

388
369
352
356

94,137
93,722
92,728
95,274

103,026
102,738
103,909
107,328

8,127
8,208
8,312
8,586

2,943
3,176
3,444
3,229

340
340
361
395

92,287
9 1 , 042
90,046
94,594

102,382
103,276
103,611
107,780

24
24
23
23

8,770
8,841
8,893
9,354

3,314
3,380
3,605
3,328

395
401
422
420

95,377
92,750
94,158
100,660

102, 349
103,122
106,524
112,612

5,624
5,659
5,690
5,720

23
22
21
41

9,510
9,606
9,667
9,909

3,313
3,467
3,752
3 f 745

414
425
433
440

94,164
93,555
94,666
101,528

105,136
107,191
107,569
(13,331

19,919
20,238
21,054

5,830
5,876
6,006

41
43
149

10,056
10,175
10,469

3,544
3,696
3,968

449
448
462

96,903
95,637
102,816

107,173
110,499
114,538

5,711
6,369

22,060
22,901

6,398
6,491

526
789

10,755
1 1 , 006

3,871
4,070

511
545

99,288
108,324

113,709
120,464

,786
,832

6.743
6; 875

24.323
24,' 926

6,903
7,002

1,479
1,585

11,114
1 1 , 398

4,228
4,302

600
641

101,733
112,569

US, 252
124,034

3,985
4,618

2,022
2,164

8.326
10,436

25,678
26,278

7,157
7,232

1,664
1,660

11,557
11,777

4,618
4,896

681
713

106,472
112,920

122,572
124,438

141,683
148,186

4,920
5.370

2,346
2,313

10,238
11 , 770

27,237
28,098

7,425
7,507

1,874
1,929

12,061
12,549

5,144
5,209

732
903

109,132
121,530

120,288
134,079

4,412
4,639

146,470 152,475
163,920 i 163,212

7,684
8,458

2,375
2,403

14,716
16,206

29,139
30,060

7,744
7,853

2,123
2,014

12,803
13,479

5,609
5,840

860
875

116,269
131,491

128,306
145,297

5,179
4,300

158,287
169,750

13,999
17.395 1

3,024
3,245

31,471 !
29,699 f

31,317
32i047

8,276
8,385

1,854 j
1,868

13,990
14,381

835
855

118,038
133,435

133,620
148,219

7,124
6,866

155.916
168,032

3,865 I
3,656
I

28,903
24,713

33,184
34,100

8,611
8.765

1,902
1.918

14,357
14,633

822
815

121,562
133,169

139,940
152,279

157,062
150.259

157,375 i, 17,507
179,404
18,578
'j
i
1

Total

Common

Preferred

'

6,362
6,558

i!

7,492
7,969 j

2.1 ALL MEMBER BANKS Continued


C. LOANS
fin millions of dollars]

To farmers
Call date

Total
loans

Commercial

Guaranteed

Other

CCC

1939 Mar
June
Oct
Dec.

29
30
2
30 ...

13,047
13,141
13,470
13,962

For purchasing
or carrying
securities

Other loans to individuals

To financial
institutions

To
brokers
and
dealers

To
others

Banks

Other

Real estate

Total

On
farm
land

Instalment
Repair
and
modernization

Total

On
residential
property

Other

Retail
auto

Other
retail

Other

Singlepayment

Other

5,187
5,203

771
788

838
731

733
736

99
58

2,749
2,828

279
284

1,726
1,776

743
768

2 671
2 796

5,841

730

790

700

56

2,957

289

1,884

784

2,888

1940 Mar. 26. ..


June 29
Dec 31

13,939
13,969
15,321

5,988
6,660

736
.865

447
642

668
652

42
43

3,069
3,228

296
299

1,978
2,118

795
810

3 020
3,230

1941 Apr
June
Sept.
Dec

4
30. ...
24
31 . .

15 878
16,729
17,546
18,021

7,807

738

575

635

44

3,365

305

2,254

807

3,565

8,671

972

594

598

39

3,494

295

2,396

803

3,653

1942 Apr 4 . .
June 30
Dec 31

17,834
16,928
16,088

8,383
7,387

1.16
526

563

554
934

562
538

29
26

3,501
3,423

292
266

2,441
2,458

767
700

1,847

211

278

1943_june 30
Oct. 18
Dec. 31

14,823
17,716
16,288

6,554

270

584

1,120

603

31

3,351

260

2,435

655

1,540

131

7,421

461

562

1,398

839

57

3,274

246

2,419

610

1,484

116

1944Apr. 13
June 30
Dec. 30

16,135
18,084
18,676

7,023
7,531

425
630

598
568

2,200
2,249

2,130
2,108

61
59

3,207
3,209

258
243

2,373
2,390

577
576

1,467
1,505

1945

17,219
20,588
22,775

7,095
8,949

481
216

644
640

3,089
3,133

3,407.
3,37E

55
47

3,248
3,455

262
277

2,415
2,522

572
656

1946June 29
Sept. 30
Dec. 31

23,302
24,775
26,696

9,685

81

796

2,395

2,480

55

4,267

340

3,085

842

13,154

74

810

1,506

1,467

79

5,357

385

3,903

1,069

1947 June 30. ..


Oct. 6
Dec 31

28,655
30,738
32,628

13,820

12

961

1,507

1,154

100

6,240

430

4,620

16,962

44

1,003

811

1,065

113

7,130

447

1948 Apr. 12
June. 30
Dec. 31

33,062
33,871
36,060

16,734
17,631

15
582

1,225
1,217

1,171
1,324

956
834

159
120

7,777
8,244

1949Apr.
June
Nov.
Dec

11
30 . .
1
31

34,905
34,456
35,565
36,230

15,213

341

1,363

1,958

803

98

15,857

701

1,244

1,737

758

97

1950Apr.
June
Oct
Dec.

24
30. . . .
4
30

36,785
37,658
41,612
44.705

15,708
18,337
20.521

327
164
248

1,443
1,565 j
1.561

1,840
1,382
1.770

807
901
927

101
304
88

Mar 20
June 30 . .
Dec. 31

Digitized for FRASER


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

Reserve
for
bad
debts

285

1,073

3 174
843

190

231

987

770

157

216

996

791

122
126

141
160

220
225

984
995

973
818

1,688
1,900

136
169

174
224

252
292

1,126
1,216

879
1,057

2,464

264

392

1,469

1,078

3,308

392

282

268

504

1,861

940

1,190

3,998

600

368

345

637

2,047

865

5,381

1,302

4,662

757

480

479

712

2,235

839

480
476

5,883
6,264

1,414
1,504

5,249
5,585

994
1,143

598
692

560
628

787
816

2,310
2,305

881
886

296
363

8,383

488

6,365

1,530

5,859

1,330

718

680

866

2,265

837

8,834

498

6,758

1,578

6,551

1,549

877

797

891

2,437

937

399
484

9,547
10,117
10.522

506
521
526

7,452
7,935
8.247

1,588
1,661
1.749

7,401
8,176
8.314

1,908
2,188
2.177

1,040
1,236
1.271

845
923
944

977
1,027
1.021

2,631
2,802
2.901

1,004
1,194
1.350

519
529
595

2
7S
CO

339

s
h->

&

w
ft

2.1 ALL MEMBER BANKSContinued


C. LOANSContinued
[In millions of dollars]

To farmers
Call date

Total
loans

Commercial

Guaranteed
y

Other

cc c

For purchasing
or carrying
securities

Other loans to individuals

To financial
institutions

To
brokers
and
dealers

To
others

Banks

Other

Real estate

Total

On
farm
land

On
residential
property

Instalment
Total
Other

Retail
auto

Other
retail

Repair
and
modernization

Other

Singlepayment

Other

Reserve
for
bad
debts

9..
30. .
10..
31..

46,318
46, 866
47,936
49,561

22,158
22,161
23,165
24,347

127
26
138
154

1,719
1,893
1,988
1,987

1,276
1,601
1,138
1,551

892
882
840
851

347
152
334
148

10,720
10,975
11,173
11,334

542
552
559
544

8,387
8,604 j
8,754
8,878

1,791
1,818
1,859
1,913

8,342
8,458
8,441
8,524

2,162
2,197
2,231
2,176

1,219
1,183
1,093
1,123

917
931
973
1,007

1,049
1,066
1,083
1,118

2,994
3,081
3,061 i
3,099

,355
,347
,358
,387

617
630
639
720

1952 Mar, 31..


June 30. .
Sept. 5..
Dec. 31..

49,429
50,526
51,314
55,034

24,276
23,732
23,973
26,233

105
43
249
403

2,050
2,221
2,196
2,013

1,202
2,084
1,473
2,032

837
829
941
966

304
152
432
155

11,405
11,628
11,855
12,213

554
570
571
572

8,926
9,119
9,321
9,608

1,926
1,939
1,963
2,032

8,616
9,268
9,599
10,396

2,181
2,471
2,579
2,864

1,108
1,168
1,249
1,493

995
,092
,167
,287

1,177
1,244
1,276
1,358

3,156
3,292
3,327
3,394

,376
,322
,355
,422

742
752
759
798

1953 Apr. 20. .


June 30. .
Sept. 30. .
Dec. 31..

55,646
55,613
56,633
57,762

26,118
25,763
26,025
25,519

337
149
375
1,537

2,019
2,085
1,993
1,726

1,719
1,687
1,783
2,321

970
933
898
1,060

291
153
407
161

12,416
12,628
12,840
13,020

585
592
595
585

9,744
9,907
10,089
10,224

2,088
2,129
2,156
2,210

11,104
11,612
11,819
11,911

3,199
3,463
3,626
3,610

1,667
1,744
1,753
1,791

,303
,369
,432
,474

1,433
1,486
1,512
1,519

3,503
3,550
3,496
3,517

,487
,432
,326
,358

815
829
831
850

1954=Apr.
June
Oct.
Dec.

15..
30. .
7..
31..

57,407
57,197
57,233
60,250

24,837
24,362
24,357
25,007

1,878
1,453
460
1,732

1,778
1,950
1,930
1,797

1,939
2,411
2,451
2,881

,036
,106
,168
,363

608
174
494
239

13,195
13,440
13,913
14,433

601
610
618
623

10,306
10,483
10,850
11,236

2,288
2,348
2,445
2,574

1 1 , 650
1 1 , 840
11,915
12,127

3,472
3,508
3,485
3,482

1,640
1,633
1,578
1,598

,437
,447
,473
,466

1,557
1,605
1,647
1,680

3,545
3,647
3,731
3,901

,345
,339
,432
,618

859
'877
887
949

1955 Apr.
June
Oct.
Dec.

11..
30. .
5. .
31..

61,737
64,315
67,381
70,982

25,491
26,894
28,800
31,019

1,104
673
319
657

1,922
2,126
2,157
2,068

2,780
2,808
2,658
3,150

,342
,440
,440
,560

853
416
938
569

14,949
15,594
15,981
16,391

656
682
695
710

11,636
12,102
12,381
12,666

2,657
2,809
2,906
3,014

12,621
13,489
14,119
14,313

3,731
4,136
4,517
4,720

1,582
1,653
1,686
1,734

,395
,418
,465
,507

1,772
1,881
1,907
1,826

4,141
4,402
4,544
4,527

1,649
1,869
1,969
2,374

973
994
1,001
1,119

1956 -Apr. 10. .


June 30. .
Sept. 26..
Dec. 31..

72,488
74,783
76,305
78,034

32,221
33,725
34, 574
36,296

463
314
239
441

2,079
2,238
2,231
2,038

2,616
2S586
2,236
2,447

,560
,522
,458
,473

1,074
661
1,338
650

16,734
17,172
17,606
17,811

720
731
735
724

12,863
13,169
13,477
13,609

3,151
3,272
3,395
3,478

14,556
15,330
15,448
15,765

4,867
5,067
5,135
5,127

1,706
1,926
1,943
2,080

,474
,540
,595
,651

1,895
1,945
1,982
2,011

4,614
4,851
4,794
4,896

2,356
2,426
2,379
2,497

1,171
1,190
1,203
1,383

1957 Mar. 14..


June 6. .
Oct. 11..
Dec. 31 . .

77,760
78,448
80,308
80,950

36,107
36,500
37,504
37,868

434
205
125
244

2,040
2,248
2,286
2,228

2,216
2,132
2,272
2,448

,402
,416
,370
,409

1,209
989
890
718

17,753
17,768
j 18,103
18,231

726
732
736
728

13,509
13,480
13,636
13,669

3,518
3,557
3,731
3,834

15,633
16,229
16,682
16,775

5,194
5,423
5,635
5,627

1,982
2,061
2,103
2,125

1,623
1,661
1,755
1,770

2,040
2,112
2,191
2,224

4 E 794
4,973
4,999
5,030

2.404
2^410
2,542
2,597

1,438
1,449
1,465
1,570

1958 Mar. 12..


June 23..
Sept. 24..
Dec. 31..

79,784
82, 146
80,798
84,061

35,936
36,125
35,941
37,444

383 i
226
280
438

2,232
2,548
2,604
2,614 i

2,586
3,574
1,807
2,730 '

,457
,706
,549
,599

1,598
1,680
1,587
710

18,259
18,712
19,302
20,013

735
760
111
787 i

13,650
13,931
14,413
14,891

3,874
4,021
4,111
4,335

16,270
16,544
16,567
17,028

5,518
5,468
5,429
5,436

1,956
1,909
1 , 824
1,902

1,724
,741
,803
,846

2,208
2,323
2,396
2,449

4,863
5,104
5,115
5,394

2,653
2,657
2,814
3,211

1,590
1,625
1,652
1,724

1959- Mar. 12..


June 10. .
Oct. 6..
Dec. 31..

84,074
88,431
92,471
94,779

36,895
34,172
35,565
36,826 !

304
129
67
87

2,689
3,003
3,110
3,029

2,056
2,260
2,229
2,885

,612
,669
,593
,587

1,522
1,820
1,905
811

! 20,437
5,277 ! 21,180
6,043 21,824
6,801 22,185

795 15,213
821 i 15,715 i
835 16,171
835 16,352

4,429
4,644
4,818
4,999

17,201
18,397
19,359
19,877

5,546
5,984
6,370
6,425

1,929
1,980
2,082
2,201

,823
,909
2,050
2,118

2,509
2,709
2,924
3,008

5,395
5,815
5,933
6 S 125

3,111
2,298
2,583
2,603

1,753
1,772
1,806
1,912

I960 Mar, ! 5..


June 15..
Oct. 3..
Dec. 31 . .

95,354
98,344
98,815
99,933

37,38? I
38,204
38,246
39,288

86 1
53 i
232
403

3,001 i
3,243 i
3,219
3,106

1,987
2,469
2,593
3,124

,484
,488
,521
,564

2,194 i
2,309 :
2,212
947

6,453 22,176
6,736 1 22,309
6,434 22,446
6,726 22,518

830
850
850
852

16,286
16,283
16,288
16,241

5,060
5,176
5,309
5,426

19,944
20,932
21,333
21 , 622

6,518
6,941
7,097
7,085

2,206
2,232
2,265
2,280

2,100
2,178
2,272
2,283

3,054
3,216
3,320
3,357

6,065
6,365
6,379
6,618

2,586
2,550
2,529
2,694

1,943
1,950
1,951
2,059

1961 Apr. 12..


June 30. .
Sept. 27..
Dee. 30. .

99,504
99,992
102,355
106,232

38,821
38,872
39,062
40,931

522
336
213
592

3,187
3,386
3,417
3,342

2,308 !
2,780
2,943
3,877

1,929
970
2,354
1,014

5,427 ' 22,716


5,644 23,086
6,010 23,514
6,893 23,987

870
882
895
911 j

16,284
16,547
16,843
17,109

5,562
5,658
5,776
5,966

22,107
22,421
22,377
22,852

6,952
7,081
7,054
7,163

2,821
2,630
2,372
2,291

2,208
2,247
2,273
2,268

3,412
3,486
3,535
3,552

6,714
6,977
7,143
7,579

3,003
2,900
2,887
3,198

2,097
2,112
2,118
2,281

1951 Apr.
June
Oct.
Dec.

Digitized for FRASER


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

,582
,709
1,696
1,827

1 06. 765
109,212
111,993
118,637

40.63S
41,435
42,210
43,843

699
546
212
667

3 T 379
3,675
3,737
3,752

3, 550
3,088
3,360
4,954

1,777
1,699
1,644
1,777

2,510
1,453
1,943
2,445

6,060
6,789
6,972
7,936

24,271
25,362
26,358
27,162

949
1,014
1,045
1,065

17,084
17,757
18,391
18,915

6,239
6,592
6,922
7,181

22,769
24,006
24,297
24,799

7,236
7,808
7,991
8,256

2,180
2,209
2,204
2,282

2,197
2,238
2,294
2,304

3,568
3,782
3,906
3,974

7,588
7,968
7,902
7,984

3,424
3,480
3,594
3,657

2,311
2,320
2,334
2,356

1963 Mar. 18.. 118,490


June 29.. 122,088
Dec. 20. . 131,712

43,832
44,701
47,403

772
492
451

3,808
4,172
4,208

4,283
4,436
5,124

1,790
1,880
2,136

2,994
1,844
3,439

7,528
8,134
8,875

27,683
29,127
31,009

1,114
1,185
1,236

19,202
20,156
21,314

7,367
7,786
8,459

24,869
26,366
27,908

8,394
9,121
9,684

2,316
2,390
2,533

2,245
2,315
2,417

4,008
4,252
4,498

7,906
8,289
8,776

3,531
3,557
3,765

2,601
2,622
2,607

1964 June 30.. 138,649


Dec. 31 . . 147,690

49,217
53,717

182
250

4,573
4,393

5,341
5,142

2,320
2,411

2,733
3,250

9,887
10,179

32,794
34,587

1,366
1,404

22, 348
23,240

9,079
9,943

30,275
32,024

10,702
11,316

2,766
2,954

2,411
2,483

4,819
5,035

9,576
10,236

4,137
4,824

2,810
3,087

1965 June 30.. 158,832


Dec. 31 . . 169,800

58,640
63,979

208
266

4,761
4, 833

5,729
4,915

2,442
2,714

3,516
13,868

10,735
12,475

36,577
38,988

1,472
1,539

24,373
25,966

10,733
11,483

34,582
36,418

12,505
13,136

3,104
3,290

2,481
2,563

5,463
5,761

11,030
1 1 , 669

4,783
4,832

3,141
3,489

1966 June 30. . 179,127


Dec. 31.. 183,743

69,357
72,553

C22)
()

5,244
5,318

5,036
5,389

2,717
2,660

13,068
12,349

40,862
42,384

1,584
1,645

26,945
27,707

12,333
13,032

37,933
37,925

13,833
13,872

3,389
3,644

2,580
2,643

6,048
6,235

12,082
11,531

4,808
4,757

3,531
3,758

()

5,737
5,702

4,175
5,820

1,620
2,743
3,099 ' 1,754

1 1 , 354 43,130
11,587 45,528

1,688
1,770

28,033
29,630

13,409
14,128

38,912
40,454

14,095
14,100

3,838
4,387

2,613
2,715

6,429
6,793

11,937
12/459

3,805
4,090
4 , 1 54
4,485

1962 Mar. 26. .


June 30. .
Sept. 28..
Dec. 28..

(a2>

3,634
M,166

1967 June 30.. 187,795


Pec. 30. . 197,827

75,921
79,344

1968 June 29.. 203,961


Dec. 31 . . 221,222

81,922
87,819

(2)

(2)

6,081
5,921

4,525
6,174

3,057
3,379

1,778
2,012

1 1 , 259
12,797

47,697
50,461

1,920
1,903

30,782
32,492

14,994
16,066

42,291
45,404

14,881
15,631

4,722
5,343

2,667
2,787,

7,230
7,766

i8,007
18,628
12,791 i 9 , 505
1 3 , 876 i 11,740

1969 June 30.. 234,841


Dec. 31.. 242,995

92,926
96,095

C 22)

6,348
6,187

4,996
5,408

3,473
3,286

2,386
2,258

12,820
14,035

52,556
53,207

2,102
2,006

33,772
34,278

16,683
16,922

47,457
48,388

16,414
16,417

5,893
6,957

2,852
2,861

8,188
8,292

14,110 i 11,879
13,862 i 14,132

4,588
5,128

1970 June 30.. 240,814


Dec, 31 . . 254,517

95,190
97,954

(2s)
()

6,626
6,538

3,749
5,963

2,920
3,028

2,228
2,345

13,452
14,688

53,215
54,600

1,973
2,206

34, 303
34,841

16,938
17,553

48,729
49,829

16,087
15,913

7,784
8,716

2,814
2,875

8,400
8,869

13,644 H4.705
13,456 U9,57l

5,141
5,185

C)

For notes see end of Table 2.5 E.

2.1 ALL MEMBER BANKSContinued


D. INVESTMENTS
[In millions of dollars]
U.S. Govt. securities l
Direct

Call date

Total

Within
1 year

After
1 year

Total

Within
1 year

1-5

5-10

10-20

Over 20
years

7,783
7,786

713
781

2,520
2,826

3,029
2,889

1 , 521
1,289

563

2,223

8,398

773

3,018

3,657

11,314
11,600
12,337

797
652

2,543
2,594

8,261
9,091

682
1,367

3,202
2,886

13,501
14,238
14,095
15,707

1,127

2,631

10,481

1 ,380

971

3,007

ii,729

1,425

10,691
10,946
10,891
11,184

1940 Mar. 26. .


June 29 . .
Dec. 31 . .

20,224
20,482
21,805

1941 Apr.
June
Sept.
Dec.

23,104
23,930
24,397
25,500

Digitized for FRASER


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

Marketable, maturing

2,604
2,720

19,048
19,462
19,605
19,979

4..
30. .
24. .
31 . .

Bills

Certificates

303
441

29..
30. .
2..
30..

1939 Mar.
June
Oct.
Dec.

Bonds

Notes, maturing

Total
investments

Nonmarketable

Guaranteed

Securities
of
States,
etc.

Other bonds,
notes, and
debentures

Federal
agency

Corporate
stock
(including
F. R.
Bank
stock)

Other

949

2,660
2,831
2,920
3,144

2,555
2,554
2,764
2,692

2,688
2,682
2,582
2,519

454
449
447
439

3,776
4,345

600
493

3,107
3,121
3,486

2,905
2,888
3,013

2,465
2,446
2,553

433
427
417

3,538

5,057

505

3,504

5,634

1,166

3,487
3,839
4,243
3,832

3,206
2,984
3,161
3,090

2,499
2,459
2,497
2,479

4J2
408
401
392

2.1 ALL MEMBER BANKSContinued


D. INVESTMENTSContinued
[In millions of dollars]
U.S. Govt securities 1
Direct
Total
investments

Call date

Notes, maturing
Total

1942=Apr. 4. .
June 30. .
Dec. 31..

26,453
29,872
43,175

16,978
21,413
35,006

1943=June 30. .
Oct. 18..
Dee. 31 . .

52,332
60,397
57,970

44,493
55,255
50,603

1944 Apr. 13..


June 30. .
Dec. 30. .

61 , 892
65,503
72,893

1945 Mar. 20..


June 30 . .
Dec. 31 . .

Bills

Certificates

Bonds
Marketable, maturing

Within
1 year

After
1 year

Total

Within
1 year

5-10

1-5

Over 20
years

10-20

Nonmarketable

Guaranteed

Securities
of
States,
etc.

Other bonds,
notes, and
debentures

Federal
agency

Corporate
stock
(including
F. R.
Bank
stock)

Other

4,948
9,079

6,621
5,928

1,121
1,118

144
152

3,471
2,685
2,540

3,173
2,934
2,965

2,448
2,456
2,287

383
384
377

5, 039

9,934

7,156

1,254

161

2,487

5, 259

14,915

5,564

1,356

171

2,345

2,876
2,818
2,729

2,127
2,003
1,973

349
321
321

30,118
34,927

5, 096
5 309

17,813
22,467

5,358
5,118

1,477
1,578

374
455

887
902

2,818
2,834
2,858

1,990
2,020
2,031

313
311
319

14 723
14, 271

40,266
44,792

6 380
7 897

26,638
28,656

4,545
5,357

2,026
2,152

677
729

33
16

2,989
3,102
3,254

2,097
2,198
2,521

303
299
295

15,292

10 467

45,420

8 598

28,746

5,027

2,319

729

20

10,043

5, 602

46,219

10 939

26,334

5,853

2,368

725

11

3,307
3,617
3,548

2,861
2,808
2,803

290
274
274

773

7,544

4 369

46,502

12 424

24,611

6,309

2,449

709

10

1,987

5,816

4 815

45,286

15 728

19,674

6,673

2,108

1,102

10

3,982
4,224
4,199

2,688
2,800
2,827

278
278
278

2,188
2,588

7,597
7,999

4 104
2 800

40,242
38,761

11 319
16 515

19,907.
13,389

5,984
5,860

1,945
1,648

1,087
1,349

8
5

4,452
4,436
4,480

2,739
2,724
2,642

280
279
281

51,362
53,128
57,052
56,879

2,651

8,469

1 639

40,369

21 655

8,705

6,689 "'i,"987'

1,334

3,389

10,409

5 085

37,996

23 704

6,895

3,955

2,058

1,384

4,637
4,710
5,141
5,274

2,649
2,732
2,843
2,851

282
284
287
289

64,736
65,087
62,755
62,719

55,575
55,753
52,613
52,357

3,539
3,588
3,665

4,821
1 , 868
1,468

9 990
12 633
14 054

37,404
34,524
33,170

23,986
21,012
19,777

7,370
7,356
7,051

2,557
2,551
2,542

2,i69
2,229
2,218

1,323
1,376
1,582

5,954
6,040
6,512
6,640

2,914
2,993
3,322
3,413

293
296
302
301

9..
30. .
10..
31..

59,387
59,698
60,452
62,687

48,854
49,101
49,633
51,606

2,694
3,485
4,232
6,399

2,524
4,739
6,010

14
12
10
9

005
313
192
596

32,155
30,778
30,470
29,601

18,901
17,919
17,721
16,863

7,000
6,566
6,428
6,432

2,597
2,591
2,570 i
2,594 !

2,023
2,026
2,037
2,017

1,634
1,677
1,714
1,695

5
6
8
j
1
14
15

6,926
6,978
7,288
7,528

3,298
3,304
3,209
3,223

303
307
308
314

1952 Mar.
June
Sept.
Dec.

31..
30..
5..
31..

61 , 568
62,976
63,340
64,514

50,160
51,240
51,366
52,744

5,115
5,423 i
4,269 1
6,565

6,125
6,134
5,476
4,255

9 499
46B
461
9 835

29,421
30,215
32,160
32,087

16,363
16,333
15,994
15,542

6,777
7,280
9,507
10,088 i

2,628
2,901
2,973
4,684

i,94
1,971
1,943

1,704
1,731
1,744
1,774

14
21
16
19

7,960
8,125
8,410
8,409

3,114
3,268
3,227
3,010

319
322
322
332

1953Apr.
June
Sept.
Dec.

20..
30..
30. .
31..

60,843
60,176
63,552
64,660

48,772
48,289
51,475
52,571

3,599
4,064
4,171
4,095

3,725
3,807
8,602 \
8,287 ;

9 581
9 242
10 909

31,868
31,176
27,793
29,890

15,749
17,277
13,813
14,996

9,670
8,182
8,263
9,183

4,678
3,854
3,S67
3,883

1,770
1,761
1,749
1,724

26
29
30
31

8,860
8,680
8,902
8,871

2,850
2,838
2,S03
2,841

335
340
342
344

1,872
6,285

3, 546
5, 410

14,485
18,948

1, 651
2, 672

6,278

9,418

5, 251

23,545

4,360

12,071

6, 906

27 , 265

56,771
59,452
66,784

4,466
3,748

14,228
13,982

10, 640
14 127

73,305
78,838
84,408

67,915
73,206
78,323

2,633
2,275

i5, 584
16,985

1946^June 29. .
Sept, 30..
Dee. 31..

78,729
74,931
69,666

72,251
68,232
63,030

1,072
1,167

1947 -June 30..


Oct. 6. .
Dee, 31 . .

66,146
66,590
65,218

59,189
59,288
57,904

1948 Apr. 12..


June 30. .
Dec. 31..

62,834
61,578
59,556

55,364
54,131
52,149

1949 -Apr.
June
Nov,
Dec.

11..
30. .
1..
31..

58,930
60,859
65,323
65,297

1950 -Apr.
June
Oct.
Dec.

24..
30. .
4. .
30..

1951 Apr,
June
Oct.
Dec.

Digitized for FRASER


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

1,509
4,363

10 300

ioi

102
103
,

1954 Apr.
June
Oct.
Dec.

15..
30. .
7..
31..

63,407
65,988
72,286
71,352

50,767
53,076
58,744
57,789

3,957
3,915
4,531
4,075

4,973
4,417
3,740
4,307

7,488
10,374
13,012
12,464

34, 348
34,369
37,460
36,944

11,729
11,319
14,614
10,803

16,655
17,011
16,558
19,782

4,153
4,239
4,487
4,571

88
76
64
42

1,723
1,724
1,738
1,745

34
36
13
20

9,598
9,890
10,490
10,449

2,660
2,637
2,682
2,729

348
350
357
365

1955 Apr.
June
Oct.
Dec.

11..
30. .
5..
31 . .

69,166
66,473
64,961
64,377

54,956
52,530
50,922
50,688

2,999
2,377
2,534
3,250

3,204
1,281
960
1,738

13,450
13,969
13,119
11,508

35,303
34,903
34,309
34,192

9,310
8,976
8,554
10,755

19,348
19,373
19,299
17,784

4,634
4,575
4,482
3,713

275
237
261
234

,736
,742
,713
,706

12
13
10
9

10,834
10,584
10,747
10,444

2,992
2,961
2,895
2,843

372
386
388
393

1956Apr.
June
Sept,
Dec.

10. .
30. .
26. .
31..

61,542
59,645
59,849
60,734

47,691
46,213
46,343
47,563

1,956
2,013
2,147
4,383

1,428
840
1,783
1,469

10,930
10,332
9,954
9,493

33,377
33,029
32,459
32,218

10,450
10,309
10,842
17,281

17,633
17,290
16,094
9,480

3,673
3,908
4,031
4,032

153
149
144
149

,468
,373
,349
,277

11
12
11
12

10,802
10,557
10,687
10,494

2,633
2,456
2,397
2,250

405
406
411
415

1957Man
June
Oct.
Dec.

14..
6. .
11..
31 . .

59,732
59,360
60,030
61,403

46,223
45,821
46,234
47,073

3,540
3,439
3,377
3,948

1,679
2,798
3,517
3,534

8,914
7,952
8,055
8,560

32,090
31,632
31,285
31,031

17,277
17,192
18,756
19,548

9,410
9,262
7,957
6,849

4,009
4,067
3,587
3,730

150
142
109
101

1,244
969
877
803

12
8
6
7

10,780
10,768
11,086
11,235

2,297
2,345
2,277
2,645

419
418
426
444

1958 Mar.
June
Sept.
Dec.

4. .
23..
24. .
31 . .

62,787
69,443
69,885
70,804

47,862
53,160
53,280
54,294

3,700
3,574
3,082
4,644

2,396
2,905
6,148
6,143

8,504
10,480
10,568
11,117

33,262
36,201
33,482
32,390

19,360
18,052
19,181
18,338

8,975
13,016
9,278
9,601

3,805
3,847
3,745
3,216

330
478
433
439

791
807
845
796

5
5
5
6

11,641
12,786
13,393
13,405

2,828
3,037
2,748
2,630

450
455
459
470

1959 Mar.
June
Oct.
Dec.

12. .
10. .
6. .
31..

69,654
66,858
63,470
63,100

52,955
50,216
46,771
46,771

4,416
3,854
3,574
4,612

5,488
3,688
1,820
1,812

11,326
11,410
11,448
11,604

31,725
31,264
29,929
28,744

20,235
19,763
18,685
17,878

7,022
6,940
7,643
8,144

3,224
3,351
2,466
1,795

468
438
417
393

777
771
718
534

5
9
25
41

13,739
13,820
13,978
13,677

2,476
2,328
2,204
2,108

479
485
492
502

1960 Mar.
June
Oct.
Dec.

15..
15..
3..
31 . .

59,722
59,313
62,050
65,685

43,547
43,453
45,875
49,007

3,235
2,521
4,625
6,402

949
1,583
2,223
2,296

11,484
11,959
13,398
15,072

27,878
27,390
25,629
25,236

20,181
19,898
17,722
17,897

5,383
5,209
5,518
4,973

1,438
1,399
1,450
1,496

367
406
518
458

509
478
421
412

58
73
94
99

13,732
1 3 , 473
13,897
14,141

1,874
1 796
1,656
1,903

512
518
527
536

1961 Apr.
June
Sept.
Dec.

12..
30 . .
27,.
30..

65,977
68,057
72,582
73,366

48,197
50,222
53,721
53,914

5,216
5,962
9,693
9,229

1,681
2,951
1,933
1,842

3,386
4,181
5,058
6,457

12,548
12,295
13,266
14,932

25,367
24,834
23,771
21,454

4,001
5,427
4,508
1,975

12,198
11,018
11,585
12,871

7,094
6,397
5,765
4,688

1,665
1,590
1,517
1,614

408
401
397
307

135
139
142
144

1 5 , 284
15,220
16,115
16,691

1,140
1,278
1,434
1,510

672
642
609
524

550
556
562
583

1962 Mar. 26. .


June 30..
Sept. 28..
Dec. 28..

72,507
74,285
74,526
77,061

51,784
51,920
51,185
52,838

7,262
6,467
6,124
8,862

3,184
2,984
2,901
3,249

7,407
9,448
4,903
4,269

12,716
11,919
14,660
15,174

21,215
21 , 102
22,597
21,284

1,901
794
3,636
1,795

11,133
11,496
8,410
8,839

6,264
6,987
9,556
9,825

1,624
1,537
720
608

293
288
275
217

139
145
138
131

17,994
19,321
20,129
20,773

1,473
1,742
1,884
2,103

515
536
549
572

601
621
642
644

1963Mar. 18..
June 29 . .
Dec. 20. .

76,570
77,407
78,415

51,378
50,314
49,246

7,839
6,863
8,032

2,628
2,608
1,307

2,916
3,470
4,532

16,565
15,953
13,539

21,431
21,420
21,836

1,241
1 , 100
830

7,203
7,560
10,156

11,808
11,690
9,755

970
865
899

209
205
196

84
85
96

21,978
23,533
25,210

1,938
2,237
2,604

521
557
552

671
681
708

1964 June 30..


Dec. 31 . .

76,484
80,807

46,108
48,588

6,707
9,932

16

5,053
5,575

13,519
9,663

20,813
23,419

1,512
1,515

9,193
1 1 , 240

9,060
9,866

863
634

185
164

126
130

26,579
28 , 374

2,238
2,439

695
517

738
759

1965 June 30. ,


Dec. 31 . .

78,496
81,777

43 , 302
44,992

6,260
9,441

5,637
5,325

5,792
4,781

25,612
26,291

694
1,713

12,398
12,939

11,413
10,663

954
911

153
66

93
76

31,036
32*588

2,678
2*984

547
1 21 A

839

1966June 30..
Dec. 31 . .

79,511
80,884

39,942
41,924

5,525
8,074

859
493

4,125
4,728

4,993
5,061

25,333
24,520

890
1,097

13,188
13,897

10,428
8,677

769
793

58
56

93
89

33,896
33,800

4,449
3,823

1,223
1,337

1967June 30..
Dec. 30. .

86,452
96,271

40,636
46,956

5,392
9,633

377

3,464
4,419

7,508
9,237

24,626
24,305

1,031
2,783

14,880
15,177

7,780
5,364

882
930

53
51

229
308

39,085
41 , 520

4,932
5,849

1,799
1 ,946

1968June 29.. 94,614


Dec. 31.. 104,802

43,361
47,881

4,415

4,983

11,311

23,372

3,673

13,017

5,704

934

44

248

43,382
48,423

5,817
6] 277

2,054

1969 june 30
Dec. 31..

95 746
94,618

39 382
39,833

2,914

2,592

13,654

20,060

4,982

13,573

567

897

41

101

48 600
47)227

5 975
5*847

1 789
1J711

1970June 30
95 451
Dec. 31 . . 112,004

37 , 324
45,399

3,247

5,974

13,642

14,287

1,403

11,964

186

697

37

156

50 108
55 ',662

6 153
8',680

1 866
2' 262

For notes see end of Table 2.5 E.

Digitized for FRASER


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

'

2, *221

2.1 ALL MEMBER BANKS Continued

1
w

E. DEPOSITS
fin millions of dollars]
Demand
Interbank

IPC

Call date

Total
deposits

Total
IPC

Foreign
govt.
and
other

State
and
local
govt.

Certified
and
officers'
checks,
etc.

U.S.
Govt.

li

Time

Domestic

Mutual
savings

Commercial

Total
Foreign

Savings

Other
time

Interbank

IPC

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.
and
postal
savings

Domestic

Commercial

Mutual
savings

Foreign

749

11,615
11,719
11,727
11,852

10,940
11,063
11,104
11,215

461
441
418
432

68
59
51
51

133
142
154
144

696
700

11,980
12,070
12,319

11,368
11,459
11,687

411
410
435

52
59
56

150
134
135

10,498
9,610
10,797
9,714

681
671

12,431
12,495
12,558
12,487

11,837
11,898
11,980
11,878

392
397
382
418

54
55
50
50

147
138
147
133

589
711
1,142

10,286
9,110
10,101

746
811

12,087
12,236
12,841

11,520
11,673
12,366

395
400
332

49
49
56

123
109
82

5
5

7,236
17,542
9,444

1,050
1,065
1,573

9,648
9,806
9,603

832
833
891

13,866
14,667
15,330

13,382
14,176
14,822

341
316
327

71
109
120

66
62
58

5
5
4

3,613

3,638
3,744

11,468
17,634
18,509

1,058
1,460
1,251

9,263
9,904
10,881

937
937
945

16,165
16,947
19,317

15,645
16,448
18,807

347
333
347

113
104
105

54
52
47

6
11
11

59,409
57,417
62,950

4,030
3,877
4,240

12,409
21,967
22,179

1,305 |
1,138 I
2,450 |

10,250
11,064
12,333

,016
,106
,243

20,548
21,809
24,274

20,004
21,254
23,712

378
392
399

101
102
99

54
44
46

16
18

96,332
92,864
90,917

65,589
67,129
69,127

4,826
4,763
4,915

12,009
7,763
2,672

2,179
1,796
2,207

10,391
10,042
10,644

,339
,370
,353

26,187
26,817
27,253

25,568
26,150
26,525

447
491
551

101
104
114

46
45
43

26
27
19

115,435
118,495
122,528

87,361
90,162
94,138

67,933
69,047
72,704

5,376
5,059
5,504

1,976 I
1,821 |
2,401 i

9,612
10,471
10,978

,369
,455
,375

28,074
28,333
28,390

27,259
27,511
27,542

649
661
693

106
110
105

38
37
39

21
13
11

1948=-Apr. 12
June 30
Dec. 31

116,672
117,452
121,362

88,041
88,583
92,459

68,093
68,204
70,947

5,570
5,873 I
5,850

1,095
2,308
1,176 S
i
2,115
1,846
2,122

1,755 1
1,873
1,962

9,133
9,433
10,098

,375
,353
,480

28,632
28,869
28,902

27,616
27,805
27,801

927

872
912

102
106
111

33
31
30

9
16
33

1949^Apr.
June
Nov.
Dec.

11.
30.
1.
31.

116,011
116,980
120,640
123,885

86,906
87,576
91,393
94,561

66,766
67,157
69,493
71,589

5,849
5,983 ;
5,913 I
6,017

2,563
1,980 I
2,987
2,838

1,462
2,222
1,829
2,185 ;

8,855
8,864
9,778
10,623

,411
,369
,393
,310

29,105
29,405
29,248
29,324

27,885
28,038
27,876
27,934

,030
,069
,043
,051

122
157
170
175

27
24
25
24

39
117
134
139

1950Apr.
June
Oct.
Dec.

24.
30.
4.
30.

119,967 90,361
122,707 92,878
124,477 95,005
133,089 103,412

69,365
70,463
73,190
78,659

6,100
6,428
6,048
6,400

2,687
3,340
2,482
2,523

1,718 !i
2,001
1,772 !
2,724

9,150
9,368
10,115
11,669

,343 i
,278 !
,398
1,437 I

29,605
29,829
29,472
29,677

28,213
28,328
27,921
28,032

,074 !
,115
,135 '
,121 '

170
182
180
183

27
26
26
24

123
178
210
318

775
694
675
743

533
790
666
563

6,816
7,097
8,989
8,507

24,965
26,397
29,576

2,499
2,529
2,724

725
711
616

558
475
913

9,449
8,852
9,581

44,393
46,016
47,546
49,231

29,752
31,429
32,149
33,061

2,957
2,940
3,090
3,066

523
619
781
1,709

662
738
730
1,009

61,013
63,404
78,277

48,926
51,168
65,436

32,602
35,646
42,139

3,285
3,230
3,318

2,164
1,724
7,923

1943 June 30.


Oct. 18.
Dec. 31 .

84,016
94,968
92,262

70,151
80,301
76,932

47,863
47,849
51,820

3,522
3,206
3,602

1944 Apr. 13.


June 30.
Dec. 30.

94,631
101,276
110,917

78,466
84,328
91,600

52,126
50,756
56,270

I945^Mar. 20.
June 30,
Dec. 31.

108,967 88,419
118,378 96,569
129,670 105,395

1946June 29.
Sept. 30.
Dec. 31.

122,519
119,680
118,170

1947 June 30.


Oct. 6 .
Dec. 31.

1939 Mar.
June
Oct.
Dec.

29.
30.
2.
30.

43,666
45,873
48,430
49,340

32,051
34,154
36,703
37,488

20,845
22,448
23,983
24,604

2,467
2,532
2,390
2,321

50,178
51,729
56,430

38,197
39,659
44,110

4.
30.
24.
31 .

56,824
58,512
60,105
61,717

1942 Apr. 4.
June 30.
Dec. 31 .

. 26.
June 29.
Dec. 31 .

1941 Apr.
June
Sept.
Dec.

Digitized for FRASER


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

;
!
I
!

615
593

13
14
10

6,256
5,811
3,848
3,101

1,841
2,093
1,717
2,961

9,739
9,659
11,435
12,634

1,444
1,327
1,255
1,369

29,640
30,073
30,544
31,045

27,891
28,263
28,667
29,128

1,201
,243
,224
,238

190
206
233
257

25
23
23
22

333
339
397
400

7,029

5,409
5,439
4,023
4,567

2,219
2,555
1,803
2,744

10,841
11,013
10,897
12,594

1,308
1,329
1,370
1,431

31,565
32,257
32,522
33,482

29,556
30,196
30,413
31,266

,291
,303
,309
,303

272
288
300
321

24
28
33
32

422
441
466
560

7,234
7,403
6,989
7,530

3,044
3,378
5,555
3,756

2,520
2,256
2,375
2,783

10,593
10,947
11,153
12,858

1,350
1,300
1,341
1,291

34,055
34,803
35,259
36,234

31,783
32,412
32,825
33,311

,337
,395
,380
,595

311
310
310
308

29
32
32
38

595
653
713
983

81
81
82
88

7,623
7,839
7,058
7,781

3,268
5,165
6,546
3,715

2,537
2,581
2,435
2,964

11,246
11,956
12,280
13,015

1,270
1,280
1,352
1,493

37,347
38,396
39,271
39,425

33,932
34,687
35,370
35,650

,754
,912
2,017
1,966

307
300
324
334

51
54
63
64

,302
,443
,496
,412

113,625
114,411
113,720
123,239

86
85
87
93

7,345
8,117
7,462
8,075

4,714
4,656
3,258
3,327

2,474
2,919
2,678
3,638

11,533
11,482
11,720
13,002

1,486
1,531
1,513
1,511

39,754
40,259
40,442
40,518

36,002
36,504
36,776
36,972

2,008
,968
,875
,865

330
338
325
327

52
50
38
38

,362
,400
,428
,315

155,842
158,388
157*615
167,906

115,053
116 847
115,792
125,708

87
87
87
95

7,780
8,496
7,684
8,211

3,486
4,806
4,538
3,292

2,781
3,004
2,696
3,475

11,757
11,627
11,400
13,818

1,603
1,510
1,615
1,749

40,789
41,542
41,823
42,197

37,275
37,916
38,264
38,769

,992
,954
,913
,839

315
302
301
301

38
42
42
39

,168
,328
,304
,250

Oct. 11.
Dec. 31.

159,593
157*593
161,871
170*637

115,996
112,911
115,921
124*100

91
86
89
93

7,778
8,371
7,634
8,412

1,789
2,932
3,575
3,472

2,807
2,616
2,366
3,331

11,059
10,799
11,450
13,356

1,546
1,568
1,760
1,726

43,596
44,682
45,950
46,537

40,028
40,883
42,253
42,845

1,965
2,128
2,128
2,170

296
302
292
275

50
46
34
27

,258
,323
,243
,220

Mar. 4.
June 23.
Sept. 24 .
Dec. 31.

164,196 115,457
1 73*,904 121,744
1 70^03 1 117*005
182^816 1 29,497

87
87
89
98

8,430
8,628
7,992
8,603

3,231
8,658
3,782
3,822

2,831
3,482
2,447
3,712

11,703
11,676
11,994
13,614

1,532
1,597
1,464
1,613

48,740
52,160
53,026
53,319

43,936
46,339
47,468
48,004

2,558
3,296

67
139
144
141

1,937
2,127

2,829

242
259
279
300

174,338
174,811
176,674
184,706

120,379
120,021
1 22,245
130,542

93
93
92
98

8,203
8,207
8,218
8,915

2,154
2,406
4,298
4,504

3,004
3,288
3,542

11,493
11,446
12,091
13,389

1,614
1,499
1,458
1,659

53,959
54,790
54,429
54,165

48,699
49,565
50,094
50,185

2,884
2,937
2,473
2,383

283
297
265
259

132
124
105
81

1,962
1,866
1,492
1,257

176,710
179,519
182,280
193,029

122,895
124,678
125,052
134,117

94
93
92,
99,

8,156
8,304
8,563
9,016

3,959
5,745
6,715
5,287

2,937
3,366
3,544
4,244

11,568
11,980
12,648
14,875

1,428
1,387
1,434
1,561

53,815
54,841
57,228
58,912

49,878
50,534
52,328
53,477

2,532
2,768

249
234
237
237

71
98
129
175

1,085
1,208
1,418
1,464

185,375
189,226
192,305
209,630

123,115
124,376
125,930
142,170

95,227
92,238
93,211
104,803

654
648
686
650

8,442
9,241
8,479
9,487

1,909
5,731
7,293
5,381

3,175
3,441
2,935
4,654

654
580
576
675

12,112
11,481
11,781
15,249

941
1,016
968
1,270

62,261
64,849
66,375
67,460

48,330
49,648
50,500
51,985

7,657
8,652
9,037
8,367

1,763
1,809
2,088
2,174

4,008
4,203

197,084 124,971
206,057 130,544
207,347 130,045
219,468 139,393

93,016
94,173
95,340
103,929

645
652
560
717

8,616
9,107
8,961
9,270

6,125
8,734
7,653
6,086

3,258
4,080
3,448
4,083

597
642
585
652

11,606
11,991
12,432
13,419

1,108
1,163
1,065
1,237

72, 1 1 3
75,513
77,302
80,074

53,421
55,213
56,848
58,296

11,078
12,424
12,830
13,595

2,156
2,156
2,111
2,424

4,866
5,096

214,451
222,619
229,376

1 30,740
135,696
138,065

97,882
97,333
103,296

600
620
834

8,874
9,535
9,376

4,760
9,761
5,986

3,950
4,060
4,055

616
679
582

12,942
12,467
12,796

1,117
1,242
1,140

83,711
86,923
91,311

59,636
61,023
62,666

15,045
16,451
18,627

238,052
255,724

139,493
151,383

100,942
112,060

663
819

9,639
10,293

9,342
5,838

4,379
5,368

716
709

12,531
14,895

1,280
1,403

98,559
104,340

65,099
67,888

259,743
275,517

146,238
154,475

103,731
115,023

771
882

10,127
10,840

10,806
4,890

5,449
5,386

741
825

13,268
15,152

1,346
1,477

113,505
121,042

281,209
292,004

152,715
161,439

108,268
119,556

764
860

11,445
11,406

9,979
4,432

6,095
6,396

843
747

13,909
16,304

1,412
1,736

128,494
130,565

128,229 98,588
1 29 737 99,664
132,369 101,825
141,015 109,970

73
74
77
83

1952Mar. 31.
June 30.
Sept. 5.
Dec. 31 .

135,165 103,600
138*769 106,512
136,937 104,415
147,527 114,045

77
79
79
85

6,989

1953Apr. 20.
June 30.
Sept. 30.
Dec. 31.

139,795
140 830
1 43*803
150,164

105,740
106,027
108,544
113,930

80
80
81
85

1954Apr. 15
June 30
Oct. 7
Dec. 31

144,436 107,089
148 252 109 856
151,717 1 12,446
157,252 117,826

1955Apr.
June
Oct.
Dec.

153,379
1 54 670
154,162
163,757

1956Apr. 10.
June 30.
Sept. 26.
Dec. 31 .
1957_Mar. 14.
June 6.

1951Apr.
June
Oct.
Dec.

1958

9.
30.
10.
31.

11.
30.
5.
31.

1959Mar. 12...
June 10...
Oct. 6...
Dec. 31...

I960Mar. 15
June 15
Oct. 3
Dec. 31

1961Apr. 12
June 30
Sept. 27
Dec. 30

1962Mar. 26
June 30
Sept. 28
Dec. 28

1963Mar. 18.
June 29.
Dec. 20.

1964June 30.
Dec. 31 .

1965June 30.
Dec. 31 .

1966June 30.
Dec. 31.

Digitized for FRASER


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

6,190
6,713

6,059
6,666
6,816
6,591

3,110

3,104

3,117

3,559

2,030
2,046

250
263
254
260

16
15
14
8

130
156
170
178

107
104
98
117

4,916
5,158

261
274
245
243

21
32
31
28

190
191
193
207

122
128
128

2,670
2,848
3,033

5,745
5,999
6,364

241
228
240

38
33
39

210
237
222

121

22,107
23,669

3,556
3,868

7,045
8,012

227
239

73
110

306
321

146
233

71,473
75,581

28,315
30,293

4,026
4,052

8,592
10,041

247
236

210
154

400
450

240
236

73,654
72,624

39,073
41,771

4,301
4,180

10,334
10,983

204
213

163
142

523
424 i

242
228

4,214
4,371

123

53

2.1 ALL MEMBER BANKSContinued


E. DEPOSITSContinued
[In millions of dollars]
Time

Demand
Interbank

IPC

Total
deposits

Call date

Total
IPC

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.

Certified
and
officers'
checks,
etc.

Domestic

Mutual
savings

Commercial

Interbank

IPC

Total
Foreign

Savings

Other
time

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.
and
postal
savings

Domestic

Mutual
savings

Commercial

Foreign

297,529 154,293 113,360


327,012 177,423 111,318

763
866

1 1 , 566
11,857

4,580
4,631

6,857
7,940

111
896

14,834
18,054

1,557 143,236
1,861 149,589

73,558
75,748

50,368
54,489

5,010
5,093

12,747
12,856

240
235

473
204

649
665

192
299

323,935 170,240 123,966


356,351 191,748 141,621

749
855

12,503
12,851

4,127
4,309

9,251
8,592

828
896

16,981
20,587

1,834 153,695
2,036 164,603

75,957
76,513

58,593
66,361

4,553
4,671

13,373
15,668

286
330

196
144

522
633

216
283

1969 June 30
Dec. 31

345,347 187,258 133,082


350,759 199,704 145,082

775
911

12,916
13,274

4,874
4,114

11,513
10,483

1,049
977

20,977
22,464

2,072 158,088
2,399 151,055

74,833
73,154

64,703
60,834

4,453
6,321

13,071
9,951

305
186

36
30

464
339

222
241

1970 June 30
Dec. 31

346,229 187,995 132,884


385,176 203,634 146,580

922
893

12,930
13,250

6,957
6,460

9,179
7,309

940 21,870
927 . 25,333

2,313 158,234
2,882 181,542

73,158
76,452

64,344
80,005 j

6,730
4,54!

13,142
18,406

168
406

92 1
273

409
I t 290

191
169

1967 June 30
Dec. 30
1968=-June 29
Dec. 31

..

For notes see end of Table 2,5 E.

Digitized for FRASER


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

2.2 RESERVE CITY MEMBER BANKS NEW YORK CITY


A. TOTAL ASSETS AND NUMBER OF BANKS
[Assets in millions of dollars]
Loans and investments

Call date

Total
assets

Balances with

Investments
Total

Loans

Total

U.S.
Govt.
Other
securities securities

Reserve
with
F. R.
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Cash
items

Bank
premises,
etc.

Other
real
estate

Customers'
liability
on
acceptances

Other
assets

Number
of
banks

1939 Mar 29
June 30
Oct. 2
Dec 30

14,243
15,282
16,376
16,413

8,408
8,688
9,044
9,339

3,086
2,988
3,116
3,296

5,322
5,700
5,928
6,043

4,025
4,484
4,558
4,772

1,296
1,216
1,370
1,272

4,582
4,975
5,929
5,915

63
61
85
89

156
112
109
125

29
26
23
14

604
1,029
806
560

212
210
208
207

51
51
51
40

78
75
57
75

60
56
65
49

36
36
36
36

1940 Mar 26
June 29 ..
Dec. 31

17,174
17,918
19,688

9,594
9,829
10,910

3,211
3,014
3,384

6,383
6,815
7,527

4,972
5,486
6,044

1,412
1,328
1,483

6,386
7,072
7,057

84
88
102

163
119
122

13
11
6

568
453
1,137

206
204
200

40
37
34

69
54
57

51
52
63

36
36
36

1941 Apr. 4
June 30
Sept. 24
Dec. 31

19,625
19,863
19,748
19,862

11,696
12,493
12,930
12,896

3,502
3,778
3,939
4,072

8,194
8,715
8,991
8,823

6,625
7,268
7,331
7,265

1,568
1,447
1,660
1,559

6,715
5,857
5,534
5,105

85
136
96
93

154
131
114
141

4
5
5
6

588
900
731
1,290

203
202
201
200

34
34
33
31

54
50
40
44

91
53
64
55

36
36
36
36

1942 Apr. 4
June 30
Dec 31

19,315
20,143
24,127

13,123
14,019
17,957

4,173
4,066
4,116

8,950
9,953
13,841

7,381
8,550
12,547

1,569
1,404
1,294

5,236
4,762
4,388

81
88
72

190
103
82

7
8
8

349
847
1,313

199
202
199

31
30
28

32
32
22

68
52
57

36
37
37

1943 June 30
Oct. 18
Dec 31

24,029
27,117
25,499

18,982
22,137
19,994

4,009
5,373
4,428

14,974
16,764
15,566

13,887
15,734
14,563

1,087
1,031
1,002

3,473
3,426
3,596

92
100
92

52
71
61

12
10
13

1,111
1,053
1,436

193
191
192

22
20
17

29
27
26

63
81
71

37
37
37

1944 Apr 13
June 30
Dec. 30

25,918
28,003
29,230

20,805
22,669
24,003

4,594
5,479
5,760

16,211
17,190
18,243

15,175
16,157
17,179

1,035
1,033
1,065

3,530
3,455
3,766

111
85
102

57
60
76

11
10
10

1,090
1,420
967

190
188
180

16
14
12

30
27
36

77
75
79

37
37
37

1945 Mar. 20
June 30
Dec 31

28,238
30,813
32,887

22,734
25,756
26,143

5,054
7,069
7,334

17,681
18,687
18,809

16,568
17,492
17,574

1,113
1,196
1,235

3,949
3,879
4,015

104
89
111

62
64
78

10
14
12

1,093
716
2,223

178
176
172

11
10
7

25
24
37

71
84
89

37
37
37

1946 June 29
Sept. 30
Dec 31

30,143
28,080
27,380

23,304
21,972
20,834

6,506
6,258
6,368

16,798
15,714
14,465

15,646
14,410
13,308

1,152
1,304
1,158

4,255
4,015
4,046

85
129
131

68
61
87

18
30
25

2,102
1,553
1,948

169
169
164

5
5
4

54
60
64

83
86
78

37
37
37

1947 june 30
Oct
6
Dec. 31

26,890
26,792
27,982

20,332
20,469
20,393

6,548
6,881
7,179

13,784
13,588
13,214

12,571
12,305
11,972

1,213
1,283
1,242

4,166
4,254
4,639

123
143
151

50
55
70

20
14
15

1,884
1,530
2,387

161
160
159

4
4
3

55
70
83

95
93
83

37
37
37

1948 Apr. 12
June 30
Dec 31

26,191
26,272
26,956

19,547
19,019
18,759

7,169
7,550
8,048

12,378
11,469
10,712

11,129
10,358
9,649

1,249
1,110
1,063

4,481
4,883
5,643

141
122
117

46
46
67

10
12
17

1,602
1,734
1,913

158
158
157

3
3
4

98
124
105

106
170
173

37
35
35

1949 Apr. 11
June 30
Nov. I ...
Dec. 31

25,258
26,598
26,312
26,962

18,065
19,103
19,451
19,583

7,546
7,689
7,505
7,550

10,519
11,413
11,946
12,033

9,383
10,278
10,751
10,746

1,136
1,135
1,195
1,287

5,164
4,726
4,532
4,462

140
130
114
112

41
56
35
68

11
10
34
26

1,437
2,187
1,742
2,318

156
156
154
152

4
4
3
3

87
86
83
100

152
141
163
138

35
35
25
25

1950Apr. 24
June 30
Oct. 4 ...
Dec. 30

25,607
26,261
26,437
28.954

19,216
19,548
19,821
20.612

7,616
7,723
8,821
9.729

11,599
11,825
11,001
10.883

9,987
10,281
9,132
8.993

1,613
1,544
1,869
1.890

4,297
4,235
4,418
4.693

131
92
125
118

33
38
41
78

21
32
92
94

1,541
1,931
1,510
2.939

152
151
151
153

3
3
3
3

96
110
136
125

119
120
139
139

25
25
24
23

Digitized for FRASER


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

9
w

RESERVE CITY MEMBER BANKSNEW YORK CITYContinued


A. TOTAL ASSETS AND NUMBER OF BANKSContinued
[Assets in millions of dollars]
Loans and investments

Total
assets

Call date

Loans

Total

Balances with

Investments
Total

U.S.
Govt.
Other
securities securities

Reserve
with
F. R.
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Cash
items

Bank
premises,
etc.

Customers*
liability
on
acceptances

Other
real
estate

Other
assets

Number
of
banks

oo

195l=-Apr.
June
Oct.
Dec.

9
30
10
31

28,061
28,444
27,680
30,464

20,371
20,604
20,280
21 , 379

10,008
10,234
10,527
11,146

10,363
10,370
9,753
10,233

8,413
8,460
7,718
8,129

1,949
1,910
2,035
2,104

5,379
5,053
5,356
5,246

143
96
159
159

38
48
39
79

69
79
31
28

1,603
2,116
1,363
3,051

153
154
156
153

3
2
2
2

169
152
157
209

134
139
138
157

23
22
22
22

1952 Mar.
June
Sept
Dec.

31
30
5
31

29,449
30,365
28,203
31,053

20,892
21,710
20,901
22,130

10,940
11,268
10,944
12,376

9,953
10,442
9,957
9,754

7,741
8,212
7,663
7,678

2,211
2,231
2,295
2,076

5,349
5,266
5,050
5,059

137
168
134
148

264
92
34
84

20
19
27
55

2,248
2,589
1,533
3,073

155
155
155
157

2
2
2
3

220
190
195
205

161
172
171
139

22
22
22
22

1953 Apr.
June
Sept.
Dec

20
30
30
31

28,779
28,814
29,692
30,684

20,579
20,452
21 , 568
22,058

12,169
11,883
12,114
12,289

8,409
8,569
9,454
9,769

6,266
6,639
7,436
7,765

2,143
1,930
2,018
2,004

5,052
5,204
4,885
4,846

143
127
135
129

42
49
49
70

23
34
26
35

2,436
2,465
2,504
2,993

158
158
158
158

3
3
3
3

201
190
234
253

143
131
131
139

22
22
22
22

1954 Apr
June
Oct.
Dec.

15
30
7
31

29,584
30,771
31,271
32,193

21,755
22,681
23,794
23,880

11,924
11,619
11,633
12,039

9,831
11,062
12,161
11,841

7,457
8,695
9,643
9,342

2,374
2,367
2,518
2,499

4,635
4,614
4,636
4,398

134
131
154
126

49
60
39
67

27
35
48
76

2,395
2,684
1,978
2,914

158
161
167
162

3
4
3
3

289
249
273
388

138
153
178
179

22
22
22
21

1955 Apr.
June
Oct.
Dec.

11
30
5
31

31,155
31,559
30,792
33,228

23,578
23,099
23,007
23,583

12,819
13,016
13 ,,882
14,640

10,758
10,083
9,125
8,943

8,212
7,782
6,774
6,796

2,546
2,300
2,351
2,148

4,414
4,399
4,265
4,431

163
138
145
127

41
87
81
111

43
58
39
52

2,139
3,067
2,544
4,226

174
175
177
185

3
3
3

414
320
318
318

187
213
214
193

18
18
18
18

1956 Apr.
June
Sept,
Dec

10
30
26
31

30,905
31,801
31,457
33,381

23,159
23,270
23,422
23,809

14,945
15,373
15,804
15,987

8,214
7,896
7,618
7,822

6,000
6,011
5,650
6,057

2,214
,885
,968
,765

4,145
4,331
4,133
4,375

145
94
147
161

91
89
73
99

30
33
90
28

2,633
3,207
2,753
3,966

172
176
178
187

1
1

297
355
423
492

234
246
237
262

18
18
18
18

1957 Mar 14
June 6
Oct. 1 1
Dec. 31

32,629
30,993
31,594
33,975

23,793
23,293
23,277
23,828

16,213
15,895
16,067
16,102

7,580
7,398
7,210
7,726

5,661
5,738
5,420
5,880

,919
,660
,789
,846

4,458
4,080
4,361
4,564

151
143
116
158

51
45
39
110

32
37
32
41

3,161
2,386
2,576
4,110

189
195
208
215

4
5
5

542
533
703
698

249
277
279
245

18
18
18
18

1958~Mar.
June
Sept.
Dec.

4
23
24
31

33,582
36,664
32,782
36,398

24,664
27,149
25,230
25,966

16,208
16,764 I
15,464
16,165

8,457
10,385
9,766
9,802

6,295
8,035
7,350
7,486

2,161
2,350
2,416
2,315

4,230
4,418
3,819
4,454

127
145
142
161

55
76
62
92

24
40
55
57

3,124
3,593
2,233
4,534

220
225
233
244

5
6
6

850
700
638
591

283
313
366
293

IB
18
18
18

1959 Mar.
June
Oct.
Dec.

12
10
6
31

34,553
34,387
34,081
35,750

25,979
25,648
25,315
25,291

15,825
16,514
17,502
18,121

10,154
9,134
7,813
7,170

7,672
6,745
5,418
5,002

2,481
2,389
2,395
2,168

3,987
4,090
3,779
3,908

161
148
140
151

60
66
56
138

34
48
40
51

3,175
3,202
3,521
4,925

248
256
294
323

i
6

579
520
481
510

324
402
450
447

18
17
16
16

1960 Mar.
June
Oct.
Dec.

15
15
3
31..

34,524
36, 102
37,306
39,767

24,962
25,774
26,386
27,726

18,073
18,350
17,760
18,465

6,889
7,424
8,626
9,262

4,637
5,384
6,354
6,980

2,252
2,040
2,273
2,282

3,798
4,054
4,031
3,398

139
144
144 |
199

76 i
87
78
147

27
40
76
77

4,155
4,565
4,894
6,480

331
331
366
291

5
7
7
49

664
712
943
1,036 j

367
389
382
364

16
16
15
15

1961 Apr.
June
Sept.
Dec.

12
30
27
30

37,092
38,741
39,540
43,538

26,902
28,220
29,453
30,297

17,678
18,054
18,183
19,535

9,224
10,167
11,270
10,762

6,419
7,642
8,402
7,862

2,805
2,524
2,868
2,900

3,612
3,563
3,603
3,286

202
130
203
240

118
98
78
143

77
71
78
146

4,269
4,754
4,105
7,348

307
326
323
339

52
57
60
63

1,116
1,044
1,136
1,207

437
478
502
469

15
15
14
13

Digitized for FRASER


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

....

1962 Mar. 26
June 30
Sept. 28
Dec. 28

40,069
41,910
41,263
46,135

29,930
30,396
30,511
32,989

19,795
19,224
20,060
21,954

10,134
11,172
10,452
11,034

6,805
7,659
6,596
7,017

3,330 1
3,513
3,856
4,017

3,271
3,495
3,338
4,121

231
165
184
251

68
106
99
156

84
87
76
123

4,451
5,700
5,175
6,398

347
356
365
382

67
69
73
7>

1,148
1 014
982
1 420^

472
523
461
521

13
13
16
17

1963 Man 18
June 29
Dec. 20 . ...

44,295
44,981
46,434

32,941
32,847
34,827

21,501
21,446
23,577

11,440
11,401
11,249

6,984
6,506
6,154

4,456
4,895
5,095

3,341
3,439
3,625

254
191
264

126
121
96

76
88
119

5,503
5,963
5 269

390
510
532

74
6
8

1 100
1,095
1 012

490
722
683

16
13
13

1964 June 30 ...


Dec. 31

49,716
53,867

36,693
39,507

25,490
27 , 301

1 1 , 203
12,206

5,779
6,178

5,424
6,028

3,919
3,730

273
278

82
180

157
129

6 119
7,504

6 1
6 4

1 101
1 039

762
889

14
13

1965 June 30
Dec. 31

57,150
59,517

42,225
44,763

30,975
33,125

11,250
1 1 , 638

4,907
5,203

6,342
6,435

4,274
3,788

314
310

199
122

109
127

7,290
7,529

6 20

1,113
1 077

1,007
1,179

13
12

1966 June 30
Dec. 31..

62,408
64,424

46,453
46,536

35,796
35,941

10,658
10,594

4,466
4,920

6,192
5,674

3,356
4,062

313
326

235
201

97
98

8,929
10 182

e;23
e;28
frW

1,165
1 210

1,232
1 165

12
12

1967 June 30
Dec. 30

65,668
74,609

47,701
52,141

36,441
39,059

11,260
13,082

5,048
6,027

6,212
7,055

4,397
4,786

279
397

188
476

112
113

9,712
13,025

6' 13
685

36

1,415
1 376

1,191
1 574

12
12

1968 June 29
Dec. 31

75,544
81,364

51,361
57 , 047

39,544
42,968

11,817
14,078

5,046
5,984

6,771
8,094

5,013
4,506

305
443

559
420

97
112

14,659
14 467

701
721

45
27

1,359
1 424

1,444
2 197

12
12

1969 June 30
Dec. 31

89 , 283
87,753

57 885
60,333

46 232
48 , 305

11,653
12,028

4,445
5,048

7,208
6,980

4,212
4,358

400
463

424
455

92
90

21 095
16 983

785
809

31
33

I 789
i 944

2 569
2*285

12
12

1970_june 30
Dec. 31

85,666
89,384

57,088
62,347

44,881
47,161

12,207
15,186

4,413
6,009

7,795
9,177

4,621
4,683

429
436

606
1,308

87
89

17 328
15,199

839
869

31
30

2 317
2 237

2 322
2,187

12
12

For notes see end of Table 2.5 E.

2.2 RESERVE CITY MEMBER BANKSNEW YORK CITYContinued


B. TOTAL LIABILITIES
[In millions of dollars]
Deposits

Total
liabilities
and
capital

Total

1939 Mar. 29..


June 30 . .
Oct. 2 . .
Dec. 30. .

14,243
15,282
16,376
16,413

12,337
13,341
14,531
14,507

1940~Mar.26..
June 29 . .
Dec. 31 . .

17,174
17,918
19,688

1941Apr. 4..
June 30..
Sept. 24..
Dec. 31..

U.S.
Govt.
and
postal
savings

Other
demand

3,285
3,516
4,243
4,238

135
84
72
74

8,209
9,041
9,482
9,459

708
699
735
736

15,278
16,007
17,744

4,302
4,491
4,678

68
67
48

10,131
10,688
12,199

777
761
819

19,625
19,863
19,748
19,862

17,705
17,929
17,816
17,932

4,598
4,572
4,604
4,207

29
32
135
866

12,233
12,520
12,237
12,051

844
805
840
807

1942 Apr. 4..


June 30. .
Dec. 31 . .

19,315
20,143
24,127

17,386
18,122
22,078

3,959
3,967
3,945

967
863
4,186

11,685
12,558
13,212

1943 June 30. .


Oct. 18. .
Dec. 31..

24,029
27,117
25,499

21,937
24,843
23,256

3,687
3,675
3,680

2,820
6,571
3,400

14,654
13,803
15,334

Call date

Digitized for FRASER


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

Interbank

Other
time

Acceptances
outstanding

Borrowings

Capital accounts
Other
liabilities

Stocks
Total

Common

Surplus

Preferred

Demand deposits
Undivided
profits

Reserves
for
contingencies,
etc.

Adjusted

Net

90
90
71
86

224
265
187
228

1,592
,586
,587
,592

538
538
538
539

10
10
10
10

808
809
809
815

171
170
169
173

65
59
62
56

7,605
8,012
8,676
8,899

10,863
11,495
12,878
13,081

75
64
67

219
249
262

,601
,599
1,615

539
539
539

10
9
9

815
815
827

180
181
191

59
55
49

9,562
10,235
11,062

13,767
14,671
15,662

10

62
59
48
53

236
251
239
229

1,623
1,625
1,635
1,648

539
539
539
539

9
9
9
9

827
828
828
841

197
198
207
213

51
51
52
47

11,645
11,619
1 1 , 506
10,761 [

16,116
16,087
16,128
15,689

776
734
734

4
3

39
37
26

231
282
296

1,655
1,698
1,727

539
559
559

9
9
9

841
861
866

219
222
241

47
48
53

11,335
11,711
11,899

16,065
16,435
19,946

776
794
842

11
120
29

34
31
34

273
316
317

1,774
1,808
1,862

561
561
562

9
9
9

906
928
980

239
247
235

59
63
76

13,543
12,750
13,899

17,201
16,384
17,551

s
w
dd

2.2 RESERVE CITY MEMBER BANKSNEW YORK CITYContinued


B.

TOTAL LIABILTIESContinued
[In millions of dollars]

Call date

Total
liabilities
and
capital

Deposits

Total

Interbank

U.S.
Govt.
and
postal
savings

Other
demand

Other
time

Borrowings

Acceptances
outstanding

Capital accounts
Other
liabilities

Stocks
Total

Common

Preferred

Surplus

Demand deposits
Undivided
profits

Reserves
for
contingencies,
etc.

Adjusted

Net

1944 Apr. 13..


June 30. .
Dec. 30. .

25,918
28,003
29,230

23,635
25,679
26,773

3,653
3,968
4,041

4,033
6,157
6,729

15,079
14,674
15,009

869
879
994

68
64
96

35
30
42

290
324
354

1,891
1,907
1,966

573
574
579

8
8
8

969
978
1,001

255
264
293

85
83
85

13,989
13,254
14,042

17,616
17,194
18,051

1945Mar. 20..
June 30..
Dec. 31 . .

28,238
30,813
32,887

25,709
28,363
30,121

3,921
4,276
4,657

4,304
7,627
6,950

16,402
15,359
17,287

,083
,101
,227

164
40
195

29
29
44

341
358
407

1,995
2,023
2,120

580
580
600

8
8
1

,002
,018
,093

310
323
323

95
94
103

15,309
14,643
15,065

19,207
18,880
19,660

1946 June 29..


Sept. 30..
Dec. 31 . .

30,143
28,080
27,380

27,484
25,403
24,723

4,332
4,194
4,246

3,503
2,119
666

18,260
17,672
18,376

,390
,418
,435

27
5

63
67
72

394
408
381

2,176
2,196
2,205

601
601
601

1
j

,096
,096
,126

363
388
374

114
110
102

16,158
16,119
16,429

20,431
20,276
20,605

1947June 30. .
Oct. 6. .
Dec. 31..

26,890
26,792
27,982

24, 142
23,787
25,216

4,148
4,287
4,464

193
576
279

18,377
17,471
19,040

,423
,454
,432

1
268
30

63
79
97

450
407
381

2,234
2,250
2,259

611
611
611

1
1

,162
,186
,197

391
380
382

68
72
69

16,494
15,941
16,653

20,751
20,725
21,036

1948 Apr. 12..


June 30. .
Dec. 31 . .

26,191
26,272
26,956

23,211
23,362
24,024

4,005
4,027
4,213

389
347
459

17,303
17,326
17,686

,513
,662
,665

119
26
25

107
136
118

487
486
482

2,268
2,262
2,306

611
609
609

1
1
1

,197
,194
,204

396
399
442

62
59
50

15,701
15,592
15,773

20,029
19,893
20,335

1949 Apr, 11..


June 30. .
Nov. 1 . .
Dec. 31 . .

25,258
26,598
26,312
26,962

22,222
23,619
23,075
23,983

3,840
3,920
4,028
4,192

488
587
868
678

16,312
17,441
16,660
17,499

,583
,670
,520
,614

104
280

94
94
98
116

514
545
531
551

2,324
2 340
2,328
2,312

659
664
651
651

1
1
2
2

,158
,178
,183
,235

456
448
442
401

51
49
50
22

14,875
15,254
14,918
15,182

19,109
19, 593
19*648
19,835

1950 Apr.
June
Oct.
Dec.

24..
30. .
4. .
30. .

25,607
26,261
26,437
28,954

22,393
23,213
23,172
25,646

3,831
3,894
4,204
4,638

553
721
552
488

16,454
16,984
16,823
18,836

,555
,613
,593
,684

152
74"
70

104
122
155
144

630
585
689
743

2,330
2,341
2,347
2,351

652
652
650
653

2
2
2
2

,237
,237
,234
,242

415
425
436
432

24
26
26
23

14,913
15,053
15,313
15,898

19,133
19,444
19,821
20,642

1951 Apr.
June
Oct.
Dec.

9..
30. .
10. .
31..

28,061
28,444
27,680
30,464

24,679
25,064
24,221
26,859

4,259
4,107
4,464
4,832

1,824
1,846
1,083
901

16,914
17,484
17,120
19,490

,682
,627
,555
,636

120
1
62
5

183
172
170
223

713
809
817
951

2,366
2,398
2,410
2,425

656
673
673
682

2
2
2
2

,242
,254
,254
,260

442
447
459
461

24
22
22
20

15,311
15,368
15,757
16,439

21,059
20,978
20,907
21,734

1952 Mar. 31 .. 29,449


June 30. . 30,365
Sept. 5.. 28,203
Dec. 31 . . 31,053

25,851
26,745
24,188
27,309

4,349
4,639
4,277
4,965

1,631
1,705
1,126
1,202

18,180
18,659
17,137
19,361

,692
,742
,648
,780

1
20
483
132

234
204
210
217

920
936
850
890

2,443
2,460
2,472
2,505

702
702
702
702

,260
,275
,275
,364

460
461
473
417

19
20
21
20

15,931
16,070
15,604
16,288

21 , 267
21,922
20,537
21 , 850

1953 Apr. 20..


June 30. .
Sept. 30..
Dec. 31..

28,779
28,814
29,692
30,684

24,772
25,244
25,996
27,037

4,458
4,578
4,645
5,214

522
937
1,744
832

18,008
17,849
17,725
18,894

,784
,880
,882
2,097

392
8
2 I
23 !

212
200
244
269

871
817
887
783

2,533
2,544
2,563
2,572

711
711
711
714

,379
,379
,379
,380

420
431
449
456

21
21
23
21

15,572
15,384
15,221
15,901

19,975
20,262
20,927
20,995

1954= Apr.
June
Oct.
Dec.

15..
30. .
7..
31 . .

29,584
30,771
31,271
32,193

25,775
27,225
27,461
28,252

5,189
5,516
5,436 i
5,709

686
1,429
2,048
791

17,881
18,114
17,671
19,414

2,018
2,165
2,306
2,338

237
1
147
1

301
259
287 !
411

660
657
723
725

2.611
2^630
2,654
2,803

719
719
719
776

,410
,410
,410
,543

457
475
495
460

24
25
29
23

15,486
15,430
15.693 f
16,500 i

20,130
21.021
2M10
21,684

1955 Apr.
June
Oct.
Dec.

11..
30. .
5..
31..

31,155
31,559
30,792
33,228

26,984
27,791
26,437
29,378

5,124 i
5,454 ji
5,202
5,600

1,607
I t 187
733
815 |

17,936 1
18,926 I
18,289 1
20,719

2,317
2,224
2,214
2,244

323
10
516
1

428
339 ;
335
338

727
703
776
766

2,693
2,715
2,728
2,745

779
779
784
784

,477
,477
,480 ;
,482

416
439
444
459

19
19
20
18

15,797
21,342
15,859
21,222
15,745 1 20,424
16,493 } 21,655

1956 Apr 10..


June 30..
Sept. 26..
Dec. 31 . .

30,905
31,801
31,457
33,381

26,709
27,775
26,703
29,149

5,068
5,327
5,105
5,987

874 i 18,444
1,201 ! 18,902
1,029
18,200
783
19,940 j

2,323 |
2,346
2,369
2,439 j

297
38
580 ;
2 ,

802
808
920
843

2,783
2,805
2,815
2,873

790
790
796
808

469 i
492
495 \
504 !

21
21
22
20

15,811 ! 20,669
15,695 I 21,044
15,447 i 20.461
15,974
21,646

Digitized for FRASER


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

314
374
438
514

,501
,501
,501
! ,540

1957 Mar. 14..


June 6. .
Oct. 11..
Dec. 31 . .

32,629
30,993
31,594
33,975

27,929
26,322
26,261
29,371

5,027
5,033
5,152
5,781

320
724
910
762

19,924
17,836
17,468
19,959

2,659
2,729
2,732
2,869

430
326
683
2

569
556
738
731

820
882
849
735

2,880
2,907
3,063
3,136

828
829
875
888

1
1
1
1

,540
,540
,633
,696

488
514
536
534

23
23
19
17

16,763
15,450
14,892
15,849

21,050
20,120
19,954
21 , 348

1958 Mar. 4..


June 23 . .
Sept. 24..
Dec 31

33,582
36,664
32,782
36 398

28,269
31,469
27,608
31 679

5,726
6,119
5,703
6 525

816
2,974
869
1 005

18,608
18,898
17,553
20,704

3,120
3,478
3,485
3,445

470
483
385

872
723
657
621

810
775
891
815

3,161
3,214
3,240
3,282

893
893
893
904

1
1
1
1

,698
,703
,703
,749

545
577
597
580

24
41
46
48

15,483
15,305
15,320
16 170

20,426
22,523
20, 100
21 834

1959 Mar. 12..


June 10..
Oct. 6. .
Dec. 31..

34,553
34,387
34,081
35,750

29,276
28,879
28,450
30,647

5,831
5,600
5,383
5,753

485
505
957
1,051

19,385
19,211
18,602
20,419

3,576
3,562
3,508
3,423

560
809
897
232

598
546
515
551

836
853
870
959

3,283
3,300
3,349
3,361

956
990
998
,998

,762
,764
,766
,766

527
520
561
574

38
26
23
23

16,210
16,010
15,081
15,494

20,728
20,466
20,111
21,150

1960 Mar. 15..


June 15..
Oct 3
Dec 31

34,524
36,102
37 306
39 767

28,757
29 , 719
30 648
33 761

4,942
5,201
5 757
6 505

731
1,165
1 972
1 244

19,704
19,898
19 226
21 833

3,380
3,455
3 693
4 179

691
980
749

692
747
968
1 071

1,000
1,227
1,448
1 381

3,385
3,430
3 493
3 554

1,052
1,052
1,051
1 063

,769
,789
,779
788

540
559
628
670

23
30
35
33

15,549
15,332
14 332
15 352

20,258
20,598
20 820
21 714

1961 Apr.
June
Sept
Dec

12..
30. .
27
30

37,092
38,741
39 540
43 538

30,051
32,225
31 890
36,818

4,016
4,378
4 078
5 487

300
1,424
1 522
1,305

19,860
19,832
19 317
23,129

5,876
6,591
6 973
6,897

842
121
1,106
283

1,140
1,068
1,162
1,237

1,463
1,693
1,712
1,517

3,597
3,634
3,670
3,683

1,083
1,083
1,109
1,099

,813
,813
,813
,903

659
693
696
636

41
45
53
45

16,606
16,119
16 198
17 089

19,613
20,575
20 528
22,208

1962 Mar. 26..


June 30
Sept 28
Dec 28

40,069
41 910
41 263
46 135

32,611
35 039
34,257
37 885

4,238
4 727
4 571
4 990

1,422
1 971
1 592
1 461

19,344
20 296
19 , 790
22 231

7,607
8 045
8,303
9 203

829
381
567
1 728

1,182
1,050
1,012
1 152

1,740
1,679
1,588
1 472

3,707
3 761
3,839
3 898

1,114
1,114
1,131
1,137

,908
,908
,927
980

629
680
719
712

57
59
63
69

16,005
15 796
15 710
17 095

20,248
20 930
20,428
21 889

1963 Mar 18
June 29
Dec 20 .

44 295
44 981
46 434

36 245
37 454^
38 , 327

4 959
4 920
4 503

935
2 111
1,495

20 493
20 351
20,960

9 859
10 072
1 1 , 369

1 357
794
1,438

1 125
1,133
1,036

1 648
1,669
1,649

3 920
3,931
3,984

1,159
1,143
1,148

2 001
1,980
2,035

685
734
728

75
73
73

16 103
15 669
16,763

20 502
2l'075
21,324

1964 June 30..


Dec. 31..

49,716
53,867

41 , 545
45,191

5,028
5,524

2,183
1,561

21 , 224
23,896

13,110
14,210

924
1,224

1,122
1,073

1,722
1,909

4,402
4,471

1,263
1,260

168
164

2,087
2,085

722
792

164
170

16,389
17,729

21,854
22,804

1965 June 30. .


Dec. 31..

57,150
59,517

47,322
49,270

5,643
5,746

2,647
1,355

22,380
24,265

16,651
17,904

1,423
1,987

1,138
1,104

2,173
2,041

5,094
5,114

1,441
1,439

670
671

2,029
2,093

760
721

195
191

16,430
18,190

22,527
23,119

1966 June 30..


Dec. 31..

62,408
64,424

51,799
51,837

6,476
6,837

2,344
1,099

24,020
26,535

18,960
17,366

1,293
1,874

1,189
1,259

2,949
4,156-

5,179
5,298

1,440
1,447

663
674

2,095
2,143

793
849

188
185

16,556
18,013

23,014
23,545

1967June 30. .
Dec. 30..

65,668
74,609

52,665
60,407

7,000
7,979

1,106
1,154

25,656
31,282

18,902
19,992

1,841
1,880

1,458
1,436

4,101
5,172

5,603
5,715

1,476
1,487

826
842

2,190
2,271

904
915

208
199

17,459
20,004

22,985
26,136

1968 June 29 . .
Dec. 31..

75,544
81,364

59,329
63,900

8,547
9,586

913
961

31,125
33,351

18,745
20,003

2,283
2,733

1,408
1,452

6,502
7,141

6,022
6,136

1,495
1,499

988
764

2,297
2,592

1,039
1,089

204
193

18,223
20,808

24,779
28,330

1969 June 30..


Dec. 31..

89,283
87,753

62,534
62,381

11,638
10,617

1,036
738

34,453
36,126

15,407
14,899

3,671
4,405

1,830
2,008

14,965
12,658

6,283
6,301

1,644
1,645

533
576

2,855
3,006

1,095
928

155
147

15,504
21,316

25,153
29,737

1970 June 30..


Dec. 31..

85,666 '
89,384

60,615
67,186

11,469
13,464

1,276
1,110

32,590
32,235

15,280
20,377

4,057
4,500

2,370
2,318

12,250
8,894

6,374
6,486

1,645
1,687

565
558

2,856
2,610

1,167
1,528

141
103

17,479
19,770

27,045
29,351

1
1

For notes see end of Table 2.5 E.

Digitized for FRASER


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

2.2 RESERVE CITY MEMBER BANKS NEW YORK CITY Continued


C. LOANS
[In millions of dollars]

!
i For purchasing
i
or carrying
securities

To farmers
Call date

1939

Mar
June
Oct.
Dec

Total
loans

Commercial

Guaranteed
by
CCC

29
30
2
30

3,086
2,988
3,116
3,296

194O Mar. 26
June 29
Dec. 31

3 211
3,014
3,384

1,905
2,125

1941 Apr.
June
Sept.
Dec.

3,502
3,778
3,939
4,072

2,503

2,807

4 173
4,066
4,116

2,84J
2,546

4
30
24
31

1942=- Apr 4
June 30
Dec 31

1943 June 30
Oct 18
Dec 31

4,009
5 373
4,428

1944Apr. 13
June 30
Dec 30

1,577
1,602
1,888

6
6

23
22

4,594
5,479
5,760

2,430
2,610

1945 Mar. 20
June 30
Dec 31

5,054
7,069
7,334

2,380
3,044

1946 June 29
Sept 30
Dec 31

6,506
6 258
6,368

4,078

1947June 30
Oct 6
Dec 31

6,548
6,881
7,179

1948 Apr 12
June 30
Dec. 31

7 169
7,550
8,048

5,275
5,642

1949_Apr
June
Nov
Dec

11
30
1
31

7,546
7,689
7 505
7,550

4,?i6

1950 Apr
June
Oct
Dec.

24
30
4
30

7 616
7 723
8,821
9,729

4 656
5,672
6,328 .....

'

"

Instalment
Repair
and
modernization

Total

Singlepayment

Other

On
residential
property

Other

57
61

67
68

427
440

59

73

425

65
63

71
66

426
443

129

65

64

503

123

62

60

522

66
65

54
52

303

To
others

Banks

668
555

209
215

77
41

124
130

188

44

133

320
465

188
190

32
25

137
130

422

186

33

412

169

32

430
787

167
193

23
21

121
111

Other

Total

On
farm
land

Retail
auto

Other
retail

Other

46

37

213

475
127

Reserve
for

bad
debts

955

240

23

113

62

51

264

27

27

207

116

1,054

323

42

107

62

45

252

21

22

207

110

64
30

1,657
1,742

751
859

46
41

93
86

52
46

41
40

232
253

3
1

17
22

22
23

190
208

205
138

53

2,528
2,453

1,539
1,172

42
26

76
80

38
37

38
43

270
287

1
1

20
25

24
30

225
232

181
272

1,852

798

40

83

39

44

378

48

292

186

1,096

389

56

99

52

47

455

38

20

67

324

194

1,196

286

79

104

57

47

500

15

52

26

79

327 j

212

545

267

93

111

68

43

564

21

75

41

83

345

238

"3

963
1,102

250
225

138
104

224

106
160

55
64

616
643

30
38

89
109

53
61

85
88

359
347

234
202

1,701

248 i

85

209

157

52

650

44

105

75

95

330

183

98

...
2

'.'.'.'.'. i .!'

3,169

Real estate

To
brokers
and
dealers

2,515

4,171 '

5,361

4,792

5
5

2,274

Digitized for FRASER


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

1
1 Other
I
1

Other loans to individuals

To financial
institutions

::::::

.. .
1

.. .
....

35

87
96

1,410

219

81

256

205 j|

51

689

49

129

90

97

325

228

123

1,497
1,105
1,421

242
276
285

86
269
69

339
414
442

29 1
368
395

48
46
47 i

756
862
930

62
84
86

141
177
202

166
110
118

109
117
120

344
374
404

270
347
391

123
124
137

008
234
527
146

6 840
6 845
7443
7 852

943
1,287
874
1,219

279
273
254
262

278
111
252
124

461
502
534
514

1952 Mar 31
June 30
Sept. 5
Dec 31

10 940
11 268
10,944
12 376

7 914
7 659
7,661
8 680

954
1,619
1,087
1 531

243
234
273
286

181
121
258
107

1953

270
237
211
320

1951 Apr
June
Oct
Dec

10
10
10
11

9
30
10
31

Apr
June
Sept
Dec

20
30
30
31

12
It
12
12

169
883
It4
289

8 581
8 345
8 475
8 218

1954 Apr
June
Oct
Dec

15
30
7
31

11
11
11
12

924
619
633
039

7 860
7447
7 304
7 231

1955

Apr
June
Oct
Dec

11
30
5
31

12
13
13
14

819
016
882
640

7 433
7 928
8 683
9 126

1956=-Apr
June
Sept
Dec

10
30
26
31

14
15
15
15

945
373
804
987

9 592
10 191
10,765
It 266

1957

Mar
June
Oct
Dec

14
6
11
31

16
- 15
16
16

213
895
067
102

11 465
1 1 '344
11 717
11 651

1958

Mar 4
June 23
Sept 24
Dec.. 31

16 208
16 764
15 464
- 16,165

11 252
10,978
10 648
10,928

Mar
June
Oct.
Dec

15 825
-. 16,514
17,502
18 121

10618
9,523
10,105
10,549

18
18
17
18

073
350
760
465

10,583
10 499
10 367
10,876

1961 Apr. 12
June 30
Sept 27
Dec. 30

17
18
18
.... 19

678
054
183
535

10,707
10 578
10,528
11,278

1962 Mar. 26
June 30
Sept. 28
Dec. 28

19 795
19 224
.... 20 060
21 954

1 1 ,064
10 980
11 520
11,943

1963 M ar ig
June 29
Dec. 20

21 501
2t 446
23,577

I t 839
tt 630
12,332

1964 June 30
Dec. 31

25 490
... 27 301

12,647
14,189

1965 June 30
Dec. 31

30 975
33 125

16,082
18,075

1966 June 30
Dec 31

... 35 796
35 941

1959

1960

12
10
6
31

Mar 15
June 15
Oct 3
Dec. 31

. --

Digitized for FRASER


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

19,8(5 j
21 214

1
1

409
443
458
429

52
59
77
85

942
954
899
920

472
426
409
386

396
366
356
331

76
60
53
54

139
98
203
117

392
406
395
383

338
341
321
310

89
87
86
82

205
188
149
150

115
119
124
129

126
131
135
144

408
429
405
413

408
404
416
426

141
142
145
172

930
981
1,022
1,136

83 1
102
107
117

146
138
147
225

122
136
147
165

154
166
174
186

426
439
447
444

419
403
414
432

174
176
181
183

54
65
74
73

1,240
1,285
1,275
1 294

134
152
153
150

266
275
273
284

170
182
187
193

198
208
215
218

471
468
447
449

453
419
355
359

183
183
185
193

125

1 276
1,274
1,383
1 667

162
142
203

1
2
2
I

1 433
1,778
1 792
2041

320
364
364
432

376
138
362
185

394
390
418
467

321
317
338
367

73
72
80
100

1 219
1,220
1 216
1,232

109
111
105
103

220
210
172
168

184
180
180
183

259
264
265
268

447
456
493
510

346
329
368
459

188
190
192
211

126
15

1
1

10

2 145
2,034
1 773
2 144

438
466
449
511

604
231
559
383

581
656
645
577

488
554
530
462

93
102
116
115

1 ,284
1,379
1 404
1,506

117
141
152
180

156
156
161
185

169
170
171
173

279
294
304
278

563
618
616
689

421
523
582
624

213
217
215
248

1
1
1

I 662
I 691
1,336
1 409

513
494
433
402

613
411
731
437

608
609
633
617

457
446
455
472

151
163
176
145

1,519
1,590
1,538
1,558

183
189
180
165

189
210
196
199

160
161
159
161

280
293
295
298

706
736
707
735

688
633
615
611

252
246
249
313

1 292
1,152
1 115
1 280

373
389
361
387

668
652
472
462

599
567
591
565

439
407
392
372

158
159
199
193

1,509
1,516
1 513
1,513

164
175
177
173

199
194
185
193

157
158
160
161

297
308
324
320

692
681
669
666

624
593
613
591

317
319
316
348

1
1

1,433
2,164
1 085
1,652

396
420
361
382

723
829
856
503

363
367
405
461

196
184
168
174

1,459
1,437
1,450
1,502

168
170
156
149

198
171
165
169

161
153
153
153

315
319
328
328 i

617
624
648
702

736
737
844
921

351
358
361
365

1
1
1
9

1,319
1,556
1,442
1,740

387
409
416
403

829
966
912
531

,344
,639
,788

661
746
853
936

467
536
645
688

195
211
208
249

1,539
1,625
1,705
1,739

149
162
177
170

183
173
173
184

151
154
168
167

331
349
371
374

725
787
816
844

840
717
821
833

367
374
391
406

10
7
7
9

1,090
1 463
1,353
1,574

357
366
367
399

1,100
1 050
849
500

,842
886
1,744
,799

902
870
815
868

649
619
559
582

253
250
252
282

1,774
1,821
1,827
1,930

174
195
180
198

219
207
215
228

170
178
186
210

380
397
412
430

831
844
834
863

825
795
830
940

411
406
400
432

1,179
1 629
1,617
1,956

372
429
451
467

508
476
533
376

,348
,448
,563
,711

856
841
868
934

13

6
3
7
11

557
566
550
581

295
275
318
352

1,950
2,074
2,009
2,072

193
199
185
186

247
283
193
182

208
209
209
210

430
449
459
466

872
935
962
1,027

1,190
1,025
,063
,220

439
449
453
504

I
7

12
9
7
11

2,031
1 512
1,686
2,766

456
409
397
425

798
568
572
572

,463
,774
1,771
2,087

992
,084
,202
,329

1
1
2
2

569
601
652
763

422
481
548
564

2,035
2,075
2,079
2,143

182
209
206
220

172
167
154
160

204
202
202
201

472
493
518
520

1,005
1,004
998
1,041

,452
,321
,348
,196

508
508
522
526

13
13
20

2 138
2,308
2,677

409
448
569

1,020
546
1,007

2,040
2,044
2,247

,425
,845
,968

2
4
3

800
1,117
1,256

623
724
709

2,119
2,161
2,257

216
25 (
238

192
174
204

(98
200
204

518
543
567

996
993
1,044

,082
,034
,068

585
583
573

10

21
20

3,045
2,742

625
623

1,014
1,179

2,762
2,615

2,296
2,546

10
14

1,461
1,558

825
974

2,548
2,654

309
292

197
201

212
215

625
651

1,205
1,294

,128
,371

595
649

16
20

3,657
2,866

56t
665

1,212
1 ,423

2,977
3,471

2,866
3,139

10
14

1,833
2,031

1,023
1,094

2,832
2,928

346
345

159
117

201
204

696
710

t,430
1,552

,419
,340

647
802

16
17

3,305
3 109

647
598

'1,125

3,898
3,265

3,4(1
3,465

10
9

2,195
2,185

1,206 ,
1,271

2,965
2,799

364
330

95
93

204
207

746
762

1,555
1,406

,413
,209

799
868

<22>
()

559
557
579
641

3
2

6
6
6

4
4

2.2 RESERVE CITY MEMBER BANKSNEW YORK CITYContinued

C. LOANSContinued
[In millions of dollars]

w
&
W

1967 June 30.. 36,441


Dec. 30. . 39,060

22,352
23,183

(22)
()

14
13

2,579
3,874

644
831

7 91
9 14

3,084
2,990

3,364
3,431

9
14

2,004
2,044

1,352
1,372

2,889
3,099

325
297 !

125
142

195
197

786
815

1,457
1,648

i 1,592
i 1 ,700

867
975

1968 June 29.. 39.544


Dec. 31 . . 42] 968

24,042
25,258

(2)
P)

19
17

2,976
3,803

790
903

1,C 15
1,C>99

3,118
3,426

3,495
3,619

27
30

2,033
2,056

1,435
1,533

3,197
3,485

317
335

155
202

189
186

827
840

1,708
1,922

i 1,865
12,441

979
1,082

1969 June 30.. 46,232


Dec. 31.. 48,305

26,469
28,189

(22 )
()

13
12

3,410
3,695

887
776

1 , 2 18 1
1,C 47

3,819
4,547

4,041
3,835

94
89

2,140
1,885

1,807
1,861

3,707
3,595

373
292

286
399

185
174

926
917

1,937
1,813

i2,668
'2,609

1,090
1,248

1970 June 30.. 44,881


Dec. 31 . . 47,161

26,692
27,189

(22)
()

16
15

2,444
4,174

741
687

1 , 2 28
1,169

4,178
3,741

3,728
3,883

32

2,011
2,032

1,684
1,851

3,773
3,907

288
354

461
590

166
185

973
1,010

1,885
1,768

12,081
12,397

1,248
1,257

For notes see end of Table 2.5 E.

2.2 RESERVE CITY MEMBER BANKSNEW YORK CITY Continued


00

D. INVESTMENTS
[In millions of dollars]
U.S. Govt. securities l
1

Direct

Call date

Total
investments
Total

Bills

;
1939 Mar.
June
Oct.
Dec.

29..
30. .
2..
30. .

5,322
5,700
5,928
6,043

2,939
3,360
3,401
3,497

1940 -Mar. 26..


June 29..
Dec. 31..

6,383
6,815
7,527

3,686
4,162
4,429

421
207

1941 Apr.
June
Sept.
Dec.

4. .
30. .
24. .
31..

8,194
8,715
8,991
8,823

5,005
5,517
5,411
5,585

577

1942 Apr. 4. .
30. .
Digitized for FRASER June
Dec. 31..

8,950
9,953
13,841

5,866
7,383
11,476

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

Notes, maturing i
r'~~ '

1I

68
1 68
. ,

Certificates

..
;

Bonds

Marketable, maturing
Within

!
f

315

After
1 year

$31
JOS

Total

!!

Within
1 year

1-5

5-10

. .[ Non- ;
i marketi Over 20 f)! able ,
10-20 ! years

2,040
2,284

318
328

725
827

650
756

2,385

318

!;

921 ;

917

229
!

,.
..
E

i!

311

1 {J92
1 ' :245

2,650
2,977

281
596

1 526

3,415

1 523

663
2,144

1,746
2,056

'

726
634
695

527
540
642

159
155
146

771
651
819
729

652
651
698
688

146
145
143
142

773
623
593 ,;

658
639
556

138
142
145

1,422

1,110

87

3,652

776

1,285

1,436

155

,620
751
,920
679

4,572
5,420

897
1,230

1,722
2,636

1,822 i
1,455

131 i
100

,515
166
,071 !

!33
90 .

170
167
166
160

2X6
324
,615

795

544
569
542
533

,275

1,036 '
1,058 ;

Other

i'
402
1,855

Corporate
stock
(including
i F. R.
Bank
1
stock)

,086
123

1.200
1,233 j;

;
;

Federal '
;;. agency

. 1 57

...

797

Securities
!
of
GuurStates, ;
arueed
etc.
i
(

Other bonds,
notes, and
debentures

-582
480 i
662
579

347
373

:<

1943 June 30
Oct. 18
Dec 31

14 974 \ 12,913
15,734
16 764
13 579
15 566

1,985

2,818

1,656

6,454 1

1 , 861

2,599

1,914

80

974

1 328

3 409

1,829

7,014

1,602

3,889

1,437

85

984

484
486
444

473
439
454

129
105
104

1944 Apr 1 3
June 30. .
Dec. 30..

16 211
17] 190
18,243

15 175
15,956
16,990

1,258
913

4,242
3,740

2,805
3,745

7,650
8,592

1,650
1,458

4,827
6,192

1,099
887

74
55

1
1

201
189

487
456
468

447
477
483

102
100
113

1945 jtf an 20
June 30. .
Dec. 31..

17 681
18,687
18,809

16 568
17,490
17,573

424
477

3,538
3,433

3,607
3,325

9,920
10,337

1,729
1,973

7,137
7,421

852
842

201
99

1
1

2
1

515
567
606

501
535
533

97
94
96

1946June 29..
Sept. 30
Dec. 31 . .

16,798
15 714
14,465

15,645
14 410
13,307

201

2,980

2,229

10,234

1,857

7,164

1,079

133

387

1,725

992

10,202

2,069

6,683

1,304

142

535
693
557

523
518
506

94
94
95

1947June 30..
Oct 6
Dec. 31..

13,784
13 588
13 214

12,570
12 305
11 971

137

1,103

775

10,555

2,574

6,296

1 , 525

157

1,002

640

558

9,771

3,398

4,760

1,475

118

21

631
694
638

486
492
510

96
96
95

1948 Apr. 12
June 30 ,
Dec 31

12 378
1 1 , 469
10 712

U 129
10,358
9 649

693
589

983
1,183

520
365

8,162
7,512

1,901
3 063

4,904
3,255

1,206
1,082

129
89

22
23

721
583
563

433
434
407

95
94
94

1949 Apr
June
Nov
Dec.

11
30
1
31 . .

10 519
11 413
11 946
12,033

9 383
10 278
10 751
10,746

111

1,472

132

7 , 897

4,542

1,881

1,350

95

29

720

1,785

835

7,405

5,081

1,436

754

81

55

658
611
668
752

385
431
434
442

93
93
92
93

1950 Apr
June
Oct.
Dec.

24
30..
4. .
30..

11 599
11^825
11,001
10,883

9 987
10,280
9,132
8,991

900
781
824

458
159
250

,594
,643
,711

7,328
6,549
6,206

4,939
4,250
3,976

1,827
1,722
1,646

402
399
417

96
113
104

489
492
632
673

93
93
93
94

1951 Apr.
June
Oct.
Dec.

9
30..
10.
31.

10,363
10,370
9,753
10,233

8 412
8,459
7,716
8,127

612
1,034
598
1,122

354
450
616

,736
,565
,470
,428

6,064
5,506
5,197
4,960

3,810
3,170
2,914
2,677

,668
,736
,693
,697

428
448
446
446

9,953
10 442
9,957
9 754

7,741
8 212
7,663
7 677

927
1 062
569
1 079

671
692
467
233

,411
,400
,408
,170

4,733
5,058
5,219
5,195

2,450
2,544
2,255
2,077

,697
,839
2,268
2,427

1952 Mar. 31 .
June 30
Sept. 5 .
Dec 31

64
64
63 "

1 030
959
1,144
1,123

93
94
85
88

65
59
60
53

2
2
2
2

1,230
1,176
1,325
1 , 385

626
638
615
622

94
95
95
97

445
531
550
628

85
85
86

56
58
60
62

1 , 517
1,436
1,579
1,453

597
696
618
522

98
98
98
101

1953 Apr.
June
Sept.
Dec.

20.
30.
30.
31.

8,409
8,569
9,454
9,769

6,264
6,637
7,434
7,763

204
789
828
924

201
203
1,132
1,104

,082
,035
1,143
1,130

4,777
4,611
4,331
4,605

2,024
2,308
2,024
2,106

2,076
1,897
1,822
1,995

621
346
401
420

4'
27
27

56
56
58
57

2
2
1

1,506
1,318
1,422
1,365

537
511
495
539

101
101
101
100

1954 Apr.
June
Oct.
Dec.

15.
30.
7.
31.

9,831
11,062
12,161
11,841

7,454
8,690
9,639
9,332

782
1,014
844
785

516
711
552
597

710
1,454
2,179
1,924

5,447
5,510
6,064
6,026

1,756
1,723
2,657
2,233

3,154
3,248
2,768
3,183

449
456
555
551

30
26
26
2

58
58
58
58

3
6
5
10

1,789
1,851
2,016
1,977

485
416
401
416

101
101
101
106

1955 Apr.
June
Oct.
Dec.

11.
30.
5.
31.

10,758
10,083
9,125
8,943

8,206
7,775
6,772
6,794

481
537
330
552

496
146
37
100

1,843
1,830
1,555
1,141

5,386
5,262
4,850
5,002

,614
,578
,221
,572

3,137
3,088
3,049
2,935

569
530
514
433

U
10
10
6

56
56
56
57

6
7
2
2'

1,990
1,754
1,816
1,609

448
433
421
424

108
114
114
114

1956 Apr.
June
Sept.
Dec.

10.
30. .
26..
31 . .

8,214
7,896
7,618
7,822

5,996
6,007
5,646
6,054

246
325
117
724

82
70
301
194

1,024
1,082
943
976

4,644
4,529
4,285
4,160

,427
,313
,181
2,013

2,780
2,648
2,541
1,569

384
537
533
553

2
3
2
3

52
29
28
23

4
4
3
3

1,812
1,514
1,611
1,406

289
260
246
248

112
111
111
111

1957 Mar.
June
Oct.
Dec.

14..
6. .
11..
31 . .

7,580
7,398
7,210
7,726

5,657
5,738
5,420
5,880

444
685
321
648

176
219
163
214

895
781
1,046
1,093

4,142
4,052
3,889
3,924

1,814
1,793
1,900
2,364

1,738
1,672
1,427
976

565
563
537
567

3
2
2
3

23
23
23
14

1,578
1,311
1,447
1,435

230
238
232
298

111
111
110
113

1958Mar.
June
Sept.
Dec.

4..
23..
24. .
31 . .

8,457
10,385
9,766
9,802

6,295
8,035
7,350
7,486

733
1,023
431
643

168
286
1,149
1,106

1,037
1,729
1,570
1,602

4,357
4,996
4,200
4,135

2,447
2,745
2,628
2,546

1,239
1,603
971
1,035

585
535
497
448

72
97
90
91

14
15
15
15

1,645
1,748
1,965
1,869

403
489
337
326

113
113
113
120

Digitized for FRASER


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

2.2 RESERVE CITY MEMBER BANKSNEW YORK CITYContinued


D. INVESTMENTSContinued

[In millions of dollars]

tt

U.S. Govt. securities l

Direct

CaU date

Total
investments

Notes, maturing

Total

5
^

Bills

Certificates

Bonds
Marketable, maturing

Within
1 year

After
1 year

Total

Within
1'year

1-5

Nonmarketable

Over 20
years

10-20

540

1959 Mar.
June
Oct.
Dec.

12..
10. .
6. .
31 . .

10,154
9,134
7,813
7,170

7,672
6,743
5,415
4,999

1,261
1,165
580
639

917
350
133
227

1,'795

3,699
3,511
3,314
2,856

2,:S59

$88
277

2,1 71
1,5 76
1,')45

768
779
899
1,080

459
452
332
127

108
105
103

too

5
4
4
4

1960 Mar.
June
Oct.
Dec.

15..
15..
3..
31..

6,889
7,424
8,626
9,261

4,634
5,383
6,353
6,979

606
681
1,380
1,422

93
369
508
578

242
546
574
708

2,694
2,787
2,891
3,271

UJ27
| >22
C
uJ23
2,:579

711
706
862
629

52
54
96
151

100
101
105
106

4
4
4
6

1961Apr.
June
Sept.
Dec.

12. .
30 . .
27..
30..

9,224
10,167
11,270
10,762

6,411
7,635
8,394
7,853

804
1,512
2,596
2,117

515
887
505
442

320
643
682
666

,355
,239
,572
,831

3,416
3,354
3,040
2,797

514
826
689
429

1,970
1,694
1,651
1,662

718
649
551
523

2C>8
n8
H\2
n8

6
6
6
6

1962 Mar.
June
Sept.
Dec.

26. .
30. .
28..
28..

10,134
11,172
10,452
11,034

6,799
7,653
6,590
7,013

1,471
,989
,142
,998

603
492
497
508

968
1,299
732
574

,442
,632
,935
,913

2,315
2,241
2,285
2,019

449
161
549
140

997
982
488
509

687
913
,201
,343

r6
rf9
^U

6
6
6

1963 Mar. 18..


June 29 . .
Dec. 20. .

1 1 , 440
11,401
11,249

6,981
6,502
6,148

,799
,639
,711

247
240
147

443
342
424

2,197
2,167
1,917

2,296
2,115
1,949

17
44
46

462
441
735

,762
,597
,141

1964 June 30..


Dec. 31 . .

11,203
12,206

5,760
6,166

,333
,958

840
674

1,785
1,298

1,802
2,236

89
157

728
865

957
1,146

1965 June 30..


Dec. 31..

11,250
11,638

4,901
5,203

,036
,538

668
520

452
468

2,745
2,869

8
73

999
1,072

1,601
1,590

1966- June 30..


Dec. 31 . .

10,658
10,594

4,466
4,920

,229
,797

198
74

363
485

387
457

2,466
2,276

8
29

943
796

1,412
1,340

1967June 30..
Dec. 30..

11,260
13,082

5,048
6,027

,112
,897

104

568
844

1,185
1,118

2,239
2,236

19
160

932
1,106

1,149
836

1968 June 29
Dec. 31..

11,817
14,078

5,046
5,984

847

637

1,222

2,489

311

1,000

1,057

i >3
i;$6
i:S3
K)2
i 0
i J8
i.$3
i;IQ

1969 June 30..


Dec. 31 . .

11,653
12,028

4,445
5,048

629

197

1,350

2,154

272

1,810

31

40

1970 June 30. .


Dec. 31..

12,207
15,185

4,413
6,009

592

255

1,701

1,831

1,743

10

For notes see end of Table 2.5 E.

Digitized for FRASER


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

i,;m

; i I i

47 i
|j

i>0

>3

30

Federal
agency

'

Other

2(59
21J7
2:!9
2t)6

123
124
125
129

1,958
1,722
1,996
1,964

n^5
i <13
n12

I t51

133
134
133
135

8
7
8
9

2,497
2,196
2,576
2,635

53
89
57
43

119
101
97
81

136
138
138
141

6
6
4

3,045
3,158
3,486
3,585

70
145
149
188

68
58
66
86

146
151
155
159

4,082
4,451
4,653

141
203
177

57
68
84

176
173
181

5
5

19
12

4,952
5,579

211
204

75
56

186
(88

1
i

6
7

5,799
5,879

246
332

73
22

225

7
10

5,361
4,967

583
379

34
66

5,485
6,318

286
306

24 8
329
44 I
43 1

6,034
7,233

265
376

47 1
48 5

6,553
6,192

363
510

29 2
27 8

6,847
7,757

589 i
1,003

35 8
41 /

i
S

Corporate
stock
(including
F. R.
Banlc
stock)

2,090
1,978
2,031
1,833

2
3
3

5
5
5

>8
12

|i

Guaranteed

Securities
of
States,
etc.

Other bonds,
notes, and
debentures

1
1

t/3

2.2 RESERVE CITY MEMBER BANKS NEW YORK CITY Continued


E. DEPOSITS
[In millions of dollars]
Time

Demand
Interbank

IPC

Total
deposits

Call date

Total
IPC

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.

Certified
and
officers'
checks,
etc.

Domestic

Mutual
savings

Commercial

12,337
13,341
14,531
14,507

11,621
12,633
13,791
13,764

7,677
8,281
8.812
9,030

260
288
321
251

135
84
72
74

272
472
349
178

2,731
2,992
4,237
3,542

1940 Mar. 26.


June 29
Dec 31 .

15,278
16,007
17,744

14,495
15,242
16,920

9,652
10,283
11,357

219
258
370

68
67
48

260
147
471

4,296
3,840
4,032

1941 Apr 4.
June 30. ,
Sept 24
Dec 31..

17,705
17,929
17,816
17,932

16,856
17,118
16,971
17,119

11,629
11,895
11,595
11,282

302
319
300
319

29
32
135
866

302
306
342
450

4,594
3,948
4,598
3,595

?S 1942 Apr 4
June 30
Dec 31 .

17,386
18,122
22,078

16,605
17.384
21,340

11,235
12,014
12,501

296
271
263

967
863
4,186

154
273
448

1943 June 30.


Oct 18
Dec 31

21,937
24,843
23,256

21,156
24,040
22,406

14,001
13,149
14,373

249
215
252

2,820
6,566
3,395

1944__Apr 13
June 30.
Dec 30

23,635
25,679
26,773

22,753
24,782
25,760

14,482
13,740
14,448

201
213
199

1945

Mar 20
June 30
Dec 31

25,709
28,363
30,121

24,608
27,238
28,867

15,614
14,789
15,712

1946 June 29
Sept 30
Dec 31

27,484
25,403
24,723

26,060
23,952
23,253

24,142
23,787
25,216

1948 Apr. 12
June. 30.
Dec. 31

1949 Apr.
/June
Nov.
Dec.
1950Apr.
June
Oct.
Dec.

1939 Mar
June
Oct
Dec.

IPC

Total
Foreign

546
516

Savings

Other
time

Interbank
State
and
local
govt.

Foreign
govt.
and
other

U.S.
Govt.
and
postal
savings

Domestic
Cornmercial

Mutual
savings

Foreign

689

716
708
741
743

655
653
683
693

53
46
52
43

646
641

783
766
824

742
732
768

35
29
51

618

806
778
810
778

38
27
29
29

607

848
811
845
813

3,953
3,284
3,209

679
733

781
738
738

751
717
711

25
17
23

404
438
710

2,939
2,914
2,867

744
757
810

780
803
850

755
768
816

21
26
26

5
5

1
1
1

3
3
3

4,026
6,150
6,722

396
722
361

2,792
3,105
3,179

855
852
851

881
896
1,013

846
861
977

23
17
17

6
7
7

1
1
1

5
10
10

293
229
237

4,296
7,618
6,940

494
341
1,338

2,996
3,271
3,535

914
989
1,105

1,101
1,125
1,254

,065
,082
,206

18
19
20

8
8
10

1
I
1

10
15
16

16,836
16,657
17,216

293
247
218

3,495
2,112
651

1,132
768
942

3,127
2,954
3,031

,178
,213
,195

1,424
1,452
1,469

,372
,400
,395

17
17
39

9
7
15

1
1
1

26
26
19

22,683
22,308
23,760

17,202
16,463
17,646

260
225
290

179
564
267

915
783
1,105

2,898
2,975
3,236

,228
,298
,217

1,459
1,480
1,456

,407
,437
,418

17
17
14

14
12
12

23,211
23,362
24,024

21,674
21,671
22,313

16,345
16,306
16,695

232
272
241

375
333
445

725
748
750

2,776
2,830
2,904

,220
,183
,278

1,537
1,691
1,711

,460
,621
,646

54
41
20

14
14
14

11
30
1.
31 .

22,222
23,619
23,075
23,983

20,584
21,834
21,423
22,219

15,526
15,986
15,475
16,408

235
254
357
196

471
562
841
640

550
1,201
827
895

2,598
2,680
2,744
2,996

,204
,150
,178
1,084

1,638
1,785
1,652
1,764

,555
,637
,493
,590

28
33
28
24

18
25
27
38

24.
30
4.
30

22,393
23,213
23,172
25,646

20,704
21,411
21,370
23,657

15,559
15,896
15,975
17,490

270
279
273
258

518
684
515
451

625
809
575
1,087

2,621
2,692
2,900
3,207

1,112
1,051
1,132
1,162

1,689
1,801
1,802
1,990

,535
,594
,565
1,647

20
19
28
37

35
37
37
37

29.
30
2
30 ..

1947 June 30.


Oct. 6
Dec 31

Digitized for FRASER


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

....

7
S
6
4
4
S'
5
4
3

21
13
11
1
1

9
14
31
36
89
105
112

98
150
171
268

oo

2.2 RESERVE CITY MEMBER BANKSNEW YORK CITYContinued

w
s
w
w

E. DEPOSITSContinued
[In millions of dollars]
Demand

Time
Interbank

IPC

Total
deposits

Call date

State
and
local
govt.

Foreign
govt.
and
other

Total
IPC

U.S.
Govt.

Certified
and
officers'
checks,
etc.

Domestic
Mutual
savings

Commercial

Interbank

IPC

Foreign

Total
Savings

Other
time

U.S.
Govt.
and
postal
savings

State
and
local
govt.

Foreign
govt.
and
other

Domestic
Foreign

Tn^j1"
cjal-

Mutual
savings

1951 Apr.
June
Oct
Dec.

9
30
10
31

24,679
25,064
24,221
26,859

22,698
23,140
22,306
24,862

16, 071
16, 381
16, 243
17, 880

234
280
310
321

1,786
,808
,040
858

609
823
566
1,289

2,801
2,744
3,113
3,385

,197
,104
,033
,128

1,982
1,924
1,915
1,997

1 , 647
1,605
,533
,614

35
22
23
22

38
39
43
43

1952 Mar.
June
Sept.
Dec.

31
30. . . .
5
31

25,851
26,745
24,188
27,309

23,777
24,600
22,102
25,004

17, 033
17, 275
16, 365
17, 919

312
305
262
322

,583
,651
,071
,143

835
1,079
510
1,120

2,943
3,193
2,791
3,346

,072
,096
,103
,154

2,074
2,145
2,085
2,305

,666
,721
,624
,752

26
21
24
29

48
53
55
59

4
8
8

334
346
374
457

1953 Apr
June
Sept
Dec.

20
30 ...
30
31 ...

24,772
25,244
25,996
27,037

22,451
22,774
23,478
24,056

16, 716
16, 617
16, 381
17, 509

336
333
332
315

469
887
1,694
778

956
899
1,012
1,071

2,898
2,979
2,969
3,363

,077
,059
,089
,021

2,320
2,470
2,518
2,981

,752
,841
,844
,958

32
39
37
139

53
50
49
53

5
7
6
12

479
534
581
820

1954Apr.
June
Oct.
Dec.

15
30
7
31

25,775
27,225
27,461
28,252

22,572
23,763
23,825
24,663

16, 423
16, 601
16, 240
17, 823

385
404
333
368

632
1,378
1,994
736

1,074
1,109
1,098
1,223

3,039
3,237
3,076
3,336

,020
,033
,083
,177

3,204
3,462
3 t 636
3,588

1,899
2,014
2,090
2,146

119
151
216
192

54
51
54
54

22
20
19
18

1,109
1,226
1,257
1,178

26,984
27,791
26,437
29,378

23,520
24,373
23,045
25,990

16, 811
17, 300
16, 895
18, 919

239
374
306
302

1,552
1,131
675
756

887
1,252
1,087
1,498

2,870
3,129
2,910
3,364

,162
,187
,171
,151

3,464
3,418
3,393
3,388

2,150
2,114
2,142
2,171

167
110
72
72

55
57
58
59

11
10
10
7

1,081
1,128
1,111
1,078

1956 Apr. 10
June 30
Sept. 26
Dec. 31

26,709
27,775
26,703
29,149

23,389
24, 337
23,285
25,709

16, 955
17, 396
16, 713
18, 482

280
396
381
286

820
1,166
993
747

1,209
1,110
1,106
1,172

2,883
3,080
2,813
3,622

,242
,190
,279
,400

3,320
3,438
3,419
3,441

2,220
2,285
2,316
2,395

104
60
52
44

54
35
36
36

9
9
8
9

934
1,049
1,006
957

1957 Mar 14
June 6
Oct. 1 1
Dec. 31

27,929
26,322
26,261
29,371

24,258
22,548
22,567
25,565

18, 556
16, 660
16, 341
18 377

261
261
266
299

286
688
878
737

1,107
914
862
1,284

2,833
2,775
2,777
3,480

,216
,249
,444
,389

3,671
3,774
3,695
3,806

2,612
2,662
2,656
2,813

46
67
75
56

34
36
32
24

8
7
6
6

970
1,002
925
906

1958 Mar.
June
Sept,
Dec.

28,269
31,469
27,608
31,679

23,602
26,189
22,392
26,458

17
16
16
18

012
916
518
835

370
337
297
329

792
2,946
847
968

1,226
1,645
737
1,540

2,979
3,084
2,874
3,519

,224
,261
,118
,267

4,667
5,280
5,216
5,221

2,959
3,229
3,308
3,345

161
249
177
100

23
28
22
36

34
78
71
75

1,489
1,696
1,639
1,664

29,276
28,879
28,450
30,647

23,961
23,726
23,685
26,211

18 007
17 657
16, 898
18 573

288
295
305
310

458
479 i
931
1,027

1,090 [
1,259 ;
1,399
1,536

2,846
2,888
3,019
3,462

1,272
1,148
1,133
1,303

5,315
5,153
4,765
4,436

3,437
3,423
3,398
3,359

139
140
110
65

27

73
69
61
46

1 , 639
1,495
1,170
942

28,757
29,719
30,648
33,761

24,487
25,247
25,790
28,339

18
17
16
19

239
294
307
305 |

707
1,140
1,947
1,217 1

1,459
1,849 i
2,052 i
2,476

2,971
3.149
3,509
4,105

1,105
1,060
1,108
1,184

4,269
4,471
4,858
5,422

3,325
3,360
3,536
3,976

1955 Apr, 11
June 30
Oct. 5
Dec. 31

..

4
23 .
24
31

1959 Mar. 12
June 10
Oct. 6
Dec. 31
1960 Mar.
June
Oct.
Dec.

15.
15
3. ...
31

Digitized for FRASER


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

006
754
867
051

j
I
i

|
i

55
95
157
203

i
1

2
24
24 i
24
25

27

261
259
317
318

36
51
62
100

829
941
1,079
1,116

12
30
27
30

30,051
32,225
31 , 890
36,818

23,997
25,423
24,707
29,693

17,414
17,140
16,914
19,665

523
502
538
548

278
365
309
333

266
,380
,485
,267

1,644
1,825
1,556
2,583

337
292
279
342

2,855
3,170
2,919
3,988

678
749
707
967

6,054
6,801
7,182
7,125

2,707
2,831
2,929
3,092

1,575
2,093
2,191
2,017

1,367
1,422
1,608
1,626

226
245
245
162

33
44
37
38

10
8
7
1

70
91
102
112

65
68
64
77

1962Mar. 26
June 30
Sept. 28
Dec. 28

32,611
35,039
34,257
37 , 885

24,762
26,731
25,697
28,421

16,785
17,059
17,134
19,034

486
521
455
594

243
327
310
366

,379
,918
,544
,408

1,830
2,390
1,892
2,237

288
326
311
333

2,927
3,317
3,269
3,521

824
874
784
929

7,849
8,308
8,560
9,463

3,444
3,721
4,039
4,282

2,372
2,555
2,545
2,920

1,571
1,547
1,490
1,734

220
221
230
266

43
53
48
53

10
16
16
14

118
116
117
118

71
77
76
75

1963Mar, 18
June 29
Dec. 20

36,245
37 , 454
38,327

26,116
27,136
26,667

17,484
17,314
17,769

470
509
704

309
357
368

880
2,052
1,419

2,231
2,172
2,119

296
349
271

3,630
3,453
3,216

818
932
801

10,129
10,317
11,660

4,465
4,517
4,665

3,124
3,189
4,110

1,952
2,040
2,144

318
326
449

55
59
76

20
5
18

106
115
113

89
67
83

1964 June
Dec.
1965 june
Dec.

41 , 545
45,191

28,046
30,470

17,934
19,825

546
689

420
441

2,112
1,486

2,323
2,940

364
361

3,427
3,751

920
976

13,499
14,721

5,083
5,293

4,949
5,433

2,549
2,808

528
677

71
74

47
94

180
196

91
146

47,322
49 , 270

30,005
30,761

17,923
19,988

626
720

561
620

2,561
1,271

3,270
2,937

390
420

3,725
3,771

950
1,034

17,316
18,509

5,658
5,937

7,434
8,255

2,877
2,904

682
807

87
84

189
138

250
242

139
141

1966June 30 . .
Dec. 31

51 , 799
51 , 837

32,168
33,921

18,859
21 , 392

632
721

815
608

2,279
1,016

3,713
3,814

472
395

4,405
4,710

992
1,265

19,631
17,916

5,475
5,196

9,601
8,314

3,042
2,937

841
918

65
83

140
89

312
264

154
115

1967June 30
Dec. 30

52,665
60,407

32,860
39,604

20,154
24,940

620
704

796
890

1,021
1,084

4,086
4,748

403
409

4,668
5,491

1,111
1,337

19,804
20,803

5,371
5,485

8,987
10,041

3,415
3-314

1,129
1,152

85
70

265
115

451
436

100
190

1968June 29
Dec. 31

59,329
63,900

39,983
43,202

23,282
26,766

596
689

1,203
1,068

824
888

6,043
4,827

431
491

6,277
7,040

1,326
1,433

19,346
20,698

5,440
5,455

9,164
10,032

2,892
2,893

1,250
1,623

89
73

63
58

329
372

120
193

1969 June 30
Dec. 31

62,534
62,381

46,669
47,169

24,711
27,591

627
762

1,314
1,168

983
694

7,801
6,605

637
532

9,087
8,177

1,509
1,641

15,865
15,211

5,354
5,219

6,557
5,119

2,823
4,354

672
207

53
45

12
5

253
176

140
86

1970June 30
Dec. 31

60,615
67,186

44,973
45,782

25,032
27,033

793
746

1,136
1,171

1,236
1,039

5,628
3,286

544
509

8,931
9,774

1,673
2,225

15,642
21,404

5,195
5,415

5,400
10,903

4,H3
2,595

572
1,464

40
71

22
156

228
687

71
113

1961Apr.
June
Sept.
Dec.

30
31
30
31

For notes see end of Table 2.5 E.


00

Digitized for FRASER


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

2.3 RESERVE CITY MEMBER BANKS CITY OF CHICAGO


A. TOTAL ASSETS AND NUMBER OF BANKS
[Assets in millions of dollars]
Balances with

Loans and investments

Call date

00

Total
assets

Investments
Total

Loans

Total

U.S.
Other
Govt.
securities securities

Reserve
with
F. R.
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Cash
items

Bank
premises,
etc.

Customers'
liability
on
acceptances

Other
real
estate

Other
assets

Number
of
banks

1939 Mar 29
June 30
Oct. 2
Dec. 30

3,018
3,374
3,558
3,595

1,965
2,052
2,050
2,105

545
544
563
569

1,420
1,507
1,487
1,536

1,100
1,175
1,172
1,203

319
332
315
333

705
897
1,080
993

22
26
37
42

178
235
237
283

2
2
2
1

100
118
107
128

21
21
21
20

6 *
6
6
5

2
2
2
3

17
15
17
15

13
13
13
14

1940 Mar. 26
June 29
Dec. 31

3,507
3,815
3,995

2,222
2,205
2,377

564
603
696

1,658
1,602
1,681

1,319
1,258
1,307

339
344
375

909
1,187
1,051

25
39
42

195
242
319

109
100
165

20
20
20

5
5
4

4
3
3

16
15
13

13
13
13

1941

Apr 4
June 30. . .
Sept 24
Dec. 31

3,945
4,264
4,341
4,363

2,649
2,707
2,573
2,760

780
846
918
954

1,869
1,861
1,655
1,806

1,466
1,483
1,304
1,430

403
377
351
376

815
1,062
1,278
1,021

20
41
39
43

283
262
271
298

137
150
142
204

20
19
19
19

4 ;

3
3 \

3
2

2 ;

17
16
14
14

13
14
13
13

1942 Apr. 4. .
June 30
Dec. 31...

4,446
4,553
5,364

2,806
3,116
3,973

923
906
832

1,883
2,210
3,141

1,490
1,858
2,789

393
352
352

1,088
973
902

27
43
39

286
220
164

201
163
247

19
19
18

2
2
2

2
1
1

16
15
17

13
13
13

1943=-June 30
Oct. 18
Dec 31

5,588
6,315
5,876

4,332
5,045
4,554

784
1,023
1,004

3,548
4,022
3,550

3,167
3,693
3,238

381
330
312

785
785
821

39
39
38

173
170
158

1
2
2

218
232
265

18
18
18

2i

!l

18
22
20

15
15
13

1944 Apr 13
June 30
Dec 30

6,044
6,428
6,860

4,727
5,124
5,443

962
1,064
1,184

3,765
4,060
4,258

3,417
3,688
3,913

348
372
345

796
811
899

40
41
43

183
179
177

2
1
1

254 1
230
259

17
17
17

22
22
20

13
13
13

1945 Mar 20
June 30. .
Dec 31

6,558
7,104
7,459

5,212
5,730
5,931

,012
,250
,333

4,199
4,480
4,598

3,840
4,130
4,213

360
350
385

892
929
942

45
33
36

144
180
200

231
194
310

17
16
16

15
19
20

12
12
12

1946June 29
Sept. 30
Dec 31

6,525
6,419
6,349

5,167
4,972
4,765

,329
,370
,499

3,837
3,602
3,266

3,485
3,260
2,912

353
342
355

870
900
928

25
24
29

162
156
172

3
2

263
325
414

16
16
16

18
20
17

13
13
14

1947June 30
Oct
6
Dec 31

6,359
6,556
6,866

4,802
5,040
5,088

,565
,724
,801

3,237
3,316
3,287

2,890
2,935
2,890

347
381
397

973
993
1,070

36
30
30

162
144
175

1
1
1

349
309 1
464 j

15
15
15

18
20
19

14
14
14

1948 Apr 12
June 30
Dec 31

6,291
6,509
6,774

4,681
4,742
4,799

,663
,714
,783

3,018
3,028
3,016

2,620
2,667
2,633

398
361
383

1,051
1,144
1,325

26
28
28

146
152
143

1
1

346
401
435

16
16
17

1949 -Apr 11
June 30
Nov 1
Dec. 31..

6,341
6,586
6,949
7,320

4,595
4,841
5,275
5,424

,617
,537
,564
,618

2,978
3,303
3,711
3,806

2,567
2,888
3,256
3,324

412
415
455
482

1,255
1,174
1,126
1,183

27
25
27
27

129
149
104
159

j
2

294
353
364
481

17
16
16
16

1950 Apr. 24...


June 30
Oct. 4 . . .
Dec. 30

6,692
6,938
7,119
7,649

5,091
5,256
5,305
5,569

,527
,557
,776
2,083

3,565
3,699
3,529
3,487

3,012
3,138
2,969
2,911

553
562
560
576

19092
1,080
1,159
1,216

29
26
29
30

121
114
136
133

1
1
11
5

314
418
430
651

16
16
16
16

Digitized for FRASER


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

i
t

3
2
3
1
3

....;.:..!

63

::::::::/i

23

::::::::: '

15

21
20
20

14
14
13

'

5
6
7
7

20
21
27
23

13
13
13
13

5
3
7
6

22
23
27
23

13
13
13
13

'
i
.

..

7201
7,477
7,513
7 972

5 320
5 520
5,487
5 731

2 142
2,215
2,358
2468

3,178
3,305
3,129
3,264

2 621
2742
2,599
2 711

557
564
530
552

,310
,282
,377
,407

28
27
30
32

139
130
129
165

4
4
3
2

356
454
445
589

16
16
16
16

5
5
5
6

23
38
21
23

13
13
13
13

1952 Mar 31
June 30 . .
Sept 5
Dec 31

6 839
7 610
7 714
8 297

5 224
5 664
5 738
6 240

2 403
2,380
2 419
2 748

2,821
3,284
3 319
3 493

2 276
2 721
2 749
2 912

545
563
570
581

153
,259
332
'l44

27
30
26
32

22
135

169

2
2
2
2

364
472
448
663

16
15
15
16

6
5
4
4

24
27
31
26

13
13
13
13

1953 Apr
June
Sept
Dec

7 627
7 729
8 102
8 366

5 635
5 627
5 973
6 204

2 591
2 552
2 609
2 776

3 044
3,075
3,364
3 428

2 461
2 529
2 804
2 856

583
546
560
572

323
,318
,367
287

32
31
28
34

128
123
113
166

2
3
3
3

459
582
573
625

16
16
15
15

3
3
4
5

29
26
26
27

13
13
13
13

1954 Apr 15
June 30
Oct 7
Dec 31

7 804
8 064
8 143
8 520

5 792
5 975
6 343
6 518

2 621
2 589
2 473
2 784

3 171
3 386
3,870
3 734

2 575
2 825
3 302
3 120

595
561
568
614

217
290
J36
177

27
30
26
29

131
154
119
162

3
3
7
8

579
559
465
577

15
15
15
15

5
5
3
5

36
33
30
29

13
13
13
13

1955 Apr 11
June 30
Oct 5
Dec 31

8 086
8*102
7 967
8 720

6 254
6 288
6 210
6 542

2 650
2 846
2968
3 342

3 605
3 441
3,242
3 200

2 918
2 742
2 537
2 506

687
699
705
695

093
021
987
135

32
28
28
32

107
127
94
141

5
5
7
7

542
581
59?
816

15
15
15
15

3
4
4
4

34
32
30
28

13
13
13
13

1956 Apr
June
Sept.
Dec

10
30
26
31

8 193
8,349
8 233
8 695

6 324
6,336
6 251
6 473

3 315
3,572
3,571
3 772

3 009
2,764
2,679
2701

2 309
2,088
2 061
2 113

700
676
618
588

107
,115
,125
158

31
27
29
37

98
124
103
174

6
4
4
5

577
690
667
797

15
15
15
15

2
2
2

4
5
6
6

30
31
31
28

13
13
14
14

1957 Mar.
June
Oct.
Dec

14
6
11
31

8 327
8 147
8 310
8 595

6,434
6 266
6298
6 446

3,621
3 789
3,897
3 852

2,813
2,477
2,402
2 594

2,209
1 884
1,869
2 032

604
593
532
562

,004
,089
,141
,071

29
28
29
39

103
95
96
148

3
5
3
6

697
604
677
820

15
15
15
15

2
2
2
3

5
5
7
7

34
37
42
41

14
14
14
14

1958 Mar.
June
Sept.
Dec

4
23
24
31

8,356
8,929
8 522
9 071

6,359
6,942
6,577
6 830

3,492
3,594
3,405
3 637

2,867
3,348
3,173
3,193

2,266
2,694
2,537
2 562

601
654
636
631

,144
,183
,060
,058

32
31
29
36

99
128
99
185

3
35
23
15

646
537
657
865

15
15
14
14

3
4
5
7

8
9
11
12

48
46
45
50

14
14
14
14

J959 Mar
June
Oct
Dec.

12
10
6
31

8 657
8 520
8 645
8 967

6 712
6,581
6 689
6 885

3 481
3,643
3 978
4 206

3,231
2,938
2,712
2,679

2,602
2,235
2 037
1,985

629
703
675
694

995
998
1,041
920

30
29
33
33

100
105
103
142

6
7
9
10

735
710
688
898

14
14
14
17

7
7
7
7

14
16
13
10

43
52
48
45

14
14
14
14

I960 Mar 15
June 15
Oct 3
Dec. 31

8 817
8 928
8 815
9 219

6 746
6,707
6 802
7 050

4 173
4,386
4 422
4,485

2,573
2,320
2,379
2,565

1,927
1,664
1 778
1,882

647
656
601
683

999
995
1,074
899

30
28
30
33

99
109
117
171

8
9
12
12

844
992
661
931

17
18
22
23

7
7
9
9

19
20
30
43

47
44
58
48

11
11
11
10

31
28
32
37

88
111
74
158

14
12
13
13

845
755
819
1 ,506

23
23
24
25

9
10
11
11

58
66
69
86

52
50
50
51

10
10
9
9

1951 Apr
June
Oct.
Dec

9
30
10
31

.. .

20
30
30 ...
31

118

1961 Apr.
June
Sept
Dec.

12
30
27 . .
30

8 885
9 068
9 296
10,383

6 871
7 020
7 278
7,606

4,532
4 249
4 212
4,626

2,339
2 771
3,066
2,980

1,569
2 058
2,229
2,041

770
714
838
940

895
994
927
889

1962 Mar.
June
Sept.
Dec.

26
30
28
28

9,576
10 009
10 540
11 432

7,687
7 937
8 345
8,957

4,494
4 672
4 945
5,418

3,193
3,264
3,400
3,538

2,223
I 936
2,006
2,129

970
,329
,395
,409

981
916
996
1,071

34
31
35
44 !

94
94
113
99

12
15
10
22

587
838
858
1,045

25
31
36
41

11
9
13
11

86
75
65
78

59
64
69
65

9
9
12
13

1963 Mar. 18
June 29
Dec. 20

11,132
1 1 ,440
11,776

9,078
9,082
9,615

5,473
5,545
6,220

3,604
3,537
3,395

2,275
2,071
1,705

,329
,466
,690

856
974
1,019

42
40
49

157
154
98

21
22
18

763
947
787

42
44
52

12
22
19

90
79
53

71
77
67

13
12
12

1954 june 30 ...


Dec. 31

12,046
13,289

9,636
10,562

6,266
7,102

3,370
3,460

1,750
1,873

,620
,587

923
,006

53
55

151
150

47
26

947
1,129

2
S0

74
86

142
195

12
12

W
W

1965June 30
Dec. 31

13,535
14,290

10,835
11,455

7,367
8,219

3,468
3,236

1,761
1,700

,707
,536

1,028
1,042

64 1
73

97
151

15
16

1,107
1,145

7
c1

83
104

218
213

11
11

to

1966June 30. ...


Dec. 31

1 4,490
14,935

11,715
11,802

8,567
8,756

3,149
3,047

1,585
1,545

,564
,502

939
815

77
92

235
136

13
17

1,058
1,578

1C)6
11 1

111
133

235
251

11

Digitized for FRASER


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

'

2.3 RESERVE CITY MEMBER BANKSCITY OF CHICAGOContinued


A.

TOTAL ASSETS AND NUMBER OF BANKSContinued


[Assets in millions of dollars]

rn
Loans and investments
Total
assets

Call date

CO
OO

Balances with

Investments
Total

Loans

Total

U.S.
Govt.
Other
securities securities

Reserve
with
F. R.
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Bank
premises,
etc.

Cash
items

1967 June 30
Dec. 30

15,073
16,296

12,133
12,744

8,924
9,223

3,209
3,520

,576
,574

1,633
1,947

954
1,105

80
94

153
151

14
27

1,230
1,570

1 6
165

1968June 29
Dec. 3 1 . . . .

16,168
18,099

12,848
14,274

9,248
10,286

3,600
3,988

,762
,863

1,838
2,125

926
1,164

69
98

237
281

13
15

1,402
1,449

193
236

1969 June 30
Dec. 31

17,869
17,927

14,321
14,365

10,573
10,771

3,749
3,594

,616
,564

2,132
2,030

652
869

78
123

134
150

17
15

1,835
1,645

1970 June 30
Dec. 31

18,291
19,892

14,648
15,745

10,987
11,214

3,661
4,531

1,540
2,105

2,121
2,427

885
1,148

96
126

135
160

11
20

1,495
1,621

Customers'
liability
on
acceptances

Other
real
estate

Other
assets

Number
of
banks

146
149

245
290

11
10

169
171

309
409

9
9

271
290

2
2

198
125

361
344

9
9

303
324

2
2

287
255

429
492

9
9

For notes see end of Table 2.5 E.

2.3 RESERVE CITY MEMBER BANKSCITY OF CHICAGOContinued


B. TOTAL LIABILITIES
[In millions of dollars]

Call date

Total
liabilities
and
capital

Deposits

Total

Interbank

U.S.
Govt.
and
postal
savings

Other
demand

Other
time

Borrowings

Acceptances
outstanding

Demand deposits

Capital accounts
Other
liabilities

Stocks
Total

Common

Surplus

Preferred

Undivided
profits

Reserves
for
contingencies,
etc.

Adjusted

Net

1939 Mar. 29..


June 30. .
Oct. 2. .
Dec. 30..

3,018
3,374
3,558
3,595

2,741
3,090
3,274
3,330

844
759
867
88

83
60
63
83

1,349
1,784
1,854
1,867

464
488
490
492

2
3
3
4

14
11
11
11

261
270
270
250

101
101
101
101

26
26
26
1

72
72
74
87

11
%

M32

30

,250
,666
,747
,739

2,012
2,263
2,452
2,441

1940 -Mar. 26. .


June 29. .
Dec. 31..

3,507
3,815
3,995

3,235
3,541
3,710

1,004
956
1,004

84
83
94

1,653
1,998
2,107

494
504
504

4
3
3

15
U
12

253
260
270

101
101
100

I
2

87
87
104

31
36
29

33
34
35

,544
,898
,941

2,448
2,695
2,721

1941 Apr. 4. .
June 30. .
Sept. 24. .
Dec. 31 . .

3,945
4,264
4,341
4,363

3,658
3,970
4,044
4,057

1,158
1,018
1,089
1,035

112
100
95
127

1,892
2,356
2,370
2,419

496
498
491
476

2
3
2
2

15
12
15
16

270
279
279
288

100
100
100
100

104
104
109
121

28
36
31
29

37
37
37
37

1,755
2,205
2,228
2,215

2,743
3,061
3,146
3,084

Digitized for FRASER


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

2
2

1942 Apr. 4
June 30. .
Dec. 31

4,446
4,553
5,364

4 134
4 241
5 040

1 262
1,038
1 117

296
201
667

2,120
2,543
2 803

455
460
453

3
2
2

21
17
18

289
293
304

100
100
100

1943 June 30
Oct. 18
Dec. 31 ,

5 588
6,315
5,876

5 251
5 974
5 523

1 045
1 117
985

509
1,243
716

3 220
3,116
3,316

477
497
506

2
3
2

23
22
26

312
317
326

101
101
131

1
1

1944 Apr. 13 ,
June 30. ,
Dec. 30.

6,044
6,428
6,860

5 679
6,053
6,468

1,024
1,105
1,148

866
1,105
1,400

3,274
3,300
3,300

515
544
620

3
3
3

33
29
35

329
343
354

1945Mar, 20..
June 30..
Dec. 31 . .

6,558
7,104
7,459

6,161
6,702
7,046

1,108
1,193
1,312

900
1,499
1,552

3,520
3,346
3,462

632
663
719

3
2
3

42
38
33

1946 June 29.


Sept. 30..
Dec. 31 . .

6,525
6,419
6,349

6,092
5,983
5,905

1,071
1,050
1,153

791
527
154

3,452
3,612
3,770

779
793
827

5
3
6

1947June 30..
Oct. 6..
Dec. 31.

6,359
6,556
6,866

5 908
6,097
6 402

1,080
1,136
1,217

182
163
74

3,776
3,920
4 201

869
878
911

1948 Apr. 12.


June 30.
Dec. 31

6,291
6,509
6,774

5,826
6 039
6 293

1,028
1,077
1 064

103
106
189

3,777
3,906
4 039

918
950
1,000

1949Apr. 11.
June 30. .
Nov. 1 . .
Dec. 31 . .

6,341
6,586
6,949
7,320

5,856
6 087
6,395
6 810

1,002
,008
,127
,191

236
200
210
263

3,585
3,823
4,006
4,277

1,033
1,056
1,051
1,079

1950 Apr. 24
June 30. .
Oct. 4. .
Dec 30

6,692
6,938
7,119
7 649

6 178
6,419
6,585
7 109

998
,015
,142
229

183
215
171
177

3,915
4,094
4,203
4 604

1,082
1,095
1,070
1 099

1951 Apr. 9.
June 30. .
Oct. 10. .
Dec. 31

7,201
7,477
7,513
7 972

6,656
6,921
6,950
7 402

,048
,040
,249
307

524
487
306
247

.3,992
4,272
4,282
4,710

1,093
1 , 122
1,113
1,138

1952 Mar. 31..


June 30. .
Sept. 5..
Dec. 31

6,839
7,610
7,714
8,297

6,183
7 027
7,019
7 686

,493
,182
,235
,350

459
310
264
347

3,121
4,375
4,376
4,789

1,109
1,160
1,144
1,201

101

1953 Apr. 20. .


June 30. .
Sept. 30..
Dec. 31 . .

7,627
7,729
8,102
8,366

6,962
7,119
7,338
7,724

,175
,216
,278
,387

191
204
371
262

4,427
4,495
4,487
4,837

1,170
1,204
1,201
1,239

133

1954 Apr. 15..


June 30
Oct. 7..
Dec. 31. .

7,804
8 064
8,143
8,520

7,149
7 419
7,463
7,845

,225
340
1,342
1,321

221
414
469
256

4,475
4,403
4,398
4,977

1,228
1 263
1,254
1,290

15

1955 Apr. 11..


June 30
Oct. 5..
Dec. 31..

8,086
8 102
7,967
8,720

7,293
7 431
7,251
8,010

1,181
1 180
1,284
1,296

302
349
206
227

4,525
4 606
4,474
5,165

1,285
1 297
1,288
1,321

117

1956 Apr. 10..


June 30..
Sept. 26..
Dec. 31 . .

8,193
8,349
8,233
8,695

7,213
7,631
7,302
7,943

1,246
1,195
1,215
1,372

221
357
317
188

4,469
4,781
4,488
5,069

1957 Mar. 14..


June 6. .
Oct. 11..
Dec. 31 . .

8,327
8,147
8,310
8,595

7,330
7,284
7,315
7,792

1,144
1,184
1,240
1,347

92
101
186
199

4,785
4,691
4,582
4,904

Digitized for FRASER


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

121
121
127

29
32
37

38
38
39

1 919
2 379
2 557

3 197
3 403
4 176

127
127
130

43
46
25

41
43
39

3 002
2 885
3 050

3 gyg

131
131
133

131
141
147

26
28
33

42
43
42

3 oi9
3 070
3 041

3 865
3 999
4 016

353
362
377

132
132
142

146
146
148

32
40
42

43
45
46

3 289
3,152
3 153

4 262
4,173
4 268

34
35
34

394
397
404

142
143
144

158
158
158

47
49
54

47
48
47

3 189
3 287
3 356

4 100
4 185
4 343

3
3
5

32
35
32

416
420
426

144
144
144

164
164
179

59
63
54

49
49
50

3 427
3,612
3 737

4 527
4,767
4 852

4
5
6

34
29
31

426
436
444

145
145
160

179
189
194

55
54
43

48
48
46

3 432
3 505
3 gQ4

4 417
4 536
4 715

5
7
8
8

35
30
37
33

445
462
466
470

160
160
160
160

2
2
2
2

194
196
196
215

43
54
55
42

46
51
52
51

3,291
3 470
3,642
3 797

4,399
4 528
4,872
5 ogS

5
4
8
6

38
34
41
44

470
482
484
490

160
160
163
164

2
2
2
2

220
225
226
231

37
42
41
43

51
52
53
49

3 601
3,676
3,773
3 954

4 ggg
4,788
4,947
5 220

10
4

6
5
6
7

46
40
48
50

492
501
506
513

164
164
164
180

2
2
2
2

232
237
237
227

44
48
52
55

51
51
52
49

3 636
3,818
3,837
4 121

5 066
5,213
5,260
5 506

6
5
4
5

55
48
59
65

516
530
532
541

196
196
196
199

2
2
2
2

228
239
239
241

41
43
44
51

49
50
51
49

2,757
3 903
3,928
4 126

4,679
5 251
5,301
5 545

4
3
4
5

67
55
70
71

542
551
557
566

201
201
202
202

2
2
2
2

241
246
247
254

49
53
57
58

49
49
50
50

3,968
3 913
3,914
4 211

5,196
5 201
5,442
5 683

5
5
3
5

74
58
70
70

571
583
592
600

203
203
204
214

2
2
2
2

255
261
261
281

60
63
71
49

51
55
55
54

3,896
3 844
3,933
4 400

5,192
5 422
5,598
5 794

23

3
4
6
5

71
55
67
75

602
612
620
628

214
214
214
217

2
2
2
2

282
287
287
296

5Q
54
62
61

55
56
56
53

3,983
4 024
3,881
4,349

5,336
5 405
5^255
5,717

.,
<*
S
S

1,277
1,298
1,283
1,315

271
1
198
4

4
5
6
6

73
74
81
82

631
639
646
660

235
236
237
238

2
2
2
2

297
302
302
308

44
47
53
59

53
53
53
53

3,892
4,092
3,820
4,272

5,250
5,504
5,238
5,647

Dd
tr|
ffi
^

1,308
1,308
1,307
1,342

255
101
205
4

7
5
7
8

82
92
107
103

654
665
676
689

240
240
240
242

2
2
2
2

309
309
315
323

59
68
73
77

45
46
46
45

4.088
4,087
3,905
4,084

5,212
5,258
5,219
5,465

W
>
2
p<
03

1
1

44

79

53

1
1

3 836
3 882

2.3 RESERVE CITY MEMBER BANKSCITY OF CHICAGOContinued

2
w
2
w
w

B. TOTAL LIABILITIESContinued
[In millions of dollars]

Call date

Total
liabilities
and
capital

Deposits

Total

Interbank

U.S.
Govt.
and
postal .
savings

Other
demand

Other
time

Borrowings

Acceptances
outstanding

Capital accounts
Other
liabilities

Stocks
Total

Common

Surplus

Preferred

Demand deposits

Undivided
profits

Reserves
for
contingencies,
etc.

Adjusted

Net
C/5

1958 Mar. 4..


June 23..
Sept. 24..
Dec, 31..

8,356
8,929
8,522
9,071

7,377
8,022
7,628
8,214

,241
,288
,340
,391

195
709
252
256

4,592
4,626
4,642
5,136

,349
,399
,394
,431

158
80
55
3

8
10
13
12

118
109
112
109

695
708
714
733

252
252
277
277

2
2
2
2

324
345
322
323

73
62
67
83

46
47
47
49

3,945
4,089
3,985
4,271

5,242
5,921
5,441
5,694

1959 Mar. 12..


June 10 . .
Oct. 6. .
Dec. 31 . .

8,657
8,520
8,645
8,967

7,619
7 ,375
7,513
8,062

,195
,191
,221
,253

106
127
258
279

4,923
4,657
4,614
5,070

,395
,399
,419
,460

179
272
261
40

15
16
15
11

115
115
103
92

729
743
754
762

284
287
288
289

2
2
2
2

325
328
333
363

71
80
87
67

48
47
44
42

4,187
3,947
3,926
4,171

5,352
5,123
5,268
5,532

1960 Mar. 15..


June 15..
Oct. 3..
Dec. 31 . .

8,817
8,928
8,815
9,219

7,496
7,692
7,792
8,197

,157
,276
,298
,441

231
338
534
329

4,700
4,669
4,495
4,899

,409
,409
,465
,528

449
333
81
35

19
20
31
43

103
117
126
122

749
765
786
822

290
290
290
294

362
369
369
416

55
64
83
68

41
42
44
44

3,856
3,678
3,834
3,968

5,115
5,138
5,489
5,505

1961Apr. 12. .
June 30. .
Sept. 27 . .
Dec. 30..

8,885
9,068
9,296
10,383

7,828
8,037
8,153
9,283

,260
,135
,220
,637

89
382
479
374

4,677
4,602
4,527
5,268

,802
,918
1,928
2,003

42
10
94
35

58
66
69
87

127
108
124
109

830
848
856
870

321
321
325
328

418
423
423
428

47
59
63
74

44
45
45
40

3,871
3,881
3,746
3,809

5,084
5,244
5,322
5,598

1962 Mar. 26..


June 30. .
Sept, 28 . .
Dec. 28..

9,576
10,009
10,540
11,432

8,136
8,810
9,224
9,993

,144
,146
,254
,294

374
553
484
417

4,329
4,520
4,684
5,264

2,288
2,591
2,803
3,018

357
34
112
262

86
75
65
78

127
197
206
151

870
894
933
948

329
330
340
343

453
459
473
487

48
62
76
73

40
42
44
44

3,782
3,728
3,869
4,262

5,147
5,264
5,426
5,809

1963 Mar. 18..


June 29 . .
Dec. 20. .

11,132
11,440
11,776

9,593
10,141
10,296

,249
,218
,229

272
590
401

4,863
4,840
4,887

3,210
3,493
3,781

267
111
255

90
79
53

227
135
175

' 954
974
996

344
344
368

488
493
496

79
92
92

44
45
41

4,146
3,941
4,144

5,455
5,576
5,614

1964 June 30. .


Dec, 31 . .

12,046
13,289

10,630
11,807

,208
,470

592
401

4,744
5,362

4,085
4,574

210
204

74
86

115
136

1,017
1,056

404
406

4
9

510
516

83
108

16
17

3,845
4,294

5,453
5,960

1965 June 30..


Dec, 31..

13,535
14,290

11,699
12,475

,324
,475

703
349

4,926
5,656

4,745
4,995

438
355

84
105

218
223

1,096
1,132

423
423

9
9

531
536

102
130

32
34

3,881
4,571

5,718
6,196

1966 June 30..


Dec. 31..

14,490
14,935

12,385
12,673

,273
,458

682
311

5,249
6,008

5,182
4,897

521
484

113
133

319
445

1,152
1,199

439
439

9
9

567
580

104
134

33
37

4,251
4,502

5,882
6,052

1967June 30. .
Dec. 30. .

15,073
16,296

12,814
13,985

,291
,455

300
269

5,537
6,250

5,685
6,011

359
383

147
150

529
433

1,224
1,346

9
12

605
620

133
158

37
117

4,370
4,758

5,733
6,255

1968 June 29..


Dec. 31 . .

16,168
18,099

12,701
14,526

,240
,556

95
259

5,768
6,542

5,598
6,169

811
682

169
172 i

1,125
1,285

1 , 363
1,433

440
438
474
474

12
40

632
640

125
146

120
132

4,428
5,183

5,447
6,613

1969June 30..
Dec. 31 . .

17,869
17,927

13,035
13,264

,393
,692

275
176

6,192
6,770

5,175
4,625

1,230
1,290

200 t
126 j

1,913
1,731

1,492
1,517

481
491

40
40

662
677 !

162
159 i

147
149

4,428
5,222

5,864
6,840

1970June 30..
Dec. 31..

18,291
19,892

13,266
15,042

,698
,979

348
283

6,102
6,663

5,118
6,117

1,507
1,851

291
263 !

1,661
1,150

1,566
1,586

491
491

40
40

696
744

206
181 !

132
131

4,683
5,120

For notes see end of Table 2.5 E.

Digitized for FRASER


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

6,509
7,140

2.3 RESERVE CITY MEMBER BANKS CITY OF CHICAGO Continued


C. LOANS
[In millions of dollars]

For purchasing
or carrying
securities

To farmers
Total
loans

Call date

Commercial

Guaranteed
by

Other

ccc

1939 friar
June
Oct
Dec.

29
30
2
30

545
544
563
569

1940 Mar 26
June 29
Dec 31

564
603
696

1941 Apr
June
Sept.
Dec.

780
846
918
954
923
906
832

712
658

4
30 . . .
24
31

1942 Apr 4 . .
June 30
Dec. 31
1943 June 30
Oct. 18
Dec 31

784
1,023
1,004

1944 Apr 13
June 30
Dec 30
1945

Mar 20 .
June 30
Dec 3 1

1946 June 29
Sept. 30
Dec 31

To
brokers
and
dealers

To
others

Other loans to individuals

To financial
institutions

Banks

Other

Real estate

Total

Instalment

On
residential
property

On
farm
land

Total
Retail
auto

Other

Repair
and
modernization

Other
retail

Other

Singlepayment

Other

354
344

22
19

32
39

70
71

12
12

7
7

5
5

57
59

383

41

66

13

60

432
492

8
5

23
42

61
54

16
19

8
10

8
8

62
84

630

36

55

20

11

101

732

48

52

22

13

95

29
34

50
32

22
23

14
15

8
7

612

62

14

34

90
18

Reserve
for
bad
debts

40

41

15

51

12

28

15

763

102

52

22

15

45

11

24

13

962
1,064
1,184

710
738

16
14

102
163

130
163

21
24

1
1

15
14

6
10

49
45

4
3

10
12

5
5

30
25

40
32

1,012
1,250
1,333

670
760

12

1
2

159
211

299
233

23
36

1
1

15
16

7
19

50
51

3
3

12
13

5
5

30
29

34
40

1,329
1,370
1,499

804

188

185

43

20

22

76

46

32

1,094

117

101

51

25

25

105

16

16

54

28

1,178

100

84

42

27

14

130

29

23

14

57

29

1,418

73

87

46

i
i
i

30

15

149

31

30

16

65

26

2
4

61
71

75
63

47
51

i
i

30
31

16
19

156
176

34
36

38
42

17
21

7
10

59
67

32
27

15
20

23

17
12

1947 June 30
Oct. 6
Dec 31

1,565
1,724
1,801

1948 Apr. 12
June 30
Dec. 31

1,663
1,714
1,783

1,357
1,412

1949 Apr.
June
Nov.
Dec.

11
30
1
31

1,617
1,537
1,564
1,618

1,178

83

60

48

29

19

156

35

33

22

10

55

26

20

1,211

109

56

51

32

18

172

35

38

26

11

63

33

22

1950Apr.
June
Oct.
Dec.

24
30
4
30

1,527
1,557
1,776
2,083

1,116
1,322
1,567

22

3
5
8

109
81
110

64
65
69

54
58
65

i
i
i

35
39
46

18
19
19

180
207
207

41
52
51

38
48
52

25
30
30

12
11
10

64
66
64

35
66
87

26
28
32

Digitized for FRASER


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

2.3 RESERVE CITY MEMBER BANKSCITY OF CHICAGOContinued

C. LOANSContinued
[In millions of dollars]
For purchasing
or carrying
securities

To farmers
Call date

Total
loans

Commercial

Guaranteed
by

Other

ccc

9..
30..
10. .
31 . .

2,142
2,215
2,358
2,468

1,643
1,717
1,865
1,977

1952Mar. 31..
June 30..
Sept. 5..
Dec. 31..

2,403
2,380
2,419
2,748

1953 Apr. 20..


June 30. .
Sept. 30..
Dec. 31..

1951 Apr.
June
Oct.
Dec.

1
1

To
brokers
and
dealers

To financial
institutions

To
others Banks

Instalment

Other

12

Total

On
residential
property

On
farm
land

Other

Total

Retail
auto

Other
retail

Repair
and
modernization

Other

Singlepayment

Other

Reserve
for
bad
debts

69
70
73
70

1
1
1
1

48
49
51
48

20
20
21
21

193
192
178
180

47
48
48
45

44
42
28
32

28
26
26
25

11
11
10
11

64
65
65
67

85
89
89
109

37
37
37
41

70
67
68
67

1
1
1
1

48
44
44
43

22
22
24
24

173
183
187
211

42
48
50
57

28
29
30
41

24
24
25
27

11
11
12
14

68
71
70
71

112
83
75
104

45
46
47
49

67
70
68
70

1
I
1

42
44
43
43

24
25
24
27

227
235
242
234

60
63
61
58

52
54
58
59

26
25
26
26

14
18
19
19

74
75
78
72

103
89
85
95

54
55
54
55

73
81
80
91

11

46
52
52
61

27
28
28
29

209
206
211
223

53
52
55
56

57
55
54
59

24
24
26
26

12
12
12
12

62
63
65
70

86
74
77
105

56
55
56
58

8
6
11
16

102
113
77
94

67
64
60
63

1,927
1,856
1,872
2,080

12
11
11
14

73
166
147
239

80
61
67
66

38
15

2,591
2,552
2,609
2,776

1,988
1,992
2,041
1,912

11
7
6
6

181
142
145
286

67
71
71
75

4
1

6
4
6
7

155
242
238
345

74
74
73
89

28

152

Other loans to individuals

Real estate

43
1

1954 Apr.
June
Oct.
g
Dec.

15..
30 . .
7 ..
31..

2,621
2,589
2,473
2,784

1,898
1,835
1,833
1,847

148
130

1955 Apr.
June
Oct.
Dec.

11..
30. .
5..
31 . .

2,650
2,846
2,968
3,342

1,816
1,940
2,140
2,390

137
96
5

5
6
11
14

185
270
223
275

80
88
95
99

5
6
8
9

111
122
128
128

1
1
1
1

77
87
92
92

33
34
35
35

237
244
263
316

64
61
71
73

64
65
68
107

25
24
24
24

13
14
15
14

70
80
85
97

133
134
157
174

59
60
62
65

1956 Apr. 10. .


June 30..
Sept. 26. .
Dec. 31..

3,315
3,572
3,571
3,772

2,465
2,663
2,700
2,781

6
5

7
7
8
17

201
170
170
203

99
96
89
97

26
8
31
5

130
133
134
134

1
1

94
94
92
92

36
38
42
41

283
384
364
439

76
78
77
76

81
176
156
230

23
23
25
26

15
16
17
18

87
90
90
89

171
179
152
173

74
74
75
76

1957 Mar. 14..


June 6. .
Oct. 11..
Dec. 31. .

3,621
3,789
3,897
3,852

2,789
2,859
2,981
2,903

1
1

7
6
6
9

160
172
164
200

95
96
98
97

6
11
8
4

135
135
141
143

95
96
98
99

39
39
42
43

348
430

76
77
74
73

149
212
204
207

27
28
30
30

18
19
20
20

79
95
95
95

174
173
174
176

93
95
99
106

1958- Mar. 4..


June 23 . .
Sept, 24..
Dee. 31 . .

3,492
3,594
3,405
3,637

2,676
2,618
2,584
2,628

8
8
7
15

153
178
113
266

92
100 (
95
97

5
165
63
10

150
143
147
161

1
1
1

106
99
101
104

43
43
46
56

345
336
333
357

70
66
63
61

131
117
120
131

29
28
27
26

20
21
21
21

95 ,
105
102
119

169
153
173
210

106
107
109
108

1959 Mar. 12. .


June 10..
Oct. 6. .
Dec. 31..

3,481
3,643
3,978
4,206

2,596
2,678
2,509
2,527

14
16
15
21

131
146
131
268

103
107
114
124

21
38
43
33

538
588

164
181
180
183

107
121
123
121

56
59
56
61

370
386
412
435

62
67
74
76

143
141
146
158

25
24
23
23

22
23
27
28

118
132
143 1
150 i

191
203
149
148

110
111
113
121

I960- Mar. 15..


June 15..
Oct. 3..
Dec. 31 . .

4,173
4,386
4,422
4,485

2,636
2,716
2,797
2,690

23
20
17
21

162
187
203
322

122
123
123
134

546
581
576 :
564

175
183
183
196

114
121
126
129

60
61
61
66

408
396
401
421

76
76
79
78

149
129
124
129

23
20
20
19

28
31
31
30

132
141
147
164

211
179
197

122
125
128
129

1961 Apr. 12..


June 30. .
Sept. 27..
Dec. 30..

4,532
4,249
4,212
4,626

2,627
2,555
2,527
2,609

19
18
19
23

218
205
185
354

1
131 !
131
129
137

56
93
67
67
184
91

193
479 !
459 1 2 0 2
211
494
221
669

127
134
146
156

64
67
65
64

586
538
493
476

73
74
70
69

310
227
174
133

18
17
17
17

30
30
31
31

156
189
202
226

206
188
240
229

135
136
141
146

Digitized for FRASER


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

134

2
25
.

53

>
j
7S
C/3

22
6

20
22
29

202
265
248
407

130
147
145
152

86
89
96
89

575
611
688
703

235
278
338
362

1
1
1
1

165
202
241
258

70
75
96
102

447
456
514
523

71
80
95
100

105
93
88
95

16
18
34
34

30
34
40
43

224
233
257
252

270
298
309
369

149
151
160
162

5'

28
28
35

350
358
497

163
176
181

139
135
242

698
741
751

379
393
401

1
1
1

284
289
281

95
104
119

537
555
594

102
104
108

104
97
118

29
28
27

50
59
57

252
268
285

369
288
318

179
182
182

3,332
3,870

26
24

498
510

192
203

200
227

893
948

409
465

2
2

283
322

123
142

600
669

118
128

108
121

25
26

81
68

268
325

318
430

203
244

7 367
8^219

4,099
4,642

26
32

465
444

232
244

266
*260

1,007
1,201

514
577

2
3

328
388

184
186

702
762

150
167

125
126

26
28

66
72

335
369

308
316

253
259

1966 June 30..


Dec. 31 . .

8,567
8,756

4,983
5,311

(22)
()

35
64

394
406

254
222

*257
*212

1,293
1,161

592
622

3
3

399
421

190
199

744
751

184
178

96
135

29
23

76
82

359
333

276
273

262
267

1967 June 30..


Dec. 30. .

8,924
9,223

5,562
5,714

41
46

309
459

205
220

174
162

1,019
951

671
675

2
2

427
399

242
274

741
754

175
130

137
159

28
31

83
94

318
339

1472
1506

270
263

1968 June 29 . . 9,248


Dec. 31.. 10,286

5,796
6,118

C22 )
()
(22)
()

39
49

355
535

220
253

173
205

1,046
1,219

693
738

3
2

454
488

237
248

748
848

122
130

147
159

28
27

93
108

358
424

M28
i 592

251
273

1969 June 30.. 10,573


Dec. 31.. 10,771

6,353
6,444

(22)
()

44
50

366
337

264
262

179
186

1,144
1,219

790
842

3
2

428
555

360
284

888
862

135
124

179
182

29
24

114
117

430
415

1545
i 569

275
291

45
42

379
356

141
191

152
138

1,154
1,284

823
864

2
4

571
575

250
284

942
1,015

122
114

258
276

32
33

115
138

414
453

296
291

1962 Mar. 26..


June 30
Sept. 28*
Dec. 28..

4,494
4 672
4,945
5,418

2,677
2,659
2,745
2,941

1963 Mar. 18..


June 29 . .
Dec. 20..
1964 june 30. .
Dec, 31 '. '.
1965 june 30. .
Dec. 31 '. '.

5,473
5,545
6,220

2,989
3,051
3,378

6,266
7J02

1970 June 30.. 10,987


Dec. 31.. 11,214

6,635
6,502

( 2)
C)

715
i 821

For notes see end of Table 2.5 E.

2.3 RESERVE CITY MEMBER BANKSCITY OF CHICAGOContinued


D.

INVESTMENTS

[In millions of dollars]


U.S. Govt. securities

Direct

Call date

Notes, maturing

Total
investments
Total

1939 Mar.
June
Oct.
Dec.

Bills

Certificates

Bonds
Marketable, maturing-

Within
1 year

After
1 year

Total

Within
1 year

1-5

5-10

10-20

121
185

212
234

660
621

37
36

125
119

333
301

165
164

153

176

701

33

123

445

101

29..
30 . .
2..
30..

1,420
1,507
1,487
1,536

992
1,040
1,017
1,031

1940 Man 26. .


June 29..
Dec. 31..

1,658
1,602
1,681

1,180
1,125
1,194

254
297

161
145

710
752

25
52

137
117

448
483

1941 Apr.
June
Sept.
Dec.

1,869
1,861
1,655
1,806

1,342
1,346
1,145
1,311

417

125

803

69

98

256

153

903

61

119

4..
30..
24. .
31..

Digitized for FRASER


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

Over 20
years

Nonmarketable

Guaranteed

Securities
of
States,
etc.

Other bonds,
notes, and
debentures

Federal
agency

Other

108
135
155
172

149
154
147
162

142
150
139
142

100

139
134
112

175
177
188

137
140
159

534

102

541

183

125
138
159
119

226
190
175
182

151
162
151
169

too

Corporate
stock
(including
F. R.
Bank
stock)

28

2.3 RESERVE CITY MEMBER BANKSCITY OF CHICAGOContinued


D. INVESTMENTSContinued
[In millions of dollars]
U.S. Govt. securities l
Direct
Call date

Total
investments

Notes, maturing

Total

1942 Apr. 4. .
June 30. .
Dec. 31..

1,883
2,210
3,141

1,381
1,768
2,706

1943June 30..
Oct. 18..
Dec. 31..

3,548
4,022
3,550

3,091
3,693
3,163

1944 Apr. 13..


June 30. .
Dec. 30..

3,765
4,060
4,258

1945 Mar. 20..


June 30. .
Dec. 31..

Bills

Certificates

Bonds
Marketable, maturing

After
1 year

Within
1 year

Total

Within
1 year

1-5

5-10

10-20

Over 20
years

Nonmarketable

23
22
21

75

'74*

209
164
158

154
146
134

18
19
20

146
149

2
2

31
31

186
204
160

143
150
169

19
19
16

393
488

162
61

3
3

177
154
181

167
182
190

16
14
13

997

434

60

980

471

60

153
148
167

190
185
178

10
9
9

17

175
205
213

163
167
175

9
9
10

14
15

223
185
210

164
166
163

10
10

17

18

236
235
263
290

165
169
181
180

11
11
11
11
11

336
337
329

6
26
27

15
15
16

340
340
327
335

201
210
221
230

12
12
12
12

477
441
437
421

327
330
326
332

37

3
35

16
16
16
16

341
347
327
351

205
204
191
189

12
J2
12
12

684
670
664
726

418
432
528
549

332
338
336
383

35

16
15
16
16

356
363
360
384

176
187
197
184

13
13
13
13

652
777
614
683

563
535
560
625

370
267
265 '

4
6
5

15
14
13
13

409
375
384
400

160
157
162
158

13
14
14
14

248
531

581
483

181
180

795

399

1,424

295

455

530

143

877

484

1,602

325

630

503

143

367
250

1,038
1,045

587
779

1,665
1,809

355
394

695
779

467
484

3,840
4,130
4,213

127
133

1,253
1,467

814
749

1,936
1,864

434
417

944
896

3,837
3,602
3,266

3,485
3,260
2,912

14

1,042

529

1,900

407

60

498

146

2,207

694

1947 June 30..


Oct. 6. .
Dec. 31..

3,237
3,316
3,287

2,890
2,935
2,890

106

368

132

2,284

589

1,077

555

60

132

235

248

2,274

717

849

627

64

1948 Apr. 12..


June 30. .
Dec. 31 . .

3,018
3,028
3,016

2,620
2,667
2,633

160
183

250
275

214
217

2,043
1,958

489
729

878
596

613
615

49
3

1949 Apr.
June
Nov.
Dec.

11..
30. .
1. .
31..

2,978
3,303
3,711
3,806

2,567
2,888
3,256
3,324

369

343

125

2,051

943

433

655

331

690

358

1,945

1,007

463

455

1950Apr.
June
Oct.
Dec.

24. .
30. .
4..
30..

3,565
3,699
3,529
3,487

3,012
3,138
2,969
2,911

352
253
232

276
140
131

555
673
700

1,954
1,903
1,847

1,079
1,045
1,009

518
480
467

1951Apr.
June
Oct.
Dec.

9..
30..
10..
31 . .

3,178
3,305
3,129
3,264

2,621
2,742
2,599
2,711

ISO
209
204 1
334

150
245
332

696
653
502
520

1,745
1,729
1,649
1,526

888
906
832
720

1952 Mar.
June
Sept.
Dec.

31 . .
30, .
5..
31..

2,821
3,284
3,319
3,493

2,276
2,721
2,749
2,912

87
366
314
407

207
371
341
224

497
494
517
607

1,485
1,490
1,578
1,674

1953 Apr.
June
Sept.
Dec.

20..
30. .
30..
31 . .

3,044
3,075
3,364
3,428

2,461
2,529
2,804
2,856

56
147
119
123

198
235
541
450

607
551
686
684

1,600
1,596
1,458
1,598

199

3,417
3,657
3,882

4,199
4,480
4,598

1946 June 29. .


Sept. 30. .
Dec. 31..

Digitized for FRASER


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

Other

163
166
165

58
87

473

Federal
agency

207
164
166

1,068
1,282

181
637

Guaranteed

Corporate
stock
(including
F. R.
Bank
stock)

108
90
83

162
391

357
397

Securities
of
States,
etc.

Other bonds,
notes, and
debentures

271

1954 Apr.
June
Oct.
Dec

15
30
7
31

3
3
3
3

171
386
870
734

2,575
2 825
3,302
3 120

156
113
244
70

280
261
223
241

4(56
7;.1
8e>4
8*)5

,672
731
,970
953

442
A 79
1 38
1 11

950
943
913
922

267
293
303
302

1955Apr.
June
Oct.
Dec.

11..
30
5..
31 . .

3,605
3 441
3,242
3,200

2,918
2 742
2,537
2,506

137
76
31
111

172
66
39
68

7i59
81 2
61 9
6C)4

,820
,788
,848
,723

K
31
5 01
5 79
6 31

901
895
858
977

302
304
312
45

1956 Apr.
June
Sept.
Dec.

10..
30. .
26. .
31 . .

3,009
2,764
2,679
2,701

2,309
2,088
2,061
2,113

28
46
43
112

54
3
21
42

5!>7
4" 6
4!>3
31 6

,670
,564
,544
,643

6 25
5 26
< 47
8 50

986
977
936
731

1957 Mar.
June
Oct.
Dec.

14..
6. .
II..
31..

2,813
2,477
2,402
2,594

2,209
1,884
1,869
2,032

314
75
36
65

26
74
72
126

r1
2:>3
T'8
31 3

,598
,513
,483
,528

8 42
1 84
S 17
9 23

1958 Mar. 4
June 23 .
Sept. 24. .
Dec. 31..

2 867
3 348
3,173
3,193

2 266
2,694
2,537
2,562

265
268
170
232

68
145
406
361

3;.4
4^ 0
4! 3
5] 2

,609
,791
,508
,446

1959 Mar.
June
Oct.
Dec.

12
10. .
6..
31..

3 231
2,938
2,712
2,679

2 602
2,235
2,037
1,985

413
178
125
108

273
205
124
78

4tto
4:(9
4! 0
4f >7

I960 Mar.
June
Oct.
Dec.

15 .
15..
3..
31..

2 573
2,320
2,379
2,565

1 926
1,664
1,778
1,882

300
46
129
132

50
42
49
37

44tt
4E 0
5! 1

1961 Apr.
June
Sept.
Dec.

12. .
30
27..
30..

2,339
2 771
3,066
2,980

1,569
2 057
2,229
2,041

154
438
708
478

20
153
102
92

136
147
169
230

401
449
397
497

857
871
854
743

106
197
195
41

565
515
513
573

178
153
142
113

7
4
3
17

1962 Man
June
Sept.
Dec.

26
30. .
28..
28..

3 193
3 264
3,400
3,538

2 223
1,936
2,006
2,129

681
200
184
377

202
151
64
115

178
384
216
280

469
460
566
569

693
741
975
788

12
6
349
36

564
571
265
291

96
157
337
451

20
6
22
8

1963 Mar. 18..


June 29
Dec. 20..

3,604
3 537
3| 395

2,275
2 071
1,705

572
426
347

60
71
42

177
155
156

603
627
443

863
791
716

21
33
11

261
281
285

518
472
366

62
4
53

1964 June 30
Dec. 31..

3 370
3,460

750
,873

418
564

122
180

530
217

679
911

89
106

285
372

248
393

1965 June 30..


Dec. 31

3,468
3 236

,761
700

473
542

147
144

152
128

988
959

1
24

410
412

1966 June 30
Dec 31

3 149
3 047

585
545

411
350

18
4

163
137

121
119

954
1 004

7
40

1967 June 30..


Dec. 30

3,209
3 520

,576
574

295
427

14

122
136

262
209

951
852

1968 June 29
Dec. 31

3 600
3 988

1 762
1 863

413

124

384

1969 June 30
Dec. 31..

3 748
3 594

1 616
1 564

109

10

1970 June 30. .


Dec. 31

3 661
4 53 i

1 540
1 105

154

109

For notes see end of Table 2.5 E.

Digitized for FRASER


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

ee>3

14
16
16
17

421
387
378
415

160
160
177
184

14
14
14
15

69
69
84
58

17
18
14
11

450
456
468
476

223
228
222
203

15
15
15
15

45
46
47
47

5
5
5
5

to
10
10
10

497
489
443
440

187
171
158
131

16
16
16
16

696
670
592
519

46
45
62
78

5
5
5
2

10
8
S
6

465
460
396
408

123
116
120
137

17
17
17
17

9 10
7 49
7 07
6 77

593
935
733
723

74
72
37
21

26
29
20
20

6
6
11
6

451
495
487
491

133
141
131
122

17
18
18
18

476
,414
,338
,332

g 74
8 49
8 37
806

575
512
484
517

13
41
8
1

7
7
7
7

6
6
2
1

490
564
544
562

120
120
112
113

18
19
19
20

,134
,096
-1,048
1,050

723
6 83
6 95
S 49

405
380
320
168

2
3
3
5

3
29
29
27

1
1
I
I

537
564
526
607

90
73
55
54

20
20
20
21

693
630
696
816

27
37
94
84

28
25
25
13

22
22
22
27

886
1,150
1,216
1,242

44
100
93
104

12
44
37
22

28
35
49
42

1,167
1 226
1,361

101
170
269

19
27
17

42
42
43

57
40

1,370
1,392

191
131

15
16

45
48

497
452

80
73

1,493
1,400

103
68

34

474
544

415
351

58
69

1,326
1 328

168
105

70
69

14
58

607
552

262
184

68
58

1,434
1 487

102
335

97
124

899

138

520

193

48

1 564
1,810

145
179

12 8
136

416

813

196

580

28

1 867
1,837

141
104

12 5
88

549

522

56

446

10

10

1,861
2 054

162
272

98
100

1
l

1
1

69

77

2.3 RESERVE CITY MEMBER BANKS CITY OF CHICAGO Continued


E. DEPOSITS
[In millions of dollars]
Time

Demand

i!

Total
deposits

Call date

Total
IPC

_
I State ;
Foreign
and
US
govt.
local
Govt.
and
govt.
] other

5
j
i
1 Certi- !
fied

1
1939 Mar.
June
Oct.
Dec

29
30
2
30

2 741
3 090
3 274
3 330

2 277
2 602
2781
"> 835

182
*565
*632
'676

1940

Mar 26
June 29
Dec 31

3 235
3 541
3 710

2 737
3 033
3 201

503
*782
*905

1941

Apr
June
Sept
Dec

3
3
4
4

3
3
3
3

4
30
24
31

658
970
044
057

158
468
554
581

1 685
2' 1 09
2112
2*152

Domestic

Total

j
1 ComMutual j mersavings | cial

Savings

Foreign

1 004
949
997

7
8

498
508
509

489
489
496

26
33 i
09
34

158
010
'og9
'o27

8
8

500
502
491
476

486
480
469
476

31
24
38

262
'028
'l05

10
12

455
460
455

455
460
453

26
22
27
24

133
199
174

80
79
90

18
17
27 i

181
213!
228
233

108
95
95
127

203
226
178

296
201
665

834
746
867
879

,0
12

I942~Apr. 4
June 30
Dec 31

4 134
4241
5 040

3 678
3 781
4 585

I 886
2 292
2 588

1943 j u ne 30
Oct 18
Dec 31

5 251
5 974
5 523

4 771
5 474
5 015

2 981
2 901
3*097

202
187
174

506 ^
1 241
*713

36 '
28
44

032
104
'972

13
13
14

480
499
508

477
497
505

1944

Apr 13
June 30
Dec 30

5 679
6 053
6 468

5 164
5 509
5 848

3 088
3040
3*100

1 55
218
167 '

866
1 105
1*400

30
41
33

Oil
090
' 1 32

14
15
16

515
544
620

514
543
619

Mar 20
June 30
Dec 31

6 161
6 702
7 046

5 529
6 038

6*327

3 324
3* 124
3' 160

162
193
237

900
1 499
1*552

34
29
66

092
174
*292

16
19
20

537
663
719

631
663
719

1946 June 29
Sept 30
Dec 31.

6 092
5 983
5 905

5 31 1
5 188
5 076

3 153
3 335
3 495

262
234
228

789
525
152

37
44
47

047
026
130

24
24
24

781
795
829

779
7 9
823

1947 June 30
Oct
6
Dec 31

5 908
6 097
6 402

5 037
5 ** 18
5 489

3417
3 548
3*853

304
323
285

181
161
72

55
50
63

056
'ill
*196

74
25
21

871
879
913

1948

Apr 12
June 30
Dec 31

5 826
6 039
6 293

4 908
5 088
5 292

3 489
3 539
3 702

251
320
284

102
105
188

37
47
53

004
'055
038

24
22
26

1949

Apr 11
June 30
Dec 31

5 856
6087
6 395
6 810

4 821
5 028
5 339
5 726

3 299
3*475
3 653
3 912

257
307
315
286

234
197
206
258

30
41
39
60

954
962
090
151

1950

Apr
June
Oct
Dec.

6 178
6 419
6*585
?! 109

5 092
5 319
5 512

3 626
3716
3 823
4*250

750
325
328
284

178
21 1
167
174

19
53
52
70

9^6
977
I 098
LI77

1945

24
30
4
30'.'.'.'.'

Digitized for FRASER


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

''.'.'.

6^003

State
and
local
govt.

Foreign
Other
govt.
time ) and
j other

452
471
469
483

83
60
60
80

U.S.

464
488
493
495

141
197
195
167

qnrl

officers'
checks,
etc.

Interbank

IPC

Interbank

Govt.
and
postal
savings

12
17
21
10

3
3

11
15
8

5
5
5

10
17
22

5
5

Domestic
1 ComMutual j mersavings | cial

Foreign

1
2
'

2
2
2

I
1
i
1
i

;
1

i
1
1 1
1
1
4

2
2
2

864
871
902

6
7
9

2
2
2

919
951
1 001

908
940
989

10
11
11

1
1
1

48
46
37
40

035
059
056

022
044
041
069

11
12
10
I0

2
3
4
4

42
37
44 1
48

0H6
099
073
*106

07j
086
060
L089

10
9
9
10

4
4
3
3

ij

...

6,656
6,921
6,950
7,402

5,560
5,795
5,833
6,259

3,6 69
3,9 05
3,S 75
4,4 04

273
316
258
240

520
484
302
242

50
51
48
66

1,C 10
1,C 06
1,2 16
1,2 69

37
34
33
38

1,097
1,126
1.117
1,143

1,082
1,112
1,103
1,128

11
10
10
11

3
3
4
5

1952 Mar. 31
June 30
Sept 5 .
Dec. 31

6,183
7,027
7.019
7,686

5,064
5,857
5,866
6,476

2,7 79
4,C 37
4,C 39
4,4 91

252
287
285
242

455
306
260
343

89
52
53
56

1,4 54
1.1 36
1,1 88
1,3 08

35
39
42
37

1,119
1,170
1,152
1,210

1,099
1,150
1,134
1,190

11
11
11
11

4
4
4
4

3
3
3
3

2
3
1
2

1953_Apr.
June
Sept
Dec.

6,962
7,119
7,338
7,724

5.781
5^05
6,126
6,473

4,C 64
4,1 23
4,1 25
4,5 00

299
320
301
272

187
201
368
259

63
53
61
64

1,1 33

34
33
37
39

1,181
1,214
1,212
1,251

1.162
1,194
- 1,191
1,229

8
10
10
10

3
3
3
3

3
4
4
4

4
4
4
6

7,149
7,419
7,463
7,845

5,901
6,134
6,180
6,531

4,1 70
4,C 32
4,C 74
4,6 22

248
297
265
274

218
410
465
251

58
74
58
80

,2 87
,2 76
,2 64

35
34
41
40

1,248
1,285
1,282
1,313

1,218
1,253
1,245
1,280

10
10
10
10

3
4
4
6

4
3
1

14
15
23
18

7,293
7,431
7,251
8,010

5,983
6,112
5,941
6,672

4,2 36
4,2 38
4,1 67
4,7 81

227
288
240
299

296
343
200
222

62
79
66
85

,1 24
,1 25
,2 29
,2 46

37
39
38
40

1,310
1,319
1,311
1,337

1,275
1,287
1,278
1,313

10
10
10
8

6
6
6
6

19
16
16
10

1956 Apr. 10
June 30.
Sept. 26
Dec. 31

7,213
7,631
7,302
7,943

5,923
6,316
6,006
6,617

4,1 44
4,2 83
4,1 19
4,6 90

255
399
303
294

217
350
312
184

71
98
66
85

,2 00
,1 49
,1 69
,3 18

37
36
37
46

1,290
1,314
1,296
1,327

1,268
1,288
1,271
1,302

8
9
11
12

4
6
5
5

9
10
9
7

1957 Mar. 14
June 6
Oct. 11
Dec. 31

7,330
7,284
7,315
7,792

6,011
5,956
5,990
6,432

4,3 97
4,1 52
4,1 64
4,493

316
459
350
333

88
97
183
195

72
80
67
77

,1 00
,1 33
,. 86

38
35
39
40

1,319
1,328
1,325
1,360

1,296
1,298
1,297
1,332

12
10
10
10

4
4
3
3

6
15
14
14

1958Mar. 4
June 23
Sept 24
Dec 31

7,377
8,022
7,628
8,214

5,986
6,580
6,191
6,742

4,1 61
4,095
4,1 66
4,746

357
456
408
302

192
705
247
249

73
75
68
88

,1 67
.11
63
' 14

36
38
39
43

1,391
1,442
1,437
1,472

1,339
1,389
1,383
1,423

10
10
10
7

3
4
5
7

1
3
3
3

38
36
35
31

1951 Apr.June
Oct.
Dec.

1954

9
30
10
31

20
30
30.
31

Apr. 15
June 30
Oct. 7
Dec. 31

1955 Apr.
June
Oct.
Dec.

11
30
5
31

....

,: 75
33
,*3 39
,1 72

.93

1959

Mar 12
June 10
Oct
6
Dec 31

7,619
7,375
7,513
8,062

6,186
5,937
6,058
6,572

4,5 69
4,3 45
4,1 79
4,6 36

279
235
350
329

99
120
251
272

75
77
85
105

,1 20
,1 19
,1 52
,1 87

44
41
41
43

1,433
1,438
1,455
1,491

1,384
1,387
1,408
1,449

11
12
11
12

7
8
8
8

3
1
1
1

29
31
28
22

1960

Mar
June
Oct
Dec

15
15
3
31

7,496
7,692
7,792
8,197

6,056
6,237
6,265
6,606

4,3 64
4,3 01
4,026
4,499

253
283
366
298

223
335
530
327

83
85
104
102

,1 93
1,2.00
1,3 27

,c>91

43
40
39
53

1,440
1,455
1,527
1,591

1,400
1,401
1,458
1,521

9
8
7
7

8
4
4
2

1
1
5
6

23
42
54
55

1961

Apr
June
Sept
Dec

12
30
27
30 .

7,828
8,037
8,153
9,283

6,016
6,107
6,213
7,261

4,373
4,114
4,103
4,817

9
11
15
13

211
364
330
315

87
380
476
369

85
113
79
124

3
2

1,214
1,091
1,173
1,576

37
33
37
45

1,812
1,930
1,940
2,022

,389
,435
,437
,491

327
400
403
405

78
75
80
99

8
8
8
8

2
2
3
5

1962

Mar
June
Sept
Dec

26
30
28
28.

8,136
8,810
9,224
9,993

5,827
6,193
6,397
6,951

4,009
4,071
4,245
4,789

14
11
10
16

222
330
325
351

369
546
477
410

85
109
104
109

1
1
1
2

1,089
1,082
1,193
1,234

39
44
42
41

2,309
2,617
2,828
3,043

,641
,833
2,045
2,115

525
628
621
747

115
120
122
140

8
10
15
16

5
7
7
7

5
5

1963 Mar. 18
June 29
Dec 20

9,593
10,141
10,296

6,363
6,626
6,493

4,449
4,350
4,482

9
5
18

288
373
275

265
584
395

118
112
112

2
2
1

,189
,153
,167

44
47
43

3,231
3,515
3,804

2,212
2,320
2,430

791
881
958

157
161
207

49
130
185

7
6
6

9
11
13

5
5
4

1964 june 30
Dec. 31

10,630
11,807

6,514
7,206

4,307
4,911

11
18

311
312

587
396

114
122

2
2

,134
,387

47
59

4,116
4,600

2,558
2,720

1,090
1,395

239
245

199
213

5
5

17
13

8
9

1965 June 30
Dec. 31

11,699
12,475

6,922
7,437

4,527
5,188

15
14

276
328

699
345

109
126

2
1

,235
,376

60
59

4,777
5,037

2,881
3,006

1,420
1,516

262
263

181
210

5
4

10
19

17
20

1966 June 30
Dec. 31

12,385
12,673

7,158
7,751

4,763
5,561

18
14

336
286

680
310

131
146

1
1

,170
,361

59
71

5,227
4,923

2,777
2,634

1,815
1,639

261
267

329
356

2
1

28
15

12
10

Digitized for FRASER


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

5
4
4

6
5
5
9
10
13
13
12

S3

2.3 RESERVE CITY MEMBER BANKSCITY OF CHICAGOContinued


E. DEPOSITSC ontinued
[In millions of dollars]
Demand

Time
Interbank

IPC

Call date

Total
deposits

Total
IPC

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.

Certified
and
officers'
checks,
etc.

Domestic

Mutual
savings

Commercial

Interbank

IPC

Total
Foreign

Savings

Other
time

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.
and
postal
savings

Domestic
Mutual
savings

Commercial

Foreign

1967June 30
Dec. 30

12,814
13,985

7,107
7,951

5,050
5,738

11
13

307
283

299
267

169
217

2
2

1,207
1,356

62
77

5,707
6,034

2,548
2,508

2,325
2,524

343
377

470
602

1
2

12
9

9
12

1968 June 29
Dec. 31

12,701
14,526

7,081
8,334

5,284
6,077

16
13

277
245

93
257

192
207

1
1

1,159
1,445

61
89

5,619
6,192

2,401
2,170

2,377
3,083

311
292

509
624

2
2

10
11

10
11

1969 June 30
Dec. 31

13,035
13,264

7,834
8,622

5,627
6,260

17
13

321
268

274
175

228
229

1
1

1,297
1,580

69
96

5,201
4,642

2,004
1,862

2,484
2,096

295
451

391
216

10

11

15
2

1970 June 30
Dec. 31 .

13,266
15,042

8,131
8,875

5,582
6,199

15
14

326
240

347
282

178
210

1
1

1,606
1,852

75
77

5,136
6,166

1,820
1,875

2,251
3,303

657
371

390
568

13
46

3
3

For notes see end of Table 2.5 E.

Digitized for FRASER


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

2.4 RESERVE CITY MEMBER BANKS OTHER


A.

TOTAL ASSETS AND NUMBER OF BANKS


[Assets in millions of dollars]

Loans and investments

Call date

1939 Mar.
June
Oct.
Dec.

29
30 .
2
30

Total
assets

Balances with

Investments
Total

Loans

Total

U.S.
Other
Govt.
securities securities

Reserve
with
F. R.
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Cash
items

Bank
premises,
etc.

Other
real
estate

Customers'
liability
on
acceptances

Other
assets

Number
of
banks

17,779
18,426
19,133
19,687

11,624
11,756
11,880
12,272

4,936
5,004
5,127
5,329

6,688
6,751
6,752
6,944

5,005
4,991
4,999
5,194

1,683
1,760
,754
,749

2,459
2,735
3,053
3,118

342
318
323
348

2,106
2,210
2,485
2,485

12
12
11
7

584
755
745
828

328
324
324
321

216
213
206
198

24
23
20
28

84
81
87
83

347
346
345
346

1940 Mar 26
June 29
Dec. 3!

19,770
20,230
21,873

12,153
12,160
13,013

5,305
5,365
5,931

6,848
6,795
7,081

5,069
4,947
5,204

,779
,848
,877

3,336
3,759
4,027

364
334
396

2,632
2,679
2,741

6
3
3

671
700
1,110

319
320
322

188
181
165

24
21
20

76
72
77

345
344
348

1941 Apr. 4
June 30
Sept. 24
Dec. 31

22,195
22,908
23,817
24,430

13,494
14,013
14,588
15,347

6,165
6,498
6,861
7,105

7,328
7,515
7,727
8,243

5,440
5,700
5,914
6,467

,888
,815
,813
,776

4,107
4,125
4,359
4,060

361
385
425
425

2,859
2,793
2,885
2,590

1
3
3

792
1,011
987
1,439

321
320
321
325

160
154
147
134

21
23
21
24

78
80
82
82

346
348
350
351

1942_Apr. 4
June 30
Dec. 31

24,375
25,177
30,868

15,605
16,535
20,915

6,989
6,564
6,102

8,616
9,971
14,813

6,832
8,188
13,038

,784
,783
,775

4,221
4,254
4,940

348
357
365

2,703
2,279
2,202

3
3
3

931
1,205
1,916

326
324
319

131
126
115

24
22
14

84
72
80

352
353
354

1943 June 30
Oct. 18
Dec 31

33,999
38,242
37,359

24,677
28,826
27,521

5,533
6,539
6,201

19,144
22,287
21,321

17,417
20,616
19,682

,727
,671
,639

4,848
4,800
5,116

395
393
391

1,892
1,930
1,758

4
4
4

1,658
1,753
2,058

310
308
297

100
93
85

19
17
13

96
118
115

352
354
357

1944 Apr 13
June 30
Dec 30

38,140
40,687
44,332

28,676
30,943
33,603

5,997
6,761
6,822

22.680
24,182
26,781

21,009
22,484
25,042

1,671
1,698
1,739

4,998
5,109
5,687

442
399
441

1,784
1,922
2,004

4
5
4

1,723
1,810
2,101

295
288
278

79
75
66

18
18
22

121
118
124

357
355
356

1945 Mar 20
June 30
Dec. 31

43,862
47,180
51,898

33,452
36,572
40,108

6,346
7,155
8,514

27,106
29,417
31,594

25,304
27,523
29,552

1,802
1,894
2,042

5,836
5,882
6,326

470
396
494

1,874
2,029
2,174

5
7
9

1,752
1,814
2,283

277
273
272

64
58
55

16
13
23

114
135
155

359
360
359

1946 June 29
Sept. 30
Dec 31

48,873
48,021
47,523

37,675
36,706
35,351

8,862
9,814
10,825

28,813
26,892
24,527

26,585
24,614
22,250

2,228
2,278
2,276

6,332
6,278
6,337

399
471
532

1,858
1,777
1,923

12
25
25

2,083
2,250
2,836

274
279
279

55
54
54

31
29
43

154
152
141

355
356
355

1947June 30
Oct. 6
Dec. 31

46,368
47,947
49,659

34,611
35,792
36,040

11,441
12,495
13,449

23,170
23,297
22,591

20,845
20,884
20,196

2,325
2,413
2,396

6,274
6,764
7,095

470
494
562

1,864
1,835
2,125

10
8
7

2,623
2,507
3,276

285
290
300

54
56
51

26
40
50

151
161
152

353
353
353

1948 Apr. 12
June 30
Dec. 31

47,023
47,373
49,255

34,969
35,065
35,332

13,352
13,373
14,285

21,617
21,692
21,047

19,234
19,222
18,594

2,382
2,470
2,453

6,403
6,462
7,701

511
521
483

1,791
1,852
1,845

6
8
9

2,779
2,886
3,279

301
306
320

51
52
50

51
60
66

159
161
170

344
335
335

1949 Apr. 11
June 30
Nov. 1
Dec. 31

47,292
47,240
49,845
51,098

34,741
35,034
38,110
38,301

13,740
13,261
14,053
14,370

21,001
21,772
24,057
23,931

18,445
19,076
21,076
20,951

2,556
2,696
2,981
2,980

7,220
6,781
6,130
6,413

521
500
498
482

1,678
1,744
1,726
1,965

7
6
12
12

2,529
2,588
2,732
3,296

325
328
336
338

52
58
59
59

54
40
44
60

165
162
198
171

336
336
344
341

1950Apr. 24
June 30
Oct. 4
Dec. 30

49,720
50,987
52,005
55,369

38,287
38,697
39,433
40,685

14,493
14,868
16,574
17,906

23,794
23,829
22,859
22,779

20,612
20,510
19,268
19,084

3,182
3,319
3,591
3,695

5,988
6,206
6,331
6,806

520
428
538
519

1,686
1,747
1,858
2,206

12
15
37
40

2,597
3,242
3,140
4,428

343
343
350
355

61
72
74
76

43
53
84
71

182
183
160
184

338
336
337
336

Digitized for FRASER


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

i
w
w

2.4 RESERVE CITY MEMBER BANKSOTHERContinued


A. TOTAL ASSETS AND NUMBER OF BANKS Continued
[Assets in millions of dollars]

tn
Loans and investments

Balances with

Investments
Call date

Total
assets

Total

Loans

Total

U.S.
Other
Govt.
securities securities

Reserve
with
F. R.
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Cash
items

Bank
premises,
etc.

Other
real
estate

Customers*
liability
on
acceptances

Other
assets

Number
of
banks

1951 Apr.
June
Oct.
Dec.

9
30
10
31

53,004
53,870
55,453
58,654

39,594
39,991
41,098
42,694

18,537
18,558
18,962
19,651

21,057
21,432
22,136
23,043

17,328
17,659
18,361
19,194

3,729
3,774
3,775
3,849

7,339
7,438
7,544
7,582

530
446
600
639

1,786
1,808
2,107
2,356

35
32
21
16

3,013
3,451
3,389
4,606

356
362
368
373

80
81
87
88

95
72
74
105

177
189
165
195

325
324
320
321

1952 Mar.
June
Sept.
Dec.

31
30
5
31

56,758
57,799
58,518
61,941

42,242
43,091
43,900
45,583

19,555
19,745
20,401
21,697

22,687
23,346
23,499
23,886

18,692
19,123
19,169
19,624

3,995
4,223
4,329
4,262

7,664
7,312
8,046
7,788

553
551
507
651

2,078
2,083
1,737
2,419

17
16
16
15

3,415
3,964
3,503
4,671

383
393
396
406

87
86
86
86

118
87
84

no

203
217
243
213

320
319
319
319

1953 Apr. 20
June 30
Sept. 30
Dec. 31

59,670
59,587
60,944
63,547

44,666
44,352
45,906
46,755

22,094
22,150
22,493
22,763

22,572
22,201
23,413
23,993

18,144
17,756
18,959
19,559

4,429
4,446
4,453
4,434

7,743
7,420
7,499
8,084

583
609
626
568

1,918
2,150
2,071
2,463

19
19
20
22

3,926
4,250
3,980
4,788

416
421
432
441

86
87
87
86

98
77
99
114

214
203
224
225

321
321
319
319

1954 Apr.
June
Oct.
Dec.

15
30.
7
31

61 , 350
62,624
64,426
67,165

46,124
47,056
49,676
50,738

22,515
22,453
22,531
23,986

23,609
24,603
27,145
26,752

19,044
19,813
22,042
21,718

4,565
4,791
5,103
5,034

7,753
7,553
7,724
7,783

571
611
598
558

2,006
2,352
2,048
2,327

19
22
30
31

3,995
4,118
3,422
4,724

453
458
466
502

73
74
75
77

102
100
105
181

253
279
282
244

309
310
303
300

1955 Apr.
June
Oct.
Dec

11
30
5
31

66,396
66,293
67,017
70,478

50,758
50,596
51,323
52,459

24,530
25,654
27,042
28,622

26,228
24,942
24,281
23,837

20,899
19,697
19,093
18,826

5,329
5,245
5,188
5,011

7,639
7,359
7,607
7,727

655
634
626
638

2,079
2,232
2,022
2,515

30
37
29
35

4,207
4,435
4,391
6,078

518
526
540
567

80
86
89
91

144
109
111
98

285
280
280
270

297
297
294
292

1956 Apr.
June
Sept
Dec.

10
30
26
31

68,149
68,524
69,300
72,854

52,142
52,071
52,875
53,915

29,358
30,122
30,951
31,783

22,784
21,949
21,924
22,132

17,769
17,051
17,048
17,368

5,015
4,898
4,876
4,764

7,659
7,471
7,745
7,649

666
542
718
787

2,088
2,201
2,094
2,656

29
26
23
23

4,482
5,120
4,689
6,601

588
612
632
641

87
89
93
96

128
120
155
203

282
271
276
283

290
291
290
289

..

69,452
68,965
71,166
74,196

52,869
53,137
54,198
55,259

31,307
31,435
32,364
32,805

21 , 561
21 , 702
21 , 834
22,454

16,828
16,797
16,893
17,352

4,733
4,905
4,941
5,102

7,624
7,701
7,997
7,763

697
653
580
790

2,033
1,825
1,862
2,585

24
28
25
26

4,946
4,326
5,147
6,377

654
665
689
698

96
104
109
123

204
207
242
275

306
320
316
303

285
282
281
278

4 ......
23
24
31

71,805
76,155
75,976
79,781

55,226
59,273
59,327
60,558

32,054
32,851
32,830
34,003

23,172
26,422
26,497
26,555

17,942
20,436
20,455
20,645

5,229
5,986
6,041
5,910

7,523
7,576
7,540
7,472

628
707
744
768

2,046
2,277
2,077
2,670

24
26
35
37

4,876
4,858
4,852
6,753

714
738
747
762

127
135
139
142

310
237
195
231

330
329
321
387

278
280
277
274

77,338
77,952
78,255
81,443

59,788
60,812
60,624
61,621

34,379
36,315
37,890
38,686

25,408
24,497
22,734
22,935

19,485
18,663
16,954 i
17,292

5,923
5,834
5,780
5,643

7,722
7,350
7,635 !
7,532

722
750
702
681

2,087
2,110
2,064
2,381

31
35
33
43

5,532
5,365
5,661
7,574

785
800
832
840

141
146
143
149 i

185
182
186
219

344
402
375
403

273
273
270
265

77,527
78,780
79,363
83,464

58,853
59,750
61,144
62,953

38,589
39,534
39,820
40,002

20,264
20,216
21,325
22,950

14,886
14,921
15,993
17,396

5,378
5,295
5,331
5,554 \

7,342
7,482
7,148
7,354

710
740 !
684
753 :

2,276
2,229
2,130
2,610

6,676
6,886
6,421
7,910

850
872
900
921

158
168
169
172 !

259
234
269
298

368
378
450
452

226
224
218
217

81,719
82,141
84,480
90,815

63,203
63,670
66,473
68,565

40,027
39,747
41,021
42,379

23,176
23,923
25,452
26,186

17,462
18,053
19,291
19,748

5,713
5,870
6,161
6,438

6,986
7,104
6,987
7,533

851 i
654
921
858

2,074
2,071
2,059
2,542 \

36
41
47
42
47
54
58
79

6,686
6,647
6,017
9,204

965
982
996
1,018

185
189
193
194

290
300
301
321 !

431
470
476
501

206
205
205
206

1957_lViar 14
June 6
Oct 11
Dec. 31
1958 Mar.
June
Sept.
Dec.

1959= Mar. 12
June 10
Oct. 6
Dec. 31
1960 Mar
June
Oct
Dec.

15
15
3
31

1961Apr.
June
Sept,
Dec.

12
30
27
30

Digitized for FRASER


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

. ...

I
5

1962 Mar. 26
June 30
Sept. 28
Dec. 28

86 963
89 , 885
89,387
94 914

68,373
70,145
69,903
73,130

42,588
43,824
44,432
46, 567

25,785
26,321
25,471
26,563

18,779
18,627
17,769
18,398

7,006
7,694
7,702
8,165

7,445
7,406
7,435
7,671

897
764
771
1,021

2,137
2,111
2,081
2,253

69
57
52
73

6,017
7,264
6,971
8,520

1,036
1,070
1,081
1,099

202
192
188
190

302
323
305
373

486
554
599
584

206
206
193
191

1963 Mar. 18 .
June 29
Dec. 20

92 622
95,433
99 643

72,594
74,614
78 370

46,710
48,164
51 891

25,884
26,451
26,478

17,382
17,326
16,686

8,502
9,124
9,792

7,130
7,183
7,587

935
815
935

2,301
2,234
2,105

90
114
141

7,388
8,180
8,010

1,136
1,173
1,259

188
193
201

336
317
456

525
610
580

190
194
190

1964 June 30
Dec. 31

102,245
109 053

80,466
84 670

54,604
57,555

25,862
27,115

15,488
16,326

10,375
10,789

7,106
7,680

1,072
1,065

2,296
2,433

129
107

8,540
10,322

[96
v
1,->37

443
472

696
768

183
182

1965 June 30
Dec. 31.

110 063
116 350

87 225
91,997

61 079
65,117

26,146
26,880

14,030
14,354

12,116
12,526

7,274
7,700

1,149
1,139

2,202
2,341

95
84

9,145
9,883

1 582
I { 530

513
578

879
998

179
171

1966 June 30
Dec. 31

118 490
124,233

94,169
96,201

68,117
69 , 834

26,051
26,367

12,182
13,040

13,869
13,326

8,102
8,353

1,238
1,326

2,196
2,517

82
103

9,146
11,929

I ( $87
\ '769

660
716

1,209
1,319

170
169

1967 June 30
Dec. 30

125,891
136 988

99 , 850
106 086

70,155
73 933

29,695
32,154

12,455
14,667

17,240
17,487

8,084
8,618

1,131
1,452

2,165
2,805

89
105

10,754
13,888

1 i!45
1 857

80

688
678

1,287
1,420

166
163

1968June 29
Dec. 31

136,950
152 289

108,001
119,339

76,560
83,966

31,441
35,373

13,083
15,036

18,358
20,337

8,806
8,847

1,233
1 , 800

2,117
2,986

81
100

12,290
14,403

1.952
2 069

99
110

733
710

1,638
1,925

163
161

1969 June 30
Dec. 31

153,120
157,816

120,082
121,628

88,875
91,200

31,207
30,428

11,635
11,944

19,572
18,484

7,945
9,044

1,499
1,787

2,776
3,456

119
158

14,926
15,509

2,425
2,625

114
114

892
968

2,341
2,527

159
157

1970 June 30
Dec. 31

155,111
171,876

121,435
133,861

90,374
96,301

31,061
37,560

11,372
14,700

19,689
22,860

8,784
9,710

1,728
1,748

2,810
3,731

191
152

13,592
15,922

2,759
2 977

125
120

1,061
964

2,625
2,691

156
157

For notes see end of Table 2.5 E.

2.4 RESERVE CITY MEMBER BANKSOTHERContinued


B. TOTAL LIABILITIES
[In millions of dollars]
Deposits

Total
liabilities
and
capital

Total

1939 Mar. 29,.


June 30..
Oct. 2..
Dec. 30. .

17,779
18,426
19,133
19,687

15,856
16,499
17,197
17,741

1940^Mar.26..
June 29 . .
Dec. 31..

19,770
20,230
21 , 873

1941 Apr. 4..


June 30 . .
Sept. 24. .
Dec. 31 . .

U.S.
Govt.
and
postal
savings

Other
demand

2,985
3,104
3,495
3,686

442
434
424
449

7,910
8,408
8,762
9,004

4,519
4,553
4,517
4,602

17,810
18,231
19,844

3,696
3,676
4,076

443
439
346

9,071
9,475
10,691

22,195
22,908
23,817
24,430

20,143
20,813
21,712
22,313

4,180
4,162
4,486
4,460

291
360
402
511

1942Apr. 4..
June 30. .
Dec. 31 . .

24,375
25,177
30,868

22,240
23,046
28,700

4,379
4,191
4,957

1943 June 30..


Oct. 18..
Dec. 31..

33,999
38,242
37,359

31,782
35,974
35,070

4,870
4,947
4,874

Call date

Digitized for FRASER


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

Interbank

Other
time

Acceptances
outstanding

Borrowings

Capital accounts
Other
liabilities

Stocks
Total

Common

Preferred

Surplus

Demand deposits

Undivided
profits

Reserves
for
contingencies,
etc.

Adjusted

Net

26
26
24
32

99
89
91
85

1,795
1,812
1,821
1,828

655
656
657
658

141
139
135
137

653
658
661
671

225
233
238
238

122
126
130
125

7,326
7,654
8,017
8,176

8,570
8,904
9,397
9,756

4,600
4,641
4,731

28
26
24

99
100
101

1,833
1,873
1,904

657
658
660

126
136
127

678
698
721

246
246
251

125
136
145

8,400
8,774
9,581

9,845
10,133
11,173

10,929
11,490
12,048
12,557

4,742
4,800
4,777
4,786

26
29
24
28

110
125
133
121

1,917
1,940
1,948
1,967

662
665
668
678

124
123
113
111

726
738
747
764

258
263
266
260

148
152
154
154

10,137
10,480
11,060
11,117

11,659
12,117
12,974
13,406

651
441
2,004

12,620
13,720
16,765

4,590
4,694
4,974

29
26
16

120
120
123

1,981
1,985
2,028

682
683
683

108
101
100

769
781
804

263
265
279

159
155
163

11,689
12,515
14,849

13,937
14,796
19,548

2,414
6,274
3,430

19,061
19,005
20,713

5,437
5,748
6,053

22
19
16

124
131
138

2,071
2,112
2,135

685
686
693

96
94
92

821
833
889

297
325
283

172
175
177

17,403
17,251
18,654

20,435
20,336
21,843

6
2
6

s
w

2.4 RESERVE CITY MEMBER BANKSOTHERContinued


B. TOTAL LIABILITIESContinued

[In millions of dollars]

Total

1944 Apr. 13..


June 30..
Dec. 30 . .

38,140
40,687
44,332

35,785
38,295
41 , 804

1945 Mar. 20..


June 30 . .
Dec. 31 . .

43,862
47,180
51,898

1946June 29..
Sept. 30..
Dec. 31 . .

Deposits

Total
liabilities
and
capital

1
1
[

Acceptances
outstanding

Borrowings

Demand deposits

Capital accounts
Other
liabilities

U.S.
Govt.
and
postal
savings

Other
demand

4,633
4,858
5,524

4,029
6,498
6,197

20,719
20,215
22,368

6,404
6,724
7,715

22
21
26

144
162
175

2,186
2,207
2,327

699
705
725

89
86
79

901
932
1,023

313
315
319

183
169
180

18,996
18,405
20,267

21,913
21,419
23,859

41,197
44,515
49,085

5,205
5,631
6,448

4,298
7,694
8,259

23,488
22,496
24,655

8,207
8,694
9,723

70
3
2

21
16
26

179
195
218

2,395
2,450
2,566

738
788
815

74
71
68

1,044
1,063
1,132

354
336
350

185
192
201

21,735
20,682
22,372

25,139
24,361
26,727

48,873
48,021
47,523

45,893
44,952
44,477

5,376
5,242
5,570

4,574
3,012
1,034

25,566
26,099
27,057

10,377
10,600
10,816

27
30
4

38
35
49

239
272
265

2,676
2,731
2,729

849
905
908

48
45
43

1,180
1,130
1,175

401
448
400

198
202
203

23,483
23,849
24,221

27,062
27,383
27,940

1947June 30. .
Oct. 6. .
Dec. 31 . .

46, 368
47,947
49,659

43,252
44,734
46,467

4,903
5,524
5,649

353
835
450

26,789
27,087
28,990

11,207
11,288
11,378

11
35

30
45
59

279
286
288

2,796
2,847
2,844

921
924
927

32
30
30

1,201
1,208
1,228

440
479
461

202
205
198

24,166
24,580
25,714

27,510
29,053
29,637

1948 Apr. 12. .


June 30. .
Dec. 31 . .

47,023
47,373
49,255

43,721
44,149
45,943

4,680
4,909
5,400

834
770
848

26,961
27,202
28,351

1 1 , 247
11 , 268
11,344

60
3
8

58
69
73

316
283
303

2,869
2,870
2,928

929
928
935

28
27
22

1,230
,233
,261

482
499
530

199
183
179

24,182
24,316
25,072

27,863
28,101
29,425

1949 Apr.
June
Nov.
Dec.

11..
30. .
1..
31. .

47,292
47,240
49,845
51,098

43,884
43,852
46,218
47 , 559

4,675
4,665
5,285
5,713

1,064
764
1,244
1,202

26,682
26,859
28,142
29 , 040

11,463
11,565
11 , 548
11,604

47
73

60
46
50
70

321
336
395
381

2,980
3,005
3,108
3,087

965
965
978
980

22
22
22
18

,271
,281
,299
,352

541
557
625
564

181
180
185
173

24,153
24,271
25,410
25,744

28,164
27,868
30,120
30,610

1950 Apr.
June
Oct.
Dec.

24. .
30 . .
4. .
30. .

49,720
50,987
52,005
55 , 369

46,039
47,187
47,967
51,437

4,948
5,069
5,486
6,448

1,180
1,474
1,034
1,036

28,235
28,897
29,910
32,366

11,676 I
11,746
11,536
11,587

65
14
102

48
59
94
82

437
458
524
527

3,131
3,268
3,318
3,322

989
,026
,030
,036

16
15
15
15

,374
,459
,467
,557

577
598
629
579

175

177
135

25,637
25,655
26,770
27,938

29,999
30,360
31,332
33,114

1951 Apr.
June
Oct.
Dec.

9..
30. ,
10..
31 . .

53,004
53,870
55,453
58,654

48,953
49,874
51,197
54,466

5,264
5,264
6,289
6,976

2,488
2,340
1,547
1,209

29,729
30,518
31,397
34,094

11,472
11,751
11,964
12,187

93
g
125
4

111
82
80
115

505
475
572
548

3,342
3,431
3,479
3,521

,047
,075
,085
,093

14
14
14
11

,558
,595
,615
,675

595
623
639
623

129
123
127
120

26,716
27,067
28,008
29,489

32,554
32,719
33,588
35,160

1952 Mar. 31 . .
June 30 . .
Sept. 5 . .
Dee. 31 ..

56,758
57,799
58,518
61,941

52,290
53,425
53,299
57,357

5,678
5,908
6,176
7,001

2,160
2,188
1,597
1,920

32,066
32,666
32,742
35,281

12,386
12,664
12,784
13,156

158
25
750
8

125
90
88
117

596
597 j
695 !
715

3.590
3; 663
3.685
3,745

,119
,135
,137
,154

10
13
12
7

,704
,740
,755
,828

638
658
660
638

119
118
120
118

28,651
28,703
29,239
30,609

34,244
34,538
35,090
36,912

1953 Apr.
June
Sept.
Dec.

59,670
59,587
60,944
63 , 547

54,391
54,861
55,713
58,663

5,874
6,066
6,233
7,254

1,325
1,461
2,166
1,602

33,832
33,694
33,558
35,773

13,360
13,640 I
13,755 1
14 033 1

563
17 !
354

106
85
105
f

804
750
855
778

3,806
3,874
3,917
3 984

,172
,186
,191
t 21I -

7
7
7 I
~i

1.842
1 i 890
l|905
i Q7n

669
677
700 !1
690

116
115
114
105

29,906
29,444
29,578
30,986

34,978
34.609
35;
683
^7 '^

1,448
2,113
2,556
1,568

33.930
34;058
34,234
37,418 |l

14.503 !
14,859
15,162
15,365

234
11
204
3

109 I
105
108
185

779
718
864
881

4.067
4,124
4,226
4,300

,234
,244 f.
,263
1,287 '

7
6
6
6

2.006
2; 021 1
2.075 \
2,164 |l

712
738 i
768 1
740

109
114
114
103

29,935
29,940
30,812
32,694 |

35.386
36; 04 I
38,065
39,046

850 |!
786 !|
922
918 !

4.400
4,492
4,579
4,641

1,342
1,371
,382
,409

6 >
6 ,
6
6

2,204
2,251 j
2,278 !
2,360

747
765
813 '
777

101
99
1 01
90

32,071
38,317
32,024 i; 37,918
32,243 1 38,157
33,757
39,750

964 ,
925 1
1,065 i
1,022
'J

4.823
4 902
5.001
5",076

6
6 I
6
6 1
I

2,502
2,530 II
2,577 !
2,650 :
I

756
795 i
834 i
816
1

93
94
94
82

Call date

20..
30..
30..
31

Interbank

Other
time

\J >

J 954 Apr.
June
Oct.
Dec.

15..
30..
7..
31..

61 , 350
62,624
64,426
67,165

56,161
57,665
59,024
61,796

6,280
6,636
7,071 !
7,444

1955 Apr.
June
Oct.
Dec.

11..
30. .
5..
31 . .

66,396
66,293
67,017
70,478

60,600
60,854
60,878
64,733

6,813
6,545 I
6,903 \
7,446

1,891
1,961
1,431
1,394.

36,278 \ 15,619 I
36,459
15,889
36,635 ; 15,909 ;
39,835
16,058

398
50
524
82;

147 \
111 j
115
105

1956 Apr. 10. .


June 30. .
Sept. 26..
Dee. 31 . .

68,149
68,524
69,300
72,854

61 , 556
62, 392
62,481
66, 524

6,872
6,633
6,766
7,878

1,440
2,030
1,987
1,315

37,124 !
37,324 ':
37,260
40,647
:
.

669
179
589
21

138
126
164
211

Digitized for FRASER


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

16,120
16,406
16,468
16,685
i

Stocks
Total

Common

,466 !
,477
,490 i
S 522

Surplus

Preferred

Undivided
profits

Reserves
for
contingencies,
etc.

no

Adjusted

32,641 i
32,203
32,570
34,046

Net

38,535
38,282
38,824
40,190

Hg

1957 Mar. 14. .


June 6. .
Oct. 11..
Dec. 31..

69,452
68,965
71,166
74,196

62,493
61,796
63,793
67,483

6,422
6,228
6,684
7,542

819
1,171
1,416
1,471

38,119
36,874
37,619
39,960

17,133
17,522
18,074
18,510

592
681
743
21

212
213
252
281

,054
,093
,094
,042

5,101
5,182
5,285
5,370

1,548
1,550
1,573
1,605

6
6
6
6

2,651
2,668
2,667
2,752

816
875
958
924

80
83
81
83

33,173
32,549
32,473
33,583

37,988
37,703
38,295
39,611

1958Mar. 4..
June 23..
Sept. 24..
Dec. 31 . .

71,805
76,155
75,976
79,781

64,450
68,672
67,918
72,647

6,879
6,813
7,177
7,884

1,363
3,242
1,613
1,553

37,127
38,003
38,243
42,259

19,081
20,615
20, 885
20,951

423
350
947
14

316
243
200
237

,184
,274
,236
,124

5,433
5,617
5,675
5,760

1,612
1,643
1,664
1,675

7
7
7
7

2,760
2,802
2,862
2,997

963
1,065
1,040
977

91
100
102
103

32,251
33,145
33,392
35,505

37,953
40,436
39,624
41,792

1959 Mar. 12..


June 10. .
Oct. 6. .
Dec. 31 . .

77,338
77,952
78,255
81,443

69 , 373
69,382
69,921
73,675

6,825
6,811
7,124
7,753

875
980
1,804
1,793

40,390
39,990
39,548
42,668

21,283
21,601
21,445
21,460

654
1,141
876
238

192
187
191
226

,287
,312
,215
,197

5,833
5,930
6,052
6,106

1,741
1,757
1,803
1,821

7
7
7
7

3,043
3,065
3,105
3,138

946
1,000
1,048
1,054

96
101
89
87

34,858
34,625
33,887
35,095

40,054
39,840
40,365
41 , 878

1960 Mar. 15..


June 15..
Oct. 3..
Dec. 31 . .

77,527
78,780
79,363
83,464

68, 861
69,887
70,351
75,067

6,716
6,870
7,122
8,315

1,565
2,399
2,594
2,045

40,060
39,759
38,941
42,267

20,520
20,859
21,695
22,440

1,045
870
697
73

263
239
272
304

,290
,603
,699
,597

6,069
6,181
6,343
6,423

1,828
1,845
1,866
1,879

6
6
6
6

3,118
3,137
3,201
3,331

1,036
1,117
1,196
1,131

80
76
75
77

33,385
32,873
32,519
34,357

39,079
39,605
39,729
41,717

1961 Apr. 12..


June 30. .
Sept. 27..
Dec. 30. .

81,719
82,141
84,480
90,815

72,699
73,557
74,956
81 , 883

7,151
6,397
6,850
8,412

777
2,342
3,011
2,213

40,718
39,721
39,409
44,986

24,053
25,098
25,687
26,271

642
131
844
81

292
304
306
328

,493
,465
,599
,526

6,592
6,684
6,775
6,997

1,953
1,967
1,977
2,024

7
7
7
7

3,406
3,439
3,468
3,732

1,143
1,186
1,232
1,143

83
87
92
92

34,393
33,432
33,745
36,187

39,752
39,613
41,056
43,718

1962 Mar. 26..


June 30. .
Sept. 28..
Dec. 28..

86,963
89,885
89 , 387
94,914

77,276
80,631
79,687
84,248

6,765
6,697
6,969
7,559

2,546
3,780
3,096
2,420

39,769
40,601
39,855
43,609

28,196
29,554
29,767
30,660

752
240
638
1,388

305
328
309
376

,559
,484
,585
,639

7,070
7,201
7,168
7,263

2,073
2,086
2,046
2,050

7
7
7
7

3,788
3,830
3,799
3,894

1,109
1,184
1,225
1,219

93
95
92
93

34,137
33,710
33,232
35,481

40,783
41,556
40,754
42,740

1963 Mar. 18..


June 29..
Dec. 20. .

92,622
95,433
99,643

82,100
85,555
87,994

7,155
6,922
7,320

1,945
3,862
2,283

40,922
41,291
43,459

32,078
33,479
34,932

1,038
407
1,416.

341
323
460

1,849
1,708
2,076

7,294
7,440
7,697

2,076
2,093
2,124

7
7
82

3,937
3,989
4,105

1,180
1,256
1,285

95
95
101

33,917
33,502
35,859

40,263
41 , 573
42,905

1964 June 30.. 102,245


Dec. 31.. 109,053

91,145
97,145

7,012
8,423

3,840
2,272

42,387
46,883

37,906
39,568

572
841

453
476

1,965
2,103

8,110
8,488

2,248
2,256

269
477

4,179
4,268

1,328
1,400

87
86

34,281
37,047

42,390
44,838

1965June 30. . 110,063


Dec. 31 . . 116,350

97,418
103,034

7,342
8,628

4,400
1,844

42,971
47,092

42,706
45,470

1,271
1,548

518
584

2,083
2,178

8,774
9,007

2,327
2,375

586
641

4,294
4,375

1,461
1,505

105
111

34,279
37,703

43,241
45,260

1966 June 30. . 118,490


Dec. 31.. 124,233

104,323
109,173

7,367
8,826

4,032
1,690

44,519
49,004

48,405
49,653

1,756
1,952

672
720

2,441
2,915

9,297
9,472

2,404
2,437

692
672

4,410
4,456

1,624
1,738

169
169

35,856
37,572

44,509
44,877

1967June 30.. 125,891


Dec. 30. . 136,988

HO, 614
120,847

8,037
9,684

1,958
1,795

46,396
53,289

54,223
56,080

2,109
2,555

696
682

2,717
2,871

9,755
10,033

2,507
2,522

729
750

4,583
4,807

1,761
1,739

175
215

36,147
39,957

43,208
47,886

1968-=June 29.. 136,950


Dec. 31 . . 152,289

118,470
132,638

8,430
10,488

1,517
2,052

50,394
57,449

58,129
62,648

3,720
4,239

743
714

3,666
4,015

10,351
10,684

2,600
2,661

788
851

4,911
5,114

1,851
1,858

201
199

38,667
43,674

45,571
52,199

1969 June 30.. 153,120


Dec. 31 . . 157,816

125,451
126,536

9,187
10,905

2,333
1,660

54,079
58,923

59,852
55,048

7,311
9,881

902
979

8,290
8,956

11,166
11,464

2,794
2,833

902
855

5,184
5,268

2,082
2,294

203
213

39,781
44,169

47,564
52,255

1970 June 30.. 155,111


Dec. 31 . . 171,876

123,895
140,661

9,803
11,909

3,182
2,769

53,317
59 , 328

57,593
66,655

9,779
10,391

1,073
970

8,495
7,633

1 1 , 868
12,221

2,918
2,976

890
910

5,246
5,520

2,591
2,574

223
240

40,393
44,093

49,641
54,225

For notes see end of Table 2.5 E.

Digitized for FRASER


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

w
td
>
I

2.4 RESERVE CITY MEMBER BANKS OTHER Continued


C.

1
w

LOANS

[In millions of dollars]

To farmers
Cal! date

Total
loans

Commercial

Guaranteed
by

Other

ccc

I939=Mar 29
June 30
Oct. 2
Dec 30

For purchasing
or carrying
securities

To
brokers
and
1 dealers

To
others

Other loans to individuals

To financial
institutions

Real estate
Instalment

Banks

Other

c
I

Total

On
farm
land

On
residential
property

Repair
and
modernization

Total
Retail
auto

Other

Other

Other
retail

Other

Singlepayment

17
12

1 ,249
I 284

93
96

793
811

363
377

1 066
1,116

9'

i 335

94

862

379

i , 1 68

1,372
1,436

92
91

905
965

375
381

1,224
1,307

I T 477

87

1,020

370

i 457

1,527

80

1,087

361

1 508

1 ,524
1,486

80
66

1,102
1,117

342
303

808

109

126

93

4,936
5,004
5,127
5,329

2,033
2,022

228
234

115
115

228 i
221

2,256

221

119

222

1940 Mar. 26
June 29
Dec. 31

5 305
5,365
5,931

2,290
2,589

176
263

87
115

210
207

1941 Apr. 4
June 30
Sept 24
Dee 3 1 . . .

6 165
6,498
6 861
7,105

3,081

175

100

198

...

3,456

300

114

194

. .

1942=Apr. 4
June 30
Dec. 31

6,989
6,564
6,102

3,318
2,957

78
97

177
153

3
4

1943 June 30
Oct. 18
Dec. 31

5,533
6,539
6,201

1944 Apr. 13
June 30.
Dec. 30

6 ...
15

.
i

162

I!>2

128

. .'

f
480

1 312
'308

2,652

88

117

107

157

1 ,465

64

1,124

277

670

63

90

77

440

270

3,058

158

121

217

267

13 . . . .

1 ,420

54

1,110

256

658

57

74

72

455

288

5,997
6,761
6,822

2,787
3,034

159
234

118
115

409
311

903
111

J3
14

1 385
1,379

60
47

. .
1,085
1,096

239
236

650
660

ei

66

68'
76

"75
79

447
439

337
299

1945Mar. 20
June 30
Dec. 31

6,346
7,155
8,514

2,883
3,661

H\
65

133
139

37 1
427

1,147
1,503

17

1,378
1 ,459

51
52

1,098
1,145

229
261

757
855

.
71
87

85
112

92
110

508
546

306
387

1946- June 29
Sept. 30
Dec 31

8,862
9 814
10,825

3,932 '

32

165

321

1,142

12

1,743

59

1,350

334

1 ,073

130

5,548

17

183

264

704

18

2 237

67

1,738

432

1,436

181

1947 June 30
Oct. 6
Dec 31

11,441
12,495
13,449

5,726

194

185

540

16

2 713

74

2,156

483

1 ,675

272

179

7,088

218

170

484

15

3 147

74

2,547

526

1 ,969

342

233

1948 Apr. 12
June 30
Dec. 31

13,352
13,373
14,285

6,823
7,282

3
161

258
276

126
130

428
360

ii

3,333
3 503

80
80

2,707
2,834

547
589

2,158
2,315

438
520

274
314

1949 ^Apr 11
June 30
Nov
1
Dec. 31

!3 740
13,261
14 053
14,370

6,227

111

268

150

321

io

3 559

82

2,875

602

2,408

601

315

6,704

207

250

183

309

J2

3 742

83

3,030

630

2,745

718

385

391

1950 Apr. 24
June 30
Oct. 4
Dec. 30

14 493
14,868
16,574
17.906

6,596
7,688
8.646

90
49
59

277
304
334

201
16H
207

324
371
386

12
3!
16

4 029
4 219
4.423

84
S5
86

3,337
3,513
3.652

608
640
685 '

3.H8
3,453
3.498

889
1,011
1.012

461
542
550

421
457
468

Digitized for FRASER


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

Reserve
for
bad
debts

14

....

145

625

441

181

787

418

172

230

822

389

238

260

897

351

275
306

282
298

889
878

352
398

330

303

860

375

167

304

948

420

203

323
345
335

1,024
1,097
1.133

436
490
587

215
219
249

172
150

i36

125
153

1951 Apr. 9
June 30
Oct 10
Dec 31

18,537
18 558
18 962
19 651

1952 Mar
June
Sept
Dec

19 555 10021
19 745
9 756
20 401 10 000
21 697 ' 10*842

31
30
5
31

9,336
9 254
9 578
10 140

23
5
16
14

356
420
457
499

195
164
153
203

363
362
345
347

55
37
35
20

4 453
4 558

10
2 (
16
23

476
516
525
478

149
258
202
218

333
354
414
422

119
26
119
28

4 651

88
94
100
93

3 673
3 757
3*793
3 820

692
707
718
738

3,431
3 456
3*474
3 518

980
985
1 004
977

500
486
441
457

456
465
484
500

342
345
356
372

1
1
i
1

153
176
189
212

575
559
554
552

250
256
260
294

4 679
4*799
4 923
5 099

95
98
98
99

3 836
3 952
4 058
4*199

748
749
768
802

3 522
3 805
3*957
4 347

962
1 093
I 143
1 300

451
472
507
599

498
549
581
637

396
419
429
460

1
1
1
1

216
273
297
352

546
532
551
567

301
303
305
329

1953 Apr 20
June 30
Sept. 30
Dec. 31

22 094
22 150
22 493
22,763

10768
10 609
10,718
10,568

14
5
37
401

445
464
441
374

211
229
203
308

440
424
409
456

129
49
194
40

5 181
5 270
5 358
5,453

101
103
102
97

4 264
4 336
4 426
4,509

816
831
830
846

4 638
4*849
4*922
4,942

1 450
1 558
1 635
1,616

659
684
678
681

648
680
702
719

484
496
496
487

1 397
1 431
1 410
1,439

601
596
556
572

333
344
345
350

1954 Apr
June
Oct
Dec.

15
30
7
31

22 515
22,453
22 531
23 986

10 145
10,010
10 128
10 624

588
556
87
591

346
398
410
366

287
326
346
407

449
468
523
622

187
31
99
50

5 540
5,639
5 860
6 134

100
98
101
103

4 552
4,630
4 804
5 023

887
910
955
1 009

4 759
4,797
4 825
4 912

1 546
1,549
1 538
1 542

612
601
579
578

694
693
702
691

472
478
498
498

1 435
1,476
1 508
1 602

573
598
627
670

357
369
374
389

1955 Apr. 11
June 30
Oct. 5
Dec. 31

24 530
25 654
27 042
28 622

10 752
11,210
12 040
13,212

401
252
73
110

388
449
470
457

379
444
508
542

602
651
658
696

234
164
365
163

6 339
6 603
6 727
6 962

115
126
132
142

5 168
5 343
5 433
5 610

1
1
1
I

5 130
5 500
5 834
5 916

1 660
1 855
2 076
2 162

564
598
607
619

661
672
702
721

537
572
572
560

1 708
1 802
1 877
1*854

702
789
779
1 017

398
407
412
453

1956 Apr. 10
June 30
Sept. 26
Dec. 31

29 358
30 122
30 951
31,783

13,615
13 978
14 267
15,170

70
31
35
46

440
490
501
443

539
502
455
501

689
676
683
712

391
220
535
201

7 121
7 357
7 573
7,654

138
138
138
133

5 743
5 930
6*089
6^115

1 240
1 289
1 346
1,406

5 998
6 306
6 377
6,512

2 210
2 275
2 303
2,295

614
697
726
772

708
747
775
811

592
598
603
610

1 874
1 988
1*970
2,023

963
1 044
1 013
1,088

469
483
487
544

1957 Mar. 14
June 6
Oct. 11
Dec. 31

31,307
31,435
32,364
32,805

14,798
14,919
15,378
15,702

34
7
8
12

429
488
494
482

443
496
610
603

679
672
659
673

474
295
346
236

7,569
7,481
7,533
7,667

130
128
130
129

6,039
5,963
5,955
6,018

1,400
1,390
1,449
1,520

6,446
6,630
6,801
6,893

2,301
2,376
2,445
2,470

757
763
793
808

790
798
834
838

619
633
657
680

1,980
2,060
2,072
2,097

995
1,005
1,102
1,134

558
559
565
596

32,054
32,851
32,830
34,003

14,639
14,789
15,069
15,808

15
19
41
47

489
592
636
622

705
881
435
518

712
904
811
851

748
603
577
191

7,645
7,841
8,080
8,405

127
132
138
140

5,986
6,094
6,288
6,503

1,531
1,615
1,653
1,761

6,627
6,741
6,708
6,930

2,390
2,344
2,325
2,332

733
715
657
703

807
823
847
865

670
723
743
765

2,025
2,136
2 135
2,265

1,079
1,103
1 109
1,301

603
622
636
668

1959 Mar. 12
June 10
Oct. 6
Dec. 31

34 379
36,315
37 890
38,686

15,637
14,285
14 768
15,252

20
7
3
5

649
746
782
760

438
404
428
580

846
860
782
776

480
714 ' 2 "635
2 944
753
3 369
235

8 698
8,986
9 212
9 251

147
150
155
151

6 758
6 969
7 117
7097

1 793
1,867
1 940
2,003

6 985
7,513
7 946
8,211

2 375
2 558
2 738
2 770

703
717
766
831

854
896
970
999

797
891
994
1 030

2 256
2 450
2 478
2 583

1 307
848
967
980

680
683
694
733

1960^Mar. 15
June 15
Oct. 3
Dec. 31

38,589
39 534
39 820
40,002

15,355
15 778
15,864
16,223

2
1
48
127

723
803
812
760

462
511
597
719

724
713
738
739

885
924
935
351

3,088
3 184
3,083
3,216

9 054
9 036
9 042
9,005

148
156
152
152

6 936
6 860
6 812
6,733

1,970
2 020
2,078
2,120

8,057
8 430
8,570
8,721

2 759
2 904
2 958
2,941

815
826
837
840

961
997
1 043
1 044

1
1
1
1

2 493
2 627
2 614
2 757

969
892
864
909

731
739
734
769

1961 Apr. 12
June 30
Sept. 27
Dec. 30

40 027
39,747
41,021
42 379

15 910
15,862
16,190
16 879

153
87
50
218

793
876
884
858

553
610
682
976

712
749
704
784

930
344
1,140
470

2 650
2,751
2,893
3,261

9 106
9,256
9,406
9 590

158
162
165
172

6 780
6,883
6,988
7 113

2 168
2,211
2,253
2,304

9 030
8,954
8,934
9,172

2 846
2,890
2,886
2 959

1 199
1,033
919
881

996
1,010
1,022
1 020

1 170
1,179
1 189
1 181

2 820
2,843
2,919
3 131

959
1,028
909
998

768
771
771
827

1962 Mar. 26
June 30
Sept 28
Dec. 28

42,588
43 824
44 432
46 567

16,690
17,077
17 092
17,660

242
215
248

873
969
967
931

912
888
926
1,053

749
727
705
752

1,179
556
797
1,020

2,872
3,148
3 205
3,583

9,748
10,272
10 674
11 030

185
212
218
229

7,122
7,479
7 774
8 003

2,440
2,582
2,682
2,798

9,177
9,682
9 650
9,860

3,003
3,222
3 270
3 367

839
831
809
849

988
1 006
1 015
1 020

1,186
1 263
1 292
l'333

3,162
3 360
3 264
3 291

980
1 129
1 177
I 266

835
838
824
836

1963-=Mar. 18
June 29
Dec 20

46 710
48,164
51 891

17,555
17,805
18 862

241
199
151

938
1,045
1 068

1,159
1,090
1,243

767
786
891

1,128
751
1,224

3,409 11 252
3,886 11,683
4 286 12 525

235
261
278

8,159
8,430
8 888

2,858
2,992
3,359

9,894
10,464
11 106

3,427
3,686
3 939

853
883
926

997
1,034
1 086

1 346
1 426
1 508

3 271
3,435
3 646

1 284
,380
462

917
926
927

1964 June 30
Dec. 31

54,604
57 555

19,624
21,102

47
58

1,126
1 037

1,155
1,060

970
986

953
1,134

4,706 13,207
4 887 13 611

321
294

9,338
9 480

3,548
3,838

12,063
12,802

1,077
4,302
4 568 -1 159

1,074
1 103

1,572
1 640

4,037
4 332

,753
977

1 000
1 099

1965 june 30
Dec. 31

61 079
65,117

22 817
24,784

63
52

1 151
1,154

978
954

1 034
1,108

1,241
1,106

5 076
5,820

14 213
15,056

296
304

9 743
10,310

4,174
4,442

13 636
14,305

4 925
5,143

1 218
1,327

1 083
1,129

1 781
1,899

4 629
4,807

981
,999

1111
1,222

1966June 30
Dec. 31

68,117
69,834

26,903
28,090

899
1,084

1,123
1,079

1
1,100
1

5,911
5,748

15,629
16,044

294
306

10,602
10,777

4,733
4,961

14,672
14,375

5,294
5,189

1,347
1,441

1,123
1,155

1,953
1,982

4,955
4,608

,857
,968

1,232
1,307

O 1958 Mar. 4
^
June 23
Sept. 24
Dec. 31

Digitized for FRASER


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

61

(2)

1,255 ;
1,251

1,502

055
133
162
210

029
076
118
139

2.4 RESERVE CITY MEMBER BANKSOTHERContinued


C.

LOANSContinued

td

[In millions of dollars]

For purchasing
or carrying
securities

To farmers
Call date

Total
loans

Commercial

Other

To
brokers
and
dealers

To
others

Banks

(2)
(2)
2
((2))
(2)

1,360
1,311

695
881

1,064
1,143

(2)

1,414
1,362

758
1,116

1,512
1,386

(2)

1,478
1,428

Guaranteed
by

ccc

1967June 30.. 70,155


Dec. 30. . 73,933

28,887
30,609

1968 June 29 . . 76,560


Dec. 31.. 83,966

31,720
34,632

1969June 30.. 88,873


Dec. 31 . . 91,200

37,120
37,701

1970-June 30.. 90,374


Dec. 31 . . 96,301

37,502
38,627

(2)

Other loans to individuals

To financial
institutions

Real estate
Instalment

On
residential '
property

Other

299
287

10,848
1 1 , 522

4,952
5,160

14,548.
15,047

5,152
5,074

17,861
18,939

310
286

11,959
12,695

5,593
5,958

15,625
16,916

5,816
6,006

19,417
19,706

297
274

13,164
13,509

5,955
5,923

5,981
7,015

19,536
19,848

265
251

13,302
13,444

5,970
6,154

Other

Total

539
578

5,323
5,446

16,098
16,969

1,206
1,254

513
588

5,196
6t005

760
878

1,360
1,300

885
876

588
910

1,152
1,322

689
798

On
farm
land

Total

Other

Reserve
for
bad
debts

Repair
and
modernization

Other

Singlepayment

1,523
1,804

1,124
1,142

1,981
2,035

4,768
4,99?

12,966
13,36?

1 , 327
1,419

5,298
5,525

1,965
2,286

1,100
1,159

2,232
2,440

5,029
5,506

13,726
14,716

1,459
1,564

17,354
17,569

5,713
5,616

2,475
2,950

1,183
1,171

2,544
2,543

5,438
5,289

14,652
15,778'

1,611
1,841

17,156
17,322

5,287
5,153

3.166
3|572

1,135
1,140

2,545
2,715

5,023
4,743

1,840
1 , 856

Retail
auto

Other
retail

6,292
19,031

For notes see end of Table 2.5 E.

2A RESERVE CITY MEMBER BANKSOTHERContinued


D.

O
OS

INVESTMENTS

[In millions of dollars]


U.S. Govt. securities

Direct

Call date

Total
investments

Notes, maturing-

Total

Bills

Within
1 year

Total

After
1 year

Within
1 year

1-5

5-10

3,105
3,010

233
273

1,049
1,224

1,230
1,091

63

819

3,339

267

1,311

1,403

87
103

839
771

3,052
3,281

239
470

1,179
922

1,417
1,712

3,859

314

1,222

4,248

359

5,149
6,810

418
823

4,181
4,102
4,089
4,222

1940Mar, 26..
June 29..
Dec. 31 . .

6,848
6,795
7,081

4,107
3,978
4,155

1941 Apr.
June
Sept.
Dee.

4. .
30. .
24..
31..

7,328
7,515
7,727
8,243

4,393
4,538
4,668
5,294

295

1942Apr. 4. .
Digitized for FRASER June 30. .
Dec. 31..
http://fraser.stlouisfed.org/

8,616
9,971
14,813

5,781
7,383
12,227

579
1,441

Over 20
years

10-20

977
1,014

6,688
6,751
6,752
6,944

Federal Reserve Bank of St. Louis

Marketable, maturing

100
78

29..
30. .
2..
30..

1939 Mar.
June
Oct.
Dec.

Certificates

Bonds

Nonmarketable

606
751

674
2,253

981
1,723

I
!

1
Federal j
agency i

Corporate
stock
(including
F. R.
Bank
stock)

Other

823
889
909
972

823
895
897
890

704
710
701
705

156

217
178

963
969
1,049

928
981
984

7(X)
715
740

!51
152
153

2,i2G

203

1,278

2,234

377

1 S 047
1,162
1,246
1,173

1,034
979
975
956

705
688
694
680

149
148
144
140

1,789
3,252

2,544
2,349

39i i
378

1,051
806
811

941
925
954

707
722
691

137
136
130

593
422
. . . .
357

i
73 i.

Guaranteed

Securities
of
States,
etc.

Other bonds,
notes, and
debentures

8
9

III
155

2,626

3,529

1,828

8,576

1,680

3,630

2,829

429

10

857

1,802

4,691

2,497

9,943

1,993

5,522

1,930

485

12

749

942
938
913

662
613
608

123
120
118

21,009
22,082
24,601

1,914
1,704

5,586
5,730

3,893
5,181

16,689
11,987

1,764
2,000

6,400
7,471

1,982
1,947

515
539

27
30

402
440

933
963
1,000

621
620
627

116
116
113

27 106
29,417
31,594

25,304
27,513
29,547

1,320
- 1,034

6,598
6,982

5,689
5,653

13,906
15,878

2,308
2,744

8,997
10,380

1,814
2,173

743
533

45
47

10
5

,034
,100
,126

655
680
809

114
114
108

1946 June 29 . .
Sept. 30
Dec. 31..

28,813
26 892
24,527

26,578
24,614
22,246

410

6,038

4,014

16,116

3,192

10,332

1,910

632

49

441

3,799

1,993

16,013

3,887

9,274

2,176

628

48

,194
,269
,272

928
918
916

106
90
88

1947 June 30..


Oct. 6 .
Dec. 31..

23,170
23 297
22,591

20,842
20,884
20,193

334

3,038

1,503

15,967

4,364

8,636

2,240

680

47

373

2,358

1,901

15,560

5,445

6,968

2,330

604

213

,364
,390
,342

872
933
964

90
90
90

194g Apr. 12
June 30..
Dec. 31..

21 617
21,692
21,047

19 234
19,220
18,593

783
1,056

3,244
3,201

1,501
1,090

13,692
13,247

3,820
5,870

6,919
4,464

2,211
2,185

539
489

203
240

3
1

343
,446
,421

950
935
942

89
89
90

1949 Apr
June
Nov
Dec.

11
30. .
1
31..

21 001
21,772
24 057
23,931

18 445
19,076
21,076
20,951

875

3,367

603

14,230

8,008

2,795

2,507

688

232

1,189

4,180

2,124

13,457

8,483

2,317

1,616

783

258

471
,559
742
]727

995
,046
,144
J59

91
91
95
95

1950Apr.
June
Oct.
Dec.

24..
30. .
4. .
30. .

23,794
23 829
22,859
22,779

20,612
20,510
19,267
19,083

1,179
1,211
1,218

1,954
699
499

4,005
5,053
5,536

13,372
12,303
11,830

8,711
7,586
7,223

2,595
2,658
2,531

942
948
966

857
863
855

267
249
254

1
1

1 918
1,988
2,119
2,184

167
231
,367
,410

96
99
105
101

1951 Apr 9
June 30. .
Oct. 10. .
Dec. 31..

21 057
21,432
22,136
23,043

17 328
17,657
18,354
19,186

920
1,177
1,680
2,524

1,069
2,017
2,493

5,169
4,665
3,806
3,640

11,238
10,746
10,851
10,528

6 783
6,611
6,684
6,416

2,484
2,166
2,166
2,145

964
978
993
981

758
744
732
737

250
247
276
250

1
1
7
8

2 281
2^318
2,384
2,458

,347
"288
,286

102
103
103
104

1952 Mar.
June
Sept.
Dec.

31..
30. .
5..
31 . .

22,687
23,346
23,499
23,886

18,682
19,107
19,157
19,610

2,023
2,080
1,503
2,387

2,550
2,520
2,171
1,774

3,594
3,656
3,679
3,854

10,515
10,851
1 1 , 805
1 1 , 594

6,274
6,270
6,286
6,030

2,326
2,510
3,436
3,551

978
1,099
1,110
1,742

685
715
707

252
257
265
272

10
16
12
14

2,670
2,832
2,925
2,934

,218
,284
,296
,213

106
108
108
115

1953 Apr.
June
Sept.
Dec.

20
30..
30. .
31..

22 572
22,201
23,413
23,993

18 123
17,733
18,935
19,534

,273
,344
,167
,230

1,475
1,453
3,494
3,357

3,688
3,542
4,335
4,201

1 1 , 687
11,393
9,939
10,746

6,060
6,680
5,145
5,644

3,576
2,930
3,058
3,391

,781
,479
,443
,430

36
27
27

270
268
266
254

21
23
24
25

3,188
3^220
3,196

124
,142
,112
,115

116
120
121
123

1954 Apr.
June
Oct.
Dec.

15..
30..
7..
31..

23,609
24,603
27,145
26,752

19,018
19,786
22,036
21,711

,312
,241
,381
,326

1,842
1,590
1,474
1,695

3,148
4,183
5,122
4,954

12,716
12,773
14,060
13,736

4,360
4,258
5,374
3,830

6,490
6,683
6,790
7,998

,582
,553
,618
,618

26
22
15
20

257
257
264
271

26
26
6
7

3,410
3,585
3,875
3,782

,031
,081
,097
,121

124
125
131
131

1955 Apr. 11..


June 30 . .
Oct. 5. .
Dec. 31..

26,228
24,942
24,281
23,837

20,896
19,694
19,088
18,821

894
503
574
813

1,303
481
361
657

5,558
5,773
5,437
4,708

13,142
12,937
12,717
12,643

3,314
3,113
2,928
3,812

7,783
7,799
7,865
7,146

1,652
1,657
1,580
1,333

120
87
72
81

273
281
271
270

3
3
5
5

3,983
3,916
3,907
3,778

,214
,189
,140
,089

133
140
141
144

1956 Apr,
June
Sept.
Dec.

10..
30, .
26. .
31..

22,784
21,949
21,924
22,132

17,765
17,047
17,045
17,364

417
374
407
1,185

478
279
603
441

4,505
4,086
3,898
3,742

12,364
12,308
12,136
11,995

3,682
3,679
4,107
6,735

7,047
6,902
6,205
3,455

1,330
1,430
1,535
1,517

70
67
62
68

235
230
227
219

4
4
4
4

3,829
3,823
3,843
3,820

1,032
920
876
784

154
155
158
160

1957 Mar. 14,.


June 6. .
Oct. 11,.
Dec. 31..

21,561
21,702
21,834
22,454

16,824
16,794
16,891
17,350

868
758
752
1,009

548
1,179
1,322
1,285

3,502
3,038
3,039
3,297

11,907
11,819
11,778
11,760

6,778
6,737
7,570
7,729

3,338
3,329
2,822
2,581

1,520
1,545
1,241
1,317

69
63
35
30

203
146
110
103

4
3
2
2

3,770
3,888
3,980
4,027

802
858
794
893

161
159
167
182

1958 Mar. 4..


June 23. .
Sept. 24..
Dec. 31..

23,172
26,422
26,49726,555

17,941
20,435
20,453
20,642

950
874
656
1,293

775
1,009
2,391
2,370

3,426
4,410
4,517
4,497

12,790
14,142
12,889
12,482

7,754
7,299
7,604
7,335

3,492
5,195
3,706
3,855

1,332
1,365
1,299
1,048

109
167
133
132

103
117
147
111

1
2
2
3

4,104
4,767
4,902
4,864

942
1,032
951
855

183
186
188
191

1943June 30..
Oct 18
Dec. 31.

19,144
22 287
21,321

16,560
20,616
18,933

1944 Apr. 13..


June 30. .
Dec. 30..

22 680
24,182
26,781

1945 Mar. 20
June 30..
Dec. 31..

Digitized for FRASER


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

2.4 RESERVE CITY MEMBER BANKSOTHERContinued

s1

D. INVESTMENTSContinued
[In millions of dollars]
U.S. Govt. securities

Direct

Call date

Notes, maturing

Total
investments
Total

Bonds
Marketable, maturing

Certificates

Bills

Within
1 year

After
1 year

Securities
of
States,
etc.

Total

Within
1 year

1-5

5-10

Over 20
years

10-20

Nonmarketable

Guaranteed

Other bonds,
notes, and
debentures

Federal
agency

Corporate
stock
(including
F. R.
Bank
stock)

Other

1959Mar.
June
Oct.
Dec.

12..
10. .
6. .
31..

25,408
24,497
22,734
22,935

19,482
18,661
16,935
17,257

790
870
823
1,484

2,137
1,512
689
645

4,333
4,230
4,070
4,109

12,222
12,049
11,353
11,019

8,176
7,974
7,311
7,064

2,752
2,742
3,039
3,232

1,038
1,110
787
550

142
112
101
90

113
110
115
83

2
2
19
35

4,909
4,885
4,923
4,830

821
753
658
610

194
196
199
202

I960 Mar.
June
Oct.
Dec.

15..
15. .
3..
31..

20,264
20,216
21,325
22,950

14,835
14,853
15,904
17,304

599
464
1,203
2,031

204
365
670
794

3,808
4,006
4,683
5,461

10,224
10,018
9,349
9,018

7,705
7,582
6,727
6,672

1,936
1,864
2,011
1,752

439
429
448
437

83
85
106
100

61
59
57
57

51
68
89
92

4,700
4,623
4,663
4,817

476
467
457
522

202
205
211
215

1961 Apr.
June
Sept.
Dec.

12. .
30. .
27. .
30. .

23,176
23,923
25,452
26,186

17,365
17,954
19,193
19,649

1,747
1,784
2,916
3,020

566
1,175
803
741

1,264
1,538
2,106
2,703

4,821
4,754
5,008
5,902

8,967
8,704
8,359
7,283

1,570
2,216
1,816
724

4,393
3,782
4,126
4,566

2,489
2,204
1,916
1,486

448
42 8
438
448

66
65
64
59

97
99
98
99

5,052
5,174
5,432
5,710

256
284
322
364

184
188
180
128

221
224
226
236

1962 Mar. 26..


June 30. .
Sept. 28..
Dec. 28..

25,785
26,321
25,471
26,563

18,681
18,531
17,678
18,316

2,038
1,611
1,305
2,343

,333
,267
,291
,403

3,248
3,942
1,898
1,563

4,624
4,245
5,377
5,694

7,438
7,467
7,807
7,314

689
273
1,479
729

4,331
4,603
3,153
3,158

1,920
2,111
2,967
3,244

440
419
1! 3
132

57
61
55
51

97
96
91
82

6,278
6,867
6,894
7,252

357
437
417
515

128
143
144
149

242
246
247
249

1963 Mar. 18..


June 29. .
Dec. 20. .

25,884
26,451
26,478

17,327
17,280
16,642

1,751
1,685
2,152

,236
,191
545

1,065
1,200
1,553

6,228
6,082
5,046

7,048
7,122
7,346

415
418
302

2,402
2,507
3,672

3,924
3,925
3,090

258
2:.4
237

49
48
45

55
46
44

7,630
8,163
8,810

483
558
562

134
141
143

254
263
276

1964- June 30
Dec. 31 . .

25 862
27,115

1 5 , 444
16,266

2,206
3,200

1,789
1,933

4 777
3,729

6,671
7,403

645
614

2,925
3,492

2,850
3,105

210
164

41
28

44
60

9 449
9,871

377
492

257
125

291
301

1965 June 30
Dec. 31 . .

26,146
26,880

13,977
14,354

1,819
2,972

2,156
1,852

2 005
1,429

7,997
8,413

167
561

3,899
4,004

3,566
3,522

338
315

26
10

53
19

11 108
11,504

542
581

159
441

306

1966 June 30..


Dec. 31..

26,051
26,367

12,182
13,040

1,453
2,384

267
168

1,108
1,335

1,412
1,338

8,308
8,207

370
509

4,237
4,522

3,481
2,951

215
219

5
6

36
15

12,361
12,033

1,084
847

424
447

1967 June 30..


Dec. 30. .

29,695
32,154

12,455
14,667

1,474
3,140

65

1,190
1 , 307

1,728
2,251

8,254
8,165

227
771

4,990

2,779
1,864

252
2i 1

6
7

106

15,240

,360

640

1968 June 29. .


Dec. 31 ! !

31 441
35^373

13 083
15,036

966

1969 June 30
Dec. 31..

31,207
30 , 428

11,635
1 1 , 944

487

1970 June 30..


Dec, 31 . .

31,061
37,560

11,372
14,700

For notes see end of Table 2.5 E,

Digitized for FRASER


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

1 77S

..

1,029

600
1 357

2, 604

8,016

1 ,336

1 778

7.155

1,762

3,509

5,225

404

V747

>l

4,442
4,808
4,475

1,916
;

232
59

li

I S 17ft

t4S

IfS)

748

317

89

16,177
18^111

'101

"* *

794
923

148

39

17,621 j
16,625 j

,240
' i 7 f i ;!

711
681

280

21

17 711

1 ?

irtp

19 i 771

2 210

879

I
5

2.4 RESERVE CITY MEMBER BANKS OTHER Continued


E.

DEPOSITS

[In miltions of dollars]


Time

Demand

IPC
Total
deposits

Call date

Total

IPC

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.

Domestic
Total
Mutual
savings

Commercial

State
and
local
govt.

Domestic
Cornmercial

Mutual
savings

Foreign

6
6

50*

243
233
198
240

22
19
14
14

108
115
120
117

41
49

4,728
4,767
4,857

4,386
4,422
4,506

214
219
226

12
18
19

115
105
106

53
54"

4,872
4,929
4,906
4,910

4,540
4,590
4,591
4,542

202
211
186
243

19
19
19
20

111
108
110
103

4,289
4.052
4,831

4,366
4,454
4,805

224
239
169

18

55
63

4,699
4,796
5,059

22

90
82
62

2
2

333
329
475

4,749
4,843
4,770

71
59
63

5,518
5,845
6,151

5,265
5,605
5,902

172
144
151

31
51
56

48
45
40

2
2
2

3,975
6,453
6,157

344
384
488

4,531
4.757
5,421

62
65
70

6,498
6,806
7,788

6,237
6,567
7,561

167
158
154

55
45
40

38
35
32

2
2
1

,615
,516
,763

4,260
7,655
8,221

416
422
611

5,094
5,510
6,307

78
90
110

8,277
8,764
9,790

8028
8^29
9?563

179
166
160

38
39
38

32
30
29

1
2
2

23,005
23,601
24,288

2,003
1,955
2,077

4,531
2,971
991

558
543
693

5,220
5,089
5,417

129
125
127

10,447
10,669
10,884

10,190
10,381
10,580

187
219
235

43
42
43

27
27
25

31,983
33,379
35,023

23,934
24,508
26,003

2,301
2,025
2,282

311
789
405

554
554
705

4,773
5,378
5,497

109
125
131

11,269
11,355
11,445

10,888
10,975
11,045

319
314
332

41
46
45

21
20
22

43,721
44,149
45,943

32,417
32,821
34,533

24,123
24,198
25,302

2,314
2,442
2,401

793
728
801

524
562
649

4,539
4,751
5,213

124
140
168

11,304
11,327
11,409

10,792
10,771
10,798

455
496
547

40
42
46

17
16
16

11
30
1
31

43,884
43,852
46,218
47,559

32,357
32,186
34,564
35,857

23,806
23,928
25,475
25,912

2,421
2,413
2,180
2,478

1,017
701
1,178
1,142

455
518
487
650

4,508
4,460
5,077
5,498

150
166
168
176

11,527
11,666
11,654
11,702

10,856
10,923
10,936
10,987

607
642
611
617

47
62
66
60

14
11
11
11

24
30
4
30

46,039
47,187
47,967
51,437

34,269
35,335
36,317
39,733

25,230
25,729
26,992
28,939

2,444
2,579
2,331
2,575

1,124
1,408
971
976

561
590
587
852

4,730
4,848
5,223
6,174

180
181
212
217

11,770
11,852
11.650
11,704

11,062
11,093
10,882
10,956

614
653
654
631

56
65
63
60

13
13
12
10

15,856
16,499
17,197
17,741

11,201
11,806
12,546
13,005

1940

Mar 26
June 29
Dec 31

17,810
18,231
19,844

889
917
801
813

420
415
410
435

123
160
158
190

2,813
2,920
3,374
3,516

13,083
13,464
14,987

7,978
8,372
9,468

942
956
995

431
422
327

150
147
228

3,581
3,526
3,919

20,143
20,813
21,712
22,313

15,271
15,884
16,807
17,403

9,552
10.142
10,637
11,127

,206
,139
,221
,144

273
341
383
491

171
209
190
286

4,069
4,000
4,377
4,302

22,240
23,046
28,700

17,541
18,250
23,641

11,105
12,199
15S061

,313
,304
,319

633
422
1,982

202
218
385

1943 June 30
Oct 18
Dec. 31

31,782
35,974
35,070

26,264
30,129
28,919

17,276
1 7,462
18,790

,452
,214
,448

2,383
6,223
3,373

1944

Apr. 13
June 30
Dec. 30

35,785
38,295
41,804

29,287
31,490
34,016

18,879
18,367
20,371

,496
,464
,509

1945

Mar 20
June 30
Dec 31

41,197
44,515
49,085

32,920
35,751
39,295

21,456
20,559
22,281

1946June 29
Sept 30
Dec. 31

45,893
44,952
44,477

35,446
34,284
33,593

1947

June 30
Oct 6
Dec 31

43,252
44S734
46,467

1948

Apr 12
June 30
Dec 31

1949

Apr
June
Nov.
Dec

1950 Apr
June
Oct.
Dec.

. .

4
30
24
31

Apr 4
June 30
Dec 31

Digitized for FRASER


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

. . .

58
63

3
3
2
2"

MEMBER BAN
> <*>%%% SSSS

6,899
7,331
7,803
8,002

1942

Savings

Foreign
govt.
and
other

4,276
4,320
4,319
4,362

Mar 29
June 30
Oct
2
Dec 30

Apr
June
Sept.
Dec

Foreign

Other
time

Interbank

U.S.
Govt.
and
postal
savings

4,656
4,693
4,650
4,736

1939

1941

IPC

Interbank
Certified
and
officers'
checks,
etc.

2.4 RESERVE CITY MEMBER BANKSOTHERContinued


E. DEPOSITSContinued
[In millions of dollars]

Time

Demand
Interbank

IPC

Total
deposits

Call date

Total
IPC

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.

w
Interbank

JPC

CertiDomestic
fied
and
officers' !
Comchecks,
Mutual
meretc.
savings
cial

Total
Foreign

Savings

U.S.
Govt.
and
postal
savings

State
and
local
govt.

Foreign
Other i govt.
time ! and
j other

Domestic
Cornmercial

Mutual
savings

Foreign

1951 Apr.
June
Oct.
Dec.

9
30
10
31

48,953
49,874
51,197
54,466

37,335
37 , 965
39,071
42, 105

26, 732
27, 214
28, 691
30, 722

2,397
2,713
2,154
2,550

2,426 i
2,272
1,474
1,124

600
592
552
822

4,981
4,996
6,021
6,695

199
178
179
192

11,618
11,909
12,126
12,361

10,767
11,020
1 1 , 244
11,473

706
731
720
714

62
68
73
85

12
10
10
9

72
80
79
81

1952 Mar.
June
Sept.
Dec.

31
30.
5
31 .

52,290
53,425
53,299
57 , 357

39,725
40,570
40,317
43,987

28, 834
29, 258
29, 689
31, 798

2,586
2,689
2,441
2,693

2,074
2,097
1,499
1,814

646
719
612
791

5,396
5,624
5,864
6,662

188
182
211
230

12,565
12,855
12,983
13,370

11,634
11,913
12,035
12,417

752
751
749
739

86
90
98
105

8
10
10
9

85
92
91
101

1953 Apr,
June
Sept.
Dec.

20,
30
30.
31

. . . . 54,391
54,861
55,713
58,663

40,806
40,994
41,719
44,365

30, 416
30, 192
30, 432
32, 065

2,678
2,866
2,489
2,880

1,221
1,358
2,063
1,504

738
636
638
828

5,525
5,744
5,895
6,869

227
197
202
219

13,585
13,867
13,995
14,298

12,592
12,847
12,980
13,203

768
794
775
830

104
103
103
98

9
8
9
9

1954 Apr.
June
Oct.
Dec.

15
30
7
'31

56,161
57,665
59,024
61,796

41,371
42,495
43,519
46,081

30, 594
30, 503
31, 217
33, 677

2,670
2,877
2,392
2,876

1,349
2,015
2,453
1,457

666
677
625
866

5,890
6,220
6,616
6,946

203 14,789
202 15,171
216 i 15,505
259 15,715

13,555
13,867
14,186
14,399

948
992
977
965

99
97
103
111

9
15
26
26

178
199
214
213

1955 Apr.
June
Oct.
Dec.

11
30
5
31

60,600
60,854
60,878
64,733

44,589
44,570
44,553
48,330

32, 850
32, 681
33, 263
35, 752

2,687
3,021
2,622
3,048

1,780
1,843
1,325
1,288

741
757
750
1,035

6,257
5,979
6,304
6,903

274
289
290
303

16,011
16,284
16,325
16,403

14,600
14,871
14,965
15,117

1,018
1,018
944
941

111
117
106
106

23
24
13
14

259
253
297
225

1956 Apr.
June
Scot.
Dec.

10
30
26
31

61,556
62,392
62,481
66,524

45,090
45,589
45,591
49,432

33, 536
33, 341
33, 940
36, 519

2,856
3,120
2,601
3,092

1,332
1,918
1,871
1,201

732
862
719
1,036

6,327
6,078
6,176
7,298

308
269
284
286

16,466
16,803
16,889
17,091

15,147
15,392
15,494
15,748

974
1,013
974
935

107
112
115
114

14
18
18
15

224
268
288
279

1957 Mar.
June
Oct.
Dec.

14.
6
11
31

62,493
61,796
63,793
67,483

44,952
43,839
45,289
48,558

34, 683
33. 177
34, 381
35, 906

2,667
2,911
2,570
3,111

704
1,051
1,297
1,358

768
787
668
943 ;

5,851
5,648
6,113
6,962

277
266
259
279

17,541
17,956
18,504
18,924

16,139
16,432
16,988
17,335

995
1,089
,086
,175

114
120
119
113

275
299
297
295

1958 Mar.
June
Sept.
Dec,

4
23
24
31

64,450
68,672
67,918
72,647

44,861
47,550
46,530
51,194

33, 418
34, 119
34, 787
38, 054

2,989
3,065
2,676 i
3,153

1,278
3,150
1,492
1,429

721
818
780
1,052 |

6,200
6,115
6, 502
7,217

256
282
293
289

19,589
21,122
21 , 387
21,453

17,740
18,910
19,295
19,480

,340
,705
,589
,471

85
92
121
124

11
"

19
25
31
31

405
390
351
346

1959 Mar.
June
Oct.
Dec.

12
10.
6
31 .

69 , 373
69,382
69,921
73,675

47 , 650
47,298
48,072
51,817

36, 534
36, 201
35, 992
38 321

2,954 t
2,959
2,722
3,304

751
858
1,709
1,698

902
830 i
833
1,043

6,225
6,159
6,547
7,162

285 21,722
291 I 22,085
268 21,850
288 21,858

19,831
20,136
20,249
20,231

1,452
1 , 466
1,196
1,229

124
122
95
95

27
27
23
19

289
335
287
285

1960 Mar.
June
Oct.
Dec.

15
15.... . . . . .
3.. . . . . . . . .
31

68 , 861
69,887
70,351
75,067

48,014
48,703
48,261
52,217

36 560
36, 156
35 240
37, 986

2,720 :
2,803
2,904
3,329 i

1,479
2,319
2,512 i
1,960

780 i
801
796
953

6,210
6,354
6,540
7,688

265 ! 20,847
272 21,183
268 22,090
301 22,850

19,244
19,484
20,209
20,652

16
29
41
43

224
216
273
283

Digitized for FRASER


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

1
1

1 , 276
1,375
1,485
1,787

S6 I
80
81
85

113
116
127
157

1961 Apr. 12
June 30
Sept. 27
Dec. 30

72,699
73,557
74,956
81,883

48,487
48,297
49,103
55,440

36,648
35,459
35,704
40,231

120
130
129
85

3,111
3,286
2,832
3,520

679
2,241
2,909
2,103

839
845
744
1,152

154
138
144
161

6,729
5,977
6,432
7,946

207
220
209
243

24,212
25,260
25,853
26,443

18,802
19,539
19,951
20,653

2,901
3,055
3,190
2,866

313
307
394
443

2,038
2,197
2,152
2,310

98
101
102
110

2
2
2
2

29
32
37
32

30
28
25
28

1962 Mar. 26
June 30
Sept. 28
Dec. 28

77,276
80,631
79,687
84,248

48,897
50,893
49,754
53 , 422

35,796
36,388
36,000
39,311

142
116
92
101

3,057
3,191
2,928
3,216

2,436
3,670
3,008
2,337

773
907
834
980

153
144
125
145

6,307
6,250
6,543
7,085

231
228
223
248

28,379
29,738
29,933
30,825

21,308
22,050
22,506
23,064

3,911
4,317
4,276
4,422

464
480
492
541

2,512
2,706
2,493
2,633

110
110
88
83

4
8
8
5

31
32
33
43

38
35
37
33

1963 Mar. 18
June 29
Dec. 20

82,100 49 , 850
85,555 51,895
87 , 994 52,896

37,082
36,972
39,173

116
103
108

2,822
3,195
3 144

1,863
3,793
2 212

901
1,021
1,034

146
151
143

6,683
6,421
6,815

237
239
267

32,250
33,660
35,099

23,564
24,031
24 898

5,087
5,900
6,413

554
636
671

2,873
2,913
2,950

82
70
72

6
11
10

54
69
52

30
31
33

1964 June 30
Dec. 31

91,145
97,145

53,052
57,366

37,965
42,031

102
105

3,234
3,508

3,771
2,195

1,086
1,238

156
160

6,460
7,803

278
326

38,092
39,779

25,763
26,869

8,024
8,085

757
774

3,362
3,840

69
77

13
7

60
59

45
69

1965 June 30
Dec. 31

97,418
103,034

54,464
57,287

38,475
42,237

125
143

3,280
3,532

4,325
1,773

1,091
1,180

158
163

6,716
7,928

294
330

42,954
45,747

28,105
29,856

9,590
9,812

847
842

4,163
4,960

75
71

14
7

85
133

74
66

1966 June 30
Dec. 31

104 323
109,173

55 640 39 , 729
59 , 230 43 , 902

109
120

3 513
3,708

3 968
1,633

1,168
1,274

173
154

6 670
8,095

310
343

48 683
49 , 943

28 099
27 466

14 260
15,793

954
945

5,093
5,450

64
57

15
48

134
99

66
86

1967 June 30
Dec. 30

110,614
120 847

55,943
64 377

41 , 489
48 021

128
144

3,399
3 542

1 880
1 715

1,380
1 580

162
167

7,162
8 817

342
390

54,671
56 470

27 746
28 446

19 176
20 443

1,208
I 361

6,094
5 830

78
80

184
83

111
143

75
84

1968 June 29
Dec. 31

118 470
132 638

59 924 . 44 948
69,514 51,519

131
149

3 641
3 835

1 399
1 884

1 674
1,947

166
171

7 568
9,554

397
456

58 546
63,123

28 442
28 767

22 153
25 074

1 315
1,430

6 219
7,378

117
168

119
80

110
158

71
69

1969 June 30
Dec. 31

125 451
126,536

65 231
71,160

48,317
52,933

127
129

3 792
3,934

2 171
1,575

1,843
1,928

185
164

8,353
9,909

444
590

60 219
55,376

27 805 24 521
27 , 050 21,910

1,295
1,479

6,231
4,609

162
86

19
1

127
90

59
151

1970 June 30
Dec. 31

123 895
140,661

65 962
73 192

47 685
53,370

111
129

3 798
3 793

3 115
2 547

1 723
2,035

159
176

8 861
10,629

509
512

57 933
67 469

27 058
28 410

1 912
1 526

6 005
8,489

67
222

61
96

109
443

103
53

22 619
28 230

For notes see end of Table 2.5 E.

Digitized for FRASER


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

CO

2.5 COUNTRY MEMBER BANKS


A.

TOTAL ASSETS AND NUMBER OF BANKS


[Assets in millions of dollars]

Loans and investments

Balances with-

Investments
Call date

Total
assets
Total

Loans
Total

U.S.
Govt.
Other
securities securities

Reserve
with
F. R.
Banks

Currency
and
coin

Cash
items

Domestic
banks

Foreign
banks

Bank
premises,
etc.

Other
real
estate

Customers'
liability
on
acceptances

Other
assets

Number
of
banks

1939 Mar. 29
June 30
Oct. 2
Dec 30

14,605
14,826
15,333
15,666

10,098
10,109
10,102
10,224

4,480
4,605
4,665
4,768

5,618
5,504
5,437
5,456

3,220
3,127
3,082
3,159

2,398
2,377
2,356
2,297

,367
,403
,555
,578

350
307
329
363

1,963
2,117
2,473
2,614

3
3
4
2

193
282
263
292

381
379
380
376

188
183
181
175

2
2
2
2

60
42
46
41

5,935
5,935
5,945
5,966

1940 Mar 26
June 29
Dec. 31

15,783
15,884
17,101

10,194
10,257
10,826

4,860
4,987
5,309

5.334
5,270
5,517

3,060
3,030
3,269

2,273
2,240
2,248

,648
,733
,857

389
328
452

2,645
2,711
3,002

2
1
2

213
270
372

377
373
372

171
148
137

2
1
3

143
60
78

5,983
6,005
6,089

1941_Apr. 4
June 30
Sept. 24
Dec. 3 1

17,322
17,822
18,591
19,466

1 1 , 1 44
1 1 ,446
11,852
12,518

5,431
5,607
5,828
5,890

5,713
5.839
6,024
6,628

3,456
3,627
3,789
4,377

2,257
2,212
2,235
2,250

,894
,914
2,075
2,210

372
437
501
526

3,044
3,106
3.293
3,216

2
1
1

279
367
286
449

375
372
373
368

133
128
121
110

3
3
3
3

76
48
85
65

6,133
6,158
6,197
6,219

1942

19,322
20,074
24,557

12,753
13,130
16,419

5,749
5,393
5,038

7,004
7,737
11,380

4,746
5,502
9,172

2,258
2,235
2,208

2,180
2,306
2,842

429
533
542

3,092
3,168
3,699

2
2
2

325
406
554

370
368
368

105
97
83

4
3
3

63
60
46

6,228
6,244
6,275

1943 June 30
Oct. 18
Dec 31

27,205
30,411
30,638

19,164
22,103
22,188

4,497
4,780
4,654

14,667
17,323
17,534

12,509
15,212
15,465

2,157
2,111
2,069

2,987
3,116
3,303

616
619
611

3,462
3,618
3,474

2
2
2

491
470
593

361
362
354

71
64
56

3
3
3

49
54
54

6,299
6,318
6,331

1944 Apr. 13
June 30
Dec 30

31,841
33,566
38,284

23,819
24,850
28,520

4,582
4,780
4,910

19,238
20,071
23,610

17,170
18,009
21,552

2,068
2,061
2,058

3,173
3,438
3,909

671
618
684

3,242
3,638
4,097

2
2
2

475
566
631

353
349
342

51
44
33

4
3
2

52
59
64

6,357
6,368
6,408

1945 Mar. 20
June 30
Dec 3 1

38,423
41,339
46,059

29,126
31,368
35,002

4,807
5,114
5,596

24,319
26,253
29,407

22,204
24,094
26,999

2,115
2,159
2,408

3,927
4,117
4,527

745
632
796

3,693
4,213
4,665

2
2
2

493
575
641

341
335
327

31
25
22

3
2
3

62
70
74

6,415
6,431
6,476

1946__June 29
Sept. 30
Dec 3 1

45,859
46,261
45,988

35,886
36,056
35,412

6,605
7,334
8,004

29,281
28,722
27,408

26,556
25,948
24,572

2,725
2,774
2,836

4,543
4,599
4,703

631
758
883

3,684
3,666
3,753

3
4
4

685
742
807

327
331
330

20
20
17

3
4
5

76
81
74

6,482
6,492
6,494

1947 June 30
Oct. 6 . . .
Dec 3 1

45,179
46,995
47,553

35,057
36,027
36,324

9,102
9,638
10,199

25,955
26,389
26,125

22,893
23,164
22,857

3,063
3,225
3,268

4,628
4,934
4,993

780
829
929

3,444
3,959
3,900

3
3
2

834
790
954

337
344
346

16
16
16

3
6
4

78
88
84

6,524
6,525
6,519

1948

Apr. 12
June 30
Dec 3 1

47,169
47,143
48,407

36,699
36,623
36,726

10,877
11,234
1 1 ,945

25,822
25,389
24,781

22,381
21,892
21,278

3,442
3,497
3,504

4,815
4,866
5,736

884
934
858

3,391
3,369
3,619

2
2
2

910
878
980

361
366
379

17
17
17

3
3
3

86
84
87

6,537
6,541
6,535

1949 -Apr. 11
June 30
Nov. 1
Dec. 31

47,459
46,835
48,499
49,051

36,434
36,338
38,052
38,219

12,003
1 1 ,968
12,442
12,692

24,431
24,370
25,610
25,527

20,967
20,889
21,969
21,862

3,464
3,481
3,640
3,665

5,547
5,127
4,362
4,371

922
913
899
901

3,208
3,117
3,770
4,002

2
1
1
1

845
836
881
1,039

390
392
404
401

18
19
21
21

4
3
3
4

89
89
105
93

6,529
6,519
6,519
6,513

1950 Apr. 24
June 30
Oct. 4
Dec. 30

49,013
49,556
50,615
52.689

38,927
39,245
39,808
40.558

13,148
13,510
34,441
14.988

25,779
25,734
25,367
25.570

21,964
21,830
21,250
21.377

3,814
3,904
4,118
4.193

4,266
4,343
4,628
4.745

973
813
994
976

3,448
3,579
3,683
4.450

2
2
3
3

861
1 .037
949
1.396

412

21
21
21
20

4
4
7
7

99
98
94
101

6,515

Apr. 4 .
June 30
Dec. 31

Digitized for FRASER


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

4!5
429
433

6,5ii

6,511
6,501

1951Apr. 9..
June 30..
Oct. 10..
Dec. 31..

51,922
51,821
54,111
56,349

40,420
40,448
41,523
42,444

15,630
15,858
16,089
16,296

24,789
24,590
25,434
26,148

20,498
20,247
20,970
21,587

4,291
4,343
4,464
4,561

5,278
5,172
5,579
5,676

1,012
834
1,141
1,231

3,570
3,581
4,240
4,862

3
2

1,055 |
1,188
1,024
1,521

453 |
461
476
482

21 !
22
22
21

100
104
99
104

6,508
6,500
6,491
6,484

1952_Mar.
June
Sept.
Dec.

31
30
5
31

55,017
55,766
56,958
59,535

42,638
43,037
44,115
45,594

16,531
17,133
17,550
18,213

26,108
25,904
26,565
27,381

21,465
21,206
21,801
22,549

4,643
4,698
4,764
4,832

5,420
5,495
5,873
5,820

1,056
1,072
984
1,250

4,007
4,159
4,221
4,706

2
2
2
2

1,262
1,358
1,089
1,503

494
502
513
522

22
22
22
23

109
114
135
111

6,471
6,461
6,454
6,444

1953Apr.
June
Sept.
Dec.

20..
30..
30..
31..

58,325
58,129
59,490
61,385

45,610
45,359
46,739
47,404

18,792
19,028
19,417
19,934

26,818
26,330
27,322
27,470

21,927
21,394
22,306
22,423

4,891
4,936
5,016
5,047

5,764
5,505
5,465
5,780

1,125
1,189
1,221
1,140

3,874
4,057
4,090
4,855

2
2
2
3

1,266
1,330
1,262
1,491

540
546
561
564

23
24
26
26

116
112
120
119

6,414
6,409
6,399
6,389

1954Apr. 15
June 30
Oct. 7
Dec. 31

60,211
60,745
62,809
64,364

47,143
47,474
49,706
50,466

20,346
20,537
20,596
21,442

26,796
26,937
29,110
29,024

21,725
21,779
23,770
23,629

5,071
5,158
5,340
5,395

5,624
5,468
5,411
5,377

1,093
1,230
1,152
1,129

4,191
4,496
4,690
5,057

2
2
3
2

1,408
1,310
1,062
1,552

585
594
613
614

27
28
30
30

132
138
138
131

6,387
6,376
6,365
6,326

1955Apr. 11
June 30
Oct. 5
Dec. 31

63,751
63,732
65,043
66,988

50,313
50,806
51,803
52,775

21,739
22,799
23,490
24,379

28,574
28,006
28,313
28,397

22,939
22,321
22,528
22,570

5,635
5,685
5,785
5,826

5,429
5,163
5,579
5,429

1,245
1,217
1,205
1,222

4,502
4,259
4,251
4,844

2
2
3
3

1,436
1,452
1,345
1,845

634
645
663
677

36
36
42
45

150
149
150
145

6,288
6,283
6,246
6,220

1956Apr.
June
Sept.
Dec.

10.
30.
26.
31.

65,995
66,147
66,994
69,945

52,406
52,752
53,607
54,571

24,871
25,716
25,980
26,491

27,535
27,035
27,627
28,080

21,625
21,076
21,595
22,037

5,910
5,959
6,032
6,042

5,576
5,316
5,499
5,526

1,284
1,024
1,401
1,502

4,443
4,373
4,159
5,194

3
3
3
2

1,371
1,748
1,361
2,166

705
719
743
760

50
54
56
58

151
155
159
162

6,198
6,177
6,166
6,141

1957Mar.
June
Oct.
Dec.

14
6
11
31

67,876
68,404
70,766
72,062

54,396
55,112
56,565
56,820

26,619
27,330
27,980
28,191

27,777
27,782
28,585
28,629

21,537
21,409
22,058
21,815

6,240
6,373
6,527
6,814

5,542
5,631
5,704
5,576

1,319
1,241
1,164
1,549

4,099
3,966
4,589
4,964

3
3
3
3

1,488
1,384
1,636
2,048

787
813
841
841

61
62
69
67

177
188
188
191

6,138
6,131
6,105
6,083

1958Mar.
June
Sept.
Dec.

4.
23.
24.
31.

70,416
72,255
73,505
76,767

56,321
58,225
59,550
61,511

28,030
28,937
29,099
30,257

28,292
29,288
30,450
31,254

21,363
22,000
22,943
23,606

6,928
7,288
7,507
7,648

5,672
5,392
5,535
5,444

1,228
1,395
1,456
1,476

4,491
4,432
4,387
5,030

3
3
3
4

1,563
1,638
1,384
2,077

858
895
918
935

70
68
70
66

204
204
198
216

6,072
6,045
6,030
6,006

1959Mar. 12.
June 10.
Oct. 6.
Dec. 31.

75,000
76,405
78,104
79,567

61,249
62,248
63,314
64,082

30,388
31,960
33,101
33,766

30,861
30,288
30,212
30,316

23,201
22,581
22,388
22,535

7,660
7,707
7,824
7,781

5,439
5,647
5,837
5,573

1,357
1,423
1,327
1,357

4,163
4,093
4,477
4,870

3
4
4
4

1,540
1,672
1,799
2,318

957
991
,018
,028

69
77
78
82

214
240
243
246

5,983
5,976
5,946
5,938

1960Mar.
June
Oct.
Dec.

15
15
3
31

79,462
80,357
81,919
84,126

64,516
65,427
66,533
67,890

34,519
36,074
36,813
36,981

29,996
29,353
29,720
30,909

22,156
21,556
21,845
22,848

7,841
7,797
7,875
8,060

5,667
5,388
5,300
5,070

1,446
1,515
1,391
1,534

4,446
4,488
4,950
5,655

4
4
4
5

1,978
2,080
2,233
2,477

,063
,098
,124
,130

89
95
102
101

246
256
275
258

5,968
5,966
5,953
5,932

1961Apr.
June
Sept.
Dec.

12
30
27
30

83,111
83,769
85,971
90,376

68,505
69,139
71,732
73,131

37,267
37,942
38,938
39,693

31,239
31,196
32,794
33,438

22,882
22,608
23,941
24,407

8,356
8,588
8,853
9,031

4,695
4,828
4,521
5,210

1,624
1,329
1,777
1,678

4,815
4,618
4,551
5,881

5
5
6
5

1,916
2,258
1,756
2,822

,171
,185
,216
,226

107 I
107
112
117

267
293
294
298

5,915
5,911
5,904
5,885

1962Mar.
June
Sept.
Dec.

26
30
28
28

88,073
90,555
93,642
97,008

73,282
75,019
77,759
80,623

39,888
41,492
42,556
44,698

33,395
33,528
35,203
35,926

24,117
23,843
24,953
25,425

9,278
9,685
10,250
10,501

4,822
5,023
5,230
4,817

1,705
1,438
1,564
1,947

4,535
4,872
4,998
5,389

14
10
10

2,021
2,463
2,291
2,398

,252
,255
,290
,316

121
128
134
135

13
11
13
17

309
337
351
357

5,858
5,842
5,832
5,828

1963Mar. 18
June 29
Dec. 20

96,408
99,361
103,615

80,447
82,952
87,316

44,805
46,934
50,023

35,641
36,019
37,293

24,820
24,496
24,797

10,822
11,522
12,496

4,771
4,933
4,919

1,774
1,599
1,884

5,105
5,182
5,060

2,482
2,743
2,402

,330
,369
1,482

138
145
136

20
27
34

334
405
373

5,820
5,839
5,897

10

1964June 30
Dec. 31

105,430
112,932

88,337
93,759

52,289
55,733

36,048
38,026

23,218
24,341

12,830
13,685

4,826
5,165

2,113
2,092

5,278
6,295

20

11

2,726
3,372

1,750

27
31

440
448

5,971
6,018

1965June 30.
Dec. 31 .

115,302
123,227

97,043
103,362

59,411
63,338

37,632
40,023

22,697
23,735

14,935
16,288

5,267
5,463

2,326
2,235

5,333
6,344

21
15

2,889
3,308

1,858
1,924

46
39

517
537

6,032
6,027

dd

1966June 30. ..
Dec. 31.. .

125,833
131,909

106,300
110,089

66,647
69,212 ,

39,653
40,877

21,709
22,419

17,944
18,458

5,697
5,839

2,415
2,506

5,481
6.545

20
20

3,222
4,093

2,036
2,129

46
50

614
638

6,001
5,958

Digitized for FRASER


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

3 !

E/3

2.5 COUNTRY MEMBER BANKSContinued

s.

A. TOTAL ASSETS AND NUMBER OF BANKSContinued


[Assets in millions of dollars]
Balances with

Loans and investments


Calldate

Total
assets

Investments
Total

Loans

U.S.
Other
Govt.
securities securities

Total

Gd

Reserve
with
F. R.
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Bank
premises,
etc.

Cash
items

Customers*
liability
on
acceptances

Other
real
estate

Other
assets

Number
of
banks

1967 June 30
Dec. 30

135,639
146,668

114,563
123,127

72,276
75,612

42,288
47,515

21 , 557
24,689

20,731
22,826

5,565
5,767

2,237
2,704

6,180
7,117

16
22

4,052
4,725

2,2 59
2,262

100

725
801

5,919
5,886

1968 June 29
Dec. 31

149,186
161,727

126,365
135,364

78,609
84,002

47,756
51,362

23,469
24,998

24,287
26,364

6,101
6,713

2,392
3,293

6,305
7,592

12
24

4,512
5,042

2,364
2,463 '

111
111

53
64

972
1,060

5,855
5,796

1969June 30
Dec. 31

164,886
169,650

138,298
141,287

89,161
92,718

49,138
48,568

21 , 686
21,278

27,452
27,291

6,991
7,179

2,851
3,302

7,036
7,870

19
24

5,512
5,554

2,707
2,847

116
128

91
130

1,265
1,331

5,756
5,691

1970 June 30
Dec. 31

170,621
185,073

143,095
154,568

94,573
99,841

48,521
54,726

19,999
22,586

28,522
32,140

7,236
7,778

3,222
3,135

7,066
8,544

26
59

5,191
5,930

3,001
3,183

134
137

127
105

1,526
1,634

5,626
5,589

For notes see end of Table 2.5 E.

2.5 COUNTRY MEMBER BANKSContinued


B. TOTAL LIABILITIES
[In millions of dollars]
f

Deposits

Total
liabilities
and
capital

Total

1939 Mar. 29..


June 30. .
Oct. 2..
Dec. 30..

14,605
14,826
15,333
15,666

12,733
12,943
13,427
13,762

1940 -Mar. 26. .


June 29..
Dec. 31..

15,783
15,884
17,101

1941Apr. 4..
June 30. .
Sept. 24..
Dec. 31..

17,322
17,822
18,591
19,466

Call date

Digitized for FRASER


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

Borrowings

Demand deposits

Capital accounts

Acceptances
outstanding

Other
liabilities

Stocks

Reserves
for
contingencies,
etc.

U.S.
Govt.
and
postal
savings

Other
demand

464
467
538
598

183
176
168
189

6,377
6,537
6,941
7,158

5,710
5,764
5,780
5,817

5
5
4
3

2
2
2
2

46
49
48
48

1,818
1,828
,852
,851

727
728
732
733

197
193
187
186

563
573
578
593

243
236
256
234

88
99
99
105

6,183
6,255
6,677
6,866

4,857
4,779
4,925
5,048

13,854
13,950
15,132

596
568
665

182
179
184

7,168
7,239
8,216

5,908
5,964
6,067

2
3

2
1
3

50
52
55

,875
,876
,909

738
740
751

176
174
169

600
607
628

258
249 !
250

103
106
111

6,954
6,969
7,845

5,100
5,015
5,705

15,319
15,799
16,532
17,415

708
684
766
822

145
182 j
198
256

8.318
s;?41
9,314
10,109

6,148
6,192
6,255
6,228

3
3
3
4

3
3
3
3

54
61
63
60

.943
,956
,990
1,982

758
760
765
768

164
162 ,
158
155

637
649
656
669

275
272
29 B
273

110
114
113
117

8,039
H,374
9,028
9.661

Interbank

ii

Other
time

ii

Total

Common

Preferred

Surplus

Undivided
profits

Adjusted

Net

1!

5,863
6,146
6,709
7,529

dd

1942 Apr. 4..


June 30. .
Dec, 31 . .

19,322
20,074
24,557

17,253
17,996
22,459

809
776
980

299
268
1,122

10,051
10,766
13,819

6,094
6,185
6,537

4
3
3

4
4
3

56
57
51

2,005
2,014
2,042

774
780
786

148
146
140

676
684
703

291
286
291

115
119
121

9,726
10,360
13,265

7,744
8,235
11,655

1943 June 30..


Oct. 18..
Dec. 31 . .

27,205
30,411
30,638

25,047
28,177
28,414

949
965
1,015

1,564
3,563
2,018

15,499
16,196
17,632

7,034
7,452
7,748

7
25
10

3
3
3

54
55
58

2,094
2,151
2,153

791
799
805

133
129
124

724
736
771

317
357
322

128
131
131

15,009
15,726
17,039

12,626
13,204
14,714

1944 Apr, 13..


June 30. .
Dec. 30. .

31,841
33,566
38,284

29,532
31,248
35,871

950
972
1,171

2,653
3,978
4,287

17,726
17,665
20,588

8,204
8,634
9,825

28
11
16

4
3
2

56
64
74

2,221
2,239
2,321

816
824
851

118
113
94

783
806
876

372
359
364

132
136
136

17,251
17,099
19,958

15,095
14,591
17,162

1945 Mar. 20..


June 30. .
Dec. 31 . .

38,423
41 , 339
46,059

35,900
38,798
43,418

1,097
1,129
1,223

3,008
5,250
5,517

21,335
21,231
24,235

10,460
11,188
12,442

51
9
11

3
2
3

74
90
103

2,395
2,440
2,525

862
872
894

90
85
73

892
933
1,010

417
408
401

135
143
147

20,842
20,656
23,595

18,360
17,697
20,263

1946 June 29..


Sept. 30. .
Dec. 31 . .

45,859
46,261
45,988

43,049
43,342
43,066

1,023
998
1,091

3,243
2,209
932

25,316
26,305
27,044

13,468
13,830
13,999

18
41
26

3
4
5

115
122
134

2,674
2,752
2,757

917
924
933

69
65
61

,071
,086
,136

460
518
458

157
158
169

24,630
25,563
26,237

22,053
22,969
23,651

1947 June 30. .


Oct. 6. .
Dec. 31 . .

45,179
46,995
47,553

42,133
43,876
44,443

910
1,030
1,073

473
845
478

26,342
27,450
28,378

14,409
14,552
14,514

38
28
23

" 3
6
4

136
139
149

2,869
2,946
2,934

955
960
966

55
53
50

.175
J85
,220

511
576
513

173
172
185

25,508
26,660
27,424

23,395
24,522
25,027

1948Apr, 12. .
June 30. .
Dec. 31 . .

47,169
47,143
48,407

43,914
43,903
45,102

837
821
964

891
728
737

27,377
27,517
28,683

14,810
14,837
14,719

55
24
12

4
4
3

148
156
166

3,048
3,056
3,123

989
997
1,008

48
47
44

,242
,269
,310

580
573
588

189
170
173

26,466
26,639
27,703

24,754
24,769
25,735

1949 Apr. 11..


June 30..
Nov. 1 . .
Dec. 31.-

47,459
46,835
48,499
49,051

44,050
43,422
44,952
45,534

816
781
890
1,001

898
587
835
870

27,498
27,238
28,427
28,974

14,837
14,816
14,799
14,689

48
20
19
11

4
3
4
4

158
174
190
197

3,200
3,215
3,335
3,305

1,018
,018
,026
,036

42
41
39
39

,323
,344
,362
,413

649
640
736
639

168
171
172
178

26,653
26,402
27 , 546
27,935

25,102
24,586
25,427
25,729

1950 Apr.
June
Oct.
Dec.

24..
30. .
4. .
30. .

49,013
49,556
50,615
52,689

45,357
45,888
46,753
48,897

865
871
917
1,133

940
1,111
905
1,005

28,578
28,916
30,074
31,977

14,973
14,989
14,858
14,782

35
15
64
9

4
5
7
8

200
216
235
244

3,416
3,433
3,555
3,532

,058
,063
,073
,083

39
39
38
37

,430
,456
,472
,531

713
695
793
697

176
180
180
185

27,717
27,879
29,125
30,581

25,998
26,207
27,186
28,184

1951 Apr.
June
Oct.
Dec.

9..
30. .
10. .
31 . .

51,922
51,821
54,111
56,349

47,940
47,877
50,001
52,288

969
936
1,109
1,309

,610
,344
,145
,001

30,515
30, 592
32,488
34,572

14,845
15,005
15,259
15,406

96
36
60
16

10
7
7
7

235
242
262
278

3,640
3,658
3,782
3,760

,111
,121
,131
,143

35
34
33
31

,556
,580
,593
,647

759
742
842
746

179
182
183
194

29 , 460
29,404
31,464
33,051

28,380
28,003
29,360
30,371

1952 Mar. 31..


June 30 . .
Sept. 5 . .
Dec. 31 . .

55,017
55,766
56,958
59,535

50,841
51,571
52,431
55,175

1,075
1,083
1,078
1,301

,430
,525
,336
,419

32,676
33,029
33,870
36,022

15,660
15,934
16,146
16,433

61
24
262
25

7
4
4
5

272
292
319
361

3,836
3,873
3,942
3,970

,172
,183
,186
,201

29
28
29
27

,665
,696
,701
,755

788
780
839
790

183
186
187
196

31,413
31,671
32,781
34,519

29,774
29,976
30,828
32,379

1953~Apr. 20..
June 30. .
Sept. 30. .
Dec, 31..

58,325
58,129
59,490
61,385

53,670
53,606
54,756
56,740

1,061
1,073
1,081
1,315

,318
,086
,584
,369

34,486
34,363
34,725
36, 520

16,805
17,084
17,367
17,536

206
49
103
20

5
4
3
4

366
368
413
428

4,078
4,101
4,213
4,194

,225
,233
,242
1,255

27
27
26
25

,781
,800
,823
,877

859
850
942
849

186
192
180
189

33,220
33,033
33,463
35,029

31,570
30,979
31,878
32,699

1954 Apr.
June
Oct.
Dec.

15..
30 . .
7..
31..

60,211
60,745
62,809
64,364

55,351
55,943
57,770
59,360

1,174
1,241
1,343
1,508

,220
,510
,797
,434

35,019
34,879
35,965
37,794

17,938
18,313
18,665
18,624

111
26
43
11

7
6
5
6

407
398
451
480

4,336
4,372
4,540
4,506

1,289
1,299
1,315
1,328

24
27
25
24

1,900
1,925
1,947
2,022

941
933
1,061
924

182
188
192
208

33,611
33,569
34,903
36,242

31,657
31,670
33,180
33,954

1955 Apr.
June
Oct.
Dec.

11..
30. .
5..
31 . .

63,751
63,732
65,043
66,988

58,501
58,594
59,596
61,636

1,315
1,283
1,309
1,523

1,244
1,498
1,213
1,217

37,153
36,751
37,833
39,681

18,790
19,062
19,240
19,215

201
55
134
52

3
5
4
4

445
437
503
527

4,601
4,642
4,806
4,769

1,367
1,383
1,401
1,418

24
24
26
25

2,054
2,089
2,101
2,156

967
959
1,089
967

190
188
190
201

35,716
35,299
36,489
37,836

33,606
33,654
34,596
35,568

1956 Apr. 10..


June 30. .
Sept. 26..
Dec. 31 . .

65,995
66,147
66,994
69,945

60,364
60,591
61 , 129
64,289

1,380
1,353
1,275
1,618

1,266
1,520
1,506
1,306

38,171
37,897
38,291
41,194

19,546
19,821
20,057
20,171

203
84
166
21

4
4
6
5

516
521
585
583

4,908
4,947
5,107
5,046

1,458
1,481
,499
,517

24
24
24
24

2,192
2,224
2,245
2,298

1,046
1,030
1,151
1,012

188
189
189
196

36,800
36,149
36,930
39,028

34,846
34,495
35,400
36,601

1957 Mar. 14..


June 6. .
Oct. 11..
Dec. 31 . .

67,876
68,404
70,766
72,062

61 , 841
62,192
64,501
65,991

1,320
1,290
1,412
1,658

854
1,238
1,355
1,315

38,775
38,211
39,466
40,724

20,892
21,453
22,268
22,294

287
267
129
30

4
3
6
3

583
637
686
678

5,162
5,304
5,443
5,359

,556
,572
,596
1,599

24
23
23
23

2,343
2,358
2,392
2,440

1,056
1,170
1,247
1,099

183
181
186
198

37,287
36, 827
37,830
38,676

35,208
35,235
35,858
36,543

Digitized for FRASER


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

2.5 COUNTRY MEMBER BANKSContinued


B. TOTAL LIABILITIESContinued
[In millions of dollars]
|

Deposits

Total
liabilities
and
capital

Total

1958 Mar. 4..


June 23..
Sept. 24. .
Dec. 31..

70,416
72,255
73,505
76,767

64,101
65,741
66, 877
70,277

1959 Mar. 12. .


June 10 . .
Oct. 6. .
Dec. 31 . .

75,000
76,405
78,104
79,567

1960 Mar. 15..


June 15..
Oct. 3..
Dec. 31 . .

Borrowings

Acceptances
outstanding

Capital accounts
Other
liabilities

Demand deposits

U.S.
Govt.
and
postal
savings

Other
demand

1,394
1,320
1,413
1,615

1,099
1,992
1,328
1,307

38,663
38,286
39,326
42,349

22,944
24,142
24,810
25,005

93
164
126
37

7
2
4
7

710
706
751
761

5,506
5,641
5,747
5,685

1,632
1,638
1,653
1,671

22
21
21
21

2,468
2,490
2,527
2,608

1,186
1,305
1,343
1,166

68,070
69,175
70,790
72,323

1,349
1,333
1,417
1,627

972
1,090
1,544
1,640

40,422
40,812
41,634
42,832

25,329
25,940
26,195
26,224

354
463
352
71

8
9
7
7

767
812
854
1,132

5,801
5,946
6,101
6,034

1,711
1,739
1,764
1,786

21
20
19
18

2,643
2,683
2,726
2,789

79,462
80,357
81,919
84,126

71 , 597
72,222
73,489
76,004

1,337
1,325
1,451
1,815

1,682
2,078
1,853
I t 905

41,476
41,240
41 , 593
43,395

27,102
27,579
28,592
28,889

362
320
302
23

6
5
7
7

1,220
1,358
1,475
1,495

6,277
6,453
6,645
6,599

1,872
1,893
1,920
1,928

19
18
18
18

1961 Apr. 12..


June 30. .
Sept. 27..
Dec. 30. .

83,111
83,769
85,971
90,376

74,797
75,407
77,306
81,646

1,533
1,443
1,460
1,961

994
1,846
2,535
1,749

42,243
41,413
42,059
46,211

30,027
30,705
31,252
31,725

84
121
84
40

6
7
7
8

1,386
1,373
1,488
1,593

6,838
6,861
7,085
7,088

1,997
2,011
2,032
2,061

1962 Mar, 26..


June 30 . .
Sept. 28..
Dec. 28..

88,073
90,555
93,642
97,008

79,061
81,577
84,178
87,342

1,496
1,577
1,640
1,824

2,043
2,705
2,725
2,031

42,092
42,596
43,981
46, 895

33,429
34,698
35,832
36,593

126
80
139
172

13
11
13
17

1,637
,564
,691
,732 j

7,237
7,323
7,621
7,744

1963 Mar. 18.. 96,408


June 29 . . 99,361
Dec. 20. . 103,615

86,513
89,470
92,759

1,686
1,701
1,848

1,849
3,425
2,046

45,028
45,066
48,256

37,949
39,278
40,608

222
127
390

20
29
35

,903
,841
2,055

1964 June 30.. 105,430


Dec. 31 . . 112,932

94,733
101,581

1,804
2,254

2,954
1,844

47,270
52,398

42,705
45,086

230
213

27
32

1965 June 30.. 115,302


Dec. 31 . . 123,227

103,304
110,738

1,896
2,445

3,304
1,578

49,800
55,118

48,305
51,598

323
343

1966 June 30.. 125,833


Dec. 31 . . 131,909

112,702
118,320

1,976
2,461

3,126
1,544

52,785
56,672

54,816
57,643

1967 June 30. . 135,639


Dec. 30.. 146,668

121,436
131,773

2,153
2,862

1,454
1,647

54,956
61,161

1968 -June 29.. 149,186


Dec. 31 . . 161,727

133,435
145,287

2,360
2,950

1,889
1 , 367

1969 June 30. . 164,886


Dec. 31.. 169,650

144,327
148,578

2,601 1
3,236 1

1,536
1,725

Call date

Interbank

Other
time

Stocks
1
ComPremon
ferred

148,452
162,288

2,844
3,522

2.319
2; 704
i

For notes see end of Table 2.5 E.

Digitized for FRASER


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

Surplus

Undivided
profits

Reserves
for
contingencies,
etc.

Net

198
186
202
219

37,100
36,648
37,942
40,272

34,964
35,371
36,135
38,010

1,219
1,309
1,397
1,237

206
195
196
204

38,882
39,140
39 , 834
40,514

36,892
37,310
38,165
38,767

2,878
2,913
2,963
3,052

1,312
1,437
1,537
1,361

196
192
207
240

39,498
39,159
39,361
40,917

37,930
37,935
37,572
38,844

17
17
17
16

3,133
3,167
3,190
3,292

1,464
1,442
1,614
1,475

227
225
233
243

40,507
39,318
40,470
43,575

37,901
37,690
39,618
41,088

2,108
2,128
2,172
2,189

16
16
14
34

3,361
3,409
3,469
3,547

1,527
1,541
1,732
1,739

225
229
234
234

40,240
40,321
41,855
44,689

38,959
39,441
40,961
42,893

7,750
7,894
8,377

2,250
2,297
2,366

34
36
66

3,631
3,712
3,833

1,600
1,613
1,864

235
236
248

42,737
42,524
46,049

40,954
42,274
44,695

1,908
2,221

8,531
8,886

2,484
2,568

86
139

3,979
4,136

1,739
1,770

243
273

44,773
49 , 253

44,013
46,862

2,269
2,433

9,359
9,673

2,712
2,764

214
264

4,260
4,394

1,905
1,947

269
304

47,143
52,104

46,766
49 , 459

416
308

46
40
49
51

2,616
2,920

10,050
10,309

2,875
2,909

300
305

4,486
4,598

2,097
2,175

292
322

49,810
52,832

49,167
49,965

62,873
66, 102

611
552

45
45

2,891
3,294

10.655
li;<X>5

3,002
3,060

310 1
324

4,682
4,851

2,348
2,397

312
373

51,156
56,812

48,363
53,801

59,183
66,578

70,003
74,392

871
804

54
65

3,423
3,765 ;

1 1 , 403
11,807

3,177
3,218

336
359

4,962
5,133

2,593
2,746

335
351

54,952
61,827

52,509
58,155

63,562
67,930

76,628
75,688

1,787 i
1,820 i

92
131

6,304
6,354 !

12,376
12,766

3,357
3,416

55,038
59,387

79,383
86,255

2.164
1,836

130 I
106

6.498
7,036

13.377
13,807

3,556
3,610

58,324 I
62,729
i]
59,008 i:
64,184

l!

1970=June 30. . 170,621


Dec. 31 . . 185,073

Adjusted

Total

63.906
69; 806
!

'!

378
397 1

5,289
5,430 !

3.023
3,177

329
346

407
410 ?
:

5,559 '
5,759
;

3,528
3,686 \
;

327
341

>:

56,745
61,562

COUNTRY MEMBER BANKS Continued


C.

LOANS

[In millions of dollars]

To farmers
Call date

Total
loans

Commercial

For purchasing
or carrying
securities

Other loans to individuals

To financial
institutions

Real estate

Instalment
Other

Guaranteed
by

Other

ccc

To
brokers
and
dealers

To
others

Banks

Other

Total

On
farm
land

Repair
and
modernization

Total

On
residential
property

Other

Retail
auto

Other
retail

Other

Singlepayment

29
30
2
30

4,480
4,605
4,665
4,768

1,223
1,235

517
531

24
22

226
229

6
5

1,363
1,402

185
187

870
897

309
318

1,121
1,180

1,314

495

20

224

1,477

194

955

328

1,234

1940 Mar. 26
June 29
Dec. 31

4,860
4,987
5,309

1,361
1,453

546
590

17
21

208
201

3
3

1,544
1,644

203
208

1,000
1,081

340
355

1 307
1,397

1941Apr.
June
Sept.
Dec.

5,431
5,607
5,828
5,890

1,593

555

17

195

1,739

217

1,158

364

1 504

1,676

659

20

183

1,823

215

1,234

373

1 528

5,749
5,393
5,038

1,512
1,226

5(52
339

433

16
17

169
161

2
2

1,834
1,797

212
199

1,259
1,261

363
338

674

90

91

1,017

158

465

17

164

1,750

196

1,234

320

555

60

1,084

277

436

25

197

1,725

191

1,233

302

529

53

1939

Mar.
June
Oct.
Dec.

4
30.
24
31

1942 Apr. 4
June 30
Dec. 31
1943 June 30
Oct. 18
Dec. 31. ..

....

4,497
4,780
4,654

Reserve
for
bad
debts

1,297
391

145

347

62

120

312

369

51

116

310

379

1944 Apr. 13
June 30
Dec. 30

4,582
4,780
4,910

1,096
1,149

192
352

479
450

33
32

345
310

2
2

1,708
1,719

197
195

1,220
1,234

290
290

536
547

55
56

46
50

118
118

ii?

323

390
348

1945 Mar. 20
June 30
Dec. 31

4,807
5,114
5,596

1,162
1,484

245
150

510
498

32
42

422
471

4
4

1,771
1,881

211
224

1,263
1,324

297
333

611
707

61
77

57
74

130
147

363
409

358
359

1946 June 29
Sept. 30
Dec. 31

6,605
7,334
8,004

1,781

49

630

34

354

2,398

280

1,676

442

937

124

193

506

419

2,433

57

624

29

273

2,970

317

2,089

564

1,312

189

77

100

249

698

301

1947 June 30
Oct. 6
Dec 31

9,102
9,638
10,199

2,744

765

26

244

3,381

355

2,380

645

1,693

285

114

134

319

841

235

3,096

37

781

23

227

3,827

373

2,736

718

1,979

362

142

184

362

928

224

1948 Apr. 12
June 30
Dec 31

10,877
11,234
1 1 ,945

3,279
3,296

13
422

966
935

22
21

204 i
187

4
3

4,236
4,467

399
396

3,040
3,239

797
833

2,318
2,451

492
550

197
228

2J4
241

4i3
419

1,002
1,013

263
259

70
93

1949

12,003
11,968
12,442
12,692

3,098

227

1,092

23

175

4,567

405

3,304

858

2,644

650

264

253

458

1,019

254

ii4

3,150

492

989

36

173

4,784

414

3,491

879

2,945

748

326

290

480

1,102

256

136

13,148
13,510
14,441
14,988

3,339
3,656
3,980

216
115
188

1,163
1,256
1,219

33
28
33

177
189
187

3
4
3

5,125
5,406
5,591

422
435
439

3,790
4,014
4,154

9J4
956
998

3,346
3,653
3,679

916
1,041
1,029

400
469
467

299
326
327

532
554
555

1,200
1,264
1,301

263
292
285

155 , .
158
CO
178 >

Apr. 11
June 30
Nov. 1
Dec. 31

1950 Apr.
June
Oct.
Dec.

24
30
4
30

Digitized for FRASER


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

114

2.5 COUNTRY MEMBER BANKSContinued


C. LOANSContinued
[In millions of dollars]

To farmers
Call date

Total
loans

Commercial

Guaranteed

Other

ccc

To
brokers
and
dealers

To
others

Other loans to individuals

To financial
institutions

Banks

Real estate

Total

Other

On
farm
land

Instalment

On
residential
property

Other

Total
Retail
auto

Other
retail

Repair
and
modernization

Other

Singlepayment

Other

Reserve
for
bad
debts

9..
30..
10..
31..

15,630
15,858
16,089
16,296

4,339
4,345
4,279
4,377

103
20
122
139

1,355
1,467
1,520
1,471

36
37
35
35

183
183
181
178

3
4
3
3

5,738
5,846
5,954
6,099

453
458
459
451

4,257
4,355
4,453
4,579

,028
,033
,043
,069

3,776
3,856
3,890
3,906

,046
,078
,094
,071

470
467
474
484

319
321
339
353

571
579
582
591

,370
,411
,402
,407

286
295
300
300

189
194
196
212

1952 Mar, 31..


June 30..
Sept, 5..
Dec. 31..

16,531
17,133
17,550
18,213

4,414
4,462
4,440
4,631

94
41
234
381

1,561
,693
,660
,520

25
41
36
43

181
179
187
191

3
4
17
5

6,184
6,337
6,454
6,661

458
472
472
473

4,646
4,757
4,864
5,035

,080
,108
,118
,153

3,990
4,299
4,434
4,702

,094
,229
,280
,391

483
530
564
627

351
383
414
458

617
647
662
698

,445
,510
,513
,528

299
304
315
318

221
226
227
238

1953Apr. 20..
June 30. .
Sept. 30..
Dec. 31 . .

18,792
19,028
19,417
19,934

4,781
4,817
4,790
4,822

323
145
338
860

,562
,612
,545
,345

51
41
52
59

193
201
206
210

20
6
6
4

6,777
6,883
7,018
7,114

483
488
492
487

5,100
5,185
5,299
5,362

,193
,209
,227
,264

4,999
5,243
5,379
5,441

,555
,689
,776
,786

689
731
744
767

458
483
518
537

736
764
781
794

,561
,576
,560
,557

331
328
329
332

244
247
247
253

1954 Apr.
June
Oct.
Dec.

15..
30..
7..
31 . .

20,346
20,537
20,596
21,442

4,934
5,071
5,092
5,306

980
625
373
805

,425
,546
,512
,424

64
66
75
89

193
200
208
220

18
6
22
4

7,187
7,331
7,555
7,742

500
511
517
520

5,387
5,482
5,655
5,786

,300
,338
,383
,436

5,464
5,618
5,662
5,760

,764
,796
,787
,781

751
768
774
793

535
551
565
566

814
851
872
902

,601
,652
,664
,718

340
339
361
384

258
263
265
291

1955 Apr.
June
Oct.
Dec.

11..
30..
5..
31 . .

21,739
22,799
23,490
24,379

5,490
5,815
5,937
6,290

440
311
242
537

,528
,670
,674
,590-

71
61
154
189

223
234
238
255

10
15
6
15

7,918
8,214
8,482
8,723

540
556
562
567

5,902
6,118
6,326
6,502

,475
,540
,594
,654

5,970
6,366
6,618
6,575

1,890
2,079
2,216
2,304

798
833
851
823

540
551
569
589

943
1,001
1,017
972

,800
,902
1,966
,886

393
424
451
559

303
310
312
354

1956 Apr. 10. .


June 30 . .
Sept. 26..
Dec. 31 . .

24,871
25,716
25,980
26,491

6,549
6,892
6,842
7,080

386
279
204
394

,630
,740
,722
,578

213
223
276
334

260
257
254
261

43
21
41
6

8,875
9,073
9,266
9,407

582
592
593
591

6,569
6,699
6,842
6,929

,724
,783
,831
,887

6,756
7,050
7,169
7,256

2,398
2,525
2,574
2,591

822
843
864
878

583
609
637
654

1,008
1,037
1,067
1,085

1,946
2,036
2,027
2,048

534
569
598
625

375
388
393
450

1957 Mar.
June
Oct.
Dec.

14. .
6. .
11.
31 .

26,619
27,330
27,980
28,191

7,055
7,378
7,427
7,613

400
197
117
232

,604
,752
,786
,737

321
312
382
365

256
259
252
252

62
31
65
16

9,451
9,586
9,838
9,856

594
603
606
599

6,936
7,014
7,191
7,179

1,921
1,968
2,041
2,078

7,330
7,653
7,945
7,944

2,653
2,795
2,938
2,911

878
892
922
916

650
678
732
742

1 , 106
1,151
1,190
1,204

2,043
2,137
2,164
2,171

611
638
653
696

470
477
485
520

1958 Mar. 4.
June 23.
Sept. 24. .
Dec. 31 .

28,030
28,937
29,099
30,257

7,369
7,739
7,640
8,080

368
207
239
392

,734
,948
1,960
1,976

295
351
174
294

256
282
282
268

122
82
91
6

9,906
10,172
10,497
10,806

607
621
633 I
640

7,195
7,372
7,619 1
7,823

2,103
2,179
2,244
2,344

7,840
8,030
8,076
8,239

2,890
2,888
2,886
2,894

895
906
882
899

726
737
776
802

1,202
1,260
1,304
1,335

2,127
2,239
2,229
2,308

669
664
687
779

530
538
546
583

1959Mar. 12.
June 10.
Oct. 6.
Dec. 31.

30,388
31,960
33,101
33,766

8,043
8,650
8,183
8,498

284 1
122
64
82

2,024
2,240
2,313
2,239

168
154
228
298

277
293
282
284

192
102
197
11

648
670
679
683

7,881 '
8,089
8,286
8,446

2,385
2,508
2,614
2,687

8,309
8,872
9,296
9,491

2,960
3,197
3,382
3,409

900
949
997
1,028

794
835
888
930

1,359
1,446
1,533
1,576

2,295
2,446
2,495
2,549

773
864
646
643

595
604
608
652

I960 Mar. 15.


June 15.
Oct. 3.
Dec. 31.

34,519
36,074
36,813
36,981

8,813
9,212
9,218
9,499

S3
52
184
274

2,244
2,413
2,384
2,315

281
286
293
293

153
242
361
29

976
1,085
1,031
1,147

12,045
12,220
12,402
12,449

681
693
692 !
694

8,588
8,683
8,792
8,797

2,777
2,844
2,918
2,959

9,705
10,286
10,535
10,550

3,510
3,767
3,880
3,867

1,023
1,070
1,089
1,082

946
983
1,022
1,010

1,616
1,713
1,759
1,757

2,610
2,753
2,785
2,834

625
652
656
647

679
681
689
729

1961Apr, 12. ,
June 30.
Sept. 27.
Dec. 30 . .

37,267
37,942
38,938
39,693

9,577 '
9,877
9,816
10,165 ;

344
248
164

2,370
2,489
2,507
2,450

273 i
308 |
440
508
i
359 !
337
459 i
591

367
400
412
438

307
59
626
116

950
986
1,060
1,251

12,561
12,788
13,029
13,242

706
719
730
738

8,820
8,964

3,034
3,105
3,140
3,245

10,540
10,855
10,941
11,132

3,840
3,918
3,913
3,949

1,066
1,088
1,086
1,094

987
1,012
1,025
1,020

1,782
1,828
1,855
1,874

2,866
3,010
3,061
3,195

648
659
676
751

756
756
753
805

1951 Apr.
June
Oct.
Dec.

H-i
-*
<

For purchasing
or carrying
securities

Digitized for FRASER


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

36.

10,913
11,267
922 1 1 , 579
1,056 11,816

9,160

9,258

^
7>
US

39,888
41,492
42,556
44,698

10,207
10,719
10,854
11,299

456
330
149
406

2,472
2,677
2,741
2,781

405
424
499
728

442
416
397
447

448
240
478
764

1,149
1,256
1,308
1,563

13t297
13,728
14,145
14,441

762
800
824
834

9,228
9,475
9,725
9,892

3,307
3,453
3,596
3,716

11,110
11,792
12,054
12,273

3,980
4,298
4,420
4,569

1,065
1,119
1,153
1,177

989
1,012
1,044
1,049

1,880
1,992
2,056
2,079

3,197
3,372
3,382
3,399

721
732
760
826

819
822
828
831

1963 Mar. 18., 44,805


June 29.. 46,934
Dec. 20.. 50,023

11,448
12,215
12,831

530
293
289

2,829
3,085
3,085

635
680
708

452
469
496

708
412
966

1,381
1,463
1,591

14,627
15,206
16,114

876
919
954

9,959
10,321
10,889

3,792
3,965
4,272

12,319
13,186
13,951

4,648
5,080
5,399

1,167
1,236
1,285

1,022
1,054
1,100

2,094
2,224
2,366

3,387
3,592
3,801

796
856
917

919
931
925

1964 June 30.. 52,289


Dec. 31 . . 55,733

13,614
14,556

136
182

3,399
3,311

644
830

534
599

565
710

1,525
1,730

16,883
17,964

1,033
1,094

11,266
11,881

4,583
4,989

15,063
15,899

5,973
6,328

1,384
1,473

1,100
1,139

2,541
2,676

4,066
4,284

939
1,047

1,012
1,095

1965 June 30.. 59,411


Dec. 31 . . 63,338

15,641
16,478

145
214

3,569
3,626

629
650

616
698

796
1,079

1,675
1,983

18,984
20,217

1,164
1,218

12,469
13,237

5,351
5,762

17,413
18,423

7,083
7,481

1,602
1,720

1,170
1,202

2,921
3,080

4,636
4,940

1,074
1,177

,131
,207

1966 June 30. . 66,647


Dec. 31 . . 69,212

17,657
17,938

(2)
()

3,938
3,986

437
790

693
761

'i.sis

1,152

1,966
2,175

21,230
22,253

1,278
1,327

13,749
14,325

6,203
6,601

19,552
20,000

7,990
8,175

1,850
1,974

1,225
1,258

3,274
3,410

5,214
5,183

1,261
1,307

,239
,317

1967 June 30. . 72,276


Dec. 30.. 75,612

19,120
19,839

(*)
(2)

4,323
4,332

591
607

830
906

116
100

1,928
2,200

22,996
24,453

1,378
1,466

14,755
15,665

6,863
7,321

20,735
21,554

8,442
8,599

2,053
2,282

1,266
1,345

3,579
3,849

5,394
5,479

,341
,433

1968 June 29.. 78,609


Dec. 31.. 84,002

20,363
21,811

4,610
4,493

436
720

835
969

77
119

1,899
2,147

25,647
27,164

1,581
1,585

16,336
17,252

7,730
8,327

22,721
24,154

9,144
9,641

2,454
2,696

1,350
1,414

4,078
4,378

5,695
6,024

1969 June 30.. 89,161


Dec. 31.. 92,718

22,984
23,762

C2)
(2)
C22 )

12,977
^3,054
i 31485
i3,989

()

4,779
4,739

460
498

963
947

104
148

2,041
2,263

28,308
28,824

1,707
1,640

18,040
18,329

8,561
8,854

25,509
26,362

10,192
10,385

2,953
3,425

1,455
1,491

4,604
4,715

6,305
6,345

14,014
i 5,176

,6(3
,747

1970 June 30. . 94,573


Dec. 3 1 . . 99,841

24,361
25,637

C22 )

5,088
5,052

337
524

887
828

159
239

2,139
2,648

29,127
30,005

1,674
1,951

18,419
18,790

9,034
9,264

26,858
27,585

tO, 390
10,292

3,899
4,276

1,481
1,518

4,767
5,006

6,321
6,493

15,617
17,323

,757
,781

1962 Mar. 26..


June 30. .
Sept. 28..
Dec. 28. .

()

1
1

,466
,565

For notes see end of Table 2.5 E.

2.5 COUNTRY MEMBER BANKSContinued


D.

INVESTMENTS

[In millions of dollars]


U.S. Govt. securities 1
Direct

Call date

Notes, maturing

Total
investments
Total

Bills

Certifi_ cates

Bonds
Marketable, maturing

Within
1 year

After
I year

Total

Within
1 year

1-5

5-10

10-20

Over 20
.years

Other

261

1,298
1,253
,200
,140

99
98
97
96

875
1,092

150
126

719
695
710

1,076
1,097
1 , 146

,101
,051
,012

96
92
90

795

1,294

113

822

1,423

452

694
788
919
861

1,176
1,165
1,191
1 , 222 -

991
958
955
941

90
89
89
87

2,578
2,444
2,383
2,434

15
11

585
563

1,978
1,870

126
144

620
655

817
741

4J6
329

31

431

1,972

156

663

893

1940 Mar. 26..


June 29..
Dec. 31..

5,334
5,270
5,517

2,341
2,335
2,559

36
45

451
433

1,849
2,081

138
250

686
614

1941 Apr.
June
Sept.
Dec.

5,713
5,839
6,024
6,628

2,762
2,839
2,870
3,517

60

374

2,404

202

110

481

2,926

228

Digitized for FRASER


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

Federa
agency

1,001
1 ,025
1,058
1,061

5,618
5,504
5,437
5,456

4..
30. .
24. .
31..

Guaranteed

Corporate
stock
(including
F. R.
Bank
stock)

643
683
699
725

29..
30. .
2. .
30. .

1939 Mar.
June
Oct.
Dec.

Nonmarketable

Securities
of
States,
etc.

Other bonds,
notes, and
debentures

2.5

COUNTRY MEMBER BANKSContinued


D.

INVESTMENTS - Continued
[In millions of dollars]

U.S. Govt. securities 1


Direct
Total
investments

Call date

Bonds

Notes, maturing

Total

1942 Apr. 4. .
June 30, .
Dec. 31 . .

7,004
7,737
11,380

3,950
4,878
8,598

1943 June 30..


Oct. 18..
Dec, 31..

14,667
17,323
17,534

11,928
15,212
14,927

1944 Apr. 1 3 . .
June 30. .
Dec. 30..

19,238
20,071
23,610

1945 Mar. 20..


June 30. .
Dec. 31..

Bills

Certificates

Marketable, maturing
Within
1 year

After
1 year

Securities
of
States,
etc.

Total

Within
1 year

5-10

1-5

Nonmarketable

Over 20
years

10-20

Guaranteed

Other bonds,
notes, and
debentures

Federal j
agency

Corporate
stock
(including
F. R.
Bank
stock)

Other

2] 661

1,674
1,641

419
460

136
142

797
624
574

1,253
1,222
1,252

919
929
874

86
84
81

1,204

3,250

1,883

603

150

581

1,339

4,874

1,694

642

156

538

1,241
1,229
1,214

838
805
777

78
77
78

10,114
12,540

1,327
1,457

5,892
8,025

1,810
1,800

742
836

344
422

252
241

1,212
1,212
1,230

779
774
752

76
76
76

4,613
4,544

14,504
16,713

1,909
2,763

9,560
9,959

i,486
,,854

920
1,460

629
677

21
9

1,264
1,281
1,342

774
802
989

77
77
78

5,231

3,696

17,170

3,142

10,253

1,605

1,494

676

12

4,020

2,470

17,797

4,289

9 , 397

1,903

1,538

670

1,426
1,507
1,551

,219
,187
,204

80
81
82

3,035

1,960

17,696

4,897

8,601

1,990

1,552

656

2,583

2, 108

17,681

6, 168

7,098

2,242

1,322

851

1,813
1,934
2,006

,167
,208
,178

83
83
83

3,121
3,340

1,868
1,128

16,344
16,046

5,109
6,854

"'j',205'
5,075

1,954
1,978

1,228
1,068

848
1,071

5
4

2,165
2,223
2,286

,191
,189
,131

86
86
87

630

3,286

778

16,192

8, 162

3,596

2,177

1,201

1,056

1,148

3,753

1,768

15,189

9, 133

2,680

1,130

1,193

1,053

2,272
2,306
2,467
2,505

,104
,086
,085
,070

87
88
89
90

1,107
1,344
1,390

2,133
869
588

3,835
5,263
6,107

14,750
13,768
13,286

9,257
8,131
7,568

2,431
2,495
2,408

876
867
830

1,209
1,226
1,231

976
, 049
,249

5
5
5

2,666
2,753
2,923
2,998

,056
,060
,102
,100

92
92
93
94

20,493
20,243
20,964
21,582

982
1,065
1,750
2,418

951
2,027 i
2,568

6,404
5,430
4,414
4,008

13,107
12,797
12,774
12,587

7,420
7,233
7,291
7,050

2,371
2,223
2,132
2,169

878
835
805
834

1,136
1,152
1,184
1,157

,303
,355
,362 '
,376

4
4
6
5

3,075
3,137
3,252
3,334

,120
,110
,114
,127

96
96
98
100

26,108
25,904
26,565
27,381

21,460
21,200
21,797
22,545

2,078
1,914
1,883
2,692

2,697
2,551
2,497
2,024

3,997
3,918
3,858
4,204

12,688
12,817
13,559
13,625

6,955
6,849
6,789
6,709

2,336
2,498
3,274
3,560

933
977
1,931

, 380
,400
,402
,424

4
5
4
4

3,417
3 , 494
3,546
3,639

,123
,101
,116
,091

102
103
102
103

26,818
26,330
27,322
27,470

21,923
21,390
22,301
22,418

2,065
1,784
2,056
1,819

1,851
1,916
3,436
3,374

4,204
4,114
4,745
4,285

13,803
13,576
12,065
12,940

7,013
7,513
6,030
6,563

3,456
2,820
2,823
3.172

1,907
1,762
1,758
1 9 762

,428
,424 ,
,412
,399

3
4
5
5

3,756
3,802
3,876
3,911

,029
,028
,034
,029

105
105
107
107

171
671

355
1,251

1,194
1,032

17,170
17,757
21,310

24,319
26,253
29 , 407

22,204
24,073
26,989

1946 June 29..


Sept. 30..
Dec. 31. .

29,281
28,722
27,408

26, 544
25,948
24,566

1947

June 30, .
Oct. 6 , .
Dec. 31.

25,955
26,389
26,125

22,887
23,164
22,851

197
480

1948 -Apr. 12..


June 30.
Dec. 31.

25,822
25,389
24,781

22,381
21,886
21,273

552
760

1949 Apr.
June
Nov.
Dec.

11.
30.
1.
31.

24,431
24,370
25,610
25,527

20,967
20,886
21,969
21,859

1950 Apr. 24.


June 30.
Oct. 4.
Dec. 30.

25,779
25,734
25,367
25,570

21,964
21,825
21,244
21,372

1951- Apr.
June
Oct.
Dec.

9.
30.
10.
31.

24,789
24,590
25,434
26,148

1952 Mar.
June
Sept.
Dec.

31 .
30. .
5..
31..

1953 Apr.
June
Sept.
Dec.

20..
30..
30..
31

Digitized for FRASER


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

657
1,240

3,696
5,436

279
532

2,276

1,368

7,091

3,094

2,096

926
882

3,362
3,466

3,355
4,422

762
630

4,194
5,102

447
279

|
i

1,144
1,137
1,116

57
42
44

15..
30. .
7..
31..

26,796
26,937
29,110
29,024

21,719
21,775
23,767
23,626

1,707
1,548
2,062
1,893

2,334
1,855
1,492
1,774

3, 65
4,(H7
4, 347
4,'731

14,514
14,355
15,366
15,228

5, 70
4,i559
5,i546
4,()28

6,061
6,138
6,087
7,679

1,855
1,938
2,010
2,100

32
27
23
21

1,395
1,393
1,401
1,399

6
4
3
3

3,977
4,067
4,221
4,275

cJ84
()80
,(X)8
,(>07

110
110
111
112

1955 Apr. 11..


June 30..
Oct. 5..
Dec. 31

28,574
28,006
28,313
28,397

22,936
22,318
22,525
22,567

1,487
1,261
1,599
1,774

1,233
587
523
913

5, 261
5, 554
5, 508
5,()56

14,955
14,916
14,895
14,825

3,i551
3,'783
3,i525
4,'740

7,528
7,592
7,527
6,726

2,112
2,084
2,076
1,902

75
70
94
89

1,389
1,387
1,372
1,368

3
3
3
3

4,412
4,458
4,555
4,581

108
111
\ 112
, 27

116
117
118
119

1956 Apr.
June
Sept.
Dec.

10..
30 . .
26. .
31 . .

27,535
27,035
27,627
28,080

21,622
21,072
21,591
22,033

1,265
1,267
1,579
2,362

814
489
858
792

4, *44
4,<588
4,(560
4,'158

14,699
14,628
14,493
14,420

4,"716
4,'791
5,()06
7 , <583

6,820
6,763
6,413
3,724

,915
,895
,916
,916

77
75
75
73

1,171
1,104
1,083
1,024

3
4
4
4

4,663
4,731
4,790
4,827

, 25
, 05
,1 17
,()88

122
123
125
127

1957 Mar.
June
Oct.
Dec.

14..
6. .
11..
31 . .

11,111
27,782
28,585
28,629

21,533
21,405
22,054
21,811

1,914
1,920
2,268
2,226

929
1,326
1,960
1,909

4, (Z46
3, HO
3, 591
3, 557

14,444
14,248
14,135
13,819

7,S544
7,5578
8,'169
8, 532

3,638
3,590
3,116
2,773

,878
,914
,746
,768

74
72
67
66

1,009
792
737
680

4
4
4
4

4,968
5,109
5,263
5,365

, 142
, L34
, 31
U6

130
131
132
133

1958 Mar.
June
Sept.
Dec.

4. .
23..
24. .
31 . .

28,292
29,288
30,450
31,254

21,360
21,997
22,940
23,603

1,752
1,409
1,825
2,475

1,385
1,465
2,202
2,306

3,"718
3, 552
4,()28
4,<195

14,506
15,272
14,885
14,327

8,;>49
7,:>59
8,:>43

7,'780

3,651
5,283
3,869
3,988

,815
,875
,912
,699

123
185
190
196

667
669
671
663

4
3
3
3

5,440
5,775
6,038
6,181

J51
J75
*29
*26

137
138
140
141

1959Mar.
June
Oct.
Dec.

12..
10..
6. .
31 . .

30,861
30,288
30,212
30,316

23,199
22,577
22,384
22,531

1,952
1,642
2,046
2,381

2,161
1,622
874
863

4, 757
5,()23
5, 541
5,'751

14,329
14,290
13,924
13,536

8, 526
8,'769
8, 561
8,<*64

2,927
2,907
3,221
3,316

,713
,749
,339
,116

211
214
207
195

652
652
597
446

3
5
4
4

6,250
6,392
6,480
6,452

>66
|' 68
,1 95
, L79

144
147
149
151

1960 Mar.
June
Oct.
Dec.

15..
15..
3..
31..

29,996
29 , 353
29,720
30,909

22,151
21 , 552
21,840
22,842

1,731
1,329
1,913
2,817

602
807
995
888

5,^)92
5,<28
6, 591
7,;MO

13,826
13,489
12,342
1 1 , 897

9,<)26
9,'712
8,'\ii
7,<)97

2,331
2,259
2,325
2,423

944
914
903
903

181
191
278
225

444
414
359
349

4
4
5
6

6,537
6,565
6,712
6,752

,1 48
,{J72
,()01
,1 44

157
159
162
164

1961 Apr.
June
Sept.
Dec.

12..
30. .
27..
30. .

31,239
31,196
32,794
33,438

22,852
22,575
23,906
24,371

2,511
2,228
3,474
3,614

580
737
524
566

1,665
1,853
2,101
2,858

5,970
5,853
6,288
6,702

12,126
11,904
11,519
10,631

1,811
2,187
1,807
781

5,270
5,027
5,294
6,070

3,709
3,390
3,155
2,566

I ,(c>01
m
t>36

335
329
326
241

30
33
35
36

7,042
7,220
7,410
7,530

803
868
960
1,019

341
328
307
302

171
172
175
179

1962 Mar,
June
Sept.
Dec.

26. .
30 . .
28..
28..

33,395
33,528
35,203
35,926

24,080
23,800
24,911
25,380

3,071
2,667
3,493
4,144

1,047
1,075
1,049
1,223

3,013
3,823
2,057
1,852

6,180
5,582
6,782
6,997

10,769
10,653
11,530
11,164

751
353
1,259
890

5,241
5,341
4,503
4,881

3,561
3,806
5,051
4,786

c>87
c>32

229
221
213
160

37
43
41
45

7,785
8,146
8,532
8,694

1,002
1,059
,225
,296

306
290
302
316

185
189
191
194

1963 Mar. 18..


June 29..
Dec. 20. .

35,641
36,019
37,293

24,794
24,461
24,751

3,718
3,112
3,822

1,085
1,106
573

1,231
1,773
2,398

7,537
7,078
6,133

11,224
11,392
11,825

787
605
471

4,078
4,332
5,464

5,605
5,695
5,158

t500
1 >09

587

154
151
145

25
36
46

9,099
9,692
10,385

,213
306
,596

310
321
308

200
203
208

1964 June 30. .


Dec. 31 . .

36,048
38,026

23,154
24,283

2,749
4,209

15

2,302
2,787

6,427
4,419

11,661
12,867

689
638

5,254
6,510

5,005
5,222

574
567

139
130

64
57

10,808
11,531

,460
,612

347
320

216
222

1965 June 30
Dec. 31 . .

37,632
40,023

22,663
23,735

2,932
4,389

2,666
2,810

3,184
2,756

13 881
14,049

517
1,055

7 089
7,451

5,749
5,099

LK)l

S90

125
55

34
49

12 637
13^805

1 786
2^003

282
479

231

1966June 30..
Dec. 31 . .

39,653
40,877

21,709
22,419

2,431
3,544

376
247

2,491
2,770

3,072
3,147

13,606
13,034

505
521

7,534
8,034

5,120
4,035

195
95

52
49

50
63

14, 849
15,473

2 613
2,493

48 1
49 2

1967 June 30..


Dec. 30. .

42,288
47,515

21,557
24,689

2,512
4,168

194

1,583
2,133

4,331
5,660

13,181
13,050

770
1,793

8,351
8,277

3,590
2,479

At24
i.158

46
43

88
96

16,927
18 338

3,184
3 846

62 0
64 2

1968 June 29..


Dec. 31 . .

47,756
51,362

23,469
24,998

2,188

2,497

7,101

11,970

1,888

7,055

2,539

iW9

39

93

19,607
21 , 269

4,020
4 418

660
67 3

1969 June 30
Dec. 31..

49 138
48,568

21 , 686
21,278

1,688

1,784

8,610

9,937

2,751

6,375

295

4! [

35

54

22 559
22 \ 572

4 230
4/057

f\(\
DO
^
66 1

1970 June 30
Dec. 31..

48 521
54,726

19,999
22,586

1,472

4,252

7,883

6,709

895

5,301

107

3- 7

29

127

23 667
26^079

4 145
5', 196

71
86 6

1954 Apr.
June
Oct.
Dec.

ts>

504
iW7

I
dd

C/3

For notes see end of Table 2.5 E.

Digitized for FRASER


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

2.5 COUNTRY MEMBER BANKS Continued

I
w
w

E. DEPOSITS
[In millions of dollars]
Time

Demand
IPC

Call date

Total
deposits

Total
IPC

1939

Mar 29
June 30
Oct 2
Dec 30

12,733
12,943
13,427
13,762

6,953
7,113
7,584
7,884

f Foreign
[. govt.
| and
' other
|
5,087
5,272
5,736
5,896

Interbank
State
and
local
govt.

1,176
1,130
1,073
1,090

U.S.
Govt.

137
136 !
133
154

Certi- !
Domestic
f led
a nH
oftleers'
;
ch scks,
j Com tc.
Mutual 5 mersavings 1 cial
114
135
131
172

438
439
511
571

Total
Foreign

2
2

5,780
5,830
5,843
5,878

' Foreign
i Other
govt.
Savings ! time
and
other

5,557
5,619
5,632
5,677

*
w

Interbank

IPC

State
and
local
govt.

153
145
148
140

U.S.
Govt.

Domestic

postal
j
savings i!
| Com- Foreign
Mutual mer: savings j cial j
46 i
40
35
35
1

25
26
27
26

!
i
i
!

1940 Mar 26
June 29
Dec 31

13,854
13,950
15,132

7,882
7,921
9,003

5,832
5,960
6,846

1,205
1,115
1,184

151

147
143

131
164 ]
187 1

568
538
633

2
2

5,972
6,029
6, 129

5,757
5,816
5,917

151
147
150

35
37
33 "

29
29
29

1941 Apr.
June
Sept.
Dec

15,319
15,799
16,532
17,415

9,109
9,545
10,215
11,127

6,886
7,282
7,805
8,500

1,269
1,269
1,341
1,370

114
151
168
225

163
190
169
239

677
652
734
790

6,210
6,254
6,317
6,288

6,006
6,049
6,110
6,082

142
143
145
146

31 1.
31 1
30 I
31

31
30
32
30

^ 1942^-Apr. 4
JO
June 30
tsJ
Dec 31 .

17,253
17,996
22,459

11,102
11,753
15,869

8,376
9,141
11,989

1,473
1,429
1,558

269
237
1,090

202
196 i
272 1

782
747
957

3'
4

6,151
6.242
6.589

5,948
6,042
6,397

145
143
140

30 1
31
32'

27
27
20

1943 June 30.


Oct 18
Dec 31.

25,047
28,177
28,414

17,959
20,658
20,593

1 3,604
14,336
15,561

1,619
1,590
1,727

1,527
3,512
1,962

277 1
271
344

928
945
994

7,088
7,519
7,821

6,886
7,306
7,599

148
146
149

37
51 ',
56 i

17
16
17

1
ij
I

1944 Apr 13
June 30
Dec 30

29,532
31,248
35,871

21,261
22,547
25,975

15,677
15,609
18,350

1,761
1,743
1,868

2,601
3,926
4,230

288
314
369

929
951
1,149

6
5

8,271
8,702
9,896

8,048
8,477
9,650

156
157
175

52 :;
52 '
57 j

15
15
14

; ........

1945~Mar. 20
June 30
Dec 31

35,900
38,798
43,418

25,363
27,542
30,907

19,014
18,945
21,797

1,959
1,939
2,004

2,952
5,195 |
5,465

361 !
346
435 i

1,068
1,108
1J99

8
8
8

10,537
11,256
12;511

10,279
10,981
12,224

181
207
219

5g
54
52

21
14
17

453
441
524

997
972
!,067

8
8
8

13,534
13,901
14,070

13,226
13,577
13,727

242
254
272

4g
54
55

8 14,475
7 i 14,619
7 14,576

14,101
14,229
14,177

308
324
337

49
50
45

17
17
17

4..
30. . . . . . . . .
24
31

I
17
17

194g June 29
Sept 30
Dec 31

43,049
43,342
43,066

29,515
29,441
28,996

22,594
23,536
24,128

2,269
2,328
2,39!

3,194 '
2,155
877 '

1947 June 30
Oct 6
Dec 31

42,133
43,876
44,443

27,659
29,257
29,866

23,380
24,528
25,203

2,511
2,4B7
2,647

424
794
432

451 '
435
528 ,

1948 Apr 12
June 30
Dec 31

43,914
43,903
45,102

29,042
29,003
30,321

24,136
24,161
25,248

2,772
2,839
2,925

844
680
688

468
516
510

814
798
943

8
9
8

14,872
14,900
14,781

14,456
14,473
14,369

354
364
350

46
49
49

15
14
13

1 949 Apr
June
Nov
Dec

11
30
1
31

44,050
43,422
44,952
45,534

29,144
28,528
30,066
30,759

24,135
23,767
24,890
25,337

2,937
3,009
3,060
3,058

842
520
762
797

427
462
477
579

796
762
868
979

8
8
10
9

14,906
14,895
14,886
14,774

14,453
14,433
14,406
14,289

385
383
394
400

56
67
73
73

12
12
13
13

1950 -Apr
June
Oct
Dec,

24
30
4
30......

45,357
45,888
46,753
48,897

30,297
30,812
31,806
34,020

24,949
25,122
26,400
27,980

3,136
3,246
3,116
3.282

866
1,036
828
922

493
549
558
715

844
850
894
1.111

9
10
10

15,060
15,076
14,947
14,877

14,544
14,555
14,414
14,339

429
434
444
443

74
75
76
82

13
12
13
12

Digitized for FRASER


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Federal Reserve Bank of St. Louis

885
1,006
1,049

i
1

....:...

..

i...
i

........

....

........

9.
30.
10.
31.

47,940
47,877
50,001
52,288

32,995
32,764
34,615
36,744

26,646
26,562
28,601
30,234

3,286
3,404
3,336
3,554

1,523
1,248
1,032
876

583
626
551
783

947
913
,085
,285

14,944
15,114
15,386
15,543

14,396
14,526
14,788
14,914

449 I
480
471 I
491 I

87
96
113
125

12
12
13
13

1952Mar. 31.
June 30.
Sept. 5.
Dec. 31.

50,841
51,571
52,431
55,175

35,034
35,485
36,130
38,578

28,360
28,616
29,639
31,473

3,666
3,708
3,603
3,772

,297
,384
,194
,267

650
705
629
777

,048
,060
,053
,278

15,807
16,087
16,301
16,597

15,157
15,413
15,621
15,908

503 j
521 !
526
525

134
141
142
152

13
11
12
13

1953Apr. 20.
June 30.
Sept. 30.
Dec. 31.

53,670
53,606
54,756
56,740

36,702
36,355
37,222
39,035

29,802
29,810
30,193
31,636

3,922
3,885
3,868
4,063

,168
932
,429
,216

763
668
664
820

,037
,049
,055
,288

11
11
12
12

16,968
17,251
17,535
17,704

16,277
16,531
16,810
16,921

528
553
557
615

151
154
154
153

13
14
14
14

1954Apr.
June
Oct.
Dec.

15
30
7
31

55,351
55,943
57,770
59,360

37,245
37,464
38,922
40,551

29,959
29,898
31,244
32,736

4,321
4,261
4,068
4,263

,069
,362
,635
,271

739
720
654
795

,145
,212
,311
,469

13
11
11
17

18,106
18,479
18,848
18,809

17,261
17,553
17,850
17,826

677
759
815
799

151
148
162
163

16
15
17
19

1955Apr.
June
Oct.
Dec.

11.
30.
5.
31.

58,501
58,594
59,596
61,636

39,533
39,355
40,181
42,246

32,177
31,487
32,765
34,235

4,191
4,433
4,293
4,425

,085
,339
,057
,061

785
831
775
1,020

,282
,249
,277
,488

13
15
15
17

18,968
19,239
19,414
19,390

17,977
18,232
18,390
18,371

813
830
850
844

158
158
156
157

18
16
16
16

1956Apr. 10
June 30
Sept. 26
Dec. 31

60,364
60,591
61,129
64,289

40,651
40,605
40,909
43,950

33,012
32,383
33,088
35,473

4,390
4,581
4,399
4,538

,116
,372
,361
,160

769
934
805
1,183

,348
,321
,243
,580

16
15
15
16

19,713
19,986
20,219
20,339

18,640
18,950
19,182
19,324

906
871
875
847

150
148
145
146

15
15
15
15

1957_Mar. 14.
June 6.
Oct. 11.
Dec. 31.

61,841
62,192
64,501
65,991

40,775
40,568
42,075
43,545

33,381
32,635
34,249
35,029

4,533
4,740
4,448
4,669

711
,097
,217
,181

860
835
769
1,027

,275
,243
,374
,621

14
18
17
18

21,066
21,624
22,427
22,447

19,981
20,491
21,312
21,366

912
962
956
928

143
142
138
135

24
23
14
13

ls> 1958Mar. 4.
June 23.
Sept. 24.
Dec. 31.

64,101
65,741
66,877
70,277

41,007
41,425
41,892
45,103

33,138
32,573
33,854
36,498

4,714
4,769
4,610
4,819

969
,857
,197
,175

811
943
862
1,032

,358
,267
,355
,565

17
15
14
13

23,093
24,315
24,985
25,174

21,897
22,811
23,481
23,755

1,047
,331
,328
,250

130
135
131
132

14
33
39
31

1959Mar. 12.
June 10,
Oct. 6.
Dec. 31.

68,070
69,175
70,790
72,323

42,583
43,061
44,430
45,942

34,802
35,150
35,823
37,003

4,682
4,718
4,841
4,972

846
950
1,407
1,508

938
944
970
857

,302
,281
,373
,578

14
19
16
24

25,488
26,114
26,360
26,380

24,047
24,620
25,039
25,146

,282
,320
,155
,077

125
140
137
132

29
28
20
16

I960Mar. 15....
June 15....
Oct. 3 ....
Dec. 31....

71,597
72,222
73,489
76,004

44,337
44,490
44,736
46,956

35,918
35,686
36,014
37,598

4,943
4,923
4,986
5,083

1,550
1,951
1,725
1,783

616
631
593
713

,296
,285
,399
,755

15
14
18
23

27,260
27,732
28,753
29,048

25,910
26,289
27,125
27,327

,192
.290
,467 j
,562

132
127
127
122

18
17
22
27

1961Apr. 12.
June 30.
Sept. 27.
Dec. 30,

74,797
75,407
77,306
81,646

44,614
44,549
45,906
49,777

36,792
35,525
36,490
40,091

4,842
5,226
5,008
5,320

877
1,730
2,423
1,641

607
657
556
796

161
149
152
171

1,314
1,243
1,257
1,739

20
14
15
15

30,183
30,858
31,400
31,869

25,432
25,843
26,183
26,749

2,854
3,104
3,253
3,079

,736
,752
,810
,891

117
116
112
108

30
29
28
29

6
3
4
3

1962Mar. 26.
June 30.
Sept. 28.
Dec. 28.

79,061
81,577
84,178
87,342

45,484
46,727
48,197
50,599

36,425
36,656
37,961
40,795

5,093
5,261
5,398
5,337

1,940
2,601
2,623
1,931

570
676
618
756

155
171
148
173

1,283
1,342
1,427
1,580

14
17
17
19

33,577
34,851
35,981
36,744

27,028
27,609
28,257
28,835

4,270
4,923
5,389
5,506

7
9

2,125
2,158
2,178
2,242

103
104
102
100

35
37
38
41

2
3
3
2

1963Mar. 18.
June 29.
Dec. 20.

86,513
89,470
92,759

48,411
50,039
52,010

38,866
38,697
41,872

5,456
5,610
5,590

1,752
3,332
1,960

700
755
790

172
177
166

1,440
1,440
1,597

19
25
29

38,102
39,431
40,749

29,396
30,155
30,673

6,043
6,481
7,146

7
10
11

2,504
2,631
2,778

97
94
86

13
17
12

42
42
43

1964June 30.
Dec. 31.

94,733
101,581

51,881
56,340

40,736
45,292

5,674
6,031

2,872
1,760

856
1,068

194
187

1,511
1,954

34
41

42,853
45,240

31,695
33,007

8,044
8,756

11
40

2,956
3,283

83
83

14
9 !

48
52

1965June 30.
Dec. 31.

103,304
110,738

54,847
58,990

42,805
47,611

6,010
6,360

3,222
1,501

979
1,143

191
241

1,593
2,076

41
54

48,457
51,748

34,828
36,782

9,870
10,709

40
42

3,566
4,064

81
77

7 !
9|

1966June 30.
Dec. 31.

112,702
118,320

57,749
60,537

44,917
48,701

6,781
6,805

3,052
1,474

1,082
1,161

196
197

1,664
2,138

52
57

54,953
57,783

37,304
13,398 i
37,328 ; 16,026 I

43
30

4,071
4,260

74
71

1951 Apr.
June
Oct.
Dec.

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I;'

5!

9
12
10

2
10

56
57
50
46

10
17

2.5

COUNTRY MEMBER BANKSContinued


E. DEPOSITSContinued
[In millions of dollars]

Demand

Time
Interbank

IPC
Call date

Total
deposits

Total

IPC

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.

Certified
and
officers'
checks,
etc.

IPC

Domestic

Total

Commercial

Foreign

Mutual
savings

Savings

Other
time

Interbank

Foreign
govt.
and
other

State
and
local
govt.

U.S.
Govt.
and
postal
savings

Domestic

Mutual
savings

Commercial

Foreign

1967June 30
Dec. 30

121,436
131,773

58,383
65,491

46,667
52,620

4
4

7,064
7,142

1,380
1,564

1,221
1,395

210
318

1,795
2,390

42
57

63,053
66,281

37,893
39,308

19,881
21,482

44
40

5,054
5,272

75
83

23
6

75
77

8
13

1968 June 29
Dec. 31

133,435
145,287

63,252
70,698

50,452
57,259

6
4

7,382
7,703

1,811
1,281

,343
,612

230
233

1,977 !
2,549

51
58

70,183
74, 589

39 , 674
40,120

24,899
28,173

35
56

5,395
6,043

78
86

14
7

73
94

15
11

1969 June 30
Dec. 31

144,327
148,579

67,524
72,753

54,427
58,297

4
7

7,490
7,905

1,447
1,671

,641
,721

225
281

2,240
2,799

49
72

76,803
75,826

39,670
39,022

31,141
31,709

41
37

5,776
4,920

88
54

5
21

74
60

7
2

1970 June 30
Dec 31

148,452
162,288

68,929
75,785

54,584
59,978

3
4

7,670
8,045

2,259
2,592

,650
,779

236
241

2,471
3,078

56
68

79,523
86, 502

39,084
40,752

34,075
37,569

48
49

6,176
7,885

60
112

9
21

58
113

14

GENERAL NOTES TO TABLES 2.1 THROUGH 2.5:

NOTES TO SPECIFIC PARTS OF TABLES:

Beginning June 30, 1969, figures take into account the


following changes made effective as of that date: (1) inclusion
of consolidated reports (including figures for all bankpremises subsidiaries and other significant majority-owned
domestic subsidiaries) and (2) reporting of figures for total
loans and for individual categories of securities on a gross
basisthat is, before deduction of valuation reservesfather than as previously reported.
Beginning June 30, 1969, a small member bank in the Virgin
Islands, and through June 30, 1970, a small bank engaged
exclusively in trust business, have been excluded.

Part "C" of all tables:

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Part "D" of all tables:

The following tabulation shows, for each class of member bank, the
amounts, (in millions of dollars) of Federal funds and of securities purchased under agreements to resell that have been included in various loan
items:
Reserve city member banks
All

member

Date

New
York
City

Chicago

Included in "loans to banks":


1965Dee. 31
1966=June30
Dec. 31

1,861
1,772
2,119

412
134
109

72
110
31

Country

Other

Federal Funds
471
526
817

905
1,002
1,161

Included in "other loans":


Federal funds
and securities purchased under agreements to resell
1967 -June 30
Dec. 30. . . . . . . .
1968-June 30........
Dee. 31
1969June 30
Dec. 31.
1970June 30
Dee. 31..,.,...

3,377
3,438
4,041
5,550
5,444
7,356
8,267
12,677

423
415
556
747
992
802
553
774

192
266
192
312
207
215
383
475

1,168
1,219
1,422
2,197
1,997
3,020
3,473
6,007

1,594
1,538
1.871
2,295
2,248
3,318
3,858
5,420

Beginning with June 30, 1966, loans to farmers guaranteed by the CCC
classified as securities ("Federal agency" under "Other bonds, notes,
and debentures").

i Beginning with Dec, 31, 1965, components shown at par


rather than at book value; they do not add to the total (shown
at book value) and are not comparable with earlier figures.

Section 3

INSURED BANKS
Contents
INTRODUCTION

127

BACKGROUND INFORMATION
AND SOURCES OF DATA

127

TABULAR GROUPINGS AND


COVERAGE

128

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Federal Reserve Bank of St. Louis

125

Tables

3.1 Insured Commercial Banks, June and December Call Dates, 1939-70
A. Total Assets and Number of Banks
B.

Total TJa.hilit.ifts

C.
D.
E.

T.nans
I nvftst.ments
Deposits

___

__
..._. _

3.2 Insured Mutual Savings Banks, June and December Call Dates, 1939-70
A. Principal Assets
._.
B. Principal Liabilities and Number of Banks_
.

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.. 130
_ __

126

...^,
_

_.

___.,_

132
134
136
13 8

140
141

INSURED BANKS

Section 3

INTRODUCTION
Most of the series for insured banks, presented in this section, are the same as, or similar to, those for member banks, as described
in Section 2. For details concerning the series

presented in this section, readers may therefore find it helpful to refer to the text of
Section 2. The materials shown below are
largely of a background nature.

BACKGROUND INFORMATION AND SOURCES OF DATA


All member banks of the Federal Reserve
System, both national and State, have their deposits insured by the FDIC. Nonmember banks
are admitted to insurance upon application to
and approval by the Corporation. The maximum amount of insurance for each deposit
account has been raised from time to time since
the Corporation was created. At the end of
1970 the maximum was $20,000.1
Call reports are required by law to be rendered by national banks to the Comptroller of

Statistics of assets and liabilities of insured


banks, based on tabulations of so-called "call
report" data at semiannual intervals, provide
detailed information for the largest coverage of
banks now reporting on a comparable basis.
Detailed figures by States and by major classes
of insured banks were published by the Federal
Deposit Insurance Corporation (FDIC) for
end-of-June and end-of-December dates for the
period June 1934 through December 1968 in a
report entitled Assets and Liabilities of Operating Insured Banks. Beginning with June
1969, the report was expanded to.cover all
commercial and mutual savings banks, and it is
entitled Assets and LiabilitiesCommercial
and Mutual Savings Banks.

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In late 1974 the maximum for individual accounts


and for demand accounts of public units was raised
to $40,000, and full insurance for time and savings
accounts up to $100,000 was approved for public
units.
127

Insured Banks

the Currency and by State member banks of


the Federal Reserve System to their respective
Federal Reserve Banks at least three times a
year.2 Insured nonmember banks are required
to submit reports of condition at such times as
the FDIC may request; since its inauguration
the Corporation has always called for at least
two such reports each year, as of June and
December. In recent years all three regulatory
agencies have requested spring and fall calls
in addition to those for midyear and year-end.
The FDIC combines summary figures for
national banks and State member banks of the
Federal Reserve System with corresponding
2
All State banks and trust companies in the District of Columbia, whether insured or noninsured, are
required to submit reports of condition to the Comptroller of the Currency. In addition, those that are
members of the Federal Reserve System are required
to submit condition reports to the Federal Reserve
Bank of Richmond.

summary figures compiled by the Corporation


from the reports of insured nonmember banks,
thus arriving at the aggregate statistics covering
all insured banks.3 The compilation is facilitated by the fact that the forms of call reports
prescribed for national banks. State member
banks, and insured nonmember banks are substantially the same.4
3

The Comptroller of the Currency summarizes


the condition reports of national banks, and the
Board of Governors of the Federal Reserve System
summarizes those of State member banks.
4
The FDIC provides a special form of report for
insured mutual savings banks that are not members
of the Federal Reserve System. However, mutual savings banks that are members of the Federal Reserve
System submit reports on the same form as insured
commercial banks. During 1941, three mutual savings banks became members of the Federal Reserve
System. The, three remained members until 1960,
when one of them withdrew from membership.
Another withdrew in 1961, and the last one in 1962.

TABULAR GROUPINGS AND COVERAGE


Table 3.1 of this section shows data for all
insured commercial banks, corresponding to
those shown for all member banks in Tables
2.1-2.5 of Section 2 of this publication. Table
3.2 summarizes data for insured mutual savings banks. The statistics include the assets and
liabilities of any insured banks in U.S. possessions. On December 31, 1970, there were nine
insured banks in the possessions; one was a
national bank in the Virgin Islands, andlike
other national banksit was a member of the
Federal Reserve System. It should be noted

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that whereas the assets and liabilities of these


banks are included in the figures given in this
section, they are excluded from the figures for
insured commercial and mutual savings banks
given in Section 1, Table 1.6. Their exclusion
does not appreciably affect the aggregates for all
insured banks, because the nine banks in the
possessions had total assets of only $3.7 billion
at the end of 1970, or a little more than Vz
of 1 per cent of the total for all insured banks.
Additional statistics relating to insured banks
are given in Sections 1 and 6.

128

3.1 INSURED COMMERCIAL BANKS, 1939-70


A. TOTAL ASSETS AND NUMBER OF BANKS
[Assets in millions of dollars]
Loans and investments
Total
assets

Call date

Balances with

Investments
Total

Loans
Total

U.S.
Govt.
securities

Other
securities

Reserve
with
F n
Banks

Currency
and
coin

Domestic
banks

Foreign
banks

Cash
items

Bank
premises,
etc.

Other
real
estate

Customers*
liability
on
acceptances

Other
assets

Number
of
banks

1939 june 30
Dec 30

59,426
63,147

38,033
39,294

16,040
16,866

21,993
22,428

15,038
15,567

6,955
6,860

10,011
11,604

918
1,067

6,142
7,319

44
25

2,239
1,861

1,107
1,091

610
566

104

no

217
210

13,569
13,535

1940,june 29
Dec. 31

65,589
70,720

39,836
42,561

17,014
18,397

22,821
24,163

15,901
17,064

6,920
7,099

13,751
13,992

984
1,235

7,540
8,204

16
12

1,573
2,847

1,081
1,071

507
463

81
84

221
251

13,480
13,438

1941 June 30
Dec. 31

72,984
76,827

46,192
49,294

19,913
21,262

26,279
28,032

19,371
21,047

6,908
6,985

12,959
12,396

1,243
1,359

8,299
8,574

10
11

2,489
3,453

1,067
1,061

429
370

79
73

218
237

13,423
13,430

1942 June 30
Dec. 31

78,710
95,459

52,649
66,251

19,922
18,906

32,726
47,344

25,936
40,712

6,790
6,632

12,295
13,072

1,291
1,307

8,106
9,085

13
13

2,678
4,117

1,060
1,048

339
301

59
41

219
226

13,403
13,347

1943June 30
Dec 31

102,405
112,246

75,282
83,522

17,392
18,843

57,890
64,678

51,542
58,694

6,348
5,985

12,092
12,834

1,450
1,447

8,436
8,451

19
20

3,540
4,438

1,023
994

257
207

54
45

252
287

13,302
13,274

1944June 30
Dec. 30

122,647
134,613

93,960
103,408

20,732
21,355

73,228
82,053

67,104
75,896

6,124
6,157

12,812
14,260

1,468
1,626

8,785
9,797

18
17

4,108
4,047

972
940

172
139

52
63

302
317

13,269
13,268

1945 june 30
Dec. 31

143,457
152,582

112,380
121,835

23,379
25,769

89,001
96,067

82,422
88,933

6,579
7,133

14,806
15,810

1,477
1,832

9,967
11,082

24
24

3,384
5,555

918
903

116
100

41
66

342
375

13,282
13,302

1946 June 29
Dec. 31

150,743
147,365

117,438
112,208

26,796
30,740

90,642
81,468

82,998
73,575

7,644
7,893

15,999
16,013

1,473
2,015

9,109
9,489

34
57

5,237
6,130

900
902

92
85

92
118

368
346

13,335
13,359

1947 June 30
Dec. 31

144,373
152,773

110,712
114,304

33,258
37,592

77,454
76,712

69,155
67,960

8,299
8,752

16,039
17,796

1,806
2,148

8,504
9,742

35
26

5,814
7,225

914
936

87
143

378
373

13,391
13,403

147,244
152,163

111,823
112,317

39,382
41,979

72,441
70,339

63,507
61,407

8,933
8,932

17,355
20,404

2,065
1,941

8,244
8,955

23
30

6,020
6,768

967
999

82
80

193
180

471
489

13,420
13,419

1949June 30
Dec. 31

147,216
155,319

111,779
118,323

40,535
42,499

71,243
75,824

61,988
65,847

9,255
9,977

17,807
16,428

2,039
1,988

7,786
9,476

18
42

6,083
7,288

,028
,046

90
93

135
171

453
464

13,423
13,436

1950 June 30
Dec 30

154,701
166,792

119,977
125,007

44,379
51,809

75 . 598
73,198

64,609
61,047

10,989
12,151

15,863
17,458

1,815
2,165

8,378
10,481

51
142

6,799
9,619

,071
,109

107
110

175
217

466
484

13,449
13,446

163,351
177,449

124,327
131,044

54,408
57,371

69,919
73,673

57,482
60,599

12,437
13,074

18,945
19,911

1,863
2,686

8,679
11,598

120
49

7,400
9,998

,155
,193

116
123

239
330

508
518

13,451
13,455

1952June 30
Dec. 31

175,339
186,682

132,788
140,105

58,861
63,824

73,927
76,280

60,186
62,408

13,741
13,872

19,331
19,809

2,384
2,750

9,964
11,521

40
75

8,599
10,144

,249
,291

122
123

290
329

573
535

13,450
13,439

1953June 30 .
Dec, 31

179.586
191,063

136,485
144,118

64,723
67,266

71,761
76,851

57,766
62,473

13,995
14,379

19,446
19,995

2,586
2,508

9,917
11,764

59
64

8,822
10,148

,344
,392

127
128

279
378

521
569

13,435
13,432

1954June 30. . . .
Dec. 31

188,643
200,588

144,800
154,483

67,011
70,341

77,789
84,142

62,561
68,121

15,228
16,021

18,924
18,734

2,652
2,471

10,724
11,887

62
118

8,879
10,024

,450
,523

121
124

362
583

669
641

13,400
13t323

1955 June 30. .


Dec 31

197,566
209,145

153,882
159,601

74,931
82,360

78,951
77,240

62,454
60,877

16,498
16,364

17,941
18,721

2,683
2,684

10,274
11,778

102
98

9,765
13,279

1,602
1,700

142
154

440
427

734
703

13,287
13,237

1948= June 30
Dec. 31...

1951June 30
Dec. 31

Digitized for FRASER


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Federal Reserve Bank of St. Louis

jfj
7^
CO

1956June 30
Dec 31 .

204,252
216,145

158,818
164 090

86,691
90,143

72,127
73,947

55,941
57,958

16,185
15,990

18,232
18,706

2,276
3,270

10,573
12,529

66
60

11,067
13,879

1,802
1,894

164
176

488
709

766
832

13,229
13,218

1957 June 6
Dec. 31

207,182
221,534

163,528
169,131

90,913
93,801

72,615
75,330

56,072
57,686

16,542
17,644

18,500
18,972

2,748
3,346

9,549
12,117

74
78

8,927
13,707

1,998
2,096

193
219

757
988

908
881

13,211
13,165

1958June 23
Dec. 31

226,624
237,473

178,881
184,188

95,487
98,132

83,394
86,057

63,592
65,789

19,802
20,267

18,568
18,426

3,028
3,259

10,722
12,399

106
114

10,906
14,594

2,229
2,322

239
249

957
855

988
1,067

13,144
13,124

1959_june 10
Dec, 31

232,487
243 , 423

185,140
189,277

103,282
110,695

81,858
78,582

61,464
58,391

20 , 394
20,192

18,084
17,931

3,119
3,010

10,166
11,984

97
111

11,222
16,176

2,453
2,624

266
276

738
760

1,202
1,274

13,097
13,114

I960 June 15
Dec. 31

241,329
256,323

189,182
198,542

115,186
117,522

73,996
81 ,020

54,408
60,522

19,588
20,498

17,917
16,720

3,253
3,347

10,759
13,434

96
140

14,856
18,261

2,768
2,829

316
375

982
1,409

1,200
1,265

13,147
13,126

1961June 30 . .
Dec. 30

252,632
277,374

200,902
214,469

117,849
124,807

83,052
89,662

61,350
66,091

21,703
23,571

16,488
16,918

2,901
3,693

10,978
13,898

145
249

14,885
21 ,424

2,992
3,102

414
442

1,433
1,652

1,493
1,528

13,136
13,115

1962June 30 ... .
Dec. 28

275,130
295,983

219,787
234,935

129,130
140,023

90 , 657
94,912

63 , 980
65,966

26,676
28,946

16,839
17,680

3,185
4,259

11,546
12,821

178
237

16,755
18,802

3,236
3,403

463
481

1,457
1,619

1,684
1,745

13,111
13,126

1963 June 29
Dec. 20

298 , 809
311,791

240,183
253 , 405

144,965
155,933

95,218
97,472

63,122
62,812

32,095
34,660

16,529
17,150

3,487
4,053

12,265
12,012

245
299

18,350
16,931

3,682
3,945

445
449

1,550
1,591

2,072
1,954

13,196
13,291

1964June 30
Dec. 31

321,084
345,130

259,491
276,056

164,480
175,096

95,010
100,960

58,954
62,588

36 , 057
38,372

16,774
17,581

4,553
4,552

12,439
14,649

366
301

18,838
22,951

4,5 37
4,7 54

1,691
1,697

2,345
2,591

13,401
13,493

1965June 30
Dec. 31

352,795
375,394

286 , 424
304 , 765

188,118
201,114

98 , 306
103,651

56 , 496
59,210

41,810
44,441

17,842
17,992

4,991
4,866

12,633
14,839

260
256

20,942
22,484

4,9 33
5,1 *4

1,825
1,863

2,896
3,186

13,535
13,547

1966 June 30
Dec. 31

384,908
402,946

314,206
322 , 742

212,673
218,456

101,533
104,286

53,180
55,904

48 , 353
48,382

18,094
19,069

5,247
5,457

13,133
15,394

223
251

22,911
28,481

5,3 ?7
5,6 20

2,065
2,178

3,631
3,755

13,559
13,541

1967 june 30
Dec 30

411 917
450,713

335 012
359,973

224 792
236,710

110,220
123,264

53 976
62 , 229

56 , 244
61,034

18,999
20 , 275

4,860
5,953

14,150
17,065

245
280

26,423
33,959

5,684
6,007

256
283

2,356
2,315

3,931
4,602

13,533
13,517

456 304
505 , 453

367 428
406 440

245 , 223
271,198

122,205
135,242

58,311
64,171

63 , 894
71,071

20,846
21,230

5,195
7,216

14,988
18,425

216
264

33 , 605
36,134

6,316
6,657

325
323

2,403
2,473

4,981
6,291

13,519
13,488

1969June 30 .
Dec. 31

516,579
530,715

410 491
421,849

284 , 804
296,464

125,686
125,385

52,845
54,530

72 , 841
70,855

19,805
21,453

6,266
7,347

16,870
19,620

275
321

44,340
40,594

7,564
8,070

344
361

3,101
3,309

7,523
7,791

13,473
13,473

1970June 30
Dec. 31

529,911
576,351

423 , 380
461,361

296,931
314,142

126,450
147,219

51,391
61,617

75,059
85,602

21,532
23,325

7,107
7,084

17,625
22,490

344
395

38,479
39 , 753

8,550
9,143

388
407

3,955
3,753

8,551
8,638

13,487
13,511

1968June 29
Dec. 31

. .

For notes see last page of Part E of this table.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

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oo

3.1 INSURED COMMERCIAL BANKS, 1939-70 Continued


C
&

B. TOTAL LIABILITIES
[In millions of dollars]

w
G

Deposits

Call date

Total
liabilities
and
capital

Total

Interbank

U.S.
Govt.

Capital accounts

Postal
savings

Other
demand

Acceptances
outstanding

Borrowings

Other
time

Other
liabilities

Stocks
Total

Common

Preferred

Surplus

Undivided
profits

Reserves
for
contingencies,
etc.

Memorandum
Demand
deposits
adjusted

1939 June 30...


Dec. 30...

59,426
63,!47

52,327
56,076

7,943
9,523

753
808

65
51

28,733
30,695

14,834
14,998

16
14

122
126

446
406

6,515
6,524

2,427
2,432

528
482

2,381
2,443

799
789

380
378

26,494
28,834

1940 June 29...


Dec. 31...

65,589
70,720

58,425
63,469

9,795
10,539

789
701

41
35

32,520
36,670

15,281
1 5 , 525

96
98

447
467

6,606
6,673

2,436
2,441

457
431

2,484
2,563 j

837
838 !

394
400

30,947
33,823

1941 June 30...


Dec. 31...

72,984
76,827

65,617
69,421

10,546
10,654

702
1,797

28
25

38,658
41,302

15,682
15,643

14
11
II
10

94
87

489
467

6,773
6,842

2,452
2,469

407
380

2,603
2,686

898
896

413
412

36,170
37,849

1942June 30. . .
Dec. 3 1 . . .

78,710
95,459

71,162
87,820

10,076
1 1 , 144

1,806
8,215

22
13

43,898
52,344

15,360
16,103

12
10

69
46

514
526

6,953
7,056

2 859
2, 849

2,741
2,802

936
972

417
434

41,221
48,227

1943June 30...
Dec. 31...

102,405
112,246

94,582
104,116

10,681
10,705

7,765
10,068

9
7

58,818
64,369

17,309
18,967

24
46

61
55

508
576

7,229
7,454

2, 841
2 875

2,887
3,090

1,039
1,006

462
483

55,278
59,931

1944 June 30...


Dec. 30...

122,647
134,613

114,180
125,752

11,038
12,074

18,865
19,862

6
5

63,319
70,024

20,952
23 , 786

84
122

58
73

615
677

7,711
7,990

2, 895
2, 912

3,190
3,402

1,130
1,169

496
506

60,212
65,977

1945 June 30...


Dec. 3 1 . . .

143,457
157,582

134,282
147,811

12,401
13,884

23,583
23,841

5
5

71 ,448
80,290

26,845
29,791

65
215

49
77

718
807

8,341
8,672

2 978
3 032

3,529
3,785

1,294
1,293

541
562

68,063
74,735

1946 June 29...


Dec. 31...

150,743
147,365

140,649
137,029

12,008
12,320

13,045
3,047

5
5

83,534
88,232

32,057
33,426

83
39

110
133

832
875

9,070
9,288

3 071
3 142

3,933
4,060

1,485
1,495

581
591

78,296
82,101

1947 June 30...


Dec. 3 1 . . .

144,373
152,773

133,696
141,887

11,243
12,670

1,355
1,433

5
5

86,699
92,992

34,395
34,789

60
61

100
167

958
921

9,560
9,736

3 171
3 194

4,183
4,316

1,644
1,650

562
575

80,884
85,767

1948 June 30...


Dec. 3 1 . . .

147,244
152,163

135,981
[40,683

1 1 ,035
11,900

2,160
2,436

6
6

87,456
90,998

35,324
35,342

63
53

216
202

1,027
1,064

9,957
10,160

3 230
3 264

4,391
4,504

1,804
1,873

533
520

81,436
84,230

1949 June 30...


Dec. 3 1 . . .

147,216
155,319

135,416
143,194

10,578
12,369

2,296
3,232

6
7

86,715
91,891

35,821
35,696

27
14

150
200

1,169
1,262

10,454
10,649

3 368
3 395

4,552
4,803

2,010
1,954

524
496

80,632
84,602

1950 June 30...


Dec. 30...

154,701
166,792

141,992
153,498

11,067
13,746

3,778
2,979

9
10

36,338
35,949

37
87

1.400
U678

11,078
11,281

3 483
3 518

4,986
5,200

2,108
2; 093

502
469

83,999
91,195

269
357

1,688
2,015

11,641
11,923

3 629
3 699

5,322
5,504

2,238
2,259

453
461

87,935
97,174

90,798
100,813 |
'

194
249
:

1951 June 30...


Dec. 31...

163,351
177,449

149,684
163,172

11,583 ;
14,783

6,323
3,615:

22
27

95,335
107,172

36,419
37,575

69
38

1952 June 30...


Dec. 3 I . . .

175,339
186,682

160,622
171,357

13,105
14,998

6,096 !
5,263

32
33

102,376
110,662

39,013
40,401

91 j
189 '

308
348 .

2,015
2,203

12,303
12,585

3 833
3 876

5,666 !
5,938

2,353
2,307

451
464

93,777
100,518

1953 June 30...


Dec. 3 1 . . .

179,586
191,063

164,046
175,083

13,250
15,557

3,959
4,455

32
30

104,812'
111,628 i

41,992
43,412

105
59

297
403

2,164
2,253

12,975
13,265

3,965
4,031

6,080
6,2H4

2.471
2,499

458
451

95,990
101,489

1954 June 30...


Dec. 3 1 . . .

188,643
200,588

172,458
183,309

15,056
16,383

5,895
4,525

30
32

106,066 S
115,709

45,411 j
46,660

50
23

376
612

2,019
2,366

13,741
14,279

4 137
4 287

6,436
6,857 '

2,701 !
2,653

467
4B2

97,188
105,684

1955 June 30...


Dec. 3 1 . . .

197,566
209,145

180,174
190,989

14,806
16,283

5,439
4,066

31
31

112,227
122,397

47,671
48,213

138
150

462
456

2,185
2,541

14,607
15,009

4 457
4 567

6,976
7,209

2,724
2,777

449
457

102,462
109,118

Digitized for FRASER


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

1956 June 30...


Dec. 31...

204,252
216,145

185,179
196,507

14,876
17,291

5,568
4,071

30
28

115,150
124,641

49,555
50,476

342
63

513
740

2,588
2,815

15,631
16,020

4,'758
4,iJ72

7,496
7,760

2,930
2,941

447
446

104,083
110,762

1957 June 6...


Dec. 31...

207,182
221,534

185,405
200,485

14,105
16,763

3,664
4,181

26
25

114,088
123,442

53,523
56,075

1,437
68

786
1,029

2,996
2,866

16,558
17,086

5,(X>5
5, 169

7,859
8,242

3,268
3,232

425
443

113,261
109,735

1958June 23... 226,624


Dec. 31... 237,473

203,437
215,169

15,931
17,876

9,469
4,590

24
22

116,609
129,558

61,405
63,123

1,126
70

987
891

3,180
3,153

17,894
18,191

5,,>90
5 ,*118

8,398
8,789

3,733
3,457

472
527

105,703
114,965

1959June 10...
Dec. 31...

232,487
243,423

206,706
219,012

15,360
16,867

3,086
5,324

21
20

123,008
130,983

65,231
65,818

2,762
609

769
809

3,456
3,762

18,793
19,232

5,(590

J6i

8,976
9,276

3,657
3,632

469
462

111,786
114,806

1960June 15...
Dec. 31...

241,329
256,323

212,965
228,993

15,089
18,605

6,656
6,194

19
18

124,350
132,832

66,851
71,344

2,580
152

1,023
1,451

4,755
5,068

20,006
20,658

6,()92

6,;108

9,464
9,916

4,011
4,021

440
514

109,494
114,571

1961June 30...
Dec. 30...

252,632
277,374

224,266
247,905

13,792
18,084

6,646
6,223

18
17

124,717
141,400

79,093
82,181

433
462

1,461
1,689

5,061
5,195

21,410
22,123

6,*164
6,<522

10,215
10,798

4,214
4,157

518
546

109,832
119,976

1962June 30...
Dec. 28...

275,130
295,983

244,618
261,443

14,639
16,263

9,835
7,091

18
18

128,333
140,534

91,794
97,536

773
3,584

1,499
1,656

5,391
5,547

22,849
23,752

6,i*26
6,<m

11,106
11,458

4,372
4,790

544
567

111,578
121,733

1963 June 29...


Dec. 20...

298,809
311,791

265,565
274,647

15,333
15,557

11,270
6,997

17
17

133,184
141,112

105,761
110,962

1,499
3,577

1,597
1,620

5,913
6,625

24,235
25,322

7, 172
7 i151

11,819
12,163

4,663
5,113

579
595

114,833
124,181

1964 June 30...


Dec. 31...

321,084
345,130

284,551
306,230

15,725
18,439

10,509
6,772

19
20

138,754
154,503

119,543
126,497

2,039
2,591

1,724
1,737

6,355
7,134

26,413
27,438

8,:*04
8,'739

12,552
12,893

4,913
5,113

645
693

119,916
131,552

1965June 30...
Dec. 31...

352,795
375,394

310,752
331,513

16,897
19,111

12,054
5,805

18

144,655
160,145

137,127
146,451

3,576
4,337

1,855
1,898

7,493
7,742

29,120
29,905

10],200

?29

13,082
13,465

5,363
5,438

745
802

123,714
137,661

1966 June 30...


Dec. 31...

384,908
402,946

338,405
352,840

17,851
20,425

11,237
5,248

153,323
167,233

155,993
159,935

4,138
4,729

2,106
2,234

9,305
11,450

30,954
31,693

10, 543
10, 548

13,702
13,999

5,875
6,166

835
880

130,411
138,752

1967June 30... 411,917


Dec. 30. . . 450,713

360,210
395 , 796

19,240
22,905

5,436
5,524

160,508
183,585

175,025
183,782

5,062
5,549

2,412
2,382

11,302
12,980

32,931
34 , 006

11, 126
11,
J25

14,372
14,983

6,539
6,611

895
1,087

134,085
149,625

1968 June 29...


Dec. 31...

456,304
500,238

394,543
434,652

21,415
25,654

5,291
5,389

177,185
199,235

190,652
204,374

7,932
8,683

2,466
2,509

16,000
17,767

35,363
36,628

9,580
9,773

2 286
2,201

15 326
16,174

7 142
7 ',420

1,028

143 580
163 JOO

1969 June 30...


Dec. 3 1 ...

516,579
530,715

426,352
436,990

25 , 805
27,643

5,998
5,273

193 049
208,194

201 ,500
195,880

14,467
18,052

3, 156
3,387

34, 164
32 , 709

38 , 440
39 ] 576

10,322
10,529

2,070
2, 102

1 6 , 869
17^461

8, 164
8^427

1 ,015

1 48 , 7 I 0
1 67 ,' 599

1970June 30...
Dec. 31...

529,911
576,351

433,972
482,514

27,055
32 , 264

8,259
8,380

192,542
208 , 989

206 1 1 5
232,880

18,260
19,182

4 029
3,849

32,357
28 , 240

41 ,294
42,566

10,903
11,138

2, 160
2,199

1 7 f 599
18^072

9,622
ICK 146

1 ,01 1
1 ',Qi 1

1 54 , 064
169 ,'236

; >5,i

For notes see last page of Part E of this table.

Digitized for FRASER


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

z;
c
C/3

m
*
D

z;
w

cw

3.1 INSURED COMMERCIAL BANKS, 1939-70 Continued


C. LOANS
[In millions of dollars]
1

To farmers
Call date

Total
loans

Commercial

Guaranteed

Other

ccc
1, 192
1,1)94
1, 183
1,'281
1, 167
1,'450
1, 164

1939 June 30....


Dec. 30....

16,040
16,866

5,689
6,332

1940 June 2 9 . . . .
Dec. 3 1 . . . .

17,014
18,397

6,502
7,179

1941June 30....
Dec. 31....

19,913
21,262

8,343
9,215

1942 June 30....


Dec. 31....

19,922
18,906

8,868
7,758

746

1943 June 30....


Dec. 3 1 . . . .

17,392
18,843

6,888
7,778

1944=June30....
Dec. 30....

20,732
21,355

1945June 30....
Dec. 31....

For purchasing
sec<uritieT8

To
brokers
To
and
others
dealers

Other loans to individuals

To nnanciai

institutions

Banks

Other

Real estate

Instalment

Total

On
farm
land

On
residential
property

Other

Total

Retail
auto

Repair
and
modernization

Other
retail

Other

Singlepayment

Other

Reserve
for
bad
debts

3,524
3.635

755
817

828
794

60
57

3,990
4,137

531
534

2,468
2,597

991
1,006

464
663

742
727

43
44

4,283
4,470

544
544

2,720
2,883

1,020
1,044

592
614

703
662

45
40

4,632
4,775

551
535

3,039
3,208

1,041
1,031

896

569
950

620
597

30
27

4,772
4,647

526
476

3,262
3,263

984
907

2,270

'280

32 9

403

1,257

3,899
1,015

364
598

952
907

1,134
1,414

671
922

31
58

4,549
4,438

471
449

3,230
3,204

848
786

1,937
1,868

180
160

23
19

335
310

,192
,206

865
860

7,407
7,921

504
806

970
917

2,221
2,269

2,296
2,265

61
59

4,365
4,344

468
450

3,153
3,157

744
738

1,862
1,888

169
174

17 3
19

313
318

,207
,205

1,045
885

23,379
25,769

7,502
9,462

595
305

,036
,010

3,113
3,164

3,601
3,607

57
49

4,415
4,679

483
507

3,192
3,332

739
840

2,108
2,361

185
225

21 0
26 6

350
398

,363
,472

951
1,133

1946June 29....
Dec. 31....

26,796
30,740

10,336
14,019

97
102

,269
,256

2,417
1,517

2,656
1,609

57
81

5,740
7,106

618
684

4,041
5,058

1,081
1,365

3,070
4,031

349
514

39 9
328

311

524
675

1,798
2,203

1,154
1,017

1947June 30....
Dec. 31 . . . .

33,258
37,592

14,768
18,015

20
65

,528
,544

1,517
823

1,278
1,190

101
114

8,204
9,271

765
793

5,924
6,816

1,515
1,661

4,893
5 , 655

775
966

427
551

407
558

840
944

2,446
2,637

946
914

1948June 30
Dec. 31....

39,382
41,979

17,838
18,765

21
885

1,955
1,889

,183
,336

1,079
939

160
121

10,106
10,671

857
848

7,448
7,913

1,800
1,911

6,414
6,806

1,260
1,435

692
797

651
729

1,045
1,080

2,766
2,766

958
974

331
409

1949June 30....
Dec, 31....

40,535
42,499

16,296
16,939

533
976

2,201
1 5 987

,972
,749

901
855

99
10,893
98 . . . . . . . . 11,413

878
886

8,060
8,513

1,955
2,014 ,

7,172
8,007

1,670
1,955

841
1,023

788
923

1,140
1,170

2,733
2,935

923
1,023

454
548

1950June 30....
Dec. 30. ...

44,379
51,809

16,842
21,808

472
367

2,357
2,466

,856
,789

913
1,036

102
90

12,292
13,416

920
946

9,344
10,250

2,028 \ 9,050
2,219 10,061

2,399
2,701

1,217
1,474

973
1,075

1,281
1,334

3,180
3,477

1,086
1,448

590
673

1951=-June30....
Dee. 31....

54,408
57,371

23,547
25,788

51
279

3,001
3,052

,616
,571

1,001
961

155
149

14,021
14,487

1,007
983

10,708
11,081

2,306
2,423

10,296
10,399

2,742
2,724

1,389
1,344

,063
,150

1,401
1,463

3,702
3,718

1,432
1,498

713
814

I952=June30....
Dec. 31....

58,861
63,824

25,232
27,816

74
684

3,496
3,141

2,106
2,050

943
1,083

153
157

14,925
15,616

1,041
1,037

11,413
11,996

2,471
2,583

11,363
12,642

3,101
3,555

1,421
1,780

,248 .
,473

1,622
1,759

3,971
4,074

1,419
1,539

851
904

1953June 30. . . .
Dec. 31....

64,723
67,266

27,361
27,158

2S5
2,165

3,325
2,719

1,704
2,344

1,053
1,182

155
162

16,1411
16,613

1,084
1,062

12,356
12,744

2,707
2,806

14,067
14,412

4,296
4,462

2,062
2,115

,566
,695

1,893
1,942

4,250
4,197

1,563
1,473

938
961

1954June 30....
Dee. 3 1 . . . .

67,011
70,341

26,069
26,B23

1,919
2,234

3,155
2,893

2,439
2,907

1,230
1,503

176
240

17,149
18,347

1,121
1,139

13,056
13,979

2,973
3,229

14,412
14,720

4,362
4 6 341

1,955
1,921

,670
,687

2,054
2,133

4,371
4,638

1,452
1,745

991
1,071

1955 June 30....


Dec. 31 . . . .

74,931
82,360

28,833
33,210

874
1,147

3,464
3,265

2,834
3,230

1,591
1,744

418
573

19,713
20,767

1,243
1,279

14,957
15,715

3,512
3,773

16,333
17,160

5,111
5,807

2,000
2,080

1,632
1,735

2,376
2,298

5,215
5,238

1,993
2,533

1,124
1.268

Digitized for FRASER


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

3 , 797
4,033

4.431
4,506

1956June 30
Dec. 31

86,691
90,143

36,097
38,707

586
864

3,621
3,251

2,669
2,565

1,705
1,671

666
654

21,753
22,484

1,333
1,317

16,330
16,836

4,091
4,331

18,343
18,829

6,239
6,297

2,277
2,438

1,779
1,909

2,452
2,531

5,596
5,653

2,601
2,679

1,350
1,562

1957 june 6 . . .
Dec. 31

90,913
93,801

39,035
40,546

406
455

3,635
3,575

2,251
2,569

1,614
1,602

1,001
728

22,513
23,104

1,348
1,349

16,728
16,990

4,437
4,766

19,488
20,200

6,700
6,971

2,430
2,511

1,929
2,062

2,662
2,814

5,766
5,842

2,610
2,798

1,640
1,776

1958 June 23
Dec. 31

95,487
98,132

38,925
40,457

407
799

4,103
4,128

3,677
2,797

1,908
1,813

1,697
718

23 , 689
25,267

1,420
1,453

17,279
18,420

4,989
5,394

20,064
20,680

6,814
6,802

2,300
2,313

2,039
2,172

2,948
3,112

5,963
6,282

2,854
3,426

1,838
1,955

103,282
1959 June 10
Dec. 31.... 110,695

41,627
40,195

262
196

4,795
4,787

2,312
2,982

1,889
1,828

1,850
819

7,119

26,648
28,031

1,537
1,571

19,353
20,247

5,758
6,214

22 , 352
24,134

7,484
8,052

2,416
2,681

2,250
2,500

3,424
3,783

6,776
7,118

3 557
2,774

2,010
2,172

1960June 15.... 115,186


Dec. 31.... 117,522

41,784
43,132

126
677

5,202
4,963

2,586
3,247

1,720
1,811

2,367
971

7,070
7,115

28,323
28,694

1,625
1,631

20,257
20,288

6,442
6,775

25,496
26,377

8,711
8,928

2,737
2,806

2,575
2,694

4,046
4,227

7,427
7,722

2,735
2,890

2,222
2,356

1961June 30.... 117,849


Dec. 30.... 124,807

42,743
45,157

574
928

5,441
5,296

2,910
4,030

1,970
2,107

1,009
1,033

5,999
7,310

29,275
30,330

1,700
1,731

20,525
21,150

7,051
7,449

27,258
27,820

8,936
9,062

3,145
2,808

2,659
2,693

4,388
4,480

8,131
8,776

3,091
3,403

2,419
2,606

1962June 30.... 129,130


Dec. 28..., 140,023

45,919
48,668

870
1,112

5,904
5,961

3,234
5,121

1,982
2,104

1,474
2,552

7,227
8,468

32,071
34,309

1,910
2,003

21,963
23,368

8,198
8,939

29,412
30,524

9,903
10,529

2,756
2,858

2,677
2,762

4,779
5,034

9,296
9,340

3,700
3,898

2,663
2,694

1963June 29.... 144,965


Dec. 20..., 155,933

49,869
52,984

800
817

6,731
6,645

4,615
5,326

2,204
2,477

1,904
3,595

8,642
9,441

36,769
39,088

2,221
2,303

24,833
26,245

9,715
10,540

32,640
34,532

11,685
12,437

3,008
3,201

2,790
2,910

5,406
5,719

9,751
10,265

3,803
4,024

3,011
2,995

1964June 30.... 164,480


Dec. 31.... 175,096

55,120
60,040

366
514

7,311
6,983

5,492
5,356

2,687
2,794

2,841
3,421

10,435
10,850

41,447
43,733

2,535
2,617

27,595
28,739

11,317
12,378

37,598
39,815

13,828
14,662

3,494
3,749

2,917
3,013

6,151
6,441

11,209
11,950

4,431
5,144

3,249
3,553

1965June 30.... 188,118


Dec. 31.... 201,114

65,370
71,235

411
534

7,650
7,669

5,925
5,088

2,861
3,175

3,683
14,159

11,379
13,186

46,271
49,394

2,772
2,888

30,155
32,159

13,344
14,346

43,078
45,497

16,230
17,139

3,937
4,177

3,025
3,127

6,987
7,389

12,898
13,666

5,117
5,188

3,626
4,011

1966June 30.... 212,673


Dec. 31.... 218,456

77,085
80,408

0)

8,482
8,549

5,222
5,643

3,225
3,150

13,993
'4,593

13,810
13,186

51,999
54,100

3,006
3,112

33,544
34,658

15,449
16,330

47,726
47,992

18,135
18,290

4,356
4,693

3,167
3,216

7,814
8,091

14,255
13,702

5,207
5,170

4,076
4,337

1967June 30.... 224,792


Dec. 30. ... 236,710

84,371
88,258

9,324
9,260

4,383
6,017

3,275
3,724

1,701
1,848

12,158
12,447

55,497
58,678

3,251
3,419

35,313
37,374

16,933
17,885

49 , 572
51,628

18,726
18,890

4,944
5,610

3,211
3,352

8,415
8,883

14,276
14,893

38,913
39,582

4,403
4,733

1968June 29.... 245,223


Dec. 3 1 . . . . 265,982

91,221
98,161

<2)

9,984
9,712

4,723
6,409

3,673
4,069

1,882
2,146

12,075
13,677

61,632
65,333

3,732
3,735

38,865
41,149

19,036
20,449

54,262
58,415

20,066
21,200

6,073
6,833

3,328
3,494

9,456
10,189

15,339
16,699

10,597
13,275

4,826
5,216

1969 June 3 0 . . . . 284,804


Dec. 31..,. 296,464

104,291
108,394

10,546
10,324

5,180
5,647

4,170
3,995

2,544- 13,640
2,425 14,939

68,729
70,326

4,061
3,993

43,265
44,280

21,403
22,053

61,670
63,356

22,437
22,706

7,576
8,909

3,619
3,655

10,847
11,019

17,191
17,066

14,035
17,059

5,261
5,886

1970June 30.... 296,931


Dec. 31.... 314,142

108,278
112,215

11,241
11,154

3,886
6,209

3,545
3,518

2,457
2,581

70,962
73,053

4,030
4,319

44,594
45,495

22,339
23,239

64,270
66,006

22,466
22,366

10,036
11,115

3,617
3,717

11,215
11,879

16,936
16,929

17,983
23,612

5,931
5,999

14,308
15,794

For notes see last page of Part E of this table.

Digitized for FRASER


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

^
C/i

3.1 INSURED COMMERCIAL BANKS, 1939-70 Continued


D. INVESTMENTS
[In millions of dollars]

1
tn
**
O

U.S. Govt. securities l


Other bonds,
notes, and
debentures

Direct
Call date

Total
investments

Bonds

Notes, maturing
Total

Bills

1939 june 30
Dec. 30

21 993
22,428

11,948
12,153

446
571

1940 June 29. ...


Dec. 31. ...

22,821
24,163

12,531
13,344

805
662

1941 -June 30. ...


Dec. 31. . ! .

26 , 279
28^032

15,291
16,945

1,135
988

1942 June 30
Dec. 3 1 . . . .

32,726
47,344

23,062
37,993

1,536
4,462

1943June30....
Dec. 31

57,890
64,678

48,881
56,192

1944June 30
Dec. 30

73,228
82,053

1945June 30
Dec. 3 1 . . . .

Certificates

Guaranteed

Marketable, maturing
Within
1 year
j

After
1 year

Total

Within
1 year

1-5

Securities
of
States,
etc.

5-10

10-20

2,925
2.188

8.S77
9,194

837
838

3.120
3,308

3.152
3.963 1

699
2\ 756

9,027
9,926

750
IS8

3,489
3,153

4,110
4,752

758
3^ [59

1 1 , 398
12,798

1 471
1,551

3,836
3,970

1,979
6,729

3, 732
5, 800

15,816
21,002

1,765
2,865

6,557
4,637

10,316
13,220

5,717
7,673

26,291
30,662

66,141
74,919

4,709
3,972

15,469
15,303

11, 835
15, 781

89,001
96,067

82,379
88,912

2,831
2,456

17,206
19,075

1946 June 29
Dec. 31....

90,642
81,468

82,974
73,560

1,220
1,272

1947June 30
Dec. 31

77,454
76,712

69,141
67,946

1948June 3 0 . . . .
Dec. 31

72,441
70,339

1949 June 30
Dec. 3 1 . . . .

Nonmarketable

Over 20
years

Federal
agency

i Coroorate
stock.
(including
F. R.
Bank
stock)

Other

1,468
1,086

3,090
3,414

3,141
3,285

3,291
3,068

522
509

677
564

3,370
3,719

j3. u608
vo

3,483

2,943
3,0 10

494
481

5 528
5,929 i

562
1,347

4 080
4! 102

1 SSI
V6S2

2,890
2 , 890

5,322
10,047

7,156
6,470

1,306
1,337

266
284

2,873
2,718

3,494
3,533

2,866
2,680

5,497
5,791

11,215
16,776

7,782
6,160

1,501
1,620

296
316

2,661
2,501

3,441
3,288

2,520
2,342

34,128
39,862

5,650
5,918

20,020
25,467

6,046
5,797

1,790
1,917

621
764

963
978

3,394
3,424

2,388
2,386

16, 456
16, 047

45,884
51,333

7,122
9,030

30,071
32,230

5,164
6,092

2,433
2,787 '

1,094 i
1,195 '

43
22 I

3,686
3,875

2,567
2,938

17,642
12,293

12, 007
6, 781

52,106
53,214

9,933
12,728

32,279
29,700

5,726
6,597

2,973
3,008

1,195
1,180

24
15

3,975
4,301

3,354
3,295

836
2,124

9,444
7^55

5, 342
5, 920

53,519
52,347

14,531
18,341

3,066
2,654

1,147
1,616

3,170
3,320

2,327
2,822

9,454
10,068

5, 071
3, 395

46,643
45, U4

13,525
19,374

2,419
2,059

1,581
1,986

14
14 1
'
12
8

4,828
5,131

63,495
61,398

27,674
7,10i
22,202 i 7,534 ;
i!
i
22,386
6,733
15,114
6,581

71,243
75,824

61,982
65,841

2,846
3,692 i

10,440
12,488 i

2, 045
5; 811

46,651
43,849

24,903
27,278

1,956
2,009

6
6

5,766
6,403

3,181
3,261

1950=June 30
Dec. 30

75,598
73,198

64,601
61,036

3,349
4,122

6,116
1,937

11, 599
16, 774

"

43,038
38,203

27, 509
22, 594

8,107
7,737

7.389 i 2,411
4^461 l! 2!409
1

2,995 : 2,518
2,554
2,986

!l
1.908
2,331 i

8
11

7,262 i
7,959

3,409
3,869

318
324

1951June 30
Dec. 31

69,919
73,673

57,471
60,578

3,820 i
7,223

3,116
7,536

14, 783
11, 274

35,753
34,546

20, 720
19, 645

7,169
7,024

3,050 \ 2,343
3,055
2,335

2,471
2,487

11 i
21

8,344 1
9,016

3,763
3,720

329
338

2,531
2 595

25 '
22

9,652 .
10.006

3,743
3.*509

357

2,578 i
2,538

32
33

10,334
10,620

3,296
3,387

366
372

2,532
2,558

38
21

11,716
12,387

3,134
3,242

378
392

2,542
2,494

15
10

12,582
12,50!

3,502
3,442

1952 -June 30. . . .


Dec. 31

73,927
76,280

60,161
62 , 386

6,092
7 , 629

1953June 30
Dec 3 1 . . . .

71,761
76,851

57,734
62,439

4,931
4,900

1954June 30
Dec 31

77, 789
84,142

62,523
68,100

1955 June 30. ...


Dec 31 . . .

78,951
77,240

62,439
60,866

Digitized for FRASER


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

..

1!

11, 125
11 740

35,281
!; 37,513

19, HO
18, 350

5.010
10,088

11. 148
12; 308

'

36,644
35 , 143

20, 408
17, 790

4,582
4,907

5,509
5,282

12, 242
14, 545

40,190
43,366

13, 483
12, 486

3,001
4,112

1,667
2,296

16, 505
13, 879

41,265
40,579

10, 635
12, 909

7,664
5 304 S

!'

9,992
7,692

;i

8,002
11 206

3,371
S ^62

2,26H '

9^036
10,158 :

4.494 i
4^533

19,164
22,979

4,919
5,286

92
57

22,512
20,529

5,305
4,365

271
283

129
123
;

5,436
5,511

3,193
3,113

467
443
430
419
387
355

342
348
327
320

315
298
a
'
i

302
302
306
307
307
313

346

413
422

2!
!*
(JO

1956June 30
Dec 31....

72,127
73,947

55,927
57,944

2,760
5,779

1,228
1,985

12,574
11,746

39,365
38,434

12,533
20,677

20,048
11,007

4,567
4,684

184
183

2,033
1,883

13
13

12,731
12,717

3,020
2,829

435
443

1957June 6
Dec 31....

72,615
75,330

56,064
57,679

4,666
5,298

3,611
4,771

10,'510

37,801
37,100

20,733
23,418

10,705
8,003

4,715
4,329

174
132

1,475
1,217

8
7

13,139
13,733

2,955
3,435

448
476

1958June 23
Dec 31....

83,394
86,056

63,587
65,783

4,424
6,175

3,844
7,367

12,225
13,259

43,094
38,982

21,485
22,096

15,350
11,360

4,510
3,826

540
501

1,209
1,198

5
6

15,502
16,317

3,812
3,446

487
505

1959 June 10
Dec 31....

81,858
78,582

61,455
58 , 349

5,035
6,192

4,694
2,406

13,940
14,735

37,786
35,016

23,931
22,047

8,246
9,548

3 ,945
2,183

509
454

1,155
784

10
42

16,790
16,754

3,085
2,899

520
539

1960June 15
Dec. 31....

73,996
81,020

54,335
60,423

3,532
7,999

2,186
2,887

15,097
18,877

33,520
30,660

24,518
21,648

6,112
6,086

1,725
1,815

460
524

705
587

73
100

16,581
17,337

2,451
2,591

555
571

1961June 30
Dec. 30....

83,053
89,662

61,209
65,945

7,320
11,378

3,298
2,099

5,359
8,185

15,015
17,970

30,217
26,313

6,510
2,402

13,304
15,708

7,915
5,826

l]940

570
436

142
147

18,490
20,104

1,752
2,112

869
735

592
620

1962June 30
Dec. 28....

90,657
94,912

63,830
65,830

8,255
11,570

3,578
3,917

11,223
5,199

14,676
18,519

26,098
26,625

1,040
2,253

14,077
11,332

8,684
11,968

1,885
769

412
303

149
136

22,918
24,583

2,345
2,870

749
804

664
689

1963June 29....
Dec. 20. ...

95,218
97,472

63,028
62,707

9,064
10,999

3,203
1,652

4,486
5,921

19,260
16,403

27,015
27,732

1,491
1,141

9,760
12,932

14,366
12,244

1,112
1,137

285
278

94
105

27,611
29,611

2,973
3,503

781
784

730
761

1964June 30....
Dec. 31

95,010
100,960

58,819
62,447

8,994
13,301

33

6,313
7,097

16,742
11,872

26,737
30,177

1,863
1,904

12,021
14,766

11,488
12,482

1,098
778

267
247

135
140

31,230
33,344

3,099
3,446

932
763

796
819

1965June 30. ... 98,306


Dec. 3P. _ 103,651

56,392
59,210

8,874
13,134

7,110
7,035

7,502
6,198

32,906
33,820

999
2,360

16,169
16,985

14,394
13,260

1,113
1,072

231
143

104
96

36,351
38,480

3,739
4,513

902
818
1,'*47

1966June 30
Dec, 31

101,533
104,286

53,180
55,904

8,113
11,374

1,061
706

5,630
6,295

6,759
7,144

32,639
31,455

1,241
1,400

17,358
18,275

12,984
10,702

957

40
61

119
130

40,427
40,832

6,454
5,959

1,'M2
1, 591

1967June 30
Dec. 30

110,220
123,264

53,976
62,229

8,009
13,134

554

4,364
5,745

10,288
12,879

31,645
31,279

1,493
3,857

19,435
19,492

9,591
6,737

1,043
1,109

29
59

273
343

46,679
49,821

7,416
8,901

2,149
2,312

1968June 29
Dec. 31

122,205
135,242

58,311
64,171

7,003

6,536

15,964

29,603

4,728

16,697

7,078

1,100

62

290

52,460
58,392

9,021
10,082

2,414
2,598

1969June 30
Dec. 31....

125,686
125,385

53,837
54,530

5,056

3,828

19,514

24,615

6,616

16,855

706

1,087

57

<->

59,859
58,944

9,777
9,772

2,213
2,140

1970June 30
Dec. 31....

126,450
147,219

51,391
61,617

' 5,196

9,121

19,124

17,766

1,995

14,652

233

836

50

(2)

62,710
69,390

9,995
13,278

2,354
2,934

For notes see last page of Part E of this table.

Digitized for FRASER


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

tn
O
DO

00

3.1 INSURED COMMERCIAL BANKS, 1939-70 Continued


E.

C/5

a
*

DEPOSITS

fin millions of dollars]

Time

Demand
IPC

Total
deposits

Call date

Total
IPC

State
and
local
govt.

Foreign
govt.
and
other

Interbank

IPC

Interbank
Certified
Domestic
U.S. 1 and
Govt. officers*
:
Foreign
checks,
etc.
Mutual Commersavings
cial

Total

Other
time

Savings

State
and
local
govt.

Foreign
govt.
and
other

U.S.
Govt.
and
postal
savings

Domestic
Foreign
savings

dal"

1939_june 30
Dec 30

52,327
56,076

37,243
40,839

24,772
27,197

3,122
2,886

739
790

838
613

7,177
8,601

595
753

15,084
15,237

14,298
14,471 i

535
527

80
69

157
160

14
10

1940 June 29
Dec 31

58,425
63,469

42,911
47,716

28,899
32,401

3,099
3,298

756
666

521
971

8,937
9,677

699
703

15,515
15,753

14,780
15,001

502
523

74
69

151
156

8
6

65,617
69,421

49,706
53,561

34,331
36,547

3,535
3,677

666
1,763

792
1,077

9,700
9,823

682
673

15,911
15,860 . . . . . . .

15,208
15,152

475
492

65
59

156
150

7
7

1942June 30
Dec 31

i 71, 162
87,820

155,618
71,559

39,266
47,128

3,866
3,997

1,772
8,167

766
1,219

29,202
10,234

2746
813

15,545
16,261

14,890
15,706

471
397

56
61

2 123

,_i 1943June 30
oo
1944June 30
Dec 30

94,582
104,116

77,120
84,956

53,423
58,346

4,262
4,353

7,700
9,951

1,132
1,669

9,768
9,743

834
893

17,462
19,160

16,897
18,573

412
395

114,180
125,752

93,052
101,793

57,364
64,149

4,404
4,520

18,763
19,759

1,551
1,354

10,031
11,063

939
948

21,128
23,958

20,545
23,361

1945June 30
Dec 31

134,282
147,811

107,266
117,847

65,508
72,606

4,700
5,099

23,483
23,743

1,240
2,585

11,217
12,566

1,119 '
1,248

27,016
29,964

1946June 29
Dec. 31

140,649
137,029

108,408
103,416

75,405
79,903

5,808
5,968

12,944
2,932

2,320
2,361

10,584
10,888

1,346
1,364

1947 June 30
Dec 31

133,696
141,889

99,127
106,935

78,091
83,738

6,497
6,695

1,249
1,327

2,111
2,559

9,807
11,236

1948June 30
Dec. 31

135,981
140,683

100,496
105,155

78,301
81,699

7,135
7,186

2,054
2,325

2,020
2,113

1949June 30
Dec 31

135,416
143,194

99,286
107,146

77,021
82,129

7,341
7,424

2,139
3,054

1941June 30
Dec. 31

...

. .

92

25
5

75
124

74
64

5
4

408
424

107
109

57
53

11
11

26,364
29,295

482
496

105
103

49
52

16
18

32,240
33,613

31,505
32,761

552
665

106
119

51
49

26
19

1,371
1,379

34,569
34,954

33,624
33,964

771
826

43
43

9,628
10,344

1,357
1,488

35,485
35,528

34,262
34,262

1,061
1,080

no
no
in
117

35
35

16
34

2,353 i
2,338

9,058
10,885

: 1,374
; 1,315

36,130
36,049

34,577
34,464

1,243
1,233

163
184

29
29

US
139

1,281
; 1,442

36,738
36,491

34,983
34,582

1,356
1,367

191
195

31
29

111
318

34,916
36,057

1,504
1,518

234
290

27
27

339
400

1,603
1,606

324
359

34
42

1,716
1,92S

350
350

2,299
2,384

343
379

2,414
2,322

382
370

1950June 30
Dec. 30

...

141,992
153,498

105,254
117,007

80,705
89,993

7,944
7,916

3,595
2,794

2,150
2,905

9,579
11,957

1951June 30
Dec. 31

.....

149,684
163,172

112,664
124,880

84,766
95,701

8,312
8,314

6,111
2,257
3,352 \ 3,157

9,883
12,975

1,335
37,020
1,381 | 38,292

160,622
171,357

120,810
129,992

90,937
98,898

8,712
8,818

5,804
4,937

11,290
12,956

1,339
1,438

1952June 3 0 . . . . . . . .
Dee 31
1953-^june 30
Dec 31
1954_jURe 30
Dec 31

. .

1955June 30
Dec. 31

Digitized for FRASER


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

164,046
175,083

121,007
130,289

93,119
99,196

172,458
183,309

125,198
134,783

93,465
102,715

180,174
190,989

130,659
141,037

98,885
108,326

9,253
9,445
1
1

3,641
4,136

2,727
2,947 ;
2,441

1,306
1,296

39,813
41,365

37,410
38,795

43,038
44,794

40,276
41,484

2,9m

11,248
13,229

5,582 '.
9,828
9,808 4,178

2,773
3,186

12,262
13,398

1,288
1,498 i

47,260
48,526

43,112
44,276

5,089 :
3,727

3,888

3,143 '

11,808
13,397

1,535
1,516

49,515
49 , 951

45,257
45,891

10,198
10,183

i
|

. . . 00 .

41

21
11

442
563

655
984

4B

63
75

1,442
1,413

61
51

1,401
1,318

1956June 30
Dec. 31

185,179
196,507

133,894
144,385

101,2 38
110,4 83

10,685
10,406

5,253
3,754

3,228
3,753

11 974
14 ,233

1,517
1,756

51,285
52,122

47,084
48,113

2,471
2,363

345
345

55
51

1,330
1,251

1957 June 6
Dec. 31

185,405
200,485

130,150
142,827

100, t>97
109,1 86

10,550
10,650

3,347
3,889

2,841
3,606

11 ,134
13 ,760

1,581
1,737

55,256
57,658

50,835
53,325

2,687
2,750

343
317

65
44

1,325
1,222

1958 June 23
Dec. 31

203,437 139,440
215,169 149,488

102, C17
114,645

10,864
10,901

9,191
4,265

3,728
4,012

12 ,030
14 ,037

1,611
1,629

63,997
65,681

57,335
59,570

4,070
3,553

302
347

159
160

2,131
2,051

1959 June 10..


Dec. 31

206,706
219,012

139,128
151,538

109,1 73
115,6 72

2,774
10,449
11,432 i 5,048

3,386
3,878

11 ,828
13 ,832

1,518
1,675

67,578
67,473

61,526
62,697

3,705
3,121

333
296

143
100

1,871
1,260

1960June 15
Dec. 31..

212,965
228,993

144,520
155,709

109,9 67
116,606

10,719
11,650

6,405
5,940

3,665
4,576

12 ,364
15 ,355

1,401
1,582

68,445
73,284

63,271
66,834

3,580
4,510

270
272

115
199

1,210
1,469

1961June 30
Dec. 30

224,266
247,905

144,566
165,093

108,492 3652
656
123,490

11,836
12,216

6,363
5,943

3,737
5,037

605
700

11,849
15,752

1,032
1,298

79,700
82,812

61,145
63,888

10,898
10,673

3 1,811

2,178

5,239
5,442

301
297

23
15

173
196

109
122

1962June 30
Dec. 28

244,618
261,444

152,117
163,217

111,465
123,297

660
724

11,793
12,064

9,539
6,825

4,415
4,450

669
684

12,393
13,907

1,183
1,265

92,501
98,227

67,386
71,044

15,927
17,634

2,163
2,432

6,318
6,427

314
284

42
38

217
240

133
127

1963 June 29 .
Dec. 20

265,565
274,647

159,101
162,952

115,731
123 561

626
842

12,387
12,261

11,019
6,729

4,439
4,448

710
610

12,925
13,323

1,264
1,177

106,463 74,390
HI, 694 76,414

21,072
23,619

2,857
3,045

7,442
7,884

268
286

47
49

281
269 i

107
129

1964June 30
Dec. 31

284,551
306,230

164,123
178,691

120,715
134,301

676
826

12,561
13,498

10,252
6,501

4,802
5,878

749
740

13,051
15,493

1,316
1,455

120,428
127,539

79,448
82,967

27,857
29,838

3,574
3,894

8,665
9,799

211
291

83
119

358
383

168
250

1965June 30
Dec. 31..

310,752
331,513

172,378
183,837

124,665
139,078

783
893

13,280
14,242

11,777
5,524

5,928
5,932

774
861

13,785
15,779

1,387
1,529

138,374
147,676

87,356
92,555

35,161
37,641

4,054
4,086

10,557
12,170

295
281

217
162

456
510

277
271

1966June 30
Dec. 31 .

338,405
352,840

181,115
191,737

131,001
144,324

774
869

14,914
15,059

10,988
4,990

6,634
6,981

876
783

14,471
16,947

1,457
1,784

157,289
161,103

91,016
90,077

48,021
52,184

4,332
4,212

12,623
13,462

249
258

173
148

585
477

289
284

1967 June 30
Dec. 30

360,210
395,796

183,465
210,457

137,094
158,491

771 i 15,202
874
15,578

5,150
5,239

7,441
8,641

807
935

15,406
18,788

1,594
1,910

176,745
185,339

91,462
94,451

62,849
68,276

5,050
5,166

15,664
15,888

287
286

477
209

708
727

248
335

1968 June 29
Dec. 31..

394,543
434,652

202,523
228,725

150,200
172,007

758
867

16,303
16,881

4,961
5,012

9,924
9,480

862
934

17,646
21,425

1,869
2,119

192,020
205,927

94,988
96,166

74,526
84,340

4,629
4,752

16,510
19,115

330
377

200
149

591
714

246
313

1969June 30, .
Dec. 31
1970june 30
Dec. 31

426,352
436,990

223,674
240,131

162,900
178,186

811
940

16,929
17,559

5,636
5,051

12,409
11,508

1,089
1,017

21,763
23,394

2,135
2,475

202,678
196,859

94,977
93,796

85,296
82,445

4,502
6,379

16,724
13,260

362
223

37
31

526
415

254
310

433,972
482,514

226,711
247,170

164,400
181,897

942
920

17,091
17,785

8,050
7,915

10,109
8,387

985
975

22,739
26,291

2,395
3,001

207,261 94,310 87,804


235 , 343 98,816 106,147

6,796
4,627

17,205
23,290

210
465

94
278

510
1,424

332
295

GENERAL NOTES TO TABLE 3.1


Beginning June 30, 1969, figures take into account the
following changes made effective as of that date: (1) inclusion
of consolidated reports (including figures for all bankpremises subsidiaries and other significant majority-owned
domestic subsidiaries) and (2) reporting of figures for total
loans and for individual categories of securities on a gross
basisthat is, before deduction of valuation reserves
rather than as previously reported.
NOTES TO SPECIFIC PARTS OF TABLE 3.1
PartC
1
Amounts of Federal funds included in this item are
(in millions of dollars):
1965Dec. 31
2,064
1966-~June30
2,061
Dec. 31
2,460

Digitized for FRASER


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

2
Beginning with June 30, 1966, loans to farmers guaranteed
by the CCC are classified as securities ("Federal agency"
under
"Other bonds, notes, and debentures").
3
Amounts of Federal funds and of securities purchased
under agreements to resell that are included in this item are
(in millions of dollars):
1967June 30
3,876
Dec. 30
3,924
1968June 29
4,655
Dec. 31
6,526
1969June 30
7,075
Dec. 31
9,712
1970June 30
10,878
Dec, 31
15,952

Part
D:
1
Beginning Dec. 31, 1965, figures for total holdings of
U.S. Govt. direct securities include holdings of guaranteed

securities. As of that date, components of the total are shown


at par rather than at book value; they do not add to the total
(shown at book value) and are not comparable with earlier
figures.
2

Reclassified as obligations of Federal agencies.

Part
E:
1
Not comparable with amounts reported for prior dates
because of the exclusion of reciprocal interbank demand
deposits with banks in the United States, except private
banks and U.S. branches of foreign banks. These reciprocal
deposits
were $624,029,000.
2
Estimated.
3
Deposits of foreign governments, central banks, and so
forth, which include deposits of international institutions,
were not reported separately; such deposits were included for
the most part with foreign interbank deposits.

C/3

dd

INSURED BANKS
3.2

INSURED MUTUAL SAVINGS BANKS


A. PRINCIPAL ASSETS, JUNE AND DECEMBER 1939-70
[In millions of dollars]

Loans and investments


Investments

Loans

Call
date

Total
Total

Real
estate

Other

U.S.
Other
Governsecuriment
obligaties
tions i'

Total

1939 June 30....


Dec. 30. . . .

1,197
1,329

576
605

552
572

23
33

621
724

377
422

244
303

1940 June 29....


Dec. 3 1 . . . .

1,317
1,655

598
637

568
601

30
35

719
1,018

420
548

1941 June 30....


Dec. 3 1 . . . .

1,655
1,693

641
642

604
609

37
33

1,015
1,050

1942 June 30. ...


Dec, 3 1 . . . .

1,800
2,007

692
740

664
712

29
28

1943 June
Dec.
1944 June
Dec.

30. . . .
31....
30. . . .
30. . . .

2,704
7,525

1,013
3,073

986
3,046

8,489
9,223

3,111
3,110

1945 June 30....


Dec. 31....

10,063
10,846

1946June 29....
Dec. 31... .

Cash,
balances
with
other
bw nks,
and
cash
items in
process
of collection

Bank
premises.
furniture,
a nd

Other
reitl
estate

Total
assets

Other
assets

fixtures

95
133

16
18

299
470

167
202

569
629

446
421

1,108
1,267

686
861

27
27

1,691
4,452

3,081
3,077

31
33

3,089
3,081

3,051
3,041

11,453
11,891

3,132
3,250

1947 June 30. . . .


Dec. 3 1 . . . .

12,375
12,683

1948 June 30....


Dec. 3 1 . . . .

9
12

1 , 393
1,566

18
25

i
71 i
94

U
8

1,585
1 ,984

201
151

25
24

89
81

16

1,979
1,958

422
405

143
130

24
27

77
77

10
13

2,056
2,254

1,264
3,844

427
608

170
559

33
77

82
154

20
48

3,009
8,364

5,378
6,113

4,752
5,509

626
604

381
400

78
76

120
75

51
54

9,119
9,827

38
40

6,974
7,765

6,368
7,160

607
606

422
429

75
71

47
26

51
51

10,658
11,424

3,091
3,207

41
44

8,322
8,641

7,662
7,946

660
695

550
612

70
70

14
11

50
53

12,138
12,637

3,370
3,560

3,322
3,507

48
53

9,005
9,123

8,216
8,165

789
958

65g
675

70
78

10
4

55
59

1 3 , 1 69
13,499

13,142
13,312

3,769
4,109

3,917
4,260

59
59

9,373
9,202

8,169
7,795

1,204
1,407

644
684

80
82

7
5

61
66

1 3 ,933
14,150

1949 June 30....


Dee. 3 1 . . . .

13,880
14,209

4,397
4,814

4,553
4,973

56
60

9,484
9,394

7,940
7,832

1 , 544
1,562

629
682

83
82

6
4

73
84-

14,672
15,060

1950 June 30... ,


Dec. 30. . . .

14,827
15,101

5,288
6,086

5,447
6,237

66
79

9,539
9,015

7,945
7,487

1 , 594
1 , 528

659
617

84
88

5
6

88
94

1 5 , 663
15,907

1951 June 30....


Dee. 31....

15,668
16,190

6,829
7,523

6,973
7,605

80
83

8,839
8,668

7,169
6,921

1,670
1,746

68B
695

89
93

4
3

145
148

16,595
17,129

1952 June 30....


Dec. 31....

16,857
17,621

8,043
8,691

8,122
8,753

85
93

8,814
8,930

6,730
6,593

2,084
2,337

756
732

96
103

2
3

171
153

17,883
18,612

1953 June 30....


Dee. 3 1 . . . .

18,609
19,252

9,325
10,016

9,384
10,070

102 i
109

9,284
9,236

6,642
6,476

2,642
2,760

692
799

109
114

1
1

178
167

1 9 , 590
20,334

1954-June 30. . . .
Dee. 3 1 . . . .

20,121
20,830

10,804
11,651

10,839
11,700

134
127

9,317
9,179

6,309
6,117

3,008
3,062

807
832

121
129

3
2

385

a 8

21 ,2,37
21,981

1955June 30....
Dec. 3 1 . . . .

21,617
22,331

12,567
13,563

12,613
13,609

135
144

9,050
8,768

5,998
5,858

3,052
2,910

gag

785

US 139

3
*i

199
201

12,761
23,458

1956 June 30....


Dec. 31

23,168
24,170

14,514
15,542

14,539
15,568

168
168

8,654
8,628

5,636
5,518

3,018
3,110

739
739

146
152

217
218

24,271
25 , 282

1957 June 6
Dec. 3 1 . . . .

25,185
26,535

16,228
17,194

16,187
17,210

238
182

8,957
9,341

5,505
5,404

3,452
3,937

672
719

157
167

4
3 i

221
246

26,141
27,671

1958 June 2 3 . . . ,
Dec. 3 1 . . . .

27,869
28,980 i

18,132
19,180

18,065
19,155

268
232

9,737
9,800

5 , 234
5,215

4,503
4; 58 5

745
752

176
183

4
5

226
270

29,021
30,189

1959 June 10....


Dee. 3 1 . . . .

30,150
30,580

20,106
20,942

20,033
20,884

274
264

10,044
9,638

5,124
5,016

4,721
4,622

630
686

192
200 j

7 :
8

249
269

31 ,228
31,743

I960 June 15....


Dec. 31....

31,133
33,794

21,721
23,852

21,526
23,731

406
338

9,411
9,942

4,743
4,787

4,669
5,155

624
766

206
227

10
14

239
292

32,211
35,092

1961 June 30. . . .


Dec. 30... .

34,764
35,660

24,775
25,812

24,654
25,640

331
392

9,989
9,848

4,741
4 , 690

5,248
5,158

756
828

236
247

21
20

207
310

36,074
37,065

1962 June 30. ...


Dee. 28....

36,989
38,597

27 , 1 79
28,778

26,973
28,441

422
552

9,810
9,819

4,708
4,639

5,102
5,180

779 ,
784 !

256
269

20 i
20

321
282

38,366
39,951

1963 June 29....


Dec. 20. ...

40,128
41,664

30,533
32,300

30,264
31,892

485
626

9,595
9,365

4 , 545
4,324

5,050
5.041

789 .'
722 :

279 ';
290 i

23
23 j

362
320

41 ,580
43,019

1964 June 30....


Dec. 31....

43,431
45,358

34,050
36,233

33,706
35,823

556
620

9,381
9,125

4,316
4,110

5,064
5,015

799
893

337
343

(v) 1

456
450

45,022
47,044

Digitized for FRASER


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

140

75
73

(')

INSURED BANKS
3.2

INSURED MUTUAL SAVINGS BANKSContinued

A. PRINCIPAL ASSETS, JUNE AND DECEMBER, 1939-70Continued


[In millions of dollars]
Loans and investments

Call
date

Loans

Investments

Total

Real
estate

U.S.
Government
obligations

Total

Other

Total

Other
securities

Cash,
balances
with
other
banks,
and
cash
items in
process
of collection

Bank
premises,
furniture,
and

Other
real
estate

Other
assets

Total
assets

fixtures

1965 June 30. ...


Dec. 3 1 . . . .

47,031
48,735

37,970
39,964

37,479
39,436

702
738

9,060
8,770

3,975
3,760

5,085
5,010

910
904

366
381

(4

0)

500
480

48,806
50,500

1966 June 30. . . .


Dec. 3 1 . . . .

49,680
51,269

41,103
42,593

40,525
41,808

789
925

8,577
8,676

3,432
3,324

5,145
5,352

854
848

403
415

C11)
C)

514
518

51 ,452
53 ,049

1967 June 30. . . .


Dec. 30. . . .

53,787
55,939

44,149
45,492

43,218
44,596

1,067
1,023

9,638
10,447

3,034
3,111

6,604
7,336

1,016
882

411
429

28
31

568
587

55,810
57,867

1968June 29....
Dec. 3 1 . . , .

58,179
60,090

46,815
48 ,287

45,736
47,177

1,201
1,232

11,365
11,803

3,039
2,855

8,325
8,948

833
883

455
470

40
36

622
643

60,130
62 , 123

1969 June 30....


Dec. 3 1 . . . .

61,863
62,672

49,708
50,829

48,322
49,329

1,508
1,620

12,155
11,844

2,635
2,446

9,520
9,398

713
780

484
497

38
48

646
637

63,745
64,634

1970 June 30....


Dec. 3 1 . . . .

64,077
66,106

51 ,730
52,635

49,873
50,696

1,980
2,058

12,346
13,471

2,377
2,354

9,970
11,117

785
1,116

508
529

60
63

686
728

66,116
68,541

Included in "bank premises, furniture, and fixtures."

3.2

INSURED MUTUAL SAVINGS BANKSContinued

B. PRINCIPAL LIABILITIES, AND NUMBER, JUNE AND DECEMBER


[Amounts in millions of dollars]

Call
date

Total
deposits

Capital accounts

Miscellaneous
liabilities

Total

Capital
notes and
debentures

Surplus and
guaranty
funds

Undivided
profits

Reserves
for contingencies

Total
liabilities

Number
of banks

1939 June 30....


Dec. 30

1,246
1,409

3
4

144
153

10
9

95
107

23
21

16
15

1,393
1,566

49
51

I940_june 29
Dec. 31

1,428
1,818

6
5

151
161

8
g

101
127

20
19

22
6

1,585
1,984

51
53

1941 June 30
Dec. 31

1 ,803
1,789

11
6

166
164

7
7

128
130

24
19

6
8

1,979
1,958

53
52

1942 June 30
Dec,31

1,864
2,048

9
5

182
201

6
6

143
156

24
28

8
11

2,056
2,254

53
56

1943 June 30
Dec, 31

2,739
7,534

12
22

258
808

6
5

208
632

34
149

10
21

3,009
8,364

61
184

1944 June 30
Dec. 30

8,235
8,910

25
25

858
892

5
5

665
700

163
163

26
24

9,119
9,827

192
192

1945June 30
Dect 31

9,671
10,363

30
26

956
1,034

5
5

733
791

188
205

30
33

10,658
11,424

192
192

1946 June 29
Dec. 31

10,979
11,428

36
36

1,122
1,173

5
5

837
879

239
243

42
45

12,138
12,637

191
191

1947 June 30
Dec, 31

11,901
12,207

50
40

1,218
1,252

4
5

907
939

255
256

51
52

13,169
13,499

191
194

1948 June 30
Dec. 31

12,581
12,772

30
44

1,302
1,334

5
5

971
998

273
281

54
51

13,933
14,150

193
193

1949 June 30
Dec. 31

13,241
13.59Z

50
49

1,381
1,420

5
5

1,028
1,060

291
295

58
59

14,672
15,060

191
192

1950 June 30
Dec. 30

14,128
14,320

69
74

1,467
1,513

6
5

1,087
1,124

313
322

62
62

15,663
15,907

192
194

1951 June 30
Dec. 31

14,924
15,368

88
83

1,582
1,678

C1)
0)

1,164
1,217

357
384

61
77

16,595
17,129

201
202

1952 June 30
Dec. 31

16,081
16,785

102
96

1,700
1,730

(L)

1,241
1,270

380
371

78
89

17,883
18,612

205
206

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0)

141

INSURED BANKS
32

INSURED MUTUAL SAVINGS BANKSContinued

B. PRINCIPAL LIABILITIES, AND NUMBER, JUNE AND DECEMBER, 1939 70Continued


[Amounts in millions of dollars]

Call
date

Total
deposits

Miscellaneous
liabilities

Capital accounts

Total

Capita!
notes and
debentures

Surplus and
guaranty
funds

Undivided
profits

Reserves
for contingencies

Total
liabilities

Number
of banks

1953 June 30
Dec. 31 .

17,695
18,383

124
133

1,771
1,819

0)
(l)

,301
,340

371
370

HX)
109

19,590
20,334

213
219

1954 June 30
Dec. 3 1 ....

19,195
19,885

175
176

1,868
1,920

(l)
0)

,401
,443

373
366

93
110

21,237
21,981

219
218

1955 June 30
Dec. 31 ...

20,590
21,237

206
215

1,965
2,006

0)
(0

,475
,515

373
367

117
123

22,761
23,458

218
220

1956June 30 .
Dec. 3 1 ...

21,959
22,886

251
267

2,061
2,130

(l>
(i)

,552
,618

368
364

141
147

24,271
25,282

220
223

1957~~June6
Dec. 31

23,578
25,022

423
340

2,240
2,309

0)
(0

,647
,743

439
403

154
163

26,241
27,671

234
239

1958 June 23
Dec. 31 .

26,082
27,277

506
440

2,433
2,473

,783
,861

480
427

170
185

29,021
30,189

239
241

1959 June 10
Dec. 31

28,041
28,577

579
512

2,608
2,654

0)
0)
0)
0)

,899
,967

514
481

196
206

31,228
31,743

251
268

1960 June 15
Dec. 31

28,824
31,502

652
592

2,735
2,998

1,995
2,161

533
566

207
272

32,211
35,092

268
325

1961 June 30. . . . . .


Dec. 30

32,530
33 , 400

454
474

3,090
3,191

2,209
2,270

593
625

288
296

36,074
37,065

325
330

1962 June 30
Dec. 28

34,581
36,104

525
504

3 ">S9
3,343

2,324
2,364

652
699

282
281

38,366
39,951

331
331

1963 June 29
Dec 30

37,585
38,657

581
790

3,414
3,572

i'

2,440
2,474

700
828

274
269

41,580
43,019

331
330

1964 June 30.,..


Dec. 31

40,797
42,751

608
562

3,618
3,731

1
1

2,582
2,659

748
760

288
311

45,022
47,044

327
327

1965 June 30....


Dec. 31

44,293
45,887

665
655

3,848
3,957

1
3

2,726
2,799

803
822

318
334

48,806
50 , 500

327
329

1966 June 30
Dec. 31

46,682
48,256

723
654

4,046
4,140

3
3

2,846
2,924

859
822

338
392

51,452
53,049

332
332

1967 June 30
Dec. 30 ...

50,880
52,913

740
717

4,191
4,238

3
3

3,009
3,072

787
774

301
388

55,810
57,867

334
333

1968 June 29 . .
Dec. 31

54,992
56,861

788
781

4,350
4,481

3
4

3,163
3,246

795
843

388
389

60,130
62,123

332
334

1969 June 30
Dec. 31

58,289
58,868

849
1,068

4,607
4,698

4
5

3,322
3,317

883
970

399
405

63,745
64,634

333
331

1970 June 30
Dec. 31

60,t98
62,684

1,142
1,000

4,777
4,857

5
6

3,357
3,382

990
1,018

425
451

66,116
68,541

331
329

i Included with reserves for contingencies.

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142

Section 4

WEEKLY REPORTING BANKS


Contents
INTRODUCTION

145

rOVFRAOK OF SF.RTRS

146

REPORTING BANKS AND CITIES

146

TNHTTSTRY TtaFAicnowN

148

AniTTSTMFNT PROrFniJRFSi

148

ASSiFTS AND LTAmiTTTKS

149

JTTTV 1959 RFVTSION

149

IT INF 1966 RFVISION


Loans
Investments
J I I T Y 1969 REVISION

153
153
153
154

Reserves on loans and securities


Consolidation of domestic subsidiaries
Newly reported information
Memoranda

154
154
155
155

COMMERCIAL AND INDUSTRIAL


LOANS, BY INDUSTRY

157

149
150
150

INAUGURATION OF SERIES AND


RFVTSTONS THROIIOH 1963

157

APRTT 1961 RFVISTON

151

OTHFR REVISIONS

158

Deposits
Loan classification

151
153

Loans
U.S. Government securities
Reconciliation, etc.

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Sample criteria: Volume of loans


Changes in loan classifications
New maturity classification

143

159
159
159

Tables

4.1 Assets and Liabilities


A. Member Banks, Weekly, 1941-65____
_
_ , ^ . 160
B. Large Commercial Banks, Weekly, 1965-70_________. 260
4.2 Commercial and Industrial Loans, by Industry
A. Changes, Weekly, at Member Banks, 1951-63
288
B. Outstanding, Weekly, at Member Banks, 1964-66___
_..____, 302
C. Outstanding, Weekly, at Large Commercial Banks, 1967-70___, .._.__,__ 308
4.3 Term Commercial and Industrial Loans Outstanding at Large Commercial
Banks, Monthly, 1967-70
_________ 316

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WEEKLY REPORTING BANKS

Section 4

INTRODUCTION
The series as revised in July of that year
included only banks with deposits of $100
million or more as of December 31, 1965;
banks with total deposits of less than $100
million were dropped. As a result of the change
in size criteria, some nonmember banks were
included in the series. In view of these changes,
the title of the series on assets and liabilities
was changed from "Condition of Weekly Reporting Member Banks in Leading Cities" to
"Weekly Condition Report of Large Commercial Banks." In a further change in July 1969,
the series was revised to include figures for
significant domestic subsidiaries.
In December 1970, the most recent period
for which figures are shown herein, banks in
the weekly reporting series held about 55 per
cent of the loans and investments of all commercial banks in the United States. However,
they held almost 75 per cent of all commercial
and industrial loans, and the smaller number
that classified their commercial and industrial
loans by industry accounted for about 85 per
cent of the total of such loans for all banks in

The Board of Governors, in cooperation


with the Federal Reserve Banks, has collected
weekly reports of condition from selected
member banks in leading cities since November
1917. The purpose of the reports is to provide
information on money market and credit developments more promptly than is possible on the
basis of call reports of condition or the somewhat abbreviated data that are available
monthly for all commercial banks by classes.
The weekly reports show details on assets and
liabilities of the reporting banks and, since
1951, an industry breakdown of commercial
and industrial loans for a slightly smaller group
of banks.
To meet increasingly urgent needs for information concerning changing conditions in
banking and in credit markets, a major change
was made in the series in 1966. The revision
had two aims: (1) to cover the largest volume
of bank assets possible in the smallest number
of banks; and (2) to account for a major
share of the short-term fluctuations in major
asset and liability categories of those banks.

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145

Weekly Reporting Banks


process for recent years is given later in this
section.
The following material describes major
changes in the series for weekly reporting
banks beginning with 1941, and Tables 4.1
through 4.3 provide data for all such banks.
Separate balance sheet data for weekly reporting banks in New York City and for such banks
in other leading cities are not included in this
section, but such data are available regularly
in the Federal Reserve Bulletin as well as in
mimeographed statements, which are published
each week.

the weekly reporting series. The banks were


located for the most part in large cities, where
they are affected quickly by short-term money
market factors. The weekly series is not typical
of conditions among smaller banks, for which
changes take place slowly and may be quite
different.
The weekly reporting series has been adjusted
to prevent distortions that would otherwise
occur as a result of the merging of nonreporting
banks into weekly reporting banks or the withdrawal from the series of banks that cease to
report. A detailed description of the adjustment

COVERAGE OF SERIES
Statistics for weekly reporting banks are
affected by the number of banks included, by
mergers of reporting and nonreporting banks,
and by the procedures for incorporating such
changes in the series.

cluded" and "included" branches in order to


obtain estimates for use in the series.1 Hence,
the series became more representative of current banking conditions in the larger cities than
it had been before.
As a result of this change, the total number
of cities, including only the head-office cities
of branch systems, was reduced from 101 to 94,
Some cities not included in the earlier series
were added, while a number of other cities
were eliminated. Cities were selected on the
basis of the ratio of member bank deposits in
the city to the deposits of all commercial banks
in the Federal Reserve district, but exceptions
were made for special situations. No city could
be included unless the banks that reported in
that city accounted for 75 per cent of all member bank deposits in the city. With two minor
exceptions, however, the actual coverage
ranged between 90 and 100 per cent. Previously the coverage had been less than 60 per
cent in some cities.
The number of banks reporting was increased
from 371 to 441. Nearly one-half of the increase was in three citiesNew York, Chicago, and Washingtonwhere 27, 26, and 14
banks, respectively, were included as compared
with 16, 12, and 8 in the old series.
The percentage of total commercial bank

REPORTING BANKS AND CITIES


The reporting banks and the cities covered
remained virtually unchanged in the period
1941 through June 1947. Since then, however,
it has been necessary to change the coverage
of the series several times in order to reflect
the appreciable changes that have taken place
in population growth and business activity, in
volume and distribution of bank deposits, in
the form of banking organization, and in
general economic activity.
The first of these changes in series was made
in July 1947. At that time a number of important banks were added and the number of
cities covered was reduced.
One of the major changes in 1947 was to
include consolidated figures for all branches
of all reporting banks, regardless of location.
Growth of branch banking had introduced a
number of inconsistencies and difficulties in
reporting, because most branches outside the
reporting centers had been excluded from the
old series. The inclusion of all branches eliminated the necessity of prorating certain aggregate asset and liability figures between "ex-

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1
The inclusion of all branches also removed the
possibility of indicating precisely the number of
cities included in the series.

146

Section 4
deposits represented by the revised series was
increased from 49 to about 57, and the percentage of total member bank deposits represented was increased from 57 to about 67.
The increased coverage was particularly large
in the San Francisco Reserve District. The revised series included more than 75 per cent of
all commercial bank deposits in that District,
as compared with about 39 per cent in the old
series. Most of the increase reflected the inclusion of the assets and liabilities of all
branches of reporting banks wherever located,
Beginning with July 1947, the weekly reporting series included more than 98 per cent of
the deposits of banks in New York City and
Chicago and 96 per cent of the deposits of
other reserve city banks. The so-called "country" banks in the series held about 17 per cent
of the deposits of all country member banks.
During the late 1940's and in the 1950's
the banking structure showed further substantial change. The number of banks declined
largely as a result of mergersand the
number of branches expanded sharply. In fact,
as a result of mergers and absorptions and of
withdrawals of banks from membership in the
System, the number of banks in the weekly
reporting series declined by 84 in the period
from July 1947, when the series was revised,
to a total of 357 in mid-1959. Moreover,
banking operations expanded more in some
areas than in others. This made it advisable to
change the reporting groups in many areas to
improve the usefulness of the series for regional analysis.
On July 8, 1959, therefore, the number of
cities, including only the head-office cities of
branch systems, was increased from 94 to 107,
and the number of banks was increased from
357 to 368, a net expansion in coverage of 11
banks (37 added and 26 eliminated). For the
most part the banks that were added were
of substantial size, while those taken out were
relatively small. As a result of these changes,
the proportion of total commercial bank deposits represented by the weekly reporting
member bank series increased from about 55
to 60 per cent, while the proportion of total
member bank deposits represented increased
from about 65 to 70 per cent.

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In the process of revising the coverage of


the series, adjustments that had been made in
the series over the years were eliminated.
These adjustments had been made to prevent
accumulated distortions that would otherwise
have resulted from mergers of nonreporting
banks with reporting banks. This revision alone
accounted for about two-fifths of the $ 10
billion of assets added to the series.
As of April 1961 the series was revised to
include 106 cities (including only the headoffice cities of branch systems) and 356 banks.
This represented a reduction of one in the
number of cities and 12 in the number of
banks from July 1, 1959. One reporting bank
had moved its head office to a reporting city,
and this caused a reduction in the number of
head-office cities. The reduction in the number
of banks resulted from mergers and absorptions
and from the withdrawal of one bank from
Federal Reserve membership,
A net increase of $1.7 billion in coverage
resulted from eliminating accumulated adjustments previously made at the time of bank
mergers to prevent distortions. Mergers of two
large banks accounted for about $1 billion of
the increase. Numerous other mergers of nonreporting banks with reporting banks accounted
for the remainder.
Mergers and absorptions of banks and the
establishment of branches continued at a fast
rate in the 1960's, and by July 1966, when the
series was again revised, the number of reporting banks had declined by 12, to 344.
As previously noted, the series as revised in
1966 covered virtually all of the assets of member and nonmember commercial banks in the
United States with deposits in excess of $100
million. The revised panel included 341 reporting banks compared with 344 before; 91
smaller banks were dropped, and 88 were
added.
The net effect of adding large banks and
dropping smaller ones was to increase total
assets by about $12.4 billion, or about 6 per
cent.2 The revised series included more than 61
-This figure excludes an increase of $3.4 billion reflecting additions of the "adjustment bank" described
later.
147

Weekly Reporting Banks


industrial loans as of December 31, 1965. And
the revised panel, consisting of between 150
and 160 large commercial banks, member and
nonmember, accounted for about 90 per cent
of all business loans in the weekly reporting
series and for about 70 per cent of total business loans of all insured commercial banks.
By December 1970 these percentages had declined to about 85 and 60, respectively.

per cent of the assets of all commerical banks.


However, for some of the more volatile and
important asset and liability items that are
held predominantly in large commercial banks,
the coverage was substantially greater.
INDUSTRY BREAKDOWN
About 200 member banks in the weekly
reporting series were asked to submit data
during April 1951 for tabulation of a new
series on commercial and industrial loans by
industry. At the end of May 1951, 220 banks
were reporting changes in their larger loans
as to industry and purpose. Practically the
only changes in number of banks from then
until January 1964, when the number had
declined to approximately 200, were the result
of mergers. During that period this group of
banks held roughly 90 to 95 per cent of total
commercial and industrial loans of all weekly
reporting member banks and between 70 and
75 per cent of those of all insured commercial
banks.
About 200 banks continued to report statistics for the industry classification after the
series was changed to show loans outstanding
instead of changes beginning in late 1963, as
described later in this section. However, from
then through 1966 these banks accounted for
declining percentages of total commercial and
industrial loans of all weekly reporting member
banks and of all insured commercial banks.
By the end of 1966 the proportions had declined to about 80 per cent and 65 per cent,
respectively.
When the weekly reporting bank sample was
changed in mid-1966, 16 smaller banks that
were dropped from the weekly reporting series
were also excluded from the commercial and
industrial loan series; however, these banks
continued to report individual bank data to
the end of the calendar year 1966. At the
year-end an additional 47 banks were dropped
and 25 banks were added to the reporting
panel.
The series, as revised, included most weekly
reporting large commercial banks that had
more than $50 million in commercial and

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ADJUSTMENT PROCEDURES
There is a continuing need to adjust the
weekly reporting series to reflect the merging
of nonreporting banks into the weekly reporting banks and the withdrawal of any banks
that cease to report. Until the series was revised in 1966, such adjustments had been
made only when a comprehensive revision of
the series was undertaken. At the time of that
revision, for example, total assets were increased by $3.4 billion because of adding in
adjustments to cover the 1961-66 period.
Under the reporting methods adopted in 1966,
the cumulative effects of such adjustments are
reduced, because the adjustments are now
being added (or subtracted, as the case may
be) each year so as to reflect the actual levels
of assets and liabilities of all banks reporting.
Once a bank merges with another bank,
of course, it is impossible to segregate future
changes in its assets and liabilities from changes
in the assets and liabilities of the bank into
which it merges. Nevertheless, for many purposes, it is essential to maintain as high a degree of comparability as possible between summary data for one week and summary data for
another week. For this purpose, the Board has
used an "adjustment bank" process. Since the
1966 revision of the series, this is the way the
adjustment bank has worked:
When a nonreporting bank, for example,
merges with a reporting bank, the amounts of
its assets and liabilities as of the date of the
merger are set aside and held in the adjustment
bank. (Such amounts are considered "negative"
components.) Similarly, if a reporting bank
drops out of the series, its outstanding assets
and liabilities, as of the date of the withdrawal,

148

Section 4
are placed in the adjustment bank (as positive
components). Each week during the year the
figures for all large commercial banks are reduced or expanded, as the case may be, by the
net of the components in the adjustment bank.
In this way, comparability is maintained in the
series from week to week. At the end of the
year the Board publishes cumulative figures for

the adjustment bank. These figures indicate the


extent to which each asset and liability item for
the last Wednesday of the year for all large
commercial banks has been affected by the
adjustment bank process. Then, as of the first
Wednesday of the next year, these figures are
automatically "folded into" the series by the
elimination of the adjustment bank.

ASSETS AND LIABILITIES


measure of business loans because it included
loans to sales finance companies and to mortgage companies. In some weeks, changes in
loans to sales finance companies alone were
larger than the net change in loans to all other
business borrowers combined.
Secondly, no category reflected the volume
of bank credit being extended to the foregoing
financial intermediaries or to other types such
as personal loan and finance companies, insurance companies, and savings and loan
associations. Loans to the latter types of institutions were reported with "other" loans,
along with loans to churches, charitable and
educational institutions, and so forth. At times
the volume of credit to these financing institutions expanded sharply but was not identifiable except through special surveys.
Segregation of loans to financial institutions
and redefinitions of other loan categories to
remove the loans to these institutions provided
users of the series with a more accurate measure of the amount of bank credit being channeled from banks through nonbank financial
intermediaries, and it improved the usefulness
of all loan categories, particularly the commercial and industrial loan segment. The availability of figures for loans to domestic commercial banks provided an accurate measure
of domestic interbank transactions. Heretofore
it had been difficult to measure such loans,
for they were combined with loans to mutual
savings banks and loans to foreign banks;
loans to the latter have become increasingly
important.
A less important change in loan classifications was the provision of more information

The form in which statistics for assets and


liabilities of weekly reporting banks were reported remained virtually unchanged during
the period 1941 through mid-1959. Thereafter, major revisions were made in July 1959,
April 1961, June 1966, and July 1969, as
described below.
JULY 1959 REVISION
The new report form adopted in July 1959
was designed to provide a more adequate
breakdown of loans and to show more information on the maturities of U.S. Government security holdings.
Loans. The most important change among
loan categories was the segregation of loans
to financial institutions. Loans to these institutions, which previously had been included in
commercial and industrial loans, in "other"
loans, and, to a lesser extent, in loans to banks
were shown for four types of institutions:
1. Domestic commercial banks;
2. Foreign commercial banks;
3. Sales finance, personal finance, factors,
and other business credit companies; and
4. Other financial institutions (mutual savings banks, insurance companies, mortgage
companies, savings and loan associations, and
Federal lending agencies)
Users of banking data had believed for some
time that inadequacies in the loan classification
were seriously limiting the analytical value of
the data. In the first place, the commercial
and industrial loan category was not a clean

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149

Weekly Reporting Banks

on the types of securities for which loans for


purchasing or carrying securities were being
made. In the past, all reporting banks had
shown loans to brokers and dealers separately
from those to others, but only the banks in
New York and Chicago had reported loans
for purchasing or carrying U.S. Government
obligations separately from loans for purchasing or carrying other securities. Thenceforth,
all weekly reporting banks showed that breakdown. Such a breakdown helps to identify the
amounts of credit being used to finance these
two groups of securities.
U.S. Government securities. When the new
form was inaugurated, each bank began to
report its combined holdings of Treasury notes
and U.S. Government bonds with remaining
maturities as follows:
Within 1 year
After 1 year but within 5 years
After 5 years

This maturity breakdown provides data for


studies of current developments in bank liquidity and shows the extent to which city banks
participate in, or otherwise rearrange their
portfolios at times of, major Treasury financing operations.
Reconciliation, etc. For all items that were
not reclassified, year-earlier data were compiled to reflect the added coverage of cities and
banks. Some of the banks added were already
reporting weekly to the Federal Reserve Bank
in their district, but in many cases weekly
figures for the period July 1958-June 1959
had to be estimated from less frequent reports
of condition, deposit reports for reserve computation purposes, and other sources. Nevertheless, the portion estimated is small in relation to the total.
No data were available prior to July 1,
1959, however, for the revised loan classifications or subdivided items; these include commercial and industrial loans, loans to banks,
other loans, loans to financial institutions, the
breakdown of loans for purchasing or carrying
securities (except at the banks in New York
and Chicago), and the maturity distribution of
U.S. Government bonds and notes. For the

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loan items affected by reclassification, there is


a reconciliation for only one dateJuly l s
1959, when the banks were requested to provide a reconciliation between the old and the
new forms.
The ^classifications consisted of the following transfers: (1) from commercial and industrial loans$3,241 million of loans to sales
finance companies, factors, etc., to the new
item for sales finance and personal finance
companies, and $1,183 million of loans to
mortgage companies and other real estate
lenders to the new item of "other" nonbank
financial institutions; (2) $2 million of loans
to mutual savings banks, from loans to banks
to loans to "other" nonbank financial institutions; (3) $505 million of loans to personal
finance and loan companies, from "other"
loans to the new item for sales finance and
personal finance companies; and (4) the following from "other" loans to "other" nonbank
financial institutions: $74 million of loans to
savings and loan and similar associations, $112
million of loans to insurance and investment
(that is, those holding stock of operating companies for management or developmental purposes) companies, and $42 million of loans
to Federal lending agencies.
The accompanying table shows the extent
to which the revised loan items were affected
by reclassification as well as by the changes in
coverage on that date. Other balance sheet
items were affected only by the changes in
coverage.
Effect on Loans of Reclassification and Changes in
Coverage, July 1,1959
[In millions of dollars]
Effect of
Loan category

Old
series

Reclussification

Added
coverage

New
series

Commercial and industrial../ 32,012 -4,424 \ -894 28,482


Nonbank financial institutions :
Sates finance, persona)
finance, etc
+3,746
+86
3,832
:
Other.
+1,413
+49 1,462
Foreign banks
2
+6
596
Domestic commercial banks.
. . . . . . . ' 1,519
"Other"
12,992
-733 +1,381 13,640

150

Section 4
APRIL 1961 REVISION

with other "interbank" accounts, and deposits


in the new "foreign" category had previously
been reported largely as "foreign interbank."
Reporting member banks were asked to classify their deposits on both the old and new
bases as of April 26, 1961. The accompanying
table shows how deposit items were affected by
the new classifications.
The new concept of demand deposits adjusted includes all demand deposits except
those of the U.S. Government and of domestic
commercial banks, less cash items in process of
collection. This differs from the previous concept because of the inclusion of demand deposits due to mutual savings banks ($524 million) and deposits due to foreign entities
($1,491 million). Of the latter, $1,437 million
had previously been classified as foreign interbank deposits and $54 million as domestic in-

Deposits. The form for reporting deposits


was revised effective April 26, 1961, to provide the following new items: (1) demand
deposits due to mutual savings banks, (2)
savings deposits in the time deposit category,
and (3) for both demand and time deposits,
several items classified as foreignchiefly
amounts due to foreign governments and official institutions, central banks, and international institutions. Items in group 3, together
with deposits of foreign banks, make up the
new "foreign" category that is available for
both demand and time deposits. Postal savings
deposits, previously reported separately, were
combined with U.S. Government time deposits.
Demand and time deposits due to mutual
savings banks had previously been reported

Deposit Reconciliation for Weekly Reporting Member Banks, April 26, 1961
Old classification

New classification

Item

Amount

Individuals,
partnerships,
and
corporations

U.S.
Government

States
and
political
subdivisions

Certified
and
officers'
checks

Interbank
Domestic

Foreign

Demand
deposits
adjusted l

In millions of dollars
Demand
Total . .

87,446

65 , 527

11,132

1,437

Individuals, partnerships, and corporations*.


ForeignTotal . ,
Governments,
international institutions,
etc.* 2
....
Banks* 2
U S Government
States and political subdivisions*
Certified and officers' checks* 2
Domestic interbank:
Commercial
Mutual savings* 2

65,418
1,600

65,418
109

54

1,437

566
1,034
1,076
5,229
3,045

109

54

403
1,034

Demand deposits adjusted

1,076

1,076

5,229

' "5,229

3,045

62,049

3,045
10,554
524

10,554
524
64 , 064

Time
Total
Individuals, partnerships, and corporationsTotal
Savings
Other
Foreign Total . . . :
Governments, international institutions,
etc 2
Banks 2
U.S. Government (incl, postal savings) 2 . . . .
States and political subdivisions
Domestic interbank:
Commercial ^
Mutual savings ^

33,596

38,175
27,836
5,463
1,864
1,754
110
154
2,723

154

1,'702

33,299
7,567

297

1,457
110

297
154

'"2,723
128
7

128
7

2
Separate figures shown only for this reconciliation,
s New concepttotal of items marked with an asterisk, less cash
items in process of collection.

* Included in new concept of demand deposits adjusted.


1
Old conceptdemand deposits other than interbank (deposits
due to mutual savings and foreign banks as well as those due to
domestic commercial banks) and U.S. Government, less cash items
reported as in process of collection.

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Federal Reserve Bank of St. Louis

2,723

151

Weekly Reporting Banks

Assets and LiabiHties of Large Commercial Banks, June 29,1966


(In millions of dollars)

Loans 2
1

For purchasing
or carrying securities
Total
loans Total
loans,
and
invest-l net !
ments

Basis

'
:i

To financial institutions

To brokers
ComTo others
mer- Agri- and dealers
cial
and tural
indusU.S.
U.S. Other
trial
Govt. Other
se- Govt.
sesesecuricuricuri- curities
ties

'i

Nonbank

Bank

j
1 Do1 mesFor- ' tic
eign commercial

| ConjValuap _rr
Real s^
^All 1 tion
other
re
govts
govts* 1
serves
ment
I
j

sales
finan. Other

*_

COS.,

1
J

Old basis

[172,898 127 784 55,792 1,675

670 3.R62

I
92 2 144 i snfi l 718 fi S7*i 4 7fi? 23.516

New basis

T86.535 136,239 58,246 1,753

682 3,972

87 2,231 1,498 3,338 7, OSOJ 4,885,26,662 fe, 014 1,15811,432 2,760

Net increase, or
decrease (-).

13,637

8,455 2,454

12

78

110

-8!

87

-5

120

.. . 2,320

159

Other securities
Obligations of Other bonds,
States and po- corp. stocks
litical subdiv. and securities

Notes and bonds


maturing

x-<
tifi-

Bills

2fi 27S 1 fiOl

Cash assets

U.S. Government securities

Total

. ,

123 3,146'.. . . .
i

177

Investments

Basis

'|

Cash
items Balin
ances Balpro- with ances
docess
ff\iof
mes- eign
coltic
lec- banks
tion

Total

Certif.
of
Other
All
par- secuother ticiparities
tion "

With- 1 to After Tax


in
war1 yr. 5 yrs. 5 yrs. rants 3

Old basis

20,276

2 133

561 2 763 8 829 5 990

New basis

22,482

2,277

588 3,076 9,895 6,646 ^2, 652 21 ,190 1,328 2,644 38,749 17,991 4,031

24 JHS 37,092 17 712 3 392

2,206

144

All
Cur- I Re- other
rency serves
assets
with
and F.R.
coin Banks

193 2,251113,504 7,307

-A^

Net increase, or
decrease ( ) .

27

313 1,066

239

2,976 1,657

656

200 2,551 13,976 7,702


71

639J

300

472

395

Deposits
Time

Demand
Basis

Total
J

usted

Total*

IPC

States
and
political
subdivisions

Govt.

Domestic
commercial
banks

Foreign

Govt.,
etc. G

I:

Old basis
185,1861 102,318 70,259
New basis
199,084 108,899 75,830
Net increase, or
decrease ( ) . 13,898 6,581 5,571

5,651
6,161
51C

Borrowings

Basis

From
F.R.
Banks

From
others

Other
liabilities

Capital
accounts

Com- Total
mercial
banks

-78

40

36

Savings

Qther

7,317 5,309

Tot at
asset s
Total
liabilities
and
capital
accounts

Domestic
interbank

Foreign

634
647

4,333
4,348

771

13

15

1,172

Cornmercial
banks

Govt.,
etc. 6

i
6,920
7,691|

-i

222
228

Memoranda

Total
loans
(net),
adjusted

Total loans
(net),
8

4S8

5 633

8 500

17 520

217 297

124 566

IfiQ 680

New basis

453

5,806

8,926

18,717

232 986

132,901 j

183,197

Net increase, or
decrease ( )

173

426

1 197

15 689

8 335

13 517

For notes see opposite page.

152

Large certificates
of deposit 10

Demand
ad

investments 8

Old basis

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States
and
political
subdivisions

\
738 1,462 82,868 43,104', 27.515
778 1,498 90,185 48,413| 28,687

7,471 11,936
7,764 11,858
293

IPC
?

^sted f

Tota,

issued
fiS

1SQ

17.741

71,286 f^T8,268
1

6 127

Issued
to IPC's

Issued
to others
I
I ' '
"
13,076
5,192

1
525

Section 4
terbank deposits. As a result of changes in
classification as of April 26, 1961, demand deposits adjusted (new concept) increased from
$62,049 million to $64,064 million.
Loan classification. Minor revisions in the
loan classifications of foreign banks and of
"other nonbank financial institutions," and in
"all other" loans resulted from more precise
definitions of loans to international institutions
and foreign entities. These reclassifications resulted in decreases of $163 million in loans to
foreign banks and $28 million in loans to
"other" nonbank financial institutions, and an
increase of $191 million in "all other" loans as
of April 26, 1961.

reporting on the foreign loans of U.S. banks.


Moreover, the new information provides an
up-to-date check on flows of U.S. bank funds
abroad and permits analysis of changes in
credit extended to domestic borrowers.
Investments. Banks' holdings of securities
of States and politicial subdivisions had become increasingly important in recent years,
and better current information on their holdings was required. A new item "tax warrants,
etc." issued by States and political subdivisions
was created to provide details on banks' holdings that are not available from other sources.
Moreover, since borrowings by States and local
governments through these tax warrants are
thought to show wide seasonal swings, segregation of this item provides a more accurate estimate of changes in bank holdings of "all other"
municipal securities, now shown separately.
Previously these two items had been included
in "other securities."
In the new form all bank holdings of Federal
agency participation certificates are reported as
a separate item. With the expansion in the
number and amount of such issues by Federal
agencies, bank holdings of these certificates had
increased sharply. Included in this item are
participations in pools of loans made by the
Commodity Credit Corporation, the ExportImport Bank, the Federal National Mortgage
Association, and the Small Business Administration. Some of the instruments had previously
been classified as loans; for example, CCC certificates of interest had been in "agricultural
loans," and Export-Import Bank portfolio fund
participations had been in "all other loans."
And others had been included in "other securities." About $700 million of the $1.3 billion
of such participations held by respondents at
the end of June 1966 were Export-Import
Bank portfolio fund participations.
The new report form also provided for a
new memorandum item on negotiable time
certificates of deposit issued in denominations

JUNE 1966 REVISION


The revision of the report form in 1966, as
in most previous revisions, was designed to
furnish new details about bank lending and investment practices and about the sources of
banks' funds that would be useful to authorities
in making decisions on monetary policy. (At
the time of this revision, the coverage of the
series, as noted earlier, was shifted from member banks to large commercial banks.)
Loans. A new category of loans entitled
"consumer instalment loans" was created to
augment the consumer credit series collected
from banks on a monthly basis; it provides
more current information on the volume of
consumer instalment credit outstanding at
banks. Such credit, which had previously been
included in "all other loans," now constitutes a
substantial part of the total loan portfolios of
commercial banks.
A new item, "loans to foreign governments
and official institutions," also previously included in "all other loans," provides needed
information on flows of credit to foreigners.
When related to data collected by the Treasury, these new data provide fairly complete
Notes to table on opposite page:
1
After deduction of valuation reserves.
3
Individual items shown gross.
3
Includes short-term notes and bills (under I year) issued by
States
and political subdivisions.
4
Federal agencies only,
5
Includes certified and officers* checks, and deposits of mutual
savings banks not shown separately.

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Federal Reserve Bank of St. Louis

6
Deposits of foreign governments and official institutions, central
banks,
and international institutions.
7
Includes
U.S. Govt. and postal savings, not shown separately.
s
Exclusive of loans to domestic commercial banks.
9
All demand deposits except those of the U.S. Government and
domestic
commercial banks, less cash items in process of collection.
10
Negotiable certificates of deposit issued in denominations of
$100,000 or more.

153

Weekly Reporting Banks

Respondent banks reported on both the old


and the new basis on June 25, 1969, but they
were not required to provide overlap data for
earlier weeks. The net effect of the changes
was to increase total assets of banks in the
large commercial bank series by $4.1 billion.
The overlap data are shown in detail in the
table on pages 156 and 157. It should be noted
that changes in some of the items offset
changes in others and hence had no effect on
the level of total assets.
Reserves on loans and securities. The effect
of including valuation reserves was to raise the
level of total loans and investments by $3.7
billion at the large commercial banks. Most of
the addition reflected increases in the loan
component; total loans were raised by $3.5
billion. Inclusion of valuation reserves raised
the total securities portfolio by only $ 125
million. However, these increases in levels were
not so large as had been expected, and it is
now believed that some banks had already been
including valuation reserves in reports of total
loans and probably of total investments. Individual loan items had previously included such
reserves and were not affected by this change
in reporting procedures.
Individual categories of securities were
affected by the inclusion of valuation reserves
on securities, but there is no information as to
how such reserves had been allocated as between individual categories of U.S. Government securities and other securities. It is believed, however, that in previous reports the
greater part of such valuation reserves had
been deducted from longer-term State and
municipal securities rather than from U.S.
Government securities.
On the liabilities side of the balance sheet,
reserves on loans and on securities are reported separately in the large commercial bank
series. Each of these items was raised commensurately to the increase in earnings assets
from this source.
Consolidation of domestic subsidiaries. Subsidiaries consolidated are of two types: (1)
majority-owned bank-premises subsidiaries, all
of which must be consolidated, and (2) other
majority-owned nonbank subsidiaries that meet

of $100,000 or more to individuals, partnerships, and corporations (IPC). Such information makes it possible to measure the extent to
which holdings of this group affect fluctuations
in total CD's outstanding in this size category.
Moreover, by subtracting the amount of these
large-denomination CD's held by IPCs from
the figures for other time deposits, IPC, in
the balance sheet portion of the statement,
it is possible to deduce approximately the
changes that have taken place in the amount of
savings certificates, savings bonds, and similar
types of time deposits commonly used by banks
to attract personal savings. The growth of
these consumer-type deposits was very substantial in late 1965 and early 1966 as an increasing number of banks expanded their
efforts to market these types of savings instruments.
JULY 1969 REVISION
Beginning July 2, 1969, the Board revised
its "Weekly Condition Report of Large Commercial Banks" to take account of substantive
changes in content and format of the official
call reports of condition that had been introduced by the three Federal supervisory agencies
in the first call of 1969.3 As a result of the
revision, respondent banks are now required
(1) to submit consolidated reports, including
figures for all bank-premises subsidiaries and
other significant majority-owned domestic subsidiaries; (2) to report figures for total loans
and for individual categories of securities on a
gross basisthat is, without deduction of valuation reservesrather than net of such reserves, as they had been previously; and (3) to
provide detailed data on short-term lending
and borrowing transactions that involve either
transfers of Federal funds balances on the
books of the Reserve Banks or purchases or
sales under agreements to repurchase.
3
Uniform reporting concepts are maintained in
the weekly report of condition for large banks and in
the call report for all commercial banks, in order
to facilitate estimation and benchmarking of current
monthly and weekly data on assets and liabilities for
all commercial banks.

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Federal Reserve Bank of St. Louis

154

Section 4
a significance test. Accounts of sister subsidiaries or of a holding company parent such
as exist in the "one bank" or other-holdingcompany type of organization are not included.
Consolidation has the following effects on
the balance sheet of a reporting bank; Holdings of capital stock of certain types of majority-owned subsidiaries, previously shown as an
investment, become part of total capital in the
consolidated report. And the individual asset
and liability accounts of the subsidiaries are
combined and reported with the asset and
liability accounts of the reporting parent institution. All intercorporate accountsfor example, loans by the parent bank to the subsidiary and deposits of the subsidiary in the
parent bankare eliminated. The statistical
effect of consolidating subsidiaries was to raise
total assets and total liabilities and capital by
about $412 million at large commercial banks.
In the revised series two new items appear
as a result of the consolidation: The one on
the assets side, "investments in subsidiaries not
consolidated," reflects investments in domestic
subsidiaries that did not meet the significance
test, as well as investments in foreign subsidiaries and in subsidiaries that are classified as
banks and therefore are not consolidated. This
item amounted to $432 million on June 25,
1969. The required balancing item on the
liabilities side, "minority interest in consolidated subsidiaries," is negligible because almost
all the consolidated subsidiaries were wholly
owned; because this item is so small, it is not
shown separately'in the following table.
Within the balance sheet, one effect of the
consolidation procedure was to reduce "other
bonds, corporate stocks, and securities" by a
net of $413 million; this reduction reflected
the shift of specific investments to the new asset
item "investments in subsidiaries not consolidated" and the addition of holdings of consolidated subsidiaries. The "other assets" category in this series was raised by about $275
million, reflecting principally the real estate
holdings of bank-premises subsidiaries that
were consolidated.
On the liabilities side, the item that was most
affected by consolidation was "other liabili-

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ties," which rose by $386 million. The increase


stemmed from consolidation of bank-premises
subsidiaries and probably reflected the mortgage liabilities of these subsidiaries. The increase in capital at these banks was $28 million. Borrowings expanded by $17 million,
resulting in part from the consolidation of current borrowings of subsidiaries and in part
from more accurate reporting of Federal funds
and securities repurchase transactions.
Newly reported information. In addition
to these changes, detailed data on Federal
funds and related transactions were reported
for the large commercial bank series. In general, these new data conform with those reported in the call report.
A new item was added on the assets side of
the balance sheet for loans in the form of
"Federal funds sold and securities purchased
under agreement to resell." There is a breakdown of this item for transactions with: (1)
commercial banks; (2) brokers and dealers,
with a further breakdown of transactions between those involving U.S. Treasury securities
and those involving other securities; and (3)
others. These transactions with the first two
of these groups had previously been reported
in loans to the corresponding groups on the
balance sheet of large commercial banks.
Transactions with "others" had, for the most
part, been included in the commercial and
industrial loan category.
The corresponding liability item, "Federal
funds purchased and securities sold under
agreements to repurchase," was also reported
separately but without the detailed breakdown.
Such transactions had previously been included
in "borrowings from others."
Memoranda. Items derived for special analytical purposes continue to be shown as memoranda. The two items, "total loans (gross),
adjusted" and "total loans and investments
(gross), adjusted" were not affected by the
new breakout of Federal funds and security
repurchase transactions. However, the levels of
these measures were raised by folding in valuation reserves, and the level of loans was
raised by the consolidation of domestic subsidiaries as described above.
155

Weekly Reporting Banks


Large Commercial BanksComparison of Series on Old and New Bases, June 25,1969
(In millions of dollars)
Reason for change

New
basis

Old
basis

Asset or liability item

1
1

Net
change

Inclusion of
reserves on-

Consols- '
dation

Loans
Total loans and investments (gross)
Loans:
Federal funds sold, etc,: l
Total
To brokers and dealers involving.

232,131

235,482

+3,351

5,763
4,841

+5,763
+4,841

Other securities
To others :
U S Treasury securities
Other securities
To nonbank financial institutions:
Other
Real estate
To commercial banks:
Domestic
Foreign
Foreign governments
All other
Investments :
U.S. Treasury securities:
Total
Bills
Certificates
Notes and bonds maturing
Within 1 year
In 1="5 years
After 5 years
Other securities:
Total
Obligations of States, etc. :
Tax warrants
All other
Other bonds, corporate stocks, and securities:
Certificates of participation
All other
Cash items in process of collection
Reserves with F.R. Banks
Balances with domestic banks
Investments in subsidiaries not consolidated
Other assets
Totil assets/Total liabilities
Deposits:
Demand :
Total
Domestic rommereiil banks

Other demand :
I PC
States and political subdivisions
Foreign:
Governments, etc
Commercial bsnks
Certified ind officers* cheeks
Time :
Total
Domestic co nmerrii banks

Other time :
IPC:
Savings
Other
States and political subdivisions
Foreign :
Governments etc
Commercial banks

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Federal Reserve Bank of St. Louis

Securities

+3,529

+125

n.a.

+5J63
+4,841

+638
+240 1
+44 i

638
240
44

Other securities
To others
Other:
Total
Commercial and industrial
Agriculture
For purchasing or carrying securities:
To brokers and dealers:

-303

Breakout
of items

+638
+240
1-44

171,678
78,394
2,077

269,503
78,403
2,078

-2, 775
+9
+1

+59
+53

1,480
3,778

849
3,530

T-?
-8

108
2,759

107
2,737

-631
-248
i
-22

-1
-22

5,986
5,514
33,321

5,973
5,511
33,304

-13
=3
-17

-13
-3
-17

5,348
1,712
19,627
1,010
14,085

526
1,712
19,672
1,022
14,079

-4,822

+ 19

+45
+ 12
-6

+45
+12
-6

22 , 5 38
1,176
0

22,5^9
1,184
0

+51

+51
+8

4,210
12,120
5,032

4,210
12,163
5,032

0
+43
0

^43

37,915

37,627 1

-288

4,607
29,090

4,612
29,210

+5
+120

~'"~*~+s~
2

1,245
2,973

1,245
2,560

0
-413

* -413

30,638
15,275
3,094
4,888

12,076

30,638
15,275
3,097
4,893
432
12,351

+432
+275

-Kg
+275

298,102

302,168

+4,066

+412

128,620
3,755
15,825

128,610
3,755
15,825

-10
0
0

-10

90,631
6,313

90,621
6,313

-10
0

-10

703
1,942
713
8,738

703
1,942
713
8,738

103,968
241
469

103,959
241
469

47,550
41,281
9,771
4,445
211

156

o!

+8
+5

+3,529 ,

-5,763
-44

-638
-240
.'..........

-4,841
;|

!i

i
,i
1

-413

+125

+120

..;

+3

+3,529

+125

0
0

-9
0
0

_p

47,541
41,281
9,771

-9
0 i
0

~9

4,445
211

0
0

Section 4
Large Commercial BanksComparison of Series on Old and New Bases, June 25,1969Continued
(In millions of dollars)
Reason for change
New
basis

Old
basis

Asset or liability item

Net
change

Consolidation

Inclusion of
reserves onLoans

Federal funds purchased etc.


Borrowing from
F R Banks
Others
Other liabilities 4
Reserves for
Loans
Securities

, ...
. . .

Total capital accounts ,


Memoranda :
Total loans (gross) adjusted
Total loans and investments (gross), adjusted
Oemand deposits adjusted
Large negotiable CD's;
Total
.. .
To IPC's
To others
.
Gross liabilities of banks to their foreign branches

n.a,

12,798

+12,798

1,049
15,243
26,620

1,049
2,462
27,006

0
-12,781
+386

3,529
125

+3,529
+125

22,602

22,630

+28

+28

166,330
226,783
78,402

169,899
230,115
78,392

+3,569
+3,332
-10

+40
-322
-10

15,274
9,216
6,058
13,459

15,271
9,215
6,056
13,459

-3
-1
-2
0

-3
-1
-2

Breakout
of items

Securities
+ 12,798

+17
+386

-12,798
+3 , 529

+3,529
+3 , 529

+125

+ 125

n.a. Not available.


1
Includes securities purchased under agreements to resell.
2
Includes effect of consolidation and of inclusion of reserves on securities (latter not available by type of security).
3
Includes securities sold under agreements to repurchase.
4
Includes minority interest in consolidated subsidiaries.

COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY


borrowing patterns in different industries, and
(4) it is useful in projecting future capital
market pressures and expansion or inventory
build-up in individual industries.
Usefulness of this series over long periods
of time is limited, however, as it is in the series
on assets and liabilities of weekly reporting
banks. A direct comparison of current data
with those collected before 1964 is impossible
for several reasons: Before January 1964 the
data show amount of change rather than total
loans outstanding; the series has an upward
bias because of a lag in netting out repayments; and the breakdown of loans by business
of borrower is different.

The series showing industry breakdown, the


only source of information on bank loans by
industry and maturity, has undergone a number
of changes similar to those in the asset and
liability series; there have been two major revisionsone in January 1964 and one in December 1966.4 Changes in the reporting form
and the sample have been aimed at acquiring
more useful data and improving statistical reliability. In particular, the accuracy with which
loans are classified by business of borrower has
been greatly improved.
The industry breakdown of the commercial
and industrial loan series serves a number of
purposes: (1) It is a short-run indicator of the
strength of business loan demand at banks; (2)
it provides a basis for estimating total business
loans of banks; (3) it may be used to gauge the
effects of special situations and of seasonal

INAUGURATION OF SERIES
AND REVISIONS THROUGH 1963
The series on commercial and industrial
loans by industry began in 1951 as a supplement to the Weekly Condition Report. There
was a need to collect information on the types
of businesses that were borrowing at banks, for

For a description of the changes in number of


banks and the ratios of loans they held to the total
for all banks in the series and for all commercial
banks, see p. 148. Adjustment procedures too are
described on that page.

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157

Weekly Reporting Banks


Other bankers acceptances, which relate to
commercial transactions, were no longer classified by industry but were shown as a separate
category. Earlier, all bankers acceptances had
been classified according to the business of
the payee.
Another major revision was implemented in
December 1966. It was necessitated by changes
resulting from the revision of the weekly reporting bank sample in June 1966, when the
coverage of that series was shifted from member banks to large commercial banks and small.
banks were dropped from that sample. The
revision in the industry series was implemented
on December 28, 1966. Figures for that date,
as shown in the accompanying table, were collected on both the old and the new basis.
These figures represent the only reconciliation
between the old and the new series.
There are three differences between the old
loan reports and those following the 1966 revision: (1) volume-of-loans sample criteria,

the outbreak of war in Korea had brought a


sharp expansion in bank credit to businesses,
During the second half of 1950, "commercial,
industrial, and agricultural" loans, as shown
on the "Condition of Weekly Reporting Member Banks in Leading Cities," had risen by $4
billion. According to a survey made by the
Board of Governors in October 1951, the increase had been in commercial and industrial
rather than in agricultural loans.
Between May 23, 1951, and December 31,
1963, several minor revisions were made in
the series. The "purpose" classification was
dropped after April 30, 1952, on the eve of
the suspension of the Voluntary Credit Restraint Program.5 Beginning with the week
ended July 8, 1959, loans to sales finance companies and certain other nonbank financial institutions were excluded because they were
being shown separately in the weekly reporting bank series after that series was revised in
July 1959. It should be noted, however, that
because loans to other nonbank financial institutions had been included in various items
of the loan series, the new figures are not
strictly comparable with the old figures.
On September 27, 1961, numerous industry
classifications were added to reduce industrial
misclassification. Mining was separated from
manufacturing, and five categories were set up
under both durable and nondurable goods
manufacturing.

Commercial and Industrial Loans of Weekly Reporting


Banks
(In millions of dollars)
December 28, 1966
Industry

Durable goods manufacturing:


Primary metals
Machinery
Transportation equipment
Other fabricated metal products
Other durable goods ...
....
Nondurable goods manufacturing:
Food, liquor, and tobacco
Textiles apparel and leather
Petroleum refining . . .
Chemicals and rubber
Other nondurable goods.
Mining, including crude petroleum
and natural gas
Trade:
Commodity dealers
Other wholesale
....
Retail
Transportation, communication, and
other public utilities:.
. ...
Transportation .
Communication
Other public utilities
Construction
Services
f
All other domestic loans
Bankers' acceptances
Foreign commercial & industrial loans.

OTHER REVISIONS
On December 31, 1963, there was a major
revision of the series. Beginning with data for
January 8, 1964, all participating banks were
asked to report their commercial and industrial
loans on an outstanding basis rather than as
changes in dollar volume. To reflect the new
procedure, the series was renamed "Commercial and Industrial Loans Outstanding by
Industry."
Bankers acceptances for the creation of dollar exchange were excluded after the revision.

Total classified loans


Memo: Total commercial and industrial loans of large commercial banks '

"Federal Reserve Bulletin, May 1952, pp. 501 and


502; and June 1952, p. 674.

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Federal Reserve Bank of St. Louis

n.a. Not available.

158

Old
basis
(Member
banks)

New
basis
(Large
coml.
banks)

Change

950
4,123
2,001
1,575
1,987

836
4,033
1,995
1,568
1,963

114
-90
6
-7
-24

2,808
1,825
1,613
2 268
1,529

2,720
1,862
1 426 !
2 115
1,472

-88
37
-187
153
-57

3 983

3 825

158

1,482
2 930
3 473

1,405
2,893
3 547

-77
-37
74

7,261

6,745
-516
3,706
772
2,267
67
2,604
4 828 f 4,015
5,902
535
2,872
2,872

2,537
6,715
528

49 588 j 55 146
na

60 590

5 558

Section 4
and agencies thereof located in the United
States. Virtually all loans by U.S. banks to
foreign businesses are made by the banks that
report in this series.
The former "transportation, communication,
and other public utilities group" is divided into
three components after the revision. Loans outstanding to companies in this group had shown
substantial growth. Since these industry components engage in different types of activities and
have different borrowing patternssome use
banks for short-term interim financing prior to
seeking funds in the capital markets, while
others rely more extensively on bank financing
for longer-term fundsthe additional information is valuable for analytical purposes.
"All other types of business, mainly services" were subdivided into "services" and "all
other domestic loans" for the same reasons.
This change also helped to identify the portion
of business loans not classified by industry.
Bankers acceptances continued to be reported separately with no breakdown by industry or by domestic or foreign origin.
New maturity classification. In addition to
the 1966 revisions indicated above, the revised
panel of respondent banks began to report new
information monthly on the amounts of term
loans in each business loan category. These
are defined as outstanding loans with an original maturity of more than 1 year and outstanding loans granted under a formal agreementrevolving credit or standbyon which
the original maturity of the commitment was in
excess of 1 year. The monthly data on term
loans, which begin with January 1967, have
been published on a regular basis both in the
Board's releases and in the Federal Reserve
Bulletin.

(2) changes in loan classifications, and (3) a


new maturity classification.
Sample criteria: Volume of loans. With few
exceptions banks in the revised series were
limited to those having total business loans
outstanding in the amount of $50 million or
more as of December 31, 1965. At this level
of outstanding loans banks generally tend to
become important lenders to institutions in the
national credit markets. Banks in the old series
that had business loan volume of less than $50
million were dropped, and others that met this
size standard were added. However, a few
banks with total business loans of somewhat
less than $50 million were added if they were
important lenders in one or two industry categories or if they had had a record of strong
business loan expansion in years just prior to
the revision,
Use of a $50 million cutoff assured adequate
dollar coverage while limiting the number of
respondent banks. Moreover, these larger
banks accounted for most of the fluctuations in
total commercial and industrial loans. The new
panel of between 150 and 160 banks accounted for about 90 per cent of such loans
in the weekly reporting bank series and for
about 70 per cent of the total at all insured
commercial banks.
Changes in loan classifications. In the old
series, foreign business loans had been included with domestic loans in the appropriate
industry group, but in the new series they are
shown as a separate category. Thus the classification by industry consists solely of loans to
domestic businesses. Foreign business loans are
defined as those made to any firm domiciled
outside the United States or organized under
the laws of a foreign country, except branches

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Federal Reserve Bank of St. Louis

159

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
._,_ ,____,_,-_- ,_. ,. =_ -. . - ,

Lonnsnnd
investments
Total
. ... , ...

. - _._..

f"
i
. -. J

Date

Net

For purchasing or carry inn


securities
Coinmercial.
industrial, 1
andag- |
ricultural

To brokers and
dealers

'!
l

Real
estate

. _ ..

Total
adjusted

Adjusted

25,614
25,669
25,684
25,676

25,576
25,633
25,649
25,641

9,265
9,244
9,252
9,273

9 , 303
9,280
9,287
9,308

5,338
5,350
5,367
5,390

500
462
4( i5

26,184
26,248
26,381
26,450

26,149
26,214
26,345
26,414

9 , 302
9,343
9,387
9,459

9,337
9,377
9,423
9,495

5,437
5,490
5,540
5,546

440
4114
418

26,668
26,744
26,843
26,918

26,629
26,705
26,806
26,881

9,553
9,650
9,677
9,76t

9,592
9,689
9,714
9,798

5,610
5,706
5,754
5,763

502

26,952
27,138
27,163
27,546
27,550

26,900
27,099
27,124
27 , 509
27,510

9,776
9,807
9,832
9 , 794
9,830

9,828
9,846
9,871
9,831
9,870

5.812
5,841
5,880
5,864 1
5,886

497
4115
461

14
21
2H

27,601
27,742
27,798
27,915

27,565
27,702
27,758
27,873

9,856
9,913
10,006
10,184

9,892
9,953
10,046
10,226

June

4
11
18
25

28,061
28,131
28,155
28,279

28,022
28,091
28,113
28,241

10,144
10,198
10,220
10,286

July

2
9
16
23
30

28,325
28,481
28,577
28,646
28,771

28,285
28,440
28,538
28,609
28,728

13
20
27

28,761
28,874
29,025
29,107

3
10
17
24

Total

To
others

..

Other
securities

U.S.
Govt.
securities

Loans
to
banks

| All
other
'

U.S. i Other
Govt.
securisecuri- ,
ties
1
ties
I
i

1941
Jan.

Feb.

Mar.

Apr.

May

Aug.

Sept.

Oct.

Nov.

Dec.

15
?**
29
5

12
19
26
5

12
19
26
2

458

471
542

504

459
461
459

458
455

'

455

455
453

478

4<m

459
462
458

458

454

,228
,230
,227
,229

38
36
35
35

,740
,740
,735
,737

,230
,231
,230
,232

35
34
36
36

,734
, 739
,74!
,748

,229
,229
,226
,226

39
39
37
37

,757
,759
,771
,777

52
39
39
37
40

,778
,786
,789
,793
,799

455
449

i
)

465

445

,228
,228
,229
,231
,235

5,924
5,963
5,999
6,040

444
445
4 55
571

442
443
447
|

,234
,237
,237
,239

36
40
40
42

,812
,825
,868
,883

10,183
10,238
10,262
10,324

6,072
6,137 1
6,162
6,197

496
4 78
471
487

444
447
444
452

,240
,241
,246
,246

39
40
42
38

,892
, 895
,897
,904

10,413
10,412
10,484
10,467
10,529

10,453
10,453
10,523
10,504
10,572

6,268
6,307
6,370
6,399
6,435

529
505
5()5
4M
478

453
446
447
441
439

,244
,248
,249
252
,253

40
41
39
37
43

,919
,906
,913
,914
,924

28,722
28,832
28,984
29,064

10,558
10,621
10,647
10,654

10,597
10,663
10,688
10,697

6,484
6,545
6,584
6,583

462
4 57
4 44

439
440

,254
,254
,252
,254

39
42
41
43

,919
,925
,930
,932

29,238
29,230
29,098
29,120

29,193
29,187
29,058
29,080

10,858
10,932
10,877
10,914

10,903
10,975
10,917 t
10,954

6,619
6,707
6,756
6,782

607
5 *8
469
481

,256
">58
,260
,258

45
43
40
40

,940
,942
,955
,956

29,125
29,132
29,385
29,618
29 , 582

29,086
29,092
29,342
29,581
29,545

10,985
11,036
11,20!
11,175
1 1 , 1 66

11,024
11 , 076
1 1 , 244
11,212
11,203

6,844
6,904
6,987
6,979
6,973

494

,257
,256
,258
,262
,265

m
40
43
37
37

,962
,956
,966
,966
,966

29 , 523
29,611
29,656
29,693

29,48!
29,570
29,620
29,654

11,196
11,276
11,249
11,227

11,238
11,317
11,285
1 1 , 266

6,990
7,061
7,058
7,029

550
5 54
5^11

,256
,261
,260
,259

42
41
36
39

,964
,970
,*>76
,975

29,691
29,891
30,306
30,293
30,085

29,653
29,848
30,261
30,250
30,050

11,221
11,314
11,384
11,399
11,335

11,259
11,357
1 1 , 429
11,442
(1,370

7,021
7,100
7 , 202
7,218
7,145

548

256
26">
,258
,261
,259

38
43
4S
43
35

,969
,972
,955
,966
,974

9
16
23
30

8'
15
22
29
12
19
26
10
17
24
31

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Federal Reserve Bank of St. Louis

448

4<L3
551
5 35
531

i
1

451

j
1
i

160

437
437
436
437
437
437

428

'

427
439
433

431

436

430
428

536

5 50
5<44
532
535

445

428
[

427

430
425
422
422

WEEKLY REPORTING BANKS


LIABILITIES
WEEKLY, 1941-65
of dollars)
Balances with -

Investments
U.S. Government securities

Total

Bills

Certificates

Notes
arid
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Other
assets
Domestic
banks

Foreign
banks

Total
assets

Dale

1941
12,629
12,715
12,720
12,694

685
725
726
685

1 1 , 944
11,990
11,994
12,009

3,682
3,674
3,677
3,674

,432
,737
,562
,532

552
519
524
527

12,010
12,142
12,171
12,111

3,370
3,475
3,420
3,352

1 , 189
1,212
,209
,232

44,167
44,754
44,570
44,430

Jan.

8
15
22
29

13,124
13,147
13,180
13,100

732
720
737
727

12,392
12,427
12,443
12,373

3,723
3,724
3,778
3,855

,425
,563
,562
,755

510
522
518
530

11,611
11,640
1 1 , 804
12,003

3,314
3,351
3 388
3,473

,236
,264
,241
,255

44,280
44,588
44,894
45,466

Feb.

5
12
19
26

13,232
13,285
13,343
13,334

840
909
970
864

12,392
12,376
12,373
12,470

3,844
3,770
3,786
3,786

,576
,718
,682
,616

509
527
505
517

11,910
11,976
11,533
11,438

3,427
3,472
3,490
3,480

,248
,195
,166
,172

45,338
45,632
45,219
45,141

Mar.

5
12
19
26

13,331
13,477
13,494
13,911
13,927

742
868
878
878
869

12,589
12,609
12,616
13,033
13,058

3,793
3,815
3,798
3,804
3,753

,699
,437
,831
,617
,878

491
521
501
522
516

11,315
11,428
11,668
11,235
11,208

3,588
3,439
3,548
3,400
3,386

,174
,197
,202
,202
,226

45,219
45,160
45,913
45,522
45,764

Apr.

2
9
16
23
30

14,021
14,089
13,991
13,996

931
961
975
929

13,090
13,128
13,016
13,067

3,688
3,700
3,761
3,693

,430
,791
,736
,685

532
554
535
563

11,124
11,125
11,433
11,493

3,437
3,484
3,530
3,532

,239
,274
,273
,186

45,363
45,970
46,305
46,374

May

7
14
21
28

14,186
14,233
14,287
14,304

950
,030
,056
,098

13,236
13,203
13,231
13,206

3,692
3,660
3 , 606
3,651

,784
,877
,828
,705

565
596
581
596

10,982
11,046
10,883
10,788

3,511
3,465
3,500
3,439

,212
,217
,206
,219

46,115
46,332
46,153
46,026

June

4
11
18
25

14,293
14,471
14,506
14,593
14,588

,080
,071
,087
,081
,074

13,213
1 3 , 400
13,419
13,512
13,514

3,579
3,557
3,548
3,549
3,611

,938
,699
2,009
,667
,758

570
597
546
548
561

10,863
10,665
10,899
10,855
10,835

3,516
3,412
3 583
3,496
3,481

,149
,158
,169
,159
,180

46,361
46,012
46,783
46,371
46,586

July

2
9
16
23
30

14,553
14,559
14,593
14,608

,075
,059
,064
,079

13,478
13,500
1 3 , 529
13,529

3,611
3,652
3,744
3,802

,519
,889
,731
,707

537
556
536
559

10,662
10,594
10,696
10,633

3,410
3,539
3,495
3,462

,181
,174
,175
,187

46,070
46,626
46,658
46,655

14,567
14,496
14,408
14,397

1,019
936
844
814

1 3 , 548
13,560
13,564
13,583

3,768
3,759
3,773
3,769

,721
,782
,928
,799

543
573
551
559

10,534
10,725
10,879
10,830

3 , 502
3,530
3,676
3,592

,204
,223
,194
,198

46,742
47,063
47,326
47,098

Sept.

3
10
17
24

14,301
14,307
14,378
14,653
14,648

785
815
842
817
797

13,516
13,492
13,536
13,836
13,851

3,800
3,749
3,763
3,753
3,731

2,179
1,748
2,523
2,016
1,812

537
558
550
562
568

10,792
10,804
10,816
10,358
10,215

3,596
3,523
3,645
3,504
3,449

,209
,205
,191
,192
,247

47,438
46,970
48,110
47,250
46,873

Oct.

1
8
15
22
29

14,606
14,632
14,696
14,735

815
832
898
950

13,791
13,800
13,798
13,785

3,679
3,662
3,675
3,692

1,979
2,343
2,293
1,883

550
588
543
574

10,058
10,140
10,361
10,534

3,276
3,361
3,342
3,335

,210
,215
,220
,188

46,596
47,258
47,415
47,207

Nov.

5
12
19
26

14,782
14,883
15,219
15,173
15,049

990
971
976
959
883

13,792
13,912
14,243
14,214
14,166

3,650
3,651
3,658
3,678
3,666

1,830
1,854
2,284
2,087
2,791

554
595
600
564
555

10,575
10,603
9,972
9,880
9,825

3,344
3,288
3,389
3,288
3,255

,214
,212
,162
,168
,153

47,208
47,443
47,713
47,280
47,664

Dec.

3
10
17
24
31

Digitized for FRASER


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

161

if
20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Demand deposits
Total
Adjusted

Individuals, States and


U.S.
political
partnerships,
Government
Unadjusted
and corps. subdivisions

Interbank
Domestic

Certified
and
officers'
checks

Foreign

1941
Jan.

8
15
22
29

39,605
40,175
39,997
39,852

22,494
22,703
22,898
22,932

34,038
34,562
34,424
34,281

21,930
22,466
22,415
22,401

,521
,498
,550
,579

448
349
261
214

9,006
9,121
9,069
8,959

658
652
634
644

475
476
495
484

Feb.

5
12
19
26

39,713
40,017
40,299
40,871

' 22,798
22,981
23,157
23,431

34,117
34,420
34,702
35,276

22,158
22,456
22,617
22,812

,605
,648
,619
,820

330
331
331
332

8,924
8,925
9,033
9,137

640
620
619
621

460
440
483
554

Mar.

5
12
19
26

40,731
41,019
40,598
40,532

23,362
23,487
23,186
23,259

35,118
35,413
35,003
34,943

22,811
23,155
22,690
22,647

,692
,585
,624
,725

333
328
330
322

9,208
9,236
9,161
9,115

639
644
644
631

435
465
554
503

Apr.

2
9
16
23
30

40,629
40,550
41,302
40,910
41,138

23,093
23,430
23,577
23,762
23,712

35,044
34,950
35,710
35,325
35,543

22,518
22,716
23,245
23,085
23,173

,747
,709
,688
,797
,903

396
390
389
388
386

9,228
9,054
9,265
8,910
8,929

628
639
648
648
638

527
442
475
497
514

May

7
14
21
28

40,726
41,334
41,675
41,718

23,616
23,846
24,265
24,311

35,143
35,753
36, 102
36,149

22,804
23,378
23,632
23,612

,845
,847
,849
,870

394
395
397
390

9,047
9,067
9,053
9,107

656
654
651
656

397
412
520
514

June

4
11
18
25

41,452
41,670
41,490
41,362

23,888
24,071
23,872
24,046

35,891
36,117
35,939
35,807

23,337
23,675
23,517
23,507

,752
,757
,706
,749

455
454
457
458

9,122 1
9,055
9,123
8,934

642
660
659
664

583
516
477
495

July

2
9
16
23
30

41,731
41,379
42,139
41,725
41,953

23,949
23,920
24,260
24,381
24,544

36,167
35,810
36,578
36,167
36,389

23,667
23,562
24,157
24,004
24,029

1,604
1,569
1,560
1,593
1,750

463
465
467
470
470

9,158
9,071
9,195
9,002
8,965

659
655
647
647
652

616
488
552
451
523

Aug.

6
13
20
27

41,433
41,981
42,022
42,019

24,217
24,245
24,455
24,453

35,861
36,404
36,449
36,450

23,546
23,927
23,897
23,787

1,735
1,736
1,825
1,894

502
520
533
565

8,981
9,109
9,106
9,103

642
641
624
622

455
471
464
479

Sept.

3
10
17
24

42,087
42,404
42,668
42,425

24,349
24,503
24,375
24,390

36,520
36,834
37,097
36,856

23,719
23,948
24,040
23,853

,876
,843
,785
,811

591
590
596
608

9,240
9,336
9,592
9,440

619
623
606
619

475
494
478
525

Oct.

1
8
15
22
29

42,777
42,295
43,419
42,557
42,179

24,277
24,400
24,640
24,382
24,258

37,210
36,712
37,846
36,981
36,601

23,894
23,788
24,772
23,989
23,662

,906
,857
1,823
1,840
1,889

580
442
276
598
653

9,557
9,496
9,782
9,347
9,245

617
626
625
638
633

656
503
568
569
519

Nov.

5
12
19
26

41,881
42,541
42,697
42,470

23,876
24,151
24,192
24,452

36,293
36,955
37,110
36,904

23,394
24,134
24,052
23,979

1,904
1,853
1,708
1,822

658
658
726
777

9,145
9,167
9,263
9,139

635
636
636
653

557
507
725
534

Dec.

3
10
17
24
31

42,450
42,676
42,971
42,558
42,980

24,324
24,682
24,060
23,994
23,650

36,922
37,135
37,461
37,076
37,500

23,814
24,241
24,059
23,878
23,993

1,780
1,726
1,690
1,658
1,721

826 i
774
1,345
1,403
1,475

9,294
9,173
9,120
8,928
8,934

648
652
652
664
650

560
569
595
545
727

Digitized for FRASER


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

162

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Borrowings

Time deposits

Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

Interbank

U.S.
Government

Domestic

Foreign

From
F.R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1941
5,567
5,613
5,573
5,571

5,224
5,276
5,237
5,240

194
191
189
185

24
24
24
23

119
116
117
117

6
6
6
6

1
2
2
1

736
754
745
754

3,825
3,823
3,826
3,823

44,167
44,754
44,570
44,430

Jan.

8
15
22
29

5,596
5,597
5,612
5,599

5,251
5,254
5,270
5,273

200
197
194
179

24
24
25
26

116
117
118
116

5
5
5
5

1
1

734
737
746
755

3,832
3,833
3,834
3,836

44,280
44,588
44,894
45,466

Feb.

5
12
19
26

5,613
5,606
5,595
5,589

5,295
5,285
5,275
5,271

174
175
172
171

25
26
26
26

114
115
117
116

5
5
5
5

764
780
793
777

3,842
3,832
3,827
3,831

45,338
45,632
45,219
45,141

Mar.

5
12
19
26

5,585
5,600
5,592
5,585
5,595

5,269
5,286
5,280
5,274
5,269

171
171
168
168
181

25
24
26
25
26

115
114
113
113
114

5
5
5
5
5

3,839
3,844
3,847
3,850
3,855

45,219
45,160
45,913
45,522
45,764

Apr.

1
6

751
761
763
761
765

2
9
16
23
30

5,583
5,581
5,573
5,569

5,255
5,247
5,242
5,240

183
186
182
183

26
26
26
26

114
115
116
113

5
7
7
7

2
1
1
3

773
774
767
789

3,862
3,861
3,862
3,864

45,363
45,970
46,305
46,374

May

7
14
21
28

5,561
5,553
5,551
5,555

5,233
5,225
5,235
5,239

181
181
170
169

26
26
26
26

114
114
113
114

7
7
7
7

1
1

785
788
789
795

3,877
3,873
3,873
3,868

46,115
46,332
46,153
46,026

June

4
11
18
25

5,564
5,569
5,561
5,558
5,564

5,243
5,258
5,255
5,254
5,260

174
165
161
158
158

26
26
24
26
26

114
113
114
113
113

7
7
7
7
7

2
1
1
1

757
755
772
768
763

3,872
3,876
3,871
3,877
3,869

46,361
46,012
46,783
46,371
46,586

July

2
9
16
23
30

5,572
5,577
5,573
5,569

5,273
5,276
5,276
5,271

157
157
158
159

25
25
20
20

110
112
112
112

7
7
7
7

4
1
1

754
757
752
752

3,882
3,884
3,883
3,883

46,070
46,626
46,658
46,655

5,567
5,570
5,571
5,569

5,268
5,273
5,273
5,270

156
156
155
159

21
21
21
21

115
113
115
112

7
7
7
7

1
1
1
1

765
772
776
787

3,889
3,886
3,881
3,885

46,742
47,063
47,326
47,098

Sept.

3
10
17
24

5,567
5,583
5,573
5,576
5,578

5,267
5,285
5,278
5,283
5,285

160
157
156
154
153

21
21
21
21
21

112
113
111
111
112

7
7
7
7
7

1
1
1
2
2

772
782
793
789
796

3,888
3,892
3,897
3,902
3,896

47,438
46,970
48 , 1 10
47,250
46,873

Oct.

1
8
15
22
29

5,588
5,586
5,587
5,566

5,298
5,292
5,295
5,275

152
156
154
151

21
21
20
22

110
110
111
111

7
7
7
7

3
3
5
4

789
799
801
815

3,914
3,915
3,912
3,918

46,596
47,258
47,415
47,207

Nov.

5
12
19
26

5,528
5,541
5,510
5,482
5,480

5,232
5,209
5,172
5,149
5,172

155
192
194
195
173

23
23
23
23
23

111
111
109
108
106

7
6
7
7
6

3
2
2
2
1

828
841
814
804
770

3,927
3,924
3,926
3,916
3,913

47,208
47,443
47,713
47,280
47,664

Dec.

3
10
17
24
31

Digitized for FRASER


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

163

1
1
5

6
20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS.
(In millions
Loans
Loa ns a nd
investments

;
Total

Date
To till

Total
adjusted

Ad justed

Net
i

a
Cornmercial,
industrial.
andagrieultural

For p u rch a s i ng o r carry i n f ;


securities
To brokers and
dealers

To
others
i
____.,_^,_____ . '
j
j
U.S.
Other
Govt.
securisecuri- i
ties
,

j
U.S.
Other
Govt. i securiseeuri- ;
ties
ties
;
!

*_'

Real
estate

- -

'

Loans
to
hanks

All
other
'

|. - ..J

1942
Jan.

7
14
21
28

30,132
30,233
30,211
30,342

30,082
30,185
30,175
30,305

11,272
11,260
11,163
11,218

11,322
11,308
11,199
11,255

7,144
7,154
7,148
7.202 '

521
518
444
448

412
407
406
409

Feb.

4
1{
18
25

30,354
30,452
30,532
30,943

.10,319
30,420
30,497
30,906

11,207
11,290
11,334
11,355

11,242
11,322
11,369
1 1 , 392

7,211
7,283
7,314
7,324

425
450
460
471

410
404
408
410

Mar.

4
11
18
25

30,918
31,034
31,031
30,781

30,886
31,005
31,004
30,754

11,342
11,382
11,419
11,375

11,374
11,411
11,446
11,402

7,331
7,383
7,459
7,434

460
455
417
408

410
410
408
407

Apr.

1
8
15
22
29

30,494
30,883
31,502
3 1 , 393
31,205

30,465
30,856
31,477
31,363
31,175

11,365
11,354
11,307
11,212
11,064

1 1 , 394
11,381
11,332
11,242
11,094

7,427
7 , 397
7,367
7,289
7,135

408
449
438
433
441

407
400
40S
400
395

May

6
13
20
27

31,135
31,222
31,888
31,726

31,110
31,198
31,864
31,692

10,983
10,977
10,988
10,928

1 1 ,008
11,001
11,012
10,962

7,056
7,081
7,013
6,950

456
433
502
533

393
395
415
405

June

3
10
17
24

31.679
31,736
31,677
31 ; 587

31,651
31,707
3 1 , 650
31,555

10,877
10,815
10,749
10,686

10,905
10,844
10,776
10,718

6.924
6i924
6,906
6,855

528
475
433
448

403
404
405
396

July

I
8
15
22
29

32,382
32,366
33.338
33,396
33,512

32,346
32,342
33,291
33,369
33,483

10,704
10,637
10,799
10,737
10,667

10,740
10,661
10,846
10,764
10,696

6,810
6.800
6i827
6,772
6,768

519
485
609
623
569

393
382
414
411
407

Aug.

5
12
19
26

33,509
33,603
34,517
34,503

33,470
33,566
34,479
34,474

10,610
10,605
10,596
10,448

10,649
10,642
10,634
10,477

6,735
6.754
6;?I2
6,659

551
537
584
513

406
402
389
379

Sept.

2
9
16
23
30

34,457
34,322
34,358
35,349
35,954

34,431
34,278
34,336
35,327
35,889

10,356
10,283
10,291
10,304
10,296

10,382 1
10,327
10,313
10,326
10,361

6,595
6,558
6,616
6,576
6,552

493
472
442
513
526

Oct.

7
14
21
28

35,975
35,908
37,714
37,549

35,949
35,888
37,688
37,503

10,247
10,244
10,315
10,274

10,273
10,264
10,341
10,320

6,605
6,623
6,615
6,581

439
434
532
529

Nov.

4
11
18
25

37 , 924
37,691
37,905
37,939

37,880
37,657
37,880
37,920

10,401
tO, 307
10,147
10,039

10,445
10,341
10,172
10,058

6,574
6,618
6,547
6,494

664
544
479
444

Dee.

2
9
16
23
30

38,387
38,444
39,829
40,457
41 ,469

38,365
38,422
39,803
40,410
41,416

10,273
10,282
10,203 :
10,636
10,268

10,295
10:304
10,229
10,683
10,32!

6,440
6:404
6,350
6,409
6,304

700

Digitized for FRASER


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

75 1

743
1,099

850

164

381
379
374
371
381
375
36S
367
369

370
367
364
356
389
383
394
409
382

,255 ,
,252
,248
,248 i

50
48 .
36
37 3

1 ,940
1,929
,917

,248
,250
,251
,250

35
32
35 !;
37

,913
,903
, 901
,900

,248
,246
,246
,245

32
29
27
21

,893
,888
,889
,881

,245 !
,244
,244 j
,244 ;
,246

2')
27 i
25
30
30

,878
,864
,850
,846
,847

,245 '
,244
,246
,246

25
24
24
34

,833
,824
,812
,794

, 243
,242 ';
,238
,238

28
29 i
27
32

,779
,770
,767
,749

,236
,234
,232
,231
,230 |

36
24
47
21
29

,746
,736
,717
,700
,693

:'
{

,230
,230
,229 '
,236 ,

39
37
38
2f>

,688
,682
,682
,661

,230 j
,227 i
,222 '
,223 i
,221 :

26 44
22
22
65

,657
,647
,637
,621
,616

,217 ,
,216
,217 '
,217 ,

26
20
26
46

,611
, 603
,584
,578

,213
,212
,209 '
,209

44
34
2S
19

, 580
, 566
, 548
,536

,207 '
,204 ,
,204 '
,200
,199 ,

22
22
26
47
53

,537
,540
1,512
1,519
1,533

j
i
'

.
'

'

'!

>

(.

;
,
;

I
''
'1
i
,

,911

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
^Balances with

Investments
U.S. Government securities

Total

Bills

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

1942
15,145
15,259
15,339
15,398

957
,047
,147
,240 _ _ _ . . = _ _

14,188
14,212
14,192
14,158

3,665
3,666
3,673
3,689

1,671
2,060
1,953
1 ,892

568
571
539
552

10,053
10,285
10,507
10,452

3,190
3,364
3,366
3,329

8
7
8
8

,142
,174
,173
,188

46,764
47,694
47,757
47,763

Jan.

7
14
21
28

15,430
15,433
15,449
15,855

,266
,274
,240
,206 _ _ _ . , . . _

14,164
14,159
14,209
14,649

3,682
3,697
3,714
3,696

1,746
1,809
1,911
2,453

531
548
532
547

10,229
10,268
10,394
10,001

3,282
3,250
3,321
3,267

7
8
7
7

,219
,213
,194
,207

47,368
47,548
47,891
48,425

Feb.

4
11
18
25

15,874
15,935
15,759
1 5 , 644

,199
,238
,067
923

14,675
14,697
14,692
14,721

3,670
3 688
3,826
3,735

1,764
1,945
2,032
1,736

526
556
523
515

10,233
10,301
10,287
9,957

3,260
3,263
3,312
3,300

6
7
7
7

,219
,220
.194
,155

47,926
48,326
48,386
47,451

Mar.

4
1)
18
25

15,389
15,776
16,446
16,435
16,405

680
,045
,113
,103
,058

14,709
14,731
14,727
14,723
14,736

3.711
V726
3,724
3,716
3,706

1,985
1 653
2,363
1,856
1,918

491
520
502
519
535

9,951
10 049
9,884
9,896
9,902

3,367
3,265
3,323
3,214
3,217

7
9
8
8

,146
,176
,163
,150
,218

47,441
47,554
48,746
48,036
48,003

Apr.

606
609
611

1
8
15
22
29

16,471
16,576
17,210
17,180

,068
,150
,236
,226

676
676
687
674

14,727
14,750
15,287
15,280

3,656
3,645
3,666
3,584

1,795
2,038
1,963
1,887

516
541
485
514

9,646
9,794
9,709
9,695

3,248
3,369
3,297
3,428

8
8
8
8

,157
,154
,168
,158

47,505
48,126
48,518
48,416

May

6
13
20
27

17,226
17,346
17,364
17,361

,281
,388
,390
,384

672
675
672
670

15,273
15,283
15,302
15,307

3,548
3,546
3,537
3 , 508

1,895
1,805
2,062
1,857

488
524
510
517

9,812
9,754
9,821
9,650

3,415
3,357
3,481
3,339

7
6
7
9

,152
,148
,095
,192

48,448
48,330
48 , 653
48,151

June

3
10
17
24

18,232
18,313
19,110
19,218
19,387

,447
,526
,633
,751
,921

,471
,482
,461
,454
,455

15,314
15,305
16,016
16,013
16,011

3,410
3,392
3,382
3,414
3,429

2,301
1,872
2,543
1,866
1,874

475
503
491
493
509

9,351
9,308
9,207
9,638
9,602

3,290
2,675
2,740
2,687
2,709

11
8
10
10
9

,114
,122
,140
,153
,193

48,924
47,854
49,469
49,243
49 , 408

July

1
8
15
22
29

19,441
19,509
20,425
20,564

2,009
2,065
2,107
2,229

,414
,406
2,251
2,256

16,018
16,038
16,067
16,079

3,419
3,452
3,458
3,462

1,842
2,065
1,892
1,887

475
495
480
491

9,613
9,667
9,642
9,533

2,713
2,775
2,678
2,644

8
8
8
9

,179
,157
,180
,170

49,339
49,770
50,397
50,237

Aug.

5
12
19
26

20,588
20,525
20,588
21,488
22,054

2,245
2,226
2,385
2,423
2,337

2,267
2,224
2,223
3,093
3,029

16,076
16,075
15,980
15,972
16,688

3,487
3,470
3,457
3,535
3,539

1,874
1,889
2,367
2,048
2,385

473
498
496
503
496

9,379
9,361
9,571
8,846
8,618

2,635
2,696
2,870
2,617
2,526

10
10
9
9
10

,184
,181
,154
,186
,210

50,012
49,957
50,825
50,558
51,199

Sept.

2
9
16
23
30

22,179
22,149
23,931
23,786

2,536
2,627
2,721
2,811

3,007
3,002
2,983
2,945

16,636
16,520
18,227
18,030

3,523
3,495
3,442
3,443

1,942
2,756
2,211
2,200

506
536
502
524

8,700
9,086
9,184
9,155

2,535
2,713
2,575
2,635

10
9
9
9

,168
,175
,189
,234

50,836
52,183
53,384
53,306

Oct.

7
14
21
28

24,120
24,027
24,423
24,581

2,911
2,832
3,218
3,369

3,358
3,363
3,367
3,383

17,851
17,832
17,838
17,829

3,359
3,323
3,310
3,300

2,539
2,159
2,327
2,333

523
515
516
517

9,053
9,278
9,376
9,478

2,639
2,665
2,800
2,741

7
7
10
7

,199
,204
,199
,193

53,884
53,519
54,133
54,208

Nov.

4
11
18
25

24,808
24,843
26,317
26,510
27,835

3,570
3,617
3,851
3,974
3,786

3,429
3,388
3,418
3,452
4,958

17,809
17,838
19,048
19,084
19,091

3,284
3,297
3,283
3,264
3,313

2,329
2,060
2,531
2,425
2,953

516
556
551
556
559

9,483
9,845
10,106
9,660
9,428

2,768
2,733
2,834
2,771
2,598

,214
,215
,155
,142
,151

54,705
54,863
57,017
57,021
58,167

Dec.

2
9
16
23
30

Digitized for FRASER


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

165

to

11
10
9

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Demand deposits

"
!

Total
Adjusted

Unadjusted

'!

Individuals, States and


U.S.
1
partnerships,
O0verm?t
political
and corps. subdivisions

Interbank
Domestic

Certified
and
officers'
cheeks

Foreign

1942
j

Jan.

7
14
21
28

42,079
43,030
43,078
43,077

23,884
24,169
24,426
24,747

36,628
37,622
37,698
37,711

23,384
24,046
24,132
24,206

1,651
,620
,712
,820

,492
,580
,547
,451

8,938
9; 174
9,137
8,988

643
639
635
633

Feb.

4
11
18
25

42,685
42,869
43,199
43,727

24,453
24,731
24,961
24,712

37,348
37,550
37,888
38,419

23,883
24,275
24,619
24,595

,826
,810
,758
,804

,464
,469
,237
,671

9,066
. 91 8
9; 148
8,937

619
623
631
646

490
455
495
766

Mar.

4
11
18
25

43,221
43,620
43,662
42,722

24,815
25,129
25,010
24,574

37,916
38,350
38,417
37,480

24,313
24,777
24,577
23,933

,773
,768
,835
,876

,784
,792 1
,835
,850

8,933
8.851
8J911
8,690 |

620
633
629
630 t

493
529
f>30
501

Apr.

I
8
15
22
29

42,712
42,809
44,000
43,289
43,259

24,197
24,799
24,725
25,145
25,358

37,475
37,576
38,767
38,060
38,024

23,673
24,093
24,590
24,526
24,636

,916
,888
,920
,995
2,096

,869
,720
2,174
,780
, 506

8.792
g:7BI
8,880
8,643
8,597

632
623
625
636
645

May

6
13
20
27

42,738
43,360
43,754
43,608

24,854
25,241
25,395
25,511

37,497
38,133
38,532
38,403

23,997
24,752
24,752
24,825

2,102
2,061
2,080
2,030

,393
292
,834
,521

June

3
10
17
24

43,630
43,505
43,837
43,316

25,483
26,022
26,058
25,948

38,428 I
38,301 f
38,620
38,129

24,922
25,433
25,755
25,462

,971
,902
,879
,865

July

1
8
15
22
29

44, 120
43,029
44,614
44,412
44,563

25,502
25,654
25,822
26,313
26,670

38,918
37,835
39,428
39,219
39,364

25,343
25,321
25,936
25,942
26,236

Aug.

5
12
19
26

44,465
44,883
45,534
45,365

26,138
26,526
26,718
27,168

39,264
39,670
40,310
40,125

Sept.

2
9
16
23
30

45,120
45,048
45,926
45,637
46,215

27,217
27,650
28,085
27,807
27,424

Oct.

7
14
21
28

45,893
47,232
48,427
48,333

Nov.

4
11
18
25
2
9
16
23
30

Dec.

Digitized for FRASER


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

520
563
535
613

593
471
578
480
544

8.802 1
8 908 !
8,687
8,826

653 ,
654
653
658

550
466
526
543

1,301
824
608
652

9,088 j
8,993
9,227 1
9 012 |

661
657
665
^60

485
492
486
478

,803
,718
,730
,772
,811

1,442
t,094
t,914
2,053
1,782

9,005
8,541
8,470 i
8,313
8,364

668
674
679
674
674

657
487
699
465
497

25,651
26,379
26,424
26,836

,824
,753
,735
,763

2,120
1,872 I
2,614
2,009

8,477 '
8.523
8,418
8,382

687
684
668
679

505
459
451
456

39,880
39,794
40,680
40,379
40,951

26,818
27,300
28,180
27,504
27,344

,806
,806
,752
,847
,909

1,511
832
417
1,124
2,018

H,604
8 746
9,136
8,721
8,453

674
677
675
679
671

467
433
520
504
556

27,819
28,183
28,431
28,639

40,619
41,944
43,138
43,040

27,387
28,579
28 , 304
28 , 345

,862
,851
,837
,947

1,434
1,103
3,103
2,696

8.745 i
9;227
8,717 !l
8,825 '.

679
675
676
680

512
509
501
547

48,895
48,530
49,138
49,203

28,593
28,927
29,698
30,224

43,591
43,215
43,806
43,879

28,555
28,683
29,615
30,089

,969
,911
,866
,901

2,821
2,292
1,700
1,310

8,944
9,152
9,394
9,310

694
6B5
687
702

608
492
544
567

49,664
49,795
51,959
51,961
53,099

28,852
29,011
29,120
28,504
28,257

44,366
44,500
46,656
46,657
47,775

28,733
28,765
29,350
28,644
28,709

,867
,793
,766
,723
,759

3 5 092
3,388
4,857
5,636
6,757

9,389
9,334
9,420
9,354
9,077

166

1
1
!
j

704
707
728
738
731

581
513
535
562
742

WEEKLY REPORTING BANKS


LIABILITIESContinued
V/EEKLY, 1941-65Continued
of dollars)
Borrowings

Time deposits
Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities

Date

and

capital
accounts

1942
5,451
5,408
5,380
5,366

5,130
5,097
5,072
5,058

186
181
179
181

22
23
23
20

106
100
99
100

7
7
7
7

1
1
1
1

762
747
766
765

3,922
3,916
3,912
3,920

46,764
47,694
47,757
47,763

Jan.

5,337
5,319
5,311
5,308

5,025
5,007
5,003
5,005

186
187
185
180

20
20
20
20

99
98
96
96

7
7
7
7

1
1
1
1

757
751
765
768

3,925
3,927
3,926
3,929

47,368
47,548
47,891
48,425

Feb.

5,305
5,270
5,245
5,242

5,006
4,977
4,964
4,957

179
173
162
165

20
20
20
20

93
93
92
93

7
7
7
7

1
I

3,939
3,930
3,930
3,391

47,926
48,326
48,386
47,451

Mar.

765
775
793
797

5,237
5,233
5,233
5,229
5,235

4,953
4,945
4,945
4,940
4,929

164
169
170
172
189

20
20
20
20
20

93
92
91
90
90

7
7
7
7
7

6
3
5
6
8

786
806
804
805
807

3,937
3,936
3,937
3,936
3,929

47,441
47,554
48,746
48,036
48,003

Apr.

5,241
5,227
5,222
5,205

4,927
4,920
4,918
4,918

197
193
192
174

20
20
20
20

90
88
86
87

7
6
6
6

4
2
3
8

816
816
814
854

3,947
3,948
3,947
3,946

47,505
48,126
48,518
48,416

May

5,202
5,204
5,217
5,187

4,914
4,916
4,927
4,939

175
175
177
138

20
20
20
20

87
87
87
85

6
6
6
5

2
2
2
3

863
871
865
889

3,953
3,952
3,949
3,943

48,448
48,330
48,653
48,151

June

5,202
5,194
5,186
5,193
5,199

4,955
4,956
4,957
4,969
4,975

137
129
121
119
120

20
20
20
20
20

85
84
83
80
80

5
5
5
5
4

15

839
870
871
872
878

3,950
3,954
3,948
3,953
3,951

48,924
47,854
49,469
49,243
49,408

July

3S
6
16

5,201
5,213
5,224
5,240

4,981
4,995
5,006
5,019

116
114
115
116

20
20
20
24

79
79
78
77

5
5
5
4

22
2*
I
I

891
899
901
906

3,961
3,964
3,961
3,965

49,339
49,770
50,397
50,237

Aug.

5,240
5,254
5,246
5,258
5,264

5,019
5,030
5,027
5,040
5,038

115
116
113
114
121

24
26
26
26
26

77
78
75
74
74

5
4
5
4
5

2
21
2
3
53

915
916
930
950
958

3,975
3,972
3,967
3,968
3,973

50,012
49,957
50,825
50,558
51,199

Sept.

5,274
5,288
5,289
5,293

116
116
103
102

26
26
26
26

71
72
71
73

5
4
5
5

7
5
7
14

957
965
966

50,836
52,183
53,384
53,306

Oct.

972

3,979
3,983
3,984
3,987

5,304
5,315
5,332
5,324

5,056
5,070
5,084
5,087
5,100
5,117
5,128
5,121

103
99
105
106

26
26
26
26

70
68
68
66

5
5
5
5

973
979
987
998

3,999
4,004
4,007
4,006

53,884
53,519
54,133
54,208

Nov.

5,298
5,295
5,303
5,304
5,324

5,102
5,098
5,107
5,108
5,130

100
100
100
100
100

26
26
26
26
26

65
66
65
65
64

5
5
5
5
4

17
6
1
1
1
11
1
6
1

,022
,043
,043
,043
,055

4,018
4,014
4,014
4,011
4,012

54,705
54,863
57,017
57,021
58,167

Dec.

Digitized for FRASER


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

167

14
21
28

11
18
25

11
18
25

8
15
22
29

13
20
27

10
17
24

8
15
22
29

12
19
26

9
16
23
30

14
21
28

11
18
25

9
16
23
30

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions

Loa ns
Loans and
investments

Total
1
1

Date

-^ '

Total

Total
adjusted

Adjustcd

1943

Net

f^nm| mercinl.
indus' trial,
1 and agC ricul! turn I

"

Fo r p u rcha si n g o r c:; r ry ing


;
securities
= -- - -p -
i
1
!
Loans
To brokers and
i
To
' Real
to
estate ;
'
dealers
i;
others
i
I banks
.,__ ,_^=
j
:|
'i
\
Other
U.S. { Other
U.S.
securiGovt.
securiGovt.
1
securi*
ties
securities
]
ties
i
ties
i!

1
,

"""1
i
10,035
9,811
9,722 '
9,738

6,240
6,183 ;
6,162 !
6,149 |

718
578
552
567

41,324
41,208
41,336
41,534

Feb.

3
10
17
24

41,708
41,475
41,365
41,353

41,662
41,417
41,315
41,282

9 , 744
9,723 i
9,631
9,572

9 . 790
9! 78 1
9J6B1
9,643

6,131 i
6,131 :
6,081 '
6,042

637
636
616
607

3
10
17
24
31

41,470
41,861
42,198
42 , 004
41,391

41,413
41,805
42,124
41,954
41,337

9,460
9 , 432
9,485
9,443
9,402

9,5(7
9,488
9,559
9,493
9,456

5,963
6,030
6,027
5,975
5,912

SB 5
509
572
588
617

7
14
21
28

41,646
42,250
44, 127
45,772

41,563
42,168
44,022
45,689

9,352
9,482
10,309
10,554

9,435
9,564
10,414
10,637

5,825 j
5,B06
5,805
5,850

665
814
1 ,482
1,652

46, 1 OB
47,289
19
47,368
26 t 47,068

45,987
47,171
47,293
47,019

10,553
10,276
9,999
9,852

10,674
10,394
10,074
9,901

5,808
5,767
5,745
5,707

1,586
1,394
1,198
1,156

47.182
46,808
46,965
46 , 1 47
45,843

47,088
46,775
46,870
46,101
45,815

9,694
9,557
9,554
9,408
9,457

9,788
9,590
9,649
9,454 1
9,485 }

5,662
5,637
5.625
5,565 I
5,542

1,046
983
1.019
'927
1,014

9,536
9,605
9,401
9,432

9,593
9,675
9,449
9,479

5,565
5,638
5,618
5,628

1,092
1,102
948
992

May

June

5
I?
2

16
23
30
Julv

7
14
21
28

45,563
46,822
46,612
46,482

45 , 506
46,752
46,564
46,435

Aug.

4
11
18
25
1
8
15
22
29

46,954
46,899
47,040
46,719

46,918
46,846
47,001
46,675

9,535
9,490
9,521
9,564

9,571
9,543
9,560
9,608

5,678
5,714
5,740
5,739

1,058
985
1,010
1,052

46,739
46,902
49,412
50,143
50,998

46,665
46,848
49,333
50,087
50,922

9,630
9,717
10,796
11,188
11 , 726

9,704
9,771
10,875
11,244
1 1 , 802

5,735
5,765
5,992
6,132
6,207

1,127
1 , 192
1,691
1,827
1,994

6
L3
20
27

51,278
51, 6-48
53,477
52,982

51,219
5 1 , 579
53,363
52,911

12,058
11,940
11,767
1 1 , 697

12,117
1 2 , 009
11,881
11,768

6,277 j
6,307
6,361
6,424

2,OB4
I.9S4
1J828
1,750

3
10
17
24

52 , 642
52,051
51,989
51,462

52,563
51,967
51,913
51,391

11,618
11,399
11,235
11,196

U , 697
11,483
11,311
11,267

6,458
6,451
6,435
6,423

1,697
1,601
1,487
1,571

I
8
15
22
29 |l

51,166
50,535
50,509
49,950
49 , 734

51,077
50,452
50,388
49,839
49,671

10,936
10,843
10,871
10,886
10,776

11,025
10,926
10,992
10,997
10,839

6 S 379
6,395
6,410
6,486
6,421

1,447
1,411
1,450
1 , 393
1,328

Sept.

Oct.

Nov.

Dec.

Digitized for FRASER


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

168

,481
,457
,445
,437

358
350
347
346

,184 :'
,182

46 i
5SJ
50
73

,434
,424
,408
,401

342
3.3
335
342
344

,176 '
,176 !

,168
;
,169 J

57
56
74
SO
54

, 394
,384
,3 S3
, 369
,367

343
354
4W
504

,160
,150 i;
,159
,161 !

a 05
83

,359
,348
,376
,387

617
585
5 53
506

,156 j
,155 i
,153
,152

121
118
75
49

, 386
, 375
,350
,331

491
465
4 *8
432
424

,144 !
,153 i
,158

94
33
95
46
2B

, 345
,322
,328
,331
.319

420
435
394
379

,148 J
, 1 60
,159 *
,157 ,

57
70
48
47

,311
, 300
,282
,376

371
3 71
3 63
366

,154 !
,151
,147
,147

36
53
39
44

,274
,269
,261
,260

,145
,147
,140
,141

74
54
79
56

41,344
41,239
41,361
41,588

Apr.

20 '
31
25
54

381
370
350
342

6
13
20
27

Mnr.

,195
, 192 j
,188 '
,189 :j

1
,:
!
'!

Jan.

10,015
9,780
9,697
9,684

All
other

,
!

!
i

i
i

358
352
647
750
999
1,126
1 0 E2
1,029
978

f
1
'

936
836
807

17

635
575
547

531
578

!
i

,179 ;

,176 1

,162 i

,150
s
,150 ;

83
82 !

'"
,137 ,
,136
, 1 35
,132

76

,265
,261
,326
,338
,391

59
69
114
71

,434
,431
,414
,413

;
,
1
|

,129
,127
,128
,125

79
84
76
71

,398
,384
,378
,360

,125 ;
,123 ;
,123
,108
, 108

89
83
121
111
63

,350
,339
,341
,368
,341

1
1
i1
I
:

,i
:

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

28,025
28,142
28,347
28,564

4,019
4,136
4,309
4,440

4,977
4,996
5,016
5,060

19,029
19,010
19,022
19,064

3,284
3,286
3,292
3,286

2,373
2,350
2,235
2,327

537
544
498
515

9,933
9,778
9,675
9,756

2,697
2,690
2,658
2,670

16
12
13
12

,154
,177
,177
,209

58,054
57,790
57,617
58,077

Jan.

6
13
20
27

28,648
28,428
28,424
28,438

4,476
4,239
4,154
4,153

5,059
5,060
5,074
5,003

19,113
19,129
19,196
19,282

3,270
3,266
3,260
3,272

2,177
2,119
2,495
2,441

494
529
500
539

9,418
9,276
9,508
9,445

2,512
2,494
2,631
2,592

12
12
11
10

,264
,205
,213
,224

57,585
57,110
57,723
57,604

Feb.

3
10
17
24

28,657
29,108
29,343
29,289
28,706

4,244
4,557
4,692
4,452
3,755

5,001
5,034
4,996
5,007
4,993

19,412
19,517
19,655
19,830
19,958

3,296
3,265
3,296
3,222
3,229

2,383
2,235
2,476
2,254
2,494

502
524
544
523
500

9,351
9,550
9,781
9,472
9,224

2,572
2,603
2,723
2,561
2,488

10
10
9
10
10

,244
,228
,195
,193
,198

57,532
58,011
58,926
58,017
57,305

Mar.

3
10
17
24
31

28,998
29,475
30,487
31,909

3,911
4,149
4,773
4,840

5,007
5,140
5,353
6,532

20,080
20,186
20,361
20,537

3,213
3,211
3,226
3,226

2,339
3,030
2,554
2,596

490
526
516
556

9,544
9,285
8,642
8,608

2,482
2,618
2,658
2,618

11
12
12
14

,199
,220
,192
,223

57,711
58,941
59,701
61,387

Apr.

7
14
21
28

32,331
33,799
34,215
34,093

4,947
5,343
5,583
5,463

6,708
6,814
6,880
6,883

20,676
2t,642
21,752
21,747

3,103
3,096
3,079
3,074

2,512
2,691
2,573
2,332

510
527
508
533

8,284
8,333
8,419
8,489

2,542
2,567
2,491
2,461

12
12
12
12

,230
,266
,241
,260

61,198
62,685
62,612
62,155

May

5
12
19
26

34,317
34,141
34,251
33,631
33,295

5,636
5,346
5,804
5,195
4,860

6,883
6,910
6,923
6,986
6,991

2t,798
21,885
21,524
21,450
2 1 , 444

3 , 077
3,077
3,065
3,062
3,063

2,515
2,248
2,810
2,344
2,798

504
538
558
531
503

8,570
8,694
8,894
8,677
8,556

2,410
2,335
2,441
2,308
2,297

11
11
13
13
18

,280
,285
,218
,187
,208

62,472
61,919
62,899
61,207
61,223

June

2
9
16
23
30

32,987
34,165
34,207
34,072

4,463
4,627
4,762
4,478

6,985
6,982
6,985
7,029

21,539
22,556
22,460
22,565

2,983
2,982
2,956
2,931

2,492
2,891
2,384
2,387

514
552
528
539

8,529
8,683
8,740
8,714

2,272
2,382
2,307
2,238

14
15
12
13

,174
,212
,228
,216

60,558
62,557
61,811
61,589

Julv

7
14
21
28

34,464
34,437
34,574
34,209

4,238
4,114
4,132
3,678

7,599
7,581
7,603
7,633

22,627
22,742
22,839
22,898

2,919
2,919
2,906
2,902

2,372
2,361
2,396
2,283

515
526
515
525

8,705
8,776
8,986
9,050

2,217
2,222
2,296
2,186

12
13
12
11

,290
,228
,249
,227

62,065
62,025
62,494
62,001

Aug.

4
11
18
25

34,100
34,213
35,584
35,947
36,210

3,524
3,570
4,267
4,354
4,360

7,635
7,657
8,110
8,248
8,368

22,941
22,986
23 , 207
23,345
23,482

2,935
2,918
2,953
2,952
2,986

2,460
2,330
3,649
2,554
2,603

503
520
562
563
582

9,203
9,562
9.609
8,637
8,306

2,207
2,234
2,549
2,291
2,287

12
11
12
12
13

,266
,283
,272
,202
,213

62,390
62,842
67,065
65,402
66,002

Sept,

I
8
15
22
29

36,215
36,698
38,682
38,327

4,211
4,585
4,880
4,626

8,417
8,407
9,318
9,274

23 , 587
23,706
24,484
24,427

2,946
2,941
2,914
2,887

2,353
3,341
2,702
2,586

539
574
541
559

8,200
8,267
8,321
8,392

2,208
2,293
2,314
2,265

13
14
15
14

,220
,233
,255
,253

65,811
67,370
68,625
68,051

Oct.

6
13
20
27

38,071
37,732
37,857
37,377

4,405
4,177
4,340
3,909

9,270
9,190
9,163
9,183

24,396
24,365
24,354
24,285

2,874
2,836
2,821
2,818

2,755
2,714
2,857
2,703

543
547
553
549

8,354
8,472
8,521
8,689

2,233
2,236
2,297
2,156

14
13
16
16

,274
,278
,241
,284

67,815
67,311
67,474
66,859

Nov.

3
10
17
24

37,341
36,823
36,722
36,169
36,109

3,918
3,554
3,615
3,198
3,238

9,165
9,058
8,957
8,844
8,750

24,258
24,211
24,150
24,127
24,121

2,800
2,786
2,795
2,784
2,786

3,036
2,510
3,165
2,883
3,010

545
575
593
610
601

8,785
8,789
8,983
8,788
8,776

2,194
2,155
2,284
2,171
2,163

16
17
14
15
15

,303
,280
,226
,205
,203

67,045
65,861
66,774
65,622
65 , 502

Dee.

I
8
15
22
29

1943

Digitized for FRASER


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

169

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Demand deposits

Total
demand

Total

and

time
deposits

Date

Adjusted

Unadjusted

Individuals, States and '


U.S.
partnerships,
Government
political
and corps. subdivisions

Interbank
Domestic

Foreign

1943
Jan,

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept,

Oct.

Nov.

Dec.

Digitized for FRASER


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

53,016
52,734
52,545
53,008

28,367
28,964
29,472
30,056

47,635
47,338
47,117
47,567

28,357
29,001
29,393
29,823

1,722
1,751
1,784
1,866

6,742
5,944
5,360
5,129

9,425
9,347
9,330
9,343

52,510
51,950
52,590
52,440

29,753
30,157
30,620
31,129

47,037
46,475
47,103
46,940

29,434
29,877
30,699
31,350

1,888
1,855
,829
,842

5,245
4,410
3,940
3,366

52,362
52,820
53,699
52,813
52,032

31,305
32,116
32,385
32,128
31,848

46,834
47,290
48,176
47,282
46,493

31,162
31,917
32,338
31,954
31,815

,858
,850
,855
,831
,913

52,443
53,667
54,406
56,146

32,955
32,996
30,313
30,098

46,861
48,094
48,832
50,558

32,725
33,427
30,370
30,112

55,952
57,362
57,334
56,892

29,528
30,051
30,652
31,185

50,368
51,748
51,692
51,230

57,149
56,613
57,517
55,851
55,915

31,386
32,061
32,787
32,472
32,289

55,201
57,182
56,458
56,216

728
733

661
562
530

9,136
9,071
9,322
9,286

736
718

72f>

788

598
544
587
578

2,964
2,716
2,778
2,817
2,266

9,453
9,505
9,800
9,342
9,139

729
718
737 I
741
746

668
584
668
597
614

,899
,850
,782
,890

1,408
1,639
5,995 !
8,044

9,439
9,708
9,248
9,092

720
721
722
728

670
749
715
692

29,423
30,293
30,719
31,072

,761
,767
,766
,837

8,496
9,342 !
8,861
8,294

9,112
8,935
8,869
8,673

720
729
737 !

746

856
682
740
608

51,458
50,919
51,816
50,112
50,171

31,395
31,890
33,064
32,383
32,536

,838
,794
,793
,756
,852

7,981
7,029
6,358
5,764
5,652

8,826
8,823
9,106
8,773
8,666

758
755
759
766

750

668
625
740
677
699

32,325
32,883
33,386
33,840

49,425
51,381
50,631
50,325

32,330
33,236
33,381
33,688

,781
,790
,811
,846

4,924
5,973
5,345
4,777 ;

8,908
8,868
8,748
8,544

776
766
768
111

706
748
578
693

56,698
56,610
57,072
56,543

33,746
33,796
34,311
35,145

50,785
50,666
51,094
50,554

33,535
33,797
34,341
34,963

,857
,831
,802
,829

5,300
5,131
4,769
3,791

8,582
8,604
8,838
8,550

785
774
780 \
758

726
529
564
636

56,840
57,300
61,531
59,950
60,527

35,733
36,283
32,862
31,613
30,601

50,828
51,262
55,514
53,971
54,555

35,533
36,102
33,775
31,830
30,903

1,922
1,912
1,752
1,615
1,676

3,072
2,802
8,747
10,176
11,833

8,770
9,047
9,477
8,870
8,757

793
800
779
758
761

738
599
984
722
625

60,370
61,889
63,061
62,537

30,322
30,742
31,366
31,817

54,371
55,877
57,027
56,479

30,395
31,652
31,718
32,069

1,682
1,622
1,621
1,699

12,203
12,204
13,470
12,680

8,725
8,835
8,718
8,620

768
755
771
776

598
809
729
635

62,287
61,796
61,915
61,265
61,406
60,159
61,026
59,858
59,771

31,774
32,039
32,649
33,201
33,651
34,075
34,750
34,185
33,895

56,198
55,686
55,785
55,122
55,252
53,970
54,815
53,627
53,504

32,039
32,226
33,124
33,434
33,970
34,147
35,287
34,521
34,297

1,834
1,749
1,713
1,731

12,110
11,401
10,610
9,870

8,771
8,753
8,902
8,561

788
779
767
787

656
778
669
739

8,710
8,668
8,843
8,667
8,549

787
796
111
S04
819

951
721
920
831
912

13
20
27

10
17
24
10
17
24
31
14
21
28
12
19
26
9
16
23
30
14
21
28
11
18
25
8
15
22
29
13
20
27

10
17
24

8
15
22
29

170

1,766
1,717
1,708
1,716
1,696

9,068
7,921
7,280 1
7,088
7,231

720 I
712

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Borrowings

Time deposits

Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

U.S.
Government

Interbank
Domestic

Other

From
F. R.
Banks

Foreign

Other
liabilities

Capital
accounts

Total
liabilities

Date

and

capital
accounts

1943
5,381
5,396
5,428
5,441

5,188
5,204
5,232
5,247

100
99
103
102

26
28
28
28

63
61
60
60

4
4
5
4

1
1
16
13

,010
,028
,031
,030

4,027
4,027
4,025
4,026

58,054
57,790
57,617
58,077

Jan.

5,473
5,475
5,487
5,500

5,268
5,276
5,289
5,305

112
107
106
106

28
28
28
29

61
59
59
56

4
5
5
4

12
71
17
41

,026
,047
,072
,077

4,037
4,042
4,044
4,046

57,585
57,110
57,723
57,604

Feb.

5,528
5,530
5,523
5,531
5,539

5,333
5,340
5,333
5,352
5,361

105
99
97
88
89

29
29
29
29
29

56
57
59
58
56

5
5
5
4
4

29
31
66
26
102

,088
,112
,109
,121
,112

4,053
4,048
4,052
4,057
4,059

57,532
58,011
58,926
57,017
57,305

Mar.

5,582
5,573
5,574
5,588

5,396
5,384
5,367
5,381

96
99
117
115

29
30
30
31

56
55
55
56

5
5
5
5

79
58
11 )
84

,123
,149
,116
,090

4,066
4,067
4,069
4,067

57,711
58,941
59,701
61,387

Apr.

5,584
5,614
5,642
5,662

5,381
5,406
5,435
5,454

116
118
117
117

31
31
31
31

52
54
54
55

4
5
5
5

92
13 471
46

,066
,097
,108
,117

4,088
4,092
4,099
4,100

61,198
62,685
62,612
62,155

May

5,691
5,694
5,701
5,739
5,744

5,480
5,485
5,494
5,529
5,530

121
117
117
119
119

32
34
34
35
39

53
53
51
50
50

5
5
5
6
6

82
2I
82
4I
14

,129
,166
,180
,197
,179

4,112
4,119
4,120
4,118
4,115

62,472
61,919
62,899
61,207
61,223

June

5,776
5,801
5,827
5,891

5,564
5,586
5,616
5,677

116
119
117
120

40
40
40
40

50
50
49
49

6
6
5
5

66
7I
34
32

,160
,174
,191
,198

4,131
4,129
4,128
4,143

60,558
62,557
61,811
61,589

July

5,913
5,944
5,978
5,989

5,701
5,732
5,766
5,769

119
119
119
121

40
40
40
45

49
48
48
49

4
5
5
5

37
48
3I
50

,177
,207
,232
,247

4,153
4,160
4,158
4,161

62,065
62,025
62,494
62,001

Aug.

6,012
6,038
6,017
5,979
5,972

5,792
5,816
5,792
5,755
5,749

123
123
123
121
119

45
46
49
49
51

47
48
48
49
48

5
5
5
5
5

101
8{
61
38
61

,276
,287
,295
,245
,249

4,173
4,174
4,172
4,169
4,165

62,390
62,842
67,065
65,402
66,002

Sept.

5,999
6,012
6,034
6,058

5,770
5,784
5,802
5,829

118
117
118
117

57
58
59
59

49
48
50
48

5
5
5
5

39
50
10'7
37

,216
,242
,267
,280

4,186
4,189
4,190
4,197

65,811
67,370
68,625
68,051

Oct.

6,089
6,110
6,130
6,143

5,859
5,882
5,902
5,913

118
117
118
118

60
61
61
63

47
45
44
44

5
5
5
5

56
43
61
64

,261
,254
,276
,308

4,211
4,218
4,222
4,222

67,815
67,311
67,474
66,859

Nov.

6,154
6,189
6,211
6,231
6,267

5,929
5,957
5,982
6,003
6,037

114
119
117
116
118

63
64
64
64
64

43
44
43
43
43

5
5
5
5
5

76
11 8
12 5
131
114

,327
,344
,368
1,390
1,368

4,236
4,240
4,255
4,243
4,249

67,045
65,861
66,774
65,622
65,502

Dec.

Digitized for FRASER


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

171

13
20
27

10
17
24

10
17
24
31

14
21
28

12
19
26

9
16
23
30

14
21
28

11
18
25

8
15
22
29

13
20
27

10
17
24

8
15
22
29

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

j
For purchasing or carrying
seen titles

Total
Date
Total

Total
adjusted

Adjusted

Net

Commercial,
industrial, 1
andag- '
ri cultural

To brokers and
dealers
__.
j
=_

To
others
I __,_ li . i __^ .,_=._

Other
U.S.
Govt. ! securities
securities

1944

?i
I

U.S.
Govt.
securities

All
other

Loans
to
banks

Real
estate

Other
securities

Jan.

5
12
19
26

49,527
49,539
49,892
50,288

49,467
49,488
49,832
50,215

10,643
10,665
10,703
10,829

10,703
10,716
10,763
10,902

6.335
6.360
6,349
6,369

743
827
843
971

563
543
589
583

337
298
290
278

303
296
300
301

,H)7
,104
,107
,106

60
51
60
73

255
,237
225
221

Feb.

2
9
16
23

52,177
53,256
53,854
53,267

52,091
53,155
53,762
53,197

11 , 345
11,425
11 , 780
11,600

1 1 , 43 1
11,526
11,872
1 1 , 670

6,396
6,393
6,446
6,412

,057
959
1,153
1,109

592
602
601
603

657
831
903
838

304
301
355
318

,009
,095
,092
,092

86 1
101
92
70

240
244
230
,228

Mar.

1
8
15
22
29

53,290
52,903
52,884
52,401
52,012

53,188
52,826
52,797
52,342
51,957

11,433
11,453
11,344
11,116
10,963

1 1 , 535
1 1 , 530
1 1 , 43 1
11,175
11,018

6,394
6,369
6,396
6,370
6,305

1,042
1,182
1,079
909
861

625
614
616
617
621

759
687
635
619
579

302
305
307
301
301

,0H9
,085
,083
,082
,081

102
77
87
59
55

222
211
,228
,218
,215

Apr.

5
12
19
26

51,633
51,596
51,453
51,064

51,559
51,533
51,387
50,982

10,696
10,557
10,392
10,281

10,770
10,620
10,458
10,363

6,215
6,188
6,151
6,069

745
694
605
676

533
485
432
355

298
298
297
287

,078
,076
.077
,078

74
63
66
B2

.210
, 204
,203
,197

May

3
It)
17
24
31

50,674
50,611
50,319
50,240
49,988

50,612
50,554
50,264
50,201
49,933

10,194
10,110
10,181
10,150
10,026

10,256
10,167
10,236
10,189
10,081

6,035
6,015
5,990
5,906
5,846

653
593
620
672
622

617
612
627
619 ,
1
600
616
553
570
570

334
303
299
287 i
279

295
306
307
310
310

,074
,074
,072
,072
,073

62
57
S5
39
55

June

7
14
21
28

50,032
50,405
51,152
55,036

49,979
50,356
51,114
54,983

10,102
10,200
10,378
12,111

10,155
10,249
10,416
12,164

5,870
5,913
5,939
6,027

696
736
812
1,380

565 ;
576
623
652

272
265
285
1,295

303
309
311
321

,071
,072
,072
,073

July

5
12
19
26

56,262
57,211
57,304
57,065

56,170
57,137
57,177
57,981

12,191
12,257
1 1 , 872
1 1 , 643

12,283
12,331
11,999
1 1 , 727

6,037
6,040
6,068
6,088

1,159
1,242
1,019
880

664
653
636
609

1,575
,575
,399 1
,318

344
332
326
346

,069
,070
,072
,070

1
S3 l
49
38
53 'i
92
74 '
127 1
84

,203
,203
,340
,333
,326

Aug.

2
9
16
23
30

56,,917
56,524
56,383
55,906
55,700

56,830
56,474
56,317
55,861
55,646

11,400
11,246
1 1 , 142
11,041
11,011

11,487
11,296
11,208
11,806
11,065

6,015
6,013
6,001
6,006
5,984

807
758
710
742
797

639
593
594
605
596

,213 ,:
,161
,091
971
917

334
337
364
341
338

,071
,068
,071
,072
,071

87 '
50
66
45
54

,321
,316
,311
,304
,308

Sept,

6
13
20
27

55,493
55,041
54,766
54,673

55,432
54,990
54,720
54,641

11,029
10,915
10,900
10,948

11,090
10,966
10,946
10,980

5,986
6,016
6,055
6,076

836
778
818
819

601
614
621
704

893 I
803
679
618

341
339
334
339

,066
,066
,065
,062

61
51
46
32

,306
,299
,328
,330

Oct.

4
11
18
25

54,436
54,087
54,079
54,088

54,398
54,021
54,024
54,023

10,961
10,981
10,925
11,042

10,999
1 1 , 047
10,980
11,107

6,091
6,110
6,136
6,183

838 i
852 !
848
812

719
727
684
805

592
575
546
522

331
328
330
335

,061
,063
,062
,062

38
66
55
65

,329
,326
,319
,323

Nov.

1
8
15
22
29

53,914
53 . 570
54.043
54,222
55,093

53,833
53,507
53,976
54,135
55,029

11,290
11,176
11,216
1 1 , 343
11,601

11,371
11,239
11,283
11,430
1 1 , 665

6,247
6,287
6,328
6,300
6,274

917
922
988
,095
,421

889
760
717
734
697

506
497
477 ;
485
505

345
325
328
350
331

,060
,061
,061
,059
,061

81
63 !
67 !
87
64 '

,326
,324
,317
,320
,312

Dec.

6
13
20
27

58,603
59,524
59.881
59,737

58,527
59,425
59,799
59,678

12,527
12,930
13,063
12,927

12,603
13,029
13,145
12,986

6,382
6.420
6.494
6,518

,430
,480
,451
,431

718
714
715
706

332
336
344
353

,059
,058
1,055
l,05H

76
99
82

,320
,319
,341
,335

Digitized for FRASER


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

172

,286
1,603
1,663
1,526

59

,325
,329
,336
,363
,343
,345
,352
,332

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with

U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

36,033
36,044
36,352
36,585

3,179
3,090
3,154
3,089

8,670
8,777
8,859
8,995

24,184
24, 177
24,339
24,501

2,791
2,779
2,777
2,801

2,731
2,627
2,644
2,715

552
569
544
564

8,716
8,881
9,003
9,031

2,229
2,189
2,198
2,247

17
15
17
17

,220
,230
,248
,239

64,992
65,050
65,546
66,101

Jan.

5
12
19
26

37,930
38,902
39,139
38,755

3,660
4,223
4,125
3,689

8,691
8,818
9,036
9,077

25,579
25,861
25,978
25,989

2,816
2,828
2,843
2,842

2,666
2,483
3,005
2,870

536
542
529
560

8,810
8,539
8,333
8,320

2,276
2,285
2,321
2,122

15
15
15
16

,253
,292
,315
,328

67,733
68,412
69,372
68,483

Feb.

2
9
16
23

38,898
38,522
38,601
38,329
38,087

3,848
3,531
3,608
3,488
3,247

9,043
8,973
8,976
8,877
8,910

26,007
26,018
26,017
25,964
25,930

2,857
2,851
2,852
2,897
2,907

2,776
2,528
3,728
2,673
2,443

506
519
552
549
552

8,510
8,529
8,752
8,521
8,294

2,174
2,107
2,183
2,074
2,001

L6
16
15
15
13

,340
,315
,229
,204
,228

68,612
67,917
69,343
67,437
66,543

Mar.

1
8
15
22
29

38,961
38,089
38,110
37,834

3,137
3,286
3,264
2,981

8,933
8,963
8,994
8,960

25,891
25,840
25,852
25,893

2,902
2,887
2,885
2,867

2,569
2,915
2,838
2,519

518
561
550
559

8,448
8,696
8,799
8,692

2,006
2,073
2,070
1,987

13
12
13
11

,227
,231
,237
,235

66,414
67,084
66,960
66,067

Apr.

5
12
19
26

37,613
37,635
37,232
37,184
37,029

2,773
2,818
2,441
2,433
2,299

8,968
8,963
8,938
8,886
8,886

25,872
25,854
25,853
25,865
25,844

2,805
2,809
2,851
2,867
2,878

2,493
2,457
2,670
2,389
2,697

533
551
547
559
526

8,767
8,792
8,992
9,056
9,060

1,957
1,999
2,050
2,033
2,118

10
12
10
11
11

,255
,260
,272
,278
,313

65,689
65,682
65,860
65,566
65,713

May.

3
10
17
24
31

37,027
37,259
37,832
39,917

2,285
2,357
2,381
2,942

8,834
8,911
9,231
10,341

25,908
25,991
26,220
26,634

2,850
2,897
2,904
2,955

2,352
3,003
2,977
2,834

539
588
580
595

9,282
9,526
9,493
8,952

2,059
2,189
2,202
2,267

13
13
13
12

,303
,296
,202
,246

65,580
67,020
67,619
70,942

June

7
14
21
28

41,048
41,917
42,424
42,460

3,549
3,623
3,907
3,821

10,755
11,098
11,093
11,135

26,744
27,196
27,424
27,504

2,931
2,963
2,881
2,878

2,695
3,191
2,751
2,637

548
586
561
556

8,826
8,719
8,686
8,761

2,373
2,425
2,287
2,280

14
15
14
20

,260
,291
,273
,292

71,978
73,438
72,876
72,611

July

5
12
19
26

42,488
42,289
42,229
41,875
41,675

3,881
3,725
3,658
3,324
3,077

11,057
11 , 004
10,990
11,009
Ut057

27,550
27,560
27,581
27,542
27,541

2,942
2,939
2,946
2,945
2,960

2,551
2,331
2,652
2,491
2,429

532
535
526
545
574

8,764
8,750
8,817
8,883
9,031

2,177
2,186
2,239
2,132
2,096

20
21
21
20
20

,308
,312
,313
,293
,326

72,269
71,659
71,951
71,270
71,176

Aug.

2
9
16
23
30

41,446
41,113
40,860
40,724

2,914
2,644
2,491
2,473

11,001
10,962
10,815
10,757

27,531
27,507
27,554
27,494

2,957
2,962
2,960
2,969

2,497
2,912
2,731
2,704

531
574
558
582

9,072
9,263
9,160
9,077

2,074
2,169
2,127
2,120

20
14
13
13

1,326
1,342
1,214
1,217

71,013
71,315
70,569
70,386

Sept.

6
13
20
27

40,506
40,130
40,197
40,092

2,368
2,127
2,269
2,202

10,641
10,536
10,435
10,370

27,497
27,467
27,493
27,520

2,931
2,910
2,902
2,889

2,585
2,887
2,841
2,693

547
572
581
586

9,115
9,344
9,412
9,565

2,112
2,082
2,196
2,101

13
14
14
14

1,221
1,224
1,219
1,227

70,029
70,210
70,342
70,274

Oct.

4
11
18
25

39,656
39,467
39,883
39,929
40 , 544

,774
,670
,923
,627
,768

10,247
10,163
10,102
10,274
10,392

27,635
27,634
27,858
28,028
28,384

2,887
2,864
2,877
2,863
2,884

3,242
2,941
3,458
3,188
3,211

565
585
573
585
642

9,591
9,634
9,906
10,101
10,073

2,105
2,096
2,249
2,190
2,210

11
LI
11
10
10

1,273
1,262
1,282
1,287
1,307

70,701
70,099
71,522
71,583
72,546

Nov.

1
8
15
22
29

43,112
43,598
43,826
43,842

2,145
2,301
2,233
2,428

10,359
10,338
10,281
10,110

30,608
30,959
31,312
31,304

2,888
2,897
2,910
2,909

2,705
3,241
3,236
3,337

613
661
655
657

9,517
9,448
9,285
9,328

2,262
2,318
2,279
2,295

12
13
12
16

1,291
1,312
1,214
1,232

75,003
76,517
76,562
76,602

Dec.

6
13
20
27

1944

Digitized for FRASER


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

173

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Demand deposits

Total
demand

Total

and

time
deposits

Date

Adjusted

Unadjusted

U.S.
Individuals, Statestand
Government
partnerships,
political
and corps. subdivisions

Interbank
Domestic

Certified
and

Foreign

officers*
checks

1944
Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

59,342
59,366
59,822
60,387

33,732
34,308
34,862
34,814

53,023
53,008
53,444
53,994

33,881
34,516
34,985
34,916

1,734
1,708
1,740
1,849

62,023
62,712
63,659
62,771

31,873
31,702
31,509
31,902

55,625
56,292
57,242
56,335

32,006
31,722
32,214
32,433

1,741
1,657
1,643
1,643

62,850
62,167
63,541
61,617
60,708

32,327
32,778
33,447
32,860
32,660

56,398
55,672
57,044
55,104
54,173

32,609
32,863
34,153
32,970
32,649

60,605
61,280
61,084
60,150

32,872
33,766
34,248
34,524

54,044
54,687
54,463
53,518

59,804
59,736
59,890
59,512
59,634

34,649
34,932
35,362
35,969
36,208

59,506
60,936
61,493
64,904

813
810

818
814

848
711
781
764

11,462
12,431
13,070
12,459

8,817
8,859
8,855
8,291

807
817
803
813

792
806
657
696

1,706
1,661
1,656
1,727
1,782

12,030
11,024
10,422
10,435
10,235

8,441
8,492
8,604
8,294
7,995

824
850
843
842
840

1,366

32,789
34,120
34,438
34,398

1,841
1,799
1,802
1,949

9,635
8,929
8,303
7,737

8,122
8,217
8,208
7,863

846
860
866
875

811
762
846
696

53,135
53,022
53,137
52,734
52,831

34,357
34,784
35,440
35,670
36,184

2,005
1,963
1,947
2,004
2,054

7,196
6,692
6,056
5,472
4,934

7,914
8,054 1
8,165
8,026
8,108

883
887
884
S78
884

780
642
645
684
667

36,879
37,229
36,426
33,008

52,659
54,073
54,631
58,045

36,649
37,569
36,447
33,170

1,962
1,912
2,043
1,765

4,149
4,263
5,486
12,589

8,409
8,713
8,872
8,759

870
865
870
855

620
751
913
907

65,967
67,422
66,800
66,591

32,561
32,481
32,945
33,503

59,093
60,524
59,867
59,628

32,658
33,031
33,303
33,738

1,706
1,660
1,619
1,690

13,917
14,755
14,472
13,989

9,051
9,231
8,825
8,617

869
866
874
882

892
981
774
712

66,284
65,640
65,925
65,211
65,142

33,597
33,565
33,894
34,400
35,097

59,273
58,579
58,822
58,075
57,974

33,650
33,519
34,233
34,449
35,111

1,777
1,750
1,719
1,741
1,756

13,602
13,085
12,601
11,783
11,100

8,654
8,742
8,810
8,540
8,479

869
856
865
861
869

721
627
594
701
659

64,878
65,176
64,336
64,229

35,469
35,895
35,522
35,435

57,673
57,917
57,029
56,883

35,558
36,403
35,757
35,499

1,742
1,737
1,739
1,762

10,189
9,465
9,135
9,221

8,668
8,794
8,785
8,656

850
851
856
867

666
667
757
878

63,911
63,937
64,020
63,837

35,383
35,890
36,614
37,438

56,426
56,374
56,447
56,230

35,450
36,281
36,985
37,567

1,780
1,745
1,752
1,844

8,712
7,746
6,977
6,351

8,887
8,994
9,168
8,884

859
857
847
864

738
751
718
720

64,203
63,546
64,941
64,870
65,686
68,393
70,037
70,104
70,186

37,587
37,627
38,417
39,169
38,539
35,824
35,867
35,104
35,042

56,553
55,862
57,218
57,203
58,025

37,808
37,950
39,188
39,417
38,823

1,954
1,936
1,894
1,992
2,039

5,804
5,217
4,821
4,553
5,757

9,069
9,220
9,665
9,445
9,650

851
857
857
848
868

1,067

60,742
62,369
62,415
62,482

35,965
36,535
35,513
35,675

1,804
1,761
1,701
1,700

H,743
12,780
13,653
13,791

9,603
9,603
9,561
9,433

867
878
861
879

9
16
23
8
15
22
29
12
19
26
10
17
24
31
14
21
28
12
19
26
9
16
23
30
13
20
27
11
18
25

8
15
22
29

13
20
27

Digitized for FRASER


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

6,894 i
6,462 !
6,198 1
6,669

8,853
8,801
8,922 I
8,982

12
19
26

174

788
782

836
672

682
793
948
888
760
812

1,126
1,004

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits
Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

Borrowings

U. S.
Government

Interbank
Domestic

From
F. R.
Banks

Foreign

Other

Other
liabilities

Capital
accounts

Total
liabilities
and

capital
accounts

Date

1944
6,319
6,358
6,378
6,393

6,097
6,134
6,153
6,167

118
119
121
121

54
54
54
55

43
44
43
43

7
7
7
7

49
54
68
55

,320
,347
,374
,364

4,281
4,28-3
4,282
4,295

64,992
65,050
65,546
66,101

Jan.

6,398
6,420
6,417
6,436

6,169
6,185
6,182
6,198

123
126
128
129

58
60
59
60

41
42
41
42

7
7
7
7

64
58
57
51

,341
,333
,348
,348

4,305
4,309
4,308
4,313

67,733
68,412
69,372
68,483

Feb.

6,452
6,495
6,497
6,513
6,535

6,213
6,264
6,265
6,282
6,306

131
126
127
125
123

59
57
57
58
58

42
41
41
41
41

7
7
7
7
7

77
36
80
69
84

1,361
1,391
1,397
1,419
1,419

4,324
4,323
4,325
4,332
4,332

68,612
67,917
69,343
67,437
66,543

Mar.

6,561
6,593
6,621
6,632

6,330
6,357
6,386
6,407

124
129
130
130

59
59
58

7
7
7
7

67
<; 2
103
109

1,393
1,397
1,415
1,446

4,349
4,355
4,358
4,362

66,414
67,084
66,960
66,067

Apr.

48

41
41
40
40

6,669
6,714
6,753
6,778
6,803

6,445
6,491
6,527
6,556
6,575

129
128
131
129
130

48
48
48
48
48

40
40
40
38
38

7
7
7
7
12

75
110
123
2CK)
188

1,433
1,452
1,461
1,464
1,488

4,377
4,384
4,386
4,390
4,403

65,689
65,682
65,860
65,566
65,713

May

6,847
6,863
6,862
6,859

6,623
6,639
6,639
6,643

127
127
126
119

47
47
47
48

38
38
38
37

12
12
12
12

210
15 2
159
65

1,458
,530
,556
,570

4,406
4,402
4,411
4,403

65,580
67,020
67,619
70,942

June

6,874
6,898
6,933
6,963

6,663
6,685
6,720
6,751

117
118
118
119

46
46
46
45

36
37
37
36

12
12
12
12

76
e4
148
79

,515
,528
,511
,519

4,420
4,424
4,417
4,422

71,978
73,438
72,876
72,611

July

7,011
7,061
7,103
7,136
7,168

6,798
6,850
6,890
6,921
6,952

119
117
119
121
122

45
46
46
46
46

37
36
36
36
36

12
12
12
12
12

42
51
A[1
88
53

,506
,526
,535
,522
,532

4,437
4,442
4,444
4,449
4,449

72,269
71,659
71,951
71,270
71,176

Aug.

7,205
7,259
7,307
7,346

6,992
7,043
7,093
7,131

121
123
121
122

46
46
46
46

34
35
35
35

12
12
12
12

96
S1
164
81

,575
,586
,594
,600

4,464
4,462
4,475
4,476

71.013
71,315
70,569
70,386

Sept.

7,485
7,563
7,573
7,607
7,650
7,684
7,723
7,667
7,661

7,273
7,351
7,356
7,394

119
120
121
120

46
46
46
46

35
34
38
35

12
12
12
12

23
157
IS>0
283

,600
,614
,629
,651

4,495
4,502
4,503
4,503

70,029
70,210
70,342
70,274

Oct.

7,436
7,473
7,508
7,454
7,450

120
116
118
117
116

46
46
46
45
45

36
37
39
39
38

12
12
12
12
12

318
32.8
32.0
461
562

,662
,700
,736
,724
,773

4,518
4,525
4,525
4,528
4,525

70,701
70,099
71,522
71,583
72,546

Nov.

7,651
7,668
7,689
7,704

7,444
7,461
7,486
7,501

114
113
113
112

45
45
45
45

36
37
33
34

12
12
12
12

365
217
234
151

,703
,734
,690
,743

4,542
4,529
4,534
4,522

75,003
76,517
76,562
76,602

Dec.

Digitized for FRASER


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

'

175

12
19
26

9
16
23

8
15
22
29

12
19
26

10
17
24
31

14
21
28

12
19
26

9
16
23
30

13
20
27

11
18
25

8
15
22
29

13
20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans

Loa ns a nd
investments

Total

Cnmmereial.
industrial,
and agricultural

)alc

Total

Total
adjusted

Adjustecl

Net

For purchasing or carrying


securities
'1 o
others

To bra*cersand
dealers
Other
securities

U.S.
Govt.
securities

U.S.
Govt.
seeurities

Real
estate

Loa ns
to
banks

All
other

Other ,
securities

1945

Jan.

3
10
17
24
31

59,887
59,560
59,635
59,620
59,247

59,780
59,499
59,543
59,566
59,175

12,523
12,443
12,259
12,133
12,036

12,630
12,504
12,351
12,187
12,108

6,425
6,436
6,425
6,387
6,351

1,245
1,262
1,208
1,143
1,121

Feb.

7
14
21
28

59,007
58,923
58,753
58,501

58,928
58,839
58,682
58,430

11,773
11,810
11,622
1 1 , 563

11,852
11,894
11,693
11,634

6,346
6,369
6,313
6,251

995
1,037
967
964

Mar.

7
14
21
28

53,424
58,155
58,071
57,797

58,342
58,085
58,014
57,734

11,435
11,349
11,227
11,117

11,517
11,419
11,284
11,180

6,198
6,186
6,155
6,088

951
924
889
838

Apr.

4
11
18
25

57,349
57,387
57,291
57,058

57,270
57,321
57,219
56,971

10,913
10,911
10,984
1 1 , 044

10,992
10,977
11,056
11,131

6,044
6,017
5,958
5,938

2
9
16
?3
30

57,176
56,995
57,228
57,482
57,541

57,071
56,910
57,123
57,382
57,424

11,211
11,135
11,253
11,446
11,519

11,316
11,220
11,358
1 1 , 546
11,636

5,904
5,829
5,797
5,790
5,768

June

6
13
20
27

58,254
58,896
63,005
63,537

58,152
58,788
62,914
63,459

11,784
12,016
13,455
13,757

11,886
12,124
13,546
13,835

July

4
11
18
25

64,291
64,235
63,994
63,853

64,223
64,171
63,916
63,763

13,975
13,708
13,457
13,250

Aug.

1
8
15
22
29

63,696
63,052
63,094
62,680
62,546

63,602
62,984
62,994
62,597
62,469

Sept.

5
12
19
26

62,382
61 , 842
61 , 584
61,251

Get.

3
10
17
24
31

Nov.

Dee.

May

724
702
707
751
748

,416
", 329
,202
,140
,093

354
354
354 i
355 .
369

1,054
,056
,053
,051
,049

774
775
730
773

961
943
912
899

353
348
368 ,
346

,049
,050
,047
,044

79 |
84 J
71 ,
;

,285
,286

745 !
736
748
776 j

864
824
770
741

347 i
346
347
343 i

,044
,042
,041
,040

82 ,
70 I!
57
63

, 286
,291
,277
,291

749
812
918
1,044

759
737
776 1
747 j

684
656
640
623

345
34S
353
353

,041
,043
,041
,040

79 j

,291
,298
,298
,299

,084
,132
,237
,446
,505

810 '
794
830
832
840

604
593
587
581
600

384
353
362
364

,047
,045
,044
,046
,049

105
85
105 I
100 |
117

,378
, 389
,396
,389
, 393

5,822
5,860
5,900
5,923

,439
,595
,730
,841

869
870
902
886

814
850
2,046
2,212

390
381
388
395

,044
,045
,047
,052

,406
,415
,442
,448

14,043
13,772
13,535
13,340

5,941
5,928
5.928
5',903

,821
,667
,518
,465

879
877
899
905

2,491
2,304
2.184
2.; 050

398
396
395 f
397^

,048
,051
,052
,051

102 |
108 !
91
78 i
68

13,299
12,907
12,906
12,805
12,764

13,393
12,975
13,006
12,888
12,841

5,926
5,914
5,949
5,948
5,982

,457
,350
,364
,385
,443

964 ,
863
841
827
820

,995
,858
,828
,706
,599

62,248
61,749
61,470
61,200

12,733
12,590
12,650
12,680

12,867
12,683
12,764
12,731

6,055
6,095
6,124
6,113

,418
,328 1
,386
,451

818 i
802
877
90S

,507
,437
,335
,283

421
398
395 '
40B
394

397
396
399 i
398

61,030
60,883
61,075
61,007
60,945

60,954
60,818
60,999
60,935
60,825

12,510
12,428
12,245
12,207
12,390

12.5S6
12,493 '
12,321
!2,279
12,510

6,218
6,271
6,251
6,266
6,328

,366
,269
,190 I
,203
,287

828
872
852
848
890

,155
;067
985
922
890

395 .
396
405
399
416

7
14
21
28

61,034
61,112
62,057
62,381

60,953
61,063
61,979
62,315

12,450
12,653
13,192
13,566

12,531
12,702
13,270
13,632

6,480
6.628
6, 751
6,778

.229
,251
,375
,674

870
855
838
807

878
911
1,167
1,222

5
12
19
26

67,140
68,034
68 , 102
67.733

67,011
67,936
68,006
67,662

15,124
15,HS3
15,856
15,758

15,253
15,951 j
15,952 1
15,829

6,964
7J28
7.241
7,259

,717
,996 !
,893
,917

819
832
901 (
865

2,458
2,697
2,589
2,495

Digitized for FRASER


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

1;

176

362 ;

107
61 "
92 (
54
72 "

71

66 !
72
87,

, 305
, 304
,310
, 306
,305
29 s

,2m

7H i
90

,487
.4^5
,481
,479

,055
,053
,055
,058
,058

94 i
6$
100
8^ (
11 '

481
^471
,474
,473
,468

,059
,058
,06t
,060

,479
,474
,468
,470

,063
,065
,063
,062
,060

134
93
H4 \
51 '
\
76 j
65
76 1
72
120

391
387
410
416

,060
,067
, 070
,073

SI \;
49 l
78
66 j

,542
,554
,581
,596

427 ;
437 ,
442 !
432

,079
,081
,091
,091

64

129 '
98 |
96
11

,485
,488
, 499
, 507
,519

, 660
6^2
1 699
, 699

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
j

Investments

Balances with

U.S. Government securities


Cash
items
Total

Bills

Certificates

Notes
and

Other
securities

bonds

in

process
of collection

Currency
and

coin

Reserves
with
F.R.
Banks

Do-

mestic
banks

Foreign
banks

Other
assets

Total
assets

Date

1945

44,354
44,166
44,393
44,554
44,257

2,864
2,774
2,947
2,926
2,553

10,099
9,985
9,955
10,029
9,971

31,391
31,407
31,491
31,599
31,733

2,903
2,890
2,891
2,879
2,882

3,413
2,917
3,071
3,174
2,924

597
603
582
580
563

9,238
9,325
9,434
9,403
9,302

2,446
2,264
2,292
2,191
2,110

12
12
14
12
13

1,236
1,291
,303
,311
,342

76,829
75,972
76,331
76,291
75,501

Jan.

44,219
44,061
44,105
43,912

2,526
2,446
2,443
2,140

10,159
10,101
10,036
9,994

31,534
31,514
31,626
31,778

2,936
2,968
2,955
2,955

2,761
3,526
3,007
3,173

547
589
565
565

9,358
9,432
9,440
9,560

2,085
2,179
2,136
2,164

13
11
12
12

,329
,350
,343
,392

75,100
76,010
75,256
75,367

Feb.

43,977
43,799
43,773
43,565

2,350
2,238
2,260
2,082

11,555
11,498
11,432
11,312

30,072
30,063
30,081
30,171

2,930
2,937
3,014
3,052

2,740
3,279
2,777
2,757

564
619
594
607

9,551
9,725
9,753
9,543

2,121
2,218
2,159
1,110

11
11
11
11

,344
,345
,259
,269

74,755
75,352
74,624
74,094

Mar.

43,286
43,327
43,143
42,854

,846
,770
,709
,497

11,282
11,221
11,098
10,973

30,158
30,336
30,336
30,384

3,071
3,083
3,092
3,073

2,917
2,904
3,056
2,806

564
572
581
594

9,611
9,823
9,857
9,933

2,119
2,131
2,150
2,121

13
15
13
13

,271
,253
,276
,267

73 , 844
74,085
74,224
73,792

Apr.

42,844
42,748
42,853
42,897
42,842

,530
,339
,399
,218
,195

10,845
10,832
10,767
10,774
10,663

30,469
30,577
30,687
30,905
30,984

3,016
3,027
3,017
3,039
3,063

3,039
2,620
3,187
2,964
3,036

567
566
587
605
600

9,997
10,077
10,254
10,216
10,418

2,138
2,115
2,230
2,123
2,179

15
12
12
12
13

,300
,294
,323
,345
,350

75,232
73,679
74,821
74,747
75,137

May

43,296
43 , 676
46,334
46,543

,368
,418
,946
,889

9,397
9,417
10,470
10,539

32,531
32,841
33,918
34,115

3,072
3,096
3,125
3,159

2,883
3,436
3,630
3,159

580
582
574
585

10,400
10,660
10,142
9,755

2,172
2,345
2,463
2,412

14
15
19
20

,352
,343
,243
,289

75,655
77,277
81,076
80,757

June

47,116
47,338
47,267
47,312

,932
,090
,935
,913

10,664
10,647
10,646
10,603

34,520
34,601
34,686
34,796

3,132
3J25
3,192
3,201

3,218
3,191
3,136
2,929

542
582
567
567

9,732
9,599
9,710
9,796

2,424
2,415
2,338
2,254

21
18
15
14

,333
,328
,340
,333

81,561
81,368
81,100
80,746

July

47,000
46,771
46,770
46,458
46,371

,656
,585
,633
,420
,463

9,833
9,785
9,934
9,939
10,010

2,170
2,191
2,324
2,300
2,229

13
16
15
15
14

,339
,342
,356
,376
,385

80,874
79,452
80,103
79,774
79,458

Aug.

3,333
3,336
3,347
3,380

3,280
2,527
2,835
2,908
2,688
2,743
3,174
3,268
2,961

543
539
545
556
586

,451
,229
,213
,144

34,763
34,724
34,752
34,761
34,712
34,229
34,247
34,040
34,032

3,303
3,306
3,318
3,334
3,334

46,182
45,823
45,473
45,140

10,581
10,462
10,385
10,277
10,196
10,502
10,347
10,220
9,964

540
583
570
590

10,061
10,117
10,265
10,072

2,183
2,226
2,204
2,086

15
15
14
12

,388
,423
,277
,274

79,312
79,380
79,182
78,246

Sept.

45,143
45,108
45,471
45,458
45,142

,310
,284
,553
,303

9,803
9,830
9,864
9,906
9,863

34,030
33,994
34 , 054
34,249
34,310

3,301
3,282
3,283
3,270
3,293

2,880
3,305
3,400
3,082
3,558

539
588
572
576
568

10,191
10,250
10,345
10,413
10,336

2,172
2,187
2,288
2,193
2,209

13
13
14
13
14

,316
,286
,302
,319
,350

78,141
78,512
78,996
78,603
78,980

Oct.

45,263
45,176
45,550
45,501
48,654
48,817
48,827
48,541

,173
,016
,116

34,359
34,419
34,545
34,694

3,253
3,949
3,488
3,540

575
620
590
627

10,289
10,474
10,460
10,741

2,215
2,334
2,241
2,273

14
13
13
13

,372
,359
,378
,392

78,752
79,861
80,227
80,967

2,164
2,031
1,962
1,674

11,193
11,187
11,218
11,186

35,297
35,599
35,647
35,681

3,240
3,234
3,237
3,248
3,233
3,266
3,323
3,363

Nov.

975

9,731
9,741
9,889
9,832

3,750
3,776
3,573
3,338

598
651
654
668

10,485
10,037
10,237
10,133

2,518
2,570
2,525
2,416

15
18
21
16

,439
,425
1,269
1,402

85,945
86,511
86,381
85,706

Dec.

969

Digitized for FRASER


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

177

10
17
24
31

14
21
28

14
21
28

11
18
25

9
16
23
30

13
20
27

11
18
25

8
15
22
29

12
19
26

10
17
24
31

14
21
28

12
19
26

WEEKLY REPORTING BANKS


4.1

ASSETS AND

A. MEMBER BANKS,
(In millions
Demand deposits

Total
demand

._

Total

and

Date

time
deposits

Adjusted

Unadjusted

Individuals, States and


U.S.
partnerships,
political
Government
and corps. subdivisions

Interbank
Domestic

Certified
and

Foreign

officers'
checks

1945
Jan,

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept,

Oct.

Nov.

70,456
69,487
69,824
69,798
68,956

34,667
35,112
35,686
35,987
36,076

62,672
61,660
61,983
61,924
61,051

35,219
35,302
36,170
36,268
36,251

1,735
1,807
1,711
1,772
1,859

13,870
13,130 j
12,755
12,634
12,314

9.843
9i623
9.580
9,226
8,823

879
878
891
903
914

1,121

68,503
69,367
68,572
68,632

36,034
36,282
36,635
37,018

60,540
61,371
60,529
60,537

35,935
36,977
36,830
37,347

1,892
1,896
1,888
1,939

11,950
11,610
11,075
10,523

8,873
9,029
8,883
8,883

922
924
929
940

968
935
924
905

67,980
68,687
67,944
67,405

37,149
37,635
37,585
37,347

59,830
60,509
59,714
59,155

37,168
38,158
37,569
37,198

1,923
1,921
1,986
2,077

9,942
9,481
9,345
9,222

9,065
9,195
9,082
8,902

934
919

798
835

927

829

67,107
67,278
67,355

37,184
38,037
38,603
39,099

58,867
58,978
59,012
58,427

37,091
38,077
38,739
38,902

2,065
2,057
2,080
2 183

8,794
7,976
7,305
6,686

9,045
9,119
9,102
8 875

927
942
946
961

945
807
840
820

67,145
66,602
67,786
67,487
67,717

39,147
39,490
39,900
40,516
40,378

58,745
58,152
59 289
58,977
59,192

38,907
39,044
40,006
40,153
40,190

2,289
2,271
2,239
2,308
2,374

6,484
5,898
5,792
5,343
5,501

9.110
91160
9,408
9,148
9,256

1,002
1,006
1,021

965
984

990
795
842

1.019
'850

68,210
69,903
74,104
73,904

40,683
41,189
37,176
36,367

59,650
61,318
65,512
65,285

40,323
41,404
37,554
36,525

2,268
2,232
,861
,909

5,428
5,499
13,633
14,978

9,629
10,160
10,040
9,763

1,027
1,034
1,033
1,018

1,391
1,092

74,894
74,666
74,302
73,823

35,875
36,308
36,852
37,440

66,258
65,976
65,574
65,050

36,019
36,683
37,178
37,506

,831
,765
,807
,902

16,135
15,488
14,769
14,176

10,013
9,965
9,780
9,453

1,017
1,024
1,037
1,052

73,808
72,444
73,074
72,663
72,307

37,533
37,062
37,444
37,587
38,140

64,972
63,543
64,133
63,637
63,250

37,626
36,989
37,691
37,834
38,115

,904
,829
,812
,959
,864

13,741
13,362
13,005
12,244
11,739

9,366
9,543
9,789
9,840
9,623

,052
,049
,060 :
,058
,060

72,141
72,155
72,037
71,020

38,485
38,671
39,017
38,817

63,040
63,000
62,838
61,793

38,465
39,100
39,209
38,798

,894
,874
,843
,918

10,989
10,150
9,652
9,501

9,760
9,935
9,824
9,446

,063 !
,070
,077
,068

70,980
71,376
71,854
71,349
71,652

38,690
39,082
39,362
39,929
39,592

61,770
62,122
62,555
62,023
62,307

38,577
39,229
39,896
39,862
39,726

,975
,928
,886
,991
2,137

9,406
8,793
8,520
8,036
8,098

9,729
9,860
10,186
9,882
9,945

,065
,082
,087
,094 i
,114

1,158
1,287

71,378
72,370
72,691
73,270
78,523
79,226
79,048
78,225

39,449
39,501
39,805
40,247

62,008
62,994
63,297
63,875

39,518
40,265
40,030
40,230

7,919
7,884
8,521
8,547

10,265
10,581
10,397
10,432

,122 ;
,079
,086
1,109

1,090
1,093
1,184
1,376

37,452
37,381
37,974
37,556

69,146
69,846
69,666
68,805

37,726
37,990
38,160
37,662

2,094
2,092
2,079
2,181
1,984
1,893
1,969
1,981

15,958
16,761
16,149
16,100

10,871
10,812
10,833
10,666

1,115
1,116
1,137
1,145
"

1,492
1,274
1,418
1,251

10
17
24
31
14
21
28
14
21
28
11
18
25

9
16
23
30

13
20
27
11
18
25

8
15
22
29

12
19
26

10
17
24
31

14
21

28

Dec.

12
19
26

Digitized for FRASER


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

178

925

1,126
920
876
890

807

975
989

1,243
1,051
1,003
961

1,283

771
776
702
849

869
871

1,233
1,062
1,018
1,230

980

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Tinie deposits

Total

Individ^ States and


uals, part- political
subdivinerships,
sions
and corps.

Borrowings

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities

Date

and

capital
accounts

1945

7,784
7,827
7,841
7,874
7,905

7,584
7,626
7,639
7,668
7,697

112
111
112
115
117

45
45
46
46
46

32
34
33
34
34

11
11
11
11
11

97
139
164
138
169

,674
,730
,732
,733
,740

4,602
4,616
4,611
4,622
4,636

76,829
75,972
76,331
76,291
75,501

Jan.

7,963
7,996
8,043
8,095

7,750
7,783
7,832
7,883

122
122
123
125

46
45
44
44

34
35
33
32

11
11
11
11

205
224
271
288

,739
,762
,751
,771

4,653
4,657
4,662
4,676

75,100
76,010
75,256
75,367

Feb.

8,150
8,178
8,230
8,250

7,936
7,956
8,011
8,028

125
125
123
125

44
44
44
44

34
42
41
42

11
11
11
11

310
203
206
215

,783
,786
,787
,786

4,682
4,676
4,687
4,688

74,755
75,352
74,624
74,094

Mar.

8,240
8,300
8,343
8,372

8,042
8,098
8,133
8,163

99
105
107
106

44
44
44
44

44
42
48
48

11
11
11
11

237
283
335
452

,796
,804
,813
,816

4,704
4,720
4,721
4,725

73,844
74,085
74,224
73,792

Apr.

8,400
8,450
8,497
8,510
8,525

8,190
8,240
8,285
8,298
8,314

108
107
110
109
109

44
44
44
44
44

47
48
47
48
47

11
11
11
11
11

531
472
429
635
797

,815
,858
,860
,871
,872

4,741
4,747
4,746
4,754
4,751

74,232
73,679
74,821
74,747
75,137

May

8,560
8,585
8,592
8,619

8,345
8,371
8,388
8,415

109
108
109
109

43
43
45
43

47
47
33
36

16
16
17
16

824
72 1
328
202

,853
,898
,883
,889

4,768
4,755
4,761
4,762

75,655
77,277
81,076
80,757

June

8,636
8,690
8,728
8,773

8,434
8,487
8,529
8,574

108
109
108
107

44
47
43
43

34
31
32
32

16
16
16
17

64
78
149
234

,808
,822
,850
,887

4,795
4,802
4,799
4,802

81,561
81,368
81,100
80,746

July

8,836
8,901
8,941
9,026
9,057

8,637
8,701
8,738
8,824
8,853

107
108
110
110
111

42
44
44
44
44

33
32
33
32
32

17
16
16
16
17

381
299
304
345
385

1,864
1,879
1,894
1,924
1,921

4,821
4,830
4,831
4,842
4,845

80,874
79,452
80,103
79,774
79,458

Aug.

9,101
9,155
9,199
9,227

8,899
8,954
8,994
9,023

110
110
113
112

43
42
43
42

32
32
32
33

17
17
17
17

362
399
272
360

1,951
1,972
2,007
1,995

4,858
4,854
4,866
4,871

79,312
79,380
79,182
78,246

Sept.

9,210
9,254
9,299
9,326
9,345

9,008
9,052
9,099
9,128
9,148

no
in

42
42
43
44
44

33
32
32
32
32

17
17
17
17
17

289
262
26 6
339
405

1,978
1,973
1,976
2,004
2,003

4,894
4,901
4,900
4,911
4,920

78,141
78,512
78,996
78,603
78,980

Oct.

108
105
104

9,370
9,376
9,394
9,395

9,173
9,181
9,199
9,194

106
104
104
110

43
43
43
43

31
31
31
31

17
17
17
17

412
515
540
663

2,026
2,038
2,052
2,085

4,936
4,938
4,944
4,949

Nov.

9,377
9,380
9,382
9,420

9,188
9,190
9,195
9,228

102
102
97
99

42
42
43
45

29
30
30
31

16
16
17
17

354
258
328
451

2,101
2,072
2,047
2,076

4,967
4,955
4,958
4,954

78,752
79,861
80,227
80,967
85,945
86,511
86,381
85,706

Digitized for FRASER


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

179

Dec.

10
17
24
31

14
21
28

14
21
28

11
18
25

9
16
23
30

13
20
27

11
18
25

8
15
22
29

12
19
26

10
17
24
31

14
21
28

12
19
26

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
investments
Total

Commercial,
industrial,
and agricultural

Date

For purchasing or carrying


securities
To brokers and
dealers

To
others

Real
estate

Loans
to

banks

All

other

Total
adjusted

Adjusted

67,948
67,838
68,220
68,112
68,211

67,865
67,789
68,176
68,029
68,155

15,807
15,261
15,180
15,138
15,134

15,890
15,310
15,224
15,221
15,190

7,249
7,242
7,296
7.275
7,300

1,910
1,636
1,586
1,636
1,608

881
763
765
732
729

2,531
2,418
2,303
2,252
2,225

427
420
421
429
462

,095
,098
,101
,106
,107 !

68,223
67,943
68,182
68,148

68,117
67,885
68,102
68,093

15,029
15,016
15,101
15,123

15,135
15,074
15,181
15,178

7,342
7,361
7,386
7,382

1,535
1,524
1,558
1,655

715
706
701
690

2,184
2,153
2,128
2,082

429
431
465
438

,110
,118
, 125
,129

106
58
80

,714
,723
,738
,747

67,689
67,749
66,298
65,975

67,628
67,694
66,238
65,907

14,975
15,166
15,351
15,622

15,036
15,221
15,411
15,690

7,458
7,486
7,491
7,464

1,480
1,655
1,824
2,066

674
690
721
757

2,031
2,006
1,959
1,948

440
430

,130
,136
, 140
,152

55
60

61

68

,762
,763
,788
,809

65,247
65,338
65,515
65,340

65,161
65,278
65,434
65,263

15,186
15,164
14,944
14,915

15,272
15,224
15,025
14,992

7,506
7,560
7,509
7,468

1,575
1,586
1,414
1,388

779
719
720
757

1,917
1,875
1,854
1,830

,157
,163
1,170
1,185

86
60
81
77

,835
,839
,852
,860

64,433
64,067
64,071
64,160
63,887

64,342
63,967
64,006
64,069
63,813

14,962
14,811
14,750
14,721
14,830

15,053
14,911
14,815
14,812
14,904

7,473
7,456
7,461
7,467
7,482

1,400
1,349
1,342
1,294
1,370

804
754
715
718
797

1,780
1,747
1,702
1,671
1,663

417
422
425
427
444
435
442
457
450

1,195
1,206
1,214
1,221
1,228

91
100
65
91
74

,866
.864
;874
,893
,840

63,331
62,864
62,505
61,748

63,251
62,748
62,413
61,658

14,662
14,670
14,711
14,827

14,742
14,786
14,803
14,917

7,469
7,507
7,520
7,529

,279
,242
,264
,400

744
733
728
719

1,629
1,610
1,588
1,559

448

1,239
1,251
1,264 ,
1,277

80
116
92

,854
,879
,894
,889

61,049
60,615
60,869
60,547
60,662

60,895
60,504
60,749
60,426
60,473

14,734
14,913
14,641
14,682
14,723

14,888
15,024
14,761
14,803
14,912

7,611
7,717
7,810
7,974
8,018

,199
,315
,031

1,511
1,472
1,431
1,393
1,355

455

1.284
1,296
1,306
K313
1,332

154
lit
120

832
932

754
744
703
785
672

189

,920
,906
.908
;928
,932

59 , 786
59,910
60,030
59,983

59,653
59,733
59,856
59,811

14,744
14,815
14,847
14,906

14,877
14,992
15,021
15,078

8,136
8.295
8!416
8,496

861
840
783
807

667
616
586
564

1,328
1,300
1,269
1,252

452
467

1,338
1,349
1,356
1,367

133
177
174
172

,962
,963
,970
,976

59,096
59,212
59,408
59,074

58,943
59,101
59,312
58,942

15,024
15,075
15,270
15,411

15,177
15,186
15,366
15,543

834
794
851
899

552
534
543
497

1,217
1,138
1,078
1,067

436
428
425
421

1,377
1,386
1,405
1,412

153
111

58,108
58,170
58,317
58,768
58,554

57,981
58,043
58,205
58,645
58,366

15,477
15,492
15,631
15,732
16,093

786
637
638
658
800

467
436
428
412
408

1,037

994
973
940
920

418
407
410
413
423

1,424
1,435
1,445
1,458
1,473

127
127
112
123
188

2,001
2,030
2,043
2,045
2,054
2,075
2,078
2,106
2,122

57,609
57,548
57,736
57,791

57,378
57,337
57,638
57,645

15,350
15,365
15,519
15,609
15,905
16,025
16,310
16,377
16,402

8,607
8,765
8,925
9,070
9,164
9,381
9,547
9,622
9,759

16,256
16,521
16,475
16,548

9,846
10,029
10,156
10,143

835
923
881
913

420
415
387
412

900
908
840
814

409
405
453
419

1,479
1,493
,503
,513

231
211
98
146

2,136
2,137
2,157
2,188

57,583
57,641
56,865
56,173
56,153

57,435
57,453
56,642
55,990
56,086

16,458
16,515
16,671
16,737
16,627

16,606
16,703
16,894
16,920
16,694

10,171
10,287
10,351
10,334
10,251

925
875
753
866
947

422
398
603
579
428

794
767
723
700
682

415
428
430
427
434

,520
,531
,541
,553
,563

148
188
223
183
67

2,211
2,229
2,270
2,278
2,322

Total

Net

U.S.
Govt.
securities

Other
securities

U.S.
Govt.
securities

Other
securities 1

1946
Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

9
16
23
30
13
20
27
13
20
27
10
17
24
8
15
22
29
12
19
26
10
17
24
31
14
21
28
11
18
25

9
16
23
30
13
20
27
11
18
25
31

Digitized for FRASER


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

180

428

426

448
453

454
463
452

457
482
452

444
!

83
49
44

83
56

55

90

121 i

96

132

1,714
1,684
,708
,708
,703

WEEKLY REPORTING BANKS


LIABILITIES-Continued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities

Total

Bills

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
ofcollection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

1946

48,674
49,133
49,629
49,531
49,656

,761
,958
,030
,754
,742

12,130
12,371
12,593
12,716
12,778

34,783
34,804
35,006
35,061
35,136

3,384
3,395
3,367
3,360
3,365

4,188
3,192
3,705
3,266
3,103

610
613
583
568
585

10,217
10,175
10,375
10,236
10,088

2,595
2,448
2,526
2,352
2,238

19
20
19
20
20

,335
,340
,348
,368
,377

86,912
85,626
86,776
85,922
85,622

Jan,

2
9
16
23
30

49,716
49,485
49,586
49,518

,703
,526
,514
,517

12,868
12,788
12,894
12,860

35,145
35,171
35,178
35,141

3,372
3,384
3,415
3,452

3,240
3,885
3,377
3,383

545
604
573
597

10,133
10,110
10,004
9,992

2,231
2,309
2,275
2,268

20
17
1
20
19

,397
,464
,416
,444

85,789
86,336
85,847
85,851

Feb.

6
13
20
27

49,222
49,088
47,458
46,818

1,415
1,268
1,008
785

12,669
12,686
12,272
11,944

35,138
35,134
34,178
34,089

3,431
3,440
3,429
3,467

3,109
3,708
3,348
3,319

551
593
562
569

9,911
10,051
9,8869,871

2,243
2,237
2,110
2,071

23
23
24
26

,438
,444
,328
,338

84,964
85,805
83,556
83,169

Mar.

6
13
20
27

46,538
46, 689
47,050
46,935

1,039
1,243
1,376
1,262

11,345
11,252
11,346
1 1 , 344

34,154
34,194
34,328
34,329

3,437
3,425
3,440
3,413

3,458
3,286
3,772
3,366

536
580
564
591

9,807
9,816
9,868
9,958

2,116
2,157
2,226
2,141

22
24
23
24

,340
,343
,369
,368

82,526
82,544
83,337
82,788

Apr.

3
10
17
24

45,993
45,777
45,871
45,965
45,593

1,052
984
1,220
1,262
1,014

10,608
10,461
10,333
10,417
10,359

34,333
34,332
34,318
34,286
34,220

3,387
3,379
3,385
3,383
3,390

3,820
3,092
3,942
3,405
3,525

541
569
558
574
568

10,152
10,123
10,045
9,978
10,118

2,154
2,128
2,254
2,118
2,119

22
26
25
24
24

,419
,420
,431
,422
,440

82,541
81,425
82,326
81,681
81,681

May

1
8
15
22
29

45,222
44,716
44,324
43,437

1,205
824
1,268
758

9,827
9,680
9,705
9,380

34,190
34,212
33,351
33,299

3,367
3,362
3,378
3,394

3,504
3,967
3,888
3,491

580
612
587
600

10,195
10,219
10,208
10,244

2,118
2,195
2,148
2,096

27
27
25
26

,470
,493
,366
,371

81,225
81,377
80,727
79,576

June

5
12
19
26

42,744
42,185
42,643
42,266
42,269

1,026
709
1,121
780
773

9,905
9,687
9,572
9,557
9,605

31,813
31,789
31,950
31,929
31,891

3,417
3,406
3,465
3,478
3,481

3,915
3,647
3,991
3,566
3,640

545
619
594
590
580

10,111
10,141
10,177
10,145
10,221

2,164
2,143
2,241
2,132
2,175

30
31
38
51
51

,387
,368
,422
,413
,455

79,201
78,564
79,332
78,444
78,784

July

3
10
17
24
31

41,454
41,460
41,571
41,463

667
760
862
758

8,908
8,832
8,797
8,762

31,879
31,868
31,912
31,943

3,455
3,458
3,438
3,442

3,181
3,966
3,506
3,300

580
608
581
617

10,280
10,194
10,162
10,087

2,102
2,230
2,134
2,107

50
49
49
48

,434
,456
,461
,477

77,413
78,413
77,923
77,619

Aug.

7
14
21
28

40,492
40,595
40,525
39,990

581
810
805
576

8,011
7,847
7,726
7,441

31,900
31,938
31,994
31,973

3,427
3,431
3,517
3,541

3,415
3,909
3,948
3,519

589
656
617
613

10,201
10,201
10,342
10,169

2,028
2,111
2,213
2,083

49
47
47
46

,460
,494
,356
,345

76,838
77,630
77,931
76,849

Sept.

4
11
18
25

39,088
39,187
39,230
39,619
39,044

6,547
6,621
6,618
6,701
6,729

31,862
31,832
31,755
31,685
31,655

3,543
3,491
3,456
3,417
3,417

3,820
3,359
4,554
3,625
3,636

576
617
591
623
637

10,242
10,146
10,202
9,961
10,161

2,113
2,092
2,241
2,128
2,121

56
55
53
51
52

,352
,366
,374
,371
,390

76,267
75,805
77,332
76,527
76,551

Oct.

2
9
16
23
30

37,967
37,626
37,881
37,859

679
734
857
1,233
660
444
490
779
741

5,918
5,710
5,640
5,641

31,605
31,426
31,462
31,477

3,386
3,401
3,380
3,384

3,989
4,656
4,090
3,943

636
678
641
633

10,127
10,278
10,215
10,215

2,087
2,205
2,129
2,108

48
48
49
49

,389
,384
,394
,404

75,885
76,797
76,254
76,143

Nov.

6
13
20
27

37,623
37,572
36,559
35,837
36,029

671
596
1,010
567
886

5,532
5,497
5,382
5,254
5,202

31,420
31,479
30,167
30,016
29,941

3,354
3,366
3,412
3,416
3,430

3,644
4,212
4,586
3,875
4,734

643
710
710
663
639

10,320
10,457
10,469
10,489
10,111

2,122
2,184
2,226
2,120
2,234

47
47
50
47
50

,420
,449
,324
,343
,340

75,779
76,700
76,230
74,710
75,261

Dec.

4
11
18
25
31

Digitized for FRASER


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

181

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Demand deposits

]
Individuals, States and
U.S.
political
partnerships,
Government
and corps. subdivisions

Certified
and
officers'
checks

Toal
Adjusted

Unadjusted

Interbank
Domestic

Foreign

1946
Jan.

2
9
16
23
30

79,636
78,395
79,539
78,659
78,288

37,066
37,384
37,728
38,037
38,026

70,141
68,843
69,971
69,061
68,674

37,674
37,491
38,257
38,084
37,933

1,949
1,934
1,956
2,024
2,123

16,660
16,100
16,165
16,032
16,227

11,061
10,986
11,213
10,562
10,131

,166
,181
,160
,164
;i87

.631
,151
1,220
. 195
;073

Feb.

6
13
20
27

78,386
78,870
78,426
78,439

37,821
37,542
37,687
37,610

68,738
69, 198
68,718
68,697

37,650
38,170
37,727
37,741

2,138
2,140 ;
2,141
2,160

16,291 1
16,348
16,387 <
16,481 j

10,180
10,212
10,065
10,026

,206
,211
,202
,197

,273
,117
1,196
,092

Mar.

6
13
20
27

77,417
77,963
75,947
75,359

37,387
37,606
37,435
37,116

67,646
68,179
66,158
65,556

37,286
37,950
37,426
36,990

2,142
2,159
2,165
2,243

15,843
15,637
14,459
14,536

10,099
10,008
9,690
9,352

,208 1
,220
,226
,233

,068
,205
,192
,202

Apr.

3
10
17
24

74,723
75,093
75,895
75,303

36,553
37,259
37,748
38,089

64,895
65,244
66,029
65,403

36,320
37,126
37,912
37,959

2,281
2,288
- 2,308
2,308

14.008
13,923
13,637
13,334

9,629
9.531
9,634
9,378

,247
.245
,238
,236

.410
.131
.300
,188

May

1
8
15
22
29

75,119
73,981
74,977
74,289
74,286

38,242
38,251
38,348
38,727
38,945

65,186
64,010
64,980
64,273
64,204

38,041
37,770
38,690
38,581
38,669

2,456
2,398
2,381
2,345
2,433

12,363
11,990
11.922
1^666
11,377

9,505 i:
9,422
9,540
9.24?
^125

,256
,255
,228
,228
,236

, 565
,175
,219
,206
,364

June

5
12
19
26

73,743
73,850
73,168
72,085

39,471
39,505
39,869
39,522

63,628
63,720
63,025
61,912

39,190
39,738
40,034
39,295

2,436
2,372
2,370
2,436

10,071
9,654
8,644
8,660

9.352
9.355
9i 363
8,997

,230
,239
,261
,242

,349
362
J53
,282

July

3
10
17
24
31

71,650
71,012
71,799
70,921
71,162

39,241
39,134
39,247
39,427
39,362

61,463
60,799
61,571
60,679
60,895

39,374
39,250
39,757
39,505
39,508

2,318
2,256
2,212
2,239
2,274

7,665
7,4H
7,449
7,161
7,299

9,403
9,371
9,639
9,287
9,347

,239
,234
,245
,238
,247

,464
,275
,269
,249
,220

Aug.

7
14
21
28

69,780
70,773
70,255
69,994

39,069
39,078
39,170
39,303

59,477
60,456
59,925
59,666

38,867
39,593
39,322
39,273

2,232
2,209
2,206
2,245

6,586
6,622
6,664
6,556 1

9,409
9.537
9,314 i
9,214

,232
,253
,271
,293

,151
,242
,148
,085

Sept.

4
11
18
25

69, 107
69,981
70,313
69,176

39,437
39,619
39,767
39,492

58,778
59,641
59,967
58,797

39,415
40,088
40,279
39,603

2,264
2,209
2,236
2,232

5,354 !
5,408
5,442 ;
5,482

9,285 '
9,395
9,499
9,010

,287
,310
,311
,294 j

,173
.231
;200
,176

Oct.

2
9
16
23
30

68,671
68,085
69,648
68,872
68,841

39,237
39,277
39,267
39,690
39,653

58,277
57,673
59,230
58,456
58,427

39,418
39,314
40,522
40,029
39,851

2,370
2,229
2,198
2,185
2,308

4,680
4,559
4.588
4|639
4,640

9,258
9,206
9,552
9,216
9,207

,282
,272
,269 ,i
,286 '
,291

,269
,093
,101
,101
,130

Nov.

6
13
20
27

68,012
68,920
68,507
68,418

39,530
39,501
39,840
40,135

57,580
58,488
58,049
57,988

40,032
40,661
40,460
40,638

2,309
2,298

2,244

2,270

3,401 i
3,425
3,459
3,524

9,350
9.614
9,391
9,121

,310 i
,292
,269 I
,265

,178
,19H
,226
J70

4
11
18
25
31

68,045
68,913
68,373
66,897
67,713

39,999
40,322
41,010
40,536
39,981

57,606
58,474
57,930
56,436
57,177

40,178
40,957
41,840
40,977
40,922

2,248
2,243
2,275
2,238
2,269

3,311
3,375
1,484
1,554
1,795

9,406 !
9,337 1
9,582 i!
9,219

,246
,228
,268
,252
,252

,217
,334
,481
,196
,524

Dec.

Digitized for FRASER


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

182

9,415 :

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits
Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

Borrowings

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and

capital
accounts

Date

1946

9,495
9,552
9,568
9,598
9,614

9,304
9,360
9,376
9,402
9,416

99
101
101
105
106

44
44
44
43
44

31
30
30
31
31

17
17
17
17
17

232
161
It>2
187
259

2,051
2,074
2,080
2,079
2,080

4,993
4,996
4,995
4,997
4,995

86,912
85,626
86,776
85,922
85,622

Jan.

9,648
9,672
9,708
9,742

9,442
9,464
9,496
9,526

115
117
120
123

44
44
46
46

29
29
29
30

18
18
17
17

290
3f>0
297
275

2,088
2,087
2.088
2,102

5,025
5,029
5,036
5,035

85,789
86,336
85,847
85,851

Feb.

9,771
9,784
9,789
9,803

9,554
9,563
9,569
9,577

123
126
126
127

46
47
47
47

30
30
29
29

18
18
18
23

361
62 6
42 9
614

2,131
2,160
2,119
2,131

5,055
5,056
5,061
5,065

84,964
85,805
83,556
83,169

Mar.

9,828
9,849
9,866
9,900

9,597
9,622
9,638
9,670

131
128
130
130

48
47
47
49

30
30
30
29

22
22
21
22

628
268
2e 1
282

2,091
2,090
2,088
2,100

5,084
5,093
5,093
5,103

82,526
82,544
83,337
82,788

Apr.

9,933
9,971
9,997
10,016
10,082

9,704
9,740
9,765
9,785
9,851

129
131
130
129
128

48
48
49
50
51

28
28
29
28
28

24
24
24
24
24

198
181
17
122
118

2,105
2,137
2,148
2,142
2,156

5,119
5,126
5,124
5,128
5,121

82,541
81,425
82,326
81,681
81,681

May

10,115
10,130
10,143
10,173

9,882
9,901
9,915
9,943

129
125
121
120

51
52
54
56

29
27
27
28

24
25
26
26

173
176
184
126

2,164
2,209
2,238
2,230

5,145
5,142
5,137
5,135

81,225
81,377
80,727
79,576

June

10,187
10,213
10,228
10,242
10,267

9,958
9,969
9,980
9,994
10,020

121
134
139
139
139

54
55
55
55
55

27
28
27
27
27

27
27
27
27
26

233
204
172
168
253

2,156
2,181
2,199
2,185
2,189

5,162
5,167
5,162
5,170
5,180

79,201
78,564
79,332
78,444
78,784

July

10,303
10,317
10,330
10,328

10,051
10,064
10,075
10,075

141
143
145
145

56
56
58
60

28
27
27
28

27
27
25
20

232
237
230
183

2,211
2,209
2,245
2,245

5,190
5,194
5,193
5,197

77,413
78,413
77,923
77,619

Aug.

10,329
10,340
10,346
10,379

10,075
10,084
10,092
10,120

147
149
150
152

59
59
56
58

28
28
28
27

20
20
20
22

288
162
162
215

2,232
2,278
2,238
2,250

5,211
5,209
5,218
5,208

76,838
77,630
77,931
76,849

Sept,

10,394
10,412
10,418
10,416
10,414

10,533
10,156
10,161
10,162
10,159

153
148
149
146
145

58
59
58
59
60

28
27
28
27
28

22
22
22
22
22

145
20 9
17 9
14 9
194

2,225
2,277
2,278
2,272
2,286

5,226
5,234
5,227
5,234
5,230

76,267
75,805
77,332
76,527
76,551

Oct.

10,432
10,432
10,458
10,430

10,180
10,178
10,185
10,158

144
145
163
162

60
59
60
60

26
27
27
27

22
23
23
23

334
32 9
19 4
156

2,283
2,299
2,302
2,320

5,256
5,249
5,251
5,249

75,885
76,797
76,254
76,143

Nov.

10,439
10,439
10,443
10,461
10,536

10,169
10,169
10,171
10,192
10,256

162
161
164
161
165

60
61
60
61
69

27
27
27
27
27

21
21
21
20
19

181
219
299
283
6

2,296
2,320
2,305
2,286
2,287

5,257
5,248
5,253
5,243
5,255

75,779
76,700
76,230
74,710
75,261

Dec.

Digitized for FRASER


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

183

9
16
23
30

13
20
27

13
20
27

10
17
24

8
15
22
29

12
19
26

10
17
24
31

14
21
28

11
18
25

9
16
23
30

13
20
27

11
18
25
31

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

For purchasing or carrying


securities

Total

5
I
1

ffttn-

Date
Total

Total
adjusted

Adjusted

Net

mercial.
industrial,
and agricultural

To brokers and
dealers

To
others
I

U.S.
Govt.
securities

Other
securities

Memo :
vali.Kitioii
reserves

Real

Loans

ptatf*

banks

U.S. j Other ii
Govt,
securisecuri- i ties
ties

AH
other

1947
;

Jan.

8
15
22
29

63,986
64,442
64.430
64; 167

63,872
64,331
64,300
63,952

19,049
19,107
19,134
19,351

19,163
19,218
19,264
19,566

11,315
11,437
1 1 , 542
1 1 , 599

813
727
671
818

440
426
418
417

695
681 i
655
625

509
513
506
514 i

2,507
2,529
2,550
2,563

114
111
130
215

2,770
2,794
2,792
2,815

Feb.

5
12
19
26

63 , 880
63,549
63,372
63,309

63,694
63,448
63,246
63,139

19,209
19,479
19,512
19,589

19,395
19,580
19,638
19,759

1 1 , 673
1 1 , 780
11,757
11,820

595
728
739
789

411
401
453
402

626
520
616
616

506
509
508
496

2,578
2,594
2,613
2,631

186
101
126
170

2,820
2,84?
2,826
2,835

Mar.

5
12
19
26

63,687
63 , 875
63,873
63,461

63,536
63,728
63,753
63,281

19.376
19; 567
19,566
19,671

19,527
19,714
19,686
19,851

11,910
12,119
12,208
12,192

447
423
343
394

432
430
393
432

592
574
564
561

498
496
496
496

2,657
2,673
2,698
2,721

151
147
120
180

2,840
2,852
2,864
2,875

Apr.

2 62,979
9 ! 63.111
16 63,474
23 63,420
30 63,438

62,800
62,931
63,363
63,300
63,254

19,841
19,792
19; 697
19,537
19,680

20,020
19,972
19,808
19,657
19,864

12,271
12,269
12,172
12,057
12,043

433
438
411
333
414

441
402
402
406
419

566
654
542
543
542

497
490
492
492
509

2,739 :
2,767
2,783
2 ,806
2,831

179
180
111
120
184

2,g94
2,880 i .... ...
2,895 ...... ,
2,900
2,922 , .

May

7
14
21
2B

63,247
63,137
63,053
63,239

62,990
62,977
62,937
63,048

19,666
19,754
19,701
19,824

19,923
19,914
19,817
20,015

11,953
11 ',960
11,857
1 1 , 792

446
544
597
773

484
438
399
396

538
532
524
527

486
483
498
482

2,845
2.868
2,895
2,897

257
160
116
191

2,914
2,929
2,931
2,957

.... . . ...
.,........
., . . . ,
,_.....,

June

4
11
18
25

62,909
62,970
63,406
63,285

62,672
62,861
63,276
63,134

20,048
19,971
19,942
20,079

20,285
20,080
20,072
20,230

11,752
11,763
11,754
1 1 , 757

829
760
713
784

576
507
526
514

528
525
503
498

477
485
485
480

2,904
2,930
2,949
2,967

237
109
103
151

2,982
3,001
3,012
3,079

...,.. ,
,
. . . . . . ...
... ... ......

July

2
9
16
23
30

63,371
63,227
63,416
63,513
63,479

63,213
63,096
63,294
63,360
63,244

20,119
19,911
20,019
20,041
20,273

20,277
20,042
20,141
20,194
20,508

1 1 , 875
1 1 , 857
11,914
1 1 , 949
12,033

742
605
501
519
573

524
457
585
530
522

515
511
513
509
522

472
467
464
463
502

2,993 l!
3',017
3,038 ;
3,065
3,091 i

158
131
122
153
235

3,121
3,120
3,127
3,129
3,153

123
123
123
123
123

Aug.

6
13
20
27

63,629
63,513
63,646
63,730

63,360
63,272
63,395
63,524

20,393
20,456
20,641
20,894

20,662
20,697
20,892
21,100

12,158
12,304
12,367
12,472

616
531
604
735

499
468
465
451

509
509
496
502

472
468 !
483 i
475

3.110
3; 126
3.149
3,168

i
269
i|
241
i
251
| 206

3,152
3,173
3,200
3,214

123
123
123
123

Sept.

3
10
17
24

63,799
64,292
64,714
64,566

63,584
64,081
64,520
64,291

20,997
21,108
21,189
21,294

21,212
21,319
21,383
21,569

12,584
12,783
12,924
13,002

714
605
475
498

452
442
449
435

502
504
499
497

474
477
477
477

3,183
3,201
3,220
3,238

215
211
194
275

3,211
3,219
3,268
3,271

123
123
123
124

Oct.

1
8
15
22
29

64,796
64,719
64,620
65,029
65,034

64,550
64,434
64,392
64,875
64,847

21,810
21,783
22,030
21,994
22,385

22,056
22,068
22,258
22,148
22,572

13,183
13,269
13,499
13,662
13,885

667
554 S
498 1
344
406

567
536
568
493
564

497
499
495
491
480

479

487
489
487
497

3,256
3,270
3,291
3,307
3,328

246
285
228
154
187

3,285 '
3,292
3,314
3,334
3,350

124
124
124
124
125

Nov.

5
12
19
26

64,910
64| 937
64,924
65,042

64,664
64,755
64,744
64,807

22,448
22,698
22,694
22,864

22,694
22,880
22,874
23,099

14,039
14,220
14;282
14,346

399 ;
444
374
458 !

462
463
432
472

474
458
439
433

487
487
516
488

3,343
3,359
3,379
3,392 j

246
182
180
235

3,369
3 , 392
3,397
3,402

125
125
125
127

3
10
17
24
31

65,027
65,140
65,385
65,305
64,815

64,797
64,849
65,208
65,112
64,709

22,999
23,052
23,341
23,529
23,222

23,229 14,437
23,343 14,540
23,518 14,698
23,722 ! 14,798
23,328 t 14,730

476
428
331
407
292

443
421
646
634
492

434
418
403
404
376

512
510
491
491
515

3,400
3,425
3,441
3,458
3,472

230
291
177
193 1
106
1

3,424
3,437
3,458
3,464
34,92 '
!

127
127
127
127
147

Dec.

Digitized for FRASER


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

184

,i

WEEKLY REPORTING BANKS


LIABILITIES-Continued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities

Total

Bills

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

1947
40,870
41,271
41,215
40,642

754
1,133
917
438

6,307
6,300
6,449
6,345

33,809
33,838
33,849
33,859

3,953
3,953
3,951
3,959

4,043
5,018
4,518
4,110

788
756
747
765

1 1 , 944
1 1 , 885
11,835
11 , 690

2,351
2,570
2,412
2,255

52
50
51
53

953
970
980
1,008

84,117
85,691
84,973
84,048

Jan.

8
15
22
29

40,539
40,023
39,802
39,619

566
341
441
424

6,076
5,765
5,507
5,382

33,897
33,917
33,854
33,813

3,946
3,946
3,932
3,931

3,776
4,292
4,518
4,411

694
730
733
740

11,684
11,601
11,411
11,460

2,213
2,230
2,290
2,253

49
47
47
47

,017
,022
,032
,044

83,313
83,471
83,403
83,264

Feb.

5
12
19
26

40,159
40,138
40,141
39,480

1,019
872
1,311
793

5,318
5,437
5,641
5,503

33,822
33,829
33,189
33,184

4,001
4,023
4,046
4,130

4,170
4,612
4,431
4,026

702
771
751
749

11,440
11,434
11,492
11,362

2,334
2,462
2,425
2,208

43
45
47
49

,067
,068
931
953

83,443
84,267
83,950
82,808

Mar.

5
12
19
26

38,850
39,034
39,556
39,650
39,465

692
819
1,181
1,003
753

5,036
5,066
5,151
5,304
5,402

33,122
33,149
33,224
33,343
33,310

4,109
4,105
4,110
4,113
4,109

4,252
4,002
4,881
4,004
4,390

706
770
725
749
727

11,167
1 1 , 545
11,563
1 ! , 489
11,512

2,285
2,310
2,453
2,259
2,321

50
43
40
43
41

967
965
966
988
1,038

82,406
82,746
84,102
82,952
83,467

Apr.

2
9
16
23
30

39,273
39,197
39,226
39,220

607
579
697
827

5,367
5,275
5,211
5,135

33,299
33,343
33,318
33,258

4,051
4,026
4,010
4,004

3,966
4,872
4,178
4,202

740
778
746
788

11,531
11 , 574
11,623
11,394

2,256
2,403
2,285
2,219

44
39
43
50

1,042
1,042
1,017
1,031

82,826
83,845
82,945
82,923

May

7
14
21
28

38,536
38,817
39,246
38,943

471
819
1,151
832

4,776
4,692
4,799
4,782

33,289
33,306
33,296
33,329

4,088
4,073
4,088
4,112

4,194
4,558
4,702
4,321

736
784
767
771

11,598
1 1 , 629
1 1 , 768
1 1 , 728

2,225
2,290
2,418
2,228

53
36
41
42

1,051
1,045
911
912

82,766
83,312
84,013
83,287

June

4
11
18
25

38,990
39,099
39,145
39,154
38,739

989
1,100
1,072
951
638

4,648
4,570
4,551
4,672
4,535

33,353
33,429
33,522
33,531
33,566

4,104
4,086
4,130
4,165
4,232

4,826
4,278
4,972
4,144
4,237

730
783
756
763
777

11,627
11,755
11,853
1 1 , 808
11,915

2,325
2,305
2,408
2,268
2,234

34
30
30
32
32

928
936
960
962
990

83,841
83,314
84,395
83,490
83,664

July

2
9
16
23
30

38,735
38,588
38,527
38,395

726
649
608
611

4,384
4,325
4,305
4,162

33,625
33,614
33,614
33,622

4,232
4,228
4,227
4,235

3,864
4,590
4,344
4,148

721
774
735
783

11,921
11,924
11,945
12,020

2,255
2,363
2,298
2,264

32
30
24
25

1,009
1,027
1,035
1,041

83,431
84,221
84,027
84,011

Aug.

6
13
20
27

38,354
38,699
39,022
38,680

582
812
1,077
694

4,138
4,095
4,146
4,154

33,634
33,792
33,799
33,832

4,233
4,274
4,309
4,317

4,483
4,668
5,022
4,357

784
854
791
808

12,176
12,266
12,348
12,236

2,257
2,394
2,512
2,318

23
28
25
24

1,083
1,105
958
952

84,605
85,607
86,370
85,261

Sept.

3
10
17
24

38,400
38,373
38,103
38,632
38,192

519
545
629
938
769

4,025
3,993
3,997
4,125
4,032

33,856
33,835
33,477
33,569
33,391

4,340
4,278
4,259
4,249
4,270

5,035
4,394
6,489
4,827
4,743

743
790
800
800
816

12,383
12,477
12,571
12,421
12,309

2,370
2,439
2,672
2,429
2,352

25
24
24
24
23

987
991
999
1,011
1,018

86,339
85,834
88,175
86,541
86,295

Oct.

1
8
15
22
29

37,982
37,834
37,829
37,724

111
807
1,041
1,021

3,924
3,763
3,765
3,793

33,341
33,264
33,023
32,910

4,234
4,223
4,221
4,219

4,892
5,993
5,285
5,264

774
872
817
800

12,429
12,180
12,417
12,458

2,402
2,483
2,461
2,326

24
23
22
25

,045
1,059
1,065
1,079

86,476
87,547
86,991
86,994

Nov.

5
12
19
26

37,560
37,564
37,653
37,366
37,227

948
1,110
1,367
1,299
1,530

3,29!
3,272
3,289
3,263
3,338

33,321
33,182
32,997
32,804
32,359

4,238
4,233
4,214
4,217
4,260

5,078
4,906
5,991
5,212
6,331

818
882
896
815
826

12,413
12,489
12,857
12,700
13,138

2,334
2,363
2,533
2,387
2,694

25
24
26
21
25

1,111
1,123
995
983
1,006

86,806
86,927
88,683
87,423
88,835

Dec.

3
10
17
24
31

Digitized for FRASER


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

185

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Demand deposits
Total
demand

and

time
deposits

Date

Individuals, Statestand
U.S.
political
partnerships,
Go vcrnmen t
and corps. subdivisions

Total
Adjusted

Unadjusted

Interbank

Certified

:md

Foreign

Domestic

officers'
checks

1947
Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

8
15
22
29

77,516
79,145
78,374
77,282

46,564
46,830
46,787
46,552

63,352
65,005
64,228
63,135

46,362
47,425
46,763
46,106

2,800
2,861
2,863
2,948

1,516
1,586
1,674
1,819

9,891
10,233
9,892
9,310 !

1,338
1,338
1,357
1,344

1,445
1,562
1,679
1,608

76,581
76,703
76,687
76,442

45,975
45,586
45,212
45,124

62,404
62,507 5
62,449
62,163

45,430
45,500
45,381
45,199

2,948
2,978
2,888
2,937

1,965
2,026
2,045
2,135

9,343
9,264
9,313
9,154

1,345
1,339
1,361
1,339

1,373
1,400
1,461
1,399

76,739
77,579
77,261
76,018

45,002
45,234
45,499
45,288

62,366
63,222
62,924
61,689

44,797
45,625
45,596
44,951

2,951
2,885
2,939
3,069

2,277
2,357
2,020
2,092

9,581
9,661
9,625
8,943

1,336
1,358
1,349
1,340

1,424
1,336
1,395
1,294

75,490
75,990
77,465
76,284
76,716

44,482
45,011
45,537
45,960
46,150

61,139
61,596
63,090
61,884
62,319

44,210
44,683 I
46,000 |
45,485
45,798

3,075
3,029
3,022
3,111
3,350

,817
,870
,890
,625
,476

9,227
9,369
9,428
8,933
8,944

1,361
1,344
1,354
1,362
1,359

1,449
1,301
1,396
1,368
1,392

76,017
77,100
76,248
76,172

45,731
45,760
46,061
46,314

61,591
62,665
61,788
61,712

44,990
46,012
45,700
45,807

3,240
3,222
3,261
3,268

,372
438
^333
1,119

9,114
9,200
8,846
8,736

1,408
1,395
1,370
1,341

1,467
1 , 398
1,278
1,441

75,894
76,505
77,228
76,488

46,627
46,779
47,035
46,989

61,429
62,030
62,745
61,997

46,008
46,596
47,103
46,521

3,365
3,237
3,231
3,285

350
434
472
544

8,910
8,940
9,209
8,768

1,348
1,319
1,327
1,375

77,089
76,537
77,665
76,729
76,820

46,626
46,525
46,963
47,187
47,145

62,580
62,030
63,156
62,218
62,306

46,443
46,351
47,459
46,899
46,816

3,191
3,061
3,040
3,079
3,109

596
656
491
539
648

9,182
9,228
9,376
9,009
8,968

1,350
1,343
1,354
1,339
1,308

1,818
1,391
1,436
1,353
1,457

76,543
77,277
77,144
77,192

46,809
46,574
46,780
47,105

62,022
62,756
62,602
62,658

46,219
46,879
46,683
46,747

3,128
3,051
3,043
3,162

748
791
825
868

9,271
9,441
9,261
9,123

1,330
1,360
1,392
1,414

1,326
1,234
1,398
1,344

77,730
78,719
79,485
78,280

46,954
47,350
47,498
47,303

63,175
64,127
64,891
63,676

46,884
47,514
48,174
47,266

3,124
3,069
2,996
3,036

940
950
889
945

9,364
9,728
10,047
9,647

1,434
1,431
1,435
1,424

1,429
1,435
1,350
1,358

79,391
78,880
81,224
79,713
79,184

47,056
46,767
46,927
47,467
47,771

64,792
64,264
66,602
65,095
64,561

47,330
46,838
48,892
47,974
47,988

3,076
2,925
2,954
2,908
3,027

1,561
1,652
1,344
1,372

969

9,728
10,034
10,437
10,029
9,664

1,412
1,417
1,405
1,400
1,414

1,685
1,398
1,570
1,412
1,499

79,445
80,362
80,005
79,737

47,452
47,275
47,622
47,982

64,835
65,749
65,410
65,198

47,766
48,696
48 , 449
48,460

3,129
3,060
3,028
3,141

1,095
1,105
1,036
1,048

10,005
10,002
10,090
9,526

1,391
1,374
1,377
1,378

1,449
1,512
1,430
1,645

79,663
79,757
81,704
80,321
82,061

48,247
48,570
49,160
48,876
48,685

65,146
65,240
67, 190
65,781
67,413

48,379
48,966
50,216
49,446
49,809

3,146
3,106
3,122
3,119
3,246

741
717
461
544
793

9,702
9,673
10, 190
9,792
10,251

1,378
1,374
1,388
1,357
1,353

1,800
1,404
1,813
1,523
1,961

12
19
26
12
19
26
9
16
23
30
14
21
28
11
18
25

9
16
23
30
13
20
27

10
17
24
8
15
22
29
12
19
26
10
17
24
31

Digitized for FRASER


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

186

1,448
1,504
1,403
1,504

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits
Total

Individ- States and


uals, part- political
subdivinerships,
and corps.
sions

Borrowings

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1947

14,164
14,140
14,146
14,147

13,770
13,759
13,776
13,775

258
245
234
237

84
84
84
84

52
52
52
51

132
103
129
290

844
837
847
844

5,625
5,606
5,623
5,632

84,117
85,691
84,973
84,048

Jan.

8
15
22
29

14,177
14,196
14,238
14,279

13,794
13,809
13,849
13,887

248
250
254
254

85
84
84
85

50
53
51
53

254
277
221
318

830
838
846
853

5,648
5,653
5,649
5,651

83,313
83,471
83,403
83,264

Feb.

5
12
19
26

14,373
14,357
14,337
14,329

13,958
13,943
13,923
13,914

279
280
278
282

85
83
84
84

51
51
52
49

168
151
182
245

871
872
845
875

5,665
5,665
5,662
5,670

83,443
84,267
83,950
82,808

Mar.

5
12
19
26

14,351
14,394
14,375
14,400
14,397

13,936
13,952
13,929
13,958
13,955

285
311
316
313
312

82
83
82
81
82

48
48
48
48
48

373
207
89
115
172

859
862
870
864
863

5,684
5,687
5,678
5,689
5,716

82,406
82,746
84,102
82,952
83,467

Apr.

2
9
16
23
30

14,426
14,435
14,460
14,460

13,977
13,984
14,004
14,005

320
323
327
324

82
81
81
82

47
47
48
49

232
165
168

853
866
874
862

5,724
5,714
5,713
5,721

82,826
83,845
82,945
82,923

May

no

7
14
21
28

14,465
14,475
14,483
14,491

14,014
14,024
14,025
14,039

322
322
329
325

81
81
81
79

48
48
48
48

257
148
137
139

881
932
919
930

5,734
5,727
5,729
5,730

82,766
83,312
84,013
83,287

June

4
11
18
25

14,509
14,507
14,509
14,511
14,514

14,055
14,057
14,057
14,061
14,061

328
326
327
324
329

77
77
79
80
80

49
47
46
46
44

140
132
95
133
192

873
902
901
889
907

5,739
5,743
5,734
5,739
5,745

83,841
83,314
84,395
83,490
83,664

July

2
9
16
23
30

14,521
14,521
14,542
14,534

14,072
14,074
14,094
14,081

332
330
330
335

79
80
80
80

38
37
38
38

235
271
225
156

888
906
896
892

5,765
5,767
5,762
5,771

83,431
84,221
84,027
84,011

14,555
14,592
14,594
14,604

14,104
14,138
14, 142
14,153

334
336
332
329

82
84
84
84

35
34
36
38

179
188
189
257

911
921
914
938

5,785
5,779
5,782
5,786

84,605
85,607
86,370
85,261

Sept.

3
10
17
24

14,599
14,616
14,622
14,618
14,623

14,151
14,166
14,174
14,169
14,175

328
328
327
327
327

82
84
83
83
82

38
38
38
39
39

239
234
216
98
368

905
908
927
923
923

5,804
5,812
5,808
5,807
5,820

86,339
85,834
88,175
86,541
86,295

Oct.

1
8
15
22
29

14,610
14,613
14,595
14,539

14,169
14,162
14, 147
14,096

324
332
329
323

79
81
81
81

38
38
38
39

277
426
201
447

911
913
954
985

5,843
5,846
5,831
5,825

86,476
87,547
86,991
86,994

Nov.

5
12
19
26

14,517
14,517
14,514
14,540
14,648

14,069
14,061
14,055
14,090
14,192

328
335
341
333
338

81
80
80
79
79

39
41
38
38
39

303
345
156
298
37

998
993
993
979
911

5,842
5,832
5,830
5,825
5,826

86,806
86,927
88,683
87,423
88,835

Dec.

3
10
17
24
31

Digitized for FRASER


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

187

iS

20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

Total

Date
Total

Total
adjusted

Adjusted

Net

Commercial,
industrial,
and agricultural

For purchasing or carrying


securities
To brokers and
dealers

U.S.
Govt.
securities

Other
securities

To
others

Real
estate

Loans
to
banks

Other
U.S.
securiGovt.
securities
ties 1

All
other

Memo :
valnation
reserves

1948
Jan.

7
14
21
28

65,142
65,088
65,530
64,953

64,998
64,941
65,348
64,773

23,085
23,096
23,212
23,214

23,229
23,243
23,394
23,394

14,718
14,770
14,842
14,808

245
181
221
230

442
426
416
444

353
337
330
312

502
506
504
500

3,485
3,506
3,521
3,529

144
147
182
180

3,400
3,520
3,528
3,541

150
150
150
150

Feb.

4
11
18
25

64,874
64,410
64,277
64,057

64,603
64,244
64,028
63,804

23,081
23,258
23,204
23,357

23,352
23,424
23,453
23,610

14,725
14,773
14,700
14,672

229
351
399
532

392
392
370
402

306
307
299
294

491
489
485
480

3,538
3,555
3,563
3,578

271
166
249 ;
253

3,550
3,541
3,538 :
3,549

150
150
150
150

Mar.

3
10
17
24
31

63,494
64,128
63,756
63,232
62,220

63,261
63,863
63,566
62,978
62,005

23,206
23,389
23,202
23,167
23,237

23,439
23,654
23,392
23,421
23,452

14,621
14,673
14,665
14,571
14,510

476
436
349
431
494

355
524
411
375
411

285
281
276
279 1
286

480
487
480
476
476

3,582 '
3,596 )
3,611
3,623
3,628

233
265
190
254
215

3,557
3,542
3,566 1
3,568
3,595

ISO
150
156
156
163

Apr.

7
14
21
28

62,870
62,855
63,454
62,940

62,631
62,664
63,074
62,750

23,095
23,078
23,100
22,970

23,334
23,269
23,480
23,160

14,430
14,426
14,298
14,253

403
379
423
387

428
407
482
422

281
272
274
280

477
476
490
470

3,640
3,656
3,669
3,682

239
191
380
190

3,599
3,625
3,627
3,641

163
163
163
165

May

5
12
19
26

63,132
63,174
63,456
63,070

62,935
62,942
63,222
62,826

23,049
23,215
23,122
23,390

23,246
23,447
23,356
23,634

14,299
14,349
14,302
14,300

422
480
422
682

404
417
388
394

277
279
280
281

475
475
485
485

3,707
3,730
3,745
3,758

197
232
234
244

3,630
3,650
3,665
3,656

165
165
165
166

June

2
9
16
23
30

62,936
63,426
63,085
62,872
62,646

62,717
63,224
62,863
62,624
62,495

23,302
23,362
23,393
23,540
23,589

23,521
23,564
23,615
23,788
23,740

14,207
14,246
14,339
14,355
14,345

644
505
482
590
678

414
534
469
440
474

279
278
282
276
275

495
504
484
503
505

3,768
3,784
3,801
3,811
3,825

219
202
222
248
151

3,661
3,677
3,702
3,734
3,729

166
166
166
169
242

July

7
14
21
28

62,606
62,857
63,175
63,083

62,295
62,594
62,847
62,815

23,621
23,638
23,650
23,591

23,932
23,901
23,978
23,859

14,403
14,481
14,502
14,490

672
588
480
448

447
456
545
506

271
273
272
272

501
503
500
506

3,831
3,837
3,843
3,858

311
263
32H
268

3,739
3,742
3,748
3,752

243
242
240
241

Aug.

4
H
18
25

63,168
63,034
63,399
63,241

62,926
62,784
63,053
62,942

23,562
23,783
23,744
23,823

23,804
24,033
24,090
24,122

14,627
14,813
14,872
14,847

271
341
217
336

510
452
464
441

256
250
250
249

503
502
500
493

3,873
3,887
3,894
3,910

242
250
346
299

3,764
3,780
3,789
3,790

242
242
242
243

Sept.

1
8
15
22
29

63,231
63,291
63,718
63,020
61,905

62,992
63,009
63,477
62,774
61,590

23,856
23,941
24,258
24,397
24,584

24,095
24,223
24,499
24,643
24,899

14,887
14,931
15,183
15.201
15,239

336
384
405
525
592

407
379
388
376
451

243
242
234
229
225

494
486
492
486
492

3,920
3,933
3,951
3,957
3,961

239
282
241
246
315

3,813
3,830
3,850
3,867
3,870

244
244
245
244
246

Oct.

6
13
20
27

62,174
62,114
62,296
62,441

61,935
61,943
62,072
62,215

24,292
24,543
24,315
24,409

24,531
24,714
24,539
24,635

15,311
15,458
15,374
15,410

269
309
194
213

410
464
414
439

225
220
216
209

489
487
485
490

3,970
3,989
4,002
4,010

239
171
224
226

3,866
3,865
3,877
3,886

248
249
247
248

Nov.

3
10
17
24

62,232
62,378
62,647
62,462

61,937
62,141
62,419
62,264

24,435
24,626
24,716
25,014

24,730
24,863
24,944
25,212

15,433
15,595
15,581
15,559

223
315
392
624

439
397
410
455

207
200
202
198

488
478
476
506

4,021
4,028
4,035
4,045

295
237
228
198

3,872
3,862
3,869
3,878

248
249
249
251

Dec.

1
8
15
22
29

62,330
62,558
62,870
63,141
62,751

62,112
62,363
62,674
62,947
62,510

24,874
25,007
25,093
25,344
25,318

25,092
25,202
25,289
25,538
25,559

15,542
15,475
15,610
15,632
15,577

507
642
588
807
875

467
495
487
487
456

198
203
197
199
202

475
487
470
470
469

4,044
4,052
4,066
4,070
4,062

218
195
196
194
241

3,893
3,904
3,915
3,920
3,930

252
251
240
241
253

Digitized for FRASER


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

188

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with

U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F,R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

37,642
37,587
37,886
37,323

2,031
2,060
2,354
2,209

3,387
3,327
3,437
3,410

32,224
32,200
32,095
31,704

4,271
4,258
4,250
4,236

4,718
5,463
5,052
4,552

845
842
779
792

12,726
13,051
12,546
12,689

2,566
2,551
2,419
2,243

82
21
23
18

936
1,021
1,040
1,044

87,015
88,037
87,389
86,291

Jan.

7
14
21
28

37,310
36,791
36,634
36,281

2,468
2,214
2,210
2,156

3,408
3,271
3,207
3,115

31,434
31,306
31,217
31,010

4,212
4,195
4,190
4,166

4,137
4,756
5,223
5,076

730
795
771
815

12,435
12,429
12,154
12,296

2,227
2,175
2,298
2,287

21
14
13
13

1,070
1,068
1,080
1,091

85,494
85,647
85,816
85,635

Feb.

4
11
18
25

35,845
36,193
36,061
35,469
34,433

2,048
2,347
2,379
1,930
1,272

3,972
4,028
3,938
3,907
3,745

29,825
29,818
29,744
29,632
29,416

4,210
4,281
4,303
4,342
4,335

4,446
5,012
5,123
4,746
4,941

721
782
757
779
752

12,957
12,736
12,675
12,366
12,146

2,301
2,316
2,442
2,191
2,237

14
15
12
15
16

1,116
1,127
1,030
1,023
1,057

85,049
86,116
85,795
84,352
83,369

Mar.

3
10
17
24
31

35,215
35,260
35,643
35,475

1,853
2,006
2,307
2,219

3,831
3,778
3,851
3,839

29,531
29,476
29,485
29,417

4,321
4,326
4,331
4,305

4,198
5,453
5,058
4,607

753
799
767
799

12,374
12,490
12,350
12,548

2,219
2,354
2,271
2,181

18
17
18
20

1,051
1,060
1,082
1,097

83,483
85,028
85,000
84,192

Apr.

7
14
21
28

35,640
35,499
35,866
35,237

2,448
2,296
2,571
1,945

3,770
3,809
3,882
3,879

29,422
29,394
29,413
29,413

4,246
4,228
4,234
4,199

4,365
5,329
5,082
4,571

743
828
777
805

12,511
12,555
12,034
12,490

2,246
2,286
2,285
2,132

19
21
18
20

1,151
1,156
1,169
1,190

84,167
85,349
84,821
84,278

May

5
12
19
26

35,218
35,667
35,250
34,869
34,666

1,986
2,368
2,124
1,793
1,704

4,880
4,915
4,841
4,765
4,669

28,352
28,384
28,285
28,311
28,293

4,197
4,195
4,220
4,215
4,240

5,124
4,524
5,699
4,865
5,218

764
805
775
803
767

12,636
12,610
13,384
12,897
12,889

2,269
2,334
2,467
2,209
2,378

21
24
21
20
22

1,248
1,266
1,138
1,130
1,164

84,998
84,989
86,569
84,796
85,084

June

2
9
16
23
30

34,431
34,656
34,879
34,870

1,593
1,758
1,997
2,042

4,543
4,500
4,447
4,420

28,295
28,398
28,435
28,408

4,243'
4,300
4,318
4,354

5,078
5,556
4,877
4,468

797
844
792
816

13,054
12,994
12,922
12,988

2,331
2,457
2,234
2,174

21
20
24
22

1,152
1,177
1,165
1,181

85,039
85,905
85,189
84,732

July

7
14
21
28

35,023
34,660
34,904
34,702

2,303
2,081
2,318
2,186

4,290
4,208
4,218
4,182

28,430
28,371
28,368
28,334

4,341
4,341
4,405
4,417

4,272
4,797
4,888
4,354

743
803
771
796

13,013
13,215
12,985
13,073

2,240
2,255
2,270
2,140

49
21
21
22

1,173
1,209
1,206
1,208

84,658
85,334
85,540
84,834

Aug.

4
11
13
25

34,714
34,652
34,744
33,921
32,559

2,148
2,084
2,488
1,980
1,142

4,164
4,181
4,174
4,037
3,745

28,402
28,387
28,082
27,904
27,672

4,422
4,416
4,475
4,456
4,447

4,488
4,424
6,557
4,995
4,802

748
815
803
813
833

13,099
13,200
13,709
13,487
14,625

2,167
2,209
2,540
2,259
2,122

23
23
23
24
23

1,237
1,232
1,150
1,111
1,122

84,993
85,194
88 , 500
85,709
85,432

Sept.

1
8
15
22
29

33,235
33,022
33,416
33,526

1,827
1,698
2,257
2,503

4,475
4,456
4,444
4,389

26,933
26,868
26,715
26,634

4,408
4,378
4,341
4,280

4,374
6,347
5,256
5,140

788
886
820
842

14,273
14,538
14,585
14,687

2,208
2,315
2,318
2,201

24
21
22
22

1,126
1,140
1,134
1,152

84,967
87,361
86,431
#6,485

Oct.

6
13
20
27

33,268
33,319
33,525
33,073

2,378
2,454
2,511
2,090

4,423
4,420
4,515
4,457

26,467
26,445
26,499
26,526

4,234
4,196
4,178
4,177

5,481
4,986
5,945
5,095

813
850
825
817

14,530
14,584
14,557
14,688

2,250
2,208
2,350
2,107

24
21
24
23

1,179
1,188
1,189
1,189

86,509
86,215
87,537
86,381

Nov.

3
10
17
24

33,075
33,179
33,440
33,455
32,987

2,106
2,199
2,285
2,249
1,807

4,458
4,428
4,826
4,823
4,742

26,511
26,552
26,329
26,383
26,438

4,163
4,177
4,141
4,148
4,205

5,416
4,540
6,363
5,257
5,251

812
880
891
916
919

14,574
14,418
1 5 , 044
14,593
14,893

2,185
2,103
2,406
2,234
2,247

24
21
23
25
28

1,236
1,235
1,154
1,135
1,152

86,577
85,755
88,751
87,301
87,241

Dec.

1
8
15
22
29

1948

Digitized for FRASER


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

189

WEEKLY REPORTING BANKS


4,1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Total
Adjusted

Unadjusted

Demand deposits
f
'
Individuals, States and
U.S.
1
nartnershins.
Government
political
and corps. subdivisions

Interbank

i
*

Domestic

Foreign

Certified
,'inri

officers'
cheeks

1948
Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

80,175
81,219
80,542
79,352

48,620
48,963
48,970
48,818

65,537
66,589
65,887
64,707

48,635
49,672
49,282
48,701

3,263
3,271
3,222
3,249

568
520
589
693 ,.

10,285
10,292
9.944
9,297

1346
1,351
332
,347

,483
.518

78,475
78,371
78,727
78,557

48,223
47,644
47,409
47,559

63,768
63,631
63,969
63,753

47,806
47,798
47,950
47,937

3,253
3,197
3,142
3,223

801
876 j
885
926

9,267
9,017
9,099
8,824

340
338
'VS3
368

301
,405
,540
,475

77,974
78,964
78,640
77,043
76,100

47,296
47,581
47,011
46,391
45,340

63,138
64,134
63,837
62,220
61,294

47,134
47,332
47,508
46,266
45,445

3,219
3,460
3,255
3,291
3,363

,009
,148
,098
,154
,297

9,026
9,040
9,238
8,563
8,375

361 !
353 i

76,363
77,978
77,732
77,078

45,978
46,210
46,718
46,671

61,527
63,149
62,900
62,261

45,608
47,000
46,636
46,418

3,311
3,297
3 609
3,484

376

8,612
8,821
8,578
8,364

12
19
26

77,059
78,171
77,675
77,019

46,529
46373
46,440
46,857

62,218
63,316
62,837
62,182

46,032
46,888
46,673
46,628

3,534
3 414
3 424
3,451

,367

2
9
16
23
30

77,808
77,797
79,380
77,510
78,116

46,646
46,996
47,259
46,647
46,414

62,904
62,880
64,437
62,543
63,066

46,627
46,724
48,153
46,689
46,671

3,478
3 463
3,395
3,359
3,517

,001
,092
,265

8,572
8,740
9,148
8,588
8,835

7
14
21
28

77,790
78,807
78,035
77,588

46,247
46,127
46,726
46,839

62,791
63,790
63,015
62,592

46,318
47,357
46,984
46,666

3,352
3,260
3 321
MOO

,072
,193
,282
,259

9,047
9,242
8,761
8,631

,347

11
18
25

77,580
78,238
78,330
77,635

46,777
46,706
46,746
47,059

62,610
63,257
63370
62,687

46,458
46,967
47,161
46,937

3 401
3,274
3 263
3,7.83

,306

,433
,294

387

8.885
8,982
8,914
8,580

370
385
'389
;400 i

'19
.262
'210
,193

1
8
15
22
29

77,887
78,022
81,442
78,560
78,149

47,056
46,932
47,446
46,838
46,660

62,946
63,076
66,462
63,561
63,161

46,919
46,993
49,078
47,263
46,940

3,370
3,264
3,208
3 171
3,241

,217
,204
,234
,416
,704

8,777
9.094
9,805
8,896
8,599

'490
416
[396

408 1
422

.255
."

77,844
80,069
79,300
79,323

46,441
46,593
46,998
47,422

62,836
65,073
64,307
64,334

46,491
48,385
47,951
48,019

3,202
3,124
3.055
3,182

,590
,581
,498
459

9,024
9.127
9,126
8,907

,407 i
42S
'429
|406

,122
,431
,248
361

79,246
78,947
80344
78,886

46,607
46,929
46,907
47,301

64,249
63,961
65,386
63,953

47,474
47,446
48,270
47,801

3,299
3.205
3,141
3,170

,513
,389
,580
,374

79,321
78,380
81,528
79,897
79,949

47,341
47,584
48,290
47,928
47,794

64,441
63,452
66,597
64,916
64,870

47,840
47,635
49,803
48,446
48,214

3,292
3,230
3,221
3,250
3,282

,264
900
944
,092
,274

14
21
28
11
18
25
10
17
24
31

14
21
28

13
2,0
27
10
17
24

8
15
22
29

Digitized for FRASER


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

190

,314
,199
309

367
366

.341
363
'351
'-W7
,310
291
'318
'340
|3U

8,666
8,699
8 523
8,171

597

,452
,272
,252

301

9,225
9,252
9,538
8,762
9,005
9,002
9,518
9,140
9,079

310
,319

330

'351

334
37^

'369
395

<

.440

;420

389
-801

371
,580
,473

,257
,366
,531
376
,328
,400
,425
349
,665
333
,410
,464
.444
,655
366
,298

-241

.717
,399
,281

423
|405
.416
,421

,315
,264
1,441
1,425

,415
.426

1,625
1,259
1,629
1,489
U549

;482
,499
,472

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Individ- States and


uals, part- political
nerships,
subdiviand corps.
sions

Borrowings

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1948
14,638
14,630
14,655
14,645

14,177
14,158
14,158
14,142

347
359
383
391

77
77
77
75

37
36
37
37

128
90
130
206

878
902
891
897

5,834
5,826
5,826
5,836

87,015
88,037
87,389
86,291

Jan.

7
14
21
28

14,707
14,740
14,758
14,804

14,153
14,170
14,184
14,227

443
458
463
465

75
76
75
76

36
36
36
36

242
491
291
258

924
934
949
964

5,853
5,851
5,849
5,856

85,494
85,647
85,816
85,635

Feb.

4
11
18
25

14,836
14,830
14,803
14,823
14,806

14,256
14,246
14,227
14,233
14,221

471
476
468
482
478

74
73
73
73
73

35
35
35
35
34

220
288
311
422
360

984
999
978
,018
,025

5,871
5,865
5,866
5,869
5,884

85,049
86,116
85,795
84,352
83,369

Mar.

3
10
17
24
31

14,836
14,829
14,832
14,817

14,238
14,229
14,239
14,222

490
495
487
492

77
76
76
76

31
29
30
27

199
123
325
141

,031
,038
,054
,071

5,890
5,889
5,889
5,902

83,483
85,028
85,000
84,192

Apr.

7
14
21
28

14,841
14,855
14,838
14,837

14,245
14,239
14,230
14,229

491
512
505
504

77
77
77
78

28
27
26
26

138
181
153
225

,058
,091
,091
,124

5,912
5,906
5,902
5,910

84,167
85,349
84,821
84,278

14,904
14,917
14,943
14,967
15,050

14,283
14,296
14,324
14,346
14,417

517
514
510
512
520

77
77
81
79
79

27
30
28
30
34

134
112
127
216
28

,132
,158
,146
,155
,036

5,924
5,922
5,916
5,915
5,904

84,998
84,989
86,569
84,796
85,084

June

2
9
16
23
30

14,999
15,017
15,020
14,996

14,353
14,358
14,360
14,337

532
545
532
532

80
81
80
81

34
33
48
46

306
185
229
200

1,032
1,009
1,021
1,032

5,911
5,904
5,904
5,912

85,039
85,905
85,189
84,732

July

7
14
21
28

14,970
14,98t
14,960
14,948

14,306
14,308
14,283
14,273

538
543
549
547

80
84
84
83

46
46
44
45

130
142
249
225

1,018
1,019
1,033
1,038

5,930
5,935
5,928
5,9'36

84,658
85,334
85,540
84,834

Aug.

4
11
18
25

14,941
14,946
14,980
14,999
14,988

14,271
14,277
14,315
14,322
14,317

539
539
534
548
541

85
85
86
84
84

46
45
45
45
46

107
178
87
169
285

1,046
,038
,030
,038
,044

5,953
5,956
5,941
5,942
5,954

84,993
85,194
88,500
85,709
85,432

Sept.

1
8
15
22
29

15,008
14,996
14,993
14,989

14,337
14,335
14,324
14,321

541
532
536
533

84
83
85
86

46
46
48
49

127
284
121
143

,018
,035
,040
,037

5,978
5,973
5,970
5,982

84,967
87,361
86,431
86,485

Oct.

6
13
20
27

14,997
14,986
14,958
14,933

14,323
14,321
14,302
14,287

536
527
518
509

85
85
85
85

53
53
53
52

212
205
139
435

,045
,069
,062
,072

6,006
5,994
5,992
5,988

86,509
86,215
87,537
86,381

Nov.

3
10
17
24

14,880
14,928
14,931
14,981
15,079

14,238
14,282
14,281
14,324
14,403

505
509
514
522
540

85
85
85
85
85

52
52
51
50
51

149
261
100
289
200

,091
,105
,122
,113
,077

6,016
6,009
6,001
6,002
6,015

86,577
85,755
88,751
87,301
87,241

Dec.

1
8
15
22
29

Digitized for FRASER


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

191

,|
19
26

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans and
investments

Loans
Total
Commercial,
industrial.
and agricultural

Date
Total

Total
adjusted

Adjusted

Net

1949

For purchasing or carrying


securities
To brokers and
dealers
U.S.
Govt.
securities

Other
securities

|
'

To
others

U,S.
Govt.
securities

Real
estate

Other
securities :

Lc
Loans
t
to
ba
banks

AH
other

Memo :
valuation
reserves

._-.

Jan.

5
12
19
26

62,638
62,596
62,879
62,852

62,474
62,414
62,694
62,617

24,805
24,905
24,764
25,035

24,969
25,087
24,949
25,270

15,374
15,415
15,414
15,381

620
714
581
890

438
399
406
419

203
199
196
1S7

467
460
456
452

4,066
4,083
4,081
4,084

164
182
185
235

Feb.

2
9
16
23

62,696
62,170
61,991
61,946

62,438
61,993
61,837
61,685

24,986
24,773
24,687
24,604

25,244
24,950
24,841
24,865

15,318
15,294
J5,265
15,222

859
721
722
673

438
434
410
423

186
188
190
189

477
475
444
454

4,079
4,085
4,085
4,086

25S
3,918
177 1 3;865
154
3. 62
261
3,849

289
289
291
292

Mar.

2
9
16
23
30

61,976
62,046
62,359
61,749
61,171

61,710
61,768
62,072
61,576
60,863

24,351
24,273
24,602
24,523
24, 726

24,617
24,551
24,889
24,696
25,034

15,147
15,106
15,095
14,962
14,904

499
497
812
832
1,047

448
426
452
460
501

191
192
189
193
205

439
437
438
441
433

4,082
4,086
4,084
4,086
4,083

266
278 I
287
173
308

3.837
3; 821
3,826
3,843
3,851

292
292
294
294
298

Apr.

6
13
20
27

61,041
61,100
61,267
61,315

60,819
60,901
61,042
61,052

24,013
23,723
23,919
23,747

24,235
23,922
24,144
24,010

14,627
14,543
14,304
14,162

632
464
801
748

514
482
570
580

197
195
190
199

430
432
426
418

4,081
4,079
4,078
4,078

222
199
225
263

3.833
31828
3,851
3,863 i

301
300
301
301

May

4
11
18
25

61,635
62,049
62,154
62,281

61,326
61,848
61,964
61,997

23 , 698
23,384
23,686
23,415

24,007
23,585
23,876
23,699

13,976
13,908
13,747
13,628

916
622
1,016
892

550
594
644
602

198
197
194
200

421
416
421
437

4,077
4,086
4,089
4,083

309
3,861
201 ; 3,862
190 i 3,872 i
284
3,871

301
301
297
298

June

1
8
15
22
29

62,336
61,916
62,603
62,606
62,609

62,003
61,738
62,397
62,402
62,317

23,478
22,918
23,028
23,358
23,590

23,811
23,096
23,234
23,562
23,882

13,476
13,424
13,385
13,292
13,170

1,058
581
627
806
1,025

620
600
652
886
931

199
201
209
209
241

429
421
420
421
418 ;

4,092
4,103
4,105
4,112
4,121

333
178
206
204
292

3,904
3,889
3,929
3,931
3,985

300
301
299
299
301

July

6
13
20
27

62,555
62,855
63,264
63,458

62,391
62,632
63,015
63,208

23,003
22,678
22,735
22,781

23,167
22,901
22,984
23,031

12,996
12,964
12,870
12,886

654
523
688
718

883
674
664
631

237
229
227
224

412
443
531
435

4,115
4,126
4,134
4,141

164
223
249
250

4,010
4,024
4,026
4,051

304
305
305
305

Aug.

3
10
17
24
31

63,796
64,207
64,693
65,121
65,779

63,532
63,935
64,345
64,888
65,506

22,895
22,906
22,913
22,825
23,218

23,159
23,178
23,261
23,058
23,491

12,826
12,906
12,939
12,942
12,965

837
808
816
681
985

683
609
599
619
624

226
223
216
215
220

437
458
441
442
445

4,143
4,161
4,166
4,181
4,185

264
272
348
233
273

4,049
4,046
4,041
4,050
4,102

306
305
305
305
308

Sept.

7
14
21
28

65,689
66,294
66,463
66,062

65,542
66,046
66,276
65,823

23,196
23,414
23,340
23,759

23,343
23,662
23,527
23,998

13,007
13,171
13,289
13,384

859
857
716
991

671
646
660
677

218
215
196
195

442
488
444
443

4,186
4,202
4,211
4,207

147
4,119
248
4,140
187 ; 4,133
239
4,172

306
305
309
310

Oct.

5
12
19
26

66,077
66,207
66,439
66,772

65,922
66,042
66,257
66,590

23,605
23,710
23,609
23,739

23,760
23,875
23,791
23,921

13,425
13,566
13,647
13,680

758
730
521
564

706
658
664
716

190
186
185
184

445
442
448
420

4,212
4,233
4,244
4,253

155
4,179
165 ! 4,206
182
4,211
182
4,234

310
311
311
312

Nov.

2
9
16
23
30

66,666
66,656
66,506
66,723
66,839

66,455
66,326
66,273
66,501
66,625

24,114
24,334
24,069
24,107
24,399

24,325
24,664
24,302
24,329
24,613

13,694
13,783
13,776
13,772
13,775

853
934
644
672
920

764
769
756
730
703

177
174
177
174
173

420
429
420
422
453

4,246
4,265
4,277
4,295
4,299

211
4,272
4,292
330
4.330
233
222 | 4 ",355
214
4,393

312
312
311
313
317

Dec.

7
14
21
28

66,938
67,574
67,412
67,421

66,705
67,200
67,084
67 , 102

24,579
24,756
24,373
24,575

24,812
25,130
24,701
24,894

13,807
13,882
13,864
13,904

1,024
1,032
648
748

778
824
833
860

175
174
167
171

424
425
425
428

4,302
4,325
4,337
4,342

233
374
328
319

4,388
4,413
4.421
4; 445

319
319
322
323

Digitized for FRASER


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

192

3,924
3,922
3,917
3,909 1

287
287
287
287

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities
Cash
items
Certifica tes

Notes

in

Other
securities

process
of collection

Currency
and

coin

Reserves
with
F.R.
Banks

Do-

mestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

33,484
33,324
33,749
33,411

2,197
2,157
2,425
2,036

5,669
5,515
5,613
5,511

25,618
25,652
25,711
25,864

4,185
4,185
4,181
4,171

4,602
5,042
4,894
4,530

812
862
803
803

14,964
14,716
14,713
14,710

2,365
2,287
2,262
2,130

27
24
25
24

,139
,138
,156
,165

86,547
86,665
86,732
86,214

Jan.

33,263
33,016
32,890
32,814

1,987
1,841
1,798
1,780

5,364
5,201
5,094
5,036

25,917
25,974
25,998
25,998

4,184
4,204
4,260
4,267

4,343
4,126
5,294
4,967

726
790
748
817

14,380
14,322
14,172
14,271

2,011
2,000
2,096
2,089

25
23
24
25

,168
,164
,165
,177

85,349
84,595
85,490
85,292

Feb.

33,069
33,206
33,112
32,680
31,750

2,000
2,083
2,013
,695
,063

5,048
5,060
4,992
4,874
4,624

26,021
26,063
26,107
26,111
26,063

4,290
4,289
4,358
4,373
4,387

4,631
4,233
5,350
4,334
4,430

720
785
746
768
785

14,404
14,196
14,606
14,179
13,888

2,129
2,071
2,237
1,970
1,996

23
24
24
25
25

,190
,190
,107
,093
1,105

85,073
84,545
86,429
84,118
83,400

Mar.

32,397
32,767
32,765
32,951

,387
,639
,666
1,827

4,778
4,775
4,705
4,712

26,232
26,353
26,394
26,412

4,409
4,411
4,358
4,354

4,255
5,001
4,693
4,300

742
807
775
797

14,143
14,107
14,263
13,919

2,125
2,246
2,018
2,009

22
18
18
18

1,104
1,101
1,105
1,118

83,432
84,380
84,139
83,476

Apr.

33,263
34,111
33,872
34,145

1,836
2,356
2,088
2,203

4,750
4,913
4,898
4,996

26,677
26,842
26,886
26,946

4,365
4,353
4,406
4,437

4,280
4,752
4,834
4,067

728
796
761
788

13,988
13,196
13,438
13,189

2,062
2,136
2,081
2,049

18
17
17
18

1,133
1,135
1,141
1,158

83,844
84,081
84,426
83,550

May

34,035
34,347
34,867
34,515
34,178

2,105
2,165
2,516
2,224
1,832

5,225
5,385
5,397
5,279
5,284

26,705
26,797
26,954
27,012
27,062

4,490
4,473
4,502
4,529
4,549

4,990
4,066
5,446
4,400
4,422

749
785
761
769
792

13,243
13,293
13,649
13,475
13,231

2,099
2,101
2,296
2,023
2,089

18
17
17
17
19

1,183
,183
1,100
1,064
1,082

84,618
83,361
85,872
84,354
84,244

June

34,735
35,254
35,507
35,590

2,153
2,471
2,614
2,610

5,431
5,543
5,575
5,605

27,151
27,240
27,318
27,375

4,653
4,700
4,773
4,837

4,771
4,915
4,982
4,159

762
826
755
788

13,281
12,828
12,785
12,938

2,377
2,401
2,174
2,062

17
17
17
15

1,077
1,083
1,089
1,109

84,840
84,925
85,066
84,529

July

35,773
36,144
36,485
37,114
37,307

2,603
2,563
2,772
3,128
3,260

5,716
6,042
6,136
6,359
6,392

27,454
27,539
27,577
27,627
27,655

4,864
4,885
4,947
4,949
4,981

720
762
728
761
733

13,034
12,868
12,759
12,341
12,413

1,133
1,135
1,143
1,153
1,197

6,476
6,633
7,227
7,181

27,685
27,732
27,247
27,215

4,968
5,038
5,062
5,060

771
817
776
803

11,823
12,096
11,627
12,005

17
15
13
36

1,200
1,218
1,090
1,115

84,794
85,432
86,179
85,440
86,491
86,114
88,245
86,769
86,315

Aug.

3,217
3,229
3,400
2,608

2,063
2,141
2,215
2,150
2,076
2,230
2,347
2,155
2,043

14
15
15
13
12

37,378
37,594
37,874
37,004

4,034
4,304
4,626
3,901
4,281
4,384
5,458
4,645
4,251

37,261
37,300
37,625
37,838

2,717
2,716
2,817
2,982

7,290
7,276
7,399
7,391

27,254
27,308
27,409
27,465

5,056
5,032
5,023
5,013

4,476
5,125
4,956
4,648

738
804
780
791

12,232
11,961
12,276
12,040

2,261
2,272
2,319
2,183

42
40
44
44

1,111
1,114
1,120
1,134

37,388
37,042
37,257
37,430
37,248

2,618
2,378
2,449
2,468
2,357

7,273
7,187
7,268
7,333
7,245

27,497
27,477
27,540
27,629
27,646

4,953
4,950
4,947
4,964
4,978

4,534
4,898
5,957
4,699
4,952

736
839
779
776
797

12,332
12,040
12,234
11,920
12,021

2,146
2,170
2,375
2,121
2,115

48
49
48
44
44

1,159
1,160
1,176
1,181
1,237

86,937 Oct.
87,523
87,934
87,612
87,621 Nov.
87,812
89,075
87,464
88,005

37,153
37,409
37,657
37 , 469

2,308
2,529
2,745
2,544

7,120
7,136
6,927
6,856

27,725
27,744
27,985
28,069

4,973
5,035
5,054
5,058

4,437
5,672
5,004
5,320

834
916
891
929

12,185
12,259
12,131
12,146

2,129
2,411
2,319
2,286

53
47
44
42

1,229
1,245
1,117
1,127

87,805
90,124
88,918
89,271

and

bonds

1949

Digitized for FRASER


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

193

Sept.

Dec.

12
19
26

9
16
23

9
16
23
30

13
20
27

11
18
25

8
15
22
29

13
20
27

10
17
24
31

14
21
28

12
19
26

9
16
23
30

14
21
28

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Demand deposits
j

Total
Adjusted

Unadjusted

Individuals, States and


U.S.
partnerships,
Government
political
and corps. subdivisions

Interbank
Domestic

Foreign

Certified
and
officers'
checks

1949
Jan.

5
12
19
26

79,471
79,393
79,562
78,768

47,437
47,519
47,670
47,665

64,334
64,247
64,451
63,660

47,482
48,129
48,094
47,486

3,268
3,213
3,178
3,301

1,115
835
987
1,139

9,722
9,427
9,358
8,795

1,458
1,424
,542
,531

1,289
,219
,292
,408

Feb.

2
9
16
23

78,025
77,403
78,327
77,917

46,945
46,553
46,079
46,299

62,895
62,258
63,187
62,768

46,576
46,164
46,693
46,620

3,408
3,319
3,393
3,419

1,476
1,559
1,729
1,817

8,631
8,522
8,635
8,246

, 500
,498
,450
;439

. 304
,196
.287
]227

Mar.

2
9
16
23
30

77,744
77,229
78,843
76,485
75,949

46,112
46,072
46,182
45,473
44,909

62,554
62,013
63,643
61,284
60,739

46,014
45,725
46,760
45,129
44,341

3,418
3,448
3,404
3,471
3,588

1,706
1,645
1,889
2,009
2,095

8,696
8,645
8,802
8,094
7J917

,409
,418
,420
,374
;388

,311
,132
,368
.207
,410

Apr.

6
13
20
27

76,161
77,096
76,612
76,092

44,820
45,237
45,757
46,175

60,953
61,860
61,351
60,812

44,395
45,807
45,950
45,737

3,487
3,323
3,422
3,548

2,026
1,698 ;
1,428
1,188

8,463 j
8:522 II
8,092
7,781 I

,389
.402
,381
,368

,193
,108
,078
,190

May

4
11
IS
25

76,120
76,766
76,540
76,135

45,822
45,921
45,816
46,383

60,809
61,417
61,193
60,757

45,151
45,853
45,788
45,770

3,706
3,598
3,498
3,596

1,058
1,000
1,095
1,087

8,298
8,401
8,121
7,918

1,351
1,343
1,327
1,302

,245
,222
".364
,084

June

1
8
15
22
29

77,130
76,041
78,550
76,452
76,770

46,364
46,295
46,844
46,319
46,093

61,732
60,634
63,138
61,030
61,257

46,128
45,737
47,494
46,154
45,805

3,683
3,545
3,431
3,357
3,361

790
576
770
890
1,356

8,258
8,397
8,767
8,087
8,047 j

,330
,300
[SI!
.334
;339

,543
,079
,365
,208
,349

July

6
13
20
27

77,596
77,604
77,480
76,855

45,844
46,035
46,472
46,683

62,115
62,152
62,040
61,427

45,744
46,586
46,520
46,301

3,358
3,236
3,280
3,379

1,145
813
714
921

9,011
9,036
8,521
8,300

,344
353
,351
,364

,513
,128
,654
,162

Aug.

3
10
17
24
31

77,221
77,991
78,574
78,045
78,595

46,282
46,268
46,050
46,316
46,753

61,804
62,582
63,181
62,648
63,185

45,685
45,998
46,232
45,947
46,416

3,432
3,291
3,240
3,257
3,367

1,591 1
1,961
2,244
2,377
2,196

8,533
8,691
8,907
8,698
8,597

,364
,358
,354
,356
,358

,199
,283
,204
,013
,251

Sept.

7
14
21
28

78,781
80,777
79,342
78,664

46,410
46,930
46,436
46,457

63,376
65,380
63,943
63,262

46,288
47,963
46,761
46,465

3,239
3,170
3,080
3,165

1,949
2,186
2,508
2,636

9,268
9,471
9,065
8,634

,365
,335
,289
,284

,267
,255
,240
,078

Oct.

5
12
19
26

79,561
80,133
80,525
80,162

46,286
46,283
46,738
47,341

64,170
64,738
65,114
64,761

46,355
47,212
47,475
47,547

3,178
3,054
3,009
3,122

2,677
2,533
2,669
2,468

9,375
9,429
9,389
8,991

,356
,368
,362
,313

,229
,142
,210
,320

Nov.

2
9
16
23
30

79,632
79,960
81,527
79,895
80, 184

46,848
46,709
46,625
47,274
47,648

64,250
64,564
66,156
64,552
64,872

46,867
47,120
48,135
47,590
48,037

3,299
3,155
3,116
3,181
3,255

2,335
2,321
2,525
2,432
2,117

9,159
9,261
9,695
8,838
8,827

,374
,375
354
,309
,328

,216
,332
,331
,202
,308

Dec.

7
14
21
28

79,849
82,383
81,216
81,545

47,726
48,652
48,254
48,253

64,522
67,035
65,834
66,104

47,745
49,724
48,603
48,857

3,147
3,184
3,181
3,296

1,848
1,846
1,808
1,955

9,193
9,560
9,476
9,297

,318
,305
,292 |
,279

,271
,416
,474
,420

Digitized for FRASER


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

194

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Borrowings

Time deposits

Total

Individ- States and


uals, part- political
subdivinerships,
and corps.
sions

U. S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1949
15,137
15,146
15,111
15,108

14,451
14,446
14,417
14,412

550
560
567
570

85
85
85
85

51
55
42
41

66
257
143
410

997
1,002
1,022
1,017

6,013
6,013
6,005
6,019

86,547
86,665
86,732
86,214

Jan.

5
12
19
26

15,130
15,145
15,140
15,149

14,419
14,418
14,412
14,422

582
599
600
597

86
86
87
88

43
42
41
42

279
137
118
293

1,017
1,019
1,020
1,053

6,028
6,036
6,025
6,029

85,349
84,595
85,490
85,292

Feb.

2
9
16
23

15,190
15,216
15,200
15,201
15,210

14,452
14,480
14,460
14,451
14,458

593
592
598
603
602

87
87
87
90
91

58
57
55
57
59

229
212
497
533
347

1,052
1,062
1,044
1,054
1,046

6,048
6,042
6,045
6,046
6,058

85,073
84,545
86,429
84,118
83,400

Mar.

2
9
16
23
30

15,208
15,236
15,261
15,280

14,469
14,481
14,483
14,485

592
607
632
648

92
92
91
93

55
56
55
54

173
160
421
253

1,023
1,046
1,034
1,047

6,075
6,078
6,072
6,084

83,432
84,380
84,139
83,476

15,311
15,349
15,347
15,378

14,493
14,503
14,493
14,497

645
643
645
666

98
98
98
102

75
105
111
113

575
151
714
230

1,045
1,070
1,083
1,086

6,104
6,094
6,089
6,099

83,844
84,081
84,426
83,550

May

4
11
13
25

15,398
15,407
15,412
15,422
15,513

14,513
14,521
14,532
14,544
14,596

667
668
664
662
664

103
103
104
106
115

115
115
112
110
138

286
119
106
690
250

1,084
1,083
1,101
1,103
1,097

6,118
6,118
6,115
6,109
6,127

84,618
83,361
85,872
84,354
84,244

June

1
8
15
22
29

15,481
15,452
15,440
15,428

14,584
14,556
14,539
14,535

644
641
645
640

115
116
117
120

138
139
139
133

84
146
420
484

1,019
1,037
1,028
1,040

6,141
6,138
6,138
6,150

84,840
84,925
85,066
84,529

July

6
13
20
27

15,417
15,409
15,393
15,397
15,410

14,520
14,514
14,499
14,493
14,502

641
642
645
646
647

121
120
118
119
121

135
133
131
139
140

380
228
398
163
640

1,027
1,044
1,043
1,060
1,062

6,166
6,169
6,164
6,172
6,194

84,794
85,432
86,179
85,440
86,491

Aug.

3
10
17
24
31

15,405
15,397
15,399
15,402

14,500
14,485
14,493
14,501

640
640
637
632

126
126
122
122

139
146
147
147

75
188
140
359

1,070
1,106
1,105
1,096

6,188
6,174
6,182
6,196

86,114
88,245
86,769
86,315

15,391
15,395
15,411
15,401

14,497
14,496
14,514
14,501

625
628
626
627

122
123
123
123

147
148
148
150

94
110
121
133

1,072
1,070
1,083
1,099

6,210
6,210
6,205
6,218

86,937
87,523
87,934
87,612

Oct.

5
12
19
26

15,382
15,396
15,371
15,343
15,312

14,500
14,524
14,502
14,461
14,431

605
593
591
605
608

123
124
124
124
123

154
155
154
153
150

647
487
172
178
398

1,101
1,121
1,150
1,172
1,176

6,241
6,244
6,226
6,219
6,247

87,621
87,812
89,075
87,464
88,005

Nov.

2
9
16
23
30

15,327
15,348
15,382
15,441

14,431
14,451
14,476
14,537

618
619
620
621

128
128
133
130

150
150
153
153

525
307
286
315

1,196
1,225
1,205
1,183

6,235
6,209
6,211
6,228

87,805
90,124
88,918
89,271

Dec.

7
14
21
28

Digitized for FRASER


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

195

iS

20
27

,J

21
28

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans and
investments

Loans
Total

Date
Total

Total
adjusted

Adjusted

Net

Commercial,
industrial,
and agricultural

For purchasing or carrying


securities
To brokers and
dealers
U.S.
Govt.
securities

Other
securities

To
others
U.S.

Real
estate

securities

I!

:'

Govt.
securities

Loans
to
banks

I Memo:
All ,| valothotr
nation
reserves

jj

1950
Jan.

4
11
18
25

67,222
67,357
67,670
67,818

66,951
67,140
67,401
67,496

24,402
24,165
24,186
24,257

24,673
24,382
24,455
24,579

13,851
13,857
13,861
13,871

702
443
429
445

827
807
843
883

174
161
151
150

425 "
421
428
422

4,347
4,379 i
4,392
4,400

271
4,446
217
4,468
269 1i 4,453
322
4,455

370
371
371
369

Feb.

1
8
15
22

67,266
67,139
66,977
66,985

67,112
66,881
66,626
66,679

24,332
24,262
24,426
24,294

24,486
24,520
24,777
24,600

13,918
13,885 ,
13,905 1
13,854

511
443
543
403

853
860
936
994

147
146
141
137

426
447
430
431

4,396
4,402
4,399
4,410

1 54
258
351
306

4,455
4,453
4,444
4,439

374
374
372
374

Mar,

1
8
15
22
29

66 ,=831
66,283
66,855
67,006
66,563

66,529
66,034
66,707
66,683
66,351

24,439
24,244
24,504
24,463
24,674

24,741
24,493
24,652
24,786
24,886

13,834
13,799
13,889
13,843
13,790

613
500
528
508
746

916
852
918
938
924

136
137
141
144
145

434
428
465
434
443

4,413
4,422
4,442
4,461
4,465

302
249
148
323
212

4,470
4,481
4,498
4,512
4,540

377
375
377
377
379

Apr.

5
12
19
26

66,626
66,608
66,696
66,514

66,215
66,263
66,399
66,248

24,713
24,692
24,564
24,650

25,124
24,037
24,861
24,916

13,729
13,716
13,574
13,475

747
700
665
796

991
989
,013
,025 |

146
138
136
138

450
460
465
468

4,472
4,491
4,502 !
4,513

411
345
297
266

4,559
4,580
4,591
4,615

381
382
382
380

May

3
10
17
24
31

66,534
66,401
66,689
66,951
67,103

66,166
66,078
66,384
66,587
66,868

24,641
24,595
24,539
24,620
24,798

25,009
24,918
24,844
24,984
25,033

13,420
13,365
13,377
13,359
13,359

715
714
547
538
700

.098
;073
.101
.116
,101

144
137
140
137
138

480
4,522
4,541
475
4,563
488
523 j 4,576 ,
489 ( 4,595 j

368
323
305
364
235

4,644
4,674
4.707
4,755
4", 800

382
384
384
384
384

June

7
14
21
28

66,960
67,299
67,905
67,960

66,663
67,049
67,621
67,555

24,795
24,855
24,977
25,179

25,092
25,105
25,261
25,584

13,394
13,459
13,532
13,602

530
448
330
368

,190
,207
,317
,349

139
133
137
144

506
504
505
508

4,612
4,644
4; 664 ,
4,682

297
250
284
405

4,810
4,845
4,877
4,912

386
385
385
3H6

July

5
12
19
26

67,652
67,586
67,875
68,028

67,286
67,332
67,635
67,724

25,367
25,215
25,455
26,067

25,733
25,469
25,695
26,371

13,660
13,725
13,791
13,911

540
441
614
944

,267
,091
,040
,064

144
146
150
164

500 i
498
491
501

4,712
4,755
4,776
4,794

366
4,932
254
4,948
240 f 4,982
304
5,079

388
389
389
390

Aug.

2
9
16
23
30

67,847
67,923
68,107
68,164
68,570

67,633
67,587
67,779
67,776
68,212

26,167
26,404
26,568
26,706
26,895

26,381 14,022
26,740 i 14,187
26,896 14,359 |
27,094 14,512
27,253 14,739

943
883
903
602
505

991
1,027
976
974
922

168
184
195
203
199

508
510
512 '
517
544

4,815
4,833
4,868
4,898
4,938 '

214
336
328
388
358

5,111
5,170
5,146
5,389
5,439

391
390
39)
389
391

Sept.

6
13
20
27

68,456
68,842
69 , 522
68,767

68,066
68,587
69,038
68,428

27,125
27,480
27,786
28,163

27,515
27,735
28,270
28,502

14,932
15,330
15,517
15,725

461
374
342
506

946
941
1,042
981

196 !
189
IBl
184

521
4,956
546
4,992
^0 i 5,015
5,035
534

390
255
484
339

5,503
5,500
5,550
5 , 590

392
392
391
392

Oct.

4
11
18
25

68 , 662
68,663
68,841
69,230

68,363
68,372
68,6(9
68 , 984

28,278
28,586
28,600
28,892

28,577
28,877
28,822
29,138

15,865
16,090
16,096
16,269

371
387
368
461

189
188
184
186

543
547
553
543

5,050
5,086
5,102
5,119

299
5,668
291 i 5.709
222
5,733
246
5,762

394
392
394
394

Nov.

I
8
15
22
29

69,237
69,373
69,414
69,668
69,923

68,925
69,029
69,214
69,425
69,546

29,075
29,330
29,588
29,793
30,209

29,387
29,674
29,788
30,036
30,586

16,476
16,669
16,906
16,975
17,084

339
419
388
467
657

1,016
942
982
992
1,014

182
181
183
186
187

546
564
555
559
605

5,126
5,149
5,167
5,191
5,213 ,

312
344
200
243
377 :;

5,786
5 , 800
5,803
5,817
5,845

396
394
396
394
396

Dec.

6
13
20
27

69,807
70,301
71,444
71,789

69,305
70,097
71,034
71,270

30,078
30,356
30,736
31,080

30,580
30,560
31,146
31,599

17,261
17,461
17,801
17,839

481
452
448
690

983
992
1,017 i
1,052

185 j
185
180
175

558
601
559
561

5,212
5,240
5,254
5,270

502
204
410
519 i

5,799 !
5,827
5,880
5,895

401
402
403
402

Digitized for FRASER


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

986
971
958
946 i

196

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with-

U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R,
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

37,514
37,920
38,131
38,077

2,542
2,999
3,271
3,220

6,866
6,804
6,756
6,694

28,106
28,117
28,104
28,163

5,035
5,055
5,084
5,162

5,167
4,812
5,017
4,433

809
839
787
782

12,774
12,403
12,219
12,237

2,680
2>41S
2,335
2>22l

45
38
39
36

1,119
1,108
1,145
1 , 142

89,816
88,972
89,212
88 , 669

Jan.

4
11
18
25

37,595
37,375
36,975
37,162

2,762
2,595
2,306
2,402

6,152
5,947
5,862
5,858

28,681
28,833
28,807
28,902

5,185
5,244
5,225
5,223

4,894
4,077
6,004
5,027

706
760
750
757

12,384
12,078
12,297
12,012

2,049
2,046
2,255
2,155

38
42
38
40

1,172
1,156
1,171
1,158

88,509
87,298
89,492
88,134

Feb.

1
8
15
22

36,774
36,463
36,877
36,702
36,118

2,212
2,024
2,394
2,200
1,768

5,071
4,909
4,856
4,782
4,638

29,491
29,530
29,627
29,720
29,712

5,316
5,327
5,326
5,518
5,559

5,298
4,344
5,865
4,654
4,386

708
763
743
759
785

12,104
12,058
12,438
11,816
11,727'

2,106
2,173
2,468
2,095
1,990

36
39
40
37
37

1,189
1,198
1,091
1,079
1,102

88,272
86,858
89 , 500
87,446
86,590

Mar.

I
8
15
22
29

35,920
35,941
36,177
35,922

1,616
1,633
,874
,715

4,384
4,370
4,341
4,309

29,920
29,938
29,962
29,898

5,582
5,630
5,658
5,676

4,523
5,417
5,117
4,697

729
804
764
794

11,816
11,857
11,639
11,841

2,131
2,204
2,186
2,062

37
36
34
36

1,097
1,102
1,098
1,112

86,959
88,028
87,534
87,056

Apr.

5
12
19
26

35,916
35,899
36,251
36,359
36,456

,753
,744
,972
2,025
2,125

4,307
4,316
4,417
4,402
4,420

29,856
29,839
29,862
29,932
29,911

5,609
5,584
5,594
5,608
5,614

4,610
4,703
5,229
4,873
5,260

731
787
768
787
783

11,776
11,733
11,891
1 1 , 844
1 1 , 820

2,175
2,151
2,348
2,120
2,127

34
38
38
37
35

,140
,147
,144
,160
,202

87,000
86,960
88,107
87,772
88,330

May

3
10
17
24
31

36,183
36,505
36,935
36,638

2,005
2,250
2,523
2,641

3,141
3,173
3,220
2,916

31,037
31,082
31,192
31,081

5,685
5,689
5,709
5,738

4,671
5,806
5,140
4,876

781
831
792
818

11,940
12,139
12,021
11,884

2,146
2,391
2,344
2,198

35
40
46
49

,200
,207
,129
,134

87,733
89,713
89,377
88,919

June

7
14
21
28

36,152
36,248
36,222
35,727

2,405
2,522
2,496
2,025

2,264
2,231
2,217
2,200

31,483
31,495
31,509
31,502

5,767
5,869
5,958
5,930

5,233
5,694
5,386
5,235

754
854
797
816

12,118
12,088
11,972
12,250

2,294
2,458
2,198
2,156

50
50
48
53

,154
,155
,175
,186

89,255
89,885
89,451
89,724

July

5
12
19
26

35,496
35,154
35,078
34,894
35,082

1,831
1,599
1,502
1,761
2,297

2,134
2,063
2,072
1,702
1,359

31,531
31,492
31,504
31,431
31,426

5,970
6,029
6,133
6,176
6,235

5,192
5,175
6,107
5,583
5,279

757
808
767
801
830

12,153
12,120
12,056
12,395
12,126

2,180
2,099
2,292
2,156
2,184

54
56
76
76
84

,228
,243
,265
,243
,264

89,411
89,424
90,670
90,418
90,337

Aug.

2
9
16
23
30

34,698
34,840
34,869
33,845

2,301
2,889
3,091
2,391

1,288
1,318
1,358
1,156

31,109
30,633
30,420
30,298

6,243
6,267
6,383
6,420

5,212
6,493
6,191
5,600

804
857
825
855

12,370
12,544
11,899
12,472

2,162
2,408
2,278
2,139

97
106
95
108

,295
,316
,196
,196

90,396
92,566
92,006
91,137

Sept.

6
13
20
27

33,694
33,358
33,580
33,729

2,397
2,159
2,437
2,551

1,046
1,023
1,029
1,040

30,251
30,176
30,114
30,138

6,391
6,428
6,439
6,363

5,277
5,937
6,431
5,547

792
860
839
844

12,294
12,433
12,755
12,379

2,311
2,247
2,461
2,315

137
159
152
151

,233
,224
,243
,233

90,706
91,523
92,722
91,699

Oct.

4
11
18
25

33,535
33,392
33 , 349
33,306
32,984

2,481
2,353
2,280
2,263
2,044

1,048
1,066
1,085
1,104
1,124

30,006
29,973
29,984
29,939
29,816

6,315
6,307
6,277
6,326
6,353

5,861
6,001
7,453
5,857
5,755

793
871
835
826
912

12,404
12,313
12,610
12,351
12,504

2,222
2,251
2,606
2,214
2,213

146
143
143
141
130

,263
,259
,266
,261
,278

91,926
92,211
94,327
92,318
92,715

Nov.

1
8
15
22
29

32,924
33,439
33,854
33,674

2,058
2,638
2,894
2,778

1,014
805
779
787

29,852
29,996
30,181
30,109

6,303
6,302
6,444
6,516

5,741
6,553
6,358
7,179

879
998
972
1,005

12,778
13,075
12,823
12,738

2,268
2,674
2,696
2,589

128
122
133
127

,303
,298
,203
1,225

92,904
95,021
95,629
96,652

Dec.

6
13
20
27

1950

Digitized for FRASER


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

197

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Demand deposits
Total
demand
and
time
deposits

Date

Total
Adjusted

Unadjusted

I
U.S.
Individuals, States and
political
Government
partnerships,
and corps. subdivisions

Interbank
Domestic

Foreign

Certified
and
officers'
checks

1950
4
11
18
25

82,300
81,502
81,700
81,064

47,975
48 , 140
48,245
48,514

66,787
65,996
66,209
65 , 589

48,346
48,452
48 , 596
48,219

3,325
3,208
3,267
3,460

2,050
1,895
1,940
2,101

10,293 i
9,937
9,783
9,327

1
B
15
22

80,710
79,622
81,585
80,448

47,767
47,330
46,930
46,848

65,224
64,106
66,082
64,926

47,600
46,814
48,132
47,133

3,456
3,372
3,386
3,355

2,322
2,438
2,630
2,811

9,039 '
9,065
9,297
8,991

,221 (
,249 (

1,605
1,221
1,416
1,387

Mar,

1
8
15
22
29

80,318
79,168
81,983
79,571
78,630

46,926
46,711
47,236
46,468
46,162

64,793
63,614
66,433
64,030
63,095

47,193
46,558
48,235
46; 407
45,848

3,454
3,277 !
3,266
3,406 i
3,431

2,302
1,951
2,384
2,630
2,691

9,021
9,327
9,676
8,990
8,608

,246
,281
,272
,288
,248

1,577
1,220
1,600
1,309
1,269

Apr.

5
12
19
26

79,015
80,174
79,680
79,136

45,981
46,492
46,656
47,149

63,457
64,632
64,119
63,536

45,810
47,378
47,078
47,120

3,377
3,263
3,359
3,447

2,587
2,332
2,103
1,823

9,106
9,098
8,925
8,555

,260
,293
,318
,312

1,317
1,268
1,336
1,279

May

3
10
17
24
31

79,034
79,041
80,257
79,821
80,198

46,928
46,881
46,933
47,380
47,530

63,423
63,432
64,649
64,149
64,519

46,672
46,780
47,525
47,286
47,856

1,668
1,697
2,121
2,061 !j
1,982

8,966
8,898
9,107
8,576
8,477

,251
,253
,259
,259
,270

1,265
1,395
1,237
1,524
1,363

June

7
14
21
28

79,738
81,772
81,351
80,848

47,519
47,942
48,040
47,972

64,033
66,059
65,638
65,099

47,448
49,010
48,201
47,925

3,537
3,462
3,614
3,611

1,672
1,854
2,238
2,350

8,900
9,178 !
8,935 !
8,618

,271 j
,279
,285
,283

1,205
1,276
1,365
1,312

July

5
12
19
26

81,168
81,957
81,322
81,382

47,396
47,547
47,728
48,466

65,437
66,262
65,652
65,779

47,647
48,615
48,552
48,912

3,516
3,351
3,237
3,374

2,355
2,319
2,340
2,205

9,207
9,467
8,961
8,644

,246
,235
,237
,229

1,466
1,275
1,325
1,415

Aug.

2
9
16
23
30

81,134
81,120
82,487
82,148
82,120

48,264
48,351
48,098
48,561
48,995

65,542
65,546
66,903
66,579
66,564

48,555
48,597
49,479
49,078
49,368

3,443
3,342
3,263
3,219
3,321

1,946
1,812
2,127
2,546
2,390

8,884
8,949
9,118
8,614
8,624

,256 i
,259 !
,253
,275
,276

1,458
1,587
1,463
1,847
1,585

Sept.

6
13
20
27

82,045
84,390
83,583
82,790

48,581
49,269
49,030
49,238

66,513
68,867
68,056
67,236

49,186
51,134
50,623
50,198

3,244
3,146
3,150
3,245

2,357
2,424
2,236
2,338

9,059
9,368
9,319
8,737

,304
,313
,280
,323

1,363
1,482
1,448
1,395

Oct.

4
11
18
25

82,419
83,173
84,473
83,411

48,985
48,839
49,339
49,891

66,869
67,627
68,924
67,884

49,615
50,299
51,261
50,875

3,351
3,163
3,136
3,191

1,804 ;
2,018
1,851
1,712

9,436
9,455
9,911
9,319

,367
,378 i
,392
,415

1,296
1,314
1,373
1,372

Nov.

1
B
15
22
29

83,461
83,561
86,036
83,771
84,021

49,471
49,230
49,250
49,850
50,546

67,940
68,015
70,465
68,266
68,521

50,445
50,517
51,814
51,032
51,305

3,362
3,331
3,351
3,291
3,371

1,805
1,766
2,044
1,815
1,624 i

9,376
9,619
10,358
9,385
9,225

,427 '
,399
,360
,359
,371 i

1,525
1,383
1,538
1/384
1,625

Dec.

6
13
20
27

84,206
86,714
87,168
87,779

50,452
51,676
51,770
51,642

68,721
71,128
71,537
72,105 i
1

51,156
53,383
53.181
53;518

3,330
3,368
3,385
3,393

1,462
1,408
1,469
1,572

9,707
10,127
10,581
10,300

1,359 i
1,364
1,359
1,412

1,707
1,478
1,562
1,910

Jan.

Feb.

Digitized for FRASER


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

198

3,601
3,409
3,400
3,443
3,571

,302
9J2

^224
,214

,202

,196 ;

1,471
1,292
1,399
1,268

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Individ- States and


uals, part- political
nerships,
subdiviand corps.
sions

Borrowings

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1950
15,513
15,506
15,491
15,475

14,612
14,606
14,593
14,577

620
620
620
619

128
127
127
128

153
153
151
151

224
151
196
270

,081
,104
,110
,129

6,211
6,215
6,206
6,206

89,816
88,972
89,212
88,669

Jan.

4
11
18
25

15,486
15,516
15,503
15,522

14,578
14,607
14,594
14,614

627
628
626
627

128
128
128
128

153
153
155
153

458
325
493
257

,108
,109
,197
,207

6,233
6,242
6,217
6,222

88,509
87,298
89,492
88,134

Feb.

1
8
15
22

15,525
15,554
15,550
15,541
15,535

14,647
14,685
14,675
14,671
14,660

609
610
614
612
617

121
121
121
121
120

148
138
140
137
138

506
218
71
398
458

,219
,228
,212
,237
,248

6,229
6,244
6,234
6,240
6,254

88,272
86,858
89,500
87,446
86,590

Mar.

1
8
15
22
29

15,558
15,542
15,561
15,600

14,684
14,664
14,684
14,705

614
615
616
633

121
121
120
121

139
142
141
141

470
336
315
355

,208
,246
,273
,291

6,266
6,272
6,266
6,274

86,959
88,028
87,534
87,056

Apr.

5
12
19
26

15,611
15,609
15,608
15,672
15,679

14,717
14,711
14,713
14,732
14,738

633
637
636
637
636

122
121
120
123
122

139
140
139
180
183

364
300
235
323
417

,298
,314
,310
,315
,389

6,304
6,305
6,305
6,313
6,326

87,000
86,960
88,107
87,772
88,330

May

3
10
17
24
31

15,705
15,713
15,713
15,749

14,740
14,746
14,739
14,768

655
652
654
652

122
122
124
132

188
193
196
197

256
192
213
309

,402
,425
,407
,340

6,337
6,324
6,406
6,422

87,733
89,713
89,377
88,919

June

7
14
21
28

15,731
15,695
15,670
15,603

14,749
14,712
14,679
14,627

650
648
650
638

134
137
136
134

198
198
205
204

338
142
345
529

,303
,333
,348
,354

6,446
6,453
6,436
6,459

89,255
89,885
89,451
89,724

15,592
15,574
15,584
15,569
15,556

14,613
14,583
14,574
14,550
14,535

638
645
658
662
663

136
135
133
133
133

205
211
219
224
225

437
444
307
370
296

,368
,402
,420
,432
,445

6,472
6,458
6,456
6,468
6,476

89,411
89,424
90,670
90,418
90,337

Aug.

15,532
15,523
15,527
15,554

14,512
14,518
14,516
14,537

661
649
654
662

133
130
131
130

226
226
226
225

380
190
410
329

,479
,506
,529
,526

6,492
6,480
6,484
6,492

90,396
92,566
92,006
91,137

Sept.

15,550
15,546
15,549
15,527

14,537
14,539
14,543
14,520

655
655
653
652

129
126
126
126

229
226
227
229

205
282
170
194

1,575
1,562
1,582
1,582

6,507
6,506
6,497
6,512

90,706
91,523
92,722
91,699

Oct.

4
11
18
25

15,521
15,546
15,571
15,505
15,500

14,513
14,542
14,524
14,484
14,475

653
647
664
640
642

126
126
126
125
125

229
231
257
256
258

344
508
152
401
520

1,589
,600
,608
,614
,629

6,532
6,542
6,531
6,532
6,545

91,926
92,211
94,327
92,318
92,715

Nov.

1
8
15
22
29

15,485
15,586
15,631
15,674

14,466
14,510
14,520
14,578

637
640
643
642

126
126
126
126

256
310
342
328

495
126
316
738

,668
,661
,615
,597

6,535
6,520
6,530
6,538

92,904
95,021
95,629
96,652

Dec.

6
13
20
27

Digitized for FRASER


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

199

,1

19
26
2
9
16
23
30

6
20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

Total

Date
Total

Total
adjusted

Adjusted

Net

3
10
17
24
31

71,212
70,824
70,449
70,384
69,527

70,702
70,400
70,045
70,021
69,203

30,907
30,868
30,896
31,075
31,217

31,417
31,292
31,300
31,438
31,541

Feb.

7
14
21
28

69,225
69,24!
69,231
69,501

68,912
68,800
68,828
69,089

31,356
31,481
31,474
31,777

Mar.

7
14
21
28

69,290
69,538
70,447
70,198

68,748
69,173
69,942
69,773

Apr.

4
11
18
25

70,122
69,707
69,756
69,863

May

2
9
16
23
30

June

Commercial,
industrial,
n nd a gricultural

For purchasing or carrying


securities
To brokers and
dealers

To
others

Real
estate

Loans
to
banks

Memo :
val-

All
other

rcserves

U.S.
Govt.
securities

Other
securities

U.S.
Govt.
securities

Other
securities

17,871
17,934
17,983
18,029
18,131

512
487
426
487
533

1,066
987
1,015
1,041
1,021

174
162
159
164
167

576
577
582
582
587

5,280
5,287
5,298
5,298
5,299

510
424
404
363
324

5,865
5,876
5,878
5,921
5,928

31,669
31,922
31,877
32,18^

18,331
18,459
18,598
18,743

516
519
397
492

,012
,000
978
,006

167
175
174
171

577
575
575
577

5,303
5,326
5,327
5,331

313
441
403
412

5,899
5,875
5,869
5,900

31,603
31,808
32,182
32,282

32,145
32,173
32,687
32,707

18,689
18,956
19,174
19,202

274
231
218
279

,119
,113
,263
,233

163
150
145
146

533
578
576
572

5,326
5,342 i
5,371 '
5,369

542
365
505
425

5,893
5,886
5,884
5,930

444
448
449
449

69,527
69,388
69,352
69,398

32,254
32,058
31,977
32,013

32,849
32,377
32,381
32,478

19,196
19,262
19,198
19,127

243
138
124
196

,263
,095
,060
,071

144
132
129
127

577
595
602
597

5,365
5,382
5,406
5,420

595
319
404
465

5,921
5,907
5,913
5,932

455
453
455
457

70,108
69,392
69,582
69,493
69,369

69,"617
69,051
69,165
68,959
68,987

32,170
32,207
32,251
32,030
32,046

32,661
32,548
32,668
32,614
32,428

19,186
19,164
19,233
19,115
19,048

246
263
272
174
271

,113
,132
,087
,092
,061

125
125
123
123
12!

602
609
595
633
596

5,419
5,440
5,456
5,467
5,476

491 j!
341
417
534
382

5,935
5,930
5,941
5,932
5,928

456
456
456
456
455

6
13
20
27

69,037
69,492
70,434
70,635

68,673
69,054
69,950
70, H2

31,968
31,991
32,193
32,354

32,332
32,429
32,677
32,877

18,992
19,085
19,216
19,220

214
191
235
376

,048
,020
,036
,023

124
125
125
129 [

630
597
597
587

5,489
5,521 1
5,524 j
5,530

364
5,926
438 j 5,909
484
5,916
5,947
523

455
457
456
458

July

4
11
18
25

70,268
70,099
70,085
70,114

69,876
69,571
69,522
69,679

32,374
32,218
32,108
32,074

32,766
32,746
32,671
32,509

19,153
19,120
19,035
18,958

419
398
406
455

,091
,017
991 '
986

127
126
125
135

584
579
578
576

5,534
5,539
5,546
5,555

392
528 :
563
435

5,926
5,899
5,887
5,869

460
460
460
460

Aug.

I
8
15
22
29

70,100
70,028
70,305
70,331
70,488

69,776
69,610
69,763
69,869
69,970

32,163
32,062
32,218
32,305
32,398

32,487
32,480
32,760
32,767
32,916

19,124
19,170
19,379
19,503
19,502

349
239
205
209
268

1,041
981
950 '
905
902

127
129
129
131
128

573
565
564
562
570

5,545
5,555
5,561
5,571
5,584

324
418
542
462
518

5,865
5,882
5,891
5,887
5,906

461
459
461
463
462

Sept.

5
12
19
26

70,372
70,725
71,604
71,408

69,917
70,269
71,078
70,994

32,543
32,926
33,018
33,068

32,998
33,382
33,544
33,482

19,586
19,842
19,938
20,078

299
357
352
290

900
947
973
952

129
130
130
131

567
568
570
561

5,581
5,588
5,595
5,605

455
456
526
414

5,943
5,956
5,923
5,915

462
462
463
464

Oct.

3
10
17
24
31

71,223
71,085
71,508
72,606
72,648

70,669
70,760
71,035
72,031
72,021

33,090
33,176
33,325
33,350
33,456

33,644
33,501
33,798
33,925
34,083

20,171
30,314
20,489
20,472
20,571

225
157
121
119
134

953
949
955
975
943

123
128
128
124
127

567
564
565
565
557

5,615
5,618
5,633
5,638
5,653

554
325
473
575
627

5,902
5,913
5,912
5,935
5,950

466
467
478
478
479

Nov.

7
14
21
28

72,340
72,526
72,652
73,260

71,733
71,835
71,926
72,603

33,510
33,807
33,787
33,831

34,117
34,498
34,513
34,488

20,667
20,848
20,872
20,865

137
172
153
228

912
966
943
920

124
120
121
122

556
556
556
55S

5,655
5,675
5,671 '
5,670

607
691
726
657

5,939
5,949
5,950
5,949

480
479
479
481

Dec.

5
12
19
26

73,072
73,771
74,842
74,878

72,712
73,286
74,166
74,280

34,158
34,452
34,836
34,905

34,518
34,937
35,512
35,503

21,006
21,219
21,442
21,592

370
421
440
388

950
970
1,080
1,031

119
117
116
118

558
563
579
573

5,661
5,669
5,673
5,668 1

360
485
676
598

5,974
5,974
5,987
6,030

480
481
481
495

1951
Jan.

'

Digitized for FRASER


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

200

437
442
445
447
449
1

449
448
444
443

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

33,294
33,046
32,634
32,443
31,504

2,470
2,368
2,209
2,081
1,618

30,824
30,678
30,425
30,362
29,886

6,501
6,486
6,515
6,503
6,482

6,846
5,796
6,472
5,596
5,674

894
890
838
851
795

13,045
12,923
13,753
13,519
14,260

2,874
2,422
2,555
2,295
2,166

132
137
126
131
123

,235
,237
,252
,264
,302

96,238
94,229
95,445
94,040
93,847

Jan.

3
10
17
24
31

31,093
30,858
30,900
30,791

444
)402
,505
,577

29,649
29,456
29,395
29,214

6,463
6,461
6,454
6,521

5,042
7,276
5,693
6,340

818
882
833
823

14,145
13,945
13,981
14,173

2,113
2,362
2,177
2,203

121
118
123
132

,319
,317
,331
,383

92,783
95,141
93,369
94,555

Feb.

7
14
21
28

30,606
30,782
31,198
30,886

,479
,718
2,220
,933

29,127
29,064
28,978
28,953

6,539
6,583
6,562
6,605

5,690
7,017
5,647
5,587

828
871
834
872

14,056
14,518
14,339
14,150

2,273
2,518
2,368
2,118

124
135
126
129

,373
,377
,244
,279

93,634
95,974
95,005
94,333

Mar.

7
14
21
28

30,674
30,713
30,750
30,805

,812
,829
,842
,946

28,862
28,884
28,908
28,859

6,599
6,617
6,625
6,580

5,478
5,787
6,192
5,419

796
844
826
849

14,234
14,536
14,651
14,267

2,280
2,422
2,413
2,247

117
100
106
112

,284
,293
,295
,318

94,311
94,689
95,239
94,075

30,836
30,339
30,425
30,382
30,443

,971
,641
,742
,696
,769

28,865
28,698
28,683
28,686
28,674

6,611
6,505
6,489
6,497
6,498

5,493
5,042
6,567
5,278
5,659

795
839
821
845
861

13,960
13,864
14,044
13,741
13,712

2,217
2,161
2,378
2,229
2,129

108
110
99
112
113

,350
,348
,342
,336
1,364

94,031
92,756
94,833
93,034
93 , 207

May

2
9
16
23
30

30,207
30,555
31,186
31,176

1,806
2,147
2,800
2,745

28,401
28,408
26,804
26,846

6,498
6,508
6,571
6,582

5,210
6,264
5,844
5,515

832
883
843
890

14,216
14,463
14,513
14,249

2,331
2,635
2,474
2,242

111
113
109
110

1,372
1,378
1,258
1,285

93,109
95,228
95,475
94,926

June

1,582
1,585

6
13
20
27

30,886
30,697
30,739
30,949

2,457
2,338
2,325
2,500

1,573
1,553
1,539
1,499

26,856
26,806
26,875
26,950

6,616
6,656
6,675
6,656

6,099
5,717
5,921
5,196

812
911
858
863

14,205
14,288
14,243
14,091

2,299
2,338
2,433
2,320

100
99
103
111

1,291
1,274
1,264
1,280

95,074
94,726
94,907
93,975

30,997
30,920
30,949
30,983
30,930

2,648
2,592
2,670
2,716
2,593

2,224
2,299
2,252
2,246
2,239

26,125
26,029
26,027
26,021
26,098

6,616
6,628
6,596
6,581
6,642

5,842
5,020
6,174
5,125
4,851

807
839
829
852
896

14,051
14,226
14,184
14,119
14,092

2,318
2,289
2,478
2,290
2,151

107
114
117
112
116

1,308
1,335
1,334
1,333
1,342

94,533
93,851
95,421
94,162
93,936

30,768
30,722
31,333
31,212

2,436
2,368
2,962
2,934

2,219
2,186
2,538
2,493

26,113
26,168
25,833
25,785

6,606
6,621
6,727
6,714

5,625
6,659
6,131
5,851

847
916
881
912

13,794
14,035
14,633
14,317

2,278
2,471
2,478
2,311

110
114
96
88

1,390
1,385
1,240
1,255

94,416
96,305
97,063
96, 142

30,878
30,849
30,976
3 1 , 940
31,926

2,711
2,678
2,800
3,763
3,748

2,768
2,798
3,038
3,056
3,010

25,399
25,373
25,138
25,121
25,168

6,701
6,735
6,734
6,741
6,639

5,603
5,446
7,187
5,747
6,292

855
919
886
901
870

14,844
14,707
14,748
14,668
14,437

2,447
2,586
2,760
2,559
2,439

61
52
43
39
35

1,272
1,271
1,280
1,274
1,332

96,305
96,066
98,412
97,794
98,053

Oct.

3
10
17
24
31

31,596
31,457
31,524
32,082

3,455
3,336
3,346
3,949

2,982
2,990
3,010
2,994

25,159
25,131
25,168
25,139

6,627
6,571
6,615
6,690

5,666
7,694
6,576
5,828

896
981
874
987

14,385
14,555
14,569
14,462

2,439
2,661
2,417
2,315

53
53
58
60

1,331
1,352
1,351
1,385

97,110
99,822
98,497
98,297

Nov.

7
14
21
28

31,856
32,115
32,577
32,522

3,837
4,048
4,525
4,512

2,960
2,995
3,611
3,583

25,059
25,072
24,441
24,427

6,698
6,719
6,753
6,853

5,789
6,965
6,455
6,494

902
1,033
1,005
1,077

14,722
14,688
15,334
14,930

2,292
2,462
2,593
2,482

61
37
35
44

1,423
1,451
1,377
1,391

98,261
100,407
101,641
101,296

Dec.

5
12
19
26

1951

Digitized for FRASER


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

201

.?

18
25

,!

18
25

Aug.

1
8
15
22
29

,|
19
26

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions

Total
demand
and
time
deposits

Date

Demand deposits
Total
Adjusted

Unadjusted

U.S.
Individuals, States and
political
Government
partnerships,
and corps. subdivisions

Interbank
Domestic

'

Foreign

Certified
and
officers'
checks

1951
Jan.

3
10
17
24
31

87,674
85,768
86,923
85,404
84,696

51,292
51,306
51,702
51,684
51,232

71,962
69,986
71,190
69,679
68,970

52,810
52,130
53,202
52,276
51,760

3,480
3,427
3,428
3,513
3,657

1,194
1,089
,261
,398
,622

11,221
10,399
10,403
9,654
9,089

1,409
1,396
1,352
1,347
1,353

1,848
1,545
1,544
1,491
1,489

Feb.

7
14
21
28

83,819
86,427
84,717
85,684

50,781
50,510
50,491
50,649

68,090
70,733
69,029
69,983

50,767
52,684
51,285
51,813

3,619
3,574
3,541
3,640

,739
,983
2,462
2,588

9,181
9,637
9,050
9,034

1,347
1,327
1,333
1,372

1,437
1,528
1,358
1,536

Mar.

7
14
21
28

84,802
87,525
86,421
85,459

50,577
51,826
50,321
49,487

69,097
71,804
70,683
69,682

51,078
53,660
51,092
50,104

3,476
3,433
3,436
3,489

2,108
1,992
4,248
4,622

9,383
9,615
9,124
8,646

1,339
1,354
1,343
1,340

1,713
1,750
1,440
1,481

Apr,

4
11
18
25

85,667
86,266
86,696
85,388

49,042
49,205
49,870
50,214

69,920
70,507
70,950
69,657

49,511
50,346
51,039
50,645

3,488
3,365
3,521
3,686

4,957
4,821
4,241
3,882

9,024
9,299
9,271
8,765

1,419
1,395
1,376
1,377

1,521
1,281
1,502
1,302

May

2
9
16
23
30

85,183
83,879
85,742
84,120
84,217

50,163
49,572
49,350
49,865
50,034

69,490
68,167
70,041
68,440
68,513

50,257
49,552
50,932
50,189
50,591

3,950
3,792
3,685
3,719
3,857

3,520
3,149
3,380
3,197
3,005

8,971
9,057
9,392
8,761
8,476

1,343 1
1,347
1,352
1,339
1,339

1,449
1,270
1,300
1,235
1,245

June

6
13
20
27

84,494
86,505
86,742
86,071

50,286
51,133
50,875
49,916

68,759
70,700
70,908
70,191

50,455
52,606
51,791
50,500

3,680
3,584
3,537
3,589

2,723
2,397
3,569
4,679 ;

9,207
9,564
9,331
8,781

1,333
1,342
1,289
1,300

1,361
1,207
1,391
1,342

July

4
11
13
25

86,316
85,816
85,895
85,255

49,340
49,667
49,892
50,533

70,416
69,871
69,948
69,321

50,250
50,622
51,021
50,971

3,644
3,480
3,336
3,532

4,339
3,619
3,111
2,962

9,345
9,578
9,759
9,364

1,293
1,290
1,265
i;266

1 , 545
1,282
1,456
1,226

Aug.

1
8
15
22
29

85,552
84,988
86,355
85,193
84,878

50,383
50,185
49,909
50,296
50,976

69,623
69,033
70,400
69,234
68,860

50,860
50,410
51,573
50,914
51,174

3,644
3,457
3,331
3,331
3,362

2,673
2,812
3,010
2,959
2,609

9,472
9,772
10,061
9,604
9,189

1,253
1,244
1,246
1,250
11235

1,721
1,338
1,179
1,176
1,291

Sept.

5
12
19
26

85,332
87,173
87,824
87,152

50,584
51,420
51,357
50,533

69,321
71,160
71,778
71,071

51,479
53,473
52,801
51,696

3,331
3,236
3,247
3,300

2,082
1,548
2,833
3,747

9,802
10,311
10,259
9,739

1,228
1,222
1 , 198
1,201

1,399
1,370
1,440
1,388

Oct.

3
10
17
24
31

87,377
87,333
89,539
88,698
88,736

50,517
50,878
51,323
52,251
52,124

71,270
71,203
73,385
72,522
72,479

51,395
51,846
53,988
53,312
53,517

3,291
3,214
3,118
3,311
3,465

3,690
3,011
2,365
2,835
2,543

10,228
10,645
11,269
10,465
10,295

1,232
1,223
1,241
1,224
1,225

1,434
1,264
1,404
1,375
1,434

Nov.

7
14
21
28

87,783
90,306
89,012
88,638

52,175
52,249
52,357
53,040

71,505
74,034
72,794
72,409

53,086
55,163
54,031
53,964

3,485
3,387
3,315
3,466

1,855
1,795
2,104
2,241

10,591
11,057
10,505
10,074

1,218
1,239
1,252
1,226

1,270
1,393
1,587
1,438

Dec.

5
12
19
26

88,308
90,562
91,815
91,263

53 , 204
54,243
54,822
54,059

72,065
74,270 j
75,499
74,863

54,047
56,209
55,996
55,493

3,378
3,363
3,391
3,410

1,427
1,200
2,016
2,319

10,406
10,610
10,920
10,672

1,239
1,252
1,286
1,319

1,568
1,636
1,890
1,650

Digitized for FRASER


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

202

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Individ- States and


uals, part- political
subdivinerships,
and corps.
sions

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Borrowings

U.S.
Government

Interbank
Domestic

From
F. R.
Banks

Foreign

Other

Date

1951
15,712
15,782
15,733
15,725
15,726

14,615
14,632
14,578
14,537
14,533

644
659
661
685
689

127
127
127
126
128

326
364
367
377
376

469
370
414
517
982

1,572
,559
,587
,593
,627

6,523
6,532
6,521
6,526
6,542

96,238
94,229
95,445
94,040
93,847

Jan.

3
10
17
24
31

15,729
15,694
15,688
15,701

14,516
14,492
14,479
14,495

712
703
706
703

127
124
126
126

374
375
377
377

825
551
478
664

,580
,615
,640
,647

6,559
6,548
6,534
6,560

92,783
95,141
93,369
94,555

Feb.

7
14
21
28

15,705
15,721
15,738
15,777

14,499
14,513
14,527
14,555

700
700
700
697

126
126
127
127

380
382
384
398

647
281
462
717

,625
,617
,576
,603

6,560
6,551
6,546
6,554

93,634
95,974
95,005
94,333

Mar.

7
14
21
28

15,747
15,759
15,746
15,731

14,555
14,556
14,524
14,519

719
727
735
728

127
127
127
128

346
349
360
356

490
215
311
416

,583
1,625
,650
,681

6,571
6,583
6,582
6,590

94,311
94,689
95,239
94,075

15,693
15,712
15,701
15,680
15,704

14,477
14,494
14,485
14,473
14,485

732
735
741
734
746

129
130
128
130
131

355
353
347
343
342

567
591
797
580
664

,663
,657
,668
,704
,714

6,618
6,629
6,626
6,630
6,612

94,031
92,756
94,833
93,034
93,207

May

2
9
16
23
30

15,735
15,805
15,834
15,880

14,514
14,585
14,613
14,661

749
747
745
743

132
132
135
1,35

340
341
341
341

257
358
398
500

,729
,701
,660
,666

6,629
6,664
6,675
6,689

93,109
95,228
95,475
94,926

June

6
13
20
27

15,900
15,945
15,947
15,934

14,646
14,684
14,692
14,677

740
742
737
738

135
140
140
140

379
379
378
379

440
612
708
383

,619
,597
,606
,632

6,699
6,701
6,698
6,705

95,074
94,726
94,907
93,975

Ju ,y

15,929
15,955
15,955
15,959
16,018

14,673
14,690
14,685
14,708
14,741

740
742
743
733
751

138
139
143
143
143

378
384
384
375
383

627
457
634
551
602

,626
,669
,718
,700
,730

6,728
6,737
6,714
6,718
6,726

94,533
93,851
95,421
94,162
93,936

Aug.

16,011
16,013
16,046
16,081

14,736
14,736
14,761
14,795

746
740
737
734

145
147
148
147

384
390
400
405

540
631
785
518

,795
,763
,714
,721

6,749
6,738
6,740
6,751

94,416
96,305
97,063
96,142

16,107
16,130
16,154
16,176
16,257

14,831
14,847
14,874
14,878
14,958

728
726
723
720
719

149
151
152
151
152

399
406
405
427
428

450
210
324
502
644

,710
,758
,788
,805
,840

6,768
6,765
6,761
6,789
6,833

96,305
96,066
98,412
97,794
98,053

Oct.

3
10
17
24
31

16,278
16,272
16,218
16,229

14,971
14,963
14,918
14,915

718
719
706
720

156
157
157
157

433
433
437
437

628
770
739
870

,867
,921
,928
1,950

6,832
6,825
6,818
6,839

97,110
99,822
98,497
98,297

Nov.

7
14
21
28

16,243
16,292
16,316
16,400

14,939
14,986
15,022
15,104

716
724
714
715

161
163
163
163

427
419
417
418

1,093
974
957
1,177

2,022
2,039
2,042
2,019

6,838
6,832
6,827
6,837

98,261
100,407
101,641
101,296

Dec.

5
12
19
. 26

Digitized for FRASER


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

203

,t

18
25

4
18
25
1
8
15
22
29

,1
19
26

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,

(In millions
Loans
Loans and
investments

Total

Date
Total

Total
adjusted

Adjusted

Net

Commercial,
industrial,
and agricultural

For purchasing or carrying


securities
To brokers and
dealers

To
others

Real
estate

U.S.
Govt.
securities

Other
securities

U.S.
Govt.
securities

Other
securities

Memo :
valuation
reserves

All
other

Loans
to
banks

1952
Jan.

2
9
16
23
30

75,131
74,645
75,141
74,516
74,946

74,566
74,009
74,410
73,995
74,123

34,951
34,539
34,756
34,396
34,280

35,516
35,175
35,487
34,917
35,103

21,588
21,433
21,605
21,449
21,320

313
178
129
86
109

1,034
949
1,031
883
867

121
114
113
108
108

573
571
568
565
565

Feb.

6
13
20
27

74,682 74,144
74,598 I 74,019
74,418 73,862
74,449 73,758

34,318
34,331
34,430
34,358

34,856
34,910
34,986
35,049

21,271
21,307
21,311
21,322

108
140
258
179

984
915
897
905

106
107
103
104

563
565
567
563

Mar.

5
12
19
26

74,339
74,561
74,844
74,659

73,569
73,916
74,326
74,261

34,335
34,537
34,812
34,668

35,105
35,182
35,330
35,066

21,324
21,404
21,642
21,537

185
241
238
166

904
940
972
971

105
105
105
104

Apr.
P

2
9
16
23
30

74,024
73,844
74,029
74,004
74,265

73,482
73,289
73,625
73,595
73,824

34,623
34,545
34,649
34,711
34,701

35,165
35,100
35,053
35,120
35,142

21,345
21,221
21,221
21,044
20 966

207
266
315
476
539

1,078
1,069
,110
,166
,165

May

7
14
21
28

74,095
74,157
74,290
74,774

73,713
73,675
74,785
74,309

34,648
34,634
34,560
34,770

35,030
35,116
35,065
35,235

20,892
20,874
20,800
20,697

597
561
457
656

June

4
1]
18
25

74,657
74.882
751928
76,344

74,274
74,460
75,305
75,712

34,626
34,637
35,018
35,317

35,009
35,059
35,641
35,949

20,591
20,687
20,946
20,955

July

2
9
16
23
30

78,448
77,676
77,596
77,149
77,078

77,686
77,092
76,924
76,724
76,682

36,103
35,668
35,475
35,408
35,320

36,865
36,252
36,147
35,833
35,716

Aug.

6
13
20
27

76,605
76,534
76,288
76,440

76,007
75,899
75,646
75,818

35,338
35,284
35,183
35,354

Sept.

3
10
17
24

76,130
76,250
76,960
76,488

75,515
75,661
76,091
75,795

Oct.

I
8
15
22
29

76,723
78,349
78,606
77,909
77,954

Nov.

5
12
19
26
3
10
17
24
31

Dec.

Digitized for FRASER


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

5,733
5,737
5,744
5,750
,5,745

565
636
731
521
823

6,132
6,103
6,111
6,103
6,114

543
546
545
548
548

5,735
5,747 1
5,736
5,729

538
6,101
579 i 6,100
556 i 6,109
691 | 6,106

550
550
551
550

562
565
564
565

5,719
5,720
5,723
5,730

770
645
518
398

6,090
6,116
6,123
6,153

554
554
555
558

119
107
107
106
97

567
566
572
573
572

5,735
5,736
5,756 I
5,758
5,753

542
555
404
409
441

6,130
6,137
6,125
6,144
6,166

558
557
557
556
557

,118
,136
,185
,238

95
97
98
96

572
572
572
571

5,756
5,765
5,760 !|
5,771

382
482 f
505
465

6,175
6,186
6,246
6,299

557
557
558
558

571
536
560
724

,283
,185
,227
,306

96
95
105
106

567
564
557
559

5,768
5,778
5,787
5,806

383
422
623
632

6,308
6,350
6,395
6,420

558
558
559
559

20,738
20,750
20,808
20,799
20,756

1,386
1,039
813
730
626

,421
,343
,316
,316
,373

226
217
215
200
157

574
570
571
571
571

5,812
5,822
5,825
5,839
5,850

762
584
672
425
396

6,507
6 ",488
6,491
6,517
6,552

561
561
564
564
565

35,936
35,919
35,825
35,976

20,834
20,900
20,978
21,108

383
317
260
282

,525
,456
,243
,221

149
140
135
137

578
574
654
655

5,860
5,882
5,890
5,897

598
635
642
622

6,574
6,580
6", 589
6,621

565
565
566
567

35,472
35,734
36,038
36,004

36,087
36,323
36,907
36,697

21,200
21,419
21,692
21,782

246
266
234
164

,225
,207
,230
,145

139
133
136
135

662
656
646
649

615
5,911
5,946
589
5,953
869
5,963 | 693

6,656
6,675
6,715
6,733

567
568
568
567

75,896
77,671
77,804
77,359
77,333

36,254
36,535
36,891
36,866
37,018

37,081
37,213
37,693
37,416
37,639

21,854
21,990
22,236
22,333
22,457

184
274
294
259
271

,238
,281
,300
,206
,173

132
130
129
US
116

646
645
650
649
635

5,977
5,986
6,006
6,020
6,032

827
678
802
550
621

6,789
6,798
6,847
6,852
6,904

566
569
571
571
570

77,995
77,971
78,081
79,447

77,565
77,525
77,582
78,986

37,364
37,675
37,817
38,004

37,794
38,121
38,316
38,465

22,670
22,911
23,043
23,058

379
395
368
508

,153
,187
,194
,200

116
112

no
112

632
631
632
629

6,035
6,061
6,078
6,078

430
446
499
461

6,951
6.950
6,965
6,993

572
572
573
574

79,248
79,338
79,977
79,803
79,486

78,815
78,915
79,344
79,285
79,335

38,019
38,290
38,535
38,785
38,953

38,452
38,693
39,168
39,303
39,104 :

23,130
23,321
23,423
23,494
23,390

431
422
480
552
709

,181
,197
,226
1,232
1,293

110
113
116
126 i
153

624
626
644
653
654

6,081
6,085
6,073
6,096
6,095

433
423
633
518
151

7,039
7,082
7,151
7,201
7,253

577
576
578
569
594

i!

204

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with

U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

32,682
32,541
32,756
32,649
32,900

4,193
4,148
4,296
4,169
4,393

3,651
3,613
3,663
3,714
3,760

24,838
24,780
24,797
24,766
24,747

6,933
6,929
6,898
6,950
6,943

7,929
5,537
6,812
5,612
5,581

1,002
991
925
920
926

15,043
15,078
15,166
15,428
14,935

2,963
2,674
2,801
2,698
2,415

48
57
56
51
46

1,420
1,415
1,436
1,437
1,469 i

103,536
100,397
102,337
100,662
100,318

Jan.

2
9
16
23
30

32,833
32,651
32,431
32,357

4,302
4,108
3,905
3,920

3,812
3,857
3,902
3,868

24,719
24,686
24,624
24,569

6,993
7,037
7,001
7,043

5,298
7,467
6,067
5,985

868
964
909
944

14,935
14,962
14,909
14,659

2,329
2,519
2,402
2,392

43
42
44
37

1,477
1,492
1,520
1,548

99,632
102,044
100,269
100,014

Feb.

6
13
20
27

32,173
32,312
32,416
32,420

3,822
4,018
4,195
4,152

3,762
3,744
3,773
3,783

24,589
24,550
24,448
24,485

7,061
7,067
7,098
7,173

5,601
6,540
6,076
5,679

852
920
896
905

14,660
14,687
15,722
15,147

2,376
2,499
2,787
2,726

40
35
37
38

1,552
1,547
1,440
1,439

99,420
100,789
101,802
100,593

Mar.

5
12
19
26

31,604
31,454
31,690
31,671
31,917

3,465
3,341
3,578
3,494
3,688

3,675
3,636
3,675
3,709
3,752

24,464
24,477
24,437
24,468
24,477

7,255
7,290
7,286
7,213
7,206

5,865
5,481
6,990
6,189
6,391

839
896
886
895
865

14,644
14,552
15,067
14,848
14,901

2,692
2,398
2,541
2,292
2,320

40
41
37
40
36

1,470
1,454
1,456
1,446
1,465

99,574
98,666
101,006
99,714
100,243

Apr.

2
9
16
23
30

31,845
31,854
32,035
32,174

3,477
3,445
3,532
3,601

3,801
3,779
3,793
3,796

24,567
24,630
24,710
24,777

7,220
7,187
7,190
7,365

5,406
6,603
6,281
6,096

870
931
884
960

14,936
14,859
15,106
14,770

2,286
2,475
2,333
2,334

41
43
40
36

1,464
1,464
1,473
15,04

99,098 , May
100,532
100,407
100,474

7
14
21
28

32,359
32,504
32,850
32,934

3,738
3,907
4,072
4,111

3,763
3,756
3,766
3,723

24,858
24,841
25,012
25,100

7,289
7,319
7,437
7,461

6,089
6,196
7,084
6.. 261

957
1,012
963
997

14,848
14,838
15,959
14,959

2,340
2,399
2,572
2,388

44
41
39
40

1,525
1,515
1,422
1,428

100,460
100,883
103,967
102,417

June

4
11
18
25

34,044
33,820
33,862
33,719
33,726

3,789
3,472
3,540
3,419
3,366

3,954
3,904
3,855
3,799
3,763

26,301
26,444
26,467
26,501
26,597

7,539
7,604
7,587
7,597
7,636

6,932
6,012
6,898
5,810
5,839

920
993
942
955
978

15,047
15,140
15,215
15,157
15,309

2,565
2,436
2,518
2,348
2,280

38
31
35
31
31

1,417
1,403
1,412
1,412
1,447

105,367
103,691
104,616
102,862
102,962

July

2
9
16
23
30

33,040
32,951
32,808
33,683

2,892
2,840
2,810
2,753

3 , 548
3,512
3,424
3,403

26,600
26,599
26,574
26,527

7,629
7,664
7,655
7,781

5,384
6,370
5,836
5,514

909
964
924
979

15,013
14,895
15,093
14,683

2,381
2,483
2,371
2,286

31
37
39
38

1,458
1,461
1,448
1,478

101,781
102,744
101,999
101,418

Aug.

6
13
20
27

32,368
32,223
32,360
32,127

2,625
2,530
2,830
2,632

3,268
3,208
3,126
3,121

26,475
26,485
26,404
26,374

7,675
7,704
7,693
7,664

6,032
6,121
7,357
5,860

938
995
926
953

14,578
15,022
15,610
15,312

2,346
2,398
2,755
2,685

45
33
38
35

1,500
1,514
1,398
1,411

101,569
102,333
105,044
102,744

Sept.

3
10
17
24

32,018
33,534
33,315
32,893
32,819

2,568
4,158
4,049
3,714
3,681

2,666
2,584
2,543
2,474
2,482

26,784
26,792
26,723
26,705
26,656

7,624
7,602
7,598
7,600
7,496

7,072
6,071
8,927
6,611
6,209

896
930
956
948
1,001

14,850
14,917
15,195
15,407
15,171

2,424
2,410
2,726
2,435
2,369

37
37
37
39
43

1,432
1,406
1,379
1,398
1,429

103,434
104,120
107,826
104,747
104,176

Oct.

1
8
15
22
29

32,745
32,480
32,321
33,517

3,622
3,428
3,390
4,574

2,463
2,468
2,490
2,467

26,660
26,584
26,441
26,476

7,456
7,370
7,444
7,465

7,222
8,381
7,083
6,928

928
1,044
969
986

14,998
15,067
15,293
15,595

2,441
2,579
2,553
2,392

39
37
39
35

1,470
1,473
1,486
1,505

105,093
106,552
105,504
106,888

Nov.

5
12
19
26

33,420
33,290
33,396
33,091
32,967

4,545
4,495
4,568
4,336
4,163

2,488
2,470
2,474
2,453
2,467

26,387
26,325
26,354
26,302
26,337

7,376
7,355
7,413
7,409
7,415

6,395
6,566
7,308
7,251
8,812

987
1,084
1,084
966
1,013

15,553
15,491
15,676
15,792
14,549

2,414
2,395
2,618
2,524
3,079

38
39
30
55
73

1,533
1,551
1,464
1,460
1,469

106,168
106,464
108,157
107,851
108,481

Dec.

3
10
17
24
31

1952

Digitized for FRASER


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

205

WEEKLY REPORTING BANKS


4,1 ASSETS AND
A. MEMBER BANKS,
(In millions

Total
demand
and
time
deposits

Date

Demand deposits.
Total
Adjusted

Unadjusted

U.S.
Individuals, States and
political
partnerships,
Government
and corps. subdivisions

Interbank
Domestic

Certified
and
officers'
checks

Foreign

1952
Jan.

2
9
16
23
30

94,158
90,854
92,751
91,288
90,519

54,098
54,429
55,277
55,327
55,041

77,463
74,102
76,043
74,560
73,774

56,271
55,079
57,020
55,959
55,504

3,632
3,499
3,544
3,590
3,747

2,257
1,631
1,269
1.36S
1,671

11,831
11,212
11,393
10,979
10,220

,348 '
,293
,292 ,
,274
,261

2,124
,388
,525
,390
,371

Feb.

6
13
20
27

90,010
91,931
90,318
89,963

54,220
53,811
53,269
53,387

73,218 I
75,119
73,485
73,085

54,373
55,997
54,163
54,335

3,777
3,709
3,583
3,651

2,133
2,334
2,881
2,585

10,327
10,288
10,027
9,899

,240
,219 i
,241 !
,229 i

,368
,572
,590
,386

Mar.

5
12
19
26

89,242
90,826
92,356
91,242

53,329
54,114
53,702
52,615

72,313
73,817
75,345
74,220

53,931
55,610
54,832
53,177

3,538
3,459
3,422
3,581

1,977
1,708
3,616
4,491

10,160
10,215
10,704
10,182

,246
,240
,247
,253

,461
,585
,524
,536

Apr.

2
9
16
23
30

90,126
89,108
91,158
89,660
90,346

51,856
51,883
52,523
52,863
53,026

73,109
72,074 i
74,120
72,620
73,274

52,409
52,287
54,262
53,354
53,608

3,763
3,640
3,719
3,820
4,123

3,715
3,381
3,169
2,922
3,221

(0,422
10,046
10,176
9,377
9,373

,251
,283
,262
,269
,263

,549
,437
,532
,878
,686

May

7
14
21
28

88,828
90,498
90,532
90,340

52,599
52,662
52,881
53,565

71,731
73,387
73,377
73,126

52,489
53,926
53,470
53,840

4,065
3,957
3,919
4,067

2,735
2,957
3,474
2,945

9,749
9,943
9,459
9,219

,242
,222
,282
,301

,451
,382
,773
,754

June

4
11
18
25

90,238
90,734
93,821
92,607

53,216
53,905
54,637
53,575

72,995
73,456
76,516
75,263

53,913
55,069
56,039
53,975

3,854
3,643
3;615
3,857

2,731
2,283
3,233
4,465

9,666
9,811
10,302
9,680

,293
,261
,260
,282

,538
,389
,067
,004

July

2
9
16
23
30

95,289
93,592
94,158
92,602
92,432

52,409
52,451
52,707
53,166
53,479

77,923
76,235
76,790
75,208
75,040

53,509
53,143
54,620
53,874
53,879

3,749
3,697
3,489
3,538
3,750

6,995
6,187
5,691
5,255
4,860

10,322
10,310
10,248
9.732
9,541

,265
^246 i
,245
,321 |

,083
,623
,496
,564
,689

Aug.

6
13
20
27

91,502
92,552
91,613
91,169

52,571
52,544
52,468
53,116

74, 107
75,145
74,214
73,742

52,867
54,056
53,396
53,838

3,772
3,510
3,497
3,512

4,712
4!522
4,634
4,130

10,099
10,350
9,963
9,693

,341
,359
,313
,289

,316
,348
,411
,280

Sept.

3
10
17
24

91,203
92,008
94,987
92,829

52,982
53,634
53,932
52,990

73,744
74,506
77,470
75,266

53,941
54,923
56,098
54,042

3,609
3,497
3,407
3;386

3,186
2,839
3,675
4,533

10,197
10,587
11,214
10,565

,347
,325
,292 i
,318

,464
,335
,784
,422

Oct.

1
8
15
22
29

93,120
93,507
97,338
94,133
93,449

53,024
52,880
53,368
53,948
54,314

75,515
75,837
79,658
76,425
75,714

54.526
53,910
57,203
55,605
55,508

3,568
3,427
3,339
3,486
3,614

3,601
4,737
4,473
3,739
3,487

10,478
10,805
11,538
10,768
10,338

,340
,344 ;
,352 >
,359
,366

,002
,614
,753
,468
,401

Nov.

5
12
19
26

94,034
95,618
94,547
95,876

53,760
54,042
53,956
54,688

76,211
77,789
76,745
78,054

55,633
57,100
55,810
56,306

3,736
3,581
3|529
3,604

3,100
2,966
3,379
4,751

10,792
11,043
10,999
10^352

,337
,357
,328
,335

,613
,742
,700
,706

Dec.

3
10
17
24
31

95,161
95,298
97,465
96,628
98,974

55,125
55,866
56,566
55,448
55,373

77,340
77,439
79,540
78,651
80,855

56,171
57,222
58,576
57,446
58,264

3,610
3,507
3,512
3,579
3,798

3,836
3,007
3,109
3,544
3,567

10,643
10.655
11 , 194
U,038
11,693

,341
,345 !
,363 ,
,370
,410 i

Digitized for FRASER


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

206

,739
,703
,786
,674
2,123

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Borrowings

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1952
16,695
16,752
16,708
16,728
16,745

15,404
15,451
15,412
15,427
15,429

716
725
725
727
733

162
164
156
163
166

413
412
415
411
417

500
658
706
450
825

1,955
1,954
1,959
1,998
2,030

6,923
6,931
6,921
6,926
6,944

103,536
100,397
102,337
100,662
100,318

Jan.

2
9
16
23
30

16,792
16,812
16,833
16,878

15,466
15,486
15,486
15,528

745
74fr
762
766

165
166
169
169

416
414
416
415

654
1,088
911
959

2,010
2,059
2,090
2,123

6,958
6,966
6,950
6,969

99,632
102,044
100,269
100,014

Feb.

6
13
20
27

16,929
17,009
17,011
17,022

15,578
15,656
15,659
15,664

762
763
761
764

171
170
170
170

418
420
421
424

1,035
902
485
355

2,167
2,084
1,981
2,004

6,976
6,977
6,980
6,992

99,420
100,789
101,802
100,593

Mar.

5
12
19
26

17,017
17,034
17,038
17,040
17,072

15,641
15,660
15,669
15,677
15,700

769
771
770
768
772

169
170
172
171
172

438
433
427
424
428

465
571
851
1,059
872

,974
1,971
,984
,977
,975

7,009
7,016
7,OJ3

Apr.

7,050

99,574
98,666
101,006
99,714
100,243

2
9
16
23
30

17,097
17,111
17,155
17,214

15,728
15,726
15,766
15,813

768
784
782
785

173
171
175
175

428
430
432
441

1,210
954
799
1,021

1,988
2,015
2,013
2,034

7,072
7,065
7,063
7,079

99,098
100,532
100,407
100,474

May

7
14
21
28

17,243
17,278
17,305
17,344

15,842
15,867
15,892
15,939

779
775
775
767

174
176
175
178

448
460
463
460

1,095
1,062
1,059
717

2,037
1,998
2,000
1,999

7,090
7,089
7,087
7,094

100,460
100,883
103,967
102,417

June

4
11
18
25

17,366
17,357
17,368
17,394
17,392

15,947
15,934
15,928
15,951
15,947

768
770
781
783
784

179
179
1,82
182
186

472
474
477
478
475

1,025
1,104
1,436
1,216
1,499

,945
,896
,939
,947
,927

7,108
7,099
7,083
7,097
7,104

105,367
103,691
104,616
102,862
102,962

July

2
9
16
23
30

17,395
17,407
17,399
17,427

15,973
15,973
15,965
15,984

778
111
772
771

183
189
189
190

461
468
473
482

1,202
1,106
1,281
1,139

,952
,963
,985
1,983

7,125
7,123
7,120
7,127

101,781
102,744
101,999
101,418

Aug.

6
13
20
27

17,459
17,502
17,517
17,563

16,012
16,046
16,066
16,108

770
772
764
764

190
188
193
192

487
496
494
499

1,254
1,166
892
709

1,960
2,012
2,023
2,058

7,152
7,147
7,142
7,148

101,569
102,333
105,044
102,744

Sept

3
10
17
24

17,605
17,670
17,680
17,708
17,735

16,144
16,212
16,220
16,249
16,266

761
752
744
742
743

190
191
191
191
189

510
515
525
526
537

1,071
1,376
1,229
1,345
1,405

2,066
2,049
2,078
2,084
2,119

7,177
7,188
7,181
7,185
7,203

103,434
104,120
107,826
104,747
104,176

Oct.

I
8
15
22
29

17,823
17,829
17,802
17,822

16,342
16,327
16,272
16,295

747
748
754
751

192
194
195
195

542
560
581
581

1,718
1,618
1,634
1,632

2,117
2,091
2,116
2,163

7,224
7,225
7,207
7,217

105,093
106,552
105,504
106,888

Nov.

5
12
19
26

17,821
17,859
17,925
17,977
18,119

16,289
16,324
16,385
16,440
16,569

756
756
764
764
763

196
195
195
196
201

580
584
581
577
586

1,626
1,756
1,296
1,824
145

2,143
2,190
2,174
2,165
2,104

7,238
7,220
7,222
7,234
7,258

106,168
106,464
108,157
107,851
108,481

Dec,

3
10
17
24
31

Digitized for FRASER


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

207

riots

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In inillionK
Loans
Loans and
investments

Total

Date
Total

Total
adjusted

Adjusted

Net

Commercial,
industrial,
and agricultural

For purchasing or carrying


securities

"

'

1
,i

To brokers and
dealers

! Loans !i

To
others

Real
estate i

U.S.
Govt.
securities

Other
securities

U.S.
Govt.
securities

Other
securities

All
to
other
banks i

Memo :
valuation
reserves

1
1

1953
Jan,

7
14
21
28

79,095
78,955
78,728
78,313

78,645
78,417
78,103
77,833

38,445
38,227
38,165
38,207

38,895
38,765
38,790
38,687

23,159
23,188
23,087
23,011

468
283
257
331

1,271
1,179
1,195
1,212

137
132
136
134

657
659
663
665

6,094
6,106
6,104
6,120

450
538
625
480

7,260
7,281
7,324
7,335

601
601
601
601

Feb.

4
11
18
25

77,958
77,878
78,014
77,711

77,593
77,483
77,283
77,003

38,235
38,290
38,161
38,067

38,600
38,685
38,892
38,775

22,952
22,989
22,881
22,869

408
426
351
287

1,178
1,179
1,204
1,172

132
135
134
134

678
666
665
661

6,121
6,122
6,135
6,147

365
395
731
708

7,369
7.377
7,395
7,405

603
604
604
608

Mar.

4
11
18
25

77,534
77,844
78,010
77,808

76,965
77,455
77,395
77,032

38,201
38,584
38,826
38,812

38,770
38,973
39,441
39,588

22,922
23,139
23,418
23,337

1,482
1,589
1,505
1,513

796
791
792
792

6,156 *
6,167
6,159
6,173

569
389
615
776

7.455
7.507
7,561
7,607

610
609
609
610

Apr.

1
8
15
22
29

76,827
76,882
76,925
76,412
76,301

76,050
76,423
76,493
75,919
75,690

38,870
39,049
39,162
38,884
38,826

39,647
39,508
39,594
39,377
39,437

23,269
23,297
23,287
23,156
23,133

1,561
1,703
I/?56
1,612
1,540

8()8
797
SC)7
796
789

6,176
6,180
6.210
, 6; 206 1
6,214 -,

777
459
432
493
611

7,665
7,681
7,711 I
7,723
7,760

609
609
609
609
610

May

6
13
20
27

76,238
75,809
76,017
75,879

75,685
75,435
75,136
75,009

38,955
38,889
38,804
38,671

39,508
39,263
39,685
39,541

23,139
23,083
22,965
22,836

1,633
l , f>74
1,625
1,564

796
8()2
789
784

6,214 i
6,227
6,246
6,260

553
374
SSI
870

7,784
7,812
7,789
7,838

611
609
610
611

June

3
10
17
24

75,981
76,466
76,640
76,065

75,051
75,597
76,023
75,355

38,509
38,797
39,037
38,733

39,439
39,666
39,654
39,443

22,690
22,732
22,985
22,797

1,547
1,762
1," 16
1,567

779
767
Iti9
746

6,257
6,274
6,293
6,304

930
B69
617
710

7.847
7; 872
7.893
7>38

611
610
619
619

July

1
8
15
22
29

76,545
76,067
80,048
79,992
79,606

75,597
75,300
79,620
79,337
79,160

38,701
38,599
38,840
38,968
38,935

39,649
39,366
39,268
39,623
39,381

22,585
22,590
22,651
22,671
22,643

1,719
M.03
1,764
M 63
1,830

755
7^17
751
7(54
763

6,302
6,306
6,322
6,322
6,326

948 i
767
428
655
446

7,960
7,973
7.972
7,967
7,992 !

620
620
620
619
619

Aug.

5
12
19
26

79,870
79,814
79,349
79,301

79,200
79,133
78,738
78,647

39,141
39,282
39,123
39,033

39,811
39,963
39,734
39,687

22,799
22,912
22,940
22,891

1,878
1,882
1,1ri4
1,666

740
746
7^ts
735

6,321
6,343
6,348
6,358

670
681
611
654

8,022
8,020
7,997
8,005

619
621
621
622

Sept.

2
9
16
23
30

79,385
79,138
79,482
78,916
78,901

78,623
78,493
78,805
78,087
78,499

39,305
39,454
39 , 584
39,113
39,303

40,067
40,099
40,261
39,942
39,705

22,965
22,957
23,295
23,035
23,103

1,850
2,0 17
1,802
M 15
1,763

732
73 1
737
72 9
726

6,365
6,372
6,383
6,392 |
6,397

762
645
677 1
829
402

8,016
7,999 '
7,988 i
7,963
7,935

623
622
621
621
621

Oct.

7
14
21
28

79,115
78,902
79,072
79,538

78,343
78,246
78,222
78,732

39,402
39,381
39,079
39,488

40,174
40,037
39,929
40,294

23,146
23,201
23,112
23,301

1,792
1,696
1,460
1,663

734
732
72 g
724

6,398
6,418
6,425
6,438

772
656
850 '
806

7,953 '
7,955
7,975
7,983

621
621
621
621

18
25

79,413
80,494
80,540
80,371

78,858
79,759
79,822
79,810

39,669
39,915
39,793
39,649

40,224
40,650
40,511
40,210

23,315
23,340
23,377
23,205

1,847
2,003
1,8 61
1,869 .

720
77 3
75 5
762

6,427
6,445
6,457
6,462

555 '
735
718
561

7,982
7,975
7,965
7,971

622
621
622
620

2
9
16
23
30

80,522
80,386
81,058
80,896
81,302

79,819
79,662
80,344
80,226
80,656

39,565
39,587
39,846
40,037
40,374

40,268
40,311
40,560
40,707
41,020

23.134
23,081
23,130
23,361
23,380

1,877
1,947
2,1 35
2,0 16
2,248

748
753
75 7
82 7
868

6,449
6,458 i
6,473
6,461
6,481

703
724 i
714
670
646

7,978
7,970
7,973 1
7,995
8,019

62 t
622
622
623
622

Nov.

Dec.

Digitized for FRASER


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

208

|
1

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with

U.S. Government securities


Cash
items
Certificates

Notes

in

Other
securities

process
of collect ion

Currency
and

coin

Reserves
with
F.R.
Banks

Do-

mestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

32,841
32,740
32,453
32,143

4,152
4,082
3,925
3,710

2,452
2,482
2,474
2,458

26,237
26,176
26,054
25,975

7,359
7,450
7,485
7,483

6,091
7,241
6,673
5,891

1,018
1,017

2,445
2,606
2,544
2,344

58
53
54
53

1,461
1,467
1,461
1,472

105,521
106,450
105,638
104,161

Jan.

953
978

15,353
15,111
15,225
15,110

31,885
31,729
31,535
31,478

3,464
3,281
3,224
3,156

2,496
2,567
2,299
2,271

25,925
25,881
26,012
26,051

7,473
7,464
7,587
7,458

5,794
6,637
6,843
6,805

902
956
929
992

15,146
14,917
14,879
14,701

2,307
2,321
2,487
2,410

60
58
56
40

1,508
1,525
1,499
1,509

103,675
104,292
104,707
104,168

Feb.

31,276
31,328
31,014
30,650

3,010
3,144
2,855
2,595

2,234
2,218
2,239
2,169

26,032
25,966
25,920
25,886

7,488
7,543
7,555
7,570

6,294
6,566
7,111
6,289

904
953
935
931

14,711
14,850
15,452
14,832

2,351
2,386
2,516
2,318

40
43
42
45

1,547
1,559
1,421
1,448

103,381
104,201
105,487
103,671

Mar.

29,547
29,736
29,622
29,384
29,249

,701
,852
,832
,659
,583

2,115
2,158
2,115
2,062
2,038

25,731
25,726
25,675
25,663
25,628

7,633
7,638
7,709
7,651
7,615

6,689
6,920
7,843
6,339
6,232

883
924
916
931
973

14,038
14,320
14,574
14,266
14,247

2,635
2,291
2,508
2,372
2,324

46
45
42
41
43

1,466
1,469
1,473
1,455
1,485

102,584
102,851
104,281
101,816
101,605

Apr.

29,185
29,040
28,822
28,775

,539
,510
,422
,443

2,011
1,961
1,970
1,971

25,635
25,569
25,430
25,361

7,545
7,506
7,510
7,563

5,883
7,029
6,472
5,951

892
977
924
973

14,480
14,578
14,471
14,496

2,308
2,365
2,379
2,328

51
50
40
40

1,499
1,494
1,489
1,501

101,351
102,302
101,792
101,168

May

29,144
29,383
29,528
29,211

2,043
2,276
2,604
2,327

1,850
1,843
2,044
2,040

25,251
25,264
24,880
24,844

7,398
7,417
7,458
7,411

6,038
6,379
7,248
6,137

893
955
931
965

14,537
14,860
15,505
14,872

2,347
2,604
2,822
2,652

44
47
43
45

1,512
1,514
1,392
1,407

101,352
102,825
104,581
102,143

June

29,501
29,262
33,326
32,911
32,705

2,514
2,309
3,085
2,956
2,855

2,090
2,095
5,227
5,030
4,985

24,897
24,858
25,014
24,925
24,865

7,395
7,439
7,454
7,458
7,520

7,467
5,860
8,028
6,201
5,884

887
936
935
937
977

14,558
14,484
14,124
14,585
14,394

2,672
2,476
2,919
2,446
2,315

48
45
41
38
43

1,402
1,386
1,397
1,410
1,440

103,579
101,254
107,492
105,609
104,659

July

32,536
32,333
32,098
32,005

2,820
2,667
2,492
2,433

4,904
4,813
4,775
4,729

24,8t2
24,853
24,831
24,843

7,523
7,518
7,517
7,609

5,907
6,753
6,340
5,791

881
949
926
957

14,385
14,333
14,446
14,364

2,346
2,481
2,444
2,354

43
40
43
45

1,458
1,473
1,469
1,495

104,890
105,843
105,017
104,307

Aug.

31,797
31,512
31,604
31,393
31,663

2,289
2,106
2,237
2,034
2,317

4,705
4,691
5,607
5,591
5,522

24,803
24,715
23,760
23,768
23,824

7,521
7,527
7,617
7,581
7,533

6,034
6,402
8,117
6,619
7,391

899
954
950
965
936

14,139
13,929
14,383
14,186
14,212

2,441
2,513
2,756
2,632
2,604

38
40
43
46
50

1,542
1,533
1,472
1,459
1,512

104,478
104,509
107,203
104,823
105,606

Sept.

31,359
31,319
31,588
31,795

2,097
2,013
2,222
2,388

5,446
5,438
5,477
5,502

23,816
23 , 868
23,889
23,905

7,582
7,546
7,555
7,449

6,401
8,292
6,819
6,545

1,018

925

14,094
14,254
14,272
14,160

2,516
2,805
2,650
2,617

48
45
42
47

1,488
1,467
1,470
1,515

104,587
106,783
105,279
105,426

Oct.

31,652
32,448
32,605
32,745

2,236
2,152
2,308
2,399

5,485
5,424
5,460
5,401

23,931
24,872
24,837
24,945

7,537
7,396
7,424
7,416

6,979
6,932
7,506
6,764

14,483
14,280
14,749
14,604

2,493
2,559
2,659
2,483

53
51
46
42

1,520
1,529
1,581
1,599

105,889
106,847
108,066
106,838

Nov.

1,002

32,792
32,668
33,036
32,696
^2,800

2,394
2,350
2,745
2,489
2,569

5,399
5,363
5,348
5,344
5,303

24,999
24,955
24,943
24,863
24,928

7,462
7,407
7,462
7,493
7,482

6,769
6,384
7,570
7,037
7,733

1,089
1,067
1,034
1,066

14,235
14,494
14,821
14,665
14,701

2,568
2,424
2,779
2,709
2,972

49
46
48
59
66

1,639
1,660
1,539
1,540
1,569

106,764
106,483
108,882
107,940
109,409

Dec.

and

bonds

1953

Digitized for FRASER


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

954

1,004

948

985
975
982

209

14
21
28

11
18
25

11
IS
25

8
15
22
29

13
20
27

10
17
24

8
15
22
29

12
19
26

9
16
23
30

14
21
28

11
18
25

9
16
23
30

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Demand deposits

Total

demand
and
time
deposits

Date

Total
Adjusted

Unadjusted

U.S.
Individuals, States and
political
Government
partnerships,
and corps. subdivisions

Interbank
Domestic

Foreign

Certified
and
officers'
checks

1953
Jan.

7
14
21
28

94,673
95,785
95,048
93,349

55,211
55,602
55,738
55,546

76,600
77,738
76,987
75,271

56,035
57,471
57,108
56,112

3,689
3,625
3,735
3,894

2,744
2,214
2,227
2,362

11,197
11,353
11,022
10,158

1,357
1,328
1,327
1,314

1,578
1,747
1,568
1,431

Feb.

4
11
18
25

92,730
93,390
93 ,972
93,410

54,589
54,349
53,771
53,811

74,628
75,263
75,825
75,216

54,980
55,455
55,298
55,342

3,945
3,942
3,766
3,790

2,684
2,846
3,514
3,309

10,255
10,165
10,426
10,011

1,306
1,266
1,271
1,280

1,458
1,589
1,550
1,484

Mar.

4
11
18
25

92,716
93,247
94,685
92,999

53,876
54,841
54,479
53,275

74,446
74,948
76,378
74,683

54,819
56,317
56,143
54,165

3,790
3,628
3,665
3,659

2,762
2,089
3,020
4,170

10,221
10,087
10,409
9,643

1,293
1,365
1,359
1,306

1,561
1,462
1,782
1,740

Apr.

1
8
\5
22
29

92,106
92,284
93,710
91,249
91 ,008

51,802
52,723
53,542
53,897
54,176

73,827
73,905
75,351
72,854
72,585

52,785
53,751
55,717
54,765
54,608

3,828
3,703
3,948
4,010
4,241

3,934
3,056
2,437
1,672
1,426 j

10,092
9,878
10,194
9,636
9,436

1,310
1,328
1,335
1,310
1,315

1,878
2,189
1,720
1,461
1,559

May

6
13
20
27

90,704
91,501
91,204
90,597

53,352
53,346
53,084
53,889

72,228
73,035
72,714
72,057

53 , 503
54,761
53,873
54,332

4,243
4,114
4,118
4,181

1,878
1,532
2,028
1,509

9,826
9,852
9,766
9,364

1,289
1,276
1,364
1,344

1,489
1,500
,565
,327

June

3
10
17
24

90,753
92,341
94,628
91,988

53,708
54,900
54,981
53,454

72,180
73,727
75,974
73,263

54,185
55,417
56,697
54,124

4,041
4,174
3,825
3,911

1,356
1,119
1,979
2,566

9,758
10,033
10,472
9,831

1,320
1,296
1,294
1,275

, 520
,688
,707
,556

July

1
8
15
22
29

93,183
90,908
97,698
95,211
94,224

52,820
52,836
52,643
53,315
53,395

74,433
72,165
78,943
76,443
75,452

54,263
53,457
55,156
54,380
54,082

3,975
3,787
3,614
3,628
3,736

2,469
1,800
6,039
5,770
5,292

10,393
10,393
10,950
9,876
9,577

1,284
1,276
1,283
1,281
1,304

,049
,452
,901
,508
,461

Aug.

5
12
19
26

94,402
95,094
94,252
93,760

53,177
53,189
52,671
53,330

75,627
76,328
75,425
74,951

53,618
54,734
53,822
54,010

3,877
3,795
3,697
3,747

5,096
4,806
5,050
5,027

10,138 1
10,301
10,111
9,560

1,309
1,279
1,253
1,243

,589
,413
,492
,364

Sept.

2
9
16
23
30

93,881
93,874
96,751
94,296
95,344

53,059
53,034
53,527
52,801
52,814

75,065
74,997
77,857
75,381
76,359

53,699
54,216
56,203
54,164
54,639

3,834
3,681
3,606
3,489
3,711

4,639
3,817
3,884
4,197
4,434

10,090
10,490
11,059
10,504
10,412

1,243
1,254
1,270
1,260
1,308

,560
,539
,835
,767
,855

Oct.

7
14
21
28

94,019
96,369
94,693
94,782

52,961
53,307
53,968
54,692

74,965
77,189
75,437
75,478

53,847
56,446
55,706
55,965

3,684
3,425
3,555
3,612

3,662
3,039
2,549
2,346

10,693
11,322
10,837
10,622

1,248
1,229
1,264
1,273

,831
,728
,526
,660

Nov.

4
11
18
25

94,900
96,124
97,093
95,859

54,005
53,675
53,697
54,302

75,545
76,728
77,798
76,545

55,408
55,132
55,771
55,845

3,725
3,670
3,540
3,696

2,369
3,859
4,165
3,768

10,913
11,008 ;)
11,153
10,421

1,279
1,254
1,277
1,290

,851
,805
,892
,525

Dec.

2
9
16
23
30

96,000
95,382
98,362
97,314
99,122

54,376
55,159
56,085
55,679
56,217

76,657
75,929
78,828
77,694 1
79 , 404

55,727
56,236
58,121
57,210
57,817

3,685
3,607
3,731
3,902
3,963

3,410
2,406
2,412
2,595
2,594

10,792
10,680
11,475
11,124
11,568

1,310
1,300
1,286
1,259
1,292

,733
,700
,803
,604
2,170

Digitized for FRASER


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

210

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Borrowings

Individ- States and


uals, part- political
subdivinerships,
and corps.
sions

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1953
18,073
18,047
18,061
18,078

16,532
16,497
16,517
16,528

756
766
767
770

202
202
197
201

583
582
580
579

1,539
,308
,240
,426

2,051
2,126
2,119
2,127

7,258
7,231
7,231
7,259

105,521
106,450
105,638
104,161

Jan.

7
14
21
28

18,102
18,127
18,147
18,194

16,556
16,579
16,601
16,641

775
779
777
783

200
198
199
198

571
571
570
572

,504
,415
,223
,260

2,165
2,204
2,227
2,193

7,276
7,283
7,285
7,305

103,675
104,292
104,707
104,168

Feb.

4
11
18
25

18,270
18,299
18,307
18,316

16,720
16,744
16,747
16,749

776
773
770
771

195
196
195
198

579 _ _ _ _ _
586
595
598

,140
,411
,416
,241

2,214
2,230
2,072
2,107

7,311
7,313
7,314
7,324

103,381
104,201
105,487
103,671

Mar.

4
11
18
25

18,279
18,379
18,359
18,395
18,423

16,726
16,785
16,766
16,794
16,799

777
793
786
793
803

195
193
191
191
190

581
608
616
617
631

,009
,077
,062
,074
,107

2,124
2,142
2,168
2,144
2,130

7,345
7,348
7,341
7,349
7,360

102,584
102,851
104,281
101,816
101,605

Apr.

1
8
15
22
29

18,476
18,466
18,490
18,540

16,835
16,812
16,832
16,876

825
832
829
825

191
189
188
189

625
633
641
650

,122
,256
1,048
1,016

2,129
2,146
2,147
2,142

7,396
7,397
7,393
7,413

101,351
102,302
101,792
101,168

May

6
13
20
27

18,573
18,614
18,654
18,725

16,901
16,932
16,975
17,041

829
827
826
826

187
187
189
187

656
668
664
671

1,026
906
536
705

2,158
2,168
2,017
2,043

7,415
7,410
7,400
7,407

101,352
102,825
104,581
102,143

June

3
10
17
24

18,750
18,743
18,755
18,768
18,772

17,052
17,052
17,067
17,075
17,074

826
829
831
828
822

190
189
190
189
189

682
673
667
676
687

972
882
331
910
912

1,998
2,023
2,036
2,072
2,094

7,426
7,441
7,427
7,416
7,429

103,579
101,254
107,492
105,609
104,659

July

1
8
15
22
29

18,775
18,766
18,827
18,809

17,080
17,070
17,087
17,078

824
819
822
813

188
189
191
193

683
688
727
725

931
1,161
1,180
906

2,106
2,138
2,136
2,182

7,451
7,450
7,449
7,459

104,890
105,843
105,017
104,307

Aug.

5
12
19
26

18,816
18,877
18,894
18,915
18,985

17,083
17,142
17,165
17,198
17,259

823
817
806
804
804

187
189
191
188
190

723
729
732
725
732

914
919
781
831
504

2,200
2,240
2,200
2,219
2,249

7,483
7,476
7,471
7,477
7,509

104,478
104,509
107,203
104,823
105,606

Sept.

2
9
16
23
30

19,054
19,180
19,256
19,304

17,289
17,324
17,371
17,374

795
839
856
865

189
188
189
187

781
829
840
878

841
673
821
849

2,212
2,230
2,233
2,251

7,515
7,511
7,532
7,544

104,587
106,783
105,279
105,426

Oct.

7
14
21
28

19,355
19,396
19,295
19,314

17,400
17,405
17,305
17,307

864
857
855
865

187
191
191
189

904
943
944
953

1,167
895
1,115
1,098

2,254
2,255
2,294
2,311

7,568
7,573
7,564
7,570

105,889
106,847
108,066
106,838

Nov.

4
11
18
25

19,343
19,453
19,534
19,620
19,718

17,311
17,366
17,431
17,486
17,596

882
918
923
940
932

190
189
190
191
190

960
980
990
1,003
1,000

916
1,235
754
887
567

2,271
2,293
2,209
2,189
2,148

7,577
7,573
7,557
7,550
7,572

106,764
106,483
108,882
107,940
109,409

Dec.

2
9
16
23
30

Digitized for FRASER


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

211

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions

Loans

Loans and
investments

Total

Date
Total

Total
adjusted

Adjusted

Net

Commercial,
industrial,
and agricultural

1
'

For purchasing or carrying


securities
To brokers and
dealers

To
others

Real
estate

|!

U.S.
Govt.
securities

Other
securities

U.S.
Govt.
sscuri, ties

Loans
to
banks

Other
securities

All !
other

Memo:
valreserves

1954
Jan.

6
13
20
27

80,819
80,376
79,838
80,070

80,139 39,766
79,778 f 39,432
79,478 38,960
79,545 38,714

40,446
40,030
39,320
39,239

22,942
22,846
22,686
22,502

2, 119
1,*M3
1,633
1,583

862
8f >6
859
858

6,479
6.490
6i 484
6,480

680
598
360
525

8,001
7,964 11
7,936
7,927

637
63?
638
636

Feb.

3
10
17
24

80,660
79,868
79,872
79,744

80,119
79,151
79,083
78,883

39,422
39,068
39,007
38,596

39,963
39,785
39,796
39,457

22,638
22,556
22,555
22,446

2,180
2,1)31
1,977
1,682

826
81 e
830
819

6,486
6,485
6,500
6,501

541
717
789
861

7,924
7,810
7,777
7,782

632
632
632
634

Mar.

3
10
17
24
31

79,534
79,700
80,765
79,247
78,055

78,855
79,150
80,064
78,634
77,814

38,722
38,902
39,320
39,153
39,076

39,401
39,452
40,021
39,766
39,317

22,407
22,48!
22,939
22,821
22 . 763

1,907
2,C
1,931
M 34
1,758

811
81 I
814
82 0
847

6,478
6,489
6,509
6,517
6,522

679
550
701
613
241

7,754
7,752
7,767
7,800
7,825

635
636
640
639
639

Apr.

7
14
21
28

79,078
78,742
78,858
79,118

78,406
78,175
78,261
78,618

38,858
38,839
38,767
38,441

39,530
39,406
39,364
38,941

22,714
22,558
22,348
22.183

1 , 676
1,199
1,925
1,744

828
82 8
840
849

6,532
6,542
6,544
6,553

672
567
597
500

7,747
7,751
7,750
7,753

639
639
640
641

May

5
12
19
26

79,893
79,670
80,530
80,502

79,128
78,794
79 , 764
79,649

38,669
38,853
38,823
38,569

39,434
39,729
39,589
39,422

22,145
22,045
21,975
21,854

2,014
2,314
2,2 75
2,108

866
866
922
938

6,541
6,559
6,582
6,590

765
876
766
853

7.743
7,710
7.709
7,719

640
641
640
640

June

2
9
16
23
30

80,519
80,151
81,683
80,702
81,081

79,624
79,478
80,997
80,210
80,895

38,324
38,015
38,707
38,584
38,950

39,219
38,688
39,393
39,076
39,136

21,599
21,571
21,973
21,896
21,884

2,141
1,847
2,1 20
2,059
2,379

915
910
89 1
893
899

6,592
6,598
I! 6.623
" 6; 641
6,671

895
7,721
673
7.733
686
7.743
492
7,741
186 ". 7,772

644
644
643
646
655

July

7
14
21
28

81,101
81,076
81,111
81,445

80,558
80,437
80,585
80,746

38,737
38,675
38,341
38,254

39,280
39,314
38,867
38,953

21,728
21,647
21,558
21,524

2,263
2,271
2,067
2,005

890
89 1
874
875

6,674
6.698
6,705
6,718

543
639
526
699

654
655
653
655

Aug.

4
11
18
25

83 , 548
83,267
82,861
82,977

82,850
82,720
82,405
82,368

37,905
38,072
37,949
37,963

38,603
38,619
38,405
38,572

20,770
20,829
20,759
20,773

2,368
2,409
2,308
2,286

884
917
90 7
897

6,736
6,766
6.801
6; 823

698
7,803
7,806
547
456 j 7.831
7,839 ;
609

656
655
657
655

Sept.

1
8
15
22
29

82,778
82,670
83,084
82,980
83,222

82,204
82,020
82,440
82,381
82,689

37,967
38,034
38,175
38,018
38,495

38,541
38,684
38,819
38,617
39,028

20,798
20,829
21,023
21,005
21,015

2,228
2,2 65
2,1 45
1,999
2,403

904
90 4
91 3
932
941

6,831
6,838 |
6,871
6,884
6,902 1

574
650 1
644
599
533

7,866
7,856
7,882
7,858
7,893

660
658
659
660
659

Oct.

6
13
20
27

85,346
85,567
85,412
85,498

84,803
84 , 722
84,675
84,789

38,548
38,781
38,709
38,679

39,091
39,626
39,446
39,388

21,102
21,195
21,126
21,043

2,363
2,457
2,412
2,407

955
956
973
993

6,907
6,924
6,955
6,978 ,

543
845
737
709

7,883
7,910
7,905
7,920

662
661
662
662

Nov.

3
10
17
24

85,721
84,930
86,331
86,523

84,932
84,424
85,745
85,892

38,844
38,588
39,503
39,947

39,633
39,094
40,089
40,578

21,104
21,133
22,107
22,132

2,466
2,165
2,022
2,333

991
1,001
1,01 4
1,032

6,997
7,026 !
7,051
7,077

789
506
586
631

7,949
7,925
7,971
8,035

663
662
662
662

1
8
15
22
29

86,553
86,376
87,200
87,448
87,249

85,783
85,583
86,470
86,564
86,506

40,114
40,181
40,690
40,751
40,980

40,884
40,974
41,420
41,635
41,723

22,214
22,255
22,359
22,423
22,423

2,367
2,390
2,679
2,567
2,688

,037
,03 4
,04 9
,077
,113

7.083
7,088
7,136
7,156
7,176

770
793
730
884
743

8,075
8,078 i
8,125
8,187
8,240

662
664
658
659
660

Dec.

Digitized for FRASER


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

212

1
|

1
|
!
1
j

7,836
7,823
7,790
7,787

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Do:
inestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

32,861
32,870
32,987
33,287

2,594
2,581
2,735
3,048

5,202
5,138
5,076
4,942

25,065
25,151
25,176
25,297

7,512
7,476
7,531
7,544

7,165
7,410
7,157
6,229

1,002
1,022
961
979

14,713
14,786
1 5 , 1 59
14,525

2,700
2,721
3,003
2,699

58
55
60
58

1,563
1,595
,559
,618

108,020
107,965
107,737
106,178

Jan.

6
13
20
27

32,989
32,409
32,346
32,476

2,517
2,034
2,074
2,216

4,764
4,639
4,110
4,091

25,708
25,736
26,162
26,169

7,708
7,674
7,730
7,811

6,714
6,232
7,528
6,895

912
960
923
990

14,598
14,362
14,487
14,096

2,421
2,413
2,559
2,547

53
59
60
54

,654
,612
,567
,577

107,012
105,506
106,996
105,903

Feb.

3
10
17
24

32,292
32,292
32,848
31,609
30,850

2,084
2,162
2,591
2,669
2,076

4,097
4,067
4,121
2,848
2,737

26,111
26,063
26,136
26,092
26,037

7,841
7,956
7,896
7,872
7,888

6,329
6,333
7,294
6,301
7,231

900
939
925
933
884

14,263
14,304
14,863
14,483
13,990

2,477
2,459
2,608
2,442
2,992

47
54
54
55
52

,605
,596
,522
,510
,576

105,155
105,385
108,031
104,971
104,780

Mar.

3
10
17
24
31

31,518
31,298
31,452
32,160

2,486
2,296
2,392
2,987

2,867
2,908
2,925
3,045

26,165
26,094
26,135
26,128

8,030
8,038
8,042
8,017
'

5,979
7,423
6,957
6,408

886
965
922
970

14,006
f4,04I
14,299
14,423

2,547
2,670
2,613
2,710

51
50
47
47

,571
,607
,602
,631

104,118
105,498
105,298
105,307

Apr.

7
14
21
28

32,377
31,994
32,958
33,041

2,985
2,383
2,400
2,377

3,285
3,408
2,660
2,680

26,107
26,203
27,898
27,984

8,082
7,947
7,983
8,039

6,595
7,155
6,801
6,175

874
963
918
965

13,954
14,168
14,433
14,370

2,662
2,665
2,545
2,486

65
67
68
66

,674
,660
,644
,690

105,717
106,348
106,939
106,254

May

5
12
19
26

33,196
33,217
34,058
33,379
33,724

2,428
2,370
2,909
2,322
2,619

2,684
2,684
2,817
2,760
2,777

28,084
28,163
28,332
28,297
28,328

8,104
8,246
8,232
8,247
8,221

6,927
6,052
7,599
6,543
7,729

915
951
913
949
909

14,241
14,675
14,449
14,604
13,961

2,528
2,664
2,920
2,476
2,984

66
62
57
60
62

,692
,690
,599
,574
,638

106,888
105,245
109,220
106,908
108,364

June

2
9
16
23
30

33,575
33,549
34,018
34,221

2,518
2,522
2,861
3,045

2,755
2,729
2,758
2,754

28 , 302
28,298
28,399
28,422

8,246
8,213
8,226
8,271

6,877
8,126
6,690
6,139

931
986
930
966

14,131
13,920
13,913
13,952

2,853
2,745
2,760
2,573

67
80
77
68

,610
,602
,622
,674

107,570
108,535
107,103
106,817

July

7
14
21
28

36,605
36,389
36,185
36, 107

3,728
3,578
3,414
3,423

4,382
4,256
2,614
2,573

28,495
28,555
30,157
30,111

8,340
8,259
8,271
8,298

7,005
6,522
6,615
5,986

883
941
914
932

13,472
1 3 , 648
1 3 , 748
13,621

2,816
2,629
2,571
2,466

79
81
81
89

,688
,673
,649
,668

109,491
108,761
108,439
107,739

Aug.

4
11
18
25

35,862
35,526
35,790
35,908
35,696

3,135
2,876
3,090
3,124
2,868

2,559
2,505
2,534
2,497
2,504

30,168
30,145
30,166
30,287
30,324

8,375
8,460
8 , 475
8,455
8,498

6,483
6,342
8,583
6,544
6,825

885
943
936
951
992

13,522
13,327
13,569
13,297
13,438

2,489
2,634
2,805
2,731
2.544

88
91
88
91
89

,698
,696
,606
,618
,653

107,943
107,703
110,671
108,212
108,763

Sept.

1
8
15
22
29

37,614
37,364
37,403
37,533

2,765
2,535
2,628
2,706

2,478
2,447
2,402
2,375

32,371
32,382
32,373
32,452

8,641
8,577
8,563
8,577

6,511
8,409
7,093
6,802

904
1,032
947
1,003

2,750
2,815
2,786
2,662

93
95
83
91

,674
,639
,671
,707

111,032
113,159
111,916
111,627

Oct.

6
13
20
27

37,358
37,377
37,677
37,411

2,500
2,539
2,802
2,605

2,369
2,362
2,359
2,300

32,489
32,476
32,516
32,506

8,730
8,459
8,565
8,534

7,753
7,015
7,932
7,448

951
984
964
960

13,754
13,602
13,924
13,864
*
13,877
14,186
14,056
13,935

2,616
2,738
2,982
2,542

79
81
86
88

,736
,778
,730
,746

112,733
111,712
114,081
113,242

Nov.

3
10
17
24

37,106
36,752
37,174
37,205
36,902

2,378
2,225
2,615
2,693
2,543

2,240
2,150
2,763
2,816
2,768

32,488
32,377
31,796
31,696
31,591

8,563
8,650
8,606
8,608
8,624

7,844
6,668
9,719
7,838
7,740

967
1,059
1,065
1,084
1,084

13,891
13,980
14,355
14,167
14,141

2,642
2,569
2,830
2,794
2,693

90
95
82
100
106

,835
,864
,776
,814
,849

113,822
112,611
117,027
115,245
114,862

Dec.

1
8
15
22
29

1954

Digitized for FRASER


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

213

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Demand deposits
j]

Total
Adjusted

Unadjusted

Individuals, States and


U.S.
political
partnerships,
Government
and corps. subdivisions

Interbank

Certified
and

Domestic j

Foreign

officers*
checks

1954
Jan,

6
13
20
27

97,465
97,701
97,823
96,007

55,272
56,044
56,090
56,115

77,753
78,012
78,098
76,220

56,436
57,637
57,591
56,782

3,973
3,843
3,905
4,009

2,313
1,745
1,928
1,839

11,743
11,560
11,677
10,766

.260 ;
,253
,246
,271

2.028
1,974
1,751
1 , 553

Feb.

3
10
17
24

96,304
94,732
96,337
95,231

55,588
54,789
54,143
54,038

76,456
74,865
76,432
75,279

55,831
55,230
55,739
55,313

4,093
4,049
3,953
3,930

2,275
2,107
2,862
2,798

10,619
10,477
10,600
10,230

,260
,260
,299
,318

2,378
1,742
1,979
1,690

Mar.

3
10
17
24
31

94,566
94,898
97,570
94,546
94,948

53,913
54,753
54,897
53,325
51,812

74,486
74,751
77,399
74.245
74,646

54,791
55,689 !
56,535
53,994
52,824

3,908
3 , 803
3,675
3,858
4,232

2,424
1,891
3,011
3,362
3,838

10,517
10,495
10,949
10,028
10,538

,303
. 279
,248
.229
,227

1,543
1 , 594

Apr.

7
14
21
28

93,767
95,251
94,987
95,105

52,376
52,933
53,736
54,108

73,374
74,808
74,534
74,637

52,764
54,572
54,714
54,488

3,996
3,971
4,119
4,308

3,347
2,498
2,232 '
2,671

10,403
10,669 i
10,354
10,171

,269
.285
,255
,279

1,595
1,813
1,860
1,720

May

5
12
19
26

95,294
95,591
96,384
95,649

54,047
54,153
53,715
54,358

74,697
74,998
75,697
74,900

54,159
55,321
54,485
54,619

4,467
4,332
4,221
4,362

2,056
1,601
3,545
3,149

10,731
10,838
10,367
9,995

,268
,251
,269
,223

1,655

June

2
9
16
23
30

96,238
95,809
98,964
96,317
98,640

53,930
54,778
56,166
54,lt6
53,319

75,452
74,960
78,034
75,350
77,544

54,597
55,146
57,765
54,572
54,715

4,418
4,129
4,086
4,163
4,329

2,982
2,296
1,983
3,192
4,085

10,386
10.599
li;035
10.214
11,151

,227
,235
,251
;285
,260

1,842
1,555
1,914
1,924
2,004

July

7
14
21
28

97,495
98,292
97,003
96,393

53,311
53,652
54,481
54,949

76,431
77,034
75,703
75,050

54,264
55,518
55,436
55,360

4,026
3,905
3,922
4,033

3,547
2,690
2,335
2,091

11,403
11,306
10,936
10,516

1,293
1,260
1,261
1,355

1,898
2,355
1,813
1,695

Aug.

4
11
18
25

99,147
98,155
97,987
97,152

54,217
54, 127
53,748
54,215

77,744
76,748
76,490
75,703

54,564
55,107
54,736
54,693

4,046
3,951
3,904
3,826

3,683
3,413
3,688
3,495

11,494
11.361
llillS
10,710

,345
.325
,324
,297

2,612
1,591
1,723
1,682

Sept.

1
8
15
22
29

97,455
97,215
100,150
97,778
98,179

54,066
54,013
54,490
54,547
55,043

76,008
75,712
78,695
76,306
76,712

54,746
55,000
57,230
55,812
55,884

3,939
3,738
3,754
3,579
3,756

3,247
2,731
2,400
2,681
2,605

10,911
11,354
11,970
11,277
10,977

,301
;272
,252
,257
,262

1,864
1,617
2,089
1,700
2,228

Oct.

6
13
20
27

100,524
102,325
101,125
100,756

54,276
54,672
55,470
56,050

79,006
80,795
79,579
79,174

55,403
57,837
57,203
57,281

3,664
3,442
3,503
3,642

5,190
4,611
4,165
3,783

11,744
11,750
11,494
11,190

,285
,353
,357
,349

1,720
1,802
1,857
1,929

Nov.

3
10
17
24

101,441
100,931
103,202
102,087

55,472
55,573
55,682
56,254

79,858
79,371
81,781
80,674

57.256
56,926
57,879
57,557

3,865
3,698
3,796
3,803

3,793
3,833
4,741
4,522

11,516
11,657
12,119
11,116

,324
,293

2,104

,307
,334

1,964
1,939
2,342

1
8

102,535
101,225
105,719
103,788
103,224

56,414
56,583
57,926
58,025
58,445

81,138
79,763
84,217
82,209
81,611

57,876
57,648
61,036
59,697
60,117

3,956
3,754
3,816
3,917
3,939

4,223
3,706
3,226
3,184
2,597

11,303
11,426
11,953
11,737
11,359

,354
,380
,393
,425
,470

2,426
1,849
2,793
2,249
2,129

Dec.

15
22
29

Digitized for FRASER


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

214

1,981
1,774
1,987

2,016
1,810
1,552

WEEKLY REPORTING BANKS


LIABILITIES^Continued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Borrowings

Individ- States and


uals, part- political
subdivinerships,
and corps.
sions

U. S.
Government

Interbank
Domestic

From
F. R.
Banks

Foreign

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1954
19,712
19,689
19,725
19,787

17,580
17,562
17,540
17,574

945
943
950
959

190
189
190
192

997
995
1,045
1,062

857
571
242
453

2,098
2,115
2,093
2,110

7,600
7,578
7,579
7,608

108,020
107,965
107,737
106,178

Jan.

6
13
20
27

19,848
19,867
19,905
19,952

17,619
17,635
17,642
17,663

970
961
967
972

190
191
192
188

1,069
1,080
1,104
1,129

895
1,027
899
895

2,183
2,118
2,120
2,121

7,630
7,629
7,640
7,656

107,012
105,506
106,996
105,903

Feb.

3
10
17
24

20,080
20,147
20,171
20,301
20,302

17,734
17,763
17,713
17,767
17,771

994
997
,049
,109
,087

189
189
190
190
192

1,163
1,198
1,219
1,235
1,252

796
725
845
786
161

2,126
2,093
1,953
1,960
1,979

7,667
7,669
7,663
7,679
7,692

105,155
105,385
108,031
104,971
104,780

Mar.

3
10
17
24
31

20,393
20,443
20,453
20,468

17,818
17,817
17,851
17,854

,101
,120
,079
,078

192
192
193
192

1,282
1,314
1,330
1,344

647
505
568
429

1,981
2,020
2,018
2,018

7,723
7,722
7,725
7,755

104,118
105,498
105,298
105,307

Apr.

7
14
21
28

20,597
20,593
20,687
20,749

17,895
17,916
17,949
17,996

,147
,123
,142
,136

191
190
190
190

,364
,364
,406
,427

647
943
720
718

2,001
2,036
2,057
2,093

7,775
7,778
7,778
7,794

105,717
106,348
106,939
106,254

20,786
20,849
20,930
20,967
21,096

18,041
18,110
18,127
18,212
18,304

,129
,130
,175
,121
,146

189
188
188
187
187

,427
,421
,440
,447
,459

781
535
541
876
29

2,070
2,099
1,927
1,911
1,889

7,799
7,802
7,788
7,804
7,806

106,888
106,245
109,220
106,908
108,364

21,064
21,258
21,300
21,343

18,256
18,301
18,309
18,337

,154
,277
,277
,285

188
189
187,
136

,466
,491
,527
,535

410
548
371
613

,842
,880
,924
,980

7,823
7,815
7,805
7,831

107,570
108,535
107,103
106,817

21
28

21,403
21,407
21,407
21,449

18,382
18,405
18,411
18,443

,273
,267
,265
,263

195
196
197
196

,553
,539
,534
,547

533
793
717
710

,963
,961
1,975
2,018

7,848
7,852
7,850
7,859

109,491
108,761
108,439
107,739

18
25

21,447
21,503
21,455
21,472
21,467

18,433
18,487
18,501
18,514
18,520

,257
,253
,193
,194
,195

197
197
199
199
200

,560
,566
,562
,565
,552

583
571
585
451
537

2,019
2,029
2,058
2,103
2,150

7,886
7,888
7,878
7,880
7,897

107,943
107,703
110,671
108,212
108,763

Sept.

1
8
15
22
29

21,518
21,530
21,546
21,582

18,608
18,639
18,641
18,681

,181
,209
,238
,231

203
203
204
211

,526
,479
,463
,459

462
767
681
621

2,133
2,147
2,189
2,301

7,913
7,920
7,921
7,949

111,032
113,159
111,916
111,627

Oct.

6
13
20
27

21,583
21,560
21,421
21,413

18,699
18,679
18,578
18,578

,220
,215
,179
,176

203
203
203
203

,461
,463
,461
,456

983
387
474
689

2,178
2,262
2,268
2,324

8,131
8,132
8,137
8,142

112,733
111,712
114,081
113,242

Nov.

3
10
17
24

21,397
21,462
21,502
21,579
21,613

18,555
18,621
18,655
18,732
18,806

,183
,180
,195
,198
,154

203
203
209
209
209

,456
,458
,443
1,440
1,444

2,359
2,473
2,438
2,489
2,459

8,162
8,152
8,146
8,144
8,174

113,822
112,611
117,027
115,245
114,862

Dec.

1
8
15
22
29

Digitized for FRASER


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

109
128
78
373

215

766

652
596
746
632

,1
19
26

June

2
9
16
23
30
,7

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments
.__

For purchasing or carrying


securities

Total

Date
Total

Total
adjusted

Adjusted

Net

Commercial,
industrial,
and agricultural

,
To
others

To faro*
.ers and
dealers

U.S.
Govt.
securities

U.S.
Govt.
securities

Other
securities

Loans
to
banks

Real
estate

Other
securities

1955

877
854
748
811 i

Jan.

5
12
19
26

86,656
86,290
86,152
86,495

85,779
85,436
85,404
85,684

40,591
40,406
40,264
40,332

41,468
41,260
41,012
41,143

22,254
22,157
22,083
21,994

2,541
2,<U9
2,324
2,449

1,101
1 , <)82
1,080
1,055

7,182
7,217
7,238
7,263

Feb.

2
9
16
23

86,129
85,634
85,411
85,274

85,266
84,766
84,580
84,241

40,483
40,560
40,629
40,520

41,346
41,428
41 , 460
41,553

21,926
21,968
22,123
22,108

2,582
2 , <J90
2,454
2,326

1,056
1,()62
1,083
1,092

7,279
7,294
7,326
7,342

863
868
831
1,033

Mar,

2
9
16
23
30

85,267
85,152
85,890
84,883
84,432

84,341
84,167
84,843
83,921
83,380

40,751
40,898
41 444
41,382
41,448

41,677
41,883
42,491
42,344
42,500

22,241
22,265
22,584
22,637
22,597

2,374
2^{52
2,718
2,<191
2,483

1,080
1,()75
1,081
1, 00
1,113

Apr.

6
13
20
27

85,878
85,613
85,755
85,808

85,013
84,823
84,864
84,778

41,512
41,666
41,787
41,818

42,377
42,456
42,678
42,848

22,449
22,543
22,530
22,545

2,669
2,672
2,' 41
2,660

May

4
11
18
25

85,298
85,106
85.781
85,330

84,464
84,214
84,679
84,280

42,010
42,078
42,208
42,263

42,844
42,970
43,310
43,313

22,607
22,721
22,737
22,641

June

1
8
15
22
29

85,278
85,006
85,859
85,555
85,379

84,164
84,012
85,009
84,449
84,472

42 , 440
42,464
43,425
43,409
43,674

43 , 554
43,458
44,275
44,515
44,581

July

6
13
20
27

85,125
85,098
86,195
86,100

84,095
84,013
85,169
84,914

43,518
43,687
43,925
44,064

Aug.

3
10
17
24
31

85,765
85,438
85,132
85,192
85,478

84,878
84,416
84,210
84,098
84,412

Sept.

7
14
21
28

85,189
85,824
85,318
85,399

Oct.

5
12
19
26

Nov.

Dec,

Digitized for FRASER


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

All
other

Memo:
valuation
reserves

~
8,216
8 , 235
8,243
8,275

703
704
704
704

8,346
8,349
8,350
8,360

706
703
707
708

7,359
7,373
7,402
7,432
7,474

926 !1 8,408
8,444
985
1,047
8,372
962
8,435
1,052
8,488

711
711
713
713
707

1,106
1,103
1, 00
1,108

7,482
7,517
7,542
7,570

865
790
891
1,030

8,521
8,547
8,590
8,652

715
716
716
717

2,717
2,191
2,649
2,686

1,113
1, 13
1,121
1,131

7,590 a
7,633 >
; 7,657
7,686

834
892
1,102
1,050

8,701
8,739
8,763
8,840

718
719
719
721

22,636
22,623
23,355
23,433
23,501

2,742
2,' 02
2,f 26
2 , 48
2,678

1,155
1,1 71
1,182
1,1 92
1,190

7,719
7,756
7,797
7,828
7,873 !

1,114
994
850
1,106
907

8,910
8,936
8,988
9,029
9,153

722
724
723
721
721

44,548
44,772
44,951
45,250

23,326
23,465
23,429
23,526

2,673
2,647
2,8 56
2,8 08

1,203
1,199
1,2 04
1,206

7,893
7,923
7,937
7,978

1,030
1,085
1,026
1,186

9,152
9, IBS
9,232
9,280

729
732
733
734

44,113
44,164
44,262
44,443
44,696

45,000
45,186
45,184
45,537
45,762

23,550
23,754
23,940
24,050
24,171

2,775
2,5 58
2,409
2,4 13
2,467

1,190
1,1 97
1,196
1,1 89
1,184

7,993
8,028
8,069
8,100
8,120

887
1,022
922
1,094
1,066

9,340
9,364
9,384
9,428
9,492

735
737
736
737
738

84,150
84,735
84,516
84,493

44,570
45,029
45,241
45,449

45,609
46,118
46,043
46,355

24,080
24,400
24,570
24,660

2,392
2,404
2,391
2,406

1,039
1,089
802
906

9,513
9,575
9,595
9,669

738
738
737
737

85,502
86,935
86,509
86,350

84,616
86,102
85,542
85,571

45,641
46,035
45,974
46,071

46,527
46,868
46,941
46,850

25,010
25,114
25,082
25,124

886
833
967
779

9,650
9,754
9,771
9,824

735
737
735
737

2
9
16
23
30

86,356
86,013
86,790
86,167
86,487

85,623
85,259
85,781
85,369
85,337

46,499
46,604
47,017
47,067
47,331

47,232
47,358
48,026
47,865
48,481

7
14
21
28

86,419
86,951
87,929
87,864

85,451
85,698
86,846
86,736

47,552
47,844
48,324
48,390

48,520
49,097
49,407
49,518

1,188
1,2 00
1,206
1,194

8,135
8,188
8,216
8,257

2,567
2,7 05
2,6 36
2,587

1,177
1,198
1,1 80
1,224

7,972 i
8,001 1
8,040
8,049 j

25,303
25,485
25,783
25,833 1
26,014

2,689
2,593
2,646
2,578
2,605

1,245
1,2 48
1,249
1,249
1,248

8,073
8,106 ;
8,143
8,181
8,188 ;

733 ' 9,926 i


9,910
754
9,935
1,009
9,964
798
1,150 10,015

737
738
739
738
739

26,117
26,317
26,627
26,707

2,714
2,7 87
2,9 10
2,852

1,252
1,2 61
1,270
1,271

8,156
8,156
8.158
8,147

968 ! 10 , 053
1,253 10,063 i
1,083 10,102
1,128 10,159

740
740
743
746

216

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with

U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Total

Bills

36,573
36,513
36,602
36,441

2,279
2,301
2,497
2,434

2,729
2,714
2,644
2,638

31,565
31,498
31,461
3 1 , 369

8,615
8,517
8,538
8,911

7,134
7,766
7,303
7,704

958
1,031
964
968

14,329
13,946
13,869
13,766

2,691
2,627
2,630
2,504

114
103

35,799
35,280
35,057
34,750

2,065
,747
,881
,821

2,551
2,412
,832
,676

31,183
31,121
31,344
31,253

8,984
8,926
8,894
8,971

7,136
6,238
8,222
7,483

898
938
925
993

1 3 , 947
13,651
13,829
13,483

2,493
2,483
2,571
2,548

34,599
34,177
34,374
33,509
32,885

,816
,677
,949
,696
,286

,633
,535
,542
,197
,117

31,150
30,965
30,883
30,616
30,482

8.991
9,092
9,025
9,030
9,047

7,317
6,567
8,182
6,598
6,751

893
925
905
927
965

13,511
13,535
14,177
13,521
1 3 , 399

34,425
34,096
34,063
33,983

,739
,572
,731
,750

,154
,076
,991
,911

30,532
30,448
30,341
30,322

9,076
9,061
9,014
8,977

6,831
8,081
7,405
7,176

888
999
926
974

33,571
33,395
33,743
33,296

,517
,377
,269
,176

,783
,798
,284
,214

30,271
30,220
31,190
30,906

8,883
8,741
8,728
8,721

7,178
7,411
7,761
6,727

33,026
32,831
32,842
32,303
32,076

,081
,060
,255
,084
,019

,149
,091
,017
760
743

30,796
30,680
30,570
30,459
30,314

8,698
8,717
8,742
8,737
8,722

31,797
31,663
32,565
32,161

914
869
,318
,196

729
709
1,126
1,086

30,154
30,085
30,121
29,879

31,975
31,634
31,261
30,972
30,948

1,160
1,123
997
916
985

932
813
706
651
625

30,791
30,940
30,546
30,347

890
1,150
1,009
994

30,282
31,419
30,941
30,922

Other
assets

Total
assets

Date

1955
113,744
113,626
112,927
113,473

Jan.

104

1,862
1,863
1,898
1,932

5
12
19
26

109
105
96
88

1,979
1,999
1,924
1,943

112,691
111,048
112,978
111,812

Feb.

2
9
16
23

2,788
2,358
2,652
2,463
2,579

87
95
81
91
73

1,971
1,963
1,924
1,887
1,909

111,534
110,595
113,811
110,370
110,108

Mar.

2
9
16
23
30

13,767
13,716
13,667
13,608

2,477
2,657
2,511
2,465

77
84
77
80

1,947
1,962
1,944
1,979

111,865
113,112
112,285
112,090

Apr.

6
13
20
27

879
964
921
963

14,001
13,615
13,797
13,671

2,354
2,552
2,577
2,367

87
76
76
94

1,974
1,969
1,876
1,867

111,771
111,693
112,789
111,019

May

4
11
18
25

8,104
6,732
9,701
7,719
7,434

916
940
925
949
1,009

13,567
13,374
13,998
13,896
13,582

2,468
2,408
2,631
2,521
2,582

81
78
90
77
91

1.910
1,895
1,827
1,806
1,840

112,324
110,433
115,031
112,523
111,917

June

1
8
15
22
29

8,780
8,663
8,679
8,689

7,789
8,476
8,014
7,201

926
1,020
951
981

13,406
1 3 , 605
13,732
13,812

2,582
2,599
2,543
2,386

95
87
86
75

1,829
1,813
1,805
1,824

111,752
112,698
113,326
112,379

July

6
13
20
27

29,883
29,698
29,558
29,405
29,338

8,790
8,618
8,687
8,683
8,768

6,839
6,906
7,677
6,542
7,483

912
951
938
960
947

1 3 , 647
13,277
1 3 , 444
13,131
13,308

2,372
2,397
2,504
2,358
2,390

77
91
84
77
73

1,851
1,850
1,795
1,807
1 , 862

111,463
110,910
111,574
110,067
111,541

Aus.

3
10
17
24
31

607
617
537
496

29,294
29,173
29,000
28,857

8,789
8,766
8,729
8,697

7,156
9,409
7,975
7,705

973
1,031
967
1,030

13,116
13,198
13,364
13,370

2,361
2,657
2,474
2,426

69
67
77
70

1,854
1,891
1,807
1,806

110,718
114,077
111,982
111,806

Sept.

7
14
21
28

989
1,141
1,035
1,067

480
,544
1,300
1,266

28,813
28,734
28,606
28,589

8,693
8,648
8,627
8 , 578

7,836
9,060
8,454
7,598

968
1,022
990
1,012

13,307
13,338
13,713
13,772

2,509
2,603
2,453
2,441

76
76
78
74

1,850
1,837
1,838
1,845

112,048
114,871
114,035
113,092

Oct.

5
12
19
26

30,559
30,300
30,377
29,961
29,643

842
775
932
787
636

1,196
1,088
1,053
872
824

28,521
28,437
28 , 392
28 , 302
28,183

8,565
8,355
8,387
8,341
8,363

7,759
8,073
10,179
8,220
8,780

948
1,041
997
969
1,023

1 3 , 899
13,382
13,285
13,392
13,431

2,381
2,386
2,686
2,340
2,487

76
75
70
69
76

1,899
1,910
1,838
1,836
1,952

113,318
112,880
115,825
112,993
114,236

Nov.

2
9
16
23
30

29,559
29,559
30,260
30,122

690
778
1,534
1,535

939
991
956
910

27,930
27,790
27,770
27,677

8,340
8,295
8,262
8,224

7,569
9,321
8,561
9,587

1,060
1,175
1,134
1,194

13,435
13,570
13,901
13,655

2,356
2,629
2,692
2,801

73
74
74
80

1,904
1,894
1,838
1,840

112,816
115,614
116,129
117,021

Dec.

7
14
21
28

Digitized for FRASER


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

217

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Demand deposits
Total
demand
and
time
deposits

Date

Total
Adjusted

Unadjusted

States and !
U.S.
Individuals,
Government
political
partnerships,
and corps. subdivisions

Interbank
mestic

Foreign

Certified
ami
officers'
cheeks

1955
Jan.

5
12
19
26

102,321
102,065
101,684
102,084

57,857
57,981
58,368
58,716

80,665
80,369
80,022
80,410

59,012
60,113
59,884
59,383

3,958
3,841
3,981
4,348

2,242
1,502
1,477
1,948

12,012
11,717
11,502
10,695

Feb.

2
9
16
23

100.944
99; 592
101,344
100,169

57,639
57,394
56,598
56,744

79,268
77,921
79,676
78,497

58,317
57,889
58,672
58,311

4,232
4,148
3,984
4,027

2,320
2,330 ;
2,779
2,764

10,821
10,633
10,701
10,110

,352
,326
,376
,396 !

2,226
1,595
2,164

Mar.

2
9
16
23
30

99,902
98,832
102,402
98,799
98,289

56,270
56,769
57,861
56,282
55,590

78,207
77 , 090
80,671
77,040
76,540

57,762
57,795
60,070
57,158
56,474

3,960
3,781
3,722 '
3,966
4,062

2,633
2,078
2,497
2,615
2,534

10,610
10,312
10,755
10,127
10,235

,377
,364
,376
,418
,430 '

1,865
1,760
2,251
1,756
1,805

Apr.

6
13
20
27

100,249
101,642
100,827
100,557

55,086
55,849
56,613
56,969

78,465
79,895
79,128
78,863

56,262
58,293
58,190
57,921

3,819
3,825
3,931
4,216

4,299
3,488
3,132
3,105

10,836
11,025
10,536
10,175

,413
,425
,442
,438

,
1,812
1,897
2,008

May

4
11
18
25

100, 142
100,386
101,287
99,387

55,981
56,234
56,294
56,437

78,461
78,718
79,584
77,669

56,771
57,608
57,777
57,123

4,449 1
4,258
4,350
4,338 I

3,510
3,266
3,841 ,
3,368 '

10,341
10,387
10,254
9,625

,451
,420
,434
,512 1

1,939
1,779
t,928
Ir703

June

1
8
15
22
29

100,600
98,907
103,535
100,995
100,321

56,011
56,374
57,726
57,127
56,156

78,862
77,097
81,723
79,153
78,444

57,624
57,242
60,835
58,451
57,376

4,361
4,162
4,062
4,162
4,258

3,148
2,209 !
2,211
2,681
3,224

10,094
10,354
10,637
10,141
10,108

,505
,428
,448
,485
,522

2,130
1,702
2,530
2,233
1,956

July

6
13
20
27

100,139
101,148
101,823
100,779

55,336
56,113
55,866
56,416

78,319
79,372
80,055
79,033

57,157
58,928
58,050
57,921

4,083
3,H51
3,729
3,886

2,832 !
2,374
4,145
3,937

10,862
10,934
10,529
9,955

,500
,475
,501
,524

1,885
1,810
2,101
1,810

Aug.

3
10
17
24
31

99,750
99,377
100,030
98,559
100,032

55,865
55,645
55,360
55,669
55,931

77,990
77,600
78,257
76,820
78,251

56,984
56,993
57,454
56,786
57,523

3,963
3,900
3,853
3,838
3,990

3,374
3,035
3,168
3,162
3,256

10,441
10,579
10,638
10,031
10,163

,471 ;
,435
,414
,416 j
,418 [

1,757
1,658
1,730
1,587
1,901

Sept.

7
14
21
28

99,089
102,269
100,256
100,128

55,555
56,110
56,263
56,306

77,321
80,464
78,417
78,298

57,310
59,946
58,699
58,316

3,734
3,642
3,636
3,772

2,522
2,102
2,219
2,635

10,665
11,401
10,524
10,188

,423
,442
,436
,464

1,667
1,931
1,903
1,923

Oct.

5
12
19
26

100,283
102,915
101,991
101,144

55,860
55,618
56,293
57,066

78,413
81,008
80,119
79,247

57,857
58,996
59,145
59,094

3,790
3,641
3,606
3,793

2,364 i
3,995 !
3,284
2,932

10,863
10,883
10,614
10,218

,490
,452
,474
,433

2,049
2,041
1,996

Nov.

2
9
16
23
30

101,057
100,593
103,873
101,014
102,028

56,394
55,955
56,047
56,386
56,900

79,092
78,659
82,043
79,196
80,218

58,130
57,994
59,817
58,662
59,475

4,055
3,963
3,976
3,895
3,971

2,876 '
2,496
3,115
2,962
2,870

10,593
10,687
11,246
10,219
10,288

,470
,448 1
,456
,409
,380

1,968
2,071
2,433
2,049
2,234

Dec.

7
14
21
28

100,464
103,466
103,938
105,117

57,256
58,558
58,739
58,882

78,682
81,649
82,101
83,256

59,100
61,940
61 , 348
62,166

3,847
3,863
3,869
4,026

1,890
!,52t
2,329
2,239
!
"

10,546
10,802
11,035
11,057

,421 i
,447
,437
,491

1,878
2,076
2,083
2,277

Digitized for FRASER


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

218 '

1,420
1,403
1,372
1,347

2,021
1,793
1,806
2,689

1,777

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Individ- States and


uals, part- political
subdivinerships,
and corps.
sions

Borrowings

U. S,
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1955
21,656
21,696
21,662
21,674

18,845
18,865
18,857
18,856

,158
,157
,122
,126

213
210
210
2,11

1,440
1,464
1,473
1,481

197
355
136
263

713
669
563
563

2,337
2,383
2,406
2,391

8,176
8,154
8,138
8,172

113,744
113,626
112,927
113,473

Jan,

5
12
19
26

21,676
21,671
21,668
21,672

18,864
18,874
18,875
18,890

,126
,127
,132
,138

208
210
207
205

1,478
1,460
1,454
1,439

506
155
338
193

616
622
640
727

2,431
2,470
2,454
2,509

8,194
8,209
8,202
8,214

112,691
111,048
112,978
111,812

Feb.

2
9
16
23

21,695
21,742
21,731
21,759
21,749

18,930
18,971
18,957
18,996
18,990

,145
,152
,140
,132
,132

205
205
206
206
207

1,415
1,414
1,428
1,425
1,420

212
287
173
375
468

663
712
744
705
806

2,513
2,525
2,261
2,270
2,427

8,244
8,239
8,231
8,239
8,118

111,534
110,595
113,811
110,370
110,108

Mar.

2
9
16
23
30

21,784
21,747
21,699
21,694

19,043
19,001
18,980
18,969

,130
,147
,133
,142

207
206
208
208

1,404
,393
,378
,375

531
423
390
349

591
568
605
681

2,337
2,324
2,308
2,327

8,157
8,155
8,155
8,176

111,865
113,112
112,285
112,090

21,681
21,668
21,703
21,718

18,975
18,976
18,999
19,014

,132
,135
,132
,129

209
209
210
209

,365
,348
,362
,366

547
185
159
319

602
626
799
774

2,273
2,277
2,311
2,287

8,207
8,219
8,233
8,252

111,771
111,693
112,789
111,019

May

4
11
18
25

21,738
21,810
21,812
21,842
21,877

19,037
19,070
1'9,082
19,108
19,173

,113
,122
,099
,085
,059

213
213
215
216
217

,375
,405
,416
,433
,428

388
216
632
253
514

783
737
523
909
693

2,286
2,311
2,093
2,117
2,117

8,267
8,262
8,248
8,249
8,272

112,324
110,433
115,031
112,523
111,917

June

1
8
15
22
29

21,820
21,776
21,768
21,746

19,125
19,093
19,108
19,082

,059
,053
,045
,021

211
211
211
210

,425
,419
,404
,433

483
334
433
371

767
839
741
832

2,070
2,089
2,052
2,107

8,293
8,288
8,277
8,290

111,752
112,698
113,326
112,379

July

21,760
21,777
21,773
21,739
21,781

19,104
19,142
19,110
19,111
19,146

1,018
991
1,021
1,010
1,032

211
210
209
211
207

,427
,434
,433
,407
,396

802
395
494
275
315

498
698
606
726
654

2,102
2,128
2,125
2,181
2,174

8,311
8,312
8,319
8,326
8,366

111,463
110,910
111,574
110,067
111,541

Aug.

21,768
21,805
21,839
21,830

19,128
19,158
19,209
19,210

1,031
1,028
1,007
993

207
202
202
202

,402
,417
,421
,425

467
404
737
538

608
802
388
501

2,198
2,260
2,262
2,286

8,356
8,342
8,339
8,353

110,718
114,077
111,982
111,806

21,870
21,907
21,872
21,897

19,249
19,318
19,292
19,324

979
973
966
954

202
200
199
200

,440
,416
,415
,419

548
773
710
897

532
488
623
308

2,293
2,294
2,318
2,310

8,392
8,401
8,393
8,433

112,048
114,871
114,035
113,092

Oct.

5
12
19
26

21,965
21,934
21,830
21,818
21,810

19,356
19,338
19,195
19,180
19,192

952
947
954
961
971

205
206
205
205
204

,452
,443
,476
,472
,443

1,109
1,106
472
686
495

351
326
626
426
723

2,345
2,387
2,401
2,409
2,495

8,456
8,468
8,453
8,458
8,495

113,318
112,880
115,825
112,993
114,236

Nov.

2
9
16
23
30

21,782
21,817
21,837
21,861

19,197
19,259
19,283
19,354

979
976
990
969

203
205
205
204

,403
,377
,359
,334

842
384
572
377

589
825
668
640

2,450
2,492
2,500
2,417

8,471
8,447
8,451
8,470

112,816
115,614
116,129
117,021

Dec.

7
14
21
28

Digitized for FRASER


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

219

20
27

6
20
27
3
10
17
24
31
J
21
28

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

For purchasing or carrying


secunties

Total

Date
Total

Total
adjusted

Adjusted

Net

Commercial
and
industrial

Agricultural

To
others

To brokers and
dealers

U.S.
Govt.
securities

ii

U.S.
Govt.
securities

Other
securities

Real
estate

Loans
to
banks

Other
securities

Ali
other
;
I
i

Memo :
valtuition
reserves

1956
Jan,

4
11
18
25

88,014
86,608
86,533
86,282

86,513
85,710
85,467
85,209

48 , 327
47,856
47,739
47,559

49 , 828
48,754
48,805
48,632

26,112
25,860
25,790
25,676

561
566
562
565

2,840
2 , <>62
2,633
2,529

Feb.

1
8
15
22
29

85,642
85,135
85,502
85,169
85,430

84,694
84,140
84,310
84,072
84,190

47,741 48,689
47,515 i 48,510
47,611 48,803
47 } 494 48,591
47,694 48,934

25,720
25,635
25,737
25,707
25,796

570
576
564
564
550

2,625
2,492
2ti 182
2,407
2,422

Mar.

7
14
21
28

85,639
86,571
87,588
87,006

84,338
85,349
86,489
85,631

47,914
48,655
49,586
49,373

49,215
49,877
50,685
50,748

25,944
26,536
27,217
27,266

540
541
524
515

2,463
2, >49
2,732
2,436

Apr.

4
11
18
25

86,703
86,583
86,743
86,724

85,454
85,447
85,487
85,340

49,277
49,383
49,504
49,628

50,526
50,519
50,760
51,012

27,095
27,202
27,291
27,364

483
481
479
478

May

2
9
16
23
30

86,567
85,943
86,422
86,422
86,054

85,448
84,887
85,241
85,115
84,724

49,953
49,942
50,167
50,243
49,900

51,072
50,998
51,348
51,550
51,230

27,583
27,558
27,726
27,615
27,307

June

6
13
20
27

86,182
86,599
87,618
87,081

84,726
85,236
86,336
85,622

50,060
50,483
51,354
51,144

51,516
51,846
52,636
52,603

July

4
11
18
25

86,980
86,458
86,279
85,799

85,521
85,132
84,905
84,515

51,097
50,922
50,876
50,723

Aug.

1
8
15
22
29

85,976
85,726
87,256
87,131
86,725

84,609
84,402
86,051
85,857
85i541

Sept.

5
12
19
26

87,010
87,337
87,291
86,965

Oct.

Nov.

Dec.

1,297
11,295
1,283
11,291

8,135
1,501 10.204
8,127 :
898 I0:i72
8,150
,066 10.148
8,160
,073 KM S3

822
826
827
825

1,302
,281
,288
,285
,287

8,154
8,161
8,197
8,194
8,224

948
995
,192
,097
,240

10,197
10,198
10.172
10,175
10,259

827
828
829
838
844

,290
,293
,293
,292

8,254
8,287
8,320
8,341

,301
,222
.099
;375

10,268
10,300
10.350
KU73

845
851
850
850

2,495
2,444
2,:550
2,347

,294
,287
,298
,295

8,344
8,377
8,412
8,424 1

.249 > 10.420


.136 10.447
',256 ' 10i 530
,384 ' 10,575 >

854
855
856
855

470
473
477
478
477

2,412
2,378
2 ?63
2^492
2,435

,298
,281
,278
,280
,277

8,430
8,457
8,471
8,494
8,503

.119 10.618
,056 ! 10,652
,181
10,710
,307 10,743
,330
10,756

858
857
858
859
855

27,498
27,775
28,453
28,389

473
483
463
456

2,430
2,452
2, 598
2,380

,273
,259
,269
,271

8,508
8,547
8,582
8,606

,456
,363
,282
,459

10.732
10,821
10,846
10,899

854
854
857
857

52,556
52,248
52,250
52,007

28,381
28,275
28,195
28,160

462
459
462
463

2,398
2,335
2 362
2^241

,278
,270
,264
,259

8,591
8 ",619
8,627
8,651

.459
,326
,374
,284

10,849
10.827 .
10,824
10,813

862
863
858
864

50,925
50,814
51,131
51,227
51,120

52,292
52,138
52,336
52,501
52,304

28,291
28,282
28,577
28,724
28,711

443
445
452
458
457

2,269
2, 142
2,150
2, 369
1,948

,255
,247
,238
,243
, 235

8,671
8,678
8,716
8,737
8,738

,367
,324
,205
,274
,184

10.864
1 0 . 886
UK 862
10,861
10,895

868
866
864
865
864

85,684
85,868
85,843
85,677

51,295
51,457
5 1 , 599
51,729

52,621
52,926
53,047
53,017

28,894
29,084
29,220
29,246

461
470
474
478

1,905
1, 864
1,925
2,019

,233
,223
,210
,210

8,747
8,775
8,798
8,810

,326
,469
,448
,288

10.925
10.913
101843
10,835

870
872
871
S69

3
10
17
24
31

86,615 85,655
86,597 85,338
87,525 86,066
86,584 i 85,584
86,781 85,660

51,798
51,765
51,858
51,747
51,992

52,758
53,024
53,317
52,747
53,113

29,371
29,356
29,349
29,211
29 , 449

478
477
487
481
482

1,930
1,902
1, )58
1,997
1,975

,230
,224
,217
,211
,208

8,794 1
i 8,815
8,834
8,849
8,957

960
,259
.459
^000
,121

10,871
10,870
10.888
10 ; 876
10,900

876
879
H75
878
879

7
14
21
28

86,639
86,922
87,597
87,441

85,602
85,630
86,43!
86,207

52,209
52,495
52,545
52,461

53,246
53,787
53,711
53,695

29,636
29,948
29,973
29,928

485
491
476
479

1,970
1,911
1 ?63
1^915

,198
,199
,198
,205

8,857
8,870
8,860
8,855

,037 I 10,941
.292 1 10.954
,166
10,953
,234 10,956

878
878
878
H77

5
12
19
26

87,368
87,762
88,853
89,205

86,171
86,473
87,704
87,925

52,722
52,997
53,596
53,777

53,919
54,286
54,745
55,057

30,012
30,342
30,802
30,848

468
469
464
465

2,071
1, 85
2,112
2,214

,197
,197
,202
",202

S.848
8;856
8,865
S",852

.197
!289
,149
,280

877
864
866
871

Digitized for FRASER


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

220

,
1

l|
]

11,003
11,012
11,017
11,067

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities

Total

Bills

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

1956
29,957
29,686
29 , 509
29,475

1,535
1,395
1,348
1,351

866
859
811
820

27,556
27,432
27,350
27,304

8,229
8,168
8,219
8,175

9,097
8,479
8,525
7,578

1,061
1,068
1,011
995

13,916
13,706
13,734
13,474

2,768
2,534
2,554
2,422

83
74
71
72

1,832
1,845
1,901
1,905

116,771
114,314
114,329
[12,728

Jan.

4
11
18
25

28,822
28,498
28,542
28,395
28,272

1,044
938
1,074
948
910

698
638
617
613
586

27,080
26,922
26,851
26,834
26,776

8,131
8,127
8,157
8,183
8,224

7,913
6,898
9,533
8,002
8,285

919
942
960
972
931

13,609
13,422
13,591
13,015
13,284

2,390
2,304
2,590
2,456
2,377

66
65
65
62
74

1,984
1,956
1,934
1,919
1,992

112,523
110,722
114,175
111,595
112,373

Feb.

1
8
15
22
29

28,157
28,431
28,654
27,995

763
987
1,113
837

563
611
865
708

26,831
26,833
26,676
26,450

8,267
8,263
8,249
8,263

7,292
8,776
7,921
7,420

917
986
929
998

13,288
13,389
13,470
13,382

2,383
2,552
2,539
2,533

67
69
61
68

1,955
1,967
1,898
1 ,958

111,541
114,310
114,406
113,365

Mar.

7
14
21
28

27,852
27 , 696
27,695
27,509

750
699
839
782

663
645
635
618

26,439
26,352
26,221
26,109

8,325
8,368
8,288
8,203

7,430
8,209
8,229
7,639

914
979
957
969

13,291
13',417
13,452
13,321

2,622
2,664
2,678
2,445

65
68
65
74

1,927
1,911
1,926
1,946

112,952
113,831
114,050
113,118

Apr.

4
11
18
25

27,357
26,939
27,082
26,877
26,873

753
572
736
634
679

588
568
578
549
544

26,016
25,799
25,768
25,694
25,650

8,138
8,006
7,992
7,995
7,951

8,121
7,297
9,228
8,021
8,090

895
948
917
966
980

13,412
13,344
13,204
13,197
13,133

2,421
2,294
2,555
2,359
2,350

70
70
71
63
74

1,972
1,995
1,935
1,965
1,995

113,458
111,891
114,332
112,993
112,676

May

2
9
16
23
30

26,719
26,745
27,055
26,582

629
651
796
683

517
543
622
358

25,573
25,551
25,637
25,541

7,947
8,008
7,927
7,896

7,517
9,074
8 , 529
7,999

925
1,003
967
1,003

13,180
13,570
13,573
13,283

2,341
2,571
2,541
2,611

58
63
60
68

2,021
2,038
1,967
2,000

112,224
114,918
115,255
114,045

June

6
13
20
27

26,559
26,349
26,264
26,050

688
583
538
551

355
345
372
362

25,516
25,421
25,354
25,137

7,865
7,861
7,765
7,742

9,142
8,604
9,565
7,715

922
1,025
979
974

13,649
13,287
13,381
13,095

2,645
2,559
2,562
2,374

66
57
62
71

1,995
1,982
1,988
2,007

115,399
113,972
114,816
112,035

July

4
11
18
25

25,978
25,824
27,199
26,859
26,576

498
435
716
626

25,130
25,068
25,100
24,973
24,841

7,706
7,764
7,721
7,771
7,845

8,229
7,272
9,427
7,796
7,474

915
936
934
953
1,017

13,048
12,960
13,456
13,448
13,120

2,427
2,287
2,523
2,368
2,413

156
61
71
115
119

1,970
2,068
2,086
2,046
2,108

112,721
111,310
115,753
113,857
112,976

Aim.

548

350
321
,383
,260
,187

1
8
15
22
29

26,501
26,545
26,383
26,096

463
575
760
605

,117
,114
,056
970

24,92t
24,856
24,567
24,521

7,888
7,866
7,861
7,852

8,116
9,296
8,823
8,457

931
1,059
994
1,024

13,290
13,251
13,529
13,412

2,462
2,561
2,581
2,533

112
112
110
118

2,115
2,118
2,102
2,140

114,036
US, 734
115,430
114,649

Sept.

5
12
19
26

25,979
25,732
26,392
26,057
25,961

486
347
1,070
909
818

953
905
851
813
790

24,540
24,480
24,471
24,335
24,353

7,878
7,841
7,816
7,780
7,707

8,199
8,028
9,883
7,947
8,781

927
1,011
968
1,003
963

13,627
13,286
13,428
13,630
13,402

2,507
2,404
2,708
2,392
2,446

111
114
126
129
167

2,150
2,141
2,147
2,181
2,259

114,136
113,581
116,785
113,866
114,799

Oct.

3
10
17
24
31

25,752
25,599
26,254
26,141

630
601
,265
,260

825
783
779
762

24,297
24,215
24,210
24,119

7,641
7,536
7,632
7,605

8,563
10,220
9,442
8,539

990
1,067
977
1,092

13,441
13,082
13,741
13,518

2,504
2,670
2,441
2,487

116
114
62
66

2,235
2,266
2,224
2,259

114,488
116,341
116,484
115,402

Nov.

7
14
21
28

25,820
25,884
26,578
26,654

,144
,261
,919
,936

720
714
714
724

23,956
23,909
23,945
23,994

7,629
7,592
7,530
7,494

8,609
9,731
9,280
9,490

1,019
1,165
1,148
1,221

13,645
13,609
14,151
13,708

2,379
2,517
2,684
2,763

48
58
58
64

2,300
2,309
2,267
2,275

115,368
117,151
118,441
118,726

Dec.

5
12
19
26

Digitized for FRASER


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

221

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Demand deposits
Total
demand
and
time
deposits

Date

Total
Adjusted

Unadjusted

i
Individuals, States and a
U.S.
Interbank
political
Government . , .,,.
partnerships,
j
and corps. subdivisions Ij
Domestic
Foreign

(l

,
,

Certified
and
officers1
checks

1956
Jan.

4
11
18
25

104,613
102,385
102,163
100,559

58,384
58,421
58,572
58,735

82,771 |
80,603
80,418
78,866

61,156
60,813
60,959
59,977

4,122
4,046
4,081
4,516 .

2,101
1,139
880
872

11,703
11,137
10,972
10,213 j

,486
,427
,469
,468

2,203
2,041
2,057
1,820

Feb.

1
g
15
22
29

100,330
98,444
101,536
99,371
99,957

57,607
57,047
56,391
56,105
56,230

78,685 i
76,782
79,903 ,
77,716
78,265

58,946 !
58,004
59,798
58,069
58,326

4,399
4,284
4,241
4,145
4 t 319

1,477
1,191 1
1,862
2,155
2,391

10.165
10,174 i
10,627 i
9,968
9,878

.523
,472
,490
,486
,481

2,175
1,657
1,885
1,893
1,870

Mar.

7
14
21
28

98,972
101,820
101,807
100,819

56,417
57,603
56,500
55,733

77,269
80,031
80,020
79,009 !

57,701
60,553
58,329
57,147

4,113
4,020
4,044
4,254

1,722
1,614
3,958
4,342

10,323 3
10,522
10,155
9,996

.515 !
,516
,486
,518

1,895
1,806
2,048
1,752

Apr.

4
11
18 i
25

100,471
101,159
101.406
100,398

55,392
56,211
56,713
56,908

78,634
79,358 1
79,614 \
78,631

56,886
58,392
58,842
58,257

4,122
4,014
4,083 i
4,281

3,404
2,426
2,483
2,624

10,858
10,932
10,662
9,939

,550
,580
,527
,521

1,814
2,014
2,017
2,009

2
16
23
30

100,879
99,212
101,778
100,209
100,100

55,896
55,559
54,999
55,444
55,521

79,112
77,437 i
79,963
78,345
78,242

57,224
56,694
57,943
56,988
57,319

4,632
4,339
4,315
4,231
4,451

3,343
2,998
3,848
3,797
3,669

10,235
10,064
10,362
9,561
9,464

,517
,519
,526
,522
,498

2,161
1,823
1,969
2,246
1,841

6
13
20
27

99,485
102,106
102,455
101,454

55,641
56,974
56,905
56,210

77,506
80,083
80,348
79,268

57,057
60,050
59,128
57,960

4,230
4,128
4,200
4,367

2,614
2,190
3,116
3,420

10,241
10,363
10,335
10,171

,493
,482
,463
,468

1,871
1,870
2,106
,882

18

4
11

25

102,637
101,208
102,179
99,398

55,248
55,346
55,774
56,114

80,468
79,112
80,130
77.328

57,689
58,026
58,677
57,868

4,471
4,089
3,923
4,044

3,605
2,477
2,334
1,794

10,977
11,194
10,921
10,129

,496
.491
1536
,576

2,230
1,835
2,739
1,917

Aug.

1
8
15
22
29

100,009
98,258
102,752
100,706
100,256

55,556
55,428
54,697
55,007
55,381

77,929
76,169
80,680
78,592
78,107

57,492
56,968
58,167
56,939
57,026

4,168
3,948
3,922
3,891
3,928

2,085
1,371
4,006
4,053
3,648

10.465
10>81
10,945
10,147
10,052

,594
,617
.605
',5S9
,552

2,125
1,784
2,035
1,973
1,901

Sept.

5
12
19
26

100,801
102,464
102,332
101,573

54,920
55,777
55,908
55,374

78,678
80,240
80,142
79,368

57,327
59,485
59,098
57,961

3,949
3,777
3,640
3,831

3,205
2,294
2,689
3,404

10.843
11,307
11,112
10,543

,594
,566
,610
',590

1,760
1,811
1,993
2,039

Oct.

3
10
17
24
31

100,889
100,353
103,525
100,591
101,718

54,915
55,289
55,623
56,206
56,069

78,664
78,125
81,311
78,383
79,481

57,448
57,904
60,057
58,713
58,980

3,800
3,741
3,570
3,673
4,007

3,010
2,264
2,752
2,114
2,303 i|

19,980
11,012
11,510
10.563
10;725

,560
,532
;543
,553
,603

1,866
,672
,879
,767
,863

Nov.

7
14
21
28

100,883
103,115
103,114
102,297

55,588
55,882
55,900
56,632

78,704
81,102
81,169
80,354

58,529
60'.431
59,370
59,296

3,710
3,691
3,772
3,909

1,822
1,769
3,301
2,877

11,146
11,594 i
10,864
10,646

,585
,637
,662
,660

,912
,980
2,200
1,966

Dec.

5
12
19
26

101,897
103,842
105,004
105,362

56,745
58,266
58,148
58,214

79,936
81,789
82,870
83,097

59,422
61,871
61,356
61,707

3,933
3,933
3,905
3,953

2,087
1,151
2,412
2,380

10,806
10,996
11,368
1 1 , 326

,689 1
,645 !
,662
,687

1,999
2,193
2,167
2,044

May

June

July

Digitized for FRASER


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

222

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time, deposits

Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

Borrowings

U.S.
Government

Interbank
Domestic

From
F. R.
Banks

Foreign

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1956
21,842
21,782
21,745
21,693

19,363
19,356
19,327
19,272

961
961
955
959

207
202
204
203

,311
,263
,259
,259

344
702
751
733

1,096
484
657
615

2,241
2,263
2,300
2,346

8,477
8,480
8,458
' 8,475

116,771
114,314
114,329
112,728

Jan.

4
11
18
25

21,645
21,662
21,633
21,655
21,692

19,251
19,273
19,250
19,291
19,331

963
969
982
975
992

202
208
209
206
202

,229
,212
,192
,183
,167

836
718
851
545
496

504
672
843
687
851

2,341
2,358
2,388
2,421
2,467

8,512
8,530
8,557
8,571
8,602

112,523
110,722
114,175
111,595
112,373

Feb.

1
8
15
22
29

.21,703
21,789
21,787
21,810

19,354
19,412
19,393
19,406

983
,010
,025
,032

198
195
195
195

,168
,172
,174
,177

507
574
966
566

960
843
701
936

2,501
2,474
2,336
2,422

8,601
8,599
8,596
8,622

111,541
114,310
114,406
113,365

Mar.

7
14
21
28

21,837
21,801
21,792
21,767

19,414
19,382
19,323
19,311

,044
,044
,055
,058

200
197
200
180

,179
,178
,214
,218

541
864
722
747

857
727
857
865

2,443
2,378
2,381
2,410

8,640
8,703
8,684
8,698

112,952
113,831
114,050
113,118

Apr.

4
11
18
25

21,767
21,775
21,815
21,864
21,858

19,304
19,334
19,352
19,368
19,378

,072
,050
,049
,054
,041

179
180
180
180
111

,212
,211
,234
,262
,262

792
852
556
590
381

666
672
844
982
949

2,386
2,413
2,406
2,456
2,482

8,735
8,742
8,748
8,756
8,764

113,458
111,891
114,332
112,993
112,676

May

2
9
16
23
30

21,979
22,023
22,107
22,186

19,492
19,548
19,596
19,652

,049
,027
,025
,031

176
175
177
176

,262
,273
,309
,327

365
529
637
343

1,104
984
965
1,017

2,490
2,524
2,420
2,444

8,780
8,775
8,778
8,787

112,224
114,918
115,255
114,045

June

6
13
20
27

22,169
22,096
22,049
22,070

19,641
19,588
19,576
19,593

1,002
999
1,006
1,007

184
183
182
180

,342
,326
,285
,290

471
526
380
362

1,129
1,057
1,061
1,003

2,346
2,363
2,395
2,459

8,816
8,818
8,801
8,813

115,399
113,972
114,816
112,035

July

4
11
18
25

22,080
22,089
22,072
22,114
22,149

19,596
19,616
19,613
19,645
19,661

1,004
1,011
1,009
1,009
1,005

' 180
180
178
178
178

,300
,282
,272
,282
,305

315
570
669
685
322

1,079
1,096
928
1,002
852

2,464
2,531
2,556
2,607
2,671

8,854
8,855
8,848
8,857
8,875

112,721
111,310
115,753
113,857
112,976

Aug.

1
8
15
22
29

22,123
22,224
22,190
22,205

19,657
19,727
19,713
19,739

998
992
976
966

180
181
185
183

,288
,324
,316
,317

574
487
344
479

1,114
1,200
1,158
929

2,660
2,696
2,715
2,755

8,887
8,887
8,881
8,913

114,036
115,734
115,430
114,649

Sept.

5
12
19
26

22,225
22,228
22,214
22,208
22,237

19,760
19,778
19,769
19,765
19,794

971
948
939
930
929

190
189
189
189
189

,304
,313
,317
,324
,325

902
511
398
767
427

666
1,013
1,173
748
817

2,747
2,769
2,765
2,824
2,858

8,932
8,935
8,924
8,936
8,979

114,136
113,581
116,785
113,866
114,799

Oct.

3
10
17
24
31

22,179
22,013
21,945
21,943

19,771
19,629
19,565
19,556

895
889
889
898

184
185
184
186

,329
,310
,307
,303

1,006
267
547
265

768
1,115
980
921

2,840
2,862
2,860
2,908

8,991
8,982
8,983
9,011

114,488
116,341
116,484
115,402

Nov.

7
14
21
28

21,961
22,053
22,134
22,265

19,598
19,701
19,752
19,886

899
900
927
922

184
185
181
182

,280
,267
,274
,275

510
399
659
519

978
911
828
868

2,940
2,957
2,914
2,934

9,043
9,042
9,036
9,043

115,368
117,151
118,441
118,726

Dec.

5
12
19
26

Digitized for FRASER


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

223

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,

(In millions
Loans and
investments

Loans
For purchasing or carrying
securities

Total

Date
Total

Total
adjusted

Adjusted

Net

Commercial
and
industrial

Agricultural

To brokers and
dealers

U.S.
Govt.
securities

To
others

U.S.
Govt,
securities

Other
securities

Real
j estate

Loans
to
banks

All
othet

Memo:
valuation
reserves

8,839
8,832
8,831
8,807
8,790

1,390
1,261
1,293
1,321
1,177

11,06
10,97
10,9
10,86
10,86

1,008
1,007
1,009
1,009
1,013

S,770
8,782
8,766
8,762

1.034
1,411
1,062
1,397

10, 83
10,84
10,80
10,81

1,017
1,015
1,015
1,018

Other
securities

1957
Jan.

2
9
16
23
30

89,024
87,459
87,796
86,904
86,474

87,634
86,198
86,503
85,583
85,297

53,375
52,501
52,255
51,855
51,776

54,765
53,762
53,548
53,176
52,953

30,681
30,298
30,143
29.900
29,816

456
455
452
449
444

2,130
j j * 145
1 '745
Mi59
1,689

1,208
1,2101
1,190
1,1 83
1,182

Feb.

6
13
20
27

86,103
86,239
86,131
86,435

85,069
84,828
85,069
85,038

51,664
51,712
51,748
51,779

52,698
53,123
52,810
53,176

29,726
29,817
29,910
29,871

436
440
437
443

1,761
M>94
1,689
1,760

1,155
1,1 51
1,153
1 , 148

Mar.

6
13
20
27

86,249
87,099
88,118
87,028

84,975
85,653
86,747
85,604

51,887
52,310
53,115
52,831

53,161
53,756
54,486
54,255

30,007
30,410
31,149
31,012

437
434
430
431

1,797
1,''91
1,822
1,670

1,150
1,1 56
1,148
1,146

8,736
8,740
8,746
8,740

1,274
1,446
1,371
1,424

10,80
10,82
10,86
10,8?

1,043
1 ,045
1,044
1,042

Apr.

3
10
17
24

88,298
87,976
88,389
87,933

87,253
86,930
87,268
86,716

52,944
52,888
53,251
53,072

53,989
53,934
54,372
54,289

30,906
30,961
31,103
30,928

416
415
421
421

1,952
i,iB4
1,874
1,842

1,152
1 J 55
1,176
1,174

8,691
8,690
8,699
8,690

1,045
1,046
1.121
1^217

10,87
10;87
11.02
11",06

1,046
1,046
1,046
1,045

May

1
8
15
22
29

88,170
87,333
87,153
86,954
87,469

87,129
86,087
85,905
85,626
86,242

53,454
52,988
53,134
52,926
52,756

54; 495
54,234
54,382
54,254
53,983

31,030
30,921
31,147
30,906
30,661

420
417
422
422
416

2,113
1,' 62
1,667
1,-r06
1,765

1,173
1 J 67
1,159
1 , 1 56
1,156

8,679
8,665
8,669
8,664
8,661

1,041
1,246
1,248
1,328
1,227

11,08
11,10
11,11
11,12
11,14

1,047
1,047
1,047
1,049
1,047

June

5
12
19
26

87,634
87,647
88,725
88,196

86,210
86,754
87,670
86,972

52,834
53,413
54,434
54,454

54,258
54,306
55,489
55,678

30,750
31,094
32,039
32,097

420
425
424
428

1,767
1,940
1,5>69
1,842

1.163
f.168
1 . 1 70
1,169

1.424
8,649
8,667 : '893
8,675
1,055
8,667 : 1,224

11,13
11,16
11,20
11,30

1,049
1,048
1,048
1,050

July

3
10
17
24
31

89,303
88,670
88,260
87,605
87,597

88,204
87,581
87,090
86,244
86,365

54,282
53,972
53,852
53,496
53,568

55,381
55,061
55,022
54,857
54,800

31,877
31,755
31,641
31,355
31,310

433
431
429
428
428

1,892
1J 10
1,679
l,t 10
1,660

1,184
1,1 62
1,157
1.143
1,142

8,649
8,645
8,657
8,666
8,675

1,099
1,089
1,170
1,361
1,232

11,30
11,32
11,34
11,35
11,41

1,056
1,055
1,056
1,056
1,059

Aug.

7
14
21
28

87,048
87,276
88,241
87,718

85,955
85,868
86,973
86,470

53,541
53,650
54,064
53,935

54,634
55,058
55,332
55,183

31,322
31,537
31,790
31,583

420
428
427
429

1,644
1,548
1,- 55
1,810

1 , 140
1,136
1 J 32
1,120

8,665
8,685
8,682
8,696

1,093
1,408
1,268
1,248

11,40
11,37
11,33
11,35

1,058
1,059
1,059
1,058

Sept.

4
11
18
25

87,836
87,760
88,230
87,745

86,281
86,581
87,052
86,558

53,864
54,115
54,597
54,332

55,419
55,294
55,775
55,519

31,616
31,843
32,163
31,967

430
436
440
441

1,692
1, 75
1,791
1,748

1,133
1,1 16
1,129
1,114

8,683
8,708
8,718
8,725

1,555
1,179
1,178
1,187

11,36
11,39
11,41
11,39

1,056
1,057
1,057
1,057

Oct.

2
9
16
23
30

89,087
88,454
88,340
87,682
88,103

87,898
87,267
87,292
86,539
86, 743

54,563
54,228
54,253
53,603
53,614

55,752
55,415
55,301
54,746
54,974

31,885
31,697
31,663
31,363
31,304

446
440
440
444
452

2,021
1,5 21
1,922
1 < 89
1,'642

1,118
1,118
1,116
1,1 11
1,106

8,727
8,729
8,759
8,769
8,758

1,189
1,187
1,048
1,143
1,360

11,42
11,38
11,41
11,38
11,41

1,061
1,060
1,058
1,058
1,059

Nov.

6
13
20
27

87,577
87,725
87,427
87,495

86,277
86,103
86,332
86,072

53,535
53,684
53,726
53,329

54,835
55,306
54,821
54,752

31,301
31,387
31,353
31,093

450
449
441
434

1,554
1,590
1,737
1,610

8,751
8,776
8,777
8,777

1,300 ' 11,43


1,622 11,45
1,095 11,38
1,423 11,38

1,060
1,061
1,063
1,063

4
11
18
25
31

88,483
88,705
90,028
89,671
89,693

86,858
87,390
88,578
88,487
88,987

53,496
53,908
54,689
54,518
54,658

55,121
55,223
56,139
55,702
55,364

31,135
31,385
31,872
31,853
31,801

437
434
433
435
436

1,756
1,9 15
2,190
2,022
2,190

8,761
8,779
8,780
8,772
8,761

1,625
1,315
1,450
1,184
706

11,37
11,36
11,37<

1,067
1,070
1,066
1,068
1,132

Dec.

Digitized for FRASER


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

224

1
I

1,102
1,091
1,094
1,093

1,094

M 05
1,106
1,114
1,154

!
1

11,39*
11,44

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

26,774
26,272
26,823
26,330
26,101

2,093
1,697
2,298
1,907
1,681

703
690
706
681
680

23,978
23,885
23,819
23,742
23 , 740

7,485
7,425
7,425
7,398
7,420

11,061
8,265
9,621
8,214
7,841

1,132
1,086
1,000
1,003
1,017

13,600
13,665
13,587
13,639
13,530

3,156
2,525
2,621
2,490
2,304

60
62
59
60
72

2,314
2,304
2,323
2,323
2,374

120,347
115,366
117,007
114,633
113,612

Jar,.

2
9
16
23
30

25,921
25,672
25,809
25,723

1,443
1,257
1,426
1,461

780
743
823
746

23,698
23,672
23,560
23,516

7,484
7,444
7,512
7,536

7,664
9,688
8,341
8,757

920
1,040
980
1,014

13,756
13,119
13,595
13,359

2,330
2,441
2,431
2,364

74
72
63
62

2,380
2,370
2,365
2,351

113,227
114,969
113,906
114,342

Feb.

6
13
20
27

25,532
25,676
25,990
25,164

1,251
1,370
1,763
1,317

773
783
761
415

23,508
23 , 523
23,466
23,432

7,556
7,667
7,642
7,609

8,091
8,910
8,504
8,155

950
1,031
961
991

13,217
13,194
13,437
13,038

2,345
2,476
2,535
2,584

67
62
63
61

2,347
2,339
2,295
2,333

113,266
115,111
115,913
114,190

Mar.

6
13
20
27

26,635
26,305
26,258
25,972

1,243
1,112
1,146
1,034

1,608
1,467
1,421
1,347

23,784
23,726
23,691
23,591

7,674
7,737
7,759
7,672

8,743
7,800
9,141
8,203

905
967
956
996

13,818
13,482
13,415
13,519

2,467
2,348
2,541
2,393

74
71
73
66

2,349
2,365
2,371
2,408

116,654
115,009
116,886
115,518

Apr.

3
10
17
24

26,034
25,552
25,221
25,114
25,878

1,125
880
867
850
1,665

1,311
1,302
1,620
1,615
1,581

23,598
23 , 370
22,734
22,649
22,632

7,641
7,547
7,550
7,586
7,608

9,687
7,663
10,116
8,231
8,585

897
944
929
966
942

13,736
13,389
13,388
13,198
13,368

2,497
2,350
2,512
2,345
2,242

56
62
60
50
72

2,460
2,451
2,421
2,402
2,399

117,503
114,192
116,579
114,146
115,077

May

1
8
15
22
29

25,790
25,690
25,633
24,917

1,638
1,585
1,541
985

,561
,536
,527
,429

22,591
22,569
22,565
22,503

7,586
7,651
7,603
7,601

7,945
9,310
8,914
8,809

924
1,013
977
1,026

13,113
13,619
13,505
13,350

2,358
2,432
2,457
2,409

65
66
64
68

2,419
2,411
2,323
2,381

114,458
116,498
116,965
116,239

June

5
12
19
26

26,310
26,020
25,642
25,223
25,241

2,334
2,013
1,725
1,481
1,504

,475
,455
,409
,327
,342

22,501
22,552
22,508
22,415
.22,395

7,612
7,589
7,596
7,525
7,556

9,378
8,689
9,652
8,198
8,798

899
1,026
988
995
966

13,576
13,351
13,400
13,334
13,275

2,463
2,359
2,513
2,404
2,463

212
79
72
70
63

2,207
2,342
2,355
2,367
2,468

118,038
116,516
117,240
114,973
1 1 5 , 630

July

3
10
17
24
31

24,821
24,646
25,303
24,914

1,286
1,177
1,918
1,623

,714
,655
,582
,562

21,821
21,814
21,803
21,729

7,593
7,572
7,606
7,621

7,470
9,053
8,359
8,782

930
1,017
973
1,043

13,047
12,818
13,017
13,242

2,320
2,478
2,356
2,265

62
60
57
60

2,445
2,501
2.538
2,621

1 1 3 , 322
115,203
115,541
115,731

Aug.

7
14
21
28

24,787
24,762
24,747
24,537

1,473
1,469
1,458
,306

,583
,586
,578
,506

21,731
21,707
21,711
21,725

7,630
7,704
7,708
7,689

8,693
8,997
9,510
8,319

965
1,056
1,006
1,025

12,792
13,072
13,431
13,128

2,444
2,401
2,523
2,388

64
60
63
60

2,622
2,627
2,608
2,617

115,416
115,973
117,371
115,282

Sept.

4
11
18
25

25,654
25,324
25,346
25,270
25,191

1,197
1,061
1,120
1,128
1,156

,732
,673
,668
,639
,600

22,725
22,590
22,558
22,503
22,435

7,681
7,715
7,693
7,666
7,938

9,110
8,205
9,933
8,216
8,617

953
996
977
1,017
1,053

13,325
13,168
13,232
13,363
13,367

2,385
2,350
2,554
2,341
2,344

63
58
64
57
73

2,679
2,693
2,668
2,692
2,702

117,602
115,924
117,768
115,368
116,259

Oct.

2
9
16
23
30

24,959
24,785
24,938
25,010

1,011
883
,006
,007

,584
,601
,666
,713

22,364
22,301
22,266
22,290

7,783
7,634
7,668
7,733

9,015
9,740
9,462
9,479

973
1,087
1,015
1,023

13,176
12,862
13,608
13,340

2,335
2,455
2,379
2,354

55
59
63
53

2,709
2,705
2,646
2,706

115,840
116,633
116,600
116,450

Nov.

6
13
20
27

25,619
25,630
26,010
26,087
26,423

,042
,124
,470
,533
,888

,697
,726
,730
,725
,752

22,880
22,780
22,8110
22,829
22,783

7,743
7,852
7,879
7,882
7,906

8,903
9,109
9,819
9,732
11,841

1.038
1,170
1,181
1,112
1,131

13,421
13,734
13,834
13,807
13,670

2,329
2,346
2,617
2,599
3,193

58
58
72
70
74

2,748
2,725
2,662
2,657
2,712

116,980
117,847
120,213
119,648
122,314

Dec.

4
11
18
25
31

1957

Digitized for FRASER


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

225

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Demand deposits
Total
Adjusted

Unadjusted

Individuals, States and


U.S.
Government
political
partnerships,
and corps. subdivisions

Interbank
Domestic

Foreign

Certified
and
officers'
checks

1957
Jan.

2
9
16
23
30

107,497
102,421
104,224
101,795
100,668

57,629
57,760
58,523
58,296
58,076

85,230
80,036
81,717
79,254
78,087

61,966
60,130
61,976
60,545
59,951

4,183
4,011
4,183
4,095
4,211

2,181
949
643
624
790

12,640
11,425
11,329
10,537
9,854

1,719
1,637
1,601
1,583
1,526

2,541
,884
,985
,870
,755

Feb.

6
13
20
27

99,910
101,611
100,491
101,010

56,874
56,423
56,214
56,370

77,263
78,934
77,746
78,211

58,685
60,408
58,701
59,228

4,083
3,888
4,030
4,099

873
844
1,518
1,554

10,338
10,500
10,140
9,991

1,514
1,479
1,533
1,539

,770
,815
,824
,800

Mar.

6
13
20
27

99,710
101,639
102,402
100,895

55,791
56,905
55,704
55,472

76,798
78,534
79,204
77,651

57,951
60,262
58,458
57,769

4,031
3,796
3,808
4,033

1,008
958
3,062
2,304

10,361
10,240
10,382
10,244

1,547
1,521
1,552
1,476

,900
,757
,942
1,825

Apr.

3
10
17
24

103,263
101,523
103,619
102,231

55,118
55,588
56,588
56,695

79,928
78,169
80,341
78,950

57,179
57,763
59,483
58,793

4,045
3,872
4,121
4,193

3,946
2,756
2,289
2,354

10,646
10,518
10,783
10,148

1,475
1,507
1,540
1,550

2,637
1,753
2,125
1,912

May

1
8
15
22
29

103,934
100,652
103,094
100,625
101,573

56,213
55,273
55,057
55,151
55,149

80,608
77,260
79,638
77,090
77,890

58,635
56,859
58,910
57,316
57,383

4,545
4,361
4,297
4,315
4,439

2,822
2,581
2,327
2,334
3,214

10,298
10,156
10,559
9,748
9,406

1,588
1,587
1,579
1,626
1,536

2,720
1,716
1,966
1,751
1,912

June

5
12
19
26

101,063
102,887
103,578
103,025

55,320
56,448
56,276
55,729

77,329
79,124
79,910
79,240

57,144
59,718
59,105
58,013

4,371
4,272
4,092
4,483

2,367
1,511
2,800
3,125

10,173
10,330
10,327
9,903

1,524
1,525
1,593
1,674

1,750
1,768
1,993
2,042

July

3
10
17
24
31

104,651
103,336
104,144
101,881
102,610

54,307
54,750
55,167
55,570
55,550

80,906
79,585
80,353
78,100
78,843

57,306
57,438
58,972
57,915
58,276

4,238
4,109
3,836
3,945
4,169

5,004
3,820
3,060
2,349
2,381

10,576
10,664
10,814
10,286
10,447

1,641
1,662
1,660
1,697
1,667

2,141
1,892
2,011
1,908
1,903

Aug.

7
14
21
28

99,992
101, 6i2
101,844
101,850

55,096
54,683
54,482
54,973

76,176
77,815
78,052
78,035

56,832
58,233
57,159
57,374

4,108
3,839
3,838
3,878

1,313
1,423
3,124
2,647

10,568
10,902
10,301
9,972

1,729
1,754
1,786
1,661

1,626
1,664
1,844
2,503

Sept.

4
11
18
25

101,498
102,180
103,224
101,268

54,413
55,671
55,094
54,788

77,652
78,253
79,278
77,247

57,290
59,048
58,789
57,485

3,932
3,802
3,784
3,887

2,203
1,020
2,043
2,173

10,645
10,880
10,973
10,352

1,698
1,685
1,658
1,615

1,884
1,818
2,031
1,735

Oct.

2
9
16
23
30

103,647
101,999
104,075
101,490
102,124

54,015
54,344
54,774
55,383
55,805

79,566
77,865
79,922
77,340
77,973

57,159
56,850
59,352
58,193
58,495

3,872
3,650
3,581
3,702
3,857

4,008
2,757
2,087
1,662
1,683

10,737
10,843
11,383
10,354 i
10,154

1,696
1,716
1,745
1,725
1,714

2,094
2,049
1,774
1,704
2,070

Nov.

6
13
20

101,803
102,505
102,389
102,335
102,705
103,556
105,907
105,538
109,690

54,800
55,025
55,110
55,464

77,687
78,538
78,502
78,402
78 ,727
79,448
81,773
81,235
85,184

57,758
59,215
58,456
58,772

3,987
3,677
3,729
4,005

1,400
1,158
1,913 '
1,758

10,773
10,949
10,378
10,062

1,699
1,666
1,639
1,639

2,070
1,873
2,387
2,166

58,063
59,833
60,040
59,800
61,887

3,981
3,825
3,917
4,013
4,331

2,332
1,418
2,374
2,800
2,458

10,493
10,559
11,259
10,851
12,305

1,610
1,652
1,670
1,683
1,693

2,248
2,161
2,513
2,088
2,510

27

Dec.

4
11
18
25
31

Digitized for FRASER


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

55,389
56,710
56,651
56,169
56,887

226

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Borrowings

Time deposits

Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

U. S.
Government

Interbank
Domestic

From
F. R.
Banks

Foreign

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1957
22,267
22,385
22,507
22,541
22,581

19,919
20,022
20,143
20,169
20,214

916
935
942
948
939

182
184
182
182
183

,250
,244
,240
,242
,245

309
254
179
262
475

788
929
878
830
682

2,713
2,717
2,703
2,719
2,740

9,040
9,045
9,023
9,027
9,047

120,347
115,366
117,007
114,633
113,612

Jan.

2
9
16
23
30

22,647
22,677
22,745
22,799

20,268
20,292
20,363
20,407

956
959
965
964

181
179
180
183

,242
,247
,237
,245

723
359
741
304

728
1,115
745
1,101

2,778
2,794
2,854
2,810

9,088
9,090
9,075
9,117

113,227
114,969
113,906
114,342

Feb.

6
13
20
27

22,912
23,105
23,198
23,244

20,499
20,684
20,759
20,819

987
990
1,002
994

180
179
181
180

,246
,252
,256
,251

670
475
781
451

970
1,079
998
1,054

2,811
2,818
2,642
2,671

9,105
9,100
9,090
9,119

113,266
115,111
115,913
114,190

Mar,

6
13
20
27

23,335
23,354
23,278
23,281

20,897
20,912
20,838
20,834

,004
,009
,016
,040

182
185
184
182

,252
,248
,240
,225

1,009
1,086
719
562

593
554
658
776

2,654
2,702
2,762
2,814

9,135
9,144
9,128
9,135

116,654
115,009
116,886
115,518

Apr.

3
10
17
24

23,326
23,392
23,456
23,535
23,683

20,870
20,938
20,969
21,037
21,082

,063
,066
,079
,087
,111

181
181
182
181
179

,212
,207
,226
,230
,311

978
634
532
535
688

559
882
914
958
759

2,853
2,835
2,856
2,839
2,856

9,179
9,189
9,183
9,189
9,201

117,503
114,192
116,579
114,146
115,077

May

1
8
15
22
29

23,734
23,763
23,668
23,785

21,129
21,180
21,111
21,205

,105
,097
,098
,124

180
181
180
181

,320
,305
,279
,275

366
1,071
910
615

1,019
468
610
755

2,790
2,860
2,658
2,611

9,220
9,212
9,209
9,233

114,458
116,498
116,965
116,239

June

5
12
19
26

23,745
23,751
23,791
23,781
23,767

21,171
21,174
21,221
21,227
21,219

,125
,116
,132
,125
,123

188
187
186
186
187

,261
,274
,252
,243
,238

970
792
564
270
271

618
544
664
826
682

2,553
2,600
2,641
2,764
2,671

9,246
9,244
9,227
9,232
9,396

118,038
116,516
117,240
114,973
115,630

July

3
10
17
24
31

23,816
23,797
23,792
23,815

21,275
21,265
21,285
21,292

,119
,136
,133
,135

186
187
185
185

,236
,209
,189
,203

645
395
582
605

611
988
808
857

2,654
2,801
2,898
2,979

9,420
9,407
9,409
9,440

113,322
115,203
115,541
115,731

Aug.

7
14
21
28

23,846
23,927
23,946
24,021

21,319
21,398
21,397
21,451

,130
,130
,136
,133

185
186
187
186

,212
,213
,226
,251

366
640
951
672

1,129
720
750
856

2,975
2,986
3,018
3,034

9,448
9,447
9,428
9,452

115,416
115,973
117,371
115,282

24,081
24,134
24,153
24, 150
24,151

21,494
21,574
21,612
21,631
21,635

,143
,132
,116
,109
,111

184
181
181
181
179

,260
,247
,244
,229
,226

595
582
524
548
589

841
743
588
702
887

3,045
3,112
3,065
3,104
3,093

9,474
9,488
9,516
9,524
9,566

117,602
115,924
117,768
115,368
116,259

Oct.

2
9
16
23
30

24,116
23,967
23,887
23,933

21,654
21,535
21,447
21,487

,066
,043
,057
,063

176
175
170
169

,220
,214
,213
,217

551
266
928
410

851
1,187
593
950

3,045
3,089
3,113
3,154

9,590
9,586
9,577
9,601

115,840
116,633
116,600
116,450

Nov.

6
13
20
27

23,978
24, 108
24,134
24,303
24,506

21,507
21,619
21,622
21,762
21,951

,086
,101
,134
,168
1,175

167
168
167
166
167

,218
,220
,211
,207
,213

380
784
694
671
22

1,097
709
828
676

3,192
3,214
3,187
3,147
2,967

9,606
9,584
9,597
9,616
9,635

116,980
117,847
120,213
119,648
122,314

Dec.

4
11
18
25
31

Digitized for FRASER


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

227

it

18
25

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

Date
Total

'

For purchasing or carrying


securities

Total

Total
adjusted

Adjusted

Net

Commercial
and
industrial

Agricultural

To brokers and
dealers

U.S.
Govt.
securities

Other
securities

To
others

U.S.
Govt.
securities

Real
estate

Other
securities

Loans
to
banks

1
1

All
other

Memo ;
valuation
reserves

1958
11,431
1 1 , 398
1 1 , 329
11,308

1,132
1,133
,133
,133

11,420
11,411
11,316
11,251

,139
,139
,140
,139

,687
,552
,609
,430

11,247
11,162
11,156
11,116

,141
,143
,147
,145

8,695
8,712
8,729
8,735
8,746

,404
,740
1,766
1,650
1,501

11,135
11,114
11,205
11,189
11,235

,151
,151
,153
,152
,157

,312
,298

8,757
8,774
8,800
8,821

,497
,360
,561
,523

11,196
11,207
11,168
11,195

,156
,157
,159
,158

2,774
3,177
3,671
3,170

,296
,287
.388

8,817
8,853
8,870
8,891

,681
,707
,604
,423

11,165
11,160
11,191
11,246

,160
,162
,165
,167

510
762
767
111
790

2,819
2,530
2,4 21
2,456
2,323

1,433
1.462
l . <158
All

8,890
10.652
10.698
IQ'.1Q5
10,744

,494
,622
,387
,487
,347

11,257
12,586
12,590
12,567
12,604

,1H2
,244
,242
,243
,243

29,769
29,837
30,077
30,051

788
804
822
814

2,095
,910
, 30
,687

,315
,281

10,742
10,786
10,827
10,847

,615
,633
,332
,628

12,622
12,620
12,639
12,666

,246
,246
,246
,247

58,065
58,237
58,690
58,148

30,038
30,246
30,637
30,476

815
808
799
797

,852
,$ 60
,714
1,689

,288

* *>90

10.856
10.886
10.933
10,964

,711
,624
,769
,525

12,755
12,776
12,799
12,655

,250
,251
1,251
1,250

56,871
56,799
57,156
56,952
57,074

58,699
58,244
58,748
58,431
58,548

30,521
30,470
30,699
30,555
30,569

798
801
808
816
829

1,830
1,747
I /'42
M562
1,660

,271
.263
,;74
.;no
,280

10,982
11,047
11,124
11,153
11,189

,828
,445
,592
,479
,474

12,715
12,712
12,753
12,740
12,789

1,246
1,241
1,244
1,244
1,242

101,900
101,662
101,743
103,196

57,379
57,629
57,721
57,917

59,030
59,611
59,091
59,118

30,688
30,844
30,861
30,836

832
841
838
840

1,757
1,800
1,-'98
1,935

,276
,275

11,244
J 11.288

1^269

11J381

,651 12,827
,982 12,829
,370 i 12,868
,201 12,905

1,245
1,248
1,247
1,249

102,901
103,116
103,991
103,913
104,688

57,995
58,348
59,193
59,161
59,867

59,661
60,170
60,785
60,477
60,605

30,928
31,066
31,450
31,408
31,699

827
832
836
843
841

1,876
2,044
2 104
2,: 20
2,569

1,273
1,279

,666 1 12,967
,822 i 12,958
,592 1 13,013
11,455
11,471 i 1.316 13,070
738 13,252
11,487

1,250
1,251
1,251
1,249
1,296

Jan.

8
15
22
29

89,094
88,391
88,146
87,644

87,744
87,018
86,521
86,187

53,748
53,211
52,673
52,245

55,098
54,584
54,298
53,702

31,130
30,843
30,337
30,119

439
436
438
437

2,022
1,815
1 ,* 33
1,645

1,108
1,105
1, 16
1,125

8,750
8,747
8,753
8,744

,350
,373
,625
,457

Feb.

5
12
19
26

88,770
88,689
88,460
88,804

87,066
87,156
87,027
87,361

52,726
52,679
52,422
52,281

54,430
54,212
53,855
53,724

29,912
29,806
29,932
29,925

447
443
438
442

2,230
2,303
1,5 68
1,882

1,124
1,117
1, 171
1,178

8,732
8,738
8,737
8,742

,704
,533
.433
,443

Mar.

5
12
19
26

90,263
90,960
92,083
91,243

88,576
89,408
90,474
89,813

52,434
52,776
53,551
53,006

54,121
54,328
55,160
54,436

29,716
29,847
30,513
30,499

445
445
448
448

2,267
2,555
2,682
2,070

1,191
1,185
1,189
i;284

8,709
8,725
8,710
8,734

Apr.

2
9
16
23
30

90,945
91,574
94,479
93,702
93,984

89,541
89,834
92,713
92,052
92,483

52,699
52,962
53,575
53,036
52,995

54,103
54,702
55,341
54,686
54,496

30,313
30,131
30,129
29,714
29,645

450
458
454
460
462

1,983
2,4U8
2,931
2," 76
2,749

1,274
1 r4>80

7
14
21
28

93,470
93,145
93,364
93,623

91,973
91,785
91,803
92,100

52,533
52,395
52,029
52,068

54,030
53,755
53,590
53,591

29,581
29,546
29,378
29,241

470
470
473
477

2,373
2,257
2,C>67
2,204

June

4
11
18
25

94,615
95,241
97,592
97,256

92,934
93,534
95,988
95,833

52,492
53,029
54,252
53,801

54,173
54,736
55,856
55,224

29,122
29,229
29,803
29,780

478
485
494
500

July

2
9
16
23
30

96,756
103,784
103,186
102,969
102,516

95,262
102,162
101,799
101,482
101,169

53,513
57,051
56,818
56,509
56,313

55,007
58,673
58,205
57,996
57,660

29,786
30,303
30,126
29,830
29,710

Aug.

6
13
20
27

104,749
104,184
103,764
103,670

103,134
102,551
102,432
102,042

56,085
55,992
56,224
56,096

57,700
57,625
57,556
57,724

3
10
17
24

103,722
104,040
103,606
102,652

102,011
102,416
101,837
101,127

56,354
56,613
56,921
56,623

Oct.

1
8
15
22
29

103,166
103,372
104,010
103 , 394
103,266

101,338
101,927
102,418
101,915
101,792

Nov.

5
12
19
26

103,551
103,644
103,113
104,397

3
10
17
24
31

104,567
104,938
105,583
105,229
105,426

May

Sept.

Dec.

Digitized for FRASER


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

228

1^280

1,"J14
1,315

J02
J288

,381

,385

>75
,i>78

88

,292

67

1 Hr286
\ Z98
t

i'ti\~5

11.336
11,374
11,420

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with-

U.S. Government securities

Total

Bills

Certificates

Notes
and
bonds

Other
securities

Cash
items
in
process
of collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

1958
26,087
25,945
25,861
25,923

,581
,485
,389
,431

,734
,714
,796
,799

22,772
22,746
22,676
22,693

7,909
7,862
7,987
8,019

8,459
10,008
8,769
7,782

1,077
1,028
1,011
1,031

13,758
13,635
13,782
13,458

2,420
2,633
2,417
2,480

1,271
63
65
64

1,502
2,723
2,838
2,899

117,581
118,481
117,028
115,358

Jan.

8
15
22
29

26,290
26,313
26,452
26,856

,458
,400
,254
,552

,051
,087
,076
,119

22,781
22,826
24,122
24,185

8,050
8,164
8,153
8,224

8,498
8,777
8,109
8,163

905
1,013
952
1,012

13,452
13,264
13,562
13,469

2,505
2,503
2,694
2,518

57
55
63
56

2,960
2,931
2,855
2,925

117,147
117,232
116,695
116,947

Feb.

5
12
19
26

27,707
28,025
28,255
28,108

1,963
2,069
2,247
2,120

,149
,136
,170
,156

24,595
24,820
24,838
24,832

8,435
8,607
8,668
8,699

8,423
9,373
8,593
8,414

890
1,000
952
978

13,262
13,457
13,512
13,109

2,434
2,510
2,461
2,607

54
58
62
60

2,978
2,923
2,888
2,898

118,304
120,281
120,551
119,309

Mar.

5
12
19
26

28,113
28,055
30,164
30,107
30,548

2,057
1,945
2,092
1,918
2,146

,140
,159
,131
,149
,169

24,916
24,951
26,941
27,040
27,233

8,729
8,817
8,974
8,909
8,940

8,148
7,745
10,169
8,982
9,576

901
965
952
968
922

12,960
13,031
13,560
13,297
12,982

2,964
2,413
2,623
2,445
2,698

64
62
61
68
89

2,891
2,852
2,835
2,845
2,949

118,873
118,642
124,679
122,307
123,200

Apr.

2
9
16
23
30

30,496
30,511
30,856
31,093

,895
,819
,887
,964

,191
,225
,318
,298

27,410
27,467
27,651
27,831

8,944
8,879
8,918
8,939

7,948
9,288
8,281
8,155

909
994
964
1,049

13,018
12,855
12,879
12,877

2,400
2,789
2,683
2,769

81
74
76
83

2,871
2,866
2,799
2,810

120,697
122,011
121,046
121,366

May

7
14
21
28

31,289
31,216
32,399
32,615

,925
,735
2,327
2,421

,346
,351
,598
,621

28,018
28,130
28,474
28,573

9,153
9,289
9,337
9,417

8,789
8,939
10,230
8,744

927
1,010
999
1,010

12,840
13,210
13,548
13,387

2,613
2,649
2,725
2,696

102
104
108
109

2,905
2,897
2,774
2,779

122,791
124,050
127,976
125,981

June

4
11
18
25

32,575
34,999
34,814
34,723
34,651

2,294
2,188
2,018
1,989
2,015

,650
,776
,762
,808
,802

28,631
31,035
31,034
30,926
30,834

9,174
10,112
10,167
10,250
10,205

9,516
9,148
10,221
9,802
8,453

968
,144
,130
,137
,169

13,318
13,757
14,015
13,886
13,643

2,962
3,092
3,154
3,032
3,070

123
114
116
119
117

2,766
2,948
2,939
2,983
3,063

126,409
133,987
134,761
133,928
132,031

July

2
9
16
23
30

36,826
36,308
35,942
35,584

2,248
1,918
1,732
1,541

4,841
4,780
4,692
4,629

29,737
29,610
29,518
29,414

10,223
10,251
10,266
10,362

8,531
9,497
8,672
8,218

,048
,154
,114
,185

13,733
13,798
13,752
13,577

2,945
2,957
2,878
2,705

109
121
122
109

3,058
3,038
2,897
2,978

134,173
134,749
133,199
132,442

Aug.

6
13
-20
27

35,346
35,340
34,579
34,139

1,485
1,709
1,685
1,417

4,592
4,510
4,430
4,379

29,269
29,121
28,464
28,343

10,311
10,463
10,337
10,365

8,994
9,124
9,829
8,258

,127
,178
,142
,173

13,394
13,447
13,463
13,349

2,927
2,860
3,053
2,801

118
117
111
115

2,991
2,970
2,921
2,950

133,273
133,736
134,125
131,298

Sept.

3
10
17
24

34,103
34,695
34,834
34,570
34,351

1,477
2,114
2,079
1,984
1,882

4,345
4,339
4,365
4,257
4,191

28,281
28,242
28 , 390
28 , 329
28,278

10,364
10,433
10,428
10,393
10,367

10,036
8,451
1 1 , 608
9,270
8,874

,073
,125
,144
,169
,204

13,258
13,430
13,727
13,922
13,483

2,967
2,700
3,040
2,793
2,819

120
114
117
103
98

2,995
2,945
2,915
2,910
2,966

133,615
132,137
136,561
133,561
132,710

Oct.

1
8
15
22
29

34,260
34,017
34,004
35,225

1,821
1,644
1,657
2,887

4,172
4,161
4,158
4,213

28,267
28,212
28,189
28,125

10,261
10,016
10,018
10,054

10,353
10,546
9,780
10,264

,111
,245
,175
,161

13,452
12,916
13,840
14,112

2,846
3,012
2,832
2,812

96
95
91
95

3,030
3,086
3,001
2,996

134,439
134,544
133,832
135,837

Nov.

5
12
19
26

34,891
34,609
34,636
34,618
34,627

2,546
2,257
2,339
2,366
2,400

4,363
4,364
4,340
4,325
4,325

27,982
27,988
27,957
27,927
27,902

10,015
10,159
10,162
10,134
10,194

9,653
9,349
10,818
10,736
12,912

,190
,298
,314
,177
,220

13,465
13,501
14,128
14,159
13,816

2,787
2,769
3,107
2,970
3,672

90
87
87
101
110

3,058
3,035
2,991
2,982
3,014

134,810
134,977
138,028
137,354
140,170

Dec.

3
10
17
24
31

Digitized for FRASER


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

229

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Demand deposits
Total
Adjusted

Unadjusted

U.S.
Individuals, States and
political
Government
partnerships,
and corps. subdivisions

Interbank
Domestic

Foreign

Certified
and
officers'
cheeks

1958
Jan.

Feb.

Mar.

Apr.

May

June

July

103,615
105,065
102,959
101,672

56,356
56,532
56,556
56,134

79,167
80,433
78,235
76,749

58,647
60,399
58,845
57,924

4,119
4,064
4,099
4,176

1,364

844
855

1,048

11,311
11,465
10,501
10,252

,677
,584
,554
,533

2,049
2,077
2,381
1,816

103,226
103,124
102,843
103,020

55,880
55,548
54,882
54,943

77,977
77,558
77,107
77,120

57,554
58,224
56,893
57,040

4,312
4,193
4,118
4,141

1,417
1,222
2,144
2,308

10,681
10,526
10,493
10,203

,501
,485
,479
,503

2,512
1,908
1,980
1,925

103,917
106,029
106,334
105,584

54,503
56,031
55,243
54,507

77,739
79,629
79,775
78,808

56,624
59,231
57,703
56,381

4,216
4,008
4,027
4,227

2,405
1,982
3,699
3,935

10,914
10,738
10,749
10,499

,494
,505
,491
,453

2,086
2,165
2,106
2,313

105,207
104,434
110,303
108,048
109,209

54,119
55,251
56,491
56,361
55,699

78,372
77,408
83,126
80,733
81,776

56,070
56,829
59,290
57,922
57,863

4,286
4,193
4,746
4,651
4,937

3,092
1,711
3,471
3,131
3,945

11,519
11,199
11,490
10,746
11,009

,494
,502
,505
,513
,547

J,911
1,974
2,624
2,770
2,475

14
21
28

106,614
108,134
106,934
107,272

54,915
54,706
54,671
55,434

79,033
80,477
79,159
79,366

56,272
57,750
56,476
56,917

4,625
4,438
4,608
4,739

3,670
3,436
3,919
3,556

10,949
11,479
10,770 ;|
10,751

,551
,568
,518
,470

1,966
1,806
1,868
1,933

4
11
18
25

108,461
109,543
113,898
112,115

55,686
57,100
57,434
55,266

80,479
81,366
85,691
83,715

57,195
59,267
60,019
57,067

4,923
4,660
4,564
4,601

3,193
2,432
5,057
7,324

11,367
11,353
11,411
10,870

,444
,542
,559
,511

2,357
2,112
3,081
2,342

2
9

112,540
118,968
120,139
119,203
117,405

56,090
58,912
59,735
60,549
60,755

84,039
86,625
87,852
86,880
85,041

57,176
61,121
63,158
62,703
62,322

4,426
4,697
4,481
4,544
4,637

6,372
4,783
4,170
3,325
2,816

12,061
12,290
12,065
11,551
11,383

,530
,492
,661
,653
,634

2,474
2,242
2,317
3,104
2,249

13
20
27

118,972
119,541
118,151
117,259

59,849
59,670
59,438
59,953

86,540
87,114
85,781
84,862

61,460
62; 674
61,672
61,753

4,668
-4,448
4,462
4,536

4,484
4,210
4,485
3,881

12,026
12,123
11,591
11,191

,650
,614
,595
,619

2,252
2,045
1,976
1,882

3
10
L7
24

117,987
118,181
118,796
115,886

59,613
60,814
60,939
59,716

85,574
85,625
86,428
83,541

61,822
63,360
64,263
61,782

4,657
4,451
4,338
4,363

3,673
2,294
2,116
2,923

11,717
11,885
12,041
11,206

,577
,508
,503
,438

2,128
2,127
2,167
1,829

118,180
116,819
121,200
117,763
117,455

60,118
59,773
60,329
60,933
61,541

85,912
84,514
88,896
85,471
85,149

62,996
62,082
65,768
64, 145
64,045

4,577
4,223
4,121
4,176
4,396

2,620
3,193
3,121
2,359
2,077

11,710
11,667
12,390
11,410
11,165

,428
,430
,448
,499
,492

2,581
1,919
2,048
1,882
1,974

118,626
118,374
117,918
119,710

60,749
61 , 170
61,169
61,589

86,373
86,286
85,942
87,750

64,164
65,208
64,466
64,980

4,772
4,464
4,403
4,620

1,968
1,347
2,157
3,645

11,860
11,760
11,336
10,776

,443
,463
,500
,476

2,166
2,044
2,080
2,253

118,746
118,975
122,270
121,625
126,175

61,520
63,298
63,800
62,877
63,507

86,774
86,912
90, 172
89,314
93,665

64,239
65,914
67,267
66,591
68,599

4,595
4,554
4,585
4,587
4,841

2,893
1,466
2,152
2,829
2,952

11,244
11,288
11,846
11,310
12,709

,464
,511
556
,562
,585

2,339
2,179
2,766
2,435
2,979

15
22
29

12
19
26
12
19
26
9
16
23
30

16
23
30

Aug.

Sept.

Oct.

Nov.

Dec,

Digitized for FRASER


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

8
15
22
29
12
19
26

10
17
24
31

230

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued

of dollars)
Time deposits
Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

Borrowings

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1958

24,448
24,632
24,724
24,923

21,907
21,961
21,029
22,062

,183
,192
,201
,216

137
134
134
137

1,221
1,345
1,360
1,508

619
128
298
118

754
697
1,043
782

2,944
2,947
3,094
3,111

9,649
9,644
9,634
9,675

117,581
118,481
117,028
115,358

Jan.

8
15
22
29

25,249
25,566
25,736
25,900

22,157
22,245
22,306
22,390

,304
,362
,380
,443

136
136
134
134

1,652
1,823
1,916
1,933

75
143
68
79

999
1,053
862
807

3,149
3,211
3,217
3,311

9,698
9,701
9,705
9,730

117,147
117,232
116,695
116,947

Feb.

5
12
19
26

26,178
26,400
26 , 559
26,776

22,578
22,720
22,832
22,969

,474
,516
,528
,540

142
139
137
137

1,984
2,025
2,062
2,130

56
155
191
48

1,195
994
1,129
711

3,402
3,358
3,157
3,203

9,734
9,745
9,740
9,763

118,304
120,281
120,551
119,309

Mar.

5
12
19
26

26,835
27,026
27,177
27,315
27,433

23,003
23,138
23,217
23,290
23,367

,551
,571
,625
,672
,703

139
140
141
142
142

2,142
2,177
2,194
2,211
2,221

53
89
255
190
63

670
1,145
1,147
1,024
111

3,158
3,171
3,194
3,242
3,304

9,785
9,803
9,780
9,803
9,853

118,873
118,642
124,679
122,307
123,200

Apr.

2
9
16
23
30

27,581
27,657
27,775
27,906

23,488
23,508
23,609
23,701

,759
,778
,792
,781

139
141
143
145

2,195
2,230
2,231
2,279

75
56
40
54

859
648
883
837

3,264
3,291
3,300
3,297

9,885
9,882
9,889
9,906

120,697
122,011
121,046
121,366

May

7
14
21
28

27,982
28,177
28,207
28,400

23,769
23,940
23,939
24,076

,805
,861
,907
,969

144
144
143
145

2,264
2,232
2,218
2,210

81
104
106
60

961
1,104
913
707

3,350
3,354
3,109
3,128

9,938
9,945
9,950
9,971

122,791
124,050
127,976
125,981

June

4
11
18
25

28,501
32,343
32,287
32,323
32,364

24,168
27,713
27,832
27,861
27,906

1,956
2,200
2,142
2,139
2,136

171
168
166
169
170

2,206
2,262
2,147
2,154
2,152

52

783
1,078
712
836
616

3,058
3,229
3,251
3,268
3,326

9,976
10,612
10,581
10,594
10,621

126,409
133,987
134,761
133,928
132,031

July

78
27
63

2
9
16
23
30

32,432
32,427
32,370
32,387

27,996
28,019
27,998
28,028

2,123
2,113
2,073
2,057

170
171
170
172

2,143
2,124
2,129
2,140

224
106
198
111

996
1,098
857
1,022

3,332
3,350
3,343
3,379

10,649
10,654
10,650
10,671

134,173
134,749
133,199
132,442

32,413
32,556
32,368
32,345

28,062
28,169
28,033
28,054

2,046
2,025
2,005
1,989

169
171
168
168

2,136
2,191
2,162
2,134

127
406
164
278

1,117
1,102
1,238
1,152

3,359
3,367
3,264
3,311

10,683
10,680
10,663
10,671

133,273
133,736
134,125
131,298

Sept.

3
10
17
24

32,268
32,305
32,304
32,292
32,306

28,067
28,112
28,138
28,161
28,192

1,928
1,910
1,896
1,875
1,866

169
169
171
171
172

2,104
2,114
2,099
2,085
2,076

151
322
158
705
236

1,305
1,023
1,248
1,089
943

3,261
3,234
3,236
3,292
3,329

10,718
10,739
10,719
10,712
10,747

133,615
132,137
136,561
133,561
132,710

Oct.

1
8
15
22
29

32,253
32,088
31,976
31,960

28,191
28,048
27,941
27,957

1,802
1,791
1,773
1,747

172
173
172
172

2,088
2,076
2,090
2,084

409
256
482
859

1,257
1,680
1,210
1,016

3,371
3,457
3,450
3,456

10,776
10,777
10,772
10,796

134,439
134,544
133,832
135,837

Nov.

5
12
19
26

31,972
32,063
32,098
32,311
32,510

27,964
28,029
28,069
28,179
28,390

1,742
1,754
1,729
1,791
1,800

172
173
174
183
185

2,094
2,107
2,126
2,158
2,135

246
335
465
696
21

1,491
1,369
1,099
911
I

3,518
3,500
3,406
3,316
3,139

10,809
10,798
10,788
10,806
10,834

134,810
134,977
138,028
137,354
140,170

Dec.

3
10
17
24
31

Digitized for FRASER


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

too

231

t6

20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

Date
Total

Total
adjusted

For purchasing or carrying


securities

Total

Adjusted

Net

Commercial
and
industrial

Agricultural

To brokers
and dealers

To commercial ,
banks

Tononbank
financial
institutions

To
others

Personal
and
U.S.
sales Other
U.S.
fiGovt. j Other Govt. Other
secu- secu- secu- secu- nance
rities rities rities rities cos.
etc.
. ..

Real
estate

Domestic

All
other

Foreign

Memo:
valuation
reserves

1959
11,426
ll,475i
11,496
11,505

5H5
533
535
747

13,118
13,053
13,078
13,077

1,305
1,308
1,307
1 , 305

11,530
1 1 , 567
11,583
1 1 , 599

705
639
595
910

13,099
13,111
13,141
13,162

1,307
1 , 307
1,308
1,312

11,586
11,618
11,645
11,672

695
704
459
728

13,197
13,212
13,297
13,309

1,314
1,316
1,319
1,318

11,694
11,728
1 1 , 774
11,795
1 1 , 820

970
520
627
483
832

13,378
13,423
13,489
13,565
13,647

1,317
1,318
1,319
1,318
1,318

11,851
11,918
11,950
11,971

537
704
842
789

13,656
13,735
13,803
13,889

1,321
I f 323
1,322
1,325

11,985
12,042
12,098
12,136

846
787
314
I 602

13,930
14,019
14,146
14,195

1,329
1,328
1,330
1,332

596
593
609
618
610

13,834
13,842
13,904
13,953
14,005

1,345
1,349
1,353
1,354
1,361

,388
,487
,201
,378

598
599
619
613

14,090
14,127
14,144
14,204

1,366
1,368
1,367
I f 368

,108
,467
,456
,210
735

639
652
647
644
67?

14,254
14,257
14,312
14,313
14,392

1,368
1,367
1,366
1,365
1,367

1,601
1,619 :
1,635
1,662

12,785 ' 1,165


12,817 1,281
727
12,836 j
947
12,849

677
671
686
673

14,375
14,417
14,401
14,416

1,367
1,366
1,366
1*365

3,807
3,712
3,739
3,735

1,683
1,681
1,690 !
1,688

12,828 1,356
12,862 1,204
12,884 ,098
12,899 ,368

716
743
734
750 1

14,519
14,510
14,472
14,479

1,367
1,367
1 366
1,366

1,185 3,835
1,193 13,841
1,193 4,250
1,198 4,304
1,181 4,472

1,734
1,713
1,711
1,717
1,758

12,895 ,457
12,916 ,501
12,974 ,315
12,975 ,601
12,975 1,274

111
797
784
789
809

14,573
14,576
14,641
14,647
14,680

1,371
1,369
1,366
I 367
I 370

Jan.

7
14
21
28

104,693
103,870
104,817
104,617

103,108
102,337
103,282
102,870

58,849
58 , 379
58,352
58,156

60,434
59,912
59,887
59,903

31,078
30,925
30,700
30,549

819
826
820
822

2,4 CO
2,0 74
2,2 26
2,1 46

,3 13
,3 34
,3 39
,3 62

Feb.

4
11
18
25

104,278
103,641
103,368
103,476

102,573
102,002
101,773
101,566

57,983
57,920
58,031
58,123

59,688
59,559
59,626
60,033

30,447
30,449
30,542
30,543

815
814
809
811

2,0 46
1,9 28
1,9 02
1,9 39

,3 53
,3 58
,3 62
,3 81

Mar,

4
11
18
25

103,174
103,668
103,905
103,070

101,479
101,964
102,446
101,342

58,189
58,551
59,337
59,219

59,884
60,255
60,796
60,947

30,601
30,976
31,508
31,491

811
808
818
827

1,9 38
M 83
2,C 04
1,* 52

,3 70
,3 70
,3 84
,3 86

Apr.

1
8
15
22
29

105,244
104,482
104,959
104,215
104,332

103,274
102,962
103,332
102,732
102,500

59,800
59,511
60,066
60,074
60,178

61,770
61,031
61,693
61,557
62,010

31,473
31,305
31,557
31,517
31,524

833
839
855
850
861

2,: 09
2,1 25
2,:.88
2,2,35
2,;.26

,4 09
,42
,4 30
,4 18

6
20
27

103,654
104,927
104,538
104,238

102,117
103,223
102,696
102,449

60,359
60,768
60,890
60,876

61,896
62,472
62,732
62,665

31,660
31,880
31,964
31,957

862
868
870
878

2,2.39
2,:.69
2,:.00
2,C)75

3
10
17
24

104,133
104,340
104,384
103,968

102,287
102,553
103,070
102,366

60,954
61,362
62,352
62,220

62,800
63,149
63,666
63,822

31,923
32,160
32,930
32,904

870
884
901
896

2, 149
2, 60

106,296
106,759
107,945
107,163
106,803

104,761
105,669
106,735
105,963
105,483

64,119
63,999
64,540
64,565
64,590

65,654
65,089
65,750
5,765
65,910

28,678
28,610
28,714
28,790
28,771

905
909
916
918
929

294
429
615
456
403

1,898
1,776
1,762
1,739
1,708

161
171
169
169
168

t,259
1,247
1,261
1,278
1,280

3,846
3,767
3,868
3,901
3,939

1,476
1,470
1,495 ;
1,514
1,540

12,517
12,534
12,580
12,583
12,598

,535
,090
,210
,200
,320

19
26

106,418
106,176
106,532
106,561

105,030
104,689
105,331
105,183

64,813
64,979
65,369
65,390

66,201
66,466
66,570
66,768

28,877
28,953
29,102
29,173

926
928
942
941

356
322
403
407

1,708
1,756
1,769
1,701

170
169
170
169

1,283
1,217
1,270
1,265

4,032
4,021
4,089
4,069

1,552
1,576
1,577
1,540

12,587
12,625 i
12,651 i
12,676 ,

Sept.

2
9
16
23
30

106,161
106,317
106,910
105,915
105,623

105,053
104,851
105,454
104,705
104,888

65,400
65,259
65,881
65,688
66,133

66,508
66,726
67,337
66,898
66,868

29,182
29 , 195
29,537
29,566
29,669

936
939
947
951
966

340
336
334
298
402

1,690
1,608
1,612
1,590
1,664

168
162
165
166
166

1,278
1,257
1,246
1,227
1,199

4,059
3,945
4,106
3,927
3,973

1,555
1,567
1,580
1,583
1,613

12,667
12,708
12,761
12,788
12,779

Oct.

7
14
21
28

105,515
105,395
105,969
105, 645

104,350
104,114
105,242
104,698

66,002
66,054
66,217
66,025

67,167
67,335
66,944
66,972

29,704
29,895
29,740
29,706

958
963
950
958

313
287
513
434

1,744
1,631
1,716
1,686

164
163
176
161

1,200
1,187
1,197
1,198

3,848
3,770
3,733
3,647

Nov.

4
11
18
25

106,545
105,660
105,658
105,523

105,189
104,456
104,560
104,155

66,670
66,483
66,741
66,669

68,026
67,687
67,839
68,037

29,878
29,919
30,113
30,095

960
964
959
942

575
398
385
314

1,705
1,705
1,779
1,778

164
155
157
161

1,202
1,201
1,195
1,194

Dec.

2
9
16
23
30

107,026
106,802
107,983
107,882
107,965

105,569
105,301
106,668
106,281
106,691

67,119
66,963
68,487
68,431
68,874

68,576
68,464
69,802
70,032
70,148

30,207
30,228
30,624
30,692
30,665

936
941
941
939
953

426
262
608
410
453

1,768
1,716
1,977
1,970
2,131

154
149
150
157
167

May

June

,u,y

15
22
29

Aug.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

2,;102
2,()17

232

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,4 30

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,4 04

li

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
U.S. Government securities
Notes and bonds maturing
Other
securities

Cash
items
in
process
of
collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Total

Bills

Certificates

34,078
33,801
34,862
34,701

2,258
2,218
2,248
2,193

4,210
4,051
3,925
3,817

27,610
27,523
28,689
28,691

10,181
10,157
10,068
10,013

10,117
11,301
10,264
9,369

,203
,256
,158
,189

13,946
13,729
13,903
13,643

2,883
2,974
2,847
2,748

87
85
83
81

2,944
2,961
2,992
3,020

135,873
136,176
136,064
134,667

Jan,

7
14
21
28

34,529
34,138
33,758
33,412

2,192
2,049
2,451
2,351

3,864
3,742
3,991
3,808 . . _ _ _ _ . -

28,473
10,061
9,944
28,347
9,984
27,316
27,253 . _ . _ _ . _ . 10,031

9,413
10,106
10,367
9,969

,064
,153
,136
,204

13,636
13,344
13,637
13,484

2,740
2,773 1
2,848
2,797

84
77
77
78

3,055
3,075
2,962
2,949

134,270
134,169
134,395
133,957

Feb.

4
11
18
25

33,199
33,178
32,852
31,905

2,355
2,450
2,326
2,189

3,751
3,716 _ _ _ . . _
3,598
2,904

27 , 093
27,012
26,928
26,812

10,091
10,235
10,257
10,218

10,006
9,873
10,377
9,066

,049
,148
,122
,148

13,249
13,193
14,031
13,364

2,794
2,805
2,889
2,691

77
72
85
75

2,980
2,939
2,876
2,933

133,329
133,698
135,285
132,347

Mar.

4
11
18
25

33,123
32,980
32,687
32,229
31,877

2,676
2,652
2,502
2,249
2,160

2,854
2,856
2,816
2,730
2,673

27 , 593
27,472
27,369
27,250
27,044

10,351
10,471
10,579
10,429
10,445

10,670
9,335
11,905
10,314
9,815

,080
,096
,120
,147
,177

13,210
13,771
13,935
13,809
13,518

3,412
2,690
3,117
2,734
2,779

78
74
78
75
70

3,006
2,937
2,934
2,899
2,990

136,700
134,385
138,048
135,193
134,681

Apr.

1
8
15
22
29

31,484
32,250
31,549
31,277

1,987
3,024
2,590
2,408

2,630
2,585
2,458
2,435

26,867
26,641
26,501
26,434

10,274
10,205
10,257
10,296

9,662
10,976
9,910
9,640

,065
,177
,143
,195

13,672
13,580
13,102
13,254

2,668
2,784
2,847
2,705

71
78
90
77

2,990
3,013
2,973
2,980

133,782
136,535
134,603
134,089

May

31,095
30,994
30,598
30,061

2,360
2,345
2,164
1,722

2,372
2,342
2,262
2,211

26,363
26,307
26,172
26,128

10,238
10,197
10,120
10,085

9,804
9,959
11,306
9,672

,098
,172
,169
,201

13,166
13,308
13,734
13,331

2,702
2,749
2,968
2,712

82
90
90
72

3,032
3,074
2,978
3,025

134,017
134,692
136,629
133,981

June

3
10
17
24

30,363
31,351
31,880
31,091
30,632

1,766
2,870
3,533
3,047
2,772

2,178
2,121
2,076
2,046
1,876

1,743
1,742
,690
,560
,543

17,945
17,822
17,810
17,669
17,687

6,731
6,796
6,771
6,769
6,754

10,279
10,319
10,315
10,307
10,261

11,614
9,902
12,335
10,221
9,401

,149
,175
,196
,203
,236

13,076
13,532
13,633
13,809
13,384

3,033
2,682
2,957
2,790
2,674

60
65
68
62
68

3,214
3,135
3,154
3,102
3,139

138,442
137,250
141,288
138,350
136,705

July

1
8
15
22
29

30,030
29,582
29,836
29,656

2,360
2,084
2,476
2,394

1,185
1,162
,116
,113

,588
,552
,843
,809

18,102
18,015
17,636
17,594

6,795
6,769
6,765
6,746

10,187
10,128
10,126
10,137

9,630
10,531
10,071
9,241

,092
,229
,183
,220

13,313
13,108
13,208
13,256

2,710
2,790
2,780
2,668

74
74
77
89

3,235
3,246
3,108
3,043

136,472
137,154
136,959
136,078

Aug.

5
12
19
26

29,442
29,331
29,281
28,751
28,511

2,312
2,255
2,331
2,060
2,008

,112
,115
,103
,057
,050

,750
,734
,687
,636
,618

17,541
17,504
17,425
17,272
17,114

6,727
6,723
6,735
6,726
6,721

10,211
10,260
10,292
10,266
10,244

9,800
9,978
11,997
10,072
11,217

,147
,229
,221
,252
,180

13,219
12,910
13,358
13,284
13,081

2,775
2,894
3,132
2,811
2,994

68
73
94
81
78

3,121
3,138
3,099
3,107
3,220

136,291
136,539
139,811
136,522
137,393

Sept.

2
9
16
23
30

28,058
27,835
28,879
28,584

1,671
1,497
2,330
2,114

,089
,090
,100
,133

,623
,587
,541
,530

16,964
16,924
17,150
17,069

6,711
6,737
6,758
6,738

10,290
10,225
10,146
10,089

9,940
12,329
10,889
10,366

,159
,278
,232
,275

13,211
13,062
13,674
13,657

2,703
3,061
2,841
2,712

72
79
84
90

3,214
3,240
3,151
3,183

135,814
138,444
137,840
136,928

Oct.

7
14
21
28

28,447
28,083
27,932
27,622

1,909
1,628
1,598
1,499

,273
,295
,160
,128

,585
,554
,767
,716

16,988
16,902
16,706
16,560

6,692
6,704
6,701
6,719

10,072
9,890
9,887
9,864

11,817
10,283
11,446
11,402

,171
,252
,238
,225

13,411
13,001
13,478
13,312

2,877
2,934
2,929
2,724

73
82
89
80

3,200
3,223
3,152
3,240

139,094
136,435
137,990
137,506

Nov.

4
11
18
25

28,556
28,391
28,176
27,882
27,856

2,510
2,390
2,321
2,164
2,260

,141
,158
,131
1,125
1,102

,782
,812
,840
,885
,924

16,385
16,318
16,172
16,076
15,969

6,738
6,713
6,712
6,632
6,601

9,894
9,947
10,005
9,968
9,961

10,919
10,093
12,633
11,928
12,234

,259
,365
,373
1,337
1,414

13,288
13,227
13,560
13,364
13,336

2,819
2,710
3,115
3,091
3,093

81
79
82
80
109

3,321
3,279
3,232
3,301
3,342

138,713
137,555
141,978
140,983
141,493

Dec.

2
9
16
23
30

Within
1 year

Ito
5 years

After
5 years

1959

Digitized for FRASER


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

233

6
20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Total
demand
and
time
deposits

Date

Demand deposits
Total
Adjusted

Unadjusted

U.S.
Individuals, States and
Government
political
partnerships,
and corps. subdivisions

Interbank
Domestic

Foreign

Certified
and
officers'
checks

1959
Jan.

7
14
21
28

120,207
120,764
120,867
119,174

62,903
62,886
63,383
62,791

88,010
88,536
88,605
86,920

65,519
67,141
66,401
65,168

4,632
4,530
4,619
4,719

1,451
930 1
2,539
2,904

12,019
li;965
10,977
10,453

1,520
,454
,442
,403

2,869
2,516
2,627
2,273

Feb.

4
11
18
25

118,803
118,739
118,728
117,968

61,733
61,718
60,880
61,268

86,550
86,622
86,562
85,781

64,047
64,819
64,044
64,296

4,734
4,488
4,679
4,583

2,995
2,536
3,164
2,861

11,006
10,796
10,701
10,262

,403
,466
,450
,421

2,365
2,517
2,524
2,358

Mar.

4
11
18
25

117,408
117,983
119,569
116,611

60,399
61,868
61,233
60,847

85,142
85,655
87,233
84,222

63,326
65,044
64,671
63,391

4,609
4,422
4,408
4,476

2,295
1,451
3,047
2,425

10,891
10,871
10,927
10,299

,551
,592
,649
,585

2,470
2,275
2,531
2,046

Apr.

1
8
15
22
29

121,154
118,713
122,211
119,194
118,943

60,057
60,903
62,009
62,080
62,016

88,737
86,268
89,824
86,742
86,437

63,125
63,378
66,465
65,038
64,249

4,833
4,459
4,828
4,817
5,124

5,099
3,517
2,732
2,483
2,934

11,349
10,989
11,689
10,447
10,291

,562
,524
,489
,418
,381

2,769
2,401
2,621
2,539
2,458

May

6
13
20
27

117,860
120,620
118,850
118,050

60,431
60,410
60,454
60,938

85,319
88,094
86,326
85,493

62,864
64,625
63,526
63,626

4,974
4,651
4,736
4,871

3,052
4,482
3,973
3,347

10,768
10,798
10,470
10,053

,406
,428
,519
,515

2,255
2,110
2,102
2,081

June

3
10
17
24

117,552
118,002
120,620
117,684

60,240
61,598
61,426
60,781

84,908
85,377
88,007
85,071

62,781
64,560
65,802
63,572

4,761
4,576
4,299
4,582

2,806
1,645
2,758
2,957

10,592
10,714
11,001
10,147

,466
,461
,516
,514

2,502
2,421
2,631
2,299

July

1
8
15
22
29

121,999
120,861
125,018
121,966
120,212

61,457
61,122
61,816
62,592
62,838

88,543
87,484
91,680
88,670
87,028

65,067
63,876
66,916
65,645
65,130

4,917
4,576
4,590
4,621
4,751

3,073
3,826
4,691
3,893
3,328

10,866
11,084
11,296
10,497
10,020

,533
,550
,542
,467
,441

3,087
2,572
2,645
2,547
2,358

Aug.

5
12
19
26

119,812
120,153
120,276
119,262

61,844
61,673
60,647
61,416

86,646
87,042
87,197
86,205

64,344
65,452
63,925
63,782

4,889
4,625
4,588
4,623

2,923
2,413
4,309
3,873

10,791
10,999
10,718
10,262

,458
,426
,452
,413

2,241
2,127
2,205
2,252

Sept.

2
9
16
23
30

119,694
119,647
123,198
119,735
121,777

60,842
61,261
61,777
60,873
60,811

86,711
86,636
90,263
86,768
88,810

63,613
64,453
67,019
64,180
64,785

4,657
4,511
4,418
4,507
4,690

3,687
2,576
3,158
3,836
4,299

10,867
11,348
11,866
10,550
11,024

,515
,473
,465
,437
,459

2,372
2,275
2,337
2,258
2,553

Oct.

7
14
21
28

118,989
121,610
121,376
120,289

60,700
61,474
61,444
61,868

86,151
88,832 i
88,621 |
87,596

63,951
67, 080
65,558
65,345

4,421
4,270
4,270
4,398

2,811
1,736
3,906
3,496

11,281
11,861
10,935
10,486

,419
,432
,447
,380

2,268
2,453
2,505
2,491

Nov.

18
25

122,202
119,606
120,880
120,144

61,247
61,474
61,427
61,891

65,170
64,712
65,547
65,596

61,652
62,476
64,097
63,132
63,857

3,442
2,563
3,035
2,771
3,858
2,587
3,183
3,604
3,163

11,697
11,466
11,426
10,544
11,110
11,062
11,580
11,326
11,464

3,011
2,496
2,611
2,892

121,169
119,914
125,225
123,928
124,837

4,883
4,549
4,715
4,805
4,834
4,657
4,725
4,714
4,866

,366
,387
,356
,335

2
9
16
23
30

89,569
87,173
88,690
87,943
88,978
87,722
93,036
91,535
92,330

,439
,504
,543
,545
,612

2,500
2,376
3,175
2,804
2,952

Dec.

Digitized for FRASER


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

65,237
65,536
68,830
67,542
68,273

234

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Individ- States and


uals, part- political
subdivinerships,
sions
and corps.

Borrowings

U. S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1959
32,197
32,228
32,262
32,254

28,067
28,094
28,105
28,101

1,780
,779
,778
,786

189
188
184
184

2,161
2,167
2,195
2,183

669
383
308
319

1,118
1,116
947
1,181

3,078
3,120
3,186
3,197

10,801
10,783
10,756
10,796

135,873
136,176
136,064
134,667

Jan.

7
14
21
28

32,253
32,117
32,166
32,187

28,129
28,100
28,150
28,150

,772
,782
,789
,800

179
179
179
178

2,173
2,056
2,048
2,059

272
186
353
372

1,145
1,177
1,152
1,456

3,212
3,239
3,344
3,331

10,838
10,828
10,818
10,830

134,270
134,169
134,395
133,957

Feb.

4
11
18
25

32,266
32,328
32,336
32,389

28,226
28,318
28,334
28,354

,788
,782
,809
,751

179
180
130
182

2,073
2,048
2,013
2,102

410
350
893
453

1,293
1,229
1,027
1,331

3,351
3,275
2,956
3,104

10,867
10,861
10,840
10,848

133,329
133,698
135,285
132,347

Mar,

4
11
18
25

32,417
32,445
32,387
32,452
32,506

28,371
28,399
28,333
28,339
28,411

,786
,757
,745
,769
,798

180
179
180
179
179

2,080
2,110
2,129
2,165
2,118

239
657
764
856
371

1,361
1,082
1,112
1,148
1,338

3,042
3,013
3,048
3,091
3,092

10,904
10,920
10,913
10,904
10,937

136,700
134,385
138,048
135,193
134,681

Apr.

1
8
15
22
29

32,541
32,526
32,524
32,557

28,435
28,444
28,495
28,563

,810
,821
,819
,825

179
178
178
179

2,117
2,083
2,032
1,990

734
495
231
352

1,096
1,302
1,332
1,488

3,123
3,179
3,229
3,226

10,969
10,939
10,961
10,973

133,782
136,535
134,603
134,089

May

32,644
32,625
32,613
32,613

28,628
28,677
28,703
28,823

,840
,830
,8U
,781

176
177
177
177

2,000
1,941
1,922
1,832

578
741
995
715

1,666
1,728
1,036
1,580

3,233
3,240
3,016
3,030

10,988
10,981
10,962
10,972

134,017
134,692
136,629
133,981

June

3
10
17
24

33,456
33,377
33,338
33,296
33,184

29,612
29,573
29,550
29,526
29,512

,833
,818
,808
,788
,717

184
183
185
183
183

1,827
1,803
1,795
1,799
1,772

462
880
636
562
425

1,790
1,351
1,442
1,662
1,831

2,991
2,949
3,002
2,984
3,017

11,200
11,209
11,190
11,176
11,220

138,442
137,250
141,288
138,350
136,705

July

1
8
15
22
29

33,166
33,111
33,079
33,057

29,531
29,530
29,521
29,516

,709
,694
,682
1,658

180
180
180
180

1,746
1,707
1,696
1,703

462
411
382
326

1,852
2,177
1,869
2,042

3,090
3,140
3,145
3,159

11,256
11,273
11,287
11,289

136,472
137,154
136,959
136,078

32,983
33,011
32,935
32,967
32,967

29,553
29,595
29,578
29,630
29,653

1,633
1,617
1,583
1,579
1,569

179
182
179
178
175

1,618
1,617
1,595
1,580
1,570

434
299
312
606
173

1,669
2,081
1,887
1,733
937

3,178
3,203
3,139
3,173
3,161

11,316
11,309
11,275
11,275
11,345

136,291
136,539
139,811
136,522
137,393

Sept.

2
9
16
23
30

32,838
32,778
32,755
32,693

29,598
29,572
29,584
29,557

,538
,529
,500
,486

153
155
150
150

1,549
1,522
1,521
1,500

467
276
715
699

1,752
1,898
1,195
1,344

3,250
3,324
3,227
3,239

11,356
11,336
11,327
11,357

135,814
138,444
137,840
136,928

Oct.

7
14
21
28

32,633
32,433
32,190
32,201

29,541
29,374
29,256
29,281

,458
,432
,360
,372

149
150
147
151

1,485
1,477
1,427
1,397

487
352
583
429

1,770
1,723
1,750
2,013

3,226
3,333
3,369
3,527

11,409
11,421
11,408
11,393

139,094
136,435
137,990
137,506

Nov.

4
11
18
25

32,191
32,192
32,189
32,393
32,507

29,294
29,327
29,342
29,442
29,564

1,368
1,373
1,392
1,466
1,482

150
150
149
150
150

1,379
1,342
1,306
1,335
1,311

439
394
390
291
246

2,072
2,234
1,508
1,879
1,593

3,604
3,606
3,484
3,497
3,368

11,429
11,407
11,371
11,388
11,449

138,713
137,555
141,978
140,983
141,493

Dec.

2
9
16
23
30

Digitized for FRASER


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

235

6
20
27

i!

19
26

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions

Loans
Loans and
investments

Date

Total

Total
adjusted

Total

Adjusted

Net

Commercial
and
industrial

Agricultural

For purchasing or carrying


securities
I
To
To brokers
and dealers
others

To nonbank
financial
f
institutions

Personal
and
U.S.
U.S.
sales
Govt. Other Govt. Other
fi- Other
secu- secu- secu- secu- nance
rities rities rities rities cos.
etc.

To commercial
banks

Real
estate

~ "iI ""* n
!
'
i
i
DoFor-

mestie

Memo:
valuation
reserves

All
other

cign

1960
Jan.

6
13
20
27

106,339
106,467
105,235
104,916

105,242
105,329
104,162
103,600

67,961
67,574
67,031
66,728

69,058
68,712
68,104
68,044

30,368
30,328
30,174
30,060

940
924
920
920

334
331
277
256

,968
,834
,727
,665

164
163
155
158

1,175
1,182
1,172
1,174

4,299
4,166
3,916
3,800

Feb.

3
10
17
24

104,599
104,256
104,316
104,074

103,502
103,020
102,896
102,689

66,841
66,725
66,987
67,016

67,938
67,961
68,407
68,401

30,157
30,263
30,468
30,378 '

924
927
920
922

356
313
248
297

,587
,496 1
,469
,519

161
153
145
150

1,158
1,159
1,154
1,152

Mar.

2
9
16
23
30

104,045
103,509
104,782
104,081
103,765

102,887
102,299
103,463
102,822
102,353

67,342
67,017
68,079
67,812
67,703

68,500
68,227
69,398
69,071
69,115

30,520
30,531
31,261
31,256
31,227

919
911
917
916
928

255
221
276
168
145

,520
,496
,450 !
,394
,342

154
142
145
139
141

1,149
1,139
1,136
1,133
1,137

Apr.

6
13
20
27

103,301
104,223
106,363
105,987

102,162
102,629
104,919
104,364

67,652
67,927
68,542
68,303

68,791
69,521
69,986
69,926

31,096
31,181
31,190
31,142

922
921
916
924

214
293
604
371

,340
,380
,503
,446

137
137
142
139

May

4
11
18
25

105,915
105,320
105,635
105,766

104,356
104,006
104,235
104,044

68,550
68,454
68,597
68,400

70,109
69,768
69,997
70,122

31,217
31,254
31,425
31,368

932
932
942
950

377
318
238
175

11,457
1,451
1.437
1,416

Juno

1
8
15
22
29

105,732
105,368
106,945
106,416
106,038

104,248
103,952
105,521
105,084
104,732

68,669
68,327
69,848
69,614
69,516

70,153
69,743
71,272
70,946
70,822

31,374
31,192
31,730
31,814
31,851

955
954
964
963
979

202
148
615
435
199

July

6
13
20
27

106,120
108,314
107,539
107,418

104,592
106,863
106,569
106,038

69,439
69,496
69,160
68,662

70,967
70,947
70,130
70,042

980
31,655
31,580
990
31,370 1,005
31,189 1,015

230
493
432
260

Aug.

3
10
17
24
31

108, 087
107,554
107,726
107,072
107,514

106,466
106,033
106,319
105,745
106,161

69,292
69,055
69,053
68,605
68,761

70,913
70,576
70,460
69,932
70,114

31,312
31,276
31,323
31,107
31,174

Sept,

7
14
21
28

108,003
108,511
109,620
108,560

106,404
106,865
108,141
107,534

68,836
69,227
70,049
69,552

70,435
70,873
71,528
70,578

Oct.

5
12
19
26

108,859
108,405
107,747
109,684

107,261
106,889
106,972
108,765

69,349
69,211
68,918
68,931

Nov.

2
9
16
23
30

110,477
109,696
110,206
109,487
109,407

109,144
108,039
108,624
108,250
108,668

Dec.

7
14
21
28

110,085
111,066
113,466
113,195

108,724
109,863
111,774
111,763

Digitized for FRASER


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

; 1,097 \
1,138
1,073
1,316

759
757
752
761

14,656 1,440
14,593 1,441
14,615 1,441
14,662 I 1,445

3,791
,753 12,936
3,723 ,738 12,930
3,835 ! ,740 ! 12.963
3,850 ,738 12,957

,097
,236
.420
,385

752 ;

770
761
760

14,714 j
14,702
14,734
14,744

,448
,449
,450
,451

4,106
3,920
4.232
4,197
4,077

,726
,707
,693
,679
,724

12,923
12,904
12,898
12,896
12,904

,158
,210
,319
,259
.412

751
754
772
759
758

14,771
14,747
14,756
14,735 I
14,785

,452
,455
,457
,460
,465

1,128
1,120
1,123
1,124

4,148
4,190
4,303
4,273

,657
,650
,631
,647

12,869
12,881
12,895
12,900

,139
, 594
}444 ;
,623

777
763
754
766

14,831 j ,467
14,877
,466
14,942 i ,461
15,031 |,460

140
146
162
144

1,123
1,118
1,120
1,121

4,467 ,610
4,376 ,614
4,347 ,624
4,252 1 1,635 |

773
791
776
772

15,044 1
15,041 I
15,108 S
15,154 I

,464
,464
,465
,464

1,512
1,464
1,626
1,495
1,471

171
172
161
146
139

1,117
1,130
1,132
1,139
1,139

4,370
4,246
4,536
4,532
4,611

1 3 608 12,861
1,607 12,853
1,628 i, 12,866
1,639 12,852
1,628 ! 12,862

,484
,416
,424
,332
",306

775
756
760
741
737

15,190
15,271
15,296 ,j
15,324
15,364

,466
,466
,466
,466
,464

1,480
1,484
1,425
1,405

141
143
145
139

1,142
1,155
1,147
1,139

4,719
4,610
4,620
4,524

1.635
U621
1,631
1,620

12,837 1.528
12;S6G 1,451
12,857
970
12,838 1,380

742
722
700
698

15,340
15,300
15,286 I
15,293 i

,462
,462
,458
,458

1,030
1,032
1,035
1,035
1,047

500 1,487
478 ,476
534 ,470
467 ,393
475 ,396

150
144
143
147
145

1,142
1,133
1,135
1,143
1,143

4,596
4,449
4,343
4,201
4,211

1,632
1,639
1,642
1,645
1,658

12,827
12,830
12,837
12,879
12,881

1,621
1,521
1,407
1,327 j
1,353

702
691
663
672
669

15,378 j ,464
,465
15,372
15,387 !; ,459
15,374 | ,458
15,422
,460

31,134
31,509
31,770
31,744

1,044
1,057
1,067
1,079

530
645
845
616

,501
,480
,503
,455

150
157
175
151

1,152
1,153
1,156
1,155

4.204
4.031
4,340
4,151

11,638
1.676
1.671
1,615

12,867
12.874
12.877
12>74

1,599
1,646
1,479
1,026

679
684
693
676

15,397
15,419
15,385
15,425

1,460
1,458
1,433
1,44*)

70,947
70,727
69,693
69,850

31,597
31,723
31,740
31,631

1,091
1,095
1,094
1,094

529
390
276
445

,521
,501
,495
,516

143
142
139
140

1,168
1,160
1,159
1,170

4,060
4,042
3,786
3,726

1,707
1,678
1,693
1,667

12,846 1,598
12.856 1,516
12,861
775
12,849 : 919

690
670
681
690

15,458
15,416
15,453
15,460

1,461
1,462
1,459
1,457

69,640
69,146
69,535
69,207
69,278

70,973
70,803
71,117
70,444
70,017

31,861
31,775
32,056
31,917
31,972

,101
,101
,108
,101
,095

630
311
421
313
281

,635
,601
,582
,586
,574

142
143
140
147
133

1,164
1,163
1,158
1,164
1,162

3,810
3,735
3,703
3,636
3,670

1,699
1,693
1,691
1,684
1,685

12,840 1,333
12,837 1,657
12,864 ,582
12,847 ,237
12,844
739

689
701
700
685
684

15,527
15,545
15,562
15,576
15,629

1,458
1,459
,450
,449
,451

68,991
69,783
71,408
71,009

70,352
70,986
73,100
72,441

31,773 ,092
316
534
32,009 ,091
32,358 ! ,100 1,186
32,156 ,111
955

,570
,577
,722
,659

126
135
141
138

1,163
1,167
1,178
1,193

3,567
3,773
4,245
4,264

1,694
1.701
1,713
1,697

12.817 ,361
12'. 838 ,203
12,827 1,692
12,824 ,432

689 ; 15,625
693 ' 15,705
712 i 15,655
751 15,677

,441
,440
,429
,416

236

,787
,775
,808
,769

12,951
12,962
12,956
12,948

12,874 ,559
12,877 i ,314
12', 883 ,400
12,877 s ,722

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)

Investments

Balances with

U.S. Government securities


Motes and bonds maturing
Total

Bills

Certificates

27,404
27,798
27,294
27,065

2,054
2,712
2,445
2,283

26,830
26,497
26,081
25,898

Other
securities

Cash
items
in
process
of
collection

Currency
and
coin

Reserves
with
F.R.
Banks

Do:
mestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Within
1 year

1 to
5 years

After
5 years

1,012
1,013
1,000
1,070

,938
,888
,813
,762

15,789
15,592
15,462
15,365

6,611
6,593
6,574
6,585

9,877
9,957
9,837
9,807

11,654
11,816
11,193
10,148

1,292
1,367
1,261
1,292

14,341
13,519
13,472
12,921

2,946
3,000
2,901
2,727

81
80
81
84

3,284
3,317
3,402
3,496

139,937
139,566
137,545
135,584

Jan.

6
13
20
27

2,016
1,769
1,644
1,588

1,221
3,205
503
490

,772
,752
,686
,643

15,232
15,180
17,073
17,171

6,589
6,591
5,175
5,006

9,831
9,798
9,828
9,775

10,524
9,773
11,466
10,876

,164
,237
,191
,285

13,241
13,043
13,120
12,740

2,703
2,698
2,851
2,805

79
78
77
73

3,565
3,618
3,515
3,500

135,875
134,703
136,536
135,353

Feb.

3
10
17
24

25,724
25,437
25,478
25,210
24,863

1,630
1,499
1,612
1,401
1,083

1,626
1,622
1,575
1,550
1,568

17,080
16,991
17,014
17,062
17,053

4,910
4,887
4,855
4,762
4,716

9,821
9,845
9,906
9,800
9,787

10,580
9,338
1 1 , 580
9,869
9,794

,140
,175
,169
,216
,242

12,951
12,913
13,243
12,796
13,191

2,826
2,638
2,984
2,893
2,748

81
78
76
77
76

3,532
3,519
3,458
3,474
3,662

135,155
133,170
137,292
134,406
134,478

Mar,

2
9
16
23
30

24,727
24,868
26,554
26,356

923
1,090
1,611
1,488

478
438
422
435
443
444
437
453
456

,595
,557
,603
,573

17,117
17,096
18,144
18,163

4,648
4,688
4,743
4,676

9,783
9,834
9,823
9,705

10,071
11,707
11,221
10,380

,128
,257
,253
,257

13,082
13,019
13,212
13,269

2,636
2,758
2,745
2,677

84
72
73
80

3,632
3,633
3,595
3,597

133,934
136,669
138,462
137,247

Apr.

6
13
20
27

26,273
26,070
26,160
26,140

1,365
1,241
1,296
1,343

472
472
886
864

,654
,625
960
976

18,091
18,111
18,408
18,353

4,691
4,621
4,610
4,604

9,533
9,482
9,478
9,504

10,868
10,810
11,051
9,830

,130
,238
,214
,250

13,585
13,447
13,056
13,039

2,670
2,711
2,796
2,650

77
93
77
78

3,663
3,619
3,571
3,543

137,908
137,238
137,400
136,156

May

4
11
18
25

26,117
26,004
26,107
25,928
25,716

1,327
1,258
1,422
1,212
962

886
869
884
894
888

980
974
973
953
954

18,355
18,329
18,252
18,254
18,296

4,569
4,574
4,576
4,615
4,616

9,462
9,621
9,566
9,542
9,500

11,892
9,906
13,304
11,009
10,447

,216
,201
,213
,246
,309

13,067
13,364
13,573
13,558
13,146

3,067
2,659
3,131
2,774
3,071

84
79
76
82
75

3,579
'3,594
3,576
3,587
3,726

138,637
136,171
141,818
138,672
137,812

June

1
8
15
22
29

25,624
27,816
27,793
27,686

908
3,130
3,165
3,054

904
901
888
878

949
945
897
942

18,281
18,285
18,301
18,288

4,582
4,555
4,542
4,524

9,529
9,551
9,616
9,690

11,935
12,400
11,426
10,199

,197
,310
,242
,278

13,544
1 3 , 503
14,051
13,508

2,907
2,920
2,737
2,750

83
75
77
78

3,663
3,725
3,734
3,812

1 39 , 449
1 42, 247
140,806
139,043

July

6
13
20
27

27,429
27,265
27,534
27,514
27,750

2,797
2,639
2,401
2,409
2,623

861
868
1,325
,328
,325

979
987
728
743
766

18,254
18,227
18,220
18,167
18,179

4,538
4,544
4,860
4,867
4,857

9,745
9,713
9,732
9,626
9,650

10,444
10,302
11,279
9,525
10,485

,169
,226
,216
,257
,219

13,523
13,243
13,617
13,072
13,280

2,761
2,710
2,817
2,680
2,700

83
85
87
84
81

3,836
3,854
3,785
3,767
3,914

139,903
138,974
140,527
137,457
139,193

Aug.

3
10
17
24
31

27,774
27,855
28,357
28,180

2,605
2,684
3,071
2,839

,355
,353
,371
,377

768
772
,168
,224

18,176
18,178
17,846
17,818

4,870
4,868
4,901
4,922

9,794
9,783
9,735
9,802

10,734
12,688
11,565
10,657

,248
,313
,268
,320

12,820
13,070
12,921
13,667

3,022
3,033
3,087
2,822

89
85
101
95

3,859
3,828
3,908
3,940

139,775
142,528
142,470
141,061

Sept.

7
14
21
28

28,059
27,836
28,151
29,946

2,719
2,482
2,788
4,430

,410
,409
,422
,459

,212
,216
,287
,435

17,803
17,822
17,776
17,757

4,915
4,907
4,878
4,865

9,853
9,842
9,903
9,888

11,259
12,074
11,354
11,005

,178
,317
,289
,310

13,287
12,941
13,185
13,922

2,956
3,094
3,490
2,745

105
101
105
114

3,998
4,000
3,982
4,030

141,642
141,932
141,152
142,810

Oct.

5
12
19
26

29,687
29,254
29,480
29,388
29,690

4,063
3,656
3,493
3,346
3,524

,474
,471
,292
,290
,340

,595
,578
2,404
2,425
2,494

17,690
17,693
17,145
17,158
17,190

4,865
4,856
5,146
5,169
5,142

9,817
9,639
9,609
9,655
9,700

12,211
11,461
13,640
11,830
12,038

,223
,331
,285
,276
,364

1 3 , 744
12,913
12,954
12,936
12,650

2,824
2,818
3,119
2,797
3,761

101
99
92
85
88

4,141
4,181
4,047
4,048
4,114

144,721
142,499
145,343
142,459
143,422

Nov.

2
9
16
23
30

29,787
30,064
30,178
30,547

3,498
3,719
3,750
4,052

,437
,468
,525
,551

2,595
2,611
2,597
2,600

17,145
17,179
19,901
18,075

5,112
5,087
4,405
4,269

9,946
10,016
10,188
10,207

10,541
12,101
12,240
13,168

,381
,557
,515
,650

12,054
12,525
12,749
12,499

2,852
3,335
3,081
3,194

84
94
82
105

4,090
4,062
3,940
3,967

141,087
144,740
147,073
147,778

Dec.

7
14
21
28

1960

Digitized for FRASER


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

237

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,

(In millions
Total
demand
and
time
deposits

Date

Demand deposits
Total
Adjusted

Unadjusted

U.S.
Individuals, States and
Government
political
partnerships,
and corps. subdivisions

Interbank
Domestic

Foreign

Certified
and
officers'
cheeks

1960
Jan.

6
13
20
27

122,755
123,052
120,624
118,671

62,627
63,098
62,922
62,760

90,419
90,866
88,600
86,653

66,753
68,008
66,844
66,133

4,877
4,651
4,826
4,651

2,438
2,864
2,008
2,110

12,200
11,637
11,031
10,248

1,500
1,451
1,446
1,387 1

2,651
2,255
2,445
2,124

Feb.

3
10
17
24

118,559
116,960
118,533
117,609

61,267
61,240
60,032
60,382

86,560
84,985
86,589
85,704

64,351
64,113
64,492
63,898

4,978
4,806
4,706
4,730

2,628
1,908
3,111
2,907 !

10,786
10,707 i
10,605
10,147

1,355
1,357
1,375
1,392

2,462
2,094
2,300
2,630

Mar.

2
9
16
23
30

117,331
115,054
119,779
116,771
116,080

60,169
60,228
60,889
59,810
59,722

85,415
83,047
87,712
84,597
83,872

63,450
62,723
65,727
62,777
62,500

4,973
4,708
4,417
4,716
4,901

2,973 1
1,719
2,919 1
3,116
2,863 i

10,353
10,352
10,934
10,413
10,076

1,340
1,410
1,390
1,389
1,417

2,326
2,135
2,325
2,186
2,115

Apr,

6
13
20
27

115,727
118,262
120,116
118,732

59,443
60,784
61,929
61,333

83,471
85,949
87,807
86,293

62,676
65,596
65,491
64,376

4,556
4,486
5,046
5,046

1,592
1,218
2,707
3,243

10,969
10,855
10,566
9,956

! , 396
1,385
1,384 1
1,381

2,282
2,409
2,613
2,291

May

4
11
IB
25

119,366
118,619
118,982
117,389

59,561
59,330
58,672
58,907

86,880
86,113
86,433
84,793

62,772
63,034
62,592
61,783

5,244
4,941
4,985
4,967

4,634
4,107
4,955
4,966

10,486
10,501
50,382
9,737

1,331
1,365
1,373
1,353

2,413
2,165
2,146
1,987

June

1
8
15
22
29

120,395
117,220
123,446
120,000
119,865

58,8(1
59,135
60,411
60,230
59,267

87,816
84,529
90,692
87,126
86,779

62,863
61,855
66,151
63,639
62,625

5,191
4,882
4,623
4,873
4,773

5,035
3,556
4,322
4,092
4,996

10,725
10,589
11,279
10,401
10,642

1.353
1,343
1,376
1,394
1,427

2,649
2,304
2,941
2,727
2,316

July

6
13
20
27

120,684
123,507
121,770
120,304

58,278
59,074
59,891
60,595

87,625
90,384
88,523
86,981

62,956
64,431
64,414
63,778

4,661
4,416
4,476
4,705

4,589
5,969
4,824
4,383

11,450
11,542
10,964 |
10,424

1,373
U399 I
,418
,380

2,596
2,627
2,427
2,311

Aug.

3
10
17
24
31

120,895
119,988
121,128
118,567
119,884

60,034
59,610
58,806
59,230
59,565

87,444
86,455
87,376
84,673
85,942

63,082
62,576
63,032
61,892
62,846

5,001
4,744
4,680
4,630
4,846

4,571
3,744
4,638
3,985
3,698

11,011
11,315 !
11,209
10,597
10,789

,384
1,484
1,444 i
,426 )
1,405

2,395
2,592
2,373
2,233
2,358

Sept.

7
14
21
28

120,349
123,143
123, 6!3
122,311

59,639
60,655
59,797
59,441

86,300
88,927
89,358
87,977

63,134
66,456
64,198
62,915

4,732
4,547
4,570
4,683

2,553
2,191
4,777
5,551

11,988
12,033
11,817
10,973

1,386
1,360
1,402
1,355

2,507
2,340
594
500

Oct.

5
12
19
26

122,687
122,827
122,999
123,431

58,778
59,196
60,353
60,971

88,256
88,335
88,421
88,830

62,863
64,774
65,147
64,799

4,677
4,243
4,376
4,584

4,680
3,218
2,143
4,104

12,213
12,459
13,068
11,269

1,326
1,388
1,503 1
1,481 j

,497
253
184
2,593

Nov.

2
9
16
23
30

125,283
122,699
125,596
122,870
124,823

60,433
59,441
59,203
59,864
60,398

90,573
88,063
91,065
88,261
90,121

64,539
63,764
65,531
64,240
64,920

4,998
4,607
4,622
4,821
4,914

4,445
3,665
4,076
3,836
3,537

12,127
12,121
12,742
11,363
12,801

1,357
1,375
,404
,368
,347 !

3,lt)7
2,531
2,690
2,633
2,602

Dec.

7
14
21
28

121,661
125,870
127,621
128,601

60,611
63,085
62,725
62,139

86,790
90,829
92,462
93,215

64,304
67,773
67,479
67,647

4,609
4,566
4,621
4,747

2,121
1,726
3,712
3,979

12,135
12,483
12,325
12,392

,382
,434
,460
,537

2,239
2,847
2,865
2,913

Digitized for FRASER


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

238

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Individ- States and


uals, part- political
subdivinerships,
and corps.
sions

Borrowings

U.S.
Government

Interbank
Domestic

Foreign

From
F. R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
- capital
accounts

Date

1960
32,336
32,186
32,024
32,018

29,331
29,195
29,101
29,049

,546
,550
,542
,593

148
146
146
152

1,311
1,295
1,235
1,224

1,147
350
661
242

1,300
1,360
1,346
1,683

3,274
3,349
3,479
3,525

11,461
11,455
11,435
11,463

139,937
139,566
137,545
135,584

Jan.

6
13
20
27

31,999
31,975
31,944
31,905

29,046
29,045
29,023
29,006

,602
,598
1,626
1,615

151
153
151
152

1,200
1,179
1,144
1,132

635
432
588
237

1,579
2,090
2,083
2,201

3,599
3,713
3,827
3,799

11,503
11,508
11,505
11,507

135,875
134,703
136,536
135,353

Feb.

3
10
17
24

31,916
32,007
32,067
32,174
32,208

29,034
29,120
29,169
29,259
29,283

1,609
1,607
1,615
1,633
1,639

ISO
149
148
149
148

1,123
1,131
1,135
1,133
1,138

552
528
277
231
665

1,896
2,173
1,945
2,005
2,229

3,828
3,868
3,768
3,876
3,923

11,548
11,547
11,523
11,523
11,581

135,155
133,170
137,292
134,406
134,478

Mar.

2
9
16
23
30

32,256
32,313
32,309
32,439

29,293
29,258
29,203
29,233

1,660
,669
,710
,730

141
141
141
141

,162
,245
,255
,335

557
314
269
405

2,038
2,402
2,266
2,303

3,999
4,073
4,211
4,159

11,613
11,618
11,600
11,648

133,934
136,669
138,462
137,247

Apr.

6
13
20
27

32,486
32,506
32,549
32,596

29,260
29,286
29,301
29,342

,747
,743
,738
,759

140
140
139
138

,339
,337
,371
,357

389
613
113
158

2,299
2,104
2,273
2,635

4,158
4,201
4,343
4,268

11,696
11,701
11,689
11,706

137,908
137,238
137,400
136,156

May

4
11
18
25

32,579
32,691
32,754
32,874
33,086

29,362
29,536
29,535
29,648
29,812

,769
,740
,813
,823
,869

139
138
134
135
134

,309
,277
,272
,268
,271

75
400
206
632
63

2,161
2,455
2,068
1,879
1,727

4,255
4,343
4,374
4,416
4,348

11,751
11,753
1 1 , 724
11,745
11,809

138,637
136,171
141,818
138,672
137,812

June

1
8
15
22
29

33,059
33,123
33,247
33,323

29,779
29,800
29,858
29,916

,859
,892
,952
,967

133
133
134
132

,288
,298
,303
,308

380
299
866
140

2,279
2,154
1,809
2,184

4,283
4,474
4,563
4,593

11,823
11,813
11,798
11,822

139,449
142,247
140,806
139,043

July

6
13
20
27

33,451
33,533
33,752
33,894
33,942

29,973
30,045
30,187
30,244
30,293

1,965
1,967
2,009
2,076
2,079

135
133
133
135
139

,378
,388
,423
,439
,431

189
107
388
99
309

2,361
2,254
2,311
2,107
2,141

4,580
4,742
4,811
4,798
4,907

11,878
11,883
11,889
11,886
11,952

139,903
138,974
140,527
137,457
139,193

Aug.

3
10
17
24
31

34,049
34,216
34,255
34,334

30,372
30,519
30,554
30,672

2,066
2,072
2,079
2,037

135
135
135
135

,476
,490
,487
,490

72
71
11
530

2,491
2,406
1,902
1,319

4,910
4,971
5,019
4,924

11,953
11,937
11,925
11,977

139,775
142,528
142,470
141,061

34,431
34,492
34,578
34,601

30,748
30,810
30,901
30,921

2,035
2,026
2,017
2,027

138
137
135
135

,510
,51'
,525
,518

44
68
12
863

1,932
1,958
1,060
1,435

4,966
5,047
5,063
5,019

12,013
12,032
12,018
12,062

141,642
141,932
141,152
142,810

Oct.

5
12
19
26

34,710
34,636
34,531
34,609
34,702

30,992
30,924
30,807
30,879
30,892

2,037
2,028
2,018
2,023
2,115

136
136
136
139
139

,545
,548
,570
,568
,556

307
114
77
250
25

1,925
2,402
2,290
1,964
1,090

5,112
5,172
5,269
5,282
5,314

12,094
12,112
12,111
12,093
12,170

144,721
142,499
145,343
142,459
143,422

Nov.

2
9
16
23
30

34,871
35,041
35,159
35,386

30,967
31,112
31,119
31,318

2,196
2,215
2,302
2,327

141
142
142
140

,567
,572
,596
,601

38
23
47
22

1,930
1,478
2,105
1,839

5,292
5,233
5,161
5,132

12,166
12,136
12,139
12,184

141,087
144,740
147,073
147,778

Dec.

7
14
21
28

Digitized for FRASER


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

239

21
28

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

For purchasing or carrying


securities

Total

Total

Date
Total

ad-

Adjusted

Net

justed

Commercial

and

industrial

Agricultural

To brokers
and dealers

To nonbank
financial
institutions

To
others

To co nmcTciul
b inks

Personal

and

U.S.
U.S.
sales
Govt. Other Govt. Other
fi- Other
secu- secu- secu- secu- nance
rities rities rities rities
cos.
etc.

Real
estate

AM

Do-

other

Foreign

mes-

tic

Memo:
Wfl I I I ' ) .

:
1

tion
n.
serves

1961
Jan.

Feb.

Mar.

Apr.

132

131
129
126

,181
,176
,166
,171

4,189 ,697
3,930 U.685
3,858 ,644
3,632 1,632

12,821 2,200
12,810 1,422
12,809 1,354
12,800
508

738
706

15,699
15.554
706 ;i J3J489
695 15,489

.528
.531
.'515
,534

1,413 I 121
1,344
120
1,373 : 127
1,414
132

,176
,169
,175
,174

3,523 1,590
3,544 1,595
3,513 1,586

3,598 1,616

12,78?
12,758
12,775
12,780

,318
,208
,492
,229

698
696

16,496 j
16.484
16.494
16 ; 430

,542
.540
.540
;542

125

395 1,422
121
600 1,430 | 121
121
452 1,442
343 1,462
113

,173
,161
,166
,176
,186

3,387 1,596
3,677 1,601
3,483 1,624

12,766
12,738
12,741
12,735
12,727

,485
,402
,554
,280
,544

642
657
683
675
682

16.442
I6',422
16,350 !
16,285
16,311 j

.546
,546
,549
,551
,550

402
517
579
609

,209
,229
,246
,254

3,305 11,575
3,287 1,603
3,289 1,616

12,722
12,756
12,759
12,772

,077
,181
,175
,559

703
700

16,348
16.376
1 6; 304
16,322

,555
,552
,552
,552

12,772

,55*)

537

12,770
12,803
12,825

,266
,426

578

1 2 , 842
12,855

,381
,297

111,701

70,920
69,628
69,256
68,463

73,120
7! ,050
70,610
68,971

32,021
31,882
31,678
31,375

1,119 1,121 1,730


619 1,545
1,121
761 1,444
! 1,107
1,108
581 1,388

8 111,174 109,966
15 112,616 111,124
22 111,778 110,549

1 112,305 HO, 987

69,626
68,948
69,486
69,332

70,944
70,156
70,978
70,561

31,294
31,274
31,517
31,477

1,111
1,112
1,116
1,110

110,974
110,082
111,556
110,453
110,015

69,787
68,964
70,164
69,815
69,638

71,272
70,366
71,718
71,095
71,182

31,531
31,501
32,226
32,252
32,203

1,124
il,110
1,118
1,121
1,129

110,617
110,546
111,084
111,059

69,622
69,681
69,830
69,801

70,699
70,862
71,005
71,360

32,056 1,137
,135
31,982
31,870 1,146
31,735 1,156

4 113,901

11 1 1 1 , 827 110,405
18 111,479 110,125
25 110,265 09,757

8
15
22
29

112,459
111,484
113,110
111,733
111,559

5 111,694
12 1 1 1 , 727
19 112,259
26 112,618

858
418
612
587

738 1,483

1,485
1,556
1,772
1,788

115
111
113
112

3,678 i l , 6 3 1

3,379 .1,653
3,439 i 1,589

Apr.

26 112,618

111,059

69,801

71,360

31,735 1,156

609 1,788

112

,254 3,289 1,588

May

3 112,872
10 112,698
17 113,820
24 113,308
31 113,444

111,606
111,272
112,822
111,927
112,147

70,153
70,109
70,432
69,901
69,913

71,419
71,535
71,430
71,282
71,210

31,905
31,803
31,883
31,586
31,460

1,184
1,185
1,185
1,197
1,141

614
594
891
549
542

1,886
1,952
1,923
1,922
1,897

112

109
108
126
108

,271
,268
,285
,310
,326

7 112,912
14 114,744
21 115,512
28 114,343

111,406
113,807
114,190
113,106

69,047
69,848
70,350
70,171

70,553
70,785
71,672
71 , 408

31,161
31,519
31,702
31,769

1,149
1,148
1,147
1,155

163
360
729
380

1,996
2,098
2,036
2,061

103 I ,326 113.257


103
t 332 3,314
105 ,340 3,360
104 ,343 3,332

5 115,084

113,257

12 113,683 112,402
19 114,304 112,910
26 116,067 115,045

70,361
69,940
69,989
69,835

72,188
71,221
71,383
70,857

31,615
31,549
31,380
31,320

1,151
1,161
1,160
1,168

475
336
793
720

2,069
2,114
2,073
2,012

103

2 116,510
9 115,233
16 116,194
23 115,649
30 115,779

114,923
114,041
114,555
114,224
114,301

70,072
69,623
70,040
69,704
69,551

71,659
70,815
71,679
71,129
71,029

31,499
31,359
31,592
31,498
31,476

1,091
1,095
1,101
1,116 i
1,112

620 2,003
434 1,948
529 1,893

106
110
106

6 115,519
13 116,648
20 117,251
27 118,706

114,270
115,106
115,920
117,103

69,662
70,306
71,025
70,989

70,911
71,848
72,356
72,592

31,548
31,728
31,937
31,805

1,116
1,134
1,145
1,166

264
477
755
739

Oct.

4 117,677
11 118,561
18 119,473
25 118,242

116,175
116,984
117,777
117,035

70,726
70,989
71,466
71,093

72,228
72,566
73,162
72,300

Nov.

1 118,898
8 118,220
15 119,516
22 118,707
29 118,628

117,467
116,899
118,162
117,255
117,319

71,843
71,647
72,434
71,741
71,670

6 118,828 117,108

71,530
71,920
73,809
74,569

June

July

Aug.

Sept.

Dec.

13 119,164 117,860
20 121,837 120,361
27 122,565 121,056

Digitized for FRASER


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

106

106
106

,360
,367
,376
,364

3,375
3,292
3,287
3,287

l,585
1,603
!
l,6I8
1,639

3,382 ; 1,675

8,663
,703
1,672
1,693

998

698

671
:

.
,
:
;j

675

691

576
558
561
585

16,513 i

,552

16,428
16,481
16,427 '
16,439
16,504

,555
.557
;558
,557
,562

12,832 1 .506
12,863
937
12,904
,322
12,896 ,237

558

16.402 ,
551 ; 16,420 :,
564 16,354 :
379 ; 16,418 ;

.563
',563
,563
,559

3,482 1,72?
3,253 ||t, 730
3,144 1,737

12,902
12,923
12,942
12,952

,827
,281
,394
,022

614
587
372
582

16,430
16,387
16,276
16,317

,570
,570
,570
,570

3.321 '1.745

12,956
12,973
13,002
13,038
13,055

,587
,192
,639
,425
,478

582
572
580
551
565

16,346
16,304
16,278 ['
16,224 !l
16,253

.568
^568
,571
,568
,569

3,116 1,748

,371
,367
,370
104 i ,378
102 ,377

3;266
3,379
3,304
3,254

1,853
1,978
1,985
1,898

103
107
118

3,274 1,818
.3.286 K852

109

,355
,373
,370
,320

13,058
13,101
13,126
13,136

,249
,542
,331
,603

572
16,273 '
559 , 16,282
552 16,245
509 16,391

,572
,571
.571
,571

31,786
31,849
32,020
31,877

474 1,853
1,179
1,180
711 1,982
1,189 1,013 1,932
1,205
750 1,993

104
99
96
103

,317
,305
,301
,304

3. 389 2.143
; 3,219 2,128
: 3,174 2,180

13,140
13,196
13,221
13,24?

,502
,577
,696
,207

522 1 16.396
535 16,359 :
530 } 16,379
530 16,413

,577
,574
,569
,567

73,274
72,968
73,788
73,193
72,979

32,085
32,010
32,136
32,024
32,109

1,210 1,072 2,055


1,206
986 1,966
1,216 1,341 2,080
1,220
833 2,016
1,226
520 2,063

9B
97
100
103
102

,310
,317
,318
,330
,319

3.132 112,226

3,108
3,106
3,023
3,073

2,245
2,314
'2.308
2,302

13,245
,431
,321
13,269
13,312 ,354
13,338 1,452
13,34? 1 , 309

525 " 16,456 I


540 16,475
553 16,327 l!
5(36 16.541
587 16,584

,571
,572
,569
,561
,562

73,250
73,224
75,285
76,078

32,016
32,223
32,733
32,920

1,227
356
1,230
336
1,238
773
1,270 1,019

104
125

3,025
3,108
3,628
3,769

2,325
l|2,329
.12,339
2,365

13,352 ,720
13,386 1,304
13,419 1,476
13,399 1 1,509

6U
605
627
657

.564
,564
, 555
,554

426 1,847

279 1,857

2,136
2,163
2,404
2,379

240

103 ! ,324
102 ,327
,335
,343

1,763
11,781
1.786

1,790

3,495 1.868
3,460 2,027

3,047 2,191

16,619
16,675
16,764
16,877

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)

Investments

Balances with

U.S. Government securities


Notes and bonds maturingCertificates

Total

Bills

30,614
30,530
30,645
31,007

4,038
3,894
4,119
4,441

1,583
1,590
1,533
1,589

31,086
30,630
31,120
30,681

4,479
4,124
3,907
3,688

30,635
30,401
30,606
29,820
29,519
30,045
29,761
30,327
30,340

Other
securities

Cash
items
in
process
of
collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Within I t o
1 year 5 years

After
5 years

2,639
2,638
2,641
2,682

18,227
18,291
18,255
18,242

4,127
4,117
4,097
4,053

10,167
10,247
10,224
10,287

13,141
12,029
11,936
10,443

1,434
1,483
1,402
1,382

12,703
12,157
12,492
12,355

3,355
3,075
2,970
3,530

107
91
89
105

4,047
4,103
4,009
4,065

148,688 Jan.
144,765
144,377
142,145

4
11
18
25

1,613
1,599
1,173
1,096

2,727
2,749
3,878
3,921

18,230
18,140
18,181
18,005

4,037
4,018
3,981
3,971

10,275
10,388
10,518
10,536

12,171
9,980
14,091
11,155

1,289
1,302
1,348
1,396

12,250
12,879
12,533
12,367

2,938
2,687
3,121
3,007

92
90
98
101

4,158
4,085
4,066
3,963

145,203 Feb.
142,197
147,873
143,767

1
8
15
22

3,674
3,484
3,687
3,002
2,772

1,098
1,199
1,217
1,196
1,169

3,992
4,044
4,086
4,103
4,078

17,919
17,794
17,737
17,661
17,590

3,952
3,880
3,879
3,858
3,910

10,552
10,717
10,786
10,818
10,858

13,001
10,978
13,103
11,046
10,682

1,260
1,286
1,285
1,336
1,382

12,095
12,258
12,169
12,426
11,886

3,018
2,751
3,084
3,007
2,875

107
108
127
124
106

4,067
4,132
4,112
4,157
4,312

146,007 Mar.
142,997
146,990
143,829
142,802

1
8
15
22
29

3,344
3,048
3,575
3,580

1,159
1,242
1,268
1,307

4,190
4,247
4,329
4,413

16,424
16,271
16,186
16,141

4,928
4,953
4,969
4,899

10,950
11,104
10,927
10,918

11,237
12,547
11,916
11,752

1,264
1,393
1,378
1,398

12,507
12,287
12,266
11,790

3,266
2,949
3,133
2,933

118
123
93
122

4,225
4,228
4,236
4,284

144,311 Apr.
145,254
145,281
144,897

5.
12
19
26

30,340

3,580

1,307

4,413

16,141

4,899

10,918

1 1 , 572

1,398

11,790

2,933

122

4,284

144,897 Apr.

26

30,590
30,290
31,438
31,188
31,397

3,728
3,379
3,447
3,259
3,461

1,410
1,485
2,203
2,257
2,292

4,472
4,512
4,973
4,996
5,108

16,103
16,071
16,168
16,089
16,033

4,877
4,843
4,647
4,587
4,503

10,863
10,873
10,952
10,838
10,837

11,735
11,453
12,790
10,615
12,149

1,278
1,347
1,354
1,393
1,395

12,327
12,418
12,740
12,404
12,171

3,095
2,765
2,961
2,639
2,958

156
133
117
129
113

4,319
4,288
4,125
4,192
4,339

145,782 May
145,102
147,927
144,680
146,569

3
10
17
24
31

31,431
33,124
32,935
31,976

3,494
5,177
4,894
3,923

2,302
2,330
2,379
2,386

5,180
5,164
6,163
6,223

15,941
15,945
14,983
14,948

4,514
4,508
4,516
4,496

10,928
10,825
10,905
10,959

10,966
13,640
11,609
1 1 , 340

1,320
1,423
1,394
1,469

12,200
12,369
12,435
12,227

2,702
3,373
2,834
3,172

112
114
129
120

4,277
4,227
4,226
4,303

144,489 June
149,890
148,139
146,974

7
14
21
28

31,974
31,456
31,899
34,103

3,959
3,522
3,856
6,138

2,386
2,418
2,553
2,547

6,264
6,256
6,278
6,299

14,927
14,855
14,802
14,726

4,438
4,405
4,410
4,393

10,922
11,006
11,022
11,107

12,284
13,268
12,498
11,032

1 , 306
1,494
1,399
1,429

12,371
12,333
12,156
12,379

3,064
3,149
2,934
3,032

111
123
128
133

4,331
4,334
4,343
4,510

149,051 July
148,384
147,762
148,582

5
12
19
26

33,790
33,327
33,328
33,332
33,464

5,856
5,386
5,461
5,394
5,632

,556
,540
,520
,522
,521

5,498
5,345
6,212
6,312
6,267

16,385
16,565
15,944
15,944
15,918

4,495
4,491
4,191
4,150
4,126

11,061
11,091
11,187
11,198
11,286

11,759
10,758
12,423
10,609
10,370

1,342
1,360
1,347
1,403
1,462

12,539
12,762
12,502
12,140
12,131

2,802
2,644
2,853
2,785
2,607

124
121
125
118
130

4,342
4,375
4,290
4,260
4,364

149,418 Aug.
147,253
149,734
146,964
146,843

2
9
16
23
30

33,321
33,171
33,181
34,414

5,556
5,457
5,469
6,717

,516
,508
,550
,548

6,244
6,229
6,284
6,310

15,887
15,847
15,792
15,776

4,118
4,130
4,086
4,063

11,287
11,629
11,714
11,700

11,264
12,855
12,329
11,633

1,377
1,475
1,449
1,490

12,463
12,640
12,986
12,260

3,001
2,955
2,975
2,824

132
141
142
153

4,410
4,420
4,370
4,474

148,166 Sept.
151,134
151,402
151,540

6
13
20
27

33,643
34,240
34,608
34,327

6,109
5,607
6,059
5,879

,530
,514
,516
,507

6,311
6,319
6,305
6,285

15,652
16,769
16,733
16,682

4,041
4,031
3,995
3,974

11,806
11,755
11,703
11,615

12,407
12,890
13,124
11,501

1,336
1,444
1,460
1,483

12,829
12,546
12,880
13,067

2,932
2,833
2,937
2,761

152
ISO
138
150

4,420
4,441
4,427
4,426

151,753 Oct.
152,835
154,439
151,630

4
11
18
25

34,087
33,770
34,181
33,867
34,932

5,772
5,500
5,752
5,491
5,569

,482
,456
1,484
1,485
1,475

6,233
6,301
5,079
5,067
5,064

16,645
16,540
18,234
18,320
18,326

3,955
3,973
3,632
3,504
3,498

11,537
11,482
11,547
11,647
11,717

13,156
12,788
15,109
12,941
12,076

1,399
1,438
1,458
1,435
1,651

12,978
12,802
12,810
13,111
12,524

2,950
2,744
3,047
2,782
3,166

166
161
160
162
175

4,457
4,640
4,443
4,367
4,436

154,004 Nov.
152,693
156,543
153,505
152,656

1
8
15
22
29

33,813
33,931
34,501
34,247

5,528
5,693
6,349
6,168

1,467
1,416
1,427
1,421

5,052
5,058
5,390
5,359

18,319
18,312
17,907
17,894

3,447
3,452
3,428
3,405

11,765
12,009
12,051
12,240

12,686
13,485
14,004
15,629

1,535
1,750
1,695
1,863

12,697
12,686
13,191
13,662

2,820
3,221
3,178
3,262

152
162
165
238

4,502
4,611
4,450
4,520

153,280 Dec.
155,079
158,520
161,739

6
13
20
27

1961

Digitized for FRASER


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Federal Reserve Bank of St. Louis

241

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,

(In millions
Demand deposits
Total
demand
and
time
deposits

Date

Total
Adjusted

Unadjusted

IndividStates
uals,
and politpartnerical subships,
divisions
and corps.

Domestic banks
U.S.
Government

Commercial

Mutual
savings

Foreign
Governments,
etc.

Commercial
banks

Ccr
aand
offi
>fficers'
ch<
checks

1961
Jan.

4
11
18
25

129,167
126,027
125,607
124,539

61,717
61,825
62,185
62,611

93,661
90,454
89,933
88,726

67,036
66,610
66,726
65,765

4,882
4,643
4,908
4,886

3,802
2,176
2,066
2,096

13,591
13,085
12,415
12,241

1,410
1,339
1,331
1,335

2,940
2,601
2,487
2,403

Feb.

1
8
15
22

126,300
123,004
128,299
124,502

61,340
60,874
60,010
60,031

89,690
86,281
91,513
87,625

65,208
63,678
66,285
63,814

5,138
4,856
4,802
4,987

3,105
2,337
3,725
3,829

11,687
11,647
12,258
11,211

1,387
1,443
1,429
1,399

3,165
2,320
3,014
2,385

Mar.

1
8
15
22
29

126,788
123,462
127,931
124,789
123,542

59,932
59,618
61,448
60,350
60,124

89,860
86,337
90,767
87,502
86,044

64,735
63,236
66,944
64,093
63,349

5,065
4,650
4,572
4,792
4,836

3,838
2,282
2,679
3,229
2,865

11,707
11,896
12,073
11,439
10,864

1,382
1,563
1,464
1,438
1 , 509

3,133
2,710
3,035
2,511
2,621

Apr.

5
12
19
26

125,645
126,301
126,505
125,621

60,016
61,180
62,277
62,049

87,950
88,403
88,543
87,446

63,911
66,285
66,274
65,527

4,766
4,703
5,228
5,229

2,755
1,227
926
1,076

12,468
11,967
11,977 ----- =
11,132

1,474
1,482
1,447
1,437

2,576
2,739
2,691
3,045

Apr.

26

125,621

64,064

87,446

65,418

5,229

1,076

10,554

524

566

1,034

3,045

May

3
10
17
24
31

126,767
125,608
128,205
125,107
127,247

62,550
62,246
61,313
61,876
62,120

88,229
86,840
89,331
86,041
88,056

63,869
63,490
63,926
62,651
64,168

5,572
5,186
5,138
5,223
5,490

2,854
2,244
3,994
3,446
2,982

11,090
10,897
11,234
10,104
10,805

551
539
545
496
497

536
591
644
589
615

976
1,021
981
973
949

2,781
2,872
2,869
2,559
2,550

June

7
14
21
28

124,919
131,072
128,916
127,967

62,210
63,433
62,600
62,156

85,628
91,610
89,480
88,255

63,391
66,811
64,512
63,750

5,210
4,891
4,737
4,932

1,565
2,788
4,750
3,834

10,887
11,749
10,521
10,925

531
511
489
472

655
604
682
644

968
988
1,030
982

2,521
3,268
2,759
2,716

July

5
12
19
26

129,530
129,305
128,320
129,598

61,155
61,892
62,509
63,398

89,698
89,346
88,203
89,382

63,866
65,451
65,212
64,692

5,015
4,716
4,516
4,822

4,015
2,089
1,790
4,164

11,744
12,097
11,406
10,788

569
587
563
500

645
670
665
721

953
945
956
948

2,89[
2,791
3,095
2,747

Aug.

2
9
16
23
30

129,731
127,484
129,587
127,367
127,039

62,381
61,998
61,017
61,434
61,855

89,427
87,046
89,113
86,846
86,379

64,044
63,157
64,013
62,748
62,935

5,107
4,776
4,712
4,702
4,847

4,086
3,079
4,116
3,748
3,568

11,201
11,211
11,557
11,055
10,586

517
513
514
465
459

704
701
666
681
632

978
892
1,023
986
966

2,790
2,717
2,512
2,461
2,386

Sept.

6
13
20
27

128,475
130,896
131,304
131,361

61,791
63,341
62,720
62,166

87,722
89,957
90,394
90,354

63,895
67, 108
65,689
64,480

4,673
4,480
4 494
4,693

2,787
1,974
3,626
5,533

11,880
11,787
11,719
11,022

504
494
508
486

643
626
620
655

940
947
1,015 '
988

2,400
2,541
2,723
2,497

Oct.

4
11
18
25

132,067
132,999
134,387
131,705

61,542
62,189
63,410
63,920

90,894
91,741
93,170
90,463

64,305
65,924
67,325
66,365

4,739
4,374
4,407
4,505

5,023
4,669
4,366
3,628

11,922
11,993
12,270
11,414

588
577
596
533

643
617 j
751
642

981
969
970
992

2,693
2,618
2,485
2,384

Nov.

1
8
15
22
29

133,867
132,117
135,765
132,617
1 32 , 404

63,423
62,388
62,777
62,644
63,906

92,658
90,858
94,714
91,449
91,216

66,407
65,364
67,454
65,932
66,183

5,027
4,620
4,743
4,793
4,984

4,071
3,429
4,152
4,124
3,414

12,008
12,253
12,676
11,740
11,820

552
568
551
512
504

587
557 i
625
576
615

1,019
1,029
1,001
1,022
1,032

2,987
3,038
3,512
2,750
2,754

Dec.

6
13
20
27

132,256
134,934
137,924
140,742

63,369
65,987
66,185
66,343

90,977
93,602
96,571
99,270

66,139
69,716
69,927
71,156

4,749
4,613
4,715
4,863

2,760
1,691
3,690
4,557

12,162
12,439
12,692
12,741

550
510 j
502 ;
517

656
689
621
643 i

1,035
1,021
1,092
1,179

2,926
2,923
3,332
3,614

Digitized for FRASER


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

242

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Individuals, part- States


nerships, and
and
U.S.,
political Governcorps.
subdiviment
sions
Savings Other

Borrowings
Domestic
interbank

Commercial

Foreign

Mutual Governsavings ments,


etc.

Commercial
banks

From
F.R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1961
35,506
35,573
35,674
35,813

31,383
31,444
31,523
31,572

2,383
2,393
2,405
2,488

142
141
145
151

<>98
>95
',<)01
,(502

72
17
35
20

2,366
,576
,612
467

4,886
4,937
4,936
4,924

12,197
12,208
12,187
12,195

148,688
144,765
144,377
142,145

Jan.

4
11
18
25

36,610
36,723
36,786
36,877

32,344
32,447
32,499
32,610

2,500
2,513
2,532
2,508

152
145
146
148

,<514
,<>18
,e)09
,<511

142
412
435
272

,461
,490
,791
,497

5z036
5,011
5,086
5,206

12,264
12,280
12,262
12,290

145,203
147,197
147,873
143,767

Feb.

1
8
15
22

36,928
37,125
37,164
37,287
37,498

32,682
32,846
32,939
33,032
33,204

2,494
2,516
2z453
2,475
2,513

147
148
154
155
156

24
132
24
34
60

,662
,845
,795
,626
,623

5,206
5,225
4,924
5,060
5,204

12,328
12,333
12,316
12,320
12,373

146,007
142,997
146,990
143,829
142,802

Mar.

1
8
15
22
29

37,695
37,898
37,962
38,175

33,324
33,451
33,422
33,596

2,578
2,620
2,681
2,723

157
156
160
154

,<>05
,(515
,<518
,<525
,<>25
,(>36
,<>71
,<599
i/ro2

60
90
19
11

,159
,468
,315
,674

5,059
4,997
5,071
5,198

12,388
12,398
12,371
12,393

144,311
145,254
145,281
144,897

Apr.

5
12
19
26

38,175

27,819

5,480

2,723

154

128

1,754

110

11

,674

5,198

12,393

144,897

Apr.

26

38,538
38,768
38,874
39,066
39,191

27,902
27,994
28,066
28,131
28,202

5,699
5,790
5,805
5,871
5,939

2,775
2,797
2,803
2,839
2,837

157
158
163
161
157

131
133
136
137
136

6
6
7
7
7

1,780
,795
,807
,837
,829

88
95
87
83
84

25
192
715
176
46

,277
,626
,277
,607
,426

5,261
5,214
5,268
5,329
5,341

12,452
12,462
12,462
12,461
12,509

145,782
145,102
147,927
144,680
146,569

May

3
10
17
24
31

39,291
39,462
39,436
39,712

28,408
28,449
28,509
28,627

5,858
5,974
5,933
6,102

2,809
2,822
2,817
2,799

1164
164
164
163

137
139
139
139

7
8
8
8

,823
,815
,778
,789

85
91
88
85

27
17
44
20

,705
882
,507
,221

5,335
5,428
5,188
5,244

12,503
12,491
12,484
12,522

144,489
149,890
148,139
146,974

June

7
14
21
28

39,832
39,959
40,117
40,216

28,714
28,763
28,805
28,823

6,133
6,194
6,281
6,343

2,789
2,803
2,793
2,794

167
168
166
164

140
140
144
147

8
8
8
8

,790
,792
,821
,842

91
91
99
95

25
9
141
11

,885
,467
,608
,078

5,061
5,051
5,168
5,352

12,550
12,552
12,525
12,543

149,051
148,384
147,762
148,582

July

5
12
19
26

40,304
40,438
40,474
40,521
40,660

28,862
28,955
28,985
29,015
29,030

6,389
6,394
6,336
6,351
6,415

2,783
2,799
2,811
2,811
2,817

159
164
167
166
163

141
143
145
143
144

8
8
8
8
8

,869
,878
1,922
1,935
1,990

93
97
100
92
93

122
399
88
5
26

1,714
1,439
1,947
1,561
1,674

5,241
5,305
5,488
5,409
5,449

12,610
12,626
12,624
12,622
12,655

149,418
147,253
149,734
146,964
146,843

Aug.

2
9
16
23
30

40,753
40,939
40,910
41,007

29,079
29,110
29,156
29,244

6,458
6,589
6,519
6,512

2,783
2,809
2,788
2,777

155
158
159
160

143
139
138
151

8
8

2,035
2,022
2,039
2,058

92
104
101
96

31
11
179
72

1,503
2,025
1,761
2,003

5,488
5,529
5,510
5,422

12,669
12,673
12,648
12,682

148,166
151,134
151,402
151,540

Sep.-

41,173
41,258
41,217
41,242

29,400
29,466
29,516
29,565

6,498
6,512
6,499
6,485

2,775
2,757
2,709
2,703

158
156
155
146

152
152
154
152

10
10
10

91
90
93
93

24
75
19
226

1,744
1,780
1,934
1,544

5,185
5,232
5,373
5,419

12,733
12,749
12,726
12,736

151,753
152,835
154,439
151,630

Oct.

11

2,089
2,115
2,081
2,087

4
11
18
25

41,209
41,259
41,051
41,168
41,188

29,621
29,708
29,724
29,790
29,771

6,406
6,373
6,163
6,127
6,190

2,693
2,694
2,658
2,727
2,721

148
148
159
155
152

154
157
156
156
150

12
10
10
10
10

2,082
2,078
2,087
2,112
2,101

93
91
94
91
93

241
462
581
362
14

1,727
1,824
1,774
2,085
1,690

5,350
5,445
5,583
5,618
5,695

12,819
12,845
12,840
12,823
12,853

154,004
152,693
156,543
153,505
152,656

Nov.

1
8
15
22
29

41,279
41,332
41,353
41,472

29,853
29,894
29,944
30,082

6,140
6,118
6,001
5,969

2,768
2,783
2,845
2,851

151
163
164
166

150
149
150
151

10
10
10
10

2,103
2,108
2,134
2,135

98
107
105
108

10
5
288
482

2,363
1,534
1,921
2,081

5,709
5,734
5,443
5,461

12,882
12,872
12,944
12,973

153,220
155,079
158,520
161,739

Dec.

6
13
20
27

Digitized for FRASER


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

'8

243

6
20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A e MEMBER BANKS,
(In millions

Loans
Loans and
investments

Date

Total

Total
adjusted

For purchasing or carrying


securities

Total

Adjusted

Net

Commercial
and
industrial

Agricultural

To brokers
and dealers

To nonbarak
financial
institutions

To con
ba
i

To
others

Personat '
: Real
and I;
estate
sales
U.S.
U.S.
Other
Govt.
fiGovt. Other
Other
secu- secu- secu- secu- nance
rities rities rities rities cos.
etc.

Domestic

Foreign

~ r j

1962

liVTemo:
valuation
| rc! serves

All
other

~;i|^~=

Jan.

3
10
17
24
31

122,631
120,812
120,410
119,432
120,360

120,354
119,012
118,692
118,038
118,515

74,285
73,129
72,520
71,553
71,870

76,562
74,929
74,238
72,947
73,715

32,797
32,501
32,230
31,981
31,988

847 2,363
,303
,307 ! 571 i 2,221
,325
424 2,116
,322
208 1,982
329 2,011
,317

137
116
111
110
111

1,358
1,358
1,348
1,348
1,353

3,729
3,421
3,394
3,115
3,184

2,430 13,403 !2,277


!2,377 i| 13,404 1.HII0 "
2,360 13,407 1,718
2,325 13,406 1,394 !:
2,332 13,420 1,845

674
644
654
630
628

16,940
16,909
16,853
16,827
16,902

,696
,700
,702
,701
,705

Feb.

7
14
21
28

119,704
119,637
119,380
120,656

117,866
117,877
117,829
118,928

71,705
72,099
71,901
72,886

73,543
73,859
73,452
74,614

32,038
32,117
32,176
32,204

,314
,318
,315
,322

389
595
322
640

1,946
1,966
1,996
2,345

109
110
107
133

1,357
1,362
1,361
1,360

'3,036
:.3,064
3,079
3,274

2,292
2,295
2,285
'2,301

13,415
13,452
13,475
13,497

j l , 760
ll.SSI '

6-19
643
650
629

16,865
16,888
16,847
16,894

,705
711
712
,713

Mar.

7
14
21
28

119,657
120,246
121,182
121,349

117,995
118,435
119,478
119,538

72,294
72,981
73,650
74,030

73,956
74,792
75,354
75,841

32,203
32,607
33,145
33,014

,318
,323
,328
,322

440
582
472
837

2,108
2,065
2,132
2,203

134
112
115
105

1,373
1,375
1,374
1,374

3,191
3,257
3,348
|3,351

J2.249 i 13,484 1,662 i


2,266 13,546 1,811
2,271 13,599 1,704
12,273 13,620 1,811

627
640
672
692

16,882
16,928
16,913
16,958

,715
,720
,719
,719

Apr.

4
11
18
25

120,912
120,992
122,684
122,089

119,202
119,628
121,069
120,482

73,874
74,054
74,671
74,483

75,584
75,418
76,286
76,090

33,064 ,329
32,970 ,350
32,987 1,354
32,778 ,364

581
687
1,025
866

2,250
2,276
2,319
2,308

109
132
118
117

1,383
1,396
1,413
1,412

3,309
3,194
3,250
3,266

2,257
2,280
2,316
2,324

13,624
13,703
13,757
13,840

1,710
1,364 '

700
718
696
700

16,989
17,068
17,159
17,231

,721
,720
,723
,723

May

2
9
16
23
30

123,697
122,038
123,080
122,548
122,354

121,909
120,379
121,312
120,832
120,660

75,930
75,073
75,429
74,719
74,647

77,718
76,732
77,197
76,435
76,341

32,937
32,910
33,123
32,978
32,854

1,372 1,371 2,541


1,377
929 2,357
1,377 1,102 2,160
1,384
546 2,154
487 2,123
1,378

121
106
96
93
91

1,416
1,418
1,416
1,398
1,408

3,472
3,267
3,334
3,262
3,316

h,288
2,272
2,312
2,308
2,320

13,874
13,923
13,990
14,041
14,068

704
701
681
702
693

17,558
17,536
17,557
17,570
17,625

,724
,723
,719
,717
,716

June

6
13
20
27

122,496
123,547
124,238
124,345

120,816
121,640
122,872
122,806

74,677
75,075
76,025
75,902

76,357
76,982
77,391
77,441

32,791
32,894
33,328
33,354

1,381
1,389
1,387
1,383

499
713
789
597

2,022
1,940
1,939
1,936

92
93
91
92

1,381
1,354
1,339
1,333

3,436
3,430
3,670
3,549

2,334
2,385
2,448
2,490

14,084
14,161
14,227
14,268

1,788 :,
1,659 i
1,768
1,716
11,694
\
1,680
U,907
1,366
1,539

690
707
741
749

17,685
17,728
17,784
17,872

,718
,719
,718
,721

July

4
11
18
25

124,658
123,934
123,475
123,213

122,775
122,506
122,271
121,657

75,900
75,539
75,339
75,026

77,783
76,967
76,543
76,582

33,183
33,278
33,038
32,954

1,381
1,384
1,396
1,408

513
423
449
289

1,980
1,776
1,749
1,755

89
91
86
83

1,317
1,311
1,319
1,314

3,703
3,471
3,453
J3i359

2,486
2,484
2,521
[2,528

14,311
14,400
14,469
14,506

1,883 !
1,428 I
1,204
1,556

767
770
753
736

17,894
17,877
17,831
17,818

,724
,726
,725
,724

Aug.

1
8
15
22
29

124,212
122,947
124,437
123,850
124,105

122,314
121,149
122,717
122,328
122,068

75,732
75,236
76,074
75,924
75,975

77,630
77,034
77,794
77,446
78,012

33,146 1,221
33,120 1,214
33,360 ,218
33,418 ,230
33,442 ,230

363
199
452
349
298

1,916
1,886
2,009
1,876
1,926

92
79
83
79
80

1,303
1,299
1,306
1,298
1,300

3,717
3,480
3,602
3,557
3,505

2,542
2,536
2,584
2,582
2,599

14,525
14,542
14,604
14,656
14,696

1,898 ,
1,798

740
753
739
740
744

17,895
17,856
17,847
17,869
17,883

,728
,728
,730
,730
,728

Sept.

5
12
19
26

124,449
124,909
126,065
125,344

122,592
123,149
124,252
124,140

76,211
76,957
78,259
78,178

78,068
78,717
80,072
79,382

33,392
33,590
33,881
34,063

,243
304
,263
827
,286 1,440
,296 11,178

1,976
2,040
2,180
2,188

80
82
82
81

1,298
1,295
1,290
1,269

3,684
;3,525
3,637
3,530

2,631
2,648
2,683
2,696

14,728
14,810
14,877
14,927

1,857
1,760
1,813

704
681
666
650

17,905
17,931
17,970
18,034

,734
,735
,733
,734

Oct.

3
10
17
24
31

126,698
126,104
126,955
125,924
127,402

124,899
124,344
125,093
124,200
125,533

77,726
77,708
77,981
77,441
78,765

79,527
79,468
79,843
79,165
80,634

34,081
34,085
34,221
34,009
34,290

,318
661
,327
758
,340
823
,351
614
,384 1,186

2,131
2,123
2,142
2,069
2,196

83
80
82
80
81

1,270
1,272
1,285
1,288
1,301

3,572
3,429
3,422
3,314
3,432

2,707
2,724
2,737
2,703
2,712

14,940
15,008
15,084
15,155
15,203

1,801

1,760
1,862
1,724

642
652
648
653
663

18,062
17,991
17,939
17,947
18,065

,741
,741
,742
,742
,748

Nov.

7
14
21
28

126,479
126,688
127,170
126,979

124,672
124,798
125,459
125,472

78,432
78,980
79,037
78,861

80,239
80,870
80,748
80,368

34,322 ,421
34,617 ,442
34,787 ,452
34,680 1,480

887
948
700
661

2,004
2,020
2,082
2,077

80
81
85
82

1,320
1,322
1,321
1,334

3,431
13,456
3,445
3,371

2,763
2,767
2,734
2,714

15,231
15,309
15,384
15,399

j 1,890 i
1,711 i
1,507 j

1,807

644
644
621
623

18,076
18,120
18,172
18,183

,747
,746
1,746
1,743

Dec.

5
12
19
26

128,058
128,706
131,160
132,075

126,113
!l26,817
1129,361
129,940

79,364
79,821
81,920
82,311

81,309
81,710
83,719
84,446

34,779
34,807
35,075
35,166

86
82
88
97

1,334
1,348
jl,3S8
1,369

3,420
3,544
3,935
4,237

2,700
2,726
2,776
2,774

15,415
15,470
15,483
15,504

1,945
1,889 i
1,799 i
2,135
'
I

613
618
625
650

18,251
18,299
18,339
18,374

1,745
1,748
1,741
1,741

Digitized for FRASER


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

1,493
849 2,169
863 2,309
1,503
1,526 1,824 2,632 |
1,529 1,604 2,748

244

1,838 i

1,728

ir.615
1,607

1,720
1,522
2,037

1,204

1,869

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)

Investments

Balances with

U.S. Government securities


Notes and bonds maturing
Total

Bills

33,960
33,662
33,954
34,312
34,467

5,972
5,754
6,073
6,090
6,204

33,914
33,564
33,492
33,510

Certificates

Other
securities

Cash
items
in
process
of
collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Within
1 year

1 to
5 years

After
5 years

,379
,385
,387
,416
,451

5,411
5,356
5,398
5,418
5,481

17,852
17,878
17,792
17,811
17,778

3,346
3,289
3,304
3,577
3,553

12,109
12,221
12,218
12,173
12,178

14,866
12,779
13,889
11,636
13,094

1,637
1,652
1,587
1,626
1,532

13,436
12,678
12,832
12,358
12,612

3,374
3,089
2,963
3,103
2,893

190
163
165
155
159

4,587
4,661
4,588
4,605
4,782

160,721
155,834
156,434
152,915
155,432

Jan.

3
10
17
24
31

5,779
5,497
5,366
5,498

,436
1,461
2,352
2,367

5,509
5,553
6,047
6,074

17,668
17,531
16,265
16,150

3,522
3,472
3,462
3,421

12,247
12,214
12,436
12,532

11,293
13,452
12,275
14,284

1,457
1,542
1,474
1,464

12,645
12,419
12,332
12,605

2,657
2,960
2,786
2,873

151
158
147
157

4,785
4,804
4,665
4,795

152,692
154,972
153,059
156,834

Feb.

7
14
21
28

32,908
32,585
32,556
32,214

4,995
4,944
4,952
4,598

2,355
2,351
2,361
2,390

6,073
6,051
6,090
6,145

15,921
15,218
15,065
14,991

3,564
4,021
4,088
4,090

12,793
12,869
13,272
13,294

11,481
13,781
12,280
1 1 , 665

1,407
1,523
1,485
1,531

12,775
12,529
13,231
12,676

2,682
2,996
2,823
2,790

158
153
178
166

4,754
4,717
4,615
4,592

152,914
155,945
155,794
154,769

Mar.

7
14
21
28

31,923
31,851
32,441
32,097

4,248
4,266
4,381
4,037

2,364
2,348
2,351
2,365

6,317
6,296
6,341
6,339

14,881
14,836
14,834
14,808

4,113
4,105
4,534
4,548

13,405
13,723
13,957
13,902

12,465
12,933
13,672
11,854

1,361
1,515
1,531
1,571

12,931
12,656
12,692
12,798

2,899
2,772
2,871
2,774

172
153
154
152

4,602
4,555
4,544
4,541

155,342
155,576
158,148
155,779

Apr.

4
11
18
25

32,069
31,667
32,125
32,320
32,256

3,874
3,432
3,831
3,970
3,962

2,370
2,371
2,171
2,147
2,121

6,455
6,501
6,536
6,635
6,608

14,805
14,798
14,584
14,525
14,535

4,565
4,565
5,003
5,043
5,030

13,910
13,639
13,758
13,793
13,757

13,949
11,919
14,557
11,907
12,291

1,443
1,478
1,489
1,540
1,581

12,693
12,555
12,846
12,492
12,500

2,968
2,667
2,922
2,640
2,887

137
153
136
153
164

4,701
4,600
4,478
4,489
4,572

159,588
155,410
159,508
155,769
156,349

May

2
9
16
23
30

32,266
32,255
32,526
32,418

3,980
4,065
4,184
3,997

2,141
2,138
2,210
2,215

6,651
6,718
6,694
6,749

14,476
14,406
14,756
14,798

5,018
4,928
4,682
4,659

13,873
14,310
14,321
14,486

12,494
13,949
13,210
12,653

1,446
1,583
1,538
1,620

12,773
12,780
13,238
13,068

2,850
2,945
2,866
2,805

139
151
141
172

4,582
4,521
4,508
4,551

156,780
159,476
159,739
159,214

June

6
13
20
27

32,195
32,237
32,245
31,745

3,822
3,896
4,024
3,624

2,124
2,105
2,109
2,095

6,800
6,778
6,759
6,754

14,814
14,808
14,731
14,668

4,635
4,650
4,622
4,604

14,680
14,730
14,687
14,886

14,750
13,623
13,883
11,375

1,419
1,616
1,566
1,582

13,425
12,495
13,110
12,466

3,112
2,921
2,895
2,807

156
162
154
155

4,612
4,594
4,596
4,641

162,132
159,345
159,679
156,239

July

4
11
18
25

31,638
30,959
31,747
31,450
31,075

3,573
3,035
3,283
3,103
2,833

2,085
2,077
2,971
2,980
2,968

6,737
6,664
7,251
7,356
7,485

14,667
14,626
12,967
12,790
12,564

4,576
4,557
5,275
5,221
5,225

14,944
14,954
14,896
14,954
15,018

13,406
11,450
14,873
11,761
11,426

1,483
1,499
1,508
1,569
1,630

12,907
12,846
12,782
13,061
12,624

2,911
2,683
2,999
2,679
2,674

152
150
159
164
161

4,754
4,725
4,559
4,443
4,599

159,825
156,300
161,317
157,527
157,219

Aug.

1
8
15
22
29

31,370
30,917
30,944
30,818

3,194
3,034
3,081
2,963

2,939
2,921
2,885
2,116

7,530
7,432
7,431
5,938

12,466
12,366
12,357
14,092

5,241
5,164
5,190
5,709

15,011
15,275
15,049
15,144

12,341
14,150
13,272
12,481

1,525
1,670
1,628
1,654

12,746
12,783
12,871
12,847

2,901
2,964
2,971
2,822

157
159
152
141

4,628
4,589
4,568
4,544

158,747
161,224
161,527
159,833

Sept.

5
12
19
26

31,995
31,513
31,846
31,444
31,432

4,310
3,972
4,356
4,019
4,017

2,102
2,096
2,096
2,105
2,098

5,925
5,884
5,863
5,819
5,758

13,989
13,925
13,916
13,871
13,897

5,669
5,636
5,615
5,630
5,662

15,176
15,123
15,266
15,315
15,336

12,958
12,646
14,917
12,845
15,174

1,506
1,609
1,591
1,610
1,585

13,368
12,656
12,998
12,665
12,585

3,004
2,762
2,979
2,790
2,975

147
144
144
146
245

4,560
4,569
4,510
4,520
4,710

162,241
160,490
164,094
160,500
164,676

Oct.

3
10
17
24
31

30,952
30,594
31,034
31,124

3,605
3,271
3,727
3,854

2,090
2,099
2,273
2,276

5,743
5,703
3,942
3,975

13,826
13,794
14,761
14,763

5,688
5,727
5,331
6,256

15,288
15,224
15,388
15,487

14,041
15,190
14,294
13,168

1,561
1,709
1,550
1,802

12,390
12,254
12,577
12,366

2,883
3,094
2,933
3,204

160
138
147
158

4,715
4,731
4,592
4,682

162,229
163,804
163,263
162,359

Nov.

7
14
21
28

31,277
31,231
31,619
31,808

4,231
4,225
4,640
4,912

2,278
2,288
2,317
2,346

4,006
4,037
4,042
3,992

14,573
14,513
14,450
14,386

6,189
6,168
6,170
6,163

15,472
15,765
15,822
15,821

13,883
14,690
15,297
13,294

1,616
1,861
1,831
1,959

12,110
12,378
12,917
12,828

3,014
3,029
3,128
3,187

145
151
156
188

4,764
4,772
4,753
4,848

163,590
165,587
169,242
168,379

Dec.

5
12
19
26

1962

Digitized for FRASER


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

245

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Demand deposits
Total
demand
and
time
deposits

Date

Total
_=__ __M^, ... Adjusted

Unadjusted

Individuals,
partnerships.
and corps.

States
and politicalsubdivisions

~:

Domestic banks
Foreign
U.S.
;. ,_ ._ ,._ . ._-,.___ ,
GovernGovernComment
ComMutual
j mercial i savings
mercial
ments,
etc.
banks
-=-

Certified
and
officers'
checks

1962
Jan.

3
10
17
24
31

139,561
135,363
135,548
132,778
134,698

65,644
65,729
65,050
64,762
64,350

97,958
93,305
93,186
90,158
91,839

70,118
68,433
69,069
66,793
67,128

5,002 1
4,796 !
4,757
4,870
5,204

4,033
1,786
1,877
2,082
3,220

13,415 1
13,011
12,370
11,678 ;
11,175

612
672
619
543
520

633
625
592
571
622

1,163
1,081
1,012
1,006
1,010

2,982
2,901
2,890
2,615
2,960

Feb.

7
14
21
28

131,692
133,878
132,395
135,777

63,445
63,071
62,148
63,104

88,483
90,519
88,735
91,871

64,941
67,133
64,523
66,501

4,973
4.686
4,951
5,234

2,324
2,489
3,445
3,316

11,421
11,507
10,867
11,167 j

565
540
511
507

577
572
606
589

990
998
998
1,006

2,692
2,594
2,834
3,551

Mar.

7
14
21
28

131,627
134,706
134,681
134,070

62,286
63,090
61,904
62,229

87,295
90,060
89,903
89,015

64, 183
67,160
64,573
63,936

4,896
4,489
4,617
4,848

2,179
1,779
4,594
4,277

11,349
11,410
11,125
10,844

556
527
513
502

581
602
652
657

999
, 050
,031 i
,006

2,552
3,043
2,798
2,945

Apr.

4
11
18
25

134,932
135,109
137,241
135,077

62,012
63,723
64,345
64,321

89,636
89,711
91,796
89,564

64,447
66,536
67,691
66,274

3,092
1,489
1,994
2,593

12,067
11 , 566
11,785
10,796

616
563
537
498

606
583
596
692

,043
,067
,056
,023 |

2,880
3,137
3,204
2,542

May

2
9
10
23
30

138,731
134,859
138,450
134,954
135,781

63,071
61,842
60,657
60,857
61,621

93,061
88,959
92,378
88,675
89,297

65,458
63,380
64,770
62,589
63,705

4,885 !|
4,770 ;
4,933
5,146 '.
5,771
5,366
5,179 '
5,404
5,404

4,744
4,201
5,725
5.521
5,028

11,297
10,997
11,439
10.390
10,357

554
528
5(3
481
478

686
679
633
617
540

,045
,005
,052
,005
,061

3,506
2,803
3,067
2,668
2,724

June

6
13
20
27

135,996
138,317
139,016
138,468

61,504
62,769
62,226
61,472

89,341
91,487
92,150
91,391

63,718
66,761
65,457
64,022

5,181
4,878 ,
4,688 "
4,829

3,907
3;314
5,486
6,594

11,436
11,445
11,228
10,672

538
509
498
484

563
572
621
655

,095
,082 i
,102
,061

2,903
2,916
3,070
3,074

July

4
11
18
25

141,339
138,884
138,776
135,872

60,865
61,567
61,768
62,819

94,152
91,629
91,537
88,615

64,819
65,190
65,639
64,644

5,100
4,632
4,595 ,|
4,771

6,626
4,450
3; 969
3,557

11,911
11.989
11,917
10,864

616
631
581
502

627
614
708
656

,091
,031
,044
999

3,362
3,092
3,084
2,622

Aug.

1
8
15
22
29

138,769
134,707
140,054
136,323
135,630

62,431
61,308
60,518
60,484
60,638

91,527
87,326
92,583
88,735
87,901

65,116
63,018
64,914
62,687
62,583

5,129
4,953
4,848
4,697
4,622

4,369
3,070
5,321
5,413
4,917

11,301
11,498
ti;871
11,077
10,920

531
548
525
491
476

643
629
646
629
595

1,028
982 i
998
976
970

3,410
2,628
3,460
2,765
2,818

Sept.

5
12
19
26

137,348
139,636
140,077
138,524

60,899
62,094
61,758
61,073

89,625
91,735
92,174
90,421

63,769
66,878
65,687 i
64,190

4,819
4,389
4,426
4,528

4,451
3,247
5,052
5,418

11,934
12,244
12,092
11,449

526
527
513
537

608
611
627
580

963
964
966
974

2,555
2,875
2,811
2,745

Oct.

3
10
17
24
31

141,070
139,490
142,578
139,300
143,170

60,744
61,377
61,511
62,311
63,025

92,845
91,059
94,071
90,684
94,512

64,085
64.492
67,053
65,269
66,996

4,631
4,491
4,350
4,623
5,017

7,022
4,868
4,829
3,986
4,283

12,121
12,168
12,814
1 1 , 542
12,030

599
599
612
554
554

543
524
563
682
647

990
976
971
1,007
1,034 1

2,854
2,941
2,879
3,021
3,95!

Nov.

7
14
21
28

140,067
141,813
141,422
140;S62

61,472
62,197
61,986
63,007

91,261
93,047
92,687
91,839

65,092
67,537
66,268
65,916

4,815
4,743
4,970
4,938

3,092
3,043
4,314
3,634

12,656
12,617
12,093
12,030

573
551
532
512

645
594
584
554

1,027
1,023
992
998

3,361
2,939
2,934
3,257

Dec.

5
12
19
26

141,566
143,582
147,298
146,207

62,762
65,029
66,326
66,263

92,315
93,988
97,533
96,196

66,229
69,143
70,345
69,603

5,000
4,857
4,759
4,788

3,388
2,339
3,600
4,772

12,282
11,930
12,310
11,867

540
515
539
514

576
614
634
677

1,017
1,051
1,087 \
1,130

3,283
3,539
4,259
2,845

Digitized for FRASER


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

246

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Borrowings
Capital

Total
liabilities

Other

Other
liabilities

counts

capital
accounts

Total

Individuals, part- States


Domestic
Foieign
U.S.
nerships, and corinterbank
and
porations
political Grovernsubdivi- ment
Govern- ComComMutual ments, mercial
sions
mercial savings
Savings Other
etc.
banks

41,603
42,058
42,362
42,620
42,859

30,225
30,422
30,461
30,563
30,641

5,945
6,120
6,309
6,427
6,548

2,851
2,922
2,992
3,021
3,068

168
166
175
177
174

155
155
153
152
152

13
14
14
14
14

2,139
2,155
2,155
2,154
2,157

107
104
103
112
105

236
27
246
47
52

2,763
2,031
2,184
1,547
2,011

5,198
5,421
5,491
5,578
5,641

12,963
12,992
12,965
12,965
13,030

160,721
155,834
156,434
152,915
155,432

Jan.

43,209
43,359
43,660
43,906

30,801
30,907
31,012
31,082

6,722
6,756
6,923
7,058

3,098
3,108
3,139
3,169

170
171
169
170

154
155
159
168

14
14
14
14

2,140
2,140
2,131
2,129

110
108
113
116

105
138
79
45

2,160
2,141
1,809
2,126

5,672
5,766
5,738
5,789

13,063
13,049
13,038
13,097

152,692
154,972
153,059
156,834

Feb.

44,332
44,646
44,778
45,055

31,258
31,400
31,518
31,634

7,327
7,455
7,468
7,614

3,126
3,149
3,176
3,212

172
172
173
173

171
172
174
170

14
14
15
15

2,148
2,166
2,138
2,122

116
118
116
115

298

2,141
2,403
2,211
2,154

5,743
5,703
5,484
5,297

13,105
13,090
13,077
13,098

152,914
155,945
155,794
154,769

Mar,

341
150

45,296
45,398
45,445
45,513

31,741
31,765
31,695
31,740

7,704
7,746
7,823
7,804

3,238
3,287
3,351
3,381

178
176
176
177

171
173
167
168

16
20
20
20

2,128
2,117
2,092
2,106

120
114
121
117

67
247
224
266

2,075
1,847
2,169
1,976

5,115
5,202
5,373
5,318

13,153
13,171
13,141
13,142

155,342
155,576
158,148
155,779

Apr.

45,670
45,900
46,072
46,279
46,484

31,776
31,891
31,976
32,066
32,116

7,860
7,964
8,061
8,169
8,322

3,426
3,420
3,394
3,404
3,403

176
177
181
182
183

166
168
168
169
170

21
24
25
25
25

2,127
2,139
2,147
2,147
2,150

118
117
120
117
115

36
36
174
44
38

2,098
1,948
2,186
2,120
1,804

5,498
5,330
5,478
5,434
5,473

13,225
13,237
13,220
13,217
13,253

159,588
155,410
159,508
155,769
156,349

May

46,655
46,830
46,866
47,077

32,194
32,287
32,384
32,539

8,399
8,506
8,451
8,511

3,422
3,411
3,401
3,402

180
185
186
187

169
170
170
170

27
27
27
27

2,145
2,129
2,126
2,118

119
115
121
123

26
73
410
291

1,979
2,297
,723
,825

5,505
5,524
5,343
5,356

13.274
13,265
13,247
13,274

156,780
159,476
159,739
159,214

June

47,187
47,255
47,239
47,257

32,740
32,887
32,981
33,044

8,437
8,415
8,343
8,296

3,405
3,319
3,283
3,273

185
192
190
190

167
165
166
166

25
25
25
25

2,110
2,129
2,129
2,142

118
123
122
121

45
10
634
72

2,279
,916
,697
,657

5,147
5,224
5,302
5,364

13,322
13,311
13,270
13,274

162,132
159,345
159,679
156,239

July

47,242
47,381
47,471
47,588
47,729

33,114
33,242
33,304
33,374
33,404

8,251
8,260
8,296
8,354
8,428

3,252
3,233
3,239
3,246
3,255

166
167
169
167
172

166
165
164
163
163

24
25
25
25
25

2,146
2,167
2,153
2,141
2,159

123
122
121
118
123

133
566
268
494
77

2,136
2,219
2,188
2,002
2,547

5,426
5,436
5,453
5,370
5,575

13,361
13,372
13,354
13,338
13,390

159,825
156,300
161,317
157,527
157,219

Aug.

47,723
47,901
47,903
48,103
48,225
48,431
48,507
48,616
48,658

33,481
33,552
33,631
33,735

8,402
8,548
8,457
8,544

167
167
164
164

164
164
165
167

23
24
24
24

2,143
2,107
2,100
2,093

121
123
124
123

58
147
40
741

13,423
13,414
13,398
13,429

158,747
161,224
161,527
159,833

Sept.

8,566
8,647
8,664
8,696
8,688

153
159
157
158
157

166
170
170
172
170

24
24
26
25
22

2,053
2,064
2,073
2,106
2,107

124
121
126
126
124

117
54
136
122
160

2,435
2,579
2,588
1,795
2,343
2,247
2,616
2,311
2,433

5,483
5,448
5,424
5,344

33,921
34,058
34,126
34,185
34,246

3,222
3,216
3,238
3,253
3,218
3,188
3,165
3,148
3,144

5,243
5,231
5,282
5,281
5,352

13,468
13,468
13,482
13,486
13,561

162,241
160,490
164,094
160,500
164,676

Oct.

48,806
48,766
48,735
49,023

34,355
34,343
34,418
34,459

8,654
8,628
8,476
8,590

3,118
3,074
3,087
3,192

153
153
153
153

171
174
173
174

19
20
20
20

2,214
2,253
2,288
2,309

122
121
120
126

548
69
105
55

2,640
2,875
2,623
2,233

5,385
5,478
5,573
5,632

13,589
13,569
13,540
13,577

162,229
163,804
163,263
162,359

Nov.

49,251
49,594
49,765
50,011

34,535
34,572
34,607
34,712

8,713
8,924
9,002
9,080

3,216
3,291
3,351
3,344

153
151
156
158

174
175
175
175

20
23
21
21

2,317
2,330
2,327
2,401

123
128
126
120

167
165
290
212

2,583
2,621
2,490
2,836

5,662
5,624
5,572
5,497

13,612
13,595
13,592
13,627

163,590
165,587
169,242
168,379

Dec.

From
F.R.
Banks

ac-

and

Date

1962

Digitized for FRASER


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

247

43 [

10
17
24
31

14
21
28

14
21
28

11
18
25

9
16
23
30

13
20
27

11
18
25

8
15
22
29

12
19
26

10
17
24
31

14
21
28

5
12
19
26

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans and
investments

Date

Total

Total
adjusted

Loans
Total

Adjusted

For purchasing or carrying


securities

Net

Commercial

Agri-

and
industrial

eultural

To brokers
and dealers

i!

To
others

To nonbank
financial
institutions

To comni
bank
-

Personal

and
U.S.
sales
U.S.
Govt. Other Govt. Other
fi- Other
secu- secu- secu- secu- nance
rities rities rities rities cos.

Real
estate

Do

]For*eign

mes-

tic

All
other

Memo:
valuation
reserves

etc.

1963

131,094
128,641
129,012
127,482
127,391

82,947
80,842
80,801
79,536
79,457

85,074
82,581
82,727
80,778
81,350

35,351
34,937
34,612
34,291
34,295

1,562 1,569 2,801


1,552 1,087 2,481
1,544 1,453 2,682
1,540
837 12,532
1,527
537 2,531

113
109
112
98
95

1,413
1,383
1,381
1,378
1,387

4,563
3,881
3,660
3,495
3,694

2,834 15,519 2,127


2,792 i 15.520 1,739
2,785 15;565 1.926
2,788 : 15,585 IL242
2,740 15,626 1,893

669
651
645
645
651

18,454
18,351
18,275
18,262
18,290

Feb.

6 129,454 127,662
13 129,584 127,409
20 129,407 127,738
27 130,534 128,344

79,690
79,784
79,890
80,672

81,482
81,959
81,559
82,862

34,388
34,389
34,534
34,564

1,521
753
1,524
706
1,521
689
1 , 508 1,249

2,507
2,579
2,554
2,607

99
95
92
91

1,400
1,381
1,384
1,385

3,706
3,751
3,729
3,807

2,735
2,726
2,715
2,704

15.641
15^688
15.748
15,768

630
633
615
647

18,230 1,920
IB, 235 1,923
18,232 ' 1,923
18,269 1,927

Mar.

6 129,858 128,158
13 130,504 128,491
20 131,161 129,106
27 131,557 129,556

80,991
81,142
81,591
81,406

82,691
83,155
83,646
83,407

34,638
34,746
35,289
35,208

1,510 1,566
1,502 1,558
1,504
902
1,510
759

,584
,532
,637
,617

102
104
99
100

1,404
1,405
1,425
1,423

3,700
3,762
4.117
!4; 050

2,685
2,704
2,724
2,740

15,784 ,700
15,827 2,013
15,872 2.055
15,921 2^001

663
644
639
637

18,286 i 1,932
18,290 1,932
18,312 1,929
18,372 1,931

Apr,

3 130,729 128,815
10 130,209 128,555
17 131,583 129,787
24 130,612 129,154

81,130
81,230
81,522
81,219

83,044
82,884
83,318
82,677

35,236
35,234
35,218
34,996

,512
,527
,538
,548

,632
,637
,655
,630

92 1,432 3,964
92 1,435 3,850
103 1,443 3,809
99 1,452 3,711

2,693
2,704
2,734
2,760

15,944
16,026
16,093
16,185

1,914
1,654
1.796
1,458

674
694
680
681

18,367
18,431
18,559
18,528

1,937
1,935
1,932
1,935

Jan.

May

2 133,221
130,380
130,938
128,724
129,284

9
16
23
30

521
535
622
564

1,792
2,175
1,669
2,190
!

1,901
1,902
1,913
1,915
1,916

1 133,015
131,491
132,329
131,969
131,565

130,890
129,777
130,716
130,540
129,843

82,961
82,285
82,963
82,755
82,280

B5,086
83,999
84,576
84,184
84,002

35,297
35,192
35,393
35,227
35,028

,540 1,036 3,064


,538
840 2,836
,548 \ 747 3,063
,555
634 3,160
,560
294 3,070

85
77
77
75
75

1,459
1,469
1,475
1,488
1,492

3,983
3,819
3,918
3,770
3,754

2,762
2,769
2,796
2,800
2,869

16,237
16.310
16,421
16.502
16;537

2,125
1,714
1,613
1,429
1,722

684
679
694
707
702

18,751
18,694
18,765
18,769
18,833

1,937
1.938
1,934
1,932
1,934

16,566 ,996
16,645 1,921
16,703 1,284
16,771 1,437

707
714
761
728

18,904
18,928
18,960
19,055

1,938
1,938
1,938
1,939

8
15
22
29

June

5
12
19
26

131,641
131,882
133,219
134,553

129,645
129,961
131,935
133,116

82,388
82,686
84,167
84,693

84,384
84,607
85,451
86,130

34,922
34,994
35,449
35,559

,548
,549
,550
,533

323
376
594
645

3,080
3,111
3,309
3,423

81
77
76
104

1,489
1,494
1,498
1,522

3,840
3,805
4,192
4,218

2,866
2,931
3,013
3,074

July

3
10
17
24
31

133,668
133,954
133,801
132,241
133,926

132,302
132,012
131,924
130,874
131,985

84,311
83,945
83,840
83,253
84,384

85,677
85,887
85,717
84,620
86,325

35,391
35,291
35,261
34,947
35,014

,539
,480
,394
,408
,414

408
483
513
268
509

3,351
3,156
3,088
2,996
3,122

79
76
76
76
SI

1,521
1,522
1,524
1,620
1,616

4,219
4,081
3,996
3,840
4,349

3,087 | 16,829 1,366


3,116 ! 16,872 1,942
3,176 16,908 |1".877
3.212 16,978 1,367
3,275 17,030 ,941

19,096
i 19,069
762 19,095
749 19,110
770 19,158

1,951
1,951
1,953
1,951
1,954

Aug.

7 132,976 131,347
14 133,375 131,255
21 132,906 131,440
28 133,128 131,126

84,191
84,467
84,632
84,502

85,820
86,587
86,098
86,504

35,159
35,198
35,264
35,204

,390
,395
,408
,420

358
364
367
291

3,124
3,104
3,063
3,040

85
87
86
87

1,604
1,617
1,622
1,626

4,159
4,206
4,241
4,126

3,243 i 17,083 ' 1,629


3,293 17,153 2,120
3,302 17,203 i ,466
3,321 17,269 2,002

770
774
777
764

19,169
19,232
19,255
19,310

1,953
1,956
1,956
1,956

Sept,

4
11
18
25

132,365
132,599
134,548
134,264

85,228
85,613
87,345
87,063

87,439
87,686
89,461
88,615

35,348
35,498
35,864
35,944

,414
678 3,146
,419
969 3,087
,444 1,420 3,333
,465 1,246 3,284

87 1,629 4,171 3.303


83 1,630 4,065 3", 315
84 ,656 4,512 3,380
86 ,655 4,243 3,44S

17,223
17,290
17,359
17,409

2.211
2^073
2,116
1,552

775
792
785
801

19,412
19,424
19,468
19,443

1,958
1,959
1,960
1,961

Oct.

2 136,864 134,984
9 135,528 133,423
16 135,695 134,115
23 135,398 133,183
30 135,894 133,754

87,366
86,193
86,827
86,188
86,598

89,246
88,298
88,407
88,403
88,738

36,145
36,121
36,282
36,310
36,296

,477 1,152 3,319


,499
497 3,176
,521
745 3,244
,540
368 3,083
,554
452 3,183

85
85
83

Nov.

6 137,379 134,924
13 136,929 134,670
20 137,505 135,328
27 137,808 135,298

87,612
87,869
88,193
88,578

90,067
90,128
90,370
91,088

36,862
37,108
37,198
37,254

,550
,575
,587
,585

483
513
441
436

88,513
89,059
90,932
91,035
92,901

90,877
91,326
93,110
93,276
93,694

37,326 ,594
37,476 ,607
37,999 1,618
37,858 1,634
38,793 1,569

301
533
726
494
532

Dec.

134,576
134,672
136,664
135,816

4 138,061
139,016
141,090
141,172
142,098

11
18
25
3U

!i

135,697
136,749
138,912
138,931
141,305

750

,673
,666
,680
89 | ,681
87 ,685

4,262
3,895
3,820
3,664
3,759

3,469
3,465
! 3,489
3,474
3,484 '

17,455
17,485
17,570
17,612
17,651

! 1,880
2,105
1,580
: 2,215
! 2,140

803
827
833
823

19,487
19,438
19,521
19,501
838 i 19,565

1,961
1,961
1,961
1,957
1,956

3,248
3,351
3,484
3,614

85
87
90
90

,701
,707
,718
,712

3,888
3,665
3,656
3,667

3,559
3,538
3,550
3,559

17,674
17,757
17.811
17,846

' 2,455 I
^259
2.177 i
2,510

836
834
847
880

19,689
19,702
19,774
19,899

1,963
1,968
1,963
1,964

3,517
3,527
3,812
3,908
4,222

87
82
103
101
140

,725
,730
,733
,738
,727

3,711
3,744
4,342
4,578
4,901

3,S46
3,557
3,557
' 3,567
3,694

17,855
17,879
17,915
17,921
17,880

2,364
2,267 j
2,178
2,241
793

941
958

902 ! 19,911
19,945
20,114
978 I 20,200
995 20,452

1,962
1,962
1,945
1,942
2,004

Tuesday.

Digitized for FRASER


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

742

248

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Balances with

Investments
Cash
items

U.S. Government securities


Notes and bonds maturing
Total

Bills

Certificates

Within
lyear

5 years

Ito

After
5 years

in

Currency

of

coin

process
Other
securities

collection

and

Re-

serves
with
F.R.
Banks

Do-

mestic
banks

Foreign
banks

Other
assets

Total
assets

Date

1963

32,369
31,961
32,409
32,116
31,986

5,487
5,164
5,651
5,353
5,205

2,368
2,363
2,360
2,348
2,358

3,996
3,988
3,929
3,961
3,958

14,330
14,286
14,299
14,297
14,277

6,188
6,160
6,170
6,157
6,188

15,778
15,838
15,802
15,830
15,948

17,196
14,030
15,513
12,546
12,455

,816
,761
,665
,687
,659

12,838
12,456
12,481
12,701
12,398

3,761
3,006
3,137
2,898
2,853

181
163
184
173
168

4,972
4,831
4,831
4,817
4,925

173,985
166,627
168,749
163,546
163,742

Jan.

32,050
31,735
31,716
31,446

5,231
5,005
5,029
4,829

2,370
2,338
2,455
2,525

4,067
4,068
3,485
3,629

14,202
14,215
13,789
13,401

6,180
6,109
6,958
7,062

15,922
15,890
16,132
16,226

12,295
14,724
12,701
13,576

,522
,666
,636
,665

12,740
12,196
12,741
12,385

2,908
3,068
2,933
2,971

161
182
199
207

5,000
5,056
4,804
4,904

164,080
166,476
164,421
166,242

Feb.

30,940
30,722
30,912
31,399

4,464
4,256
4,508
4,988

2,576
2,586
,771
,753

3,599
3,622
2,578
2,593

13,296
13,282
14,340
14,343

7,005
6,976
7,715
7,722

16,227
16,627
16,603
16,751

13,030
13,844
13,425
12,082

,503
,629
,615
,663

12,396
12,356
12,404
12,352

3,062
3,205
3,152
2,940

198
197
171
174

4,958
4,880
4,845
4,912

165,005
166,615
166,773
165,680

Mar.

30,857
30,348
30,946
30,597

4,724
4,200
4,773
4,409

,750
,794
,808
,807

2,507
2,495
2,489
2,456

14,222
14,230
14,226
14,216

7,654
7,629
7,650
7,709

16,828
16,977
17,319
17,338

13,133
12,912
14,377
12,280

,533
,618
,691
,679

12,381
12,154
12,188
12,704

3,103
2,952
3,209
2,906

190
171
193
184

4,919
4,886
5,028
5,058

165,988
164,902
168,269
165,423

Apr.

30,689
30,277
30,481
30,225
29,966

4,537
4,156
4,342
4,220
4,145

,841
,857
,754
,779
,774

2,441
2,444
2,381
2,378
2,390

14,168
14,203
14,618
14,602
14,530

7,702
7,617
7,386
7,246
7,127

17,240
17,215
17,272
17,560
17,597

15,102
12,756
16,190
13,073
13,743

,554
,567
,628
,648
,618

12,919
12,631
12,633
12,774
12,151

3,361
2,943
3,256
2,977
2,931

194
200
199
207
210

5,126
5,076
5,020
4,952
5,074

171,271
166,664
171,255
167,600
167,292

May

29,660
29,566
29,791
30,377

3,929
3,876
4,068
4,223

,773
,769
1,761
1,757

2,413
2,437
2,472
2,462

14,491
14,512
14,494
14,524

7,054
6,972
6,996
7,411

17,597
17,709
17,977
18,046

13,574
14,782
14,196
13,374

,525
,701
,670
,746

12,615
12,581
13,138
12,694

3,002
3,157
3,167
3,048

208
231
219
214

5,150
5,067
5,032
5,091

167,715
169,401
170,641
170,720

June

29,789
29,914
29,736
29,214
29,099

3,767
4,027
4,020
3,637
3,372

1,769
1,749
1,746
1,712
1,833

2,489
2,508
2,488
2,502
2,546

14,402
14,363
14,290
14,235
14,257

7,362
7,267
7,192
7,128
7,091

18,202
18,153
18,348
18,407
18,502

15,370
13,805
14,933
12,590
13,743

,475
,715
1,668
1,716
1,634

13,268
12,052
12,461
11,835
12,927

3,133
3,006
3,133
3,234
3,063

217
237
211
216
209

5,057
5,097
5,186
5,239
5,330

172,188
169,866
171,393
167,071
170,832

July

28,346
28,118
27,957
27,683

1,836
1,846
1,481
1,495

2,638
2,655
3,480
3,509

14,245
14,207
14,533
14,484

6,895
6,841
5,828
5,73i

18,810
18,670
18,851
18,941

12,169
14,499
13,145
12,015

1,595
1,691
1,689
1,759

12,944
11,966
12,624
12,066

2,874
3,040
2,926
2,874

205
214
207
217

5,371
5,327
5,059
5,115

1,479
1,439
1,097

963

3,517
3,409
2,950
2,881

14,517
14,418
13,447
13,466

5,720
5,709
7,244
1,321

19,071
19,123
19,184
19,135

13,950
14,518
15,411
13,734

1,632
1,770
1,732
1,765

12,377
12,160
12,430
12,567

3,225
3,286
3,172
3,063

207
210
218
206

5,146
5,191
5,124
5,155

168,134
170,112
168,556
167,174
171,113
171,807
174,751
172,306

Aug.

28,066
27,863
28,019
28,066

2,732
2,569
2,635
2,464
2,833
2,888
3,281
3,435

28,367
28,086
28,035
27,794
27,990

4,005
3,821
3,843
3,701
3,904

962
957
942
942
936

2,768
2,763
2,768
2,768
2,853

13,325
13,313
13,260
13,225
13,219

7,307
7,232
7,222
7,158
7,078

14,853
13,291
16,105
13,154
13,310

1,660
1,688
1,699
1,754
1,814

12,816
12,401
12,464
12,221
12,595

3,190
2,948
3,153
2,864
2,850

231
239
231
250
258

5,207
5,220
5,242
5,146
5,237

174,821
171,315
174,589
170,787
171,958

Oct.

28,242
27,930
28,180
27,926

4,261
4,089
3,953
3,758

932
913
832
840

2,878
2,871
2,881
2,867

13,183
13,165
14,014
14,036

6,988
6,892
6,500
6,425

19,251
19,144
19,253
19,201
19,166
19,070
18,871
18,955
18,794

14,779
15,157
14,455
15,538

1,657
1,833
1,772
1,753

12,601
11,977
12,577
12,307

3,046
3,248
3,028
3,190

269
266
278
290

5,234
5,336
5,282
5,347

174,965
174,746
174,897
176,233

Nov.

28,393
28,485
28,577
28,576
29,018

4,263
4,377
4,497
4,581
5,027

842
845
844
849
864

2,899
2,885
2,866
2,869
2,889

14,028
14,066
14,335
14,298
14,260

6,361
6,312
6,035
5,979
5,978

18,791
19,205
19,403
19,320
19,386

15,006
14,860
15,052
14,838
18,615

1,773
2,008
1,993
1,915
1,995

12,548
12,099
13,096
12,925
12,803

3,130
3,035
3,151
3,187
3,671

284
274
296
310
274

5,277
5,242
5,239
5,315
5,538

176,079
176,534
179,917
179,662
184,994

Dec.

Digitized for FRASER


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

249

Sept.

9
16
23
30

13
20
27

13
20
27

10
17
24

8
15
22
29

12
19
26

10
17
24
31

14
21
28

11
18
25

9
16
23
30

13
20
27

11
18
25
3P

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions

Date

Total
demand
and
time
deposits

Adjusted

Total
Unadjusted

Individuals,
partnerships.
and corps.

States
and political subdi visions

Demand deposits
i
Domestic banks
U.S.
1
Government
ComMutual
' merciat
savings

For sign

=_

Governments,
etc.

___; ^ Certified
and
officers*
checks

Commcrcial
hanks

1963
Jnn.

2
9
16
23
30

152,495
145,280
147,033
142,086
142,022

65,843
64,787
65,447
64,401
64,495

102,109
94,677
96,160
90,951
90,720

71,531
68,378
70,075
67,052
66,791

5,125
4,749
4,939
4,866
5,054

4,749 ';
2,916
2,682 ||1
2,566 I
2,760

14,321
12,944
12,518
11,438 1
11,010

620
683
661
556
540

659
643
615
680
696

,190
,061
,146
,085
,020

3,914
3,303
3.524
2. 708
2,849

Feb.

6
13
20
27

142,126
144,111
142,237
143,712

63,135
62,593
61,958
62,654

90,586
92,448
90,328
91,562

65,492
67,344
64,776
65,834

5,070
4,935
5,132
5,329

3,326
3,354
4,532
4,254

11.830
11,777
11,137
11,078

385
548
568
333

631
60S
584
608

,028
,021
,057
,040

2,624
2,861
2,542
2,886

Mar,

6
13
20
27

142,644
144,119
144,307
143,446

61,701
63,232
61,936
62,312

90,082
91,181
91,336
90,259

64,477
67,074
65,207
64,608

5,238
4,737
4,779
4,916

3,363 |
2,523
4,275
5,034

11,988
11,582
11,700
10,831

562
540
541
521

613
570
655
700

,026
,063
,098
,012

2,815
3.092
3.081
2,637

Apr.

3
10
17
24

144, U8
142,962
146,256
142,722

61,811
63,139
64,393
63,529

90,700
89,439
92,831
89,072

65,005
65.970
68,586
65,806

4,772
4,652
5,056
5,050

3,684
1,843
1,991
2,389

12.072
11 ".545
12.070
to;874

596
593
563
532

632
584
602
715

,044 i
,090
,074
,043

2,895
3,162
2\ 889
2,663

May

1
8
15
22
29

148,923
144,163
148,507
144,892
144,714

63,699
61,888
61,006
61,245
61,143

95,172
90,137
94,266
90,477
90,176

67,004
63,914
66, 197
63,761
64,260

5,993
5,376
5,364
5,367
5,399

4,957
4,191
5,204
5,481
4,537

11,414
11.302
11.866
IO;67S
10,753

546
578
539
517
512

644
673
658
579
545

,047
,100
,090
,093 i
,090

3,567
3,003
3,348
3,002
3,080

June

5
12
19
26

144,910
146,706
148,061
148,336

61,452
62,785
62,191
62,010

90,353
92,014
93,460
93,481

64,401
67,442
66,389
65,147

5,280
4,834 ,
4,684
4,905

3,870
2,825
5,587
7,144

11.457
if, 622
11.486
10,952

562
561
545
521 ,

557
544
593
603

,083
,093
,133
,090

3,143
3,093
3.043
3,118

July

3
10
17
24
31

150,108
147,623
148,985
145,836
148,399

60,954
61,692
62,526
62,883
63,281

95,198
92,537
93,868
90,500
92,818

65,724
65,501
67,401 ;
65,474
66,795

4,992
4,705
4,716
4,731
4,968

6,879
5,154 1
4,648
3,790
4,920

11.995
11,886
11,761
11,237
10",874

649
621
572
516
520

559
564
566
697
655

,161
,101
,126
,187
,133

3,239
3,005
3,078
2,86B
2,953

Aug.

7
14
21
28

144,801
146,991
145,799
144,338

61,833
61,249
60,828
61,528

89,076
91,064
89,657
80,012

64,342
66,047
64,302
64,024

4,919
4.662
4.611
4,715

3,579
3,788
4,558
3,759

11,495
11,528
11.126
10,710

567
519
501
488

574
575
602
566

,070
,110
,114
,116

2,530
2,835
2,843
2,634

Sept.

4
11
IB
25

148,065
148,386
151,309
149,433

61,547
62,717
63,190
61,609

91,673
91,780
94,994
92,967

65,551
67,586
68,697
65,640

4,899
4,478
4,405
4,427

4,047 '
2,340
4,160 i
6,310

12,129
12,205
12,233
11,314

541
539
530
500

590
542
520
534

,100
,118
,108
,115

2,816
2,972
3,341
3,127

Oct.

2
9
16
23
30

151,948
148,193
151,573
146,989
148,428

61,885
61,752
62,749
63,041
63,809

95,237
91,333
94,631
89,731
90,875

66,320
65,605
68,895
66,837
67,322

4,902
4,433
4,454
4,458
4,762

6,229 )
4,069
3,001
2,139
2,304

12.270
12,221
12.776
lf,397 j
11,452

594
596
601
536
552

579
540
533
627
646

,126
,077
1,107
1,103
1,105

3,217
2,792
3,264
2,639
2,732

Nov.

6
13
20
27

151,016
150,637
150,655
151,722

63,126
63,515
63,137
63,950

93,488
93,130
92,874
93,771

67,100
68,734
67,241
69,001

5,231
4,778
4,955
5,060

2,810
1,914
3,342
2,714

12,773
12,544 j
11,940
11,569 !

602
565
544 i
517

598
600
633
627

Dec.

4
11
IB
25
31'

152,334
152,403
156,017
155,886
163,562

63,527
65,412
66,609
66,077
67,844

94,207
94,095
97,800
97,506
104,335

67,802
69,847
71,056
70,556
74,513

5.051
4; 765
4,776
4,844
5,338

3,160
1,867
3,646 |]
4,735 1
4,556

12,514 J
11,956 |l
12,493
11,856
13,320

549
513
493
504
596

612
639
685
696
726

Tuesday.

Digitized for FRASER


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

250

,109
,084
,093 i
,141
,158
,197
,185
,237
1,293

3,265
2,911
3,026
3,142
3,361
3,311
3,466
3,078
3,993

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Total

Borrowings

Foreign
Individuals, part- States
Domestic
and
nerships, and corinterbank
U.S.
political Governporations
subdivi- ment
Govern- ComComMutual ments, mercial
sions
mercial savings
etc.
banks
Savings Other

From
F.R.
Banks

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Date

1963
50,386
50,603
50,873
51,135
51,302

34,920
34,993
35,042
35,106
35,143

9,221
9,265
9,384
9,463
9,542

3,410
3,475
3,537
3,595
3,622

159
162
171
161
162

172
172
172
176
175

21
22
22
23
23

2,370
2,383
2,425
2,491
2,516

113
131
120
120
119

75
54
76
595
107

2,566
2,453
2,607
1,799
2 ; 398

5,219
5,208
5,417
5,445
5,558

13,630
13,632
13,616
13,621
13,657

173,985
166,627
168,749
163,546
163,742

Jan.

2
9
16
23
30

51,540
51,663
51,909
52,150

35,267
35,328
35,384
35,426

9,623
9,676
9,807
9,928

3,649
3,628
3,661
3,668

158
156
157
158

175
174
173
173

24
24
23
26

2,536
2,567
2,592
2,647

108
110
112
124

190
145
362
65

2,432
2,763
2,356
2,885

5,627
5,763
5,776
5,859

13,705
13,694
13,690
13,721

164,080
166,476
164,421
166,242

Feb.

6
13
20
27

55,562
52,938
52,971
53,187

35,562
35,657
35,751
35,874

10,159
10,363
10,328
10,372

3,704
3,783
3,797
3,824

159
159
156
156

177
187
196
184

28
30
31
33

2,671
2,647
2,607
2,640

102
112
105
104

130
29
96
165

2,597
2,898
3,020
2,770

5,886
5,830
5,637
5,562

13,748
13,739
13,713
13,737

165,005
166,615
167,773
165,680

Mar. 6
13
20
27

53,418
53,523
53,425
53 , 650

35,956
35,929
35,785
35,801

10,447
10,529
10,470
10,601

3,839
3,856
3,961
4,006

156
156
154
159

198
207
211
209

32
32
32
31

2,685
2,698
2,701
2,730

105
116
111
113

48
269
33
798

2,563
2,409
2,559
2,359

5,462
5,442
5,636
5,759

13,797
13,820
13,785
13,785

165,988
164,902
168,269
165,423

Apr.

3
10
17
24

53,751
54,026
54,241
54,415
54,538

35,822
35,909
35,952
36,014
36,048

10,679
10,854
11,036
11,133
11,175

4,019
4,052
4,027
4,039
4,076

163
157
166
158
160

205
206
194
191
190

29
30
32
33
32

2,732
2,712
2,721
2,728
2,745

102
106
113
119
112

75
332
565
732
79

2,671
2,551
2,481
2,293
2,662

5,737
5,738
5,833
5,817
5,926

13,865
13,880
13,869
13,866
13,911

171,271
166,664
171,255
167,600
167,292

May

1
8
15
22
29

54,557
54,692
54,601
54,856

36,126
36,181
36,220
36,355

11,160
11,275
11,206
11,269

4,035
4,001
3,928
3,966

148
148
148
147

198
196
197
195

33
32
31
30

2,738
2,746
2,767
2,791

119
113
104
103

133
170
716
568

2,852
2,694
2,079
2,250

5,896
5,917
5,891
5,623

13,924
13,914
13,894
13,943

167,715
169,401
170,641
170,720

June

5
12
19
26

54,910
55,086
55,117
55,336
55,581

36,518
36,621
36,660
36,700
36,741

11,234
11,314
11,358
1 1 , 549
11,691

3,883
3,866
3,800
3,816
3,837

148
156
159
154
155

196
185
190
188
189

31
32
32
32
34

2,797
2,808
2,822
2,800
2,835

103
104
96
97
99

537
82
241
21
260

2,147
2,717
2,592
1,551
2,434

5,439
5,487
5,643
5,732
5,734

13,957
13,957
13,932
13,931
14,005

172,188
169,866
171,393
167,071
170,832

July

3
10
17
24
31

55,725
55,927
56,142
56,326

36,821
36,850
36,887
36,896

11,756
11,876
12,064
12,181

3,803
3,831
3,837
3,894

152
153
148
146

190
191
192
192

34
34
34
33

2,862
2,888
2,872
2,881

107
104
108
103

924
90
531
258

2,540
3,096
2,392
2,678

5,844
5,920
5,817
5,859

14,025
14,015
14,017
14,041

168,134
170,112
168,556
167,174

Aug. 7
14
21
28

56,392
56,606
56,315
56,466

36,949
36,996
37,055
37,147

12,153
12,285
11,913
11,951

3,902
3,915
3,911
3,933

146
150
149
155

192
192
192
191

33
31
32
32

2,906
2,925
2,953
2,945

111
112

no
112

119
290
297
430

2,949
3,017
3,031
2,290

5,908
6,029
6,033
6,046

14,072
14,085
14,081
14,107

171,113
171,807
174,751
172,306

Sept. 4
11
18
25

56,711
56,860
56,942
57,258
57,553

37,342
37,425
37,465
37,503
37,534

12,013
12,062
12,107
12,384
12,639

3,917
3,914
3,913
3,897
3,915

145
145
143
145
144

189
188
191
195
195

32
30
31
32
31

2,954
2,977
2,978
2,986
2,981

119
119
114
116
114

421
160
338
236
115

2,547
2,937
2,549
3,407
3,267

5,741
5,848
5,951
5,960
5,883

14,164
14,177
14,178
14,195
14,265

174,821
171,315
174,589
170,787
171,958

Oct.

57,528
57,507
57,781
57,951

37,606
37,630
37,689
37,699

12,544
12,491
12,640
12,796

3,901
3,891
3,928
3,942

145
147
147
150

195
194
197
196

30
29
28
28

2,991
3,011
3,037
3,025

116
114
115
115

192
51
361
482

3,557
3,580
3,393
3,524

5,881
6,167
6,212
6,205

14,319
14,311
14,276
14,300

174,965
174,746
174,897
176,233

Nov. 6
13
20
27

58,127
58,308
58,217
58,380
59,227

37,729
37,740
37,765
37,707
38,083

12,883
13,028
12,794
12,834
13,310

3,994
4,054
4,140
4,188
4,237

150
153
161
167
176

191
195
196
197
197

28
28
28
28
36

3,038
2,993
3,017
3,064
3,072

114
117
116
115
116

47
219
244
187
16

3,151
3,467
3,271
3,310
1,181

6,187
6,087
6,065
5,921
5,666

14,360
14,358
14,320
14,358
14,569

176,079
176,534
179,917
179,662
184,994

Dec.

Digitized for FRASER


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

251

2
9
16
23
30

4
11
18
25
31'

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions
Loans
Loans and
investments

Total

Date

Total

Total
adjusted

Adjusted

Net

For purchasing or carrying To nonbank


securities
financial
-. . _=_ ~. . ._ _ _= institutions

[!
Commerctal

and
industrial

To etimmercKil
banks

- =
Personal
Real
riand
estate
eulsales
U.S.
tural U.S.
Govt. Other Govt. Other fi- Other ,1
secu- secu- secu- seeu- nanee
I
rities rities rities rities cos.
1 etc.
Ag-

1964

=__--_..:

,.,.,

..--

To
others

To brokers
and dealers

Domestic

Forei<$n

Memo:
valuation
reserves

All
other

:'

13.603
'3,595
3,553
3,551

17,889
17,944
17,983
17,991

i
J2,039 '
''2,269
1,994
1,896 'i

637
930
783
583

3,334
103 1,741 3,908 3,537
3,374 | 97 1,741 3,876 3,512
3,312
95 1,736 3,947 3,49?
3,279
97 1,736 4,033 13,478

18,021
IB,OBI
18,127
18,161

2,069
1,637
1.868
1,694

1,011 1 20,422
1,011 ' 20,420
1,015 20,441
1,000 20,457

,044
,047
,04H
,052

,482
,484
,493
,493

489
553
759
573

3,366
3,399
3,569
3,469

96 1,768 4.113 (3,447


98 .11,773 ,4,203 3,444
97 f 1,775 (4,650 3,455
97 1,775 4,438 3,449

18,163
18,217
18,280
18,341

1,706
1,651
1,852
2,250

1,004
1,058
1,051
1,063

20,500
20,486
20,518
20,541

,050
,054
,057
,060

38,308
37,964
38,252
38,015
38,057

,496
,492
,494
,501
,510

343
561
593
432
434

3,796
3,706
3,732
3,679
3,613

109
103
102
100
101

1,785
1,806
;i,810
'1,796
1,804

4,640
4.159
4,369
"4,146
4,310

3,539
3,506
3,549
3,525
3,571

18,366
18,393
18,461
18,488
18,520

2,771
2,221
,T,854
'2,404
2,178

1,071
1,088
1,112
,123
,124

20,601
20,620
20,771
20,841
21,217

,052
,053
2,054
2,054
2,053

95,030
95,264
95,210
95,554

38,307
38,394
38,416
38,320

,517
,523
,538
,545

615
615
634
534

3,637
3,574
3,723
3,783

95
93
95
96

1,808
1,831
1 , 837
1,838

4,367
'4,322
4,378
4,321

3,564
3,562
J3,578
3,584

2,234
2,378
i 1,935
2,396

,110
,105
,101
,117

21,308 2,062
21,325 2,064
21,373 j 2,056
21,384 | 2,056

3,821
3,780
3,996
3,935

95
94
92
94

1,850
jl.851
1,852
1,859

4.409
4,333
5,051
4,509

3,604
3,641
3,732
3,811

18,706
18,764
18,836
18,875

1,853
2,060
2,134
2,196

,121
J3t
,159
,198

21,488
21,538
21,611
21,707

2,059
2,058
2.057
2,056

21,829
21,821
21,850
21,781
21,832

2,059
2,059
2,062
2.060
2,060

Jan.

8 140,855
15 140,965
22 138,808
29 137,764

138,816
138,696
13(5,814
135,868

90,819
90,937
89,741
89,122

92,858
93,206
91,735
91,018

37,818
37,641
37,424
37,195

115 1,729
779 3,827
,561
,559 1,114 3,928 , 121 1,723
984 3,516
117 1,720
,551
642 3,453
108 j 1,726
S 531

Feb.

5 138,397 136,328
12 138,479 136,842
19 138,855 136,987
26 138,541 136,847

89,504
89,887
90,052
89,875

91,573
91,524
91,920
91,569

37,314
37,368
37,619
37,590

,520
,524
,528
,513

Mar.

4 139,454 137,748
11 139,240 137,589
18 141,160 139,308
25 141,158 13S,908

89,977
90,168
91,727
91,351

91,683
91,819
93,579
93,601

37,599
37,507
38,137
38,172

Apr.

1 141,144
8 141,065
15 141,142
22 140,405
29 140,858

138,373
138,844
139,288
138,001
138,680

92,002
91,345
92,191
91,592
92,208

94,773
93,566
94,045
93,996
94,386

May

6 141,284 139,050
13 141,266 138,888
20 141,120 139,185
27 141,421 139,025

92,796
92,886
93,275
93,158

4.308
4,187
3,794
: 3,788

l!

18,530
18,606
1S,65S
18,692

993 . 20,242 2,045


970 20,203 i 2,048
973 20,173 2,047
982 i 20,197 2,042

June

3
10
17
24

141,644
142,113
144,147
143,369

139,791
140,053
142,013
141,173

93,658
93,852
95,573
94,969

95,511
95,912
97,707
97,165

38,243
38,234
38,885
38,748

,548
,555
,563
,570

832
989
853
719

July

1
8
15
22
29

145,125
143,361
143,883
142,810
142,895

142,720
141,597
140,987
140,327
140,332

96,022
95,194
95,336
94,899
94,568

98,427
96,958
98,232
97,382
97,131

38,785
38,568
38,687
38,526
38,498

,567
,570
,584
,595
,588

1,082
1,161
1,461
1,088

775 4,195
3,836
3,680
3,409
3,355

68
70
72
66
70

1,865
1,867
1,862
1.875
1,871

4,990
4,417
4,407
4,069
4,106

3,897
3,913
3,931
3,960
3,958

18,936
18,970
19,037
19,086
19,120

2,405 1 : ,174 i
1,764
,139
2,896
,127
2,483 \ ,131
12,563 1
,142 '

Aug.

5 143,676 141,660
12 143,584 141,237
19 144,408 142,192
26 143,688 141,389

95,374
95,177
95,666
94,962

97,390
97,524
97,882
97,261

38,700
38,874
38,915
38,902

1,557 1,181 3,381


919 3,337
1 , 546
1,550 1,118 3,324
686 3,303
1,542

87
71
74
69

1,866
1,867
1,916
1,909

4,476
4,322
4,448
j4,278

3,968
,3,995
4,068
3,965

19,157
19,227
19,276
19,292

2,016
2,347
2,216
2,299

,182
, 190
,150
,178

21,877
21,882
21,920
21,933

2,058
2,053
2,093
2,095

Sept.

2
9
16
23
30

142,946
141,918
145,042
144,564
145,878

96,015
95,108
97,685
97,242
97,784

98,282
97,713
99,902
98,811
99,715

39,091 ,546
39,031 ,545
39,802 ,561
39,711 1 , 569
39,953 1,578

67
64
63
60
81

: 1,902
11,906
1,918
1,917
1,921

14,333
4,168
4,503
4,260
4,515

4,007 19,320 2,267


4,011 : 19,366 2,605
4,068 : 19,458 2,21?
4,055 19,509 1,569
4,043 19,533 1,931

,217
,211
,211
,215

239

22,094
22,077
22,171
22,151
22,234

2,098
2,100
2,110
2,102
2,107

Oct.

7 146,061 143,951
14 146,462 144,094
21 145,436 143,734
28 146,472 144,363

96,498
96,753
96,727
96,545

98, 60S
99,121
98,429
98,654

39,743 ,591
39,964 1,594
39,913 1,596
39,882 1,606

69
68
70
69

1,923
1,917
1,917
1,916

4,203
4,187
4,065
4,052

4,065
4,038
3,999
3,978

19,560
19,638
19,680
19,719

2,110
2,368
1,702
2,109

,24B
,258
,251
,248

22,191
22,240
22,263
22,304

2,110
2,110
2,109
2,107

Nov.

4 148,211 145,619
11 147,101 145,016
18 148,179 145,693
25 148,979 146,250

98,021 100,613
97,694 99,779
97,998 100,484
98,019 100,748

40,192
40,295
40,651
40,548

1,617 1,099 3,516


1,629 1,000 3,320
756 3,311
1,635
954 3,179
1,633

68 1,928 4,3(6 4,045


63 jj 1,943 4,106 4,059
61 ! 1.950 4,168 4,048
64 1,948 4,103 4,023

19,741
19,789
19,842
19,886

2,592
2,085
2,486
2,729

1,248
,287
,292
1,314

22,360
22,311
22,391
22,474

2,109
2,108
2,107
2,107

146,997 98,992 101,455


146,275 98 , 374 100,888
148,993 100,796 103,617
149,449 101,012 103,162
151,010 102,227 104,912

40,999
40,914
41,668
41,668
42,119

690
1,621
468
1,623
902
1,639
909
1,607
1,591 1,114

66
65
73
66
72

4,013 j 19,909 2,463


4,027 i 19,934 2,514
4,047 j 19,948 (2,821
4,077 20,011 2,150
4,103 20,008 2,685

,353
,366
,374
,419
,560

22,918
22,881
23,059
23,158
23,320

2,104
2,102
2,090
2,083
2,080

Dec.

145,213
144,523
147,259
146,133
147,809

2 149,460
148,789
151,814
151,599
153,695

9
16
23
30

Digitized for FRASER


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

1,213 3,323
632 3,197 !
1,610 3,420
1,482 3,415
1,236 3,558

679
669
723
610

3,336
3,290
3,359
3,268

3,173
3,072
3,382
3,321
3,517

252

1.936
1,936
1,930
1,946
1,974

4,418
4,190
4,864
4,913
4,929

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with

U.S. Government securities


Notes and bonds maturing^Total

Bills

28,601
28,569
28,034
27,759

4,733
5,016
4,619
4,509

27,590
27,728
27,682
27,591

Certificates

Other
securities

Cash
items
in
process
of
collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

Within
1 year

Ito
5 years

After
5 years

868
870
876
888

2,896
2,861
2,845
2,342

14,216
14,085
13,995
13,770

5,888
5,737
5,699
6,250

19,396
19,190
19,039
18,897

15,008
16,435
14,074
13,000

1,901
1,817
1,845
1,851

12,612
12,931
12,270
12,596

2,935
3,186
2,919
2,867

292
273
274
266

5,356
5,362
5,443
5,541

178,959
180,969
175,633
173,885

Jan.

8
15
22
29

4,111
4,264
4,276
4,221

1,062
1,072
118
110

2,386
2,383
2,736
2,802

13,748
13,768
14,563
14,531

6,283
6,241
5,989
5,927

19,234
19,227
19,253
19,381

14,230
14,110
13,650
13,445

1,646
,796,779
,793

13,146
12,403
12,429
12,911

2,924
3,025
3,019
2,906

256
252
258
267

5,592
5,636
5,406
5,438

176,191
175,701
175,396
175,301

Feb.

5
12
19
26

28,197
27,865
27,910
27,802

4,938
4,729
4,861
4,837

111
111
112
111

2,868
2,855
2,872
2,856

14,403
14,306
14,279
14,229

5,877
5,864
5,786
5,769

19,574
19,556
19,671
19,755

14,060
14,074
14,632
13,135

,607
,726
,744
,779

12,408
12,646
13,221
12,343

3,098
3,016
2,996
2,830

271
246
264
267

5,509
5,564
5,481
5,560

176,407
176,512
179,498
177,072

Mar.

4
11
18
25

26,870
27,960
27,261
26,609
26,713

4,081
4,836
4,281
3,646
3,806

109
113
115
162
155

2,871
2,923
2,995
3,013
3,022

14,133
14,454
14,279
14,232
14,184

5,676
5,634
5,591
5,556
5,546

19,501
19,539
19,836
19,800
19,759

15,957
13,700
17,010
14,069
13,861

,717
,701
,779
,800
,842

13,182
12,504
13,234
11,993
12,434

3,727
2,870
3,331
2,995
2,837

255
254
245
256
266

5,674
5,677
5,662
5,693
5,714

181,656
177,771
182,403
177,211
177,812

Apr.

1
8
15
22
29

26,664
26,440
26,488
26,318

3,820
3,640
3,772
3,691

194
206

3,092
3,118
3,744
3,814

14,047
14,015
13,117
12,983

5,511
5,461
5,855
5,830

19,590
19,562
19,422
19,549

14,482
15,201
14,103
13,798

,640
,836
,778
,849

13,066
12,709
12,728
12,413

2,922
3,088
2,950
3,021

281
263
268
276

5,687
5,729
5,616
5,651

179,362
180,092
178,563
178,429

May

26,567
26,391
26,500
26,278

3,979
3,905
4,055
3,900

3,895
3,910
3,924
3,945

12,867
12,847
13,147
13,124

5,826
5,729
5,374
5,309

19,566
19,810
19,940
19,926

13,787
13,910
15,777
13,373

,674
,792
,776
,862

12,887
12,717
13,006
12,963

2,930
2,946
3,169
2,987

302
317
339
304

5,687
5 , 664
5,593
5,534

178,911
179,459
183,807
180,392

June

3
10
17
24

26,621
26,286
25,514
25,305
25,701

4,201
3,927
3,539
3,283
3,597

4,001
4,014
3,884
4,022
2,998

13,181
13,112
12,879
12,513
11,386

5,238
5,233
5,212
5,487
7,720

20,077
20,117
20,137
20,123
20,063

16,983
13,909
17,253
14,131
13,035

,715
,734
,797
,819
,850

13,233
13,242
12,953
12,286
12,814

3,286
2,965
3,300
3,052
2,839

303
299
296
281
256

5,743
5,678
5,773
5,732
5,723

186,388
181,188
185,255
180,111
179,412

July

1
8
15
22
29

26,049
25,805
26,205
25,961

4,021
3,800
3,773
3,632

3,043
3,069
3,434
3,446

11,255
11,186
11,274
11,267

7,730
7,750
7,724
7,616

20,237
20,255
20,321
20,466

14,031
14,928
14,462
13,325

,654
,822
,820
1,854

13,108
12,304
12,343
12,179

3,008
3,084
3,046
2,940

254
246
256
255

5,633
5,670
5,523
5,526

181,364
181,638
181,858
179,767

Aug.

5
12
19
26

26,392
26,147
26,577
26,594
27,207

4,208
4,042
4,568
4,634
5,252

3,460
3,504
3,520
3,586
3,620

11,221
11,141
11,105
11,076
11,072

7,503
7,460
7,384
7,298
7,263

20,539
20,663
20,780
20,728
20,887

14,144
13,827
17,317
14,260
16,488

1,750
1,820
,871
,899
,831

12,593
12,542
12,602
13,258
12,844

3,154
3,203
3,456
2,963
3,366

272
254
258
257
251

5,691
5,718
5,690
5,722
6,032

182,817
181,887
188,453
184,492
188,621

Sept.

2
9
16
23
30

26,422
26,419
26,109
26,928

4,637
4,661
4,399
5,273

3,621
3,649
3,670
3,683

U,459
11,444
11,490
11,484

6,705
6,665
6,550
6,488

21,031
20,922
20,898
20,890

14,450
17,699
14,916
14,457

,741
,930
,863
,961

13,062
12,341
13,293
13,276

3,078
3,550
3,131
3,208

227
255
261
256

5,862
5,872
5,836
5,842

184,481
188,109
184,736
185,472

Oct.

7
14
21
28

26,829
26,552
27,032
27,538

5,171
4,922
4,847
5,345

3,706
3,711
3,901
3,988

11,560
1 1 , 509
11,876
11,786

6,392
6,410
6,408
6,419

20,769
20,770
20,663
20,693

17,482
15,074
16,347
16,187

,729
,882
,878
,856

12,719
12,504
13,110
12,562

3,348
3,352
3,354
3,160

290
256
257
247

5,885
5,853
5,786
5,821

189,664
186,022
188,911
188,812

Nov.

4
11
18
25

27,256
26,941
27,241
27,340
27,679

5,153
4,991
5,285
5,374
5,700

4,010
4,030
4,034
4,020
4,038

11,784
11,733
12,049
12,047
12,048

6,309
6,187
5,873
5,899
5,893

20,749
20,960
20,956
21,097
21,104

16,188
14,633
17,501
17,393
17,427

1,938
2,078
2,070
1,990
2,131

13,081
12,375
13,355
13,668
13,161

3,285
3,093
3,472
3,398
3,449

264
264
242
298
279

5,878
6,088
5,894
5,855
5,942

190,094
187,320
194,348
194,201
196,084

Dec.

2
9
16
23
30

1964

Digitized for FRASER


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

253

6
20
27

WEEKLY REPORTING BANKS


4.1 ASSETS AND
A. MEMBER BANKS,
(In millions

Total
demand
and
time
deposits

Date

*="- '

" --=---- =---

-;"^~"

To Uil
_-_ ......,..__ = -__,

Adjusted

Unadjusted

'

" "~"

"~-

Demu nd deposits
- - - --- ---= . - , . . .

. _^, ,..,.. ,-

-=.- - -,

Individmils,
partnerships.
and corps.

States
and political subdivisions

U.S.
Government

69,437
72.209
68,843
67,605

4,889
5,095
4,919
4,926

2,972
2,097
1,546
1,545

Domestic bunks

!i

Commereial

Mutual!
savings

_
:

Foreign

Governments,
etc.

CommereiaE
banks

Certified
and
officers'
checks

1964
Jan.

676
633
545
529

661
707
770
725

1,996
2,560
4,129
3,755

12,679
12,561
11,397
10,739 'i
11,575
11,179
11,237
10,810

593
Ml
521
493

5,304
4,687
4,797
5,169

3,689
2,148
4,498
5,493

12,038
11,558
11,516
10,795

66,659
66,452
70,854
67,881
66,813

5,349
4,768
6,204
5,314
5,529

5,130
3,917
1,380
1,309
2,948

92,770
93,058
91,135
90,960

65,246
66,429
64,709
64,867

5,843
5,223
5,039
5,108

61,472
63,140
63,274
62,035

91,474
91,847
96,377
93,070

64.312
66,389
68,578
65,207

161,829
157.229
160,268
155;?12
154,675

62,664
61,959
63,359
63,314
63,674

98,717
93.897
96,787
91,943
90,754

12
19
26

156,645
156,978
156,995
155,064

62,952
62,613
61,332
62,393

2
9
16
23
30

157,812
156,662
163,123
159,426
164,198

,209
,150
,179
,141

3,375
3,777
2,969
3,014

716
735
631
583

,134
,094
,090
,091

3,314
2,974
2,993
3,195

543
530
523
494

611
626
595
673

,152
,128
,159
,181

3,072
3,139
3,137
2,872

12,192
11,638
12,024 1
10,946
10,464

586
631
588
522
524

654
603
639
652
659

,187
,149
,164
,168
,147

4,054
3,180
3,54H
2,873
3,148

4,781
4,973
5,433
5,029

11,246
11,087
10,907
10,482

586
529
524
506

631 i
604
622
602

,160
,137
,125
,191

3,277
3,076
2,776
3,175

5,300
4,980
4,790
4,849

4,997
3,706
5,665
7,043

11,218
11,091 i
11,661
10,619 I

548
521
525
502

644
613
606
607

,138
,148
,207
,224

3,317
3,399
3,345
3,019

67,206
65,317
69,337
66;884
66,397

5,405
4,778
4,829
4,716
4,897

7,286
6,192
3,887
3,298
3,604

11,784
11,837
12,288
11,200
10,441

604
645
629
550
538

680
680
HOI
770
708

,259
,226
,209
,267
,215

4,493
3,222
3,807
3,258
2,954

92,827
92,957
92,832
90,735

66,198
67,213
65,611
65,413

5,215
4,897
4,596
4,889

4,160
3,831
5,453
4,021

11,684
11,585
11,585
10,996 j

588
546
548
518

742
681
670
699

,246
,224
,206
,221

2,994
2 ,980
3,163
2,978

62,689
62,949
65,046
62,748
63,722

93,372
92,086
99,082
95,061
99,479

66,168
66,641
71,682
66,852
68,867

5,071
4,717
4,723
4,666
5,224

4,511
2,825
3,754
6,610
6,951

12,028
12,485
12,965
11,443
12,318

1
;

535
551
540
495
558

745
748
690
664
728 ;

,225
,213
,213
,222
,217

3,089
2,906
3,515
3,109
3,616

159,665
162,850
158,908
160,022

63,522
63,512
64,307
64,999

94,745
97,777
93,689
94,544

67,691
70,800
69,023
68,627

4,762
4,517
4,600
5,035

4,698
3,231
2,631
3,389

12,075
13,335
11,835 j
11,699

642
625
579
577

649
702
764
760

,232
,222
,247
,258

2,996
3,345
3,010
3,199

163,630
160,129
162,791
162,336

64,019
63,890
63,282
63,856

98,301
94,593
97,230
96,724

69,371
67,818
68,982
68,724

5,730
5,193
4,731
5,095

3,697
2,842
5,004
4,826

13,103 !
12,787 ;j
12,597
11,855 j

648
587
540
503

795 '
808
697
693

,257
, 178
,291
,250

3,700
3,380
3,388
3 , 778

163,377
160,081
167,370
167,619
169,455

64,607
64,967
68,194
66,161
68,045

97,707
94,022
101,399
101,297
102,574

69,515
68,940
74,201
72.030
73; 654

5,333
4,875
4,886
5,120
5,239

4,364
2,321
2,784
4,858
4,563

12,548 i
12,101 J
12,920
12,885
12,539

551
530
519
508
565

709
733
75H
771
765

,229
,197
,248
,398
,425

3,458
3,325
4,083
3,727
3,824

155,386
157,883
152,144
150,500

65,239
67,136
65,151
64,940

95,898
98,229
92,168
90,224

152,281
152,245
151,917
151,505

64,015
63,718
62,090
62,565

91,816
91,567
91,106
90,575

67,22S
67,605
65 , 508
65,460

5,260
4,879
4,997
5,188

153,247
152,608
155,196
153,467

62,353
63,457
63,360
62,630

92,140
91,237
94,006
92,053

65,731
67,421
67,781
65,376

157,257
154,008
157,911
152,622
153,455

62,532
63,083
65,987
64,341
63,959

95,811
92,338
96,401
90,665
91,232

13
20
27

155,135
155,564
153,924
153,955

62,261
61,797
60,692
61,651

June

3
10
17
24

154,574
155,068
159,401
156,152

July

I
8
15
22
29

Feb.

Mar,

Apr.

May

Aug.

Sept.

Oct.

Nov.

Dec.

15
22
29

12
19
26
11
IB
25

8
15
22
29

14
21
28
11
18
25

9
16
23
30

Digitized for FRASER


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

254

:
I

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Time deposits

Borrowings
Total
liabilities

Total

Individuals, part- States


Domestic
Foreign
nerships, and corU.S.
and
interbank
political Governporations
subdivi- ment
Govern- Comsions
Com- Mutual ments, mercial
Savings Other
etc.
banks
mercial savings

59,488
59,654
59,976
60,276

38,043
38,052
38,117
38,131

13,518
13,643
13,818
14,057

4,287
4,321
4,361
4,401

180
178
177
178

201
203
215
225

35
41
43
43

3,110
3,100
3,120
3,117

114
116
125
124

259
34
255
245

3,157
2,860
2,770
2,642

5,588
5,598
5,899
5,879

14,569
14,594
14,565
14,619

178,959
180,969
175,633
173,885

Jan.

60,465
60,678
60,811
60,930

38,172
38,218
38,264
38,291

14,198
14,327
14,317
14,390

4,368
4,404
4,381
4,407

175
175
172
172

231
233
232
235

41
41
43
48

3,153
3,153
3,274
3,259

127
127
128
128

323
338
28
528

2,908
2,317
2,666
2,439

6,009
6,126
6,112
6,131

14,670
14,675
14,673
14,698

176,191
175,701
175,396
175,301

Feb.

61,107
61,371
61,190
61,414

38,360
38,428
38,509
38,566

14,475
14,687
14,319
14,513

4,407
4,383
4,437
4,390

166
166
163
163

236
241
268
268

52
52
55
54

3,277
3,287
3,309
3,330

134
127
130
130

12
397
911
21

2,211
2,613
2,714
2,842

6,220
6,170
5,986
6,034

14,717
14,724
14,691
14,708

176,407
176,512
179,498
177,072

Mar.

61,446
61,670
61,510
61,957
62,223

38,704
38,672
38,483
38,459
38,437

14,418
14,625
14,508
14,757
14,950

4,381
4,369 1
4,448
4,588
4,660

162
161
158
156
156

269
267
261
264
262

55
53
48
49
54

3,328
3,391
3,468
3,539
3,560

129
132
136
145
144

223
103
716
103
276

3,470
2,917
2,841
3,279
2,884

5,926 14,780
5,947 1 14,796
6,057 14,878
6,337 14,870
6,283 14,914

181,656
177,771
182,403
177,211
177,812

Apr.

62,365
62,506
62,789
62,995

38,533
38,571
38,632
38,662

14,920
15,060
15,242
15,410

4,705
4,665
4,694
4,725

156
156
153
153

263
261
262
258

52
53
58
58

3,592
3,600
3,605
3,589

144
140
143
140

189
103
477
108

2,866
3,055
2,842
3,043

6,193
6,400
6,363
6,319

14,979
14,970
14,957
15,004

179,362
180,092
178,563
178,429

May

63,100
63,221
63,024
63,082

38,726
38,774
38,797
38,848

15,468
15,546
15,387
15,481

4,706
4,681
4,626
4,597

152
152
155
159

255
260
261
263

58
58
58
64

3,590
3,605
3,599
3,530

145
145
141
140

284
241
157
35

2,754
2,969
3,154
3,199

6,250
6,124
6,062
5,972

15,049
15,057
15,033
15,034

178,911
179,459
183,807
180,392

June

63,112
63,332
63,481
63,769
63,921

39,053
39,084
39,118
39,156
39,168

15,360
15,530
15,658
15,838
15,943

4,527
4,515
4,484
4,520
4,535

158
156
158
157
157

270
273
282
280
283

66
68
77
85
85

3,534
3,563
3,574
3,602
3,617

144
143
130
131
133

385
365
91
46
226

3,304
2,783
3,835
3,194
3,308

5,728
5,649
5,932
6,038
6,038

15,142
15,162
15,129
15,121
15,165

186,388
181,188
185,255
180,111
179,412

July

63,818
64,021
64,163
64,329

39,242
39,302
39,369
39,421

15,818
15,935
15,940
16,026

4,492
4,483
4,533
4,557

156
157
155
156

287
286
281
283

83
83
84
86

3,609
3,645
3,670
3,673

131
130
131
127

644
92
118
75

2,854
3,224
3,321
3,125

5,994
6,102
6,190
6,245

15,227
15,242
15,234
15,258

181,364
181,638
181,858
179,767

Aug.

64,440
64,576
64,041
64,365
64,719

39,477
39,533
39,574
39,640
39,873

16,000
16,096
15,509
15,744
15,854

4,613
4,591
4,607
4,628
4,648

152
151
153
154
149

281
281
281
281
280

88
88
88
92
91

3,701
3,707
3,699
3,694
3,696

128
129
130
132
128

36
96
39
652
20

3,324
3,303
3,451
2,517
2,466

6,350
6,526
6,510
6,545
6,489

15,295
15,300
15,340
15,352
15,448

182,817
181,887
188,453
184,492
188,621

Sept.

64,920
65,073
65,219
65,478

39,933
39,974
40,029
40,061

16,006
16,104
16,219
16,464

4,644
4,699
4,650
4,630

148
146
1145
145

280
279
277
279

93
91
94
96

3,688
3,646
3,671
3,666

128
134
134
137

159
31

412

2,861
3,276
2,769
3,079

6,318
6,496
6,484
6,473

15,478
15,456
15,460
15,486

65,329
65,536
65,561
65,612

40,128
40,197
40,227
40,255

16,254
16,388
16,264
16,288

4,626
4,606
4,611
4,628

143
144
144
144

277
273
275
266

94
94
89
90

3,668
3,695
3,800
3,789

139
139
151
152

345
434
103
105

3,719
3,335
3,676
3,967

6,405
6,549
6,791
6,883

15,565
15,575
15,550
15,521

184,481
188,109
184,736
185,472
189,664
186,022
188,911
188,812

Oct.

1,115

65,670
66,059
65,971
66,322
66,881

40,312
40,343
40,371
40,431
40,698

16,237
16,431
16,024
16,189
16,407

4,680
4,770
5,023
5,142
5,168

145
148
158
164
168

275
276
279
280
284

89
90
96
100
103

3,776
3,822
3,834
3,811
3,834

156
179
186
205
219

110
180
163
398
281

3,972
4,228
4,256
3,703
4,023

7,023
7,219
6,974
6,861
6,632

15,612
15,612
15,585
15,620
15,693

190,094
187,320
194,348
194,201
196,084

Dec.

From
F.R.
Banks

Capital

Other

Other
liabilities

counts

capital
accounts

ac-

and

Date

1964

Digitized for FRASER


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

255

Nov.

15
22
29

12
19
26

11
18
25

8
15
22
29

13
20
27

10
17
24

8
15
22
29

12
19
26

9
16
23
30

14
21
28

11
18
25

9
16
23
30

WEEKLY REPORTING BANKS


4.1 ASSETS ANI
A. MEMBER BANKS,
(In millions
Loans and
investments

Date

Total

Total
adjusted

Loans
Total

Adjusted

i
To nonbank
financial
institutions j

For purchasing or carrying


securities

Net

Commercial
and
industrial

To brokers
To
Agand dealers
others
rii
cultural U.S.
U.S.
Govt. Other Govt. Other
secu- secu- secu- securities rities rities rities

To commercial
hfink*

|
I

Pet- i
i
j Real
sonal I
estate i
and
Dosales I
1
fi- Other
mestic
nance
, cos.
1 etc.

,jMemo:
All
valuao their 1, tion
reserves

Foreign

.-. .....-==

1965

'

Jan.

6
13
20
27

152,715
151,355
151,001
150,692

149,784
148,734
148,779
148,132

101,224
100,897
100,442
100,071

104,155
103,518
102,664
102,631

42,090 ,579
967 3,211
41,947 . ,569 1,520 3,050
41,875 ,553 1,241 3,109
41,849 ,541
931 3,080

70 1,961 4,676 4.129


66 1,949 4,370 4,074
71 ,962 4,226 4,047
70 ,954 4,209 4,034

20,012
20,060
20,050
20,071

2,931
2,621
2,222
2,560

.537
,504
,488
,494

23,270
23,066
23,100
23,126

2,278
2,278
2,280
2,288

Feb.

3
10
17
24

151,383
151,344
151,935
151,979

149,205
148,607
149,204
149,301

101,060
100,839
101,529
101,587

103,238
103,576
104,260
104,265

42,239
42,337
43,012
43,041

,529 1,001 3,348


,533
792 3,247 [
,529
662 3,103
,533
746 3,105

72
74
68
77

,947
,958
,866
,866

4,285
4,238
4,524
4,440

4,046
4,020
4,030
3,962

20,074
20, 104
20,132
20,163

2,178
2,737
2,731
2,678

,537
,541
, 565
,542

23,273
23,286
23,330
23,404

2,291
2,291
2,292
2,292

Mar.

3
10
17
24
31

152,587
151,943
153,910
153,774
154,050

150,235
149,676
151,742
151,373
151,963

102,302
101,754
104,011
103,849
104,816

104,654
104,021
106, 179
106,250
106,903

43,343
43,163
44,334
44,314
44,620

,530
,530
,536
,539
,542

67
66
69
70
129

,863
,853
,856
,872
,886

4,482
4,387
4,860
4,524
4,808

3,922
3,930
3,983
3,877
4,088

20,188
20,196
20,254
20,298
20,327

2,352
2,267
2,168
|2f401
2,087

,522
,536
,549
,559
,572

23,456
23,440
23,530
23,662
23,705

2,294
2,293
2,301
2,300
2,295

Apr.

7
14
21
28

153,942
154,197
155,743
155,553

151,296
151,693
152,859
152,672

103,994
104,704
105,375
105,234

106,640
107,208
108,259
108,115

44,363
44,448
44,525
44,597

1,537
677 3,590
1,542
733 3,710
1,547 1,009 3,814
1,550
930 3,642

68 1 ,895 4,524 14,057


68 ,911 4.603 i!4,083
71 ,925 4,739 14,056
67 ,933 4,620 |4,083

20,344
20,440
20,474
20,559

2,646
2,504 1
2,884
2,881

,568
,596
,585
,587

23,664 2,293
23,863 j 2,293
23,920 2,290
23,959 2,293

May

5
12
19
26

153,410
155,289
155,498
155,829

152,803
152,643
153,112
153,118

105,969
106,111
106,479
106,565

108,576
108,757
108,865
109,276

45,108
45,293
45,458
45,223

1,550
1,548
1,565
1,577 j

3,646
3,662
3,601
3,692

66
70
73
75

20,623
20,693
20,735
20,804

2,607
2,646
2,386
2,711

,591
,583
,583
,609

23,958
24,033
24,102
24,237

June

2
9
16
23
30

157,092
156,346
158,629
158,258
159,779

154,158
153,644
156,323
155,979
158,440

107,450
106,744
109,461
109,110
110,925

110,384
109,446
111,767
111,389
112,264

45,270
45,258
46,473
46,320
46,847

1,572
963 3,811
1,575
783 3,602
1,594 1,031 3,750
1,601 1,023 3,699
1,607 1,110 4,265

72
73
72
72
73

Digitized for FRASER


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

883
663
814
713
776

953
924
928
802

3,340
3,283
3,527
3,621
3,658

256

,929
,941
,953
,955

4, 80S
4,597
4,698
4,760

,957 5,151
! ,974 4,768
1 ,967 I 5,468
1,954 I 5,215
1,970 5,447
!

4.032
4,061
4,077
4,125

4,139 ! 20,842 I 2,934


|4,145 20,905 2,702
j 4,224 21,008 2.306
4,215 ! 21,071 2,279 1
4,383 21,149 [1,339
J

,609
,604
,582
1,596
1,577

2,295
2,294
2,294
2,294

24,359 2,295
24,348 ; 2,291
24,588 2,296
24,636 2,292
24,803 2,306
j

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Investments

Balances with-

U.S. Government securities


Notes and bonds maturing
Total

Bills

Certificates

Within
1 year

1 to
5 years

After
5 years

Other
securities

Cash
items
in
process
of
collection

Currency
and
coin

Reserves
with
F.R.
Banks

Domestic
banks

Foreign
banks

Other
assets

Total
assets

Date

1965

27,473
26,497
26,935
26,667

5,451
4,482
5,294
5,127

4,187
4,300
3,187
3,139

12,008
11,889
10,454
10,477

5,827
5,826
8,000
7,924

21,087
21,340
21,402
21,394

17,560
16,919
15,653
14,405

1,988
2,082
1,970
1,975

13,980
12,576
12,597
13,303

3,351
3,195
3,284
3,016

266
254
265
264

5,839
5,945
5,790
5,863

195,699
192,326
190,560
189,518

Jan.

6
13
20
27

26,516
26,095
25,894
25,857

5,010
4,608
4,267
4,402

3,122
3,143
3,391
3,375

10,467
10,477
11,192
11,151

7,917
7,867
7,044
6,929

21,629
21,673
21,781
21,857

15,476
14,621
16,828
15,385

1,822
1,903
1,916
2,009

13,685
12,562
13,319
12,284

3,126
2,954
3,178
3,056

254
268
251
256

6,011
6,105
5,971
6,036

191,757
189,757
193,398
191,005

Feb.

3
10
17
24

25,965
25,664
25,418
25,140
24,962

4,609
4,379
4,234
3,972
3,806

3,324
3,335
3,382
3,382
3,468

11,128
11,087
11,178
11,169
11,121

6,904
6,863
6,624
6,617
6,567

21,968
22,258
22,313
22,384
22,185

16,366
14,757
16,829
15,274
17,151

1,795
1,920
1,920
1,942
1,885

13,041
12,685
12,953
12,769
12,896

3,307
3,109
3,212
3,109
3,826

259
270
275
270
247

6,128
6,012
6,012
6,133
6,174

193,483
190,696
195,111
193,271
196,379

Mar.

3
10
17
25
31

24,701
24,513
24,586
24,510

3,863
3,680
3,708
3,669

3,355
3,398
3,432
3,465

10,946
10,972
10,942
10,887

6,537
6,463
6,504
6,489

22,601
22,476
22,898
22,928

15,507
17,498
16,079
15,158

1,816
2,003
2,003
2,023

13,178
13,156
12,809
13,132

3,013
3,205
3,125
3,128

228
234
225
224

6,180
6,219
6,246
6,325

193,864
196,512
196,230
195,543

Apr.

7
14
21
28

24,067
24,095
24,240
24,033

3,294
3,270
3,360
3,203

3,434
3,493
3,452
3,517

10,866
10,846
10,194
10,060

6,473
6,486
7,234
7,253

22,767
22,437
22,393
22,520

16,354
17,231
15,788
15,107

1,768
1,982
1,949
2,019

13,675
12,789
12,833
13,074

3,236
3,233
3,067
2,978

226
231
227
251

6,503
6,475
6,343
6,445

197,172
197,230
195,705
195,703

May

5
12
19
26

24,026
23,701
23,707
23,533
24,254

3,203
2,901
2,934
2,795
3,635

3,549
3,611
3,624
3,636
3,637

10,027
10,012
9,981
9,920
9,866

7,247
7,177
7,168
7,182
7,116

22,682
23,199
23,155
23,336
23,261

16,804
14,382
18,038
15,427
18,676

1,913
1,952
1,928
2,031
1,955

12,798
12,690
14,179
13,283
13,726

3,156
2,968
3,361
3,079
3,288

234
216
219
215
213

6,409
6,287
6,288
6,389
6,665

198,406
194,841
202,642
198,682
204,302

June

2
9
16
23
30

Digitized for FRASER


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

257

WEEKLY REPORTING BANKS


4.1 ASSE1S AND
A. MEMBER BANKS,
(In millions
Demand deposits
Total
demand
and
time
deposits

Date

Total
Adjusted

Unadjusted

IndividStates
and polituals,
partnerical subships,
divisions
and corps.

U.S.
Government

'

Domes tic banks


Commercial

i!

Mutual
savings

For ei*,n
Governments,
etc.

|j
J Certified
and
Comofficers'
mercial
checks
banks

1965
Jan.

6
13
20
27

168,846
165,768
165,194
163,444

66,202
66,160
66,063 i
65,891 1

101,512
97,518
96,560
94,367

72,029
72,104
70,973
69,347

5,157
4,763
4,857
5,105

3,806
1,600
2,504
2,915

13,944
12,839
12,340
11,156

Feb.

3
10
17
24

165,293
163,442
166,176
164,449

64,992
64,307
62,248
62,987

96,059
93,799
96,227
94,306

68,515
67,254
67,630
67,088

5,396
5,316
4,990
5,152

3,643
3,096
5,120
4,534

Mar.

3
1C)
17
24
31

166,579
164,127
168,268
166,316
170,319

63,509
64,247
64,405
62,510
63,407

96,240
93,298
97,627
95,312
99,182

68,131
67,836
69,426
66, 183
67,645

5,423
5,112
4,851
4,942
5,570

Apr.

7
14
2!
28

166,964
169,276
168,800
168,212

63,753
65,031
65,243
64,741

95,492
97,749
97,143
96,130

67,942
71,239
70,163
68,571

May

5
12
19
26

169,941
170,032
168,504
168,178

62,842
62,156
60,572
62,273

97,720
97,679
95,813
95,308

June

2
9
16
23
30

170,834
166,911
174,991
171,263
177,370

62,606
62,977
65,065
62,959
63,809

97,840
93,522
101,958
97,832
103,553

Digitized for FRASER


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

707
685
584
538

736
693
637
783

1,316
1,304
1,256
1,288

3,817
3,530
3,409
3,235

11,948 !
11,775 '
12,031
11,400 !

578
556
536
510

794
724
747
688

1,265
1,429
1,280
1,269

3.920
3.649
3,893
3,665

4,035
2,446
4,349
6,056
5,990

12,330
11,848 :
12,044
11,472
12,634 ;

544
524
516
497
575

673
684
658
655
728

1,289
1,257
1,233
1,247
1,365

3,815
3,591
4,550
4,260
4,675

4,772
4,841
5,210
5,269

3,899
2.843
3,823
5,266

12,333
12,377
11,998
10,965

645
586 i
558
522 "

6B4
623
684
624

1,263
1,254
1,244
1,262

3,954
3,986
3,463
3,651

66,899
67,757
65,366
66,074

6,017
5,558
5,074
5,271

6.458
6,701
8,218
7,056

12,066
11,591
11,235
10,872

594
516
523
505 ;

611
624
610
619

1,239
1,230
1,255
1,237

3,836
3,702
3.532
3,674

67,521
66,492
71,634
67,207 !'
69,651

5,545
5.080
4,971
4,965
5,410

6,384
4,632
6,693
8,019
8,664

12,046
11,531
12,162
11,427
12,404

564 '
532
535
500
626

672
677
774
702
759

1,322
1,280
1,276
1,319
1,327

3,786
3,298
3,913
3,693
4,712

258

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1941-65Continued
of dollars)
Borrowings

Time deposits

Other

Other
liabilities

Capital
accounts

Total
liabilities
and
capital
accounts

Total

Foreign
Domestic
Individuals, part- States
interbank
and
nerships, and corU.S.
political Governporations
Govern- Comsubdivi- ment
ComMutual ments, mercial
sions
Savings Other
mercial savings
etc.
banks

67,334
68,250
68,634
69,077

40,860
41,046
41,125
41,213

16,714
17,333
17,634
17,958

5,206
5,303
5,285
5,301

171
173
179
178

291
303
297
307

106
144
150
159

3,769
3,737
3,766
3,739

217
211
198
222

257
113
5
155

4,818
4,469
3,419
3,843

6,101
6,298
6,283
6,368

15,677
15,678
15,659
15,708

195,699
192,326
190,560
189,518

Jan.

6
13
20
27

69,234
69,643
69,949
70,143

41,334
41,478
41,560
41 , 623

17,961
18,048
18,177
18,266

5,342
5,340
5,386
5,451

175
174
175
174

313
312
315
314

158
172
178
183

3,728
3,885
3,919
3,893

223
234
239
239

640
59
140
44

3,449
3,700
4,270
3,650

6,587
6,755
7,023
7,079

15,788
15,801
15,789
15,783

191,757
189,757
193,398
191,005

Feb.

3
10
17
24

70,339
70,829
70,641
71,004
71,137

41,743
41,910
42,028
42,097
42,323

18,358
18,613
18,240
18,464
18,457

5,477
5,514
5,483
5,550
5,498

173
174
173
174
171

315
322
324
306
301

189
200
205
210
214

3,838
3,846
3,937
3,954
3,936

246
250
251
249
237

504
378
347
184
50

3,764
3,622
3,872
3,983
3,299

6,791
6,705
6,788
6,947
6,755

15,845
15,864
15,836
15,841
15,956

193,483
190,696
195,111
193,271
196,379

Mar.

3
10
17
24
31

71,472
71,527
71,657
72,082

42,352
42,217
42,171
42,148

18,657
18,756
18,828
19,052

5,561
5,616
5,735
5,898

171
171
170
172

307
308
306
290

214
207
204
205

3,974
4,022
4,011
4,089

236
230
232
228

66
224
162
259

4,245
4,371
4,511
4,306

6,611
6,679
6,805
6,769

15,978
15,962
15,952
15,997

193,864
196,512
196,230
195,543

Apr.

7
14
21
28

72,221
72,353
72,691
72,870

42,236
42,315
42,387
42,449

19,131
19,224
19,538
19,623

5,822
5,784
5,761
5,792

170
169
170
171

291
309
308
320

204
205
215
225

4,142
4,122
4,084
4,063

225
225
228
227

311
58
340
232

4,054
4,183
3,880
4,180

6,790
6,870
6,876
6,993

16,076
16,087
16,105
16,120

197,172
197,230
195,703
195,703

May

5
12
19
26

72,994
73 , 389
73,033
73,431
73,817

42,540
42,622
42,694
42,779
43,128

19,679
19,989
19,670
20,016
20,130

5,815
5,749
5,695
5,695
5,595

170
171
172
176
175

316
317
343
330
350

211
235
215
237
207

4,032
4,079
4,008
3,969
4,002

231
227
236
229
230

162
424
636
26
604

4,351
4,545
4,095
3,774
2,582

6,877
6,773
6,846
7,195
6,975

16,182
16,188
16,074
16,424
16,771

198,406
194,841
202,642
198,682
204,302

June

2
9
16
23
30

From
F.R.
Banks

Date

1965

Digitized for FRASER


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

259

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Loans
For purchasing
or carrying securities

Date

Total
loans
and
investments
(net)

Total
(net)

Commercial
and
industrial

#
cul-

tural

To brokers
and dealers

To
others

PerU.S.
U.S.
sonal
Govt. Other Govt. Other and
sesesales Other
sesecuri- curi- curi- curi- finance
ties
ties
ties
ties
COS.,
etc.

To commercial
banks

T0
nonl:>ank
fina icial
i us tinitions

Real
estate
Domestic-

Foreign

1,671
1,662
1,622
1,623

Con- Forsumer- eign


ins ta I- govts.
ment

All
other

Memo:
valuation
reserves

27,389
27,425
27,457
27,422

2,450
2,448
2,445
2,447

1965
July

7
14
21
28

172,754
172,162
171,145
170,898

121,033
120,514
119,608
119,179

48,994
49,013
48,767
48,589

1,714 1,277 3,771


1,735 1,180 3,416
1,749
959 3,284
614 3,195
1,756

78
77
76
76

2,044 i
2,044
2,052
2,055

5,460
5,295
5,052
5,06

4,510
4,537
4,546
4,672

24,108
24,181
24,262
24,296

2,467
2,397
2,227
2,260

Aug.

4
11
18
25

172,229
171,591
172,329
171,965

120,384
119,879
120,789
120,499

48,930
49,041
49,344
49,242

1,692
1,702
1,702
1,700

3,250
3,171
3,159
3,159

74
72
72
73

2,054
2,051
2,044
2,073

5,418
5,1861
5,225
5,310

4,647
4,656
4,681
4,709

24,349
24,444
24,574
24,643

2,675
2,362
2,433
2,209

,619
,617
,637
,598 . . . . .

27,499
27,511
27,577
27,536

2,448
2,447
2,445
2,442

Sept.

1
8
15
22
29

173,124
172,121
174,841
174,149
174,101

121,506
120,857
123,157
122,325
122,553

49,342
49,150
50,076
50,354
50,528

1,716 1,040 3,271


1,715
550 3,056
1,720 1,013 3,245
1,727
751 3,053
1,728
463 2,987

83
84
84
84
94

2,06t
2,067
2,071
2,117
2,121

5,759
5,469
5,975
5,626
5,481

4,779
4,827
4,866
4,900
4,949

24,704
24,746
24,850
24,917
24,993

1,971
2,406
2,353
1,893
2,256

,599
,605
,607
,594
,606

27,626
27,626
27,746
27,758
27,794

2,445
2,444
2,449
2,449
2,447

Oct.

6
13
20
27

174,069
176,280
176,078
175,952

122,823
123,180
122,909
122,926

50,544
50,794
50,660
50,640

1,736
1,739
1,740
1,729

388
863
742
687

3,001
2,967
2,992
2,936

98
95
97
99

2,104
2,108
2,110
2,111

5,364'
5,134
4,986
4,941

5,010
5,012
5,005
4,979

25,0451
25,138,
25,171
25,226

2,643
2,366
2,482
2,621

1,611
1,638
1,607
1,593

27,753
27,799
27,790
27,836 [

2,474
2,473
2,473
2,472

Nov.

3
10
17
24

175,819
175,436
176,357
176,188

123,524
123,781
125,082
123,925

51,218
51,184
51,769
51,397

1,740
1,733
1,756
1,760

520
495
604
698

3,040
3,097
3,293
3,183

101
99
99
99

2,119
2,127
2,130
2,163

5,289
5,058
5,224J
5,027

5,047
5,019
5,035
5,002

25,263
25,312
25,399
25,432

2,247
2,692
2,678
2,123

l,637i
1,628
1,609
1,626

27,777
27,807
27,958
27,884

2,474
2,470
2,472
2,469

Dec.

1
8
15
22
29

178,243
176,203
180,623
180,796
181,792

125,969
124,109
128,225
127,954
128,981

51,614
51,502
52,493
53,037
53,113

1,761
978 3,453
1,756
555 3,273
1,778 1,023 3,688
1,784
624 3,587
1,758
663 3,614

93
101
101
101
107

2,175
2,164
2,239
2,255
2,249

5,539
5,275
6,077
6,178
6,233

5,042
4,923
4,933
4,958
4,954

25,475
25,509
25,554
25,578
25,577

2,654
1,927
1 022
2,398
3,192

,645
,645
,643
,655
,624

28,015
27,951
28,141
28,264
28,343

2,475
2,472
2,467
2,465
2,446

Digitized for FRASER


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

625
513
786
689

260

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70
of dollars]
Investments
U.S. Government securities

Other securities

Notes and bonds


maturing
Total

Bills

Certificates
Within

lyr.

1 to
5 yrs.

After
5 yrs.

Obligations
of States
and
political
subdiv.
Tax
warrants

All
other

Other bonds,
corp. stocks,
and
securities
Certif.
of
participation

Cash
items
in
process
of
collection

Balances
with
ReCurrency serves
with
and
F.R.
coin Banks

All
other

Other
assets

Total
assets

^^^^m

^^M^^^H

Date

Domes- Foreign
tic
banks banks

1965
26,255
26,157
26,032
26,113

3,482
3,308
3,229
3,255

4,033
4,137
4,127
4,136

10,947
10,885
10,864
10,884

7,793
7,827
7,812
7,838

25,466
25,491
25,505
25,606

17,576
17,895
15,747
14,829

2,183
2,342
2,287
2,333

13,429
13,204
13,552
13,689

3,842
3,790
3,686
3,591

217
210
209
208

6,844
6,784
6,697
6,772

216,845 July
216,387
213,323
212,320

7
14
21
28

26,010
25,761
25,484
25,319

3,245
2,963
2,734
2,681

4,060
4,042
4,268
4,344

10,879
10,918
10,850
10,720

7,826
7,838
7,632
7,574

25,835
25,951
26,056
26,147

15,703
15,264
15,647
14,191

2,104
2,238
2,252
2,318

13,973
13,078
13,167
13,392

3,767
3,597
3,719
3,571

207
218
229
205

6,916
6,866
6,730
6,735

214,899 Aug.
212,852
214,073
212,377

18
25

25,477
25,077
25,468
25,522
25,281

2,996
2,684
3,051
3,124
2,913

4,417
4,415
4,415
4,429
4,411

10,615
10,585
10,598
10,582
10,575

7,449
7,393
7,404
7,387
7,382

26,141
26,187
26,216
26,302
26,267

16,441
15,532
19,969
16,629
15,557

2,234
2,308
2,361
2,306
2,405

12,572
12,913
13,054
13,802
13,483

3,980
3,789
4,308
3,796
3,919

201
207
202
199
189

6,906
6,893
6,878
6,861
7,017

215,458 Sept.
213,763
221,613
217,742
216,671

15
22
29

25,010
26,782
26,939
26,858

2,848
4,661
4,839
4,776

4,393
4,391
4,357
4,374

10,444
10,448
10,468
10,419

7,325
7,282
7,275
7,289

26,236
26,318
26,230
26,168

16,145
19,770
16,983
15,832

2,190
2,442
2,370
2,451

13,160
13,867
13,514
13,076

3,856
4,149
3,952
3,834

197
207
208
215

7,134
7,006
6,853
6,824

216,751 Oct.
223,721
219,958
218,184

6
13
20
27

26,418
25,937
25,647
26,684

4,330
3,884
3,842
5,011

4,414
4,395
4,260
4,183

10,431
10,406
10,356
10,299

7,243
7,252
7,189
7,191

25,877
25,718
25,628
25,579

19,156
18,714
18,751
17,407

2,285
2,311
2,346
2,329

13,819
13,206
13,518
13,505

4,118
3,884
4,164
3,699

222
210
202
213

7,010
6,950
7,019
6,954

222,429 Nov.
220,711
222,357
220,295

3
10
17
24

26,516
26,131
26,332
26,666
26,638

4,855
4,450
4,650
5,018
5,047

4,268
4,260
4,188
4,153
4,181

10,182
10,189
10,220
10,188
10,087

7,211
7,232
7,274
7,307
7,32'

25,758
25,963
26,075
26,176
26,173

18,562
16,558
20,652
19,415
17,842

2,428
2,486
2,545
2,548
2,650

13,520
13,057
13,592
13,622
14,296

4,058
4,093
4,292
4,167
4,044

202
208
196
.208
206

7,210
7,140
7,174
7,179
7,195

224,223 Dec.
219,745
229,083
227,935
228,025

1
8
15
22
29

Digitized for FRASER


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Federal Reserve Bank of St. Louis

261

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Time deposits

Demand deposits
Total
demand
and
time
deposits

Date

~tii
Totai

Individuals,
partnerships,
and
corps.

States
and
political
subdivisions

Foreign

Domestic banks
U.S.
Government

Commercial

M Ut-i
ual
sav.
ings

Commercial
banks

ern

"
ments,
etc
i

1965

Certified
and

ji

of- !

Individuals,
partnerships,
and corps.

States
and
polit-

fleers'

Savings

checks |
i

U.S.
Gov-

.!

Total
i

sub-

divi-

Other

s{ons

is

em

'

ment

r
1

July

7
14
21
28

187,061
186,483
183,843
182,589

106,594
105,472
102,598
100,973

74,061
75,376
73,960
73,540

5,391
5,159
4,975
5,334

7,452
6,391
6,331
5,401

12,771
12,281
11,406
10,792

1
7201
662
566
552

Aug.

4
11
18
25

184,418 102,651
182,708 100,651
183,346 101,074
182,065 99,458

72,860
72,617
72,028
71,858

5,797
5,274
5,125
5,186

5,694
5,222
6,343
5,450

12,161
li;526
11,750
11,268

591
556
546
511

687
700
654
646

,309
,310
,294
,257

3,552
3,446
3,334
3,282

81,767
82,057
82,272
82,607

48,755
48,867
48,955
49,0141

185,305
182,639
190,627
186,762
186,776

102,491
99,606
108,462
104,155
103,540

73,684
73,330
80,056
74,692
73,839

5,544
5,080
5,443
5,084
5,397

4,246
2,422
2,899
5,795
5,946

12,474
12,743
13,388
12,182
11,986

566
577
559
567
568

666
674
771
746
791

,291
,352
,290
,295
,379

4,020
3,428
4,056
3,794
3,634

82,814
83,033
82,165
82,607
83,236

49,078, 21,867
49,192, 22,064
49,228 21,310
49,374 21,484
49,605 21.891

6,749,
6,744
6,573
6,6731
6,716

188
187
184
183
182

13
20
27

185,336
191,914
188,760
186,941

101,634
107,984
104,625
102,478

74,046
77,848
76,809
76,246

5,328
5,056
4,924
5,289

2,707
4,883
4,120
3,121

13,221
13,470
12,338
11,758

669
633
622
590

692
748
795
709

,320
357
,340
,337

3,6511 83,702
3,989! 83,930
3,677 84.135
3,428 84,463

49,790
49,872
49,956
50,015

22,190
22,334
22,480
22,662

6,644j
6,674
6,661
6,741

179
179
182
177

Nov.

3
10
17
24

190,771
188,482
189,786
188,387

106,605
104, 108
105,447
103,687

77,058
75,970
77,352
75,857

6,071
5,709
5,388
5,482

2,712
1,704
3,114
4,124

13.559
13,255
12,991
11,947

650||
606
595
529

712li
773
762
751'

.343
,349
,314
,289

4.500
4,742
3.931
3,708

84,166
84,374
84,339
84,700

50,107
50,235;
50,289
50,364

22,254
22,329
22,223
22,449

6,707
6,763
6,8031
6,871

183
179
177
178

Dec.

1
8
15
22
29

192,501
188,857
196,937
195,988
195,499

107,830
104,003
112,499
111,099
110,201

77,879
76,552
83,649
80,944
81,070

5,922
5,699
5,556
5,514
5,854

4,031
2,029
2,248
3,926
4,059

12,876
13,151
13,518
13,340
12,399

578
555
555
524
582

734
720
774
796
873

,311
,321
,304
,370
,446

4,499
3,976
4,895
4,685'
3,918
I

84,671
84,854
84,438
84,889
85,298

50,408;
50,469
50,4791
50,508
50,694|

22,400
22,532
21,826
22,045
22,111

6,880
6,902
7,241
7.397
7,5261

176
174
177
177
183

Sept.

Oct.

8
15
22
29

Digitized for FRASER


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Federal Reserve Bank of St. Louis

7061
665
729
705

1,382
1.387
1,291
1,337

4,lllf
3,551
3,340
3,312

80,467
81,011
81,245
81,616

48,314,
48,486'
48,574
48,632

20,821
21,0981
21,195'
21,420

6,380
6,433
6,473
6,493

188
194
193
194

21,449 6,487
2U490! 6,609
21,6331 6,609
21,808? 6,670

193
191
191
190

262

if

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued
of dollars)
Time deposits (cont.)
Domestic
banks

Commercial

Mutual
savings

Governments,
etc.

Memoranda

Borrowings

Foreign

Commercial
banks

From
F.R.
Banks

Other
liabil- Capital
ities accounts
Other

Total
Total
Large negotiable time CD's
liabilincluded in time deposits
ities
Total
loans
and
(net), Demand
loans
capital
(net), adjusted, deposits
Issued
and
Issued
accounts adjusted
adjusted Total
to
investissued to IPC's
others
ments

Date

1965
349
347
347
351

205
206
207
210

3,972
4,004
4,019
4,078

238
243
237
238

381
169
212
486

4,259
4,419
4,067
3,943

7,161
7,369
7,266
7,342

17,983
17,947
17,935
17,960

216,845
216,387
213,323
212,320

118,566
118,117
117,381
116,919

170,287
169,765
168,918
168,638

68,795
68,905
69,114
69,951

15,587
15,662
15,986
16,242

July

353
345
355
371

208
211
213
216

4,089
4,110
4,080
4,103

233
234
236
235

354
199
241
342

4,703
4,380
4,730
4,215

7,382
7,518
7,745
7,727

18,042
18,047
18,011
18,028

214,899
212,852
214,073
212,377

117,709
117,517
118,356
118,290

169,554
169,229
169,896
169,756

69,093
68,639
67,334
68,549

16,223
16,403
16,408
16,571

Au8.

376
377
394
395
401

210
208
210
213
212

4,111
4,027
4,034
4,043
3,985

235
234
232
242
244

46
354
147
827
28

4,072
4,654
4,802
4,111
3,921

7,947
8,032
7,986
7,993
7,880

18,088
18,084
18,051
18,049
18,066

215,458
213,763
221,613
217,742
216,671

119,535
118,451
120,804
120,432
120,297

171,153
169,715
172,488
172,256
171,845

69,330
68,909
72,206
69,549
70,051

16,637
16,669
15,852
16,050
16,300

Sept.

1
8
15
22
29

407
410
403
408

202
203
207
199

4,048
4,016
3,993
4,023

242
242
253
238

392
849
311
242

4,981
4,847
4,923
4,946

7,871
7,944
7,812
7,860

18,171
18,167
18,152
18,195

216,751
223,721
219,958
218,184

120,180
120,814
120,427
120,305

171,426
173,194
173,596
173,331

69,561
69,861
71,184
71,767

16,541
16,435
16,537
16,513

Oct.

6
13
20
27

409
412
407
439

190
184
180
178

4,083
4,046
4,030
3,993

233
226
230
228

501
77
200
660

4,909
5,686
5,672
4,731

7,948
8,164
8,424
8,279

18,300
18,302
18,275
18,238

222,429
220,711
222,357
220,295

121,277
121,089
122,404
121,802

173,572
172,744
173,679
174,065

71,178
70,435
70,591
70,209

16,369
16,538
16,546
16,748

Nov.

3
10
17
24

449
449
408
417
417

174
175
167
166
167

3,962
3,921
3,913
3,945
3,970

222
232
227
234
230

141
77
38
203
390

5,004
4,272
5,525
5,351
5,795

8,222
8,204
8,262
8,079
7,967

18,355
18,335
18,321
18,314
18,374

224,223
219,745
229,083
227,935
228,025

123,315
122,182
125,203
125,556
125,789

175,589
174,276
177,610
178,398
178,600

72,361
72,265
76,081
74,418
75,901

16,638
16,650
15,919
16,102
16,25

Dec.

i
8
15
22
29

Digitized for FRASER


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

263

7
14
21
28

4
18
25

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Loans
i
For pu rchasin g
or carry in g sccuri ties

Total
loans
and
i n vestmen J$
(net)

Date

Total
(net)

Commercial
and
industrial

Agricultural
|

Tob rakers
and tlealers

'I"o
otl icrs

Per: sonal
U.S.
U.S.
Govt. Other Govt. Other i and
sesesales I Other
sesecuri- curi- curi- curi- finance
ties
ties
ties
COS.,
ties
etc.

To *omme -cial
ba nks

1"o
non bank
I
fina ncial
instit utions

Real
estate
Domesi tic-

Con- For;! sumer- : eign


instal- govts.
Forment
eign

mmmmmm

1966
;

5
12
19
26

181,112
180,003
179,406
178,650

128,546
128,097
126,758
126,406

53,364
53,294
53,038
52,850

,766
,751
,721
,709

614
765
610
751

3,684
3,457
3,698
3,344

116
106
107
110

2,244
2,244
2,243
2,244 |

5,985
5,700
5,417
5,258

5,042
4,987
4,958
4,922

25,571
25,625 {
25,660 \
25,707

2,949 i
3,049
2,320
2,610

1,678
1,652
1,629 . . . . . . .
1,618

9
16
23

179,459
177,227
178,186
178,564

127,458
126,114
127,014
127,714

52,974
53,008
53,543
53,608

,704
,708
,718
,725

691
436
480
345

3,559
3,208
3,258
3,276

110
108
108
107

2,256
2,262
2,267
2,270

5,764
5,307
5,620
5,528

4,867
4,801
4,800
4,743

25,700
25,725
25,792
25,827

2,793
2,632
2,415
3,281

1,616
1,600
1,588
1 , 582

Mar.

2
9
16
23
30

178,777
177,736
180,278
178,774
180,182

128,093
127,891
130,211
129,492
130,474

53,855
53,688
54,997
55,025
55,199

,721
,733
,704
,710
,720

636
334
459
358
575

3,441
3,391
3,355
3,213
3,289

108
106
105
108
111

2,265
2,263
2,255
2,249
2,243

5,956
5,633
6,672
6,206
6,077

4,755
4,725
4,775
4,772
4,836

25,822 2,402 1 , 557


25,794 3,180 1,549
25,
mi 2,794 1 1,542 . . . . . . .
25,915 1 2,839 1,534 . . . . . . .
25,971 3,267 1,559

Apr.

6
13
20
27

180,252
180,166
181,987
182,005

130,114
130,118
130,969
131,116

54,971
55,121
55,279
55,031

1,714
713 3,519
884 3,402
1,722
1,720 1,158 3,634
1,718
999 3,543

96
97
101
97

2,239
2,230
2,229
2,225

6,003
5,803
6,096
6,161

4,853
4,811
4,852
4,945

25,944
26,052
26,118
26,160

2,852
2,743
2,376
2,759

1,564 . . . . . . .
1,533
1,526
1,514

May

4
11
18
25

182,483
182,451
181,493
181,931

131,738
131,735
131,679
131,992

55,620
55,669
56,101
55,990

1,721
1,724
1,720
1,729

837!
837
678
886

3,778
3,752
3,598
3,494

94
97
95
9i'

2,224
2,224
2,213
2,206

6,474
6,089
6,115
5,815

4,829
4,778
4,787
4,771

26,165
26,255
26,328
26,397

2,586
2,910
2,534
3,097

1,519
1,521
1,531
1,524

1
8
15
22

183,989
180,749
184,097
184,523

134,055
130,991
134,246
135,236

56,384
56,183
57,436
58,077

1,731
1,729
1,744
1,748

993
533!
683
513

3,681
3,375
3,563
3,755

94
101
89
90

2,206
2,220
2,215
2,213

6,429
5,853
6,569
6,934

4,817
4,730
4,857
4,796

26,410
26,429
26,530
26,588

3,445
2,112
3,048
2,875

1,586
1,606
1,565
1,608

Jan,

Feb.

June

Alt
other

Memo;
valuation
reserves

i 28,291

2,758
28,224 2,757
I 28,115 2,758
1 28,041 ,758
28,185
28,079
28,185
28,181

,761
,760
,760
,759

28,339 ,764
28,268 ,773
28,431 ,765
28,333 ,770
28,402 i ,775
28,409
28,483
28,642
28,717

,763
,763
,762
,753

28 , 644
28 , 629
28,730
28,742

,753
,750
,751
,750

29,029
28,878
28,704
28,794

,750
,758
,757
,755

87 2,231 7,067 4,876 26,630 3,338 1,496 1S79SO 1,182 11,489

,760

29

186,534 136,273 58,247 1,788

682 3,970

July

6
13
20
27

186,891
186,264
184,945
184,493

136,323
135,983
134,570
134,189

58,648
58,767
58,813
58,695

1,800
1,799
1,808
1,802

534
415
389
337

3,951
3,687
3,537
3,349

90
113
125
116

2,241
2,223
2,216
2,203

7,261
6,714
6,506
6 S 37S

4,893:'
4,846
4,782
4,741

26,647
26,720
26,787
26,834

2,934
3,583
2,472
2,660

1,514
1,474
1,470,
1,485

16,072
16,070
16,109
15,936

,137
,132
,118
,119

11,371 ,770
11,210 ,770
11,209 2,771
1 1 , 302 2,768

Aug.

3
10
17
24
31

184,897
184,477
184,363
183,453
185,699

135,107
135,013
134,845
133,995
134,825

59,007
58,962
58,942
58,646
58,274

1,815
1,816
1,813
1,809
1,805

389
333
368
240
947

3,421
3,150
3,199'
3,1721
3,232

114
113
117
114
115

2,216
2,229
2,219
2,219
2,202

6,61!
6,437
5,857
5,660
5,738

4,733!
4,716
4,697
4,703:
4,716

26,868
26,945
27,015
27,070
27,136

2,734
3,165
3,215
3,268
3,589

1,523
1,522
1,499
1,498
1,487

16,002
16, 176
16, 129
16,146
16,132

,172
,165
,163
,158
,150

11,273
11,053
11,382
11,062
11,072

2,771
2,769
2,770
2,770
2,770

Sept.

7
14
21
28

184,368
184,764
185,499
185,581

134,085
134,387
135,267
134,954

58,306
58,642
59,404
59,408

1,801
1,790
1,791
1,786

744
658
792
531

3,073
3,155
3,123
3,014

112
108
106
106

2,187
2,176
2,168
2,170

5,939
5,932
6,406
6,130

4,689
4,722
4,687
4,692

27,150
27,230
27,264
27,332

3,027
2,999
2,590
2,942

1,508
1,488!
1,495
1,510

16,134
16,143
16,107
16,110

,148
,152
,148
,132

11,039
10,962
10,952
10,858

2,772
2,770
2,766
2,767

Oct.

5
12
19
26

185,465
184,043
185,417
183,882

135,680
134,920
135,179
134,039

59,619
59,577
59,548
59,460

1,777
1,770
1,772
,,771

390
384
886
611

3,157
2,926
2,885
2,657

96
92
94
95

2,153
2,140
2,142,
2,133

6,482
6,237
5,981
5,695

4,676
4,597
4,535,
4,531

27,331
27,373
27,411
27,449

3,172
2,979
3,123
2,981

1,515
1 , 509
1,511
1,523

16,091
16,087
16,079
16,083

,143
,162
,160
,155

10,862
10,821
10,835
10,675

2,784
2,7H4
2,783
2,780

Nov.

2
9
16
23
30

184,237
184,036
184,354
183,149
184,810

134,659
135,106
135,436
134,397
134,987

59,691
59,816
60,235
59,995
60,010

1,765
1,768
1,768
1,770
1,769

675
688
581
268
465

2,802
2,788
2,720
2,649
2,641

102
97
94
96
93

2,124
2,107
2,114
2,121
2,135!

6,202
5,793
5,900
5,708

4,440
4,444'
4,384i
4,374i
4,356

27,446
27,458
27,514
27,516
27,490

2,673
3,470
3,542
3,373
3,436

1,501
1,4991
1,515
1,519
1 , 520

16,100
16,088
15,969
15,970
15,952

,159
,190
,200
,230
,193

10,758
10,679
10,673
10,579
10,701

2,779
2,779
2,773
2,771
2,764

Dee.

7
14
21
28

184,093
186,251
188,484
189,409

134,349
135,707
137,225
137,999

60,021
60,366
61,111
60,747

1,771
551
841
1,787
1,794
729
1,806 1,137

2,644
2,784
3,066
3,359

92
72
74
75

2,112
2,097
2,113
2,115

5,730
6,029
6,729
6,902

4,296
4,303
4,337
4,323

27,447
27,460
27,422
27,421

3,209
3,437
3,266
3,428

1,561
1,532
1,554
1,579

15,956
15,921
15,869
15,910

,180
,179
,167
,178

10,541
10,651
10,735
10,742

2,762
2,752
2,741
2,723

Digitized for FRASER


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

264

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued

of dollars)
Investments

Notes and bonds


maturing
Total

Bills

Certificates
Within
lyr.

I to

5 yrs.

Balances
with

Other securities

U.S. Government securities

After
5 yrs.

Obligations
of States
and
political
subdiv.
Tax
warrants

All
other

Other bonds,
corp. stocks
and
securities
Certif.
of
participation

Cash
items
in
process
of
collection

ReCurrency serves
with
and
F.R.
coin Banks

All
other

Other
assets

Total
assets

M^MMB

II^^^M

Date

Domes- Foreign
tic
banks banks

MH^^M

mmmmmm

26,717
26,087
26,918
26,634

5,135
4,797
5,071
4,885

4
4
590
586

4,160 10,082 7,336


4,090 9,973 7,223
4,113 9,934 7,210
4,075 9,943 7,145

25,849
25,819
25,730
25,610

18,568
18,731
17,919
16,155

2,366
2,551
2,451
2,434

15,712
13,157
13,053
14,163

4,028
3,931
4,088
3,662

212
214
218
229

7,309
7,032
7,191
7,228

229,307 Jan.
225,619
224,326
222,521

5
12
19
26

26,259
25,439
25,369
24,785

4,691
3,941
4,078
3,837

553
537
526
530

3,929 9,930 7,156


3,925 9,891 7,145
3,233 10,355 7,177
3,181 10,139 7,098

25,742
25,674
25,803
26,065

16,661
16,248
18,388
18,524

2,268
2,302
2,354
2,486

14,225
13,576
13,298
12,902

3,791
3,510
3,882
3,777

203
207
192
205

7,459
7,390
7,210
7,405

224,066 Feb.
220,460
223,510
223,863

2
9
16
23

24,654
23,930
24,093
23,415
23,689

3,837
3,313
3,474
2,957
3,236

526
518
522
492
508

3,195
3,151
3,139
3,126
3,071

10,085
10,072
10,278
10,295
10,345

7,011
6,876
6,680
6,545
6,529

26,030
25,935
25,974
25,867
26,019

18,525
16,553
19,769
16,466
16,474

2,270
2,297
2,310
2,395
2,442

13,384
13,143
13,726
14,253
13,633

3,836
3,652
4,117
3,657
3,620

202
213
209
201
191

7,478
7,620
7,552
7,507
7,591

224,472 Mar.
221,234
227,961
223,253
224,133

16
23
30

24,014
23,974
24,357
24,136

3,526
3,522
3,793
3,528

510
509
506
509

3,186
3,111
3,132
3,166

10,339
10,326
10,359
10,365

6,453
6,506
6,567
6,568

26,124
26,074
26,661
26,753

18,799
19,126
18,400
17,726

2,223
2,520
2,445
2,469

14,293
13,894
14,176
14,142

3,824
3,969
3,801
4,133

201
199
203
195

7,440
7,405
7,361
7,274

227,032 Apr.
227,279
228,373
227,944

24,037
24,025
23,152
22,808

3,416
3,450
3,122
2,764

529
527
584
576

3,151
3,152
2,667
2,762

10,357
10,327
10,184
10,182

6,584
6,569
6,595
6,524

26,708
26,691
26,662
27,131

18,502
18,120
18,274
17,205

2,217
2,416
2,396
2,468

14,768
13,282
13,897
13,386

3,955
4,121
4,023
3,941

193
193
199
111

7,550
7,338
7,381
7,512

229,668 M*
227,921
227,663
226,620

18
25

22,953
22,469
22,805
22,238

2,900
2,422
2,666
2,072

566
558
575
577

2,722 10,228 6,537


2,732 10,223 6,534
3,014 9,956 6,594
3,109 9,903 6,577

26,981
27,289
27,046
27,049

19,861
36,644
21,029
40,826

2,371
2,361
2,388
2,472

12,980
13,722
13,649
14,643

4,456
4,043
4,292
4,120

182
196
194
189

7,745
7,650
7,488
7,523

231,584 June
225,365
233,137
232,296

15
22

^MHMM

1966

22,478 2,277

587 3,074

22,714
22,528
22,586
22,570

2,395
2,252
2,306
2,294

598
600
600
606

3,219
3,150
3,173
3,313

9,752
9,744
9,739
9,673

6,750
6,782
6,768
6,684

22,287
22,135
22,140
22,179
23,474

2,133
1,990
2,128
2,217
3,491

563
565
758
732
735

3,099
3,189
3,164
3,177
3,193

9,712
9,610
9,461
9,469
9,444

22,749
22,840
22,663
23,127

2,872
3,060
2,881
3,355

738
743
732
739

3,158
3,102
3,121
3,168

22,332
21,784
23,045
22,699

2,632
2,181
3,465
3,154

726
706
696
695

3,232
3,239
3,245
3,286

22,810
22,482
22,507
22,512
23,438

3,196
2,888
2,606
2,673
3,583

23,223
24,010
24,490
24,750

3,382
4,070
4,470
4,674

9,895 6,645

1,334

2,491 17,992 2,551

2,725
2,727
2,717
2,790

21,317
21,366
21,443
21,229

1,354
1,316
1,315
1,281

2,458
2,344
2,314
2,434

22,244
21,179
19,981
17,826

2,343
2,553
2,499
2,546

14,152
13,843
14,592
14,259

4,500
4,174
4,382
3,926

190
216
190
204

7,610
7,616
7,631
7,623

237,930
235,845
234,220
230,877

6,780
6,781
6,629
6,584
6,611

2,872
2,841
2,863
2,847
2,973

21,284
21,160
21,220
21,104
21,125

1,104
1,101
1,092
1,082
1,090

2,243
2,227
2,203
2,246
2,212

18,286
17,143
18,211
16,256
18,053

2,341
2,420
2,437
2,496
2,494

14,219
13,830
13,476
13,459
12,955

4,017
3,769
3,971
3,609
3,872

195
195
188
187
196

7,809
7,738
7,643
7,564
7,912

9,414
9,407
9,381
9,276

6,567
6,528
6,548
6,589

3,015
3,026
2,951
2,995

21,209
21,152
21,239
21,171

1,112
1,096
1,100
1,104

2,198
2,263
2,279
2,230

18,758
20,802
18,594
17,438

2,435
2,608
2,562
2,623

13,857
14,018
14,283
13,797

3,932
4,412
4,091
3,734

204
204
200
191

7,772
7,714
7^63
7,779

231,764 Aug.
229,572
230,289
227,024
231,181
231,326 Sep..
243,522
232,792
231,143

9,209
9,147
9,166
9,159

6,533
6,511
6,473
6,405

3,023
2,998
2,879
2,911

21,118
21,061
21,008
20,891

1,110
1,101
1,102
1,114

2,202
2,179
2,204
2,228

19,969
20,132
18,828
18,086

2,329
2,566
2,561
2,645

15,223
13,505
14,306
14,285

3,847
4,125
4,356
3,918

217
193
200
216

7,804
7,785
7,724
7,577

671
659
276
271
266

3,321 9,181 6,441


3,337 9,160 6,438
3,194 10,397 6,034
3,218 10,318 6,032
3,236 10,333 6,020

2,638
2,415
2,266
2,207
2,227

20,928
20,870
20,974
20,897
20,950

971
971
962
954
930

2,231
2,192
2,209
2,182
2,278

18,768
20,562
21,496
19,724
19,964

2,452
2,542
2,533
2,483
2,755

15,278
13,406
14,202
13,542
14,705

3,936
3,946
4,265
3,957
4,408

205
241
223
227
237

263
265
307
308

3,236
3,287
3,378
3,392

2,259
2,251
2,354
2,304

21,147
21,130
21,194
21,106

907
926
934
923

2,208
2,227
2,287
2,327

18,222
20,898
20,215
21,926

2,649
2,885
2,822
3,031

13,987
14,004
15,077
15,351

3,955
3,980
4,244
4,452

231
240
231
248

10,328
10,337
10,282
10,281

Digitized for FRASER


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

6,014
6,051
6,053
6,095

265

(6

20
27

il

29

199 7,700 232,985

2,651 21,307

13,976 4,033

July

6
20
27
3
10
17
24
31
(7

21
28
5
12
19
26

7,686
7,801
7,697
7,618
7,897

234,854 Oct.
232,349
233,392
230,609
232,562 Nov.
232,534
234,770
230,700
234,776

7,836
?! 877
7,846
7,850

230,973 Dec.
236,135
238,919
242,267

7
14
21
28

9
6
13
20
32

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Time deposits

Demand deposits

Total
demand
and
time
deposits

Date

Total

States
Individ- and
uals,
politpartner- ical
ships,
suband
divicorps.
sions

Domestic banks

U.S.
Government

Commercial

Mutual
savings

Individuals,
partne rships,
and c:orps.

Foreign

Governments,
etc.

Certified
and
Comofmerficers'
cial
banks checks

Total

Savings

Other

Mates
and
political
subdivisions

.^M
1966

US.
Government
^^B

5
12
19
26

197,295
193,720
193,481
190,633

111,851
108,074
107,613
104,352

80,693
80,931
79,987
78,330

5,857
5,178
5,357
5,318

3,784
1,694
2,224
2,621

14,000
13,282
13,005
11,605

750
729
633
552

778
. 768
830
742

1.364

K391
i;342
1,387

4,625
4,101
4,235
3,797

85,444
85,646
85,868
86,281

50,737
50,580
50,492
50,421

22,258
22,583
22,965
23,345

7,484
7,526
7,436
7,429

198
191
193
196

Feb.

2
9
16
23

192,261
188,563
191,618
190,939

106,308
102,301
105,316
104,436

78,172
75,538
76,922
76,334

6,020
5,502
5,363
5,341

3,364
2,593
4,170
3,672

11,951
11.969
12i298
12,133

623
607
572,
547

751
689
707
720

1,381
1,389
1,394
1,401

4,046
4,014
3,890
4,288

85,953
86,262
86,302
86,503

50,351
50,405
50,397
50,423

23.179
23i4M
23,491
23,704

7,359
7,351
7,361
7,361

189
186
180
177

Mar.

2
9
16
23
30

192,626
188,502
196,096
190,924
192,037

105,852
101,377
109,200
103,561
103,818

77,169
75,749
80,509
75,750
76,028

5,975
5,443
5,394
5,515
6,103

3,371
1,274
2,945
4,069
3,476

12,587
12,114
12,931
11,652
11,511

572
564
543
515
598

758
703
728
646
636

1,391
1,383
1,391
I370
,414

4,029
4,147
4,759
4,044
4,052

86,774
87,125
86,896
87,363
88,219

50,410
50,460
50,482
50,478
50,510

23,962
24,258
23,996
24.4661
25,146

7.400
7,412
7,414
7,433
7,547

176
174
183
186
182

195,149
195,319
195,629
196,850

106,784
106,832
106,938
107,790

77,926
80,784
80,888
79,009

5,598
5,488
5,785
5,946

2,177
840
971
4,260

12,963
12,674
12,116
11,799

707
642
597
576

650
674
774
616

,432
,443
,408
,451

5,331
4,287
4,399
4,133

88,365
88,487
88,691
89,060

49,695
49,213
48,849
48,711

26,210
26,673
26,806
27,110

7,400
7,564
7,841
7,929

179
176
178

Jan.

AP,

6
20
27

172

May

4
11
18
25

197,333
195,876
195,223
194,459

108,234
106,439
105,472
104,467

76,790
76,614
74,867
74,463

6,508
6,333
5,800
5,914

5,498
5,129
6,139
5,694

12,320
12,007
11,972
11,387

604
550
541
500

711
656
656
635

,465
,415
,411
,397

4,338
3.735
4;086
4,477

89,099
89,437
89,751
89,992

48,634
48,590
48,550
48,464

27,271
27,433
27,846
28,095

7,902
8,012
7,932!
7,055

168
163
10

June

1
g
15
22

199,361
192,529
199,933
198,367

109,353
102,323
110,786
108,834

77,467
74,897
82,528
77,485

6,528
6,041
5,898
5,676

5,029
2,366
1,994
6,178

12,686
12,278
12,675
12,166

557
561
537
522

722
661
707

643

,464
,436
,414
,393

4,900
4,083
5,033
4,771

90,008
90,206
89,147
89,533

48,426
48,391
48,339
48,319

28,272
28,591
27,708
28,081

7,898
7,816
7,700
7,746

157
158
156
158

29

199,083 108,900

75,832

6,162

7,764

11,857

671

778

1,493

4,338

90,183

48,412

28,688

7,692

171

July

6
13
20
27

204,532
200,916
200,528
195,924

114,179
110,072
109,535
104,989

77,943
78,348
77,873
76,382

5,938
5,376
5,428
5,555

7,851
5,422
5,609
4,434

14,006
13,041
12,772
11,617

816
747
604
552

772
716
762
644

1,502
1,408
1,485
1,468

5,351
5,014
5,002
4,337

90,353
90,844
90,993
90,935

48,047
47,683
47,561
47,443

29,302
30.080
30,382
30,551

7,638
7,742
7,753
7,769

178
174
174
157

Aug.

3
10
17
24
31

196,533
194,130
194,926
191,161
195,763

105,509
102,966
103,486
99,660
104,509

75,914
74,548
76,993
73,882
76,597

5,986
5,607
5,415
5,440
5,738

4,310
3,678
2,445
2,462
3,177

12,266
12,246
12,346
11,426
12,058

596
547
538
497
518

670
635
698
680
677

,472
503
376
,385
,407

4,295
4,202
3,675
3,888
4,337

91,024
91,164
91,440
91,501
91,254

47,386 30,626
47,364 30,771
47,34i! 30,943
47,295' 31,047
47,228j 30,859

7,811
7,842
7,946.'
7,980
7,974

159
159
159

164

Sept.

7
14
21
28

195,333
198,422
196,808
195,091

104,251
107,531
106,357
104,712

76,342
80,947
77,949
76,125

5,462
5,218
5,224
5,696

2,217
1 375
3,848
4^12

13,248
13,401
12,624
11,710

563
536
503
541

636
591
586
725

,443
,424
,507
,421

4,340
4,039
4,116
3,982 1

91,082
90391
90,451
90,379

47,196
47,142
47,155
47,237

30,816 7,905
30,582) 8,001l!
30,373 7,851,
30,304 7,784

163
167
169
173

Oct.

5
12
19
26

198,089
195,810
196,908
194,729

108,033
105,894
107,776
105,562

77,065
78,181
78,638
77,184

5,899
5,267
5,160
5,553

4,244
2,058
4,328
3,491

13,251
13,544
12,886
11,947

701
670
590
563

648
635
834
676

,415
,453
,464
,467

4.810
4i086
3,876
4,681

90.056
89,916
89,132
89,167

47,192
47,085
47,014
47,022

30,147
30 102
29,513
29,441

7,696
71731
7,664
7,674

170
168
175

Nov.

2
9
16
23
30

196,127
194,674
196,337
192,903
197,200

107,392
105,995
108,039
104,561
108,817

77,517
76,449
80,344
77,222
79,359

6,614
5,757
5,742
5,711
6,300

3,460
2,318
1,473
2,037
2,779

12,692
13,719
13,383
12,465
13,077

657
613
594
498
506

745
685
703
654
747

,455
,369
,433
,421
,441

4,252
5,085
4,367
4.553
4J608

88,735
88,679
88,298
88,342
88,383

46,962 29.197 7,569


47,014 29,141 7,519
46,977! 28,854; 7,444
46,972 28,907; 7,527
46,924 28,944 7,625

156
166
167
170
165

Dec.

7
14
21
28

193,148
198,216
201,291
204,121

104,675
109,600
112,398
114,626

77,194
81,929
82 332
82,985

5,762
5,895
5,908
6,127

1,733
1,000
3,517
3,879

13,001
12,934
13,383
13,838

560
512
504
581

705
675
687
738

,382
,399
471
ISS?

4,338
5,256
4,596
4,921,

88,473
88.616
38;S93
89,495

46,9343 28,881; 7,691


46,872 28,751 7,955
46,885 28,769 8,135
47,099 28,979 8,293

159
153
159
155

Digitized for FRASER


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

266

159

163

161

WEEKLY REPORTING BANKS


LIABILITIES^-Continued
WEEKLY, 1965-70^Continued
of dollars)
Time deposits (cont.)
Domestic
banks

Commercial

Mutual
savings

Governments,
etc.

Memoranda

Borrowings

Foreign

Commercial
banks

Other
liabilities
From
F,R,
Banks

Capital
ccounts

Other

Total
liabilTotal
Large negotiable time CD's
included in time deposits
Total
ities
loans
and
(net), Demand
loans
(net), adjusted, deposits
capital
Issued
ccounts id jus ted
and
adjusted
Issued
to
Total
investissued
others
toIPC's
ments

Date

1966
401
415
428
443

159
162
172
188

3,979
3,954
3,949
4,023

228
235
233
236

567
66
17
827

447
454
456
457

202
206
203
204

3,992
3,980
3,986
3,950

234
229
228
227

449
453
454
450
454

199
200
204
216
204

3,948
3,937
3,936
3,904
3,946

480
476
478
476

192
198
189
174

460
493
497
495

75,499
74,367
74,465
73,971

16,093
16,201
16,293
16,613

Jan.

5
12
19
26

176,666
174,595
175,771
175,283

74,332
71,491
70,460
70,107

16,479
16,657
16,573
16,700

Feb.

2
9
16
23

125,691
124,711
127,417
126,653
127,207

176,375
174,576
177,484
175,935
176,915

71,369
71,436
73,555
71,374
75,357

16,843
17,006
16,577
16,939
17,409

Mar.

2
9
16
23
30

227,032
227,279
228,373
227,944

127,262
127,375
128,593
128,357

177,400
177,423
179,611
179,246

72,845
74, 192
75,451
74,005

17,445
17,514
17,579
17,700

Apr.

18,694
18,678
18,654
18,644

229,668
227,921
227,663
226,620

129,152
128,825
129,145
128,895

179,897
179,541
178,959
178,834

71,914
71,183
69,087
70,181

17,618
17,764
17,964
18,046

May

8,731
8,870
8,890
8,983

18,726
18,735
18,695
18,698

231,584
225,365
233,137
232,296

130,610
128,879
131,198
132,361

180,544
178,637
181,049
181,648

71,777
71,035
75,088
71,664

17,982
18,013
17,382
17,599

June

5,806

8,925

18,717 232,985 132,935 183,196

71,287

18,303

13,053

5,250

29

5,548
6,803
5,350
5,593

8,948
9,064
9,443
9,793

18,812
18,802
18,766
18,789

237,930
235,845
234,220
230,877

133,389
132,400
132,098
131,529

183,597
182,681
182,473
181,833

70,078
70,430
71,173
71,112

18,187
18,375
18,305
18,294

13,079
13,234
13,142
13,184

5,108 July
5,141
5,163
5,110

20
27

801
361
162
603
180

5,762 9,772
6,349 9,825
6,242 10,072
6,290 10,089
5,966 10,279

18,896
18,907
18,887
18,88
18,993

231,764
229,572
230,289
227,024
231,181

132,373
131,848
131,630
130,727
131,236

182,163
181,312
181,148
180,185
182,110

70,647
69,899
70,484
69,516
71,221

18,271
18,414
18,588
18,335
18,194

13,117
13,107
13,192
12,927
12,814

5,154
5,307
5,396
5,408
5,380

244
230
230
220

525
123
769
833

6,083
6,247
5,511
5,471

10,405
10,793
10,777
10,793

18,980
18,937
18,927
18,955

231,326
234,522
232,792
231,143

131,058
131,388
132,677
132,012

181,341
181,765
182,909
182,639

70,028
71,953
71,291
71,052

18,014
17,709
17,217
16,996

12,630
12,278
11,977
11,804

5,384 Sept.
5,431
5,240
5,192

21
28

4,018
4,005
3,952
4,063

222
223
229
234

614
355
722
451

6,549
6,309
6,003
5,713

10,566
10,823
10,748
10,699

19,036
19,052
19,01
19,017

234,854
232,349
233,392
230,609

132,508
131,941
132,506
131,058

182,293
181,064
182,294
180,901

70,569
70,160
71,734
72,038

16,700
16,645
15,963
15,918

11,525
11,440
10,833
10,773

5,175 Oct.
5,205
5,130
5,145

5
12
19
26

10
10
102
10
10

4,098
4,095
4,114
4,054
4,032

216
213
217
228
212

711
441
443
250
325

5,760
6,782
6,920
6,784
6,693

10,825
11,479
11,967
11,69
11,359

19,139
19,15
19,10
19,070
19,19

232,562
232,534
234,770
230,700
234,77

131,986
131,636
131,894
131,024
131,551

181,564
180,566
180,812
179,776
181,374

72,472
69,396
71,687
70,335
72,997

15,738
15,748
15,563
15,528
15,498

10,621
10,609
10,467
10,503
10,508

5,117 Nov.
5,139
5,096
5,025
4,990

16
23
30

12
13
140
12

4,10
4,180
4,21
4,23

208
20
20
209

218
245
218
89

6,700
6,739
6,602
6,77

11,727
11,79
11,68
11,34

19,180
19,14
19,12
19,13

230,97
236,13
238,919
242,26

131,140
132,270
133,959
134,571

180,884
182,814
185,218
185,98

71,719
74,768
75,283
74,983

15,511
15,424
15,453
15,659

10,460
10,274
10,171
10,345

5,051 Dec.
5,150
5,282
5,314

7
14
21
28

5,672
5,915
4,512
4,769

7,434
7,570
8,002
7,964

18,339
18,348
18,314
18,328

229,307
225,619
224,326
222,521

125,597
125,048
124,438
123,796

178,163
176,954
177,086
176,040

490
318
585
534

4,838
4,907
4,584
5,507

8,066
8,242
8,335
8,505

18,411
18,430
18,388
18,378

224,066
220,460
223,510
223,863

124,665
123,482
124,599
124,433

230
231
227
230
230

483
347
15
530
388

4,416
5,238
4,745
4,702
4,942

8,492
8,698
8,694
8,685
8,334

18,455
18,449
18,411
18,412
18,432

224,472
221,234
227,961
223,253
224,133

3,974
3,952
4,119
4,246

235
235
231
242

593
145
1,440
52

4,776
4,997
4,395
4,112

7,916
8,226
8,351
8,351

18,598
18,592
18,558
18,579

172
172
175
173

4,261
4,331
4,338
4,403

231
243
253
248

721
54
646
173

4,609
4,865
4,471
4,485

8,311
4,488
8,669
8,859

487
484
486
491

170
170
171
170

4,349
4,436
4,338
4,318

249
250
249
250

158
720
565
620

4,608
4,511
5,054
5,628

485

161

4,346

227

454

499
496
500
507

158
154
152
147

4,303
4,285
4,247
4,127

228
230
224
234

90
260
133
778

512
512
503
489
484

151
148
166
170
171

4,144
4,135
4,124
4,098
4,103

235
233
258
259
271

488
480
453
459

171
180
183
174

4,099
4,109
4,037
4,028

449
442
437
444

162
160
148
128

432
430
423
38
37
37
369
389
399

Digitized for FRASER


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

267

6
20
27

4
18
25

1
15
22

Aug.

i3
17
24
30

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Loans
!

For purchasing
or carrying securities
Total
loans
and
investments
(net)

Date

i;

Total
(net)

Commercial
and
industrial

To brokers
and dealers

Atin -

To
others

To
i
nonbank
financial
institutions

Real
: estate

1
i PerT
'
:
:
U.S. il Other ;> j Other sonal
finvt.
and
I Govt
" - f
SC - - |i
SCse
se
~
euri
curi- sales ! Other ,|
curi
il
- ties cun - ties finance
1
ties
ties i!
COS.,
VJ

Vl

|l

!'

1967

Coii"

Do- I:
mes- ;1 ! Foreign
'! tic-

! etc. !

[I

!;

1
!

fl

cul- 1
t ura I

i!

To cornme rcial
ba nks

Forinstal- ein
govts.
nUJtlt

Memo:
valuation
ofter
reserves
All

Jan.

4
11
in
25

191,612
188,644
188,468
187,429

1 39 , 742
137,185
136,464
135,443

60,990
61,031
60,818
60,449

,821
,810
,815
,810

3,340
2,813
3,193
2,739

i
73 s
72:!!
68 !
70

2,lllj
2,072
2,067-1
2,055

6,734'
5,949,
5,679'!
5,665 ,

4,336
4,282:1
4.2Q2!1
4,160

27.460
27^43211
27 409 :
27,378

4,139 ::
3J194
3.303
3,201

Feb.

1
8
15
22

189,814
187,099
188,965
188,117

136,651
134,114
135,052
134,274

60,385
60,213
60,404
60,404

,817 2,302 2,966


,821 1,247 2,810!!
,823
979 2,992
,821 1,094 2,951

76
72
70
75

2,075 I
2,070 I
2,077
2,066

6,087
5,730
5,812
5,569|

4.193
4; 117
4,069
3,998

27,290 !
27,242
27,253
27,210

3,383 ,435
2,786 ,445.j
3,650 ,409
3,120 i ,450

Mar.

1
8
15
22
29

189,631
187,775
193,875
192,912
192,271

135,484
133,513
137,414
136,947
136,233

60,730
60,865
61,966
62,126
61,962

,822 1,699 2,950


,833
646 2,730
,837 ,810 3,164
,816 ,537 3,110
,824 ,467 3,017

76
64
64
68
68

2,074
2,063
2,063
2,063
2,090

5,883
5,491
6,127
5,960
5,590

4,059
3,979
4,007
4,019
4,022

27,168
27,124
27,147
27,148
27,131

Apr.

5
12
19
26

192,893
191,803
193,806
192,720

137,026
135,678
137,133
136,693

61,897
61,795
62,441
62,345

,839
,854
,856
,857

3,421
3,221
3,441
3,210

66
66
64
68

2,101
2,113
2,116
2,150

5,617
5,468
5,703
5,632

4,059
4,053
4,110
4,176

27,081
27,094
27,111
27,139

3,134 ; ,401 15,796 ,102 10,553 2,963


2,993 ,398 1 5 , 739 .103 10,445; 2,960
3,393 ,441 1 5, 751 ! .085 10,529 2,970
3,293 ,401 15,716 ,097 10,562 2 , 969
3,206 ,395 15,761 ,082 10,584 2,966
3,403 ,389 1 5 , 750 ,091 10,611 2,972
2 , 720 ,374 1 5 . 768 ,088 10,571 ' 2,966
2,963 ,3761 i5|784 ,080 10,679 2,966
3,050 ,353j 1 5 ;?99 ,093 10,607 2,961

May

3
10
17
24
31

193,499
192,057
192,241
191,642
192,893

137,466
135,977
136,365
135,826
136,623

62,648
62, 185
62,261
62,042
61,836

,872 1,333 3,355


,870
939 3,284
,878 1,008 3,219
,879
903 3,005
,884
924 3,151

66
68
67
65
68

2,147
2,135
2,151
2,149
2,159

5,621
5,402
5,400
5,225
5,548

4,102
4,060
4,098
4,035
4,086

27,087
27 , 1 52
27,233
27,263
27,295

3,229
2,855
3,006
3,253
3,517

,336
,349
,339
,358
,398

15,819 ,085
15,837 ,082
1 5 , 849 J079I
15,860 ]070
15,901 i ,055

10,727|
10,717
10,733
10,674
10,754

2,961
2,958
2,956
2,955
2,953

June

7
14
21
28

192,653
194,485
196,807
195,720

136,045
137,560
139,721
139,937

61,478
62 , 379
63,850
63 , 769

969 3,173
,889
,900 1,339 3,086
,912
801 3,389
,881
528 3,285

68
68 i
69
70:

2,204
2,187
2,195
2,167

5,302
5,412
5,945
5,859 ; ,

4,093
4.204
4', 294
4,410 ; ,

27,331
27,422
27.496
27^547

3,366
3,239
3,296
3,895

,407
,426
,357
,338

15,919
1 5 , 959
16,003
16,061

July

5
12
19
26

196,926
198,301
198,152
197,797

140,782
1 39 , 60 1
139,732
139,669

64,038
63 , 808
63,803
63,666

,932
511 3,335
,896
840 3,223
,902 1,014 3,282
832 3,363:
,906

77
77
77
76

2,158
2,173
2,187
2,197

6,124
5,675]
5,47S!j
5,399!

4,422
4,424!
4,424
4,330

27,519
27.635
27^729
27,780

3,969
3,259
3,242
3,544

,359
,383
,401
,336

Aug.

2
9
16
23
30

198,896
197,140
197,800
196,895
198,441

140,628
1 39 , 448
140,020
139,075
139,120

63,419 ,916 1,351 3,833


62,868 ,913 ,243 3,822
63,029 ,907 ,228 3,588
62,554 ,905 ,031 3,490
62,189 ,899 ,389 3,296

75
72.1
72
75
77

2,195
2,234
2,232
2,253
2,262

5,576' 4,330:
5,312 4,356;
5,354 4,327j
5,153 4 , 310:
5 , l l l j 4,384

27,797
27,854
27.979
28,043
28,094

3,358
3,083
3,576
3 , 540
3,632

,328
,335
,309
,323
,332

Sept.

6
13
20
27

198,839
199,083
201,313
201,365

139,352
139,370
141,396
141,648

62,238
62,285
63,149
63,372

,907!;
,898
,893i
,888

,057!
,296
,422
,279,

3,533!
3,542
3,719
3,535

77
73!
77S
96

2,271 5,323 ! 4,393 28.107 3,557


2,281 5,265 4,421- 28^292 3,242
2,308 5,529 4,566" 28,286 3,471
2,337 5,614 4,571:! 28,337 3,639

Oct.

4
11
18
25

202,046
203,372
203,312
202 , 748

142,325
141,427
141,462
141,117

63,569
63,385
63,296
63,083

,885
,875
,881
,885

,056
,058
990
,312

3,746
3,805
3,532
3,358

74!
76!:
75
77

2,431
2,446
2,434
2,423

5,785
5,623;|
5,562
5,378

4,456
4,429
4,472
4,440

28,342
28,393
28,446
28,480:

3,911
3,367!
3,774
3,670;

,199
,350
,348
,383

16,171
16,169
16,157
16,157

,138 11,243. 2,958


H8 11,235;. 2,959
!m I K 330 2,960
J26 I M I 2 | 2 , 959
,136 11,339: 2,975
H3 11,291: 2,973
,134 11,331; 2,970
,127 11,314 2,970

Nov.

1
8
15
22
29

204,586
202,617
204,426
203,372
203,199

142,909
141,432
142,413
142,157
141,714

63,401
63 , 527
63,857
63,885
63,733

,902 ,365 3,841


,903 ,035 3,524
,906 1,195 3,550
918 3,437
,901
899 3,397
,899

78
77
81
78
79

2,507
2,494
2,479|
2,466
2,442

6,017
5,488
5,526
5,274
5,355

4,411
4,413
4,424
4,424
4,418*

28,531
28,576
28,6921
28 , 73 1 1
2S;?54

3,692:
3,301
3,471;
3,864
3,501

,337,
,359
,400
, 379
,388

16,196
16,174
16,179
16,173
16,185

,118'
,116
J23.
,098
JOS

11,485
11,414
11,497
11,494
11,519

2,972
2,969
2,967
2,965
2,960

Dec.

6
13
20
27

204,679
205,331
208,644
209,147

143,181
143,751
146,878
147,403

64,108
64,119
65,536
65,818

,906
,918
,929
,934

3,567
3,711
4,284
4,307

81
83
90
90

2,460
2,451
2,458
2,464

5,347
5,682
6,186
6,448

4,439
4,429
4,473
4,479

28,738
28,815
28,892
28,900

4,243
4,160
4,309
4,324

,400
,401
,421
,434

16,189
16,227
16,244!
16,274!

,115
,120
,096'
,090!

11, 593
Mi645i
11,963!
12,006:

2,962
2,959
2,947
2,940

^ Dec.

27

313

195

51

69

59

10

2,109
2,194
1,767
1,933

,673
,459
,375
,175

957
949
944
775

For ^ see end of table.

Digitized for FRASER


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

268

, 590
,541
,486
,475 1

.153
JS2
.1S7
;i23 ! !

10,881
10,694
10,595
10,512;

2,932
2,947
2,950
2,953

1 5 . 906 j37
15^44 J31
15,807 i H 7
15,791 i , 1 3 1

10,557
10,545
10,533
10,555

2,958
2,959
2,963
2,961

15,937:
15,896 !
15,855!
15,826 ;

10,787
10,874:
10,956
11,0011

2,957
2,955
2,950
2,944

16,066
16,082
16,103
16,077

,016
,020
, 1 08
,070
OaV
VOT
' O a5
;094

11,154
11,017
10,965
11,031

2,964
2,963
2,963
2,962

16, 108
16!096
16,096
16 108
16,153

MS;
:il5"
'090!
AS"
^129

11,175
t 1 , 1 10
1MH
lU27li:
11, 1 28 '

2,968
2,965
2,964
2,962
2,955

,330 16,136
,326 16,125
,336 16, n?
,342 16,159

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued
of dollars)

Investments
U.S. Government securities

Total

Bills

Other securities
Obligations
of States
and
political
subdiv.

Notes and bonds


maturing

Certificates

Within
lyr.

1 to
5 yrs.

After
5 yrs.

Tax
warrants

Cash
items
in
process
of
collection

Other bonds,
corp. stocks
and
securities

All
other

Ccrtif.
of
participation

Currency
and
coin

Balances
with^

Reserves
with
F.R.
Banks

Other
assets

Total
Assets

Date

Domes- Foreign
tic
banks banks

All
other

1967
25,200
24,728
25,002
24,879

5,067
4,536
4,639
4,533

318
317
329
330

3,416
3,441
3,489
3,490

10,335
10,304
10,411
10,403

25,758
25,326
25,926
25,622

5,174
4,648
4,521
4,228

338
343
339
347

3,575
3,592
2,985
3,019

25,629
25,183
27,185
26,705
26,770

4,241
3,830
5,797
5,211
5,221

330
301
307
310
301

26,078
26,106
25,920
25,320

4,618
4,530
4,243
3,601

25,326
25,164
24,982
24,813
25,398

6,064
6,130
6,134
6,123

2,296
2,300
2,502
2,542

21,046
21,114
21,146
21,078

899
922
920
996

2,429
2,395
2,434
2,491

22,913
20,072
21,099
17,975

2,775
2,835
2,726
2,680

14,934
13,924
14,657
15,047

4,597
4,126
4,179
3,900

213
221
209
198

8,011
7,709
7,660
7,641

245,055 Jan.
237,531
238,998
234,870

4
11
18
25

10,470
10,528
12,003
12,010

6,201
6,215
6,078
6,018

2,707
2,785
2,920
2,925

21,121
21,353
21,548
21,533

1,047
1,068
1,094
1,159

2,530
2,453
2,425
2,604

21,229
16,813
22,444
19,559

2,506
2,484
2,600
2,624

14,385
16,198
14,948
14,917

4,101
6,972
4,450
4,088

221
218
221
202

7,871
7,856
7,910
7,824

240,127 Feb.
234,640
241,538
237,331

1
8
15
22

3,013
2,993
3,025
3,069
3,086

12,109
12,109
12,127
12,157
12,235

5,936
5,950
5,929
5,958
5,927

3,059
3,297
3,336
3,325
3,358

21,723
22,087
22,279
22,287
22,304

1,168
1,156
1,174
1,174
1,163

2,568
2,539
2,487
2,474
2,443

20,855
18,360
21,955
18,754
17,537

2,521
2,479
2,535
2 S 545
2,718

14,395
15,573
14,799
15,250
14,441

4,471
3,859
4,318
3,867
3,976

207
207
261
215
215

8,028
7,981
7,856
7,85t
7,847

240,108 Mar.
236,234
245,599
24 t,394
239,00?

I
8
15
22
29

315
316
325
324

3,034
3,071
3,052
3,056

12,201
12,269
12,364
12,369

5,910
5,920
5,936
5,970

3,259
3,364
3,764
3,778

22,680
22,763
22,972
22,982

1,267
1,293
1,348
1,341

2,583
2,599
2,669
2,606

20,748
21,333
21,324
19,632

2,373
2,625
2,593
2,672

15,745
15,604
15,193
15,649

4,297
3,968
4,276
3,895

218
224
229
215

7,982
7,881
7,926
8,066

244,256 Apr.
243,438
245,347
242,849

5
12
19
26

3,571
3,470
3,181
3,003
3,577

309
309
287
282
277

3,095
3,103
2,813
2,737
2,815

12,415
12,414
12,823
12,973
12,919

5,936
5,868
5,878
5,818
5,810

3,605
3,544
3,495
3,484
3,511

23,054
23,227
23,296
23,322
23,445

1,350
1,439
1,400
1,429
1,241

2,698
2,706
2,703
2,768
2,675

19,894
18,228
20,456
18,883
22,515

2,423
2,556
2,547
2,660
2,606

15,559
14,631
14,637
14,399
15,405

4,156
4,002
4,218
3,738
4,095

207
229
216
229
217

8,254
8,215
8,094
8,105
8,487

243,992 May
239,918
242,409
239,656
246,218

3
10
17
24
31

25,201
25 t 4ll
25,279
24,126

3,426
3,602
3,595
2,541

251
245
252
251

2,884
2,937
2,816
2,825

12,842
12,830
12,955
12,908

5,798
5,797
5,661
5,601

3,601
3,529
3,633
3,565

23,848
23,997
24,189
24,166

1,221
1,227
1,212
1,221

2,737
2,761
2,773
2,705

18,664
22,526
20,800
20,425

2,523
2,655
2,679
2,758

14,974
14,805
15,569
14,739

4,066
4,146
4,016
4,078

214
222
222
203

8,341
8,256
8,260 ,
8,519

241,435 June
247,095
248,353
246,442

7
14
21
28

24,348
26,780
26,574
26,169

2,870
5,383
5,239
4,882

241
237
237
221

2,813
2,823
2,844
2,800

12,882
12,842
12,753
12,792

5,542
5,495
5,501
5,474

3,604
3,660
3,635
3,647

24,155
24,277
24,199
24,179

1,280
1,277
1,273
1,321

2,757
2,706
2,739
2,812

25,689
21,775
21,642
21,003

2,472
2,759
2,716
2,726

15,787
14,845
14,779
15,590

4,549
4,226
4,265
4,075

238
214
206
212

8,609
8,366
8,270
8,445

254,270 July
250,486
250,030
249,848

5
12
19
26

26,004
25,458
25,628
25,581
26,903

4,738
4,243
4,197
4,174
4,624

225
220
12
6
5

2,810
2,766
3,275
3,434
3,524

12,750
12,772
13,007
12,860
13,639

5,481
5,457
5,137
5,107
5,111

3,713
3,784
3,842
3,830
4,069

24,435
24,378
24,268
24,374
24,264

1,274
1,260
1,270
1,281
1,308

2,842
2,812
2,772
2,754
2,777

21,208
19,900
21,125
19,485
19,400

2,584
2,591
2,624
2,698
2,786

15,327
15,232
15,133
14,805
14,343

4,216
3,927
4,098
3,726
3,837

209
216
219
220
239

8,651
8,603
8,476
8,521
8,582

251,091 Aug.
247,609
249,475
246,350
247,628

2
9
16
23
30

26,822
27,138
27,423
27,043

4,676
5,039
5,278
5,065

5 3,534 13,475
5 3,531 13,422
3,531 13,811
3,541 13,706

5,132
5,141
4,803
4,731

4,272
4,223
4,304
4,387

24,379
24,422
24,285
24,341

1,285
1,252
1,260
1,277

2,729
2,678
2,645
2,669

22,385
22,124
21,713
20,449

2,565
2,809
2,722
2,807

16,111
14,965
15,282
15,521

4,229
4,141
4,168
3,842

200
203
227
241

8,717
8,631
8,504
8,695

253,046 Sept.
251,956
253,929
252,920

6
13
20
27

26,835
29,114
28 , 849
28,658

5,056
7,319
7,070
6,877

3,402
3,395
3,387
3,381

13,716
13'759
13 763
13,759

4 661
4,641
4,629
4,641

4,518
4,444
4,433
4,312

24,457
24,507
24,650
24,643

1,293
1,292
1,366
1,474

2,618
2*588
2,552
2,544

23 108
22,529
23,006
20,047

2 472
2,680
2,742
2,816

16,140
15,747
15,811
15,617

4,185
3,847
4,106
3,948

244
220
208
261

8,889
8,586
8,501
8,560

257,084 Oct.
256,981
257,686
253,997

4
11
18
25

28,915
28,488
29,053
28,212
28,400

7,073
6,608
6,252
5,738
5,964

3,452
3,522
3,716
3,721
3,680

13,744
13 708
14^059
13,876
13,869

4,646
4,650
5,026
4,877
4,887

4,037
3,855
3,977
3,862
3,945

24,652
24,778
24,886
25,013
25,023

1,475
1,502
1,560
1,592
1,554

2 598
2,562
2,537
2 536
2,563

23,451
23,339
24,430
22,375
20,630

2,649
2,667
2,711
2,643
3,020

15,917
15,531
15,049
15,880
15,310

4,156
4,006
4,147
4,033
3,902

301
251
236
220
231

8,762
8,718
8,632
8,687
8,700

259,822 Nov.
257,129
259,631
257,210
254,992

1
8
15
22
29

28,206
27,991
28,173
28,250

5,809
5,580
5,819
5,906

3,817
3,863
4,026
4,036

13,700
13,728
13,818
13,831

4,880
4,820
4,510
4,477

4,044
4,168
4,083
4,085

25,103
25,247
25,332
25,285

1,553
1,552
1,557
1,509

2,592
2,622
2,621
2,615

23,485
23,695
23,777
26,304

2,795
3,076
2,990
3,289

15,071
15,774
16,216
16,699

4,355
4,245
4,326
4,441

228
229
217
249

8,989
9,144
9,151
9,050

259,602 Dec.
261 ,494
265,321
269,179

6
13
20
27

71

14

14

40

33

10

17

11

Dec.

27

Digitized for FRASER


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

269

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions

Demand deposits
Total
demand
and
time
deposits

Date

i ota i

Trtt 1 1

Individuals,
partnerships,
and
corps.

States
and
politifii
ICiH
subdivisions

Time deposits

Domestic banks

U.S.
Government

Commercial

Mut-

ual
savings

Foreign
vjuv-

ernments,
etc.

Commercial
banks

Certified
and
of-

Total

ficers'

checks

Individuals,
partnerships,
and corps.

States
nf>
Ulltl

Savings

Other

political
sub*
divisions

U.S.
Government

^^^l

1967
Jan.

4
11
18
25

207,333
200,188
202,182
198,738

117,181
109,359
110,622
106,193

84,444
80,796
80,833
78,000

6,293
5,575
5,572
5,485

3,779
1,850
2 S 603 !
3,395

14,839 1
13.578!
ISllllI
12,089

748
760
599,:
553 '

748 j
686
762
668

.507
i437
,439
,440

4,823
4,677
5,703
4,563

90,152
90,829
91,560
92,545

47,105
46,729
46,556
46,520

29,606
30,498
31,329
32,119 !

8,330
8,444;
H.362 '
8J480

180
179
173
175

Feb.

1
8
15
22

204,753
198,649
204,429
200,448

111,768
105,125
110,771
106,462

79,215
76,066
80,218
76,759

6,771
5.919
5,941
5,540

3,355
3,539
2,919
4,450

13,481
12,205
13,640
12,697

597
578
610
551

720
667
710
686

,418
,455
,424
,456

6.211
4i696
5,309
4,233

92,985
93,524
93,658
93,986

46,549
46,466
46,506
46,574

32,425
32,762
32,889
33,013

8,538
8,701
8,665
8,817

168
159
168
167

Mar.

1
B
15
22
29

203,875
199,132
208,785
204,571
202,725

109,635
104,096
113,579
108,871
106,592

79,254 6,310
76,224, 5.656
83,427 5,628
78,076 5,463
77,469 5,937

2,944
1,963
2,900
5,376
3,752

13,236
12,804
13,207
12,577
12,462

545
580
558
524
559

669
641
673
666
637

,433
,400
,412
,385
,400

5,244
4,82S
5,774
4,804
4,376

94,240
95,036
95,206
95,700
96,133

46,609
46,721
46,806
46,907
47,098

33,024
33,503
33,528
33,780
34,039

9,011
9,140
9,191
9,266
9,247

177
175
181
184
188

Apr.

5
12
19
26

206,788
206,690
208,684
206,416

110,561
110,307
112,536
109,992

79,428
80,987
80,118
78,897

5,684
5,583
5,392
5,629

2,930
2,026
5,143
5,200

14,065
13,387
13,582
12,584

761
655
591
593

668
658
767
731

,432
,148
,407
\422

5,593 96,227
5,593 ! 96,383
5:536 96,148
4,936 96,424

47,090
46,965
46,845
46,868,

34.133 9,227
34; 230 9,347
33,798 9,681
33,809,! 9,879

176
180
165
177

May

3
10
17
24
31

207,024
203,746
205,454
202,828
209,324

110,455
106,958
108,357
105,339
111,495

77,831
75,991
78,316
75,924
79,782

6,229
5,708
5,654
5,573
6,249

6,150
5,214
4.173
3; 747,i
2,705

12.927
12^665
13.0071
1 2^081
13,490

610
582
591
542
575!;

756
764
710
689
733

,435
,370
,404
,389
,528

4,517
4,664
4,502
5,394
6,433:!

96,569
96,788
97,097
97,489
97,829

46,970] 33,769
47,0661 33, 90S
47,122! 34,160
47,213 34,452
47,285 34,706;

9,981
9,972
9,954
9,938
9,920

177
H)3
191
191
188

June

7
14
21
28

203,954
209,542
210,248
208,249

105,645
111,069
111,932
109,402

77,318
82,782
80,526
79,244

5.732J
5,386
5,454
5,919

1,923
996
5,698
3,103

13,150
13,322
12,775
12,700

622:
577
544
597

785
634 j
640
708

.51?'
.603
,577
,482

4.603
5.769
4,718
5,649

98.309
98,473
98.316
98,847

47,396;
47,429
47,532
47,738

35.004
35,080
34,811'
35,117

9,869
9,815
9,703
9,665

197
199
197
193

July

5
12
19
26

216,665
212,610
212,718
212,087

117,895
113,188
112,939
111,887

81,919
81,376
80,857
80,632

6,085
5,334
5,221
5,344

3,854
4,747
4,848
4,385

15,291
13,554
13,622
12,918

783
717
637
587

699
720
686
689

,563
,555
,602
,529

7,701 98,770
5,185 99,422
5,466 99,779
5,803 100,200

47,848
47,791
47,822
47,817

35,095
35,773
35,975
36,206

9,480
9,547
9,582
9,705

193
200
198
203

Aug.

2
9
16
23
30

213,191
209,538
210,884
208,194
209,513

112,460
108,457
109,725
106,678
107,686

81,031
78,410
81,127
78,502
79,157

6,089
5,565
5,351
5,102
5,503

3,458
2,789
2,134
2,479
2,322

13,445
13,170
13,603
12,793
12,643

638
611
594
558
548|

663
642
635
607
gig

,581
,556
,542
,511
,510

5,555 100,731
5,714 101,081
4,739 101,159
5,126; 101,516
5,387; 101,827

47,836
47,899
47,908,
47,93l!
47,957

36,604
36,871
36,945
37,247
37,449

9,718,
9,751'
9,738
9,743
9,841

200
194
196
196
195

Sept,

6
13
20
27

214,607
213,320
215,331
214,702

112,759
111,521
113,917
113,043

81,557
83,826
82,569
81,444

5,533
5.110
5,171
5,665

2,415
1,035
5,061
5,353

14,468
13,812
13,430
12,846

607
585.1
559j
603

637
617f
667
675j

,503 6,039 101,848


.554! 4,982i 101,799
,556 4,904: 101,414
,505 4,952 101,659

48,002
48,027
48,109
48,349]

37,439
37,406|
37.087
37^74

194
195
191
192

Oct.

4
11
18
25

217,975
218,511
218,852
215,916

116,106
116,442
116,915
113,743

82,636
83,073
84,016
82,193

6,020
5,612
5,284
5,320

3,993
5,382
5,210
5J57

14.366
14'036
13.679
12,870

731
677
629J
634

676!
672:
834;
668

,561
,487
,530
,568

6.123
5303
5,733
5,333

101,869
102,069
101,937
102,173

48,39l! 37,514
48,414' 37,741
48,409: 37,687
48,428^ 37,804

9,813
9,761
9,611!
9,542
i
9,409
9,383
9,397
9,404

Nov

1
8
15
22
29

220,814
217,820
220,301
216,650
216,390

118,625
115,451
117,981
113,861
113,421

84,808
82,030
85.383
83;658
83,521

6,683
5,957
6,088
5,607
5,607

4,031
3,333
3,516
3,649
3,368

13,960
14,666
14,204
13,455
12,774

746
671
596
541
532

738
726
691
633
786

.639
,577
536
,541
,557;

6,020
6.491
5,967
4,777
5,276

102,189
102,369
102,320
102,789
102,969

48,438
48,501
48,489
48,527
48,533

37,949
38.096
38,171
38,530
38,788

9.372
9,345
9,270
9,302
9,297

190
189
190
187
186

Dec.

6
13
20
27

218,856
220,604
224,628
228,371

115,829
117,393
122,123
125,562

83,800
87,331
88,304
90,370

5,872
5,793
5,833
5,994

2,091
1,494
5,559
4,965

14,646
13,916
14,053
14,841

595
561
547
609

711
700
698
808

,555
,573
,683
,793

6,559
6,025
5,446
6,182

103,027
103,211
102,505
102,809

48,505
48,442
48,437
48,647;

38,847
38,905
38,264
38,324

9,326
9,504
9,497
9,596

180
179
181
182

^Dec.

27

322

140

123

11

182

114

38

10

For > see end of table.

Digitized for FRASER


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

270

194
193
189
192

WEEKLY REPORTING BANKS


LIABILITIES-Continued
WEEKLY, 1965-70Continued
of dollars)
Time deposits (cont.)
Domestic
banks

Memoranda

Borrowings

Foreign

Total
liabilLarge negotiable time CD's
Total
ities
included in time deposits
Total
loans
Gov- Com- From
and
Com- Mutloans
(net), Demand
merual
erncapital
mer(net), adjusted, deposits
F.R.
Other
sav- ments,
cial
accounts adjusted
cial
adjusted
Banks
Issued
and
__
Issued
ings ___
banks
etc.
Total
to
investissued to IPC's others
ments
-WMM ^^^MM i^^MOT
^^w ^^^^
m^^^^m ^^^^w ^MMMW
l^MMMM
MHMK^^^
Other
liabil- Capital
ities accounts

Date

WMMOMM^^

1967
374
380
405
421

130
176
256
294

4,222
4,221
4,289
4,341

205
202
190
195

126
384
288
352

7,691
6,785
6,644
5,977

10,686
10,922
10,666
10,578

19,219
19,252
19,218
19,225

245,055
237,531
238,998
234,870

135,603
133,991
133,161
132,242

187,473
185,450
185,165
184,228

75,650
73,859
73,809
72,734

16,010
16,455
17,034
17,856

10,722
10,971
11,468
12,113

450
460
445
429

313
334
337
345

4,428
4,434
4,444
4,436

204
208
204
205

2
783
273
333

5,673
5,289
6,470
5,895

10,363
10,588
10,985
11,275

19,336
19,331
19,381
19,380

240,127
234,640
241,538
237,331

133,268
131,328
131,402
131,154

186,341 73,703
184,313 72,568
185,135 . 71,768
184,997 69,756

18,128
18,507
18,491
18,551

12,221
12,381
12,364
12,329

439
482
477
496
514

359
381
408
429
430

4,423
4,431
4,419
4,439
4,416

198
203
196
199
201

45
279
229
89
2

5,635
6,107
6,235
6,307
5,913

11,086
11,187
10,868
10,950
10,850

19,467
19,529
19,482
19,477
19,515

240,108
236,234
245,599
241,394
239,005

132,350
130,520
134,021
133,654
133,027

186,497
184,782
190,482
189,619
189,065

72,600
70,969
75,517
72,164
72,841

18,517
18,994
18,901
19,119
19,299

12,227
12,478
12,340
12,447
12,554

514
529
528
522

431
442
429
429

4,451
4,495
4,505
4,546

205
195
197
194

506
874
171
431

6,860
5,937
6,209
5,817

10,484
10,308
10,686
10,542

19,618
19,629
19,597
19,643

244,256
243,438
245,347
242,849

133,623
132,958
134,170
133,643

189,490
189,083
190,843
189,670

72,818
73,561
72,487
72,576

19,214
19,146
18,619
18,583

12,461
12,402
11,907
11,811

512
505
488
528
526

426
425
438
445
452

4,537
4,531
4,556
4,534
4,563

197
188
188
188
189

110
13
127
347

6,422
5,986
6,183
6 042
6,234

10,680
10,440
10,917
11,074
10,480

19,756
19,733
19,728
19,712
19,833

243,992
239,918
242,409
239,656
246,218

134,237
133,122
133,359
132,573
133,106

190,270
189,202
189,235
188,389
189,376

71,484
70,851
70,721
70,628
72,785

18,608
18,592
18,723
18,972
19,062

11,915
11,873
11,948
12 097
12,181

556
572
580
593

470
482
485
472

4,639
4,716
4,831
4,890

178
180
177
179

36
35
381
65

6,660
6,803
6,793
7,187

10,964
10,938
11,170
11,128

19,821
19,777
19,761
19,813

241,435
247,095
248,353
246,442

132,679
134,321
136,425
136,042

189,287
191,246
193,511
191,825

71,908
74,225
72,659
73,174

19,275
19,280
18,934
19,135

12,281
12,215
11,851
12,005

584
567
590
629

445
449
457
457

4,939
4,890
4,953
4,975

186
205
202
208

23
39
18
78

6,917
7,021
6,319
6,417

10,766
10,933
11,119
11,401

19,889
19,883
19,856
19,865

254,270
250,486
250,030
249,848

136,813
136,342
136,490
136,125

192,957
195,042
194,910
194,253

73,061
73,112
72,827
73,581

18,935
19,427
19,517
19,688

11,927
12,364
12,449
12,541

637
641
640
647
638

457
458
465
465
461

5,062
5,042
5,032
5,033
5,024

217
225
235
254
262

475
214
214
20
14

6,216
6,199
6,396
6,026
5,994

11,189
11,617
11,989
12,123
12,094

20,020
20,041
19,992
19,987
20,013

251,091
247,609
249,475
246,350
247,628

137,270
136,365
136,444
135,535
135,488

195,538
194,057
194,224
193,355
194,809

74,349
72,598
72,863
71,921
73,321

20,114
20,311
20,325
29,567
20,742

12,817
12,946
12,915
13,129
13,247

639
637
607
618

460
453
449
439

5,032
5,052
5,090
5,080

269
268
270
265

115
15
294
117

6,184
6,402
6,054
5,790

12,052
12,137
12,199
12,239

20,088
20,082
20,051
20,072

73,491
74,550
73,713
74,395

20,610
20,437
19,899
19,897

13,125
12,938
12,563
12,557

411
406
377
347

5,091
5,089
5,061
5,139

261
255
250
265

88
72
111
25

6,601
6,101
6,375
5,553

12,222
12,097
12,173
12,311

20,198
20,200
20,175
20,192

19,981
20,068
19,993
20,107

12,691
12,794
12,719
12,804

254
240
244
244
244

5,141
5,154
5,136
5,128
5,045

256
258
251
263
268

114
134
107
57
75

6,275
6,455
6,156
7,062
6,094

12,298
12,384
12,781
13,181
12,135

20,321
20,336
20,286
20,260
20,298

259,822
257,129
259,631
257,210
254,992

198,135
200,005
199,538
199,078
200,894
199,316
200,955
199,508
199,698

74,639
74,495
75,020
75,669

589
586
569
608
608

135,795
136,128
137,925
138,009
138,414
138,060
137,688
137,447
139,217
138,131
138,942
138,293
138,213

195,282
195,841
197,842
197,726

598
588
567
594

253,046
251,956
253,929
252,920
257,084
256,981
257,686
253,997

77,183
74,113
75,831
74,382
76,649

20,233
20,435
20,646
20,931
21,131

13,059
13,225
13,475
13,772
13,946

601
622
625
597

242
239
233
215

5,065
5,059
4,980
4,965

261
261
288
283

91
109
356
262

7,461
7,270
7,018
7,453

12,786
13,109
12,986
12,753

20,408
20,402
20,333
20,340

259,602
261,494
265,321
265,179

200,436
201,171
204,335
204,823

75,607
78,288
78,734
79,452

21,097
21,115
20,384
20,330

13,966
13,984
13,266
13,285

34

313

128

Digitized for FRASER


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

138,938
139,591
142,569
143,079
195
363

271

5,288 Jan.
5,484
5,566
5,743
5,907 Feb.
6,126
6,127
6,222
6,290 Mar.
6,516
6,561
6,672
6,745
6,753 Apr.
6,744
6,712
6,772
6,693 May
6,719
6,775
6,875
6,881
6,994 June
7,065
7,083
7,130
7,008 July
7,063
7,068
7,147
7,297 Aug.
7,365
7,410
7,438
7,495
7,485 Sept.
7,499
7,336
7,340
7,290 Oct.
7,274
7,274
7,303
7,174 Nov.
7,210
7,171
7,159
7,185
7,131 Dec.
7,131
7,118
7,045
Dec.

4
11
18
25
1
8
15
22
1
8
15
22
29
5
12
19
26
3
10
17
24
31

7
14
21
28
5
12
19
26
2
9
16
23
30

6
13
20
27
4
11
18
25
1
8
15
22
29
6
13
20
27
27 4

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Loans
For purchasing
or carrying securities
Total
loans
and

Date

investments

Total
(ncr)

Commer-

cial

and

(net)

industrial

Agricul-

tural

To brokers
and dealers

To
nonhank
financial
institutions

To
others

Real
estate

Per- j

U.S. Other U.S. Other sonal


and
'
I
Govt. se- Govt. sesesales !
securi- curi- curi- finance 0 t h c r
curities
ties
ties
COS.,
j
ties
! etc.

To eonimei cial
batiks

Domestic-

Foreign

Consume r- Forinstalment govts.

Memo
vtilua-

\u
/Yll

reserves

s
1

1968
4,538
4^429
4,416
4.286!
4|25i

29,126
29,112
29,139
29,171
29,171

4,646
3,719
3,159
3,294
3,403

,431
,394
,360
,399
,362

16,387
16,342
16,358
16,333
16.418J

,063J
,070
,029
,048
,066

12,269
12,055
11,986
t 1,894
12,156

3,187
3 , 1 89
3, 1H8
3,188
3,193

5,301
5,252!
5,119
5,129

4,160
4,113:
4,176
4,174

29,168
29,1B?i
29,192
29,218

3,186
3.217
2,748
3^56

,367
,408
,375
,361

16,400
16,392
16,370
16,397

, 058
,069
,055
,036

11,875
11,876
11 ,874
11,954]

3, 192
3,192
3,192
3,192

2,444
2,408
2,391
2,374

5,104
5,260
5,368
5,136

4,162
4.176
4.219
4,263

29,230!
29,288
29,338
29,384

2,840
3,845
3,799
3,064

,357
,348
,368
,3$6

16,376
16,408
16,430
16,471

,051
, 068
,113
,059

11,975
11,863
11,937
11,962

3,206
3,205
3 , 204
3,205

2,350
2,349
2,356
2,346

5,291
5,364
5;878|
5,302

4,306
4.308
4',352
4,392

29,394
29,455
29,581
29,634

3,260
4,309
3.924
3,623

,334
,359:
,343
,339

16,518
16,569
16,616
16,680

,059 1 1 , 9 7 1 3 , 220
,078' ,030 3,213
, 1 1 4 ; ,173 3,212
,071
,123 3,213

116 2,327; 6.082: 4.458 29,675 3,708

Jan.

3
10
17
24
31

210,415
208,077
207,161
205,291
207,221

148,597
146,690
145,014
143,879
145,142

66,201
65,909
65,661
64,969
64,905

,906
,898
,903
,891
,882

,254
,814
,373
,197
,973

4,519
4,061
3,850
3 i 758
3,855

Feb.

7
14
21
28

205,087
204,871
206,709
207,194

143,768
143,411
143,522
144,233

64,826
64,808
64,912
64,945

,890
,888
, 892
,893

,461
, 309
,631
,362

3,748
3,553
3,844
3,690

93
92
89
89

2,427]
2,439:'
2,437
2,421

Mar.

6
13
20
27

206,224
206,279
207,989
206,513

143,541
143,539
145,504
144,609

65 , 1 54

65,271
66,289
66,393

,893
,899
,910
,920

,298 3,776
,237 3,590
901 3 , 549
840 3,465

87
83
96
97

Apr.

3
10
17
24

206,810 145,294 66,886


209,203 147,466 67,049
209 , 804 1 48 , 1 1 4 67,732
208,402 147,151 67,446

,917
,925
,935
,939

684 3,446
1,371 3,412
809 3,416
901 3,475

98
101
97
93

May

1
8
IS
22
29

209 , 465
208 , 802
2 1 0 , 1 79
209 , 293
208 , 973

67,625

,951
,956
,952
,952
,956

June

5
12
19
26

210,443 149,259 67,261 ,967 1,035 3,666


496 3,816
210,214 149,189 67 , 494 ,980
2 1 2 , 599 151,577 68 , 807 2,006
746 4,123
662 3,922
213,285 153,106 68,988 2,025

July

3
10
17
24
31

213,538
211,836
214,440
214,250
215,927

153,455
151,933
152,422
152,475
153,797

Aim.

?
14
21
28

215,833
216,481
217,191
216,975

153,416 68 , 8 1 4
1 53 , 642 68,610
153,369 68 , 469
1 52 , 846 68,008

Sept,

4
11
18
25

218,461
220,530
224,114
221,098

Oct,

2
9
16
23
30

Nov.

113 2,454i! 5,877


96 2,438 5,542"
97 2,421 5,450j
95 2,419 5,313
103 2,421 5,371

96ii 2,347=
96 2,345
99 2,346
97 2,357;

5,377
5,646
5,189
5,158,

4'.315
4,360
4,434
4,458;

29,718! 3,949
29,853 4,191
29 ; 906 4,408
29,9$2j 4,170

,360
,390]
,362
,374]
,463

16,733
16,776
16,838
16,878
16,970

,050
,063
, 060
,069
,089|

, 180
,161
,116
,107
,129

3,214
3,214
3,213
3,210
3,210

96
95
94
95

2,374
2,383
2,417
2,410

5,624
5,792
6,087
5;?58j

4.414
4,415,
4.5501
4;677;

30,009
30,126
30,235
30,354

4,271
3,917
3,731
5,375

,391
,416
,386
,408

17,022
17,081
17,137
17,240

,087
, 1 09
,104!
,097;

,252
, 280
,367
,310

3,210
3,211
3,213
3,215

97
96
93
93
96

2,407^
2,411
2,434
2,424
2,416

5,850
5.715
5,761
5,466
5,630

4.707
4,635
4,620
4.631
4; 7 10;

30,364
30,419
30,526
30,575
30,575

4,761
3,750
3,585
3,555
3,985

,447
, 460
,428
,386
,374

17,294
17,335
17,347
17,424
17,554

. 08 1 1
,068
,055
,075
,073;

, 444
,251
,319
,155
,267

3,234
3,235
3 , 234
3,233
3,237

4,550
4,387
4,440
4,392

98
101
107
108

2,442
2,474
2,473
2,487

5,724
5,639
5,441
5,107

4,697!
4.696
4^85
4,682

39,609
30,732
30,811
10,866

4,005
4,198
4,064
4,231

,389;
,397j
,399
,404

1 7 , 590
17,619
17,665
17,741!

,079 1 ,243 3,235


,076 1 ,282 3,235
,064 1 ,316 3,238
,082
,189 3,238

153,997
154,351
157,046
155,024

68,051 2,025 1,985 4,677


68,354 2,028 2,785 4,451
69,438 2,026 3,032 4,664
69 , 294 2,019 1,714 4,738

100
112
154
105

2,494;
2,497;
2,518
2,515

5,272
5,228
5.480
5,467

4,662
4,728!
4,728
4,706

30,891
30,975
31.066
31,149}

4,359
3,696
4,450
3,706

,434
,440
,358
,378,

17,766
17,778
17,815
17,879

,105 1 ,414 3,238


,107 i ,415 3,243
,465 1,242
, 094
,096)
,499 3,241

224,697
222,909
223,593
220,956
223,987

158,458
156,716
157,385
154,924
155,936

69,553
69,763
70,213
69,830
69,702

2,010 2,027 4,677


2,013 1,525 4.540

2,558
2,550[
2,556
2,561
2,557

5,769
5,503
5,483
5,332
5,342

4,818
4,843
4,849
4,861!
4,898

31,197!
3t,265(
31,385
31,455)
31,469

5,047
4,087
4,709
3,693
4,010

,414
,415
, 388
,437
,407

17,932
17,983
18,007
18,062]
18,141

,099}
,106
.102'
,1031
,146]

,636
,645
,774
,705
,770

3,261
3 , 2S5

828 4^208
1 , 1 97i 4,445

99
97
98
95
97

6
13
20
27

226,239
225,547
225,156
224,663

158,362 70, 149


158,298 70,477
158,675 70,908
158,1 38 71,178

2,010
2,013
2,010

1,418 4,664
1,068 4,580
1,994 4,297
789 4,171
2,003

101
97
94
100

2,569
2,610
2,618
2!637

5,795
5,448
5.281
5;259

4,974!
5,040
5,139
5,028

31,507,
31,632
31,712!
3l,773|

4,801
4,732
3,972
4,115

,437
,462
, 505
,616

18,1 69
1 8 , 205
18,230
1 8 , 307

, 129J
,134
,112
,1241

12,888
13,052
13,050
13,28H

3 , 249

Dec.

4
11
18

25

228,412
229,355
233,432
231,856

160,490
160,852
164,645
163,735

71,272
71,691
73,025
73,142

2,010 1,948 4,606


2,007 2,132 4,495
1,990 2,245 4,746
1,983
4,901

101
95
103
105

2,648
2,692
2,709
2,698

5,327
5,456
6,307
6,458

5,053
5,060
5,113
5,100

31,726
31,838
31,949
32,001

4,802
4,233
4,721
4,470

,537
,577
,580
,635

18,310
18,385
18,453
18,530

,088
,088
,088
,125

13,310
13,348"
13,868
13,929

3,248
3,245
3,252
3,237

Dec.

25

400

253

60

">

97

148,546
147,705
148,427
148,102
147,803

67 , 299

67,478
67,285
66,902

69,041 2 , 0 1 1
69 , 0 1 7 2,019

69,185 2,029
68,935 P,029
68,996 2,031

801
849
702
563
645

3 , 694
3 , 563
3,641
3,702
3,637|

856 4,329
782 4,210
895 4,379

,692 4,268
,699 4,628

2,048 ,363
2,047 ,619
2,038 ,635
2,023 1,764

2,009 2,545 5,043

2,009
2,008

10

For ^- see end of table.

Digitized for FRASER


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

272

64

11

3,257
3,255
3,253
3,252
3,247
3,250

?,

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued
of dollars)
Investments
Other securities

U.S. Government securities

Obligations
of States
and
political
subdtv.

Notes and bonds


maturing
Total

Certificates

Bills

Other bonds,
corp. stocks
and
securities

Within
lyr.

1 to
5yrs.

After
5 yrs.

Tax
warrants

All
other

Certif.
of
participation

Cash
items
in
process
of
collection

ReCur- serves
rency with
F.R.
and
coin Banks

Alt
other

Balances
with
Other
assets

Date

Total
assets

Domes- Foreign
tic
banks banks

1968
28,371
27,824
28,652
27,928
28,080

6,049
5,576
6,555
5,841
6,023

4,142
4,018
4,015
4,064
4,076

13,878
13,834
13,727
13,686
13,636

4,302
4,396
4,355
4,337
4,345

3,953
3,990
3,937
3,901
3,956

25,285
25,374
25,339
25,326
25,490

1,333
1,340
1,359
1,372
1,499

2,876
2,859
2,860
2,885
3,054

25,859
22,442
23,867
20,676
22,765

3,074
2,990
2,888
2,913
2,787

17,186
14,902
17,376
16,272
17,111

4,738
4,165
4,206
3,981
4,168

254
230
237
233
236

9,284
9,107
8,920
8,955
9,567

270,810 Jan.
261,914
264,655
258,321
263,855

27,417
27,513
28,983
28,738

5,444
5,576
5,073
4,868

4,090
4,037
3,947
3,990

13,546
13,544
14,701
14,580

4,337
4,356
5,262
5,300

4,110
4,098
4,154
4,187

25,372
25,444
25,631
25,642

1,457
1,440
1,458
1,458

2,963
2,965
2,961
2,936

20,718
23,025
21,748
21,435

2,663
2,861
2,733
2,883

16,236
15,382
16,297
16,438

3,934
4,439
4,281
4,090

219
208
227
199

9,512
9,55!
9,236
9,232

258,369
260,337
261,231
261,471

28,169
28,155
27,596
27,065

4,357
4,368
3,909
3,437

4,006
4,012
4,076
4,071

14,467
14,366
14,216
14,143

5,339
5,409
5,395
5,414

4,436
4,382
4,515
4,609

25,761
25,832
26,050
26,014

,412
,425
,420
,342

2,905
2,946
2,904
2,874

22,575
22,248
21,448
20,975

2,568
2,811
2,756
2,885

16,681
15,926
15,790
16,480

4,296
4,319
4,223
3,981

220
199
213
204

9,263
9,236
9,234
9,599

261,827 Mar.
261,018
261,653
260,637

6
13
20
27

27,208
27,089
26,606
26,120

3,785
3,718
3,376
2,908

4,019
3,963
3,896
3,913

14,056
14,060
13,962
13,985

5,348
5,348
5,372
5,314

4,203
4,295
4,640
4,597

25,985
26,324
26,390
26,462

,303
,329
,344
,363

2,817
2,700
2,710
2,709

23,275
26,738
23,821
21,999

2,667
2,761
2,882
2,902

16,551
15,425
16,442
14,821

4,259
4,242
4,404
4,200

203
206
221
209

9,357
9,279
9,405
9,487

263,122 Apr.
267,854
266,979
262,020

3
10
17
24

26,005
26,293
27,294
26,746
26,476

2,795
2,878
2,980
2,687
2,552

3,935
4,195
4,034
4,301
4,406

13,984
13,773
14,257
13,693
13,493

5,291
5,447
6,023
6,065
6,025

4,411
4,178
3,925
3,953
4,067

26,334
26,528
26,473
26,493
26,612

,342
,312
,320
,312
,311

2,827
2,786
2,740
2,687
2,704

24,331
22,057
25,775
22,588
22,733

2,682
2,667
2,722
2,792
2,705

17,183
15,063
16,037
15,336
15,564

4,364
3,936
4,360
3,963
4,068

212
219
215
214
208

9,799
9,712
9,574
9,500
9,526

268,036 May
262,456
268,862
263,686
263,777

1
8
15
22
29

26,510
26,416
26,462
25,480

2,872
2,762
2,870
2,080

4,293
4,395
5,013
4,965

13,312
13,210
12,523
12,422

6,033
6,049
6,056
6,013

4,170
4,141
3,917
3,957

26,590
26,558
26,635
26,600

,316
,319
,372
,402

2,598
2,591
2,636
2,740

23,112
24,929
24,725
23,632

2,633
2,821
2,866
2,940

16,258
16,936
17,322
15,821

4,215
4,293
4,169
4,201

193
193
204
223

9,757
9,637
9,443
9,563

266,611 June
269,022
271,328
269,665

5
12
19
26

25,275
25,157
27,247
26,877
27,070

1,945
1,877
3,914
3,666
3,817

5,053
5,084
5,128
5,048
5,053

12,247
12,184
12,174
12,145
12,135

6,030
6,012
6,031
6,018
6,065

3,895
3,959
3,847
3,959
4,093

26,691
26,653
26,758
26,783
26,831

,383
,377
,380
,383
,346

2,839
2,757
2,786
2,773
2,790

28,636
25,503
26,817
22,794
25,178

2,479
2,871
2,843
2,874
2,803

16,115
15,984
17,473
16,718
16,772

4,486
4,074
4,286
4,041
4,208

224
201
227
236
199

9,659
9,594
9,408
9,480
9,928

275,137 July
270,063
275,494
270,393
275,015

3
10
17
24
31

26,845
26,985
27,694
27,781

3,538
3,536
3,326
3,380

5,103
5,206
4,844
4,851

12,110
12,080
12,252
12,234

6,104
6,163
7,272
7,316

4,376
4,452
4,592
4,664

26,997
27,058
27,227
27,436

,342
,420
,410
,395

2,857
2,924
2,899
2,853

23,500
25,243
23,070
23,521

2,628
2,844
2,824
2,973

17,049
16,352
16,483
16,153

4,362
4,319
4,325
4,110

20J
204
205
201

9,707
9,686
9,427
9,598

273,280
275,129
273,525
273,531

28,029
28,908
29,800
28,615

3,712
4,387
5,195
3,954

4,859
4,984
5,059
5,179

12,215
12,237
12,286
12,230

7,243
7,300
7,260
7,252

4,781
5,252
5,178
5,172

27,369
27,719
27,875
28,050

,415
,416
,334
,339

2,870
2,884
2,881
2,898

27,433
27,262
27,662
24,454

2,720
2,989
2,900
2,983

15,821
14,699
14,966
17,259

4,467
4,648
4,817
4,205

203
241
193
208

9,900
9,690
9,660
9,753

279,005 Sep..
280,059
284,312
279,960

18
25

28,602
28 , 599
28,516
28,262
30,099

3,901
3,910
3,807
3,599
5,329

5,496
5,576
5,644
5,643
5,752

11,866
11,815
11,784
11,741
11,762

7,339
7,298
7,281
7,279
7,256

5,156
5,217
5,179
5,155
5,294

28,154
28,088
28,238
28,288
28,240

,371
,347
,338
,347
,370

2,956
2,942
2,937
2,980
3,048

27,634
25,835
28,877
26,766
25,554

2,782
2,832
2,837
2,965
3,019

16,443
15,666
16,850
17,677
16,867

4,246
4,259
4,791
4,416
4,471

212
232
217
212
209

10,115
9,841
9,901
9,885
10,103

286,129 Oct.
281,574
287,066
282,877
284,210

2
9
16
23
30

29,874
29,272
28,500
28,231

5,088
4,548
3,982
3,751

5,790
5,758
4,900
5,004

11,743
11,711
12,713
12,614

7,253
7,255
6,905
6,862

5,019
4,854
4,771
4,861

28,579
28,757
28,830
28,969

,367
,357
,433
,384

3,038
3,009
2,947
3,080

31,318
29,168
27,825
29,019

2,775
2,999
2,981
2,858

16,612
16,736
15,607
17,117

4,796
4,673
4,7661
4,565

220
216
239
259

10,359
10,247
10,204
10,203

292,319 Nov.
289,586
286,778
288,684

6
13
20
27

29,579
29,858
29,825
29,160

5,145
5,395
5,551
4,907

4,967
5,002
5,198
5,216

12,649
12,649
12,253
12,257

6,818
6,812
6,823
6,780

4,970
5,036
5,318
5,109

28,916
29,182
29,193
29,410

,369
,350
,414
,424

3,088
3,077
3,037
3,018

29,400
28,437
28,925
27,818

2,940
3,192
3,184
3,033

15,747
15,295
16,201
16,597

4,794
4,584
4,846
4,669

206
239
227
228

10,542
10,387
10,469
10,795

292,041 Dec,
291,489
297,284
294,996

4
11
18
25

73

56

54

12

39

12

Dec.

25 ^

Digitized for FRASER


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

273

14

Feb.

3
10
17
24
31

j
21
28

Aug.

j
21
28

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,

(In millions

Time deposits

Demand deposits
Total
demand
and
time
deposits

Date

States
' Individ- U11U
j
uals,
fTotal partner- political
ships,
suband
divicorps.
sions

Domestic banks
U.S.
Government

Commercial

Mutual
savings

Foreign
Governments,
etc.

/">
mercial
banks

Certified
and
of-

Total

ficers*

cheeks

Individuals,
partnerships,
and corps.
Savings

Other

States
an ^
noHt1
. ,
ICvtl
subdivisions

U.S.
Government

1968
Jan.

3
10
17
24
31

230,198
221,975
224,395
219,012
224,306

127,277
118,564
120,711
114,974
120,128

92,380
87,821
87,888
84,074
86,053

6.231
6;086
5,787
5.335
6,301

3,818
1,639
3,675 <
4,261
5,467

15,752
14,137 j
14,260
12,883
13,298

775
820
683
597
589

764
724
822
702
695

1,816
1,653
1,617
1,657
1,605

5,741
5,684
5,979
5,465
6,120

102,921
103,411
103,684
104,038
104,178

48,864
48,711
48,591
48,531
48,516

38,273
38,906
39,321
39,577
39,639

9.509
9,545
9,528
9,619
9,635

179
176
193
193
191

Feb.

7
14
21
28

218,709
220,682
221,059
221,417

114,432
116,301
116,375
116,456

82,053
84,788
81,591
82,761

5,980
5,763
5,748
5,984

4,610
3,578
7,276
6,515

13,450
13,947
13,536
12,785

635
611
565
553

658
699
692
682

1,566
1,651
1,599
1,583

5,480
5,264
5,36
5,593

104,177
104,381
104,684
104,961

48,518
48,554
48,596
48,620

39,517
39,585
39,757
39,910

9,692
9,815
9,839
9,929

193
205
225
227

Mar.

6
13
20
27

221,336
220,986
221,267
218,995

116,275
115,634
116,379
113,862

82,289
84,832
83,860
83,176

5,779
5,362
5,503
6,074

4,372
3,339
5,504
3,700

14,304
13,745
13,380
12,530

630
573
564
586

693
736
795
739

1,649
1,598
1,653
1,628

6,559
5,449
5,120
5,429

105,061
105,352
104,888
105,133

48,741
48,822
48,912
49,104

39,862
39,908
39,600
39,693

10,016
10.186
10;091
10,111

226
228
225
222

Apr.

3
10
17
24

221,740
225,521
223,607
219,183

117,044
121,024
119,826
114,952

84,721
87,431
88,527
84,502

5,620
5,477
5,660
5,656

3,323
1,146
2,973
2,685

14,202
15,354
14',229
13,155

772
770
683
591

753
730
849
786

1,649
1,711
1,640
1,595

6,004
8,405
5,285
5,982

104,696
104,497
103,781
104,231

48,990 39,632 9,912


48,763- 39,558 9.976
48,485 38,830, 10,358
48,420 39,145 10,454

220
221
218
225

May

1
8
15
22
29

225,397
218,660
223,759
219,029
219,278

121,317
114,332
119,663
114,881
115,107

86.147
81,574
85,750
82,487
83,859

7,121
5,996
6,280
5,844
5,946

5,208
4,060
4,184
4,209
3,107

13,394
13,788
14,088
13,340
13,135

661
658
639
575
590

755
719
794
759
771

1,731
1,674
1,641
1,692
1,732

6,300
5,863
6,287
5,975
5,967

104,080
104,328
104,096
104,148
104,171

48,386
48,424
48,421
48,466
48,470

39,113
39,246
39; 148
39,277
39,295

10,402
10,555
10,437
10,416
10,471

228
230
229
229
225

June

5
12
19
26

221,079
223,100
224,842
223,069

117,057
119,187
121,406
119,218

84,516
87,586
86,426
85,653

6,095
5,368
5,587
6,363

3,119
2,466
6,389
3,669

14,636
14,318
13,990
13,990

653
622
631
643

696
692
688
706

1,764
1,702
1,745
1,720

5,578
6,433
5,950
6,474

104,022
103,913
103,436
103,851

48,492
48,465
48,463
48,657

39,337
39,445
39,181
39,416

10,331
10,1831
10.048
10;079

217
226
231
235

July

3
10
17
24
31

227,535
223,453
228,936
224,616
228,784

123,430
118,902
123,584
118,388
122,373

87,998
86,339
87,931
85,195
87,330

6,202
5,907
5,498
5,506
6,247

2,793
1,150
4,866
4,926
3^74

15,838
15,004
15,088
13,626
14;582j

815
815
697
636
630

727
724
742
681
797

1,864
1,758
1,876
1,810
1,775

7,193
7,205
6, 86
6,008'
7,23S

104,105
104,551
105,352
106,228
106,411

48,597
48,465
48, 381 |
48,315
48,274!

39.993
40;48l!
41.199!!
41, 843
41,972

9,939,1
9,957
10,059
10,279
10,413

229
230
227
234
242

Aug.

7
14
21
28

225,626
226,486
225,520
225,263

118,470
118,877
117,473
117,004

84,019
86,384
84,544
84,929

5,775
5,671
5,345
5,516

4,205]
2,885
4,342
3,055

14,867
14,831
14,402
13,635

672
618
602
579

702
639
658
725

,718!
,710
,638
,638

6,512
6,139
5,942;
6,927

107,156
107,609
108,047
108,259

48, 288 !
48,283
48,296;
48,269

42,457
42,643
42,897
43,042

10,547
10,737
10,874
10,969

245
246
273
264

Sept.

4
11
18
25

229,695
230,394
233,155
230,486

121,425
122,049
124,111
121,834

88,698
89,384
88,515
85,873

5,843
5,528
5,460
5,645

1,197
1,438
5,917
6,207

15,477
15,973
15,971
14,669

624
652
597
582

794
768
741
711

,759
,716'
,645
,715

7,033
6,590
6,265
6,432

108,270
108,345
108,044
108,652

48,283
48,298
48,315
48,354:

43,126
43,254
43,137
43,439

10,925
10,894
10,682
10,761

262
258
258
264

Oct.

2
9
16
23
30

236,723
231,829
235,920
232,295
234,345

127,364
122,150
125,729
121,799
123,574

88,412
86,313
90,445
87,460
88,655

6,366
5,939
5,673
5.499
6J175

5,485J
3,729
3,232
3,317
3,990

16,216
15,702
16,505
15.326
14,896

763
741|
661
675
707

684
684
744
682
723

,944
,836
,771
,721
,722

7,4941
7,206j
6,6981
7,219
6,706

109,359
109,679
110,191
110.496
110,771

48,512
48,506?
48,5^2
48,527
48, 522|

44.023
44,3301
44.791
44,966
45,106

10,708J
10,738
10,763
10,944
11,099

263
266
265
260
262

Nov.

6
13
20
27

240,282
237,855
235,972
236,944

129,409
127,071
124,913
125,007

89,328
91,333
90,293
91,495

6,638
6,008
6,094
6,175

3,915
2,793
2,579
1,429

17,716
16,527
16,128
15,596

756
672
622
568

672
637
683
737

,761
,753
,929
,922

8,623
7,348
6,585
7,085

110,873
110,784
111,059
111,937

48,593
48,589,
48,627
48,672

45,041
44,965
45,2281
45,926

11,264
11,284
11,270
11,398

263
258
256
256

Dec.

4
11
18
25

240,996
239,652
244,563
244,061

129,007
127,193
132,551
131,841

91,782
93,184
94,554
95,733

6,264
6,213
5,978
6,097

2,823
955
5,049
4,538

16,473
15,930
16,575
16,180

602
585
602
621

844
756
730
826

,901
,899
,991
2,108

8,318
7,671
7,072
5,738

111,989
112,459
112,012
112,220

48,679
48,627
48,645
48,676

45,876
46,083
45,461
45,623;

11,479
11,765
11,932
12,075

250
252
274
266

^Dee.

25

400

197

179

11

203

145

48

10

For >* see end of table.

Digitized for FRASER


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

274

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70^-Continued
of dollars)
Memoranda

Time deposits (cont.)


Borrowings

Domestic
banks

Commercial

Foreign

Mutual

savings

Gov- Comernmerments. cial


etc.
banks

From
F.R.
Banks

Other Capital
acliabilities counts
Other

Total
liabilities
and

capital
accounts

Total
loans
(net)
ad-

justed

Total
loans
(net)
ad-

justed
and investments

De-

mand
deposits adjusted

LiabilLarge negotiable time ties of


U.S.
CD's included in time
banks
deposits
to

Total
issued

Issued

13,102
13,475
13,608
13,782
13,681

to

TCP's

Date

their
foreign
Issued
branchto
es
others

1968
6,979
7,004
7,062
7,145
7,226

4,092 Jan.
4,289
4,367
4,516
4,259

10
17
24
31

13,379
13,373
13,426
13,444

7,313
7,409
7,479
7,636

4,352 Feb.
4,474
4,739
4,530

14
21
28

20,984
21,020
20,529
20,538

13,302
13,216
13,059
13,097

7,682
7,804
7,470
7,441

4,513 Mar.
4,805
4,430
4,920

13
20
27

76,244
77,786
78,803
77,113

20,292
20,182
19,485
19,775

12,895
12,763
12,091
12,365

7,397
7,419
7,394
7,410

4,768 Apr.
4,606
4,845
5,020

10
17
24

205,757
204,853
205,988
204,885
204,803

78,384
74,427
75,616
74,744
76,132

19,694
19,734
19,513
19,526
19,528

12,303
12,321
12,158
12,155
12,113

7,391 4,784 May


?;413 .5,235
7,355 5,426
7,371 5,968
7,415 5,888

8
15
22
29

144,988
145,272
147,846
147,731

206,172
206,297
208,868
207,910

76,190
77,474
76,302
77,927

19,453
19,437
19,014
19,256

12,155
12,197
11,822
12,019

7,298
7,240
7,192
7,237

6,053 June
6,285
6,203
6,241

12
19
26

216
226
246
246
271

327 10,094 15,896 21,285 275,137 148,694


251 9,205 15,867 21,287 270,063 148,183
800 8,972 15,550 21,236 275,494 148,837
613 8,568 15,347 21,249 270,393 148,920
594 8,799 15,421 21,417 275,015 149,812

208,777
208,086
210,855
210,695
211,942

76,163
77;245
76,813
77,042
78,839

19,509
19,893
20,620
21,235
21,434

12,320
12,657
13,222
13,645
13,682

7,189
7,236
7,398
7,590
7,752

6,816 July
6,959
6,678
6,686
6,188

10
17
24
31

4,547
4,586
4,576
4,567

255
262
260
268

397 9,760 16,027 21,470


186 10,777 16,244 21,436
334 9,978 16,270 21,423
428 9,867 16,523 21,450

211,828
212,283
213,127
212,744

75,898
75,918
75,659
76,793

21,915
22,161
22,231
22,288

14,068
14,190
14,263
14,259

7,847
7,971
7,968
8,029

6,693 Aug.
6,849
6,978
7,036

14
21
28

280
283
288
280

4,537
4,492
4,474
4,649

274
273
291
300

356 10,727 16,686 21,541 279,005 149,638 214,102 77,318 22,196 14,222
64 10,491 17,583 21,527 280,059 150,655 216,834 77,376 22,154 14,208
292 11,855 17,511 21,499 284,312 152,596 219,644 75,561 21,834 13,966

7,974
7,946
7,868
8,062

6,995 Sept.
7,384
7,610
7,131

11
18
25

600
599
600
613
616

277
275
256
244
201

4,665
4,666
4,694
4,659
4,680

311
299
310
283
285

187
222
145

625
616
605
606

154
150
153
156

4,645
4,630
4,638
4,654

288
292
282
269

1,077

609
610
599
586

153
156
156
155

4,659
4,680
4,660
4,556

284
286
285
283

58
214
888
244

586
597
648
643
644

183
176
173
183
188

5,037
5,012
4,952
5,026
5,066

290
288
278
266
299

151
30
993
256
733

7,631
6,986
6,412
6,000
5,357

12,371
12,400
12,347
12,525
12,780

20,459
20,522
20,508
20,528
20,679

270,810
261,913
264,655
258,321
263,855

143,951
142,971
141,855
140,585
141,739

205,769
204,358
204,002
201,997
203,818

81,848
80,346
78,909
77,154
78,598

20,081
20,479
20,670
20,927
20,907

620
619
633
629

203
209
213
216

5,142
5,097
5,127
5,121

292
297
294
309

162
33
752
153

6,071
5,899
5,489
6,334

12,845
13,092
13,340
12,942

20,682
20,631
20,591
20,625

258,369
260,337
261,231
261,471

140,582
140,194
140,774
140,477

201,901
201,654
203,961
203,438

75,654
75,751
73,815
75,721

20,692
20,782
20,905
21,080

615
593
566
561

226
241
239
219

5,074
5,069
4,973
4,935

301
305
282
288

730
93
219

1,206

5,986
5,669
6,565
6,024

13,055
13,584
12,949
13,764

20,720
20,686
20,653
20,648

261,827
261,018
261,653
260,637

140,701
140,694
141,705
141,545

203,384
203,434
204,190
203,449

75,024
76,302
76,047
76,657

561
562
529
546

212
218
213
212

4,880
4,914
4,885
4,965

289
285
263
264

514
219
538
620

6,762
8,193
8,575
7,711

13,312
13,114
13,495
13,738

20,794
20,807
20,764
20,768

263,122
267,854
266,979
262,020

142,034
143,157
144,190
143,528

203,550
204,894
205,880
204,779

532
530
524
513
507

203
206
201
200
188

4,952
4,880
4,881
4,794
4,777

264
257
255
253
238

539
143
724
206
335

7,655
8,547
8,873
8,577
8,270

13,507
14,162
14,477
14,857
14,839

20,938
20,944
21,029
21,017
21,055

268,036
262,456
268,862
263,686
263,777

144,838
143,756
144,236
143,694
143,633

502
498
490
497

189
193
193
185

4,718
4,664
4,599
4,557

236
239
231
225

1,751

9,027
9,006
8,546
221 10,038

15,084
15,376
15,051
15,176

21,174
21,186
21,138
21,161

266,611
269,022
271,328
269,665

465
521
536
527
540

189
210
228
239
245

4,477
4,461
4,476
4,545
4,454

565
581
596
599

252
271
275
281

583
593
599
605

Digitized for FRASER


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

247
354

1,453

1,015

416

450
73
82

273,280
275,129
273,525
273,531

9,354 17,142 21,525 279,960


11,066 16,511 21,642 286,129
11,134 16,721 21,668 281,574
12,096 17,245 21,660 287,066
10,295 17,602 21,670 282,877
10,393 17,305 21,751 284,210
12,473 17,309 21,805 292,319
12,304 17,568 21,786 289,586
10,672 18,301 21,751 286,778
10,985 17,948 21,730 288,684

11,203
11,355
11,504
11,184

149,411
149 444
149,305
148,615

151,318 217,392 76,504 22,261 14,199

153,411
152,629
152,676
151,231
151,926

219,650
218,822
218,884
217,263
219,977

78,029
76,884
77,115
76,390
79,134

22,590
22,699
23,108
23,155
23,303

14,519
14,620
14,988
15,101
15,172

8,071
8,079
8,120
8,054
8,131

6,914 Oct.
6,887
7,240
7,504
7,080

9
16
23
30

153,561
153,566
154,703
154,023

221,438
220,815
221,184
220,548

76,460
78,583
78,381
78,963

23,407
23,385
23,640
24,307

15,198
15,131
15,401
15,925

8,209
8,254
8,239
8,382

6,961 Nov.
7,180
7,388
7,248

13
20
27

8,490
8,495
8,439
8,357

6,938 Dec.
7,439
7,290
6,976

11
18
25

17,912
18,409
18,531
17,669

21,872
21,859
21,798
21,838

292,041
291,489
297,284
294,996

155,688
156,619
159,924
159,265

223,610
225,122
228,711
227,386

80,311
81,871
82,022
83,305

24,326
24,260
23,513
23,468

15,836
15,765
15,074
15,111

43

38

481

253

400

187

_1

-1

275

Dec. 25

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Loans
Other

Federal funds sold, etc.

Total
loans
and
investments
(net)

Date

Total

To
commercial
banks

U.S.
Treasury
securities

For purchasing
or carrying securities

To brokers
and dealers
involving

Other
securities

To
others

Total

Commercial
and
industrial

Tobi okers
and d ealers

Agvicultural

To nonbunk
financial
institutions

To
others

Personal
U.S.
U.S.
and
Treas- Other Treas- Other
securiury
securi- sales
ury
securities
securities finance
COS..
ties
ties
etc.

Other

1969
Jan.

1
8
15
22
29

233,265
231,168
229,788
228,222
228,012

161,941
164,200
163,372
161,826
162,155

74,149
73,958
73,831
73,516
72,896

1,978
2,023
2,025
2,024
2,018

1,492
1,648
1,265
877
879

5,219
4,526
4,168
3,867
3,861

111
133
108
104
100

2,741
2,737
2,727
2,750
2,751

6,629
5,741
5 , 606
5,385
5^57

5,243
5,111
5,117
5,063
5,044

Feb.

5
12
19
26

227,828
228,995
225,737
226,399

162,373
163,928
162,122
163,201

73,111
73,364
73,590
73,727

2,005
2,015
1,959
1 ,953

982
778
397
584

3,917
4,128
3,709
3,750

98
120
101
99

2,753
2,751
2,787
2,801

5,669
5,859
5,527
5,389

5,009
5,063
5,049
5,143

Mar.

5
12
19
26

227,978
226,456
227,126
226,422

164,246
163,145
164,105
163,493

74,204
74,520
75,074
75,047

1,954
1,956
1,961
1,963

760
594
644
571

3,882
3,533
3,449
3,126

102
105
139
108

2,802
2,784
2,790
2,781

5,551
5,426
5,416
5,304

5,136
5,136
5,175
5,053

Apr.

2
9
16
23
30

229,082
228,442
232,033
228,643
229,833

165,015
164,392
168,045
165,630
166,661

75,269
75,337
76,568
76,462
76,659

1,969
1,971
1,999
1,996
2,005

737
902
1,719
823
766

3,396
3,331
3,796
3,510
3,598

106
107
106
104
106

2,7B7 :
2,782
2,778
2,788
2,763

5,506
5,47H
6,129
5,671
6,131

5,203
5,103
5,170
5,139
5,218

May

7
14
21
28

229,602
231,141
228,718
227,546

167,061
169,118
1 67, 663
166,788

76,579
76,768
76,668
76,636

2,017
1,981
2,004
2,027

954
1,823
472
475

3,601
3,857
3,435
3,576

106
104
107

no

2,745
2,750
2,760
2,766,

6,023
5,78!
5,680
5,612

5,175
5,149
5,110
5,194

June

4
11
18
25

230,344
229,955
233,278
232,084

169,112
168,830
172,092
171,632

76,983
77,474
78,429
78,447

2,035|
2,056
2,060
2,U8

760
1,012
2,170
1,473

3,712
3,752
3,998
3,778

139
108
107
109

2,775
2,780
2,775
2,770!

6,227
6,083
6,181
5,975

5,294
5,357
5,495
5,506

849

3,530

109

2,746

5,962

5,504

18
39
27
16
18

170,769
169,409
168,421
168,278
167,903

78,567
78,505
78,361
77,978
77,629

2,145
2,146
2,154
2,152
2,139

863
676
409
1,123
1,263

3,828
3,431
3,152
3,18li
3,200

109
106
106
105
104

2,764
2,767
2,760'
2,733i
2,709

6,287
6,033
5,759
5,649
5,475

5,670
5,483
5,434
5,461
5,475

49
50
61
43

30
21
35
3

167,395
166,605
165,967
165,465

77,609
77,303
77,084
76,658

2,129
2,133
2,117
2,112

462]
540
466i
397;

3,297
3,066
3,016
2,991

103
103
103
107

2,699
2,691
2,690
2,673

5,767
5,479
5,387
5,355]

5,468
5,467
5,487
5,456

132
1,664
704
42

77
59
92
90

18
34
29
58

166,694
166,922
168,320
167,903

76,669
77,010
77,917
78,097

2,104
2,084
2,084
2,094

7,5
996
72l|
492

3,244'
3,108
3,323
3,085.

107
106
103
103

3,661
2,645
2.6271
2,617.

5,672'
5,552
5,900
5,787;

5,466
5,386
5,413
5,473

5,914
5,140
5,272
5,884
5,364

202
136
142
583
466

116
71
68
49
16

74
36
57
45
113

168,867
168,256
168,816
168,156
167,322

78,440
78,420
78,667
78,296
77,649

2,089,
2,069
2,063
2,504
2,050

500
373
405 !
1,009
681

3,383 !
3,053
3,058
2,901!
2,905

111
103
102
IQ2J

2,594
2,584
2,583]
2,582
2,573

5,883
5,951
5,962
5,515
5,450

5,493
5,429
5,473
5,399
5,368

5,982
6,037
6,181
6,257

5,453
5,563
5,777
5,543

351
318
274
616

87
74
64
66

91
82
66
32

168,413
168,422
168,043
168,178

78,117
78,236
78,092
77,987

2,052
2,054
2,057
2,042

587!
490
537
724

3,101
3,265
3,364
3,473

104
102
100
99

2,575
2,555
2,549
2,521

5,828
5,768
5,440
5,426

5,484
5,465
5,434
5,369

5,782
6,005
6,322
6,174
4,641

5,246
5,446
5,881
5,801
4,035

376
259
235
161
300

114
239
100
144
156

46
61
106
68
150

168,585
168,819
172,040
172,498
175,603

178,310
78,486
80,321
80,458
81,491

2,031
2,028
2,011
2,013
2,000

599
591
492
438
1,141

3,320':
3,377
3,406
3,626
4,000

99
100
100
99
105

2,503
2,4811
2 , 526
2,495
2,565

5,602
5,629
6,537
6,528
7,005

5,398
5,428
5,405
5,439
6,143

87

1|

25"

235,480

5,763

4,845

636

238

July

2
9
16
23
30

236,418
234,390
231,945
234,021
233,882

5,580
5,492
4,529
5,279
5,901

5,357
4,828
4,408
5,097
5,287

43
550
20
129
564

162
75
74
37
32

Aug.

6
13
20
27

232,413
231,418
229,681
230,722

5,380
5,501
5,438
5,659

5,204
5,126
5,185
5,545

97
304
157
68

Sept.

3
10
17
24

231,911
232,915
233,507
232,108

5,790
6,217
5,599
5,782

5,563
4,460
4,774
5,592

Oct.

1
8
15
22
29

233,239
231,042
232,281
231,746
231,898

6,306
5,383
5,539
6,561
5,959

Nov.

5
12
19
26

233,154
232,970
232,522
233,972

Dec.

3
10
17
24
31

233,639
234,372
238,229
237,796
239,780

^Dec.

31

427

44 169,502 78,438

307

2,118

For ^ see end oi; table.

Digitized for FRASER


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

276

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued
of dollars)
Loans (cont.)

Investments

Other (cont.)

U.S. Treasury securities

To commercial
banks

Notes and bonds


maturing
Date

Real
estate

Consumer
instalment

Foreign
govts.

All
other

Total

,040
,045
,059
,048
,004

14,283
14,110
14,081
13,957
13,958

29,358
28,109
27,822
28,062
27,664

18,709
18,728
18,705
18,725

975
,002
,010
,007

14,047
14,148
13,880
13,819

1,605
1,675
1,657
1,642

18,708
18,746
18,731
18,774

994
996
996
1,033

5,379
4,687
4,748
4,013
4,262

1,688
1,678
1,695
1,690
1,617

18,832
18,911
18,959
19,030
19,121

32,835
32,945
33,013
33,024

4,575
5,262
5,809
4,809

1,737
1,844
1,784
1,695

33,041
33,150
33,217
33,266

5,381
4,349
4,653
5,335

33,289
33,239
33,232
33,237
33,254
33,288

Bills

Certificates

Within
1 yr.

1 to
5 yrs.

After
5 yrs.

5,320
4,196
3,962
4,277
4,007

5,194
5,289
5,265
5,275
5,258

12,205
12,069
12,081
12,068
11,984

6,639
6,555
6,514
6,442
6,415

Jan.

1
8
15
22
29

27,342
26,805
25,421
25,159

3,747
3,231
2,485
2,295

5,158
5,166
4,781
4,822

12,026
12,006
12,420
12,348

6,411
6,402
5,735
5,694

Feb.

5
12
19
26

13,971
13,874
13,931
13,853

25,484
25,116
24,926
24,812

2,656
2,397
2,259
2,219

4,900
4,885
5,026
5,127

12,284
12,256
12,073
11,966

5,644
5,578
5,568
5,500

Mar,

5
12
19
26

1,059
1,096
1,037
1,045
953

13,991
13,884
14,149
14,078
14,110

26,072
25,528
25,587
24,839
24,789

3,521
3,031
3,064
2,322
2,291

5,210
5,379
5,457
5,410
5,434

11,914
11,723
11,680
11,688
11,632

5,427
5,395
5,386
5,419
5,432

Apr.

2
9
16
23
30

19,143
19,218
19,253
19,340

976
1,011
984
976

14,119
14,149
14,108
14,073

24,238
23,975
23 , 304
23,074

1,858
1,754
1,412
1,274

5,419
5,447
4,534
4,423

11,512
11,368
11,972
12,135

5,449
5,406
5,386
5,242

May

7
14
21
28

,730
,698
,743
,712

19,386
19,478
19,572
19,643

979
969
977
1,022

14,197
14,090
14,240
14,007

23,194
23,035
23,134
22,516

1,520
1,368
1,806
1,176

4,411
4,459
4,143
4,199

12,151
12,112
12,125
12,127

5,112
5,096
5,060
5,014

June

4
11
18
25

492

,712

19,689

1,022

14,042

22,587

1,183

4,211

12,167

5,062

516
400
375
437
478

,760
,766
,809
,723
,668

19,752
19,724
19,730
19,762
19,846

,023
,022
,016
,011
,012

14,246
14,118
14,119
13,709
13,618

22,817
22,496
22,165
22,837
23,469

1,434
1,202
982
2,651
2,329

4,189
4,149
4,190
4,158
4,186

12,154
12,125
12,038
12,085
12,021

5,040
5,020
4,955
4,943
4,933

July

33,263
33,381
33,423
33,472

468
404
389
434

,596
,604
,564
,551

19,867
19,930
19,935
19,915

,034
,028
,028
,102

13,633
13,476
13,278
13,242

23,147
22,920
22,253
23,417

2,067
1,909
1,358
2,362

4,173
4,114
4,139
4,337

12,025
12,006
12,784
12,783

4,882
4,891
3,972
3,935

Aug.

33,535
33,594
33,696
33,766

463
408
440
410

,535
,639
,503
,500

19,915
19,919
19,958
20,002

,088
,095
,065
,043

1 3 , 520
13,380
1 3 , 570
13,434

23,336
23,292
23,116
22,223

2,218
2,195
2,068
1,596

4,457
4,496
4,472
4,341

12,832
12,782
12,760
12,736

3,829
3,819
3,816
3,550

Sept.

3
10
17
24

33,676
33,700
33,822
33,897
33,951

448
409
443
385
413

,494
,575
,554
,564
,494

19,937
19,918
19,944
19,984
20,024

,053
,079
,093
,093
,081

13,766
13,585
13,646
13,374
13,581

22,190
21,748
22,327
21,782
23,349

1,633
1,373
2,046
1,626
3,246

3,271
3,175
3,174
3,129
3,136

13,543
13,502
13,421
13,362
13,312

3,743
3,698
3,686
3,665
3,655

Oct.

1
8
15
22
29

33,947
33,995
34,056
34,108

418
450
397
410

,375
,295
,416
,362

20,024
20,041
20,035
20,046

,105
,077
,060
,071

13,696
13,629
13,506
1 3 , 540

23,430
22,974
22 , 642
23,879

3,303
2,879
2,511
3,779

3,152
3,145
3,607
3,633

13,336
13,347
13,328
13,393

3,639
3,603
3,196
3,074

Nov.

5
12
19
26

34,097
34,111
34,186
34,170
33,617

373
385
377
424
453

,472
,438
,496
,628
,496

20,055
20,081
20,176
20,250
20,367

,068
,069
,037
,018
971

13,658
13,615
13,970
13,912
14,249

23 , 668
23,977
23,571
23,270
23,853

3,623
3,923
3,684
3,475
4,064

3,658
3,676
3,567
3,515
3,461

13,383
13,374
13,326
13,280
13,312

3,004
3,004
3,994
3,000
3,016

94

34

Domesti:

Foreign

32,106
32,022
32,132
32,212
32,219

3,121
4,438
4,499
4,331
5,473

1,605
1,577
1,630
1,524
1,573

18,592
18,624
18,620
18,663
18,719

32,243
32,295
32,423
32,473

4,891
5,581
4,892
5,625

1,458
1,590
1,587
1,600

32,450
32,505
32,565
32,592

5,625
4,795
5,077
5,143

32,623
32,647
32,715
32,803
32,876

1969

Digitized for FRASER


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

74

38

277

251

2
9
16
23
30
6
20
27

Dec.

Dec.

3
10
17
24
31
3H

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Investments (cont.)
Other securities

Date
Total

Obligations
of States
and political
subdivisions
Tax
warrants

J1
Other bonds,
corp. stocks,
and
securities

Certif.
of participation

All
other

Cash
Cur- i
items
i
in
| rency
process
and
of
coin
collection

InvestBalances 1 ments
in subwith
sidiardomestic ies not
consol1
i banks
idated

Reserves
with
F.R.
Banks

Other
assets

Total
assets

All
other
i

1969

Jan.

1
8
15
22
29

38,966
38,859
38 , 594
38,334
38,193

5,040
5,051
4,945
4,876
4,819

29,448
29,388
29,254
29,124
29,096

,488
,429
,423
,428
,441

2,990
2,991
2,972
2,906
2,837

32,874 ft 3,352
3,155
28,432
30,945
3,113
3,056 I
27,345
3,103
25,853

Feb.

5
12
19
26

38,113
38,262
38,194
38,039

4,841
4,792
4,713
4,645

28,932
29,238
29,199
29,088

,433
,397
,414
,424

2,907
2,835
2,868
2,882

28,271
27,565 I
28,738 [
26,120 i

2,743
2,959
2,933
3,035

17,209
17,088
16,565
16,314

Mar.

5
12
19
26

38,248
38,195
38,095
38,117

4,852
4,802
4,805
4,875

29,165
29,205
29,103
29,046

,383
,371
,359
,349

2,848
2,817
2,828
2,847

29,072
28,193
28,209
26,271 '

2,665
2,911
2,904
2,974

16,627
16,520
16,516
16,686

Apr.

2
9
16
23
30

37,995
38,522
38,401
38,174
38,383

4,722
5,192
5,170
5,037
5,082

28,939
29,098
29,044
28,930
28,987

,350
,316
,319
,331
,360

2,984
2,916
2,868
2,876
2,954

May

7
14
21
28

38,303
38,048
37,751
37,684

4,876
4,828
4,713
4,623

29,206
29,007
28,873
28,848

,329
,329
,316
,330

2,892
2,884
2,849
2,883

2,767
2,909
2,908
3,001
2,904 |
2,755 :
28,865
31,002 ! 2,958
2,972
29,003
3,034
29,864

June

4
11
18
25

38,038
38,090
38,052
37,936

4,715
4,842
4,833
4,615

29,104
28,936 29,015
29,099

,329
,374
,325
,214

2,890
2,938
2,879
3,008

2,783
32,715
31,605 ' 2,976
33,351
2,999
3,095
30,631

28,534
27,152
30,825
28,870
32,133

5 , 547
'
4,833
4,805
4,514 . . . . . . . .
4,394

11, 579
11,178
1 1 ,083
1 0 , 846
10,728

303,024
295,139
296,572
291,532
2m , 474

4,675
4,607
4,706
4,313 |. . . . . . . .
!
4,622
4,402
1
4,628
4,305

11,137
1 1 , 1 44
11,026
11,171

291,863
292,358
289 , 705
287,352

11,326
11,179
1 1 , 1 80
11,196

292 , 290
289,661
290 , 563
287,854

16,663
16,551
16,762
16,393
38,432

4,534
4,403
4,798
4,684
4,356

11,260
11,146
11,033
11,098
11,434

292,840
290,603
298,359
292 , 689
299 , 092

16,357
15,360
17,365
16,775

4,268
4,778
4,594
4,633

1 1 , 523
11,601
11,522
11,927

293,370
296,840
294,174
293 , 779

?6,275
15,615
14,950
15,276

4,752
4,910
4,973
4,888

12,084
12,082
11,129
12,090

299,403
297,143
300 , 680
298,064

S6,407
$6,373
16,838
17,549
17,384

25i

37,628

4,620

29,149

,214

2,645

30,635

3,097

15,276

4,890

428

12,373

302,179

July

2
9
16
23
30

37,252
36,993
36,830
36,627
36,609

4,338
4,200
4,136
4,040
3,989

29,068
29,090
28,981
28,933
28,933

,139
2,707
,116
2,587
,120 j 2,593
2,541
,113
,114
2,573

35,636
33,594
35,247
30,198
29,515

2,880
2,977
3,020
3,038
3,106

15,208
55,133
17,848
15,637
14,741

5,171
4,773
4,995
4,950
5,018

441
470
453
455
470

12,767
12,480
12,396
12,351
12,536

308,521
303,817
305,904
300 , 650
299,268

Aug.

6
13
20
27

36,491
36,392
36,023
36,181

4,013
3,851
3,729
3,712

28,812
28,834
28,718
28,829

,118
,147
,110
,121

2,548
2,560
2,466
2,519

30,595
29,154
29,901
29,519

2,793
3,046
2,987
3,157

16,945
15,084
16,445
16,776

4,605
4,852
4,437
4,247

471
474
494
496

12,700
12,497
12,305
12,430

300,522
296,525
296,250
297,347

Sept.

3
10
17
24

36,091
36,484
36,472
36,200

28,753
28,891
28,917
28,825

,139
,139
,126
,123

2,509
2,580
2,525
2,506

30,714
31,886
32,699
29,279

4,727
5,077
4,807
4,341 !

508
517
520

12,834
12,852
12,715
12,856

299,617
30 1 , 2 1 1
303,212
298,760

1
8
15
22
29

35,876
35,655
35,599
35,247
35,268

28,628
28,571
28 , 526
28,328
28,298

094
083
116
107
106

2,467 1
2,386
2,421
2,377
2,431

32,976
30,025
36,300
29,799
30,237

2,989
3,009
3,032
3,131
2,947
2,932
3,026
3,1126
3,191

15,934
14,874
15,935 i
16,525

Oct.

3,690
3,874
3,904
3,746
3,687
3,615
3,536
3,435
3,433

Nov.

5
12
19
26

3,483
3,382
3,487
3,366

28,319
28,572
28,561
28,581

081
085
066
092

2,446
2,498
2,542
2,619

38,351
38,717
32,037
33,800

Dec.

3
10
17
24
31

35,329
35,537
35,656
35,658
35,604
35,571
36,296
35,854
35,683

3,425
3,366
3,591
3,465
3,360

28,477
28,580
29,030
28,698
28,597

085
,077

!092
088

2,617
2,548
2,564
2,599
2,638

33,526
31,628
34,765
32,287
36,822

31

64

48

^Dec.

28 |

For ^ see end of table.

Digitized for FRASER


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

278

508

520 i
559
557
557
559

13,361
12,985
12,958
12,870
13,019

303,697
298 , 1 59
308 , 1 30
297,786
299,709

2,858
3,544
3,358 ,
2,974 |

15,802
4,852
15,781 ! 4,835
17,429
5,579 !
15,236
4,452 '
4,374
16,431
17,195
5,361 i
5,153 !
16,261
16,920
4,799
16,231 i 4,840 ,

575 '
576
575 |i
587

13,262
13 , 1 64
13,107
13,035

310,756
309,985
303,118
305,439

3,180
3,333
3,336 !
3,042
3,408

4,813
16,732
15,932 | 4,567
17,485
4,971
16,765
4,627 !
16,182 :
6,021

593
609
620
648
657

13,271
13,147
13,126
13,333
1 3 , 546

305,754
303 , 588
312,532
308,498
316,416

15

526

15

36 ,'
j

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued
of dollars)
Demand deposits
Total
demand
and
time
deposits

Total

*^_i (^^^^^

Time and savings deposits

Foreign
Domestic
States
and
banks
U.S.
politGovical
ComernComMu- Govsubment
divimertual ernmersav- ments, cial
cial
sions
banks
etc.
ings
^^^^^ ^^^^^ ^^^^
^^^^^^^
tmm
Individuals,
partnerships,
and
corps.

Certified
and
officers'
checks

Individuals,
partnerships,
and corps.
Total
Savings

M^^^M ^^MMM

Other

States
and
political
subdivisions

^^^^^ ^^^^^

U.S.
Government

Date

mm^^

j^^^^^
1969

256,412
243,333
243,900
238,997
237,030

144,249
131,758
133,172
128,654
126,998

102,790
95,867
97,511
92,452
90,110

7,671
6,297
6,424
5,891
6,318

3,437
2,122
1,499
4,891
5,434

19,060
16,603
16,123
14,777
14,595

773
863
750
663
640

854
689
701
747
671

2,094
2,017
2,017
1,840
1,894

7,570
7,301
8,147
7,393
7,336

112,163
111,575
110,728
110,343
110,032

49,149
48,813
48,527
48,436
48,343

45,076
44,971
44,678
44,579
44,416

12,048
11,987
11,738
11,585
1 1 , 523

269
283
285
276
272

Jan.

1
8
15
22
29

238,792
237,960
236,840
233,959

129,094
128,443
127,535
124,746

90,070
90,893
89,452
89,130

6,708
6,441
6,413
6,272

5,410
4,426
5,160
3,882

15,900
15,847
15,651
14,915

686
685
646
593

675
677
689
625

1,859
1,963
1,910
1,829

7,786
7,511
7,614
7,500

109,698
109,517
109,305
109,213

48,322
48,312
48,322
48,336

44,314
44,311
44,162
44,199

11,311
11,191
11,058
11,025

273
267
267
267

Feb.

5
12
19
26

236,726
234,061
234,429
231,736

127,748
125,178
126,082
123,326

90,577
91,727
90,223
89,747

6,307
5,848
5,750
6,252

3,284
1,671
4,352
2,328

16,486
15,409
15,439
15,239

686
652
660
619

703
669
687
651

1,894
1,884
1,808
1,817

7,811
7,318
7,163
6,673

108,978
108,883
108,347
108,410

48,442
48,513
48,637
48,669

43,997
43,907
43,484
43,468

10,925
10,867
10,691
10,713

267
261
262
263

Mar.

5
12
19
26

237,070
233,618
240,947
235,826
241,716

128,681
125,529
133,627
128,545
134,767

93,161
91,788
95,898
91,517
92,701

6,257
5,878
6,031
5,747
7,005

2,003
1,286
4,581
4,670
6,946

16,260
15,812
16,046
15,307
16,316

776
817
716
636
631

691
670
748
717
789

1,927
1,893
1,911
1,890
2,036

7,606
7,385
7,696
8,061
8,343

108,389
108,089
107,320
107,281
106,949

48,653
48,340
47,913
47,812
47,737

43,419
43,402
42,967
42,957
42,908

10,718
10,797
10,961
11,019
10,812

260
260
258
258
260

Apr.

2
9
16
23
30

235,428
238,875
233,470
233,441

128,588
132,280
127,094
127,253

87,392
91,326
88,752
89,412

6,409
6,279
6,023
6,270

7,670
7,261
6,253
4,112

16,028
16,065
15,498
16,240

704
652
631
650

661
796
668
693

1,932
1,978
1,901
1,918

7,792
7,923
7,368
7,958

106,840
106,595
106,376
106,188

47,728
47,676
47,710
47,691

42,846
42,830
42,619
42,510

10,764
10,650
10,551
10,518

262
257
256
251

May

7
14
21
28

236,062
234,351
237,551
232,587

130,194
128,961
133,045
128,617

91,208
91,911
91,639
90,624

6,513
5,861
5,900
6,313

3,439
1,696
6,380
3,755

17,012
16,810
17,167
15,828

732
726
725
713

727
721
728
703

1,974
1,925
2,036
1,940

8,589
9,311
8,470
8,741

105,868
105,390
104,506
103,970

47,683
47,592
47,561
47,538

42,310
42,149
41,563
41,289

10,429
10,234
10,017
9,771

252
252
243
241

June

4
11
18
25

232,567

128,606

90,613

6,313

3,755

15,828

713

703

1,940

8,741

103,961

47,538

41,282

9,771

246

239,631
232,200
233,004
230,336
228,749

136,493
129,812
131,337
129,269
127,148

94,149
91,279
93,515
90,199
90,091

6,701
5,925
5,866
5,597
6,231

3,654
2,546
2,041
5,237
3,382

18,995
17,352
17,276
16,187
16,127

846
891
748
673
628

766
725
724
688
719

2,088
2,180
2,063
1,987
2,006

9,294
8,914
9,104
8,701
7,964

103,138
102,388
101,667
101,067
101,601

47,573
47,404
47,218
47,108
46,952

40,910
40,549
40,299
39,976
39,740

9,344
9,205
8,951
8,861
8,774

247
239
232
233
236

July

2
9
16
23
30

229,139
226,882
225,537
225,888

128,943
127.201
126,272
126,890

88,786
90,363
88,828
88,580

6,120
5,832
5,441
5,895

3,380
2,041
2,728
3,111

17,599
16,951
17,392
16,589

729
649
637
640

671
761
737
755

1,981
2,056
2,002
1,847

9,677
8,548
8,507
9,473

100,196
99,681
99,265
98,998

46,916
46,816
46,776
46,690

39,374
39,132
38,917
38,693

8,717
8,528
8,365
8,298

224
214
204
198

Aug.

6
13
20
27

228,147
229,781
231,395
226,740

129,567
131,507
133,403
128,842

91,904
91,608
92,411
88,739

6,361
6,211
5,755
5,979

1,228
1,291
4,633
5,474

18,183
18,762
17,782
16,157

671
695
707
645

716
685
722
727

2,065
2,147
1,997
2,048

8,439
10,108
9,396
9,073

98,580
98,274
97,992
97,898

46,653
46,599
46,554
46,532

38,588
38,457
38,312
38,179

8,145
8,085
7,936
7,886

199
195
196
196

Sept. 3
10
17
24

233,000
225,792
234,211
225,902
228,876

135,023
128,107
136,866
128,739
131,706

92,621
89,300
95,301
90,828
90,846

6,952
6,138
6,183
5,692
5,788

3,879
1,844
2,626
2,613
4,754

17,613
17,926
18,604
16,973
17,070

794
815
770
677
689

779
758
825
707
744

2,117
2,043
2,078
2,172
2,071

10,268
9,283
10,479
9,077
9,744

97,977
97,685
97,345
97,163
97,170

46,711
46,614
46,517
46,476
46,376

38,026
37,938
37 , 674
37,515
37,327

7,703
7,613
7,470
7,380
7,292

199
194
196
182
179

Oct.

1
8
15
22
29

236,932
236,351
229 , 303
232,011

140,191
139,742
132,850
135,679

92,738
94,250
92,653
93,761

6,885
6,006
6,200
6,603

3,567
2,764
3,600
4,622

20,311
19,863
17,381
17,908

805
750
661
621

826
783
720
733

2,222
2,159
2,162
2,186

12,837
13,167
9,473
9,245

96,741
96,609
96,453
96,332

46,411
46,344
46,344
46,332

37,015
36,824
36,746
36,698

7,085
7,030
6,913
6,816

181
175
170
165

Nov.

5
12
19
26

231,892
229,510
236,824
232,987
247,486

135,725
133,324
140,568
136,767
150,897

93,110
94,035
96,870
97,134
105,605

6,452
6,328
6,019
6,348
7,942

3,908
1,600
5,148
3,762
2,989

18,951
17,640
18,665
17,840
20,801

660
637
671
604
808

805
816
724
721
797

2,169
2,321
2,227
2,290
2,457

9,670
9,947
10,244
8,068
9,498

96,167
96,186
96,256
96,220
96,589

46,318
46,216
46,146
46,142
46,490

36,547
36,528
36,426
36,399
36,502

6,702
6,681
6,754
6,741
6,702

166
155
154
152
150

Dec.

3
10
17
24
31

453

254

212

19

12

199

146

47

Digitized for FRASER


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

279

25i

1 Dec. 31-4

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,

[In millions
Time and savings deposits (cont.)
Domestic
banks

Date

Commercial

Borrowings from -

Foreign

Mutual
savings

Governments,
etc.

Commercial
banks

Federal
funds
purchased,
etc.

F.R.
Banks

1969

Others

Reserves for
Other
liabilities,
etc.

Securities

Loans

Total
capital
accounts

Total
liabilities
and
capital
accounts

Jan.

1
8
15
22
29

581
525
522
499
494

141
119
111
106
99

4,621
4,609
4,603
4,594
4,620

279
268
264
267
267

149
117
860
727
658

7,881
11,479
10,969
10,509
10,672

16,584
18,296
18,898
19,358
19,111

3,368
3,493
3,496
3,495
3,497

21,998
21,914
21,945
21,941
21,976

303,023
295,139
296,575
291,534
289,476

Feb.

5
12
19
26

490
488
511
479

89
83
81
77

4,656
4,622
4,663
4,562

242
243
240
238

951
885
281
260

10,923
12,110
10,952
11,200

19,091
19,302
19,587
19,862

3,494
3,494
3,494
3,494

22,106
22,101
22,045
22,071

291,865
292,357
289 , 705
287,354

Mar. 5
12
19
26

485
487
462
466

78
77
77
78

4,549
4,539
4,509
4,522

234
234
226
231

538
557
630
701

12,772
12,250
12,399
12,296

20.024
20,571
20,944
20,936

3,498
3,500
3,500
3,497

22,230
22,222
22,161
22,185

292,290
289,660
290,561
287,853

Apr.

16
23
30

467
461
431
430
437

65
65
63
62
58

4,578
4,529
4,5084,512
4,513

231
235
219
230
225

833
518
789
1,001
2,175

12,648
13,796
13,754
11,996
11,749

19,974
20,342
20,607
21,602
20,973

3,530
3,522
3,523
3,522
3,524

22,315
22,329
22,262
22,264
22,479

292,840
290,603
298,360
292,692
299,090

May 7
14
21
28

441
446
439
445

50
50
49
48

4,523
4,458
4,528
4,503

226
228
224
222

648
343
804
1,280

13,612
14,570
15,514
14,158

21,158
20,547
21,922
22,417

3,524
3,524
3.524
3,525

22,524
22,505
22,464
22,483

293,371
296,841
294,174
293,779

June 4
11
18
25

447
443
427
424

46
46
45
45

4,487
4,464
4,444
4,445

212
211
204
211

700
300
565
1,049

16,331
15,044
14,974
15,201

23,673
24,826
25,026
26,633

3,527
3,526
3,525
3,521

22,637
22,622
22,564
22,601

299,404
297,144
300,682
298,064

251

422

45

4,445

211

12,799

1,049

2,463

27,017

3,529

126

22,629

302,179

2
9
16
23
30

421
405
404
401
396

45
41
39
38
38

4,384
5,494
4,531
5,282
5,901

213
212
210
200
188

12,803
14,091
13,559
12,542
13,431

290
439
1,797
648
689

2,779
2,813
2,801
2,848
2,872

26,548
27,817
28,351
27,883
28,077

3,561
3,562
3.561
3,561
3,561

124
124

!!?!
127 i

22,785
22,771
22,707
22,705
22,762

308,521
303,817
305,904
300,650
299,268

Aug. 6
20
27

393
392
398
397

39
39
38
36

5,379
5,502
5,441
5,659

187
190
194
195

15,364
14,190
14,052
15,019

814
151
855
1,100

2,733
2,923
2,947
2,602

25,873
25,774
26,323
26,185

3,567
3,562
3,559
3,570

125
119
120
112

22,907
22,924
22,857
22,871

300,522
296,525
296,250
297,347

Sept. 3
10
17
24

394
389
383
383

34
35
34
35

5,791
6,216
5,598
5,780

199
170
161
159

15,641
15,303
15,672
15,468

425
219
538
1,249

2,567
2,590
2,569
2,403

26,112
26,620
26,445 i
26,283

3,575
3,575
3,578
3,581

114
114
114
114

23,036
23,009
22,901
22 922

299,617
301,211
303,212
298,760

Oct.

1
8
15
22
29

380
373
379
377
384

31
31
24
21
17

6,309
5,383
5,542
6,564
5,960

159
161
163
161
171

14,719
16,051
16,720
15,932
15,409

851
612
964
418
905

2,486
2,593
2,593
2,659
2,302

25 T 819
26,267
26,848
26,116
25,384

3,607
3,608
3,600
3,593
3,600

113
114
112 j
120
113

23,102
23,122
23,082
23,046
23,120

303,697
298 , 1 59
308,130
297,786
299,709

Nov. 5
12
19
26

378
376
285
282

10
11
11
9

5,981
6,035
6,178
6,256

174
175
169
176

17,156
17,192
16,526
15,913

1,016
569
535
939

2,338
2,498
2,575
2,559

26,336
26,395
27,295
27,132

3,601
3,599
3,599
3,603

110
110

no
111

23,267
23,271
23,175
23,171

310,756
309,985
303,118
305,439

Dec.

277
277
278
276
271

10
10
9
10
8

5,784
6,007
6,321
6,174
4,637

182
184
185
184
183

16,254
16,982
18,660
18,325
13,541

626
520
557
576
110

2,822
2,733
2,643
2,683
2,771

27,114
26,802
26,936
27,003
25,263

3,623 i
3,631
3,635
3,629
3,808

104
101
98
85
79 .

23,319
23,309
23,179
23,210
23,358

305,754
303,588
312,532
308,498
316,416

44

526

July

3
10
17
24
31

> Dec. 31

23

For * see end of table.

Digitized for FRASER


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

280

:::: "

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued
of dollars]
Memoranda

Total
loans
(gross)
ad-

justed

Total
loans
and

investments
(gross)
ad-

De-

mand
deposits

Large negotiable
time CD's
included in time
and savings deposits

ad-

justed

justed

Total

Gross
liabilities of
banks

Date

to

Issued

Issued

IPC's

others

their
foreign
branch-

to

to

es

1969

161,820
159,762
158,870
157,500
156,681

230,145
226,729
225,287
223,894
222,538

88,879
84,598
84,604
81,643
81,116

22,804
22,359
21,770
21,327
21,015

14,533
14,220
13,824
13,502
13,282

8,271
8,139
7,946
7,825
7,733

6,106
7,485
8,083
8,536
8,545

Jan. 1

157,481
158,349
157,228
157,578

222,936
223,416
220,843
220,774

79,517
80,605
77,984
79,830

20,587
20,466
20,109
19,954

13,077
12,971
12,655
12,586

7,510
7,495
7,454
7,368

8,533
8,273
8,531
8,822

Feb. 5

158,626
158,349
159,030
158,350

222,355
221,663
220,050
221,279

78,902
79,904
78,080
79,491

19,571
19,379
18,795
18,770

12,306
12,127
11,655
11,640

7,265
7,252
7,140
7,130

9,113
9,382
9,715
9,621

Mar. 5

159,637
159,701
163,301
161,614
162,394

223,702
223,752
227,287
224,629
225,569

81,882
81,278
82,179
79,704
79,370

18,609
18,482
17,981
17,980
17,600

11,447
11,349
10,975
11,005
10,817

7,162
7,133
7,006
6,975
6,783

9,206
9,511
9,694
10,281
9,405

Apr. 2

166,490
163,856
161,852
161,977

225,028
225,879
222,912
222,737

76,021
77,956
76,341
77,039

17,475
17,386
17,117
16,950

10,742
10,737
10,515
10,387

6,733
6,649
6,602
6,563

9,976
9,545
10,095
9,868

May 7

163,730
164,482
167,442
166,297

224,966
225,606
228,629
226,749

77,028
78,851
76,144
78,396

16,606
16,256
15,613
15,255

10,143
9,933
9,417
9,214

6,463
6,323
6,196
6,041

10,808
11,853
13,057
13,269

June 4

169,930

230,146

78 , 385

15,252

9,211

6,041

13,269

170,476
169,676
168,167
168,022
168,039

230,547
229,163
227,161
228,490
228,117

78,210
76,317
76,776
77,650
78,126

14,712
14,353
13,885
13,750
13,518

8,881
8,631
8,296
8,157
7,932

5,831
5,722
5,589
5,593
5,586

12,826
13,833
14,261
14,369
14,434

July 2

167,104
166,578
165,830
165,145

77,367
79,058
76,249
77,673
79,445
79,568
78,295
77,935

13,263
13,131
12,828
12,592

7,697
7,584
7,347
7,184

Aug. 6

12,249
12,057
11,799
11,732

7,015
6,908
6,678
6,571

5,566
5,547
5,481
5,408
5,234
5,149
5,121
5,161

14,177
14,304
14,776 '
14,657

166,456
168,270
168,710
167,685

226,714
225,888
224,108
224,743
225,884
228,045
228,297
226,109

14,571
14,919
14,592
14,349

Sept. 3

168,814
168,092
168,639
168,445
167,504

226,876
225,494
226,567
225,472
226,122

80,556
78,310
79,335
79,356
79,646

11,700
11,647
11,549
11,384
11,511

6,403
6,346
6,233
6,015
5,902

14,118
14,609
14,970
14,310
13,649

Oct. 1

168,525
168,449
168,052
168,483

227,288
226,960
226,354
228,023

77,962
78,399
79,832
79,350

11,452
11,436
11,388
11,305

5,818
5,762
5,861
5,787

5,297
5,301
5,316
5,369
5,609
5,634
5,674
5,527
5,518

14,415
14,369
15,048
14,903

Nov. 5

168,748
168,993
172,101
172,447
175,756

228,019
228,542
231,970
231,572
235,296

79,342
82,456
81,988
82,877
90,288

11,146
11,178
11,135
11,056
10,919

5,680
5,632
5,558
5,155
5,399

5,466
5,546
5,577
5,541
5,520

14,815
14,604
14,614
14,430
13,032

Dec. 3

300

420

223

Digitized for FRASER


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

8
15
22
29
12
19
26
12
19
26

9
16
23
30
14
21
28

11
18
25
25i
9
16
23
30
13
20
27
10
17
24

8
15
22
29

12
19
26

10
17
24
31

Dec.31 4

281

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,

(In millions
Loans
Federal funds sold, etc.

Other
1

To brokers
and dealers
involving

Total
loans
and
investments

Date

Total

To
commercial
banks

For purchasing
or carrying securities
C
mer-

U.S.
Treasury
securities

others

Other
securities

Total

Agmeisltural

and
industrial

To brokers
and dealers

To nonbank
financial
institutions

y0
others

i Personal
U.S.
U.S.
!
and
Treas- Other Treas- Other
ury
ury
securi- sales Other
securities
securities
finance
seeuriCOS.,
ties
ties
etc.

1970
Jan,

7
14
21
28

237,795
235,134
232,743
232,310

6,305
5,957
5,668
6,751

5,732
5,266
5,405
6,499

182
482
65
106

232
129
137
97

159
80
61
49

172, 35(
170,548
169,265
167,984

79,802
79,094
78,823
77,956

2,003
2,004
2,010
2,003

Feb.

4
11
18
25

231,948
231,127
230,882
230,970

6,304
6,070
6,460
6,128

5,972
5,792
6,288
5,825

145
100
73
121

97 I
132
71
107

90 :
46
28
75

168,493
167,776
167,523
167,796

78,029
78 , 126
78,198
78,037

1,983:
1 ; 984jj
1,99411
1,996

Mar.

4
11
18
25

233,826
232,584
233,246
232,951

6,898
6,458
6,424
5,836

5,658
5,462
6,016
5,427

972
731
207
237

173
234
154
106

95
31
47
66

168,477
167,529
168,268
168,339

78,333
78,271
78,972
78,496

2.006
i;997;
2,005
2,007

1.043
'817
429
594

3.113
3J40I
3.213.!
3,542

96
94
98
UK)

2,373
2.360
2,368
2,361

5,663
5,210
5,373
5,407

5,496
5,447
5,436
5; 438

Apr.

t
8
15
22
29

238,533
236,335
238,478
235,597
235,615

7,679
6,875
6,812
5,830
6,197

6,507
5,392
6,063
5,330
5,791

785
1,141
637
326
312

225
253
90
99
31

162
89
22
75
63

170,290
1 68 , 485
170,339
168,777
168,552

78,743
78,213 ;
79,225
79,071
78,566

2,017,
2,009
2,034
2,036
2,025

758
1.110
890
586
789

3,965!
3,259
3,548
3,295
3,278

101
100
99
98
99

2,367
2,359
2,357
2,350
2,327

5,992
5,563
5,965
5,619
5,556

5,650
5,595
5,575
5.549
SJSSS

May

6
13
20
27

236,643
235,591
234,274
235,231

6,708
7,249
5,980
6,216

6,252
6,728
5,642
5,693

265
346
196
360

82
74
71
84

109
101
71
79

169,205
167,974
167,806
167,582

79,027
78,598
78,365
77,910

2,025
2,018;
2,022
2,031

546
477
641
513J

3,310 !
3,019
3.1831.
3J277

100
97
95
92

2,327
2,308
2,301
2,290

5,803,1 5,504
5,495; 5,439
5,352 5.469
5,355 5,512

to

17
24

234,609
234,311
236,880
236,036

6,293
6,602
6,457
6,717

5,841
6,204
6,016
6,157

259
260
159
319

106
100
148
121

87
38
134
120

167,744
167,379
169,829
1 69 , 626

78,086
78,267
79,914
79,564

2, 044
2,048:
2,064
2,072

49ol 3.206
393 2,728
347 2.870 !
375' 2i981:

94
91'
95:1
93

July

1
8
15
22
29

240,221
240,013
238,539
239,557
238,622

7,387
6,727
5,866
7,745
5,885

6,809
6,161
5,519
7,006
5,071

209
208
49
437
552

172
166
128
154
140

197
192
170
148
122

172,488
172,069
172,094
171,993
171,469

80,094
80,013
80,096
79,912
79,319

2,088
2,072
2,080
2,074
2,054:

447'
563
274
498
786

3.175 :
2,981
2,8571:i
2,871
2,739

96
102
105!
104
104

Aut?.

5
12
19
26

242,195
240,498
241,110
241,265

7,938
7,064
6,560
6,845

7,342
6,105
5,791
5,981

298
661
537
623

198
139
168
192

100
159
64
49

172,121
171,501
171,695
171,289

79,349 ! 2,058
79,389 2.050
79,117 2,041
79,219 2,029j

Sept.

2
9
16
23
30

243,357
243,880
247,051
243,899
245,838

7,644
7,662
8,192
6,322
6,546

6,265
6,173
6,087
5,298
4,936

1,036
1,106
1,778
662
1,160

227
175
207
240
255

116
168
120
122
195

172,264
172,693
174,205
173,426
174,441

79,504
79,716
80,882
80,794,
81,154

2,028
2,026
2,013 :
2,026
2,010

747
928
836:!
721 [I
5541

3,086
2.7561
3.061
2;833!
3,104!

Oct.

7
14
21
28

247,222
246,378
246,900
246,386

7,421
7,062
6,343
7,177

6,038
6,121
5,470
5,835

985
601
568
1,042

273
266
203
200

125
74
102
100

175,457
174,178
173,837
172,890

80,839
80,751
80,549
79,968

2,007
2,018
2,024
2,016

938
615
591
846

Nov.

4
11
18
25

250,436
250,338
249,871
247,828

9,401
9,092
8,258
6,763

7,470
7,026
6,740
5,820

1,477
1,716
1,134
574

285
254
255
270

169
96
129
99

174,221
173,946
173,164
172,776

80,117
80,235,
79,981
79,913

2,016'
2,008
2,000
2,003

1,021
1.200
'771
739

Dec.

2
9
16
23
30

252,985 9,109
253,464 8,967
257,211 9,244
258,802 9,624
261,028 10,251

8,079
6,633
7,978
7,773
8,000

592
1,742
635
1,266
1,699

300
365
429
457
295

138
227
202
128
157

173,859
174,089
176,616
177,625
178,583

80,132
80,095
81,416
81,234
81,693

2,002;
1,982
1.987
1,979
1,981

1,113 3.633
1,608 3,549,
771 4,1861
1,677 4.459
1,685. 4J403

^Dee.

31

833

201

60:

June

1,284

15

15

For +- see end of table.

Digitized for FRASER


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

282

1,135
1,104
599
555

3,321
3,069
2,988
2,898

458! 3,266
397 2 ". 938
402 2,886
673 3,108.

100
104
98
94

2,474
2,454
2,426
2,413

87 2,395
89 2 , 389
91 2,378
91 2,370

6,176
5,847
5,783
5,467

5,941
5,823
5,812
5,770

5,893 5,763
5,735 ! 5,616
5,571 : 5,597
5,512 5,538

2,299 5,459
2,284 5,544
2.323 1 5,871
2,279, 5,767

5,611
5,501
5,681
5,686

7,118
7,148
7,494
7,560
7,259

5,879
5,811
5,759
5,770
5,794

104 2,311 7,402


105': 2,329 7,176
I04'i 2,355; 7,156
103 2,301 6,848

5,778
5,788
5,818
5,816

103
105
105,;
102::
104

2,299 7,148
2,309 71 193
2 ",322; 7J280
2,316 6,897':
2,329, 7,272 i

5 , 889
5,851
5,855
5,394
5,957

3.212
3,100
3,283
3, 2171

101
102
102J
103

2,293 7 , 1 5 1
2, 276| 7 , 1 1 8
2,286 7,008
2,270 6,546(

6,010
6,052
6,045
6,027

3,438'
3,462;
3.502!
Si 379

102: 2,291
100 2,275
100 2,273
I02 j 2J317;.

6,989
6,724
6,458
6,472

6.026
5|963
5,995
6,017

102
104
104;
105
130

2,305
2,392
2^330!
2,348'
2,342

6,575|
6.570
7; 346
7,251
7,437;

6,029
5,693
6,049
6,123
6,203

735,' 2.927
692 2,781
1.036 2,845
973 2,874

2,269
2,312
2 . 323
2,280
2,305

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued
of dollars)
Loans (cont.)

Investments

Other (cont.)

U.S. Treasury securities


Notes and bonds
maturing

To commercial
banks

Date
Real
estate

Foreign

Domestic

Consumer
instalment

Foreign
govts .

AH
other

Total

14,410
14,065
13,866
13,941

23,454
23,151
22,602
22,435

Bills

Certificates

Within
lyr.

I to
Syrs.

After
5 yrs.

3,490
3,571
3,681
3,672

13,353
13,220
13,074
13,007

2,920
2,880
2,872
2,853

1970
Jan.

7
14
21
28

Feb.

4
11
18
25

Mar.

4
11
18
25

Apr

1
8
15
22
29

498
485
459
474

1,463
1,507
1,493
1,487

33,603

489

1,443

20,254

935

13,895

22,057

2,695

3,662

12,972

2,728

33,527
33,520
33,522

497
491
499

,489
,447
,511

20,249
20,216
20,216

944
949
956

13,796
13,783
13,767

21,864
21,561
21,534

2,499
2,058
2,150

3,670
3,060
2,874

12,990
13,808
13,853

2,705
2,635
2,657

33,445

503

,410

20,174

951

13,871

22,344

2,972

2,934

13,850

2,588

33,435
33,476
33,485

453
449
486

,460
,544
,461

20,179
20,135
20,165

948
985
965

13,718
13,785
13,832

22,120
21,919
21,872

2,808
2,563
2,526

2,925
3,063
3,157

13,816
13,750
13,690

2,571
2,543
2,499

33,474

499

,459

20,205

1,040

14,020

23,617

4,230

3,226

13,635

2,526

33,425
33,464
33,446
33,401

467
422
437
447

,428
,442
,351
,327

20,163
20,192
20,204
20,274

1,015
993
977
996

13,779
13,833
13,758
13,912

23,362
23,427
22,967
22,878

3,899
3,986
3,499
3,423

3,340
3,377
3,420
3,407

13,614
13,588
13,610
13,634

2,509
2,476
2,438
2,414

33,358
33,425
33,417
33,469

468
417
403
452

,342
,355
,317
,420

20,309
20,369
20,380
20,413

993
987
984
991

14,093
13,970
13,877
13,857

22,426
22,055
22,652
22,779

2,965
2,645
2,335
2,510

3,443
3,412
3,181
3,367

13,616
13,618
14,723
14,513

2,402
2,380
2,413
2,389

May

33,439
33,514
33,510
33,559

472
481
472
488

,458
,412
,439
,458

20,437
20,445
20,487
20,550

976
994
979
973

13,673
13,677
13,777
13,781

22,662
22,292
22,224
21,655

2,487
2,297
2,266
1,813

3,392
3,389
3,421
3,443

14,393
14,266
14,213
14,130

2,390
2,340
2,324
2,269

June

3
10
17
24

33,526
33,509
33,557
33,612
33,620

509
412
413
397
425

,465
,499
,563
,446
,445

20,673
20,729
20,740
20,739
20,919

941
959
972
951
986

14,208
13,959
13,861
13,779
13,714

22,035
23,340
22,567
22,016
23,378

2,090
3,519
2,829
2,312
3,734

3,522
3,570
3,620
3,663
3,694

14,190
14,086
14,015
13,953
13,913

2,233
2,165
2,103
2,088
2,037

July

1
8
15
22
29

33,639
33,702
33,747
33,712

441
381
430
402

,455
,476
,426
,417

20,954
20,968
20,999
21,045

971
976
942
921

13,997
13,688
13,679
13,629

23,706
23,468
24,334
24,556

3,724
3,520
3,262
3,486

4,074
4,052
3,562
3,627

13,876
13,847
14,936
14,834

2,032
2,049
2,574
2,609

33,743
33,770
33,876
33,917
33,939

402
362
417
409
424

,374
,482
,415
,512
,428

21,117
21,128
21,130
21,195
21,250

909
959
967
936
926

13,915
14,110
14,104
13,874
13,990

24,764
24,710
24,625
24,402
24,793

3,750
3,791
3,844
3,689
4,195

3,605
3,561
3,545
3,564
3,570

14,806
14,761
14,726
14,691
14,648

2,603
2,597
2,510
2,458
2,380

Sept

33,985
34,005
34,032
34,065

398
438
397
406

,507
,507
,616
,580

21,273
21,293
21,291
21,353

924
934
898
884

13,819
13,969
13,715
13,609

24,705
24,387
25,857
25,953

4,225
3,920
5,260
4,873

3,553
3,596
3,715
3,773

14,585
14,532
14,556
14,631

2,342
2,339
2,326
2,316

Oct

7
14
21
28

34,077
34,074
34,059
34,077

428
367
410
410

,551
,558
,514
,590

21,358
21,324
21,349
21,358

904
917
917
887

13,903
13,739
13,835
13,512

25,710
25,533
25,606
26,211

4,925
4,719
4,474
4,276

4,053
4,034
3,732
3,734

14,383
14,436
15,505
15,409

2,349
2,344
2,795
2,792

Nov.

4
11
U
25

34,059
34,013
34, 104
34,111
34,035

402
365
369
380
405

,591
,616
,559
,631
,609

21,336
21,298
21,428
21,525
21,628

869
846
849
871
870

13,711
13,688
14,118
13,931
14,162

27,364
27,284
27,349
27,573
28,061

5,496
5,279
5,328
5,693
6,078

3,819
3,943
4,143
4,137
4,209

15,256
15,270
15,123
14,978
15,061

2,793
2,792
2,755
2,765
2,713

Dec.

2
9
16
23
30

280

230

33

26

55

106

18

Dec.

31 4

33,673
33,685
33,695
33,714

Digitized for FRASER


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

20,387
20,323
20,259
20,252

967
984
954
960

283

3,691
3,480
2,975
2,903

6
20
27

,1

19
26

2
16
23
30

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
(In millions
Investments (com.)
Other securities
Date
Total

Obligations
of States
and political
subdivisions

Cash
items
in
process
of
eolleetion

Other bonds,
corp. stocks,
and
securities

C ur .
rency
and
coin

vvith
domestic
banks

Tax
warrants

All
other

35,686
35,478
35,208
35,140

3,424
3,391
3,292
3,283

28,570
28,523
28,391
28,268

1,083
1,037 1
1,022
1,021

2,609
2,527
2.503
2,568

33,170
34,161
32.470
29,469

3,376
3,413
3,255
3,267

35,094
35,417
35,338
35,512

3,302
3,376
3,321
3,383

28,191
28,361
29,369
28,241

999
999
1,002
1,025

2,602
2.681
2!646
2,863

32.626
32,114
34,194
31,123

2,930
3,089
3,149
3,310

36,107
36,477
36,635
36,904

3,693
3,855
4,023
4,089

28,496
28,515
28,678
28,664

,052
,061
,025
,082

2,866
3,046
2,909
3,069 '

34,593
32.536
34,463
29 , 248

36,947
37,613
38,200
38,023
37,988

4,087
4,469
4,826
4,870
4,862

28,610
28,913
29,156
28,981
28,926

,091
,113
,103 ,
,054
,039

13
20
27

38,304
38,313
37,836
37,654

4,994
4,993
4,758
4,670

29,154
29,171
29,043
28,963

June

3
10
17
24

37,910
38,038
38,370
38,038

4,828
4,984
5,253
5,018

July

1
8
15
22
29

38,311
37,877
38,012
37,803
37,890

Certif.
of participation

R'1
Bdl-

Reserves
with
F.R.
Banks

All
other

Investments
in subsidiaries not
consolidated

Other
assets

Total
assets

1
1

1970
Jan.

17,306
16,779
18.784
16,960

5,407
4,664
4,876
4,502

633
636
637
63?

13,326
1,5,155
13,012
12,994

310, 813
307,942
305,77?
300,139

17.989
17,453
16,282

4,922
4,831
4,844
4,758

637
636
641
641

1 3 , 420
13,466
13,257
13,198

304,472
302,161
304,420
300,282

2,865 :
3,094 ii
3,098
3,189

15,920
15 ?06
1 7 , 762
16,861

4,790
4,479
4,662
4,379

646
649
666 1
667 '

13,561
13,548
13,449
13,595

306,201
302,096
307,346
300,890

3.159
3J118 j
3,115 1
3.118
3,161

3,099 ii
33,870
32,065 ; 4,581
38,628 . 3,131 ':
31,456
3,228
30,550 3,223

17.357
14^06
18.384
17 977
16,787

5,767
4,669
5,123
4,502
4,291

676
676
678
677
687

13,851
13,402
13,447
13,724
13,789

313,153
306,634
317,869
307,161
304,942

,019
,092
,012
,017

3,137
3,057
3,023
3,004

32,803
31,314
31,632
31,408

2,956 :
3,252
3,210
3,295

17.747
J6!92J
17,049
15,967

5,039
4,708
4,722
4,542

683
685
688
689

13,996
13,840
13,807
13,811

309,867
306,311
305,382
303,943

29,026
28,978
29;097
28,918

,006
,016
,008
998

3.050
3,060
3,012
3,104

33,677
28,962
30,283
30,005

3,071
3,189
3,257
3,368

17.159
16.203
17,055
15,530

4,982
4,846
5,499
4,519

695
699
TOO
702

14,134
14,258
14,041
14,190

308 , 327
302,468
307,715
304,350

4,904
4,760
4,857
4,768
4,770

29,170
28,957
29,016
28,913
28,946

,012
,000
,018

3,225
3,160
3,157
3,141
3,156

34,012 !! 3,142
3,145
30,56!
3,267
33,834
3,302
30,278
3,384
26,853

16.587
16,746
1 8 , 575
16,797
16,544

5,098
4,593
5,038
4,550
4,545

705
702
707
707
709

14,440
14,016
14,030
13,833
14,010

314,205
309,776
313,990
309,024
304,667

12
19
26

38,430
38,465
38,521
38,575

4,963
5,076
5,084
4,983

29,073
29,095
29,146
29,132

,045
,014
,030
,039

3,349
3,280
3,261
3,421

28,507
27,611
29,994
28,889

2,976
3,258 !
3,254 !
3,379 ;

17.628
16^712
17.597
17^738

4,834
4,547
4,713
4,856

711
706
706
705

14,154
14,042
13,886
14,010

311,005
307 , 374
311,260
310,842

2
9
16
23
30

38,685
38,853
40,031
39,749
40,058

5,086
5,167
5,769
5,580
5,681

29,164
29,230
29,839
29,705
29,815

,024
,045
,049
,039
,042

3,411
3,411
3,374
3,425
3,520

29,844
29,949
33,174
28 , 1 98
32,851

3,243
3,282
3,354
3,428
3,306

17.719
17.252
16,768
1 8 , 1 29
17,895

4,757
5,464
5,872
4,919
5,896

705
710
709
710
704

14,334
14,249
14,191
14,078
14,345

313,959
314,786
321,119
313,361
320,835

40 , 639
40,751
40,863
40,726

5,865
5,759
5,754
5,712

30,174
30,149
30;312
30,211

,033
,054
,036
,024

3,567
3,789
3,761
3,779

29,430
32,724
30,861
27,148

3,157
3,419
3,434
3,535

1 7 , 672
18,444
18,214
17,029

5,649
6,127
5,685
6,060

704
705
706
714

13,991
13,732
13,881
13,990

317,825
321,529
319,681
314,862

41,104
41,767
41,943
42 , 078

5,936
5,904
5,895
5,859

30,174
30,636
30,812
30,817

,108
,109
,150
,161

3,886
4,118
4,086
4,241

34,682
28 , 248
31,111
29,467

3,163
3,332
3,450
3,294

16,787
15,415
1 7 , 695
17,857

6,467
6,196
6,024
5,721

715
716
716
716

14,498
14,074
13,929
14,218

326,748
318,319
322,796
319,101

9
16
23
30

42,653
43,124
44,002
43,980
44,133

6,291
6,323
6,526
6,247
6,243

30,741
31,206
3 1 , 680
31,791
31,952

,208
,173

222

'251
,238

4,413
4,422
4,574
4,691
4,700

31,502
29,404
33,732
32,689
33,532

3,477
3,530
3,558
3,427
3,835

18,894
15,256
19,634
17,876
16,429

6,261
5,865
6,274
6,461
6,859

716
716
714
717
716

14,716
14,522
14,728
14,655
14,719

328,551
322,757
335,851
334,627
337, I IH

31

231

21

169

36

18

43

63

67

-3

75

1,547

14
21
28
Feb.

Mar.

11
18
25
4

It
18
25
Apr.

8
15
22
29
May

Aug.

Sept.

Oct.

Nov.

Dee.

^Dcc.

14
21
28
11
18
25

16>8 98

ii

982
981

For ^ see end of table.

Digitized for FRASER


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

284

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70ConHnued
of dollars)
Demand deposits
Total
demand
and
time
deposits
_

Total

^^HHM^^^^

Individuals,
partnerships,
and
corps.
^^^HMMM

States
and
political
subdivisions

^ ^

U.S.
Government
^^^^

Time and savings deposits

Domestic
bank

Commercial

Mutual

savings

Foreign

Gov- Commerernments, cial


banks
etc.

Certified
and
officers'
checks
mf^^^

^M^M

Individuals,
partnerships,
and corps.

^^_

States
and
political
subdivisions

Total
Savings
^W^^^M ^M^HHM

Other

U.S.
Government

Date

^^^^m

^_^

1970
237,228
233,305
231,318
226,863

140 976
137,598
136 052
131,846

98,643
97,933
94,166
92,209

6,485
6,181
6,220
6,371

2,980
1,559
3,577
4,474

19,272
17,972
17,618
16,239

908
787
683
645

778
732
715
745

2,196
2,253
2,273
2,260

9,714
10,181
10,800
8,903

96,252
95,707
95,266
95,017

46,436
46,142
45,966
45,806

36,181
35,972
35,768
35,642

6,649
6,650
6,606
6,620

148
134
133
130

Jan.

230,221
227,401
230,010
227,533

135,328
132 284
134*659
131,912

92,012
90,273
90,392
90,335

6,739
6,528
6,226
6,323

5,088
4,095
5,581
5,473

17,645
17,492
17,544
16,995

690
640
653
611

709
736
826
753

2,200
2,238
2,137
2,272

10,245
10,282
1 1 , 300
9,150

94,893
95,117
95,3St
95,621

45,734
45,667
45,641
45,618

35,607
35,621
35,642
35,658

6,649
6,624
6,655
6,764

107
107
109
100

Feb.

232,039
228,165
232,644
228,116

136 146
131,897
135 912
130,762

91,594
91,014
90,243
89,223

6,512
5,966
5,983
6,360

5,365
2,961
5,509
4,018

18,558
17,907
18,570
16,643

610
571
558
489

837
713
760
788

2,191
2,180
2,850
2,370

10,479
10,585
11,439
10,871

95,893
96,268
96,732
97,354

45,677
45,783
45,931
45,982

35,675
35,774
35,845
36,220

6,914
6,999
7,117
7,234

99
98
101
102

Mar. 4

239,359
233,103
242,529
233,073
231,066

141,130
134 650
143,901
134 014
131,785

97,061
93,821
98 , 560
94,334
91,693

6,850
5,976
6,619
6,071
6,458

4,119
2,706
3,381
3,493
4,281

18,952
17,866
19,043
17,213
16,407

795
836
735
608
587

900
750
841
708
756

2,387
2,415
2,327
2,384
2,252

10,066
10,280
12,395
9,203
9,351

98,229
98,453
98,628
99,059
99,281

46,205
46,139
45,897
45,870
45,869

36,534
36,559
36,493
36,581
36,785

7,566
7,912
8,387
8,755
8,918

116
114
124
131
128

Apr.

233,479
229,704
231,653
230,024

134,258
130,392
132,140
130,554

90,088
90,872
90,000
91,017

6,923
6,329
6,371
6,353

4,47!
2,677
6,136
3,760

19,034
18,261
17,825
17,108

826
623
549 1,054
767
528
718
536

2,159
2,296
2,120
2,171

10,134
8,354
8,393
8,891

99,221
99,312
99,513
99,470

45,964
45,969
46,058
46,066

36,753
36,872
36,831
36,919

8,983
8,970
8,985
8,972

107
107
107
108

May

233,537
226,877
233,013
230,185

134,001
127 279
133 623
130,510

91,547
91,515
93,161
90,119

6,290
6,034
6,508
6,607

3,440
1,332
6,001
5,075

18,960
17,301
17,816
17,182

566
559
530
492

768
776
785
873

2,210
2,172
2,095
2,178

10,220
7,590
6,727
7,984

99,536
99,598
99,390
99,675

46,113
46,136
46,152
46,165

37,033
37,092
37,099
37,319

8,940
8,874
8,751
8,713

110
111
113
115

June

3
10
17
24

240,666
235,533
239,301
235,278
235,164

139,086
132 736
135,393
130 037
128,669

95,253
91,368
94,887
91,602
91,029

7,654
6,177
5,901
5,391
5,695

5,112
5,429
3,982
4,250
4,887

18,802
18,674
19,419
18,285
17,072

759
799
649
572
564

816
779
829
743
889

2,307
2,158
2,230
2,267
2,293

8,383
7,352
7,496
6,927
6,240

101,580
102,797
103,908
105,241
106,495

46,414
46,432
46,385
46,396
46,335

38,509
9,166
39,311
9,478
40,171 [ 9,873
41,116 10,105
41,862 10,461

131
137
144
146
162

July

1
8
15
22
29

237,391
235,363
240,457
240,318

129,812
127,122
131 738
130,597

90,747
91,204
91,275
90,761

6,305
5,978
5,586
5,771

3,789
2,791
6,185
5,555

18,591
17,778
18,436
17,728

632
581
549
510

839
799
779
711

2,104
2,228
2,202
2,142

6,805
5,763
6,726
7,419

107,579
108,241
108,719
109,721

46,367
46,362
46,365
46,323

42,371
42,596
43,269
43,982

10,805
10,998
1 1 , 107
11,289

206
224
240
240

Aug.' 5

242,240
242,663
250,018
243,595
253,653

131 607
131, 505
138 347
130,725
140,018

93,030
93,491
97,216
91,794
94,516

6,194
5,758
6,357
6,056
7,682

3,815
2,931
4,690
5,916
5,798

18,235
18,470
19,494
17,413
20,962

567
621
553
504
657

787
745
823
770
851

1,948
2,347
2,205
2,173
2,191

7,031
6,872
7,009
6,099
7,361

110,633
1 1 1 , 1 58
1 1 1 , 67 1
112,870
113,635

46,327
46,394
46,402
46,464
46,811

44,897
45,347
45,858
46,881
47,540

11,455
11,453
11 , 542
1 1 , 660
11,612

248
270
273
304
298

Sept. 2
9
16
23
30

247,744
250,749
249,165
245,852

133,533
136,184
134 487
131,032

92,320
96,385
92,919
92,376

6,256
5,803
5,716
5,925

4,089
2,601
5,035
3,722

20,352
20,398
19,777
19,382

737
692
607
623

778
796
773
765

2,213
2,167
2,192
2,119

6,788
7,342
7,468
6,120

114,211
114,565
114,678
114,820

46,893
46,935
47 , 024
47,013

48,030
48 , 599
48,781
49,086

11,711
1 1 , 594
11,619
11,615

292
297
296
289

Oct.

253,614
245,433
250,397
248,952

138,817
130,044
134,757
132,521

95,083
91,807
94,541
93,762

7,002
6,167
6,659
6,390

3,057
2,090
4,012
3,569

22,252
20,279
19,672
19,186 i

759
679
583
537

789
823
743
757

2,192
2,182
2,402
2,216

7,683
6,017
6,145
6,104

114,797
115,389
115,640
116,431

47,121
47,186
47 , 290
47,334

49,223
49,598
49,813
50,431

U,498
11,655
11 , 667
11,755

283
295
305
332

Nov. 4

255,986
252,192
262,649
262,505
266,798

139,560
134,880
144,630
143,666
147,355

96,854
94,657
99,827
99,583
103,149

6,808
6,220
6,379
6,361
6,774

4,220
2,397
5,410
6,004
4,380

20,752
21,123
21,516
20,931
21,704

801
581
769
572
807
543
839
551
627 1,013

2,288
2,323
2,348
2,333
2,386

7,256
6,819
7,800
7,064
7,322

116,426
117,312
118,019
118,839
119,443

47,475
47,568
47,611
47,708
48,035

50,376
50,954
50,927
51,363
51,650

11,886
12,182
12,921
13,264
13,329

325
327
320
313
317

Dec.

1,337

573

506

29

25

11

764

447

250

46

Digitized for FRASER


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

285

14
21
28

11
18
25
11
18
25

8
15
22
29

13
20
27

12
19
26

14
21
28
11
18
25

9
16
23
30

9 Dec. 3H

WEEKLY REPORTING BANKS


4.1 ASSETS AND
B. LARGE COMMERCIAL BANKS,
[In millions

Domestic
banks

Date

Commercial
1970

Foreign

Mutual
savings

Governments,
etc.

Commercial
banks

Federal
funds
purchased,
etc.

F.R.
Banks

Securities

Total
liabiland
capital
accounts

4,026
4,030
4,024
4,026

83
83
81

807

25,822
26,128
25,653
25,685

77

23,339
23,318
23,276
23,334

310,813
307,942
305,777
300,139

926
807
469
522

2,857
2,860
2,839
2^12 j

25,966
25,684
25,526
25,250

4,032
4,031
4,031
4,033

78
78
78
77

23,528
23,496
23,462
23,449

304,472
302,161
304,420
300,282

237
346
456

2,816
2,772
2,683
2,543

25,516
25,107
25,516
24,699

4,037
4,033
4,036
4,033

76
75
74
74

23,614
23,618
23,504
23,500

306,201
302 096
307,346
300,890

422
300

2,485
2,620
2,493
2.349
2i 476

24,622
24,819
24,646
24,612
24,911

4,041
4,039
4,038
4,037
4,037

74
73
72 i
74

74

23,654
23,689
23,653
23,613
23,654

313,153
306,634
317,869
307,161
304,942

340 !
709

2,539
2.396
2.390
2,253

25,161
25,089
25,560
25,536

4,036
4,036 i
4,036 i
4,036

75
74
74
75

23,823
23,800
23,751
23,814

309,867
306,311
305,382
303,943

1,063

2,113
2,123
2,046
1,971

25,234
25,468
25,756
25,902

4,039
4,039
4,040
4,030

75
74
75
76

23,918
23,913
23,810
23,815

308,327
302,468
307,715
304,350

1,402
1,837
1,044

671

25,203
25,343
25,573
24.963
23;903

4,016
4,019
4,015
4.014
4;019 i

77

652

,966
,916
,896
902
>ll

76 '
75
75
75

314,205
309,776
313,990
309,024
304,667

513
354
725
941

847
,809
,668
,659

23,811
23,727
23,953
24,354 i

4,014
4,013
4,014
4,015

75
74
75

74

23,940
24,007
23,920
23,906
23,945
24,100
24,079
24,029
24,064

767
447
180

,767
,734
,623
,546
,435

23,822
24,042
24,098
23,697
22,714

4,021
4,018
4,019
3,998
4,007

74
74
75
76
77

24,197
24,205
24,083
24,079
24,258

313,959
314,786
321,119
313,361
320,835

,505
,466
,438
,373

530
521
287

1,098

,415
,411
,387
,363

22,972
22,386
23,112
22,792
22,764
22,712
22,657
22,304

76 |

24,305
24,227
24,176
24,197
24.382
24,383
24,319
24,287

283
257
895
595
224

,352
,344
,278
,296
,256

22,066
21,836
22,281
22,275 j
21,689

4,004
4,020
4,107
4,024
4.026 i
4i025
4,017
4,017
4,033
4,031
4,001
3,967
3,872 !

78

1,219

77
73
73
73
73

24,497
24,516
24,422
24,400
24,431

317,825
321,529
319,681
314,862
326,748
318,319
322,796
319,101
328,551
322,757
355,851
334,627
337,118

116

1,547

6,399
6,371
6,353
6,373

159
159
157
161

17,336
17,251
16,700
16,366

1,825

271
270
271
268

8
8
8
8

6,355
6,660
6,865
7,052

161
159
159
152

16,864
17,804
18,005
16,606

Mar. 4

266
267
250
257

8
16
16
19

7,099
7,174
7,347
7,415

154
156
124
125

17,866
17,980
18,433
16,591

Apr. 1

277
284
300
300
289

22
27
28
28
30

7,383
7,274
7,255
7,239
7,104

127
145
145
157
160

18,496
17,990
19,105
18,241
18,044

309
307
321
324

30
30
30
30

6,912
6,894
7,020
6,889

164
166
162
163

20,414
20,503
17,635
17,530

167
170
173
175

18,348
19,350
18,702
17,758

14
21
28
11
18
25
11
18
25

8
15
22
29

May 6
13
20
27

June 3

317
319
315
309

34
29
28
33

6,822
6,866
6,759
6,845

July

395
471
536
580
642

87
131
166
211
238

6,700
6,665
6,453
6,505
6,611

177
172 i
179
182
184

Aug. 5

673
738
750
808

260
313
327
389

6,715
6,843
6,487
6,520

184
167
174
169

17,666
17,480
17,373
17,842
15,098
19,254
17,955
16,339
15,417

Sept. 2

777
820
846
933
908

412
418
420
411
361

6,336
6,280
6,153
6,035
5,919

180
175
178
184
186

17,071
17,603
17,013
15,046
13,903

946
972
970
987

355
359
330
280

181
184
167
158

,000
,045
,062
,089

217
212
214
223

5,803
5,626
5,492
5,391
5,297
5,235
5,122
5,089

159
165
166
178

,053
,048
,071
,079
,158

222
236
254
270
263

4,912
4,827
4,737
4,663
4,508

177
171
179
180
184

16,963
17,757
16,477
16,206
19,941
19,758
19,657
17,004
20,257
18,508
20,252
19,516
18,775

10
17
24

8
15
22
29
12
19
26
9
16
23
30

Oct.

Loans

Total
capital
accounts

2,883
2,926
2 900
2,981

8
8
7
9

Feb.

Others

Other
liabilities,
etc.

1
274
271
278
276

Jan.

Reserves for-

Borrowings from

Time and savings deposits (cont.)

14
21
28

Nov. 4
11
18
25

Dec. 2

9
16
23
30

Dec. 31

96
901

1,334

1,332
1,164
680
283
675
624
273
613

1,324

788
254
847
341

11

> These amounts represent accumulated adjustments originally


made to offset the cumulative effect of mergers; for a further
discussion see text of this Section.

Digitized for FRASER


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

286

63

,6 !

77
77

77

76

76
75

311,005
307,374
311,260
310,842

WEEKLY REPORTING BANKS


LIABILITIESContinued
WEEKLY, 1965-70Continued
of dollars]
Memoranda

Total
loans
(gross)
adjusted

Total
loans
and
investments
(gross)
adjusted

Demand
deposits
adjusted

172,425
170,754
169,069
167,762

231,565
229,383
226,879
225,337

168,336
167,557
167,204
167,600

Large negotiable
time CD's
included in time
and savings deposits

Gross
liabilities of
banks
to
their
foreign
branches

Date

Total

Issued
to
IPC's

Issued
to
others

85,554
83,906
82,387
81,664

10,758
10,544
10,431
10,444

5,249
5,124
4,994
4,958

5,509
5,420
5,436
5,486

13,456
13,982
13,762
13,605

Jan. 7
14
21
28

225,487
224,838
224, 103
224,646

79,969
78,583
77,340
78,321

10,274
10,471
10,676
10,839

4,869
4,870
4,879
4,874

5,405
5,601
5,797
5t965

13,470
13,247
12,977
13,086

Feb. 4
11
18
25

169,214
168,072
168,227
168,262

227,665
226, 669
226,781
227,038

77,630
78,493
77,370
80,853

10,986
1 1 , 143
11,326
11,795

4,886
4,926
4,947
5,322

6,100
6,217
6,379
6,473

12,350
12,477
12,419
11,885

Mar. 4
11
18
25

170,963
169,501
170,366
168,840
168,511

231,527
230,476
231,993
229,830
229,377

84,189
82,013
82,849
81,852
80,547

12,212
12,473
12,749
12,916
13,022

5,504
5,665
5,763
5,824
5,936

6,708
6,808
6,986
7,092
7,086

11,748
11,800
11,525
11,518
11,944

Apr, 1
8
15
22
29

169,193
168,078
167,741
167,653

229,923
228,446
228,229
228,086

77,950
78,140
76,547
78,278

12,966
12,060
13,068
12,984

5,938
5,974
5,966
5,982

7,028
6,986
7,102
7,002

11,954
11,653
11,998
12,346

May 6
13
20
27

167,724
167,296
169,798
169,698

228,296
227,626
230,392
229,391

77,924
79,684
79,523
78,248

12,964
12,956
12,741
12,949

5,984
5,992
5,984
6,125

6,980
6,964
6,757
6,834

11,955
11,898
12,035
12,172

June 3
10
17
24

172,557
172,223
172,028
172,335
171,858

232,903
233,440
232,607
232,154
233,126

81,160
78,072
78,158
77,224
79,857

14,118
15,199
15,980
16,911
17,881

7,035
7,731
8,442
9,141
9,752

7,083
7,468
7,538
7,770
8,129

11,407
11,498
11,517
11,235
10,469

July 1
8
15
22
29

172,276
172,089
172,034
171,751

234,412
234,012
234,889
234,882

78,925
78,942
77,123
78,425

18,460
18,925
19,397
20,157

9,989
10,179
10,744
11,228

8,471
8,746
8,653
8,929

10,337
10,283
10,319
10,629

Aug. 5
12
19
26

173,241
173,782
175,891
174,041
175,627

236,690
237,345
240,547
238,192
240,478

79,713
79,885
80,989
79,198
80,407

20,723
21,052
21,106
22,036
22,227

11,814
12,102
12,232
13,148
13,622

8,909
8,950
8,874
8,888
8,605

10,332
10,220
10,525
10,126
9,787

Sept. 2
9
16
23
30

175,442
174,681
174,313
173,826

240,786
239,819
241,033
240, 145

79,662
80,461
78,814
80,780

22,706
23,151
23,248
23,546

14,016
14,593
14,692
14,951

8,690
8,558
8,556
8,595

9,957
9,716
9,733
9,439

Oci. 7
14
21
28

175,724
175,645
174,272
173,309

242,538
242,945
242,721
241,598

78,826
79,427
79,962
80,299

23,611
24,297
24,493
25,201

15,124
15,629
15,717
16,223

8,487
8,668
8,776
8,978

9,169
9,037
8,917
8,585

Nov. 4
11
18
25

174,487
176,058
177,513
179,096
180,429

244,504
246,466
248,864
250,649
252,623

83,086
81,956
83,972
84,042
87,739

25,053
25,747
25,584
25,894
26,075

16,106
16,551
16,399
16,649
16,905

8,947
9,196
9,185
9,245
9,170

8,394
8,215
8,305
7,902
7,669

Dec. 2
9
16
23
30

832

1,268

529

51

25

26

1970

Digitized for FRASER


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

Dec. 31 -4

287

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY
A, CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63
(In millions of dollars)
Business of borrower

Pu -pose of loan

Manufacturing and mining


Week
ending

TexPetroFood, tiles, Metals leum,


liquor, apparcoal,
and
and
el,
metal chemtobacand
prod-1
ical,
leather ucts
co
and
rubber

Public
Trade
Sales
util(whole- Com- finance
ities
sale modity com- f (incl.
Other
and dealers panies transretail)
portation)

All
other
types

Construction

Com!.,
Indus.*
and
agric.
Defense
Net
Net changeand
changes defense- Non- change
All
classisup- defcnst classi- reportfied
ing
fied
porting
banks
i

1951
1
8
15
22
29

35
45
30
37
5

-2
-8
-7
-17
-20

16
12
140
9
30

--1
2
3
1
2

4
5
10
5
5

-17
-8
23
128
-14

37
7
16
23
16

32
4
-35
-22
-23

43
-5
14
6
19

Sept.

5
12
19
26

40
69
55
44

-8
6
-25
-10

6
61
51
50

18
9
10
5

-6
17
9
-2

-7
31
-26
10

13
18
34
35

6
4
15
-23

Oct.

3
10
17
24
31

53
99
64
44
31

-16
-11
-36
-50
-27

41
19
13
7
5

3
10
I
20

-2
1
14
-8

-12
16
14
-1
1

28
34
54
56
59

Nov.

7
14
21
28

71
26
44
22

-14
-19
-35
-26

15
42
39
20

16
7
2
__4

10
18
-2
2

6
37
3
-10

Dec.

5
12
19
26

75
61
83
30

-23
-20
4
-11

22
90
69
40

3
11
5
17

7
13
4
13

2
9
16
23
30

-71
-17
5
-9
-26

-29
_=1
6
-11
8

54
40
259
22
145

31
-10
6
9
4

6
13
20
27

-24
-31
-16
-41

21
15
2
10

29
48
39
25

20
31
37
17

Mar.

5
12
19
26

-47
-67
-15
-62

14
5
-4
-8

30
97
122
39

Apr.

2
9
16
23
30

-96
-23
-60
-53
-64

3
-4
-18
-17

7
14
21
28

-31
-28
-44
-13

June

4
11
18
25

July

Aug.

-21
12

156
53
192
146
7

63
16
149
-1
27

95
36
41
148
-20

158
52
190
148
7

166
46
209
124
-1

27
10
19
48

4
23
37
-9

92
249
105
148

36
65
42
83

56
184
63
65

92
249
105
148

84
256
96
140

42
-18
24
-14
-38

24

15
-1
10
11

141
134
201
33
95

56
12
38
16
40

85
122
163
16
55

141
134
201
33
95

93
143
175
-17
99

33
52
52
32

-13
50 !
-38
-3

1
-33
32
2

13
6
15
-9

114
186
76
27

35
11
65
24

79
175
10
3

114
186
76
27

96
181
24
-7

-3
-12
-40

66
46
37
10

11
9
52
66

21
-12
7
28

2
10
17
7

183
204
253
161

46
60
61
54

137
144
192
106

183
204
253
161

141
213
223
150

-69
-18
-33
-21
-14

-15
-18
-10
-35
-16

57
-80
-58
-52
-187

-77
3
34
-M
__2

-7
11
18
18
25

-122
-112
182
-126
-115

-28
31
226
~=6
39

-95
-142
-44
-121
-153

-122
-112
182
-126
-115

-173
-152
174
-155
-126

-30
15
1
9

-25
-32
-24
-41

-29
-12
-10
-8

-25
3
--5
22

17

4
9

ii

-4L
32
16
7

15
44
49
22

-=56
12
--33
-15

-41
32
16
7

-50
34
4
9

23
22
16
-11

3
7
19
4

-7
23
33
-13

-33
-29
-41
-17

40
-11
53
-27

3
-5
31
24

-6
13
4
18

20
55
219
-89

37
56
91
30

-17
I
128
-119

20
55
219
-89

2
78
236
-105

5
-13
57
-4
-4

-27
7
15
-32
12

6
-10
19
-4
-7

-6

7
-37
2V
5
6

-43
-15
-4
-15
8

2
-7
-5
13
12

-173 i
-126
IS
-144
-71

-18
-13
41
-29
38

-154
-113
-16
-116
-109

-173
-126
15
-144
71

192
-123

-23
-29
-44
-10
-25

-3
-7
-24
-23

10
10
13
-4

-4
11
6
-46

2
2
-1
-3

7
7
_4
-17

-42
-23
-28
-26

11
-12
15
21

-23
15
10
17

4
9
5
5

-4

-37
__7
24
-14

4
-3
5
-3

=-32
62
53
10

-8
16
43
-7

-16
17
17
-1

-1!
12
9
-5

-27
-12
-12
-2

15
-19
57
17

-13
15
43
13

1
2
8
4

2
9
16
23
30

-37
1
-IS
22
6

-7

-44
-29
19
-18
-37

3
2
10
7
6

-5

-22

21
-2
8

14
-6
3

-10

-12
31
8
25
7

38
3
-3
-27
-43

1
-13
10
3

~2
3 '
12
-3
-5

40
=8
14
9

6
13
20
27

42
24
46
56

12
12
4
8

-63
-15
-28
1

43
-1
4
23

4
-1
4

-5

38
32
-2
16

-1
-19
-12
-5

2
3
22
11

8
6
~2
1 [

3
9
12
13

3
10
17
24

18
38
55
66

-2

-3
12
17
-8

1
8
13
^4

lo

28
35
42
40

40
56
42
4

10
I
19
21

-2
3
3
-1

-1
16
13
-2

8
4

33
9
35

1952
Jan.

Feb.

May

Aug.

Sept.

10

"-3*

"'ii'
-14

4'
-1
-2
5

21

-3

~8
25
17

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

288

-167

-179
16

-69
-20
-53
-81

-73
-16
-71
-106

17
8
5
5

-108
90
251
17 !

-106
94
258
8

-214

-46

-217
13
57
-11
^45

86
44
44
130

76
65
77
127

88
187
251
113

91
218
281
90

-r, 1

-a

6
57

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRYContinued
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)
Manufacturing and mining
Week
ending

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Metals
and*
metal
prod-1
ucts

Petroleum,
coal,
chemical,
and
rubber

Trade
(wholesale
and
retail)

Other

Commodity
dealers

Sales
finance

companies

Public
utilities
(incl.
transporta-r
tion)

All
other
types
of
business

Construction

Coml.,
indus.,
and
agric.
Net
changes change
All
classireportfied
ing
banks

1952
-12
-17
12
8
9

11
-40
-58
12
15

-2
-1
6
-1
2

4
4
-4
-17
4

88
138
220
94
125

65
135
248
99
121

46
6
21

34
16
12
6

-3
-1

-1
19
4

225
212
117
57

210
243
135
14

11

-14
15
39
8
-38

5
-6
-4
-3
-2

1
5
8
19
30

109
191
97
127
-59

73
187
100
72
-102

-4
11
21
-4

-5
4
-3
-1

-28
6
-13
-10

-171
50
-46
-52

-226
27
-99
-71

-10
-12
-45
10

5
-6

-1
20
8
-1

-52
-12
-81
-8

-59
37
-108
-12

-29
34
46
16

-6
7
7
13

10
10
-7
-6

50
166
272
-66

53
217
279
-81

-2
5
16
15
32

-10
-2
-2
-1
3

-8
11
6
-15
-13

-58
37
-8
-81
-9

-68
28
-10
= 131
-23

4
2
-6
2

--1
-28

15
-1
-16
-19

-6
-7

12
-66
-100
-117

6
-56
-118
-129

II*

_6
18
118
-122

-36
16
60
-35

10
12
-7

-7
2
29
2

-129
47
245
-181

-146
42
253
-188

-'i6

79

1
-5
3

\\

\l

-3
-1
28
-15

-22

-177
-11
65
31
-20

-212

_8

-9
3
2

-3
3
-11

16

51

1
-78

20

6
7
10
-5

30
22
-16
15

135
85
37
-55

156
113
28
-49

29
-43
18
-179
145

2
7
66
-75
-13

=4
-3
11
-4
5

12
3
20
-11
3

81
-13
314
-222
51

74
-8
338
=260
68

10
11
P
8
-5

13
23
35
20
31

5
11
8
23

9
-4
-2

19
43
19
9

-14
25
47
43
-70

6
105
-85
6
15

-9
3
-1
-10
-18

38
3
8
-48
-87

J!
1<

12
-2
-4

1
47
14
29

_9
-5
-8
20

-13
3
1

-22
-4
-11
-15

-32
-39
-35
-36

13
30
17
9

15
22
-9
4

-3
-10
10
1

-6

_1

8
9
-1
8

4
11
18
25

-29
-26
13
-20

12
39
25

46
32
110
10

10
7
26
3

2
22
17
3

27
50
53
13

Apr.

1
8
15
22
29

-26
-39
-33
-72
-46

-6
9
-17

-12
_4
19
8
8

-6
15
9
9
4

-6
-4
6

12
16
18
6
12

~4-n 3S
-if-2
1
'i
3
li
1 'j

May

6
20
27

-34
-31
-15
-24

2
-2
-13
-5

10
27

6
26

-7

13
_1
2
-4

June

3
10
17
24

-50
4
-1
-17

20
11
9

7
12
71
-18

3
-36
-57
24

6
17
12

_3
4
4
2

-3S
-19

July

1
8
15
22
29

-36

-25
-25
6
4
-3

-35
6
3
6
-1

-5
4
7
4

8
-14

8
4

Oct.

1
8
15
22
29

32
55
65
34
25

7
-1
-14
-23
-11

-12
-14
139
-7
5

16
54
-30
3

Nov.

5
12
19
26

43
50
46
17

5
-16
_7

31
21
8
7

3
10
17
24
31

49
26
33
32
-71

-3
-5
1
-11
-13

7
14
21
28

-25
20
1
-28

4
11
18
25

Mar.

Dec.

35
71
49

5
II
!?

202

1953
Jan.

Feb.

AU8.

-67
-12
-9

-8

5
16
10
4

16
12
-11
6

-32

-2'
-10
_28

_43

-73c

5
61
20
-28

19
26

19
24
24
22

8
11
7
7

10
4
-8
-18

6
3
11
-3

2
5
-3
3

2
9
16
23
30

36
24
94
43
52

5
j
7
-14
-11

-11

7
8
29
-6

3
-6
2
3
-6

_5
_3
28
14
34

oct.

7
14
21
28

52
41
15
16

-17
-28
-18

8
5
-21
-12

I
14
3
-4

1
-4
_4
-2

J316
21

34
39
45
48

-67
-23
-74
-36

18
-31
15
21

-4
4
7
-3

-2
-3
-12
21

54
59
-52
52

43
55
-89
189

Nov.

4
11
18
25

5
32
36
-1

-12
-10
-19
-17

-11
2
13
-28

-6
11
3

-6
-8
-3
-3

17
36
15
-1

\l
\l

19
-25
-21
-28

-15
-27
-17
-13

-1
5
5

-9
1
15
-30

18
27
38
-107

14
25
37
-172

Dec.

2
9
16
23
30

27
23
53

-12
-4
-11
-4
-4

-21
14
-5
-37
-36

13
-1
9
-5
31

-13

-27
-21
-25
-28
-85

1
14
18
13

22
-25
-1
45
130

-22
-21
38
12
14

-13
7
6
-6
-2

-4
_2
9
11
18

-43
-26
78
-6
43

-71
-53
49
231
19

Sept.

if

-14

15
-4
-155

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

-12
-4
-11

289

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRYContinued
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)
!

Manufacturing and mining


Week
ending

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Petroleum,
coal,
chemical,
and
rubber

Metals
and
metal
prod-1
ucts

Trade
(wholesale
and
retail)

Other

Commodity
dealers

Sales
finance

companies

Public
utilities
(incl.
transportation)

All
other
types
of
business

Construction

Net
changes
classified

Coml.,
indus.,
and
agrie.
change =
AH
reporting
banks

1954

-3
1
-30
-11

-352
-88
=118
= 179

=438
-96
<--= J 60
-184

-16
6
3
6

-=35
-83
2
-121

136
-82
1
-109

-1
1
8
4
5

-7
16
17
-5
30

-31
46
407
-93
-32

--39
74
458
-118
-58

"39 i
24
-26
14

5
8
3
-1

32
23
-20
_1

-47
-107
"139
-122

-49
-156
-210
-165

-51
-14
-25
-17

-10
-26
3
-5

-10
-79
=4
-60

4
5
_4

31
-19
15
3

1
-28
-6
-20

8
-30
-9
-52

8
-8
-9
-7 "
'
-4
-14
-16

9
15
10
-10
-4

1
10
39
-6
-6

13
14
27
10
8

-16
-12
-20
-30
-47

6
-42
57
-17
12

-6
6
109
5
-9

-11
-58
-40
-26

-4
3
4
20

1
-9
2
-4

-1
18
2
-12

-22 i
-36
-23
-7

22
-4
11
-40

-7
1
-2

-20
33
-26
46

18
7
33
2

-27
7
-4
8

-2
18
9
8

-29

45
-=50

=-9

.-7
~1
16
!
1

-171
-32
10
-46
67

-50
2
37
-5
3

=5
_4
28
5
?
^

3
-28
15
21

8
13
8
7

33
-14
_44
-42

27
3
-12
-28

-3'
-4
-5

4
11
18
25

16
7
-31
-17

5
15
15
4

-22
-25
-45
=8

8
9
-18
2

,
2
-4

-i'

Sept.

1
8
15
22
29

24
6
65
24
45

6
6
10
7
5

-50
-31
-19
-28
-46

16
6
14
5
-6

!
=6
11
9
-3

-10
25
28
6
13

Oct.

6
13
20
27

32
48
27
7

1
1
-34
-16

-22
-16
-7
-23

19
14
50
7

-9
1
= 10
-8

Nov.

3
10
17
24

1
48
60
24

-8
-9
-13
-15

-38
-5
5
-10

14
-36
3
5

-18
-1

Dec.

1
8
15
22
29

51
34
50
17
ill
*ti

-28
2
3
3A

-10
31
25
3
to
1U

7
39
14
8
ya

4
3
5
*i
z

-16

7
7
4
10

-152
22
-18
-4

-4
-1
-48
-51

3
10
17
24

14
-2S
=-24
-=29

13
9
17
7

11
16
-22

-1
3
2
4

Mar.

3
10
17
24
31

-24
-29
34
-30
-10

1
10
23
-1
-2

-4
57
102
= 13
-9

Apr.

7
14
21
28

-33
-29
= 34
-51

3
1
-18
-15

May

5
12
19
26

-19
-20
-10
29

June

2
9
16
23
30

-42
-4
25

July

7
14
21
28

Aug.

Jan.

Feb.

6
13
20
27

"95

't

-22
-10

i'

-3 i;
7

-2
-6

1
8
-32
-=15

10
10
8

12
7
-3
-12

-17
=.-,46
-31
-98

-38
- 100
-70
-121

-5
!
31
-9
it
14

.-3
-5 I
-19
-11
2

9
-7
52
-40
53

8
10
147
13
6

3
8
6

4
S
31
14
11

-261
-34
365
-74
-26

255
-28
402
-77
-12

4
1
-18
-13

17
18
14
IS

8
-25
-8
11

-48
11
-16
-7 . . . . . . . 5
-17

-102
-39
-68
-36

-156
-81
-89
-34

7
10
23 :
6
i|
17
15
20 I
40
32

-21
-13
-3
~7
10
-8
-8
-44
-35

-7
_4
-16 i

-28
4
-11
6
-20
15
-2
11

,,,25
31
-71
2

-754
59
70
14

4
2
11
-4
-9

=3
1
6
4
2

21
2
41
12^

34
13
180
-8
10

25
3t
194
18
10

20
48
31
14

24
17
17
37

21 i
-52
-67
-20

-74
=7
-27
-72

1
S
-2
-1

53
4
2
1

68
64
-21
-73

87
93
- 69
-83

^7
25
10
1

39
25
58
8

29
-21
48
8

23
16
7
-33

7
7
13 i
-3 j

13
^24
34
27

52
25
225
14

61
29
974
25

9
7
25
-25

41
4
4
22

45
8
74
29

-22

-1 |
8 ,
. . .'
14 i
S ':
1

3
-7
9
-31
=,*;

9t
45
96
55
69

82
41
104
64

10

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

-5
....'.
4 j
-9
__r>
3
5
-2

290

o
e<a

10 '

-20
19
68

B i
3 i
3 '

.... ,

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRYContinued
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)
Manufacturing and mining

Week
ending

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Metals
and
metal
products i

Petroleum,
coal,
chemical,
and
rubber

Other

Trade
(wholesale
and
retail)

Commodity
dealers

Sales
finance

companies

Public
utilities
(inch
transportation)

Construction

All
other
types
of
business

Net
changes
classified

Comt.,
indus.,
and
agric.
change
All
reporting
banks

1955
Jan.

5
12
19
26

-70
-8
-17
-24

-1
11
5
14

3
1
15
-13

9
-17
5
3

_7
4
-2
-6

-56
-12
-28
-19

-23
-43
-9
-7

43
-44
11

-4
_1
14
-18

-1
4
1

-37
4
-27
-20

-144
-100
-32
-95

-169
-97
-74
-89

Feb.

2
9
16
23

-27
-19
-48
-25

19
22
38
12

5
12
3
9

6
6
96
1

-2
4
7
-5

-11
5
14
4

-6
-14
-14
-13

30
-4
-8
-15

9
1
-20
-1

-4
-1
12
3

10
2
15
16

29
14
95
-13

-68
42
155
-15

Mar.

2
9
16
23
30

-10
-26
43
-18
-32

21
12
27

14
15
63
-18
7

3
-2
40
47
-2

5
3
30
4
8

19
11
41
17
4

-29
-31
-40
-11
-20

95
28
-47

-11

18

10
-11
99
5
23

6
14
14
24
-9

122
18
281
40
8

133
24
319
53
-40

-21

9
8

-i"

8
18
18
16

-40
-24
-28
-17

67
25
75
32

-22
15
-12
11

2
17

-ll
-8

-9
5
12
69

6
14
14
-16

-41
50
25
66

-148
94
-13
15

41
-8
4
-32

16
8
14
12

16
25
5
8

-4
-6
-7
-14

72

6
-9
-3

3
12
18
2

-12
-15

8
24
-4
15

1
30
10

2
17
42

120
91
43
-58

62
114
16
-96

-5
-21
49
9
3

-I
8
44
-2
-5

-17
-14
-12
-14

11
'?

25

45
-9
6

173
36
9

13
10
23
17
1

-12
13
6
11
34

12
-12
645
54
40

-5
-13
732
78
68

-2
20
7
4

9
13
8

4
21
27
14

-36
6
-24'
17

-31
20
-15
28

-7
18
16
8

15
30
5
25

-101
131
95

-175
139
-36
97

-4
8
7
7
12

90
69
47
11
58

170
171
164
101
99

24
204
186
110
121

Apr.

]f

20
27
May

June

July

11
1
-3
-3

18
25

-35
-19
-18
-30

1
8
15
22
29

-10
-19
16
-14
-3

7
4
20

-30
8
98

-11

-21
-20
-6
-17

8
8

-44
10
-8
-4

20
27

Aug.

-41
-25
-47
-17

3
10
17
24
31

4
9
26
19

11
33
14
20
10
1

11
-17
29
12

14
9

__7

8
6
-17
10
15

7
8
7
-6

5
16
11
9
-10

11
-14

5
20
28
12
-23

-11
1

21
39
18
22
20
4
28
13
j

-120
288
134
105

-91
320
170
90

13

Sept.

7
14
21
28

29
35
21
43

4
80
-7
2

-8
5
17
-10

-11
16
1
10

11
10
-6
5

15
27
8
12

-3
34
47
35

-171
25
20

8
14
11
18

2
14
9
1

Oct.

5
12
19
26

39
39
49
34

2
-2
-26
-29

-6
22
-i-2
-14

23
-11
1
10

-3
5
-8
-6

10
69
46
38

41
34
31
53

6
-122
-60
-28

-83

3
9
-3
7

23
35
-11
-7

53
73
_4
58

3350
104
-32
42

Nov.

2
9
16
23
30

38
43
46
11
-2

26
26
19
15

5
6
20
-8
54

-3
3
4
-10
9

19
26
41
5
_4

44
14
25
13
12

53
38
65
51
107

47
-9
24
2
9

-5
5
16

179
182
298
50
181

7
14
21
28

23
9
53
-23

26
38
68
13

-12
14
23
31

12
-2
-3

6
t
3
-52

6
-6
9
-15

100
132
134
117

-29
-81

-2
12
5
-10

16
9
19
-7
13
g
37
-13
38

189
158
283
66
203

Dec.

-27
-2
-2
_11
-14
_7
18
10
-19

105
183
290
121

103
200
310
46

For footnotes see end of Table 4.2 A,

Digitized for FRASER


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

291

-lo

44

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRYContinued
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)
Manufacturing and mining

Week
ending

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Metals
and
metal
prod-1
ucts

Petroleum,
coal,
chemical,
and
rubber

Other

Trade
(wholesale
and
retail)

Sales

Cornmodity
dealers

finance

companies

1956

Public
utilities
(inch
transportation)

Const ruction

All
\ other
types
of
business

Net
changes
classified

Coml.,
Indus.,
and
agric.
change
All
reporting
banks

Jan.

4
11
18
25

-47
-26
-18
-22

4
4
7
-1

-1
38
25
5

38
6
-10
15

-2
10
2
-1

-38
-10
-11
-10

-10
=9
-9
-10

I
52 '
-222
-6
-=44

54
4
7
1

-6
12
-5
-5

-33
25
-II
-12

2
-218
-30
-85

Feb.

1
8
15
22
29

-21
-21
-24
-19
-36

18
10
30
-24
15

33
25
83
47
62

* 3
4
21
9
14

1
11
17
18
13

-14
16
13
17
25

4
-1
1
1
5

-2
-135
-58
-81 i
IB

13
-6 1
18
4
-16

_7
-19
-2
=1
_1

12
11
-6
9

11
-104
96
-35
107

44
=-5
102
-30
89

Mar.

7
14
21
28

-5
IS
49
-16

20
40
10
14

52
166
262
31

47
26
13
26

36
44
46
19

14
45
42
6

-14
-8
-11
-40

-26
72
104
7

12
123
92
1

4
6
11
-19

-5
3?
30
-1

136
565
647
26

148
592
681
49

Apr.

4
11
18
25

-29
~8
11
-28

8
8
2
-18

-9
61
32
4

67
-12
8
-6

4
-25
21
17

9
19
48
15

-17
-22
-11
-11

29
-28
-15
55

-185
48
5
24

3
17
9
-1

-26
28
-15
-8

-146
85
65
44

-171
107
89
73

May

2
9
16
23
30

-2
-10
-24
-35
-11

16
14
24
-3
-14

61
53
88
3
-151

-6
1
25
-16
-10

14
15
17
-14

30
7
9
-14
-12

-12
-17
-37
18
24

30
-45
~8
-53
-26

45
-76
9
4
-8

4
14
10
7
=, t

40
?
57
-1

220
-39
152
-124
-271

219
-25
168
-111
-308

June

6
13
20
27

-20
16
25
4

7
18
26
11

29
114
215
37

159
24
-13

34
29
4B
-5

4
-52
22
-9

-25
-21 ;
-26
24

-43
"27
242
-112

26
77
105
13

2
16
8
-3

21
36
13
16

195
230
664
-70

191
277
678
-64

July

4
11
18
25

-25
-46
-14
-15

16
18
-4
_l

-28
-39
-37
-17

21
8
15
20

1
70
10
-6

4
1
-4
-5

10
2
42
88

8
-100
-46
-67

-16
-9
-3

-11
1 1
-4
_1

27
12
-5
-10

23
-89
-56
-17

-8
-106
-BO
-35

1
8
15
22
29

19
2
22
34
38

8
19
19
4
-3

-15
-35
-9
-57
-23

-20
-9
32
84
-32

6
16
28
10

-11
-5
17
-12
13

25
16
45

129
-12
264
14B
12

131
-9
295
147
-13

Sept.

5
12
19
26

30
55
44
67

9
12
7
-12

-36
15
43
5

175
13
19
21

-8
43
6

183
190
136
26

Oct.

3
10
17
24
31

83
67
66
29
45

-1
1
-20
-23
-34

-47
-41
-16
-57
64

Nov.

7
14
21
28

54
33
56
11

-2
25
-24
=24

Dec.

5
12
19
26

38
70
65
-6

-7
10
8
-8

Aug.

66
76
27
10

5
-10
44
20
-?

-8 |
10

-42

13
6 j

-34
252
-70
-114

10
14
28
5

14
19
25
23

-18
-17
7
-79

16
16
-14
39

-9
.J
-4

-i j

-is

181
188
170
36

16
18
15
=21
24

2
19
9
-6
_4
-6
-11
-16
-B

13
47 !
38
21
51

41
65
22
36
44

-47 ,
-207 '
-55
-29
34

48
33
-13
2
32 j

=1
-14
-5
-2 !
=3 j

7
12
-26
-27
20

109
-24
~S
-89
269

125
-15
-7
-138
238

28
54
27
8

65
13
8
3

-6
-6
-10
-9

23
102
-55
-39

32
30
13
21

-25
11
19
55

=5
3 i
24
10

-5 1
9
5
=21

28
36
-27
-6

189
310
25
10

IB?
312
25
-45

6
69
82
-4

-9
8
-56
2

-3
4
2
-11

7
9
-35
-59

36
26
27
14

2?
51
281
162

17
64
38
17

5
-4 !
5
-15

-11
-3
39
-3

102
304
457
86

U
330
460
46

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

56
42
3
7 '

292

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRYContinued
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)
Manufacturing and mining
Week
ending

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Metals
and
metal
prod-1
ucts

Petroleum,
coal,
chemical,
and
rubber

Other

Trade
(wholesale
and
retail)

Commodity
dealers

Sales
finance

companies

Public
utilities
(incl.
transportation)

Construction

All
other
types
of
business

Net
changes
classified

Coml.
and
industrial
change
All
reporting
banks

1957
Jan.

2
9
16
23
30

-107
-48
-33
-33
-33

-29
-1
2
-4
10

-84
-11
53
-8
30

42
-12
9
-14
-8

-16
-12
12
-13
8

-116
-39
-23
-35
-21

5
-19
-23
-16
-15

86
-131
-85
-39
-17

81
2
7
-1
14

-I
-17
-7
-12
-1

26
-43
-37
-30
-24

-113
-332
-126
-204
-58

-167
-383
-155
-243
-84

Feb.

6
13
20
27

-40
-18
-18
-13

16
25
30
13

18
61
24
35

10
12
26
-93

20
10
9
3

-16
18
9
18

-25
-26
-27
2

-1
-13
29
15

-69
7
2
11

-4
-4
-2
2

-9
7
-10
-24

-101
79
75
-30

-90
91
93
-39

Mar.

6
13
20
27

1
-1
65
-27

17
25
32
1

42
142
216
43

50
26
27
-23

17
33
34
7

-2
22
43
17

-23
-32
-19
-38

82
56
225
-71

-21
82
47
-18

-20
27
13
-11

135
382
699
-126

136
403
739
-137

Apr.

3
10
17
24

-36
-7
-13
-18

-2
15
1
-8

24
8
14
-66

-9
-3
28
13

1
15
-2
-3

5
26
40
-6

7
-37
-13
-39

-20
41
110
-39

-29
-8

-8
2
16
-7
j

-23
-11
16

-89
40
177
-155

= 106
55
142
-175

May

1
8
15
22
29

-44
-23
5
-12
-21

-17
1
16
-19
-17

53
-11
94
-17
-22

-4
17
12
4
-21

-28
-5
27

85
-55
-35
-90
-82

69
-10
44
-12
-30

-4
-6
12

-1

1.8
-3
26
-26
-5

-12
-29
-25
-26
-45

-3

8
-11
23
-18
9

124
-135
199
-216
-237

102
-109
226
-241
-245

June

5
12
19
26

-10
_4
45
-13

1
12
11
17

1
74
186
33

30
66
72
34

7
38
44
9

-1
15
31
3

-23
-22
7
-28

76
47
279
-87

-6
48
223
86

7
10
3
9

17
40
5
23

100
324
905
86

89
344
945
58

July

3
10
17
24
31

-31
1
-32
-28
6

3
7
4
~6
13

-32
-33
-15
-86
-63

-32
8
14
-14
-4

-12
8
8
2
3

-10
-5
-4
-21
-2

9
4
15
14

43
-130
-96
-109
12

-121
-2
22
20
-2

-8
15
7
-13
7

28
-4
-17
-11
2

-162
-130
-94
-253
-28

-220
-122
-114
-286
-45

Aug.

7
14
21
28

18
19
6
28

12
24
19
-6

-50
-14
-22
-53

25
31
14
-71

4
13
-6

9
10
15
-5

2
38
125
-9

-20
24
93
-94

-16
18
-5
20

I
6
-5
3

14
35
11
-14

-1
203
253
-206

12
215
253
-207

Sept.

4
11
18
25

27
51
67
29

-1
1
-21
-27

-49
19
75
-88

34
7
14
8

12
6
8
-24

6
36
23

-15

51
91
135
-94

15
-5
13
10

-2

-4
2

-9
12
16
2

69
219
336
-194

33
227
320
-196

2
9
16
23
30

30
37
35
22
2

-7
-13
-29
-42
-45

-30
-3
7
-20
-3

-15
-4
-7
3
2

-33

17
24
84

18
10
33
7
21

-20
-168
-124
-89
-9

30
-57
18
-12
27

-7
12
4
-51
-33

-39
-154
7
-216
-36

-82
-188
-34
-300
-59

Nov.

6
13
20
27

15
27
39
-17

-10
9
4
-21

-41
11
6
-65

13
5
16
15

-14
-7
-6
-15

17
30
-2
7

42
8
14

-1
-54
-36
-84

-18
27
-25
27

-15
30
-32
-50

-13
84
-31
-204

-3
86
-34
-260

Dec.

4
11
18
25

20
30
81
-31
-118

-10
3
6
2
-20

35
18
31
11
-42

10
26
15
1
37

-4
-7
-19
-20
-16

-3
_1
-63
-82
-105

-13
29
55
17
-5

37
73
294
68
97

-14
97
2
23
92

-16
4
7
-9
-7

34
-16
49
10
58

77
256
458
-12
-30

43
249
487
-19
= 52

Oct.

314

-6
-19
-19

18

For footnotes see end of Table 4,2 A.

Digitized for FRASER


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

293

-2

'-3'
15

12
-10
-21

7
-8
-19
4
_!
!

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRYContinued
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)

All
other
types
of
business

Net
changes
classified-

Coml.
and
industrial
change
All
reporting
batiks ;'

-58
-57
-26
10

-455
-240
-440
-183

-588
-287
-506
-218

-8
10
3 !
-3 i

21
-2
8
16

^192
-107
139
6

-207
- 106
126
-7

-11
5
9
6 |;

6
21
J2
33

-175
100
594
-35

-209
131
666
14

-13
-40

-196
-205
-20
-380
-84

-186
-182
2
-415
-69

-33
-35
-144
-145

-64
-35
-168
-137

-110
53
542
-If)

-119
107
574
-23

Manufacturing and mining


Week
ending

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Metals
and
metal
prod-1
ucts

Petroleum,
coal,
chemical,
and
rubber

Other

Public
utilities
(incl.
transportation)

Trade
(wholesale
and
retail)

Commodity
dealers

-58
-45
-52
-52

32
-13
-88
59

-239
-97
-123
-113

-10
-22
-35
-13

Sales
finance

companies

Construction

1958
Jan.

8
15
22
29

-57
-58
-67
-45

_j
16
-3
13

-24
20
-28
-12

-27
11
-1

_j
5
-7
-25

Feb.

5
12
19
26

-18
-30
-36
-42

26
13
22
16

-25
10
90
36

10
-2
9
-12

-1
11
17
17

-13
-13
-25
2

-53
-49
-16
-S

-69
-48
fiS
5

-61
-8

Mar.

5
12
19
26

-18
-18
15
-25

16
23
-1

4
34
151
44

-7
8
19
-26

6
24
42
20

19
4
33
19

-34
-27
7
-13

-111
40
24H
=72

-40
-7
49
-=22 i

2
9
16
23
30

-26
-32
39
-29
-51

3
-6
7
-33
-12

-28
-14
25
-141
-92

-14
11
-16
-38

-5
-5
1
-23
-1

14
-5
32
-19
2

-22
-22
-22
51

-87
-90
14
-73
4

-18
-4
32
-4
54

-1
2
11
1
2

7
14
21
28

-18
-5
-21
-38

-1

-16
-8

-7
44
-14
-15

-8
57
-4
-18

10
3
3
9

14
1
-17
-9

-7
15
-26
-23

-47
23
-35
-28

-13
-38
-19
-49

12
14
-2

June

4
11
IB
25

5
-19
20
-6

-9
6
6
3

-23
3
160
-3

2
-23
44
9

4
20
23
10

-9
9
19
-6

-15
-11
12
10

-15
-10
112
-29

-56
48
90 ,
-10

8
1
11
9

31
20
-11
36
1
29
47
3

July

2
9
16
23
30

-31
-23
-33
-29

4
3
-2
-16
11

130
-68
-23
-64
73

71
-2
2
-12
_1

9
-4
5
-10
11

-5
-5
14
-9
-5

-10
6
1
4
26

274
-147
-123
-79
-40

29
-16
3
-78
5

1
2 f!

-12
26
-2
2

15

-=-3
-230
-157
-297
-98

6
-250
-=185
^305
-118

6
13
20
27

11
24
34
35

2
8
5

-83
-12
19
-8

8
5
20
-8

-4

2
-4

6
-10
17
4

56
21
20
2

68
-21
60
-59

-32
7
33
_14

-4
19
-1
14

56
2
3
-5

85
41
211
~~44

56
65
238
-27

3
10
17
24

42
49
47
29

4
2
-18

-64
13
69
22

-2
41
-6

4*
23
-4

11
28
37
-5

17
3
12
4

10
-29
103
-171

-19
15
69
8

-2
2 i;
19
4

1
49
27
~7

- 6
178
402
"-138

-14
207
393
5-153

Oct.

1
8
15
22
29

59
38
73
42
-17

-13
-20
-14
-46
-33

-95
-46
_7
-25
-25

-57
16
23
-11
-5

-17
-I
_7
-16
-19

15
19
61
15
23

13
37
39
20
44

-12
-38
27
-47
-10

95
-19 '!
5
-8
31

6
-6
1
-2
4

41
-20
28
-5
25

37
-41
22H
-83
19

23
-67
215
-142
9

Nov.

5
12
19
26

27
60
53
9

-19
8
-17
-16

28
58
-27
-20

-24

72

-25
-3
-7
-21

35
47
13
14

14
36

29
-47
58
2

-14
1
1
27

-2
8
-12
-7

-28
13
6
17

118
155
50
7

105
149
7
-21

3
10
17
24
31

35
45
51
-28
-79

-17
1
10
-10
-26

6
-9
62
22
26

-8
-24
2
7
71

-2

18
2
6
-86
-96

14
-12
1
-10
29

16
7
37
7
64

108
115
381
-63
241

98
116
382
-39
269

Apr.

May

Aug.

Sept.

Dec,

-19
-29

15
-13
-12

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

294

30

47
53
143 1
21
221

-20

4
46
61
39
24 i

-13
1
-7
-5

-6
6
-4 '
-13
18

-21
4

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRYContinued
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)
Manufacturing and mining

Week
ending

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Metals
and
metal
prod-1
ucts

Petroleum,
coat,
chemical,
and
rubber

Trade
(wholesate
and
retail)

Other

Commodity
dealers

Public
utilities
(incl.
transportation)

Construction

All
other
types
of
business

Net
changes
classified

Coml.
and
industrial
changeAll
reporting
banks

1959
Jan.

7
14
21
28

-39
-46
-34
-32

-24
13
-6
5

-26
31
37
18

-43
-14
-10
-3

-6
-2
-6

-36
-28
-20
-11

-28
-15
-22
6

-7
-2
-58
-42

-7
2
-15
-3

-60
-6
-26
-20

'-275
-66
-159
'-83

-413
-108
-211
'-123

Feb.

4
11
18
25

-27
-25
1
-18

22
26
29
7

21
60
82
21

-3
13
2
-7

-7
11
12
5

-7
17
18
6

-21
-51
-15
-18

-22
-50
-54
-2

1
11
2

-6
22
-12
-12

-49
33
59
-19

-24
60
70
-11

Mar. 4
11
IB
25

-28
-16
42
-45

18
27
14
-2

-37
114
128
45

-20
3
14
-7

8
32
34
14

33
42
47
31

12
-21
8
-12

6
-5
37
-10

I
7
14
-4

14
20
-11
1

6
202
328
11

-12
286
366
41

Apr. 1
8
15
22
29

-22
-59
-19
-15
-13

3
-I
8
2

60
-34
14
-18
21

-6
9
15
-32
-13

7
5
8
-2
1

-1
20
80
1
26

-6
-11
-20
-5
_9

-131
-28
25
-17
-57

1
-3
4
10
4

4
-15
29
-18
20

-90
-118
'144
-95
'-23

-120
-112
197
-80
6

May 6
13
20
27

2
14
3
-25

27
14
5
-12

-10
69
42
31

9
11
-8
-22

12
35
11
-14

24
9
21
-12

-6
-14
-36
-24

11
15
20
35

-12
29

17
13
29
16

74
197
'86
-13

111
223
112
5

June 3
10
17
24

-32
-26
36
-36

-2
21
19
1

-1
34
115
27

-29
-5
12
-5

-1
5
35
4

17
3
16
10

-13
-14
-3
-18

-35
46
116
52

16
15
20
. 2

-1
39
91
5

-80
120
456
42

'-84

July 1
8
15
22
29

-60
-52
3
-22
11

5
18
25
10
-2

20
6
31
-16
1

-20
-10
9
3
5

-12
-4
8
67
2

-23
-15
16
4
9

-9
5
12
21
5

16
17
12
55
-38

1
-14
12
2
-1

15
-58
-68
-5
3

-67
-107
58
110
-5

-111

Aug. 5
12
19
26

-15
38
26
66

26
30
23
6

-8
-23
39
-16

-2
3
22
-1

12
-2
16
5

29
4
8
-6

18
8
60

28
-22
-36
49

2
6
5
-3

2
14
-7
-24

94
54
157
76

M06
'76
'149
'71

Sept. 2
9
16
23
30

19
17
114
14
111

19

17
11
34
16
23

_1

23
-29
-18

-61
-23
-30
-13
-30

29
-9
-53

-5
8
39
-5
4

7
21
14
34
28

13
11
103
52
89

-4
6
-2
-2
-7

2
-5
38
6
-18

5
54
362
65
128

'9
'13
'342
'29
'103

7
14
21
28

-16
74
-8
32

-14
-13
-43
-38

-20
-28
-70
-36

5
12
-17
-13

-8
-14
-9

38
65
66
34

45
47
28
43

-22
13
-45
23

H
-7
-4

11
-11
-27
-25

21
175
-136
8-

'35
'191
'-155
-34

Nov. 4
11
18
25

17
-15
74
-14

-16
-7
-17
-32

12
12
18
10

-4
11
31
23

-5
-16

79
42
42
10

65
53
34
30

48
-35
-6
7

-9
-4
11
-14

11
11
17
1

192
68
199
5

'172
'41
'194
'-18

Dec. 2
9
16
23
30

75
-19
171
-17
12

-19
-5
27
-9
-3

-42
30
86
35
-13

12
4
-9
28
34

3*
4
6
-6

2
-28
-12
-115
-153

37
-4
73
30
26

43
20
-14
57
56

1
-2
20
11
-3

9
27
29
37

119
27
374
63
-51

'112
'21
'396
67
'-27

Oct.

-12

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

295

131
508
53
'-68

104
'76
'-19

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRYContinued
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)
Manufacturing and mining

Week
ending -

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Metals
and
metal
prod-1
ucts

Petroleum,
coal,
chemical,
and
rubber

Trade
(wholesale
and
retail)

Other

Commodity
dealers

Public
utilities
(inch
transportation)

Constructton

All
other
types
of
business

Net
changes
classified

Coml.
and
industrial
change All
reporting
banks

1960
Jan.

-1
-22
-56
-25

-15
-32
-27
-38

-3
7
-19
-10

2
35
23 1
3

35
22
23
15

-3
-56
-42
-19

-9
9
12
-62 1

-18
-6
40
-20

-4
31
73
11
9

50
10
94
24
3

-41
-25
--42
-22
-56

17
-36
95
-25
21

-62
35
-29
25

21
20
6
-36

32
17
1

-9
32
73
6

-25
-29
-21
-14

-30
-31
-14 i
12

-1
10
6
-10

45
22
11
59

-23
-6
60
-22

15
23
17
-2

6
44
49
-11

-20
-15
-26
-14

-31
-46
-20
23

-16
-6
184
13
-7

-9
-10
18
-10
-15

-1
13
55
36
-11

-7
-26
39
-3
7

-2
24
-40
-11
-18

-60
-1
-21
3

16
23
-11
-21

-2
-32 ;
16 j
-28

17
15
22
18
-12

-20
50
70
-36

-4
6
22
-17
-18
g
20
12
-11

-30
-17
-75
-38

-91
-38
-58
-74

63
-23
86
-7
51

-10
-16
-17
-31
-27

40
69
-52

-6
5
-17
-14

-30
-16
6

6
-48
-6
-23

-206
-32
-103
-64

-300
-40
15S
-114

11
6
3
7

25
7
10
^15

101
94
193
-99

96
106
215
-UK)

-8
4
31
-3
7

14
10
48
=-21
34

8H
-22
675
=3^
-6

141
11
745
-22
-28

7
6
5

=-31
21
13
35

-142
16
-3
-45

-133
85
12
-46

22
9
3
-2

17
-=5
33
-9

37
19
149
^50

69
40
169
-50

14
-35
104
10
33

-17
2
21
9
10

9
16
23
10
16

9
-179
494
59
25

1
-179
536
82
37

2
-4
-7
-1

43
-44
-25
6

-13
13
5
10

=5
32
= 13
-10

-1S9
-57
-133
-145

-196
^76
-211
-18 1

-7
-10
-42
17

25
6
14
15
24

-17
-35
35
-60
42

7
7
12
4
-9

44
8
-29
-8
41

145
44
61
-115
126

125
=35
45
-217
69

1
39
6
-4

5
46
24
7

-2
13
18
17

-11
78
102
22 j

-9
11
10
-3

-43
49
38
-3

-47
354
306
-6

-37
374
261
~27

19
4
3

3
7
-29
22

43
61
20
2

21
58
47
50

-123
-45
1
-32

-10
5
13 |
-8 I

14
-4
27
24

110
74
59
-85

-150
126
2H
-114

12
-43
53
-43
-37

-5
2
39
-18
-9

-26
-13
-6
16
-15

69
8
63
-20
-8

40
42
26
23
32

74
-39
2
-6
49

-25
~4
18
-2

36
-9
18
-12
46

227
=92
277
-133
82

221
80
280
-135
47

-55
25
85
-46

-30
17
52
59

-13
8
4
15

-19
-22
-41
-184

~19
19
13

71
37
118
34

2
21
-11
2

7
65
47
-36

200
205
324
-209

-199
233
348
-200

6
13
20
27

-62
-11
-32
-33

-11
13
8
5

-36
31
24
65

-39
36
3
4

Feb. 3
10
17
24

-26
-31
30
-82

34
38
44
. 21

59
64
100
37

-26
2
-9
-4

Mar, 2
9
16
23
30

14
-75
30
-27
-43

22
20
67
-8

76
44
239
51
35

Apr. 6
13
20
27

' -49
-43
-11
-67

3
-11
-17
-13

May 4
11
IS
25

7
-17
16
-61

June 1
8
15
22
29

37
-78
53
4
-I

37
2
11

July

6
13
20
27

-7
-64
9
-41

-6
14
-1
18

Aug. 3
10
17
24
31

30
-22
50
-6
50

24
14
33
18

10
-37
-16
-42
-27

Sept. 7
14
21
28

15
50
56
23

22
-2
-30
-17

5
12
19
26

65
28
109
11

Nov. 2
9
16
23
30
Dec. 7
14
21
28

Oct.

-159

5
-73
-81

-16
10
-6
8

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

296

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS, BY EVDUSTRY^Contimied
A. CHANGES, WEEKLY, AT MEMBER BANKS, 1951-63Continued
(In millions of dollars)
Manufacturing and mining
Week
ending

Food,
liquor,
and
tobacco

Textiles,
apparel,
and
leather

Metals
and
metal
prod-1
ucts

Petroleum,
coal,
chemical,
and
rubber

Other

Trade
(wholesale
and
retail)

Commodity
dealers

Public
utilities
(incl.
transportation)

Construction

All
other
types
of
business

Net
changes
classified

Coml.
and
industrial
changeAll
reporting
banks

1961
Jan.

4
11
18
25

-14
-76
-57
-76

-3
-8
-16
-2

-113
-3
-47
-17

50
49
11
-22

-38
-4
-21
-12

-57
-55
-54
-78

-21
-12
3
5

63
-43
-11
-41

-7
-4
-6

35
-6
24
-6

-105
-162
-173
-250

-135
-139
-204
-303

Feb.

1
8
15
22

7
-46
32
-5

21
33
38
24

45
3
60
17

-18
-13
8
-13

5
-3
27
14

-59
10
12
21

16
8
35
-17

-37
-34
8
-57

-7
5
1
-11

-16
-7
14
14

-43
-45
236
-14

~8l
-20
243
-40

Mar. 1
8
15
22
29

-3
-50
45
_19

18
20
34
11
9

5
12
189
-29
-30

-3
-8
42
14
-33

27
12
48
10
26

24
10
52
21
-7

8
7
-19
-15
-20

-72
-24
119
7
6

-13
-5
20
-12
14

48
14
112
33
12

39
-13
641
32
-42

54
= 30
725
26
-49

Apr. 5
12
19
26

-34
-53
-21
-33

-2
3
-15
-27

-54
-42
-36
-65

55
19
5
-3

16
16
-7
-16

-10
-7
-27

-31
-49
-25
-26

-78
-32
-14
-11

-13
9
3
6

-8
15
-8
28

-149
-123
-126
-174

-147
-74
-112
-135

May 3
10
17
24
31

13
-63
47
-68
-2

18
9
20
-27
-11

28
-20
-22
-30
-22

5
I
-22
-32
-6

16
-7
6
-7
10

29
26
11
-17
-3

-4
-41
-16
-20
-23

13
-24
-18
-51
-26

7
16
16
8
15

-4
16
1
-12
-19

122
-87
21
-254
-86

170
-102
80
-297
-126

June 7
14
21
28

-54
20
70
-50

-112
59
19
101

-23
28

8
37
23
63

-17
15
8
-23

-47
-5
-27
10

-36
72
24
-33

1
16
21
-27

-299
358
183
67

-87
-23
-85
-47

-52
12
28
18

-10
7
-22

-3
4
3
-26

6
4
13
30

-2
-60
-22
34

-14
17
12
2

-155
-77
-130
-63

-154
-66
-169
-60

Aug. 2
9
16
23
30

8
-46
-30
-40
__!
2
66
-7
46

7
64
29
25
!
-4
23
-6

-276
333
181
55

July

-4
26
14
-3
_!
12
-10
-5
32
17
35
-6
-2

55
-18
-11
-19
-90

-20
-134
25
-10
-4

4
7
13
7
-14

20
12
17
4
8

26
9
19
I
31

2
-83
2
-25
9

1
2
17
1
-12

53
32
36
9
-11

173
-154
219
-45
-39

179
-140
233
-94
-22

Sept. 6
13
20
27

32
36
55
36

5
9
-14
-29

-18

17
24
-22
23

18
8
1
-24

10
32
41
9

-17
-17
-2

8
32
101
52

-8
15
20
-10

30
12
1
-44

76
142
248
-6

72
180
209
-132

5
12
19
26

~69

-20

-8

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

297

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS
A. CHANGES, WEEKLY, AT MEMBER BANKS,
(In millions
Nondurable goods manufacturing

Durable goods manufacturing


Week
ending

Primary
metals

Machinery

Transportation
equipment

Other
fabricated
metal
products

Other
durable
goods

Food,
liquor,
and tobacco

Textiles,
apparel,
and leather

Petroleum
refining

Chemicals
and
rubber

Other
nondurable
goods

1961

Sept. 27

-5

-15

-1

-10

36

-24

10

-11
9
9

-21
-10
-9
-37

-16
19
8
-27

-4
-6
-21

-11
-7
-15
-18

68
33
46

-21
-24
-77
-45

-28
14
33
17

-9
-21
6
-5

-4
_4
-U
-9

-39
1
29
-2

25
-4
1
-36
1

-1
-15
-1

-11
-28
2
-6
4

60
-16
73
44

-19
-5
-14
-45
-20

2
2
-22
-12
6

-4
-6
3
3
6

-5
3
-22

-6
12
-18
25

-23
23
40
15

2
-4
7
-6

-14
4
2
-6

-3
2
145
-52

-12
U
-11
-7

-2
-U

-4
-IS
25
-4

-11
-8
-39
-16
23

-68

-18
4

-1
2
-7
-22
-10

2
-109
-26
-49

16
-6

-19
5
7
1
28

Oct.

4
11
18
25

Nov.

1
8
15
22
29

~3
~~6

6
13
20
27

9
10
38

Dec.

59

4
-12
-5

1962
Jan.

3
10
17

it
Feb.

Ma,

Apr.

8
-14
-6

3
-17
13
10

-45
-6
-28
-19

51
31
23
18

-13
4
-14

35
14
53
-S

8
26
22
11

14
14
15

-35

30
27
38
9

-13
22
2
-7

-9
59
36
4

-1

3
2
6
-2

-14
-52
-82

13
14
-S
-15

33
-53
28
-1

18
-14

15
4
26
-26
-19

-12
6

14
10
9

-10
-8
3
4
-1
10
-23
7
12
23
-5
-1
-6

t4

-41
6
-7
5

-24
-42
-11
-14

7
-19
-10
-9

-19

-80
-6
2
-23
16

20
1
4
-3
-7

50
-31
II
9

22
-3
14
-6
1

27
4

9
-60
41
-42
15

-9
8
3
6

-5
-10
43
-3

-7
-14
70
6

1
7
22
12

14
13
26
-2

-24
-39
44
51

-33
-1
-14
-15

-17
-1
-24
2

-35
_24
-89

-2
-6
-20

-21
124
-9
-4

3
-44
6
-65

1
15
22
29

8
-1
1

22
-8
17

8
-2

5
10

16

-18

40
5
46
7
-18

~7
-12

5
-5

22
-23
46
-28
35

21

-10
-8
7
1

9
-2
44
18

8
-40
89

-10
14
1
-14

14
4

29
32
67
32

10
15
-20
-18

-25
1

-18
-10
-4
-27
16

-23
-13
-2
-13
-6

-14
-3
-10
_7
8

70
9
118
-27
48

-8
-13
-45
-52
-35

6
20
27

4
18
25

19
26

Oct.

19
13
8
1

-7

S
23
30

Sep..

24
9
8
-13

11

Aug.

16
7
38
12

-38
-20
-8
-4
^
-4
2
12
13

~4
-8
19

3
38
87
-12

May

July

3
-6

21
28

18
25

June

-14

3
10
17
24
31

14

-3
-1

-n

24

-10
1
-10
-10

-1

For footnotes see end of Table 4.2 A.

Digitized for FRASER


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

298

29
-67

31
5
-11
9
26
32

-6
-34

I4

li
-12
1
-14g
23

10

-IS
-6
-ll
-3
4
4
7
4
11
11
8
1
4
2
3

20
-1
11
-11
-10
-.7
16
39
-33

67
6
13
-2
2

-36
-5
-34
2

-20
4
-27
8

-21

-3
6
10
7
5

7
-7
-8
-31
-17
-2
-4
-3
-5
4

30
17
14
8

6
5
6
-7
6
-13
-30
-19

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
1951-63Continued
of dollars)

Transportation,
communication,
and other
public
utilities

Trade
Minirij

Commodity
dealers

Other
wholesale

Retail

All other
types of
business,
mainly
services

Construction

Coml. and
industrial
change All
reporting
banks

Net
change
in
classified
loans

Week
ending

1961
-132

Sept.

27

93
105
154
-116

-19
63
171
-143

Oct.

4
11
IB
25

45
-1
33
-17
12

177
-69
239
-107
103

208
-75
126
-112
85

Nov.

1
8
15
22
29

-29
17
5
1

71
52
65
11

-55
161
448
159

-93
207
510
187

Dec.

6
13
20
27

-103
15
70
-64
-43

5
9
1
-11
-9

43
48
-48
-20
38

-119
249
-218
-231
-13

-123
296
-271
-249
7

Jan,

3
10
17
24
31

11
13
20
11

-73
1
23
-12

-12
11
8
-3

-2
15
13
21

22
73
42
25

50
79
59
28

Feb.

7
14
21
28

8
26
19
-1

10
40
52
11

1
20
8
8

14
34
35
-17

6
396
487
-140

-1
404
538
-131

Mar.

7
14
21
28

-7
-5
-12
-2

23
11
-6

18
34
10
-24

-14
74
71
-45
1
-38
-39
-66

2
19
19
5

50
-94
17
-209

Apr.
P

-15

47
-115
-7
-240

4
11
18
25

3
-36
-21
34
-14

-4
10
-4
-6
-3

29
-6
3
23
-49

30
20
36
7
-2

20
14
17
26
-7

156
-66
179
-146
-117

159
-27
213
145
-124

May

2
9
16
23
30

-17

1
9
8
15

-47
8
63

-2
17
16
3

5
25
30
2

-73
74
394
28

-63
103
434
26

June

6
13
20
27

-19
5
-1
-3

21
1
-3
-16

-6
11
-11
16

-36
16
29
12

-172
92
-215
-96

-171
95
-240
-84

July

4
11
18
25

-1

50

-9

-45

18
5
155
-9

31
16
17
42

16
27
7
-13

25
19
20
14

49
3
-37
9

3
13
-3
-2

10
19
4
-6

7
-6
24
42
-13

32
33
15
35
17

12
3
8
-9
1

39
14
53
3
9

18
-51
21
-21
35

6
-4
9
-7
I

12

20
50
23
27

-1
-6
9
-1

18
-46
-35
-87

53
59
172
29

30
-5
8

14
15
-14
19
-19

-8
-20
-25
-19
-10

-95
25
-19
-1
2

7
-1
-6
-12

20
-5
-26
-1

9
-6
-7
14

2
-11
-8
-24

-29
-19
19
-20

34
-9
2
-2
-5
15

18
124

1962
192

-15

4
3
20
-16

u
2

-4
-12

-4
3
-1
-7

3
-9
-7
16

3
9
12
9
2
5
6
-9

-10
4
2

19
1
5
2
8

8
-7
25
15
-17

35
-16
15
49
12

26
7
-17

11
-22
7
29
8

187
-26
239
15
15

192
-26
240
58
24

Aug.

-16

14
_4
10
2
20

1
8
15
22
29

-1
2
11
-9

16
31
-16
11

8
12
7
5

-6

-8
69
48
103

-32
8
23
-3

-27
30
2
21

-44
165
306
175

-50
198
291
182

Sept.

29

5
12
19
26

16
9
3
-1
-14

17
25
27
34
24

10
2
20
-13
_i

18
36
44
25
25

14
19
-3
-74
132

-10
-2
4
-9
10

-13
-47T
4
6
37

2
19
118
-199
248

18
4
136
-212
281

Oct.

3
10
17
24
31

-10
8

Digitized for FRASER


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

299

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS
A. CHANGES, WEEKLY, AT MEMBER BANKS,
(In millions
Durable goods manufacturing
Week
ending

Primary
metals

Machinery

Transportation
equipment

Nondurable goods manufacturing

Other
fabricated
metal
products

Other
durable
goods

Food,
liquor,
' and tobacco

Textiles,
apparel,
and leather

-3
46
46
-19

8
6
42
-29

-3
10
10

Petroleum
refining

Other
nondurable
goods

Chemicals
and
rubber

1962
Nov.

3
5
5

-1
5
16
-5

-6
8
46
9

-3
-5
3
-8

18

5
12
19
26

8
1
2
-4

20
16
4
-23

9
-19
51
23

-8
9
3
-3

-8
5
-9
-80

21
14
102
-8 :

-33
-9
-7
-15

2
-12

2
9
16
23
30

-12
1
2
-10
20

-17
2
-8
-25
-8

-31
-3
-11
-10
_3

8
-3
-11
-15
8

-9
-12
-7
-17
4

-4
-112
-14 I
-75

-33
-7
8
-16
9

6
13
20
27

-2
1
4

31
13
36
4

17
4
15
-11

9
10
7
7

1
14
10
10

2
-45
14
-65

32
31
30
28

Mar.

6
13
20
27

-5
5
9
8

17
20
82
-13

15
-14
79
-58

5
3
19
-24

4
15
20
7

-27
-28
5
-17

Apr.

3
10
17
24

-54
-2
-3
2

25
-8
1
-30

-3
-36
-49
-17

8
6
6
-10

4
7
1 i
-3

May

1
8
15
22
29

16
-5
-I
8

17
-23
-2
-11
-7

17
-20
5
-15
-31

7
8
4
1
1

June

5
12
19
26

-12
2
3
-1

-1
3
44
8

-2
2
45
23

July

3
10
17
24
31

-2
-7
7
1
-11

-12
-6
8
-55
-1

Aug.

7
14
21
28

2
-2
1
6

Sept.

4
H
18
25

Oct.

Nov.

Dec.

7
14
21
28

-9

_1
39

-1
-2

-10

-22
2
10
5

-3
-12
-2
-20

-6
-3
_^l
-11
-4

-30
-1

-13
11

-5
4
-3
-IS
3

-5
-6
-11

9
19
21
2

10
4
H
6

25
39
37
24

12
8
-4
-3

9
14
66
16

8
11
10
5

-6
-57
14
-86

12
17
=-1
-19

6
1
6
-1

I
11
12
7

-12
2
2

16
7
7
-1
-5

16
-68
26
-48
-46

14
25
26
-26
-13

-6

-18
8
17
-2

-9
9
16
11

-26
-22
60
21

4
16
16
10

-48
-9
-12
1
5

-5
17
-10
-14
2

-23
10
-8
-23
10

-25
-31
9
-35
28

23
22
5
-16
11

45
-12
-4
11

-1
-7
-17
-72

3
-5
7

9
13
-4
13

_2
33
24
-5

34
24
15
17

-22
9
22
3

-14
3
38
9

-7

-8
II
21
-12

14
4
-4
21

59
4
46
44

2
9
16
23
30

-4
-I
1
-4
1

4
11
-2
-40
-67

-12
-20
-28
20
-12

-3
-7
-22
-5

6
13
20
27

-3
11
1
i

23
-3
-8
1

28
9
20
2

-23
13
2
-16
-11
t
-2
2
-3

4
11
18
25
31

-1
3
11
4
-15

-5
9
46
20
208

-40
-9
24
-2
15

10
~1
10
-21
-11

-9

18

1963
Jan.

Feb.

Dee.

63
15

19

7
7
8
"5
4

-5
7
-5
3

8
2
H
-10

10
6
IB
1

-11
-16
-3

-45
-19
-1
-15 '
-13 j

14
1
7
-11
, c

9
-6
3

21
15 !
4
4

18
9
-1
11

-12 i
-23
-59

8
19
23
-2

-7 ;
1
6
10

6
H
2
1

86
25
84
25
48

-13 j
I9
-63
-26

-9 i
-10
-7
7
4

-25
-42
27
-7
-7

-6
-5
_14
-8

60
30 I
78
-15

-6
10
-46 i
-25

25 !
_7
-5

-14
-1
12

-3
-9
-7

44
-55
89
4
-8

-5
-7
4
-23
-28

For notes see opposite page.

Digitized for FRASER


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

4
4
3
-26
-24

300

32 :

4
11
1

I
7

6
20
4
-17
83

-7
-4
19
9
21

-17
2
21
-27
-14
!

-4
21
-3
-10
-8
6
-2
3
-18

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
1951-63Continued
of dollars)

Trade
Mining"

Commodity
dealers

Other
wholesale

Retail

Transportation,
communication,
and other
public
utilities

Construction

All other
types of
business,
mainly
services

Net
change
in
classified
loans

Coml. and
industrial
change All
reporting
banks

Week
ending

1962

15
-24

19
58
36
-16

1
25
17
18

9
-9
16
15

7
-14
-43
-78

18
-25
19
185

19

15
6
-16

30
11
8
17

40
3
20
10

-7
-20
-10
-21

242
-8
5
17
-24

-14
-7
-9
19
28

-7
-19
-44
-27
-11

45
-13
-14
-32
79
-11
3
5

24
-15
-11
-2
_17
-17
-29
-20

-29
1
2
-1

4
-7
-10

-44
67
51
12

9
282
181
-97

32
295
170
107

Nov.

7
14
21
28

-13
7
2
-10

52
41
68
48

88
-37
233
45

99
28
268
91

Dec.

5
12
19
26

Jan.

2
9
16
23
30

1963
95
-28
-157
-56
-37

9
-28
-20
-11
-17

49
-93
-18
-43
61

116
-353
-293
-315
23

11
-8
21
8

-119
-38
-8
-7
-9
_j
14
39
7

185
-414
-325
-321
4

58
5
-38
24

3
g
7
-16

-35

86
3
136
19

93
1
145
30

Feb.

_1
54

6
13
20
27

-9
18
6
-16

16
35
55
-4

-70
-11
103

_5
21
g
2

3
21
27
9

61
130
497
-90

75
107
543
-81

Mar.

6
13
20
27

4
-24
-25
-32

27
-11
56
-23

11
-2
14
_1

1
9
53
-21

9
16
13
15

15
24
-1
-11

19
-49
-5
-249

28
-2
-16
-222

Apr.

3
10
17
24

3
13
8
-3
-15

-21
-34
-25
-7
-7

15
2
10
4
13

39
-35
35
10
-6

19
-22
1
2
-39

23
13
39
7
9

89
-21
11
-15
-32

258
-132
153
-154
-171

301
-105
201
-166
-199

May

1
8
15
22
29

-27
8
15
-32

-2
-10

3
1
-6
9

-16
2
18
21

-7
22
83
29

-3
3
20
11

-3
43
51
-3

-104
59
407
84

-106
72
455
110

June

5
12
19
26

-8
10
9
-3
-24

39
4
-21

-17
19
22
54
18

-86
42
16
5
15

-10
9
8
4
7

29
-35
-8
-5
1

-184
-93
-16
-268
71

-168
-100
-30
-314
67

July

27

2
2
-21
-13
5

3
10
17
24
31

2
30
2
-21

31
12
16
50

3
-4
-18
-8

-11
13
1
-29

-23
-24
4
9

17
14
5
-12

-10
-49
42

136
50
58
-40

145
39
66
-60

Aug.

7
14
21
28

13
31
-5
-7

2
12
44
21

-1
4
9
9

25
2
11
-1

22
-14
68
76

13
5
27
-11

8
47
18
-33

142
125
365
82

144
150
366
80

Sept.

4
11
18
25

26
20
-17
-14
-18

38
49
82
55
63

17
5
12
19
15

74
-27
21
28
66

2
-20
6
7
-9

19
-13
-42
-11
-48

161
-42
170
3
-5

201
-24
161
28
-14

Oct.

-2
69
45
23

2
9
16
23
30

82

39
35
10
41

5
1
11

127
31
27
47

70
14
1
-5

24
10
2
-19

52
58
-20
65

503
210
73
78

566
246
90
56

Nov.

6
13
20
27

-32
-16

6
16
26
2
-7

14
-36
91
-151
-65

50
115
19
4
117

-24
6
2
-34
26

46
101
101
33
228

35
140
451
-183
853

72
150
523
-141
935

Dec.

4
11
18
25
31

4
11
-5
1
17
13
295

-12

-26
9

r
1
3

Revised.
Includes machinery and transportation equipment.
Beginning with week ending Jan. 11, 1956, excludes changes in
agricultural
loans.
:t
Includes increase of $318 million resulting from errors disclosed incident to survey of credit extended to real estate mortgage
lenders.
4
Tuesday.

Digitized for FRASER


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

301

5
The figures for January-September 1958, as published in the
Federal Reserve BULLETIN for February 1959; incorporated a revision of data because of misclassification. These revisions decreased commercial and industrial loans by amounts ranging
from $82 million on Jan. 8 to $69 million on Sept. 17, 1958.
Figures
for earlier years were not revised.
c
Includes crude petroleum and natural gas.

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS,
B. OUTSTANDING, WEEKLY,
(In millions
Nondurable goods manufacturing

Durable goods manufacturing


Date
Primary
metals

Machinery

Transportation
equipment

Other
fabricated
metal
products

Food,
liquor,
and tobacco

Other
durable
goods

Other
Textiles,

,
' Chemicals
apparel, : Petroleum
and
nondurable
and leather
refining
rubber
;
goods

1964
,751
,718
,645
,626

,309
, 308
,277
,256

1,152
1,193 1
1,195
1,192

978
984 '!
993
1,005

844
823
821
819

,588
,568
,568
,500

,308
,348
,415
,447

1,178
1,176
1,160
1,149

980
990
1,015
1,026

841
832
839
840

,014
,031
,065
,082

,503
,462
,499
,459

,487
,511
,547
,542

1,128
1,106
1,104
1,095

1,035
1,055
I ,092
1,105

829
828
849
857

906
898
907
893
903

,101
,105
,113
,118
,119

,485
,394
,385
,33t
,328

,54?
,537
,556
,527
,515

1,086 i
1,090
1,102
1,077
1,070

1,148
1,136
1,146
1,149
1,153

874
860
889
893
897

905
889
915
908

931
936
939
954

,127
,145
,141
,139

,310
,303
,295
,283

,533
,555
,552
,536

1,066
1,070 ;
1,067
1,055

,146
,143
,142
,141

901
912
917
918

2,166
2,166
2,225
2,195

873
897
921
900

962
983
1,007
998

,143
,147
,165
,162

,291
,243
,323
,296

,535
,536
,56S
,565

1,048
1,049
1,052
1,053

,114
,123
,159
,155

922
922
944
955

656
667
667
668
673

2,132
2,101
2,097
2,062
2,058

846
874
823
796
781

1,012
988
983
958
958

,171
,181
1,161
1,151
1,152

,322
,284
,252
,239
,217

,593
,609
,628
,612
,587

1,043
1,033
961 i!
950
940

,131 i
,122
,126
,116
,111

954
951
968
964
966

5
12
19
26

674
683
671'
669

2,068
2,054
2,070
2,054

805
836
849
835

962
972
967
962

1,174
1,181
1,189
1,196

,225
,236
,273
[280

,606
,624
,630 !
,635

942 '!
943
948
942

,102
,093
,096
,099

975
980
988
994

Sept,

2
9
16
23
30

648
650
659
659
659

2,037
2,037
2,096
2,079
2,114

843
843
900
895
887

967
966
998
985
998

1,198
1,211
1,222
1,216
1,219

,332
,341
,411
,432
,473

,676
,667
,685
,636 <
,629

954
959 i
987 '
98!
1,009

Oct.

7
14
21
28

661
669
661
657

2,114
2,134
2,120
2,078

885
881
878
860

991
985
965
947

1,201
1,195
1.183
ijisi

,508
,572
,669
,685

,600
,586
482
,450

,010
,015
,028
,025

,193
,179
,206
,194

985
981
965
955

Nov.

4
11
18
25

659
664
680
625

2,101
2,100
2,144
2,142

865
873
882
886

944
946
951
932

1.182
1,180
1,172
1,155

,781
,796
,877
,854

,425 i
,412
,386
,347

,023 j
,022
,011
,002 i

,220 '
,218
,242
,236

932
VJ1

2
9
16
23
30

622
622
637
650
641

2,144
2,152
2,206
2,200
2,207

906
907
940
945
947

939
951
953
958
962

1,154
1,150
1,166
1,162
1,153

,894
,871
,998
,994
2,000

,316
,311
306 ,
,273
fl,270 (

,013
,013
,028
,023
,042 j

,246
,274
,351
,356
,404

924
921
)06

Jan.

8
15
22
29

60S
608
614
615

2,174
2,175
2,152
2,123

881
908
903
832

799
797
794
788

1,032
1,021
1,010
991

Feb.

5
12
19
26

626
624
637
643

2,159
2,168
2,202
2,221

848
842
872
857

789
808
814
822

997
1,005
1,011
1,011

Mar.

4
11
IB
25

637
648
669
670

2,175
2,179
2,245
2,253

853
855
895
893

824
846
870
879

Apr,

1
8
15
22
29

705
711
714
705
702

2,232
2,204
2,234
2,201
2,204

876
872
871
858
850

May

6
13
20
27

703
688
691
693

2,218
2,187
2,168
2,165

June

3
10
17
24

698
714
741
740

July

1
8
15
22
29

Aug.

Dec.

For footnotes see end of Table 4.2 B.

Digitized for FRASER


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

502

,142 B
,148
,174
,172
,172

^99
1,000
1,007
992
986

927

923

SUl

892

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
AT MEMBER BANKS, 1964-66
of dollars)
Trade
Mining

Transportation,
communication,
and other
public
utilities

Construction

AH

other,
mainly
services

Bankers
acceptances

Total
loans
classified

Coml. and
industrial
loansAll
reporting
banks

Date

Commodity
dealers

Other
wholesale

2,794
2,753
2,736
2,722

,386
,390
,387
,381

2,001
,969
,954
,956

2,330
2,331
2,315
2,299

4,489
4,375
4,352
4,300

,834
,841
,825
,824

4,674
4,683
4,687
4,673

835
806
817
889

31,871
31,683
31,477
31,291

37,818
27,641
37,424
37,195

Jan.

2,699
2,698
2,700
2,689

,340
,342
,295
,277

,976
,973
,987
,993

2,365
2,343
2,361
2,371

4,229
4,189
4,180
4,165

,834
,846
,846
,850

4,708
4,725
4,771
4,791

880
914
927
932

31,345
31,391
31,600
31,584

37,314
37,368
37,619
37,590

Feb.

2,686
2,683
2,704
2,679

,241
,222
,202
,168

2,013
2,011
2,032
2,048

2,403
2,402
2,519
2,495

4,088
4,010
4,059
4, 100

,846
,.864
,894

4,819
4,858
4,921
4,935

965
889
876
889

31,546
31,460
32,025
32,043

37,599
37,507
38,137
38,172

Mar. 4

>77

2,654
2,677
2,676
2,693
2,679

,171
,120
,081
,073
,031

2,051
2,039
2,053
2,049
2,044

2,516
2,430
2,529
2,524
2,518

4,075
4,012
4,028
4,034
4,056

,884
,883
,933
,935
,941

4,945
4,926
4,925
4,923
4,936

902
918
921
844
871

32,158
31,812
32,063
31,827
31,817

38,308
37,964
38,252
38,015
38,057

Apr.

2,678
2,710
2,693
2,696

997
962
952
923

2,057
2,075
2,089
2,076

2,633
2,618
2,653
2,602

3,994
4,003
3,992
4,009

1,971
2,019
2,046
2,051

4,952
4,919
4,932
4,943

887
955
943
909

32,009
32,089
32,127
32,001

38,307
38,394
38,416
38,320

May

2,678
2,688
2,690
2,694

894
879
885
884

2,083
2,094
2,119
2,107

2,551
2,536
2,597
2,561

3,944
3,911
4,042
4,027

2,062
2,087
2,123
2,120

5,000
5,001
5,044
5,039

924
893
871
860

31,888
31,869
32,476
32,411

38,243
38,234
38,885
38,748

June 3

2,682
2,685
2,796
2,800
2,776

903
897
921
925
936

2,124
2,116
2,123
2,128
2,112

2,522
2,464
2,456
2,436
2,526

4,099
4,062
4,070
4,086
4,079

2,134
2,125
2,152
2,159
2,163

5,060
5,033
5,096
5,063
5,062

907
911
932
978
974

32,291
32,103
32,212
32,091
32,071

38,785
38,568
38,687
38,526
38,498

July

2,777
2,784
2,777
2,787

928
930
929
936

2,128
2,122
2,123
2,122

2,591
2,568
2,571
2,541

4,087
4,090
4,087
4,131

2,184
2,232
2,245
2,252

5,052
5,027
5,016
5,011

966
982
982
975

32,246
32,332
32,411
32,421

38,700
38,874
38,915
38,902

Aug. 5

2,854
2,857
2,857
2,853
2,834

951
963

2,139
2,134
2,161
2,183
2,182

2,538
2,532
2,659
2,657
2,704

4,155
4,152
4,272
4,306
4,427

2,236
2,245
2,257
2,232
2,224

5,002
4,991
5,023
5,015
5,000

980
905
923
911
921

32,651
32,601
33,299
33,232
33,476

39,091
39,031
39,802
39,711
39,953

Sept. 2

,008
,028
,038

Retail

1964
8

15
22
29

12
19
26
11
18
25

8
15
22
29

13
20
27

10
17
24

8
15
22
29
12
19
26

9
16
23
30

2,824
2,842
2,809
2,786
2,839
2,829
2,821
2,829

,082
,126
1,196
1,246

2,198
2,227
2,229
2,222

2,585
2,603
2,655
2,693

4,341
4,323
4,309
4,322

2,205
2,242
2,250
2,232

4,986
4,997
4,995
5,006

876
901
851
866

33,245
33,458
33,451
33,405

39,743
39,964
39,913
39,882

Oct.

1,320
1,394
1,435
1,463

2,241
2; 240
2,247
2,256

2,743
2,737
2,796
2,740

4,286
4,258
4,275
4,313

2,236
2,250
2,269
2,261

4,981
4,992
4,998
5,012

886
869
895
914

33,664
33,711
34,008
33,890

Nov. 4

2,894
2,897
2,924
2,975
3,129

1,469
1,445
1,461
1,436
1,429

2,256
2,260
2,276
2,269
2,263

2,882
2,701
2,759
2,636
2,493

4,366
4,371
4,481
4,565
4,664

2,254
2,251
2,297
2,269
2,262

5,090
5,116
5,199
5,233
5,394

1,016
1,040
1,072
1,095

969

34,338
34,229
34,928
34,917
35,247

40, 192
40,295
40,651
40,548
40,999
40,914
41,668
41,668
42,119

Digitized for FRASER


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

303

14
21
28
11
18
25

Dec.

9
16
23
30

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS,
B. OUTSTANDING, WEEKLY, AT MEMBER
(In millions

[
Nondurable goods manufacturing

Durable goods manufacturing


Date

Primary
metals

Other
fabricated
metal
products

Food,
liquor,
and tobacco

Textiles,
apparel,
and leather

,151
,158
,139
,157

1,965
1,892
1,915
1,880

1,263
1,254
1,255

974
996

1,895
1,825
1,836
1,804

,281
,310
,361
,370

Machinery

Transportation
equipment

2,237
2,253
2,224
2,249

952
962
968
968

970
980
965

961 |

973
980

Other
durable
goods

Chemicals
and
rubber

Other
nondurable
goods

1,013
1,013

1,412
1,411

894
892

991

1,372

872

1,390
,400
,462
,473

901
911
908
921
937
946
968
983
989

Petroleum
refining

1965
Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

638
640
646
647

54
659
667
661

2,277
2,289
2,351
2,371

1,014
1,015

1,019
1,017

,159
,179
,198
,200

689
713
731
732
733

2,404
2,421
2,591
2,614
2,664

1,006
1,004
1,042
1,026
1,011

1,043
1,059
1,119
1,109
1,131

,210
,229
,280
,281
,296

1,852
1,774
1,814
1,773
1,821

,413
,443
,528
,512
,518

,172
,171
,206
,213
,208

.503
;499
577
.577
,594

738
747
749
757

2,637
2,687
2,696
2,701

1,010

989
990
982

1,122
1,118
1,113
1,153

,302
,334
,335
,346

1,751
1,717
1,717
1,674

,525
,547
,543
,551

,215
,194
,187
,1S1

!647

780
787
779
777

2,740
2,774
2,727
2,721

1,024
1,030
1,058
1,028

1,164
1,196
1,192
1,187

,384
,397
,379
,379

1,674
1,612
1,615
1,561

,572
,597
,607
,565

,181
,186
,196
,202

779
782
804
802
801

2,655
2,655
2,733
2,719
2,741

1,059
1,035
1,090
1,087
1,066

1,207
1,206
1,271
1,258
1,285

,390
,411
,422
,426
,438

1,544
1,585
1,647
1,630
1,630

,575
,599
,655
,660
,694

,210
,213 !
,229 !
,225
,231

775
779
782
770

2,740
2,755
2,697
2,700

1,042
1,069
1,094
1,103

1,290
1,298
,277
,282

1,471
1,481
1,465
1,427

1,597
1,563
1,561
1,513

,719
,737
,729
,733

,242
,251
,237
,227

770
787
804
806

2,713
2,726
2,740
2,733

1,118
1,141
1,140
1,145

,297
,331
,329
,321

1,440
1,461
1,461
1,472

1,527
1,511
1,539
1,516

,767 '!
,800
,826
,877

,236
,239 :
,248
,289 |

.659

654
,669
>36 (

,125
,145
,165
,H4

792
789
822
824
807

2,716
2,699
2,786
2,780
2,777

1,181
1,173
1,257
1,260
1,246

,305
,292
,336
,387
,394

1,506
1,516
1,550
1,560
1,556

1,575
1,569
1,670
1,707
1,733

,899
,894
,919
,908
,866

,292
,294
,335
,337
,333

,627
,628
,685
,702
,694

,192
,185
,219
,216
,203
,204
,177
1,155
1,144

13
20
27

10
17
24
10
17
24
31
14
21
28
12
19
26
9
16
23
30
14
21
28
11
18
25
8
15
22
29

989
,022 !
,154
,170

,601

.623

986
992

;657

1,022
1,046

,680
,687
,697
,637

1,058
1,067
1,078
1,076

1,628
1,622
1,705
1.717

1,076
1,090
1,091
1,084
1,095

.680

1,089
1 , HH)
1,108

1J03
,677
,667
,656

1,110

13
20
27

763
757
751

757

2,811
2,809
2,783
2,759

1,248
1,242
1,223
1,231

,379
,368
,346
,327

1,564
1,567
1,545
1,537

1,815
1,852
1,876
1,964

,858
,855
,795
,746

,344
,349
,365
,357

,702
,706
,696
,709

758
750
753
763

2,791
2,744
2,800
2,770

1,199
1,192
1,219
1,188

,321
,311
,320
,296

1,521
1,524
1,521

,736
,738
,728
,669

,357

,370

.713

1,132
1,126

1,513

2,009
2,015
2,151
2,121

,376
,385 !

,717
,701

1,133
1,144

768
746
757
813
818

2,778
2,774
2,831
2,859
2,862

1,193
1,191
1,249
1,214
1,196

,303
,303
,333
,360
,355

1,520
1,538
1,542
1,532 i
1,521

2,168
2,158
2,306
2,388
2,390

,632
,617
,624
,590
,530

,370
,374
,386
,471
1,490

,698
,710
,748

1,160
1,164
1,173
1,181
1,157

10
17
24
1

8
15
22
29

For footnotes see end of Table 4.2 B.

Digitized for FRASER


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

304

;?ot

776

,786

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
BANKS, 1964-66Continued
of dollars)
Trade
Mining

Commodity
dealers

Other
wholesale

Retail

Transportation,
communication,
and other
public
utilities

Construction

All

other,
mainly
services

Bankers
acceptances

Total
loans
classified

Coml. and
industrial
loans All
reporting
banks

Date

1965
3,216
3,219
3,207
3,174

1,410
,448
,472
,510

2,236
2,219
2,196
2,183

2,543
2,589
2,593
2,675

4,632
4,576
4,591
4,578

2,255
2,246
2,245
2,231

5,453
5,441
5,498
5,540

1,087
1,022

42,090
41 ,947
41 875
41,849

Jan.

916
885

35,327
35,220
35,157
35,128

3,167
3,239
3,245
3,284

,539
,549
,557
,564

2,191
2,190
2,234
2,250

2,761
2,702
2,771
2,708

4,575
4,585
4,592
4,597

2,242
2,258
2,280
2,278

5,587
5,622
5,634
5,661

870
795
811
818

35,425
35,511
36,094
36,162

42 239
42,337
43 012
43,041

Feb.

3,281
3,274
3,302
3,319
3,347

,528
,518
,480
,417
,409

2,305
2,318
2,352
2,377
2,389

2,759
2,659
2,908
2,867
2,907

4,574
4,528
4,643
4,623
4,649

2,288
2,270
2,272
2,289
2,264

5,693
5,651
5,702
5,786
5,822

786
733
770
755
788

36,443
36,210
37,285
37,253
37,540

43 343
43,163
44 334
44,314
44,620

Mar.

3,351
3,364
3,364
3,358

,356
,285
,269
,230

2,389
2,429
2,452
2,444

2,807
2,848
2,891
2,842

4,631
4,589
4,600
4,643

2,276
2,330
2,330
2,341

5,844
5,766
5,732
5,755

761
767
740
769

37,281
37,347
37,377
37,430

44,363
44,448
44,525
44,597

Apr.

3,320
3,320
3,331
3,315

,209
,195
,166
,115

2,471
2,485
2,506
2,515

2,957
2,938
3,061
3,051

4,722
4,703
4,726
4,730

2,378
2,405
2,434
2,433

5,786
5,812
5,800
5,814

816
867
842
861

37,916
38,058
38,197
37,967

45 108
45,293
45 458
45,223

May

3,294
3,300
3,348
3,350
3,350

,074
,053
,054
,032
,039

2,514
2,507
2,522
2,536
2,533

3,026
2,948
3,123
3,066
3,174

4,818
4,806
5,040
5,017
5,169

2,428
2,439
2,498
2,500
2,521

5,806
5,822
5,930
5,910
5,958

889
863
868
874
882

37,972
37,936
39,030
38,893
39,310

45,270
45,258
46,473
46,320
46,847

June

3,360
3,364
3,358
3,326

,026
,023
,009
,015

2,540
2,540
2,537
2,540

3,122
3,064
3,005
2,953

5,165
5,169
5,160
5,216

2,504
2,531
2,525
2,525

5,971
5,964
5,965
5,939

856
829
815
800

39,189
39,194
38,991
38,835

46,688
46,706
46,455
46,282

July

3,333
3,334
3,343
3,327

,021
,020
,025
,041

2,560
2,573
2,563
2,547

3,066
2,982
3,050
2,986

5,161
5,148
5,132
5,146

2,525
2,541
2,565
2,557

6,010
5,995
^,050
6,055

813
819
826
793

39,141
39,207
39,475
39,421

46,590
46,706
47,007
46,897

Aug.

3,302
3,325
3,353
3,346
3,351

,069
,066
,068
,096
,101

2,543
2,552
2,590
2,586
2,577

2,980
2,965
3,005
3,080
3,155

5,176
5,138
5,293
5,347
5,502

2,547
2,521
2,540
2,552
2,550

6,051
6,002
6,045
6,034
6,052

751
731
717
727
691

39,504
39,339
40,190
40,449
40,588

46,987
46,794
47 , 697
47,955
48,117

Sept.

3,361
3,375
3,352
3,342

,123
,139
,206
,271

2,592
2,628
2,647
2,651

3,184
3,277
3,230
3,176

5,493
5,481
5,523
5,513

2,526
2,541
2,556
2,551

6,063
6,080
6,080
6,081

661
657
643
623

40,685
40,866
40,778
40,733

48,132
48,370
48,241
48,220

Oct.

3,353
3,349
3,360
3,350

,339
,398
,414
,443

2,667
2,677
2,715
2,691

3,309
3,270
3,412
3,337

5,662
5,658
5,683
5,663

2,565
2,581
2,618
2,604

6,103
6,128
6,127
6,091

641
624
618
602

41,176
41,156
41,665
41,331

48,778
48,737
49,310
48,951

Nov.

3,341
3,338
3,357
3,500
3,593

,450
,458
,470
,465
1,475

2,702
2,686
2,712
2,709
2,716

3,351
3,267
3,378
3,299
3,097

5,734
5,727
5,917
6,050
6,130

2,590
2,603
2,602
2,574
2,547

6,127
6,138
6,226
6,278
6,339

622
625
629
647
696

41,507
41,417
42,240
42,706
42,698

49,167
49,061
50,024
50,560
50,692

Dec.

Digitized for FRASER


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

305

13
20
27

10
17
24

10
17
24
31

14
21
28

5
12
19
26

9
16
23
30

14
21
28

11
18
25

8
15
22
29

13
20
27

10
17
24

8
15
22
29

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS,
B. OUTSTANDING, WEEKLY, AT MEMBER
(In millions
Durable goods manufacturing
Date
Primary
metals
^^MMI^M

Machinery

Transportation
equipment

Other
fabricated
metal
products

Nondurable goods manufacturing


Other
durable
goods

i
Food,
Textiles.
apparel,
Petroleum
liquor,
refining
| and tobacco and leather
!

Chemicals
Other
and
nondurable
rubber j
goods

^^^^MMBMM*

1966
Jan.

5
12
19
26

881
888
896
883

2,895
2,870
2,844
2,831

1,161
1,168
1,133
1,124

1,445 1
1,457 I
1,447
1,442

Feb.

2
9
16
23

869
864
876
874

2,869
2,864
2,919
2,910

1,143
1,172
1,209
1,177

1,442
1,440
1,462
1,436

Mar.

2
9
16
23
30

902
929
958
964
971

2,971
2,965
3,102
3,058
3,075

1,209
1,177
1,274
1,300
1,321

Apr,

6
13
20
27

963
974
962
972

3,043
3,015
3,013
3,016

May

4
11
18
25

997
1,057
1,013
1,013

June

1
8
15
22
29

2,367
2,354
2,353
2,340

1,512
1,510
1,484 '
1,485

1,545
1,557
1,559
1,574 :

2,322
2,343
2,395
2,364

1,534 1
1,588
1,653 I
1,675

1,436
1,359
1,439
1,439
1,451

1,592 j
1,622
1,671 1
1,675 i
1,677

2,371
2,348
2,425
2,386
2,351

1,298
1,324
1,331
1,339

1,451
1,423
1,470
1,459

1,698
1,731
1,721
1,715

3,087
3,068
3,114
3,112

1,370
1,325
1,375
1,388

1,484
1,506
1,500
1,493

1,025
1,032
1,060
1,082
1,051

3,199
3,214
3,364
3,509
3,542

1,417
1,390
1,558
1,550
1,554

292

1,085

3,543

6
13
20
27

1,068
1,068
1,071
1,067

1,541
1 , 594
1,569
1,550

I ,572
1,773
1,564 !i
1,773
1,801
1,577
1,804
1,606
1,852
1,844 i
1,909 f
1,927

1,608
1,624
1,62
1,630

1,131
1,141
1,148
1,148
1,155
1,161
U78
1,174

1,725
1,775
1,855
1,862
1,855

1,635 j 1,936
1,632 1 1,936
2.069
1,655
1,661
2,099
1,639 |
2,116

1,179
1,187
1,240
1,238
1,250

2,306
2,297
2,262
2,231

1,858
1,870
1,879 i
1,858

1,619
1,631
i;627
1,633

2,121
2,110
2 119
2,000

1,259
1,260
},279
1,281

1,745
1,759
1,772
1,768

2,207
2,202
2,211
2,165

1,890
1,917
1,955
1,923

1,662
1,685
1,749
1,779

1,490
1,497
1,560
1,585
1,620

1,776
1,796
1,857
1,890
1,911

2,177
2,097
2,212
2,193 !
2,234

1.941
K985
2,037
2,078
2,080

1,812
1,838
1,865
1>71
1,746

1.994
!,?96
2; 006
|309
2,007 i 1,360
1 , J49
2,025
1,353
2,044
1,356
2,045
1,437
2,110
1,456
2,139
1,466
2,139

1,527

1,602

1,903

2,233

2,099

1,867

2,135 I

3,613
3,648
3,653
3,678

1,540
1,566
1,578
1,572

1,634
1,674
1,667
1,661

1,929
1,954
1,957
1,951

2,238
2,212
2,216
2,122

2,128
2,165
2,144
2,147

1,777
2.138
1,762
2,120
1,788 i
2.093
1,791 )
2,091

24
31

1,062
1,065
1,072
1,085
1,085

3,728
3,739
3,762
3,758
3,662

1,574
1,654
1,717
1,696
1,714

1,669
1,682
1,681
1,658
1,647

1,954
1,967
1,981
1,983
1,950

2,104
2,107
2,189
2,172
2,177

2,167
2,209
2,235
2,231
2,258

Sept. 7
14
21
28

1,095
1J07
1,009
1,010

3,687
3,785
3,924
3,903

1,754
1,779
1,727
1,766

1,647
1,669
1,685
1,674

1,937
1,969
1,973
1,981

2,199
2,186
2,319
2,289

2,254 [
2,257
2,240
2,205

1,791
1,796
1,798
1,775

2 -M4

2,216 J

1.592

5
12
19
26

979
971
968
963

3,947
3,960
3,974
3,957

1,784
1,804
1,755
1,761

1,641
1,638
1,639
1,627

1,997
1,999
1,986
1,982

2,374
2,351
2,424
2,451

2,177
2,142
2,08?
2,011

1,769
1,773
1,773
1,773

2,239
2,239 i
2,214 i
2,215

1,592
1,3/0
l,54i
1 , 525

Nov. 2
9
16
23
30

961
960
961
956
959

3,886
3,886
3,916
3,947
3,953

1,792
1,819
1,859
1,865
1,885

1,607
1,604
1,618
1,589
1,587

1,979
1,989
1,998
1,998
1,965

2,008
2,023
2,010
1,948
1,910

1,764
1,770
1,780
1,751
1,740

2,198
i
2,202
(
2,218 1
! 2,221
i 2,215

1,522
1 , 52t)
1 ,524
1 , 50g
1 , 509

Dec.

951
957
951
950

3,968
4,022
4,217
4,123

1,954
2,017
2,017
2,001

1,578
1,595
1,595
1,575

1,984
1,999
2,020
1,987

2,521
2,577
2,605
2,642
2,642
2,694
2,710
2,827
2,808

1,880
1,873
1,829
1,825 ,

1,703
1,701
1,703
1,613

2,237 !
2,249 |
2,269 i
2,268

l,51l
1,509
1,529
1,529

July

Aug.

Oct.

m
10

7
14
21
28

Digitized for FRASER


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

306

1,790 I
1,769
1,769
1,777
1,776

1,465
1,488
1,501
1,528
1 , 530

2,090
2,121
2,114 ,
2,125
2,110 i

1,529
1,540
1,561
1 , 566
1,564

2,120
2,161

1,569
1,590
1,399

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
BANKS, 1964-66Continued
of dollars)
Trade
Mining 1

Commodity
dealers

Other
wholesale

Retail

Transportation,
communication,
and other
public
utilities

Construction

All

other,
mainly
services

Bankers
acceptances

Total
loans
classified

Coml. and
industrial
loans All
reporting
banks

Date

1966

3,733
3,743
3,740
3,721

1,470
1,479
1,480
1,480

2,709
2,669
2,634
2,616

2,986
2,929
2,935
2,869

6,104
6,066
5,963
5,919

2,532
2,532
2,553
2,544

6,400
6,416
6,419
6,419

680
661
628
657

42,892
42,814
42,604
42,438

50,837
50,764
50,504
50,322

Jan.

3,686
3,687
3,694
3,685

1,485
1,477
1,482
1,475

2,609
2,631
2,630
2,642

2,888
2,814
2,895
2,925

5,913
5,885
5,879
5,918

2,552
2,536
2,557
2,545

6,424
6,437
6,447
6,449

663
643
651
663

42,529
42,567
43,023
43,043

50,462
50,476
51,008
51,059

Feb.

3,669
3,G68
3,699
3,719
3,711

1,451
1,420
1,454
1,411
1,375

2,662
2,648
2,710
2,725
2,722

3,013
2,988
3,106
3,129
3,086

5,870
5,857
5,947
5,938
6,007

2,547
2,538
2,578
2,554
2,583

6,468
6,483
6,543
6,546
6,582

630
580
569
571
695

43,266
43,112
44,294
44,275
44,467

51,315
51,158
52,438
52,470
52,640

Mar, 2

3,706
3,728
3,713
3,711

1,346
1,331
1,289
1,265

2,731
2,736
2,755
2,773

3,133
3,125
3,316
3,275

5,733
5,760
5,734
5,711

2,576
2,584
2,593
2,600

6,618
6,651
6,669
6,680

750
719
723
716

44,209
44,319
44,455
44,235

52,423
52,583
52,723
52,495

Apr. 6

3,714
3,714
3,725
3,756

1,254
1,221
1,220
1,192

2,783
2,783
2,796
2,778

3,302
3,280
3,426
3,386

5,843
5,849
5,852
5,825

2,611
2,620
2,654
2,664

6,702
6,687
6,737
6,743

783
111
753
683

44,724
44,765
45,219
45,042

53,084
53,142
53,566
53,454

May 4

3,751
3,762
3,770
3,792
3,937

1,154
1,125
1,128
1,126
1,153

2,781
2,767
2,799
2,826
2,877

3,433
3,335
3,451
3,582
3,552

5,926
5,907
6,096
6,169
6,350

2,659
2,664
2,698
2,725
2,736

6,796
6,754
6,811
6,849
6,808

657
598
553
507
464

45,391
45,162
46,366
46,929
47,220

53,839
53,647
54,889
55,518
55,792

June 1

3,801

1,148

2,828

3,520

6,340

2,710

6,768

464

47,038

58,246

3,940
3,937
3,962
3,939

1,139
1,174
1,185
1,177

2,887
2,863
2,868
2,863

3,560
3,531
3,477
3,476

6,432
6,385
6,451
6,505

2,694
2,716
2,718
2,718

6,756
6,764
6,758
6,764

453
443
435
410

47,414
47,483
47,549
47,462

58,648
58,767
58,813
58,695

July

3,935
3,912
3,902
3,885
3,867

1,286
1,288
1,255
1,235
1,209

2,881
2,868
2,846
2,806
2,819

3,680
3,649
3,499
3,394
3,312

6,515
6,475
6,476
6,415
6,407

2,705
2,693
2,716
2,718
2,691

6,737
6,743
6,680
6,728
6,679

419
406
378
387
349

47,825
47,887
47,833
47,619
47,276

59,007
58,962
58,942
58,646
58,274

Aug. 3

3,852
3,876
4,018
4,023

1,227
1,195
1,198
1,170

2,828
2,831
2,856
2,870

6,396
6,466
6,632
6,710

2,648
2,665
2,664
2,636

6,648
6,624
6,712
6,712

360
340
359
363

47,360
47,666
48,402
48,299

58,306
58,642
59,404
59,408

Sept. 7

3,994
3,999
4,004
3,979
3,955
3,956
3,983
3,961
3,938

1,178
1,178
1,212
1,205

2,869
2,877
2,887
2,866

3,348
3,370
3,475
3,404
3,504
3,507
3,541
3,513

6,800
6,779
6,795
6,814

2,617
2,617
2,618
2,610

6,732
6,738
6,721
6,730

394
379
352
387

48,587
48,521
48,491
48,373

59,619
59,577
59,548
59,460

Oct.

1,261
1,323
1,389
1,385
1,447

2,889
2,892
2,914
2,918
2,939

3,648
3,586
3,750
3,555
3,570

6,197
6,889
6,889
6,889
6,975

2,590
2,587
2,587
2,558
2,534

6,729
6,726
6,724
6,755
6,731

431
418
425
466
447

48,658
48,727
49,150
48,912
48,946

59,691
59,816
60,235
59,995
60,010

Nov. 2

3,905
3,915
3,946
3,983

1,451
1,484
1,499
1,482

2,942
2,932
2,961
2,930

3,511
3,477
3,560
3,473

6,985
7,044
7,176
7,261

2,551
2,563
2,554
2,537

6,698
6,713
6,760
6,715

445
475
475
528

48,948
49,235
49,888
49,588

60,021
60,366
61,111
60,747

Dec. 7

Includes crude petroleum and natural gas.

Digitized for FRASER


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

12
19
26

9
16
23
9
16
23
30

13
20
27
11
18
25

8
15
22
29

292

13
20
27
10
17
24
31

14
21
28

12
19
26
9
16
23
30
14
21
28

Totals and loans classified by industry were reduced by $165 million because 16
smaller banks no longer report in this series.

307

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS,
C. OUTSTANDING, WEEKLY,
[In millions
Nondurable goods manufacturing

Durable goods manufacturing


Date

Primary
metals

Machinery

Transportation
equipment

Other
fabricated
metal
products

'

"

il

Other
durable
goods

Food,
liquor,
and tobacco

"

-'

:j

Textiles, | _
,
Chemicals
apparel, ' Petroleum |
ami
and leather
refining
rubber

Other
nondurable
Hoods

1967
Jan.

4
11
IB
25

857
872
871
877

4,038
4,105
4,067
4,075

1,984
2,024
2,024
1,980

,553
,553
,556
,551

,984
,971
,941
,909

2,735
2,612
2,621
2,502

,821
,830
,818
,797

,467
,532
,540
,535

Feb.

I
8
15
22

876
891
895
892

4,048
4,071
4,114
4,159

2,002
2,021
2,084
2,084

,526
,525
,566
,568

,915
,922
,928
,933

2,468
2,428
2,361
2,398

,806
,848
,916
,942

Mar.

1
8
15
22
29

887
890
922
928
936

4,283
4,334
4,607
4,632
4,635

2,158
2,160
2,258
2,273
2,221

,586
,612
,668
,710
,711

,934
,956
,997
2,010
2,020

2,313
2,284
2,264
2,323
2,248

Apr.

5
12
19
26

936
952
961
962

4,563
4,477
4,618
4,724

2,179
2,105
2,033
2,001

,727
,764
,777
,773

2,045
2,016
2,001
1,997

May

3
10
17
24
31

987
983
979
965
978

4,736
4,603
4,601
4,565
4,520

2,003
1,990
2,014
,971
,929

,792
,798
,848
,850
,848

June

7
14
21
28

966
,016
,077
,089

4,435
4,563
4,895
4,920

,896
,932
,936
,948

July

5
12
19
26

,136
,132
,152
,164

4,877
4.867
4', 841
4,848

Aug.

2
9
16
23
30

,142
,147
,138
,132
,123

Sept.

6
13
20
27

Oct.

]
2,141 i
2,148 ;
2,121
2,091 j

,479
,499
,496
,480

,519
,483
,507
,487 :

2,093 j
2,127
2,211
2,212

,449
,441
,450
,456

1,986
2,018
2,068
2,069
2,073

,469 ; ,
,464
,475
,4H6
,487 j

2,232 I
2,269
2,376 ;
2,402
2,423 ,

,442
,470
,514
,520
,525

2,236
2,167
2,202
2,180

2,055
2,085
2,089
2,071

,458 '
,457 Ij
,486
,463 ,

2,450
2,500
2,581
2,581

1!
!
:l
I

,531
,543
,573
,583

2,018
2,037
2,054
2,060
2,068

2,147
2,080
2,103
2,044
2,034

2,081
2,064
2,061
2,040
2! 038

,465 :!
,462
,518 '
,529
,496

2,556 i
2,563 !
2,527 j
2,496
2,449

,593
,560
,576
,570
,568

,863
,888
,963
,977

2,074
2,102
2,142
2,138

2,026
1,993
2,188
2,143

2,057 :i;
2 124
2, 132 !
2! 159 j

,473
,640
,650
,667

!
i
\
j

2,375
2,382
2,444 \
2,424 j '

,552
,561
,625
,633

,969
,948
,944
,932

,950
,944
,932
,875

2,130
2,131
2,096
2,089

2,164
2,097
2", 105
2,123

2,176 j
2 207 !
2! 181 i
2,159

,668
,667
,668
,659

1
]
!
;

2,372 j
2,365
2,357
2,321

,669
,675
,668
,068

4,855
4,672
4,693
4,641
4,542

,915
,882
,881
,858
,890

,861
,859
,855
,817
,772

2,070
2,086
2,092
2,091
2,096

2,090
2,088
2,156
2,155
2,095

2,132
2,154
2,172
2,155
2,172

,544 l!:
,507
,468
,385
,378

2,270
2,259 J
2,298
2,298 "
2,254 j

.659
,668
,701
,704
.707

,214
,224
,188
,192

4,525
4,484
4,558
4,538

,906
,867
,938
,925

,763
,794
,798
,799

2,103
2,114
2,142
2,148

2,132 :|
2,067
2,187
2,171

2, IB!
2.192
2,145
2,134

,376
,399
,447 !
,463 i

2,258 ,
2,264
2,289 i
2,312 !

,716
,719
,757
,763

4
11
IB
25

,193
,204
,195
,192

4,507
4,403
4,349
4,351

,946
,862
,836
,901

,791
,775
,739
,738

2,124
2,132
2,072
2,049

2,231
2,257
2,300 i
2,312

2,135
2.116
2,083
1,999

,478 !,
,480
,466 j
,478

2,334
2,349 '
2,346 ,
2,330

,761
,763
,743
,716

Nov.

1
8
15
22
29

,214
,205
,209
,227
,215

4,216
4,229
4,232
4,359
4,346

,935
,936
,943
,841
,854

,730
,704
,707
,687
,682

2,006
2,008
2,006
2,000
1,991

2,359
2,378
2,400
2,581
2,531

,961
,991
.965
,908
,876

,509 !
,528 j
521
,501
,501 '

2,328
2,339
2,307
2,308
2,276

'

69C)
,677
.674
,673
,662

Dec.

6
13
20
27

,320
,324
,365
,376

4,331
4,311
4,398
4,290

,787
,747
,810
,812

,678
,675
,694
,696

1,991
2,001
2,022
1,996

2,558
2,595 !
2,773
2,758

.851 '
'.816
804
,749 '.

,517
,508
,513
,554

2,265 ,
2,285 '
2,294 ,
2,341

,683
.697
>729
,728

For footnotes see end of Table 4.2 C.

Digitized for FRASER


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

308

'

i
:

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
AT LARGE COMMERCIAL BANKS, 1967-70
of dollars]
Trade
All
other- Bankers
do mestic acceptloans
ances

Foreign
coml.
and
industrial
loans

Total
loans
classified

Coml.
and industrial
loans
All
reporting
banks

Date

Mining 1

Commodity
dealers

Other
wholesale

Retail

Transportation

Communication

Other
public
utilities

Construction

Services

4,124
4,148
4,148
4,147

1,385
1,425
,411
,372

2,887
2,863
2,840
2,846

3,365
3,279
3,330
3,333

3,707
3,703
3,709
3,667

812
830
827
834

2,315
2,300
2,236
2,223

2,574
2,554
2,540
2,504

4,841
4,808
4,734
4,731

6,022
6,106
6,021
5,993

564
597
670
731

2,849
2,841
2,875
2,880

55,504
55,600
55,396
55,058

60,990
61,031
60,818
60,449

Jan.

4,120
4,109
4,098
4,068

,364
,348
,330
,301

2,831
2,821
2,829
2,834

3,292
3,301
3,385
3,404

3,673
3,678
3,695
3,706

830
822
812
813

2,215
2,152
2,135
2,090

2,498
2,505
2,508
2,505

4,689
4,678
4,700
4,671

6,069
6,059
5,967
5,944

815
728
611
617

2,895
2,883
2,904
2,910

54,993
54,841
55,006
54,994

60,385
60,213
60,404
60,404

Feb.

1
8
15
22

3,994
3,990
4,015
4,016
4,019

,291
,282
,278
,275
,260

2,844
2,841
2,891
2,907
2,910

3,407
3,366
3,463
3,488
3,363

3,747
3,744
3,779
3,793
3,794

805
816
856
848
838

2,037
2,013
2,024
,956
,946

2,495
2,510
2,525
2,480
2,497

4,669
4,644
4,701
4,688
4,686

6,069
6,028
6,035
6,018
6,054

726
771
779
804
771

2,927
2,944
2,937
2,942
2,965

55,301
55,406
56,431
56,568
56,382

60,739
60,865
61,966
62,126
61,962

Mar.

1
8
15
22
29

3,973
3,958
3,992
3,936

,242
,209
,190
,176

2,920
2,926
2,939
2,937

3,349
3,372
3,481
3,500

3,786
3,786
3,817
3,844

853
849
898
896

,970
,925
,968
,928

2,516
2,539
2,541
2,548

4,684
4,688
4,710
4,696

6,119
6,129
6,189
6,144

745
743
757
747

2,960
2,948
2,943
2,950

56,297
56,138
56,746
56,637

61,897
61,795
62,441
62,345

Apr.

5
12
19
26

3,920
3,919
3,977
3,988
3,935

,140
,116
,090
,071
,012

2,947
2,950
2,943
3,091
2,889

3,539
3,429
3,474
3,273
3,429

3,876
3,897
3,881
3,865
3,876

921
918
914
910
914

,994
,927
,860
,870
,899

2,565
2,551
2,560
2,565
2,574

4,723
4,729
4,701
4,706
4,702

6,232
6,204
6,209
6,216
6,273

731
733
680
656
681

2,944
2,922
2,916
2,920
2,908

56,910
56,435
56,486
56,221
56,020

62,648
62,185
62,261
62,042
61,836

May

3
10
17
24
31

3,901
4,004
4,047
4,020

974
948
940
926

2,897
2,901
2 , 934
2,961

3,383
3,408
3,535
3,520

3,871
3,951
3,952
3,979

906
878
985
995

1,925
2,027
2,202
2,158

2,579
2,600
2,627
2,614

4,707
4,725
4,770
4,775

6,246
6,310
6,375
6,327

656
667
650
649

2,922
2,926
2,896
2,852

55,684
56,546
57,965
57,874

61,478
62,383
63,860
63 , 784

June

7
14
21
28

4,006
4,014
3,996
3,960

941
948
965
1,006

2,948
2,955
2,959
2,959

3,519
3,466
3,391
3,446

3,976
3,962
3,963
3,998

1,053
1,017
1,010
1,007

2,241
2,269
2,296
2,272

2,603
2,624
2,624
2,621

4,790
4,754
4,758
4,735

6,415
6,411
6,450
6,471

674
733
786
756

2,824
2,750
2,773
2,743

58,101
57,936
57,918
57,818

64,052
63 , 444
63,859
63 , 670

July

5
12
19
26

3,848
3,825
3,843
3,760
3,735

,106
,132
,123
,121
,081

2,953
2,946
2,919
2,901
2,883

3,488
3,396
3,418
3,329
3,320

3,958
3,943
3,957
3,977
3,959

1,018
989
989
995
999

2,262
2,208
2,242
2,235
2,169

2,603
2,617
2,614
2,603
2,569

4,782
4,750
4,736
4,694
4,702

6,466
6,373
6,406
6,389
6,366

807
778
779
772
825

2,731
2,735
2,731
2,741
2,751

57,560
57,014
57,201
56,756
56,388

63,445
62,894
63,056
62,554
62,189

Aug.

2
9
16
23
30

3,721
3,749
3,808
3,800

,083
,086
,085
,104

2,855
2,867
2,888
2,895

3,345
3,277
3,453
3,537

3,950
3,983
4,039
4,074

1,005
1,001
996
990

2,169
2,146
2,252
2,306

2,562
2,596
2,583
2,569

4,702
4,718
4,723
4,692

6,326
6,364
6,412
6,459

811
815
852
902

2,757
2,741
2,745
2,755

56,460
56,467
57,285
57,528

62,238
62,285
63,149
63,372

Sept.

6
13
20
27

3,758
3,751
3,742
3,739

,116
,108
,174
,229

2,944
2,952
2,977
2,989

3,522
3,484
3,575
3,448

4,104
4,106
4, 113
4,130

1,023
993
987
965

2,388
2,382
2,313
2,216

2,575
2 567
2,559
2,537

4,727
4,707
4,738
4,759

6,379
6,337
6,331
6,369

933
,017
,047
,052

2,720
2,741
2,706
2,687

57,689
57,486
57,391
57,186

63,569
63,385
63,296
63,083

Oct.

4
11
18
25

3,740
3,744
3,766
3,745
3,718

,311
,376
,415
,463
,525

3,016
3,030
3,031
2,986
2,987

3,464
3,513
3,573
3,598
3,580

4,152
4, 144
4,169
4,167
4,163

985
967
951
944
933

2,316
2,304
2,351
2,257
2,301

2,536
2,525
2,545
2,533
2,529

4,800
4,825
4,821
4,832
4,821

6,451
6,426
6,439
6,377
6,378

,083
,069
,133
,179
,164

2,673
2,676
2,690
2,689
2,706

57,475
57,594
57 , 848
57,855
57,739

63,401
63 , 527
63,857
63,885
63,733

Nov.

1
8
15
22
29

3,720
3,726
4,018
4,184

,589
,567
,622
,605

3,002
3,025
3,046
3,057

3,593
3,562
3,596
3,526

4,234
4,225
4,379
4,407

947
910
968
999

2,363
2,344
2,424.
2,416

2,531
2,54*5
2,515
2,511

4,831
4,836
4,929
4,996

6,430
6,457
6,570
6,683

,140
,171
,180
,203

2,697
2,727
2,746
2,740

58,058
58,055
59,395
59,627

64,108
64,119
65,536
65,818

Dec.

6
13
20
27

1967

Digitized for FRASER


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

309

18
25

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS,
C. OUTSTANDING, WEEKLY, AT LARGE
fin millions
Durable goods manufacturing
Date

Primary
metals

TransMachinery i portation
equipment

Other
fabricated ;
metal
products

Nondurable goods manufacturing


Other
durable
goods

Food,

liquor,
j and tobacco

Textiles,
apparel,
and leather

Petroleum
refining

Chemicals
and
rubber

Other
nondurable
goods

1968
Jan.

3
10
17
24
31

,387
,393
,395
,381
,395

4,365
4,314
4,345
4,278
4,311

,826
,826
,801
,754
,753

,706
,698
,688 |
,668 '
,627

,997 i
,982
;946
,913
,913

2,713
2,637
2; 621
2,511
2,453

1,717
.707 '
,712
,691
,690

.492
",484
,490
,477
,472

2,356
2,339
2,348
2,342
2,323

1,729
1,738
,723
,724
,682

Feb.

7
14
21
28

,491
,511
,534
,515

4,305
4,365
4,375
4,386

,752
,759
,770
,775

,650
,674
,671
,680

,921
.932
,926
,920

2,438
2,384
2,453 I
2,378

,740
,800
.862
1,906

,460
,465
,456
,451

2,300
2,335
2,354
2,361

,683
,673
,673
,687

Mar.

6
13
20
27

,561
,576
, 594
,638

4,372
4,408
4,491
4,530

,S46
,827
,852
,820

,678
,710
,741
,756

,945
,968
2,002
2,016

2,412
2,412
2,501
2,464

1,952
1,990
2,055
2,074

,438 i
,464
,467
,441

2,366
2,389
2,445
2,457

,648
,666
,737
,742

Apr.

3
10
17
24

,696
,701
,721
,728

4,510
4,531
4,623
4,610

,817
,784
,798
,767

,774
,788
,807
, 800

2,046
2,060
2,076
2,064

2,403
2,363
2,377
2,338

2,097
2,150
2,170
2,144

,426
,432
,440
,438

2,432
2,479
2,548
2,548

,743
,767
,776
,765

May

1
8
15
22
29

,732
,726
,737
,745
,757

4,610
4,588
4,566
4,513
4,338

,757
,759
,793
,783
,754

,833
,841
,856
,831
,832

2,077
2,086
2,085
2,081
2,093

2,303
2,257
2,221
2,254
2,186

2,146
2,154
2,181
2,162
2,157

,421
,440
,431
,433
,423

2,443
2,441
2,460
2,445
2,473

,772
,751
,760
,752
,745

June

5
12
19
26

,852
,868
,920
,947

4,410
4,391
4,556
4,576

,801
,794
,890
,856

.840
iSSO
,883
,906

2,144
2,155
2,192
2,210

2,236
2,196
2,272
2,237

2,170
2,196
2,258
2,276

i <
> *2 L,

,43*
,481
,486

2,446
2 9 474
2 3 4H7
2,512

,744
,763
,805
,800

July

3
10
17
24
31

,907
,928
,923
2,001
2,009

4,734
4,735
4,717
4,765
4,735

,893
,892
,874
,815
,823

,936
,936
,950
,940
,943

2,236
2,247
2,256 j
2,264
2,250

2,234
2,177
2.193
2,133 J
2,079

2,297
2,312
2.350
2.343
2,318

,566
,561
,537
,531
,539

2,451
2,359
2,297
2,288
2,271

,802
,801
,808
,810
,813

Aug.

7
14
21
28

2,028
2,044
2,049
2,046

4,590
4,544
4,528
4,473

,816
,789
,714
,711

,913
,911
,893
,885

2,237
2,245
2,233
2,236

2,096
2,061
2,174
2,133

2.354
2;404
2,399
2,407

Sept.

4
11
IB
25

2,068
2,091
2,116
2,115

4,452
4,510
4,674
4,598

,732
,717
,812
,811

,870
,894
936
,917

2,240
2,260
2,274
2,250

2.106
2:i94
2,346
2,407

2.430
2.435
2.443 ;
2,404

Oct.

2
9
16
23
30

2,099
2,091
2,084
2,065
2,048

4,433
4,434
4,505
4,401
4,347

,851
,842
,957
,889
,897

,915
.901
:907
,876
,852

2,264
2,257
2,246
2,225
2,194

2,455
2,455
2,540
2,564
2,488

Nov.

6
13
20
27

2,028
2,024
2,026
2,020

4,330
4,363
4,404
4,419

,897
,942
,932
,891

,834
,843
,834
,835

2,178
2,183
2,186
2,164

Dee.

4
U

1 , 900
1 , 900
1,884
1,891

4,446
4,486
4,65!
4,609

,909
,926
,937
,920

,830
,845
,879
,850

2,J75
2,176
2,195
2,183

t8

25

For footnote

Digitized for FRASER


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

see end of Table 4.2 C.

310

2,261
,240
,217
,165

,803
,812
,813
,807

,533
,534
,544
,571

,224
,253
,296
,279

,816
,821
,827
,852

2,365
2,369
2,365 ,
2,301
2,285

,612
,605
,603 I
,581
,476

,303
,299
,290
,294
,309

,827
,823
,784
,770
,766

2,585
2,590
2,708 !i
2,710

2.309 !
2,333 i
2,281 |
2,247

,472 '
,474
,497 i
,555

,275
,274
,255
,256

,795
,784
,783
,772

2,772 !
2,824 ,
2,941
2,977

2,230
2,228
2.214
2,187 ;

,555
,571
,584
,603 ';

,238
,264
,418
2,483 |

,783
,783
,782
1,770

,537 ,
,531
,530
,537

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
COMMERCIAL BANKS, 1967-70Continued
of dollars]
Trade
Mining1

Transportation

Communication

Other
public
utilities

Construction

Services

All

other Bankers
domestic acceptloans
ances

Foreign
coml.
and

industrial
loans

Total
loans
classified

Coml.
and industrial
loans-

Date

Commodity
dealers

Other
wholesale

Retail

4,572
4,596
4,636
4,619
4,617

1,619
1,626
1,619
1,588
1,542

3,066
3,056
3,057
3,039
3,015

3,355
3,259
3,351
3,284
3,378

4,439
4,436
4,418
4,430
4,450

931
921
911
896
885

2,517
2,505
2,476
2,352
2,298

2,526
2,535
2,527
2,507
2,500

5,013
5,026
5,016
5,018
5,048

6,735
6,659
6,495
6,494
6,587

1,125
1,185
1,161
1,072
1,071

2,728
2,716
2,702
2,717
2,710

59,914
59,638
59,438
58,755
58,720

66,201
65,909
65,661
64,969
64,905

Jan.

4,632
4,641
4,619
4,590

1,495
1,465
1,476
1,439

2,996
2,974
2,999
3,028

3,376
3,314
3,321
3,346

4,452
4,460
4,454
4,476

850
835
837
847

2,270
2,237
2,183
2,119

2,504
2,513
2,521
2,501

5,038
5,051
5,063
5,070

6,622
6,571
6,522
6,613

943
909
921
977

2,732
2,733
2,701
2,710

58,650
58,601
58,691
58,775

64,826
64,808
64,912
64,945

Feb.

4,591
4,623
4,663
4,681

1,422
1,375
1,345
1,330

3,015
3,016
3,056
3,066

3,432
3,401
3,488
3,498

4,539
4,546
4,568
4,562

853
856
933
927

2,075
1,960
2,003
1,997

2,505
2,523
2,538
2,553

5,048
5,071

1,045
1,083

2,690
2,687
2,691
2,692

58,988
59,057
60,035
60,159

65,154
65,271
66,289
66,393

Mar.

5,169

6,588
6,604
6,695
6,663

1,012

512

4,859
4,887
4,867
4,860

,311
,259
,250
,222

3,143
3,155
3,192
3,185

3,533
3,589
3,737
3,652

4,604
4,628
4,660
4,649

980
917
950
963

1,985
1,965
2,011
1,999

2,547
2,578
2,599
2,597

5,209
5,207
5,252
5,270

6,730
6,764
6,886
6,893

1,097
1,015

2,697
2,711
2,682
2,678

60,639
60,730
61,411
61,103

66,886
67,049
67,732
67,446

Apr.

989
933

4,806
4,798
4,801
4,818
4,727

,186
,149
,142
,153
,157

3,222
3,217
3,213
3,180
3,134

3,765
3,641
3,722
3,725
3,660

4,725
4,730
4,733
4,765
4,800

986
964
961
948
976

2,041
2,033
2,048
2,033
1,950

2,616
2,628
2,665
2,694
2,696

5,312
5,297
5,306
5,348
5,381

6,978
6,975
6,939
6,883
6,947

873
803
815
743
818

2,688
2,678
2,681
2,649
2,588

61,292
60,956
61,116
60,938
60,592

67,625
67,299
67,478
67,285
66,902

May

4,712
4,721
4,750
4,742

,118
,094
,098
,108

3,139
3,147
3,145
3,157

3,678
3,684
3,736
3,730

4,853
4,905
4,950
4,967

992
994

2,704
2,715
2,771
2,774

5,428
5,450
5,524
5,543

6,891
6,969
7,081
7,173

797
772
111
811

2,579
2,588
2,598
2,591

60,947
61,170
62,444
62,712

67,261
67 , 494
68,807
68,988

June

,080
,101

1,991
2,011
2,190
2,209

4,703
4,706
4,726
4,723
4,688

,087
,099
,077
,076
,073

3,152
3,162
3,160
3,146
3,166

3,686
3,668
3,735
3,737
3,776

4,931
4,920
4,933
4,929
4,972

,024
,006
,031
1,019
1,012

2,272
2,280
2,308
2,320
2,370

2,741
2,753
2,771
2,765
2,775

5,548
5,563
5,580
5,533
5,507

7,131
7,179
7,140
7,061
7,169

822
859
880
802
845

2,560
2,537
2,550
2,555
2,557

62,713
62,680
62,796
62,556
62,690

69,041
69,017
69,185
68,935
68,996

July

4,678
4,679
4,665
4,619

,118
,103
,071
,055

3,119
3,140
3,122
3,138

3,780
3,706
3,659
3,559

4,919
4,918
4,938
4,923

1,004

2,386
2,437
2,484
2,423

2,777
2,802
2,815
2,818

5,531
5,523
5,499
5,490

7,122
7,071
7,050
6,964

911
826
797
805

2,528
2,541
2,564
2,557

62,508
62,297
62,180
61,188

68,814
68,610
68,469
68,008

Aug.

970
966
937

4,612
4,621
4,604
4,595

,054
,047
,048
,024

3,143
3,158
3,203
3,211

3,492
3,495
3,577
3,470

4,888
4,877
4,905
4,908

938
939
983
988

2,430
2,417
2,468
2,560

2,801
2,832
2,859
2,839

5,505
5,487
5,552
5,544

7,004
7,068
7,142
7,180

840
784
790
758

2,549
2,541
2,526
2,536

61,727
61,975
62,965
62,817

68,051
68,354
69,438
69,294

Sept.

4,554
4,545
4,537
4,527
4,473

,042
,039
,095
,122
,164

3,544
3,735
3,862
3,884
3,835

4,899
4,914
4,928
4,912
4,937

,055
,029
,021
,013
,013

2,605
2,612
2,588
2,494
2,548

2,857
2,875
2,895
2,870
2,893

5,630
5,634
5,670
5,693
5,702

7,164
7,242
7,236
7,189
7,312

813
772
731
726
749

2,528
2,531
2,531
2,544
2,545

63,047
63,271
63 , 682
63,278
63,161

69,553
69,763
70,213
69,830
69,702

Oct.

4,432
4,441
4,457
4,448

,208
,278
,286
,338

4,039
3,977
4,050
4,060

4,878
4,901
4,955
5,013

,068
,072
,083
,088

5,776
5,821
5,840
5,886

2,544
2,537
2,547
2,589

63,572
63,835
64,218
64,487

70, 149
70,477
76,908
71,178

Nov.

4,019
4,030
4,183
4,036

5,077
5,104
5,152
5,180

,093
,073
,140
,179

2,926
2,930
2,934
2,918

5,900
5,917
5,987
5,976

7,316
7,329
7,375
7,437
7,537
7,635
7,812
7,909

723
699
686
757

,351
,384
,362
,326

2,617
2,635
2,698
2,712
2,749
2,722
2,866
2,871

2,913
2,945
2,961
2,944

4,418
4,457
4,514
4,711

3,232
3,267
3,307
3,338
3,328
3,355
3,390
3,374
3,346
3,341
3,351
3,389
3,371

742
720
721
728

2,563
2,568
2,597
2,594

64,544
64,894
66,152
66,272

71,272
71,691
73,025
73,142

Dec.

All

reporting

banks
1968

Digitized for FRASER


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

311

985

10
17
24
31

14
21
28

13
20
27

10
17
24

8
15
22
29

12
19
26

10
17
24
31

14
21
28

H
18
25

9
16
23
30

13
20
27

18
25

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS,
C. OUTSTANDING, WEEKLY, AT LARGE
[In millions
Durable goods manufacturing
Date

Primary
metals

Machinery

Transportation
equipment

Nondurable goods manufacturing

Other
fabricated
metal
products

Other
durable
goods

(
Food,
Textiles,
liquor,
. apparel,
and tobacco and leather

Petroleum
refining

Chemicals
and
rubber

Other
nondurable
goods

2,538
2.478
2 377
2,372
2,334

1,744
,754
,764
,744
,714

2,313
2,328
2.349
2,344

,674
,675
,674
,680

1969
Jan.

1
8
15
22
29

1,897
1,914
1,928
1,940
1,935

4,650
4,712
4,729
4,708
4,684

1,928
1,981
2,047
2,019
2,009

1,800
,799
,818
,802
,802

Feb.

5
12
19
26

1,941
1,937
1,937
1,939

4,713
4,716
4,678
4,695

1,989
2,042
2,060
2,079

Mar.

5
12
19
26

1,951
1,971
1,981
1,978

4,797
4,683
5,041
5,063

Apr.

2
9
16
23
30

1,980
1,986
2,002
2,001
1,979

May

7
14
21
28

June

2,169
2,175
2,171
2,119
2,133

2,882 i
2,843
2,727
2,668
2,484

,808
,842
,854
,862

2,167 i
2,170 ;
2,176
2,180

2,458
2,422
2,438
2,426

2,179
2,208
2,271
2,308

,933 1
,935
,927
,903

2,074
2,069
2,138
2,077

,915
,958
,998
,992

2,183
2,224
2,242
2,221

2,429
2,398
2,409
2,370

2,358
2,381
2,414
2,428

,897
,912
,908
,918

2,384
2,452
2,470
2,476

,732
,759
,783
,774

5,096
5,100
5,248
5,194
5,170

2,057
2,038
2,063
2,024
2,033

2,026
2,034
2,105
2,099
2,132

2,230
2,226
2,273
2,266
2,275

2,397
2,369
2,338
2,380
2,361

2,450
2,511
2,568
2,539
2,549

.908
;930
,992
2,034
2,016

2,488
2,472
2,568
2,587
2,572

,773
,772
,814
,809
,791

1,982
1,974
1,983
1,997

5,176
5,241
5,164
5,091

2,062
2,053
2,044
2,019

2,140
2,147
2,129
2,139

2,282
2,342
2,348
2,350

2,371
2,442
2,468
2,383

2,576
2,592
2,601
2,603

2,012
1,998
1.994
2,018

2,595
2,637
2,692 '
2,725

,792
.851
^841
,831

4
11
18
25

1,996
2,013
,955
,956

5,104
5,145
5,350
5,317

1,971
2,048
2,132
2,093

2,153
2,169
2,207
2,177

2,360
2,413
2,449
2,436

2,426
2,400
2,473
2,544

2,610
2,643
2,666
2,710

2,042
2,054
2,074
2,068

2,758
2,767 ,
2,752
2,742

,820
,HS6
,877
,B85

July

2
9
16
23
30

,963
,980
,952
,937
,946

5,312
5,372
5,394
5,429
5,400

2,117
2,110
2,131
2,110
2,114

2,196
2,193
2,202
2,169
2,171

2,457
2,479
2,478
2,448
2,431

2,591
2,557
2,561
2,613
2,507

2,748
2,745
2,754
2,744
2,743

2,053
2,023
,995
,856
,882 j

,906
,910
,924
,926
,928

Aug.

6
13
20
27

,944
,951
,956
,947

5,363
5,336
5,270
5,224

2,121
2,121
2,096
2,085

2,192
2,183
2,151
2,102

2,450
2,459
2,447
2,434

2,488
2,405
2,482
2,415

2,775
2,797
2,807
2,787

,868 i
,833
,845
,829

2,777
2,779
2 752
2. 750
2, 726 ,1
i
2,721
2,692
2,646
2 ,637

,935
,931
,942
,953

Sept.

3
10
17
24

1,955
1,974
2,011
2,009

5,179
5,275
5,654
5,597

2,119
2,098
2,220
2,232

2,116
2,080
2,130
2,118

2,415
2,467
2,490
2,528

2,481
2,561
2,622
2,587

2,803
2,828
2,840
2,808

,831 i
,740 i
,745
,825

2,614
2,615
2,692
2,648 i

1,964
,953
2,028
2,048

Oct.

1
8
15
22
29

2,021
2,038
2,031
2,020
1,984

5,578
5,565
5,565
5,524
5,376

2,228
2,241
2,298
2,312
2,264

2,115
2,107
2,124
2,051
2,021

2,548
2,554
2,530
2,488
2,424

2,603
2,669
2,708
2,733
2,648

2,792
2 '.772
2,757
2,690
2,610

,835
,725
,671
,654
,631 !

2,725
2,692
2,667
2,655
2,669

2,032
2,024
2,029
2,016
2,013

Nov.

5
12
19
26

3, 968
1,968
1,960
1,948

5,427
5,502
5,526
5,514

2,222
2,255
2,249
2,348

2,002
2,036
1,977
1,966

2,431
2,431
2,399
2,380

2,721
2,724
2,868
2,920

2,588
2,55
2,538
2,496

,650 i
,657
,631
,632 j

2,771
2,710

2.759

2,019
1,998
1,987
1,994

3
10
17
24
31

1,965
2,006
2,044
2,043
2,085

5,510
5,694
5,942
5,970
5,926

2,342
2,371
2,474
2,531
2,632

1,982
1,983
2,034
1,993
2,003

2,386
2,438
2,538
2,509
2,515

2,906
2,928
3,126
3,242
3,253

2,470
2,437
2,429
2,391
2,337

2,676
2,720
2,811
2,85i
2,845

2,003
2,003
2,038
2,067
2,084

Dec.

For footnote

Digitized for FRASER


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

see end of Table 4.2 C.

312

2,159
2,124
2,146
2,127
2,146

1,585
,836
,911
,907
,900

,662
,679
,673
,695
1,718

2,759

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
COMMERCIAL BANKS, 1967-70Continued
of dollars]
Trade
All
other Bankers
domestic acceptloans
ances

Foreign
coml.
and
industrial
loans

Total
loans
classified

Coml.
and industrial
loansAll
reporting
banks

Jan.

1
8
15
22
29

Communication

Other
public
utilities

Construction

Services

5,287
5,308
5,171
5,288
5,295

,226
,247
,324
,200
,141

3,016
3,025
2,989
2,893
2,812

2,945
2,942
2,963
2,999
2,999

6,264
6,220
6,259
6,272
6,291

3,669
3,756
3,722
3,710
3,693

759
721
674
651
634

2,602
2,572
2,584
2,569
2,569

62,801
62,911
62,766
62,479
61,943

74,149
73,958
73,831
73,516
72,896

3,651
3,815
3,801
3,822

5,260
5,230
5,233
5,242

,164
,153
,155
,162

2,804
2,759
2,708
2,721

3,025
3,046
3,049
3,044

6,256
6,301
6,320
6,376

3,769
3,808
3,744
3,765

635
619
578
580

2,553
2,561
2,561
2,546

62,173
62,439
62,431
62,495

73,111
73,364
73,590
73,727

Feb.

5
12
19
26

3,470
3,503
3,542
3,538

3,887
3,800
3,834
3,857

5,271
5,309
5,317
5,324

,177
,153
,054
,075

2,674
2,654
2,660
2,675

3,042
3,070
3,108
3,123

6,440
6,448
6,510
6,521

3,872
3,914
3,963
4,015

570
562
553
573

2,564
2,564
2,580
2,551

63,050
63,357
63,833
63,806

74,204
74,520
75,074
75,047

Mar.

5
12
19
26

,289
,280
,226
,190
,170

3,579
3,582
3,620
3,657
3,615

3,867
3,850
4,121
4,188
4,300

5,335
5,305
5,305
5,222
5,262

,121
,125
,191
,170
,154

2,614
2,570
2,624
2,593
2,636

3,106
3,091
3,153
3,140
3,134

6,545
6,573
6,648
6,665
6,712

4,066
4,103
4,195
4,170
4,245

615
616
585
595
609

2,522
2,542
2,532
2,504
2,496

64,000
64,010
65,102
65,046
65,212

75,269
75,337
76,568
76,462
76,659

Apr.

2
9
16
23
30

4,951
4,950
4,923
4,907

,149
,073
,073
,073

3,606
3,579
3,587
3,542

4,257
4,227
4,175
4,164

5,247
5,277
5,243
5,330

,152
,142
,130
,122

2,663
2,595
2,627
2,588

3,145
3,177
3,222
3,259

6,692
6,698
6,694
6,760

4,232
4,245
4,253
4,298

554
552
480
458

2,474
2,499
2,435
2,459

65,110
65,291
65,107
65,116

76,579
76,768
76,668
76,636

May

7
14
21
28

4,873
4,887
4,911
4,906

,003
,004
964
956

3,522
3,505
3,542
3,558

4,212
4,238
4,339
4,306

5,335
5,387
5,441
5,479

,131
,110
,195
,198

2,733
2,806
2,833
2,818

3,251
3,286
3,301
3,312

6,791
6,829
6,839
6,757

4,355
4,422
4,419
4,438

454
446
504
525

2,453
2,403
2,411
2,430

65,353
65,831
66,634
66,611

76,983
77,474
78,429
78,403

June

4
11
18
25

4,821
4,833
4,815
4,775
4,744

929
931
950
919
882

3,586
3,568
3,575
3,600
3,544

4,337
4,238
4,273
4,206
4,154

5,478
5,456
5,422
5,407
5,402

,251
,255
,242
,247
,239

2,934
2,922
2,929
2,971
3,010

3,257
3,255
3,280
3,292
3,263

6,712
6,763
6,731
6,722
6,662

4,570
4,549
4,498
4,505
4,519

466
494
452
443
441

2,397
2,366"
2,358
2,379
2,394

66,858
66,778
66,668
66,448
66,102

78 , 567
78,505
78,361
77,978
77,629

July

2
9
16
23
30

4,695
4,701
4,697
4,679

876
864
821
815

3,538
3,503
3,487
3,442

4,173
4,113
4,081
4,021

5,382
5,399
5,433
5,415

,251
,203
,214
,183

3,065
3,041
3,001
3,030

3,306
3,318
3,309
3,275

6,660
6,646
6,661
6,696

4,541
4,587
4,562
4,569

420
406
427
404

2,363
2,380
2,352
2,336

66,127
65,869
65,687
65,278

77,609
77,203
77,084
76,658

Aug.

6
13
20
27

4,702
4,910
4,801
4,852

822
814
800
824

3,451
3,458
3,490
3,521

4,015
3,967
3,991
4,051

5,416
5,469
5,495
5,490

,200
,206
,254
,292

3,069
3,067
3,091
3,113

3,255
3,255
3,294
3,286

6,659
/6.615
6,638
6,612

4,534
4,522
4,544
4,580

418
466
463
414

2,296
2,317
2,258
2,262

65,314
65,657
66,551
66,697

76,669
77,010
77,917
78,097

Sept.

3
10
17
24

4,891
4,847
4,840
4,846
4,814

822
850
921
938
949

3,552
3,536
3,546
3,543
3,509

4,073
4,164
4,269
4,276
4,378

5,530
5,517
5,489
5,454
5,493

,223
,245
,265
,281
,249

3,266
3,245
3,233
3,232
3,202

3,238
3,219
3,214
3,227
3,180

6,592
5,581
6,604
6,615
6,602

4,696
4,754
4,802
4,779
4,701

436
465
487
455
447

2,276
2,267
2,284
2,261
2,286

67,072
67,077
67,334
67,050
66,450

78,440
78 , 420
78,667
78,296
77,649

Oct.

1
8
15
22
29

4,783
4,788
4,798
4,758

,023
,062
,078
,081

3,536
3,531
3,506
3,707

4,509
4,449
4,472
4,193

5,464
5,451
5,436
5,438

,252
,265
,261
,281

3,237
3,157
3,078
3,145

3,148
3,140
3,170
3,121

6,680
6,727
6,768
6,773

4,732
4,731
4,572
4,563

420
423
435
428

2,285
2,270
2,291
2,253

66,856
66,909
66,771
66,649

78,117
78,236
78,092
77,987

Nov.

5
12
19
26

4,721
4,768
4,820
4,810
4,837

,122
,131
,142
,131
,190

3,513
3,511
3,546
3,551
3,569

4,417
4,344
4,445
4,333
4,180

5,477
5,454
5,468
5,590
5,736

,349
,319
,463
,483
,539

3,214
3,184
3,322
3,351
3,565

3,131
3,097
3,138
3,128
3,142

6,783
6,759
6,815
6,828
7,020

4,759
4,685
4,821
4,784
4,945

457
507
576
664
708

2,262
2,281
2,312
2,292
2,238

67,107
67,299
69,077
69,237
70,067

78,310
78,486
80,321
80,458
81,491

Dec.

3
10
17
24
31

Other
wholesale

Retail

Transportation

,363
,336
,337
,346
,353

3,421
3,403
3,388
3,359
3,328

3,776
3,615
3,562
3,622
3,589

5,151
5,136
5,111
5,012

,382
,372
,385
,377

3,348
3,364
3,422
3,432

4,976
4,979
4,963
4,947

,387
,414
,365
,310

4,936
4,935
4,931
5,019
5,001

Mining 1

Commodity
dealers

5,121
5,150
5,175
5,164
5,098

Date

1969

Digitized for FRASER


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Federal Reserve Bank of St. Louis

313

WEEKLY REPORTING BANKS


4.2 COMMERCIAL AND INDUSTRIAL LOANS,
C. OUTSTANDING, WEEKLY, AT LARGE
[In millions
Durable goods manufacturing

Date

Primary
metals

Machinery

Transportation
equipment

Nondurable goods manufacturing

Other
fabricated
metal
products

Other
durable
goods

Food,
liquor,
and tobacco

Textiles,
apparel,
and leather

Petroleum
refining

Chemicals
and
rubber

Other
nondurable
goods

1970
Jan.

7
14
21
28

2,076
2,070
2,068
2,052

5,834
5,804
5,792
5,682

2,590
2,633
2,595
2,647

1,981
2,009
2,015
1,981

2,449
2,411
2,371
2,386

3,137
3,074
3,056
2,966 I

2,302
2,328
2.293
2,267

1.628
^629
.608
;598

2,785
2,743
2,746
2,732

2,077
2,061
2,049
2,021

Feb.

4
11
18
25

2,041
2,014
2,016
2,012

5,754
5,834
5,848
5,852

2,721
2,745
2,734
2,703

1,994
2,059
2,053
2,044

2,393
2,401
2,425
2,408

2,944
2,936
2,946
2,873

2,309
2,354
2,393
2,403

,554
.537
,536
,540

2,846
2,825
2,825
2,850

2,046
2,049
2,046
2,057

Mar.

4
11
18
25

1,996
2,034
2,017
2,011

5,936
5,983
6,221
6,075

2,726
2,718
2,799
2,728

2,103
2,125
2,161
2,128

2,437 !
2,468
2,505 !
2,515

2,890
2,866
2,886
2,838

2,433
2,447
2,482
2,506

,541
,551
,566
,594

2,896
2,945
2,907
2,844

2,054
2,049
2,090
2,076

Apr.

1
8
15
22
29

2,063
2,069
2,082
2,061
2,063

5,959
5,964
6,073
6,046
6,080

2,755
2,748
2,751
2,777
2,707

2,119
2,132
2,196
2,193
2,175

2,518
2,531
2,579
2,619
2,613

2,781
2,755
2,728
2,834
2,823

2,549
2,552
2,588
2,578
2,555

,574
,581
,594
,588
,583

2,857
2,887
2,901
2,982
2,876

2,058
1,972
2,012
2,005
1,997

May

6
13
20
27

2,082
2,059
2,064
2,038

6,173
6,162
6,107
6,023

2,677
2,613
2,574
2,659

2,204
2,226
2,181
2,156

2,633
2,674
2,663
2,632

2,899
2,773
2,770
2,694

2,572
2,605
2,609
2,621

,538
,529 I
,548
,546

2,900
2.833
2,760
2,708

1,997
1,997
2,004
1,997

June

3
10
17
24

2,037
2,115
2,165
2,166

5,924
5,966
6,360
6,197

2,610
2,614
2,746
2,759

2,167
2,205
2,306
2,252

2,656
2,679
2,747
2,752

2,697
2,704
2,768
2,754

2,620
2,668 1
2,720 I
2,713

,591
,590
,614
,639

2,685
2,740
2,780
2,717

2,005
2,020
2,119
2,111

July

1
8
15
22
29

2,232
2,195
2,197
2,187
2,209,

6,089
6,150
6,110
6,213
6,097

2,761
2,739
2,807
2,775
2,737

2,248
2,281
2,315
2,273
2,224

2,773
2,887
2,920
2,912
2,859

2,682
2,682
2,638
2,684
2,545

2,761
2,814
2,838
2,828
2,852

,659
,623
,636
,623
,512

2,717
2,696
2,720
2,710
2,664

2,187
2,189
2,220
2,213
2,187

Aug.

5
12
19
26

2,159
2,149
2,138
2,124

6,118
6,175
6,106
6,099

2,772
2,767
2,730
2,735

2,190
2,205
2,192
2,166

2,870
2,865
2,822
2,843

2,553
2,531
2,559
2,528

2,919
2,958
2,935
2,865

,501
,498
,492
1,508

2,666
2,647
2,620
2,610

2,180
2,179
2,193
2,187

Sept.

2
9
16
23
30

2,172
2,200
2,232
2,259
2,315

6,034
6,083
6,223
6,093
6,024

2,763
2,800
2,894
2,930
2,998

2,174
2,187
2,220
2,167
2,177

2,827
2,813 1
2,803
2,803
2,803

2,565
2,592
2,583
2,588
2,555

2,920
2,941
2,922
2,878
2,840

,527
,579
,658
,641
,631

2,616
2,661
2,726
2,710 !
2,802

2,218
2,248
2,351
2,324
2,212

Oct.

7
14
21
28

2,178
2,150
2,117
2,088

5,979
6,003
5,858
5,671

2,937
2,916
2,960
2,872

2,170
2,166
2,109
2,078

2,837
2,820
2,770
2,702

2,604
2,616
2,699
2,633

2,S22
2,834
2,774
2,695

1,585
1 , 580
1,545
1,527 1

2,689
. 2,656
2,645
2,635

2,198
2,177
2,146
2,095

Nov.

4
It
18
25

2,096
2,105
2,095
2,094

5,568
5,634
5,564
5,481

2,912
2,891
2,872
2,878

2,024
2,043
2,013
1,998

2,714
2,704
2,652
2,631

2,609
2,623
2,716
2,736

2,643
2,611
2,540
2,500

1,523
1,506 j
,491
,484

2,565
2,670
2,637
2,687

2,068
2,039
2,039
2,007

Dec.

2
9
16
23
30

2,065
2,076
2,066
2,106
2,146

5,433
5,426
5,561
5,527
5,429

2,991
3,012
2,959
2,911
2,929

,914
,889
,950
,898
,908

2,628
2,621
2,629
2,598
2,554

2,825
2,884
3,016
3,202
3,104

2,432
2,435
2,414
2,344
2,318

,483
.484
;S40
,497
,526

2,657
2,688
2,692
2,719
2,780

2,027
2,047
2,060
2,057
1 ,998

Digitized for FRASER


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

314

WEEKLY REPORTING BANKS


BY INDUSTRYContinued
COMMERCIAL BANKS, 1967-70Continued
of dollars]
Trade
Mining1

Transportation

Communication

Other
public
utilities

Construction

Services

All

other Bankers
domestic acceptloans
ances

Foreign
coml.
and

industrial
loans

Total
loans
classified

Coml.
and industrial
loans-

Date

Commodity
dealers

Other
wholesale

Retail

4,695
4,655
4,599
4,584

1,123
1,118
1,136
1,125

3,475
3,445
3,407
3,372

3,931
3,834
3,918
3,864

5,632
5,575
5,648
5,617

1,461
,402
,386
,321

3,463
3,429
3,401
3,375

3,083
3,092
3,052
3,027

6,841
6,798
6,774
6,769

4,912
4,789
4,817
4,669

718
632
573
583

2,161
2,166
2,139
2,125

68,354
67,697
67,443
66,763

79,802
79,094
78,823
77,956

Jan.

4,468
4,447
4,450
4,433

1,133
1,121
1,110
1,113

3,361
3,359
3,380
3,379

4,002
4,050
4,098
4,064

5,542
5,618
5,588
5,566

,368
,354
,336
,320

3,285
3,167
3,137
3,125

3,040
3,045
3,051
3,047

6,833
6,806
6,826
6,847

4,605
4,699
4,663
4,628

541
491
531
509

2,111
2,118
2,103
2,092

66,891
67,029
67,095
66,865

78,029
78,126
78,198
78,037

Feb.

4,388
4,396
4,391
4,392

1,089
1,061
1,043
1,032

3,391
3,395
3,450
3,477

4,125
3,998
4,051
4,077

5,559
5,555
5,576
5,580

,321
,299
,340
,319

3,109
2,976
2,933
2,772

3,035
3,059
3,063
3,059

6,830
6,849
6,866
6,892

4,660
4,704
4,708
4,742

566
539
545
552

2,106
2,115
2,167
2,132

67,191
67,132
67,767
67,341

78,333
78,271
78,972
78,496

Mar.

4,331
4,317
4,307
4,298
4,279

1,060
1,061
1,015
1,002

4,129
4,067
4,336
4,183
4,209

5,583
5,555
5,469
5,485
5,455

,375
,323
,396
,392
,332

2,807
2,649
2,586
2,596
2,584

3,046
3,065
3,101
3,119
3,103

6,816
6,766
6,765
6,741
6,774

4,861
4,724
4,875
4,783
4,713

569
631
719
730
650

2,127
2,133
2,134
2,120
2,128

67,480
67,001
67,761
67,708
67,227

78,743
78,213
79,225
79,071
78,566

Apr.

979

3,543
3,519
3,554
3,576
3,549

4,231
4,236
4,215
4,193

969
960
987
963

3,560
3,538
3,563
3,550

4,273
4,118
4,141
4,141

5,472
5,425
5,517
5,555

,330
,325
,309
,293

2,673
2,633
2,557
2,532

3,106
3,135
3,129
3,135

6,802
6,783
6,760
6,724

4,871
4,882
4,903
4,808

620
593
566
545

2,151
2,165
2,157
2,162

67,733
67,264
67,084
66,675

79,027
78,598
78,365
77,910

May

4,240
4,244
4,280
4,260

924
927
944
898

3,561
3,558
3,605
3,623

4,133
4,130
4,338
4,353

5,557
5,595
5,583
5,640

,277
,274
,297
,289

2,641
2,612
2,737
2,734

3,139
3,160
3,200
3,208

6,839
6,787
6,851
6,873

4,838
4,834
4,814
4,830

546
541
518
505

2,168
2,178
2,161
2,154

66,855
67,141
68,653
68,427

78,086
78,267
79,914
79,564

June

4,261
4,244
4,253
4,240
4,221

932
879
893
875
851

3,631
3,632
3,620
3,643
3,627

4,381
4,228
4,279
4,199
4,181

5,730
5,743
5,732
5,756
5,776

,276
,295
,316
,330
,319

2,775
2,683
2,647
2,608
2,533

3,187
3,191
3,202
3,221
3,240

6,963
7,068
7,058
7,032
7,010

4,971
4,981
4,895
4,878
4,973

568
595
544
505
531

2,133
2,140
2,128
2,140
2,149

68,917
68,935
69,028
68,845
68,297

80,094
80,013
80,096
79,912
79,319

July

4,169
4,170
4,164
4,156

840
870
886
871

3,664
3,607
3,601
3,602

4,212
4,139
4,162
4,128

5,752
5,776
5,761
5,732

,341
,336
,338
,337

2,520
2,531
2,516
2,559

3,246
3,264
3,272
3,301

7,000
6,997
6,960
6,909

5,001
4,834
4,904
4,932

545
598
618
733

2,138
2,157
2,130
2,160

68 , 556
68,253
68,099
68,085

79,349
79,389
79,117
79,219

Aug.

4,174
4,194
4,223
4,226
4,184

888
921
950
976

4,160
4,122
4,074
4,163
4,246

,304
,282
,321
,315
,262

2,608
2,547
2,578
2,520
2,588

2,162
2,169
2,211
2,247
2,211

68,257
68,499
69,473
69,243
69,495

79,504
79,716
80,822
80,794
81,154

4,315
4,293
4,338
4,504

,219
,203
,201
,176

754
804
916
874

2,240
2,246
2,267
2,260

69,142
69,166
68,840
68,197

4,488
4,441
4,498
4,480

5,812
5,807
5,879
5,901

,216
,228
,257
,261

3,273
3,294
3,259
3,313

7,105
7,161
7,116
7,102

4,783
4,803
"4,820
4,740

1,023
1,053

965
983

2,299
2,315
2,310
2,330

3,933
3,926
4,047
3,963
4,003

,240
,296
,363
,368
,379

3,669
3,702
3,731
3,684
3,701

4,372
4,238
4,293
4,149
4,045

6,003
5,998
6,064
5,948
6,000

,260
,261
,349
,319
,308

2,415
2,377
2,354
2,267
2,348

3,338
3,348
3,360
3,348
3,452

7,136
7,157
7,221
7,256
7,398

4,809
4,757
4,835
4,892
4,926

,193
,152
,399
,607
,691

2,347
2,342
2,356
2,390
2,409

68,374
68,421
68,147
67,941
68,170
68,116
69,239
69,050
69,352

80,839
80,751
80,549
79,968
80,117
80,235
79,981
79,913

Oct.

,160
,183
,201
,217

2,590
2,577
2,568
2,564
2,675
2,587
2,444
2,360

7,081
7,119
7,094
7,045

4,090
4,078
4,019
4,005

3,713
3,699
3,677
3,661
3,695
3,713
3,702
3,683

4,898
4,931
5,032
4,954
4,978
5,030
5,040
4,885
4,775

721
685
712
760
746

1,012
1,056
1,080
1,130

3,268
3,277
3,276
3,262
3,259
3,265
3,260
3,258
3,253

6,920
6,916
7,047
7,016
7,098

4,129
4,128
4,108
4,094

5,726
5,751
5,790
5,780
5,887
5,795
5,823
5,825
5,865

Sept.

1,004

3,612
3,600
3,647
3,631
3,675

All

reportbanks
1970

Includes crude petroleum and natural gas.

Digitized for FRASER


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

315

80,132
80,095
81,416
81,234
81,693

Nov.

Dec.

14
21
28

11
18
25

11
18
25

8
15
22
29

13
20
27

10
17
24

8
15
22
29

12
19
26

9
16
23
30

14
21
28

11
18
25

9
16
23
30

WEEKLY REPORTING BANKS


4.3 TERM COMMERCIAL AND
OUTSTANDING, MONTHLY, AT LARGE
[In millions
Durable goods manufacturing
Date1

Primary
metals

Machinery

Transportation
equipment

Nondurable goods manufacturing

Other
fabricated
metal
products

Other
durable
goods

Food,
liquor,
and tobacco

Textiles,
appare!,
and leather

659
659
651
655
679
691
690
735
728
718
733
758

402
409
388
398
393
427
426
422
421
450
455
465

1,234
1,217
1,225
1,188
1,209
1,278
1,298 i
1,128
1,154
1,178
1,240
1,256

1,375
j '4J1
1^462
1 *530
1 ' 503
1 '469
1 ^480
1 '489
1 ' 522
1^546
1 *484
U532

485
524
555 ;
562
556
566
556
575
588
601
602
629

1,200
1,195
1,164

1,152
1,176
1,226
1,270
1,235
1,228
1,167
1,217
1,212

I 538
1*544
}'6H
1*647

623
632
624
621
623

1,504
1,536
1,528
1 633
1.632

650
655 '
669
696

11667
1,455
1,465
1.477

Petroleum
refining

Chemicals
and
rubber

Other
nondurable
goods

1967
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

25
22
29
26
31
28
26
30
27
25
29
27

503
511
518
545
576
631
661
647
692
710
728
874

1,941
I 910
2,055
2 033
2,007
2 119
2 045
2,012
1,963
2,012
1,982
2,001

855
865
854
818
849
835
812
783
836
856
898
888

597
590
598
598
645
665
679
671
671
672
673
675

,026
,057
,065
,025
,035
,033
1,001

31
28
27
24
29
26
31
28
25
30
27
25

,027
,112
,185
,199
,339
,393
,426
,466
,417
,414
,338

980

2,067
2,064
2,154
2,231
2,188
2,279
2,395
2,294
2,338
2,212
2,245
2,261

859
849
889
953
944
908
902
910
931
909
969

1,006

1,003
1,028
1,041
1,003

1,035

667
670
692
696
733
759
811
798
801
748
714
738

1,032

818
865
876
813
817
821
804
823
849
755
779
775

29
26
26
30
28
25
30
27
24
29
26
31

,354
,356
,388
,358
,390
,352
,363
,375
,419
,407
,402
,476

2,323
2,238
2,429
2,488
2,432
2.474
21555
2,509
2,556
2,507
2,566
2,749

,095
,136
,163
,110
,086
,097
,130
,195
,245
,305
,389
,501

694
709
714
776
789
798
799
780
769
770
796
761

,026
,051
,048
,014
,039
,068
,052
,062
,110
,087
,097
,169

707
685
712
771
817
864
846
861
888
873
908
953

,428
,420
,452
,463
,447
,520
,523
,474
,677
,548
,535
1,527

2,686
2,748
2,800
2,761
2,763
2,784
2,824
2,920
2,924
2,826
2,690
2,681

,554
,544
,575
,560
,549
,564
,599
,608
,655
,627
,621
,633

757
754
759
780
755
762
770
789
807
781
801
742

1,145
,141
,162
,183
,162
,132
,158
,135
,141
1,136
1,131
1,089

942
952
960
951
939

983

1,006

965
992

1,017

871
856
890
892
905
924
951
988
1,026
1,031
1,017
1,070

1968
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

984
994
991

999
991
994

1 * 581
1 1 619
1*516
1*.462
1*538
1 *544
1*544
1*688

1.048
1^049
l'06l
1,072
1,062
1,051
1,073
1,074
1,087
1,083
1,072
1,061

1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

686
707
713

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1,282
1,310
1,356

1 , 587
1*571

1 '#

I'Q

1,059
1 ,025
1.025

11012

1 675

1,036
1,051
1,055
1 ,058
1 ,066
1,071
1,123
1,151

1,832
1,896
1,805
1 831
1 694
1,709
1 687 1
i'664

1,133
1,120
1,146
i;<9
1-071
1,071
1,098
1,106
1,183
1,175
1,159
1,171

1*697
1 ,'775
1 742
1*718
1*70!
1 674
I ,'829

28
25
25
29
27
24
29
26
30
28
25
30

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316

1,007

968
968

1,008

984
932
985

708
721
726 )f
709 :

756
762
767

733 ;
75 J

720
703
657

1,310
1,234
1,255 j
K254

1,217
1,266
1,199
1,183
1,248 ,j
1,230 !j
1,220
1,213

1 7SO
1,688
1,738
1,849

WEEKLY REPORTING BANKS


INDUSTRIAL LOANS, BY INDUSTRY
COMMERCIAL BANKS, 1967-70
of dollars]
Trade
Mining

Commodity
dealers

Other
wholesale

Retail

Transportation

Communication

Other
public
utilities

Construction

Services

All
other
domestic
loans

Foreign
coml. and
industrial
loans

Total
loans
classified

Date 1

1967

3,502
3,462
3,424
3,375
3,381
3,383
3,342
3,169
3,186
3,157
3,177
3,571

103
99
100
96
97
99
88
95
102
99
104
107

500
492
499
502
505
493
492
508
515
526
563
576

,045
,067
,063
,048
,046
,067
,047
,029
,070
,050
,066
,083

2,853
2,868
2,912
2,939
2,963
3,001
3,024
3,064
3,107
3,136
3,176
3,343

388
395
410
420
438
440
420
444
439
433
435
443

756
710
682
659
645
661
653
638
641
659
715
715

748
740
709
705
688
698
697
695
683
666
693
682

2,021
1,984
2,065
2,028
2,026
2,051
2,003
2,009
2,002
1,988
2,038
2,121

798
801
824
827
813
831
862
832
837
789
792
873

2,248
2,190
2,233
2,205
2,212
2,149
2,112
2,096
2,086
2,025
1,989
2,027

24,425
24,293
24,627
24,486
24,615
24,940
24,783
24,437
24,687
24,666
24,950
26,077

Jan. 25
Feb. 22
Mar. 29
Apr. 26
May 31
June 28
July 26
Aug. 30
Sept. 27
Oct. 25
Nov. 29
Dec. 27

3,996
4,014
4,047
4,233
4,152
4,121
4,042
3,984
3,963
3,829
3,828
4,033

111
103
115 1
110
111
113
115
114
112
114
114
118

575
588
585
624
637
634
608
603
585
616
613
643

,111
,093
,098
,119
,105
,144
,152
,106
,114
,144
,159
,135

3,426
3,432
3,503
3,503
3,610
3,703
3,688
3,688
3,673
3,680
3,744
3,906

419
409
412
404
432
446
453
452
472
449
459
441

717
741
710
731
749
815
928
1,001
1,071
1,077
1,181
1,224

686
680
706
737
737
769
779
774
794
782
799
808

2,163
2,187
2,229
2,243
2,268
2,303
2,324
2,329
2,361
2,386
2,517
2,576

871
844
879
877
864
905
942
903
.921
940
957
959

2,009
1,981
1,976
,971
,953
,934
,918
,901
,881
,876
,914
,919

26,680
26,843
27,370
27,854
27,879
28,483
28,710
28,455
28,772
28,320
28,835
29,531

Jan. 31
Feb. 28
Mar, 27
Apr. 24
May 29
June 26
July 31
Aug. 28
Sept. 25
Oct. 30
Nov. 27
Dec. 25

4,442
4,355
4,270
4,302
4,230
4,203
4,089
4,030
4,119
4,079
4,044
4,090

114
112
110
112
111
114
114
111
80
81
81
79

656
632
678
657
663
676
679
663
672
691
668
706

,127
,149
,157
,165
,156
,158
,163
,148
,162
,182
,215
,229

4,025
3,972
4,032
3,988
4,014
4,081
4,042
4,061
4,107
4,115
4,146
4,414

438
429
437
440
409
440
436
446
446
486
462
498

1,246
1,230
1,232
,110
,137
,150
,219
,243
,296
,244
,219
,337

876
888
885
858
897
901
883
898
899
899
903
904

2,682
2,823
2,876
2,897
2,891
2,875
2,866
2,866
2,865
2,854
2,945
2,991

1,044
1,068
1,077
1,078
1,074
1,076
1,106
1,108
1,184
1,206
1,204
1,241

1,901
,885
,824
,853
,869
,836
,791
,739
,701
,692
,690
,642

30,523
30,482
30,812
30,832
30,970
31,228
31,073
31,029
31,475
31,218
31,549
32,789

Jan. 29
Feb. 26
Mar. 26
Apr. 30
May 28
June 25
July 30
Aug. 27
Sept. 24
Oct. 29
Nov. 26
Dec. 31

3,916
3,757
3,709
3,590
3,520
3,582
3,489
3,381
3,461
3,419
3,329
3,326

90
81
78
77
87
88
80
82
82
73
83
79

686
693
696
684
717
692
708
704
697
727
739
756

,232
,236
,206
,242
,285
,308
,292
,334
,360
,351
,371
,399

4,343
4,291
4,331
4,199
4,262
4,276
4,425
4,347
4,417
4,443
4,453
4,564

480
472
476
445
416
408
424
487
448
386
415
415

,318
,244
,161
,020
984
,033
,031
,042
,065
,017
,022
,018

893
899
903
899
888
911
959
985
957
972
1,005
1,044

2,936
2,971
2,995
2,962
3,031
3,017
3,049
3,060
3,132
3,069
3,079
3,209

1,214
1,194
1,206
It183
1,186
1,227
1,267
1,242
1,225
1,242
1,209
1,285

,591
,575
,605
,579
,614
,620
,599
,599
,604
,612
,648
,716

32,194
31,943
32,006
31,471
31,343
31,739
31,916
31,843
32,622
32,026
31,883
32,358

Jan, 28
Feb. 25
Mar. 25
Apr. 29
May 27
June 24
July 29
Aug. 26
Sept. 30
Oct. 28
Nov. 25
Dec. 30

1968

1969

1970

1
2

Last Wednesday of the month.


Includes crude petroleum and natural gas.

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317

Section 5

BANK DEBITS
Contents
INTRODUCTION.

321

DESCRIPTION OF BANK DEBITS

322

SEASONAL ADJUSTMENT
PROCEDURES_____

325

REPORTING CENTERS SERIES.

325

SMSA SERIES

326

REVISIONS IN SERIES_____ 323


1953 REVISION,,.
1964 REVISION

GROUPINGS OF REPORTING
CENTERS OR SMSA's___

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___ 323
323

DEBITS BY FEDERAL RESERVE


DISTRICT AND BY INDIVIDUAL
CENTERS OR SMSA's_____ 326

324

SOURCES OF DATA.

319

327

Tables

5.1

5.2

5.3

5.4

5.5

Bank Debits and Deposit Turnover, 1943-64


A. Annually, and Monthly at Seasonally Adjusted Annual Rates
..__ 328
B. Annually and Monthly, Not Seasonally Adjusted _______,_ 334
Bank Debits, Deposits, and Deposit Turnover, 1964-70
A. Annually, and Monthly at Seasonally Adjusted Annual Rates
340
B. Annually and Monthly, Not Seasonally Adjusted
342
Bank Debits to Demand Deposit Accounts, Except Interbank and U.S. Government,
at All Reporting Centers, by Federal Reserve District, Annually,
1943-70
344
Bank Debits by Federal Reserve District and by Reporting Center or SMSA,
Annually, 1941-70
A. Reporting CentersDebits to Deposit Accounts Except Interbank,
1941-32
345
B. Reporting CentersDebits to Demand Deposit Accounts, Except
Interbank and U.S. Government, 1QS2-64
353
C. Reporting SMSA'sDebits to Deposit Accounts, Except Interbank
and U.S. Government, 1964-70
361
Changes in Reporting Banks
366

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320

BANK DEBITS

Section 5

INTRODUCTION
other financial transactions that do not necessarily arise from current production and distribution. Furthermore, they include many
duplications arising from a series of payments
for identical goods at different stages of production and consumption. But in a very broad
way they do reflect changes in general business
conditions by showing, among other things,
changes in the attitude of the public toward
holding or spending money.
Statistics on bank debits help bankers and
bank supervisory authorities in formulating
banking and credit policies. Debits are also
useful in analyzing business developments in
cities or regions for which more precise business indexes are not available. However, the
figures must be used with considerable caution
because of variations in payment habits and in
the degree of duplication in transactions between different times and places. Debits are
one of the few types of economic data that are
uniformly available for a large number of in-

Over the years, as individuals and institutions have increased their dependence on
checks as a means of payment, bank debits
have grown in importance as an indicator of
financial transactions in the economic community. The term "bank debits" refers to the
charges made against deposit accounts when
banks honor depositors' checks or withdrawal
slips. Demand deposits in banks account for
the major portion of the current means of
paymentthat is, money in the hands of the
publicand debits to these accounts provide
a direct measure of the extent to which depositors are using these funds.
Changes in business activity are closely
linked with changes in the volume of payments
made by check, of which bank debits provide
the best single indicator available. It should be
noted here, however, that in and of themselves
bank debits cannot be regarded as accurate and
trustworthy indexes of business activity, because they include payments for property and

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321

Bank Debits

dividual cities. These statistics, together with


their predecessor series on clearings, are useful
in business-cycle research covering long periods
of time.
The turnover of demand deposits, computed
by dividing debits during a period (and converted to an annual rate) by average deposits
against which the debits are made, indicates
the number of times a deposit dollar is used
during the period. The rate at which depositors
turn over their deposits in banks provides a
rough measure of economic and financial developments that tend to accelerate or retard
the rate of flow of money into economic
channels.1

Changes in the rate of turnover may be


indicative of the state of business activity, but
this relationship is a complex one. The rate of
turnover may decline while business activity is
rising if an increase in the amount of deposits
is accompanied by a less-than-proportionate
increase in the volume of debits. Deposits and
debits may move in the same direction or in
opposite directions, or one may change while
the other remains relatively stable. The rate of
turnover, moreover, is only an average figure.
Therefore, it does not necessarily indicate how
the turnover is changing for different classes
of depositors.

1
For further discussion, see George Garvy, Debits
and Clearings Statistics and Their Use (Revised edition, 1959; Board of Governors of the Federal Re-

serve System) and George Garvy, Deposit Velocity


and Its Significance (1959; Federal Reserve Bank of
New York).

DESCRIPTION OF BANK DEBITS


Bank debits do not include payments of
officers1 checks, debit entries made by the
reporting bank to its own accounts, or remittances for certified checks drawn against the
reporting bank, because these amounts enter the
debits total at the time of certification. Payments
in settlement of clearinghouse balances are
also excluded, because checks and other items
received through clearings are reported when
they are charged against the accounts of
depositors.-

Bank debits as shown in this section refer


for the most partto the dollar amounts
that are charged against demand deposit accounts at a selected group of banks. However,
the debits figures also include some transactions that do not necessarily involve checks.
Among these are such transactions as a telegraphic transfer of funds; a customer's instruction to his bank to purchase securities or foreign exchange or to perform some other service
and to charge his account; and payment from
trust funds on deposit in the bank's own
department.
In general, bank debits include charges
against the checking accounts of all depositors
of the reporting banks, including State and
local governments, with these exceptions: (1)
accounts of other banks, that is, interbank
deposits; (2) accounts of the U.S. Treasurer
with commercial banks; such accounts hold
tax remittances and the proceeds of sales of
U.S. Government securities pending transfer
to the Treasurer's account at the Federal Reserve Banks; and (3) accounts of Directors of
Internal Revenue.

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3
Because bank debits are measured by the amounts
actually charged against depositors' accounts, the
total may differ significantly from clearings data for
several reasons. First, debits do not include some of
the items received through clearings, as, for example,
a draft drawn on the reporting bank by another bank,
Second, bank debits include a number of items that
do not go through clearing houses, such as checks
presented over the counter or received through the
mails from depositors and collecting banks. Third, in
some of the centers for which bank debits are collected there are no clearinghouses, and in some where
clearinghouse settlements are conducted, some of the
participating banks are not in the debits series. And
finally, mergers of banks generally have no effect
on debits, but they do cause a decline in clearings.

322

Section 5

REVISIONS IN SERIES
Since 1919 the Board of Governors and
the Federal Reserve Banks have been collecting statistics on debits from selected member
and nonmember banks located throughout the
country. The number of centers covered and
the geographic boundaries of these centers
have been changed from time to time, as have
the types of data requested.

deposits is very low compared with that of


demand deposits, the inclusion of debits to time
deposit accounts was felt to be producing differences among reporting centers in velocity
and over periods of time that had no relation
to actual divergencies in economic conditions.
Rather, they were reflecting either (1) varying
proportions of time and demand deposits at
reporting banks in different centers, or (2)
varying proportions of savings deposited in
reporting banks and in nonreporting institutions such as mutual savings banks.
The revision of the series reduced aggregate
debits for 1952 by about 3 per cent and lowered the amounts for many centers, including
New York City, by approximately the same
percentage. Changes for other individual centers varied from small reductions in some cities
to large reductions in cities where Directors
of Internal Revenue maintained accounts.
More details on percentage changes in reported
debits resulting from those revisions are shown
for individual reporting centers on page 366.

1953 REVISION
One of the major changes in type of data
reported was in 1953. At that time the debits
series (shown in Table 5,1) was revised back
to 1943 to reflect the exclusion of U.S. Government deposits as well as changes in the number
of reporting centers.
Elimination of debits to U.S. Government
accounts at the reporting banks removed from
the series an irregular factor not related to
economic conditions, Debits to the Treasury
tax and loan accountsthe largest of U.S.
Government accounts and also the most widely
held by commercial banksreflect transfers of
balances to the Treasurer's checking account
at the Federal Reserve Banks. Similarly, debits
to the accounts that the Directors of Internal
Revenue maintain with commercial banks in
cities where it is not convenient to maintain
accounts with Federal Reserve Banks have
little or no relation to spending activities in
the localities concerned.3
The elimination of data for time deposits
permits a better measurement of the rate of
deposit turnover, which is one of the main uses
of the debits series. Since the turnover of time

1964 REVISION
During the 1950's and the early 1960's
the Standard Metropolitan Statistical Area
(SMSA) became increasingly important as a
geographical unit for statistical measurement.
The SMSA is a more meaningful area for
analyzing both debits and turnover because
the cities that had been represented in the old
series frequently reflected arbitrary legal boundaries having little relationship to the economic
structure of the urban areas. For these reasons,
and in order to correlate the debits and deposit
turnover series with other economic indicators
that are available on the SMSA basis, this
series was converted to that basis, beginning
1964.4

Certain miscellaneous Government accounts carried


with commercial banks, howeversuch as those of
disbursing officers, post exchanges, hospitals, and so
forthwere not entirely eliminated from the debits
statistics, because they are often carried in the same
ledger with accounts of private depositors. Because
they might find it quite difficult to separate debits to
these miscellaneous accounts, reporting banks are not
required to exclude them from their debits statistics.

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Geographical limits for individual SMSA's are


defined by the U.S. Office of Management and Budget
(along county lines except in New England),

323

Bank Debits

Since then the figures have reflected estimated universe totals for the SMSA's rather
than reported figures only. And both monthly
debits and deposit turnover for the national
aggregate series have been published on an
annual rate basis. Monthly figures are shown
(1) without adjustment for seasonal variation
and (2) adjusted for both seasonal variations
and differences in calendar composition of
days of the week in each month. Data for the
SMSA's overlap the old series for the year
1964 only.
Expansion of reporting to the SMSA basis
increased the deposit coverage of the series by
19 per cent and the debits coverage by about
12 per cent on a national basis. Most of this
increase resulted from the expansion of geographic coverage, but the conversion to estimated universe totals also accounted for part
of the increase.
The number of reporting areas was reduced
to 225 from the 344 formerly covered.5 This
reduction resulted from the combining of cities
into larger SMSA's and the elimination of a
number of smaller reporting centers that are
not SMSA's. Data for eight SMSA's were
added in the revision of 1967 and combined
with the former seriesbringing the total

number of reporting SMSA's and selected


centers up to 233. The number of centers in
the series has remained 233 since 1967,, but
there have been minor changes in the boundaries of five SMSA's.
As noted earlier, figures for this series reflect
estimated totals for all commercial banks in
the SMSA rather than totals for reporting
banks only as did the former series.6 In the
aggregate, reporting banks hold 91 per cent of
the deposits of all banks in the SMSA's
covered in the series. The proportions of the
deposits covered for individual Federal Reserve
districts vary from a low of 88 per cent to
nearly complete coverage. No SMSA or center
having less than 70 per cent reporting coverage has been included.
No attempt was made to estimate an historical series on a SMSA basis because of
problems of estimating data for the added
suburban banks, which may have characteristics different from "core" city banks. The
resulting discontinuity limits the usefulness of
the debits series for long-term analyses, but it
could not be avoided. In any event, debits data
are generally recognized to be more useful as
a short-term economic indicator.
6
A variety of local conditions affect each area, and
the technique for expanding the reporting-sample
data to universe-area levels for all commercial banks
was determined on an individual area basis by the
Federal Reserve Banks.

Seventeen cities or counties that are not SMSA's


are included among the 225 reporting centers for
purposes of regional coverage or because SMSA
designation seemed likely in the future.

GROUPINGS OF REPORTING CENTERS OR SMSA's


other thingsgrowth in the population, increased banking activity, and the need to improve coverage in a particular State, Federal
Reserve district, or area. In addition to national
totals for all reporting centers, the Board has
published debits figures for the subgroups
listed at the top of the next page.
Until the revision of the debits series in
1953, the Board of Governors had been publishing data for New York City; for 140 other

The national series for which data are shown


in this section include debits at reporting member and nonmember banks in 344 centers
through 1964 (Tables 5.1 A and 5.1 B) and
in 233 SMSA's for the period 1964-70 (Tables
5.2 A and 5.2 B). These compare with 274
centers in 1941 and 194 centers in 1919 as
shown in Banking and Monetary Statistics
(1914-41). The increase in the number of reporting centers or SMSA's reflectsamong

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324

Section 5
1943-64
1. New York City
2. 6 other leadings centers
3. All centers excluding New York City
(343)
4. All centers excluding New York City
and 6 other leading centers (337)
1.
2.
3.
4.

1964-70
New York City
6 other leading SMSA's
All SMSA's excluding New York City
All SMSA's excluding New York City
(232)
and 6 other leading SMSA's (226)

centers; and for a group called "all other


reporting centers" (about 200 centers). The
group of 140 centers had been maintained
principally because of its continuity since 1919
on a fairly consistent basis, but it included a
number of relatively small centers, and it did
not include a number of important ones for
which figures were not available back to 1919.7
7

See note in following column.

Hence, at the time of the 1953 revision a


number of changes were made to provide more
significant groupings than had been available
earlier. As a result of growth in economic
activity and in financial transactions associated
therewith, six centers other than New York
City had achieved significance. These were
Boston, Philadelphia, Chicago, Detroit, San
Francisco (later San Francisco-Oakland), and
Los Angeles (later Los Angeles-Long Beach).
Beginning with 1943, therefore, debits for this
group have been shown separately. In the
"centers" series this group accounts for about
one-third of the debits at banks outside New
York City; in the SMS A series, for about
two-fifths.
7
The tabulations in Table 5.5 show the effects on
reported figures, in terms of percentages, of the
various changes in number of banks reporting in each
center from 1943 through 1964. The first shows percentage increases in reported debits; the second,
percentage decreases in reported debits; and the
third, percentage increases or decreases resulting from
corrections or revisions.

SEASONAL ADJUSTMENT PROCEDURES


Tables 5.1 and 5.2 both show seasonally
adjusted as well as unadjusted data. Different
methods are used to compute seasonally adjusted data for debits and for turnover.
REPORTING CENTERS SERIES
(TABLES 5.1 A AND 5.1 B)
Unadjusted monthly debits for the five national classifications were first adjusted for the
calendar and working-day structure of the
individual month by use of the Census Bureau's
X-ll trading-day adjustment.8 The resulting
8

U.S. Bureau of the Census. Technical Paper


No. 15: "The X-ll Variant of the Census Method II
Seasonal Adjustment Program," U.S. Government
Printing Office, Washington, D. C., 1965. For a
summary description of the X-9 version of Method II,
see Business Cycle Developments, Department of
Commerce, Bureau of the Census, March 1962, p. 62.

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Federal Reserve Bank of St. Louis

debits, after allowance for variations in trading


days, were then adjusted for seasonal variation
by the Census X-9 procedure.9 These seasonal
factors were reviewed and some adjustments
were made, mainly to provide greater stability
in factors from year to year. The seasonally
adjusted aggregate series for all reporting centers was obtained by adding the figures for
New York and for 343 centers outside New
York. Seasonally adjusted data for "6 other
leading cities" were derived by subtracting
figures for "337 other reporting centers" from
those for the 343 centers outside New York.
The annual rate of turnover for each year
was obtained by dividing total debits for the
year by the average level of demand deposits.
Average deposits for the year were derived
from reported totals for 13 datesthat is, for
the beginning of the year and for the end of
9

325

Ibid.

Bank Debits

each month. Monthly turnover rates were


derived for each classification by correcting
reported monthly debits for trading-day variation, converting these totals to annual rates,
and dividing by the average of deposits at the
beginning and the end of the month, The resulting deposit turnover at annual rates was adjusted for seasonal variation by the X-9 procedure with minor modifications of computed
seasonal factors.

SMSA SERIES
(TABLES 5.2 A AND 5.2 B)
In the debits series for SMSA's, separate
seasonal adjustment factors are computed
for each of the 233 areas. Seasonally adjusted
debits for each grouping of centers (that is,
6 leading, 226 other, and so forth) are aggregates of the data for each of the component
areas after seasonal adjustment. An annual
rate is obtained by multiplying the seasonally
adjusted monthly figures by twelve.
In the previous series, no adjustment was
made for seasonal influences at individual
centers; only groups of centers were adjusted.
For the new series, seasonal and trading-day
factors are based entirely on monthly figures
generated under the current SMSA series.
Calculation of individual seasonal adjustment factors for each reporting area takes into

account the diverse seasonal influences on


debits activity in various sections of the country and in individual SMSA's. Seasonal variations arise from differences in crop marketings,
production peaks and valleys, tax payments,
and similar seasonal influences that may differ
from one part of the country to another.
In addition, month-to-month variations in
debits stem from two other sources. One is the
length of the month28, 29, 30, or 31 days.
The other is the calendar or day-of-thc-week
composition of the monththe number of
Mondays, Tuesdays, and so forth. The first of
these sources of variation has generally been
part of any seasonal adjustment procedure,
but it has been necessary to estimate calendarcomposition differences by the use of such
arbitrary devices as "business days." A new
seasonal adjustment computer program prepared by the Census Bureau takes into account
in a single operation both sources of variation.10
The revised annual rates of turnover, seasonally adjusted and not seasonally adjusted, are
calculated monthly from the aggregates of
SMSA totals for debits (at annual rates) and
the average of two deposits figuresone for the
current and one for the preceding month-end.
The annual rate of turnover for each year is
derived from aggregates of SMSA totals and
is obtained by dividing total debits for the year
by the average level of demand deposits.
10

Ibid.

DEBITS BY FEDERAL RESERVE DISTRICT AND BY


INDIVIDUAL CENTERS OR SMSA's
the effects of the revision.11 Similarly, two sets
of figures are shown for 1964-before and
after the revision to SMSA's.

Unadjusted debits for each Federal Reserve


district for each year of the period 1943-70
are shown in Table 5.3, Debits for individual
reporting centers or SMSA's by years are shown
in Table 5,4 for the period 1941-70. Two sets
of figures for centers are shown for 1952
before and after the 1953 revision in which U.S.
Governments deposits and time deposits were
excludedin order to provide a measure of

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Federal Reserve Bank of St. Louis

11
The figures in parentheses after the names of the
centers in Table 5.4 A designate the year when the
center began to report debits, or when major changes
were made in the number of reporting institutions or
in geographic coverage. Some of these dates also
apply to Part B of Table 5.4, as the "note" to that
part indicates.

326

Section 5

SOURCES OF DATA
Bank debits as shown in this section were
published monthly on a national basis in the
Federal Reserve Bulletin. Monthly and annual
totals, respectively, for each reporting center
were published in the Board's G.6 release, which
is available about the 15th of the month follow-

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Federal Reserve Bank of St. Louis

ing the report period, and in the C.5 release,


which is available in March. Statistics in the
Bulletin and in the G.6 release also included
deposit turnover for the five national classifications. For the SMSA series only seasonally
adjusted data have been published.

327

05
>

5.1
A.

BANK DEBITS AND DEPOSIT TURNOVER, 1943^4

D
tn

ANNUALLY, AND MONTHLY AT SEASONALLY ADJUSTED ANNUAL RATES


[Debits

in billions of dollars; annual rate of turnover in per cent]


f
ji

Leading centers
337 other
reporting centers 3

All reporting centers


Period

New York

6 others 2

Debits

1943
1944

K>

oo

Digitized for FRASER


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Federal Reserve Bank of St. Louis

757.4
848.6

Turnover

17.5
17.8

1945
1946
1947
1948.
1949

924.5
,017.1
,103.7
,227.5
,206.3

1950
1951.
1952
1953
1954

,380.1
,542.6
,642.9
,759.1
,887.4

1955
1956
1957
1958
1959.

2,043.5
2,200.6
2,356.8
2,439.8
2,679.2

1960
1961
1962
1963
1964.

2,838.8
3,111.1
3,436.4
3,754.7
4,140.7

i!

1943^ Jan... .
Feb.
Miir
Apr.
May.
June
July
Aim.
Sept
Oct.
Nov
Dee

1944

....
. ..

..
.......

Jan
Feb. .... . . . . . .
Mar
Apr., . . . . . . . . . . .
Muy
June .
...
July.. . . . . . . . . . . .
Aug.
. ..
Sept.. . . . . . . . . . .
Oet
Nov.. . . . . . . . . . .
Dec..

695.1
684.7
710.3
857.0
802.3
670.4
755.0
794.7
8H7.5
821.4
737.2
700.7
832.3
868.3
809.8
815.1
771.6
H58.6
879.5
869.7
858.1
846.6
884 . 1
9J4.4

Debits
281.1
327.5

I1

Turnover

20.4
22.3

24.i

18.0
18.3

300.8
326.3

Debits

Turnover

,5.3 !
14.6

476.3
521.1

16.2
15.8

14.7
15.4
16.7
18.0
17.3

17.5
18.3
19.7
21.6
20.9

341.5 ;
391.8 !
458.5
513.3 !
499.2 *

13.5
14.1
15.5
16.6
15.9

j
1

541.7
610.3
705.3
784.3
760.1

31.1
31.9
34.4
36.7
42.3

298.6
336.9 ,
349 . 9 !
385.8 .
390.1

22.6
24.0
24.1
25.6
25.8

572.2 [.
661.3
695 . 1
740.4 :
758.4 '

17.2
18.4 3
18.4 ?
18.9 ,
19.2 '

870.8
998.2
1,045.0
1,126.3
1,148.4

18.7
20.0
20.0
20.8
21.0

42.7
45.8
49 . 5
53.6
56.4

431.7
462.9
489 . 3
4B7.4
545 . 3

27.3
28.8
30.4
30.0
32.5

20.4
21.8
23.0
22.9
24.5

1,276.7
1,384.8
1,468.3
1 ,481.0
1,655.6

22.3
23.7
25.1
24.9
26.7

577.6
622.7
701.7
775.7
841.6

34.8
36.9
41.2
44.6
47.8

,158.3 *
,209.6
,318.9
,423.0
,563.3 ,

25.7
26.2
27.7
29.0
30.8

60.0
70.0
77.8
84. 8
93.8

1,735.9
1,832.3
2,020.6
2.198.7
2,404.9

28.2
29.0
31.3
33.1
35.2

':

i9.3

161.6
158.2
169.4
J98.7
173.1
151.0
173.7
188.3 '
203.9
202 . 7
164.5
163.7

18.0
17.6
17.0
21.1
18.3

15,8
14.8
15.0
16.6
16.0
14.5
!5.l
15.3
16.5
15.8
14.6
13.9

j
'

18.0
17.9
21.0
18.6
16.9
16.0

285.6 ,
274.3 :
288.4
32H.3 ;:
301.7
272 . 3 :
298.6 '
308.7 i
348.3
317.4
295.0
292.5

447.2
432.5
457.8
527.0
474.8
423 . 3
472.3
497.0
552.3
520.1
459.5
456.1

16.5
15.8
15.6
IK.4
17.3
14.7
16.3
15.6
17.7
17.1
15.4
14.3

196.7
197.2
191.1
1 88 . 3
176.0
191.8
201,5
200.6
190.2
200.4
2U0.6
208.5

18.6
19.7
18.2
18.3
16.6
18.6
19.9
18.6
17.8
17.6
18.1
18.7

330.3
33J.5
309 . 8
329.6
311.1
336,0
330/7
327.2
32^.5
314.0
332.2
343.9

15.1
15.3
14.5
14.9
14.0
15.4
65.2
14.7
14.1
13.5
34.3
14.5

527.0
528.7
500.9
517.8
487.1
527 . 8
M2 2
527. 8
518.8
514.4
532,9
SS2 4

16.2
16.8
15.7
16,2
15.3
16.3
16.9
J5.6
15.1
14.9
15.4
15.7

21.9
23.0
23.5
24.6
26.2

509.3
544.4
597.8
632.8
738.9

27.1
28.9
30.8
31.5
33.4

766.9
815.9
888.5
958.7
1,023.6

35.5
38.2
41.5
44.3
47.7

,102.9
,278.8
,415.8
,556.0
,735.8

17.3
16.7
16.2
20.1
19.9
16.0
17.0
17.0
20.0
18.4
16.9
15.6

248.0
252.3
252.4
330.0
327.5
247.0
282.7
297.7
335.2
301.4
277.6
244.6

17.6
18.9
17.6
17.6
16.6
18.3
18.9
18.2
17.8
16.8
17 5
18.4

305.3
339 . 6
308.9
297.2
284.5
330.8
347.3
341.9
339.4
332.1
351.2
362.0

Turnover

200.2
218.5 f
246.7
270.9
260.9 ;

382.8
406.8
398.5
443.2
446.2

i
\

175.5
194.8

Debits

Turnover

25.1
23.8
26.9
27.9

17.6
18.2
18.7
20.4
20.2

,1
|

Debits

343 centers 4

il

1.

j1
i!

i:'

19.0
17.2
23.9
25.6
18.3
19.0
19.6
23.8
22.7
20.9
17.4
20 . 8
23.K
21.6
21.0
19.5
22.9
24.2
23.4
2^ 2
2KB
22.6
23.7

il

16. i

845.0
921 .9
979.0
993.6
1,110.3

'

Digitized for FRASER


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

1945 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec

889 9
891.8
895.4
868.2
935 9
1,049 4
916.6
916.7
909 4
894.9
924.9
985 8

17 9
17.6
17.2
16.4
17.6
19.7
17.6
17.2
17.0
16.5
16.9
18.3

366.8
366.5
361.3
335.5
385.7
438,6
387.2
382.5
379.2
386.1
394.9
401.4

24 8
24.2
22.4
20.9
23.4
27.4
24.4
23.5
23.9
23.3
24.0
25.1

194 5
193.7
197.3
195.9
201.6
225.4
192.7
196.0
196.9
189.6
192.2
222.6

17.6
17.3
17.3
17.0
17.2
20.1
17.3
16.6
17.0
16.4
16.4
18.9

328.6
331.6
336.9
336.8
348.6
385.4
336.8
338.1
333.4
319.2
337.8
361.8

13.7
13.6
13.6
13.3
13.6
15.4
13.5
13.1
12.9
12.4
13.3
13.8

523.0
525.3
534.1
532.7
550.2
610.8
529.4
534.1
530.3
508.8
530.0
584.5

14,9
14,9
14.8
14.5
15.0
16.7
14.8
14.1
14.1
13.6
14.0
15.4

1946Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct.
Nov
Dec

973.3
974 0
1,005.5
1 , 024 . 8
993.4
1,010.2
1,041 5
1,049.5
1 019 1
1,022 2
1,054.2
1 , 043 . 8

18.2
17.7
18.4
18.6
18.0
17.7
18.3
18.3
18.0
18.1
18.7
18.7

412.4
404.4
422.2
432.9
407.3.
401.6
423.6
415.3
388 9
386.8
401.9
394.4

26.3
25.4
26.5
27.6
25.7
24.4
25.4
25.6
24.2
23.6
24.6
23.7

206.8
206.1
213.7
218.3
213.0
216.6
221.3
223.6
224.0
222.5
229.2
227.4

17.5
17,2
17.9
18.2
17.9
17.9
18.4
18.8
18 8
18.8
19.3
18.8

354.1
363.5
369.5
373.6
373.1
392.0
396.7
410.7
406.3
412.9
423.2
421.9

13.4
13.4
13.7
13.6
13.4
14.0
14.0
14.4
14.3
14.6
14.9
14.9

560.9
569.6
583.2
592.0
586.1
608.6
618.0
634.3
630.3
635.4
652.4
649.4

14.6
14,7
15,0
15.1
14.9
15.0
15.4
16.0
15.6
15,7
16.3
16.0

1947_jan
Feb
Mar
Apr
May
June
July
Aug.
Sept
Oct
Nov
Dec

1,027.2
1,078 4 1
1,078 9
1 , 050 . 7
1,078 7
1,086.3
1 , 094 . 7 [
1,107 9
1,113.5
1,168 5
1,176.8
1,162 8

17.9
18.6
18.8
18.0
18.8
18.5
18.5
18.6
18.8
19.4
19.8
19.4

369.5
394 7
393.7
371.8
384.9
397.0
400.2
398.1
394.1
428.3
418.6
419 0

22.0
23.9
23.7
22.4
23.4
23.7
23.6
23.6
23.6
25.7
25.3
24.6

226.1
238.9
240.0
232.3
240.1
247.6
245.1
245.8
253.3
260.8
269.1
259.7

18.8
19.5
19.8
18.7
19.7
19.4
19.4
19.8
20.0
20.6
21.2
20.1

431.6
444.8
445.2
446.6
453.8
441.7
449.4
464.0
466.1
479.3
489.0
484.2

14.9
15.4
15.5
15.2
15.5
15.1
15.1
15.6
15.5
15.9
16.1
15.8

657.7
683.7
685.2
678.9
693.8
689.3
694.5
709.8
719.4
740.1
758.2
743.9

16.0
16.7
16.7
16.4
16.8
16.4
16.5
16.8
16.8
17.2
17.7
17.1

1 196 7
1,181 9
1,176.4
1,221 1
1,228.4
1 , 226 . 8
1,233 2
1,237.5
1 252 9
1,266 1
1,225.5
1,223 1

19.8
19.8
19.7
20.1
20.8
20.5
20.7
20.7
20.8
21.1
20.5
20.5

424 3
421.4
433.0
448,2
448.4
444.1
432.4
446.2
453 6
467.5
438.8
438 4

24.5
24.8
25.7
27.0
27.6
27.0
27.1
27.4
27.9
28.8
27.1
27.3

266.7
265.3
254.6
271.0
268.8
267.0
277.6
273.6
277.8
276.5
267.5
270.5

21.2
21.2
20.2
20.9
21.7
21.3
22.2
22.1
22.1
22.3
21.7
21,8

505.7
495.3
488,8
501.9
511.1
515.7
523.2
517.7
521.4
522.1
519.1
514.2

16.4
16.2
15.9
16.3
16,6
16.7
16.9
16.7
16.8
16,8
16.7
16.5

772.4
760.5
743.4
772.9
780.0
782,7
800.8
791.3
799.3
798.6
786.6
784.7

17.7
17.6
17.3
17.8
18.1
18.0
18.4
18.2
18,3
18.3
18.0
18.0

1,234.4
1,190.0
1,203.7
1,210 8
1,209.4
1,217.3
1,212 8
1,212.3
1,203.3
1 , 196 5
1,198.2
1 , 226 . 6

20.7
20.1
20.4
20.4
20.4
20,4
20.4
20.2
20.0
19.9
20.0
20.4

455.2
429.3
437.8
441 2
451.8
458.1
452.6
464.9
449.2
434.7
442.8
453.9

28.3
27.1
27.6
27.7
28.4
28.5
28.6
29.0
28.3
27.3
27.6
28.2

268.3
257.0
263.1
264.9
260.6
261.7
262.7
257.1
258.8
262.0
260.2
264.2

21.8
21.0
21.3
21.5
21.0
21.1
21.2
20.5
20.6
21.0
20.8
21.1

510.9
503.7
502.7
504.7
496.9
497.5
497.5
490,3
495.2
499.9
495.2
508.5

16.5
16.1
16.1
16.2
15.9
15.9
16.0
15.6
15.8
15.9
15.7
16.1

779.2
760.7
765,9
769.6
757.5
759.2
760,2
747.4
754.0
761.9
755.4
772.7 1

17.9
17.5
17.7
17.7
17.4
17.4
17.4
17.0
17.2
17.3
17.1
17.5

. . . .

1948 Jan
Feb
Mar
Apr
May
j une
July
Aug
Sept
Oct.
Nov
Dec
1949_jan
Feb.
Mar
Apr
May
June
July
Aue.
Sept
Oct
Nov
Dec

..

For notes see end of table.

I
o
I
H

Digitized for FRASER


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

5.1

BANK DEBITS AND DEPOSIT TURNOVER, 1943-64Continued

O
en

A. ANNUALLY, AND MONTHLY AT SEASONALLY ADJUSTED ANNUAL RATESContinued


[Debits l in billions of dollars; annual rate of turnover in per cent]
Leading centers
All reporting centers
Period
Debits

1950jan
Feb

Mar.

Apr
May
June
July
Aug
Sent.
Oct
Nov
Dec
1951 Jan
Feb
Mar
Apr
May. .
June
July
Aug
Sept.
Oct
Nov.
Dec

19S2 Jan
Feb.
Mar
Apr
May
June.
July
Aue.
Sept
Oct.
Nov
Dec,

. .

,o ...

....,.,

1953J a n . . . . . . . . . . . . . . .
Feb... ,.
Mar
Apr..
May
June
July. . . . . . .
Aug. . . . , . . . . .
Sept
Oct
Nov
Dec

Turnover

Turnover

Debits

337 other
reporting centers 3

6 others 2

New York

Debits

Turnover

Debits

Turnover

343

I
j

Debits

1,226.3
1,268.7
1,254.5
1,292.8
1,318.5
,342.9
,368.8
,589.1
,516,4
,453.9
,483.7
,509.2

20.2
20.9
20.7
21.1
21.2
21.5
21.7
25.0
23.6
22.4
23.0
23.2

456.8
476.3
465.7
472.1
485.1
480.0
487.2
649.8
562.6
524.2
540.9
545.1

28-5
29.9
29.1
29.6
30.2
29.5
30,0
39,3
33,5
31.3
32.4
32.2

263.4
275.2
270.7
282.2
286.3
298.0
296.9
324.6
333.4
313.0
322.0
330.7

20.7 i
21.5
21.1
21.9
22.0
22.6
22.6
24.4
24.5
23.5
23.9
24.2

506.1
517.2
518.1
538.6
547.1
564.9
584.8
614.7
620.3
616.6
620,8
633,5

,538.0
,510.4
,611.1
,547.0
,530.1
,552.9
,485.7
,512.9
,527.1
,543.0
,581.9
,558.9

23.5
22.9
24,2
23.4
23.1
23.4
22.5
22.7
22.8
22.6
23,1
22,6

541.9
524.2
605.3
547.1
530.7
551.1
525.5
523.8
523.1
543.0
560.0
551.2

32.1
30.9
35.4
32.2
31.3
32.6
31.3
30.9
30.9
31.7
32.3
31.7

342.3
334.3
343.0
338.1
339.3
338.7
321.5
333.3
342.2
333.2
342,9
333.2

24.8
24.1
24.5
24.1
24.3
24.2
23,5
23.9
24.3
23.9
24.0
23.4

653.9 !
651.9
662.9
661.8
660.1
663.1
638.7
655.7
661.7
666.9
679.0
674.5

18.7
18.4
18.8
18.7
18.6
18.7
17.8 !
18.3
18.4 I
18.3
18.5 I
18.2

996.2
986.2
1,005.8
999,9
999.4
1,001.8
960.2
989,1
,003.9
,000.0
,021.9
,007.7

,551.0
,587.2
,590.8
,616.4
,620.7
,635.7
,641.6
,615.6
,656.7
,718.4
,678.9
,718.7

22,5
23.2
23.1
23,5
23.4
23.4
23.7
23.3
23.6
24.3
23.8
24.3

543.9
568.7
573.8
594.3
593.9
602.2
606.2
593.5
604.2
631.2
601.7
626.7

31.1
32.4
33.1
34.4
34.0
34.3
34.8
34.1
34.9
36.7
35.2
35.8

333.4
336.1
339.0
342.7
338.5
344.7
349.7
335.7
352.8
372.9
361.7
371.8

23.3
23.7
23,6
23.6
23.3
23.7
24.2
23.0
24.1
26.0
24.6
25.3

673.6
682.4
678.0
679.5
688.3
688.9
685.7 i
686.4
699.7
714.4
715.5
720.3

18.2
18.5
18.2
18.2
18.4
18.3 ;i
18.1 I
18.3
18.4
18.7
18.6
IB. 7

,007.1
,018.5
,017.0
,022.1
,026.8
,033.5
,035.4
,022.1
,052.6
,087.3
,077.2
,092.0

,714.4
,709.7
,737.1
,752,0
,770.2
,756.4
,754.3
,761.3
,821.8
,777.1
,777.8
,770.9

24.1
24.2
24.4
24.5
24.8
24.6
24.7
25,0
25.4
25.0
24.7
24.9

612.8
606.0
609.5
619.9
623.8
630.1
613.9
623.5
683.3
651.4
654.5
658.5

35.4
35.5
35.6
35.7
36.4
36.8
36,1
36.8
40.0
37.9
37.9
37.5

377.3
372.2
385.1
390.0
397.9
387.8
389.6
389.6
391.4
383.6
386.6
378.0

25.3
25.1
25.5
25.6
26.4
25.7
25.8
25.9
26.2
25.7
25. 8
25.6

724.3
731.6
742.5
742.1
748.6
738.5
750.9
748.2
747.1
742.1
736.8
734.4

18.8
18.9
19.0
18.9
19.1
18.9
19.2
19.1
19.1
19.0
18.9
18.8

,101,6
,103.7
,127,6
,132.2
,146.4
,126.3
,140.5
,137.8
,138.5
,125.7
,123.4
,112.3

i
;]
I
i
,;
!

16.0
16.1
15.9
16.5
16.5
16.9
17.4
18.2
18.4
18.0
18.2
18.3

!
|
ij
!
\
"
I

769.5
792.4
788.8
820,8
833.4
862.9
881.7
939.3
953.7
929.7
942.9
964.1

^
Turnover

17.3
17.6
17.4
18.0
18.1
18.6
18.8
20.0
20.1
19.5
19.8
20.0
20.4
20.0
20.4
20.3
20.2
20.2
19.4
19.9
20.0
19,8
20,0
19.6
19.6
19.9
19,7
19.7
19,8
19.8
19.9
19.6
20.0
20.5
20.3
20.5
20.6
20.6
20. 8
20.8
21.2
20.8
21.0
21,0
20.9
20.9
20.8
20.7

Digitized for FRASER


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

1954 Jan
Feb
Mar
Apr
May
June
July

....

Aufi

Sept
Oct
Nov
Dec

,866 6
,871.5
870 9
,864.7
857 7 [
864 8
, 897 . 8
931 1
,853 2
,878.4
927 5
,946 6

25 9
26.1
26 5
26 5
26 2
26 4
26.6
26 9
25 8
25.9
26 3
26 6

751 7
736 1
733 5
729 5
732 1
723 5
758 3
777 9
703 2
729.0
748 6
740 7

43 7
42 8
42 6
42 4
42 5
41 9
43 6
44 4
40 2
41 4
42 5
41 5

378 1
388 2
387 5
392 0
385 4
385 9
387 7
393 2
390 2
386 8
394 6
403 4

25 3
26 1 1
26 2
26 3
25 7
26 1
25'9
26 1
25 8
25 2
26 0
26 7

736 7
747 2
750 0
743 2
740 2
755 4
751 8
760 0
759 8
762 5
784 4
802 5

18 9
19 2
19 3 i
19 2
19 1
19 4
19 2
19 3
19 2
19 2
19 6
19 9

1 114 8
[ 135 4
i 137 4
1 135 2
1 ' 125 6
1 141 3
1*139*5
1 153 2
1 150 0
1 149 3
1 179 0
1 205 9

20 7
21 2
21 2
21 2
21 0
21 3
21 0
21 1
21 0
20 9
21 3
21 8

1955 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

954 1
,968.4
974 5
,970 8
2,027.2
2 023 9
2,035.7
2 045 1
2,096.8
2 156 6
2,137 3
2,186.2

26 3
26.2
26 5
26 5
27.1
27 1
27 4
27 3
2?' 8
28 5
28 3
28.6

745 1
742 4
730 0
720 4
750 5
747 7
752 8
749 9
790 0
830 1
807 2
858 9

42 4
41 5
40 3
39 7
42*3
42 1
42 3
42 0
44 1
46 6
45 3
46 7

406 1
416 3
427 2
423 8
437 -4
428 7
427 0
434 6
440 0
449 2
451 0
448 3

26 6
26 9
27 4
27 1
27 6
27 5
27 4
27 5
27 8
28 3
28 3
28 0

802 8
809 7
817 3
826 6
839 3
847 5
855 9
860 6
866 8
877 3
879 1
879 0

19 8
19 8
19 9
20 1
20 3
20 5
20 7
20 7
20 8
21 0
21 0
21 0

1 208 9
1 226 0
1 244 5
1 250 4
i'276 7
1 276 2
1 282 8
1 295 2
1 306 8
1 326 5 !
1 330 i
1 327 3

1956 Jan
Feb
Mar
Apr
May
June
July
Aug.
Sept
Oct
Nov
Dec

2,164.1
2 033 2
2,162,5
2 181 0
2,192 9
2,195.6
2 208 7
2 , 242 . 8
2 228 8
2,228 0
2 274 3
2,262 3

28 4
26 8
28 6
28 9
29 0
29.0
29 3
29 6
29 4
29*4
30 0
29*5

802 9
705 3
820 5
802 9
820 7
820 4
815 0
852 2
834- 2
816 2
850 6
838 8

44 8
40 3
47 i
45 7
46 0
46 2
46 1
48 5
46 7
45 9
48 1
46 7

469 0
443 8
446 7
462 2
454 7
458 4
470 4
462 1
460 8
470 5
474 3
470 0

29 5
28 0
28 0
28 8
28 8
28 9
29 3
29 0
28 8
29 4
29 9
29 4

892 2
884 1
895 2
915 8
917 4
916 8
923 4
928 5
933 8
941 3
949 4
953 5

21 3
21 1
21 4
21 7
21 7
21 7
22 0
22 1
22 2
22 4
22 5
22 5

1 361 2
1 328 0
342 0
378 0
372 1
375 2
393 8
390 6
'394*7
'411 8
423 7
423 5

21 6
21 7
22 0
22 0
22 4
22 4
22 5
22 6
22 7
22 9
23 0
22 9
23 4
23 0
23 2
23 7
23 6
23 7
24 0
24 0
24 0
24 3
24 5
24 4

2,298 2
2,332.0
2,329 5
2,306.3
2 321 1
2,363.0 i
2 361 8
2 399 'l
2,411.0
2 374 6
2,411.1
2,401.6

30 2
30.5
30 5
30 3
30 2
31 0
31 0
31 6
31.7
31 3
31 6
31.6

852 1
869 9
863 9
859 0
846 3
896*4
885 4
904 6
921 1
902 3
943 1
937 7

47 6
48 5
48 3
47 9
46 9
50 3
49 6
51 0
51 9
51 2
52 9
52 2

480 4
486*0
486 7
477 9
494 7
488 0
494 3
503 1
499 6
492 3
490 6
483 2

30 5
30 5
30 3
29 5
30 3
30 4
30 5
31 2
31 2
30 7
30 7
30 4

965 7
976 2
978 9
969 4
980 0
978 6
982 2
991 4
990 3
980 0
977 4
980 7

22 8
23 1
23 1
22 8
23 1
23 2
23 2
23 4
23 4
23 2
23 1
23 3

446 1
*462 1
465 6
1 447 3
1 474 7
1 466 6
1 476 4
1 494 4
1 489 9
1 472 2
468 0
463 9

24 8
25 1
25 1
24 7
25 1
25 2
25 2
25 6
25 5
25 2
25 3
25 2

-2 , 373 . 8
2 389 1
2,409.3
2 443 4
2,365 1
2,567.4
2 457 7
2,412 4
2 420 1
2 451 0
2,421.7
2 521 6

31.5
31 7
31 9
32 0
31 0
33 2
31 8
31 2
31 1
31 3
30 7
31 9

924 1
947 8
973 2
1 006 3
953 7
1 096 5
987 5
935 3
903 6
915 5
882 0
945 9

53 1
54 9
55 3
57 4
53 3
61 3
55 4
52 4
49 9
50 7
48 6
52 i

473 1
476 7
472 0
473 6
456 5
485 3
489 6
484 7
503 5
505 8
503 7
524 2

30 1
30 4
29 9
29 8
29 0
30 0
29 8
29 7
30 5
30 6
30 5
31 6

976 6
964 6
964 0
963 6
954 9
985 7
980 6
992 4
012 9
029 6
035 9
051 5

23 1
22 9
22 8
22 7
22 4
23 0
22 8
22 9
23 1
23 4
23 4
23 8

449 7
441 3
436 1
437 2
411 3
471 0
470 2
477 i
516 5
535 5
539 7
'575"7

25 0
24 9
24 8
24 6
24 2
24 8
24 7
24 8
25 1
25 4
25 3
25 9

..

1957Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1958Jan
Feb
Mar
Apr
May
June
July
Aug.
Sept
Oct.
Nov
Dec

..

, .

1
1
1
1

For notes see end of table.

Digitized for FRASER


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

5.1

BANK DEBITS AND DEPOSIT TURNOVER, 1943-64Continued

A. ANNUALLY. AND MONTHLY AT SEASONALLY ADJUSTED ANNUAL RATESContinued


[Debits * in billions of dollars; annual rate of turnover in per cent]

I
3

J^eading centers
337 other
reporting centers s

AH reporting centers

Debits
1959 Jan
Feb
Mar
Apr
May.
June
July
Aug
Sept.
Get
Nov.
Dec

6 others 2

New York

Period
Turnover

Debits

Turnover

Turnover

Debits

2,561.4
2,580.7
2,583.5
2,672.4
2,682.0
2,609.7
2,779.9
2,686.3
2,695.0
2,746.3
2,754.4
2,780.7

32.4
32.2
32.3
33.2
33,7
32.3
34.4
33.5
33.7
34.6
34.6
35.2

988.7
974.2
957.9
1,018.7
1,021.3
977.5
1,061.8
1,015.9
1,033,1
1,076.9
1,066.9
1,082.6

54.9
54.0
53.0
56.1
56.3
54.1
58.2
55.7
56.1
60.1
59.4
61.0

517.0
525.6
538.5
545.2
543.2
531.3
578.3
552.7
541.2
554.6
555.3
558.0

31.4
31.4
31.9
32.4
33.3
31.5
33.5
32,9
32.5
33.2
33.2
33.8

1,055.7
1,081.0
,087.1
,108.5
,117.5
,100.9
,139.7
,117.7
,120.6
,114.8
,132.1
,140.1

1960 Jan
Feb. .
Mar
Apr
May
June
July
Aug.
Sept
Oct .
Nov
Dec

2,740.9
2,789.8
2,777.6
2,764.1
2,789.7
2,864.0
2,819.9
2,938.3
2,991.1
2,847,2
2,911,8
2,833.1

34.4
35.0
35.1
34.9
35.1
36.0
35.6
36.8
37.1
35.6
36.6
35.6

1,042.9
1,066.9
1,060.4
1,043.0
1,074,7
1,116.1
1,100.0
1,171.5
1,225.8
1,100.1
1,162.5
1,084.9

57.7
58.2
58.1
57.2
59.1
61.5
60.2
63.6
65.7
59.5
63.4
59.4

553.7
575.5
567.3
569.2
561.1
580.7
577.2
592.2
593.3
585.8
589.2
589.0

33.5
34.7
34.4
34.7
34.7
35.3
34.6
35,9
35.8
35.5
35.7
35.4

,144.3
,147.5
,149.8
,151.9
,153.9
,167.1
,142.8
,174.6
,172.0
,161.3
,160.1
,159.2

1961 Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept.
Oet
Nov.
Dec

2,957.1
2,973.7
2,971.6
3,049.4
3,100.2
3,103.8
3,118.4
3,141.8
3,159.7
3,258.3
3,364.6
3,257.2

36.9
37.1
37.2
38.0
38.4
38.4
38.6
38.9
38.7
39.9
41.3
39.6

1,191.4
1 } 201.8
1,196.4
1,266.3
1,286.4
1,278.1
1,282.8
1,291.9
1,298,8
1359.8
1,422.4
1,324.9

65. 3
66.0
66.5
70.0
70.7
71.5
71.6
71.6
70.6
75.5
78.6
72.1

597,7
600.8
595.5
608.0
618.6
620,6
625,8
626.9
631.5
641.1
672.6
661.8

36.1
36.0
35.7
36.6
37.1
37.0
37.1
37.7
37.7
37.9
39.4
38.8

,168.0
,171.2
,179.6
,175.1
,195.3
,205.0
,209.8
,223 0
,229.4
,257.4
,269.6
,270.6

39.5
39.4
41.6
41.4
41.7
42.1
41.8
41.8
42.2
42.7
43.3
43.8

1,290.0
1,275.8
1,405.0
1,397.4
1,424.6
1,425.5
1,388.5
1,413.1
1,455.8
1,463.6
1,490.9
1,545.3

39.8
39.3
41.0
41.0
41.0
41.8
41.4
41.6
42.5
42.7
43.1
43.5

,279.8
,288.5
,297.9
,310.0
,319.8
,321.4
.328.0
331.0
,315.6
,334.0
,340.2
,345.2

. .
. .
.

.
.

.
.
.

1962 Jan
Feb
Mar
Apr
May..
June o
July
Au**.
bept. . . . . .
Oct. .
Xov. . .
Dec

3,249.3
3,228.2
3,400.2
3,399.9
3,435.9
3,443.0
3,414.1
3.444,3
3 ",485. 7
3,513.7
3,561.7
3,623.9

:
:
i

i
1

70.3
69.9
77.8
77.7
78. 5
79.3
77.4
78.1
80.6
81.4
83.3
86.5

i
!
1

679.5
663.8
697,2
692,5
691.6
696.2
697.5
700.2
714.4
716.1
730.7
733.4

Turnover

Debits

\
i
!

i
'

343 centers 4

Debits

Turnover

23.7
24.2
24.1
24.3
24.9
24.4
25.1
24.7
24.8
24.8
25.2
25.4

1,572.7
1,606.6
,625.6
,653.7
,660.7
,632.2
,718.1
,670.4
,661.9
,669.4
,687.4
,698.1

25.8
26.1
26.2
26.6
27.2
26.2
27.4
26.9
26.8
27.1
27.3
27.7

25.5
25.6
25.8
25.7
25.8
26.3
25.7
26.2
26,1
25.8
25.8
25.8

1,698.0
1,723.0
1,717.2
1,721.1
1,715.1
1,747.9
1,720.0
,766.9
,765.3
,747.1
,749.3
,748.2

27.6
28.0
28.1
28.2
28.2
28,6
28.0
28.9
28.7
28.4
28.4
28.4

25.9
25.8
26.0
25.6
26.1
26.4
26.3
26.5
26.5
27.0
27.3
27.2

, 765 . 7
,772.0
,775,2
,783.1
,813.8
,825.6
,835.6
,849.9
,861.0
,898.5
,942.2
,932.3

28.6
28.5
28.6
28.6
29.1
29.1
29.1
29.5
29.5
29.9
30.6
30,2

27.4
27.4
27.7
27.7
27.9
2H.O
28.1
28.2
27.7
28.1
28.2
28. 0

1,959.3
1,952.4
1,995.1
2,002.5
2,011.4
2,017.5
2,025.6
2,031.2
2,030.0
2,050.1
2.070.8
2i078.6

30.7
30.6
31.2
31.3
31.4
31.6
31.6
31.6
31.6
31.9
32.2
32.0

Digitized for FRASER


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

1963Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

1964 jan
Feb
Mar
Apr
May
June
July
Aug
Sect
Oct
Nov
Dec

"

....

. .

3,622.9
3,701 4
3,678 2
3,621.8
3,667 0
3,681 8
3,773.9
3 827 7
3,920 5
3,881 4
3 797 2
3,907 8

43.7
44 5
44 2
43.4
43 6
43 8
44.5
45 5
46 1
45 7
44 6
45 8

,514.7
,577 1
,544 6
,486.0
,531 4
,512 2
,554.6
599 7
,632 4
,589 0
557 4
,609 2

3 974 2
3,942 1
3,984.7
4,113 7
4 066 3
4 055 7
4,272.5
4,t83 3
4 190 8
4,182 7
4 249 9
4 263 6

46 7
46 6
46,7
48 2
48 3
48 2
49 4
47 8
47 4
47 6
48 2
48 6

677
,629
,639
714
679
'?11
,844
,753
751
,750
788
791

0
6
4
6
5
4
4
3
4
9
5
4

83 9
87 4
85 6
81.9
83 5
82 'l
83.8
90 0
92 5
86.4
84 5
86*7

737.3
746 6
754 5
743.4
740 1
756 6
786.2
786 2
808 9
814.1
815 4
812 4

43.4
43 7
43 7
43.2
43 0
44'l
45.5
45 4
46 3
47.2
46 5
47 0

1,370.9
1 377 7
379 1
, 392 . 3
395 5
,413 0
,433.1
441 8
479 3
,478.3
424 5
486 2

28.6
28 7
28 7
28.9
28 8
29 0
29.4
29 5
30 0
30.0
28 7
30 1

2,108.2
2 124 2
2 133 5
2,135.8
2 135 6
2,169 6
2,219.4
2 228 0
2 288.1
2,292.4
2 239 8
2 298 6

32,4
32 6
32 6
32.7
32 5
33 0
33.6
33 6
34 3
34.4
33 7
34 4

91 1
90 7
90.6
94 0
94 i
96 0
100 7
93.7
93 1
94*3
95 9
95 6

809 7
814.4
827.0
851 3
842 3
798 3
863 2
858.8
858 4
846 9
847 8
843 3

46 7
47 6
47.3
49 0
49 8
47 4
48 9
49 1
47 9
47 2
47 0
47 9

487 5
498 1
,518.3
547 8
544 4
546 0
564 8
,571 2
581 0
584 9
613 6
1 629 0

30 2
30 3
30.5
31 0
31 2
30 9
31 0
30 8
30 8
30 9
31 3
31 7

2 297 3
2 312 5
2,345.3
2 399 1
2 386 7
2 344 2
2 428 0
2,430 0
2 439 4
2 431 9
2 461 4
2 472 2

34 5
34 7
34.8
35 5
35 9
35 3
35 6
35.4
35 2
35 I
35 7
35 8

1
2

Excludes interbank and U.S. Govt. accounts.


Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
3 Before Apr. 1955, 338 centers.
' Before Apr. 1955, 344 centers.

CO

en
CO

C/3

Digitized for FRASER


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

cd
5.1

BANK DEBITS AND DEPOSIT TURNOVER, 1943-64Continued

tn

B. ANNUALLY AND MONTHLY, NOT SEASONALLY ADJUSTED

ioo
i

[Debits 1 in millions of dollars; annual rate of turnover in per cent]

C/3

Leading centers

337 other
reporting centers 3

AH reportin
Period
Debits
1943 . .
1944

6 others 2

New York

Turnover

Turnover

Debits

Turnover

Debits

Debits

Turnover i

343 centers 4

Debits

Turnover

757,356
848,561

17.5
17.8

281,080
327,490

20.4
22.3

175,499
194,751

18.0
18.3

300,777
326,320

15.3
14.6

476,276
521,071

16.2
15.8

1945
1946
1947
1948. .
1949

924,464
1,017,084
1,103,720
1,227,476
1,206,293

17.6
18.2
18.7
20.4
20.2

382,760
406,790
398,464
443,216
446,224

24.1
25.1
23.8
26.9
27.9

200,202
218,477
246,739
270,912
260,897

17.5
18.3
19.7
21.6
20.9

341,502
391,817
458,517
513,348
499,172

13.5
14.1
15.5
16.6
15.9

541,704
610,294
705,256
784,260
760,069

14.7
15.4
16.7
18.0
17.3

1950
1951
1952
1953..
1954

1,380,112
1,542,554
1,642,852
1,759,069
1,887,366

21.9
23.0
23.5
24.6
26.2

509,340
544,367
597,815
632,801
738,925

31.1
31.9
34.4
36.7
42.3

298 , 564
336,885
349,906
385,831
390,066

22.6
24.0
24.1
25.6
25.8

572,208
661,302
695,131
740,436
758 , 375

17.2
18.4
18.4
18.9
19.2

870,772
998,187
1,045,037
1,126,267
1,148,441

18.7
20.0
20.0
20.8
21.0

1955
1956. . .
1957
1958..
1959

2,043,548
2,200,643
2,356,768
2,439,754
2,679,167

27.1
28.9
30.8
31.5
33.4

766,890
815,856
888,455
958,721
1,023,605

42.7
45.8
49.5
53.6
56.4

431,651
462,859
489,311
487,432
545,258

27.3
28.8
30.4
30.0
32.5

845,007
921,928
979,002
993,600
1,110,304

20.4
21.8
23.0
22.9
24.5

1,276,658
1,384,787
1,468,313
1,481,032
1,655,562

22.3
23.7
25.1
24.9
26.7

2,838,754
3,111,133
3,436,386
3,754,651
4,140,659

35.5
38.2
41.5
44.3
47.7

,102,850
,278,843
,415,823
,555,965
,735,803

60.0
70.0
77.8
84.8
93.8

1,158,298
1,209,618
1,318,898
1,423,006
1,563,253

25,7
26.2
27.7
29.0
30.8

1,735,905
1,832,290
2,020,562
2,198,686
2,404,856

28.2
29.0
31.3
33.1
35.2

18.1
15.2
17.5
19.8
18.4
17.5
17.0
15.0
19.2
18.4
16.0
18.1

21,228
18,960
22,861
27 , 574
24,671
23,965
23,232
20,056
26,682
23,338
21,935
26,578

23,197
20,455
25,178
26,538
23,556
24,712
24,856
23,578
28,844
26,031
24,978
28,854

16.2
13.6
15.6
16.6
15.6
15.2
14.9
13.7
16.7
16.1
14.0
15.6

36,067
32,285
40,399
42,778
37,114
39,171
39,237
37,372
46,245
40,569
39,410
45,629

16.8
14.2
16.9
18.0
16.3
15.9
15.7
14.4
17.8
16.7
14.8
16.6

18.3
17.2
19.0
17.4
15.5
20.0
18. 9
16.1
17.1
16.8
16.7
21.4

26,280
26,308
28,035
23,175
22,886
31,911
27,932
23,864
25,953
26,706
28,095
36.345

27,078
25,781
27,120
24,925
25,762
30,234
26,441
25,648
26,600
26,677
28,228
31.826

15.5
14.0
15.1
14.7
13.7
16.2
15.0
13.5
14.1
13.7
13.7
16.3

42,895
41 , 168
44,541
39,202
40,457
48,449
42,461
40,625
41,671
42,717
45,370
51.515

16.5
15.2
17.0
15.9
14.5
17.4
16.3
14.5
15.1
14,9
15.0
18.0

1960
1961. .
1962
1963..
1964

. .
.

...

1943 Jan
Feb
Mar
Apr.
May. , . . . . . .
June . .
July
Aug. . .
Sept
Oct.
Nov
Dec

. ....

1944 Jan.
Feb. . . . . . . . . .
Mar
Apr
Mav
June. . . . . . . .
July. . . . . . . . . . . . . . . . . . .
Aug. . . . . . . . .
Sept
Oct. . . . . . . . .
Nov. . . . . . . . . .
Dec...................

57,295
51,245
63,260
70,352
61,785
63,136
62,469
57,428
72,927
63,907
61,345
72,207
69,175
67,476
72,576
62,377
63,343
BO, 360
70,393
64,489
67,624
69,423
73,465
87.860

i
i

20.7
17.3
18.8
23.4
23.2
20.7
19.7
16.3
22,1
22.1
18.8
21.5
22.3
21.6
23.5
20.6
17.7
25.6
24.9
19.6
21.6
21.3
20.5
29.3

577,606
622,671
701,665
775,680
841,603
i

j
!

34.8
36.9
41.2
44.6
47.8

12,870
11,830
15,221
16,240
13,558
14,459
14,381
13,794
17,401
14,538
14,432
16,775

18.1
15.6
19.8
21.1
17.6
17.4
17.2
15.8
20.1
18.2
16.4
18.6

15,817
15,387
17,421
14,277
14,695
18,215
J 6,020
14,977
15,071
16,040
17,142
19.689

18.7
17.5
21.1
IB. 3
15.9
20.0
19.1
16.5
17.0
17.3
17.5
21.6

79 078
66,762
78 573
69 424
76,284
94,031
74 852
68,714
68 , 78 1
77 061
76,657
94 247

18.5
16.0
18 6
16.1
16.6
21.6
17 5
15.2
16.3
16 5
16.2
21 3

33,598
27 , 543
31 354
27 , 454
30 , 876
40,270
31,877
27,384
28 , 1 86
32 605
3 1 , 294
40 319

26.5
22.0
24 4
20.6
21.5
30.3
24.9
20.1
22.3
22.9
21.8
30 6

16,797
14,489
18,191
15,568
16,757
20,344
15,666
14,699
14,648
16,319
16,250
20,474

17.7
15.5
20 I
17.0
16.6
21.4
16.6
15.0
16.1
16.3
15.9
21 4

28,683
24,730
29 , 028
26,402
28,651
33,417
27,309
26,631
25,947
28,137
29,113
33,454

14.0
12.4
14.3
12.9
13.3
16.1
13.3
12.3
12.7
12.6
12.8
15.6

45,480
39,219
47,219
41,970
45,408
53,761
42,975
41,330
40,595
44,456
45,363
53,928

15.2
13.4
16.1
14.2
14.3
17.8
14.4
13.1
13.8
13.7
13.8
17.4

...

85,942
72 426
85 438
84 204
81 894
83,502
88 000
81 113
80,785
88 368
84 868
100 544

18.7
16 1
19.8
18 4
17 1
18.8
18 1
17 3
17.2
18 2
17.9
20 8

37,182
29 896
35,537
36 079
33 275
34,525
36 300
29 964
30 , 569
32 695
30,736
40 032

27.9
23.1
28.6
27 2
24.0
26.8
25 6
22.3
22.8
23 4
22.4
18 5

17,875
15,421
18,980
17 851
1 7 , 808
1 7 , 842
18 453
17,821
17,438
19 165
1 8 , 474
21 349

17.6
15 4
20.7
18 4
17.3
18.7
17 9
17.9
17.5
18 7
18.5
20 9

30,885
27,109
30,921
30,274
30,811
31,135
33,247
33,328
32,778
36 , 508
35,658
39 , 1 63

13.7
12.2
14.4
13 2
13.1
14.1
13 8
14.2
14.1
15 0
15.0
16 2

48,760
42 , 530
49,901
48,125
48,619
48,977
51,700
5 1 , 1 49
50,216
55,673
54,132
60,512

14.9
13.2
16.3
14.8
14.4
15.5
15.1
15.3
15.1
16.1
16.0
17.6

...

91,528
80 224
92 216
85 , 770
86 493
92,381
91 656
83 607
90 873
103 347
91 486
114 139

18.3
16 9
20.2
17.9
18 1
19.1
18 3
17.7
18 0
20.0
19 0
21 5

33,602
29 177
33 445
31,001
30 597
35,527
33 936
28,185
31 715
36 957
30 953
43 369

23.2
21 6
25.5
22.2
22.3
25.6
23 5
21.0
22 6
25.6
23 2
29 2

20,115
17,875
21,376
18,788
19,376
20,670
20 , 3 1 7
1 9 , 025
20 280
23,251
20 911
24,755

18.9
17 6
22.8
19.0
19.1
20.1
19 1
18.8
18 6
20.8
20 3
21.9

37,811
33,172
37,395
35,981
36,520
36,184
37 , 403
36,397
38,878
43 , 1 39
39 , 622
46,015

15.2
13.9
16.2
14.8
15.2
15.1
15.0
15.3
15 2
16.6
16 2
17.2

57,926
51,047
58,771
54,769
55,896
56,854
57,720
55,422
59 , 1 58
66,390
60,533
70,770

16.3
15.0
18.1
16.1
16.3
16.6
16.2
16.3
16.2
17.8
17.4
18.6

102 929
88 786
106 229
100 207
96,184
106 341
101,091
96 634
102 983
105 064
101 540
119,488

20 2
17.7
21 0
20 1
20.1
21 3
20.6
19 6
20 3
21 8
19 7
22.8

36 534
31 495
39 198
37 461
35 , 200
40 220
35,515
32 818
37 223
37 702
34 574
45 276

25 5
22.2
27 3
26 9
26.6
29 2
26.7
24 7
27.0
29 I
25 0
32.0

23,042
20 , 226
23 885
2 1 , 89 1
21,071
22 790
22,469
21 983
22,300
23 088
22 , 342
25,825

21.2
19.1
23 3
21.6
21.2
21 7
21.7
21 0
20.9
22 7
20.5
23.4

43,353
37,065
43 , 1 46
40,855
39,913
43,331
43,107
41,833
43,460
44 , 274
44,624
48 , 387

16.7
14.6
16 6
15.9
16.3
16.8
16.8
16 4
16.6
17 6
16.7
17.8

66,395
57,291
67,031
62 , 746
60,984
66,121
65,576
63,816
65 , 760
67 , 362
66,966
74,212

18.0
15.9
18.5
17.5
17.7
18.2
18.3
17.7
17.8
19.1
17.8
19.4

103 165
88,534
107 808
97,288
97,588
106 178
96 , 049
97 631
99 412
99,682
97 707
115 251

21.1
18.0
21 8
20.4
19.9
21 1
20.2
19 1
19 6
20.5
19 0
22.5

38,154
31,736
39 206
35,586
36,560
41 984
35,773
35 802
36 789
35,383
34 781
44 , 470

29.0
24.1
29 3
27.7
27.8
30 8
28.2
26 4
27 7
27.6
25 4
32.7

22,347
19,357
24,538
21,422
21,203
22,351
20 , 646
20 898
20 969
21,751
21, 147
24 , 268

21.8
18.8
24.5
22.3
20.7
21.5
20.8
19.5
19 6
21.4
19.6
22.5

42,664
37,441
44,064
40,280
39,825
41,843
39,630
40,931
41 654
42 , 548
41,779
46,513

16.7
14.5
16.8
16.0
15.6
16.0
J5.9
15.3
15 6
16.7
15.5
17.3

65,011
56,798
68,602
61,702
61,028
64,194
60,276
61,829
62,623
64,299
62,926
70,781

18.2
15.7
18.9
17.7
17.0
17.5
17.3
16.5
16.8
18.0
16.6
18.8

1945 Jan.
Feb
Mar
Apr.
May
June
July
Aug. . . .
Sept
Oct.
Nov
Dec
1946 Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec
1947 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept.
CO

Digitized for FRASER


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

...

Oct.:/:::.

Nov
Dec

1948 Jan
Feb
Mar.
Apr
May
June
July
AUK.
Sept
Oct
Nov.
Dec

..

1949 jim
Feb
Mar.
Apr
May
June. .
July
Aug.
Sent
Oct
Nov.
Dec
For notes see end of table.

:;*

0
tn
S
GO

cd

5.1

Sto

BANK DEBITS AND DEPOSIT TURNOVER, 1943-64Continued


B. ANNUALLY AND MONTHLY, NOT SEASONALLY ADJUSTED
[Debits 1 in millions of dollars; annual rate of turnover in per cent]
Leading centers

All reporting centers


Period
Debits

OJ

o\

Digitized for FRASER


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

Turnover

Debits

I1

Turnover

1950Jan. .
Feb
Mar.
Apr..
May
June.
July
Aug. .
Sept
Oct.
Nov
Dec.

105,067 1
94,377
113,300
100,325
110,342
117,445
108,706
127,023
121,469
123,974
121,368
136,716

20.5
18.6
22.0
21.1
20.9
22.2
21.5
23.7
23.2
23.2
21.9
25.5

38,921 !
35,213
42,270 :
36,811
41,119
43,582 S
38,632 1
49,841
44,690
43,673 i
42,997
51,591

1951 jan.
Feb
Mar.
Apr. .
May
June.
July.
Aug. .
Sept.
Oct..
Nov.
Dec.

136,271
112,797
141,422
125,537
127,867
131,522
121,196
122,421
117,940
135,644
128,972
140,965

23.5
20.5
26.1
23.4
22.9
24.4
22.2
21.5
22.4
23.3
22.0
24.7

47,980
38,838
52,708
44,962
44,726
48,151
42,563
40,719
40,174
47,097
44,100
52,349

135,799
125,160
136,276
134,108
133,001
139,739
137,314
122,173
136,047
150,472
127,648
165,115

22.5
20.8
24.9
23.5
23.3
24.4
23.4
22.1
23.2
25.0
22.7
26.4

47,650
44,418
49,213
49,745
48,830
53,385
50,472
42,778
49,131
54,893
44,209
63,091

24.1
21.9
26.3
24.4
24.9
25.6
24.4
23.7
24.9
25.4
23.6
26.9

52,048
45,749
53,898
52,038
50,255
56,623
51,799
45,516
54,888
54,152
50,470
65 . 367

..

1952 Jan..
Feb.
Mar.
Apr
May
June.
July
Aug. . . .
Sept.
Oct..
Nov
Dec,.

6 others 2

New York

., .

1953 Jan,.
Feb
....
Mar.
Apr
May.
June.
July
Aug, . . . . . . . .
Sept.
Oct...
..
Nov... . . . . . . . . . ..
Dec...................

145,919
129,163
153,356
145,567
141,981
153,846
147,957
134,386
147,699
149.606
140,992
168.596

28.8
26.6

3i.o

29.5
29.8
31.9
29.6
36.0
33.0
31.7

! a ?:?
1 37.7
g:5
1!
31

'
j
!
'

Debits
22,606
20,507
25,420
22,057
23,930
25,913
23,320
26,236
25,997
26,846
26,312
29,420

32.1
31.0
35.2
30.9
28.3
30.5
32.1
29.8
36.5

30,183
24,963
31,227
27,787
28,538
28,428
26,548
27,108
25,939
29,057
29,700
29,407

31.1
29.0
35.3
34.2
33.8
36.8
34.3
31.4
34.2
37.2
32.4
41.3

28,936
26,712
30,008
28,761
27,975
29,305
29,484
25,549
28,612
32,322
27,064
35,178

35.4
32.1
38.2
35.3
36.5
39.2
35.6
34.0
38.9
38.4
34.9
43.1

31,660
28,126
35,339
32,742
32,283
33,807
32,683
29,958
31,422
31,778
30,477
* SS7

i
!!
j
i
i
1
1
1
i1
|i
I
!
i
|
\
'
i!
!
I
\
1
:;
i
:
I.

'
Turnover j

20.6
19.2
24.3 "
22.9 :
21.7 !
23.3 i
22.0 1
23.2
23.6 '
23.6 j
22.4
25 8
'
i
24.6
21.4
28.2 ,
25.3 1
24 3
'
j!
25.0
22 9

- i
22.8 !
23.5 J!i
23.9
22 5
- i
24.7 !'
22.8 !
21.1
27.2
24.8
23 A
24.5 ?

24.0

22.1
23.3
25.7

i:

22.9
26.7

'

24.6
22.3
29.3
26.9
26.7
26.5
25.5
25.0
25.1
25.5
24.1
26.9

H <

C/3

337 other
reporting centers 3

Debits

16.2
14.5
16.7
16.2

58,108
48,996
57,487
52,788
54,603
54,943
52,085
54,594
51,827
59,490
55,172
59,209

19.0

18.5

Turnover

Debits
[

j
1

343 centers 4

Turnover

43,540
38,657
45,610
41,457
45,293
47,950
46,754
50,946
50,782
53,455
52,059
55,705

1l

5
n

16.2 '
'I
17.4 !
17.9 :
18.2
18.8
17.8
19.6
17 1

66,146
59,164
71,030
63,514
69,223
73,863
70,074
77,182
76,779
80,301
78,371
85,125

,
'.
'

17.5
15.8
18.8
18.1
17.7
18.9
18.7
19.4
19.8
20.2
19.2
21.4

19.0
17.8 i
17.9 f
18.2
19.0
18.1
19.3

88,291
73,959
88,714
80,575
83,141
83,371
78,633
81,702
77,766
88,547
84,872
88,616

20.6
18.0
22.1
20.4
20.0
20.7
19.2
19.3
19.7
20.4
19.3
20.8

59,213
54,030
57,055
55,602
56,196
57,049
57,358
53,846
58,304
63,257
56,375
66,846

18.3
16.8
19.2
17.9 \
18.2 !'
18.6
18.1
17.9
18.2
19.3
18.2
19.7

88,149
80,742
87 9 063
84,363
84,171
86,354
86,842
79 , 395
86,9(6
95,579
83,439
102,024

19.6
18.0
21.4
19.7
19.7
20.3
19.7
19.1
19.6
21.1
19.5
21,6

62,212
55,287
64,119
60,788
59,443
63,416
63,476
58,913
61,390
63,676
60,046
67.672

18.9
17.2
20.0
18.6
19.1
19.3
19.2
18.8
18.8
19.6
18.5
9.8

93,871
83,414
99,458
93,530
91,725
97,223
96, 159
88,871
92,811
95.454
90,522
103.229

20.5
18.6
22.5
20.8
21.2
21.3
20.9
20.6
20.5
21.3
20.0
21.7

; 16.7
i 19.7

i8.4

Digitized for FRASER


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

1954 Jan.
Feb.
Mar
Apr
May
June
July
Aug.
Sept
Oct.
Nov.
Dec

1955 jan
Feb

Mar

Apr

May
June
July
Aug.
Sept
Oct.
Nov
Dec
1956 Jan
Feb.
Mar
Apr

May

June
July
Aug
Sent
Oct

Nov
Dec.

1957 Jan
Feb
Mar.
Apr

May

June
July

Aug

Sept
Oct.
Nov.
Dec

.. .

1958Jan
Feb.
Mar
Apr

May
June
July
Aug.
Sept
Oct.
Nov
Dec.
For notes see end of table.

91,975 '
85,811 |
103,441
94,280
90,276
98,536
93,693
93,188 1
93,155
93,530
98,056
112,500

20.5
19.1
23.0
21,3
21.0
21.9
21.0
20.8
20.4
21.2
20.5
22.9

100,762
92,653
111,681
100,662
105,503
110,283
102,844
108,362
106,417
108,211
109,783
119,496

21.6
19.6
23.6
22.0
22.5
23.1
22.5
22.3
22.0
23.3
22.3
24.0

21.4
19.1
22.2
21.4
21.8
22.3
22.1
22.1
21.8
22.8
21.9
23.6

117,688
104,694
116,579
111,045
116,132
115,806
115,410
116,539
105,931
122,346
118,235
124,381

23.5
20.8
24.7
23.6
23.7
24.5
24.1
23.8
23.3
24.6
23.7
25.5

85,457
73,615
80,332
80,192
83,349
78,895
84,339
81,936
79,245
84,976
78 , 567
88,100

22.9
21.0
23.9
22.4
23.2
23.9
23.5
23.5
23.0
23.7
22.4
24.4

128,053
110,501
122,445
120,373
125,476
118,836
126,050
122,130
118,341
126,736
117,579
131,792

24.9
22.8
26.6
24.6
25.2
26.0
25.4
25.4
24.9
25.6
24.3
26.4

86,561
72,738
79,098
79,262
79,156
82,765
83,609
79,287
83 , 798
89,680
80,064
97,584

23.3
20.9
23.4
22.3
22.5
23.7
23.0
23.0
22.8
23.9
22.6
24.8

128,553
108,926
119,461
118,616
117,801
123,992
124,311
117,229
124,318
133,274
118,288
146,263

25.1
22.7
26.0
24.5
24.3
25.7
24.8
24.7
24.5
25.8
24.3
27.1

61,170
56,470
66,776
61,128
59,118
64,751
62,137
61,662
62,232
62,823
65,826
74,282

19.0
17.5
20.4
18.9
19.1
19.9
19.2
19.1
18.8
19.7
19.1
21.0

25.9
24.1
31.4
28.2
28.0
28.5
27.1
26.7
26.3
28.1
27.0
29.0

67,230
61,058
71,774
66,168
68,933
72,714
68,721
72,499
71,291
72,409
72,908
79,303

19.9
17.9
20.8
19.8
20.3
21.0
20.8
20.6
20.4
21.4
20.5
22.1

40,718
35,143
40,132
37 , 763
38 , 766
38,937
38,653
38,206
34,057
40,148
39,425
40,912

29.0
25.2
31.7
29.8
28.8
30.0
29.1
28.3
27.3
29.3
28.6
30.5

76,970
69,551
76,447
73,282
77,367
76,870
76,757
78,333
71,874
82,198
78,810
83,469

48.4
44.7
51 9
47.3
46 6
53 2
49.0
48 0
49.5
51 8
49 3
58.5

42,596
36,886
42 , 1 1 3
40,182
42,128
39 , 942
4-1,711
40,194
39 , 095
41,761
39,012
43 , 692

30.1
27.6
34.0
30.3
30.4
31.6
30.4
30.5
29.8
30.8
29.3
31.6

54.0
50 6
59.4
57.0
53 0
64.9
54 9
49 4
47.9
5J 4
45 2
57 7

41,992
36,188
40 , 363
39 , 354
38,645
41,228
40 701
37,942
40 , 520
43 594
38 , 224
48 679

29.9
27.5
33.2
30.5
29 . 0
31.1
29.7
29.1
29.2
30.8
28.7
33.0

154 281
141,926
171,354
154 759
149,812
163,501
154 848
151,504
149,898
152,322
156,843
186,317

26 2
24 0
28.6
26 3
26 3
27.5
26 4
25 7
24.8
26 2
25 1
28.8

62 , 306
56,115
67,913
60,479
59,535
64,965
61,155
58,316
56,744
58 , 792
58,787
73,817

43 8
39.0
45.8
41 5
42.6
44.6
43 0
41.2
38.7
41 9
39.3
47.5

30 , 806
29,341
36,666
33,152
31,159
33,785
31,556
31,526
30,922
30,706
32,230
38,217

24.6
23.3
30.2
27.6
26.0
27.1
25.6
25.3
24.5
25.0
24.2
27.9

163,403
149,744
178,924
158,296
167,714
177,917
161,748
167,343
168,967
175 779
173,190
200 , 523

26.6
24.1
28 6
26.2
27 2
28.2
27.1
26 3
26.8
28 9
27.0
30.9

62,642
57,091
67,242
57,634
62.211
67,634
58,904
58,980
62,550
67 , 568
63 , 406
81,027

42.6
38.2
43.4
38.9
42 3
44.6
41.7
39 3
42.1
47 2
42.2
53.1

33,531
31,595
39,908
34,494
36,570
37,569
34,123
35,863
35,126
35,803
36,876
40,193

187,364
162,107
189,793
176,760
185,584
186,540
181,284
183,819
167 154
193,140
185 223
201,876

28.7
24 6
30.9
28.6
29 0
30.2
29 1
28.7
28 2
29 7
28 6
31 8

69,675
57,413
73,214
65,715
69,452
70,733
65,873
67 , 279
61 223
70 , 794
66 989
77,495

45.4
37 1
50.7
44.8
46 1
48.9
45 5
45.5
44 5
46.5
44 8
52.6

204,514
177,536
197,231
192,701
197 257
193,349
200 , 559
190,539
189,294
204,168
1 89 , 246
220,376

30 5
28.0
32 7
30.0
30 2
32 4
30.9
30 6
30 5
31 7
30 1
33.9

76 , 460
67,035
74 , 786
72 , 328
71 780
74,512
74 , 509
68 409
70,953
77 431
71,667
88 , 584

212,908
181,729
203 , 870
204,126
195,116
219,465
206 524
185,849
195,205
212,894
183,092
238 975

31.8
29 1
33.9
32.2
31 0
34.8
31 8
30 3
29.8
31 6
29 1
34 1

84,355
72 803
84,409
85,510
77,315
95,473
82 214
68,620
70,887
79 620
64,804
92 711

'

G
tn

5.1

BANK DEBITS AND DEPOSIT TURNOVER, 1943-^64Continued

S2

B. ANNUALLY AND MONTHLY, NOT SEASONALLY ADJUSTED


[Debits l in millions of dollars; annual rate of turnover in per cent]
Leading centers

All reporting centers


New York

Period
Debits

Digitized for FRASER


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

Debits

j Turnover

25.8
23.8
27.4
26.6
27.5
27.2
27.6
26.9
26.2
27.5
26.3
28.8

88,529 i{
85,058
96,593
86,174,
88,551 i]
99,809 !'
86,063
92,435
97,162
89,905
91,020
101,551

58 6

59.2
65,3
59.6
60.4
64.6
60.9
58.8 t
64.9

46,305
45,626
50,410
46,862
47,895
50,415
45,254
49,474
47,909
47,567
47,577
52,313

33.2
31.2
37.4
36.0
35.1
36.7
34.3
35.3
34.5
35.8
33.5
36,6

95,285
91,300
98,726
92,971
96,398 !
100,629
92,222
99,862
95 , 700
95,659 ,!
96,503 "
103,041

25.5
23.4
26.4
25.5
26.3
27.1
25.9
26.4
25.6
26.4
25.2
26.6

141,590 (
136,926 "
149,136 |
139,833
144,293 1
151,043 1;
137,476
149,337
143,610
143,226
144,080
155,353

27.6
25.5
29.3
28.3
28.6
29.7
28.2
28.8
28.0
28.9
27.4
29.3

37.2
33.3
39.1
38.2
39.0
40.4
38.4
38.0
38.0
40,8
39.0
41.6

104,473
89,831
110,455
101,151 I
111,463
113,228 '
100,591
100,856
100,293
113,732
112,466
120,303

65.8
58.8
70.5
69.5
71.1
75.9
70.7
68.4
70.8
77.2
72.8
78.4

52,382
44,861
53,354
48,529
53,782
54,277
49,085
51,445
48,991
54,279
54,197
57,490

36.2
32.1
38.7
38.1
37.5
38.5 i
36.8
36.9
36.5
38.4
37.3
39.9

100,860
88,030
101,633
91,286
103,560
104,325
98,989
103,238
97,298
106,706
105,927
108,768

25.9
23.4
26.6
25.5
26.6
27.2
26.5
26.7
26.0
27,7
26.7
27.7

153,242
132,890
154,986
139,815
157,341
158,602
147,074
154,683
146,289
160,985
160,124
166,258

28.7
25.8
29.8
28.8
29.5
30.2

39.8
35.2
43.9
41.6
42.4
44.0
41.5
40.8
41.6
43.8
41,0
46.0

118,105
94,313
124,676
117,152
122,125
121,854
111,428
110,823
109,721
127,453
116,530
141.644

70.8
61.9
83.0
76.9
78.9
84.3
76.4
74.9
81.1
83.2
76.9
94.0

61,458
49,027
59,734
58,010
59,772
59,433
57,509
57,476
53,432
62,765
59,359
63.691

40.0
34.8
44.4
42.7
41.5
43.5
41 .0
40,5
41.3
43.7
40.7
44.7

115,051
96,105
108,781
106,333
113,546
110,471
110,719
112,746
100,110
117,177
112,273
115.586

27.4
24.8
28.2
27.6
28.4
28.9
28.6
28.4
27.2
29.0
27.6
28.6

176,509
145,132
168,515
164,343
173,318
169,903
168,229
170,221
153,542
179,942
171,632
179.277

257,714
222,722
265,442
240,966
268,804
271,830
247,665
255,540
246,582
274,717
272,590
286,561
294,614
239,444
293,191
281,495
295,443
291,758
279,656
281,045
263,263
307,395
288,162
320.921

.. .

Debits

135,446 f
121,418
138,657
137,313
135,277
142,004
146,037
132,898
134,776
140,726
134,866 }
156,145

1961-Jan
Feb.
Mar.. . ....
Apr.
May
June
July . . . . .
Aug
Sept.
Oct
Nov.
Dec

Turnover ~

23.7
22.0
24.6
24.1
25.2
25.1
25.4
24.8 s
24.3
25.3
24.4
26.4

34.7
31.7
36.9
35.1
35.7
37.8
35.4
36.0
36.3
36.2
34.6
37.4

1962- -Jan..
Feb.
Mar
Apr.
May
June
July
Aug.
Sept.
Oct
Nov.
Dec

Debits
90,941
81,783
91,172
91,358
90,631
95,574
97,615
89,633
91,516
94,642
91,055
104,382

230,119
221,984
245,729
226,007
232,844
250,852
223,539
241,771
240,772
233,131
235,100
256,905

'

31.2 ;

1960-Jan.
Feb
Mar
Apr
May
June
July
Aug.
Sept.
Oct.,.
Nov
Dec

....

Turnover

28.3 !!
34.9 i
33.4 ,
33.6
32.7
33.4
32.3
31.2
33.4
31.3
35.3

86,507
74,346
84,710
88,049
80,726
86,598
89,600
75,233
81,067
89,519
82,273
104,976

343 centers 4

44,505
39,635
47,485
45,955
44,646
46,429
48,422
43,265
43,259
46,083
43,810
51,763

32.7
29.6
34.0
33.4
34.0
34.0
34.3
32.6
32.6
35.1
32.7
37.4

Debits

337 other
reporting centers 3

55.9 '
49.4
56.2 1
56.0
56.2
57.2
57.7
52.8
54.5
61.0 !.
55.3
66.9

221,953
195,764 !
223,367 '
225,362
216,003
228,601
235,637
208,130
215,843
230,245
217,139
261,121

1959--Jan
Feb.
Mar
Apr.
May
June
July
Aue.
Sent
Oct.
Nov
Dec
00

Turnover

6 others

!
i
: Turnover 1

1
i(
Sj

- \
52.4 *
61.6
57.1

i
!
:
'

i
i
i
i
:

,:

29.3

29.4
28.8
30.6
29.5
31,0
30.8
27.5
32.4
31.5
31.9
32.7
31.9
31.6
30.9
32.8
31.1
32.8

Digitized for FRASER


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

1963 Jan.
Feb
Mar
Apr
May
June
July
Aug
Scot
Oct
Nov
Dec.

325 , 858
274,494
306,759
307,783
318,048
299,571
320,700
300,118
310,390
337,158
296,645
357,127

44.0
39 8
46.6
43.7
44.3
45.5
44.7
44.4
45.7
46.9
42.0
48.0

137,202
116 588
132,968
126 , 875
133,056
124,979
129 , 890
119,521
130,349
136,893
116,696
150,950

84.4
76 9
91 7
81.0
83,9
87.2
82.7
86.3
93.4
88.4
77.7
94.2

66,287
55,155
62 , 505
64,063
64,404
61,685
66,765
61,918
63,137
71,327
63,802
74,632

43.7
38 7
47.1
45.0
43.5
45.7
45.5
44.0
45.1
48.7
43.7
48.4

122,369
102,752
111,287
116,845
120,587
112,908
124,045
118,679
116,904
128,938
116,146
131,545

28.7
25.9
29.2
28.7
29.4
29.6
30.0
29.7
29.4
30.9
28.2
30.7

188,656
157,906
173,791
180,908
184,992
174,593
190,810
180,597
180,041
200,266
179,949
206,177

32.6
29.3
33.8
32.9
33.1
33.8
34.1
33.5
33.5
35.5
32.2
35.3

1964 jan
Feb
Mar
Apr.
May
June
July
Aue
Sept
Oct.
Nov
Dec

360 563
294,809
343,051
349,990
329 , 673
353,689
362,936
319,404
339 Oil
353,498
333,873
400,163

47.1
41.7
49.2
48.5
49.1
49.9
49.6
46.6
46 9
48.9
45.4
51.0

153 932
121,134
145 , 768
148 171
135,290
151,163
154 505
128,263
142 440
146,104
135,964
173,068

91 7
79.8
97.1
93 0
94.5
102.0
99 4
89.9
94 0
96 5
88.2
103.9

73,241
60,306
71,059
72,801
68,617
70,928
72,928
65,759
67 973
72,031
66,784
79,176

47.2
42.2
50.8
51 0
50.4
49.1
49 2
47.6
46 6
48.8
43.9
49.3

133,389
113,370
126,225
129,018
125,765
131,598
135,503
125,381
t 28 ,598
135,363
131,124
147,919

30.3
27.3
31.0
30.8
32.0
31.5
31.7
31.1
30.2
31.8
30.7
32.3

206,631
173,675
197,283
201,819
193,383
202,526
208,431
191,140
196,571
207 , 394
197,908
227,095

34.7
31.2
36.0
36.0
36.7
36.0
36.2
35,3
34.4
36.2
34.2
36.7

1
2

, , ,,,
.

Excludes interbank and U.S. Govt. accounts.


Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.

Before Apr. 1955, 338 centers.


* Before Apr. 1955, 344 centers.

O
PI

22
Cfl

5.2

BANK DEBITS, DEPOSITS, AND DEPOSIT TURNOVER, 1964-70

A. ANNUALLY, AND MONTHLY AT SEASONALLY ADJUSTED ANNUAL RATES


[Debits and deposits in billions of dollars; turnover in per cent]
Leading SMSA's
New York
Debits ! Deposits S Turnover
(annual
(end of
(annual
rate)
period)
rate)

Debits
(annual
rate)

6 others

Deposits i' Turnover


(end of
(annual
period)
rate)

Debits
(annual
rate)

232 SMSA's
(excluding New York)

233 SMSA's
Period

o
w

Deposits
(end of
period)

Turnover
(annual
rate)

Debits
(annual
rate)

226 other SMSA's

Deposits
(end of
period)

Turnover
(annual
rate)

Debits
(annual
rate)

Deposits
(end of
period)

Turnover
(annual
rate)

105.1
108.3
112.6

44.6
48.1
52.6

1,925.3
2.138.5 .
2,502.2 j

21.6
21.6
22.9

89.5
98.8
109.0

,030.7
,140.9
,326.1

25.0
25.6
26.4

41.4
44.7
49.9

2,714.4
3,023.2
3,431.3

83.5
86.7
89.7

32.9
35.3
38.2

1,683.8
1,882,3
2,105.2

58.5
61.1
63.3

29.2
31.2
33.3

6,665.5
8,009.6
9,223.5
10,237.2

123.2
133.1
138.1
139.0

56.5
62.0
68.0
72.9

2,921.2
3,635.2
4,068.6
4,517.7

26.1
28.1
28.9
27.8

120.3
135.5
143.6
154.4

,462.2
,755.9
2,123.6
2,404.0

28.5
30.7
31.9
31.8

52.9
59.2
68.1
75.2

3,744.3
4,374.5
5,154.9
5,719.5

97.1
105.1
109.2
111.2

39.9
42.7
48.0
51.5 I

2,282.1
2,618.5
3,031.3
3,315.5

68.6
74.4
77.3
79.4

34.5
36.0
39.8
41.9

May'
June.
July..

Aug. .
Sept.
Oct..
Nov.
Dec..

4,420.2
4,433.6
4,419.9
4,509.8
4,671.1
4,525.7
4,697.2
4,654.0
4,754.8
4,788.4
4,779.6
4,778.5

101.7
100.9
102.8
103.0
100.6
102.9
103.8
104.7
105.1
105.0
106.6
105.1

43.5
43.8
43.4
43.8
45.9
44.5
45.5
44.6
45.3
45.6
45.2
45.1

1,817.6
1,815.1
1,815.0
1,844.8
1,941.5
1,882.2
1,981.9
1,927.6
2,012.1
1,987.8
1,993.5
1,968.6

21.1
20.9
21.2
21.8
20.3
21.0
21.5
21.6
21.7
21.4
21.9
21.6

85.6
86.4
86.3
85.9
92.3
91.1
93.2
89.4
92.9
92.1
91.9
90.5

997.3
996.1
995.9
,018.0
,041.5
,007.6
,028.0
,034.7
,037.7
,058.4
,042.6
,054.4

24 A
24.2
24.6
24.4
24.2
24.6
24.8
24.9
24.9
25.3
25.7
25.0

40.6
40.9
40.8
41.5
42.8
41.2
41.6
41.7
41.7
42.2
40.9
41.6

2,602.5
2,618.5
2,605.0
2,665.0
2,729.6
2,643.5
2,715.3
2,726.4
2,742.7
2,800.5
2,786.1
2,809.9

80.5
80.0
81.6
81.3
80.3
81.9
82.3
83.1
83.4
83.5
84.7
83.5

32.4
32.6
32.2
32.7
33.8
32.6
33.1
33.0
33.0
33.5
33.1
33.4

,605.2
,622.4
,609.1
,647.0
,688.2
,635.9
,687.2
,691.7
,705.0
,742.2
,743.5
,755.5

56.1
55.8
57.0
56.8
56.1
57.2
57.5
58.2
58.5
58.2
59.1
58.5

28.7
29.0
28,5
28.9
29.9
28.9
29.4
29.2
29.2
29.8
29.7
29.9

1965Jan. .
Feb..
Mar.
Apr..
May.
June.
July. .
Aug. ,
Sept,
Oct..
Nov.
Dec..

4,847.7
4,917.4
5,005.2
4,971.5
5,034.4
5,322.7
5,162.0
5,151.9
5,168.9
5,283.0
5,488.1
5,510.6

105.1
105.0
105.3
105.9
105.5
106.3
107.0
107.8
107.9
108.6
109.6
108.3

46.1
46.8
47.6
47.1
47.6
50.3
48.4
48.0
47.9
48.8
50.3
50.6

2,016.1
2,032.9
2,078.1
2,035.5
2,080.4
2,309.6
2,174.3
2,102.4
2,121.2
2,187.4
2,258.7
2,234.3

21.3
21.4
21.3
21.5
21.0
21.4
21.5
21.3
21.6
21.6
21.8
21.6

94.0
95.2
97.2
95.1
97.9
108.7
101.3
98.2
98.7
101.1
104.0
102.9

,073.3
,091.8
,111.9
,113.4
,113.1
,138.3
,113.3
,144.3
,139.6
,163.1
1,234.4 ;
1,238.1

25.0
24.7
24.8
25.1
25.2
25.3
25.6
25.9
25.6
25.8
26.0
25.6

2,831.6
42.9
2,884.5
43.9
2,927.1
44.9
44.6
2,936.0
44.3
2,953.9
3,013.2
45.0
2,987.8 I
43.8
44.4 | 3,049.5
44.2
3,047.7
45.2
3,095.6
47.6
3,299.3
47.9 1 3,276.3 I

83.8 ,
83.6
84.0
84.4
84.5
84.8
85.6
86.5
86.2
87.0
87.8
86.7

33,9
34.5
34.9
34.9
35.0
35.6
35.1
35,5
35.3
35.7
36.9
37.5

,758.3
,792.7
,815.2
,822.6
,840.8
!
,874.8
j
,874.4 i
,905.2 I:
!
I
,908.1 j
;
,932.5
i
,994.9
| 2,038.3 !

58.8
58.9
59.1
59.3
59.2
59.5
60.0
60.5
60.6
61.2
61.8
61.1

30.0
30.5
30.8
30.8
31.1
31.6
31.4
31.6
31.5
31.7
32.4
33.2

1966- J a n . .
Feb..
Mar. ,
Apr..
May.
June.
July..
Aug. .
Sept..
Oct..
Nov..
Dee..

5,545.0
5,707.3
5,796.4
5,823.7
5,972.8
5,901.1
5,885.1
6,036.2
6,099.2
6,119.3

50.3
50.6
51.6
51.9
53.0
52.7
52.7
53.8
54.4
54.4
54.3
56.4

2.276.6
2,389.2
2,412.7
2,475.9
2,541.8
2.495.1
2,437.0
2,536.0
2,564.0
2,576.1
2.591.2
2,776.9

22.7
23.0
22.6
22.8
23.1
22.5 j
22.6 I
23.0
22.7
23.2 i
23.3
22.9

102.7
104.6
105.9
109.1
110.7
109.5
108.1
111.2
112.1
112.1
111.3
120.2

| 1,249.7
1,272.7
!
1,308.5
1,281.5
i 1,337.6
j 1,312.0
1,318.1
1,348.9
' 1,372.6
, 1,374.7
t 1,367.1
i 1,403.5

26.8
27.0
26.5
27.1
26.1
26.1
26.3
26,5
26.5
26.4
26.2
26.4

47.6 I
47.3
48.9
47.8 I
50.4

6,343.9 !

112.2
113.2
111.4
112.9
112.5
111.3
112.0
112.2
112.0
113.1
112.3
112.6

3,268.4
3,318.2
3,383.7
3,347.8
3,431.0
3,406.0
3,448.1
3,500.2
3,535.2
3,543.3
3,527.3
3,567,0

89.4
90.2
88.8
90.1
89.4
88.8
89.5
89.2
89.2
89.9
89.0
89.7

37.1
36.9
37.8
37.4
38.2
38.2
38.7
39.2
39.6
39.6
39.4
39.9

2,018.8 !
2,045.4
2,075.3 ;
2.066.3 (
2.093.4 !
2,094.0 I!
2,130.0 i
2,151.3
2,162.6 :
j 2,168.6
2,160.2
|i 2.163.5 \

62.6
63,2
62.3
63,0
63.4
62.7
63.2
62.8
62.7
63.4
62.8
63.3

32.6
32.5
33.1
33.0
33.1
33.2
33.8
34.2
34.5
34.4
34.2
34.3

1967Jan...
Feb..,
Mar..
Apr..,
May. ,
June,.

6,381.8
6,337.5
6,393.2
6,560.8
6,434.7
6,572.6

113.8
114.5
115.0
114.8
116.6
115.8

56.4
55.5
55.7
57.1
55.6
56.6

2,807.7
2,745.4 f
2,794.4 !
2,886.4 !!
2.782.7
2,856.5

22.9
23.4
23.8
23.6
23.9
23.2 [

122.7
118.7
118.4
121.8
117.1
121.0

1,367.6
1,391.2
1,391.5
1,434.7
1,410.6
1,452.7

3,574.1
3,592.0
3,598.8
3,674.4
3,651.9
3,716.2

91.0
91.1
91.2
91.2
92.7
92.6

39,6 :
39.5 i
39.5
40.3
39.7
40.1

64.2
64.3
64.3
64.4
65.5
65,4

34.6
34.3
34.3
34.8
34.5
34.6

1964
1965
1966

4,639.8
5,161.6
5,933.5 j

1967
1968
1969
1970
1964Jan. .
Feb..
Mar.

Digitized for FRASER


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

6,118.5 :

'
!
i
.

.;
!
i
!'
I

26.7

26.8
26.9
26.9
27.2
27.2

j
!
i
!

50.3

50.3

51.1

51.8
52.0
51.9
53.3
:

51.4
52.0
51.8

53.3
52.2
53.4

.:
!
i
I
I
!

2,206.5 i
2,200.8
2,207.3
2,239.7
2,241.3 |
2,263.5

'

1967 July
Aug
Sept
Oct
Nov
Dec

6,696.3
6,935,7
6,813.4
6 955 5
7,056.6 i
7,095.0

119.7
118.4
119.2
120 9
119.9
123.2

56.9
58.3
57.3
57.9
58.6
58.4

2,916.1
3,070.0
2,966.3
3 080 3
3,127.3
3,134.1

24.4
24.2
24.5
25 1
24 8 1
26.1

122.3
126.3
121.8
124 2
125.5
123.2

, 508 . 6
,532.6
,510.8
,511 7
,537.7
,547.2

28.5
27.7
27.9
28 1
28 0
28.5

54.2
54.6
54 3
54 0
54 8
54.8

3 780.2
3,865.6
3 847.1
3 875 1
3 929 3
3 960.9

95.2
94.2
94.7
95 8
95 1
97.1

40.3
40.8
40.7
40 7
41 2 I
41.2 1

2,271.6
2,333.0
2 336.3
2 363 4
2 391*6
2 413.7

66.8
66.5
66 8
67 8
67 1
68 6

34.4
35.0
35.1
35 1
35 5
35.6

1968 Jan
Feb
Mar
Apr
May
June . . . .
July
Aufi
Sept
Oct
Nov
Dec

7,376.8
7,268.2
7,332.6
7,440.6
7 741 4
7 923 6
8,193.0
8 494 1
8,367.1
8 543 8
8,578 9
8,726.3

122.1
121.7
123.1
125.4
126 2
127.4
127 .4
127 9
131.5
130 1
131.7
133.1

60.1
59.6
59.9
59.9
61 5
62.5
64.3
66 5
64.5
65 3
65.5
65.9

3,317.6
3,213.2
3,266.5
3,223.4
3 457 0
3 627 8
3,800.3
4 079 6
3,870.2
3 907 7
3 918 0
3,989.7

25.6
25.2
25,4
25.9
26 3
26.9
26.6
26 3
28.0
27 6
27 7
28.1

128.3
126.5
129.0
125.6
132 5
136.5
142.2
154 2
142.4
140 6
141.8
143,1

,594.4
,583.5
,619.6
,686.9
,717 6
,725.7
,769.3
,778 6
,822.0
878 2
,902 9
,929.4

28.3
28.3
28,7
29.3
29 5
29 6
29.7
29 8
30.2
30 1
30 5
30.7

56 1
56.0
56.9
58.2
58 5
58 4
59.6
59 7
60 7
62 3
62 8
63.1

4 059 1
4,055.0
4,066.1
4 217 3
4 284 4
4 295 9
4,392.7
4 414 5
4 496 9
4 636 1
4 660 9
4,736.5

96.5
96.5
97.7
99.4
100 0
100 5
100.8
101 5
103 5
102 6
104 0
105.1

41.9
42.0
41.9
42.8
43 0
42 9
43.6
43 6
43*9
45 0
45 1
45.3

2 464 8
2,471.4
2,446.5
2 530 3
2 566 9
2 570 1
2,623.4
2 635 9
2 674 9
2 757 9
2 758 0
2,807.1

68 1
68.3
69.0
70 2
70 5
70 9
71.1
71 7
73 3
72 5
73 5
74.4

36 1
36.2
35.6
36 4
36 5
36 4
37.0
36 9
36 9
37 8
37 8
38.0

1969 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

8,770.2
8 881 4
8 838 4
8,847.3
9,195.5
9,354.8
9,186.3
9,270.7
9,566.8
9 495 4
9 608.7
9,568.4

132.6
132 4
132.8
134.1
134.3
136.3
134.9
134.5
135.1
134 9
136.1
138.1

66.0
67 0
66.7
66,3
68.5
69.2
67.8
68.8
71.0
70.3
70.9
69.8

3,943.0
3 966 5
3 947.2
3,922.7
4,141.5
4,178.4
3,984.0
4,008.6
4,201.6
4 103.4
4,248.7
4,137.9

27.8
27 4
27 8
28.2
27.9
28,3
28.3
28.2
27.9
27 8
28.2
28.9

141.1
143 7
143 '2
140.2
147.8
148.9
140.9
141.9
149.7
147 3
151.8
145.1

1,993.0
2 035 7
1,996 8
1,993.3
2,059.0
2,136.1
2,132.5
2,181.0
2,218.7
2,229 3
2,228.5
2,254.9

30.6
30 7
30 6
30.7
31,2
31 3
30.8
30.7
31.0
31 1
31.5
31.9

65.1
66 5
65 2
65.0
66.5
68 4
68.8
71.0
71.9
71 8
71,2
71.1

4,827.2
4 914 9
4*891 2
4,924.6
5,054.0
5 176 3
5,202.3
5,262.1
5 365 2
5 392 0
5 360 0
5,430.5

104.7
105 0
105 1
105.9
106.4
108 0
106.6
106.2
107.2
107 1
107.9
109.2

46.0
46 9
46' 6
46.7
47.6
48 3
48.5
49.5
50 3
50 3
49 8
50.0

2,834.2
2 879 2
2 894 3
2,931.3
2,995.0
3 040 3
3, 069^8
3,081.1
3 146 4
3 162 8
3 131 5
3 175 7

74.2
74 4
74 5
75.2
75.2
76 7
75.8
75.6
76 2
76 0
76 5
77,3

38.1
38 8
38 9
39.2
39.8
40 0
40.3
40.7
41 5
41 6
41 1
41 3

1970Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

9,533.3
9,837.5
9,936.2
10,139.6
10,177.3
9 966 6
10,209.3
10,345.1
10,419.3
10,596.9
10,643.6
10,849.7

136.2
137.6
142.7
137.1
135.6
138 6
138.4
141.5
140.2
137.9
143.1
139.0

69.5
71.9
70.9
72.5
74.6
72 7
73.7
73.9
74.0
76.2
75.7
76.9

4,067.8
4,268.8
4,347.7
4,456.8
4,390.6
4 296 8
4,447.8
4,581.8
4,641.0
4,786.1
4,829.7
4,933.9

28.6
29.4
30.8
28.8
28.1
29 3
29.2
29.2
28.7
27.4
30.6
27.8

141.6
147.2
144.3
149.4
154.4
149 8
152.0
156.8
160.3
170.9
166.8
169.2

2,277.7
2,311.6
2,341.5
2,385.5
2,464.4
2 389 4
2,412.1
2,430.8
2,427.1
2,454.7
2,442.6
2,486.7

31.4
31.2
32.6
31.4
30.8
31 3
31.5
32.5
32.0
31.9
32.3
31.8

71.9
73.8
73.3
74.5
79.3
76 9
76.8
76.0
75.3
76.8
76.1
77.6

5,465.5
5,568.7
5 588 5
5,682.9
5,786.7
5 669 8
5,761.4
5 763.3
5,778.3
5 810 8
5,813.8
5,915.7

107.6
108.1
111 9
108.3
107.6
109 3
109.2
112.2
111.5
110,6
112.5
111.2

50.4
51.6
50 8
51.6
53.6
52 3
52,7
52 0
51.7
52 3
52.1
52.9

3,187.8
3,257.2
3 247 0
3,297.4
3,322.3
3 280 4
3,349.3
3 332 5
3,351.2
3 356 1
3,371 3
3,429.0

76.2 |
76.9
79 2
76.9
76.8
78 0
77.7
79 7
79.5
78 7
80.3
79.4

41.5
42.5
41 6
42.2
43.2
42 4
43.0
42 3
42.1
42 4
42 4
43.0

Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach Standard Metropolitan Statistical Areas.

Digitized for FRASER


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

5.2

BANK DEBITS, DEPOSITS, AND DEPOSIT TURNOVER, 1964-70Continued

B. ANNUALLY AND MONTHLY, NOT SEASONALLY ADJUSTED


[Debits and deposits in millions of dollars; turnover in per cent]
Leading SMSA's

233 SMSA's
6 others1

New York

Period
Debits
(total for
period)

Deposits
(end of
period)

Turnover
(annual
rate)

Debits
(total for
period)

Deposits
(end of
period)

Turnover
(annual
rate)

Debits
(total for
period)

232 SMSA's
(excluding New York)

226 other SMSA's

C/3

Turnover
(annual
rate)

Deposits
(end of
period)

Debits
(total for
period)

Deposits
(end of
period)

Turnover
(annual
rate)

Debits
(total for
period)

Deposits
(end of
period)

Turnover
(annual
rate)

!i

N)

1964
1965
1966

4,639,767
5,161,641
5,933,541

113,632
115,242
122,429

44.6 1,925,341
48.1 2,138,489!
52.6 2,502,238

23,838
23,957
25,495

89.5
98.8
109.0

1967
1968 .
1969
1970 . .

6,665,459
8,009,620
9,223,479
(0,237,181

134,445
145,777
151,448
152,520

56.5
62.0
68.0
72.9

2,921,183
3,635,1641
4,068,557
4,517,715

29,275
31,644
32,694
31,511

120.3 1,462,169
135.5 1,755,916
143.6 2,123,639
154.4 2,404,005

30,889
33,380
34,835
34,762

1,030,654
1,140,896
1,326,100

26,830'
27,537s
28,549!

32.9 1,683,772
35.3 1,882,256
38.2 2,105,203

62,964
63,748"
68,385

29.2
31.2
33.3

105,170
114,133
118,754
121,010

39. 9 i
42.7
48.0!
51.5

2,282,106
2,618,539
3,031,283
3,315,461

74,281
80,753
83,919
86,248

34.5
36.0
39.8
41.9

41.4 2,714,426
44.7 3,023,151
9.9 3,431,303

89,794
91,285
96,934

52.9
59.2
68.1
75.2

3,744,275
4,374,455
5,154,922
5,719,466

1964 Jan.
Feb
Mar
Apr
May
June. . . .
July
Aug
Sept
Get
Nov
Dec. . .

404,528
330,803
384,020
392,113
369 , 592
396,274
406,898
358,008
380,066 !
396,524
373,596
447,346

102,834
100,286
100,954
102,855
98,049
102,688
102,129
101,646
104,048
105,724
107,539
113,632

45.7
39.1
45.8
46.2
44.2
47.4
47.7
42.2
44.4
45.4
42.0
48.5

170,918;
134,542
161,392
164,030
150,320
167,727
171,341
142,445
157,905
162,096
150,871
191,754

21,455
20,838
21,228
21,933
19,703
21,264
20,748
20,440
21,373
21,452
21,843
23,838

91.2
76.4
92.1
91.2
86.7
98.3
97.9
83.0
90.6
90.8
83.6
100.7

89,498
74,268
86,432
89,028
84,043
86,821
89,494
80,881
83,374
88,350
82,118
96,347

24,610 !
24,145
23,588
24,507
23,527!'
24,569'i
24,5311
24,365!
24,766
25,657;
26,058?
26,830

42.3
36.6
43,5
44.4
42.0
43.3
43.7
39.7
40.7
42.1
38.1
43.7

233,609
196,261
222,628
228,083
219,272
228,547
235,557
215,563
222,160
234,428
222,726
255,593

81,379
79,448
79,726
80,922
78,346
81,424
81.381
81,205
82,676
84,272
85,696
89,794

33.5
29.3
33.6
34.1
33.0
34.3
34.7
31.8
32.5
33.7
31.5
35.0

144,111
121,994
136,196
139,055
135,229
141,726
146,063
134,681
138,786
146,078
140,608
159,246

56,769
55,303
56,138
56,416
54,8191
56,855!
56,851!
56,8401
57,910
58,615
59,637
62,964

29.7
26.1
29.3
29.7
29.2
30.5
30.8
28.4
29.0
30.1
28.5
31.2

1965 J a n . . . . . .
Feb
Mar
Apr,
May
June. . . .
July.....
Auti.
Sept
Get
Nov
Dee.

411,565
364,396
449,181
431,373
400,915
463,727
431,792
409,609
418,622
420,859
44 1 , 650
517,953

106,240
104,409
103,428
105,653
102,892
106,234
105,299
104,627
106,864
109,285
110,498
115,242

44.9
41.5
51.9
49.5
46.1
53.2
49.0
46.8
47.5
46.7
48.2
55.1

173,347
150,104
190,946
180,172,
163,778'
202,630!
181,270
160,991
171,118 s
169,171
176,264
21 8 , 698

21,613
21,367
21,360
21,613
20,440
21,75!
20,700
20,178
21,334
21,620
21 ,6H6
23,957

91.5
83.8
107.3
100.6
93.5
115.3
102.5
94.5
98.9
94.5
97.7
115.0

89,749
80,597
99,755
96,747
89,639
99,052
93,523
92,113
92,325
94,000
99,897
113,499

25,157
24,646
23,776
25,143
24,564
25,276
25,312
25,352
25,496!
26,194
26,434
27,537

41.4
38.8
49.4
47.5
43.3
47.7
44.4
43.6
43.6
43.6
45.6
50.5

238,218
214,292
258,235
251,200
237,137
261,097
250,522
248,618
247,503
251,688
265,386
299,255

84,627
83,042
82,068
84,039
82,452
84,484
84,599
84,449
85,530
87 , 666
88,812
91,285

32.8
30.7
37.5
36.3
34.2
37.5
35.6
35.3
35.0
34. 9 j!
36.1
39.9

148,470
133,695
158,480
154,453
147,498
162,045
156,999
156,505
155,179
157,688
165,488
185,756

59,469
58,396
58,292
58,896
57,888
59,208
59,287
59,096
60,034
61,472
62,378
63,748

29.1
27.2
32.6
31.6
30.3
33.2
31.8
31.7
31.2
31.2
32.1
35.4

1966- -Jim.
Fob
Mar
Apr.. . .
May. . . .
June. . . .
July.....
Aug.. . . .
Sept.. . .
Oct.
Nov. . . . .
Dec.. . . .

474,162
422,325
518,849
483,142
489,514
521,417
472,524
497,194
494,475
492,857
489,490
577,591

113,199
112,441
109,305
112,603
1 09 , 892
111,624
110,181
108,894
111,039
113,718
113,084
122,429

49.8
44.9
56.2
52.3
52.8
56.5
51.1
54.5
54. 0
52.6
51.8
5B.9

199,250
175,981
221,893
206,069
205,914
225,018
191,302
202,457
207,094
204,001
199,978
263,281

22,998
22,869
22,543
22,938
22,428
22,974
21,771
21,789
22, 4 H)
23,252
23,088
25,495

101.8
92.1
117.3
108.7
108.9
119.0
102.6
111.6
112.5
107.2
103.6
130.1

104,277
93,921
117,358
107,339
110,497
115,311
107,440
112,596
110,901
111,259
111,338
123,864

26,917
26,929
25,384
27,110
25,473
26,119
26,018
25,884
26,366
26,745
26,670
28,549

46.0
41.9
53.8
49.1
50.4
53.6
49.5
52.1
50.9
50.3
50.0
53. B

274,911
246,344
296,956
277 , 074
283,601
296,398
281,221
294,736
287,381
288,856
289,513
314,310

90,200
89,572
86,762
89,665
87,464
88,650
88,410
87,105
88,629
90,466
89,996
96,934

36. 4
32.9
40.4
37.7
38.4
40.4
38.1
40.3
39.3
38.7
38.5
40.4

170,634
152,423
179,598
169,735
173,103
181,087
173,782
182,140
176,480
177,598
178,175
190,447

63,284
62,642
61,378
62,555
61,991
62,531
62,391
61,222
62,264
63,721
63,326
68,385

32.2
29.1
34.8
32.9
33.4
34.9
33.4
35.4
34.3
33.8
33.7
34.7

1967- J a n . . . . . .
Feb. ....
Mar
Apr
May. . . .
June. . . .

561,739
468,016
572,529
525,080
544,953
580,041

114,508
113,400
II2,H03
114,406
113,921
116,592

56.9
49.3
61). 7
55.5
57.3
60.4

251,774
201,617
256,589
231,304
233,085
256,468

23,106
23,202
23,711
23,656
23,263
23,944

124.3
104.5
131.3
117,2
119.2
130.4

117,360
102,521
124,483
116^271
120;677
127,175

26,673
26,664
25,754
26,865
26,618
27,315

51.0
46.1
57.0
53.0
54.2
56.6

309,965
266,399
315,940
293,776
311, 868
323,573

91 ,402
90,198
89,092
90,749
90,658
92,648

39.5
35.2
42.3
39.2
41.3
42.4

192,605
163,879
191,457
177,505
191,191
196,398

64,729
63,535
63,338
63,884
64,041
65,333

34.7
30.7
36.2
33.5
35.9
36.4

Digitized for FRASER


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

Oi

J 967 July
Aug
Sept
Oct
Nov
Dec

542,175
572,528
531,078
579 , 365
569 , 529
619,610

117,486
114,831
118,296
121,217
120,616
134,445

55.6
59.2
54.7
58.1
56.5
58.3

231,640
248,347
227,908
252,623
248,039
281,789

23,549
22,941
24,176
25,014
24,387
29,275

117.1
128.2
116.1
123 3
120.5
126.0

123,338
128,444
118,181
126,406
125,477
131,836

28,079
27,075
27,786
28 331
28,511
30,889

53.4
55.9
51.7
54 1
53.0
53.3

310,535
324,181
303,170
326 742
321,489
337,821

93,937
91,890
94,120
96 202
96,229
105,170

39.9
41.9
39.1
41 2
40.1
40.3

187,197
195,737
184,989
200 336
196,012
205,985

65,858
64,816
66,334
67 871
67,718
74,281

34.3
36.0
33.9
35 8
34.7
34.8

1968 Jan
Feb
Mar
Apr
May
June. . . .
July
Aug
Sept
Oct
Nov
Dec. . . ,

669 , 540
564 , 870
606,272
640,857
656,891
647,200
704,780
664,824
661,778
739,449
660,363
792,707

127,318
120,414
120,950
124,750
123,365
128,710
125,057
123,916
130,517
130,113
132,534
145,777

61.4
54.7
60.3
62.6
63.6
61.6
66.7
64.1
62.4
68.1
60.3
68 4

305,769
250,752
273 , 362
280,110
290,937
296,609
320,157
305,969
306,067
334,975
293,513
376 943

25,765
24,949
25,303
25,937
25,493
27,884
25,673
24,837
27,545
27,431
27,124
31 644

133.3
118 7
130.6
131.2
135.8
133.4
143.5
145.4
140.2
146.2
129.1
153 9

141,568
122 411
134,140
145,081
147,640
141,869
154,972
144,180
142,992
164,156
148,275
168 633

28,106
28 066
27,514
29,205
28,950
29,811
29,278
29,170
30,070
30,266
31,122
33 380

57.6
52 3
57.9
61.4
60.9
57.9
62.9
59.2
57.9
65.3
58.0
62 8

363,771
314 118
332,910
360,747
366,043
350,591
384,623
358,855
355,710
404,474
366,850
415 764

101,554
95 465
95,647
98,814
97,872
100,826
99,383
99,079
102,972
102,682
105,410
114 133

42.2
38 3
41.8
44.5
44.7
42.4
46.1
43.4
42.3
47.2
42.3
45 5

222,204
191 707
198,770
215,665
218,404
208,722
229,650
214,675
212,719
240,318
218,574
247 131

73,448
67 399
68,132
69,609
68,922
71,015
70,106
69,909
72,902
72,416
74,288
80 753

36.1
32 7
35.2
37.6
37.8
35.8
39.1
36.8
35.8
39.7
35.8
38 3

1969 Jan
Feb
Mar
Apr
May
June. . . .
July
Aug
Sept
Oct
Nov
Dec

796,444
655,378
736,281
758,462
753,005
799,478
791,170
714,650
781,142
827,859
713,632
896,056

132,566
130,704
130,730
133,354
131,246
138,219
132,119
130,492
134,079
134,537
136,966
151,448

68.7
59.8
67.6
68.9
68.3
71.2
70.2
65.3
70.9
74 0
63.1
74.6

363,049
290,785
336,773
335,319
336,022
359 , 797
335,844
300,746
344,113
354 133
308,09^
403,881

27,970
27,056
27,634
28,182
27,037
29,530
27,314
26,855
27,395
27 567
27,476
32,694

146.2
126.8
147.8
144.2
146.1
152.7
141.8
133.3
152.2
154 6
134.3
161.1

178,097
149,994
164,345
173,207
170,432
182,092
188,139
170,817
178,971
196 280
167,434
203,831

30,180
30,415
29,399
30,589
30,699
31,582
30,235
30,005
30,832
31 225
32,135
34,835

67.3
59.4
65.9
69.3
66.7
70.2
73.0
68.1
70.6
75 9
63 '.4
73.1

433,394
364,593
399,508
423,143
416,984
439,681
455,326
413,904
437,029
473 726
405,537
492,174

104,596
103,648
103,097
105,172
104,209
108,690
104,805
103,637
106,684
106 970
109 ',490
118,754

47.6
42.0
46.4
48.8
47.8
49.6
51.2
47.7
49.9
53 2
45.0
51.8

255,297
214,598
235,164
249,936
246,552
257,590
267,187
243,087
258,058
277 446 1
238,103
288,343

74,415
73,232
73,697
74,583
73,510
77,107
74,570
73,632
75,852
75 745
77,356
83,919

39.5
34.9
38.4
40.5
40.0
41.1
42.3
39.4
41.4
43 9
37.3
42.9

1970Jan
Feb
Mar
Apr. . . .
May
June. . . .
July
Aug
Sept
Oct
Nov
Dec

831,355
726,232
853,126
880,487
799,637
877,282
883,270
803,553
846,765
892,367
826,220
1 016 887

135,885
135,757
140,650
136,350
132,518
140,940
135,494
137,226
138,040
137,253
143,830
152 520

69.4
64.2
74.1
76 3
71.4
77.0
76.7
70.7
73.8
77.8
70.6
82 4

358,842
313,156
383,119
390 135
336,840
380,277
376,257
350,919
375,544
399,380
370,675
482 571

28,652
29,070
30,704
28 821
27,197
30,705
28,204
27,855
28,135
27,050
29,715
31 511

140.4
130.2
153.8
157 3
144.3
157.6
153.3
150.2
161.0
173.7
156.7
189 2

195,528
170,403
198,099
208 944
196,848
210,032
213,714
190,008
197,366
208,354
189,168
225 543

30,926
30,937
31,435
31 160
30,373
31,702
30,936
31,735
31,815
31,984
32,988
34 762

71.4
66.1
76.2
80 1
76.8
81.2
81.9
72.8
74.5
78.4
69.9
79 9

472,513
413,075
470,008
490 352
462,798
497,005
507,013
452 , 634
471,220
492,987
455,546
534 316

107,233
106,687
109,946
107 529
105]321
110,235
107,289
109,371
109,905
110,203
114,115
121 010

50.2
46.3
52.1
54 i
52.2
55.3
55.9
50.1
51.6
53.8
48.7
54 5

276,984
242,672
271,909
281 408
265,950
286,973
293,299
262,626
273,855
284,633
266,378
308 774

76,307
75,750
78,511
76 369
74! 948
78,533
76,353
77,637
78,089
78,219
81,127
86 248

41.5
38.3
42.3
43 6
42.2
44.9
45.5
40.9
42.2
43.7
40.1
44 3

Digitized for FRASER


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

a
m
CD

5.3

BANK DEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, AT ALL REPORTING CENTERS, BY
FEDERAL RESERVE DISTRICT, ANNUALLY, 1943-70
[In millions of dollars]
All
districts

Year

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

'

Chicago

'

St. Louis

Minneapolis

Kansas
City

Dallas

FrancLo

757,356
848 , 561

37,578
39,942

303,648
351,956

35,560
38,361

51,026
55 276

27,977
30 103

25,477
28 981

122,290
136 425

22,450
24,361

15,647
16,154

28,713
30,784

20,787
23,431

66,203
72,787

924,464
,017,084
,103,720
,227,476
206 293

41,168
44,114
47 633
51,089
49 656

408 , 284
434,689
429 631
477,707
479 238

40 599
44,921
48 108
54,107
52 098

56 161
61,589
72 480
82,181
79 090

32 268
37 , 499
41 849
46,431
46 343

30 809
36,769
41 523
46,330
46 471

135 686
147,594
176 459
194,020
184 827

25,463
29 , 209
34 434
38,296
37 393

17,219
20,443
25,237
27,644
25 810

32,239
35,521
44,559
50,839
48 , 787

25,494
30,947
37 454
44,632
44 356

79,074
93,789
104,353
114,200
112,224

1950
1951
1952
1953
1954

,380,112
,542,554
,642,853
,759,069
,887,366

56,306
66,064
68,050
71 896
74,185

547,101
588,310
644,447
683 990
790,391

60,832
67,170
69 , 994
76 800
80,383

91,608
110,158
115,311
123 016 I
122,786

52,796
61,173
64,255
68 474
70,197

53,808
60,940
65 , 667
70 731
74,172

212,036
238 , 728
246,959
273 700
273,014

42,583
47,139
48,786
52 064
52,833

28 , 732
31,652
32,134
33,009
34,048

55,499
63,943
66,032
68,736
72,099

53,328
61,772
66,906
71,142
74,668

1955
1956
1957
1958
1959

2,043,548
2,200,643
2,356,768
2 , 439 , 754
2,679,167

80,375
88,927
93,988
94,923
104,331

822,767
876,131
951,214
,021,631
,092,272

85,741
92,584
95,968
99 , 543
110,056

139,092
154,885
163,632
1 55 , 602
173,230

78,528
84 , 464
89,620
90 , 806
103,601

84,340
92,395
100,210
104,101
120,083

306,693
327,335
346,356
341,859
383,300

57,367
61,528
63,520
63 , 594
69 , 629

36,611
39,169
41,311
43,403
47,202

79,133
83,706
90,727
94,509
102,932

'
83,879
91,554
96,924
99,363
110,442 I

125,483
145,505
154,311
165,510
168,590
189,021
207,966
223, 30D
230,421
262,090

1960
1961
1962
1963
1 964 (Old series).

2,838,754
3,111,133
3,436,386
3,754,651
4,140,659

109,015
117,985
128,402
142,361
150,677

,174,042
,355,305
,496,576
,643,634
,834,805

114,146
128,087
143,636
153,152
162,544

181,967
184,533
201,580
219,778
244,914

107,614
113,086
125,417
136,206
151,546

123,885
126,956
138,396
151,473
164,315

408,315
424,701
472,865
513,740
573,407

72,599
76,453
81,445
91,916
99,977

49,626
52,693
56,449
62,646
68,315

106,255
113,771
121,134
125,825
132,851

114,669
121,246
133,638
139,594
151,663

276,620
296,318
336,848
374,326
405,644

1964 (New series] 4,639,767


1965.
5,161,641
1966
5 933 541
1967
6,665,459
1968
8 009 620
1 969 . . ,
9,223,479
1970
10 237 181

169,258
195,619
227 013
257,775
320 016
372 543
398 504

2,053,873
2 288 634
2 671 317
3 102 203
3 840 745
4,301 081
4 762 010

191,430
220 116
253 681
270 207
310 544
365 198
414 012

257,041
281 125
313 947
337 082
380 863
444 596
484 681

169,853
193 067
207 369
220 603
254 030
292 211
331 356

195,568
221,201
242 693
268 645
308 804
352 631
386 161

624,130
698 , 948
805 104
879,986
1 028 658
1 211 570
1 371 048

117,968
133,010
149 312
163,646
183 413
203,103
233 603

65,402
73 , 260
88,429
101,321
122 678
152,818
165 320

126,532
137,679
1 54 , 1 66
165,288
189,755
216,189
234 101

165,852
183,636
204,366
226,723
264,376 i
313,570 '
341,602

1943
1944
1945
1946
1947
1948
1949

. ,

Digitized for FRASER


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

502,862
535,346
616,144
671,980
805,738
997,969
1,114,783

o
en

BANK DEBITS
5.4 BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER
OR SMSA, ANNUALLY, 1941-70
A.

REPORTING CENTERSDEBITS TO DEPOSIT ACCOUNTS EXCEPT INTERBANK, 1941-52


[In millions of dollars]

District and center

1 94 1

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

Boston District
Connecticut
Hartford (1919)
New Haven (1919- '48)
New London (1943)
Waterbury (1919)
Maine
Bangor (1919)
. .
Lewiston-Auburn (1943)
Portland (1920)

3 346
1 173

4 371
1 303

490

553

5 071
1*506
180
632

5 221
1 565
202
688

4 728
1,630
210
627

4 544
1 826
229
645

5 214
2,011
236
702

5 444
2,317
266
765

5 659
2 158
258
687

6 566
2 602
295
794

8 224
3 065
384
964

9 296
3 156
426
I 041

218

236

562

978

260
181
1 076

301
193
868

345
206
828

441
268
903

487
321
979

526
337
1 012

501
324
927

528
352
1 016

602
373
1 090

640
383
1 204

18 192
253
287
182

19 941
278
3?3
213

22,627
277
346
235

24,421
298
369
239

26,596
368
404
275

26 537
414
497
403

27,941
434
547
354

29,492
456
579
388

28 597
493
533
370

32 625
564
603
428

37 889
623
668
469

37 593
646
658
471

203
276
294

234
302
327

971
898

1 244
1 ,027

256
315
367
220
1 736
1,154

306
343
394
241
1 539
1,163

312
356
435
273
1 503
1,235

336
457
533
312
1 623
1 384

332
480
581
359
1,836
1,504

365
512
625
408
2,001
1,664

350
582
576
384
1 841
1,599

420
641
661
422
2 163
1,832

467
623
728
479
2,438
2,208

473
607
730
519
2 554
2,52!

New Hampshire
Concord (1943)
Manchester (1921)

245

265

179
272

184
306

200
346

242
449

264
497

286
563

290
547

310
613

338
706

366
741

Rhode Island
Providence (1919)

2 316

2 791

2 969

3 171

3 384

3 634

3,950

4,047

3 841

4 591

5,210

5 439

Massachusetts
Boston (1919)
Brockton (1923; '63)
Fall River (19(9) .
Holyoke (1919- '47; '62)
Lawrence (1952' '58)
Lowell (1919- '59) . . .
Lynn (1922)
New Bedford (1919)
Pittsfield (1943- '62)
Springfield (1919- '62)
Worcester (1919)

....
. . .

Vermont
Burlington (1934) . .
Fota 1, all centers

163

155

177

195

212

272

326

334

318

354

375

405

30 069

34 541

40,036

42,206

44 476

45 948

49,356

52,388

50 838

58 379

67,925

69,867

302

325

1,428
364

1,480
403

1,334
424

1,475
512

1,617
571

1,776
676

1,559
681

1,793
765

2,219
909

2,469
995

2,150
195
4,760
523

2 269
195
5 639
669

2,420
207
6,714
664
961

2,632
217
7,505
682
1,103

2 772
252
7 691
696
1,164

3 082
298
7 622
825
1,386

3,263
307
8,283
946
1,468

3,531
343
9,230
1 071
1,508

3 441
364
8 980
1 054
1,557

3 689
456
10 386
1 343
1,847

553
1 1 ,954
1,526
2,051

4,iii

4,448
613
12,570
I 598
2,023

4 350
6,238
4,950
6473
3 236
3 630
617
688
699
722
476
512
5,310
6,315
6,838
6,400
4,903
4,996
360
369
382
372
385
392
406
335
449
391
294
295
345,585 404,543 417,475 405,929 449,002 452,897
337
413
451
471
301
299
3,205
3,462
3,915
3,702
2,714
2,866
930
930
707
769
641
632
2,399
2,717
2,464
2 066
I 504
1,672
720
823
903
868
588
618

7 284
766
7,366
407
443
513,970
530
4,100
965
2,924
988

7,438
833
8,727
526
542
551,889
602
4,791
1,120
3,404
1,152

8,499
909
9,198
609
544
615,670
678
5,224
1,145
3,641
1,175

560,022

604,448

672,009

New York District


Connecticut
Bridgeport (1943)
Stamford (1923- '58). .
New Jersey
Elizabeth (1952- '58' '63)
Jersey City (1923- "61)'
Montclair(1923; '51)
Newark (1923' '61)...
Passaic (1919- '49)2 2
Paterson (1943- '59)
New York
Albany (1919) 3
Binghamton (1919). .
Buffalo (1919)
....
Elmira (1923)
Jamestown ( 1 923)
New York' (19 19' '43)
Poughkeep'sie (1924)
Rochester (1919)
Schenectady (1943). . .
Syracuse (1919)
Utica (1933)

....

"Total, all centers

3 099
3 013
3 110
327
369
298
4,770
4 052
3,562
314
358
229
277
233
210
197,724 210,961 296,368
229
268
210
1,999
2,525
1,773
560
1 461
1 384
1 249
533
570
454
216 652

232 240

323 382

374 734 434,702

1
2
3

Formerly called "Northern New Jersey Clearing House Association."


Passaic and Paterson combined into one center beginning with 1955.
Albany omitted from series beginning in 1953.
For NOTE see last page of Part A of this table.

Digitized for FRASER


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

345

450 682

442,979

490,660

493,327

BANK DEBITS
5.4 BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER
OR SMSA, ANNUALLY, 1941-70Contmued
A.

REPORTING CENTERSDEBITS TO DEPOSIT ACCOUNTS EXCEPT INTERBANK, 1941-52Continued


[In millions of dollars]

1941

District and center

1942

1943

1944

1945

1946

1947

1948

1950

1949

;; 1951 ,

1952

Philadelphia District
Delaware
Wilmington (1919)

....

New Jersey
Atlantic City (1943 '61}
Camden (1923)
Trenton (1919)

1,834

2,155

2,413

2,433

2,690

2,867

3,332

3 ,292'

3,949''

4.555;

4,953

786
1J13

932
1,203

273
996
1,244

331
1,054
1,426

425
1 ,042
1,548

583
1,226
!,699

601
t ,306
1,803

616
1,438
2,019

607
1.4172,065.

677 :
l,678;i
2,276''

765
1,858
2,537;

774
1,980
2,629

388
152

401
148

251
580
142
247
363
108
157
21,461
571
594
332
182
382

355
665
150
260
413
117
169
21,945
546
631
358
237
453

459
154
320
492
769
165
259
471
140
185
26,308
619
672
415
245
515

521
188
315
549
808
189
292
617
147
193
28,288
691
827
476
218
593

560
228
312
486
820
203
313
563
162
213
30,074
723
831
512
224
658

683
298
322
426
959!
27li
373
663
186
271
32.139
86E
978
612
252
733

771
318
355
443
1 ,098
308
451
763
206
305
33,226
1,013
1,035
701
296
829

975
350
399
503
1,231
350
520
789
233
343
37,384
1 ,064
1,122
793
326
923

862
333
39?:
,106
1,255'
337
488
760!
219!
337
35, 9 32 i
1,084
1,0821
7531
312.
832,

1,013,
1,125
371?
424
491'
657
517:
602
l.354!l:i
1,708
365
369
542
60*)
895
962
231!
270
386;
431
42, 607 1 46,546
1,235'
1,353;:
1,248,
1,368'
768!:
870
355]
4l2j
915]
972;;

1,155
431
605
671
1,825
372
593
1,004
282
463
48,413
1,359
1,384
904
440
1,046

29,552

30,815

36,855

40,137

42,331

46,233

48,694

54,710

52,871 !

61,873

68,394

11,283

322

364

275
399

299
451

328
606

405
703

428
795

476
858

459
177.

518
916

359'
980

587
985

1,202
657
5,404
10,183
2,686
1,180
189
218
8!

1,570
775
6,284
1 1 ,852
2,998
1,382
219
280
82

2,110
886
6,994
14,230
3,519
1,694
243
292
88
217
241
124
382
153
2,835
287
992
154

2,237
994
7,556
16,251
3,858
1,751
253
334
107
262
241
142
395
168
3,243
297
1,062
157

2,352
981
7,842
16,287
4,230
1 ,800
281
345
116
285
243
158
395
19?
2,979
291
1,093
177

2,592
1 ,020
$,53?
16,908
4,830
2,154
323
398
154
345
316
194
447
225
3,716
338
1,241
238

2,711
1 ,200
9,789
39,203
5,428
2,624
401
473
200
432
354
233
504
248
4,337
407
1,635
280

2,779
1 ,379
10,809
21,953
6,541
2,781
461
520
230
504
398
257
549
286
4,422
454
1,862
322

2,722
1,261
10,187
20,965'
6,572'
2,640
448
501
209
480
388
237
533
255;
4,03 1
436
1,745
307

223
772
74
150
60
187
16,277
204

253
742
75
157
63
192
15,930
210

283
821

190
79
209
16,828
233

336
962
80
218
81
227
19,82!
281

382
1,087
87
258
.... .
246
'23,328
332

347
1,005
81;
242

162
13,127
169

189
731
64
130
57
188
15,105
183

2J8
23,350
313

409

391

477

529

553

606

657

714

731

39,008

45,064

53,238

58,536

59,161

64,415

74,351

84,274

81,440

1,738
1

Pennsylvania
AHentown (1923' '61)
Altoomi (1919)
Bethlehem ( 1 943 61)
Chester (1919 '62)
Harrisburg (1919 '63 "64)
Ha/,leton(1923; '64)
Johnstown (1919)
Lancaster (1919)
Lebanon (1923)
Norristown (1923- '61 '62)
Philadelphia (1919)
Reading (1919- '61)
Scranton (1919- '64)
Wilkes-Barre (1919)
Williamsport (1919)
.
York (1919 '64)

....

Total all centers


Cleveland District
Kentucky
CovingtotvNewport ( 1 941)
Lexington (1919)
Ohio
Akron (1919)
Canton (1923)
Cincinnati (1919)
Cleveland (1919)
Columbus (1919),,
Dayton (1919)
Hamilton (1928)
Lima (1921)
Lorain (1923)
Mansfield (1943)
Micldletown ( 1 923)
Portsmouth (1943)
Springfield (1919)
Stcubcnvilte (1924)
Toledo (1919 '44)
Warren (1923)
Youngstown (1919)
Xanesville (1923)
Pennsylvania
Butler (1923)
Erie (1919)
. ..
Franklin (1928)
Greensburg (1919)1
Homestead (1923)
Oil City (1919)
Pittsburgh (1919)
Sharon (1942) .
West Virginia
Wheeling* (1919)
Total all centers

...

...

....

197|;

224

270
143
2,071
204
819
129

310
143
2,469
253
882
137

156
486
51
114
57
145
11,635

161
592
57
125
57

385
1,156!
H7"
270

453
1,386
96
310

490
1,431
94
307

228
245
27,856! 34,879
357|
419

247
36,718
415

For
NOTE see last page of Part A of this table.
1
Figures for Homestead combined with figures for Pittsburgh beginning with 1948.

Digitized for FRASER


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

3,165'
4,222
4,376
1,458
1,750'
1,756
11,842
13,765' 14,528
23,963. 29,847 31,161
6,922'
7,442
7,9%
3,0493,563
3,4*25
511^
608
655
586,1
712
753
220
252
265
577'
655
698
483
629
714
263
287
308
566
664
693
289;!
331
328
4,607 j
5,415
5,745
509
644;
651
2,053'
2,493
2,502
337:
375
381

346

841

940

94,013; 113,922

9)0

119,522

BANK DEBITS
5.4 BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER
OR SMSA, ANNUALLY, 1941-70Continued
A.

REPORTING CENTERSDEBITS TO DEPOSIT ACCOUNTS EXCEPT INTERBANK, 1941-52Continued


[In millions of dollars]

District and center

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

Richmond District
District of Columbia
Washington (1921)

4,299

5,087

5,545

5,896

6,711

7,470

7,916

8,774

8,945

10,702

13,015

13,013

Maryland
Baltimore (1919)
Cumberland (1923)
Frederick (1943)
Hagerstown (1923)

6,217
120

7,351
124

143

176

8,567
142
129
189

9,273
161
148
205

9,662
180
149
210

9,938
232
181
271

10,785
253
218
297

1 1 ,866
256
226
320

11,514
250
209
316

13,025
281
221
346

14,934
309
258
391

15,889
318
279
436

214
1,159
508
321

232
1,489
702
336

691
225

653
351

611

721

253
1,368
796
387
115
626
444
155
829

294
1,552
911
422
134
678
462
190
813

359
1,685
1,013
515
151
716
432
206
892

474
2,158
1,264
652
200
924
392
260
1,200

548
2,468
1,334
776
201
1,205
403
277
1,413

607
2,856
1,365
903
210
1,367
415
279
1,523

559
2,884
1,222
886
226
1,512
376
275
1,596

633
3,625
1,282
1,072
253
1,765
434
333
1,816

721
4,123
1,386
1,228
310
2,033
518
403
2,071

755
4,245
1,580
1,328
330
2,230
554
353
2,208

344
479
340
206

410
558
407
227

470
604
451
248

475
607
469
268

503
668
516
306

604
872
708
419

607
1,003
848
514

694
1,114
956
570

700
1,185
948
548

769
1,283
1,131
669

913
1,561
1,319
835

1,000
1,777
1,286
851

156
215
181
919
84
2,429
421

205
228
273
1,222
133
3,026
414

147
211
241
307
1,450
196
3,658
448

191
235
258
309
1,468
194
4,137
511

258
283
276
280
1,491
207
4,194
564

268
335
368
294
1,672
209
4,737
786

256
364
426
359
1,969
225
5,011
913

260
382
455
385
2,190
243
5,799
1,057

265
344
437
366
2,156
239
5,873
1,083

294
405
499
383
2,432
264
6,150
1,231

329
414
553
522
2,679
306
6,932
1,398

337
506
572
590
2,995
351
7,264
1,415

761

830

261

300
154

250
923
163
324
173

286
1,012
191
386
201

303
1,108
224
454
237

360
1,295
282
520
259

446
1,485
345
600
303

547
1,674
389
713
326

485
1,571
341
672
296

511
1,648
371
725
324

580
1,888
417
822
375

585
2,067
429
888
368

21,304

25,610

29,810

32,335

34,756

39,605

43,765

48,721

48,281

54,875

63,544

66,801

North Carolina
Asheville (1923)
Charlotte (1919)
Durham (1923)
Greensboro (1923)
Kinston (1943) ... .
Raleigh (19)9- '60)
Wilmington (1922- '61)
Wilson (1943- '63)
Winston-Salem (1923)
South Carolina
Charleston (1919)
Columbia (1919)
Greenville (1922)..
Spartanburg (1923)
Virginia
Charlottesville (1943)
Danville (1923' '52)
Lynchburg (1923)
Newport News (1923; '43- '59)
Norfolk (1919; '43)
Portsmouth (1929 '43)
Richmond (1919; '43; '61 ; '62). . . .
Roanoke (1923' '43)
West Virginia
Bluefield (1943)
Charleston (1923)
Clarksburg (1943)
Huntington (1921 ' '56)
Parkersburg (1942; '64)
Total all centers

For NOTE see last page of Part A of this table.

Digitized for FRASER


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

347

BANK DEBITS
5.4 BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER
OR SMSA, ANNUALLY, 1941-70Continued
A.

REPORTING CENTERSDEBITS TO DEPOSIT ACCOUNTS EXCEPT INTERBANK, 1941-52Continued


[In millions of dollars]

1941

District and center

1942

1943

1944

Alabama
Anniston (1943)
Birmingham (1919)
Dothan (1923 '59)
Gadsden (1943; '59)
Mobile (19t9)
Montgomery (1919)
Florida
Jacksonville (1919; '52; '59)
Miami (1927' '56) .
Orlando (1943- '59)
Pensaeola (1919)
St. Petersburg (1943; '59)
Tampa (1919; '48 ; '59)

Louisiana
Baton Rouge (1943- *59).
Lake Charles (1943- '61)
New Orleans (1919)
Mississippi
Hattiesburg(l927)
Jackson (1923)
Meridian (1923)
Vieksburg (1919)
Tennessee
Chattanooga (1919)
Knoxville (1919; '57)
Nashville (1919)
Total all centers

... .

1,604
55

1,893
79

1 J46

1947

1948

1949

1950

1951

1952

761
364

1 , 1 94
423

1,331
808

1 ,500
841

172
2,066
87
119
1,355
447

217
2,236
943
129'
1,417!
461

213
2,507
104
135
1,289:
503

238:
2,960
119
168^
1 ,200
690

235
3,469
130
202
1 ,466
S34

253
3,887
150
216
1 ,697
892

246
3,798
155
217
1 ,483
879

282'
4,424
18!
255j
1,584'
1,011

343 '
5,004'
224 ;
276
1,891
1,118

370
5,251
226
283
1,993
1,146

2,111
1,5191
333
285J
290
947

2,183
1,746
400
328
372
972

2,555
2,343
542
350:
528:
3, 139

2,877
2,560
523
375
573
1,215

3,173
2,938
594
403
631
1 ,432

3,219
2,881
623
4J4
670
1 ,478

3,8221
3,333!
766
442
825
1,751

4,247)
3,733
872'
5I4J
927
1,958

4,718
4,082
980
602
1,051
2,099

155!

203

486

637

1,922
1,125
285
259 '
238
882

90
3,490
337
43
309
18
3!5
35
465
70

102
3,942
405
76
374
20
404
45
635
77

108
5,101
403
168
411
20
476
55 |
929
82

120
5,691
424
174
418
23'!
5073
585
1,036
89

129
6,122
432
144
451
27
521
68'
941
110

160
7,615
564
99
567 i
39;!
600)
96'
943
135

184
8,697
616
102
665
45
677
97
1,008
155

214
9,836
667
108
651
47
729
99
1,100
157

278
9,722
666
103
612
45
679
103
1,017
162

325
11,320
759
116
779
50
809 j
119
1,165
164

403
12,916
<)80
146
897
54
955
145
1,371
201

434
13,707
1,130
145
974
58
978
142
1,441
226

3,429

3,875

481
239
4,588

485
236
5,214

546
216
5,289

723
271
6,485

911
320
7,021

1,146
402
7,912

1,295
431
8,346

1,262
480
9,316

1,354
561 ,
10,202

1,467
627
10,882

128
420
203
111

141 I
591
202
155

148 I
597
185
249

1 60
680
203
250

1 55
787
222
221

18E
1,055
300|
290

186
1,301
309
278

194
1 ,566
333
307

197
1 ,606
301
295

222':
1,817
346
314

232
2,028
381
360

246
2,157
389
392

714
478
1,360

906
533
1,621

1,009
801
2,029

1,059
1,268
2,143

1,100
1,449
2,357|

1,344
1,222
2,801

1,552
1,279
3,191

1,688
1 ,365
3,507

1 ,638
1 ,276
3,561

1,882
1 ,459
4,173

2,236 ;
1 ,646
4,822

2,301
1 ,590
5,109

17,579

20,874

27,037

30,279

32,038

3 8,324

43,052

48,294

48,396

55,552

62,996

67,196

For NOTE see last page of Part A of this table.

Digitized for FRASER


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

1945

Atlanta District

Georgia
Albany (1923; '49; '59)
Atlanta (1919; '43; '59)
Augusta (1919- '59)
Brunswick (1923)
Columbus (1923)
Elberton (1923)
Macon(1919)
. . .
Nevvnan (1923)
Savannah (1919- '61) . .
Valdosta (1923; '59)

348

BANK DEBITS
5.4 BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER
OR SMSA, ANNUALLY, 1941-70Continued
A.

REPORTING CENTERSDEBITS TO DEPOSIT ACCOUNTS EXCEPT INTERBANK, 1941-52Continued


[In millions of dollars]

District and center

1941

J942

1943

1944

1945

1946

1947

1948

1949

180
173
210
45092
149
315
121

19!
212
223
51,486
165
406
129

138
924
475
362

152
985
565
414

205
243
209
65,738
191
416
141
321
173
1,052
691
442

234
275
227
74,129
212
500
149
351
174
1,392
731
513

255
319
255
75,262
236
512
164
376
177
1,509
727
536

312
387
344
81,105
309
619
224
393
222
1,656
867
628

364
469
4071
92,1 57
370
751
256
422
281
2,039
1,025
762

415
490
454
99,977
423
842
281
463
331
2,055
1,168
872

400
472
464
94,167
393
815
267
457
323
1,965
1,077
837

510
278
140
3 325

650
309
154
4,014

661
355

717
418

763
341
(80
4,923
205
273
702
420

884
356
189
5,001
213
325
808
446

903
390
208
5,093
224
328
961
558

1,070
483
269
5,731
302
360
1,403
598

1,334
597
317
6,702
364
403
2,120
676

1,459
695
376
7,521
438
438
2,425
786

398
91
325
1,317
146
149
52

458
109
344
1,543
158
176
59

597
284

768
335

155
529
129
434
1,833
211
179
69
235
985
352

165
583
133
498
2,062
247
195
93
230
1,010
396

171
604
154
509
2,415
265
205
102
219
1,074
400

172
734
186
619
2,798
351
259
123
245
1,349
485

201
881
197
764
3,343
454
333
152
352
1,768
654

66
213
182
16,556
423
852
249
372
377

72
258
216
20 338
447
905
297
388
509

364

381

94
324
257
27452
555
1,055
444
434
687
482
191
409

99
322
291
30,382
589
1,197
495
502
819
551
226
473

106
333
245
26,419
606
1,284
467
588
760
496
214
487

141
401
288
24,906
765
1,570
466
625
811
541
250
609

154
454
335
31 834
887
1,889
534
757
962
642
295
735

232

257

302

332

370

482

589

675

642

700

795

809

136
5,059
149

725
179
7,804
192
499
373

797
167
8,168
208
565
411

919
192
8,503
247
530
479

1,061
221
9,449
287
603
539

1,238
247
10,617
307
739
578

1,149
249
10,298
282
698
532

1,266
280
11,471
313
734
587

1,422
304
13,413
361
885
645

1,509
346
14,197
365
918
647

138,771

137,804

147,330

173,142

190,957

182,329

208,911

1950

1951

1952

443
517
528
105,430
423
892
298
499
363
2,187
1,265
926

507
576
609
119,268
484
1,024
336
584
415
2,449
1,528
1,022

532
618
624
124,178
494
1,088
341
650
421
2,457
1,593
1,066

1,320
693
380
7,286
446
427
2,351
772

1,569
780
426
8,229
498
469
2,784
855

1,846
900
496
9,497
507
536
3,363
926

1,966
940
559
9,793
528
543
3,248
912

23V
906
212
871
3,476
507
351
214
338
1,772
683

227
853
201
789
3,159
476
334
136
352
1,676
686

235
983
221
845
3,548
530
378
151
384
1,846
753

297
1,109
247
964
3,955
577
413
169
410
2,082
842

328
1,153
253
992
4,055
581
405
168
433
1,904
841

163
494
383
36,769
956
2,132
549
815
1,004
681
317
823

161
482
371
36,404
1 ,001
2,026
519
737
944
564
293
779

194
564
425
44,917
1,249
2,395
614
892
1,122
657
360
915

217
730
493
50, 1 63
1,363
2,741
719
1,047
1,371
821
416
1,050

222
775
507
50,692
1,451
2,770
790
1,083
1,744
887
412
1,062

Chicago District
Illinois
Aurora (1923)
Bloomington (1919)
Champaign-Urbana (1925; '49)
Chicago (1919- '43).
Danville (1923)
Decatur (1919; '57)
Elgin (1936)
. .
loliet (1943)
MoIinc-E. Moline-Rock Island (1921) 1
Peoria (1919)
....
Roekford (1919)
Springfield (1919)
Indiana
Fort Wayne (1919)
Gary (1923)
Hammond (1923)
Indianapolis (1919)
Lafayette (1943) . . . .
Muncie (1943)
South Bend (1919; '53)
Terre Haute (1923)
Iowa
Burlington (1943)
Cedar Rapids (1919)
CHnton (1935)
Davenport (1919- '43)
Des Moines (1919)
Dubuque (1919- '43)
Mason City (1923)
Muscatinc (1923)
Ottumwa (1943- '54).
Sioux City (1919)
Waterloo (1919) . . .
Michigan
Adrian (1923)
Battle Creek (1928)
Bay City (1919)
Detroit (1919)
Flint (1919)
....
Grand Rapids (1919)
Jackson (1920)
. .
Kalnma/oo (1919; '56)
Lansing (1919)
Muskegon (1943)
Port Huron (1943)
Saginavv (1923)
Wisconsin
Green Bay (1923; '43)
Kenosha (1952)
Madison (1943)
Manitowoc (1934)
Milwaukee (1919- '43)
Oshkosh (1923)
Racine (1943)
Sheboygan (1925)
"Total all centers

288

339

686
174
7,231
166
438
350

81,270

94,889

124,473

1 11
4082
136

. ..

For NOTE see last page of Part A of this table.


1
Figures for 1941-52 represent Moline only.

Digitized for FRASER


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

349

236,895 244,851

BANK DEBITS
5.4 BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER
OR SMSA, ANNUALLY, 1941-70Continued
A.

REPORTING CENTERSDEBITS TO DEPOSIT ACCOUNTS EXCEPT INTERBANK, 1941-52Continued


(In millions of dollars]

District and center

1941

1943

1942

1944

1945

3947

1946

1948

1949

1950

1951

1952

St. Louis District


Arkansas
El Dorado (1924)
Fort Smith (1923)
Helena (1923- '43).
Little Rock (1919)
Pine BlufT(1926)
Texarkana (1927) (See also Texas). . . .

81
191
27
648
129
69

108
232
30 1
831
238
145 1

130
251
52
829
203
106

118
272
52
878
210
130

130
313
62
1 ,040
217
120

174
390
76
1,148
263
107

216
417
89
1,311
292
115

262
462
97
1,456
333
124

264
460
94
1,448
338
124

287
484
95
1,598
363
135

323
543
111
1,746
412
174

329
570
111
1,847
496
218

Illinois
Alton (1943) . . . . . .
East St. Louis & Natl. Stk. Yds. (1922)
Quincy (1921)

647
128

859 1
150

149
934
179

167
972
208

184
901
216

214
940
263

258
1,335
319

295
1,413
351

277
1,270
342

303
1 ,378
365

347
1,604
413

381
1,568
422

Indiana
Evansvillc (1919)

505

654

1,068

1,268

1,072 :

935

1,138

1,337

1,331

1,534

1 ,679

1,744

2,918
88

3,193 i
110

3,934
166
92

4,178
206
101

4,595
243
108

4,770
279
142

5,447
312
167

6,010
344
177

5,872
377
166

6,695
447
184

7,801
506
298

8,193
506
510

BB

98

108

121

119

167

212

236

248

273

294

289

63
58
282
12,501
71
381

70
62
332
12,950
79
412

98
76
^^
14,288
102
571

118
85
479
16,242
116
643

132
90
563
18,199
116
681

134
93
593
17,532
116
635

143
105
580
19,623
126
727

157
116
621
22,198
133
832

157
117
658
23,115
140
8H

Kentucky
Louisville (1919). .
Owensboro (1923 ; '43)
Paducah (1943; '58)
Mississippi
Greenville (1923)
Missouri
Cape Girardeau (1943)
Hannibal (1943)
Jefferson City (1943)
St. Louss (1919)
Sedalia (1924* '43)
Springfield (1921)

8,908
30
238

10,324
36
284

58
50
238
1 1 ,505
64
326

Tennessee
Jackson (1943)
Memphis (1919)

2,576

2,808

108
2,982

116
3,136

125
3,385

,73
4,661

202
5,601

221
6,222

223
6,240

243
7,728

261
7,788

262
7,739

17,271

20,100

23,531

25,488

26,734

30,279

35,113

39,121

38,176

43,415

48,355

50,184

682

710
92
5,689
31
96
67
2,794
633
95

856
102
7,444
36
112
73
3,550
697
HI

985

7,993
35
135
83
3,814
595
133

1,030
125
8,589
38
148
91
4,011
540
140

1,121
166
10,062
50
197
124
4,551
671
170

1,354
208
12,334
60
227
145
5,339
985
197

1,499
230
13,129
66
265
164
5,926
988
201

1,3(5
228
12,099
62
264
153
5,628
948
190

1,441
254
13,676
66
292
169
6,222
1 ,032
199

1,727
275
15,163
70
332
173
6,882
1 ,083
227

1,591
273
15,686
71
343
185
6,994
1,004
227

155

173
312
210
159

197
316
277
170

243
318
274
183

277
310
305
199

321
385
387
236

406
450
469
261

481
486
540
295

541
531
535
311

602
558
592
377

674
612
641
405

721
583
664
450

22
311
75
25
68

188
26
340
82
28
72

214
31
, 369
108
36
89

236
36
399
140
41 i
110

250
39
448
147
44
123

303
46
572
193
60
163

364
58
711
230
74
198

450
74
845
271
84
226

484
74
807
269
77
224

489
75
835
265
81
226

522
81
860
268
91
267

577
80
852
271
91
265

South Dakota
Aberdeen (1919)
Sioux Falls (1920; '50)

77
299

84
382

116
461

124
456

152
501

197
619

252
769

286
883

276
819

295
907

314
972

%l

Wisconsin
Eau Claire (1942)
La Crosse (1923)
Superior (1919). .

135
76

151
137
97

160
169
124

175
193
139

2(4
215
132

310
272
132

372
325
141

384
366
151

333
367
152

373
396
171

4(4
426
197

441
454
200

10,029

12,648

15,818

16,948

18,066

21,310

25,927

28,293

26,687

29,595

32,676

33,317

Total all centers


Minneapolis District
Minnesota
Dututh (1919)
Mankato(1942)
Minneapolis (1919)
Red Wing (1923)..
Rochester (1942)
St. Cloud (1942)
St. Paul (1919)
South St, Paul (1924)
Winona (1920)

...

2,466
423
83

Montana
Billings (19 19; '49)
Butte (1942)
Great Falls (1942)
Helena (1919)
North Dakota
Bismarck (1942)' .
Dickinson (1923)
Fargo (1919)
Grand Forks (1919- '58)
Jamestown (1923).
Minot (1923)

Total, all centers

4,936
28

168

. .,

For NOTE sec last page of Part A of this table.


1
Figures for the 1952-64 period exclude debits to demand deposit accounts of the State and other political subdivisions held

Digitized for FRASER


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

332

by a State-owned bank in the city, resulting in a decrease from


previously reported figures of about 40 per cent.

350

BANK DEBITS
5.4 BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER
OR SMSA, ANNUALLY, 1941-70Continued
A.

REPORTING CENTERSDEBITS TO DEPOSIT ACCOUNTS EXCEPT INTERBANK, 1941-52Continued


[In millions of dollars]

District and center

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

Kansas City District


Colorado
Colorado Springs (1919 '57)
Denver (1919; '51 ; '57)
Grand Junction (1923)
. .
Greeley (1943)
Pueblo (1919)
Kansas
Atchison (1919),
Dodge City (1952).
Emporia (1942)
Hutchison (1923)..
Independence (1923)
Kansas City (1919- '57)
Lawrence (1923).
Manhattan (1951)
Parsons (1951).. .
Pittsburg (1923)
Salina (1942)
Topeka (1919; '43)
Wichita (1919)

. ..
....
....
....

Missouri
Independence (1951 ; '61)
Joplin (1919)
Kansas City (1919)
St. Joseph (1919)
Nebraska
Fremont (1923)
Grand Island (1943).
Hastings (1951)
Lincoln (1925; '57)
Omaha (1919; '57)

....

New Mexico
Albuquerque (1919- '51)
Santa Fe (1951)
Oklahoma
Bartlesville (1919) .
....
Enid (1923)
Guthrie (1923).. .
Lawton (1951)
Muskogee (1919)
Norman (1951)
Oklahoma City (1919; '51; '57)
Okmulgce (1923)
Ponca City (1951)
Tulsa (1919; '55)
Wyoming
Casper (1923)..
Cheyenne (1920)

Total all centers

180
2,358
46

292
2,870
51

209

264

272
3,296
74
105
245

279
3 407
83
113
256

307
3,823
92
132
287

385
4 608
121
169
345

427
5 419
145
228
430

486
5 972
155
258
477

482
5 893
162
230
485

556
6 717
189
290
536

690
9 015
21 1
348
638

671
9 159
226
364
635

42

52

68

75

83

123

168

187

144

123

130

126

166
38
254
48

57
207
45
338
57

74
276
53
434
77

81
314
53
481
85

82
352
54
483
98

101
391
69
599
101

1 14
490
80
693
112

122
540
81
771
124

120
454
78
778
121

138
453
87
888
128

248
811

82
193
313
1 221

84
260
640
1 870

80
273
666
2 355

83
276
715
2 365

105
346
817
1 998

125
466
954
2 351

140
467
1 033
2 668

133
395
1,108
2 568

148
431
1 129
2 896

158
515
100
1 056
'(50
139
115
158
472
1 234
3 614

142
545
1 15
I 087
175
149
139
168
478
1 315
4 286

143
4 781
395

183
5 764
487

173
7 420
638

203
7 914
698

220
8 323
699

287
9 335
814

303
11 638
1 131

323
12 981
1 203

305
12 051
1 097

332
13 486
1 233

154
373
15 088
1 391

176
402
15 955
1 335

41

59

79
149

80
159

86
171

113
204

163
236

197
260

185
254

228
298

356
2,171

426
2,894

549
3 884

587
3 957

622
4,207

745
4,625

5,693

sii

931
5,800

912
5 534

1 013
6,510

247
374
189
I 121
7 787

250
392
204
1 ISO
7,726

266

299

353

373

479

675

751

885

1 019

1 271

1 512
407

1 732
408

369
158
21

383
164
23

424
21 1
26

512
270
32

544
324
35

609
357
41

786
490
45

1 325
489
51

1 568
412
50

1 699
425
53

2 379
474
63
258
359
lit
5,093
93
281
8,316

55

120

203

188

196

200

227

264

293

289

323

1,408
35

1,663
35

1,741
45

2,080
43

2,374
54

2,784
64

3,202
74

3,668
81

3,718
77

4,309
84

1,919

2J99

2 625

3 081

3 348

3,497

4472

6,194

5,817

6,389

2 123
448
56
228
351
100
4,820
91
262
7 757

89
132

96
151

107
204

125
221

144
227

187
267

246
299

314
338

335
350

370
383

467
448

557
476

16 859

21 073

26 640

29 132

31 285

35 110

42 827

48 817

47 122

53 115

64 536

67 999

For NOTE see next page.

Digitized for FRASER


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

351

BANK DEBITS
5.4 BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER
OR SMSA, ANNUALLY, 1941-70Continued
A.

REPORTING CENTERSDEBITS TO DEPOSIT ACCOUNTS EXCEPT INTERBANK, 1941-52Continued


[In millions of dollars]

District and center

1941

1943

1942

1944

1945

1946

1947

1948

1949

1950

1951

1952

Dallas District
Arizona
Tucson (1919; '50; '61; '63)

180

245

319

342

412

554

621

734

658

750

982

1,162

Louisiana
Monroe (1943)
Shreveport (1919; '50)

661

754

203
848

219
969

232
1,004

308
1,172

358
1,358

420
1,650

437
1,600

483
t 814

541
2058

586
2,362

60

77

93

105

1 13

145

152

174

174

230

267

288

219
522
937
679
601
79
6 530
719
2 576
539
6 491
141
341
280
187
1 758
109
267
333
332

225
576
893
702
708
84
7 057
809
2 624
548
7 065
148
383
274
217
2 002
111
309
365
395

295
725
1 098
776
10!
8 626
1 082
2 966
641
8 183
181
503
317
287
2 485
150
371
509
479

352
944
I 163
898
843
10 318
f223
3 588
715
9 926
191
697
365
313
2 715
169
413
563
552

408
1 073
1,339
1 181
946
131
12 302
1,500
3 91 1
844
12 895
202
800
427
373
2947
187
492
614
665

393
1 090
1,525
1 143
'921
133
12 S19
I 531
3 797
'839
12 762
'|93
771
410
351
1 007
171
487
603
673

586
312
576
261
230
145
15 205
1 864
4 647
854
1 4 703
215
1 118
410
469
3 814
201
554

New Mexico 1
Roswell (I923 '50)
Texas
Abilene (1926; '50)
Amarillo (1943' '64)
Austin (1919)
Beaumont (1919)
Corpus Christi (1943- '50)
Corsicana (1923; '64)
Dallas (1919)
El Paso (1919)
Fort Worth (1919)
Galveston (1919)
Houston (1919)
Laredo (1943)
Lubbock ( 1 943 ; '50)
Port Arthur (1925)
San Angelo(1943; '64)
San Antonio (1928' '43' '50)
Texarkana (1919) (See also Arkansas)
Tyler (1934)
Waco (1919)
Wichita Falls (1925- '63)
Total all centers

163

179

452
371

682
459

51
4 076
523
1 274
370
3 756

61
4 822
586
1 618
427
4 545

135

188

I 107
76
162
210
260

1 309
100
163
287
252

201
504
1 092
648
515
82
5 602
679
2 305
496
5 570
129
306
250
173
I 604
97
218
326
290

791

623
599
696
440
445
164
225
083
652
948
412
250
268
502
509
356
231
599
812
940 i

13 887

16 753

22 551

25 276

27 266

32 705

38 556

46 214

46 209

55 010

63 625

69 148

658

866

1,182

1,229

1,373

1,791

1,979

2,331

2,256

2,611

3,229

1,618

262
409
523
620
13 099

285
487
532
886
14 768

301
608
703
1 220
18 976

340
670
890
1 499
22 326

511
605
1 031
1,519
26 241

717
796
1 617
1 526
31 939

918
899
I 645
f?35
33 748

I 084
989
1 564
1,932
36 714

1 254
'973
1 495
1 ,949
35 9*55

I
1
2
2
40

1 730
373

4 084
474
246
2,192
258
2,841
17 490
635
187
III
461

4 274
596
317
2 457
302
2 768
19 669
894
231
136
457

4 335
816
362
2,994
367
2,572
21 248
1,013
288
193
609

4 371
1 !<)67
431
3,948
542
2,544
23 331
1,178
388
283
709

4 775
f 145
434
4 575
583
2,630
25 458
M69
417
299
763

5 208
1,257
446
5,157
607
2,817
28 034
1,421
460
312
776

4 792
1 ,205
443
5,665
566
2,652
28 032
1,356
419
285
720

7 SO

its

1
1
1
1

111

1
1
1
1
17
2
5
17
1
4

1
t
t
1
18
2
6
19
1
4

641
685
801
511
709
168
W>
277
189
979
62t
270
424
53M
46?
471
251
649
870
018

San Francisco District


A rizona
Phoenix (1923; '48; '57; '59)
California
Bakersfield (1923)
Berkeley (1920)
Fresno (1919- '59)
Long Beach (1919)
Los Angeles (1919)
Modesto (1951 ; '59; '64)
Oakland (1919)
Pasadena (1919; '51)
Riverside (1942)
Sacramento (1919; "61)
San Bernardino (1923; '59)
San Diego (1919)
San Francisco (1919)
San Jose (1920)
Santa Barbara (1925)
Santa Rosa (1942; '58)
Stockton (1919- '59)

5 364
1 381
488
6 22H
667
3 147
30 906
1 596
491
144
842

1 562 ;
1 197
2 453
2 403
46 012
714
6 599
1 529
577
6 538
760
^ 863
36 154
1 877
514
198
991

430
255
117
544
124
701
6 849
I 622
642
6 772
891
4,284
37 915
1 ,966
554
362
1 (us

359
081
005
237
319

1
1
2
2
50

301

2 719
368
169
2,038
196
2,026
13 996
434
148
82
367

Idaho
Boise (1919- *49)

269

129

428

458

521

638

742

820

919

983

I 029

1 (X)t)

Nevada
Reno (1919; '51)

1,824
181
1,068
11 918
362
149

190

242

265

288

346

472

497

538

576

555

709

736

Oregon
Eugene (1923)
Portland (1919; '61)
Salem (1935- '55)

154
2,643
250

183
3,605
291

227
5 009
340

275
5 373
371

308
5,254
424

451
5,541
599

568
6 318
639

651
6,855
692

585
6,407
742

708
7 114
748

823
8 701
794

817
9 244
864

Utah
Ogden (1919)
Salt Lake City (1919)

263
1 048

380
1 260

480
1 457

450
I 479

548
I 583

684
I 941

707
2 331

723
2 679

684
2 700

778
> 94(>

918
1 ^56

938
1 441

Washington
Bellingham (1923)
Everett (1925)
Seattle (1919* '51)
Spokane (1919)
Tacoma (1919)
Walla Walla (1933)
Yakima (1919; '60),

1 15
138
3 606
'736
676
104
194

133
176
5 072
993
1,020
125
226

162
233
6 110
1 119
1,310
155
299

175
243
6 850
1 165
1 324
189
373

178
247
6 805
1 181
1,389
197
426

220
287
6 465
1 494
1,345
240
524

260
345
7 469
1 747
1,479
274
563

275
374
8 092
1 894
1,648
285
546

258
341
8 007
1 813
1,535
284
506

300
383
8 780
2 033
1 751
307
546

114
419
1 0 802
2 140
1 951
111
599

152
458
1 1 389
2 481
2 007
11(>
596

43 863

54 405

69 562

78 068

85 484

98 078

107,312

117 1 80

1 15,376

1 28 992

150 542

1 59 758

Total all centers

NOTE.First date following name of center in left hand stub


indicates first year for which figures are available. Other dates
indicate changes in coverage or revisions since 1941 affecting com-

Digitized for FRASER


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

parability by 3 per cent or more: for details of changes sec


Table 5.5.

352

BANK DEBITS
5.4
B.

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER OR SMSA,


ANNUALLY, 1941-70Continued

REPORTING CENTERSDEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, 1952-64
fin millions of dollars]

1952

District and center

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1964

Boston District
Connecticut
Hartford
New Haven
New London
Waterbury

8,814
3069
418
995

9,529
3 270
513
1,059

9,887
3 309
526
1,066

10,743
3,843
640
1,173

12,062
4,424
794
1,294

13,761
4,665
915
1,280

13,598
4,602
971
1,242

14,331
5054
1,027
1,475

15,068
5 274
1,058
1,673

17070
5 506
1 122
1 739

19068
5979
1 215
1 881

21 043
6 445
1 475
2059

23 070
6 950
1 671
2 405

Maine
Bangor
Lewiston- Auburn
Portland

625
374
1,061

639
417
1,249

685
422
1,323

742
468
1,426

822
508
1,542

853
540
1,573

883
549
1,626

964
593
1,820

1,008
610
2,067

1,015
588
2220

1 002
614
2450

1 051
625
2622

1 096
635
2927

. .. ...

36,631
633
640
449
581
568
595
712
476
2,446
2,403

38,346
666
692
488
603
585
621
751
475
2,652
2,497

40,360
686
679
508
613
596
632
737
458
2,706
2,403

42,951
752
735
545
690
681
684
826
517
2,917
2,615

47,561
829
754
609
786
771
738
843
600
3,160
2,930

49,546
830
763
648
884
814
784
849
611
3,277
3,045

50,137
879
775
682
749
812
807
835
617
3,398
2,957

55,607
996
833
758
111
985
887
925
718
3,733
3,197

57,848
1,085
844
755
854
1 002
912
961
758
3,883
3 361

63 112
1,208
892
786
910
967
953
1 000
787
4,040
3 594

67717
1 342
894
345
985
970
1 120
1 041
1 039
5,170
4 122

75562
1 535
908
360
1,114
835
1,206
1 083
1 010
5,806
4 790

75 863
1 567
952
402
,208
202
326
128
049
5,954
5 282

..

291
730

321
762

346
801

363
861

371
925

370
1,001

390
1,008

413
1,139

450
1,193

473
1,227

507
1,305

540
1,382

579
1,443

5 160

5,361

5,059

5,791

6,115

6,450

6,841

7,457

7,693

8080

8 889

10047

12916

Massachusetts
Boston
Brockton
Fall River
Holyoke
Lawrence
Lowell
Lynn
New Bedford
Pittsfield
Springfield
NVorcester
New Hampshire
Concord
Manchester
Rhode Island
Providence
Vermont
Burlington

379

401

382

411

490

530

565

640

658

695

748

863

1 052

68,050

71,896

74,185

80,375

88,927

93,988

94,923

104,331

109,015

117,985

128,402

142,361

150,677

Connecticut
Bridgeport
Stamford

2359
951

2,519
1,030

2,441
1,032

2,794
1,070

3,136
1,133

3,262
1,139

3,001
1,393

3,221
1,634

3,361
1,786

3 595
1,969

3 976
2 150

4 379
2,135

5 240
2 301

New Jersey
Elizabeth
Jersey City
Montclair
Newark
Passaic
Paterson

1,481
4,229
589
11,691
1,494
1,883

1,567
4,628
601
13,071
1,568
2,147

1,711
4,817
618
12,819

2,133
5,719
677
13,751
4,909

2,214
5,763
681
14,010
5,520

2,264
6,148
669
14,393
5,484

2,620
6,617
822
15,999
5,937

2,796
6,980
832
17,425
6,015

2,980
7327
811
20,631
6,121

3,549
7602
875
21,369
6,226

5,603
7805
*905
23,265
6,489

7,824
7933
860
25,022
6,940

877
8,846
585
504
597,815
647
4,911
1,075
3,378
1,132

896
10,035
628
527
632,801
722
5,246
1,102
3,625
1,277

919
9,651
709
509
738,925
748
5,589
1,089
3,616
1,323

1,000
10,571
719
579
766,890
832
6,039
1,145
3,863
1,425

1,067
11,809
776
604
815,856
887
6,540
1,249
4,341
1,543

1,072
12,101
766
628
888,455
934
7,210
1,266
4,559
1,635

644,447

683,990

790,391

822,767

876,131

951,214 1,021,631 1,092,272 1,174,042 1,355,305 1,496,576 1,643,634 1,834,805

Total, all centers


New York District

New York
Albany
Binghamton
Buffalo
Elmira
Jamestown
New York
Poughkeepsie
Rochester
Schcnectady
Syracuse
Utica
total, all centers

..

.. ..

. . . .

1,949
5,515
644
13,336
2,313 | 4,396

lisei

For NOTE see last page of Part B of this table.

Digitized for FRASER


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

353

1,174
1,109
1,083
1,128
1,136
1,371
1,793
11,366
12,204
11,541
11,808
12,116
13,974
11,238
735
814
781
831
837
976
868
563
604
607
672
630
703
784
958,721 1,023,605 1,102,850 1,278,843 1,415,823 1,555,965 1,735,803
910
1,044
1,142
1,231
1 431
1,516
1,726
7,416
8,147
8,585
10,902
9,250
9,841
13,228
1,230
1,213
1,251
1 324
1,273
1,406
1,431
4,630
4,982
5,147
6,012
5,609
6,235
6,824
1,598
1,758
1,782
1,832
1,907
1,972
2,146

BANK DEBITS
5.4
B.

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER OR SMSA,


ANNUALLY, 1941-70Continued

REPORTING CENTERSDEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, 1952-64Continued
[In millions of dollars]

1952

District and center

1953

1954

1955

1956

1957

1958

1959

I960

1961

1962

1963

1964

Philadelphia District
Delaware
Wilmington

4,842

5,214

5,441

5,885

6,243

6.486

7,651

8,738

9,884

13,484

18,099

18,931

21,833

New Jersey
Atlantic City
Camden
Trenton

753
2000
2542

799
2259
2,936

850
2 395
2,928

921
2 799
3,193

1,011
2975
3,592

1,048
2998
4030

1,079
3 257
4 700

1,207
3 489
4627

1,240
3880
4698

1,501
4000
5,481

1,614
4,286
6,101

1,677
4,264
6,589

1,780
4,465
6,886

Pennsylvania
Allentown
Altoona
Bethlehem
Chester
Harrisburg
Hazleton
Johnstown
Lancaster
Lebanon
Norristown
Philadelphia
Reading
Scran ton
Wilkes-Barre
Williamsport
York

1,108
421
563
640
1,790
347
578
975
276
464
47,733
1,304
1 354
876
427
I 002

1,180
439
634
712
1,893
366
618
1,006
291
502
52,427
1,512
1,373
964
444
1,232

1,200
413
608
728
1,869
331
565
1,035
278
523
55,743
1,563
1,319
974
411
1 210

1,364
458
700
800
2,003
356
656
1,152
291
565
58,663
1,822
1,395
1,035
437
1,246

1,522
519
768
870
2,215
388
737
1,273
331
647
63,110
1,937
1,554
1,099
462
1,330

1,615
543
841
926
2324
403
804
1 291
394
729
65059
1,892
1 594
1 157
473
I 361

1,670
549
771
973
2405
389
752
1 313
379
775
66 392
1,859
1 607
1 194
458
1 369

1,718
577
760
1 087
2 548
419
798
I 446
377
920
74482
1,962
1 631
1 244
504
1 522

1,797
589
838
1 140
2,630
436
870
1,474
414
987
76,152
2! 133
1 657
1,285
514
1 529

1,963
594
877
1 194
2,720
426
876
1,491
429
945
84,382
2,585
1,584
1,351
530
1 672

2,162
673
915
988
2,734
437
941
1,663
451
967
93,384
2,809
1,645
1,450
576
1,742

2,274
726
988
1,071
3,101
462
998
1,816
466
1,173
99,893
3,066
1,681
1,558
606
1,814

2,415
789
1,071
1,156
2,732
498
1,151
2,150
503
1,609
103,310
3,341
1,830
1,695
717
2,612

69,994

76,800

80,383

85,741

92,584

95,968

99,543

1 10,056

114,146

128,087

143,636

153,152

162,544

. .,

557
1,001

626
1,059

663
1,119

719
1,257

729
1,268

749
1,513

741
1,535

827
1,723

862
1,919

878
1,987

879
2,288

929
2,549

973
2,863

4,152
1,690
14,004
29,898
7,790
3,726
630
732
243
690
670
299
717
308
5,486
637
2392
'368

4,554
1,877
15,462
33,196
8,631
4,079
696
796
300
789
624
365
743
350
6,143
746
2,429
399

4,392
1,775
15,470
32,112
9,494
4,251
706
770
318
751
617
361
724
330
5,965
729
2,243
402

5,012
2,032
17,003
36,161
10,082
4,787
761
802
385
886
704
376
792
396
6,853
887
2,617
442

5,670
2,187
18,555
40,377
11,231
5,296
838
795
433
964
708
374
871
452
7,236
971
2971
484

6,249
2228
18,774
43,009
12 162
5,402
846
812
461
919
705
360
843
442
7257
996
3 161
484

6,131
2067
18,943
39,227
12945
5,212
841
773
441
892
702
340
804
423
6971
868
2 782
474

6,964
2333
20,88 1
44,229
13064
5,996
972
828
510
1 024
806
376
919
455
7944
980
3063
524

6,994
2,453
21,367
46,440
13,427
6,314
955
866
562
1 046
781
384
963
490
8 656
1,053
3 200
508

7,085
2,384
22,065
47,013
14,283
6,438
930
899
543
1,073
774
381
970
483
9,092
1,035
2993
496

7,598
2,506
23,703
50,946
15,198
7,183
953
979
574
1,089
780
404
1,087
504
10,707
1,102
3,092
506

8,316
2,677
24,660
55,512
16,274
7,731
1,011
1,010
602
1,164
805
408
1,220
548
10,816
1,109
3,453
507

9,611
2,932
26,580
61,635
18,194
8,491
1,107
1,060
652
1,265
864
443
1,353
604
11,382
1,250
3,733
561

471
1 400
90
293
241
35,569
390

530
1,516
90
320
270
35,036
446

511
1,486
80
310
274
35,665
388

585
1,655
100
334
282
41,733
475

673
1,770
113
380
303
47,680
514

706
1 800
113
396
310
51,337
530

603
1 673
110
372
291
47,994
487

699
I 861
131
390
312
53851
535

719
1 918
132
447
334
57 570
555

657
1 894
129
437
343
57706
552

689
2,070
136
435
364
64,201
591

749
2,198
151
483
365
72,872
615

840
2,550
158
539
401
83,075
665

. . . .
..
. ..

Total, all centers


Cleveland District
Kentucky
Covington-Newport
Ohio
Akron
Canton
Cincinnati
Cleveland
Columbus
Dayton
Hamilton
Lima
Lorain
Mansfield
Middletown
Portsmouth
Springfield
Steubenville
Toledo
Warren
Youngstown
Zanesville.

Pennsylvania
Butler
Erie
Greensburg
Oil City
Pittsburgh
Sharon
West Virginia
Wheeling
Total all centers

..

. ,.

868

947

880

972

1,039

115 311

123,016

122,786

1 39,092

1 54 885

For NOTE see end of Part B of this table.

Digitized for FRASER


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

354

1,064
163 632

960

1,033

1,051

1,014

1,015

1,045

1,133

155 602

173 230

181 967

184 533

201 580

219 778

244,914

BANK DEBITS
5.4

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER OR SMSA,


ANNUALLY, 1941-70Continued

REPORTING CENTERSDEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, 1952-64 Continued
[In millions of dollars]
istrict and center

1958

1959

1960

1961

1962

1963

1964

18,694

18,488

22,651

22,692

25,170

30,597

33,743

38,005

20,690
341
315
586

22,488
360
332
555

21,952
360
351
543

24,338
400
390
577

25,199
412
406
586

25,942
455
432
594

27,662
505
438
636

29,703
534
467
706

32,899
521
556
757

830
5,084
1,075
1,839
363
2,676
637
386
2,225

896
5,391
1,162
2,008
352
3,028
658
388
2,467

991
5,533
1,147
2,209
353
3,099
673
379
2,389

970
5,975
1,211
2,583
357
3,272
647
410
2,408

1,050
6,746
1,319
3,075
375
3,496
724
449
2,945

1,140
6,900
1,368
3,205
394
4,273
700
466
3,121

1,183
7,094
1,445
3,387
429
4,797
684
484
3,687

1,282
8,078
1,560
3,600
465
5,084
720
483
4,969

1,391
9,035
1,620
3,646
504
5,607
781
513
4,895

1,534
10,217
1,772
3,908
523
6,067
823
524
5,436

893
2,005
1,381
785

1,044
2,201
1,589
825

1,115
2,371
1,756
879

1,237
2,523
1,862
872

1,266
2,604
1,932
884

1,459
2,831
2,290
If041

1,559
3,126
2,385
U02

1,623
3,307
2,365
1,123

1,819
3,553
2,646
1,220

2,020
3,834
2,866
U55

2,307
4,313
3,028
1,500

343
506
590
578
3,113
373
7,531
1,471

391
518
604
582
3,307
394
7,658
1,440

448
575
693
693
3,574
436
8,284
1,658

479
616
746
746
3,799
458
8,806
1,882

529
638
746
770
3,994
473
9,465
2,031

566
650
751
763
3,899
501
10,485
2,027

624
672
855
955
4,188
544
12,165
2,211

657
685
914
995
4,640
587
12,494
2,317

693
691
969
1,017
4,866
605
12,382
2,390

775
733
1,039
1,153
4,999
656
12,420
2,681

847
744
1,137
1,431
5,226
706
14,011
2,870

945
830
1,203
1,564
5,853
745
16,300
3,020

578
1,935
413
854
354

535
2,136
408
858
378

473
2,028
386 |
840
364

569
2,098
443
895
409

703
2,221
493
1,051
451

737
2,395
528
1,137
481

617
2,291
492
1,077
475

561
2,509
517
1,137
508

538
2,535
513
1,204
504

509
2,576
498
1,172
517

503
2,804
519
1,278
543

514
3,018
545
1,363
573

559
3,193
560
1,439
647

64,255

68,474

78,528

84,464

89,620

90,806

103,601

107,614

113,086

125,417

136,206

151,546

1957

1952

1953

1954

1955

1956

12,496

1 3,048

14,156

16,498

17,608

15,551
302
271
427

17,140
299
282
456

17,706
290
273
443

19,344
312
292
531

731
4,157
1,285
1,294
325
2,166
537
343
1,746

746
4,415
1,288
1,423
335
2,362
567
355
1,905

764
4,321
1,152
1,495
339
2,323
572
389
1,924

971
1,723
1,285
840

930
1,958
1,341
804

302
487
547
571
2,946
331
7,118
1,369

ichmond District
District of Columbia
Washington
Maryland
Baltimore
Cumberland
Frederick
Hagerstown
North Carolina
Asheville
Charlotte
Durham
O teens bo ro
Kinston
Raleigh
Wilmington
Wilson
Winston-Salem
South Carolina
Charleston
Columbia
Greenville
Spartanburg
Virginia
Charlottesville
Danville
Lynchburg
Newport News
Norfolk
Portsmouth
Richmond
Roanoke
West Virginia
Bluefield
Charleston
Clarksburg
Hun tint? ton
Parkersburg
Dtal, all centers

..

. ..

..
.
..

. ..

70,197

For NOTE see end of Part B of this table.

Digitized for FRASER


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

355

BANK DEBITS
5.4
B.

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER OR SMSA,


ANNUALLY, 1941-70Continued

REPORTING CENTERSDEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, 1952-64Continued
[In millions of dollars]
irT

8953

195"

1QO

_IO^?

1Q61

1QAA

Atlanta District
Alabama
Anniston
Birmingham
Dothan
Gadsden
Mobile
Montgomery

358
5,216
218
279
1 928
1,136

369
5,241
222
293
2,056
1,164

361
5,424
227
285
2 156
1,230

406
6,739
258
350
2,580
1,438

446
7,774
283
363
2,910
1,515

425
8,521
300
386
3,219
1,606

428
8,625
305
373
3016
1 769

491
9,511
389
439
3,385
1,998

Florida
Jacksonville
Miami
Orlando
Pensacola
St. Petersburg
Tampa.

4640
4,058
958
594
1,030
2,046

5,109
4,602
1,049
669
1,108
2,274

5,750
5,187
1,163
673
1,237
2,452

6,448
6,230
1.416
765
1,481
2,827

6,978
7,393
1,615
898
1,622
3,258

7,508
8,454
1,902
992
1,900
3,715

8,219
9,141
2,067
962
1,929
4,034

423
13471
1,104
142
948
58
965
139
1,396
223

476
14,770
1,052
152
954
61
990
127
1,517
240

501
15,464
1,024
163
961
58
1,043
133
1,486
268

588
17,223
1,117
179
1,126
63
1,196
162
1,625
311

631
18,380
1,101
212
1,172
84
1,253
170
1,805
318

658
19,406
1,040
238
1,163
95
1,240
185
2,108
300

Louisiana
Baton Rouge
Lake Charles
New Orleans

1 439
625
10,664

1,606
644
11,398

1,671
696
1 1,798

1,831
816
12,949

1,974
900
14,194

Mississippi
Hatttesburg
Jackson
Meridian
Vicksburg

242
2037
383
172

251
1,951
374
193

259
1,941
334
191

295
2,190
375
200

Tennessee
Chattanooga
Knoxville
Nashville

2235
1,606
4,935

2,608
1,910
5,300

2,626
1,880
5,529

65,667

70,731

74,172

Georgia
Albany
Atlanta
Augusta
Brunswick
Columbus
Elberton
Macon.
Newnan
Savannah
Valdosta

otal, all centers

.......

....

...

513
10,235
455
429
3,549
2,092

554
10,981
488
452
3,716
2,324

583
12,110
522
506
4,071
2,646

623
1 3,469
560
558
4,334
2,749

9,519
10,516
2,981
1,054
2,728
5,039

9,994
10,051
10,698 ' 10,966
3,034
3,050
1,056
1,026
2,626
2,628
5,102
5,181

10,675
12.050
3,276
1,070
2,725
5,508

11,240
12,571
3,628
1,178
2,772
5,927

12,758
13,233
3,905
1,346
3,006
6,448

702
20, 1 26
1,112
250
1,150
104
1,301
195
2,156
296

606
23,822
1,272
312
1,250
110
1,450
221
2,390
421

636
25,224
1,332
296
1,286
118
1,476
243
2,342
417

655
26,516
1,360
321
1,363
111
1,535
252
2,052
426

721
30,271
1,514
394
1,476
118
1,682
268
2,182
440

773
34,713
1,703
418
1,595
127
1,814
264
2,347
451

873
36,852
1,899
453
1,839
138
1,975
289
2,544
509

2,259
986
15,257

2,375
1,017
14,812

3,238
1,041
15,902

3,252
947
16,379

3,146
962
16,231

3,577
1,039
17,541

3,966
1,057
18,759

4,268
1,085
20,764

334
2,347
414
213

364
2,309
425
224

380
2,924
467
219

428
3,455
533
236

452
3,685
533
246

454
3,908
539
262

475
4,368
590
288

471
4,802
643
318

500
5,252
663
361

2,910
2,050
6,196

3,192
1,926
6,719

3,301
2,533
7,191

3,421
2,540
7,688

3,953
2,792
8,601

3,943
2,921
8,763

4,127
3,073
9,490

4,338
3,176
10,119

4,705
3,399
11,397

5,094
3,586
12,379

84,340

92,395

100,210

104,101

120,083

123,885

126,956

138,396

151,473

164,315

For NOTE see last page of Part B of this table.

Digitized for FRASER


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

356

499
9,998
426
447
3,525
1,985

BANK DEBITS
5.4
B.

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER OR SMSA,


ANNUALLY, 1941-70Continued

REPORTING CENTERSDEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, 1952-64Continued
[In millions of dollars]

^District and center

1957

1958

1959

737
738
791
163 997
641
1,409
471
928
1,113
2,679
2,099
1,387

778
793
834
174,808
603
1,451
504
963
1,228
2,773
2,191
1,455

806
846
899
176,517
584
1,424
535
968
1,278
2,673
2,111
1,521

940
896
998
196 545
616
1,482
596
1,076
1,407
2883
2,382
1,653

1 002
941
1,004
211 706
630
1,463
619
1,112
1,447
2763
2,503
1,629

966
1,044
1,066
228 582
633
1,491
633
1,122
1,459
2861
2,526
1.670

1 042
1,194
1,145
254 373
661
1,583
662
1 194
1,550
3207
2,599
1,799

1 148
1,241
1,272
277 342
705
1,729
706
1 228
1,697
3 515
2737
1,925

1 228
1,290
1,391
307012
755
1,934
754
1 285
1,875
3 81 1
3008
2,095

2,627
1,245
781
11,211
710
830
2,162
923

2,890
1,362
846
12,304
754
867
2,314
972

2,968
1,444
903
12,839
824
914
2,451
1,019

2,963
1,383
910
13,675
844
904
2,402
998

3,399
1,607
1.008
15,158
977
1,045
2,680
1,091

3,511
1,831
1,076
15,509
1,128
1,152
2,685
1,133

3,864
1,867
1,096
16,367|
1,120
1,162
2,715
1,137

4,070
1,963
1,186
17,603
1,269
1,265
2966
1,201

4,435
2,123
1,210
18,542
1 316
1,338
3 145
1,292

4,871
2,372
1,290
19,730
1,424
1,480
3405
1,340

301
1 202
264
1,047
4,541
599
453
162
370
1,824
947

306
1,331
284
1,175
5,000
653
485
165
362
1,719
1,030

319
1,476
290
1,273
5,300
683
493
169
394
1,654
1,061

384
1,483
307
1,336
5,636
723
522
186
420
1,765
1,127

408
1,538
327
1,368
6,157
787
547
215
431
2,176
1,153

453
1,731
348
1,506
6,736
879
567
223
454
2,389
1,252

466
1,794
340
1,530
6,840
895
596
228
481
2,369
1,269

496
1,885
336
1,577
7,039
900
598
241
474
2,441
1,267

523
1 969
348
1,878
7,455
900
621
271
486
2,639
1,293

571
2 113
367
1,901
7982
925
603
292
494
2,490
1,309

620
2 274
385
1,947
10 192
994
598
317
519
2,382
1,355

237
794
533
62,707
1,588
3,142
919
1,232
1,846
937
438
1,171

223
763
535
59,264
1,709
3,281
911
1,278
1,608
854
416
1,207

277
852
585
72,940
2,068
3,668
1,101
1,514
1,778
964
484
1,378

313
874
640
75,061
1,965
3,910
1,107
1,782
1,834
1,041
505
1,467

350
929
692
79,047
1,919
3,984
1,167
1,881
1,850
1,099
506
1,497

324
955
667
70,175
1,895
3,936
1,075
1,946
1,777
1,024
476
1,433

367
1,009
725
80,928
2,316
4,399
1,259
2,168
1,970
1,135
511
1,571

363
1,007
769
86,719
2,414
4,633
1,295
2,124
2,087
1,253
567
1,676

341
1,000
732
83,383
2,439
4,687
1,233
2,154
2,158
1,171
592
1,667

379
427
1,145
1,046
757
824
96,856 107,633
2,942
3,139
5,661
5,271
1,419
1,280
2,264
2,186
2,391
2,580
1,2641
1 368
631
712
1,991
1,837

486
1,268
911
124,388
3,370
6,337
1,621
2,625
2,927
1,369
804
2,262

783
506
1,470
328
12,785
346
842
615

876
573
1,562
352
13,804
384
886
666

889
531
1,656
341
14,175
398
858
621

986
614
1,837
375
15,799
419
983
660

1,118
667
1,950
399
18,027
447
1,076
739

1,174
650
2,042
408
19,162
454
1,132
780

1,163
649
2,181
417
20,079
461
1,115
762

1,178
826
2,381
438
22,465
526
1,269
884

1,199
874
2,570
417
23,905
523
1,324
944

1,205
844
2,811
428
24,604
517
1,321
957

1,270
862
2,886
425
26613
559
1,425
1,065

1,357
913
3,043
441
27 885
598
1 523
1,120

1,520
876
3,233
470
31 492
638
1 689
1,184

246,959

273,700

273,014

306,693

327,335

346,356

341,859

383,300

408,315

424,701

472,865

513,740

573,407

1952

1953

1954

1955

507
600
618
127986
480
1,066
329
631
931
2202
1 513
1,032

562
697
628
138 885
494
1,083
347
730
984
2374
1,650
1,142

574
691
638
140651
531
1,157
373
730
958
2241
1,634
1,185

653
725
723
1 52 425
588
1,317
424
845
1,053
2482
1,885
1,294

1,863
882
537
9,136
502
640
3 172
858

2,169
1,038
597
10,070
579
704
2 108
900

2,257
1,047
641
10,219
635
745
2005
871

312
1 107
245
951
3 679
554
392
158
421
1,915
816

328
1 140
263
1,015
4,253
600
432
158
445
1,796
882

210
732
479
52,161
1,293
2,655
753
1,076
1,673
834
388
996

1956

I960

1961

1962

1963

1964

Chicago District
Illinois
Aurora
Bloommgton
Champaign-Urbana
Chicago
Danville .
Decatur
Elgin
Joliet
Moline, etc
Peoria
Rockford
Springfield

..
..

Indiana
Fort Wayne
Gary
Hammond
Indianapolis.
Lafayette
Muncie
South Bend
Terre Haute
Iowa
Burlington
Cedar Rapids
Clinton
Davenport
Des Monies
Dubut]ue
Mason City
Muscatinc
Ottumvva
Sioux City
Waterloo
Michigan
Adrian
Battle Creek
Bay City
Detroit
Flint
Grand Rapids
Jackson
Kalama/oo
Lansing
M uskegon
Port Huron
Saginavv
Wisconsin
Green Bay
Kcnoshu
Madison
Manitovvoc
Milwaukee
Oshkosh
Racine
Sheboygan
otal, all centers

..
.

..

..

..
....

For NOTE see last page of Part B of this table.

Digitized for FRASER


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

357

BANK DEBITS
5.4
B,

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER OR SMSA,


ANNUALLY, 1941-70Continued

REPORTING CENTERSDEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, 1952-64 Continued
[In millions of dollars]

1952

District and center

1953

1954

1955

1957

1956

1958

1959

1960

1961

1962

1963

1964

St. Louis District


Arkansas
El Dorado
Fort Smith
Helena
Little Rock
Pine Bluff
Texarkana etc

Illinois
Alton
E St. Louis etc
Quincy

..

Indiana
Evansville
Kentucky
Louisville
Owensboro
Paducah

. ..

322
560
109
1,814
486
210

325
559
110
1,871
474
255

330
600
117
1,971
446
216

358
643
118
2,185
446
240

361
674
126
2,336
522
258

373
701
126
2,466
561
246

371
723
129
2,628
594
265

417
772
167
2,958
705
313

392
769
165
2,953
699
328

413
841
170
3,141
725
344

480
1,000
196
3,445
794
371

484
1,104
198
4,236
859 i
430

512
I 173
201
4,407
914
442

366
1,533
402

417
1,541
418

428
1,595
435

467
1,548
467

476
1,684
475

468
1,801
516

498
1,791
539

555
1,764
603

552
1,747 ^
617

552
1,688
659

593
1,662
689

634
1,633
745

664
1,637
787

1 688

1,995

1,828

2018

2,077

2,234

2,111

2,165

2,195

2,226

2,451

2,600

2847

7,987
496
505

8,544
493
491

8,793
469
390

9,804
554
335

10,629
584
330

10,626
604
357

10,602
605
394

11,348
673
437

11,224
686
465

11,534
715
477

12,060
779
510

13,712
865
579

15,195
919
617

285

301

332

353

352

343

357

429

428

446

486

550

568

153
114
643
22,304
137
802

169
114
739
24,109
146
820

168
110
750
24,238
157
856

183
121
822
26,426
180
975

207
128
962
28,353
188
1,072

213
139
1,131
29,160
203
1,133

209
148
1,394
28,742
215
1,251

248
159
1,497
31,496
227
1,399

273
165
1,595
33,873
236
1,397

261
173
2,020
35,331
249
1,451

272
188
2,176
37,919
280
1,576

294
192
2,264
42,712
317
U692

306
195
2,551
47,085
308
1,847

255
7,615

265
7,906

277
8,327

308
8,816

350
9,382

318
9,801

326
9,701

392
10,906

411
1 1,429

414
12,622

450
13,068

473
15,342

530
16,273

48,786

52,064

52,833

57,367

61,528

63,520

63,594

69,629

72,599

76,453

81,445

91,916

99,977

1,529
266
15,560
68
330
180
6,674
988
219

1,624
?81
16,143
71
357
183
6,951
881
226

1,571
304
16,928
73
363
203
7,021
904
230

1,698
321
18,116
77
381
227
7,663
887
241

1,881
343
19,374
85
430
254
8,148
882
246

2,018
366
20,375
88
548
277
8,430
959
253

1,863
406
21,159
97
603
297
9,038
1,127
267

1,902
446
23,348
102
639
333
9,928
1,067
274

1,956
467
24,770
108
681
366
10,544
1,064
287

1,943
469
26,953
101
741
389
10,986
1,072
308

1,985
514
29,002
101
827
416
12,034
1,103
325

1,931
515
33,240
109
880
441
13,513
1,044
335

2,021
585
36,565
118
929
493
14,675
1,049
366

709
577
651
438

754
564
625
389

842
525
673
408

912
626
719
421

965
741
761
445

988
737
816
498

1,072
664
832
552

1,166
642
912
556

1,156
653
958
595

1,159
648
1,044
615

1,167
664
1,114
647

1,194
660
1,166
681

1,292
692
1,206
111

241
77
758
266
90
259

247
69
715
258
91
247

261
73
753
269
87
244

262
74
791
292
96
275

274
78
845
326
103
301

302
87
924
373
113
338

346
106
1,006
346
124
370

383
126
1,063
373
135
406

379
137
1,061
405
135
427

400
152
1,121
450
138
437

409
151
1,143
450
141
484

451
154
1,230
481
151
548

523
161
1,317
559
175
543

267
920

262
903

267
893

275
1,013

291
994

306
1,045

306
1,299

324
1,461

336
1,441

343
1,455

359
1,547

388
1 641

414
1,800

433
440
193

481
494
193

472
501
185

494
556
194

545
635
222

583
647
238

606
684
?32

637
738
241

670
775
253

721
779
266

743
843
279

720
881
290

784
962
312

32,134

33,009

34,048

36,611

39,169

41,311

43,403

47,202

49,626

52,693

56,449

62,646

68,315

Mississippi
Greenville
Missouri
Cape Girardeau
Hannibal
Jefferson City
St Louis
Sedalia
Springfield
Tennessee
Memphis

Total all centers


Minneapolis District
Minnesota
Duluth
Mankato
Minneapolis
Red Wing
Rochester
St. Cloud. . .
St Paul
South St. Paul
^Vinona

-.

Montana
Billings
Butte
.
Great Falls
Helena
North Dakota
Bismarck1 .
Dickinson

-. .

Grand Forks
Jamestown
Minot
South Dakota
Aberdeen
Sioux Falls

..

Wisconsin
Eau Claire
La Crosse
Superior
Total all centers

.......

1
Beginning with the data for 1952 shown here, the figures for Bismarck
exclude debits to demand deposit accounts of the State and of other
political subdivisions held by a State-owned bank in the city. Accordingly,

Digitized for FRASER


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

debits were lowered by about 40 per cent as compared with the earlier
series, shown in Part A.
For NOTE see last page of Part B of this table.

358

BANK DEBITS
5.4
B.

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER OR SMSA,


ANNUALLY, 1941-70Continued

REPORTING CENTERSDEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, 1952~64^Continued
[In millions of dollars]

1952

District and center

1953

1954

1955

1956

1957

1958

1959

1960

1961

1962

1963

1964

Kansas City District


Colorado
Colorado Springs
Denver
Grand Junction
Greeley
Pueblo

656
8,903
222
356
619

673
9,158
251
330
677

794
9,748
292
355
706

960
10,951
405
372
791

1 013
11,925
407
363
844

1,106
13,546
435
395
922

1 192
14,576
434
481
956

1 317
16,295
457
559
997

I 277
17,611
460
659
1,002

1 358
19,927
479
748
1,047

1,520
21,028
492
908
1,089

1,673
21,845
496
1,001
1,159

1,923
22,726
520
1 ,045
1,309

Kansas
Atchison
Dodge City
Emporia
Hutchison ,
Independence
Kansas City
Lawrence .
Manhattan
Pa rsons
Pittsburg
Salina
Topeka
Wichita

124
214
140
539
112
1 048!
172
146
135
164
474
1,291
3,938

125
168
130
488
115
1 111
ISO
145
132
162
445
1,330
4,056

131
175
135
490
117
1,156
209
152
119
143
474
1,470
4,403

136
186
156
544
121
1,274
212
171
110
161
519
1,613
4,710

163
185
173
538
132
1,379
214
184
112
183
506
1,714
4,715

186
192
178
518
129
1,463
217
195
112
194
514
1,877
5,183

184
258
204
617
131
1,492
245
214
116
200
582
1,901
5,460

201
292
231
676
142
1,609
268
236
128
234
670
2,107
5,552

192
270
231
698
144
1,557
271
227
133
238
716
2,372
5,320

198
311
266
755
155
1,678
287
243
135
243
806
2,612
5,580

202
332
288
799
166
1,732
309
264
145
222
871
2,840
5,816

199
364
292
798
176
1,849
335
283
150
233
917
3,190
5.867

201
355
333
809
185
1,961
363
276
143
238
883
3,433
6,137

Missouri
Independence
Joplin
Kansas City
St Joseph

174
394
15,630
1 305

183
397
16,480
1 256

196
418
16,700
1,287

216
456
18,231
1,310

220
498
18,866
1.337

264
522
19,729
1,394

268
524
20,830
1,542

289
548
22,741
1,650

282
526
23,512
1,604

337
547
24,703
1,621

406
584
26,298
1,732

464
615
27,645
1,734

523
676
29,693
1,724

Nebraska
Fremont
Grand Island
Hastings
Lincoln.
Omaha

246
383
198
1,128
7529

256
362
208
1,208
7693

262
343
212
1,335
8,170

285
351
237
1,493
8 233

290
340
237
1,526
8,293

287
351
242
1,677
8,826

315
378
255
1,854
9,535

312
411
288
2,029
10,360

335
418
291
2,276
10,622

368
451
313
2,408
11,062

394
478
345
2,839
11,940

370
497
374
3,079
(2,273

373
517
418
3,203
12,658

New Mexico
Albuquerque
Santa Fe

1,400
398

1,618
423

1,665
472

1,877
526

2,117
528

2,436
608

2,885
653

3,414
754

3,412
739

3,462
824

3,638
914

4,024
994

4,218
1,173

Oklahoma
Bartlesvtlle
Enid
Guthrie
Lavvton
Muskogee
Norman
Oklahoma City
Okmulgce
Ponca City
Tulsa

2342
464
62
256
351
109
5,007
91
271
8,097

2358
438
61
233
351
119
5,266
98
270
8,796

2 36t
482
60
241
353
124
5,680
101
291
9,224

2,786
542
64
242
376
150
6,433
109
318
10,408

3,324
600
63
273
418
165
6,874
110
335
11,359

3,679
634
65
289
456
177
7,615
109
321
12,377

3,384
652
67
315
539
196
7,456
109
315
11,809

3 527
714
75
388
511
205
8,289
111
341
12,388

3 877
682
74
394
494
218
8,386
110
364
12,545

4069
781
72
416
503
245
9,419
114
409
12,896

4,326
801
76
447
507
283
10,259
117
406
13,457

4,211
771
75
484
522
315
11,134
120
490
12,922

4,063
832
78
521
539
346
12,235
(26
642
13,526

545
397

581
407

643
411

645
455

713
469

797
511

820
566

885
731

876
838

951
971

1,016
846

982
901

1,030
898

66,032

68,736

72,099

79,133

83,706

90,727

94,509

102,932

106,255

113,771

121,134

125,825

132,851

Wyoming
Casper
Cheyenne
Total all centers

. .

For NOTE see next page.

Digitized for FRASER


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

359

BANK DEBITS
5.4
B.

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER OR SMSA,


ANNUALLY, 1941-70Continued

REPORTING CENTERSDEBITS TO DEMAND DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND U.S. GOVERNMENT, 1952-64Continued
[In millions of dollars]

1952

District and center

1953

1954

1955

1957

1956

1958

1959

I960

1961

1962

1963

1964

Dallas District
Arizona
Tucson

. ,.

1 148

1,256

1 290

1 610

1 9IS

1,999

2230

2675

2781

3,165

4,368

3,735

3,758

Louisiana
Monroe
Shrevcport

....

577
2 258

597
2,404

593
2486

689
2907

771
3092

844
3,2S7

849
3 374

938
3 740

990
3970

1,023
3,974

1,113
4,022

1,203
4,155

1.353
4,176

New Mexico
Roswell

. ..

287

301

319

336

338

364

397

459

500

579

673

666

601

632
1,661
1,215
1,517
1,692
166
17 746
2,214
6061
934
19055
266
1 399
528
459
4 346
245
637
838
1 ,023

631
1,562
1,300
1,572
1,765
164
19 847
2,478
6 241
912
20, 1 63
243
!,302
557
442
4,603
226
690
903
985

693
1,574
1,416
1,395
1,872
163
21 495
2,377
6414
913
21 220
229
I 403
558
480
4857
208
730
966
1,019

821
1,862
1,638
1,483
1,992
183
24 168
2,733
7 241
954
23,400
252
1 637
643
527
5 5?l
219
860
1 043
1,157

999
894
1,931
2,113
1,782
1,946
1,866
1,650
2,079
2,264
185
192
27017
25 580
3,009
3,365
8 031
8 362
I 089
1,168
26,883
28,059
292
270
1 664
1,794
785
675
573
536
5809
6,146
232
234
980
906
1,109
1,052
1,182 . 1,196

1 040
2.265
2,157
1,791
2,204
201
27974
3,661
8 587
1 066
27,750
312
2031
779
592
6499
235
981
1,153
1,238

1 180
2,691
2,474
1,893
2,283
203
31 S|9
4,213
9431
1 068
30,207
324
2,451
762
650
7,223
264
I 044
1,308
1,444

1 180
2,638
2,562
1,928
2,291
204
34682
4,139
9 295
1,068
30,914
339
2,586
766
641
7,221
276
1,010
1,283
1,407

1,218
2,727
2,790
2,013
2,361
203
37.429
4.193
9.552
1,101
32,963
337
2,557
774
647
7,608
272
1,046
1,310
1,405

1 ,342
2,840
3,202
2,147
2,451
213
41 317
4,253
10038
1,158
37,292
411
2,723
767
675
8,287
310
1,159
1,440
1,436

1.295
3,017
3,436
2,328
2,564
229
42,770
4,386
10,263
1,210
39,936
429
2,970
766
698
8,967
353
1,240
1,493
1,485

1,395
3,510
3,615
2.542
2,739
239
46.635
4,531
10,680
1,242
45,093
452
3.239
793
758
9,397
374
1,312
1,596
1,632

66,906

71,142

74,668

83,879

91,554

96,924

99,363

110,442

114,669

121.246

133,638

139,594

151,663

3 533

3,614

3 691

4069

4,583

5,554

6,138

7,651

9,205

9,808

10,102

10,993

11,859

1,401
1,198
2,275
2 395
48447
680
6 580
1,523
612
6,652
864
4 140
36,948
1,895
520
338
972

1,445
1,163
2,233
2948
55,820
712
6,250
1,730
747
7,188
935
4,571
37,647
1,920
595
331
1,001

1,369
1,200
"> 248
3 101
56084
726
5947
1,894
790
7,763
991
4799
37,964
2,0(5
617
326
976

1,483
1,332
2414
3 608
62 335
830
6691
2,099
92?
8,939
1,218
5438
42,337
2,461
704
385
1,037

1,659
t,48E
2,697
4 098
65 774
847
7,849
?,301
1,096
10,270
1,339
6,649
47,355
2,933
854
428
1,139

1,698
1,489
2,709
4 302
71,4?9
880
8,573
2,489
1,205
11,749
1,324
7,752
49,422
3,417
949
451
1,120

1,8(0
1,527
2,803
4093
73 843
1,000
8 763
2,472
( 226
12,433
1,446
8 404
50,368
3,625
979
611
1 160

2,018
1,709
3,485
4375
83,143
1,078
9,830
2,824
1,409
15,295
1,606
10,561
54,553
4,541
1,120
697
1.618

2,119
1,794
3,769
4254
85,6^4
1,176
9,988
2,894
1,460
16,889
1,644
11,430
59,556
4,879
1,102
729
1,715

?,337
1,925
3,801
3,955
96,513
1,243
9,686
3,093
I.S3I
15.240
1,673
1 2,490
66,700
5,371
1,3 JO
821
1.872

2,939
2,259
3,815
4,568
1 1 7, 1 1 5
1,303
11,063
3,415
1,800
1 7,990
1,858
12,926
72,219
6,704
1.445
930
2,038

2,708
2,403
3,972
5,231
130,501
1,462
11,835
4,099
2,047
18,114
2,109
12,668
84,749
7,376
1,576
1,156
2,193

2,885
2,650
4,406
5,71 1
139,036
1,761
13,842
4.520
2,337
21,193
2,304
13,174
91,994
8,098
1,691
1,376
2,412

959

961

945

1,046

1,172

1,260

1,430

1,628

1,639

(.729

1,763

1,820

1,947

700

743

773

858

939

1,027

1,074

1,324

1,511

1,556

1,700

1,914

2,052

Oregon
Eugene
Portland
Salem

808
8,797
850

810
8,567
930

813
8,918
934

950
10,181
1,053

968
1 1 ,642
1,149

899
11,857
1,279

923
1 2,093
1,437

1,142
13,862
1,612

1,187
14,661
1,588

1,202
13,416
1,801

1 353
14,565
1,830

1,535
16,402
2,391

1,755
17,339
2,286

Utah
Ogden
Salt Lake City

887
3,366

883
3,727

847
3,875

872
4,637

960
5,208

1,038
5,727

lilt
5,653

I 159
6,408

1 160
6,646

1 191
6,947

I 262
7 738

I 481
8,562

1,597
9,029

Washington
Billingham
Everett
Seattle
Spokane
Tacoma
Walla Walla
Yakima

342
443
10,901
2,427
1,943
328
585

406
474
11,698
2,477
2,041
325
619

459
504
1 2,497
2,522
2,033
312
658

437
578
13,842
2,856
2,329
338
739

430
629
14,829
3031
2,553
352
751

457
607
15,844
3,180
2,471
359
782

458
647
16,068
3 130
2,490
370
835

489
726
18,822
3 365
2,739
419
883

509
741
19,154
3 469
2,829
433
865

490
773
20,068
3 534
2,888
431
903

498
825
22,736
3 442
3,206
454
988

550
911
24,987
3 637
3,399
492
I 056

560
958
27,430
4 114
3,743
456
1,130

Total, all centers

154,311

165,510

168,590

189,021

207,966

223,300

230,421

262,090

276,620

296 3 1 8

336 848

374 326

405,644

Texas
Abilene
Amarillo
Austin
Beaumont
Corpus Christi
Corsicana
Dallas
El Paso
Fort Worth
Galveston
Houston
Laredo
Lubbock
Port A r t h u r
San Angelo
San Antonio
Texarkana etc
Tyler
Waco
Wichita Falls
Total, all centers
San Francisco District
Arizona
Phoenix
California
Bakersfield
Berkeley
Fresno
Long Beach
Los Angeles
Modesto
Oakland
Pasadena
Riverside
Sacramento
San Bernardino
San Diego
San Francisco
San Jose
Santa Barbara
Santa Rosa
Stockton

..

....
..

Idaho
Boise
Nevada
Reno

. . ..

NOTEReporting banks in some centers have changed from time to


time over the period 1941-64. Dates of all such changes for the 1952-64
period and of any revisions aflecting comparability by 3 per cent or more

Digitized for FRASER


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

are shown, together with those for the 1941-52 period, in Part A of this
table. For details of changes see Table 5.5.

360

BANK DEBITS
5.4

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER


OR SMSA, ANNUALLY, 1941-70Continued
C. REPORTING SMSA'sDEBITS TO DEPOSIT ACCOUNTS, EXCEPT INTERBANK
AND U.S. GOVERNMENT, 1964-70
[In millions of dollars]
District and SMSA

1964

1965

1966

1967

1968

1969

1970

24 073
6,407
2,011
2,463

28,378
6,744
2,029
2,708

31,715
7,159
2,120
3,020

34 , 477
7,840
1,896
3,231

42 , 068
8,787
2,066
3,623

47 , 45 1
9,349
2,290
5,196

52,856
10,156
2,390
5,857

731
676
2,455

804
714
2,832

865
780
3,224

948
1,030
3,642

1,011
1,089
4,205

1 ,412
1,191
5,262

1,681
1,314
6,226

94,403
1 525
952
2,084
\ 464
1,252
924
7,108
4,713

112,060
1,662
1,042
2,194
1 , 554
1,389
973
7,418
5,284

134,568
,630
,146
2,112
,725
,520
,223
8,017
6,058

157,450
1,686
1,213
2,247
1,7(0
1,618
1,362
8,604
6,495

203,184
,848
,435
2,646
,862
,740
,566
9,954
7,219

238,450
1 ,983
1,615
2,981
2, (96
1,806
1,746
1 1,158
8,232

251,129
2,196
1,765
3,321
2,491
1,935
1,918
11,995
9,097

579
1,443

619
1,616

690
1,759

787
1,855

901
2,125

1,031
2,352

1,114
2,642

13,109

14,554

16,394

18,140

20,833

24,627

25,739

Boston District
Connecticut
Hartford
New Haven . . .
..
...
New London-Groton-Norwich. .
Waterbury
Maine
Bangor J
..
Lewiston-Auburn . .
Portland-South Portland
Massachusetts
Boston
Brockton
Fall River
Lawrence-Haverhill
Lowell
New Bedford .
Pittsfield
Springfield-Chicopee-Holyoke . .
Worcester . .
..
New Hampshire
Concord *
Manchester

..

Rhode Island
Providence-Pawtucket- Warwick .
Vermont
Burlington ' . . . . ,
Total, all centers. ,

885

1,046

1,290

1,545

1,857

2,217

2,683

1 69 , 258

195,619

227,013

257,775

320,016

372,543

398 , 504

5,440
3 319

6,614
3,591

7,628
4,081

7,706
4,577

8,799
5,362

9,318
6,131

9,552
7,070

9,435
43,643
16,488

10,701
49,896
18,392

15,186
54,906
20,595

15,076
57,552
22,545

17,935
65,143
26,395

21,912
73,211
30,960

1 9 , 040
77,161
33,957

3,116
20,058
1,925,341
14,840
9,133
3,061

3,373
26,327
2,138,489
17,095
10,762
3,395

3,664
29,095
2,502,238
17,535
12,460
3,928

3,802
32,725
2,921,183
19,279
13,499
4,260

4,045
36,612
3,635,164
21,765
14,803
4,722

4,379
40,728
4,068,557
25,143
15,487
5,256

4,795
44,024
4,517,715
25,182
17,767
5,747

2,053,873

2,288,634

2,671,317

3,102,203

3,840,745

4,301,081

4,762,010

22 , 695

30,571

43,392

41,386

49,944

62,904

66,600

1,979
8,375

2,190
9,540

2,394
11 , 344

2,467
12,725

2,706
15,194

2,940
17,834

3,295
20, 185

4,936
974
4,331
1,438
3,420
492
129,243
3,972
2,455
2,666
717
3,735

5,620
1,073
5,117
1,392
3,901
553
144,990
4,360
2,669
3,064
810
4,266

6,203
1,190
5,638
,480
4,299
591
160,474
4,509
2,876
3,373
904
5,014

6,382
1 , 267
6,154
1,502
4,378
619
1 75 , 402
4,734
3,124
3,653
968
5,449

7,234
1,390
6,581
1,705
4,812
685
199,489
6,051
3,622
4,048
1,116
5,967

7,834
1,522
7,551
1,870
5,477
785
232,924
7,320
3,784
4,534
1,363
6,557

7,949
1,622
8,480
2,073
6,291
825
271,099
8,101
3,935
4,789
1,571
7,198

191,430

220,116

253 , 68 1

270,207

310,544

365,198

414,012

New York District


Connecticut
Bridgeport
Stamford

..

New Jersey
Jersey City
Newark
..
Paterson-Clifton-Passaic
New York
Binghamton
Buffalo
..
New York
Rochester .
Syracuse
Utica.-R.ome

,.

Total all centers


Philadelphia District
Delaware
Wilmington
New Jersey
Atlantic City
Trenton
...
Pennsylvania
Allentown-Easton-Bethlehem . . .
Altoona
Harrisburg
.
Johnstown
Lancaster
Lebanon '
Philadelphia. .
Reading
.

Scran ton
Wilkes-Barre
Hazleton
.
.
..
Williamsport 1
York
Total all centers
For note see end of table.

Digitized for FRASER


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

361

BANK DEBITS
5.4

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER


OR SMSA, ANNUALLY, 1941-70Continued
C. REPORTING SMSA'sDEBITS TO DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND
U.S. GOVERNMENT, 1964-70Continued
[In millions of dollars]
District and SMSA

1964

1965

1966

1967

1968

1969

1970

Cleveland District
Kentucky
Lexington

2,864

3,120

3,360

Ohio
Akron . . .
Canton
Cincinnati
Cleveland .
Columbus
Dayton
Hamilton-Middletown
Lima
Lorain-Elyria
Mansfield
Springfield
Stcubenville-Weirton, W.Va
Toledo
Youngstown- Warren

10,386
3,685
29,021
63,188
19,193
10,588
2,040
1,705
1,431
1,491
J.452
1,184
12,617
5,412

11,860
4,169
31,671
69,330
22,199
11,929
2,290
1,876
1,613
1,680
1,568
1,357
13,261
6,142

13,284
4,787
34,934
75,458
29 , 630
13,220
2,442
2,015
1,852
1,801
1,762
1,416
13,667
6,884

Pennsylvania
Erie
Pittsburgh

2,886
86,011

3,190
91,818

3,716
101,524

West Virginia
Wheeling. . . .

;
!
i
1

3,638

3,728

4,203

4,446

13,910
5,115
37,468
79,213
32,192
14,128
2,669
2,374
1,960
1,846
1,872
1,518
13,917
7,039

14,785
5,708
42,306
89,197
38,876
15,465
2,893
2,636
2,236
2,074
2,013
1,656
17,611
7,578

17,561
6,859
51,816
104,398
49,179
17,770
3,162
2,663
2,510
2,339
2,280
1,863
18,956
8,267

21,501
7,797
51,765
108,756
60,221
19,818
3,499
2,871
2,757
2,695
2,303
1,951
17,797
8,716

3,726
112,241

4,028
125,750

4,668
143,274

5,446
159,311

1,890

2,054

2,195

2,258

2,324

2,830

3,032

257,041

281,125

313,947

337,082

380,863

444,596

484,681

District of Columbia
Washington

52,369

61,198

60,379

62,871

76,394

83,548

94,933

Maryland
Baltimore

34,721

38,072

42 , 749

46,442

51,807

57,710

Total all centers


Richmond District

North Carolina
Asheville
Charlotte
Durham
Fayetteville.
Greensboro- High PointWinston Salem
Raleigh
Wilmington
South Carolina
Charleston .
Columbia
Greenville .
Virginia
Lynchburg
Newport News-Hampton
Norfolk-Portsmouth- Va, Beach .
Richmond
.
....
Roanoke
West Virginia
Charleston
Huntington- Ashland, Ky
Total all centers

Digitized for FRASER


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

64,818
;

1,596
11,114
2,274
960

1,721
12,862
2,367
1,112

1,890
14,135
2,831
1,203

2,199
15,266
3,235
1,395

2,528
17,525
3,445
1,635

2,756
21,108
3.H91
1,942

12,004
6,925
879

13,570
7,424
997

15,798
8,657
1,156

17,042
10,012 i
1,267

20,315
10,745
1,500

22,839
12,718
1,644

24,943
15,213
1,760

2,361
4,660
3,645

2,541
5,335
4,124

2,746
6,300
4,573

3,045
7,200
4,936

3,405
8,267
5,600

3,828
11,002
6,590

4,207
12,892
6,980

1,345
2,168
6,963
16,432
3,020

1,452
2,437
7,606
19,678
3,378

1,581
2,648
8,047
20,455
4,153

1,626
2,730
8,393
19,970
4,383

1,810
2,999 !
9,676
22,425 !
4,962 !

2,230
3,333 ;
10,662 !
30,455
5,845

2,750
3,687
11,985
36,993
6,403

3,703
2,715

4,229
2,965

4,992
3,076

5,305
3,287

5,614
3,379 ;j

6,492
3,618 1

7,168
4,220

169,853

193,067

207,369

220,603

254,030 j

292,211 i

331,356

362

2,904
22,975
4,372
2,154

BANK DEBITS
5.4

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING


OR SMSA, ANNUALLY, 1941-70Continued

CENTER

C. REPORTING SMSA'sDEBITS TO DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND


U.S. GOVERNMENT, 1964-70Continued
[In millions of dollars]
1964

District and SMSA

1965

1966

1967

1968

1969

1970

Atlanta District
Alabama
Birmingham
Gadsden
Huntsvillc
Mobile
Montgomery
Tuscaloosa

14,153
670
1 897
4,657
2,912
902

15,882
713
2,079
5,082
3,183
947

17,555
764
2,137
5,531
3,510
1,064

1 8 , 668
728
2,162
5,844
3,647
1,168

21,031
778
2 306
6,376
3,978
1 306

22,394
812
2 458
7,238
4,434
1 479

24,126
860

Florida
Ft Lauderdale- Holly wood
Jacksonville
Miami
Orlando
Pen S3 co lit
Tallahassee
Tampa-St. Petersburg
West Palm Beach

5 474
14,175
19,784
5,255
1,845
1,142
11,910
3,977

5,947
17,685
21,765
5,703
2,057
1,326
13,563
4,517

7,166
17,020
24,443
6,196
2,169
1,476
14,693
4,779

7 784
17,830
27,553
6,651
2,338
1,676
16,309
5,012

9 816
20,184
34,545
7,764
2,588
1,862
19,379
6,074

1 2 , 624
23,071
41,103
8,745
2,904
2,199
23,599
7,477

13,660
24,432
45,195
10,018
3,285
2,523
26,561
8,240

Georgia
Albany
Atlanta
Augusta
Columbus
Macon
Savannah

873
40,214
2,083
2,116
2,217
2,622

1 ,020
45,061
2,674
2,224
2,444
2,674

1,080
50,292
3,208
2,382
2,708
2,954

1,062
59,761
3,468
2,620
2,984
3,202

1,211
68,935
3,719
2,947
3,308
3,669

1,333
83,099
3,665
3,353
3,883
3,996

1,533
94,327
3,785
3,510
4,080
4,070

4,422
1,042
1,211
22,119

5,268
1,244
1,328
25,076

5,933
1,410
1,575
27,556

6,515
1,490
1,761
28,462

7,350
1,696
1,943
30,612

8,020
1,943
2,050
32,010

9,488
2,074
2,031
33,476

5,465

6,103

6,845

7,667

8,509

9,689

10,371

5,273
4,304
12,857

5,938
4,810
14,889

6,650
5,133
16,467

7,121
5,523
19,641

7,783
6,226
22,909

9,418
6,902
22,732

10,474
7,210
23,695

195 568

221,201

242,693

268 , 645

308 , 804

352 631

386,161

1,321
1,702
342 , 005

1,397
1,811
381,328

1,635
2,031
445,777

2,333
2,070
504,364

2,596
2,201
595,585

2,783
2,450
718,749

3,252
2,634
824,889

4,904
2,066
4,893
3,390
2 310

5,266
2,234
5,312
3,854
2,625

6,068
2,489
5,797
4,227
2,918

6,398
2,421
6,236
4,566
3,133

7,405
2,523
6,770
5,049
3,416

7,906
2,733
7,354
5,246
3,698

8,256
3,113
8,020
5,305
4,185

Indiana
Fort Wayne
Gary-Hammond-East Chicago. .
Indianapolis
Lafayette- West Lafayette
Jvluncie
South Bend
Terre Haute
.

4,937
5,504
21,796
1,424
1,539
4,337
1,789

5,698
6,070
23,893
1,649
1,699
4,713
1,939

6,550
6,805
28,387
1,918
1,835
5,137
2,106

6,849
7,114
29 , 376
2,128
1,956
5,235
2,125

7,890
8,385
33,365
2,360
2,125
5,642
2,256

9,030
9,383
37,553
2,553
2,337
6,051
2,396

9,376
9,818
43,480
2,853
2,650
6,490
2,608

Iowa
Cedar Rapids
Des Moines
Dubucjue
Sioux City
Waterloo

. ..

2,547
10,491
1,104
2,597
1,649

2,798
12,620
1,248
2,893
1,828

3,074
14,487
1,393
3,144
2,030

3,234
15,819
1,407
3,068
2,139

3,548
16,904
1,608
3 335
2,244

3,900
18,943
1,757
3,580
2,359

4,094
21,908
1,860
3,685
2,505

Michigan
Ann Arbor
..
Bay City
. . ,
Detroit
..
Flint
Grand Rapids
Jackson
Ka la ma zoo
Lansing-East Lansing.
Muskegon-Muskegon Heights. .
Saginaw .

2,091
932
132,218
3 , 700
7,191
1,655
2,642
3,691
1,370
2,525

2,335
1,060
149,553
4,359
8,164
1,946
3,014
4,158
1,591
2,860

2,679
1,193
1 70 , 368
4,864
9,246
2,103
3,333
4,620
1,783
3,176

2,972
1,188
173,246
5,200
10,430
2,118
3,437
5,070
1,848
3,265

3,279
1,292
207 , 275
5,918
12,036
2,415
3,801
5,475
2,007
3,851

3,608
1,512
240 , 486
6,523
14,101
2,772
4,233
5,971
2.154
4,110

3,935
1,555
266,497
6,974
15,286
2,734
4,577
6,187
2,155
4,659

Wisconsin
Green Bay
tCenosha
Madison
Milwaukee
Racine

1,778
940
3,725
35,357
2,010

1,995
1,086
4,064
39,619
2,270

2,227
1,079
4,458
43 , 734
2,437

2,416
1,060
4,932
48,266
2,566

2,714
1,045
5,807
53 , 806
2,734

2,953
1,317
6,429
61,617
3,024

3,192
1,404
7,934
69,828
3,151

Total all centers

624,130

698 , 948

805 , 104

879,986

1,028,658

1,211,570

1,371,048

Louisiana
Baton Rouge
Lafayette
Lake Charles
New Orleans

..

Mississippi
Jackson
Tennessee
Chattanooga
Knoxvitle
Nashville

.. ..

Total all centers

2,656
8,159
4,781
1,543

Chicago District
Illinois
Bloomington-Normal
Champaign-Urbana
Chicago
Davenport-Rock IslandMoline la
Decatur
Peoria
Rockford
Springfield

Digitized for FRASER


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

BANK DEBITS
5.4

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTER


OR SMSAS ANNUALLY, 1941-70Continued
C REPORTING SMSA'sDEBITS TO DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND
U.S. GOVERNMENT, 1964-70 - Continued
[In millions of dollars)

1964

District and SMSA

1965

1966

1967

1968

1969

1970

St, Louis District


Arkansas
E\ Dorado '
Fort Smith . . . .
Helena *
Little Rock-North Little Rock. .
Pine Bluff
Tcxa rka na Tex
Illinois
Quincy '
Indiana
Evansvillc
Kentucky
Louisville
Owcnsboro
'
Paducah l . .
Mississippi
Greenville '

..

.....

Missouri
Cape Girardeau
'
Hannibal l ,
St. Louis]
Sedaliu
Springfield
Tennessee ]
Jackson
Memphis

. .

Total, all centers

512
1,607
201
5,022
935
903

556
1,641
240
5,6)3
1,021
911

622
1,833
286
6,236
1,085
1 053

670
2 029
278
6,531
1,191
1 263

769
2,257
288
7,394
I 261
1 460

889
2 499
303
8,038
I 374
1 529

939
2 648
275
8,949
1 505
1 411

787

837

936

989

1 114

1 198

1 290

3 447

1 898

4 223

4 724

5 097

5 298

5 545

16 271
919
617

I B 129
968
683

20 034
1,027
808

20 906
1 079
847

23 842
1 ' 176
927

26 937
1 261
958

28 725
1 ^53
984

568

607

680

707

858

S-iS

355
195
65,621
308
1,943

392
220
75,950
289
2,213

446
226
86,297
329
1
2,353

486
235
96 729
330
2 631

523
245
107 881
415
3 205

600
258
119 828
527
3 520

676
270
142 491
607
3 B6I

530
17,228

602
18,240

682
20,158

736
21,286

803
23,989

922
26,306

949
30 255

117,968

133,010

149,312

163,646

183,413

203,103

233,603

2,839
56,505

3,069
63,408

3,559
77,445

3,664
89,762

4,111
109,973

4,244
139,155

4,218
150,931

1,127
1,222

1,500
1,372

1,606
1,554

1 630
1,705

1,780
1,806

1,975
2,020

2 149
2 289

1 821

1,975

2,147

2 340

2 542

2 731

2 824

766 '

Minneapolis District
Minnesota
Duluth-Superior, Wise
Minneupolis-St. Paul
Montana
Billings
Great Falls

North Dakota
JFargo-Moorhciid Minn.
South Dakota
Sioux Fulls

1,889

1,937

2,118

2 221

2,466

2,692

2 909

Total all centers

65 , 402

73,260

88,429

101 321

122 678

152 818

165 320

1,986
26, 140
1,309

2,220
27,994
1,350

2,373
31,838
1,359

2,569
33,926
1 394

2,889
38,811
1 446

3,369
48,168
1 480

3 914
52 966
1 568

3 489
6,815

3,980
7,533

4,701
8,410

5 272
8,678

6,336
9,583

7 100
10,986

7 682
11 634

Missouri
Kansas City, Mo,-Kans
St Joscpti
..

35,056
1,740

38,827
1,829

44,630
1,977

48,301
1 991

56,922
2,224

61,881
2 478

67,470
2 500

Nebraska
Lincoln
Omaha

3 289
13,816

3,272
14,698

3,560
15,902

3 808
17,084

4,530
18,451

4 923
20,799

5 755
22 751

4 218

4,419

4,646

4,978

8,215

10,126

9 697

628
1 3 , 602
14 445

674
14,597
16,287

713
16,062
17,997

810
17,010
19,467

874
18,605
20,869

999
21,441
22,442

1 044
24 315
22 806

126 532

137,679

154,166

165,288

189,755

216,189

234 101

Kansas City District


Colorado
Colorado Springs
Denver
Pueblo
Kansas
Topcka
Wichita

. .....

New Mexico
Albucjucrduc
Oklahoma
Law ton
Oklahoma City
Tutsa
Total all centers

...

For note see end of table.

Digitized for FRASER


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364

BANK DEB,
5.4

BANK DEBITS BY FEDERAL RESERVE DISTRICT AND BY REPORTING CENTE,


OR SMSA, ANNUALLY, 1941-70Continued
C.

REPORTING SMSA*sDEBITS TO DEPOSIT ACCOUNTS, EXCEPT INTERBANK AND


U.S. GOVERNMENT, 1964-70Continued
[In millions of dollars]

District and SMSA

1964

1965

1966

1967

1968

1969

1970

Dallas District
Arizona
Tucson

3 772

3 844

3 915

4 351

4 588

5 449

6 5"

Louisiana
Monroe
Shreveport

1,505
4 584

1,752
4 835

1,902
5 326

2,060
5 781

2,192
6 360

2,539
8 165

2,7!
9 2;

New Mexico
Roswell l

622

628

639

648

709

868

9C

1 617
3,801
3,623
4,014

1,733
3,974
3,936
4,718

1 879
4,266
4,257
5,263

1 797
4,363
4,887
5,485

1 840
5,016
6,669
5,738

1 995
5,395
8,798
6,115

2 1C
5,8!
8,8
6,1!

1 161
2,943
307
49 , 527
4,557
11,756
1,861
47 545
452
3,324
976
1,624
1,028
758
9 569
1,356
1 724
1 845

1,228
3,523
307
54,733
4,766
1 2 , 708
1,919
54,477
506
3,412
1,063
1,662
1 126
830
10 627
1,497
1 877
1 956

1 304
3,766
336
63,397
4,867
13 961
1,937
60 979
567
3,556
1,176
1,577
1 263
904
11 614
I'' 580
2 061
2 075

1 356
3,994
360
72,621
5,221
15 418
2,139
68 713
630
3,569
1,317
1,632
1 235
929
12 341
1 649
2 211
2 016

1 526
4,436
398
88,117
5,715
18 270
2,409
79 311
732
3 758
1,460
1 762
1 334
1 046
14 472
1 857
2 479
2 181

1 610
4,780
414
111,721
6,582
20 383
2,567
91 792
833
4,266
1,558
1,948
1 571
1 162
15 872
2 128
2 781
2 277

1 8
5,42
44
121,0?
7,1'1
22 4
2,83
100 8
93
4,4!
1,64
1,9"
1 6

165,852

183,636

204 , 366

226,723

264 376

313,570

341, 6X

13,928

14,723

16 385

18 079

20 727

24 217

30 8S>

13,592
4,027
5 330
207,737
2,795

14 941
4,349
5 682
212,053
3,000

16 257
4,495
6 024
239,542
2,997

18 242
4,638
6 239
266,869
3,244

22 710
5,181
7 041
319,646
3,730

27 213
6,010
7 757
378,749
4,893

28 88
6,83
8 94

422,06
6,4f

9 888
16,597
125,048
14 860

10 327
16,401
140,912
15 478

10 606
17,807
175,372
16 782

10 649
21, 181
184,839
18 286

12 006
24 301
230,738
22 OH

13 738
29,035
314,281
26 771

15 41
30,92
368, 3 3
27 02

2,722
3,219

2,896
3,598

3 142
3 , 763

3 432
3,845

4 219
4 883

4 687
5,628

5 2"
5, 47

Idaho
Boise

2,124

2,529

2,881

3, 139

3 450

4 566

5 5C

Nevada
Las Vegas
Reno

4,060
2,307

4,024
2,632

4 176
2,751

4 347
2,772

5 172
2 863

6 248
3,267

6 73
3,73

Oregon
Eugene-Springfield
Portland

2,294
20,258

2,590
22,532

2,730
24 288

2,757
26 515

3,166
31 430

3,499
39 498

3,46
41 6C

Utah
Ogden
Salt Lake City

1,597
10,304

1,672
11,678

1 683
12,624

1 828
13,428

1 994
14,693

2 134
17, 145

2 31
17, 9C

Washington
Seattle-Everett
Spokane
Tacoma

3 1 , 342
4,415
4,419

33,271
4,913
5,146

40,307
5,202
6,331

44,471
5 422
7,757

50,011
6 081
9,685

62 , 867
6 859
8,906

60,82
7 41
8,74

502,862

535,346

616, 144

671 980

805 738

997 969

1 1 14 78

Texas
Abilene
Amarillo
Austin
Beaumont-Port Arthur-Orange.
Brownsville-HarlingenSan Ben i to
Corpus Christi
Corsicana '
Dallas
El Paso
Fort Worth
Galveston-Texas City
Houston
Laredo
Lubbock
McAllen-Pharr-Edinburg
Midland
Odessa
San Angelo .
San Antonio
Ty leiWaco
Wichita Falls
Total, all centers

1 24

17 7"1
2 2
3 02

2 2t

San Francisco District


Arizona
Phoenix
California
Anaheim-Santa AnaGarden Grove
Bakersfield
Fresno
Los Angeles-Long Beach
Oxnard-Simi Valley-Ventura. . . .
San Bernardino-RiversideOntario
Sitn Diego
San Francisco-Oakland
San Jose
Santa Barbara-Santa MariaLompoc
Stockton

Total all centers


1

City only; not a SMSA.

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365

BANK DEBITS
5.5 CHANGES IN REPORTING BANKS
In the following centers, additions to number of reporting banks or
offices increased reported debits by^ per cent or more. First full year
in which the additional respondents were included and the approximate
percentage effect on the figures are shown beside the center.

Boston District:
New Haven, Conn
Lowell, Mass
Pittsfield, Mass
Springfield, Mass.
Brockton, Mass
New York District:
Stamford, Conn
Elizabeth, N. J
Jersey City, N. J
Montclair, N. J
Newark, N. J
New York, N. Y
Philadelphia District:
Atlantic City, N. J
Allcntown, Pa
Bethlehem, Pa
Harrisburg, Pa
Reading, Pa
Scranton, Pa
York, Pa
Richmond District;
Raleigh, N. C
Wimington, N. C
Wilson, N. C
Danville, Va
Newport News, Va
Norfolk, Va
Portsmouth, Va
Richmond, Va
Roanoke, Va
Huntington, W. Va
Parkersburg, W. Va
Atlanta District:
Dothan, Ala..
Gadsden, Ala
Jacksonvile, Fla
Miami, Fla
Orlando, Fla
St. Petersburg, Fla
Tampa, Fla
Albany, Ga
Atlanta, Ga
Augusta, Ga
Valdosta, Ga
Baton Rouge, La
Lake Charles, La
Knoxville, Term
Chicago District:
Champaign-Urbana, 111
Chicago, 111
Decatur, III
Davenport, Iowa
Dubuque, Iowa
Kalamazoo, Mich
Green Bay, Wis
Milwaukee, Wis
St. Louis District:
Helena, Ark
Owcnsboro, Ky..
Paducah, Ky
Sedalia, Mo
Minneapolis District:
Billings, Mont
Sioux Falls, S. D
Kansas City District:
Colorado Springs, Colo
Denver, Colo
Kansas City, Kans
Topeka, Kans
Independence, Mo
Lincoln, Neb..
Omaha, Neb
Albuquerque, N. M
Oklahoma City, Okla
Tulsa, Okla

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Year

Increase
(per cent)

1948
1959
1962
1962
1963

4
12
21
10
10

1958
;1958
1963
1961
1951
1961
1943

23
3
23
4
8
M
7

1961
1961
1961
1963
1961
1964
1964

13
4
6
3
15
5
20

1960
1961
1963
1952
,M943
;i959
1943
1943
1943
1943
1956
1964

6
5
5
13
5
15
8
18
3
5
9
3

1959
1959
"1952
1
1959
1956
1959
1959
'1948
11959
'1949
'1943
M959
1959
1959
1959
1961
1957

18
7
4
4
3
14
20
10
8
19
14
5
5
13
25
6
28

1949
1943
1957
1943
1943
1956
1943
1943

4
7
4
13
21
6
7
11

1943
1943
1958
1943

59
28
1!
47

1949
1950

15
3

1957
'1951
1957
1957
1943
1961
1957
1957
1951
,'1951
*19S7
1955

5
12
4
6
59
14
5
4
8
4
8
3

Year

Increase
(per cent)

1950
\1961
1950
1950
1950
1964
1950
1964
1950
1964
1943
1950
1963

%
4
4
11
10
3
13
4
6
3
5
6
4

1948
< 1957
1959
Fresno, Calif.....
1959
Modesto, Calif..
1959
s
1964
Pasadena, Calif.
. .. ..
1951
San Bernardino, Calif.. . . . . . . . . . . . . . . . . . . . . . . 1959
Santa Rosa, Calif.
1958
Stockton, Calif.
1959
Boise, Idaho
.. ..
1949
Reno, Nev
1951
Salem, Ore
1955
Seattle, Wash.
1951
Yakima, Wash
i960

4
6
5
10
5
3
10
6
10
24
7
11
8
5
3

Dallas District:
Tucson, Ariz

Shrcveport, La..
Roswell, N. M
Abilene, Texas
Amarillo, Texas.
Corpus Christi, Texas
Corsica na, Texas.
Lubbock, Texas
San Angelo, Texas,
San Antonio, Texas

Wichita Falls, Texas


San Francisco District:
Phoenix, Ariz... .

In the following centers, reductions in number of reporting banks or


substitutions of one or more banks for those previously reporting decreased reported debits by 3 per cent or more. Year in which change
occurred And the approximate percentage effect on the figures are shown
beside the center.
Boston District:
Lawrence, Mass
Holyokc. Mass
New York District:
Passaic, N. J
Puterson-Passaic, N. J
Philadelphia District:
Norristown, Pa

Year

Decrease
(per cent)

1958
1962

19
60

1949
1959

6*
3

1961
15
1962
4
Chester, Pa..
1962
20
Harrisburg, Pa
1964
16
Hazleton, Pa
1964
16
Richmond District:
Richmond, Va
1962
7
Minneapolis District:
Grand Forks, N. D
1958
8
Dallas District:
Amarillo, Texas
1964 (
6
* C ha nge oce u r red beginning June 1949. For a f ul 1 yen r' s re porting, figures would be about 10 per cent less than those obtained
formerly.

In the following centers, figures for the years shown were corrected
or revised. Figures for previous periods that may have been affected
were not changed, but the percentages shown indicate the approximate
extent to which figures for the immediately preceding year would he
changed to obtain comparability.
Change
Year (per cent)
Boston District:
Holyoke. Mass....
1947
19
Cleveland District:
Toledo, Ohio
1944
f 4
Richmond District:
Richmond, Va..
1961
- 4*
Atlanta District:
Albany, Ga
1959
--25
Savannah, Ga
1961
11
Chicago District:
South Bend, Ind
1953
-37
Ottumwa, Iowa
1954
6
Dallas District:
Tucson, Ariz
1963
-20
San Francisco District:
Sacramento, Calif.
1961
-20
Portland, Oregon,
1961
7
* Corrected figures beginning August 1961. Figures from May
1958 through July 1961 are overstated by about 7 per cent.

366

Section 6

BANK INCOME
Contents
INTRODUCTION

.369

PROVISION FOR LOAN LOSSES .

.373

COMPARABILITY OF DATA

.370

COMPARABILITY OF DATA _

.373

THE 1941 CHANGEMEMBER


BANKS

370

INCOME AND OPERATING


RATIOS OF MEMBER BANKS-

374

THE 1941 CHANGEINSURED


COMMERCIAL BANKS

371

SOURCES OF ADDITIONAL
DATA.

374

THE 1961 CHANGEALL INSURED


BANKS
371
1948 CHANGE TO RESERVE
METHOD OF ACCOUNTING

372

THE 1969 CHANGEINSURED


COMMERCIAL BANKS

.373

ACCRUAL ACCOUNTING BASIS

.373

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APPENDIX A
CHANGES IN 1961 IN CLASSIFICATION OF BANK EXPENSES

375

APPENDIX B
MAJOR CHANGES IN 1969 IN
THE REPORTING OF BANK
INCOME AND EXPENSES

367

__ 376

Tables

6.1

Member Bank Income, Expenses, and Dividends, 1941-70;


and by Class of Bank, 1970
_____ 378
6.2 Member Bank Income Ratios, 1941-70; and by Class of Bank, 1970
384
6.3 Member Bank Income, Expenses, and Dividends, by Class of Bank,
1945, 1955, and 1965.__
_^^__ 390
6.4 Member Bank Income Ratios, by Class of Bank, 1945, 1955, and 1965 ._
392
6.5 Member Bank Income, Expenses, and Dividends,
by Federal Reserve District, 1970
A. All Banks
, 394
B. Reserve City Banks
__,_ 396
C. Country Banks
_____________ 398
6.6 Member Bank Income Ratios, by Federal Reserve District, 1970
A. All Banks
___

400
B. Reserve City Banks
.__
402
C. Country Banks ^___
404
6.7 Member Bank Income, Expenses, and Dividends, by Size of Bank, 1970
._ 406
6.8 Member Bank Operating Ratios, by Size of Bank and by
Ratio of Time to Total Deposits, 1970
408
6.9 Member Bank Operating Ratios by Ratio of Time to Total Deposits,
by Size of Bank, 1970__.
____,.___ 410
6.10 Member Bank Operating Ratios, by Federal Reserve District, 1Q70
412
6.11 Insured Commercial Bank Income, Expenses, and Dividends, 1941-70 _____ 414

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368

Section 6

BANK INCOME

INTRODUCTION

Reports of bank income and expenses are of


value both to bank supervisors in reviewing
the condition of individual banks and to bank
officers and stockholders. Statistics compiled
from these reports provide significant information for credit and fiscal authorities and for
others concerned with general banking and
credit developments. The level of bank income
has a long-run effect on the stability of the
banking system. Banks should have sufficient
revenue to (1) pay reasonable expenses, (2)
retain sufficient funds to insulate capital
against the losses that banks must anticipate,
(3) maintain capital funds for the protection
of depositors, and (4) provide capital as a
basis for growth of the banking system. Income and prospects for income also determine
whether an individual bank or the banking system as a whole can obtain new capital from
investment markets.
Income statistics for all member banks of
the Federal Reserve System (Tables 6.1-6.10)
and for all insured commercial banks (Table

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6,11) are presented in this section. Details of


annual income and expenses for the period
1941-70 are shown for both groups of banks.
For member banks, there are additional breakdowns that indicate the types of data available
such as by size of bank, or by class of bank,
or by Federal Reserve district. There are similar breakdowns for income ratios. Data for
insured commercial banks by size of bank
similar to those in Table 6.7 for member
banks for 1970are available in publications
of the Federal Deposit Insurance Corporation, but are not shown here. There are no
breakdowns here by type of bank (national or
State) as there were in Banking and Monetary
Statistics (1914-41).
Tables 6.1, 6.3, 6.5, 6.7, and 6.11 show not
only amounts of revenue and expenses but also
average annual amounts of assets, deposits,
and capital accounts. The number of call reports on which these averages are based for
each year of the period 1941-70 are shown in
the accompanying table.
369

The figures for numbers of officers, employees, and banks shown in the tables are as of
the year-end.
Tables 6.2, 6.4, and 6.6 provide member
bank income ratios that are computed from
the dollar aggregates shown in Tables 6.1, 6.3,
and 6.5, respectively.
Operating ratios of member banks for 1970
are provided in Tables 6.8-6.10. Balance
sheet figures used in the compilations were obtained by averaging the amounts shown in
each bank's official condition reports submitted
for December 31, 1969, June 30, 1970, and
December 31, 1970.
Data for national member banks are based
on annual income and dividend reports submitted to the Comptroller of the Currency;
those for State member banks, on reports submitted to the Reserve Banks. Data for insured
commercial banks are assembled by the Federal Deposit Insurance Corporation.

Call Reports Used in Computing Average Asset


and Liability Data
Year

No. of
calls

Date
End of previous year, end of
current year, and:

Member banks:

1941
1942-43, 1945,
1963-64
1944, 1946-48,
1965-68, 1970
1949-60

5
4

1961-62 *
1969

4
2

Calls for 3 intervening dates


Calls for 2 intervening dates

Call for 1 intervening date

Calls for middle of current


year, plus last-Wednesdayof-month figures for the
10 intervening months
Calls for 2 intervening dates1
June 30 and December 31 of
current year only

Insured commercial banks:


1941-62, 1964-65,
1970
1963
1966-68

Call for 1 intervening date

4
3

1969

Calls for 2 intervening dates


Beginning, middle, and end
of each year
June 30 and December 31
of current year only

Autumn call substituted for end-of-current-year call.

COMPARABILITY OF DATA *
Three major changes in reporting instructionsin 1941, 1961, and 1969and two
major changes in accounting procedurein
1948 and in 1969affect the comparability of

the data in tables shown here with those that


were published in Banking and Monetary Statistics (1914-41) and with those that were
published annually in the Federal Reserve
Bulletin, usually in the May issue. The following paragraphs describe the changes in composition of various items, and also the nature and
effects of the changes in accounting procedures.
Appendixes A and B outline in detail the
changes in reporting procedures in 1961 and
1969, respectively.

^or 1963-65, data for national banks have been


adjusted to make them comparable with State member bank data. Revenue and expenses incident to
Federal funds transactions have been classified as interest and discounts on loans and as interest on borrowed money, respectively.

THE 1941 CHANGEMEMBER BANKS


"OTHER CHARGES ON LOANS" were included
in "collection charges, commissions, fees, etc."
in the figures for 1941 published in Banking
and Monetary Statistics (1914-41), but are
included here for 1941 in "other charges, fees,

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Federal Reserve Bank of St. Louis

etc." Beginning with 1942, they have been


shown separately, and they appear under this
caption throughout the period beginning with
1942 in the accompanying tables.
"FOREIGN DEPARTMENT" income, shown as
370

Section 6

a separate item in the 1914-41 publication, is


included here in "other current revenue."
"REAL ESTATE TAXES" and "OTHER TAXES"
(including taxes on net income) were shown
separately in the earlier publication but are included here in "other current expenses." In
1942 these taxes were separated into two
parts: (1) "taxes on net income," which have
been shown as a separate item since that time,
and as a deduction from net current earnings
rather than an expense, and (2) "taxes other
than income," which were shown as a separate item until 1961, but are included in the
accompanying tables in "other current expenses" because they were no longer available

separately after the 1961 revision, as indicated


later.
"RENT RECEIVED" was shown as a separate
item in 1941, but is included here for the period 1941-60 in "other current revenue."
"RECURRING DEPRECIATION" on real estate
was included under "losses and depreciation
on banking house and equipment" in 1941, but
is included here for the period 1942-60 in
"other current expenses." For the period
1961-68, this item was included in "net occupancy expense," under "expenses." Beginning
with 1969, it has been incorporated into "occupancy expense of bank premises (net)" and
is shown under "operating expenses."

THE 1941 CHANGEINSURED COMMERCIAL BANKS


"SERVICE CHARGES ON DEPOSITS" were included in "collection and service charges,
commissions, fees, etc." in Banking and Monetary Statistics in 1941 but are included here in
"other charges, fees, etc." for 1941. For 194270 they have been shown separately.
"OTHER CHARGES ON LOANS" were included
in "interest and discount on loans" in 1941,
but have been shown separately for 1942-68.
"TRUST DEPARTMENT" income was included
in "other current revenue" in 1941, but has
since been shown separately.
"RENT RECEIVED" is included in "other current revenue" for the period 1941-60.
"TAXES ON NET INCOME," which were

shown as "taxes" through 1941, have been reported separately since then. Throughout the
period 1941-70 they have been treated as a
deduction from net current earnings rather
than as an expense, as shown in Banking and
Monetary Statistics (1914-41).
"RECURRING DEPRECIATION" formerly
shown as part of "all other" losses and depreciationis included here in "other current
expenses" for the period 1941-60. For 196168, this item was included in "net occupancy
expense," under "expenses." Beginning with
1969 it has been incorporated into "occupancy
expense of bank premises (net)," and is shown
under "operating expenses."

THE 1961 CHANGEALL INSURED BANKS


In 1961 the form used by banks in reporting certain items of income and expenses was
revised; as a result the following items shown
in the accompanying tables are not entirely
comparable with those for earlier years: (1)
"salariesofficers"; (2) "salaries and wages
others"; (3) "other current expenses"; and
(4) "other current revenues."

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As a result of the changes in the composition of these items and other reporting
changes, the following expense items are available separately for the years 1961-68: (1)
"officer and employee benefits"; (2) "net occupancy expense"; (3) "furniture and equipment."
Two other items that had formerly been
371

Bank Income

available separately are reported in combination with other items for the years 1961-68:
(1) taxes other than on net income, which are
now included in "other current expenses" (with
certain exceptions); and (2) "recurring depre-

ciation/' which is now included in "furniture


and equipment" and "net occupancy expense."
Appendix A shows in detail all of the changes
made in 1961, including the change in treatment of rental income.

1948 CHANGE TO RESERVE METHOD OF ACCOUNTING


For several years during the early part of
the period covered by this section, Federal tax
law permitted commercial banks to set up
"reasonable" reserves for bad debt losses out
of taxable income, subject to interpretation of
the word "reasonable" in light of the circumstances surrounding each particular case. In
December 1947 a ruling by the Commissioner
of Internal Revenue provided a fixed formula,
based on a bank's prior experience, for determining allowable deductions from taxable income for the establishment and maintenance of
reserves for bad debt losses on loans. With
certain exceptions, the amounts that might be
set up were limited to three times the annual
allowable deduction, This formula has undergone some modification since 1947. In 1965
the ruling was revised to provide for accumulation of such reserves up to a fixed percentage
of total loans. The 1969 changes that affect
this entire subject are detailed later.
As of the end of 1964, 67 per cent of the
6,225 Federal Reserve member banks were
using the reserve method of accounting for
bad debt losses on loans. Comparable percentages for years prior to the ruling, were they
available, doubtless would be quite small.
Although net income reported by member
banks is reduced somewhat while such reserves
are being built up, the long-term tendency is to
limit the fluctuations in net income that result
from losses on loans. In other words, by using
the reserve method, banks build up reserves
during prosperous years to offset possible
losses in other years.
It should be noted, however, that the longterm smoothing of net income through use of a

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372

reserve method of providing for losses does


not preclude using figures for these reserves in
analyzing losses as they occur. For such purposes it is necessary to combine (1) losses
charged against the current year's net income
by banks that do not use the reserve method
and (2) losses that do not directly affect the
current year's net income of other banks because they are charges against reserve accounts
with the realization, of course, that the latter losses were provided for by charges against
net income in prior years.
Figures in the income tables published in
the annual Bulletin article represent condensations of figures published herein for years prior
to 1969, as described below:
1. Recoveries on securities and loans as
shown in the summary tables are obtained by
combining the recoveries credited to net income and the recoveries credited to valuation
reserves (shown as memoranda in the detailed
tables here). The combined figures represent
the gross recoveries of member banks during
the year regardless of the accounting methods
of the individual banks.
2. Likewise, losses on securities and loans
shown in the summary tables in the Bulletin
article are a combination of the losses charged
against net income and the losses charged to
valuation reserves (shown as memoranda in
the detailed tables here). These totals represent the gross losses of member banks during
the year regardless of the accounting methods
of the individual banks.
3. The items of net additions to valuation
reserves on securities and loans represent the

Section 6

combination of four amounts: the sum of the


two items that increase valuation reserves
(transfers to the reserves reported in the body
of the detailed tables, plus recoveries credited
to the reserves reported as memoranda) less

the sum of the two items that decrease valuation reserves (transfers from the reserves reported in the body of the detailed tables, plus
losses charged to the reserves reported as memoranda).

THE 1969 CHANGEINSURED COMMERCIAL BANKS


Appendix B describes the major changes instituted in 1969, particularly the changes in
income-tax accounting and in reporting requirements. Some of the most significant changes
and their effects on comparability of the various series are amplified below.

preferred, a figure representing its actual net


loan losses for the year. The amount of the
minimum allowance could be calculated by
one of several methods prescribed by bank supervisory authorities. And amounts exceeding
those determined by these methods were permitted. The method that a majority of the
banks appear to have used was an average of
the ratio of actual net loan losses to average
loans outstanding for a 5-year period (including the current year), which the banks then
applied to average loans outstanding in the
current year. These banks are required to
charge against the reserve for losses on loans
all losses sustained during the year. Banks are
permitted to deduct all or part of the transfers
to this reserve from their income and to treat
the balance, if any, as a transfer from capital
accounts. For the relatively few banks that do
not operate on a reserve-accounting method
fewer than 300 small institutionsthe provision for loan losses, shown as an operating
expense, represents actual net loan losses for
the year.

ACCRUAL ACCOUNTING BASIS


Accounting on an accrual, rather than a
cash, basis is now required for significant accounts for all banks in the following size
groups: (1) beginning in calendar year 1969
all banks with total resources of $50 million
or more, and (2) starting in calendar year
1970all banks with total resources of $25
million or more.

PROVISION FOR LOAN LOSSES


Prior to 1969, provisions for loan losses
were treated as nonoperating transactions. For
banks on a reserve-accounting basis the
amounts transferred to Internal Revenue Service reserve for bad debt losses on loans were
deducted from net operating income; for other
banks the amounts deducted were those for actual losses on loans.
In 1969for the first timefigures reported for operating expenses included a minimum provision for loan losses. For banks that
operate on a reserve-accounting methodand
most of them dothe provision for loan losses
was computed as either (1) an allowance for
probable losses on loans, or (2) if the bank

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COMPARABILITY OF DATA
Net income as a percentage of total capital
accountsa figure used in years prior to 1969
as a measure of bank profitabilityis not entirely comparable in 1969 and 1970 with data
for previous years because of the effects of
consolidation of earnings of domestic subsidiaries and of shifts by some banks from cash to
accrual accounting methods beginning in 1969
for both of which no adjustment could be

373

Bank Income

made. The ratio of net income to total capital


accounts was at a record high11.1 per cent
in 1969. Nevertheless, the 1969 changes instituted by bank supervisory authorities probably had relatively minor effects on earnings for
the year.
Most of the other items affected by the
changes are also not comparable with data for
years prior to 1969. Among such items are:
1. "Other operating expenses";
2. "Other operating income";
3. "Other charges, fees, etc.";

4. "Other charges on loans," previously


shown separately by insured commercial
banks, are now included in "loans: interest
and fees"; and
5. "Occupancy expense of bank premises
(net)" beginning with 1969 is shown as an
operating expense, with "occupancy expense
(gross)" and "rental income" shown separately
under "memoranda items." For 1961-68 rental
income had been deducted from occupancy
expense, and the result had been shown as
"net occupancy expense" under "expenses."

INCOME AND OPERATING RATIOS OF MEMBER BANKS


bank regardless of its size, whereas ratios computed from aggregate dollar figures reflect primarily the performance or position of those
banks (usually very few) whose figures are disproportionately large. Averages of individual
ratios are useful primarily for studying the
financial results of operations of individual
banks, whereas ratios based on aggregates
show results for the banking system as a
whole and, broadly speaking, are the more significant for purposes of credit and of monetary
analysis.

There are important differences between the


two types of ratios presented here. Tables 6,2,
6.4, and 6.6 present income ratios, which reflect relationships between aggregate dollar figures of various groups of banks; Tables
6.8 to 6.10 present what are often referred to as
"operating ratios"that is, arithmetic averages
of ratios computed for individual banks.
These two types of ratios sometimes show
wide variations, owing to differences in relative
weights of banks of different size: average operating ratios assign an equal weight to each

SOURCES OF ADDITIONAL DATA


the Comptroller of the Currency and of the
Federal Deposit Insurance Corporation. More
detailed information frequently can be found
in the original sources.

Most of the earnings figures in the tables


were taken or computed from material that
has been published annually in the Federal
Reserve Bulletin and in the annual reports of

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374

Appendix A

Changes in 1961 in Classification of Bank Expenses

Previous reporting
procedure

Type of item
Salaries and wages (including bonuses
and other extra compensation) of officers and employees working on bank
building or related housekeeping functions

Combined with salaries


and wages of other bank
officers and employees.

Taxes related to salaries and wages paid


by the bank on its own account
for example, social security and unemployment taxes, and so forth

Included in taxes other


than income.

Other expenses of employee benefits except taxes and direct compensation


paid by the bankfor example, hospitalization and life insurance premiums, pension contributions, cost of
medical services, net cost of restaurant,
and so forth

Included in other current


operating expenses.

Recurring depreciation on bank premises


and leasehold improvements
Recurring depreciation on furniture and
equipment

All recurring depreciation combined in a separate item.


]

Present reporting
procedure
Reported as separate item
under occupancy expense.

Officer and employee


benefits shown as a separate item; expenses related to building officers
and employees shown
separately under occupancy expense.

Reported as separate item


under occupancy expense.

Included as a separate
item, furniture and equipment expense.

Other furniture and equipment expense


for example, servicing, maintenance,
rentals paid, uncapitalized costs, and
so forth
Rent paid on bank premises
Maintenance, repairs, and uncapitalized
alteration costs of bank premises and
leasehold improvements
Insurance, utilities (heat,
water), and so forth

light,

Included in other current


operating expense.

Reported as separate
items under occupancy
expense.

and

Taxes on bank premises and leasehold


improvements
Taxes other than those related to officers
and employees and to furniture and
equipment or bank premises and leasehold improvementsfor example, franchise taxes and taxes on other real
estate

Included in taxes other


than income.

Included in other current


operating expenses.

Included in other current


operating revenue.

Deducted from gross occupancy expense to derive


net occupancy expense.

Current-operating-revenue item reclassified as offset to expenses:


Rental income from bank premises and
other credits such as income from bank
premises affiliate

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375

Appendix B

Major Changes in 1969 in the Reporting of Bank Income and Expenses


Type of change or item

Previous reporting procedure

Present reporting procedure

Use of accrual accounting

On either a cash or an accrual basis


depending upon the bank's method of
bookkeeping. In actual practice most
large banks had been reporting on an
accrual basis for some years.

Accrual accounting now required for


significant accounts for all banks in the
following size groups beginning:
In calendar year 1969, for those with
total resources of $50 million or more.
In calendar year 1970, for those with
total resources of $25 million or more.

Consolidated income
statement

Income, expenses, and dividends items


for bankexclusive of subsidiaries. Return on investment in subsidiaries reported as income on securities.

A line-by-line consolidated income statement of the bank is required; it must include income and expenses of its majority-owned bank premises subsidiaries
and its other majority-owned significant
domestic subsidiaries in the appropriate
items.

Treatment of discount
on securities purchased below par or
face value

Most commonly shown as profit on securities only when securities were sold
or exchangedor in some cases systematically recognized in current income during period in which security
was held,

Accretion of discount on securities purchased below par or face value in current income is encouraged but not
required. Deferred income taxes applicable to the amount accreted are to be
provided for in current period.

Income tax accounting


and reporting

Income taxes for the year were reported in one sum on a cash or accrual
basis. Adjustments for refunds and deficiency payments and for all over and
under accruals of prior years were included. Most large banks reported on
an accrual basis.

Beginning in 1969 all banks must bring


(accrue) the reported provision for income taxes to a current basis; that is,
the provision must relate to income and
expense items reported for the current
year. The reported tax figure must be
allocated between amounts applicable to
operating income and the tax effect of
the net of profit and loss on sales of
securities and extraordinary charges or
credits.

Income on trading-account securities

Included in interest and dividends on


securities.

Included in other operating income net


of losses and incidental expenses.

Provision for loan losses

Included in nonoperating transactions.


Banks on a reserve-accounting basis
were permitted to deduct from net operating earnings transfers to loan loss
reserves set up to provide for possible
loan losses, and banks without such
reserves were permitted to deduct actual
net losses and charge-offs on loans.

Included as an operating expense before


calculation of operating income before
taxes. As a minimum all banks on a
loan-loss, reserve-accounting basis must
report against this item an estimated
amount representing a 5-year average
of losses as an amount that might reasonably be expected in the current loan
portfolio, or an amount representing
actual net loan losses for the current
year.

Exclusion from net income of transfers to


and from reserves on
loans and on securities

Related to above. Transfers to and from


reserves on loans and on securitiesto
provide for prospective but undetermined losseswere classed as nonoperating items that increased or decreased
net income.

Transfers to and from reserves for loans


and securities, in excess of amount included in the expense item "provision
for loan losses'* referred to above, are
shown as increases or decreases in capital accounts net of tax effect. (The
totals are reportedand reconciledin
a separate section relating to reserves
on loans and securities.)

Gains or losses on securities sold

Gross losses and gross profits on securities sold (before income taxes) reported as nonoperating transactions increasing or decreasing net income but
not affecting operating income.

Totals of net gains or of net losses on


securities sold are reported gross (before
income taxes) and net (after income
taxes) as separate items before determination of net income.

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376

Appendix BContinued

Previous reporting procedure

Present reporting procedure

charges

Extraordinary charges or credits reported separately on a gross basis (before income taxes) as nonoperating
transactions. Also included with these
were certain miscellaneous but recurring
transactions such as losses on bad
checks.

Total net extraordinary charges or


credits are reported gross (before income taxes) and net (after income
taxes) as separate items before determination of net income. Miscellaneous
but recurring losses and recoveries are
now reflected in other current operating income or expenses.

Income on Federal
funds sold and securities purchased under
agreement to resell

Included in interest and discounts on


loans.

Reported as a separate item of operating income.

Service charges and


other fees on bank
loans

Shown as a separate item.

Reported in interest and fees on loans.

Included for the most part in interest


and dividends on "other securities,"

Reported as a separate item.

Obligations of States
and political subdivisions

Included in interest and dividends on


"other securities."

Reported as a separate item.

Other securities

Included in interest and dividends on


"other securities."

Reported as a separate item. Also now


excludes dividends from investments in
consolidated domestic subsidiaries.

Shown as separate items.

Included in salaries and wages of officers and employees.

Expense
of Federal
funds purchased and
securities sold under
agreement to repurchase

Included with other interest and discounts on borrowed money.

Reported as a seperate item under operating expenses.

Occupancy expense of
bank premises

Included in current operating expenses


and in considerable detail in a separate
schedule.

Reported "net" as an operating expense


with gross expense and rental income
shown separately. Also affected by the
consolidation of bank premises subsidiaries.

Interest on capital notes


and debentures

Included with dividends on preferred


stocks and shown as a deduction after
net income,

Shown separately as an operating expense.

Recoveries on securities
previously charged off
prior to sale or redemption

Included in nonoperating item "recoveries on securities1' increasing net income,

Reported in reserve for losses on securities or as "other operating income."

Securities charged off


prior to sale or redemption

Included in nonoperating item "chargeoffs on securities" reducing net income.

Reported in reserve for losses on securities or as "other operating expenses."

Minority interest in consolidated subsidiaries

Not reported.

Reported separately as a deduction before determination of net income.

Type of change or item


Extraordinary
or credits

Interest and dividends


on
Securities of Government agencies and
corporations (other
than U.S. Treasury)

Salariesofficers
Salaries and
employees

wages

NOTE.The changes in reporting reflected here are the result of the combined efforts of several groups, including the accounting
community, the banking industry, and the bank supervisory agencies.

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377

BANK INCOME
6.1

MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70; AND BY CLASS OF BANK, 1970
(Income and expense items in thousands of dollars; asset and liability [terns m millions of dollars)
Item

Revenue. ., ... . . .
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
..
Service charges on deposits
Other charges fees etc
. .
Trust department
Other current revenue
Expenses
Salariesofficers. . . .
Salaries and wages others
Officer arid employee benefits
Directors* fees etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment.
Other current expenses

N e t income

1944

1945

1946

1,416,866

1,486,734

1,650,170

1,873,768

2,102,177

2,402,532

2,578,629 ' 2,82H,342

765.828
552,128
1 0,849
76,407
45,137
96,333
103,488

959,787
548,274
14,900
$5,500
53,206
104,333
107,768

996,802
' 139,368
571,776
16,386
87,499
63,833
112,134
314,379

1,053,532
147,586
760,668
11,717
99,634
67,827
13 E . I 9 5
130,373

920,821
854,803 ' 859,218
149,166
157,844 , 168,502
1.028,863 1 t 28 4 >.454 ; 1,405,636
14,855
18,331
21,434
119,254
141,133 ij 157,957
65,803 :
6S.329 I
64,497
135,934 i 147,513
151,384
143,933
153,935
157,012

1,126,733
187,503
337,440

1,267,633
208,237
371,374

1,468,550
242,422
457,020

1 ,649,980
269,456
527,525

8,169
139,930 '
124

1,038,787
174,877
312,125
i1 . .
8,539
8,706
123,707
128,289
353
110

9,514
144,103
967

10,757
182.874
2,286

12,401
211,603
2,175

13,731
235,948
2,461

987,917
163,264
262,639

Recoveries, transfers from reserves,


and profits
On securities:
Profits on securities
Recoveries . . .
. . .
. . .
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
....

Net income before related taxes

1943

64,869
37,799 r
93,116
110,649 '

Net current earnings before income taxes. .

Taxes on net income


Federal
State

1942

445,281
665,152

...

Losses, charqe-offs, and transfers to


reserves
On securities:
Sold
Charge-ofTfs prior to sale
.. .
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves. .
All other

1941

. . .

1,795.225 1,888,915
297,325 ' 318,189
57M68 i 607,92?
14,910 ,
250,48?
3, 133

16,064
261,102
3,336

404,081

419,019

447,206

492,105

542,929

600.859

650,902

682,29?

485,178

611,383

747,035

834,544

933,982

928,649

1,033,117

1 ,096,724

278,339

188,466

312,333

318,133

453,785

355,805

232,065

242,523

182,476

128,956
63,989

59,911
48,301

93,854
81,812

116,267
82,821

238,835
113,221

183,010
53,58?

89,64?
40,358

54,754
26,477
23,363

63,943
1 3,447
22,289

55,903
24,351

72,533
64,134

72,540
46,505

55,918
45,811

63,742
55,466

59,082
42,978

33,908
45, S4?
58,474

18,125
24,9 1 8
39.753

317,525

223,050

250,972

232,183

229,856

246,962

251,205

421,175

317,875

137,731

102,691

101,559

97,146

117,785

115,455

101,342

68,334
35,521

30,857
28,004

64,770
55,589

63,360
86,053

60,283
74,754

46,54!
65,530

61,492
70,015

102,653
47,210

23,184
247 J 78
46,358

19,152
191,254
48,60?

450,594

672,744

832,985 j 1,058,473

1,042,825

909,509

854,465

961,325

67,530
67,530

115,491
102,976
12,515

183,715
169,136
14,579

279,062
250,28 1
19,781

285,026
264,512
20,514

256,518
239,481
17,037

233,556
218,711
14,845

275,066
257,069
17,997

389,763

383,064

557,253

649,270

788,411

757,799

652,991

620,909

686,259

210,618
12,745
197,873

203,007
1 1 ,090
191,917

208,368
10,828
197,540

226,002
9,687
216,315

24S,934
8,262
237,672

266,647
5,873
260,774

280,942
4,304
276,638

293,818
3,856
289,952

312,666
3,488
309, 1 78

7,017
9,305

2,399
17,512

1 7,079
39,645

5,144
61,857

34,187
54,736 |
7,382
32,450
1 ,496

35,249
54,063
7,847
30,098
1,554

58,905 f
26,489 f.

>

83,590
96,204 !'

....

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans ,
Losses charged to reserves: $
On securities
On loans,

'l

Assets, deposits, and capital accounts:


Loans
.
U S Ciovt securities
....
Other securities
Cash assets4.
, .
Other assets
....

2,985,639

413,791

389,763

1,001,556
169,912
290,625

1949

1948

428,949

Cash dividends declared


On preferred stock '
On common stock

539,673 ;
639,721 1
9,040
68,177
36,271
91,925
101,927

1947

16,699
17,753
5,994
23,062
1,536

17,218
25,408
5,842
22,705
1,437 ,

16,229
48,182
5,286
23,243
1,359

17,682
60,324
5,131
24,482
1,301

1 9,8 1 5
71,795
5,566
26,700
1,256

24,258
71,217
6,384
29,171
1,285

29,326
60,05 1
6,959
30,375
1,321

65,044

72,610 f

94,299

108,920

125,132

132,315

128,033

130,250

...

12,458
58,717
5,798

12,413
66,103
5,977

14,176
87,381
6,304

17,198
101,484
6,712

21,487
116,983
7,243

25,905
123,453
7,868

27,905
118,711
8,29 1

28,721
120,447
8,630

N u m b e r of officers
Number of employees

. . ..
....

36,476
176,466 i

35,604
182,023

36,398
190,354

37,693
193,279

39,903
207,460

42,512
230,442

44,960
241,011

46,278
247,628

47,454
250,367

Number of banks

....

6,619 t

6,679

6,738

6,814

6,884

6,900

6,923

6,918

6,892

Total assets
Time deposits
Total deposits
Total capital accounts 1 .

. .

For notes see third page following.

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378

128,810
!

29, 1 45
118,264
8,999

BANK INCOME
6.1

MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70;


AND BY CLASS OF BANK, 1970Continued
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)

Item

1950

1951

1952

1953

1954

1955

1956

1957

Revenue . . . .
.
Interest and dividends on securities:
U S Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges fees etc
Trust department
Other current revenue

3 264 686

3,668,715

4 119 649

4 590 236

4 826 113

5 342 589

6 078 173

865 063
190 173
1 ,607,967
26068
172 489
70 754
170 519
161 655

831 920
210,766
1,974,325
28 670
186,872
79 003
182421
174 737

929 307
214528
2,269,944
35 936
197 734
82871
1 94 430
174901

1 O i l 000
251 777
2591,483
40 538
218 831
92 324
207 218
177 065

1 066 379
'272'808
2662,168
49 079
252,266
1 02 484
235 655
185 274

1 118 106
295 606
3,021,843
61 362
274 024
109 755
266 992
194 902

1 100589 1 167 739


307 846
339 451
3 662 480 4 136,112
71 803
62685
310 165
354 187
121 585
136 558
309 105
340 234
203 719
224 875

Expenses
Salaries officers
Salaries and wages others
Officer and employee benefits
Directors* fees, etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
. .
Other current expenses

2 019 746
344 777
655 151

2 231 946
375 298
750 039

2 501 091
408 330
835 300

2 781 518
447 142
924 348

2 998 535
478 877
983 820

3 265 126 3 679 898


553 292
511 736
1 059 667 1 1 8 1 906

17 449
271 016
3 895

19,150
305 536
9,077

21 514
364 503
19 825

23 714
424 738
22 657

25,541
493 649
7985

727 458

772,847

851 619

938 920

1 008,662

I 101 471

1 222 066

1 339 180

Net current earnings before income taxes

1,244,941

1,436,769

1,618,558

1,808,718

1,827,578

2,077,463

2,398,275

2,548,583

218 570

148 624

125 008

132 274

551,971

212 508

225 807

169 938

82 149
12 789
36799

51 881
13,531
10936

29 047
9*954
19 646

34 603
9 847
25 877

374 610
1 1 ,709
43 142

50 668
18 317
37 547

27 526
12578
39 745

57 162
8,190
19 345

22 548
26960
37 327

17 577
25,622
29076

16966
24734
24 660

23 158
15 729
23 060

27 353
54,558
40599

20 741
47,728
37 508

14 309
73 279
58 370

14037
36,848
34 357

313,661

338,857

306,381

383,477

479,263

613,959

879,830

655,063

72,103
28,418

83,851
27040

139,880
48 299

58,549
118,857

195,493
63,086

276,573
97001

206,908
78,269

14 269
1 66 272
49 565

13,555
180034
44747

15,652
132 896
46942

20,416
1 1 1 976
62906

17,771
196 140
87,946

17,843
265 632
71,904

21,851
407 544
76862

15,675
280 887
73,324

1,149,850

1,246,536

1,437,185

1,557,515

1,900,286

1,676,013

1,744,253

2,063,459

369,060
346 909
22 151

490,919
465 480
25,439

607,850
578 682
29 168

692,252
660 206
32045

804,188
762 686
41,502

690,770
655 361
35,410

717,688
677 206
40,482

894,515
848,679
45,836

780,790

755,617

829,335

865,263

1,096,099

985,242

1,026,565

1,168,944

345,522
2 835
342 687

370,504
2,587
367917

390,430
2310
388 121

418,652
1 955
416 697

456,145
2,030
454 116

500,941
1,730
499 211

546,931
1,592
545 339

603,767
1,485
602,282

3 036
17016

2085
25,054

4 308
28,088

767
28930

2936
34,682

2719
33,589

3 185
35,443

2,099
43,673

5 808
46 329

15 919
55,581

24642
54,938

33 926
74,494

15 247
74,746

65 502
75,669

92 830
108,536

71,394
100,611

39098
54916
9 398
29 854
1 622

47,016
50075
10583
33,727
1 811

51,169
51 811
11 557
35,564
1 977

56,142
51 091
11 923
35,608
2049

57,513
54,485
12 844
35,774
2 306

64,651
53,453
13 876
36,047
2620

74,279
47,554
13 421
36,924
2,883

79,024
46,081
13,579
37,435
3,450

Total assets

134 889

143,212

1 52,079

156,813

162,921

170,646

175,061

179,568

Time deposits
Total deposits
Total capital accounts'*

29,506
123 559
9 455

30,074
130 760
9 947

32, 1 20
138 398
10480

32,647
38,053
142 380
148,198
11 043 "^ 11 724

39,983
1 54,464
12499

41,200
157,561
13270

44,596
160,753
14,108

48 967
263 643

50,553
282 266

52,652
300 868

54639
315 972

56,541
323 945

58,623
342 181

61,325
363 639

63,410
378,317

6873

6,840

6,798

6,743

6,660

6,543

6,462

6,393

Recoveries, transfers from reserves,


and profits
... .
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Gharge-offs prior to sale
Transfers to reserves . .
On loans:
Losses and charge-offs
Transfers to reserves
All other

Net income before related taxes


Taxes on net income
Federal
State

...

Net income
On preferred stock * . . .
On common stock
Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves :3
On securities
On loans

Assets, deposits, and capital accounts:


Loans
U S Govt securities
Other securities
Cash assets4 .
.
Other assets

Number of officers
Number of employees
Number of banks

..

32,623
50933

For notes see second page following.

Digitized for FRASER


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

379

27 189
543 122
21 942

29 161
649 679
43 793

6 770 958

4 222 375
592 380
1 284 885

30856
927 199
47 875

BANK INCOME
6.1

MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70;


AND BY CLASS OF BANK, 1970Continued

(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Item

1958

1959

I;

fl

'

I960

1961

'<

1962

1963

1964

1965

Revenue
Interest and dividends on securities:
U S Govt
Other
....
. .
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department
Other current revenue

7,126,594

8,074,868

8,927,868

9,216,795 10,153,594 11,169,491 12,385,803 13,841,782

1,266,176
411,403
4,245,404
80,902
388,500
139,686
364,360
230,163

1,398,835
444,652
4,925,848
95,397
421,689
149,399
408,503
230,545

1,414,361
467,351
5,640,438
89,469
463,666
162,140
442,083
248,360

1,537,142
513,410
5,773,423
96,221
494,535
164,256
483,580
154,228

1,686,765
629,130
6,319,741
115,200
532,409
175,259
529,701
165,389

1,725,561
773,150
7,072,778
127,034
567,682
180,270
556,684
166,332

1,741,509
911,252
7,970,810
140,430
607,193
207, 1 84
631,043
196,382

Expenses
* ... . .
Salaries officers
Salaries and wages -others
Officer and employee benefits
Directors* fees etc
Interest o n time deposits . . . .
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

4,616,925
632,081
1,349,170

5,139,614
680,090
1,438,261

5,654,675
731,508
1,557,204

32,485
1,123,415
23,183

:: 1,456,591::

34,586
1,279,719
75,898

36,884
1,434,259
84,220

1,631,060

1,810,600

6,073,550
778,428
1,585,010
330,584
38,844
1.720,414
36,402
423,592
179,876
980,400

7,041,375
830,300
1,671,111
363,561
40,692
2,358,132
62,542
458,634
217,703
1,038,700

7,930,985
892,580
1,768,197
393,150
43,230
2,857,600
104,074
500,550
254,865
1,116,739

8,894,583 10,206,320
968,442 1,047,366
1 871 935 1 ,976,578
420,078
448,318
48,610
45,855
3,383,524 4,214,144
122,054
183,695
598,174
549,756
333,664
296,599
1,236,340 1,355,771

2,509,669

2,935,254

3,273,193' 3,143,245

3,112,219

3,238,506 3,491,220

777,390

296,179

503,710

627,393

396,291

409,072

274,775

329,907

611,514
8,157
54,261

41,693
25,448
106,235

283,991
10,336
51,287

402,424
7,133
79,598

216,336
4,377
50,147

140,361
2,902
56,705

58,301
5,473
53,978

67,456
5,133
90,954

13,892 i
53,173 1
55,738

19,883
66,545
71,668

10,230
47,237
80,771

10,035
51,859
63,537

10,551
124,361
74,192

10,369
56,385
90,269

10,524
73,105
82,735

1,199,926

847,465

808,173

703,795

737,728

845,272

982,477

32,174
18,200
210,042

51,169
9,230
84,632

42,929
9,9 1 7
56,646

79,732
8,378
65,260

70,068
4,850
54,176

Net current earnings before income taxes


Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries
,
Transfers from reserves
On loans;
Recoveries
Transfers from reserves
AJ1 other

15,848
39,679 t
47,93 1|

. ,

Losses, charge-offs, and transfers to


reserves
On securities:
Sold
Charge-off s prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
.. .
Transfers to reserves
All other

681,456

1,686,444
1,078,870
9,127,320
167,776
653,233
223,910
667,907
236,322

3,635,462

74,869
253,282

666,514
157,997

195,526 \'
142,435

15,109
240,813
97,383

15,382
273,068
86,965

22,813
389,856
96,835

21,051
417,095
109,611

16,825
451,526
90,413

16,165
516,448
95,623

16,845
551,796
123,261

19,302
723,997
110,084

Net income before related taxes

2,605,603

2,031,507

2,929,438

2,962,465

2,804,715

2,909,850

2,920,723

2,982,892

Taxes on net income. .


Federal
State

1,148,409
1,081,498
66,911

774,622
728,418
46,204

1,240,662
1,165,534
75,128

1,250,492
1,170,215
80,277

1,109,798
1,021,782
88,016

1,078,789
991,081
87,708

997,626
909,928
87,698

879,965
788,710
91,255

1,457,194

1,256,885

1,688,776

1,711,973

1,694,917

1,831,061

1,923,097

2,102,927

646,178
1,566
644,612

689,721
1,461
688,260

734,830
1,173
733,657

792,635
1,113
791,522

831,955
1,064
830,891

877,770
2,578
875,192

960,847
24,270
936,577

1,057,517
52,248
1,005,269

8,919
61,132

2,848
66,050

16,476
58,052

10,510
67,224

3,541
71,942

5,724
81,604

4, 1 36
139,413

3,703
100,276

18,823
109,169

195,044
101,989

43,652
233,782

18,350
212,941

11,950
196,822

14,860
273,439

42,030
319,906

21,338
346,200

80,819
51,604
15,721
37,916
3,893

88,848
50,125
16,476
38,402
4,047

96,671
45,609
16,018
39,063
4,719

100,446
50,415
17,660
41,068
5,508

108,551
52,343
21,328
43,548
5,977

122,732
51,043
26,321
44,968
6,594

137,915
47,945
30,307
47,698
7,471

158,774
45,702
34,658
51,916
8,475

Total assets

189,953

197,898

202,080

215,097

231,746

251,657

271,336

299,525

Time deposits
,,
Total deposits
Total capital accounts'*

51,054
170,058
15,086

54,142
176,303
15,898

55,598
177,862
16,820

63,099
189,983
17.917

73,097
205,029
19,066

85,505
221,479
20,266

97,538
238,862
21,932

112,962
263,661
24,050

65,694
381,086

68,072
399,285

71,698}
418,339'!

74,734;
410,080

78,406
420,886

82,045
433,299

87,087
444,016

91,419
459,882

6,312

6,233

6.113J

6,047

6,108

6,225

6,221

Net income

Cash dividends declared


On preferred stock l
On common stock.

. .
. .

Memoranda items:
Recoveries credited to reserves: 2
On securities.
On loans
Losses charged to reserves: 3
On securities
On loans ,
Assets, deposits, and capital accounts:
Loans
U.S. Govt. securities
Other securities
Cash assets4 , . . . . ,
Other assets

Number of officers
Number of employees
Number of banks

, ,
, .

For notes see next page.

Digitized for FRASER


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

380

6,174

BANK INCOME
6.1 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70; AND BY CLASS OF BANK, 1970
Continued
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Item

1968

1966

1967

Revenue
Interest and dividends on securities :
U.S. Govt
Other
,
Interest and discounts on loans
Other charges on loans
Service charges on deposits
Other charges fees etc
Trust department.
....
Other current revenue

16,071,561

17,859,325

20,818,930

1, 702 , 010
1,265,154
10 888,811
197,255
704,693
265,378
733,131
315,129

1,934,117
1,561,149
1 1 , 889 , 290
238 678
756 876
315 144
796 052
368,019

2,207,884
1,928,753
13,819.900
322,641
803,261
371,036
879,559
485,896

Expenses
SalariesOfficers
Salaries and wages Others
Officer and employee benefits
Directors* fees, etc.
Interest on time deposits
Interest on borrowed money. . .
Net occupancy expense
Furniture and equipment.
Other current expenses

11 941,190
1 148,460
2 141,458
507,199
52,707
5,213,416
293,884
653,828
369,420
1 560,818

13 506 714
1 258,581
2 389 628
562 614
56 774
6 091 355
258 999
708*705
429 433
1 750 625

15,757,560
1,395,341
2,701,603
633,234
61,947
s 7,108,056
s 516,231
783,113
505 626
5
2 052,419

4 130,371

4 352 <jn

5,061,360

Recoveries, transfers from reserves, and profits . .


On securities :
Profits on securities . .
Recoveries
Transfers from reserves ...
On loans :
Recoveries. ...
Transfers from reserves
AH other

284,223

351,589

261,068

50,036
3,833
94,677

120 767
2*745
59 356

73,541
4,384
36 394

9,021
45,195
81 461

8 289
34 316
126 116

6 793
50,822
89 134

Losses, charge-off s, and transfers to reserves . . . .


On securities:
Sold
Charge-offs prior to sale
Transfers to reserves . . . .
On loans :
Losses and charge-offs. . .
Transfers to reserves
All other

1,330,115

1,088,149

1,463,294

412 634
5,780
67 240

132 414
5*385
63*977

489 472
8,397
44 891

17 912
629,423
197 126

15 152
726*099
145 122

13 261
764,050
143 223

Net income before related taxes . .

3 084,479

3 616 051

3,859,134

875,644
769 269
106,375

1 007 186
'865718
141 468

1,054,075
891 856
162,219

Net current earnings before income taxes

Taxes on net income


Federal
State
Net income

2,208,835

2 608 865

2,805,059

Cash dividends declared


On preferred stock1
On common stock

1,144,619
61,496
1 083 123

1,248,227
77 585
1 170 642

1,385,284
92 , 543
1 292 741

Memoranda items:
Recoveries credited to reserves:On securities
On loans
Losses charged to reserves:3
On securities
On loans

2 800
115 668

4 599
135 631

1 254
184 306

54,675
438 620

23 167
486 055

29,806
500 738

Assets, deposits, and capital accounts :


Loans
U.S. Govt, securities
Other securities
Cash assets4
Other assets

177,557
42,286
38 438
55 468
9,619

189
43
44
62
10

788
162
697
358
762

207,670
46,066
52 496
69 944
12,454

Total assets

323 368

350 777

388,630

Time deposits
Total deposits .
Total capital accounts4

126,700
282,910
25 627

141 130
305 514
27 204

155,962
335,766
29 099

98,288
49) 551

102 292
514 643

1 08 , 665
546,555

6,150

6 071

Number of officers .
Number of employees
Number of banks

Digitized for FRASER


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

5,978

381

Notes
to data for 1941-68:
1
Includes interest on capital notes and debentures.
2
Not included in recoveries shown above.
s
Not included in losses shown above.
4
Cash assets are composed of cash, balances with
other banks (including reserve balances), and cash
items in process of collection. Total capital accounts
are composed of the aggregate book value of capital
stock, capital notes and debentures, surplus, undivided
profits, reserves for contingencies, and other capital
reserves.
5
Amounts reported by banks in 1968. During 1969
and 1970 it was found that a relatively few very large
banks had incorrectly reported in "interest on time deposits" the amount of interest paid on Euro-dollar
borrowings. A rough estimate of this amount for 1968
is $305 million, arrived at from data reported by these
banks in 1969. To provide for more consistent reporting with later years, * 'interest on time deposits" in
1968 should be reduced by $305 million, and "interest
on borrowed money" and "other current operation
expenses" increased by $49 million and $256 million,
respectively.
NOTE.See text for effect of changes affecting comparability for items. Data for assets and liabilities are
averages for various dates, as described in the text. Revenue and expenses incident to Federal funds transactions are classified as "interest and discounts on
loans" and as "interest on borrowed money." Details
may not add to totals because of rounding. Data for
numbers of officers, employees, and banks are for end
of year.

Digitized for FRASER


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

6.1

MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70; AND BY CLASS OF BANK, 1970
Continued
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
1970, by class of bank

1969

Item

Reserve city
1

All
member

Total

New York
City

City of
Chicago

Country
Other

Operating income Total


Loans:
Interest and fees
Federal funds sold and securities purchased with resale
agreement
Securities Interest and dividends:1
U.S. Treasury securities
Other U.S. Govt, securities (agencies and corporations) . . .
Obligations of States and political subdivisions
All other securities
Trust department income
Service charges on deposit accounts .
Other charges, fees etc.
Other operating income:
On trading account (net)
Other

24,991,233

27,912,709

16,795,569

5,115,670

1,229,997

10,449,903

11,117,140

17,104,055

18,705,755

11,557,260

3,522,705

817,190

7,217,366

7,148,496

649,369

781,019

426,056

93,744

31,274

301,038

354,963

2,040,893
321,988
1,794,295
105,832
972,071
835,297
556,878

2,208,170
414,669
2,090,268
118,424
1,074,623
867,561
681,195

1,031,323
121,714
1,096,087
75,648
836,978
398,302
437,581

278,777
36,273
295,807
26,424
336,384
66,141
105,238

81,457
7,767
79,630
5,650
79,220
5,891
20,012

671,089
77,674
720,651
43,574
421,374
326,270
312,331

1,176,847
292,955
994,181
42,776
237,645
469,260
243,615

137,341
473,214

345,858
625,167

332,472
482,149

159,586
194,592

22,986
78,920

149,900
208,637 |

Operating expenses Total


Salaries and wages of officers and employees
Officer and employee benefits
Interest paid onTime and savings deposits
... .
Federal funds purchased and securities sold with repurchase agreement.
. .
Other borrowed money
Capital notes and debentures
Occupancy expense of bank premises (net) . . .
Furniture, equipment, etc. .
Provision for loan losses
Other operating expenses

19,524,610
4,689,651
748,726

22,192,718
5,282,031
875,504

13,396,430
3,079,929
540,596

4,050,936
905,389
175,339

960,724
180,684
37,956

8,384,770
1,993,855
327,301

8,796,289
2,202,102
334,908

a 7, 059, 191

8,138,786

4,368,621

995,439

288,472

3,084,710

3,770,165

1,177,127
2561,767
89,024
866,829
615,146
380,912
'^3,336,239

1,365,450
443,993
90,215
1,012,544
722,024
534,283
3,727,889

1,234,564
412,717
68,361
597,079
390,883
310,645
2,393,037

397,947
227,896
25,897
195,228
89,788
81,685
956,329

137,468
34,600
2,115
40,513
21,418
29,540
187,958

699,150
150,221
40,348
361,338
279,677
199,420
1,248,750

130,886
31,276
21,854
415,465
331,142
223,639
1,334,852

Income before income taxes and securities gains or losses


Applicable income taxes
Income before securities gains or losses. . . . . .
Net securities gains or tosses ( ) after taxes .
Extraordinary charges ( ) or credits after taxes . . . . . . . . . .
Less minority interest in consolidated subsidaries

5,466,622
1,813,166
3,653,456
-209,055
5,476
47

5,719,991
1,775,373
3,944,618
= 107,061
-14,904
38

3,399,140
1,131,798
2,267,342
-100,531
= 19,399
-2

1,064,734 !
370,085
694,649
-55,291
2,991

269,273
91,738
177,535
-13,398
-2,271

2,065,133
669,975
1,395,159
= 31,840
-20,117
-2

2,320,851
643,576
1,677,275
-6,529
4,495
41

Net income

3,449,829

3,822,613

2,147,413

642,347

161,864

1,343,202

1,675,200

1,516,843
6,551

1,747,884
6,158

1,156,776
5,273

420,439
2,931

87,701

648,636
2,341

591,108
885

1,813,166

1,775,373

1,131,798

370,085

91,738

669,975

643,576

--254,281
-335,601
1,223,284
1,032,705
190,579

140,124
= 155,288
1,479,961
1,272,195
207,765

-124,937
-112,390
894.469
742,258
152,211

-60,324
-57,719
252,042
185,294
66,747

-15,850
-6,258
69,629
67,428
2,201

-48,761
-48,413
572, 799
489,536
83,263

-15,186
-42,898
585,491
529,937
55,554

Cash dividends declared on


Common stock
Preferred stock

. .

Memoranda items:
Income taxes applicable to current year's operating income. .
Tax effect of=
Net securities gains or losses ( ) e*c
Transfers Capital accounts to IRS loan loss reserve3 . . .
Total provision for income tuxes for year . . . . . .
.........
Federal
State and local . . .

13,386
143,017

I
w

Memoranda items (cont.):


Occupancy expense of bank premises (gross)
Rental income from bank premises .
Net securities gains or losses ( ) before income taxes
Extraordinary charges ( ) or credits before income taxes. .

1,092,149
225 , 320
-460,241
2,381

1,275,570
263 025
-224,623
-37,466

781,413
184,334
-203,644
-41,225

231,600
36 371
-117,114
4,488

62,454
21 941
-26,931
-4,589

487,360
126 022
-59,596
-41,123

494,156
78 691
-20,978
3,759

4 463 750
14,964
167 701
I 057,541
544,253
28 196
5,131,508

3,385 851
13,740
103 544
533,964
626,408
7,114
3,403,578
-522 863

/ 248 316
5 541
26 373
186 742
209 932
10
1 257 030

290 709

380 152

5 099 206
28,128
205 283
875 640
1,002,873
20 224
5,185,160
801 529

183 558

8 347
43 430
50,462
1 210
290,815
42 114

/ 846 826
8,200
68 824
303,791
366,014
5 894
1,855,734
297 189

1 713 355
14 833
101 294
341 677
376 466
13 110
1 781 582
278 666

166 238
973
1,104
36 663
5,978
69 586
129,414

128 208
668
759
21 767
1 835
18 632
130 935

64 603

738

7 051

Total net change in capital acconuts


Net income transferred to undivided profits. .
Common stock sold (net)
Preferred stock, capital notes, and debentures sold
Premium received on new capital stock sold
Transfers from loan and securities reserves
Other increases
Dividends declared
. .
Transfers to loan and securities reserves (net of tax effect) .
Other decreases

2,193,922
3,449,829
75 350
197,004
165,439
97,813
602,735
1 , 523 , 394
380,245
490 607

2 300 175
3,822 613
48 039
142 992
129,432
38,856
414,587
1 754 042
208,184
334 117

994 054
2,147,413
1 151
95 871
30,819
18,832
146,280
1 162 049
119,370
164 893

444
31 907
423 371
47,338
29 620

Assets, deposits, and capital accounts:


Loans gross (includes Federal funds sold and resale purchases)
U.S. Treasury securities1
1
Other U.S. Govt. securities (agencies and corporations)
..
Obligations of States
and political subdivisions1
1
All other securities
Cash assets67
Total assets . .
.
Time and savings deposits
Total deposits
Equity capital plus total reserves6 .
. .
Total capital accounts plus total reserves6

238 918
38 490
5,421
46,362
1,737
78,824
429 152
154,571
348 053
34,921
36,689

246 109
39 256
6,324
49,348
1 877
78,691
443 020
163,610
360 721
36,592
38,393

150 398
18 003
1,878
25,339
1 144
54,652
267 905
82 993
207 615
21 836
23,248

Number of officers8 and employees


Number of banks .

703 , 964
5 869

738,112
5 767

399 034
178

Reserves for losses on loans:4


Balance at beginning of year
Additions due to mergers and absorptions
Recoveries credited to reserves
Transfers to reserves . . .
...
Losses charged to reserves
Transfers from reserves
. .
Balance at end of year
Net loan losses ( ) or recoveries5
Reserves on sscurities:
Balance at beginning of year
Additions due to mergers and absorptions
Recoveries credited to reserves
Transfers to reserves
.,
Losses charged to reserves
Transfers from reserves
Balance at end of year . . .
...

CM
OJ

Digitized for FRASER


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

Notes
to data for 1969 and 1970:
1
Excluding trading-account securities.
2
A relatively few banks in 1969 incorrectly reported
a total of $101 million, representing interest on Eurodollar borrowings, in the item "interest on time deposits." The latter, as orginally published in the Federal Reserve Bulletin, has been reduced by that amount,
and "interest on other borrowed money" and "other
operating expenses" have been increased by SI 1.7
million
and $89.1 million, respectively.
3
Prior to 1969 transfers to IRS reserve for bad
debt losses^on loans were deducted from operating income; beginning in 1969, within prescribed limits,
banks have been permitted to deduct all or part of the

118
8 442
413
H 718
61 , 031

transfers to this reserve from income and to treat the


balance, if any, as a transfer from capital accounts.
(These transfers are exempt from Federal income
taxes.)
4
Includes reserve for bad debt losses and other reserves
on loans.
5
Sum of the expense item "provision for loan
losses" for banks not on a reserve-accounting method
and the excess of losses charged against reserve for
losses on loans over recoveries credited to these reserves
for banks on a reserve-accounting method.
6
Cash assets comprise cash, balances with other
banks (including reserve balances), and cash items in
process of collection. Equity capital and reserves in-

56 813
118
7 604
413
10 361
53, 761

63 606
668
642
13 325
1 422
6 914
69 903

85
2,133
17,528
87 701
8,470
18 629

750 868
1 , 343 , 202
1 102
93,913
30,734
16,255
96,845
650 978
63,562
116 643

1 306 122
1,675, 200
46 888
47,120
98,613
20,024
268 , 308
591 993
88,814
169 224

46 782
4 643
528
6,155
349
22 378
87 601
17 419
63 394
7 113
7,639

10 991
1 362
97
1,830
95
2,833
18 703
5,315
13 857
1 816
1,856

92 625
11 997
1)253
17,353
699
29,441
161,601
60,259
130 364
12,907
13,752

95 711
21,253
4,446
24,009
734
24,039
175,114
80,617
153,106
14,756
15,146

101 008
12

22,085
9

275,941
157

339,078
5,589

838
434
304

923
6 966

176 326
642 347

66 859
161,864
49

1 958

clude common and preferred stock, surplus, undivided


profits plus reserves for contingencies, other capital
reserves, and reserves on loans and securities. Total
capital accounts include equity capital and capital
notes
and debentures.
7
Including trading-account securities.
8
Figures exclude one member bank located outside
the continental United States. In 1969, also excludes
one trust company without deposits.
NOTE.Data for assets and liabilities are averages
for various dates as described in the text. Figures may
not add to totals because of rounding. Data for numbers of officers, employees, and banks are for end of
year.

BANK INCOME
6.2

MEMBER BANK INCOME RATIOS, 1941-70; AND BY CLASS OF BANK, 1970


(Computed from aggregate dollar amounts)
1

1941

Item
Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes

7.4
6.7
6.7
3.6

Cash dividends declared


Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
.

Revenue on loans
, .., .
Service charges on deposit accounts . .

3L4

47.0
4.6
17.0

1943

1944

1945

8.1
7.5
6.4
3.4

9.7
10.7
8.8
3.3

11.1
12.4
9.7
3.4

11.5
14.6
10.9
3.4

2.05
,67
.53

2.18
66
.60

Sources and disposition of income:


Percentage of total operating revenue:
Interest and dividends on;
U S Govt securities

1942

1.75
.65
.59

1.72
.69
.60

36.3
43.6
4.6
15.5

46.4
34.1
4.6
14.9

51.2
30.1
4.6
14.1

1.68
.67
.63

1
1

1946

11.9
13.3
9.6
3.4
1.82
.71
.57

47.4
6.6
28.0
4.2
13.8

43.9
6.1
32.2
4.1
13.7

1947

11.2
11.0
7,9 !

3.4 ;

2.01
.72
.51

35.7
5.8
40.5
4.6
13.4 i

1948

12.0
9.9
7.2
3.4
2.17
,79
.47

1949

12.2
10.7
7,6
3.5
2.31
,85
.53

30.2
5.6
46,2
5.0
13.0

28,8
5.6
47,8
5.3
12.5

Total revenue. ,

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

Salaries and wages

30.0

31.0

29,5

28,0

27.6

29.1

30.9

31.0

31.0

99

8.6

""Vis"

7.7

8,7

8.8

9,2

8.9

8,8

29.8

27.8

26.6

24.4

24.6

23.2

23.9

23.6

23.5

Total expenses.

69.7

67.4

63,0

60.1

60.3

61.1

64.0

63.5

63.3

Net current earnings before income taxes. . . ,

30.3

32.6

37.0

39.9

39.7

38.9

36.0

36.5

36,7

2.8

27.5

2.3
4.5
25.8

+ 3.8
7,0
33.8

+4.6
9.8
34.7

+ 10.7
12.9
37.5

+4.5
11.9
31.5

.7
10.0
25.3

6.3
8.2
22.0

4.5
9.2
23.0

1.88
+.23

1.73
+.02

1.43
+.14

1.47 'I;
+.16

2.50
4-.30

1.48
2.31
+,16

1.53
2,14
+.04

1.56
2.14
+B

1.58
2.15
+ .07

3.98
.15

3.77
.05

3.47
+.06

3.19
+,07

2.97
+.05

3.18
+.01

3.55
.15

3.82
.06

4.04
.12

51.1
5.6
172
24.6
1.5

55.4
4.7
16.2
22.5
1.2

57.4
4.4
15.8
21.3
1,1

53.8
4.8
18.3
22.0

Interest on time deposits


Net occupancy expense

Net losses including transfers (or recoveries


Taxes on net income
Net income after taxes
Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities. .
Interest and dividends on other securities
Net losses (or recoveries and profits +)1
Return on loans:
Revenue on loans
Net losses (or recoveries +}'
Distribution of assets:
Pe r cent age of total assets :
U S Govt securities
.
Other securities
Loans
Cash assets
,
Other assets

. . . . . .
. . ..

Other ratios (per cent):


Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
,
Total deposits
Time to total deposits .
Interest on time deposits to time deposits
Number of banks

27 3
9.2
25 7
35 4
2.4

35.0
8.0
23 7
31.3
2.0

46.9
5.4
22.9
23.7

42.0
5=7
26.2
24.9
1.2

42.0
6,1
27.4
23.3
1.2

89

8.2

6.7

6.2

5.8

5.9

6.5

6.6

7.0

23.9
9.9

24.4
9.0

27.6
7.2

27.8
6.6

27.2
6.2

24.6
6.4

22.0
7.0

20.0
7.2

20.2
1.6

21.2
1.12

18.8
1.03

16.2
.87

16.9
.84

18.4
.85

21.0
.82

23.5
.84

23.8
.87

24.6
,90

6,619

6,679

6,738

6,814

6,884

6,900

6,923

6,918

6,892

For notes see third page following.

Digitized for FRASER


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

1.39

384

BANK INCOME
6.2

MEMBER BANK INCOME RATIOS, 1941-70; AND BY CLASS OF BANK, 1970Continued


(Computed from aggregate dollar amounts)
Item

1950

Summary ratios:
Percentage of total capital accounts;
Net current earnings before income taxes
Net income before related taxes
...
Net income ...
. . ..
Cash dividends declared
Percentage of total assets:
Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U S Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Total revenue
Salaries and wages
......
Officer and employee benefits
Interest on time deposits. .
Net occupancy expense
Other current expenses . . .
...
Total expenses

. . .

....

Net current earnings before income taxes


Net losses including transfers (or recoveries and
profits + ) .
...
...
Taxes on net income
Net income after taxes
. ..
Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U S Govt securities
Interest and dividends on other securities
Net losses (or recoveries and profits +)1
Return on loans:
Revenue on loans
Net losses (or recoveries +) 1
Distribution of assets:
Percentage of total assets:
U S Govt securities
Other securities
Loans
Cash assets . . .
....
Other assets

. ..

. ..

Other ratios (per cent):


Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
..
Total deposits
Time to total deposits
Interest on time deposits to time deposits
Number of banks .

....

..

13.2
12 2
83
3.7
2 42
92
.57

1952

1951

14.4
12 5
76
3.7
2 56
1 00
.53

2 71
1 06
.55

16.4
14 1
78
3.8
2 93
1 15
.55

1954

15.6
16 2
9.3
3.9
2 96
1 12
.67

1955

16.6
13 4
79
4.0
3 13
1 22
.58

1956

18.1
13 1
7.7
4.1
3 47
1,37
.59

1957

18,1
146
8.3
4.3
3 77
1 42
.65

265
58
50 1
5.3
12 3

22.7
57
546
5.1
11 9

22.5
57
560
4.8
11 0

22.0
55
57.3
4.8
104

22.1
57
56.2
5.2
108

20.9
56
57.7
5.1
10 7

18.1
5 I
61.3
5.1
10.4

17.3
50
62.1
5.2
104

100 0

1000

100 0

100 0

1000

100 0

100 0

1000

30.6

30 7

30.2

29.9

30.3

29.4

28.5

27.7

83

83

88

9.3

10.2

10 2

10.7

13.7

23 0

21 8

21 7

21 4

21.6

21.5

21.3

21 0

61 9

60 8

60 7

60 6

62.1

61 1

60.5

62.4

38.1

39.2

39.3

39.4

37.9

38.9

39.5

37.6

29
11 3
23 9

52
13 4
20 6

4.4
14 8
20 I

5.4
15 1
18 9

+ 1.5
167
22.7

7.5
13 0
18.4

10.8
11 8
16.9

7.1
13 2
17.3

1 57
1.64
+ .09

1 66
1.72
.03

1 79
2.03
.10

1 98
2.11
.20

1.96
2.12
+ .47

2 09
2.13
.28

2 31
2.29
.53

2.53
2.50
.35

4 17
.05

4 26
.06

4 51
.05

4.69
.08

4.71
.05

4.77
.06

5.02
.11

5.32
.07

40.7
7.0
29 0
22.1
1.2

35 0
7.4
32 8
23.6
1.2

34.1
7.6
33 6
23.4
1.3

32.6
7.6
35.8
22.7
1.3

33.4
7.9
35.3
22.0
1 4

31.3
8.!
37.9
21.1
1.6

27.2
7.7
42.4
21,1
1.6

25.7
7.6
44.0
20.8
1.9

7.0

6.9

6.9

7.0

7.2

7.3

7.6

7.9

18 9
77

16 7
76

162

15 8
78

16 1
7.9

15 4
81

14.6
84

14.7
88

23.9
.91

23.0
1.02

23.2
1.13

24.3
1.23

25.7
1.30

25.9
1.36

26.1
1.58

27.7
2.08

6,873

6,840

6,798

6,743

6,660

6,543

6,462

6,393

For notes see second page following.

Digitized for FRASER


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

15.4
13 7
79
3.7

1953

385

BANK INCOME
6.2

MEMBER BANK INCOME RATIOS, 1941-70; AND BY CLASS OF BANK, 1970Continued


(Computed from aggregate dollar amounts)

1958

Item
Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared

i
. ..

Percentage of total assets:


Total operating revenue
. ..
Net current earnings before income taxes
Net income
.
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U S Govt securities
Other securities
Revenue on loatts
Service charges on deposit accounts

. .

Net current earnings before income taxes


Net losses including transfers (or recoveries and
profits -f--)
Taxes on net income
..
Net income after taxes
Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U S Govt securities.
Interest and dividends on other securities . . . .
Net losses (or recoveries and profits +)''
Return on loans:
Revenue on loans
.,
Net losses (or recoveries -f-)1
Distribution of assets:
Percentage of total assets:
U S Govt securities
Other securities
Loans
Cash assets
Other assets
Other ratios (per cent):
Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits
Time to total deposits
Interest on time deposits to time deposits
N

f bank

16 6
17.3
97
43

1962

1963

1 964

1965

19.5
17.4
100
4.4

17.5
16.5
96
4.4

16.3
14.7
89
4.4

160
14 4
90
4 ^

15 9

n3

88
44

Ht

124
87
44

i
408
1.48
.64

3 75
1.32
.77

4.42
1.62
.84 1

17.3
5.5
622
5.2
9.8

4.28
1.46
.80

4.38
1.34
.73

444
I 29
.73

4 56
1.29
.71

462
1 21
.70

16.7
5.6
63.7
5.3
8.7

16.6
6.2
63.4
5.2
8.6

15.4
6.9
64 5
5.1
8.1

K.I
71
6^ S
4.9
8.?,

12 2
7,8
67 2
47
8.1

1 00.0 '

100.0

100.0

100.0

100.0

1 00 0

24.6
3.6
23.2
4,5
13.4

23.8
3.5
25.6
45
13.6

22.9
^.4
27.3
44
13.8

21.9
V2
30.4
41
13.9

15.8
5.2
64.2
5.2
9.6

100 0

100.0

27.8

26.2

25.6

15.8

15.8

16.1

21 2

21.6

21.6

25.6
3.6
18.7
4.6
13.4

64.8

63.6

63.3

65.9

69.3

71.0

71.8

73.7

35.2

36.4

36.7

34.1

30.7

29.0

28.2

26.3

3.9
1 3.9
18.9

2.0
I3.S
18.6

3.0
11.0
36.7

2.9
9.7
16.4

4.6
8.1
15.5

4.7
6.4
15.2

+ 1.3
16.1 "
20.4 !

11.2
9.6
15.6

245
2.62
-f- 79

2.79
2.70
1.19

3.10
2.92
+ .12

3.05
2.91
4-J2

3.22
2.95
-K21

4.11

3.63
3.01
.08

3.69
3.11
,02

5.35
.06

5.65
.04

5.93
.18

5.84
.16

5.93
.12

5.87
.16

5.88
.34

5.85
.16

27.2 '
8.3
42.5
20.0
20

25.3
8.3
44.9
19.4
2.1

22.6
7.9
47.8
19.3
2.4

23.4
.2
46.7
19.1
2.6

22.6
9.2
46.8
18.8
2.6

3.38
2.94

20.3
10.4
48.8
17.9
2.6

17.7
11.2
50.8
17.6
2.7

15.3
11.6
53.0
17.3
2.8

I
<

8.0

8.3

8.3

8.2

8.1

8.1

8.0

14.5
9.0

14.3
9.5

14.5
9.4

14.0
9.3

13.0
92

12.5
92

1 1 ,9

300
2.20

30.7
2.36

31.3
2.58

33.2
2.73

35.7
3.23

38.6
3.34

40.8
3.47

42.8
3.73

6,312

6,233

6.174

6,113

6,047

6,108

6,22S

6,22t

7.9

15.0
8.9

'

For notes see next page.

Digitized for FRASER


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

1961

18 5
12.8
79
43

17 8
5.8
60 7
54
<
10.3 *

Total revenue
Salaries and wages.
Officer and employee benefits. . .
Interest on time deposits
Net occupancy expense
Other current expenses

1960

1959

386

9.1

BANK INCOME
6.2 MEMBER BANK INCOME RATIOS, 1941-70; AND BY CLASS OF BANK, 1970Continued
(Computed from aggregate dollar amounts)
Item
Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes. . . . . .
Net income before related taxes
Net income
Cash dividends declared

1966

1967

1968

16 0
13.3
9.6
4.6

17.4
13.3
9 6
4.8

5.09
1.24
.74

5.36
1.30
.72

10.6
7.9
68.9
4.4
8.2

10.8
8.8
67.9
4.2
8.3

10.6
9.3
67.9
3.9
8 3

100 0

100.0

100 0

20.4
3.2
32.4
4.1
14.2

20.4
34.1
4.0
14.0

19.7
3 0
34.1
3.8
15.1

Total expenses

74.3

75.6

75 7

Net current earnings before income taxes. . . .

25.7

24.4

24.3

6.5
5 5
13.7

4.1
5.7
14.6

5.8
5 0
13.5

Percentage of total assets:


Total operating revenue
Net current earnings before income taxes
Net income
Sources and disposition of income:
Percentage of total operating revenue:
Interest and dividends on:
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Total revenue
Salaries and wages
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

Net losses including transfers (or recoveries and


profits +)
Taxes on net income
Net income after taxes
Rates of return (per cent) on securities and loans:
Return on securities:
Interest on U.S. Govt. securities
Interest and dividends on other securities
Net losses (or recoveries and profits 4-)1
Return on loans:
Revenue on loans
Net losses (or recoveries +1l . . .

16.1
12.0
8.6
4.5
4.97
1.28
.68

4.02
3.29
.52

4.48
3.49
.04

4.79
3.67
46

6.24
19

6.39
19

6.81
16

Distribution of assets :
Percentage of total assets :
U.S. Govt. securities
Other securities
Loans.
Cash assets
Other assets

13 1
11 9
54.9
17 1
3 0

Other ratios (per cent):


Total capital accounts to:
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits

7.9

7.8

7.5

11 4
9 1

11 1
8.9

10 7
8.7

44 8
4 11

46 2
4.32

46.4
34.36

Time to total deposits


Interest on time deposits to time deposits . . .
Number of banks .

6,150

12.3
12 7
54.1
17 8
3.1

6,071

11 9
13 5
53 4
18 0
3.2

5,978

Notes
to data for 1941-68:
1
Net losses are the excess of (1) actual losses charged against net income plus losses
charged against valuation reserves over (2) actual recoveries and profits credited to net income plus recoveries credited to valuation reserves: net recoveries and profits are the reverse.
Transfers to and from valuation reserves are excluded for 1948 and thereafter. Before 1948,
they were included with losses and recoveries, respectively, and are estimated to have been
relatively
small.
a
Ratio of less than .005.
3
Differs from figure originally published in the Federal Reserve Bulletin. The figure here
reflects the adjustment made in the basic data referred to in note 5 to Table 6.1.

Digitized for FRASER


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

387

6.2 MEMBER BANK INCOME RATIOS, 1941-70; AND BY CLASS OF BANK, 1970Continued

(Computed from aggregate dollar amounts)


1970, by class of bank

Item

Summary ratios:
Percentage 0} equity capital plus all reserves:
Income after taxes and before securities gains (tosses)1
Net income . . . .
Cash dividends paid
..
Percentage of net income:
Cash dividends paid

oo
oo

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Sources and disposition of income:


Percentage of total assets:
Total operating expenses
Salaries, wages, and fringe benefits . . . . . . .
Interest on time and savines deposits
Occupancy expense of bank premises (net)
All other operating expenses
Total operating income
Income after taxes and before securities gains (losses)1
Net income
Percentage of total operating income: 2
Interest, fees, and other loan income
Securities Interest and dividends :;J
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations) . . .
Obligations of States and political subdivisions
.. .
All other securities
Service charges on deposit accounts
, .. .
Trust department income. . . . . .
All other operating income
Total operating income
Salaries and wages
Officer and employee benefits. .
Interest on
Time and savinos deposits. . . . . .
Borrowed money
Capital notes and debentures, . . .
Occupancy expense of bank premises (net) . . . . . . . .
Provision for loan losses
.
All other operating expenses

1969

All
member

Reserve city
New
York
City

City of
Chicago

Other

Country

10.46
9.88
4.36

10.75
10.44
4.79

9.76
9.03
5.95

9.77
8.91
4.82

10.80
10.40
5.04

11.31
11.35
4.01

44.16

45.88

65.90

54.18

48.46

35.33

4.55
1.27
1.84
.20
1.24
5.82
.85
.80

5.00
1.38
1.84
.22
1.56
6.30
.88
.86

4.62
1.23
1.19
.22
1.98
5.83
.79
.73

5.13
1.16
1.54
.21
2.22
6.57
.94
.86

5.18
1.43
1.90
.22
1.63
6.46
.86
.83

5.02
1.44
2.15
.23
1.20
6.34
.95
.95

71.04

69.81

70.69

68.98

71.94

67.49

8.17
1.29
7.18
.42
3.34
3.89
4.67

7.91
1.48
7.48
.42
3.10
3.84
5.96

5.44
.70
5.78
.51
1.29
6.57
9.02

6.62
.63
6.47
.45
.47
6 44
9,94

6.42
.74
6.89
.41
3.12
4.03
6.45

10.58
2.63
8.94
.38
4.22
2.13
3.63

100.0

100.0

100.0

100.0

100.0

100.0

18.77
3.00

18.92
3.13

17.69
3.42

14.68
3.08

19.08
3.13

19.80
3.01

42H.24
46.96
.36
3.47
1.52
4 15.81

29.33
6.48
.32
3.62
1.91
15.80

20.44
12.23
.50
3.81
1.59
19.51

23.45
13.98
.17
3.29
2.40
17.06

29.5!
8.12
.38
3.45
1.90
14.67

33.91
1.45
.19
3.73
2.01
15.03

78.13

79.51

79.19

78.11

80.24

79.13

Income before taxes and securities gains (losses). ... . . . . . .


income after taxes and before securities gains (losses) . . . . . . . .
Net securities gains or losses ( ), after taxes
AH other income (net) . . .
.

21. 87
14,62
-.84
.02

20.49
14.13
-.39
~.G5

20. 1
13.57
-1.07
,05

21.89
14.43
-1.10
.18

19.76
13.35
-.31
-.19

20. 7
15.08
-.06
.04

N e t income . . . . . . . . . . . . . . . . ...

13.80

13.69

12.55

13.15

12.85

15.06

Total operating expenses .

i
W

Rates of return (per cent) on


Securities Interest and dividends:'**
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations! . . . .
Obligations of States and political subdivisions
AH other securities
Loans : 2
Interest, fees, and other loan income
Net loan losses ( ) or recoveries5

5 30
5.94
3 87
6 09

5 62
6.55
4 23
6 30

6 00
6.87
4 80
7 56

5 97
7.96
4 35
5 93

5 59
6.19
4 15
6 22

5 53
6.58
4 14
5 83

7 43
-.16

7 91
-.32

7 73
-.39

7 71
-.38

8 11
-.32

7 83
-.28

Ratios on selected types of assets:


Percentage of3 total assets;
Securities:
U.S. Treasury securities. . .
. .
Other U.S. Govt. securities (agencies and corporations) . . .
Obligations of States and political subdivisions
AH other securities
Gross loans2 . .
Cash assets
Real estate assets

8 97
1.26
10 80
'40
55 67
18 37
1 55

8 86
1.42
11 13
42
55 55
17 76
I 63

5 30
.601
7 02|
,39
53 40
25 54
99

7 28
.52
9 78
50
58 76
15 14
1 64

7 42
.77
10 73
43
57 31
18 21
1 79

12 13
2.53
13 71
41
54 65
13 72
1 79

39 56
2 62
22 13
20.06
15 63

39 17
2 62
21 '80
19.90
16 51

58 47
03
8 15
8.03
25 32

59 38
41
7 67
8,54
24 00

40 96
t 54
2! 26
18.73
17 51

25 68
5 i8
30 63
28.14
10 37

Other ratios (per cent):


Interest on time and savings deposits to time and savings
deposits
Income taxes to net income plus income taxes
Time and savings deposits to total deposits
Total capital accounts and reserves to total assets6

4 4 47
26 18
44.41
8.55

4 98
27 91
45.35
8.66

5 71
28 18
27.47
8.72

5 42
30 07
38.35
9.92

5 11
29 89
46.22
8.51

4 67
25 89
52.65
8.64

Number of banks 7

5,869

5,767

12

157

5,589

Percentage of gross loans:'2


Commercial and industrial loans
Loans to farmers
Real estate loans
. ..
Loans to individuals
for personal expenditures
All other loans 2

00

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Notes
to data for 1969 and 1970:
1
Excludes minority interest in operating income, if any.
3
Loans include Federal funds sold and securities purchased
under agreements to resell.
3
Excludes trading-account securities.
4
Differs from the figure originally published in the Federal Reserve Bulletin. Reflects the adjustment in the data referred
to in note 2 to Table 6.1.
5
Net losses on loans are the sum of the expense item "pro-

vision for loan losses" for banks not on a reserve-accounting


method plus the excess of losses charged against reserves for
losses on loans over recoveries that had been credited to these
reserves
for banks on a reserve-accounting method.
6
Includes capital notes and debentures and all valuation
reserves.
7
Excludes one member bank located outside the continental United States. In 1969 also excludes one trust company
without deposits.

BANK INCOME
6.3 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY CLASS OF BANK, 1945, 1955,
AND 1965
(Income and expense items in thousands f dollars; asset and liability items in millions of dollars)
Reserve city
New York
City

Item

City of
Chicago '

Reserve city
Country
Other

New York
City

Expenses
Salariesofficers
, .
Salaries and wages others .

...

....

Directors' fee etc


. ..
Interest on time deposits
Interest on borrowed money
Furniture and equipment
Other current expenses

.......

Net current earnings before income taxes


Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
Recoveries * , ,
.
On loans:
Recoveries
All other

.
. .

, , .

. .

Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves . . .
All other

. . . .
....

Net income before related taxes


....

Net income
On preferred stock ^
On common stock.

..

1
f

, .

..

432,224

105 017

782 646

782,290

866,548

208,703

2,094,761

222,070
24 240
99,427
6,183
7 521
7,696
40,700
24 387

53,482
9 613
23 588
1,903
947
742
9,512
5230

366,508
47 173
221 537
6,069
11 403
24773
41J80
43 103

354,742
58 342
227,224
2,23 1
47628
30,622
20,042
41 459

156,184
50,928
475,573
8,250
20,377
20,523
88,016
46,697

56,709
15,414
103,266
1,399
2,169
2091
22,033
5,623

419,979 ! 485,215
112486
1 1 6,778
1,196,560 1 ,246,443
16,499
35,2 S 4
138,879
1 1 2 599
47,183
3*),*)S8
103,132
53,811
67,750
74 833

216,387
32 142
84,681

55,697
7 819
17002

478,741
66 294
151 146

516,808
101 982
118 545

471,505
59,719
192,971

110,987
15,577
40,333

1,274,185
169,376
435,128

1,408,449
267,063
391,234

1 109
5,638
978

137
7,288
3

2 150
71 529
767

7 36 i
98 419
538

1,729
42,524
6,581

296
16,520
1,952

4,8 i 8
230,03 1
9,955

20,345
254,048
3,455

....

91,839

23,448

186,855

189,963

167,932

36,309

424,877

472,304

49,320

303,905

265,482

395,042

97,716

820,576

764,129

129 016

25 821

149 592

149 156

47,582

12,380

90,516

62,031

5,480
4,123
1,278

25 349
7,463
19,462

12,918
5,630
7,052

67 875
47,600

9 711
6,041

75 292
36,707

85 957
22,873 1!

6,92 S

7,94 1
5 600

4,129
5940

20,416
17 177

23,432 \;
17094

5,501

7,084
7,221

410
257
831

3,779
1H,992
15,471

11,050
I I , . 1%
13,985

39,909

20,420

94,650

74,877

m,59?

26,625

240,186

223,551

On loans
Assets, deposits, and capita) accounts:
Loans
XJ S. Govt. securities. . .
Other securities
Cash assets4
Other assets

48,377

37,085 s

41,423
5,209

12,1 HO
2,645

70,180
45,604

71,710
9,628

6,635
17,985

1,475
1,911

23,153
23,120

]
15,278 \
22,514

3,202
66.2H5
7,478

18
7,411
4,371

1,119
94,666
28,617

13,504
97,270
31,439

304,944

54,721

358,847

339,961

319,027

83,470

670,906

602,609

90,687
79,484
11 203

15,539
15 533

90,454
85,479
4975

73,382
69,785
3 597

132,510
Hi, 110
14,400

34,112
34, 1 1 2

278,177
266,305
11,872

245,971
236,834
*>, 1 38

214,257

39,182

268,393

266,579

186,518

49,358

392,729

356,637

73,069
427
72,642

13,196

88,459
1,296
85,163

71,210
4,539
66,671

123,909
53
123,856

20,887
68 !
20,819 J

201,840
239
201,601

154,305
1,370
152,915

1,154

603
14,159

468
14,410

13,196

Total assets
Time deposits . .
..
Total deposits
Total capital accounts4
Number of officers
Number of employees
Number of banks

Digitized for FRASER


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

..

...
...

9,755

17,034

'

1,648
3,867

1
1

8,051
16,669

1,096 '
857

48,244
25,815

8,111
32,327

....
.

1,101

15,289

Memoranda items:
Recoveries credited to reserves: 2
On loans
.

Losses charged to reserves: 3

2,172,578

215,837

.
. .

Losses, ehargc-offs, and transfers to


reserves
.
.
On securities:
Sold
..
. .
. .

Federal
State

j>

Other

19 55

1945

Rcv&nue
.
Interest and dividends on securities:
U.S. Govt
Other .
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges, fees etc . . .
.
Trust department
Other current revenue
.

Country

City of
Chicago

6,304
17,203 1
1,152
5,335
298

1 195
4,024
360 i
1,379
37

7,209
26,855
1,869
10,398
487

5,107
23,712
2,183
9,588
434

13,219
7,746
2,370
7,308
724

2,845
2,764 i
684 j
I.89J
52

25,872
20,071
5,169
14,697
1,030

22,715
22,871
5,6S2
12,149
814

30 292

6995

46,818

41,026

31,368

8,238

66,839

64,201

1,123
27,742
2,026

659
6,594
362

8,655
44,150 |
2,435

H,050
38,497
2S42

3,431
27,242
2,744

1,312
7,464
611

16,113
60,847
4,483

19,126
58,9 1 1
4,661

2,873 i
39,465

645
7,909

9,805
82,248

26,580
77,838

4,080
50,S42

1,005
10,882

16,540
136,857

36,998
143,600

12

359

6,476

18

292

6,220

37

390

13 :

BANK INCOME
6.3 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY CLASS OF BANK,
1945, 1955, AND 1965Continued
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Reserve city
New York
City

Country

City of
Chicago

Item

Other

1965

2,295,580

576,159

5,239 591

5,730,452

180,019
204,142
1,544,001
18,674
46,689
32,807
195,121
74,127

60,137
52,385
379,063
2,934
4,077
7,016
52,299
18,248

549,243
374 306
3,529,868
86,198
260 533
89000
266,420
84023

897,045
448 037
3,674,388
59,970
341 934
95087
154,067
59 924

1,607,259
112,608
328,008
92,408
1,907
712,673
63,457
107,019
33,550
155,629

400,818
29,411
70,140
19,770
532
191,590
17,387
17,381
11,272
43,335

3,871,058
358 316
780,265
162947
7,010
1 632 455
80,172
218,517
131 068
500,308

4,327,185
547 03 1
798,165
173 193
39,161
1 677 426
22,679
255,257
157 774
656,499

688,321

175,341

1,368,533

1,403,267

33,838

29,474

136,916

129,679

7,270
129
16,668

6,568
94
11,675

22,176
3091
' 36,464

31,442
1 819
26,147

788
6,154
2,829

4,429
6,708

725
41 931
32,529

9,011
20 591
40669

216,500

39,730

361,176

365,071

5,171
5
1,086

3,802
7,008

29 081
483
28 300

32 014
4362
17 782

74
201,022
9,142

23,449
5,471

176
260,330
42 806

19 052
239 196
52 665

505,659

165,085

1,144,273

1,167,875

130,701
103,709
26,992

51,311
51,311

357,760
316,427
41 333

340,193
317263
22 930

374,958

113,774

786,513

827,682

Net income

240,354
19,192
221,162

44,503
199
44,304

425,774
24,193
401,581

346,886
8 664
338,222

Cash dividends declared


On preferred stocK *
On common stock

63
10,990

2,248
2,268

346
33,969

1,046
53049

1,471
51,851

2,340
11,183

10,978
122,300

6,549
160,866

30,467
5,429
6,268
11,960
2,720

7,563
1,778
1,610
2,368
386

61,250
14,903
11 810
20,873
2,986

59,494
23 591
14970
16,715
2 384

56,845

13,704

1 1 1 ,822

117,154

16,849
47,261
4,893

4,805
11,993
1,095

42 827
99,199
8,756

48 482
105,208
9 306

6,818
60,192

1,587
13,697

29,800
175 158

53,214
210 835

...

12

11

171

6027

Revenue
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans

...

Service charges on deposits


Other charges fees etc
Trust department
Other current revenue

.. ,
*

Expenses
Salaries officers
Salaries and wages others
Officer and employee benefits
Directors' fees etc.
Interest on time deposits
. . . . Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

...

. . .

Net current earnings before income taxes


Recoveries, transfers from reserves,
On securities:
Profits on securities
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other

Losses, charge-offs, and transfers to


reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other

. ..

Net income before related taxes


Taxes on net income
Federal
State

....

...

....

*
.

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
.

Assets, deposits, and capital accounts'


Loans
S Govt securities
Other securities
Cash assets4
. Other assets
U

Total assets
Time deposits
Total deposits
Total capital accounts'*

.
..

Number of officers
Number of employees
Number of banks

For notes see 1941-48 portion of Table 6.1.

Digitized for FRASER


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

391

BANK INCOME
6.4 MEMBER BANK INCOME RATIOS, BY CLASS OF BANK, 1945, 1955, AND 1965
(Computed from aggregate dollar amounts)
1Reserve city

New York
City

Item

City of f
Chicago
1

]Reserve city

Country
Other

New YorkCity

;i

Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared

10.7
15 1
10.6
3.6

..

13.6
15 I
10.8
3.6

12.5
147
11.0
3.6

11.0
14.0
11.0
2.9

14,4
U 6
6.8
4.5

16.0
137
8.1
3.4

i
J
1

18.3
15.0
8.8
4.5

16.4
1 2.9
7.7
3.3

I!

Percen tage of total assets:


Total operating revenue
Net current earnings before income taxes
Net income

Total revenue

Other

1955

19<15

Sources and disposition of income:


Percentage of total operating revenue:
Interest and dividends on:
U S. Govt. securities
Other securities
.
.
Revenue on loans
Service charges on deposit accounts
All other revenue

Country

City of
Chicago ;

1.43
.71
.71

...

Salaries and wages


.
Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

1.91
.65
.65

2.76
1.26
.59

2.53 !
1.19 j
.60
-1

16.9

46.9
6,0
29,1
4,0
14.0

45.3
7.5
29.3
6.1
11.8

18.0
5.9
55.8
2.4
17.9

100.0

100.0

100.0

100,0

100.0

100.0

27.8

28.2

29.2

26.8

6.9

9.1

12.6

4.9

7.9

'

27.0

1.67
.65
57

50.9
9.2
24.3
.9
14.7

51.4
5.6
24.4

. .

1.50
.71
.56

23.6

I 3

3.13
1.23
.59

3.38
1,19
.56

20.0
5,4
58.8
5.4
10.4

22.3
5.4
58,1
6.4
7.8

100.0

100.0

28.8

30.3

:!

11.6

11,7

27,2 j
7.4 ?
50.1 ,
1.0
14.3

21 8

22 5

24,3

252

20.3

185 .1

21.0

22.8

Total expenses

50 1

53 0

61 2

660

54.4

53 2

60.8

64.8

Net current earnings before income taxes

49.9

47.0

38.8

34.0

45.6

46.8

39.2

35.2

+9.5
9.4
34,1

8.8
15.3
21.5

6.8
16.4
236'

7.2
13.3
18.7

7.5
11.3
16,4

Net Josses including transfers (or recoveries and


profits +)
Taxes on net income
Net income after taxes

+207
21.0
49 6

+ 5.1
14.8
37.3

+7.0
11.5
34 3

Return on loans:
Revenue on loans
Net losses (or recoveries +) ^

1 29
2.10
+ .55

1.33
2,67
.03

I 36 1
2.52
+ .22

1,50
2.67
+ .28

202
2.15
.39

1.68
+ 02

2.13
+ 22

3.16
04

4,49
16

3.66
08

2.05 ;
2.25
.11 !
3.68
+ 02

57.4
4.0
15 4
22.2
10

57.S
5.3
12.4
23.4
1 [

24.7
7.6
42 I
23.3
2.3

33.6
8.3
34.5
23.0
.6

Other ratios (per cent):


Total capital account a to:
Total assets
Total assets Jess U.S. Govt. securities and cash
assets

....
Total deposits
..

6.7

52

52

5.9

8.7

26.1
73

22 7
55

25.5
55

31.3
6.3

B6.8
10.1

17.1
8.2

4.0
50

100
1 fl

19.6
.83

28.7
.89

12.6
1.24

37

12

18

.
..

.
..

Time to total deposits, . . ,


Interest on time deposits to time deposits

Digitized for FRASER


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

2.09
2. IB
.34

2.12
2.07
.21

4.76
.03

5.56
,09

57.5
5.1
17 I
J9,7
6

56.8
3.8
208
17.6
I 0

Number of banks

Rates of return (per cent) on securities and loans:


Return on securities:
Interest on. U S Govt securities
Interest and dividends on other securities]
Net losses (or recoveries and profits +)

Distribution of assets:
Percentage of total assets:
U.S. Govt. securities
Other securities. . ,
1 oans
.
Cash assets
Other assets
.
.

, .

392

359 '

6,476

i
'
'

30.0
7.7
38.7
22.0
1 .6

35.6
8.8
35.4
18.9
1.3

6.7

7.3

14.0
7.4

16.0
7.9

17.6
1.26 i

26.5
1.43

32.5
1,33

13

292

7.4

6,220

BANK INCOME
6.4 MEMBER BANK INCOME RATIOS, BY CLASS OF BANK, 1945, 1955, AND 1965 Continued
(Computed from aggregate dollar amounts)

I leserve citif
New
York
City

City
of
Chicago

Country
Other

Item

19 65

14.1
10 3
77
49
4 04
1 21
66

16.0
15 1
104
4i
4 20
1 28
.83

15.6
13 1
9.0
49
4 69
I 22
.70

Percentage of total assets:


Total operating revenue
Net current earnings before income taxes
Net income

4 89
1 20
.71

78
8.9
68 1
20
13.2

10.4
9.1
66 3
.7
13.5

10.5
7.1
69 0
5.0
8.4

15.6
7.8
65 2
60
5.4

1000

100.0

100.0

100.0

19.2
4.0
31 0
4.7
11 I

17.3
3.4
33.3
3.0
12 6

21.7
3.1
31 2
4.2
13 7

23.5
3.0
29 3
4.4
15 3

70.0

69.6

73.9

75.5

30.0

30.4

26.1

24.5

43
6.8
15.0

Summary ratios:
Percentage of total capital accounts:
Net current earnings before income taxes
Net income before related taxes
Net income
Cash dividends declared

15.1
12 5
89
37

. . . . Sources and disposition of income:


Percentage of total operating revenue:
Interest and dividends on'
U.S. Govt. securities
Other securities
Revenue on loans
Service charges on deposit accounts
All other revenue
Total revenue

, ,

, .

Total expenses

80
5.7
16.3

18
8.9
19.7

3,32
3 26
+ 01

3.38
3 25
+.08

3.69
3 17
.06

3.80
299
02 . .

5.13
13

5.05
12

5.90
14

6.28
20

4 [
59
14.5

Salaries and wages


Officer and employee benefits
Interest on time deposits
Net occupancy expense
Other current expenses

. ,.

. . .

,,

Net current earnings before income taxes

..

Net losses including transfers (or recoveries and


profits +)
Taxes on net income
Net income after taxes
Rates of return (per cent) on securities and loans:
Return on securities '
Interest on U.S. Govt. securities
Interest and dividends on other securities
Net losses (or recoveries and profits +)'

Return on loans
Revenue on loans
Net losses (or recoveries +)'
. ..

Distribution of assets:
Percentage of total assets'
U.S. Govt. securities
Other securities
Loans
Cash assets
Other assets

9.6
11 0
53 6
21.0
48

13.0
It 7
55.2
17.3
2.8

13.3
10.5
54.8
18.7
2.7

20.1
12 8
508
14.3
20

8.6

8.0

7.8

7.9

12 4
10.4

11.5
9.1

11.5
8.8

12 1
8.8

. . . . Other ratios (per cent):


Total capital accounts to
Total assets
Total assets less U.S. Govt. securities and cash
assets
Total deposits

35 7
4.23

40.1 1
3.99

43.2
3.81

46.1
3.46

Time to total deposits


Interest on time deposits to time deposits

12

11

171

6,027

Number of banks

For notes see 1941-48 portion of Table 6.2.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

393

6.5 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1970
A. ALL BANKS
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Federal Reserve district
Item

Boston

Philadelphia

N.J-

Cfeveland

!
|

Richmond

Atlanta

Chicago

Minne- i
apolis

St.
Louis

Kansas
City

San
Francisco

Dallas

1,288,607 7,110,027 1,304,570 2,035,605 1,438,936) 1,828,539 4,162,979


Operating incomeTotal
Loans:
971,074 1,167,511 2,724,257
895,472 1,331,900
858,631 4,860,057
Interest and fees
Federal funds sold and securities purchased with
78,396
124,336
39,519
35,470]
59,219
33,369
139,643
resale agreement
Securities Interest and dividends:1
160,897
126,690
405,133
107,213
209,916
84,916
432,120
U S Treasury securities
Other U.S. Govt. securities (agencies and
41,393
82,132
29,664
18,200
24,352
63,407
11,128
corporations)
143,885
325,777
200,225!
107,683
97,399
94,056
514,758
Obligations of States and political subdivisions. .
20,587
3,559
7,142
8,736
3,768
34,909
7,136
AH other securities
46,351
150,823
40,378
75,139
90,745
389,531
57,592
Trust department income
81,803
96,687
56,540
35,609
52,886
40,190
148,954
Service charges on deposit accounts
82,040
55,530
40,686
32,993
134,423
26,242
Other charges fees, etc.
40,318
Other operating income:
10,377
32,252
11,729
4,430
164,079
5,310
On trading account (net)
6,843
35,255
118,956 .
28,117
19,107
24,644
228,147
18,927
Other

877,377

1
716,760 1,139,852 1,408,333 4,601,124

559,906

473,507

726,330

31,166

12,588

46,210

61,489

119,615

103,563

70,726

120,557

111,654

274,785

21,040
64,422
3,246
20,711
26,012
19,983

17,387'
53,032
1,501
17,017
26,357
23,309

19,774
80,507
6,230
33,359
46,539
38,194

28,866
119,648
5,032
36,823
48,679
31,146

57,325
288,877
16,581
116,155
207,307
156,332

12,082
15,248

13,096
8,242

6,373
15,780

8,556
19,868

70,731
92,876

1,015,797 5,631,982 1,006,736 1,566,560 1,114,957 1,437,693 3,341,872


705,100
346,235
308,632
367,187
244,543
290,445 1,306,980
119,602
47,269
55,772
50,913
245,892
47,576
49,694

671,683
159,402
25,091

565,207
121,564
20,058

868,854 1,093,904 3,877,473


244,486
227,605
959,852
34,168
149,080
30,389

261,993

Operating expenses Total


Salaries and wages of officers and employees
Officer and employee benefits
Interest paid on
Time and savings deposits
Federal funds purchased and securities sold with
repurchase agreement
Other borrowed money
Capital notes and debentures
Occupancy expense of bank premises (net) . . . . . . .
Furniture, equipment, etc.. . . . . . . . . . . . . . . . . . .
Provision for loan losses
Other operating expenses

936,572 3,200,541

262,215 1,651,685

409,795

667,119

402,725

497,607 1,408,600

250,233

313,755

416,773 j 1,596,286

67,545
441,287
243,130
19,809
32,575
3,866
280,565!
55,912
41,769
140,810
24,306
114,579
200,237 1,174,479

51, 958
7,211
5,582 !
46,351
35,040
18,136
140,545

76,003
9,157
3,492
62,579
52,547
31,545
266,970

32,865
5,890
3,813
55,022 i
46,775
23,302
188,665

64,219
30,893
4,986
60,689
62,858
51,439
242,042

218,668 i
60,902
12,238
143,927 i
105,909
87,955 1
478,974

45,248
2,313
2,554
28,629 i
26,454 1
18,336
101,663

30,052
9,286
1 , 745
19,174
24,345
8,693
80,058

38,480
6,988
2,484
34,956
38,001
27,904 1
148,291 1

90,112
12,961 1
1,821
39,021
42,814 i
41,469
170,280

209,013
35,453
15,060
185,720
104,702
86,622
535, 686

Income before income taxes and securities gains or losses .


Applicable income taxes
. .
. .
Income before securities gains or losses . . . . . . . . . .
Net securities gains or losses ( ) after taxes , . .
Extraordinary charges ( ) or credits after taxes. . .
Less minority interest in consolidated subsidiaries.

272,810 1,478,045
470,429
94,554
178,257 1,007,616
=-660 1 -62,998
3,754
-268

297,834
87,756
210,078
-3,692
620 i

469,046
118,591
350,455
-13,320
602

323,979
106,163 |
217,816 1
-3,326
-727

390,846
119,088
271,758

821,107 1
255,096
566,011 ,
=19,470
-2,361
18

205,695
65,767
139,927
261 1
! 5 025!
15

151,553
51,098
100,455
-1,124
839
1i

270,999
89,558
181,441
630 1
504
4

314,428
94,126
220,302 .
80 I
-587 |

723,650
223,149
500,502
-2,283
-18,305

Net income . . .

177,326

948,371

207,004

337,736

213,761

270,612 !i
i

544, 16fi

141,198 '

100,169 :

182,570

219,794

479,912

87,989
38

550,484
2,939

96,724'
41 i

84,959j
638

96,659 r
140

219,583 !'

48,lSf j
1

3i,29
25 !

80,157 ;'
315

80,181!
32''

227, 903
22

Cash dividends declared on Common stock


Preferred stock
Memoranda items:
Income taxes applicable to 1970 operating income.
Tax effect of
Net securities gains or losses ( ), etc.
Transfers Capital accounts to IRS kx-m loss
reserves"
Total provision for income ietxes, . . . . . . . . . . . . . . . .
Federal
SJate and Ee&:;L . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Digitized for FRASER


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

i
94,554 !

136,772;
362

! -''1511',
:

i.eo^

I!

470,429

-95';

--69,488

-8,412 !
86,046 I :
63,88f
22.161

=66,530
334,416
251,971
82,439

87,756!

118,591

106,163'

119,088

25S,09(>' i

65,767

51,098 ';

9,551;

94,126':

223,149

-13,756

-4,424:

-S90S5

=20,421

130

-I S 006 ;

-i,0s^

55

-21,337

-8,006
93,732
87,162
6,570

-9,347
104,675 -
101,431
3,245

-17,631
217,62$
199,48*>
17,54:

-4,885
61,012
59,197
1,813

-3,17?
46,913
37,07b
9, 35

-4,49!; :
84, (Kl
76,284t
7,72C>

-6,479'
87,702
87,395
307

-9,773
192,0)37
136,828
55,209

-3,648 '
ti
-6,610,77,497
76,613:
S5

-9,932
94,902'.
94,86635.

Memoranda items (cont):


Occupancy expense of bank premises (gross)
Rental income from bank premises
Net securities gains or losses ( ) before income
taxes
...
Extraordinary charges ( ) or credits before income taxes
Reserves for losses on. loans:3
Balance at beginning of year
Additions due to mergers and absorptions. . . .
Recoveries credited to reserves
Transfers to reserves
....
.
...
Losses charged to reserves
Transfers from reserves
Balance at end of year
Net loan losses ( ) or recoveries4 .
Reserves on securities :
Balance at beginning of year
Additions due to mergers and absorptions. . . .
Recoveries credited to reserves
Transfers to reserves
Losses charged to reserves
Transfers from reserves
Balance at end of year
Total net change in capital accounts
Net income transferred to undivided profits
Common stock sold (net)
Preferred stock, capital notes, and debentures
sold
Premium received on new capital stock sold. . . .
Transfers from loan and securities reserves
Other increases
Dividends declared
Transfers to loan and securities reserves (net of
tax effect)
Other decreases

327,438
46,873

53,312
6,961

82 873
20,295

-901 133,544

64,831
8,920

64 392
9,370

88 918
28,229

187 240
43,313

32 640
4,011

27,238
8,064

50 806
15,850

72 980
33,959

222 901
37'l81

7,543

-27,323

-7,151

-5 765

-37 423

256

-2,029

191

3 380

4,811

822

848

-1,327

-446

-4 836

1,159

737

-112

447

38 546

216,223 / 614 821


851
11,582
8 640
38 932
40,681
238,370
44 891
266 377
477
2 094
221,025 1,635,235
-36,289 227 444

245,059
4,693
6 494
34,423
32 072
1,838
256, 759
-25 573

335,088
3,049
13 619
53,982
62 585
1 414
341 , 741
-49 348

224,232
3,160
8 470
39,236
45 524
702
228,871
-37 074

261 494
791 355
34
467
18 642
29 407
76 917
127 810
139 652
88 769
1 475
4 144
266,843
805,244
70 440 110 471

129,801
171
6 377
36,688
34 813
4 023
134,202
28 513

114,573
165
3 169
16,019
14 321
589
119,016
-11,179

160,050
112
14,565
40,333
49 874
577
164,609
36 444

225 182

1 893

2 927

-123

2 077

773 328
3,844
37 862
19 106
62 540
108 642
76 313
147 682
2' 097
795
778,898
232,718
58 745 110 018

5 237
19
79
417
258
1 193
4,301

/ 105
g
13
78
2
142
1,060

36 391
32
12
4,896
423
6 643
54,255

6 059

10 746

21 520

i
535
16
409
6,170

12
2 Oil
9
828
// 932

78
2 130
153
3 921
19 652

14 072
10
123
1,620
75
2 637
13,113

is

401
19
386
1,904

46
371
34
43
3,267

22 136
600
36
7 588
665
1 768
27,926

4 047

171
283
16
659
1,856

95,365
177,326
1,385

398,336
948,371
4,232

182,401
207,004
5,659

225,256
337,736
4 511

162,870
213,761
3 781

217 881
270,612
10 376

340 240
544,160
5 423

96, 706
141,198
89

68,856
100,169
1,170

106,273
182,570
1,770

132 795
219,794
6 824

272,195
479,912
2 820

6,270
2,988
1,137
11,180
88,027

7,150
9,365
3,287
89,777
553,423

20,000
12,987
1,980
54,774
96,764

4 085
9,514
8,057
41,961
137 134

26 140
5,602
1,111
27,463
85 596

3 838
48,315
2,303
19,358
96 799

17 451
8,565
8,064
49,399
221 190

2 461
2,744
6,660
17,848
48 186

4,935
1,156
974
9,121
38,314

6,424
2,956
620
20,931
80,471

37 587
7,416
2,563
24,749
80 213

6 650
17,825
2,100
48,028
227 925

8,247
8,647

57,678
52,744

9,755
13,484

17 402
25,071

8 463
20,929

18 142
21,9,79

24 695
46,937

15 088
11,020

4,548
5,806

8 302
20,225

22 180
63 , 745

13 684
43,530

175
1 437
165
3
5,490

Assets, deposits, and capital accounts:


Loans gross (including Federal funds sold and resale purchases)
U.S. Treasury securities1
. .
...
Other U.S. 1Govt. securities (agencies and corporations)
Obligations of States
and political subdivisions1 , . .
1
All other securities
5
Cash assets 6
Total assets
Time and savings deposits
....
Total deposits
Total capital accounts plus total 5reserves5
Equity capital plus total reserves

10,711
1,457

64 934
7,556

12 158
1,922

18 180
3,708

12 255
2 164

14 713
2 887

37 188
7 182

7 653
1,802

6 265
1,326

9 614
2,126

12 494
2,056

39 943
5,071

159
2,263
69
3,184
18,662
5,398
14,724
1,741
1,667

989
11,299
481
26,280
119 230
31,620
90 384
10,437
9,783

279
2,484
119
3,076
20 708
8,696
17 388
1,903
1 822

368
4,764
138
4,645
32 720
14,432
27 317
3,176
3 114

440
2,620
71
3,540
21 865
8,517
18 655
1,933
1 857

624
3,358
100
5,196
27 964
10,212
23 741
2,470
2 356

1 217
7,741
352
10,139
66 697
28,751
55 115
5,669
5 439

332
1,625
64
2,668
14,661
5.350
12,492
1,335
1 283

261
1,283
28
1,712
11,357
5,070
9,661
916
885

298
1,998
120
3,471
18 221
6,477
15 616
1,690
1 643

438
2,871
91
4,618
23 575
8,065
19 720
2,059
2 003

917
7,042
245
10,163
67 361
31,022
55 907
5,064
4 739

Number of officers and employees


Number of banks

42,520
231

159,869
351

37,394
321

50,976
470

48 482
361

56, 376
546

98 833
943

24,997
459

16,721
489

32,825
807

35,090
634

134 029
155

For notes see end of table.

Digitized for FRASER


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

i
W

dd

6.5 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1970Continued
B. RESERVE CITY BANKS
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)

Federal Reserve district


Item

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St.
Louis

> Minnei apolis

Kansas
City

Dallas

Franco

Operating income-Total
Loans:
Interest and fees
Federal funds sold and securities purchased with
resale agreement
SecuritiesInterest and dividends:1
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions. . .
AH other securities
Trust department income
. .
Service charges on deposit accounts
Other charges, fees, etc
Other operating income:
On trading account (net)
Other

503,348 5,328,045

612,780 1,189,223

729,601

696,994 2,226,694

413,654

229,383

389,999

625,406 3,850,443

324,218 3,679,962

444,427

802,065

501,905

479,018 1,508,426

281,095

159,293

261,448

429,297 2,686,107

Operating expensesTotal
Salaries and wages of officers and employees ,
Officer and employee benefits. .
Interest paid onTime and savings deposits . .
Federal funds purchased and securities sold with
repurchase agreement
Other borrowed money
Capital notes and debentures
Occupancy expense of bank premises (net) ,
Furniture, equipment, etc.
Provision for loan losses
Other operating expenses
Income before income taxes and securities gains or
losses
Applicable income taxes
Income before securities gains or losses
Net securities gains or losses ( ) after taxes
Extraordinary charges () or credits after taxes. . . .
Less minority interest in consolidated subsidiaries
Net income

Cash dividends declared on


Common stock , .
Preferred stock

94,810

10,878

31,223

16,746

27,102

60,196

15,535

2,890

16,210

31,792

103,680

292,717

31,655

91,322

57,760

43,392

159,951

32,408

9,678

25,483

34,572

219,915

4,472
24,479
1,211
53,243
5,969
23,801

36,882
312,484
26,737
340,807
73,398
107,328

106
34,118
2,116
37,503
16,033
17,578

6,598
117,219
5,782
58,539
24,653
27,191

7,606
53,665
1,667
27,999
28,703
14,352

3,604
42,506
4,312
24,279
23,987
21,684

14,490
156,834
9,464
114,575
31,613
43,655

1,419
25,507
1,345
13,420
10,624
10,636

581
12,812
390
12,835
3,642
10,411

1,276
21,916
4,541
23,790
7,550
15,644

2,886
55,301
2,632
27,128
8,276
15,500

41,793
239,247
15,452
102,860
163,853
129,799

4,441
14,047

161,975
200,945

5,310
13,054

4,389
20,242

8,367
10,830

8,369
18,742

32,145
95,345

11,644
10,023

13,095
3,757

5,431
6,711

8,379
9,644

68,927
78,810

397,327 4,227,888
106,501
943,396
17,051
181,701

472,658
118,930
27,482

902,391
192,978
28,510

560,069
159,867
25,641

547,098 1,777,737
139,528
351,107
24,159
66,173

314,714
72,731
13,063

170,475
36,670
6,236

298,028
77,216
10,728

475,432 3,252,616
91,273
789,731
14,301
125,553

68,319 1,068,482

150,347

357,942

181,534

150,613

640,136

99,378

47,241

83,431

168,947 1,352,252

408,829
237,603
26,723
203,193
93,545
85,874
978,543

49,854
6,614
4,594
22,659
16,592
10,764 [
64,824

70,900
8,343
2,622
34,958
27,688
16,994
161,456

25,258
4,258
3,363
29,973
24,863
10,127
95,185

45,983 1
28,598
3,113
22,482
24,962
20,989
86,672

202,985
55 , 307
8,826
75,994
50,717
54,360
272,132

43,011
1,596
2,105
12,986
12,434
8,905
48,505

26,581
8,660
695
4,644
10,250
2,532
26,967

30,074
4,179
1,383
10,087
15,366
9,569
55,996

80,963
11,479
871
9,530
18,703
11,802
67,563

198,413
31,700
12,090
151,873
80,826
69,937
440,240

106,022 1,100,158
42,870
379,994
720,164
63,152
-55,417
2,960
-2

140,121
46,514
93,608
-2,363

286,832
74,183
212,649
-=13,455
369

169,532
58,876
110,656
-1,070
-293

149,897
52,121
97,776
= 1,234
-674

448,958
153,069
295,889
-22,061
-2,271

98,941
35,417
63,523
-1 179
956

58,908
24,635
34,273
=-643

91,971
32,847
59,124
-77
^224

149,974
47,686
102,289
102
-513
.

597,827
183,586
414,241
-3,124
-19,700

667,706

91,244

199,562

109,291

95,8671

271,554

63,302

33,629

58,821

101,877

391,415
198,643

51,714
14,380
1,977
18,700
14,938
8,793
94,955

63,147

.....

Memoranda items:
Income taxes applicable to 1970 operating income . .
Tax effect of
Net securities gains or losses ( -) etc.
Transfers2 Capital accounts to IRS Joan loss
reserves . .
....
Totttl provision for income taxes
Federal . . . . , . , ,
........
State and local.......

Digitized for FRASER


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

14,996
32,472

30,735

435,563
2,931

48,664

91,345

45,916
638

44,720
140;

135,310
1,539

26,300

14,875

41,011

43,695
25

42,870

379,994

46,514

74, 183

58,876

52,121

153,069

35,417;;

24,635

32,847

47,6B6

183,586

569

=60,387

-2,232

-13,041

-1,783

-3,977;

-20,517

-407,

-615

=451

-121

-21,967

-3,553
39,835
30,362
9,523

-57,792
261, SI 3
192,919
68,894

^7,043
-4,712
39,570
54,099
39,495
54,099
74 i . . . . . . . . . .

-4,199 :
52,894
47,974
4,920

-5,220
42,923"
41,925
998

-10,51?
122,034
112,719
9,315

-3,855;
31,154'
30,377"
778,!

-1,388
22,631
17,735
4,897

-3,684
28,711
26,029
2,683

-4,103
43,461
43,461

-6,324
155,294
105,165
50,130

i
W

Memoranda items (cont):


Occupancy expense of bank premises (gross)
Rental income from bank premises
Net securities gains or losses ( ) before income
taxes
Extraordinary charges ( ) or credits before income taxes
Reserves for losses on loans:3
Balance at beginning of year
Additions due to mergers and absorptions
Recoveries credited to reserves
Transfers to reserves
Losses charged to reserves
Transfers from reserves
Balance at end of year
Net loan losses ( ) or recoveries*
Reserves on securities:
Balance at beginning of year
Additions due to mergers and absorptions
Recoveries credited to reserves
Transfers to reserves
Losses charged to reserves
Transfers from reserves
Balance at end of year
Total net change in capital accounts.
Net income transferred to undivided profits
Common stock sold (net)
Preferred stock, capital notes, and debentures sold
Premium received on new capital stock sold
Transfers from loan and securities reserves
Other increases
Dividends declared . .
Transfers to loan and securities reserves (net of
tax effect)
.
.

JS
Assets, deposits, and capital accounts:
Loans gross (including Federal funds sold and
resale purchases
U.S. Treasury securities1
Other U.S.
Govt. securities (agencies and corporations)1
..
Obligations of States
and political subdivisions1 . . .
1
All other securities
....
Cash assets56 .
Total assets
Time and savings deposits
Total deposits
Total capital accounts plus total 5reserves5
Equity capital plus total reserves
Number of officers and employees
Number of banks
....

243,196
40,003

26,778
4 119i

49,804
14 846

34,359
4 387

39,849
17 367

103,715
27,722

15,262
2 275

9,580
4 937

20,352
10,264

570 -117,317

-4,595

-26,626

-2,473

-4,618

-40,261

-1,668

-1,259

-488

-28

-4,872

498

-674

-1,267

-4,589

1,036

-265

-503

-39,920

213,557
1 764
6,192
31 560
38,400
180
214,492
32 207

120,947
1.935
2,710
18 403
22 755
454
120 785
20 045

109,242

470,226

65,846

36,656

64,239

6,018
33 176
41 , 808
60
106,569
35 789

13,360
77 046
83 , 894
1 322
475,416
70 533

2,889
21 817
20,569
3 363
66,620
17 679

393
4 853
3 674

4,693
16 901
21,452

109,356
445
5,169
20 789
26 104

38 227
3 281

64,380
16 758

1 09 655
20 934

676,572
3 313
28 , 903
81 908
115,573
496
674,626
86 669

1,294

28,112

791

3,819

5,257

9,827

171

11 220

626

14

379

838

653

2 876

458
29

925
369

3 642
248
5 648
25,858

805

J9
4 179

2 043
7 051

2 507
7 973

3
168

118
40
165

113
13 983

617

28,660
63,147

186 527
667,706

63 032
91,244

84 273
109,291
540
25 000
461
454
10 867
46 554

70 998
95,867
197

40 045
63,302
104
446
384
5,870
7 241
26 300

20 816
33,629
18
1 333
18

14 616
58,821

i " 755
14 875

3
2 403
41 Oil

48 247
101,877
121
35 019
260
113
2 963
43 720

197 467
391,415

26 621
79
4 985
44 860

127 457
271,554
54
6,200
244
3,365
19 751
136,849

22,108
3 408
-5

4,472

88,684 1,303,038
5,541
2,009
28,229
15,404
191 080
216,124
16,176
10
89,922 1,311, 753
14 165 187 894
486

127, 489
744
2,981
21 028
19,878
1 229
131,134
-16 896

33,152
23 622

183,259
31 386

1,958

20,000

458
251
30,735

935
31 907
438,494

1,229
7 443
48 664

111 917
199,5621
118
2,916
519
5,828
21 405
91,345

3,058
1,402

47,414
30,071

5 553
2,667

11 165
15,920

4 091
1 1 , 695

7 346
4,544

13,006
23,856

9 709
1,292

933
128

3 648
4,952

7 761
40 626

5 686
27,740

3,857
553

48,741
4,875

5 771
552

10 651
1,588

6 137
947

5 755
797

20 591
2,754

3 772
551

2 042
186

3 495

5 982
681

33 605
4 063

61
622
24
1,435
7,013
1,216
4,927
663
623

538
6,581
356
22,763
90,788
18,853
65 858
7,924
7,380

6
877
35
1,770
9 420
2,913
7 510
861
793

113
2,739
90
2,946
18 738
7,288
15 022
1,923
1,876

105
1,293
31
2,078
11 003
3 766
9 257
982
915

213
3,654
162
6,294
35 763
12,397
27 669
3,158
2,983

28
644
32
531
892
908
576
646
603

13
292
8
775
3 615
902
2 783
301
289

21

2
10
3
8

54
961
52
312
441
024
420
982
902

552
90
1,562
6 460
l'692
5 296
'616
584

54
1,273
43
2 366
11 018
3 103
8 630
969
929

671
5,850
221
8 820
56 753
25 932
46 666
4 222
3,957

13,401
5

106,796
15

16,491
6

25,910
16

23 , 967
15

20,168
20

45,760
24

11 , 342
15

3,934
8

10,736
18

11 702
17

108,827
19

1
6
I
5

3,000

454

2 314
497
35 310
198 643

For notes see end of table.

Digitized for FRASER


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

6.5 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICT, 1970Continued
C. COUNTRY BANKS
(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Federal Reserve district
Item

Boston j

Philadelphia

?ew

Cleveland

Richmond

Atlanta

Chicago

St.
Louis

Minneapolis

Kansas
City

San
Francisco

Dallas

Operating income Total


. . .
Loans:
Interest and fees
Federal funds sold and securities purchased with
resale agreement
SecuritiesInterest and dividends :l
U S Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions. .
All other securities
Trust department income
Service charges on deposit accounts
Other charges fees etc..
Other operating income :
On trading account (net)
Other

785,259 1,781,982

691,790

846,383

709,335 1,131,545 1,936,285

463,723

487,377

749,854

782,926

750,681

534,413 1,180,094

451,045

529,835

469,169

688,493 1,215,832

278,811

314,214

464,882

507,275

514,434

Operating expenses Total


....
Salaries and wages of officers and employees. . . . . .
Officer and employee benefits
Interest paid onTime and savings deposits
...
Federal funds purchased and securities sold with
repurchase agreement
Other borrowed money
Capital notes and debentures
Occupancy expense of bank premises (net)
Furniture, equipment, etc.
.
. . .
Provision for loan losses
Other operating expenses ,

18,373

44,833

24,592

27,996

22,774

51,294

64,141

15,632

9,698

30,000

29,697

15,936

52,444

139,403

75,558

118,595

68,930

117,505

245,182

71,156

61,048

95,075

77,083

54, 870

6,656
69,577
2,556
37,502
34,221
16,517

26,526
202,275
8,171
48,723
75,555
27,095

18,094
63,281
5,019
20,089
19,576
8,664

17,754
83,006
2,955
16,599
28,233
13,495

22,058
54,018
1,892
12,378
27,837
18,640

37,789
101,379
2,830
22,072
57,816
33,846

67,642
168,944
11,122
36,249
65,073
38,385

19,621
38,915
1,901
7,291
15,388
9,347

16,806
40,220
1,112
4,183
22,715
12,897

18,498
58,591
1,689
9,569
38,988
22,550

25,980
64,347
2,400
9,695
40,403
15,646

15,531
49,629
1,129
13,295
43,454
26,533

2,402
10,597

2,104
27,203

5,873

41
7,875

3,362
8,278

2,008
16,513

107
23,611

438
5,225

1
4,484

942
9,069

178
10,224

1,804
14,066

618,470 1,404,094
363,584
183,943
64,192
32,643

534,078
125,614
20,094

664,169
153,257
22,403

554,888
148,765
21,628

890,595 1,564,136
227,660
353,993
31,614
53,429

356,969
86,671
12,028

394,732
84,894
13,822

570,826
150,389
19,662

618,472
153,213
19,867

624,858
170,120
23,527

193,896

583,203

259,449

309,177

221,191

346,994

768,464

162,615

202,991

230,325

247,826

244,034

15,831
5,429
1,889
37,212
26,832
15,513
105,282

32,458
5,527
5,852
77,373
47,266
28,705
195,937

2,104
597
988
23,692
18,448
7,372
75,721

5,103
814
870
27,620
24,860
14,551
105,514

7,607
1,632
450
25,049
21,912
13,175
93,480

18,236
2,296
1,873
38,207
37,896
30,449
155,371

15,683
5,594
3,412
67,933
55,191
33,594
206,842

2,237
718
450
15,643
14,020
9,430
53,157

3,472
626
1,050
14,530
14,095
6,161
53,091

8,406
2,809
1,102
24,869
22,635
18,336
92,295

9,150
1,482
950
29,491
24,111
29,667
102,717

10,600
3,753
2,970
33,847
23,877
16,684
95,446

Income before income taxes and securities gains or


losses
..
Applicable income taxes .
.......
Income before securities gains or losses
Net securities gains or losses ( ) after taxes
Extraordinary charges ( ) or credits after taxes. . .
Less minority interest in consolidated subsidiaries .

166,789
51,684
115,105
= 658
-265

377,888
90,436
287,452
~7 S SS0
794

157,712
41,242
116,470
-1,329
620

182,214
44,407
137,806
135
233

154,447
47,287
107,160
-2,255
-433

240,949
66,967
173,982
83
679

372,149
102,027
270,122
2,591
-89
IB

106,754
30,350
76,404
1,441
69
18

92,645
26,463
66,182
-480
840

179,027
56,710
122,317
708

164,454
46,441
118,013
-21
-73

125,824
39,562
86,261
841
1,396

Net income

114,180

280,665

115,760

104,471

174,745

272,606

77,896

66,540

123,750

117,9171

88,497

57,254
38

114,921
8

48,060
41

45,427
362

39,042

51,939

84,273
68

21,886

23,414
25

39,146
315

36,486!

29,261

8[;

22

39,562

....

Cash dividends declared on


Common stock
Preferred stock
Memoranda items:
Income taxes applicable to 1970 operating income . .
Tax effect of
Net securities gains or losses ( ) etc.
Transfers
Capital accounts to IRS loan loss
reserves2
. . .
Total provision for income t&xes. . . . . . . . . . . . . . . .
Federal .
State and local
...

Digitized for FRASER


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

,,

"S

51,684

90,436

41,242

44,407

!
47,287|

66,967

102,027

30,350

26,463

56,710

46,441]

-663

-9,100

-1,415

-714

-2?640|

-1,087

90

537

-391

177

630

-4,858
46,161
33,523
12.638

-8,738
72,597
59,053
13.545

-1,898
37,928
37,118
810

-2,889
40', $03
40,768
35

-3,807
40,83839,188
l,650 n

-4,127
61,752
59,505
2,247

-7,121
94,996
86,767
8,228

-1,029
29,853
28,820
1,038

-1,790
24,232
19,343
4,939

-814
55,293
50,256
5,038

-2,376
44,24
43,934;
307^

-3,450
36,742
31,663
5,080

Memoranda items (cont):


Occupancy expense of bank premises (gross)
Rental income from bank premises
Net securities gains or losses ( ) before income
taxes
Extraordinary charges ( ) or credits before income
taxes
Reserves for losses on loans:3
Balance at beginning of year
Additions due to mergers and absorptions. . . .
Recoveries credited to reserves
Transfers to reserves
Losses charged to reserves
Transfers from reserves
Balance at end of year
' Net loan losses ( ) or recoveries4
Reserves on securities :
Balance at beginning of year
Additions due to mergers and absorptions. . . .
Recoveries credited to reserves
Transfers to reserves
Losses charged to reserves
Transfers from reserves
Balance at end of year
Total net change in capital accounts
Net income transferred to undivided profits
Common stock sold (net)
Preferred stock, capital notes, and debentures
sold
Premium received on new capital stock sold . . . .
Transfers from loan and securities reserves
Other increases
Dividends declared
Transfers to loan and securities reserves (net of
tax effect)
Other decreases

42,723
5 512

84,242
6 870

26,534
2,843

33,069
5 449

30,033
4 983

49,070
10 863

83,525
15 592

17,379
1 736

17,657
3 127

30,454
5 585

39,828
10 338

39,642
5 795

-1,471

-16,226

-2,947

-696

-4,677

-1,146

2,839

1,925

-769

680

24

1 492

-116

339

822

350

-651

822

-247

122

737

153

56

1 374

117,570
3,949
3,513
13 395
12,193
609
125,625
8 675

121,532
1,286
7,427
22 423
24,185
1,234
727 249
17 140

103,284
1,225
5,760
20 833
22,769
248
108,086
17 028

152,252
34
12,624
43 741
46 961
1,416
160 274
34 650

321 , 130
467
16 047
50 763
55 758
2,822
329 828
39 937

63,955
171
3 489
14 872
14 245
660
67 582
10 833

77,917
165
2 776
11 166
10 647
589
80 789
7 898

95 812
112
9 872
23 432
28 422
577
100 229
19 684

118 825

101 757
'531
8 959
26 734
32 109
1 601
104 272
23 348

J27, 539
851
6,631
25 277
28 716
477
131 104
22 123

311 , 783
6,042
10,704
47 290
50,253
2,084
323 482
39 549

13 492
41 751
50 209
795
123 063
37 810

3,943
19
79
417
258
268
3 932

1,105
8
13
78
2
142
1 ,060

8,279
32
12
1 254
175
995
8 407

5,267

6,927

13 263

2 756

12
1 631
9
809
7 753

78
1 292
153
1,878
12 601

15
401
19
386
/ 904

46
371
34
40
3 100

10 915
600
36
4 712
665
1 655
13 942

3 421

1
522
16
409
5 365

4 245
10
123
967
75
130
5 140

/ 893

171
283
16
202
/ 827

66,705
114,180
1,385

211 , 809
280,665
4,232

119,369
115,760
5,659

114,339
138,175
4,394

78,597
104,471
3,241

146,883
174,745
10,178

212,783
272,606
5,369

56,662
77,896
-13

48,041
66,540
1 153

91 657
123,750
1 770

84 548
117,917
6 703

74 729
88,497
2 820

6,270
2,988
679
10 929
57,292

5,192
9,365
2,352
57 870
114,928

12,987
751
47 331
48,100

1,169
8,995
2,228
20 555
45,789

1,140
5,142
657
16 596
39,042

3,838
21,694
2,224
14 373
51,939

11,251
8,321
4,700
29 649
84,341

2 015
2,360
790
10 607
21 886

3 603
1,138
974
7 366
23 440

3 424
2,956
617
18 528
39 461

2 568
7I156
2,450
21 786
36493

1,603
12 718
29 283

5,189
7 245

10,264
22 673

4,203
10 816

6,237
9 150

4,373
9 235

10 796
17 435

11 689
23 081

5 378
9 728

3 615
5 678

4 654
15 273

14 419
23*119

7 998
15 790

1,592

57
1 398
2
4 873

6 650

isjsn

Assets, deposits, and capital accounts :


Loans gross (including Federal funds sold and resale purchases)
U.S. Treasury securities1
Other U.S.1Govt. securities (agencies and corporations)
Obligations of States
and political subdivisions1 . . .
1
All other securities
Cash assets51
Total assets*
. .
Time and savings deposits
Total deposits
Total capital accounts plus total 5reserves5
Equity capital plus total reserves

6,853
904

16 193
2,681

6,387
1,370

7 529
2,120

6 119
1,217

8 958
2,090

16 596
4 429

3 882
I 251

4 223
1 140

6 119
1 671

6 513
1 375

6 339
1 008

98
1,641
45
1,749
11 650
4,182
9 797
1,078
1 044

451
4,718
125
3,517
28 442
12,767
24 526
2,514
2 403

273
1,606
84
1,306
11,287
5,783
9,878
1,041
1 029

255
2,026
48
1,699
13 982
7,144
12 295
1,254
1 238

335
1,327
40
1,462
10 861
4,751
9 398
950
942

570
2,397
47
2,884
17 523
7,188
15 322
1,488
1 454

1,004
4,087
190
3,845
30 934
16,354
27 446
2,511
2 456

304
981
32
1,137
7 769
3 442
6 916
689
680

248
991
20
937
7 742
4 168
6 878
614
596

277
1,446
29
1 909
11 761
4 785
10 320
1 074
1 059

384
1,597
48
2 252
12 557
4 963
11 090
1 091
1 074

246
1,193
25
1 344
10 607
5 090
9 240
842
782

Number of officers and employees


Number of banks

29,119
226

53 073
336

20,903
315

25,066
454

24,515
346

36 208
526

53 073
919

13 655
444

12 787
481

22 089
789

23 388
617

25 202
136

1
2

Excluding trading-account securities.


Prior to 1969 transfers to IRS reserve for bad debt losses
on loans were deducted from operating income; beginning in
1969, within prescribed limits, banks have been permitted to
deduct all or part of the transfers to this reserve from income
and to treat the balance, if any, as a transfer from capital accounts.
(These transfers are exempt from Federal income taxes.)
3
Includes reserve for bad debt losses and other reserves on
loans.

Digitized for FRASER


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

4
Sum of the expense item "provision for loan losses" for
banks not on a reserve-accounting method and the excess of
losses charged against reserve for losses on loans over recoveries credited to these reserves for banks on a reserveaccounting
method.
5
Cash assets comprise cash, balances with other banks (including reserve balances), and cash items in process of collection. Equity capital and reserves include common and

preferred stock, surplus, undivided profits plus reserves for


contingencies, other capital reserves, and reserves on loans and
securities. Total capital accounts include equity capital and
capital
notes and debentures.
6
Including trading-accounts securities.
NOTE.Figures exclude one member bank located outside
the continental United States. Details may not add to totals
because of rounding.

i
W

6.6 MEMBER BANK INCOME RATIOS BY CLASS OF MEMBER BANK


BY FEDERAL RESERVE DISTRICT, 1970
A. ALL BANKS
(Computed from aggregate dollar amounts)
Federal Reserve district
Item

Summary ratios:
Percentage of equity capital plus all reserves:
Income after taxes and before securities gains (losses) 1
Net income
Cash dividends paid . . . .
.......
Percentage of net income:
Cash dividends paid
Sources and disposition of income:
Percentage of total assets:
Total operating expenses
Salaries, wages, and fringe benefits. . .
Interest on time and savings deposits
Occupancy expense of bank premises (net)
.
All other operating expenses
Total operating income
Income after taxes and before securities gains (losses)1
Net income
Percentage of total operating income: 2
Interest fees and other loan income
Securities- -Interest and dividends:3
U S Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
All other securities
Service charges on deposit accounts
Trust department income
,.
AH other operating income
.
. .

Digitized for FRASER


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

Total operating income


Salaries and wages
Officer and employee benefits
Interest onTime and savings deposits
Borrowed money
Capital notes and debentures. . . . . . . .
. . ..
Occupancy expense of bank premises (net)
Provision for loan losses
All other operating expenses
Total operating expenses
Income before taxes and securities gains (losses)
Income after taxes and before securities gains (losses) . ,
Net securities gains or losses ( ), t*fter taxes
All other income (net)
Net income.

Minneapolis

Kansas
City

Dallas

San
Francisco

10.87
11.00
3.75

11.27
11.31
4.32

11.03
11.11
4.89

10.92
10.96
4.00

10.56
10.12
4.80

40.64

34.12

38.24

44.07

36.49

47.49

5.14
1.51
1.77
.21
1.65
6.53
.96
.96

5.01
1.23
2.11
.21
1.46
6.24
.84
.81

4.58
1.25
1.78
.19
1.36
5.98
.95
.96

4.97
1.24
2.20
.16
1.37
6.31
.87
.88

4.76
1.41
1.72
.19
1.44
6.25
.99
1.00

4.64
1.18
1,76
.16
1.54
5.97
.92
.93

5.75
1.64
2.36
.27
1.48
6.83
.74
.71

70.23

68.13

68.42

67.36

67.81

67.77

70.86

72.15

10.31
1.19
9.83
.42
2.59
3.69
3.64

8,80
2,06
7.48
.24
3.92
2.80
4.47

8.79
2.26
7.86
.39

*:8
5.57

9.73
1.97
7.82
.49
2.32
3.62
5.63

10.57
1.73
7.06
.54
4.08
2.92
5.33

7.92
2.04
8.49
,35
3.45
2.61
4.28

5.97
1.24
6.27
.36
4.50
2.52
6.99

100.00

100.00

16.96
2.79

Boston

New
York

Philadelphia

Cleveland

10.68
10.63
5.27

10.29
9.69
5.65

11.52
11.36
5.31

11.25
10.84
4.40

11.71
11.50
4.60

11.46
11.48
4.10

10.36 '
10.00
4.06

49.64

58.35

46.74

40.60

40.04

35.77

5.44
1.82
1.40
.29
1.93
6.90
.95
.95

4.72
1.30
1.42
.23
1.77

:SS
.79

4.86
1.41
1.97
.22
1.26
6.29
1.01
.99

4.78
1.21
2.03
.19
1.35
6.22
1.07
1.03

5.09
1.62
1.84
.25
1.38
6.58
.99
.97

69.22

70.31

71.36

68.33

6.07
.89
7.23
.49
2.09
5.47
7.45

8.21
1.39
7.46
54
2.72
4 41
3.91

100.00

Richmond

St.
Louis

Atlanta Chicago

6.58
.86
7.29
.29
3.11 !
7.04
5.61

11.80
2.39
7.34
.36 1
2.96
2.36
5.43

9.86 i
2.42
7.39
.20
3.67 i
2.37
6.28

100.00

100.00

100.00

100.00

100.00

100.00

100.00

22.53
3.85

18.38
3.45 ,

18.74
3.64

17.00
2.50

21.44
3.28

20.08
3.05

16.93
2.87

18.16
2.85 i

19.96
2.66

17.35
2.42

20.86
3.24

20.34
6.77
.29
4.33
1.88
18.84

23.93
9.62
.45
3.94
1.61
17.84

31.41
4.53
.42
3.55
1.39
13.49

32.77
4.18
.17
3.07
1.54 ,
15.73

27.98
2.69
,26
3,82
1.61
16.41

27.21
5.20
.27
3.31
2.81
16.70

33.83
6.71
.29
3.45
2.11
14.09

29.86
27.52
34.91
5.42
5.48
3.98
.29
.24
.21
3.26
2.67 !
3.06
2. OH !
1.21 1
2.44
14.64
14.60
16.40

29.59
7.31
.12
2.77
2.94
15.18

34.69
5.31
.32
4.03
1.88
13.95

77.17

76.96

77.49

78.63

80.28 !

76.56 !

78.86 ,

76.23

77.68

84.28

22.83
16.10
-.28
.04
15.86

22.51
23.04
17.21 ! 15.13
-.23
_ 64
.02
-.05
16.59 ' 14.85

21.37
14.86
= .07

19.72
13.59
-.47
-.05
13.07

23.44 i
15.94 i
.04
.11
16.09

21.14
14.01 i
-.15
.11
13.97

23.77
15.91
.06
.04
16.01

22.32
15.64

15.72
10.87
-.05
-.39
10.43

100.00

78.83

79.22

21.17
13.83
~.G5
-.02
13.76

20.78
14.17
~.H9
.05
13.33

14.79

100.00

-.04
15.60

Rates of return (per cent) on


SecuritiesInterest and dividends :$
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
All other securities
Loans :%
Interest, fees, and other loan income
Net loan losses ( ) or recoveries4

5.82
6.98
4.15
5 47

5.71
6.41
4.55
7 25

5.57
6.52
3.92
6 00

5.66
6.61
4.20
6 32

5.85
6.73
4.10
5 01

5.57
6.62
4.28
7 17

5.64
6.74
4.20
5 84

5.74
6.33
3.96
5 07

5.33
6.65
4.13
5 42

5.67
6.62
4.02
5 20

5.43
6.58
4.16
5.53

5.41
6.24
4.10
6.75

8.32
- 33

7.69
- 35

7.65
- 21

7.65
- 26

8.24
- 30

8.46
- 47

7.66
-.29

7.72
- 37

7.75
-.17

8.03
- 35

7.98
-.44

8.31
-.27

Ratios on selected types of assets:


Percentage of3 total assets:
Securities:
U S. Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
All other securities
Gross loans~
Cash assets
.
. . .
Real estate assets . .

7 80
.85
12.12
36
57 39
17.05
1.76

6 33
.82
9.47
40
54 46
22 04
1.12

9 28
1.34
11.99
57
58 71
14 85
1.49

11 33
1.12
14.56
42
55 56
14 19
1.35

9 89
2.01
11.98
32
56 04
16 18
1 91

10 32
2.23
12.00
35
52 61
18 58
2 40

10 76
1.82
11.60
.52
55 75
15 20
1.51

12 28
2.26
11.08
43
52 20
18 19
1.50

11 67
2.29
11.29
.24
55 16
15 07
1.59

11 66
1.63
10.96
.65
52 76
19 04
1.82

8,72
1.85
12.17
.38
52 99
19,58
2.28

7.52
1.36
10.45
.36
59 29
15.08
2.11

42.11
29
22.56
22.36
12.68

49.83
26
15.12
13.11
21 . 68

33.44
1.08
26.75
21.92
16.81

34.13
1 01
26.35
24.65
13.86

30.40
1 38
23.69
31.20
13.33

33.45
1 38
18.23
31.58
15 36

36.08
2.48
27.36
17.88
16.20

32.55
4 47
23.35
24.76
14.87

29.38
10.95
28.18
22.09
9.40

29.41
15 10
15.60
23.74
16.15

40.87
5.P
11.15
22.20
20.66

37.40
3.78
27.99
18.67
12.16

4.85
32.67
36.66
9 33

5.38
26.06
34.98
8 75

4.71
27.23
50.01
9 18

4.62
21.93
52.83
9 70

4.72
30.48
45.65
8 83

4.87
27.89
43.01
8 83

4.89
28.51
52.16
8 49

4.89
30.17
42.82
9 10

4.93
31.89
52.48
8.06

4.84
31.51
41.47
9 27

5.16
28.52
40.89
8.73

5.14
28.57
55.48
7.51

231

351

321

470

361

546

943

459

489

807

634

155

Percentage of gross loans:2


Commercial and industrial loans
Loans to farmers1 .
Real estate loans
Loans to individuals
for personal expenditures
All other loans 2 . . .
....
Other ratios (per cent):
Interest on time and savings deposits to time and savings deposits . . .
Income taxes to net income plus income taxes
Time and savings deposits to total deposits
Total capital accounts and reserves to total assets^
Number of banks 6

Digitized for FRASER


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

For notes see end of table.

6.6

MEMBER BANK INCOME RATIOS BY CLASS OF MEMBER BANK


BY FEDERAL RESERVE DISTRICT, 1970Continued
B. RESERVE CITY BANKS
(Computed from aggregate dollar amounts)
Federal Reserve district

Item

New
York

Boston

Summary ratios:
Percentage of equity capital plus all reserves:
Income after taxes and before securities gains (losses)1
Net income
Cash dividends paid
Percentage of net income:
Cash dividends paid.. .

Digitized for FRASER


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

Percentage of total operating income: 2


Interest, fees, and other loan income
SecuritiesInterest and dividends:3
U.S. Treasury securities
.
Other U.S. Govt. securities (agencies and corporations).
Obligations of States and political subdivisions
All other securities
Service charges on deposit accounts
Trust department income
AH other operating income

Total operating expenses.


Income before taxes and securities gains (losses).
Income after taxes and before securities gains (losses).
Net securities gains or losses (), after t a x e s . . . . . . . . .
All other income (net)
Net income.

65.67

Cleveland

Richmond

11.80
11.50
6.13

11.33
10.63
4.86

12.09
11.94

53.33

45.77

42.5

Atlanta Chicago

5.08

10.83
10.62
4.97

9.91 I
9.10

46.79

50.39

4.58

St.
|: MinneLouis
apolis

Kansas
City

Dallas

10.53 i
10.49 I
4.36 S

11.84
11.62
5.14

10.12
10.07
7.02

11.00
10.96
4.70

10.46
9.89
5.01

41.54

44.23

69.72

42.91

50.74

4.31
.95
1.53
.08
1.75
5.67
.92
.92

5.73
1.61
2.38
.26
1.48
6.78
.72
.68

i
5.01
1.55
1.59
.24
1.63
6.50
.99
.96

5.66
1.76
.97
.26
2.67
7.17
.90
.90
70.84

67.39

5.49 I
.69
5.86
.50
1.37
6.39
8.86

6.45
.88
4.86
.24
1.18
10.57
8.43

100.00 I 100.00

Total operating income


Salaries and wages
Officer and employee benefits
Interest on
Time and savings deposits
Borrowed money
Capital notes and debentures
Occupancy expense of bank premises (net)
Provision for loan losses . . . . . . . . . . . .
All other operating expenses

9.75
9.04 |
5.94

10.13
10.13
4.93
48.67

Sources and disposition of income:


Percentage of total assets:
Total operating expenses
Salaries, wages, and fringe benefits
Interest on time and savings deposits
Occupancy expense of bank premises (net)
All other operating expenses
Total operating income
Income after taxes and before securities gains (losses)1
Net income

I Philaji delphia

San
Francisco

21.15
3.38

17.70
3.41

4.81
5.0
1.18 i
1.6
1.91
1.6
.18
.2
1.54
1.5
6.34
6.6
1.13
1.0
1.06
.9
1
70.06 71.08

74.30
5.16
.01 I
5.56
.34 |i
2.61 |
6.12
5.90
100.00
19.40 !
4.48 |

5.23
1.56
1.44 I
.21
2.02 ,
6,67
.93
.91

4.97
1.16
1.78
.21
1.82
6.22
.82
.75

.18
1.70
6.00
.92
.91

4.71
1.18
1.30
.12
2.11
6.34
.94
.93

4.56 i
1.24
1.44

72.61 "

70.44

71.70

70.70

71.19

73.72

72.45

7.67
.55
9.85
.48
2.07
4.92
4.40

7.91
1.04
7.35
.22
3.93
3.83
4.64

6.22
.51
6.09
.61
3.44
3.48
7.04

7.18
.65
7.04
.42
1.41
5.14
7.72

7.83

.34
6.16
.32
2.56
3.24
7.85

4.21
.25
5.58
.16
1.58
5.59
11.93

6.53
.32
5.61
1.16
1.93
6.09
7.17

5.52
.46
8.84
.42
1.32
4.33
5.39

5.71
1.08
6.21
.40
4.25
2.67
7.23

100.00

100.00

100.00

100.00

100.00

00.00

100.00

100.00

100.00

16,22
2.39

21.91
3.51

20.01
3.46

15.76
2.97

17.58

15.98
2.71

19.79
2. 75

14.59
2.28

20.51
3.26

20.59
15.36
.30
2.02
1.10
16.26

21.39
8.78
.35
2.58
2.45
18.33

27.01
14.78
.13
1.52
1.88
13.83

35.11
5.97
.31
3.94
1.81
13.57

76.02 ';

84.48

23.98
16.35
.01

15.52
10.75
-.08
-.51

3.15

21.00
13.57
12.13 I
13.13
.50 (
.39
3.71 | 3 . 8 1
1.61
1.74 j
21.87 'i 19.20

24.53
9.21
.74
3.69
1.75
13.34

30.09
6.66 i
.22 j
i
2.93 S
]
1.42
1 15.% ';

24.88
4.04
.46
4.10
1.38
16.49

21.60
10.70
.44 I
3.22 I
3.01
16.06

28.74
11.59
.39
3.41
2.44
14.54

24.02
10.78
.50
3.13
2.15
14.78

78.94 :

77.14 \ 75.89 i 1

76.77

78.50

79.84 F

76.09 ;

21.06 '
12.54

79.36 <
20.64 "
13.51

.......1-1.03

. .. . . . . ' I
12.54

i.
ji

22. B6 '. 24.11 " 23.23 .! 21.50


15.27 17.88 i 15.16 i 14.02
=.38 ; -1.13

.05 . . . . . . . . !

12.53 14.8

4.61
1.36
1.29
.15
1.81
6.03
.91 1
.91

.03 :

=.15

-.04 "

16.78 S 14.97 i

-.18

-.09
13.75 \

20.16 ,i
13.28 j!
-.99
-.10
12.19

5
|
*
!

23.91
15.35
-.28

74.32 I 76.42 :'


25.68
14.94
-.28

.23 :........

15.30 '!

23.58
15.16
-.03
-.05

14.66 \

15.OS ]

16.28 i, 10.16

I
w

Rates of return (per cent) on


Securities Interest and dividends :3
U.S. Treasury securities
. .
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions. . .
AH other securities
Loans:2
Interest fees and other loan income
Net loan losses ( ) or recoveries*

5.86
7.30
3.93
5 05

6.00
6.86
4.74
7 50

5 73
1.74
3 88
6 12

5.74
5.81
4 27
6 44

6.09
7.25
4.14
5 31

5.44
6.64
4.42
8 23

5.80
6.80
4.29
5 83

5.88
4.99
3.95
4 19

5.19
4.30
4.38 1
4 96

5.60
6.08
3.97
5 03

5.07
5.37
4.34
6 13

5.41
6.22
4.08
7 00

8.79
- 36

7.74
- 38

7 89
- 29

7 82
- 30

8.45
- 32

8.79
- 62

7.61
- 34

7.86
-.46

7.94
- 16

7.94
- 47

7.70
- 34

8.30
- 25

Ratios on selected types of assets:


Percentage of3 total assets:
Securities:
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
All other 2securities
Gross loans
Cash asse*s
Real estate assets . .

7.88
.87
8.86
34
55.00
20 45
1.47

5.36
.59
7.24
39
53.68
25 07
1 01

5.86
.06
9.31
36
61 25
18 78
1 33

8.47
.60
14.61
47
56 84
15 72
1 20

8.60
.95
11.75
28
55.77
18 88
1.59

7.62
.51
9.20
50
55.11
22 14
2 65

7.70
.59
10.21
45
57.57
17 59
1.46

7.99
.41
9.34
46
54.72
22 21
1 39

5.15
.37
8.07
21
56.48
21 43
1 57

7.03
.32
8.54
1 39
54.10
24 17
2.01

6.18
.48
11.55
38
54 29
21 47
2.48

7.15
1.18
10.30
38
59.21
15 54
2.07

60.74
02
8.47
12.32
18.45

57.56
06
8.80
8.59
24 99

47.05
06
12 21
16.28
24 40

44 42
04
20 09
18.42
17 03

36.49
42
19.16
28.19
15 74

38.33
47
12.22
30.12
18 86

47.62
34
19.15
11.46
21 43

44.36
57
13 02
21.53
20 52

46.02
73
15 12
20.15
17 98

36.08
5 02
12 56
20.98
25 36

45.68
91
8 45
15.95
29 01

39.04
3 15
27.73
17.09
12 99

5.61
38.71
24.67
9 45

5.22
28 16
28.62
8 72

5.16
30 24
38.78
9 14

4.91
21 32
48.51
10 26

4.82
32 61
40.67
8 92

4.98
30 92
35.91
9 40

5.16
31 00
44.80
8 82

5.20
32 98
34.22
9 37

5.23
40 22
32.43
8 33

4.92
32 80
31.95
9 53

5.44
29 90
35.95
8 79

5.21
28 40
55.56
7 43

15

16

15

20

24

15

18

17

19

Percentage of gross loans:2


Commercial and industrial loans
Loans to farmers
Real estate loans . ,
Loans to individuals
for personal expenditures
AH other loans2 . . .
...

....

Other ratios (per cent):


Interest on time and savings deposits to time and savings deposits . . .
Income taxes to net income plus income taxes
Tune and savings deposits to total deposits
Total capital accounts and reserves to total assets5
Number of banks6 . . . .

Digitized for FRASER


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

For notes see end of table.

cn

Digitized for FRASER


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

6.6 MEMBER BANK INCOME RATIOS BY CLASS OF MEMBER BANK


BY FEDERAL RESERVE DISTRICT, 1970Continued
C. COUNTRY BANKS
(Computed from aggregate dollar amounts)
Federal Reserve district
Item
Boston

New
York

PhilaClevedelphia \ land

Richmond

St..
Louis

Atlanta Chicago

Minneapolis

Kansas
City

Dallas

San
Francisco

-.Summary ratios:
Percentage of equity capital plus all reserves:
Income after taxes and before securities gains (losses)1
Net income
,,..,.,...
....
Cash dividends paid
Percentage of net income:
Cash dividends paid

..

Sources and disposition of income:


Percentage of total assets:
Total operating expenses
Salaries, wages, and fringe benefits
Interest on time and savings deposits
Occupancy expense of bank premises (net)
Alt other operating expenses
Total operating income
Income after taxes and before securities gains (losses)l
Net income , . .

..

Percentage of total operating income: 2


Interest, fees, and other loan income
Securities - Interest and dividends:3
U.S Treasury securities . . .
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
All other securities . , . ,
Service charges on deposit accounts
. ...
Trust department income, . . .
All other operating income
Total operating income. . . . .
Salaries and wages. . . . . . . . . . . . . .
....
Officer and employee benefits ,
Interest on-Time and savings deposits
Borrowed money
......
.....
Capital notes and debentures
Occupancy expense of bank premises (net) . . . . . , . . . . . . .
Provision for loan losses. ....
AH other operating expenses

11.01
10.93
5.48

11.94
11.68
4.78

11.31
11.25
4.67

11.13
11.16
3.69

11.35
11.08
4.14

11.85
12.01
3.57

10.90
11.09
3.43

11.18
11.45
3.21

11.00
11.16
3.93

11.52
11.68
3.72

10.85
10.97
3.39

11.03
11.32
3.74

50.17

40.94

41.55

33.13

37.37

29.72

30.93

28.09

35.22

31.88

30.94

33.08

5.30
1.85
1.66
.31
1.48
6.74
.98
.98

4.93
1.50
2.05
.27
1.11
6.26
1.00
.98

4.73
1.29
2.29
.20
.95
6.12
1.03
1.02

4.75
1.25
2.21
.19
1.10
6.05
.98
.98

5.10
1.56
2.03
.23
1.28
6.53
.98
.96

5.08
1.47
1.98
.21
1.42
6.45
.98
.99

5.05
4.59
1.27
1.31
2.48
2.09
.20
.21
1.05
1.03
6.25 ! 5.96
.86
.97
.88
1.00

5.09
1.27
2.62
.18
1.02
6.29
.84
.85

4.92
1.37
1.97
.23
1.35
6.23
.92
.93

5.89
1.82
2.30
.31
1.46
7.07
.81
.83

70.39

68.73

68.75

65.90

69.35

65.37

66.10

63.49

6.67
.84
8.86
.32
4.35
4.77
3.80

7.82
1.48
11.35
.45
4.23
2.73
3.21

10.92
14.01
2.61
2.09
9.14 ! 9.80
.72
.34
2.82
3.33
2.90
1.96
2.14
2.57

9.71
3.10
7.61
.26
3.92
1.74
4.31

10.38
3.33
8.95
.25
5.10
1.95
4.67

12.66
3.49
8.72
.57
3.36
1.87
3.23

7.30
12.52
12.67
9,84
15.34
3.31
2.06
3.44
2.46
4.23
6.61
8.25 i 7.81
8.21
8.39
.15
.22
.30
.22
.40
5.78
5.19 j 5.16
3.31 ! 4.66
1.23 | 1.77
1.27
1.57 i
.85
3.60
4.39
3.37 j 5.68
3.27

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

23.42
4.15

20.40
3.60

18.15
2.90

18.10
2.64

20.97
3.04

20.11 I 18.28
2.75
2.79

18.69
2.59

24.69
2.70
.24
4.73
1.97
16.87

32.72
2.13
.32 1
4.34
1.61 i
13.68

37.50
.39
.14
3.42
1.06
13.65

36.52
.69
.10
3.26
1.71
15.46

31.18
1.30
.06
3.53
1.85
16.30

30.66 i 39.68
1.09
1.81
.17
.16
3.37
3.50
2.69
1,73
17.12 , 13.59

35.06
.63
.09
3.37
2.03
14.52

77.21

66.46

100.00

17.41
2.83

4.85
1.44
1.95
.21 !
1.25
6.37
1.03
1.05
65.99

68.58

70.65

100.00

100,00

20.05 ! 19.56
2.53
2.62

22.66
3.13

100.00

41.64
30.71
.84 i 1.49
.21
.14
2.9B
3.31
1.26 i 2.44
13.83 ! 15.37

31.65
1.35
.12
3.76
3.78
16.25

32.50
1.91
.39
4.50
2.22
15.93

76.13

78.77

7g.eo

78.48

78.23

78.71

80.79

79.00

S3. 24

Income before taxes and securities gains (losses) . . . . . . . . . . . . .


Income after taxes and before securities gains (losses)
Net securities gains or losses () after taxes. . . . . . . . . . .
AH other income (net) ......

21.23
14.65
-.0S
-.03

21.20 i 22.79 i 21.52


16.83
16.28
16.13
.02
--.42 -.is :
.OS i
.04
.02

21.77
15.10
-.32
-.06

21.29
15.37
.01
.06

19.21 i 23.02
16.47
13.95
.12
.31
.01

19.00 1! 23.87
21.00
13.57 16.31
15.07
-.09
.10 | -.01
.17 j
.09

16.76
11.49
.11
.IB

Net income.

14.54

15.75

14.72

15.44

14.07

13.65

Total operating expenses

.......

16.73

16.32

76.98

16.79

81. 00

16.50

15.06 11.78

Rates of return on
SecuritiesIn terest and dividends : 3
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
All other securities
Loans:2
Interest, fees, and other loan income
Net loan losses ( ) or recoveries4

5 80
6.78
4 24
5 70

5 20
5.87
4 28
6 53

5 51
6.63
3 93
5 95

5 59
6.96
4 09
6 10

5.66
6.57
4.07
4.77

5.62
6.62
4 23
5.99

5 53
6.73
4 13
5.84

5 68
6.45
3 96
5.95

5 35
6.78
4 05
5.60

5 68
6.66
4 05
5.73

5 60
6.75
4 02
4.99

5 44
6.30
4 16
4.55

8 06
- 32

7 56
- 24

7 44
- 13

7 40
21

8.04
- 27

8.25
- 37

7.71
- 23

7.58
- 27

7.67
- 18

8.08
- 28

8 24
- 53

8.36
- 36

Ratios on selected types of assets:


Percentage of3 total assets:
Securities:
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
All other securities
Gross loans2
Cash assets
Real estate assets

7.75
84
14.08
38
58.83
15 01
1.93

9.42
1 58
16 58
43
56 93
12 36
1 49

12.13
2 41
14 23
74
56 58
11 56
1 61

15.15
i 82
14.48
34
53 84
12 15
1 57

11.20
3,08
12.21
36
56.33
13 45
2.23

11.92
3.25
13.67
.26
51.12
16 45
2.25

14.31
3.24
13.21
61
53.65
12 43
1.57

16.09
3 91
12.62
41
49.96
14 62
1.60

14.71
3.19
12.80
25
54.54
12 09
1.60

14.21
2 35
12.29
25
52.02
16 23
1.71

10.94
3 06
12.72
38
51.86
17 93
2.10

9.50
2.32
11.24
.23
59.75
12.66
2.32

31 63
.44
30 48
28 01
9 44

26 56
.87
34 12
26 72
11 73

21 14
2.00
39 87
27 02
9 97

19 56
2.39
35 20
33 47
9 38

24 29
2.35
28 24
34 22
10 90

30 31
1.97
22 09
32 53
13 10

21 77
5.14
37 55
25 85
9 69

21 06
8.25
33 39
27.90
9 40

21 33
15.90
34 49
23 03
5 25

25 60
20.86
17 33
25 32
10 89

36 45
9.00
13 63
27 94
12 98

28.67
7.08
29.38
27.09
7.78

4.63
28.78
42 68
9.25

4.56
20.55
52 05
8 83

4.48
24.67
58 54
9 22

4.32
22 79
58 10
8 96

4.65
28.10
50 55
8.74

4.82
26.11
46 91
8.48

4.69
25.84
59 58
8.11

4.72
27.70
49 76
8.86

4.87
26.73
60 59
7.93

4.81
30.88
46 36
9.13

4.99
27.28
44 74
8.68

4.79
29.33
55.08
7.93

226

336

315

454

346

526

919

444

481

789

617

136

Percentage of gross loans:Commercial and industrial loans


Loans to farmers
Real estate loans
Loans to individuals
for personal expenditures
All other loans2
Other ratios (per cent):
Interest on time and savings deposits to time and savings deposits. . .
Income taxes to net income plus income taxes
Time and savings deposits to total deposits
Total capital accounts and reserves to total assets5
Number of banks 6
1
2

Excludes minority interest in operating income, if any.


Loans include Federal funds sold and securities purchased
under agreements to resell.
3
Excludes trading-account securities.

Digitized for FRASER


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

4
Sum of the expense item "provision for loan losses" for
banks not on a reserve-accounting method and the excess of
losses charged against reserves for losses on loans over recoveries credited to these reserves for banks on a reserveaccounting method.

Includes capital notes and debentures and all valuation


reserves.
G Excludes one member bank located outside the continental United States.

to

6.7 MEMBER BANK INCOME, EXPENSES, AND DIVIDENDS, BY SIZE OF BANK, 1970
(Amounts in thousands of dollars)
Size group Total deposits (in thousands of dollars)
Total i

Item

5,00010,000

2,0005,000

Less than
2,000

10,00025,000

25,00050,000

50,000100,000

100,000500,000

500,000or more

27,906,437

32,066

196,079

687,379

1,848,123

1,801,784

1,716,143

5,250,063

16,374,801

18,702,956

8,196

111,947

409,597

1,132,239

1,134,316

1,100,839

3,468,149

11,337,674

780,353

784

9,692

31,955

81,124

66,431

55,242

161,826

373,300

2,206,608
414,103
2,090,262
118,338
1,074,623
867,305
681,094

3,938
658
375
107
16,791
599
297

39,238
11,055
9,439
984
188
7,953
3,529

108,720
32,043
49,086 !
2,760
904
32,976
12,601

249,433
67,811
160,741
7,356
8,429
89,057
33,149

197,825
63,102
164,603
7,399
25,316 !
84,323
37,595

183,133
45,908
155,032
6,808
36,706
68,990
40,244

438,336
75,538
441,020
21,551
202,964
189,838
149,785

985,987
117,989
1,109,967
71,373
783,325
393,570
403,894

345,858
624,937

321

2,055

1
6,736

88
18,696

67
20,808

584
22,656

18,425
82,633

326,693
471,031

Operating expenses*Total .
Salaries and wages of officers and employees . . .
Officer and employee benefits
Interest paid on
Time and savings deposits
Federal funds purchased and securities sold with repurchase agreement
Other borrowed money
Capital notes and debentures
Occupancy expense of bank premises (net)
Furniture, equipment etc, . .
Provision for loan losses
....
Other operating expenses

22,184,720
5,279,546
875,289

22,573
11,356
1,304

154,008
45,461
4,330

543,449
142,011
16,620

1,463,857
352,111
46,862

1,431,789
347,902
51,177

1,369,245
330,827
49,332

4,138,321
1,058,203
171,085

13,061,478
2,991,675
534,579

8,187,539

3,268

63,404

238,524

670,744

638,060

608,071

1,577,213

4,388,256
1,159,111
407,366
67,689
588,232
364,065
296,834
2,263,671

Income before income taxes and securities gains or losses . . . .


Applicable income taxes.
, ...
Income before securities gains or losses
Net securities gains or losses ( } after taxes.
.,.
Extraordinary charges ( ) or credits after taxes

5,721,718
1,775,526
3,946,192
-107,100
-14,813
38

Net income . ,
Cash dividends declared onCommon stock.
Preferred stock

Operating incomeTotal

Loans:
Interest and fees
Federal funds sold and securities purchased with resale
agreement
Securities Interest and dividends:2
U S Treasury securities
Other U.S. Govt. securities (agencies and corporations) . .
Obligations of States and political subdivisions
All other securities .
....
Trust department income
Service charges on deposit accounts
. .
Other operating income:
On trading account (net)
Other.

Memoranda items:
Income taxes applicable to 1970 operating income
Tax effect ofNet securities gains or losses ( ) etc
Transfers Capital accounts to IRS loan loss reserves^1 . .
Total provision for income taxes
Federal
,
...............
State and local
.....
.. .. .

Digitized for FRASER


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

58
239
38
5,930
4,568
5,291
24,689

726
779
204
21,692
17,335
19,216
86,343

4,251
2,426
1,449
63,552
48,881
43,443
230,138

8,019
3,234
2,862
65,269
52,843
35,243
227,179

17,931
3,268
3,413
64,520
52,763
31,699
207,421

175,289
26,652
14,558
201,762
180,760
101,831
630,969

9,493
4,146
5,346
-33
-23

42.072
11,376
30,696
2
-4
1

143,929
39,813
104,116
616
318
1

384,266
105,692
278,574
-25
148
38

369,996
100,745
269,251
-504
1,270

346,898
94,729
252,169
2,782
2,700

1,111,742
330,833
780,909
-8,379
278

3,313,323
1,088,193
2,225,130
-101,555
-19,498

3 ,824,23*

5,288

30,692

105,049

278,658

270,017

257,651

772,806

2,104,078

1,747,883
6,158

3,606

8,511

28,428
72

80,756
103

84,867
91

86,038
277

317,076
507

1,138,600
5,108

1,775,526

4,146

11,376

39,813

105,692

100,745

94,729

330,833

1,088,193

-33
-6,019
88,675
81,842
6,833

-10,661
-23,683
296,488
270,831
25,658

-125,815
-113,224
849,153
693,311
155,842

1,365,386
443,972
90,215
1,011,971
721,716
534,062
3,675,024

-140,141
-155,278
1,486,106
1,272,344
207,762

1,014
502
505
4,616

-42
216
4,320
3,637
6H3 i

26
256

n,65

10,854
805

-47
-685
39,080
36,205
2,876

->1,453
-5,782
98,456
90,615
7, 841

=2,110
-6,357
92,276
85,051
7,225

i.

1
w

Memoranda items (cont.) :


Occupancy expense of bank premises (gross)
Rental income from bank premises
Net securities gains or losses ( ) before income taxes. . . .
Extraordinary charges ( ) or credits before income taxes . .
Reserves for losses on loans:4
Balance at beginning of year
Additions due to mergers and absorptions
Recoveries credited to reserves
Transfers to reserves
Losses charged to reserves
Transfers from reserves
Balance at end of year
Net loan losses ( ) or recoveries5
Reserves on securities :
Balance at beginning of year
Additions due to mergers and absorptions
Recoveries credited to reserves
Transfers to reserves r
Losses charged to rese ves
Transfers from reserves
Balance at end of year
Total net change in capital accounts
Net income transferred to undivided profits
Common stock sold (net) . . . . .
Preferred stock, capital notes, and debentures sold
Premium received on new capital stock sold
Transfers from loan and securities reserves
Other increases
Dividends declared
Transfers to loan and securities reserves (net of tax effect)
Other decreases
Assets, deposits, and capital accounts:
Loans gross (includes Federal funds sold and resale purchases)
U.S. Treasury securities2
2
Other U.S. Govt. securities (agencies and corporations)
. ..
Obligations of States
and political subdivisions2
All other securities2
Cash assets 6
Total assets
Time and savings deposits
Total deposits
Total capital accounts plus total reserves
Equity capital plus total reserves
Number of officers and employees
Number of banks1 . . .
1
Total is for banks operating during the entire year, except
that one bank located outside the continental United States is
excluded.
2
Excluding trading-account securities.
3
Prior to 1969 all transfers to IRS reserve for bad debt
losses on loans were deducted from income; beginning in 1969

Digitized for FRASER


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

1,274,983
263,012

1,053
39

6,358
428

23,510
1,818

69,702
6,150

75,801
10,532

79,634
15,113

263,816
62,054

755,110
166,878

-224,665
-37,391

-74
-24

51
-27

543
343

-1,515
185

-2,287
942

2,837
2,610

-18,678
-84

-205,537
-41,332

5,099,206
28,399
205,013
875,301
1,002,783
20,224
5,184,912
-801,400

705

16,550
109
2,249
6,798
7,233
350
18,122
-5,693

73,179

241,107

9,141
25,621
26,885
974
80,080
-19,144

20,962
63,285
67,805
2,155
255,393
-47,412

270,661
470
17,714
54,944
58,801
2,578
282,410
-41,583

276,055
2,838
16,092
46,035
55,096
2,591
283,343
-39,003

901,614
11,012
41,209
160,872
186,965
3,624
924,119
-145,754

3,319,329
13,970
97,499
517,372
599,603
7,951
3 ,340,615
-502,103

1,008

4,532

6
10

33
491
51
45
4,960

9,443
11
111
1,925
123
523
10,844

15,167
632
150
3,001
677
1,368
16,903

9,592

3
108
19
203
898

145
1,722
406
1,233
9,821

39,674
7
307
7,776
312
6,259
41,193

48,783
8
1
6,749
248
8,995
46,297

222,234
278,658
10,697
6,754
22,027
2,677
33,780
80,859
15,984
35,516

214,328
270,017
5,942
9,235
14,230
3,947
53,045
84,958
16,344
40,784

214,477
257,651
4,171
11,496
10,252
3,823
36,746
86,315
10,038
13,308

534,129
772,806
10,500
24,093
21,121
9,883
117,633
317,584
43,135
61,189

986,395
2,104,078
2,641
90,108
45,100
16,947
148,377
1,431,708
114,063
163,083

128,208
663
750
21,772
1,835
18,632
130,925

148
375
396
2
829
-702
10
5
1

2,275,449
3,824,238
38,352
143,140
119,250
38,856
407,383
1,754,041
208,077
333,653

1,725
5,288
38

21,473
30,692
632

160"
8
408
3,606
87
483

1,584
553
3,061
8,511
1,871
4,666

80,689
105,049
3,732
1,454
4,778
1,019
14,333
28,499
6,554
14,624

254,406,477
42,668,533
7,877,172
53,700,049
2,105,300
81,471,552
466,009,414
181,457,784
385,013,616
39,374,220
37,552,371

119,196
68,962
10,545
10,609
2,123
45,092
261,468
80,820
214,325
41,570
41,546

1,635,136
713,310
170,307
251,546
19,883
474,953
3,317,142
1,515,044
2,941,090
329,070
328,565

5,922,844
2,019,003
522,245
1,287,773
60,723
1,559,634
11,598,376
5,599,383
10,358,929
1,032,775
1,028,818

16,264,947
4,766,417
1,098,370
4,168,291
151,129
4,046,195
31,204,441
15,506,330
27,835,497
2,635,459
2,609,200

16,030,616
3,716,557
1,069,196
4,198,410
147,185
3,981,510
30,009,042
14,592,509
26,520,061
2,506,453
2,456,877

15,443,371
3,502,846
818,616
4,025,717
139,769
3,999,433
28,786,731
13,764,583
25,310,778
2,410,063
2,350,390

47,467,218
8,485,273
1,569,655
11,778,949
421,572
14,889,469
87,570,557
36,177,346
75,101,987
7,428,690
7,166,040

151,523,149
19,396,165
2,618,238
27,978,754
1,162,916
52,475,266
273,261,657
94,221,769
216,730,949
22,990,140
21,570,935

744,897
5,719

1,507
143

7,089
816

22,009
1,400

63,810
1,768

54,857
763

51,379
366

156,537
348

387,709
115

within prescribed limits, banks have been permitted to deduct


all or part of the transfers to this reserve from income and to
treat the balance, if any, as a transfer from capital accounts.
(These transfers are exempt from Federal income taxes,)
* Includes reserve for bad debt losses and other reserves on
loans.

s Sum of the expense item "provision for loan losses" for


banks not on a reserve-accounting method and the excess of
losses charged against reserves for losses on loans over recoveries credited to these reserves for banks on a reserveaccounting method.
6 Including trading-account securities.
NOTE.Details may not add to totals because of rounding.

6.8 MEMBER BANK OPERATING RATIOS BY SIZE OF BANK AND BY RATIO OF TIME TO TOTAL DEPOSITS, 1970
(Averages of individual ratios expressed as percentages)

All
groups

Item

Summary ratios:
Percentage of equity capital plus all reserves:
Income after taxes and before securities gains flosses)1
Net income
Percentage of net income:
Cash dividends paid

10.83
10.99

Sources and disposition of income:


Percentage of total assets:
Total operating expenses
Salaries, wages and fringe benefits
.
. . . .
Interest on time and savings deposits
Occupancy expense of bank premises (net)
. . .
All other operating expenses
,
Total operating income
Income after taxes and before securities gains (losses)1
Net income

Percentage of total operating income: 2


Interest, fees, and other loan income
Securities Interest and dividends:3
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
,
All other securities
.
(Service charges on deposit accounts*)
(Trust department income*)
.
.. .
..
< .
At! other operating income
Total operating income
Salaries and wages
Officer and employee benefits
Interest on-Time and savings deposits
Borrowed money
(Capita! notes and debentures*) .
Occupancy expense of bank premises (net)
Provision for loan josses.
All other operating expenses

.
....,..,..

Total operating expenses1

..
....
.

Size group Total deposits


(in thousands of dollars)
5,000
and
under

9.50
9.71 j

5,000
10,000

Ratio of time deposits to


total deposits (per cent)

10,000- 25,000- 50,000- 100,000- Over


25,000 50,000 100,000 500,000 500,000

Under
40

40=49

50-59

60 and
over

10.64
10.86

11.29
11.41

11.57
11.68

11.34
11.69

11.27
11.16

11.49
11.19

11.01
11.16

11.11
11.32

11.16
11.29

10.25
10.38

28.57

24.60

25.79

28.21

31.33

33.48

38.68

45.91

32.60

28.60

26.91

28.20

4.97
1.44
2.15
.20
1.18
6.29
.94
.95

4.88
1.63
1.90
.18
1.17
6.22
.95
.97

4.97
1.45
2.18
.19
1. 15
6.30
.94
.96

4.97
1.34
2.29
.20
1.14
6.28
.93
.94

5.04
1.39
2.25
.22
1.18
6.36
.94
.95

5.07
1.40
2.24
.23
1.20
6.34
.92
.94

5.02
1.47
1.97
.24
1.34
6.37
.94
.93

4.97
1.41
1.71
.22
1.63
6.35
.92
.90

4.43
1.73
1.13
.23
1.34
6.08
1.11
1.12

4.94
1.55
1.87
.22
1.30
6.33
.97
.99

5.11
1.45
2.27
.21
1.18
6.41
.94
.95

5.12
1.23
2.73
.17
.99
6.26
.83
.84

64.80

61.45

63.99

65.31

66.34

67.14

68.61

71.40

62.61

64.68

64.78

65.96

14.96
4.03
7.71
.41
(4.39)
(2,07)
8.09

21.33
5.47
4.50
.50
(4.09)
(1,47)
6.75

16.32
4.60
7.39
.39
(4.59)
(1.09)
7.31

13.89
3.77
8.83
.39
(4.67)
(1.12)
7.81

11.32
3.47
9.39
.40
(4.59)
(1.98)
9.08

10.82
2.87
9.11
.39
(3.99)
(2.42)
9.67

8.83
1.71
8.71
.39
(J. 59)
(3.56)
11.75

6.50
.75
7.58
.35
(2.69)
(4.80)
13.42

15.94
3.48
7.50
.34
(5.08)
(3.54)
10.13

14,51
3.59
7.55
.34
(5.21)
(2.18)
9.33

14.64
4.01
7.99
.35
(4.63)
(1.86)
8.23

15.08
4.62
7.67
.56
(3. 26)
(1.31)
6.11

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

20.38
2.54

24.22
2.18

20.47
2.45

18.89
2.51

19.08
2.81

19.07
2.83

19.82
3.15

18.82
3.29

25.52
3.00

21.73
2.64

20.02
2.51

17.30
2.28

34.56
.67
(1.15)
3.30
2.29
15.08

30.80
.12
(1.68)
3.02
2.62
15.25

35.10
.19
(1.22)
3.11
2.61
14.72

36.83
.33
(1.15)
3.33
2.17
15.00

35.88
.58
C/.M)
3.59
1.87
15.44

35.67
1.32
(1.15}
3.74
1.82
15.29

31.06
3.39
(1.08}
3.77
1.94
15.60

27.04
8.48
(.99)
3.50
1.75
15.14

18.77
1.56
(1.21}
3.89
2.69
17.09

29.97
.85
(1.13)
3.63
2.66
16.36

35.91
.50
(1.16)
3.29
2.30
15.06

44.05
.30
(1.13)
2.80
1.84
13.24

78.82

78.21

78.65

79.06

79.25

79.74

78.73

78.02

72.52

77.84

79.59

81.81

Income before taxes and securities gains (losses)


Income after taxes and before securities gains (losses)
Net securities gains or losses (=), after taxes
All other income (net)

21.18
15.38
.05

21.79
16.02
.04
-.07

21.35
15.48
.08
.02

20.94
15.21
.04

20.75
15.18
-.02
.05

20.26
14.81

21.27
15.01
".13
.03

21.98
14.82
-.34
-.05

27.48
18.89
.04

22.16
15.91
.04
.02

20.41
15.06
.07
-.03

18,19
13.64
.01
,02

Net income1

15.43

15.99

15.58

15.25

15.21

15.15

14.91

14.43

18.93

15.97

15.10

13.67

Digitized for FRASER


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

:!?

8s
w

Rates of return (per cent) on


SecuritiesInterest and dividends :3
U S Treasury securities
Other U.S. Govt securities (agencies and corporations). . .
Obligations of States and political subdivisions
All other securities
Loans:"*
Interest, fees, and other loan income
Net loan losses ( ) or recoveries3

5 66
4 83
4.11
5 82

5 80
4.23
4.08
5.66

5.72
4.64
4.10
5.68

5.59
4,90
4.12
5.81

5.63
5.10
4.16
6.09

5.54
5.35
4.06
5.99

5.49
6.11
4.10
6.11

5.56
5.10
4.24
6.02

5.76
4.41
4.08
5.66

5.68
4.97
4.11
5.75

5.66
4.82
4.12
5.85

5.59
4.96
4.10
5.92

8 34
- 25

8.42
-.16

8.41
-.26

8.35
-.28

8.21
-.25

8.20
-.25

8.32
-.33

8.02
-.35

8.74
-.28

8.62
-.32

8.41
-.28

7.90
-.17

Ratios on selected types of assets:


Percentage of3 total assets:
Securities:
U S Treasury securities .
Other U.S. Govt. securities (agencies and corporations)
Obligations of States and political subdivisions
All other securities
Gross loans 2
Cash assets
..
Real estate assets
. . . .

16 02
3 75
11 49
46
52 27
13 69
1 63

22 01
5.01
6.62
.53
49.23
14 95
1.29

17.34
4.34
10.83
.45
51.91
13.15
1.58

15 13
3.50
13.23
.45
52.69
12 70
1.73

12 53
3.21
13.98
.44
53.96
13. 11
1.81

12.07
2.69
13.92
.44
54.12
13.74
1.88

10.01
1.68
13.34
.39
54.49
16.76
1.82

7.40
.79
11.15
.37
56.83
18.48
1.66

16.08
3.06
10.63
.38
47.88
19.47
1.65

15.41
3.43
11.34
.35
51.11
15.82
1.78

15.98
3.77
12.10
.40
52.43
12.92
1.71

16.46
4.28
11.42
.62
55.05
10.17
1.45

19 59
14 00
28 30
27.56
10 55

13.17
28 34
23.75
24.00
10.74

16.45
19.22
27.10
26.68
10.55

19. 15
10 22
30 96
29.77
9 90

23 . 70
4 36
31.94
30.68
9 32

27.94
2 28
31.57
28.36
9.85

31.57
1.80
26.06
26.75
13.82

41.76
.93
19.35
18.63
19.33

24.81
17.92
15.23
27.50
14.54

23.62
15.09
21.20
28.36
11.73

19.47
14.74
27.70
28.44
9.65

14.41
10.65
40.07
26.21
8.66

Other ratios (per cent):


Interest and fees on loans to loans
Interest on time and savings deposits to time and savings deposits6
Income taxes to net income plus income taxes
Time and savings deposits to total deposits
Total capital accounts and reserves to total assets7

7 81
4.60
22 50
52.74
9 02

7.81
4.42
22.98
48.18
10.43

7.79
4.55
22.32
53.64
9.03

7.79
4.62
22 38
55.55
8 54

7.78
4.69
21.08
54.53
8.51

7.83
4.76
22.31
53.73
8.47

7.99
4.81
24.36
47.79
8.72

8.01
5.13
26.46
41.67
8.66

8.00
4.50
27.68
28.68
10.46

8.03
4.66
23.33
45.47
9.11

7.93
4.64
22.39
55.13
8.80

7.46
4.57
19.54
67.08
8.47

Number of banks 4

5,678

1,066

1,423

1,693

724

340

326

106

876

1,257

1,725

1,820

Percentage of gross loans:2.


Commercial and industrial loans. . .
. .
Loans to farmers
Real estate loans
..
Loans to individuals
for personal expenditures
All other loans2

For notes see Table 6.10.

Digitized for FRASER


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

o
w

6.9 MEMBER BANK OPERATING RATIOS BY RATIO OF TIME TO TOTAL DEPOSITS, BY SIZE OF BANK, 1970

(Averages of individual ratios expressed as percentages)


Banks with ratios of time to total deposits of
Less than
40 per cent

All
groups

Item

i
|j
i

50-59
per cent

60 per cent
and over

Size group total deposits (in thousands of dollars)


5,000
and
under

Summary ratios:
Percentage of equity capital plus all reserves:
Income after taxes and before securities gains (losses)1
N e t income . . . .
. . .
Percentage of net income:
Cash dividends paid
.
...
....

40-49
per cent

5,00025,000

Over
25,000

5,000
and
under

5,00025,000

Over
25,000

5,000
and
under

5,00025,000

Over
25,000

5,000
and
under

5,00025,000

Over
25,000

10.83
10.99

10.20
10.36

11.25
11.50

11.47
11,49

9.52
9.72

11.60
11.86

11.23
11.34

9.85
10.17

11.30
11.43

11.69
11.70

8.51
8.64

10.29
10.40

11.34
11.54

28.57

31.97

29.62

37.50

24.87

26.31

35.07

20.37

25.67

33.62

22.12

28.01

32.97

4.97
1.44
2.15
.20
1.18
6.29
.94
.95

4.22
2.01
.81
.20
1.20
5.92
1.20
1.22

4.42
1.68
1.22
.24
1.28
6.08
1.09
1.12

4.64
1.52
1.33
.24
1.55
6.23
1.03
1.03

4.90
1.64
1.82
.20
1.24
6.20
.92
.95

4.93
1.55
1.87
.23
1.28
6.36
1.00
1.02

4.97
1.48
1.88
.24
1.37
6.35
.95
.96

5.12
1.58
2.19
.18
1.17
6.42
.94
.96

5.09
1.41
2.28
.20
1.20
6.40
.94
.95

5.14
1.44
2.28
.23
1.19
6.43
.94
.94

5.20
1.35
2.66
.15
1.04
6.29
.77
.78

5.07
1.19
2.75
.16
.97
6.22
.84
.85

5.22
1.25
2.75
.20
1.02
6.35
.85
.87

64.80

57.66

62.59

67.61

60.90

64.23

67.84

62.74

64.45

66.77

63.96

65.91

67.50

14.96
4.03
7.71
.41
(.4,39)
(2.07)
8.09

23.23
5.32
5.48
.44
(5.03)
(3.72)
7.87

15.75
3.50
8.44
.27
(6.09)
(1.68)
9.45

8.86
1.58
8.18
.34
(3. 74)
(4.43)
13.43

22.33
5.10
4.12
.48
(4.56)
(1.12)
7.07

14.21
3.92
18.16
.31
(5.81)
(U6)
9.17

10.19
2.06
8.60
.31
(4.49)
(2.85)
11.00

20.32
5.02
4.66
.45
(3.99)
(.91)
6.81

14.80
4.30
8.27
.31
(4.91)
(.97)
7.87

10.74
2.76
9.49
.36
(4.47) [
(2.47)
9.88

19.86
6.37 !
3.78
.63
(2.97)
(.84)
5.40

15.40
4.36
8.01
.55
(3.21)
(.99)
5.77

10.88
4.10
9.48
.53
(3,56)
(1.63)
7.51

100.00

100.00

100,00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

20.38
2.54

31.50
2.64

24.59
3.03

20.83
3.30

24.37
2.09

21.62
2.60

20.29
3.05

22.41
2.08

19.59
2.42

19.41
2.98

19.45
1.94

16.82
2.29

17.08
2.51

34.56
.67
(f.15)
3.30
2.29
15.08

13.69
.10

21.78
4.86

a.3.9822)

2.29
17.29

29.87
.08
(3.54)
3.24
3.06
16.21

29.97
.32

2.66
16.90

20.25
.28
(.72)
4.10
2.98
17.09

34.85
30.04
.18
2.28
(7. 05) !(.91)
2.92
3.87
2.49
2.32
14.76
16.40

36.25
.29
(/. 27)
3.20
2.52
15.11

35.87
1.14
(1.11)
3.70
1.70
15.16

42.69

a.
57)
3.52

(1.37)
2.49
2.38
13.48

44.59
.21
(1.13)
2.73
1.85
13.04

43.52
.65
(1.12)
3.23
1.40
13.66

78.82

71.01

72.32

74.33

78.92

77.25

78.25

79.69

79.38

79.96

82.55

81.53

82.05

Income before taxes and securities gains (losses)


Income after taxes and before securities gains (losses)
Net securities gains or losses (- -), after taxes . . . . . . . . .
All other income (net)

21.18
15.38
.05

28.99
21.19
-.12
-.07

27.68
18.72
.13
.07

25.67
16.81
^.OB i
.13

21.08
15.55
.07

22.75
16.34
,07
.05

21.75
15.36
-.06
.05

20.31
15.10
.20
-.05

20.62
15.11
.06
-.03

20.04
14.93
-.01

17.95
13.76
,03
.12

Net income5

15.43

21.00

18.92

16.86 ;

15.51

16.46

15.35

15.25

15.14

14.92

17.45
18.47
13.83
12.72
-.01
~,G2
- 06
)
12.65 j 13.85
1

Sources and disposition of income:


Percentage of total assets:
Total operating expenses
Salaries, wages, and fringe benefits
Interest on time and savings deposits
Occupancy expense of bank premises (net) . . .
All other operating expenses
Total operating income
Income after taxes and before securities gains (tosses)1
Net income
Percentage of total operating income: 2
Interest fees and other loan income
SecuritiesInterest and dividends:3
U.S. Treasury securities
Other U.S. Govt securities (agencies and corporations)
Obligations of States and political subdivisions
All other securities
[Service charges on deposit accounts^)
{Trust department income^)
..
All other operating income.
, , ...
Total operating income
Salaries and wages
. . ..
Officer and employee benefits
....
Interest on-
Time and savings deposits. .
.
...
Borrowed money.
{Capital notes and debenture?*)
....
Occupancy expense of bank premises (net)
Provision for loan losses
..
....
All other operating expenses.

. . .

. .
. .

Total operating expenses*

Digitized for FRASER


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

3:#
2.70
16.41

-12

13.91

Rates of return (per cent) on


SecuritiesInterest and dividends ;3
U.S. Treasury securities
Other U S Govt securities (agencies and corporations)
Obligations of States and political subdivisions
Loans:2
Interest fees, and other loan income
Net loan losses ( ) or recoveries5
Ratios on selected types of assets:
Percentage of3 total assets:
Securities:
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations) . . . .
Obligations of States and political subdivisions
AH other securities
Gross loans2
Cash assets
Real estate assets
Percentage of gross loans:2
Commercial and industrial loans
Loans to farmers
Real estate loans
Loans to individuals
for personal expenditures
All other loans2

5.66
4 83
4.11
5.82

5.99
4 20
3.89
6.07

5
4
4
5

8.34
- 25

8.72
- 09

8 90
35

8 52
- 36

16.02
3.75
11.49
46
52.27
13 69
1 63

22.43
4.46
7.65
41
43.45
20 08
1 15

16 07
3.20
11.98
37
47 90
18 19
1 86

19.59
14.00
28.30
27.56
10 55

15.55
33.70
13.02
24.50
13.23

22 76
17.78
15 90
30 17
13 39

72
52
16
14

70
74
09
64

5.55
5 92
4 10
6.12

5 73
4 54
4 11
5.47

5.69
4 73
4 13
5.96

5.57
5 18
4 09
5.85

5
4
4
5

71
04
12
64

5 56
4 93
4 08
5.84

5
5
4
6

8 59
23

8 74
32

8 42
35

8 52
- 26

8 49
- 30

8 18
- 25

7 92
- 07

7 90
- 19

7 89
18

9 68
1.45
11.72
37
52 32
20 70
1 87

22 81
4.76
6.23
43
47 78
16 27
1 35

15.14
3.74
12.16
34
50 85
15 39
I 80

11.28
2.03
13.03
33
53 65
16 31
2 01

21.82
4.64
7.18
52
50 61
13 46
1 36

16.08
4.07
12.42
36
52 13
12 66
1 72

12.10
2.62
14.56
41
54 20
13 11
1 89

21 18
6.08
5.42
74
54 11
10 85
1 32

16.81
4.02
11.91
61
54 84
9 92
1*45

12.19
3.74
14.29
56
56 27
10 37
1 55

37
2
16
26
17

14 40
31.11
19 55
23 64
11 30

21
16
20
30
11

33
3
22
28
12

13 15
30.99
22 62
23.98
9 26

18 54
15.09
27 38
28.97
10 02

25 39
3.77
31 58
30.17
9 09

10 11
18.67
37 79
23 87
9 56

13 67
11.54
40 02
26 19
8 58

19.44
2.60
41 80
27.89
8 27

5
4
4
5

60
46
17
98

05
20
49
72
54

5
4
4
5

81
11
18
48

5
4
4
5

50
02
89
14
45

25
40
80
07
48

59
68
17
31

Other ratios (per cent):


Interest and fees on loans to loans
Interest on6time and savings deposits to time and savings
deposits
.
Income taxes to net income plus income taxes
Time and savings deposits to total deposits
Total capital accounts and reserves to total assets7

7.81

7.93

8 00

8 08

7 95

8 05

8 02

7 97

7 93

7 88

7 40

7 45

7.55

4.60
22.50
52.74
9.02

4.18
23.69
21.70
12.28

4 43
28 34
30 97
9.94

4 89
30 78
32 44
9.37

4 51
21.93
45 48
10.21

4 63
23.21
45 61
8.90

4 83
24.41
45 23
8.79

4 51
23.31
54 91
9.90

4 65
22.92
55 21
8.65

4 73
20.70
55 11
8.44

4 45
22.85
67 09
9.48

4 56
19.41
67 30
8.38

4.67
17.56
66 49
7.98

Number of banks3

5,678

257

364

255

228

664

365

293

968

464

288

1 120

412

For notes see Table 6.10.

Digitized for FRASER


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

6.10 MEMBER BANK OPERATING RATIOS BY FEDERAL RESERVE DISTRICT, 1970


(Averages of individual ratios expressed as percentages)
Federal Reserve district
AH
districts

Item

Summary ratios:
Percentage of equity capital plus all reserves:
Income after taxes and before securities gains (losses) *
Net income . . . .
Percentage of net income:
Cash dividends paid . .
Sources and disposition of income:
Percentage of total assets:
Total operating expenses
Salaries, wages, and fringe benefits
Interest on time and savings deposits
Occupancy expense of bank premises (net) .
All other operating expenses
Total operating income
Income after taxes and before securities gains (losses) l
Net income

to

. . ..

Percentage of total operating income: 2


Interest, fees, and other loan income
SecuritiesInterest and dividends:3
U.S. Treasury securities. .
Other U.S. Govt. securities (agencies and corporations) . . . .
Obligations of States and political subdivisions
All other securities
(Service charges on deposit accounts4)
. .
(Trust department income*)
All other operating income
Total operating income
Salaries and wages
...
Officer and employee benefits
Interest on
Time and savings deposits
Borrowed money. ...
(Capital notes and debentures*)
Occupancy expense of bank premises (net) .
Provision for 'oan losses
All other operating expenses. . . . .
Total operating expenses1
Income before taxes and securities gains (tosses)
Income after taxes and before securities gains (losses)
Net securities gains or losses ( ), after taxes.
All other income (net)
Net income

Digitized for FRASER


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

......

Boston

New
York

Philadelphia

Cleveland

Richmond

HH

Atlanta Chicago

St.
Louis

Minneapolis

Kansas
City

Dallas

SanFranciso

10.83
10.99

10.63
10.60

10.43
10.43

9.84
9.80

10.59
10.70

11.07
10.96

11.58
11.93

10.72
10.97

11.04
11.27

10.47
10.68

11.38
11.52

10.92
11.05

9.75
10.14

28.57

38.47

32.28

32.72

30.96

31.86

25.40

27.47

26.71

28.39

25.74

27.07

26.42

4.97
1.44
2.15
.20
1.18
6.29
.94
.95

5.15
1.86
1.56
.29
1.44
6.62
1.00
1.00

5.06
1.50
2.22
.23
1.11
6.31
.91
.90

4.71
1.15
2.46
.16
.94
5.95
.89
.89

4.70
1.18
2.27
.17
1.08
5.97
.96
.97

4.86
1.38
2.18
.19
1.11
6.29
.98
.97

5.20
1.51
2.08
.22
1.39
6.55
.97
1.00

4.92
1.34
2.37
.19
1.02
6.15
.87
.89

4.52
1.28
2.02
.18
1.04
5.90
.98
1.00

5.14
1.38
2.57
.17
1.02
6.30
.82
.84

5.00
1.59
1.97
.19
1.25
6.46
1.02
1.03

5.03
1.59
1.78
.24
1.42
6.41
.98
.99

6.10
1.91
2.29
.33
1.57
7.29
.82
.86

64.80

69.27

67.22

68.90

65.20

66.58

62.60

62.98

61.33

62.41

65.04

66.46

67.15

14.96
4.03
7.71
.41
(4.39)
(2.07)
8.09

10.14
1.57
7.61
.52
(5.95)
(3.21)
10.89

11.57
2.70
9.49
.66
(4.48)
(2.56)
8.36

13.51
3.48
7.58
1.04
(2.62) !
(2.07) \
5.49

17.19
2.48
8.75
.40
(3.09)
(2.23)
5.98

14.23
4.48
7.41
.27
(3.25)

13.01
4.78
9.03
.26
(5.73)
(2.18)
10.32

17.22
4.07
7.72
.60
(3.5S)
(1.91)
7.41

19.30
5.32
7.58
.38 i
(3.12) j
(1.71)
6.09

15.88
6.26
7.12
.26
(4.20) i
(1.97) !
8.07

16.02
3.22
6.69
.24
(5.26)
(1.68)
8.79

12.04
4.62
7.56
.26
(5.56)
(1.71)
9.06

10.91
3.71
5.59
.29
(7,04)
(2.30)
12.35

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

20.38
2.54

24.46
3.61

20.78
3.00

17.07
2.41

17.51
2.34

19.55
2.44

20.58
2.56

19.31
2.54

19.45
2.34

19.25
2.63

22.30
2.49

22.72
2.24

23.28
2.78

34.56
.67
(1.15)
3.30
2.29
15.08

23.79
1.10
(1.07)
4.53
1.90
18.26

35,35
1.17
(1.07)
3.81
1.95
14.02

41.56
.31
( .92)
2.90
1.17
13.95

38.30
.41
(1.25)
2.91
1.95
15.22

35.02
.48

32.20
.82
U.ll) i
3.44
2.64
17.02

38.64
.58
(1.24)
3.25
1.75
13.84

34.25
.54
(1. 21)
3.16
2.20
14.48 1

41.20
.60
(7. 07)
2.79
1.43
13.61

30.75
.67
(1.48)
2.98
2.79
15.15

27.91
.74
(US)
3.76
4.09
16.72

32.00
1.43

78.82

77.65

80.08

79.37

78.64

77.12

79.26

79.91

76.42

81.51 i

77.13

78.18

83.18

21.18
15.38
.05

22.35
15.44
-.07
- 10

19.92
J4.81 !
= .21

20.63 1
15.30
-.30
.03 ,

21.36
16.27
.14
.06

22.88
16.09 !
j
i^
= . 13

20.74
15.28
.15
.03 1

20.09
14.67
.19
-.01

23.58 i
16.93 i
.26 i

18.49
13.43
=.01
.07

22.87
16.21
.07
.03

21.82
16.05
-.19
=-.01

16.82
11.69
.25
,3

14.60

15.03

16.47

15.83

15.46 !

14.85

17.20

13.49

16.31

15.85

12.07

15.43

15.27

l
2^00 i
14.52

.01

4^44
2.75
16.50

^
/-N
^
^

Digitized for FRASER


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

6.11 INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70Continued


(Income and expense items in thousands of dollars; asset and liability items in millions of dollars)
Item
Operating income Total
Loans:
Interest and fees
Federal funds and securities purchased with resale
agreement
Securities Interest and dividends :l
U S. Treasury securities
Other U.S. Govt. securities (agencies and corporations.)
Obligations of States and political subdivisions
All other securities
Trust department income
Service charges on deposit accounts
Other charges, fees, etc
. .
Other operating income:
On trading account (net)
. .
Other

1969

1970

Item

1969

1970

30,689,848

34,565,598

20,641,036

22,852,957

810,021

1,003,667

Memoranda items (cont.):


Occupancy expense of bank premises (gross)
Rental income from bank premises
Net security gains or loses ( ) before income axes
Extraordinary charges ( ) or credits before income taxes.

1,324,578
256,788
-512,612
3,723

1,546,262
298,498
-225,588
-36,284

4,987,910
19,731
205,825
1,242,153
680,079
-10,772
5,786,312
-491,765

5, 965, 224
31,108
254,686
1,107,772
1,224,445
32,671
6,101,673
-978,051

220,402
1,489
1,989
52,477
12,441
80,848
183,069

179,232
680
1,258
29,436
2,875
25,042
182,688

3,031,655
4,318,266
156,972
241,183
286,945
125,530
752,899
1,765,568
471,801
612,770

3,220,477
4,816,939
127,189
199,461
259,205
57,713
513,980
2,035,751
275,563
442,695

280,801
56,620
9,513
57,915
2,305
86,485
513,187
200,246
430,251
43,752
41,737

300,536
54,069
10,402
61,929
2,402
88,894
542,255
211,074
448,135
47,239
45,203

899,177
13,464

947,155
13,502

2,835,503

3,067,375

548,168
2,211,730
133,627
1,021,728
1,116,101
689,658

685,246
2,615,705
150,904
1,132,077
1,172,845
838,561

137,569
544,708

347,802
698,460

Operating expenses Total


23,976,786
5,852,770
Salaries and wages of officers and employees
898,195
Officer and employee benefits
Interest paid on
8,929,605
Time and savings deposits
. .
Federal funds purchased and securities sold with repurchase agreement
.
...
1,203,321
Other borrowed money
575,586
100,069
Capital notes and debentures
1,067,790
Occupancy expense of bank premises (net)
769,345
Furniture equipment, etc
Provision for loan losses
518,468
4,061,637
Other operating expenses
. . . .

27,458,142
6,625,658
1,054,511

Income before income taxes and securities gains or losses . . . .


Applicable income taxes
Net securities gains or losses ( ) after taxes.
Extraordinary charges ( ) or credits after taxes
Less minority interest in consolidated subsidiaries

6,713,061
2,163,417
4,549,645
-237,890
6,745
234

Net income

4,318,266

Cash dividends declared on


Common stock
.
Preferred stock

1,758,537
7,031

Memoranda items:
Income taxes applicable to current year's operating income .
Tax effect of

2,163,417

Transfers Capital accounts to IRS loan loss reserves2 .


Total provision for income taxes for year
. . . .
Federal
State and local
.
...
Notes
to data for 1969 and 1970:
1
Excluding trading-account securities.
2
Prior to 1969 transfers to IRS reserve for bad debt
losses on loans were deducted from operating income;
beginning in 1969, within prescribed limits, banks have
been permitted to deduct all or part of the transfers to
this reserve from income and to treat the balance, if
any, as a transfer from capital accounts. (These transfers3 are exempt from Federal income taxes.)
Includes reserve for bad debt losses and other reserves on loans.

-277,744
363,569
1, 522, 103
1,304,367
217,736

10,388,369
1,395,871
463,223
104,085
1,247,764
904,756
694,932
4,578,974

Reserves for losses


on loans:
Balance at b"ainning of year
Additions due to mergers and absorptions
Recoveries credited to reserves
Transfers to reserves
. . .
Losses charged to reserves
Transfers from reserves
BaJance at end of year
Net loan losses ( ) or recoveries*
Reserves on securities:
Balance at beginning of year
Additions due to mergers and absorptions
Recoveries credited to reserves
Transfers to reserves
Losses charged to reserves
Transfers from reserves
Balance at end of year
Total net changes in capital accounts.
Net income transferred to undivided profits
Common stock sold (net)
. .
Preferred stock, capital notes, and debentures sold
Premium received on new capital stock sold
Transfers from loan and securities reserves
Other increases
Dividends declared
Transfers to loan and securities reserve (net of tax effect) .
Other decreases
.
....

7,107,456
2,172,085
4,935,372
-105,023 Assets, deposits, and capital accounts:
-13,164
Loans gross (includes Federal funds sold and resale
244
purchases) .
....
U.S. Treasury securities1
1
4,816,939
Other U.S. Govt. securities (agencies and corporations)
.
Obligations of States
and political subdivisions1
1
A1J other securities
5
2,029,012
Cash assets 6 .
. . . .
6,739
Total assets
Time and savings deposits
Total deposits
.
2,172,085
Total capital accounts plus total 5reserves5
Equity capital plus total reserves .
-143,684
-167,062 Number of officers and employees
1,861,338 Number of banks7
1,617,589
243,750

4
Sum of the expense item "provision for loan
losses" for banks not on a reserve-accounting method
and the excess of losses charged against reserve for
losses on loans over recoveries credited to these reserves
for banks on a reserve-accounting method.
3
Cash assets comprise cash, balances with other
banks (includng reserve balances), and cash items in
process of collection. Equity capital and reserves include common and preferred stock, surplus, undivided
profits plus reserves for contingencies, other capital
reserves and reserves on loans and securities. Total

capital accounts include equity capital and capital


notes
and debentures.
6
Including trading-account securities.
7
Figures exclude one member bank located outside
the continental United States. In 1969, also excludes
one trust company without deposits.
NOTE.Data for assets and liabilities are averages
for various dates as described in the text. Figures may
not add to totals because of rounding. Data for numbers of officers, employees, and banks are for end of
year.

I
w

Rates of return (per cent) on


Securitiesinterest and dividends :3
U.S. Treasury securities
Other U.S. Govt. securities (agencies and corporations)
Obligations of States
and political subdivisions
All other
securitiec
Loans:2
Interest fees and other loan income
Net loan losses ( ) or recoveries3
.

5.66
4.83
4 11
5 82

5.67
3.86
4 51
6 48

8 34
- 25

8 65
- 19

Ratios on selected types of assets :


Percentage of3 total assets:
Securities:
U.S Treasury securities
Other U.S. Govt. securities (agencies and corporations) . . . .
Obligations of States and political subdivisions
All other 2securities
Gross loans
.
...
Cash assets ......
Real estate assets

16 02
3.75
11 49
46
52 27
13 69
1 63
19
14
28
27
10

5.39
4.67
3.80
6 25

5.62
4.38
4.19
5.98

5.75
4.71
3.84
5.94

5.86
5.31
4.32
6 10

5.62
4.35
3.97
5.78

5.75
5.22
4.05
5.12

5.49
5.51
4.27
5.79

5.77
4.63
4.10
6.00

5.66
5.17
4.09
4.91

5.75
5.58
4.12
6 25

8 06
- 27

7 71
11

7.78
-.16

8.06
-.22

9 06
-.37

7 98
-.23

8.06
-.29

7.79
-.18

8.68
-.25

9.29
-.36

9 09
-.40

11 37
1.57
11 05
.62
57 71
15.12
1 91

13.08
2.56
13 85
.65
55 66
11.77
1 47

14.65
3.14
11 37
1.17
57 72
10.09
1.43

17.80
2.14
12.47
.43
53 69
11.51
1.50

15.08
4.18
11.42
.33
53.94
12.62
1.81

14.02
4.62
13.38
.28
49.57
15.07
2.24

18.13
3.81
11.33
.66
51.41
12.46
1. 47

19.39
4.77
11.04
.39
47.90
14.45
1.52

17.91
5.82
10.68
.25
51.98
11.37
1.37

17.34
2.99
10.26
.25
51.69
15.47
1.38

12.92
4.24
11.52
.36
50.31
18.04
1.88

12.95
4.02
9.12
.34
56.37
13.40
2.37

59
00
30
56
55

27.01
1 48
27 62
32 82
11 07

20.29
3 36
36.17
27 89
12.29

15.15
3 91
43.69
25 34
11.91

14.05
6.01
37.78
32.20
9.96

16.32
3.85
33.62
34.60
11.61

24.85
3.65
23.38
34 09
14.03

17.04
14.83
34.19
24.38
9.56

17.52
14.25
31.39
27.04
9.80

17.01
24.46
31.54
21.56
5.43

18.63
33.14
15.54
22.83
9.86

27.29
17.29
13.66
29.33
12.43

26.33
7.81
26.41
28.55
10.90

Other ratios (per cent):


Interest and fees on loans to loans
Interest on time and savings deposits to time and savings deposits6
Income taxes to net income plus income taxes
Time and savings deposits to total deposits . . .
Total capital accounts and reserves to total assets7

7 81
4.60
22 50
52 74
9 02

8 04
4.43
26 73
41 01
9 71

7 59
4.51
16 12 '
56.79
9 40

7 11
4.33
21 72
64.23
9 56

7 22
4.26
19 90
60.12
9 24

7.82
4.52
24.05
54.45
9.12

8 25
4.78
21 57
49.41
8 77

7 48
4.60
22.80
57.26
8 51

7.58
4.62
24.35
48.51
9.09

7.56
4.76
22.27
60.66
8.18

8.13
4.67
25.55
47.29
9.33

8.52
4.74
20.66
42.04
9.29

8.68
4.86
24.35
54.47
8.82

Number of banks8

5 678

230

319

467

354

515

929

457

485

800

625

155

Percentage of gross loans:2


Commercial and industrial loans
Loans to farmers
Real estate loans.
Loans to individuals
for personal expenditures
AH other loans2 ...

1
Excludes minority interest in operating income, if any.
2
Loans include Federal funds sold and securities purchased
under
agreements to resell.
3
Excluding trading-account securities.
4
Averages exclude banks not reporting these items, or reporting negligible amounts.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

5.45
5.06
4.21 !
6 29

342

3
Sum of the expense item "provision for loan losses1' for
banks not on a reserve-accounting method and the excess of
losses charged against reserves for losses on loans over recoveries credited to these reserves for banks on a reserveaccounting
method.
6
Banks reporting no interest paid on time deposits were
excluded in computing this average.

Includes capital notes and debentures and all valuation


reserves.
8
The ratios for 89 member banks in operation at the end
of 1970 were excluded from the compilations because of unavailability of data covering the complete year's operations,
certain accounting adjustments, lack of comparability, and
so forth.

i
tn

BANK INCOME
6.11 INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70
(Amounts in thousands of dollars)
Item

1941

Rev en u 6
..
.
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges fees etc
Trust department
Other current revenue

1,729,901

Losses, charge-off s, and transfers to


reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
*
On loans:
Losses and charge-offs .
Transfers to reserves
All other

1945

1946

1947

1948

1949

2,482,278

2,862,875

3,097,670

3,403,586

3,606,879

1,090,253 /\ 1,132,977
167,198
680,708
707,738
17,320
18,860
107,375
109,789
78,485
90,617
112,486
120,317
128,278
134,782

1,218,517
176,620
936,554
14,564
124,696
97,995
140,340
153,589

1,079,535
179,408
1,263,788
18,386
147,761
97,264
144,734
166,794

1,008,138
189,559
1,577,633
22,315
173,791
97,456
156,678
178,016

1,013,515
201,691
1,733,690
26,090
194,013
95,420
160,430
182,030

2,214,905

233,196
1,215,766
211,311
302,627

1,222,157
219,388
333,171

1,256,025
225,142
356,958

1,356,680
240,354
386,346

1,522,778
266,018
424,881

1,762,634
309,220
521,709

1,981,787
344,845
602,266

2,163,514
381,756
662,696

2,283,727
410,685
700,065

13,151
190,256
374

11,541
174,674
336

11,775
163,900
502

12,907
186,773
1,112

14,610
233,321
2,448

16,936
268,624
2,364

18,954
298,274
2,656

20,859
316,570
3,432

22,608
328,010
3,582

498,047

483,047

497,748

529,188

581,500

643,781

714,792

778,201

818,776

514,135

568,535

703,456

858,225

959,500

1,100,241

1,115,883

1,240,072

1,323,153

324,453

266,439

213,187

139,698

222,775

353,015

361,726

509,329

408,608

262,042

145,189
| 73,589

66,457
55,947

103,143
91,891

129,834
92,778

266,764
122,364

208,700
59,515

100,189
45,360 /\

60,025
29,221
24,161

73,196
16,412
26,672

68,546
31,825

85,664
72,317

84,224
54,890

67,014
53,187

74,499
65,894

67,687 /\
48,806

39,748
48,934
64,350

23,142
28,220
45,546

271,118

290,645

265,881

264,122

283,175

294,286

485,753

379,824

78,590
40,941

38,671
33,044

32,393
278,666
55,163

29,064
221,167
57,878

70,947
34,728
333,966

161,073

| 103,868
69,025
504,622

Net income before related taxes


Taxes on net income
Federal
State

1,959,481

1944

861,412
692,305
13,513
95,332
67,533
104,710
124,676

Net current earnings before income taxes . .


Recoveries, transfers from reserves,
and profits
On securities:
Profits
Recoveries
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other

1,790,692

1943

610,298
804,717
12,084
84,309
55,148
100,652
123,484

| 509,175
847,832

Expenses
Salaries^ officers
Salaries and wages others
Officer and employee benefits
Directors' fees etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

1942

50,000
50,000

120,614

116,383

110,439

132,870

132,254

118,498 {

80,647
69,857

75,223
99,039

70,090
85,352

55,901
75,351

71,253
79,668

120,370 /\
55,418

520,192

765,826

954,070

1,204,707

1,225,674

1,083,639

1,020,758

1,156,514

127,865
114,316
13,549

202,821
187,032
15,789

298,795
277,538
21,257

323,328
301,048
22,280

302,242
283,046
19,196

275,422
258,490
16,932

325,148
304,572
20,576

79,541
79,541 /1

Net income

454,622

440,651

637,961

751,249

905,912

902,346

781,397

745,336

831,364

Cash dividends declared


On preferred stock *
On common stock

253,396
17,563
235,833

227,608
14,523
213,085

233,490
14,324
219,166

253,193
13,645
239,548

274,438
11,769
262,669

298,983
8,345
290,638

315,215
5,981
309,234

331,833
5,230
326,603

354,144
5,093
349,052

7,224
10,844

2,600
19,645

18,031
46,486

6,104
72,978

. . . .

Memoranda:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
O n loans
. . . .
Assets, deposits, and capital accounts:
Loans
U S Govt securities
Other securities
Cash assets'*
Other assets

73,510,130 83,666,451 103,370,189 123,168,863 145,217,438 151,896,770 148,170,261 150,726,513 151,566,078

Total assets
Time deposits
Total deposits
Total capital accounts*

19,857,387 20,030,625 18,380,838 20,310,112 23,500,772 27,768,295 33,863,334 39,650,962 41,670,879


19,160,565 29,231,826 50,315,698 67,231,161 82,417,236 81,835,381 70,229,835 64,291,298 63,080,739
6,997,406 6,802,771 6,321,794 6,088,482 6,623,089 7,556,923 8,315,081 8,872,676 9,387,984
25,693,758 25,922,701 26,774,094 28,042,727 31,236,090 33,286,775 34,279,792 36,247,026 35,683,829
1,801,014 1,678,528 1,577,765 1,496,381 1,440,251 1,449,396 1,482,219 1,664,551 1,742,647

Number of officers
Number of employees
Number of banks

15,841,335 15,888,547 17,627,615 21,415,276 26,979,470 31,939,078 34,378,653 35,322,398 35,902,235


66,168,797 76,134,514 95,506,221 114,682,390 135,948,387 141,829,678 137,537,907 139,517,461 139,764,394
6,762,963 6,951,393 7,246,433 7,718,193 8,334,670 9,010,013 9,527,968 9,951,200 10,421,106
57,067
211,115

54,925
216,473

55,309
225,647

56,494
229,377

59,119
245,275

62,697
271,395

65,740
284,072

67,609
292,015

69,439
296,308

13,427

13,347

13,274

13,268

13,302

13,359

13,403

13,419

13,436

For notes see third page following.

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Federal Reserve Bank of St. Louis

414

BANK INCOME

(5.11 INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70Continued


(Amounts in thousands of dollars)
i

Item

1950

Hcvcnuc
....
Interest and dividends on securities:
U.S. Govt
Other
Interest and discount on loans.
Other charges on loans
Service charges on deposits
Other charges, fees, etc
Trust department. .
Other current revenue
Expenses
,
,
Salaries officers
....
Salaries and wages others. ...

..

..

1955

1956

1957

4,931,688

5,483,954

5,773,787

6,377,705

7,231,921

8,050,416

983,662
249,495
2,390,106
34,595
230,507
116,140
192,313
198,593

1,099,059
276,993
2,742,100
42,295
244,696
121,868
204,967
199,713

1,206,965
297,739 i
3,107,885
47,850
271,444
132,978
217,996
201,101

1,272,731
324,823
3,205,894
57,550
311,806
144,140
246,223
210,621

1,333,690
351,041
3,625,528
71,048
339,975
155,004
281,841
219,579

1,342,842
370,045
4,339,866
73,562
385,927
168,497
322,117
229,068

1,442,379
412,497
4,879,676
83,815
440,892
186,815
354,520
249,828

2,444,534
446,043
755,681

2,701,313
486,300
864,519

3,028,575
530,035
965,197

3,375,552
582,405
1,069,890

3,638,087
622,862
1,139,013

3,960,173 4,457,198
666,152
720,866
1,229,756 1,372,262

5,119,182
773,769
1,493,778

24,745
343,040
4,296

27,343
385,344
9,667

30,87 i
458,059
20,921

34,591
534,493
24,171 1

37,197
618,341
8,556

42,614
805,857
45,392

45,396
1,141,715
49,538

39,563
678,237
23,093

870,729

928,142

1,023,495

1,130,005

1,212,117

1,323,374

1,470,211

1,614,988

1,486,164

1,694,100

1,903,112

2,108,398

2,135,700

2,417,533

2,774,724

2,931,235

245,461

169,233

144,146

152,373

631,496

239,598

250,171

198,413

416,520
14,912
60,555

57,085
20,586
39,930

31,151
14,090
41,001

64,368
9,295
20,751

|
..

1954

4,395,411

Losses, charge-off s, and transfers to


reserves
On securities:
Sold,
...
Charge-ofTs prior to sale
Transfers to reserves . . .
On loans:
Losses and charge-offs
Transfers to reserves
All other

1953

1,015,456
225,425
1,976,100
31,724
212,272
104,602
180,674
184,445

Other current expenses


Recoveries, transfers from reserves,
and profits
On securities:
Profits on securities
,
Recoveries
>
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other

1952

3,930,696

Directors' fees etc


Interest on time deposits
Interest on borrowed money

Net current earnings before income taxes

1951

90,469
14,718
38,639

56,563
15,292
12,285

33,806
11,191
20,492

38,865
1 1 ,454
27,545

28,506
29,971
43, (57

22,595
28,453
34,046

22,004
27,330
29,324

28,423
18,292
27,794

34,014
57,965
47,530

27,379
50,899
43,722

20,762
77,606
65,563

21,183
39,757
43,063

366,932

395,687

362,444

448,323

552,606

707,155

993,534

757,432

83,756
31,680

97,512
29,531

155,969
54,160

66,670
126,173

221,232
67,276

317,381
101,830

237,480
84,996

23,030
191,248
59,414

21,215
204,202
54,836

23,637
154,510
57,253

31,774
132,127
74,291

29,269
222,998
107,497

28,159
303,600
86,886

32,018
452,940
89,369

25,636
321,870
87,452

38,721
54,518

1,364,690

1,467,645

1,684,813

1,812,451

2,214,591

1,949,976

2,031,360

2,372,217

Taxes on net income


Federal
State

427,776
402,582
25,194

559,475
530,810
28,664

694,883
662,277
32,606

786,490
750,796
35,693

907,560
862,065
45,495

793,737
753,883
39,855

814,636
769,843
44,793

998,397
947,998
50,40!

Net income

936,915

908,175

989,931

1,025,963

1,307,032

1,156,240

1,216,725

1,373,821

Cash dividends declared


On preferred stock ' . . . . .
On common stock ,
.

391,249
4,333
386916

418,860
3,876
4(4,984

441,971
3,675
438,298

473,866
2,979
470,888

516,977
2,912
514,066

566,124
2,581
563,543

616,890
2,389
614,501

678,101
2,234
675,867

3,565
20,385

2,363
28,477

4,355
31,508

2,232
33,612

3,154
40,384

3,146
39,794

3,332
42,717

2,646
50,824

6,324
56,250

17,725
64,735

25,598
64,607

38,480
89,186

15,841
89,495

68,140
88,417!

95,505
123,529

74,529
117,937

46,250,272
63,846,830
11,043,342
36,006,423
1,840,027

54.533,221
59,711,922'
12,554,632
40,373,273
2,034,346

59,999,743
61,065,059
13,562,462
42,952,808
2,223,391

65,213,144
60,868,295
14,082,070
43,192,523
2,329,251

68,148,039
64,372,065
15,209,165
42,976,798
2,633,547

75,800,688'
63,808,049
16,294,075'
43,510,745
2,918,1 19

86,291,628
58,257,149
16,179,498
45,728,691
3,255,814

91,493,989
57,238,574
16,725,206
45,474,318
3,858,353

Net income before related taxes

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves : -1
On securities. ...
On loans

Assets, deposits, and capital accounts:


Loans
......
U S CJovt securities
.
Other securities.
...

4
Cash assets
......
Other assets
Total assets

Time deposits
Total deposits
Total capital accounts 4
Number of officers
Number of employees,
Number of banks, . . .

.
.....
, ,

158,986,894 169,207,394 179,803,463 185,685,283 193,339,614202,331,676209,712,780 214,790,440


36,446,656 37,271,294 39,817,653 43,047,556 46,842,306 i 49,311,341 51,096,090 54,969,887
146,269,294 155,460,465 165,031,495 170,075,888 176,865,497" 184,734,232 190,786,522 193,993,484
11,007,396 11,615,767 12,270,913 12,941,478 13,761,339 14,631,680 15,553,298 16,554,663
71,566
312,324

73.806
334,961

76,754
358,325

79,574)
376,750

82,167
386,625

84,931
408,791

88,462
433,563

91,597
452.218

13,446

13,455

13,439

13,432.

13,323

13,237

13,218

13,165

For notes see second page following.

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Federal Reserve Bank of St. Louis

415

BANK INCOME
6.11 INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70Continued
(Amounts in thousands of dollars)
Item

1958

Revenue
Interest and dividends on securities:
U S Govt
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges fees etc
Trust department
Other current revenue

..
...
..

Expenses
Salaries officers
Salaries and wages others
Officer and employee benefits
Directors* fees etc
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

. ...

. ..

Recoveries, transfers from reserves,


and profits
On securities:
Profits on securities
Recoveries . . .
Transfers from reserves
On loans:
Recoveries
Transfers from reserves
All other . .
Losses, charge-offs, and transfers to
reserves
On securities:
Sold
Charge-offs prior to sale
Transfers to reserves
On loans:
Losses and charge-offs
Transfers to reserves
All other

.
.

....
,
,

Net income before related taxes


Taxes on net income
Federal
State

,
....

Net income
Cash dividends declared .
On preferred stock '
On common stock

. . .

Memoranda items:
Recoveries credited to reserves: 2
On securities
On loans
Losses charged to reserves: 3
On securities
On loans
Assets, deposits, and capital accounts:
Loans
U.S Govt securities
Other securities
Cash assets4
Other assets

i960

1961

1962

1963

1964

1965

8,500,949

9,669,352 10,723,545 11,069,604 12,218,959 13,509,713 15,024,487 16,817,187

1,544,023
501,978
5,046,782
94,674
486,507
191,408
379,395
256,183

1,732,174
546,253
5,856,688
111,991
531,916
205,935
426,016
258,381

5,612,723
827,142
1,573,330

6,264,207
892,657
1,684,159

1,901,732 2,093,207
629,134
759,030
6,891,442 7,578,200
117,259
139,645
630,458i
681,243
223,283
237,446
502,8711
543,916
186,272
173,425

1,790,341
578,783
6,698,655
108,655
589,954
218,566
460,251
278,340

1,759,247

6,932,820 7,440,492 8,589,177


966,6431 1,028,869 1,098,146
1,831,323 1,869,961 1,975,406
377,494
419,098
51,8661
56,292
59,794
63,236
1,580,250 l,785,086i 2,106,6451 2,845, 283t
78,350
37,997|
87,385
64,325
555,670
510,691
224,852
267,885
1,976,926 2,206,0911 1,224,189| 1,300,128

2,888,223

3,405,145

3,790,725;

3,629,112

3,629,782

868,115

328,889

574,826

708,171

467,061

681,554
9,646
57,145

47,277
27,946
111,447

329,322
12,927
55,568

453,730
9,934
86,574

256,987
6,241
56,761

22,439
42,158
55,176

20,551
57,607
64,062

25,684
70,211
81,114

16,825'
51,817
89,291

783,213

1,361,515

978,422

48,271
1,380,575
24,161

Net current earnings before income taxes

1959

2,176,454
921,060
8,516,837
155,478
728,857
248,362
573,252
189,413

2,240,389 2,224,711
1,085,334 1,285,287
9,612,079 10,999,867
173,159
204,996
781,405
842,775
304,276
280,289
629,694
689,628
265,647
222,138

9,714,980 10,897,460 12,486,120


1,183,264 1,284,140 1,392,765
2,101,111 2,234,922 2,369,259
490,732
525,692
457,033
77,093
67,469
72,176
3,464,308 4,088,061 5,070,781
106,517
127,277
189,519
608,462
670,243
731,573
411,889
311,518
362,301
1,415,298 1,567,608 1,717,549
3,794,733 4,127,027

4,331,067

468,450

322,104

390,368

167,445
4,046
60,516

74,723
6,633
57,284

84,619
7,114
97,435

16,902
56,610
73,560

17.913
131,235
87,295

17,383
62,313
103,768

17,962
84,001
99,237

935,461

836,665

883,637

1,017,299

1,177,540

44,290
21,354
224,678

58,939
12,603
95,039

49,887
12,827
63,530

88,397
11,256
72,213

85,045
9,224
63,370

93,657
268,159

745,081
168,003

219,767 I/
156,232

25,053
282,227
114,117

25,459
318,965
104,006

35,760
451,667
1 14,996

31,194
481,200
132,745

30,107
528,710
111,267

29,588
609,059
118,746

32,385
666,040
147,008

36,188
846,877
136,836

2,973,128

2,372,519

3,387,129

3,401,822

3,260,178

3,379,546

3,431,832

3,543,895

1,271,459
1,198,890
72,570

884,458
832,797
51,661

1,384,397
1,300,940
83,457

1,406,102
1,317,292
88,810

1,256,382
1,159,725
96,657

1,226,783
1,130,629
96,154

1,148,203
1,050,624
97,579

1,029,162
927,423
101,739

1,701,667

1,488,061

2,002,732

1,995,720

2,003,796

2,152,763

2,283,629

2,514,733

1,088,310
25,749
1,062,561

1,202,349
56,163
1,146,186

725,866
2,366
723,500

776,386
2,219
774,167

831,546
2,024
829,522

895,053
1,823
893,230

941,189
1,763
939,426

993,374
3,335
990,039

10,410
69,073

5,585
73,790

18,294
68,232

9,911
73,844

4,714
84,863

6,216
96,897

4,515
157,791

4,158
124,062

19,741
127,515

207,061
122,315

47,716
264,405

22,463
249,500

16,305
238,825

17,314
323,475

43,683
394,18

25,761
429,490

95,666,835
62,355,819
19,237,561
46,766,041
4,333,431

103,872,351
61,878,548
20,284,525
46,881,654
4,660,311

114,275,450
57,773,429
20,092,632
49,317,003
5,318,208

117,969,985
61,792,135
21,660,32
46,613.211
6,162,547

127,789,110
64,519,914
25,761.084
49,438,670
6,712,000

145,028,233 164,816.703 187,661,591


64,058,431 61,439,390 59,419,551
31,421,875 36,360,062 41,540.772
50,997,566 54,449,343 59,013,596
7,434,673 8,425,128 9,578,899

Total assets

228,359,687 237,577,389 246,776,722 254,198,199 274,220,778 298,940,778 325,490,626 357,214,409

Time deposits
Total deposits
Total capital accounts 4

62,382,540 66,829,234 69,647,547 77,658,528 89,470,056 104,507,516 119,606.438 137,554,173


206,196,015 213,428,979 220,099,028 225,214,703 243,319,550 264,069,489 287,988,560 315,645.533
17,723,575 18,738,160 19,965,172 21,288,987 22,703,808 24,283,900 26,391,374 28,820,861

Number of officers. . . .
Number of employees
Number of banks

. .

.
....

95,308
457,023

98,934
481,666

103.211
506,596

107,060
496,040

112,200
512,739

117,417
531,820

123,996
546.77

130,042
569,276

13,124

13,114

13,126

13,115

13,124

13,291

13,49

13,547

For notes see next page.

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Federal Reserve Bank of St. Louis

416

BANK INCOME
6.11 INSURED COMMERCIAL BANK INCOME, EXPENSES, AND DIVIDENDS, 1941-70Continued
(Amounts in thousands of dollars)

1966

Item
Revenue
Interest and dividends on securities ;
U S Govt
....
Other
Interest and discount on loans
Other charges on loans
Service charges on deposits
Other charges fees etc
Trust department
Other current revenue
Expenses
.
Salaries* -Officers
Salaries and wages-" Others
Officer and employee benefits
Oircctors' fees e t c
Interest on time deposits
Interest on borrowed money
Net occupancy expense
Furniture and equipment
Other current expenses

21,781,611

25,478 404

2,317,794
1,531,517
13,042 757
243 , 643
915 049
354 036
756,130
347 488

2,601,900
1,904,886
14 351,421
295,216
987 187
411,021
820,269
409,711

3,004 655
2,376,223
16 723 099
397,980
1 055 964
478 028
906,206
536 249

.-.

14,561.852
1,526 300
2,569,442
598,768
83,791
6,259,472
301 768
802,060
458,695
1,961 556

16,553,642
1 674,955
2,862,941
667,345
92 , 074
7,379,863
266,476
873,541
533,846
2,202,601

19,354,237
1,861 448
3,240,355
755,744
101,313
5
8, 681,705
"' 528 986
970 034
631,564
5
2,583 088

..

4,946,562

5 227,969

6,124 167

341,711

417,624

326,034

62,464
5,077
100,950

150,238
3,986
62,089

98,417
6,465
42,501

15,585
55.762
101,873

14,307
44,439
142,565

12 419
58,681
107,551

1,574,027

1,326,581

1,757,219

454,911
10 198
78,932

154,550
8,403
74,572

536,937
12 117
54,960

..
....

31,251
775,792
222,943

28,341
885,885
174,830

25 219
953,305
174,681

..

3,714 246

4 319,012

4,692,982

1,029,906
911,585
118,321

1,177,154
1,020,976
156,178

1,267,044
1,086,889
180,155

.
. ..

. . . .

...
. ..
...

.
(

Net current earnings before income taxes


Recoveries, transfers from reserves, and profits
On securities:
Profits
Recoveries
Transfers from reserves
. . . .
.
On loans :
Recoveries
Transfers from reserves
All other
,

'. . .
.

Losses, chargc-offs, and transfers to reserves


On securities:
Sold
Gharge~offs prior to sale
Transfers to reserves
.
.
On loans:
Losses and charge-offs
Transfers to reserves
AH other,

...

Net income before related taxes


Taxes on net income. . . .
Federal
State
Net income

. .

Cash dividends declared on .


.
Preferred stock'Common stock
Memoranda items:
Recoveries credited to reserves on2
Securities
Loans
Losses charged to reserves on -;i
Securities
. . . .
Loans ...
Assets, deposits, and capital accounts:
Loans
....
U.S. Govt. securities . . .
Other securities
....
Cash assets^
....
Other assets
Total assets
Time deposits
Total deposits .
Total capital accounts 4

.
,

Number of officers
Number of employees
Number of banks
Notes
to data for 1941-68:
1
Includes interest on capital notes and debentures.
2
Not included in recoveries above,
a Not included in losses above.
4
See note 5 on following page.
3
Amount reported, A relatively few banks misre-

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Federal Reserve Bank of St. Louis

....

2,684,340

3,141,858

3,425,938

....
. ..
...

1,307,387
67,339
1,240,048

1,426,202
83,664
1,342,538

1,589,114
100,444
1,488,670

....

3 300
143,859

5,638
168,680

1 913
219,115

...

60,282
545 , 647

29,072
601 , 194

32,262
629,707

. .

210 240,170
56,088,649
47,054,812
62,867,398
10,862,634

226 145,245
57,357,584
55,2)3,293
70,248,679
12 163,632

248,753,413
61,545,807
65,318,374
78,504,024
14,091,489

...

387,113,663

421,128,433

468,213,107

......
...

155 000 307


340,336,714
30,850,686

173 923,577
368,906,501 i
32,876,674

193,S79,i71
407,508,260
35,332,148

137,803
606,120

144,868
637,511 i

153,655
679 , 084

13 541

13,517

13 488

....

1968

19,508,414

...
...

....

1967

ported; for estimate of the amount of misreporting, see


note 5 to Table 6.1.
NOTE,Excludes one nondepostt nqninsured trust
company; figures for this company are included in the
figures for member banks shown in Table 6.1.

417

Section 7

BANK SUSPENSIONS
Contents
TEXT

421

TABLE

423

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Federal Reserve Bank of St. Louis

419

Section 7

BANK SUSPENSIONS

At times bank suspensions have been a


prominent and disturbing aspect of the financial
history of the United States, Such suspensions
have been due to a variety of causes, including
broad economic developments as well as certain characteristics of our banking system. In
turn, they have had an important bearing on
economic developments, on bank legislation
and supervision., and on banking traditions and
practices.
Monetary losses have been of serious import,
but they represent only a part of the damage
incident to insolvencies. The liquidation of insolvent banks is at best a slow process; and
although depositors in such banks may eventually recover a substantial amount of their
deposits, they are meanwhile deprived of the
use of their money.
Bank suspensions reached their highest levels
during the early 1930's. At that time the
United States was suffering from a severe economic depression, and the financial machinery
of the whole country was subjected to extraordinary pressures, which culminated in the

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Federal Reserve Bank of St. Louis

421

banking holiday in early 1933. Shortly after


the banking holiday a Federal agency was
established to promote and preserve public
confidence in banks and to protect the money
supply through the provision of insurance coverage of bank deposits. This agency, the Federal Deposit Insurance Corporation, insures
up to the statutory limitationthe deposits in
national banks, in State banks that are members of the Federal Reserve System, and in State
banks that apply for Federal deposit insurance
and meet certain prescribed qualifications.1
During most of the period since the FDIC
became operational, economic conditions have
improved and the number of banks suspended
has been small; nevertheless the factors causing
such suspensions are of much interest, and they
have been the subject of some studies and
some official observations. According to studies
and observations made during the latter half
of the 1960's, most of the suspensions since
1
The statutory maximum has been raised from time
to time, and at the end of 1970 it was $20,000 per
account.

Bank Suspensions

World War II have been the result of poor


management and control or of dishonest activities rather than of economic conditions.2
Developments such as these have led to new
banking legislation. Public Law 88-593, which
was approved September 12, 1964, requires
that insured banks inform the appropriate Federal banking agency of any changes in control of
management of such banks and of any loans
secured by 25 per cent or more of the voting
stock of such banks. Public Law 89-695, approved October 16, 1966, strengthened the
authority of Federal agencies that supervise
and regulate banks and savings and loan associations, and authorized such agencies to institute "cease and desist" proceedings and proceedings directed at the removal from office, in
prescribed circumstances, of directors or officers of institutions under their supervision.
2
Gerald C. Fischer, American Banking Structure
(Columbia University Press, New York, 1968), pp.
223-28. U.S. Congress, Senate, Investigation into
Federally Insured Banks, Hearings, 1965, p. 141. And
"Recent Bank FailuresWhy," Federal Reserve Bank
of Richmond, Monthly Review, September 1965, p. 4.

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Federal Reserve Bank of St. Louis

422

The data for number of banks suspended,


shown in Table 7.1, have been compiled from
secondary sources. The term "bank suspension" has been defined to comprise all banks
closed to the public, either temporarily or
permanently, by supervisory authorities or by
the banks' boards of directors on account of
financial difficulties, whether on a so-called
moratorium basis or otherwise. Banks that,
without actually closing, merged with other
banks or obtained agreement from depositors
to waive or to defer the withdrawal of a portion of their deposits have not been counted as
suspensions; but banks that closed and were
later reopened or taken over by other institutions have been included.
Figures for the deposits of each suspended
bank for the period shown in Table 7.1 are
those for the last report of the bank before it
was suspended, as derived from information
shown in either the report of condition (filed
with the appropriate Federal banking agency),
when available, or the Rand McNally Bankers
Directory.

BANK SUSPENSIONS
7.1 COMMERCIAL BANK SUSPENSIONSNUMBER AND DEPOSITS, BY CLASS OF BANK, 1941-70
Number
Year

Nonmember
banks

Member banks

Total

National

1941
1942
1943
1944
1945

Deposits (in thousands of dollars)

8
8
4
I

State
4

Total

National

4
i 8

Member banks

3,954
1,306
7,091
185

Nonmember
banks

State

3,159

795
1,306
782
185

6,309

1946
1947
1948
1949
1950

167

167

4
1

4
I

2,443
30

2,443
30

1951
1952
1953
1954
1955

3
3
4
3
4

3
3
3
3
2

2,131
1,289
34,523
2,518
6,420

2
1
2 8
3
2

8,754
11,485
13,218
2,307
4,471

6,144
10,451
778

1,034

i 5
2
2
7
5

6,896
1,127
35,798
28,425
45,354

3,781

1,389

12,448
43,469

1956
1957
1958
1959
I960

. .

9
3
2

1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1
2

....
. ,

8
2
2
8

*
2
1
1
1

1
2

3,623

1
2

725
10,823

3,653

3,881

4
1

2
1

9,720
14,604

6,245
14,604

1,283

One bank suspended during the year was reopened during the year and is therefore not shown as being suspended.
Includes one involuntary liquidation.

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Federal Reserve Bank of St. Louis

2,610
12,440
2,307
4,471

1
4

423

2,131
1,289
21,865
2,518
2,797

12,658

1,726
1,127
35,798
15,977
1,885
725
3,289

2,192
.)

Section 8

BANKS AND
BANK HOLDING COMPANIES
Contents
TEXT

427

TABLES

429

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Federal Reserve Bank of St. Louis

425

Section 8

BANKS AND
BANK HOLDING COMPANIES

During the past several decades the number


of operating offices of commercial banks has
increased significantly. From 1941 to 1970,
for example, the number of banking offices
nearly doubled. Although much of this growth
has reflected formations of new banks, the
expansion in the number of bank offices appears to be attributable to a relaxation of
restrictions upon branch banking in many
States,1
Historically, the development of branch
banking in the United States has occurred on a
regional basis. States in the Far West have traditionally permitted statewide branching, In the
Midwest, however, most States have retained
unit banking. Branching laws vary most widely
in the eastern United States; in that area some
States permit statewide branching, others have
various forms of limited branching, and still
others allow only unit banking.
1

By the end of 1974 only 4 of the 15 unit banking


States had fewer than 50 branches and facilities
(Minnesota had 32 branches; Montana had 13
branches and 1 facility; West Virginia had 26
branches; and Wyoming had 1 branch and 1 facility).

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Federal Reserve Bank of St. Louis

427

Branch banking was relatively uncommon


prior to the 1930's. In 1900, for example,
only 87 of about 12,000 banks in the United
States operated more than one office. And even
as late as 1920, only 530 of about 30,000
banks had one or more branches. Although the
number of branches increased moderately during the 1920's, it declined during the early
1930's. Then for nearly two decades there was
little change in the number of banking offices
in the United States.
As a result of certain broad legal and economic changes, the number of banking offices
increased steadily during the 1950's and early
1960's. Rising levels of income and the migration of city dwellers to the suburbs contributed
to increased demands for more geographically
dispersed banking services. Moreover, changes
in branching laws in several sizable States enabled many banks to provide more convenient
service to suburban customers. New York,
New Jersey, and Virginia were among the
States that experienced a sharp increase in
branch-office growth after State branching laws
were liberalized.

Banks and Bank Holding Companies

Bank holding companies have also contributed to the expansion of the geographic scope
of banking in recent years, especially since the
mid-1960's. Unlike a branch bank network, the
individual banks that make up a holding company may include banks that have branches (if
State law permits) and (since 1970) certain
types of nonbank financial subsidiaries. The
expansion of bank holding companies via the
acquisition of bank and nonbank subsidiaries
is regulated almost exclusively by the Federal
Reserve System.
The first bank holding companies in the
United States were formed during the late
1800's. These companies, located mostly in the
West and Midwest, were generally small and
unimportant until the late 1920's, a period during which they, while unregulated, gained some
measure of prominence. It was not until much
later that Congress, prompted by numerous new
holding company formations during the 1950's,
enacted the Bank Holding Company Act of
1956. For nearly 10 years after this act became
law, very few new holding companies were
formed. Then between 1965 and 1970 the
number of bank holding companies grew from
53 to 121.
These and other changes in both the number
of banking offices ^ and the scope of bank hold2

As described in Table 8.1, the term "bank office"


refers to any branch or facility of a commercial bank
or nondeposit trust company. Also, for definitional
purposes, a branch is any branch bank, branch
agency, branch office, additional office, or any branch
place of business at which deposits are received, checks
paid, or money loaned. Bank "facilities" are also included in bank office data, and they refer to any bank
office maintained for the purpose of serving Federal

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Federal Reserve Bank of St. Louis

ing company activity are detailed in Tables 8.1


and 8.2. The data in these tables were obtained
from the reports of bank holding companies,
commercial banks, and nondeposit trust companies filed with the Federal Deposit Insurance
Corporation and the Federal Reserve System.
Table 8.1 contains a summary of annual
changes in the number of offices of commercial
banks and nondeposit trust companies during
the period 1941-70. The table shows data relating to the number of offices in operation at
the beginning and end of each year, the number beginning and ceasing operation during
each year, and the net increase or decrease in
the total number of offices in operation. Each
State is classified by type of branching law,
(unit, statewide, or limited) and over-all summaries of data appear for these groups. Finally,
grand totals are provided for all 50 States and
the District of Columbia.
Table 8.2 details the growth of bank holding
companies from 1956 to 1970. Part A of this
table summarizes, by State, the number of bank
holding companies; their subsidiary banks,
and any branches of those banks; and the total
deposits of all bank holding company groups.
As in Table 8,1, each State is classified as to
type of branching law. Part B of Table 8.2 contains summary totals of bank holding companies, their banks, branches, and total deposits
grouped by type of branching law. Data for
both portions of this table were obtained primarily from bank holding company reports
submitted to the Federal Reserve System.
Government personnel on military installations or at
other Government institutions.

428

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOS1T TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70
During 1941

In
operation
Jan. 1

Beginning
operation

50 States and District of


17,956
Columbia TOTAL
2,802
Statewide branching States. .
Limited branching States
. 7,831
7,323
Unit banking States
. ,

114
22
55
37

State

Alabama
Alaska

..

. . .

....

Arka nsas
California

237
18
38
228
1,051

Colorado
Connecticut
Delaware
District of Columbia .
Florida

146
133
57
52
169

Georgia
Hawaii
Idaho
Illinois
Indiana

368
39
87
840
565

Iowa
. . .
Kansas
...
Kentucky .
Louisiana
Maine
. .
^Maryland
Massachusetts
Michigan
Minnesota
Mississippi

.
,

New Jersey
N e w Mexico . . .
New York
North Carolina
North Dakota

South Carolina
South Dakota
Tennessee .
Texas
Utah

...
.

Missouri
Montana
...
Nebraska
Nevada
New Hampshire. .

Ohio.
Oklahoma
Oregon
Pennsylvania
Rhode Island

.....
......

..

. .....

...

. .

....

Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

i 18 ,049
2,832
7,856
7,361

116
22
63
31

219
39
84
96

17,946
2,815
7,835
7,296

238
18
40
245
1,055

1
2
1

3
19

238
18
41
244
1 ,037

L
U

153
135
55
52
173

3" "

379
48
87
835
568

17,925
2,765
7,821
7,339

-31
-37
-10
16
1

10

238
18
38
229
1,045

-6

S
U
S

144
133
55
52
170

-2

375
43
87
830
564

7
4
-16
1

L
S
S
U
L

1
-8
-4
2
-1

U
U
L
L
L

815
656
433
201
126

4
1
2
2
8
7
3
4

2
2

8
6

1
2

15
2

-2
1

In
Ceasing operaoperation
tion
Dec. 31

7
3
2
3
3

5
1
4
7
3

381
50
85
B31
56B

2
2
2
-4

7
16
3
2

813
640
434
200
128

2
-16
I
-1
2

5
8
6
5

256
322
626
679
249

2
3

3
12
2
1

2
7
2
1

252
319
618
680
250

-1
1
5

S
L
I,
U
L

254
319
627
682
250

620
111
419
22
66

1
1
1
1

612
112
419
23
66

~8
1

U
U

i'

u
s
u

617
112
427
23
66

474
48
1,379
354
184

2
1
15
4
4

472
49
1,369
358
185

-2
1
-10
4
1

L
L
L
S
U

475
49
1,370
359
186

3
1
6
9 !
1

.]

860
390
140
1,169
61

-6

i'

L
U
S
L
S

860
392
142
1,172
64

1
3
1
6

8
2
1
18

853
393
142
1,160
64 !

2
1

174
205
351
855
71

4
25
3*
6
2

'

866
390
139
1,172
61

2
1
2

172
202
348
858
72

4
4
4
S

1
2
3
6

175
204
349
857
72

3
2
1
-1

S
U
L
U
S

175
204
353
861
72

4
2
1
1
6

81
384
222
180
696

-4
-1
1

S
L
S
U

82
384
223
180
698

58

i'

2
1
6

58

429

-3

u
u

59

I
=1
-18

2
3'

253
318
613
680
250

11
2
11

5'

"11
i

8
4 '

606

no

416
24
66

475
47
1,359
365
184

-1
-11
--2
-It
1

L
S
S
U

s
t;
s
s
L
U
L
S
S

L
L
L

S
L
L
U
L
U
U

u
s
u

-If6

L
L
L
S
U

-12

"2

i,
s

I-

--S

nc

L
S

?'

82
392
218
180 !
695

-3

57

-2

Type

of
brunching

-103
-17
-=21
65

-4

2
2

Net increase,
or decrease
(-)

149
135
53
52
173

815
654
427
201
125

9'
4

1
See footnotes 3 and 5 on p. 69 of Annual Report of the Federal Deposit
insurance Corporation for 1942. This figure is larger than the number
shown in the CorporatioiVs Annual Report for 1941.
For general notes see end of table.

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Federal Reserve Bank of St. Louis

Beginning
operation

145
59
65
21

1
1

In
operation
Jan. I

Type
of
branching

814
662
431
199
126

85
385
221
180
696

.....

i"

Net increase,
or decrease
(-)

In
Ceasing operaoperation
tion
Dec. 31

During 1942

u
u
u

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1943

In
Ceasing operation
operaDec. 31
tion

Net increase,
or decrease
(-)

192

18,034

30
82
80

2,875
7,844
7,315

5
7

243
18
44
245
1,066

In
operation
Jan. 1

Beginning
operation

17,946

280

Statewide branching States . . .


Limited branching States
Unit banking States
:.

2,815
7,835
7,296

90
91
99

Alabama ...
Alaska
Arizona
Arkansas
California

238
18
41
244
1,037

5
3
6
36

Colorado
Connecticut
Delaware
District of Columbia .
Florida

149
135
53
52
173

6
1
2
3
13

2
1
2

Georgia
Hawaii
Idaho
Illinois
Indiana

381
50
85
831
568

10
1
4
11
5

Iowa
Kansas
Kentucky
Louisiana
Maine.

813
640
434
200
128

5
3
3
12

9
14

256
322
626
679
249

3
4
3

606
110
416
24
66

7
1
9
3
1

New Jersey
New Mexico
New York
North Carolina.
North Dakota

475
47
1,359
365
184

18
11

24
3
4

Ohio
. . . .
Oklahoma . .
Oregon
Pennsylvania
Rhode Island

853
393
142
1,160
64

1
4
4
6

174
205
351
855
71

5
4
3
27
9

State

50 States and District of


ColumbiaTOTAL .

....

. . . .

Maryland
Massachusetts
Michigan
Minnesota
Mississippi

....

. .

Missouri.
....
Montana
Nebraska
Nevada
New Hampshire

South Carolina .
South Dakota
Tennessee .
Texas
Utah
Vermont
Virginia . . . .
Washington
West Virginia
Wisconsin . .

...

Wyoming .

82
392
218
180
695
57

During 1944

6
5

1
1
6
1
3
13
1
10
2

153
135
53
55
186

sr

In
Ceasing operation
operation
Dec. 31

Net increase,
or decrease
(-)

142

18,130

96

29
54
59

2,920
7,873
7,337

45
29
22

1
1
10

245
19
49
247
1,081

2
1
5
2
15

3
2
1
1
7

2
1
1
1
3

154
136
53
55
190

1
1

In
operation
Jan. 1

Beginning
operation

88

18,034

238

60
9
19

2,875
7,844
7,315

74
83
81

243
18
44
245
1,066

3
1
5
3
25

L
U

153
135
53
55
186

3
1
29
4
3
13

branching

L
S
S
U

s
u
s
s

393
53
89
844
571

8
3

809
629
430
211
128

-4
-11
-4
11

U
U
L
L
L

809
629
430
211
128

4
4
4'
2

6
8
2
3
1

807
625
428
212
129

-2
-4
-2
1
1

258
323
623
678
251

2
1
-3
-1
2

S
L
L
U
L

258
323
623
678
251

3
1
6
1
7

2
1
5
1
1

259
323
624
678
257

600
110
415
25
67

-6

U
U
U

5
1
9
2

599
111
420
26
67

-1
1
5
1

U
U

s
u

600
110
415
25
67

480
49
1,355
376
178

2
2
2
3
-2

L
L
L
S
U

850
390
142
1,146
71

-1
-1
-2

L
U
S
L
S

2
2
8
1

179
209
355
884
77

3
3
8
-1

L
U
S

3
6
2
4

81
401
229
178
698

1
1
6
-2
3

S
L
S
U
U

58

-1
1
1

851
391
144
1,145
62

-2
-2
2
-15
-2

L
U
S
L
S

851
391
144
1,145
62

3
1
3
7
9

3
1

176
208
352
876
78

2
3
1
21

L
U

176
208
352
876
78

3
3
5
16

80
400
223
180
695

-2
8
5

L
S
U
U

80
400
223
180
695

1
4
12

57

L
S
S

2
5
6

3
6
2
21

7
2

5
2
14
3
3

2
2
3

L
U

10
2
2
13
9

478
47
1,353
373
180

386
51
89
836
568

L
L
L
S
U

16

u
s
u
s
s

L
S
S
U
L

-6
8
-4

6
2

L
S
S

5
1
4
5

478
47
1,353
373
180

Type
of
branching

386
51
89
836
568

57

For general notes see end of table.

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Federal Reserve Bank of St. Louis

430

s
s

4
1
3
12
5
4
2
6

1
6

u
L

L
L
L

S
L
L
U
L

u
s
u

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1945

State

50 States and District of


Columbia TOT Al

In
operation
Jan. 1

Beginning
operation

During 1946

In
Ceasing operaoperation
tion
Dec. 31

Net increase,
or decrease
(-)

Type
of
branching

In
operation
Jan. 1

Beginning
operation

In
Ceasing operaoperation
tion
Dec. 31

Net increase,
or decrease
(->

typ
branching

18,130

288

249

18,169

39

18,169

352

284

18,237

Statewide branching States. . .


Limited branching States
Unit banking States

2,920
7,873
7,337

80
107
101

71
95
83

2,929
7,885
7,355

9
12
18

2,929
7,885
7,355

93
164
95

85
lit
88

2,937
7,938
7,362

8
53
7

Alabama
Alaska .
Arizona .
Arkansas
California

245
19
49
247
1,081

1
1
3
5
32

5
1

241
19
47
249
1,090

-4

L
S
S
U
S

241
19
47
249
1,090

5
1
5
4
26

4
5
4
37

242
20
47
249
1,079

1
1

Colorado
Connecticut
Delaware.
District of Columbia

154
136
53
55
190

3
3

-1
-3

u
s
s

^4

L
U

153
133
53
55
186

3
4
2
4
9

4
2
2
4
10

152
135
53
55
185

-1
*>

153
133
53
55
186

Georgia .
Hawaii
Idaho
Illinois
Indiana

393
53
89
844
571

14
1

14

393
54
86
861
570

1
-3
17
-1

L
S
S
U
L

393
54
86
861
570

19

3
5
7

5
22
10

6
2
2
4
8

406
52
89
879
572

13
=2
3
18
2

10
7
3
6
2

812
618
427
212
130

812
618
427
212
130

11
3
3
8
2

3
6
5
3

820
615
425
217
132

U
U
L
L
L

-2
5
2

L
L
L

6
3
3
5

260
331
627
684
253

8
3
6
-4

S
L
L
U
L

260
331
627
684
253

7
12
22
5
5

3
7
3
6
3

264
336
646
683
255

4
5
19
" 1
2

S
L
L
U
L

U
U
U
S
U

597
111
420
25
68

6
1
4
1

7
2
5

596
110
419
26
66

-I
-I

U
U
U

s
u

L
L
S
U

481
48
1,358
379
176

4
3
36
IS
1 j

5
1
30
9

480
50
1,364
388
176

-1
2
6
9

L
L
L
S
U

852
386
145
1,146
70

2
4
3
10
1

4
4
2
15
4

850
386
146
1,141
67

-2
5
-3

L
U
S
L.
S

S
6

1
3
22
7

179
213 (
366
877
71

4
3
8
-8
-5

S
U
L
U
S

13
9
1
3

81
401
240
180
700

-2
4

56

. . . .

. .

.,..,,...

22
6

3
23

807
625
428
212
129

15

Maryland.
Massachusetts
Michigan.
Minnesota
Mississippi

259
323
624
678
257

6
14
6
9

Missouri .
Montana
Nebraska
Nevada
New Mamsphire

599
111
420
26
67

3
2
8
1
1

5
2
8
2

480
49
1,355
376
178

4
1
15
4
1

850
390
142
1,148
71

Iowa
Kansas
Kentucky
Louisiana
Maine

New Jersey
New York
North Carolina
North Dakota

....

Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
Utah
Vermont .
Virginia
Washington
West Virginia .
Wisconsin .

.
. .

Wyoming

2
6
3

5
-7
-1

597
111
420
25
68

-2

3
2
12
1
3

481
48
1,358
379
176

1
-1
-3
3
-2

9
12

6
4
6
12
1

852
386
145
1,146
70

2
-4
3
-1

L
U
S
L
S

179
209
355
884
77

1
4
7
17
1

5
3
4
16
2

175
210
358
885
76

-4
1
3
1
-1

S
U
L
U
S

175
210
358
885
76

81
401
229
178
698

7
21
2
6

5
14

2
7
2
4

81
403
236
180
702

S
U
U

81
403
236
180
702

57

57

58

For general notes see end of table.

Digitized for FRASER


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

-2
2
9

431

_i
1

8
14
i

ii

13
1
1

-11

_,1

-2

L
S
S

u
s
su
s

L
U
L
S
S

s
I,
s
u
u
u

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1947

State

50 States and District of


Columbia TOTAL

In
operation
Jan. 1

Beginning
operation

During 1948

In
Ceasing operation
operation
Dec. 31

Net increase,
or decrease
(-)

Type
of
branching

In
operation
Jan. 1

Beginning
operation

In
Ceasing operaoperation
tion
Dec. 31

Net increase,
or decrease
(-)

18,237

324

145

18,416

179

18,416

287

109

18,594

178

Statewide branching States. . .


Limited branching States
Unit banking States

2,937
7,938
7,362

90
147
87

33
72
40

2,994
8,013
7,409

57
75
47

2,994
8,013
7,409

93
147
47

22
57
30

3,065
8,103
7,426

71
90
17

Alabama
Alaska
Arizona
Arkansas
California

242
20
47
249
1,079

4
1
6
1
26

244
21
51
247
1,098

2
1
4
-2
19

L
S
S
U
S

244
21
51
247
1,098

247
21
56
249
1,120

2
3
7

147
138
53
57
188

-5
3
2
3

u
s
s

L
U

147
138
53
57
188

410
53
93
886
577

4
1
4
7
5

L
S
S
U
L

410
53
93
886
577

15
4
9
9

2
5
2

. . . .

Colorado
Connecticut
Delaware
District of Columbia
Florida

152
135
53
55
185

Georgia
Hawaii
Idaho
Illinois
Indiana

3"

5
2
27

5*

147
142
53
58
192

3
5

1
2

406
52
89
879
572

7
1
5
11
9

820
615
425
217
132

8
3
3
8
2

2
8
4
2

826
610
424
223
134

6
-5
-1
6
2

L
L
L

826
610
424
223
134

6
1
4
3

^Maryland
Massachusetts
Michigan
Minnesota

264
336
646
683
255

9
10
9
3
6

6
4
1
1

267
342
654
685
261

3
6
8
2
6

S
L
L
U
L

267
342
654
685
261

8
10
11
3
3

Missouri
Montana
Nebraska
Nevada
New Hampshire

596
110
419
26
66

3
2
1

597
112
420
26
76

1
2
1

U
U

u
s
u

597
112
420
26
76
480
55
1,378
396
176

7
5
23
12

19

Iowa
Kentucky
Louisiana

6
5
26
11
1

850
386
146
1,141
67

South Carolina
South Dakota
Tennessee
Texas
.
Utah
Vermont
Virginia
Washington
West Virginia
^Vtsconsin

New York
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island

^Vyoming

10

480
50
1,364
388
176

New Jersey

1
4
4

10

4
2
3

828
609
425
226
134

2
-1
1
3

U
U
L
L
L

3
1
2
1
1

272
351
663
687
263

5
9
9
2
2

S
L
L
U
L

599
2
112 . . . . _ _
418
26
77
i'

U
U
U
S
U

12
3
1

5
14
8

14
2
9
26
3

7
1
4
23
3

857
387
151
1,144
67

7
1
5
3

L
U
S
L
S

857
387
151
1,144
67

16
1
9
18

179
213
366
877
71

5
5
6
25
4

1
1
6

183
217
371
896
75

4
4
5
19
4

L
U
S

183
217
371
896
75

81
401
240
180
700

1
3
5
2
5

-1
1
2
2
2

3"

80
402
242
182
702

L
S
U
U

80
402
242
182
702

55

-1

55

56

432

1
4

U
S
S
L
U

15

L
L
L
S
U

2
2
3

L
S
S
U
S

425
53
95
890
584

480
55
1,378
396
176

For general notes see end of table.

Digitized for FRASER


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

1
4

5
2
22

Type
of
branching

2
4
7

L
S
S
U
L

478
60
1,382
408
175

-2
5
4
12
-1

L
L
L
S
U

3
1
1
12

870
387
159
1,150
70

13

L
U
S
L
S

9
12
8

186
218
377
901
77

3
7
6

6
5
2

S
U
L
U
S

1
3
1
4

81
410
246
181
701

1
8
4
-1
-1

S
L
S
U
U

1
9
7
3

55

8
6
3

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70-Continued
During 1949

State

50 States and District of


Columbia TOTAL .

In
operation
Jan. 1

Beginning
operation

During 1950

In
Ceasing operation
operaDec. 31
tion

Net increase,
or decrease
(-)

Type
of
branching

In
operation
Jan. 1

Net inIn
Begincrease,
ning ! Ceasing operaor de
opera- operation
crease
Dec. 3 1
tion
tion
I-)

Type
of
branching

18,594

322

105

18,811

217

18,811

361

128

19,044

233

Statewide branching States. . .


Limited branching States
Unit banking States

3,065
8,103
7,426

128
153
41

25
56
24

3,168
8,200
7,443

103
97
17

3,168
8,200
7,443

131
174
56

35
68
25

3,264
8,306
7,474

96
106
31

Ala bum a
Alaska
Ari/ona
Arkansas
California

247
21
56
249
1,120

2
1
7
5
40

248
22
62
253
1,155

1
1
6
4
35

L
S
S
U
S

248
22
62
253
1,155

3
2
5->
36

4
10

251
24
67
251
1,181

3
2
5
,= 2
26

147
142
53
58
192

3
17
1
2
5

150
153
53
60
197

3
11

L
U

150
153
53
60
197

9
15
5
4
8

1
6

2
5

u
s
s

158
162
58
64
205

8
9
5
4
8

425
53
95
890
584

16
1
5
7
6

434
54
96
893
588

9
1
1
3
4

L
S
S
U
L

434
54
96
893
588

13
1
3
4
10

8
1
1
4
3

439
54
9B
893
595

5
*>

L
S
S

"'" Y

828
609
425
226
134

3
1
3
8

828
610
427
234
134

1
2
8

U
U
L
L
L

828
610
427
234
134

3
3
3
8
1

827
612
429
242
134

2
8

L
L
L

272
351
663
687
263

7
8
11
1
7

5
3

279
354
671
688
266

7
3
8
1
3

S
L
L
U
L

279
354
671
688
266

6
7
17

283
359
681
686
269

to

4
S

2
2
7
3
1

~2
3

S
L
L
U
L

U
U
U

s
u

598
111
417
27
78

601
110
420
27
77

3
I
3

gU

489
66
1,417
443
172

Colorado
Connecticut
Delaware
.
....
District of Columbia
Florida
Georgia . . .
Hawaii
Idaho
Illinois
. .
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi

. .

. . . ...

....
....

599
112
418
26
77

Missouri
. .
. .
M'ontunu
Nebraska
Nevada
. ...
New Hampshire
New Jersey . .
New Mexico
New York
North Carolina. . .
North D'lkota

....
. ...

Ohio .
Oklahoma
Oregon
Pennsylvania
Rhode Island .
South Carolina
South Dakota
Tennessee
Texas
Utah

i"
1

478
60
1,382
408
175

10
3
28
16

870
387
159
1,150
70

13
2
10
17
5

186
218
377
901
77

. .

Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

81
410
246
181
701
55

6'
9

ii'
10
2
2

1
1
5
6
1

7
4
4
2
3

4
1
1
1

598
111
417
27
78

2
3

5
3
17
14T

L
L
L
S
U

483
63
1,399
422
172

17
3
36
24

11

ii'

483
63
1,399
422
172

7
2
3
8
2

876
387
166
1,159
73

L
U
S
L
S

876
387
166
1,159
73

15

?'
13
6

1
8
3

?'
9
3

18
3

192
217
383
908
78

6
-1
6
7

S
U
L
U
S

192
217
383
908
78

S
2
12
13
1

3
1

2
I
3

81
421
255
180
703

It
9
-1
2

S
L
S
U
U

81
421
255
180
703

8
12

2
5

53

-2

53

i'
2

For general notes see end of table.

Digitized for FRASER


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

433

i"

L
S
S
U

s
u
s
s

L
U

u
U

-1

18^
21

L
L
L
S
U

885
387
172
1,164
76

L
U

197
218
395
920
79

111

L
U
S

81
427
262
180
704

6
7
1

L
S
U

53

6
5
3

u
u

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1951

State

50 States and District of


Columbia TOTAL. .

In
operation
Jan. 1

Beginning
operation

In
Ceasing operaoperation
tion
Dec. 31

During 1952
Net increase,
or decrease
(-)

Type
of
branching

In
operation
Jan. 1

Beginning
operation

In
Ceasing operaoperation
Dec. 31
tion

Net increase,
or decrease
(-)

Type
of
branching

19,044

401

119

19,326

282

19,326

408

134

19,600

274

Statewide branching States . . .


Limited branching States
Unit banking States

3,264
8,306
7,474

135
227
39

34
65
20

3,365
8,468
7,493

101
162
19

3,365
8,468
7,493

141
220
47

35
79
20

3,471
8,609
7,520

106
141
27

Alabama
Alaska
Arizona
Arkansas
California

251
24
67
251
1,181

3
4
14
2
28

254
27
81
251
1,205

3
3
14
24

L
S
S
U
S

254
27
81
251
1,205

5
3
5
2
40

1
1
1
10

259
29
85
252
1,235

5
2
4
1
30

L
S
S
U
S

158
162
58
64
205

3
11
4
2
12

161
172
60
66
217

3
10
2
2
12

U
S
S
L
U

161
172
60
66
217

4
8
8
1
7

165
180
66
67
223

4
8
6

s
s

439
54
98
893
595

14
1
3
5
12

451
55
100
897
602

12
1
2
4
7

L
S
S
U
L

451
55
100
897
602

7
4
4
3
6

Iowa
Kansas
Kentucky
Louisiana
Miaine

827
612
429
242
134

1
2
8
7
5

2
5
3

826
609
434
249
139

-1
-3
5
7
5

U
U
L
L
L

826
609
434
249
139

3
2
7
7
5

Maryland
Massachusetts
Michigan
Minnesota
Mississippi

283
359
681
686
269

17
13
22

6
2
11

294
370
692
686
273

11
11
11

S
L
L
U
L

294
370
692
686
273

601
110
420
27
77

600
110
418
29
77

-1
-2
2

U
U
U
S
U

600
110
418
29
77

New Jersey
New Mexico
New York
North Carolina
North Dakota

489
66
1,417
443
172

12
8
52
17

17

494
74
1,452
460
172

5
8
35
17

L
L
L
S
U

494
74
1,452
460
172

Ohio
Oklahoma
Oregon
Pennsylvania .
Rhode Island

885
387
172
1,164
76

21
2
28
5

4
2

902
386
174
1,180
68

17
-I
2
16
-8

L
U
S
L
S

902
386
174
1,180
68

South Carolina
South Dakota
Tennessee
Texas
Utah

197
218
395
920
79

7
1
7
6
6

203
219
401
926
84

6
1
6
6
5

S
U
L
U
S

Vermont
Virginia
Washington
West Virginia . .
\Visconsin

81
427
262
180
704

80
435
273
181
705

-1
8
11

52

Colorado
.
Connecticut
Delaware
District of Columbia . .
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana

...
...
...

. .....

^Missouri
Montana
Nebraska
Nevada
New Hampshire

. . .

^Vyoming

53

2
4

i'

1
1
5

9
14
1
1

12'
13
1
1
1
1

L
U

455
58
102
897
607

4
3
2

828
611
437
256
144

2
2
3
7
5

8
13
29
1
3

4
2
7
2
1

298
381
7J4
685
275

4
11
22
1
2

S
L
L
U
L

3
1

599
109
419
30
77

-1
-1
I
1

U
U

15

8
19
I

501
74
1,468
483
175

35
24
3

L
L
L
S
U

27
4
10
40
1

7
3
5
24

922
387
179
1,196
67

5
16
-1

L
U
S
L
S

203
219
401
926
84

11
5
11
8

1
2
2
1

213
222
410
933
89

10
3
9
7
5

S
U
L
U
S

80
435
273
181
705

9'
9
1
1

2
1
3

L
S
U
U

78
443
279
182
704

-2
8
6
1
-1

S
L
S
U
U

-1

52

For general notes see end of table.

Digitized for FRASER


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

i'

434

i'

2
3
1

52

S'

\6
23
3
20

L
S
S
U
L
U

u
L
L
L

u
s
u

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1953
Net increase,
or decrease
(-}

In
Type
of
opera branch- ! tion
Jan. 1
ing

Beginning
operation

19,901

301

19,901

591

250

20,242

3,556
8,809
7,536

85
200
16

3,556
8,809
7,536

203
341
47

94
138
18

3,665
9,012
7,565

262
30
88
252
1,264

3
1
3

262
30
88
252
1,264

11
3
10
3
73

29

L
S
S
U
S

1
1
45

271
33
97
254
1,292

9
3
9
2
28

167
185
69
70
229

2
5
3
3
6

U
S
S
L
U

167
185
69
70
229

1
4
3
2
1

166
193
67
71
238

-1
8
-"2
1
9

3
3
1
6
12

L
S
S

458
61
103
903
619

6
1

11
15

460
62
103
913
627

2
1

458
61
103
903
619

3
3
11
4

1
5
3
1
1

827
609
437
266
147

-1
_2

io

L
L
L

827
609
437
266
147

9
10
6

1
4
9
2
2

827
605
437
274
151

298
381
714
685
275

5
14
27
3
6

2
2
3
5
3

301
393
738
683
278

3
12
24
-2
3

S
L
L
U
L

301
393
738
683
278

12
20
31
2
8

5
3
3

308
410
766
685
283

599
109
419
30
77

599
109
421
30
77

U
U
U
S

599
109
421
30
77

2
1
1
3
1

501
74
1,468
483
175

19
4
55
16

3
1
25
1

517
77
1,498
498
175

16
3
30
15

L
L
L
S
U

517
77
1,498
498
175

25

4
27
3

538
78
1,526
528
177

21

55
33
2

922
387
179
1,196
67

37
1
6
60
3

10
2
2
38
1

949
386
183
1,218
69

27
-1
4
22
2

L
U
S
L
S

949
386
183
1,218
69

30
I
22
86
6

12
1
20
49
2

967
386
185
1,255
73

18
2
37
4

8
1 '"'2
12
2
7
2
4

221
221
422
938
91

8
-1
12
5
2

L
U
S

221
221
422
938
91

8
8
1

5
4

229
222
425
942
92

8
1
3
4
1

78
443
279
182
704

17
12

17
6

78
460
285
182
704

2
17
15
2

2
4
7
1

78
473
293
183
704

13
8
1

52

54

In
operation
Jan. 1

Beginning
operation

19,600

458

157

Statewide branching States. . .


Limited branching States
Unit banking States .

3,471
8,609
7,520

119
302
37

34
102
21

Alabama , ,
Alaska
Arizona
Arkansas
California

259
29
85
252
1,235

4
1
42

1
1
13

165
180
66
67
223

3
9
3
3
6

Hawaii
Idaho
Illinois
Indiana

455
58
102
897
607

10
3
3
6
17

Iowa
Kansas
Kentucky
Louisiana.
Maine

828
611
437
256
144

Maryland
Massachusetts
Michigan .
Minnesota
Mississippi
Missouri

State

50 States and District of


ColumbiaTOTAL

Colorado .
Connecticut
Delaware
District of Columbia
Florida

Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota

......
, . .,

Ohio
Oklahoma .
Oregon . . .
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee.
Texas
Utah

During 1954

...

Vermont .
Virginia...
Washington
West Virginia
Wisconsin. .
Wyoming

213
222
410
933
89

In
Ceasing operaoperation
tion
Dec. 31

7
2

For general notes see end of table.

Digitized for FRASER


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

435

u
u

S
L
S
U

u
u

78
460
285
182
704
54

12
3
10

Net increase,
or decrease
(->

In
Ceasing operaoperation
tion
Dec. 31

3"

2
1

8
3

601
110
420
32
78

54

type
of
branching

341
109
203
29

10
8
-4
8
4
17
28
5
2
-I
2
1

28
30
2

L
S
S
U

s
u
s
s
L
U
L
S
S
U
L
U
U
L
L
L
S
L
L
U
L
U
U

y
u
iL
I,
S
U

L
U
S
L
S
S

L
U

s
s
s
u
u
u

BANKS AND BANK HOLDING COMPANIES


8.1

SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST


COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1955

State

50 States and District of


Columbia TOTAL

During 1956

In
operation
Jan. 1

Beginning
operation

Ceasing
operation

In
operation
Dec. 31

Net increase,
or decrease
(-)

Type
of
branching

In
operation
Jan. 1

Beginning
operation

In
Ceasing operaoperation
tion
Dec. 31

Net increase,
or decrease
(-)

20,242

782

289

20,735

493

20,735

832

236

21,331

596

Statewide branching States . . .


Limited branching States
Unit banking States

3,665
9,012
7,565

250
450
82

86
176
27

3,829
9,286
7,620

164
274
55

3,829
9,286
7,620

253
484
95

60
154
22

4,022
9,616
7,693

193
330
73

Alabama
Alaska
Arizona
Arkansas
California

271
33
97
254
1,292

16

3
1
2

284
32
106
258
1,361

13
-1
9
4
69

L
S
S
U
S

284
32
106
258
1,361

2\
98

16

290
32
126
263
1,443

20
5
82

170
201
68
71
250

4
8
1

U
S
S
L
U

170
201
68
71
250

5
17
3

4
3

23

L
S
S

14
4
5
9
30

. . . .

4
106
4
16
6

37

Colorado
Connecticut
...
Delaware
District of Columbia
Florida

166
193
67
71
238

14

Georgia
Hawaii
Idaho
Illinois
Indiana

460
62
103
913
627

11
3
2
12
14

2
2
2

468
65
103
923
639

827
605
437
274
151

9
1
19
20
6

1
3
5
2
3

Maryland
^Massachusetts
Michigan
Minnesota
Ivlississippi

308
410
766
685
283

12
33
42
4
13

4
12
3

Missouri
Montana
Nebraska

Nevada
New Hampshire

601

420
32
78

7
3
2
5

Iowa
Kansas
Kentucky
Louisiana
Maine

.
.

no

8
5

2
2

12'
8
3

829
603
451
292
154

4
2
14
19
7

4
4
4
2
1

829
601
461
309
160

2
10
17
6

U
U
L
L
L

320
439
796
686
295

12
29
30
1
12

S
L
L
U
L

320
439
796
686
295

14
18
43
3
7

4
5
15
1
3

330
452
824
688
299

10
13
28
2
4

S
L
L
U
L

606
113
421
35
78

5
3
1
3

U
U
U
S
U

606
113
421
35
78

8
1
3

614
114
423
35
76

8
1
2

U
U

-2

u
s
u

558
81
1,548
546
178

20
3
22
18
1

L
L
L
S
U

558
81
1,548
546
178

49
7
85
31
2

23
I
38
6

584
87
1,595
571
180

26
6
47
25
2

L
L
L
S
U

11

1,052
392
202
1,330
83

60
4
8
41
4

L
U
S
L
S

243
225
449
971
102

8
12
17
6

S
U
L
U
S

77 . . . . . .^.
511
322
11
182
1
701
-2

S
L
S
U
U

992
388
194
1,289
79

25
2
9
34
6

L
U
S
L
S

992
388
194
1,289
79

71
4
9
74
4

229
222
425
942
92

12
4
14
15
7

6
1
2
3
3

235
225
437
954
96

6
3
12
12
4

L
U

235
225
437
954
96

12
1
15
22
11

4
1
3
5
5

78
473
293
183
704

2
21
28

3
2
10
2
1

77
492
311
181
703

-1
19
18
-2
-1

L
S
U
U

77
492
311
181
703

1
24
23
1
1

1
5
12

54

Wyoming

. .

54

54

For general notes see end of table.

Digitized for FRASER


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

L
S
S
U
L

U
U
L
L
L

3
49

. .

U
4
2
9
24

s
s

2
-2
14
18
3

36
2
12
83
6

23

L
U

829
603
451
292
154

967
386
185
1,255
73

Vermont
Virginia
Washington
West Virginia
Wisconsin

Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah

5
13

12

16'

32
4
86
22
1

11

175
214
68
71
273
479
69
105
932
663

538
78
1,526
528
177

12

L
S
S
U
S

468
65
103
923
639

New Jersey
New Mexico
New York
North Carolina
North Dakota

64
4

Type
of
branching

436

s
s

33

3'

54

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued

During 1957

State

50 States and District of


ColumbiaTOTAL..

In
operation
Jan. 1

Beginning
opera' tion

Net increase,
or decrease
(-)

Type
In
of
operabranch- ; tion
ing
Jan. 1

21,878

547

21,878

796

J98

22,476

598

4,214
9,924
7,740

247
454
95

48
129
21

4,413
10,249
7,814

199
325
74

299
34
138
266
1,515

4
3
14
6
85

10
2!
2
4
10

21,331

739

192

4,022
9,616
7,693

258
417
64

66
109
17

Alabama
Alaska
Ari/ona
Arkansas
California

290
32
126
263
1,443

10
2
17
3
91

175
214
68
71
273

6
22
2
3
10

Georgia
Hawaii
Jdaho
Illinois
Indiana

479
69
105
932
663

7
3
6
12
31

Iowa
Kansas
JCentucky
Lou is id ritt
Maine

829
601
461
309
160

3
3
12
15
9

4
1
1

330
452
824
688
299

15
21
33
2
13

614
114
423
35
76

1
2

Maryland
Massachusetts
Michigan
Minnesota
Mississippi

. .
. .

. .
.

....

....

Missouri
. .
Montana
Nebraska
Nevada
New Hampshire

.....

5
13
I
2
10

U
S
L
U

ISO
227
69
73
283

481
72
106
943
687

2
3
1
11
24

L
S
S
U
L

481
72
106
943
687

9
6
3
7
25

831
600
472
323
168

11
14
8

L
L
L

831
600
472
323
168

10
10
19
9

3
3
6

5
6
13
1

340
467
844
689
311

10
15
20
1
12

S
L
L
U
L

340
467
844
689
311

19
30
53
4
8

612
116
423
38
77

-2
2

U
U

u
s
u

612
116
423
38
77

2
1
~>

605
91
1,638
597
180

21
4
43
26

L
L
L
S
U

605
91
1,638
597
180

13

64
31
3

33
13

1,102
393
212 I
1,367
88

50
1
10
37
5

L
U
S
L
S

1,102
393
212
1,367
88

64
10
10
78
7

9
1

254
225
466
983
115

11

S
U
L
U

254
225
466
983
115

19
I
17
15
2

2
4

S
L
S
U
U

77
530
332 i
183
702

12
18
12

1
2
2

5
5
1
7

3
1

Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island

1,052
392
202
1,330
83

59
1
11
62
5

South Carolina
South Dakota
Tennessee
Texas
Utah

243
225
449
971
102

17
1
17
15
17

6
1

Vermont
Virginia
\Vashington
West Virginia
Wisconsin

77
511
322
182
701

2
22
15
1
3

2
3
5

7
28
4
9
1
25

3
4

77
530
332
183
702
54

For general notes see end of table.

Digitized for FRASER


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

!
;

180
227
69
73
283

19

28
4
71
30

54

192 . . . . . . . .
308
47

Beginning
operation

9
2
12
3
72

584
87
1,595
571
180

Wyoming

4,214
9,924 i
7,740 t

299
34
138
266
1,515

New Jersey
New Mexico
New York
North Carolina
North Dakota

. .

1
Net inIn
crease, i' Type
Ceasing operaor deof
operation
crease branchtion
Dec. 3 1
ing
1")

In
Ceasing operaoperation
tion
Dec. 31

Statewide branching States. . .


Limited branching States
.
Unit banking States.

Colorado
Connecticut
.
Delaware
District of Columbia
Florida

Do tin g 1958

437

i'

17
12
13
19
10
1
1

|
s

54

1
10
3
8
4

2
9
4
11
1

' ' i!

31
1
1

301
37
151 i
272
1,590
187
240
71
73
293

2
3
U
6

L
S
S
U

10

"'!

s
u
s
s
L

486
78
109
950
707

5
6
3
7
20

833
607
476
342
175

2
7
4
19
7

L
L
L

350
493
886
692
318

10
26
42
3
7

S
L
L
U
L

617
116
425
39
78

5
2
1

U
U

u
s
u

629
96
1,669
615
182

24
5
31
18
2

1,157
402
220
1,414
94

55
9
8
47
6

L
U
S
L
S

272
226
481
994
117

IB

88
546
342
183
704

11
16
10

u
u

53

i j

15 !
11

L
S

L
U
S
L
IT
U

BANKS AND BANK HOLDING COMPANIES


8.1

SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST


COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1959

During 1960

In
operation
Jan. 1

Beginning
operation

Ceasing
operation

In
operation
Dec. 31

Net increase,
or decrease
(-)

22,476

882

228

23,130

4,413
10,249
7,814

290
468
124

70
140
18

4,633
10,577
7,920

301
37
151
272
1,590

19
5
9
7
101

5
2
20

315
42
160
277
1,671

14
5
9
5
81

Colorado
Connecticut
Delaware
District of Columbia
Florida
.

187
240
71
73
293

7
25
9
4
16

1
7
7
1
2

193
258
73
76
307

6
18
2
3
14

Georgia
Hawaii
Idaho
Illinois
Indiana

486
78
109
950
707

17
11
4
11
30

3
2
11

500
89
113
959
726

833
607
476
342
175

13
9
17
8
4

2
3
3
1
2

350
493
886
692
318

22
37
47
1
8

6
8
17

617
116
425
39
78

16
1
5
4

State

50 States and District of


ColumbiaTOTAL
Statewide branching States . . .
Limited branching States
Unit banking States
Alabama
Alaska
Arizona
Arkansas
California

....

Iowa
Kansas
Kentucky
Louisiana
Muine

Maryland.
Massachusetts
Michigan
Minnesota
Mississippi

Missouri .
Montana
Nebraska
New Hampshire

Net increase,
or decrease
C-)

In
operation
Jan. 1

Beginning
operation

654

23,130

1,018

194

23,954

824

220
328
106

4,633
10,577
7,920

357
506
155

59
111
24

4,931
10,972
8,051

298
395
131

315
42
160
277
1,671

13
11
29
6
135

328
46
189
283
1,793

13
4
29
6
122

L
S
S
U
S

8
13
1
1
16

2
3

L
U

193
258
73
76
307

199
268
74
77
323

6
10
1

u
s
s

16

L
U

14
11
4
9
19

L
S
S
U
L

500
89
113
959
726

30
10
2
13
37

3
1
2
9

527
98
115
970
754

27
9
2
11
28

L
S
S
U
L

844
613
490
349
177

11
6
14
7
2

U
U
L
L
L

844
613
490
349
177

13
5
18
18
12

6
7
1
9

856
612
501
366
180

12
-1
11
17
3

U
U
L
L
L

366
522
916
693
325

16
29
30
1
7

S
L
L
U
L

366
522
916
693
325

26
27
49
2
4

8
4
7

384
545
958
695
329

18
23
42
2
4

S
L
L
U
L

632
117
429
43
78

15
1
4
4

U
U
U
S

21
5
10
2
1

651
122
438
44
78

19
5
9
1

U
U
U

632
117
429
43
78

9
2
23
15

656
101
1,718
644
183

27
5
49
29
1

L
L
L
S
U

656
101
1,718
644
183

42
10
89
60
3

689
111
1,786
691
185

33
10
68
47
2

L
L
L
S
U

Type
of
branching

L
S
S
U

s
u
s
s

In
Ceasing operation
operation
Dec. 31

7'
13

1
1
1

Type
of
branching

s
u

629
96
1,669
615
182

72
44
1

1,157
402
220
1,414
94

54
5
16
71
5

25
1
4
23

1,186
406
232
1,462
99

29
4
12
48

L
U
S
L
S

1,186
406
232
1,462
99

46
9
17
58
2

9
3
3
24

1,223
412
246
1,496
100

37
6
14
34
1

L
U
S
L
S

South Carolina
South Dakota
Tennessee, . . .
Texas
Utah

272
226
481
994
117

11
1
15
25
3

4
2
1
1

279
227
494
1,018
119

7
1
13
24
2

S
U
L
U
S

279
227
494
1,018
119

15
7
21
23
6

2
1
2
2
1

292
233
513
1,039
124

13
6
19
21
5

S
U
L
U

Vermont
Virginia
.
Washington
West Virginia
Wisconsin

88
546
342
183
704

4
22
17
1
4

2
4
4
1
1

90
564
355
183
707

2
18
13

2
31
26

3'

L
S
U
U

90
564
355
183
707

3
6
3
1
1

89
589
378
182
717

-I
25
23
-1
10

L
S
U
U

53

54

54

56

New Jersey . .
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island

. .

. ..
- ...

Wyoming

36

For general notes see end of table.

Digitized for FRASER


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

438

11

9
21
13
1

s
s

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1961

In
Ceasing operaoperation
Dec. 31
tion

Net increase,
or decrease
(-)

210

24,782

55
129
26

5,199
11,428
8,155

1
1
17

336
49
210
293
1,914

8
3
21
10
121

4
22
1
4
15

1
4
1
1
1

202
286
74
80
337

3
18

527
98
115
970
754

26
5
5
12
31

856
612
501
366
180

14
10
20
17
9

384
545
958
695
329

In
operation
Jan. 1

Beginning
operation

23,954

1,038

4,931
10,972
8,051

323
585
130

328
46
189
283
1,793

9
3
21
11
138

Colorado
Connecticut
Delaware
District of Columbia .
Florida
. . .

199
268
74
77
323

Hawaii
Idaho. ,

. ...

Indiana

. ...

State

50 States and District of


Columbia-TOTAL
Statewide branching States . . .
Limited branching States
Unit banking States
Alabama
Alaska
Arizona .
Arkansas
California

Kansas
Kentucky

]vlaine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi

....

. .....
.

....
,

Missouri
.
M^ontana
Nebraska
Nevada .
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota

. ..
.....

Ohio
Oklahoma . . . ,
Oregon
Pennsylvania .
Rhode Island

.......
.....

South Carolina
South Dakota .
Tennessee
. .
Texas .
...
Utah
Vermont , , ,
Virginia
Washington
West Virginia
Wisconsin
Wyoming

. .
....
.....

........

. .

During 1962

Beginning
operation

828

24,782

1,221

235

25,768

986

268
456
104

5,279
11,425
8,078

442
591
188

63
143
29

5,658
11,873
8,237

379
448
159

L
S
S
U
S

336
49
210
293
1,914

9
12
15
191

TI
1

347
55
221
308
2,097

11
6
11
15
183

L
S
S
U
S

3
14

U
S
S
L
U

202
286
74
80
337

10
18
2
4
23

212
297
75
84
359

10
11
1
4
22

U
S
S

546
103
120
980
782

19
5
5
10
28

L
S
S
U
L

546
103
120
980
782

17
15
5
25
30

3
1
2
7

560
118
124
1,003
805

14
15
4
23
23

5
2
2

864
622
516
381
187

8
10
15
15
7

U
U
L
L
L

864
622
516
381
187

9
11
20
19
18

7
2
1
1
4

866
631
535
399
201

19
18
14

18
40
45
1
14

4
8
13
1
1

398
577
990
695
342

14
32
32

398
577
990
695
342

39
41
60
5
14

15
10
7

13

S
L
L
U
L

422
608
1,043
700
354

651
122
438
44
78

13
2
7
4

663
124
442
48
77

12
2
4
4
-1

U
U
U
S
U

663
124
442
48
77

9
2
5
4

1
2

689
111
1,786
691
185

41
10
114
47
2

24
17

718
121
1,876
721
187

29
10
90
30
2

L
L
L
S
U

718
121
1,876
721
187

53
10
102
63

12
2
23
13

759
129
1,955
771
190

41
8
79
50
3

L
L
L
S
U

1,223
412
246
1,496
100

63
11
11
82

14
3
2
28

1,272
420
255
1,550
100

49
8
9
54

L
U
S
L
S

1,272
420
255
1,550
100

49
7
8
77
14

13
3
1
42

1,308
424
262
1,585
114

36
4
7
35
14

292
233
513
1,039
124

22
3
21
17
3

4
2
4

310
236
532
1,052
127

18
3
19
13
3

S
U
L
U
S

310
236
532
1,052
127

23
11
19
41
9

5
1
2
2
4

328
240
549
1,091
132

18
4
17

89
589
378
182
717

4
39
19

3
6
3
1
1

90
622
394
181
724

1
33
16
-1
7

S
L
S
U
U

90
622
394
181
724

3
51
23
2
9

2
14
2
1

91
659
415
182
732

56

56

2
3

3*
1
12

56

1
2

Changed from limited to statewide.


Changed from unit to limited.
For general notes see end of table.

Digitized for FRASER


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

Net increase,
or decrease
(-)

In
operation
Jan. 1

439

Type
of
branching

In
Ceasing operaoperation
tion
Dec. 31

8
7
1
1

Type
of
branching

is

L
S
S
U
L

aj

24

31
53
12

671
8
126
3
445
52
4
77 . . . . . . . .

57

U
U
L
L
L
S
L
L
U
L
U
U
U
S
=L

V
L
S

S
U
L
U
S

'!

S
L
S
U
U

BANKS AND BANK HOLDING COMPANIES


8.1

SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST


COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1963

In
Ceasing operaoperation
tion
Dec. 31

Net increase,
or decrease
(-)

212

27,064

74
121
17

6,827
11,757
8,480

I
1

371
63
244
319
2,282

24
8
23
U
185

234
322
80
90
401

In
operation
Jan. 1

Beginning
operation

Ceasing
operation

In
operation
Dec. 31

Net increase,
or decrease
(-)

1,296

27,064

1,497

191

28,370

1,306

510
543
243

6,827
11,757
8,480

554
694
249

55
117
19

7,326
12,334
8,710

499
577
230

L
S
S
U
S

371
63
244
319
2,282

25
2
20
17
202

2
2
1
1
6

394
63
263
335
2,478

23
19
16
196

L
S
S
U
S

22
25
5
6
42

234
322
80
90
401

20
33
4
9
40

254
352
84
99
441

20
30
4
9
40

U
S
S
S
U

23
6
14

L
S
S

31

583
124
138
1,013
836

19
3
9
24
43

5
3
3

583
124
138
1,013
836

600
127
144
1,035
872

17
3
6
22
36

L
S
S
U
L

25
8
17
24
7

5
1
6
4
2

886
638
546
419
206

20
7

886
638
546
419
206

13
7
17
26
3

3
1
2

20
5

U
U
L
L
L

896
644
561
445
209

10
6
15
26
3

U
U
L
L
L

422
608
1,043
700
354

42
41
63
15
17

9
9
11

455
640
1,095
715
371

33
32
52
15
17

S
L
L
U
L

455
640
1,095
715
371

39
50
82
14
17

3
5
11

491
685
1,166
729
387

36
45
71
14
16

S
L
L
U
L

671
126
445
52
77

17
2
12
7
3

684
128
455
59
80

13
2
10
7
3

U
U
U
S
L

684
128
455
59
80

16
4
7
7
16

1
3

699
132
459
66
93

15
4
4
7
13

U
U

759
129
1 ,955
771
190

60
12
136
64
7

12
1
29
7

807
140
2,062
828
197

48
11
107
57
7

L
L
L
S
U

807
140
2,062
828
197

66
9
127
46
10

10
2
23
6

863
147
2,166
868
207

56
7
104
40
10

L
L

1,308
424
262
1,585
114

74
12
23
108
2

15
1

1,367
435
285
1,669
116

59
11
23
84
2

L
U
S
L
S

1,367
435
285
1,669
116

59
18
17
106
7

i"

1,418
453
300
1,739
122

51
18
15
70
6

L
U
S
L
S

328
240
549
1,091
132

35
4
18
54
16

2
1
1

355
244
565
1,144
147

27
4
16
53
15

S
U
L
U

355
244
565
1,144
147

26
1
29
40
12

5
4
1

375
245
589
1,180
J58

20
1
24
36
11

S
U
L
U
S

91
659
415
182
732

3
73
25

2
22
3

I
51
22

S
iS
S

92
710
437
182
741

7
69
42
4
9

16
4
2
2

98
763
475
184
748

6
53
38
2
7

S
S
S

92
710
437
182
741

57

64

64

69

In
operation
Jan. 1

Beginning
operation

. . . . 25,768

1,508

6,317
11,214
8,237

584
664
260

...
...

347
55
221
308
2,097

25
9
23
U
194

Colorado
. ...
Connecticut
Delaware
District of Columbia . .
Florida

...
...
..
...
...

212
297
75
84
359

22
31
5
7
42

Georgia
Hawaii
Idaho
Illinois
Indiana

...

560
118
124
1,003
805

25
6
19
13
34

866
631
535
399
201

State

50 States and District of


Columbia=-TOTAL

Statewide branching States. . .


Limited branching States
Unit banking States. .
...
Alabama
Alaska
Arizona
Arkansas
California

.
....
.

...

..
..

....
. ...

...

Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi

...

...

Missouri
....
M^ontsna
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee .
Texas
Utah

..

. .
..

Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

. .

....

During 1964

9
6

24*
8

io

9"

Changed from limited to statewide.


For general notes see end of table.

Digitized for FRASER


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

440

Type
of
branching

S
S
S

u
u

u
u
u

3"
2
7

36
1
6

branching

u
S
L

S
U

u
u
u

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1966

During 1965

State

50 States and District of


Columbia TOTAL. . .

In
operation
Jan. 1

Beginning
operation

In
Ceasing operation
operation
Dec. 31

Net increase,
or decrease
<-)

Ty

of
branching

In
operation
Jan. 1

Beginning
operation

In
Ceasing operaoperation
tion
Dee. 31

Net increase,
or decrease
("1

Type
of
branching

28 , 370

1,402

216

29,556

1,186

29,556

1,333

216

30,673

Statewide branching States . . . 7,326


Limited branching States
12,334
Unit banking States
8,710

482
739
181

74
109
33

7,734
12,964
8,858

408
630
148

7,734
12,964
8,858

425
758
150

72
103
41

8,087
13,619
8,967

353
655 i
109

Alabama
Alaska
Arizona
Arkansas
California

394
63
263
335
2,478

32
2
13
21
169

32
2
13
19
145

L
S
S
U
S

426
65
276
354
2,623

28
2
25
15
122

2
24

426
65
276
354
2,623

453
67
300
365
2,730

27
2 i
24 i
11
107

L
S
S
U
S

254
352
84
99
441

6
32
3
4
20

2
3
2

258
381
85
103
461

4
29
1
4
20

U
S
S
U

258
381
85
103
461

3
22
6
5
5

U
S

600
127
144
1,035
872

33
3
8
23
32

8
2
2
11

625
128
152
1,056
893

25
1
8
21
21

S
S
U
L

625
128
152
1,056
893

637
131
165
1,066
926

12
3
13
10
33

L
S
S
U
L

896
644
564
445
209

21
7
21
20
12

9
3
4
3
2

908
648
578
462
219

12
4
17
17
10

U
U
L
L
L

908
648
578
462
219

924
654
591
506
227

16
6
13
44
S

U
U

491
685
1,166
729
387

27
50
92
3
32

2
6
11

516
729
1,247
732
417

25
44
81
3
30

S
L
L
U
L

516
729
1,247
732
417

28
53
99
2
40

7
6
11
2
8

537
776
1 ,335
732
449 1

21
47
88
32

S
L
L
U
L

699
132
459
66
93

21
2
7
6
8

718
134
464
72
101

19
2
5
6
8

U
U
U
S
L

718
134
464
72
101

15
2
5
9
7

1
1

732 i
135
468
79
108

14
1
4
7
7

U
U
U
S
L

863
147
2,166
868
207

51
13
129
25
13

906
159
2,276
883
218

43
12
110
15
11

L
L
L
S
U

906
159
2,276
883
218

43
6
135
57
13

944
165
2,396
927
228

38
6
120
44
10

L
L
S
U

1,418
453
300
1,739
122

81
6
18
94
14

1,490
459
316
1,809
136

72
6
16
72
14

L
U
S
L
S

1,490
459
316
1,809
136

64
5
9
106
3

1,546
462
325
1,84
139

56
3
9
75
3

L
U
S
L
S

375
245
589
1,180
158

31
5
39
17
7

7
4
1

399
246
627
1,194
165

24
1
38
14
7

S
U
L
U
S

399
246
627
1,194
165

33
7
51
13
3

430
250
676
1,200
166

31
4
49
6

S
U
L
U
S

98
763
475
184
748

8
75
37
3
5

1
18
3

105
820
509
187
751

7
57
34
3
3

S
S
U
U

105
820
509
187
751

3
60
16
3
14

107
863
519
190
764

410i

S
S
S
U
U

69

70

70

...

Colorado
Connecticut
Delaware .
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana

. .

Kansas
Kentucky
Louisiana
Maine
Maryland
Ma ssachusetts
Michigan ,
Mimics o til
Mississippi

Nebraska
Nevada
New Hampshire

. ...

. . .

New Jersey
New Mexico
New York .
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island

. . .
..,

South Carolina
Tennessee
Texas
Utah
Vermont
Virginia
Washington .
West Virginia
Wisconsin

Wyoming

8
19
10
2
9
2
24

For general notes see end of table.

Digitized for FRASER


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

441

1
4
15

4
7
3
25
6 ........
6
1
6
23
5
13
12
37

11
2
2
4

6
22
9
13 . . . . . . . .
45
8

2
5

"""is"
13
3

S
2
31
2
3
2
7
2
17

261
403
91 !
108
466

70

1,117

3
13

S
U

L
L

BANKS AND BANK HOLDING COMPANIES


8.1

SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST


COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1967

State

During 1968
Net increase,
or decrease
(-)

In
operation
Jan. I

Beginning
operation

30,673

1,250

271

31,652

8,087
13,619
8,967

483
630
137

105
132
34

8,465
14,117
9,070

453
67
300
365
2,730

25
6'
16
173

I
1
24
3
33

477
66
282
378
2,870

24
-1
-18
13
140

261
403
91
108
466

6
23
4
2
7

4
2
2

263
424
93
110
471

Georgia .
Hawaii . .
Idaho
Illinois
Indiana

637
131
165
1,066
926

26
3
3
20
38

10

Iowa
Kansas
Kentucky
Louisiana
Maine

924
654
591
506
227

11
11
28
27
11

537
776
1,335
732
449
732
135
468
79
108

50 States and District of


Columbia TOTAL
Statewide branching States . ,
Limited branching States. . . . .
Unit banking States
Alabama
Alaska. , .
Arizona
Arkansas
California

...

Colorado
Connecticut
Delaware
District of Columbia
Florida.

Maryland
Massachusetts
^Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
N e w Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon .
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee. .
Texas. . .
Utah
Vermont
Virginia
^Vashington
West Virginia
Wisconsin
Wyoming

...

. . .

. ...

. .

In
Ceasing operaoperation
tion
Dec. 31

Net increase,
or decrease
(-)

In
operation
Jan. 1

Beginning
operation

979

31,652

1,266

227

32,691

1 ,039

378
498
103

8,956
14,649
8,047

476
641
149

128
85
14

9,304
15,205
8,182

348
556
135

L
S
S
U
S

477
66
282
378
2,870

29
2
15
U
139

2
1
6

504
67
291
389
2,955

27
1
9
11
85

L
S
S
U
S

2
21
2
2
5

U
S
S
S
U

263
424
93
471

4
19
5
4
17

267
441
97
114
486

4
17
4
4
15

S
S
U

653
134
167
1,085
959

16
3
2
19
33

L
S
S
U
L

653
134
167
1,085
959

27

23

L
S

36
36

2
4

676
134
168
1,119
991

34
32

U
L

1
6
5
2

934
659
614
531
238

10
5
23
25
11

U
U
L
L
L

934
659
614
531
238

24
3
18
27
7

955
662
632
558
243

21
3
18
27
5

U
U
L
L
iS

29
39
70

2
9
15

27
30
55

24

564
806
1,390
732
469

20'

S
L
L
U
L

564
806
1,390
732
469

29
42
55
2
17

2
1
6
1
5

591
841
1,439
733
481

27
35
49
I
12

S
L
L
U
L

13
4
7
5
5

3
1
3

742
138
472
84
113

10
3
4
5
5

U
U
U
S
L

742
138
472
84
113

11
2
6
3
6

752
140
478
87
118

10
2
6
3
5

U
U
U
S
L

944
165
2,396
927
228

51
9
95
76
6

10

985
173
2,463
987
233

41
8
67
60
5

L
L
L
S
U

985
173
2,463
987
233

46
5
87
80
5

5
17
16

1,026
177
2,533
1,051
238

41
4
70
64
5

L
L
L
S
U

1,546
462
325
1 ,884
139

63
6
13
87
26

1,600
468
335
1,943
163

54
6
10
59
24

L
U
S
L
S

1,600
468
335
1,943
163

65
12
24
102
9

10
1
2
17
1

1,655
479
357
2,028
171

55
U
22
85
8

L
U
S
L

430
250
676
1,200
166

29
4
32
14

453
253
703
1,208
167

23
3
27
8
1

S
U
L
U
S

453
253
703
1,208
167

25
4
21
10
5

9
1
4
4
3

469
256
,720
1 ,214
169

16
3
17
6
2

107
863
519
190
764

8
50
32
4
8

1!3
906
547
194
770

6
43
28
4
6

S
S
S
U
U

113
906
547
194
770

4
63
38
5
58

23
4

116
946
581
199
826

3
40
34
56

3L

70

71

70

i'
5

28
16
9
3'
28
2
6
1
6
2
7
4

70

1
Changed
2
Changed
3

from limited to statewide.


from unit to statewide.
From unit to limited.
For general notes see end of table.

Digitized for FRASER


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

Ty

442

oF
branching

no

In
Ceasing operaoperation
tion
Dec. 31

54'
2
1

Type
of
branching

S
2S

L
U
S
S
S
S
U

BANKS AND BANK HOLDING COMPANIES


8.1 SUMMARY OF CHANGES IN OFFICES OF COMMERCIAL BANKS AND NONDEPOSIT TRUST
COMPANIES, BY STATE, ANNUALLY, 1941-70Continued
During 1969
State

50 States and District of


Columbia -TOTAL

In
operation
Jan. 1

Beginning
operation

In
Ceasing operaoperation
tion
Dec. 31

Net increase,
or decrease
(-)

During 1970

-1

Type
of
branching

operation
Jan. 1

Beginning
operation

Ceasing
operation

In
operation
Dec. 31

Net increase,
or decrease
(-)

Type
of
branching

32,691

1,404

237

33,858

1,167

33,858

1,741

269

35,330

1,472

9,304
Statewide brunching.States. .
Limited branching States. . . . . 15,205
8,182
Unit banking States

494
747
163

91
114
32

9,707
15,838
8,313

403
633
131

9,707
15,838
8,313

625
908
208

103
151
15

10,229
16,595
8,506

522
757
193

504
67
291
389
2,955

12
5
24
16
113

1
3
4
1
13

515
69
311
404
3,055

20
15
100

515
69
311
404
3,055

29
4
26
12
150

544
73
335
415
3,185

29
4
24
11
130

267
441
97
114
486

13
31
2
1
18

1
5
1
1

279
467
98
114
504

12
26
1

279
467
98
114
504

10
32
9
5
29

2
2
2

289
497
105
117
533

10
30
7
3
29

s
u
s
s
s
u

676
134
168
1,119
991

32
8
8
47
27

5
2
1
4
7

703
140
175
1,162
1,011

27
6
7
43
20

L
S

703
140
175
1,162
1,011

38
11

4
1
2

737
150
180
1,206
1,039

34
10
5
44
28

L
S
S
U
L

955
662
632
558
243

21
4
22
33
It

10
2
3
1
1

966
664
651
590
253

11
2
19
32
10

966
664
651
590
253

21
8
25
34
23

3
2
5

984
670
671
624
269

IB
6
20
34
16

U
U
L
'L
S

591
841
1,439
733
481

24
37
60
1
28

2
4
14

22
33
46

S
L
L
U
L

613
874
1,485
734
502

33
37
68
7
28

10
5
19
1

636
906
1,534
740
530

23
32
49
6
28

613
874
1,485
734
502

752
140
478
87
118

5
2
4
3
14

4
1
1
1
4

753
141
481
89
128

1
3
2
10

U
U
U

13
4

1
u

764
145
483
94
137

11
4
2
5
9

753
141
481
89
128

.....

..

110
8
99
89

17

1,119
185
2,618
1,125
237

93
8
85
74
1

L
L
L
S
U

1,119
. 185
2,618
1,125
237

136
11
154
109
3

26

...
.

1,026
177
2,533
1,051
238

20
17

1,229
196
2,752
1,217
240

110
U
134
92
3

L
L
L
S
U

1,655
479
357
2,028
171

92

14
104
6

1
24
3

1,738
484
370
2,108
174

83
5
13
80
3

L
U
S
L
S

1,738
484
370
2,108
174

96
13
20
128
11

14
3
4
38
1

1,820
494
386
2,198
184

82
10
16
90
10

L
U
S
L
S

469
256
720
1,214
169

33
3
35
26
11

17
2
1
7
3

485
257
754
1,233
177

16
1
34
19
8

S
S
L
U
S

485
257
754
1,233
177

41
4
49
35
15

6
2
7
1
5

520
259
796
1,267
187

35
2
42
34
10

S
S
L
U
S

116
946
581
199
826

7
61
40
1
33

1
9
6

122
998
615
200
856

6
52
34
1
30

7
70
43
5
32

I
10
9

128
1,058
649
205
881

6
60
34
5
25

122
998
615
200
856

71

72

72

Alabama.
Alaska
Arizona . .
California
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Iowa
Kansas
Kentucky
Louisiana
Maine

Maryland
Massachusetts
Michigan
Minnesota
Mississippi

...........

Missouri
Montana
Nebraska
Nevada.
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island

.. ...
. ..

South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont, .
Virginia.
Washington
West Virginia
Wisconsin

. .

...

Wyoming

14
15
1

S s= Statewide branching States.


L ~ Limited branching States.
U = Unit banking States.

Digitized for FRASER


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

443

11

18

21

L
S

s
u
s
u
s
s
s
u
s
u
L

u
L
L
S

s ,
s
u

44
32

20

72

L
S
S
U

u
u
s
L

s
s
u

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70
A. DETAILS BY STATES, December 31, 1956
Number of offices

Deposits

Banks and branches


Number of
companies 1

State

Banks

As a
percentage
of all
commercial
banking
offices

Branches
Total

Total 36 States
Alabama
Arizona
Arkansas
California
Colorado

...

428

I
1
I
4
1

1
2
1
5
3

1
5
6
2
2

1
15
24
5
5

3
3
2
1

5
' 14
3
2
3

4
4
3
4
1

24
117
13
30
5

117
6

141
123
13
30
5

1
1
1
9
3

2
5
5
24
34

20

2
1

23
1
1
11
11

District of Columbia
Florida
Georgia . . . .
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Maine

Massachusetts.
Minnesota
Missouri
Montana
Nebraska . . . .

....
.

Nevada
New Hampshire
New Mexico
New York
North Dakota

Ohio
Oklahoma . . .
Oregon
South Dakota .
Tennessee
Texas
Utah
Virginia . . . .
Washington
Wisconsin . .
^Vyoming

2
3
4
2
3
3
3

. .

41
127
1
21
33
2
9
14
7

26
73
23
5

10
2
4
5
8
4

38
3
40
14

Type of
branching a

I
43
1
132
3

.4
35.8
.4
9.4
1.8

2
297
5
1,359
73

34^7
.5
6.9
4.5

L
S
U
S
U

2
15
45
38
5

3.0
5.8
9.6
36.5
,5

73
456
859
230
134

5.2
12.4
35.3
41.5
,8

L
U
L
S
U

7
23
3
16

1.1
2.8
.5
3.5
6.4

93
200
199
178
31

2.2
7.4
9.5
8.5
5.3

L
U
U
L
L

31.3
17.9
2.1
26.3
1.2

994
2,252
488
389
148

20.1
62.1
8.7
53.4
9,9

L
U
U
U
U

22
5
12
175
39

66.7
6.6
14.6
11.1
21.7

234
34
81
2,046
241

75.9
9.3
14.2
5.3
37.1

S
U
L
L
U

49
1
74
34
16

4.7
.3
36.6
15.2
3.6

606
3
809
191
92

6.0
.1
44.6
32.4
3.4

L
U
S
U
L

10
40
7
45
22
4

1.1
41.2
1.4
14.2
3.1
7.6

364
409
43
329
841
62

3.5
48.4
1.5
13.2
21.7
18.1

U
S
L
S
U
U

to

7
151
5

As a
percentage
of alt
commercial
bank
deposits

14,845

1,211

783

353

In
millions
of dollars

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1956


Type of branching 2
Item
L

Number of
States
Companies *
Banking offices:
Total
Banks
Amounts (millions of
dollars) :
Deposits (all commercial banks)...

Digitized for FRASER


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

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

36 States
Holding
company
groups

7
14

12
35

17
42

394
22
372

481
127
35

336
279
57

1,211
428
783

15,930
10 899
5 031

7.6

3,667

5,098

6,080

14,843

156,012

9.5

444

1
Data for each State represent the numbers
of bank holding companies having subsidiary
banks in that State rather than the number
of registered bank holding companies whose
principal
offices are located in the State.
2
S = Statewide branching States.
L = Limited branching States.
U = Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 47 separate
bank groups because in 6 instances the bank
group is controlled by a bank holding company that is in turn controlled by another
bank
holding company.
4
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A,

DETAILS BY STATES, December'31, 1957


Deposits

Number of offices
Banks and branches
Number of
companies 1

State

Total 33 States
Arizona
California
Colorado
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas.

.
.

350

417

851

1,268

1
4
1
4
6

2
5
3
14
23

52
143

54
148

24""

2
2
3
3
2

2
5
5
14
3

36

3
4
3

2
3
22
117
13

4
1
1
1
I

31
5
2
5
5

9
3
2
1
1

23
34
23
1
1

162
5
29

2
3
3
2
3

11
11
8
3
4

23
6

....

South Dakota
Tennessee
Texas
Utah
Virginia

.....

Total

.. .

Montana
Nebraska .
Nevada
New Hampshire
New Mexico
New York
North Dakota
Ohio
Oklahoma
Oregon

Branches

...

Kentucky. , , .
Maine
Massachusetts
Minnesota
Missouri

Banks

...
.

Washington
Wisconsin
Wyoming

3
3
2

Asa
percentage
of all
commercial
i
bank
deposits

Type of
branching-

15,139
347
1,447
77
471
870

38.2
7.0
4.5
11.5
34.7

S
S

47

40.9
10.0
1.7
5.2
9.9

38
S
7
23
3

36.2
.5
1.0
2.8
.5

232
137
93
218
186

40.4
.9
2.2
7.6
9.0

2
9
15
8
118
6

17
11
140
123
13

3.6
6.7
30,1
17.9
2.1

170
29
1,002
2,313
489

7.9
5.0
20.2
61.7
8.7

L
L
L
U
U

31
5
24
5
13

27.0
1.2
64.9
6.6
15.1

404
148
248
34
80

53.4
10.2
74.9
9.5
13.5

185
39
52
1
76

11.4
21.7
4.7
.3
35.9

2,132
265
617
3
789

44^5

L
U
L
U
S

34
17
8
49
7

15.2
3.7
.8
44.6
1.4

207
97
309
443
46

32,9
3.5
3,0
52.7
1.6

U
L
U
S
L

49
23
4

15.0
3.3
7.6

339
835
62

13,6
20.9
17.1

S
U

22
8""

75""

46
3
44
15

5
8
4 -

In
millions
of dollars

Asa
percentage
of all
commercial
banking
offices

,1

I
i

i
I

5,4
37.8
6.0

u
u
L
u

L
U
U

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1957


Type of branching 2
Item
L

Number of
States. . . 4
Companies
Banking offices:
Total
Banks
Branches
Amounts (millions of
dollars):
Deposits (all commercial banks). . ,

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

33 States
Holding
company
groups

7
14

10
32

16
39

438
20
418

496
121
375

334
276
58

1 268
417
851

15 667
10 387
5,280

5 9

3,845

5,136

6,158

15,139

155,193

7.5

Digitized for FRASER


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

445

1
Data for each State represent the numbers
of bank holding companies having subsidiary
banks in that State rather than the number of
registered bank holding companies whose
principal offices are located in the State.
* S Statewide branching States,
L = Limited branching States.
U = Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 44 separate bank
groups because in 6 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company.
4
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY 1956-70 Continued
A. DETAILS BY STATES, December 31, 1958
Number of offices

Deposits

Banks and branches


Number of
companies1

State

Banks

Branches
Total

Asa
percentage
of all
commercial
banking
offices

In
millions
of dollars

Asa
percentage
of all
commercial
bank
deposits

Type of
branching 2

349

418

848

1,266

1
4
1
4
6

2
4
3
14
22

56
103

58
107
3
14
50

40.0
6.9
1.7
5.0
10.5

395
1,064
87
510
949

38.2
4.7
4.6
11.3
34.9

S
S

Idaho
Illinois
Indiana
Iowa
Kansas

2
2
2
2
2

2
5
3
13
3

38
2
6

40
5
5
19
3

37.0
.5
.7
2.8
,5

255
146
37
242
197

39.9
.9
,8
7.7
8.7

S
U
L
U

Kentucky
Maine
...
Massachusetts
Minnesota
Missouri

1
I
3
4
3

2
3
22
117
12

15
8
130
6

17
11
152
123
12

3.6
6.4
31.0
17.8
2.0

181
30
1,094
2,468
513

8.1
4.7
20.8
60.9
8.6

L
L
L
U
U

Montana
Nebraska
Nevada
New Hampshire
New Mexico

4
1
1
1
1

31
5
2
6
5

31
22

24
6
15

27.0
1.2
64.9
7.8
16.5

429
163
283
41
88

52.7
9.8
75.4
10,8
13.2

u
u
S
u

New York
North Dakota
Ohio
Oklahoma
Oregon

9
3
2
1

21
34
24
1
1

171
5
30

192
39
54
1
78

11.6
21.4
4.7
.3
35.5

2,240
293
657
849

5,3
38,3
6.2
.1
43.4

L
U
L
U
S

2
3
3
2
3

11
11
8
3
4

23
7

34
18
8
50
8

15.1
3.8
.8
44.6
1.5

238
107
337
482
52

32.7
3.5
2.9
52,7
1.7

U
L
U
S
L

3
4
2

7
13
4

45
15

52
28
4

15.5
4.0
7,7

368
1,124
76

13.8
25.8
19.2

S
U
U

Total 33 States
Arizona
California
Colorado
Florida
Georgia

. ...

South Dakota
Tennessee
Texas
Utah
Virginia

. . .

Washington
^Visconstn
Wyoming

28

10

77

47
4

15,998

u
u

B, SUMMARY TOTALS AND COMPARISONS, December 31, 1958


Type of branching a
L

Number of
States
Companies 4

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

33 States

Item

Holding
company
groups

7
14

10
31

16
39

Banking offices:
Total
Banks
Branches
..

409
21
388

522
117
405

335
280
55

1,266
418
848

16,028
10 386
5,642

5.7

Amounts (millions of
dollars) :
Deposits (all commercial banks)...

3,696

5,435

6,867

15,998

167,478

7.4

Digitized for FRASER


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

446

1
Data for each State represent the numbers
of bank holding companies having subsidiary
banks in that State rather than the number
of registered bank holding companies whose
principal
offices are located in the State.
2
S = Statewide branching States.
L = Limited branching States.
U = Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 43 separate
bank groups because in 6 instances the bank
group is controlled by a bank holding company that is in turn controlled by another
bank
holding company.
4
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A.

DETAILS BY STATES, December 31, 1959


Number of offices

Number
of
companies1

State

Banks and branches


Banks

Branches
Total

348

413

Arizona
California
Colorado
Florida
Georgia

1
4
1

2
5

12
22

Ida ho .
Illinois
Indiana
Iowa
Kentucky

2
3
2
2
1

2
6
3
13
2

38

Maine
Massachusetts
Minnesota . ,
Missouri
Montana

1
3
4
2
4

3
22
118
7
31

7
136
6

1
1
1
10

5
2
6
5
22

North Dakota
Ohio
Oklahoma
Oregon
South Dakota

3
2
1
1
2

34
24
1
1
11

Tennessee
Texas
Utah
Virginia
Washington

3
3
2
2
3

9
8
4
7

48
5
48

Wisconsin
Wyoming

5
2

16
4

18

Total=32 States. . .

,. .

Nebraska . . . . . .
Nevada
New Hampshire
New Mexico .
New York

Deposits

Assets

967
59
180

37*"
2
8
16

23'"

io'"

176

5
33
81
23
8

Asa
percentage
of all
commercial
banking
offices

In
millions
of
dollars

As a
percentage
of insured
commercial
bank
assets

In
millions
of
dollars

Asa
percentage
of all
commercial
bank
deposits

Type
of
branching 2

19,111

10.6

17,311

61
185
3
12
59

39.6
11.4
1.6
4.1
12.0

483
2,469
95
401
1,125

40.3
9.8
4.7
8.0
37,2

442
2,358
86
364
1,002

37.7
9.9
4.5
7.7
35.3

S
S

40
6
5
21
18

35.7

280
216
41
257
193

41.1
1.2
.8
7,8
8.0

256
196
38
236
170

39.7
1.2

10
158
124
7
31

5.8
30.5
17.9

26'. 7

34
1,267
2,749
271
465

5.1
22.0
62.3
4.3
53.9

29
1,109
2,453
245
419

4.6
21.1
60.7
4.1
52.0

5
25
6
15
198

1.2
61.0
7.8
15.5
11.6

172
334
48
99
2,681

9.9
78.8
11.7
13.7
5.7

155
310
42
89
2,366

9.7
74.9
10.5
12,8
5.7

39
57
1
82
34

21.3
4.8
.3
35.3
15.0

329
729
4
972
262

47,1
6.2
.2
45.3
33.3

299
660
3
879
236

39.0
6.0

44^0
32.7

17
8
51
9
55

3.5
.8
44.7
1.7
15.8

119
367
545
62
378

3.6
3.0
54.6
1.8
13,0

107
329
500
58
369

3.3
2.8
52.5
1.8
13.5

L
U
S
L
S

34
4

4.8
7.6

1,583
81

33.6
18.9

1,433
73

32.1
17.9

U
U

1,380

!?

2.5
3.7

7^7
7.4

:
i

u
u
L

u
L
u
L

L
L
U

J
L
L

U
L
U
S

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1959


Type of branching z

32 States

Item
L

S
Number of
States
Companies 4
Banking offices:
Total . .
Banks
Branches
Amounts (millions of
dollars) ;
Assets (insured commercial banks). . .
Deposits (all commercial banks). . .

Holding
company
groups

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

1
14

10
31

15
37

499
22
477

546
116
430

335
275
60

5,461

6,350

7,300

19,111

180,748

5,114

5,628

6,569

17,311

167,087

Digitized for FRASER


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

1,380
413
967

447

15,829
9,804
6,025

6.0

7.9

1
Data for each State represent the numbers of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
3
S ~ Statewide branching States.
L = Limited branching States.
U = Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 43 separate bank
groups because in 5 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company.
4
A breakdown of the figures by States,
shown above.
For "General Note/* see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2

BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,


ANNUALLY, 1956-70 Continued
A.

DETAILS BY STATES, December 31, 1960

State

Number
of
companies1

Deposits

Assets

Number of offices
Banks and branches

Branches

Banks

Total

As a
percentage
of all
commercial
banking
offices

In
millions
of
dollars

Asa
percentage
of insured
commercial
bank
assets

In
millions
of
dollars

Asa
percentage
of all
commercial
bank
deposits

Type
of
branching a

347

426

1,037

1,463

20,490

11.1

18,274

Arizona
California
Colorado
Florida
Georgia

1
4

68
187

70
192
3
13
69

38.3
11.0
1.6
4.2
13.3

515
2,615
99
441
1,181

38.7
10,0
4.7
8.5
37.1

468
2,402
87
397
1,035

36.7
9.9
4.3
8.1
35.2

3
6

2
5
3
13
21

Idaho
Illinois
Indiana
Iowa
Kentucky

2
3
2
2
1

2
6
3
17
2

38

40
6
5
29
25

35.1
.6
.7
3.4
5.0

280
229
44
344
293

40.3
1.2
.9
10.4
11.8

251
203
40
269
256

38.6
1.2
,8
8.6
11.1

Maine
Massachusetts
Minnesota . .
Missouri
Montana .

3
4
2
4

4
23
118
7
32

8
136
6

12
159
124
8
32

6.8
29.4
17.8
1.2
26.5

41
1,344
2,861
278
483

5.9
22.5
63.3
4.3
55.3

35
1,162
2,557
249
431

5.3
21.2
61.1
4.0
52.0

L
L
U
U

5
2
7
5
22

2
23
11
185

7
25
7
16
207

1.6
59.5
9.1
15.0
11.7

181
356
59
101
2,951

10.3
77.1
13.2
13.5
6.0

163
324
51
91
2,588

9.7
73.4
12.3
12.8
5.7

39
59
85
37
18

21.2
4.8
34.6
15.9
3.6

337
753
982
274
123

48.0
6.1
44.9
34.4
3.5

303
672
880
247
109

39.9
6.0
43.7
32.9
3.3

U
L
S
U
L

12
54
8
59
39

1.2
45.0
1. 4
15.9
5.4

506
572
68
406
1,689

4.0
54.6
1.9
13.6
34.5

462
520
61
365
1,522

3.8
51.8
1.9
13.3
32.8

U
S
L
S
U

7.3

84

19.1

74

17.6

Total 31 States. ..

48

2
12
23

Nebraska
Nevada
New Hampshire
New Mexico.
New York

1
9

North Dakota
Ohio
Oregon
South Dakota
Tennessee

3
2
1
2
3

34
24
11
9

5
35
84
26
9

Texas
Utah
Virginia
Washington
Wisconsin

3
2
1
3
5

12
3
4
7
18

51
4
52
21

Wyoming

s
u
u
L

L
U
L

u
u
s
u
L
L

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1960


Type of branching 2
L

Number of
States
Companies 4
Banking offices:
Total
Banks. .
Branches
Amounts (millions of
dollars):
Assets (insured commercial banks). . .
Deposits (all com-.,
mercial banks). . .

Digitized for FRASER


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

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

31 States

Item

Holding
company
groups

7
14

10
29

14
36

525
22
503

578
117
461

360
287
73

1,463
426
1,037

15,998
9,466
6,532

5,770

6,855

7,865

20,490

184,491

5,210

6,049

7,015

18,274

172,002

448

6.2

8.0

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
<2
S ~ Statewide branching States.
L = Limited branching States.
U = Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 42 separate bank
groups because in 5 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company.
4
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


B.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A,

DETAILS BY STATES, December 31, 1961


\

Number of offices

Assets

Deposits

Banks and branches


Number
of
companies1

State

As a
percentage
!
of
insured
percent ! "'$>- commercial
bank
d
s
eom^Lul o"
assets
banking
offices
;
i

Branches

Banks

Total

Total~3l States, ..
Arizona
California
Colorado . , ,
Florida
Georgia

46

427

1,107

1,534

1
4
I
3
6

2
5
3
13
21

75
203

77
208
3
13
79

2
2
2
2

2
4
3
17

41

1
3
4
2
4

4
23
118

,
...
. ..

Idaho
.
Illinois
Indiana
Iowa
....
Kentucky, , .

...
...

Maine
Massachusetts
Minnesota . . . .
Missouri
Montana
Nebraska .
Nevada
New Hampshire
New Mexico .
New York
North Dakota
Ohio
Oregon
South Dakota
Tennessee . .

...

,.
...

...

Texas
Utah
Virginia
.
Washington
Wisconsin

Wyoming

58"

3
2
1
2
3

34
24
1
11
9

2
2
I
3
6

7
4
5
7
24

22 235

8 8

573
3,158
109
465
1,230

40.5
11,5
4,9
8.7
37.8

19,836

\
\

41.8
.5
.8
9.5
13.8

265
90
39
291
305

!
i
i
'

Type
of
branching 3

..

524 :
2,829
97
418
1,081
;

35. B
10.4
4.2
7.9
34.6

S
S

38.7
.5
.8
8.7
11.6

s
u
u

5.3
20.9
61.5
4.0
52.2

u
u

295
101
43
318
342

12
165
124
8
32

6.6 !
28 . 7
17.8
1.2
26.0 I,

43
1 , 420
3,096
290
503

5.9
23.2
66.9
4,4
57.0

37
1,228
2,768
261
451

13
190

7
29
-t
18
212

1.6
63.0
9.2
15.4
11.4

190
397
62
109
3,259

10.5
78.6
13.4
14.0
6.4

9,6
72,9
12.0
12.8
5.8

s
u

172
359
53
98
2,862

5
38
86
26
10

39
62
87
37
19

21 . I
4.9
34.1
15.7
3.6

348
821
1,030
296
133

48.5
6.6
46.1
36.2
3.7

312
736
932
266
120

40.5
6,2
42.9
33.0
3.3

U
L
S
U
L

53
10
55
21

7
57
15
62
45

.7
46.3
2.5
IS. 9
6.2

401
614
100
429
1,965

3.0
57.2
2.8
14.0
39.4

366
560
89 .
385
1,757

2.7
52.3
2.5
13,0
35.5

0
S
L
S
U

7.3

95

21.0

85

18,7

8
142
6
1

32

i
j

As a
percentage
of alt
commercial
bank
deposits

In
, millions
j
of
dollars
1

37.7
11. 1 i
1.5-1
4.0 3
14.7
36.1
,4
.6
3.4
4.9

43
4
5
29
25

2
12
23

1
1
1
1
9

2
27

'

I
\

"
t
'

U
U
U

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1961


Type of branching 2

Item
S

Number of
States
Companies ^

Holding
company
groups

7
14

10
29

14
35

563
23
540

612
118
494

359
286
73

1,534
427
1 , 107

16,555
9,483
7,072

6,496

7,500

8,239

22,235

190,179

5,854

6,595

7,387

19,836

187,035

Banking offices:
Total . . . .
Banks
Branches
Amounts (millions of
dollars):
Assets (insured commercial banks). . .
Deposits (all commercial banks) . . ,

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

31 States

Digitized for FRASER


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

. .

449

6.3

8.0

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
2 S = Statewide branching States.
L Limited branching States.
U = Unit banking Suites.
3
Total does not equai sum of State figures
because it has been corrected for duplications; trust is, holding companies that luive
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 41 separate bank
groups because in 5 instances the bunk group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company,
A breakdown of the figures by States,
shown above.
For "General Note," see end of table,

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A.

DETAILS BY STATES, December 31, 1962


Assets

Number of offices

Deposits-

Banks and branches


Number
of
companies 1

State

Banks

Branches
Total

As a
percentage
of all
commercial
banking
offices

In
millions
of
dollars

Asa
percentage
of insured
commercial
bank
assets

In
millions
of
dollars

Asa
percentage
of all
commercial
bank
deposits

Type
ot
branching 3

449

442

1,215

1,657

24,092

8.8

21,203

Arizona
California
Colorado
Florida
Georgia

1
4
2
4
6

2
5
6
16
19

79
224

81
229
6
16
84

37.5
11.2
2.9
4.7
15.2

628
3,498
177
476
1,290

39.0

569
3,056
158
423
1,125

35.7
10.5
6.7
7.6
34.1

S
S
U

Idaho
Illinois
Indiana
Iowa
Kentucky

2
2
2
2
I

2
4
3
17
2

44

46
4
5
29
27

37.4
.4
.6
3.3
5.1

320
109
45
333
348

43.0
9.2
12.8

:i

286
97
40
288
307

39.8
.5
.8
8.2
11.1

S
U
L
U
L

Maine
Massachusetts
Minnesota
Missouri
Montana . . . .

1
3
4

4
22
118
9
32

8
148
6
2

12
170
124
11
32

6.1
28.1
17.7
1.6
25.8

43
1,495
3,303
310
540

5,7
23.3
66.4
4.4
58.2

36
1,270
2,949
278
481

5.0
21.0
61.1
4,0
51.9

L
L
U
U
U

5
2

2
28

197

7
30
7
20
219

1.6
60.0
9.2
16.0
11.3

199
443
71
112
3,490

10.2
78.1
14.3
13.5
6.4

175
401
62
98
2,988

9.2
70.1
13.0
12.3
5.9

S
L
L,
L

5
41
89
30
10

39
65
90
41
19

20.7
5.0
34.4
17.1
3.5

395
854
1,103
331
168

52.7
6.5
46.4
37.4
4.3

355
762
992
298
125

40.9
6.0
42.5
34.0
3.3

U
L
S
U
U

55"
51
56
21

7
58
65
63
47

.7 i
45.0
10.2
15.4
6.4

410
648
417
455
1,990

2.8
56.7
10.6
13.9
37.6

372
590
362
409
1,769

2.6
52.0
9.6
13,0
34.6

91

18.9

82

17.4

Total 31 States. . .

Nebraska
Nevada
New Hampshire
New Mexico
New York

...

...

North Dakota
Ohio
Oregon
South Dakota
Tennessee

65
2
12
25

is"

234

?
11

2
I
2
3

Texas
Utah
Virginia
Washington
Wisconsin

2
2
2
3
6

7
3
14
2l

Wyoming , .

7.1

'i:J
8.2

36.9

u
L

L
u
u

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1962


Type of branching:!
L

Number of
States
Companies 'r>
Banking offices :
Total
Banks
Amounts (millions of
dollars) :
Assets (insured commercial banks). . ,
Deposits (all commercial banks) -.

Digitized for FRASER


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

Holding company groups


as percentage of all
All
commercial commercial
banks
banks

31 States

Item

Holding
company
groups

7
14

11
31

13
36

597
22
575

693
131
562

367
289
.78

1 ,657
442
1 ,215

17,197
9,533
7 , 664

7,095

8,333

8,664

24,092

273,728

6,303

7,175

7,725

21,203

196,323

450

6.5

8.1

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather t h a n the
number of registered bank holding companies
whose principal offices are located in the
State.
2 As of Dec. 28, 1962.
= S = Statewide branching States.
L Limited branching States.
U = Unit banking States.
4
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 44 separate bank
groups because in 5 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company,
s
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A. DETAILS BY STATES, December 31, 1963
Number of offices

Number
of
companies1

State

Deposits2

Assets

Banks and branches

Banks

As a
percentage
of all
commercial
banking
offices

Branches
Total

In
millions
of
dollars

As a
percentage
of insured
commercial
bank
assets

In
millions
of
dollars

As a
percentage
of all
commercial
bankdeposits

Tyt3e
of
branching s

'52

454

1,278

1,732

25,619

8.6

22,528

Arizona . ,
California.
Colorado
Florida
Georgia

1
4
2
4
6

2
4
7
16
19

87
171

89
175
7
16
89

37.4
7.8
3.1
4.2
15.5

676
3,110
198
511
1,413

37.0
9.4
7.5
8.0
37.1

617
2,679
173
455
1,243

35.4
8.6
6.8
7.5
34.4

S
S

Idaho
Illinois
Indiana . . .
Iowa
Kentucky

2
2
2
2
I

2
4
3
18
2

53

55
4
6
31
28

40.1
.4
.7
3.5
5.1

350
112
49
359
357

44.1
.5
.8
9.2

n.9

311
100
45
317
314

41.2
.5
.8
8,7
11.1

S
U
L
U

3
4
2
4

4
22
118
9
33

8
154
6
2

12
176
124
11
33

5.9
27.7
17.3
1.6
26.2

44
1,492
3,412
317
566

5.5
22.0
63.3
4.2
55.2

37
1,269
3,042
283
501

5.0
20.9
60.2
3.9
51.1

L
U
U

Nebraska
Nevada . .
New Hampshire
New Mexico
New York

1
1
9

5
2
7
5
22

3
31
1
14
203

8
33
8
19
225

1.8
57.9
10. 1
14.0
11. 0

211
477
84
124
3,722

9.9 |
73,5
15.6
13.6
6.2

189
433
74
112
3,211

9.4
70.2
14.8
12.6
6.2

S
L
L
L

North Dakota .
Ohio
Oklahoma . . . .
Oregon
South Dakota

3
2
1
1
2

33
24
2
1
11

8
48
96
30

41
72
2
97
41

21,0
5.3
.5
34.0
16.8

419
885
362
1,152
349

48. 5
6.2
10.6
44.7
36.1

374
775
299
1,037
310

40.6
6,0
9.5
41.9
33.5

Tennessee
Texas
Utah
Virginia . .
Washington

3
2
2
3
3

9
7
3
19
7

11

20

57
98
59

60
117
66

3.6
.6
41.7
17.0
15.3

156
449
670
926
477

3.6
2.8
53,6
21.4
13,7

139
407
600
821
423

3.3
2.7
51.0
20.2
13.1

L
U
S
S
S

7
2

30
4

26

56
4

7.6
6.3

2,093
97

36.3
18.7

1,851
87

34.0
17.2

u
u

Total- 32 States. ..

Maine.
Massachusetts .
M i n ncsota
Missouri ... ,
Montana

Wisconsin
Wyoming

. .

70

3
13
26

u
V
L

u
u

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1963


Type of branching 3
Item
L

Number of<=States
Companies 5
Banking offices:
Total
Banks
Branches
Amounts (millions of
dollars) :
Assets (insured commercial banks). ..
Deposits (all com-2
mercial banks) . .

Holding company groups


as percentAll
age of all
commercial commercial
I
banks
banks

32 States
Holding
company
groups

8
17

10
29

14
38

692
40
652

655
117
538

385
297
88

1,732
454
1,278

7,838

8,326

9,455

25,619

298,348

6,921

7,219

8,388

22,528

208,796

Digitized for FRASER


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

18,477
10,100
8,377

451

6.5

8.2

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State,
*3 As of Dec. 20, 1963.
S = Statewide branching States.
L = Limited branching States.
U = Unit banking States.
* Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 47 separate bank
groups because in 5 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company.
3
A breakdown of the figures by States,
shown above.
For "General Note.** see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A.

DETAILS BY STATES, December 31, 1964

Number
of
companies1

State

Deposits

Assets

Number of offices
Banks and branches

Banks

Branches
Total

Asa
percentage
of all
commercial
banking
offices

In
millions
of
dollars

Asa
percentage
of insured
commercial
bank
assets

In
millions
of
dollars

As a
percentage
of all
commercial
bank
deposits

Type
of
branching 2

354

460

1,379

1,839

28,278

8.7

24,959

I
4
3
6
6

2
4
10
20
19

91
181

93
185
11
20
92

36.2
7.6
4.5
4.7
15.6

726
3,427
633
762
1,611

35.4
9.5
22.0
10.8
37.6

650
2,960
566
680
1,407

32.8
8.8
20.8
10.0
34.8

S
S

2
2
2
2
1

2
4
3
18
2

58

60
4
6
32
28

42.0
.4
.7
3.6
5.0

386
124
60
390
395

45.0
.5
.9
9.2
12.1

344
107
55
356
350

41.5
.4
.9
8.7
10.9

Maine
Massachusetts
Minnesota
Missouri . .
Montana

1
3
4
2
4

4
23
118
9
33

8
171
7
3

12
194
125
12
33

5.8
28.4
17.1
1.7
25.4

47
1,629
3,752
357
594

5.6
22,5
64.0
4.3
54.0

40
1,378
3,372
321
527

4.9
20.8
60.0
4.0
50.8

L
L
U
U
U

Nebraska
Nevada
New Hampshire
New Mexico
New York.
.

1
1
1
1
9

5
2
6
22

3
34
3
15
214

8
36
9
20
236

1.8
56.3
9.8
14.0
11. 0

224
487
85
132
4,117

9.8
69.5
14.7
13.4
6.4

203
439
75
118
3,569

9.3
66.9
(4.1
12.9
6.0

U
S
L
L
L

9
51

41
75
2
101
41

20.0
5.3
.4
33.7
16.7

421
927
386
1,264
373

45.5
6.1
10.5
45.5
35.9

377
823
322
1,133
333

38.4
5.8
9.3
42.1
33.8

U
L
U
S

22
4
63
139
74

3.8
.3
40.6
18.7
15.7

184
36
707
1,088
541

3.8
.2
52.6
22.8
14.6

164
33
642
975
481

3.5
.2
50.1
21.3
13.7

L
U
S
S
S

57
4

7.6
5.9

2,309
104

37.1
18.3

2,067
92

34.6
17.1

u
u

Total 32 States. . .
Arizona . . .
California
Colorado
Florida . . .
Georgia . . .

Idaho
Illinois
Indiana . . .
Iowa
Kentucky .

...
..

...

...

North Dakota
Ohio
Oklahoma
Oregon . . . .
South Dakota

3
2
I

32
24
2

11

Tennessee
Texas
Utah . .
Virginia . . .
Washington

3
J
2
3
3

9
4
3
21
7

7
2

31
4

Wisconsin
Wyoming .

...

73"

3
14
26

100
30
13
60 "
118
67
26

u
u
L

L
U
L

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1964


Type of branching 2
Item

Number of
States
Companies 4
Banking offices:
Total
Banks
Branches
Amounts (millions of
dollars) :
Assets (insured commercial banks). ..
Deposits (all commercial banks) . . .

Digitized for FRASER


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

Holding
company
groups

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

32 States

8
17

10
29

14
40

751
42
709

694
117
577

394
301
93

8,626

9,187

10,465

28,278

247,099

7,624

7,979

9,356

24,959

233,378

1,839
460
1,379

19,334
10,302
9,032

452

6.5

8.1

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
2
S Statewide branching States.
L = Limited branching States.
U = Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 48 separate bank
groups because in 6 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company,
4
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A.

DETAILS BY STATES, December 31, 1965


Assets

Number of offices

Number
of
companies1

State

Banks and branches

Banks

Branches
Total

8.7

27,560

34.3
9.3
23.3
11.0
37,4

692
3,008
638
778
1,545

32.9
8.5
22.0
10.1
33.5

44.5
.4
.8
9.0
11.5

370
109
58
377
362

41.3
.4
.8
8.4
10.5

s
u
u

5.2
21,9
60.8
4.2
54.7

40
1,460
3,581
339
566

4.7
20.2
59,2
4,0
50.6

25.0

416
122
65
416
410
47
1,741
3,898
378
640

7
37
9
24
248

1.5
52.9
9.0
15.4
11.0

245
509
103
139
4,589

10. 0
67.9
16.6
13.6
6.3

217
458
91
118
4,068

9.5
65.6
15.6
12.5
6.2

44
99
2
107
42

20.4
6,7
.4
33.9
17.1

454
1,656
439
1,416
395

45.9
10.0
10.9
46.3
35.7

402
1,482
357
1,269
353

38.0
9.4
9.4
42.8
33.3

18
4
64
167
80

2.9
.3
39.5
20.9
15.8

146
38
769
1,285
575

53.0
24.3
14.3

:l

132
35
694
1,151
511

48^9
22.7
13.4

61
4

8.1
5.8

2,420
105

36.0
17,6

2,206
93

34.6
16.8

u
u

1,486

1,954

2
4
11
24
18

92
199
1

94
203
12
24
87

34.8
7.9
2.1
5.4
14.1

Idaho, , , ,
Illinois
Indiana
Kentucky .

...

2
4
3
18
2

63

..

2
2
2
2
1

65
4
6
35
28

43.0
.4
.7
3.9
4.9

I
2
4
2
4

4
23
118
9
33

8
173
8
3

12
196
126
12
33

5.6
27.0

1
1

5
2
6
5
21

2
35
3
19
227
12
74

Maine
Massachusetts
Minnesota
Missouri
M^ontana

,
...

Nebraska
Nevada
New Hampshire
New Mexico

1
7

32 1
25
2
1
11

Tennessee
Texas
Utah
Virginia
Washington

2
1
2
3
3

8
4
3
23
7

Wisconsin
Wyoming

8
2

34
4

3
2

North Dakota
Ohio
Oklahoma
Oregon
South Dakota

...

106
31
10
61
144
73
27

ZTlaI i "oHars
assets

Type
of
branching 2

776
3, SEE
712
872
1,813

468

1
4
3
7
5

3"
17
26

' !-

Asa
percentage
of all
commercial
bank
deposits

31,177

353

69

In
millions
of
dollars

As a
percentage
of all
commercial
banking
offices

Arizona
California
Colorado
Florida
Georgia . . .

Total- -32 States. . .

Deposits

"I

2.6

s
u
u
L

U
U

u
u
s
u
u
s
u
L
U

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1965


Type of branching z
Item
L

Number of States
Companies 4

Amounts (millions of
dollars):
Assets (insured commercial banks). . .
Deposits (all commercial banks)...

Holding
company
groups

8
17

10
24

14
42

817
44
773

727
115
612

410
309
101

9,334

10,606

8,153

9,356

Banking offices:
Total
Banks
Branches

Digitized for FRASER


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

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

32 States

1 954
468
1,486

20 , 420
10,357
10,063

11,237

31,177

271,251

10,051

27,560

252,072

453

6.7

8.3

1
Dam for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
2
S = Statewide branching States.
L = Limited branching States.
U
~ Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 48 separate bank
groups because in 5 instances the bank group
iis controlled by a bank holding company that
is in turn controlled by another bank holding
company,,
4
A breakdown of the figures by States,
shown above.
For "General Note," see end of tabte.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A.

DETAILS BY STATES, December 31, 1966

Number
of
companies1

State

Banks and branches

Banks

Branches
Total

Total 35 States. ..

Asa
percentage
of insured
commercial
bank
assets

In
millions
of
dollars

As a
percentage
of all
commercial
bank
deposits

Type
of
branching 2

1,802

2,363

47,685

12.4

41,081

5
3
2
10

2
5
12
2
62

97
219
1
11

99
224
13
13
62

33.7
8.3
5.1
12,7
13.8

837
3,943
770
258
2,382

34.5
9,6
23.7
10.1
27.1

746
3,305
692
233
2,073

33.2
8.9
22,7
9.9
24.9

7
2
2
2
2

19
2
5

83
68
4
20

16.2
42.7
.5
.8
4.1

2,038
439
394
I
74
454

37.2
43.9
1.3
.9
9.1

1,773
392
358
67
413

34,9
41,5
1.3
.9
8.7

L
S
U

18

102
70
5
7
38

1
I
2
2
1

2
4
4
24
1

26
8
15
181
11

28
12
19
205
12

4,7
5.4
3.6
26.5
.9

422
52
130
1,911
195

11.0
5.3
3.2
22.1
1.2

370
44
III
1,611
178

10.1
4.8
2.9
20.7
1.2

L
L
S

5
3
4
1
1

118
12
33
5
2

8
3

17.2
2.1
24.8
1.7
48.7

4,262
421
712
264
512

61.7
4.4
56.6
10.1
63.9

3,795
377
631
237
460

58.7
4.2
53.0
9.6
62.8

U
U
U

36

126
15
33
8
38

1
12
3
2

7
5
29
32
26

3
19
379
14
80

10
24
408
46
106

9.3
14.8
17.1
20.4
6.9

130
145
14,966
482
1,813

18.7
13.6
19.0
45.0
10.1

115
128
12,386
428
1,610

17.6
12.7
18.1
37.9
9.6

L
L
L
U

1
1
2
4
3

2
1
11
9
14

2
111
44
24
16

.4
34.2
17.6
3.6
1.4

446
1,500
420
208
1,195

10.3
45.5
35.4
3.6
5.9

378
1,331
374
184
1,034

9.3
42.8
33.4
3,4
5.5

s
u

2
5
3
8
2

3
38
7
38
4

65
223
85
66
4

39.9
26.4
16.5
8.7
5.8

802
1,696
632
2,671
109

50.8
29.4
14.3
36.8
17.5

718
1,499
562
2,372
96

48,6
28.2
13.4
34.1
16.3

S
S

....

. . .

Minnesota
Missouri
Montana
Nebraska, .
Nevada . ,
New Hampshire
New Mexico
New York ,
North Dakota
Ohio
Oklahoma
Oregon
South Dakota
Tennessee
Texas

In
millions
of
dollars

561

Georgia

Kentucky
Maine
Maryland
Massachusetts
Michigan

As a
percentage
of all
commercial
banking
offices

365

California
Colorado
District of Columbia . . .
Florida . . .

Illinois
Indiana. . . .
Iowa

Deposits

Assets

Number of offices

. ...

Utah
Virginia
Washington
Wisconsin
Wyoming. .

no

33
15
2

62
185
78
28

S
S

u
s
u

u
s

U
L
U

U
U

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1966


Type of branching 2
Item
L

Number of
States
Companies 4

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

35 States
Holding
company
groups

10
24

11
34

14
49

Banking offices;
Total
Banks
Branches
..

947
66
881

938
129
809

478
366
112

2,363
561
1,802

Amounts (millions of
dollars):
Assets (insured commercial banks). . .
Deposits (all commercial banks). ..

10,749

21,954

14,982

47 , 685

316,148

9,357

18,466

13,258

41,081

288,694

Digitized for FRASER


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

22,727
10,843
11,884

454

7.8

11.6

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
2
S ~ Statewide branching States,
L = Limited branching States.
U = Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 58 separate bank
groups because in 7 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company.
4
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


8,2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A, DETAILS BY STATES, December 31, 1967
Number of offices

Number
of
companies1

State

Banks and branches

Banks

In
As a
percentage ! millions
of
of all
dollars
commercial
banking
offices

Branches
Total

49,827

842
3,773
791
270
3,316

33.6
9.1
22.8
10.4
34.2

2,270
497
399
88
522

35.2
43.1
1.2
.9
9.1

1,978
447
363
80
473

34.5
42.4
1.2
1.0
9.0

L
S

4.6
20.4
3.4
27.1
.9

498
227
145
2,251
215

10.7
20.2
3.2
21.5
1.1

438
199
124
1,946
196

10.4
20.0
2.9
21.3
1.1

L
L

16.9

<!:!

4,856
448
111
314
553

59.7
4.0
54.5
10.1
57.8

4,318
404
689
284
497

58.7
4.0
53.3
10.2
59.3

8,9
15.2
20.7
20.8
8,5

139
167
17,993
528
2,590

17.0
13.7
19.4
42.9
12.4

121
149
15,301
470
2,294

16.8
13.5
19.6
38.4
12.3

L
L
L
U
L

113
46
24
16

33,*7
18.2
3.4
1.3

487
1,623
458
227
1,289

9.6
43.5
34.3
3.4
5.5

394
1,439
407
202
1,114

8.7
42.4
33.5
3.4
5.3

U
S

65
301
88
73
4

39.6
33.9
16.2
9.5
5.8

834
2,561
736
3,068
117

48.5
37.4
14.0
35.9
16.5

740
2,266
658
2,740
104

48.0
37.0
13.8
35.2
16,4

s
s
s
u
u

2,688

98
241

13

100
246
12
13
84

36.1
8.7
4.7
12.4
18.5

7
2
2
2
2

19
2
4
3
18

90
69

42

4
22

109
71
4
7
40

t
2
2
2

2
6
4
24

26 '
42
15
194
11

28
48
19
218
12

5
3
4
1
1

116
11
32
5
2

8
4
1
3
36

124
15
33
8
38

1
5
35
32
29

3
21
472
16
107

10
26
507
48
136

Minnesota . . . .
Missouri
Montana . ,
Nebraska

...
...

New Hampshire
New Mexico. .
New York. . .
North Dakota
Ohio
Oklahoma
Oregon
South Dakota
Tennessee
Texas

14
3
3
...

Utah
Virginia ,
Washington .
Wisconsin
Wyoming ,

...

t
2
4
3

11
9
14

112
35
15
2

2
6
3
9
2

3
45
7
45
4

62
256
81
28

iype
of
brunchinga

12,7

2,085

2
5
12
2
84

Kentucky
Maine
Maryland
Massachusetts
Michigan

As a
percentage
of all
commercial
bank
deposits

32.9
9.6
23.1
10.3
34.9

603

1
5
3

....

In
millions
of
dollars

937
4,493
879
296
3,735

374

11

As a
percentage
of insured
commercial
bank
assets

57,217

Total 35 States . . .
Arizona
California. . . . . . , . . . .
Colorado
District of Columbia. . .
Florida
Georgia . .
Idaho
Illinois
Indiana
Iowa

Deposits

Assets

16.9

:!

4^3
f

211

'

s
u
s
u
u
u

I
F
U
U

L
U

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1967


Type of branching 2
Item
L

Number of=
States . . . 4.
Companies

Holding
company
groups

10
25

11
38

14
53

Banking offices:
Total
Banks.
Branches.

1,054
73
981

1,125
140
985

509
390
119

Amounts (millions of
dollars) :
Assets (insured commercial banks)...
Deposits (all commercial banks). ..

12,675

26,665

H,056

22,904

Digitized for FRASER


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

Holding company groups


as percentage of all
All
commercial commercial
banks
banks

35 States

2,688
603
2,085

23,389
10,825
12,564

17,877

57,217

367,723

15,867

49,827

324,127

455

,8.6

12.6

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
2
S Sta tewi de bra nch i ng Sm tes.
L = Limited branching States.
U Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 65 separate bank
groups because in 9 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company.
4
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A. DETAILS BY STATES, December 31, 1968
Assets

Number of offices

Deposits

Banks and branches


Number
of
companies1

State

Banks

Branches
Total

Asa
percentage
of all
commercial
banking
offices

In
millions
of
dollars

Asa
percentage
of insured
commercial
bank
assets

In
millions
of
dollars

As a
percentage
of all
commercial
bank
deposits

Type
of
branching 2

Total 34 States. . .

380

629

2,262

2,891

67,275

13.4

57,634

Arizona
,
California
. ..
Colorado
District of Columbia . , ,
Florida .
....

1
6
5
2
12

2
7
19
2
86

99
271

101
278
19
14
86

35.3
9.5
7.3
12.6
18.4

1,082
5,349
1,966
326
4,265

33.5
10.3
45.7
10,8
33.5

977
4,340
1,755
292
3,763

34.2
9.6
45.2
10.8
32.6

7
2
2
2
3

19
2
4
3
20

100
69
4
24

119
71
4
7
44

17.9
42,5
.4
.7
4.6

2,661
543
407
100 I
582

36,1
43.1
1.1
.9
9.2

2,313
488
368
91
530

35.4
42.6
1.2
1.0
9.1

L
S
U
L
U

1
2
2
2
1

2
6
4
22
1

27
42
17
201
12

29
48
21
223
13

4.6
19.9
3.6
26.6
.9

530
251
162
2,561
238

10.3
20.2
3.2
21.6
1.1

463
209
142
2,223
217

9,9
19.2
3.0
21.9
1.1

L
<S
S
L
L

..

5
4
4
1
1

117
15
34
5
2

9
6
I
3
37

126
21
35
8
39

17.2
2.8
25.4
1.7
45.9

5,792
1,234
848
342
651

61.1
10.0
54.5
9.9
61.6

5,119
1,108
744
310
582

59.9
10.1
53.1
10.0
60.9

U
U
U
U
S

New Hampshire
New Mexico
....
New York
North Dakota
....
Ohio

1
1
14
3
4

7
5
35
32
31

3
21
509
17
136

10
26
544
49
167

8.5
14.9
21.6
20.8
10.1

159
193
20,708
589
3,292

17.4
14.4
20.4
42.7
14.6

142
174
16,813
528
2,931

17.4
14.3
20.1
38.8
14.6

L
L
L
U
L

1
2
4
3
2

1
11
9
13
3

116
41
15
2
62

117
52
24
15
65

32.9
20.3
3.4
1.3
39.2

1,850
574
246
1,352
932

43.5
39.4
3.4
5.1
49.5

1,667
512
217
1,163
835

43,0
38.6
3.5
5.0
49.2

S
*S
L
U
S

6
3
11
2

48
7
51
4

284
83
39

332
90
90
4

35,7
15.5
10.9
5.7

2,984
813
3,561
132

38.9
14.1
38.1
16,8

2,633
732
3,135
118

38,3
14.2
37.1
16,8

OL
u

Georgia
Idaho
.
Illinois
Indiana
Iowa

..

Kentucky.
Maine
Maryland
Massachusetts
Michigan

. ..
..

Minnesota
Missouri
Montana .
Nebraska
Nevada .

Oregon
South Dakota
Tennessee
Texas
Utah
.
Virginia .
Washington.
Wisconsin
Wyoming

..

12

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1968


Type of branching 2

Item
Number of
States
Companies 7
Banking offices:
Total
Banks
Branches
Amounts (millions of
dollars):
Assets (insured commercial banks). . .
Deposits (all commercial banks). . .

Digitized for FRASER


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

Holding company groups


as percentAll
age of all
commercial commercial
banks
banks

34 States
Holding
company
groups

12
30

11
48

11
44

1,228
95
1,133

1,252
185
1,067

411
349
62

2,891
629
2,262

23,624
10,385
13,239

15,517

34,249

17,509

67,275

402,808

13,409

28,719

15,506

57,634

350,616

456

8.9

13.2

u
u
S

S
S

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
2
S = Statewide branching States.
L = Limited branching States.
U Unit banking States.
3
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 71 separate bank
groups because in 9 instances the bank group
is controlled by a bank holding company that
is in turn controlled by another bank holding
company.
4
Changed from Limited branching to
Statewide
branching during the year,
5
Changed from Unit banking to Statewide
branching
during the year.
6
Changed from Unit banking to Limited
branching
during the year.
7
A breakdown of the figures by States,
shown above.
For "General Note," see end of table.

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY
ANNUALLY, 1956-70 Continued
A,

DETAILS BY STATES, December 31, 1969


Assets

Number of offices

Number
of
companies 1

State

397

723

2,674

3,397

Arizona
, ..
California
Colorado
District of Columbia. . .
Florida

1
6
5
2
16

2
9
22
2
107

105
291
2
12

107
300
24
14
107

1
2
1
2
3

19
2
3
3
24

112
72

1
4
2
2
6
j
4

Kentucky
Maine
Maryland
Massachusetts
Minnesota

.,
.,

to

4
22
120

Asa
,'
percentage -.
In
of insured 1 millions
commercial
of
bank
dollars
assets

In
millions
of
dollars

Asa
percentage
of all
commercial
banking
offices

Branches

Banks

Total 33 States. . .

......

Deposits

Banks and branches

Total

Georgia
Idaho
Illinois
Indiana
Iowa . .

GROUPS,

,i

Asa
percentage
of all
commercial
bank
deposits

T c
$
u r i n c h_
S
b

76,778

14 5

62,574

34.7
10.0
8.9
12.5
22.1

1,148
5,494
2,114
326
5,438

32.6
10.2
45.9
10.6
39.1

'

1,034
4,288
1,771
293
4,731

33.2
9.9
44.7
10.9
38. 4

19.0
42.5

4
25

131
74
3
7
49

2,920
574
88
107
721

35.8
41.6
.2
.9
10.4

2,237
517
77
97
646

33.6
41,8
,2
1.0
10.4

L
S
U
L
U

28
67
17
219
9

30
77
21
241
129

4.6
30.7
3.5
27.6
17.6

553
371
163
2,756
5,748

10.0
2S.5
3.0
22.1
59.0

i
'

465
3IS
140
2,243
4,710

9.4
2B.2
2.9
23.4
56.5

L
S
S
L
U

1,962
896
339
683
169

15.5
53.3
9.0
60.2
17.4

1,670
780
304
609
143

15=4
52.5
9.2
61.0
17.0

U
U
U
S
L

258
25,510
623
4,061
1,917

17.5
23.4
42.1
16.9
43.8

226
19,563
554
3,480
1,589

j
1

!?

5.1

S
S
U
S
U

1
1

28
36
5
2
7

3
38
6

37
37
8
40
13

4.9
26.4
1 7
45^5
10.2

New Mexico
New York
North Dakota
Ohio

2
15
4
6
1

9
49
32
36
1

27
672
17
175
117

36
721
49
211
118

19.8
27.6
20.9
12.2
31.9

South Dakota
Tennessee
Texas
Utah
Virginia

3
5
2
7

15
12
13
3
50

46
39
2
64
355

61
51
15
67
405

23.7
6.8
1.2
38.5
41.2

;
:

669
628
1,285
878
3,581

41.5
8.2
4.6
46.2
42.9

592
539
1,052
769
3,101

41.2
8.2
4.4
46.4
43.0

S
L
U
S
S

3
12
2

7
63
4

90
50

97
113
4

15.8
13.2
5.6

839
3 , 822
137

13.9
38.3
16.4

731
3,183
122

14.1
36.5
16.4

S
L
U

Missouri. . . . .
......
Montana
Nebraska ,
Nevada
New Hampshire

.. .

Washington
Wisconsin
Wyoming

'

17,4
23.9
38.5
17 J
42.4

'

L
L
U
L
S

B, SUMMARY TOTALS AND COMPARISONS, December 31, 1969


Type of branching a

33 States

Item
S
Number of -States
Companies 4

11
52

Holding company groups


as percentAll
age of all
commercial commercial
banks
ba n ks

Holding
company
groups

12
34

10
53

Banking offices:
Total
Banks
Branches
. ..

1,381
107
1,274

1,554
222
1,332

Amounts (millions of
dollars):
Assets (insured commercial banks) . . .
Deposits (all commercial banks). . .

16,643

40,784

19,351

76,778

404,019

13,981

32,176

16,417

62,574

331,228

....

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'

462
394
68

:!

3 , 397 \
723
2 , 674

i,

457

22,938
10,083
12,855

10.1

14.3

:
Data for each State represent the n urnher of bank holding companies1 having
subsidiary banks in that State rather than the
n u m be r a f regi s te r ed ba n k h o Id i n i* a* in pa n i es

State.
1J
S Statewide branching; .States.
L :"; Limited branchi'iir States
U - Unit banking Suites.
3
TotLil does not equal sum of State figures
because it has been corrected for duplications; that as, holding companies tlt.U have
subsidiary bunks in more that 5 , one .State are
included in the total only ocice I he total
shown here represents only 86 separate bank
groups because in 11 instances the bank
group is controlled by a bank holding comEany that is in turn controlled by another
ank
holding company
3
A breakdown of the figures by States,
shown above.
For "General Note," see end of table,

BANKS AND BANK HOLDING COMPANIES


8.2 BANKING OFFICES AND DEPOSITS OF BANKS IN HOLDING COMPANY GROUPS,
ANNUALLY, 1956-70 Continued
A.

DETAILS BY STATES, December 31, 1970


Number of offices

Number
of
companies1

State

Banks and branches

Banks Branches
Total

Total -36 States

In
millions
of
dollars

As a
percentage
of insured
commercial
bank
assets

In
millions
of
dollars

As a
percentage
of a 11
commercial
bank
deposits

Type
of
branching-

78,064

92,903

895

3,260

4,155

2
2
11
40
3

114
13
309
4
24

116
15
320
44
27

34.7
3.6
10.2
15.7
5.4

1,308
292
5,780
2,645
214

32.2
8.4
9.9
52,4
3.5

1,166
247
4,776
2,237
184

32.9
8.0
9.7
51.2
3.5

S
U
S

2
20
7
2
1

2
159
19
2
3

13
1
121
74

15
160
140
76
3

12.8
31.1
19.4
42.5
.3

356
7,689
3,064
629
95

11.0
48.7
34.6
41.2
.2

325
6,788
2,395
550
84

11.4
48.6
33.0
40.6
.2

25
2
15
7
23

28
29
114
30
232

53
31
129
37
255

5.4
4.6
48.3
5.9
28.4

810
613
674
486
2,992

10.9
9.9
46.4
8.1
21.7

717
511
578
404
2,452

10.8
9.4
45.9
7.5
22.3

8
10
4
1

124
44
36
5
2

9
18
3
43

133
62
37
8
45

18.0
8.1
25.7

61.5
29.2
53.0
9.0
62.1

5,457
3,173
866
328
720

59.7
27.7
52.4
9.1
62.5

U
U
U

48^4

6,500
3,929
989
366
806

1
3
2
15
1

6
14
11
53
2

8
135
32
734
48

14
149
43
787
50

10.3
12.2
22.2
28.7
4.1

166
2,873
333
26,262
196

13.8
16.7
19.3
23.0
2.3

- 136
2,528
297
21,140
170

13.1
16.8
19.4
23.9
2.3 I

L
L
L
L
S

4
7

32
55
1
15
13

17
258
119
48
48

49
313
120
63
61

20.6
17.3
31.1
24.3
7.7

693
5,081
1,991
764
709

43.3
20.0
43.1
43.4
8.2

615
4,532
1,714
678
617

39.7
20.9
42.2
43.2
8.3

4
2
7
3
16

14
3
53

2
69
383
112
67

16
72
436
119
149

1.3
39.3
42.0
18.4
17.0

2,325
984
4,042
1,228
4,816

7.5
46.5
43.6
17.9
43.7

1,885
840
3,513
1,065
4,200

7.1
45.7
43.8
18.6 i
43.4

U
S

11.3

203

22.1

176

21.7

. .

5
3
2

Minnesota
Missouri
Montana
Nebraska
Nevada

North Dakota
Ohio
Oregon
South Dakota
Tennessee

Subsidiary banks

1
1
6
7
1

District of Columbia
Florida
,
Georgia
Idaho
Illinois

New Hampshire
New Jersey
New Mexico
New York
North Carolina

Asa
percentage
of all
commercial
banking
offices

Deposits

3 121

Arizona.
Arkansas
California
Colorado
Connecticut

Iowa
....
Kentucky
Maine
Maryland
Massachusetts

Assets

3
5

. ,

Texas.
Utah
Virginia
Washington
Wisconsin
Wyoming

82

L
S
U
L
S
L

u
S

S
S
L

S
L

B. SUMMARY TOTALS AND COMPARISONS, December 31, 1970


Type of branching 2
Item
L

Number of
States
Companies ^
Banking offices:
Total
Banks
Branches
Amounts (millions of
dollars) :
Assets (insured commercial banks). . .
Deposits (all commercial banks). ..

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Holding company groups


as percentAH
age of all
commercial commercial
banks
banks

36 States
Holding
company
groups

14
38

10
59

12
66

1,625
125
1 500

1,942
278
1 664

588
492
96

4,155
895
3 260

19,458

46,909

26,536

92,903

575,619

16.1

16,683

38,808

22,573

78,064

481,745

16.2

35,102
1 3 , 686
2! ,416

11.8

1
Data for each State represent the number of bank holding companies having
subsidiary banks in that State rather than the
number of registered bank holding companies
whose principal offices are located in the
State.
2
S = Statewide branching States.
L Limited branching States.
U Unit banking States.
;i
Total does not equal sum of State figures
because it has been corrected for duplications; that is, holding companies that have
subsidiary banks in more than one State are
included in the total only once. The total
shown here represents only 1 1 1 separate bank
groups because in 10 instances the bank
group is controlled by a bank holding company that is in turn controlled by another
bank
holding company,
4
A breakdown of the figures by States,
shown above.
For "General Note," see below.

GENERAL NOTE TO TABLE 8.2


Holding companies comprise the following: Those registered pursuant to the Bank Holding Company Act of 1956, and those so defined in the Bank Holding Company Act of 1956 as amended
(except that in 1970 the figures do not include companies as a result of the "Bank Holding Company
Act Amendments of 1970" approved Dec. 31, 1970).
The data for number of offices, assets, and deposits are for those banks of which the bank holding
companies owned or controlled 25 per cent or more of the outstanding stock.

458

Section 9

FEDERAL RESERVE BANKS


Contents
INTRODUCTION

461

FEDERAL RESERVE NOTES

464

GOLD CERTIFICATES

462

RESERVE POSITION

464

FEDERAL RESERVE BANK


CREDIT

EARNINGS

465

463

DEPOSITS

463

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459

SERVICES OF THE RESERVE


BANKS
._ 465

Tables

9.1

Statement of Condition of Federal Reserve Banks


A. Consolidated Statement for All Banks, 1960-70
467
B. All Banks Combined, 1941-70
468
C. Each Bank, 1945, 1955, 1964, and 1970
____ 472
9.2 Principal Assets and Liabilities of Each Federal Reserve Bank, 1941-70 _
478
9.3 Discounts and Advances Held by All Federal Reserve Banks Combined,
1937-70
_ 482
9.4 Acceptances by Class of Paper Held by All Federal Reserve Banks
Combined, 1937-70
.
484
9.5 U.S. Government Securities Held by All Federal Reserve Banks Combined
A. Types of Issues, 1941-70
485
B. Maturity Distribution, 1941-70
488
9.6 Industrial Loans of All Federal Reserve Banks Combined
A. Number and Amounts Applied for and Approved and
Amounts Outstanding, 1934-59
__
=_^_ 492
B. Maturity Distribution of Loans Outstanding, 1934-59
____ 493
9.7 Deposits, Federal Reserve Note Liabilities, Reserves, and Reserve Ratio of
All Federal Reserve Banks Combined, 1941-68
.
494
9.8 Federal Reserve Notes: Amounts Outstanding and Collateral
A, All Reserve Banks Combined, 1941-70
499
B. Each Reserve Bank, 1945, 1955, 1965, and 1970 __
500
9.9 Earnings and Expenses of Federal Reserve Banks
A. Summary: Cumulative, 1914-70; and Annually, 1942-70
501
B. Detail for Each Bank During 1970
502
9.10 Volume of Operations in Principal Departments of All Federal Reserve
Banks Combined, 1941-70
_
_____
504

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460

Section 9

FEDERAL RESERVE BANKS

INTRODUCTION
This section contains statistics on the condition and operations of the Federal Reserve
Banks. Their significance and their arrangement from the viewpoint of Federal Reserve
policy and the money market are explained in
"Member Bank Reserves and Related Items/'
Section 10 of this publication. Discussions of
the purposes, functions, and operations of the
System arc available in several publications of
the Board, such as The Federal Reserve SystemPurposes and Functions, published in
1974, and Banking Studies, published in 1941.
The statistics In this section show the financial condition of the 12 Reserve Banks; they
are published in the Board's weekly release
(HA 1), "Factors Affecting Bank Reserves
and Condition Statement of Federal Reserve
Banks," and in the Federal Reserve Bulletin.
As required by Section 11 of the Federal Reserve Act, the statements show the character
of the money held as reserve and the amount,
nature, and maturities of the paper and other
investments owned by Federal Reserve Banks.

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461

The first condition statement of the Federal


Reserve Banks was published November 21,
1914_just 5 days after the Banks opened.
Through April 22, 1921, the statements were
released Saturday as of Friday; since then they
have been released Thursday as of Wednesday.
Because of its broad coverage and the promptness with which it is available, the statement is
useful in indicating the direction of Federal
Reserve policy as it influences the supply of
member bank reserves.
The form of the condition statement has
changed over the years. Reporting of some
items, especially those relating to reserves of
the Federal Reserve Banks and to collateral for
Federal Reserve notes, has been affected by
changes in the Federal Reserve Act, as noted
below in the discussion of specific tables.
The material on operations of the Federal
Reserve Banks was taken from a variety of reports that the Reserve Banks submit regularly
to the Board of Governors. These statistics
serve chiefly to assist the Board in supervising

Federal Reserve Banks

the Reserve Banks, and they also indicate the


size and scope of Federal Reserve Bank services, and the expansion or contraction in the
public's need for such services.
This section includes 10 tables. For the
most part the statistics in these tables are for
all Federal Reserve Banks combined. The exceptions are in Table 9.1 A, which shows a

consolidated statement for all of the Reserve


Banks, and in Tables 9.1 C; 9.2; 9.8 B; and
9.9 B; each of the latter four shows statistics for each of the 12 Reserve Banks. As a
general rule, the statistics are annual or semiannual for the period 1941-70. In Tables 9.1 C
and 9.8 B, however, they are for selected
year-end dates.

GOLD CERTIFICATES
The Treasury is authorized to issue gold
certificates to the Federal Reserve Banks
against any gold held by the Treasury. Gold
certificate holdings of the Reserve Banks are
thus backed dollar for dollar by gold in the
Treasury and are dependent primarily upon
the size of the monetary gold stockor to be
more precise, upon that part of the gold stock
against which the Treasury has issued gold
certificates or credits payable in gold certificates.
Until 1968 the amount of gold certificate
assets shown on the Federal Reserve Bank
condition statement was divided between the
gold certificate account and the redemption
fund for Federal Reserve notes. The redemption fund consisted of a deposit by each Federal Reserve Bank with the Treasury against
which the amounts of notes redeemed by the
Treasury were charged. In practice these redemptions were small and were confined
mostly to the notes that the Treasury received
locally from commercial banks in the District
of Columbia. The maintenance of the redemption fund was discontinued effective with the
elimination of the gold reserve requirement
against Federal Reserve notes in March 1968.
Before June 1945, the Reserve Banks were
required to hold reserves in gold certificates of
not less than 40 per cent against their notes in
circulation and reserves in gold certificates or
lawful money of not less than 35 per cent
against deposits. Between June 1945 and
March 1965 the reserve percentages required
were 25 per cent in each case. The reserve re-

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quirements against deposits and notes were


eliminated by the Congress in 1965 and 1968,
respectively.1
For convenience, Tables 9.1 B and C on assets and liabilities of Reserve Banks include,
for year-end dates, ratios of total gold certificate
reserves to deposit and Federal Reserve note liabilities combined although cash reserves other
than gold certificates were countable against
deposits during part of the period covered by
the tables, Table 9.7 shows monthly data relating to the reserve position of Federal Reserve
Banks for the period 1941-68. Two columns
in this table summarize the reserve position
"reserve ratio" and "excess reserves." The remaining columns show the data on which these
figures are based. Except for the period before
June 1945 and for the period March 1965March 1968, the reserve ratio is the ratio of
total gold certificate reserves to deposit and
Federal Reserve note liabilities combined. During the earlier period it was the ratio of gold
certificate reserves and other cash to total deposits and note liabilities; and during the latter,
the ratio of gold certificates to Federal Reserve
notes. Excess reserves are the amount by which
total reserves exceed required reserves; the latter figures were computed by applying the current minimum legal ratios against notes and
deposits.
1

Table 9.1 C shows figures for 1964 rather than


for 1965 because reserve requirements against both
deposits and notes were still in effect as of the end
of 1964.
462

Section 9

FEDERAL RESERVE BANK CREDIT


The Federal Reserve Banks acquire earning
assetsprincipally Government securities, discounts and advances, and acceptanceswhen
they supply additional reserve funds to member banks. Year-end figures for these earning
assets are shown by broad classes in Tables 9.1
and 9.2. More detailed figures, including maturity distributions, for each class of asset are
shown in Tables 9.3-9.6.
The bulk of Federal Reserve Bank credit
consists of holdings of U.S. Government securities, and purchases and sales of such securities provide the chief instrument of Federal
Reserve monetary regulation. Table 9.5 shows
the types of Government securities held by the
Reserve Banks and their maturity distribution.
Data on holdings of Government securities by
each Federal Reserve Bank are shown in
Tables 9.1 C and 9.2. Detailed information on
issues held at the end of each year is given in
the Board's Annual Report.
Tables 9.1 and 9.2 show totals for discounts
and advances. In Table 9.3 borrowings by
member banks are shown separately from borrowings by others: the latter consist mostly of
foreign loans on gold. Member bank borrowings are divided to show the total of redis-

counted paper and the total of advances on


promissory notes. Under promissory notes are
shown the amounts secured by U.S. Government obligations, by other eligible collateral,
and by collateral not eligible for discount or
purchase under Sections 13, 13a, and 14 of
the Federal Reserve Act. These classifications
of discounts and advances are shown for all
Federal Reserve Banks combined as of the end
of June and December, 1937-70.
Table 9.4 shows amounts of acceptances
held by all Reserve Banks combined. These are
classified by method of purchasethat is,
whether bought outright or under repurchase
agreement. Total holdings are classified by the
maturity of holdings, and those bought outright
are further classified according to the nature of
the underlying transaction.
Details on industrial loansincluding the
number and amount of loans applied for and
approved, the outstanding amounts of direct
advances, commitments, and participations,
and the maturity distribution of advancesare
given in Table 9.6.2 (See Note, Table 9.6.)
2
For a description of "industrial loans," see Banking and Monetary Statistics (1914-41), p, 347.

DEPOSITS
Deposits at Federal Reserve Banks, shown in
Tables 9.1, 9.2, and 9.7, consist mainly of the
reserves of member banks. However, they also
include the principal checking accounts of the
Treasury, deposits of foreign banks and governments, and various other deposits, such as
those maintained by nonmember banks for use
in clearing and collecting checks and deposits
of various Government agencies.
Beginning late in 1959, the comparability of
figures on member bank reserve balances was
affected by a revision in the law. An amendment in that year to Section 19 of the Federal

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463

Reserve Act granted the Board authority to


permit member banks to count all or part of
their currency and coin as reserves. Part of
such cash was allowed as reserves between December 1, 1959, and November 23, 1960, and
all was allowed thereafter. Previously, since
mid-1917, banks had been allowed to count as
reserves only the balance on deposit at a
Federal Reserve Bank.3
3
Before June 21, 1917, member banks were authorized to hold a part of their reserves as cash in
their own vaults and a part on deposit with other
banks in addition to their balances with the Federal
Reserve Banks.

Federal Reserve Banks

FEDERAL RESERVE NOTES


Federal Reserve notes, which are liabilities
of the Federal Reserve Banks that issue them,
constitute the major part of the country's circulating medium as discussed in Section 11 of
this publication. They are a prior lien on all
assets of the issuing Reserve Bank and are
also obligations of the U.S. Government.
Federal Reserve notes must be secured by
the pledge of collateral of at least equal
amount. The original Federal Reserve Act limited the collateral to eligible paper representing
discounts by member banks, but the law was
amended in 1916 to include bills bought in the
open market and, in 1917, gold certificates
and member bank promissory notes. The
pledging of Government securities as collateral
was first authorized by the Congress in 1932 for
a temporary period. The authority was periodically extended, and in 1945 it was made permanent.
The Federal Reserve Act originally prohib-

ited a Federal Reserve Bank from paying out


notes of another Federal Reserve Bank. This
provision was thought to be necessary to prevent a redundancy in the circulation, but experience indicated that demand for currency
was in no way related to the Bank of issue.
The prohibition was removed by Congress in
July 1954, Since that time each Federal Reserve Bank has been allowed to recirculate
notes of other Federal Reserve Banks. Reserve
Banks classify as cash any such notes they have
on hand.
The liability of Reserve Banks for Federal
Reserve notes is shown for year-end dates
from 1941 through 1970 in Tables 9.1 and
9.2 and by months in Table 9.7. Information
regarding the amounts of Federal Reserve
notes issued and collateral pledged is given in
Table 9.8. Data on Federal Reserve notes in
circulation appear in Table 9.8 and also in
Section 11 of this publication.

RESERVE POSITION
Until 1968 the Federal Reserve Act provided that each Federal Reserve Bank should
maintain a reserve in gold certificates of not
less than 25 per cent against its Federal
Reserve notes. The Board of Governors was
authorized to suspend the requirement for
temporary periods but was required to establish
a graduated tax upon any deficiency in required
reserves.
Before June 1945, the Reserve Banks were
required to hold reserves in gold certificates of
not less than 40 per cent against their notes in
circulation and reserves in gold certificates or
lawful money of not less than 35 per cent
against deposits. Between June 1945 and
March 1965 the reserve percentages required
were 25 per cent in each case. By Act of Congress, approved March 3, 1965 (Public Law
89-3), the requirement that Federal Reserve

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Banks maintain reserves in gold certificates


against deposit liabilities was eliminated. Similarly, the requirement against Federal Reserve
notes was eliminated by Act of Congress approved March 18, 1968 (Public Law 90-269).
For convenience, Table 9.1 B on assets and
liabilities of Reserve Banks includes, for yearend dates, ratios of total gold certificate reserves to deposit and Federal Reserve note
liabilities combined (against notes only in
1965-68) although cash reserves other than
gold certificates were countable against deposits
during part of the period covered by the table.
Table 9.7 shows monthly data relating to the
reserve position of Federal Reserve Banks for
the period 1941-68. Two columns in this table
summarize the reserve position"reserve
ratio" and "excess reserves." The remaining
columns show the data on which these figures

464

Section 9
March 1965, when the reserve against deposits
was abolished, it is the ratio of gold certificate
reserves to Federal Reserve note liabilities. Excess reserves are the amount by which total reserves exceed required reserves; the latter figures are computed by applying the legal ratios
that were in effect against notes and deposits.

are based. For most of the period shown in


Table 9.7, the reserve ratio is the ratio of total
gold certificate reserves to deposit and Federal
Reserve note liabilities combined, For the period January 1941-June 1945, it was the ratio
of gold certificate reserves and other cash to
deposit and note liabilities combined. Beginning

EARNINGS
Deposit Insurance Corporation and, at the
same time, it eliminated the franchise tax in
order to permit the Federal Reserve Banks
to restore their surplus accounts from future
earnings,
By the end of 1946 the surplus of each Reserve Bank was at least equal to its subscribed
capital, and the procedure was adopted
whereby the Federal Reserve Banks began
paying the bulk of their net earnings to the
Treasury as interest on the amount of outstanding Federal Reserve notes not covered by
gold certificate collateral. In the years
1947-58 the Reserve Banks paid to the Treasury nine-tenths of their net earnings after dividends and after adjustments to maintain their
surplus accounts at the level of subscribed capital; in 1959 they began paying all of such
earnings. Since 1964 surplus has been maintained at the level of paid-in capital (which is
one-half subscribed capital).
The Reserve Banks may draw upon surplus
to absorb losses and to meet expenses and the
annual 6 per cent cumulative dividend when
earnings are low. In case of liquidation of the
Reserve Banks, the law provides that the surplus would go to the U.S. Government.

Table 9.9 A summarizes the volume and


disposition of the earnings of all Federal Reserve Banks combined for the years 1914-70;
and Table 9.9 B shows the details of earnings
and expenses of each Reserve Bank in 1970,
together with statistics on the number of
officers and employees as of the end of the
year.
The Federal Reserve Banks are not operated for profit, but they are self-supporting.
The nature and the amount of Reserve Bank
earnings depend largely upon the demand by
member banks for Reserve Bank credit and
upon Federal Reserve policy as to open market operations.
Until 1933, the law provided that the net
earnings of the Federal, Reserve Banks, after
the annual 6 per cent dividend on paid-in
capital stock, be allocated to surplus until surplus equaled subscribed capital stock. After
that, 10 per cent of such earnings were to be
added to surplus, and 90 per cent were to be
paid as a franchise tax to the U.S. Government.
In 1933 the Congress required the Reserve
Banks to subscribe an amount equal to onehalf of their accumulated surplus, or $140
million, for nondividend stock of the Federal

SERVICES OF THE RESERVE BANKS


Much of the time of the personnel of the
Reserve Banks is occupied with a variety of
services that they perform for banks and with
their functions as fiscal agents, depositaries,

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and custodians for the Treasury and other


Government departments and agencies.
The Reserve Banks are the medium through
which Federal Reserve notes are issued and all

465

Federal Reserve Banks

other kinds of U.S. moneypaper and coin


are put into circulation. They are also the medium through which money no longer needed
by the public or unfit for further use is removed from circulation. A nationwide system
for the collection of checks is conducted for
member banks and nonmember clearing banks.
The principal activities conducted by the
Federal Reserve Banks for the Treasury are
those incident to the issuance, exchange, and
redemption of Government securities and the
payment of Government checks and coupons.
The Reserve Banks also perform services for

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Federal Reserve Bank of St. Louis

466

other Government departments and agencies.


For some agencies they issue, exchange, and
redeem securities; for some they hold securities
in safekeeping; and for some they perform
special services, such as activities incident to
the food stamp program and to the guarantee
by the Government of loans under the Defense
Production Act of 1950.
Table 9.10 is a summary of the principal
services performed by the Reserve Banks during each of the years 1941-70. Current statistics are published each year in the Board's Annual Report.

FEDERAL RESERVE BANKS

9.1 STATEMENT OF CONDITION OF FEDERAL RESERVE BANKS


A.

CONSOLIDATED STATEMENT FOR ALL BANKS, END OF Y E A R , 1960-70


j l n millions of dollars]
I960

Item

1962

1963

15 445
16 4M
I , 066
1 ,170

14 430
1,266

11 819
1 ,418

H 505
1 , 570

11 702
1 ,734

10 836
1 , 838

16,615

15,696

15,237

15,075

13,436

12,674

363

320

288

182

145

P9

25

1 15
15

32
6

31
32

156
30

54
20

48
3

52
58

70
92

59
35

> ( iovt. securities:


tiiu^ht outright:
Mills
< 'ertificates
Notes
Bonds

2 900
9 060
12,481
2 543

3 193
1 699
19,984
3 846

2 442
13 182
10,717
4 137

4 142
7 066
17,729
4 645

I .>ial bought outright


'trlil under repurchase agreements

26,984
400

28,722
159

30,478
342

33,582
11

i.il U.S. Govt. securities

27,184

28 , 88 1

30,820

1961

1964

1965

1968

1969

1970

10 026
(')

10 036

10 457

M ,481

10,026

10,036

10,457

298

360

207

1 10

T1|

82

ss

74
99

130
11

163
25

no
si

0^
31 *>

34

38

75
1 1^

69
124

75
89

58

64

57

6 044

9 100

18 756

T> 266

5 965

24,828
6 550

1 1 803
4 351
2! ,302
6 199

15 975

25,188
5,274

26,918
6 087

28,706
5 475

31 ,392
3 496

33 *>36
9 941

36,506
538

40,478
290

43,655
627

48,980
132

52,937

57 , 1 54

62,142

33 593

37,044

40,768

44 , 282

49 , 1 ! 2

52,937

57,154

6"> 14">

41,092

44 , 682

49,455

53,183

57,401

6"1 534

1966

1967

Assets
l tvrtificiHc account
.
vuipiion fund for F.R. notes

. . .

1 7 , 479

1 r.old certificate reserves

9 550
1,93!

i.il Drawing Rights certificate account .

400

.. cash. .
.Mints and advances:
viircd by U.S. Govt. securities. .
Hlier
,
t> i,il agency obligations Held under repurchase
1*1 cements
cpianccs:
i' mjiht outright
it-Id under repurchase agreements

27 491

29,062

30,968

33 818

37,324

5 209
108

6,125
Ml

6,518
104

6,435
104

7,190
102

6 915
103

7,864
107

8 , 465
IP

9,451
113

10,574
116

1 1 178
P8

8)

153

295

209

237

276

947

257

629
34
314

875
211
332

1 ,604
233
316

2,061
230
603

1,967
219
441

257
166

50,859

52,470

53,931

56,176

60,389

62,652

67,043

72,026

75,874

80,864

85,913

t. notes
posits:
Member bnnk reserves
!.S. Treasurer General account. . .
oreign. . . .
)ther:
1 M F gold deposit All other.

27,924

28 , 802

30,151

32,381

34,659

37,074

39,339

41 ,642

44,726

47,473

50 323

17,081
485
217

17,387
465
279

17,454
597
247

17,049
880
171

18,086
820
229

18,447
668
150

19,779
416
174

20,999
1,123
135

21 ,807
703
216

22,095
1,312
134

24 150
1 156

320

424

291

321

211
377

233
430

230
517

219
588

166

533

34
321

1 ,067

lal deposits

18,316

18,451

18,722

18,391

19,456

19,620

20,957

22,920

23,473

24,348

26,687

3,36">
31

3 825
59

3,584
73

3,835
82

4 584
642

4,667
189

5,369
238

5,972
296

6,020
395

7,124
581

6,917

52,530

54 , 689

59,341

61 ,550

65,903

70,830

74,614

79,526

84 , 509

i.il loans and securities. . .


sh items in process of collection. .
nk premises
. . .
...
u-r assets:
V-nominated in foreign currencies
VI F gold deposited ~
\ \ \ other. , .
. . . .

..

i.il assets

57 ">

Liabilities

I erred availability cash items


icr liabilities

49,633

tal liabilities

51 , 1 3 7

148

582

Capital Accounts
pital paid in
plus
LI Ct. pi i

..
i. L.CUU

.:

tal liabilities and capital accounts


ntingent liability on acceptances purchased for
breign correspondents
. .
1

409
8! 7

445
888

467
934

497
990

524
524

55 1
551

570
570

598
598

630
630

669
669

702
702

50,859

52,470

53,931

56,176

60,389

62,652

67,043

72,026

75,874

80,864

85,913

230

126

86

92

125

144

191

156

109

146

250

13

- Gold deposited to m i t i g a t e the impact on the U.S. gold stock of


foreign purchases for the purpose of m a k i n g gold subscriptions to
the J M F under quota increases.

Legal requirement for maintenance of redemption funds eliminated

lar. 18, 1968.

Digitized for FRASER


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

467

FEDERAL RESERVE BANKS

9.1

STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


B. ALL BANKS COMBINED, END OF YEAR, 1941-70
[fn thousands of dollars]
Item

1941

1942

1944

1943

1945

1946

1947

1948

Assets
Gold certificate account
Redemption fund for F R notes

20490015 20 523 28 1 19 532 580 17 850 365 17 062,565 17,587 177 20810 170 22 335 430
800 359
794 1 16
687 127
630 650
594 126
13 668
30449
233 671

Total gold certificate reserves

20 503 683 20 553 730 19,766251 I g 444,49 1 17,862,924 18,381,293 21 497,297 22 966,080

F.R. notes of other Banks


Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
.
. .
.
Acceptances :
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
....
Notes
Bonds
...

...

36,287
260 678

57,053
354 084

90,598
329 822

112,514
242 189

153,226
236 315

163,385
267 890

162,242
272 631

186,738
292 "^03

2955

3 071
2500
13 649

5 255

79 825

10 134

3 751

201 865
47,040
1,941

15 739
147,340
550

34825
50,600
1 387

32680
190 125
832

9 504

6 768 268 11 1 47 9 1 8 12 831 245 1 4 744 983 11 433 410 5 487 406
2 467 300 4 886 640 8 364,461 7 496 012 6 796 505 6 077 569
355 300 1 476 550
677 900 1 568 221 2 1 1 9 650
790 550
753 390 2 852 869 10977 221
946 892
1 629 479 I 243 426

777 300
1 466 805

1 009 995
I 04! 000
1 345 059
2*792*581

2 254 475

6 188 635 1 1 542 947 1 8 846 205 24 262 248 23 349 685 22 559 334 23 332 746

Total U S Govt securities

2 254 475

6 188 635 1 1 542 947 1 8 846 205 24 262 248 23 349 685 22 559 334 23 332 746

Total loans and securities

2 266 934

6 207 855 11 558 336 18 929 781 24 5 1 3 054 23 513 314 22 646 1 46 23 556 383

Cash items in process of collection


Bank premises
Other assets:
Denominated in foreign currencies.
All other

J ?00 724
40 767

1 7 1 7 800
39 285

2 1 1 3 044
35 205

2 448 145
34 278 |

2 197 932
' 33*382

2 599 574
*2 406

2 984 999
33*007

2 860 27 1
32*348

47
43 724

47
88 788

136
61 174

136
57077

1 10
65 915

102
48 449

95
1 15 237

49
148 699

Total bought outright


..
Held under repurchase agreements

10 370

......

...

24 352 844 29 018 642 33 954 566 40 268 61 1 45 062 898 45 006 4 1 3 47 71 1 654 50 042 871

Total assets
Liabilities

8,192,169 12,192,986 16,906,359 21,731,017 24,649,132 24,945,304 24,820,434 24 161,103

F.R. notes
Deposits:
Member bank reserves
U S Treasurer General account
Foreign
'
Other

12450 333 13 116 809 12 885 984 14 372 899 15 914950 16 138 878 17 899 371 20 479 200
440,487
870,031 1 1 22 900
392 869
976,668
867,493
799 449
578 617
391 849
862 320
774 062
792 790 1 360 488 1 203 703
508 016
641 692
485 147
355 936
393 881
445 572
586 170
313 638
569 433
547 252

Total deposits

14 678,058 15,194,195 15,181,025 16,410,970 18,199,510 17,353,401 19,730,684 22 791,044

Deferred availability cash items


Other liabilities
Total liabilities

1 106 929
2 195

1 247 053
3 568

1 432 303
5 589

I 633 226
7,07!

1 619 770
7,661

2 019 896
9 392

2 449 763
14,806

2 "M9 336
10 652

23 979,351 28,637 802 33,525,276 39,782.284 44,476,073 44.327,993 47,015,687 49 282,135

Capital Accounts
Capital paid in
Surplus (Sec 7)
.
Surplus (Sec 13b)
Other capital accounts

...
...

Total liabilities and capital accounts


Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments
U.S. Govt. securities held in custody for foreign
account
. ...

Digitized for FRASER


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

142 180
157,501
26 780
47,032

1 46 026
160411
26829
47 574

154
188
26
60

104
097
965
124

162 531
228,153
27 165
68,478

177 095
358,355
27 428
23,947

186
439
27
24

830
823
455
312

195
448
27
24

517
189
543
718

20!
466
27
65

351
71 1
543
131

24 352 844 29 018 642 33 954 566 40 268 6 1 1 45 062 898 45 006 413 47 71 J 654 50042 871

89.6

75.0

61.6

48 4

41.7

43.5
6 547
8 309

14 597

10661

9 270

4 165

j
I 644 '

79,890

481 047

832 554

959 523

1 653 981 j

468

969

450

48 3
1

460
7 434
187 200

48 9
3 329
1 643
593 500

FEDERAL RESERVE BANKS

9.1 STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


B. ALL BANKS COMBINED, END OF YEAR, 1941-70Continued
[In thousands of dollars]
Item

1949

1950

1951

1952

1953

1954

1955

1956

Assets
Gold certificate account
.Redemption fund for F R notes

22,622,430 20,880,403 20,753,952 21,185,102 20,453,102 20,165,102 20,141,353 20,374,393


894 951
867 842
867 405
800 603
714 1 15
577 229
900 644
553 793

Total gold certificate reserves

23,176,223 21,457,632 21,468,067 21,985,705 21,353,746 21,032,507 21,009,195 21,269,344

F R. notes of other Banks


Other cash
Discounts and advances:
Member bank borrowings
Other
Industrial loans
Acceptances'
Bought o u t r i g h t
Held under repurchase agreements
U.S. Govt. securities:
Bought o u t r i g h t :
Bills

Certificates
Notes
Bonds

. . .

Total bought o u t r i g h t
Held under repurchase agreements. .

162 306
257 845

170088
266 7 1 6

201 141
323 175

239 458
322 020

214 128
37 f 761

239 001
374 660

344 535
340 898

350 598
306 196

8 345
69 500
2 070

67 395

19 347

2 556

4 637

126 879
29 500
3 892

12 855
15 000
1 879

9,970
133 334
708

106 762
1 000
702

25027
25 000
794

23 802
4403

33 541
35 222

4 829 247 1 243 971


741 950 2 596 312 2 167 000 1 502 696 1 721 270
467 860
6 275 450 2 334 195 12 724 598 4995,716 5,816,541 13,882,34! 5,920,699 10,932,699
562 200 12 526 226 5 068 073 13 773 671 13 263 671 6037 271 14, 165 913 9 153,913
7,217,700 4,620,075 5 344,127 4 521,975 3,641,150 2,801,750 2,801,750 2,801,750
18 884 597 20 724 467 23 604 658 24033 312 25 317 674 24 888 362 24 391 058 24 609 632
305,100
393,575
44,000
597,900
663,700
196 700
53 100

Total U.S. Govt. securities

18 884 597 20 777 567 23 801 358 24697,012 25,915,574 24,932,362 24,784,633 24,914,732

Total loans and securities

18 964 512 20 847 518 23 825 342 24 857 283i 25 945 308 25 076 374 24921 302 25034 316

Cash items in process of collection


Bank premises
Other assets:
Denominated in foreign currencies
A l l other
. . . .
Total assets

2 946 78 1
33*738

4 270 008
39 972

3 905 327
43 599

4 238 779
48,348

4 225 210
52,465

3 958 555
54,748

5,502,663
6 1 , 1 64

5,623,921
73,361

38
101 654

24
120 356

28
133 157

23
160 878

22
151 917

22
136,268

22
160,227

22
252,054

45,643,097 47,172.314 49,899,836 51,852,494 52,314,557 50,872,135 52,340,006

52,909,812

Liabilities
F. R. notes
Deposits:
Member bank reserves
U.S. Treasurer-General account
Foreign
Other

23,482,646 23,587,018 25 064,109 26.250,299 26,558,372 26,253,133 26,920,941 27,475,657

....

16 568 088 1 7 680 744 20055 716 19950 372 20,160,435 18,876,128 19,004,930 19,058,790
393,863
563,137
441,243
345,866
246,687
668,454
388,808
821,354
322,294
401,986
489,960
423,298
549,959
526 375
895 442
766 521
554,272
441,493
426,375
492,815
454915
564913
362 798
750 269
18 906 212 19 809 553 21 191 576 21 344,054 21,422,414 20,370,718 20,355,051 20,248,652

Total deposits
Deferred availability cash items. . . .
Other liabilities
.

....

2,412,620
9 474

2901,599
5 600

2,721,490
13 809

3 271,561
14,923

3,290,407
18,170

3,150,357
13,945

44810,972 46,303 770 48 990,984 50880,837 51,289,363 49,788,153

Total liabilities

3,917,294
14,687

3,959,006
17,279

51,207,973 51,700,594

Capital Accounts
Capital paid in
Surplus (Sec 7)
Surplus (Sec 13b)
Other capital accounts

. . .

Total liabilities and capital accounts


Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent l i a b i l i t y on acceptances purchased for
foreign correspondents
. . .
Industrial loan commitments
U.S. Govt. securities held in custody for foreign
account

Digitized for FRASER


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

210,891
488,173
27 543
105 518

225,102
510022
27 543
105 877

236,613
538 342
27 543
106 354

25'.,634
5f 4,676
27,543
106,804

265,266
625,013
27,543
107,372

287,754
660,901
27,543
107,784

302,739
693,612
27,543
108,139

325,602
747,593
27,543
108,480

45,643.097 47,172.314 49,899,836 51,852,494 52,314,557 50,872,135 52,340,006 52,909,812

49.4

46.4

46.2

44.5

44.4

44.6

10 507 :
2 288

21 410
3 754

20,9 1 3
6036

19,792
3,211

23,940
3,569

19,052
1,149

33,461
2,294

50,055
2,365

668,736

1,571,290

1,383,240

2,156,203

2,586,042

2,907,808

3,543,380

3,856.198

54.7

469

45.

FEDERAL RESERVE BANKS

9.1

STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


B. ALL BANKS COMBINED, END OF YEAR, 1941-70Continued
. [In thousands of dollars]

1957

Item

1958

1959

1960

1961

1962

1963

1964

Assets
Gold certificate account

21 215 392 19012893 18 185,642 16413 642 1 5 444 643 14,429,643 13,819,143 13 505 143
1 , 1 70,495 1,266,423 1,417,709 1,569,836
869,249
937,919
978,083 1,065,793

Total gold certificate reserves

22084641 19,950,812 19,163,725 17479,435 16,615,138 15,696,066

F.R. notes of other Banks


Other cash

Discounts and advances:


Member bank borrowings
Other
Industrial loans
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

15,236,852 1 5 074,979

443 288
338,622

476,993
336,474

524,450
359,396

525 056
362,726

503,117
321,066

488,703
286,591

497,156
182,692

684,235
145,833

50 364
5000
482

46063
17,900
336

452 726
5,000

24939
8,000

113934
15,000

37,242
1,000

30,310
32,000

155 851
30,000

42 337
23 351

43 290
5799

44 168
31,173

53 335
20,262

48 515
3,008

52562
57,692

69,978
91,742

58 929
34,839

983 573 2 250 450 2 605 765 2 900 1 73 3 193086 2 442,009 4,141,422 6 044 275
19 933 612 18 649 726 10 506993 9 059 743 1 699 500 1 3 1 8 1 939 7066231
2 867 565 I t 010298 12481 298 19 983 842 10717,281 17,729,041 25 187 522
2 801 750 2483771 2483,771 2 543,071 3,845,721 4,136,757 4,645,407 5 274,497

23 718 935 26 251 512 26 606,827 26 984 285 28,722,149 30,477,986 33,582,101 36,506,294
1 59 000
10,800
537 500
41 500
342 000
400 000
95000
519 350

Total bought outright


Held under repurchase agreements
Total U S Govt securities

. . .

...

24 238 285 26 346 5 1 2 26 648 327 27 384 285 28 881 149 30 819986 33592,901 37 043 794
24 359 819 26 459 900 27 181 394 27490 821 29 061 606 30 968 482 33,816,931 37 323413

Total loans and securities


Cash items in process of collection
Bank premises
Other assets:
Denominated in foreign currencies
All other

5 494 735
83 763

5 630 684
93,636

6 437 306
99,575

6 809 074
107,663

7482019
109,172

8 115,923
105,224

7,790,875
103,538

8 986 406
101,014

15
223 584

15
146641

15
261 740

15
209 032

14
239 314

80650
277,015

152620
248,351

294 899
257 399

53,028,467 53,095,155 54,027,601 52,983,822 54,331,446 56,018,654 58,029,015 62,868,178

Total assets
Liabilities

27 534 791 27 872 023 28261 967 28 449 08 1 29 305,205 30 644,052 32,878,191 35 342,215

F.R. notes
Deposits:
Member bank reserves
U S Treasurer General account
Foreign
Other
Total deposits

19 033 795 18 503 991 18 173970 17080617 17,387,089 17451,821 17,047,234 18,084,984
465 390
880 465
819985
503 778
484 740
596 566
358 364
480 810
228,910
278 859
217216
171,014
344 788
246,88 1
356 342
272 485
320 484
319 910
553 662
292 862
390851
693 735
426 559
246 284

......

. . .

Deferred availability cash items


Other liabilities

20 117231 19 525 691 19 716 271 18 336 235 18 451 248 18 721 827 18 391 575 19 454 363
4 070 844
14 948

4 335 126
21 683

4847 216
28 620

4941 102
31 272

5 1 80 848
61 675

5 183 882
68 116

5,192,859
81 816

6 378 886
644 928

51 737 814 51 754 523 52 854 074 51 757 690 52 998 976 54 617 877 56 544441 61 820 392

Total liabilities
Capital Accounts
Capital paid in
....
Surplus (Sec 7)
Surplus (Sec 13)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F.R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
. .
Industrial loan commitments
U.S. Govt. securities held in custody for foreign
account
.

Digitized for FRASER


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

345
809
27
108

106
198
543
806

363 098
868 410

387 403
774 808

109 124

11 316

408 709
817423

444,157
888 313

466,926
933 851

494,858
989,716

523,893
523 893

53 028 467 53 095 155 54027 601 52 983 822 54 331 446 56018 654 58 029 015 62 868 178
46 3

42 1

39 9

374

348

31 8

297

27 5

76 114
1 109

67 799
975

82006

230 399

1 26 004

85,521

91,852

1 22 447

3 729 276

3 694 92 1

4 476,770

5 725 840

6006 150

6,989,547

8,675,188

8,389,493

470

FEDERAL RESERVE BANKS

STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


B. ALL BANKS COMBINED, END OF YEAR, 1941-70Continued
[In thousands of dollars]

1965

1966

1967

1968

1969

1970

Gold certificate account


Redemption fund for RR. notes

11,702,122
1,733,998

10,835,903
1,837,860

9,549,803
1,930,632

10,025,515
C1)

10,036,392

10,457,392

Total gold certificate reserves. . , ,

13,430,120

12,673,763

11,480,435

10,025,515

10,036,392

10,457,392

875,366
130,253

857,513
300,683

727,538
359,263

784,712
205,603

770,380
110,361

1,064,790
220,893

96,847
41,000

172,450

143,296

188,580

183,372

335,135

33,800

37,800

74,509
111,925

69,121
123,998

74,873
89,324

57,715

63,914

57,446

9,100,669

11,803,658
4,351,015
21,301,957
6,198,762

15,975,333

18,756,205

22,265,236

25,964,854

24,827,722
6,549,797

26,918,382
6,086,502

28,706,i22
5,474,502

31,391,861
3,496,413

33,210,667
2,966,007

40,478,188
289,900

43,655,392
626,800

48,980,217
132,200

52,936,829

57,153,510

62,141,528

Total U.S. Govt. securities

40,768,088

44,282,192

49,112,417

52,936,829

57,153,510

62,141,528

Total loans and securities

41,092,369

44,681,561

49,457,709

53,183,124

57,400,796

62,534,109

8,756,206
102,590

10,296,160
106,501

11,042,480
110,817

11,816,255
113,276

12,881,961
116,527

14,248,064
128,203

629,046
34,271
315,608

874,607
211,490
332,879

1,604,458
315,237
233,090

2,060,664
230,118
481 , 398

1,966,722
219,110
441,754

257,276
165,900
569,808

65,371,829

70,335,157

75,331,028

78,900,665

83,944,003

90,046,435

F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer General account. .
Foreign
Other:
IMF gold deposit 2
All other

37,949,955

40,195,953

42,370,224

45,510 764

48,243,163

51,386,361

18,448,474
667,714
150,281

19,791,748
415,774
174,045

21,000,240
1,122,722
135,436

21,737,916
702,795
215,966

21,979,906
1,312,290
133,608

24,040,481
1,156,171
148,232

34,271
320,892

211,490
378,227

233,090
428,650

230,118
517,042

219,110
588,048

165,900
1,066,697

Total deposits

19,621,632

20,971,284

22,920,138

23,403,837

24,232,962

26,577,481

6,510,194
188,154

7,784,609
243,531

8,549,631
291,553

8,334,396
392,130

9,549,756
579,720

10,097,970
581,061

64,269,935

69,195,377

74,131,546

77,641,127

82,605,601

88,642,873

550,947
550,947

569,890
569,890

599,741
599,741

629,769
629,769

669,201
669,201

701,781
701,781

65,371,829

70,335,157

75,331,028

78,900,665

83,944,003

90,046,435'

Item
Assets

Special Drawing Rights certificate account


F.R. notes of other Banks
Other cash. .
Discounts and advances:
Member bank borrowings
Other
.
. . .
Federal agency obligations Held under repurchase agreement
Acceptances:
Bought outright
Held under repurchase agreements. . .
....
U.S. Govt. securities:
Bought outright:
Bills
Certificates.
Notes
Bonds
Total bought outright
Held under repurchase agreements .

Cash items in process of collection


Bank premises
Other assets:
Denominated in foreign
currencies
IMF gold deposited 2
All other
Total assets

400,000

Liabilities

Deferred availability cash items. .


Other liabilities
Total liabilities. . .
Capital Accounts
Capital paid in
Surplus
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to F.R. note liability (per cent) 3. .
Contingent liability on acceptances purchased for foreign correspondents
.
U.S. Govt. securities held in custody for foreign account

35.4

31.5

27.1

0)

143,523
8,271,826

190,554
7,036,407

155,875
9,223,398

109,198
9,119,718

1
Legal requirement for maintenance of redemption funds eliminated
Mar.
18, 1968.
2
Gold deposited to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
IMF under quota increases.

Digitized for FRASER


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

471

250,067
145,948
7,030,441 Ul,197,414

3
Legal requirement for maintenance of gold reserve against F.R
deposits
eliminated Mar. 3, 1965.
4
Holdings for foreign and international accounts.

FEDERAL RESERVE BANKS

9.1 STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


C. EACH BANK, END OF YEAR, 1945, 1955, 1964, AND 1970
[In thousands of dollars]
New York

Boston
Item

1955

1945

1964

1970

1945

1955

1964

1970

Assets
Gold certificate account
Redemption fund for F.R. notes

747,953
59,189

962,856
53 , 542

678,799
89,783

591,080
(0

4,908,821
124,283

5,189,433
180,781

3,072,782
355,065

1,942,743
(l)

Total gold certificate reserves

807,142

1,016,398

768,582

591,080

5,033,104

5,370,214

3,427,847

1,942,743

17,675
36,867

55,855
65,444

183,441
32,083

186,874
20,419

197,330
217,014

18,950
2 292

33,000
27,980

103,720

23,802
4,403

58,929
34,839

57,446

F.R. notes of other Banks, . . .


Other cash
Discounts and advances:
Member bank borrowings. .
Other
Federal agency obligations Held under
repurchase agreements
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills .
Certificates
Notes
Bonds

93,000

23,000

Special Drawing Rights certificate account.


4,463
18,536

24,368
23,567

48,701
8,894

1,060
3,149

1,300
60

17,350
1,440

131,442
9,629

110

718,776
583,354
147,829
66,038

82,985
326,965
782,298
154,724

316,408

1,270,356

381,902
1,504,716
3,600,196
712,051

6,620,389

1,626,122
143,858

3,052,191
2,098,442
531,769
237,552

1,448,441

1,318,491
276,104

6,035,837
1,263,959

8,474,438
749,709

1,515,997

1,346,972

1,911,003

3,040,336

5,919,954

6,198,865
393,575

8,748,237
537,500

15,844,536

Total U.S. Govt. securities. . .

1,515,997

1,346,972

1,911,003

3,040,336

5,919,954

6,592,440

9,285,737 15,844,536

Total loans and securities

1,520,316

1,348,332

1,929,793

3,040,336

6,134,298

6,639,887

9,420,485 16,005,702

160,798
1,352

485,280
5,642

643,758
2,981

779,706
2,328

420,234
8,674

1,025,230
7,766

1,833,246
7,803

2,810,169
8,188

14,155

12,336

^40

26

278,443

40,775

15,382

39,165

61,083

268,124
165,900
142,875

Total bought outright


Held under repurchase agreements

Cash items in process of collection


Bank premises
Other assets:
Denominated in foreign currencies
IMF gold deposited 3
All other . . .

4,650

8,412

13,272

2,517,264

2,912,000

3,430,136

4,630,632 11,666,274 13,203,657 15,044,431 21,443,994

1,478,972

1,613,946

2,083,514

2,918,742

5,407,924

6,120,412

8,253,862 12,196,485

709 , 430
89,027
56,168

861,914
29,377
23,160

653,334
54,791
10,560

875,401
51,809
6,000

4,855,437
293,764
2
337 ,584

5,552,721
68,614
M28,673

4,829,799
152,505
267,430

6,162,143
336,769
256,232

4,379

6,115

5,281

15,121

343,765

369,765

180,824

165,900
570,629

Total deposits

859,004

920,566

723,966

948,331

5,830,550

6,119,773

5,230,558

7,291,673

Deferred availability cash items


Other liabilities

140,710
406

308 , 1 87
658

542 , 284
30,670

668,951
29,054

236,189
1,413

642,671
5,414

1,113,473
172,112

1,438,862
147,395

2,479,092

2,843,357

3,380,434

10,635
22,439
3,012
2,086

16,161
41,667
3,011
7,804

24,851
24,851

2,517,264

2,912,000

3,430,136

Total assets
Liabilities
F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer General account
Foreign
Other:
IMF gold deposit 3
All other .

Total liabilities

4,565,078 11,476,076 12,888,270 14,770,005 21,074,414

Capital Accounts
Capital paid in
Surplus (Sec. 7)
Surplus (Sec I 3b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit
and F.R. note liabilities combined (per
cent)
Contingent liability on acceptances purchased for foreign correspondents
Industrial loan commitments

34.5
154

40.1

27,4

2,010

5,895

For notes see end of table.

Digitized for FRASER


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

472

32,777
32,777

63 , 630
116,860
7,205
2,503

4,630,632 11,666,274

0)

12,005

44.8

89,473
195,827
7,319
22,678

137,213
137,213

184,790
184,790

1 3 , 203 , 567 15,044,431 21,443,994

43.9

25.4

29,743

232,311

(')

2 65,993

FEDERAL RESERVE BANKS

9.1 STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


C. EACH BANK, END OF YEAR, 1945, 1955, 1964, AND 1970Continued
[In thousands of dollars]
Philadelphia
Item

1945

Cleveland

1964

1955

1970

1945

1955

1964

1970

Assets
Gold certificate account
Redemption fund for F.R. notes

878,051
61,134

1,105,726
6l t 738

759,801
85,890

721,184
t1)

1,070,132
78,031

1,702,371
78,193

1,146,855
137,795

1,095,005

Total gold certificate reserves

939,185

1,167,464

845,691

721,184

1,148,163

1,780,564

1,284,650

1,095,005

7,298
15,577

37,672
16,770

51,395
4,523

60,447
9 t 76t

10,569
15,768

17,923
27 , 270

47,080
10,555

67,230
24,815

250
4,136

26,855
73

455
1,680

150

450
4,089

525
91

20,000
2,730

1,763

642

760,805
621,726
157,554
70,383

91,457
360,345
862,166
170,520

331,621

1,362,662

1,381,863
289,375

1,744,277
154,311

1,129,195
802,373
203,332
90,833

129,146
505,161 2,025,545
508,843
1,217,461 '2,'i05;647" 2,592,801
240,791
440,816
229 , 377

1,610,468

1,484,488

2,002,859

3,261,250

2,225,733

2,096,241

3,051,024

4,847,723

Total U S Govt. securities

1,610,468

1,484,488

2,002,859

3,261,250

2,225,733

2,096,241

3,051,024

4,847,723

Total loans and securities

1,616,617

1,512,058

2^004,994

3,261,400

2,230,272

2,096,857

3,073,754

4,847,723

139,850
3,313

327,844
5,050

492,199
2,741

693,676
2,534

217,034
3,989

653,563
5,905

616,036
5,931

911,820
12,234

10

16,514

13,108

10

26,836

22,874

21,154

43,204

Special Drawing Rights certificate account. . .


F.R. notes of other Banks
Other cash

. ,

Discounts and advances:


Member bank borrowings
Other
Federal agency obligations Held under
repurchase agreements
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreements

Cash items in process of collection


Bank premises
Other assets:
Denominated in foreign currencies
IMF gold deposited 2
All other
Total assets

0)

33,000

23,000

4,353

9,264

13,754

29,562

6,349

13,551

2,726,203

3,076,124

3,431,811

4,814,672

3,632,154

4,595,635

5,085,996

7,057,905

1,635,243

1 , 839 , 889

2,077,101

2,933,549

2,096,342

2,492,709

3,004,814

4,198,316

799 , 634
59,678
72,195

868,455
22,008
28,178

783,820
74,653
12,320

1,163,060
64,016
6,375

1,156,889
84,773
71,375

1,492,811
26,036
35,126

1,350,868
69,558
20,020

1,813,296
76,408
11,125

Liabilities
F R notes
Deposits:
Member bank reserves
U.S. Treasurer General account
Foreign
Other:
IMF gold deposit z
All other

""12^884"

4,308

15,458

6,586

16,473

9,671

8,397

23,383

Total deposits

935,815

934,099

877,379

1,249,924

1,322,708

1,566,857

1,448,843

1,924,212

Deferred availability cash items. . .


Other liabilities

106,130
500

219,651
751

384,022
35,081

529,335
29,919

157,950
790

432,141
1,185

481,765
56,392

763,832
45,324

2,677,688

2,994,390

3,373,583

4,742,730

3,577,790

4,492,892

4,991,814

6,931,685

13,064
28,946
4,501
2,004

19,757
49,491
4,489
7,997

29,114
29,114

35,971
35,971

17,654
33,745
1,007
1,958

29,296
62,563
1,006
9,878

47,091
47,091

63,110
63,110

2,726,203

3,076,124

3,431,811

4,814,672

3,632,154

4,595,635

5,085,996

7,057,905

Total liabilities
Capital Accounts
Capital paid i n
Surplus (Sec. 7)
Surplus (Sec 13b)

Total liabilities and capital accounts


Ratio of gold certificate reserves to deposit
and F.R. note liabilities combined
(per cent)
Contingent liability on acceptances purchased for foreign correspondents

36.5
703'

42.1

28.6

2,445
41

6,877

For notes see end of table.

Digitized for FRASER


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

473

0)

12,755

33.6

3o6 '

43.9

28.8

3,048
322

11,175

0)

22,258

FEDERAL RESERVE BANKS

9.1 STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


C. EACH BANK, END OF YEAR, 1945, 1955, 1964, AND 1970Continued
[In thousands of dollars]
Atlanta

Richmond
Item

1955

1,042,110
60,083

1,275,460
72,427

1,102,193

1,347,887

1964

1970

1945

895,509
133,365

1,043,808
0)

1,022,330
45,950

889 , 1 1 1
53,717

733,007
95,011

555,320
(l)

1,028,874

1,043,808

1,068,280

942,828

828,018

555,320

12,545
25,352

48,161
27,113

62,750
13,413

1,645

19,700
43

18,662
1,680

1964

1945

1955

1970

Assets
Gold certificate account
Redemption fund for F.R. notes

. ..

Total gold certificate reserves

36,000

Special Drawing Rights certificate account. .


F.R. notes of other Banks
Other cash
Discounts and advances:
Member bank borrowings
Other
. . .
Federal agency obligations Held under
repurchase agreements
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes
Bonds

Total bought outright.

29,092
18,487

38,250
23,788

56,420
8,661

775
1,974

4,125
50

12,355
1 , 500

82,643
12,798

22,000
222,298
29,738

53

344,781
77,566
305,615
731,216 ' M36,' 772'
300,873
144,621

1,349,004

88,530
348,812
834,571
165,062

1,378,207

1,436,975

2,647,039

4,625,815

1,209,459

1,259,018

2,082,426

3,228,563

438,268

1,932,823

634,373
420,812
106,637
47,637

675,894
513,908
130,229
58,176

1,826,322 ' 2 ^ 4 7 4 ^ i i 4 '


382,449
218,878

1,726,795
152,764

nc u uiiuci it;puic else dgiecmc. is

Total U.S. Govt. securities

1,378,207

1,436,975

2,647,039

4,625,815

1 , 209 , 459

1,259,018

2,082,426

3,228,563

Total loans and securities

1,381,009

1,441,150

2,660,894

4,625,815

1,211,104

1,278,761

2,102,768

3,228,563

192,767
2,769

437,745
5,218

666,005
4,885

996,018
11,418

150,104
1,568

376,499
4,045

714,422
18,347

1,455,506
16,870

14,745

13,107

16,514

16,705

18,493

45,078

3,699

9,001

14,874

28,643

Cash items in process of collection


Bank premises
Other assets:
Denominated in foreign currencies
IMF gold deposited 2
All other

, ,,.

Total assets

3,955

9,161

2,730,277

3,303,200

4,458,977

6,866,685

2,472,656

2,686,409

3,771,106

5,575,643

1,738,344

2,024,917

3,010,112

4,604,378

1,483,961

1,398,443

2,084,907

2,644,770

727,247
42,299
34,457

833,907
17,777
19,300

780,280
56,782
11,000

1,306,815
38,829
6,375

762,425
53,726
28,714

851,420
39,760
16,598

993,100
48,126
12,320

Liabilities
F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer General account
Foreign
Other:
IMF gold deposit 2
All other

1,605,885
79 , 1 1 8
8,125

3,758

21,225

10,076

30,087

4,087

5,766

6,217

14,605

Total deposits

807,761

892,209

858,138

1,382,106

848,952

913,544

1,059,763

1,707,733

Deferred availability cash items


Other liabilities

155,713
338

325,780
612

504,148
34,301

766,518
42,280

1 1 5 , 889
322

322,119
591

527,647
37,297

1,099,667
29,742

2,702,156

3,243,518

4,406,699

6,795,285

2,449,124

2,634,697

3,709,614

5,481,913

7,177
15,593
3,326
2,025

13,772
35,012
3,349
7,549

26,139
26,139

35,700
35,700

6,354
14,450
762
1,966

13,693
30,841
762
6,416

30,746
30,746

46,865
46,865

2,730,277

3,303,200

4,458,977

6,866,685

2,472,656

2,686,409

3,771,106

5,575,643

43.3

46.2

26.6

45.8

40.8

26.3

1,675
11

6,140

1,440

6,877

200

Total liabilities
Capital Accounts
Capital paid in
Surplus (Sec. 7)
Surplus (Sec 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit
and F.R. note liabilities combined
(per cent)
Contingent liability on acceptances purchased for foreign correspondents

For notes see end of table.

Digitized for FRASER


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

474

(l)

12,755

t1)

16,256

FEDERAL RESERVE BANKS

9.1 STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


C. EACH BANK, END OF YEAR, 1945, 1955, 1964, AND 1970Continued
[In thousands of dollars]
Chicago
Item

St. Louis
1945

1945

1955

1964

1970

Gold certificate account . .


Redemption fund for F.R. notes

3,027,003
135,309

3,657,307
155,100

2,206,999
286,968

2,209,626
0)

588,990
42,997

895,248
44,502

573,229
62,801

468,866
0)

Total gold certificate reserves

3,162,312

3,812,407

2,493,967

2,209,626

631,987

939,750

636,030

468,866

1964

1955

1970

Assets

Special Drawing Rights certificate account, .

15,000

70,000
16,558
28,148

32,502
50,521

61 , 576
25,467

60,299
31,942

9,042
15,293

14,289
20,063

32,033
6,401

32,101
12,279

6,110

3,200
140

2,250
4,230

226,925

1,750
1,450

1,800
38

200
1,020

380

2,299,424
1,095,666
277,655
124,034

262,110
1,032,730
2,470,918
488,701

1,043,401

4,088,790

62,359
245,697
587,857
116,267

952,157

5,233,861
463,024

493,510
427,625
108,365
48,409

237,816

4,348,046
910,521

991,028
207,530

1,218,810
107,825

3,796,779

4,254,459

6,301,968

9,785,675

1,077,909

1,012,180

1,436,374

2,278,792

Total U.S. Govt. securities. .

3,796,779

4,254,459

6,301,968

9,785,675

1,077,909

1,012,180

1,436,374

2,278,792

Total loans and securities.

3,802,889

4,257,799

6,308,448 10,012,600

1,081,109

1,014,018

1,437,594

2,279,172

341,424
3,106

900,964
6,071

1,401,289
21,531

2,327,046
16,887

103,677
2,059

225,904
3,399

409 , 868
5,902

671,121
12,125

14

41,581

38,036

10,027

8,738

86,758

3,966

6,455

10,614

19,730

9,089,355 10,397,285 14,853,194

1,847,136

2,223,879

2,548,469

3,519,132

F.R. notes of other Banks


Other cash..
Discounts and advances:
Member bank borrowings
Other
Federal agency obligations Held under
repurchase agreements
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes .
Bonds. .
Total bought outright
Held under repurchase agreements

Cash items in process of collection


Bank premises
Other assets:
Denominated in foreign
currencies
IMF gold deposited 2
All other
Total assets

9,410

7,363,861

29,088

43,426

Liabilities
F.R. notes
Deposits:
Member bank reserves ....
U.S. Treasurer General account
Foreign
Other:
IMF gold deposit 2
All other

4,444,533

5,190,330

6,386,417

9,003,044

1,063,366

1,248,229

1,409,903

1,951,220

2,347,115
139,437
106,652

2,987,410
40,009
54,040

2,638,239
81,055
31,020

3,429,976
103,606
18,500

599,150
37,877
24,612

716,406
7,888
14,668

694,157
56,288
7,480

884,761
73,886
4,250

4,907

16,540

17,653

26,322

4,016

10,906

Total deposits

2,598,111

3,097,999

2,767,967

3,834,237

677,940

765,284

761,941

973,803

241 , 594
1,825

640,401
2,480

999,001
94,694

1,713,965
91,035

84,735
299

164,959
545

318,377
22,362

525,049
20,972

8,931,210 10,248,079 14,642,284

1,826,340

2,179,017

2,512,583

3,471,048

105,455
105,455

5,611
12,939
527
1,719

10,564
27,649
521
6,128

17,943
17,943

24,042
24,042

9,089,355 10,397,285 14,853,194

1,847,136

2,223,879

2,548,469

3,519,132

36.3

46.7

Deferred availability cash items


Other liabilities
Total liabilities

7,286,063

282,155 ""ie.'soi'

Capital Accounts
Capital paid in
Surplus (Sec. 7)
Surplus (Sec. 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit
and F.R. note liabilities combined
(per cent)..
Contingent liability on acceptances purchased for foreign correspondents
Industrial loan commitments

21,074
53,029
1,429
2,266
7,363,861
44.9

40,487
101,894
1,429
14,335

27.2

46.0

4,690

For notes see end of table.

Digitized for FRASER


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

74,603
74,603

475

17,315

(l)

37,014

1,273

29.3
4,175

0)

8,503

FEDERAL RESERVE BANKS

9.1 STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


C. EACH BANK, END OF YEAR, 1945, 1955, 1964, AND 1970Continued
[In thousands of dollars]
Kansas City

Minneapolis
Item

1945

1964

1955

1970

1945

1964

1955

1970

Assets
Gold certificate account
Redemption fund for F.R. notes. . .

331,936
20,145

339,279
23,729

281,685
28,017

160,662
0)

584,231
35,246

832,999
41,731

562,532
62,448

424,435
0)

Total gold certificate reserves

352,081

363,008

309,702

160,662

619,477

874,730

624,980

424,435

Special Drawing Rights certificate account. ,


F R. notes of other Banks
Other cash
Discounts and advances:
Member bank borrowings
Other
Federal agency obligations Held under
repurchase agreements
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes.
.
Bonds

Total bought outright


Held under repurchase agreements

7,000

15,000

6,713
7,685

9,587
7,908

26,872
4,526

30,853
6,424

9,287
15,130

8,868
15,129

17,910
5,947

37,376
17,124

1,081

1,355
25

500
690

500

250
1,410

16,952
38

22,479
1,320

3,460

65,353
257,491
616,075
121,848

232,475

1,013,902

57 , 660

531,497
417,570
105,817
47,271

968,813
202,878

1,272,162
140,501
2,426,565

60

15

312,354
232,112
58,818
26,275

36,414
128,506
143,476
343,283 "'535;588'
67,895
112,157

629 , 559

591,068

776,251

1,218,595

1,102,155

1,060,767

1,404,166

509,170

"'esijes'

Total U.S. Govt. securities

629,559

591,068

776,251

1,218,595

1,102,155

1,060,767

1,404,166

2,426,565

Total loans and securities

630,640

592,508

777,441

1,219,095

1,103,830

1,077,757

1,427,965

2,430,025

54,099
1,263

1 37 , 663
2,194

250,018
3,598

466,579
11,503

115,564
2,597

222,454
3,490

583,349
6,339

928,880
17,904
10,795

Cash items in process of collection .


Bank premises
Other assets:
Denominated in foreign
currencies
IMF gold deposited 2
All other

. ...

6,783

5,655

12,976

1,799

3,805

5,407

11,293

3,134

6,816

12,279

21,051

1,054,283

1,116,674

1,384,347

1,919,064

1,869,022

2,209,245

2,691,745

3,902,590

F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer General account
Foreign
Other:
IMF gold deposit2
All other

551,859

531,709

631,006

875,075

910,750

1,051,429

1,348,974

1,877,859

405,586
25,108
9,650

465 , 642
54,246
5,060

623,255
48,642
2,750

774,851
42,323
24,612

884,226
34,666
14,668

823,596
64,539
9,680

1,104,334
96,035
5,250

2,425

5,693

2,779

5,576

1,281

4,835

5,892

1 2', 252

Total deposits

444,984

446,037

527,727

680,223

843,067

938,395

903,707

1,217,871

41 , 673
332

108,768
411

186,063
15,231

320,269
1 1 , 899

94,418
289

174,184
521

364,630
27,832

724,443
22,931

1,038,848

1,086,925

1,360,027

1,887,468

1,848,524

2,164,529

2,645,143

3,843,106

3,861
8,869
1,073
1,632

6,861
17,586
1,073
4,229

12,160
12,160

15,798
15,798

5,731
11,891
1,137
1,739

11,951
25,960
1,137
5,668

23,301
23,301

29,742
29,742

1,054,283

1,116,674

1,384,347

1,919,064

1,869,022

2,209,245

2,691,745

3,902,590

35.3

37.1

26.7

35.3

44.0

27.7

838

2,824

1,273
1,920

5,403

Total assets
Liabilities

Deferred availability cash items


Other liabilities
Total liabilities

385,403
38,287
18,869

Capital Accounts
Capital paid in .
Surplus (Sec. 7)
Surplus (Sec 13b)
Other capital accounts
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit
and F.R. note liabilities combined
(per cent)
Contingent liability on acceptances purchased for foreign correspondents
Industrial loan commitments
For notes see end of table.

Digitized for FRASER


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

476

0)

5,502

(l)

10,504

FEDERAL RESERVE BANKS

9.1 STATEMENT OF CONDITION OF FEDERAL RESERVE BANKSContinued


C. EACH BANK, END OF YEAR, 1945, 1955, 1964, AND 1970Continued
[In thousands of dollars]
Dallas
Item

1955

1945

San Francisco

1964

1970

1945

1955

1964

1970

Assets
Gold certificate account
Redemption fund for F.R. notes

465,459
26,155

785,592
26,921

647,556
51,175

198,628
0)

2,395,549
111,837

2,505,971
75,461

1,946,389
181,518

1,046,032

Total gold certificate reserves. . .

491,614

812,513

698, 73 1

198,628

2,507,386

2,581,432

2,127,907

1,046,032

5,812
11 , 800

23,316
16,879

31,003
4,204

40,394
14,153

24,172
27,672

33,744
46,446

65,054
21,159

112,833
31,811

1,410

2,000
47

20,100
1,710

3,572

10,000
103

8,500
4,020

444,765
364,886
92,466
41,306

60,256
237,408
568,025
112,344

225,598

1,176,026

164,618
648,601
1,551,847
306,926

3,664,030

1,505,374
133,176

1,778,461
785,987
199,179
88,978

791,799

940,099
196,865

3,299,616
690,970

4,690,148
414,924

943,423

978,033

1,362,562

2,814,576

2,852,605

2,671,992

4,782,385

8,769,102

Total U.S. Govt. securities

943,423

978,033

1,362,562

2,814,576

2,852,605

2,671,992

4,782,385

8,769,102

Total loans and securities

944,833

980,080

1,384,372

2,814,576

2,856,177

2,682,095

4,794,905

8,769,102

83,162
829

227,375
2,146

489,179
11,203

874,364
7,913

219,219
1,863

482,142
10,238

887,037
9,753

1,333,179
8,299

Special Drawing Rights certificate account. .


F.R. notes of other Banks
Other cash

. ..

Discounts and advances:


Member bank borrowings
Other
Federal agency obligations Held under
repurchase agreements
Acceptances:
Bought outright
Held under repurchase agreements
U.S. Govt. securities:
Bought outright:
Bills
Certificates
Notes . .
Bonds
Total bought outright.
Held under repurchase agreements

Cash items in process of collection


Bank premises
Other assets:
Denominated in foreign
currencies
IMF gold deposited 2 . . .
All other
Total assets

14,000

0)

49,000

16,809

14,392

39,516

33,410

2,912

7,767

9,594

24,690

6,306

17,742

33,449

76,144

1,540,965

2,070,077

2,645,095

4,003,110

5,642,803

5,853,841

7,978,780

11,459,810

618,639

720,021

1,088,626

1,945,564

3,219,199

2,688,907

3,962,979

6,237,354

764,670
36,544
24,612

1,019,815
47 , 589
18,142

1,050,703
47,510
12,540

1,257,292
56,943
7,000

2,032,699
58,933
62,470

2,530,259
35,031
39,783

3,021,446
59,932
29,480

3,814,259
130,108
16,250

Liabilities
F.R. notes
Deposits:
Member bank reserves
U.S. Treasurer General account
Foreign
Other:
IMF gold deposit 2
All other

....
.. .

Total deposits
Deferred availability cash items
Other liabilities. .

....

Total liabilities

1,360

2,590

4,923

14,677

49,330

67,079

67,840

70,833

827,186

1,088,136

1,115,676

1,335,912

2,203,432

2,672,152

3,178,698

4,031,450

75,172
239

204,329
401

345,011
34,610

617,487
25,856

169,597
908

374,104
1,118

612,465
84,346

929 , 587
84,652

1,521,236

2,012,887

2,583,923

3,924,820

5,593,136

5,736,281

6,007
10,670
1,307
1,745

16,563
33,847
1,307
5,473

30,586
30,586

39,145
39,145

16,297
28,924
2,142
2,304

34 T 161
71,275
2,140
9,984

70,146
70,146

88,383
88,383

1,540,965

2,070,077

2,645,095

4,003,110

5,642,803

5,853,841

7,978,780

11,459,810

34.0

44.9

31.7

46.2

48.2

29.8

1,575

7,000

3,451

16,455

7,838,488 11,283,044

Capital Accounts
Capital paid in
....
Surplus (Sec. 7)
Surplus (Sec. I3b)
. . . .
Other capital accounts

...

Total liabilities and capital accounts


Ratio of gold certificate reserves to deposit
and F.R. note liabilities combined
(per cent)
Contingent liability on acceptances purchased for foreign correspondents
Industrial loan commitments

185'

1
Legal requirements for maintenance of gold reserve against F.R.
Bank deposit liabilities eliminated Mar. 3, 1965, and of gold reserve
against F.R. notes eliminated Mar. 18, 1968.

Digitized for FRASER


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

477

0)

14,006

92

C1)

32,513

2 Gold deposited to mitigate the impact on the U.S. gold stock of


foreign purchases for the purpose of making gold subscriptions to the
IMF under quota increases.

9.2 PRINCIPAL ASSETS AND LIABILITIES OF EACH FEDERAL RESERVE BANK, END OF YEAR, 1941-70
[In millions of dollars]
All F.R.
Banks

Year

Philadelphia

New
York

Boston

Cleveland

Richmond

Atlanta

St. Louis

Chicago

Minneapolis

Kansas
City

San
Francisco

Dallas

Gold certificate reserves

1941
1942
1943
1944
1945

20,504
20,554
19,766
18,444
17,863

1,166
1,174
1,048
919
807

8,165
6,857
5,927
5,256
5,033

1,225
1,153
1,054
988
939

1,628
1,716
1,426
1,373
1,148

792
956
1,055
954
1,102

552
765
909
929
1,068

3,425
3,572
3,828
3,335
3,162

633
726
663
652
632

395
477
374
360
352

558
662
681
676
619

415
521
479
545
492

1,549
1,974
2,322
2,457
2,507

1946
1947
1948
1949
1950

18,381
21,497
22,966
23,176
21,458

782
816
811
917
846

5,185
6,380
7,446
7,300
6,584

919
,077
,071
,257
,181

1,202
1,510
1,517
1,598
1,544

,163
,105
,029
,139
,004

1,071
1,054
1,104
1,036
930

3,506
4,273
4,478
4,458
4,260

642
667
715
730
631

378
455
494
447
388

620
786
864
863
868

491
531
601
712
648

2,421
2,843
2,837
2,719
2,573

td

1951
1952
1953
1954
1955

21,468
21,986
21,354
21,033
21,009

717
753
1,090
1,084
1,016

6,867
6,113
5,382
5,507
5,370

,201
,328
,362
,279
,167

1,595
1,532
1,853
1,794
1,781

995
,063
,142
,231
,348

973
936
971
959
943

4,344
4,550
3,895
3,725
3,812

604
689
907
830
940

350
353
510
446
363

775
938
896
879
875

582
745
848
836
813

2,464
2,985
2,498
2,462
2,581

21,269
22,085
19,951
19,164
17,479

929
1,067
944
949
895

5,601
5,705
5,476
4,899
4,074

,114
,244
,098
,111
,122

2,013
2,023
1,531
1,722
1,449

,387
,421
,119
,146
,116

883
880
922
964
982

3,767
3,962
3,494
3,183
2,979

865
952
798
770
722

374
413
481
382
371

840
885
792
753
825

754
836
751
744
764

2,742
2,696
2,545
2,540
2,181

1961
1962
1963
1964
1965

16,615
15,696
15,237
15,075
13,436

1,006
964
801
769
801

3,758
3,698
3,942
3,428
2,887

978
994
807
845
881

1,411
1,367
1,193
1,285
1,176

,183
995
963
,029
,155

933
860
817
828
760

2,777
2,585
2,683
2,494
2,528

679
629
693
636
528

373
389
311
310
290

716
675
642
625
546

622
580
560
698
425

2,179
1,960
1,825
2,128
1,459

1966
1967
1968
1969
1970

12,674
11,481
10,026
10,036
10,457

776
698
554
570
591

2,492
2,792
2,813
2,325
1,942

795
662
494
526
721

986
921
739
862
1,095

,201
,008
861
927
1,044

724
659
524
494
555

2,158
2,007
1,491
1,468
2,210

534
437
353
345
469

245
195
229
131
161

473
395
338
424
424

717
388
344
324
199

1,573
1,319
1,286
1,640
1,046

8
2
14
3

4
2
6
2

12
5
17
6

1
1
6
2

8
2
14
10

1956
1957
1958
1959
I960

...

Discounts and advances

1941
1942
1943
1944
1945

3
6
5
80
249

2
4

1
1
2
78
214

1
2

1
4

1946
1947
1948
1949
1950

163
85
223
78
67

10
5
13
6

59
42
79
23
62

16
7
17
7
4

15
7
18
7

1951
1952
1953
1954
1955

19
156
28
143
108

3
2

3
115
7
39
19

3
5
5
14
27

1
4

Digitized for FRASER


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

9
1

15
I

1
3

7
3
11
6
1

6
2
8
3

18
7
28
10

5
2
7
3
1

3
1
5
2

2
6
2
8
4

3
1
6
20

7
3
19
3

1
1
5
2

1
2
4
1

7
3
7
17

C/3

1956
1957
1958
1959
I960

50
55
64
458
33

2
1
1
I
1

9
5
12
203
2

8
5
7
43
4

4
4
4
1
1

5
4
2
5

1961
1962
1963
1964
1965

130
38
63
186
137

1
*
2
19
2

106
16
10
41
30

2
1
3

2
*
9
23
4

1966
1967
1968
1969
1970

173
141
188
183
334

1
2

32
48
74
52
104

11
4

4
1
1
1

2
15
8

18
2

2
7
19
43
8

1
15
2
9
1

3
1
2
31
1

*
1
1
7

8
14
12
24
22

*
2
22
22

2
*
5
12
6

2
1
1
15

3
2
4
3

7
7
8
18
3

6~
5
17

58
63
7
1

6
46
2

9
9
6
44
3

I
1
3
14
3

2
5
5
21
15

3
1
8
6
21

2
*
3
1

4
2
3
12

45

20
9
65
19
227

10
39

U.S. Government securities

1941
1942
1943
1944
1945

2,254
6,189
11,543
18,846
24,262

174
447
751
,200
,516

592
1,695
3,000
4,816
5,920

178
440
862
,252
,610

223
509
1,180
1,706
2,226

138
379
652
1,167
1,378

96
268
598
984
1,209

306
877
1,394
2,882
3,797

113
288
533
826
1,078

67
154
358
466
630

96
289
543
825
1,102

79
228
503
672
943

193
614
1,168
2,052
2,853

1946
1947
1948
1949
1950

23,350
22,559
23,333
18,885
20,778

,462
,496
,540
,303
,429

5,800
5,698
5,597
4,475
4,884

,645
,566
,667
,286
,378

2,178
2,101
2,237
1,742
1,921

1,314
1,432
1,515
1,212
1,339

1,140
1,181
1,170
,012
,110

3,455
3,085
3,333
2,818
3,143

1,105
1,208
,288
,021
,138

636
665
714
611
641

,076
,060
,088
913
962

918
990
1,057
817
941

2,619
2,078
2,127
1,673
1,893

1951
1952
1953
1954
1955

23,801
24,697
25,916
24,932
24,785

,641
,693
,394
,373
,347

5,508
6,213
7,115
6,401
6,592

,485
,511
,525
,515
,484

2,205
2,399
2,149
2,133
2,096

1,570
1,624
1,501
1,466
1,437

,274
,391
,295
,268
,259

3,522
3,437
4,376
4,351
4,254

,287
,303
,065
,041
,012

749
764
625
611
591

,111
,052
,103
,074
,061

1,130
1,102
1,006
978
978

2,320
2,208
2,760
2,721
2,672

1956
1957
1958
1959
1960

24,915
24,238
26,347
26,648
27,384

,353
,294
,429
,442
,450

6,499
6,451
6,715
6,737
7,131

,479
,385
,509
,517
,545

2,129
2,083
2,324
2,304
2,318

1,515
1,515
1,709
1,705
1,708

,265
,229
,336
,402
,480

4,294
4,140
4,586
4,604
4,619

,027
981
,071
,082
,091

556
512
552
606
626

,066
,018
,120
,147
,158

978
930
,028
,062
,087

2,754
2,701
2,967
3,039
3,171

1961
1962
1963
1964
1965

28,881
30,820
33,593
37,044
40,768

,351
,473
,571
1,911
2,097

7,262
7,869
8,708
9,286
10,034

,659
,679
,831
2,003
2,114

2,435
2,451
2,784
3,051
3,435

1,862
2,068
2,351
2,647
2,863

,579
,757
,957
2,082
2,314

4,907
5,160
5,395
6,302
6,742

,166
,260
,325
,436
,547

616
628
649
776
839

,316
,241
,354
,404
,584

,167
,239
,286
,363
,666

3,561
3,995
4,382
4,783
5,533

1966
1967
1968
1969
1970

44,282
49,112
52,937
57,154
62,142

2,326
2,512
2,762
2,899
3,040

11,526
12,450
12,687
13,921
15,844

2,289
2,526
2,810
3,072
3,261

3,562
3,743
4,175
4,431
4,848

3,163
3,607
3,978
4,273
4,626

2,470
2,725
2,937
3,188
3,229

7,322
7,817
8,698
9,499
9,786

,491
,768
,869
2,106
2,279

897
952
1,023
1,150
1,219

,661
,972
2,050
2,231
2,427

1,592
2,047
2,253
2,458
2,814

5,983
6,993
7,695
7,926
8,769

..

NOTE.Figures for holdings of U.S. Govt. securities do not


include Federal agency obligations held under repurchase agreement.

Digitized for FRASER


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

9.2 PRINCIPAL ASSETS AND LIABILITIES OF EACH FEDERAL RESERVE BANK, END OF YEAR, 1941-70Continued
[In millions of dollars]
Year

All F.R.
Banks

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas
City

Dallas

San
Francisco

Federal Reserve notes

1941
1942
1943
1944
1945

8,192
12,193
16,906
21,731
24,649

672
882
,155
,367
,479

2,111
2,800
3,767
4,851
5,408

575
849
,150
,428
,635

778
1,134
1,496
1,894
2,096

431
787
1,142
1,488
1,738

279
547
955
1,277
1,484

1,720
2,420
3,163
3,979
4,445

322
514
726
93!
1,063

207
303
386
476
552

264
429
614
797
911

135
252
416
547
619

700
1,279
1,937
2,699
3,219

1946
1947
1948
1949
1950

24,945
24,820
24,161
23,483
23,587

,492
,472
,422
,397
,424

5,714
5,766
5,582
5,430
5,343

,699
,682
,663
,632
,666

2,125
2,140
2,145
2,050
2,112

1,782
1,742
,658
,580
,616

1,450
1,398
1,329
1,291
1,276

4,573
4,637
4,598
4,501
4,560

1,120
1,144
1,144
1,090
1,097

593
627
631
612
611

922
949
939
918
920

604
625
624
640
639

2,871
2,639
2,426
2,339
2,322

1951
1952
1953
1954
1955

25,064
26,250
26,558
26,253
26,921

,526
,603
,633
,609
,614

5,588
5,796
5,924
5,951
6,120

,770
,857
,897
,846
,840

2,287
2,411
2,464
2,418
2,493

,785
,887
,849
,864
2,025

,382
,445
,417
,388
,398

4,764
4,971
5,111
5,065
5,190

1,167
1,231
1,215
1,178
1,248

632
651
644
584
532

973
,022
,020
,029
,051

702
759
744
739
720

2,488
2,616
2,640
2,584
2,689

1956
1957
1958
1959
1960

27,476
27,535
27,872
28,262
28,449

,623
,638
,630
,614
,625

6,414
6,501
6,513
6,646
6,663

1,756
1,739
1,751
1,808
1,867

2,593
2,625
2,571
2,570
2,575

2,181
2,188
2,136
2,132
2,185

,372
,305
,476
,604
,641

5,273
5,334
5,303
5,324
5,302

1,211
1,227
1,238
1,245
1,232

498
495
598
608
595

,075
,077
,101
,118
,152

726
748
799
816
836

2,752
2,656
2,755
2,775
2,775

1961
1962
1963
1964
1965

29 , 305
30,643
32,877
35,343
37,950

,704
,797
,926
2,084
2,250

6,751
7,235
7,940
8,254
8,600

1,890
1,863
1,917
2,077
2,241

2,625
2,680
2,812
3,005
3,232

2,380
2,525
2,703
3,010
3,388

,717
,791
,929
2,085
2,257

5,362
5,528
5,891
6,386
6,891

1 , 269
1,295
1,340
1,410
1,451

579
577
592
631
700

,193
,222
,258
,349
,433

869
911
979
1,089
1 , 194

2,966
3,219
3,590
3,963
4,313

1966
1967
1968
1969
1970

40,196
42,369
45,510
48 , 244
51,386

2,388
2,496
2,637
2,755
2,919

9,238
9,854
10,511
1 1 , 264
12,196

2,306
2,444
2,616
2,757
2,934

3,316
3,404
3,700
3,953
4,198

3,680
3,882
4,142
4,327
4,604

2,327
2,432
2,476
2,642
2,645

7,293
7,408
8,076
8,458
9,003

1,471
1,569
1,677
1,797
1,951

706
717
764
819
875

,511
,575
,679
,775
,878

1,278
1 T 433
1,575
1,747
1,946

4,682
5,155
5,657
5,950
6,237

Total deposits

1941
1942
1943
1944
1945

14,678
15,194
15,181
16,411
18,200

689
806
740
797
859

6,643
5,846
5,321
5,484
5,831

822
776
803
850
936

1,079
1,193
1,208
1,285
1,323

514
600
618
709
808

383
530
597
678
849

2,014
2,087
2,158
2,346
2,598

439
536
502
593
678

259
340
358
361
445

405
549
644
735
843

367
520
588
692
827

1,065
1,412
1,645
1,882
2,203

1946
1947
1948
1949
1950

17,353
19,731
22,791
18,906
19,810

781
862
991
837
925

5,413
6,443
7,526
6,314
6,323

895
976
1,113
918
957

1,288
1,509
1,685
1,332
1,500

772
847
956
851
861

790
860
980
799
859

2,500
2,808
3,333
2,801
3,032

655
753
894
701
740

434
505
600
456
442

808
925
1,049
877
947

819
916
1,064
913
990

2,201
2,326
2,601
2,108
2,234

1951
1952
1953
1954
1955

21,192
21,344
21,422
20,371
20,355

919
922
891
880
921

6,957
6,748
6,617
6,048
6,120

965
1,010
1,029
974
934

1,536
1,572
1,624
1,568
1,567

881
912
866
905
892

948
958
933
929
914

3,337
3,181
3,355
3,159
3,098

776
797
809
726
765

490
482
501
485
446

978
1,010
1,010
967
938

1,035
1,098
1,114
1,089
1,088

2,369
2,652
2,673
2,642
2,672

Digitized for FRASER


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

1956
1957
1958
1959
1960

20,249
20,117
19,526
19,716
18,336

837
838
808
875
829

5,978
6,048
6,017
5,619
5,115

926
942
907
986
877

1,539
1,569
1,375
1,551
1,318

867
871
811
892
767

950
912
892
932
953

3,197
3,027
2,900
2,794
2,601

749
741
700
696
731

432
462
451
447
449

916
862
868
914
906

,075
,047
,015
,048
,040

2 ,783
2,799
2,782
2,964
2,749

1961
1962
1963
1964
1965

18,451
18,722
18,391
19,456
19,620

821
891
740
724
763

4,963
5,108
5,443
5,231
5,188

859
890
815
878
911

1,367
1,278
1,225
1,449
1,538

828
811
802
858
914

923
957
993
1,059
1,120

2,656
2,813
2,619
2,768
2,906

657
695
743
762
761

466
472
455
528
539

926
863
852
904
898.

973
,014
908
,116
,070

3,012
2,930
2,796
3,179
3,012

1966
1967
1968
1969
1970

20,957
23,013
23,403
24,232
26,576

861
969
755
921
948

6,001
6,783
7,147
6,705
7,292

914
982
895
1,082
1,250

,486
,541
,576
,681
,924

985
1,045
1,054
1,257
1,382

1,207
1,268
1,333
1,444
1,708

2,806
3,059
3,060
3,128
3,834

740
837
800
908
974

490
563
704
596
680

892
1,069
1,059
1,205
1,217

,218
,229
,254
,323
,336

3,357
3,668
3,766
3,982
4,031

Member bank reserves

194[
1942
1943
1944
1945

12,450
13,117
12,886
14,373
15,915

569
678
654
678
709

5,640
5,029
4,264
4,555
4,855

662
652
646
711
800

920
918
,004
,128
,157

452
526
545
637
727

322
477
536
629
762

1,762
1,926
1,943
2,170
2,347

364
446
434
529
599

179
277
295
318
385

345
487
583
671
775

307
468
520
643
765

930
1,232
1,462
1,706
2,033

1946
1947
1948
1949
1950 .

16,139
17,899
20,479
16,568
17,681

715
767
859
711
784

4,903
5,573
6,701
5,347
5,665

818
867
951
788
822

,200
,387
,510
,186
,324

733
785
849
708
751

748
789
874
685
740

2,366
2,656
3,121
2,627
2,798

607
692
776
612
652

399
451
507
395
392

773
868
942
769
837

783
863
968
815
891

2,094
2,202
2,420
1,924
2,025

1951
1952
1953
1954
1955

20,056
19,950
20,160
18,876
19,005

874
836
849
795
862

6,369
6,185
6,050
5,482
5,553

912
929
960
885
868

,472
,498
,534
,467
,493

848
849
827
830
834

916
896
890
867
851

3,228
3,066
3,251
2,979
2,988

741
732
764
670
716

464
438
469
444
406

952
958
966
912
884

1,011
1,051
1,051
1,040
1,020

2,269
2,514
2,551
2,505
2,530

1956
1957
1958
1959
1960

19,059
19,034
18,504
18,174
17,081

779
111
771
801
778

5,541
5,717
5,571
5,093
4,582

860
875
863
893
832

,470
,487
,344
,460
,254

815
801
765
789
727

905
852
846
875
906

3,064
2,906
2,810
2,638
2,495

700
699
669
621
651

398
433
420
404
419

860
804
818
841
864

1,013
996
970
973
971

2,654
2,686
2,658
2,785
2,603

1961
1962
1963 .
1964
1965

17,387
17,454
17,049
(8,086
1 8 , 447

789
829
69!
653
702

4,517
4,644
4,995
4,830
4,804

829
825
768
784
858

,301
,201
,158
,351
,445

760
761
707
780
825

892
906
916
993
1,084

2,540
2,672
2,498
2,638
2,814

628
650
652
695
691

443
432
404
466
493

872
826
767
824
833

932
960
844
,051
,034

2,884
2,748
2,649
3,021
2,864

1966
1967 .
1968
1969
1970

19,779
21,092
21,737
21,979
24,039

844
870
731
834
875

5,278
6,054
5,897
5,826
6,162

896
872
870
986
1,163

,458
,449
,538
,551
,813

962
941
1,021
1,090
1,307

1,187
1,165
1,306
1,322
1,606

2,754
2,900
2,988
2,950
3,430

727
754
784
824
885

482
507
678
538
623

877
957
1,039
1,056
1,104

,065
,150
,229
,222
,257

3,249
3,473
3,656
3,780
3,814

Digitized for FRASER


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

>
r

50
w
W

FEDERAL RESERVE BANKS


9.3 DISCOUNTS AND ADVANCES HELD BY ALL FEDERAL RESERVE BANKS COMBINED,
JUNE AND DECEMBER, 1937-70
Member bank borrowings

Maturity distribution

Promissory notes secured by


End of
month

Total
holdings

Rediscounted
paper

U.S.
Govt.
securities

Collateral
Other
not eligible for
eligible
collateral discount or
purchase

Borrowings by
others

Last
Wednesday
in month

Within
15 days

Total
holdings

In thousands of dollars

16=90
days

91 days1 year

In millions of dollars

1937June..
Dec. . .

9,929
9,866

1,351
1,831

7,040
6,476

877
676

660
883

1937June 30...
Dec. 2 9 . . .

10
13

8
11

1938 J u n e . .
Dec. . .

8,214
3,971

1,084
915

4,906
2,099

i 1,252
437

972
520

1938 June 2 9 . . .
Dec. 2 8 . . .

10
7

8
6

1939_j U ne. .
Dec. . .

4,714
6,765

872
879

951
549

i 690
224

176
68

2,025
5,045

1939 June 2 8 . . .
Dec. 2 7 . . .

5
8

2
2

2
6

1940 J u n e . .
Dec. . .

2,204
2,915

591
972

756
852

i 818
144

29

10
947

1940 June 26.. .


Dec. 3 1 . . .

2
3

1941J u n e . .
Dec. , .

1,772
2,955

232
1,045

1,154
1,768

i 386
92

1941June 2 5 . . .
Dec. 3 1 . . .

2
3

1
2

1942June..
Dec. . .

3,292
5,571

22
41

1,730
3,030

40

1942-June 24.. .
Dec. 30. . .

5
5

3
3

2
2

1943 J u n e . .
Dec. . .

4,990
5,255

4,990
5,255

I943^June30...
Dec. 2 9 . . .

5
101

4
83

1
18

1944 J u n e . .
Dec. . .

12,680
79,825

12,530
79,825

150

1944 June 2 8 . . .
Dec. 27. ..

52
153

41
139

11
14

1945 J u n e . .
Dec. . .

46,082
248,905

46,082
201,865

47,040

1945 June 27.. .


Dec. 2 6 . . .

202
492

200
438

2
54

1946 J u n e . .
Dec .

156,772
163079

36,772
15,739

120,000
147,340

1946 June 26. . .


Dec. 2 5 2 . .

231
341

95
182

136
24

135

1947 J u n e . .
Dec. . .

69,927
85,425

42,310
34,444

87
300

27,530
50,600

1947 June 2 5 . . .
Dec. 3 1 . . .

132
85

109
43

13
42

11

1948-=June .
Dec. . .

265 632
222,805

500

231,000
190,125

1948 June 3 0 . . .
Dec. 2 9 . . .

266
255

72
100

194
154

1949 J u n e . .
Dec. . .

102,695
77,845

150

87,600
69,500

1949^June29...
Dec. 2 8 . . .

150
142

56
71

94
70

1950^June,.
Dec...

17,000

1950 June 2 8 . . .
Dec. 2 7 . . .

69
301

50
298

19
3

1951 June 2 7 . . .
Dec. 2 6 . . .

220
797

206
791

15
6

15,000
29,500

1952 June 2 5 . . .
Dec. 3 1 . . .

307
156

279
118

28
39

9,500
15,000

1953^=June24...
Dec. 30. ..

317
100

296
88

20
12

15,000
133,334

1954-=June30...
Dec. 2 9 . . .

37 '
565

16
429

21
42

93'

53,333
1,000

1955 June 2 9 . . .
Dec. 2 8 . . .

722
509

663
503

46
5

13
1

25,000

1956 June 2 7 . . .
Dec. 26.. .

537
650

527
623

10

1957 June 2 6 . . .
Dec. 25 2 . .

824
794

819
785

5
9

si'

so'
1,500
2,500

33,326
32,680

806

15
36

14,930
8,259

50

43,138
67,395

iss'

26,138
67,240

1951 J u n e . .
Dec...

53,018
19,347

308
41

52,525
19,306

50

135

1952June..
Dec. . .

59,047
156,379

104

38,597
126,680

516
199

4,830

1953 J u n e . .
Dec. . .

63,814
27,855

220

54.094
12,855

1954 J u n e . .
Dec .

36,745
143 304

202

21,443
9,970

1955 J u n e . .
Dec. . .

127,924
107,762

69

74,522
106,762

1956 J u n e . .
Dec. . .

232,232
50,027

11.1

222,121
25,027

10,000

1957 J u n e . .
Dec. . .

557,913
55,364

557,838
50,364

75

1958 J u n e . .
Dec. . .

41,386
63,963

41,189
45,963

75

1959 J u n e . .
Dec. . .

421,027
457,726

292
170

403,170
452,417

139

1960June..
Dec. . .

258,167
32,939

416

234,146
24,939

22,880

1961 J u n e . .
Dec. . .

39,061
128,934

448

33,388
113,639

1962 J u n e . .
Dec. . .

78,314
38,242

114

1963 J u n e . .
Dec. . .

97,107
62,310

388

1964 J u n e . .
Dec...

79,072
185,851

106

For notes see end of table.

Digitized for FRASER


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

100

" " s'.ooo'

1
1

i
I

25

too

17,966

1958 June 2 5 . . .
Dec. 3 1 . . .

128
64

126
44

2
20

565

] 7.000
5,000

1959 June 24.. .


Dec. 30. . .

909
371

883
360

26

8,000

1960 June 2 9 . . .
Dec. 2 8 . . .

267
78

254
71

13
7

4,225
295

1,000
15,000

196l=June28,"
Dec. 2 7 . . .

86
552

82
534

4
18

32,000
32,242

1 3,000
5,000

33,200
1,000

1962 June 27...


Dec. 26. . .

393
248

356
244

37
4

90,219
30,310

6,000

1963 June 2 6 . . .
Dec. 2 5 2 . .

612
259

606
224

6
35

32,000

77,161
137,639

254
8,000

1964 June 2 4 . . .
Dec. 30. . .

93
357

87
325

6
32

30,000

122

725

500

1,550
10,212

482

FEDERAL RESERVE BANKS


9.3 DISCOUNTS AND ADVANCES HELD BY ALL FEDERAL RESERVE BANKS COMBINED,
JUNE AND DECEMBER, 1937-70Continued
Maturity distribution

Member bank borrowings


Promissory notes secured by
End of
month

Total
holdings

Rediscounted
paper

Borrowings by
others

Collateral
Other
not eligiU.S.
Govt. 3 eligible
ble for
collateral discount or
securities
purchase

Last
Wednesday
in month

Total
holdings

In thousands of dollars
1965 June
Dec

658,108
137,847

1966June....
Dec

290,160
172,450

1967 June
Dec
1968 June
Dec

Within
15 days

16-90
days

In millions of dollars

510,882
82,853

134,940
13,450

1,286
544

11,000
41,000

1965 June 30
Dec. 2 9 . . .

657
540

650
501

7
39

209,810
73,325

73,836
98,640

1,185
485

5,000

1966June 29
Dec. 28.. . .

626
957

614
953

12
4

69,615
143,296

51,784
131,008

1,381
12,038

16,450
250

1967 June 28.. . .


Dec. 27

128
341

118
338

10
3

305,236
188,580

226,768
163,580

63,868
25,000

1,600

13,000

1968 June 26
Dec. 25 2. . .

412
331

394
326

18
5

1969 J u n e . . . .
Dec

1,049,707
183,372

791,392
130,487

219,100
42,110

39,215
10,775

1969 June 25
Dec. 3 1 . . . .

1,348
183

1,308
180

40
3

1970 J u n e . . . .
Dec

419,938
335,135

222,248
22,760

41,700
88,000

65,990
224,375

1970 June 24
Dec. 3 0 . . . .

841
253

744
250

97
3

1
2

329

June figures partly estimated for three districts.


Tuesday figures because of holiday on Wednesday, December 25.

Digitized for FRASER


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

90,000

483

Includes Federal agency obligations beginning December 1966.

91 days1 year

9.4 ACCEPTANCES BY CLASS OF PAPER HELD BY ALL FEDERAL RESERVE BANKS COMBINED, JUNE AND DECEMBER, 1937-70
Bought outright

End of month

Total
bought
outright
and under
repurchase
agreements

Maturity distribution

Payable in dollars and based on

Total

Imports
into
United
States

Exports
from
United
States

Dollar
exchange

Goods stored in or
shipped between
points in

United
States

Foreign
countries

Other
transactions

Payable
in foreign currencies

Bought
under repurchase
agreements

Last Wednesday
in month

In thousands of dollars
3,801
540
537
549

3,801
540
,537
549

1939 -June l

556

556

1946 June . . . ,

18,057

18,057

12,522

948

1955 June
Dec
1956 June
Dec
1957_june
Dec

15,928
28,205
18,470
68,763
22,557
65,688

15,928
23,802
17,903
33,541
20,950
42,337

7,307
12,846
10,831
12,701
10,315
10,418

2,255
4,618
4,583
8,722
5,977
7,727

200
50

1958 June
Dec
1959 June
Dec
I960 June
Dec

44,796
49 , 089
26,005
75,341
30,340
73,597

44,796
43,290
26,005
44,168
30,340
53,335

12,921
12,899
10,864
11,499
8,413
9,688

Dec
1962 June
Dec
1963 June
Dec

51 , 524
59,718
110,253
43,468
161,720

48,515
34,193
52,562
38,457
69,978

1964- June
Dec
1965 June
Dec
1966 June
Dec

83,563
93,768
52,925
186,434
238,764
193,119

1967June
Dec.

1937 June
Dec
1938 June
Dec

671

3,083
540
537
549

47

1937 June
Dec
1938 June
Dec.

1,438

350

5,626
3,710
1,256
8,692
1,539
17,590

705
2,628
1,033
3,376
3,049
5,536

9,153
7,850
6,710
12,444
9,784
16,324

3,275
2,400
600
700
1,900
3,450

14,035
12,022
910
10,759
2,225
6,795

5,107
6,182
6,873
8,260
8,018
14,377

2,701

14,431
10,671
18,954
11,735
21,250

10,742
5,810
10,660
10,497
17,098

750
1,000
3,600
100
1,600

7,041
3,767
1,967
2,051
2,237

14,293
11,163
16,479
13,714
25,953

1,258
1,782
902
360
1,840

3,009
25,525
57,692
5,011
91,742

47,136
58,929
40,955
74, 509
81 , 522
69,121

15,395
14,649
8,764
17,109
17,854
16,747

10,532
15,478
13,031
18,808
20,067
14,308

700
2,250

18,493
24,685
18,804
37,123
41,995
32,509

895
857

894
790
3,080

1,121
1,011
356
574
816
2,477

36,427
34,839
11,970
111,925
157,242
123,998

136,181
164,197

91,241
74,873

19,567
20,644

23,003
16,396

1 , 200
930

1,886
1,571

45,585
35,332

1968 June
Dec. . . .

133,419
57,715

58,644
57,715

20,760
13,936

12,691
13,607

500
2,100

2,074
307

22,619
27,765

1969 June . . .
Dec

40,944
63,914

40,944
63,914

12,645
18,338

9,618
19,080

300
200

595
1,345

1970June
Dec.

32,020
57,446

32,020
57,446

8,924
18,667

9,661
12,934

500

446
3,473

Digitized for FRASER


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

30
29
29
28

1939 June 28 l. . . .

556

No holdings December 1939-December 1945 or December 1946-December 1954.

Within
15 days

16-90
days

In millions of dollars

3,149

Total
holdings

4
3
1
1

4
3
1
1

1946 June 26

18

13

1955 June
Dec.
1956 June
Dec.
1957 June
Dec.

16
28
17
62
20
60

6
13
5
36
6
32

11
16
11
26
14
28

43
49
25
75
28
65

17
16
9
39
9
33

27
33
17
35
20
32

27
27
26
26
242....

50
44
85
38
121

13
21
49
13
72

37
23
36
25
49

1964 June 24
Dec. 30
1965 June 30
Dec'. 29.. ..
1966 June 29
Dec. 28

101
66
53
164
228
182

64
20
24
101
169
123

37
46
29
63
59
59

44,940
89,324

1967June 28
Dec 27

132
153

65
91

67
62

74,775

1968 June 26
Dec. 2 4 2 . . . .

129
81

79
41

50
40

17,784
24,951

1969 June 25
Dec. 31 . . . .

43
64

11
15

32
49

13,319
22,732

1970 June 24 . . . .
Dec 30

34
56

11
12

23
44

35

4,403
567
35,222
1,607
23,151

70
716
305
1,937
48
506

29
28
27
26
26
242....

1958 June 25
Dec. 31
1959 June 24
" 31, "173"
Dec. 30
1960June29
20,262
Dec. 28
5,799

Tuesday.

Dec.
1962 June
Dec.
1963 June
Dec.

FEDERAL RESERVE BANKS

9.5 U.S. GOVERNMENT SECURITIES HELD BY ALL FEDERAL RESERVE BANKS COMBINED
A. TYPES OF ISSUES, END OF MONTH, 1941-70
[In millions of dollars]
Month
Total
194t_j an
Feb
Mar
Apr
May
June. . . . . . . .
July
Aug
Sept
Oct
Nov
Dec

2,184
2,184
2,184
2 184
2 184
2 184
2,184
2 184
2,184
2,184
2,184
2 254

1942 Jan
Feb
.Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

2,243
2,262
2 244
2,357
2,489
2 645
3 153
3,426
3,567
4667
5,399
6 189

1943 Jan
Feb . . . .
Mar
Apr
May
June
July
Aug
Sept
Oct
. Nov.....
Dec

Bills

Certificates

Notes

Month

Bonds

Bills

23 941
24 117
22 593
21 857
22 088
21 872
21 549
22 192
22 3^9
22 168
22,209
22 559

15 652
15 730
15 090
15 101
14 972
14 496
13 895
14 207
14019
13 563
12,558
1 1 433

7 180
7 189
6 399
5 651
6 012
6 280
6 559
6 896
7 119
7087
7,255
6 797

355
444
352
352
369
369
369
369
472
81 1
425
477

753
753
753
753
735
727
726
720
720
708
971
2 853

21 925
2 1 ,024
20 887
20 340
20 662
21 366
21 325
21,577
23,413
23 042
23 206
23 333

9 709
9,211
8 851
7 974
8 245
8 577
7 556
7,029
7,024
5 098
5 176
5 487

5 882
4,391
4 481
4 236
4 140
4 616
5 059
4,958
5,176
6 147
6 051
6 078

543
734
883
963
958
968
953
,808
,954
871
798
791

4 791
5 688
5 671
6 167
6 319
6 206
6 757
7,781
9,260
10 925
1 1 181
10 977

22 109
22 342
2 1 688
21 094
19 704
19 343
18 529
17 524
18 010
17 316
17,682
18 885

5 038
5*304
5 1 76
4 866
4 232
4 346
3 774
3 485
4 342
3 710
4000
4 829

6 421
6 788
6 887
6 941
6 758
6 857
6 621
5 958
5 832
5 772
5,871
6 275

426
368
385
385
359
359
354
305
298
298
298
562

10 224
9 883

Sept
Oct
Nov
Dec

17 8^7
17 746
1 7 592
17,796
17 389
18 331
17 969
18 356
19 572
19 252
19 693
20 778

3 755
3 857
3 952
4,368
4 1Q59
3 56
4' 1 45
2 302
I 513
763
1 12
296

6 409
6 332
5 864
5,766
5 875
5 357
2 791
4 848
4 975
70
718
2 334

551
701
1 379
1,507
1 644
3 500
6 146
4 439
9 29[
14 239
13 499
12 527

7 1 12
6 857
6 397
6 155
5 802
s'618
4 888
6 768
3 793
4 180
4'364
4 620

166 1951 Jan


132 i
Feb
128
Mar
123
113
M ay
1 13
1 13
July
.114
Aug
977
Sept
977
Oct
977
Nov
947
Dec

21 484
21 881
22 910
22 742
22 509
22 982
23 078
23,127
23 734
73 55")
23 239
33 801

699
527
720
248
655
527
566
616
1 058
310
1 17
596

3 194
3 197
4,851
4 944
12 848
12 720
12 793

14820
14961
15 003
14 924
15 051
12 439
13 493
11,838
11910
5 068
5 068
5 068

4 965
5 393
6 187
6 570
6 803
6 822
5 822
5,822
5 822
5 325
5 334
5 344

82
381
265
436
397
283
502
1,341

12,316
11 824
1 1,810
1 1 659
1 1 487
1 1 821
11,883
1 1 906
12,492
4 996
5 018
5.061

5,068
5 068
5 068
5 568
5 568
5 568
5,568
5 568
5,568
13 774
13 774
13.774

5,344
5 636
5 636
5 136
5 ]36
5 1 36
5,136
5 236
5,236
4 522
4 527
4.522

900
900
820
820
820
820
820
820
820
10

111
111
111

285
,285
364
364
'364
364
,364
364
,*364
,407
.407
467

91
156
243
566
696
657
481
383
1 010

27
66
218
341
504
726
1 187
1 041

693
693
693
693
696
717
7">5
728
690
309
360
345

,550
.570
552
,573
,610
618
645
!662
,717
2 150
2'469
2 793

5 969
5 871
5 919
6455
6,222
7,202
8,187
9,088
8,919
9,354
10,348
11 543

689
1 475
2 087
2*430
2442
3,815
4896
5,701
5,351
5,547
6,163
6 768

1 317
789
850
997
1 099
1,092
1,092
1,160
1,347
1,565
1,908
2 467

301
215
975
984
942
797
723
723
690
688
705
678

2 662 1949
2 392
2 008
2 044
*739
'498
475
504
531
554 I
,572
629

1944_Jan
Feb
Mar
Apr
May
June
July
Aug
Sept . . .
Oct
Nov
Dec

12073
1 1 632
12 1 15
1 3.220
14 251
14901
14,915
15,806
16653
17 647
18 388
18,846

6941
6 354
6 532
7,641
8 466
8 872
9,065
10,074
10 783
1 1 551
11 868
11,148

2 787
2 696
2 970
2.973
3 147
3 382
3,382
3,382
3 559
3 749
4 163
4,887

678
895
161
,159
189
183
122
080
067
103
113
568

1945_jan
Feb
Mar
Apr
May
June
July
Aug
Sept . .
Oct
Nov
Dec

19,006
19,439
19,669
20,455
20,954
21 792
21,717
22,530
23 328
23,276
23.472
24262

U,376
11,830
12,079
13.010
12,954
12 962
12,810
13,254
13 234
13,172
12,593
12 831

4,897
4,917
5,41 1
5 333
5,870
6 03^
6096
6,400
7 184
?', 206
7 800
8 364

568
560
051
988
,017
685
698
.762
933
920
2 102
2 120

1946 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23,264
22,904
22.601
22,732
22932
23 783
23,633
23 946
24,049
23.518
23,944
23,350

12,866
13,038
13,280
13,661
13,896
14 466
14,406
14.739
14,711
14,595
15,025
14,745

8,047
7,546
6,954
6,505
6 395
6 813
7^876
7 856
7,915
7,452
7.331
7,496

,405
373
,463
663
738
748
596
596
668
715
835
355

. ..

Digitized for FRASER


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

Certificates

Total

667
687
451
,447
449
464
346
269
243
243
'243
243

947
947
903
903
903
755
755
755
755
755
753
753

485

1947 Jan .
Feb
Mar
Apr
May
June
July
Sept
Oct
Nov
Dec
1948 Jan . . . .
Feb
Mar
Apr
May

July
Aug
Sept
Oct
Nov
Dec

1950

Jan
Feb
Mar
May
June
July
AUB
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May

July

1952 Jan
Feb
Mar
Apr
May
July
Sept
Oct
Nov
Dec

-.

22,729
22 528
22 514
22 363
22 273
22 906
22,853
23 146
23,694
23 575
23 821
24.697

Notes

Bonds

Q ^d. 1

8 902
8 356
7 780
7 780
7 775
7 538
7 536
7 513
7 218

FEDERAL RESERVE BANKS

9.5 U.S. GOVERNMENT SECURITIES HELD BY ALL FEDERAL RESERVE BANKS COMBINEDContinued
A.

TYPES OF ISSUES, END OF MONTH, 1941-70Continued


[In millions of dollars]

Month

Total

Bills

23 944
23 875
23 806
23 880
24 246
24 746
24,964
25,063
25 235
25 348
25 095
25 916

652
584
515
589
830
1 455
1,672
1 772
1 943
2056
2 319
2993

1954 Jan
Feb . .
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

24639
24 509
24,632
24 632
24,812
25 037
24 325
24023
24,271
24 381
24,888
24 932

918
788
911
911
2091
2 316
604
302
549
660
2 167
2 204

1955 Jan
Feb .
Mar
Apr
May
June. . .
July
Aug.. . ,
Sept
Oct
Nov
Dec

23 885
23 605
23,613
23,612
23 662
23 607
24,091
23 760
23 834
24024
24 256
24 785

1956 Jan
Feb
Mar
Apr
May. .
June
July..
Aufi
Sept
Oct
Nov
Dec ...

Certificates

Notes

Month

Bonds

13774
13 774
13 774
13 774
13 774
13 774
13,774
13,774
13 774
1 3,774
13 274
13,289

4522 1959Jan .
4 522
Feb
Mar. .
4*522
Apr
4 522
4522
May
4 522
June
4^522
July
4522
Aug
3 666
Sept .
3,666
Oct
Nov
3656
3667
Dec

5 817
6051
6051
6051
6600
6600
6600
6600
6600
6600
6600
13 882

13 264
13 029
13,029
13 029
13,029
13 029
1 3,029
13 029
1 3,029
13 029
13,029
6044

3 641
3 641
3641
3 641
3093
3 093
3093
3 093
3093
3 093
3093
2802

1960

1 160
883
891
886
941
886
1,261
1 039
1 104
1 303
1 278
1 722

13 882
9960
9 960
9,961
8 274
8 274
8 382
2 520
2 524
2 520
2 640
6 002

6038
9 959
9,959
9,963
11 646
11 646
1 1 ,646
17400
17404
17,400
17 537
14259

23466
23 482
23 636
23,345
23 474
23,758
23 438
23 854
23 680
23 767
24,385
24915

578
543
734
403
538
855
550
947
742
850
1 415
1 919

5 921
5 937
10941
10955
10946
10,944
10933
10942
10950
10938
10998
10975

1957 Jan
Feb . .
Mar
Apr
May. . .
June
July, . .
Aug
Sept . . .
Oct
Nov
Dec. . . .

23,421
22 887
23 149
23,169
23 108
23 035
23 155
23 539
23 312
23,338
23,733
24238

532
143
319
434
353
287
344
801
577
574
814
1 220

10933
11 367
1 1 418
11 362
11 373
1 1 367
1 1 381
19 936
19 934
19,956
20044
20 104

1958 Jan
Feb.,
Mar
Apr . . .
May
June
July . .
AUB
Sept
Oct
Nov. . .
Dec

23 331
23 240
23 628
23 681
24 162
25 438
24480
25 346
24 986
25 443
26229
26.347

595
504
893
946
1 426
2703
1 569
1 345
985
I 401
2095
2.284

19 934
19946
19 946
19946
19 946
19 946
19 946
21 507
21 507
21 538
21 592
18.704

I953_jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

. .

Digitized for FRASER


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

4996
4 996
4996
4996
5 121
4 996
4,996
4996
5 852
5 852
5 847
5967

Total

Bills

Certificates

Notes

Bonds

25 715
25 350
25*497
25 703
25 905
26044
26,543
26690
26 563
26631
26922
26648

1 661
1 323
1 496
1 679
1 904
2032
2*,474
2 666
2 562
2 600
2894
2626

18 689
18 672
18 650
18 665
18 650
18 650
18,715
10 510
10507
10 521
10509
10 508

2 881
2 871
2867
2 875
2 867
2 878
2,870
11 010
1 1 oiQ
11 026
11011
11 016

2 484
2 484
2,484
2 504
2 484
2 484
2 508
2498

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

25 464
25 209
25 264
25 558
26035
26523
26885
26 762
27024
27 402
27488
27 384

1 463
1 199
1 263
I 557
2019
2 513
2879
2753
2978
3 212
3,172
3 217

10 507
8 515
8,507
8 507
8 507
8 508
8,512
14014
14,046
14059
9,173
9082

1 1 010
13 Oil
13 010
13 010
13 010
13 Oil
13 010
7 510
7 511
7 518
12 537
12 519

2 484
2 484
2484
2 484
2499
2 491
2484
2 485
2489
2613
2606
2 566

2804 1961
2802
2802
2,802
2 802
2 802
2,802
2802
2 802
2802
2 802
2 802

Jan
Feb
Mar
Apr
May
June
July
Aue. .
Sept
Oct
Nov
Dec

26 570
26667
26688
26,772
26887
. . 27 253
27,422
27 697
27 799
28 268
29 210
28 881

2 524
2 596
2 327
2,483
2 652
2 840
2,443
2659
2970
3 242
3 742
3 349

9,045
5457
5,398
5,001
6 517
6 51 1
6,522
,683
632
,654
691
701

12466
16056
16 301
16,436
14 548
14 634
14,969
19 827
19 670
19,769
19945
19 985

2 535
2 558
2662
2,852
3 170
3 268
3 488
3 528
3 527
3 603
3 832
3 846

14 166
14200
9 159
9,185
9 188
9,157
9 154
9 164
9,186
9 177
9,171
9 219

2 802 1962
2802
2 802
2802
2 802
2,802
2 802
2 802
2802
2 802
2,802
2 802

Jan
Feb
Mar
Apr..
May
June
July
AUE
Scot
Oct
Nov
Dec

28 532
28 360
29 061
29 182
29 622
29,663
29 786
30 358
29825
30201
30454
30820

3 032
2830
3 105
3 152
3 166
2,961
2 834
3 079
2373
2 516
2,445
2723

1 680
4,972
4977
4,977
5,563
5,630
5,745
9 538
9,538
9,542
13,193
13,182

20008
16,772
16903
16,962
17 101
17,220
17 341
13 789
13,837
13 912
10,740
10,773

3 812
3 786
4076
4091
3 792
3,852
3 866
3 952
4077
4 231
4076
4 142

9,154
8 574
8 606
8,571
8 571
8 579
8828

4
40
87

2802 1963
2802
2806
2802
2 810
2 802
2802
2 802
2 802
2,805
2,836
2 827

Jan
Feb
Mar
Apr
May
June
July.
AUB
Sept
Oct
Nov.
Dec. ,

30289
30586
30963
31 182
31 254
32027
32468
32 391
32 563
32,758
33 667
33 593

2,262
2 542
2 583
2,665
2 720
3 365
3600
3 175
1 320
3,503
4,199
4,147

13,185
13,586
13 598
13,652
14,443
14454
14,479
10 741
10 712
10,723
7,073
7,068

10,705
10,295
10493
10,571
9 712
9 759
9,826
14037
13993
13,994
17,750
17,733

4 137
4 163
4 289
4 294
4 379
4449
4 563
4 438
4 538
4,538
4645
4 645

Jan
Feb
Mar
Apr
May
June
July
Aue
Sept
Oct
Nov
Dec

32 752
33 169
33 770
33 169
34 229
34 794
35 051
35 164
35 350
35 709
36 774
37.044

3 312
3,728
4295
3 626
4 643
5 171
5 388
5 112
5 067
5 354
6419
6.488

7066
3,265
3,265
3,265

10
10
10
20
15
2.875

2 802 1964
2789
2 789
2 789
2789
2 789
2955
2484
2484
2484
2 527
2.484

17 729
21,621
21,634
21 649
24905
24912
24950
25 032
25 105
25,133
25 133
25.249

4645
4555
4 576
4629
4 681
4 71 1
4713
5 020
5 178
5 222
5 222
5,307

486

..

2 484
2 484
2 484
9 484

FEDERAL RESERVE BANKS

9.5 U.S. GOVERNMENT SECURITIES


HELD BY ALL FEDERAL RESERVE BANKS COMBINEDContinued
A. TYPES OF ISSUES, END OF MONTH, 1941-70Continued
[In millions of dollars]
U.S. Treasury securities
Month
Total
1965 Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct..
Nov
Dec

Bills

36,741
36,907
37,591
37,754
38,686
39,100
39,207
39,049
39,774
39,657
40,575
40,768

6,277
6,360
6,955
7,018
7,821
7,948
7,994
7,823
8,396
8,279
9,197
9,346

1966 Jan
Feb. . .
Mar
Apr
May
June
July . . .
Aug
Sept...
Oct
Nov
Dec

40,565
40,189
40,734
40,713
41,480
42,169
42,380
42,518
42,907
42,975
43,912
44,282

8,890
8,768
9,225
9,162
9,895
10,432
10,470
10,701
11,090
11,158
11,837
12,296

1967 Jan
Feb.
Mar
Apr.
May....
June
July.
Aug
Sept. . .
Oct
Nov. . .
Dec

43,464
43,971
44,908
45,460
46 , 066
46,718
46,804
46,555
46,916
47,390
48,931
49,112

11,612
12,119
12,937
13,289
13,709
14,088
14,176
13,927
14,097
14,571
15,900
16,041

1968 Jan
Feb.
Mar. . .
Apr.
May...
June
July. . .
Aug
Sept. . .
Oct
Nov. . .
Dec.
1969 jan>
Feb
Mar
Apr.
May
June
July
Aug
Sept. . .
Oct.
Nov
Dec.

49,092
48,952
49,691
50,507
50,625
52,230
52,397
53,044
53,279
53,329
53,350
52,937

1970 Jan....
Feb.
Mar.
May
June . . .
July
Aug
Sept. .
Oct
Nov. . .
Dec.

'..

Certificates

Notes
25,190
25,701
25,708
25,794
25,726
25,766
25,810
24,759
24,828
24,828
24,828
24,844

5,274
4,846
4,928
4,942
5,139
5,386
5,403
6,467
6,550
6,550
6,550
6,578

25,111
24,871
24,926
24,965
25,220
25,309
25,402
21,013
21,013
21,013
21,459
21 , 394

6,563
6,550
6,571
6,574
6,353
6,413
6,487
6,438
6,438
6,438
6,260
6,241

21 , 302
21 , 302
21,359
21,426
21,632
21,739
21,737
26,090
26,198
26,198
26,944
26,953

6,199
6,199
6,253
6,375
6,373
6,538
6,538
6,538
6,621
6,621
6,087
6,118

16,610
15,820
16,221
16,928
16,976
18,380
18,547
19,111
19,234
19,149
19,169
18,756

26,952
26,985
27,168
27,246
27,626
27,746
27,746
28,205
28,312
28,424
28,706
28,706

6,130
6,147
6,302
6,333
6,023
6,104
6,104
5,728
5,733
5,756
5,475
5,475

52,127
52,275
52,405
53,113
53,759
54,095
54,138
54,911
54,134
55,515
57,318
57,154

17,946
18,010
17,972
18,680
19,130
19,466
19,442
20,215
19,438
20,690
22,430
22,266

28,706
29,925
30,046
30,046
30,501
30,501
30,553
30,553
30,553
31,357
31 , 392
31,392

5,475
4 f 340
4,387
4,387
4,128
4,128
4,143
4,143
4,143
3,468
3,496
3,496

55,709
55,823
55,785
56,508
57,307
57,714
58,597
59,947
59,975
60,015
61,233
62,142

20,821
20,935
20,897
21 , 620
22,211
22,407
23,290
24,640
24,485
24,525
25,587
25,966

31,392
32,073
32,073
32,073
32,233
32,420
32,420
32,600
32,758
32,758
32,864
33,236

3,496
2,815
2,815
2,815
2,863
2,887
2,887
2,707
2,732
2,732
2,782
2,940

1
12
12
12
15
21
4,366
4,366
4,366
4,356
4,351

4,351
4,351
4,359
4,370
4,352
4,353
4,353

NOTE.Holdings of Federal agency obligations under repurchase agreement were authorized by the Federal Open Market
Committee on Nov. ], 1966.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Bonds

487

Total,
including
Federal
Federal
agency
agency
obligations obligations

34

13
10
1

23
38

57
12

20
25
79
80
39

\Y
30
34

3i'

80
88
61

44,316
43,464
43,971
44,921
45,470
46,066
46,719
46,804
46,555
46,916
47,390
48,954
49,150
49,092
48,952
49,748
50,519
50,625
52,230
52,397
53,044
53,288
53,329
53,350
52,937
52,127
52,295
52,430
53,192
53,839
54,095
54,138
54,950
54,134
55,532
57,318
57,154
55,739
55,823
55,785
56,542
57,307
57,714
58,597
59,978
60,055
60,103
61,294
62,142

U.S. GOVERNMENT SECURITIES HELD BY ALL FEDERAL RESERVE BANKS COMBINEDContinued


B. MATURITY DISTRIBUTION, END OF MONTH, 1941-70
fin millions of dollars]

00

Digitized for FRASER


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

Within
15 days

16-90
days

91 days1 year

1-5
years

5-10
years

Over
10 years

Month

Total

Within
15 days

16-90
days

91 days1 year

1-5
years

5-10
years

Over
10 years

96

158
158
185
185
128
128
128
128
151
151
151
97

815
815
769
822
822
823
823
823
756
756
756
724

297
297
453
400
400
400
400
400
400
400
400
393

839
839
777
111
777
834
834
834
834
877
877
944

1949 Jan
Feb
Mar... .
Apr....
May...
June. . .
July....
Aug.. . .
Sept.. . .
Oct
Nov....
Dec. . . .

22,109
22,342
21,688
21,094
19,704
19,343
18,529
17,524
18,010
17,316
17,682
18,885

819
1,846
616
809
1,895
3.232
501
1.320
2,225
621
1,246
1,662

5,221
4,479
5.146
7,652
5,928
3,671
5,124
3,948
3.926
4,066
3,838
4,953

5,419
5,869
6,404
3,833
3,849
4,902
5,366
4,982
4,585
5,357^
5,465
4,904

2,404
2,232
2,320
,935
,652
2,090
2,090
.826
,826
,826
,709
2,254

1,268
1,249
1.134
1,125
987
448
448
448
508
508
508
228

6,978
6,667
6,070
5,740
5,393
5,000
5.000
5,GOO
4,940
4,938
4,915
4,884

91
158
310
632
987
944
799
1,150
1,420

97
97
136
136
163
234
385
282
414
.605
622
861

724
724
685
685
686
641
649
656
749
1,424
,553
,652

479
466
464
465
495
481
503
515
547
838
978
U05

942
975
959
979
986
980
984
987
914
1,000
1,095
1,150

1950Jan
Feb. . . .
Mar....
Apr,...
May...
June. . .
July....
Aug.. . .
Sept....
Oct
Nov....
Dec. . . .

17,827
17,746
17,592
17.796
17,389
18,331
17,969
18,356
19,572
19,252
19,693
20,778

849
1,485
578
732
2,093
2,944
673
4,388
5,254
103
185
2,562

4,051
3,412
4.655
6,448
4,991
4,127
5,670
5,236
1,159
729
,648
.069

5,667
5,696
4,870
2,954
3,323
2,606
3,721
4,619
3,917
9,167
13,315
11,856

2,254
2,404
3,082
3.496
3.170
5,136
5,117
1,681
6.600
6,223
1,398
1,801

214
152
152
152
152
42
42
21
7
7
8

4,792
4,599
4,256
4,014
3,661
3,477
2,746
2,410
2,636
3,022
3,139
3,488

5,969
5,871
5.919
6,455
6,222
7,202
8,187
9,088
8,919
9.354
10,348
11,543

1,302
1,811
2,355
2,907
2,906
3,981
5,397
6,298
6,127
5,919
6,733
7,122

1,036
111
922
870
978
1,347
992
964
967
1,402
1,564
2,514

,510
,415
,169
,234
,216
991
938
938
912
912
914
711

1,060
958
856
858
593
396
388
416
442
641
656
766

1,061
910
617
586
528
486
471
471
471
481
481
429

1951Jan
Feb, . . .
Mar....
Apr
May . . .
June. . .
July....
Aug.. . .
Sept....
Oct
Nov
Dec. . . .

21,484
21,881
22,910
22,742
22,509
22,982
23,078
23,127
23,734
23,552
23 239
23,801

690
165
255
430
227
125
1,797
128
4,730
129

,019
,362
,472
2,662
4,298
2,003
4.669
7,761
3,687
181
117
452

12,157
12,231
12,233
10.322
8,533
11,834
7,591
6,218
6,296
14,218
14,089
14,345

4,002
4,309
4,436
4,437
4,437
3,878
4,878
4,878
4,896
5,396
5,396
5.102

987
987
1,032
(,032
,032
,032
,032
,032
,014
,014
,014
,014

2,630
2,828
3,483
3,859
3,983
4,111
3,111
3,111
3,111
2,614
2,623
2,629

12.073
11,632
12,115
13,220
14,251
14,901
14,915
15,806
16,653
17,647
18,388
18,846

8,304
7,762
7,646
7,918
9,071
10,002
10,812
10,764
11,882
1 2,029
12,302
12.354

1,825
1,709
2,319
3,159
3,036
2,739
2.122
3,239 ,
2,944
3,780
4,249
4.195

719
921
995
988
988
1,040
963
919
971
981
981
1.380

766
746
662
662
664
704
602
536
512
512
512
573

459
494
493
493
493
416
416
346
344
344
344
344

1952-Jan,....
Feb
Mar
Apr....
May. . .
June. . .
July....
Aug....
Sept.. . .
Oct
Nov.. . .
Dec

22,729
22,528
22 514
22.363
22,273
22,906 " ' Y,273*
309
22,853
23,146
54
23,694
7,540
23,575
155
23,821
210
24.697
925

3,207
4,157

10,777
9,627
13,430
12.838
12,690
12,426
6,504
6,796
6,721
6,716
3,028
10 520

5,102
5,102
5,441
5,941
5,941
5,941
5,94!
5.941
5,941
14,147
14,147
6.655

,014
,014
,014
,014
,014
,070
,070
,070
,070
,070
,070
1.070

2.629
2,629
2,629
2,129
2,129
2,072
2,072
2,072
2,072
1,358
1,358
1.358

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

2,184
2J84
2 184
2 184
2.184
2,184
2.184
2,184
2,184
2 184
2,184
2,254

1942 Jan
Feb
Mar
Apr
May
June
July
Aug
Scot
Oct
Nov
Dec

2 243
2 262
2244
2,357
2,489
2,645
3.153
3,426
3,567
4.667
5,399
6,189

1943 Jan
Feb
Mar . .
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec. . . . . .
1944 Jan
Feb
Mar
Apr . . .
May
June
July
Aug
Sept
Oct
Nov . . . .
Dec

1941

oo

Total

I
r

Maturity

Maturity
Month

75
75
57

43

260

442
499
123
6,957
7,213
349
129
4,008
4.168

w
w

Digitized for FRASER


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

1945Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct.. ,
Nov..
Dec,.

19,006
19,439
19,669
20,455
20,954
21,792
21,717
22,530
23,328
23,276
23,472
24,262

14,137
13,879
14,268
13,999
13,588
14,750
15,484
15,284
14,527
14,021
14,956
15,911

3,067
3,791
3,710
4,781
5,836
4,879
4,704
5,718
7,272
7,726
7,031
7,153

963
963
928
917
781
1,415
781
781
781
781
781
508

549
523
480
476
468
513
513
513
529
529
529
529

291
283
283
282
280
234
234
234
218
218
174
162

1953Jan...
Feb..
Mar..
Apr..
May.
June.
July. ,
Aug..
Sept..
Oct.. .
Nov..
Dec..

23,944
23,875
23,806
23,880
24,246
24,746
24,964
25,063
25,235
25,348
25,095
25,916

3,934
23
76
301
1,368
162
453
1,120
495
284
7,367
998

406
561
1,577
1,415
895
2,320
2,245
1,507
8,940
9,264
5,637
6,118

10,520
14,208
13,315
12,461
12,280
13,024
13,024
13,194
6,558
6,558
2.861
9,855

6,655
6,655
6,411
6,914
6,914
6,452
6,452
6.452
6,452
6,452
6,442
6,155

,070
,070
,070
,374
,374
,374
,374
,374
,374
,374
.374
,374

,358
,358
,358
,415
.415
,415
,415
,415
,415
,415
,415
,415

1946 Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct.. ,
Nov..
Dec..

23,264
22,904
22,601
22,732
22,932
23,783
23,633
23,946
24,049
23,518
23,944
23,350

16,405
15,136
15,639
15,819
16,499
18,056
17,696
17,851
16,675
15,374
17,712
17,381

5,660
6,718
5,911
5,841
5,361
4,655
4,865
5,022
6,324
7,093
5,184
4,920

508
360
461
482
482
490
490
490
469
469
469
469

529
529
428
428
428
421
421
421
420
420
420
420

162
162
162
162
162
162
162
162
162
162
160
160

1954_jan.. .
Feb..
Mar..
Apr..
May.
June.
July . ,
Aug..
Sept..
Oct.. ,
Nov..
Dec..

24,639
24,509
24.632
24,632
24,812
25,037
24,325
24,023
24,271
24,381
24,888
24,932

3,980
263
345
320
316
463
565
486
283
147
7,533
459

1,861
1.525
3,253
3.277
1,925
2,844
2,030
816
8,549
8,796
5,839
5,764

9,855
13,874
12,278
12,278
13,814
12.973
12.973
13,972
6,690
6,690
2,767
13,194

6.155
6,058
6,307
6,307
6,307
6,307
6,307
6,299
6,321
6,321
6,321
3,087

,374
,374
,035
,035
,035
,035
,035
,035
,014
,014
,014
,014

,415
,415

,415
,415
,415
,415
.415
.415
,415
,415
,415
.415

1947Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..

23,941
24,117
22,593
21,857
22,088
21,872
21,549
22,192
22,329
22,168
22,209
22,559

18,704
17,187
16,149
16 008
16,140
16,374
12,007
2,320
12,080
3,312
11,898
2,545
12,401
2,265
12,861
2,298
10,501
3,857

4,188
5,881
5,395
4,800
4,918
4,512
6,238
5,822
7,037
6,819
6,299
5,565

469
469
469
469
469
444
444
444
422
255
122
198

420
420
420
420
420
408
408
408
301
301
423
1,199

160
160
160
160
142
134
132
126
126
126
205
1,241

1955Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. ,
Aug..
Sept..
Oct..
Nov..
Dec..

23,885
23,605
23,613
23,612
23,662
23,607
24,091
23,760
23,834
24,024
24,256
24,785

4,116
93
47
188
150
132
6,033
223
278
143
6,123
737

1,059
2,477
2,530
2,389
6,544
6,508
1,090
816
6,588
6,914
1,166
5,171

13,194
11,507
15,519
16,519
10,766
10,766
10,766
18,206
12.452
12,952
12.952
14.861

3,087
7,099
3,087
2,087
3,773
3,773
3,773
2,087
2,087
,587
,587
,587

,014
,014
,014
,014
,014
.014
1,014
,014
,014
,014
,014
.014

,415
,415
,415
,415
,415
,415
,415
,415
,415
,415
,415
,415

1948Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..

21,925
21,024
20,887
20,340
20,662
21,366
21,325
21,577
23,413
23,042
23,206
23,333

3,107
2,116
2,416
958
1,632
4,573 1
1,040
1,933
2,444
712
876
1,305

8,763
7,662
6,936
9,884
9,251
7,061
8,711
7,010
5,388
4,660
4,681
5,379

5,480
5,852
5,983
3,450
3,580
3,527
4,818
4,852
5,680
6,099
5,877
5,125

393
418
470
966
1,139
1,146
1,150
1,164
2,465
2,598
2,555
2,593

1,452
1,601
1,692
1,692
1,687
1,680
1,692
1,801
1,285
1,529
1,546
1,366

2,730
3,376
3,390
3,390
3,374
3,380
3,915
4,816
6,150
7,444
7,671
7,565

1956Jan...
Feb..
Mar..
Apr..
May:
June.
July. .
Aug..
Sept..
Oct.. .
Nov..
Dec..

23,466
23,482
23.636
23,345
23,474
23,758
23,438
23,854
23,680
23,767
24,385
24,915

204
4,172
59
153
152
133
95
114
211
220
6.155
599

5,386
1,435
688
304
7,873
8,176
455
852
6.501
6,580
6,274
6,439

13,861
13,861
18,873
19.373
11.933
11,933
11,433
19,373
13,452
14,166
9,154
15,075

,587
.587
,587
,087
,087 I
,087 |
9,027
,087
,087
373
373
373

,014
,014
,014
,014
,014
,014
,014
1,014
1,014
1,014
1,014
1,014

.415
,415
,415
,415
,415
,415
,415
,415
.415
.415
.415
.415

1
w
W

9.S U.S. GOVERNMENT SECURITIES HELD BY ALL FEDERAL RESERVE BANKS COMBINEDContinued
B. MATURITY DISTRIBUTION, END OF MONTH, 1941-70Continued
[Fn millions of dollars]
Maturity
Month

Month
Within
15 days

Maturity

Total

16-90
days

91 days1 year

1=5
years

5-10
years

Total

Over
10 years

Within
15 days

16-90
days

91 days1 year

1-5
years

5-10
years

Over
10 years

1957 Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec

23,421
22,887
23,149
23,169
23,108
23,035
23,355
23,539
23,312
23,338
23,733
24,238

5,188
64
128
101
186
118
8,189
135
95
142
8,188
675

857
67
286
333
8,044
8,039
6,870
655
8,339
8,289
6,162
6,335

14,575
19,955
19,946
19,946
12,089
12,089
5,507
19,960
12,089
12,118
6,594
14,439

373
373
361
361
361
681
681
681
681
681
681
1,374

1,014
1,014
1,014
1,014
1,014
750
750
750
750
750
750
57

1,415
,415
,415
,415
,415
,358
,358
,358
,358
,358
,358
,358

1964 Jan
Feb
Mar
Apr
May. . . .
June. . . .
July
Aug
Sept
Oct
Nov
Dec

32,752
33,169
33,770
33,169
34,229
34,794
35,051
35,164
35,350
35,709
36,774
37,044

4,137
454
866
6,598
343
670
2,357
420
650
6,892
538
1,083

2,153
8,371
8,413
2,099
4,667
4,635
3,031
9,396
9,281
3,181
3,911
3,564

15,438
9,909
10,034
9,979
12,490
12,723
12,897
10,183
10,023
10,167
16,828
16,799

8,669
12,149
12,160
12,158
14,364
14,691
14,691
12,848
12,956
13,091
13,119
13,506

2,136
2,067
2,075
2,105
2,131
1,836
1,836
2,037
2,126
2,053
2,088
1,797

219
219
222
230
234
239
239
280
314
325
290
'295

1958 Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23,331
23,240
23,628
23,681
24,162
25,438
24,480
25 , 346
24,986
25,443
26,229
26,347

5,586
45
39
262
154
381
6,613
152
135
268
8,085
742

517
459
854
683
7,854
9,265
2,009
1,193
8,708
9,031
7,507
7,094

14,439
19,946
20,285
20,285
13,725
13,365
13,365
21,507
13,650
13,650
8,143
13,159

1,374
1,374
,035
,035
,014
,014
,024
,024
,024
1,024
1,024
3,881

57
57
57
57
57
57
84
84
84
84
84
206

,358
,358
,358
,358
,358
,358
,386
,386
,386
,386
,386
,264

1965 Jan
Feb
Mar
Apr
May
June. . . .
July
Aug
Sept
Oct
Nov
Dec

36,741
36,907
37,591
37,754
38,686
39 , 1 00
39 , 207
39 , 049
39,774
39 , 657
40,575
40,768

1,305
662
1,030
5,075
816
1,183
5,033
717
575
6,993
638
793

3,335
7,649
7,461
3,509
7,898
7,749
4,078
10,409
9,811
3,774
6,495
6,545

16,503
14,671
15,083
15,153
18,368
1 8 , 1 70
18,098
17,756
19,070
18,572
17,542
17,530

13,506
1 1 , 799
1 2 , 409
12,409
9,952
10,138
10,138
8,378
8,484
8,484
14,066
14,066

,797
,820
,292
,292
,324
,489
,489
,408
,449
,449
,449
,449

295
306
316
316
328
371
371
381
385
385
385
385

1959 Jan
Feb..
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov.
Dec

25,715
25,350
25,497
25,703
25,905
26,044
26,543
26,690
26,563
26,631
26,922
26,648

5,928
123
164
422
115
253
8,595
171
398
5,506
214
675

1,172
1,053
1 ,149
933
9,426
9,352
1,308
6,700
6,424
1,735
7,711
7,053

1 3 , 263
18,823
18,833
18,996
11,012
11,087
11,289
11,825
11 , 747
1 1 , 396
11,002
10,926

3,881
3,881
3,881
3,881
3,881
3,881
3,881
6,524
6,524
6,524
6,524
6,524

206
206
206
206
206
410
410
410
410
410
410
677

,264
,264
,264
,264
,264
,060
,060
,060
,060
,060
,060
793

1966 Jan
Feb
Mar
Apr
May
June. . . .
July
Aug
Sept
Oct
Nov
Dec

40 , 565
40,189
40,734
40,713
41 ,480
42,169
42,380
42,518
42,907
42,975
43,912
44,316

3,286
603
506
7,326
771
538
6,874
1,347
572
1,761
2,043
1,169

4,324
10,453
11,047
4,374
10,488
1 0 , 708
5,014
5,222
6,499
5,146
8,346
9,415

17,055
14,180
14,218
14,026
14,919
15,633
15,121
20,66i
20,548
20,780
24,692
24,881

14,066
13,119
13,273
1 3 , 297
13,612
13,593
13,622
1 3 , 699
13,699
1 3 , 699
7,446
7,458

,449
,449
,305
,305
,305
,312
,352
,192
,192
,192
988
99!

385
385
385
385
385
385
397
397
397
397
397
402

I960 Jan..
Feb
Mar
A piMay
June
July
Aug
Sept
Oct.
Nov
Dec

25,464
25,209
25,264
25,558
26,035
26,523
26,885
26,762
27,024
27,402
27,488
27.384

5,880
216
174
232
230
445
5,932
419
472
5,735
220
821

859
829
789
876
6,734
6,622
1,541
6,472
6,584
1,568
5,384
5.247

10,731
14,170
14,307
14,456
11,934
12,320
12,275
12,734
12,832
12,934
9,741
9.186

6,524
8,544
8,544
8,544
5,687
5,687
5,687
5,687
5,687
5,716
10,694
10.680

677
657
1,179
,179
,179
,179
,179
,179
,179
,179
,179
1.179

793
793
271
271
271
271
271
271
271
271
271
271

1967 Jan
Feb
Mar
Apr
May
June. . . .
July
Aug
Sept
Oct
Nov
Dec

43,464
43,971
44,921
45,470
46,066
46,719
46,804
46,555
46 , 9 1 6
47 , 390
48,954
49.150

4,108
1,052
928
7,836
1,871
995
7,040
1,001
964
8,466
1,568
1.365

6,000
12,211
13,183
6,293
11 , 892
12,544
6,592
13,313
13,962
6,895
7,658
8.551

24,505
19,400
19,401
19,825
1 7 , 698
18,243
18,235
16,080
15,662
15,701
21,987
21.662

7,458
10,053
10,133
10,183
13,168
1 3 , 407
1 3 , 407
14,745
14,910
14,910
16,258
16.185

991
853
866
898
960
1,014
1 ,014
900
883
883
928
832

402
402
410
435
477
516
516
516
535
535
555
555

Digitized for FRASER


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

c/a

1961Jan
Feb.
Mar
Apr.
May
June
July
Aug
Sent,
Oct.
Nov
Dec.
1962 Jan
Feb
Mar
Apr.
May
June
July
AUE
Sept.
Oct
Nov
Dec.
1963 Jan
Feb
Mar.
Apr.
May
June
July
Aug.
Sept
Oct
Nov.
Dec

. .

..

..

26 570
26 667
26,688
26 772
26,887
27 , 253
27 422
27,697
27 799
28 268
29,210
28 881

3 938
204
357
3 099
393
341
5 380
266
227
405
197
567

1 455
4 531
4,172
1 295
6,314
6,503
1 146
1,192
1 245
1 332
6,746
6 630

9,054
11,128
10,982
10,761
7,442
7,834
7,895
11,853
11 916
11,990
10,686
10,453

28 532
28,360
29,061
29 182
29 622
29 , 663
29,786
30 358
29 825
30,201
30,454
30 820

5 500
'426
434
2 310
254
641
4,048
407
290
3,922
376
665

1 408
3, '320
3,832
2 123
5 420
5,163
1,565
4 968
4 949
1,491
5,195
5 252

10 380
12,040
11,854
11 749
11,614
11,395
11,584
12 547
11 960
12,077
11,957
11 850

30,289
30,586
30 963
31,182
31,254
32 027
32,468
32 391
32 563
32,758
33 667
33,593

4,154
462
517
3 982
450
645
4,796
565
588
4,194
619
493

1,256
4,681
4 717
1 431
5,608
5 681
1,804
5 450
5 805
2,183
6 211
6,322

11,861
12,485
12 464
12,441
14,778
15 166
15,182
13 135
12 827
13,038
15,813
15,754

10 673
9,344
9,306
9 603
10,471
10,268
10 575
11,914
11 908
12 016
9,091
8 738

1 179
1,189
1,733
1,863
2,116
2,141
2,218
2,252
2 274
2,287
2,223
2 227

271
271
138
151
151
166
208
220
229
238
267
266

1958 Jan.
Feb,
Mar
Apr.
May. . . .
June . . . .
July
Aug
Sept.
Oct. . . .
Nov
Dec.

49 092
48 952
49,748
50 519
50,625
52,230
52 397
53,044
53 288
53 329
53,350
52 937

2 718
1,225
1,264
5 270
1,383
1,455
7 269
1,494
1 840
7 675
1,425
1 341

7 662
10 731
11,801
8 392
13,099
13,821
8 210
15,549
15 574
8 518
18,123
18 243

21 062
27 004
26,404
26 527
22,187
23,159
23 123
17,359
17 150
18 638
9,010
8 919

16 237
7,740
7,948
7 988
7,957
7,737
7 737
7,902
7 934
7 652
13,238
12 880

853
1 692
1,756
1 765
5,421
5,470
5 470
10,141
10 186
10*235
10,943
10 943

560
560
575
577
578
588
588
599
604
611
611
611

8 751

10,438
10 487
9,82t
10,031
10,156
9 987
10 127
10,183
10,734
10 808

2 227
2,227
2,237
2 247
2 247
2,219
2,219
2 233
2 300
2,325
1,967
2 094

266
266
266
266
266
214
214
216
199
203
225
151

1969_jan
Feb
Mar
Apr
May
June . . . .
July
Aug
Sept
Oct
Nov
Dec.

52 127
52,295
52,430
53 192
53 839
54,095
54,138
54 950
54 134
55,532
57,318
57 154

10 128
1,610
1,833
3 155
1 775
1,435
1,659
1 746
2 068
2,036
1,373
2 148

9 409
9,231
9,508
8 660
9 431
9,675
8,815
10 199
9 '945
9,447
10,901
11 168

8 156
8,479
8,569
8 857
20 834
21,186
21 , 807
21 556
20*672
21,777
23,913
22 707

12 880
19'008
18,507
18 507
7,691
7,691
7,715
12 229
12 229
12,822
12,811
12 811

10 943
13*350
13,376
13 376
13 447
13,447
13,471
8 549
8 549
8,776
7,642
7 642

611
617
637
637
661
661
671
671
671
674
678
678

10,773
10,687
10 917
10 980
8,233
8 306
8,385
10 866
10 909
10,909
8,505
8,669

2,094
2,114
2 183
2,183
2,020
2 057
2,120
2 176
2 225
2,225
2,300
2,136

151
157
165
165
165
172
181
199
209
209
219
219

1970 Jan
Feb
Mar
Apr.
May....
June
July
Aue
Sept
Oct
Nov.
Dec

55,739
55,823
55 785
56 542
57 , 307
57 714
58,597
59 978
60 055
60,103
61 294
62,142

2,210
1,561
1 673
13 836
1,623
1 483
2,264
2 019
3 086
3,819
2 045
1,995

11,112
22,467
22 606
9 523
10,532
10 724
10,631
12 644
11 569
11,055
12 511
12,676

21,286
10,100
9 965
11 642
14,006
14 174
14,369
13 961
13 880
1 3 , 709
21 460
21,667

12,811
14,130
13 976
13 976
25,249
25 395
25,395
25 266
25 356
25,' 356
18,724
19,089

7,642
6,953
6 953
6 953
5,277
5 314
5,314
5 464
5 524
5,524
5,933
6,046

678
612
612
612
620
624
624
624
640
640
621
669

loiosi

NOTE.Includes holdings of Federal agency obligations under


repurchase agreement, authorized by the Federal Open Market
Committee on Nov. 1, 1966.

Digitized for FRASER


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

CO

tt
M

CO

FEDERAL RESERVE BANKS

9.6 INDUSTRIAL LOANS OF ALL FEDERAL RESERVE BANKS COMBINED


A.

NUMBER AND AMOUNTS APPLIED FOR AND APPRO.VED AND AMOUNTS OUTSTANDING,
JUNE AND DECEMBER, 1934-59
[Amounts in thousands of dollars]
Amount

Date '

Applications received
to date

Number

Amount

Applications approved
to date

Number

Amount

Loans

Commiements

Approved
Participations by
but not
cooperating completed4
financing 1 (amount)
institutions -

Repaid,
expired,
withdrawn
by applicant, etc.
(amount)

1934 Dec 26

4,386

146,972

984

49,634

13,589

8,225

1,296

20,966

5,558

1935 June 26
Dec. 31

6,325
7,437

237,581
293,084

1,646
1,993

88,778
124,493

27,518
32,493

20,579
27,649

4,533
8,778

11.248
11,548

24,900
44,025

1936 June 24
Dec 30

8,006
8,247

314,471
328,998

2,183
2,280

133,343
139,829 !

30,484
25,526

24,454
20,959

7,599
7.208

9,381
8,226

61.425
77,910

1937 J u n e 30
Dec 29

8,430
8,534

339.509
350,551

2.361
2,406

145,758
150,987

23,014
20,216

16.331
12,780

7,275
7,238

1,470
3,369

97,668
107,384

1938

J u n e 29
Dec. 28

8,976
9,188

369,583
387,490

2,566
2,653

161,158
175,013

18,444
17,345

1 3,649
14.161

8,426
12,722

3,084
1,946

117,555
128,839

!939=-June 28
Dec 27

9,308
9,418

395,499
405,225

2,721
2,781

179,778
188,222

15,255
13.683

1 1 , 1 75
9,220

12,000
10,981

2,067
2,659

139,281
151,679

1940

June 26
Dec 31

9,512
9,609

413,646
431,236

2,838
2,908

195,739
212,510

10,988
9,152

8,762
5,226

11,182
6,386

2,195
13,954

162,612
177,792

1941

June 25
Dec. 31

9,817
10,007

458,092
510,443

3,067
3,202

238,505
279,860

10,549
10,337

13,072
14,597

14,011
19,600

8,090
8,294

192,783
227.032

1942 June 24
Dec 31

1 0, 1 9 1
10,276

572,411
643,427

3,352
3,423

338,822
408,737

11,265
14,126

16.832
10,661

26,430
17.305

26.346
4,248

257,949
362.397

1943

June 30
Dec. 31

10,309
10,330

710,899
727,110

3,452
3,471

475,468
491,342

13,044
10,532

12,132
9,270

19,070
17,930

3,203
926

428,019
452,684

1944

June 30
Dec 31

10,342
10.348

747,123
761,800

3,483
3,489

510,857
525,532

11,366
3,894

4,048
4,165

11,063
2,705

45
1,295

484.335
513,473

1945 June 30
Dec. 31

10,361
10,370

773,598
781,228

3,502
3,511

537,331
544,961

3,252
1,995

5,224
1,644

2,501
1.086

70
320

526,284
539,916

1946

J u n e 30
Dec. 31

10,383
10,403

788,977
804,230

3,524
3,542

552,711
565,913

1,210
554

5,366
8,309

1,110
2,670

615
4.577

544.410
549,803

1947 June 30
Dec 31

10,419
1 0,441

811,460
828,581

3,555
3,574

572,836
586,726

1,778
1,387

7,018
7,434

4,043
4,869

195
945

559,802
572,091

1948June 30
Dec 3 1 . .

10,469
10,483

851,015
856,407

3,599
3,607

610,956
615,653

851
995

6,482
1,643

3,238
1,990

1,045
335

599,340
610,690

1949 June*30
Dec 31

1 0,494
10,561

862,671
871,689

3,615
3,649

621,297
629,326

614
2,178

2,278
2,288

2.618
2,947

205
539

615,582
621,374

1950

10,621
10,649

882,474
897,222

3,677
3,698

638,015
651,389

2,779
2,632

1,352
3,754

2,731
3,745

4,416
4,819

626,737
636.439

1951 June 30
Dec 31

10,695
10,711

918,984
959,634

3,724
3,736

671,432
710,931

5,762
4,687

3,740
6,036

6,199
I t , 985

3,221
3,513

652,510
684,710

1952 June 30
Dec 3 1 . .

10,731
10,743

988,368
1,017,169

3,745
3,753

738,721
766,492

5,101
3,921

5,947
3,210

10,105
3,289

1,083
1,638

716,485
754,434

1953 June 30
Dec 11

10,752
10,765

,039,135
,057,800

3,758
3,765

788,058
803,429

3.223
1,900

3,142
3,569

3,142
3,469

1,645
1,951

776,906
792,540

1954

June 30
Dec 31

10,772
10,778

,066,972
,073,012

3,768
3.771

812,433
818,224

1,247
719

2,395
1,148

,855
,027

195
520

806,741
8(4,810

1955 June 30
Dec. 31

10,783
10,788

,079,245
,082,712

3,775
3,778

824,441
826,853

460
702

3,571
2,293

,577
,103

170
305

818,663
822,450

1956 June 30.


Dec 31

10,791
10,794

,100,975
,104,009

3,780
3,782

830,116
832,550

904
794

2,565
2,365

,287
,129

1957 June 30
Dec 31

10,797
10,800

,109,175
,114,699

3,783
3,786

835,766
841,291

742
524

1.780
1,109

919
1,123

80

832,245
838,535

1958 June 30
Dec 31

10,802
10,803

,116.734
,117,084

3,787
3,787

843.321
843,321

343
335

991
975

799
806

75

841,113
841,205

1959

10,803

1,117.084

3,787

843,321

328

360

381

June 30. ..
Dec. 31

June 30

For notes see next page.

Digitized for FRASER


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

492

825,360
828,262

842,252

FEDERAL RESERVE BANKS

9.6 INDUSTRIAL LOANS OF ALL FEDERAL RESERVE BANKS COMBINEDContinued


B.

Date

MATURITY DISTRIBUTION OF LOANS OUTSTANDING, JUNE AND DECEMBER, 1934-59


[In thousands of dollars]

Total 5

Within
13 days

16-90
days

9 1 daysI year

1934 Dec. 26

13,589

32

1,147

12,410

1935 June 26
Dec. 31

27 518
32493

1 203
1 674

1 013
1 732

25 302
29087

1936 June 24
Dec. 30

29 936
24,768

1 63 I
1,167

I 534
1,598

26 771
22,003

1937 june 30
Dec 29

22 152
18 291

849
1 334

1 780
1 317

5 703
4 97I

13 820
10 719

1938 June 29
Dec. 28

16590
15,688

1 239
1,784

I 391
1,562

5073
5,181

8 887

1939-=June 28
Dec. 27

12440
11113

1 716
2 043

I 370
661

3 953
3 290

5 401
5 119

1940 June 26
Dec. 3!

8,975
7,538

2,057
1,528

668
344

1,711
1,872

4,539
3,794

1941 June 25
Dec. 31

9,088
9,504

1,522
3,116

1,440
1,011

2,314
2,513

3,812
2,864

10 596
13 999

5 558
8 564

1 366
2 389

1 239
1 691

2 433

1943 June 30
Dec 29

12 676
10 138

10 339
8 253

I 029
1 178

818
368

490
339

1944 June 28
Dec. 27

11 067
5,963

10404
5 789

261
28

292
59

1 10
87

1945 June 27
Dec 26

3,293
2038

2,155
1 925

48
10

863
77

227
26

1946 June 26
Dec. 25

1 189
541

1 012
460

23
14

90
26

64
41

1942 June 24.


Dec 30

...

7 161

1 355

1
2

Total 5

Within
15 days

1947_June25
Dec 31

1,773
1 387

1,216
1 316

40
1

79
36

438
34

1948 June 30
Dec. 29

851
851

535
757

280
2

6
69

30
23

1949 June 29
-Dec. 28

474
1,989

420
1 211

27
16

1950 June 28
Dec. 27

2 667
2 397

70
120

319
151

1 269
902

1 009
1 224

1951 June 27
Dec 26

5450
4 706

688
1 341

4 762
90

2007

1 268

1952 June 25
Dec. 31

4920
3,892

1 345
256

343
1,987

2 100
1,304

1 132
345

1953' June 24
Dec. 30

3,029
1,973

948
821

742
72

1,198
1,020

141
60

1954 June 30
Dec 29

1,232
622

4
126

123
32

1,063
389

42
75

1955 June 29
Dec. 28

472
712

25
21

147
4

157
584

143
103

1956 June 27
Dec 26

922
805

63
68

80
4

428
463

351
270

1957 june 26
Dec. 25

744
499

62
60

29
29

463
211

190
133

1958 June 25
Dec. 31

343
336

153
213

29
18

73
43

88
62

]959 June 24

Last Wednesday through 1942; end of month thereafter.


Includes industrial loans past due 3 months or more, which are not
included in "industrial loans" in statements of condition of the F . R .
Banks.
-1 Not covered by F.R. Bank commitment to purchase or discount.
4
Includes applications approved conditionally by the F.R. Banks
and under consideration by applicant.

Digitized for FRASER


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

Date

1-5
years

16-90
days

91 days1 year

1-5
years

]|
131

16
631

Excludes industrial loans past due 3 months or more.

Note.The industrial loan program was discontinued on Aug.


21, 1959, one year after Section 13b of the Federal Reserve Act was
repealed by the Small Business Investment Act of 1958.

493

FEDERAL RESERVE BANKS

9.7 DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-68
[In millions of dollars unless otherwise noted]
Deposits
Month and year

Total

Member
bank
reserves

U.S.
Treasury

Foreign

Other

F.R. note
liability

Excess

Total

Reserve
ratio
(per cent)

1941_jan
Feb
Mar
Apr
May
June
July
Aug..,.
Sept
Oct
Nov
Dec

16,359
16,331
16,364
16,266
16,194
16,044
15,843
15,672
15,496
15,527
15,343
14,935

14,339
13,996
13,979
13,600
13,650
13,201
13,120
13,004
13,184
13,097
12,900
12,812

265
548
618
892
618
987
949
829
476
525
669
592

,755
,787
,767
,774
,926
,856
,774
,839
,836
,905
,774
,531

5,861
5,941
6,067
6,209
6,383
6,581
6,789
6,948
7,151
7,340
7,544
7,984

12,129
12,182
12,277
12,291
12,354
12,359
12,331
12,325
12,313
12,426
12,440
12,352

20,199
20,274
20,431
20,468
20,575
20,607
20,592
20,589
20,597
20,796
20,828
20,773

90.9
91.0
91.1
91.1
91.1
91.1
91.0
91.0
90.9
90.9
91.0
90.6

1942Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

14,792
14,577
14,389
14,274
14,234
14,094
14,197
14,196
13,874
13,929
14,160
14,669

12,936
12,908
12,827
12,649
12,510
12,624
12,409
12,623
12,299
12,234
12,618
13,152

467
377
244
197
317
136
425
240
254
350
219
307

,389
,292
,318
,428
,407
,334
,363
,333
,321
,345
,323
,210

8,204
8,427
8,580
8,711
8,926
9,222
9,534
9,909
10,393
10,933
11,454
12,012

12,386
12,400
12,372
12,338
12.260
12,203
12,044
11,875
11,790
11,573
11,269
10,919

20,845
20,873
20,840
20,818
20,812
20,825
20,827
20,807
20,803
20,821
20,807
20,858

90.6
90.7
90.7
90.6
89.9
89.3
87.8
86.3
85.7
83.7
81.2
78.2

1943Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

14,904
14,322
14,427
14,289
13,793
13,742
14,360
14,475
14,704
14,175
14,338
15,141

13,344
12,933
13,255
12,717
12,024
12,293
12,410
12,597
12,864
12,035
12,313
12,749

310
212
8
276
433
148
454
316
336
559
338
669

,250
,177
,164
,296
,336
,301
,496
,562
,504
,581
,687
,723

12,160
12,428
12,669
12,925
13,268
13,673
14,111
14,605
15,131
15,420
15,970
16,657

10,858
10,892
10,721
10,533
10,501
10,327
9,874
9,561
9,169
9,177
8,829
8,189

20,938
20,876
20,838
20,704
20.636
20,606
20,544
20,469
20,368
20,306
20,235
20,151

77.4
78.0
76.9
76.1
76.3
75.2
72.2
70.4
68.3
68.6
66.8
63.4

1944Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

15,308
14,542
14,697
14,820
15,202
15,818
15,125
15,169
15,645
15,691
16,361
16,429

12,935
12,349
12,431
12,574
12,962
13,518
12,900
13,004
13,476
13,808
14,520
14,168

484
335
393
324
318
347
396
385
495
290
262
666

,889
,858
,873
,922
,922
,953
,829
,780
,674
,593
,579
,595

16,919
17,134
17,449
17,740
18,221
18,707
18,991
19,426
19,965
20,520
21,116
21,594

7,986
8,040
7,681
7,323
6,836
6,300
6,300
6,005
5,504
5,139
4,614
4,335

20,111
19,983
19,805
19,606
19,445
19,319
19,190
19,085
18,966
18,839
18,787
18,723

62.4
63.1
61.6
60.2
58.2
56.0
56.3
55.2
53.3
52.0
50.1
49.2

1945Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

16,081
16,209
16,193
16,641
17,110
17,414
16,936
17,081
17,522
17,511
17,809
17,899

14,048
14,040
14,429
14,621
15,156
15,415
14,755
14,978
15,414
15,675
16,043
16,027

532
536
269
504
405
368
618
549
609
448
419
625

,501
,633
,495
,516
,549
,631
,563
,554
,499
,388
,347
,247

21,691
21,950
22,263
22,440
22,746
22,892
23,172
23,593
23,960
24,123
24,320
24,582

4,377
4,161
3,973
3,693
3,322
6,225
8,013
7,783
7,548
7,475
7,341
7,253

18,682
18,614
18,546
18,493
18,409
18,197
18,040
17,952
17,919
17,884
17,873
17,873

49.5
48.8
48.2
47.3
46.2
45.1
45.0
44.1
43.2
43.0
42.4
42.1

1946Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov 1
Dec..

17,851
17,789
17,512
17,099
17,357
17,735
17,880
17,883
17,889
17,558
17,898
17,925

15,921

648
856
809
448
556
686
589
524
515
444
596
556

,282
,248
,167
,120
,074
,053
,274
,328
,214
947
992
852

24,366
24,146
24,050
23,982
23,972
24,093
24,247
24,334
24,442
24,549
24,690
24,947

7,391
7,530
6,786
7,829
7,762
7,640
7,577
7,547
7,515
7,624
7,618
7,628

17,945
18,014
18,077
18,099
18,094
18,097
18,109
18,101
18,098
18,151
18,265
18,346

42.5
43.0
43.5
44.1
43.8
43.3
43.0
42.9
42.8
43.1
42.9
42.8

15,685
15,536
15,531
15,727
15,996
16,017
16,031
16,160
16,167
16,310
16,517

For note see end of table.

Digitized for FRASER


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

494

FEDERAL RESERVE BANKS

9.7 DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-68Continued
[In millions of dollars unless otherwise noted]
Reserves

Deposits
Month and year

Total

Member
bank
reserves

U.S.
Treasury

1947Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

18,168
18,747
18,447
17,714
17,583
17,661
18,076
18,517
18,426
18,926
19,286
19,244

16,399
16,006
16,006
15,931
15,978
16,154
16.347
16,481
16,866
17,073
16,988
17,261

780
1,895
1,344
723
612
557
735
957
553
945
1.287
967

1948Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

19,534
19,144
19,264
19,137
19,227
19,773
20,312
20,436
20,757
22,374
22,382
22,439

17,390
16.834
17,106
16,926
16,933
17,396
17,526
17,690
18,509
19,818
19,835
19,990

,130
,323
,089
,225
,420
,487
,829
,834
,321
,598
,563
,398

1949Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

22,216
22,342
21,681
21,479
20,127
19,473
18,926
18,364
17,722
17,839
17,872
18,293

19,991
19,570
19,417
19,185
18,146
18,068
17,558
16,873
16,083
16,113
16,119
16,291

1950Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

18,412
18,209
18,050
17,843
17,803
18,078
18,283
18,345
18,586
18,688
18,523
19,279

1951Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1952Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

Other

Excess

Total

Reserve
ratio
(per cent) l

1,016

24,625
24,364
24,253
24,106
24,048
24,107
24,167
24,176
24,572
24,514
24,558
24,827

7,767
7,879
8,494
8,893
9,215
9,407
9,602
9,735
9,892
10,043
10,262
10,437

18,465
18,657
19,169
19,348
19,623
19,849
20,163
20,408
20,642
20,903
21,223
21,455

43.1
43.3
44.9
46.3
47.1
47.5
47.7
47.8
48.0
48.1
48.4
48.7

1,014
987
1,069
986
874
890
957
912
927
958
984
1,051

24,431
24,115
23,932
23,720
23,645
23,712
23,826
23,867
24,046
24,073
24,138
24,275

10,580
10,907
11,044
11,178
11,262
11,316
11,308
11,355
11,365
11,076
11,209
11,269

21,571
21,722
21,843
21,892
21,980
22,187
22,343
22,431
22,566
22,688
22,839
22,948

49.1
50.2
50.6
51.1
51.3
51.0
50.6
50.6
50.4
48.8
49.1
49.1

,014
.539
,009
,109
914
421
391
521
649
555
457
687

1,211
1,233
1,255
1,185
984
977
970
990
,171
,296
,315

23,849
23,546
23,463
23,364
23,316
23,307
23,365
23,289
23,318
23,297
23,298
23,551

11,476
11,569
11,770
11,868
12,256
12,487
12,702
12,929
13,127
13,055
12,979
12,740

22,992
23,041
23,056
23,079
23,117
23,182
23,275
23,342
23,387
23,339
23,272
23,201

49.9
50.2
51.1
51.5
53.2
54.2
55.0
56.0
57.0
56.7
56.5
55.4

16,520
16,146
16,081
15,898
15,941
16,194
16,253
16,273
16,602
16,731
16,742
17,391

472
585
638
695
563
512
549
668
749
590
450
615

,420
,478
,331
,250
,299
,372
,481
,404
,235
,367
,331
,273

23,175
22,946
22,929
22,902
22,821
22,792
22,924
22,851
22,984
23,066
23,201
23,597

12,787
12,834
12,844
12,842
12,874
12,776
12,638
12,384
11,927
11,715
11,506
10,916

23,184
23,123
23.089
23,028
23,030
22,994
22,940
22,683
22,320
22,154
21,937
21,635

55.7
56.2
56.3
56.5
56.7
56.3
55.7
55.1
53.7
53.1
52.6
50.5

19,655
21,004
21,022
21,208
20,775
20,751
20,792
20,761
21,027
21,296
21,097
21,416

18,088
18,907
19,207
19,324
18,892
19,309
19,229
19,174
19,396
19,868
19,794
20,310

368
842
603
632
640
280
405
483
576
451
436
271

861
862
861
860
896
914
867
833
758
690
583
571

338
393
351
392
347
248
291
271
297
287
284
264

23,243
23,090
23,073
23,067
23,180
23,377
23,712
23,823
24,078
24,227
24,458
24,970

10,557
9,992
9,652
9,500
9,524
9,484
9,383
9,406
9,393
9,491
9,681
9,672

21,282
21,016
20,676
20,569
20,513
20,516
20,509
20,552
20,669
20,872
21,070
21,269

49.6
47.7
46.9
46.5
46.7
46.5
46.1
46.1
45.8
45.8
46.3
45.9

21,316
21,146,
21,385
21,201
21,158
21,311
21,801
21,851
21,837
22,102
22,321
22,784

20,470
19.995
20,207
19,777
19,767
20,140
20,535
20,306
20,514
20,611
20,744
21,180

109
352
333
549
553
328
306
501
326
550
591
569

506
469
562
551
538
601
681
785
766
688
689
745

231
330
283
324
300
242
279
259
231
253
297
290

24,620
24,392
24,363
24,342
24,391
24,643
24,863
24,933
25,167
25,344
25,654
26,232

10,130
10,452
10,651
10,725
10,715
10,620
10,487
10,452
10,394
10,277
10,143
9,825

21,614
21,837
22,088
22,111
22,102
22,109
22,153
22,148
22,145
22,139
22,137
22,079

47.1
48.0
48.3
48.5
48.5
48.1
47.5
47.3
47.1
46.7
46.1
45.0

For note see end of table.

Digitized for FRASER


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

Foreign

F.R. note
liability

495

989
846
1,097
1,060
993
950
994
1,079
1,007
908
1,011

1,067

FEDERAL RESERVE BANKS

9.7 DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-68Continued
[In millions of dollars unless otherwise noted]
Deposits
Month and year

Total

Reserves

Member
bank

U.S,
Treasury

Foreign

Other

F.R. note
liability

Excess

Total

Reserve
ratio
(per cent)

1953Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

22,526
21,882
21,568
21,362
21,155
21,108
20,974
21,106
20,981
20,962
21,073
21,378

20,958
20,520
20,416
20,007
19.897
20,287
19,653
19,526
19,552
19,536
19,718
19,920

552
500
244
395
356
52
545
656
537
557
497
602

611
526
530
563
552
566
537
548
538
463
434
466

405
336
378
397
350
203
239
376
354
406
424
390

25,835
25,628
25,594
25,562
25,608
25,718
25.887
25,915
26,073
26,098
26,260
26,642

9,810
9,730
9,627
9,646
9,687
9,628
9,467
9,282
9,222
9,156
9,406
9,337

21.900
21,608
21,418
21,377
21,378
21,335
21,182
21,037
20,986
20,921
21,239
21,342

45.3
45.5
45.4
45.6
45.7
45.6
45.2
44.7
44.6
44.5
44.9
44.4

I954_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

21,255
21,024
20,909
20,884
20,962
21,146
20,703
20,069
19,897
20,402
20,508
20,526

20,179
19,557
19,573
19,392
19,533
19,670
19,164
18,478
18,403
18,893
19,207
19,279

201
568
490
584
486
602
498
591
541
610
492
443

453
470
494
481
531
553
632
536
522
455
416
439

422
429
352
427
412
321
409
464
431
444
393
365

26,149
25,768
25,611
25,498
25,477
25,530
25,655
25,552
25,617
25,680
25,888
26.363

9,483
9,572
9,645
9,683
9,675
9,572
9,649
9,777
9.746
9.580
9,445
9,309

21,334
21,270
21,275
21,279
21,285
21,241
21,239
21,182
21,125
21,101
21,044
21,031

45.0
45.5
45.7
45.9
45.8
45.5
45.8
46.4
46.4
45.8
45.4
44.9

1955Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

20,315
20,189
20.130
20,!52
19,988
19,801
20,131
20,126
20,029
20,172
20,278
20,527

19,114
18,819
18,635
18,800
18,746
18,715
18,824
18,728
18,711
18,870
18,902
19,240

341
477
690
501
421
329
461
569
540
509
538
434

477
420
363
370
389
412
423
431
386
390
394
459

383
473
442
481
432
345
423
398
392
403
444
394

25,917
25,608
25.559
25,531
25,555
25,718
25,947
25,979
26,130
26,214
26,444
26,911

9,477
9,585
9,608
9,573
9,602
9,612
9,474
9,461
9,454
9,402
9,322
9,144

21,035
21,034
21,030
20,994
20,988
20,992
20,994
20,988
20,994
20,999
21,003
21,004

45.5
45.9
46.0
46.0
46.1
46.1
45.6
45.5
45.5
45.3
45.0
44.3

1956Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

20,252
19,904
20,155
20,068
19.944
20,037
19,937
19,880
20,140
20,062
20.246
20,617

19,138
18,709
18,924
18,847
18,735
18.933
18,836
18,783
19,024
18,939
19,169
19,535

356
480
532
545
556
485
521
504
523
487
456
463

404
364
349
338
331
315
300
318
356
337
308
372

354
351
350
338
322
304
280
275
237
299
313
247

26,511
26,113
26,061
26,014
26,039
26,208
26,455
26,422
26,557
26,600
26,855
27,394

9,319
9,508
9,473
9,527
9,586
9,547
9.538
9.596
9,523
9,555
9,453
9,255

21,010
21,012
21,027
21,048
21,082
21,108
21.136
21,172
21,197
21,221
21,228
21,258

44.9
45.7
45.5
45.7
45.8
45.6
45.6
45.7
45.4
45.5
45.1
44.3

1957Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

20,229
19,781
19,839
20,203
19.985
20,155
20,265
19,946
20,152
20,131
20,081
20.336

19,295
18,816
18,884
19,087
18,827
18,982
19,129
18,834
18,956
19,040
18,958
19,420

335
336
423
429
521
490
480
490
547
495
464
385

323
335
316
348
361
393
377
349
378
338
322
345

276
294
216
339
276
290
279
273
271
258
337
186

27,009
26,627
26,492
26,436
26.377
26.535
26,781
26,773
26,887
26,843
27,018
27,544

9.495
9,996
10,039
9,971
10.082
10,264
10,179
10,262
10,182
10,228
10,281
10,113

21,305
21,598
21,622
21.631
21,673
21.937
21,941
21,942
21,942
21,972
22,056
22,083

45.1
46.5
46.7
46.4
46.7
47.0
46.6
47.0
46.6
46.8
46.8
46.1

1958Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

20,329
20,014
19.802
19,565
19,376
19,673
19,767
19,719
19,520
19,576
19,595
19,968

19,296
19,000
18,730
18,394
18,223
18,600
18,609
18,580
18,425
18,476
18,540
18,899

512
421
457
494
466
442
498
541
445
449
410
470

297
294
265
267
286
281
302
274
325
299
276
262

224
299
350
410
401
350
358
324
325
352
369
337

27,069
26,651
26,561
26,488
26,486
26,610
26,838
26,880
26,960
26,999
27,272
27,881

10,245
10,478
10,365
10,064
9,745
9,332
9,052
8,873
8.732
8,522
8,342
8,013

22,095
22.144
21,956
21.577
21,211
20,903
20,703
20,523
20,352
20,166
20,059
19,975

46.6
47.5
47.4
46.9
46.2
45.2
44.4
44.0
43.8
43.3
42.8
41.7

For note see end of table.

Digitized for FRASER


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

496

FEDERAL RESERVE BANKS

9.7 DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-68Continued
[In millions of dollars unless otherwise noted]
Deposits
Month and year

Total

Reserves

Member
bank
reserves

U.S.
Treasury

Foreign

Other

F.R. note
liability

Excess

Total

Reserve
ratio
(per cent) 1

1959Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

19,967
19,675
19,595
19,799
19,755
19,582
19,774
19,756
19,818
19,812
19,802
19,861

18,893
18,577
18,429
18,664
18,580
18,451
18,671
18,613
18,593
18,610
18,621
18,628

415
417
477
505
532
495
490
546
543
512
485
524

306
303
312
283
274
277
269
260
301
302
317
361

353
378
377
347
369
359
344
337
381
388
379
348

27,459
27,106
27,027
26,984
27,065
27,323
27,567
27,577
27,648
27,596
27,766
28,273

8.078
8,196
8,208
8.121
7,927
7,797
7,547
7,466
7,353
7,352
7,398
7.157

19,935
19,891
19,864
19,817
19,632
19,523
19,382
19,299
19,220
19,204
19,290
19,191

42,0
42.5
42.6
42.4
41.9
41.6
40.9
40.8
40.5
40.5
40.6
39.9

I960Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

19,740
19,082
18,755
18,935
19,021
19,1 13
19,290
19,183
18,822
18,974
18,930
17,961

18,568
17,947
17,770
17,843
17,962
18,001
18,208
18,111
17,697
17,843
17,737
16,688

534
515
481
554
534
496
492
490
516
488
462
522

270
214
197
185
194
221
213
202
216
226
243
250

368
406
307
353
331
395
377
380
393
417
488
501

27,899
27,520
27,406
27,359
27,286
27,404
27,664
27,662
27,727
27,729
27,924
28,450

7,251
7,486
7,579
7,520
7,485
7,417
7,205
7,043
6,940
6.600
6,047
6,056

19,161
19,137
19,119
19,094
19,062
19,046
18,944
18,754
18,577
18.276
17,761
17,659

40.2
41.1
41.4
41.2
41.2
40.9
40.3
40.0
39.9
39.1
37.9
38.0

1961-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

17,865
17,668
17,510
17.447
17,390
17.521
17,536
17,725
17,883
18,120
18,181
18,248

16.715
16,532
16,419
16,474
16,420
16,547
16,547
16,701
16.811
17.082
17.183
17,259

482
521
459
422
463
515
474
489
473
469
483
514

239
189
240
207
205
205
235
241
285
254
258
229

429
426
392
344
302
254
280
294
314
315
257
246

28,063
27,673
27,550
27,497
27,489
27,651
27,979
27,997
28.142
28,242
28,554
29.210

5,788
5,772
5.814
5,857
5.870
5,876
5,860
5,878
5,670
5,461
5,230
4,791

17,270
17,107
17,079
17,093
17,090
17,169
17,239
17,309
17.176
17,052
16,914
16,656

37.6
37.7
37.9
38.0
38.1
38,0
37.9
37.9
37.3
36.8
36.2
35.1

18,135
17,861
17,874
18,180
18,255
18.303
18,347
18,205
18,237
18.472
18,033

17.195
16,916
16.939
17,083
17,122
17,196
17,272
17,144
17,227
17,382
16,706
16,932

417
426
448
485
551
514
490
524
500
517
472
587

234
211
215
220
221
269
273
200
211
216
202
222

289
308
272
392
361
324
312
337
299
357
326
292

28.915
28,530
28,500
28,602
28,640
28.882
29,260
29,303
29,434
29,501
29,871
30,534

4,817
4,928
4,843
4,599
4,460
4,367
4,134
3,981
3,889
3,777
3,804
3,558

16.580
16,526
16.437
16,295
16,184
16.163
16,036
15,858
15,807
15,770
15.698
15.700

35.2
35.6
35.4
34.8
34.5
34.3
33.7
33.4
33.2
32.9
33.0
32.3

18.212
18,134
17,958
18,015
18,013
18,007
18,29-1
17,933
18,104
18.193
18.364
18.549

16.909
16.724
16,707
16,671
16.761
16.800
16,991
16,723
16,890
16,920
17,017
17.303

777
832
878
917
890
794
923
846
866
918
938
879

226
208
188
183
171
193
176
164
149
161
150
160

300
370
185
244
191
220
201
200
199
194
259
207

30,179
29,870
29,931
30,073
30,176
30,514
30,983
31,095
31,302
31,422
31,842
32,725

3,567
3,661
3,620
3,589
3,500
3,374
3,062
3,057
2.945
2.898
2.762
2,463

15,665
15,646
15,592
15,600
15.545
15,503
15.381
15,314
15,296
15,302
15,298
15.281

32.4
32.6
32.6
32.4
32.3
32.0
31.2
31.2
31.0
30.8
30.5
29.8

18,579
18,306
18.483
18.351
18,377
18,581
18.545
18,593
18,816
18.920
18,805
19,283

17,247
17.018
17,146
17,084
17,092
17,356
17.408
17,340
17,589
17,716
17,812
17,964

965
926
948
924
957
886
804
909
893
863
613
944

155
141
153
141
148
135
131
145
143
133
148
18!

212
221
236
202
180
204
202
199
191
208
232
194

32,374
31,983
32,029
32,190
32,343
32,677
33,109
33,296
33,579
33,777
34.310
35,200

2,493
2.619
2,553
2,552
2,503
2,368
2,268
2,209
2,087
2,007
1.874
1.458

15.231
15.191
15,181
15,187
15,183
15,183
15,182
15,181
15,186
15,181
15.153
15,079

29.9
30.2
30.1
30.0
29.9
29.6
29.4
29.3
29.0
28.8
28.5
27.7

1962Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct

....

Nov

17,706

Dec
1963Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

..

1964Jan
Feb
Mar
Apr
, May
June
July
Aug
Sept
Oct
Nov
Dec
For note see end of table.

Digitized for FRASER


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

497

FEDERAL RESERVE BANKS

9.7 DEPOSITS, FEDERAL RESERVE NOTE LIABILITIES, RESERVES, AND RESERVE RATIO OF ALL FEDERAL
RESERVE BANKS COMBINED, MONTHLY AVERAGES OF DAILY FIGURES, 1941-68Continued
[In millions of dollars unless otherwise noted]
Reserves

Deposits
Month and year

Reserve
ratio
(per cent) l

Member
bank
reserves

U.S.
Treasury

19,299
19,193
19,065
19,342
19,325
19,359
19,466
19,400
19,498
19,739
19,588
19,824

18,006
17,820
17,836
18,047
18,070
18,187
18,301
18,076
18,111
18,323
18,235
18,747

875
943
890
865
908
844
805
924
978
1,024
930
683

180
145
144.
170
142
142
160
215
210
169
174
154

238
285
195
260
205
186
200
185
199
223
249
240

34,963
34,628
34,652
34,742
34,855
35,271
35,790
35,974
36,258
36,562
37,050
37,892

1,383
1,239
5,738
5,511
5,369
5,187
4,704
4,592
4,524
4,439
4,290
4,025

14,949
14,694
14,401
14,197
14,083
14,005
13,652
13,586
1 3 , 589
13,580
13,553
13,498

27.5
27.3
41.6
40.9
40.4
39.7
38.1
37.8
37.5
37.1
36.6
35.6

19,918
19,670
19,346
19,689
19,976
20,068
20,894
20,414
20,681
20,764
20,554
20,461

18,812
18,482
18,414
18,766
18,762
18,679
19,220
18,759
19,268
19,409
19,225
19,568

700
798
479
311
670
824
1,059
1,107
869
758
682
291

160
140
158
148
138
152
196
135
131
145
152
164

246
250
295
464
406
413
419
413
413
452
495
438

37,678
37,360
37,406
37,590
37,723
38,066
38,584
38 , 679
38,755
38,788
39,209
39,997

4,010
4,086
4,001
3,793
3,682
3,531
3,324
3,172
3,091
3,075
2,958
2,671

13,430
13,426
13,353
13,191
13,113
13,048
12,970
12,842
12,780
12,772
12,760
12,670

35.6
35.9
35.7
35.1
34.8
34.3
33.6
33.2
33.0
32.9
32.5
31.7

1967_jan
Feb.
Mar.
Apr,
May
June
July
Aug
Sept.. . .
Oct
Nov..
Dec

20,951
20,936
20,530
20,831
20,853
20,695
21,477
21,217
21,146
21,999
22,240
22,257

19,765
19,675
19,404
19,365
19,263
19,388
19,730
19,600
19,980
20,402
20,458
20,753

566
609
505
860
990
715
1,123
1,036
566
974
1,167
902

153
136
136
125
137
128
128
128
127
125
146
150

467
516
485
481
463
464
496
453
473
498
469
452

39,703
39,186
39 , 1 22
39 , 1 46
39,307
39,704
40,275
40,335
40,515
40,646
41,053
42,077

2,746
2,864
2,831
2,813
2,771
2,675
2,534
2,460
2,378
2,339
2,139
1,399

12,672
12,661
12,612
12,599
12,598
12,601
12,603
12,544
12,506
12,501
12,402
11,918

31.9
32.3
32.2
32.2
30.1
31.7
31.3
31.1
30.9
30.8
30.2
28.3

1968 Jan
Feb
Mar. . .

22,838
22,954
22,941

21,188
21,265
21,354

1,011
1,021
916

157
143
165

482
525
506

41,883
41,348
41 , 427

1,002
1,064
306

11,473
11,401
10,663

27.4
27.6
25.7

1965 jan.(
Feb
Mar.
Apr.
May
June
July
Aug.
Sept
Oct.
Nov.
Dec

1966 Jan..
Feb.
Mar.
Apr. . , .
May
June.
July
Aug. . .
Sept
Oct
Nov. . . .
Dec.

Total

...

. .

...

Foreign

1
Ratio of total reserves to deposit and F.R. note liabilities combined through February 1965, Legal requirements for maintenance of
gold reserve against F.R. Bank deposit liabilities eliminated Mar, 3,
1965, and of gold reserve against F.R. notes eliminated Mar, 18,
1968.
Deposit figures are shown after February 1965 for information
only.

Digitized for FRASER


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

498

Other

F.R. note
liability

Excess

Total

FEDERAL RESERVE BANKS


9.8

FEDERAL RESERVE NOTES: AMOUNTS OUTSTANDING AND COLLATERAL


A.

ALL BANKS COMBINED, END OF YEAR, 1941-70


[In millions of dollars]

Federal Reserve notes


Year

1941
1942
1943.
1944.
1945 .
1946
1947
1948 .
1949.
1950
1951 .
1952.
1953
1954
1955

Total
outstanding

....

...

...
. ..

1956
1957
1958.
1959. .
1960
1961 .
1962
1963
1964.
1965

..

1966.
1967
1968
1969 .
1970

Collateral held by F.R. Agent

Held by
Issuing
Banki

Other F.R.
Banks

U.S.
Treasury

Total

Gold
certificate
account

Eligible
paper

U.S. Govt.
securities

8,612
12,672
17,512
22,508
25,633

420
479
606
777
984

36
57
91
113
153

18
55
78
137
107

8,138
12,081
16,737
21,482
24,388

8,727
12,825
17,760
22,913
26,128

8,724
12,467
13,266
11,298
10,523

3
3
5
80
201

355
4,889
11,535
15,403

25,742
25,706
25,127
24,359
24,548

796
886
966
876
961

163
162
187
162
170

110
77
57
59
54

24,672
24,582
23,918
23,262
23 , 363

26,292
26,301
25,809
25,167
25,342

11,053
12,719
13,579
14,359
13,604

12
32
30
8
73

15,227
13,550
12,200
10,800
11,665

26,131
27,421
27,771
27,347
27 ,989

,066
,170
,213
,094
,068

201
239
214
239
345

56
70
91
69
70

24,807
25,941
26,253
25,945
26,506

26,552
27,960
28,523
28,355
28,950

12,484
12,399
11,093
11,208
11,713

18
121
10
7
52

14,050
15,440
17,420
17,140
17,185

28,533
28,643
29 ,058
29,448
29,730

,057
,108
,186
,186
,281

351
443
477
524
525

87
60
77
91
87

27,038
27,031
27,318
27,647
27 , 837

29,231
29,450
29,713
30,280
30,469

11,618
12,273
11,073
10,650
9,385

8
12
25
100
19

17,605
17,165
18,615
19,530
21 ,065

30,593
32,119
34,318
37,231
40,351

1,288
1,475
1,440
1,889
2,401

503
489
497
684
875

108
71
68
85
101

28,694
30,084
32,113
34,573
36,973

31,310
32,838
35,147
38,129
41,326

8,375
7,643
6,890
6,687
6,625

10
16
15
12
1

22,925
25,179
28,242
31 ,430
34,700

42,217
44,311
47,560
50,412
53,745

2,021
1,940
2,049
2,169
2,358

858
728
785
770
1,065

107
98
73
138
117

39,231
41,545
44,653
47,334
50,204

43,463
45,269
48,748
51,374
54,745

6,505
6,663
4,057
3,222
3,330

2,000

36,956
38,606
44,691
48,152
51,415

For note see next page.

Digitized for FRASER


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

In circulation

499

FEDERAL RESERVE BANKS


9.8

FEDERAL RESERVE NOTES: AMOUNTS OUTSTANDING AND COLLATERALContinued


B. EACH BANK, END OF YEAR, 1945, 1955, 1965, AND 1970
[In millions of dollars]
Collateral held by F.R. Agent

Federal Reserve notes


Bank and year

Total
outstanding

Less: held by
issuing Bank
and forwarded
for redemption

Gold
certificate
account

Total

Net 2

U.S. Govt.
securities

Eligible
paper

Boston
1945
1955
1965
1970

1,539
1,674
2,372
3,055

60
60
122
137

1,479
1,614
2,250
2,919

1,561
1,841
2,385
3,090

460
640
440
250

New York
1945
1955
1965
1970

5,555
6,348
9,095
12,811

147
227
495
614

5,408
6,120
8,600
12,196

5,717
6,470
9,200
12,900

3,120
2,870
1,000
500

Philadelphia
1945
1955
1965
1970

1,699
1,921
2,338
3,003

64
81
97
69

1,635
1,840
2,241
2,934

1,700
1,952
2,401
3,100

500
725
500
300

Cleveland
1945
1955
1965
1970.

2,183
2,614
3,483
4,368

87
121
251
169

2,096
2,493
3,232
4,198

2,185
2,670
3,550
4,410

635
1,070
600
510

1,800
2,108
3,573
4,741

62
83
185
136

1,738
2,025
3,388
4,604

1,846
2,149
3,603
4,770

670
845
853
610

Atlanta
1945
1955
1965
1970. . .

1,567
1,462
2,438
2,857

83
63
181
212

1,484
1,398
2,257
2,645

1,580
1,500
2,450
2,900

680
500
550

900
1,000
1,900
2,900

Chicago
1945
1955
1965
1970

4,570
5,315
7,322
9,340

125
125
431
337

4,445
5,190
6,891
9,003

4,590
5,400
7,500
9,450

1,890
2,400
1,100
1,000

2,700
3,000
6,400
8,450

St. Louis
1945
1955
1965
1970

1,120
1,300
1,536
2,037

56
51
85
86

1,063
1,245
1,451
1,951

1,180
1,362
1,625
2,085

300
450
315
155

Minneapolis
1945 . .
1955
1965
1970

569
583
734
911

17
51
34
36

552
532
700
875

570
651
742
930

170
150
127

400
500
615
930

Kansas City
1945
1955. . .
1965
1970

948
1,088
1,509
1,956

37
37
76
78

911
1,051
1,433
1,878

980
1,147
1,525
1,975

280
280
225

17

700
850
1,300
1,975

Dallas
1945
1955
1965
1970 .

663
761
1,291
2,061

45
41
97
115

619
720
1 , 194
1,946

669
808
1,310
2,135

169
283
180
5

500
525
1,130
2,130

San Francisco
1945
1955
1965...
1970

3,419
2,816
4,659
6,605

200
127
346
370

3,219
2,689
4,313
6,237

3,549
3,000
5,035
7,000

1,649
1,500
735

1,900
1,500
4,300
7,000

Richmond
1945
1955
1965
1970

....

1
Includes F.R. notes forwarded for redemption.
2 Includes F.R. notes held by U.S. Treasury and by F.R. Banks other
than the issuing Bank.

Digitized for FRASER


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

500

197

26
1

1,100
1,200
1,945
2,840
2,400
3,600
8,200
12,400
1,200
1,200
1,900
2,800
1,550
1,600
2,950
3,900

4*

' 2
2

1,175
1,300
2,750
4,160

878
910
1,310
1,930

9.9 EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS


A. SUMMARY: CUMULATIVE 1914-70; AND ANNUALLY 1942-70
[In thousands of dollars]
Disposition of net earnings

Year

Discounts
and
advances

665,891

Acceptances

149,404

U.S.
Government
securities

Commitments to
Industrial
make
industrial
loans
loans

Foreign
currencies

Alt
other

Total
current
earnings

Net
earnings
before
payments
to U.S.
Treasury *

Payments to U.S. Treasury


Dividends
paid

Under
Franchise
tax 2
Sec. 13b

Interest
on F.R.
notes

Transferred to
surplus
(Sec. I3b)

Transferred to
surplus
(Sec. 7}

532,005

6,580

1,210

45,638

1,400,728

657,255

194,961

1,069

-766

312,853

51,404
68,090
102,810
139,553

474
414
303
101

101
49
22
13

619
601
533
566

52,663
69 , 306
104,392
142,210

12,471
49 , 528
58,438
92,662

8,669
8,911
9,500
10,183

198
245
327
248

50
135
201
262

3,554
40,237
48,410
81,969

43
4

147,125
155,564
298,903
312,241
272,916

38
60
42
41
116

15
19
15
10
11

667
814
830
773
762

150,385
158,656
304,161
316,537
275,839

92,524
95,235
197,133
226,937
231,561

10,962
11,523
11,920
12,329
13,083

67
35

28
87

81,467
8,366
18,523
21,462
21,849

2l5

389,125
441 , 630
497,455
434,837
398,979

209
186
121
43
24

21
30
14
14
18

161
131
171
113
168

394,656
456,060
513,037
438,486
412,488

297,059
352,950
398,463
328,619
302,163

13,865
14,682
15,558
16,442
17,712

254,873
291,935
342,568
276,289
251,741

28,321
46,333
40,337
35,888
32,710

547
848
806
1,075
1,385

571,788
735,372
734,212
857,028
1,084,767

36
30
18

15
10
4

238
296
284
395
600

595,649
763,348
742,068
886,226
1,103,385

474,443
624,393
604,471
839,771
963,378

18,905
20,081
21,197
22,722
23,948

401,555
542,708
524,059
910,650
896,817

53,983
61,604
59,215
-93,601
42,613

2,502
4,132
8,866
10,492
19,803

1,159
1,256
1,729
2,787
3,199

937,615
1,039,308
1,138,167
1,323,740
1,522,022

3,502
2,040
6,336
13,995

372
310
318
392
465

941,648
1,048,508
1,151,120
1,343,747
1,559,484

783,855
872,316
964,462
1,147,078
1,356,216

25,570
27,412
28,912
30,782
32,352

687,393
799 , 366
879,685
1,582,119
1,296,810

70,892
45,538
55,865
-465,823
27,054

29 , 249
7,661
29,702
65,336
50,738

5,764
4,823
4,154
4,676
4,730

1,850,809
2,152,112
2,653,504
3,180,795
3,771,788

21,987
25,251
76,539
121,716
48,786

691
557
547
837
1,176

1,908,500
2,190,404
2,764,446
3,373,360
3,877,218

1,702,095
1,972,376
2,530,615
3,097,830
3,567,287

33,696
35,027
36,959
39,237
41,136

1,649,455
1,907,498
2,463,629
3,019,161
3,493,571

18,944
29,851
30,027
39,432
32,580

Total 1914-70... 1,063,842

188,605

27,795,664

320,152

60,025

29,438,715

24,893,585

808,237

Total 1914-41...

1942
1943.
1944
1945.

65
152
724
1,977

1946
1947
1948
1949.
1950

2,497
2,195
4,371
3,472
2,034

1951
1952
1953.
1954
1955

5,139
14,083
15,276
3,479
13,084

1956.
1957
1958.
1959
1960

23,025
26,792
6,744
27,728
16,633

1961.
1962
1963
1964
1965

1966
1967
1968
1969
1970

1
2

8,836

1,591

Current earnings less current expenses, plus or minus adjustment for profit and loss items.
The Banking Act of 1933 eliminated the provision in the Federal Reserve Act requiring payment of a franchise tax.

Digitized for FRASER


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

149,138

149,138

2,189

75^224 '
166,690
193,146
196,629

23,103,571

-3

830 ,453

3
The $830,452,999 transferred to surplus was reduced by direct charges of $500,000 for chargeoff on Bank premises (1927). $139,299,557 for contributions to capital of the Federal Deposit
Insurance Corporation (1934) and $3,657 net upon elimination of Sec. 13b surplus (1958) and
was increased by $11,131,013 transferred from reserves for contingencies (1945), leaving a balance
of $701,780,800 on Dec. 31, 1970.

8
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9.9 EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKSContinued


B. DETAIL FOR EACH BANK DURING 1970
[In dollars]

Item

Total

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas
City

Dallas

San
Francisco

Current Earnings
Discounts and advances
Acceptances . " . . . .
U.S Govt, securities
Foreign currencies . .
All other

....

Total

50,737,919 3,497,819 12,883,134 1,548,387 2,508,266 2,086,333 2,173,989 14,933,619


831,685 1,387,356 1,986,813 2,263,363 4,637,155
4,730,465
4,730,465
3,771,788,164 i89,b'39,i2i 956,260,942 194,105,935 293,561,717 281,255,061 200,162,777 614,380,420 136,206,294 74,457,250 144,432,674 163,444,145 524,481,828
48,786,279 2,338,626 12,821,481 2,488,871 4,336,184 2,488,231 3,162,786 7,276,478 1,660,614 1,075,946 2,050,380 2,732,476 6,354,206
27,121
39,754
445,823
74,812
51,762
65,269
1,175,617
43,001
80,731
37,585
171,248
57,764
80,747
3,877,218,444 194,918,567 987,141,845 198,170,314 300,486,898 285,867,210 205,574,364 636,761,765 138,738,347 76,972,314 148,535,136 168,497,748 535,553,936
Current Expenses

Salaries:
Officers
Employees
Retirement and other benefits
Fees Directors and others
Traveling expenses. .
Postage and expressage
Telephone and telegraph
Printing and supplies
Insurance
Taxes on real estate
Depreciation (buildings)
Light, heat, power, and water
Repairs and alterations
Rent
Furniture and equipment:
Purchases . . . .
....
Rentals
All other
....
Inter- Bank expenses
Subtotal .
F.R. currency
Assessment for expenses of Board
of Governors
Total
Less reimbursement for certain fiscal
agency and other expenses
Net expenses

Digitized for FRASER


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

13,009,400
154,724,505
33,823,807
2,937,394
3,918,261
34511,561
5,245,778
13 353,491
526,355
7,119,718
5,231,410
2,881,022
1,569,529
690,482

803,572 2,596,519
9,893,700 39,448,320
2,227,758 8,068,623
103,181 1,186,798
581,185
238,580
2 220,733 3,957 278
248,987 1,246,080
884,976 2,519 922
97,763
38,243
844,436 1,265 606
909,285
131,093
461,405
167,135
276,491
73,085
349 159
206,907

904,056
7,066,332
1,611,024
96,413
132,215
1,340,498
215,582
681,914
20,175
179,904
76,596
112,295
53,497
12,519

5,840,669
14,802,581
5,576,872

278,408 1,688,877
879,386 1,555,029
306,174 1,290,386
105058 -1,387427

192,881
820,513
360,239
107,623

810,370 1,103,389
977,281 1,213,267
9,877,373 11,704,549 10,929,387 21,327,018
2,201,306 2,594,180 2,407,748 4,418,317
349,020
118,488
96,004
225,201
405,430
257,656
326,036
495,806
3 049,454 4251 169 3,293 859 4 267,837
364,184
676,841
526,278
401,623
876,219 1 245 691 1,113604 1,869,911
37,551
48,619
46,634
46,551
464,149
445481 1,291,428
288,926
229,348
1 60,473
780,811
549,982
248,055
298,610
379,609
270,106
87,283
103,780
142,543
240,266
6,861
38,069
4850
59,633
555,467
649,923
483,106
189,167

464,264
1,631,500
246,891
-100568

651,384
1,111,279
338,865
145 849

602,673
2,523,251
1,029,624
316,049

1,082,857
8,564,546
1,979,365
102,000
252,592
2281 350
277,216
925 408
38,102
281,885
508,957
203,201
102,021
4,119

744,432
5,882,671
1 323 741
208,014
306,166
1 427 962
191,915
496 480
20,075
430818
75,145
115,353
64,894
1 721

948,896
9,143,097
2,105,024
101,528
281,974
2,361 627
311,263
988 793
42,338
547 439
849,765
302,822
143,438
3 834

371,589
1,075,055
244,622
77 692

204 007
735,109
250 565
50 328

233,676
1,769,173
392 570
95231

762,423 1,062 338


6,971,946 13,915,566
1,595,420 3 291 301
200,010
150,737
252,303
388 318
2 092, 1 35 3 967 659
308,345
477 464
598,160 1 152413
27,284
63,020
355,203
724 443
522,252
437,703
151,764
170,667
151,735
130,496
1,199
1 611
225,995
894,162
397,075
123 108

371,448
1,158,201
236,755
276 591

305761,536 19 651 412 66,111 299 13,984,276 20,613,303 24871,188 23,865 083 41,533,264 18 372 577 12 529 396 20 622 488 15630 519 27976731
1,165,582 2,930,825
415,133 1,163,297
23,573,710 1,390,809 4,159,961 1,195,804 1,462,454 2,815,300 2,050,161 3,955,139
869,245
21,227,800

1,009,500

5,614,400

1,078,100

1,896,900

1,084,700

1,377,500

3,137,100

724,700

476,800

897,900

1,186,300

2,743,900

350,563,046 22,051,721 75,885,660 16,258,180 23,972,657 28,771,188 27,292,744 48,625,503 19,966,522 13,421,329 22,683,685 17,982,401 33,651,456
29,189,660

1,491,906

6,037,914

1,353,140

2,741,252

1,581,759

2,170,279

5,319,490

1,718,143

863 575

1,941 235

1(024,944

2 946,023

321,373,386 20,559,815 69,847,746 14,905,040 21,231,405 27,189,429 25,122,465 43,306,013 18,248,379 12,557 754 20 742 450 16957,457 30 705 433

Profit and Loss


Current net earnings
Additions to current net earnings:
Profits on sales of U.S. Govt.
securities
. .
Profits on foreign exchange
transactions
All other .
Total additions
Deductions from current net earnings
Net addition to current net earnings.

3,555,845,058 174,358,752 917,294,099 183,265,274 279,255,493 258,677,781 180,451,899 593,455,752 120,489,968 64,414,560 127,792,686 151,540,291 504,848,503

8,260,326

414,588

2,072,992

424,448

649,168

616,332

434,020

1,347,366

299,178

165,029

318,647

363,538

1,155,020

3,474,814
274,680

166,791
34,089

917,351
20,283

177,215
11,467

309,258
18,920

177,216
73,937

225,863
592

514,272
17,728

118,144
5,772

76,446
8,297

145,942
47,230

194,590
18,843

451,726
17,522

12,009,821

615,468

3,010,626

613,130

977,346

867,485

660,475

1,879,367

423,094

249,772

511,819

576,971

1,624,268

567,990

53,619

93,655

14,591

121,109

58,110

25,644

27,211

7,065

3,971

12,231

27,495

123,289

11,441,829

561,849

2,916,971

598,539

856,237

809,375

634,831

1,852,156

416,029

245,801

499,588

549,475

1,500,978

Net earnings before payments to


U.S. Treasury.
. ...

3,567,286,887 174,920,601 920,211,071 183,863,812 280,111,730 259,487,156 181,086,729 595,307,909 120,905,996 64,660,361 128,292,274 152,089,766 506,349,481

Dividends paid . ,
Payments to U.S. Treasury (interest
on F.R. notes)

3,493,570,636 172,129,591 901,017,113 179,826,771 273,227,057 255,889,469 174,728,793 582,782,779 118,297,901 62,925,367 125,073,163 147,989,985 499,682,646

41,136,551

1,938,260 10,953,058

2,082,392

3,666,823

2,100,487

2,706,936

6,065,780

1,406,095

' 929,243

1,741,861

2,304,631

5,240,985

Transferred to surplus
Surplus, January 1

852,750 8,240,900 1,954,650 3,217,850 1,497,200 3,651,000 6,459,350 1,202,000


805,750 1,477,250 1,795,150 1,425,850
32,579,700
669,201,100 31,924,600 176,548,750 34,017,000 59,891,800 34,203,350 43,214,800 98,996,250 22,840,500 14,992,250 28,264,900 37,349,700 86,957,200

Surplus, December 31

701,780,800 32,777,350 184,789,650 35,971,650 63,109,650 35,700,550 46,865,800 105,455,600 24,042,500 15,798,000 29,742,150 39,144,850 88,383,050
Officers and Employees (number)

Officers
Employees .

547
21 521

34
1 399

94
4 694

40
1 Oil

34
1 328

50
1 823

48
1 720

52
3 002

48
1 348

31
780

43
1 363

35
1 088

50
1 965

NOTE.Details may not add to totals because of rounding.

Digitized for FRASER


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

r^

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9.10 VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS OF ALL FEDERAL RESERVE BANKS COMBINED, 1941-70
Collection items
handled

Checks handled
Year

Currency
received
and
counted

Discounts
and
advances *

Coin
received
and
counted

U.S. Govt.
checks

Postal
money
orders

All other *

U.S. Govt.
coupons
paid

Number of pieces handled (thousands)

All other

Issues, redemptions,
and exchanges of
U.S. Govt.
securities

Transfers
of funds

Food
stamps
redeemed

1941
1942
1943
1944
1945

4
1
2
5
8

2,529,703
2,678,801
2,874,099
3,006,898
3,016,719

3,216,761
3,761,445
3,810,300
4,167,265
4,562,709

123,128
130,895
266,686
426,460
510,608

,142,465
,204,648
,246,384
,288,465
,341,342

15,047
14,990
16,527
17,054
18,292

6,392
5,833
5,072
4,622
4,483

13,890
117,898
270,608
357,782
382,067

840
842
865
906
939

1946
1947
1948
1949
1950

8
11
10
8
8

3,423,547
3,491,962
3,754,584
3 , 809 , 865
3,846,397

5,743,862
6,046,748
6,531,128
7,294,363
7,190,498

380,634
331,914
331,866
357,044
365,812

,597,377
,668,651
,780,185
,847,807
1,955,232

20,192
19,003
17,417
16,334
15,323

4,551
7,135
11,373
11,451
12,793

245,904
177,351
164,556
151,103
153,886

,059
,148
,220
,232
,343

1951
1952
1953
1954
1955

11
18
20
10
21

4,066,619
4,183,063
4,405,255
4,384,270
4,282,562

5,889,223
5,716,379
7,856,216
8,382,024
8,430,796

412,865
446,084
458,607
481,408
503,516

371,318
366,807
354,368
347,351

2,122,147
2,292,017
2,414,150
2,512,985
2,643,549

14,510
1 3 , 599
13,703
12,753
12,301

13,428
14,172
14,360
15,443
16,368

154,335
163,568
177,596
191,112
191,922

,525
,595
,718
,808
1,960

1956
1957
1958
1959
1960

23
25
14
26
19

4,466,739
4,631,676
4,547,668
4,631,081
4,746,665

8,610,821
9,089,460
9,574,474
9,929,912
9,767,544

539,359
469,158
388,541
393,860
407,333

342,313
324,161
295,350
279,939
270,307

2,822,589
2,974,940
3,085,185
3,257,839
3,419,093

11,997
12,546
13,564
13,915
16,357

17,813
19,308
20,429
20,853
21,513

198,519
207,246
193,665
196,063
197,825

2,123
2,302
2,426
2,695
2,918

1961
1962
1963
1964
1965

7
7
9
10
11

4,618,346
4,734,419
4,831,516
5,026,311
5,144,345

10,276,927
10,213,309
8,704,412
4,561,704
5,855,884

430,829
443,271
454,576
467,288
491,848

259,209
247,400
243,999
234,094
223,337

3,630,936
3,873,341
4,069,111
4,318,708
4,606,907

16,431
15,879
15,430
15,042
14,087

23,144
25,327
26,839
27,271
26,820

192,366
198,123
204,213
212,267
222,477

3,038
3,318
3,603
4,010
4,389

34,904
46,129
50,481
81,885

1966
1967
1968
1969
1970

16
6
11
23
13

5,232,806
5,338,781
5,561,500
5,720,499
6,029,373

9,304,120
10,958,606
10,957,259
12,873,277
13,402,165

504,049
540,065
554,813
575,118
622,144

217,473
205,343
195,871
187,123
183,574

5,021,454
5,419,583
5,904,929
6,503,449
7,158,441

14,305
14,355
13,255
13,118
14,210

26,712
25,203
26,299
27,895
27,364

235,555
246,289
267,826
283,175
276,172

4,832
5,444
5,894
6,662
7,363

166,615
273,983
384,763
519,595
1,277,007

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Z

c/3

Amounts handled (thousands of dollars)

1941
1942
1943
1944
1945

125,178
193,278
2,840,341
14,922,128
34,778,804

11,283,817
13,010,185
15,599,680
17,157,034
18,307,687

327,555
355,581
381,254
417,014
445,892

27,732,559
67,834,790
113,791,554
127,931,710
124,610,917

334,336,667
409,273,478
509,640,311
532,755,045
563,498,349

926,960
1,082,321
1,481,520
1,840,647
2,348,172

6,003,082
6,167,564
7,882,053
7,962,994
9,295,666

36,540,166
93,598,885
211,749,395
264,138,176
302,353,553

118,423,057
140,444,452
203,510,209
215,006,532
223,490,280

1946
1947
1948
1949
1950

20,133,819
17,234,926
19,138,175
20,216,071
17,050,334

20,945,847
22,099,562
24,307,644
23,841,612
24,039,335

519,892
612,089
578,857
623,678
622,620

80,419,096
72,577,329
69,605,341
64,379,607
64,569,739

651,457,054
719,630,054
799,771,839
758,342,771
856,952,849

2,817,311
2,491 ,424
2,379,155
2,303,038
2,173,589

9,312,790
6,455,968
4,965,273
4,175,169
4,758,483

278,422,685
254,060,950
321,953,221
289,312,802
346,224,112

252,991,164
316,459,625
393,459,807
415,887,444
509,167,912

1951
1952
1953
1954
1955

43,422,106
105,549,326
93,438,640
22,871,449
88,436,422

26,175,324
27,001,076
29,514,663
28,482,428
27,461,048

592,664
558,416
775,029
810,278
862,022

89,648,061
119,423,270
140,739,438
141,037,495
123,215,681

5,996,899
6,091,173
5,943,178
5,814,754

799,891,846
808,521,799
850,673,084
845,365,275
927,648,399

2,020,560
1,923,079
2,270,606
2,209,045
2,595,305

5,121,274
5,103,262
4,615,970
5,085,695
5,354,604

344,771,945
355,234,532
381,877,330
469 , 247 , 400
429,701,960

656,771,175
767,974,539
876,838,475
1,038,100,606
1,091,608,891

109,665,475
114,469,820
41,306,072
105,058,505
58,057,685

29,104,496
29,926,319
29,596,570
30,730,461
31,553,482

887,418
922,742
956,235
,022,660
,095,870

114,173,132
102,062,972
99,942,372
106,724,118
105,212,842

5,941,097
5,796,279
5 , 297 , 341
5,078,641
5,029,890

1,003,202,371
1,044,553,457
1,044,984,066
1,130,235,860
1,154,120,907

2,563,075
3,032,805
3,695,458
3,866,402
4,798,446

5,495,317
5,758,976
5,663,684
5,838,199
5,793,218

421,612,394
493,391,267
526,037,271
545,489,154
527,444,784

1,233,509,550
1,345,185,037
1,643,532,069
1,882,069,626
2,428,083,100

1961
1962
1963
1964
1965

14,657,545
19,685,050
44,894,170
46,551 ,402
75,684,394

30,670,620
31,621,061
32,350,089
34,548,507
36,075,114

,133,470
,140,009
,007,532
559,588
496,582

115,009,063
125,431,359
131,795,729
134,585,725
134,806,438

4,860,182
4,701,516
4,707,908
4,578,853
4,507,801

1,198,461,186
1,283,430,670
1,363,949,957
1,475,038,258
1,633,863,858

4,717,259
4,755,819
5,213,610
5,371,153
5,380,748

6,553,424
6,940,394
7,143,665
7,851,274
10,723,571

560,263,435
639,755,488
683,736,756
738,062,697
763,248,392

2,706,716,007
3,168,359,313
3,442,100,310
3,953,186,948
4,496,230,723

36,378
66,514
73,182
116,498

1966
1967
1968
1969
1970

90,667,647
30,968,332
84,525,110
154,305,388
129,578,588

37,001,390
38,410,969
40,585,320
43,273,577
45,718,990

957,282
1,184,616
1,173,761
1,432,623
1,533,972

160,014,331
175,068,179
190,653,523
208,155,031
208,858,062

4,626,573
4,860,925
4,640,992
4,603,938
4,736,564

1,893,974,522
2,043,772,112
2,350,761,951
2,774,422,163
3,330,673,690 .

5,916,485
6,693,383
6,765,295
6,849,373
5,702,894

12,624,804
15,299,519
19,865,950
19,782,240
21,022,409

793,261,958 5,555,075,862
820,283,379 6,565,594,328
1,055,426,914
7,727,430,321
1,151,579,538 9,800,324,538
1,433,118,703 12,332,001,386

226,508
368,569
513,618
694 , 394
1,840,100

1956
1957 .
1958
1959
1960

1
2

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Exclusive of industrial loans.


Beginning in 1951, excludes checks drawn on F.R. Banks.

Packaged items handled as a single item are counted as one piece.

Section 10

MEMBER BANK RESERVES


AND RELATED ITEMS
Contents
INTRODUCTION

509

GOT n STOCK

515

RELATIONSHIP OF ITFMS

510

SPECIAL DRAWING RIGHTS


CERTIFICATE ACCOUNT

FFFFCT ON RESERVES

515

511

SHIFTING IMPORTANCE OF FACTORS

512

TREASURY CURRENCY OUTSTANDING

515

FACTORS ABSORBING RESERVE


FUNDS

516

513

CURRENCY IN CIRCULATION

516

513
514
514
514
515
515

TREASURY CASH HOLDINGS AND


TREASURY DEPOSITS WITH FEDERAL
RFSFRVE BANKS

517

FACTORS SUPPLYING RESERVE


FUNDS
RESERVE BANK CREDIT

U.S. Government securities


Federal Reserve Bank loans
Acceptances
Federal Reserve Bank float
All other Reserve Bank credit
Other Federal Reserve assets

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513

Cash
Deposits

507

517
517

Contents-continued

FOREIGN DEPOSITS WITH FEDERAL


RESERVE BANKS

518

OTHER DEPOSITS WITH FEDERAL


RESERVE RANKS

518

OTHER FEDERAL RESERVE ACCOUNTS

518

MEMBER BANK RESERVES

518

Required reserves
Excess reserves
Free reserves

ILLUSTRATION OF DERIVATION
OF STATEMENT__
_

521

519
521
521

Tables

10.1

Member
A.
B.
C.
D.
10.2 Reserves

Bank Reserves, Reserve Bank Credit, and Related Items


Annual Averages of Daily Figures, 1917-70
_^____________ 524
Monthly Averages of Daily Figures, 1941-70
.._ 526
Weekly Averages of Daily Figures, 1951-70
_____ 536
Wednesday Figures, 1941-70
__
558
and Borrowings of Member Banks, by Class of Bank,
Monthly Averages of Daily Figures, 1929-70
590
10.3 Member Bank Deposits Subject to Reserve Requirements, 1929-70
__ 604
10.4 Member Bank Reserve Requirements, 1917-70
608
10.5 Changes in Central Reserve and Reserve City Designations, 1914-70
609

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508

MEMBER BANK RESERVES


AND RELATED ITEMS

Section 10

INTRODUCTION
market operations by the Federal Reserve, the
inflow of gold from abroad, or Federal Reserve purchases of foreign exchange.1
To show both the volume and the sources of
member bank reserve funds, the Board of Governors of the Federal Reserve System publishes
a balanced statement each week that shows the
various currency and credit elements that in-

The principal task of the Federal Reserve


System is to foster a flow of credit and money
that will facilitate sustained high levels of employment, orderly economic growth, a stable
dollar, and reasonable balance in this country's
international transactions. In carrying out this
responsibility the System relies primarily on its
ability to increase or decrease the volume and
cost of bank reserves. The statistics described
here relate to factors that supply or absorb reserve funds of banks that are members of the
Federal Reserve System; they were developed
by the Federal Reserve for use in helping to
implement credit policy.
The availability of reserves to member banks
and the method by which banks obtain these
reserves influence their ability to make loans or
investments and their attitude in the matter.
For example, because of the cost and liability
involved, banks look with less favor on reserves obtained through their own borrowing
than they do on reserves obtained as a result
of other factors in the market, such as open

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1
For further discussion see: (1) Board of Governors of the Federal Reserve System, The Federal Reserve SystemPurposes and Functions (Washington,
1974). (2) The following articles published in the
Federal Reserve Bulletin: "The Monetary System of
the United States" (February 1953, pp. 98-109);
"Influence of Credit and Monetary Measures on
Economic Stability" (March 1953, pp. 219-34);
"Federal Financial Measures for Economic Stability"
(May 1953, pp. 456-62); and "Seasonal Factors
Affecting Bank Revenues" (February 1958r pp. 12233). And (3) the following papers published by the
Board of Governors of the Federal Reserve System in
Banking Studies (Washington, 1941): "Money System
of United States," "Instruments of Federal Reserve
Policy," "System Organization: Determination of
Credit Policy," "Currency System of United States,"
and "Monetary Controls."

509

Member Bank Reserves and Related Items


fluence member bank reserves.2 This statement,
sometimes referred to as the bank reserve
equation, combines materials from two basic
sourcesthe "Statement of Condition of All
Federal Reserve Banks" and the Treasury
Statement of United States Currency and Com3
and also some data from the Daily Statement
of the United States Treasury* It is necessary
to include selected Treasury data because that
agency has important monetary and currency
functions that have a direct effect on the supply or absorption of member bank reserves.
Figures for the two basic statements for
December 31, 1970, are given in slightly condensed form in Tables A and B5 at the end of
this text, as are tables showing the methods by
which the two statements are consolidated. All
2
The balanced statement in which statistics of
member bank reserves, Reserve Bank credit, and related items are now published is the result of developments over a period of many years. References to the
basic materials published on the subject appeared in
note 2, p. 360, of Banking and Monetary Statistics,
(1914-41), published in 1943 by the Board of Governors of the Federal Reserve System.
3
Prior to Jan. 31, 1966, the statement used was the
Circulation Statement of United States Money; that
statement was discontinued after 1965.
4
Figures for Treasury holdings of gold and silver,
and for the liabilities against them, are available in
the Daily Statement of the United States Treasury.
5
Table B, "Kinds of United States Currency Outstanding and in Circulation," is prepared from the
Treasury Statement of United States Currency and
Coin and other Treasury sources.

the items except required and excess reserves


and the amounts of currency and coin counted
as reserves are derived from these two statements. The table on page 511 gives the various
items that make up the combined statement,
with figures as of December 31, 1970.
Table 10.1 of this section shows figures
for the consolidated statement. Parts A, B, and
C of this table provide averages of daily
figuresannual, monthly, and weekly, in that
order; Part D provides Wednesday figures.
Parts A, B, and D are similar to tables that
appeared in Banking and Monetary Statistics
(1914-41). Part C contains weekly averages,
which are available only for the period beginning with 1951. Current statistics are available
in the Board's weekly release (H.4.1), Factors Affecting Bank Reserves and Condition
Statement of F.R. Banks and are published
each month in the Federal Reserve Bulletin.
Supplementary data on member bank borrowings and reserves are shown in Table 10.2;
on deposits subject to reserve requirements
in Table 10.3; and on reserve requirements in
Table 10.4.
The following paragraphs discuss the relationship of the different items of the consolidated statement and their shifting importance
over long periods and describe briefly the
source and nature of each item, classified by
"Factors supplying reserve funds" and "Factors absorbing reserve funds."

RELATIONSHIP OF ITEMS
The sum of the four itemstotal Reserve
Bank credit; gold stock; Special Drawing Rights
certificate account; and Treasury currency
equals the sum of the other sevencurrency in
circulation; Treasury cash; Treasury deposits
with Federal Reserve Banks; foreign deposits;
other deposits; other Federal Reserve accounts
through March 1969, and other Federal Reserve
liabilities and capital since then;6 and member
bank reserves with Federal Reserve Banks.
6

See "Other Federal Reserve accounts," p. 518.

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510

Increases in the first four items supply reserve


funds, and decreases in them absorb funds. On
the other hand, increases in the other items
absorb reserve funds, while decreases supply
such funds.
Each item, however, represents factors that
may result from different influences and that
may affect different forces. Changes in some of
them are caused primarily and directly by
actions of the member banks or the Federal
Reserve Banks. Federal Reserve Banks are the
active element in changes in reserves that arise
from purchases or sales of securities in the

Section 10
open market. Member banks are an active
element when they expand loans and investments. These actions cause increases in the
deposit liabilities of member banks and hence
in their required reserves, which have to be
met through temporary borrowing at Federal
Reserve Banks if the reserves are not otherwise
available. Changes in other factors are primarily the result of influences not controlled by
either member banks or Reserve Banks. Gold
movements, currency in circulation, Treasury
cash, and Treasury deposits with Reserve
Banks belong in the latter category.
Federal Reserve credit is the balance wheel
between these more or less independent factors
and member bank reserves. The extent to
which the Federal Reserve System uses its
credit powers depends on current Federal Reserve policy and on changes in bank reserves
caused by gold movements, currency movements, and other factors.
Factors Affecting Member Bank Reserve Funds,
December 31, 1970
In millions of dollars

=___=^_=__

Factors supplying reserve funds


Reserve Bank credittotal
U.S. Government securities:
Bought outright
62,142
Held under repurchase agreement
Acceptances:
Bought outright
57
Held under repurchase agreement
Loans:
Member bank borrowing
335
Other
Federal Reserve
float
4,261
Other Federal Reserve assets
1,123
Gold stock
Special Drawing Rights certificates
."
Treasury currency outstanding
Total

67,918

10,732
400
7,149
86,197

Factors absorbing reserve funds


Currency in circulation
Treasury cash holdings

Deposits with Federal Reserve Banks:


Treasury
Foreign
Other
Other Federal Reserve liabilities and capital

57,093
431
1,156
148
1,233
1,986

Total
Member bank reserves:
With Federal Reserve Banks
Currency and coin (vault cash)
Total reserves held
Required reserves
Excess reserves

62,047
24,150
5 ,423

29,573
30,033
460

1
During the period Dec. 1, 1959-Nov. 23, 1960, member banks
were permitted to count a part, and thereafter to count all, of their
holdings of currency and coin in meeting reserve requirements. This
currency is a part of the total currency in circulation as published in
the Treasury's statement, "Kinds of United States Currency Outstanding and in Circulation" and as shown above.

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511

EFFECT ON RESERVES
Among factors in the first group, open
market purchases of U.S. Government securities or of bankers acceptances by the Reserve Banks supply reserve funds to member
banks and enable them to increase their reserves, or when they are in debt, to reduce their
borrowings. Conversely, Reserve Bank sales of
Government securities and acceptances absorb
member bank reserves. Such operations may
be accompanied by additional borrowing by
member banks from the Reserve Banks as
these banks seek to obtain, on a temporary
basis, reserve funds needed to cover required
reserves. An increase in the gold stock, in Special Drawing Rights (SDR's), or in Treasury
currency increases reserve funds, thereby enabling member banks to increase their reserves
or to repay borrowings, while decreases in
these items may result in increases in member
bank borrowings.
Increases in the items shown in the second
groupcurrency in circulation; Treasury cash;
Treasury, foreign, and other deposits with Reserve Banks; and other Federal Reserve accounts; and other Federal Reserve liabilities
and capitalreduce reserve funds and hence
may bring pressure on banks to liquidate assets
or to borrow, while decreases in these items
enable member banks to reduce their borrowings or to increase their reserves.
The accompanying table shows changes from
November to December 1970 in the various
items of the statement, arranged so as to show
the effect of each item upon member bank
reserves. This arrangement is useful in analyzing the effect of changes that occur over any
period of time.
Various tables in this section include statistics relating to member bank borrowings at
Federal Reserve Banks (included under "loans"
in the tables herein, but often referred to as
"discounts and advances"), Reserve System
open market operations (reflected in holdings of
U.S. Government securities and of acceptances),
and member bank reserves. Table 10.1 includes
figures for all of these items, while Table 10.2
gives figures for total, required, and excess
reserves, for borrowings at Reserve Banks, and
for free reserves of member banks, grouped

Member Bank Reserves and Related Items

according to their classification for reserve


purposes.

Changes in Factors Affecting Member Bank Reserves,


November-December 1970
Monthly averages of daily figures; in millions of dollars
Amount
of
change

Factor

Effect
on
reserves

Increase, or
decrease ( )
Factors supplying reserve funds
Reserve Bank credit:
U.S. Government securities:
Bought outright-System account. .
Held under repurchase agreement
Acceptances :
Bought outright
Held under repurchase agreement
Loans :
^^ember bank borrowings
Other
Federal Reserve float
Other Federal Reserve assets.
...

...

Total Reserve Bank credit


Gold stock
Special Drawing Rights certificate account. . . .
Treasury currency outstanding

1,306
-11

1,306
-11

12
20

12
20

-104

-104

637
-282

637
-282

1,576

1,576

-12

-12

415

' 45

...

1,609

1,609

Currency in circulation
Treasury cash holdings. . . .
...
...
Deposits with Federal Reserve Banks :
Treasury
Foreign
Other
Other Federal Reserve liabilities and capital.

1,149
-26

-1,149
26

-41
-5
14
9

41
5
-14
-9

1,100

-1,100

Net change in "supply" factors

. .,

Factors absorbing reserve funds

Net change in "absorption" factors, . .


Member bank reserves with F,R. Banks .
Currency and coin allowable as reserves.
Net change in total member bank reserves. . .
Required reserves
Excess reserves

509
198
707
555
152

SHIFTING IMPORTANCE OF FACTORS


The major factors affecting the volume of
member bank reserves over the long run are
Federal Reserve credit, the monetary gold
stock, and currency in circulation. During the
60 years of the Federal Reserve's existence, the
relative importance of these factors has undergone considerable change.
During the first two decades of the System's

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512

operations, borrowings of member banks at the


Reserve Banks were the most significant element in the statement, and changes in other
factors were usually reflected in changes in
member bank borrowings. In 1932, sources
of member bank reserve funds began to shift.
The change was reflected first in increased
System purchases of Government securities, and
later in the sharp increase in gold stock.
Soon after the outbreak of World War II,
however, the gold inflow ceased, and the U.S.
gold stock began to decline. At the same time
currency in circulation began to rise rapidly.
To counteract the drain on reserves caused by
these two factors and to help maintain a stable
credit market during the war period, the Federal Reserve System bought large quantities of
U.S. Government securities.
Federal Reserve authorities carried over into
the postwar period the policy of supporting
prices of Government securities at close to par,
thus maintaining a high degree of stability in
yields accompanied by continuing credit and
monetary ease. In this situation Federal Reserve credit was freely available at the call
of the market, and all holders of Government
securities were able readily to adjust their
operating positions through transactions in
Government securities. Because of their easy
reserve positions, member banks continued
during the early postwar period to have little
need for borrowing at the Reserve Banks.
There was growing recognition in this period
that Federal Reserve support of Government
securities prices at arbitrary levels was incompatible with effective Federal Reserve regulation of the volume of bank reserves. In March
1951 the Treasury and the Federal Reserve
agreed to discontinue the policy. The major
objective of the "accord" was to minimize the
creation of reserve funds at the initiative of
banks and other investors through sales of
Government securities that the Federal Reserve
had to purchase in order to maintain prices.
After a brief period of adjustment, Federal
Reserve operations were readapted to the flexible use of its general methods of influencing
bank reserve positions in accordance with seasonal, cyclical, and growth needs of the economy. Since then Federal Reserve credit has

Section 10
continued to be the major factor supplying
reserves to member banks, but such credit has
reflected discount operations as well as open
market operations. Growth in currency in circulation was a major factor absorbing reserves
throughout the period covered by the tables in
this section, and an outflow of gold, particularly after early 1958, also absorbed reserves.
In addition, the reserve position of banks has
been affected over the years by changes in
reserve requirements.
Since World War II Federal Reserve float
has become a more prominent factor affecting
member bank reserves. Although float is under
the technical control of the Federal Reserve
System, check-collection practices of member
banks and the cycle of business payments for

the most part determine its actual amount.


Float is an important factor mainly in the short
run; it often varies widely from week to week
but it changes much less over an extended
period, such as a year.
During the period from mid-1917 through
late 1959, all member bank reserves were
maintained on deposit at Federal Reserve
Banks. By the end of I960, member banks
were permitted to count all their currency and
coin as reserves. Thus, while most reserves are
still held at Federal Reserve Banks, some are
also kept as vault cash.7
7
The relation of currency in circulation and member bank holdings of currency as reserves is discussed
in more detail later in this section.

FACTORS SUPPLYING RESERVE FUNDS


combined.8 Issues may be purchased outright
or under a repurchase agreement.
During most of the 1920's and until 1945,
Federal Reserve Banks were authorized to buy
U.S. Government securities under repurchase
agreement, but they made only limited use of
the authority. In fact, they made no purchases
under it after 1935, and the authority was
rescinded effective March 1, 1945.
Late in 1947 the Reserve Banks were again
authorized by the FOMC to buy U.S. Government securities under repurchase agreement;
the first transactions occurred in June 1949.
Parts B, C, and D of Table 10.1 show a breakdown of Government security holdings into
those bought outright and those held under
repurchase agreement. Only nonbank dealers
in U.S. Government securities may enter into
repurchase agreements, and the selling dealer

RESERVE BANK CREDIT


The total volume of Reserve Bank credit
outstanding represents principally the loans and
investments of the Federal Reserve Banks. The
various types of Reserve Bank credit in use on
December 31, 1970, are shown in Table C,
page 523, and are discussed below. Additional
information and statistics on the various types
of Federal Reserve credit appear in the text
and tables of Section 9 of Banking and Monetary Statistics (1914-41).
U. S. Government securities. One of the
chief ways in which the Federal Reserve affects
member bank reserve positions is by buying
and selling Government securities in the open
market. Since 1936, purchases and sales have
been made by the manager of the System's
open market account under instruction of the
Federal Open Market Committee (FOMC) and
have been effected through the facilities of the
Federal Reserve Bank of New York. Each
Reserve Bank participates in the account
in accordance with the ratio of its total
assets to the total for all the Reserve Banks

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For operating convenience the Federal Reserve
Bank of New York in recent years has held all Government securities bought under repurchase agreement as well as all special short-term Treasury certificates of indebtedness.

513

Member Bank Reserves and Related Items


agrees to repurchase the securities in 15 days
or less. As with outright purchases, acquisitions
by Reserve Banks under these agreements result in increases in member bank reserves,
although the funds are put out on a temporary
basis. Such purchases lessen the needs of member banks to borrow, or they reduce the volume of outright purchases of securities that the
Federal Reserve Banks would need to make to
supply reserves.
Beginning in 1942, to encourage bank purchases of short-term Government securities,
the FOMC directed the Reserve Banks to buy
at a stated rate all Treasury bills offered and to
give the seller, if he so desired, an option to
repurchase at the same rate a like amount of
bills of the same maturity. The authority for
these transactions, known as repurchase options, was terminated in 1947.
Federal Reserve holdings of U.S. Government securities include Federal agency issues
(if any) held under repurchase agreement beginning in late 1966.
Federal Reserve Bank loans represent principally member bank borrowings to cover
temporary reserve deficiencies. Most of these
borrowings are advances backed by U.S. Government securities as collateral.
Some member banks also rediscount commercial paper for this purpose, but this practice, so prominent before 1933, has been used
rarely since then. Discounts and advances also
include loans on gold to foreign monetary
authorities, discounts for the Federal intermediate credit banks, and advances to individuals, partnerships, and corporations, including nonmember banks.
During the life of the industrial loan program, these loans appeared in various places
in the weekly statement: first, as a part of
"other Reserve Bank credit"; beginning in
November 1934, as a separate item of Reserve
Bank credit; and after early 1944, as a part
of "other loans, discounts, and advances." Industrial loans represented advances to provide
working capital to industrial and commercial
concerns in accordance with the provisions of
Section 13b of the Federal Reserve Act, enacted June 19, 1934. The amounts of these
loans outstanding were relatively small and are

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not shown separately in this section. The program was discontinued on August 21, 1959,
after Section 13b was repealed.
Acceptances, which are shown separately in
Part A of Table 10.1 but are included in "all
other Reserve Bank credit" in Parts B, C, and
D, represent bankers acceptances purchased by
the Federal Reserve Banks from dealers or
banks, either outright or under repurchase
agreement, and acceptances payable in foreign
currencies purchased from foreign central
banks and guaranteed by them. Until March
30, 1955, the Reserve Banks generally purchased all acceptances of satisfactory quality
offered, at the buying rate established by the
Banks (until June 19, 1952) or by the FOMC
(after June 19, 1952). The rate was so established in relation to market rates as to encourage or discourage offerings.
Since March 30, 1955, however, the Federal
Reserve Banks have purchased bankers acceptances at market rates of discount, as authorized
by the FOMC; and acquisitions under repurchase agreement have been on the same terms
and rates as established for similar contracts
involving U.S. Government securities.
Federal Reserve Bank float. Banks forwarding checks to a Reserve Bank for collection are given credit in their reserve accounts
according to a time schedule. Federal Reserve
float arises when the date of the actual collection and the date of the reserve credit differ.
Float is usually positive because the actual
collection often takes longer than the official
schedule. Before September 1, 1939, however,
it was sometimes negative because collections
were faster than the schedule in effect at that
time, which allowed 8 days for collection in
some instances.
The official collection schedule has been
reduced from time to time over the years as
transportation facilities have improved. On
September 1, 1939, the System adopted a
schedule having a maximum deferment of
three business days. This remained in effect
until January 12, 1951, when the maximum
deferment of reserve credit was reduced to two
business days. Although these changes in the
schedule tended to reduce float, there has been
a large increase in float over the years because

Section 10
sented by gold certificate reserves of the Federal Reserve Banks, but varying amounts of
monetized gold have been held unpledged by
the Treasury and are included in Treasury
cash. The Exchange Stabilization Fund of the
Secretary of the Treasury customarily holds
small amounts of gold not reported as part of
the monetary gold stock. Purchases of gold
from and sales to foreign banks and international institutions are usually effected through
this Fund. Gold is shifted between this Fund
and the Treasury gold stock. These shifts usually affect Reserve Banks' gold certificate credits. A discussion of other gold statistics appears
in Section 14 of Banking and Monetary Statistics (1914-41) and in Section 14 of this
publication.

of the large increase in the volume of checks


handled. During the 1960's the annual average
volume exceeded $1.6 billion, and in 1970 the
average reached $2.9 billion.
Float characteristically shows wide seasonal
and week-to-week variations, depending on the
volume of checks handled. From one week to
another the daily-average amount outstanding
may vary by as much as $600 million or more,
and within a year it may vary by as much as
$2 billion. Thus it has large temporary effects
on the availability of reserves.
All other Reserve Bank credit includes acceptances (if not shown separately) and funds
held on deposit in foreign banks and any other
security holdings, such as Federal intermediate
credit bank debentures and municipal warrants. In recent years amounts "due from"
foreign banks have been the only component
other than acceptances.
Other Federal Reserve assets are shown
separately beginning March 1969. (Before that
they had been netted against "other Federal
Reserve liabilities and capital.") Such assets
includein addition to bank premisesinterest accrued and at times substantial amounts
of convertible foreign currencies.

SPECIAL DRAWING RIGHTS


CERTIFICATE ACCOUNT

GOLD STOCK
Gold (except that held under earmark for
foreign account or for international institutions) has been one of the most important
factors supplying or absorbing reserves of member banks over extended periods of time. At
present the monetary gold stock represents only
gold held by the U.S. Treasury. Before January 30, 1934, it also included gold held by
the Federal Reserve Banks and gold coin in
circulation in the United States; the latter figure was estimated. On January 30, 1934, title
to all gold held by Federal Reserve Banks was
transferred to the U.S. Government. Since then
the Reserve Banks have held only gold certificates or gold certificate credits on the books of
the Treasury, against both of which the
Treasury holds gold.
Most of the gold stock liability is now repre-

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From time to time the International Monetary Fund (IMF) creates Special Drawing
Rights (SDR's) and allocates them to member
governments to serve as supplementary international monetary reserves. The U.S. Government first places these SDR's in the Exchange
Stabilization Fund. When the Treasury monetizes these SDR's, it issues certificates to the
Reserve Banks, which credit the certificates to
their SDR certificate account. The first such
certificates were issued in 1970.

TREASURY CURRENCY OUTSTANDING


Changes in Treasury currency outstanding
have the same effect on bank reserve positions
as changes in the gold stock. Treasury currency
represents the stock of money for which the
Treasury is primarily responsible. Through
1965 this item comprised standard silver dollars, silver bullion against the pledge of which
silver certificates and Treasury notes of 1890
are outstanding, subsidiary silver, minor coin,
United States notes, and those national bank
notes and Federal Reserve Bank notes for
the retirement of which funds have been

Member Bank Reserves and Related Items

deposited with the Treasurer of the United


States. After March 1, 1935, all Federal
Reserve Bank notes outstanding were in this
category.
National bank notes, formerly issued by
national banks upon pledge of Government
bonds, were liabilities of issuing banks until
lawful money was deposited with the Treasury
for their retirement. After August 1, 1935,
there were no bonds bearing the circulation
privilege, and liability for all national bank
notes rested with the Treasury. Both Federal

Reserve Bank notes and national bank notes


are being retired as they are returned to the
Treasury.
Beginning with 1966, Treasury currency has
comprised standard silver dollars, fractional
coin, and United States notes, and a category
called "In process of retirement." The amounts
of these components outstanding on December
31, 1970, are shown in Table D, page 523.
The figures in that table include amounts held
in the Treasury and by the Federal Reserve
Banks as well as in circulation.

FACTORS ABSORBING RESERVE FUNDS


CURRENCY IN CIRCULATION
Currency in circulation includes all U.S.
money outside of the Federal Reserve Banks
and the Treasury, with two exceptions: (1)
Gold coin and silver coin known to have been
exported were always excluded. And (2) beginning with January 31, 1934, all gold coin
outstanding was excluded.9 To state it another
way, figures for currency in circulation include
currency held by the public, vault cash held by
banks, and any unreported U.S. money carried
or shipped abroad. The components of currency in circulation at the end of 1970 are
shown in the last column of Table B, page 522.
Changes in currency in circulation reflect the
demands of the public for pocket and till
money, principally for current payments. As
indicated earlier, currency in circulation grew
at a rapid rate during World War II. After that
it continued to expand at a moderate rate until
the mid-1960's, when the rate of growth again
picked up sharply. This growth has absorbed a
substantial amount of bank reserves over the
long term. In addition, currency in circulation
shows wide seasonal swings, and these have
9
No correction was made in the currency in circulation figures for the discontinuance of circulating
gold certificates; the reasons for eliminating figures
for gold coin are not applicable to gold certificates.

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an important influence on short-term changes


in member bank reserves and borrowings.
As indicated above, the figures for currency
in circulation as reported on the Treasury
statement include currency held by banks as
well as that held by the nonbank public. Begining with November 24, 1960, member
banks were permitted to count as reserves all
their holdings of currency and coin. Since that
date, therefore, changes in currency in circulation that reflect changes in member bank vault
cash do not, strictly speaking, affect the total
reserves of member banks. In analyzing the
factors that supply or absorb member bank reserve funds, it would be reasonable to use a
currency figure that is net of member bank
vault cash counted as reserves, and to use total
reserves, including vault cash, in the condition
statement instead of only member bank balances at the Reserve Banks.10 For consistency
with the past, however, as well as because the
data for vault cash are not available promptly,
it is more convenient to continue to use total
currency as a factor affecting member bank
balances at Federal Reserve Banks, supplemented by figures for vault cash counted as
reserves.
10
Effective with the week ending Sept. 18, 1968,
vault cash eligible as reserves reflects the amount of
such cash held 2 weeks earlier.

Section 10
TREASURY CASH HOLDINGS
AND TREASURY DEPOSITS WITH
FEDERAL RESERVE BANKS
Treasury cash holdings (except for the gold
reserve against U.S. notes) and Treasury deposits with Reserve Banks represent funds that
the Treasury has at its disposal without drawing on its balances with depositary banks.
When the Treasury builds up its cash or its
deposit balances with the Reserve Banks, the
effect is to reduce bank reserves; when the
Treasury spends these funds, member bank
reserve balances increase.
Cash. Treasury cash holdings include gold,
standard silver dollars, fractional coin, and
Treasury holdings of United States notes and
Federal Reserve notes, except (1) gold held
against gold certificates and gold certificate
credits, (2) silver held against silver certificates and Treasury notes of 1890, and (3)
before January 30, 1934, gold held by Federal
Reserve Banks. The various components are
summarized in Table E, page 523.n
Treasury cash was increased by $2,8 billion
after the close of business on January 31,
1934, as a result of the reduction in the gold
content of the dollar. Because the value of the
gold stock was increased correspondingly, this
transaction in and of itself had no effect on
member bank reserves.12 Two billion dollars
of the increment was set aside in a stabilization
fund, of which $1.8 billion was inactive.
From December 24, 1936, until early in
1938 the Treasury followed the policy of not
issuing gold certificates against acquisitions of
gold. This inactive gold was counted as part
of Treasury cash, which increased as the gold
stock increased, with the result that acquisitions
of gold had no effect on bank reserves.
11
Nomenclature in the Treasury's statements on
currency outstanding and cash holdings has varied
over the years.
12
The increment arising from U.S. gold coin turned
in by the public after Jan. 31, 1934, has been added
both to Treasury cash and to gold stock at the time
of receipt. The increment from this source to the end
of 1960 totaled $13.5 million and of that total $8.8
million had not been assigned for any specific purpose
(later data not readily available).

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In the course of time, however, the inactive


part of the gold has been used. Some of it has
been used as a basis for gold certificate credits
issued to the Federal Reserve Banks and thus
has affected the supply of bank reserves. The
Treasury has also used some of it for other
purposes such as for retirement of national
bank notes.13 The inactive portion of the Exchange Stabilization Fund was used for payment of the U.S. subscription to the International Monetary Fund. Such uses have the
effect of adding to bank reserves, but some of
these effects have been offset by other factors.
Deposits. Treasury deposits with Federal
Reserve Banks represent the general account
of the U.S. Treasurer with the Reserve Banks.
(The account maintained by the Treasury at
the Federal Reserve Banks for the Exchange
Stabilization Fund is included in "other" deposits with Reserve Banks). The Treasury
makes payment for Government purchases of
goods and services out of this account. Most
other Treasury balances are kept in accounts
at commercial banks, which are maintained for
receiving taxes and the proceeds from sales of
securities. The Treasury transfers funds from
these accounts at banks to its Federal Reserve
accounts in accordance with its schedule of
payments.
Treasury deposits at the Federal Reserve
may fluctuate widely over short periods, but
over the longer run their movements are rather
restricted and they do not exert a long-continued influence on bank reserves in either
direction. Since July 28, 1955, the Treasury
has followed a practice of making special calls
on, or redeposits in, certain large bank depositaries without advance notice to reduce to a
minimum the fluctuations in its deposit balances at the Reserve Banks.
13
About $640 million of the increment on gold was
set aside in 1935 to retire national bank notes outstanding, after bonds that could be used as collateral
for such notes by national banks had been redeemed
and national banks had deposited with the Treasury
the funds to retire all notes outstanding. Those operations permitted retirement of notes and bonds without reduction in member bank reserves or in the
Treasury's working balance.

Member Bank Reserves and Related Items

The gold stock, Treasury currency outstanding, currency in circulation, and Treasury cash
holdings and Treasury deposits are so interrelated that important changes often take place
among these items without affecting member
bank reserves in any way. For example, the
Treasury may hold in Treasury cash gold or
silver representing unused monetized bullion
"balances"; or it may issue certificates against
these balances and deposit the certificates with
the Reserve Banks, thus decreasing Treasury
cash and increasing Treasury deposits at the
Reserve Banks. Member bank reserves are not
affected until the Treasury draws upon these
deposits.
Or there may be shifts between the Treasury
accounts and the Exchange Stabilization Fund,
with no effect on reserves. Issuance of gold
and silver certificates eventually causes bank
reserves to increase while retirement of such
certificates causes reserves to decrease, but at
various stages in the process reserves may not
be affected. Reserves have been affected when
silver certificates moved into circulation or
when they were returned to Federal Reserve
Banks for credit.

than member bank reserves, the general account of the U.S. Treasurer, and deposits of
foreign entities. Increases in the aggregate of
this grouping reduce member bank reserves
unless offset by special circumstances involving
transactions of the Treasury or of foreign entities. Other deposits include the Exchange Stabilization Fund's working cash balance, deposits of the IMF and other international organizations, nonmember bank clearing accounts,
reserve deposits required under Regulation K
of corporations licensed to do foreign banking
or financing, deposits of various U.S. Government agencies, and occasionally collected funds
on Reserve Bank books not yet distributed to
other Reserve Banks.
OTHER FEDERAL RESERVE ACCOUNTS

FOREIGN DEPOSITS WITH FEDERAL


RESERVE BANKS
At the close of 1970 foreign deposits with the
Reserve Banks represented the accounts of 112
foreign central banks and governments, including the Bank for International Settlements. Increases in these balances generally cause a decline in member bank reserves. Averages of
daily figures for foreign deposits are not readily
available before 1951; for statistical purposes
these deposits were included in "nonmember
deposits" in Banking and Monetary Statistics
(1914-41).
OTHER DEPOSITS WITH FEDERAL
RESERVE BANKS
As its name implies, the category "other deposits with Federal Reserve Banks" represents
all deposits with Federal Reserve Banks other

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Figures for "other Federal Reserve accounts,"


shown for the period through February 1969,
were derived from the condition statement of
the Federal Reserve Banks by adding (1) "capital paid in," "surplus," "other capital accounts," and "other liabilities" of the Reserve
Banks, and subtracting (2) the sum of "bank
premises" and "other assets." Increases in the
net of these, unless offset by other changes,
reduced member bank reserves. Beginning with
March 1969, figures for items (1) and (2)
above were no longer netted, but are shown
separatelythe latter in combination with capital accounts. The computation of figures for
"other Federal Reserve liabilities and capital
accounts" is shown in Table F, page 523.
MEMBER BANK RESERVES
The last item in the consolidated statement is
member bank reserves. Between mid-1917 and
December 1959 member banks had to satisfy
legal reserve requirements entirely in balances
held at Reserve Banks. Until June 21, 1917,
however, member banks were allowed also to
count a part of their cash in vault and a part
of their deposits with other banks as legal
reserves. Beginning December 1, 1959, banks
were again authorized to count part of their
cash in vault as legal reserves, and after

Section 10
November 23, 1960, this privilege was extended to include all vault cash.
Permission to count holdings of currency
and coin in meeting reserve requirements has
made it possible for member banks to maintain
somewhat smaller reserve balances with Federal Reserve Banks. In considering whether
member bank reserves are adequate in relation to credit policy, the Federal Reserve must
now take into account the total of the two
forms of reserves. For purposes of the consolidated statement of factors affecting reserves,
the reserve item in the balance sheet is limited
to member bank balances with the Reserve
Banks, which reflects changes in total currency
in circulation. But the figures for vault cash
held by member banks show up indirectlyas
a part of the currency in circulation figures
(see page 516). Figures for the vault cash portion of reserves are obtained from member
bank balance sheets with a 2-week lag; therefore vault cash figures allowed as reserves for
a particular week were a part of the currency
factor affecting member bank reserve balances
at Reserve Banks 2 weeks earlier.
Changes in reserve requirements of member
banks, which are discussed below, are one of
the three major instruments available to the
Federal Reserve for carrying out Federal Reserve policy. While changes in these requirements do not alter the total of member bank
reserves, they do change the amount of deposits that member banks can legally maintain
on a given amount of reserves, and hence the
amount of loans and investments that a member bank may make on that volume of reserves.
Because of the administrative and technical
problems involved, however, this instrument is
used only when large-scale changes in required
reserves are desired.
While required reserves are indicative of the
loans and investments already made by member banks and of the deposits thus created, it
is the amount of the excess reserves that these
banks hold that indicates how much they can
expand their loans and investments without
borrowing from the Federal Reserve Banks.
The possible expansion in loans and investments for the banking system as a whole is
several times the amount of excess reserves.

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When a bank increases its loans and investments, deposits increase by a similar amount,
unless there are offsetting influencessuch as
the public's holding a part of the loan funds in
currencyand the additional deposits cause an
increase in required reserves by a fractional
amount of the deposit increase. Then excess
reserves decline by a corresponding amount.
This process may continue until the increase in
required reserves absorbs all the excess reserves.
Before 1931, member banks seldom held
excess reserves, and their aggregate reserve
balances corresponded closely to required reserves. When they lost reserves, or when required reserves increased because of a growth
in deposits resulting from bank credit expansion, member banks usually borrowed from
Federal Reserve Banks. During the middle
and late 1930's and the early part of World
War II, however, member banks were largely
out of debt and they had plenty of excess
reserves. During and after World War II the
greater part of these excess reserves were absorbed into required reserves as credit expanded, demand for currency increased, and
reserve requirements were raised as permitted
by law. In recent years excess reserves again
have constituted a relatively small proportion
of total reserves.
Required reserves. Amendments to the
Federal Reserve Act that became effective
June 21, 1917, stipulated the reserve percentages for each reserve classification of member banks, and until 1933 the Federal Reserve
had no authority to change these requirements.
Legislation enacted in 1933 authorized the
Board of Governors of the Federal Reserve
System to change member bank reserve requirements when an emergency existed, and
provisions of the Banking Act of 1935 authorized changes in requirements to prevent injurious credit expansion or contraction. No
further changes in the laws affecting reserve
requirements were made until 1959.
Pursuant to the amendments to the Federal
Reserve Act passed in 1959, New York and
Chicago were reclassified as reserve ' cities
effective July 28, 1962. As of the same date
the authority of the Board of Governors to
classify or reclassify cities as central reserve

Member Bank Reserves and Related Items

cities was terminated.11 The same amendments


set a range of 10-22 per cent for reserve requirements against demand deposits of both
reserve city and central reserve city banks, but
it continued the 7-14 per cent range for country banks and the 3-6 per cent range on time
deposits for all classes of banks.
The accompanying table shows for the reserve classifications of member banks the minimum and maximum levels of reserve requirements as permitted by law and the period
when each was in effect. In the period since
1935, the Board of Governors has changed
reserve requirements a number of times, as
Table 10.4 shows.
Under Board regulation, reserves held must
average enough over certain designated periods
to cover the average requirements. Both the
length of the period and the terminal dates
have been changed several times over the years.

At first each Reserve Bank fixed the reserve


computation periods for its own member banks,
but since 1919 more uniform arrangements
have been in effect. For banks in central reserve and reserve cities, required reserves have
been computed on a weekly basis since October 1, 1919, except for the period January 1,
1928-February 28, 1942, when a semiweekly
basis was used for member banks located in
Federal Reserve Bank and branch cities and in
such other reserve cities as the Board designated.
For country banks, required reserves were
computed on a semimonthly basis during the
period October 1, 1919-December 15, 1959,
except that in two Federal Reserve districts
they were computed on a weekly basis until
1923. For the period December 31, 1959September 11, L968, required reserves for
country banks were computed every 2 weeks;15
beginning September 12, 1968, country banks
were required to compute their requirements
each week.
The weekly computation period for central
reserve and reserve city banks ended on Fridays for the period February 28, 1942-June
21, 1946, on Thursdays, June 22, 1946-February 23, 1949, and on Wednesdays, beginning
with February 24, 1949. The computation
period for country banks ended on the 15th
and the last day of the month through December 15, 1959; beginning with the period ending January 13, 1960, the computation period
has ended on Wednesdays.
Monthly averages for required reserves for
1929-70 are shown in Table 10.2, page 590,
for member banks grouped according to their
classification for reserve purposes. Because
daily figures were not reported by all classes
of banks and because of differences in length
of reporting periods and in their terminal
dates, already mentioned, the monthly averages are only approximate through 1941. Beginning with September 1931, daily requirements were estimated on the basis of daily

14
Table 10.5 lists changes in the reserve classification of cities through 1970; the table also indicates
(in a footnote) that there were no further changes
until Nov. 25, 1972, when a new criterion for designating reserve cities was established.

15
The reserve computation period Dec. 16-30, 1959,
which began and ended on a Wednesday, was a
transitional one. The shift to reporting every 2 weeks
began on Thursday, December 31, the last day of
what had been a semimonthly reporting period.

Reserve Requirement Limits


Per cent of deposits
Net demand deposits
Period

Central
reserve Reserve
city
city

Time
deposits
(all
reserve
Country classifications)

June 21, 1917-Aug. 22, 1935:


Minimum .

13

10

Aug. 23, 1935-July29, 1959:


Minimum
Maximum
. ..

13
26

10
20

7
14

3
6

10
122

10
22

7
14

3
6

July 30, 1959- July 28, 1962:


Minimum
Maximum

July 29, 1962-Sept. 20, 1966:


Minimum
..
Maximum

10
22

7
14

3
6

Sept. 21, 1966-Dec. 31, 1970:


Minimum
Maximum
..

10
22

7
14

3
MO

1
Separate classification of central reserve city banks ceased effective
July 28, 1962.
2
The 10 per cent maximum was established by Congress on a
temporary basis in 1966 with a 1-year renewal on Sept. 21, 1967, and
then made a permanent provision on Sept. 21, 1968.

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Section 10
reports of deposits from central reserve city
member banks in New York City, of weekly
reports from certain banks in other leading
cities, and of either semimonthly reports or
reports covering a 2-week period from other
member banks. Beginning November 1937,
central reserve city banks in Chicago also
reported their estimated deposits daily, and in
recent years daily estimates of deposits have
been reported by all reserve city banks. However, required reserves now are computed on
the basis of weekly averages of daily figures.
By early 1942 uniform reporting periods
had been established for each class of member
bank, and since then the averages for required
reserves have been computed from the figures
that these banks reportwhether weekly, every
2 weeks, or semimonthlyto the Reserve
Banks. Beginning with December 31, 1959,
country banks have reported their deposits
weekly, although each reserve computation for
these banks covered a 2-week period through
the period ending September 11, 1968. Deposit reports for reserve city and country
banks are generally available with a lag of 1
week.
Table 10.3 shows, for each class of member
bank, monthly averages of net demand and

time deposits subject to reserve requirements


for the period 1929-70. Changes in the composition of these items are described in the
text of Section 2 of this publication.
Excess reserves. Excess reserves for the
period before December 1959 are the difference between reserve balances of member
banks with Federal Reserve Banks and their
required reserves. Since then excess reserves
represent the difference between required reserves and the sum of reserve balances with
Reserve Banks and the amount of vault cash
allowed as reserves. Before 1929, figures for
excess reserves are available only for member
bank call report dates. Approximate monthly
averages of daily figures are available for the
period January 1929-August 1931. Since then
daily estimates have been computed for use
until final figures became available.
Free reserves. Free reserves are the difference between the excess reserves of member
banks and member bank borrowings at Federal Reserve Banks. The term "net free reserves" is used to refer to a situation in which
excess reserves are larger than borrowings,
while the term "net borrowed reserves" is
used to refer to a situation in which borrowings are larger than excess reserves.

ILLUSTRATION OF DERIVATION OF STATEMENT


The table on page 511 shows how the consolidated statement for December 31, 1970, is
derived from the two statements(a) "Statement of Condition of All Federal Reserve
Banks" and (b) "Kinds of United States Currency Outstanding and in Circulation." It will
be noted that certain items appearing in the
two statements are not included in the analy-

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sis; these items are offsetting accounts and are


not of direct significance in relation to reserves.
Daily figures are available for the principal
assets and liabilities of Federal Reserve Banks.
For other items in the analysis, approximate
daily figures are estimated, except for the last
day of the month, for which the circulation
statement of U.S. money is available.

Member Bank Reserves and Related Items


Basic Statements, December 31,1970
In millions of dollars. The letters beside the various items indicate the tables to which they are transferred.
all of which are in Tables A and B.
Table A.

Statement of Condition of All Federal Reserve Banks

Assets
Gold certificates on hand and due from U.S. Treasury
Special Drawing Rights certificate account
Federal Reserve notes of other Federal Reserve
Banks >
Other cash
,

10,457 (1)
400 (G)

Loans
Acceptances
U.S. Government securities.

335 (C)
57 (C)
62,142 (C)

Cash items in process of collection:


Reserve Bank float
All other

24,261 (C)
10,098 (4)

Liabilities
Federal Reserve notes:
Outstanding (issued to Federal Reserve Banks)....
Less: Held by issuing Federal Reserve Banks, and
forwarded for redemption
Federal Reserve notes, net 3 . .
Member bank reserves
U.S. Treasurergeneral account
Foreign deposits
Other deposits
Deferred availability cash items.
Other liabilities

1,065
221 (3)

Bank premises.
Other assets...,
Total assets.

53,745 (5)
2,358
51,386
224,150
1,156
148
1,233
10,098
581

(5)
(5)
(G)
(G)
(G)
(G)
(4)
(F)

Capital Accounts

702 (F)
702 (F)

Capital paid in
Surplus
Other capital accounts

128 (C)
993 (C)

Total liabilities and capital accounts.

290,157

See note 3.
Data reflect the incorporation of small revisions made subsequent
to the originally published statement for Dec. 31, 1970.
3
Includes notes held by U.S. Treasury and by Federal Reserve
Banks other than issuing Bank.
2

Table B.

The numbers indicate offsetting items,

290,157

4 During the year this item includes the net of earnings, expenses,
profit and loss items, and accrued dividends, which are closed out
on December 31.

Kinds of United States Currency Outstanding and in Circulation

Held in the Treasury


Total outstanding,
Dec. 31,
1970

Kind of currency

Gold
Gold certificates
Federal Reserve notes
Treasury currencyTotal
Standard silver dollars
Fractional coin
United States notes
In process of retirement 4
Total Dec 31 1970

10,732 (G)
(10,457)
53,745 (5)
7,149
..

485
6,043
323
298
a 71 ,626

As security
against
gold and
silver
certificates
(10,457)

(D)
(D)
(D)
(D)
(10,457)

522

Held by
F.R.
Banks
and
Agents

Currency in
circulation,
Dec. 31,
1970 '

2 275 (E)
a 10,456(1)

1
Outside Treasury and F.R. Banks. Includes any paper currency
held outside the United States and currency and coin held by banks.
2
Includes $179 million of gold deposited by and held for the International Monetary Fund.
3
Consists of credits payable in gold certificates, the Gold Certificate
FundBoard of Governors, FRS.

Digitized for FRASER


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

Treasury
cash

For
F.R.
Banks
and
Agents

117(E)
40

1 (D
3,423(5)
221 (3)

3(E)
23 (E)
13 (E)

220 (3)

431

10,456

3,645

50,204
6,889

482
5,800
309
298
57,093 (G)

* Redeemable from the general fund of the Treasury.


5
Does not include all items shown, as gold certificates are secured
by gold. Duplications are shown in parentheses.
NOTE.Based on Treasury Statement of United States Currency
and Coin and on other data furnished by the Treasury.

Section 10
Derived Items and Consolidated Statement, December 31,1970
In millions of dollars. The letters beside the various items indicate the tables to which they are transferred.
Table G.

Table C. Reserve Bank Credit Outstanding


Loans
Acceptances
U.S. Government securities.
Reserve Bank float
Other Reserve Bank assets. .
Total...

335
57
62,142
4,261
1,121

Factors supplying reserve funds:


Reserve Bank credit outstanding
Gold stock
Special Drawing Rights certificate account.
Treasury currency outstanding

(B)
(B)
(B)
(B)

Factors absorbing reserve funds:


Currency in circulation 1
Treasury cash holdings
Deposits with Federal Reserve Banks:
Treasury
Foreign
Other
Other Federal Reserve liabilities and capital accounts

Total.

67,918

Table D. Treasury Currency Outstanding


Standard silver dollars...
Fractional coin
United States notes
In process of retirement.

485
6,043
323
298

Subtotal

7,149

Total.

Supply and Use of Member Bank Reserve Funds

(A)
(A)
(A)
(A)
(A)

Member bank reserves (with Federal Reserve Banks) 2


Total

Table E. Treasury Cash Holdings


Gold
Standard silver dollars.
Fractional coin
United States notes. . . ,
Federal Reserve notes. ,

1275
3
23
13
117

1
2

1
Includes $179 million of gold deposited by and held for the International Monetary Fund.

Table F.

Other Federal Reserve Liabilities and Capital Accounts

Capital paid in
Surplus
Other capital accounts
Other liabilities and accrued dividends..
Total.

702 (A)
702 (A)
0)
581 (A)

1,986

1
During the year, this item includes the net of earnings, expenses,
profits and loss items, and accrued dividends, which are closed out
on December 31.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

(C)
(B)
(A)
(D)

86,199
57,093 (B)
431 (E)

1,156
148
1,233
1,986

(A)
(A)
(A)
(F)

62,047
24,150 (A)
86,199

See note 2.
In addition to reserves at Federal Reserve Banks, vault cash is
counted as reserves on a lagged (2-week) basis. For example, for
the week that included Dec. 31, 1970, the average amount of vault
cash included in currency in circulation that was allowed as reserves
was the amount for 2 weeks earlier (average for the week ending
Dec. 23).

(B)
(B)
(B)
(B)
(B)

431

Total.

67,918
10,732
400
7,149

523

MEMBER BANK RESERVES AND RELATED ITEMS

10.1 MEMBER BANK RESERVES, RESERVE


A. ANNUAL AVERAGES
[In millions
Reserve bank credit outstanding

U.S.
Government
securities 1

Discounts
and
advances

Acceptances!

Float -

100
134
254

376
1,134
1,906

188
287
324

166
139

324
254
455
186
402

2,523
1,797
571
736
373

385
91
159
227
172

157
45
40
56
47

359
350
417
297
208

490
572
442
840
952

287
281
263
328
241

56
51
42
37
44

564
669
1,461
2,052
2,432

272
327
521
283
36

213
245
71
83
25

2,431
2,431
2,504
2,565
2,584

7
6
14
9
5

5
4
3
1

2,417
2,187
3,191
7,724
14,772

4
5
7
25
135

21,363
23,250
22,330
21,511
19,560

376
310
219
331
231

18,410
22,756
23,066
24,661
24,646

129
293
801
777
217

1958
1959

23,891
23,709
23,345
24,654
26,194

666
833
850
295
812

I960
1961
1962
1963
1964

26,373
27,397
29,529
31,771
34,624

Year

1917 ^
1918
1919.. . .
1920.. . .
1921
1922.
1923
1924

1925
1926
1927
1928.. .
1929

. . .
. .

. . . .

1930
1931
1932....
1933
1934,.
1935.. .
1936
1937
1938
1939

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949

. .

1950
1951
1952
1953
1954
1955

1956
1957

:.:...:../.

' '

1965
1966

1967
1968

1969...

:.:...:/:
.

1970

Other
F.R.
assets

Gold
stock

2,871
2,871
2,842

1,911
,867
,716

3,390
2,198
1,226
1,205
996

2,582
3,004
3,515
3,774
4,152

,695
,758
,871
,991
2,017

3
4
11
3
15

1,195
1,258
1,175
1,505
1,459

4,094
4,165
4,277
3,919
3,996

2,000
1,985
2,000
2,008
2,015

29
17
10
4
4

9
!6
14
7
5

1,087
1,274
2,077
2,429
2,502

4,173
4,417
3,952
4,059
7,512

2,025
2,025
2,096
2,271
2,381

5
11
11
9
26

27
30
22
17
13

2,475
2,481
2,554
2,600
2,628

9,059
10,578
12,162
13,250
16,085

2,478
2,503
2,567
2,711
2,879

57
93
198
421
441

9
9
12
13
10

2,487
2,293
3,408
8,182
15,358

19,865
22,546
22,729
22,371
21,204

3,018
3,156
3,324
4,025
4,105

468
459
439
439
369

3
1
2
2

22,211
24,029
22,989
22,283
20,161

20,255
20,283
21,383
23,516
24,432

4,186
4,510
4,555
4,566
4,592

520
1,016
930
820
737

2
5
5
3
1

19,062
24,070
24,801
26,262
25,602

23,903
22,027
23,253
22,422
21,885

4,608
4,659
4,756
4,850
4,949

13
23
27
40
35

902
1,138
1,152
993
1,051

1
1
1

25,472
25,702
25,373
25,982
28,089

21,690
21,810
22,494
21,563
19,949

5,000
5,033
5,106
5,199
5,273

436
83
137
269
295

39
42
42
53
76

1,160
1,317
1,591
1,744
1,885

28,008
28,839
31,299
33,837
36,879

19,010
17,384
16,359
15,734
15,460

5,357
5,482
5,580
5,581
5,551

38,671
41,863
11 46,148
51,303
54,044

492
650
178
569
1,103

78
117
105
73
68

1,831
2,090
1,636
1,913
2,571

41,071
44,720
48,067
53,858
'2^652' 59,838

14,260
13,458
13,020
10,707
10,367

5,443
5,933
6,609
6,771
6,777

58,195

835

65

2,931

63,623

11,279

1 14

Total

Treasury
currency
outstanding

778
1,723
2,625

2
1
1
1

1,597

362

6,989

separately), balances with foreign central banks, municipal warrants,


Federal intermediate credit bank debentures, and industrial loans; also
Government overdrafts in 1917-20. Industrial loan program operative
June
19, 1934-Aug. 21, 1959.
4
Separate averages for "foreign" and "other" deposits not readily
available before 1951.
s Vault cash of member banks allowable as reserves: None, June 21,
1917-Nov. 30, 1959; part, Dec. 1, 1959-Nov. 23, 1960; all, beginning
Nov. 24, 1960.

Notes to Table 10.1; not all notes apply to all parts of this table. .
1

Includes repurchase agreements, when held; those involving U.S.


Government securities shown separately in Parts B C and D of
this table.
- Minor change in concept beginning with 1960, stemming from
elimination of collected funds due from open Reserve Banks to other
Reserve Banks observing nonnational holidays.
3
Represents acceptance (except in Part A where they are shown

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AH
other 3

Special
drawing
rights
certif.
acct.

524

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT AND RELATED ITEMS


OF OAILY FIGURES, 1917-70
oi: dollars)

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank reserve balances,


with F. R. Banks
Treasury

FI; <Dther

eign 4

*, <

Other
Federal
Reserve
accounts

Other
F. R.
liabilities
and
capital

Member bank reserves

With
F. R.
Banks

Currency
and
coin 3

Year
Required 6

Excess"

1917
1918
1919

3,865
4,371
4,729

202
280
365

112
111
99

42
108
U5

67
95
155

1,272
1,497
1,719

5,191
4,663
4,248
4,535
4,592

257
218
224
218
218

36
45
44
37
42

67
28
30
27
27

280
336
286
280
263

1,835
1,671
1,781
1,873
2,023

4,582
4,645
4,605
4,496
4,476

213
210
205
204
207

31
32
21
21
22

31
28
31
29
30

264
284
300
327
376

2,167
2,209
2,290
2,355
2,358

2,315

43

1925
1926
1927
1928
1929

4,245
4,672
5,328
5,576
5,403

211
219
236
288
2,798

28
32
39
55
81

28
97
56
147
185

393
373
351
350
253

2,379
2,323
2,114
82,343
83,676

2,324
2,234
1,858
1,788
2,104

55
89
256
*528
1,564

1930
1931
1932
1933
1934

5,585
6,101
6,475
6,510
7,058

2,791
2,474
3,226
2,804
2,517

128
446
158
653
790

252
282
335
398
625

255
269
260
260
252

5,001
5,989
6,830
7,935
10,352

2,532
3,477
5,610
5,413
5,960

2,469
2,512
1,220
2,522
4,392

19^5
1936
1937
1938
1939

7,879
9,594
12,687
17,617
22,557

2,271
2,253
2,203
2,256
2,341

525
664
295
340
392

185
794
339
425
789

261
288
289
314
367

13,249
13,404
12,648
12,626
13,222

6,923
8,080
9,980
11,116
12,176

6,326
5,324
2,668
1,510
1,046

1940
1941
1942
1943
1944

26,855
28,292
28,421
28,064
27,519

2,309
2,269
,479
,323
,313

490
601
940
1,436
767

1, 492
129
997
968
1, 137

450
562
630
574
674

15,055
15,969
16,461
18,001
17,774

13,934
14,993
15,608
17,164
16,952

1,121
976
853
837
822

1945
1946
1947
1948
1949

27,175
27 , 824
29,065
30,137
30 , 030

,304
,288
,279
,206
807

590
496
422
458
508

1, 353
796
632
528
499

313
276
355
406

751
746
779
855
910

16,400
19,293
20,356
19,996
19,276

15,617
18,536
19,642
19,319
18,501

783
757
714
677
775

1950
1951
1952
1953
1954

30,252
30,689
31,006
31,181
31,799

805
779
786
712
549

484
492
450
468
496

410
341
349
286
297

417
306
274
342
363

952
972
1,087
1,110
1,196

18,843
18,965
19,021
18,647
18,611

26

18,257
18,403
1 8 , 504
18,057
18,190

586
562
517
590
447

1955
1956
1957
1958
1959

32,059
32,510
33,778
35,511
37,718

415
415
415
411
452

507
480
495
872
886

219
232
225
177
146

372
309
309
215
196

938
1,032
923
1,097
1,092

17,865
16,725
17,095
16,869
17,399

665
2,541
2,784
3,022
3,275

17,980
18,665
19,359
19,445
20,278

550
601
520
446
396

I960
1961
1962
1963
1964

39,901
42,524
44,774
47,730
50,891

763
1,014
1,396
988
692

888
712
836
876
794

167
J52
135
164
138

204
374
458
473
470

702
385
279
-489

18,149
18,950
19,817
21,594
'U299' 22,698

3,575
3,895
4,174
4,458
4,687

21,345
22,487
23,624
25,696
27,152

379
358
367
356
233

1965
1966
1967
1968
1969

54,186

512

1,096

169

765

2,212

4,999

28,126

187

1970

23,314

6
7

Averages not available until 1929; for discussion see text.


Based on data for August-December. Figures not available for all
i terns on a comparable basis before August 1917. Data for selected dates
for earlier period shown in Banking and Monetary Statistics, Tables
102 and 104, pp. 373 and 395, respectively.
8
Includes average balances of unlicensed banks as follows: $27
million in 1933 and $8 million in 1934. Required and excess reservesfor
March 1933 were estimated; from then through April 1934 they

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1920
1921
1922
1923
1924

covered licensed banks only (no computations made for unlicensed


banks). After April 1934, no distinction was made between reports
from licensed and unlicensed banks.
9 Wednesday figures estimated through 1959; daily figures not
reported
until 1960.
I
o Tuesday.
II
Includes obligations of Federal agencies beginning December
1966.

525

MEMBER BANK RESERVES AND RELATED ITEMS

10.1 MEMBER BANK RESERVES, RESERVE


B. MONTHLY AVERAGES OF
[In millions
Reserve Bank credit outstanding

Month

U.S. Government securities


Total

Bought
outright

Repurchase
agreements

Discounts
and
advances

Float

All
others

Total

Gold
stock

Treasury
currency
outstanding

1941_Jan
Feb
Mar.
Apr
May
June
July
Auc
Sept.
Oct
Nov
Dec.

2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,219

2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,184
2,219

3
2
2
2
2
2
3
8
12
8
6
5

77
59
68
78
67
85
101
82
92
120
111
170

8
8
8
7
8
9
10
10
9
10
10
10

2,272
2,254
2,262
2,272
2,262
2,280
2,298
2,284
2,297
2,322
2,311
2,404

22,063
22,143
22,319
22,441
22 , 547
22,602
22,651
22,700
22,740
22,779
22,786
22,759

3,092
3,100
3,105
3,115
3,129
3,141
3,156
3,173
3,188
3,208
3,225
3,239

1942 Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct. . .
Nov
Dec. . . .

2,251
2,249
2,252
2,275
2,457
2,580
2,984
3,370
3,488
4,013
4,746
5,549

2,251
2,249
2,252
2,275
2,457
2,580
2,984
3,370
3,488
4,013
4,746
5,549

4
4
6
7
7
5
4
5
11
9
9
9

138
127
126
141
140
165
169
172
209
253
271
463

9
9
9
10
10
11
11
14
15
15
15
15

2,402
2,389
2,393
2,432
2,614
2,761
3,168
3,561
3,722
4,290
5,041
6,035

22,741
22 , 729
22,696
22,679
22,706
22,725
22,742
22,745
22,750
22,752
22,741
22,740

3,252
3,263
3,272
3,281
3,296
3,310
3,319
3,332
3,346
3,361
3,374
3,472

1943Jan
Feb
Mar
Apr
May .
June
July
Aug
Sept.
Dec

5,953
5,753
6,105
6,372
6,276
6,631
7,675
8,440
9,214
9,072
9,886
11,166

5,953
5,753
6,105
6,372
6,276
6,631
7,675
8,440
9,214
9,072
9,886
11,166

8
11
10
14
18
14
13
27
41
15
35
90

347
317
359
360
374
412
496
401
466
452
406
648

13
14
13
13
13
13
13
12
12
12
12
11

6,321
6,094
6,487
6,758
6,681
7,070
8,197
8,880
9,732
9,551
10,339
11,914

22,706
22,648
22,618
22,511
22,451
22,406
22,360
22,305
22,209
22,145
22,091
22,018

3,724
3,897
3,975
4,002
4,041
4,078
4,086
4,093
4,093
4,100
4,102
4,098

1944-^Jan
Feb
Mar
Apr,
May
June
July
Aug
Sept
Oct
Nov
Dec

11,832
11,479
12,099
12,711
13,716
14,920
14,745
15,367
16,383
17,079
18,129
18,693

11,832
11,479
12,099
12,711
13,716
14,920
14,745
15,367
16,383
17,079
18,129
18,693

32
35
63
75
160
155
35
71
109
190
436
265

495
430
439
438
375
409
410
351
443
410
437
648

10
10
10
12
12
11
11
11
10
9
8
6

12,370
11,954
12,611
13,236
14 t 264
15,495
15,201
15,800
16,945
17,689
19,009
19,612

21,933
21,803
21,641
21,490
21,343
21,214
21,077
20,975
20,872
20,753
20,708
20,657

4,093
4,092
4,090
4,093
4,097
4,104
4,108
4,111
4,114
4,114
4,116
4,125

1945 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

18,726
19,152
19,509
20,115
20,754
21,271
21,593
22,052
22,877
23,123
23,333
23,708

18,726
19,152
19,509
20,115
20,754
21,271
21,593
22,052
22,877
23,123
23,333
23,708

118
233
245
360
633
590
163
388
398
369
636
381

540
490
496
455
407
453
456
428
431
393
417
652

4
4
4
4
5
4
3
3
3
3
3
2

19,388
19,879
20,253
20,934
21,799
22,318
22,215
22,871
23,709
23,888
24,389
24,744

20,582
20,519
20,448
20,400
20,325
20,263
20,203
20,116
20,090
20,048
20,033
20,047

4,129
4,125
4,120
4,120
4,136
4,145
4,153
4,202
4,221
4,261
4,290
4,322

1946Jan....
Feb
Mar
Apr. . .
May
June
July
Aug
Sept
Oct
Nov. . . .
Dec

23,590
23,150
22,549
22,260
22,699
23,152
23,473
23,584
23,614
23,471
23,674
23,767

23,590
23,150
22,549
22,260
22,699
23,152
23,473
23,584
23,614
23,471
23,674
23,767

232
367
566
433
212
245
240
247
283
251
351
305

474
415
416
367
442
487
423
403
485
420
497
673

2
2
2
9
16
16
35
24 .
8
1

24,298
23,934
23,533
23,070
23 , 369
23,900
24,171
24,258
24,391
24,143
24,522
24,746

20,106
20,197
20,237
20,252
20,246
20,267
20,270
20,271
20,291
20,330
20,437
20,488

4,375
4,426
4,464
4,510
4,534
4,536
4,538
4,541
4,545
4,546
4,548
4,552

oct
:::::;;
Nov. .

For notes see Part A of this table.

Digitized for FRASER


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

526

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMSContinued


DAILY FIGURES, 1941-70
cf dollars]

Treasury
cash
holdings

Currency
in
circulation

Deposits, other than


member bank reserves,
with F. R. Banks
Treasury

Foreign 4

Other *

Member bank reserves

Other
Federal
Reserve
accounts

Month
Total

Required

Excess

. . . . . .
,

J a n 1941
Feb
Mar
Apr
May
. June
July
Aug.
Seot
Oct
Nov.
Dec.

8,591
8,679
8,835
8,995
9,193
9,442
9,670
9,839
10,061
10,270
10,496
10,985

2,193
2,205
2,202
2,277
2,264
2,249
2,303
2 , 360
2,379
2,220
2,194
2,189

265
548
618
892
618
987
949
829
476
525
669
592

I , 755
787
767
l ' 774
I , 926
I , 856
1, 774
I 839
I 836
I 905
I 774
1 531

283
282
285
288
287
290
289
286
289
292
290
292

14,339
13,996
13,979
1 3 , 600
13,650
13,201
13,120
13,004
13,184
13,097
12,900
12,812

7,507
7,574
7,675
7,717
7,819
7,850
7,927
7,987
8,068
8,096
9,289
9,422

6,832
6,422
6,304
5,883
5,831
5,351
5,193
5,017
5,116
5,001
3,611
3,390

11,105
11,328
11,507
1 1 , 645
11,898
12,213
12,532
12,939
13,441
13,951
14,473
15,119

2,209
2,189
2,172
2,178
2,191
2,192
2,204
2,208
2,208
2,233
2,247
2,199

467
377
244
197
317
136
425
240
254
350
219
307

1
1
1
1
1
I
I
1

389
292
318
428
407
334
363
333
321
1 345
1 323
I 210

291
288
291
295
294
297
296
295
294
290
276
261

12,936
12,908
12,827
1 2 , 649
12,510
12,624
12,409
12,623
12,299
12,234
12,618
13,152

9,490
9,599
9,680
9,698
9,843
9,920
10,172,
10,375
9,999
9,904
10,256
10,776

3,446
3,309
3,147
2,951
2,667
2,704
2,237
2,248
2,300
2,330
2,362
2,376

15,399
15,837
16,148
1 6 , 448
16,815
17,217
17,681
18,196
18,729
19,001
19,566
20,243

2,192
2,211
2,217
2,231
2,252
2,271
2,272
2,277
2,266
2,280
2,294
2,307

310
212
8
276
433
148
454
316
336
559
338
669

1
1
1
1

250
177
164
296
336
1 ,301
1 ,496
1 ,562
1 ,504
1 ,581
,687
1 ,723

256
270
287
303
312
326
330
331
334
339
334
339

1 3 , 344
12,933
13,255
12,717
12,024
12,293
12,410
12,597
12,864
12,035
12,313
12,749

11,212
11,221
11,371
10,768
10,294
10,832
11,083
11,461
11,447
10,771
11,240
11,701

2,132
,712
,884
,949
,730
,461
,327
,136
,417
,264
,073
,048

20,428
20,635
20,964
21,312
21,822
22,296
22,580
22,988
23 , 525
24, 112
24,738
25,207

2,32!
2,332
2,335
2,330
2,325
2,334
2,318
2,359
2,383
2,362
2,340
2,355

484
335
393
324
318
347
396
385
495
290
262
666

1 ,889
1 ,858
I ,873
I ,922
1 ,922
1 ,953
1 ,829
1 ,780
1 ,674
1 ,593
1 ,579
1 ,595

339
340
346
357
355
364
364
370
379
391
395
403

12,935
12,349
12,431
12,574
12,962
13,518
12,900
13,004
13,476
13,808
14,520
14,168

11,831
11,199
11,453
11,688
12,094
12,437
11,668
11,998
12,493
12,850
13,497
12,884

,104
,150
978
886
868
,081
,232
,006
983
958
,023
,284

Jan. 1944
Feb
, Mar
.
Apr.
. May
June
. . . July
i Aup
Sept.
. .
.
Oct.
Nov
Dec.

2,371
2,377
2,357
2,367
2,361
2,302
2,268
2,257
2,261
2,259
2,268
2,269

532
536
269
504
405
368
618
549
609
448
419
625

1 ,501
1 ,633
1 ,495
,516
I ,549
1 ,631
1 ,563
1 ,554
1 ,499
1 ,388
1 ,347
1 ,247

404
410
423
437
439
449
450
457
470
483
485
493

14,048
14,040
14,429
14,621
15,156
15,415
14,755
14,978
15,414
15,675
16,043
16,027

12,934
13,088
13,419
13,690
14,151
14,076
13,535
13,894
14,351
14,618
14,876
14,536

,114
952
.010
931
,005
,339
,220
,084
,063
,057
,167
,491

Jan 1945
Feb.
MaiApr
May
June
.July
AUP.
Sept.
. Oct.
Nov
Dec.

2,265
2,307
2,274
2,261
2,263
2,266
2,251
2,262
2,275
2,274
2,282
2,256

648
856
809
448
556
686
589
524
515
444
596
556

1 ,282
1 ,248
1 ,167
1 ,120
,074
,053
1 ,274
1 ,328
1 ,214
947
992
852

505
517
536
550
551
561
567
573
585
597
598
606

1 5 , 92 1
15,685
15,536
15,531
15,727
15,996
16,017
16,031
16,160
16,167
16,310
16,517

14,610
14,554
14,505
14,507
14,771
15,053
15,089
15,140
15,275
15,304
15,456
15,617

,311
,131
,031
,024
956
943
928
891
885
863
854
900

25,243
25,527
25,850
26,009
26,351
26,561
2,6.918
27,392
27,765
27,943
28,151
28,452
28,158
27,944
27,913
27,923
27,978
28,140
28,281
28,352
28,478
28,588
28,727
28 , 997

Digitized for FRASER


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

527

i
. .
. , . . , .
.>

..

. ,

. ..
...
. *
..

>

. . >

. .
. . .
,.

..
,

Jan 1942
. . Feb.
Mar
Apr.
May
. June
July
. . Aug.
Sept
. Oct.
Nov.
, . . Dec.
Jan 1943
Feb.
Mar.
. . Apr.
May
, . .June
July
. . Aug.
Sept.
Oct.
Nov.
Dec.

.. .

....
....

. . .

. .

, .

.
. ..

. .

. .

Jan 1946
Feb.
.Mar.
Apr
May
.June
July
. Aug.
, Sept.

Oct.
.Nov.
Dec.

MEMBER BANK RESERVES AND RELATED ITEMS

10.1

MEMBER BANK RESERVES, RESERVE


B. MONTHLY AVERAGES OF
[In millions

Reserve Bank credit outstanding


Gold
stock

Treasury
currency
outstanding

24,431
24,601
23,721
22,722
22,284
22,217
22,342
22,521
22,616
22,798
22,866
22,858

20,624
20,726
20,406
20,586
20,865
21,092
21,399
21,648
21,866
22,149"
22,479
22,712

4,560
4,558
4,557
4,558
4,559
4,560
4,552
4,551
4,551
4,551
4,551
4,556

22,447
21,589
21,446
21,103
21,042
21,501
22,021
22,042
22,409
23,937
23,830
23,978

22,816
22,967
23,103
23,154
23,243
23,457
23,615
23,700
23,829
23,958
24,110
24,218

4,559
4,559
4,558
4,558
4,560
4,561
4,562
4,564
4,570
4,574
4,580
4,584

24,259
24,283
24,301
24,322
24,304
24,404
24,502
24,588
24,637
24,596
24,533
24,451

4,587
4,587
4,588
4,591
4,592
4,596
4,595
4,592
4,592
4,592
4,593
4,596

U.S. Government securities


Month

Discounts
and
advances

Repurchase
agreements

Float

All
other 3

Total

Total

Bought
outright

23,632
23,824
22,978
22,104
21,782
21,658
21,877
22,055
22,067
22,092
22,082
21,905

23 , 632
23,824
22,978
22,140
21,782
21,658
21,877
22,055
22,067
22,092
22,082
21,905

252
339
307
208
130
162
119
165
163
208
313
268

546
437
435
409
370
395
344
300
384
493
468
681

21,673
20,738
20,582
20,440
20,315
20,752
21,340
21,411
21,632
23,168
23,028
23,002

21,673
20,738
20,582
20,440
20,315
20,752
21,340
21,411
21,632
23,168
23,028
23,002

224
379
410
262
301
330
326
321
383
357
353
330

549
469
451
398
426
417
354
309
393
411
448
644

22,289
22,320
21,615
21,361
19,974
19,377
18,797
18,147
17,441
17,643
17,664
18,287

22,289
22,320
21,615
21,361
19,974
19,369
18,797
18,140
17,419
17,643
17,664
18,287

347
284
302
249
303
191
202
190
164
136
215
189

512
349
352
406
297
327
343
245
352
360
346
534

1
2

23,150
22,953
22,270
22,017
20,575
19,896
19,342
18,583
17,957
18,139
18,226
19,012

1950 Jan
Feb..
Mar.
Apr. .
May
June .
July
Aug. .
Sept
Oct.. .
Nov
Dec

18,082
17,705
17,682
17,608
17,486
17,800
18,129
18,328
18,946
19,365
19,381
20,345

18,082
17,705
17,682
17,571
17,486
17,800
18,129
18,291
18,931
19,364
19,373
20,336

101
178
170
140
116
84
140
172
96
67
145
142

464
425
386
385
400
437
431
375
565
611
631
1,117

2
2
3
3
3
3
3
2
2
2
2
2

18.649
18,310
18,242
18,136
18,005
18,325
18,703
18,877
19,610
20,044
20,159
21,606

24,420
24,346
24,311
24,247
24,236
24,231
24,192
23,927
23,560
23,366
23,157
22,879

4,597
4,598
4,600
4,601
4,602
4,605
4,606
4,609
4,613
4,618
4,622
4,629

1951 Jan
Feb
Mar. . .
Apr
May
June
July
Aug. . .
Sept.
Oct
Nov.
Dec.

20,699
21,733
22,333
22,975
22,438
22,797
23,059
23,123
23,259
23,834
23,364
23,409

20,682
21,703
22,316
22,970
22,395
22,783
22,996
23,035
23,171
23,826
23,364
23,310

213
330
242
162
438
170
194
292
338
131
343
657

924
1,219
1,084
842
806
940
1,026
843
1,062
1,012
1,074
1,375

3
4
4
s
5
5
6
6
5
5
4
5

21,839
23,286
23,663
23,983
23,686
23,913
24,285
24,264
24,664
24,982
24,785
25,446

22,523
22,249
21,909
21,806
21,757
21,755
21,757
21,790
21,906
22,104
22,298
22,483

4,635
4,637
4,639
4,640
4,643
4,647
4,656
4,666
4,674
4,682
4,688
4,701

1952 Jan..
Feb
Mar. .
Apr
May
June .
July
Aug
Sept
Oct
Nov
Dec

23 , 206
22,552
22,634
22 , 448
22,308
22,617
22,798
23,027
23,471
23,657
23,638
24,400

23,195
22,552
22,626
22 , 448
22,308
22,505
22,617
22,983
23,433
23,644
23 , 527
23,876

200
365
314
365
573
585
1,092
1,059
723
1,093
1,577
1,633

1,034
904
937
908
818
936
890
734
856
927
954
1,262

4
5
5
5
5
5
5
5
5
4
4
4

24,444
23,826
23,890
23,726
23,704
24,144
24,786
24,824
25,055
25,681
26,172
27,299

22,824
23,039
23,278
23,293
23,297
23,308
23 , 348
23,346
23,343
23 , 340
23,338
23,276

4,709
4,719
4,728
4,737
4,740
4,751
4,756
4,765
4,778
4,788
4,796
4,806

1947Jan.
Feb
Mar.
Apr
May
June
July
Aug.
Sept
Oct
Nov
Dec

...

1948 Jan
Feb.
Mar
Apr.
May
June
July
Aug.
Sept. . .
Oct.
Nov.
Dec

...
...
...

...

1949Jan
Feb.
Mar
Apr,

May. . . .
June
July. .
Aug.
Sept. .
Oct.
Nov..
Dec.

8
7
22

37

3?"
15
I
8
9
17
30
17
5
43
14
63
88
88
8
99
11
8
112
181
44
38
13
111
524

For notes see Part A of this table.

Digitized for FRASER


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

528

1
1
1
2
2
2
2
3
5
3
4
2
3
3
3

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMS^-Continued


DAILY FIGURES, 1941-70Continued
of dollars]

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks
Treasury

Foreign4

Other4

Member bank reserves

Other
Federal
Reserve
accounts

Month
Total

Required

Excess

28,543
28,300
28,273
28,185
28,158
28,236
28,259
28,252
28,654
28,598
28 , 648
28,937

2,290
2,214
1,332
1,329
1,340
1,339
1,325
1,326
1,315
1,327
1,330
1,330

780
1,895
1,344
723
612
557
735
957
553
945
1,287
967

989
8 46
1,C 97
i,cc)60
)93
9 50
9 94
1 , C 79
I,C 07
9 08
1,C 11
1,C 16

614
623
633
639
627
632
632
624
638
647
631
614

16,399
16,006
16,006
15,931
15,978
16,154
16,347
16,481
16,866
17,073
16,988
17,261

15,549
15,201
15,135
15,098
15,194
15,369
15,566
15,681
15,935
16,119
16,138
16,273

850
805
871
833
784
785
78!
800
931
954
850
986

28,394
28,096
27,941
27,766
27,749
27,846
27,955
27,977
28,152
28,188
28,277
28,423

1,329
1,317
1,326
1,325
1,323
1,324
1,324
1,323
1,320
1,319
1,321
1,319

,130
,323
,089
,225
,420
,487
,829
,834
,321
,598
,563
,398

1,C 14
9 87
1 , C 69
9 86
g 74
90
g 57
c 12
g 27
9 58
9 84
1,C 51

566
558
575
587
545
576
607
568
578
588
540
600

17,390
16,834
17,106
16,926
16,933
17,396
17,526
17,690
18,509
19,818
19,835
19,990

16,309
16,030
16,284
16,115
16,190
16,544
16,709
16,853
17,625
19,001
19,062
19,193

1,081
804
822
811
743
852
817
837
884
817
773
797

Jan 1947
Feb.
Mar
AptMay
June
July
Aug
Sept.
Oct1
Nov
Dec
jan 1948
Feb
Mar.
Apr
May
June
July
Au&
Sept
.Oct.
Nov.
Dec

27,850
27,545
27,508
27,462
27,438
27,432
27,472
27,397
27,451
27,456
27,477
27,734

1,327
1,321
1,319
1,318
1,312
1,311
1,306
1,312
1,310
1,305
1,311
1,307

,014
,539
,009
,109
914
421
391
521
649
555
457
687

11
33
55
I ' 85
>cc>67
84
J 77
5 70
5 90
, : 71
96
15

603
616
652
671
593
680
736
690
703
727
691
724

19,991
19,570
19,417
19,185
18,146
18,068
17,558
16,873
16,083
16,113
16,119
16,291

19,153
18,860
18,723
1 8 , 479
17,369
17,310
16,539
15,918
15,161
15,251
15,308
15,488

838
710
694
706
777
758
1,019
955
922
862
811
803

Jan. 1949
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov.
Dec

27,220
27,008
27,043
27,062
27,022
27,026
27,117
27,009
27,154
27,233
27,380
27,806

1,314
1,310
1,307
1,313
1,302
1,299
1,305
1,307
1,303
1,305
1,290
1,290

472
585
638
695
563
512
549
668
749
590
450
615

,40
,*

719
728
752
764
717
759
796
752
740
803
746
739

16,520
16,146
16,081
15,898
15,941
16,194
16,253
16,273
16,602
16,731
16,742
17,391

15,585
15,409
15,298
15,204
15,237
15,426
15,507
15,626
15,837
15,889
16,011
16,364

935
737
783
694
704
768
746
647
765
842
731
1,027

27,304
27,145
27,171
27,179
27,324
27,548
27,859
27,951
27,213
28,387
28,612
29,139

1,297
1,290
1,289
1,292
1,291
1,286
1,291
1,288
1,284
1,283
1,286
1,280

368
842
603
632
640
280
405
483
576
451
436
271

861
862
861
860
896
914
867
833
758
690
583
571

338
393
351
392
347
248
291
271
297
287
284
264

742
734
730
750
696
731
756
719
721
802
776
796

18,088
18,907
19,207
19,324
18,892
1 9 , 309
19,229
19,174
19.396
19,868
19,794
20,310

17,263
18,279
18,494
18,491
1 8 , 302
18,475
18,473
18,470
18,675
18,952
19,065
19,484

825
628
713
833
590
834
756
704
721
916
729
826

28,637
28,406
28,437
28,459
28,557
28,843
29,028
29,088
29,343
29,555
29,904
30,494

1,281
1,294
1,283
1,278
1,281
1,282
1,270
1,276
1,275
1,276
1,277
1,271

109
352
333
549
553
328
306
501
326
550
591
569

506
469
562
551
538
601
681
785
766
688
689
745

231
330
283
324
300
242
279
259
231
253
297
290

744
738
790
818
745
767
791
720
721
876
803
832

20,470
19,995
20,207
19,777
19,767
20,140
20,535
20,306
20,514
20,611
20,744
21,180

19,537
19,300
19,322
19,127
19,139
19,431
19,926
19,657
19,736
19,963
20,087
20,457

933
695
885
650
628
709
609
649
778
648
657
723

Digitized for FRASER


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

31
.50
.99
72
181
KM
^
.35
67
331
>73

529

. .

. . . .

Jan =-1950
Feb.
MaiApr
May
June
July
Aug
Sept
Oct
Nov.
Dec.
Jan 1951
Feb.
Mar.
Apr
May
June
...July
Aug.
Sept.
. .Oct.
Nov.
Dec.

Jan. 1952
Feb.
Mar.
Apr.
May
June
July
. . . Aug.
Sept.
Oct.
. .Nov.
Dec.

MEMBER BANK RESERVES AND RELATED ITEMS

10.1 MEMBER BANK RESERVES, RESERVE


B. MONTHLY AVERAGES OF

[In millions
Reserve Bank credit outstanding
U.S. Government securities
Month

Discounts
and
advances

Float -1

All
other

Gold
stock

Treasury
currency
outstanding

;s

Total

1,008
823
909
843
750
776
737
660
771
800
744
1,018

4
4
4
4
4
3
3
3
3
3
3
2

26,586
26,080
26,025
25,892
25,682
25,960
26,123
26,322
26,410
26,514
26,413
27,107

23,101
22,797
22,606
22,562
22,557
22,514
22,366
22,226
22,176
22,102
22,057
22,028

4,814
4,821
4,825
4,832
4,843
4,851
4,853
4,860
4,867
4,873
4,878
4,885

118
308
205
151
172
166
104
210
170
254
345
407

861
667
712
696
640
710
695
654
725
720
769
992

2
2
2

26,243
25,746
24,553
25,483
25,503
25,876
25,571
24,855
24,838
25,459
25,776
26,317

22,015
21,957
21,963
21,966
21,971
21,927
21,926
21,871
21,809
21,787
21,724
21,711

4,891
4,904
4,920
4,941
4,954
4,956
4,959
4,960
4,967
4,973
4,979
4,982

18
51
15
28
49
2
52
16
41
70
34
284

444
473
566
585
445
465
576
803
872
895
1,018
840

805
710
804
838
798
878
940
746
924
926
1,055
1,389

16
15
16
14
14
20
19
18
21

25,449
25,021
24,989
25,070
24,924
24,958
25,497
25,450
25,525
25,792
26,089
26,853

21,714
21,715
21,718
21,680
21,673
21,676
21,680
21,682
21,682
21,685
21,687
21,689

4,985
4,990
4,996
4,997
4,999
5,001
5,003
5,004
5,006
5,008
5,008
5,008

23 , 824
23,375
23,449
23,393
23,262
23,486
23,573
23,488
23,695
23,742
23,951
24,498

73
26
73
17
60
36
7
42
33
39
73
267

808
800
993
1,060
971
770
738
898
792
715
745
706

1,152
965
987
925
928
,206
,263
910
,198
,182
,300
,633

22
17
16
15
16
18
18
19
19
20
27
51

25,879
25,183
25,517
25,411
25,237
25,516
25,599
25,357
25,737
25,698
26,097
27,156

21,692
21,694
21,711
21,735
21,768
21,795
21,826
21,855
21,880
21,906
21,910
21,942

5,008
5,011
5,013
5,018
5,028
5,033
5,032
5,038
5,043
5,048
5,056
5,064

July
Aug. .
Sept.
Oct
Nov
Dec..

24,092
23,111
23,061
23,239
23,041
22,989
23,351
23,146
23,325
23,348
23,417
23,982

24,056
23,083
22,997
23,121
22,996
22,917
23,198
23,129
23 , 302
23,252
23,276
23,615

36
28
64
118
45
72
153
17
23
96
141
367

432
665
859
1,036
931
1,009
917
1,010
994
818
810
716

,343
,106
,024
,110
,046
,170
,175
989
,147
,143
,126
,443

38
30
24
26
23
21
23
21
22
17
19
45

25,905
24,912
24,968
25,411
25,041
25,189
25,466
25,166
25,489
25,326
25,373
26,186

21,989
22,279
22,305
22,313
22,358
22,621
22,625
22,626
22,627
22,660
22,743
22,769

5,067
5,071
5,081
5,090
5,098
5,106
5,108
5,115
5,121
5,129
5,137
5,144

1958 Jan
Feb..
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

23,608
23,378
23,486
23,649
23,939
24,749
25,218
25,410
25,051
25,296
25,650
26,312

23,458
23,313
23,465
23,638
23,939
24,698
25,218
25,406
25,051
25,260
25,562
26,216

150
65
21
11

454
242
139
130
119
142
109
252
476
425
488
564

1,118
907
893
864
841
916
942
858
990
1,035
1,309
1,496

49
42
42
39
41
45
41
34
31
33
35
40

25,229
24,568
24,559
24,682
24,939
25,851
26,310
26,554
26,548
26,789
27,211
28,412

22,782
22,759
22,548
22,166
21,801
21,490
21,285
21,112
20,940
20,750
20,648
20,563

5,148
5,162
5,177
5,191
5,200
5,203
5,203
5,210
5,215
5,220
5,225
5,230

1953 Jan
Feb
Mar.
Apr.
May
June
July
Aug.
Sept
Oct
Nov. .
Dec

; . . . ."

. . .

;....,.

'

1954Jnn
Feb
Mar
Apr
May
June
July
Aug.
Sept
Oct
Nov
Dec
1955 Jan
Feb
Mar.
Apr
May
June
July..
Aug

. .

Sep....:
Oct

:::::::::

Nov
Dec

1956 Jan
Feb.
Mar
Apr
May
June
July
Aug. .
Sept

. .

oNov
ct

;;:;::;

Dec. .

1957Jan.
Feb
Mar.
Apr,
May. .

. .

une

Total

Bought
outright

Repurchase
agreements

24,202
23,918
23 , 892
23,861
23,973
24,748
24,955
25,000
25,168
25,344
25,172
25,639

24,011
23,875
23,878
23,806
23,881
24,729
24,943
24,974
25,097
25,341
25,078
25,218

191
43
14
55
23
19
12
26
71
3
94
421

1,372
1,336
1,220
1,184
955
433
428
658
468
367
494
448

25,263
24,770
24,633
24,635
24,689
24,998
24,771
23,989
23,941
24,485
24,661
24,917

25,149
24,729
24,620
24,632
24,680
24,960
24,761
23,930
23,928
24,472
24,654
24,888

114
41
13
3
9
38
10
59
13
13
7
29

24,200
23,838
23,619
23,632
23,666
23,598
23,967
23,886
23 , 709
23,951
23,997
24,602

24,182
23,787
23,604
23,604
23,617
23,596
23,925
23 , 870
23 , 668
23,881
23,963
24,318

23,897
23,401
23,522
23,410
23,322
23 , 522
23,580
23,530
23,728
23,78!
24,024
24,765

51
4

36
88
96

For notes see Part A of this table.

Digitized for FRASER


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

530

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMSContinued


DAILY FIGURES, 1941-70Continued
of dollars]

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank reserves,


with F. R. Banks
Treasury

Foreign

Other 2

Other
Federal
Reserve
accounts

Member bank reserves


Month
With
F. R.
Banks

Currency
and
coin5

Total

Required

Excess

29,920
29,718
29,752
29,782
29,870
30,012
30,165
30,167
30,328
30,366
30,555
30,968

1,280
1,299
1,296
1,281
1,278
1,273
1,264
1,273
1,273
1,274
915
767

552
500
244
395
356
52
545
656
537
557
497
602

611
526
530
563
552
566
537
548
538
463
434
466

405
336
378
397
350
203
239
376
354
406
424
390

775
800
841
861
779
932
939
861
871
889
805
908

20,958
20,520
20,416
20,007
20,897
20,287
19,653
19,526
19,552
19,536
19,718
19,920

20,958
20,520
20,416
20,007
19,897
20,287
19,653
19,526
19,552
19,536
19,718
19,920

20,251
19,882
19,828
19,472
19,306
19,499
18,869
18,882
18,834
18,784
19,034
19,227

707
638
588
535
591
788
784
644
718
752
684
693

Jan
1953
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec

30,282
29,903
29,800
29,755
29,773
29,856
29,968
29,896
29,991
30,078
30,287
30,749

778
811
813
825
830
815
810
806
796
797
800
805

201
568
490
584
486
602
498
591
541
610
492
443

453
470
494
481
531
553
632
536
522
455
416
439

422
429
352
427
412
321
409
464
431
444
393
365

834
870
913
926
864
941
973
916
929
944
883
929

20,179
19,557
19,573
19,392
19,533
19,670
19,164
18,478
18,403
18,893
19,207
19,279

20,179
19,557
19,573
19,392
19,533
19,670
19,164
18,478
18,403
18,893
19,207
19,279

19,243
18,925
18,881
18,627
18,817
18,813
18,329
16,638
17,628
18,173
18,393
18,576

936
632
692
765
716
857
835
840
775
720
814
703

Jan
1954
Feb
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov.
Dec

30,110
29,784
29,790
29,807
29,861
30,050
30,284
30,289
30,420
30,532
30,791
31,265

819
826
823
816
818
825
801
801
797
781
778
111

341
477
690
501
421
329
461
569
540
509
538
434

477
420
363
370
389
412
423
431
386
390
394
459

383
473
442
481
432
345
423
398
392
403
444
394

903
927
960
973
928
959
962
918
968
1,000
937
983

19,114
18,819
18,635
18,800
18,746
18,715
18,824
18,728
18,711
18,870
18,902
19,240

19,114
18,819
18,635
18,800
18,746
18,715
18,824
18,728
18,711
18,870
18,902
19,240

18,432
18,195
18,050
18,210
18,166
18,146
18,205
18,152
18,148
18,345
18,378
18,646

682
624
585
590
580
569
619
576
563
525
524
594

Jan 1955
Feb.
MaiApr.
May
June
July
Aug.
Sept
Oct.
Nov.
Dec.

30,620
30,214
30,256
30,245
30,323
30,536
30,751
30,650
30,803
30,864
31,198
31,775

787
796
783
783
784
778
771
774
772
776
774
772

356
480
532
545
556
485
521
504
523
487
456
463

404
364
349
338
331
315
300
318
356
337
308
372

354
351
350
338
322
304
280
275
237
299
313
247

921
973
1,048
1,067
982
991
999
946
946
950
845
998

19,138
18,709
18,924
18,847
18,735
18,933
18,836
18,783
19.024
18,939
19,169
19,535

19,138
18,709
18,924
18,847
18,735
18,933
18,836
18,783
19,024
18,939
19,169
19,535

18,586
18,177
18,340
18,320
18,268
18,359
18,237
18,224
1 8 , 446
18,419
18,579
18,883

552
532
584
527
467
574
599
559
578
520
590
652

Jan. 1956
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

31,040
30,595
30,568
30,613
30,645
30,902
31,116
31,035
31,143
31,109
31,335
31,932

794
817
812
803
792
782
769
764
763
780
793
768

335
336
423
429
521
490
480
490
547
495
464
385

323
335
316
348
361
393
377
349
378
338
322
345

276
294
216
339
276
290
279
273
271
258
337
186

896
,071
,135
,195
,075
,077
,048
,163
,180
,097
,044
,063

19,295
18,816
18,884
19,087
18,827
18,982
19,129
18,834
18,956
19,040
18,958
19,420

19,925
18,816
18,884
19,087
18,827
18,982
19,129
18,834
19,956
19,040
18,958
19,420

18,773
1 8 , 302
18,366
18,580
18,362
18,485
18,595
18,300
18,434
18,573
18,447
18,843

522
514
518
507
465
497
534
534
522
467
511
577

Jan. 1957
.Feb.
Mar.
Apr.
May
June
. . .July
. Aug.
Sept.
. . .Oct.
Nov.
. . . . Dec.

31,059
30,608
30,589
30,654
30,798
:H,039
31,264
31,268
31,342
31,390
31,732
32,371

111
717
750
728
731
701
687
694
691
685
688
691

512
421
457
494
466
442
498
541
445
449
410
470

297
294
265
267
286
281
302
274
325
299
276
262

224
299
350
410
401
350
358
324
325
352
369
337

993
,150
,142
,092
,036
,132
,081
,194
,151
,108
,068
,164

19,296
19,000
18,730
18,394
18,223
18,600
18,609
18,580
18,425
18,476
18,540
18,899

19,296
19,000
18,730
18,394
18,223
18,600
18,609
18,580
18,425
1 8 , 476
18,540
18,899

18,723
18,434
1 8 , 097
17,772
17,557
1 7 , 974
17,953
17,946
17,854
17,955
18,034
18,383

573
566
633
622
666
626
656
634
571
521
506
516

Jan. 1958
Feb.
Mar.
Apr.
May
June
July
. . Aug.
Sept.
Oct.
Nov.
Dec.

Digitized for FRASER


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

531

MEMBER BANK RESERVES AND RELATED ITEMS

10,1 MEMBER BANK RESERVES, RESERVE


B. MONTHLY AVERAGES OF
[In millions
Reserve Bank credit outstanding
U.S. Government securities
Month
Total

Bought
outright

Discounts
and
advances

Repurchase
agreements

Float

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

1959Jan
Feb
Mar.
Apr
May
June
July
Aug
Sent
Oct. . .
Nov
Dec.

25,776
25,532
25,446
25,661
25,920
25,963
26,422
26,588
26,674
26,517
26,732
27,036

25,723
25,503
25,400
25,538
25,882
25,949
26,354
26,548
26,628
26,479
26,628
26,993

53
29
46
123
38
14
68
40
46
38
104
43

574
526
620
694
784
938
969
1,008
904
909
886
911

1,170
961
954
937
935
,009
,023
891
,088
,115
,094
,426

44
40
35
31
29
27
27
23
21
22
29
61

27,564
27,059
27,055
27,323
27,669
27,937
28,441
28,509
28,687
28,563
28,741
29,435

20,518
20,475
20,448
20,403
20,217
20,030
19,674
19,596
19,514
19,498
19,581
19,482

5,234
5,238
5,244
5,253
5,265
5,278
5,283
5,281
5,278
5,293
5,303
5,311

I960Jan,
Feb....
Mar
Apr'
May
June
July
Aug.
Sept
Oct.
Nov
Dec,

25,934
25,322
25,310
25,488
25,818
26,124
26,619
26,983
26,653
27,056
27,871
27,248

25,914
25,289
25,261
25,373
25,697
26,118
26,521
26,768
26,546
26,929
27,542
27,170

20
33
49
115
121
6
98
215
107
127
329
78

909
818
637
623
502
425
388
293
233
170
160
94

,341
,032
,065
,036
,027
,159
,140
894
,168
,225
,156
,665

51
38
34
33
30
29
29
36
34
40
53
53

28,234
27,210
27,047
27,181
27,378
27,737
28,176
28,206
28,088
28,490
29,241
29,060

19,454
19,429
19,410
19,386
19,356
19,343
19,245
19,052
18,870
18,571
18,058
17,954

5,315
5,323
5,336
5,344
5,349
5,353
5,357
5,364
5,374
5,382
5,391
5,396

26,942
26,829
26,831
26,676
26,747
26,935
27,024
27,415
27,563
28 , 044
28,616
29,098

26,862
26,630
26,826
26,663
26,722
26,927
27,014
27,327
27,558
27,997
28,532
29,061

80
199
5
13
25
8
10
88
5
47
84
37

58
146
80
63
101
66
52
68
38
67
107
152

,431
,121
,071
,140
,119
,265
,388
,145
,445
,358
,377
,921

54
49
48
46
40
38
34
33
34
36
41
46

28,484
28,145
28,030
27,925
28,007
28 , 304
28,498
28,661
29,080
29,504
30,142
31,217

17,567
17,402
17,380
17,389
17,397
17,475
17,540
17,575
17,446
17,328
17,180
16,929

5,401
5,404
5,408
5,414
5,425
5,432
5,450
5,547
5,556
5,569
5,583
5,587

28,519
28,384
28 , 570
29,143
29,503
29,568
29,581
30,088
29,921
30,241
30,195
30,546

28,478
28,377
28,524
29,015
29,457
29,510
29,540
30,074
29,865
30,178
30,064
30,474

41
7
46
128
46
58
41
14
56
63
131
72

93
118
156
134
128
154
109
143
91
76
129
305

,807
,290
,293
,317
,326
,508
,736
,330
,760
,705
,694
2,298

48
46
44
40
34
35
49
39
35
35
35
69

30,468
29,839
30,063
30,634
30,991
31,265
31,475
31,600
3 1 , 807
32,057
32,053
33,218

16,852
16,793
16,707
16,564
16,456
16,434
16,310
16,136
16,079
16,050
15,978
15,978

5,588
5,586
5,588
5,588
5,594
5,601
5,602
5,598
5,548
5,552
5,552
5,562

30,198
30,541
30,613
30,897
31,138
3 1 , 540
32,158
32,233
32,341
32,648
33,126
33,729

30,148
30,355
30,507
30,833
31,041
31,446
32,014
32,171
32,243
32,464
32,936
33,626

50
186
106
64
97
94
144
62
98
184
190
103

101
181
185
151
229
236
322
355
352
343
407
360

2,278
1,503
,626
,596
,560
,635
,740
,453
,710
,593
,771
,434

86
62
53
48
45
43
42
39
37
44
49
87

32,663
32,287
32,477
32,692
32,972
33,454
34,262
34,080
34,440
34,628
35,353
36,610

15,950
15,922
15,878
15,878
15,834
15,785
15,664
15,602
15,582
15,582
15,582
15,562

5,568
5,567
5,576
5,578
5,576
5,583
5,585
5,584
5,589
5,587
5,594
5,583

33,200
33,009
33,389
33,498
33,907
34,631
34,898
35,118
35,273
35,334
36,036
37,126

33,127
32,981
33,348
33,453
33,836
34,530
34,765
34,996
35,143
35,257
35,867
36,895

73
28
41
45
71
101
133
122
130
77
169
231

289
311
259
214
256
271
265
334
332
311
433
266

,164
,644
,710
,798
,747
,784
,841
,670
,914
2,027
1,874
2,423

117
64
96
92
70
75
73
48
59
75
78
58

35,770
35,028
35,454
35,602
35,981
36,760
37,077
37,170
37,578
37,747
38,421
39,873

15,513
15,480
15,462
15,462
15,462
15,462
15,463
15,462
15,462
15,462
15,442
15,388

5,583
5,586
5,579
5,580
5,577
5,584
5,568
5,562
5,564
5,533
5,494
5,401

1961Jan.
Feb. . . .
Man.
Apr.. .
May
June
July
Aug.
Sept
Oct
Nov... .
Dec
1962Jan
Feb
Mar
Apr.
May
June .
July
Aug. . . .
Sept
Oct....
Nov
Dec
1963 Jan.
Feb
Man . .
Apr.
May.....
June
July
Aug. . . .
Sept.
Oct
Nov.
Dec
1964Jan
Feb
Mar
Apr
May. . . .
June
July
Aug. . .
Sent.
Oct
Nov.
Dec

. . .

. . . . .

. .

. .

. . . .

. . . .

. . . .

For notes see Part A of this table.

Digitized for FRASER


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

532

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMSContinued


DAILY FIGURES, 1941-70Continued
of dollars]

Treasury
cash
circulation holdings
Currency

Deposits, other than member


bank reserves, with F. R. Banks

in

Treasury

Foreign

Other 2

Other
Federal
Reserve
accounts

Member bank reserves


Month
With
F, R.
Banks

31,521
31,158
31,227
31,304
31,490
31,813
32,042
31,994
32,019
31,974
32,207
32,775

709
729
717
708
708
632
411
399
394
391
413
396

415
417
477
505
532
495
490
546
543
512
485
524

306
303
312
283
274
277
269
260
301
302
317
361

353
378
377
347
369
359
344
337
381
388
379
348

,120
,211
,208
,168
,197
,219
,170
,239
,246
,175
. ,204
,195

18,893
18,577
18,429
18,664
18,580
18,451
18,671
18,613
18,593
18,610
18,621
18,628

32,008
31,580
31,628
31,713
31,726
31,926
32,174
32,091
32,151
32,183
32,474
33,019

419
445
442
419
415
414
406
403
400
406
405
408

534
515
481
554
534
496
492
490
516
488
462
522

270
214
197
185
194
221
213
202
216
226
243
250

366
340
306
307
316
381
395
377
390
405
396
495

838
921
970
890
937
994
910
948
962
891
973

18,568
17,947
17,770
17,843
17,962
18,001
18,208
18,111
17,697
17,843
17,737
16,688

32,265
31,841
31,839
31,914
32,011
32,246
32,586
32,569
32,719
32,864
33,255
33,954

411
422
426
408
420
411
400
420
411
415
414
422

482
521
459
422
463
515
474
489
473
469
483
514

239
189
240
207
205
205
235
241
285
254
258
229

399
392
383
316
293
250
279
294
313
305
244
244

941

33,291
32,848
32,996
33,235
33,327
33,626
33,989
33,962
34,004
34,111
34,584
35,280

441
449
439
428
419
402
398
405
398
404
400
399

417
426
448
485
551
514
490
524
500
517
472
587

234
211
215
220
221
269
273
200
211
216
202
222

288
272
272
350
351
322
312
335
296
320
293
290

34,574
34,230
34,431
34,719
34,879
35,293
35,752
35,794
35,945
36,120
36,693
37,603

422
437
446
436
423
400
393
394
401
395
395
389

777
832
878
917
890
794
923
846
866
918
938
879

226
208
188
183
171
193
176
164
149
161
150
160

299
305
185
199
183
216
201
200
196
194
198
206

36,827
36,383
36,615
36,887
37,107
37,541
37,938
38,033
38,224
38,362
38,937
39 , 698

408
429
433
426
425
414
431
421
437
471
529
595

965
926
948
924
957
886
804
909
893
863
613
944

155
141
153
141
148
135
131
145
143
133
148
181

212
205
202
195
180
200
201
194
189
189
200
186

Digitized for FRASER


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

1,029

1,055
1,052

987

1,017
1,038

967

,068
,071
,014
,068
,112

,042
,096
,049
985

1,048

971
654
764
799
710
925

1,048

976

,041
,095
,022
,075
,125
,076
,114
,163
,089
,138
,215
,052

991
998
987

,111
,273
,194
,151
,129
,009
,119
,093

533

Curency
and

coin 5

Total

Required

Excess

18,893
18,577
18,429
18,664
18,580
18,451
18,671
18,613
18,593
18,610
18,621
18,932

18,396
18,117
17,968
18,247
18,132
18,043
18,271
18,141
18,183
18,164
18,176
18,450

497
460
461
417
448
408
400
472
410
446
445
482

Jan. 1959
Feb.
'.'.'" Mar
..".!! Apr."
. . . TMay
"J
June
. .July
AUE
o*
. .Sept.
Oct.
. . Nov.
Dec.

310
266
257
261
277
293
310
390
873
890

1,267
2,595

18,878
18,213
18,027
18,104
18,239
18,294
18,518
18,501
18,570
18,733
19,004
19,283

18,334
17,758
17,611
17,696
17,770
17,828
18,010
17,961
17,931
18,095
18,248
18,514

544
455
416
408
469
466
508
540
639
638
756
769

Jan. 1960
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

16,715
16,532
16,419
16,474
16,420
16,547
16,547
16,701
16,811
17,082
17,183
17,259

2,600
2,432
2,390
2,410
2,436
2,495
2,516
2,522
2,556
2,578
2,657
2,859

19,315
18,964
18,809
18,884
18,856
19,042
19,063
19,223
19,367
19,660
19,840
20,118

18,570
18,310
18,253
18,277
18,307
18,430
18,482
18,619
18,783
19,153
19,218
19,550

745
654
556
607
549
612
581
604
584
507
622
568

17,195
16,916
16,939
17,083
17,122
17,196
17,272
17,144
17,227
17,382
16,706
16,932
16,909
16,724
16,707
16,671
16,761
16,800
16,991
16,723
16,890
16,920
17,017
17,303

2,894
2,655
2,611
2,640
2,701
2,728
2,771
2,780
2,807
2,823
2,898
3,108

20,089
19,571
19,550
19,723
19,823
19,924
20,043
19,924
20,034
20,205
19,604
20,040

19,464
19,069
19,077
19,213
19,320
19,433
19,514
19,358
19,579
19,721
19,012
19,468

625
502
473
510
503
491
529
566
455
484
592
572

3,123
2,858
2,808
2,901
2,918
2,929
3,029
2,996
3,055
3,083
3,097
3,443

20,032
19,582
19,515
19,572
19,679
19,729
20,020
19,719
19,945
20,003
20,114
20,746

19,558
19,109
19,091
19,138
19,223
19,355
19,537
19,256
19,533
19,596
19,705
20,210

474
473
424
434
456
374
483
463
412
407
409
536

17,247
17,018
17,146
17,084
17,092
17,356
17,408
17,340
17,589
17,716
17,812
17,964

3,426
3,128
3,067
3,193
3,128
3,202
3,257
3,226
3,339
3,317
3,347
3,645

20,673
20,146
20,213
20,277
20,220
20,558
20,665
20,566
20,928
21,033
21,159
21,609

20,242
19,753
19,855
19,897
19,883
20,168
20,265
20,149
20,508
20,618
20,763
21,198

431
393
358
380
337

Jan. 1961
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan. 1962
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan. 1963
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan. 1964
Feb.
Mar.
Apr.
.../.May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

304

. 390
400
417
420
415
396
411

MEMBER BANK RESERVES AND RELATED ITEMS

10.1 MEMBER BANK RESERVES, RESERVE


B. MONTHLY AVERAGES OF
[In millions
Reserve Bank credit outstanding
U.S. Government securities
Month

Discounts
and
advances

Float 2

All
other3

Other
F.R.
assets

Total

Gold
stock

Special
drawing
rights
certif.
acct.

Treasury
currency
outstanding

Total

Bought
outright

Repurchase
agreements

36,684
37,052
37,315
37,637
38,111
38,840
39,249
39,318
39,108
39,601
40,128
40,885

36,457
36,957
37,267
37,482
37,749
38,610
38,891
39,074
39,055
39,580
40,127
40,772

227
95
48
155
362
230
358
244
53
21
1
113

340
450
441
487
520
543
527
566
533
515
485
490

2,126
1,650
,659
,658
,633
,714
,831
,581
,922
,869
,965
,349

95
92
118
100
76
56
44
39
48
62
71
129

39,245
38,244
39,535
39,882
40,340
41,153
41,651
41,504
41,610
42,048
42,649
43,853

15,258
14,984
14,687
14,472
14,358
14,277
13,924
13,858
13,858
13,857
13,845
13,799

5,395
5,394
5,396
5,405
5,402
5,402
5,412
5,433
5,469
5,496
5,537
5,565

40,626
40,635
40,398
40,629
41,129
41 , 672
42,221
42,280
"42,735
42,837
43,347
43,760

40,451
40,437
40,387
40,587
41,012
41,653
42,210
42,130
42,725
42,817
43,165
43,274

175
198
11
42
117
19
11
150
10
20
182
486

427
498
571
647
743
685
767
730
774
749
626
570

,253
,870
,824
,934
,877
,936
2,624
2,290
2,074
1,949
2,029
2,383

143
112
150
129
142
204
125
48
48
70
86
151

43,449
43,116
42,943
43,339
43,891
44,498
45,737
45,348
45,631
45,604
46,087
46,864

13,733
13,734
13,700
13,632
13,565
13,500
13,415
13,311
13,258
13,257
13,251
13,158

5,608
5,653
5,700
5,768
5,838
5,916
5,971
6,019
6,072
6,138
6,214
6,284

44,066
44,215
44,620
45,082
45,699
45,844
46,807
46,612
46,398
47,367
48,010
48,891

43,847
43,915
44,351
44,942
45,481
45,801
46,784
46,558
46,377
47,203
47,885
48,810

219
300
269
140
218
43
23
54
21
164
125
81

389
362
200
155
126
147
91
89
90
126
133
238

2,215
,875
,606
,540
,374
,459
,584
,423
,571
,408
,555
,030

132
136
98
125
124
97
108
86
88
92
54
109

46,802
46,587
46,524
46,902
47,323
47,547
48,590
48,210
48,147
48,993
49,752
51,268

13,158
13,144
13,108
13,108
13,108
13,108
13,109
13,053
13,007
13,003
12,907
12,436

6,350
6,409
6,473
6,530
6,576
6,602
6,615
6,665
6,737
6,779
6,781
6,777

1968Jan
Feb.
Mar
Apr.
May
June
July
Aug.
Sept
Oct.
Nov
Dec.

49,046
48,930
49,511
50,090
50,581
51,306
52,090
52,646
52,222
52,300
53,388
52,529

48,982
48,734
49,452
49,943
50,329
51,160
52,041
52,463
52,208
53,252
53,322
52,454

64
196
59
147
252
146
49
183
14
48
66
75

237
361
682
698
759
705
538
568
515
426
569
765

,906
,515
,599
,641
,580
,712
,870
,760
,981
,977
2,160
3,209

98
67
71
80
78
90
75
74
51
67
66
65

51,287
50,873
51,863
52,509
52,998
53,813
54,573
55,048
54,769
55,770
56,183
56,568

11,983
11,900
11,096
10,484
10,452
10,369
10,367
10,367
10,367
10,367
10,367
10,367

6,783
6,791
6,798
6,797
6,794
6,764
6,721
6,733
6,737
6,757
6,790
6,810

1969Jan..
Feb
Mar
Apr.
May
June
July..
Aug.
Sept
Oct.
Nov.
Dec

52,665
52,265
52,122
52,463
53,390
54,028
54,298
54,599
53,840
54,708
56,499
57,500

52,622
52,074
51,987
52,257
52,898
53,926
54,252
54,334
53,722
54,497
56,424
57,295

43
191
135
206
492
102
46
265
118
211
75
205

697
824
918
996
,402
,407
,190
,249
,067
,135
,241
1,086

3,054
2,602
2,367
2,429
2,218
2,463
2,684
2,302
2,477
2,462
2,541
3,235

59
95
70
96
113
53
45
54
43
59
47
76

2,793
2,837
2,876
2,614
2,670
2,672
3,032
3,153
2,460
2,204

56,475
55,786
58,270
58,821
59,999
60,565
60,887
60,876
60,459
61,517
62,788
64,100

10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367

6,802
6,806
6,815
6,750
6,736
6,746
6,738
6,739
6,761
6,785
6,810
6,841

1970 Jan.
Feb.
Mar
Apr.
May
June
July
Aug..
.
Sept.
Oct.
Nov. . . .
Dec.

56,273
55,949
55,780
55,982
57,265
57,630
58,219
59,544
59,903
59,533
60,393
61,688

56,182
55,548
55,695
55,787
57,179
57,584
58,003
59,255
59,625
59,360
60,004
61,310

91
401
85
195
86
46
216
289
278
173
389
378

965
1,099
936
877
1,066
978
1,432
849
607
462
425
321

3,443
2,476
2,550
3,274
2,985
2,824
2,901
2,446
2,832
2,933
2,933
3,570

73
91
60
81
63
42
58
47
61
46
65
97

2,114
1,853
2,061
2,209
,708
,369
,302
,248
,216
,734
,314
1,032

62,868
61,467
61,387
62,423
63,087
62,843
63,912
64,134
64,619
64,708
65,132
66,708

11,141
11,367
1 1 , 367
11,367
11,367
11,367
11,367
11,367
11,300
11,117
11,117
11,105

1965Jan
Feb
Mar.
Apr.
May
June
July
Aug.
Sept
Oct.
Nov
Dec.

....
, .,

...

1966Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept.
Oct
Nov.
Dec
1967Jan
Feb. .
Mar
Apr
May
June
July
AUJJ
Sept,
Oct
Nov.
Dec

.
.

...

. . . .

For notes see Part A of this table.

Digitized for FRASER


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

534

155
243
345
400
400
400
400
400
400
400
400
400

6,856
6,869
6,891
6,919
6,967
6,999
6,994
7,009
7,049
7,069
7,101
7,145

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMSContinued


DAILY FIGURES, 1941-70Continued
ot dollars]

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank' reserves


with F.R. Banks

Treasury

Foreign

Other

Other
Federal
Reserve
accounts

Other
F.R.
liabilities
and
capital

Member bank reserves


Month
With
F.R.
Banks

Currency
and
coin5

Total

Required

Excess

39,013
38t641
38,777
38,942
39,052
39,508
40,005
40,104
40,347
40,734
41,372
42,206

652
696
727
744
755
772
780
810
809
800
801
808

875
943
890
865
908
844
805
924
978
1,024
930
683

180
145
144
170
142
142
160
215
210
169
174
154

223
211
194
207
187
182
196
185
195
209
224
231

949
1,166
1,049
783
985
1,196
740
480
287
142
296
389

18,006
17,820
17,836
18,047
18,070
18,187
18,301
18,076
18,111
18,323
18,235
18,747

3,614
3,411
3,410
3,464
3,402
3,522
3,562
3,541
3,629
3,635
3,723
3,972

21,620
21,231
21,246
21,511
21,472
21,709
21,863
21,617
21,740
21,958
21,958
22,719

21,215
20,790
20,905
21,145
21,147
21,363
21,513
21,187
21,356
21,614
21,589
22,267

405
441
341
366
325
346
350
430
384
344
369
452

41,588
41 , 224
41,394
41,671
41,858
42,296
42,825
42,884
42,991
43,122
43,748
44,579

819
834
861
941
968
1,033
1,066
1,067
1,078
1,121
1,173
1,191

700
798
479
311
670
824
1,059
1,107
869
758
682
291

160
140
158
148
138
152
196
135
131
145
152
164

245
234
291
398
386
394
419
409
407
439
429
429

465
789
746
505
512
535
338
316
217
5
143
83

18,812
18,482
18,414
18,766
18,762
18,679
19,220
18,759
19,268
19,409
19,225
19,568

3,938
3,751
3,746
3,762
3,725
3,855
3,870
3,896
3,972
3,924
4,026
4,262

22,750
22,233
22,160
22,528
22,487
22,534
23,090
22,655
23,240
23,333
23,251
23,830

22,392
21,862
21,855
22,170
22,117
22,212
22,682
22,317
22,842
23,031
22,862
23,438

358
371
305
358
370
322
408
338
398
302
389
392

43,957
43 , 525
43,673
43,812
44,083
44,567
44,997
45,011
45,189
45,396
45,969
47,000

1,225
1,252
1,297
1,356
1,392
1,385
1,480
1,488
1,491
1,483
1,462
1,428

566
609
505
860
990
715
1,123
1,036
566
974
1,167
902

153
136
136
125
137
128
128
128
127
125
146
150

442
448
443
463
450
464
483
453
472
476
449
451

203
496
647
559
692
609
373
212
65
-80
-211
-204

19,765
19,675
19,404
19,365
19,263
19,388
19,730
19,600
19,980
20,402
20,458
20,753

4,310
4,034
4,001
3,997
4,021
4,130
4,177
4,191
4,220
4,206
4,282
4,507

24,075
23,709
23,405
23,362
23,284
23,518
23,907
23,791
24,200
24,608
24,740
25,260

23,702
23,351
22,970
23,053
22,914
23,098
23,548
23,404
23,842
24,322
24,337
24,915

373
358
435
309
370
420
359
387
358
286
403
345

46,389
45,854
46,137
46,641
46,871
47,486
48,089
48,194
48,474
48,632
49,398
50,609

1,393
1,336
1,216
1,123
1,074
973
836
811
791
781
769
756

1,011
1,021
916
738
1,059
960
1,026
963
611
1,054
798
360

157
143
165
167
159
181
164
170
131
137
164
225

481
-566
457
-512
506
-536
538
-598
483
-581
471
-474
472
-436
459
-102
450
-151
461
-312
439
-491
458 -1,105

21,188
4,646
21,265
4,345
21,354
4,226
21,181
4,365
21,179
4,326
21,350
4,363
21,510
4,491
21,653
4,416
21,567
4,510
22,141 4,512
22 , 263
4,522
22,442
4,737

25,834
25,610
25,580
25,546
25,505
25,713
26,001
26,069
26,077
26,653
26,785
27,179

25,453
25,211
25,224
25,276
25,085
25,362
25,702
25,694
25,694
26,393
26,461
26,766

381
399
356
270
420
351
299
375
383
260
324
413

. ...Jan. 1968
Feb.
. .Mar.
Apr.
. .May
. . June
July
Aug.
Sept.
Oct.
. . . . Nov.
Dec.

49,784
49,226
49,436
49,703
49,945
50,693
51,258
51,326
51,438
51,683
52,468
53,591

760
762
728
707
692
672
656
673
678
665
666
656

602
641
536
369
549
970
1,117
881
597
983
1,074
1,194

189
130
152
131
132
107
142
141
128
122
135
146

495 -1,174
488
-932
463
510
445
459
473
469
454
479
445
458

1,892
1,937
1,968
2,010
2,038
2,062
2,055
2,078
2,140
2,192

22,988
22,644
22,246
22,581
23,371
22,768
22,309
22,430
22,238
22,659
23,037
23,071

5,075
4,647
4,508
4,498
4,532
4,549
4,671
4,649
4,733
4,681
4,727
4,960

28,063
27,291
26,754
27,079
27,903
27,317
26,980
27,079
26,971
27,340
27,764
28,031

27,846
27,063
26,537
26,927
27,603
26,974
26,864
26,776
26,735
27,197
27,511
27,774

217
228
217
152
300
343
116
303
236
143
253
257

Jan. 1969
Feb.
Mar.
Apr.
May
, , , .June
July
Aug.
!
Sept.
Oct.
Nov.
Dec.

52,722
52,113
52,412
52,867
53,490
54,125
54,699
54,766
54,931
55,063
55,864
57,013

655
610
575
567
544
495
450
451
457
459
453
427

1,206
1,060
1,148
1,180
1,440
1,065
1,147
1,058
1,070
1,042
890
849

170
182
219
166
182
165
191
177
141
142
149
145

643
710
762
870
845
801
763
830
750
747
721
735

2,044
2,160
2,134
2,137
2,215
2,255
2,253
2,275
2,300
2,249
2,256
2,265

23,580
23,112
22,740
23,323
23,105
22,703
23,170
23,353
23,719
23,593
23,416
23,925

5,278
4,864
4,733
4,773
4,805
4,864
4,958
4,996
5,106
5,108
5,142
5,340

28,858
27,976
27,473
28,096
27,910
27,567
28,128
28,349
28,825
28,701
28,558
29,265

28,692
27,703
27,358
27,978
27,729
27,380
27,987
28,204
28,553
28,447
28,438
28,993

166
273
115
118
181
187
141
145
272
254
120
272

Jan. 1970
. . . Feb.
Mar.
Apr.
May
June
. . . July
Aug.
Sept.
Oct.
Nov.
. . . Dec.

Digitized for FRASER


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

535

. ..

Jan 1965
Feb.
Mar.
Apr.
May
June
July
. Aug.
Sept.
Oct.
Nov.
Dec.

Jan. 1966
Feb.
Mar.
Apr.
May
. . . .June
July
. . . Aug.
Sent.
Oct.
Nov.
Dec.
.. .

Jan. 1967
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
. . Oct.
Nov.
Dec.

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
W

Jan.

If

3
10
17
24
31

H* rr

1951

Total

Bought
outright

20,716
20,401
20,713
20,610
21,081

20,666
20,401
20,708
20,610
21,020

Repurchase
agreements

50
5
61

Discounts
and
advances

Float

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Treasury

Foreign

Other

Other
Federal
Reserve
accounts

Member bank reserves

Total

Required

Excess

150
105
144
124
545

1,213
978
822
1,041
743

3
3
3
3
3

22,083
21,487
21,682
21,778
22,373

22,706
22,632
22,502
22,458
22,421

4,634
4,634
4,635
4,635
4,637

27,745
27,564
27,315
27,131
27,026

,296
,301
,296
,297
,297

642
407
178
175
617

904
860
862
846
852

422
385
254
366
321

731
746
744
743
741

17,683
17,491
18,170
18,312
18,578

16,508
16,424
17,256
17,599
18,086

1,175
1,067
914
713
492

880
890
911
687

864
879
858
847

361
445
381
386

736
735
733
732

18,870
18,843
19,100
18,814

18,291
18,226
18,322
18,280

579
617
778
534

492
343
552
798

824
884
867
875

360
264
271
502

726
722
734
734

18,996
19,196
19,545
19,118

18,337
18,390
18,682
18,594

659
806
863
524

Feb.

7
14
21
28

21,552
21,780
21,842
21,760

21,489
21,724
21,842
21,760

63
56

415
356
188
362

1,163
1,175
1,518
1,018

4
4
4
4

23,133
23,315
23,552
23,144

22,349
22,303
22,208
22,138

4,638
4,637
4,637
4,638

27,109
27,168
27,132
27,171

1,300
1,294
1,283
1,283

Mar

7
14
21
28

22,034
22,266
22,402
22,403

22,033
22,266
22,402
22,374

244
171
111
374

1,014
888
1,371
1,139

4
4
4
4

23,296
23,328
23,888
23,921

21,994
21,943
21,890
21,856

4,640
4,639
4,638
4,638

27,230
27,220
27,163
27,097

1,301
1,281
1,283
1,289

Apr.

4
11
18
25

22,892
23,058
23,086
22,975

22,822
23,058
23,086
22,975

280
109
118
148

837
771
976
912

6
5
5
5

24,015
23,943
24,184
24,041

21,805
21,806
21,806
21,807

4,640
4,640
4,640
4,640

27,123
27,181
27,196
27,152

1,297
1,293
1,287
1,291

995
493
551
704

847
828
836
887

383
400
399
380

742
752
752
754

19,073
19,443
19,610
19,318

18,387
18,511
18,557
18,503

686
932
1,053
815

May

2
9
16
23 ...
30

22,746
22,515
22,402
22,431
22,308

22,746
22,504
22,333
22.378
22,265

267
551
560
249
448

698
731
827
1,051
696

5
5
5
5
5

23,716
23,802
23,794
23,734
23,458

21,799
21,755
21,755
21,755
21,755

4,643
4,643
4,643
4,642
4,642

27,237
27,322
27,330
27,288
27,350

1,292
1,291
1,293
1,289
1,290

638
633
654
641
620

913
908
916
884
873

367
346
339
378
342

728
696
696
696
694

18,983
19,004
18,965
18,955
18,686

18,469
18,334
18,282
18,307
18,253

514
670
683
648
433

June 6
13
20
27

22,625
22,779
22,874
22,802

22,572
22,779
22,874
22,802

53

241
132
113
211

708
798
1,169
1,022

5
5
6
6

23,580
23,714
24,162
24,041

21,756
21,756
21,755
21,755

4,644
4,646
4,647
4,649

27,523
27,532
27,510
27,524

1,297
1,287
1,285
1,279

219
188
181
568

883
925
913
948

277
221
256
231

687
685
759
772

19,095
19,278
19,661
19,123

18,271
18,350
18,611
18,562

824
928
1,050
561

July

4
11
18
25 ...

22,968
23,069
23,092
23,062

22,924
22,998
23,035
22,993

44
71
57
69

214
241
156
165

877
942
1,157
1,202

6
6
6
6

24,065
24,258
24,410
24,436

21,756
21,756
21,757
21,758

4,654
4,654
4,656
4,657

27,847
28,000
27,851
27,758

1,285
1,285
1,291
1,294

241
237
444
543

867
874
867
878

243
233
285
352

767
766
767
766

19,226
19,274
19,318
19,259

18,589
18,467
18,460
18,460

637
807
858
799

Aug

1
8
15
22
29

23,060
23,148
23,157
23,122
23,072

22,988
23,029
23,039
23,039
23,039

72
119
118
83
33

249
359
217
171
338

877
758
830
1,095
747

6
6
6
6
6

24,193
24,271
24,211
24,393
24,162

21,759
21,759
21,794
21,800
21,800

4,660
4,663
4,666
4,667
4,668

27,806
27,912
27,930
27,954
27,970

1,300
1,294
1,283
1,285
1,286

547
413
425
498
570

845
844
895
839
772

347
308
189
305
277

714
721
720
718
718

19,052
19,201
19,227
19,260
19,038

18,446
18,427
18,471
18,513
18,473

606
774
756
747
565

..

23,116
23,129
23,193
23,297

23,054
23,055
23,105
23,264

62
74
88
33

462
460
328
195

670
874
1,380
1,202

6
6
5
5

24,254
24,469
24,905
24,698

21,846
21,853
21,876
21,967

4,672
4,673
4,674
4,675

28,177
28,270
28,202
28,151

1,292
1,286
,283
,278

455
389
585
657

761
802
745
754

311
294
287
254

716
714
720
729

19,061
19,241
19,634
19,519

18,437
18,490
18,784
18,850

624
751
850
669

3
10
17 ...
24
31

23,814
24,109
23,909
23,714
23,559

23,639
24,109
23,909
23,714
23,559

175

190
71
75
126
273

991
937
1,050
1,316
805

5
5
5
5
5

25,000
25,121
25,039
25,161
24,641

22,013
22,032
22,097
22,122
22,205

4,679
4,680
4,681
4,683
4,684

28,285
28,394
28,457
28,370
28,363

,285
,282
,236
1,280
1,285

775
438
316
471
537

720
719
746
679
596

300
266
383
249
272

740
751
794
851
831

19,586
19,982
19,835
20,065
19,646

18,829
18,867
18,874
19,033
19,080

757
1,115
961
1,032
566

23,509
23,405

23,509
23,405

282
423

852
914

4
4

24,647
24,747

22,255
22,283

4,686
4,687

28,497
28,578

1,287
1,285

412
401

573
623

308
304

778
778

19,732
19,749

19,025
18,957

707
792

Sept. 5
12
19
26
Oct

Nov

14
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

29
70

11
69
53
43

a
i

189
387

1 434
1,149

4
4

24959
24784

22 304
22,332

4688
4691

28 608
28 711

1 284
1 289

431
478

575
568

279
262

775
775

20 000
19724

19 139
19 095

861
629

691
730
397
551

881
955
1 631
1,916

4
4
4
5

24815
25 003
25 366
25 859

22 375
22,381
22 455
22 545

4697
4699
4701
4703

28 830
29002
29 148
29401

1 290
1 287
1 272
1 269

456
369
59
250

572
541
538
560

261
248
241
266

772
111
794
828

19706
19 866
20471
20 533

19 171
19228
19 605
19 718

535
638
866
815

748
238
217
146
221

1,283
1 266
951
1 141
797

5
5
4
4
4

25 848
25094
24442
24362
23 839

22,685
22761
22 786
22 843
22923

4707
4706
4708
4711
4712

29 233
28 984
28 660
28 460
28 324

1
1
1
1
1

279
273
280
279
289

251
76
153
20
175

627
518
522
504
482

292
236
244
193
229

793
744
744
743
743

20 765
20730
20 331
20 716
20232

19 666
19 got
19 479
19 554
19487

1 099
1 129

286
374
414
331

757
765
1 125
957

5
5
5
5

23 739
23 680
23 949
23 897

22 970
23 008
23 051
23 082

4717
4717
4719
4*722

28 396
28422
28 395
28 393

1
1
1
I

317
280
296
287

102
129
519
559

451
449
467
482

358
306
323
365

740
740
740
735

20061
20077
19979
19 881

19402
19 334
19 286
19*214

462
549
186
151

900
869
1 153
960

5
5
5
5

23 891
23 957
24' 101
23 876

23 193
23 291
23 291
23,291

4725
4 726
4728
4730

28465
28 497
28 449
28 344

1
1
1
1

290
292
279
279

573
707
250
24

580
587
551
535

284
325
289
238

756
786
792
804

19 861
19 780
20510
20673

19 172
19 113
19435
19 543

22,531
22 511
22,483
22,407
22,371

228
176
368
413
578

719
769
1,062
1,116
736

5
5
5
5
5

23 484
23 462
23 919
23,941
23 690

23,290
23 291
23 293
23,295
23 295

4733
4736
4737
4*737
4738

28 438
28 510
28 529
28 403
28 400

1
1
1
1
1

275
272
274
286
280

148
289
437
832
742

553
565
568
540
530

236
241
413
357
316

809
827
826
825
793

20049
19 784
19902
19731
19 663

19274
19 135
19 136
19 128
19 103

775
649
766
603
560

22 340
22,325
22 308
22,273

22,340
22,325
22308
22,373

647
609
358
517

689
753
1 Oil
825

5
5
5
5

23 681
23693
23 682
23 619

23 297
23,297
23 298
23,297

4738
4739
4739
4740

28 525
28 541
28 515
28 560

1
1
1
1

279
284
284
276

606
576
493
534

493
526
523
584

316
293
298
283

748
746
742
745

19 750
19762
19 865
19*674

19 117
19 062
19 175
19 166

633
700
690
508

June 4
11
18
25

22,311
22420
22,744
22 707

22,273
22273
22,542
22 704

38
147
202
3

927
846
300
198

779
823
1,098
1 099

5
5
5
5

24022
24094
24 147
24008

23,296
23 296
23,297
23 311

4747
4749
4751
4752

28 787
28 856
28 825
28 787

1
1
1
1

280
279
282
284

562
550
257
27

597
603
605
599

317
253
209
227

743
743
764
792

19 779
19 855
20256
20 355

19
19
19
19

185
199
473
655

594
656
783
700

July

2
9
16
23
30

22 831
22,833
22 803
22,740
22 788

22708
22,645
22 605
22,576
22 602

123
188
198
164
186

754
1 021
1 115
1 153
1 257

760
906
912
1,040
783

5
5
5
5
5

24 350
24765
24834
24938
24 832

23 346
23,347
23 348
23,349
23 350

4754
4755
4755
4756
4758

29010
29 190
29 072
28 944
28 882

1
1
1
1
1

282
257
269
269
281

267
36
180
480
549

588
580
674
726
771

236
259
295
307
272

793
798
798
797
777

20275
20 746
20649
20 520
20408

19 680
20044
19959
19 891
19 831

595
702
690
629
577

Aug 6
13
20
27

22 867
23,069
23,038
23,044

22,728
23,023
23,032
23,035

139
46
6
9

1 273
935
835
1 093

683
680
875
712

5
5
5
5

24828
24689
24,752
24 854

23 350
23,348
23,343
23,343

4762
4764
4,764
4767

29005
29 065
29071
29087

1 284
1 276
1,271
1 276

551
378
468
595

711
802
776
824

299
222
218
211

722
719
721
720

20368
20 338
20,336
20 185

19 734
19 687
19664
19 608

634
651
672
577

Sept

3
10
17
24

23,150
23,172
23 367
23,813

23,095
23,116
23,284
23,813

55
56
83

1 204
1,151
686
326

671
741
943
1,078

5
5
5
4

25029
25068
25 001
25,222

23 344
23,344
23 344
23,343

4773
4775
4777
4780

29 305
29 383
29 344
29 292

1 275
1,277
1 275
1,273

574
480
136
59

814
781
803
747

290
268
216
213

718
716
723
725

20 171
20283
20 626
21,036

19 584
19 532
19 771
19942

587
751
855
1,094

Oct.

1
8 ....
15
22
29

23,694
23 663
23,692
23 665
23,624

23,694
23,663
23,663
23 663
23,624

29
2

543
978
1 232
939
1 183

738
782
827
1 309
882

5
4
4
4
4

24980
25427
25 755
25 917
25 693

23,342
23 341
23,341
23 340
23,340

4783
4 787
4 787
4789
4790

29363
29 516
29 611
29 575
29'516

1,275
1 274
1 273
1 276
1 281

541
629
393
467
657

710
719
682
690
667

193
229
282
246
274

747
882
881
880
879

20,277
20 307
20761
20912
20548

19781
19 635
20049
20 171
20014

496
672
712
741
534

Nov. 5
12
19
26

23,560
23,606
23,601
23,673

23,494
23,492
23,493
23,569

66
114
108
104

1 611
1,580
1 453
U501

695
838
1 139
1,071

4
4
4
4

25 870
26,028
26 196
26249

23,339
23,339
23 338
23,337

4793
4,794
4796
4797

29 670
29 844
29 890
29959

1 276
1,277
1 283
1 280

785
680
609
468

645
649
716
704

313
283
300
295

805
805
803
803

20 509
20,623
20728
20,874

19937
19,911
20011
20301

572
712
717
573

3
10
17
24
31

23,861
24084
24,375
24,556
24,785

23,633
23,733
23,860
23,984
24,019

228
351
515
572
766

1,718
1 797
1,545
1,480
1 734

980
993
1,145
1,709
1,307

4
4
4
4
4

26,563
26879
27,069
27,748
27830

23,337
23,337
23,328
23,228
23,186

4,801
4 803
4805
4,807
4810

30235
30 346
30440
30,650
30639

1 268
1 274
1 269
1,269
1 270

483
645
372
574
658

745
751
795
727
710

212
277
327
262
351

800
801
827
861
851

20,959
20924
21 172
21,440
21 348

20,371
20 303
20461
20,618
20490

588
621
711
822
858

23,332
23,244

23,332
23,244

23239
23,314
23 334
23,387

23,239
23,239
23 285
23,255

2
9
16
23
30

23,812
23 586
23,270
23 070
22816

23,595
23 574
23,270
23 070
22,816

Feb

6. ...
13
20 .
27

22691
22,537
22406
22604

22 691
22,537
22406
22,604

Mar

5
12
19
26

22524
22 535
22,758
22,760

22,524
22 515
22,740
22,760

Apr. 2
9
16
23
30

22,531
22 511
22483
22,407
22 371

May 7
14
21
28

21..
28
Dec

5
12
19
26

..

75
49
132

1952
Jan.

Dec.

For notes see Part A of this table.

Digitized for FRASER


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

217
12

20
18

852
1 162

745
659
743
693
667
689
667
1 075

1 130

ES

i
3

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued

C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70Continued


[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Week ending

Discounts
and
advances

Float

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

dd

Deposits, other than


member bank reserves,
with F. R. Banks

Total

Bought
outright

Repurchase
agreements

1953
7
14
21.
..
28

24,525
24,300
24,095
23,996

24,033
24,033
24,033
23,996

492
267
62

1 ,508
1,500
1,171
1,204

1,049
979
1,210
913

4
4
4
4

27,086
26,783
26,480
26,117

23,165
23,137
23,087
23,065

4,813
4,814
4,814
4,814

30,324
30,017
29,801
29,641

1,280
1,274
1,277
1,279

559
563
418
561

557
649
622
626

416
383
439
387

Feb.

4
11
18
25

23,959
23,946
23,944
23,852

23,888
23,888
23,888
23,852

71
58
56

1,582
1,501
1,286
1,106

708
684
844
981

4
4
4
4

26,253
26,135
26,078
25,942

22,971
22,869
22,773
22,713

4,819
4,820
4,821
4,821

29,680
29,716
29,736
29,690

1,314
1,314
1,297
1,281

767
569
401
443

580
551
527
483

Mar

4
11
18
25

23,871
23,852
23,923
23,985

23,852
23,852
23,868
23,985

19
55

1,190
1,429
1,318
939

929
865
1,085
892

4
4
4
4

25,994
26,150
26,329
25,819

22,662
22,612
22,612
22,598

4,823
4,824
4,825
4,826

29,788
29,805
29,797
29,674

1,289
1,294
1,297
1,300

394
424
286
19

1
g
15
22
29

,23,813
23,878
23,879
23,852
23,841

23,813
23,806
23,806
23,806
23,806

72
73
46
35

1,158
1,366
1,254
1,057
1,186

747
936
792
1,006
681

4
4
4
4
3

25,721
26,184
25,929
25,919
25,711

22,562
22,562
22,562
22,562
22,562

4,826
4,828
4,830
4,834
4,835

29,712
29,826
29,787
29,766
29,744

1,296
1,297
1,280
1,273
1,274

May 6
13
20
27

23,871
23,855
23,925
24,075

23,806
23,820
23,873
23,934

65
35
52
141

1,140
1,323
855
627

701
689
936
730

4
4
4
4

25,715
25,871
25,720
25,435

22,562
22,562
22,561
22,554

4,840
4,841
4,844
4,845

29,856
29,904
29,856
29,818

June 3
10
17
24.

24,191
24,446
24,961
25,188

24,035
24,431
24,933
25,188

156
15
28

634
553
403
291

658
639
842
986

4
4
3
3

25,486
25,641
26,209
26,469

22,537
22,537
22,512
22,508

4,849
4,850
4,851
4,851

15
22
29

24,667
24,954
24,964
24,964
24,964

24,658
24,902
24,964
24,964
24,964

9
52

441
409
240
391
624

662
721
663
920
678

3
3
3
3
3

25,773
26,087
25,870
26,278
26,269

22,480
22,442
22,402
22,354
22,276

12
19
26

24,964
24,964
24,992
25,014

24,964
24,964
24,967
24,989

628
847
752
496

606
572
807
659

3
3
3
3

26,200
26,386
26,554
26,172

Sept

2.
9
16 . . . .
23
30 . . . .

25,073
25,137
25,195
25,142
25,229

24,992
25,017
25,045
25,125
25,229

81
J20
150
17

506
802
541
227
318

624
631
758
1,023
726

3
3
3
3
3

Oct

7
14
21
28

25,320
25,360
25,348
25,348

25,317
25,349
25,348
25,348

3
11

415
499
250
299

714
671
1,109
741

Nov. 4
11

25,362
25,396

25,355
25,215

7
181

467
403

694
621

Jan

Apr

00

July

.. .

Digitized for FRASER


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

25
25

Treasury

Foreign

Other
Federal
Reserve
accounts

Member bank reserves

Excess

Total

Required

776
776
775
775

21,153
21,071
21,049
20,727

20,429
20,269
20,262
20,132

724
802
787
595

383
350
321
334

770
770
798
836

20,548
20,556
20,592
20,409

19,988
19,905
19,902
19,828

560
651
690
581

509
551
563
495

302
368
403
406

832
830
839
852

20,365
20,314
20,581
20,498

19,798
19,758
19,948
19,893

567
556
633
605

156
410
358
396
432

520
568
551
583
559

371
532
357
295
410

854
868
867
865
854

20,201
20,072
20,121
20,136
19,837

19,688
19,505
19,500
19,525
19,369

513
567
621
611
468

1,278
1,279
1,279
1,278

436
416
289
337

515
550
636
522

426
404
384
289

781
780
779
777

19,825
19,940
19,904
19,814

19,369
19,309
19,284
19,275

456
631
620
539

29,954
30,037
30,018
29,966

1,279
1,280
1,275
1,268

205
25
14
14

519
549
599
577

194
201
218
201

830
902
925
960

19,891
20,034
20,523
20,843

19,280
19,350
19,625
19,690

611
684
898
1,153

4,853
4,854
4,853
4,853
4,853

30,063
30,267
30,257
30,122
30,031

1,264
1,262
1,259
1,268
1,264

144
413
539
629
629

551
494
556
548
544

188
160
188
233
356

957
949
948
948
931

19,939
19,838
19,377
19,736
19,644

19,393
19,046
18,190
19,122
19,046

546
792
1,187
614
598

22,263
22,227
22,228
22,228

4,857
4,858
4,859
4,862

30,124
30,178
30,181
30,138

1,269
1,273
1,277
1,273

563
657
793
626

563
539
598
520

368
349
391
402

861
860
860
861

19,572
19,616
19,541
19,441

18,981
18,907
18,895
18,818

591
709
646
623

26,207
26,573
26,496
26,395
26,276

22,185
22,178
22,178
22,178
22,171

4,863
4,866
4,866
4,868
4,870

30,219
30,376
30,430
30,294
30,238

1,272
1,270
1,270
1,272
1,279

592
710
422
409
615

518
568
558
520
510

350
382
395
247
400

862
860
866
882
882

19,442
19,450
19,600
19,818
19,393

18,840
18,751
18,844
18,900
18,831

602
699
756
918
562

3
3
3
3

26,452
26,533
26,710
26,391

22,128
22,128
22,085
22,077

4,872
4,873
4,873
4,874

30,345
30,437
30,373
30,300

1,277
1,277
1,266
1,273

590
525
550
518

494
470
439
451

380
459
398
390

900
899
898
896

19,466
19,466
19,744
19,515

18,791
18,710
18,823
18,779

675
756
921
736

3
3

26,526
26,422

22,077
22,077

4,877
4,878

30,404
30,499

1,281
1,067

651
467

452
444

440
439

802
805

19,450
19,655

18,854
18,888

596
767

Other

Dec

3
2

26341
26,354

22077
22,027

4878
4,879

30546
30,558

782
783

430
511

433
414

445
384

806
806

19 854
19 803

19 122
19 164

732
639

3
2
2
2
2

26,393
26647
26,848

22,027
22027
22028
22028
22029

4,881
4 883
4 884
4 885
4 887

30,759
30872
30,942
31 086
31 051

775
775
770
758
763

491
521
381
921
652

436
450
501
462
471

378
369
343
438
406

826
879
896
937
938

19 637
19 691
19926
20 032
20 121

19 100
19 081
19232
19 284
19 308

537
610
694
748
813

22029
22030
22023
22*006

4891
30721
30457
4890
4890
30 199
4 890 29999

769
771
773
788

328
334
12
46

431
469
449
466

525
444
425
322

838
837
834
832

20 194
19978
20 566
20 374

19
19
19
19

367
199
292
236

1 274
1 138

4 898
4 900
4904
4905

29965
29 941
29 915
29 836

799
807
811
815

405
589
627
558

450
458
488
461

372
371
503
448

830
829
864
912

19
19
19
19

487
659
569
569

19
18
18
18

059
986
916
867

428
673
653
702

4911
4916
4919

817
818
816
806

517
566
242
487

481
460
530
505

413
385
289
317

909
908
912
918

19 382
19 441
19 744
19 697
19,492

18 831
18 765
19 018
19 017
18,759

551
676
726
680
705

25,087
25,005

24957
24,963

130
42

407
500

844
847

25,054
25 252
25,553
25 823
26,052

25,003
25 084
25,207
25 303
25,318

51
168
346
520
734

612
678
449
518
226

725
714
844
1 377
1,206

25 786
25438
25 316
24958

25 318
25 318
25 316
24958

468
120

111
155
87
91

987
775
940
880

2
2
2
2

24662
24869
24895
24723

24654
24803
24 806
24723

8
66
89

226
375
316
215

558
552
702
796

2
2
2
2

24,523
24676
24633
24621
24,649

24,523
24662
24629
24597
24,636

14
4
24
13

282
256
186
177
190

738
684
689
766
703

2
2
2
2
2

24632
24643
24 632
24 632

24 632
24 632
24632
24632

11

153
156
141
148

583
597
955
672

2
1
1
1

24632
24632
24640
24 709

158
184
143
164

634
541
739
638

25426

26

24632
24652
24 659
24709

2 ....
9
16
..
23
30

24812
24,960
24955
25,018
25 113

24 812
24,960
24955
24,986
24980

216
170
142
194
157

613
670
665
920
630

25 642
25 764

28

25 082
24912
24765
24517

25 038
24912
24765
24517

71
68
73
168

4 ...
11
18 ...
25

24 325
24040
23 980
23 813

24325
24 023

....

18
25

16

23
30

27 721
27,486

1954
Jan

6
13

20
27

Feb.

10
17

24
Mar. 3
10

17
24
31

Apr

7
14

21
28

May

June

July

5
12
19

14
21

Aug

20
19

32
133
44

23 8-76
23 747

17
104
66

23 845
23 977

93
36

26 886
26370

26 344
25 930

963
956
957
957

25 735

21
21
21
21

25,545

21,958

25 617
25 509
25 565

21 960
21 963
21 964
21 '965

4923
4,928

29895
29916
29 859
29 722
29,663

809

670

486

399

918

21
21
21
21

965
966
967
968

4933
4'938
4945
4946

29
29
29
29

780
817
780
652

819

526

507

399

823
831
827

650
680
495

503
461
456

379
574
388

936

21
21
21
21

969
970
971
972

4950
4952
4955
4957

29738
29 810
29*769
29 707

826
829
838
829

586
453
551
397

503
572
532
500

966
924
925
926
926

4958
4958
4 957
4955
4956

29 874
29 928
29 870
29,793
29 813

827
823
813
806
812

452
342
341
757

25 901

21
21
21
21
21

675
710
833
590

25 829
25 691
25 673
25 277

21
21
21
21

927
929
931
924

4959
4958
4958
4 959

30066
30099
29932
29 815

175
287
229
178

653
598
723
698

25 154
24*925
24933

21
21
21
21

908
901
858
858

4960
4959
4960
4961

576
598
714
977
627

24 699
24 759
24 939

837
809
809
810
810

25447

25 798
25916

25,544

25 370
25 397
25 730
25453

25 379
25 542
25 512
25*802
26,134

24 690

935
933
920

300
194
384
630

18
18
18
18

595
595
612
654

599
772
976

351
370
411
437

850
848
862
880

19490
19 418
19 506
19 690

18
18
18
18

769
708
785
924

721
710
721
766

1 010

521
549
549
547
579

458
358
227
296
384

878
877
910
998
996

19
19
19
19
19

555
805
934
818
igg

18
18
19
18
18

912
885
043
958
349

643
920
891
860
839

821
811
807
806

464
392
499
551

588
765
651
569

413
359
428
420

986
986
983
963

19 377
19 166
19*261
19 036

18 419
18 404
18*356
18 347

958
762
905
689

29 890
29 932
29 919
29 850

802
803
805
807

742
584
558
566

526
544
579
557

455
430
452
450

908
905
914
927

18
18
18
18

698
586
525
353

17 666
17*688
17*662
17 627

1 032

4 962
4965
4 967
4967
4 968

29 887
30046
30 073
29 969
29 888

551
479
558
446
652

465
518
559
514
511

516
428
432
435
437

926
923
925
934
933

18
18
18
18
18

346
336
373
596
250

17 603
17 556
17 594
17 691
17 663

898
863
726
743
780
779
905
587

676
594
570
567

484
466
443
442

452
472
440
411

948
950
950
949

18
18
19
18

756
832
136
895

17
18
18
18

894
201
269
224

862
631
867
671

810
364
306
205

18
18
18
18

233
244
423
524

24035

29

23 789
23 868

185
147
189
141
191

24 687

21
21
21
21
21

6
13
20
27

24492
24 606
24,487
24 381

24492
24581
24,456
24381

179
259
284
257

667
599
927
721

25 338
25 465
25 699
25 360

21
21
21
21

810
810
788
759

4 971
4972
4973
4973

30 010
30 143
30 125
30028

808
802
795
793
795
793
790
796
801

Nov. 3
10
17
24

24464
24,754
24 685
24,553

24448
24,745
24685
24,553

16
9

355
211
271
300

617
669
751
1 046

25 436
25 701
25 708
25 900

21
21
21
21

759
752
709
709

4976
4977
4978
4980

30088
30206
30262
30 318

806
796
799
800

669
362
397
576

432
423
425
409

472
394
324
399

895
886
883
882

18
19
19
19

1
8

24,722
24891
24919
24928
24918

24,715
24889
24888

7
2
31
40
30

498
465
442
311
377

698
724
810
1 373
1 138

25 918

21 710
21 710

30466
4982
30623
4982
4 982 30 755
30885
4982
4 982 30 828

806
806
812
800
801

605
535
363
345
453

396
361
405
443
523

405
408
398
346
295

881
877
891
975
976

19052
19 162
19 241
19 512
19 250

1
8

15
22

Oct

Dec.

15
22

29

24 888
24 888

For notes see Part A of this table.

Digitized for FRASER


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

25
31

24*908

26080

26 172
26612
26433

21 711
21 712
21 712

733

19
19
19
19

23 938
24013
24035
23 789
23 868

Sept

827
779

18464
18 444
18 555
18 690
18 630

577
1 120

883
681
588
718
686
822
620

w
w
w

Z!

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Week ending

Discounts
and
advances

All
other 3

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Total

Bought
outright

Repurchase
agreements

24,918
24,532
24,155
23,683

24,874
24,511
24,128
23,671

44
21
27
12

372
504
445
453

885
756
881
806

1
1

26,176
25,792
25,482
24,942

21,712
21,713
21,714
21,714

4,984
4,984
4,985
4,985

30,501
30,361
30,079
29,866

804
814
818
827

449
378
275
272

527
493
516
422

413
409
413
280

21,714
21,715
21,715
21,716

4,988
4,988
4,989
4,990

29,767
29,794
29,782
29,771

834
827
824
825

431
472
399
490

441
447
486
390

Float

Total

Treasury

Foreign

Member bank reserves


Other
Federal
Reserve
accounts

Excess

Total

Required

916
905
902
901

19,263
19,130
19,176
19,074

18,580
18,436
18,383
18,429

683
694
793
645

419
480
458
486

899
895
913
959

18,952
19,000
18,806
18,716

18,361
18,272
18,236
18,108

591
728
570
608

Other

1955
Jan.

5
12
19
26

Feb

2
9
16
23

23,852
24,016
23,908
23,732

23,844
23,902
23,827
23,732

8
114
81

524
555
387
395

666
640
668
804

1
1

25,042
25,212
24,964
24,932

Mar 2
9
16
23
30

23,604
23,604
23,606
23,664
23,604

23,604
23,604
23,604
23,604
23,604

2
60

490
479
483
630
745

797
789
719
1,032
677

1
1
1
1

24,892
24,873
24,809
25,327
25,028

21,716
21,717
21,717
21,718
21,719

4,995
4,995
4,995
4,995
4,997

29,796
29,819
29,833
29,793
29,716

827
828
817
818
826

575
548
356
887
1,000

324
364
422
339
338

481
476
358
435
490

957
955
957
964
964

18,642
18,596
18,779
18,804
18,408

18,089
18,018
18,149
18,123
17,918

553
578
630
681
490

..

23,643
23,682
23,604
23,604

23,604
23,604
23,604
23,604

39
78

613
662
521
544

656
801
1,031
861

7
14
19
21

24,918
25,159
25,175
25,031

21,719
21,669
21,670
21,671

4,997
4,996
4,997
4,998

29,831
29,940
29,793
29,686

821
812
820
813

559
325
483
541

344
349
419
367

492
553
454
438

976
979
978
978

18,611
18,868
18,895
18,877

18,055
18,214
18,253
18,260

556
654
642
617

23,666
23,839
23,687
23,513

23,613
23,702
23,664
23,513

53
137
23

544
374
317
427

743
696
888
880

17
15
15
14

24,971
24,924
24,908
24,834

21,671
21,671
21,672
21,673

4,999
4,999
4,999
4,999

29,767
29,859
29,877
29,826

815
811
821
818

675
280
310
437

360
363
417
394

443
442
377
421

923
920
924
937

18,659
18,920
18,853
18,673

18,201
18,176
18,207
18,192

458
744
646
481

23,603
23,683
23,588
23,554
23,554

23,600
23,683
23,588
23,554
23,554

612
533
558
348
456

772
812
793
1,137
789

14
17
17
16
16

25,001
25,044
24,956
25,055
24,815

21,674
21,675
21,676
21,676
21,677

5,001
5,002
5,001
5,001
5,001

29,961
30,059
30,058
30,035
30,021

823
835
832
818
814

582
440
304
213
323

400
387
434
408
425

478
416
387
278
275

936
935
940
981
981

18,496
18,648
18,678
18,998
18,653

18,063
18,036
18,099
18,301
18,164

433
612
579
697
489

11
14

688
685
357
439

858
913
1,118
915

16
16
14
12

25,265
25,571
25,432
25,506

21,678
21,679
21,680
21,681

5,003
5,003
5,003
5,002

30,299
30,416
30,287
30,157

814
803
793
798

420
440
416
480

367
425
460
439

468
419
415
403

970
971
970
967

18,609
18,779
18,774
18,945

18,085
18,047
18,209
18,386

524
732
565
559

....

Apr. 6
13
20
27
May

4
11
18
25

June 1
8
15
22
29

....

....

July

6
13
20
27

23,703
23,957
23,943
24,140

23,692
23,943
23,943
24,035

Aug

3
10
17
24
31

24,044
24,055
23,891
23,796
23,761

23,982
23,983
23,891
23,796
23,761

62
72

781
888
796
724
770

802
627
794
891
671

11
14
15
15
15

25,638
25,584
25,495
25,425
25,217

21,682
21,682
21,682
21,682
21,682

5,003
5,003
5,003
5,005
5,005

30,237
30,285
30,336
30,288
30,268

803
800
797
803
803

638
646
507
594
479

422
434
474
415
399

412
396
400
393
394

900
885
910
946
946

18,910
18,824
18,757
18,673
18,614

18,320
18,163
18,155
18,100
18,130

590
661
602
573
484

Sept 7
]4
21
28

23,826
23,813
23,564
23,598

23,761
23,744
23,564
23,587

65
69

865
918
768
901

687
826
1,263
960

24
21
18
19

25,401
25,577
25,613
25,478

21,682
21,682
21,683
21,683

5,005
5,006
5,006
5,006

30,436
30,520
30,401
30,323

806
803
794
787

447
431
579
693

379
419
377
370

393
400
394
386

943
942
990
990

18,685
18,750
18,767
18,618

18,111
18,142
18,191
18,134

574
608
576
484

Oct

5
12
19
26

23,844
23,911
24,021
23,973

23,727
23,792
23,916
23,973

117
119
105

843
909
1,041
771

816
874
1,088
985

2l
*
*' 20
19
19

25,525
25,714
26,169
25,747

21,684
21,684
21,685
21,685

5,007
5,007
5,007
5,009

30,428
30,552
30,621
30,498

791
^ 788
111
778

525
514
534
496

381
383
391
381

390
429
409
387

999
1,011
1,010
1,010

18,700
18,728
19,119
18,891

18,189
18,175
18,494
18,433

511
553
625
458

Nov

2
9

23,995
24,024

23,995
24,024

943
1,144

793
776

18
19

25,748
25,963

21,686
21,686

5,009
5,009

30,528
30,657

772
774

500
571

408
384

385
433

951
939

18,898
18,899

18,421
18,343

477
556

Digitized for FRASER


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

....
....

105

11

16
23
30

24,068
23,888
24,001

24,018
23,888
23,903

98

1,173
816
973

1,013
1 486
1,019

18
18
18

26,272
26208
26,012

21,686
21 687
21,688

5,008
5 008
5,008

30,794
30 824
30,963

774
783
781

613
532
439

400
395
399

564
399
398

938
935
935

18,883
19 036
18794

18,302
18 468
18,381

581
568
413

Dec

7
14
21
28

24,364
24,589
24,588
24,767

24,039
24,443
24,375
24,385

325
146
213
382

935
878
747
753

957
941
1,746
1,875

18
19
19
26

26,274
26,428
27,101
27,420

21,688
21,689
21,689
21,690

5,008
5,007
5,008
5,008

31,070
31,244
31,364
31,415

780
786
772
774

483
337
401
523

424
446
469
497

413
372
336
410

931
989
1 010
1,012

18 869
18,950
19446
19,487

18,411
18,488
18,792
18,804

458
462
654
683

Jan

4
11
18
25

24,785
24,308
23,804
23,517

24,391
24,191
23,802
23,517

394
117
2

584
801
921
814

1 539
1,242
1,125
1 128

28
24
22
21

26936
26,375
25,872
25,480

21 690
21,691
21,692
21,692

5008
5,008
5,008
5,009

31,153
30,914
30,632
30,361

773
782
786
793

356
244
360
385

438
423
417
388

513
334
321
318

939
923
920
919

19464
19,453
19,136
19017

18 887
18,725
18,543
18,494

577
728
593
523

Feb

1
8
15
22
29

23,416
23423
23,349
23,389
23,435

23,414
23 423
23,349
23,333
23,384

2
56
51

999
822
976
622
758

814
840
832
1,333
880

19
18
17
16
16

25,248
25 104
25,174
25,360
25,089

21,693
21 693
21,694
21,694
21,695

5,009
5010
5,010
5,011
5,012

30,223
30219
30,247
30,210
30,181

798
796
800
794
792

464
406
428
557
542

369
365
377
362
354

343
331
400
366
306

919
917
932
1,026
1,025

18834
18 773
18 693
18,749
18 596

18,350
18 230
18,144
18,175
18 137

484
543
549
574
459

Mar 7
14
21
28

23,518
23,505
23,508
23,508

23,426
23,410
23,405
23,495

92
95
103
13

749
975
934
1,197

835
812
1 297
941

16
16
15
15

25,118
25,308
25,754
25,661

21,695
21,717
21,713
21,715

5,011
5,011
5,013
5,015

30,202
30,276
30,264
30,249

783
779
783
787

461
564
489
599

360
360
333
341

327
346
336
317

1,023
1,021
1,069
1,069

18 670
18,691
19 204
19,028

18,137
18,182
18 587
18,455

533
509
617
573

4
11
18
25

23,634
23,521
23,399
23,282

23,587
23,518
23,377
23,282

47
3
22

986
1,119
1,109
1,061

1,022
826
973
1,017

15
16
16
14

25,658
25,481
25,497
25,374

21,716
21,727
21,741
21,742

5,017
5,016
5,018
5,019

30,321
30,300
30,290
30,155

784
782
785
782

560
508
531
569

347
328
347
335

444
307
313
331

1,075
1,082
1,081
1,078

18,860
18,917
18,909
18 884

18,322
18,284
18,318
18 344

538
633
591
540

May 2
9
16
23
30

23,299
23,352
23,279
23,210
23,412

23,243
23,252
23,226
23,200
23,359

56
100
53
10
53

1,089
1,114
1,066
946
732

864
844
937
1,139
835

15
15
16
15
17

25,266
25,325
25,298
25,310
24,995

21,743
21,768
21,769
21,770
21,771

5,023
5,025
5,026
5,028
5,032

30,181
30,296
30,359
30,317
30,327

786
781
789
781
785

575
555
563
594
507

338
334
378
319
297

385
321
314
310
328

998
982
980
980
984

18767
18,848
18,710
18,809
18 569

18,359
18,295
18,241
18,275
18,227

408
553
469
534
342

June 6
13
20
27

23,503
23,516
23,492
23,478

23,406
23,491
23,492
23,452

97
25

894
747
764
756

906
970
1,507
1,369

18
17
17
18

25,320
25,251
25,779
25,621

21,782
21,796
21,798
21,799

5,032
5,033
5,033
5,033

30,505
30,542
30,541
30,485

782
779
774
781

429
398
535
570

305
332
331
297

310
299
317
290

983
982
998
1,000

18,819
1 8,749
19,116
19,030

18,217
18,233
18,500
18,435

602
516
616
595

July

4
11
18
25

23,791
23,836
23,490
23,408

23,748
23,826
23,487
23,408

43
10
3

644
880
849
573

1,231
1,169
1,412
1,393

19
18
18
19

25,685
25,903
25,769
25,393

21,806
21,826
21,827
21,828

5,032
5,031
5,031
5,032

30,765
30,923
30,808
30,632

773
770
768
773

493
437
595
556

298
309
320
288

298
290
278
267

993
990
987
994

18,902
19,040
18,869
18,744

18,430
18,285
18,240
18,187

472
755
629
557

Aug

1
8
15
22
29

23,418
23 418
23,439
23,574
23,622

23,418
23418
23,418
23,446
23,592

21
128
30

690
917
960
878
935

1,046
829
837
1,171
829

19
19
18
19
19

25,172
25,182
25,254
25,642
25,404

21,829
21,855
21,856
21,856
21,857

5,034
5035
5,036
5,037
5,041

30,575
30,633
30,681
30,654
30,618

112
769
773
778
776

519
,530
539
485
481

284
319
335
293
318

273
284
277
266
282

1,021
949
947
944
944

18,591
18 588
18,593
19,117
18,883

18,115
18,018
18,014
18,464
18,375

476
570
579
653
508

Sept 5
12
19
26

23,849
23,858
23,691
23,576

23,818
23,829
23,673
23,555

31
29
18
21

796
1,012
654
705

787
1,045
1,489
1,394

22
20
19
18

25,454
25,934
25,852
25,694

21,861
21,883
21,883
21,884

5,042
5,042
5,043
5,044

30,786
30,910
30,810
30,714

771
770
771
774

427
518
453
651

379
381
345
331

251
252
235
219

943
941
945
951

18,800
19,088
19,220
18,980

18,357
18,394
18,524
18,477

443
694
696
503

Oct. 3
10
17
24
31

23,697
23,840
23,860
23,736
23,708

23,602
23,766
23,846
23,736
23,668

95
74
14
40

810
857
714
564
674

1,067
990
1,215
1,547
1,062

18
20
20
19
21

25,593
25,707
25,810
25,866
25,466

21,884
21,906
21,910
21,909
21,909

5,046
5,046
5,047
5,048
5,051

30,769
30,880
30,953
30,864
30,795

776
770
775
111
780

551
489
388
505
539

325
405
373
293
285

214
227
429
291
292

953
958
958
956
925

18,935
18,929
18,890
19,137
18,810

18,456
18,322
18,313
18,574
18,451

479
607
577
563
359

Nov

7
14
21
28

23,824
23,940
24,033
24,202

23,766
23,882
23,959
24,110

58
58
74
92

828
945
662
631

1,084
1,040
1,543
1,514

25
29
28
27

25,762
25,954
26,266
26,374

21,909
21,910
21,910
21,910

5,054
5,056
5,055
5,056

30,963
31,141
31,269
31,355

781
773
771
772

501
446
441
436

284
321
303
307

345
397
292
252

847
845
844
843

19,004
18,996
19,311
19,375

18,443
18,377
18,701
18,754

561
619
610
621

Dec.

5
12
19
26

24,404
24,652
24,785
24,906

24,287
24,493
24,489
24,574

117
159
296
332

460
709
555
667

1,268
1,226
1,835
2,208

34
45
47
61

26,165
26,633
27,223
27,842

21,953
21,924
21,927
21,949

5,060
5,062
5,064
5,066

31,451
31,660
31,835
31,992

770
775
776
765

408
357
498
635

344
342
389
393

228
264
169
258

910
1,001
1,011
1,024

19,068
19,220
19,535
19,790

18,682
18,653
18,922
19,086

386
567
613
704

50

1956

Apr

26

I
w

C/3

HH

I
C/5

For notes see Part A of this table.

Digitized for FRASER


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

10.1

MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70^-Continued
[In millions of dollars]

03

Reserve Bank credit outstanding


U.S. Government securities
Week ending
Repurchase
agreements

Discounts
and
advances

Float

All
other3

Gold
stock
Total

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Treasury

Foreign

Total

Bought
outright

1957
2
9
16 ...
23
30 ...

24,994
24,688
24,293
23,811
23,450

24,610
24,601
24,293
23,811
23,450

384
87

925
535
348
347
528

1,537
1,539
1,278
1,446
1,078

68
48
35
32
31

27,524
26,809
25,954
25,636
25,087

21,949
21,949
21,950
21,951
22,080

5,066
5,066
5,066
5,067
5,068

31,829
31,479
31,108
30,827
30,607

111
783
786
798
809

395
352
293
199
420

374
323
320
324
329

335
287
267
268
258

6
13
20
27

23,435
23,264
22,969
22,854

23,411
23,190
22,958
22,854

24
74
11

640
741
577
713

1,040
962
1,188
1,217

30
31
30
29

25,146
24,997
24,764
24,813

22,251
22,252
22,303
22,303

5,070
5,070
5,071
5,073

30,596
30,641
30,605
30,544

817
820
815
815

534
377
173
297

333
366
307
334

Mar. 6
13
20
27

22,913
22,979
23,178
23,094

22,894
22,934
23,064
23,051

19
45
114
43

755
880
783
844

1,179
908
1,173
967

25
24
25
24

24,871
24,791
25,158
24,930

22,304
22,304
22,305
22,305

5,077
5,079
5,080
5,083

30,566
30,609
30,589
30,502

813
812
811
813

479
471
302
353

Apr. 3
10
17
24

23,189
23,262
23,282
23,237

23,040
23,040
23,146
23,169

149
222
136
68

1,074
1,230
1,244
947

877
881
967
1,484

24
27
27
26

25,165
25,400
25,520
25,695

22,306
22,307
22,313
22,317

5,086
5,088
5,089
5,092

30,589
30,655
30,681
30,610

808
814
808
791

1
15
22
29

23,169
23,213
23,083
22,915
22,930

23,169
23,125
23,033
22,915
22,901

88
50
29

730
993
975
793
903

1,168
947
948
1,341
979

26
25
24
21
21

25,093
25,177
25,031
25,070
24,833

22,318
22,318
22,319
22,320
22,406

5,094
5,095
5,096
5,098
5,102

30,499
30,589
30,654
30,645
30,660

June 5 . .
12
19 ..
26

23,110
22,972
22,930
22,951

22,950
22,925
22,880
22,888

160
47
50
63

902
1,059
1,089
1,003

954
936
,384
,320

21
21
21
21

24,987
24,988
25,424
25,294

22,620
22,621
22,621
22,622

5,104
5,106
5,106
5,106

July

3
10
17
24
31

23,098
23,443
23,319
23,342
23,360

23,031
23,260
23,252
23,235
23,084

67
183
67
107
276

1,068
1,213
1,062
739
553

,198
,111
,236
1,351
998

23
24
24
24
21

25,387
25,792
25,641
25,456
24,932

22,623
22,623
22,625
22,625
22,626

Aug

7 ...
14
21
28

23,116
23,047
23,034
23,220

23,078
23,047
23,034
23,215

38

1,060
1,161
931
915

928
874
1,227
977

20
20
20
22

25,124
25,102
25,211
25,133

23,511
23,399
23,303
23,178

23,463
23,367
23,286
23,173

48
32
17
5

832
1,031
950
1,106

858
953
1,442
1,318

27
25
23
20

23,346
23,545
23,371
23,267
23,195

23,294
23,312
23,281
23,222
23,179

52
233
90
45
16

942
1,009
992
605
710

1,000
991
1,071
1,517
1,051

23,441
23,498

23,256
23,332

185
166

824
911

943
997

Jan

Feb

May

Sept. 4
11
18
25
Oct

2
9 ..
16
23
30

Nov. 6

Digitized for FRASER


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

Member bank reserves


Other
Federal
Reserve
accounts

\
R
Excess

Total

Required

973
899
897
894
893

19,856
19,701
19,300
19,342
18,918

19,110
18,971
18,765
18,724
18,550

746
730
535
618
368

276
299
226
382

992
1,007
1,116
1,134

18,920
18,808
18,895
18,683

18,445
18,265
18,309
18,218

475
543
586
465

329
297
300
334

212
201
199
205

1,131
1,129
1,138
1,139

18,721
18,654
19,204
18,971

18,231
18,205
18,578
18,362

490
449
626
609

517
387
478
456

294
340
344
390

314
305
300
454

1,167
1,205
1,203
1,202

18,868
19,088
19,107
19,201

18,525
18,523
18,556
18,639

343
565
551
562

793
795
787
790
794

419
504
479
525
562

352
366
366
362
358

291
275
241
273
279

1,148
1,078
1,075
1,074
1,073

19,000
18,984
18,845
18,818
18,616

18,621
18,495
18,368
18,284
18,264

379
489
477
534
352

30,837
30,903
30,904
30,849

792
791
782
776

485
463
518
477

357
379
389
407

323
276
335
254

1,072
1,069
1,076
1,087

18,846
18,834
19,148
19,171

18,378
18,330
18,546
18,625

468
504
602
546

5,107
5,108
5,108
5,108
5,110

31,150
31,313
31,184
30,999
30,910

763
765
770
774
770

546
431
455
507
494

420
339
413
385
370

296
290
279
267
278

1,077
1,077
1,073
1,070
961

18,865
19,308
19,200
19,189
18,885

18,521
18,732
18,636
18,568
18,493

344
576
564
621
392

22,627
22,627
22,625
22,626

5,113
5,114
5,116
5,118

30,983
31,069
31,055
30,998

767
764
762
764

498
475
513
475

355
363
343
339

277
273
270
268

,116
,113
,203
,203

18,868
18,786
18,806
18,831

18,331
18,195
18,254
18,397

537
591
552
434

25,228
25,408
25,719
25,622

22,626
22,626
22,627
22,628

5,118
5,119
5,121
5,123

31,149
31,256
31,184
31,052

759
759
755
769

485
431
510
759

340
357
429
386

281
279
287
255

,197
,194
1,196
1,189

18,760
18,876
19,108
18,963

18,346
18,301
18,484
18,416

414
575
624
547

17
17
17
18
17

25,304
25,563
25,451
25,407
24,972

22,634
22,646
22,658
22,665
22,671

5,125
5,127
5,128
5,131
5,132

31,039
31,129
31,191
31,129
31,008

776
774
776
781
786

493
498
506
464
518

356
373
333
317
318

253
260
252
265
251

1,112
1,112
1,110
1,109
1,057

19,034
19,189
19,068
19,137
18,837

18,685
18,625
18,574
18,574
18,474

349
564
494
563
363

18
18

25,225
25,424

22,707
22,731

5,135
5,136

31,115
31,287

792
795

461
505

367
329

313
407

1,056
1,057

18,963
18,911

18,509
18,354

454
557

Other

w
oo

20
27

23,288
23,318

23,282
23,167

151

752
777

1,430
1,209

19
20

25,489
25,325

22,757
22,762

5,137
5,139

31,336
31,431

801
794

503
469

315
301

386
294

1,054
1,030

18,987
18,907

18,459
18,461

528
446

Dec.

4
11
18
25

23,732
23 886
23,907
23 950

23,480
23,574
23,600
23617

252
312
307
333

626
676
751
786

1,005
1,020
1,525
1,894

23
34
35
57

25,387
25,617
26,218
26,687

22,763
22,766
22,770
22,770

5,141
5,142
5,143
5,145

31,668
31,827
31,973
32,089

770
769
768
764

305
318
339
483

291
318
334
359

191
186
183
179

1,041
1,080
1,050
1,061

19,023
19,027
19,483
19,666

18,580
18,600
18,873
19,014

443
427
610
652

Jan.

1
8
15

23,735
23 645
23,581
23 266
23,335

609
366
139
49
37

661

22 . .
29

24,344
24011
23,720
23 315
23,372

707
580
359
295

1,550
1 328
1,039
1 230
919

67
53
50
45
46

26,623
26,100
25,390
24949
24,632

22,774
22,781
22,781
22,782
22,783

5,147
5,146
5,147
5,149
5,151

31,962
31,553
31,207
30,878
30,625

773
768
771
781
789

458
529
503
511
521

397
337
306
275
275

201
186
190
227
275

1,045
996
994
992
992

19,707
19,658
19,348
19,216
19,089

19,042
18,982
18,769
18,624
18,509

665
676
579
592
580

5
12 .
19
26

23,364
23 422
23,373
23 380

23,321
23 292
23,285
23 380

43
130
88

189
286
361
153

803
793
1 054
952

41
41
42
42

24,397
24543
24,830
24527

22,783
22,784
22,785
22,714

5,157
5 159
5,161
5 165

30,581
30,675
30,642
30,542

111
734
685
695

378
296
501
508

265
284
337
284

294
325
293
276

1,046
1,118
1,195
1,193

18,997
19,054
19,122
18,909

18,498
18,483
1 8,427
18,426

499
571
695
483

Mar 5 .
12
19
26

23 256
23466
23 500
23 552

23 251
23,432
23 480
23,518

5
34
20
34

118
131
126
167

892
816
973
983

43
44
40
40

24 309
24,456
24638
24,742

22,686
22,615
22 541
22,498

5 169
5,174
5 178
5,180

30563
30,641
30592
30,524

701
712
804
790

486
479
257
580

270
273
257
258

320
293
368
400

1,151
1,148
1,150
1,143

18,674
18,699
18,930
18,725

18,084
18,096
18,332
18,037

590
603
598
688

2
9.
16
23
30

23 625
23 628
23 633
23,712
23 626

23 625
23 628
23 611
23,704
23 612

22
8
14

144
90
199
112
125

776
879
829
990
111

41
40
40
39
38

24,586
24 638
24,701
24,854
24,566

22,394
22 294
22,199
22,081
22,024

5,184
5 187
5,192
5,193
5,194

30,637
30744
30,733
30,617
30,520

724
729
731
721
732

523
479
457
417
601

211
269
319
242
235

368
493
381
376
397

1,109
1,106
1,104
1,102
1,051

18,526
18,300
18,369
18,654
18,249

17,830
17,673
17,754
18,055
17,654

696
627
615
599
595

21
28

23 799
23,931
23 876
24,053

23 799
23,931
23 876
24,053

118
123
104
119

808
760
994
780

38
40
42
42

24,763
24,854
25,016
24,994

21,968
21,886
21,779
21,661

5,197
5,199
5,200
5,201

30,659
30,812
30,822
30,813

738
741
732
722

533
470
459
437

287
294
309
276

386
386
381
391

1,049
1,046
1,043
1,023

18,276
18,190
18,248
18,194

17,647
17,528
17,545
17,513

629
662
703
681

June 4
11
18 ...
25

24 194
24397
24682
25 002

24 194
24 391
24 581
24891

135
184
175
99

869
815
1 036
1,024

42
44
45
45

25 240
25,440
25 939
26,170

21 594
21,594
21,540
21,374

5 201
5,203
5 204
5,204

30989
31,052
31 070
30,975

709
709
698
698

411
424
459
440

238
267
331
280

484
370
359
229

1,057
1,139
1,146
1,144

18,147
18,274
18,619
18,983

17,574
17,687
17,984
18,314

573
587
635
669

July

25 422
25456
25 262
25 157
25 035

25,419
25 456
25,262
25 157
25,035

97
143
115
85
108

815
947
979
1 045
823

46
43
42
41
38

26,380
26589
26,398
26 328
26,005

21,349
21,306
21,300
21,280
21,252

5,203
5 202
5,202
5203
5,206

31,163
31,385
31,375
31,217
31,086

687
677
686
692
697

446
489
497
465
543

268
265
358
293
300

405
377
371
340
333

1,105
1,097
1,095
1,091
1,041

18,859
18,809
18,518
18,712
18,462

18,204
18,051
17,949
17,924
17,824

655
758
569
788
638

Aug. 6
13
20
27

25240
25 646
25406
25 257

25,240
25 626
25406
25 257

112
229
216
271

828
774
1,008
857

33
37
34
33

26,212
26 685
26,665
26417

21,195
21,154
21,086
21 086

5,207
5 210
5,210
5 211

31,171
31 291
21,295
31 249

696
699
696
688

662
504
528
486

291
300
259
234

350
329
301
320

1,148
1,166
1,233
1,212

18,296
18,760
18,648
18,526

17,738
18,073
18,027
17,953

558
687
621
573

Sept 3
10
17
24

25 353
25 233
25 001
24893

25 353
25,233
25 001
24893

461
514
563
433

792
883
1 049
1,203

32
31
31
30

26638
26,661
26644
26,558

21 Oil
21,012
20,939
20,895

5 211
5,213
5215
5,216

31,381
31,433
31,393
31,285

691
694
694
683

539
478
304
508

305
330
397
308

324
319
282
320

1,175
1,153
1,156
1,162

18,446
18,479
18,572
18,404

17,899
17,873
17,935
17,811

547
606
637
593

1
8
15
22
29 ...

24940
25 143
25 498
25,242
25 300

24,940
25 143
25 353
25,242
25 300

145

401
434
472
369
456

904
911
922
1,401
977

30
31
32
33
34

26,275
26 519
26,925
27,046
26,767

20,866
20,830
20,764
20,724
20,690

5,219
5219
5,220
5,220
5,221

31,217
31,352
31,498
31,435
31,299

690
691
689
681
681

448
447
386
464
512

261
299
327
308
270

387
343
412
332
321

1,123
1,119
1,121
1,117
1,080

18,234
18,318
18,475
18,652
18,515

17,774
17,753
17,989
18,086
17,993

460
565
486
566
522

5 ...
12
19 ...
26

25 459
25,660
25411
25,734

25 380
25,614
25 392
25,578

79
46
19
156

403
470
453
430

796
934
1,188
1,199

36
35
34
36

26,694
27,100
27,087
27,399

20,679
20,652
20,680
20,616

5222
5,225
5 225
5,225

31,422
31,660
31,754
31,825

681
687
692
686

325
371
475
455

283
297
316
243

391
375
341
337

1,078
1,078
1,074
1,063

18,416
18,510
18,340
18,631

18,008
17,891
17,900
18,225

408
619
440
406

Dec. 3
10 ...
17
24
31

26 143
26282
26,315
26272
26437

26,033
26250
26,223
26 188
26241

110
32
92
84
196

580
415
519
631
808

1,087
1,112
1,439
1 944
1,618

35
37
39
42
46

27,844
27,847
28,311
28,889
28,910

20,609
20,593
20,576
20,536
20,526

5,228
5,229
5,229
5,231
5,232

32,057
32,218
32,394
32,533
32,458

693
696
693
684
692

465
376
428
540
521

222
232
263
239
332

401
328
335
328
333

1,103
1,191
1,161
1,172
1,165

18,740
18,629
18,844
19,160
19,167

18,232
18,160
18,374
18,548
18,511

508
469
470
612
656

1958

Feb.

Apr.

May 7

H:;:::::::::::

Oct

Nov

2
9 ...
16
23 ...
30

For notes see Part A of this table.

Digitized for FRASER


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

6
101
111
3

20

s
w
dcf

i
HH

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS
C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70Continued
[In millions of dollars]
Reserve Bank credit outstanding

Week ending -

U.S. Government securities


Repurchase
agreements

Discounts
and
advances

Float 2

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Other 2

With
F. R.
Banks

Required

19,131
18,901
18,769
18,817

19,131
18,901
18,769
18,817

18,588
18,340
18,234
18,424

543
561
535
393

,146
,185
,214
,255

18,749
18,742
18,562
18,389

18,749
18,742
18,562
18,389

18,345
18,189
18,120
17,979

404
553
442
410

339
336
340
339

,214
,212
,214
,218

18,375
18,421
18,439
18,558

18,375
18,421
18,439
18,558

17,957
17,868
18,051
18,100

418
553
388
458

364
296
279
286
271

512
348
343
362
333

,181
,180
,181
,178
,136

18,323
18,711
18,698
18,817
18,551

18,323
18,711
18,698
18,817
18,551

17,855
18,302
18,254
18,307
18,183

468
409
444
510
368

542
521
504
543

256
269
280
281

360
383
367
363

,136
,139
,245
,244

18,571
18,550
18,829
18,393

18,571
18,550
18,829
18,393

18,213
18,096
18,227
18,063

358
454
602
330

701
716
715
626

548
476
436
515

297
260
259
283

376
364
361
349

,219
,218
,226
,238

18,324
18,314
18,537
18,627

18,324
18,314
18,537
18,627

18,021
17,886
18,081
18,170

303
428
456
457

31,852
32,105
32,194
32,036
31,883

407
412
419
412
403

552
516
394
460
559

296
278
269
255
271

353
360
338
334
340

,190
,183
,185
,183
,137

18,386
18,452
18,640
18,976
18,702

18,386
18,452
18,640
18,976
18,702

18,069
18,017
18,229
18,488
18,353

317
435
411
488
349

1959
7
14
21
28

26,184
25,922
25,580
25,471

26,090
25,817
25,580
25,471

94
105

644
730
457
507

1,401
1,011
1,288
1,074

46
45
44
42

28,275
27,708
27,368
27,094

20,534
20,526
20,515
20,515

5,234
5,234
5,234
5,235

32,010
31,710
31,385
31,150

699
704
712
714

446
390
401
404

279
297
357
298

356
345
373
343

1,122
,121
,118
,118

4
11
18
25

25,673
25,657
25,529
25,399

25,592
25,621
25,523
25,394

81
36
6
5

433
553
583
474

946
887
960
1,050

39
38
41
42

27,092
27,136
27,112
26,965

20,476
20,476
20,475
20,474

5,235
5,236
5,238
5,239

31,120
31,193
31,205
31,111

723
727
741
724

442
364
398
443

278
304
313
308

344
333
391
448

Mar. 4
11
18
25

25,355
25,366
25,471
25,510

25,294
25,331
25,419
25,461

61
35
52
49

548
722
543
619

951
849
1,000
961

38
38
34
33

26,892
26,976
27,048
27,123

20,479
20,448
20,442
20,442

5,241
5,242
5,244
5,246

31,129
31,215
31,287
31,231

721
716
727
714

534
454
437
456

298
311
290
295

Apr

1..
8
15
22
29

25,494
25,722
25,789
25,544
25,608

25,462
25,484
25,545
25,511
25,608

32
238
244
33

629
690
721
767
673

998
914
816
1,130
900

30
31
31
31
31

27,151
27,357
27,357
27,472
27,212

20,442
20,442
20,440
20,409
20,330

5,247
5,250
5,253
5,254
5,257

31,229
31,280
31,365
31,332
31,244

709
709
712
705
705

523
524
471
456
560

May

6
13
20
27 .

25,808
26,010
25,935
25,905

25,706
25,940
25,926
25,905

102
70
9

693
726
870
675

893
795
1,155
940

30
32
29
28

27,424
27,563
27,989
27,548

20,262
20,251
20,197
20,188

5,259
5,262
5,264
5,268

31,368
31,505
31,515
31,473

711
710
710
708

June 3 . .
10
17
24

25,905
25,939
25,944
25,970

25,905
25,939
25,944
25,936

34

866
996
993
894

853
774
1,029
1,256

27
27
27
27

27,650
27,736
27,994
28,147

20,188
20,141
20,136
20,017

5,272
5,275
5,280
5,280

31,645
31,803
31,876
31,807

938
1,044
1,019
929
890

1,032
948
922
1,299
998

27
26
26
28
27

28,042
28,319
28,462
28,705
28,374

19,712
19,704
19,695
19,669
19,636

5,283
5,283
5,283
5,283
5,284

Feb.

Currency
and
coin 5

Total

Foreign

Total

Bought
outright

Jan

Member bank reserves

Other
Federal
Reserve
accounts

Treasury

Excess

July

1
8
15 ..
22
29

26,045
26,300
26,494
26,449
26,459

26,018
26,255
26,383
26,390
26,408

27
45
111
59
51

Aug

5
12
19
26

26,549
26,605
26,531
26,573

26,440
26,597
26,525
26,518

109
8
6
55

1,034
1,073
945
941

790
111
1,065
950

25
24
22
21

28,399
28,473
28,562
28,485

19,626
19,619
19,601
19,600

5,281
5,282
5,282
5,283

31,922
32,071
32,051
31,951

403
401
397
395

503
475
638
564

277
257
256
257

340
343
349
321

,166
,203
,246
,294

18,696
18,622
18,509
18,586

18,696
18,622
18,509
18,586

18,296
18,080
18,078
18,149

400
542
431
437

Sept

2
9
16 .
23
30 ,.

26,691
26,754
26,737
26,637
26,563

26,650
26,663
26,643
26,637
26,563

41
91
94

966
1,059
1,060
860
722

836
819
1,017
1,499
1,098

22
24
20
21
20

28,515
28,656
28,834
29,016
28,403

19,525
19,523
19,522
19,513
19,493

5,276
5,274
5,274
5,278
5,287

31,935
32,107
32,197
31,984
31,811

400
401
395
390
388

561
430
421
632
681

260
275
331
298
310

333
341
373
420
403

,260
,259
,260
,264
,196

18,566
18,640
18,653
18,819
18,394

18,566
18,640
18,653
18,819
18,394

18,165
18,082
18,170
18,297
18,174

401
558
483
522
220

Oct

7 .
14
21
28

26,591
26,637
26,402
26,385

26,563
26,563
26,402
26,364

28
74
21

1,007
1,051
824
796

1,005
956
1,417
1,149

20
23
21
22

28,623
28,667
28,664
28,353

19,491
19,489
19,488
19,486

5,289
5,290
5,293
5,297

31,933
32,096
32,026
31,873

387
387
391
396

533
474
518
530

300
326
294
297

420
464
344
335

,194
,197
,193
,136

18,636
18,501
18,679
18,568

18,636
18,501
18,679
18,568

18,153
18,012
18,173
18,266

483
489
506
302

26,686
26,763
26,702
26,682

26,544
26,574
26,593
26,652

142
189
109
30

834
916
864
829

897
947
1,165
1.311

26
26
26
35

28,443
28,651
28,758
28.857

19,585
19,585
19,583
19,582

5,299
5,301
5,303
5,304

31,924
32,105
32,235
32,269

404
414
414
415

471
458
478
515

293
313
304
315

397
396
362
369

,127
,128
,204
,297

18,711
18,724
18,647
18,563

18,711
18,724
18,647
18,563

18,311
18,202
18,190
18,130

400
522
457
433

Nov. 4
11
18
25

. . ..

Digitized for FRASER


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

2
9
16
23
30

26,871
27,194
27 176
27,007
26829

26,843
27,130
27,142
26,970
26,787

28
64
34
37
42

875
916
961
985
933

1,086
1,003
1,169
1,818
1,788

35
40
58
74
78

28,867
29,153
29,365
29,883
29,629

19,568
19,505
19,478
19,467
19,456

5,306
5,310
5,311
5,312
5,313

32,446
32,601
32,798
32,924
32,893

410
405
396
387
393

547
487
528
523
537

347
362
341
365
387

355
338
342
331
333

,241
,244
,181
,195
,195

18,396
18,529
18,567
18,937
18,660

55
268
305
337
337

18,451
18,797
18,872
19,274
18,997

18,085
18,282
18,429
18,635
18,533

366
515
443
639
464

1960
6
13
20
27

26,642
26,395
25,622
25 450

26,607
26,339
25,620
25450

35
56
2

1,018
915
918
776

1,578
1,269
1,513
1 103

72
54
45
42

29,310
28,633
28,098
27,370

19,456
19,455
19,455
19,454

5,313
5,315
5,316
5,315

32,524
32,282
31,910
31,650

407
410
424
424

582
519
494
519

348
308
231
217

545
332
326
332

843
840
836
836

18,831
18,713
18,648
18,161

321
305
314
319

19,152
19,018
18,962
18,480

18,620
18,471
18,368
18,074

532
547
594
406

3
10
17
24, ........

25447
25,389
25 355
25253

25442
25,355
25 300
25,253

5
34
55

811
853
974
620

1 107
853
997
1,220

41
39
38
38

27406
27,135
27 365
27,131

19,445
19,433
19,432
19,423

5,319
5,321
5,323
5,325

31,565
31,599
31,631
31,562

436
443
451
445

510
417
591
529

239
203
224
206

333
344
353
335

834
834
896
1,008

18,252
18,049
17,974
17,793

285
218
211
268

18,537
18,267
18,251
18,061

18,056
17,838
17,743
17,637

481
429
508
424

Mar. 2
9
16
23
30

25 212
25 270
25,444
25,323
25 239

25,154
25 235
25,313
25,290
25,234

58
35
131
33
5

794
595
726
587
608

1,054
1 174
994
1,245
898

35
36
34
33
33

27,095
27075
27,197
27,189
26,778

19,421
19,412
19,409
19,409
19,408

5,328
5,333
5,335
5,337
5,340

31,518
31,613
31,726
31,671
31,534

442
435
448
450
439

542
542
446
451
479

219
200
200
180
203

317
293
293
305
327

1,008
1,007
980
944
945

17,800
17,731
17,849
17,934
17,600

305
207
260
255
293

18,105
17,938
18,109
18,189
17,893

17,664
17,576
17,598
17,738
17,534

441
362
511
451
359

6
13
20
27

25 284
25*396
25 701
25*521

25264
25,285
25 417
25,444

20
111
284
77

735
734
561
524

898
910
1 200
1,153

33
33
38
30

26,950
27,073
27,500
27,228

19,406
19,394
19,386
19,373

5,341
5,342
5,344
5,346

31,654
31,826
31,828
31,581

423
417
420
417

509
465
660
553

163
200
188
186

356
349
258
269

942
917
864
857

17,650
17,634
18,012
18,083

217
235
269
309

17,867
17,869
18,281
18,392

17,430
17,401
17,917
17,911

437
468
364
481

May 4
11 .
18
25

25 660
25!868
25 761
25 745

25557
25 616
25 627
25 718

103
252
134
27

552
549
555
403

958
924
1 133
1 161

30
31
31
30

27,199
27 371
27,480
27 338

19,360
19,359
19,359
19 353

5,347
5,348
5,349
5,350

31,606
31,723
31,774
31,684

414
419
413
415

567
504
608
547

184
184
195
202

311
314
349
290

855
854
887
1,034

17,968
18,081
17,961
17,868

275
225
274
300

18,243
18,306
18,235
18,168

17,918
17,808
17,777
17,716

325
498
458
452

June 1 . .
8
15
22
29 . . . .

25 968
26' 1 34
26 176
26*01 1
26*129

25 941
26 118
26 176
26'oil
26' 129

27
16

436
400
375
550
412

924
993
1 029
1 505
1 168

30
30
29
29
30

27 358
27,557
27 609
28 096
27 739

19352
19,352
19,351
19 346
19,325

5,349
5,350
5,353
5 354
5,356

31,812
31,917
31,976
31 927
31,867

414
424
415
412
406

468
445
490
550
505

206
199
206
225
249

321
343
365
398
415

1,033
1,034
1,001
970
971

17,806
17,897
17,859
18,315
18,007

315
256
297
287
335

18,121
18,153
18,156
18,602
18,342

17,684
17,691
17,731
18,042
17,856

437 H
462 7*
425 . .
560 CO
486 J>

July

20
27

26 553
26613
26,556
26,599

26491
26517
26,416
26,522

62
96
140
77

440
341
429
351

1 039
1,133
1,423
1,085

31
28
30
28

28 063
28,115
28,437
28,063

19,322
19,282
19,251
19,191

5,356
5,356
5,357
5,357

32,155
32,361
32,199
32,041

406
406
409
405

517
422
548
488

226
214
209
202

398
374
374
371

958
935
884
884

18,079
18,041
18,422
18,219

241
308
339
333

18,320
18,349
18,761
18,552

17,883
17,774
18,245
18,078

437
575
516
474

2
r*
,,
g

Aug. 3
10
17
24
31

26930
27099
27041
26,992
26788

26760
26806
26812
26,772
26 682

170
293
229
220
106

315
293
416
193
273

877
822
976
1,014
788

29
32
36
47
33

28,151
28 246
28,469
28,245
27,882

19,147
19098
19,039
19,026
19,005

5,358
5 359
5,363
5,366
5,370

32,046
32,129
32,184
32,087
31,980

408
404
409
400
395

466
452
555
485
487

221
192
190
195
225

358
363
386
380
384

884
884
904
1,016
1,014

18,272
18,279
18,243
18,075
17,772

319
246
321
329
694

18,591
18,525
18,564
18,404
18,466

18,103
18,018
17,983
17,938
17,827

488
507
581
466

00
W
W
CH

Sept 7
14
'21
28

26 784
26 649
26 541
26,539

26 640
26 524
26 495
26,456

144
125
46
83

262
301
86
244

861
1 052
1 527
1,242

34
33
34
34

27941
28 035
28 189
28,059

18 999
18 975
18 828
18,731

5 372
5 374
5 376
5,375

32 174
32 291
32 171
32,004

399
401
403
399

477
465
551
579

233
204
224
200

411
373
379
378

1 Oil
974
936
934

17,607
17,676
17 729
17,671

751
905
906
938

18,358
18,581
18,635
18,609

17,702
17,762
18,116
18,091

639
656
819
519
518

^
^
^
^
!Z!

5
12
19
26

27,028
27 268
27 036
26 760

26,836
27 136
27 036
26 681

192
132
79

219
168
95
262

1,096
1 038
1 453
1 354

41
42
38
38

28,385
28 517
28 621
28 415

18,671
18 615
18 586
18 552

5,377
5 380
5 382
5 383

32,049
32 276
32 304
32 120

403
408
413
403

467
474
489
546

213
202
215
257

443
379
393
373

936
932
864
862

17,922
17 840
17909
17,789

837
800
930
940

18,759
18,640
18,839
18,729

18,148
17,951
17,963
18,200

611
689 *rl
876 C:
529 PU

27,313
28015
28 105
27 831
27623

26,946
27439
27 588
27 678
27 607

367
576
517
153
16

211
158
190
121
121

1,098
928
976
1 532
1 228

41
53
55
59
49

28,662
29 154
29,325
29 542
29,022

18,405
18,124
18,068
17999
17,957

5,387
5 389
5,391
5 392
5,392

32,104
32,298
32,527
32 532
32,640

403
398
402
407
414

442
418
519
469
460

254
250
230
224
258

456
395
408
388
387

865
864
914
1 073
1,071

17,931
18,045
17,784
17,839
17,141

942
752
949
922
2,537

18,873
18,797
18,733
18,761
19,678

18,309
18,191
18,121
18,154
18,481

27421
27,381
27,034
27,074

27421
27,381
27,010
26,946

24
128

67
76
80
56

1 057
1,272
2,151
2,150

50
49
51
55

28,594
28,778
29,316
29,336

17,974
18,083
17,957
17,882

5,391
5,396
5,396
5,398

32,722
33,038
33,174
33,195

413
410
414
401

473
522
592
522

253
237
246
260

474
680
443
391

1,066
1,037
1,018
1,019

16,558
16,334
16,782
16,828

2,358
2,598
2,678
2,619

18,916
18,932
19,460
19,447

18,216
18,222
18,706
18,753

Dec

Jan.

Feb

Apr

Oct.

Nov. 2
9 .. .
16
23 ..
30
Dec

7
14 ... .
21
28 .. .

For notes see Part A of this table.

Digitized for FRASER


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

S
T
H

564 >
606 HJ
612 3
607
LiJ
1,197 O
700
710
754
694

3
LJ
g
g
</l

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMSContinued
C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70Continued
[In millions of dollars]

Reserve Bank credit outstanding


U.S. Government securities
Week
ending
Total

Bought
outright

Repurchase
agreements

Discounts
and
advances

Float

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank reserves,


with F. R. Banks

Other
Fed-

Foreign

Reserve
accounts

Member bank reserves

fn 1

Treasury

Other

With
F. R.
Banks

Currency
and
coin 5

Total

Required

Ex-

tn
1961
Jan

4
11
18
25

27,375
27,124
26,967
26,821

26,984
26,986
26,948
26,821

391
138
19

184
60
44
57

,789
1,350
1,408
1,523

72
58
52
49

29,420
28,592
28,471
28,450

17,748
17,629
17,594
17,490

5,398
5,399
5,401
5,402

32,853
32,637
32,287
31,964

399
403
412
417

441
413
528
507

245
239
248
245

473
381
389
392

954
941
940
942

17,202
16,605
16,662
16,875

2,742
2,621
2,630
2,592

19,944
19,226
19,292
19,467

18,930
18,654
18,500
18,463

1,014
572
792
1,004

Feb.

1
8
15
22

26,600
26,860
27,007
26,740

26,582
26,672
26,653
26,589

18
188
354
151

75
188
202
116

1,131
1,053
829
1,326

47
47
48
50

27,853
28,148
28,086
28,232

17,441
17,429
17,410
17,385

5,402
5,403
5,404
5,405

31,776
31,805
31,930
31,857

422
413
417
424

510
523
526
496

227
196
185
172

393
383
401
392

951
1,018
1,022
1,093

16,417
16,641
16,420
16,587

2,546
2,307
2,424
2,458

18,963
18,948
18,844
19,045

18,415
18,380
18,202
18,320

548
568
642
725

Mar. 1
8
15
22
29

26,706
26,793
27,008
26,864
26,724

26,621
26,775
27,003
26,864
26,724

85
18
5

59
104
58
62
87

1,294
1,068
1,003
1,260
,004

50
49
47
48
48

28,109
28,014
28,116
28,234
27,863

17,373
17,373
17,374
17,385
17,389

5,405
5,405
5,407
5,409
5,408

31,768
31,794
31,901
31,887
31,775

437
433
428
418
426

531
415
418
506
497

199
233
267
238
218

400
398
389
365
370

1,093
,087
1,057
1,035
1,032

16,458
16,433
16,437
16,578
16,342

2,556
2,238
2,390
2,377
2,451

19,014
18,671
18,827
18,955
18,793

18,335
18,244
18,192
18,451
18,193

679
427
635
504
600

19
26

26,870
26,868
26,601
26,389

26,836
26,854
26,591
26,389

34
14
10

115
59
52
42

942
1,004
1,310
1,279

46
47
46
45

27,973
27,978
28,009
27,755

17,388
17,389
17,390
17,390

5,410
5,411
5,414
5,417

31,903
32,007
31,980
31,807

404
406
411
414

429
398
424
374

250
212
172
194

388
310
309
298

,028
1,014
966
963

16,369
16,429
16,552
16,511

2,333
2,353
2,474
2,507

18,702
18,782
19,026
19,018

18,167
18,201
18,345
18,287

535
581
681
731

3
10
17
24
31

26,692
26,801
26,725
26,653
26,802

26,692
26,792
26,683
26,598
26,799

9'
42
55
3

66
70
179
71
97

1,066
1,003
1,237
1,308
965

44
40
39
38
40

27,868
27,914
28,180
28,070
27,904

17,390
17,390
17,395
17,403
17,402

5,420
5,422
5,424
5,426
5,428

31,842
31,968
32,081
32,001
32,058

408
420
424
420
416

572
396
550
483
374

221
204
206
201
211

298
304
304
280
275

962
961
984
1,075
1,073

16,373
16,474
16,451
16,440
16,329

2,435
2,280
2,458
2,477
2,543

18,808
18,754
18,909
18,917
18,872

18,341
18,276
18,307
18,352
18,257

467
478
602
565
615

June 7,
14
21
28

27,061
26,946
26,848
26,820

27,041
26,946
26,845
26,817

20

1,010
,118
1,556
1,379

38
38
38
36

28,175
28,177
28,486
28,319

17,410
17,449
17,487
17,533

5,429
5,433
5,433
5,434

32,198
32,299
32,247
32,201

425
410
410
404

473
480
481
624

198
203
193
221

239
242
233
259

1,071
1,043
1,021
1,023

16,410
16,382
16,820
16,553

2,394
2,462
2,476
2,567

18,804
18,844
19,296
19,120

18,233
18,215
18,750
18,493

571
629
546
627

Julv

27,274
27,266
26,737
26,720

26

27,283
27,266
26,737
26,731

66
75
44
84
49
48
56
50

1,202
1,291
1,748
1,476

34
36
34
32

28,568
28,641
28,575
28,289

17,550
17,550
17,547
17,525

5,435
5,433
5,437
5,440

32,484
32,797
32,634
32,476

388
385
392
399

434
390
605
498

233
231
218
251

317
255
274
274

1,007
996
946
944

16,689
16,570
16,491
16,412

2,397
2,533
2,584
2,595

19,086
19,103
19,075
19,007

18,539
18,446
18,386
18,357

547
657
689
650

Aug. 2
9
16
23
30

27,319
27,614
27,471
27,197
27,276

27,229
27,484
27,275
27,191
27,276

75
123
62
39
37

1,081
1,006
1,109
1,410
1,101

33
34
34
35
33

28,508
28,777
28,676
28,681
28,447

17,527
17,548
17,601
17,602
17,579

5,527
5,543
5,545
5,548
5,552

32,450
32,564
32,664
32,594
32,474

444
423
422
423
416

456
467
498
488
498

238
234
257
243
230

306
304
275
292
298

969
,024
,039
,108
,009

16,699
16,852
16,667
16,682
16,554

2,587
2,356
2,530
2,520
2,606

19,286
19,208
19,197
19,202
19,160

18,809
18,651
18,593
18,605
18,566

477
557
604
597
594

Sent

6
13
20
27

27,840
27,803
27,330
27,200

27,840
27,803
27,320
27,197

10
3

57
28
45
29

999
,186
,843
,723

35
35
33
34

28,931
29,052
29,251
28,986

17,451
17,451
17,451
17,451

5,553
5,553
5,554
5,560

32,664
32,836
32,775
32,612

406
414
413
414

469
469
566
436

270
275
282
296

303
319
313
320

,111
,088
,048
,049

16,712
16,655
16,861
16,871

2,402
2,543
2,612
2,648

19,114
19,198
19,473
19,519

18,573
18,609
18,906
18,862

541
589
567
657

4
11
18
25

27,834
28,195
28,250
27,819

27,823
28,143
28,130
27,791

11
52
120
28

36
31
147
57

,332
,257
,305
,630

35
34
35
38

29,237
29,517
29,737
29,544

17,380
17,350
17,336
17,302

5,563
5,565
5,568
5,572

32,678
32,886
33,010
32,849

408
417
422
414

422
450
479
486

300
261
248
249

281
363
300
268

,054
,052
998
991

17,036
17,005
17,184
17,162

2,569
2,421
2,620
2,663

19,605
19,426
19,804
19,825

19,121
18,933
19,230
19,277

484
493
574
548

fl\ Apr

May

Oct

5 . .
12.:::::
19

Digitized for FRASER


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

3
3

11
90
130
196
6

e
i

Nov. 1
g
15
22
29

28,052
28,495
28,466
28,588
28 , 874

28,039
28,466
28,380
28,461
28,760

Dec. 6
13
20
27

29,274
29,334
29,007
28,893

29,274
29,334
29,007
28,845

13
29
86
127
114

76
93
125
92
103

,238
,130
,186
,743
,492

38
42
40
42
41

29,404
29,760
29,817
30,465
30,510

17,302
17,291
17,276
17,190
16,975

5,576
5,579
5,583
5,585
5,586

32,802
32,967
33,222
33,350
33,503

410
423
402
414
415

491
475
476
506
456

241
272
247
309
210

303
258
253
251
213

990
992
992
,144
,143

1 7 , 045
17,241
17,084
17,265
17,132

2,706
2,430
2,657
2,629
2,810

19,751
19,671
19,741
19,894
19,942

19,208
19,198
19,153
19,297
19,221

543
473
588
597
721

48

36
40
109
218

,279
,363
2,240
2,526

42
43
45
48

39,631
30,780
31,401
31,685

16,975
16,961
16,920
16,889

5,588
5,590
5,588
5,584

33,579
33,937
34,072
34,171

416
423
424
421

501
460
600
511

216
247
215
207

258
228
219
238

,143
,131
,102
1,106

17,082
16,906
17,277
17,506

2,682
2,836
2,957
2,842

19,764
19,742
20,234
20,348

19,219
19,176
19,656
19,788

545
566
578
560

356
79
89
72
94

2,355
2,059
,870
,786
227

53
50
50
48
47

31,695
30,972
30,529
30,185
29 678

16,889
16,883
16,839
16,839
16 832

5,586
5,587
5,586
5,589
5 590

33,919
33,661
33,386
33,070
32 793

429
434
440
442
450

441
380
435
439
424

290
240
232
220
213

297
261
292
305
296

,053
,043
,040
,043
,042

17,740
17,421
17,130
17,094
16,882

3,062
2,871
2,926
2,878
2,876

20,802
20,292
20,056
19,972
19,758

20,076
19,682
19,452
19,271
19,227

726
610
604
701
531

1962
Jan.

3
10
17
24
31

28,931
28,784
28,520
28,279
28,310

28,720
28,717
28,501
28,279
28,310

Feb

7
14
21
28

28,588
28,575
28,090
28,285

28,588
28,575
28,062
28,285

28

122
120
122
108

117
,050
,655
,340

46
46
46
45

29 873
29 , 79 1
29,913
29 778

16 804
16,789
16,790
16,790

5 584
5,585
5,586
5,588

32 776
32,888
32,870
32 857

460
448
447
439

359
444
433
470

223
197
197
227

277
252
274
285

,042
,022
,163
,156

17,125
16,914
16,904
16,721

2,573
2,606
2,676
2,764

19,698
19,520
19,580
19,485

19,241
19,022
19,047
18,965

457
498
533
520

Mar 7
14
21
28

28,433
28,502
28,487
28 , 679

28,419
28 , 463
28,415
28,651

14
39
72
28

156
118
198
151

,339
,252
,446
,248

46
45
45
43

29,974
29,917
30 176
30,121

16,772
16,724
16 709
16,666

5,587
5,590
5 586
5,587

32 908
33,066
33 048
32,951

440
411
446
433

401
461
460
481

214
224
219
197

283
234
224
318

,100
,053
,027
,028

16,987
16,751
17,048
16,966

2,497
2,597
2,617
2,682

19,484
19,348
19,665
19,648

19,038
18,870
19,181
19,189

446
478
484
459

18
25

29,150
29,281
.. 29,030
29 033

28,996
29,134
28,957
28 882

154
147
73
151

140
125
140
150

,029
,156
,412
500

42
41
40
39

30,361
30,603
30,622
30 722

16,609
16,609
16,585
16 523

5,591
5,589
5,584
5 586

33,050
33,274
33,356
33 244

433
432
425
428

400
458
480
518

220
252
204
209

351
327
364
354

,025
,030
960
963

17,080.
17,027
17,002
17,115

2,583
2,477
2,684
2,763

19,663
19,504
19,686
19,878

19,146
19.060
19,194
19,328

517
444
492
550

29,188
29,634
29,532
29,341
29 , 560

29,093
29,467
29,511
29,341
29 , 560

95
167
21

128
112
129
M2
151

,351
,245
,276
,667
,191

37
34
33
33
33

30,704
31,025
30,970
31,153
30,935

16,494
16,490
16,456
16,434
16,434

5,590
5,594
5,595
5,593
5,594

33,133
33,267
33,406
33,327
33,331

419
419
423
419
418

607
502
537
599
524

213
224
219
237
208

366
372
342
327
344

958
956
996
1,136
1,130

17,091
17,369
17,098
17,138
17,007

2,777
2,483
2,717
2,693
2,802

19,868
19,852
19.815
19,831
19,809

19,410
19,393
19,328
19,299
19,202

458
459
487
532
607

June 6 .... 29,837


29,672
13
20 . . . 29,433
29 320
27

29,837
29,672
29,356
29 233

117
107
ISO
216

,211
,304
,779
668

33
32
31
32

31,198
31,115
3 1 , 423
31 236

16,434
16,435
16,434
16,433

5,597
5,602
5,604
5,600

33,534
33,663
33,654
33 584

413
402
400
396

474
503
509
550

209
211
274
343

367
339
337
266

1,077
1,056
996
886

17,155
16,976
17,291
17,244

2,646
2,662
2,747
2,818

19,801
19,638
20,038
20,062

19,289
19,245
19,568
19,569

512
393
470
493

29 884
29,962
29 304
... 29,230

29 707
29,870
29 304
29,230

153
81
178
74

498
,627
039
,968

62
59
40
43

31 597
3 1 , 729
31 561
31,315

16,435
16,412
16 298
16,269

5,600
5,602
5,601
5,603

33 863
34,155
34 091
33,901

391
394
388
404

533
452
496
551.

330
294
315
221

290
301
298
317

699
700
607
641

17,527
17,447
17,265
17,152

2,713
2,694
2,829
2,850

20,240
20,141
20,094
20,002

19,697
19,595
19,532
19,427

543
546
562
575

2
TN

234
217
198
189
192

343
331
375
325
314

643
692
703
827
820

16,962
17,226
17,050
17,247
17,044

2,876
2,589
2,763.
2,763
2,870

19,838
19,815
19,813
20,010
19,914

19,404
19,325
19,216
19,468
19,379

434
490
597
542
535

gg
\r\
S
^
<
W
CO

May 2
9
16
23
30

July

4
11
18
25

211
67
19

77
87

177
92

,346
150
,279
,684
,287

43
44
41
38
35

31,066
31 559
31,642
31,795
31,433

16,168
16 148
16,148
16,147
16,112

5,604
5,603
5,596
5,597
5,601

33,813
33 938
34,059
34,003
33,870

414
417
402
397
404

105
89
36
152

134
,400
136
,176

34
36
35
34

31,685
31,921
31,955
3 1 , 702

16,098
16,093
16,067
16,068

5,556
5,550
5,544
5,548

33,977
34,167
34,045
33,882

404
392
390
401

459
503
579
494

175
204
222
219

315
293
284
283

866
839
774
760

17,143
17,165
17,273
17,278

2,696
2,787
2,886
2,913

19,839
19,952
20,159
20,191

19,418
19,427
19,643
19,687

421
525
516
504

74
56
82
67
91

,747
,645
,633
,083
,475

36
33
34
35
37

31,816
32,416
32,229
32,116
31,491

16,068
16,067
16,067
16,052
16,006

5,552
5,555
5,551
5,551
5,552

33,909
34,102
34,256
34,115
34,042

407
410
397
398
406

476
513
480
519
541

217
243
214
211
207

323
314
336
315
311

765
751
111
684
672

17,352
17,706
17,445
17,476
16,872

2,822
2,627
2,861
2,882
2,935

20,174
20,333
20,306
20,358
19,807

19,728
19,854
19,821
19,853
19,353

446
479
485
505
454

187
240
60
18

170
156
105
103

,247
,300
,056
109

34
34
34
35

31,686
31,868
32,299
32,259

15,977
15,978
15,978
15,978

5,555
5,550
5,550
5,551

34,231
34,560
34,684
34,803

410
401
394
400

392
523
464
488

184
216
. 193
214

302
309
289
262

822
798
1,020
1,023

16,878
16,589
16,783
16,597

2,681
2,828
2,902
3,033

19,559
19,417
19,685
19,630

19,010
18,846
19,078
19,080

549
571
607
550

188
95

93
109
164
308

,832
,755
2 443
2,842

37
67
63
73

32,373
32,629
33,163
33,733

15,977
15,977
15,978
15,978

5,556
5,559
5,560
5,564

34,860
35,226
35,366
35,471

390
402
399
395

500
478
669
665

207
207
208
210

315
268
277
295

1,068
1,068
1,011
1,026

16,565
16,517
16,771
17,212

2,964
3,010
3,182
3,113

19,529
19,527
19,953
20,325

19,149
19,081
19,438
19,764

446 a

29 , 592
30 194
30,160
29,890
30,019

p 5
Scot

30 264
30,269
29 748
29 , 340

1'48
127

26

30 412
30,396
29 748
29,340

3
10
17
24
31

29,959
30,682
30,480
29,931
29,888

29,946
30,546
30,385
29,931
29,853

13
136
95

7
14
21
28

.... 30,235
30 378
30,104
30 012

30,048
30,138
30,044
29,994

Dec. 5
12
19
26

30,411
30,698
30 493
30,510

30,223
30,603
30 493
30,489

Oct.

Nov

17
12

35'

21

For notes see Part A of this table.

Digitized for FRASER


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

>d

85
171
145
171
92

. . 29,592
30 194
30,177
29,902
30 019

12"::..
19

00
>

428
488
598
553
502

1
g
15
22
29

Aug

S
W
<f
2
2
W
Jd

>
^
G
w

?
W
f"1

2
H
2
O

380

515
561

Cfl
g
C/5

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMSContinued
C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
T

U.S. Government securities


Week
ending
Total

Bought
outright

Repurchase
agreements

Discounts
and
advances

All
other 3

Float 2

Total

Gold
stock

1 reasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank reserves,


with F. R. Banks

Treasury

Foreign

Other

w
&
(Jther
Federal
_
R eserve
accounts

Member bank reserves

f*\ U

With
F. R.
Banks

Currency
and
coin 5

Total

Required

Excess

w
on
W

1963
Jan.

30,598
30 404
30,227
29,898
30,123

30,478
120
30 404
30,227
29,898
29,975 ' " ' J 4 8 '

716
65
80
172
101

2,684
2,728
2,392
2,307
1,615

106

16
23
30

85
86
76

34,104
33 286
321784
32 , 464
31,916

15,978
15 978
151963
15,928
15,928

5,568
5 572
5*. 563
5,567
5,571

35,349
35 022
34 !, 694
34,361
34,080

399
423
412
429
432

628
71 1
767
823
837

280
226
232
225
220

319
306
298
281
297

1,054
991
980
960
966

17,623
17 157
16*. 927
16,881
16,583

3,456
3 139
3*173
3,034
3,028

21,079
20,296
20,100
19,915

19,611

20,045
19,858
19,579
19,429
19,180

1,034
438
521
486
431

Feb. 6
13
20
27

30,540
30,768
30,392
30,405

30,235
30,447
30,337
30,361

305
339
55
44

225
165
157
159

,358
,319
,702
,596

71
61
60
59

32,194
32,330
32,312
32,219

15,928
15,928
1 5 , 928
15,913

5,569
5,563
5,566
5,570

34,107
34,263
34,293
34,228

421
427
444
454

783
838
901
801

206
212
187
230

297
298
310
314

971
959
1,086
1,125

16,907
16,825
16,586
16,550

2,777
2,799
2,926
2,927

19,684
19,624
19,512
19,477

19,227
19,121
19,087
19,010

457
503
425
467

Mar.

30,402
30,528
30^430
30 , 5 19

150
123

21

30,552
30,651
30*430
30,635

172
168
87
271

,665
527
1872
,598

55
56
52
51

32,444
32 f 402
321441
32, 555

15,878
15 877
151878
1 5 878

5,573
5 576
5*577
5 576

34,282
34,454
341511
34,415

448
450
448
451

856
783
845
1 014

188
191
180
186

213
181
191
174

1,135
1 114
1*073
1 078

16,772
16 682
16*648
16 690

2,745
2,740
2*854
2 908

19,517
19 422
191502
19,598

19,121
18,933
19! 132
19,135

396
489
370
463

OO Apr. 3
10
17
24

30,997
31 , 188
30^988
30,589

30,855
31 , 106
30*946
30,589

142
82
42

204
1 17
187
188

,345
*425
1630
*919

50
50
49
47

32 596
32 779
321853
32 743

15 878
15* 878
15 878
15* 877

5 577
5* 578
5*574
5 ' 578

34, 535
34 745
34 915
34 685

428
441
427
437

895
897
826
996

189
184
190
191

191
194
216
192

1 074
1 076
1 *001
987

16 740
16 696
16*730
16 710

2,868
2 675
2 ^960
3*019

1 9 , 608
19*371
191690
19l 729

19, 154
18*997
191 157
19*216

454
374
533
513

May

1
8
15
22
29

30 808
31*350
31 333
30*,9I4
30,910

30,646

162
237
122

124
141
229
304
266

522
1545
471
1899
446

46
44
45
46
45

32 500
33 1 081
33 077
33ll63
32 667

1 5 877
151864
1 5 828
151828
15 819

5 582
5*. 580
5 570
5*. 574
5 578

34 53
34*755
34 933
34*896
34 91 1

438
435
416
422
419

963
969
I 047
*931
673

167
172
156
190
168

196
191
189
177
174

997
990
984
,162
155

16 61 5
17*012
16 750
161787
16 565

3 029
2 1703
2 910
2l 896
3 034

19 644
191715
19,660
191683
19,599

19 244
191354
19 201
191230
19, 122

400
361
459
453
477

June 5
12
19
26

31,293
31,587
31,317
31,583

31,191
31,513
3 1 , 244
31,430

102
74
73
153

216
249
284
234

,318
,382
,853
,854

42
43
44
43

32,868
33,261
33,498
33,714

15,797
15,797
15,798
15,779

5,583
5,581
5,582
5,582

35,108
35,298
35,331
35,279

407
402
404
402

643
774
781
892

169
218
202
185

183
205
237
217

,156
,156
,111
,099

16,582
16,587
16,813
17,001

2,856
2,841
2,983
3,051

19,438
19,428
19,796
20,052

19,098
19,009
19,298
19,673

340
419
498
379

July

3
10
17
24
31

32,249
32,652
32,042
31,687
32,086

32,078
32,308
31,939
31,687
32,044

171
344
103
42"

329
323
401
313
143

,651
,726
,929
,990
,344

44
43
46
40
39

34,273
34,744
34,419
34,030
33,611

15,733
15,691
15,669
15,633
15,633

5,587
5,588
5,582
5,584
5,586

35,581
35,899
35,850
35,698
35,564

383
391
396
391
393

863
1,022
922
886
891

173
180
180
168
179

235
196
199
193
202

,101
,107
,056
,062
,069

17,257
17,228
17,067
16,850
16,530

2,985
2,865
3,105
3,078
3,118

20,242
20,093
20,172
19,928
19,648

19,810
19,630
19,577
19,457
19,351

432
463
595
471
297

Aug. 7
14
21
28

32,443
32,286
32,017
32,142

32,373
32,253
31,964
32,074

70
33
53
68

403
382
324
305

,288
,367
,787
,418

41
41
39
36

34,174
34,075
34,167
33,901

15,633
15,618
15,583
15,583

5,587
5,581
5,583
5,586

35,703
35,879
35,850
35,728

402
382
394
400

742
870
879
918

170
167
153
162

250
188
185
181

,071
,038
,217
,219

17,055
16,750
16,655
16,461

2,858
2,959
2,999
3,093

19,913
1 9 , 709
19,654
19,554

19,431
19,236
19,252
19,146

482
473
402
408

Sept. 4
11
18
25

32,438
32,644
32,209
32,040

32,264
32,350
32,209
32,040

174
294

355
385
225
418

,348
,487
,995
,937

38
37
36
38

34,180
34,553
34,465
34,434

15,582
15,583
15,582
15,582

5,587
5,591
5,590
5,587

35,889
36,066
36,016
35,850

391
409
417
385

806
824
942
856

170
153
142
139

192
206
209
181

,214
,219
,139
,140

16,689
16,850
16,770
17,052

2,995
2,964
3,130
3,148

19,684
19,814
19,900
20,200

1 9 , 204
19,313
19,552
19,740

480
501
348
460

Oct.

32,511
33,036
32,784
32,226
32,474

32,449
32,617
32,521
32,226
32,413

62
419
263

373
422
339
392
229

,545
,527
,567
,930
,416

37
44
47
41
44

34,467
35,030
34,737
34,589
34,163

15,582
15,583
15,583
15,581
15,582

5,589
5,591
5,582
5,583
5,590

35,858
36,061
36,235
36,165
36,066

393
397
392
394
398

901
910
930
915
906

153
153
150
171
167

192
193
194
188
197

,114
,141
,107
,060
,048

17,027
17,349
16,894
16,860
16,553

3,150
2,843
3,095
3,082
3,202

20,177
20,192
19,989
19,942
19,755

19,825
19,757
19,603
19,513
19,407

352
435
386
429
348

13

20
V\

2......
9
16
23
30

Digitized for FRASER


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

31 '21 1
301914
30,910

iJ6

61

OO

r
>

H
W
d
ii
H
W

S
c/3

33,031
33 179
32,949
33,111

32,822
32,880
32,773
33,018

209
299
176
93

434
330
462
233

1,315
1 581
2,180
2,126

62
49
44
43

34,842
35,138
35,635
35,512

15,583
15,582
15,582
15,582

5,593
5 598
5,596
5,593

36,251
36,625
36,722
36,872

388
402
403
386

823
886
1 045
1,006

156
146
144
151

193
198
208
199

1,019
1 001
1 211
1,250

17,188
17 060
17 ' 080
16,823

2,978
3,005
3,170
3,212

20,166
20 065
20 250
20,035

19 737
19 634
19*744
19 700

429
431
506
355

33,795
Dec. 4
11
33,849
33,665
18
24'<> . . . 33,586
31io . . . 33,655

33,590
33,759
33,582
33,552
33,563

205
90
83
34
92

540
148
307
350
590

1,631
1,899
2,471
2,991
2,752

43
49
65
113
155

36,010
35,945
36,507
37,040
37,153

15,582
15,582
15,582
15,552
15,513

5,580
5,586
5,582
5,586
5,580

37,274
37,487
37 621
37,752
37,730

385
388
392
395
381

812
856
907
903
927

167
143
158
154
185

197
202
196
210
Til

1,264
1,268
1 194
1,208
1,142

17,074
16,770
17 204
17,556
17,653

3,246
3,224
3,476
3,445
3,804

20 320
19,994
20 680
21,001
21,457

19 734
19 804
20 188
20,527
20,663

586
190
492
474
794

Nov. 6
13
20
27

1964

8
15
22
29

33,698
33,494
32,944
32,739

33,531
33,338
32,944
32,739

167
156

396
394
198
209

2,461
2,203
2,365
1 764

151
139
116
67

36,706
36 231
35,623
34 780

15,513
15,513
15,513
15,512

5,582
5,584
5,586
5 582

37,306
36 983
36 690
36 364

402
406
416
410

966
1 033
1 044
869

168
167
148
141

205
213
216
208

1,070
1 062
1,059
1 041

17,685
17 463
17,149
16 840

3,484
3 442
3,314
3 360

21,169
20 905
20 463
20 200

20,701
20 305
20 174
19 827

468
600
289
373

Feb. 5
12
19
26

33,009
33,275
32,887
32,750

32,979
33,214
32,862
32,750

30
61
25

Til
372
291
200

1,417
1,496
1,846
1 835

67
66
64
61

34,771
35,208
35,088
35 846

15,512
15,498
15,462
15,462

5,587
5,586
5,583
5,588

36,292
36,462
36,469
36 308

425
424
420
439

759
978
979
903

131
151
124
147

214
200
209
197

960
961
960
1 051

17,089
17,116
16 972
16 852

3,131
3,062
3,199
3 184

20 220
20,178
20 171
20 036

19 854
19,776
19 751
19 683

366
402
420
353

Mar 4
11
18
25

33,245
33,437
33,270
33,384

33,245
33,437
33,195
33,301

362
253
358
279

1 529
1,609
1,758
1,973

69
86
95
114

35 204
35,385
35,480
35 750

15 462
15,463
15,463
15,462

5 586
5,580
5,576
5,579

36 352
36'538
36,692
36 657

443
452
444
431

989
941
897
1 044

150
149
144
159

207
207
200
196

1 040
1 062
1,005
950

17 072
17 079
17,137
17 354

3 111
2 899
3,076
3 156

20
19
20
20

693
664
838
002

490
314
375
508

Apr. 1
8
15
22
29

33,575
33,979
33,843
33,050
33,086

33,534
33,916
33,843
33,050
32,985

101

155
209
191
321
137

1,512
1,593
1 756
2,166
1,772

111
116
100
55
87

35,353
35,898
35 891
35,593
35,083

15,462
15,463
15,462
15,462
15,462

5,578
5,583
5 585
5,576
5,578

36,735
36 839
36 998
36 912
36,813

391
415
439
432
423

881
922
980
898
929

164
148
135
133
140

202
203
197
187
193

952
1 039
1 005
946
959

17,067
17 376
17 183
17 123
16 667

3,242
2,974
3 185
3 200
3,299

20,309
20 350
20 368
20 323
19 966

20,037
19 928
20 069
19 882
19 698

272
422
299
441
268

May 6
13
20
27

33,763
33,987
33,749
33,839

33,580
33,904
33,715
33,819

183
83
34
20

213
314
298
209

1,653
1,640
2,064
1 739

94
78
68
56

35,724
36,020
36,179
35 844

15,463
15,463
15,462
15,462

5,582
5,571
5,573
5,581

36,910
37,150
37 154
37 123

426
417
427
430

888
990
1 010
927

156
160
143
131

188
179
178
174

954
939
1 195
1 250

17 247
17,218
17 107
16 852

3,030
3,087
3 197
3 262

20 277
20,305
20 304
20 114

19 988
19,892
19 896
19 783

289

413

"

408

<<J

June 3
10
17
24

... 34,381
34,757
34,591
34,427

34,327
34,530
34,438
34,427

54
227
153

265
289
328
232

1,521
1,471
1,823
2,136

54
80
69
80

36,222
36,597
36,811
36,875

15,463
15,462
15,461
15,461

5,584
5,590
5,582
5,582

37,263
37,487
37,614
37 574

425
436
415
395

914
905
880
905

145
135
131
138

197
199
196
203

1,257
1,308
1,240
1 273

17,066
17,179
17,378
17 430

3,128
3,007
3,238
3 297

20,194
20,186
20 616
20 727

19,899
19,857
20 161
20 376

295
329
455
351

S
?3

221
263
460
159
179

1 818
1,882
1,787
2,195
1,626

79
108
85
42
58

36 960
37,588
37,636
36,789
36,381

1 5 , 462
15,463
15,463
15,463
15,463

5,582
5,574
5,562
5,566
5,567

37 618
37,916
38,099
37 969
37,814

404
416
425
444
440

873
842
885
770
711

140
134
123
131
133

195
222
204
191
190

1 276
1,256
1,223
1 158
1,148

17 498
17,840
17,703
17 154
16,975

3 347
2,965
3,291
3,275
3,350

20 845
20,805
20,994
20 429
20,325

20 443
20,514
20,422
20,151
19,957

402
291
572
278
368

5
j
7^

262
376
279
329

1,460
1,554
2 024
1,719

58
66
40
38

36 892
37,393
37 197
37,137

15,462
15,462
15,461
15,462

5,570
5,554
5 558
5,563

37 893
38,114
38 113
37,998

433
417
412
429

769
964
932
918

137
141
144
145

199
193
199
188

1 132

l'l02
1,214

17 363
17,467
17 314
17,270

3 197
3,130
3 269
3,341

20 560
20,597
20 583
20,611

20 209
20,123
20 192
20,140

351
474
391
471

C/5
tfl
hri

315
478
225
410
280

1,451
1 563
1,846
2 465
1,943

40
65
56
41
77

36,968
37 716
37,524
37 820
37,487

15,462
15,462
15,462
15,462
15,461

5,572
5 566
5,564
5 569
5,556

38 007
38 243
38 425
38 192
38*075

423
426
435
448
440

858
857
907
962
914

164
131
142
131
161

191
188
194
193
186

1 199
1 220
1 163
1 054
1*066

17
17
17
17
17

159
679
285
870
662

3 372
3 000
3 454
3 386
3*478

20
20
20
21
21

133
182
372
775
752

398
497
367
481
388

W
C/3
^
^
!Z!

hH
^

Jan.

75
83
41
63

183
978
213
510

19
19
19
20

July

1
8
15
22
29

34,841
35,335
35,304
34,392
34,518

34,823
35,215
35,030
34,392
34,357

18
120
274

Aug

5
19
26

35,112
35,397
34 855
35,051

34,980
35,097
34,855
34,929

132
300

Sept. 2
9
16
23
30

35,162
35 611
35,397
34,904
35,186

35,144
35,234
35,262
34,904
35,157

18
377
135

Oct. 7
14
21
28

35,759
35,663
34 909
34,911

35,549
35,532
34 909
34,911

210
131

372
241
382
233

1,820
1,875
2 548
1,995

99
97
39
64

38,051
37,876
37 878
37,203

15,463
15,462
15,463
15,462

5,554
5,541
5 538
5,513

38 209
38,465
38 432
38 333

457
470
489
467

838
865
1 012
810

131
133
130
137

204
177
189
185

1 103
1,028
966
925

18 125
17,739
17 660
17,321

3 134
3,246
3 341
3 448

21 259
20,985
21 001
20 769

20 826
20,575
20 574
20 465

433
410
427

Nov. 4
11
18
25

35,711
35 986
35 913
35,992

35,642
35 671
35 698
35,867

69
315
215
125

479
429
593
162

1,634
1 711
1,962
2,136

86
75
63
98

37,910
38 201
38 532
38,388

15,462
15 463
15,462
15,430

5,505
5 497
5 497
5,494

38,446 \
38 793
38 975
39,071

484
503
533
552

666
546
563
521

122
139
130
148

197
205
215
183

1,111
1 153
1 150
1,245

17,851
17 823
17 926
17,592

3,359
3 192
3 389
3,467

21,210
21 015
21 315
21 059

20,769
20 646
20 724
20,801

441
369
591
258

Dec. 2
9
16
23
30

36,667
37 335
37,335
36 926
36,936

36,667
37 335
37,020
36 660
36,570

315
266
366

377
124
162
291
535

1,860
1 950
2,084
2 907
2,884

65
71
50
52
55

38,969
39 480
39,632
40 175
40,409

15,387
15,387
15,388
15 387
15,388

5,456
5 400
5,402
5 404
5,397

39,277
39 476
39,743
39 834
39 852

554
571
593
608
620

827
873
1,024
978
990

224
186
142
144
221

196
186
176
183
177

886
1 231
1,106
1 057
996

17,848
17 745
17,637
18 160
18 338

3,528
3 397
3,750
3 681
3 653

21
21
21
21
21

376
142
387
841
991

20,987
20 852
20 999
21 444
21 429

389
290
388
397
562

161

122

29

For notes see Part A of this table.

Digitized for FRASER


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

531
679
739
256
140

20
20
20
20
20

304

rn

Dd

rn
r
>

I 1
HH
H
O

3
2
til
g
00

10.1

MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued

C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70Continued


[In millions of dollars]

Reserve Bank credit outstanding


U.S. Government securities
Week
ending

Discounts
and
advances

Float 2

All
other 3

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank reserves,


with F. R. Banks

70

Member bank reserves

Other
Federal
Reserve
accounts

With
F. R.
Banks

Total

Bought
outright

Repurchase
agreements

6
13
20.
27

37,058
36,816
36,460
36,440

36,515
36,515
36,403
36,334

543
301
57
106

340
460
322
252

2,622
2,149
2,249
1,841

92
97
81
98

40,111
39,522
39,112
38,631

15,388
15,330
15,187
15,187

5,407
5,394
5,393
5,387

39,552
39,282
38,927
38,644

630
649
662
657

674
780
1,015
997

228
186
178
151

283
205
212
213

1,026
970
902
877

18,513
18,174
17,797
17,668

Feb. 3
10.
17
24.

36,876
37,272
37,151
36,812

36,769
37,133
37,088
36,718

107
139
63
94

323
517
398
565

1,611
1,472
,540
,730

114
123
101
55

38,923
39,384
39,189
39,162

15,157
15,045
14,937
14,938

5,396
5,391
5,397
5,391

38,565
38,641
38,715
38,613

664
679
699
719

940
924
1,001
878

148
152
141
139

216
207
220
204

1,032
1,158
1,158
1,195

Mar. 3
10
17
24
31

36,911
37,319
37,371
37,305
37,419

36,835
37,211
37,308
37,305
37,401

76
108
63

315
426
388
482
502

,924
,624
,597
2,005
1,376

76
106
128
108
147

39,226
39,475
39,484
39,900
39,444

14,902
14,813
14,741
14,562
14,562

5,400
5,394
5,397
5,393
5,397

38,625
38,756
38,894
38,796
38,714

706
715
111
735
746

922
806
912
956
898

159
150
132
139
146

217
209
191
186
181

Apr. 7
14
21
28.

37,725
37,881
37,594
37,361

37,496
37,623
37,486
37,343

229
258
108
18

586
412
589
360

1,409
1,487
1,956
1,767

143
103
91
60

38,863
39,883
40,230
39 , 548

14,563
14,519
14,412
14,413

5,398
5,406
5,408
5,406

38,862
39,092
39,058
38,802

732
741
761
744

728
910
881
921

176
158
178
166

5
12
19
26

37,894
38,190
37,843
37,980

37,501
37,565
37,546
37,788

393
625
297
192

494
514
515
497

1,641
,557
,915
,598

108
71
61
70

40,137
40,332
40,333
40,146

14,411
14,395
14,353
14,335

5,409
5,399
5,407
5,397

38,825
39,071
39,095
39,047

747
744
762
762

837
1,010
1,060
791

J une 2
9
16
23
30

38,717
38,889
38,817
38,775
38,870

38,462
38,515
38,527
38,696
38,740

255
374
290
79
130

532
494
626
596
500

,446
,556
,632
2,037
1,678

78
67
55
47
54

40,772
41,006
41,131
41,455
41,102

14,291
14,293
14,292
14,292
14,227

5,399
5,394
5,394
5,409
5,413

39,239
39,472
39,555
39,528
39,513

759
765
111
778
111

July

39,588:
39,570
38,864
39,013

39,050
38,987
38,766
38,799

538
583
98
214

594
623
427
479

1,718
1,883
2,206
1,674

55
52
38
36

41,955
42,128
41,535
41,201

13,934
13,934
13,934
13,923

5,418
5,405
5,412
5,408

39,895
40,201
40,065
39,901

Aug 4
11
18
25

. . . . 39,400
39,651
39,136
39,134

38,903
39,259
39,037
38,971

497
392
99
163

544
619
493
547

1,440
1,480
1,770
1,692

35
36
35
36

41,418
41,786
41,434
41,409

13,857
13,858
13,858
13,858

5,423
5,422
5,426
5,441

Sept. 1
8
15
22
29

39,152
39,480
39,088
38,708
39,074

39,074
39,339
39,088
38,621
39,074

78
141

537
483
564
635
559

1,427
1,552
1,821
2,539
1,898

55
71
35
35
46

41,170
41,586
41,508
41,918
41,578

13,858
13,858
13,857
13,858
13,858

Oct.

39,850
39,779
39,486
39,292

39,850
39,749
39,424
39,292

547
507
611
372

1,721
1,717
2,210
1,916

77
58
40
61

42,196
42,061
42,347
41,642

13,857
13,857
13,858
13,857

Total

Treasury

Foreign

Other 2

W
*-*

-*H

Currency
and
coin 5

Ex-

Total

Required

3,688
3,669
3,643
3,590

22,201
21,843
21,440
21,258

21,854
21,252
21,051
20,917

347
591
389
34!

17,912
18,060
17,589
17,744

3,489
3,252
3,462
3,443

21,401
21,312
21,051
21,187

21,017
20,816
20,729
20,648

384
496
322

1,224
1,202
1,061
980
875

17,675
17,844
17,714
18,064
17,843

3,467
3,218
3,454
3,448
3,521

21,142
21,062
21,168
21,512
21,364

20,922
20,694
20,840
21,051
20,996

207
202
228
190

835
804
720
767

18,283
17,899
18,224
17,777

3,218
3,390
3,498
3,626

21,501
21,289
21,722
21,403

21,126
21,011
21,248
21,162

220
368
328
461
368
375

164
134
138
142

205
191
186
172

827
821
885
1,142

18,353
18,154
17,966
17,821

3,392
3,311
3,479
3,547

21,745
21,465
21,445
21,368

856
840
816
892
803

142
127
151
129
162

190
178
111
185
184

1,285
1,293
1,231
1,153
1,082

17,992
18,017
18,115
18,491
18,221

3,425
3,350
3,534
3,566
3,672

775
762
785
792

569
842
888
873

162
146
179
156

208
196
194
186

781
829
725
710

18,917
18,491
18,046
17,914

39,944
40,125
40,202
40,118

797
800
812
824

903
1,050
848
908

155
198
235
218

196
191
190
178

500
470
466
578

5,453
5,462
5,470
5,470
5,474

40,058
40,307
40,488
40,319
40,286

810
807
809
812
811

951
898
987
1,023
961

240
243
212
187
199

177
179
191
207
199

5,478
5,493
5,501
5,504

40,492
40,814
40,848
40,729

794
802
810
803

1,048
1,021
1,053
975

187
178
170
161

221
218
204
196

cess

ft
g

1965
Jan.

May

7.
14..:...
21
28 . .

6
13
20
27

Digitized for FRASER


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

is'

87
30
62

539

s,
>

hri

P
>
H
h-j
g
_

278
474
241

H^
HH
2

21,411
21,116
21,102
21,058

334
349
343
310

O)

21,417
21,367
21,649
22,057
21,893

21,086
21,065
21,247
21,642
21,555

331
302
402
415
338

3,251
3,615
3,617
3,680

22,168
22,106
21,663
21,594

21,820
21,574
21,469
21,272

348
532
194
322

18,204
18,230
17,965
17,885

3,579
3,370
3,549
3,636

21,783
21,600
21,514
21,521

21,397
21,177
21,185
21,110

386
423
329
411

398
389
312
220
222

17,846
18,082
17,836
18,478
18,232

3,728
3,329
3,749
3,636
3,679

21,574
21,411
21,585
22,114
21,911

21,141
21,039
21,118
21,679
21,554

433
372
467
435
357

233
203
78
81

18,557
18,175
18,544
18,058

3,495
3,530
3,730
3,782

22,052
21,705
22,274
21,840

21,609
21,405
21,781
21,643

443
300
493
197

Nov. 3
10
17
24

39 829
40,253
40 048
39,788

39,829
40,249
40,048
39,788

533
369
522
394

1,635
1,925
1,988
2,264

85
69
47
55

42,082
42,616
42,605
42,501

13,858
13,858
13,859
13,843

5,512
5,532
5,540
5,542

40,817
41,112
41,389
41,520

786
792
791
806

927
1,063
1,045
884

154
179
180
180

214
215
231
217

176
261
234
319

18,377
18.386
18 134
17,959

3,734
3,518
3,743
3,791

22,111
21,904
21,877
21,750

21,730
21,475
21,561
21,514

381
429
316
236

Dec. 1
8.
15
22
29

40,535
41,014
40,879
40,824
40,852

40,535
40,911
40,824
40,802
40,631

103
55
22
221

567
514
518
247
592

1,802
1,860
2,053
2,876
2,713

114
132
121
119
132

43,018
43,519
43,571
44,066
44,289

13,808
13,809
13,808
13,809
13,786

5,544
5,548
5,556
5,572
5,585

41 734
41,928
42,260
42,367
42,348

818
816
803
802
817

761
670
637
720
687

159
155
158
146
159

235
225
225
230
226

412
460
410
359
349

18,253
18,622
18,442
18,822
19,074

3,939
3,712
4,021
3,982
4,006

22,192
22,334
22,463
22,804
23,080

21,767
21,873
21,898
22,570
22,617

425
461
565
234
463

Jan. 5. .
12
19. .
26

41,030
41,145
40,333
40 210

40,607
40,823
40,333
40,210

423
322

600
613
242
374

2,366
2,390
2,441
2,085

185
160
112
146

44,181
44,309
43,128
42,816

13,733
13,734
13,733
13,733

5,583 42,053
5 597 41,963
5,609 41,618
5 615 41,237

788
804
827
839

612
681
708
746

166
178
136
144

295
232
242
231

346
490
479
481

19,237
19,291
18,459
18,485

4,033
3,941
4,008
3,966

23,270
23,232
22,467
22,451

22,951
22,544
22,259
22, 146

319
688
208
305

Feb. 2
9
16
23. .

40,548
41,117
40,809
40,224

40,299
40,708
40,542
40,224

249
409
267

439
523
473
540

1,907
1,671
1,739
2,041

111
114
109
108

43,005
43,425
43,130
42,912

13,732
13,734
13,733
13,733

5 635
5,646
5,647
5 660

41,085
41,196
41,283
41,219

830
833
833
840

834
879
910
681

178
152
135
129

235
235
236
232

540
713
745
876

18,669
18,796
18,368
18,329

3,869
3,527
3,785
3,777

22,538
22,323
22,153
22,106

22,190
21,979
21,816
21,708

348
344
337
398

Mar. 2
9
16
23
30

40,152
40 425
40,399
40 311
40,505

40,152
40,425
40,352
40,311
40,505

47

484
634
556
623
528

1,974
1,779
1,741
2,087
1,741

121
148
152
171
142

42,731
42 987
42 , 848
43,193
42,916

13,733
13,733
13,733
13,704
13,632

5 671
5 677
5 685
5 709
5 734

41,235
41,319
41,480
41 459
41,348

829
829
822
863
936

645
429
346
506
560

135
157
180
140
135

236
241
247
303
376

871
868
813
679
610

18,185
18 553
18,378
18 656
18,316

3,931 22,116
3 492 22,045
3,743 22,121
3 740 22 , 396
3,860 22,176

21,823
21 685
21,758
22 025
21,888

293
360
363
371
288

p 6. . .
Apr.

40,924
40,821
40,301
40,446

40,779
40,787
40,301
40,446

145
34

20.
27

643
623
706
666

1,637
1,869
2,176
1,988

120
117
111
154

43,325
43,431
43,293
43,254

13,633
13,633
13,632
13,632

5 739
5,760
5 776
5,781

41,510
41,864
41,768
41,563

930
933
951
949

309
138
268
466

173
158
146
133

387
395
406
404

607
558
448
454

18,782
18,778
18,713
18,699

3,576
3,624
3,914
3,916

22,358
22,402
22,627
22,615

22,025
22,042
22,254
22,235

333
360
373
380

May 4
11
18
25

40,837
41,239
40,947
41 015

40,755
40,940
40,812
41,015

82
299
135

637
702
685
674

1,928
1,777
2,025
1,983

157
114
114
155

43,560
43,831
43,771
43,827

13,633
13,618
13,532
13,532

5,797 41,605
5 819 41,834
5,833 41,924
5 860 41,859

935
941
966
988

510
517
591
855

157
131
137
130

400
391
384
375

417
411
436
640

18,966
19,044
18,700
18,372

3,769
3,549
3,775
3 869

22,735
22,593
22,475
22,241

22,449
22,253
22,156
21,927

286
340
319
314

June 1
8
15
22
29

41,457
41,682
41,659
41,528
41 795

41,457
41,661
41,601
41,528
41,795

21
58

832
567
800
697
776

1,670
1,765
1,809
2,254
1,979

181
215
182
186
232

44,139
44,230
44,450
44,665
44,783

13,534
13,533
13,533
13,505
13,432

5 869 41,988
5,888 42,226
5 911 42,356
5,931 42,327
5 933 42,251

995
992
,018
,052
,076

839
737
909
799
855

149
146
136
155
152

393
392
388
394
390

633
671
567
499
472

18,545
18,542
18,518
18,876
18,952

3,823
3,662
3,812
3,843
3,984

22 , 368
22,204
22,330
22,719
22,936

21,932
21,997
21,865
22,437
22,477

436
207
465
282
459

July

42,585
42,656
41,684
41,873

42,581
42,653 1
41,684
41,873

4
3

832
818
631
682

2,006
2,430
3,225
2,775

237
180
75
65

45,659
46,085
45,615
45,396

13,434
13,435
13,434
13,406

5,962 42,634
5,972 43,019
5 966 42,921
5 969 42,747

,066
,066
062
,076

710
1,022
1,156
1,216

208
147
160
144

428
418
433
400

454
437
332
270

19,554
19,383
18 951
18,916

3,619 23,173
3,869 23,252
3 984 22,935
4,031 22,947

22,823
22 , 528
22 764
22 , 678

350
724
171
269

Aug. 3
10
17 .
24
31

42,445
42 583
42,003
41,813
42,597

42,287
42 231
41,809
41,813
42,597

158
352
194

778
786
731
720
693

2,439
2,324
2,524
2,541
1,775

50
49
47
47
49

45,713
45 743
45,305
45,121
45,114

13,332
13,333
13,332
13,312
13,258

5,993
6 003
6 014
6,030
6 041

42,752
42 908
43,000
42,894
42,771

,052
047
,069
,081
079

1,286
1 105
1,065
1,056
1 083

319
139
131
126
138

420
404
414
401
412

168
283
265
386
352

19,042
19 194
18,708
18,519
18 578

3,945
3 684
3,898
3,935
4 063

22,987
22 , 878
22,606
22,454
22,641

22,634
22 417
22 329
22,080
22 277

353
461
277
374
364

Sept. 7
21
28

42,977
42,936
42 525
42,493

42,977
42,895
42,525
42,493

751
893
782
662

1,754
1,914
2,485
2,197

49
47
49
47

45,531
45,791
45,841
45,399

13,258
13,258
13,257
13,257

6 050
6,069
6 074
6,086

42,982
43,228
43,000
42,804

063
,071
084
,092

988
835
622
1,032

127
125
128
138

410
409
403
401

286
234
168
218

18,981
19,218
19 767
19,056

3 688
4,013
3 984
4,077

22,669
23,231
23,751
23,133

22 332
22,729
23 159
23,066

337
502
592
67

Oct. 5
12
19
26

42,999
42 969
42 521
42,794

42,989
42 969
42,521
42,715

79

843
947
805
533

1,825
1,880
2,155
2,043

55
95
51
70

45,722
45 891
45,532
45,440

13,258
13,258
13,256
13,256

6 106
6 121
6 145
6,154

42,878
43 228
43,267
43,088

091
099
120
,138

693
680
706
924

146
157
148
127

442
445
439
432

92
-56
-45

19,748
19 570
19 309
19,187

3 866
3 788
4 009
4,080

23,614
23 358
23 318
23,267

23 300
22 945
22 829
23,120

314
413
489
147

Nov. 2
9
16
23
30

43,019
43,474
43 415
42,977
43 527

42,958
43,281
43,265
42,959
43,171

61
193
150
18
356

610
661
726
455
650

1,770
1,890
1,951
2,450
1,902

73
75
74
85
113

45,472
46,100
46,165
45,967
46,191

13,257
13,258
13,259
13,257
13,230

6,167
6,185
6 212
6,230
6 241

43 , 089
43,406
43,765
43,876
44,106

,154
,163
168
,180
184

805
740
714
707
556

156
162
130
148
162

435
435
452
409
417

-33
17
59
258
279

19,290
19,620
19,347
18,875
18 958

4 090
3,735
4 007
4,048
4 268

23,380
23,355
23,354
22,923
23 226

23 101
22,977
22 807
22,739
22 766

279
378
547
184
460

Dec. 7
14. .
21
28

43 792
43 , 597
43,492
43 947

43,312
43,264
43,126
43,263

480
333
366
684

462
668
485
559

2,014
2,032
2,671
2, 111

132
110
159
184

46,399
46,407
46,808
47,468

13,158
13,158
13,158
1 3 , 1 59

6 252
6,283
6,291
6 297

44 210
44,603
44,675
44,773

188
,199
,188
191

452
127
203
352

162
181
155
154

415
412
416
425

255
63
32
52

19 126
19,262
19,588
19 977

4 062
4 256
4,304
4 188

23 188
23,518
23,892
24,165

23 007
23 008
23,688
23 728

181
510
204
437

1966

13...:::

6
20
27

41
10

For notes see Part A of this table.

Digitized for FRASER


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

QO

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMSContinued
C. WEEKLY AVERAGES OF DAILY FIGURES, 1951-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Week
ending
Total

Bought
outright

Repurchase
agreements

Discounts
and
advances

Float 2

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank reserves,


with F. R. Banks

Treasury

Foreign

Other 2

9
Other
Federal
Reserve
accounts

Member bank reserves

With
F. R.
Banks

Currency
and
coin 5

Total

Required

Excess

tn

GO

1967
Jan.

4
11.
18
25

44,230
44,553
43,937
43,940

43,697
44,000
43,797
43,906

533
553
140
34

566
586
218
538

2,493
2,217
2,111
2,026

203
207
118
77

47,491
47,563
46,384
46,581

13,159
13,159
13,158
13,158

6,311
6,344
6,348
6,360

44,670
44,445
44,004
43,567

1,194
1,214
1,221
1,234

375
510
565
699

167
143
149
174

529
435
445
410

-92
150
209
307

20,116
20,168
19,298
19,709

4,546
4,331
4,363
4,280

24,662
24,499
23,661
23,989

24,267
23,872
23,536
23,473

395
627
125
516

Feb.

43,698
1
44,133
8.
15...... 44,244
44,337
22.

43,698
43,928
43,987
43 , 844

205
257
493

176
354
456
477

2,267
2,017
,920
,855

75
126
127
142

46,216
46,630
46,747
46,811

13,159
13,159
13,159
13,144

6,375
6,392
6,402
6,420

43,343
43,405
43,614
43,568

1,242
1,252
1,260
1,252

598
448
704
686

138
145
141
128

431
482
436
434

344
393
423
588

19,654
20,056
19,729
19,720

4,255
3,793
3,997
4,093

23,909
23,849
23,726
23,813

23,569
23,560
23,308
23,230

340
289
418
583

44,188
44,550
44,563
44,717
44,659

43,942
44,276
44,192
44,378
44,529

245
274
371
339
130

167
202
173
302
138

,676
,553
,465
,858
,577

153
146
70
71
106

46,183
46,451
46,271
46,947
46,480

13,108
13,109
13,107
13,108
13,108

6,433
6,447
6,463
6,483
6,496

43,540
43,571
43,753
43,718
43,674

1,253
1,271
1,283
1,304
1,324

579
451
244
592
656

127
132
135
137
137

444
435
454
436
447

615
720
674
604
598

19,166
19,427
19,296
19,747
19,247

4,257
3,760
3,986
3,944
4,082

23,423
23,187
23,282
23,691
23,329

23,264
22,828
22,910
23,125
22,944

159
359
372
566
385

19
26.

45,012
45,013
44,929
45,142

44,759
44,840
44,888
45,098

253
173
41
44

193
165
199
123

,361
,463
,791
,493

110
122
106
129

46,677
46,763
47,024
46,888

13,108
13,108
13,109
13,108

6,503
6,517
6,529
6,553

43,680
43,914
43,894
43,754

1,328
1,340
1,360
1,382

658
612
795
1,087

130
135
120
119

454
465
465
469

648
634
506
511

19,390
19,289
19,520
19,227

3,999
3,873
4,060
4,158

23,389
23,162
23,580
23,385

22,942
22,936
23,102
23,139

447
226
478
246

May 3 .
10
17
24
31

45,597
45,929
45,543
45,530
45,726

45,295
45,469
45,243
45,530
45,657

302
460
300

159
88
148
75
127

,441
,384
,512
,532
,150

171
166
124
104
77

47,369
47,567
47,326
47,241
47,081

13,109
13,109
13,108
13,109
13,109

6,566
6,567
6,579
6,568
6,592

43,799
44,015
44,136
44,073
44,198

1,383
1,396
1,404
1,391
1,378

1,201
1,050
952
1,068
872

127
143
121
121
158

461
463
455
442
439

503
539
606
841
854

19,570
19,636
19,341
18,982
18,883

4,053
3,777
4,045
4,099
4,176

23,623
23,413
23,386
23,081
23,059

23,218
23,084
22,982
22,754
22,678

405
329
404
327
381

June 7
14.
21
28

45,955
45,596
45,654
45,940

45,869
45,596
45,587
45,924

86

102
68
116
165

,321
,380
,708
,408

101
74
73
128

47,478
47,118
47,552
47,642

13,109
13,108
13,108
13,108

6,590
6,598
6,608
6,610

44,438
44,600
44,598
44,574

1,380
1,380
1,393
1,378

734
471
520
968

131
131
121
126

459
450
450
490

835
609
525
530

19,200
19,183
19,661
19,293

3,976
4,030
4,106
4,254

23,176
23,213
23,767
23,547

22,845
22,858
23,506
23,116

331
355
261
431

M:
19.

46,809
47,158
46,471
46,715

46,755
47,101
46,471
46,715

54
57

366
74
53
54

,231
,704
1,847
1,632

137
160
85
79

48,543
49,097
48,455
48,479

13,110
13,110
13,109
13,109

6,614
6,610
6,603
6,616

44,856
45,253
45,085
44,864

1,464
1,479
1,477
1,485

1,088
1,073
1,021
1,188

148
134
128
116

508
483
484
468

360
470
380
368

19,841
19,921
19,592
19,716

4,043
4,145
4,297
4,305

23,884
24,066
23,889
24,021

23,422
23,423
23,653
23,589

462
643
236
432

Aug. 2
9
16.
23
30,

46,833
46,931
46,716
46, 504
46,249

46,833
46,804
46,604
46,504
46,249

119
91
129
47
46

1,439
1,385
1,367
1,614
1,290

80
129
80
74
67

48,470
48,536
48,292
48,238
47,651

13,094
13,057
13,057
13,058
13,044

6,632
6,642
6,656
6,674
6,693

44,849
44,985
45,135
45,020
44,918

1,473
1,480
1,486
1,497
1,495

1,390
920
1,007
1,021
1,076

115
128
126
133
121

464
457
471
442
443

250
226
198
257
183

19,655
20,038
19,583
19,602
19,151

4,319
3,922
4,180
4,171
4,324

23,974
23,960
23,763
23,773
23,475

23,679
23,589
23,381
23,300
23,215

295
371
382
473
260

Sept. 6.
13
20.
27.

46,693
46,207
46,055
46,452

46,600
46,207
46,055
46,452

79
70
106
74

1,410
1,544
1,754
1,530

65
59
56
137

48,247
47,880
47,971
48,193

13,008
13,007
13,007
13,006

6,714
6,726
6,739
6,759

45,131
45,398
45,223
45,044

1,495
1,483
1,487
1,502

697
202
362
927

133
126
126
129

471
491
473
454

110
103
24
37

19,932
19,810
20,021
19,865

3,993
4,229
4,295
4,347

23,925
24,039
24,316
24,212

23,593
23,653
23,908
24,001

332
386
408
211

Oct.

46,976
47,563
47,802
47,098

46,976
47,319
47,315
47,098

144
145
216
58

1,495
1,418
1,402
1,564

159
122
95
53

48,773
49 , 247
49,515
48,773

13,006
13,007
13,007
13,007

6,751
6,767
6,781
6,792

45,111
45,407
45,559
45,429

1,483
1,473
1,484
1,482

866
1,002
942
1,087

125
127
131
119

477
502
485
455

54
93
-93
-210

20,413
20,419
20,795
20,210

4,229
3,980
4,234
4,339

24,642
24,399
25,029
24,549

24,229
24,150
24,468
24,359

413
249
561
190

Mar. 1
8
15
22
29 .
(*
L/t

IS> Apr. 5

JU

26

4.
11.
18.
25

Digitized for FRASER


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

69

67
16

112
93

244
487

47 220
47 865
47 868
47 837
48,396

47,220
47,710
47,713
47,712
48,347

902
853
708
937

48,719
48,853
48 708
48 , 849

183

Jan. 3
10
17
24
31

49,298
49,183
48,758
49 105
48,970

49,044
49,109
48,700
49,105
48,936

254
74
58

7
14
21
28

49,344
49 210
48,443
48 724

48,925
48,815
48,443
48,724

49 077
49 278
49,840
49 621

Nov

1
8
15
22
29

Dec. 6
13
20
27

48
48
48
48

80
132
162
127
119

,289
,407
,487
,777
,548

53
54
54
54
55

48 , 643
49,458
49,570
49 , 796
50,117

12 978
12,907
12 907
12,906
12,908

6,789
6,777
6,782
6,782
6,785

45,341
45,563
45,878
46,089
46,347

,485
,474
,470
,451
,457

929
928
1 096
1 051
1,570

124
127
133
148
175

462
470
451
442
432

210
184
240
79
-345

20
20
20
20
20

279
762
470
383
176

4,426
3,992
4 229
4,239
4,482

24 705
24,754
24 699
24,622
24,658

24
24
24
24
24

414
424
181
401
274

291
330
518
221
384

87
121
185
345

1,655
1,652
2,155
2,388

76
144
71
115

50,721
50 769
51 119
51 785

12,771
12 432
12 432
12 434

6,776
6 773
6 775
6 783

46,480
46,918
47 093
47,293

,445
,445
444
405

1,306
787
844
709

160
140
156
150

444
427
434
412

65
6
245
251

20
20
20
21

498
252
600
285

4,342
4 458
4 603
4*402

24,840
24 710
25 203
25 687

24
24
24
25

552
377
936
245

288
333
267
442

495
180
224
233
241

2,335
2,334
1,987
1,726
1,449

158
74
75
123
91

52,286
51,772
51,044
51 186
50,751

11,982
11,983
11,984
11 982
11,983

6,784
6,781
6,781
6 784
6,786

47,233
46,857
46,493
46 117
45,763

1,344
1,385
1,397
1 390
1,391

949
1,054
1,019
939
1,096

147
161
156
149
161

567
493
473
471
467

-685
-679
-625
459
-426

21,480
21,265
20,896
21 346
21,069

4,968
4,646
4,675
4 576
4,603

26,448
25,911
25,571
25 922
25,672

25,795
25,347
25,414
25 546
25,336

653
564
157
376
336

419
395

241
384
405
442

1,451
1,267
1,734
1,556

63
89
62
58

51 099
50 949
50*643
50*779

11 954
11 882
11*882
11 883

6 788
6 788
6 792
6 796

45
45
45
45

777
942
881
817

361
343
333
319

912
1 071
1 051
1 022

142
137
140
147

450
462
455
461

554
608
453
444

21
21
20
21

752
272
911
137

4 169
4 258
4*364
4 499

25
25
25
25

921
530
275
636

25
25
24
25

546
042
896
323

375
488
379
313

49 019
49,166
49,840
49,621

58
112

501
787
748
597

1,729
1,473
1,668
1,534

57
56
56
103

51
51
52
51

883
609
872
484

6 797
6 795
6 801
6 800

45
46
46
46

832
205
233
153

301
275
224
129

992
1 008
1 059
844

152
122
166
205

489
478
505
465

418
474
609
597

21
21
21
20

695
386
406
941

4 102
4 162
4*266
4*385

25 797
25*548
25 672
25 326

25
25
25
25

481
090
258
165

316
458
414
161

155
155
125
49

88

1968

Feb

Mar 6
13
20.
27

34

363
595
312
855

11
11
10
10

Aor

3
10
17
24

49 843
50,153
50,219
49 927

49,634
49,950
49,952
49,927

209
203
267

711
661
778
666

1,449
1,637
1,804
1,841

99
119
70
56

52 103
52,570
52,871
52 490

10 484
10,484
10,484
10 484

6 797 46 363
6,797 46,647
6,799 46,901
6 797 46 608

120
,119
,126
124

537
531
422
1 038

182
168
148
160

653
582
534
487

579
-555
-667
594

21 109
21,369
21,691
20 950

4 354
4,065
4,399
4 553

25 463
25*434
26,090
25 503

25 132
25,028
25,563
25 377

331
406
527
126

May

1
8
15
22
29

50 238
50 617
50 521
50,549
50 589

50,103
50 200
50 069
50,402
50 589

135
417
452
147

689
837
725
682
111

1,461
1 467
1,493
1,861
1,501

69
109
78
70
56

52 458
53*030
52 819
53*162
52 923

10 484
10 484
10 484
10,470
10 384

6 797 46 487
6*796 46 668
6 794 46 920
6*795 46,908
6 794 46 937

115
109
1 082
1,058
1 053

1 073
935
1 080
1,228
1 076

194
148
132
145
165

490
482
499
486
463

601
684
698
-462
442

20 980
21 652
21 083
21,063
20 849

4 538
4 046
4 296
4,316
4 473

25 518
25 698
25 379
25,379
25 322

25 242
25 317
24 ' 979
25,057
24 931

276
381
400
322
391

June 5
12
19
26

50 619
50,899
50,973
52,009

50,619
50,609
50,850
51,797

112
290
123
212

691
677
820

1,540
1,576
1,812
1,737

54
77
75
118

52 985
53,242
53,537
54,685

10 382
10,367
10,367
10,367

6 794
6,794
6,782
6,766

47 277
47,506
47,574
47,484

1 017
1,004
982
947

784
856
1,072
1,063

309
157
146
161

477
457
451
481

742
-779
-715
13

21 038
21,203
21,176
21,669

4 294
4,197
4,421
4,548

25 332
25,400
25,597
26,217

25 124
25,090
25,331
25,639

208
310
266
578

July

52,217
52 282
51,994
51 904
52,118

52,217
52,203
51,890
51 904
52,084

79
104

506
425
484
652
615

1,831
2,026
1,913
2,023
1,627

102
66
76
57
106

54,656
54 800
54; 467
54 637
54*466

10,367
10 367
10 ',367
10 367
10 367

6,720 47,797
6 724 48 267
6,727 48,257
6 714 48 002
6 721 47 850

880
837
831
838
829

1,115
903
1,106
998
1 033

185
181
155
142
155

522
490
470
448
443

-136
392
-662
420
318

21,380
21 604
21,404
21 710
21 562

4,459
4 222
4,607
4 551
4 624

25,839
25 826
26*.011
26 261
26 186

25,657
25 393
25,737
25 851
25*828

182
433
274
410
358

52,483
52 518
52 788
52*663

52,160
52 212
52 604
52*663

323
306
184

748
580
619
374

1,645
,636
982
721

96
87
68
53

54,971
54 820
55 457
54 gio

10,367
10 367
10 367
10*367

6,726
6 730
6 734
6*740

47,976
48 289
48 252
48 190

824
811
808
808

845
927
998
1 084

204
189
173
125

475
449
467
444

-274
313
42
51

22,014
21 565
21 816
21 217

4,213
4 325
4 41 1
4 574

26,227
25 890
26 227
25*791

25,885
25 576
9< 619

342
314
514
179

SeP. ,4...... 52,975


52,341
18
51 630
25
51 844

52,975
52,341
51 630
51,844

454
634
405
475

,707
,904
2 203
2,223

51
51
50
49

55,188
54 930
54 288
54 592

10,367
10 367
10 367
10 367

6,730
6 733
6*735
6 742

48,431
48 685
48 567
48 325

787
787
790
798

938
148
208
866

140
134
128
123

101
60
292
293

21,430
21 771
21 525
21 437

4,451
4 421
4 449
4 418

25,881
26 192
25*974
25*855

25,626
25 636
9 finn
25 658

255
556
374
197

Oct. 2
52 893
9
53 063
16
53 496
23. . .. 53,289
30
53 402

52,829
53 063
53 397
53,232
53 345

541
403
516
337
495

1,839
1 964
2,016
2,183
1 718

54
53
106
59
56

55 328
55 482
56 135
55 868
55*671

10 367
10 367
10*367
10 367
10 367

6 744
6 749
6 754
6*759
6 767

48
48
48
48
48

306
550
764
702
556

791
786
780

145
156
132
131
127

21 903
21 812
22 366
22 ' 274
22 192

4 584
4*683
4 609
4 199
4 528

26 387
26 495
26 975
26 473
26*720

385
225
373
1
352

392
675
513
583

1 660
2,031
2 678
2,280

56
86
62
61

55
56
56
55

6 776 48 806
6*786 49 314
6*792 49 475
6 801 49 638

774
764
765
776

1 079
1 036
615
645

1 15
132
155
219

460
432
443
420

257
250
248
377
382
357
331
189
839

26 002

782

1 201
1 072
980
1 043
1 092

457
445
465
445
449
473
483
450
438

21 764
22 339
22 ' 648
22 177

4 590
4 731
4 312
4 417

26
27
26
26

531
434
575
859

2,276
2,627
3 384
3,735

59
59
58
63

56 147
55,589
56 089
56*878

6 807
6,809
6 807
6 812

776
755
749
754

583
191
70
461

225
233
234
217

448
438
444
445

1 018
-960
1 247
1 153

22 231
21,725
22 399
22 541

4 628
4,736
4 689
4 691

26 859
26,461
27 088
27 232

3
10
17
24
31. . ..

Aug. 7
14
21
28

Nov 6
13
20
27

53
53
53
52

Dec. 4
11
18
25.

53 281
52,468
52 072
52 232

389 53 294
740 , 53,555
502 53 502
945 52 945
53 252
52,468
52 072
52,168

34

64
99
57
57
95
185

29
64

For notes see Part A of this table.

Digitized for FRASER


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

498
530
754
869

10
10
10
10

367
367
367
367

10 367
10,367
10 367
10 367

50 077
50,383
50 616
50 803

112

354
070
960
594

OC -71 }

7ft' 9 7fl
96 ffY)

26 474
9fi TftR
9ft 1 fO

26 533
9ft'711

26 409
26 380
26*409
9fi 790

26 812

192
537
229
185
479
52
368
420

MEMBER BANK RESERVES AND RELATED ITEMS

10.1 MEMBER BANK RESERVES, RESERVE


C. WEEKLY AVERAGES OF
[In millions
Reserve Bank credit outstanding
U.S. Government securities

1969

Repurchase
agreements

Discounts
and
advances

Floats

All
others

Other
F.R.
assets

. Total

Gold
stock

Treasury
currency
outstanding

Total

Bought
outright

52,981
53,330
52,967
52,487
51,984

52,744
53,142
52,967
52,487
51,984

237
188

1,320
498
687
782
891

3,761
3,392
3,068
3,136
2,552

83
86
55
51
49

58,145
57,306
56,777
56,456
55,476

10,367
10,367
10,367
10,367
10,367

6,809
6,801
6,800
6,801
6,803

Jan.

1
8
15
22
29

Feb.

5
12
19
26....

52,061
52,220
52,541
52,229

52,053
52,053
52,108
52,124

8
167
433
105

744
799
1,044
757

2,542
2,610
2,630
2,669

50
78
143
104

55,397
55,707
56,357
55,759

10,367
10,367
10,367
10,367

6,803
6,807
6,809
6,813

Mar.

5
12
19....
26

52,168
52,074
52,188
52,081

52,055
52,040
51,999
51,901

113
34
189
180

734
875
776
964

2,540
2,423
2,548
2,317

68
55
85
74

55,511
55,427
55,596
55,437

10,367
10,367
10,367
10,367

6,772
6,818
6,816
6,821

Apr.

2
9. .
16. . . .
23
30....

52,194
52,331
52,173
52,512
52,852

51,952
52,105
52,173
52,269
52,549

242
226

243"
303

1 , 195
947
759
1,135
1,118

2,407
2,278
2,323
2,982
2,240

87
85
51
109
133

2,807
2,849
2,934

55,525
55,640
58,112
59,586
59,277

10,367
10,367
10,367
10,367
10,367

6,810
6,741
6,746
6,748
6,742

May

7....
14....
21...
28....

53,172
53,308
53,278
53,606

52,590
52,656
52,873
53,212

582
652
405
394

1,603
1,171
1,358
1,303

2,223
2,103
2,398
2,049

122
125
117
103

2,896
3,146
2,887
2,729

60,015
59,853
60,039
59,788

10,367
10,367
10,367
10,367

6,729
6,734
6,739
6,740

June

4
11.
18....
25, .

53,864
54,100
54,038
53,864

53,636
53,920
54,038
53,864

228
180

1,521
1,260
1,315
1,323

2,268
2,388
2,511
2,682

66
56
45
43

2,508
2,560
2,617
2,675

60,227
60,364
60,526
60,587

10,367
10,367
10,367
10,367

6,742
6,744
6,745
6,751

July

2..
9
16. .
23
30..

54,214
54,586
54,601
54,189
53,897

54,044
54,443
54,565
54,161
53,897

170
143
36
28

1,634
1,020
1,279
1,354
1,269

2,419
2,802
2,680
3,145
2,224

61
56
43
43
41

2,672
2,677
2,698
2,634
2,690

61,001
61,141
61,302
61,365
60,121

10,367
10,367
10,367
10,367
10,367

6,745
6,740
6,737
6,735
6,737

Aug.

6. . .
13.
20, . . .
27.

54,617
54,531
54,459
54,559

54,138
54,067
54,422
54,483

479
464
37
76

1,090
1,329
1,221
1,204

2,228
2,247
2,641
2,182

62
62
44
47

2,605
2,640
2,682
2,715

60,602
60,809
61,048
60,707

10,367
10,367
10,367
10,367

6,739
6,738
6,734
6,738

Sept. 3..
10
17..
24

54,791
53,869
53,187
53,828

54,638
53,869
53,133
53,726

153

1,240
740
1,018
1 , 106

2,095
2,473
2,619
2,820

52
40
44
44

2,770
2,930
2,954
3,067

60,949
60,053
59,823
60,865

10,367
10,367
10,367
10,367

6,754
6,757
6,758
6,761

Oct.

1
8
15..
22
29...

54,123
54,408
54,922
54,890
54,557

53,813
54,030
54,566
54,738
54,557

310
378
356
152

1,436
967
1,347
1,015
1,179

2,184
2,316
2,165
3,031
2,377

40
73
74
55
40

3,300
3,224
3,182
3,137
3,117

61,083
60,987
61 , 690
62,129
61,270

10,367
10,367
10,367
10,367
10,367

6,777
6,781
6,779
6,785
6,792

Nov.

5
12
19.
26

55,624
56,007
56,745
56,909

55,345
55,930
56,745
56,909

279
77

,328
,244
,071
,210

2,172
2,312
2,892
2,717

48
46
43
48

2,945
2,881
2,380
2,026

62,116
62,491
63,131
62,910

10,367
10,367
10,367
10,367

6,802
6,804
6,809
6,819

Dec.

3.
10...
17
24
31..

57,479
57,664
57,435
57,237
57,491

57,311
57,483
57,279
57,173
57,154

168
181
156
64
337

,191
,200
,044
,096
1,104

2,539
2,688
3,050
3,556
3,976

55
67
77
66
98

2,008
2,035
2,134
2,248
2,480

63,273
63,654
63,740
64,203
65,149

10,367
10,367
10,367
10,367
10,367

6,823
6,836
6,841
6,846
6,848

54
102

For notes see Part A of this table.

Digitized for FRASER


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

554

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMSContinued


DAILY FIGURES, 1951-70Continued
of dollars]
Deposits, other than member bank reserves,
with F. R. Banks

Currency
in
circulation

Treasury
cash
holdings

50,956
50,472
50,023
49,537
49,153

740
763
762
763
761

579
579
563
545
715

215
217
216
201
132

560
490
485
485
477

49,064
49,307
49,377
49,148

761
761
764
763

490
831
669
562

129
133
133
129

49,131
49,459
49,554
49,471

742
732
725
721

531
465
490
615

49,514
49,766
49,863
49,681
49,507

711
710
704
712
698

49,646
49,959
49,968
50,033

Other
Federal
Reserve
accounts

Other
F. R.
liabilities
and
capital

Member bank reserves


Week ending

With
F. R.
Banks

Currency
and
coins

Total

Required

1,148
1,201
1,156
1,232
1,129

23,419
23,153
23 , 050
23,326
22,537

4,921
4,802
5,517
5,023
5,035

28,340
27,955
28,567
28,349
27,572

27,439
27,753
28,335
28,076
27,384

901
202
232
273
188

502
477
500
483

993
1,009
1,014
793

22,616
22,382
23,105
22,647

4,821
4,878
4,486
4,452

27,437
27,260
27,591
27,099

27,202
27,039
27,228
26,895

235
221
363
204

Feb.

125
156
161
165

481
468
486
436

718
733
978
1,029

22,357
22,064
22 , 342
22,247

4,628
4,704
4,368
4,375

26,985
26,768
26,710
26,622

26,778
26,520
26,625
26,354

207
248
85
268

Mar, 5
12
19
26

576
377
8
429
625

140
155
126
121
119

480 976
549 775
514
506
469

1,937
1,868
1,929

22,257
21,966
22,072
23,384
23,038

4,486
4,633
4,544
4,196
4,619

26,743
26,599
26,616
27,580
27,657

26,434
26,374
26,472
27,408
27,572

309
225
144
172
85

Apr. 2
9
16
23
30

709
689
683
680

591
658
528
404

159
127
131
123

458
451
433
442

2,002
1,971
1,897
1,972

23,546
23,099
23 , 506
23,243

4,664
4,707
4,266
4,486

28,210
27,806
27,772
27,729

27,727
27,545
27,656
27,616

483
261
116
113

...May 7
14
21
28

50,441
50,666
50,777
50,686

689
679
671
664

500
734
1,097
1,289

105
102
102
109

447
448
453
468

2,052
2,123
1,914
1,958

23,102
22,724
22,624
22,530

4,541
4,720
4,412
4,436

27,643
27,444
27,036
26,966

27,274
26,996
26,937
26,775

369
448
99
191

June

4
11
18
25

50,913
51,383
51,462
51,208
51,006

655
646
642
661
676

1,068
1,052
1,118
1,184
1,177

128
176
128
137
123

491
495
467
457
453

2,022
2,112
2,048
1,963
2,019

22,837
22,384
22,540
22,857
21,770

4,663
4,792
4,735
4,307
4,824

27,500
27,176
27,275
27,164
26,594

27,004
27,063
27,099
26,782
26,448

496
113
176
382
146

Julyy

2
9
16
23
30

51,120
51,433
51,375
51,294

663
659
674
682

867
1,024
746
895

153
143
135
139

476
464
483
464

2,118
2,102
1,972
2,033

22,313
22,090
22,764
22,306

4,729
4,870
4,395
4,603

27,042
26,960
27,159
26,909

26,791
26,627
27,100
26,697

251
333
59
212

51,499
51,618
51,545
51,315

678
682
683
676

868
15
33
1,168

148
121
123
134

462
460
445
435

2,121
2,177
1,970
1,989

22,295
22,105
22,149
22,274

4,655
4,836
4,665
4,657

26,950
26,941
26,814
26,931

26,548
26,550
26,682
26,727

402
391
132
204

Sept

3
10
17
24

51,197
51,454
51,849
51,819
51,650

666
666
670
663
660

1,130
912
1,104
943
945

123
134
116
117
117

464
497
511
462
450

2,055
2,152
2,018
2,029
2,085

22,591
22 , 320
22,567
23,248
22,522

4,809
4,833
4,812
4,366
4,650

27,400
27,153
27,379
27,614
27,172

27,080
27,014
27,161
27,458
27,092

320
139
218
156
80

Oct

1
8
15
22
29

51,833
52,314
52,551
52,687

662
670
662
661

1,114
1,155
1,074
1,018

136
137
147
122

463
447
436
436

2,183
2,139
2,068
2,138

22,894
22,800
23,370
23,033

4,767
4,925
4,599
4,568

27,661
27,725
27,969
27,601

27,365
27,354
27,823
27,463

296
371
146
138

Nov

5
12
19
26

53,059
53,287
53,525
53,757
53,975

664
652
656
651
659

1,022
1,183
975
1,246
1,405

123
138
149
143
163

455
427
437
449
517

2,238
2,318
2,126
2,133
2,153

22,902
22,852
23,080
23,037
23,493

4,835
4,923
4,936
4,839
5,187

27,737
27,775
28,016
27,876
28,680

27,534
27,484
27,919
27,612
28,152

203
291
97
264
528

Dec.

3
10
17
24
31

Treasury

Digitized for FRASER


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

Foreign

Othei"

555

Excess

1969
Jan.

;::::;::::::::::::

AUK

1
8
15
22
29
5
\2
19
26

is6

20
27

MEMBER BANK RESERVES AND RELATED ITEMS

10.1

MEMBER BANK RESERVES, RESERVE


C. WEEKLY AVERAGES OF
[In millions

Reserve Bank credit outstanding


U.S. Government securities
Week
ending

Repurchase
agreements

Discounts
and
advances

Float 2

All
othe^

Other
F. R.
assets

Total

Gold
stock

Special
drawing
rights
certif.
acct.

Treasury
currency
outstanding

Total

Bought
outright

57,319
56,297
56,240
55,502

56,980
56,297
56,240
55,502

339

852
865
963
1,030

3,707
3,767
3,598
3,048

99
66
62
62

2,731
1,874
1,887
2,033

64,708
62,869
62,749
61,675

10,367
11,367
11,367
11,367

200
200
200

6,858
6,856
6,856
6,854

Feb. 4
11. .
18
25. .

55,892
55,768
56,299
55,769

55,511
55,521
55,543
55,487

381
247
756
282

1,258
1,069
1,110
1,077

2,488
2,525
2,395
2,532

86
80
114
83

1,905
2,003
1,729
1,765

61,630
61,446
61,657
61,226

11,367
11,367
11,367
11,367

200
200
229
300

6,857
6,865
6,867
6,873

Mar. 4. .
11
18
25

55,700
55,393
56,032
55,838

55,700
55,393
55,906
55,825

126"
13

876
972
857
976

2,382
2,427
2,450
2,665

57
55
63
56

1,988
2,013
2,069
2,089

61,002
60,860
61,471
61,624

11,367
11,367
11,367
11,367

300
300
314
400

6,883
6,887
6,888
6,894

Apr. 1
8
15
22
29

55,986
55,727
56,121
55,975
56,017

55,714
55,674
55,830
55,832
55,760

272
53
291
143
257

989
536
1,057
1,016
984

2,886
3,466
2,914
3,571
3,160

74
66
98
70
86

2,125
2,153
2,189
2,231
2,267

62,060
61,948
62,379
62,863
62,514

11,367
11,367
11,367
11,367
11,367

400
400
400
400
400

6,903
6,907
6,914
6,924
6,931

May 6

57,178
57,311
57,435
57,040

56,914
57,311
57,261
57,040

264

864
900
1,269
1,023

3,080
2,932
3,196
2,845

92
54
73
50

2,228
2,098
1,589
1,294

63,443
63,295
63,562
62,252

11,367
11,367
11,367
11,367

400
400
400
400

6,949
6,959
6,968
6,974

June 3
10.
17
24.

57,388
57,540
57,977
57,299

57,295
57,438
57,977
57,299

93
102

1,314
947
748
977

2,785
2,601
2,950
3,180

50
52
38
38

1,192
1,228
1,371
1,424

62,729
62,368
63,084
62,918

11,367
11,367
11,367
11,367

400
400
400
400

6,981
6,991
6,996
7,004

July

1.
8
15, .
22
29.

57,744
57,671
58,402
58,535
58,267

57,744
57,671
57,671
58,309
58,267

73i"
226

1,081
1,384
1,771
1,469
1,271

2,639
3,213
2,688
3,194
2,588

33
34
97
74
37

1,521
1,378
1,250
1,257
1,307

63,017
63,680
64,208
64,530
63,469

11,367
11,367
11,367
11,367
11,367

400
400
400
400
400

7,007
7,000
6,988
6,990
6,993

Aug. 5. .
26

58,840
59,274
59,972
59,679

58,560
58,826
59,470
59,679

280
448
502

1,050
1,213
706
667

2,421
2,408
2,667
2,499

47
40
66
37

1,354
1,403
1,299
1,068

63,713
64,339
64,711
63,949

11,367
11,367
11,367
11,367

400
400
400
400

7,000
7,002
7,006
7,011

Sept. 2
9
16
23
30

59,856
60,209
60,211
59,309
59,776

59,710
59,903
59,667
59,309
59,531

146
306
544

660
763
500
460
661

2,285
2,660
2,844
3,394
2,565

49
66
79
39
60

1,109
,152
,206
,215
,312

63,959
64,850
64,840
64,416
64,372

11,367
11,367
11,367
11,331
11,117

400
400
400
400
400

7,032
7,043
7,048
7,050
7,057

Oct.

59,568
59,516
59,599
59,287

59,366
59,366
59,350
59,287

202
150
249

398
450
586
433

2,581
2,760
3,335
3,024

49
44
49
35

,692
,734
,761
,778

64,289
64,504
65,331
64,556

11,117
11,117
11,117
11,117

400
400
400
400

7,062
7,066
7,070
7,075

Nov. 4
11
18
25

59,958
59,879
60,652
60,452

59,528
59,434
59,943
60,350

432
445
709
102

423
445
330
436

2,640
3,122
2,914
3,186

64
75
88
41

,633
,642
,382
1,013

64,720
65,163
65,366
65,128

11,117
11,117
11,117
11,117

400
400
400
400

7,097
7,097
7,099
7,105

Dec. 2
9
16.
23
30

61,378
61,203
61,81361,771
61,704

60,866
60,898
61,226
61,512
61,554

512
305
587
259
150

455
290
399
325
270

2,837
3,013
2,927
3,799
4,643

82
119
97
91
70

952
978
1,006
1,051
1,097

65,704
65,604
66,243
67,036
67,783

11,117
11,117
11,117
11,117
11,117

400
400
400
400
400

7,111
7,115
7,124
7,178
7,171

Jan.

1970
7
14
21
28

n...:....

20. .
27

12..::::::
19

7...
14
21
28

174"

245"

For notes see Part A of this table.

Digitized for FRASER


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

556

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMSContinued


DAILY FIGURES, 1951-70Continued
of dollars]

Currency
in
circulation

Deposits, other than member bank reserves,


with F. R, Banks

Treasury
cash
holdings

Treasury

Foreign

Other

Other
F. R.
liabilities
and
capital
2

Member bank reserves


Week
ending

With
F. R.
Banks

Currency
and
coin5

Total

Required

Excess

1970
Jan.

53,586
53,040
52,521
52,090

666
659
651
649

1,263
1,262
1,109
1,197

207
181
161
137

530
678
671
675

1,967
1,997
2,057
2,105

23,713
23,474
24,003
23,243

4,983
5,514
5,397
5,275

28,696
28,988
29,400
28,518

28,411
28,911
29,196
28,406

285
77
204
112

51,960
52,143
52,202
52,080

633
618
607
600

1,071
1,164
1,047
1,085

157
150
169
196

682
630
724
759

2,190
2,267
2,084
2,100

23,360
22,906
23,286
22,946

5,055
5,091
4,773
4,631

28,415
27,997
28,059
27,577

28,204
27,790
27,810
27,405

211
207
249
172

. . Feb. 4
11
18
25

52,107
52,319
52,508
52,459

588
575
569
573

1,005
1,049
1,062
1,223

267
212
215
187

770
714
745
792

2,173
2,233
2,040
2,089

22,640
22,311
22,902
22,962

4,822
4,922
4,729
4,510

27,462
27,233
27,631
27,472

27,264
27,162
27,481
27,376

198
71
150
96

Mar. 4
11
18
25

52,566
52,718
52,988
52,945
52,817

572
576
567
567
559

1,281
1,156
954
1,158
1,384

238
214
136
143
158

820
881
876
863
863

2,151
2,218
2,161
2,042
2,110

23 , 100
22,859
23,378
23,835
23,320

4,706
4,850
4,884
4,537
4,806

27,806
27,709
28,262
28,372
28,126

27,467
27,530
28,160
28,214
28,014

339
179
102
158
112

53,111
53,568
53,589
53,517

557
545
542
538

1,513
1,726
1,431
1,265

192
247
203
119

854
886
854
804

2,243
2,255
2,132
2,199

23,688
22,794
23,546
22,552

4,899
4,951
4,549
4,779

28,587
27,745
28,095
27,331

28,237
27,717
27,881
27,287

350
28
214
44

. . . . . . May ^6

53 , 774
54,037
54,261
54, 172

524
516
499
484

1,230
819
1,010
1,195

134
145
157
207

801
793
835
800

2,292
2,369
2,180
2,189

22,721
22,448
22,905
22,641

4,892
5,021
4,798
4,632

27,613
27,469
27,703
27,273

27,418
27,333
27,430
27,185

195
136
273
88

. . June 3
10
17
24

54,178
54,653
54,990
54,747
54,488

456
444
437
455
460

1,129
1,311
1,197
1,036
1,059

163
186
225
181
173

786
791
742
748
758

2,256
2,321
2,282
2,170
2,217

22,823
22,739
23,090
23,949
23,075

5,000
5,108
5,132
4,424
5,108

27,823
27,847
28,222
28,373
28,183

27,550
27,773
27,992
28,188
28,030

273
74
230
185
153

54,588
54,898
54,917
54,702

461
450
442
451

1,054
996
1,169
1,045

190
171
179
187

790
866
921
786

2,337
2,355
2,175
2,231

23,060
23,372
23,681
23,325

5,082
5,216
4,834
4,852

28,142
28,588
28,515
28,177

27,954
28,309
28,423
28,039

188
279
92
138

54,673
55,017
55,245
54,864
54,631

461
463
462
451
448

1,041
1,128
980
1,117
1,090

160
156
150
129
125

761
765
768
760
695

2,311
2,392
2,343
2,191
2,258

23,351
23,741
23,708
23,686
23,700

5,019
5,190
5,213
4,708
5,334

28,370
28,931
28,921
28,394
29,034

28,192
28,516
28,565
28,441
28,762

178
415
356
-47
272

54,823
55,200
55,228
55,015

457
461
455
459

874
1,037
1,110
1,182

135
139
130
145

729
809
746
711

2,333
2,294
2,154
2,205

23,518
23,148
24,095
23,433

5<,268
5,316
4,795
5,014

28,786
28,464
28,890
28,447

28,434
28,423
28,701
28,256

352
41
189
191

Oct.

55,145
55,652
55,961
56,040

464
448
451
456

1,041
988
899
747

169
170
153
135

750
758
716
681

2,292
2,379
2,145
2,208

23,471
23,381
23,655
23,484

5,181
5,344
5,108
4,889

28,652
28,725
28,763
28,373

28,334
28,443
28,599
28,297

318
282
164
76

Nov. 4
11
18
25

56,358
56,566
56,964
57,234
57,424

451
442
429
417
409

720
634
763
828
1,205

130
138
135
143
162

719
717
734
696
711

2,296
2,363
2,299
2,176
2,231

23,658
23,375
23,560
24,238
24,329

5,217
5,343
5,478
5,060
5,514

28,875
28,718
29,038
29,298
29,843

28,458
28,582
28,918
29,088
29,409

417
136
120
210
434

Dec,

Digitized for FRASER


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

557

:.

7
14
21
28

..Apr. 1

15
22
29

20
27

July

1
8
15
22
29

Aus

-i!19
26

Sept. 2
9
16
23
30
7
14
21
28

2
9
16
23
30

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D. WEDNESDAY FIGURES, 1941-70
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Date
Total

Bought
outright

Repurchase
agreements

Discounts
and
advances

Float

All
other 3

Gold
stock
Total

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Treasury

Foreign

Other

Member bank reserves


Other
Federal
Reserve
accounts

Total

Required 9

Excess s>

1941
Jan

8
15
22

2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184

3
4
4
3

42
59
61
33

8
8
8
8

2,237
2,254
2,256
2,228

22,034
22,066
22,089
22,110

3,088
3,092
3,095
3,097

8,628
8,542
8,541
8,548

2,203
2,195
2,196
2,200

220
237
261
258

1,123
1,230
1,231
1,216

617
512
520
584

284
283
283
283

14,284
14,414
14,410
14,347

7,449
7,518
7,546
7,548

6,835
6,896
6,864
6,799

5
12

2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184

2
3
2
3

23
66
41
28

8
8
8
8

2,217
2,260
2,235
2,223

22,122
22,130
22,140
22,179

3,099
3,100
3,102
3,101

8,627
8,665
8,688
8,725

2,212
2,212
2,222
2,204

692
622
479
368

1,184
1,164
1,130
1,132

600
673
655
619

283
283
282
282

13,842
13,871
14,021
14,175

7,536
7,540
7,581
7,633

6,306
6,331
6,440
6,542

2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184

2
1
1
1

43
51
65
27

8
8
8
8

2,237
2,244
2,259
2,221

22,237
22,318
22,335
22,359

3,103
3,106
3,104
3,108

8,805
8,811
8,826
8,842

2,192
2,196
2,208
2,230

391
421
913
906

1,121
1,163
1,175
1,168

651
585
547
620

280
280
289
288

14,136
14,211
13,741
13,633

7,701
7,728
7,635
7,622

6,435
6,483
6,106
6,011

2,184
2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184
2,184

1
51
2
2

51
39
93
46
40

8
7
8
8
8

2,244
2,235
2,286
2,239
2,234

22,384
22,413
22,421
22,482
22,506

3,110
3,113
3,116
3,118
3,122

8,944
8,993
8,989
8,992
9,071

2,251
2,272
2,269
2,299
2,283

1,045
813
534
947
865

1,148
1,266
1,243
1,272
1,251

555
475
520
536
579

288
288
289
289
288

13,506
13,656
13,979
13,506
13,524

7,565
7,629
7,715
7,746
7,753

5,941
6,027
6,264
5,760
5,771

2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184

2
2
4

35
45
42
35

8
8
8
8

2,229
2,239
2,237
2,231

22,525
22,538
22,565
22,573

3,125
3,129
3,131
3,133

9,151
9,155
9,186
9,294

2,292
2,283
2,280
2,221

804
762
477
462

1,227
1,235
1,241
1,240

679
726
730
686

288
287
286
286

13,440
13,458
13,732
13,749

7,729
7,769
7,877
7,925

5,711
5,689
5,855
5,824

2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184

2
2
2
2

45
54
46
54

9
9
9
9

2,240
2,249
2,241
2,249

22,579
22,593
22,612
22,620

3,136
3,138
3,142
3,148

9,394
9,393
9,433
9,490

2,229
2,240
2,258
2,275

993
941
1,024
1,081

1,244
1,227
1,230
1,240

608
582
625
651

285
285
295
295

13,201
13,312
13,131
12,985

7,794
7,824
7,817
7,840

5,407
5,488
5,314
5,145

2,184
2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184
2,184

3
3
2
3
5

77
52
98
51
46

9
9
10
10
10

2,273
2,249
2,294
2,248
2,247

22,627
22,640
22,655
22,664
22,673

3,150
3,152
3,157
3,161
3,163

9,704
9,695
9,645
9,634
9,697

2,276
2,291
2,309
2,320
2,330

837
1,039
849
954
921

1,208
1,192
1,185
1,165
1,144

612
564
607
594
604

289
289
289
288
288

< 13,125
12,971
13,223
13,117
13,097

7,860
7,847
7,887
7,936
7,942

5,265
5,124
5,336
5,181
5,155

2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184

5
10
8
10

32
44
70
77

9
9
10
10

2,231
2,247
2,272
2,281

22,682
22,703
22,710
22,716

3,169
3,172
3,178
3,178

9,795
9,792
9,840
9,899

2,345
2,361
2,377
2,378

839
919
785
772

1,202
1,194
1,203
1,153

664
622
632
690

287
287
285
285

12,951
12,948
13,037
12,998

7,933
7,921
7,979
8,004

5,018
5,027
5,058
4,994

2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184

12
14
11
12

35
48
112
74

10

10
9
9

2,241
2,255
2,316
2,279

22,722
22,733
22,741
22,749

3,180
3,185
3,188
3,194

10,034
10,036
10,046
10,070

2,400
2,397
2,408
2,350

708
456
334
379

1,152
1,144
1,126
1,111

682
699
709
745

284
283
293
293

12,884
13,158
13,328
13,273

8,027
8,047
8,079
8,071

4,857
5,111
5,249
5,202

22
29

2,184
2,184
2,184
2,184
2,184

2,184
2,184
2,184
2,184
2,184

11
11
8
4
5

40
61
112
93
51

9
9
9
10
10

2,244
2,265
2,313
2,291
2,250

22,761
22,772
22,778
22,786
22,796

3,196
3,203
3,207
3,214
3,219

10,183
10,237
10,283
10,278
10,307

2,259
2,241
2,222
2,195
2,209

309
304
259
977
915

1,185
1,165
1,188
1,141
1,189

733
711
732
659
721

292
291
292
292
292

13,240
13,290
13,321
12,749
12,632

8,047
8,081
8,087
8,094
8,030

5,193
5,209
5,234
4,655
4,602

5
12

2,184
2,184

2,184
2,184

6
6

47
62

10
10

2,247
2,263

22,788
22,793

3,221
3,222

10,421
10,472

2,195
2,213

933
807

1,147
1,129

674
660

291
290

12,594
12,707

9,108
9,167

3,486
3,540

29
Feb

19
26
Mar

Apr

5
12
19
26

. . .

16

23
30

May

7
14

21

28

June

4
11

18

25

July

16
23
30
S

. . .

13

20

27

Sept

10

17

24
Oct

15

Nov

Digitized for FRASER


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

19
26

2,184
2,184

2,184
2,184

5
6

107
84

10
10

2,307
2,284

22,778
22,781

3,22S
3,230

10,535
10,567

2,184
2,195

598
440

1,046
1,029

718
648

290
288

12 942
13,126

9 250
9 327

3 692
3 799

3
10
17
24
31

2,184
2 196
2,240
2 243
2,254

2,184
2 196
2,240
2 243
2,254

6
4
7
3

90
75
178
239
94

10
10
10
10
10

2,289
2286
2,433
2499
2,361

22,770
22 774
22,747
22750
22,737

3,233
3,236
3,238
3,244
3,247

10,717
10,834
11,023
1 1 ,224
11,160

2,180
2,185
2,193
2,195
2,215

321
157
925
908
867

1,008
935
853
809
774

601
679
630
613
586

288
287
297
295
291

13,178
13 219
12,497
12447
12450

9 318
9 377
9412
9 391
9 365

3 860
3 842
3085
3 056
3 085

2,254
2,254
2,250
2243

2,254
2254
2,250
2243

4
4
3
4

118
123
120
83

10
10
9
9

2,386
2,390
2,383
2,339

22,742
22,740
22,750
22744

3,248
3,252
3,255
3,256

11,109
11,062
11,077
11,097

2,220
2,224
2,204
2,196

663
419
284
302

787
755
730
716

588
640
657
663

292
291
292
290

12,717
12992
13,145
13 075

9 332
9431
9561
9 596

3 385
3 561
3 584
3 479

Feb. 4
11
18
25

2243
2243
2250
2 262

2243
2243
2250
2262

4
-3
3
4

61
77
142
117

9
9
9
9

2,316
2 331
2,404
2 392

22,738
22741
22712
22715

3,259
3,263
3,264
3266

11,231
11 319
11,339
11 422

2,201
2 194
2,181
2 189

376
319
264
798

682
681
626
650

685
629
625
504

289
288
288
288

12849
12905
13 058
12 521

9
9
9
9

523
548
598
643

3 326
3 357
3*460
2 878

Mar 4
11
18
25

2262
2253
2 249
2'244

2 262
2,253
2249
2*244

6
6
6
6

125
79
87
67

9
9
9
9

2402
2,347
2 351
2,326

22705
22,709
22 686
22684

3,269
3,271
3273
3,274

11,518
11,520
11,474
11,462

2 180
2,176
2 168
2,175

287
60
59
472

716
744
742
727

555
573
632
625

286
286
297
296

12 835
12968
12939
12 527

9 627
9 702
9 778
9 680

3 208
3*266
3 161
2 847

Apr. I
15
22
29

2244
2243
2'254
2296
2,350

2244
2 243
2254
2 296
2 350

9
7
9
4
7

77
124
142
90
76

9
10
10
10
10

2,339
2 384
2,415
2400
2,443

22,672
22675
22,678
22 686
22,689

3,277
3 279
3,280
3 284
3,286

11,593
11,610
11,624
11,642
11,723

2,187
2,177
2,166
2,189
2,186

362
190
301
243
128

748
723
926
916
893

606
628
558
616
528

295
295
295
295
297

12496
12 715
12 502
12 470
12 662

9 497
9 546
9*616
9 718
9 847

2999
3 169
2*886
2 752
2 815

6...'
13
20
27

2,436
2484
2445
2489

2436
2484
2,445
2489

8
8
5
6

118
109
117
78

10
10

2,572
2 612
2,578
2 584

22,703
22 706
22,709
22 712

3,291
3,294
3,299
3,302

11,845
11,861
11,888
11,971

2,193
2,191
2,188
2,197

376
158
304
239

955
936
950
948

458
504
477
483

295
294
293
293

12 444
12667
12486
12467

9 753
9 742
9 921
9 932

2 691
2 925
2 565
2 535

June 3
10
17 .
24

2 532
2,568
2579
2,583

2 532
2,568
2 579
2,583

6
6
5
5

174
124
209
99

11

2723
2,708
2,803
2,698

22715
22,717
22729
22,735

3,306
3,310
3,311
3,313

12,141
12,176
12,208
12,231

2,188
2,213
2,189
2,191

110
92
160
139

943
978
961
965

416
355
315
393

293
293
304
303

12 653
12629
12 706
12 523

9 870
9 847
9 915
9 875

2 783
2 782
2 791
2 648

July

1
8
15
22
29

2 728
2909
3 038
3,047
3 110

2 278
2909
3 038
3047
3 110

3
3
4
5
5

131
146
174
133
110

11
11
11
12

2 873
3,069
3 227
3,196
3 237

22 739
22,740
22 742
22,745
22 746

3,314
3,315
3,319
3,321
3 322

12,416
12,489
12,502
12,546
12,647

2 195
2,190
2 201
2,223
2224

485
548
946
298
183

886
872
871
887
888

455
481
431
460
523

297
296
296
296
295

12 192
12246
12 042
12 551
12 545

9 933
9924
9 977
10255
10 349

2 259
2 322
2 065
2 296
2*196

5
12
19
26

3 303
3,387
3 448
3,389

3 303
3,387
3 448
3,389

5
5
4
5

124
107
149
117

14
13
14
14

3 446
3,512
3 615
3,525

22 739
22,742
22744
22,747

3,328
3,332
3,333
3,337

12,794
12,870
12,956
13,057

2,204
2,206
2 206
2,219

285
174
240
176

891
889
914
908

442
443
429
430

295
295
294
294

12 602
12 709
12 653
12 526

10 356
10 328
10 550
10 184

2 246
2 381
2 103
2 342

Sept. 2
9
16
23
30

3,388
3 502
3,573
3 395
3,567

3,388
3 502
3,573
3 395
3,567

9
13
10
9
8

128
173
259
163
184

16
15
15
15
15

3,542
3703
3,857'
3 581
3,774

22,756
22 745
22,747
22 750
22,754

3,341
3,343
3,346
3,349
3,353

13,250
13,389
13,440
13,519
13,703

2,216
2,205
2,206
2,200
2,222

146
214
6
485
661

961
949
972
972
947

357
342
267
320
460

291
290
299
299
296

12418
12 402
12760
11 886
11 592

10 156
10 054
9 721
9 852
9902

2262
2 348
3 039
2 034
1 690

Oct. 7
14
21
28

3,592
3 809
4225
4441

3,592
3 809
4,225
4441

8
11
7
9

169
206
246
113

15
16
15
14

3,784
4042
4,494
4 578

22,756
22 758
22,745
22739

3,356
3,359
3,363
3,366

13,830
13,932
13,995
14,082

2,235
2,228
2,238
2,249

393
123
521
372

928
947
932
953

414
336
322
495

295
291
289
286

11 801
12 303
12 304
12 246

9 510
9 590
9 952
10 088

2 291
2 713
2 352
2 158

Nov 4
11
18
25

4551
4658
4695
4843

4 551
4658
4 695
4,843

11
10
8
10

104
241
327
214

15
15
16
15

4680
4,925
5 045
5,083

22 739
22,741
22 741
22,742

3,369
3,373
3,375
3,377

14,312
14,408
14,465
14,648

2,260
2,234
2,249
2,239

361
234
300
68

894
914
913
907

469
477
339
325

283
278
274
268

12 211
12493
12 622
12746

10 093
10091
10 133
10 228

2 118
2 402
2 489
2 518

Dec. 2
9
16
23
30

5,140
5 546
5 537
5,627
5989

5 140
5 546
5 537
5,627
5989

9
9
9
10
5

296
243
493
641
421

15
15
15
14
14

5,460
5 813
6,055
6,292
6,428

22,743
22743
22,744
22,735
22,726

3,381
3,383
3,440
3,569
3,628

14,848
14,986
15,092
15,329
15,407

2,243
2,192
2,184
2,182
2,194

94
60
13
497
811

917
797
802
795
806

383
386
361
396
509

260
252
269
267
266

12 840
13 267
13*517
13 129
12 788

10 336
10 463
10 880
10937
11 132

2 504
2 804
2 637
2 192
1 656

Dec.

1942
Jan.

May

Aug

7
14
21
28

11

11

11
11
11

11

2
Cd

s
00

H
W

00

For notes see Part A of this table.

Digitized for FRASER


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

10.1

MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding

U.S. Government securities


Date
Total

Jan

6
13
20
27

1943

....

Bought
outright

Repurchase
agreements

Discounts
and
advances

Float

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

w
tn
Deposits, other than
member bank reserves,
with F. R. Banks

Treasury

Foreign

Other

Other
Federal
Reserve
accounts

Member bank reserves

Total

Required

Excess9

6,032
5,975
5,818
5,729

6,032
5,975
5,818
5,729

4
7
10
10

329
279
355
240

12
13
13
12

6,378
6,274
6,195
5,992

22,712
22,712
22,703
22,692

3,660
3,697
3,747
3,793

15,393
15,322
15,354
15,438

2,192
2,190
2,196
2,199

273
329
374
122

803
829
836
794

370
478
475
388

256
256
255
258

13,464
13,279
13,156
13,278

11,138
11,130
11,158
11,184

2,326
2,149
1,998
2,094

Feb

3
10
17
24

5,475
5,719
5,795
5,931

5,475
5,719
5,795
5,931

9
13
9
11

269
236
396
267

14
14
14
14

5,766
5,983
6,214
6,223

22,663
22,642
22,642
22,643

3,846
3,885
3,915
3,925

15,666
15,798
15,845
15,952

2,200
2,209
2,221
2,223

49
280
188
258

794
806
802
802

362
407
356
369

263
265
267
270

12,942
12,747
13,093
12,917

11,242
11,107
11,101
11,129

1,700
1,640
1,992
1,788

Mar

3. .
10
17. .
24
31

5,800
6,090
6,266
5,950
5,919

5,800
6,090
6,266
5,950
5,919

12
9
10
10
13

306
278
409
307
247

13
13
13
13
13

6,130
6,390
6,699
6,280
6,191

22,643
22,644
22,610
22,595
22,576

3,953
3,971
3,979
3,984
3,989

16,154
16,205
16,115
16,065
16,250

2,212
2,218
2,224
2,218
2,224

14
5
6
6
55

851
897
867
900
879

290
283
262
285
287

271
276
297
301
302

12,935
13,122
13,516
13,084
12,759

11,149
11,245
11,390
11,452
11,241

1,786
1,877
2,126
1,632
1,518

6,549
6,705
6,329
6,347

6,549
6,705
6,329
6,347

13
12
11
26

272
373
360
270

13
14
15
13

6,848
7,104
6,715
6,655

22,541
22,501
22,482
22,472

3,994
4,002
4,008
4,009

16,353
16,424
16,500
16,593

2,229
2,235
2,236
2,234

213
128
471
443

876
915
912
911

299
461
460
499

301
300
307
307

13,110
13,144
12,318
12,149

11,134
10,997
10,025
9,925

1,976
2,147
2,293
2,224

6,531
6,172
6,038
6,181

6,531
6,172
6,038
6,181

15
25
10
21

290
315
373
278

14
13
13
13

6,850
6,526
6,434
6,493

22,473
22,454
22,455
22,425

4,014
4,033
4,051
4,072

16,683
16,741
16,795
16,902

2,245
2,252
2,264
2,267

722
630
379
345

994
902
930
959

473
370
378
364

310
312
313
314

11,909
11,805
11,882
11,838

9,781
10,072
10,244
10,340

2,128
1,733
1,638
1,498

6,217
6,636
6,626
6,748
7,202

6,217
6,636
6,626
6,748
7,202

21
13
11
19
5

284
336
438
414
356

13
13
13
13
13

6,535
6,998
7,088
7,194
7,576

22,427
22,407
22,407
22,387
22,388

4,075
4,078
4,080
4,079
4,077

17,196
17,237
17,189
17,154
17,421

2,272
2,277
2,278
2,268
2,268

6
175
6
294
455

968
1,015
1,031
1,082
1,114

224
297
227
305
368

315
317
333
334
329

12,057
12,165
12,511
12,223
12,085

10,423
10,651
10,879
10,924
10,873

1,634
1,514
1,632
1,299
1,212

Apr. 7
14
21
28
Mav

5
12:::::::;;::..
19
26

June 2
9
16
23
30

....

July

7
14 ...
21
28

7,676
7,645
7,577
7,951

7,676
7,645
7,577
7,951

34
10
9
13

394
482
434
441

13
13
13
12

8,117
8,150
8,033
8,418

22,388
22,362
22,347
22,334

4,085
4,086
4,084
4,090

17,607
17,658
17,706
17,799

2,278
2,267
2,271
2,272

773
616
293
559

1,135
1,094
1,150
1,200

358
372
394
371

332
331
330
330

12,108
12,260
12,319
12,309

10,879
10,950
11,131
11,289

1,229
1,310
1,188
1,020

Aug

4
11
18
25

8,165
8,317
8,156
8,777

8,165
8,317
8,156
8,777

18
24
18
40

387
365
401
308

12
12
12
12

8,582
8,718
8,586
9,137

22,335
22,306
22,291
22,292

4,093
4,091
4,092
4,098

18,014
18,101
18,214
18,303

2,281
2,281
2,279
2,282

398
295
99
304

1,247
1,272
1,148
1,230

403
379
240
375

332
331
330
331

12,336
12,456
12,660
12,702

11,306
11,257
11,372
11,596

1,030
1,199
1,288
1,106

Sept

1
8
15
22
29

9,187
9,336
9,653
9,204
9,168

9,187
9,336
9,653
9,204
9,168

69
71
31
22
13

273
324
620
480
350

12
12
12
11
12

9,540
9,742
10,315
9,717
9,543

22,243
22,223
22,204
22,205
22,175

4,098
4,090
4,093
4,094
4,096

18,571
18,740
18,773
18,714
18,818

2,279
2,255
2,266
2,266
2,274

213
6
6
549
682

1,190
1,160
1,197
1,232
1,208

384
214
304
430
441

329
329
337
338
337

12,915
13,351
13,729
12,487
12,054

11,770
11,913
11,678
10,594
10,244

1,145
1,438
2,051
1,893
1,810

Oct

6
13
20
27

9,387
9,062
8,914
9,291

9,387
9,062
8,914
9,291

13
18
11
13

363
270
443
369

12
12
12
12

9,775
9,362
9,380
9,686

22,176
22,155
22,132
22,132

4,098
4,099
4,101
4,103

18,883
18,978
19,019
19,090

2,279
2,281
2,284
2,295

1,013
380
530
530

1,242
1,254
1,262
1,318

391
367
175
341

337
335
342
342

1 1,903
12,021
12,002
12,005

10,206
10,413
10,595
10,943

1,697
1,608
1,407
1,062

Nov

3
10

9,476
9,865

9,476
9,865

39
22

309
332

12
12

9,835
10.231

22,116
22,096

4,106
4,100

19,354
19,514

2,298
2,297

334
369

1,300
1,349

368
367

334
333

12,069
12,198

10,985
11,118

1,084
1,080

..

Digitized for FRASER


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

....

s
w

(JO

17
24..,.

9,832
10364

9832
10 364

34
48

494
369

12
12

10372
10792

22096
22081

4,101
4 101

19 559
19 726

2,293
2295

407
479

1,363
1 398

350
341

333
333

12,263
12402

11,167
11 358

1,096
1 044

1
8
15
22....
29

10447
11,016
11,014
11,551
11,615

10447
11 016
11,014
11 551
11 615

53
108
90
70
101

362
406
589
827
704

12
11
11
11
10

10874
11 540
11,704
12459
12430

22065
22044
22004
22004
22004

4 101
4 102
4097
4097
4*096

19940
20 135
20235
20 382
20428

2299
2 301
2,293
2325
2316

275
686
379
967
764

1 422
1 448
1,442
1 486
1,513

208
216
180
378
395

334
331
344
344
345

12 562
12,569
12,932
12,677
12,769

11 466
11,651
11,694
11,758
11,643

1 096
918
1,238
919
1,126

1944
5
12
19 ..
26

11 651
11,855
11 913
12026

11 651
11 855
11 913
12026

31
47
41
24

680
402
454
324

10
11
11
10

12 372
12315
12419
12 385

21
21
21
21

938
938
938
928

4094
4092
4093
4093

20436
20404
20408
20 387

2 314
2 318
2 327
2 331

961
638
404
351

1 381
1,445
1 522
1 531

371
400
438
463

338
339
338
340

12,602
12,801
13 014
13,002

11,698
11,797
11 986
11,940

904
1,004
1 028
1,062

Feb. 2
9
16....
23

11 781
11,169
11 394
11,816

11 781
11,169
11 394
11 816

24
22
32
47

317
309
524
367

10
10

12 132
11 511
11 961
12*240

21
21
21
21

910
836
802
742

4093
4,094
4093
4,090

20 534
20*586
20610
20696

2322
2 315
2 335
2 336

175
8
360
646

1 558
1,525
1 551
1,592

357
182
416
352

342
341
341
340

12,847
12,482
12,244
12,109

11,309
11,217
11,125
11,135

1,538
1,265
1 119
974

1
8....
15
22...,
29

11,624
12029
12,110
12 243
12,297

11,624
12029
12 110
12 243
12297

37
52
65
65
83

371
347
457
405
359

10
10
10
10
10

12042
12438
12643
12722
12749

21
21
21
21
21

712
670
670
600
600

4091
4090
4*089
4090
4092

20823
20963
21 006
20934
21 037

2 350
2340
2 342
2333
2' 329

140
269
77
495
753

1,574
1 568
1 540
1 543
1 564

240
337
382
350
353

338
339
351
352
352

12,380
12,383
12,705
12405
12,053

11,276
11,426
11,561
11,496
11,409

1,104
957
1,144
909
644

Apr.

5
12....
19....
26

12,332
12648
12,734
12,998

12332
12648
12734
12,998

44
55
87
89

377
390
496
386

13
12
13
12

12766
13 106
13 330
13,485

21 540"
21 479
21 469
21,429

4093
4093
4093
4,094

21 191
21 295
21 334
21,396

2 347
2327
2321
2,327

426
274
204
373

1 433
1 451
1 517
1,646

369
372
456
373

356
356
357
356

12,277
12604
12,704
12,537

11,443
11,666
11,821
11,849

834
938
883
688

May

3
10,...
17
24. ...
31

13 292
13,249
13,808
13989
14,251

13 292
13 249
13,808
13 989
14,251

85
136
152
227
237

341
316
409
297
260

12
12
12
12
12

13 730
13 713
14,382
14525
14,759

21 375
21 375
21,354
21 324
21,264

4092
4'097
4,099
4 100
4,101

21 614
21 725
21 846
21 911
22 160

2 334
2,333
2,298
2333
2,310

229
214
397
389
307

1 615
1 592
1,579
1 575
1,554

358
234
374
385
393

357
356
355
356
354

12,690
12,729
12,986
13,000
13,046

11 881
12,004
12,127
12,217
12,318

809
725
859
783
728

June 7
14....
21
28....

14,609
15001
15,180
15081

14,609
15001
15,180
15081

240
173
172
52

322
420
424
280

H
12
11
11

15,183
15 606
15,786
15 423

21,212
21 211
21,201
21 193

4,101
4 104
4,107
4 107

22,255
22 333
22,293
22421

2,330
2 332
2,339
2 314

262
154
334
561

1,516
1 534
1,580
1 577

418
494
420
401

357
359
370
370

13,358
13,715
13,758
13,081

12,553
12,676
12,575
11,769

805
1,039
1,183
1,312

Julyy

19....
26 ..

14,738
14816
14,556
14802

14738
14816
14 556
14 802

22
45
39
37

314
363
392
274

11
11
11
11

15 085
15 236
14999
15 124

21 133
21 114
21 047
20996

4 107
4 107
4,109
4 111

22 598
22 561
22 531
22 584

2296
2 303
2 348
2 313

219
517
360
403

1 471
1 488
1*462
1 415

391
375
336
358

364
364
364
365

12,987
12 849
12,754
12793

11,632
11,545
11,675
11,752

1,355
1,304
1,079
1 041

2 ..
9
16
23....
30

14891
15,222
15,231
15 592
15,852

14891
15 222
15,231
15 592
15,852

36
62
53
107
85

310
309
387
289
219

11
11
10

15 249
15 604
15,682
15999
16,167

20996
20996
20,998
20947
20,946

4 112
4 108
4,109
4 112
4,114

22734
22910
23,020
23 047
23,221

2 339
2 340
2,345
2404
2,407

261
487
317
549
318

1 431
1 446
1,440
1 405
1,397

340
344
364
362
382

368
371
368
370
370

12884
12,810
12,935
12,922
13,132

11 857
11,883
11,981
12,100
12,248

1 027
927
954
822
884

Sept. 6
13....
20
27

16,030
16407
16,540
16 501

16,030
16407
16,540
16501

105
116
172
88

363
382
514
344

10
10
10
9

16,509
16916
17,237
16943

20,906
20885
20885
20825

4,114
4 112
4,114
4 114

23,432
23 495
23,558
23 658

2,380
2 384
2,390
2373

354
370
699
483

1,404
1,406
1,405
1 262

364
359
353
365

373
373
385
386

13,221
13,526
13,445
13,355

12,386
12,562
12,581
12,494

835
964
864
861

Oct

4 ...
11
18. ..
25....

16660
17,016
17087
17,261

16660
17,016
17087
17,261

33
148
186
322

397
330
514
307

9
9
9
9

17099
17,503
17 795
17,899

20 824
20725
20728
20 727

4 113
4,113
4 114
4,115

23 881
24099
24 157
24216

2 372
2,366
2 362
2,359

347
211
315
229

1 245
1,221
1 238
1,245

367
347
360
362

391
389
391
391

13,433
13,708
13 814
13,940

12,545
12,719
12,919
13,079

888
989
895
861

Nov.

1
8
15....
22
29....

17,605
17,957
17941
18,411
18553

17605
17,957
17941
18,411
18553

359
401
357
474
593

292
288
501
450
367

9
8
8
7
7

18,265
18,655
18807
19,341
19520

20727
20,726
20694
20,693
20688

4,115
4,115
4,114
4,117
4 120

24409
24,674
24 717
24,881
24997

2,372
2,313
2,338
2,339
2 334

216
314
119
251
292

1,226
1,221
1 245
1,264
1 248

406
419
244
303
301

393
395
394
395
395

14,083
14,159
14,557
14,719
14,761

13,189
13,290
13,502
13,721
13,610

894
869
1,055
998
1,151

Dec

6....
13
20
27

18,311
18,577
19 009
19,064

18 311
18,577
19009
19064

383
176
217
153

429
551
880
598

6
7
6
6

19 130
19,311
20 113
19,821

20668
20,667
20646
20,639

4,122
4,123
4 127
4,131

25 107
25,163
25 280
25,335

2337
2,348
2369
2*,377

258
503
1 250
901

1 229
1,165
1 200
1,210

407
432
421
391

397
397
407
408

14,184
14,092
13,958
13,969

12,924
12,908
12803
12,709

1,260
1,184
1,155
1,260

Dec

Jan

Mar.

Aug

125. ...
;;

For notes see Part A of this table.

Digitized for FRASER


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

11

10

10
10

w
w

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Date
Repurchase
agreements

Discounts
and
advances

Float

All
other 3

Gold
stock
Total

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Member bank reserves


Other
Federal
Reserve
accounts

Required9

403
405
404
403
402

13,921
14,057
14,156
14,085
13,884

12,763
12,860
12,995
13,036
13,015

1,158
1,197
1,161
1,049
869

395
377
381
389

409
409
410
410

13,950
14,022
13,999
14,228

13,028
13,047
13,148
13,263

922
975
851
965

,207
,249
,230
,186

379
236
217
191

415
417
428
429

14,208
14,459
14,579
14,305

13,309
13,446
13,512
13,453

899
1,013
1,067
852

335
409
430
651

,175
,195
,191
,168

244
358
402
395

438
439
437
437

14,353
14,593
14,582
14,708

13,419
13,647
13,776
13,873

934
946
806
835

2,382
2,384
2,376
2,319
2,315

423
447
102
526
426

,159
,072
,135
,187
,159

412
392
406
405
460

438
438
438
440
439

14,892
15,029
15,246
15,117
15,371

13,965
14,068
14,201
14,251
14,258

927
961
1,045
866
1,113

26,513
26,533
26,536
26,628

2,314
2,292
2,297
2,314

352
170
347
687

1,188
1,231
1,269
1,298

357
320
441
476

444
443
452
454

15,452
15,771
15,354
14,760

14,354
14,534
13,900
13,398

1,098
1,237
1,454
1,362

4,145
4,145
4,144
4,144

26,834
26,932
26,901
26,926

2,285
2,230
2,274
2,279

667
585
690
594

1,207
1,243
1,194
1,129

440
374
358
411

450
453
450
449

14,722
14,570
14,660
14,699

13,269
13,434
13,612
13,705

1,453
1,136
1,048
994

20,152
20,151
20,130
20,088
20,088

4,198
4,197
4,198
4,201
4,215

27,130
27,269
27,351
27,506
27,600

2,260
2,269
2,257
2,248
23262

678
538
398
671
397

1,104
1,148
1,092
1,170
1,168

428
439
552
387
410

454
457
457
457
457

14,861
14,833
15,004
14,992
15,070

13,798
13,767
13,872
13,974
14,084

1,063
1,066
1,132
1,018
986

3
3

23,192
23,677
23,707
23,892

20,088
20,096
20,095
20,093

4,216
4,216
4,222
4,222

27,750
27,793
27,777
27,729

2,269
2,267
2,268
2,263

304
598
428
961

1,135
1,115
1,084
1,051

394
423
441
456

464
465
474
475

15,180
15,329
15,552
15,274

14,214
14,365
14,513
14,381

966
964
1,039
893

291
335
479
308
269

3
3
3
3
2

23,821
23,923
23,699
23,790
23,987

20,072
20,040
20,039
20,038
20.036

4,248
4,257
4,262
4,270
4,278

27,853
27,962
27,952
27,974
28,049

2,268
2,282
2,249
2,248
2,244

648
535
293
295
429

1,039
981
960
965
938

430
438
364
384
435

483
484
482
482
483

15,420
15,537
15,700
15,751
15,723

14,419
14,510
14,668
14,749
14,819

1,001
1,027
1,032
1,002
904

290
453

2
2

23,877
24,498

20,035
20,034

4,285
4,284

28,137
28,178

2,268
2,265

261
580

914
872

396
441

483
485

15,737
15,994

14,809
14,831

928
1,163

Foreign

Bought
outright

3
10
17
24
31

18,734
18,907
18,651
18,620
19,006

18,734
18,907
18,651
18,620
19,006

30
130
129
141
176

702
444
525
455
366

4
4
4
4
4

19,470
19,486
19,310
19,220
19,552

20,619
20,593
20,572
20,571
20,550

4,130
4,130
4,129
4,129
4,127

25,326
25,257
25,209
25,175
25,290

2,368
2,372
2,370
2,380
2,371

592
528
334
479
648

,220
,199
,164
,157
,247

388
391
374
240
387

7
14
21
28

19,062
19,181
19,231
19,439

19,062
19,181
19,231
19,439

200
231
294
321

438
502
474
394

4
4
4
4

19,703
19,918
20,003
20,158

20,548
20,507
20,506
20,506

4,126
4,124
4,124
4,122

25,411
25,533
25,652
25,751

2,372
2,389
2,384
2,355

593
547
517
460

,248
,271
,291
,192

Mar 7
14
21
28

19,350
19,576
19,493
19,516

19,350
19,576
19,493
19,516

305
255
193
218

491
461
484
337

4
4
4
4

20,150
20,296
20,173
20,074

20,454
20,453
20,451
20,419

4,121
4,120
4,120
4,118

25,864
25,881
25,836
25,834

2,365
2,364
2,360
2,356

288
263
96
310

4
11
18
25

19,580
20,091
20,153
20,444

19,580
20,091
20,153
20,444

220
323
341
508

451
345
474
354

4
4
4
4

20,255
20,763
20,973
21,310

20,418
20,417
20,396
20,374

4,117
4,118
4,117
4,120

25,865
25,939
26,068
26,074

2,379
2,364
2,374
2,371

May 2
9

20,479
20,720
20,668
20,929
21,023

20,479
20,720
20,668
20,929
21,023

569
551
487
724
886

354
314
427
322
345

5
4
5
5
4

21,406
21,589
21,587
21,980
22,258

20,374
20,352
20,351
20,271
20,270

4,130
4,132
4,137
4,142
4,141

26,204
26,312
26,372
26,399
26,500

20,896
21,103
21,507
21,693

20,896
21,103
21,507
21,693

912
852
307
202

394
388
470
312

4
4
4
3

22,207
22,347
22,287
22,211

20,268
20,268
20,265
20,263

4,145
4,146
4,145
4,144

21,745
21,544
21,613
21,570

21,745
21,544
21,613
21,570

39
73
126
229

461
408
427
326

3
3
3
4

22,249
22,028
22,170
22,129

20,213
20,214
20,213
20,212

15
22
29

21,877
21,910
21,869
22,296
22,358

21,877
21,910
21,869
22,296
22,358

399
353
312
399
442

284
339
598
443
260

4
3
3
3
3

22,564
22,606
22,782
23,142
23,063

Sept. 5
12
19
26

22,435
22,808
22,965
23,186

22,435
22,808
22,965
23,186

377
457
301
422

377
409
438
282

Oct

3
10
17
24
31

23,212
23,272
22,901
23,089
23,276

23,212
23,272
22,901
23,089
23,276

314
313
317
390
439

Nov

23,076
23,448

23,076
23,448

508
595

Other

dd

Excess 9

Total

Treasury

Total

w
&

1945
Jan

Feb

Apr
N>

16
23

30
June

6
13
20
27

July

4
11

. .

18
25

8 ;; . . ..

14
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

ES
I
o

CO

Dec

21
28

23 343
23,646

23343
23,646

630
791

356
323

3
3

24,331
24,764

20,032
20,03 1

4,297
4,297

28,198
28,169

2,272
2,269

410
557

902
875

457
476

484
484

15,937
16,261

14,894
14,968

1,043
1,293

5
12
19
26

23,525
23493
23,668
24,037

23,525
23493
23 668
24,037

344
312
360
492

357
458
827
641

2
2
2
2

24,229
24,264
24,857
25,172

20,029
20,045
20,066
20,065

4,303
4317
4,326
4,334

28,279
28,370
28,557
28,649

2,242
2,268
2,288
2,283

8
627
718
1,199

898
886
844
863

406
318
440
419

487
488
496
500

16,242
15,669
15,906
15,658

14,648
14,373
14,587
14,458

1,594
1,296
1,319
1,200

1946
Jan

2
9
16
23
30

24092
23859
23 437
23 341
23 297

24092
23859
23437
23341
23 297

222
215
210
207
310

531
461
424
371
289

2
2
2
2
2

24,847
24,536
24,072
23,922
23,898

20,065
20,046
20,111
20,135
20,157

4,352
4,362
4,377
4,385
4404

28,491
28,297
28,119
27,977
27,914

2,306
2,256
2,262
2,282
2295

771
758
272
578
762

854
906
836
837
872

446
400
421
402
425

498
505
505
506
507

15,900
15,822
16,145
15,859
15,681

14,461
14,556
14,722
14,690
14,620

1,439
1,266
1,423
1,169
1,061

Feb

6.
13
20
27

23 227
23 253
23 017
22,972

23 227
23253
23 017
22972

289
411
353
380

322
268
415
323

2
2
2
2

23,840
23,933
23,787
23,677

20,157
20,157
20233
20,233

4413
4,424

27,929
27,967
27,955
27,938

2,306

716
864
940
826

828
750
808
781

398
423
426
422

516
516
516
518

15,717
15,693

14,602
14,547
14,540
14,516

1,115
1,146

22 526
22 393
22,592
22974

22526
22393
22592
22974

443
711
484
683

326
317
406
302

2
2
2
4

23,297
23 423
23,483
23 963

20,232
20232
20,233
20257

4451
4456
4467
4478

27,957
27,946
27,889

2,284
2260
2,267
2298

612
501
774

751
743
749
112

403
466
481
454

530
531
540
541

15,444

15 663
15,484
15 395

14,520
14,551
14,555
14,400

276
254
419
264

4
7
9
10

22,936
22,846
22857
22,901

20 255
20,253
20 251
20,247

4485
4492

2,260

533
260
334
385

705
707
708
730

308
454
430
429

550
550
548
547

15 396
15,406
15 395
15,457

14,324
14,466
14,552
14,621

1 072

4514
4536

27912
27,955
27948
27,877

15,747

14,636
14,737
14,736
14,805
14859

1,111
1 014

15,652
15,505
15,689

15,061
15,076
15,245
15,043

738
833
671
867
730
825
859
753
856

Mar 6
13
20
27

27 842

2,301
2 318
2,317

1,397

15 490
15,555

950
1,039

924
1,112

929
995

3
10
17
24

21 969
22 232
22 103
22 304

21 969
22232
22 103
22 304

687
353
326
324

1
8
15
22
29

22579
22 732
22660
22,643
22983

22579
22732
22660
22,643
22983

225
207
145
163
237

265
262
428
311
324

14
18
19
15
13

23,084
23,219
23,252
23,132
23,556

20,25 1
20248
20,245
20,245
20,242

4,535
4534
4,534
4,532
4533

27,888
27958
27,950
27,961
28,106

2,267
2266
2,265
2,262
2,265

409
314
504
562
681

729
746
686
660
608

281
416
424
409
430

548
550
550
550
553

June 5
12
19
26

22780
23,270
22,691
23 385

22780
23 270
22 691
23 385

252
251
251
231

405
360
496
350

13
14
16
19

23,450
23,896
23,454
23,986

20,272
20271
20,272
20,269

4,534
4537
4,536
4539

28,159
28,128
28,116
28,135

2,285
2280
2,260
2262

394
860
419
970

619
535
552
519

445
434
432
431

555
556
566
568

15,799
15,909
15,916

23 003
23,394
23 230
23,652
23 633

23003
23,394
23 230
23,652
23 633

238
292
204
219
245

429
304
418
319
251

24
30
44
39
35

23,694
24,019
23,895
24,229
24,164

20,270
20,271
20,271
20,269
20267

4540
4,537

28,395
28,335
28,241
28,187
28,254

2 249

507
664
513
674
513

505
514
561
893
824

466
602
605
580
578

567
568
568
563
562

15,815
15,889
15968
15,877

15991

15,085
15,064
15,109
15,124
15,135

23 593
23,575
23486
23,606

23 593
23 575
23486
23,606

258
262
229
216

254
376
375
264

29
24
19
16

24,134
24,238
24,109
24,102

20,266
20,268
20,274
20,280

4538

353
557
540
620

824
762
702
631

506
533
548
583

573
572
572
575

16,093
16,008
15,933
15,867

15,129
15,110
15,128
15,153

964
898
805
714

Sept. 4
11
18
25

23,387
23 291
23,421
23 866

23 387
23 291
23421
23 866

291
249
262
294

321
386
534
421

12
9
7
4

24,011
23,935
24,224
24,585

20,284
20,288
20,288
20,301

293
199
359
928

608
692
651
668

580
430
460
544

581
581
588
590

15,989
16,086
16,280
15,975

15,211
15,332
15,408
15,251

778
754
872
724

2
9
16
23
30

23 555
23,502
23418
23056
23 608

23 555
23 502
23418
23 056
23 608

218
271
254
248
238

365
274
479
331
254

3
1
1
1

24,140
24,048
24,152
23,636
24,101

20306
20,305
20 304
20,388
20,399

357
483
524
369
462

697
584
539
535
688

348
336
329
437
318

597
597
596
595
595

16,166
16,019

16 142
15,779
16 111

15,232
15,253
15,287
15,344
15,374

934
766
855
435
737

6 . .
13
20 ...
27

23 515
23,684
23 522
23,682

23 515
23 684
23 522
23,682

376
397
329
283

215
483
461
450

24 107
24,565
24,314
24,416

20405
20,420
20461
20,469

4 548

28 750

4548
4548
4,548

28,761

408
577
633
665

667
622
596
641

300
422
425
313

598
598
597
598

16060
16,259
16098
16,131

15,423
15,421
15,480
15,488

637
838
618
643

23,888
24 128
23,211
23 722

23,888
24 128
23,211
23 722

245
290
303
341

450
377
814
814

24,585
24796
24,328
24877

20,477
20450
20,477
20 527

4,550
4551
4,554
4554

679
626
237
547

612
570
526
520

305
304
244
328

600
601
609
613

16,222
16479
16,517
16530

15,553
15,605
15,861
15,636

669
874
656
894

Apr

May

ON

OJ

4434
4447

July

..

10
17
24
31

Aue

i4::::

:::

21
28

Oct

Nov

Dec. 4
11
18
25

For notes see Part A of this table.

Digitized for FRASER


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

j
1
1
1
1
1
1

4 538
4,539
4540

4,541
4543
4,543
4,543

4 545
4,545
4547
4546
4,544
4545

4 546
4548

28,326
28,353
28,365
28,376
28,506
28,499
28,453
28,448

2 271
2,259

2 259

2,254
2249
2,263
2250
2263
2,262

2 265
2,274

2,281
2,280
2,265
2,279

28,526
28,608

2,301

28 597
28,585
28 588

2 274

28 689
28,815

2,270
2,270

2 285
2276
2,294
2285

2,271

28,906
28,946
29,019

2 270

29 163

2 258

2,288
2,208

15 751

15910

940
843
836

916
700
830

w
w

I
w
w

co.

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D, WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Date
Total

Jan.

1947

Bought
outright

Repurchase
agreements

Discounts
and
advances

Float

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Treasury

Foreign

Other

Other
Federal
Reserve
accounts

Member bank reserves

Total

Required 9

Excess ^

c/a
W

1
8... .
15
12
29

23,350
23,733
23,327
23,430
23,863

23,350
23,733
23,327
23,430
23,863

163
247
243
238
317

580
395
535
532
334

24,093
24,375
24,105
24,201
24,514

20,529
20,53 1
20,567
20,692
20,808

4,562
4,561
4,560
4,559
4,559

28,952
28,748
28,518
28,369
28,265

2,272
2,281
2,291
2,295
2,325

393
401
409
862
1,536

508
648
711
731
679

314
318
257
274
342

607
614
615
612
612

16,139
16,457
16,431
16,308
16,124

15,535
15,554
15,581
15,582
15,461

604
903
850
726
663

5
12
19
26

23,412
23,803
23,918
24,044

23,412
23,803
23,918
24,044

279
393
343
392

358
441
413
324

24,050
24,638
24,674
24,761

20,749
20,751
20,770
20,322

4,559
4,558
4,556
4,556

28,295
28,346
28,276
28,262

2,320
2,335
2,324
1,381

1,162
1,711
2,358
2,372

605
526
414
485

257
412
235
733

622
623
623
624

16,095
15,994
15,770
15,781

15,334
15,215
15,156
15,078

761
779
614
703

5
12

19
26

23,242
23,247
22,411
22,810

23,242
23,247
22,41 1
22,810

239
237
234
287

322
294
400
389

23,804
23,780
23,047
23,486

20,376
20,403
20,413
20,438

4,557
4,557
4,557
4,556

28,335
28,330
28,242
28,170

1,331
1,335
1,335
1,355

1,407
1,429
713
1,600

396
523
513
458

713
648
635
601

626
627
636
637

15,930
15,847
15,943
15,658

15,130
15,129
15,270
15,099

800
718
673
559

2
9
16
23
30

21,938
22,276
21,905
21,829
21,857

21,938
22,276
21,905
21,829
21,857

429
277
100
141
125

390
338
467
258
222

22,758
22,893
22,474
22,230
22,205

20,486
20,497
20,583
20,621
20,774

4,557
4,559
4,558
4,558
4,561

28,247
28,250
28,163
28,105
28,114

1,333
1,336
1,332
1,338
1,329

946
753
613
482
619

520
501
396
559
553

573
532
483
462
473

642
641
641
644
626

15,540
15,934
15,987
15,820
15,826

14,977
15,048
15,143
15,162
15,172

563
886
844
658
654

7
14
28

21,852
21,762
21,676
21,590

21,852
21,762
21,676
21,590

101
139
117
130

275
329
276
297

1
2
2
2

22,230
22,233
22,071
22,019

20,811
20,878
20,888
20,932

4,560
4,559
4,559
4,561

28,197
28,134
28,116
28,211

1,328
1,337
1,338
1,372

654
556
539
751

454
573
489
403

463
493
468
443

626
627
626
626

15,877
15,949
15,942
15,705

15,223
15,162
15,190
15,185

654
787
752
520

June 4
11
18
25

21,760
21,578
21,186
21,582

21,760
21,578
21,186
21,582

174
175
133
132

299
285
477
341

2
2
2
2

22,234
22,040
21,797
22,057

20,990
21,026
21,123
21,174

4,561
4,561
4,561
4,553

28,261
28,253
28,195
28,183

1,366
1,332
1,333
1,329

653
495
225
642

510
431
305
405

446
459
551
510

628
629
632
636

15,921
16,028
16,241
16,081

15,295
15,361
15,491
15,407

626
667
750
674

July

2
9
16
23
30

21,629
21,611
21,758
21,700
22,012

21,629
21,611
21,758
21,700
22,012

no
121
99
119
111

404
302
389
273
185

2
2
2
2
2

22,145
22,035
22,248
22,093
22,310

21,284
21,336
21,434
21,467
21,537

4,559
4,551
4,550
4,550
4,551

28,409
28,363
28,225
28,145
28,129

1,325
1,329
1,331
1,330
1,341

658
566
756
939
705

463
340
455
338
587

515
504
497
481
649

631
631
631
633
633

15,988
16,190
16,336
16,244
16,354

15,462
15,520
15,577
15,614
15,612

526
670
759
630
742

Aug

6
13
20
27

21,869
22,030
22,097
22,107

21,869
22,030
22,097
22,107

123
183
239
135

218
280
298
234

2
2
2
2

22,211
22,494
22,636
22,478

21,602
21,611
21,666
21,766

4,552
4,551
4,551
4,550

28,206
28,223
28,239
28,302

1,330
1,329
1,330
1,335

728
1,053
1,265
915

550
519
493
541

521
481
494
582

621
623
624
626

16,409
16,428
1 6,407
16,493

15,668
15,649
15,686
15,718

741
779
721
775

Sent

3
10
17
24

22,224
22,042
21,756
22,118

22,224
22,042
21,756
22,118

125
120
130
119

272
307
506
334

2
2
2
2

22,623
22,472
22,394
22,573

21,765
21,815
21,935
21,950

4,552
4,551
4,550
4,552

28,749
28,742
28,633
28,556

1,323
1,329
1,306
1,319

459
243
240
800

570
429
432
401

580
532
498
524

632
631
642
645

16,628
16,932
17,128
16,831

15,782
15,917
16,073
15,956

846
1,015
1,055
875

Oct

1
8..
15
22
29

22,392
22,355
22,218
21,772
22,129

22,392
22,355
22,218
21,772
22,129

156
111
146
125
373

377
380
439
447
283

6
5
4
4
4

22,931
22,852
22,807
22,348
22,789

21,955
22,092
22,153
22,225
22,294

4,551
4,551
4,551
4,552
4,552

28,559
28,632
28,656
28,569
28,519

1,316
1,328
1,324
1,337
1,338

1,053
909
836
608
1,355

320
353
332
447
450

512
484
485
477
466

644
646
648
650
649

17,034
17,142
17,229
17,037
16,859

16,049
16,073
16,075
16,180
16,138

985
1,069
1,154
857
721

Nov

22,119
22,052

22,119
22,052

204
429

314
205

3
3

22,640
22,689

22,336
22,442

4,551
4,550

28,635
28,709

1,324
1,328

926
1,224

471
443

452
507

632
632

17,088
16,839

16,136
16,073

952
766

Feb

Mar

Apr

May

2\.

12
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

w
w
^
w

W
c/a

22,222
22,239

22222
22,239

199
370

618
319

2
5

23,041
22,934

22,513
22,597

4,552
4,554

28,595
28,725

,327
,330

1,560
1,314

406
451

520
518

631
626

17,068
17,121

16,185
16,167

883
954

22,120
21 985
21,657
21,900
22559

22,120
21 985
21 657
21,900
22 559

262
249
168
283
85

444
377
908
826
535

4
5
5
2
1

22,830
22 617
22,738
23,011
23 181

22,680
22,708
22,723
22,743
22,754

4,553
4,556
4,557
4,556
4,562

28,817
28,874
28,923
29,111
28,868

,342
331
,332
,318
,336

1,256
934
616
929
870

466
517
469
462
392

519
475
481
506
569

624
618
615
608
563

17,038
17,132
17,581
17,377
17,899

16,184
16,197
16,416
16,304
16,400

854
935
1,165
1,073
1,499

21,683
21,896
21 540
21,987

21,683
21,896
21,540
21,987

163
165
168
281

471
506
515
388

1
1
3
2

22,320
22,568
22,227
22,658

22,762
22,790
22,829
22,894

4,560
4,559
4,559
4,558

28,658
28,374
28,211
28,086

,340
,333
,323
,332

562
819
1,268
1,945

485
456
425
406

524
502
489
482

569
569
565
555

17,503
17,863
17,334
17,305

16,337
16,326
16,341
16,265

1,166
1,537
993
1.040

20,523
20817
20,943
21 034

20,523
20 817
20,943
21 034

240
578
295
279

410
334
539
390

2
3
4
4

21,175
21,732
21,782
21,707

22,934
22,933
22,981
23,028

4,560
4,559
4,557
4,557

28,124
28,189
28,053
28,054

,309
,308
,335
,326

616
1,187
1,725
1,656

506
442
421
449

469
502
478
452

561
558
558
557

17,084
17,037
16,750
16,799

16,171
16,036
15,985
15,835

913
1,001
765
964

21 071
20,678
20373
20,607
20 887

21 071
20,678
20 373
20,607
20 887

258
298
363
447
430

517
348
447
371
287

5
2
4
3
4

21,851
21,326
21,187
21,429
21 607

23,036
23,083
23,119
23,135
23 137

4,559
4,559
4,559
4,557
4,559

28,024
28,006
27,920
27,851
27,781

,333
,331
,325
,336
,325

954
751
677
1,458
1,972

578
476
525
511
486

449
479
481
507
514

557
559
585
589
588

17,552
17,366
17,351
16,870
16,639

16,395
16,389
16,447
16,186
15,984

1,157
977
904
684
655

20477
20593
20 394
20440

20477
20593
20394
20440

261
221
233
259

343
313
334
251

4
2
4
2

21 085
21,130
20966
20,952

23,147
23,152
23,159
23,167

4,558
4,558
4,557
4,561

27,833
27,774
27,718
27,682

,329
,320
,336
,326

,140
,177
,283
,185

498
448
422
387

496
480
489
469

590
590
589
587

16,905
17,050
16,845
17,043

16,083
16,156
16,144
16,164

822
894
701
879

12:::::.::: ::

20251
20,348
20098
20,592

20251
20,348
20098
20,592

230
250
225
321

372
439
350
286

2
1

20,856
21,038
20,674
21,201

23,176
23,225
23,245
23,295

4,561
4,560
4,559
4,561

27,762
27,762
27,690
27,700

,329
,319
,329
,333

,114
,319
,612
,788

370
374
369
372

440
418
426
416

545
544
546
546

17,033
17,087
16,506
16,901

16,216
16,203
16,212
16,178

817
884
294
723

20,683
20,349
20749
21,010
21 366

20,683
20 349
20749
21,010
21 366

239
312
294
353
266

368
293
474
356
267

21,292
20,955
21 519
21,721
21 900

23,343
23,362
23,515
23,523
23,532

4,562
4,560
4,560
4,561
4,565

27,895
27,864
27,808
27,792
27,903

,335
,337
,331
,317
,327

,567
,144
984
1,863
1,928

342
371
357
364
405

412
457
522
463
454

551
551
593
597
592

17,094
17,154
17,999
17,408
17,389

16,153
16,246
16,867
16,680
16,647

941
908
1,132
728
742

...

21 535
21,521
21 326
21,209

21 535
21,521
21 326
21,209

398
316
285
327

309
301
276
186

22243
22,139
21 888
21,723

23,584
23,593
23,650
23,670

4,562
4,562
4,561
4,563

28,142
27,959
27,864
27,821

,334
,331
,324
,329

1,841
1,861
1,879
1,822

441
442
430
377

437
456
490
498

612
613
610
576

17,584
17,631
17,503
17,534

16,581
16,694
16,780
16,775

1,003
937
723
759

Aug. 4
11
18
25 . .

21,378
21 566
21,551
21 460

21,378
21 566
21,551
21 460

283
293
302
324

235
204
272
209

21,897
22,064
22,125
21,993

23,679
23,688
23,708
23,711

4,564
4,564
4,565
4,564

27,922
27,966
27,979
27,965

,330
,324
,322
,324

1,852
1,756
1,963
1,902

388
385
394
371

472
480
572
472

570
569
566
568

17,606
17,834
17,603
17,668

16,876
16,831
16,874
16,857

730
1,003
729
811

Sept. 1
8
15
22

21 411
21,240
21 205
21,860
23 282

21 411
21,240
21 205
21,860
23 282

318
310
284
309
357

207
283
432
375
313

21,937
21,834
21,921
22,545
23,953

23,725
23,793
23,850
23,865
23,872

4,568
4,571
4,571
4,570
4,573

28,072
28,287
28,156
28,083
28,080

,323
,326
,321
,319
,324

1,693
1,331
661
1,436
1,660

413
406
412
401
410

442
465
463
457
454

564
565
592
590
586

17,724
17,817
18,737
18,694
19,884

16,871
16,891
17,090
17,715
18,944

853
926
1,647
979
940

27

23 143
23,303
23 192
23 242

23 143
23,303
23 192
23 242

296
500
289
300

267
163
387
253

23,707
23,967
23 869
23,797

23,888
23,965
23,983
23,996

4,572
4,572
4,574
4,575

28,202
28,284
28,157
28,091

,324
,317
,326
,322

,596
,551
,530
,524

400
455
455
441

467
461
458
447

596
596
590
584

19,584
19,840
19,910
19,960

18,977
18,911
19,040
19,086

607
929
870
874

Nov. 3
10
17
24

23 239
23,144
22930
22,993

23,239
23,144
22930
22,993

320
326
282
582

169
457
621
365

23,729
23,929
23,834
23,941

24,007
24,097
24,110
24,150

4,578
4,579
4,579
4,580

28,254
28,337
28,215
28,305

,317
,317
,324
,317

,473
,553
,591
,650

463
434
472
466

423
478
429
456

539
539
540
542

19,846
19,947
19,953
19,934

18,988
19,025
19,138
19,104

858
922
815
830

Dec. 1
8
15
22

23,165
23 004
22,993
22,845
23 347

23,165
23,004
22,993
22 845
23 347

306
399
267
426
255

311
323
658
949
511

23,783
23,727
23,919
24,221
24,113

24,165
24,218
24,230
24,234
24,236

4,583
4,585
4,585
4,584
4,585

28,322
28,415
28,369
28,560
28,325

,338
,314
1,327
1,326
1,329

1,527
1,540
969
1,575
1,283

489
512
531
549
614

438
474
463
484
493

541
548
641
647
652

19,877
19,727
20,435
19,899
20,238

19,094
19,067
19,219
19,237
19,180

783
660
1,216
662
1,058

19 ...
26

Dec. 3
10
17
24
31
1948
Jan. .-7
14
21
28
Feb. 4
11
18
25
Mar

-..

3 ...
10
17
24
31

p 7
ADF

u;;::;:

21
28

May 5
19
26

June

2
9

16
23

30
July

7
14
21
28

29
Oct

6
13

20

29

For notes see Part A of this table.

Digitized for FRASER


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

1
1
1
1

g
w
w

m
00

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued

tn
2
w
W

D. WEDNESDAY FIGURES, 1941-70Continued


[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Date

ON

1949

Repurchase
agreements

Discounts
and
advances

Float

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Treasury

Foreign

Total

Bought
outright

22,919
22,465
22,117
22,039

22,919
22,465
22,117
22,039

229
364
242
458

578
363
639
462

1
1
1

23,727
23,193
22,999
22,960

24,249
24,253
24,264
24,268

4,586
4,586
4,586
4,587

28,151
27,919
27,717
27,561

,322
,323
,327
,333

951
939
804
1,135

672
671
715
680

495
473
552
458

Other

Other
Federal
Reserve
accounts

Member bank reserves

Excess9

Total

Required 9

597
600
603
613

20,375
20,105
20,133
20,035

19,244
19,118
19,183
19,113

1,131
987
950
922

Jan.

5
12
19
26

Feb.

2
9
16
23

22,215
22,350
22,303
22,358

22,215
22,350
22,303
22,358

297
251
238
303

313
234
384
185

1
1
1

22,827
22,836
22,926
22,847

24,279
24,279
24,284
24,290

4,588
4,587
4,586
4,586

27,556
27,557
27,480
27,551

,327
,327
,323
,326

1,284
1,430
1,754
1,591

731
718
729
750

472
457
449
443

613
614
615
620

19,711
19,597
19,447
19,441

19,072
18,921
18,841
18,754

639
676
606
687

Mar

2
9
16
23
30

21,837
21,529
21,500
21,675
21,828

21,837
21,529
21,500
21,675
21,828

242
203
429
594
298

342
270
418
243
251

1
1
1
1
1

22,422
22,003
22,348
22,512
22,378

24,290
24,295
24,305
24,307
24,311

4,587
4,587
4,588
4,588
4,591

27,557
27,577
27,500
27,423
27,403

,320
,320
,324
,327
,320

877
711
591
1,432
1,678

750
745
740
707
694

482
478
487
489
496

628
632
662
670
671

19,684
19,424
19,936
19,360
19,019

18,872
18,787
18,946
18,655
18,503

812
637
990
705
516

Apr.

6
13
20
27

21,597
21,491
21,288
21,208

21,597
21,491
21,288
21,208

213
232
453
266

333
332
308
230

1
1
1
1

22,143
22,056
22,050
21,705

24,317
24,321
24,324
24,329

4,591
4,592
4,589
4,592

27,514
27,507
27,408
27,356

,329
,318
,333
,330

1,116
1,028
1,054
1,146

611
594
600
588

493
516
494
505

676
678
678
679

19,311
19,327
19,398
19,020

18,479
18,505
18,519
18,492

832
822
879
528

May 4
11
18
25

20,839
20,130
19,706
19,691

20,839
20,130
19,706
19,691

480
203
773
171

257
225
255
185

1
1
1
1

21,576
20,559
20,735
20,048

24,334
24,335
24,338
24,339

4,592
4,592
4,591
4,591

27,447
27,452
27,392
27,367

,324
,314
,313
,312

990
913
1,026
668

531
500
494
483

514
517
511
495

623
625
627
627

19,073
18,164
18,302
18,027

18,161
17,285
17,248
17,305

912
879
1,054
722

8
15
22
29

19,767
19,594
19,461
19,166
19,517

19,767
19,594
19,461
19,166
19,442

158
157
139
671
150

219
204
310
276
208

1
1
1
1
1

20,145
19,956
19,911
20,113
19,875

24,342
24,381
24,423
24,421
24,466

4,595
4,596
4,596
4,596
4,597

27,515
27,484
27,391
27,345
27,426

,321
,315
,309
,304
,324

622
378
9
508
497

453
482
468
477
507

458
464
438
466
451

637
640
708
715
720

18,076
18,170
18,606
18,314
18,013

17,288
17,249
17,387
17,348
17,334

788
921
1,219
966
679

July

6
13
20
27

19,343
18,842
18,474
18,490

19,343
18,842
18,474
18,490

114
140
360
417

321
296
261
168

1
1
1
1

19,779
19,279
19,096
19,075

24,471
24,513
24,518
24,520

4,597
4,596
4,595
4,594

27,659
27,480
27,366
27,333

,306
,317
,310
,307

262
371
449
447

485
508
526
467

413
465
404
409

741
741
739
741

17,980
17,506
17,415
17,486

16,518
16,493
16,522
16,586

1,462
1,013
893
900

Aug

3
10
17
24
31

18,693
18,606
18,226
17,803
17,524

18,693
18,606
18,226
17,803
17,447

221
180
227
162
170

1
1
1

77

298
138
240
115
531

19,213
18,924
18,694
18,081
18,225

24,562
24,568
24,608
24,610
24,608

4,593
4,592
4,592
4,591
4,593

27,419
27,409
27,383
27,328
27,393

,312
,314
,313
,321
,308

411
370
444
485
610

494
494
493
464
439

424
461
477
484
475

689
691
689
690
690

17,619
17,347
17,096
16,509
16,512

16,490
16,513
15,799
15,596
15,337

1,129
834
1,297
913
1,175

Sept. 7
14
21
28

17,413
17,250
17,154
17,852

17,413
17,250
17,154
17,824

28

116
123
146
300

250
430
332
244

1
1
1
1

17,780
17,804
17,633
18,397

24,647
24,649
24,691
24,602

4,592
4,592
4,591
4,590

27,589
27,454
27,365
27,348

,317
,312
,314
,311

472
334
801
1,170

463
422
435
517

493
509
527
512

690
691
713
715

15,995
16,322
15,760
16,016

15,064
15,207
15,244
15,139

931
1,115
516
877

Oct

5
12
19
26

17,961
17,779
17,666
17,403

17,961
17,779
17,666
17,403

112
109
122
138

331
413
368
291

1
1
1
1

18,406
18,301
18,157
17,833

24,604
24,604
24,585
24,584

4,593
4,592
4,591
4,591

27,476
27,546
27,427
27,328

,321
,296
,310
,313

612
554
317
374

549
558
576
614

527
689
566
550

734
734
732
732

16,384
16,119
16,405
16,098

15,242
15,211
15,330
15,314

1,142
908
1,075
784

Nov. 2
9

17,533
17,706

17,533
17.706

611
319

271
159

1
1

18,416
18,185

24,583
24,532

4,591
4,592

27,382
27,528

,318
,312

545
415

661
689

558
531

690
690

16,437
16,145

15,319
15,262

1,118
883

Digitized for FRASER


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

w
>

75

o
H

437
287
261 |

1
2
2

18 351
18,091
18,267

24 530
24530 1
24,479

4 592 27 397 i
4 596 27 508
4,596 ! 27,543

1 323
1 315
1,317

408
410
517

693
745
726

531
561
512

690
691
689

16432
15,987
16,038

15,346
15,361
15,367

17,931
18 169
18,538
18 789

407
107
128
142

287
453
840
446

2
2
2
2

18,628
18 731
19,508
19 379

24,477
24 476 1
24,427
24427

4596
4 596
4595
4598

27,699 i
27 701 I
27,833
27765

1,309
1 314
1,309
1 314

441
393
1,027
987

764
766
743
763

507
507
524
517

690
690
756
758

16,291
16,433
16,337
16,299

15,395 i
15,561
15,523
15,462

896
872
814
837

18,829
18,230
17,872
17,764

18,829
18,230 1
17 872
17,764

95
99
97
120

545
313
412
414

2
2
2
2

19 471
18,644
18 383
18,300

24427
24,426
24426
24,425

4597
4596
4 596
4596

27,551
27,311
27 121
26,913

1,319
1,313
1 315
1,321

547
255
381
539

758
836
910
934

719
546
720
545
720
470
474 | 721

17,055
16,686
16,487
16,419

15,597
15,593
15,630
15,617

1,458
1,093
857
802

1
8.. .
15
22.. ..

17,855
17,656
17,781
17,625

17,855
17 656
17,781
17 625

456
223
267
94

307
264
531
382

2
2
2
2

18,620
18 146
18,581
18 103

24,395
24 345
24,343
24 345

4599
4 598
4598
4598

26,928
26985
26,993
27 016

1,318
1 313
1,313
1 311

637
366
671
371

917
904
890
885

561
528
528
593

720
727
728
731

16,532
16,265
16,400
16 139

15,534
15,456
15,383
15,421

998
809
1,017
718

1. ,
8
15.. ..
22
29..

17,757
17,846
17,791
17,573
17,516

17757
17,846
17 791
17,573
17 516

314
87
71
186
365

381
427
399
274
261

2
3
3
3
3

18 454
18,363
18 264
18,036
18 144

24 345
24,345
24 320
2^271
24 246

4 600
4 601
4 601
4600
4 599

27 060
27,105
27 023
26,972
26969

1 316
1,322
1 307
1,308
1 321

555
433
9
759
997

885
898
880
839
879

559
557
436
300
276

736
739
759
761
766

16,288
16,258
16,771
15,969
15,782

15,347
15,26!
15,405
15,324
15,268

941
997
1,366
645
514

19
26

5.. .
12.:::::::::::'

17,572
17,597
17,410
17,640

17 572
17,557
17,410
17,640

168
160
137
218

389
309
379
280

3
3
3
3

18 132
18068
17,928
18 141

24246
24,247
24,247
24 247

4601
4600
4,600
4600

27 133
27,072
26,992
26,962

1 317
1,313
1,319
1,316

622
587
647
833

883
896
905
914

284
281
357
295

769
769
771
771

15,971
15,996
15,786
15,898

15,209
15,248
15,265
15,243

762
748
521
655

May 3
10
17
24
31

17,711
17,591
17,401
17,290
17,389

17711
17,591

17401
17,290
17,389

121
90
79
106
306

357
294
518
285
236

3
3
3
3
3

18 192
17,978
18001
17,683
17 935

24,247
24,249
24,230
24,230
24231

4602
4,602
4601
4,601
4606

27,051
27,041
26,980
26,908
27,090

1,326
1,318
1,294
1,292
1,309

678
533
426
428
588

996
1,018
1,022
969
988

291
296
271
276
266

712
717
716
719
718

15,986
15,907
16,123
15,922
15,814

15,224
15,147
15,275
15,305
15,288

762
760
848
617
526

14..
21
28..

17,672
17 693
17,679
18 217

17,672
17 693
17,679
18 217

94
79
75
69

374
495
505
278

3
3
3
3

18,143
18 270
18,261
18 567

24,232
24 232
24,231
24230

4605
4 604
4604
4608

27,079
26,993
26,926
27,026

1,309
1 304
1,294
1,306

472
319
529
866

1,051
072
,124
,140

270
374
271
300

733
734
784
778

16,067
16,309
16,169
15,988

15,350
15,433
15,522
15,462

717
876
647
526

5,.. .
12.:::::::::::'
19

18 586
18,294
17 869
17,964

84
65
200
350

278
396
404
319

3
3
3
3

18 950
18,757
18 475
18,636

24 231
24,207
24207
24,157

4607
4,606
4606
4,605

27,315
27,169
27,029
26,915

1,302
1,309
1,310
1,315

645
383
525
504

,180
,180
,202
,174

290

26

18,586
18,294
17,869
17,964

261
265

802
804
803
809

16,254
16,448
16,157
16,415

15,463
15,544
15,527
15,585

791
904
630
830

Aug. 2
9.. ..
16
23
30

18,143
18,349
18,334
18,577
18,584

18,123
18 273
18,261
18,577
18,584

301
263
106
115
107 1

316
290
447
189
286

2
2
2
2
2

18,762
18 904
18,889
18,883
18,979

24,136
24035
23,954
23,803
23,752

4609
4608
4608
4,609
4611

27,000
27,015
26,976
26,963
27,042

1,304
1,309
1,309
1,308
1,308

564
667
717
562
676

,209
,141
,105
993
1,006

278
290
287
279
298

757
759
759
748
728

16,395
16,366
16,298
16,442
J 6,285

15,553
15,535
15,613
15,686
15,767

842
831
685
756
518

Sent. 6

..

18,942
19,064
18,526
19 353

18,942
19,064
18,526
19 341

394
527
589
599

2
2
2
2

19,438
19,665
19,169
20075

23,577
23,576
23,525
23 474

4613
4,613
4,613
4 614

27,259
27,151
27,081
27,060

1,311
1,305
1,301
1,307

511
648
654
1 144

928
872
892
910

292
309
312
280

716
703
768
762

16,611
16,865
16,299
16,699

15,747
15,934
15,946
15,837

864
931
353
862

4. ..
11
18,
25

19,375
19,507
19 506
19 229

19 375
19,507
19 506
19229

99
71
51
120
44
67
38
50

550
468
879
471

2
2
2
2

19972
20,044
20426
19,753

23482
23,432
23 291
23,290

4 617
4618
4 617
4618 I

27,188
27,339
27,228
27,121

1,308
1,316
1 313
1,300

848
508
449
420

987
,045
016
,072

301
287
276 j
295

813
809
807
805

16,626
16,789
17,245
16,649

15,848
15,829
15,995
15,962

778
960
1,250
687

Nov. 1
8
15. ...
22
29. ..

19 291
19,311
19425
19,296
19 569

19291
19,311
19 425
19,296
19 531

38

111
291
71
247
240

456
249
672
617
690

2
2
2
2
2

19860
19,853
20 171
20,162
20501

23,249
23,198
23,148
23,097
23,037

4622
4,622
4621
4,622
4626

27,219
27,388
27,296
27,450
27,543

1,304
1,292
1,304
1,281
1,298

452
298
341
541
564

,010
,028
965
934
921

325
296
234
307
297

749
747
746
746
742

16,674
16,625
17,054
16,622
16,799

15,947
15,906
16,044
16,084
16,120

Dec

20239
20,529
20227
20337

20239
20,529
20227
20,303

34

110
69
54
301

571
744
1 581
1,079

2
2
2
2

20922
21,344
21 864
21,720

22,976
22,926
22,796
22,795

4628
4,628
4630
4,631

27,698
27,759
27,929
27,916

1,294
1,294
1,291
1,295

540
451
685
786

928
919
900
921

292
294
308
295

726
716
760
760

17,049
17,465
17,416
17,174

16,100
16,365
16,550
16,415

727
719
1,010
538
679
949
1,100
866
759

17,789
17,669
17,682

17789
17,669
17,682

Dec

7
14..
21
28..

17,931
18,169
18,538
18,789

Jan.

4
11
18
25

Feb

Mar

Am-

L*
ON
-J

(]
I

124
133
322

16 .
23
30

Julv

1950

13.::..:::::..
20

27.
Oct

6.
13
20
27

For notes see Part A of this table.

Digitized for FRASER


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

40

20
76
73

12

111

1 086
626
671

5
i
w
w

I
m

C/3

10.1 MEiVEBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Date
Total

RepurB ought j l chase


outagreeright
ments

20,571
20,461
20,798
20,545
21,484

20,571
20,461
20,798
20,545
21,411

7
14
21
28

21,641
21,808
21,854
21,881

21,611
21,798
21,854
21,881

Mar. 7
14
21
28

22,179
22,426
22,348
22,606

22,179
22,426
22,348
22,532

Apr

4
11
18
25

22,914
23,086
23,086
22,940

22,914
23,086
23,086
22,940

May 2
9
16
23
30

22,716
22,544
22,397
22,413
22,293

22,716
22,519
22,347
22,388
22,268

June 6

22,653
22,758
22,806
22,843

22,653
22,758
22,806
22,843

22,977
23,092
23,081
23,057

22,944
23,055
23,073
22,993

Awg. I . . . . . . . . . o ...
8
15
2^
29
. . ..

23,081
23,118
23,151
23,084
23,066

Sept, 5

Jan.

Feb.

3
10
17
24
31

Total

Gold
stock

Treasury
cash i
holdings
Treasury

Foreign

Other

Other
Federal
Reserve
accounts

Member bank reserves

Total

Required 9

1,279
697
1,021
787
765

3
- 3
3
3
3

21,879
21,235
21,923
21,608
23,051

22,706
22,546 i
22,494
22,443
22,392

4,634
4,635
4,635
4,635
4,638

27,685
27,415
27,200
27,028
27,048

,299
,308
S303
,303
,297

546
273
105
256
807

942
858
904
850
866

308
315
209
245
340

747
745
743
743
737

17,691
17,502
18,587
18,260
18,984

16,500
16,391
17,618
17,610
18,047

1,191
1,111
969
650
937

643
294
196
398

973
1,225
1,229
905

4
4
4
4

23,260
23,330
23,283
23,188

22,341
22,260
22,207
22,086

4,638
4,637
4,637
4,640

27,125
27,159
27,164
27,188

,307
,292
,277
,293

795
864
796
465

887
916
888
839

313
310
335
333

733
729

19,075
18,952
18,934
19,066

18,249
18,211
18,357
18,366

826
741
577
700

207
132
151
471

836
1,089
1,105
769

4
4
4
6

23,226
23,652
23,607
23,852

21,951
21,900
21,856
21,855

4,639
4,639
4,638
4,637

27,219
27,167
27,121
27,038

,308
,283
,295
,299

495
420
608
1,052

855
856
840
898

210
246
202
299 '

724
721
734
736

19,004
19,498
19,301
19,023

18,288
18,456
18,724
18,535

716
1,042
577
488

126
92
113
149

768
712
1,030
695

5
5
5
5

23,813
23,895
24,234
23,789

21,806
21,806
21,807
21,807

4,640
4,640
4,640
4,641

27,138
27,166
27,157
27,122

,304
,287
,293
,296

711
411
621
678

849
828
867
892

364
362
317
320

753
753
752
753

19,141
19,533
19,674
19,176

18,495
18,546
18,558
18,482

646
987
1,116
694

264
422
542
226
540

739
736
969
767
559

5
5
5
5
5

23,724
23,706
23,913
23,411
23,396

21,755
21,755
21,755
21,755
21,755

4,643
4,643
4,643
4,642
4,642

27,255
27,315
27,287
27,251
27,461

,294
,298
,297
,290
,294

707
767
745
765
620

909
894
911
884
895

317
301
303
317
322

697
696
695
696
693

18,942
18,833
19,072
18,606
18,508

18,486
18,270
18,306
18,315
18,202

456
563
766
291
306

128
179
165
220

759
840
1,173
846

5
6
5
5

23,546
23,783
24,150
23,916

21,756
21,756
21,755
21,755

4,644
4,647
4,648
4,650

27,520
27,499
27,479
27,601

303
,289
,285
,286

139
129
433
418

900
913
905
947

202
182
194
192

684
686
774
775

19,198
19,487
19,482
19,102

18,335
18,417
18,642
18,564

863
1,070
840
538

33
37
8
64

181
236
300
78

806
933
1,218
922

6
6
6
6

23,970
24,267
24,605
24,063

21,756
21,757
21,758
21,759

4,654
4,656
4,656
4,658

27,948
27,893
27,781
27,706

,287
,296
,296
,305

179
253
612
424

855
910
867
880

159
197
316 1
311

'764
768
766
767

19,189
19,364
19,380
19,088

18,480
18,459
18,465
18,440

709
905
915
648

22,988
23,039
23,039
23,040
23,040

93
79
112
44
26

40S
200
242
214
278

im

6
6
6

24,282
24,046
24,360
24,175
24,001

21,759
21,759
21,800
21,800
21,800

4,663
4,665
4,666
4,667
4,668

27,E42
27,904
27,925
27,932
28,034

,30E
,298
,288
,292
,291

557
203
495
434
557

828
871
867
825
784

347
145
246
271
215

722
720
719
718
717

19,099
19,328
19,285
19,172
18,871

18,430
18,441
18,468
18,517
18,485

669
887
817
655
386

i$!!!!!!""!!!

26

23,079
23,1 OS
23,135
23,474

23,057
23,055
23,118
23,373

22
53
17
101

243
325
359
216

678
945
1,284
983

6
6
5

24,006
24,384
24,783
24,677

21,854
21,853
21,934
22,013

4,672 28,262
4,673 28,216
4,674 ' 28,140
4,676 28,137

,299
,294
,285 ;
,288 !

408
474
477
816

781
780
757
769

241
267 1
166
255

714
713
730
731

18,825
19,167
19,835
19,369

18,406
18,555
18,864
18,837

419
612
971
532

3......
10
17
24.
31

24,039
24,072
23,848
23,666
23,552

24,039
24,072
23,848 ........
23,666
23,552

69
79
69
152
186

917
870
1,195
1,019
685

5
5
5
5
4

25,030
25,025
25,117
24,841
24S427

22,015
22,055
22,105
22,144
22,233

4,6110
4,680
4,681
4,683
4,688

,284
,286
,296
,291
,283

397
335
326
509
493

725
767
705
655
556

241
235 i
270
231
262

753
750
851
850
780

20,004
19,939
20,068
19,833
19,557

18,143
18,868
18,950
19,144
19,060

1,161
1,071
1,118
689
497

23,507
23397

23,507
23,397

243
274

840
926

5
4

24,595
24.602

22,284
22.283

4,6S6 28,534
4.688 i 28.601

1,291
1.284

452
245

568
594

275 ,
221 i

778
776

19,667
19.850

18,988 i
18.976

679
874

4
11.
IB
25

Nov. 7
14

Excess9

28
73
100
272
798

Oct.

Float

All
other 3

Deposits, other than


member bank reserves,
with F. R. Banks

1951

20
27

July

Discounts
and
advances

Treasury
Curcurrency
rency ;
in
out- < circu; stand- 1 lation
ing

o ....

Digitized for FRASER


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

73
30
10

74

25
50
25
25

122
961
871
652

28,320 :!
28,448
28,385
28,301
28,417

ES
w

i
C/D

21
28

23,275
23,239

23 275
23,239

227
483

1,238
953

4
4

24745
24*679

22 333
22 332

4689
4,693

28 701
28 742

1 285
1 288

364
548

578
549

222
201

774
774

19843
19 603

19211
19 229

632
374

Dec. 5
12
19
26

23,239
23 239
23,239
23 503

23,239
23 239
23*239
23 345

959
710
449
797

879
1 027
2.053
1 272

4
4
4
5

25081
24 980
25 745
25 576

22 381
22 382
22 491
22 621

4699
4700
4703
4704

28 891
29 037
29 263
29403

1 292
1 284
1 269
1 289

501
266
6
289

570
527
519
610

217
213
257
270

770
770
827
832

19919
19964
20798
20 208

19
19
19
19

196
317
767
637

723
647
1,031
571

Jan. 2
9
16
23
30

23,658
23 452
23 119
22,993
22785

23 605
23452
23 119
22993
22 785

105
198
135
112
210

1 057
900
1 114
1,006
707

4
5
4
4
4

24825
24 554
24372
24 116
23 707

22697
22 772
22 822
22 872
22931

4706
4 707
4710
4,711
4716

29,143
28 800
28 526
28,342
28 347

1
1
1
1
1

275
280
291
280
302

8
69
138
11
221

523
529
535
495
457

171
242
184
168
272

745
743
744
743
742

20 364
20 369
20488
20660
20 013

19 685
19 551
19*590
19 573
19455

679
818
898
1,087
D58

Feb. 6
13
20
27

22 614
22,499
22400
22 555

22 614
22499
22400
22555

283
619
454
422

754
630
1 029
768

5
5
4
5

23 656
23753
23 887
23 750

22990
23 Oil
23 071
23 110

4717
4717
4721
4722

28 378
28,425
28 387
28 390

1
1
1
1

317
276
308
308

52
261
491
712

462
428
476
523

266
257
273
207

741
741
738
735

20 148
20094
20 007
19 710

19415
19 304
19 293
19 224

733
790
714
486

Mar. 5
12
19
26*"

22514
22530
22 825
22 528

22 514
22 519
22 825
22528

384
357
126
170

981
886
1 260
710

5
5
5
5

23 883
23 778
24216
23*413

23 290
23 291
23 292
2i 291

4726
4726
4729
4731

28464
28452
28 361
28 329

1
1
1
1

296
296
285
282

670
639
6
7

600
566
547
545

295
275
195
191

787
785
803
804

19787
19 781
21038
20 276

19
19
19
19

166
182
627
500

621
599
1 411
776

2
9
16
23
30

22514
22*494
22467
22 372
22,363

22 514
22494
22467
22 372
22 363

130
167
622
830
676

761
726
1,015
766
588

5
5
5
5
5

23409
23 393
24 109
23 973
23 632

23 291
23 293
23 293
23 295
23297

4 736
4736
4,737
4738
4739

28 445
28 526
28,436
28 333
28,464

1 281
1 273
1 288
1 287
1 281

295
381
520
877
450

565
562
576
538
518

211
201
277
271
266

827
827
825
824
749

19 812
19 652
20218
19 875
19940

19 166
19076
19 225
19087
19 143

646
576
993
788
797

May 7
14
21
28

22329
22 315
22283
22273

22 329
22 315
22283
22 273

1 043
671
499
816

690
773
1 008
648

5
5
5
5

24067
23 764
23794
23 742

23 297
23 297
23 298
23296

4739
4739
4739
4741

28,523
28497
28,483
28 710

1
1
1
1

286
293
279
286

749
516
384
558

497
539
572
597

265
257
241
216

747
745
745
745

20034
19953
20 127
19 667

19071
19092
19 181
19217

963
861
946
450

11
18
25.....

22,378
22 492
22 997
22 564

22,273
22 273
22914
22 564

105
219
83

926
834
541
307

770
798
1 285
877

5
5
5
5

24,079
24 128
24828
23753

23,296
23 297
23 297
23 346

4,747
4 750
4751
4,752

28,842
28,830
28 787
28,814

1,282
284
286
290

527
507
9
134

608
623
600
595

216
211
168
218

742
742
794
793

19,906
19978
21 232
20* 006

19,207
19 226
19 736
19 621

699
752
1,496
385

2
9
16
23
30

22869
22,860
22723
22,726
22844

22764
22,645
22 605
22,576
22602

105
215
118
150
242

480
683
974
1,073
1 403

801
918
970
871
655

5
5
5
5
5

24 155
24,465
24671
24,674
24,907

23,346
23,347
23,348
23,350
23,350

4,755
4,754
4,756
4,756
4,761

29,180
29,148
28,988
28,884
28,952

,277
,264
,271
,275
286

90
38
307
482
605

576
638
700
766
785

184
268
288
250
257

798
799
797
797
724

20 153
20,413
20422
20 326
20409

20 104
20,008
19 973
19,875
19 829

49
405
449
451
580

Aug. 6
13 ..
20
27

22977
23051
23032
23,092

22 891
23 032
23 032
23,055

86
19

843
770
979
897

616
727
795
610

4
5
5
4

24440
24 553
24 810
24,603

23 350
23 344
23 344
23,344

4,763
4764
4,766
4,768

29,041
29051
29,068
29,129

,279
277
281
,276

270
422
526
707

727
864
839
849

255
193
218
235

722
718
721
721

20260
20 136
20267
19 797

19 675
19 692
19 652
19,643

585
444
615
154

Sept. 3
10
17
24 .

23,182
23 229
23,740
23 715

23,116
23 116
23,740
23 715

66
113

968
880
313
400

661
759
1,191
738

5
5
5
4

24,816
24,872
25,249
24,857

23,344
23 344
23,344
23,343

4,774
4,776
4,780
4,781

29,391
29,364
29,292
29,247

,285
279
1,281
1 274

715
347
6
264

815
789
821
728

251
159
177
161

717
715
729
726

19760
20 340
21 067
20581

19,511
19 549
19,957
19 901

249
791
1,110
680

23 694
23,663
23 663
23,663
23 624

23 694
23,663
23 663
23,663
23 624

544
1,019
172

1 171

721
698
887
1,070
706

4
4
4
4
4

24,963
25,384
25,325
25,867
25 505

23,342
23,341
23 341
23,340
23 340

4,787
4,787
4,787
4,790
4,790

29,417
29,545
29,617
29,511
29,540

1 287
1,280
1 276
1,281
1 289

523
596
212
618
588

722
723
675
684
655

162
249
179
245
236

882
880
881
878
877

20098
20239
20613
20779
20449

19762
19567
20089
20 128
19 975

336
672
524
651
474

23 520
23 567
23 563
23761

23495
23492
23 502
23,612

25
75
61
149

1 663
1,583
1 486
1615

528
542
1 140
921

4
4
4
4

25714
25,696
26 193
26,301

23 339
23,338
23 337
23,338

4,794
4,794
4797
4,797

29,748
29,905
29,842
30,152

1 278
1,282
1 292
1,267

789
505
703
317

643
639
691
711

250
244
258
270

805
805
803
801

20 334
20447
20738
20917

19 884
19906
20073
20409

450
541
665
508

23968
24,239
24469
24,613
24697

23,712
23,787
23,914
23,997
24033

256
452
555
616
664

1,591
1,752
1,022
1,728
156

1,188
866
1,543
1,516
967

4
3
4
4
4

26,751
26,860
27,039
27,860
25,825

23,337
23,337
23,277
23,186
23 187

4,803
4,804
4,806
4,809
4,812

30,274
30,370
30,487
30,732
30,433

1,278
1,280
1,269
1,266
1,270

719
645
371
665
389

734
720
729
729
550

147
316
208
201
455

800
802
860
863
777

20939
20,868
21 198
21,400
19950

20371
20,288
20582
20.S31
20520

568
580
616
869
-570

158

1952

Apr

July

Oct.

1
8
15.. .
22
29

Nov 5
12
19
26

Dec.

3
10
17
24
31.

For notes see Part A of this table.

Digitized for FRASER


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

53

11

37

1,130

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Date

Repurchase
agreements

Total

Bought
outright

24,391
24,205
24,034
23,970

24,034
24,034
24,034
23,970

357
171

4
11 .
18
25 , ,

23,989
23,929
23,890
23,853

23,888
23,888
23,888
23,853

101
41
2

Mar

4
11
18
25

23,853
23,853
23,963
23,869

Apr

1 ...
8
15
22
29

May 6
13 ...
20
27

Jan.

7
14
21
28

1953

Discounts
and
advances

Float

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Treasury

Foreign

Other

Other
Federal
Reserve
accounts

Member bank reserves

Total

ReExquired 9 ; cess g

26,695
26,166
25,904
26,009

23,137
23,137
23,088
23,036

4,814
4,814
4,814
4,815

30,153
29,884
29,687
29,592

,280
,280
,291
,298

%
745

571
699
622
612

343
364
348
336

776
776
774
775

20,902
20,660
20,741
20,502

20,309
20,274
20,255 ;
20,095 I;

593
386
486
407

J4

26,148
25,912
25,648
25,406

22,935
22,832
22,722
22,662

4,820
4,820
4,821
4,821

29,657
29,776
29,654
29,735

,331
,312
,288
,291

672
431
395
389

562
558
458
454

326
340
244
211

770
770
835
834

20,584
20,376
20,318
19,975

19,956 <
19,894
19,979
19,791 i

628
482
339
184

1,061
770
1,203
810

4
4
4
4

25,742
25,941
26,178
25,387

22,662
22,611
22,612
22,562

4,824
4,824
4,826
4,826

29,772
29,780
29,708
29,600

,295
,299
,305
,306

488
331
?

512
581
496
511

241
344
381
351

830
829
852
852

20,090
20,212
20,865
20,148

19,840 'I
19,821
20,002
19,854

250
391
863
294

15

465
908
868
842
837

748
709
856
743
581

4
4
4
4
3

25,023
25,427
25,549
25,395
25,227

22,563
22,562
22,562
22,562
22,562

4,827
4,828
4,833
4,834
4,836

29,754
29,780
29,753
29,722
29,787

,304
,300
,278
,279
,278

286
329
341
509
367

550
568
574
585
518

344
343
200
356
401

869
868
865
864
784

19,305
19,629
19,932
19,476
19,489

19,518
19,472 !:
19,560
19,481
19,395

-213
157
372
5
94

23,806
23,851
23,891
23,963

54
28
31
125

932
1,264
530
571

647
684
832
645

3
4
4

25,443
25,831
25,288
25,308

22,561
22,561
22,562
22,536

4,840
4,841
4,844
4,845

29,863
29,845
29,795
29,825

,285
,285
,282
1,284

214
428
145
355

517
618
584
504

374
366
286
238

780
780
111
111

19,811
19,912
19,824
19,706

19,386
19,282
19,312
19,298 J

425
630
512
408

24,121
24,637
25,154
24,837

24,071
24,632
25,154
24,837

50
5

507
454
286
317

785
646
1,213
619

4
3
3
3

25,418
25,741
26,656
25,776

22,536
22,537
22,513
22,487

4,849
4,850
4,851
4,851

29,980
30,003
29,970
29,929

1,282
1,289
1,276
1,272

13

520
587
598
615

253
173
252
158

902
902
958
960

19,729
20,168
20,958
20,173

19,209
19,449
19,778
19,594 ;

520
719
1,180
579

24,766
24,964
24,964
24,964
24,964

24,766
24,964
24,964
24,964
24,964

245
341
200
521
747

737
677
756
777
588

}
3

25,752
25,984
25,923
26,265
26,301

22,463
22,438
22,374
22,276
22,277

4,854
4,854
4,853
4,853
4,853

30,152
30,279
30,163
30,051
30,044

1,269
1,266
1,264
1,267
1,264

176
431
640
539 |
841

521
488
561 ,
525
547

174
176
179
323
343

949
19,828
19,690
948
947 i 19,397
947
19,742
863
19,529

19,113 !
19,002
18,253
19,098 :
19,014 '!

715
688
1,144
644
515

Aug. 5....
12 ...
19
26

24,964
24,964
25,008
25,017

24,964
24,964
24,989
24,989

561 i
776
815
524

625
609
751
587

3
3
3
3

26,153
26,352
26,577
26,131

22,227
22,228
22,228
22,228

4,858
4,859
4,861
4,862

30,139
30,158
30,145
30,105

1,276
1,275
1,280
1,273

460
675
738
669

557
551 i
610
518 1

332
329
390
354 \

860
859
862
862

Sept

2. ...
9
16....
23
30

25,067
25,126
25,207
25,185
25,235

25,014
25,034
25,084 !
25,185
25,235

391
491
311
228
329

610
559
943
813
685

3
3
3
3
3

26,071
26,179
26,464
26,228
26,252

22,178
22,178
22,178
22,179
22,128

4,865
4,865
4,868
4,869
4,872

30,240
30,479
30,335
30,210
30,275

1,278
1,274
1,278
1,277
1,283

541
574
356
619
642

538
569
507
543
512

333
363
381
259
352

mi

7
14
21
28

25,348
25,363
25,348
25,348

25,348
25,348
25,348
25,348

15

281
271
260
359

606
685
826
599

3
3
3
3

26,238
26,322
26,437
26,309

22,128
22,128
22,077
22,077

4,872
4,873
4,874
4,874

30,374
30,412
30,305
30,268

1,284
1,271
1,270
1,282

524
348
530
644

484
461
461
471

Nov. 4
11

25,447
25,123

25,398
24,958

49
165

822
365

559
622

3
2

26,830
26.111

22,076
22,077

4,877
4,878

30,428
30,540

1,283
784

664
322

453
449

Feb.

1,336
1,076
862
1,307

965
881
1,005
728

1,385
1,329
732
806

771
650
1,023
744

23,853
23,853
23,963
23,869

824
1,315
1,009
705

23,806
23,806
23,821
23,806
23,806

23,806
23,806
23,806
23,806
23,806

23,860
23,879
23,922
24,088
.....

S:::.;::::::::

June 3
10
17
24
July

15
22
29

Get

Digitized for FRASER


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

19
28
53
92
123

I
4

s
s

622

I
t
8

18,959
18,942
18,864
18,860

655
651
777
580

859
19,325
859 i 19,104
19,771
881 I 19,486
880
19,309

18,884 i
18,731
18,885
18,868 ;
18,816 !

441
373
886
618
493

370
375
358
366

899
899
897
895

19,303
19,557
19,567
19,334

18,757
18,728
18,817
18,796

546
829
750
538

376
534

801
808

19,779
19,630

18,845
19,026

934
604

19,614
19,593
19,641
19,440

H
B

18

24,958
25022

24,958
24993

29

594
768

933
636

2
2

26,487
26428

22,076
22027

4,878
4879

30,487
30691

786
777

503
522

419
429

398
335

805
805

20,044
19,775

19,184
19,147

860
628

25081
25,345
25 457
25,886
25 902

25043
25,143
25243
25,318
25 318

38
202
214
568
584

427
727
268
435
100

792
606
1 193
1 369
973

2
2
2
2
2

26 302
26,681
26921
27,692
26977

22028
22,028
22028
22,029
22029

4882
4883
4884
4,886
4889

30791
30,904
30953
31,156
30890

774
778
769
763
773

526
488
224
799
377

431
491
464
461
474

339
331
259
427
380

878
880
936
937
936

19,474
19,720
20229
20,064
20066

19,161
19,053
19,309
19,294
19,364

313
667
920
770
702

25 384
25,318
25 364
24,661

25,318
25,318
25 364
24,661

66

170
156
70
110

963
754
977
722

2
2
2
2

26,519
26,230
26412
25,495

22029
22,030
22006
22,006

4890
4,890
4890
4,890

30,591
30,284
30,083
29,900

770
775
782
795

222
86
5
236

440
500
443
493

397
441
286
278

836
836
833
831

20,184
20,228
20,874
19,859

19,390
19,250
19,335
19,218

794
978
1,539
641

24,774
24863
24,806
24 559

24,717
24806
24,806
24 559

57
57

515
440
291
249

569
509
798
503

2
2
2
2

25,860
25 815
25,897
25 312

21,956
21 957
21,957
21 958

4,899
4902
4,905
4906

29,930
29,923
29,821
29,838

807
818
820
824

457
638
533
509

477
473
482
461

345
338
346
359

829
828
912
911

19,870
19,654
19,845
19,273

19,089
18,937
18,921
18,853

781
717
924
420

3
10
17
24..
31

24559
24,682
24582
24,705
24632

24559
24,682
24582
24,632
24632

267
411
265
349
147

861
543
855
569
535

2
2
2
2
1

25689
25,638
25 704
25,625
25 316

21 958
21,963
21 964
21,964
21 965

4912
4,917
4920
4,925
4935

29,885
29,870
29,769
29,632
29,707

820
820
823
810
819

528
447
51
539
722

476
487
528
517
494

402
346
191
358
363

908
907
919
919
917

19,540
19,640
20,307
19,739
19,194

18,827
18,792
19,224
18,869
18,689

713
848
1,083
870
505

7
14

24632
24,632
24632
24,632

177
171
155
217

546
599
704
533

2
1
1

28

24632
24,632
24 632
24,632

25 357
25,404
25 493
25,383

21 966
21,966
21 967
21,968

4935
4,943
4945
4,947

29,795
29,793
29,673
29,645

823
831
839
829

570
639
565
499

491
469
443
469

371
353
388
305

936
935
931
852

19,272
19,293
19,566
19,699

18,651
18,585
1 8,648
18,759

621
708
918
940

5
12
19
26

24,632
24632
24687
24737

24,632
24632
24,687
24737

140
268
177
202

501
582
662
550

25,274
25484
25,528
25490

21,969
21 970
21,971
21 972

4,951
4952
4,956
4957

29,756
29,759
29,707
29,697

837
840
841
834

617
542
418
505

601
579
533
502

328
357
390
383

849
848
880
881

19,207
19,481
19,686
19,617

18,837
18,717
18,937
18,961

370
764
749
656

24812
24,987
24910
25 139
25,037

175
177
136
609
37

593
574
797
751
567

I
1
1

30

24812
24,987
24910
25 231
25037

25 582
25,740
25 844
26593
25,642

21 923
21,924
21,925
21 926
21,927

4958
4,957
4956
4955
4959

29,934
29,873
29,803
29 735
29,922

831
825
810
812
811

448
250
459
1 220
875

520
563
543
544
545

379
201
199
339
377

877
876
997
999
988

19,474
20,032
19,914
19 825
19,011

18,898
18,906
18,993
18,828
18,412

576
1,126
921
997
599

7
14 ... .
21
28

25037
24902
24714
24517

25,037
24902
24,714
24517

84
83
93
220

614
683
654
525

1
1
1
1

25,736
25 669
25,463
25 263

21,928
21 929
21,931
21 907

4,959
4958
4,958
4959

30,154
29 981
29,854
29 776

826
810
808
812

300
557
536
548

571
771
629
549

380
400
402
398

987
985
983
911

19,406
19,052
19,141
19 136

18,420
18,340
18,366
18,377

986
712
775
759

18
25

24 325
24023
23956
23908

24 325
24,023
23 876
23,824

170
487
460

313

609
554
766
637

1
1
1
1

25 105
25,066
25 183
24,859

21 908
21,858
21 858
21,858

4959
4960
4960
4,961

29 893
29,911
29 866
29,786

808
799
812
812

677
593
646
596

525
559
548
562

428
387
427
417

907
905
928
927

18,733
18,731
18,776
18,579

17,704
17,665
17,683
17,619

1 029
1,066
1,093
960

Sept. 1
8
15
22
29

24023
24044
23,987
23 770
24045

23,894
24044
23,987
23 770
24,045

293
154
198
170
299

573
506
834
709
511

1
1
1
1
1

24,890
24705
25,020
24651
24,857

21,809
21 809
21,809
21 810
21,810

4,965
4967
4,967
4968
4,971

29,923
30 115
29,998
29 888
29,922

809
808
797
801
796

591
446
510
515
769

483
524
506
524
489

404
391
409
388
398

924
923
935
934
932

18,530
18,274
18,642
18,379
18,331

17,592
17,532
17,636
17,680
17,685

938
742
1,006
699
646

6
13
20
27

24580
24 609
24456
24 381

24,580
24 580
24,456
24 381

255
312
330
305

664
346
733
609

1
1
1
1

25,501
25 267
25,521
25 297

21,810
21,759
21 759

4,971
4973
4973
4973

30,051
30 159
30,055
29 970

799
792
803
816

625
643
601
588

556
468
434
443

427
418
374
373

951
951
949
950

18,875
18620
19,037
18888

18,198
18,202
18,288
18,248

677
418
749
640

24670
24745
24628
24553

24645
24,745
24628
24,553

519
293
299
437 !

304
542
1 005
'636

1
1

17
24

25495
25,581
25 933
25,627

21 759
21,709
21 709
21,709

4977
4978
4979
4982

30 138
30,278
30233
30,412

801
801
802
804

567
213
544 1
538

425
432
414
400

416
249
381
363

886
884
882
881

18998
19,410
19 365
18,920

18,218
18,257
18,553
18,549

780
1,153
812
371

1
8
15
22
29

24,888
24888
24,932
24888
24,951

24,888
24888
24,888
24 888 1
24,888

377
345
364
264
565

699
624
1 191 !
1 328
854

25,965
25 858
26,487
26481
26,371

21,710
21 711
21,711
21 712
21,712

4,982
4982
4,981
4982
4,984

30,504
30697
30,773
30946
30,638 1

813
818
807
808
809

742
350
333
310
465

386
358 1
405
450
577

390
380
324
319
370

879
876
975
975
975

18,944
19,073
19,562
19,367
19,233

18,452
18,472
18,611
18,699
18,639 !

25

Dec

2
9

16
23 .

30
1954
Jan.

Feb.

Mar

Apr

6
13
20
27
3
10
17
24

. . .

. . .
. . .

21
May

June

....

2
9
16

23
July

Aug

Oct.

Nov.

10
Dec.

For notes see Part A of this table.

Digitized for FRASER


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

73

92

80
84

129

29

25

44
63

j
1
1

21 810

492
601
951
668
594

I
dd

I
I

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
Treasury
currency
outstanding

U.S. Government securities


Date
Total

Bought
outright

Repurchase
agreements

5
12
19
26

24,838
24,524
23,909
23,674

24,838
24,497
23,899
23,671

27
10
3

2
9
16 . .
23

23,926
24,016
23,732
23,732

23,902
23,902
23,732
23,732

Mar 2
9
16
23
30

23,604
23,604
23,604
23,604
23,604

23,604
23,604
23,604
23,604
23,604

6
20
27

23,644
23,641
23,604
23,604

23,604
23,604
23,604
23,604

May 4
11
18
25

23,782
23,758
23,612
23,513

23,664
23,702
23,612
235513

June 1 t . *
H
15
22
29

Discounts
and
advances

Float

All
other 3

Gold
stock
Total

Currency

circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks
Foreign

Treasury

Other

Member bank reserves


Other
Federal
Reserve
accounts

Total

Required9

Excess9

1955
Jan.

358
537
298
446

1,010
678
875
607

1
1
I
1

26,207
25,739
25,082
24,728

21,712
21,713
21,714
21,714

4,984
4,984
4,985
4,985

30,434
30,196
29,959
29,752

813
821
827
834

222
457
160
396

564
503
475
434

401
387
391
220

905
904
902
901

19,566
19,170
19,066
IS, 890

18,565
18,389
18,415
18,440

1,001
781
651
450

680
335
535
392

655
522
803
544

1
1
1

25,262
24,873
25,071
24,668

21,714
21,715
21,715
21,716

4,988
4,989
4,989
4,992

29,758
29,779
29,743
29,793

834
830
830
828

503
307
495
554

419
471
428
329

455
457
419
432

898
895
958
960

19,099
18,838
18,903
18,479

18,369
18,233
18,204
18,075

730
605
699
404

385
488
369
535
691

823
621
1,028
763
552

1
1
1
1

24,813
24,714
25,002
24,904
24,848

21,716
21,717
21,717
21,718
21,719

4,995
4,995
4,995
4,995
4,997

29,776
29,816
29,801
29,719
29,738

835
827
822
833
829

589
500
185
755
851

329
392
336
351
356

486
417
246
406
437

955
953
965
964
964

18,555
18,521
19,360
18,588
18,388

18,113
18,002
18,313
18,085
17,876

442
519
1,047
503
512

40
37

707
637
569
486

645
680
793
746

14
18
19
20

25,011
24,977
24,986
24,857

21,719
21,670
21,670
21,671

4,997
4,997
4,997
4,999

29,900
29,841
29,714
29,657

817
826
818
820

443
365
503
623

351
381
408
384

445
410
422
411

979
979
978
978

18,791
18,841
18,810
18,654

18,200
18,230
18,258
18,280

591
611
552
374

lie

56

720
365
324
543

706
642
950
682

17
15
15
14

25,225
24,779
24,902
24,753

21,671
21,672
21,673
21,674

5,000
4,999
4,999
4,999

29,782
29,842
29,826
29,789

820
819
825
824

458
383
392
415

357
388
407
406

434
420
307
414

921
920
937
937

19,123
18,677
18,879
18,642

18,242
18,176
18,310
18,165

881
501
569
477

23,694
23,615
23,554
23,554
23,554

23,694
23,615 !. . . .
23,554
23,554
23,554

567
391
837
393
722

763
689
872
936 1
709

16
16
17
16
17

25,040
24,711
25,279
24,899
25,002

21,674
21,675
21,676
21,677
21,677

5,002
5,001
5,002
5,001
5,000

30,042
30,044
30,033
29,983
30,128

841
842
833
820
818

543
290
358
98
344

398
402
401
418
407

414
393
263
246
408

935
935
981
981
980

18,544
18,483
19,087
19,029
18,595

18,040
18,027
18,149
18,271
18,168

504
456
938
758
427

23,848
23,943
23,943
24,146

23,844
23,943
23,943
24,038

599
503
570
549

843
892
985
710

16
16
13
11

25,305
25,355
25,512
25,417

21,678
21,679
21,681
21,681

5,003
5,003
5,003
5,003

30,42!
30,327
30,197
30,120

818
801
802
803

468
338
564
458

382
449
439
443

451
395
415
391

970
970
969
967

18,475
1H,7S7
18,810
18,919

1H,034
18,091
18,319
18,377

441
666
491
542

Aug. 3
10
17
24
31

23,983
23,983
23,855
23,796
23,761

23,983
23,983
23,855
23,7%
23,761

947
565
632
433
470

703
575
883
643
665

12
13
18
15
15

25,645 21,682
25,135 21,683
25,387 I 21,682
24,887 21,682
24,911 21,682

5,003
5,003
5,003
5,005
5,005

30,238
30,289
30,310
30,232
30,317

805
803
806
809
804

684
499
542
5H5
393

429
459
458
410
387

400
390
396
377
383

886
884
947
946
945

18,888
18,496
18,614
18,215
18,368

18,279
18,133
18,134
18,080
18,151

609
363
480
135
217

Sept. 7
14.............
21
28
.

21 761
23,673
23,563
23,702

23,761 i
23,673
23,563 """22*
23,680

598 | 659
956
536
872 1 1,064 !
662

17
18
18
20

25,034
25,182
25,518
25,172

21,682
21,682
21,683
21,683

5,005
5,005
5,006
5,007

30,536
30,452
30,332
30,338 !

810
805
793
791

475
427
717
512

377
410
403
383

374
382
383
372

942
941
990
989

18,207
18,452
18,589
18,475

18,088
18,181
18,180
18,178

119
271
409
297

5
12
19
.....
26 ...

23,832
23,993
23,973
23,973

23,728
23,873
23,973
23,973

650
803
1,026

817
1,020
1,144
731

21
19
19
18

25,320
25,914
25,939
25,748

21,684
21,685
21,685
21,685

5,006
5,007
5,008
5,009

30,437
30,623
30,542
30,441

798
776
783
777

481
502
575
494

388
385
379
407

388
662
380
379

1,010
1,011
1,009
1,009

18,507
18,646
18,963
18,935

18,213
18,412
18,506
18,431

294
234
457
504

24,024
24,024

24,024
24,024

1,185
1,201

792
524

17
18

26,018
25,767

21,686
21,686

5,009 30,540
5,009 . 30,786

779
779

535
617

387
400

382
388

940 19,151
939 i 18,554

18,443
18,306

708
248

Feb

Apr

Julyy

136

20
27

Oct.

:.::;:

Nov. 2
9

Digitized for FRASER


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

24
114

108*

104
120

16
23
30

23987
23 888
24256

23987
23 888
23 991

265

Dec. 7
14
21
28

24373
24562
24638
24807

24077
24,407
24 356
24391

296
155
282
416

1956
Jan. 4
11
18.,.,...
25

24663
24 178
23 690
23 507

24391
24 141
23 690
23 507

272
37

Feb. 1
8
15
22..
29

23469
23444
23 346
23 366
23 482

23469
23444
23 346
23 338
23 426

Mar. 7
14. .. .
21
28

23 517
23 483
23405
23 603

23426
23410
23405
23 587

25

23 608
23 430
23 359
23 252

23 587
23430
23 359
23 252

May 2
9
16
23
30

23 382
23 272
23 296
23 200
23 395

548
796
618
978
564
70
509

1 288
1 056
*883

17
18
18

25 840
25 757
25776

21,686
21 687
21 688

5 008
5 008

s'oos

30743
30 945
30*993

783
777
778

635
479
477

383
404
408

396
380
412

936
935
931

18,658
18 533
18,474

18445
18423
18417

213
110
57

791
1 193
1 893
1 407

18
19
20
29

26 160
26 338
27221
26752

21 689
21,689
21 690
21,690

5008
5007
5 008
5 008

31
31
31
31

147
277
406
357

793
779
776
778

469
425
539
522

441
434
479
468

427
323
320
425

931
988
1,010
1,011

18,647
18,809
19,389
18,890

18424
18,543
18 863
18,776

223
266
526
114

398
806
824
847

1 541
1 016
1 093
786

25
23
21
20

26626
26023
25 628
25 161

21 690
21*691
21 692
21 693

5008
5008
5 008
5 009

31 061
30748
30480
30225

783
790
788
799

265
350
289
461

451
458
374
396

424
319
311
347

923
922
919
919

19418
19,135
19 166
18,715

18907
18 637
18 527
18415

511
498
639
300

934
827
987
634
632

796
597
945

25217
24 885
25 293
25 309
24920

21
21
21
21
21

5010 30 196
5 009 30205
5 010 30224
5 012 30 206
5 012 30*163

798
802
804
795
789

398
305
440
561
554

360
369
379
365
363

354
315
319
675
305

918
917
1026
1 025
1 025

18,895
18 675
18,805
18 389
18428

18 321
18 207
18 159
18 116
18 162

574
468
646
273
266

693
693
694
695
695

791

19
17
16
16
15

650
702
1 059
706

808
924
1 278
793

16
16
15
15

24992
25 125
25 758
25 117

21 696
21 721
21 715
21 715

5011
5 012
5 015
5 015

30223
30 247
30247
30 238

780
788
794
787

452
561
995
512

356
340
325
343

347
351
325
316

1,022
1 020
1 068
1 070

18,518
18 552
18732
18 582

18 139
18 267
18 621
18 445

379
285
111
137

21

644
995
803
857

866
772
982
757

16
16
16
15

25 135
25 212
25 160
24881

21 716
21 741
21 741
21 742

5 016
5 018
5 018
5 021

30 279
30273
30 209
30077

788
787
787
784

503
518
444
571

327
313
356
337

302
307
309
313

1
1
1
1

082
082
081
074

18 586
18 690
18 735
18487

18
18
18
18

377
294
370
318

209
396
365
169

23 252
23,252
23 225
23,200
23 360

130
20
71

901
1 003
656
715
573

876
778
1 015
876
856

15
15
15
16
17

25 173
25 068
24983
24807
24841

21 743
21,768
21 769
21,771
21 771

5025
5025
5 027
5 029
5 032

30209
30317
30322
30244
30437

795
792
786
788
788

585
498
564
636
434"

335
336
338
312
296

375
322
312
310
492

983
979
979
983
983

18,661
18,617
18477
18,334
18 215

18 422
18,250
18 281
18 253
18 206

239
367
196
81
9

23 512
23 492
23 492
23,522

23 492
23*492
23 492
23,492

20

494
696
752
537

939
1 030
1 454
1 127

17
17
16
17

24962
25 235
25 713
25 203

21 796
21 797
21 798
21,799

5032
5 033
5033
5 032

30502
30 527
30481
30530

789
782
776
785

317
344
326
293

297
283
283
290

982
981
1 000
1,001

18,469
18 789
18,933
18,560

18 236
18 274
18 556
18,404

233
515
377
156

23 863
23 651
23484
23,367

23 839
23 649
23 484
23,367

24
2

570
653
452
461

1
1
1
1

293
150
475
081

18
18
18
18

25745
25 471
25 429
24927

21 824
21 827
21 828
21,829

5 031
5031
5 031
5 034

30879
30850
30704
30533

773
762
774
779

435
360
746
576
449
494
477
591

291
326
289
262

287
285
274
261

990
988
986
1 049

18 930
18,623
18784
18,315

18 382
18268
18 276
18 161

548
355
508
154

81 ::;.. 23418
23,418
23,565

23 544
23 696

23,418
23,418
23,418
23 544
23,696

422
717
832
806
470

961
679
954
940
706

18
18
18
18
20

24819
24,832
25 369
25 308
24892

21,829
21,855
21,856
21 857
21 857

5 034
5035
5036
5 040
5 042

30 571
30,647
30654
30 611
30 630

773
773
783
782
781

505
561
552
554
490

295
277
289
304
362

267
273
277
252
264

950
948
946
944
944

18,322
18,243
18,762
18 759
18,320

18089
18,002
18055
18462
18,364

233
241
707
297
-44

Sept. 5
12
19. .
26..."

23,863
23 829
23 586
23 593

23,828
23 829
23 586
23 553

688
604
413
573

852
1 063
1 471
1*060

20
19
18
18

25423
25 515
25 488
25 243

21
21
21
21

883
883
884
884

5041
5042
5 043
5*046

30894
30847
30 745
30661

778
781
777
780

409
554
326
583

444
376
355
331

240
243
220
212

942
940
955
951

18,641
18 700
19037
18 656

18,361
18425
18 572
18466

280
275
465
190

Oct. 3
10
17
24
31

23 735
23,865
23 860
23,683
23 767

23 653
23,833
23 860
23,683
23 688

79

975
579
452
838
538

973
860
1 315
1 127
910

19
20
20
19
21

25 702
25325
25 646
25668
25 236

21 884
21,910
21 909
21,909
21 910

5045
5 046
5 047
5049
5 054

30786
30932
30882
30771
30839

777
776
783
785
778

547
425
423
606
495

378
303
341
277
275

198
297
293
298
297

957
958
957
956
848

18989
18,588
18 924
18,933
18 668

18443
18,305
18448
18,497
18459

546
283
476
436
209

Nov. 7
14
21
28

23 857
23 945
24 143
24284

23 798
23,904
24068
24220

59
41
75
64

1 087
375
595
359

577
1 078
1 523
1 280

27
28
26
28

25 548
25427
26287
25951

21 909
21 910
21 910
21,910

5 055 31
5 055 31
5 055 31
5056 31

042
196
380
347

778
775
769
774

400
415
392
479

290
342
300
373

287
305
279
167

846
844
842
842

18 871
18,515
19290
18,934

18 378
18,403
18 792
18,819

493
112
498
115

Dec. 5
12
19
26

24,454
24669
24,909
24940

24,365
24515
24,568
24610

89
154
341
330

570
559
772
650

1,096
1 251
2 147
1 518

37
48
55
63

26 156
26 526
27,883
27 171

22,010
21 909
21,931
21 949

5 061
5 062
5065
5066

31 522
31 718
31 890
32018

780
779
787
766

338
314
770
533

310
422
405
382

279
183
167
321

999
1 001
1,024
1 025

18,999
19081
19,836
19 140

18691
18 767
19 195
19014

308
314
641
126

Anr

n::::;:::'":'
18..

13...
20
27
July

4
11::::::::"'::
18
25

Aug.

15
22
29

For notes see Part A of this table.

Digitized for FRASER


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

28
56
91
73
16

35

30

147

35
40
82
32

1 292

I
s
w

B
W

z
d
#

I
d

B
00

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Date

Discounts
and
advances

Float

All
other 3

Total

Gold
stock

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Excess &

900
899
896
893
893

19,386
19,233
19,290
19,072
18,889

19,164
18,848
18,789
18,647
18,554

222
385
501
425
335

239
242
197
198

1,008
1,007
1,133
1,134

19,189
18,505
19,034
18,615

18,413
18,227
18,337
18,242

776
278
697
373

zo

320
292
300
345

210
205
188
299

I,t30
1,I2H
1,140
1,139

18,545
18,533
18,844
18,350

18,183
18,313
18,569
18,314

362
220
275
36

360
376
384
328

249
334
360
388

298
308
300
293

1,205
19,195
1,204 i 18,922
1,202
18,915
18,872
1,201

18,643
18,505
18,685
18,632

552
417
230
240

803
792
795
796
797

599
366
366
518
487

311
353
343
353
364

293
234
242
2H3
283

1,078
1,077
1,074
1,073
1,072

19,123
18,779
18,769
18,494
18,685

18,641
18,438
18,367
18,274
18,403

482
341
402
220
282

30,850
30,881
30,837
30,890

796
791
784
770

380
424
602
456

360
395
370
410

269
272
283
272

1,071
1,068
1,087
1,087

18,536
19,031
19,052
18,628

18,381
18,412
18,692
18,549

155
619
360
79

22,623
22,624
22,625
22,626
22,627

5,108 31,338
31,235
5,108
5,108 i 31,071
30,903
5,109
30,933
5,111

768
767
778
779
759

552
408
527
469
504

414
345
454 j
383
364

264
279
267
277
296

,077
,074
,073
,067
942

19,020
18,868
18,947
18,759
18,630

18,484 1
18,711
18,682
18,536
18,520

536
157
265
223
110

24,673
24,595
24,791
24,935

22,627
22,625
22,626
22,626

5,113
5,115
5,117
5,119

31,017
31,058
31,001
31,007

772
765
764
768

341
409
480
484

367
385 i
342
352 1

271
274
257
274

,114
18,531
,112 i 18,333
,201 1 18,487
,202 1 18,594

18,270
18,196
18,259
18,391

261
137
228
203

25
24
21
18

24,724
25,054
25,676
24,936

22,626
22,627
22,628
22,628

5,118
5,121
5,122
5,126

31,231
31,210
31,100
30,977

766
757
761
780

501
490
639
605

344
355
361
370

272
261
253
249

18,162
,194
18,537
,193
,202 1 19,110
18,594
,114

18,369
18,398
18,607
18,372

-207
139
503
222

963
885
1,293
1,115
863

17
17
17
16
16

25,115
25,047
25,211
25,006
24,902

22,645
22,655
22,665
22,668
22,678

5,126
5,127
5,130
5,131
5,134

31,056
31,145
31,156
31,033
31,020

774
786
781
786
792

448
504
543
484
458

367
337
326
302
391

260
253
261
258
231

,111
,111
1,110
1,108
1,056

18,870
18,692
18,828
18,833
18,766

18,788
18,572
18,623
18,496
18,524

82
120
205
337
242

651
950

17
18

24,927
24,824

22,710
22,735

5,136 31,181
5,136 , 31,334

800
800

418
482

353
323

250
337

1,056
1,055

18,714
18,364

18,446
18,361

268
3

24,610
24,569
24,142
23,571
23,428

209

30

24,819
24,569
24,142
23,571
23,428

370
346
264
358
678

1,497
1,189
1,373
1,319
931

59
40
34
"31
31

26,745
26,144
25,812
25,278
25,068

21,949
21,950
21,950
21,951
22,251

5,066
5,066
5,066
5,067
5,069

31,700
31,270
30,942
30,684'
30,567

785
786
797
810
816

377
363
286
259
614

291
327
326
318
348

322
282
291
259
261

6
13
20
27

23,447
23,208
22,884
22,854

23,363
23,134
22,884
22,854

84
74

839
520
844
451

913
717
1,066
1,177

30
30
28
26

25,229
24,474
24,822
24,508

22,252
22,252
22,303
22,303

5,070
5,070
5,072
5,076

30,584
30,632
30,571
30,516

829
828
815
822

314
281
151
300

386
304
295
301

Mar. 6
13
20
27

22,901
23,069
23,198
23,066

22,901
23,032
23,116
23,040

37
82
26

797
639
893
617

895
877
1,050
807

24
24
24
23

24,616
24,608
25,165
24,513

22,304
22,304
22,305
22,305

5,077
5,079
5,081
5,085

30,568
30,567
30,516
30,469

818 ;
815
818

an

406
451
745
490

Apr, 3

!5:::::::::::::

23,268
23,222
23,239
23,169

23,040
23,040
23,169
23,169

228
182
70

1,121
1,227
809
674

911
723
1,127
1,073

24
28
26
26

25,324
25,201
25,201
24,942

22,306
22,311
22,317
22,318

5,087
5,088
5,089
5,093

30,592
30,633
30,650
30,471

818
823
797
799

May

1
8
15
22
29

23,169
23,180
23,008
22,895
23,013

23,169
23,121
23,008
22,895
22,950

1,095
804
691
669
964

1,015
781
1,085
1,090
784

25
24
22
20
21

25,305
24,790
24,807
24,675
24,783

22,318
22,319
22,320
22,320
22,620

' 5,094
5,096
5,096
5,101
5,103

30,510
30,604
30,634
30,580
30,818

12
19
26

23,108
22,889
22,871
22,911

22,950
22,889
22,871
22,911

158

538
1,291
1,044
824

869
934
1,353
1,029

22
20
20
21

24,536
25,134
25.287
24,785

22,620
22,621
22,622
22,622

5,106
5,106
5,106
5,106

3
10

17
24
31

23,404
23,330
23,374
23,461
23,355

23,168
23,289
23,307
23,185
23,079

236
41
67
276
276

1,106
908
644
406
420

1,168
981
1,341
1,016
896

24
24
24
22
20

25,702
25,243
25,382
24,904
24,691

7
14
21
28

23,076
23,050
23,034
23,348

23,076
23,050
23,034
23,312

808
546
709
792

768
979
1,028
772

20
20
20
23

Sept, 4
11
18
25

23,423
23,357
23,248
23,152

23,^23
23,357
23,248
23,152

433
720
1,023
782

843
952
1,384
985

23,461
23,461
23,312
23,228
23,235

23,312
23,312
23,259
23,228
23,174

149
149
53
61

674
684
589
646
787

23,570
23,405

23,332
23,332

238
73

689
450

Feb

july

Aug

Get

Nov

2
9
16
23
30
6
13

Treasury

1957

23. . . .:.

....
........ .
........

....

Digitized for FRASER


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

59
63

36"

Required 9

Bought
outright

2
9
16

Member bank reserves

Other
Federal
Reserve
accounts

Total

Foreign

Total

Jan.

Repurchase
agreements

Treasury
currency
outstanding

Other

:;

1
CO

20
Dec.

23 235
23,576

23 235
23*352

1 054

1 336

27

224

607

935

4
11
18
25
31io

23,778
23,872
23,863
24,020
24,238

23 555
23,600
23 600
23,635
23719

223
272
263
385
519

498
972
731
794
55

1,923
1,520
1,424

29

23 745
23,708
23 333
23,360

23 635
23 557
23 257
23 357

110
151
76
3

707
285
392
253

5
12 . .
19
26

23 411
23 464
23 356
23,409

23 307
23 299
23 356
23,409

104
165

153
237
135
184

5 ...
12

23 331
23,536
23 437
23,525

23
23
23
23

316
459
437
525

15
77

23,628
23 628
23,796
23 704
23,681

23
23
23
23
23

628
628
704
704
681

23 852
23 937
23,943
24065

1,019

961

22 761
22 762

5 138
5,141

31 315
31,628

804
784

541
430

304
283

25,836

22,763
22,770

22 770 j

26,394
25,784

22,770
22,781

5,141
5,142
5 144
5,145
5,146

31,716
31,878
32,002
32,131
31,834

773
770
776
759
761

244
333
488
346
481

308
330

26 559

55
45
53
43

25 551
25 127

22 781

5 146
5 148
5 150
5 151

31 375
31,019
30730
30,543

766
782
788
785

24409

5 158
5 160
5 163
5 166

30582
30 674
30 571
30,495

24273

22 686

24 530

22612

24531

22 513

5 169
5 175
5 179
5 182

18
21
26
31
42
60
66

25 643
25' 139
25 321

392
178

1,054
1,000

19,133
18,739

18471
18492

662
247

386
356

182
182
175
180
246

1,095
1,041
1,063
1,062

18 667
18,737
19,106
18,937
19,134

240
477
519
507

998

18,907
19,214
19,625
19,444
19,034

-100

474
525
454
511

342
279
294
257

171
187
204
267

994
992
992
991

19 355
19,273
19 336
18,977

18
18
18
18

893
722
610
479

462
551
726
498

780
686
702
700

207
350
453
406

284
297
291
274

321
597
282
298

1 119
1 118
1 208
1,154

19058
18 888
19,182
18,880

18 558
18 451
18 530
18,446

500
437
652
434

30 580
30594
30521
30,523

710
734
821
730

386
446
100
623

286
281
243
256

309
303
411
393

1 149
1 147
1 154

1 HO

18 708
18,812
18 972
18 426

18
18
18
18

071
196
547
006

637
616
4?5
420

30,676
30704
30,668
30512
30,565

732
735
727
731
734

603
482
394
462
594

279
253
259
227
257

383
407
384
395
411

1
1
1
1
1

107
105
102
101
050

18,366
18 298
18,870
18 555
18,254

17 669
17 690
18 220

21 996

5 185
5 191
5 192
5 194
5 196

17 686

697
608
650
544
568

947
873
743
643

5 198
5 200
5 200
5 201

30,719
30 807
30,755
30962

742
747
724
715

359
427
435
382

288
308
311
111

373
400
386
400

1 048
1 045
1 044

995

18,322
18 180
18,133
18036

17
17
17
17

635
526
527
543

687
654
606
493

5,201
5 204
5 204
5 204

30,988
31,048
30996
30,973

716
708
703
700

416
356
334
524

272
259
289
268

365
377
182
385

1,140
1,138
1 158
1 110

18,184
18,478
18 964
18,568

17,654
17,796
18 279
18,264

530
682
685
304

344

1958
Jan

8
15

22
Feb.

Mar

721

43
43
39
40

24 386

22494

112
139
296
242
156

786
692
910
761
797

40
40
40
38
38

24566
24499

22 394
22 295
22 170

24745
24672

22046

23 852
23 937
23943
24065

125
116
86
172

691
749
775
644

39
40
40
41

24706
24841
24922

21
21
21
21

24,267
24,517
24786
25,000

24,267
24509
24664
24956

142
173
154
128

836
833
984
796

42.
43
44
44

25,286

21,594

25 565
25 967

21 594
21 456

25,967

21,356

25,458
25 440
25 315
25 223
24916

80
129
113
74
126

888
844

21,306

I 052

858
737

44
43
41
39
35

26,470
26455

30

25,458
25 440
25 315
25,223
24916

6 ...
13
20 . .
27

25 358
25,519
25 313
25,217

25 358
25,519
25 313
25,217

266
182
240
189

684
765
875
676

33
33
32
31

25,386
25,081
24,915
24,860

25,386
25,081
24,915
24,860

185
464
207
337

813
842

26415
26,417

949

31
30
29
28

1.
8
15..
22
29

25047
25,222
25 507
25,225
25,373

25047
25,222
25 379
25,225
25,373

904
793
1 061
L019
776

29
33
33
32
34

26 180

128

199
383
245
759
378

5. .
12

25423
25,443
25401
25662

1 049

441
657
1 271
980

36
34
34
35

26498

2
47
133

502
375
560

26

25 519
25,445
25448
25,795

3
10
17
24
31

26,133
26,255
26,272
26,307
26,347

26,120
26,247
26 194
26,197
26252

13
8
78
110
95

329
455
568
830
64

1,035
994
1,797
1,643
1,296

36
37
38
45
49

...

23
30

14
21

28
11

18
25

2
9;::::".,. .

16
23

Sept. 3
10
17
24
Oct

Nov

19.
Dec.

22 784
22 784
22 785

792
724
824
704

26

Aug

805
923

22782
22782
22783

107
227
231
118

Apr. 2
9
16

July

741

24866
24397

40
40
42
42

19

May

1 044
1,089
1 088

For notes see Part A of this table.

Digitized for FRASER


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

92

8
122
44

96

1 208

1,191

24 665
24741
24,356

25 042

24 844

26 521
26 193
25 814
26 341
26500
26460

26 114

26 342
26,174
26,431

26 845
27,035
26,561

26 512
27 312
27 858
27,532
27,740

28 675
28,825
27755

22,685

18011

21
21
21
21

307
283
259
209

5,202
5 202
5 202
5 205
5 207

31,358
31,378
31 280
31,108
31 099

675
690
693
698
699

468
643
418
512
561

256
264
358
295
287

387
380
353
319
333

1,097
1 096
1 093
1 089
1 040

18,737
18 513
18 811
18 634
18 211

18,232
18 031
17 978
17 886
17 809

505
482
833
748
402

21
21
21
21

160
146
086
086

5 209
5,210
5 210
5 211

31 220
31,270
31 248
31,246

702
701
689
692

461
483
448
475

287
327
253
256

325
322
309
320

1
1
1
1

166
165
232
184

18 549
18 587
18 578
18240

17 721
18073
18 007
17 945

828
514
571
295

21 Oil
21,012
20899
20,874

5,212
5,215
5,216
5,219

31,436
31,409
31,335
31,176

697
700
694
686

518
512
192
490

314
382
356
314

331
319
270
338

1 153
1,151
1 162
1,161

18,188
18,171
18,447
18,101

17 911
17,903
17992
17,749

277
268
455
352

20823
20,825
20775
20,690
20,690

5 219
5,220
5 220
5,221
5,222

31 243
31,409
31 486
31,333
31,293

691
693
683
684
684

441
353
340
525
542

275
325
324
297
280

398
349
339
317
326

1 120
1 120
1 119
1 116
1,079

18054
18,226
18 550
18,675
18,267

17 840
17729
18 000
18 038
18,010

214
497
550
637
257

20665
20676
20 658
20609

5 222
5,224
5 225
5,225

31 514
31,751
31 714
32,015

687
688
689
684

194
496
391
476

299
288
317
215

332
320
351
336

1 077

18 281
17792
18 659
18,929

18
17
17
18

000
875
986
270

281
-83
673
659

20609
20,593
20574
20,520
20534

5,229
5,229
5,229
5,231
5,234

32,112
32,303
32,416
32,601
32,193

698
698
683
693
683

469
437
503
485
358

233
230
252
237
272

344
327
336
312
391

18,323
18,376
19,117
19,078
18,504

18 255
18,196
18 559
18,504
18 574

68
180
558
574
-70

076
074
035
191
,191

171
,171

122

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS Continued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding
U.S. Government securities
Date
Repurchase
agreements

Discounts
and
advances

Float 2

All
other 3

Total

Gold
stock

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than


member bank reserves,
with F. R. Banks

Total

Bought
outright

26,041
25,901
25,532
25,438

26,004
25,815
25,532
25,438

37
86

782
523
424
495

1,122
939
1,238
806

44
45
40
37

27,989
27,408
27,235
26,776

20,534
20,515
20,515
20,516

5,234
5,234
5,234
5,235

31,843
31,524
31,237
31,056

702
709
714
718-

567
425
345
487

Treasury

Member bank reserves

Other 2

Other
Federal
Reserve
accounts

275
304
333
320

333
360
348
340

,121
,121
,117
,117

18,915
18,713
18,889
18,489

18,915
18,713
18,889
18,489

18,486
18,298
18,196
18,414

429
415
693
75

5
Jzi
5

Foreign

--y
With
F. R.
Banks

Currency
and
coin5

Total

Required 9 cess9

2
M

1959

Jan

7
H
21
28

Feb.

4
11 ,
18
25..

25,662
25,558
25,475
25,342

25,599
25,543
25,470
25,338

63
15
5
4

408
356
481
561

916
876
1,070
778

37
37
41
37

27,024
26,827
27,067
26,718

20,476
20,476
20,475
20,474

5,236
5,238
5,238
5,239

31,100
31,241
31,116
31,102

728
741
740
720

422
427
396
455

287
307
328
323

352
330
352
342

,185
,184
,255
,255

18,662
18,311
18,593
18,233

18,662
18,311
18,593
18,233

18,335
18,206
18,127
17,944

327
105
466
289

>
2
M
W

Mar. 4
U
18
25 .

25,322
25,354
25,497
25,474

25,289
25,339
25,419
25,452

33
15
78
22

535
506
986
589

897
712
993
746

35
35
33
32

26,789
26,607
27,509
26,841

20,479
20,443
20,442
20,442

5,241
5,243
5,245
5,246

31,128
31,230
31,241
31,173

720
722
730
714

659
390
423
517

290
304
269
340

346
342
345
372

,212
,212
,218
,219

18,153
18,093
18,970
18,194

18,153
18,093
18S970
18,194

17,918
17,978
18,185
17,920

235
115
785
274

2
E3
P
>

Apr.

25,478
25,493 *"*233'
25,588
213
25,563
:
25,623

357
775
918
1,014
534

853
730
823
778
801

30
30
29
29
29

26,719
27,262
27,571
27,384
26,987

20,442
20,441
20,431
20,331
20,330 1

5,247
5,252
5,253
5,255
5,257

31,211
31,311
31,355
31,246
31,276

715
713
708
710
710

534
397
499
496
466

297
288
257
247 !
274

380
344
343
333
335

,179
,180
,180
,178
,136

18,092
18,722
18,913
18,760
18,378

18,092
18,722
18,913
18,760
18,378

17,872
18,289
18,321
18,245
18,202

220

29

25,478
25,726
25,801
25,563
25,623

433
592
515
176

S
EJ
O
..
J^

May

6
13..
20
27, 0 3 ,

25,940
26,085
25,905
25,905

25,829
25,977
25,905
25,905

863
652
376
554

763
764
933
721

29
29
28
27

27,595
27,530
27,242
27,206

20,255 j
20,244
20,188
20,188

5,260
5,263
5,267
5,269

31,414
31,482
31,454
31,511

723
717
709
706

542
504
468
525

263
255
296
289

391
387
385
353

,137
,139
,262
,219

18,640
18,553
18,123
18,062

18,640
18,553
18,123
18,062

18,188
18,296
18,200
18,063

452
257
-77

H
S
C/3

June

3.
10.....
17
24

25,905
25,944
25,944
25,919

25,905
25,944
25,944
25,919

731
906
1,131
909

811
700
1,241

26
26
26
25

27,473
27,576
28,344
27,765

20,188
20,137
20,135 j
19,771

5,272
5,279
5,280
5,281

31,687
31,832
31,830
31,746

710
717
717
412

474
414
378
532

354
258
278
337

391
352
450

364

,218
,217
,237
,237

18,099
18,201
18,869
18,188

18,099
18,201
18,869
18,188

18,033
17,914
18,298
18,053

66
287
571
135

July

1...

26,118
26,344
26,418
26,497
26,459

26,099
26,255
26,383
26,408
26,408

19
89
35
89
51

603
1,032
780
702
631

880

824
1,009
1,069
745

25
25
25
25
25

27,627
28,225
28,234
28,294
27,B60

19,704
19,705
19,681
19,637
19,636

5,283
5,283
5,283
5,283
5,2H4

31,971
32,183
32,097
31,935
31,849

409
415 I
421
409 i
402

567
461
422
451
630

262
240
264
281

386
351
335
339
337

,181
,182
,183
,182
,137

17,812
18,358
18,500
18,635
18,145

17,812
18,358
18,500
18,635
18,145

18,151
17,962
18,233
18,436
18,332

-339
396
267
199
-187

5
i!::::::::::::
19

26. . . . . . . . . . . .

26,553
26,598
26,536
26,519

26,517
26,597
26,493
26,519

36
1
43

631
591
524
557

713
741
968
761

25
22
21
21

27,922
27,953
28,049
27,858

19,626 1 5,281
19,600 i 5,282
5,282
19,600
5,283
19,600

31,987
32,048
31,991
31,887

405
401
397
395

387
514
517
534

277
275
259
284

334
368
345
342

1,201
1,203
1,306
1,258

18,236
18,026
18,117 ......
18,041

18,236
18,026
18,117
18,041

18,217
18,043
18,108
18,158

19
= 17
9
-117

Sept. 2... . . . . . . . . .
9.. . ......
16
23.. . . . . . . . . . .
30............

26,689
26,675
26,798
26 623
26,563

26,651
26,643
26,643
26 623
26,563

38
32
155

617
463
429
746
330

765
773
1,294
1,107
951

21
20
20
20
20

28,092
27,931
28,541
28,496
27,1165

19,525
19,522
19,522
19,495
19,491

5,273
5,274
5.274
5,286
5,2^

31,962
32,238
32,074
31,849
31,848

404
395
394
391
377

541
370
346
905
704

273
308
316
310 !
312 ;

345
374
383
423

448

1,257
1,256
1,265
1,263
1,196

18,107
17,787
18,560
18,135
17,760

18,107
17,787
18,560
18,135
17,760

18,209
18,070
18,341
18,215
18,175

-102
-283
219
= 80
-415

7
.....
14.. . . . . . . . . . .

26,563
26,563
26,364
26,364

50
35

28............

26,613
26,598
26,364
26,364

632
456
870
937

795
994
1,178
835

20
20
21
23

28,060
28,069
28,432
28,158

19,490
19,489
19,487
19,486

5,289
5,290
5.295
5,297

32,006
32,093
31,917
31,833

391
394
393
402

453
437
503
536

342
377
292
314

401
401
342
328

1,194
1,195
1,191
1,126

18,051
17,950
18,577
18,403

18,051
17,950
18,577
18,403

18,132
18,009
18,211
18,251

-81
-59
366
152

4. . . . . . . . .
II

26,iOS
26,778

26,553
26,602

255
176

645
509

657
1.314

25
26

28,135
28.626

19,585
19.5S5

5,301
5.301

31,971
32.200

413
406

453
492

308
320

335
917

1,126
1.127

18,415
18.050

18,415
18.050

18,342
18,124

73
-74

S3
a(

iS:::::::::'"

22

15
22
29
Auc

Get

Nov

Digitized for FRASER


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

111
108

683
641

1 433
1,022

26
35

28 715
28,420

19 583
19,582

5 303
5,305

32 198
32421

416
409

574
435

322
336

355
327

1 304
1 238

18432
18*140

621
580
532
470
371

995
824
1,471
1 725
1 509

37
41
73
81
75

28,726
28 648
29,241
29 147
28 733

19565
19 504
19477
19467
19*456

5,309
5 310
5,311
5 313
5 314

32481
32721
32 812
33 021
32 694

409
411
394
385
409

601
427
560
510
518

318
340
370
392
383

343
347
321
334
343

1
1
1
1
1

242
244
194
199
196

18 206
17 971
18*379
18086
17 960

24
55

1,285
499
773
452

1 475
1,180
1 214
*895

66
44
42
41

29456
27 942
27 540
26824

19 456
19*455
19455
19454

5 314
5 315
5 317
5 317

32402
32070
31 764
31 538

410
416
418
433

650
493
470
611

34
34
66

803
626
743
433

811
832
1 041
926

40
39
38
36

27 103
26871
27 187
26572

19444
19433
19432
19 421

5 319
5 321
5 323
5 326

31
31
31
31

545
627
548
536

434
448
456
450

472
420
464
544

346
334
328
340
342
337
338
310

840
839
836
835

25,415
25 340
25,300
25 178

335
291
215
228
219
215
212

25 218
25,225
25 480
25,107
25 266

25 184
25 225
25 360
25 107
25 264

34

120

674
745
385
362
835

869
815
1 175
911
823

35
32
32
32
32

26796
26 818
27072
26412
26956

19 420
19409
19409
19409
19408

5 330
5 333
5 336
5 339
5 340

31 520
31 662
31 689
31 569
31*558

437
441
460
450
436

451
564
251
467
511

231
200
201
206
223

25 321
25,454
25 470
25490

25 264
25,329
25403
25458

57
125
67
32

770
504
400
545

825
933
1 107
936

32
32
30
30

26949
26922
27008
27 001

19
19
19
19

397
386
385
360

5 341
5 343
5 345
5 347

31
31
31
31

731
838
685
515

419
426
421
418

417
273
519
596

165
237
206
170

25888
25,805
25,713
25,718

25 598
25,623
25 655
25,718

290
182
58

572
768
266
375

877
819
1,137
850

30
30
29
29

27 367
27,422
27 146
26,972

19 360
19,359
19 358
19,352

5 348
5,348
5 349
5 350

31
31
31
31

629
741
707
660

423
412
414
414

478
505
594
504

June 1 .
8
15.,
22
29..

26037
26,162
26 155
25,983
26219

26037
26,162
26 155
25,983
26219

321
556
352
739
267

854
860
1 308
1,061
868

29
29
29
28
28

27 240
27 607
27 845
27 811
27 383

19 352
19*351
19 351
19 339
19 322

5 349
5 353
5 354
5 355
5 356

31 905
31*947
31 937
31 852
31 950

430
416
421
408
405

460
479
535
578
495

July

20
27

6
13"::::::::::

26640
26,514
26514
26684

26 536
26,478
26,394
26662

104
36
120
22

531
453
981
281

1,014
1,043
1,183
854

28 213
28,038
28 705
27 846

19 322
19,253
19 234
19 164

5 356
5 357
5 357
5 355

32 358
32 253
32 105
31 973

408
406
415
404

325
475
621
500

3..
10
17..
24
31.

27074
26944
27084
26763
26762

26770
26808
26833
26697
26640

304
136
251
66
122

743
728
1 026
734
707

28 133
27 916
28 636
27 770
27 907

19 144
19082
19 032
19026
19 005

5 357
5 362
5*364
5 366
5*368

32 062
32 141
32 138
31 982
32 027

413
409
410
402
388

26723
26577
26 382
26780

26640
26577
26 382
26 673

83

287
214
476
238
405
177
137
90
617

28
28
27
28
29
30
49
35
33
32
32
32
33

27 768
27^72
27 757
28 417

18 990
18 939
18 758
18*697

5 374
5*375
5 375
5 375

32 310
32*220
32 061
31 972

5
12
19
26 .

27,050
27270
26775
26952

26900
27248
26775
26 657

295

137
143
87
950

1,013
878
1,391
1 026

28 241
28 332
28 290
28 966

18 632
18 614
18 581
18 473

5 377
5 381
5*382
5 387

Nov 2 .
9
16
23
30

27 641
28 089
27,911
27717
27,488

27046
27 576
27,605
27683
27,486

595
513
306
34
2

423
187
176
323
101

1 005
503
1,288
1 114
1,095

41
40
37
38
43
52
57
51
48

29 112
28 830
29432
29 205
28 731

18 334
18 116
18 006
17986
17910

Dec. 7
14
21
28

27,395
27 353
27,060
27225

27,395
27 353
26,925
26948

135
277

81
91
80
78

874
1 802
2,349
1 616

48
48
53
65

28399
29293
29 543
28 984

18 177
17973
17925
17 837

18
25

26,574
26,722

26,574
26,694

Dec. 2
9
16
23
30

27,072
27,202
27,164
26872
26778

27,044
27,153
27,141
26 872
26748

28
49
23

26631
26,220
25 511
25,436

26607
26,165
25 511
25,436

25,449
25 374
25,366
25 178

Mar. 2
9
16 ...
23
30..
Aor. 6. ...

28

30

18432
18 140

18 236
18091

196
49

191
268
337
337
337

18 397
18 239
18 716
18 423
18 297

18 149
18 259
18 657
18*613
18 557

248
20
59
190
260

19 243
18 269
18 279
17 610

310
316
315
315

19 553
18 585
18 594
17925

18 548
18 509
18 279
18 056

1 005
76
315
131

832
833
1 008
1 008

18 021
17 744
17*916
17262

285
219
276
268

18 306
17 963
18 192
17 530

18040
17 740
17 765
17 638

266
223
427
108

293
307
291
306
316
352
344
247
299

1 004
1 006
945
943
945

17 611
17 381
17 981
17'218
17716

305
210
260
255
294

17 916
17 591
ig 241
17 473
18 010

17 676
17469
17*841
17 662
17 520

240
122
400
189
490

942
852
862
856

17 661
17 681
17 797
17 853

17 879
17 917
18 065
18 162

17 443
17 510
18 010
17 899

170
172
235
217
214
207
184
275
289

303
335
303
292

854
853
1 034
1 033

18 217
18 112
17 566
17 554

218
236
268
309
275
225
274
300

18492
18 337
17 840
17 854

17 949
17 758
17 765
17 691

436
407
55
263
543
579
75
163

360
348
375
397
423

I 031
1*033
*970
968
971

17 541
17 880
18*128
18*026
17 528

315
255
298
287
335

17 856
18 135
18 426
18 313
17 863

17 729
17 680
17 829
18 037
17 872

127
455
597
276
9

367
373
364
362

957
879
884
883

18 209
18 082
18 705
18 040

241
308
340
333

18 450
18 390
19 045
18 373

17 859
17 785
18 189
18 082

591
605
856
291

378
431
547
519
481

267
179
203
204
230
177
192
228
204

358
373
362
383
432

885
881
1 016
1 014
1 013

18 308
17 948
18 365
17 636
17 735

320
246
321
329
695

18 628
18 194
18 686
17 965
18 430

18 171
17 972
18 022
17 875
17 844

457
222
664
90
586

402
401
404
404

518
431
575
554

195
224
198
184

376
371
378
382

1 009
929
935
936

17 322
17 709
17 341
18 058

751
906
904
938

18 073
18 615
18 245
18 996

17 680
17 844
18 165
18 088

393
771
80
908

32 131
32 334
32 196
32 037

411
411
413
408

376
454
499
519

194
190
239
269

387
389
377
375

934
909
862
864

17 817
17 639
17 668
18 354

837
800
930
939

18
18
18
19

654
439
598
293

18 104
17 901
18 046
18*283

550
538
552
1 010

5 388
5 391
5 391
5 392
5 393

32 124
32 502
32455
32 658
32632

407
400
414
412
410

408
391
635
480
512

263
258
211
221
252

385
387
429
379
390

864
863
1 075
1 071
1 069

18 383
942
17 537
752
17612
950
17'361
922
16 770 2 669

19 325
18 289
18 562
18 283
19 439

18 405
18 080
18 254
18 132
18 559

920
209
308
151
880

5 392
5 396
5 396
5 398

32905
33 126
33 219
33 111

418
421
422
403

383
608
492
416

256
212
275
265

691
672
430
421

1 061
997
1 018
1 019

16252
16 626
17 008
16 584

2 598
2 827
2918
2 974

18 850
19 453
19 926
19 558

18 198
18*430
18 753
18 754

652
1 023
1 173
804

1960
Jan.

6
13
20
27

Feb.

3
10 .
17
24 .

...

u"::::::::::

20 .
27

May 4
18
25

Aug

Sept 7.
14
21
28
Oct.

For notes see Part A of this table.

Digitized for FRASER


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

107
150
22

836
1,227
1 253
987

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMSContinued
W
2

D. WEDNESDAY FIGURES, 1941-70Continued

[In millions of dollars]


1
Reserve Bank credit outstanding

j
ii

U.S. Government securities

Date

Total

Bought , Repurchase
outagreeright
ments

Discounts
and
advances

F!oat 2

other 3

Tota

Goid
stock

380
384
405
403

1,018
1,024
1,097
1,091

16,373 j 2,592
17,038 2,514
16,814
2,633
16,575
2,647

18,965
19,552
19,447
19,222

18,417
18,363
18,236
18,260

548
1,189
1,211
962

^
O

31,740
31,863 i
31,906 t
31,810
31,818 j

442
433
422
429
437

406
446
461
517
489

211
177
475
216
268

424
393
360
362
365

1,087
1,080
1,036
1,036
1,031

16,217 j 2,675
16,371
2,388
16,330
2,664
16,359 2,651
15,992 i! 2,721

18,892
18,759
18,994
19,010
18,713

18,377
18,216
18,331
18,430
18,201

515
543
663
580
512

E
^
2
H
W

17,389 ' 5,410


17,390
5,412
17,391 5,415
17,390 5,418

31,953
31,995
31,897
31,765 i

410 i
420
416
415

222
402
356
501

288
173
212
232

384
345
315
308

1,025
962
968
964

16,723 '
16,425
16,351
15,900 li

2,465
2,693
2,782
2,754

19,188
19,118
19,133
18,654

18,333
18,266
18,478
18,310

855
852
655
344

3
H
frl

40
39
37
37
37

27,865 ; 17,390 s 5,421


28,111 :|l! 17,395 ' 5,423
28,697 17,403 \ 5,425
27,973 ' 17,403 I, 5,427
27,806 17,403 5,431

31,877 S
32,034
32,041
31,951 i
32,197 ;

422
437
434
428
408

452
446
496
484
372

206
220
206
200
210

315
315
282
282
277

957
962
,076
,073
,071

16,447
2,534
16,516 !' 2,604
16,990
2,660
16,386 2,741
16,107 , 2,700

18,981
19,120
19,650
19,127
18,807

18,411
18,232
18,500
18,354
18,240

570
888
1,150
773
567

37
37
37
35

28,150 '; 17,428 '"


28,132 - 17,476 '
28,273 i 17,526
27,988 17,550 i.

5,429
5,434
5,433
5,433

32,270
32,271
32,211
32,268

417
417
409
410

420
565
563
649

227
202
176
200

246
241
293
318

,068
,007
,020
,022

18,193
18,338
18,779
18,519

757
758
539
434

35
33
33
33

28,542 \ 17,550
28,529 17,551
28,363 :; 17,526
28,140 17,527

5,433
5,433
5,438
5,443

32,745 i
32,703 '
32,560 '
32,414

392
400
401
406

349
493
646
537

275
216
237
258

234
269
265
262

1,006
945
943
947

16,359 ! 2,591
16,339
2,757
16,560
2,758
16,103 t 2,84B
i,
16,524 ! 2,456
16,487 ' 2,864
16,275
2,794
16,286 ; 2,844

18,950
19,096
19,318
18,953

61
44
172
59

H69 ;
,187
,290
,093 '
li
,063 1,
,309 !'
,591
,124

18,980
19,351
19,069
19,130

18,552
18,454
1H,478
18,405

428
897
59
725

168
473
116
62
59

995
887
,310
,066
923

33
32
32
32
32

28,765 17,527
28,892 17,602
28,869 17,602 "
28,176 17,602 '
28,273 'i 17,452

5,542
5,544
5,545
5,552
5,553

32,490
32,624 "
32,640
32,511
32,521 ,

426
432
428
421
422

546
449
524
575
525

211
255
229
244
226

333
270
289
293
290

1,025
1 ,020
1,112
1,107
1,108

16,803 i 2,674
16,987 i 2,639
16,794
2,705
16,178
2,784
16,185
2,865

19,477
19,626
19,499
18,962
19,050

18,865
18,599
18,673
18,599
18,593

612
1,027
826
363
457

68
32
203
S4

,080
,310
,730
,300

34
33
33
33

29,084 ' 17,452


29,181 . 17,452
29,444 17,452
28,498 , 17,452

5,553
5,553
5,555
5,562

32,S2S '
32,816
32,675
32,602

418
418
420
416

557
460
559
485

274
289
269
353

324
321
321
298

1,108
1,049
1,054
1,048

16,580
16,833
17,153
16,310

2,599
2,839
2,880
2,930

19,179
19,672
20,033
19,240

18,630
18,728
18,963
I B , EH

549
944
1,070
429

68
95
44
248

,187
,102
,649
,179

34
34
36
37

29,221
29,507
29,712
29,421

5,564
5,566
5,570
5,573

32,739
33,045
32,939
32,776

419
419
431
415

481
549
458
384

241
238
287
242

293
322
267
276

1,051
1,049
994
994

16,912
16,802
17,210
17,209

2,640
2,782
2,874
2,951

19,552
19,584
20,084
20,160

19,093
18,965
19,446
19,231

459
619
638
929

26,667
26,897
27,013
26,759
26,688

27,127
26,809
26,436
26,228

27,124
26,754
26,436
26,228

3
26,781
10
26,916
17.. .. 26,667
26,747
24
3 1 . . . . . . 26,887

26,781
26,901
26,490
26,706
26,886

27,179
26, 845
26,865
26,774

27,179
26,845
26,845
26,774

5 . . . . . . 27,383
12...... 27,143
19.. . . 26,567
26,924
26

27,383
27,143
26,567
26,924

27,569
27,500
27,411
27,016
3 0 . . . . . . 27,259

27,425
27,352
27,279
27,016
27,259

23".;;;;.'

Sept. 6 . . . . . .
13.. ...
20......
27.. ...

27,902
2?,B06
27.478
27,081

27,902
27,806
27,408
27,081

Oct. f 4 . . . . . .

27,932
28,276
27,983
27,957

27,932
28,150 -J26*'
27,983
27,905
52 >

18*;;;;;;
25......

Digitized for FRASER


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

70

rn

225
195
194
172

26,667
26,920
27,014
26,759
26,688

144
148
132

456
449
545
539

125
372
536
115

Aug, 2
9......

cess

427
413
427
430

26,570
26,689
26,625
26,586

July

Required

987
527
920
692

26,695
27,061
27,161
26,701

20

Total

18,910
18,612
18,563
18,461

I .
8
15..
22

June 7. . . . . .
14
21
28 . .

Cur;,

Banks I Coinnd,-,

19,897
19,139
19,483
19,153

Feb.

177
41
1

17,115
2,782
16,252
2,887
16,708 i 2,775
16,373
2,780

98
69
66
68

is

With

940
940
941
941

221
13

3
55 |

Member bank reserves

381
379
387
402

26,984
26,991
26,912
26,747

..

Other
Federal
Reserve
accounts

252
256
241
261

27,205
27,004
26,912
26,747

Apr. 5

Deposits, other than member bank reserves,


Cur- i Treaswith F. R. Banks
rency i
ury
in
cash
circuholdlation i ings 1 TreasForOther ~
eign
i
ury

312
558
382
513

4
11
18
25

May

i stand-

s'

Jan.

23"

rency
out.

Mar. 1
8
15
22
29

T>n<i~

1961

19..
26

ii

"

:
i
j
j

62
48
48
47

29,119 ! 17,670 t 5,399


28,230 ' 17,615 \ 5,402
28,285 !| 17,510 \ 5,401
27,868 17,450 | 5,401

32,785
32,445
32,122
31,801

188
526
471
314

859 '
929
907
1,229

46
46
50
50

27,788 ' 17,441


28,562 17,414
28,589 17,398
28,294 ; 17,373 |

5,402
5,404
5,405
5,405

31,752 j
31,877
31,909
31,861 |

56
212
59
79
114

981 j
804 !
1,079
1,048
755

46
47
45
45
45

27,750 ' 17,373 1 5,405


27,983 ' 17,373 ' 5,406
28,197 17,384
5,408
27,931 ! 17,389
5,409
27,602 17,389 ( 5,409

121
117
60
38

913 |
948 !
1,170
968 |

45
45
44
43

28,206
27,919
27,710
27,277

76
222
782
211
111

968
934
1,211
978
771

\
i
\
<

65
63
81
86

1,754
1,109
1,259
1,006

17,351
17,351
17,303
17,303

403
416
415 !
428

hrj
c/l
>

Nov. I
8
15
22
29

28,313
28,609
28,460
28,883
28,775

28,268
28,524
28,350
28,698
28,775

Dec. 6
13
20
27

29,403
29,259
28,957
29,040

29 , 403
29,259
28,597
28,793

3
10
17
24
31

28,933
28,700
28,441
28,135
28,532

28,749
28,700
28,421
28,135
28,532

Feb. 7
14
21
28

28,596
28,188
28,043
28,360

28,596
28,188
28 , 043
28,360

Mar. 7
14
21
28

28,560
28,477
28,806
28,779

28,560
28,449
28,558
28,727

Aor. 4
11
18
25

29,340
29,196
28,884
28,962

29.207
28,993
28,884
28 , 868

133
203

May 2
9
16
23
30

29,355
29,454
29,454
29,211
29,570

29,282
29 ,389
29,454
29 211
29,570

73
65

June 6
13
20
27

29,949
29,628
29.574
29,383

29,949
29,628
29,397
29,235

July

4
11
18
25

30,334
29,487
29 020
29,180

30,194
29,445
29 020
29,180

Aug.

1
8
15
22
29

29,959
30,173
30,264
29,958
30,143

29,959
30.173
30,143
29,873
30,143

Sept. 5
12
19
26

30,560
30,267
29 668
29,102

30,327
30,196
29 668
29 , 1 02

3
10
17
24
31

30,568
30 529
30,193
29,833
30 20!

30,476
30 457
30,193
29,833
29 953

Nov. 7
14
21
28

30,324
30,123
30,191
30,059

30,127
197
30,123
30,067 '"'J24'
30,059

Dec. 5
12
19
26

30,285
30,678
30,489
30,634

30,275
30,651
30,489
30,489

45
85
110
185

284
488
617
377
51

1 099
707
1,292
1 432
1,227

38
39
42
40
41

29 734
29,843
30,411
30 732
30,094

17 303
17,276
17,276
16 976
16 976

5 578
5,580
5,584
5 586
5 587

32 832
33,159
33,257
33 521
33,498

428
424
410
412
428

605
465
635
443
504

269
274 1
273
212
221

276
269
285
214
204

989
992
,146
142
145

17 216
17,117
17,265
17 350
16,657

2 800
2,656
2,915
2 938
3,143

20 016
19,773
20,180
20 288
19 800

19 268
19,164
19,194
19 293
19,278

748
609
986
995
522

35
49
303
552

1,112
1,603
2 418
2,249

42
43
47
50

30 592
30,954
31 725
31,891

16 976
16,925
16 890
16,890

5 586
5,591
5 584
5,585

33 786
34,019
34 167
34,180

425
433
422
425

380
587
558
264

238
243
249
237

270
188
187
267

149
,083
111
,109

16 906
16,917
17 505
17,884

2,873
3,216
3 218
3,330

19 779
20,133
20 723
21,214

19 221
19,339
19 846
19,875

558
794
877
1,339

258
76
284
125
129

2,411
1,797
1,636
1,240
906

50
47
47
45
45

31,652
30,620
30 408
29 , 545
29 612

16,890
16,840
16 840
16,840
16 815

5,587
5,587
5 588
5 589
5 584

33,836
33,533
33 241
32 904
32 764

448
441
445
446
454

361
601
491
557
362

356
230
218
209
229

279
270
300
312
286

,043
,044
043
041
044

17,806
16,928
17 098
16 505
16 872

3,171
3,176
3 107
3,094
3 050

20,977
20,104
20 205
19,599
19 922

20,025
19,587
19 465
19,245
19 262

952
517
740
354
660

205
209
168
139

937
1,211
1,319
1,385

45
45
45
44

29,783
29 653
29,575
29,928

16,790
16 790
16,790
16,790

5,585
5 586
5,587
5,587

32 833
32 925
32 894
32,880

463
449
440
425

341
447
464
449

226
205
180
204

250
260
265
389

,038
985
151
,151

17,007
16 758
16 547
16,808

2,758
2 941
2,941
2,937

19,765
19 699
19,488
19,745

19,180
19 109
19,027
19,067

585
590
461
678

412
128
443
235

1,146
1,198
1 202
198

44
43
42
41

30,162
29,846
30 493
29 973

16t730
16,710
16 710
16 610

5,588
5,591
5 586
5 588

32,995
33,073
33 001
32 957

445
456
449
437

410
490
365
^ 62

229
215
197
217

205
215
258
284

,099
,022
029
028

17,097
16,675
17 489
16 786

2,715
2,902
2 904
2 971

19,812
19,577
20 393
19 757

18,966
18,917
19 248
19 213

846
660
I 145
544

172
327
316
350

1,005
1 031
1,369
1,169

40
39
38
37

30,557
30 593
30 607
30,518

16,610
16 610
16 535
16,495

5,592
5 585
5 583
5 587

33,160
33 342
33 332
33 135

444
431
433
431

297
564
508
551

199
260
206
220

356
365
357
315

,014
026
961
955

17,289
16 800
16 928
16 993

2,696
2 814
2 967
3 046

19,985
19 614
19 895
20,039

19,213
19 118
19 350
19,313

772
496
545
726

153
113
280
138
173

1,151
979
1,451
1 245
951

36
33
33
32
31

30,695
30 579
31 218
30 626
30,725

16,495
16 465
16 435
16 435
16,435

5,593
5 594
5 597
5 593
5,595

33,173
33 366
33 378
33 291
33,478

429
422
430
420
416

667
388
627
619
568

194
221
211
268
214

400
337
361
288
362

959
955
135
127
,130

16,960
16 948
17 108
16 640
16,587

2,871
2 798
2 944
2 982
2,996

19,831
19 746
20 052
19 622
19,583

19,572
19 335
19 384
19 247
19,183

259

411
668

a
m
<*

375
400

M
g

106
172
487
393

1 175
1,301
1,637
1,242

3!
30
30
44

31 261
31,131
31,728
31,062

16 435
16,435
16,435
16,435

5 600
5,603
5,604
5,600

33 615
33 672
33,615
33 629

412
408
404
411

450
458
572
578

202
225
330
342

344
328
327
233

074
,005
954
712

17 198
17 073
17,564
17 191

2 805
3,012
3,013
3 113

20 003
20,085
20,577
20 304

19 306
19,379
19,658
19,596

697
706
919
708

X*

113
57
669
136

1,579
1,583
1 889
1,452

64
52
38
40

32,090
31,179
31 616
30,808

16,435
16,298
16 298
16,208

5,602
5,600
5 602
5,603

34 058
34,142
34 007
33,810

398
397
389
414

490
436
435
565

306
335
269
237

294
219
313
303

692
704
644
639

17 889
16,844
17 451
16,651

2 721
3,083
3 042
3,138

20 610
19,927
20 493
19^789

19,658
19,574
19 607
19^407

952
353
886
382

194
647
329
548
119

1,084
934
1,388
1,295
1,005

43
42
39
36
33

31,280
31 796
32,020
31,837
3 1 , 300

16,148
16 148
16,148
16,148
16,098

5,601
5 604
5,596
5,598
5,603

33,845
34 032
34,042
33,930
33,897

423
421
404
409
414

333
592
597
593
490

256
197
178
170
169

344
340
336
316
313

639
699
834
828
817

17,189
17 267
17,373
17,338
16 901

3,024
2 798
3,077
3,074
3 172

20,213
20 065
20,450
20,412
20 073

19,512
19 251
19,269
19,484
19,413

701

?d
W
C/3

1,181
928
660

hri
%
5q

233
71

119
175
69
773

1,136
1 477
2 112
1 641

34
34
34
34

31,849
31 953
31 883
31 550

16,098
16 068
16 068
16 068

5,550
5 541
5 545
5 550

34,128
34 146
33 960
33*849

420
396
404
405

454
627
583
511

177
218
228
251

310
275
292
290

851
777
773
757

17,157
17 123
17 256
17 105

2,868
3 124
3 152
3 209

20,025
20 247
20 408
20 314

19,466
19 548
19 798
19 676

559
699
610
638

CO
^
3*"
^

92
72

164
92
172
156
219

1,511
I 326
1,763
1.524
1 171

34
34
34
34
34

32,277
31 98)
32,162
31 547
31 625

16,068
16 068
16,068
16 018
15 978

5,554
5 557
5,550
5 552
5 554

33,976
34 252
34,187
34 043
34 109

416
414
403
410
399

492
492
479
495
513

196
227
206
217
182

330
307
322
297
309

752
749
688
688
827

17,737
17 164
16*967
16 821

2,946
2 957
3J56
3 171
3 237

20,683
20 121
20,651
20 138
20 058

19,669
19 783
20' 065
19 826
19 330

1,014
3^8
586
312
728

^
M
2
TO
t"^

579
108
139
103

740
1,452
2,044
1,848

34
34
35
36

31,677
31,717
32,409
32,046

15,978
15,978
15,978
15,978

5,556
5,550
5,551
5,552

34,446
34,651
34,843
34,801

412
411
398
397

325
467
310
552

194
233
213
209

319
325
262
263

819
743
,027
,026

16,696
16,415
16,884
16,327

2,813
3,286
3,195
3,434

19,509
19,701
20,079
19,761

18,880
18,982
19,173
19,128

629

J
3
H
U

191
238
317
248

1,602
1 696
2,770
2 562

39
52
67
85

32,117
32 664
33,643
33 529

15,978
15 978
15,978 1
15 978 t

5,559
5 560
5,560
5 568

35,066
35 334
35,437
35 572

407
405
404
395

359
532
708
602

218
213
207
229

316
261
296
316

,077
006
,017
093

16,211
16 451
17,113
16 867

3,060
3 432
3,463
3 299

19,271
19 883
20,576
20 166

19,198
19 221
19,726
19 745

247

1962
Jan.

Oct.

184
20

28
248
52

94

177
148
140
42

iii

85

248

10
27

t
J45

For notes see Part A of this table.

Digitized for FRASER


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

8i4

719

906
633
73
662
850
421

W
J>
3
W

S
L2
gj
^
C/3

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMSContinued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
tt

Date

Reserve Bank credit outstanding


i
U.S. Government securities
Discounts
AH
Float - other s
and
Bought Repuradchase
outTotal
agree- vances
right
ments

Treasury
currency
outstanding

Gold
stock
Total

Treasury
cash
holdings

Currency
in
circulation

Deposits, other than member bank reserves,


with R R. Banks

Foreign

Treasury

Othef -

Other
Federal
Reserve i
aei With
counts i Jt , *
i Banks

Member bank reserves

Currency
and
coin "

Total

Required i

Excess

^0

i
f 17,233

1963
Jan. 2
9
16
23
30.

30,478
30,266
30,038
29,863
30,306

30,478
30,266
30,038
29,863
30,054

Feb. 6
13
20
27

30,960
30,746
30,527
30,498

30,466
30,433
30,394
30,361

Mar. 6
13
20
27

30,552
30,564
30,554
30,637

Apr. 3 . . . . . .
10......
17
24

31,118
31,072
30,695
30,537

May I
. .
8...,,.
15
22
29

252
494
313
133
137

87
75
88
650
150

2,913
2,200
2,175
,651
,178

<

81
79

33,589
32,625
32,383
32,245
31,713

15,978
15,978
15,928
15,928
15,928

5,572
5,573
5,565
5,568
5,571

35,267
34,889
34,549
34,218
34,080

416
429
425
438
423

694
813
780
863
779

248
241
200
232
219

289 i
292 !
287
276
325

993
989 !' 16,523
958 i 16,677
958 16,756
968 i 16,419

3,520
3,440
3,390
3,341
3,319

20,753
19,963
20,067
20,097
19,738

20,293
19,684
19,681
19,337
19,184

2,929
3,106
3,217
3,259

19,935
19,543
20,071
19,755

19,164 l;
19,120
19,109
19,107

771
423
962
648

O
. ,
73
W

'ii
82

!
i
I
I
|

460
ffl
279
C/5
386
760
>
554 ^

251
164
403
124

,145 1
967
,639 1
,454

69
59
58
57

32,425
31,936
32,627
32,133

15,928
15,928
15,928
15,878 !

5,571
5,562
5,567
5,572 i

34,177
34,331
34,288
34,235

433
436
459
461

836
800
908
759

196
206
190
222

297 !
351
311
27,

980 j 17,006
905 16,437
,113 16,854
,139 } 16,496

84
30,468
30,533
31
30,554
30,513 ""124

212
99
159
224

,435
,518
564
,223

54
52
50
49

32,253
32,233
32,327
32,133

15,H7B
15,878
15,878
15,878

5,574
5,577
5,575
5,578

34,381
34,513
34,484
34,440

462
453
460
440

857
737
896
851

184
184
171
184 ,

198
184
191
189

,129 ii 16,494
,067 16,550
,074 16,505
,075 ; 16,410

2,853
3,094
3,138
3,187

19,347
19,644
19,643
19,597

19,090
19,046
19,164
19,228

257
598
479
369

^
Ij
2
W

31,071
31,046
30,655
30,537

47
26
40

137
329
96
859

,225
,155
,654
,350

49
48
48
46

32,529
32,604
32,493
32,792

15,878
15,878
15,878
15,878

5,579
5,573
5,576
5,580 j

34,624
34,910
34,846
34,614 ;

449
441
436
445

964
985 i
914
1,065

170
193
239
185

196
213
200
198

,081 ;! 16,501
,079 16,233
985 16,327
993 16,750

2,978
2,999
3,303
3,292

19,479
19,232
19,630
20,042

19,160
18,974
19,402
19,168

319
258
228
874

3
H
W

31,394
31,382
31,289
30,835
31,089

31,042
31,224
31,184
30,835
31,089

352
158
105

153
382
642
769
149

,474
,233
,42!
,420
,101

44
44
44
44
42

33,065 15,878
33,041 : 15,828
15,828
33,396
33,068 i 15,82B
32,381 15,798

5,580 34,660
5,567 34,905
5,572 F 34,964
5,575 34,891
5,583 35,077

443
423 ,
418 ;
418

960
984
1,050
830 1
609

170
183
167
156
156

183
194
193
176
185

20,278
19,652
20,122
20,046
19,551

19,469
19,265
19,234
19,237
19,101

809
387
888
809
450

June 5. . . . . .
12......
19
26

31,561
31,692
31,586
31,597

31,531 ;
31,545
31,340 i
31,448

30

171
255
754
612

,305
,258
,684 ^
,411

42
42
45
38

33,079 15,798
33,247 i 15,798 ^
34,069
15,79H !i
33,658 ? 15,733

5,585 35,235
5,581 ; 35,349 li
5,582 f 35,339 i
5,582 1 35,357

415 s
409
410 i
402 :

499
634
K73
1 ,054 i

164 i
219
167
182

189
243
242
211

3,172
,001 Ij 17,106
976 i 16,771 ! 2,881
,173 16,830
3,292
,150 16,836
3,210
3,385
,151 i 16,166
\
2,950
,161 ! 16,800
,103 16,669
3,242
,122 ; 17,297
3,275
,103 16,664
3,386

19,750
19,911
20,572
20,050

19,139
611
19,157
754
19,562 1,010
19,735 '
315

July

32,683
32,291
31,752
31,750
32,468

32,289
32,053 ;
31,752
31 ,750
32,324

394

565
131
282
75
338

,522
,529
,965
, 384 ,
,101

44
43
43
39
39

34,814
33,994
34,042
33,248
33,946

'i 15,733
, 15,683
15,633 '
15,633 "
15,633 !'

5,588 ' 35,864 ;


5,588 35,943 !'
5,5H3 : 35,820
5,586 : 35,651
5,588 ; 35,663

398
398
393
389

884
1,190

167
184

1 ,020
629

192
201
211
197
262

,098 17,538
,107 16,242
,064 ,.16,701
,063 15,965
,070 16,971

2,996
3,277
3,320
3,397
3,382

20,534
19,519
20,021
19,362
20,353

19,809 ,
19,582 i ,
19,702 ,
19,386
19,417

725
--63
3(9
-24
936

32 , 369
32,128
32,097
21
28 . . . . . . 32,237
Sept. 4. . . . . . 32,694
32,524
11
18...... 31,974
25. . . . . . 32,107

32,316
32,119
31,993
32,183

53
9
104
54

1,059
159
620
338

,131
,406
,434
,132

39
39
37
37

34,598
33,732
34,188
33,744

15,633
15,583
1 5 , 5H3
15,583

5,589 35,849
5,581 .: 35,918
5 , 585 35,826
5,583 35,774

404
392
403
401

941
1 ,052
948
1,015

152
152
147

187
193
178
188

,065 17,176
990 16,199
,218 16,631
,213 16,172

3,043
3,319
3,321
3,431

20,219
19,518
19,952
19,603

19,389 :
19,277
19,282 ,
19,192

830
241
670
411

32,359
32,324
31,974
32,107

335
200

212
335
353
495

,449
,448
,268
,435

37
36
36
36

34,392
34,343
34,631
34,073

32,898
Oct. 2
9 . . . . . . 32,979
1 6 . . . . . . 32,413
2 3 . . . . . . 32,273
30...... 32,779

32,618
32,635
32,335
32,273
32,686

280
344
78

493
2)3
407
305
215

,326
,233
1 645
, 398
,158

41
46
46
41
48

34,758
34,471
34,511
34,017
34,200

AU

1
10......
17
24......
31

Digitized for FRASER


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

147
246
149
238 i

93

i
:

433

393

:
1

177

182
198

.'!

15^583
15,583
15,583

5,518
5,589
5,592
5,588

36,065
36,112
35,990
35,841

403
417
423
388

844
1 ,007
1 , 329
940

154
141
152
141

199
212
191
172

,219
,207
,14!
,141

16,684
16,419
16,580
16,621

3,211
3,330
3,422
3,484

19,895
19,749
20,002
20,105

19,399 "
19,380
19,895
19,784

496
369
107
321

15,583
15,583
15,583
15,583
15,583

5,589
5,594
5,581
5,587
5,593

35,958
36,220
36,244
36,145
36,154

401
404
404
401
398

972
904
918
823
761

168
155
147
196
183

!94
182
213
183
J97

7 124

17,113
16,637
16,687
16,380
16,068

3,292
3,148
3,400
3,429
3,569

20,405
19,785
20,087
19,809
20,237

20,029
19,660
19,738 '
19,479 :
19,536

376
125
349
330
701

,145
,062
,059
1,014

gj
^

32,939
32,651
32 , 947
33,194

360
107
132

262
132
419
605

1,107
1,647
2,069
1,468

67
43
43
43

34,735
34,473
35,585
35,442

15,583
15,583
15,583
15,583

5,596
5,599
5,592
5,595

36,498
36,756
36,784
37,228

398
420
396
396

676
1,019
1,018
942

157
151
151
160

187
197
195
174

1,027
941
,250
,260

16,971
16,171
16,966
16,459

3,100
3,505
3,449
3,648

20,071
19,676
20,415
20, 107

19,838
19,615
19,869
19,861

233
61
546
246

33,976 33,783
33,597 33 , 594
33,732 33,552
10
24 .... 33 , 672 33,552
31io .... 33,593 33,582

193
3
180
120
11

121
321
307
259
63

1,817
1,769
2,768
2,916
2,600

48
50
84
121
162

35,962
35,737
36,891
36,968
36,418

15,583
15,583
15,583
15,513
15,513

5,583
5,583
5,583
5,587
5,578

37,403
37,634
37,719
37,873
37,692

387
394 1
400
401
361

586
1,067
927
888
880

152
164
158
138
171

203
195
198
220
291

,259
1,264
,207
,213
,065

17,139
16,185
17,448
17,335
17,049

3,376
3,703
3,776
3,691
4,099

20,515
19,888
21,224
21,026
21,148

19,976
19,988
20,559
20,496
20,713

539
-100
665
530
435

33,299
32,651
33,054
33,326

Nov. 6

13
20
27
Dec. 4

11
18

1964

8
15
22
29

33,493
33,419
32,696
32,721

33,341
33,322
32,696
32,721

152
97

325
94
348
333

1,956
2,386
1,748
1,347

145
123
96
66

35,919
36,022
34,888
34,467

15,513
35,513
15,513
15,513

5,583
5,585
5,581
5,582

37,187
36,888
36,568
36,310

403
417
418
427

1,082
996
1,036
847

171
155
147
130

214
219
210
197

1,C63
1,063
1,055
956

16,895
17,382
16,547
16,696

3,725
3,776
3,649
3,685

20,620
21,158
20,196
20,381

20,520
20,358
20,041
19,797

100
800
155
584

33 375
33,238
32 720
32,932

33,292
33,179
32 720
32,932

83
59

423
381
73
574

1,278
1,218
1,887
1,375

67
66
62
62

35,143
34,903
34,742
34,943

15,513
15,463
15,463
15,463

5,592
5,581
5,585
5,586

36,387
36,553
36,432
36,320

441
422
432
458

635
942
944
825

137
137
141
135

206
197
199
196

964
935
1,052
1,043

17,479
16,761
16,589
17,015

3,276
3,456
3,499
3,537

20,755
20,217
20,088
20,552

19,868
19,847
19,788
19,717

887
370
300
835

33,452
33 434
33,335
33,383

33,452
33 434
33,195
33,355

77
436
953
55

1,447
1,317
1,801
1,497

77
85
99
120

35,053
35,272
36,188
35,055

15,463
15,463
15,463
15,463

5,589
5,574
5,578
5,579

36,456
36,679
36,724
36,715

457
454
446
415

947
869
1,133
1,101

136
173
132
143

203
197
217
170

1,032
1,089
975
942

16,874
16,848
17,602
16,611

3,244
3,271
3,395
3,512

20. U8 19,853
20,119 19,715
20,997 20,155
20,123 19,977

265
404
842
146

34,042
33,932
33,485
32 885
33,140

33,916
33,916
33,485
32 885
33,076

126
16
64

287
130
772
148
378

1,187
1,482
1,729
1,693
1,451

161
105
96
54
98

35,677
35,649
36,082
34,780
35,067

15,463
15,463
15,463
15,463
15,463

5,578
5,590
5,575
5,576
5,581

36,792
37,000
37,002
36,889
36,878

400
433
443
429
431

695
912
957
970
952

154
144
145
125
140

202
185
189
177
187

1,018
1,035
951
945
999

17,457
16,993
17,432
16,284
16,525

3,487
3,197
3,629
3,548
3,680

20,944
20,190
21,061
19,832
20,205

20,095
19,877
20,117
19,883
19,752

849
313
944
-51
453

34,229
33,944
33,824
34,023

33,907
33,904
33,760
34,013

322
40
64
10

247
179
530
204

1,403
1,527
1,700
1,274

88
73
71
55

35,967
35,723
36,125
35,556

15,463
15,463
15,463
15,463

5,584
5,573
5,575
5,582

37,064
37,218
37,163
37,208

436
424
. 435
437

785
829
1,072
884

137
165
148
145

175
171
170
185

962
875
,244
,251

17,455
17,076
16,931
16,490

3,185
3,518
3,486
3,644

20,640
20,594
20,417
20,134

19,978
19,927
19,877
19,833

662
667
540
301

E9
g
3

34,655
34,657
34,617
34,531

34,473
34,539
34 , 438
34,531

182
118
179

365
334
214
93

1,345
1,330
1,954
1,821

66
79
70
101

36,431
36,400
36,855
36,546

15,463
15,463
15,463
15,463

5,589
5,586
5,585
5,586

37,407
37,611
37,647
37,588

440
429
404
402

804
845
790
967

119
142
154
139

212
190
187
197

,252
,311
,230
,284

17,250
16,920
17,491
17,017

3,335
3,420
3,512
3,684

20,585
20,340
21,003
20,701

20,068
19,843
20,493
20,385

517
497
510
316

H
TJ
_
W

35,123
35,460
35,206
34 160
34,812

34,998
35,217
34,910
34 160
34,760

125
243
296

424
416
126
104
288

1,637
1,503
1,897
1,668
1,295

104
104
61
41
61

37,288
37,483
37,290
35,973
36,456

15,463
15,463
1 5 , 463
15,463
15,463

5,583
5,559
5,564
5,567
5,563

37,799
38,113
38,087
37,927
37,857

417
416
437
458
446

871
785
923
734
674

148
125
127
130
140

203
213
216
199
196

,251
,264
,177
,140
,146

17,645
17,589
17,350
16,415
17,023

3,528
3,351
3,670
3,648
3,711

21,173
20,940
21,020
20,063
20,734

20,638
20,520
20,440
20,121
19,981

535
420
580
-58
753

!>
J
7S
,,
73

12
19
26

35,258
35,009
34 739
35,079

35,051
35,921
34 739
35,007

207
88

735
163
180
138

1,237
1,489
1,728
1,324

66
60
38
38

37,296
36,721
36,685
36,579

15,463
1 5 , 463
1 5 , 463
15,463

5,570
5,554
5,561
5,567

38,031
38,186
38,108
38,002

442
411
420
444

828
1,017
1,025
1,076

129
138
140
186

186
203
195
194

,129
,030
,208
,217

17,584
16,753
16,612
16,490

3,289
3,574
3,575
3,694

20,873
20,327
20,187
20,184

20,280
20,169
20,274
20,133

593
158
-87
51

U5
W
5d
5
<

Sept 2
9
16
23
30

35,317
35,633
35,113
34,781
35,350

35,194
35,273
35,113
34,781
35,250

123
360

99
142
74
731
95

1,266
1,600
2,078
2,030
1,567

62
60
54
50
99

36,744
37,435
37,319
37,592
37,111

15,463
15,463
15,463
15,463
15,463

5,574
5,559
5,572
5,556
5,553

38,106
38,475
38,380
38,152
38,166

434
433
451
443
434

731
839
1,082
1,047
933

177
121
154
128
148

183
205
180
199
194

,171
,241
,094
,030
,130

16,979
17,143
17,013
17,612
17,121

3,521
3,404
3,770
3,747
3,826

20,500
20,547
20,783
21,359
20,947

20,353
20,216
20,729
20,808
20,834

147
331
54
551

^
>

113

7
14
21
28

35,861
35 137
34,763
35 218

35,652
35 tn
34,763
35 218

209
26

212
79
1,171
503

1,635
1,900
2,124
1,451

102
92
38
82

37,810
37,208
38,096
37,254

15,463
15,463
15,463
15,463

5,546
5,543
5,516
5,507

38,389
38,546
38,431
38 , 370

462
482
474
474

622
1,042
1,209
710

139
130
115
151

204
201
180
183

1,085
960
974
856

17,917
16,852
17,691
17,480

3,332
3,756
3,696
3,852

21,249
20,608
21,387
21,332

20,758
491
i_J
20,608
20,560 " "827"
2
20,662
670
5J

Nov 4
11
18

35 953
35,854
36,269
36,280

35 709
35,578
35,765
36,280

244
276
504

409
514
149
160

1,187
1,577
2,071
1,612

94
71
91
89

37,643
38,016
38,580
38,141

15,463
15,463
15,463
15,388

5,497
5,496
5,495
5,487

38,622
38,983
39,031
39,266

490
515
546
559

546
641
425
752

131
144
157
194

197
242
191
186

1,171
1,098
1,302
1,081

17,446
17,353
17,885
16,978

3,462
3,638
3,680
3,890

20,908
20,991
21,565
20,868

20,920
20,658
20,919
20,876

-12
333
646
-8

37,371
37,039
37 281
37,030
36,763

37,371
37,039
36,907
36,618
36,506

152
246
227
505
357

1,664
1,534
2,434
2,646
2,502

75
58
51
53
66

39,262
38,877
39,993
40,234
39,688

15,388
15,388
15,388
15,388
15,388

5,403
5,397
5,408
5,391
5,405

39,381
39,717
39,839
39,974
39,775

562
585
602
612
642

617
1,118
1,070 t
918
754

281
148
121
206
228

190
183
175
163
188

1,313
1,137
1,048
993
1,067

17,709
16,774
17,933
18,147
17,826

3,798
3,847
4,112
4,015
4,362

21,507
20,621
22,045
22,162
22,188

21,294
20,799
21,487
21,463
21,554

213
-178
558
699
634

Jan.

Feb

12
19
26
Mar 4

11
18

25

Apr.

1
8
15

.,

22
29
May 6
IB"".'..
20
Ui
27
OO
HJune 3
10

17
24
July

1
8
15
22
29

Aug. 5

Oct.

25
Dec. 2
9
16

23
30

140
28

52

72

100

374
412 I
257

$>
H
HH
E2
W
.,
Lj
LJ
H
S
C/3

For notes see Part A of this table.

Digitized for FRASER


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

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMSContinued

i
w

I>. WEDNESDAY FIGURES, 1941-70Continued


[In millions of dollars]
1

Reserve Bank credit outstanding

Date

U.S. Government securities


i
Bought Repurchase
Total
outagreeright
ments

Discounts
and
advances

Float 2

AH

other s

Gold
stock
Total

Treasury
currency
outstanding

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank reserves,


with F. R. Banks

Treasury

Foreign

Other

Other
!! Federa I
Reserve
accounts

bd

Member bank reserves

With
F. R.
Banks

Currency
and
coin ^

Total

Required

Excess

1965
Jan.

6
13
20
27

37,032
36,524
36,285
36,723

36,527
36,482
36,259
36,405

505
42
26
318

337
192
86
234

2,304
,780
,935
,534

89
101
86
120

39,762
38,597
38,392
38,611

15,388
15,188
15,188
15,188

5,409
5,388
5,394
5,391

39,428
39,143
38,817
38,600

656
671
664
676

492
979
1,098
907

229
214
111
133

201
206
207
194

1,010
872
896
860

18,543
17,088
17,115
17,820

3,943
4,094
3,978
3,961

22,486
21,182
21,093
21,781

21,717
21,185
21,169
21,014

769
-3
-76
767

Feb.

3
10
17

37,387
37,242
37,286
36,681

37,149
37,133
37,120
36,628

238
109
166
53

755
144
229
132

,397
,349
,626
,545

121
131
105
55

39,660
38,866
39,246
38,413

15,088
14,938
14,938
14,938

5,392
5,396
5,400
5,384

38,605
38,761
38,674
38,682

670
692
717
716

1,025
907
777
919

138
143
136
134

211
192
195
209

1,087
U170
1,199
1,192

18,404
17,335
17,886
16,883

3,652
3,664
3,804
3,849

22,056
20,999
21 , 690
20,732

21,100
20,798
20,804
20,737

956
201
886
-5

Mar. 3
10
17
24

36,973
37,273
37,404
37,301
37,591

36,937
37,211
37 308
37,301
37,460

36
62
96
131

600
437
407
242
124

,593
,242
,715
,368
,114

90
115
147
129
143

39,256
39,067
39,673
39,040
38,972

14,813
14,813
14,563
14,563
14,563

5,407
5,393
5,404
5,398
5,390

38,702
38,893
38,899
38,753
38,816 '

719
721
734
756
702

858
872
1,099
1,002
867

143
151
149
122
162

212
194
190
174
196

1,233
1,193
1,022
904
904

17,608
17,250
17,546
17,290
17,277

3,624
3,604
3,719
3,819
3,899

21,232
20,854
21,265
21,109
21,176

21,019
20,669
21,144
21,028
21,091

213
185
121
81
85

Aor.
7
P
14
21

28

37,895
37,942
37,502
37,360

37,635
37,623
37,425
37,233

260
319
77
127

128
277
209
345

,276
,368
,573
,376

148
117
90
94

39,447
39,704
39,374
39,175

14,563
14,413
14,413
14,413

5,401 39,041
5,413 j 39,163
5,397 38,983
5,412 38,803

736
760
757
750

505
796
883
959

152
147
152
148

199
202
186
192

822
723
712
731

17,956
17,739
17,511
17,416

3,458
3,864
3,881
4,017

21,414
21,603
21,392
21,433

21,128
21,051
21,299 '
21,222

286
552
93
211

May 5
12
19
26. . . . . .

38,258
38,087
37,797
38,289

37,572
37,546
37,546
38,135

686
541
251
154

382
138
397
339

,446
,358
,590
,252

119
63
70
72

40,205
39,646
39,854
39,952

14,413
14,353
14,353
14,293

5,414
5,398
5,409
5,395

38,979
39,171
39,103
39,122

764
747
776
771

633
1,080
937
652

153
120
155
156

186
174
170
157

829
732
1,083
1,281

18,488
17,374
17,392
17,501

3,499
3,810
3,791
3,950

21,987
21,184
21,183
21,451

21,446
21,141
21,183
21,089

541
43

June 2. . . . . .
9

38,847
38,541
39,217
38,837
39,100

38,504
38,440
38,750
38,664
38,882

343
101
467
173
218

228
518
705
93
657

,459
,326
,817
,679
349

69
62
53
57
53

40,603
40,447
41,792
40,666
41,159

14,293
14,293
14,293
14,293
13,934

5,399
3,385
5,396
5,413
5,412

39,436
39,565
39,604
39,515
39,720

770
773
784
788
747

949
981
637 j
775
672

156
142
149
138
179

203
1,281
171 i 1,282
1 152
186
167
1,156
198 I
762

17,500
17,211
18,970
17,833
18,229

3,675
3,735
3,848
3,983
3,997

21,175
20,946
22,818
21,816
22,226

21,339
21 ,064
21,679
21,642
21,651

-164
= 118
1,139
174
575

7
39,518
39,067
14
21 .... 38,979
28
39,231

39,050
38,766
38,766
38,804

468
301
213
427

465
212
271
571

,796
,903
,651
,307

53
46
36
36

41,832
41,228
40,937
41,145

13,934
13,934
13,934
13,859

5,418
5,407
5,412
5,411

40,228
40, 196
40,024
39,931

771
766
796
793

973
920
670
799

153
156
151
157

202
203
202
192

850
728
710
705

18,008
17,600
17,731
17,838

3,637
4,053
3,950
4,057

21,645
21,653
21,681
21,895

21,847
21,545
21,496
21,308

-202
108
185
5B7

39,812
11 .... 39,459
1 8 . . . . . . 38,949
25 , . . . 39,200

39,127
39,185
38,949
39,026

685
274

472
292
328
454

,281
,281
,756
,317

36
36
36
36

41,601
41,068
41,069
41 ,007

13,859
13,859
13,859
13,859

5,429
5,421
5,434
5,453

40,043
40,238
40,212
40,124

811
810
829
822

808
916
949
812

158
245
217
217

184
192
IBS
184

476
467
586
540

18,409
17,4^0
17,381
17,619

3,707
3,836
3,863
4,041

22,116
21,316
21,244
21,660

21,523
21,210
21 255
21J32

593
106
-U
528

38,999
39,216
38,968
38,619
39,569

38,999
39,216
38,968
38,619
39,569

131
436
241
906
130

1,2S4

1>S6
1,405

54
59
36
36
61

40,468
41,243
41,204
41,547
41,165

13,859
13,859
13,859
13,859
13,859

5,463
5,469
5,473
5,469
5,472

40, 170
40,569
40,467
40,315
40,417

815
812
817
826
804

f.260 '
951
1,146
1,000
852

207
231
196
195

181
175
211
208
213

375
386
216
218
2iS

16,7112
17,447
17,484
18,128
17,79?

3,864
3 727
4, 192
4,007
4,045

20,646
1,174
1,676
2,135
1,842

21,246
21,076
21,260
21,713
21,624

39,791
39,900
13
39,200
20
27...... 39,238

39,791
39,693
39,200
39,238

511
950
414
366

1,543
1,211
1,872
1,443

75
56
39
59

41,920
42,117
41,525
41,106

13,859
13,859
13,859
13,859

5,491
5 503
5,508
5.502

40,692
40,968
40,837
40,770

802
812
813
803

1,224
916
891
1,085

183
168
162
153

210
195
20!
196

228
81
75
73

17,93!
18,339
17,913
17,387

3,645
4,044
4,094
4,211

1,576
2,383
22,007
21,598

21,484
21,783
21,837
21,706

24

31

23

30......

J U ly

Sept>

i::::::
15 " ' '. '.
22 . . . .
29......

Oct

Digitized for FRASER


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

207

! 52

%i

im

362

--600
98
416
422
218
92
600
170
-108

Nov

3
10
17
24

40,277
40,048
40,048
40,086

40,277
40,048
40,048
40,086

635
184
281 i
792

,392
2 207
2,160
1 624

83
66
46
98

Dec

1
8
15
22
29

40,782
40,926
40,824
40,631
40,889

40,782
40,926
40,824
40,631
40,631

249
181
122
298
540

1 659
K594
2,295
2 627
2,215

121
121
120
119
164

42 811
42 822
43,361
43 675
43,808

Jan. 5
12 .
19
26

41,490
40,769
39,920
40,036

40,832
40 769
39,920
40,036

658

680
123
67
932

2 524
981
969
,618

192
149
101
146

44
43
42
42

Feb. 2
9
16
23

41,045
41,064
40,220
40,000

40,599
40,677
40,220
40,000

446
387

615
443
744
656

,890
438
1 744
1 362

108
109
106
104

43
43
42
42

Mar. 2
9
16
23
30

40,059
40,350
40 411
40,530
40,496

40,059
40,350
40,362
40,530
40,496

664
506
134
699
599

1 626
1 318
1 746
1 772
1,388

114
146
231
229
130

42 463
42 320
42 522
43*230
42 613

41,151
41,027
39,943
40,713

40 787
40,787
39,943
40,713

364
240

810
317
1,607
242

548
540
,590
668

1 14
145
109
188

43
43
43
42

623
029
249
811

41,272
41,002
40,801
41,051

41,009
40,766
40 801
41,051

263
236

18
25

909
214
921
398

699
538
818
505

151
111
113
152

44
42
43
43

031
865
653
106

June 1
8
15
22
29

41,339
41,542
41,435
41,469
41,806

41,339
41 542
41,435
41,469
41,806

384
993
778
814
626

481
399
825
,756
654

178
214
182
224
228

July

6
13
20
27

42,733
42,398
41,956
41,983

42,707
42,398
41,956
41,983

26

265
385
250
970

2,086
2 544
2,741
2 212

Aug. 3
10
17
24
31

42,645
42,448
41,633
41,671
42,518

42,287
42,106
41,633
41,671
42,518

358
342

1,002
526
310
812
386

Sept. 7
14
21
28

42,991
42,623
42,403
42 037

42,991
42,623
42,403
42 037

Oct. 5
12
19
26

43 330
42*833
42,296
42 764

43 262
42,833
42,296
42 613

Nov. 2
9
16
23
30

43 549
43,281
43,234
42 962
43,912

43 247
43,281
43,234
42 833
43 290

302

Dec. 7
14. .
21
28

43,704
43 561
43,943
43 986

43
42
43
43

342
192
251
263

258

42
42
42
42

13.859
13 859
13 859
13 809

5,533 40,996
5 539 41 410
5*541 | 41 490
5 544 i 41 720

795
790
798
836

945
1 190
912
870

168
188
182
158

194
305
208
222

248
255
320
303

18
17
18
17

13 809
1 3 ' 809
1 3 , 809
13 809
13,734

5 540
5 557
5,567
5 568
5,591

41 845
42 222
42,373
42 509
42 314

803
804
812
816
820

791
658
612
843
533

145
146
144
191
159

">44
218
227
220
227

444
457
347
346
338

886
022
057
732

13 734
13 734
13 734
13,734

5
5
5
5

589
607
611
635

42
41
41
41

018
894
478
188

809
813
837
840

87
794
854
740

163
153
134
134

268
237
237
236

658
054
814
122

13
13
13
13

734
734
734
734

5
5
5
5

635
648
656
671

41
41
41
41

156
329
284
322

828
835
839
845

1 039
925
878

167
142
139
129

828
834
817
889
940

737
451
227
433
546

932
950
961
947

387
505
535
600

432
764
025
844

3 889
3 959
4 065
4 244

22
21
22
22

321
723
090
088

21 882
21*462
21*768
21 502

439
261
322
586

17 888
17*683 1
18,222
18 128
18*742

4 313
4 093
4 511
4 396
4 646

22 201
21*776
22 733
22 524
23 388

22 Oil
21 839
22*120
22 611
22 786

190
63
613
87
602

488
478
469
475

20 377
17*993
17 393
18 488

4 104
4 445
4*356
4 300

22 481
22 438
21*749
22 788

22 897
22*442
22*259
22 172

1 584
4
510
616

236
234
249
229

697
707
875
873

18
18
17
17

904
264
899
252

3 979
3*946
4 142
4 076

22 883
22*210
22 041
21 328

22
21
21
21

513
852
975
595

370
358
66
267

154
182
146
136
142

238
252
271
310
371

866
852
756
657
608

17
17
18
18
17

786
688
198
699
941

4 033
3*910
4 066
4*175
4 304

21 819
21*598
22 264
22 874
22 245

22 056
21*657
22 ' 294
21*949
21*992

237
59
30
925
253

108
210
538
297

154
153
129
135

353
400
400
400

598
454
440
452

19 088
18*352
18 488
18 406

3 750
4 305
4*279
4 353

22 838
22 657
22*767
22*759

22 127
22*166
22 352
22 422

711
491
415
337

1966

Aor

6.
13;.::..

20
27

May 4

13 734
13 734
13 734
13 634
13,634

5 668
5*679
5 703
5 716
5*736

13
13
13
13

634
634
634
634

5 759
5*760
5*780
5 793

41 256
41 *474
41*544
41*456
41 435
41 733
41*904
41 706
41 601

13
13
13
13

634
534
534
534

5 804
5*826
5 832
5*871

41 748
41 969
41 *941
41*925

947
952
983
998

504
496
605
742

137
124
139
138

400
381
373
393

41 1
401
635
632

19
17
18
17

322
902
343
683

3 892
4*126
4 152
4*333

23 214
22*028
22 495
22 016

22
22
22
21

616
387
122
971

598
359
373
45

43 382
44 148
44*220
44 263
44 314

13 534
13*534
13*534
13*434
13 434

5 876
5*894
5*924
5*936
5 963

42 211
42 366
42*425
42 317
42 480

978
1 008
1*028
1*072
1*086

855
901
1 038
*168
825

132
156
139
147
132

434
400
404
401
397

600
616
491
477
463

17 582
18 129
18*153
19 051
18 328

4 112
4 017
4 270
4 345
4 434

21 694
22 146
22*423
23 396
22 762

22 256
21 955
22 111
22,727
22 632

562
191
312
669
130

253
156
71
54

45,337
45 483
45,018
45 219

13,434
13 434
13,434
13 334

5,974
5 968
5,965
5 971

42,974
43 074
42 898
42 769

,071
063
*068
089

693
1 138
*772
1 338

193
150
157
149

398
418
425
397

459
337
352
319

18,956
18 706
18*746
18 463

3,859
4 407
4 381
4 449

22,815
23 113
23*127
22 912

22,814
22 569
22 385
22 688

1
544
742
224

2,014
2,030
2 602
1,745
1 485

48
48
48
48
48

45,709
45,052
44 593
44 276
44 437

13,334
13,334
13 334
13*259
13 259

5,997
6,009
6 021
6*034
6 053

42,853
43,053
43 Oil
42*877
42*910

,048
,066
072
090
*037

1,519
990
970
969
1 614

139
124
133
130
170

393
410
412
422
395

278
264
393
363
224

18,810
18,488
17 957
17 718
1 7 ' 399

22,978
22,637
22 198
22 079
21 906

22,752
22,392
22 269
22*077
22*406

226
245
71
2
500

681
238
907
991

1 701
1 908
2,256
1 647

48
48
48
48

45 421
44 817
45,614
44 723

13 259
13 259
13,259
13 259

6 053
6 069
6,070
6 086

43 265
43*193
42,955
42 838

071
083
*090
091

1 027
*575
1,079
1 313

142
129
115
159

397
407
400
404

279
146
209
193

22 497
23 150
23,511
22 625

22 438
22*882
23,234
23 122

59
268
277
497

844
458
810
597

1 755
1*537
2,062
1 524

100
93
51
89

46 029
44,921
45 219
44 974

13 259
13*259
13 259
13 259

6 1 12
6,122
6 149
6 163

43 081
43; 376
43 237
43 111

103

*133
* 156

506
718
868
840

132
134
138
141

478
452
433
428

3 940 23 935
4*357 22*820
4 416 23 297
4 558 23 324

23 347
22,856
23 287
23 126

588
-36
10
198

129
622

845
552
548
392
458

1 710
1,141
2 135
1 655
1*780

70
70
73
83
131

46
45
45
45
46

174
044
990
092
281

13 259
13 259
13 259
13 259
13*159

6 {66 43 244
6 194 43 717
6 214 43 833
6*238 44*076
6*244 44 246

159
*172
* 180
189
' 151

714
791
821 |
525
299

175
148
139
146
196

430
434
416
404
399

104
41
63
46
11

18 552
18 612
19,095
18 070
19 995
18,463
18 881
18*766

4,168
4,149
4 241
4*361
4*507
3 945
4 538
4,416
4 555

4 231
4 129
4* 389
4*517
4 871

24 1 17
22*364
23 212
22*510
23 964

23 462
22*882
23 054
22 723
22 626

655
518
158
213
1 338

362
369
692
723

358
347
304
957

663
2 064
2 751
2 423

126
1 11
190
182

45
46
47
47

851
083
188
548

13
13
13
13

6 255
6*288
6 293
6*301

200
21 5
*201

197
273
312
249

205
166
1 52
168

406
414
409
41 5

4 401 22 999
4 876 23 574
4*731 24 451

22 984

15
321
580
963

49

68

151

For notes see Part A of this table.

Digitized for FRASER


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

919

159
159
159
159

44
44
44
44

485
744
go9
952

'

19 886
18*235
18*823
17*993
19 093
173 : |g 598
20 18 698
19 720
37
CO

251
256
301

'

A QfA.

'

23 871

'

a
i
dd

10.1 MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMSContinued
D. WEDNESDAY FIGURES, 1941-70Continued
[In millions of dollars]
Reserve Bank credit outstanding

F
U.S. Government securities
Date
Tota!

Bought
outright

Discounts
Repurand
chase
adagree- vanees

Float

All
other 3

Gold
stock

Total

Treasury
currency
outstanding

Currency
circulation

Treasury
cash
holdings

Deposits, other than member bank reserves,


i Other
with F, R. Banks
Federal
Reserve
2
ForacTreasOther
eign
counts
ury

ments

Member bank reserves

with
F. R.
Banks

Currency
and
coin 5

Tota!

Required

Excess

1967
4
11
18
25

43,920
44,013
43,893
44,190

43,920
44,013
43,604 ""289"
240
43,950

199
439
335
412

2,358
1*871
1,629

227
201
113
76

46,704
46,330
46,212
46,307

Feb. 1
8
15
22

43,689
44,541
44,778
44,652

43,689
43,987
43,987
43,893

63
827
364
387

1,733
2,342
1,612
1,534

74
126
127
176

45,559
47,836
46,881
46,749

Mar. 1
8
15
22
29

43,971
45,288
44,622
44,879
44,529

43,971
44,350 ""938*
44,295
327
401
44,478
44,529

115
327
278
111
39

,518
,393
,528
,521
,260

109
143
70
68
100

Apr

45,308
44,982
45,385
45,383

44,858
44,693
45,245
45,075

450
289
140
308

539
920
213
481

,497
,383
,551
,390

46,146
May 3
45,794
10
17 ,, .. 45,511
45,530
24
46,066
31

45,612
45,404
45,316
45,530
45,743

534
390
195

159
68
178
55
415

45,919
45,353
46,287
46,178

45,919
45,353
45,815
46,178

July
5 . . . 47,094
u y ^....
46,760
46,309
19
46,854
26

46,975
46,760
46,309
46,B54

Aug 2
9 .....
16
23
30

46,804
46,804
46,604
46,504
46,169

46,804
46,804
46,604
46,504
46,169

Sept. 6
13
20
27......

47,061
45,885
46,055
46,702

46,607
45,885
46,055
46,702

Oct. 4. . . . . .
11
18......
25

47,319
47,991
47,592
47,113

47,319
47,319
47,292
47,113

Jan

5
12
19
26

June 7
14
21
28

Digitized for FRASER


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

554
791
759

323
""472"

119

454

672
300

^d

ud
C/5
W

13,159
13,159
13,159
13,159

6,308
6,349
6,349
6,357

44,624
44,340
43,839
43,469

1,211
1,216
1,232
1,246

267
838
608
416

153
132
175
148

446
440
427
424

-30
170
217
345

19,500
18,702
19,223
19,776

4,674
4,786
4,709
4,669

24, 174
23,488
23,932
24,445

24,372
24,156
23,311
23,392

-198
-668
621
1,053

13,159
13,159
13,159
13,109

6,387
6,394
6,410
6,421

43,377
43,596
43,674
43,656

1,232
1,262
1,262
1,249

594
489
641
398

152
135
127
129

431
448
427
448

356
438
565
615

18,964
21,021
19,754
19,785

4,482
4,143
4,540
4,480

23,446
25,164
24,294
24,265

23,837
23,532
23,322
23,344

-391
1,632
972
921

45,713
47,151
46,498
46,579
45,928

13,109
13,109
13,109
13,109
13,109

6,438
6,454
6,471
6,483
6,504

43,573
43,744
43,788
43,759
43,725

1,263
1,283
1,301
1,322
1,335

475
181
452
297
677

133
123
128
134
134

451
447
455
431
454

610
749
595
599
597

18,755
20,187
19,358
19,630
18,619

4,511
4,123
4,490
4,390
4,685

23,266
24,310
23,848
24,020
23,304

23,501
22,907
23,367
23,289
23,187

-235
1,403
481
731
117

dW

158
124
105
187

47,502
47,409
47,254
47,441

13,109
13,109
13,109
13,109

6,494
6,519
6,543
6,561

43,849
43,999
43,889
43,805

1,334
1,350
1,374
1,386

418
549
762
840

123
143
128
118

456
470
464
464

655
488
502
512

20,270
20,037
19,787
19,986

4,030
4,474
4,463
4,635

24,300
24,511
24,250
24,621

23,078
23,086
23,444
23,264

1,222
1,425
806
1,357

HH
H
W

,385
,273
,604
,282
,248

186
156
122
101
70

47,876
47,291
47,415
46,968
47,799

13,109
13,109
13,109
13,109
13,109

6,575
6,572
6,586
6,581
6,605

43,959
44,171
44,175
44, 108
44,443

1,400
1,406
1,413
1,403
1,356

974
1,148
1,008
1,170
574

138
124
126
122
193

464
479
439
436
443

527
542
837
835
870

20,098
19,102
19,112
18,584
19,634

4,268
4,319
4,397
4,591
4,395

24,366
23,421
23,509
23,175
24,029

23,436
23,091
22,995
22,785
22,632

930
330
514
390
1,397

90
88
436
128

,267
,378
,331
,231

105
73
78
132

47,381
46,892
48,132
47,669

13,109
13 1 109
13,109
13,109

6,596
6,596
6,609
6,606

44,606
44,669
44,651
44,779

1,387
1,392
1,394
1,369

427
247
755
1,215

130
142
128
127

457
442
460
455

736
508
538
437

19,343
19,197
19,924
19,001

4,262
4,553
4,620
4,756

23,605
23,750
24,544
23,757

22,970
23,091
23,576
23,212

635
659
968
545

11
.3

,489
,617
,753
,628

138
157
81
81

48,810
48,610
48,195
48,685

13,109
13,109
13,109
13,109

6,619
6,599
6,612
6,622

45,180
45,300
45,052
44,900

1,492
1,472
1,480
1,494

289
1,175
1,155
1,324

174
135
120
97

519
493
481
466

399
360
402
259

20,485
19,383
19,226
19,876

3,928
4,743
4,702
4,717

24,413
24.126
23,928
24,593

23,500
23,856
23,831
23,708

913
270
97
885

512
261
255
47
60

,359
,225
1,502
1,320
1,212

81
130
77
71
65

48,756
48,420
48,438
47,942
47,506

13,059
13,059
13,059
13,059
13,009

6,634
6,642
6,658
6,683
6,704

44,943
45,164
45,162
45,026
45,054

1,485
1,495
1,507
1,492
1,508

1,323
917
971
1,136
1,328

127
116
128
133
116

475
467
465
437
452

219
221
234
221
108

19,877
19,741
19,689
19,239
18,653

4,518
4,376
4,551
4,634
4,817

24,395
24,117
24,240
24,873
23,470

23,959
23,551
23,536
23,352
23,269

436
566
704
521
201

139
38
32D
171

1,5611
1,522
1,617
1,328

62
58
54
160

48,830
47,503
48,046
48,361

13,009
13,009
13,009
13,009

6,717
6,730
6,739
6,760

45,412
45,441
45,191
45,109

1,496
1,485
1,498
1,523

111
276
713
711

164
124
125
159

457
493
459
450

133
11
26
47

20,783
19,412
19,781
20,132

4,138
4,819
4,693
4,854

24,921
24,231
24,474
24,986

23,554
23,473
24,093
24,134

1,367
758
381
852

138
118
137
64

1,431
1,262
1,772
1,257

188
148
61
54

49,076
49,519
49,562
48,488

13,009
13,009
13,009
13,009

6,758
6,778
6,781
6,794

45,280
45,625
45,591
45,421

1,497
1,490
1,480
1,490

525
914
1,139
934

134
129
152
133

478
510
462
461

73
102
-192
-219

20,857
20,536
20,720
20,070

4,368
4,611
4,655
4,859

25,225
25,147
25,375
24,929

24,299
24,687
24,604
24,414

926
460
771
515

hrt
c/3
>
<,
2
D
>d
S
L
r*j

Nov 1
8
15
22
29

47 556
47,713
47,830
48,176
48,545

47,556
47,713
47,713
48,176
48 , 501

Dec 6
13
20
27

48,853
48,853
48,740
49,205

48,853
48,853
48,740
48,983

44

151
169
146
90
136

1,366
1,094
1,539
1,497
1,354

54
54
54
54
59

49,127
49,030
49,569
49,817
50,094

12,909
12,909
12,909
12,909
12,909

6,778
6,781
6,782
6,782
6,789

45,472
45,853
46,038
46,343
46,488

1,475
1,477
1,465
1,457
1,462

908
599
1.183
933
1,768

131
137
140
175
147

473
474
456
432
414

-210 20,565
-231 20,411
7 19,971
-352 20,520
-198 19,712

4,711
4,345
4,759
4,770
5,178

25 276
24,756
24,730
25,290
24,890

24 737
24,344
24,357
24,423
24,465

539
412
373
867
425

222

124
156
419
341

1,609
1,689
2,282
2,105

118
135
74
153

50,704
50,833
51,515
51,804

12,434
12.434
12,434
12,434

6,773
6,772
6,783
6,784

46,822
47,103
47,103
47,538

1,441
1,455
1,434
1,386

1,030
658
724
352

145
136
168
131

440
440
417
428

90
-214
-290
-272

19,944
20,461
20,978
21,459

4,617
5,131
5,053
5,121

24,561
25,592
26 031
26,580

24,580
24,669
25,226
25,345

-19
923
805
1,235

199
70
1,048
308
843

2,606
1,928
1,965
1,388
1,416

164
73
108
115
83

52,516
50,586
52,144
50,856
51,434

11,984
11,984
11,984
11,984
11,984

6,787
6,780
6,782
6,785
6,789

47,154
46,759
46,382
46,005
45,819

1,389
,395
,398
.397
,338

730
1.471
880
1,008
1,153

161
165
144
160
160

503
485
487
462
463

-723
-665
-523
-451
-564

22,073
19,740
22,142
21,044
21,838

5,221
5,057
4,968
5,031
5,025

27 294
24,797
27,110
26,075
26,863

25 745
25,146
25,745
25,438
25,504

1 549
-349
1,365
637
1,359

ii?

1968
Jan

3
10
17
24
31

49,547 49,251
48,815 48,515
49,023 48,617
49,045 49,045
49,092 48,855

296
406
237

Feb 7
14
21
28

49,327
48,449
48.488
48,785

48,925
48,155
48,488
48,785

402
294

236
92
818
257

1,263
,398
,529
,510

63
90
58
56

50,889
50,029
50,893
50,608

11,884
11 884
11,884
11 884

6,787
6 791
6,795
6 797

45,933
46 021
45,940
45 862

,352
*.337
,324
321

1,019
1 314
1,086
922

148
157
130
166

437
471
450
441

-570
-735
-447
-533

21,240
20,140
21,089
21,110

4,437 25,677
4 861 25 001
4,811 25 900
5 012 26 122

25,472
25 032
24,974
25 515

205
-31
926
607

Mar 6
13
20
27

49,251
49,081
49,847
49,495

49,072
49,081
49 847
49,495

179

824
187
343
1,405

,497
,693
,576
,370

56
56
56
100

51 628
51,017
51 822
52^370

11 884
11,434
10 484
10 '484

6 793
6,799
6 800
6 '799

46
46
46
46

100
315
257
265

291
,270
145
131

818
920
740
965

161
139
207
161

488
463
466
475

421
-639
614
-603

21,867
20,782
20 905
21,258

4 209
4 752
4 698
4 908

26
25
25
26

076
534
603
166

25 466
25*245
25 429
25 188

610
289
174
978

Apr 3
10
17
24

50,299
49,875
50,206
49,310

49,753
49,875
50,057
49,310

546

670
335
630
709

,414
,813
,752
,411

118
108
56
56

52,501
52,131
52,644
51,486

10
10
10
10

484
484
484
484

6 797
6,797
6 798
6,797

46
46
46
46

535
899
871
540

131
,129
130
,131

396
727
499
1 585

165
163
116
158

627
543
527
485

561
-556
614
-585

21,489
20,507
21 398
19,453

4 597
4 611
4 935
5 034

26
25
26
24

086
118
333
487

25 324
25,164
25 850
25, 142

762
-46
483
-655

May 1
8
15
tf.
22
00
29

50,910
.... 50,310
50,686
50,402
50,525

50,242
50,069
50,069
50,402
50,525

668
241
617

728
272
908
390
567

,501
,376
,678
,431
!,466

115
101
80
56
53

53,254
52,059
53,352
52,279
52,611

10 484
10,484
10 484
10,384
10 384

6,795
6,792
6,794
6,793
6 792

46 612
46,903
47 015
46,935
47 228

,112
,103
068
,058
044

732
1,265
1 146
1,155
950

165
133
154
141
191

504
480
503
448
459

-690
-690
-472
-467
527

22,098
20,141
21,215
20,186
20,442

4,827
4,485
4 855
4,840
5 015

26 925
24,626
26 070
25,026
25 457

25,697
25,252
25.047
25,158
25 023

1,228
-626
1,023
-132
434

June 5
12
19
26

50,686
51,457
51,699
52,032

50,686
50,742
51,497
51,879

432
539
1,952
412

,617
,572
,780
,641

52
108
103
129

52,787
53,676
55 534
54,214

10 367
10,367
10 367
10,367

6 796
6,791
6 781
6,735

47 473
47 652
47 622
47,646

015
,001
973
905

396
505
1 177
1,017

164
143
160
198

470
453
459
496

818
-866
16

21 251
21,945
22 307
21,049

4 483
4.798
4 943
5,067

25 734
26 743
27 250
26,116

25 323
25,280
25 721
25,564

411
1,463
I 529
552

July

3
10
17
24
31

52,230
52,038
52,318
51,904
52,397

52,230
52,038
52,318
51,904
52,397

505
363
921
765
736

,820
.742
,189
774
,648

58
58
135
58
99

54,613
54,201
55,563
54 501
54,880

10 367
10 367
10,367
10 367
10,367

6,722
6 726
6,728
6 716
6,723

48
48
48
48
47

205
381
219
001
972

849
833
836
839
822

1 148
897
969
973
1 113

261
155
135
165
202

525
466
480
459
479

-393
535
-494
421
-320

21,107
21 097
22,513
21 568
21 702

4 694
4 922
4 980
5 024
5 096

25
26
27
26
26

801
019
493
592
798

25,685
25 436
26,032
25 960
25 908

116
583
1,461
632
890

Aug. 7
14
21
28

52,798
52,521
52,894
52,618

52,160
52 212
52,750
52 618

514
291
416
537

,596
746
,866
554

128
98
52
52

55
54
55
54

367
367
367
367

6,729
6 731
6 737
6 739

48 254
48 379
48*288
48 353

823
812
807
808

358
931
1 046
999

214
216
125
132

467
491
450
459

-299
389
41
51

22 315
21 315
21*575
21 073

4 456
4 933
4 896
5 157

26 771
26 248
26*471
26 230

25 903
25 574
25*710
25 605

868
674
761
625

p 4
Sept.
18
25

11:

52,796
50,952
50,395
52,405

52,796
50,952
50,395
52,405

445
115
355
1,565

,661
,715
2,320
1,789

52
51
49
49

54,954
52,833
53,119
55 808

10 367
10,367
10,367
10 367

6,731 48 694
6,734 48,771
6,738 48,527
6 741 48 356

795
788
800
797

1 041
21
668
1 027

149
129
125
134

448
460
446
451

68
-71
-315
281

20 997
20,116
19,980
22 435

4 449 25 446
4,418 24,534
4,449 24,429
4 4i 26 853

-199
25,645
25,594 -1,060
25,645 -1,216
25 594
1 259

2
9
16
23
30

53,153
52,606
53,409
53,824
53,561

53 153
52,606
53,204
53,425
53,362

316
289
191
1,102
514

1 982
1,728
2,140
1,689
1,750

54
54
99
72
57

55 505
54,677
55,839
56 687
55,882

10 367
10 367
10.367
10 367
10,367

6 747
6,751
6,757
6 760
6,769

48 475
48 794
48 860
48 695
48,706

789
795
760
780
784

1 178
1*295
1 047
1 031
1,155

170
112
136
136
127

470
481
486
439
427

257
258
-369
392
-388

21 800
20*576
22 043
23 125
22,207

4 584
4*683
4 609
4 199
4,528

26 384
25*259
26 652
27 324
26,735

382
26 002
26 270 -1 Oil
50
26,602
850
26 474
367
26; 368

Nov. 6
13
20
27

53,649
53,728
52,391
53,214

53,475
53 728
52,391
53,214

534
156
142
1,195

1,536
1 861
2,493
1,995

59
61
61
60

55,778
55 806
55,087
56,464

10 367
10 367
10 367
10,367

6,782
6 788
6 797
6,803

49
49
49
50

163
561
558
034

777
754
777
775

1 044
807
643
441

136
139
155
252

434
356
440
496
414
424
432 1 029

21 729
21 756
21*108
22 730

4 590
4 731
4*312
4 417

26 319
26 487
25*420
27 147

157
26 162
46
26 533
26 731 1,311
738
26*409

Dec. 4
11
18
25

52,646
51,413
51,000
52,606

52,646
51,413
51,000
52,382

121
273
968
332

2,571
2 645
3,838
3 557

60
60
55
81

55,398
54,391
55,861
56 576

10 367
10 367
10,367
10 367

6,809
6 805
6,810
6 814

50 294
50 657
50,789
51 023

768
749
752
763

649
58
442
168

225
212
228
226

446 1 016
426
1*062
448 -1,214
490
1 141

21 207
20 524
21,592
22 228

4 628
4 736
4*. 689
4 691

25 835
25 260
26^81
26 919

-545
26 380
26 409 1 149
-439
26^720
107
26 812

v-h

Oct

149

715
202
153

638
309
144

205
399
199
174

224

For notes see Part A of this table.

Digitized for FRASER


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

036
656
228
761

10
10
10
10

MEMBER BANK RESERVES AND RELATED ITEMS

10.1 MEMBER BANK RESERVES, RESERVE


D. WEDNESDAY FIGURES,
[In millions
Reserve Bank credit outstanding
U.S. Gc)vernment ssxurities

Discounts
and
advances

Float ^

All
other < J

186
180
958
862
928

3,443
2,990
2,782
2,625
2,342

58
57
53
50
50

1,154
1,107
460
499

2,195
2,907
2 145
2,592

49
$6
156

746
734
832
997

2,613
2,094
2,482
2,108

51
49
84
74

607

1,072
658
922
1,232
2,531

2,080
2,078
2,590
2,148
2,276

125
52
52
102
142

.
&
m

939
560
1,103
1,649

2,041
1,984
2,004
1,657

Date
Total

Bought
outright

52,937
52,722
52,187
52,484
52,325

52,937
52,722
52,187
52,484
52,325

Repurchase
agreements

Other
F.R.
assets

Total

..........

56,624
55 949
55 980
56,021
55 645

10,167
10,167
10,167
10,167
10,167

6,795
6,799
6,801
6,804
6,806

55 460
56,162
55,288
55,089

10,367
10,367
10,167
10,167

6,804
6,807
6,812
6,815

55,486
54,874
55,409
55,194

10,167
10,167
10,167
10,167

6,815
6,816
6,821
6,826

2,812
2,866
2,965

55,618
55,271
58 , 301
58 , 664
61,106

10,167
10,167
10,367
10,367
10,367

6,828
6,747
6,747
6,754
6,719

96
94
104
97

2,840
3,571
2,748
2,510

58,698
57,881
59,612
59,442

10.367
10,167
10,167
10,367

6,712
6,737
6,741
6,743

StOi'k

1969
Jan.

!
.

1
8
15
22 .
29

treasury
currency
outstanding

Gold

Feb.

5...
12...
19
26

52,062
52,062
52,327
51,947

52,001
51,901
52,167
51,947

Mar.

5
12
19
26

52,076
51,997
52,011
52,015

52,076
51,997
52,011
51,905

Apr.

2
9...
16
23
30 . . , ,

52,341
52,485
51,907
51 116
53,192

52,016
52,485
51,907
52,316
52,585

61
161
160

no"
325

"

..........

51

..........

May

7. .
14
21
28

52,782
51,672
53.653
53,509

52,616
51,506
53,067
53,328

June

4. . , ,
It . . . . . . . . .
18............
25

53,833
53,798
52.963
53,206

51 831
53,798
52 961
53,206

928
501
769
1,347

? 154
2,167
2,471
2,316

44
46
44
43

2,477
2 , 592
2,670
2,706

59,616
59 , 1 04
58,917
59,618

10,367
10,367
10,367
10,167

6,741
6,744
6,747
6,750

July

2...
9
16.
23
30

54,095
53,715
54,821
53 669
52,983

54,095
51,715
54,565
53,669
52,983

561
659
2,087
1,016
985

2,408
2,636
2,674
2,348
2,186

41
41
61
41
41

2,656
2,716
2,609
2,671
2,710

59,761
59,767
62,252
59 , 745
58,905

10,167
10,367
10,167
10,167
10,167

6,740
6,719
6,734
6,735
6,736

Aug.

6
13 .
20
27 . . .

54,881
53,947
54,397
54,927

54,138
53,834
54 , 397
54,681

246

1,152
370
1,125
1,465

2,328
2,201
2,308
2,075

87
41
41
60

2,616
2 , 674
2,831
2,716

61 ,064
59,211
60,702
61,241

10,167
10,167
10,367
10,367

6,738
6,717
6,734
6,755

Sept.

3
10
17
24

54,459
52,756
52,804
53,968

54,459
52,756
52,804
53 , 622

346

69B
340
657
1,525

2,355
2,350
3,009
2,313

40
37
37
60

2,911
2,971
2,969
3,285

60,463
58 , 454
59,476
61,151

10,167
10,167
10,367
10.167

6,755
6,758
6,760
6,761

Oct.

1
8 ....
15
22
29

53,845
54,349
55,398
53,893
54,783

53 , 845
54,038
54,874
53,893
54,783

1,181
788
1,183
585
1,175

2,181
2,182
2,117
2,560
2,126

37
62
87
40
40

3 , 259
3,165
3,140
3,110
3,019

60 , 501
60,546
61,025
60,188
61,141

10,167
10,167
10,367
10,167
10,167

6,77*)
6,782
6,781
6,787
6,802

56,254
56,297
56,803
56,708

55,746
56,297
56,803
56,708

508

1,204
695
652
1,146

1,997
1,698
3,000
2,296

61
42
45
50

2,997
2,907
2,009
2,019

62,511
61,619
62 , 509
62,219

10,167
10,167
10,167
10,367

6,801
6,805
6,814
6,818

57,832
57,153
57,584
57,609
57,154

57,656
57,153
57,229
57,160
57,154

176

814
666
683
722
183

2,649
2,616
3,429
3,548
3,440

61
58
103
101
64

2,043
2,082
2,257
2,264
2,743

63,399
62,575
64,056
64,244
63,584

10,167
10,167
10,167
10,167
10,367

6,829
6,839
6,844
6,846
6,849

. . . .

Nov.

5
2 . ..
19...
26...

Dec.

3 ,
10........
17
24 .
31

,. .

256
743
113

311
524

355
449

For notes see Part A of this table.

Digitized for FRASER


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

586

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMSContinued


1941-70Continued
of dollars]

Deposits, other than member bank reserves,


with F. R. Banks

Currency
in
circulation

Treasury
cash
holdings

50,960
50,340
49,865
49,406
49,148

695
765
767
768
763

703
762
613
337
498

216
216
230
196
124

747
469
511
496
473

49,209
49,480
49,348
49,197

768
765
763
767

414
1,163
449
615

49,370
49,590
49,614
49,541

742
732
724
715

49,323
49,979
49,869
49,667
49,642

Other
Federal
Reserve
accounts

Other
F. R.
liabilities
and
capital

Member bank reserves


Date

With
F. R.
Banks

Currency
and
coin 5

Total

-1,353
-1,184
-1,220
-1,222
-1,123

21,818
21,748
22,381
23,211
22,935

4,921
4,810
5,529
5,024
5,035

26,739
26,558
27,910
28,235
27,970

-700
27,439
27,798 -1,240
-462
28,372'
28,075
160
584
27,386

119
133
119

no

481 -1,004
508 -1,106
-779
474
-846
492

22,644
22,394
22,093
21,936

4,821
4,881
4,485
4,453

27,465
27,275
26,578
26,389

27,204
27,044
27,229
26,896

261
231
-651
-507

355
420
552
502

149
137
159
137

-730
498
-918
468
-986
462
448 -1,022

22,284
21,628
22,072
22,066

4,627
4,704
4,370
4,376

26,911
26,332
26,442
26,442

26,783
26,521
26,626
26,359

128
-189
-184
83

720
707
710
709
661

400
7
7
749
950

145
152
130
124
130

529
559
528
455
458

1,808
1,880
1,970

22,113
21,742
22,365
22,202
24,377

4,487
4,636
4,541
4,196
4,619

26,600
26,378
26,906
26,398
28,996

26,439
161
26,378
435
26,471
27,414 -1,016
27,584 -1,412

49,923
50,074
50,048
50,419

692
690
677
683

404
971
382
436

161
115
140
117

442
440
420
424

2,017
1,837
1,941
1,994

22,157
20,859
23,112
22,479

4,665
4,708
4,265
4,484

26,822
25,567
27,377
26,963

27,730
-908
27,548 -1,981
27,658
-281
-655
27,618

50,607
50,845
50,809
50,787

687
678
671
675

297
899
1,352
1,547

110
91
106
106

432
435
441
458

2,078
2,127
1,927
1,967

22,535
21,140
20,724
21,195

4,543
4,722
4,415
4,440

27,078
25,862
25,139
25,635

-200
27,278
26,999 - ,137
26,943 - ,804
26,781 - ,146

51,294
51,592
51,444
51,199
51,118

656
638
656
672
683

995
1,104
1,088
1,092
1,227

150
139
116
138
121

517
487
462
451
465

2,046
2,106
1,939
1,977
2,028

21,212
20,807
23,648
21,318
20,366

4,662
4,801
4,748
4,310
4,824

25,874
25,608
28,396
25,628
25,190

27,006
27,067
27,125
26,784
26,449

- ,132
- ,459
,271
-1,156
-1,259

"I":::::::"':::::July 1692

51,403
51,510
51,436
51,449

654
672
684
693

585
1,100
956
953

153
141
116
138

468
486
484
482

2,148
1,922
1,988
2,059

22,758
20,506
22,139
22,591

4,729
4,872
4,393
4,608

27,487
25,378
26,532
27, 199

26,795
692
26,630 -1,252
-570
27,102
491
26,708

Aug. 6
13
20
27

51,753
51,731
51,521
51,292

679
687
685
682

748
8
185
1,203

178
96
143
149

513
439
431
439

2,145
2,199
1,942
2,005

21,568
20,419
21,696
22,508

4,655
4,838
4,671
4,659

26,223
25,257
26,367
27,167

26,549
-326
26,552 -1,295
26,693
-326
26,733
434

::::::*::::::. Sept. 10173

Treasury

Foreign

Other

Required

Excess

1969

-817
-759

Jan.

. , , . .Feb.

1
8
15
22
29
5
12
19
26

Mar. 5
12
19
26
Apr.

2
9
16
23
30

May

7
14
21
28

. . .
. .

..
.

June 4
11
18
25

23
30

....

24

51,356
51,809
51,998
51,798
51,783

658
668
677
669
663

1,058
1,148
784
1,330
1,055

134
123
142
109
119

476
503
484
449
462

2,095
2,173
1,993
2,042
2,103

21,872
21,271
22,995
20,945
22,127

4,813
4,842
4,818
4,367
4,652

26,685
26,113
27,813
25,312
26,779

27,093
-408
27,041
-928
27,177
636
27,457 -2,145
27,092
-313

.Oct.

52,138
52,617
52,655
53,015

677
669
665
661

1,027
874
1,099
853

208
106
147
109

471
448
398
427

2,221
2,007
2,087
2,167

22,942
22,091
22,639
22,173

4,767
4,924
4,598
4,569

27,709
27,015
27,237
26,742

27,323
27,342
27,822
27,469

386
-327
-585
-727

.Nov. 5
12
19
26

53,253
53,555
53,684
54,029
53,950

659
657
667
657
596

1,267
1,116
861
1,058
1,312

113
104
128
168
134

465
416
450
521
807

2,286
2,316
2,110
2,163
1,919

22,553
21,617
23,367
22,861
22,085

4,835
4,927
4,939
4,838
5,187

27,388
26,544
28,306
27,699
27,272

27,539
27,489
27,926
27,613
28,173

-151
-945
380
86
-901

Digitized for FRASER


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

587

Dec.

1
8
15
22
29

3
10
17
24
31

MEMBER BANK RESERVES AND RELATED ITEMS


10.1

MEMBER BANK RESERVES, RESERVE

D. WEDNESDAY FIGURES,
[In millions
Reserve Bank credit outstanding
U.S. G(>vernment st curities

Date
Total

Bought
outright i

Repurchase
agreements

Discounts
and
advances

Float

Other
F. R.
assets

All
other 3

Total

Gold
stock

SpL-cui'
drawing
rights
cert if.
acct.

Treasury
currency
outstanding

1970
163
1,004
2,030
1,071

3,814
3,145
3,341
2,692

64
63
63
60

2,704
1,877
1,862
2,012

63,436
61,788
63,451
61 ,403

10,367 . . . . . . _, _
11,367
200
11,367
2m)
11,367

6,860
6,856
6,856
6,854

787
667
828
206

1,187
997
663
873

3,021
2,200
2,534
1,955

104
128
139
85

1,852
1,829
1,572
1,802

62,468
61,365
61 ,279
60,464

11,367
11,367
11,367
11,367

200
200
3CK)
300

6,866
6,854
C>,H72
6,879

2,536
2,097
2,777
2,237

56
53
81
76

2,007
2,034
2,171
2,101

60,115
59,602
62,097
61,629

11,367
11,367
1 1 , 367
11,367

300
3(X>
400
400

6,886

345
89

452
496
621
1,594
612
445
1,436
1,351
926

2,964
2,850 !
3,126
3,078
2,815 !

88
58
116
123 !
58

2,159
2,173
2,210
2,254
2,251

61,858
61,090
63,268
62,884
62,135

11,367
11,367
11,367
11,367
11,367

400
41)0
400
400
400

6,907
6,912
6,922
6,926
6,934

532
850
535
979

3.074
2,818
2,901
2,464

114
54
5046

2,090
2,108
,368
,179

63,667
63,015
62,224
61,783

11,367
11,367
11,367
11,367

400
400
400
400

6,952
6,966
6,971
6,978

1,335
834
459
840

2,782
2,184
3,622
2,490

65
38
38
34

,215
,261
,414
,541

63,095
61,869
63,356
61,910

11,367
11,367
11,367
11,367

400

4m
400
400

6,989
6,994
6,999
7,008

923
1,598
2,036
1,216
820

2,688
2,748
2,819
2,794
2,334

34
34
132
37
37

,361
,399
,233
,284
,330

62,720
63,450
65,059
63,469
62,859

11,367
11,367
11,367
11,367
1 1 , 367

400
400
400
400
400

7,009
6,988
6,988
6,991
6,999

993
393
265

643
461
847
1,044

2,447
2,292
2,529
2,417

75
37
67
37

,392
,424
,207
,087

64,147
63,457
64,423
64,203

11,367
11,367
11,367
11,367

400
400
400
400

6,999
7,003
7,010
7,013

354

843
491
210
1 373
852

2,256
2,689
3,143
2,904
2,313

70
39
39
36
87

,126
,196
,293
,238
,678

64,590
64,223
63,719
65,245
64,9B5

11.367
11,367
11,367
11,117
11,117

400
4CK)
400
400
400

7,040
7,047
7,049
7,050
7,060

302
912
1,279
418

2,893
2,513
2,949
2,984

36
69
46
36

,723
,776
,762
,821

64,320
65,337
65,671
64,542

11,117
U,U7
11,117
11,117

400
400
400
400

7,064
7,069
7,073
7,080

584
553
325
1,144

2,587
2,867
3,339
2,650

64
36
107
63

,613
,670
,019
,037

64,758
63,912
65,504
66,103

11,117
11,117
11,117
11,117

400
400
400
400

7,096
7,099
7,101
7,106

312
285
933
620
252

2,885
2,658
3,281
3,770
3,939

183
41
185
56
56

964
,013
,042
1,070
1,110

67,078
63,934
68,385
67,223
65,989

11,117
11,117
11,117
11,117
11,117

400
400
400
400
400

7,113
7,116
7,174
7,179
7,147

Jan.

7 .
14
21. .
28

56,691
55,699
56,155
55,568

56,691
55,699
56,155
55,568

Fob

4
11
18
25

56,304
56,211
56,371
55,749

55,517
55,544
55,543
55,543

Mar

4
11
18
25

35,064
34,922
56,447
55,621

55,064
54,922
56,102
55,532

1
8
15
22
29

56,035
55,564
36,380
56,078
56,085

55,785
55,564
55,876
55,580
56,085

57,857
37,185
57,370
57,115

57,490
57,185
57,370
57,115

367

June 3
10
17
24

57,698
57,552
57,823
57,005

57,344
57,552
57,823
57,005

354

July

57,714
57,671
58,839
58,138
58,338

57,714
57,671
57,671
58,138
58,338

1,168

59,590
59,243
59,773
59,618

58,597
58,850
59,508
59,618

60,295
.19,808
59,034
59,694
60,055

59,941
58,808
59,034
59,694
59,600

59,366
60,067
59,635
59,283

59,366
59,366
59,309
59.283

59,910
58,786
60,714
61,209

59,528
58,786
60,097
60,494

62,734
59,937
62,944
61,707
60,632

61,142
59,937
61,337
61,707
60 632

Apr

May 6

".'.

20
27

1
15
22
29

AUP. 5
12
19. ..
26
1
Sept.

Oct.

2cj
16.
23
30

.,

7
14
21
28

Nov. 4
11. ..
18,
25
Dec. 2 .
9
16
23
30

..

250
504
498

455
701
326
382

6i7
715
1,592
1,607

For notes see Part A of this table.

Digitized for FRASER


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

588

6,m
6,887
6,900

MEMBER BANK RESERVES AND RELATED ITEMS

BANK CREDIT, AND RELATED ITEMSContinued


1941-70Continued
of dollars]

Currency
in
circulation

Treasury
cash
holdings

Deposits, other than member bank reserves,


with F. R. Banks

Treasury

Foreign

Other

Other
F. R.
liabilities
and
capital

Member bank reserves

With
F. R,
Banks

Currency
and
coin 5

Date
Total

Required

Excess

1970

53,385
52,889
52,380
52,080

679
652
660
643

1,057
1,194
1,132
1,256

52,108
52,335
52,207
52,224

620
613
605
602

52,223
52,546
52,565
52,553

229
122
121
158

503
703
706
701

1,978
2,037
2,076
2,127

22,831
22,615
24,800
22,859

4,996
5,531
5,399
5,276

27,827
28,146
30,199
28,135

28,455
28,957
29,201
28,409

-628
-811
998
-274

1,205
1,019
872
900

178
136
187
228

681
753
773
837

2,236
2,299
2,091
2,125

23,873
22,641
23,083
22,094

5,055
5,093
4,775
4,632

28,928
27,734
27,858
26,726

28,203
27,792
27,812
27,404

725
-58
46
-678

594
575
575
581

1,058
1,173
1,048
1,479

174
214
180
194

764
740
832
815

2,204
2,250
2,062
2,106

21,651
20,660
23,489
22,568

4,824
4,929
4,730
4,510

26,475
25,589
38,219
27,078

27,266
27,165
27,486
27,381

52,712
52,958
53,086
52,947
53,024

578
577
570
570
564

1,057
1,009
869
941
1,367

212
144
152
189
224

908
901
926
885
869

2,185
2,235
2,017
2,070
2,138

22,880
21,945
24,337
23,976
22,650

4,706
4,849
4,885
4,539
4,810

27,586
26,794
29,222
28,515
27,460

53,463
53,725
53,603
53,739

552
549
551
532

1,323
1,691
742
1,305

168
232
141
109

869
955
813
813

2,297
2,072
2,153
2,227

23,713
22,524
22,959
21,803

4,901
4,951
4,554
4,780

53,978
54,310
54,347
54,223

528
511
495
475

1,253
880
1,092
1,136

131
117
197
246

815
795
797
815

2,335
2,377
2; 152
2,208

22,811
21,640
23,042
21,581

54,475
55,050
55,003
54,719
54,587

444
439
457
461
464

900
1,059
1,133
981
1,038

185
160
173
180
171

813
864
696
770
767

2,284
2,339
2,143
2,182
2,234

54,848
55,060
54,932
54,730

459
446
451
463

754
1,043
1,041
937

169
207
172
189

804
916
877
749

54,857
55,410
55,187
54,804
54,776

471
471
472
456
447

967
1,107
996
1,032
1,238

151
157
126
138
136

55,135
55,408
55,202
55,115

472
456
460
472

660
899
1,153
1,271

55,435
56,029
56,060
56,333

455
453
463
453

56,504
56,946
57,190
57,534
57,365

458
441
431
423
403

Jan

7
14
21
28

. Feb.

4
11
18
25

-791
-1,576
733
-303

Mar

4
11
18
25

27,469
27,535
28,167
28,221
28,024

117
-741
10,55
294
-564

Apr.

1
8
15
22
29

28,614
27,475
27,513
26,583

28,242
27,727
27,894
27,296

372
-252
-381
-713

y
Mav

n206

4,898
5,028
4,801
4,634 '

27,709
26,668
27,843
26,215

27,432
27,341
27,434
27,191

277
-673
409
-976

22,396
22,294
24,210
22,934
22,364

4,999
5,113
5,135
4,428
5,115

27,395
27,407
29,345
27,362
27,479

27,554
27,780
28,013
28,182
28,044

2,356
2,111
2,193
2,252

23,523
22,444
23,533
23,664

5,081
5,219
4,841
4,853

28,604
27,663
28,374
28,517

757
743
757
725
725

2,358
2,400
2,152
2,216
2,301

23,836
22,749
22,845
24,442
23,938

5,017
5,191
5,214
4,708
5,333

150
151
107
197

698
725
713
713

2,354
2,132
2,181
2,225

23,433
24,153
24,445
23,146

1,194
1,510
837
805

163
141
124
117

738
750
703
662

2,327
2,392
2,162
2,236

474
830
587
774
1,271

152
118
145
144
135

752
753
729
708
736

2,356
2,374
2,174
2,196
2,249

Digitized for FRASER


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

.,

:;;;:;;

27

June

3
10
17
24

-159
-373
1,332
-820
-565

July

1
8
15
22
29

27,956
28,315
28,452
28,037

648
-652
- 78
480

Aug.

5
12
19
26

28,853
27,940
28,059
29,150
29,271

28,181
28,521
28,590
28,444
28,762

672
-581
-531
706
509

Sept. 2
9
16
23
30

5,268
5,317
4,799
5,017

28,701
29,470
29,244
28,163

28,436
28,428
28,709
28,263

265
1,042
535
-100

. Oct. 7
14
21
...
28

23,059
21,253
23,773
24,120

5,182
5,348
5,110
4,890

28,241
26,601
28,883
29,010

28,338
28,454
28,604
28,299

- 97
-1,853
279
711

Nov.

4
11
18
25

25,012
21,104
25,819
24,140
22,494

5,220
5,337
5,475
5,060
5,511

30,232
26,441
31,294
29,200
28,005

28,462
28,566
28,916
29,091
29,401

1,770
-2,125
2,378
109
-1,396

. . . Dec.

2
9
16
23
30

589

. . .

MEMBER BANK RESERVES AND RELATED ITEMS

10.2 RESERVES AND BORROWINGS OF MEMBER BANKS, BY CLASS


[In millions
Central reserve city banksNew York

All member banks


Month
Total
reserves
held*

Excess
Rerequired
re- 2 serves
serves

BorrowFree
ings
reat
serves
F. R.
Banks 3

Total
reserves
held'

Central reserve city banks Chicago

f
! Bor- i
Excess ' rowFree
Total
Rerereings ! re- j
quired
at ! servet serves
re- 2 serves
held!
F. R.
serves
Banks 3 i

Excess
Required
rere- 2 [ serves
serves

844 -791
875
-829
956
-915
990 j -954
951
-918
974 -932
1,090 -1,048
1,040 -1,004
961 -927
878 -836
950
-885
801 -753

763
759
758
748
746
762
764
753
763
802
944
838

752 i
749
750
744
740
755
752
748 1
756
789
909
820

H
10
8
4
6
7
12
5
7
13
35
18

165
141
155
185
157
174 i
329
230
166
95
79
108

-154
-131
-147
-181 i
-151
-167
-317
-225
= 159
-82
-=44
=90

174
173
166
162
161
161
165
173
171
177
177
171

173 1
172
165
161
161
161
165
172
171
177
176
170

1
1
1
1

498
378
272
231
245
250
223
214
188
196
220
337

-454
-325
-216
-189
=200
196
-149
-162
-129
-137
-168
-264

795
770
783
788
797
822
833
818
824
845
865
869

787
754
768
785
791
814
807
813
810
828
855
843

8
16
15
4

-54
-12
-7
-22
-24
-20
17
-16
1
2
-1
-15

167
164
169
172
173
175
180
181
180
179
183
184

165
162
167
171
172
173
179
179
177
177
181
181

2
2

8
26
5
15
16
10
26

62
28
22
26
29
28
9
21
14
14
11
41

105
57
66
56
67
129
124
101
120
129
57
60

252
216
176
154
163
187
169
222
280
608
684
763

= 147
-159
-110
-98
-96
-58
-45
-121
= 160
=479
-627
-703

891
847
860
829
848
882
887
843
864
848
774
766

840
836
841
822
833
810
826
809
810
795
764
747

51
12
19
7
16
71
61
34
54
52
11
18

19
17
13
17
12
4
2
14
13
82
27
45

32
-5
6
-10
4
67
59
20
41
-30
= 16
-27

180
177
170
170
174
169
174
183
181
167
157
154

177
176
168
169
172
166
166
167
164
156
155
148

1,944
1,864
,840
,844
,861
,827
,798
,803
,836
,872
,896
,909

35
44
59
152
277
234
204
270
345
436
482
526

817
836
706
599
484
494
522
450
386
327
312
281

-782
-792
-647
-447
-207
-260
-318
= 180
-41
109
170
245

724
681
687
780
874
783
767
832
927
1,001
1,050
1,083

719
674
669
692
719
694
692
704
733
760
783
800

4
7
18
88
155
89
75
128
193
242
267
283

47
29
7
1
1

-43
-22
11
87
154
89
74
127
192
242
267
283

143
138
136
144
186
19
164
185
201
253
270
286

141
136
131
122
124
126
111
113
115
121
123
124

2
3
7
16
17
11
2
6
>
2
5
23
62
63
52
72
86
132
148
163

Sept. . .
Oet . .
Nov
Dee

2,516
2,291
1,847
2,040
2,069
2,160
2,221
2,331
2,451
2,557
2,599
2,588

1,932
1,874
n.a.
,661
,750
,797
,785
,765
,777
,798
,805
,822

584
417
n.a.
379
319
363
436
565
675
758
794
766

254
306
881
323
253
184
113
116
103
91
90
95

330
111
n.a.
56
66
179
323
449
572
667
704
671

1,109
860
688
867
878
861
796
837
896
893
866
828

822
786
n.a.'
717
772
792
752
735
741
744
736

286
74
n.a.
150
106
69
43
102
155
149!
130'
96

286
65
n.a.
128
105
69!
43 i
101;1
152
148
130
95

306
295
158
172
177
211
245
295
340
386
387
361

129
126
n.a.
114
124
133
144
143
143
147
149
149

178
169
n.a.
58
53
78
102
152
197
239:
238:
211

1934 Jan
Feb
Mar
Apr
May, ,
June
July
Aug, . ,
Sept. . .
Get
Nov
Dec

2,740
2,799
3,345
3,582
3,695
3,790
3,928
4,045
3S947
3,964
4,100
4,037

,875
,908
,970
2,041
2,071
2,105
2,139
2,161
2,192
2,234
2,266
2,290;

866
891
1,375
1,541
1,623
1,685
1,789
1,884
1,754
1,731
1,834
1,748

85
54
41

781
837
,334
,510
,597
,663
,771
,868
,736
,720
,824
,738

897
872
,227
,290
,323
,391
,393
,509
,440
1,461
1,506
1,468

754
794
835
838
858
867
871
878
893
902
912

147
118
432
455
485
532
526
638
562
568
604
556

147
118
432
455!
485
532!
526
638
561
567
604
556

328
335
342
372
395
419
496
501
502
457
484
445

156:
163J
163
165
177
182
189
194
198
202
204
205

171
173
179
207
217
237;
308
308
304
255
280
239

1929Jan . .
Feb
Mar
Apr
May..
June
July..
Aug
Sept
Oct
Nov. . .
Dec

2,387
2,357
2,337
2,308
2,296
2,314
2,334
2,322
2,335
2,386
2,521
2,395

2,333
2,312
2,296
2,272
2,263
2,275
2,291
2,287
2,300
2,343
2,456
2,347

53
46
41
36
33
42 i
42
36
34
42
65
48

1930 Jan
Feb
Mar
Apr
May
June

2,349
2,305
2,330
2,350
2,356
2,392
2,417
2,392
2,397
2,407
2,433
2,415

2,305
2,253
2,274
2,307
2,311
2,338
2,343
2,340
2,338
2,347
2,381
2,342

44
53
56
42
45
54
74
52
59
59
52
73

1931-=Jan
Feb
Mar
Apr...
May
June. .
July
Aug. . . .
Sept. .
Get
Nov. .
Dee

2,433
2,370
2,386
2,376
2,387
2,404
2,407
2,345
2,333
2,256
2,118
2,069

2,329
2,314
2,319
2,320
2,320
2,275
2,283
2,245
2,212
2,126
2,061
2,010

1932 Jan. ..
Feb
Mar. . .
Apr
May. .
June
July . . .
Aim
Sept
Oct. , .
Nov
Dee. . .

1,979
1,907
1,899
1,996
2,138
2,062
2,003
2,073
2,181
2,307
2,378
2,435

1933 Jan, . .
Feb
Mar . ,
Apr (
May. . .
June. .
July

J U ly

AUK
Sept
Oct
Nov..
Dec

i .

22
18
16
18
11
10
10

732;
750;

For notes see end of table.

Digitized for FRASER


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

590

!
1i
1i

9
367
22
1
1
3
1

li

BorrowFree
reings
at
serves
F. R.
Banks 3

1
1
1
1
1

63
82
119
39
37
63
48
29
20
32
27
34

-62
-81
-118
-38
-37
-f2
-48
-28
-20
-31
-26
--33

10

-8

1
3
1

2
2
2
3
2
2
3

2
3

3
1
2
2
1
1
1
4
9
3
2
j
6
6
5
4
2

3
2
2
2
1
6
15
16
7
i
-3

~3
22
61
57
46
67
82

no

148
163

23

:::....

::

- '1

178
169
n.a.
58
53
78
102
152
197
239
238
211
171
173
179
207
217
237
308
308
304
255
280
239

MEMBER BANK RESERVES AND RELATED ITEMS

OF BANK, MONTHLY AVERAGES OF DAILY FIGURES, 1929-70


of dollars]
Country banks

Reserve city banks

Month
Total
reserves
held*

Required2
reserves

Excess
reserves

Borrowings at
F. R.
Banks*

Free
reserves

Total
reserves
held*

Required2
reserves

Excess
reserves

Borrowings at
F. R.
Banks*

Free
reserves

Jan, 1929
Feb.
Mar.
Apr
May
June
July
Autt
Sept.
Oct
Nov.
Dec

793
779
770
763
760
761
764
759
759
766
771
766

781
768
761
752
751
749
755
751
753
758
761
757

12
11
9
10
9
12
9
9
6
7
9
9

356
392
423
484
446
409
399
461
494
481
511
348

-344
-381
-414
-474
-437
-397
-390
-452
-488
-474
-502
-339

657
647
642
635
630
632
640
637
641
641
630
619

627
623
619
614
612
610
619
616
620
619
610
600

29
24
23
21
18
22
21
21
21
21
20
19

260
261
259
282
311
327
314
320
281
269
332
312

-231
-237
-236
-261
-293
-305
-293
-299
-260
-248
-312
-293

767
755
759
767
768
776
790
785
784
778
788
772

755
742,
745
756
752
758
769
766
768
762
769
756

12
13
13
12
15
18
21
19
16
15
18
15

189
138
73
42
44
44
36
27
28
38
51
103

-177
-125
-60
-30
-29
-26
-15
-8
-12
-23
-33
-88

621
618
620
621
619
618
615
608
608
605
597
590

598
595
594
596
596
592
589
583
583
580
575
562

23
23
26
25
23
25
26
26
25
26
22
28

237
210
176
160
172
178
178
166
144
144
158
193

-214
-187
-150
-135
-149
-153
-152
-140
-119
-U8
-136
-165

Jan 1930
Feb.
Mar
Apr.
May
June
, . .July
Aus
Sept.
Oct
Nov.
Dec.

775
768
775
792
786
780
776
760
737
704
675
-646

756
751
758
773
765
756
751
740
718
676
658
642

20
17
17
18
22
24
26
20
19
28
17
M

67
46
27
18
24
42
38
59
99
274
343
355

-47
-29
-10
-2
-18
-12
-39
-80
-246
-326
-351

587
578
580
585
578
573
570
559
551
536
512
504

556
551
552
556
551
542
539
529
521
499
485
473

31
27
28
28
28
30
31
31
30
37
27
31

166
153
136
119
126
139
128
148
167
248
311
354

-135
-126
-108
-91
-98
-109
-97
-117
-137
-211
-284
-323

Jan. 1931
Feb
Mar.
Apr
May
June
July
Aug
Sept.
. , .Oct.
Nov
Dec.

624
615
612
605
614
630
617
612
611
609
617
625

625
606
599
592
584
582
578
576
577
581
583
581

-1
9
13
13
30
48
39
37
33
29
34
44

374
404
315
239
153
158
175
136
107
91
89
63

-375
-395
-302
-226
-123
-110
-136
-99
-74
-62
-55
-19

488
473
465
466
464
459
455
444
443
444
441
440

459
448
441
438
433
426
417
410
410
410
408
404

29
25
24
28
30
34
38
33
32
34
34
36

391
399
381
357
329
330
339
308
274
234
223
218

-362
-374
-357
-329
-299
-296
-301
-275

659
694
594
570
595
648
691
699
716
749
794
832

582
572
n.a.
499
516
528
539
538
541
550
557
571

77
122
n.a.
71
79
120
151
160
174
199
237
261

57
97
265
132
102
58
18
23
14
13
13
15

20
25
n.a.
-61
-23
62
133
137
160
186
224
246

442
441
407
431
418
441
489
501
499
529
553
567

399
390
n.a.
332
337
344
350
349
351
357
363
370

43
52
n.a.
100
81
96
140
151
148
171
190
197

893
936
1,080
1,164
1,204
1,213
1,229
1,217
1,190
1,210
1,262
1,282

588
600
613
634
643
651
663
673
685
699
712
721

305
336
467
530
561
563
566
544
505
511
550
561

10
4
3
1
1
1

295
332
464
529
560
562
566
544
505
511
549
560

622
656
696
756
773
767
810
817
814
837
849
843

380
392
399
406
413
414
420
424
431
441
448
451

242
263
297
350
360
353
390
393
383
396
401
392

Digitized for FRASER


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

591

. .

-200
-189
-182

Jan. 1932
Feb.
Mar.
Apr
May
. June
July
... .Aug.
Sept
Oct.
Nov.
Dec.

198
200
226
170
150
126
95
91
85
77
77
79

-155
-148
n.a.
-70
-69
-30
45
60
63
94
113
118

Jan 1933
Feb.
Mar.
Apr.
May
June
July
... .Aug.
. Sent
Oct.
Nov,
... ,Dec.

74
50
37
29
25
21
18
16
16
10
9
9

168
213
260
321
335
332
372
377
367
386
392
383

Jan. 1934
. . .Feb.
Mar
Apr.
... .May
June
July
Aug.
....
. .Scot.
Oct
Nov
. .Dec.

~242

..

MEMBER BANK RESERVES AND RELATED ITEMS

10.2

RESERVES AND BORROWINGS OF MEMBER BANKS, BY CLASS


[In millions
Central reserve city banks New York

AH member banks
Month

1935 - J a n
Feb
Mar
Apr
May
June
July

ReExcess
Total
rerequired
serves
re- 2 serves
held* serves

Borrowings
at
F. R.3
Banks

Free
reserves

Total
reserves
held*

Excess
Required
rere
' ,2 serves
serves

Sept
Get
Nov
Dee

4,355
4,601
4,452
4,43f
4,778
4,979
4,970
5,232
5,243
5,469
5,757
5,716

2,320
2,365
2,388
2,411
2,481
2,541
2,585
2,596
2,615
2,649
2,696
2,733

2,035
2,237
2,065
2,026
2,297
2,438
2,385
2,636
2,628
2,820
3,061
2,983

8
6
6
6
7
7
7
7
10
8
7
6

2,027
2,231
2,059
2,020
2,290
2,431
2,378
2,629
2,618
2,812
3,054
2,977

1,651
1,864
1,760
1,715
1,813
1,969
1,938
2,306
2,320
2,460
2,563
2,541

935
965
981
992
1,015
1,054
1,071
1,092
1,142
1,151
1,170
1,191

716
899
779
723
798
915
868
1,214
1,177
1 ,309
1,393
1,350

1936 -Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

5,780
5,808
5,420
5,300
5,638
5,484
5,861
6,181
6,345
6,594
6,785
6,665

2,747
2,770
2,767
2,790
2,838
2,891
2,953
3,723
4,493
4,551
4,566
4,619

3,033
3,038
2,653
2,510
2,800
2,593
2,907
2,458
1,852
2,043
2,219
2,046

6
7
6
5
5
6
3
6
7
6
6
7

3,027
3,031
2,647
2,505
2,795
2,587
2,904
2,452
1,845
2,037
2,213
2,039

2,593
2,579
2,271
2,163
2,384
2,183
2,279
2,502
2,462
2,574
2,695
2,662

1,197
1,219
1,215
1,223
1,250
1,276
1,276
1,599
1,927
1,935
1,944
1,964

1,395
1 ,360
1,056
940
1,134
908
1,004
903
535
639
751
697

1937

6,716
6,747
6,704
6,824
6,932
6,878
6,845
6,701
6,854
6,954
6,919
6,879

4,622
4,595
5,333
5,271
6,005
6,002
5,969
5,951
5,954
5,911
5,815
5,808

2,093
2 152
1*371
1,552
927
876
876
750
900
1,043
1,104
1,071

3
3
6
10
16
15
13
17
24
22
19
16

2,090
2,149
1,365
1,542
911
861
86.1
733
876
1,021
1,085
1,055

2,719
1,953
1,944
2,812
2,652 ' 2,250
2,209
2,739
2,481
2,685
2,669
2,493
2,652 2,453
2,522 2,414
2,672 2,437
2,767 2,413
2,720 2,347
2,657 2,351

767
868
401
530
203
176
199
108
235
354
373
305

7,183
7,230
7,326
7,469
7,587
7,878
8,167
8,119
8,196
8,546
H,727
B,745

5,829
5,824
5,802
5,398
5,062
5,116
5,141
5,164
5,276
5,403
5,451
5,520

1,353
1,406
1,524
2,071
2,525
2,762
3,026
2,955
2,920
3,143
3,276
3,226

11
10

1,342
1,396
1,514
2,060
2,517
2,753
3,018
2,948
2,912
3,135
3,269
3,219

2,856
2,906
3,039
3,150
3,204
3,341
3,545
3,523
3,669
3,939
4,075
4,139

2 394
2^406
2,407
2,266
2,140
2,187
2,193
2,203
2,287
2,350
2,363
2,404

1,352
1,320
1,3*2
1,58-i)
1,712
1,734

1939=- Jan
Feb
Mar
....
Apr
May
June
July
Aug
Sept. . .
Oct
Nov
....
Dec

9,029
8,925
9,021
9,624
9,997
10,085
10,321
10,659
11,443
11,862
11,688
11,473

5,545
5,552
5,588
5,698
5,785
5,840
5,919
6,052
6,246,
6,372
6,428
6,462

3,484
3,373
3,432
3,926,
4,212
4,246
4,402
4,607
5,198
5,490
5,259 1
5,011

3,479
3,368
3,429
3,923
4,208
4,242
4,399
4,604
5,195
5,487
5,255
5,008

4,409
4,482
4,472
4,889
5,094
5,049
5,195
5,366
5,866
5,958
5,759
5,623

2,413
2,436
2,485:
2,587
2,629
2,655
2,691
2,779;
2,923
2,984!
3,005
3,012

1 ,996'
2,047
1 ,986
2,302
2,465
2,394
2,504
2,587
2,943
2,974
2,753'
2,611

1940 Jan
Feb
. ...
Mar
. .
Apr
May
... .
June. .......
July
Aug
Sept
Oct . .
Nov
Dee

11,985
12,215
12,362
12,703
13,086
13,596
13,735
13,408
13,643
14,043
14,131
14,049

6,521
6,589
6,628
6,700
6,798
6,900
6,983|
7,001 1
7,062
7,178
7,300
7,403

5,464
5,626
5,734;
6,003!
6,288'
6,696
6,752
6,407,
6,582!
6,864
6,830
6,646
t

AuK

Jan
Feb
Mar
Apr
May, . .
June
July
Aug
Sept
Oct
Nov
Dee

1938Jan
Feb
Mar
Apr
May
June
July
Aug . .
Sept
Oct
Nov
Dec

!?
I8
7
8
8
7
5
5
3
4
4

13

3
4.
3
1
2
2
2
21
2
3
3
4
4;
3!

6,099
5,462
5,624
6,323
6,428
5,732
6,002 . 6,548
6,286 6,660
6,941
6,694
6,979
6,749
6,709
6,404
6,578 6,705
6,889
6,860
6,82?
6,975
6,643 6,997

Digitized for FRASER


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

592

1
3
1

2
2
1

1
2
6
12
9
3

461
499
631 . . . . . . .
884
1 ,065

i i*n

3,054, 3,045
3,123; 3,199
3,180!! 3,248
3,237
3,312:
3,389'
3,271
3,347
3,594'
3,392 3,588
3,365
3,344
3,380
3,324
3,424 3,465
3,482
3,493
3S554 - 3,443

For notes see end of table.

Borrowings
at
F. R.
Banks^

1
1

Ij

li
2

Free
reserves

Central reserve city banksChicago

Total
reserves
held-

BorRe- Fxeess rowFree


quired
rei ings
rere- 2 serves >
at
serves
F. R.
serves
Bunks*

716
899
779
723
798
915
868
1,213
U174
1,306
1,392
1,350

454
393
360
427
606
681
586
490
484
541
614
608

203
208
202
195
216
226
233
231
238
244
255
255

250
185
158
232
389
455
352 . . . . . . .
258
246
297
359 . . . . . . .
353

250
185
158
232
389
455
352
258
246
297
359
353

1,395
1,360
1,056
940
1,134
908
1,004
902
533
637
750
697

495
487
463
506
636
682
653
576
619
637
651
605

257
261
254
244
259
268
285
353
424
431
430
430

239
226
208
262
377
414
369
223
195
205
221
175

239
226
208
262
377
414
369
223
195
205
221
175

767
868
400
529
200
174
196
102
223
345
370
305

568
546
533
563
589
603
581
568
576
581
588
599

421
418
480
461
538
533
529
534
533
522
519
519

147
128
54
101
51
70
52
34
43
59
69
80

147
128
54
101
51
70
52
34
43
59
69
HO

461
499
631
884
1,065
1,153
1,352
1,320
1,381
1,588
1,712
1,734:

604
598
574
622
794
899
925
875
861
884
HS8
898

518
519
522
475
473
495
501
496
500
509
514
521

86
78
52
146
321
404
424
379
361
375
374
376

86
78
52
146
321
404
424
379
361
375
374
376

1,996
2,047,
1,986
2,302
2,465
2,394
2,504
2,5871
2,9421
2,974
2,753
2,611

780
673
681
794
878
893
848
923
1,009
1,112
1,115
1,141

520
510
502
495
518
532
543
561
579
595
598
601

260
164
179
299
360
362
305
363
430
518
516
540

260
164
179
299
360
362
305
363
430
518
516
540

3,045
3,199
3,248
3,312
3,389
3,594
3,588
3,343
3,322
3,464
3,493
3,443

940
901
899
972
,097
,182
,168
,154
,234
,279
,218
,142

598
600
589
584
620
634
646
656
664
669
672
666

342*
301
310
388
477
547
522
499
570
610
546
T 475

342
301
310
388
477
547
522
499
570
610
546
476

MEMBER BANK RESERVES AND RELATED ITEMS

OF BANK, MONTHLY AVERAGES OF DAILY FIGURES, 1929-70 Continued


of dollars]
Country banks

Reserve city banks

Total
reserves
held1

Required2
reserves

Excess
reserves

Borrowings at
F. R.
Banks3

Borrowings at
F. R.
Banks*

Month

Free
reserves

Total
reserves
held*

657
701
683
646
649
624
685
698
734
738
803
780

867
912
905
890
935
918
960
937
900
908
941
935

455
461
461
466
474
475
480
471
429
432
435
436

412
451
443
424
461
443
480
465
471
476
506
499

7
6
6
6
7
7
7
6
7
6
6
6

405
445
437
418
454
436
473
459
464
470
500
493

978
998
978
956
961
954
1,042
1,149
1,218
1,230
1,254
1,241

431
431
435
444
450
458
467
596
720
728
731
742

547
567
543
512
511
496
575
552
498
502
523
498

5
7
5
5
5
5
3
5
5
4
5
6

542
560
538
507
506
491
572
547
493
498
518
492

Required2
reserves

Excess
reserves

Free
reserves

1,383
1,433
1,427
1,403
1,425
1,411
1,486
1,500
1,539
1,560
1,639
1,631

726
732
743
757
776
787
801
802
806
822
837
851

658
701
684
646
649
624
685
698
734
738
803
780

1,714
1,745
1,708
1,675
1,657
1,664
1,886
1,954
2,046
2,153
2,185
2,157

862
860
863
879
879
890
925
1,174
1,422
1,457
1,461
1,482

852
885
846
796
778
775
961
780
624
696
724
675

852
885
846
796
778
775
961
780
624
696
724
674

2,158
2,128
2,203
2,201
2,272
2,230
2,252
2,248
2,232
2,240
2,246
2,272

1,496
1,477
1,715
1,710
1,956
1,941
1,950
1,962
1,943
1,933
1,913
1,906

662
651
488
490
316
289
301
287
289
307
333
366

1
2
3
2
1
2
3
3
3
3

662
651
487
488
313
287
300
285
286
304
330
363

1,271
1,261
1,315
1,321
1,386
1,377
1,360
1,362
1,375
1,366
1,365
1,352

753
756
888
890
1,029
1,035
1,036
1,041
1,042
1,042
1,036
1,032

518
505
428
431
357
341
324
321
333
323
328
319

2
3
4
7
10
11
9
9
9
10
13
13

516
502
424
424
347
330
315
312
324
313
315
306

2,345
2,350
2,349
2,348
2,311
2,359
2,396
2,402
2,352
2,407
2,426
2,387

1,894
1,882
1,867
1,739
1,622
1,612
1,628
1,641
1,654
1,694
1,716
1,729

451
468
481
609
689
747
767
762
698
712
710
658

450
468
480
608
689
747
767
762
698
712
710
658

1,378
1,377
1,365
1,350
1,278
1,280
1,302
1,319
1,314
1,317
1,338
1,322

1,023
1,016
1,006
918
827
821
819
824
835
850
858
865

355
361
359
432
451
459
483
495
479
467
480
457

10
10
9
10
8
9
8
6
6
7
7
7

345
351
350
422
443
450
475
489
473
460
473
450

2,474
2,405
2,475
2,544
2,630
2,728
2,827
2,883
3,009
3,203
3,229
3,140

1,740
1,736
1,734
1,750
1,772
1,784
1,814
1,837
1,862
1,908
1,935
1,953

734
669
741
794
858
944
1,013
1,046
,147
,295
,294
,188

734
669
741
794
858
944
,013
,046
,147
,295
,294
,188

1,366
1,364
1,393
1,397
1,395
,415
,451
,486
,559
,588
,585
,568

871
870
867
866
866
868
871
876
882
885
889
897

495
494
526
531
529
546
581
611
678
704
696
671

5
5
3
3
4
4
3
3
2
3
4
3

490
489
523
528
525
542
578
608
676
701
692
668

3,319
3,344
3,368
3,476
3,615
3,716
3,837
3,804
3,905
4,024
4,080
4,096

1,968
1,966
1,963
1,982
2,008
2,013
2,033
2,056
2,084
2,136
2,185
2,208

,350
,378
,405
,494
,607
,703
,803
,748
,821
,888
,895
,887

,350
,378
,405
,494
,607
,703
,803
,748
,821
,888
,895
,887

1,628
1,646
1,668
1,706
1,714
1,757
1,751
1,740
1,800
1,851
1,858
1,815

901
899
897
897
899
906
912
924
934
949
962
974

727
747
771
809
815
851
839
816
866
902
897
840

2
1
2
1
2
2
3
2
2
3
3
3

725
746
769
808
813
849
836
814
864
899
894
837

Digitized for FRASER


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

1
1

1
1

593

Jan 1935
Feb.
Mar.
Apr.
May

...
,. .

July

Sent
Oct.
. . Nov
Dec.
Jan. 1936
Feb.
. Mar.
May
June
July
. . . Aug
Sept.
Oct
Nov.
Dec.

..
.

Jan. 1937
Feb.
.Mar.
Apr.

June
July
Aug.
Sept.
Oct
Nov.
Dec
Jan. 1938
Feb.
Mar.
Apr.
May
...

July
... . Aug
Sept.
Oct.
Nov.
Dec
Jan. 1939
Feb.
Mar.

June
July
Sept.
Oct.
Nov
Dec
Jan. 1940
Feb.
Mar
Apr.
May
... .June
.July

..

....

Sept.
Oct.
Nov.
Dec.

MEMBER BANK RESERVES AND RELATED ITEMS

10.2 RESERVES AND BORROWLNGS OF MEMBER BANKS, BY CLASS


^In millions
Central reserve city banks -New York

All member banks


Month

Excess
ReTotal
required
reserves
re- 2 serves
held* serves

2
5
3
2
2

1,083
1,071
959
792
544
556
269
284
297
554
453
414

1,085
1,086
1,157
1,140
1,049
979
1,000
1,009
944
834
859
877

860
882
902
877
871
890
936
949
872
807
814
842

225
204
255
262
178
89
64
60
73
27
45
35

337
97
96
51
49
22
29
19
32
31
20
28

1
4
4
5
5
3
4
10
19
3
9
51

336
93
92
46
44
19
25
9
13
28
It
-23

898
875
892
814
785
816
830
858
858
794
820
837

876
865
858
785
771
809
821
850
850
785
811
832

22
10
34
29
14
7
*)
K
8
9
H
6

22
10
34
29
14
7
9
8
8
9
8
6

19
21
16

6
4
= 16
-18
=41
-39
13
= 14
= 34
=97
= -238
-158

845
800
796
797
84H
876
839
841
863
888
925
876

840
797
797
786
842
873
832
836
856
881
920
874

5
3

1?
1
28

13
17
32
35
53
59
6
24
55
119
260
186

~'i
i
I

5
3
-I
11
6
3
H
4
7
7
5
2

3,699
3,776
3,893
4,010
4,202
4,182
3,913
3,947
4,075
4,169
4,235
4,070

11
17
18
12
13
30
17
12
19
14
27
48

39
81
109
128
330
399
76
149
111
92
216
192

-28
-64
-91
-=116
-317
-369
-59
-137
-92
= 78
-189
-144

864
884
887
890
940
937
895
905
931
926
950
939

861
876
886
877
932
929
885
901
921
921
945
924

3
8
2
14
8
8
10
4
10
5
5
14

4,047
4,021
3,969
3,979
4,065
4,170
4,162
4,113
4,159
4,165
4,189
4,243

7
15
1
36
12
29
18
12
24
10
19
27

94 1
135
297
139
7
6
8
19
29
2
28
7

-87
-120
-296
-103
5
23
10
=7
--5
8
=-9
20

921
901
858
872
878
887
897
904
905
904
925
938

913
894
865
847
879
882
886
900
902
900
919
933

8
8
=6
24

4
2
4
8
4
4
4

1,083
1,071
962
795
546
556
269
286
302
557
455
416

2,132
,712
,884
,949
,730
,461
1,327
1,136
1,417
1.264
1,073
1,048

4
7
8
13
18
14
13
27
40
15
35
90

2,128
,705
,876
,936
,712
,447
,314
1,109
1,377
1,249
1,038
958

4,352
3,999
4,001
3,657
3,373
3,501
3,587
3,717
3,643
3,346
3,453
3,601

4,015
3,901
3,906
3,606
3,324
3,479
3,558
3,698
3,610
3,315
3,433
3,573

11,831
11,199
11,453
11,688
12,094
12,437
1 1 ,668
11,998
12,493
12,850
13,497
12,884

1,104
1,150
978
886
868
,081
.232
,006
983
958
,023
,284

32
35
63
74
160
154
34
70
108
190
436
265

1,072
1,115
915
812
708
927
1,198
936
875
768
587
1,019

3,668
3,395
3,488
3,580
3,706
3,859
3,525
3,569
3,728
3,815
4,057
3,756

3,649
3,374
3,472
3,564
3,695
3,839
3,506
3,560
3,707
3,793
4,035
3,729

14,048
14,040
14,429
14,621
15,156
15,415
14,755
14,978
15,414
15,675
16,043
16,027

12,934
13,088
13,419
13,690
14,151
14,076
13,535
13,894
14,351
14,618
14,876
14,536

,114
952
,010
931
,005
,339
,220
,084
,063
,057
,167
,49 1

118
232
244
360
632
590
164
383
388
358
592
334

996
720
766
571
373
749
1,056
701
675
699
575
1,157

3,711
3,793
3,911
4,023
4,215
4,211
3,930
3,959
4,094
4,183
4,262
4,118

15,921
15,685
15,536
15,531
15,727
15,996
16,017
1 6,03 1
1 6, 1 60
16,167
16,310
1 6,5 1 7

14,610
14,554
14,505
14,507
14,771
15,053
15,089
15,140
15,275
15,304
15,456
15,617

,311
,131
,031
,024
956
943
928
891
885
863
854
900

185
324
526
393
150
127
121
126
149
107
211
157

1,126
807
505
631
806
816
807
765
736
756
643
743

4,054
4,037
3,970
4,015
4,077
4,199
4,180
4,125
4,183
4,174
4,208
4,270

1943 Jan
Feb
Mur
Apr ,
M ay
June
July
Aug . . .
Sept
Get
Nov
Dee

13,344
12,933
13,255
12,717
12,024
12,293
12,410
12,597
12,864
12,035
12,313
12,749

11,212
11,221
11,371
10,768
10,294
10,832
11,083
11,461
1 1 ,447
10,771
11,240
11,701

1944 Jan
Feb
Mar
Apr
May
June. . . .
July
Auti
Sept , . .
Get
Nov
Dee

12,935
12,349
12,431
12,574
12,962
H,518
12,900
13,004
13,476
13,808
14,520
14,168

1945 Jan
Feb
Mar . .
Apr
May
June. ...
July.
Aun
Sept
Get
Nov
Dec
1946- Jan
Feb
Mar
Apr
May
June
July
Au
Sept
Get
Nov
Dee

4
4
6

For notes see end of table.

Digitized for FRASER


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

381
347
252
295
434
424
388
403
478
512
367
295

381
347
252
295
434
424
388
403
478
512
367
295

4,165
4,195
4,226
4,232
4,325
4,303
4,340
4,331
3,848
3,536
3,631
3,887

3,446
3,309
3,147
2,951
2,667
2,704
2,237
2,248
2,300
2,330
2,362
2,376

12
8
6
5

BorrowFree
ings ! reat
serves
F. R. j
Banks'

670
686
679
671
710
720
732
738
740
731
843
848

5,248
5 266
5,188
5,028
4,870
4,859
4,609
4,616
4,150
4,093
4,086
4,303

9,490
9,599
9,680
9,698
9,843
9,920
10,172
10,375
9,999
9,904
10,256
10,776

2
2
2
3

Re- Excess
Total
required
reserves
reserves
held* serves2

1,051
1,033
931
966
1,144
1,144
1,120
1,140
1,218
1,243
1,210
1,143

3,442
3,305
3,141
2,944
2,660
2,700
2,235
2,244
2 292
2^326
2,358
2,372

12,936
12,908
12,827
12,649
12,510
12,624
12,409
12,623
12,299
12,234
12,618
13,152

3
2

BorrowFree
reings
at
serves
F, R.
Banks3

Chicago

3,505
3,166
3,203
2,812
2,514
2,238
2,149
1,893
1,824
1,621
944
989

3,505
3,166
3,203
2,812
2,514
2,238
2,150
1,898
1,834
1,626
945
989

1942 Jan
Feb
Mar
Apr
May
June
July
Auti
Sept . .
Get
Nov
Dec

i
3,630
3,641
3,721
3,706
3,728
3,721
3,725
3,701
3,719
3,687
4,108
4,153

6,832
6,422
6,304
5,883
5,831
5,351
5,193
5,017
5,116
5,001
3,611
3,390

Sept . . .
Get
Nov . . .
Dec

ReExcess
quired
rere- 2 serves
serves

7,135
6,807
6,924
6,518
6,243
5,958
5,875
5,600
5,554
5,314
5,053
5,142

7,507
7,574
7,675
7,717
7,819
7,850
7,927
7,987
8,068
8,096
9,289
9,422

Au

Total
reserves
held'

6,829
6,420
6,302
5,881
5,829
5,349
5,190
5,009
5,104
4,993
3,605
3,385

14,339
13,996
13,979
13,600
13,650
13,201
13,120
13,004
13,184
13,097
12,900
12,812

1941 Jan . .
Feb
Mar . . .
Apr
May
June
July.

BorFree
rowreings
serves
at
F. R,
Banks3

Central reserve city banks

594

\l

20
19

1
5
10
5
1

3
3
2

225
204
255
262
178
89
64
60
73
27
45
35

!
i
ij
V

3
1

12

1!|

9
4
10
4
5
14

: i
11
,
|
!

1
42
47
2
4
5
11
3
3 .......
3
4
?
1
5

8
7
-48
^23
-3
1
8
3
3
4
6
5

MEMBER BANK RESERVES AND RELATED ITEMS

OF BANK, MONTHLY AVERAGES OF DAILY FIGURES, 1929-70Continued


of dollars]
Reserve city banks

Total
reserves
held *

Required2
reserves

Excess
reserves

Country banks

Borrowings at
F. R.
Banks 3

Free
reserves

Total
reserves
held

2,015
2,004
1,923
1,885
1,949
1,820
1,789
1,824
1,836
1,844
1,454
1,302

,913
,898
,928
,912
,965
,914
,927
,978
2,076
2,149
2,213
2,210

983
992
,002
,021
,032
,045
,061
,086
,108
,131
,369
,406

930
906
927
891
933
870
866
892
968
1,017
844
804

1,330
1,279
1,190
1,175
1,171
1,232
1,105
1,091
1,069
924
1,035
1,020

2,238
2,199
2,204
2,188
2,265
2,338
2,353
2,423
2,529
2,597
2,684
2,850

,429
,444
,464
,470
,493
,511
,555
,611
,672
,774
,857
1,946

4,240
4,258
4,197
4,204
4,298
4,184
4,198
4,287
4,335
4,391
4,424
4,317

2,225
2,255
2,274
2,319
2,349
2,364
2,409
2,462
2,500
2,546
2,969
3,014

2,016
2,004
,923
,885
,949
,820
,789
,824
,836
,845
,456
,303

4,365
4,356
4,279
4,293
4,325
4,448
4,447
4,574
4,676
4,711
4,990
5,122

3,035
3,078
3,089
3,118
3,154
3,216
3,341
3,483
3,607
3,787
3,955
4,102

,330
,279
,190
,175
,171
,232
,105
,091
,069
924
,035
,020

5,190
5,141
5,319
5,191
4,894
4,983
4,961
4,999
5,159
4,772
4,916
5,083

4,277
4,357
4,468
4,306
4,156
4,394
4,489
4,613
4,644
4,386
4,584
4,781

913
784
852
886
738
589
473
386
515
386
332
302

1
2
5
4
3
6
9
2
14
20

913
784
851
884
733
585
470
380
506
384
318
282

2,905
2,918
3,042
3,054
2,973
2,993
3,031
3,024
3,204
3,123
3,124
3,228

5,133
4,899
4,921
5,007
5,152
5,339
5,129
5,196
5,365
5,501
5,773
5,654

4,799
4,568
4,658
4,747
4,895
5,027
4,739
4,910
5,109
5,251
5,488
5,294

334
331
263
259
257
312
390
286
256
251
286
359

8
7
14
15
56
53
10
24
28
49
124
43

326
324
249
244
201
259
380
262
228
202
162
316

5,625
5,590
5,739
5,793
5,970
6,072
5,834
6,003
6,166
6,244
6,381
6,394

5,329
5,338
5,467
5,565
5,716
5,702
5,507
5,725
5,908
5,983
6,081
5,976

297
252
272
227
254
370
328
277
258
261
300
418

51
101
86
150
209
132
54
167
192
179
281
96

6,357
6,235
6,169
6,127
6,220
6,320
6,314
6,337
6,360
6,362
6,433
6,515

6,020
5,967
5,944
5,911
5,990
6,081
6,087
6,131
6,164
6,166
6,229
6,289

337
269
225
215
230
240
226
205
196
197
203
227

66
134
133
147
105
84
82
74
92
61
128
104

Digitized for FRASER


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

1
2
1

Required2
reserves

Excess
reserves

Borrowings at
F. R.
Banks^

Month
Free
reserves

Jan. 1941
Feb
Mar
Apr.
May
June
July

2
2 '
2
2
2
2
2
3
2
2
3
4

928
904
925
889
931
868
864
889
966
1,015
841
800

809
755
740
718
772
827
799
812
857
823
827
904

4
4
3
4
5
4
2
2
3
1
2
2

805
751
737
714
767
823
797
810
854
822
825
902

Jan
1942
Feb
Mar
Apr
May
. . . .June
July

2,044
2,098
2,139
2,072
2,043
2,150
2,215
2,300
2,343
2,285
2,412
2,516

860
820
903
983
930
843
816
724
861
838
712
712

3
3
3
6
8
7
6
11
12
10
12
19

857
817
900
977
922
836
810
713
849
828
700
693

Jan 1943
Feb
Mar.
Apr
May
June
. . July
Aug.
Sept.
Oct.
Nov.
Dec.

3,289
3,254
3,226
3,190
3,256
3,444
3,406
3,398
3,520
3,603
3,764
3,882

2,543
2,460
2,526
2,591
2,662
2,698
2,590
2,692
2,822
2,924
3,054
2,986

746
795
700
599
594
746
816
706
698
679
710
895

11
11
17
24
51
42
18
22
25
22
52
36

735
784
683
575
543
704
798
684
673
657
658
859

Jan 1944
Feb.
Mar.
. . . Apr
May
June
July
Aug.
Sept.
Oct.
Nov
Dec.

246
151
186
77
45
238
274
110
66
82
19
322

3,848
3,774
3,892
3,916
4,032
4,195
4,096
4,112
4,224
4,323
4,450
4,576

3,045
3,098
3,172
3,238
3,301
3,263
3,230
3,321
3,448
3,545
3,615
3,566

804
676
719
678
730
932
866
791
776
111
835
1,011

28
49
48
80
92
58
33
67
85
86
95
46

776
627
671
598
638
874
833
724
691
691
740
965

Jan
1945
Feb.
Mar.
Apr
May

271
135
92
68
125
156
144
131
104
136
75
123

4,590
4,511
4,539
4,517
4,552
4,588
4,627
4,665
4,712
4,726
4,744
4,794

3,631
3,672
3,727
3,769
3,838
3,920
3,954
3,995
4,050
4,074
4,120
4,153

958
839
812
748
714
669
673
670
662
652
625
642

25
54
54
60
36
33
28
33
28
44

933
785
758
688
678
636
645
637
634
608
571
596

595

....

AUS

. ..

Sept
, Oct
Nov.
Dec

A iig

Sept
Oct
Nov.
Dec

. ..

.,
,

July
AUK
Sent
Oct.
Nov.
Dec
Jan. 1946
Feb.
Mar.
Apr.
May
June
JuJy
Aug.
Sept.
Oct.
Nov.
Dec

MEMBER BANK RESERVES AND RELATED ITEMS

10.2 RESERVES AND BORROWINGS OF MEMBER BANKS, BY CLASS


[In millions
Central reserve city banks New York

All member banks


Month

ReTotal
Excess
required
reserves
held* serves2

Borrowings

Free
re-

Total
reheld*

F. R.
Banks3

serves

Borrow-

Exeess

Re2

F. R.
I Banks3 |

4;
10'
(y
10
5
10
31
3
2
5
11

11
4
23
3
I8
3
10
5j
6
2
15
1

-7
6
-17
7
-13
7
21
-2
--4
3
- 14

,179
,127
,094
,060
,088
,113
,114
,139
,158
,148
,165
,199

,170
,130
,096
,059.'
,09 1 -i
,109''
,116
, 1 48
,160

9!
--<3
-2
1
-3
3
-2
- X
2

?5
20
13
I

9
-28
-22
-12
4

,165
,191:

,
8

11
5
3
1
]2
5

-13
-13
-5
4
-12
3

73
-64!|
79
-56:
43
5
22
13&:
193- -203'
25
81
71
-62
84
-79'
66
-58'
3'
105
28
-22
151, -107.

,256
,296
,292
,274
,277
,300
,2!>4
,297
,307
,328
,314
,356

,259
,299 ,
,291!
,275
,283'
,293
,296,
297'
,312
,320
,319
,353

-4 :
-3
2'
-1
-=7
7
-2

15
1 21
29
6
18
3
7
6
7
2
12
6\

19
-15
-27
-7
- 25
4
--9
-6
--12
6
-\7
- 61

2
10
19
60
105
169'
225
227
117
117
198
486

,347
,305
,321
,259
,281
,317
,365
,360
,369
,369
,367
,406

,348
,308
,311
,267
,286
,325
,358
,359
,364
,373
,367
,409

(
-3
10
-8
-5
=-8
7
1
6
- '4
,
-4

4,205
4,092
4,108
4,112
4,129
4,182
4,227
4,192
4,246
4,264
4,234
4,299

1
17 1,
21 !lf
13
12
14
12
11"
24
60
39
105

1
27 :
214,8'
Hi
2
26;
44
70::
60.i
38

17,390
16,834
17,106
16,926
16,933
17,396
17,526
17,690
18,509
19,818
19,835
19,990

16,309
16,030
16,284
16,115
16,190
16,544
16,709 !
16,853
17,625
19,001
19,062
19,193

1,081
804
822
811
743
852
817
837
884 1
817
773
797

143
244
270

938
560
552
700
599
752
756
706
655
663

4,427
4,288
4,602
4,552
4,511
4,808
4,861
4,909
5,037
5,331
5,292
5,408

4,311
4,252
4,557
4,513
4,493
4,764
4,838
4,862
4,974
5,286
5,267
5,352

116'
36
45
39
181
44 1
22
46
63
46'
25
56

1949 -Jan
Feb
Mar . . . .
Apr
May
. .
June
July . . .
Aug
Sept
Oct
Nov
. ..
Dec

19,991 19,153
19,570 18,860
19,417 18,723
19,185 18,479
18,146 17,369
18,068 17,310
17,558 16,539
17,873 15,918
16,083 15,161
16,113 15,251
16,119 15,308
16,291 15,488

838
710
694
706
777
758
1,019
955
922
862
811
803

169
110
148
98
176
100
109
94
75
46
134
118

669
600
546
608
601
658
910
861
847
816
677
685

5,358
5,230
5,204
5,169
4,798
4,849
4,822
4,709
4,508
4,444
4,419
4,462

5,316
5,204
5,172
5,128
4,754
4,780
4,750
4,685
4,466
4,397
4,373
4,443

1950- -Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dee

16,520 15,585
16,146 15,409
16,081 15,298
15,898 15,204
15,941 15,237
16,194 15,426
16,253 15,507
16,273 15,626
16,602 15,837
16,731 15,889
16,742 16,011
17,391 16,364

935
737
783
694
704
768
746
647
765
842
731
1,027

35
123
128
101
80
68
123
164
96

,S
142

900
614
655
593
624
700
623
483
669
775
586
885

4,469
4,353
4,337
4,285
4,273
4,425
4,346
4,362
4,507
4,521
4,450
4,742

18,088 17,263
18,907 18,279
19,207 18,494
19,324 18,491
18,892 18,302
19,309 18,475
19,229 18,473
19,174 1 8,470
19,396 18,675
19,868 18,952
19,794 1 9,065
20,310 19,484

825
628
713
833
590
834
756
704
721
916
729
826

212
330
242
161
438
170
194
292
338
95
340
657

613
298
471
672
152
664
562
412
383
821
389
169

19,537
19,300
19,322
19,127
19,139
19,431'
19,926
19,657
19,736
1 9,963
20,087
20,457

933
695
885
650
628 i
709
609
649
778
648
657
723

210
365
307.
367
563
579
1,077
1,032
683
1 ,048
1,532
1,593

723
330
578
283
65
130
= 468
--383
95
-400
-875
-870

. .

195l=Jan
Feb
Mar
May
June
July
Aug
Sept
Oct
Nov
Dec

1952 Jan
Feb .
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

,.

20,470
19,995
20,207
19,777
1 9,767
20,140
20,535
20,306
20,514
20,6 1 1
20,744
21,180

T&

9.
4
3
10,-15(
-20
-10
-21
67

929
905
877
879
911
940
964
979
,001
,024
,010
,024

925
901 j
873
868
914
930
966
975:
995
,010
,000
,011

28;!
88
34
2
43
2
7:
32
SO: -32j:
23"
21
31
-9
17'
29
55'
8
30;
16
25 : . . . . . !
5QJ
6]

,025
,006
,063
,017
,057
,132
,163
,186
,207
,298
101
,294

,017
999
,054
,011
,049
,120
158
,180
,202
,293
,293
,292

41
26
32
42
44
69
72,
24"
42"
47'
41V
19,,

98'
23i
525
19
HI
26"
59
58
35
12
55
59

-57
3'i
-20!|
23
-37
43:
13.1
-34
71
35
-91
-40

,297
,285
,247
,211
,160
,151
,192
,164
,122
,127
,116
,144

4,416
4,336
4,303
4,279
4,259
4,358
4,332
4,345
4,452
4 442
4J436
4,616

53'
171:
34J!
6h
14f
68 '
14
17
55
791!
13
125;

4"
50
58
25
12,
10
45
54
13
6,
35 s
58,

49
-33
-24
=19
2
58
-31
-37
42,,
73;
=22
67i

4,751
4,925
5,181
5,328
4,964
5,230
5,028
4,925
5,029
5,225
5,061
5,275

4,742
4,903
5,133
5, 1 69
4,974
5,124
5,018
4,9 1 9
5,02 1
5,117
5,056
5,231

5,335
5,209
5,358
5,146
5,163
5,324
5,474
5,223
5,256
5,215
5,201
5,357

5,245
5,205
5,266
5,144
5, 1 64
5,286
5,488
5,218
5,193
5,214
5,193
5,328

9
23
48
158"
-10'
106
9
5
8
108
6
44
I!
90
5
^2
2
1
38
-14
5
63'
1
8
30

For notes see end of table.

Digitized for FRASER


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

596

F. R.
i Banks'!

,293
,275,
,24 1
,201
,155'
,141
,161
,161
,120
,122
,115
,143

4,207
4,il0
4,129
4,125
4,141
4,196
4,239
4,203
4,270
4,324
4,273
4,404

Sent
Oct
Nov
Dec

serves 1.

Free

-43
-94
-8
3
9
5
-3
-9
-5
6
-7

744
602
698
707
677
650
689
673
798
783
576
762

144
100 i
95
87
128 j
1
118 1
134 1

8
50
It 3
14
5
3:;
;
9
14
1 1!
2'
9

106
203
173
126
107
135
92
127
133
171
274
224

1948 -Jan
Feb
Mur
Apr
May
June
July . . .

Borrmv-

Fxeess

8
1'
9
6
8
12
5
6
5
6
X' 1
2

850 :
805
871
833
784
785
781
800
931
954
850
986

May * . .
June
July
Aun
Sept
Oct
Nov ....
Dee

held*

Re-

4
3
-28
.,.5
?
9
1
2
4
5
3
7

15,549 ]
15,201
15,135
15,098
15,194
15,369
15,566
15,681
15,935
16,119
16,138
16,275

. .

Total

t hicago

.!
1
32
j(,
.
1
i
2'
2
9
7
6'

16,399
16,006
16,006
15,931
15,978
16,154
16,347
16,481
16,866
17,073
16,988
17,261

1947 Jan
Feb
Mar

Free

Central reserve city banks

-10

88
-5
73
-58
106
--131
-239
=222
-54
-116
--190
-456

,151 !

4
4;
4
IT
2 ..
H)
1:
411
6'
14
10'
LI

-3,:

-=5
S
-5
3

3 3'
-34
8 2 - 85
-72
N2
- 20
]2
26
=-31
23
-31
82
- 75
41
--40
-24
30
10 0 - 1 04
26 6 -266
232 -236

MEMBER BANK RESERVES AND RELATED ITEMS

OF BANK, MONTHLY AVERAGES OF DAILY FIGURES, 1929-70Continued


of dollars]
Country banks

Reserve city banks

Total
reserves
held*

Required2
reserves

Excess
reserves

Borrowings at
F. R.
Banks^

Free
reserves

Total
reserves
held*

Required2
reserves

Excess
reserves

Borrowings at
Banks'*

Month
Free
reserves

Jan. 1947
Feb
Mar
Apr
May
... >June
July
AUE
Sent.
. . . Oct
Nov
... .Dec

6,501
6,324
6,308
6,294
6,317
6,377
6,438
6,543
6,688
6,781
6,756
6,861

6,274
6,119
6,091
6,068
6,092
6,153
6,216
6,316
6,432
6,518
6,542
6,589

227
205
217
226
224
224
222
226
256
263
214
271

60
115
66
51
49
73
51
57
59
66
153
123

167
90
151
175
175
151
171
169
197
197
61
148

4,761
4,667
4,693
4,633
4,608
4,640
4,706
4,757
4,906
4,944
4,947
4,972

4,146
4,089
4,063
4,050
4,058
4,103
4,157
4,197
4,261
4,327
4,360
4,375

616
578
630
583
550
538
548
559
646
618
587
597

43
60
54
55
50
50
39
42
28
26
54
57

573
518
576
528
500
488
509
517
618
592
533
540

6,939
6,646
6,514
6,473
6,496
6,534
6,567
6,626
6,869
7,435
7,467
7,511

6,609
6,442
6,310
6,242
6,294
6,294
6,338
6,403
6,620
7,207
7,267
7,314

331
204
205
231
202
241
229
222
249
228
200
198

70
114
84
48
47
37
36
33
32
45
62
41

261
90
121
183
155
204
193
189
217
183
138
157

4,999
4,895
4,927
4,884
4,869
4,922
4,935
4,970
5,396
5,753
5,774
5,777

4,372
4,337
4,364
4,350
4,355
4,366
4,375
4,409
4,830
5,216
5,234
5,235

627
557
563
534
514
556
560
562
566
537
540
541

37
46
40
42
42
37
28
28
27
25
29
34

590
511
523
492
472
519
532
534
539
512
511
507

7,539
7,356
7,306
7,216
6,881
6,822
6,564
6,361
6,026
6,152
6,177
6,251

7,325
7,197
7,150
7,032
6,707
6,642
6,311
6,184
5,842
5,963
6,014
6,071

214
159
156
184
174
180
253
178
184
188
163
180

32
56
48
39
39
32
18
14
22
20
45
30

182
103
108
145
135
148
235
164
162
168
118
150

5,797
5,699
5,661
5,589
5,308
5,247
4,980
4,639
4,428
4,391
4,407
4,434

5,219
5,184
5,160
5,118
4,753
4,748
4,316
3,889
3,733
3,769
3,806
3,831

578
515
501
471
554
499
663
749
694
622
601
603

28
27
25
37
38
39
22
17
12
12
19
28

550
488
476
434
516
460
641
732
682
610
582
575

6,366
6,219
6,184
6,131
6,144
6,215
6,301
6,275
6,363
6,450
6,478
6,689

6,145
6,072
6,027
5,994
6,007
6,055
6,130
6,171
6,231
6,274
6,336
6,458

221
147
157
137
137
160
171
105
132
177
141
232

17
32
33
42
37
29
43
65
58
41
70
50

204
115
124
95
100
131
128
40
74
136
71
182

4,507
4,447
4,466
4,423
4,437
4,440
4,492
4,496
4,573
4,612
4,650
4,761

3,854
3,871
3,871
3,871
3,879
3,902
3,924
3,962
3,994
4,022
4,074
4,099

653
576
595
551
557
539
567
534
579
590
576
663

14
16
17
21
30
26
24
40
22
19
28
29

639
560
578
530
527
513
543
494
557
571
548
634

Jan. 1950
Feb.
Mar
Apr
May

7,084
7,329
7,354
7,347
7,282
7,402
7,439
7,479
7,526
7,701
7,730
7,922

6,902
7,208
7,184
7,181
7,162
7,183
7,277
7,331
7,374
7,489
7,586
7,738

182
121
170
167
120
219
162
148
151
212
144
184

95
189
111
69
157
73
77
152
214
61
246
354

87
-68
59
98
-37
146
85
-4
-63
151
-102
-170

4,997
5,356
5,380
5,374
5,369
5,377
5,469
5,473
5,534
5,614
5,688
5,756

4,359
4,869
4,887
4,866
4,882
4,876
4,882
4,923
4,967
5,026
5,104
5,161

638
487
493
509
487
501
586
550
567
588
584
596

29
50
59
64
70
69
39
50
51
29
54
88

609
437
434
445
417
432
547
500
516
559
530
508

Jan. 1951
Feb
.... Mar
Apr
May
June
July

7,967
7,757
7,817
7,702
7,674
7,785
7,911
7,933
8,009
8,081
8,172
8,323

7,767
7,621
7,608
7,581
7,551
7,649
7,826
7,804
7,854
7,982
8,070
8,203

200
136
209
122
123
135
84
129
155
99
102
120

130
220
149
219
321
278
634
581
384
667
862
639

70
-84
60
-97
-198
-143
-550
-452
-229
-568
-760
-519

5,819
5,723
5,711
5,670
5,649
5,714
5,786
5,790
5,880
5,946
6,004
6,094

5,176
5,166
5,137
5,135
5,138
5,170
5,254
5,277
5,326
5,393
5,458
5,518

643
557
574
535
511
544
532
513
554
553
547
576

45
53
57
76
111
109
136
183
152
164
206
236

598
504
517
459
400
435
396
330
402
389
341
340

Digitized for FRASER


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

597

*.
,
. . .

Jan 1948
Feb.
Apr
May
June
July
AuE

,
,

Sept.
Oct.
Nov
Dec.
Jan. 1949
Feb.
Mar,
Apr.
May
July
Sent
. . . Oct
Nov
Dec

July
AUK.
Sent
Oct.
Nov.
Dec.

Sept.
Oct.
Nov
Dec.

Jan. 1952
Feb
Mar.
Apr.
May
July

,
,

Sept.
Oct.
Nov.
Dec.

MEMBER BANK RESERVES AND RELATED ITEMS

10.2

RESERVES AND BORROWINGS OF MEMBER BANKS, BY CLASS


[In millions
Central reserve city banks- New York

All member banks


Month
ReTotal
Excess
required
rere- 2
serves
hcldi serves

1953 -Jan
Feb
MaiApr. .
May
June
July
Aug
Sept
Get
Nov
Dee.
1954 jan
Feb
Mar
Apr..
May
June.
July
Aug
Sent
Oct
Nov .
Dec

Borrowings

Free
re-

F. R.
Banks 3

Total
re-

BorIlxeess rowFree
Total
Rere- | ings . re- j required

heldi

serves*-

1
46
29
9
8
4
1
11
9
2
7
15

77
50
18
27
4
13
78
149
141
151
279
197

,203
,183
,141
,122
,139
1,135
2
,148
~
,140
,129
III?
,127
-150
,144
-265
,166
-162

3
1,200,
1 183 ...
-21,143
1,122 ...
1
1,138
1,138:
-3
8
1,140]
1,141
= 1
1 128 ...
1 127
1,142
3
1,164
2

58
38
131
125
26
40
33
60
114
117
70
85

"-!&
-83

174
149
202
155
98
46
119
168
204
200
226
147

- 198
-138
-174
-167
-88
-33
-108
-158
-204
-192
-214
= 91

,178
,138
,137
,105
1,119
1,133
1,129
1,130
1,120
1,111
1,122
1,149

-1
1,179
1,134
3
2:
1,135
1
1,106
2
1,1171
4
1,130'
1,127
3
1
1,129
1,120 ...
4|
1,107:
1,119
3
1,138
12

82
106
258
261
155
115
50
74
93
118
143
97

83
103
256
262
-153
111
48
72
-93
-114
,,140
-86

16
34

30
129
116
299
117
200
186
308
263
141
95
139

-40
-123
-101
-300
-104
-185
-181
-289
-254
-141
-80
-105

1,126
1,107
1,102
1,097
1,101
1,121
1,131
1,123
1,122
1,116
1,101
1,136

-2i
1,129!,
1,107'.. .
4
1,098
-1
1,097
3
1,098
1,123
-2
1,124
7
1,121
2
51
,117
116
1
,100
8
,127

38
53
257
210
169
46
35
28
119
115
123
85

-40
-53
-253
-210
-165
48
-28
- 26
115
- 115
-123
-77

34
22
44
15
53
28
32
26
27
27
17
23

80
46
2
18
2
21
15
48
106
35
60
102

-46
-25
42
"\
52
7
17
-22
-79
-8
-43
-81

1,125
1,114
1,098
1,052
1,054
1,113
1,088
1,097
1,063
1,061
1,054
1,077

,12li
4
,109
5
11
1,087
1,049
3
1,046,
8
1,099
14
1,084
5
1,094!
3 i|
1,058
5
1,055
6
1 OSS .. . ...
7
1,070
j

29
11
29
9
1
2
1
3
8
9
16
39

20,179
19,557
19,573
19,392
19,533
19,670
19,164
18,478
18,403
18,893
19,207
19,279

19,243
18,925
18,881
18,627
18,817
18,813
18,329
17,638
17,628
18,173
18,393
18,576

936
632
692
765
716
857
835
840
775
720
814
703

100
293
189
139
155
146
65
115
67
82
164
246

836
339
503
626
561
711
770
725
708
638
650
457

4,863
4,652
4,725
4,693
4,738
4,812
4,508
4,311
4,288
4,482
4,507
4,508

4,717
4,645
4,687
4,627
4,704
4,749
4,46H
4,320
4,266
4,467
4,447
4,497

Sept
Oct
Nov
Dec .

19,114
18,819
18,635
18,800
18,746
18,715
18,824
18,728
18,711
18,870
18,902
19,240

18,432
18,195
18,050
18,210
18,166
18,146
18,205
18,152
18,148
18,345
18,378
18,646

682
624
585
590
580
569
619
576
563
525
524
594

313
354
463
495
368
401
527
765
849
884
1,016
839

369
270
122
95
212
168
92
189
-286
-359
-492
-245

4,410
4,380
4,394
4,445
4,407
4,388
4,371
4,286
4,262
4,316
4,257
4,432

4,402
4,350
4,373
4,442
4,384
4,373
4,362
4,277
4,248
4,316
4,243
4,397

1956 Jan
Feb
Mar
Apr
May.
June.
July
AUK
Sept .
Oct
Nov
Dec

19,138
18,709
18,924
18,847
18,735
18,933
18,836
18,783
19,024
18,939
19,169
19,535

18,586
18,177
18,340
18,320
18,268
18,359
18,237
18,224
18,446
18,419
18,579
18,883

552
532
584
527
467
574
599
559
578
520
590
652

807
799
993
1,060
971
769 1
738
898 i
792
715
744
688

-255
-267
-409
-533
-S04
-195
-139
-339
-214
-195
-154
-36

4,293
4,196
4,372
4,287
4,264
4,354
4,237
4,236
4,288
4,222
4,244
4,448

4,317
4,186
4,344
4,299
4,254
4,341
4,225
4,227
4,288
4,214
4,231
4,392

19,295
18,816
18,884
19,087
18,827
18,982
19,129
18,834
18,956
19,040
18,958
19,420

18,773
18,302
18,366
18,580
18,362
18,485
18,595
18,300
18,434
18,573
1 8,447
18,843

522
514
518
507
465
497
534
534
522
467
511
577

406
640
834
1,011 I
909
1,005
917
1,005
988
811
804
710

116
-126
-316
-504
--444
-508
-383
-471
-466
-344
-293
-133

4,316
4,205
4,341
4,307
4,234
4,335
4,294
4,170
4,211
4,231
4,162
4,336

4,327
4,200
4,326
4,308
4,221
4,320
4,288
4,152
4,203
4,231
4,147
4,303

-10
5
14
-1
13
15
6
19
9

19,296
19,000
18,730
18,394
18,223
18,600
18,609
18,580
18,425
18,476
18,540
18,899

18,723
18,434
18,097
17,772
17,557
17,974
17,953
17,946
17,854
17,955
18,034
18,383

573
566
633
622
666
626
656
634
571
521
506
516

451
242
138
130
119
142
109
252
476
425
486
557

122
324
495
492
547
484
547
382
95
96
20

4,251
4,204
4S272
4,122
4,030
4,214
4,132
4,014
3,951
3,935
3,883
4,033

4,216
4,182
4,228
4,107
3,977
4,186
4,101
3,987
3,923
3,909
3,866
4,010

1957=Jan .
Feb
Mar
Apr .
May.
June
July
Aug
Sept
Get
Nov
Dec
1958= Jan
Feb. . .
Mar .
May
June. ,
July
Aug
Sept
Oct..,,
Nov
Dec. .

..

For notes see1 end of tattle.

Digitized for FRASER


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

598

6
S3
-21
2
- 10
7
10
11
-5

il

,313
7
-7
,276'
8
,259,
,210
11
,257
-2
11
,240|!
11
,187
172 ... .. ..
,151
4]
2
,181
1,200
11
~lj
1,210

5,180
5,036
5,073
4,947
4,908
5,028
4,786
4,706
4,686
4,681
4,711
4,748

5
14
16
15
128
53
6
31
37
19
14
146
8
38
66
35
63

-1
21
15
59
12

3^
i

s
9
10
14

14
35
- 24

28

Is
12
10

8
13
57

320
255
211!
278
72
11
12
53
32
2
78
115
36
16
7
14
30
2
32
62

-315
-241
-195
-278
-57
117
41
-47

Is

- 69
-20
3
-23
19

-6
-3!
3
-6;
3
4
5
1
-2
1

-341
280
= '275
- 120
51
18
-35
78
-53
-16
24
36

,320
,269
,267
,221
,255
,251
,198
,171
,154
,183
,212
,210

5,184
5,050
5,089
4,947
4,922
5,155
4,838
4,713
4,717
4,718
4,730
4,762

1955- Jan
Feb
Mar
Apr
May
June
July

,385
,359
,362'!
,297
,295 !
,316
,288.
,292 :
,285
,269
2881, . .
,295

I . R.
s Bunks3

146
-28
22
66
28
49
40
-39
19
14
27
-50

=640
-672
-614
-631
-353
365
366
=7
250
390
198
252

serves2

Free
re-

-59
-101

1,347
1,310
1,202
1,166
944
423
418
651
468
362
486
441

heUU

I Borrowings

335
277
278 '
114
54
22
40
79
51
17
24
37

707
638
588
535
591
788
784
644
718
752
684
693

F. R.
flanks^

ReExcess
quired
re-

,37^
,356
,366
,291
,297
,320
,292
,293
,283
,270
,288
,295

20,958 20,251
20,520 19,882
20,416 19,828
20,007 19,472
19,897 19,306
20,287 19,499
19,653 18,869
19,526 18,882
19,552 18,834
19,536 18,784
19,718 19,034
19,920 19,227

..

Central reserve city banks -Chicago

...J
5S
-38
133
125
-25
43
- -25
61
114

_25
-6
-18
,7
7
12
4
-3
-= 3
-16
-31

MEMBER BANK RESERVES AND RELATED ITEMS

OF BANK, MONTHLY AVERAGES OF DAILY FIGURES, 1929-70Continued


of dollars]
Country banks

Reserve city banks

Total
reserves
heldi

Required2
reserves

Excess
reserves

Borrowings at
F.R.
Banks3

Free
reserves

Total
reserves
held*

Required2
reserves

Month

Excess
reserves

Borrowings at
F.R.
Banks3

Free
reserves

Jan. 1953
Feb
Mar
Apr.
May
June
July

8,277
8,082
8,014
7,872
7,824
7,933
7,808
7,805
7,779
7,780
7,849
7,962

8,157
7,986
7,926
7,802
7,716
7,769
7,678
7,706
7,663
7,633
7,762
7,877

119
95
87
70
108
164
130
99
116
148
87
85

529
623
559
584
569
195
245
365
275
241
273
184

-410
= 528
-472
-514
-461
-31
-115
-266
-159
-93
-186
-99

6,118
6,031
5,947
5,896
5,853
5,878
5,713
5,714
5,773
5,768
5,852
5,901

5,529
5,500
5,466
5,425
5,387
5,387
5,117
5,177
5,200
5,202
5,272
5,307

589
531
482
471
466
491
597
537
573
566
579
594

163
155
154
190
249
195
121
154
110
102
111
105

426
376
328
281
217
296
476
383
463
464
468
489

8,065
7,825
7,767
7,739
7,785
7,839
7,780
7,502
7,506
7,703
7,852
7,927

7,903
7,742
7,684
7,591
7,661
7,686
7,614
7,390
7,401
7,608
7,742
7,836

162
83
83
148
124
153
166
112
105
96
110
91

58
148
79
71
65
61
26
37
28
50
84
117

104
-65
4
77
59
92
140
75
77
46
26
-26

5,932
5,811
5,815
5,740
5,754
5,767
5,678
5,493
5,455
5,524
5,636
5,634

5,311
5,262
5,252
5,199
5,194
5,138
5,058
4,757
4,810
4,918
5,003
5,032

621
548
563
541
560
630
619
736
645
607
633
602

41
63
65
59
75
67
38
37
28
29
41
52

580
485
498
482
485
563
581
699
617
578
592
550

7,881
7,726
7,623
7,747
7,734
7,680
7,759
7,737
7,738
7,823
7,840
7,924

7,794
7,646
7,561
7,673
7,649
7,619
7,673
7,682
7,675
7,759
7,802
7,865

87
79
62
74
85
61
87
54
63
64
38
60

124
189
213
229
212
229
306
395
472
480
538
398

-37
-110
-151
-155
-127
-168
-219
-341
-409
-416
-500
338

5,619
5,531
5,476
5,486
5,465
5,512
5,546
5,565
5,583
5,604
5,660
5,716

5,036
5,015
4,971
4,973
4,995
5,016
5,030
5,052
5,096
5,144
5,191
5,220

584
516
505
513
470
496
516
514
487
460
470
497

54
77
101
114
126
119
110
161
122
116
129
159

530
439
404
399
344
377
406
353
365
344
341
338

7,934
7,753
7,796
7,814
7,775
7,784
7,796
7,783
7,885
7,869
7,960
8,078

7,863
7,687
7,712
7,750
7,726
7,706
7,707
7,704
7,805
7,817
7,877
7,983

72
66
84
64
49
78
89
79
80
52
83
96

425
402
382
493
517
434
433
461
377
299
276
300

-353
-336
-297
-429
-468
-356
-344
-382
-296
-246
-193
-203

5,732
5,623
5,619
5,641
5,577
5,662
5,675
5,633
5,732
5,736
5,843
5,859

5,227
5,170
5,149
5,165
5,171
5,183
5,179
5,164
5,234
5,281
5,352
5,371

505
452
470
476
406
479
496
469
498
456
491
488

126
142
151
151
201
174
136
195
118
98
99
144

379
311
319
325
205
305
360
274
380
358
393
344

7,996
7,781
7,746
7,921
7,794
7,774
7,906
7,790
7,800
7,836
7,849
8,042

7,938
7,715
7,686
7,855
7,739
7,729
7,840
7,721
7,749
7,797
7,786
7,956

58
66
60
65
56
45
66
69
51
39
63
86

229
314
302
329
422
531
519
468
485
428
405
314

-172
-249
-242
-263
-367
-486
-452
-400
-433
-389
-342
-228

5,857
5,722
5,696
5,762
5,697
5,751
5,799
5.751
5,823
5,857
5,847
5,906

5,379
5,279
5,256
5,320
5,305
5,314
5,344
5,306
5,366
5,429
5,414
5,457

478
443
440
443
393
438
455
444
457
428
432
449

109
144
159
173
201
228
177
201
121
127
181
172

369
299
281
269
192
210
278
244
335
301
252
277

Jan. 1957
Feb
Mar
Apr
May
... .June
July
Aue
Sept
Oct
Nov
Dec

8,007
7,871
7,701
7,651
7,614
7,721
7,772
7,820
7,731
7,755
7,819
7,940

7,928
7,773
7,603
7,572
7,482
7,619
7,667
7,731
7,667
7,700
7,750
7,883

78
98
98
79
131
102
104
89
65
55
69
57

223
96
36
36
42
45
49
111
266
253
258
254

-145

5,914
5,811
5,659
5,569
5,525
5,552
5,617
5,651
5,679
5,724
5,784
5,849

5,458
5,369
5,179
5,043
5,051
5,070
5,101
5,134
5,205
5,291
5,364
5,419

456
442
479
526
474
481
515
516
474
433
420
430

119
89
71
67
74
74
44
90
96
128
152
* 162

337
353
408
459
399
408
471
426
378
305
268
268

Jan
1958
Feb
Mar
Apr
May

Digitized for FRASER


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

1
62
43
89
57
56
-22
-201
-198
-189
-198

599

. .

Sept
Oct
Nov
Dec
Jan 1954
Feb
Mar
Apr.
May

. ,

July
Aue
Sept
Oct
Nov.
Dec
Jan 1955
Feb
Mar
Apr
May
. . June
July
AUE
Sept.
... Oct
Nov.
Dec

. .

Jan. 1956
Feb
Mar
Apr.
... May
June
July
AUE
Sept
Oct
Nov
Dec

July
AUE
Sept
Oct.
Nov.
Dec

MEMBER BANK RESERVES AND RELATED ITEMS

10.2

RESERVES AND BORROWINGS OF MEMBER BANKS, BY CLASS

Central reserve city banks -New York 4

All member banks

Total
reserves
held i

Required
reserves 2

Excess
reserves

Borrowings
at
F. R.3
Banks

Free
reserves

Total
Excess
Required
rereserves
reserves
held * serves -

18,893
18,577
18,429
18,664
18,580
18,451
18,671
18,613
18,593
18,610
18,621
18,932

18,396
18,117
17,968
18,247
18,132
18,043
18,271
18,141
18,183
18,164
18,176
18,450

497
460
461
417
448
408
400
472
410
446
445
482

556
508
601
676
767
921
956
1,008
903
905
878
906

-59
-48
-140
-259
-319
-513
-556
-536
-493
-459
-433
-424

4,031
3,968
3,994
4,008
3,979
3,933
3,981
3,889
3,848
3,867
3,808
3,920

4,018 i
3,953
3,965
4,001
3,955
3,926
3,977
3,866
3,866
3,851
3,785 !
3,930

12
15 !
30
7
24
1
4
23
-18
15
23
-10

Jan.
18,878
Feb. . .
18,213
Mar.
IE, 027
18,104
Apr. . .
May
18,239
18,294
June
18,518
July
AUK.
18,501
18,570
Sept. .
Oct. . . ... 18,733
19,004
Nov...
I>ec
19,283

18,334
17,758
17,611
17,696
17,770
17,828
18,010
17,961
17,931
18,095
18,248
18,514

544
455
416
408
469
466
508
540
639
638
756
769

905
816
635
602
502
425
388
293
225
149
142
87

-361
-361
-219
-194
-33
41
120
247
414
489
614
682

3,907
3,753
3,766
3,765
3,853
3,852
3,864
3,780
3,773
3,788
3,770
3,687

3,884
3,744
3,755
3,784
3,808
3,819
3,853
3,780
3,755
3,765
3,718
3,658

111 1
23
9
59
10
-19
45 -
33
u
14
27
20
is
22
13
52
18
29
19 \

Month

1959= Jan
Feb. . .
Mar.......
Apr.
May
June
July
Aug
Sept. . . . . . .
Oct
Nov.......
Dec,

1960

19,315
18,964
18,809
18,884
18,856
19,042
19,063
19,223
19,367
19,660
19,840
20,118

18,570
18,310
18,253
18,277
18,307
18,430
18,482
18,619
18,783
19,153
19,218
19,550

745
654
556
607
549
612
581
604
584
507
622
568

49
137
70
56
96
63
51
67
37
65
105
149

696
517
486
551
453
549
530
537
547
442
517
419

3,693
3,632
3,623
3,649
3,576
3,698
3,648
3,645
3,686
3,733
3,697
3,834

3,667
3,598
3,613
3,588
3,581
3,658
3,639
3,629 !
3,681
3,716
3,660
3,826

26
34
10
62
-5
40
9
16
6
16
37
7

1962 Jan.
Feb
Mar. ,
Apr
May
June
July. . . . . .
Aug
Sept.
Oct
Nov
Dec.

20,089
19,571
19,550
19,723
19,823
19,924
20,043
19,924
20,034
20,205
19,604
20,040

19,464
19,069
19,077
19,213
19,320
19,433
19,514
19,358
19,579
19,721
19,012
19,468

625
502
473
510
503
491
529
566
455
484
592
572

70
68
91
69
63
100
89
127
80
65
119
304

555
434
382
441
440
391
440
439
375
419
473
268

3,811
3,680
3,693
3,752
3,724
3,781
3,766
3,709
3,718
3,774
3,627
3,863

3,763 '
3,664
3,705
3,692
3,713
3,774
3,732
3,684
3,723
3,736
3,601
3,817

48
17
-12
60
11
7
34
24
_4
38
27
46

1963 Jan
Feb
Mar
Apr.. .
May
June
July... ,
Aug.
Sept
Oct.. . . .
Nov
Dec.......

20,032
19,582
19,515
19,572
19,679
19,729
20,020
19,719
19,945
20,003
20,114
20,746

19,558
19,109
19,091
19,138
19,223
19,355
19,537
19,256
19,533
19,596
19,705
20,210

474
473
424
434
456
374
483
463
412
407
409
536

99
172
155
121
209
236
322
330
321
313
376
327

375
301
269
313
247
138
161
133
91
94
33
209

3,858
3,721
3,753
3,727
3,770
3,722
3,795
3,630
3,748
3,695
3,683
3,951

3,840
3,704
3,734
3,716
3,735
3,742
3,740
3,620
3,721
3,693
3,668
3,895

1964 Jan
Feb.
Mar
Apr.......
May . . . . . .
June
July
Aug, , . .
Sept
Get
Nov
Dec

20,673
20,146
20,213
20,277
20,220
20,558
20,665
20,566
20,928
21,033
21,159
21 , 609

20,242
19,753
19,855
19,897
19,883
20,168
20,265
20,149
20,508
20,618
20,763
21,198

431
393
358
380
337
390
400
417
420
415
396
411

256
304
259
213
255
270
265
334
331
309
430
243

175
89
99
167
82
120
135
83
89
106
-34
168

3,906
3,797
3,803
3,787
3,833
3,984
3,943
3,876
3,983
3,962
3,893
4,083

3,892
3,757
3,797
3,772
3,832
3,945 ;
3,920
3,858
3,954
3,942
3,882
4,062

Digitized for FRASER


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

600

18 1
17
19

77
43
13
96
75
22
157
248
209
225
207
99

35
-20
55
10
27
2 1
15
56
14
40
6
15
t :
39
23
18
29
20
It
21

9
4
4
23
57

1,066
1,052
1,029
1,041
1,037
1,009
,028
1,033
1,025
1,020
1,029
1,038

1,065
1,051
1 , 027
1,036
1,033
1,006
1,028
1,029 !
1,022
1,018
1,026
1,038

1
1
2
5
4
3

-88
-50
I
-31
45
16
-3
-27
-2
9
34
10

1,046
996
975
954
988
987
,020
,027
,014
,011
,006
958

1,041
993
970
955
981
988
1,010
1,024
1,011
1,007
998
953

4
3
6

963
954
946
923
953
970
958
970
966
983
985
987

959
948
936
927
945
964
955
967
963
985
982
987

987
955
964
940
990
976
1,000
1,017
1,021
1,036
1,007
1,042

982
954
949
953
983
977
989
1,013
1,022
1,032
1,001
1,035

1,038
1,016
1,009
1,003
1,025
1,028
1 , 038
1,009
1,029
1,036
1,035
1,056

1,037
1,012
1,008
998
1,025
1,032
1,026 !
1 , 007
1,030
1,028
1,031 |
1,051

1,048
1,014
1 ,026
1,021
1,044
1,033
1 , 039
1,039
1,061
1 , 058
1 , 076
1,083

1,043 '
1,016 ;
1,021 !
1,014
1,041 !,
1,033 '
1,036
1,033
1,060
1,055 i
1,072
1,086 i

41
11
-24
50
10

7
6
12

'?19

-18

16
17
15
4
14
IDS

-,97

:
i
1
;
'
i

36
47
22
16
26
39
40
39 I
45
54
97
35 '

-;:

-25
-8

-=59
15

:58i
--99
-74
19

-22
-7
-16
-= 1
2S

-i?

-21
-16
-34
-86
-14

BortowFree
reings
at
serves
F. R.
Banks >

lixccss
reserves

-65
-28
16
-89
-51
15
-154
-225
-227
-209
-184
-109

26
26
9
60
-22
40
7
7
2
12 1
14 '
-50

8
1
2
17

5
42
27
12
34
39
40
90
82
101
89
37

Central reserve city batiks Chicago 4

ReFree ; Total
re- ;
required
reserves servesl
serves '
icld

.!

1961 Jan.
Feb
Mar.
Apr
May
June.... ..
July. . . . . .
Aug
Sept...
Oct
...
Nov. . . . . . .
Dee.

For notes see end of table.

Borrowings
at
F. R.3
Banks

i|

4
2
3

7
-I
10
3
3
4
8
4

54
27
124
69
44
66
47
40
46
H4
64
104

- 53
-26
122
-64
-41
63
-47
-35
-44
"H2
-61
-104

94
129
157
99
56
58
49
41
8
6
12
8

90
-126
-151
- 100
49
59
39
38
-5
-2
_4
-4

4
36
H

*9
=4
8
6
3
3
3

3
3
2

23
16
22

5
t
15
-13
7

3
4
21
7

10

4
18
9
6
13
18

45
6
7

}5 j
--4
12

'!
!

~4!
7
3
3
6 1!
\

3 ;

4 ::
~ 3 i

1
2
^24
- 13
-22
2
-3
&
-20
^_ 33
6
14
10
~~l 1

7
15
38
14 ,
8
24 I
29
40

~i
5

29
.~4
5
5

27
87 i
90
21
13
22
13
34
29
20
28
i

6
-I!
37
9
'-8
-7
- 12
-27
41
U
36
-21
-22
" K9
--86
-14
=. 2
13
19
-7
-=33
26
16
-31

MEMBER BANK RESERVES AND RELATED ITEMS

OF BANK, MONTHLY AVERAGES OF DAILY FIGURES, 1929-70Continued


of dollars]
Country banks

Reserve city banks

Borrowings at
F. R.
Banks

Total
reserves
held i

Month

Total
reserves
held i

Required
reserves 2

7,929
7,777
7,702
7,825
7,792
7,744
7,838
7,836
7,825
7,820
7,848
7,954

7,873
7,723
7,653
7,791
7,728
7,705
7,809
7,779
7,783
7,766
7,802
7,912

56
55
49
34
64
39
29
57
42
55
46
41

278
250
277
317
424
574
510
477
433
393
415
490

-223
-195
-228
-284
-360
-536
-482
-420
-391
-339
-369
-449

5,868
5,780
5,704
5,790
5,772
5,765
5,824
5,855
5,895
5,903
5,936
6,020

5,440
5,390
5,323
5,418
5,415
5,406
5,458
5,467
5,511
5,529
5,564
5,569

428
390
381
372
357
359
366
388
384
374
372
450

147
188
187
194
224
259
242
243
215
203
192
213

281
202
194
178
133
101
124
145
169
171
180
237

Jan -=1959
Feb.
Mar.
Apr.
May
June
July
Aug
Sept.
Oct
Nov.
Dec

7,909
7,544
7,429
7,498
7,515
7,540
7,647
7,654
7,662
7,761
7,854
7,950

7,854
7,503
7,391
7,453
7,465
7,496
7,599
7,507
7,595
7,696
7,761
7,851

55
42
37
45
51
44
48
47
68
65
94
100

508
423
289
298
224
164
176
109
112
67
56
20

-=453
-381
= 252
-253
-173
-120
-128
-62
-44
-2
38
80

6,014
5,920
5,857
5,887
5,882
5,915
5,987
6,041
6,120
6,173
6,374
6,689

5,568
5,522
5,494
5,504
5,517
5,529
5,548
5,550
5,569
5,635
5,771
6,066

449
398
363
383
366
386
439
491
551
538
602
623

192
205
180
193
222
186
149
116
85
63
56
40

257
193
183
190
144
200
290
375
466
475
546
583

jan 1960
Feb.
Mar
Apr.
May
June
July
AUK
Sept.
Oct
Nov.
Dec

7,960
7,810
7,756
7,783
7,780
7,823
7,863
7,940
7,993
8,147
8,241
8,367

7,859
7,743
7,688
7,734
7,726
7,740
7,798
7,883
7,930
8,122
8,184
8,308

101
67
68
49
54
83
64
57
63
26
57
59

14
57
23
21
36
17
8
13
13
18
44
39

87
10
45
28
18
66
56
44
50
8
13
20

6,699
6,568
6,485
6,529
6,547
6,551
6,595
6,668
6,722
6,797
6,917
6,931

6,085
6,022
6,016
6,029
6,055
6,068
6,090
6,141
6,209
6,330
6,393
6,429

614
546
469
500
491
483
505
527
513
466
524
502

31
36
38
33
40
45
38
43
19
20
22
31

583
510
431
467
451
438
467
484
494
446
502
471

8,311
8,094
8,106
8,195
8,234
8,270
8,306
8,182
8,189
8,203
7,995
8,178

8,257
8,047
8,065
8,158
8,174
8,209
8,266
8,129
8,166
8,174
7,951
8,100

54
47
41
37
60
61
40
52
23
29
44
78

34
25
26
28
21
45
40
47
26
24
60
130

20
22
15
9
39
16
5
-3
5
-16
-52

6,979
6,842
6,787
6,836
6,875
6,896
6,972
7,017
7,106
7,192
6,975
6,956

6,462
6,405
6,358
6,410
6,449
6,473
6,526
6,531
6,668
6,779
6,459
6,515

518
437
429
425
425
423
445
486
438
413
515
442

26
33
32
24
37
34
29
45
30
31
32
48

492
404
397
401
388
389
416
441
408
382
483
394

8,115
7,945
7,934
7,992
8,016
8,036
8,151
8,061
8,118
8,155
8,197
8,393

8,107
7,919
7,917
7,965
7,963
8,018
8,099
8,018
8,096
8,117
8,164
8,325

8
26
17
27
53
18
52
43
22
38
33
68

60
80
50
54
117
129
201
118
130
131
171
190

-52
-54
-33
= 27
-64
-111
-149
-75
-108
-93
-138
-122

7,021
6,900
6,819
6,850
6,868
6,942
7,037
7,019
7,050
7,118
7,199
7,347

6,574
6,474
6,432
6,459
6,500
6,563
6,672
6,611
6,686
6,758
6,842
6,939

447
426
387
391
368
379
365
408
364
360
357
408

27
35
40
41
50
65
57
93
69
62
76
74

420
391
347
350
318
314
308
315
295
298
281
334

8,348
8,121
8,211
8,235
8,182
8,318
8,386
8,349
8,480
8,530
8,612
8,735

8,324
8,103
8,171
8,204
8,150
8,290
8,341
8,312
8,441
8,483
8,565
8,713

24
18
40
31
32
28
45
37
39
47
47
22

137
106
90
108
144
142
147
191
179
163
225
125

-113
-88
-50
-77
-112
-114
-102
-154
-140
-116
-178
-103

7,371
7,214
7,177
7,234
7,161
7,224
7,297
7,302
7,404
7,483
7,578
7,707

6,983
6,877
6,865
6,907
6,860
6,900
6,968
6,946
7,053
7,138
7,244
7,337

388
337
312
327
301
324
329
356
351
345
334
370

56
64
57
68
80
76
56
91
73
63
88
55

332
273
255
259
221
248
273
265
278
282
246
315

Excess
reserves

Digitized for FRASER


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

Free
reserves

Required
reserves 2

601

Excess
reserves

Borrowings at
F. R.
Banks 8

Free
reserves

. . . .

..

. . . .

..
.. .

.. .

. . . .

Jan. 1961
Feb.
Mar.
Apr
May
June
July
Aug.
Sept
Oct.
Nov
Dec.
Jan. 1962
Feb.
Mar.
Apr.
May
J une
July
Aug.
Scot
Oct
Nov.
Dec
Jan 1963
Feb.
Mar
Apr
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan. 1964
Feb
Mar
Apr.
May
June
July
Aug
Sept
Oct.
Nov.
Dec

MEMBER BANK RESERVES AND RELATED ITEMS


10.2 RESERVES AND BORROWINGS OF MEMBER BANKS, BY CLASS

Reserve city banks 4

All member banks

Cit> of Chic tgo

New York City


Month
Total
reserves
held

Required
reserves l

Excess
reserves

Borrowings
at
F. R, 3
Banks

Jan
Feb
Mar
Apr
May. . . . .
June
July . . .
Aug. ....
Sept. . . .
Get
Nov
Dec

21,620
21,231
21,246
21,511
21,472
21,709
21,863
21,617
21,740
21,958
21,958
22,719

21,215
20,790
20,905
21,145
21,147
21,363
21,513
21,187
21,356
21,614
21,589
22,267

405
441
341
366
325
346
350
430
384
344
369
452

299
405
416
471
505
528
524
564
528
490
452
454

106
36
= 75
-105
-180
-182
-174
= 134
-144
-146
-83
-2

4,116
3,966
4,025
4,111
4,135
4,206
4,155
4,097
4,095
4,112
4,002
4,301

4,073
3,960
4,003
4,086
4,127
4,185
4,163
4,026
4,079
4, 104
3,992 1
4,260

Jan
Feb
Mar
Apr
May
J une
July
Aug
Sept
Oct.
Nov
Dee

22,750
22,233
22,160
22,528
22,487
22,534
23,090
22,655
23,240
23,333
23,251
23,830

22,392
21,862
21,855
22,170
22,117
22,212
22,682
22,317
22,842
23,031
22,862
23,438

358
371
305
358
370
322
408
338
398
302
389
392

402
478
551
626
722
674
766
728
766
733
611
557

= 44
= 107
= 246
= 268
-352
-352
= 358
- 390
-368
-431
-222
-165

4,313
4,168
4, 194
4,326
4,276
4,257
4,437
4,224
4,454
4,438
4,339
4,583

4,278
4,150
4,188
4,270
4,230
4,290
4,350
4,210
4,424
4,435
4,299
4,556

1967- -Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Get
Nov
Dee

24,075
23,709
23,405
23,362
23,284
23,518
23,907
23,791
24,200
24,608
24,740
25,260

23,702
23,351
22,970
23,053
22,914
23,098
23,548
23,404
23,842
24,322
24,337
24,915

373
358
435
309
370
420
359
387
358
286
403
345

389
362
199
134
101
123
87
89
90
126
133
238

-16
~4
236
175
269
297
272
298
268
160
270
107

4,594
4,557
4,612
4,644
4,614
4,701
4,787
4,633
4,797
4,888
4,826
5,052

4,571
4,511
4,608
4,613
4,583
4,664
4,749
4,619 !
4,747
4,871
4,784
5,034

1968- Jan
Feb
Mar.
Apr.. . . . .
May
June. . . . .
July
.
Aug..
Sept
Get
Nov
Dec

25,834
25,610
25,580
25,546
25,505
25,713
26,001
26,069
26,077
26,653
26,785
27,221

25,453
25,211
25,224
25,276
25 , 085
25,362
25,702
25,694 !
25,694
26, 393
26,461
26,766

381
399
356
270
420
351
299
375
383
260
324
455

237
361
671
683 1
746
692
525
565
515
427
569
765

144
38
-315
=413
= 326
-341
-226
-190
= 132
= 167
-245
-310

5,170
5,060
5,149
4,993
4,905
5,120
5,047
4,940
4,886
5,096
5,022
5,157

5,131
5,011
5,063
4,985
4,871
5,029
5,060
4,912
4,868 [
5,071
4,968
5,057

217
27,846
27,063 . 228
217
26,537
152
26,927
300
27,603
343
26,974
116
26,864
303
26,776
236
26,735
143
27,197
253
27,511
257
27,774

697
= 480
-596
824
918
= 701
-844
996
1,402 -1,102
1,407 1 , 064
,190 - 1 , 074
,249
= 946
,067
-831
,135
-992
,241
= 988
-829
,086

5,397
5,190
5,040
5,039
5,174
4,962
4,837
4,963
4,990
5,195
5,376
5,441

5,392
5,194
5,019
5,045
5,134
4,894
4,817
4,922
4,967
5,183
5,350
5,385

5
_4
21
-6
40
68
20
41
23
12
26
56

166
273
115
118
181
187
141
145
272
254
120
272

965
-799
-819
1,092
-781
896
822
= 704
= 795
976
88H
= 701
1,358 = 1,217
= 682
827
-335
607
462
= 208
-305
425
-49
321

5,668
5,458
5,349
5,482
5,307
5,201
5,315
5,381
5,497
5,583
5,441
5,623

5,659
5,424
5,344
5,453
5,302
5,164
5,306
5,378
5,436
5,542
5,444
5,589

9
34
5
29
5
37
9
3
61
41
3
34

1965

1966

1969 Jan
Feb. . .
Mar.
Apr.
May
June
July
Aug
Sept
Get
Nov
Dee

28,063
. 27,291
26,754
27,079
27,903
27,317
26,980
27,079
26,971
27,340
27,764
28,031

1970= Jan. . . .
Feb
Mar
Apr
May
June
July
Aug......
Sept
Get
Nov
Dee. . : . . .

28,858
27,976
27,473
28,096
27,910
27,567
28,128
28,349
28,825
28,701
28,558
29,265

28,692
27,703
27,358
27,978
27,729
27,380
27,987
28,204
28,553
28,447
28,438
28,993

Free
reserves

1
Based on figures at elose of business through November 1959; thereafter on closing figures for balances with Reserve Banks and opening
figures for allowable cash. Beginning with Nov. 24, I960, all currency
and coin held by member banks allowed as reserves; during the period

Digitized for FRASER


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

Borrowings
at
F. R.3
Banks

Excess
ReTotal
quired
rereserves
rej serves
held i serves "

43
6
22
25
8
21
- 8
71
16
8
10
41
35
18
6
56
46
-33
87
14
30
3
40
27

serves

= 70 1,094
-89 1,096
= 98 1,082
= 50 1,085
-13 1,116
135 -114 1 , UK)
126 , =134 1 , 102
12 1,077
103
= 46 1,091
62
-28 1,090
36
7 i 1,086
87
111
1,143

,098

109
93
43
85
86
110

'J?
%21

=; ,

,082
,077
,085
,HO
,096
,100
,075
,088
,085
,084
,128

_4
14
S

3
5
2
15

12
50
50
3s)
10
19
27
38
46
85
32
23 '

-16
-- 36
-45
--39
- 4
- 15
-25
-36
-43
-80
-30
--= 8

45
30
63
38
8
10
66
28
69
98
26
54

-49
-26
-62
- 33

t-j

-74
-75
-37
-29
-40
-143
-6
-26
-93
-124
-71 .

1,112
1,092
1 , 102
1,128
1,149
1,116
1,142
1,098
1,122
1,112
1,079
1,119

,116
,088
,099
,123
,144
,118
,130
,094
,117
,109
,077
,115

- 4
4
3
S
5
^=2
12
4
5
3
2
4

-46
-67
-68
-10
12
7
20
6
39
-10
23
-22 i

1,164
1,099
1,133
1,131
1,133
1,150
1,152
1,153
1,172
1,194
1,191
1,225

,136
,117
,122
,140
,12?
,138
,162
,148
,169
,188
,178
,217

28
-18
11
9
6
12
-10
5
3
6
13
8

-9 1,231
48
106 i -57 1,221
-13 i 1,176
99
-59 1,159
67
-34 1,163
68
22 1,145
69
-25 1 , 190
12
1,165
192 -164
154 -136 1,147
-40 1,182
65
-18 1,153
72
230 -130 1 , 199

,230
,215
1,169
1,160
1,151
1,150
1,181
,161
,143
,177
,155
,184

1
6

1,286
t , 259
1,204
1,202
1,277
1,241
1,197
1,188
1,200
1,228
1,244
1,285

,287
,253
,207
,202
,281
, 206
,207
,196
,186
,235
,254
,267

93

40
123
127
111
122

; -95

69
113
72
41
19
30
18
8
11
27
19
40 j

65
63
65
lit
129
96
86
93

138
169
259

141
110
153
227
176
132
269
159
117
12

a>

25

-60
-67
= 44
-117
-89
-28
-66
52
-64
-126
-143
-203

BorrowFree
reings
at
i! serves
F. R. ;
Banks *

ReTotal
liseess
quired
rerereservesl
serves
serves 2 :
held

23
46
4
31 ;
31
37
38
14 1
50
17
42
18
39
49
86
8
34
91
= 13
28
IS
25
54
100

Free

-132
1,320
-76 1,253
-148 1,265
1,295
-198
-171 1 , 285
-95 J , 250
-260 1,290
- 1 56 !| 1,298
-56 1,316
29 1 , 307
==-63 1,282
9 1,329
I

,316
,264
,249 i
,316
,287
,247
,293
,304
,310 i
,309
1,283
1,322

151 -123
-64
46
-15
26
11 i ^20
I
5
15
-3
5
15
4

13

=1
12
"5
9
4
4
S
- 2
15
6
3

";.: 4
35
10
- -8
14
-10
18
4
-11 '
16 i
21
^-_ ^
3
-=6
6
=2
=L
7

- 12
54
~24
-64
-95
-24
-SO

.!

3
4
66
104
76
38
87
2
23
9
7
85

-2
2
-59
- 105
-64
-43
-78

48
39
98
116
144
27
5
39
5t
19
57
27

-49
= 33
-U)i
-116
- 148
8
-15
-47
-37

-82
--= 58
- 15
-82
- 25
3
132
-67

47
31
61 1
23
129
61
14
11 |
11
4

-i5
4
-9
-70

~%
=9

-13
-12
3

Dee. 1, 1959-Nov. 23, 1960, only part of such holdings were allowed.
Total reserves held exclude balances of unlicensed banks during the
period March 1933-April 1934.

602

MEMBER BANK RESERVES AND RELATED ITEMS


OF BANK, MONTHLY AVERAGES OF DAILY FIGURES, 1929-70Continued
of dollars]

Country banks

Other reserve city banks

Month
Total
reserves
held

2
3

Required2
reserves

Excess
reserves

Borrowings at
F. R.
Banks 3

Free
reserves

Total
reserves
held i

Required2
reserves

Excess
reserves

Borrowings at
F. R.
Banks s

Free
reserves

8,712
8,548
8,562
8,682
8,602
8,653
8,774
8,659
8,683
8,814
8,800
9,056

8,676
8,485
8,546
8,648
8,553
8,635
8,724
8,626
8,640
8,776
8,757
8,989

36
63
16
34
49
18
50
33
43
38
43
67

120
207
163
271
383
287
264
263
286
245
221
228

-84
-144
-147
-237
-334
-269
-214
-230
-243
-207
-178
-161

7,699
7,622
7,576
7,633
7,619
7,750
7,831
7,784
7,873
7,941
8,069
8,219

7,368
7,263
7,279
7,326
7,358
7,448
7,527
7,461
7,549
7,650
7,755
7,889

331
359
297
307
261
302
, 304
323
324
291
314
330

54
53
83
86
91
87
107
160
134
124
112
92

277
306
214
221
170
215
197
163
190
167
202
238

Jan. 1965
Feb.
Mar,
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

9,033
8,827
8,768
8,905
8,936
8,913
9,203
9,039
9,269
9,344
9,306
9,509

9,010
8,771
8,743
8,882
8,852
8,878
9,140
9,018
9,198
9,311
9,258
9,449

23
56
25
23
84
35
63
21
71
33
48
61

164
204
243
261
309
258
375
300
288
279
293
220

-141
-148
-218
-238
-225
-223
-312
-279
-217
-246
-245
-159

8,291
8,146
8,096
8,169
8,126
8,249
8,308
8,294
8,395
8,439
8,528
8,619

7,988
7,852
7,825
7,895
7,891
7,926
8,067
7,995
8,103
8,176
8,229
8,318

303
294
271
274
235
323
241
299
292
263
299
301

84
151
200
242
319
296
232
360
286
229
181
161

219
143
71
32
= 84
27
9
-61
6
34
118
140

Jan. 1966
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

9,584
9,439
9,366
9,397
9,319
9,381
9,564
9,557
9,649
9,878
9,900
10,081

9,567
9,408
9,300
9,382
9,282
9,314
9,542
9,509
9,623
9,860
9,835
10,031

17
31
66
15
37
67
22
48
26
18
65
50

97
115
53
53
46
34
10
32
32
42
51
105

-80
-84
13
-38
-9
33
12
16
-6
-24
14
-55

8,732
8,614
8,294
8,189
8,219
8,285
8,403
8,448
8,582
8,648
8,823
8,901

8,428
8,315
7,940
7,918
7,922
7,983
8,095
8,129
8,304
8,402
8,540
8,634

305
299
354
271
297
302
308
319
278
246
283
267

72
88
48
29
31
44
54
48
47
55
61
80

233
211
306
242
266
258
254
27 1
231
191
222
187

Jan. 1967
Feb.
Mar.
Apr.
May
. .June
July
Aug.
Sept.
Oct.
Nov.
Dec.

10,314
10,271
10,247
10,298
10,268
10,275
10,447
10,568
10,534
10,758
10,863
10,990

10,283
10,218
10,212
10,272
10,195
10,241
10,392
10,501
10,473
10,763
10 , 847
10,900

31
53
35
26
73
34
55
67
61
-=5
16
90

111
126
288
283
262
258
152
161
194
186
274
270

-80
-73
-253
-257
-189
-224
-97
-94
-133
-191
-258
-180

9,120
9,057
9,009
9,097
9,169
9,172
9,317
9,396
9,510
9,617
9,747
9,875

8,809
8,766
8,780
8,859
8,867
8,941
9 , 070
9,120
9,210
9,382
9,491
9,625

311
291
229
238
302
231
247
276
300
235
256
250

75
125
218
229
340
327
274
210 1
144
167
216
180

236
166
11
9
-38
-96
-=-27
66
156
68
40
70

. .Jan. 1968
Feb.
.Mar.
Apr.
May
June
July
. , . Aug.
Sept.
Oct.
Nov.
Dec.

11,271
10,965
10,761
10,914
1 1 , 275
10,986
10,752
10,814
10,668
10,745
10,888
10,970

11,287
10,948
10,768
10,923
11,195
10,922
10,846
10,730
10,654
10,772
10,841
10,964

-16
17
-7
-9
80
64
-94
84
14
-27
47
6

321
420
449
512
618
713
517
480
461
531
572
479

-337
-403
456
-521
-538
-649
-611
-396
-447
-558
-525
-473

10,109
9,877
9,749
9,924
10,177
10,128
10,194
10,114
10,113
10,172
10,256
10,335

9,880
9,668
9,543
9,757
9,993
9,952
9,994
9,928
9,928
10,007
10,066
10,158

229
209
206
167
184
176
200
186
185
165
190
177

263
302
306
257
511
571
582
637
468
447
443
321

-34
= 93
-100
-90
-327
-395
= 382
= 451
-283
= 282
-253
= 144

. .Jan. 1969
Feb.
Mar.
Apr.
May
June
July
Aug.
. .Sept.
Oct.
Nov.
Dec.

11,296
10,975
10,737
11,038
10,978
10,849
11,074
11,174
11,407
11,319
11,216
11,548

11,314
10,913
10,802
11,066
10,948
10,847
11,118
11,178
11,375
1 1 , 270
11 , 274
11,506

-18
62
-65
-28
30
2
-44
-4
32
49
-58
42

455
535
436
372
477
489
682
424
369
338
301
264

-473
-473
-501
-400
-447
-487
-726
-.428
-337
-289
-359
-222

10,574
10,290
10,122
10,281
10,340
10,267
10,449
10,496
10,605
10,492
10,619
10,765

10,403
10,102
9,963
10,143
10,192
10,122
10,270
10,344
10,432
10,326
10,437
10,576

171
188
159
138
148
145
179
152
173
166
182
189

283
400
276
162
300
267
278
183
107
101
53
28

= 112
-212
-117
= 24
-152
-122
= 99
-31
66
65
J29
161

Jan. =-1970
Feb.
. . . .Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

4
Authority of the Board of Governors to classify or reclassify cities as
central reserve cities was terminated effective July 28, 1962.

Based on deposits as of opening of business each day.


Based on closing figures.

Digitized for FRASER


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

603

MEMBER BANK RESERVES AND RELATED ITEMS


10.3 MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS, 1929-70
fAverages of daily figures; in millions of dollars}
All member
banks
Montb

Time
Net
and
demand savings

,
Central reserve
city banks
Net
demand

Time
and
savings

Reserve
city banks
Time
Net
de
and
mand savings

.,

Net
lime
a nd
demand savings

Month

19,101
19,889
18,722
18,521
18,430
18,519
18,733
18,662
18,778:
19 125
19,979
19,112

13,465
13,409
13,347
13,273
13,303
13,242
13,188
13,234
13,311
13,317
13,194
13,070

6,691
6,674
6,643
6,568
6,533
6,655
6,676
6,677
6,719
7 , 000
7,930
7,217

1 836
1,798
,722
,698
,708
,681
,645
,740
,799
845
,804
,726

6-364
6,241
6,158
6 , 099
6,076
6,056
6,128
6,096
6,111
6,165
6,194
6,141

4 821 ft 047
4,795 5,973
4 , 792 5,921
4,752 5,854
4 , 780 5,82
4,779 5 , 808
4,752 5 , 928
4,705 5 , 890
4,734|! 5,948
4 733 *> 960
4,734 5,855!
4,762 5,754

6 , 808
6,816
6,832
6,823
6,815
6,7831'
6.792
6,788i
6.778
6,738
6,657
6,582

Jan.
Feb.....
Mar
Apr.. . . .
Mav . . . .
June....
J u l y . . ,.
Aug.. . .
Sept. . . .
Get
Nov, . . .
Dec
1936

1930
Jan
Feb
Mar
Apr. . . . .
May . . . .
June. . . .
July
Aug
Sept
Get..
Nov.'. '. '. 1
Dee

18,993
19,361
19,554
19,768
20,377
20 , 899
2 1 , 295
21,311
21,179
2 1 , 464
21,872
22,200!

lime
Net
and
demand savings

banks*
time
and
vings

$,521

9,914
9,996
10,031
H),U4
10, 194
1 0 , 1 03
10,107
10,152
10,157
10,289
10,289
10,280

X . 7801
8 , 866
8 , 890
9.2t7
9 S99
9 , 79ft
9,940
10,382;
10 476
10.717
10,883

0"9
]035
,029
,057
,106:
,044'
.OE7-,0391
.020
087
,056
,030

4 0^8

6.050
6 , 0*>4
6,196
6,336
6,523
ft, 643
ft, 780
ft, 78 7
6,821
6,973
7 , 11 il
7,249

4] ob'

4,107
4,1^3
4.120
4,0'^r
4,088!:
4,097
4,l2t;
4,158
4 , 1 S3.i
4 , 20 1

4.422J
4,487,
4,493
4,542
4,ft38
4,ft57!l
4,719
4,584
3,975
4,0! 6
4,045
4 , 069

4,857
4! 881
4,895
4,935
4,969
4,967
5,002

5,015
5,017

5,045
5.050
5 . 049

10,412
10,400
10,474
10,545
10,675
10.694
10,743
10,815
1 0 , 840
10,91(3
1 0 . 894
10,882

10,947
11,150,
11,070!
11,044,
M,353J!
1 1 , 6221
11,764
1 1 , 694
11.807
1 1 , 878
11,927'
I2,017r

,029'
,007
,015
,049
,100
, 094
,049
,077 s
,083
,116
M2
.132

25 , 399
25 , 208
25,073
24,801
24,7481
24, 7 IS!.
24,579"
24,520
24 , 467
24,280
23 , 875
23 , 860

10,975
1 1 ,OH^
1 1 , 1 69
1 1 , 1 63
l!,.!24
11,299
11,369
11,403
1 1 , 538
1 1 , 569
11,555
11,441;]

11,913
11,844
11,719
11,466'
11,336:
1 1 . 349 '
IL173
U.05I
11,131
10,994
10,724
10,759

8 , 654
8,521
8 , 47 1
8 , 444
8.446
, 246 8 . 368
,279 8 , 4 1 1
,252' ,4(>2
,261 8 , 348
, 276 8 , 302
.295 8 , 206
,216 S , 1 69

4,401 4,8,33 5 , 449


4,431 4 H43 5.4H9
4,428' 4,88?, 5,517
4,429- 4,890 5.547
4,450 4,966 ! 5,570
4,464' 5,001' 5,589
4,470 4,994
5,620
4 , 4SS 5,007] 5,666
4,552 4 , 989 5,725
4,550 4,984 5 , 74,3
4.525 4.945 5,735
4,528 4.9,3.! 5 , 696

23,873
23,802
23,664
23,549ii
23, 691 i
23,888
24,031
24 , 1 55
24 , 709
25 , 390
25,664
2ft . 024

1 1 , 503
1 1 , 548
11,555
11,520
11,502
11,521!
11,469:
11,491j
11,496
U,445i
11,430
I ! . .402

10,925
10,971
10.985
10.988
11,225
11,529
11,580
11,604
11,987
12,311
12,1925
1 2 , 607

,201
,222
,218
,204!
,184
,19ft
,187
,188
,206
Jftft
,153
,152 i

4 , 569
4,58ft
4,600'
4,593
4,61"!
4,622
4,609
4 , 59ft
4,588
4,57ft
4.566
4,573

26 , 1 39
26,15
?.6.279
2ft, 769'
27J63J!
?.7,425ii
27.816
28,441
29,353
29,9731!
30,268
30, 474

11.494
1 1 , 525
11 ,586
1 1 , 6??p i
1l]66fi
11 .668
H .690
11,724 i
11.706
11 ,735 !
11,754
1 1 , 750

1 2 , 639
12 , 69 3
12,8711
I3,28ft : !
13,57"?
13,749
B.951
14,413
15J25
15,458
1 5 , 566
1 5 , 608;

il

11 .835
11 ,869
11,970 :
11.987
11,999
2,016
2 , 045
2,08ft
2,123
2,145
12,193
12,204

15,781
16,098
16,287
16,517
16.829
57,221
17,468
J7.387
17,486
17,702
17, 971 1!
18,262

6,079
5 , 944
5,974
6,071
6,026
6,075
6 , 1 69
6 , 1 34
6,136
6,073
6 , 1 02
5.991

4 . 895
4,915
4,924
4 951
4,995
5,019
5,058
5,075
5,137
5 , 1 63
5.309
5,243

5 729
5 ! 677
5 , 648
5 , 67 1
5 , 655
5,603
5 , 558
5 , 466
5,467
5,412
5,372
5,225

6 , 579
6 , 605
6,6421
6.660
6,663'
6,673
6,669:
6 . 674
6 , 693
6 , 689
6,637
6.535

22 254
22.428
22,412
22,669
23,034
23 , 505
24 , 1 07
AlIH. . , . 24,182
Sept.. . 24,532
Get.... 24,895
Nov. . . , 24 , 987
25.352
Dec...

18,572
18,389
18,431
1 8 , 49 1
18^419
18,055
18,122
17,783
17,525
16,859
16,358
15,985

13,477
1 3 , 580
1 3 , 637
1 3 , 688
13,749
1 3 , 545
13,404
1 3 , 259
12,974
12,279
1 1 , 860
11,453

7,405
7 , 348
7,338
7,182
7,285
7,086
7 , 230
7,115
7,113
6,972
6,747
6 , 594

1,798
,867
,844
, 894
,927
,842
,754
,702
,634
,503
,370
,263

6,000
5.942
5,991
6, 146
6 , 045
5,981
5,937
5 , 842
5 , 654
5,320
5,180
5,058

5,182
5,228
5 , 302
S 29 5
5,339
5 , 262
5 , 234
5,190
5,082
4 , 799
4,665
4,547

5, 165
5,099
5,103
5 , 1 63
5,090
4,988!
4,956
4,825
4,758
4 . 567
4.432
4,333

6,496
6,485
6 , 49 1
6.498!
6,483
6,444
6,415
6,367
6,259
5,977
5,824
5 , 643

Jan.,..
Feb. . . .
Mar. . .
Apr....,
Mav...,,
June. . ,
July....
Aug. . . .
Sept. . . .
Get
Nov. . . .
Dec . . . .

15,447
14,787
14,575
14,589
14,677
14,413
14,157
14,141
14,408
14,680
14,864
14,965

1 1 , 145 6,339
10,926 5,964
10,856 5,887
10,797 5 , 995
10.7H7 6,215
10,663 6 , 037
10,555 5,912
1 0 , 603 6,011
10,565 6,250
10,612 6,489
10,612 6,676
10,527 ft. 8 17

1,201
,161
,162
,161
,177
,161
,151
,196
.189
4S
,271
,250

4 , 925
4,761
4,695
4,635
4,553
4,550
4,525
4,489
4,506
4.542'
4,561
4 , 544

4,407 4,183 5,537


4,325 4,064 5,440
4,307 3,993 5,387
4 , 268 3,959 5 , 368
4 , 295 3,911 5,315
4 , 240 ! 3,826 5,261
4, 192 3 720 5,211
3,641 5,186
4,22
4 , 2 1 7 3,652 5 , 1 59
3 , 649 5.145
4.">2
4 , 2 1 8 3.6281 5 , 1 2 3
4 , 207 3,604 5.071

Jan
Feb. . . . .
Mar. . .
Apr. ....
May....
June. . . .
Julv . ,
Aug. . . .
Sent. . .
Get-...
Nov. . .
Dec

Jan.
Feb.'. * '.
Mar.. .
Apr.....
Mav.,,.
June...,
Julv. , .

1937

7 -m
7,311
7,332
7,486
7,470
7,57ft

4,274
4,290
4,3?J
4,339.,
4,406
4,398
4,414
4,419
4,425
4,43.!
4,42^
4,374 : !

8,002
8,154
8,382
8,409
X.567

3,969
3,967
4,011 ;
4,IW"
4,210.
4..WJ;
4,41ft
4,485
4,571
4,635
4,651
4,7ft7

*> i t w

s! 103

5.140
5J57
5,170
5.203
5,280
5,319
5 , 3t2

5 3(P
5! 38 3
5,376

,124
,168

,224
,186
,204

1938
8,099
8,035
7.95ft
7,927
7,951
7,891
7,989
8 , 063 1
8 , 1 ,39
8.375
8 , 499
8.572

4,850 5,732
4,796 5,739
4,723 5,737
4,634 5,719
4,515 5,706
4,468 5,702
4,463 5,672
4,488 5 , 708
4,582 5,701
4.704 5.703
4,773: 5 , 7 1 1
4,8451 5.677

1939
15,116 10,525
14,645 10,333
12,426 8 , 549
13,078 8,632
13,815 8 , 694
14,241 8,732
14, 100 9,060
13,920 9 , 1 1 9
14,027 9 , 1 1 3
1 4 , 243 9,126
14,347 9 , 1 3 9
14,567 9 , 078

7,028
6 , 744
5 , 624
6,126
6 , 640
6,862
6,618
6 , 484
6,533
6,585
6.540
6,517

-S2
!?82
,117
.140
, 109
,107
,191
,174
, 1 59
, 1 59
, 166
, 1 19

4,551 4,241 3,537


4,466; 4 . 1 7 7 1 3,435
3,842* 3,399 2 , 960
3.962JJ 3 . 4 1 2 ! 2 , 990
4.116 !1 ' 3,494 3,058
4,224 i 3,509'! 3,156
4,322;! 3,613 3,160
4,283 3,659 3 , 1 5 3
4,316 3,655 3.178
4 , 409jj 3 , 640 3 , 249
4,478 3,637 3,330
4 , 626 | 3.611 3 , 424j|
3

5,031
4.974
4,033
4,081 i
4.092J:
4,117
4.255
4,286
4 , 299
4,326
4,336
4 , 348

Jan....
Feb....
Mar...
Apr.. . . ,
M'av....
June....
July.
Aug. . . .
Sept. . .
Get... .
Nov. . . ..
Dec.....

1940

1934
Jan.
Feb
Mar
Apr. . . .
May...
June. . .
July....
Aug., . ,
Sept....
Get
Nov....
Dec. . . .

Net
time
de; and
mil ml savings

1
j

,787
,749
1,835
1 , 896
1,926
2,000!
2,117
2 , 086
2,106
2, 14H
2,110
,876

1933
Jan
Feb. . . .
Mar....
Apr
May . . . .
June. . . .
July
Autf
Sept
Get
Nov
Dec.....

'lime
Net
dei and
mand savings

13 261 6,911
13,269 6.641
13,401 6,768
13,506 6,911
13,584 6,964
13,693 7,133
13,843 7,093
13,835 7,145
13,936: 7,104
14,000 7,241
14,056 7,486
1 3 , 654 7,444

1932
Jan
Feb
Mar
Apr
May....
June. . . .
July
Aug
Sept
Get
Nov....
Dec

Reserve
city banks

18 719
18,262
18,390
18,653
18,645
18,812
18,820
18,746
18,707
18,726
18,959
18,660

1931
Jan
Feb
Mar
Apr
May
June. . . .
July
Aug. . . . .
Sept
Get
Nov
Dec

city bunks

1935

1929
Jan.
Feb
Mar.....
Apr
May....
June. . . .
July.....
Aug
Sept
Get
Nov
Dee

,
banks

banks

15,021
15,341
15,851
16,457
16,720
16,988
17,276
1 7 , 490
17,806
1 8 , 208
18,524
18,769

9 227 ft ,721
9,333 ft , 794
9,437 7 , 1 1 5
9,552 7 , 449
9 , 643 7 , 564
9 , 7 1 1 7 , 752
9,796 7 , 870
9,819 7,940
9 , 809 8,032
9,826 8,171
9 , ^40 i 8 , 26ft
9,769 8,361

For NOTE see end of table

Digitized for FRASER


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

, 098
,095
,086
,082
,075 i
,084
,093
,076
,072
,067
t ,055
1.013

4,773
4,878
5,000|
5,1915
5,2601
5,326
5,437
5 534
5,662
5,802
5,932
6,032

3,693
3,727
3,774
3,839'
3,890
3,936
3 , 962
3,982
3 . 969
3,957
3 , 957
3,935

3 . 52H
3 , 668
3,736
3,817
3,896
3,909
3,969
4,016
4,111
4.235
4,326
4,376

4,435
4,512 !
4,578
4,632
4,679
4,691
4,741
4,761
4,767
4,802
4,829
4,821

Jan.
Feb....
Mar...
Apr....
May...
June. . .
July...
Aug. . . .
Sept. . .
Get...
Nov. . .
Dee....

604

30 , 736
3i,01li
3l,l39n
31,475
31,939
32,417
32,820
32,962
33,294
33,929
34.561
35,096

,162: 8 , 627
, 1 66 >; 8 . 600
,170- 8,580
, I82i< 8,671
J8.T H,783
,182!' 8,858
, 202 ) , 034
,220 J.161
,2248 > , 3 1 3
.239 ) , 576
, 249 ) . 729
, 239 ) , 820'i

, 234
,227
,269
,263*
,247*
,263}
,279!
,300'i
,317
,310
.311
,314
j

9 , 899
9 , 888 i
9,859 j
9,969
10,113
10,148 ;
10,263
10,395
10,550
1 0 , 848
11,116 !
11,241

4,614' 4,H74
4,619* 4, 8ft I ' :
4,65Kf 4,828:,
4,ftft 4 . X I 2
4 , 694 4,803
4,685 4,818
4 , (>(>*.) 4, KM
4 , 669 4 , 8ft7
4 , 647 4,91ft
4 , 652 4.939
4.652-1 4,972.
4, 683 1 5 , 04ft

5.719
5,740
5,758
5 , 780
5,790
5,801
S 8\<>
5,835
5,836
5.843
5,854
5 , 828

4,716! 5,055 5 885


4 , 720S 5 , 026 5,921
4,7441! 4,993!: 5,958
4,743 4.989' 5,981
4,759 4,997.' 5,993
4 , 75 1 5,048: 6,002
4 , 747 5,088 6,019
4,744 5 , 1 81* ft, 042
4,74ft 5,257 ft, 060
4,75ft 5,37*?!; 6,079
4,787 5,474 6,094
4,823 5,5^2 _ 6,067

MEMBER BANK RESERVES AND RELATED ITEMS


10.3 MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS, 1929-70Continued
{Averages of daily figures; in millions of dollars]
All member
banks
lontb

Central reserve
city banks

Time
Net
Time
Net
and
deand - demand savings mand savings

Reserve
city banks

Time
Net
deand
mand savings

Country
banks
Time
Net
and
demand savings

Month

35,565
35,919
36,418
36,720
37,240
37,448
: 37,901
38,320
38,801
39,060
: 39,148
39,887

12,331
12,378;
12,396
12,453
12,466
12,448
12,474
12,513
12,545
12,593
12,633
12,493

18,609:
18,724
19,046
18,948
19,220
19,233
19,298
19,218
19,309
19,128
18,732
18,932

1,330
1,349,
1,341
1,335
1,313
1 , 303
1,328
1,339
1,336
1,339
1,343
1,311

11,322
11.495
1 1 , 600
11,852
12,018
12,105
12,366
12,671
12,883
13,143
13,363
13,602

4,864
4,861
4,875
4,898
4,923
4,917
4,901
4,898:
4,902
4,916
4,932
4,898

5,634
5,700
5,772
5,920
6,002
6,110
6,237
6,432
6,608
6,788
7,052
7,352

6,137
6,168
6,180
6,220
6,230
6,228
6,245
6,277
6,307
6,337
6,358
6,284

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

40 301
40 I 870
b
!
41,289
ar
41,411
>r
ay, . . . 42,073
ne . . . . 42 48*
ly
43,712
45,424
ig
46,111
pt
:t
; 48,581:
3V.
; 50,604
JC. . . . . 53,403

12 330
12,179
12,097
12,091
12,118
12,147.
12,233
12,334
12,452
12,581
12,716
12,695

19 031
19,234
19,435
19,367
19,703
19,697
20,016
20,652
20,332
21,225
21,861
23,292

1 288
1,269
1,245
1,232
1,209
1,198
1,196
1,197
1,190
1,193
1,215
1,181

13 731
13,967
14,029
14,178
14,350
14,654
15,272
15,974
16,573
17,460
18,285
19,014

4 817 7 540
4,740 7,668
4,717 7,825
4,706 7,866
4,736 8,020
4,756 8,136
4,784 8,424
4,811 8,798
4,868 9,206
4,915 9,896
4,961 10,459
4,981; 11 ,097

6 225
6,171
6,135
6,153
6,172
6,193
6,254
6,326
6 , 394
6,473
6,540
6,533

Jan
Feb.'.'.^
Mar..,.
Apr
May....
June
July....
Aug. . , .
Sept.- . .
Oct
Nov. . , .
Dec
i

1 2 ,936
13,114
13,214
13,341
13,488
13,702
13,996
14,338
14,550
14,612
14,883
15,081

24,095
23,466
23,451
21,586
20,107
21,062
21,512
22,343
21 ,906
20,112
20,826
21,623

1,207
1,220
1,227
1,229
1,232
1,259
1,272
1,315
1,311
1,299
1,319
1,340

19,854
20,229
20,770
19,942
19,172
20,336
20,771
21,353
21,485
20,185
21,139
22,094

5,097
3,181;
5,228
5,284
5,358
5,443
5,573
5,705
5,785
5,820
5,942
6,040

11,760
12,109
12,385
11,873
11,638
12,354
12,758
13,293
13,544
13,110
13,964
14,668

6,632
6,713
6 , 759
6,828
6,898
7,000
7,150
7,318
7,454
7,492
7,622
7,702

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

58,942
55,557
56,872
58,077
60,121
61,794
57,637
59,347
61,932
63,719
67,084
63,830

15,487
15,615
15,880
16,173
16,539
16,864
17,082
17,510
17,982
18,583
18,987
19,095

22,032
20,441
20,927
21,328
22,254
23,123
21,255
21,530
22,350
22,868
24,271
25,526

1,376
1,378
1,385
1,402
1,430
1,453
1,452
1,496
1,545
1,680
1,679
1,625

22,131
20,955
21,373
21,788
22,482
23J04
21,640
22,444
23,382
24,027
25,157
24,165

6,215
6,279
6,389
6,496
6,640
6,764
6,856
7,021
7,208
7,422
7,605
7,688

14,780
14,160
14,571
14,961
15,385
J5,566
14,741
15,372
16,199
16,824
17,655
37,139

7,896
7,959
8,106
8,276
8,468
8,647
8,774
8,993
9,230
9,481
9,703
9 , 781

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

64,036
64,774
66,406
67,741
70,022
69,444
66,517
68,284
70,641
72,018
73,347
71,520

19,557
19,967
20,462
20,891
21,318
21,638
22,053
22,677
23,236
23,669
23,957
24,022

22,308
22,759
23,382
23,915
25,135
25,015
23,450
23,669
24,393
24,865
25,307
24,383

1,647
1,672
1,717
1,737
1,779
1,798
1,806
1,897
1,952
1,945
1,969
1,958

24,281
24,276
24,861
25,310
26,015
25,904
24,880
25 , 889
26,734
27,059
27,513
26,975

7,874
8,042
8,251
8,391
8,553
8,689
8,841
9 , 1 27
9,345
9,521
9,640
9,683

17,446
17,738
18,162
18,517
18,872
18,525
18,186
18,726
19,514
20,093
20,527
20,162

10,036
10,251
10,494
10,762
10,986
11,151
11,405
11 , 654
11,938
12,203
12,348
12,381

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

71,872
71,556
71,302
71,315
72,674
74,143
74,277
74,507
75,251
75,378
76,193
77,077

24,469
24,787
25,134
25,354
25,660
25,986
26,304
26,602
26,732
26,924
27,054
27,030

24,196
23,965
23,556
23,511
24,080
24 , 603
24,583
24 , 400
24,633
27,651
24,866
25,197

2,002
2,029
2,044
2,069
2,128
2,196
2,192
2,231
2,233
2,245
2,249
2,272

27,144
26,846
26,692
26,510
26,873
27,295
27 , 288
27,482
27,629
27,613
27,915
28 , 207

9,852
9,959
10,095
10,154
jO,251
10,362
10,494
10,583
10,632
10,716
10,776
10,787

20,533
20,745
21 ,054
21,295
21,721
22,244
22,406
22 6*^5
22,989
23,114
23,413
23 , 674

52,615
1 2 , 799
12,995
13,131
13,281
13,428
13,618
13,788
13,867
13,962
14,029
13,972

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

b
ir
ir
y
se
y

Ig
?t

t
>v
!C

55 710
55,804
56,606
53,401
50.9J6
53,752
55,041
ag.
; 56,989
56,935
pt
53,408
:t
ov.. . . . 55,928
58,385
sc

Time
Net
de
and
mand savings

Time
Net
and
demand savings

Net
Time
and
demand savings

Net
Time
deand
mand savings

24,956
24,276
24,212
24 , 206
24,519
24,862
25 , 264
25,134
25,499
25,662
25,464
25,848

2,304
2,299
2,311
2,307
2,318
2,335
2,333
2,340
2,359
2,359
2,355
2,342

28,100
27,309
27 , 1 30
26,998
27,105
27,401
27 , 704
28,20]
28,764
29 , 1 83
29,300
29,541

10,897
10,958
11,083
11,141
11,191
11,220
11,256
1 1 , 272
11,328
11,362
11,367
11,351

23,563
23,118
22,899
22,788
22,830
23,126
23,491
23,756
24,190
24,642
24,891
25,037

14,114
14,208
14,283
14,323
14,371
14,419
14,479
14,525
14,572
14 , 625
14,596
14,503

80 517
78 [739
77,791
76,956
77,342
77,490
77,495
78,267
78,907
79,072
79,419
80,020

28 407
28,541
28,628
28,620
28,609
28,718
28,818
28,773
28,776
28,811
28,743
28,624

25 928
25,265
24,835
24,438
24,517
24 , 559
24,325
24,524
24,568
24,552
24,485
24,790

2 ^70
2,424
2,451
2,457
2,468
2,570
2,632
2,601
2,604
2,597
2,587
2,644

29 610
28,761
28,153
27,820
28,081
28 , 1 1 6
28,298
28,626
28 , 840
28,895
29,173
29 , 394

1 1 445
11,494
11,319
11,300
11,298
11,285
11,309
1 1 , 303
11,302
11,331
1 1 ,322
11,291

24 979
24,713
24,803
24,699!
24,744
24,815
24,872
25,117
25,499
25,624
25,761
25,836

14,587
14,' 623
14,858
14,864
14,842
14 864
14,873
14,869
14,870
14,882
14,832
14,689

79,735
78,410
77,756
76,605
76,171
76,387
76,447
77,856
78,900
79,563
80,053
81,076

28,891
28,940
29,049
29,110
29,210
29,287
29,321
29,277
29,262
29,263
29,161
29,050

24,648
24,153
23 , 894
23,570
23,560
23,856
23,932
24,437
24,762
24,468
24,327
24,763

2,673
2,658
2,681
2,676
2,740
2,799
2,788
2,757
2,764
2,723
2,728
2,764

29,401
28,804
28 , 575
28,030
27,873
27,821
28,064
28,804
29.228
29,891
30,187
30,501

11 ,426
11,468
11,514
11,542
11,578
11,611
11,645
11,629
11,617
11,657
1 1 , 605
1 1 ,607

25,686
25,453
25,287
25,005
24,738
24,710
24,451
24,615
24,910
25,204
25 , 539
25,811

14,792
14,814
14,855
14,892
14,892
14,878
14,888
14,891
14,881
14,882
14,828
14,679

81,594
80,753
80,156
79 , 660
79,831
80,818
81,376
81,1 29
83,297
83,676
84,515
86,368

29 , 298
29 , 378
29,499
29,584
29,667
29,732
29,683
29 , 527
29,456
29,465
29,417
29 , 373

24 , 754
24,213
23,911
23,637
23,678
24,196
24,111
24,317
24,853
24,771
24,802
25,712

2,803
2,783
2,782
2,768
2,818
2,878
2,868
2,867
2,875
2,871
2,895
3,019

30,887
30,478
30,220
30,029
30,098
30,377
30,781
31,035
31,388
31,617
31,973
32 , 662

1 1 , 706
11,725
11,750
11,776
11,791
11,815
11,781
11,686
1 1 , 639
11,649
11,625
1 1 , 569

25,954
26,063
26,025
25,994
26,054
26,247
26,459
26,777
27,056
27,288
27,740
27,994

14,788
14,870
14,968
15,039
15,060
15,043
15,034
14,974
14,942
14,945
14,896
14,785

86,728
86,036
86,949
86,851
86,085
86,750
86 , 744
86,841
87,816
89,167
89,908
91 ,953

29,628
29,559
29,585
29,638
29,652
29,817
30,082
30,218
30,361
30,577
30,689
30,709

25,453
25,088
26,002
26,083
25,330
25,987
25,556
25,154
25,633
26,060
25,794
26,660

3,048
3,013
3,058
3,070
2,971
2,994
3,016
2,992
3,026
3,046
3,064
3,106

32,995
32,531
32,437
32,417
32,298
32,377
32,808
33,060
33,265
33,804
34,280
35,027

11,707
11,697
1 1 , 605
11,623
11,704
11,792
11,917
11,978
12,025
12,136
12,171
12,212

28,280
28,417
28,511
28,351
28,456
28,387
28,380
28,627
28,917
29,303
29,834
30,266

14,873
14,849
14,923
14,945
14,976
15,031
15,149
15,248
15,310
15,395
15,454
15,391

92,107
90,907
90,827
89,931
89,915
91,217
93,607
92,473
92,921
94,077
94, 14
96,624

31,067
31,240
31,488
31,618
31,770
32,044
32,229
32,377
32,569
32,853
33,010
33,108

26,702
26,365
26,613
25,919
26,075
26,728
27,710
26,601
26,506
26,624
26,491
27,208

3,078
3,082
3,174
3,172
3,194
3,279
3,252
3,210
3,250
3,290
3,371
3,453

35,119
34,365
34,273
34,125
33,961
34,423
35 , 274
35,140
35,367
35,974
36,396
37,045

12,388
12,470
12,552
12,596
1 2 , 655
12,748
12,862
12,934
1 3 , 004
13,127
13,173
13,227

30,287
30,176
29,941
29,887
29 , 878
30,065
30,623
30,734
31,049
31,480
31,927
32,372

15,601
15,689
15,762
15,850
15,921
16,016
16,115
16,232
16,315
16,436
16,466
16,429

1952

1946
n
eb
far
,pr. . . . .
lay
me. . . .
aly
.ug
spt

27,315
27,465
27 , 677
27,772
27,880
27,973
28,067
28,137
28,259
28 , 345
28,318
28,196

1951

1945
in
;b. . . . ;
lar
pr+ . . . .
lay....
me
ly
ug
ipt
ct
ov
>ec*

76,619
74,703:
74,240
73,992
74,454
75,388
76,460
77,090
78,452
79,488
79,654
80,426

1950

1944
u.^ .
:b
.ar
;
pr
.ay
me. . . .
ily ;. . . . ..
ug. . . . .
:pt
ct
ov
ec

ICt

Country
banks'

1949

1943
n..
(b
ar. ....
?r
ay
ne . . . .
ly

ec

Reserve
city banks

1948

1942
3.

r0v

Centra reserve
city banks

1947

(941
1. 4

All member
banks

For NOTE see end of table.

Digitized for FRASER


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

605

MEMBER BANK RESERVES AND RELATED [JEMS


!0.3

MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS,

1929-70Continued

[Averages of daily figures; in millions of dollars'


All me m betbanks

Month

Time
Net
and
demand savings

Central reserve
city banks
Net
demand

Time
and
savings

Country
banks

Reserve
city banks
I
Net
Time
deand
mand savings

Net
Time
deand
mand savings

Momh

95,627 33,452 26,496


93 , 802 33,609 25 . 79 1
91 341 33,857 25,939
91 S74 34,015 25 141
90,618 34,242 24,960
91 ,376 34,515 25.52S
92,976 34,775 26 , 029
94,241 34,926 26,281
9 * , 99 1 35,126 26,138
9 * , 604 35,536 25,995
95,010 35,706 2 6 . 1 7 7
96,055 35,832 26.336

.431
,418
, 506
,SlO
,534
,612
,639
,614
,676
3 , S48
4.014
4,147

3'6,77i
35,898
15.579
34 , 940
34.484
34,719
35,566
36,170
35,927
35,710
36.410
36,989

1 ,380
I ,447
.512
S74
,662
,759
,848
,901
,956
14,064
14,067
14,147

32,357 16.642
16.744
37^824 1 6 . 840
11 491 16 912
3 1 . I 74 17.046
11 129 1 7 , 1 44
31 ,381 17,288
3 1 , 790 1 7 , 4 1 1
11 .927 17,494
3 1 . 880 17,624
32,423 17,624
32.729 17,538

Jan
Feb
Mar.. . .
Apr.
May....
June. , . .
July. . . .
Aug.. . .
Sept.. . .
Ocl
Nov.. . .
Dee

96,003
94,175
93,755
92,235
93,003
93,928
93,925
94 , 89 1
94,970
98 , 09 1
99 , 566
00,687!

36,247
36,565
36,985
37,354
37,721
38,088
38,551
38,906
39,057
39 , 276
39 , 223
39, 109

26 , 265
25,754
25,826
25 , 3 1 2
25,852
26,277
25,882
26,223
">S 8S">
27 ] 1)1 6
27,022
27,310

4 . 1 90
4.246
4.398
4,465
4.559
4,683
4,841
4,942
4,934
4 . 899
4,868
4.902

37,072
36.172
35,828
35.283
35,604
35,889
36,254
36.806
36,843
37,952
38,701
39.212

14.320
14,488
1 4 . 609
14,789
14,943
I S 064
15,191
15,297
IS 193
15.523
15,523
1 5 . 562

32,667
32,250
12. 101
3 1 , 640
3 1 , 546
11 ,762
3 1 . 789
31 ,861
12 276
33. 124
11 844
34 , 1 67

17.737
17,831
17,978
18,101
18,219
18 M2
18,518
18.667
18 711
18,854
18.833
18,645

Jan
Feb
Mar.. . .
Apr
May....
June. . . .
July... .
Aug.. . .
Sepi.
Oet
Nov. . , .
Dec.

'AUB
Sept
Oct.
Nov
Dec

99,854
98,486
97,513
98,358
98 , 1 70
98 , 045
98,370
98,139
98 223
99,371
99 , 748
101,264

39 ,416
39,493
39 , 656
39,713
39,772
40,010
40,125
40,206
40,325
40,484
40,402
40,288

26,791
26,459
26.386
26,629
26,438
26,367
26 , 344
25,931
25,721
26,034
25.733
26,621

4,882
4,836
4,789
4,761
4,690
4,754
4,668
4,630
4,653
4,711
4,764
4,741

38,919
38.084
37,572
38,185
38,037
37.846
38 , 1 20
38,169
38 , 1 20
38,567
38,818
39 , I 62

15,764
15,820
15,972
16,003
16,056
16,132
16,224
16.240
16.260
16.347
16,297
16.307

34,144
33,944
33,556
33,544
33,695
31,8^2
33,907
34,040
34.382
34.770
35. 19?
35,481

18.770
18.837
18,895
18,949
19,026
19,125
19,233
19,336
19,412
19,426
1 9 , 34 1
1 9 , 24 1

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

Ana
Sept
Oct. . .
Nov
Dee

100,931
9S.587
99 , 266
99, 193
98 , 9 1 1
99 , 287
98,571
98,401
99 ,719
99,695
IOO,S45
102,503

40,407
40,390
40,616
40,747
40,829
41 , 1 8 1
41,434
41,565
41 827
41,966
41,717
41,716

26,321
25.470
26,255
25,878
25,714
26, 174
25.585
25.604
25.848
25,417
2 ? , 588
26.477

4,625
4,518
4,561
4,601
4.574
4 , 707
4 . 694
4 . 699
4,753
4,752
4,647
4,684

39,132
38.155
38 . 278
38,485
38, 3 U
38,190
38,173
38. 151
38,667
38,729
39 , 078
39 , 644

16,381
16,372
16,434
16,448
16,510
1 6 . 630
16.716
16,744
16,887
16,916
16,860
16.931

35,478
34,963
34,732
34,830
34,863
34,924
34,813
34 . 646
IS "W
35,549
36.1 80
36,381

19,401
19,498
19,622
19.698
19,745
! 9 , 844
20.024
20, 122
20, 187
20,298
20,209
20.101

Jan
Feb
Mar.. . .
Apr
May....
June
July....
Any. . . .
Sept. . . .
OCL
Nov.. . .
Dee

101,694
98,71 3
98,728
99,962
98 , 640
99 , 1 39
99,728
97,960
98,749
99,562
98,943
10 1 , 123

42,460
42,945
43,570
44,005
44 , 340
44,757
45,057
45,297
45,576
45,924
45 770
45,934

26,090
2S, 142
25 , 880
25,757
25,320
25,933
25,814
25, 111
25,353
25.479
24.984
25,878

4,743
4.777
4,959
5,084
5,09-1
5,117
4.982
4,921
4,968
5,014
4 . 996
5,081

39 , \-> I
38,026
37,823
38.735
38.047
37,934
38 , 502
37.820
37,948
38 . 1 77
38.105
39,023

17,209
1 7 , 407
17,555
17,657
17,801
18,013
18 18S
18 270
18,364
18.497
18,533
18,639

36,283
35.344
IS O^S
35,47')
35,273
35,271
1S.4P
3 S , 007
35,447
35,905
35,853
36,220

20,509
20,760
21.056
21 ,264
21 .445
21 ,627
^1 891
22 106
22.245
22,411
22.241
22,214

Jan
Fcb
Mar. . . ,
Apr
May. . . .
June, . . .
lul\
Au 1 :. . . .
Sept. . . .
Oct.., .
Nov.. , .
Dec

100,232
9S , 1 76
99 , 069
99,935
1 00 , 240
102,411
102, 141
102, 1 12
101 ,757
102.631
103,463
105,682

46,768
47 , 945
49 , 238 *
50,237
5 1 , 084
5 ! , 89 1
52,644
52,960 !
53, 104
53,053
52,732
52.75

25 174
25,052
25,923
25,919
26,0*J6
27 . 503
26.933
26,375
25,815
2S 746
25.S14
26,395

5,240
5 , 79S
6,214
6.411
6.524
6 , 689
6,729
6,665
6 . 696
6.587
6,498
6,586

38.77S
37.894
38,223
38,898
39,086
39 . 803
40.002
40 , 347
39,968
40, 192 i
40,536
41,349

18.966
19,313
19,765
0, 186
0,664
1 ,029
1 , 342
1,471
1 ,444
1,372
I "* ~* "
21 ] 574

36,080 i
35,230
34.923
35,098
35,058
35,105
35,206
35,390
35,973
36,692
37,392
37.939

22.562
22.834
23 , 259
23 , 64U
21,895
24, 173
24.572
24,825 j
24 , 964
25.094
25.008
24,951

Jan
Fcb
Mar.. . .
Apr
May....
June. . . .
July. . . .
Aug. , . .
Sept. . . .
Oet
Nov. . . .
Dec

For NOTE see next page.

Digitized for FRASER


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

Net
demand

05,544
03 , 680
02.448
04 274
03,458
02,847
04,321
03 . 655
04 , 069
04,071
04,458
06,070

SI 522
53 , 590
51,928
S4 287
54.565
54.813
54.818
54,642
54 , 543
54,374
51.8i8
53,691

26.385
25,958
25,862
26,117
25 , 864
25.574
26,010
25,428
25.416
25,336
25.061
25 , 942

6,667
6,627
6.720
6.728
6,653
6.575
6,452
6.355
6.273
6 , 1 69
5.992
5.937

41 , 144
40 . 240
39 . 800
40,620
40 . 1 94
40 , 004
40,632
40,490
40,526
40,439
40,719
41 ,376

21.678
21,660
21,720
21.776
21 .927
22.110
22,075
21 .964
21 ,925
21.865
2 1 . 666
21 .647

38,015
37,482
36,785
37,537
37,400
37 , 269
37,679
37,736
38,127
38 . 297
38 , 678
38.752

25,177
25,303
25.48S
25 , 783
25,985
26, 12S
^6 28*'
26,323
26,345
26,340
26, 180
26,107

05.417
0 1 . 863
00,72S
01,108
01 .455
01 ,716
02,564
02,078
02,459
03 , 380
03.937
OS HI

53,737
53,554
51,795
54.182
54,485
54.871
55.520
56,245
56 890
57,456
57,599
58,095

25,750
24 . 740
24 , 664
24,713
24,968
25,058
25 , 340
24,965
25 423
25.429
25,046
25,852

5 , 805
5,671
5,713
5.812
5.892
5,937
6,031
6,197
6,117
6,449
6.659
6.906

40,983
39,074
38,467
38,823
38,854
39,006
39,527
39 , 508
19, 182
39,933
40,292
40,776

21,631
21.151
20,880
20 , 948
21 ,074
2 1 , 205
21,486
21,758
21 ,986
22,133
22,180
22,445

38,682
38,047
37,594
37,571
37,632
37.650
37,69?
37 , 604
17,653
38,017
38 , 598
38 , 502

26,3001
26 7 I
27,201
27,421
27 , 5 | s
27,727
28, 00:
28,28<>
28,5h(,
28,874
28,76(1
28,74'.

05,145
03,018
02.358
102; 158
102,048
102,576
102,638
103,399
104,342
106,637
107,204
109, 195

59,030
60,428
61,410
62,302
63 , 396
64,141
65,010
65 , 607
66,168
66,743
66,743
66,071

25,908
25 . 304
24 , 267
24 959
24,909
25,432
25,173
25,136
25,378
25,688
2S 342
26,376

7,016
7,409
7,611
7,912
8 , 305
8,511
8,805
8,958
9,108
9,241
9 201
9.225

40,688
39,771
39,418
39,536
39 . 346
39 , 34 1
39 , 592
40,038
40,255
41,348
41,715
42,396

22,896
23,615
23 , 899
24,208
24,672
24,983
25,316
25,552
25,753
25,965
26,021
26,165

38,548
37,941
37,672
37,662
37,792
37,802
37.872
38,224
38,707
39,600
40,145
40,421

29, I K ,
29,401
29 , 8'M)
30,181
30,4H>
30,64ft
30.88S
3 1 ,0*1 1.
31,301
31.5.V,
31,521
31,58(1

1 08 . 348
10S 207
104,588
105.088
105,558
106,044
106.212
105,095
106,466
1 07 , 840
107,681
110.281

68,361
69 , 940
7 1 , 602
72,811
73,673
74,722
75,591
76, 1 2 1
76,807
77 , 708
78,093
79 . | 7 1

25.942
25,052
25, 152
25 , 048
25 , 302
25,531
25,312
25 , 079
25 111
25,572
25,058
26,432

9 , 298
9 , 679
10,078
10,238
10,421
10,775
10,910
11,176
1 I , 302
11,484
1 I ,685
I 2 , 244

41,906
40,439
40,341
40,729
40,712
40,948
41,095
40,297
40,473
40 , 847
40,883
41.715

26,858
27,483
28 , 1 62
28,733
29, 148
29 , 449
29,701
29,615
29 ,753
30,045
30,133
30,438

40,499
19 71 S
39,095
39 310
39 , 543
39 , 564
39 , 804
39,719
40,661
41,420
41 ,740
42,134

32,201
32,777
33,3ou
33,8^
34, 104
34,4')7
34,97S
35.32S
35.7*1
36,17'J
36,27-1
36.4XS

1 10.458
107,227
1 06 , 604
106,675
106 999
107,733
1 OS . N S4
106,707
108,362
108,644
1 09 , 3 24
1 1 2 . 404

80.821
82.056
83,554
84,569
85 , 556
86.331
87 . 1 14
88,233
88,960
89,893
90.604
91,316

26.485
25,437
25,498
"5 ">92
25,515
25 , 599
2S.523
24,578
25,263
25.028
24,778
26,208

12.661
12.965
13,354
13,519
1 3 . 748
1 3 , 763
11,881
1 4 , 297
14,570
14,782
1 5 . 268
15,541

41,571
40,331
40,177
40,364
40,247
40,501
40 , 9 1 7
40,332
40,147
40,817
41 ,060
41 ,950

31 ,138
3 1 . 609
32,183
32,627
33,038
3.1,372
33,695
34,055
34 , 297
34.558
14 721
35,060

42,401
41,458
40,928
41,019
41,236
41,632
42,412
41,796
4"> 1S2
42,797
43,485
44 , 246

37,021
37.4SI
38, O K .
38.4:.:
38,7<>s
39,1'^
39,5Si,
39,8Sn
40,0'*',
40.55.'
40, hi >
40,71 -i

112.227
108,653
108.967
109. 116
108.6.18
110.235
1 10.770
109,777
1 1 2 . 004
1 12,556
113.496
1 16, 151

93,189
94.494
95,486
96,235
97 , 353
98,224
98.961
99,824
100.475
101 .551
102,136
102,970

26.048
24,992
25,221
25,009
25,412
25,895
25.717
25.266
26,001
25,833
25,465
26,591

15.961
1 6 , 234
16,462
16,520
1 7 , 034
17.659
17,843
18,072
1 8 , 1 18
18,393
i 8 , 804
19,029

41,735
40,243
40.572
40,695
40,250
41 ,037
4 1 , 300
41 ,056
41 .777
41 ,970
42,486
43,311

35,959
36,583
36,917
37,250
37,728
37,973
38 . 1 67
38,454
38,693
38 , 960
38,870
39,169

44,442
43,416
43,173
43.411
42.975
43,302 .
43,753
43,454
44,225
44,752
45 , 545
46,249

4 1 , :<.s
41 ,67*.
42, im,
42, 4 t , ;
42. 5 f i t
42]s'ii
42 ( t s t l
43 , 2' ;
43.6M
44,1't '
44, 4M
44,771

Time
and
savings

1964

1958
Jan
Fcb
Mar
Apr
May . . . .
June. . , .
July
Aiiv;
Sept
Oct
Nov
Dec. . . .

Net
Time
deand
mand savings

1963

1957
Jan
Feb
Mar
Apr
May. . . .
June. . . .
July
AUJI.
Sept
Oct
Nov
Dec

Nel
Time
dc- ,
and
mand savings

1962

1956
Jan
Feb
Mar
Apr
May. . . .
June. . . .
July
Aug
Sept
Oct
Nov
Dec

Net
Time
deand
mand savings

Country
banks

1961

1955
Jan.
Feb
Mar
Apr.
May. . . .
June. . . .
July

Reserve
city banks

I960

1954
Jan
Feb.
Mar
Apr
May. . . .
June
July

Central reserve
city banks

1959

1953
Jan
Feb
MaiApr
May....
June. . . .
July
Any
Sept.
Oct.
Nov
Dec.

All member
banks

606

MEMBER BANK RESERVES AND RELATED ITEMS


10.3

MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS, 1929-70Continued


[Averages of daily figures; in millions of dollars]
Reserve city banks

Reserve city banks


All member
banks
Month
Net
Time
and
demand savings

AH member
banks

All other
banks

New York City


and Chicago

Other

Net
Time
deand
mand savings

Net
Time
deand
mand savings

Net
Time
deand
mand savings

Month
Net
Time
deand
mand savings

1965
Jan
Feb
Mar
Apr. . . . .
May....
June . . . .
July
Aug
Sept
Oct.
Nov
Dec

26,591
25,681
25,765
26,223
26,460
26,632
26,520
25,420
25,814
25 844
25,133
26,988

19 , 609
20,144
20,734
21,133
21,784
22,167
22,202
22,676
22,705
23 129
23,264
23,403

42,767
41,395
41,693
42,220
41,609
42,049
42,406
41,671
41 , 659
42,351
42,173
43,532

40,486
41,372
41,679
42,048
42,196
42,439
43,187
43,756
44,173
44 725
44,967
45,174

46,207
45,090
45,027
45,302
45,417
46,024
46,490
45,755
46,320
46,909
47 , 683
48,686

45,601
46,324
46,908
47,254
47,700
48,131
48,710
49,266
49,775
50 525
50,842
51,186

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

1 19 , 696 121,407
115 886 122,377
115,420 123,659
117,025 125,396
116,301 126,836
116,917 127,003
118,183 128,383
114,165 129,234
115,598 128,965
116,265 128,358
115,742 127,234
119,168 127,888

27,007
26,032
26,261
26,752
26,569
26,782
26,549
25,082
25,969
26,079
25,351
27,165

23 , 438
23 582
23,851
24,467
24,753
24,729
24,955
24 , 903
24,266
23,331
22,526
22,457

43,488
41,985
41,700
42,379
42,032
42,151
42,914
41,555
41,687
42,132
41,893
42,926

45,867
46,094
46,550
47,242
47,905
48,072
48,583
48,911
48,901
48,765
48,447
48,808

49,200
47 , 868
47,458
47,893
47,699
47,983
48,719
47 , 527
47,941
48,054
48,497
49,075

52,100
52,701
53,257
53,685
54,177
54,201
54,844
55,420
55,797
56,261
56,260
56,622

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

Net
Time
deand
mand savings

Net
Time
deand
mand savings

Net
Time
deand
mand savings

23,271
24,050
24,510
24,582
24,740
25,374
26,001
26,838
26,676
26,682
27,031
27,028

43,113
41,709
42,024
42,740
41,984
42,036
43,272
42,898
43,469
44 , 894
44,700
45,770

57,637
58,527
59,523
60,382
61,294
61,979
62,604
63,400
63,994
64,730
64,964
65,239

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

128,805
125,198
124,904
125,411
124,180
126,036
127,480
126,459
128,243
130 203
130,055
135,870

149,446
150,932
152,229
152,047
152,274
152,231
153,979
157,139
158,577
160,981
162,343
163,784

29,706
28,757
28 , 847
28 , 579
27,972
28,991
29,108
27,887
28,381
28,312
27,589
30,163

26,733
26,353
26,192
25,479
25,121
24,875
25,487
26,104
26,132
26 708
27,206
.27,522

46,066
44,941
44,756
45 , 146
44,629
44,937
45,509
45,774
46,021
47 241
46,986
48,734

56,786
57,665
58,102
58,028
58,147
58,072
58,558
60,082
60,717
61 555
62,041
62,629

53,032
51,500
51,271
51,685
51,578
52,106
52,861
52,797
53 , 840
54,649
55,479
56,972

65,926
66,913
67,934
68,539
69,004
69,283
69,932
70,952
71,726
72 717
73,095
73,632

136,250
132,130
129,770
133,216
131,987
130,467
130,199
130,456
132,755
132,762
134,637
138,940

162,723
161,786
161,643
160,942
160,091
158,622
155,394
153,143
151,832
151,055
150,048
149,674

30,561
29 , 954
28,988
29,719
29,657
28,516
28,560
29,721
30,335
30,242
30,651
31,938

26,096
25 , 064
24,307
23,476
22,621
21,734
20,355
19,578
19,164
19,188
19,474
19,700

48,600
47,118
46,453
47,818
47,225
46,557
46,159
46,004
46,634
46,728
47,314
49,056

62,608
62,050
61,830
61,513
61,282
60,530
59,098
57,799
56,947
56,192
55,333
54,834

57,088
55,057
54,328
55,678
55,103
55,393
55,478
54,730
55,784
55,792
56,672
57,945

74,018
74,671
75,505
75,952
76,188
76,357
75,940
75,765
75,721
75,674
75,239
75,140

139,559
133,491
134,352
136,958
133,014
133,910
135,445
135,002
136,940
137,751
137,991
144,653

148,930
148,822
151,009
153,778
154,879
155,672
160,852
166,035
169,850
171,363
174,852
178,149

32,145
31,163
31,422
32,217
30,847
30,906
31,339
30,813
31,738
31,691
31,304
33,690

19,518
19,367
19,954
20,552
20,082
20,037
21,920
23,450
24,508
25,591
25,906
26,701

49 , 108
46,791
47,437
48,045
46,612
47,106
47,785
47,853
48,265
48,715
48,668
51,213

54,466
54,133
54,729
55,914
56,689
56,963
59,049
61,381
63,228
64,225
64,911
66,238

58 , 305
55,536
55,492
56,696
55,554
55,897
56,321
56,335
56,936
57,344
58,017
59,749

74,944
75,321
76,325
77,312
78 , 107
78,672
79,881
81,204
82,112
83,346
84,034
85,208

1969

1970

1967
Jan
Feb
Mar
Apr
May....
June. . . .
July
Aug
Sept
Oct
Nov
Dec

Other

1968
115,566 105,697
112,166 107,840
112,487 109,322
113,745 110,436
113,488 111,681
114,706 112,738
115,417 114,099
112,847 115,699
113,794 116,654
115 105 118 380
114,991 119,075
119,207 119,765

1966
Jan
Feb.
Mar
Apr
May. . . .
June. . . .
July
Aug
Sept
Oct
Nov
Dec

All other
banks

New York City


and Chicago

119,758
116,242
116,918
118,424
117,042
117,679
120,136
118,522
121,303
124,169
124,262
127,752

131,125
133,992
136,291
137,880
139,430
141,258
143,053
145,216
146,031
146,950
147,591
148,133

27,078
26,298
27,133
27,370
27,064
27,410
27,852
26,674
27,644
28,513
27,773
29,527

50,216
51,414
52,257
52,915
53,395
53,904
54,447
54,946
55 , 360
55,537
55,596
55,865

49,565
48,234
47,760
48,313
47,993
48,233
49,011
48,949
50,189
50,761
51,788
52,453

For a description of the changes in the net-demand-deposit concept see


the text of Section 2 of this publication.

NOTE.New York City and Chicago were classified as central reserve


cities until July 28, 1962, when that designation was terminated by the provisions of Public Law 86-114.

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607

10.4

MEMBER BANK RESERVE REQUIREMENTS, 1917-70


(Per cent of deposits)

Net demand
deposits 2 - 4

Net demand deposits -

Effective date
of change 1

0\

1917 June 21
1936 Aug. 16
1937 Mar. 1
May 1
1938 Apr. 16
1941Nov. 1
1942 A u j . 2 0 . . . .
bept. 14
Oct. 3
1948 Feb 27
June 11
Sept. 24, 16
1949 May 5,1
June 30, July 1 . .
Aug. 1 .
Aug. 11, 16
Aug 18
Aug. 25..
Sept 1
1951 -Jan. 11, 16
Jan. 25, Feb. 1 . .
19S3=July 9 1
1954 June 2 4 , 1 6 . . . . . .
July 29, Aug. 1 . .
195S Feb. 27, Mar. 1 . .
Mar. 20, Apr. 1. .
Apr. 1 7 . . . . . . . . .
Apr. 24.
1960 Sept. 1 . . . . . . . . .
Nov. 24
Dec. 1 . . . .
1962 July 28
Oct. 25, Nov. 1 .

_
Central reserve Reserve city
banks
city banks

13
19 V4

22-y4

26
22%
26
24

10
15
17%
20
17V4
20

Country
banks

Time deposits
(all classes
of banks)

7
10%

3
4%

12%

5 [ /4

14
12
14

5
6

23 Vi
23
22 'A
22
23
24
22
21
20
19%
19
18%
18
17%

16%
C3)

1966July
Sept.
1967 Mar.
Mar.
1968Jan.
1969Apr.
1970Oct.

19J/2

16
15
14
13
12

19
18%
IB
19
20
19

13
14
13

18
17%
17

12
11%
11

7%

15
""*'

Legal requirements on
Dee. 31, 1970:
Minimum .
. .
Maximum . . . . . . . . . .

Over S3
million

17

17

Under S5
million

fc

10
22

12
12%
12%

...
li
!
I

7
14

6
5

'

Over $5
million

\
j
1

12%
13

, 1 3

'

' 1

Other
time deposits

I
Under $5 \ Over $5
million
million

I1
I
)
il

64
3%
3
...

3%
3
.

3
10

|.

'"

G4

ij

3
10

M
oo

tn

5
6

!
E

'.

i
:]

Savings
deposits

i;

""16%""
12

Time deposits (all classes of banks)


[

f'12
...

,
!)
j
1

dd

4 5

|
|
Country
banks

3
10

i
|

1 When two dates are shown, the first applies to the change at central reserve or reserve city
batiks
and the second to the change at country banks.
2
Demand deposits subject to reserve requirements, which beginning with Aug. 23, 1935, have
been total demand deposits minus cash items in process of collection and demand balances due
from domestic banks falsa minus war loan and Series E bond accounts during the period
Apr.
13, 1943 June 30, 1947).
;j
Authority of the Board of Governors to classify or reclassify cities as central reserve cities
was13 terminated effective July 28, 1962.
Sissee Oct. 16, 1963, number bunks have been required under Regulation M to maintain
reserves against balances above a specified base due from domestic offices to their foreign
branches. Through 1970 the applicable reserve percentage was 10 per cent. Regulation D
imposes a simitar reserve requirement on borrowings above a specified base from foreign

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14, 21
M6%
..
..
8, 15
2
....
,
16
11, 18
16[/2
1
17
17....
17
17 "A
1

In effect Dec. 31, 1970. .


22
21
20

Reserve
city banks

Effective date
of change >

Under SS
million

I
24
26
24

Beginning July 14, 1966

Through July 13, 1966

banks by domestic offices of a member bank. For details concerning these requirements, see
amendments to Regulations D and M as described in "Record of Policy Actions of the Board of
Governors," Annual Reports of the Board of Governors for 1969, p. 85, and for 1970, p. 81.
3
Effective Jan. 5, 1967, time deposits such as Christmas and vacation elub accounts became
subject to siime requirements as sayings deposits.
'> See preceding columns for earliest effective date of this rate.
NOTE.- -AH required reserves were held on deposit with KR. Banks, June 21, 1917, until late
1959. Since then, member banks have also been allowed to count vault cash as reserves, as
foiiows: ctnmtty banks- in extess of 4 and 2 vi per cent of net demand deposits effective De*. 1,
1959, and Aug. 25, I960, respectively; central reserve city and reserve city banksin excess of
2 and 1 per cent effective Dec. 3, 1959, and Sept. 1, 1960, respectively; all member banks were
allowed to count all vault cash as reserves effective Nov. 24, 1960.

I
oo

MEMBER BANK RESERVES AND RELATED ITEMS


10.5. CHANGES IN CENTRAL RESERVE AND RESERVE CITY DESIGNATIONS, 1914-70 l
DESIGNATIONS IN EFFECT OCTOBER 31, 1914

Central Reserve Cities 2


New York
Chicago
St. Louis
Albany
Atlanta
Baltimore
Boston
Brooklyn 2
Cedar Rapids
Cincinnati
Cleveland
Columbus, Ohio
Dallas

Denver
Des Moines
Detroit
Dubuque
Fort Worth
Galveston
Houston
Indianapolis
Kansas City, Kans.
Kansas City, Mo.

Reserve Cities l
Lincoln
Los Angeles
Louisville
Milwaukee
Minneapolis
Muskogee
New Orleans
Oklahoma City
Omaha
Philadelphia

Pittsburgh
Portland, Ore.
Pueblo
Richmond
St. Joseph
St. Paul
Salt Lake City
San Antonio
San Francisco
Savannah

Seattle
Sioux City
South Omaha 3
Spokane
Tacoma
Topeka
Waco
Washington
Wichita

SUBSEQUENT CHANGES IN DESIGNATIONS

Central reserve to reserve city designations:


At request of member banks concerned:
St. Louis
July 1, 1922
By legislation discontinuing central reserve city designation: 4
New York
July 28, 1962
Chicago
Reserve cities designated by the Board:
At request of member banks located therein:
Birmingham
Nov. 12, 1914
Chattanooga
Charleston, S.C.
Nov. 12, 1914
Nashville

July 28, 1962

Mar. 5, 1915
Mar. 22, 1915

Tulsa
Ogden

Jan. 9, 1917
July 11, 1917

At own initiative because of size and importance of city:


Buffalo
Jan. 1, 1918
Memphis
Oakland
Jan. 1, 1918
Grand Rapids

Jan.
Jan.

1, 1918
1, 1918

Peoria
Toledo

Jan.
Jan.

1, 1918
1, 1918

Because Federal Reserve Bank branches were located therein:


Jacksonville
Aug. 1, 1918
Little Rock
El Paso
Dec. 2, 1918
Helena

Jan.
Feb.

6, 1919
1, 1921

Charlotte

Dec.

1, 1927

On basis of standards for classification of reserve cities adopted in December 1947:


National City
Mar, 1, 1948
Miami, Florida
May 15, 1958
(National Stock Yards), 111.
Termination of reserve city designations:
At request of member banks concerned:
Chattanooga
Aug. 1, 1922
Charleston, S. C. Mar. 1, 1923

Nov. 1, 1923
July 1, 1929

Tacoma
Albany

On basis of standards for classification of reserve cities adopted


Grand Rapids
Mar. 1,1948
Waco
" '
Mar. 1, 1948
Dubuque
Ogden
Lincoln
Mar. 1, 1948
Spokane
Mar. 1, 1951
St. Joseph
Peoria
Mar. 1, 1951
Cedar Rapids
Galveston

in December 1947:
Mar. 1,1951
Mar. 1, 1954
Mar. 1, 1954
Mar. 1, 1954
Mar. 1, 1957

Muskogee
Oakland
Savannah

Mar. 15, 1930


Feb. 1, 1940
Oct. 1, 1945

Sioux City
Topeka
Wichita
Kansas City, Kans.
Toledo
Pueblo

Mar. 1, 1957
Aug. 23, 1962
Aug. 23, 1962
Sept. 6, 1962
May 13, 1965
Nov. 25, 1965

DESIGNATIONS IN EFFECT DECEMBER 31, 1970 i


Reserve Cities 2

Atlanta
Baltimore
Birmingham
Boston
Buffalo
Charlotte
Chicago
Cincinnati
Cleveland

Columbus, Ohio
Dallas
Denver
Des Moines
Detroit
El Paso
Fort Worth
Helena
Houston

Indianapolis
Jacksonville
Kansas City, Mo.
Little Rock
Los Angeles
Louisville
Memphis
Miami
Milwaukee

For notes see next page.

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609

Minneapolis
Nashville
National City, 111.
New Orleans
New York
Oklahoma City
Omaha
Philadelphia
Pittsburgh

Portland, Ore.
Richmond
St. Louis
St. Paul
Salt Lake City
San Antonio
San Francisco
Seattle
Tulsa
Washington

MEMBER BANK RESERVES AND RELATED ITEMS


Notes to table on preceding pag
1
As will be noted from the tabulation, no changes in reserve cities
were made between Nov. 25, 1965, and the end of 1970,
There were no further changes until Nov. 9, 1972, at which time a new
criterion was adopted to designate reserve cities: A member bank having
net demand deposits of more than $400 million is considered to have the
character of business of a reserve city bank, and the presence of the head
office of such a bank constitutes designation of that place as a reserve city.
Cities in which there are Federal Reserve Banks or branches are also reserve cities. On Nov. 9, 1972, there was a Federal Reserve Bank or branch
in each of the following cities:

Atlanta
Baltimore
Birmingham
Boston
Buffalo
Charlotte
Chicago
Cincinnati
Cleveland

Dallas
Denver
Detroit
El Paso
Helena
Houston
Jacksonville
Kansas City, Mo,
Little Rock

Los Angeles
Louisville
Memphis
Minneapolis
Nashville
New Orleans
New York
Oklahoma City
Omaha

Philadelphia
Pittsburgh
Portland, Ore.
Richmond
St. Louis
Salt Lake City
San Antonio
San Francisco
Seattle

Any banks having net demand deposits of S400 million or less are
considered to have the character of business of banks outside of reserve
cities and, regardless of their location, are permitted to maintain reserves
at ratios set for banks not in reserve cities. Reserve city designations and
terminations may occur from week to week according to the si/e of
deposits
of member banks.
<J
Up to December 1917 the Borough of Brooklyn (of New York City)
was classified as a reserve city, and member banks in the boroughs of
Queens and Richmond were classified as country banks (banks not
located in central reserve or reserve cities). In December 1917 the Comptroller of the Currency notified national banks in these boroughs that
under the provisions of the Federal Reserve Act member banks located
in any of the boroughs of the City of New York were subject to the reserve
requirements applicable to central reserve city banks.
After passage of the Sept. 26, 1918, amendment to Section 19 of the
Federal Reserve Act authorizing the Federal Reserve Board to permit
banks located in outlying areas of a central reserve or reserve city to maintain reserves at the next lower requirement, the Federal Reserve Board
decided that member banks in the boroughs of Brooklyn and Bronx
should be subject to the reserve requirements applicable to reserve city

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banks and those in the boroughs of Queens and Richmond to the reserve
requirements applicable to country banks. However, if any af such banks
had a branch in the Borough of Manhattan, it was subject to the reserve
requirements applicable to central reserve city banks; and If any bank
in the boroughs of Queens and Richmond hud a branch in the boroughs
of Brooklyn or Bronx jbut not in Manhattan), it was subject to the to serve
requirements applicable to reserve city banks.
In September 1949 the Board decided that New York City member
banks located or having branches in the downtown area of the Borough
of Manhattan should be subject to the full reserve required of member
banks in central reserve cities; member banks located or having branches
in the Borough of Manhattan outside the downtown area, or in the downtown area of the Borough of Brooklyn, and having no branches in the
downtown area of Manhattan, should be subject to the reserve requite
ments of banks in reserve cities; and member banks located in Brooklyn
outside the downtown area or in the other boroughs (Bronx, Richmond,
and Queens), and having no branches in Manhattan or the downtown area
of Brooklyn, should be subject to the reserve requirements applicable to
member banks located outside of central reserve and reserve cities.
In February 1950 the Board decided, that any member bank located
outside the downtown business and financial district of Brooklyn, and
having no branch in such downtown district or in the Borough of Manhattan, should be subject to the reserve requirements applicable to member
banks located outside of central reserve and reserve cities. In October
1950 the Board further decided that a member bank having its head office
anywhere in either Brooklyn or the Bronx, and having no branch in the
Borough of Manhattan, should be subject to the reserve requirements
applicable to member banks leeated outside of central reserve and reserve
cities.
Under the same 1918 provision of law, the Board author i/etl a number
of banks in outlying sections of the city of Chicago to carry the same reserves as banks in reserve cities, and a number of banks in reserve cities
to carry the same reserves as country banks.
Following passage of the Judy 28, 1959, amendment to Section 19 of the
Federal Reserve Act, a number of banks in both central reserve and reserve
cities were authorized to carry the same reserves as banks located outside
central reserve and reserve cities on the basis of the character of business
transacted by the member bank.
s South Omaha was annexed on June 21, 1915.
* Section 19 of the Federal Reserve Act was amended by Public 1 aw
86-114 (July 28, 1959) to discontinue the central reserve citiy designation
effective July 28, 1962.

610

Section 11

CURRENCY
Contents
INTRODUCTION

_' 613

CURRENCY IN CIRCULATION __ 614


COMPOSITION OF CURRENCY
IN CIRCULATION ______ 615
DESCRIPTION OF TABLES _____ 616
SOURCES OF CURRENT
STATISTICS

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616

611

Tables

11.1 Kinds of Currency in Circulation, 1941-70 __^^^__^^____^___^ 617


11.2 Denominations of Currency in Circulation, 1941-70
622

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612

CURRENCY

Section 11

INTRODUCTION
Government and interbank) were $207 billion, or more than three and one-half times
as much.
The statistics in this section relate to currency in circulation and its composition. The
volume of currency in circulation is significant
for two reasons: first, because currency in circulation outside banks is a part of the total
money stock; second, because withdrawals of
currency from banks affect the volume of bank
reserves and, unless offset by monetary action,
the ability of banks to extend credit.1 Accordingly, accurate and up-to-date information on
the volume of currency in circulation is necessary to the Federal Reserve in carrying out its
responsibility for influencing the flow of bank
credit and money.

"Currency" as used in this section means


coin and paper money. The issuance of currency has been restricted to the Treasury and
the Federal Reserve Banks since August 1,
1935, on which date all provision for issuance
of national bank notes ceased upon redemption of the last outstanding issue of bonds
carrying the circulation privilege. Prior to
1935, national banks could issue bank notes
against certain U.S. Government bonds deposited with the Treasury.
Currency is the most convenient means of
payment for many purposes, and many small
payments are made in currency. In addition,
many people hold currency as a store of value
either because they have no bank accounts or
for other reasons, However, since most money
payments of substantial amounts are made
by checks drawn on bank deposits, currency
represents the smaller part of the total supply of means of immediate payment. For
example, on December 31, 1970, currency in
circulation amounted to $57 billion while demand deposits in banks (other than U.S.

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1
Statistics on the money stock (MJ and its two
components, demand deposits and currency outside
banks, are contained in Section 1 of this publication
and are published currently in the Federal Reserve
Bulletin. These statistics show currency outside banks
both adjusted and not adjusted for seasonal variation.
No data are available for currency outside banks by
kind or by denomination.

613

Currency

CURRENCY IN CIRCULATION
The term "currency in circulation" means
currency outside the Treasury and Federal Reserve Banks, except for: (1) gold coin and silver coin known to have been exported and
(2) beginning with January 31, 1934, all gold
coin outstanding. Currency in circulation thus
includes all coin and paper money held by the
public, whether in active use or idlethat is,
cash carried in pockets of individuals, that in
the vaults of banks and the cash registers of
merchants and other businessmen, and that
hoarded or otherwise kept idle. It also includes
some paper currency that strictly speaking is
not a part of the money stock in the hands of
the public, namely, currency lost or destroyed
and currency held abroad. Because there is no
accurate measure of such currency, the amount
cannot be excluded from current statistics of
currency in circulation. However, the amount
may be presumed to change only slightly, except perhaps over relatively long periods of
time or under unusual circumstances.1'
Among the factors that cause changes in
currency in circulation are trends in business
conditions; growth in population; changes in
the public's need for pocket money; and seasonal requirements.
During World War II the amount of currency in circulation increased greatly in response to a variety of influences: the growth
of payrolls, retail trade, and travel; many and
widespread changes in places of residence;
payments to members of the armed forces;
larger incomes of people not in the habit of
2

In August 1962, under authority of the Old Series Currency Adjustment Act of 1961, the Treasury
determined that $58 million in old large-size notes of
various types had been destroyed or irretrievably
lost, and in October 1961 it made a similar determination in respect to SI million of Treasury notes of
1890. Beginning with the months referred to, these
amounts were excluded from the statistics of currency
in circulation.

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using banks; and no doubt some hoarding. The


demand for additional currency subsided after
the War, and circulation declined somewhat
between the middle of 1947 and the end of
1950. During the war in Korea, demand for
currency again strengthened, and except for
the year 1954, it has continued to expand.
In recent years other factors too have affected the volume of currency in circulation.
Since I960, bank holdings of currency have
increased at a considerably faster rate than
earlier, reflecting in part the permission
granted to member banks to count vault cash
in meeting their reserve requirements. On the
other hand, the increased use of credit cards
has tended to reduce the demand for currency.
In contrast to the long-term trends, there
are sharp changes in seasonal needs for currency. The demand varies with the day of the
week, with different parts of the month, and
with different seasons of the year. Around any
major holiday the volume of currency in circulation fluctuates sharply. In the last 2 months
of each year in the late 1960's circulation
increased by more than $2 billiondecreasing
by almost as much in the early part of the
following year.
Except for a relatively small amount handled through the Cash Division of the Treasury in Washington, D.C, all currency goes
into and out of circulation through the Federal
Reserve Banks. Machinery of the Federal Reserve System enables the public to convert
bank deposits into cash, and vice versa, to suit
its convenience. When people want more currency, they obtain it by drawing on their deposits at banks; the banks, in turn, obtain their
currency, directly or indirectly, from the Federal Reserve Banks. When people no longer
want all the currency they have on hand, they
deposit the excess in banks, and the banks
subsequently deposit any excess with the Federal Reserve Banks.

614

Section 11

COMPOSITION OF CURRENCY IN CIRCULATION


In mid-1914, before the Federal Reserve
Banks were opened, gold coin and certificates
formed nearly 50 per cent of the currency in
circulation, national bank notes about 20 per
cent, silver dollars and certificates about 15
per cent, and United States notes about 10 per
cent.
Over the next 25 years, the composition of
currency in circulation changed greatly, and by
1940 Federal Reserve notes accounted for
nearly 66 per cent of the total. During World
War II the amount of currency in circulation
expanded at a very sharp rate. In the meantime Federal Reserve notes rose at an even
faster rate, and by 1945 such notes accounted
for about 85 per cent of all currency in circulation. Silver certificates, subsidiary silver, and
minor coin accounted for most of the remainder. After the War currency in circulation
moved up more gradually until the early
1960's, when another sharp rise began. Nevertheless the proportion represented by Federal
Reserve notes remained in the 85 to 88 per
cent range through 1970.
At the end of 1970 Federal Reserve notes
and United States notes were the kinds of
paper money being printed and paid into circulation. Other types still in circulationnational bank notes, Federal Reserve Bank
notes, gold certificates, silver certificates, and
Treasury notes of 1890were being retired
when received by the Federal Reserve Banks
or the Treasury.3
Other than Federal Reserve notes, silver
certificates were the major form of paper currency in circulation for many years. In fact,
until 1963 all $1 bills were silver certificates.
3

Federal Reserve Bank notesnot to be confused


with Federal Reserve noteswere issued in small
amounts at various times by the Reserve Banks. The
last time was in 1942-43 (Table 11.1). Authority to
issue Federal Reserve Bank notes was terminated by
the Act of June 12, 1945.

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In that year Congress authorized the issuance


of $1 Federal Reserve notes, so that such
notes could eventually replace $1 silver certificates and thus free some of the Treasury's
monetary silver for use in coins.
The quantity of silver certificates that the
Treasury could issue was limited to the
amount of monetary silver that the Treasury
held. In mid-1966 the Treasury began a program of making silver from its stockpile available for domestic industrial use, and at that
time it discontinued all issuance of silver certificates. Holders of outstanding silver certificates were permitted to redeem them for silver
until June 24, 1968. As of that date all remaining Treasury silver was freed for other
uses.
United States notes constitute the only kind
of paper currency now being issued by the
Treasury. As was true of silver certificates,
there is a limit on the amount of United States
notes that may be issued. In this instance,
however, the amount of such notes outstanding
is fixed by law in dollar termsat $322 million.
United States notes had been issued in $2
denominations until 1966, but such issues were
discontinued at that time because of lack of
demand for notes of this size. In 1968 the
Treasury also ceased to issue United States
notes in $5 denominations, and it began to
issue $100 denominations. One reason why it
discontinued the $5 notes was to simplify the
sorting of unfit $5 notes in future years. When
any currency becomes unfit for circulation, it
must be turned in for destruction. United
States notes and Federal Reserve notes must
be accounted for separately so that appropriate
credit for redemption is received. Most $5 bills
of course are Federal Reserve notes, but as
long as both the Treasury and the Federal
Reserve Banks were issuing $5 notes, it would
be necessary for the Banks to separate any un-

615

Currency

fit $5 United States notes from the unfit Federal Reserve notes.
Federal Reserve notes are issued in amounts
necessary to meet the demand for paper currency beyond that taken care of by Treasury
currency. Thus they constitute the flexible element in the total circulation. Federal Reserve
notes are issued in denominations of $1, S5,
$10, $20 and $100. Issuance of larger denominations of Federal Reserve notes was discontinued in 1969. Such denominations had not
been printed since 1946, but use of these denominations had declined sharply over the
years, and in 1969 there appeared to be no
need to resume printing of these denominations.
Although both the Treasury and the Federal
Reserve Banks issue paper currency, the ar-

rangements for meeting the public's needs for


currency are not so complicated as one might
suspect, and there are no problems in administration.
A brief historical description of the currency
system appears in the paper "Currency System
of the United States" in Banking Studies
(pages 65-83), a publication of the Board of
Governors (Washington, 1941). The monetary
significance of currency is discussed in the
paper "Money System of United States" in the
same publication (pages 295-319) and in The
Federal Reserve SystemPurposes and Functions, (Board of Governors, Washington,
1974, pages 38-47). For a discussion of the
demand for currency in World War II, see
"Currency in Circulation" in the Federal Reserve Bulletin for April 1944, pages 318-28.

DESCRIPTION OF TABLES
The figures for both tables in this section
are based on data compiled by the U.S.
Treasury Department and published in the
monthly Circulation Statement of United States
Money, which shows, for each kind of currency, the amounts ( 1 ) outstanding, (2) held
in the Treasury, (3) held by Federal Reserve
Banks and Agents, and (4) in circulation. A
second part of the statement gives a denominational breakdown of the amount of each kind
of paper currency in circulation. The first part
of the statement for December 31, 1970,

adapted to show a separate total for Treasury


currency, appears in Section 10.
Both tables give data for the period
1941-70. Currency in circulation by kind is
shown for the end of each month in Table 11.1.
Table 11.2 lists monthly figures of paper
currency in circulation by denomination. It
also shows monthly figures for total coin in circulation, whereas Table 11.1 presents a breakdown of this total into silver dollars, subsidiary
silver (500, 250 and 100), and minor coin
(50 and l).

SOURCES OF CURRENT STATISTICS


Estimates of total currency in circulation for
each Wednesday and an average of daily estimates for the week ending Wednesday are
available in the Board's weekly release

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Federal Reserve Bank of St. Louis

(H.4.1) "Factors Affecting Bank Reserves and


Condition Statement of Federal Reserve
Banks." These estimates are also published in
the Federal Reserve Bulletin.

616

CURRENCY
11.1

KINDS OF CURRENCY IN CIRCULATION, 1941-70


[In millions of dollars]

End of month

Total

Gold
certificates

Standard
silver
dollars

Silver
certificates

Treasury
notes of
1890

Subsidiary
silver

Minor
coin

United
States
notes

Federal
Reserve
notes

Federal
Reserve
Bank
notes

National
bn n k
notes

1941Jan
Feb
Mar
Apr
May
June
July
Aug
Sept..
Oct
Nov
Dec

8,593
8,781
8,924
9,071
9,357
9,612
9,732
9,995
10,163
10,364
10,640
11,160

64
64
64
63
63
63
63
62
62
62
61
61

50
50
51
51
52
53
54
55
56
57
59
60

,595
,635
,651
,654
,697
,714
,691
,723
.724
,715
,737
,733

403
406
413
418
426
434
438
445
455
463
474
481

183
184
186
189
191
194
196
199
202
205
208
209

278
278
277
274
286
300
307
313
314
317
321
313

5,842
5,985
6,106
6,247
6,468
6,684
6,813
7,027
7, 181
7,378
7,615
8.138

21
21
21
21
20
20
20
20
20
20
20
19

156
155
154
153
152
150
149
148
147
146
145
144

1942Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

11,175
11,485
11,566
11,767
12,074
12,383
12,739
13,200
13,703
14,210
14,805
15,410

61
61
60
60
60
59
59
59
59
59
58
58

61
61
62
64
65
66
67
69
71
73
74
76

,657
,695
,697
,707
,745
,754
,764
,786
,754
,704
,731
,751

471
475
482
488
496
504
510
521
537
551
565
575

206
206
208
209
211
213
215
218
222
225
227
228

302
309
307
309
316
317
3)5
321
324
326
327
317

8,253
8,514
8,587
8.769
9,022
9.310
9.650
10,068
10,580
11,118
11,667
12,081

19
19
19
19
19
19
19
18
18
18
18
188

143
143
142
141
140
139
138
138
137
136
136
135

1943Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

15,590
16,088
16,250
16,660
17,114
17,421
17,955
18,529
18,844
19,250
19,918
20,449

58
58
57
57
57
57
57
57
56
56
55
55

77
78
79
81
82
84
85
87
89
90
92
95

,700
,703
,674
,667
,670
,649
,633
,621
,594
,579
,571
,566

567
573
583
593
600
610
619
630
641
649
662
671

226
226
228
230
232
236
239
243
246
248
251
254

312
317
316
318
324
322
322
325
320
321
324
318

12,152
12,523
12,643
13,023
13,440
I 3,747
14,268
14,820
I 5,146
15,550
16,205
16,737

362
474
534
557
574
584
599
615
622
626
627
624

135
134
134
133
133
132
131
131
130
130
129
129

1944Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

20,529
20,824
21,115
21,552
22,160
22,504
22,699
23,292
23,794
24,425
25,019
25,307

55
55
55
54
54
54
54
53
53
53
53
53

96
97
98
100
102
103
105
107
109

113
116

,522
,507
,543
,550
,601
.588
,578
,582
,586
,592
,604
,611

665
668
676
682
693
700
707
716
725
738
751
758

252
253
255
257
260
263
266
269
272
276
280
282

315
320
318
321
324
322
322
324
323
324
325
321

16,874
17,176
17,429
17,852
18,395
18,750
18,951
19,527
20,017
20,631
21,200
21,482

621
620
613
608
603
597
590
587
582
574
569
560

128
128
127
127
126
126
125
125
125
124
124
123

1945Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

25,290
25,751
25,899
26,189
26,528
26,746
27,108
27,685
27,826
28,049
28,211
28,515

53
53
53
52
52
52
52
52
52
51
51
51

117
HS
120
122
123
125
127
129
130
132
133
136

,561
,583
,589
,593
,652
,651
,731
,754
,762
,796
,827
,872

751
757
765
772
784
788
800
808
812
818
825
832

282
283
285
287
290
292
296
299
301
303
305
307

316
320
320
321
322
323
322
322
318
316
316
316

21 ,533
21,964
22,100
22,384
22,65 I
22,867
23,139
23,685
23,818
24,008
24,136
24,388

554
550
544
537
533
527
521
517
513
506
499
494

123
122
122
121
121
120
I 19
I 19
119
I 18
118
117

1946Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

27,917
27,954
27,879
27,885
28,120
28,245
28,254
28,448
28,507
28,600
28,861
28,952

51
51
51
51
50
50
50
50
50
50
49
49

136
136
137
138
139
140
142
L43
144
145
146
148

,827
,864
,916
,978
2,018
2,025
1,996
2,002
2,009
1,987
2,006
2,009

819
820
824
830
837
843
849
853
862
872
878
882

306
307
309
312
315
317
320
323
325
328
331
331

307
307
306
303
317
317
314
317
315
314
319
316

23,867
23,868
23,741
23,685
23,861
23,973
24,010
24,192
24,237
24,347
24,580
24,672

487
484
479
473
468
464
458
454
451
444
440
434

1(7
116
116
I 15
114
114
113
113
112

For notes see end of table.

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Federal Reserve Bank of St. Louis

617

no

CURRENCY
11.1

KINDS OF CURRENCY IN CIRCULATION, 1941 70Continued


[In millions of dollars]

Total

End of month

1947= Jan

Feb.
Mar
Apr.
May

June,
July

Aug

Sept
Oct...

Nov
Dec

1948

Jan., . . .
Feb. .
Mar..... .

Apr
May.
June
July

Aug.

Sept..

Oct.
Nov.
Dee
1949- -Jan
Feb.
Mar
AptMay
June.
July

Aug., . . . .
Sept.

Get
Nov
Dec.
1950 Jan,

Feb.

..

...

Mar....

AptMay

Aug.
Sept.

Oct
Nov
Dec

1951- Jan.. ..
Feb
Mar..... .

Apr.

May. . . . . . .
June,
July, . . . . . . . . . . . . . . .

Aug
Sept..

Oct.
Nov
Dee
1952

Jan
Feb
Mar.
Apr.
May .

..

June
July.

Aug..
Sept

Oct
Nov
Dee.

Standard
silver
dollars

28,262

49

147

28 , 304
28,230
28,114
28,261
2H.297
28,149
28,434
28,567
28,552
28 , 766
28,863

49 !
48
48
48
48
48
47
47

147
147
147
148
148
149
150
151

Silver
certificates

2,033

2,051
2,043

152
154

2,040
2,039

28 1 1 1 1
28,019
27,781
27,716
27,812
27,903
27 , 866
28,055
28,118
28,176
28,331
28,224

46
46
46
46
45
45

153
154
154
154
155
156

1 ,947
1,951
1 ,973

45
45

44
44
44

159
160

160
161
162

2,054
2,076

27,580
27,557
27,439
27,417

44
43

162
162

1 ,978
1,994
2,013

27 , 507
27,493
27 , 394
27 , 393
27,412
27 , 407
27,543
27 , 600

43
43
43
42
42
42
42
42

163
164
165
166
166
167
167
168

26,941
27,068
27,042

41
41
41
41
41
41
41

168
168
168
168
169
170
171

41
40

172
173

27,048
27,188
27,119
27,278
27,519
27,809
27,851
28,155
28,288
28,417

43
43

162
162

40
40
40

174
176
177

40
40
39
39
39
39
39
39
39
39

177
177
177
178
179
180
182
183
185
186

2 , 029

2 , 060
2,061
2 , 045
2,053

2 , 052
2 , 059

2,053
2,078

2,061
2,050

2,071

2,095

2, 104
2,114
2 ,120
2,023
2,064
2,095

2,121
2,179
2,177
2, (34
2,131
2,136
2,111
2,132
2,129
2,051
2,059

38
38
38
38

188
188

189
190
191
193

2,030

38
37
3?
37
37

195
196
197

2,090
2,088
2,063
2,080
2,095
2,093

197 ;

199

2,041

2,115
2, 105

For notes see end of table.

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618

315

34!
343

320
313

339
319
341
342
344
346

303
307
308
310
315
321

350
352

321
319

151
356
356

318

318
320
312

934
936
944
951
961
965
964
969
975
984
998
1,002

356
355
356
358
360
361
362

306
315
317
319
322
321
316

365
367

320
318

,055
,056
,062
,073
, 083
, 093
, 097
,102
, 108
,121
,135
141

188

38
38

339

318
319
316
317
315
315
317
312

1,966
1,998

38

314
314
318
321
320
317
320
317

355
355
356
357
358
359
361
361

,013
,020
,027
,035
,044
,056
,064
,073

28,186
28,465
28,473

308

352
1S2

2,094
2,092
2,059
2,057
2,072
2,068
2,066
2,079

187
189

327
327
328
331
330
331
332
334
337

34H

353
353

|
,
!

,000 ;

2 , 077

United
Suites
notes

92?
927
931
934
938
940
937
938
943
948
956
955

982
987
993

2,026

39
38

Minor
coin

890
892
899
903
910
919
917
924
930
937
947
946

2,009

28 , 809
29 , 206

28 , 464
28 , 767
29 , 026
28 , 978
29,293
29 419
29 , 644
30.236
30,433

Subsidiary
silver

864
864
869
873
874
876
875
878
887
895
903
908

2,061

47
47

157

1890

2,022
2,070

152

45

Treasui
notes o "

1 .916
1 ,954
!,994

47

27 , 048
27 , 090
27,156
27,010
27,120
27,161
27 , 228
27,595
27,741

June.
July

Gold
certificates

369
373
375
37!
372
373
374
376
378
J82
3H4
387
390

391
392

308
$1 1
310
315

317
318
313

303
311
310
314
316
318
3(4 ,
320
319
320
320 i

316

388

308

387

313
315 I

3m
389
392
393
396

398 ;
401
404 i
407 i
410

315

318 i
118 1

315

316
118
317
322
314

Federal
Reserve
notes

24,114
24,116
23,999
23,853
23,953
21,999
23,887

24 . 1 5 1
24,289
24,283
24,475
24.582
21, MM
23,857

23 , 592
23.489
23,525
23.600
23 , 5Htf
23,760
23 , 820
23 , 872
23,994
23.918
23 . 386
23,350
23 .213
23.146
23 , 205
2* 209
23 . 1 30
23 , 1 06
23,101
23,085
23,202
23 , 262
22,737

22 , 8 1 6
22,749

22 , 723
22,694
22,760
22,664
22,768 !
22,801 i
22,885
23,212
23,363
22,811 !
22,916 '
22,834
22,966

23 , 1 73
23,456
23,526
23,817
23,924
24,043
24 , 428
24 , 80?
24 135
24,179
24, 147
24,1(6
24,356
24 60S
24,580
24,870
24 9? I
25 , i 84
25,733
25 941

Federal
Reseri e
Bank
mites

National
hank
notes

429

i to

424
421
414
410
406
400
397
391

387

109
(08
108
107
106
1 06
106
105

104

383
378

103
103

375
370
36-5
361
357
1M '

102
101
101
100
100
99

349

98

345
342

98
97

338
334
330

97
96
95

326
322

95
94

319
315

94
93

312
309
306
302
299
2%
293
291 !

93
93
92
91
91
90
90

286
284
281
279
276
274
271

m
^

88
87
87
86
86

268
265

85
85

254
2^1
250
241
24 S
243
24 LI
239
237
214

N3
83
82
82
82
81
81
80
80
80

263
260
257

2H
232
2~H)

228
226
223
211
221
218
217
"*15
214
212
210
-filU

89

85
84
84

80
79
?*)

79
78

78
78
77
11

11
76
76
76
75

CURRENCY
11.1

KINDS OF CURRENCY IN CIRCULATION, 1941-70Continued


[In millions of dollars]

End of month

Total

Gold
certificates

Standard
silver
dollars

Silver
certificates

Treasury
notes of
1890

Subsidiary
silver

Minor
coin

United
States
notes

Federal
Reserve
notes

Federal
Reserve
Bank
notes

National
bank
notes

1953Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

29,691
29,793
29,754
29,843
29,951
30,125
30,120
30,248
30,275
JO, 398
30,807
30,781

37
37
37
37
37
37
36
36
36
36
36
36

198
199
199
200
201
202
204
205
207
207
208
210

2,006
2,027
2,065
2,089
2.116
2,122
2,107
2,106
2.100
2.098
2,120
2,100

,116
,120
,130
,138
,144
,150
,151
,156
,166
,174
,185
,179

406
406
407
409
410
413
414
416
419
420
423
424

305
312
314
314
316
318
3(7
319
316
316
321
316

25,337
25,410
25,321
25,376
25,451
25,609
25,618
25,738
25,762
25,879
26,249
26,253

208
207
205
204
202
200
198
197
195
193
192
190

75
75
74
74
74
73
73
73
72
72
72
72

1954Jan
Feb
Mar
Apr
May
June
July.
Aug
Sept
Oct
Nov
Dec

29,981
29,904
29,707
29,735
29,870
29,922
29,892
29,929
29,985
30,074
30,500
30,509

36
36
36
36
36
35
35
35
35
35
35
35

208
209
209
209
210
212
213
214
215
216
216
218

2,017
2,041
2,070
2,107
2,135
2,135
2,122
2,137
2,160
2,169
2,172
2,143

,149
,146
,152
,158
,160
,165
,161
,165
,172
,179
,191
J86

418
416
416
417
417
419
419
421
423
424
428
429

306
309
312
315
321
320
316
319
319
320
319
311

25,587
25,490
25,257
25,239
25,338
25,385
25,377
25,390
25,413
25,487
25,895
25,945

187
186
185
183
182
180
179
177
175
174
173
171

71
71
71
70
70
70
70
69
69
69
69
68

1955Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

29,789
29,817
29,800
29,769
30,009
30,229
30,244
30,317
30,422
30,559
30,993
31,158

35
35
35
35
35
34
34
34
34
34
34
34

218
219
219
221
221
223
224
226
227
228
229
231

2,055
2,083
2,135
134
160
170
155
143
154
148
156
2,155

,165
,168
,177
,183
,192
,202
,206
,213
,219
,229
,245
,246

425
424
426
428
430
433
435
439
441
443
448
449

303
312
313
316
320
319
317
317
316
318
319
314

25,350
25,339
25,269
25,220
25,419
25,618
25,644
25,717
25,806
25,936
26,340
26,506

169
169
167
165
164
163
161
160
158
157
156
155

68
68
68
67
67
67
67
66
66
66
66
66

1956Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

30,228
30,163
30,339
30,210
30,513
30,715
30,604
30,757
30,768
30,839
31,424
31,790

34
34
34
34
34
33
33
33
33
33
33
33

230
231
232
233
235
237
239
241
242
244
245
247

2,052
2,071
2,125
2,123
2,157
2,148
2,114
2,116
2,130
2,130
2,152
2,173

,221
,224
,235
,241
,253
,259
,262
,267
,274
,288
,303
,309

445
445
446
448
451
453
456
458
461
464
468
471

306
311
315
315
318
318
313
313
313
315
317
316

25,720
25,628
25,734
25,602
25,853
26,055
25,975
26,119
26,107
26,159
26,701
27,038

154
152
151
149
148
147
145
144
143
142
141
140

65
65
65
65
64
64
64
64
64
63
63
63

1957Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

30,614
30,575
30,585
30,519
30,836
31,082
30,933
31,133
31,073
31,090
31,661
31,834

33
33
33
33
33
33
32
32
32
32
32
32

247
247
248
250
251
253
255
257
258
259
260
263

2,033
2,039
2,065
,099
,164
,162
,113
,110
,108
,102
2,133
2,156

,277
,279
,285
,301
,307
,315
,319
,325
,330
,341
,353
,358

466
466
466
469
471
474
476
478
480
483
486
489

304
309
315
315
322
321
318
319
317
319
320
316

26,051
26,001
25,974
25,855
26,093
26,329
26,225
26,420
26,354
26,364
26,887
27,031

138
137
136
135
133
133
131
130
129
128
127
126

63
62
62
62
62
62
61
61
61
61
61
61

30,576
30,554
30,666
30,565
30,994
31,172
31,171
31,371
31,245
31,386
32,036
32,193

32
32
32
32
32
32
32
32
32
31
31
31

262
262
263
265
266
268
270
272
273
274
275
278

2,010
2,026
2,064
2,118
2,198
2,200
2,172
2,170
2,161
2,153
2,176
2,177

,317
,314
,322
,328
,339
,346
,349
,353
,360
,371
,387
,399

482
481
481
483
485
487
489
491
493
496
500
505

301
306
309
313
318
317
314
314
314
315
317
311

25,986
25,948
26,011
25,845
26,174
26,342
26,366
26,560
26,434
26,569
27,173
27,318

125
124
123
122
121
120
119
118
118
J17
116
115

60
60
60
60
60
59
.59
59
59
59
59
58

1958Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

For notes see end of table.

Digitized for FRASER


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

619

CURRENCY
11.1

KINDS OF CURRENCY IN CIRCULATION, 1941-70Continued


[In millions of dollars]

End of month
1959 Jan
Feb
Ma r.
Apr
May
June
July
Aug
Sept.

bet

Nov
Dec

1960

Jan
Feb
Mar
Apr.
Mav
June
July
Au|*.
Sept
Oct.
Nov
Dec,

1961 =Jan.
Feb
Ma r.
Apr
May
June
July.
AUK.
Sept. .
Oct.
Nov
Dec.

500
501
504
506
510
514
517
521
526
529
535
538

301
304
310
311
315
316
311
316
315
316
319
312

26,424
26,400
26,461
26,519
26,761
27,029
27,037
27,093
26,952
27 OH
2?; 566
27,647

2 008
2*017
2*054
2*093
2 132
2 127
2*087
2*067
*) AgA

436
' 440
455
'467
*475

535
536
540
543
546
549
553
558

9 OQI

AQ
e-jn

566

C1T

574

302
308
310
312
319
318
316
116
317
317
317
313

26,799
26,761
26,786
26,695
26,916
27,094
27,105
27,095
27 065
27,172
27 623
27,837

cAi

571
571
573

305
307
310
314
317
318
315
315
314
315
318
314

31 569
31 552
31 *613
31 '600
31 879
32 065
32 019
3** 027

31
31
31
30
30
30
30
30
30
30
30
30

297
298
299
300
301
305
307
112
314
315
317
319

AQ*)
1 JQ

30
30
30
30
30
30
30
30
30
30
30
30

319
320
321
323
326
329
332
335
337
339
342
346

1
1
2
2
2

986
994
025

29
29
29
29
29
29
^9
20

347
348
349
353
156
360
363
367
370
373
378
385

()")"?

776
769
891
830
197

12 477
i-)

ftfja

32 658
17*K16
33 538
3-5 U i e

32 774
32 880
31 018
3-5

1 A

33
33
33
33
5-2
34
34

517
770
869
932
eoi
109
782

1Q

-Iff'-lTO

20
20
20

1963 Jan
Feb.
Mar.
Apr. .
May
June.
July
Aug
Sept
Oct. . . .
Nov.
Dec

34 093
34*286
34 513
34 545
35 067
3*5 470
15 663
35 850
35 891
36 177
37 227
37 692

20
20
20
20
20
20
20
20
20
20
20
20

387
391
395
400
405
411
420
428
432
436
440
452

1964-=Jan..
Feb. . . . . . . . .
Mar.
Apr...
May
June
July
Aug. .
Scot.
Oct.
Nov
Dee.

36
36
36
36
17
37
37
38
38
38
39
39

20
20
20
19
19
19
19
19
19 i
19
13
11

455
459
481
482
482
482
482
4S2
482
482
482
482

Digitized for FRASER


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

^52
*.365
180
' 187 !
'400
,415
419
,429
441
*447
465
,46S

278
278
280
281
281
285
288
291
292
293
295
298

i') 40 S

. . .,

Federal
Reserve
notes

31
31
3t
31
31
31
31
31
11
31
31
31

31
31
31
31
32

1962 Jan.
. .
Feb.
Mar.
. .
Apr.
May
June
July . . .
Aue;.
Sept
Oct.
. .
Nov.
Dec

United
States
notes

31 125
31,129
3t ''SO
31 349
31 638
31,914
31 898
31,973
31 848
11 905
31 ' 439
32,591

32 144
32 632
32 869

. . ..

Minor
coin

Silver
certificates

Gold
certificates

"VJ

, .
...

Standard
silver
dollars

Total

247
312
799
885
208
734
835
014
166
371
248
619

Treasury
notes ot*
1890
i

2 056
2^078
2 113
2* 143
2 169
2,155
2 126
2J26

2 126
2 \ fg
2,135

2 1o

-)

Subsidiary
silver

AQA

485

49 S
Sflf)

501
512
' si a

A A a

c^
571

S76

100

c-ie

*}'fM14

CJQ

2 077
2 A.7C
2 079
2 */\7
2 098

554

589

572

59S
603
609
614

e^-i

son
f\\^>

*-}

*> 1 1A

'6"
SQ4

974
QQ

<TuOt

2 013
2 'n^ft
2 Q35
2 AAQ
980

fit S

JE-IQ
*C

71

' 04S
QAt

f\Si(\

947

7A7

QQ

QS7

7*9 J?

2 Ant
e<o

581

s&s
sen

61 1
/ri -i

616
fJJ\

626
6TA
635
/?3Q

feo

647
^5

71Q

^ffO

71 6

656
658
">
668
1

58
58
58
58
58
57
57
57
57
57
57
56

104
103
102
102
101
100
99
98
98
97
97
96

56
56
56
56
56
56
56
55
55
55
55
55

26,913
26,896
26,970
26,878
27,157
27,353
27,434
27,553
27,584
27,739
28,386
28,730

95
94
94
93
92
92
91
90
90
89
89
88

55
55
55
54
54
54
54
54
54
54
54
54

27,771
306
27,869
310
27,941
314
28 Oil
316
28,358
320
28 622
118
28 , 734
117
118 \ 28,842
28
792
116
28,976
318
29 612
118
30 102
315

88
87
87
86
86
S5
84
83
82
82
81
81

54
53
53
51
53
53
53
38
38
38
38
38

80
80
79
79
78
78
78
78
77
76
76
76

37
37
37
37
37
37
37
37
37
37
37
37

75
75
74
74
74 j
73
73
73
72
72
71 1
70

37
37
36
36
36
36
36
36
36
36
23
23

847

7qn

Q'J'i

OA-l

805
*S16
*822

019

*S4fi
S77

04/5
187?

706

737
*718
*730
*714
718
723
*659
*625
573
460
*357
*232

859
871

708
7H
719
724
730
736
741
747
755
763
768
776

306
312
320
322
321
321
319
321
320
317
297
299

' 7*5(1

7^10
7SQ
774.

QA-J

844
fiS4

824
Q">0

one

933
'958
*987
2 '(KM)

2 021
2* 048
2 Q77
2 109
2 147
2,147

620

S7 ?

676
9T

690

AOft

7AA

National
bank
notes

114
US
112
Ul
111
110
109
10
108
106
106
105

29,033
303
29,218
310
29 426
313
29,523
314
29 906
320
30,292
319
30,484
318
30,667
317
30,678
316
321 ! 30,941
325
31 938
32,331
321

84S

Federal
Reserve
Bank
notes

31,051
31,107
31 511
31,580
31,869
32 356
32,506
32,690
32 860
33 147
34,128
34 577

CURRENCY
11.1

KINDS OF CURRENCY IN CIRCULATION, 1941-70Continued


[In millions of dollars]

Total

End of month

Gold
certificates

Standard
silver
dollars

Silver
certificates

Treasury
notes of
1890

Subsidiary
si 1 vet-

United
States
notes

782
788
799
809
816
825
824
842
849
855
862
866

289
296
299
299
303
302
299
302
302
301
305
299

33,588
33,666
33,904
33,868
34,315
34,823
35,020
35,257
35,510
35,797
36,780
36,977

70
70
69
69
69
68
68
67
67
67
67
66

22
22
22
22
22
22
22
22
22
22
22
22

2,172
198
239
2,275
2,310
2,355
2,383
2,427
2,477
2,519
2,612
2,680

Federal
Reserve
notes

Federal
Reserve
bank
notes

Minor
coin

National
bank
notes

1965Jan. . .
Feb... .
Mar..,.
Apr,...
May...
June...
July. . .
Aug
Sept....
Oct
Nov....
Dee

38,540
38,593
38,816
38,760
39,207
39,720
39,897
40,165
40,443
40,754
41,824
42,056

13
13
13
13
13
13
13
13
13
13
13
13

482
482
482
482
482
482
482
482
482
482
482
482

1,121
1,057
988
922
877
829
786
753
721
698
680
651

1966Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

41,092
41,252
41,469
41,538
42,102
42,554
42,708
42,910
42,802
43,113
44,245
44,663

13
13
13
13
13
4
4
4
4
4
4
4

482
482
482
482
482
482
482
482
482
482
482
482

629
618
609
596
590
582
575
569
566
564
561
558

13,578
3,614
3,670
3,711
3,749
3,782
3,803
3,835
3,860
3,898
3,965
3,998

291
294
296
298
302
303
300
303
302
304
307
305

36,011
36,143
36,308
36,348
36,879
37,315
37,457
37,630
37,501
37,775
38,840
39,231

66
66
66
66
65
65
65
65
65
65
65
65

22
22
22
22
22
22
22
22
22
21
21
21

1967Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec

43,363
43,585
43,583
43,730
44,443
44,712
44,866
45,071
45,031
45,421
46,463
47,226

4
4
4
4
4
4
4
4
4
4
4
4

482
482
482
482
482
482
482
482
482
482
482
482

553
551
548
547
547
395
392
386
383
378
376
371

3,979
3,999
4,036
4,069
4,119
4,160
192

4,239
4,270
4,321
4,383
4,436

299
300
302
301
302
300
304
305
303
303
304
306

37,962
38,164
38,127
38,244
38,907
39,290
39,410
39,573
39,508
39,851
40,831
41,545

63
62
62
62
61
61
61
61
61
60
60
60

21
21
21
21
21
21
21
21
21
21
21
21

45,819
45,846
2 9 7
: 46,621
47,202
47,640
47,979
48,353
48,340
48,719
49,989
50,961

4
4
4
4
4
4
4
4
4
4

482
482
482
482
482
482
482
482
482
482
482
482

365
361
298
284
266
225
225
225
225
225
225
224

4,445
4,487
4,567
4,656
4,749
4,827
4,904
4,967
5,016
5,083
5,144
5,209

299
296
297
297
298
299
302
303
305
304
306
310

40,143
40,135
40,569
40,818
41,322
41,722
41,982
42,291
42,229
42,542
43,750
44,653

60
59
59
59
59
59
59
59
58
58
58
58

21
21
21
21
21
21
21
21
21
21
21
21

48,983
48,996
49,475
49,642
50,399
50,936
51,120
51,461
51,336
51,711
52,991
53,950

482
482
482
482
482
482
482
482
482
482
482
482

224
224
224
223
223
223
223
222
222
222
222
221

5,191
5,121
5,163
5,211
5,248
5,308
5,345
5,368
5,395
5,428
5,483
5,539

303
305
305
300
298
294
293
293
293
292
292
292

42,700
42,782
43,218
43,344
44,066
44,547
44,695
45,013
44,862
45,206
46,431
47,334

58
58
58
57
57
57
57
57
57
56
56
56

21
21
21
20
20
20
20
20
20
20
20
20

51,901
52,032
52,701
53,034
53,665
54,351
54,473
54,669
54,795
55,021
56,381
57,093

482
482
482
482
482
482
482
482
482
482
482
482

221
221
221
220
220
220
220
220
219
219
219
219

5,504
5,506
5,546
5,572
5,603
5,646
5,664
5,689
5,711
5,731
5,769
5,800

292
293
293
294
295
297
298
299
300
303
306
309

45,321
45,450
46,079
46,386
46,985
47,626
47,730
47,900
48,003
48,207
49,526
50,204

56
56
56
56
55
55
55
55
55
55
55
55

20
20
20
20
20
20
20
20
20
20
20
20

1968Jan
Feb. ..
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1969Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

'

1970Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1
Referred to as "Fractional coin" in statements beginning Jan.
31,1966.

Digitized for FRASER


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

NOTE.Details may not add to totals because of rounding.

621

CURRENCY
11.2

DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-70


[In millions of dollars]

Total
in circulation
Total i

End of month

Coin and small denomination currency


Coin

$12

$2

Large denomination currency

$5

$10

$20

1
Total i 1

$50

24
24

530
535
543
550
546
548
544
543
537
539
538
556

745
767
779
792
801
824
840
868
904
940
972
1,019

,481
,511
,528
,549
,566
,602
,628
,663
,715
,762
,824
,910

265
266
268
268
260
262
263
266
268
274
278
287

566
565
561
558
570
576
574
575
576
570
575
586

24
21
9
9
9

3,928
4,025
4,129
4,232
4,326
4,463
4,622
4,816
4,951
5,118
5,323
5,580

1,047
1,079
1,104
1,131
1,159
1,195
1,237
1,293
1,327
1,366
1,416
1,481

1,962
2,013
2,069
2,128
2,186
2,259
2,347
2,453
2,535
2,636
2,761
2,912

293
298
306
312
319
329
341
353
360
373
388
407

592
599
616
621
630
648
667
687
698
713
729
749

10
11
H
15
10
10
10

5,742
5,832
5,905
6,040
6,198
6,326
6,388
6,562
6,731
6,960
7,157
7,224

5,715
5,823
6,017
6,212
6,431
6,581
6,667
6,884
7,081
7,339
7,561
7,730

1,509
1,534
1,576
1,618
1,668
1,699
1,722
1,780
1,829
1,893
1,946
1,996

2,992
3,054
3,152
3,270
3,371
3,458
3,516
3,642
3,765
3,918
4,056
4,153

418
426
444
456
473
481
487
502
516
532
546
555

767
777
814
836
887
912
911
929
939
963
981
990

7,242
7,381
7,539
7,754
7,911
8,193
8,400
8,700
8,816
9,004
9,095
9,201

7,837
7,974
7,900
7,837
7,814
7,565
7,511
7,546
7,592
7,671
7,713
7,834

2,022
2,059
2,088
2,126
2,159
2,132
2,139
2,180
2,204
2,243
2,264
2,327

4,228
4,317
4,266
4,210
4,192
4,044
4,013
4,038
4,071
4,123
4,154
4,220

566
571
550
527
513
483
472
466
464
461
457
454

990
994
965
932
909
868
847
832
825
816
811
801

6,568 9,027
6,570 9,044
6,547
8,986
6,509 8,981
6,586 9,029
6,604 9,087
6,552 ! 9,099
6,571 9,159
6,528 9,180
6,494 9,221
6,543 9,305
9,310
6,497

7,794
7,816
7,834
7,889
7,951
7,998
8,071
8,178
8,247
8,329
8,416
8,518

2,316
2,322
2,327
2,337
2,352
2,364
2,377
2,402
2,419
2,436
2,458
2,492

4,224
4,248
4,267
4,309
4,356
4,387
4,437
4,509
4,567
4,645
4,711
4,771

445
443
442
439
438
438
436
436
436
434
435
438

779
772
768
773
775
781
790
802
795
784
782
783

6,094
6,243
6,342
6,430
6,683
6,890
6,992
7,237
7,378
7,537
7,769
8,120

635
641
650
658
669
681
688
700
713
725
738
751

577
582
590
595
615
625
626
641
658
663
675
695

37
38
38
39
40
41
40
42
42
41
43
44

,091
,116
,132
,135
,176
,207
,215
,257
,270
,287
,318
,355

1,973
2,041
2,074
2,112
2,211
2,289
2,334
2,430
2,469
2,527
2,610
2,731

1,781
1,826
1,858
1,892
1,972
2,047
2,090
2,169
2,227
2,293
2,383
2,545

2,502
2,541
2,583
2,642
2,675
2,725
2,742
2,760
2,787
2,830
2,874
3,044

540
551
560
573
587
607
615
630
645
658
674
724

1942 _Jan
Feb
Mar . . .
Apr
May
June
July
Aug . .
Sept
Get
Nov ... ,
Dec.,.

11,175
11,485
11,566
11,767
12,074
12,383
12,739
13,200
13,703
14,210
14,805
15,410

8,053
8,326
8,396
8,564
8,841
9,083
9,398
9,795
10,207
10,629
11,122
11,576

738
743
752
761
771
783
793
809
830
848
867
879

656
668
673
680
696
704
712
731
754
764
782
801

42
42
42
43
44
45
45
48
50
51
53
55

,309
,344
,351
,362
1,402
1,427
1,464
1,517
1,555
1,597
1,647
1,693

2,713
2,825
2,834
2,898
3,004
3,099
3,234
3,379
3,532
3,684
3,887
4,051

2,595
2,704
2,744
2,820
2,924
3,024
3,149
3,310
3,487
3,686
3,885
4,096

3,126
3,163
3,174
3,204
3,235
3,301
3,343
3,409
3,500
3,584
3,686
3,837

1943Jan
Feb ....
Mar
Apr
May
June
July
Aug
Sept
Dec

15,590
16,088
16,250
16,660
17,114
17,421
17,955
18,529
18,844
19,250
19,918
20,449

11,665
12,065
12,121
12,428
12,789
12,960
13,334
13,715
13,896
14,135
14,598
14,871

869
877
891
904
914
929
943
960
975
987
1,006
1,019

773
786
791
804
824
834
843
858
866
872
886
909

54
56
56
58
59
61
62
64
64
65
68
70

1,678
1,718
1,713
1,741
1,785
1,793
1,836
1,878
1,887
1,902
1,950
1,973

4,107
4,279
4,280
4,391
4,526
4,565
4,719
4,853
4,893
4,962
5,127
5,194

4,183
4,349
4,391
4,531
4,681
4,778
4,931
5,102
5,211
5,347
5,561
5,705

1944 Jan
Feb
Mar
Apr
May
June
July
Aue
Sept
Oct
Nov
Dec

. ,

20,529
20,824
21,115
21,552
22,160
22,504
22,699
23,292
23,794
24,425
25,019
25,307

14,817
15,004
15,100
15,342
15,731
15,925
16,034
16,410
16,715
17,089
17,461
17,580

1,013
,018
,029
,039
,055
,066
,077
,092
,106
,125
,144
,156

880
877
881
885
903
906
910
921
937
948
962
987

69
70
70
70
72
72
73
75
75
76
78
81

1,940
1,952
1,951
1,964
2,003
2,010
2,016
2,053
2,078
2,103
2,129
2,150

5,174
5,255
5,265
5,344
5,498
5,544
5,569
5,706
5,789
5,877
5,990
5,983

1945- Jan . . . .
Feb
Mar
Apr
May . ,
June
July . . .
Aug
Sept . . .
Oct
Nov
Dec

25,290
25,751
25,899
26,189
26,528
26,746
27,108
27,685
27,826
28,049
28,211
28,515

17,456
17,778
18,000
18,353
18,715
19,183
19,599
20,141
20,235
20,381
20,500
20,683

,150
,158
,170
,180
,196
,205
,223
,236
,243
,252
,263
,274

950
953
954
957
972
981
995
1,003
1,001
1,000
1,009
1,039

77
75
73
73
73
73
73
73
72
71
71
73

2,102
2,135
2,132
2,151
2,186
2,215
2,250
2,301
2,288
2,274
2,279
2,313

5,936
6,076
6,132
6,238
6,377
6,515
6,659
6,826
6,815
6,779
6,783
6,782

1945 jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct . .
Nov
Dec

27,917
27,954
27,879
27,885
28,120
28,245
28,254
28,448
28,507
28,600
28,861
28,952

20,126
20,139
20,045
19,997
20,171
20,248
20,185
20,271
20,262
20,273
20,447
20,437

,261
,264
,269
,280
,291
,300
,311
,319
,332
,345
,355
,361

985
982
984
987
999
998
990
992
1,001
1,000
1,010
1,029

69
68
67
66
67
67
67
66
66
65
65
67

2,217
2,211
2,191
2,173
2,199
2,191
2,166
2,165
2,156
2,148
2,169
2,173

For notes see end of table.

Digitized for FRASER


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

fi

$1,000 $5,000 $10,000

230
232
238
241
242
244
244
244
243
245
248
261

8,593
8,781
8,924
9,071
9,357
9,612
9,732
9,995
10,163
10,364
10,640
11,160

,126
,144
,163
,197 1
,218
,244
,257
,274
,293
,316
,343
,433

1941 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Get
Nov
Dec

oct.:.:::::::
Nov

$100 j $500

622

%
24
24
24
24
24
25
24
24

!
9
9

,?11
10

i
i!
57
57
58
46
46
47
47
46
46
33
29
29
28
29
30
29
29
30
28
25
25
25
23
26
22
21
20
22
20
20
19

22

19

21
22
22
23
23
22
22
22
22
23
23
24

9
9
9
9
9
9
10
10
10
10
10
9
9
H
8
8
8
8
7
7

21
24
23
33
33
31
32
22
21
21
20
24

t)
8
8
S
8
8
8
8
8
8

22
22
22
22
21
22
21
20
21
21
21
26

CURRENCY
11.2

DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-70Continued


[In millions of dollars]
Total
in circulation Total i

Coin

$12

28,262 19,808
28,304 19,873
28,230 19,807
28,114 19,684
28,261 19,773
28,297 19,769
28,149 19,622
28,434 19,837
28,567 19,881
28,552 19,833
28,766 20,008
28,868 20,020

1,337
,337
,344
,351
,351
,355
,356
,362
,375
,385
,396
,404

972
967
969
972
985
986
980
990
1,010
1,011
1,020
1,048

28,111
28,019
27,781
27,716
27,812
27,903
27,866
28,055
28,118
28,176
28,331
28,224

19,369
19,335
19,169
19,144
19,259
19,323
19,309
19,450
19,488
19,531
19,680
19,529

,382
,385
,394
,399
1,409
1,421
1,422
1,432
1,442
1,451
1,464
1,464

1949 Jan .
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

27,580
27,557
27,439
27,417
27,507
27,493
27,394
27,393
27,412
27,407
27,543
27,600

19,003
19,029
18,930
18,925
18,993
18,982
18,908
18,901
18,917
18,915
19,040
19,025

1950Jan
Feb
Mar
Apr
May

26,941
27,068
27,042
27,048
27,090
27,156
27,010
27,120
27,161
27,228
27,595
27,741

End of month

Large denomination currency

Coin and small denomination currency

$500

$1,000 $5,000 $10,000

$5

$10

$20

Total 1

$50

$100

63
64
63
63
63
64
63
64
64
63
64
65

2,074
2,090
2,085
2,065
2,089
2,078
2,058
2,092
2,085
2,078
2,102
2,110

6,284
6,336
6,309
6,253
6,303
6,289
6,230
6,308
6,270
6,233
6,303
6,275

9,077
9,079
9,036
8,979
8,982
8,996
8,935
9,020
9,077
9,064
9,123
9,119

8,457
8,434
8,424
8,432
8,489
8,530
8,529
8,600
8,689
8,721
8,760
8,850

2,460
2,456
2,447
2,442
2,449
2,466
2,453
2,477
2,503
2,499
2,513
2,548

4,757
4,755
4,754
4,769
4,789
4,808
4,824
4,874
4,941
4,986
5,023
5,070

434
433
432
431
430
430
428
428
428
427
426
428

774
769
771
773
804
810
806
804
800
793
782
782

9
6
6
5
5
5
5
5
5
5
5
5

23
14
14
12
11
12
12
12
12
11
11
17

984
972
975
976
994
1,000
994
1,006
1,020
1,026
1,042
1,049

63
63
62
61
62
63
62
63
63
63
64
64

2,017
2,005
1,986
1,991
2,015
2,017
2,010
2,023
2,031
2,037
2,054
2,047

6,064
6,084
6,013
6,017
6,054
6,085
6,059
6,099
6,090
6,087
6,137
6,060

8,858
8,826
8,738
8,700
8,724
8,737
8,762
8,827
8,844
8,867
8,918
8,846

8,745
8,687
8,614
8,574
8,555
8,581
8,559
8,607
8,632
8,647
8,654
8,698

2,511
2,492
2,470
2,456
2,453
2,465
2,452
2,464
2,465
2,467
2,475
2,494

5,022
4,996
4,962
4,951
4,943
4,945
4,940
4,977
5,011
5,035
5,048
5,074

424
421
416
412
410
407
404
403
402
401
400
400

771
762
749
739
735
749
748
748
739
730
717
707

5
5
5
5
5
5
5
5
5
5
5
5

12
12
11
10
10
10
9
11
10
9
9
17

1,441
1,441
1,445
1,450
1,456
1,459
1,457
,462
,468
,474
,484
,484

1,000
996
992
994
1,011
1,008
1,001
1,003
1,018
1,031
,046
,066

62
63
61
60
61
61
60
61
60
60
61
62

1,972
1,976
1,965
1,967
1,986
1,971
1,959
1,958
1,970
1,973
1,994
2,004

5,892
5,929
5,913
5,913
5,934
5,931
5,901
5,900
5,905
5,891
5,935
5,897

8,636
8,625
8,555
8,541
8,544
8,551
8,529
8,517
8,496
8,486
8,520
8,512

8,579
8,531
8,510
8,493
8,515
8,513
8,488
8,494
8,498
8,494
8,506
8,578

2,459
2,444
2,428
2,421
2,422
2,426
2,410
2,406
2,401
2,392
2,398
2,435

5,020
5,000
4,980
4,970
4,980
4,974
4,964
4,980
4,996
5,007
5,021
5,056

396
394
392
390
388
387
385
383
382
381
382
382

689
679
696
700
712
712
717
712
705
701
692
689

5
5
5
5
5
5
4
4
4
4
4
4

10
10
10
9
9
9
9
9
9
9
8
11

18,475
18,645
18,651
18,661
18,730
18,813
18,696
18,795
18,834
18,901
19,252
19,305

,457
,459
,468
,478
,490
,496
,498
,506
,515
,527
,547
,554

,008
,011
,013
,016
,033
,037
,029
,037
,054
,072
,089
,113

60
60
59
60
60
61
60
61
61
61
62
64

1,926
1,949
1,949
1,945
1,963
1,966
1,946
1,955
1,964
1,978
2,021
2,049

5,715
5,817
5,834
5,830
5,851
5,891
5,836
5,881
5,884
5,874
6,021
5,998

8,309
8,348
8,327
8,333
8,333
8,363
8,328
8,355
8,357
8,388
8,511
8,529

8,469
8,426
8,393
8,389
8,361
8,344
8,316
8,328
8,329
8,329
8,345
8,438

2,401
2,385
2,375
2,380
2,380
2,386
2,374
2,374
2,369
2,368
2,384
2,422

5,010
4,988
4,968
4,961
4,949
4,940
4,934
4,950
4,964
4,987
4,994
5,043

380
378
384
382
380
378
375
372
370
367
365
368

666
661
654
650
639
628
620
617
613
595
589
588

4
5
5
4
4
4
4
4
4
4
4
4

8
9
8
11
9
9
9
9
9
9
9
12

1951 Jan
Feb
Mar
Apr
May
June
July . .
AUE
Sent
Oct
Nov
Dec

27,048 18,694
27,188 18,861
27,119 18,845
27,278 19,023
27,519 19,260
27,809 19,521
27,851 19,560
28,155 19,813
28,288 19,896
28,417 19,955
28,809 20,283
29,206 20,530

,530
,535
,542
,551
,568
,578
,590
,602
,616
1,631
1,642
1,654

,056
,057
,059
,073
,087
,092
,092
,103
,124
,132
,144
,182

61
61
61
62
63
64
64
64
64
65
65
67

1,943
1,959
1,953
1,973
1,995
2,011
2,008
2,031
2,038
2,041
2,075
2,120

5,791
5,880
5,881
5,943
6,024
6,113
6,088
6,176
6,181
6,160
6,291
6,329

8,313
8,369
8,348
8,422
8,523
8,663
8,718
8,837
8,874
8,927
9,067
9,177

8,356
8,329
8,275
8,257
8,260
8,289
8,292
8,344
8,393
8,463
8,528
8,678

2,393
2,385
2,369
2,371
2,382
2,405
2,409
2,428
2,437
2,452
2,482
2,544

5,002
4,986
4,955
4,941
4,938
4,947
4,952
4,989
5,034
5,092
= 5,133
5,207

366
365
362
360
357
356
354
353
353
353
352
355

583
581
576
573
570
570
565
562
557
554
549
556

4
4
4
4
4
4
4
4
4
4
4
4

9
9
8
8
8
8
8
8
8
8
8
12

1952 Jan
Feb
Mar

28,386
28,465
28,473
28,464
28,767
29,026
28,978
29,293
29,419
29,644
30,236
30,433

1,631
1,630
1,637
1,651
1,665
1,678
1,686
1,695
1,705
1,722
1,739
1,750

,115
,110
,113
,114
,132
,140
,129
,140
,164
,175
,199
,228

65
66
65
66
67
68
67
67
68
68
69
71

2,009
2,013
2,016
2,004
2,040
2,054
2,034
2,062
2,070
2,074
2,123
2,143

6,088
6,152
6,165
6,141
6,261
6,323
6,291
6,376
6,368
6,405
6,600
6,561

8,898
8,934
8,940
8,960
9,066
9,187
9,190
9,319
9,365
9,453
9,661
9,696

8,582
8,563
8,537
8,529
8,537
8,578
8,582
8,635
8,682
8,749
8,846
8,985

2,508
2,503
2,496
2,498
2,508
2,531
2,531
2,551
2,559
2,577
2,612
2,669

5,161
5,152
5,140
5,137
5,142
5,166
5,172
5,211
5,252
5,304
5,367
5,447

352
351
349
347
346
344
344
342
342
342
342
343

550
545
540
535
530
525
522
519
517
514
513
512

4
4
4
4
4
4
4
4
4
4
4
4

8
8
8
9
8
8

1947Jan
Feb
Mar
Apr
May ...
July
Aug. . . .
Sept
Oct
Nov
Dec
1948Jan
Feb
Mar
Apr. .
May
June . .
July
AUK
Scot
Oct
Nov
Dec

. .

July
AUK
Scot
Oct
Nov
Dec

M*ay !!!!!!!!

June. .
July
Aug
Sent
Oct
Nov
Dec

. .

19,807
19,904
19,937
19,936
20,23 1
20,449
20,398
20,659
20,739
20,897
21,392
21,450

$2

For notes see end of table.

Digitized for FRASER


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

623

8
8
8
8
10

CURRENCY
11.2

DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-70Continued


[In millions of dollars!

End of month
1953=Jan
Feb
Mar
Apr
May
June . . ,
July

Total
in circulation Total i

Coin and small denomination currency


Coin

SI 2

$2

Total i

$100

S50

8,894 2,634
8,877 2,629
8,859 2,621
2,623
8,865
8,867
2,627
8,883
2,645
8,885
2,646
8,918 ! 2,655
8,956 ! 2,659
8,986 2,665
9,038 2,689
9,146
2,732

2,031
2,021
2,010
2,006
2,036
2,023
2,016
2,023
2,034
2,049
2,091
2,098

6,351
6,365
6,304
6,325
6,375
6,377
6,366
6,361
6,378
6,400
6,524
6,450

9,531
9,512
9,431
9,443
9,496
9,551
9,564
9,578
9,561
9.568
9,716
9.665

9,045
8,999
8,952
8,936
8,926
8,924
8,910
8,916
8,932
8,958
9,028
9,136

71
71
70
71
71
72
72
72
72
72
73
75

2,017
2,020
2,021
2,020
2,051
2,061
2,052
2,055
2,072
2,088
2,129
2,151

6,267
6,316
6,324
6,309
6,394
6,471
6,466
6,476
6,495
6,513
6,642
6,617

9,425
9,438
9,421
9,425
9,520
9,625
9,668
9,692
9,7 1 1
9,767
9,917
9,940

,239
,231
,244
,241
,264
,262
,258
,267
,283
,296
,324
1,369

73
73
73
73
73
74
74
74
74
74
76
78

2,049
2,042
2,067
2,053
2,090
2,090
2,065
2,077
2,085
2,080
2,144
2,196

6,361
6,392
6,486
6,430
6,539
6,589
6,514
6,559
6,549
6,538
6,715
6,734

1,990
1,993
2,000
2,020
2,029
2,042
2,050
2,060
2,069
2,083
2,099
2,110

1,276
1,269
1,270
1,276
1,301
1,302
1,292
,296
,312
,330
,356 !
,398

2,061
2,057
2,066
2,075
2,090
2,101
2,108
2,117
2,127
2,142
2,163
2,182

,293
,285
,293
,305
,349
,368
,376
,398
,417
,426
,457
,494

S500

$1,000 $5,000 $10,000


!

5,399
5,390
5,383
5,388
5,388 i
5,391
5,396
5,423
5,458 ;'
5,488
5,519
5,581

341
340
339
339
338 !
337
335
334
334
333
332
333

508
507
505
503
502 !
499
496
494
493
489
487
486

4
4
3
4
4
4
4
4
4

2,693
2,674
2,654
2,651
2,651
2,659
2.654
2,653
2,648
2,650
2,677
2,720

5,526
5,502
5,473 !
5,470
5,463
5,457
5,451
5,461
5,486
5,514
5,555
5,612

331
330
328
327
325
324
322
321
320
318
320
321

484
482
481
478
475
473
471
469
466
464
465
464

4
4
4
4
4 '
4
4
4

9,014
8,974
8,946
8,914
8,912
8,917
8,894
8,911
8,933
8,951
9,023
9,136

2,673
2,660
2,647
2,641
2,647
2,658
2,652
2,657
2,653
2,655
2,687
2,736

5,550
5,527
S,512
5,492
5,489
5,487
5,475
5,489
5,518
5,538
5,579
5,641

317
316
317
314
313
312
310
309
308
306
306
307

460
457
457
454
451
448
445
444
442
440
438
438

9,618
9,588
9,635
9,602
9,716
9,838
9,840
9,895
9,866
9,893
10,100
10,194

8,992
8,936
8,920
8,890
8,892
8,914
8,895
8,919
8,934
8,962
9,050
9,192

2,684
2,665
2,662
2.654
2,662
2,676
2,674
2,676
2,673
2,679
2,713
2,771

5,560
5,528
5,518
5,500
5,498
5,505
5,500
5,527
5,541
5,572
5,626
5,704

303
302
300
299
298
296
294
293
293
291
291
292

433
430
428
425
423
421
415
413
411
409
409
407

76 2,065
6,427 9,763
75 2,058 6,450 ' 9,756
75 2,063 , 6,473 9,758
75 i 2,055 6,425 9,737
76 2,093
6,554 9,852
77 2,102 6,615 9,985
77 2,069
6,520 9,979
78 2,085 t 6,581 i 10,055
78 2,084
6,533 10,013
77 2,089 6,533 9,975
78 2,146 6,726 10,177
80 2,188
6,662 10,187

9,017
8,974
8,946
8,931
8,931
8,958
8,946
8,977
8,984
9,003
9,079
9,208

2,701 5,613
5,586
2,689
5,573
2,679
2,674
5,566
2,679 5,564
2,696
5,575
2,695 j 5,570
2,701
5,596
2,696
5,611
2,695 5,632
2,725 5,677
2,777 5,752

289
287
2S6
285
284
283
281
280
279
279
279
280

402
400
397
395
393
391
388
388
386
385
386
384

2,711 5,668 1
2,692 !1 5,651 |
5,656
2,689
2,682
5,651
5,662
2,690
5,669
2,701
2,705 5,671
5,703
2,711
2,704
5,726
5,759
2,707
2,739
5,808
2,792 5,886 i

277
276
277
275
275
275
274
274
274
273
273
275

381
380
381
379
378
377
376
376
376
371
373
373

,721
,725
,737
,747
,755
,766
,769
,778
,792
,802
,816
,812

1,157
1,158
1,165
1,163
1,172
1,176
1,171
1,182
S207
,214
,232
,249

1954^ Jan
Feb
Mar
Apr
May
June
July
AUR. . . .
Sept
Get
Nov
Dec

29,981
29,904
29,707
29,735
29,870
29,922
29,892
29,929
29,985
30,074
30,500
30,509

20,939
20,908
20,757
20,799
20,946
20,999
20,984
21,015
21,054
21,118
21,473
21,374

,775
,770
,776
,783
,787
,795
,793
,801
,811
,819
,836
,834

,180
,170
,166
,173
,182
,183
,174
,183
,200
,212
,236
,256

70
70
70
70
69
71
70
70
70
70
71
71

1955^ Jan
Feb
Mar
Apr . . .
May
June . . . .
July
Aue
Sept
Get
Nov
Dec

29,789
29,817
29,800
29,769
30,009
30,229
30,244
30,317
30,422
30,559
30,993
31,158

20,777
20,845
20,854
20,856
21,098
21,312
21,351
21,406
21,489
21,609
21,971
22,021

,808
,810
,822
,831
,843
,858
,865
,878
,887
,900
,922
,927

,191
,190
,196
,202
,219
,226
,228
,234
,252
,270
,288
,312

1956 Jan
l-eb
Mar
Apr

30,228
30,163
30,339
30,210
30,513
30,715
30,604
30,757
30,768
30,839
31,424
31,790

21,236
21,227
21,419
21,320
21,621
21,801
21,709
21,838
21,834
21,877
22,374
22,598

,897
,900
,914
,922
,939
,948
,957
,967
,977
,995
2,016
2,027

1957 =Jan
Feb
Mar
Apr
May . . . .
June
July
Aug
Sept
Oct.".
Nov
Dee

30,614
30,575
30,585
30,519
30,836
3 1 ,082
30,933
31,133
31,073
31,090
31,661
31,834

21,597
21,601
21,639
21,588
21,905
22,123
21,987
22,155
22,088
22,086
22,582
22,626

1958=-Jan
Feb
Mar
Apr
May . .
June
July
Aug ,
Sept
Get
Nov
Dec .

30,576
30,554
30,666
30,565
30,994
31,172
31,171
31,371
31,245
31,386
32,036
32,193

21,527
21,544
21,652
21,565
21,977
22,138
22,134
22,296
22,154
22,264
22,832
22,856

78
77
78
81
81
81
81
80
80
80
80
83

2,044
9,721
9,049
6,331
2,044 ; 6,355 9,724 : 9,011
2,047 i 6,377 i 9,792 ! 9,014
2,035 6,319 ; 9,750 9,000
2,081 6,465 9,910 9,018
2,081
6,489 i 10,019 9,033
2,064
6,450 10,056
9,037
2,082
6,502 10,117 9,075
2,072 6,433 10,025 9,091
2,091 6,477 10,048
9,122
2,154 6,683 10,294 9,205
2,186
6,624 10,288
9,337

For notes see end of table.

Digitized for FRASER


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

S20

9,442
9,483
9,462
9,497
9,542
9,635
9,660
9,709
9,694
9,734
9,871
9,819

20,799
20,918
20,896
20,979
21,085
21,243
21,237
21,331
21,321
21,414
21,771
21,636

June
July
Aug
Sept
Get
Nov
Dec

$10

69 2,051
6,359
68 2,052 6,432
67 ! 2,048
6,418
68 2,056 6,448
69 2,065 j 6,482
69 2,071 6,527
70 2,055 6,511
70 2,061
6,531
69 2,060 6,499
70 2,071 6,524
71 2,123
6,659
72 2,119
6,565

29,691
29,793
29,754
29,843
29,951
30,125
30,120
30,248
30,275
30,398
30,807
30,781

Sept
Get
Nov
Dec

$5

Large denomination currency

624

si

|
4 !

I
I
4
3
3
3
T

*i

3
3
3
4
4
4
3

;
;
i

3
3

3
3
3
3

34

8
8
8
8
8
8
8
8
8
8
8
11
8
8
12
8
8
8
8
8
8
8
8
15
9

?9
9
9
9
9
9
9

12
9
t)
9
9
8
13
8
8
13
8
8
14
8
8
8
8
H
10
8
8
9
9
8
13
9
8
8
9
8
9
8
8
8
8

CURRENCY
11.2

DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-70Continued


[In millions of dollars]

Total
in circulation

Total

Coin

$1 2

1959Jan.
Feb
Mar.
Apr
May
June. .
July
Aug.
Sent
Oct.
Nov
Dec,

31,125
31,129
31,250
31,349
31,638
31,914
31,898
31,973
31,848
31,905
32,489
32,591

21,926
21,975
22,111
22,209
22,479
22,731
22,721
22,784
22,672
22,752
23,277
23,264

2,139
2,144
2,164
2,175
2,193
2,215
2,224
2,241
2,259
2,269
2,294
2,304

1,408
1,406
1,414
1,429
1,447
1,449
1,436
1,444
1,464
1,474
1,488
1,511

I960Jan.
Feb
Mar,
Apr. .
May
June
July
Aug
Sept
Oct
Nov
Dec.

31,569
31,552
31,633
31,600
31,879
32,065
32,039
32,027
32,022
32,144
32,632
32,869

22,409
22,441
22,539
22,529
22,809
22,970
22,946
22,912
22,899
22,997
23,409
23,521

2,268
2,275
2,294
2,311
2,334
2,338
2,345
2,364
2,375
2,390
2,417
2,427

1961Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec

31,776
31,769
31.891
31,830
32,197
32.405
32,477
32,609
32,658
32,836
33,538
33,918

22,580
22,611
22.744
22,702
23,042
23,230
23,301
23,391
23,415
23,552
24.155
24,388

1962Jan
Feb
Mar
Apr
May
June
July
Aug.
Sept., . .
Oct.
Nov. . .
Dec.

32,774
32.880
33,018
33,159
33,518
33,770
33,869
33,932
33,893
34,109
34,782
35,338

1963 Jan
Feb.
Mar.
Apr.
May
June
July
Aug. .
Sept.
Oct.
Nov
Dec.

34,093
34,286
34,513
34,645
35.067
35,470
35.663
35,850
35,891
36,177
37.227
37,692

Year and month

1964 Jan
Feb
Mar.
Apr
May. .
June
July
Aug
Sept.. .
Oct.
Nov.
Dec

36,247
36,312
36,799
36,885
37,208
37,734
37,835
38,014
38,166
38,373
39,248
39,619

Coin and small denomination currency


$5

$10

$20

Total

$50

$100

80
80
80
80
81
83
82
83
82
83
84
85

2,064
2,062
2,075
2,083
2,112
2,117
2,104
2,111
2,212
2,122
2,185
2,216

6,340
6,378
6,410
6.452
6,534
6,584
6,562
6,572
6,521
6,544
6,734
6.672

9,894
9,904
9,968
9,989
10,112
10,282
10,312
10,333
10,233
10,261
10,491
10,476

9,199
9,155
9,139
9,140
9,158
9,184
9,178
9,189
9,176
9,154
9,213
9,326

2,733
2,714
2,704
2,710
2,721
2,742
2,742
2,741
2,733
2,725
2,753
2,803

5,814
5,791
5,789
5,787
5,796
5,808
5,804
5,820
5,823
5,815
5,850
5,913

272
271
270
269
269
265
266
264
263
261
260
261

368
367
366
363
361
357
355
352
347
344
342
341

3
3
3
3
3
3
3
3
3
3
3
3

8
8
8
8
8
8
8
8
7
5
5
5

1,419
1,409
1,410
1,417
1,440
1,440
1,428
1,426
1,444
1,457
1,487
1,533

82
83
82
82
83
84
84
85
85
84
86
88

2,102
2,098
2,105
2,104
2,138
2,141
2,124
2,113
2,133
2,147
2,191
2,246

6,415
6,456
6,494
6,474
6,561
6,604
6,567
6,525
6,542
6,557
6,683
6,691

10,123
10,120
10,154
10,141
10,263
10,363
10,398
10,399
10,320
10,362
10,545
10,536

9,160
9,112
9,095
9,070
9,069
9,094
9,093
9,115
9,122
9,148
9,223
9,347

2,739
2,719
2,715
2,712
2,718
2,737
2,739
2,738
2,728
2,731
2,762
2,815

5,825
5,795
5,787
5,769
5,767
5,774
5,776
5,800
5,818
5,844
5,888
5,954

254
256
255
254
252
252
250
250
249
248
248
249

334
334
330
327
324
323
320
319
319
317
317
316

3
3
3
3
3
3
3
3
3
3
3
3

5
5
5
5
5
5

10

2,391
2,392
2,406
2,417
2,445
2,462
2,475
2,491
2,506
2,532
2,563
2,582

1,439
1,431
1,434
1,433
1,465
1,462
1,460
1,463
1,475
1,494
1,534
1,588

86
86
86
86
87
88
88
89
88
89
90
92

2,120
2,114
2,124
2,119
2,156
2,162
2,151
2,154
2,163
2,180
2,246
2,313

6,409
6,438
6,496
6,476
6,584
6,638
6,622
6,647
6,656
6,671
6,866
6,878

10,135
10,150
10,198
10,171
10,305
10,418
10,505
10,547
10,527
10,586
10,856
10,935

9,196
9,157
9,149
9,129
9,155
9,175
9,177
9,218
9,242
9,282
9,383
9,530

2,752
2,736
2,733
2,726
2,741
2,757
2,761
2,768
2,766
2,773
2,814
2,869

5,875
5,855
5,851
5,839
5,852
5,861
5,862
5,898
5,926
5,959
6,021
6,106

247
246
245
245
244
243
242
242
241
241
241
242

314
312
312
310
309
306
304
302
301
301
299
300

3
3
3
3
3
3
3
3
3
3
3
3

5
5
5
6
6
5
5
5
5
5
5
10

23,400
23,531
23,651
23,741
24,057
24.266
24,326
24,364
24,304
24,441
24,991
25,355

2,552
2,562
2,580
2,612
2,637
2,652
2,671
2,687
2,701
2,727
2,756
2,781

1,485
1,477
1,484
1,497
1,515
1,516
1,512
1,502
1,518
1,542
1,570
1,636

91
91
91
92
93
93
94
93
93
94
94
97

2,178
2,178
2,188
2,190
2,225
2,231
2,214
2,210
2,211
2,228
2,294
2,375

6,575
6,644
6,686
6,680
6,789
6,837
6,814
6,832
6,801
6,819
7,009
7,071

10,519
10,579
10,622
10,670
10,798
10,937
11,102
11,040
10,980
11,031
11,268
11,395

9,375
9,351
9,367
9,418
9,461
9,503
9,543
9,569
9,588
9,670
9,791
9,984

2,804
2,791
2,795
2,812
2,831
2,850
2.868
2,870
2,864
2,882
2,924
2,990

6,027
6,017
6,032
6,066
6,089
6,111
6,134
6,163
6,188
6,254
6,333
6,448

239
239
238
238
238
239
239
237
237
237
237
240

297
296
294
294
295
295
294
291
291
289
289
293

3
3
3
3
3
3
3
3
3
3
3
3

5
5
5
5
5
5
5
5
5
5
5
10

24,215
24,385
24,548
24,614
24,952
25,266
25,367
25,488
25,468
25,642
26,535
26,806

2,759
2,773
2,795
2,827
2,850
2,878
2,904
2,926
2,947
2,960
2,986
3,030

1,524
1,519
1,523
1,539
1,562
1,566
1,559
1,558
1,576
1,592
1,644
1,722

95
95
95
95
96
97
97
98
98
98
100
103

2,217
2,219
2,230
2,232
2,266
2,279
2,265
2,271
2,282
2,302
2,396
2,469

6,723
6,788
6,838
6,819
6,932
7,004
6,993
7,026
7.001
7,046
7,359
7,373

10,897
10,991
11,067
11,102
11,246
1 1 ,442
11,549
11,609
11,564
11,644
12,050
12,109

9,879
9,901
9,965
10,031
10,115
10,205
10,295
10,362
10,422
10,535
10,692
10,885

2,937
2,939
2,954
2,975
3,001
3,030
3,060
3,075
3,077
3,103
3,155
3,221

6,407
6,427
6,471
6,516
6,572
6,631
6.691
6,743
6,794
6,885
6,988
7,110

239
239
241
242
243
244
244
244
245
245
247
249

289
289
292
291
292
293
293
293
294
294
295
298

3
3
3
3
3
3
3
3
3
3
3
3

4
4
4
4
4
4
4
4
9
5

3,021
3,044
3,105
3,139
3,, 169
3,205
3,223
3,249
3,285
3,321
3.359
3,405

1,599
1,590
1,621
1,630
1,655
1,676
1,668
1,668
1,693
1,716
1,749
1,806

101
101
102
103
105
107
108
109
111
111
108
111

2,287
2,278
2,321
2,320
2,350
2,379
2,359
2,364
2,361
2,385
2,455
2,517

6,958
6,983
7,096
7,095
7,170
7,280
7,262
7,272
7,280
7,328
7,568
7,543

11,533
11,566
11,754
11,775
11,904
12,151
12,239
12,310
12,339
12,339
12,687
12.717

10,748
10,750
10,799
10,822
10,856
10,936
10,975
11,041
11,099
11,173
11,324
11,518

3,157
3,147
3,158
3,172
3,185
3,217
3,231
3,249
3,253
3,262
3,314
3,381

7,043
7,057
7,094
7,104
7,127
7,175
7,202
7,248
7,302
7,367
7,468
7,590

247
246
246
247
246
246
245
245
246
246
246
248

294
293
294
292
291
292
291
292
291
291
289
293

3
3
3
3
3
2
3
3
3
3
3
2

4
4
4
4
4
4
4
4
4
4
4
4

25,499
25,562
25.999
26,062
26,353
26,798
26,859
26,972
27,069
27,200
27,926
28,099

$2

For notes see end of table.

Digitized for FRASER


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

Large denomination currency

625

$500

$1,000 $5,000 $10,000

5
5
5

CURRENCY
11.2

DENOMINATIONS OF CURRENCY IN CIRCULATION, 1941-70Continued


[In millions of dollars]
Coin and small denomination currency

Total
in circulation

Total

Coin

SI *

$2

38,540
38,593
38,816
38,760
39,207
39 , 720
39,897
40,165
40,443
40,754
41,824
42,056

27,158
27,227
27 , 424
27,365
27,758
28,188
28,311
28,500
28,724
28,926
29,829
29,842

3,435
3,468
3,520
3,566
3 , 608
3,662
3,689
3,751
3,808
3 , 856
3,956
4,027

, 709
, 702
,704
,714
, 740
,752
,748
,761
,783
,807 i
,858
,908

110 2,381
110 2,375
111 2,391
112 2,381
114 2,427
116 2,447
116 2,431
118 i 2,442
120 2,474
121 2,489
124 2,571
127 2,618

41,092
41,252
41,469
41,538
42,102
42,554
42,708
42,910
42,802
43,113
44,245
44,663

28,982
29,149
29,323
29,373
29,868
30,228
30,311
30,455
30,318
30,556
31,499
31,695

4,060 ; ,818
4,096
,818
,824
4,152
4,192
,838
,876
4,231
4,264
,884
4,285
, 880
4,317
,885
,899
4,342
4,380
,926
4,447
,996
4,480
,051

127
128
129
130
133
135
136
138
138
137
137
137

2,489 7,514 12,974 : !2,!10


2,495 7,586 13,027 32,103
2,496 7,607 13,116 12,147
2 , 502 7,585 13,125 12,166
2,555 7,732 13,342 12,234
2,570 7,805 13,569 12,326
2,550 7,770 13,690 12,397
2,561 I 7,780 13,774 12,456
2,551 7,730 13,659 12,483
2,583 7,785 13,745 !,12,556
2,684 8,076 14,159 12,747
2,756 8,070 14,201 "12,969

43,363
43,585
43 , 583
43,730
44,443
44,712
44,866
45,071
Sept'. : : : : : : : 45,031
Get
45,421
46,463
Nov.
Dec
47,226

30,532
30,758
30,753
30,887
3 1 , 509
31,684
31,774
31,884
31,795
32,095
32,937
33,468

4,461
4,481
4,518
4,551
4,600 '
4,641
4,674
4,720
4,752
4,803
4,865
4,918

,939
,933
,939
, 948
,984
, 879
,873
,878
,886
,913
,965
,035

137
137
137
137
137
137
137
137
136
136
136
136

2,599
2,612
2,599
2,607
2,671
2,635
2,625
2,628
2,621
2,658
2,748
2,850

7,730
7,840
7,801
7,817
7,979
8,035
7,989
8,001
7,949
8,013
8,266
8,366

13,667
13,755
13,759
13,827
14,138
14,357
14,476
14,521
14,451
14,572
14,957
15,162

1968- -Jan
Feb.
Mar
Apr,
May
June
July
Aug.
Scot
Get.
Nov...
Dec.

45,819
45 846
46,297
46,621
47,202
47,640
47,979
48,353
48 , 340
48,719
49,989
50,961

32,232
32 , 284
32,665
32,938
33,414
33,745
33,963
34,238
34,161
34,421
35,489
36,163

4,927
4,969
5,049
5,137
5,231
5,309
5,385
5,449
5,498
5,565
5,625
5,691

,923
,895
,857
,875
,883
,860
,871
,863
,872
,900
,957 i
,049

136
136
136
136
136
136
136
136
136
136
136
136

2,686
2,665
2,676
2,684
2,727
2,728
2,720
2,728
2 , 732
2,763
2,862
2,993

7,977
8,000
8 , 094
8,104
8,230
8,287
8,261
8,309
8,269
8,336
8,627
8,786

1969 Jan.
Feb. . . .
Mar.
Apr
May
June. . .
July
Aug
Sept..
Get
Nov.
Dec

48 , 983
48,996
49,475
49,642
50,399
50,936
51,120
51,461
51,336
51,710
52,991
53,950

34,401
34,421
34,792
34,895
35,529
35,920
35,981
36,232
36,033
36,275
37,325
37,917

5,673
5,603
5,645
5,692
5,730
5,790
5,827
5,849
5,877
5,909
5,965
6,021

,907
,895
,909
,934
,971
,989
,992
2,001
2,023
2,041
2,115
2,213

136
136
136
136
136
136
136
136
136
136
136
136

2,779
2,784
2,806
2,815
2,861
2,882
2,852
2,868
2,858
2,865
2,971
3,092

1970Jan.
Feb
Mar... .
Apr.
May
June . . . .
July
Aug
Sept

51,90!
52,032
52,701
53,034
53,665
54,351
54,473
54,669
54,795
55,021
56,381
57,093

36,120 5.986
36,227 5,988
36,780 6,028
37,012 j 6,053
37,509 6,084
37,994 6,128
37,959 6,145
38,041 6,170
38,082 6,193
38,192 6,213
39,284 6,251
39,639 6,281

2,075
2,060
2,086
2,105
2,134
2,157
2,132 1
2,142
2,168
2,18!
2,242
2,310

136
136
136
136
136
136
136
136
136
136
136
136

2,872
2,862
2,915
2,920
2,953
2,983
2,943
2,942
2,964
2,975
3,068
3,161

Year and month

1965Jan
Fcb
Mar
Apr
May
June
July
Sept. . . .
Oct....
Nov.
Dee
1966 J a n . . . . . . . . .
Feb
Mar
Apr. . . . . . . .
May
June
July
Aug.
Sept
Get
Nov
Dec
1967 Jan...
Fcb
Mar,.... ..
Apr, . . . . . . .
May .
June
July

bet.:;:
Nov.
Dee.

$5

Before December 1955, details are slightly overstated because they include small amounts of paper currency held by the Treasury and the Reserve Banks for which a denominational breakdown is not available.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Large denomination currency


i

$10

7,256
7,282
7,327
7,275
7,375
7,489
7,493
7,513
7,599
7,624
7,882
7,794

$20

Total

S50

SI 00 j S500

SI, 000 S5ttX 0 SI 0,000

7,519 I
7,517
7,536
7 , 544 i
7,579
7,635
7,674
7,735
7,792
7,883
7,990
8,135

246
245
245
244
244
243
243
243
243
243
243
245

290
288
288
288 i:
'89
287
28^
286
280
285
286
288

2
2 :
2
2
2
3 i
3 i

4
4
4
4
4
4
4

4
4
4
4

3,482
3,470
3,478
3,485
3 , 507
3 , 542
3,560
3,568
3,562
3,572
3,632
3,700

8,092
8,098
8,136
8,148
8,196
8 , 254
8,307
8,358
8,392
8,455
8,583
8,735

243
243
242
242
241
241
240
240
239
239
240
241

286
286
285
285
284
283
283
283 '
283
283
283
286

3
3
3 ,

4
4
4

12,831
12,827
12,831
'12,844
12,935
13,029
13,094
13,186
,13,236
13,325
13,524
13,758

3,629
3.622
3,621
3.625
3 , 660
3,699
3,724
3 , 749
3,751
3 , 766
3,832
3,915

8,673
8 , 677
8,6113
8,092
8,743
8,805
8,844
H,911
8,959
9,031
9,163
9,311

239
239
239
238
238
238
238
238
238
238
239
240

14,583
14,619
14,852
15,002
15,207
15,424
15,590
15,753
15,654
15,722
16,282
16,508

13,588
13,563
13,632
13,683
13,787
13,895
14,015
14,115
14,179
14,299
14,500
,|I4,798

3,835 9,221
3,820 9.213
3 , 840 9,261
3,857 9,293
3,894 9,360
3,932 9,430
3,971 9,511
3,999 9,581
4,002 9,64!
4,028 9,734
4,092 9,869
4,186 10,008

8,257
8,318
8,383
8,363
8,531
8,592
8,546
8,586
8,500
8,536
8,839
8,989

15,650
15,685
15,915
15,955
16,300
16,531
16,629
16,791
16,639
16,789
17,300
17,466

4,090
4,080
4, 102
4,130
4,159
4,212
4,251
4,276
4,280
4,302
4,385
4,499

8,425
8,482
8,622
8,646
8,744
8,837
8,743
8,743
8,747
8,761
9,090
9,170

16,626 : 15, 781 \ 4,380


16,699 115,805 ! 4,384
16,993 15,921 4,418
17,152 16,022 4,446
17,458 16,157 4,488
17,753 16,357 4,56?
17,861 16,513 4,621
17,909 16,627 4,654
17,875 16,712 4,668
17,926 16,829 4,694
18,497 17,097 4,781
18,581 17,454 4,890

12,267
12,289
12,371
12,317
12,494
12,723
12,833
12,921
12,941
13,029
13,439
13,369

11,382 3,321
11,366 3,310
11,392 3,316
'11,394 3,313
11,449 3,332
11,532 3,361
11,586 3 , 376
:! 1,659 3 , 389
11,719 1 3,392
1:11,828 3,41!
111,994 3,469
i l 2 , 2 1 4 3 , 540

14, 582
14,576
114,682
14, 747
14,869
515,016
i!5,139
15,229
15,303
'15,435
U S , 666
16,033

3 :

3
3
3
3

'
'

4
4
4
4
4
4
4
4

283
282
281
282
2B2
280
281
281
281
283
283
285

3
3
3
$
5 i
3
3 !
3
3
3
3
3

4
4
4
4
6
4
4
4
4
4
4
4

240
239
239
240
240
240
240
24!
241
241
242
244

285
284
285
286
286
286
286
287 ;
288
289
290 '
292

3
3
3
3
3
3
3
3
3
3
3
3

4
4
4
4
4
4
4
4
4
4
4
4

9,95!
9,955
10,023
10,073
10,1166
10,259
10,345
10,418
10,493
10,608
10,70!
!!,OI6

244
243
243
244
244
245
243
241
239
236
235
234

291
291
291
292
292
292
29!
286
283
280
278
270

3
*
3
3
3 :
3
3 '
3
3
3 i
3
;

1 0 , 889
10,914
10,999
11,075
1 1 , 1 73
11,298
11,404
11,487
1 1 , 562
11,650
11,839
12,084

231
229
228
226
225
223
221
220
219
217
216
215

273
271
209
266
264 :
262
260
25*)
257
255
254
252

3 ,:
3
3
3
3 :
3
3
3
3
3
3
3

5
5
5
4
4
4
4
4
4
4
4
4

.3
.3
3
.3
3
3
3
3

:
'

~ Paper currency only. Standard silver doKars are included in coin,


NOTE. Details may not add Jo totals because of rounding.

626

4
4
19
4
5
5
5
5
5
5
5

Section 12

MONEY RATES AND


SECURITIES MARKETS
Contents
INTRODUCTION.

633

RATES REGULATED BY THE


BOARD OF GOVERNORS

634

FEDERAL RESERVE BANK RATES_

634

Rates on eligible paper


Rates on Section 10(b) advances
Rates on advances to others than
member banks
Rates on industrial loans and
commitments
Buying rates on Treasury bills
Buying rates on bankers acceptances
Rates on repurchase agreements
MAXIMUM RATES ESTABLISHED BY THE
BOARD OF GOVERNORS
On time deposits
On loans guaranteed
under Regulation V

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635
635

MONEY RATES AND RELATED


STATISTICS

639

SHORT-TERM OPEN MARKET RATES IN


NEW YORK CITY
__

639

EFFECTIVE RATE ON FEDERAL FUNDS-

640

YIELDS ON SHORT-TERM
U.S. GOVERNMENT SECURITIES

641

BANK RATES ON BUSINESS LOANS

641

Prime rate
Average rates on business loans

642
642

635
636
636
636
637
638

COMMERCIAL AND FINANCE COMPANY


PAPER AND BANKERS ACCEPTANCES
OUTSTANDING
^_

645

638

SECURITIES MARKETS.

645

638

BOND YIELDS AND PRICES

646

627

Contentscontinued

STOCK PRICES, YIELDS, AND TRADING

INSTITUTIONAL INVESTORS

661

650
MUTUAL SAVINGS BANKS___._=-_

661

650
651
651

Types of investment permitted


Types of assets and liabilities shown

661
661

STOCK MARKET CREDIT^

652

SAVINGS AND LOAN ASSOCIATIONS-

662

MARGIN REQUIREMENTS^

652

Types of associations
Types of assets and liabilities shown

662
663

LIFE INSURANCE COMPANIES___^-

663

Types of companies and investments


Types of investments shown

663
663

CREDIT UNIONS .__^_.,-,,.

664

Common stock prices and yields


Preferred stock prices and yields
Trading volume

STATISTICAL MEASURES OF CREDIT^


Customer credit
Broker and dealer credit
Status of margin accounts

653
654
655
655

DEFINITIONS AND COVERAGE_^___ 656


SECURITIES ISSUES^

_^^__ 657

TOTAL NEW ISSUES BY TYPE OF ISSUER_ 658


CORPORATE

659

NEW STATE AND LOCAL GOVERNMENT


ISSUES ..,._, __, _, 659
NET CHANGE IN CORPORATE SECURITIES
OUTSTANDING
._
Type of issue or issuer
Method of derivation

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Federal Reserve Bank of St. Louis

660
660
660

628

Types of associations
Types of assets
Liabilities
PENSION FUNE
Public pension funds
Noninsured private pension funds

664
664
664

.._._ 665
665
665

Tables

12.1

Federal
A.
B.
Federal

Reserve Bank Discount Rates on Loans to Member Banks


Advances and Discounts under Sections 13 and 13a, 1941-70
Advances under Section 10(b), 1941-7CL
12.2
Reserve Bank Discount Rates on Advances to Others Than Member Banks
Secured by Direct Securities of the United States
A. Individuals, Partnerships, or Corporations Other Than Member Banks,
1933-70_
______^__________
B. Special Rates to Nonmember Banks, 1939-46
12.3
Federal Reserve Bank Rates on Industrial Loans and Commitments, 1941-59_
12.4
Maximum Rates Established by the Board of Governors
A. Maximum Interest Rates Payable on Time and Savings Deposits, 1933-70
B. Loans Guaranteed Under Regulation V, 1942-70. __^_______
12.5 Short-Term Open Market Rates in New York City
A. Annually and Monthly, 1941-70
_
B. Weekly, 1941-70__ ________^_____^_____
12.6
Effective Rate on Federal Funds
A. Annually and Monthly, 1954-70
______^______
B. Weekly, 1954-70___
__________________
12.7
Yields on Short-Term U.S. Government Taxable Securities
A. Annually and Monthly, 1941-70.
B, Weekly, 1941-70
__
_________
12.8
Bank Rates on Short-Term Business Loans
A. Prime Rate, 1929-70_ __
______
B. Average Rates, Annually and Quarterly, 1919-fifi
12.9
Bank Rates on Business Loans, Quarterly, 1967-70
A. Short-Term Loans, by Size
_ _
._ ..
B. Revolving Credit Loans, by SiV.p
C. Long-Term Loans, by SJ7e
12.10 Commercial Paper and Bankers Acceptances Outstanding, 1941-52
12.11 Commercial and Finance Company Paper and Bankers Acceptances Outstanding,
1948-70
____^_^_________
12.12 Bond Yields, by Type of Security
A. Annually and Monthly, 1941-70_
B. Weekly, 1941-70
_
_______
12.13 Yields on Aaa Utility Bonds
A. Annually and Monthly, 1960-70
. ______________
B. Weekly, 1960-70^

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Federal Reserve Bank of St. Louis

629

667
668

669
670
671
673
673
674
677
689
690
693
697
707
708
711
712
713
714
716
720
728
758
759

Tablescontinued

12.14 Basic Yields of Corporate Bonds, by Term to Maturity, 1941-70___.........,..._ 761


12.15 Bond Prices, by Type of Security, 194170_
_.,.___...____._. _, _ 762
12.16 Stock Price Indexes: Standard and Poor's Corporation
A, Annually and Monthly, 1900-70
764
B. Weekly, 1934-70_.____ _. ..___....__ ....__..-..,-. 770
12.17 Price Indexes of Common Stocks: New York Stock Exchange
A. Annually and Monthly, 1966-70______ .__________,.,_ 783
B. Weekly, 1966-70__ _^_.._______.._-. 783
12.18 Price Indexes of Common Stocks: American Stock Exchange
A. Annually and Monthly, 1963-70_________.. _,._..,__ 786
B. Weekly, 1963-70________ _____.__-. ,,,.__. 786
12.19 Stock Yields, 1926-7(L.______ _______.____-___.-_____ 788
12.20 Trading in Stocks on the New York Stock Exchange: Round-Lot Volume
A. Annually and Monthly, 1941-70________.__..____,__ 791
B. Weekly, 1914-70
792
12.21 Trading in Stocks on the New York Stock Exchange: Total Volume and Value,
Annually and Monthly, 1941-70___ _______,..__,__ 798
12.22 Margin Requirements, 1934-70.___,_.____ ____._....-_..__ 799
12.23 Stock Market Credit- Series for 1938-67, Monthly___ .____=_.__ 800
12.24 Detailed Debit and Credit Balances and Related Items of Member Firms of the
New York Stock Exchange Carrying Margin Accounts, 1942-67__M 805
12.25 Detailed Debit and Credit Balances and Related Items of Member Firms of the
New York Stock Exchange and the American Stock Exchange Carrying
Margin Accounts, 1968-70. ________._..__, __., 809
12.26 Money Borrowed by Member Firms of the New York Stock Exchange, Monthly,
1941 -63
.-_
____,
.,_ 810
12.27 Stock Market Credit- Series for 1966-70, Monthly_______._..____,,, 813
12.28 Equity Status of Margin Account Debt at Brokers, Monthly, 1966-70.-._____ 813
12.29 Special Miscellaneous-Account Balances at Brokers, by Equity Status of Accounts,
Monthly, 1966-70__^____._ _____ ,.___..,.
814
1230 New Security Issues
A, By All Issuers, Annually and Monthly, 1934-70___ _^____ __,_., 815
B. Proposed Uses of Net Proceeds by Major Groups of Corporate Issuers:
Old Grouping, Annually and Monthly, 1934-47_-_____ _., 822
C Proposed Uses of Net Proceeds by Major Groups of Corporate Issuers:
New Grouping, Annually and Monthly, 1948-63
825
D. Gross Proceeds, by Type of Issue, for Major Groups of Corporate Issuers,
Annually and Monthly, 1961-70,__ ______,^_ 828

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630

12.31 New Issues of State and Local Government Securities, Annually and Monthly,
1946-70_
__=
_____________^ 830
12.32 Net Change in Outstanding Corporate Securities
A. By All Issuers, Annually and Quarterly, 1934-70
835
B. By Type of Issuer, Annually and Quarterly, 1948-70
837
12.33 Mutual Savings Banks: Assets and Liabilities, Annually and Monthly, 1945-70^
839
12.34 Savings and Loan Associations: Assets and Liabilities, Varying Dates, 1945-70
843
12.35 Life Insurance Companies: Assets, Annually and Monthly, 1945-70
_____
_ 847
12.36 Assets and Savings Accounts of Credit Unions, Annually and Monthly, 1934-70_ 852
12.37 Assets of Private and Public Pension Funds, by Type of Fund, Annually, 1950-70_ 853
12.38 Types of Assets Held by Private Noninsured Pension Funds, Annually, 1950-70
854

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631

MONEY RATES AND


SECURITIES MARKETS

Section 12

INTRODUCTION
Current savings and other funds available
for investment are mobilized and invested
through the Nation's securities markets. These
markets bring together large numbers of borrowers and lenders to bid for or to offer funds,
and from this interplay of demand and supply
interest rates are established.
Some saving comes into these markets
directly, but the major part comes indirectly
through the loans and investments of banks
and of nonbank financial institutions such as
savings and loan associations, insurance companies, credit unions, and pension funds.
Whether these institutions invest in short- or
long-term securities depends in large measure
on their sources of funds, the regulatory controls under which they operate, and the nature
of their contingent liabilities. Some types of
institutions concentrate their investments in
mortgages and long-term bonds; others tend to
hold a larger proportion of their funds in
shorter-term issues. And certain institutions
and many individuals place some funds in
common and preferred stocks.

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Federal Reserve Bank of St. Louis

633

In carrying out its responsibility for regulating the flow of bank credit and money, the
Board of Governors of the Federal Reserve
System requires information on the flow of
funds through credit and securities markets
and on the costs of such funds. This section
includes information relating to certain instruments of credit policyFederal Reserve Bank
lending rates, maximum interest rates on time
deposits, and margin requirementsand also
statistics relating to money markets, securities
markets, and the investments of selected types
of financial intermediaries. All of these statistics have a bearing, directly or indirectly, on
the Federal Reserve System's credit policy.
Statistics relating to the quantitative instruments of credit policymember bank reserve
requirements and open market operations
appear in "Member Bank Reserves and Related Items," Section 10 of this publication.
The descriptive material and the statistics in
this section are divided into six main parts:
Rates regulated or established by the Board
of Governors of the Federal Reserve Sys-

Money Rates and Securities Markets

Margin requirements and major types of


securities credit.
Securities issues (Tables 12.30-12.32): New
issues, and changes in corporate issues outstanding.
Institutional investors other than commercial
banks (Tables 12.33-1238): Selected balance sheet data.

tern (Tables 12.1-12.4): Federal Reserve


Bank rates, maximum rates on time and savings deposits, and rates established under
Regulation V.
Money rates and related statistics (Tables
12,5-12.11): Short-term open market money
rates, rates on bank loans to business, and
amount of open market paper outstanding.

Unless otherwise noted, the tables contain


data for the period 1941-70. Current statistics
for most of these series are published regularly
in the Federal Reserve Bulletin.

Securities markets (Tables 12.12-12.21):


Yields and prices of bonds and stocks, and
volume of trading.
Stock market credit (Tables 12.22-12.29):

RATES REGULATED BY THE BOARD OF GOVERNORS


Two types of rates regulated by the Board
are described below: first, those that the Federal Reserve Banks charge member banks and
others on borrowed funds, generally referred
to as discount rates; and second, the maximum
rates that the Board of Governors has established on time deposits in member banks and
on loans that are guaranteed by agencies of the
U.S. Government.
FEDERAL RESERVE BANK RATES
The discount rate determines the cost to
member banks of the reserve funds they obtain
by borrowing from Federal Reserve Banks.
Every 14 days each Reserve Bank must establish its own discount rates, subject to review and
determination by the Board of Governors.
The national and international financial
communities think of Federal Reserve Bank
discount rates as pivotal rates in the credit
market. The key role assigned to them derives
largely from the fact that they are established
by the administrative action of a public body
having special information and competence to
judge whether expansion of bank credit and
money is consistent with the economy's cash
needs for transactions and liquidity.1
1

For further information on discount rates and


their relation to market rates of interest, see The Federal Reserve SystemPurposes and Functions (Board
of Governors of the Federal Reserve System, Washington, D.C,, 1974) pp. 75-77.

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634

The founders of the Federal Reserve System contemplated that Reserve Bank discount
rates would be set in accordance with regional
financial conditions. And they expected that
variations in regional financial conditions
would lead to variations in discount rates
among the Reserve Banks. In recent decades,
however, rates have tended to be uniform.
Basically, this tendency toward uniformity reflects improvements in the facilities and speed
of communication and transport as well as
further geographical integration of industrial,
commercial, and financial enterprises.
The principal types of rates established by
the Reserve Banks are shown in Tables 12.1
and 12.2. They are (1) rates to member banks
on discounts of eligible paper and on advances
secured by such paper or by obligations eligible for purchase by the Federal Reserve
Banks, (2) rates to member banks on other
advances secured to the satisfaction of the
Reserve Bank, and (3) rates on advances to
others than member banks secured by obligations of the United States, including those of
U.S. Government agencies. Before an amendment to the Federal Reserve Act in September
1968S the rates applicable to U.S. Government
obligations applied only to direct securities.
Table 12.3 shows rates on industrial loans and
commitments from January 1941 through
August 21, 1959, when Federal Reserve
authority to make such loans was repealed.
The Board's Regulation A contains detailed
information on the various types of discounts

Section 12
and advances that the Federal Reserve Banks
may make.2 The following discussion relates
principally to the rates charged.2 For the
period covered by the tables in this section
advances were processed on a discount basis
that is, the borrower paid the interest on the
date when he borrowed.3
Rates on eligible paper. The Federal Reserve Banks are authorized under Sections 13
and 13a of the Federal Reserve Act to discount for their member banks short-term
commercial and agricultural paper and to make
advances on member banks' promissory notes
secured by such eligible paper, by U.S. Government obligations, or by any other obligations eligible for purchase by the Federal Reserve Banks, The rate charged for such loans is
usually referred to as the "discount rate." This
rate, which is shown in Table 12.1 A, has
been the lowest of the rates charged by the
Federal Reserve Banks except when a preferential rate has been in effect for advances
secured by Government securities.
In the early years of the System the Reserve Banks established a variety of discount
rates, differing with the class of paper and the
maturity. However, since 1921 a single rate
has prevailed at each Federal Reserve Bank
for all discounts and advances to member
banks, with two exceptions. In September 1939
some of the Federal Reserve Banks established
a preferential rate on paper secured by Government securities. These rates were in effect
at the beginning of the period covered by this
publication, but the differences between these
rates and those on other discounts and advances were eliminated in February, March,
2
For a discussion of Federal Reserve lending operations see the study, Reappraisal of the Federal
Reserve Discount Mechanism (Board of Governors
of the Federal Reserve System, Washington, D.C.,
1971). Part 1, 276 pp.; Part 2, 173 pp.; and Part 3,
214 pp.
See also Howard H. Hackley Lending Functions of
the Federal Reserve Banks: A History (Board of
Governors of the Federal Reserve System, Washington, D.C., 1973) 271 pp.
;l
Effective Nov. 23, 1970, the Board amended procedures under Regulation A to permit interest to be
paid at the time an advance was repaid, but it delayed
inauguration of this procedure until Feb. 4, 1971.

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635

and April 1942, when rates for other discounts


and advances were lowered. In the autumn of
1942 all 12 of the Federal Reserve Banks
established a preferential rate on advances
secured by Government securities maturing or
callable in 1 year or less. This preferential rate
was in effect until the spring of 1946, when it
was discontinued. Although member banks
could borrow during World War II at a preferential rate on advances secured by short-term
Government obligations, they made little use of
this privilege.
Rates on Section 10(b) advances. In addition to advances under Sections 13 and 13 a,
the Reserve Banks are authorized under Section 10(b) of the Federal Reserve Act, enacted on February 27, 1932, to make advances
to member banks provided such advances are
secured to the satisfaction of the Federal Reserve Banks. The rate on these advances,
shown in Table 12.1 B, may not be less than
l
/2 of 1 percentage point higher than the
highest rate in effect on discounts for member
banks under Sections 13 and 13 a. During most
of the period covered by Table 12.1 B, the
discount rate on advances under Section 10(b)
was Vz of 1 percentage point higher than the
rate on eligible paper at each Reserve Bank.
Rates on advances to others than member
banks. Under the last paragraph of Section 13
of the Federal Reserve Act, enacted on March
9, 1933, the Federal Reserve Banks may make
advances to individuals, partnerships, or corporations on direct securities of the U.S. Government and also, beginning in 1968, on obligations of U.S. Government agencies, including
those that are fully guaranteed as to principal
and interest. Such advances, which are made
mainly to nonmember banks, have never been
a substantial part of Federal Reserve discount
operations.
During the defense build-up that began in
late 1939 and throughout World War II, each
of the Reserve Banks had a special rate to
nonmember banks under this provision. This
special rate, which was eliminated in March
and April 1946, was at the same level as the
regular discount rate for members banks. Table
12.2 shows discount rates for 1933-70 on advances to individuals, partnerships, and cor-

Money Rates and Securities Markets


porations under the last paragraph of Section
13. Rates for the period 1933-41 were not
published in Banking and Monetary Statistics
(1914-41).
Rates on industrial loans and commitments*
Under Section 13b of the Federal Reserve Act,
enacted on June 19, 1934, the Federal Reserve
Banks were authorized to provide credit to
business enterprises for working capital. This
section of the Act was repealed effective
August 21, 1959, by the Small Business Investment Act of 1958. During the 30 years covered by this publication, the volume of industrial loans and commitments was small except
during World War II. Table 12.3 shows the
rates charged on such loans and commitments.
These rates are described on page 424 of
Banking and Monetary Statistics (1914-41).
Buying rates on Treasury bills. During and
immediately after World War II there was a
special buying rate for Treasury bills. On April
30, 1942, the Federal Open Market Committee
(FOMC)which makes decisions on open
market operations for the Systemdirected the
Federal Reserve Banks to purchase all offerings of Treasury bills at a discount rate of 3/s
of 1 per cent per annum. This rate applied not
only to banks but also to all other holders of
Treasury bills, including dealers in securities.
On August 3, 1942, the FOMC supplemented its action of April 30, 1942, by directing that the seller of any such bills could repurchase before maturity a like amount of bills
of the same maturity at the same rate of discount. Beginning with May 15, 1943, all purchases of Treasury bills by the Reserve Banks
at the posted buying rate of % of 1 per cent
per annum were made subject to the repurchase option. On July 2, 1947, the FOMC
discontinued the special buying rate for Treasury bills issued on or after July 10, 1947.
Buying rates on bankers acceptances. Purchases of bankers acceptances by the Federal
Reserve Banks have at times been an important part of Reserve Bank credit, but during the
1941- -70 period the amounts of such purchases
were significant only after 1954.4 Data on

Reserve Bank holdings of acceptances are


shown in Tables 9.1? 9.4, and 10.1 A of this
publication.

Buying Rates on Bankers Acceptances


Per cent per annum

Effective date

1941 In effect Jan. 1...


1946=July 12
AUP 24
1947 Dee i
1948- Jan 12
Aug. 13
195QAug 21
1951=Dee. IB

s:'
I
IS

^4
1

HI

H*
l7^

IS

1953Jan. 16
1954Feb. 5.
Apr. 16
1955Jan. 13

1
IS

IS

(:)

1952 June 1 9 . . . . . . . . . .

2M
US

Mar. 2

Mar. 30

...

1
The Federal Open Market Committee terminated authority to
make repurchase agreements.
2
Purchases made at market rates of discount under periodic
authorizations of the Federal Open Market Committee.
3
Repurchase agreements authorized at rates not less than the
lower of (a) the discount rate on eligible paper or (b) the average
issuing rate on the most recent issue of 3-month Treasury bills.

4
For figures on the total amount of bankers acceptances outstanding, see Tables 12.10 and 12,11 of
this section.

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Outright purchases, by
maturity (days)
Re pur .. ..-____--_
..^^ ..._ . ._. . j chase
agree1 to
91 to
121 to
ments
90
120
180

636

In 1941, the first year covered by this publication, each Reserve Bank had a minimum
buying rate for purchases of prime bankers
acceptances payable in dollars. This minimum
was set by the Bank's board of directors, subject to review and determination by the Board
of Governors. "Effective buying rates"that
is, the rates actually chargedwere established
by the Bank's officers at or above the approved
minimum rate. Buying rates at the various Reserve Banks generally were adjusted to agree
with the rates at the Federal Reserve Bank of
New York.
On June 19, 1952, the FOMC assumed responsibility for setting the minimum buying
rate and authorized the Manager of the System Open Market Account to specify the effective buying rates, subject to any directives or

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Section 12
limitations prescribed by the FOMC or its executive committee. On March 2, 1955, the
Committee discontinued this procedure and
authorized System purchases or saleseffective March 30of prime bankers acceptances
at market rates of discount; it also authorized
repurchase agreements in bankers acceptances
with nonbank dealers. It was understood that
transactions in bankers acceptances would be
entered into only when consistent with the general credit policies of the FOMC.
The effective buying rates at the Federal Reserve Bank of New York for bankers acceptances of various maturities and the rate for
repurchase agreements beginning with 1941
are shown in the table on the opposite page.
Rates on repurchase agreements. From
time to time during the period covered by this
publication the Federal Reserve Banks have
been authorized to make purchases of three
types of securities (Government securities,
bankers acceptances, and Federal agency issues)
under repurchase agreements, with a commitment by the seller to repurchase the securities
within 15 days. Stipulations regarding transactions in these three types are discussed in the
following paragraphs.
(1) Within the period covered by this publication, 1941-70, the Reserve Banks had no
authority to acquire Government securities
under repurchase agreement from March 1,
1945, until February 24, 1948, when these
Banksin certain circumstanceswere authorized to make such agreements on short-term
securities with dealers qualified to transact
business (that is, nonbank dealers) with the
System Open Market Account. Rates on repurchase agreements made before March 1,
1945, and on those made from February 24,
1948, to July 22, 1952, were established by the
Reserve Banks subject to the approval of the
Board of Governors.
On July 22, 1952, the FOMC assumed
more direct responsibility for supervising repurchase agreements on Government securities
and directed the Manager of the System Open
Market Account to set the effective buying rate
at not less than the lower of (1) the discount
rate on eligible paper, or (2) the average
issuing rate on the most recent issue of 3-

637

month Treasury bills. On June 23, 1954, the


Open Market Committee transferred from the
Manager to its executive committee the authority to set the buying rate on Government securities acquired under repurchase agreement.
On June 22, 1955, the executive committee
was abolished, and its responsibilities were
assumed by the full FOMC.

Buying Rates on U.S. Government Securities


Under Repurchase Agreement
Effective dale
1941In effect Jan.
1945Mar. I
1948Feb. 24
Aug. 13
1949Aug. 19
1950Mar. 20
1951Feb. 8

Oct. 15
1952July 22

1 per cent
FOMC terminated authority to repurchase
1 K Per cent
11- per cent
M i n i m u m rate or 1 H per cent
Minimum rate of 1$ of 1 per cent above
average issuing rate on most recent issue
of Treasury bills
Previous rate except that differential might.
be less than Vs of 1 per cent above
average issuing rate
Minimum rate of not more than % of 1 per
cent below average issuing rate on most
recent issue of 3-month Treasury bills
Not less than the lower of (a) the discount
rate on eligible paper, or (b) the average
issuing rate on the most recent issue of
3-month Treasury bills.

Buying rates on Government securities under


repurchase agreements effective during the
period 1941-70 are shown in the accompanying table. The rate was usually equivalent to
the discount rate of the Federal Reserve Bank
of New York. Since August 2, 1955, the
authorization to purchase Government securities under repurchase agreements has been
limited to purchases for the account of the
Federal Reserve Bank of New York.
(2) When the FOMC assumed authority
over purchases of bankers acceptances in June
1952. it did not authorize any purchases under
repurchase agreement. Effective March 30,
1955, the Committee authorized the Federal
Reserve Bank of New York to enter into repurchase agreements with nonbank dealers in
bankers acceptances at rates prescribed by its
executive committee. Responsibiltiy for establishing these rates was assumed by the full
Committee on June 22, 1955, when the executive committee was abolished.

Money Rates and Securities Markets


(3) Effective November 1, 1966, the FOMC
authorized the Federal Reserve Bank of New
York to enter into agreements for repurchase
of obligations of, or guaranteed as to principal
and interest by, U.S. Government agencies on
the same basis as repurchase agreements for
U.S. Government obligations and bankers
acceptances.
The directive of the FOMC on repurchase
agreement rates that was in effect at the end
of 1970 was the same for U.S. Government
securities, Federal agency obligations, and
bankers acceptances:
To buy U.S. Government securities, obligations that are direct obligations of, or fully guaranteed as to principal and interest by, any agency
of the United States, and prime bankers' acceptances with maturities of 6 months or less at
the time of purchase, from nonbank dealers for
the account of the Federal Reserve Bank of New
York under agreements for repurchase of such
securities, obligations, or acceptances in 15 calendar days or less, at rates not less than (1) the
discount rate of the Federal Reserve Bank of
New York at the time such agreement is entered
into, or (2) the average issuing rate on the most
recent issue of 3-month Treasury bills, whichever
is the lower . . . .

MAXIMUM RATES ESTABLISHED BY


THE BOARD OF GOVERNORS
In addition to its review and determination
of Federal Reserve Bank discount rates, the
Board of Governors has statutory responsibility for setting maximum rates on member
bank time deposits and on certain types of
Federally guaranteed loans.
On time deposits. The Banking Act of
1933 forbade member banks to pay interest on
demand deposits and subjected the interest
paid on time and savings deposits to limitations prescribed by the Board. Table 12.4 A
shows the maximum rates on time deposits
prescribed by the Board under Regulation Q
during 1933-70. The rates payable by member banks may not exceed the maximum rate
payable by State banks or trust companies on
like deposits under the* laws of the State in
which the member bank is located. Maximum
rates for insured nonmember commercial
banks are established by the Federal Deposit

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638

Insurance Corporation. Effective February 13


1936, these rates have been the same as those
for member banks.
Effective October 15, 1962, Section 19 of
the Federal Reserve Act was amended to
exempt deposits of foreign governments and
certain international institutions from regulation by the Board of Governors as to rates of
interest that member banks may pay on time
deposits; the legislation included a similar
amendment to Section 18(g) of the Federal
Deposit Insurance Act for such deposits in
nonmember insured banks. Rates on such deposits were exempt from regulation through
October 15, 1968.
On September 21, 1966, Section 19 of the
Federal Reserve Act was amended to provide
for consultation by the Federal Reserve Board
of Governors with the Board of Directors of
the Federal Deposit Insurance Corporation and
the Federal Home Loan Bank Board in setting
maximum rates payable by commercial banks
on time and savings deposits. This amendment, under which the Interagency Coordinating Committee was formed, has been carried
in subsequent extensions of the authority of the
Federal Reserve Board of Governors to regulate maximum rates payable on time and savings deposits.
On loans guaranteed under Regulation V.
During World War II the U.S. Government
provided for the guarantee of loans to finance
the production of materials and services
deemed essential by military and other Federal
procurement agencies. When war broke out in
Korea in 1950, a similar program was inaugurated, and it was continued during the remainder of the period covered by this publication. The Reserve Banks have acted as fiscal
agents of the guaranteeing agencies under
Regulation V of the Board of Governors, and
the Board has specifiedafter consultation
with the guaranteeing agenciesthe maximum
interest rate and the commitment fee that the
financing institution may charge a borrower on
guaranteed loans and the guarantee fee to be
paid to the guaranteeing agency.
The World War II program for guaranteed
loans began when Executive Order 9112 was
issued on March 26, 1942. Under this Order

Section 12
the Board of Governors issued Regulation V,
effective April 6, 1942. The authority of the
guaranteeing agencies was broadened under
Executive Order 9336 of April 24, 1943, and
the Contract Settlement Act of 1944 to cover
loans enabling contractors to obtain release of
working capital promptly upon termination of
war production contracts. The last guaranteed
loans under this part of the program were
made in May 1946.

The second guaranteed loan program was


authorized under the Defense Production Act
of 1950 and Executive Order 10161 of September 9, 1950. Under those authorizations
the Board of Governors issued its Regulation V in revised form effective September 27,
1950. Table 12.4 B shows the maximum interest rates and commitment fees on guaranteed loans and the guarantee fees for the
period 1942-70.

MONEY RATES AND RELATED STATISTICS


Statistics on interest rates indicate the cost
of credit to borrowers and the rate of return
to those who lend and invest. Actions of the
Federal Reserve System are likely to have an
effect on money rates of different types. And
the Federal Reserve System takes these probable effects into consideration in determining
monetary policy.
The money rate series in Tables 12.5-12.9
include short-term open market rates in New
York City, the effective rate on Federal funds,
yields on short-term U.S. Government securities, the prime rate charged by banks, and rates
charged on business loans by banks in principal cities. Tables 12.10 and 12.11 show the
volume of commercial and finance company

paper and of bankers acceptances outstanding;


these figures are of interest in connection with
the rates on such paper, given in Table 12.5.5
The accompanying table shows the basis for
calculating average yield series.

SHORT-TERM OPEN MARKET RATES


IN NEW YORK CITY
When a bank does not have enough reserves
and cannot replenish its supply by, for exam5
The volume of loans or securities of other types
for which open market rates are shown in this section
are available in other sections of this publication.

Basis of Figures Used in Average Yields of Short-Term Securities


Series
Prime commercial paper
Finance company paper
Prime bankers acceptances. . .
Stock exchange call l o a n s . . . .
New
Renewals
Federal funds
Certificates of deposit (CD's).
Eurodollars
U.S. Government (short-term):
New issues (bills)
,
Market yields

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Weekly figures

Monthly figures

Annual figures

Averages
of
daily

Averages
of
daily

Averages
of
daily

figures

figures

figures

Average yield on all Average yield on all acaccepted bids


cepted bids
Averages of daily clos- Averages of daily closing
ing bids
bids

639

Averages of weekly
figures
Averages of weekly
figures

Money Rates and Securities Markets

pie, withdrawing balances from a correspondent bank, by purchasing Federal funds, or by


raising rates on time certificates of deposit so
as to attract funds, it has the choice of borrowing from the Reserve Bank at the discount rate
or of liquidating some of its assets. The assets
that it is most likely to liquidate are those that
involve the smallest loss of principal or yield
or that have a fully developed market, which
permits sales without a significant concession
in price. Short-term open market paper is that
type of an asset.
The short-term open market rates shown in
this section are those quoted in New York
City, which is the chief money market center
in this country. Money from all parts of the
country is loaned in that market, and in normal
times borrowers throughout the world obtain
funds there. While U.S. short-term markets are
closely interrelated, each deals with a specialized instrument. Hence, rates in these
markets vary to some extent depending on
differences in the supply of short-term funds
relative to the demand from the various types
of short-term borrowers.
These markets are called "open" markets
because transactions in them are usually on
an impersonal basis with the borrower and
lender dealing through agents, as distinct from
a "customer" market where the borrower and
lender deal directly with each other and where
transactions are often on a personal basis. As
a result of the impersonal relationships that
exist in the open market, lenders may feel
more free to sell the paper they hold, to call
their loans if necessary, or to refrain from renewing credits upon maturity.
Table 12.5 includes five series of rates for
loans based on commercial transactions and
two series of rates for loans based on security
collateral. These figures are collected by the
Federal Reserve Bank of New York. Rates
on commercial paper and on bankers acceptances are averages of daily offering rates of
dealers. Rates on finance company paper
placed directlynot available before 1947
are averages of daily rates for varying maturities in the 90- to 179-day range; rates are
quoted by the individual finance companies
that place such paper.

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640

Rates on negotiable certificates of deposit


(CD's) are averages of the daily midpoints as
determined from the range of offering rates in
the secondary market. Those on Euro-dollar
borrowings are averages of daily quotations of
the London bid rate. Both rates are shown in
Table 12.5 beginning in the mid-1960's.
Rates on Stock Exchange call loans are averages of daily quotations. Separate figures for
new and renewal rates were discontinued beginning with March 1957, and only one rate
is available thereafter.
During 1941-45 the rate on bankers acceptances was unchanged at 0.44 per cent and
that on Stock Exchange call loansnew and
renewalwas unchanged at 1.00 per cent;
therefore no figures for these series are shown
in the weekly table until 1946.
EFFECTIVE RATE ON
FEDERAL FUNDS
Federal funds are excess reserves on deposit
with Federal Reserve Banks that commercial
banks and others may borrow or lend to adjust
reserve positions or to make payments in immediately available money. The major participants in the Federal funds market are commercial banks, especially the larger banks in
financial centers. These banks borrow Federal
funds to cover their reserve deficiencies, and
they lend Federal funds to employ their excess
reserves. Large banks also trade in Federal
funds with their correspondent banks as an
accommodation to them. Other participants in
the Federal funds market include dealers in
U.S. Government securities, agencies of foreign
banks, and a few savings banks.
The "effective1' rate on Federal funds is estimated each day by the Federal Reserve Bank
of New York. It is not a statistical calculation,
such as an average, of the rates paid on all
transactions in Federal funds. Rather, it represents a concensus of major market participants
in New York City as to the rate at which most
transactions in these funds were executed during the day, after taking into account reports
from active participants in the market. The
data shown in Table 12.6 begin with the week

Section 12
ending July 14, 1954, when the Federal Reserve Bank of New York began to estimate the
daily figure.
YIELDS ON SHORT-TERM
U.S. GOVERNMENT SECURITIES
During the 1930's the supply of private open
market paper declined sharply, and banks invested an increasing amount of funds in U.S.
Government obligations, particularly those
with short maturities. Over the years nonbank
investors too, particularly business corporations, have become important holders of shortdated Government securities. As a consequence,
market yields on short-term Government
securities have come to be regarded as basic
series on open market money rates.
The Treasury's short-term marketable debt
consists of bills and coupon issues. Bills were
first issued by the Treasury in December 1929.
They differ from other types of securities because they are sold on a discount basis instead
of being offered with an interest coupon.
Treasury bills have been issued with varying
maturities of up to 1 year, but the largest
issues have been 3-month bills. As of the end
of 1970, bills were being offered on a regular
basis with maturities of 3 months, 6 months, 9
months, and 1 year.6 There were no 6-month
bill offerings between the mid-1930's and late
1958, and 1-year bills were first marketed in
July 1959; 9-month bills were sold monthly
from September 1966 to October 1972.
The Treasury's short-term coupon obligations consist of certificates of indebtedness,
notes, and bonds.7 Certificates, which have
had maturities not exceeding 1 year, were
issued during the period 1942-64. Since 1967,
notes have had initial maturities of 1 to 7
years, while bonds have original maturities of
more than 7 years.
Table 12.7 shows yields on short- and intermediate-term U.S. Government securities, and
6

The Treasury also issues tax-anticipation bills on


which maturities usually range from 3 to 9 months.
7
The Treasury has at times issued certificates of indebtedness bearing no coupons; accrued interest on
such issues is paid at maturity.

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641

Tables 12.12 and 12.15 show yields and


prices, respectively, of long-term U.S. Government bonds.
The market yield series shown in Table 12.7
are based on closing bid quotations reported
daily to the Federal Reserve Bank of New
York by dealers in U.S. Government securities.8 Quotations on 3-month, 6-month, and
12-month Treasury bills are for the issues
closest to these maturities. The rate on new
issues represents the average yield on all
accepted bids for such issues.
In addition to the yield series for bills, there
are yield series for short- and for medium-term
coupon issues. The short-term series is composed of selected certificates, notes, and bonds
due in 9 to 12 months, while the medium-term
series is made up of selected notes and bonds
due in 3 to 5 years. The average maturity of
the issues in each category varies somewhat
with the passage of time and as new issues are
added and old ones removed.
Market yields on Treasury bills are not
strictly comparable with those of coupon
issues. Bill yields are computed on a bankdiscount basis and therefore only approximate
a true yield. More specifically, the computation
of the discount makes use of a 360-day year,
and it bases the return on par rather than the
discount normally paid for the bills. Moreover, it ignores the results of compounding for
bills maturing in more than 6 months. The first
two considerations give the yield a downward
bias; for longer bills the upward bias resulting
from the absence of compounding offsets the
downward bias only in part.

BANK RATES ON BUSINESS LOANS


Banks make both short- and long-term loans
to their customers. A substantial proportion
of the business credits that they extend are in
8
For the period January 1950 through March 1953,
yields were based on the mean of closing bid and
asked quotations. For bonds with optional call dates,
yields are computed to earliest call date for issues
selling above par and to final maturity for those
selling at or below par.

Money Rates and Securities Markets


the form of short-term loans directly to individual customers. Because these loans involve
a variety of considerations arising out of customer relationships, the market for them differs
considerably from the open market for shortterm funds.
Table 12.8 shows two series for short-term
interest rates charged by banks: (a) the prime
rate and (b) average rates. Table 12.9 shows
average rates not only for short-term loans,
but also for long-term loans and for revolving credits.
Prime rate. The prime rate is the rate that
banks charge their most creditworthy business
customers on short-term loans. It is the base
from which rates charged on loans to other
business customers are scaled upward. Generally speaking, the prime rate has not been
considered a sensitive rate that fluctuates daily
in response to short-term changes in demand
and supply as measured by a national market.
Rather, during the period covered by this publication, its movements tended to be infrequent, and they tended to lag appreciably behind changes in the general business situation
and in open market money rates.
Prime rates are "formally" posted only by
the largest banks. A nationally publicized and
uniform prime rate did not emerge until the
depression of the 1930's. The rate in that
period\ l /2 per centrepresented a floor below which banks were said to regard lending
as unprofitable. The rate remained at that level
until December 1947.
The criteria that borrowers must meet if
they are to qualify as "prime" cannot be precisely defined. Over the long run it appears
that about half of the total dollar volume of
short-term business loans (including new loans
and renewals) reported by the banks in the
leading cities that are included in the Federal
Reserve quarterly survey of interest rates have
carried the prime rate; this proportion is subject to some cyclical fluctuation. The propor-

For a discussion of the history of the prime rate


and its role in the lending process, see "The Prime
Rate/* Monthly Review, Federal Reserve Bank of
New York, April and May 1962, pp. 54-59 and
70-73, respectively.

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642

tion is much higher for large loans and is much


lower for small loans.
Table 12.8 A shows the effective dates of
changes in the prime rate beginning with 1929.
The date shown is that on which the new
rate was put into effect by the first bank to
make the change. The table shows a range of
rates for 1929-33 because no information is
available to indicate when the rate changed
in that period.
Average rates on business loans. Because
of the wide range in rates charged on individual loans at any one timeowing to variations in the type of borrower and the type of
loanit has been difficult to compile a series
of representative or typical rates with assurance of consistency over time. In order to improve the series, methods of reporting the
basic data and of compiling the series have
been changed from time to time.
The Federal Reserve series on interest rates
charged by banks on business loans begins with
1919. Since then the System has collected reports on rates charged by selected large member banks in a number of leading cities on
specified types of loans. The number of cities
reporting and the types of loans included have
varied.
The leading cities covered by the interest
rate series are representative financial centers.
They have large loan markets, and the interest
rates there are probably more responsive to
changes in general monetary conditions than
are rates in other places. Because of the financial importance of these cities, their influence
predominates in any compilation of rates designed to show movements of rates in large
cities.
Both the number of cities reporting and the
types of loans covered have varied over time.
Nevertheless, there have been long periods in
which both were constant. For example, the
number of reporting cities was set at 19 (New
York City, 7 other northern and eastern cities,
and 11 southern and western cities) in 1929,
and it remained unchanged through 1966. Insofar as types of loans are concerned, the rates
were averages for commercial loans and for
time and demand security loans for the period
1919-29; for commercial loans only for 1929

Section 12
through February 1939; and for new commercial and industrial loans, 1939-66.
SERIES FOR 1939-66. Surveys conducted by
the Federal Reserve System in the 1940's made
available important new data regarding interest
rates and discount rates on bank loans and the
relationship of various loan and borrower characteristics to the interest rate. Such data emphasized the need, and provided the basis, for
a comprehensive revision of the series. This
revision began with June 1948.
The reporting form adopted at that time
provided data for each loan whereas previously
the bank had reported the total number and
dollar amounts of loans made at certain interest rates or within a certain range of rates.
Data reported on the new form, as well as data
obtained in previous and subsequent comprehensive business loan surveys, indicated that
the wide variation in rates at any given time
reflected differences in size of loan more than
it reflected differences in city or region, which
had been the basis of earlier averages. For
this reason changes in average rates from one
period to another before the revision often reflected changes in the size distribution of loans
rather than in the general level of interest rates.
Data for individual loans permit the computation of average rates in a manner that adjusts
for changes in size composition. Therefore,
they reflect more accurately variations over
time in the level of interest rates.
Part B of Table 12.8 shows average rates
charged by selected large member banks in 19
leading cities on short-term business loans classified by four size classes and by three geographic areas quarterly for the period June
1948-December 1966.10
Data previously compiled were reworked for
the period March 1939-March 1948 to provide estimates of average rates charged on
loans for all 19 cities by the same size-of-loan
classifications as those shown for the new data.
These figures too are shown in Table 12.8 B.
There are no size-of-loan figures for the three
geographic areas until June 1948.
10

Data were collected both for loans of less than


1 year and for term loans, but the latter did not
yield analytically useful averages.

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643

The following paragraphs describe how average rates were computed on the basis of the
types of data available for the period June
1948 through the last survey of 1966.11 The
averages are based on rates charged on each
loan (new or renewal) that was made for business purposes during the first 15 days of
March, June, September, and December.
1. All short-term business loansthat is, those with
a maturity of 1 year or lesswere sorted out by the
Federal Reserve Banks and then grouped by major
geographic area: New York City, 7 northern and
eastern cities (Boston, Buffalo, Philadelphia, Pittsburgh, Cleveland, Detroit, and Chicago) and 11
southern and western cities (Baltimore, Richmond,
2. The loans for each area were then broken down
into nine size classes:
Size class
(thousands of dollars)
1-5
5-10
10-25
25-50
50-100
100-200
200-500
500-1,000
1,000 and over
3. Averages of rates paid on loans in each size
class were computed for each area by dividing the
dollar amount of interest charged, figured at an annual rate, by the dollar amount of loans made in
each class.
4. The resulting averages for nine size classes for
each area were combined into four major size groups
(see Table 12.8 B). The weights used for this computation were based on the importance in each area
of the minor size classes in the loan portfolio of the
reporting banks as of the November 20, 1946, survey
of business loans.
5. For the four major size groups an average rate
for all 19 cities was calculated by combining the corresponding averages for the three geographic areas.
These too are weighted averages, based on the distribution of short-term loans outstanding at ratereporting banks on November 20, 1946.
6. For each of the three geographic areas, and for
all 19 cities taken together, an average rate was computed to show the over-all average movements in
rates on all sizes of loans. In each case this average
11
Changes in the composition of the series beginning with 1967, which is shown in Table 12.9, will be
discussed later.

Money Rates and Securities Markets


was obtained by combining the average rates for the
four major size groups of loans.12

SERIES BEGINNING 1966. Table 12.9 A provides data for short-term business loans for
quarterly periods February 1967 through
November 1970. These data reflect certain revisions made in the series for short-term business loans beginning with the first survey in
1967. Although these revisions have little
effect on the averages, they preclude precise
comparability between the old and the revised
series.
One of the major changes was in the schedule of reporting periods, which was shifted
from the last month of each calendar quarter
to the middle month of the quarter. Thus, the
survey covers loans made in the first 15
calendar days of February, May, August, and
November. The principal reason for this
change was to avoid distortions in the interest
rate averages stemming from the large and
variable amounts of borrowing for income tax
payments by large firmswhich are able to
borrow at lower rates than small firmsin the
first or final months of each quarter of the
calendar year,
In addition to the scheduling change, beginning in 1967, two types of loans were excluded
from the surveyloans to foreign businesses
and business instalment loans. These loans
were excluded because a number of banks in
the old survey had not reported data in these
two loan categories and because these two
types of loans generally carried higher interest
rates; moreover, as compared with other types
of short-term business loans, they were subject
to different influences.
In addition to the refinements in the survey discussed above, the sample of banks
covered in the survey was increased from
66 to 126, and the number of financial centers covered was increased from 19 to 35. The
sample of respondent banks was enlarged
mainly to reflect changes in the structure of
business lending. This expansion in coverage
in turn suggested the desirability of refining
12
For an illustration of the calculation of average
interest rates for Dec. 1 15, 1948, see the Federal
Reserve Bulletin, March 1949, p. 235.

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644

the geographic groupings of reporting centers


used for calculating and publishing the rate
averages. Therefore, beginning with the February 1967 survey, average rates were published for six geographic areas instead of three.
Both the procedures used for calculating
the interest rates used in arriving at the survey
averages and the weights used in these calculations were also revised. Moreover, respondents
were required to indicate whether the interest
charge is calculated on a discount basis or is
accrued on the unpaid balance. This additional
information on the method of calculating interest has made it possible to convert alt rates
to an effective-rate basis. Another change was
that the size categories above $100,000 were
expanded from two major groupings to three;
this was necessitated by the substantial upward
shift in the size distribution of bank loans to
businesses, particularly toward loans of $1
million and over.
Table 12.9 also gives averages for two other
types of business loans-revolving credits and
long-term loans. The survey began to include
data for these two types of loans in 1967 when
a modification was made in the reporting of
loan maturities.1** A three-way maturity classification was substituted for the two-way classification that had previously been reported. The
old classification system had asked respondents
to indicate for each loan whether it had a
maturity of 1 year or less (short-term loan)
or more than 1 year (long-term loan). The
revised survey asked respondents to include
revolving credits as a third maturity category.
The reason for including revolving credits was
to increase the homogeneity of the rate information reported and to make the resulting
averages more meaningful.
The two additional series reflect relationships among interest rates on the various types
of loans as well as those relating to the size of
loan and geographic area in which the loan
was offered. During the 1967-70 period the
13

Although information on revolving credits and


long-term loans had been reported on a regular basis
beginning with the revised survey in 1967, the averages for the two new loan categories were not published on a regular basis in the Federal Reserve
Bulletin until 1971.

Section 12
three categories of business loans covered in
the survey moved fairly closely with the prime
rate, although relationships among rates appeared to shift with cyclical changes in interest
rates. The largest differentials between shortterm rates and prime rates occurred in periods
of monetary ease when interest rates were relatively low, as in 1967 and late 1970, and the
smallest, in periods of restraint when rates
were highas in 1969. In general, average
rates on long-term loans have been fairly close
to those on short-term loans. However, major
changes in the relationship between long- and
short-term rates do occur. These changes tend
to show a fairly regular pattern, with rates on
long-term loans rising above those on shortterm loans during periods of declining rates
and falling appreciably below short-term rates
during the rapid advance of rates in early
1969. The differentials between short- and
long-term rates may also show random fluctuations that reflect irregularities in long-term
loans attributable to relatively small samples.
COMMERCIAL AND FINANCE
COMPANY PAPER AND BANKERS
ACCEPTANCES OUTSTANDING
Tables 12.10 and 12.11 show amounts of
commercial and finance company paper and
bankers acceptances outstanding. The figures
for acceptances are shown by type of holder
and by type of acceptance.
Before 1948 only a total for commercial

paper is available; this appears in Table 12.10.


Thereafter, figures are available for commercial paper and finance company paper combined, and this total is broken down by method
of placement (Table 12.11). Table 12.10 shows
end-of-month data for 1941-52; Table 12.11,
end-of-year 1948-52 and end-of-month 195370. All figures were compiled by the Federal
Reserve Bank of New York.
The maturity coverage and the reporting
coverage for commercial paper are not entirely
comparable over the period. The figures in
Table 12.10 represent paper maturing within
7 months, as reported by principal paper dealers in this country. Those in Table 12.11 represent paper with an original maturity of 9
months or less (including some finance company paper sold in the open market) as reported by a varying number of dealers.
Finance company paper placed directly with
investors represents the amount reported by a
varying number of finance companies. Table
12.11 shows the amount of such paper outstanding beginning with December 31, 1948,
the earliest date for which these figures are
available. Before November 1958 a small
amount of finance company paper with an
original maturity of more than 270 days was
included with total finance company paper;
thereafter the totals include all paper in this
maturity grouping.
Figures for bankers acceptances represent
amounts reported by banks and dealers in the
United States as well as by agencies of foreign
banks located in the United States.

SECURITIES MARKETS
Credit conditions are affected by and affect
various developments in securities markets. An
important part of the Board's continuous study
of general credit conditions, therefore, is concerned with securities markets and changes in
long-term interest rates. An additional reason
for watching the securities markets grows out
of the Board's responsibilities for regulating
margin requirements for the purchase and sale

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645

of listed stocks. In this respect credit policy is


directly related to the securities markets.
The statistics for securities markets are organized into two groupings: bond yields and
prices (Tables 12.12-12.15); prices and yields
on stocks, and volume of trading (Tables
12.16-12.21). The following paragraphs describe these series in detail. The accompanying
table has been designed to show users of the

Money Rates and Securities Markets


statistics in Tables 12.12 through 12.19 how
the averages of security yields and prices are
calculated.
Figures for stock market credit and new
security issues and for changes in outstanding
corporate securities are discussed on pages
652-57, Differences in bonds and stocks are
described on page 657,
BOND YIELDS AND PRICES
Changes in bond prices are useful as rough
indicators of changes in the value of invested
funds, particularly over short periods of time.
Prices of bonds, however, are not precise
measures of the return to the purchaser; the
return is also affected by the coupon rate and
the length of time to maturity. Market yields,
which indicate the percentage rate of return to
investors on securities purchased at current
market prices and held to maturity (taking into
account the effect of differences in the length
of time to maturity and in coupon rates), measure changes in the costs of money more precisely than prices, However, they do not necessarily reflect the return realized by purchasers
on other dates or by investors who dispose of
their obligations before maturity. For each of
these, capital gains or losses arising out of
price changes may be more important than
market yields.
Nor do yields reflect the costs of funds to
the borrower. When a new security is marketed,
its yield is related to the market yield on outstanding issues of comparable quality and
terms, but the yield on the new issue generally
exceeds the yield during the same period on
outstanding issues by the cost of flotationincluding underwriters' compensationand any
discount from market price that may be required to facilitate initial placement of the
issue.
Yields on different types of long-term securities reflect-in addition to the general level of
interest ratesrelative supplies of various
types of securities, preferences (including those
imposed by legislation and regulation) of investors for the various types, relative amounts
of funds available to investors with different

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646

types of preferences, and distinctive characteristics of the various types of securities.


Among the latter, the most important are the
market's evaluation of differences in underlying risk, differences in marketability, and differences in the tax status of the income return
to investors.14 The price and yield series presented in Tables 12.12-12.15 are classified by
some of these characteristics.
Part A of Table 12.12 shows annual and
monthly yields for 1941-70 for U.S. Government bonds; for State and local government
bonds, by rating; and for corporate bonds by
rating and by industry. Part B shows weekly
data for these series, except that Moody's
series for State and local government bonds do
not begin until 1948. Table 12.13 shows for
Aaa utility bonds the yields on both new and
recently offered issues for the periods beginning 1960 and 1965, respectively.
Table 12.15 shows price series for U.S.
Government, high-grade State and local government, and high-grade corporate bonds.
These series are not averages of actual prices
(except for U.S. Government bonds prior to
April 1952) but are derived from the three
corresponding yield series shown in Fable
12.12 A. They represent prices that are equivalent to those yields on the basis of an assumed coupon rate and term to maturity.
Thus, they indicate what price movements
would have occurred for a representative bond
of unchanging coupon and maturity. Because
of the wide and shifting variety of coupon rates
and maturities of bonds actually outstanding,
they do not measure the actual average level
of current price quotations in the market.
Table 12.14 shows annual figures for basic
yields on corporate bonds with various periods
to maturity. The basic yield is defined as the
yield of the highest grade issues that arc free
from extraneous influencesthat is, bonds that
are nonconvertible, noncallable, and fully
taxable.
14
Yields on securities also vary because of differences in term to maturity. Except for Table 12.14
only long-term securities are considered here (for
discussion of yields on short-term securities see pp.
639-45).

Section 12

Basis of Figures Used for Average Yields and Prices on Long-Term Securities

U.S. Government bonds:


Yields
Prices (dollars)
State and local government bonds:
Yields:
Moody's
Standard and Poor's (high-grade)..
Prices:
Standard and Poor's (high-grade)..
Corporate bonds:
Yields:
Moody's
Standard and Poor's (high-grade),.
Federal Reserve (Aaa utility)
Prices (dollars):
Standard and Poor's (high-grade)..
Common stocks:
Prices (indexes)
Standard and Poor's:
1900-18

1919-27
1Viy

Monthly figures,
averages of

Annual figures,
averages of

Averages of daily
closing bids

Daily closing bids

Weekly figures

Thurs. closing asked


Wed. closing bid

Thurs. figures
Wed. figures

"

**

Averages of daily
closing bid
Wed. closing bid
Friday close

Daily figures
Wed. figures
Friday figures

Wed. closing bid

Wed. figures

Weekly figures

Series

\
/

Monthly figures

.Monthly high and low 2


Figures for one day
per week:
Wed. Jan. 1918Oct 1923;
4
*
i Mon.Nov. 1923-

0)

(>)
U

Dec. 1925;
Fri. Jan. 1926Dec. 1927

1928New York Stock Exchange


American Stock Exchange

Yields (dividends/price ratio):


Standard and Poor's

Preferred stocksStandard and Poor's


Prices (indexes)
Jan. 1910-Jan. 1928

Averages of daily
Averages of daily
"

figs.3
Daily figures
figs.
"
"

C)

-{

C)

Figures for one day


per week:
Fri. Jan. 1926Dec. 1928;
Thurs. Jan. 1929Apr. 1930;
Wed. thereafter

Weekly figures
Monthly figures

\>

Monthly figures

Monthly high and low


Figures for one day
per week:
Monthly figures

Yields

Apr. 1930;
Wed. thereafter
"
(*)

()

Not shown in this publication.


Based on index published by the Cowles Commission; see text,
3
Weekly averages in Table 12.16 begin with 1934.
4
Same as for price series shown above.

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647

Money Rates and Securities Markets

The following paragraphs describe the composition of individual series shown in Tables
12.12-12.15 as well as the sources of the data.

the basis of an assumed 4 per cent bond with 20-year


maturity.
Source: Standard and Poor's Corporation Security
Price Index Record, 1974 Edition, page 234, and
earlier editions.

U.S. Government bonds: Yields (Table 12.12). An


unweighted arithmetic average of yields on a varying
number of long-term U.S. Government marketable
bonds is computed each day from closing bid prices;
these yields are computed to maturity for bonds selling at or below par and to first call date for those
selling above par. This series includes partially taxexempt bonds for the period before November 1941
and fully taxable bonds thereafter. The maturity
groupings on which the series is based vary: the series
includes bonds due or callable after 15 years for the
period January 1941-March 1952; after 12 years,
April 1952 March 1953; and 10 years or more beginning with April 1953.15 The average maturity of
the issues in the series varies because of changes in
definition and also because of the passage of time and
the inclusion of new bonds after issuance.
Source; Federal Reserve Bulletin.

State and local government bond yieldsMooch's


series (Table 12.12). Series represents the market
yield to maturity on long-term tax-exempt State and
local government bonds as reflected in the yields of
selected bonds rated Aaa, Aa, A, and Baa by Moody's
Investors Service. The 20 bonds included are all general obligation issues with an average maturity of 20
years. They are selected on the basis of qualify (5
bonds in each of the four quality rating groups),
trading activity, and geographic representation The
yield for each group is an unweighted arithmetic average for the 5 bonds included, computed from Thursday closing asked quotations and adjusted as necessary for occasional abnormally wide spreads between
bid and asked quotations and for other temporarily
distorting factors. The composite series is an average
of the average yields for the four rating groups.
Weekly data are not available before 1948.
Source: Monthly and annual averages, Moody's
Municipal and Government Manual. 1974 Edition,
Vol. 2, pages a!7 and a!8; weekly figures, Moody's
Bond Survey.

Prices (Table 12.15). The series for prices of U.S.


Government bonds is based on the same issues as the
yield series. For the period January 1941-March 1952
it is an unweighted arithmetic average of actual closing bid prices. Beginning with April 1953, it represents hypothetical prices derived from the yield series
on the basis of an assumed 3 per cent, 20-year bond.
Source: Federal Reserve Bulletin.

High-grade corporate bondsStandard and Poor's


series: Yields (Table 12.12). Series is an arithmetic
average of the yields to maturity of about 25 nonconvertible, representative corporate bonds rated AAA
by Standard and Poor's Corporation." It includes the
bonds in Standard and Poor's AAA industrial, railroad, and public utility series. Both the number of
bonds and the average maturity vary slightly from
time to time as deletions are made to reflect changes
in rating or approaching maturity, or because a band
is called or sells too far above its call price and no
appropriate substitute is immediately available. As
of December 1970, the three major categories contained 14, 4, and 21 bonds, respectively, and the average term to maturity was about 25 years.
The weekly figures in Table 12.12 are averages of
the yields for the three industry groups combined;
each of these figures in turn is an unweighted arithmetic average computed from Wednesday closing bid
quotations for the bonds in the particular industry
group.

High-grade State and local government bonds


Standard and Poor's series: Yields (Table 12.12). An
arithmetic average of the yield to maturity of 15
high-grade (rated A or better16) tax-exempt, general
obligation bonds of State and local governments in
the United States is computed from Wednesday closing bid quotations; the maturity of each bond is
approximately 20 years. The issues are selected on the
basis of quality, trading activity, and geographic representation; the average quality of the bonds is between AAA and A.
Prices (Table 12.15). The series on prices of highgrade State and local government bonds is derived
from the average yields shown in Table 12.12 A on

Prices (Table 12.15). Series is derived from the


average yields shown in Table 12.12 A on the basis
of an assumed 4 per cent, 20-year bond.
Source: Standard and Poor's Corporation Security
Price Index Record, 1972 Edition, page 205, and
earlier editions.

13

Bonds paying interest subject to full Federal income taxation were first issued in March 1941. Until
that time interest on U.S. Government bonds was partially tax exempt. A varying, but decreasing, volume
of these bonds remained outstanding during the period
1941-62.
16
Both Standard and Poor's Corporation and
Moody's Investors Service rate State and local government and corporate bonds by quality; the former uses
the designations AAA, AA, A, and BBB for investment-grade bonds in order of ascending risk, while
the latter uses the designations Aaa, Aa, A, and Baa,
also in ascending order of risk. Bonds rated AAA and
Aaa, those rated AA and Aa, and so forth, by the
respective organizations are of approximately the
same quality.

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Corporate bond yieldsMoody's series (Table


12.12). Moody's corporate bond yield series represent market yields to maturity on long-term taxable,
nonconvertible seasoned corporate bonds as reflected
"This high-grade yield series is not the same as
the one shown in Banking and Monetary Statistics
(1914 41). That series, which was compiled by the
U.S. Treasury, has been discontinued.

648

Section 12
newly issued yield series by using a nonlinear regression model to calculate the basis-point values of
the heterogeneous characteristics.18
There are several differences between the two yield
series. First, bonds that meet the criteria for inclusion in the new-issue series are employed in the
calculation of that series only in the week in which
they are initially offered to investors; bonds in the
recently offered series are the same as those in the
newly issued series, but they are employed in calculating the series for each of the first 4 weeks after
termination of underwriter price restrictions.1'* Second, yields on bonds in the series for new issues are
based on prices asked by underwriting syndicates;
yields on recently offered bonds, on the other hand,
are based on prices determined in the free market and
hence approximate market clearing prices. Third,
yields on recently offered bonds are derived from
quotes at the close of trading on Friday, while new
issues may be offered on any day of the week.
Fourth, no adjustment is made for type of underwriting in the recently offered series because such
differences as may exist due to the underwriting
process are assumed not to exist in market-determined yields.

in quotations on selected bonds rated Aaa, Aa, A,


and Baa by Moody's Investors Service. Seven groupings are shownfour series by quality rating (Aaa,
Aa, A, and Baa), and three by industry (industrials,
railroads, and public utilities).
The total number of bonds included, according to
Moody's formula, is intended to be 120, with each
quality rating group including 10 industrial, 10 railroad, and 10 public utility bonds. But there have not
always been 10 bonds in each classification that would
meet all the criteria for suitability. For example, as
of December 1970, the Aaa series included 10 industrial and 10 public utility bonds; the Aa series included 10 industrial, 9 railroad, and 10 public utility
bonds; and the other two rating groups each included
10 bonds in each industry group. The average term to
maturity of the bonds included has also varied somewhat over time. In December 1970 it was about 25
years, with industrial bonds having a slightly shorter,
and railroad bonds a slightly longer, term to maturity.
The daily yield for each bond is computed on the
basis of its closing price, as reported in dealer asked
quotations, adjusted as necessary for occasional abnormally wide spreads between the bid and asked
quotations or for other temporarily distorting factors.
Figures for each industry grouping of each rating
group are unweighted arithmetic averages of the
yields on the individual issues in that group. Figures
for industry groups are averages of all ratings for the
industry; for rating groups, averages of figures for all
three industries. And the total is an unweighted average of the averages for the three industry groups.
Issues are selected to represent typical long-term
bonds in each rating group for the three industrial
categories. Substitutions in the bond list are made
when a rating has been changed, when a bond has
been called or sells too high above its call price, or
when it is approaching maturity. Suitable adjustments
(usually small) are introduced to prevent substitution
from impairing the comparability of the series; these
adjustments are gradually amortized.
Source: Monthly and annual averages: Moody's Industrial Manual, 1972 edition, page a52 and a53;
Moody's Transportation Manual, 1972 edition, pages
a50 and a51; Moody's Public Utility Manual, 1972
edition, pages a6 and a7; weekly data: Federal Reserve computations from daily figures published each
week in Moody's Bond Survey.

Basic yields of corporate bonds (Table 12.14). The


series on basic yields shown in Table 12.14 represents
the yields estimated to have prevailed in the first part
of each year on the highest grade corporate issues,
classified by term to maturity. Each estimate is based
on quotations for practically all high-grade, seasoned,
nonconvertible, corporate bonds for which valid quotations were available during the period covered and
which were not subject to special influences, with
occasional reference to municipal and Government
yield quotations for interpolation of maturities. For
each year the yields to maturity of outstanding bonds
were plotted by term to maturity on a scatter diagram. The basic yield curve for each year is a freehand curve so fitted that it passes below most of the
yields on the chart but usually above a few isolated
low ones. Basic yields for each maturity are read
from the curve.
The yields shown in Table 12.14 are for selected
maturities that were least subject to error and required least reference to State and local and to U.S.

Aaa utility bondsFederal Reserve series. Table


12.13 presents two series on yields of Aaa utility
bondsone for recently offered issues, and one for new
issues. The new-issue series attempts to adjust for any
undesirable features that may be included in a series
for seasoned issues (for example, lag in yield adjustments between new issue and seasoned issues, noncurrent coupons, and the lack of reliable bid and
asked quotations on seasoned issues).
Both the new-issue and the recently offered series
represent estimates for a standard bond, which is defined as a new, straight-debt, long-term (20 years or
longer) utility issue, rated Aaa by Moody's Investors
Service, Inc., and AAA by Standard and Poor's, Inc.,
that carries 5-year call protection and is underwritten
by a process of competitive bidding. New corporate
debt issues with characteristics other than those of
the standard bond are included in determining the

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649

18
Details of the model, the estimation procedures,
and a discussion of the results are presented in a
Federal Reserve Staff Economic Study, "Obtaining
the Yield on a Standard Bond from a Sample of
Bonds with Heterogeneous Characteristics," by
James L. Kichline, P. Michael Laub, and Guy V. G.
Stevens.
19
During the 4-week interval trading is generally
active, and reliable quotes are usually available. In
addition, coupons on the bonds in the series do not
differ appreciably from coupons on bonds in the newissue market. In contrast, bonds outstanding for significantly longer periods of time often have thin
markets and may carry noncurrent coupons. Both of
these factors influence the yield and often make seasoned yield indexes less sensitive to current market
developments and, at times, less representative of the
underlying market situation.

Money Rates and Securities Markets


(3) industry representation. Hence, the index
represents a high proportion of the total market
value of stocks traded on that exchange. All
three series are shown as indexes in order to
permit both short- and long-run comparisons
of price changes for the issues included, after
eliminatinginsofar as possible-the distorting effects on prices of issuance of rights, mergers, and so forth.
The following paragraphs describe in more
detail each of these series and also the yield
series shown in Table 12.19.

Government yield quotations for interpolation of


maturities.20 There have been no issues of 50-year or
60-year corporate bonds in recent years; hence, it
has become impossible to obtain reliable basic yield
estimates for obligations with maturities of more than
30 years, It has also been difficult to obtain a valid
basic yield for prime obligations in the short-term
area; the 1-year yield shown here is an approximation
obtained by extrapolation of yields on government
bonds and on equipment trust certificates.
Data for 1941 57 are based on high and low quotations for each of the first 3 months of each year;
the 1958=70 figures are based on actual end-of-month
sales or quotations for February.
Source: 1942=53, The Economic Almanac 1953-54,
(National Industrial Conference Board, 1953) p. 119.
1953-58, David Durand, "A Quarterly Series of Corporate Bond Yields, 1952-1957, and Some Attendant
Reservations," The Journal of Finance, Volume XIII,
Number 3, September 1958. 1959-70, Scudder,
Stevens, and Clark, New York.

Standard and Poor's index of common stocks measures average price movements of 500 common stocks
(425 industrial, 25 railroad, and 50 publ c utility)
representing about 90 per cent of the market value of
all common stocks listed on the N.Y. Stock Exchange,* 2
The indexes are based on the aggregate market
value of the stocks in the sample expressed as a percentage of the average market value of the stocks included in the series in a base period (1941-43
10).
So that the indexes will reflect only fluctuations in
current market values, adjustments in the base-period
value are made, as necessary, to offset the efleet of
issuance of rights and consolidations and acquisitions.
Additions to or deletions from the list also make it
necessary to adjust the base value.
Each stock in the index is weighted (number of
shares outstanding multiplied by daily closing price)
so that its influence will be in proportion to its market
importance. Market values for the component stacks
are aggregated to obtain the market value for their
particular group. These values arc all expressed as a
relative, or index number, to the base period (1941
43) market value, and the index is obtained by multiplying the resulting quotient by 10.
Daily indexes before February 1957, when the new
base period was first used (and daily computation of
the 500 stock series began), are a conversion of
Standard and Poor's earlier 90-stock index. Monthly
figures for the period 1900 18 are based on the
Cowles Commission stock price indexes, adjusted to
the 1941-43 base by Standard and Poor's.
Source: Standard and Poor's Corporation Security
Price Index Record, 1972 Edition.
The NYSE index, like the Standard and Poor's index,
represents the aggregate market value of the stocks
included (that is, price multiplied by shares outstanding) for a given period expressed as a percentage
of the aggregate market value of these same stocks
for a base period (December 31, 1965 = 50) with appropriate adjustments to eliminate the effect on prices
of the issuance of rights, mergers, and so forth.
Source: New York Stock Exchange Common Stock
Indexes, May 1972 Edition.
The AMEX index reflects the daily average change
in prices of issues traded on the American Stock Ex~

STOCK PRICES, YIELDS, AND


TRADING VOLUME
This section includes three series on prices of
common stocks and one on prices of preferred;
also series on dividend and earnings yields on
common stocks and dividend yields on preferred stocks. In addition to the descriptions
given below, users of the statistics may refer
to the tabulation on page 641, which shows the
basis of the figures used in calculating the averages shown in Tables 12.16-12.19.
Common stock prices and yields. Each of
the three price indexes shown for common
stocks is designed to measure composite
changes in prices for stocks listed on a major
exchange. For the two Stock Exchange series
shownthe New York (NYSE) and the
American (AMEX)the indexes represent
all of the stocks listed, whereas for the Standard and Poor's series the indexes are based on
about one-third of the issues traded on the
NYSE.-1 For the last-mentioned series, however, the issues selected were based on (1)
aggregate market value of all outstanding
shares of each stock, (2) trading activity, and
20

See Banking and Monetary Statistics (1914=41),


p. 477, for a wider range of maturities for earlier
years.
21
The indexes presented in these tablestotal, industrial, railroad, and public utilityare further broken
down by Standard and Poor's into 99 subgroups.

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22
Stock issues listed on the NYSE at the end of
1970 totaled 1,840, and on the AMEX totaled 1,222.

650

Section 12
change. It is calculated by adding price changes from
the previous close of each common stock and warrant
and dividing the total by the number of common
stocks and warrants on the AMEX list. This net
change is then added to, or subtracted from, the
index level at the previous close.
Source: AMEX Databook, 1973 Edition.
Yields and earnings/price ratios. The yield on
common stocks shown in Table 12.19 is for stocks in
Standard and Poor's 500 stock index. It is obtained
each week by dividing the aggregate cash dividend
(based on the latest known annual rates for the
stocks included in the index) by the total market
value for a single day during the week as described
in the table on page 647.
The earnings/price ratio is obtained by dividing
aggregate earnings of the 500 stocks in the Standard
and Poor's common stock index for the period by
aggregate market values of the stocks at the end of
the period. For the period 1926-34, the figures are
for the end of the year and are based on actual earnings of the 500 companies during the year.
From 1935 on, the ratios are for the end of each
quarter; aggregate earnings are converted to an annual rate by taking the average earnings for the quarter for the stocks in the index, adjusting these earnings for seasonal variation, and multiplying that figure
by 4. From 1935 through the third quarter of 1950,
aggregate earnings are based only on those of companies reporting quarterly, but by the end of that
period coverage had become almost complete. Beginning with the fourth quarter of 1950, estimates of
quarterly earnings for the missing companies have
been included. The annual figures since 1935 are
averages of the four quarterly ratios.
Source: Standard and Poor's Corporation Security
Price Index Record, 1972 Edition.

Preferred stock prices and yields. The series


for prices and yields of preferred stocks shown
in Tables 12.16 and 12.19 are from Standard
and Poor's Corporation.
The preferred stock price series, like that for
bond prices, does not represent averages of actual
prices since February 1928; since that time, the yield
series for preferred stocks described below has been
converted to a price basis assuming a $7 dividend.
For earlier years (January 1910-January 1928) the
monthly data are averages of monthly high and low
prices for 20 high-grade preferred stocks, the price
of each being first adjusted to represent a stock with
par value of $100 and an annual dividend of $7.
Before February 1928 the yield was computed from
the average price of 20 high-grade preferred stocks
computed as described above. Beginning with February 1928 the preferred stock yield has been computed for a single day each week by determining the
yield for each of 15 (10 in December 1970) highgrade, noncallable issues, and using the arithmetic
average of 9 (4 in December 1970) median yields to
represent the entire group.
Source: Standard and Poor's Corporation Security
Price Index Record, 1972 Edition.

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Trading volume. Statistics on the number of


shares traded and the dollar volume of trading
in stocks on the N.Y. Stock Exchange appear
in Tables 12.20 and 12.21. Statistics on the
volume of trading on other exchanges are
available in reports of the Securities and Exchange Commission (SEC); in general, trading
on other exchanges has tended to fluctuate with
that on the NYSE, but is very much smaller.
Data on trading in the over-the-counter market
are not available.
Table 12.20 shows the volume of share trading in round lots as reported by the Exchange
and on the Exchange ticker; it excludes "odd
lot" (generally less than 100 shares) and "certain minor" transactions, which are not reported on the Exchange ticker. The weekly
averages for the period 1934-70, shown in
Part B of Table 12.20 have been computed by
dividing aggregate weekly trading volume by
the number of trading days in the week, each
day representing 5V2 hours of trading. On September 29, 1952, trading on the Exchange was
increased from a 5-hour to a 5Vi-hour day
Monday through Friday, and the 2-hour trading day on Saturday was discontinued. Weekly
data for the period before that date have been
adjusted to the current basis by assuming
hourly trading would have been the same regardless of the length of the trading day.
During 1968 and 1969 the New York Stock
Exchange was forced to reduce its hours of
trading and also the number of trading days to
overcome paperwork problems associated with
the heavy volume of trading. During the latter
half of 1968 trading was conducted only 4
days a week. Trading on a 5-day week was resumed in 1969, but it was limited to 4 hours
per day through the first 6 months. During the
latter half of 1969 trading was gradually
increased to 5 hours and was maintained at
that level during the first 3 months of 1970.
In April the normal 5 2 -hour trading day was
resumed. The series for 1968-70 have been
adjusted for the reduction in trading days, but
no adjustment has been made for the lesser
number of trading hours per day.
Table 12.21 presents figures compiled by the
SEC on the total volume of shares traded on

651

Money Rates and Securities Markets

the Exchange and the money value of these


sales. These figures include round-lot volume
as reported by the NYSE and also trading in
odd lots and "unreported" round-lot transac-

tions. They are compiled from reports furnished by members of the NYSE in connection
with fees payable under the Securities Exchange Act of 1934.

STOCK MARKET CREDIT


Since 1934 the Board of Governors of the
Federal Reserve System has been obligated by
law to prevent excessive use of credit for purchasing or carrying securities. At that time the
Board was given power to limit the amount of
credit that may be extended for purchasing or
carrying stocks listed on national securities exchanges. In 1968 further legislation expanded
the Board's authority to include the regulation
of credit extended for the purchase of over-thecounter (OTC) stocks. The limitations set by
the Board are known as margin requirements.
The following paragraphs describe margin
requirements as applied to brokers and dealers,
to banks, and to persons other than banks,
brokers, or dealers, together with the various
statistical measures of stock market credit that
have been developed for use by the Board.
MARGIN REQUIREMENTS
Margin requirements are set in accordance
with Regulations T, U, and G, issued by the
Board of Governors pursuant to the Securities
Exchange Act of 1934, as amended. Regulation T limits the amounts that brokers and
dealers can lend on "margin securities" (corporate stocks, including certain closely related
equity instruments defined as stock for purposes of the regulation, and corporate bonds
that are either listed on a national securities
exchange or, since 1969, included on the Federal Reserve List of OTC Margin Stocks) and
denies loan value entirely to corporate securities not so listed. Regulation U limits the credit
that banks can extend on stock-secured loans
to purchase or carry "margin stocks." Under
Regulation U, stock-secured loans that are not
made for this purpose are exempt from regula-

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tionas are loans to purchase or carry securities other than margin stocks. Regulation G imposes comparable margin requirements on loans
for purchasing or carrying "margin securities"
collateralized by such securities made by any
lenders other than banks, brokers, or dealers
who extend credit in the ordinary course of
their business.
The margin regulations limit the amount of
credit that may be extended by prescribing a
maximum loan value for a securitya specified percentage of the market value of a security at the time credit is extended. The margin
requirement is the difference between the market value (100 per cent) and the maximum
loan value. It indicates the percentage of the
purchase price of a security that the buyer
must cover with cash or with securities having
loan value at the time of purchase.
The Board prescribes an initial margin only,
although transactions in accounts that become
"undermanned"because of changes in either
the market value of collateral or the initial
margin requirementare subject to certain restrictions. In addition, lenders themselves may
impose requirements such as a broker's "maintenance margin," which is the minimum percentage of equity that a margin customer must
maintain in his collateral; if the customer's
equity falls below that level, the lender will
issue a call for additional margin. Members of
the New York Stock Exchange (NYSE), for
example, are required to abide by a rule of the
Exchange that establishes a maintenance margin, and individual member firms may require
even higher margins.
The requirements under Regulation T,
which became effective October 1, 1934, were
those already established as a standard by the
Securities Exchange Act, which had placed

Section 12
margin requirements on various issues of listed
stocks and bonds within a range of 25-45 per
cent. As of February 1, 1936, the Board raised
the upper limit of the range to 55 per cent, and
as of April 1, 1936, it made the 55 per cent
requirement applicable to all listed stocks and
bonds regardless of previous price. Since that
date all changes in margin requirements have
been issued as supplements to the regulation
and have been effective as of the opening of
business on the dates shown in Table 12.22
except for changes on February 20, 1953, and
January 4, 1955. Those were made effective
after the close of business.
Effective May 1, 1936, Regulation U of the
Board of Governors made comparable margin
requirements applicable also to loans made by
banks on stocks for the purpose of purchasing
or carrying listed stocks.
There were no margin requirements for
short sales of securities until November 1,
1937, when the Board set a requirement of
50 per cent under Regulation T. Since February 5, 1945, such requirements have been
the same as those prescribed for regular transactions.
Under the margin regulations, various special accounts may be established through
which brokers may effect specified types of
transactions for customers and may extend
credit either without regulation or subject to
differing margin requirements. Where applicable, comparable accounting procedures are
required to cover extensions of credits by
banks. These arrangements include omnibus
accounts (under Regulation T) in which
brokers effect and finance customer transactions through other brokers, and loans by
banks (under Regulation U) to brokers and
dealers to finance specialist activities. Since
July 16, 1945, omnibus accounts have been
exempted from margin requirements. A provision that was introduced on July 20, 1949,
permits margin customers to borrow from
either brokers or banks up to 75 per cent of
the market value of stocks offered through
subscription rights.
Effective March 11,1968, the Board adopted
Regulation G, which broadened the coverage of
margin requirements to include persons other

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than banks, brokers, or dealers. At the same


time, the Board determined that henceforth
loans for the purpose of purchasing or carrying
securities convertible into registered stock were
to be subject to special margin requirements.
These requirements are determined separately from those applicable to stocks, and the
credit is extended in special accounts. Since
that date, also, credit extended by brokers on
exempt securities and registered nonequity corporate issues has been extended only in special
bond accounts separate from the customer's
general margin account.
The Board, acting under the authority
granted to it in 1968, amended Regulations G,
T, and U, effective July 8, 1969, to cover
credit extended for the purchase of certain
OTC stocks; stocks in that group are ones
deemed by the Board to have characteristics
similar to stocks registered on national securities exchanges.
STATISTICAL MEASURES OF CREDIT
The tables that follow present three types of
information: measures of security credit extended to customers by brokers and banks;
sources of funds obtained by brokers and dealers; and measures of the margin status of outstanding margin debt.
Monthly data on amounts and sources of
customer credit are contained in Tables 12.23
(1938-67) and 12.27 (1966-70). These tables
differ principally in the series used to measure
credit extended by brokers and dealerswith
data shown in Table 12.27 excluding debits in
customer accounts other than margin accounts.
Table 12,23 also shows principal sources of
funds for those brokers and dealers who were
member firms of the New York Stock Exchange and who carried margin accounts on the
reporting date. Table 12.26 expands the monthly
data from these same firms to show borrowings
in greater detail.
Tables 12.24 and 12.25 present detailed
debit and credit balances and related balance
sheet items for these firms. Table 12.24 covers
the period 1942-67, with data for June 30 and
December 31 for 1942-56 and for June 30 for

Money Rates and Securities Markets


1958-67, (Reports were not collected in
1957.) Table 12,25 contains the same annual
data for 1968-70 but with added detail on
types of customer debit and credit balances.
Moreover, it supplies data not only for NYSE
members but also for members of the American Stock Exchange (AMEX).
Monthly distributions of the equity status of
margin-account debt, based on reports from a
sample of NYSE firms, are presented for the
period 1966-70 in Table 12.28; Table 12.29
adds data on the credit balances in special
miscellaneous accounts associated with margin
accounts in these same reports. Together these
tables provide information on the vulnerability
of outstanding credit to margin calls by
brokers and on the potential ability of existing customers to increase their indebtedness
without putting up additional margin.
Described below are technical aspects of the
data shown for stock market credit.
Customer credit. Both tables on stock market credit extended to the ultimate customer
(Tables 12.23 and 12.27) combine the amount
of credit extended by brokers and dealers with
the amount extended by banks to others than
brokers and dealers. The bank component,
consisting of loans explicitly classified as being
for the purpose of purchasing or carrying securities at weekly reporting banks, is the same in
both tables. It excludes credit extended on U.S.
Government securities but may include loans
collateralized by other nonequity securities.
Loan coverage of the bank series differs from
that for the broker and dealer component in
that it includes both unsecured loans to purchase or carry securities and loans to purchase
or carry nonmargin stockneither of which is
subject to margin regulation. Under Regulation T, brokers are not allowed to make loans
of either type.
In Table 12.23 the broker and dealer component of customer credit consists of customers' net debit balances (CNDB) as reported by
member firms of the New York Stock Exchange. These balances reflect the total debt
owed to brokers by all customers whose combined accounts net to a debit, and they includein addition to margin debttemporary
debits in cash accounts and debt in other types

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654

of special accounts. The corresponding figure


on free credit balances (FCB) includes credit
balances due customers whose combined accounts net to a credit; customers that have no
unfulfilled commitments may withdraw the entire balance if they choose. Both totals exclude
balances of the firm, its partners, or other
members of a national securities exchange. The
totals for customers' net debit balances and
free credit balances shown in Table 12.24 are
conceptually identical with those in Table
12.23, but Table 12,25 provides separate totals
for different types of customer debit and credit
accounts.
For many years CNDB figures were the best
data available, but their deficiencies as a measure of margin creditand particularly their
inclusion of cash-account debtbecame increasingly serious over time. Most of the customers' net debit balances reported in any one
month represent extensions of credit to purchase or carry securities in margin accounts.
But since not all purchases in cash accounts
are paid for by settlement date, temporary
debit balances appear in those accounts. The
amount of this cash-account debt varies from
month to month because of such factors as
levels of trading activity, the duration of the
normal settlement period, and brokers' policies
toward extensions of time.
When shifts occur in the cash-account component of customers1 net debit balances from
one reporting date to the next, they exaggerate
or offset changes over the same period in the
amount of credit extended to margin customers.
Moreover, the long-term uptrend in volume of
transactions on major exchanges has been accompanied by an increase in the average amount
of cash-account debt on brokers' books; as a
result the series became progressively less satisfactory as a basis for measuring changes over
time in margin-account debt. The margin credit
series shown in Table 12.27 attempts to eliminate this distortion by excluding all balances
other than those in margin accounts. The
series, like that in Table 12.23, covers credit
extended by all NYSE member firms, but from
1966 through May 1970 these totals were estimated from data supplied by a small sample of
firms. Beginning with June 30, 1970, the brok-

Section 12
ers' component of margin credit is derived
from reports by a majority of NYSE member
firms that carry margin accounts, a group that
provided nearly all such credit extended by
members of that exchange.
Data presented in Table 12.27, like those in
Table 12.23, do not fully cover all sources of
margin credit. The bank loan figure is for those
large banks that report weekly on the volume
and composition of their outstanding loans; the
figure for brokers includes only those firms
that are members of the New York Stock Exchange. While these two sources supply the
bulk of margin credit, there are no reliable
benchmarks for the share provided by other
banks, by other brokers, or by lenders who are
now subject to Regulation G of the Board of
Governors.23
Broker and dealer credit. Brokers and dealers borrow principally to obtain funds to lend
to their customers; but they also borrow to
finance their own holdings of securities, which
they acquire in performing their functions as
dealers for their own account and as underwriters of new offerings of securities. This
section presents two sets of figures on borrowing by brokers and dealers.
Table 12.23 shows the amounts of credit
outstanding to brokers who are members of the
New York Stock Exchange, and who also
carry margin accounts, from the two principal
sources for which data are available monthly.
One is banks; the other, customers' net free
credit balances left on deposit with brokers
and dealers. Borrowing from other sources is
legally restricted, and such data are shown for
less frequent intervals in Table 12.24 and
Table 12.25.
Table 12.26 shows borrowings by all member firms of the New York Stock Exchange
from banks and other lenders, except borrowings from other members of national securities
exchanges. It shows amounts borrowed by
firms that do not carry margin accounts as
well as amounts borrowed by those that do.
Only their total borrowings are shown before
23
For a further discussion, see "Margin Account
Credit,'* Federal Reserve Bulletin, June 1968, pp.
470-81,

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March 1943, but thereafter the totals are subdivided into borrowings on U.S. Government
securities and borrowings on all other securities. Beginning with April 1955, borrowings on
other securities by firms carrying margin accounts are broken down further into borrowings on customer collateral and borrowings on
other collateralthat is, firm and partner collateral. The data for this table, which are
shown for the period 1941-63, were collected
by the Exchange from member firms and are
for the last trading day of the month through
May 1955 and then for the last Wednesday of
the month. These data are no longer collected
monthly by the Exchange, largely because funds
becoming available from whatever source may
be applied to various purposes, including the
financing of customer transactions. Balance
sheet data in Table 12.25 present both sources
and uses of funds in more detail as reported
annually by NYSE firms that carry margin
accounts.
In place of the discontinued series on broker
and dealer credit in Table 12.23, Table 12.27
brings together figures showing the net demand
for credit that customers in the aggregate place
on brokers to finance all types of securities
transactions. The amount owed by those customers who are in debt to their brokers is
measured by customers' net debit balances.
But other customers have in their accounts free
credit balancesusually proceeds from selling securities and dividend receiptsand these
sums are available to the broker until they are
used for new purchases or are withdrawn. The
difference between these two series, as shown
in the last column, represents the net demand
for funds being made on brokerage firms by
customers outside the securities industry. This
is the amount of customer credit that must be
financed by brokers, either out of their own
capital or through borrowing,
Status of margin accounts. Regulations of
the New York Stock Exchange prevent member firms from allowing a margin customer's
equity to fall below 25 per cent (the maintenance margin), and most brokers require additional margin before that level is reached. The
vulnerability to call of debt in an account depends on the equity status of the account.

655

Money Rates and Securities Markets

Table 12.28 presents a monthly distribution,


beginning with 1966, of margin debt according to various equity classes. These classes
range from debt protected by collateral values
that exceed prevailing margin requirements
to debt protected by collateral values that
are already at or near minimum maintenance
levels. At any point in time, a distribution of
this sort indicates in general whether significant amounts of debt might become subject to
call if stock prices were to fall, on average, by
a given percentage.
Table 12.29 shows credit balances in special
miscellaneous accounts (SMA) that have been
potentially available at the end of each month
for financing additional margin purchases. In
these accounts, credit balances may be held for
a customer outside his regulated account and
later used to finance additional purchases regardless of the account's regulatory status at
that time. These balances may arise either
through deposits of sales proceeds or through
transfers of excess loan values from margin
accounts. Excess loan values exist whenever
the current loan value of collateral in an account exceeds its adjusted debit balance, and
customers may either increase their borrowing
by these amounts to finance immediate purchases or hold these amounts in their special
miscellaneous accounts as credit balances that
might be used as margin for new purchases
later.
When such transfers are made, adjusted
debit balances are increased by amounts equaling the credit balances; since adjusted debit
balances already reflect SMA balances, their
use as downpayment for new purchases cannot be restricted. An increase in margin requirements would reduce the dollar volume of
security purchases that could be financed with
existing balances. However, such an increase
would not impair the "spendability" of those
balances, nor would a decline in stock prices
unless customers5 equity ratios were reduced to
a point at which brokers were unwilling to
extend additional credit on existing collateral.
The dollar value of margin purchases that
could be made in existing accounts as a result
of SMA balances can be measured at any

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656

point in time by dividing total SMA balances


by the current requirement.
Table 12.29 classifies SMA balances according to the equity status of the accounts with
which they are associated. If a customer's
equity ratio is already low, it may be assumed
that brokers would be unwilling to extend
additional credit without requesting more marginalthough there is no regulatory restriction
on such extensions.
DEFINITIONS AND COVERAGE
Figures for net debit balances and net free
credit balances in Table 12.23 are for the end
of the month. For the period 1938-July 1942,
and for June and December dates through
1944, they are ledger-account figures for all
member firms of the New York Stock Exchange carrying margin accounts, as collected
by the Federal Reserve. Figures for months
other than June and December for the period
August 1942-February 1945 are estimates prepared by the Federal Reserve on the basis of
reports from a small number of large firms.
Beginning with March 1945, the data are those
reported to the New York Stock Exchange by
all member firms carrying margin accounts.
Also beginning with March 1945, net debit
balances were reported separately for U.S.
Government securities and other securities.
Figures for "money borrowed" for January
1941-February 1966 are those collected by
the New York Stock Exchange; this information is identical with that shown in Table
12.24 for firms carrying margin accounts as
described on the following page.
Until 1938 banks reported their loans on
securities on a "collateral" rather than on a
"purpose" basis. In 1938 the Federal Reserve
began to obtainfrom the banks in its weekly
reporting member bank seriesfigures for
bank loans to others than brokers and dealers
for purchasing or carrying securities. These figures are shown for the last Wednesday of the
month in Table 12.23. Through 1943 loans on
U.S. Government securities are included with
loans on other securities, but the two are

Section 12
shown separately for the period 1944-63. The
figures for loans on U.S. Government securities are for all weekly reporting member banks
for the period 1944-52 and again beginning
with July 1959.24 In the interim (January
1953-June 1959) data on such loans are for
New York and Chicago weekly reporting member banks only; at other weekly reporting
banks, figures for these loans are included with
those for loans on other securities. The level
of this series has also been affected by changes
that were made in July 1946 and July 1959 in
the number of banks covered.
There are also tables for the New York
Stock Exchange (12.24) and for the New York
and American Stock Exchanges (12.25) summarizing selected balance sheet data reported
to the Board of Governors in connection with
its responsibilities under the Securities Exchange Act of 1934. In addition to data on
customers' debit and credit balances and on
money borrowed, these tables present considerably more detailed information on money
balances as shown in the debit and credit en24
Beginning July 1966 the series is for large commercial banks reporting weekly.

tries on the ledgers of these firms as of the


end of the specified month. Corresponding
items are identical conceptually with those presented in Tables 12.23 and 12.26, but they
differ somewhat because of minor differences
in reporting; statistical discrepancies; and for
"money borrowed" after May 1955, because
of a difference in reporting date, that is, the
last Wednesday versus the end of the month.
The data on customer debit and credit balances in Table 12.25 for June 30, 1968-70,
are more detailed than those in Table 12.24,
and they present aggregates for member firms
of the American Stock Exchange as well as the
New York Stock Exchange.
It should be noted, however, that in neither
of these tables do the summary figures disclose
the "financial condition" of reporting firms because: (1) They do not show either the values
of securities carried by the reporting firms for
customers or the current market values of
securities owned by the firms themselves. (2)
The amount reported against the item "net balance in capital and profit and loss accounts and
partners' drawing accounts" does not represent actual net capital. And (3) they do not
include such assets as Exchange seats.

SECURITIES ISSUES
Governmental units, corporations, and other
organizations obtain new external funds'from
several sources. They may issue debt securities
with either long- or short-term maturities.
They may borrow from banks. In still other
instances they may sell mortgages, or they
may increase their equity base through sales
of stocks.
Sales of new issues in capital markets are
one of their major sources of funds. The tables
in this section show the amounts of long-term
debt and equity financing. Although they omit
sales of short-term bonds and notes, the data
are a measure of specific types of demands for
funds In the capital markets.
Governments sell only debt instruments

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(bonds, notes, debentures, and so forth)with


a fixed rate of return and a specified date for
redemption. Corporations, on the other hand,
may sell either debt instruments or stocks.
A preferred stocklike a debt instrument
has a fixed rate of return (dividend), but it is
junior to debt, and it does not have a specified
maturity. Common stock has neither a fixed
rate of return nor a specified maturity.
Security financing may be measured in terms
of gross proceeds, net proceeds, or net changes
in outstanding securities. Gross proceeds are
derived by multiplying the offering price by
the number of units (except for State and local
government issues for which principal amounts
are used). Net proceeds represent gross pro-

Money Rates and Securities Markets

ceeds less estimated costs of flotationthat is,


underwriting compensation, legal expenses,
and so forth.
For certain purposesfor example, for
analyzing the immediate impact of new offerings on security marketsthe gross and net
proceeds figures may be more useful. For other
purposesfor example, for analyzing longerrun relationships between saving and investmentthe figures for net change in securities
outstanding may be more appropriate. Data
on proceeds (whether gross or net) measure
the amount of funds raised by sales of securities in a particular period without taking into
consideration redemptions during the same
period of securities sold earlier by the same or
other corporations or governmental units. Data
on net changes in outstanding securities, calculated by deducting from gross new issues the
total of all securities redeemed during the same
period, are a measure of the net volume of
funds raised. The series on issues for new capital provides something more in the nature of
an intermediate measure, since it is composed
of issues sold to obtain new capital (excluding
the proceeds of refunding issues) but has not
been adjusted to take account of securities
redeemed with funds made available in other
ways. This series was discontinued in late
1968.
Tables 12.30 and 12.31 present data on
gross sales of new securities by governmental
units, corporations, and other organizations.
Table 12.32 presents data on net changes in
securities outstanding for corporations only.
TOTAL NEW ISSUES BY TYPE
OF ISSUER

The estimates shown in Part A of Table


12.30, which are for the period 1934-70, were
prepared by the Securities and Exchange Commission. They cover almost all new security
issues offered for cash for the account of the
issuer in the United States in amounts over
$100,000 and with maturities of more than
1 year. They represent offerings, not actual
sales. However, the proportion of the total that
is not sold is believed to be quite small.

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The estimates exclude several types of offerings; continuous offerings of employee-purchase plans; issues of open-end investment
companies; and intercorporate transactions
where control is involved; sales of issues that
the U.S. Government makes directly to Fedral agencies and trust accounts; corporate notes
issued exclusively to commercial banks; and
portions of issues known to have been sold
outside the United States.
Publicly offered issues are included as of the
offering date; privately placed securities are
included as of the takedown datewhen securities are actually issuedregardless of when
purchase contracts were made. Privately placed
securities are defined as issues sold to a restricted number of investors without being offered to the public and without being required
to meet SEC registration formalities.
Table 12.30 A shows totals for 1934-70 of
all securities offerings (gross) with a breakdown showing amounts by major groups and
amounts of corporate offerings by type of
issuebonds (both publicly offered and privately placed) and stocks (preferred and common). Privately placed corporate bond issues,
which constitute the bulk of privately placed
securities, are shown annually for the whole
period and monthly beginning with 1952.
Definitions of major types of issues follow:
U.S. Government: Direct and guaranteed issues
only (excluded, as noted above, are figures for interagency issues and short-term issues such as Treasury
bills).
U.S. Government agency: Currently issues of the
Federal land banks, Federal intermediate credit banks,
the banks for cooperatives, Federal home loan banks,
Federal National Mortgage Association, Tennessee
Valley Authority, Federal Home Loan Mortgage Corporation, and the Farmers Home Administration.
U.S. State and local government: Issues of all
States, territories, and possessions, and their subdivisions. Through 1951, data are as compiled by the
Commercial and Financial Chronicle; thereafter, by
the Bond Buyer.
Other: Issues of foreign governments and their instrumentalities, of international organizations (for
example, International Bank for Reconstruciton and
Development), and of nonprofit institutions.

Section 12
Corporate: Issues of both foreign and domestic
corporations sold in the United States.
Corporate issues for new capital (available through
September 1968) include net proceeds of all issues
except those used for the retirement of securities.
Issues for new money represent funds to be used for
both purchase of plant and equipment and additions
to working capital (these are shown separately in the
SEC publications); funds used to repay short-term
bank loans that were originally utilized for these
purposes are included. Proceeds for other purposes
are used to repay term loans from banks, to purchase
securities, and for miscellaneous uses.

beginning with 1964) is available in Part D of


Table 12.30. It should be noted, however, that
the figures in Part D are for gross rather than
for net proceeds, and by type rather than purpose of issue.

NEW STATE AND LOCAL


GOVERNMENT ISSUES
Table 12.31 presents data for 1946-70 on
gross sales of long-term State and local government bonds by type of issue and type of issuer
and on issues for new capital classified by use
of proceeds.25 Data for 1946-56 were compiled by the Federal Reserve from information
published in the Bond Buyer; beginning with
1957, the figures are compilations of the
Securities Industry Association.26
Data represent principal (par) amounts of
bonds, warrants, and certificates sold by States,
territories, and insular possessions of the
United States and by their subdivisions. In
addition to offerings to the general public,
securities sold to other State and local government units and to the U.S. Government are
included when reported. Coverage is the same
for the "total (new capital and refunding)"
and "total amount delivered," except that the
latter excludes U.S. Government loans. Issues
are included as of the date of sale, except that
for "total amount delivered" the date of inclusion is the one on which the issuer receives the
proceeds.
Figures on classification by type of issue are
available only on an annual basis before 1957,
but are monthly thereafter. Classifications by
type of issuer and by use of proceeds before
1957 relate only to issues of $500,000 or
more. For each of these categories, issues of

CORPORATE ISSUES
Net proceeds of corporate security issues are
shown for four major industry groups for the
period 1934-47 in Table 12.30 B. Beginning
with 1948 a new classification based on the
Standard Industrial Classification was adopted.
In this classification, shown in Table 12.30 C,
each issuer is included in the industry from
which It derives the bulk of its revenue. As a
result of the new classification there were some
shifts of industries among major groups, and
several new major groups were added. Because only the real estate and financial group
was unchanged, exact comparisons of the new
and old groups are not possible. The accompanying tabulation shows the differences in the
two methods of classification.
Industry Classification
Before 1948
Industrial &
miscellaneous
Public utilities
Railroads
Financial & real estate

1948 and after


Manufacturing
Commercial & other
Extractive1
Electric, gas, and water
Transportation, other
than railroads2
Communications3
Railroads
Financial & real estate

1
Included with commercial and miscellaneous between 1948 and 1952.
2
Includes aviation, previously included with industrial and miscellaneous.
3
Includes radio, previously included with industrial
and miscellaneous.

The series on net proceeds by type of issuer


shown in Part C of Table 12.30 covers the
period 1948-63. A similar breakdown by type
of issuer for the period 1961-70 (monthly

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659

^Long-term securities are those with an original


maturity of more than 1 year except that revenue
anticipation notes with maturities of more than 1 year
are excluded.
26
Total new issues (new capital and refunding)
shown in Table 12.31 for the period 1952-56 are
identical, except for rounding, with the total for U.S.
State and local issues shown in Table 12.30. For other
periods, these totals differ slightly primarily because
of statistical discrepancies in series compiled by
different organizations.

Money Rates and Securities Markets


less than that amount are shown in the "other"
category. Hence many classifications in earlier
years are understated relative to those for
later years.
Definitions of the groupings follow:
General obligations: Bonds secured by the full faith,
credit, and taxing power of the issuer.
Revenue bonds: Obligations secured solely by some
specific revenue source of the issuer, such as revenue
from utilities, from tolls collected by toll authorities,
from rental payments received by public building
authorities, or from all or part of the revenue from a
specified tax or taxes.
Public Housing Authority bonds: Bonds sold by
local housing authorities pursuant to the Housing
Act of 1949, secured by contracts with the Federal
Public Housing Administration for annual contributions.
U.S. Government loans: Bonds sold to the Housing and Home Finance Agency and loans made under
miscellaneous programs.27
Special district and statutory authority. Securities
of all special-purpose units including some, such as
State toll road authorities, which are included under
"States" in some governmental classifications.
Other (under type of issuer): Securities of municipalities, counties, townships, towns, and school districts, and before 1957, all small offerings regardless
of type of issuer,
Education: Issues for higher educational facilities
as well as for construction of primary and secondary
schools.
Roads and bridges: Issues sold for both toll and
free facilities.
Utilities: Issues for electric light and power systems, for sewer and sewage disposal systems, for
transit systems, and for port and airport facilities.
Housing: Issues for construction of residential
housing units and for urban redevelopment.
Veterans' aid: Issues for payment of bonuses for
loan programs for veterans.
Other: Issues for health and welfare, recreation,
flood control, administrative and office buildings, industrial buildings for lease to private corporations,
and so forth, as well as multipurpose issues; and
before 1957, small unclassified issues.
Except for veterans' aid and refunding issues, proceeds of most of the issues are used primarily to

NET CHANGE IN CORPORATE


SECURITIES OUTSTANDING
Table 12.32 presents SEC estimates of the
net change in domestic corporate securities outstanding annually for 1934-70 and quarterly
for 1948-70.
Type of issue or issuer. Table 12.32 A
shows data for the period 1948-70 for net
change broken down by type of security (that
is, debt and stockcommon and preferred)
and by the industry of the issuer. Definitions of these classifications are the same as
those described in connection with Table 12.30
except as noted below. Figures for investment
companies are excluded from both Parts A
and B of Table 12.31.
Method of derivation. Figures for net
changes are derived by deducting estimated
repayments by corporations for securities redeemed (retired) from estimated gross proceeds (as shown in Table 12.30) received by
corporations from sales of securities in the
same period, after making certain adjustments.
Deductions are made for retirement of securities of the type covered regardless of the source
of funds used for this purposethat is, whether
from sales of new securities, from bank loans,
or from internal funds, and so forth. Adjustments are made between stocks and bonds
outstanding when one type of security is exchanged for the other as a result of conversion,
recapitalization, mergers, and so forth.
Additional adjustments are made in the
series on gross proceeds from new offerings as
follows:
Amounts added: (1) Sales to the general public
of securities that are held by affiliated companies or
are held by agencies of the U.S. Government. (2)
Private sales of securities to foreigners. (3) Sales to
employees.
Amounts deducted: (1) Sales of securities by foreign companies. The net change series is for domestic
companies only, while the new-issue series is for

27

Federal loan data are not available separately


before 1952, although small amounts are probably
included in other categories. Beginning with 1957, the
coverage of such loans is considerably broader,
although still incomplete.

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finance construction, including land acquisition, of


facilities to provide the type of service indicated by
the classification.28

2S

The Securities Industry Association publishes


additional detail for some of these categories.

660

Section 12
issues sold in the United States, whether domestic or
foreign. (2) Estimates of securities offered but not
sold. (3) Any additional cash received in connection
with conversions. (4) Sales of securities to other
corporations.

Other: Proceeds are converted


basis (that is, the date the issuer
from an offering-date basis for
(private placements are already
livery-date basis).

to a delivery-date
receives the funds)
all public offerings
included on a de-

INSTITUTIONAL INVESTORS
Financial institutions other than commercial
banks perform an important role in credit and
capital markets by mobilizing the savings of
individuals and channeling these funds among
various types of investments. As a result, the
flow of savings to these institutions and the
allocation of these funds to various investments
are important determinants of interest rates
and prices of securities.
Tables 12.33 through 12.36 present selected
balance sheet data for four major types of
financial institutionsmutual savings banks,
savings and loan associations, life insurance
companies, and credit unions. These were
selected for presentation from among the various types of intermediaries both because of
their importance in the capital markets and
because of the availability of reliable data on
a monthly basis for a considerable number of
years. Tables 12.37 and 12.38 show data on
assets of pension funds; these data are supplied
by the Securities and Exchange Commission.

either distributed as interest to depositors or


added to reserves (surplus).
Types of investment permitted. Investments
of mutual savings banks are subject to limitations imposed by the State of charter. Although
restrictions vary somewhat among States, the
following major types of investment are generally permitted:
U.S. Government securities.
Federal agency securities (not guaranteed).
Securities of State and local governments in the
United States, provided the issuer meets certain requirements relating to geographic location, population, debt/assessed value ratio, earnings, and so forth.
Securities of Canadian Government and of international organizations payable in U.S. funds that meet
specified requirements.
Corporate bonds, limited generally to those of investment grade and/or of issuers that meet specified
requirements relating to size, earnings, debt-service
coverage, and so forth.
Corporate stocks, provided the issuer meets the
specified financial requirements. Generally there is a
limit on aggregate holdings of stocks, and this limit
is usually a relatively small proportion of deposits
or of surplus.

MUTUAL SAVINGS BANKS


Table 12.33 presents data compiled by the
National Association of Mutual Savings Banks
on the assets and liabilities of all mutual savings banks in the United States; the figures are
for endof-year, 1945-70, and end-of-month,
1947-70. Mutual savings banks are mutual
thrift institutions chartered by individual States,
primarily those in the northeastern part of the
United States. They have no capital stock or
stockholders. Incorporators provide initial
guaranty and expense funds, and under stated
conditions these funds may be returned to
them out of subsequent earnings. After expenses of operations are paid, all earnings are

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Mortgage loans (generally first Hens only) with


some restrictions relating to the geographic location
of the borrower, except for loans underwritten by the
U.S. Government.

Types of assets and liabilities shown.

The

following paragraphs describe the principal


asset and liability categories shown. More detailed breakdowns of some items are available
from the compiling organization.
Loans are net of valuation reserves. Mortgage
loans: Those secured by a mortgage on real property,
including loans insured by the Federal Housing Administration or guaranteed by the Veterans Administration, as well as conventional loans. Other loans:

661

Money Rates and Securities Markets


Primarily instalment loans to individuals for residential repair and modernization and instalment and
single-payment loans to individuals for personal expenditures in some States.
U.S. Government securities: Direct and guaranteed
obligations.
State arid local government securities: Obligations
of U.S. States and their political subdivisions,
Corporate and other securities: Corporate debt and
equity obligations, certain obligations of the Canadian
Government and its subdivisions and of the International Bank for Reconstruction and Development and
Federal agency issues not guaranteed by the U.S.
Government.
Cash assets: Vault cash, balances with other banks,
and cash items in the process of collection.
Other assets: Real estate, including bank premises,
and furniture and fixtures.
Deposits: Primarily passbook-type and time deposits, and demand deposits in the few States permitting savings banks to offer such deposits. Deposits
may also be classified in a slightly different manner.
For example, in the reports of the National Association of Mutual Savings Banks, the bulk of accounts
are classified as regular accounts, but there are also
special accounts, consisting primarily of Christmas
club, vacation, and school savings accounts.

Monthly data for other loans, cash assets,


other assets, other liabilities, general reserve
accounts, and total assets and liabilities are not
available until June 1947. In addition, monthly
figures on holdings of State and local government securities and of corporate and other
securities are not available separately until
December 1951. General reserve accounts and
other liabilities are also combined for the
period July-November 1947. The data shown
were compiled from reports submitted to the
National Association of Mutual Savings Banks.
They may differ slightly from other published
data compiled on the basis of reports filed with
Federal and State bank supervisory agencies
on a less frequent basis.
SAVINGS AND LOAN ASSOCIATIONS

Table 12,34 presents estimates prepared by


the Federal Home Loan Bank Board on the
assets and liabilities of all savings and loan
associations in the United States. The figures
are end-of-year 1945-70, end-of-quarter 195054, and end-of-month 1955-70.

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662

Types of associations. Savings and loan


associationsalso known as cooperative banks,
building and loan associations, and savings
associationsare thrift associations chartered
by individual States or by the U.S. Government. Of the 5,669 associations in operation
at the end of 1970, 4,365 were insured by the
Federal Savings and Loan Insurance Corporation; of these, 2,067 were Federally chartered
(all insured by FSLIC) and 2,298 were Statechartered. All of the Federally chartered associations and approximately two-thirds of the
State-chartered were mutually owned. Such
associations accept deposits in the form of
share capital. These are legally considered
shares in the association, and holders of shares
unlike depositors at banksare owners
rather than creditors of the association,
The remaining 649 State-chartered associations had some form of permanent stock ownership. These associations were located primarily in four StatesCalifornia, Texas, Ohio,
and Illinois,
Investments of associations are subject to
restrictions imposed by the chartering government. In general, Federally chartered associations, which in recent years have held slightly
more than half of the assets of all associations,
may invest in U.S. Government obligations,
securities of the Federal home loan banks and
of the Federal National Mortgage Association,
loans secured by the share accounts of association members, and first mortgage loans on real
estate. Collateral for the latter must be geographically located within the association's regular lending area (generally within 50 miles of
its home office prior to 1964, 100 miles thereafter), except that this restriction is relaxed
when the mortgage loan is Federally underwritten.
Federal associations have no general authority to purchase corporate securities or to make
consumer or business loans not secured by
real estate. With the Housing Act of 1964,
however, their authority was broadened to permit investment in (1) general obligation bonds
of State and local governments, (2) participation or other instruments of, or fully guaranteed by, the Federal National Mortgage

Section 12
Association or any U.S. agency, and (3) loans
to college students for their education.
State-chartered associations are subject to
limitations that are similar, but generally less
restrictive, than those imposed on Federally
chartered associations. In some instances they
have authority to invest in corporate and in
State and local government bonds, and the
geographic area where they may lend is larger.
Types of assets and liabilities shown. The
following paragraphs describe the asset and
liability categories shown.
Mortgages: All first mortgage loans on real property; before 1958, mortgages are shown net of mortgage pledged shares, and asset items will not add to
total assets and liabilities because the latter are shown
grossthat is, without deduction for pledged shares.
Beginning with January 1958, both mortgage loans
and total assets are shown on a gross basis.
U.S. Government securities: Direct and guaranteed
obligations.
Cash: Vault cash and bank deposits, including deposits with Federal home loan banks.
Other assets: Nonmortgage loans, obligations of
Federal home loan banks and of the Federal National Mortgage Association, real estate owned and
sold on contract, furniture and fixtures, and any corporate or State and local government securities held
by State-chartered associations.
Borrowed money: Advances from Federal home
loan banks, loans from commercial banks, and any
other borrowed funds.
Loans in process: Undisbursed portions of closed
loans included in assets.

Before 1950, data for most items are estimated on the basis of annual reports only. Beginning with 1950, data are estimated on the
basis of monthly reports from insured associations and of annual reports from noninsured
associations. Data on reserves and undivided
profits, loans in process, and other liabilities
are not available separately for most months
before 1959.
LIFE INSURANCE COMPANIES

Table 12.35 presents estimates prepared by


the Institute of Life Insurance for assets of all
U.S. legal reserve life insurance companies.
The figures are for end of period, as follows:
statement-value series, annually 1945-68 and

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monthly 1969 and 1970; and book-value


series, monthly 1947-68.
Types of companies and investments. Life
insurance companies are chartered by individual States. They may be mutualthe more
important group in terms of assetsor capital
stock companies. Legal reserve companies are
those operating under State insurance laws
specifying a minimum basis for the reserves
that a company must maintain on policies in
force.
Life insurance company investments are
governed by the laws and regulations of the
State that charters the company and also by the
regulations of other States in which they are
licensed to da business. Although these regulations vary, insurance companies are generally
authorized to hold a wide variety of investments provided that the investments meet
specified quality standards and provided that
the companies stay within certain restrictions
as to the aggregate invested in certain types
of securities.
The most significant change in regulations
governing life insurance company investments
over the period shown has concerned common
stocks. For many years companies doing business in New York State had been prohibited
from investing in common stocks, but during
the period since 1951 this regulation has been
liberalized. The result is that by 1970 these life
insurance companies were permitted to hold
common stock up to the lesser of 10 per cent
of their assets or 100 per cent of policy holders'
surplus.
The values shown in Table 12.35 for endof-year dates and for end of month beginning
January 1969 are in accordance with State
regulations for annual statements, with investment-grade bonds valued at amortized cost,
and stocks and unamortizable bonds valued at
end-of-year market value. Monthly figures
through 1968 are based on book value of
ledger assets, with adjustments for interest due
and accrued and for differences between market and book values generally included in the
figures for total assets and for other assets.
Types of investments shown. The following
paragraphs describe the asset classifications
shown; in most instances the Institute of Life
663

Money Rates and Securities Markets


Insurance publishes breakdowns of the categories shown in the table.
U.S. Government securities: Direct and guaranteed
obligations.
State and local government securities: Obligations
of U.S. States and their subdivisions.
Foreign government securities: Securities of foreign central governments and their subdivisions, as
well as securities of international organizations.
Business securities: Bonds: Long-term bonds, notes,
and debentures of both domestic and foreign corporations, short-term commercial and finance company
paper, and securities of U.S. Government agencies
not guaranteed by the U.S. Government. Stacks:
Common and preferred stocks of both domestic and
foreign corporations.
Mortgage loans: All loansboth Governmentunderwritten and conventionalsecured by real
property.
Policy loans: Loans to policy holders secured by
the cash-surrender value of insurance policies.
Real estate: Both company-used and investment
properties.
Other assets: Cash and bank deposits, due and
deferred premiums, equipment leasebacks, collateral
loans, accounts receivable, and, for the monthly figures, adjustments for interest due and accrued and
for changes in the market value of investments.

CREDIT UNIONS
Table 12.36 presents estimates prepared by
the National Credit Union Administration on
the assets, loans, and savings accounts of
credit unions in the United States; the figures
are end-of-year 1934-70, and end-of-month
1956-70.
Types of associations. Credit unions are
cooperative associations that are chartered
either by individual States or by the Federal
Government. At the end of 1970 there were
almost 13,000 Federal credit unions and
11,000 State-chartered credit unions operating
under 44 State laws in the United States and
in Puerto Rico. As a general rule, Statechartered credit unions are supervised by the
banking commission of the respective State.
Federal credit unions, which are established
under the Federal Credit Union Act of 1934,
are currently supervised by the National Credit
Union Administration (NCUA), which is an

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664

independent agency in the executive branch of


the Federal Government.
Federal law provides that credit union membership shall be limited to groups having a
common bond of occupation or association
(for example, religious, fraternal, or labor organizations). Credit unions may also be created
to serve a well-defined community, typically in
a rural area.
Types of assets. The primary assets of
credit unions are consumer loans to members.
Federal and State laws restrict the maturity
and interest charges on these loans. Federal
credit unions, for example, may not lend for
longer than 10 years, which effectively excludes
them from the mortgage market. Although
State laws generally permit more latitude to the
individual institutions, mortgage holdings of
State-chartered credit unions are typically quite
small. There are also lawsvarying from State
to Statethat limit the size of individual loans
and restrict other types of asset holdings. Typical investments include: government securities,
savings and loan shares, bank deposits, and
loans to, and holdings of shares in, other
credit unions.
Liabilities. Credit unions accept savings in
the form of shares purchased by members.
Typically each share is valued at S5. The
shares are analagous to equity capital; that is,
members are owners rather than creditors of
the credit union. Amendments to the Federal
Credit Union Act in October 1970 created the
National Credit Union Insurance Fund under
the control of the NCUA. All Federal credit
unions are required to subscribe, and State institutions may elect to participate in this plan,
which insures an individual's shares up to
$20,000.
Other sources of funds to credit unions are
their borrowings and their reserves. Each Federally chartered credit union must maintain
reserves equal to 10 per cent of its risky loans.
Similar requirements exist for State-chartered
credit unions. Credit unions may borrow from
any source up to some specified percentage of
capital plus surplus. At Federally chartered institutions the limit is 50 per cent, and at those
chartered by the States it varies from 25 to 50
per cent.

Section 12
PENSION FUNDS
Although some employers set up funds in
the early part of this century into which they
made contributions for retirement pensions for
their employees, the sharp growth in pension
fund reserves has been a post-World-War-II
phenomenon. There are two broad types of
pension funds: (1) Public funds are those
trust funds established by Federal legislation
with the U.S. Government as a trustee, and
funds established by State and local governments; and (2) private funds, which are largely
for employees of private corporations.
Public pension funds. Most of the public
pension fund systems administered by the Federal government grew out of legislation enacted
during the early 1930's. Contributions to these
funds are made by both employer and employee. Coverage as well as benefits of these
Federally administered funds have been broadened over the years, and at the present time
almost, all working adults are covered by one
of the programs. All reserves of these public
pension funds are invested in U.S. Government securities.
Although most employees of State and local
governments are now covered under Federal
Old Age and Survivors Insurance, many are
also covered by funds set up by these governmental units (see Table 12.37). Until the late
19SO's the reserves of most of these funds
were invested largely in Federal and State and
local government securities. But since then
regulations governing the investments of public pension funds have been extensively liberalized in most States, and these funds have
become very important buyers of corporate
bonds, and, starting in 1962, net sellers of
municipal obligations. For the most part these

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665

funds are still prohibited from purchasing


corporate stocks, and at the end of 1970 their
mortgage holdings were still small.
Noninsured private pension funds. Generally speaking, pension benefits for employees
of most small firms are acquired through the
purchase of insurance contracts either for each
employee separately or through a blanket contract for all employees combined. These reserves are commingled with the other reserves
of life insurance companies; the investment
holdings of these companies are shown in
Table 12.35. The funds of most large corporations, however, are usually not insured, and
responsibility for making over-all investment
decisions rests with trustees. Usually the trustees of these funds are appointed in equal number by management and union, but in some
cases all trustees are appointed by either
management or union.
Over the years the investment policies of
these funds have shifted. Initially their reserves
were invested primarily in U.S. Government
and high-grade corporate bonds acquired in
the public market. But in recent years most
funds have become very important purchasers
of common stocks, and now they rank as the
largest institutional holders of these securities.
Another important activity of pension funds is
the acquisition of corporate debt issues directly
from the issuer.
Since the beginning of 1955 the SEC has
collected annual data on the investments of
noninsured corporate pension funds. Figures in
Table 12.38 are shown on a market-value basis
beginning with 1955; however, figures are also
available on a book-value basis (usually cost
of acquisitions) beginning with 1950. Both of
these series are shown for the years through
1970.

MONEY RATES AND SECURITIES MARKETS


12.1 FEDERAL RESERVE BANK DISCOUNT RATES ON LOANS TO MEMBER BANKS
A. ADVANCES AND DISCOUNTS UNDER SECTIONS 13 AND 13a, 1941-70
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]
Year and month

Boston

New
York

1941 In effect Jan. 1


1942 Feb
Mair
Apr

Philadelphia
IK

(21) 1

...

Richmond

Cleveland

\y%

IK

(11) I

Atlanta Chicago

(14) 1

IK

(21) 1

St.
Louis

(14) 1

Kansas
City

Dallas

1^

1U

1U

IK

(28) 1

Minneapolis

San
Francisco

1V

1 L<

(28) 1

(21) 1
(4} I
(11) 1
\.$i (12) \H (12) 1M (19) 11^ (121 \\ /IS} It^
li^ (19) IK (13) IK
(13^ 1^ (13) 14^

1948 Jan
Aug

(14) 1M (12) l}4 (12) 1M (12) IX (12) 1^ (12) 1W (12)


(13) IK (23) IK (13) IK (13) IK (13) IK (13)

1950 Aug

(21) \% (21) 1M (25) 1^ (25) 1M (25) \% (24) 1% (25) 1^ (23) 1M C22^ IV (251 IV (25} IV (24} IV

1953 Jan

(20) 2

1954 Feb
Apr,
May

(5) IV (5) 1M
(27) IK (16) IK

1955 Apr
Mayy
Aug
Sept
Nov

(13) IK

...

1956 Apr
Aug
19 57 Aug
Nov
Dec

..

1958 Jan
Feb
Mar
Apr
May
Aug
Sept
Oct
Nov

(15)

f
>

(16) 2

(16) 2

(16) 2

(23) 2

(16) 2

(16) IK

(16) 2

(16} 2

f!6^ 2

(161 2

(5) IV^ (15) IV (12) \% (9) i^ (11) 1M (5) 1M (5) 18^ (12)
(23) IK
(14) IK (23) IK (29) IK (23)
(15) IK (15) IK
(21) IK

1% (15) 1M (22)

1% (15) IV, (15) IV,

(22)
(2) 1M
(4) 2
(26) 2M

1^ (15)

1M (15)

(23) 2

(20} 2

IV, (15) 1M (5) 13/


IK (23) IK (16) IK

i^ (141) IV (151 IV (22} IV

(4) 2
(5) 2
(5) 2
(6) 2
(5) 2
(8) 2
(4) 2
(4) 2M (12) 2
(5) 2
(5) 2
(30) 2%
(13) 2% (9) 2K (2) 2^
(9) 21A
(9) 2J4
(12) 2}^ (9) 2\i (9) 2J^ (9) 2K
(22) 2K (18) 2K (18) 2K (18) 2K (22) 2K (18) 2K (18) 2K (22) 2K (21) 2K (21) 2U (23} 2VS (18} 2ll

(13) 2V (13) 2% (13) 2% (13) 2% (13) 2^ (13) 2M (20) 2^ (13) 2% (13) 3 (13) 2^ (13) 2V (13} 3
(28) 3 (24) 3 (24) 3 (27) 3 (24) 3 (28) 3 (24) 3 (28) 3
(31) 3 (28) 3
(13) 3K (23) 3K (9) 3K (23) 3K (19) 3jx (\\\ 31^ (9) 3K f2n 31^ fO\ 3L< f Q \ 7Li f t i \ 'lu; (15} 3Mi
(19) 3 (15) 3 (22) 3 (29) 3 (15) 3 (15) 3 (29) 3 (15) 3 (22) 3 (22) 3
29 3

(2) 3

(28) 2K (24) 2M (22) 2M (24) 2% (24) 2M (28) 2M (24) 2% (24) 2^


(11)
(22)

(24) 2%

(7) 2U
(14) 2%
2]A (7) 2% (7) 2M (14) 2J4 (14) 2J4 (10) 2^ (7) 2J4 (14) 2J4 (21) 2j| (14) 2M (14) 2M (13} 2U
1M (18) \% (18) 1M (25) 1M (25) 1^ (22) 1% (18) IK (18) 1^ (18) 1| (25) l||

(9) IV^

(23) 2
(4) 2K

H) iv

(29) 2 (22) 2 (15) 2


(26) 2
(19) 2 (12) 2 (12) 2
(5) 2 (12) 2
(5) 2
(24) 2K (30) 2K (24) 2K (28) 2K (31) 2K (24) 2K (24) 2K
(24) 2K
(4) 2K
(6) 2K
(7) 2K

(12) 2

1959Mar
May
June
Sept

(6) 3 (13) 3 (13) 3 (16) 3


(6) 3 (13) 3 (16) 3 (13) 3
(6) 3
(6) 3 (12) 3
(29) 3K
(29) 3K
(29) 3K (29) 3K (29) 3K
(2) 3K
(11) 3U
(5) 3K (12) 3K (12) 3U (2) 3K
(5) 3K
(14) 4 (11) 4 (18) 4 (H) 4 (11) 4 (14) 4 (11) 4 (11) 4 (14) 4 (11) 4 (11) 4 (11) 4

1960June
Aug.
Sept

(14) 3K (10) 3K (3) 3K (10) 3K (10) 3K (13) 3K (10) 3K (10) 3K (10) 3K (10) 3K (10) 3K
(23) 3 (12) 3 (19) 3 (12) 3 (12) 3 (16) 3 (19) 3 (19) 3 (15) 3 (12) 3

1963 July

(17) 3*4 (17)

1964 Nov

(24) 4

1965 Dec

(10) 3

(9) 3

(8) 4K

3K (19)

(24) 4

(3) 3H
(2) 3

3H (17) 3K (17) 3K (24) 3H (19) 3K (17) 3K (17) 3K (26) 3K (17) 3H (19) 3K

(24) 4

(27) 4

(27) 4

(6) 4K (10) 4K (10) 4K (10)

4K

(25) 4
(8) 4K

(24) 4

(24) 4

(30) 4

(6) 4K (10) 4K (10)

(30) 4

4K (13)

(27) 4

(27) 4

4K (10) 4K (10) 4K

1967 Apr
Nov

(7) 4
(7) 4 (10) 4
(7) 4
(7) 4
(7) 4
(7) 4
(7) 4 (14) 4
(7) 4
(7) 4
(7) 4
(20) 4K (20) 4K (21) 4K (20) 4K (20) 4K (20) 4K (20) 4K (27) 4K (20) 4K (20) 4K (20) 4K (20) 4K

1968 Mar
Apr
Aug
Dec ...

(15)
(23)
(27)
(18)

1969 Apr
1970 Nov
Dec

5
5K
5K
5K

(8) 6

(22)
(19)
(30)
(18)

5
5K
SM
5H

(4) 6

(18)
(19)
(23)
(18)

5
5K
5M
5)4

(4) 6

(15)
(26)
(23)
(18)

5
5K
5J4
5K

(15)
(26)
(19)
(18)

(4) 6

(4) 6

(15)
(22)
(30)
(18)

5
5K
5^
5K

(4) 6

(15)
(26)
(23)
(18)

5
5K
5M
5K

(4) 6

(15)
(23)
(30)
(20)

5
5K
5M
5H

(4) 6

(15)
(19)
(16)
(18)

5
5K
5M
5K

(4) 6

(15)
(26)
(23)
(20)

5
5K
5M
5K

(4) 6

(15)
(26)
(28)
(18)

5
5K
5M
5K

(4) 6

(15)
(19)
(30)
(20)

5
5K
5U
5>1

(4) 6

(11) 5M (13) 5% (16) 5^ (13) 5% (11) 5% (11) 5M (13) 5% (11) SH (11) 5^ (13) 5^ (13) 5% (11) 5V
(1) 5K (4) 5K (4) 5K (1) 5K (11) 5K (1) 5K (11) 5K (11) 5K (I) 5K (10) 5K (1) 5K (4) 5K

NOTE.A raKe of 1 per cent on advances secured by U.S. Government


securities was in effect Jan. 1, 1941, at the Federal Reserve Banks of Atlanta, Chicago, St. Louis, Kansas City, and Dallas, and continued until
the regular discount rate was reduced to 1 per cent in February, March,
or April, 1942.
A rate of K of 1 per cent on advances secured by U.S. Government
securities maturing or callable in 1 year or less was in effect at all Federal

Digitized for FRASER


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

5
5K
5M
5H

667

Reserve Banks from various dates in October 1942 to various dates in


April and May 1946, as follows: EstablishedOct. 15, 1942, Atlanta;
Oct. 17, Philadelphia, Chicago, Dallas; Oct. 27, Boston, Cleveland, St.
Louis, Kansas City; Oct. 28, Richmond, San Francisco; Oct. 30, New
York, Minneapolis, EliminatedApr. 25, 1946, New York, Philadelphia,
San Francisco; Apr. 26, Chicago, St. Louis, Minneapolis; Apr. 27, Boston,
Kansas City; May 3, Cleveland; May 10, Richmond, Atlanta, Dallas.

MONEY RATES AND SECURITIES MARKETS


12.1

FEDERAL RESERVE BANK DISCOUNT RATES ON LOANS TO MEMBER BANKSContinued


B. ADVANCES UNDER SECTION 10(b), 1941-70
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective;!

Year and month

1941 In effect Jan. 1

1942 -Mar
Aug. .
Sept
Get .
1948 - Jan . .
Aug. .

Boston

New
York
2

Philadelphia
2

Cleveland

Richmond

. .

(27) 134 (30) 134 (17) 134


. . . .

en)
m (12)
(13) 2 (13)

02) IK

(29) U4

St.
Louis

Minneapolis

San
Francisco

Kansas Dallas
City j

(14) 134

'1 . . . . . . .< .

||--'--"'!|------- -

, ..
(28) 1M (15) 134

ci2) m (12)
(13)

\H (12) 1|4
2 (23) 2 ' (13) 2

Atlanta Chicago

(30) 134 (27) IK (17) 114 (28) 134

\% (12) 1M (12) 1^4 (12) 1;>4 (12) \U (19) 1 (12) \? 05) \H


2 ((13) 2 (13) 2 (19) 2 (13) 2' (16) 2 (13) 2' 03) 2

1950 Aug

(21) 234 (21) 2M (25) 2M (25) 234 (25) 234 (24) 23 (25) 234 (23) 214 (22) 234 (25) 234 (25) 2*4 (24) 234

1953 Jan

(20) 234 (16) 234 (16) 2K (16) 234 (23) 234 (16) 2^4 (16) 2H (16) 214 (16) 23,4 (16) 2M (23) 2J4 (20) 2^

1954 Feb. .
Apr
May.
Sept

(5) 234 (5) 2J4


27) 2 (16) 2

1955_Apr
May
Aug
Sept.
Nov

(15) 234 (15) 2^ (22) 234 (15) 2M (15) 234

(isi'i"

(9) 234 (U) 234 (5) 234 (5)) 2f4 (12) 234 (15) 2^4 (5) 234
(23) 2 (29) 2
(23) 2 (16) 2

"(i5)'2"

(13) 2
(22) 2^ (15) 2|4 (15) 234

(15) 2,3-4 (22) 234

(2) 2J-4
(4) 234 (4) 2K (8) 234 (6) 2^4 (5) 234 (5) 234 (5) 23-4
| (4) 234 (5) 234 (5) 2H (4) 234 (12) 234 (26)
(30) 2%
2M
(9) 24
(9) 2?4
(13) 2U (9) 2M (2) 2M
(12) 23| (9) 2 (9) 2^ (9) 23|
(22) 3 (18) 3 (18) 3 (18) 3 (22) 3 (18) 3 (18) 3 (22) 3 (21) 3 (21) 3 (23) 3 (IB) 3

1956 Apr
Aug

1957 Aug .
Nov.
Dec

(5) 234 (15) 2M (12) 234


(23) 2

(2i)'i"

(13) 334 (13) 334 (13) 334 (13) 334 (13) 3|4 (13) 334 (20) 3M (13) 33 (13) 334 (13) 314 (13) 334 (13) 3J4
(28) 334 (24) 3K (24) 334 (27) 334 (24) 3*4 (28) 334 (24) 3J4 (28) 33>^
(31) 3M (28) 3K
(9) 4 (23) 4 (19) 4 (13) 4
(9) 4
(13) 4 (23) 4
(9) 4 03) 4 (15) 4
(9) 4 (21) 4
(19) 334 (15} 3)4 (22) 334 (29) 334 (15) 334 (15) 3|4 (29) 3^4 (15) 3K (22) 33-4 (22) 334
(29) 3M
(2) 3V*

. .

1958 -Jan
Feb . .
Mar....
Apr. .
May
Aug.
Sept
Oct. .
Nov

(24) 3M
' (7)*3ii
(14)' 3i4
(11) 2M (7) 2M (7) 2M 04) 2M (14) 234 (10) 234 (7) 24 (14) 2M' (21) 2% (14) 2| (14) 25i 03) 2i
(22) 2M (IS) 234 (18) 234 (25) 234 (25) 2M (22) 2J4 08) 23-4 (18) 23^ (18) 214 (25) 234
(9) 2^4
(29) 2H (22) 234 (15) 23,4
(26) 234
(23) 234 (12) 234 (19) 234 02) 234 (12) 2J4
(5) 234 (12) 23-4 (5) 2^4
(24) 3
(24) 3 (30) 3 (24) 3 (28) 3 (31) 3 (24) 3 (24 )3
(4) 3
(4) 3
(7) 3
(6) 3

1959 Mar
May.
June
Sept.

(io) 334

(28) 334 (24) 334 (22) 3M (24) 334 (24) 334 (28) 334 (24) 314 (24) 334

(i) 2i<r

(6) 3J4 (6) 334 (13) 334 (13) 334 (16) 334 (6) 334 (13) 334 (16) 334 (13) 3J4 (6) 3H (12) 334
(29) 4
(29) 4 (29) 4 (29) 4
(29) 4
' ( 5 ) "4"
(2) 4
(5) 4 (12) 4 (12) 4
(2) 4
oi>*4"
(14)
434
(18)
4J4
(14) 434 (11) 434
(11) 434 (11) 434 (14) 434 (11) 4M (115 434
( U ) 4H ( i i ) 434 01) 4H
(14) 4 (10) 4
(3) 4 (10) 4 (10) 4 03) 4 (10) 4 (10) 4 (10) 4 (10) 4 (10) 4
(3) 4
(23) 314 (12) 334 (19) 3*4 02) 334 (12) 334 06) 334 (19) 334 (19) 334 (15) 3M (12) 33-4
(9) 3>4 (2) 33-4

I960 June . . . .

Aug

Sept

(17) 4

(19) 4

(17) 4

(19) 4

(17) 4

1964-Nov

(24) 434 (24) 434 (24) 4M (27) 4J4 (27) 434 (25) 4*4 (24) 4M (24) 434 (30) 4M (30) 4H (27) 434 (27) 4H

1965 Dec
1967= Apr.
Nov

(8) 5

....

1968 Mar.
Apr
Aug.
Dec .

Digitized for FRASER


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

(6) 5

(19) 4
(10) 5

(10) 5

(17) 4
(10) 5

(24) 4

(8) 5

(6) 5

(10) 5

(10) 5

(13) 5

(17) 4
(10) 5

(10) 5

(7) 434 (7) 434 (7) 4M (7) 434 (7) 434 (10) 434 (7) 434 (14) 4H (7) 434 (7) 4i>4 (7) 434 (7) 4^
(20) 5 (20) 5 (21) 5 (20) 5 (20) 5 (20) 5 (20) 5 (27) 5 (20) 5 (20) 5 (20) 5 (20) 5

(15) 5M (15) 5!4 (15)


534 (18) 534 (15) 534 (15) 534
(19) 6 (19) 6 (26) 6 (26) 6 gi] ^ (26) 6 (23) 6 (19)
gii ^M (22)
K (23) 54 (30) 5% (16)
(30) SK (23) 5M (23) 5M (19) 5%
ISj I (18) 6 (18) 6 (18) 6 (18) 6 88} i* (18) 6 (20) 6 (18)

1969 Apr
1970 Nov.
Dec .

(17) 4

(17) 4

(26| 4

1963 July

534
6
5*4
6

(15)
(26)
(23)
(20)

534
6
5^1
6

(15)
(26)
(28)
(18)

534
6
5M
6

(15)
09)
(30)
(20)

534
6'
54
6

(8) 634 (4) 634 (4) 6)4 (4) 634 (4) 6>4 (4) 6J4 (4) 6^ (4) 634 (4) 63-4 (4) 634 (4) 6J4 (4) 63-4
(11) 634 (13) 6M (16) 634 (13) 6M (U) 6K (11) 634 (13) 634 ( U ) 6M (11) 6M (13) 634 (B) 6J4 (U) 634
(4) 6
(4) 6
(4) 6
(I) 6 (10) 6 ' (1) 6
(1) 6
(1) 6 (11) 6
0) 6 (11) 6 (11) 6

668

MONEY RATES AND SECURITIES MARKETS


12.2

FEDERAL RESERVE BANK DISCOUNT RATES ON ADVANCES TO OTHERS THAN MEMBER BANKS
SECURED BY DIRECT SECURITIES OF THE UNITED STATES
(Last Paragraph of Section 13)
A. INDIVIDUALS, PARTNERSHIPS, OR CORPORATIONS OTHER THAN MEMBER BANKS, 1933-70
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]

Year and month

Boston

New
. York

Philadelphia

Richmond

Cleveland

Atlanta

Chicago

St,
Louis

(23) 4% (13) 4)4 (13) 4)4 (14) 4)4 (16) 4)4 (13) 4)4 (14) 4)4 (15) 4)4

1933 M a r . , .
Apr
Oct

(20) 4

1934 Feb
Mar

(2) 4

(20) 4

(21) 4

(16) 4
(19) 4

(8) 3)4

1935 Feb
May

(17) 4

Dallas

San
Francisco

(231 4\4 (161 4U n g \ 4L<


(19} 4
(12) 4

(10) 3J^

(23) 2^
(8) 3

(16) 2> (16) 2)4

(1) 2)4

1942 Mar
Oct

(27) 2

(30) 2)4 (17) 2

(27) 2

(28) 2> (15) 2

(17) 2

(14) 3
(27) 2

1946 Mar

(30) 2)4 (27) 2

(17) 2

(28) 2)4

(23) 2
(14) 2)4

1948 Jan. . . .
Feb
Aug

(24) 2> (12) 2)4 (12) 2)4

(isi 2^0

(13) 2M

(23) 2<*

(23) 2)4 (13) 2)4


(25) 2%

1950 Aug

(20) 3

1953 Jan
May
July
Aug

(16) 3

(16) 2%

(15) 3

1956 Apr
Aug. .

(13) 3% (13) 3)4 (13) 3)4


(28) 4 (24) 3M
(27) 4

1957 Aug
Nov

(13) 4$4 (23) 4)4


(19) 4 (15) 3%

. . . .

(10) 4)4
(14) 5
. .

(7) 3)4

(29) 4)4
(11) 5

(16) 2% (23) 3

(12) 3%

(14) 3 (15) 3)4


(5) 3J^ (5) 3^
(9) 3K

(22) 3

(24) 4

(20) 3

(24) 4

(28) 4

(9) 4)4 (21) 4)4


(15) 4

(24) 4

(9) 4H

(9) 4U (13) 4)4 (15) 4)4


(22) 4

(24) 3%
(7) 4
(14) 3K (21) 3H (14) 31^ (14) 4
(18) 2M

(10) 3M
(18) 3)4 (25) 3)4 (25) 2% (22) 3
(26) 3)4
(12) 3% (12) 3%
(30) 4 (24) 4 (28) 4K

(5) 3^
(12) 3
(24) 3M (24) 4K

(13) 4)4

(6) 4H (13) 4 (16) 4)4 (13) 41^


(29) 4H

(5) 4)4 (12) 4J4


(18) 5 (11) 5 ( U ) 5

(24) 5l/4 (24) 5

(24) 5

(14) 5

(6) 5)4 (10) 5)4 (10) 6


(7) 5
(20) 5)4 (20) 6

(17) 4M (24) 5

(27) 5)4 (27) 5


(10) 5)4

(9) 3)4
(18) 3H

(13) 3% (20) 3M (13) 3>^ (13} 4^A (13) 3^ (13) 3% (13) 4


(28) 4 (24) 4 (28) 4
(31) 4 (28) 4

(23) 4)4 (19) 4)4 (13) 4H


(29) 4

(17) 5

(17) 4)4

Digitized for FRASER


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

(26) 3

(11) 5

(11) 5

(14) 5

(29) 3%
(4) 4

(11) 5

(10) 4)4 (10) 4)4 (10) 4K (10) 4)4


(10) 4J4
(14) 4)4 (10) 4)4
(19) 4)4 (12) 4^ (12) 4 (16) 4)4
(19) 4 05) 4 (12) 4
(23) 4

1963 July

1967 Apr
Nov

(9) 4

(7) 4

1964 Nov
1965 J3ec

(18) 3

(18) 3% (18) 3)4 (22) 3M 08) 3M (18) 3)4 (22) 3)4

(12) 3)4 (19) 4


(4) 4

1959 Mar
May
June .
Sept

(9) 3)4

(28) 3% (24) 3)4


(11) 3)4

(14) 2)^

(9) 3)4

(22) 3

1955 A p r . . . .
Aug
Sept...
Nov

. . .

(16) 3
(20) 3^

(5) 2%

(13) 3%
(22) 3)4

(191 2i^

(24) 2M
(23) 3

(17) 3

1954 Feb

1960 June
Aug
Sept

Kansas
City

(23) 4

00 3H

1939Sept. .

1958 Jan
Feb .
Mar
Apr. . ,
May
Aug. .
Sept
Oct . .
Nov

(15) 4)4

(23) 4

(29) 2)4

1938 Apr
Oct

Minneapolis

(25) 6
(8) 6H

(19) 5

(17) 4)4
(24) 5

(28) 4)4

(13) 31^
(1) 3U
(15) 3^
(6) 4

(12) 4)4
(11) 5

(11) 5
(3) 414

(9) 4M

(26) 4H
(30) 5

(30) 5

(27) 5

(27) 5

(6) 5)4 (10) 5M (10) 5)4 (13) 5J^ (10) 5^ (10) 5)^

(7) 51^ (7) 5 (10) 6


(7) 5
(7) 5 (14) 5
(7) 5
(7) 5
(7) 5
(7) 5
(21) 5)4 (20) 6 (20) 5)4 (20) 6H (20) 5H (27) 5)4 (20) 5)4 (20) 5H (20) 5)4 (20) 5)4

669

MONEY RATES AND SECURITIES MARKETS


12.2

FEDERAL RESERVE BANK DISCOUNT RATES ON ADVANCES TO OTHERS THAN MEMBER BANKS
SECURED BY DIRECT SECURITIES OF THE UNITED STATESContinued
(Last Paragraph of Section 13)
A. INDIVIDUALS, PARTNERSHIPS, OR CORPORATIONS OTHER THAN MEMBER BANKS, 1933-70Continued
[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]

Boston

Year and month

1968 Mar
Apr.
Aug
Dec

(15)
(23)
(27)
(18)

. .

(8) 7

1969 Apr
1970=-Feb
Mar
Nov. .

6
6M
6M
6H

New
York

(22)
(19)
(30)
(18)

6H
7
6M
7

(4) 7H

(IS)
(19)
(23)
(18)

6
6H
6M
6H

(4) 7

Richmond

Cleveland

(15)
(26)
(23)
(18)

6J4
7
6M
7

15)
(26)
(19)
(18)

(4) iy*

Atlanta Chicago

6
6H
6tf (30) 6M
6M (18) 6H
(4) 7

(4) 7

(18) 7K (10) 7^

(10) 7M

(2) 1%

. .

Philadelphia

(15)
(26)
(23)
(18)

6
6M
6K
6*4

(4) 7

St.
Louis

CE5)
(23)
(30)
(20)

6
6H
6M
6M

(4) 7

Minneapolis

Kansas
City

(15)
(19)
(16)
(IB)

(15)
(26)
(23)
(20)

6
6>4
6H
6K

Dec

(16) 7M (13) 1\i (11) 7M


(4) 7
(1) 7

6
6H
6*4
6^

(4) 7

(4) 7M

i15>
ii6)
,28)
(18)

6
6^j
6U
6^j

(4) 7

San
Francisco

(15)
(19)
(30)
(20)

6
6H
6M
6H

(4) 7

.
.
(18) 7^ (18) 7H (2) 1H
(4) 7H (16) 7H
(13)
IX (isj ?K (11) 7
(11) 7M (ii) m
(4) 7
(U) 7
(1) 7 (10) 7
(U 7
.

(l|> 7?M

Dallas

. .

. .

"!':::::

B. SPECIAL RATES TO NONMEMBER BANKS, 1939-46


[Per cent per annum. Figures in parentheses indicate day of month new rate became effective]

Boston

Year and month

1939__Aug
Sept

New
York

(25) 1
{

(1) 1

Anr

(29)....

(6)

Richmond

Cleveland i

(i) IH (i) IH
(21) 1

l942_Mar
1946--Mar.i
Apr 8

Philadelphia

(23)....

(ii) i

(1) 1H (1) 1H (1) 1


(16} 1

(14) 1

St.
Louis

(1) \tt
(16) 1

Minneapolis

Kansas
City

CD \*A

(1) 1H
eft! IH (16)
1

Dallas

(28) 1

( 9 ) . . . . ( 1 6 ) , , . . (16).... (16).... (16).,.. (23)....

1
A special rate (2)4 per cent) to lenders other than banks was in effect
until Apr. 10, 1942, when it was eliminated.

Digitized for FRASER


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

Atlanta Chicago

* Rate eliminated,

670

San
Francisco

(1) 1H
(4) 1

(iij'!"

(16)....

(is)!!!!

MONEY RATES AND SECURITIES MARKETS


12.3

FEDERAL RESERVE BANK RATES ON INDUSTRIAL LOANS AND COMMITMENTS, 1941-59


[Per cent per annum]
Boston

Effective date

New
York

Philadelphia

Cleveland

Richmond

St.
Louis

Atlanta Chicago

Minneapolis

Kansas
City

Dallas

4-6

4-6

San
Francisco

Rates to industrial or commercial businesses


1941

In effect Jan 1

1942

Mar 21
May 8
16
20
23
'?9

3%-6

4-6

3%-6

4-6

3%-5
214 5

2*4-5
2% 5

4-6

3-6 3%-5%

3-6

2%-5

2%-5

2%-5
2% 5

21A 5

3-5

15
20
23
26

3-5%

1957

1958

Apr B
20
Aug. 24
27
2H
31

Mar.
Apr
Aug.
Sept.
Oct

3-5%

3-5%

3%-5%

3-5%
.

...

May 27
June 5
17
Aug. 9
13
15
19
21
23
Nov 15
Jan

2J4-5

2H-5

3-5%

3-5%

1955 Sept. 9

1956

2% 5

2%-5

2^-5

2%-5

1948 Aug. 19
1953 jan

4-6

l%-6.

33/i-5%
3% 5%

4-5%

3-5%

3 }4-5%

3% 5%

4-6

3%-6

3%-6
33/4 6

4-6

3%-6

4-6

4^-6
33/4 5%

24
28
14
22
26
12
19
28

3% -5%

2%-6

4^6

3i 514
314 51^

3%-6

4-6

4-6

4-6

4-6

3%-6

4-6

3 5W
2*/4 5!/4

2% 5
2 ^-5 #
4-6
3W 5W

1959 Mar 16
May 29
June 2
12

4-6

4%-6

4%-6

4%-6

Rates to financing institutions on discounts or purchaseson portion for which financing institution is obligated
1941 in effect Jan I
Feb 1
Sept 27

1942 Mar. 21
May 8
16
23
29
1947

2-3

'2%
12

. . .

(3)

12
23
Aug. 13
19

i4

13-6

(4)

(4)

1-1%
2 A -5

(4)

(5)

1% 2

I %-2>4
2-2%

1953 Jan. 16 .

\y4 21/4

1955 Nov 22

2%-3

1956 Apr. 13
20
Aug. 28

3-5%

2^4 31A

1957Aug. 9

3%-6

3 3%

Nov 15

1958Jan. 24
For notes see following page.

Digitized for FRASER


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

3%-4
3 3%
(4)

671

(4)

(4)
(4)

\i/4-\y4

(4)

1950 Aug 23
1954 Feb

1-5
. . .

13-6

3-4

l%-2

(4)

()

l%-2
1

Nov 24

1948 Jan

(2)

(4)

MONEY RATES AND SECURITIES MARKETS


12.3

FEDERAL RESERVE BANK RATES ON INDUSTRIAL LOANS AND COMMITMENTS, 1941-59 - - Continued
[Per cent per annumj
Boston

Effective date

Philadelphia

New
York

Cleveland

Richmond

;
'
1
San
St.
Minne- ! Kansas Dallas FranLouis l apolis
City
ciseo

Atlanta Chicago

Rates to financing institutions on discounts r purchaseson remaining portion


(i.e., for which financing institution is not obligated)
1941 - In effect Jan i .
Feb. 1
1942

3'/2

May 16
23
29
June 6,

12-5

i 4-6

i 3-6

13-6

(6)

. .

...

()

(6)

<6>

14

2A 5

' C6)'

,'

...

":;::::

i 46

(6)

4~S

(6)

1-5

1947__Nov. 24.

1948

(6)

Aug 13

1956 Apr. 20

3-5V2 1

1957

31/2-6

Aug

Rates on commitments
1941_In effect Jan. 1
Feb 1 .
June 16.
1942

Mar 21
May 2
8
16
20.
23
29
June 6

1944 Oct.

1-2

Vi-l

H-2

A. 2

w-1

'l-2 j

1-2

'/2-2
1

II

:'

'

14-2

.. J

^ioU-ilii
: 10 1-1 14

!4 1 ii

It

Vz WA

i/=IV

l/A~\^/A

ioi/ii/

\A l lA

*-.'/,

. .

1 / 2

'

" " "

J4-IW

,j . . . . . . . .

1948 Jan. 12
14
Aug. 13
1953 Jan

16
20
23
July 3

1956 Apr 1 3
20
Aug. 27
28.
31

J4-H4

V4-1W
. .

uy4 iy4

K-.H

. .
.

i
'

vi-1%
1/2-1 %

1957 May 27
June 17
Aug. 9

/J

1958Jan. 24
28
Apr. 22
Aug. 26
Sept. 12
Oct. 28,

|13 1-1%

' ' 'i

1! IX =J|4

. .1

54 ji^ l

'1

1/

i j/

'

'*

"W-lVi

" " " i

,!
j

'

13 t _ l /2
1A

"

13 1 j 3^

'!

1 1/

'"YiAiiUv
i

131 114
131 1*A
13 1 - 1 *fc

. j

19 I/

vi-m

1 May charge same rate as charged borrower by financing institution,


if 2lower.
One per cent less than rate charged borrower by financing institution
with minimum of 3 per cent (see note 1).
34 One per cent less than rate charged borrower by financing institution.
Rate charged borrower less commitment rate.
5
Rate charged borrower but not to exceed I per cent above the discount
rate.
7 Same rate as borrower is charged.
One-half of 1 per cent less than rate charged borrower but not less
than 4 per cent (see note 1).
^ Minimum charge of one-fourth of I per cent.
9 Minimum charge of one-half of I per cent.

..|

"

; Li i U

U^ iU. '

' '

;
;

1959__Mar. 16

Digitized for FRASER


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

' '

' ' i/ iv

14 IIA

. . .

ji " . j

IV.

613 1 \IA

15
19.
21..
23
Nov. 15

u: u i

'
J23^

.\

io'u-iU %-!%

l
j '* "* i

'1

........;

10 Financing institution is charged one-fourth of 1 per cent on undisbursed portion of loan under commitment.
11 Minimum rate on direct loans to industrial and commercial businesses
was one-half of 1 per cent.
1
2 Financing instituio^i is charged one-half of 1 per cent an undisbursed
portion of loan under commitment.
13
Financing institution is charged 25 per cent of loan rate. Charge of
one-half of 1 per cent per annum is made on undisburscd portion. Rate
shown was applicable to direct loans to industrial and commercial
businesses.
NOTE.Section 13b of Federal Reserve Act was repealed effective
Aug. 21, 1959.

672

MONEY RATES AND SECURITIES MARKETS


12.4

MAXIMUM RATES ESTABLISHED BY THE BOARD OF GOVERNORS

A. MAXIMUM INTEREST RATES PAYABLE ON TIME AND SAVINGS DEPOSITS, 1933-70


[Per cent per annum]
Effective date
Type of deposit

Savings deposits held for:


1 year or more
Less than 1 year

Nov. 1,
1933

Feb. 1,
1935

Jan. 1,
1936

>

2^

2M

{ ;

4
3H

4
4

4
4

2H

2H

SH

4
3H

4
4

U
14

2M
2^
VA

2H
2
1

3
2H

Postal savings deposits


held for:
1 year or more
Less than 1 year
}
Other time deposits payable in:
1 year or more
6 months 1 year. . .
90 days 6 months . .
Less than 90 days. . .

i|

Jan. 1,
1957

Jan. 1,
1962

July 17,
1963

I;

Nov. 24,
1964

Dec. 6,
1965

4H

5K

5M

Effective date
Type of deposit
July 20,
1966

Sept. 26,
1966

Jan. 21,
1970

Apr 19,
1968

Savings deposits

Other time deposits:23


Multiple maturity:
30-89 days
90 days-1 year
1 year to 2 years . . . . .
2 years and over

VA

r ^
5M

Single-maturity:
Less than $100,000:
30 days to 1 year..
1 year to 2 years. . | 5H
2 years and over. . .
$100,000 and over:
30-59 days
60-89 days
90-179 days . ,
5M
ISOdaystol year..
1 year or more

I ;*

5M

ftIY*8

5H

5M

, ^
\6X

1
2

Closing date for the Postal Savings System was Mar. 28, 1966.
For exceptions with respect to certain foreign time deposits, see
BULLETINS for Oct. 1962, p. 1279; Aug. 1965, p. 1084; and Feb. 1968,
p. 3167.
Multiple-maturity time deposits include deposits that are automatically renewable at maturity without action by the depositor and deposits
that
are payable after written notice of withdrawal.
4
The rates in effect beginning Jan. 21 through June 23, 1970, were 6J^
per cent on maturities of 30-59 days and 6M per cent on maturities of
60-89 days. Effective June 24, 1970, maximum interest rates on these
maturities were suspended.
NOTE. Maximum rates that may be paid by member banks as established by the Board of Governors under provisions of Regulation. Q;
however, a member bank may not pay a rate in excess of the maximum
rate payable by State banks or trust companies on like deposits under
the laws of the State in which the member bank is located. Beginning
Feb. 1, 1936, maximum rates that may be paid by nonmember insured
commercial banks, as established by the FDIC, have been the same as
those in effect for member banks.

B, LOANS GUARANTEED UNDER REGULATION V, 1942-70


Feo payable to guaranteeing agency by financing institution
on guaranteed portion of loan
(percentage of interest on loan to be paid as guarantee fee)

Maximum rate financing institution may charge borrower


(per cent per annum)

Date established
Percentage of loan
guaranteed

60 or less
65
70
75
80
85
90
95
Over 95

Apr. 6,
1942

10-20
10-20
10-20
10-20
20-25
20-25
20-25
30-40
30-40

Dec. 30,
1942
10
15

20

i 25-30
30-50
30-50

Sept. 11,
1944

Sept. 27,
1950

10
10
10
10
10
15
20
30
50

10
10
10
15
20
25
30
35
40-50

- Range of 25-30 per cent on loans of more than $150,000; 25 per cent
on loans of $150,000 or less.
2 Maximum comtnitment fee that may be charged borrower by financing insititution was (1) one-fourth of 1 per cent per annum to be based
on average daily unused balance of the maximum principal amount of the
loan or (2) a flat fee of not to exceed $50.00 without regard to the amount
or maturity of the commitment.

Digitized for FRASER


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

673

Date established

Maximum
rate of
interest

Apr.
May
Aug.
Sept.

6,
12,
30,
11,

1942
1943
1943
1944

Sept.
May
Sept.
Oct.
June

27, 1950
15, 1957
27, 1966
27, 1969
4, 1970

5
6

Maximum
commitment fee

'!
V2

Except that the agency guaranteeing a loan may, from time to


time, prescribe a higher rate if it determines: beginning Oct. 27,
1969, that the loan is necessary in financing an essential defense
production contract, and beginning June 4, 1970, that such a
higher rate is necessary to obtain V-loan financing of a contract
or other operation essential to the national defense.
NOTE.In any case in which the rate of interest on the loan is in excess
of 6 per cent, the guarantee fee shall be computed as though the interest
rate were 6 per cent.

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY


A. ANNUALLY AND MONTHLY, 1941-70
[Averages of daily figures; per cent per annum j

Prime
coml.
paper,
4- to 6months

Period

1941
1942
1943
1944

. .

Finance
co. paper Prime
placed
bankers'
directly, accept3- to 6ances,
months 90 days

.53
66
.69
.73

Stock Exchange
call loans
Month
New

Renewal

.44
.44
.44
.44

.00
.00
.00
.00

KOO
.00
.00
.00

1945
1946
1947
1948
1949

.75
.81
1.03
1,44
1.49

.94
1,34
1.46

.44
.61
.87
1.11
1.13

.00
.16

:i!
.63

.00
.16
.38
55
'.63

1950
1951
1952
1953
1954

1,45
2.16
2.33
2.52
1.58

1.41
1.87
2.16
2.33
1.42

1.15
1.60
1,75
1.87
1.35

1.63
2.17
2.48
3.06
3.05

1.63
2.17
2.48
3,06
3.05

1955
1956
1957
1958
1959

2.18
3.31
3.81
2.46
3.97

1,97
3.06
3.55
2.12
3.82

1.71
2.64
3.45
2.04
3.49

3.20
4.08

3.85
2.97
3.26
3.55
3,97

3.54
2.68
3.07
3.40
3.83

3.51
2.81
3.01
3.36
3.77

4. 99
4. 50
4. 50
4. 50
4. 50

4.38
5.55
5.10
5.90
7.83

4.27
5.42
4.89
5.69
7.16

4.22
5.36
4.75
5.75
7.61

4. 69
5. 78
5. 67
6. 31
7, 96

7.72

7.23

7.31

7. 95

1960
1961
1962
1963
1964
1965
1966
1967
1968
1969

. . . .

. . .

1970
1944.= jan
Feb
Mar, .. .
Apr
May
June
July.
Aug..
Sept
Oct
Nov.
Dec

56
56
56
56
56
.54
.50
.50
.50
,50
.50
.55

1942 Jan
Feb.
Mar
Apr
May . . . . . .
June
July
Aug.
Sept.
Oct.
Nov.
Dec

.59
.63
.63
.63
.63
.67
.69

1943 Jan.
Feb
Mar
Apr.
May
June
July

.44

1.00
T

4. 50
3. 72
4. 22

3.20
4.03

1.00

1949- Jan.
Feb.
Mar
Apr,
May
June
July
. .
Aug.
Sent.
Oct.......
Nov.
Dee.

. ..

Scot
Oct
Nov.
Dec.
. ..

Digitized for FRASER


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

.1
72
.75
.75

1947 Jan
Feb.
Mar
Apr
May
June . 4 .
July
Aug.
Sept
Oct.
Nov
Dec.
1948 Jan.
Feb
Mar.
Apr
May
June.
July........
Aug
Sept.... . . . .
Oct
Nov
Dec.

. ..

.44

1
1.00

1.00

.75

.44

Stock Exchange
eo 11 loans

New

Renewal

1.00
j

1. 00

1. 10

1. 8

1.00
1.38

1945 Jan..
Feb.
Ma r
Apr
May
June
July
Aug.
Sept
Oct,
Nov.
Dec
1946- Jan
Feb
Mar. ..
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec.

A lit!

1944Jan.
Feb,
Mar
Apr
May
June

1944 July
Aug.
Sept
Oct
Nov. .
Dee

Finance
co. paper Prime
placed
bankers*
directly, accept3- to 6ances,
months 90 days

Prime
coml.
paper,
4- to 6months

19 50 Jan
Feb.
Mar
..
Apr. . . . . . .
May
June
July
.
Aug.
Sept
Oct
Nov.
Dee.

674

,44
.48
.50
.61
.73
.81

.^5
.77
.81
.81
,89
.94
1.00

1.00
1.02
1.06
1.10
1.22

.88
.91
1.08
1.13
1.22

.81
.84
.94
.94
.94
1.05

1*
1.38
1.45

i.L

1.30
1.38

1.25

1.06

1 . 50

1.50

i
*

i.L

1.47
1.54
1 . 56
T

i.L
1.43
1,38
1.38
1.38
1.33

1.25
1.38
1.50

1.06
1.14
1.19

1.50
1.43
1.38
T

..I

1.45

1,56
1.63

1/50
1,56
1.63

i.L

1.63

1. 9
1.07
1.06

1.31

,ii

.42
.65
,72
.69
.72

i.
1.38
1.40
1.50
1.50
1.50

1.06
1.16
1.31
1.31
1.31
1.31

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY Continued


A. ANNUALLY AND MONTHLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Prime
coml.
paper,
4- to 6months

Month

1951 Jan
Feb
Mar..
Apr
May . .

July.
Sent
Oct
Nov
Deo

1952Jan
Feb. . .
Mar. . . . . . .
Apr. . . ,
May
July
AUK .
Sept
Oct. . , ,
Nov
Dec , . .
1953 Jan
Feb
Mar

2.25
2.36

2.38
2.38
2.38
2.35
2.31
t

2.25
2.25
2.25
2,15
2.13
T

1.75

2.45
2.38

2.45
2.38

2.1*

2.38
2.55
2.63

2.55
2,63

1.75

2.44
2.67
2.75
2.75
2,75
2.74
2,55
2.31
2.25

ai,
2.25

1.82
1.88

2.32
2.42
2.50
2.50
2.50
2.50
2.35
2.13
2.13

1.25

1.25

1955 Jan ...


Feb
Mar
Apr
May
June . . . . . .
July
AUK
Sept
Oct
Nov
Dec

.47
.68
.69
1.90
2.00
2.00
2.11
2.33
2.54
2.70
2.81
2.99

.37
.50
.50
.73
.88
.82
.87
2.02
2.28
2.46
2.53
2.80

.33
.38
.38
.43
.50
.50
.50
.67
2.08
2.23
2.17
2.43

1956 jan
Feb
Mar.
Apr
May
June
July

3.00
3.00
3.00
3.14
3.27
3.38
3.27
3.28
3.50
3.63

2.88
2.88
2.88
2.93
3.00
3.00
2.94
3.01
3.13
3.37
3.38
T

2.45
2.38
2.38
2.44
2.50
2.45
2.43
2.65
2.88
2.88
3.05
3.35

3.1
3.48

3.38
3.38
3.27
3.20
3.25
3.36

Jan
Feb
Mar
Apr
May
June

3.L
3.79

Digitized for FRASER


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

2.63
2.89
3,21
3.25

2.63
2.89
3.21
3.25

May .'.'."!!!
June
July
Aug
Scot
Oct
Nov
Dec.

1957

2.00
2.00
2.00
2.00
2.13
2.25
T

2.25
2.36

1.88
1.68
1.48
1.25

AUG

2.00
2.00
2.00
2.00
2.13
2.25
T

1.63
1.68

2.06
.78
.58
.50
.38
.31
.25
T

Sept
Oct
Nov
Dec

Renewal

1.37
1.50
1.61
1.63

Prime
coml.
paper,
4- to 6months

Month
New

.63
.63
.63
.75
.75
.99
2.00
2.00
2.00
2.00
2.00
2.06

2.11
2.00
2.00
.76
.58
.56
.45
.33
.31
.31
.31
,31

1954Jan
Feb
Mar

Stock Exchange
call loans

1.86
1.96
2.04
2.11
2.16
2.31
2.31
2.26
2.19
2.22
2.25
2.30

ait
2.36

May ......
June
July
AUK .
Sept
Oct .
Nov
Dec

Finance
co. paper Prime
bankers'
placed
directly, accept3- to 6ances,
months 90 days

3.25

3.1
3.01
3.34
3.40
3.50
3.55
3.63

3.63
3.63
3.63
4.00
4.00
4.00
4.00
4.18
4.50
T

3.63
3.63
3.63
3.94
4.00
4.00
4.00
4.14
4.38

4.50

Renewal

3.63
3.63
3.82
3.88
3.79
3.55

3.38
3.78
3.83
3.75
3.50
3.35

4.50

1958 Jan
Feb
Mar
Apr
May
June
July ...
Aug
Sent . .
Oct
Nov .
Dec

3.49
2.63
2.33
1.90
1.71
1.54
1.50
1.96
2.93
3.23
3.08
3.33

3.23
2.18
1.86
1.59
1.38
1.38
1.31
1.52
2.47
2.87
2.75
2.94

3.06
2.30
1.80
1.52
1.30
1.13
1.13
1.65
2.39
2.75
2.75
2.75

4.27
3.88
3.88
3.76
3.50
3.50
3.50
3.50
3.65
3.75
T

1959 Jan
Feb
Mar
Apr
May
June
July . .
Aug
Sect .
Oct
Nov
Dec

3.30
3.26
3.35
3,42
3.56
3.83
3.98
3.97
4.63
4.73
4.67
4.88

3.05
3.00
3.22
3.36
3.44
3.66
3.81
3.87
4.52
4.70
4.38
4.82

2.75
2.75
2.88
2.98
3.17
3.31
3.45
3.56
4.07
4,25
4.25
4.47

I960 Jan
Feb
Mar
Apr. . .
May
June.
July . .
Aug
Sent . . .
Oct
Nov
Dec

4.91
4.66
4.49
4.16
4.25
3.81
3,39
3.34
3.39
3,30
3.28
3.23

5.02
4.50
4.16
3.74
3.88
3.24
2.98
2.94
3.13
3.11
2.91
2.97

4.78
4.44
3.96
3.88
3.78
3.28
3.13
3.04
3.00
3.00
3.00
2.92

1961Jan
Feb
Mar
Apr
May
June. . , ,
July . .
AUK .
Sept
Oct
Nov ..
Dec

2.98
3.03
3.03
2.91
2.76
2.91
2.72
2.92
3.05
3.00
2.98
3.19

2.78
2.65
2.76
2.58
2.50
2.66
2.50
2.64
2.68
2.79
2.74
2,93

2.86
2.78
2.94
2.84
2.68
2.75
2.75
2.81
2.84
2.75
2,75
2.87

1962 Jan
Feb
Mar
Apr
May
June
July
Auc
Sept
Oct
Nov
Dec

3.26
3.22
3.25
3.20
3.16
3,25
3.36
3.30
3.34
3.27
3.23
3.29

3.05
3.00
3.02
3.09
2.95
3.02
3.20
3.12
3.13
3.04
3.08
3.16

3.00
3.00
3.00
3.00
2.91
2.90
3.07
3.11
3.09
3.03
3.00
3.00

1963

3.34
3.25
3.34
3.32
3.25
3.38
3.49
3.72
3.88
3.88
3.88
3.96

3.18
3.13
3.15
3.17
3.15
3.21
3.35
3.57
3.63
3.72
3.75
3.84

3.07
3.13
3.13
3.13
3.13
3.24
3.41
3.59
3.63
3.63
3.71
3.63

4. 50
4. 50
4, 50
4, 50

New

3.88
3.98
4.00
4.10
4.07
3.81

3.00
3.01
3.34
3.40
3.50
3.55
3.63

Stock Exchange
call loans

1957 July
Auz
Scot
Oct
Nov
Dec ...

3.25
3.13
3.00

3.13
3.00

Finance
co. paper Prime
bankers'
placed
directly, accept3- to 6ances,
months 90 days

4.38

675

Jan
Febl
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

. ...

4.1

3.15
3.96
4.19
4.25
4.25
4.75
4.75
4.75
4.75
5.41
5.50
5.50
5.50
5.11
5.00
5.00
4.85
4.50
T

4.1

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITYContinued


A. ANNUALLY AND MONTHLY, mi-70Continued
[Averages of daily figures; per cent per annum]

_-

Month

Prime
com I.
paper
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

3.97
3.88
4.00
3.91
3,89
4.00
3.96
3.88
3.89
4.00
4.02
4.17

3.82
3.76
3.83
3.80
3.76
3.88
3.81
3.76
3.75
3.91
3.89
3.98

4.25
4.27
4.38

4.05
4.12
4.25

*
Prime
bankers
acceptances,
90 days

CD's,
3
months
(sec. 1
mkt.)

Stock
EuroExchange
dollars, call
loans,
3
months 1 i going
rate

1964
Jan
Feb
Mar,,...
Apr
May
June. . . ,
July
Aug
Sept. . . . .
Get
Nov.. . . .
Doe

3.75
3.79
4.00

4.02
4^03
4.23
4.20
4.21
4.34
4.32
4.25
4.24
4.50
4.45
4.89

4.00
4.10
4.15
4.19
4.25
4.25
4.22
4.14
4.25
4.25
4.25
4.55

4.13
4.21
4.27
4.28
4.32
4.31
4.30
4.29
4.34
4.45
4.49
4.75

4.58
4.51
4.88
4.81
4.90
4.99
4.76
4.59
4.50
5.00
5.04
5.44

4 SO
4^50

i
4.38

4.65

4.25
4.32
4.38
4.60

i
4.50
4.55
4.75

July.
Aug,....
Sept....
Oct.....
Nov
Dee

5.00
5.07
5.28
5.56

4.70
4.75
4.77
4.96
5.17
5.43

4 58
4^77
4.76
4.88
4.98
5.43

4 97
4^94
4.91
5.19
5.38
5.62

5 22
5.10
5.17
5.60
6.08
6.3,?

5.50
5.50
5.68
6.00

5.60
5.50
5.64
5.81
6.18
6.25
6.19
5.88
5.82
5.80
5.92
6.17

5.46
5.25
5.40
5.60
5.99
6.04
6.02
5.74
5.61
5.59
5.75
5.86

5.40
5.23
5.50
5.75
6.04
5.96
5.85
5.66
5.63
5.79
5.97
6.20

5.50
5.35
5.60
5.77
6.13
6.13
6.01
5.84
5.79
5.90
6.05
6.29

5.91
5.48
6.32
6.20
6.80
6.87
6,39
6.02
5.92
6.45
6.82
7 JO

6.00
6.00
6.00
6.18
6.50
6.50
6.50
6.50
6.50
6.26
6.25
6.50

6.53
6.62
6.82
7.04
7.35
8.23
8 65
8.33
8.48
8.56
8.46
8.84

6.14
6.33
6.38
6.38
6.54
7.25
7 89
7.71
7.61
7.86
7.92
7.93

6 46
6.47
6.66
6.86
7.38
7 99
8^39
8.04
8.14
8 17
8.18
8.58 '

6.50
6.51
6.63
8.01
8 75
8.42
8.48
8.64
8.46
8.71

7.45
8,05
8,48
8.41
9.48
11.10
10.89
10.69
11.10
9 . 96
10.44
1 1 .09

7 . 00
7.00
7.26
7.50
7.50
8.31
8.50

8 78
8.55
8.33
8.06
8.23
8.21
8.29
7.90
7.32
6.85
6.30
5.73

8 14
8.01
7.68
7.26
7.43
7.55
7.64
7. 48
7.12
6.76 i
6.16
5.48

8.64 i
8.30
7.60
7.54
8.02
7.78
7.61
7.20
7.03
6.54
5.79
5.62

8 91
8.54
8.18
7.30
8.00
8.09
8.03
7.78
7.37
6.81
6.17
5.64

4 92

sloo

4.75
5.00

4 82
4.88
5.21
5 38
5.39
5.51
5.63
5.85
5.89
6 00
6.00
6,00

4 82
4.88
5.02
5.25
5.38
5.39
5.51
5.63
5.67
5 82
5.88
5.88

4 75
4.86
4.96
5.00
5.18
5.39
5.58
5.67
5.75
5 72
5.67
5.60

4.93
5.03
5.17
5.25
5.36
5.48
5.61
5.71
5.88
5 83
5.76
5.67

5.23
5.37
5.63
5,75
5.73
5.85
6.32
6.54
6.69
6.83
6.79
6.73

5 07
5.25
5.41
5.50
5.50
5.52
6.00
6.12
6.25
6 25
6.25
6.25

5.73
5.38
5.24
4.83
4.67
4,65

5.50
5.19
5.01
4.57
4.41
4.40

5.23
4.88
4,68
4.29
4.27
4.40

5.47
5.19
5.01
4.44
4.48
4.64

5.91
5.50
5.47
4.92
4.88
5.34

6.20
5.75
5.75
5.75
5.50
5.50

Jan
Feb
Mar.....
Apr.....
May. . . .
June
July
lAug
Sept.....
Oct
Nov.....
Dec

Jan.
Feb
Mar.....
Apr.. . . .
May. . . .
June. . . .
July. . . .
Aug
Sept
Oct
Nov
Dee.....

1964..
1965..
1966..
1967..
1968..
1969..
1970..

Digitized for FRASER


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

6. HO
7.29

1970
Jan
Feb
Mar
Apr.. . . .
May.,..
June. . . .
July. . ..
Aug .
i Sept
Oct
Nov. . . .
Dec

Annual rates for CD's and for Euro-dollars, each of which series begins in 1964, areas follows:

CD's
.3.91
.4.35
.5.47
.5.02
.5.86
.7.77
.7.57

S <i0

s!so

1969

1967
Jan
Feb.....
Mar
Apr
May....
June. . . .

CD's,
Stock
FUTO3
tixchunge
dolkirs, f call
months
loans,
3 1
(sec.
8iK
mkt.) 1 1j numih.s
rate

1968

1966
Jan.
Feb
Mar
Apr
May. . . .
June, . . .
July
Aug
Sept
Oet
Nov
Dec

Month

1967
3 90
3^84
3.93
3.89
3.82
3.85
3.86
3.86
3.87
3.93
3.99
4.12

3 70
3>5
3.75
3.80
3.75

1965
Jan
Feb. . . . .
Mar
Apr
May. . . .
June. . . .
July
Aug
Sept
Get
Nov
Dee

1
Finance
Prime co.
Prime
paper
co ml.
placed 1 bankers
paper, ' directly,
i accept4- to 6ances,
3- to 6- 90
months
days
months

Eurodollars
4.31
4.83
6.12
5.46
6.36
9.76
8.51

676

9 96
9.37 i
H,H8
8,36
8,84
9,39
8.76
8.19
8,03
7.94 1
7.17
7.25

t\
8*50
8.40
8.00
8.00
8.00
8.00
8,00
7 . 90
7,75
7.40
6.92

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY Continued


B. WEEKLY, 1941-70
[Averages of daily figures; per cent per annum]

Week ending

Prime
coml.
paper,
4- to 6months

1941 Jan. 4
11
18
25

56

Feb. I
8
15...
22

Week ending

Prime
coml.
paper,
4- to 6months

Week ending

1942 Jan. 3. . . .
10
17
24
31....

.56
.56
.56
.61
.63

1943_Jan. 2
9
16
23
30....

Prime
coml.
paper,
4- toemonths
.69

Week ending

1944jan. i
8....
15
22....
29....

Prime
coml.
paper,
4- to 6mon.ths
.69
t

Week ending

1945 Jan. 6
13...,
20....
27....

Feb. 5 . . . .
12
19....
26..,.

Mar. 7
14
21
28

Mar. 6
13....
20
27. ..

Mar. 4
11....
18....
25

Apr, 5
12.
19
26

Apr. 4. ...
11. .
18
25. .

Apr. 3
10 . .
17
24. ..

May 3
10
17
24

May 2
9
16
23....
30

May 1
8....
15
22....
29

Apr. 1
8
15
22
29.....

.63
.68
.69
t

June 5 * .
12
19, ,.
26

June 3. ...
10
17
24. . . .

June 2
9
16....
23
30....

July 3. ..
10
17
24. ..
31....

July 1
8
15
22
29....

July 7
14....
21....
28

Mar. 1
8
15
22
29

;j 1

June 7. .
][4
21
28

,56
.55
.50

July 5
12:::::::
19
26

June 6.
13
20
27
July 4
II....
18
25. .

May 6 . . . .
13
20....
27,...

Aug. 2
9. ...
16
23
30...

Aug. 1 . . . .
15....
22
29. .

Aug 7 .
14....
21. ,.
28 . .

Aug. 5
12....
19
26 ...

Scot, 6

Sept.
5
P
12....
19
26

Sept. 4. ...
11....
18
25 ..

Oct. 3 . . . .
10. ..
17....
24
31....

Oct. 2 . . . .
9 ..
16....
23
30....

Sept. 2
9....
16
23
30....

Nov. 7
14
21
28. .

Nov. 6
13
20
27

.50
.56
.56
.56

Dec. 5 . . . .
12....
19
26

Dec. 4. ...
11....
18
25

u:::::..
20
27

Oct. 4

18
2!i

Nov. 1
8
15
22
29.
Dec. 6
13
20
27....

Digitized for FRASER


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

.69

677

.69
.74
.75

.69

Apr. 7
14....
21....
28
May 5
12....
19....
26....

Aug. 4
11....
18....
25
Sept. 1 . . . .
15....
22....
29

Oct. 6 . . . .
13
20. ...
27
Nov. 3
10....
17,...
24

Nov. 4
11
18
25
Dec. 2 . . . .
9....
16
23
30....

Mar. 3 . . . .
10....
17...,
24....
31....

Oct. 7
14....
21
28....

..

.75

Feb. 3 . . . .
10....
17
24....

Feb. 6
13
20
27....

Feb. 7
14
21
28....

Prime
coml.
paper
4- to 6months

.75

Dec. 1 , . . .
8....
15....
22
29

.75

MONEY RATES AND SECURITIES MARKETS


12-5 SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY Continued
B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Week ending

1946Jan. 5
12....
19
26.

Prime
com),
paper
4- to 6months

Finance
co. paper Prime
placed
bankers'
directly,
accept3- to 6ances,
months 90 days

,44

75

Week endingNew

Renewal

1.00

1.00

Feb. 2
9....
16
23

1 947 Mar. 1
g
15
22
29. , ..

!?:::::

31. . ..

June 7
14.
21
28.

.44
.46
.50

July 5
12
19
26.

Aug 2.
9

,75
.81

:::*:. ':

30. . ..

.50
.69
.69
.69
.69
.69
.74
.81

.i.

1.00

1.15
1.38

1.15
1,38

Digitized for FRASER


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

Sept 6
13
20
27

.io
1.05

Oct 4
11

1.06

18.
25

Nov 1.
g
15
29

,81
.94

20.

1.13
1.25
1.25
1,25

10
17.
24

..

1.25
1.25
1.31
1.31
1.33

Feb 7. . .*.

1.38

Dec 6
13

1948 jan
.94
97

27
3.
31.

1 00

14

21
28. . ..

.88

.94
.88
.98

1.00
1.00
1 13

1.06
1.13
1.13

22

1947Jan. 4.
11.
18.
25.

Feb. 1.
8.
15.
22.

i
.91

16. . ,.

23.

Sept. 7 ....
14....
21
28 . . . .

Dec 7 . . .
14
21
28

24

Aug. 3
10.,..
17....
24
31

Nov. 2
9
16.,..
23
30 .

..38

May 3

June 1 ....
8
15....
22....
29....

Oct. 5
12
19
26

1.38

19

,!::::

,!::::

.81
1

Renewal

12.

18....
25 . . . .

20
27

.88

New

26.

Apr. 6. . , .
13 .
20 ....
27 , . . .

July

1.00

Stock Exchange
call leans

Apr. 5

Mar, 2. . . .
9
16
23
30....

May

Finance
Prime co. paper Prime
coml.
placed
bankers'
paper,
directly, accept4- to 6- 3-to6ances,
months months 90 days

Stock Exchange
call loans

i
.94
1 3
1 25

1.38
1.43
1.50

,.L

1.50

1.03
1.06

i
i

1.38
1.43
1.50

Mar 6.
13

20

27.

.I

.88

.81

1
1.38

Apr 3.
10

1.38

17.
24.

678

.i.

1.25

1.50

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY Continued


B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Week ending

1948 May 1
8. .,.
15
22....
29

Prime
coml.
paper,
4- to 6months
1. 38

Finance
Prime
co. paper
placed
bankers'
directly, accept3- to 6ances,
months 90 days
1 25

1 06

Stock Exchange
call loans
Week ending
New

Renewal

1 50

I. 50

1949July 2
9
16
23
30. . ..

June 5 . . . .
12....
19
26....

Aug

July 3
10....
17
24
31

Sept. 3
10
17
24

Aur

27

iJ::::
21

38
48
50
50

Sept. 4. . . ,
11
18....
25

50
50
56

28 ....

if20 ::::::

06
09
19

1 25
1 45
1 50

50
60
63

50
60
63

1. 56

Finance
co. paper Prime
placed
bankers'
directly, accept3- to 6ances,
months 90 days
1. 50

1. 19
1. 06

Stock Exchange
call loans

New
I. 53

Renewal
63
[

56
45
38
1 50
1 45
1 38

Oct. 1
8
15
22
29
Nov 5 . .
12
19
26

Oct. 2 . . . .
9
16....
23
30

Dec. 3
10 . .
17
24. ...
31 .-

Nov. 6
13
20
27.,.,

38
31

1950Jan. 7
14
21
28

Dec. 4
11
1
21)

Feb. 4
11. . . .
18
25

1949 Jan. 1 . . . .
8
IS
22
29 . . . .

Mar. 4
11
18
25
Apr. 1.

8.:.:.....

Feb. 5
12
19
26

15
22
29

Mar. 5
12
19
26

May 6
13
20
27

Apr. 2
9
16
23
30

June 3
10. .
17
24

May 7
14
21
28

15
22
29

June 4. ...
11
18
25

Prime
coml.
paper,
4- to 6months

July i1 . . . . . .
ju.y

i..i >6

Digitized for FRASER


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

50

19

\
1. 53

,
1. 53

679

AUK 5
12::::::
19 .
26

1. JI
1. 56

1. )8

)6
,{
i.:11

,.i

>3

1. S3

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY

Continued

B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]
I

Week ending

Prime
com I,
paper,
4- to 6months

Finance
co. paper
Prime
placed
bankers'
directly, accept3- to 6ances,
months 90 days

1950Sept. 2.
9.
16.
23.
30.

1,63
1.63
.63
.63
.73

1.38
1.38
1.38
1.38
1.48

Oct. 7.
14.
21.
28.

.75
.75
.73
1.69

1.50

Nov. 4.
11.
18.
25.

Dec. 2.
9.

1.31

Stock Exchange
call loans
Week endingNew

| Renewal

1.63

1.63

1951-^Nov. 3
10
17
24.

Dec. 1...
8...
15...
22...
29...

Feb. 3.
10.
17.
24.

1.94
1,94
1.94
2.00

1.48
1.50
1.50
1.50

Apr. 5.

Mar. 3.
10.
17.
24.
31.

2.00
2.00
2.05
2.06
2.06

1.50
1.60
1.63

May 3.
10.
17.
24.
31.

Apr. 7.
14.
21.
28.

2.06
2.11
2.13
2,13

May 5.
12.
19.
26.

2.13
2.13
2.16
2.19

June 2.
9.
16.
23.
30.

2.25
2.31

1.50
1.63

1.63

1.63
1.31

1.36
1.38
1.38

2.00

19......
26......

1.75

2.25

;1

2.25

2.25
2.45
2.50
2.50
2.50
2.50
2.40
2.38

2 38
2.36
231

2.25
2.13

June 7

14

21
28

1.75
2.00

July 5.
12.
19.
26.

2,00
2.15
2.25

2*00
2.15
2.25

Aug. 2.
9.
16.
23,
30.

2. 8
2.60
2.33

2.38
2.60
2.63

2,63

2.63

Sept. 6.
13.
20.
27.

Oct. 4.
11.

2*.
2.19

25

Nov. 1 . . . . . .

Sept.!.
8.
15.
22.
29.

Digitized for FRASER


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

2.00
2.25

Mar. 1.
8.
15.
22.
29,

2.00

July 7.
14.
21.
28.

Oct. 6.
13.
20.
27.

225
2 33
238

1.63

' Renewal

Feb. 2.
9.
16.
23.

i)

1.75
1.75
1,94
1.94

Aug. 4,
11.
18.
25.

2.00

New

'
*.

30.

2.25

Stock Exchange
call loans

!;

1951Jan. 6,
13.
20.
27.

23.

Finance
co. paper
Prime
placed , bankers'
directly, , j accept- ,
anees,
3- to 6months 90 days

1952Jan. 5.

1.70
1.75
1,75

16.

Prime
com),
paper
4- to 6months

15
22
29

2.19
2.21
2.25

2.00

1.63

2.25

Dec. 6 . . . . .
13.....
20
27.....

2,25

680

2.31

2,13

1.75

MONEY RATES AND SECURITIES MARKETS


12,5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY Continued


B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Week ending

1953 Jan. 3
10....
17
24....
31

Prime
coml,
paper,
4- to 6months

2.31

Finance
co. paper Prime
placed
bankers'
directly, accept3- to 6ances,
months 90 days

2.13

2.13

Mar. 7 . . . .
14
21,...
28 . . . .

2.31
2.38
2,38
2.38

2.25

Apr

-it:;:::
18
25 . . . . .

2.38
2.38
2.43
2.50

2.25
2.33
2.38

May 2. . . ..
9. ...
16. ...
23
30

2.55
2.63
2.69
2.69
2.69

2.38
2.38
2.38
2.45
2.50

June 6 . . . .
13....
20....
27

2.75

Prime
coml.
paper
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

Prime
bankers*
acceptances,
90 days

t954_Mar. 6
13 . . .
20
27 . .

2.00
2.00
2.00
2.00

1.68
1.63
1.58
1.50

Apr 3 . . . .
10
17
24

2.00
1.88
1.69
1.69

1.69
1.64
1.56

.50
.40
.38
.38
.38

Week ending
New

2.63

Renewal

-:

2.63

Feb. 7
14
21
28 . . . .

July

1.75
1.75
1.78
1.88

Stock Exchange
call loans

May 1
8 ...
15
22 . . . .
29

2.63
2.78
2.88
3.00

2.63
2.78
2.88
3.00

June 5
12
19
26 . . : . .

3.13
3.13
3.25

3.13
3.13
3.25

July 3
10
17
24
31

.56
.45
.38
.38

Aug.

.38
.31

7
14
21
28

18....
25

,?::::

Sept 4
11
18
25

Aug. 1 . . . .
8
15....
22
29 . . . .

Oct. 2
9
16
23
30

Sep..!-...

Nov. 6
13
20
27

19....
26....

2.75

Oct. 3 . . . .
10
17....
24
31

2.70
2.69
2.52
2.50
2.45

2.50
2,43
2.38
2.28
2.25

Nov. 7
14
21
28 . . . .

2.38
2.38
2.25
T

2.16
2.13

Dec. 5 . . . .
12
19
26

Dec 4
11
18
25

Feb. 5
12
19
26

1954 Jan. 2
9
16....
23.. .,
30

2.25
2.20
2.13
2.13
2.00

2.13
1 .88

1.88

Feb. 6 . . . .
13
20
27

2.00
2.00
2.00
2.00

1.88
1.75
1.75
1.75

1.83
1.63
1.63
1.63

Digitized for FRASER


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

Mar. 5
12
19
26

3.1

3.1

681

Apr. 2
9
16
23
30

New

Renewal

1.63
1.63
1.55
1.25

3.25
3.25
3.10
3.00

3.25
3.25
3.10
3.00

3.00

3.00

.38
.38
.28
.25
*

.
. .

. .
...

1955 Jan. 1
8
15
22
29

Stock Exchange
call loans

...

.31
1.39
.54
.60

1.25
.45
1.50

.66
.69

1.25
1.30
1.38

1.69
.74
.81
.86
.94
.99

i
.50
.59
.73
.75
.85

i
1.38
1.48
1,50

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY - Continued


B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Week ending

1955 -May 7.
14.
21.
28.

Prime
eoml.
paper,
4- to 6months

2.00

Finance
eo. paper
placed
directly,
3- to 6months

1.88
1.88
1.88
1.88

Prime
bankers'
acceptances,
90 days

1.50

2.29
2.31
2.31
2.35

1.98
2.00
2.00
2.00

1.53
1.63
1.68
1.75

Sept. 3.
10.
17.
24.

2.48
2.50
2.55
2.56

2.20
2.25
2.25
2.30

1.85
2.00
2.13
2.13

8.
15.
22.
29,

2.58
2.63
2,66
2.74
2.75

2.31
2.38
2.45
2.50
2.50

2.13
2.20
2.25
2.25
2,25

Nov. 5 .
12.
19.
26.

2.75
2.75
2.81
2.86

2.50
2.50
2.50
2.56

2.13
2.13
2.13
2.25

Dec. 3.
10.
17.
24.
31.

2.88
3.00

2.63
2.70
2.84
2.88

2.25
2,35
2.48
2.50
2.50

Oct.

1.

3.00

.88
.88

3.00
3.03

l.SO

3.25
3.35
3.38

Feb. 4.
11.
18.
25.

3,38

3.38

3.48
3.50

3.48
3.50

3.50
3.63

3.50
3.63

3.63

3.63

4.00

3.88
3.88
4.00

3.38
3.38
3.38
3.38
3.38

30.

Digitized for FRASER


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

3.00

Sept. 1.
8.
15.
22.
29.

3.38
3.50
3.50
3,50
3.50,

3.13
3.13
3.13
3.13
3.15

2.85
2.88

Oct. 6.
13.
20.
27.

3.63

3.35
3.38

2.38
2.50

Nev/

j Renewal

400

4,00

400
35

4.00
4.25

50

38

2.88
3.06
3.13
3.19
3.26
3.38

4.38

4, SO

4.50
3.38
3.18
3.13
3.13
3.18
3.25

May 4.
11.
18.
25.
June 1
8
15,..,..
22
29......

3.63
3,70
3.75
3.85
3.88

Aug. 3
10.....
17....,
24.....
31

4.00

682

3.38
3.40
3.55
3,59

3.25
3.30
3.38

3.63

July 6 . . . . .
13.....
20
27.....

2.50
2,40
2.38

Stock Exchange
call loans

1957^ Jan. 5.
12.
19.
26.

3.25

2.50
2.50
2.60
2.73

Apr. 6.
13.
20.
27.

June 2.
9.
16.
23.

2,94
2.94
2.90
3.10

30

3.00
3.05
3.25

19.
26.

3.19
3.19
3.25
3.35

Mar. 2
9
16
23

Apr. 7.
14.
21,

18.
25,

Feb. 2
9
16
23

Mar. 3 .
10.
17.
24.
31.

28.

2.38
2.38
2.43
2.50

3.34
3.31

Dec. 1.
8,
15.
22.
29.

2.88
2.98
3.00

2.97
2.94
2.94
2.94

Prime
comt.
paper,
4- to 6months

Nov. 3.
10.
17.
24.

2.50
2.50
2.45
2.38

1956 -Jan. 7.
14.
21.
28.

3.29
3.19

1956^July 7.
14.
21.
28.

.81

20.
27.

Aug.6.

3.00

AU..4.

.81

16.
23.
30.

I Renewal

.81

2.00
2.05
2.06
2.14
2.19

July 2.

Prime
bankers'
acceptances,
90 days

Week ending
New

1,88
1.83

June 4.
II.
18.
25.

Finance
eo, paper
placed
directly,
3- to 6months

Stock Exchange
call loans

3.88
3.95
4.00
4,00
4.00

3,63

3.38
3.53
3.90
3.98
3.88

4.50

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY Continued


B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Week ending-

Prime
coml.
paper,
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months
3 66
3 83
3 gg

Prime
bankers'
acceptances,
90 days

Stock
Exchange
call loans,
going
rate

3 88
3 88
3 85
3 75

4 50
T

1957 Sept 7
14
21
23

400
400
400
400

Oct. 5
12
19
26

4.00
409
4 13
4.13

Nov 2
9
16
23
30

4.13
4 13
4.13
404
400

3 88
3 75
3 66

375
3 66
3 56
3 38
3 38

Dec 7
14
21
28

3.93
3 81
3 75
3 75

3 63
3 58
3 50
3 50

3 38
3 33
3 33
3 38

1958Jan. 4
11
13
25

3.75
3 68
3 55
3 40

3.50
3 43
3 38
3 13

3.34
3 25
3 13
298

Feb. 1
3
15
22

3.23
2 83
263
2 63

2.90
243
2 19
2 13

2.78
243
2 38
2 35

Mar. 1
8
15
22
29

2.45
2 38
2 38
2 38
223

1.98
1 88
1 88
1 gg
1 83

2.08
1 88
1 88
1 88
1 63

Apr, 5
12
19
26

2.13
200
1 88
1 75

1.75
1 74
1 63
1 40

1.63
1 63
1 58
1 38

May 3

1.75
1 75
1 75
1 70
1 63

1.38
I

1.38
1 38
1 38
1 28
1 13

10

17
24
31

June 7
14
21
28

1
1

Finance
co. paper
placed
directly,
3- to 6months

Nov 1
8
15
22
29

3 15
3 13
300
308
3 13

2 88
2.75
2 75
2.75
2 75

Dec 6
13
20
27

3 20
3,38
3.38
3.38

2 75
298
3.00
3 00

3
10
17
24
31

3.31
3.25
3.25
3 33
3,38

3.00
3,00
3.00
3 10
3 13

Feb 7
14
21
28

3.30
3 25
3.25
3 25

3.00
3 00
3 00
3 00

1
275

Mar 7
14
21
28

3.28
3 38
t

3 00
3 25
3 31
3 31

2.80
298
2,88
288

Apr 4
11
18
25

1
338
3.48

3 31
3 31
3 31
3.41

288
2.88
298
3.05

May 2
9
16
23
30

3 50
3,50
3 50
3.63
3.63

3 44

3 13
3.13
3 13
3.20
3.25

June 6
13
20
27

3 75
3,81
3.88
3 88

3 44
3.51
3 81
t

325
3.25
3 35
3 38

Julv 4

3.88
3.98
4.00
400

Aug 1
15
22
29

3.99
3 89
3.88
398
4.10

1
381
3.99

3.50
3 50
3.50
3 59
3.63

Sept 5
12
19
26

4.38
450
470
475

4.31
4 38
4 58
463

3.83
394
4 10
4 18

Oct

3
10
17
24
31

4.75
4 75
4.75
4.75
4.68

473
488
4.81
4.63
443

4.25
T

Nov 7
14
21
28

4.63
4.63
4.65
475

4.38
4,38
4 38
4 38

i
4 25

Dec 5
12
19
26

4.88
4.88
488
4.88

4.63
4.80
488
4.88

4.33
4.50
4.50
4.50

Week ending

1958

1959 Jan

[
450
4 13

3,88

3.88
3 58
3.50

11..:::.::::.
ig
25

1 63
1 55
1 50

July 5
12
19
2(5

1
38
30

Aug. 2
9
16
23
30

1 68
2.14
2 63

Sept 6
13
20
27

2.88
288
290
3 00

Oct. 4
U
13
2?

3.20
3 25
3 25
3 25

Digitized for FRASER


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

Prime
coml.
paper
4- to 6months

.*n

88

1.13
1 15
1 58
1.88
2 13

2 38
2 38
241
2 56

2.25
2 25
245
2 50

3.50
3 55
3 75
T

2.84
288
288
2 88

2.70
275
275
2 75

f
375

.13
13
35

!so

683

Prime
bankers'
acceptances,
90 days
2 75
|

3.38
3,38
3.48
350

Stock
Exchange
call loans,
going
rate
3 75
T

375
4.19

4 19
422
4,25

4.25
4.65
4,75

I
4.75

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY Continued


B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Week ending

1960

-Jan

2
9 ...
16
23 ..
30

Feb 6.
13 ...
20
27 .
Mar 5 ...
12
19
26

Apr. 2
9. .. .
16
23
30

Prime
coml.
paper,
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

Prime
bankers'
acceptances,
90 days

Stock
Exchange
call loans,
going
rate

4.88
4.88
5.00
4.98
4.80

4.88
4.93
5.13
5.13
4.90

4.50
4.64
4.88
4.85
4.78

4.75
5.15
5.50

4.75
4.56
4.58
4.75

4.75
4.38
4.35
4.50

4.63
4.38
4.38
4.38

4.85
4.70
4.53
4.25

4.61
4.49
4.19
3.86

4.38
4.18
3.93
3.73

4.13
4.05
4.09
4.25

3.58
3,50
3.78
3.88

3.63
3.63
3.94
4.00
4.00

May 7
14
21
28

4L

3.88

3.90
3.75
3.75
3.75

June 4
11
18 .,
25

4,19
4.03
3.70
3.63

3.83
3.53
3.05
3.00

3.63
3.48
3.18
3.13

July 2
9
16 .
23
30

3.60
3.41
3.38

3.00
3.00
3.00
2.96
2.94

3.13

Aug
13
20. ...
27

Week ending

1961Jan. 7
14
21
28

3.06
3.00
3.00
2.90

Feb 4
11
18
25

2.93
3,00
3.00
3.09

Mar. 4
11
18
25

3.13
3.13
3.03
2.93

15
22
29

2.97
3.00
2.98
2M
2.78

May 6
13
20
27

2.75
2.75
2.75
2.75

June 3
10
17
24

2.88
3.0
3.00
2,90

g.::::::::::

5L
5.45
5.00
t

5.00

July 1
8
15
22
29

5.00
1

2.63
2.66
2.64
2.53
2.50

2.88
2.88
2.88
2.84
2.78

:
;
2.50

2.75
2.63
2.63
2.68

I
!!

2.75

i
;

2.58
2.71
2.75
2.65
ii
'
,
II
i

2.54
2.50
T
:
^

i
'
,

Oct. 7
14
21
28

:
:
i
3,00

2.81
2.81
2.81
2.76

Nov 4
11
18
25

2,98
2.88
2.98
3.00

2.70
2.69
2.73
2.78

Dec 2
9
16
23
30

3.10
3.13
3.15
3.25
3.25

'
1

Sept 2
9
16
23
30

1. ..
8
15. ...
22. ..
29

3.45
3.38
3.38
3.30
3.18

3.19
3.19
3.19
3.15
2.98

Nov 5 .
12
19. ...
26

3.13
3.17
3.33
3.38

2.88
2.88
2.93
2.94

;
f
4.^50

684

4.50

Digitized for FRASER


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

':

.88
,98
3.00
2.93

'

I
2.69
2.66

3.00

i
!

2,84
2,88
2,78
2.68

4.50
1

.75
.75
.75
.81

3.01
3.06
3.11
3.19

3J30
2.88
2.88
2.88

!
;

2.64
2.63
2.63
2.66

3.25
3.25
3.40
3.50

2.94
3.01
3.06
2.91
2.88

2.88
.88
.88
,88

3.05
3.13
3.08
3.00
|

J9
26

3.38
3.30
3.25
3.15
3.13

,
!

Stock
Exchange
call louns,
going
rate

Dec 3 ...
10
17....
24,..
31

2.83
2.81
2.81
2.71

2.50
2.60
2.69
1

Oct

2,78
2.75
2.75
2.68
2.70

Finance 1
co. paper
Prime
placed
bankers'
directly,
accept3- to 6anccs,
months ! 90 days

2.75
2.S3
3.00
3.00

4.60

....

*"il

3.1
3.30

..

Auc 5

3.13
3.08
2.93
3.05

Sept. 3
10
17
24

....

p 1
Ar>r

2,94
2.94
2.94
2.94

Prime
com).
paper,
4- to 6months ;

...
..

2.81
2.83
2.93
3.00
3.00

2/75
2.80
2.88
T

2*88
2.75

'

2.*75
2.82
2.98
3.00

4.50

MONEY RATES AND SECURITIES MARKETS


12.5 SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY Continued
B.

WEEKLY, 1941-70Continued

[Averages of daily figures; per cent per annum]

Prime
coml.
paper
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

Prime
bankers'
acceptances,
90 days

Stock
Exchange
call loans,
going
rate

5
12. .
19
26

3.38
3.38
3.38
3.30

3.23
3.25
3.15
3.13

3.00
3.04
3.06
3.10

4.50

Feb. 2
9
16
23. .

3.25

3.13

Mar 2. .
9
16
23
30

Prime
coml.
paper,
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

6
13
20
27

3 25
3 35
3 30
3 20

3 00
3 09
3 11
3 03

Feb 3
10
17
24

3 13
3 18
3 25

3 00

Week ending

1962 Jan

Prime
bankers'
acceptances,
90 days

Stock
Exchange
call loans,
going
rate

3 00

450

Week ending

1963 Jan

Mar 3

to

17
24
31
Apr 7
14
21
28

3.00
3 09

3 25
3 19
3 13

3 13
3 13
3 08
3 06

27

298

3.13
3.19
3.19
3.21
3.25

3.13
3.23
3.25
3.25
3.25

3.00
3 00
3.10
3 13

July 6
13
20
27.

3.44
3.50
3.50
3.50

3.30
3.34
3.38
3.38

3.25
3.35
3.45
3.50

T
f

Aug 3

3.58
3.63
3.75
3.75
3 78

3.38
3.53
3.56
3.63

3.50
3.53
3.63

3.00
2.95
2 88

2 88

June 2
9
16
->3
30

3 25

T
i

2 88

299
300
3 03
3 11

2 88

3 25

July 7
14
21
28

3 28
3 38
3 38
3 38

3 17
3 25
3 25
3 16

May 4
18. . "

25

'll
18
25

3 18
3 33
3 25
3*28

3
3
3
3

13
13
J3
13

3.13

17
24

Sept i
g
15
22
29

3.30
3 25
3.35
3 38
3 38

3.10
3 13
3.13
3 13
3 13

3.08
3 06
3.06
3.10
3 13

Sept. 7
14
21
28

Oct 6
13
20
27

3 38
3 25
3 25
3.25

3 20

302

3 13
3.00

3 00
3.00

Nov 3
10
17
24

3 15
3.22
3 25

Digitized for FRASER


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

3 25
3 28
3 38

10.

31

295

3.03
3 11
3 13
3.13
3 13
3 14
3 19
3 19

1
3.25
3.38
3.38
3.38
3.38

3.00
3 00

June 1 .
8
15
22
29

296

1
g
15
22
29

3.25
3.19
3.13
3.13
3.13
3.14
3.19
3.15

3.13
3 13
3 13
3 20

Dec

3.13
3.23

3.38
3 30
3.25

20.

3.25
3.38

Apr 6. .
13

May 5
12
19
26

3 00

4 50

685

3.88

3.63
3.68
3.75
3.75
3.66

Nov. 2
9
16

3.75

Dec 7
14
21
28

....

Oct. 5
12
19
26

23.
30.

j.

3.88
3.98
4.00
4.00

3.75
3.84
3.88
3.88

i
3.63
3.72
3.75
3.75
3.63

t
I

3.63

4.50

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITYContinued


B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Week
cnding =

Prime
com).
paper,
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

Prime
bankers
acceptances,
90 days

CD's,
3
months
(sec.
mkt.)>

1
Stock
Prime I1'' Prime
EuroExchange
coml.
nheed
bankers
dollars,
Week
paper, : directly
accept3 2
ending 4to
6^
"/*
ances,
months i
rate
months monfas
90 days

1964
4.
11.
18.
25.

4.00
4.00
4.00
3.98

3,84
3.86
3,88
3.78

3.63
3,63
3.73
3,75

3.87
3.89
3.92
3.92

4.29
4.04
4.00
4.00

Feb.

1.
8.
15.
22.
29.

3.88
3.88
3.88
3.88
3.90

3.75
3.75
3.75
3.75
3.78

3.90
3.86
3.84
3.84
3.84

4.03
4.05
4.00
4.05
4.04

Mar. 7.
14.
21.
28.

4.00
4.00
4.00
4.00

3.81
3.81
3.81
3.86

3 75

3.87
3.92
3.93
3.94

4.17
4.26
4.24
4.20

Mar. 6.
13.
20.
27.

Apr. 4,
11.
18.
25.

4.00
3.98
3.88

3.93
3.84
3.75
T

3
3
3
3

3.95
3.95
3.92
3.86

4.25
4.25
4.21
4.18

Apr. 3.
10.
17.
24.

4.14
4.19
4.20
4.25
4.20

May

May 2.
9.
16.
23,
30.

80
88
78
75

!
:

4.50
t

Jan.

2
9
16
23.
30.

Feb.

6.
13.
20.
27.

i
3.75
3.80

3,83
3.80
3.80
3.83
3.85

June 6.
13.
20.
27.

4.00

3.88
3,88
3.88
3.88

3.85
3.85
3.85
3.85

4.23
4.31
4.39
4.38

June 5 .
12.
19.
26.

July

4.
11.
18.
25.

i
4.00

3.88
3.86
3.81
3.78

3,85
3.85
3.85
3.87

4.34
4.36
4.38
4.30

July

Aug.

1.
8.
15.
22.
29.

3,88
t

3.75
3.75
3.75
3.78
3.78

3.86
3.85
3.86
3.86
3.86

4.29
4.28
4.25
4.244.25

Aug. 7.
14.
21.
28.

3.74
3.72
3.75
3.75

3.86
3.87
3.88
3.87

4.24
4.26
4.24
4.19

Sept. 4.
11.
18.
25.

3.81
3.90
3.94
3.94
3.91

3.87
3.91
3.94
3.94
3.95

4.19
4.49
4.50
4.50
4.50

Oct.

3.88
3.94

3.93

Sept. 5.
12.
19.
26.

i
3.88

Oct.

4.00

3.
10.
17.
24.
31,

Nov. 7.
14.
21.
28.
Dee.

5.
12.
19.
26.

i
3.75
3.88

3.95
3.95
3.95
4.02

4.53
4.50
4.43
4.35

Nov. 6.
13.
20.
27.

4.13
4.13
4.13
4.25

3.94
3.94
3.94
4.06

4.00
4.00
4.00
4.00

4.13
4.13
4.13
4.13

4.80
4.94
4.83
4.88

Dec.

Digitized for FRASER


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

686

4 38

4.
11.
18.
25.

,& . "= !?
\

4.00
4.00
4.00
4.00
4.00

4.15
4.16
4.15
4.12
4.11

4.91
4.67
4.66
4,60
4.46

4.05
4.06
4.13
4.25

4.05
4.13

4.12
4.20
4.20
4.23

4.51 !
4,50
4.54
4.46

4.25
4.26
4.27
4.28

4.61
4.89
5.00
4.91

4.27
4.*26
4.26
4.28

4.85
4.84
4.81
4.79

4*13
4.15
4.25
4,20
4.13

|:

4 15

'

4.25
!

i'
i
|
:!

i'
.

'

4.38
4.46
4.61
4.75

4 50

4.80
4.81
4.84
4.88
4.95

4 75

5.19
5.05
5.01
4,95

4 725
4.13

4.29
4.30
4.32
4.30
4.28

4.88
4.91
4.81
4.79
4.60

4.13
4.13
4.13
4.15

4.28
4.29
4.30
4.29

4.63
4.66
4,61
4.5J

4.25
*

4.29
4.32 j
4.34 .i
4.34 ;

4.48 !
4.42 !
4.48
4.50 (

4.35
4.40
4.45
4.46
4.46

4,54
4.91
5.08
5,03
4,98

'

4.46
4.49
4.48
4.49

5.00
4.95
5.00
5.08

4.25
4.50
4.55
4.63

4.49
4.55
4.74
4.80

5.22
5,45
5,56
5.44

i
1

4.29
4.30
4.31
4.32
4.33

4.50

4.33
4.34
4.31
4.29

4.V25
4.30
4.38
?
!s
.
'

4,38
4.58
4.70
4.75

'.

';

2.
9
16!
23.
30.

3.88
3.88
3.88
3.91

For notes see last page of Part B.

4 25
4 34

3.
10.
17.
24.
31.

^ us * call loans,

4.06
4.06
4.06
4.06
4.03

1.
8.
15.
22.
29.

4.00
4.06

i
4.50

4.25

Stock

Euro

1965

Jan.

CD's,
months

i
4.

4.75
5.00
5.00
5.00

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITYContinued


B.

WEEKLY, 1941-70Continued

[Averages of daily figures; per cent per annum]

Week
ending

Prime
coml.
paper,
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

Stock
EuroExchange Week
dollars, call
loans, ending^
3
going
months 2
rate

Prime
bankers
acceptances,
90 days

CD's,
3
months
(sec, 1
mkt.)

4.73
4.75
4.75
4.75
4.75

4.90
4.86
4.89
4.94
4.97

5.40
5.23
5.19
5.23
5.25

5.00
5.00
5.00
5.00
5.25

4.80
4.88
4.88
4.88

4,97
4.98
5.04
5.06

5.30
5.35
5.39
5.36

r
i

4.88
4.93
5.00

5.07
5.09
5.22
5.19

5.39
5.49
5.65
5.73

5.25
5.30
5.50
't

5.00
5.01

5.20
5.21
5.23
5.24
5.28

5.73
5.75
5.75
5.75
5.75

5.13
5.13
5.15
5.28

5.30
5.30
5.36
5.39

5.74
5.75
5.73
5.73

I.
8,
15.
22.
29.

Feb.

5.
12.
19.
26.

i
4.88

Mar, 5.
12.
19.
26.

5.00
5.00
5.28
5.38

Apr. 2.
9.
16.
23.
30.

June

5.42
5.47
5.46
5.48

5.75
5.75
5.76
5.88

4.75
4.75
4.78
4.88

i
5.38
5.40

4.75
4.75
4.79
4.88

4.88
5.10
5.13
5.15
5.25
5.25
5.25
5.25
5.38
T

4.
11.
18.
25.

5.50
5.50
5.50
5.50

5.38

5.38
5.38
5.38
5.38

2.
9.
16.
23.
30.

5.58
5,63
5.63
5.63
5.63

5.45
5.50
5.50
5.50
5.55

5.48
5.50
5.55
5.63
5.63

5,52
5,56
5.62
5.66
5.64

6.00
5.94
6.26
6.46
6.45

5.70
6.00
t

Aug. 6.
13.
20.
27.

5.75
5.88

5.63

5.63
5.63
5.63
5.75

5.56
5.63
5.69
5.76

6.38
6.41
6.53
6.61

1
6.00
6.15
6.25

6.75
6.75
6.69
6.68

July

5.63
5.70

5.82
5.87
5.87
5.90

:;.95

5.75
5.75
5.75
5.88
T

5.75
5.65

5.87
5,83
5.83
5.85
5.84

6.59
6,94
6.91
6.78
6.78

Nov. 5.
12.
19.
26.

5.63
5,63
5.68
5.75

5.78
5.74
5.74
5.77

6.78
6.75
6.78
6.75

Dec.

5.65
5.63
5.63
5.60
5.50

5.81
5.79
5.71
5.63
5.60

6.88
6.86
6.79
6.71
6.60

Sept. 3.
10.
17.
24.

Oct.

1.
8.
15.
22.
29.

3.
10.
17.
24.
31.

Finance
co. pa petplaced
directly,
3- to 6months

CD's,

Prime
bankers
acceptances,
90 days

months
(sec.
mkt.) 1

Stock
EuroExchange
dollars, call
loans,
3
going
monthsra te

1967

1966
Jan.

May 7.
14.
21,
28.

Prime
coml.
paper
4- to 6months

:5.88

6.00
t

i
6.00

i
5.88

I
5.50

7.
14.
21.
28.

6.00
5.85
5.68
5.55

5.85
5.70
5.38
5.25

5.50
5.43
5.18
5.03

5.59
5.59
5.56
5.42

6.48
6.29
5.80
5.70

6.25
6.25
6.25
6.25

Feb.

4.
11.
18.
25,

5.40
5.38
5.38
5.38

5.25
5.25
5.19
5.13

4.78
4.75
4.94
5.00

5.23
5.18
5.15
5.20

5.55
5.48
5.49
5.50

5.75

Mar. 4.
11.
18.
25.

5.38
5.35
5.25
5.16

5.13
5.03
5.00
5.00

4.93
4.88
4.70
4.53

5.23
5.13
5.08
4.96

5.56
5.59
5.53
5.39

Apr. 1.
8.
15.
22.
29.

5.10
5.00
4.80
4.75
4.75

4.93
4.75
4.53
4.50
4.50

4.45
4.38
4.28
4.25
4.25

4.89
4.83
4.43
4.36
4.33

5.40
5.28
5.00
4.88
4.81

May

6.
13.
20.
27.

4,75
4.70
4.63
t

4,50
4.40
4.38

4.25
4.33
4.25
4.25

4.40
4.49
4.48
4.48

4.64
4.83
4.91
4.99

June

3.
10.
17.
24.

i
4.63

4.25
4.30
4.38
4.40

4.48
4.48
4.58
4.67

5.00
5.41
5.29
5,30

1,
8.
15.
22.
29.

4.73
4.84
4.88
4.93
5.00

4.60
4.69
4.50
4.50
4.63

4.74
4.94
4.98
4.98
4.99

5.38
5.38
5.40
5.28
5.01

4.70
4.85
4.78
4.75

5.02
5.00
4.88
4.91

5.05
5.20
5.14
5.08

4.75
4.66
4.68
4.80
4.88

4.96
4.83
4.85
4.94
4.98

4.97
5.02
4.99
5.14
5.24

5.02
5.14
5.18
5.26

5.66
5.55
5.56
5.64

July

Aug. 5.
12.
19.
26.

6.25

687

4.38
4.48
4.50
4.75

Sept, 2.
9.
16.
23.
30.

Oct.

For notes see last page of Part B

Digitized for FRASER


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

Jan.

4.75
4.83

5.75
5.50

7.
14.
21.
28.

1
5.00
5.13
5.13

4.88
4.94
5.00
5.00

Nov. 4.
11.
18.
25.

5.13
5.13
5.13
5.50

5.08
5.13
5.13
5.20

4.88
5.13

5.26
5.28 '
5.32
5.39

5.66
5.69
5.74
6.14

5.50
5.88

Dec. 2.
9.
16.
23.
30.

5.50
5.50
5.53
5.63
5.63

5.25
5.35
5.40
5.50
5.50

5.15
5.35
5.38
5.50
5.56

5.51
5.56
5.63
5.63
5.64

6.76
6.39
6.25
6.38
6.38

6.00
6.00
6.00
6.00
6.00

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITY^Continued


B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum)

Week
ending-

Prime
com),
paper,
4- to 6months

Finance
co. paper
placed
directly,
3- to 6months

Prime
bankers
acceptances,
90 days

CD's,
3
months
(sec. 1
mkt.)

Stock
EuroExchange Week
dollars, call
loans,
3
going ending
months2
rate

Prime
com),
paper,
4- to 6months

Finance
co. paper
pktced
directly,
3- to 6months

Prime
bankers
acceptances,
90 days

CD's,
3
months
(sec. 1
mkt.)

Stock
EuroExchange
do Ha rs, call
loans,
going
months'-1
rate

1969

1968

Jan.

4.
11.
18.
25.

6.56
6.58
6.53
6.50

6.00
6.13
6.13
6.13

6.50
6.58
6.50
6.38

6.58
6.57
6.53
6.48

7.17
7.45
7.64
7.31

5.53
5.43
5.45
5.49

Feb.

1.
8.
15.
22.

6.50
6.50
6.50
6.70

6.23
6.25
6.31
6,38

6.38
6.38
6.38
6,48

6.41
6.47
6.52
6.49

7.38
7.66
7.86
8.09

6.63
6.68
6.70
6.63
6.63

6.54
6.60
6,58
6.64
6.65

8.24
8.34
8.49
8.51
8.48

6.65
6.69
6.75
6.89

8.49
8.44
8.38
8.38

Jan,

6.
13.
20.
27.

5.63
5.63
5.63
5.60

5.50
5.50
5.50
5.48

5.63
5.43
5.38
5.35

5.63
5.63
5.52
5.44

6.36
6.15
5.96
5.79

Feb.

3.
10.
17.
24.

5.50

5.25
T

5.15
5.23
5.25
5.25

5.35
5.24
5.35
5.41

6.00

Mar. 2.
9.
16.
23.
30.

5.50
5,58
5.75
5.75

i
5.25
5.40
5,50
5.50

5.25
5.28
5.48
5.63
5.68

5.38
5.38
5.50
5.67
5.70

5.55
5.76
5.95
6,95
6.46

Mar. 1.
8.
15.
22.
29.

6.75
6.75
6.75
6.88
6.88

Apr. 6.
13.
20.
27.

5.75
5.75
5,78
5.88

5.50
5.50
5.53
5.75

5.63
5.75
5.70
5.88

5.74
5.63
5.70
5.88

6.20
5.91
6.04
6,33

Apr. 5.
12.
1926.

6.8S
7.00
7.03
7.13

6.38

6,63
6,75
6.88
7.00

May 4.
6.05
11.
6.13
18. 6.13
25.
6.25

5.88
6.00
6.00
6.00

5.93
6.08
6.00
6.13

5.97
6,06
6.07
6.16

6.53
6.50
6.68
6.91

6.00
6.00
6.03
6.06
6.06

6.00
5.90
5.95
6.00
6.00

6.23
6.20 i
6.14
6.13
6.13

7.11
7.13
6.79
6.88
6.89

May 3.
10.
17.
24.
31.

7.18
7.25
7.38
7.38
7.47

6.43
6.50
6,50
6.50
6.69

7.05
7.18
7.48
7.50
7.50

6.92
7.03
7.17
7.40
7.48

8. 45
8.86
9.38
9.5S
9.83

June 7.
14.
21.
28.

7.68
8.20
8.40
8.55

6.91
7.08
7.31
7.59

7.50
7.90
8.08
8.38

7.47
7.70
8.23
8.23

10.48
11.5.1
11.2:
11.11

6.06
6.06
6.06
5.98

6.00
5.93
5.83
5.75

6.03
6.08
6.07
6.41

6.75
6.59
6,25
6.29

July

5.
12.
19.
26.

8.66
8.75
8,65
8.63

7.81
7.81
7.83
8.00

8.50
8.50
8.43
8.35

8.34
8.66
8.86
8.81

10.85
11.20
11.06
10.84

5.70
5.68
5.75
5.63

6.28
6.06
5.%
5.98
6.04

Aug. 2.
9.
16.
23.
30.

8.50
8,38
8.38
8.30
8.25

8.00
7.83
7.75
7.65
7.56

8.18
8.03
8.10
8.00
8.00

8.75
8.56
8.45
8.46
8.33

10. 5S
10.25
10.55
10.83
10.91

Sept. 6.
13.
20.
27.

8.25
8.40
8,50
8.60

7.56
7.60
7.63
7.63

8.09
8.13
8.13
8.15

8.25
8.30
8.40
8.71

11.20
11.46
11.14
10. 6H

Oct.

4.
11.
18.
25.

8.83
8,73
8.63
8.50

7.73
7.88
7.91
7.94

8.25
8.25
8.25
8.15

8.63
8.66
8.70
8.70

11.03
10.65
10.43
9.63

Nov. 1.
8,
15.
22.
29.

8.23
8.19
8.41
8.58
8.63

7.78
7 88
7.94
7.94
7.94

8.00
8.00
8.00
8.20
8.50

8,56
8.36
8.36
8.39
8.58

9.10
9. 9
10.01
10.71
10.75

7.98
7.88
7.89
7.90
,_. ,

8.38
8.53
8.63
8.72

8.69
8.70
8.67
8.66

10.83
11.05
11.33
11.35

June 1.
8.
15.
22.
29.
July

6.
13.
20.
27.

6.25
6.15

Aug. 3.
10.
17.
24,
31.

5.955.88
t

5.83
5.77
5.75
5.75
5.70

5.88
5.80
5.84
5.87
5.86

Sept. 7.
14.
21.
28.

i
5.88
5.80
5.75

5.63
5.63
5.63
5.58

5.84
5.83
5.84
5.86

6.11
6.00
5.84
5.80

Oct.

5.
12.
19.
26.

5.75
5.75
5.78
5.88

5.50
5.50
5.60
5.63

5.63
5,73
5.85
5.88

5.69
5.80
5.86
5.98

6.08
6.33
6.50
6.50

Nov. 2,
9.
16.
23.
30.

5.88
5.88
5.88
5.93
6.00

5.73
5.75
5.75
5.75
5.75

5.88
5.91
6.00
6.00
6.00

5.99
6.12
6.04
6,07
6,07

6.55
6.59
6.72
6.90
6.94

Dec. 7.
14.
21.
28.

6.00
6.03
6.20
6.38

5.75
5.78
5.88
6.00

6.00
6.10
6.15
6.47

6.10
6.12
6.20
6,40

6.00
6.50
,

6,89
7.04
7.08
7.33
..,.= , ._,-..

i
6.50

6.34
6.25

i
6.25
6.35
6.60
6.75

Dec.

___

For notes see next page.

Digitized for FRASER


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

688

6.
13.
20.
27.

8.63
8.75
8.93
9.00
~

6.75
6.95
7.00

7.00
7.50

7.50
7.70
8.50

8,50

MONEY RATES AND SECURITIES MARKETS


12.5

SHORT-TERM OPEN MARKET RATES IN NEW YORK CITYContinued


B. WEEKLY, 1941-70Continued
[Averages of daily figures; per cent per annum]

Prime
ooml.
Week
paper,
ending 4- to 6ntonths

Finance
co. paper
placed
directly,
3- to 6months

CD's,

Prime
bankers
acceptances,
90 days

months
(sec.
mkt.)1

Finance
co. paper
placed
directly,
3- to 6months

Prime
bankers
acceptances,
90 days

8.38
8.35
8.25
8.35

7.54
7.54
7.56
7.75

7.75
7.75
7.63
7.58

8.10
8.05
8.03
8.06

9.00
9.18
8.98
8.65

Aug. 1 .
8.
15.
22.
29.

8.15
8.00
8.00
8.00
7.70

7.78
7.60
7.50
7,50
7.35

7.43
7.33
7.25
7.20
7.05

7.98
7.95
7.85
7.80
7.73

8.34
8.36
8.33
8.08
8.15

8.50
8.25

Sept. 5.
12.
19.
26.

7.50
7.38
7.38
7.20

7.31
7.31
7.25
6.91

7.13
7.13
7.10
6.90

7.55
7.45
7.48
7,39

7.94
7,97
8.10
7.96

8.00

Oct.

3.
10.
17.
24.
31.

7.13
6.98
6.88
6.80
6.63

6.75
6.79
6.81
6.78
6.66

6.88
6.78
6,47
6.38
6.38

7.13
7.04
6,90
6.70
6.65

8.18
8.33
8.17
7.76
7.66

Nov. 7.
14.
21.
28.

6.63
6.56
6.40
5.75

6.58
6.44
6.18
5.61

6.22
6.13
5.60
5.38

6.61
6.48
6.24
5.92

7.58
7.53
7.11
6.79

i
7.75
7.25
7.00

Dec.

5.63
5.75
5.75
5.75

5.50
5.49
5.50
5.45

5.38
5.48
5.25
5.25

5.66
5.68
5.64
5.59

7.31
7.30
7.58
7.19

7.00
7.00
7.00
6.81

Prime
Stock
Eurocoml.
Exchange Week
dollars, call
paper,
loans,
ending 4- to 63 2
going
months
months
rate

Stock
EuroExchange
dollars, call
loans,
3
going
months2
rate

1970

1970
Jan.

3.
10.
17.
24.
31.

9.00
9.08
8.75
8.70
8.55

8.03
8.11
8.13
8.16
8.19

8.75
8.75
8.68
8.63
8.50

8.81
8.97
8.93
8.87
8.89

10.60
10.34
10.34
9.90
9.53

Feb.

7.
14.
21.
28.

8.53
8.63
8.55
8.50

8.13
8.11
7.88
7.92

8.40
8.38
8.28
8.13

8.82
8.68
8.48
8.35

9.49
9.48
9.31
9.28

Mar. 7.
14,
21.
28.

8.50
8,50
8.35
8.03

7.94
7,89
7.61
7.41

7.95
7.80
7.53
7,19

8.44
8.41
8.32
8.10

9.36
9.09
8.73
8.68

Apr. 4.
11.
18.
25.

8.08
8.08
8,00
8.00

7.25
7.25
7.25
7.25

7.23
7.43
7.38
7.63

7.59
7.21
7.25
7.31

8.54
8.59
8.19
8.08

May 2.
9.
16.
23.
30.

8.13
8,35
8.30
8.18
8.13

7.29
7.36
7.38
7.45
7,56

8.00
8.13
8.08
7.93
7.98

7.38
7.73
8.03
8.13
8.04

8.49
8.60
8.51
8.81
9.36

June 6.
13,
20.
27.

8.13
8.15
8.25
8,25

7.56
7.56
7.56
7.51

7.78
7.75
7.85
7.78

8.04
8.06
8.09
8.13

9.25
9.45
9.60
9.46

1
a

CD's,
3
months
(sec.
mkt.)i

8.50

July

i
8.00

4.
11.
18.
25.

5.
12,
19.
26.

8.00

8.00
7.75

Seven-day averages for week ending Wednesday.


Averages of days quoted for week ending Wednesday.

12.6

EFFECTIVE RATE ON FEDERAL FUNDS


A. ANNUALLY AND MONTHLY, 1954-70
[Averages of daily figures; per cent per annum]

Annual
average

Jan.

Feb.

Mar.

Apr.

May

June

July

1.21

1.07

.90

.91

1.26

1955
1956
1957
1958
1959

1.78
2.73
3.11
1.57
3.30

1.37
2.44
2.93
2.72
2.48

1.29
2.50
3.00
1.67
2.40

1.35
2.50
2.96
1.20
2.80

1.43
2.62
3.00
1.26
2.96

1.43
2.75
3.00
.63
2.90

1.62
2.71
3.00
.93
3.39

1.68
2.74
2.90
.68
3.44

1.90
2.74
3.24
1.53
3.50

2.18
2.95
3.50
1.76
3.76

2.24
2.96
3.50
1.80
3.98

2.35
2,88
3.22
2.27
4.00

2.48
2.94
2.98
2.42
3.99

1960
1961
1962
1963
1964

3.22
1.96
2.68
3.18
3.50

3.99
1.45
2.14
2.91
3.48

3.97
2.54
2.37
3.00
3.48

3.84
2.02
2.70
2.98
3.43

3.92
1.50
2.69
2.90
3.47

3.85
1.98
2.29
3.00
3.50

3.32
1,73
2.68
2.99
3.50

3.23
1.16
2.71
3.02
3.42

2.98
2.00
2.93
3.49
3.50

2.60
1.88
2.90
3.48
3.45

2.47
2.26
2.90
3.50
3.36

2.44
2.62
2.94
3.48
3.52

1.98
2.33
2.93
2.38
3.85

4.07
5.11
4.22
5.66
8.22

3.90
4.42
4.94
4.60
6,30

3.98
4.60
5.00
4.72
6.64

4.04
4.65
4.53
5.05
6,79

4.09
4.67
4.05
5.76
7.41

4.10
4,90
3.94
6.12
8.67

4.04
5.17
3.98
6.07
8.90

4.09
5.30
3.79
6.02
8.61

4.12
5.53
3,89
6.03
9.19

4.01
5.40
4.00
5.78
9.15

4.08
5.53
3.88
5.92
9.00

4.10
5.77
4.12
5.81
8.85

4.32
5.40
4.51
6.02
8.97

7.17

8.98

8.98

7.76

8.10

7.94

7.60

7.21

6.61

6.29

6.20

5.60

4.90

Year

1954

1965
1966
1967
1968
1969

...

...

1970. ... .

Digitized for FRASER


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

689

Aug.

Sept.

Oct.

Nov.

Dec,

MONEY RATES AND SECURITIES MARKETS


12.6

EFFECTIVE RATE ON FEDERAL FUNDSContinued


B. WEEKLY, 1954-70
[Averages of daily figures; per cent per annum]

Week ending

Rate

1954July 7
14
21
28

8 4
AUK.

i?::::::
18
25

Sept. 1
8
15
22
29 .
Oct. 6
13
20
27

Rate

Week ending

Rate

1,19
,73
.58

195S=Get. 5
12 ,
19
26

2.24
2 25
2.23
2.25

.26
.29
.43
.36

Nov. 2
9
16
23
30. .

2 25
2.25
2.24
2.46
2 49

Dec. 7 .
14
21
28

2 50
2.46
2.48
2 48

Mar 6
13
20
27

1956 Jan. 4
11
18
25..

2 24
2,50
T

Apr 3
10
17
24

Feb, 1 . .
i
8
^SO
15
22 . . . . 2.48
29 . . . . . . 2.50

May 1
8
15
22
29

2.50
2 49
2.50
2,50

June 5
12
19
26
July 3
10
17
24
31

3.00
2 83
2.97
3.00
, . 3.09
3 29
3.48

.35
.26
.16
.68
... 1.15
. .

Week ending

.51
1.20
,97
.79

19 57 Jan. 2
9
16
23
30

1.41
.39
.30
.25
.13

1955-Jan. 5
12 , ...
19......
26 ,

.17
.41
.37
.41

Apr. 4
2 50
11
2.50
18. .. . 2.60
25
2 75

Feb. 2
9 . ...
16
23 .

.44
.27
.13
.32

Mar. 2
9
16
23
30

.38
.41
.24
.31
.44

May 2
9
16
23
30

T
.
1
? 75

Aug. 7
14
21
28

June 6
13
20
27

2.72
2.75
2.75
2.61

Sept. 4 .
if
18
25

Apr, 6 , , ,

.44
.44
.40
.34

July 4

20 . .
27

2.75
2.75
2.75
2,74

May 4
11
.
18
25 , .

.66
.30
.32
.31

June 1 . . . .
8
15
22
29

.69
.67
.69
.55
1.55

Aug. 1
8
15. .
22
29..

2.73
2 75
2.75
2 74
2.63

Oct. 2
9
16
23
30

Sept. 5 . . . .
12:;::::
19 .
26

3,00
2.93
2.86
3.00

July 6
13
20
27

1.69
1 69
1,65
1 67

Oct.

Aug. 3
10
17
24
31

1.72
1.87
1.87
1.96
2,00

3.00
2 98
2.92
2 95
2 99

Dec. 4
11
18
25 . . .
19 58_=jan, j
8
15 . .
22
29
!

Nov. 7
14
21.
28

3.00
2.98
2.97
2.59

Feb. 5
12
19
26

Sept. 7
14 .
21
28

2.07
2.19
2.20
2.24

Dec. 5
12
19
26 .

2.95
2.79
2.96
2.99

Mar. 5
12
19 .
26

is.::::;

Digitized for FRASER


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

Mar. 7
14
21 .
28

11::::':

18
25..,.

3
10
17
24
31

3.32
3 50
3 36
3.50

May 7
14
21
28

1.11
,
.95
.47
20

AUR. 5

I
3.00
2 86

June 4
11
18
25

32
1 39
1.36
61

2 97
3 00

Julv
J
uiy

43
77
1 32
45
36

Sept 2
9
16
23
30

3 50
3.46
3,82
1 96
3,86

Oct, 7

4 00
1 96
1 96
4.00

AUE 6
91
13 "" 1 63
20
1 61
27 , , . , 1.68

Nov 4

11
18
25

4 00
4 00
4.00
4.00

Sept. 3
10
17
24

. . . 1.68
i 1 68
1 63
1.91

Dec. 2

3.96
4 00

Oct 1
8
15
22
29

1
1
1
1
1

Nov. 5
12......
19
26. .....

1 93
2.00
2 46
2 39

Feb. 3

4.00
3.96
4.00
3.89

Dec. 3
10
17
24
31

2.30
2 39
2.50
2 50
2.47

Mar. 2

4,00
3 96
3.96
3 54
3.82

1959Jan. 7
14
21
28

1 2.48
2 45
. . . . i 2.50
2.50

Apr. 6

3.93
3.96
3.82
. . 3.93

Feb. 4
11
18
25

2 50
2.36
2 25
2.50

Mav 4
11

Mar. 4 . . .j
11......
18.
25

2,46
2.71
2,86
2.93

Apr. 1
8
15
22
29

2 84
3 00
3.00
3 00
2 93

June 1
8 .. ,.
15
22
29
July 6 . . . . . .
13
20
27

May 6. . . . . .
13......
20......
27......

3.00
3.00
2.61
2.82

June 3
10
17
24

3.10
3 36
3.50
3 46

3.50
|

Nov. 6
1
13 . ... 1 SO
20
3 07
2 7 . . . 3.00

690

1 Rate

19 59= July 1
g
15
22
29

Dec. 1
8
15
22
29

Week ending

.55
1 07
1 75
1.29
1.25

Feb. 6
13
20. . .
27

1.19
.72
,35
1.05

Rate

1958 Apr, 2
9
16
23
30

2.86
2 89
2.96
3.00

Nov. 3
10
17
24

Week ending

2.93
3.00
3.00
3.00

3 00
2 98
2.88
3 00
2 * 29
1.50
! 2.64
2.11
.73
1 11
1 36
1.45
1.07

2
|
16
23
30

79
93
96
98
47

12 ;:: :

19
26

14
21
28

9
16
23

t
.

30

1960 Jan

.
j

13
20
27

4 00
3.96

10
17
24

9
16
23
30

13
20

27 ..
18
25

Aug

-ll
17
24
31
Sept 7
14
21
28

4.00
4.00
3 89
3.79
3.36
3.82
3.39
3.50
2.71
3.36
2,93
3.50
3.14
3.29
3*
3.07
2 68
2.89
2 96
2 79
1 89
2 64

MONEY RATES AND SECURITIES MARKETS


12.6

EFFECTIVE RATE ON FEDERAL FUNDSContinued


B. WEEKLY, 1954-70Continued
[Averages of daily figures; per cent per annum]

Week ending
I960 Qct

Rate

Week ending

Rate

Week ending

Rate

5
12
19
26

2 86
3.00
1.93
2,00

1962Jan. 3
10
17
24
31

Nov 2
9
16
23
30

2 86
2.96
2 82
2 32
1.50

2.61
. . . 2,00
2.79
1.47
2.14

Feb. 7
14
21
28

2.04
2.61
2.36
.. . 2.47

Dec 7
14
21
28

1.64
1.79
2 14
1.89

Mar, 7
14
21
28

2.68
2.71
2.69
2.88

June 5. . . .
12
I
19
3 00
2 96
26

4
11
18
25

2.50
1 62
1 96
.66

Apr, 4
11
18
25

2.71
2.79
2.93
2.86

Feb 1
g
15
22

1.36
2 25
2.79
2.54

Mar 1
8
15
22
29

2.50
2 61
2.00
1 82
1.61

May 2
2,75
9
2.71
16 ... . 2.46
23
2.43
30
1.71

3 00
July 3
2 98
10
3 04
17
24 . . . . 2 64
3.41
31

Apr 5
12
19
26

1961 Jan

1963 Apr. 3
10 . . .
17
24

2
2
2
3

May 1
8
15
22
29 . .

75
98
89
00

2 95
3 00
T

Week ending
1964 juiy i
8
15
22
29

Rate
3 50
3 50
3.50
3 14
3.50

Aug, 5
12
19
26

Sept. 2
9
16
23
30

3.50
3.43
3 46
3.50
3 39

Oct 7
14
21
28

3 36
3 07
3.48
. . . 3.46

3 50
3 46
3.50
3 48

Nov 4
11
18
25

3 50
3.50
. . . 3,59
3.34

3 50
3.50
3 43
. 3 48
50
48
50
50
50

Dec. 2
9
16
23
30

3.71
3.39
4,00
4.00
4 00

1965 Jan. 6
13
20
27

4 00
4,00
3 57
4.00

3 50
Nov. 6
13...
. 3 43
3 50
20
3 50
27 . . .

Feb 3
10
17
24

4.00
4.00
4.00
3.93

Mar. 3
10
17
24
31

4.00
4 05
4 04
4 09
4 02

Apr. 7
14
21
28

4.11
. . . . 4.13
4.09
4 02

Aug. 7

u :::*:
21
28

June 6
13
20
27

. . 2.46
2.46
2.86
2.89

1.79
2 11
1.64
1 14

Julyy 4

18
25

2.82
2.71
2.86
2 95

May 3
10
17
24
31

57
1 64
2.29
2 50
2.14

Aug. 1
8
15
22
29

2.75
. . . 2.89
3.00
2.89
2.93

June 7
14
21
28

2.50
1 00
2.29
1 18

Sept. 5
12
19
26

2.96
3.00
2.89
2.79

Tnrv
Jay

5
!2
19
26

1 04
1 36
1 18
86

Oct, 3
10
17
24
31

2.89
2.82
3.00
2.89
2.82

1964 Jan. 1
8
15
22
29

3 43
3.50
3 50
3.43
3 50

Au'g 2

1.64
2 25
2 7S
1 t\A
1 50

Nov. 7
14
21
28

2,95
3.00
2.96
2.89

Feb. 5
12
19'.
26

3.50
3.50
3 43
3.50

May 5
12
19
26

4.13
4.07
4.07
4.11

Dec. 5f\

2,79

Mar. 4

3.29

June 2

4.11

19
26

2.98
3.00

18
25

3.43
3.46

Apr. 1
8
15
22
29

3 50
3.45
3.50
3.46
3.45

4.13
3.80
4.13

">

2 on
2 77
3,00
2.95
2.98

16
23
30

May 6
13
20
27

3
3
3
3

50
50
50
48

Aug 4
11
18
25

June 3
10 .
17
24

3
3
3
3

50
50
50
50

Sept. I

1 1\
11
30

Sept
6
P
13.

1.32
2.36

27

1 96

Oct. 4

1.64

1O^1

Tin

1 8 . . . . . . 2.64
rye
2ift

9
16
23
30

Nov. 1
8
15
22
29

2.14
2.75
2.75
2 79
2 29

Feb. 6
13
20
27

Dec 6
13
20
27

2 25
1 61
2.36
2 86

Mar. 6
13
20
27

Digitized for FRASER


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

3.00

3 00
2.95
2.98

Sept. 4 .

n::;:::

18
25 ...

Oct. 2
9
16...
23
30

Dec. 4 . .
11
18 ..
25

691

3
3
3
3
3

. 3
3
3
3

32
16
50
50

July 7
14
21
28

15
22
29

4.13
4.09
4.04
4.09
4 n
4 13
4 13
4 13
4.05
4 11
4 13
4.13
3.71

Week ending

Rate

6
13
20
27

4 09
4.13
4.07
4.00

Nov 3
10
17
24

4.13
4.04
4 13
4.11

Dec. 1
8
15
22
29

4.13
3,68
. , 4.50
4 43
4.63

1966 Jan. 5
12
19
26

4.61
4 59
3.86
4.55

Feb. 2
9
16
23

4.54
4 63
4.59
4.63

Mar. 2
9
16
23
30

. . . 4.63
4.68
. . . 4.57
4.68
4.68

Apr.
6
P
13
20
27

. , 4.75
4.70
4.77
4.48

Mavy 4
il
18
25

4.73
4.79
4.98
4.84

June 1
8
15
22
29

4.95
4.98
5.18
5.18
5.43

July 6
13
20
27

5
5
4
5

Aug 3
10

5.63
5 75
5 36
5 71
5 34

1965 Oct

*5A

31

Sept. 7
14
28

Oct. 5

36
45
70
46

5.89
5.80
5 7Q
4 50

19

5.86
S en
5.64

Nov. 2
9
16
23
30

5.86
5.86
5.96
5.50
5.64

9fi

(\A

5.36
Dec. 7
14
5,43
21 . ... 5.25
28
5.57

MONEY RATES AND SECURITIES MARKETS


12.6 EFFECTIVE RATE ON FEDERAL FUNDSContinued
B. WEEKLY, 1954-70Continued
[Averages of daily figures; per cent per annum]
Week ending

Rate

Week ending-

Rate

Week ending-

1967 -Jan. 4
11
18
25

5,14
, 5.39
4.82
5.18

Feb. 1
8
15
22

4.21
4.93
5.18
5.18

Mar. 1
8
15
22
29

4 68
4.71
4,54
4.71
4.25

Apr, 5
12
19
26

4,55
3.93
3.93
4.00

May 3
10
17......
24
31

4 00
3.84
4.02
3.93
3.95

Mar. 6
13
20
27

4 82
4.64
5 13
5.39

June 7
14......
21
28

3.93
4.00
3.98
4.07

Apr. 3
10
17
24

5.52
5.66
5 71
5.63

Feb. 5
12..
19
26

Julyy 5
!2
19
26

3 73
3.98
3.54
3.93

3.75
4.02
4.05
3.98
3.59

6 14
6.04
6.34
6.07
6.02

Mar 5
12
19
26

Aug.
b 2
9
16
23
30

May 1
8
15......
22
29
June 5 . . . . . .
12
19 . . . .
26

5,93
6.18
6.18
6.14

Sept. 6
4.02
13
3.98
2 0 . . . . . . 4.00
27
4.00

Oct. 4
11
IB...,
25

Digitized for FRASER


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

3.96
4.04
4.04
3.50

1967 Nov. 1
8 ., .
15
22. . . . . .
29......

3 89
3.96
4.09
4,02
4.36

Dec. 6 . . .
13... . .
20
27......

4.36
4.52
4.48
4.63

1968 Jan. 3 . .
10
17
24
31......

4.54
4.63
4.61
4.73
4.55

Feb. 7
14
21
28..

July 3
10
17
24
31

Aug. 7
14
21..
28

4.73
4.73
4.70
.. 4.75

...

5.73
5.95
1 6.13
6.11
6.05
6.11
6 13
6.05
5.93

1968Sept 4
11
18
25

Rate

5 80
i 5*84
5.68
. . . 5.70

Oct 2
9
16 ...
23.. , .
i
30

5 93
5 93
5.96
5.84
5.91

Week ending

Aus 6
13
20
27

9 57
9 18
8 79
8.82

M'ly 6
8 46
1 V " " " 7 96
20
7 84
7 4
27

9 57
9 07
9 61

8*57

Tune 3
10
17
24

9.lt
9 43
9 68
8 68
8 39

Julv
Juiy I . . . . . - 7 23
7 34
IS
7 59
22
7 16
29
6*89

Sept 3
10
17
24

Dec. 4
11
18.. .,
25

5.71
5. 84
6.00
6.25

Oct 1
8
15
22
29

Apr. 2
9 .
16..
23
30. .

5 95
6.43
6.36
6 46
6.27

6.32
6.75
6.75
6.48

6 75
6 75
6.82
6 88

Nov 5
12
19
26

9
9
g
8

15
22
29

6
6
6
6

8 91
8 75
17
9 14
24 . . . . 9. 18
31
8.71

Sept 2
9
16
23
30

6 46
6 64
6 46
5.84
6 05

45
96
30
04

Oet 7
14
21
28

6 36
6 21
6 18
611
5 HO
5 70
5 16

10

7
14
21
28

8
8
9
9

9 21
9.18
9 39
E.41

Nov 4
11
18
25

May 7
14
21
28

8.23
8 30
8.91
8 93

Mar 4
H
18
25

8.32
7 71
7 82
7 45

June 4
11
18

9 20
9.13
8 54
8 34

15ec 2
9
16
23
30

692

7 84
7 9g
7 HO
7 21

Aim 5
^ 12
19
26

Feb 4
11
18
25

25

7 93
7 68
8*02
8 21
8 43

07
32
79
32

Dec 3

1970 Jan

1970 Apr 1

6 66
7.04
7.63
7.48
7.79

Rate

9 00
9 07
9*23
8 50
8.05

6 05
6.00
5.45
5.73

i
8
15
22
29

Week cndin;.;

1969 =July 2
9
16
23
30

Nov. 6
13
20 . .
27

1 9 69 Jan

Rate

93
82
64
34

6 07

5
4
*j
4

50
91
07
84

4.82

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES


A. ANNUALLY AND MONTHLY, 1941-70
(Per cent per annum]
3-month bills J

Year

Rate
on new
issue

Market
yield

6-month bills
Rate
on new
issue

9- to 12-month issues
I-year
bills
(market
yield) '

Market
yield

Other >

3- to 5year
issues

1941.
1942.
1943.
1944.

,103
.326
.373
.375

.13
.34
.38
.38

1945.
1946.
1947.
1948.
1949.

.375
.375
.594
1.040
1.102

.38
.38
.61
.05
.11

1.14

1950.
1951.
1952.
1953.
1954.

1.218
1.552
1.766
1.931
.953

.20
.52
.72
.90
.94

1.26
1.73
1.81
2.07
.92

.50
.93
2.13
2.56
1.82

1955.
1956.
1957.
1958.
1959.

1.753

2.658
3.267
3,405

1.73
2.62
3.23
1.78
3.37

3.832

3.79

1.89
2.83
3.53
2.09
4.11

2.50
3.12
3.62
2.90
4.33

1960.
1961.
1962.
1963.
1964.

2.928
2.378
2.778
3.157
3.549

2.87
2.36
2.77
3.16
3.54

3.247
2.605
2.908
3.253
3.686

3.20
2.59
2.90
3.25
3.68

3.41
2.81
3.01
3.30
3.74

3.55
2.91
3.02
3.28
3.76

.
3.60
3.57
3.72
4.06

1965.
1966.
1967.
1968.
1969.

3.954
4.881
4.321
5.339
6.677

* 3.95
4.86
4.29
5.34
6.67

4.055
5.082
4.630
5.470
6.853

<4.06
5.06
4.61
5.47
6.86

4.06
5.07
M.72
5.46
6.79

4.09
5.17
4.84
5.62
7.06

4.22
5.16
5.07
5.59
6.85

1970.

6.458

6.39

6.562

6.51

6.49

6.90

7.37

1.839

.75
.79
.81
.82
.88
1.14

3-month bills l
Month

3- to 5year
issues

9-to 12month
issues

3- to 5year
issues

.78
.78
,80
.78
.77
.79
.77
.76
.79
.80
.81
.80

1.30
1.32
1.36

1945Jan.. .
Feb..
Mar..
Apr..
May.
June.
July. .
Aug..
Sept..
Oct.. .
Nov..
Dec..

.78
.77
.78
.77
,80
.81
.80
.82
.84
.83
.84

,31
.22
.18
.14
.16
.16
.16
.17
.19
1.17
1.14
1.13

1946=Jan.. .
Feb..
Mar..
Apr..
May.,
June.
July. .
Aug..
Sept..
Oct.. .
Nov..
Dec..

.79
.76
.79
.81
.83
.83
.84
.84
.85
.83
.84
.85

1.06
.99
.96
1.10
1.16
1.15
1.15
1.19
1.27
1.29
1.28
1.30

Month

Market
yield
.02
.04
.11
.10
.11
.12
.12
.13
.10
.09
.28
.33

.76
.81
.84
.81
.72
.68
.67
.62
.62
.72
.98
1.10

1944=Jan.. .
Feb..
Mar..

May!
June.
July..
Aug..
Sept. ,
Oct...
Nov..
Dec...

(6)
.034
.089
.092
.082
.089
.097
.108
.055
.049
.242
.298

1942Jan...
Feb..
Mar..
Apr,.
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..

.213
.250
.212
.299
.364
.363
.368
.370
.370
.372
.371
.363

.27
.25
.25
.32
.37
.37
.38
T

1.05
1.02
1.02
1.06
1.11
1.41
1.45
1.47
1.47
1.48
1.49
1.48

1943Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec..

.367
.372
.373
.373
.373
.374
.374
.375
.375
.375
.375
.375

1.43
1.41
1.40
1.39
1.36
1.32
1.30
1.29
1.31
1.31
1.29
1.30

.38

.80
.76
.75
.76
.73
.75
.78
.78
.70
.68
.75
.77
.78
.77
.77

For notes see last page of Part B of this table.

Digitized for FRASER


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

.18
.16
.32
.62
.43

3-month bills
9-to 12month
issues

Rate
on new
issue

1941Jan...
Feb..
Mar..

.73
.46
.34
.33

693

Rate
on new
issue
.374
,375

May!
June.
July. .
Aug..
Sept..
Oct.. .
Nov..
Dec..

.375
.375
.375

Market
yield
.38

'.35
.34
.31
.30
.31
.35
.34
.35

MONEY RATES AND SECURITIES MARKETS


12.7 YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES
A. ANNUALLY AND MONTHLY, 1941-70Continued

Continued

[Per cent per annum]


3-month bills

3-month bills
Rate
on new
issue

Month

1947

1 948

.375
.376
.376
.376
.376
.376
.637
.744
.791
.841
.920
.948

Jan
Feb
.
Mar , . .
Apr
May. . . . .
June
July.
Auc
Sept. . .
Get
Nov . .
Dec
Jan
Feb
Mar
Apr
May
June
July .
AUK
Sept
Oct
Nov . .
Dec

. .

,970
,994
.997
.997
.998
.998
.997
1.033
.087
.118
.139
.153

9- to 12month
issues

Market
yield

1,

.66
.75
.80
.85
.92
,95

.97
l.GO
t

1.09
1.10
.09
.10
.09
.09
.10
.15
.18
.23

1.00
.06
.09
.12

i?

T
.17
.02
.04
.07
,05
.08
.10

,22
.22
.22
.20
.19
.20
.04
.07
.08
.09
.09
.10

1.090
.125
.138
.159
.166
.174
.172
.211
.315
.329
,364
.367

,07
.12
.12
.15
.16
.15
.16
.20
,30
.31
.36
.34

,12
.15
.16
.17
.18
,23
.23
.26
.33
.40
.47
,46

1951, jan
Feb
Mar . ,
Apr
May. . . .
June
July
Aug
Sept
Oet
Nov
Dec

1.387
1.391
1.422
1.520
1.578
1.499
1.593
1.644
1.646
1,608
1.608
1.731

.34
.36
.40
.47
.55
.45
.56
.62
.63
.54
.56
.73

.47
.60
.79
.89
,85
.79
.74
.70
.71
.74
.68
.77

1952J an
Feb
Mar .
Apr
May
June

1.688
1.574
1.658
1.623
1,710
1.700
1.824
1,876
1.786
1.783
1.862
2.126

.57
.54
.59
.57
.67
.70
.81
.83
.71
1.74
1.85
2.09

.75
.70
.69
.60
.66
.74
.89
.94
.95
1.S4
1.89
2.03

o
,

J u ly

AUK
Sept
Oct
Nov . .
Dec

1950

<,

Jan
Feb
Mar
Apr
May
June
.
July
Aug
Sept
Get
Nov , ,
Dec

. ,

July.,

Aug
*.
Sent *
Get.
Nov
Dec

Digitized for FRASER


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

Month

j
.84
.85
.82
,83
,85
.85
.85
.85
-.87
.97
.99
1.04

.38

.159
.163
1.162
1.157
1.153
1.158
.980
1,022
1,061
1,043
1.061
1.102

1949 Jan
Feb
Mar
Apr
May
June

3- to 5year
issues

!
i

!
i

Rate
on new
issue

Market
yield

9- to 12month
issues

3- to 5year
issues

1.26
1.26
1.24
.24
.27
.29
.33
.31
1.28
1.35
1.47
1.54

1953_Jan
Feb
Mar
Apr..
May....
June,
July. .
Aus..
Sept
Get. ,
Nov
Dee. .

2.042
2.018
2.082
2.177
2.200
2.231
2.101
2.088
1.876
1.402
1.427
1.630

1.96
1.97
2.01
2.19
2.16
2.11
2.04
2.04
1.79
1.38
1.44
1.60

1.97
1,97
2.04
2.27
2.41
2.46
2.36
2.33
2.17
1.72
1.53
1.61

2.39
2,42
2.46
2.61
2,86
2.92
2.72
2.77
2.69
2.38
2.32
2.22

1.63
1.63
1.60
1.58
1.51
1.49
1.56
1.65
1.69
1.71
1.69
1.64

1954^Jan
Feb
Mar
Apr.
May
June
July
Aug
Sept
Get .
Nov
Dec.

1.214
.984
1.053

.782
.650
.710
.892
1.007
.987
.948
1.174

1.18
.97
1.03
.96
,76
.64
.72
.92
1.01
.98
.93
1.14

1.33
1.01
1.02
.90
.76
.76
.65
.64
.89
1.03
.94
1.10

2.04
1.84
1.80
.71
.78
.79
.69
,74
.80
.85
.90
1.94

..54
1?
.53
.49
.42
.26
.26
.34
.38
.37
.37

1955 -Jan
Feb.
Mar
Apr
May
June
July
Aug .
Sept.,
Get
Nov
Dec.

1.257
1.177
1.335
1,620
1.491
1.432
1.622
1.876
2.086
2.259
2.225
2.564

1.23
.17
.28
.59
.45
.41
.60
.90
2.07
2.23
2,25
2.54

1.36
1.41
1.49
1.71
1.72
1.71
1.88
2.12
2.14
2.19
2.28
2.56

2.11
2.18
2.30
2.39
2.40
2.42
2.54
2.73
2.72
2.58
2.70
2.83

.39
.44
.45
.45
.45
.47
.45
.45
,55
.65
.62
.64

1956Jan
Feb.
Mar
Apr.
Mav
June,
July
AUR..
Sept, .
Get
Nov
Dee

2.456
2.372
2.310
2,613
2.650
2.527
2.334
2.606
2.850
2.961
3.000
3,230

2.41
2.32
2.25
2.60
2,61
2.49
2.31
2.60
2.84
2.90
2.99
3.21

2.50
2.38
2.43
2.83
2.83
2.69
2.62
3.01
3.17
3.07
3.15
3.33

2.74
2.65
2.83
3.11
3.04
2.87
2.97
3.36
3.43
3.29
3.49
3.65

1.66
1.67
1.86
2.03
2.04
2.00
1.94
1.89
1.93
2.00
2.01
2.09

1957= jan .
Feb
Mar
Apr
May
June

3.210
3.165
3.140
3.113
3.042
3.316
3.165
3.404
3.578
3.591
3.337
3.102

3,17
3.23
3.35
3.41
3.37
3,55
3.71
3.93
4,02
3,94
3,52
3.09

3.40
3.33
3.38
3.48
3.60
3.77
3.89
3,91
3.93
3,99
3.63
3.04

2.08
2.07
2,02
1.93
1.95
2.04
2,14
2.29
2.28
2.26
2.25
2.30

1958- Jan
Feb.
Mar..
Apr
May
June
July
Aug
Sept..
Get
Nov
Dee

3.11
3.11
3.08
3.06
3.06
3.29
3.16
3.37
3.53
3.58
3.29
3.04
2 44
L54
1.30
1.13
.91
.83
.91
.69
2.44
2.63
2.67
2.77

2.56
1.93
1.77
1.35
1.21
,98
1.34
2.14
2.84
2.83
2.92
3.24

2.77
2.67
2.50
2.33
2.25
2.25
2.54
3.11
3.57
3.63
3.60
3.65

July

i.on

....

. ..

Aug .
Sept
Get
N0V

Dec..

694

o ...

2.598
1.562
1.354
1.126
1.046
.881
.962
1.686
2.484
2.793
2.756
2J14

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIESContinued


A. ANNUALLY AND MONTHLY, 1941-70Continued
[Per cent per annum]
3-month bills
Month

6-month bills

Other

3- to 5year
issues

4.31
4.83
4.69
4.54
4.99

3.26
3.38
3.56
3.66
3.92
3.97
4.30
4.32
4.80
4.65
4.70
4.98

3.86
3.85
3.88
4.03
4.16
4.33
4.40
4.45
4.78
4.69
4.74
4.95

4.74
4.30
3.61
3.55
3.58
2.74
2.71
2.59
2.83
2.73
2.66
2.50

4.95
4.45
3.68
3.83
4.01
3.10
3.03
2.82
2.86
2.92
2.87
2.64

4.93
4.58
3.93
3.99
4.19
3.35
3.13
2.89
2,99
3.01
2.99
2.79

4.87
4.66
4.24
4.23
4.42
4.06
3.71
3.50
3.50
3.61
3.68
3.51

2.496
2.601
2.591
2.493
2.436
2.546
2.457
2.670
2.689
2.702
2.686
2.875

2.47
2.60
2.54
2.47
2.44
2,54
2.45
2.66
2.68
2.66
2.70
2.88

2.63
2.75
2.76
2.74
2.72
2.80
2.79
2.91
2.88
2.90
2.90
2.97

2.70
2.84
2.86
2.83
2.82
3.02
2.87
3.03
3.03
2.97
2.95
3.03

3.53

2.72
2.73
2.72
2.73
2.68
2.73
2.92
2.82
2.78
2.74
2.83
2.87

2.965
2.955
2.883
2.838
2.789
2.804
3.085
3.005
2.947
2.859
2.875
2.908

2.94
2.93
2.87
2.83
2.78
2.80
3.08
2.99
2.93
2.84
2.89
2.91

3.19
3.21
2.98
2.90
2.91
2.89
3.17
3,10
2.99
2.90
2.94
2.94

3.08
3.11
2.99
2.94
2.98
3.02
3.23
3.13
3.00
2.90
2.92
2.95

3.84
3.77
3.55
3.48
3.53
3.51
3.71
3.57
3.56
3.46
3.46
3.44

2.914
2.916
2,897
2.909
2.920
2.995
3.143
3.320
3.379
3.453
3.522
3.523

2.91
2.92
2.89
2.90
2.92
2.99
3.18
3.32
3.38
3.45
3.52
3.52

2.962
2.970
2.950
2.988
3.006
3.078
3.272
3,437
3.494
3.573
3.648
3.667

2.96
2.98
2.95
2.98
3.01
3.08
3.31
3.44
3.50
3.58
3.65
3.66

3.00
3.00
2.97
3.03
3.06
3.11
3.40
3.50
3.57
3.61
3.67
3.69

2.97
2.89
2.99
3.02
3.06
3.17

3.47
3.48
3.50
3.56
3.57
3.67
3.78
3.81
3.88
3.91
3.97
4.04

3.529
3.532
3.553
3.484
3.482
3,478
3.479
3.506
3.527
3.575
3.624
3.856

3.52
3,53
3.54
3.47
3.48
3.48
3.46
3.50
3.53
3.57
3.64
3.84

3.652
3.664
3.740
3.676
3.612
3.572
3.566
3,618
3.666
3,729
3.794
3.971

3.64
3.67
3.72
3.66
3.60
3.56
3.56
3.61
3.68
3.72
3.81
3.94

3.68
3.71
3.78
3.75
3.71
3.70
3.64
3.67
3.73
3.79
3.86
3.96

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

2.837
2.712
2.852
2.960
2.851
3.247
3.243
3.358
3.998
4.117
4.209
4.572

2.82
2.70
2.80
2.95
2.84
3.21
3.20
3.38
4.04
4.05
4.15
4.49

3.097
3.166
3.159
3.277
3.368
3.531
3.885
3.840
4.626
4.646
4.585
4.915

3.09
.12
.13
.27
.32
.52
.82
.87
4.70
4.53
4.54
4.85

I960Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4.436
3,954
3.439
3.244
3.392
2.641
2.396
2.286
2.489
2.426
2.384
2.272

4.35
3.96
3.31
3.23
3.29
2.46
2.30
2.30
2.48
2.30
2.37
2.25

4.840
4.321
3.693
3.548
3,684
2.909
2.826
2.574
2.803
2,845
2.650
2.530

1961Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

2.302
2.408
2.420
2.327
2.288
2.359
2.268
2.402
2.304
2.350
2.458
2.617

2.24
2.42
2.39
2.29
2.29
2.33
2.24
2.39
2.28
2.30
2.48
2.60

1962 -Jan
Feb
Mar
Apr
May
June
July
Aug..
Sept
Oct
Nov..
Dec

2.746
2.752
2.719
2.735
2.694
2.719
2.945
2.837
2.792
2.751
2.803
2.856

1963Jan
Feb
Mar
Apr
May. ,
June.
July
Aug
Sept
Oct
Nov
Dec
1964Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1959Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

For notes liee last page of Part B of this table.

Digitized for FRASER


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

9- to 12-month issues

695

I -year
bills
(market
yield) 2

3.77

3.67
3..83
3,.68
3..73
3..82
3..83
3.8

3.96

3.54

43
39
28
70
69
80
3.77
3.64
3.68
3.82

4.06
4.02
4.15
4.18
4.07
4.03
3.99
3.99
4.03
4.04
4.04
4.07

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIESContinued


A. ANNUALLY AND MONTHLY, 1941-70Continued
[Per cent per annum]
3-month bills

6-month bills

---r

9- to 12-month issues

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

1-year
bills
(market
yield)} -

Other '

3^ to 5year
issues

1965 Jan
Feb
Mar
Apr
May
June.....
July
Aug
Sept
Oct
Nov
Dec

3.828
3.929
3.942
3.932
3.895
3.810
3.831
3.836
3.912
4.032
4.082
4.362

3.81
3.93
3.93
3.93
3.89
<3.80
3.84
3.84
3.92
4.03
4.09
4.38

3.944
4.003
4.003
3.992
3.950
3.872
3.887
3.938
4.050
4.197
4.238
4.523

3.94
4.00
4.00
3.99
3.95
^3.86
3.90
3.95
4.07
4.19
4.24
4.55

3.91
4.00
4.02
4.00
3.96
3.89
3.89
3.96
4.09
4.16
4.23
4.56

3.87
3.97
4.03
4. CM)
3.99
3.98
3.96
4.00
4.11
4.18
4.29
4.66

4.06
4.08
4,12
4.12
4.11
4.09
4.10
4.19
4.24
4.33
4.46
4.77

1966 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept.....
Oct
Nov
Dec

4.596
4.670
4.626
4.611
4.642
4.539
4.855
4.932
5.356
5.387
5.344
5.007

4.59
4.65
4.59
4.62
4.64
4.50
4.80
4.96
5.37
5.35
5.32
4.96

4.731
4.820
4.825
4.742
4.814
4.696
4.982
5.189
5.79B
5.652
5.604
5.108

4.71
4.82
4.78
4.74
4.81
4.65
4.93
5.27
5.79
5.62
5.54
5.07

4.69
4.81
4.81
4.76
4.85
4.78
4.94
5.34
5.80
5.52
5.49
5.00

4.83
4.92
4.96
4.87
4.90
4.94

4.89
5.02
4.94
4.86
4.94
5.01
5.22
5.58
5.62
5.38
5.43
5.07

1967 Jan
Feb
Mar
Apr
May
June
Juty
Aug
Sept
Get
Nov
Dec

4.759
4.554
4.288
3.852
3.640
3.480
4.308
4.275
4.451
4.588
4.762
5.012

4.72
4.56
4.26
3.84
3.60
3.54
4.21
4.27
4.42
4.56
4.73
4.97

4.787
4.565
4.243
3.894
3.808
3.H16
4.798
4.821
4.964
5.100
5.286
5.562

4.74
4.59
4.22
3.89
3.80
3.89
4.72
4.83
4.96
5.07
5.25
5.49

4.61
4.57
4.18
3.90
3.88
4.16
4.90
*5.05
5.10
5.22
5.39
5.59

4.71
4.64
4.35
4.03
4.09
4.40
4.98
5.10
5,21
5.32
5.55
5.69

4.71
4.73
4.52
4.46
4.68
4.96

1968 Jan
Feb
Mar
Apr
May
June.
July
Aug
Sept
Oet
Nov
Dec

5.081
4.969
5.144
5.365
5.621
5.544
5.382
5.095
5.202
5.334
5.492
5.916

5.00
4.98
5.17
5,38
5.66
5.52
5.31
5.09
5.19
5.35
5.45
5.96

5.386
5.144
5.293
5.480
5.785
5.652
5.480
5.224
5.251
5.401
5.618
6.014

5.24
5.17
5.33
5.49
5.83
5.64
5.41
5.23
5,25
5,41
5.60
6.06

5.30
5.24
5.42
5.47
5.84
5.68
5.39
5.15
5.18
5.33
5.51
5.97

5.39
5.37
5.55
5.63
6.06
6.01
5.68
5.41
5.40
5.44
5.56
6.00

5,53
5.59
5.77
5.69
5,95
5,71
5.44
5.32
5.30
5.42
5.47
5.99

1969Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

6.17?
6.156
6.080
6.150
6.077
6.493
7.004
7.007
7.129
7.040
7.193
7.720

6.14
6.12
6.02
6.11
6.04
6.44
7.00
6.98
7.09
7.00
7.24
7.82

6.312
6.309
6.223
6.168
6.149
6.725
7.285
7.194
7.316
7.297
7.565
7.788

6.28
6.30
6.16
6.13
6.15
6.75
7.24
7.19
7.32
7.29
7.62
7.90

6.07
6.21
6.20
6.04
6.11
6.88
7.19
7.28
7.35
7.21
7.36
7.62

6.26
6.21
6.22
6.11
6.26
7.07
7.59
7.51
7.76
7.63
7.94
8.34

6.04
6.16
6.33
6.15
6.33
6.64
7.02
7.08
7.58
7.47
7.57
7.98

7.914
7.164
6.710
6.480
7.035
6.742
6.468
6.412
6.244
5.927
5.288
4.860

7.87
7.13
6.63
6.51
6.84
6.68
6.45
6.41
6.13
5.91
5.28
4.87

7.863
7.249
6.598
6.568
7.262
6.907
6.555
6.526
6.450
6.251
5.422
4.848

7.78
7.22
6.58
6.60
7.02
6.86
6.51
6.55
6.46
6.21
5.42
4.89

7.51
7.05
6.50
6.53
7.12
7.07
6.62
6.55
6.39
6.23
5.39
4.84

8.22
7.60
6.88
6.96
7.69
7.50
7.00
6.92
6.68
6.34
5.52
4,94

8.14
7.80
7.20
7.49
7.97
7.86
7.58
7.56
7,24
7.06
6.37
5.86

Month

1970Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

II

For notes see last page of Part B of this table.

Digitized for FRASER


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

696

5.10

5.72

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES Continued


B. WEEKLY, 1941-70
[Per cent per annum]
3-month bills l

Week
ending

Rate
on new
issue

Market
yield

3-month bills
3- to
5-year
issues

Week
ending

1941
Jan

Rate
on new
issue

Market
yield

3-month bills
9- to
12month
issues

3- to
5-year
issues

Week
ending

May 1
8
15.....
22
29

,372
.373
.372
.373
.373

June 5
12
19
26

.69
.75
.75
.76

Mar 7
14 ...
21
28

.222
.229
.195
.203

.25
,25
.25
.25

1.01
1.03
1.03
1.01

.73
.71
.72
.67

.32
.33
.33
.32

July 3
10
17
24
31

,374
.375
.374
.374
.374

.68
.68
.69
.69
.68

.29
.28
.32
.31
.31

Aug. 7
14
21
28

.374
.374
.375
.375

.74
,73
.75
.79

.30
.28
.29
.31

Sept. 4

ii:.:..
18

.375
.375
.374
.374

.79
.77
.75
.77

.31
.32
.32
.31

Oct. 2
9
16.. ..
23
30

.375

.77
.76
.81
.79
.79

1.32
1.31
1.32
.31
.30

Nov. 6
13
20
27

.375
.376
.375
.376

.78
.77
,77
.75

,30
,30
.29
.29

Dec. 4
11
18
25

.375
.375
.375
.375

,78
.77
.77
.76

.29
.29
.31
.31

1
8
15
22
29

.375
.373
.374
.374
.374

.77
.76
.77
.78
.79

.31
.29
,29
.31
.32

Feb. 5
12
19
26

.374
.374
.375
t

.78
,77
.79
.79

.32
.32
.32
.32

Mar. 4
U
18
25

.80
.79
.81
.80

.33
.33
.33
.39

.80
.80
.78
.77
.77

.39
.37
.36
.35
.35

.77
.75
.78
.79

.35
.34
,35
.35

,79
.79
.79
.79

.34
.33
.34
.35

Apr. 4
tl
18
25

.221
.264
.281
.317

.25
.29
.32
.34

1,03
1.05
1.04
1.07

.043
.086
.120
.117
.065

.09
.12
.14
.11
.08

.81
.86
.84
.83
.84

May 2
9
16
23 ...
30

.335
.358
.368
.365
.365

.35
.38
T

1.09
1.11
1.11
1.11
1.11

.055
.079
.093
.097

.08
.10
.11
.12

.86
.86
.82
.77

June 6
13
20
27

.365
.366
.365
.362

1.13
1.41
1.41
1.42

.097
.096
.069
.070
.069

.12
.12
.10
.10
JO

.74
.73
.73
.72
.71

July 4
11
18 . . . .
25

.360
.365
.365
.368

1.42
1.44
1.46
1.46

14.. .
21
28

,107
.100
,103
.066

,13
.13
.12
.10

.70
.67
.68
,68

Aug 1
8
15
22
29

..

.369
.372
.372
.372
.369

.83
.78

1.47
1.49
1.48
1.47
1.46

July 5
12.. .
19
26

.086
.097
.097
.098

.10
.12
.12
.12

.67
.68
.68
.68

Sept. 5
12
19
26

..
..

.367
.368
.369
.370

.76
.77
.76
.77

1.46
1.47
1.47
1.48

Aug. 2
9.
16
23.
30

.094
.106
.114
.116
.114

.12
.12
,13
,13
.13

.63
.63
.64
.61
.60

Oct. 3
10 . .
17
24
31

.373
.369
.373
.373
.373

.78
77
76
.73
.72

1.47
1.47
1.49

Scot. 6

27

.090
.071
.050
.037

,11
.10
.10
.08

.58
.58
,63
.65

Nov 7
14
21
28

.373
.373
.371
.370

.81
.80
.80
.79

Oct. 4.
11
18.
25

.062
.002
.001
.024

.11
.07
.06
.06

.66
.69
.72
.73

Dec. 5
12
19
26

.368
.367
,364
.363

.79
.79
.78
.82

1.49
1.48
1.48
1.49

Nov 1
8
15...
22
29

.067
.151
.200
.258
.267

.15
.25
.28
.30
.30

.78
.91
.98
1.02
1.02

Dec. 6
13
20
27

.242
.293
.295
.295

.30
.33
.35
,35

1.06
1.13
1.11
1.12

.365
.357
,363
.366
.370

.81
.80
.76
.75
.72

1.49
.44
.43
.41
.41

Feb. 6
13
20
27

.369
.372
.373
.374

.73
.75
.72
.73

.39
.40
.42
.42

AP

3
10
17
24. . ,
31 ,

.310
.304
.119
.196
,231

.35
.32
.24
.24
.25

1.10
1.07
1.06
1.04
1.02

Mar. 6
13
20
27

.369
.371
.373
.373

.75
.75
.75
.74

.41
.41
.39
.39

May

Feb 7
14..,
21,.,
28.. ,

.220
.250
.263
.266

.22
.23
.27
.25

1.03
1.02
1.02
1.02

Apr. 3
10
17
24

.374
.374
.373
.371

.75
.79
,79
.77

.39
.40
.39
.38

Apr. 5.. .
12
19...
26
May 3
10
17...
24
31

iS:;:::::
20. . .

1942
Jan

..

2 ..
9 ..
16
23
30

.38

For notes see last page of Part B.

Digitized for FRASER


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

697

25..'...

1944

1943
Jan

.38

.374
.374
.374
.374

.79
.80
,82
.81

3- to
5-year
issues

.39
.39
.38
.34
.33

.02
.03

Mar 1
8,,,
15
22
29..

9- to
12month
issues

.78
.81
.80
.77
.74

.000
.007

Feb. 1 ...
8
15
22

Market
yield

1943

1942
.02
t

4
11...
18
25...

Rate
on new
issue

Jan.

S:::::
15
22
29

,!:::::

20
27

June 3
10
17
24

,375
.374
.375

.375

is

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES

- Continued

B. WEEKLY, 1941-70Continued
[Per cent per annum]
3-month bills
Week
ending

Rate
on new
issue

Market
yield

9- to
12month
issues

3-mon th bills
3- to
5-year
issues

Rate
on new
issue

Market
yield

Rate
on new
issue

9- to
123- to
month 5-year
'. issues ; issues

1946

.34
.32
.31
.31
.31

Sept. 1 ...
8...
15...
22...
29...

Aug. 5..
12..
19..
26,.

.77
.77
.75
.75

.30
.30
.30
,30

Oct. 6...
13...
20...
27...

Sept. 2. .
9..
16..
23..
30..

.28
.27
.29
.34
.34

Nov. 3 . . .
10...
17...
24...

i
.375
.376

.75
.79
.78
.78
.80

Oct. 7 . .
14..
21..
28..

.375
.376
.376
.375

.80
.80
.80
.79

- .35
.35
.34
.34

Dec. 1 ...
8...
15...
22...
29...

.375
.375
.375
.375
.375

Nov. 4..
11..
18..
25..

.81
.81
.81
.80

.35
.35
.34
.33

.80
.80
.80
.81
.81

.35
.35
.35
.36
.36

.80
.78
.79
.77

.34
.33
1.32
1.29

Mar. 2 . . .
9...
16...
23...
30...

.375
.375
.374
.375
t

.38
j

i
.375

1945
Jan. 6. .
13..
20..
27..

Market
yield

Week
ending

1945
.79
.78
.78
.77
.76

Dec. 2..
9..
16..
23..
30..

3-month bills

9- to
123- to
month 5-year
issues i issues

i!

1944

July 1 . .
8..
15..
22..
29..

Week
ending

.373
.375

,375

.38

.18
.21
.20

.84
.84
.82
.81

.20
.17
,16
,16

Dec. 7 . . .
14...
21...
28...

.376
.375
.375
.375

1947

.17
.15
.13
.13

.84
.84
.84
.84

j;
!|

1946
Jan. 5...
12...
19...
26...

.376

.85
.85 |
.84

Nov. 2 . . .
9...
16...
23...
30...

.17

;. .84

.373
.375

Feb. 2 . . .
9...
16...
23...

.16

.83

.85
.84
.83
.83
.84

i:

.14
.13
.12
.15
.14

Jan. 4,. .
11...
18...
25...

.38

i
:

.84
.84
.85
.84
,85

1.27
1.27
1.27
1.28
1.30

.85
.85
,84
,85

1.31
1.29
1.32
1.29

.374
,375
.376 J
* 1

i
i
!

.85
.84
.83
.81
.81

1,27
1.27
1.25
1,23
1.21

.81
.82
.83
,83

1.22
1.22
1.25
1.24

.84
.85
f

1,26
1,27
1.28
1.27
1.26

.84
.82 !
.78 1
,77 !

1.12
1.07
1.05
1,03

.78
.77
.76
.75

1.03
1.01
1.00
.96

Apr. 5 . . .
12...
v!9,..
26...

.76
,78
.79
.80
.81

.93
.92
.93
.97
1.02

May 3...
10...
17...
24...
31...

il

:
:

.77
.77
.77
.76

1.25
1.24
1.23
1.20

Apr. 6. . .
13...
20...
27...

.80
.80
.80
.82

1.05
1.10
1.12
1.13

June 7. .
14...
21...
28...

*
.85

Mar. 3..
10..
17..
24..
31..

.375
.375
.375
.375
.375

.77
,78
,78
.78
.76

1.20
.18
.19
.18
.17

May 4 . . .
11...
18...
25...

.375

.83
.83
.83
.83

1.12
1.14
1.18
1.18

July 5...
" 12...
19...
26...

.376
.594
.737
.740

,38
.60
.75
1

.86
.86
.85

.376
.375
.375
.375
.375

.84
.83
.83
.83
,84

.17
.15
.12
.15
.16

Aug. 2. . .
9,..
16...
23...
30...

.740
.740
.741
.741 i
.752 ::

1
.75
.76

.75
.76
.78
.79

.15
.15
.14
.14

May 5..
12..
19..
26..

.79
.79
.80
.81

.14
.16
.17
.17

July 6 . . .
13...
20...
27...

.376
.375
.375
.375

.84
.84
.84
.83

.13
Sept. 6 . . .
.14
13...
.18
20...
.16 !
27...

.766
.789 !!
.802
.808 j

June 2. .
9..
16..
23..
30..

.81
.81
.81
.81
.80

.18
.17
.17
.14
.14

Aug. 3 . . .
10...
17...
24...
31...

.376
.376
.376
.375

.84
.84 i
.84 !
.83
.84

.16
Oct. 4 . . .
.16 !!
11...
.17
18...
.20
25...
.22

July 7..
14..
21..
28,.
Aug. 4..
11..
18..
25..

.375

Digitized for FRASER


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

'

'i

,38

.79
.78
.80
.82

.14
.14
.17
.19

Sept. 7 . . .
14...
21...
28...

.82 !
.81
I
.82
.83

.18
.17
.17
.19

Oct. 5...
12...
19,..
26...

i
i
.375

*
.38

698

1.33
1.33
1.33
1.29
1,27

li

.77
.79
.81
.82

.85
.87
.87

'
i
!

1.27
1.28
1.28
1.28

.817
.827
.835
.855

.83
.84
.85
.86

.93
.96

.96

1.29
1.30
1.33
1.37

.88
.90
.92
.93
.95

.98
M
.98
1.00
1.01

.95
.95
.95
.96

1.04
1.04
1.03
1.04

.85
.85
.85
.85

.26 i
.28
.29

8...
15...
22...
29...

.85
.83
.83
.83

.30 Dec. 6 . . .
.30
13..
.30
20...
.29 ;|
27...

.944
.948
.949
.951

.25 ;i

1,33
1.32
1.33
1.33

.873
.895
.912
,931
.940

!i Nov. 1 ...

1.26
1.27
1.32
1.32

June 1 ...
8...
15...
22...
29...

1.25
1.25
1.26
1.26

22...

Mar. 1 ...
8...
15...
22...
29...

.376
.375
1

.85
.84
.85
.85

Feb. 1 . . .
8...
15...

.375
.376

Apr. 7..
14..
21..
28..

1.29
1.28
1.27
1.24

.84
.84
.84
J3

Feb. 3..
10..
17..
24..

.87

.98

1.42
1.45
1.47
1.47
1.49
1
|

1.49
1.48
1.55
1.61

MONEY RATES AND SECURITIES MARKETS


12.7 YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES Continued
B. WEEKLY, 1941-70Continued
[Per cent per annum]
3-month bills
Week
ending

Rate
cm new
issue

Market
yield

9- to
12month
issues

3-month bills
3- to
5-year
issues

1948

Week
ending

Rate
on new
issue

Market
yield

3-month bills

9- to
12month
issues

3- to
5-year
issues

Week
ending

Rate
on new
issue

Market
yield

9- to
12month
issues

3- to
5-year
issues

1950

1949
Mar. 5...
12...
19...
26...

.163
.162
.162
.162

.17
.17
.17
.17

1.22
1.22
1.23
1,23

1.58
1.56
1.54
1.52

May 6 . . .
13...
20...
27..,

.166
,166
.165
.167

1.16
1.16
.15
.16

1.18
1.18
1.18
1.18

1.47
1.44
1.45
1.45

.64
.64
.62
1.63

Apr. 2, . ,
9,..
16...
23...
30...

,162
.160
.153
.157
.156

.17
.16'
.16
.17
.17

1.23
1.21
1.20
1.20
1.19

1.52
1.53
1.54
1.53
1.52

June 3. . .
10...
17...
24...

.169
.179
.177
.174

.17
.16
,15
.14

1.23

1.45
1.46
1.47
1.47

May 7 . . .
14...
21...
28.,.

.147
.148
.157
.159

.16
.16
.17

1.19
1.18
1.19
1.18

1.51
1.51
1.48
1.47

July 1 . . .
8...
15...
22...
29.,.

.172
.174
.168
.173
.174

.14
.16
.15
.16
.16

1.62
1.62
1.60
1.58

1.23
1.22
1.23
1.23

1.49
1.48
1.45
1.45
1.44

.09
.10
.10
.10

.59
.58
.57
.58

June 4. , .
11...
18...
25..,

.159
.158
.158
.158

1.17

1.2!
1.20
1.20
1.21

1.46
1.43
1.42
1.41

Aug. 5 . . .
12...
19...
26...

.174
.174
.173
.247

.16
.16
.16
.26

1.23
1.23
1.23
1.30

1,45
1.44
1.45
1.44

.997
.998
.998
.997
.997

.10
.10
.09
.07
.08

.58
.57
.54
.47
.47

July 2 . . .
9...
16...
23...
30...

1.158
1.052
.923
.928
1.017

1.14
1.01
1.00
1.01
1.03

1.16
1.04
1.02
1.03
1.06

1.36
1.26
1,25
1.26
1.27

Sept. 2 . . .
9...
16...
23.,.
30...

.285
.308
.311
.317
.324

.29
.30
.30
.30
.31

1.32
1.33
1.33
1.33
1.34

1.48
.51
.54
.55
.59

June 5 . .
12..
19..
26..

.997
.998
.998
.998

.09
.09
.09
.09

.46
.46
.47
.52

Aug. 6...
13...
20...
27...

1,032
1,007
1.017
1.031

1.04
1.02
1,04
1.05

1.05
1.06
1.06
1.08

1.28
1.24
1.25
1.26

Oct. 7...
14...
21...
28...

.324
.337
.337
.316

.32
.33
.30
.29

1.35
1.35
1.40
1.45

.60
.64
.68
.66

July 3,.
10..
17..
24..
31..

.997

.54
.55
.55
.57
1.59

Sept, 3 ...
10...
17...
24...

1.054
1,055
1.058
1.062

1,06
1.06
1.06
1.07

1.08
1.08
1.08
1.08

1,25
1.24
1.37
1.38

Nov. 4 . . .
11...
18...
25...

.341
.350
.366
.380

.33
,34
,35
.37

1.47
1.47
1.47
1.47

1.64
1.62
1.60
1.62

Aug. 7 . .
14..
21..
28..

i
.997

1.066
1.072

1
1.00
1.05
1.08
1.09

.09
.10
.10
.10
.10
.10
.16
.16
.17

1.61
1.66
1.66
1.67

Oct. 1 . . .
8...
15...
22...
29...

1.076
1.059
1.050
1.027
1.036

1.08
1.05
1.05
1.03
1.05

1,09
1.08
1.09
1.08
1,09

1.39
1.37
1.39
1.39
1.38

Dec. 2 . . ,
9..,
16...
23...
30...

.383
.366
.351
.368
.382

.38
.32
.31
.35
.37

1,46
1.46
1.46
1,47
t

1.63
1.64
1,63
1,65
1.65

Sept. 9.,
11..
18..
25..

1.075
1.076
1.083
1.092

1.08
1.08
1.09
1.10

.17
.17
.17
.18

1.66
1.68
1.69
1.70

Nov. 5 ...
12...
19...
26...

.063
.074
.056
.052

1.08
1.08
1.05
1.07

1.10
1.10
1.08
1.09

1.37
1.36
1.36
1.38

Jan. 6 . . .
13...
20...
27...

.381
.387
.391
.389

.32
.36
.32
.35

1
1.47

Feb. 3...
10...
17...
24...

.391
.391
.391
.390

.38
.36
.36
.36

1.61
1.61
1.59
1.59

.67
.68
,67
.67

Jan.

3..
10..
17..
24..
31..

.952
.950
.976
.981
.990

.96
.96
.97
.98
.99

1.05
1.08
1.09
1.09
1.10

.65
.63
.64
.64
.64

Feb. 7..
14..
21..
28..

.990
.994
.996
.997

.99
1.00
t

1.10
1.10
1.09
t

Mar. 6..
13..
20..
27..

.997
.997
,996
.996

Apr. 3..
10..
17..
24..

.996
.997
.998
.997

May I . .
8..
15..
22..
29..

.20
.23

1.70
1.71
1.71
1.71
1.72

1.23
1.22
1.22

1.72
1.71
1.67
1.69

1.21
1.21
.21
1.22

1.67
1.65
1.65
.64

1.16
1.17

1.63
1.61
1.60
1.59
1.58

L57
1.57
1.58
1.59

30..

.109
,114
.118
.118
.120

1.11
1.11
1.12
1.12
1.13

Nov. 6..
13..
20..
27..

,129
.138
.141
.147

1.14
1.14
1.15
1.14

Dec. 4..
11..
18..
25..

.150
.152
.153
.154

1.14
1.16

Oct. 2..
9,.
16..
23..

1949
I ..
8..
15..
22..
29..

.157
.155
.160
,160
.160

Feb. 5.,
12..
19..
26..

.161
.163
.163
.164

Jan.

I
T

1.17

Digitized for FRASER


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

1.22

1951

'

.66
.67
.66
.66

.108
.115
.115
.087
.087

1.12
1.12
1.11
1.09
1.09

1.11
1.11
1.10
1.09
1.09

1.38
1.37
1.37
1.36
1.37

Jan. 7...
14...
21.. .
28...

1.081
1.076
1.101
1.103

1.06
1.06
1.07
1.08

1.10
1.10
1.13
1.13

1.35
1.36
1.39
1.42

Mar. 3 ...
10...
17...
24...
31...

.390
.406
,402
.405
.507

.37
,37
.35
.38
,50

1.60
1.72
1.79
1.80
1.94

1.69
1.78
1.86
1.92
2.03

Feb. 4. . .
11...
18...
25...

.118
.119
.131
.132

,11
1.11
1.12
1.12

1.14
1.14
1.15
1.15

1.44
1.43
1.45
1.44

Apr. 7 . . .
14...
21...
28...

.517
.528
.529
.506

.48
.50
.46
.44

1.90
1.91
1.96
1.82

2.03
2.02
2.05
2.00

Mar. 4 . . .
11...
18...
25. ..

.137
.139
.131
.138

1.12
1.12
1.11
1.12

1.16
1.16
1.16
1.16

1.44
1.44
1.45
1.45

May 5 . . .
12.,.
19...
26...

.508
.566
.626
.591

,48
.56
.59
.55

1.75
1.89
1.90
1.84

2.02
2.07
2.05
2.01

Apr. 1...
8...
15...
22.,.
29...

.145
.148
.160
.160
.166

1.13
1.14
1.15
1.14
1.16

1.16
1.17
1.16
1.17
1.19

1.45
1.44
1.45
1.45
1.46

June 2 . . .
9..'.
16...
23...
30...

.600
.555
.467
1.445
1.527

.54
.47
.36
.41
.53

1.85
1.79
1.76
1.78
1.82

2.02
2.00
1.98
2.01
2.02

Dec. 3 ...
10.. .
17...
24...
31...
1950

699

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES


B.

Continued

WEEKLY, 1941-70Continued
[Per cent per annum]

3-month bills
Week
ending

Rate
on new
issue

Market
yield

9- to
12month
issues

3-month bills

1951

Week
ending==-

1952

1953

Rate
on new
issue

Market
yield

2,28
2,28
2,26
2,28

Nov. 7 . . .
14...
21,..
28...

1.306
1.482
1.433
1.488

.36
1.47
1.42
1.50

1.5)
1.5A
1.4)
1,50

2.34
2.34
2.31
2.30

1.79

2.29
2.29
2.27
2.23

Dec. 5 . . .
12...
19...
26...

1.589
1.603
1.682
1.704

.59
1.62
1.68
1.64

1.62
1.59
1.63
1.62

2.31
2.23
2.22
2.19

2.24
2.22
2.25
2.25
2.27

1.574
1.314
1.336
1.208
,998

1,48

2.26
2.26
2.32
2.36

Jan. 2 . . .
9...
16...
23,..
30...

1.28
1,12
1.01

1.53
1.55
1.44
1.22
1.0)

2.14
2.12
2,07
1.99
1,97

Feb. 6...
13...
20...
27...

1,031
.893
1,024
.986

.99
.9!
.98
.98

1.0*

1.93
1.87
1.82
1.74

1.059
1.066
1.056
1.030

.03
.04

\m

1.0)
1,01
.94

i.85

,02
.03

1.063
1.013
1.066
1.027

.03
,00

.9.2

1.73

.99

.94
.88

.82
.75

.78

.58
.55
.53
.57

.80
.77
.73
.70

1,99
1,94
1.92
1.91

Sept. 6.. .
13...
20...
27...

,884
.850
.774
.635

.84
.81
.62
.60

Aug. 4. .
11..
18..
25..

.611
,652
.660
.651

.60
.62
.63
.61

.72
.73
.71
,68

1.93
1.91
1.90
1.87

Oct. 4 . . .
11...
18...
25...

.760
.829
.836
.735

.79
,75
.67

.645
.646
.646
.644,647

.62
.63
.63
.62
.63

.68
.67
.69
.71
.74

1.87
1.89
1.91
1.93
1.98

Nov. 1 , . .
8...
15...
22...
29...

.757
.796
.843
.877
.931

,75

.93

1.82
1.81
1.85
1.93
1.96

K646
.576
.615
.593

.59
.50
.53
.54

.76
.75
.75
.73

2.00
1.98
2.01
2.01

Dec. 6 . . .
13...

2.049
2.091
2.138
2.228

2.01
2.07
2.13
2.22

2.00
2.02
2.04
2.06

Oct.

6..
13..
20..
27..

Nov. 3..
10..
17..
24..
Dec.

1..
8..
IS..
22..
29..

1617
.610
.619
.585
.609
,632
.700
.725
.865

,55
.57
.58
.52
.58
.63
.69
.74
.88

.72
.68
,68
.68

2.01
2.01
2.00
2.03

.68
.70
.73
.79
.90

2.00
2.02
2.03
2.10
2.24

20...

27,..

.78
.83

.87

.92
1.90
.82

!|

1953
Jan. 3 . . .
10...

17...
24...
31...

Feb. 7...
14...
21...
28...

1952

.94

1.98
1.95
1.94
1

1954

2.191
1.986
2.124
2.097
1.961

2,03
1.99
2.05
.91
.92

2.031
1.993
1.976
2.070

.95
.93

.96
2.07

1.99
1.94
1.95
2.02

2.09
2.03
1.98
1.97

2.04
2.02
2.01
2.09

Mar. 6...
2.36
13...
2.37
2.41
20...
2.38 ]
27...
2.40
Apr. 3 ...
2.41
10...
2,39
17...
24...
2.42
2.46
May 1 ...
2,42
8...
2.44
15...
2.46
22...
2.52
29...
2.52
2.53
2.59
2.65

June 5 . . .
12 . .
19...
26...

.714
.616
.633
.635

1.99
1.96
2.01
1.96
1.97

.30

.04

.886
.773
.825
.813
.718

1.03
M

2.06
2.05

21...
28.,.

.7!
.71
.71
.70

2.05
2.06
2.08
2.08

Apr. 4.. .
11...
18...
25...

2.029
2.073
2,219
2,320

2.02
2.10
2.24
2.25

2.13
2.18
2.29
2.32

.55
.67
.67
.53
.50

.69
.75
.74
.66
.63

2.08
2.10
2.05
1.99
1.96

May 2. , .
"9...
16. . .
23...
30...

2.243
2.352
2.271
2.092
2.084

2.22
2.29 i
2.15 '
2.03
2.14 i

2.38
2,41
2.30
2.29
2.55

2.75
2.85
2.82
2.84
2.96

July 3 , - .
10...
17...
24...
31...

.646
.671
.701
.731

.598
.629
.650
.616

.49
.57
.58
.59

.60
.59
.59
.62

1.95
1.96
1.90
1.91

June 6. . .
13...
20...
27...

2.416
2.324
2.229
1.954

2.27
2.27
2.04
1.89

2.59
2.50
2.43
2.36

,797
.892
.898
.983

May 3 . .
10..
17. .
24. .
31..

.691
.710
.725
.694
.728

.65
.68
.67
.65
.70

.63
.67
.67
.65
.67

1.92
1.94
1.94
1.94
1.97

July 4 . . .
11...
18...

25..:

2.107
2.007
2.106
2.126

1,98
1.96
2.03
2.10

2.40
2.40
2.36
2.34

3.09
Aug. 7. . .
2.95
14...
2.88
21...
28...
2.81 i
2.78
Sept. 4 . . ,
2.78
11...
2.71
18...
2.67 "
25...

1.023
1,016
1.024
.986

1.03
1.02
1.02
.99

.80
.85
.89
.91

June 7. .
14, .
21..
28..

.737
.753
.626
.682

.73
.71
.58
.74

.69
.72
.74
.81

1.99
2.02
2.0S
2.09

Aug. 1 ...
8...
15...
22...
29...

2.157
2.136
2.116
2.101
2.001

2.11 r
2.07
2.08 1
2,06
1.98

2.30
2.35
2.37
2.34
2.29

2,70
Oct. 2 . . .
2.72
9...
2.79
16...
2.BO :
23...
30...
2.78

.984
.966
.966
1.009
1.007

.99
.94
.98
1.00
1.00

.97
M
.9')
1.05
1.08

July 5 . .
12..
19..
26,,

.788
.793
.810
.850

1.75
1.77
1.81
1.84

.85
.88
.88
.91

2.09
2.tl
2.12
2.16

Sept. 5. . .
12...
19...
26...

1.961
1.953
1.957
1.634

.94
.96
.83

2.30
2.28
2.19
2.07

2.78
Nov. 6 ...
2.77
13...
2.73
20...
2.65 ]
27...

1.023
.940
.931
,897

1.00
.90
.89
,92

1.05
>M
.85
.88

Aug. 2. .
9,.
16..
23..
30..

.877
.860
.903
.841
.899

.86
,85
.81
.79
.87

.89
.92
.93
,93
.98

2.20
2.27
2.30
2.29

Oct. 3.. .
10...
17...
24...
31...

1.583
1.397
1.438
1.372
1.220

.54
.40
.44 ,i
.35
.27

.99
.85
,73
,61
.59

2.48
2.40
2.42
2.35
2.34

1.029
1.087
1.247
1.333

1.02
.09
1.25
1.24

1.01
1.04
1.13
1.16

.883
.686
,684
,599

.70
.63
.58
.49

.81
.77
.76
.72

Feb. 2 , .
9..
16..
23..

.589
,584
.643
.507

.51
.55
,57
.51

Mar. 1..
8..
15..
22..
29..

.563
.656
.784
.601
.592

Apr. 5 . .
12..
19,.
26..

Digitized for FRASER


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

2.14
2.10

2.31

Mar. 7 . . .
;,

14...

.63

700

Dec. 4 . . .
11...
18...
25...

.65

.71
.69

':

.63
.63

!
:

.91

.92
.99

1.74
1.70

1.66
1.70
1.77
1.81
1.86

.HI
.78
.15
J2

.79

.69
.61
.63

.74
.78

1.75

.74
.82
.79

.66
.72

1.85
1.77
1.74

.80
.79
.71

.62

JOO

2.164
2.098
2.029
2.036

5. .
12..
19..
26..

Jan,

3- to
5-year
issues

Market
yield

.604
,615
.562
.591

.71

9- to
12month
issue, s

Rate
on new
issue

July 7,.
14. .
21..
28..

Sept. 1 . .
8..
15,.
22..
29..

3-month bills

9- to
12month
issues

3- to
5-year
issues

Week
ending

3- to
5-year
issues

.58
.63
.6.2
M

:'

1.86
1.81
1.78
1.74
1.72
1,68

1,67

1.70
1.72
1.74
1.76
1,74
1.74

1.75
1.77
1.79
1.82
1.84
1.83
1.82
1.86
1.90
1.92
1 .92
1.89
1.87
1.91
1.92
1.94
1.96

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]

3-month bills

3-month bills

3-month bills

9- to
12month
issues

3- to
5-year
issues

3.00
2.93
2.98
3,14

3.43
3.36
3.35
3.35

3,54
3,55
3.60
3.63

3.245
3.374
3.256
3.404
3.231

3.26
3.30
3.27
3.36
3.23

3.42
3.51
3.53
3.59
3.58

3.72
3.69
3.68
3.84
3,86

July 6 . . .
13...
20...
27...

3.238
3.171
3.092
3.158

3.19
3.13
3.04
3.18

3.66
3.68
3.70
3.74

3.82
3.83
3.90
3.98

2.91
2.92
2.85
2.83
2.90

Aug. 3 . . .
10...
17...
24...
31...

3.363
3.308
3.498
3.354
3.497

3.34
3,29
3.40
3.32
3.47

3,79
3.83
3.98
3.96
3.99

3.91
3.91
3.97
3.91
3.87

2.56
2.54
2.55
2.74

2.85
2.90
2.96
3.09

Sept. 7.. .
14...
21...
28...

3.571
3.575
3.633
3.534

3.54
3.55
3.58
3.48

4.00
4.00
4.01
4.06

3.86
3.91
3.94
3.98

2.29
2.40
2.64
2.82

2.85
2.92
3.00
3.10

3.19
3.26
3.37
3.43

Oct. 5 . . .
12...
19...
26...

3.528
3.525
3.660
3.619

3.49
3.54
3.64
3.59

4.02
3.91
3.99
3.89

3.97
3.94
4.04
3.99

2.832
2.736
2.770
2.908
2.985

2.72
2.68
2.79
2.91
2.94

3.10
3.14
3.19
3.16
3.18

3.46
3.49
3.48
3.36
3.39

Nov. 2 . . .
9...
16...
23...
30...

3.622
3.571
3.473
3.145
3.158

3.59
3.50
3.38
3.12
3.14

3.90
3.77
3.54
3.34
3.38

4.01
3.91
3.80
3.43
3.32

Oct. 6 . . .
13...
20...
27...

2.899
3.013
3.024
2.907

2.87
2.96
2.94
2.86

3.11
3.10
3.06
3.02

3.25
3.25
3.23
3.34

Dec. 7 . . .
14...
21...
28,..

3.105
2.991
3.140
3.174

3,07
3.01
3.12
3.10

3.33
3.12
3.01
2.96

3.18
3.09
3.00
2.96

2.80
2.77
2,76
2.70

Nov. 3...
10...
17...
24...

2.889
2.914
2.979
3.043

2.85
2.91
2.98
3.04

3.09
3.09
3.10
3.16

3.45
3.45
3.42
3.45

2.15
2.20
2.21
2.20
2.17

2.61
2.57
2.56
2.60
2.60

Dec. 1 . . .
8...
15...
22...
29...

3,174
3.102
3.268
3.331
3.217

3.08
3.12
3.24
3.27
3.20

3.23
3.26
3.30
3.37
3.40

3.60
3.67
3.68
3.66
3.57

Jan. 4 . . .
11...
18...
25...

2.752
2.858
2.591
2.587

2.77
2.75
2.57
137

2.84
2.73
2.59
2.52

2.84
2.79
2.74
2.77

2,06
2.07
2.29
2.41

2.11
2.14
2.28
2.43

2.57
2.61
2.73
2.79

Feb. 1 . . .
8...
15...
22...

2.202
1.583
1.730
1.731

.92
.65
.69
.62

2.29
2,09
2.05
1.93

2.78
2.78
2.72
2.67

2.450
2.471
2.591
2.618
2.688

2.41
2.48
2.54
2.63
2.58

2.44
2.47
2.51
2.62
2.73

2.80
2.81
2.83
2.84
2.87

Jan. 5 , . .
12...
19...
26...

3.262
3.197
3.223
3.085

3.14
3.08
3.09
3.10

3.38
3.23
3.14
3.09

3.63
3.47
3.33
3.31

Mar. 1 ...
8...
15...
22...
29...

1.202
1.351
1.532
1.343
1.189

.22
.39
.39
.33
.11

.69
.76
.77
.85
.73

2.54
2.53
2.53
2.50
2.45

Feb. 2. . .
9...
16...
23...

3.283
3.132
3.057
3.182

3.16
3.05
3.01
3.15

3.11
3.15
3.24
3.29

3.34
3.27
3.29
3.36

Apr. 5 . . .
12...
19...
26...

1.148
1.074
1.225
1.055

.08
.10
.13
.13

.54
.29
.31
.32

2.44
2.40
2.32
2.22

Jan. 7. .
14. .
21..
28. .

2.489
2.596
2.493
2.245

2.51
2.53
2.39
2.28

2.69
2.58
2.41
2.39

2.87
2.81
2.68
2.66

Mar, 2 . . .
9...
16,..
23...
30...

3.288
3.246
3.238
3.041
3.034

3.25
3.18
3.15
3.00
2.97

3.29
3.33
3.38
3.35
3.35

3.38
3.29
3.37
3.39
3.38

May 3.. .
10...
17...
24...
31...

1.367
1.187
1.112
.931
.635

,23
.11
1.02
.74
.58

,39
.33
.26
.13
.01

2.30
2.29
2.26
2.23
2.20

Feb. 4..

2.402
2.271

2.29
2.26
2.36
2.40

2.40
2.34
2.34
2.41

2.65
2.63
2.63
2.67

Apr. 6.. .
13...
20...
27...

3.050
3.154
3.194
3.054

3.03
3.13
3.11
3.02

3.36
3.41
3.44
3.44

3.42
3.46
3.49
3.51

June 7. . .
14...
21...
28...

.723
.841
.953
1.006

.71
.83
.92
.90

.91
.91
.97
1.10

2.14
2.17
2.28
2.39

Week
ending

9- to
12month
issues

3- to
5-year
issues

Week
ending

9- to
12month
issues

3- to
5-year
issues

Week
ending

Rate
on new
issue

Market
yield

May 4. . .
11...
18...
25...

3.039
2.909
2.894
3.122

3.02
3.07
3.18
3.16

June 1 . , .
8,-.
15.,.
22...
29...

2.91
2.88
2.87
2.75

3.10
3.11
3.08
2.97

2.55
2.53
2.51
' 2.41
2.48

2.74
2.82
2.72
2.60
2.60

2.409
2.387
2.237
2.303

2.33
2.33
2.26
2.32

Aug. 4 . . .
11...
18...
25...

2.378
2.399
2.603
1818

2.48
2.48
2.49
2.55
2.64

Sept. 1 ...
8...
15...
22...
29...

2.12
2.12
2.07
2.11

2.75
2.70
2.69
2.72

2.08
2.10
2.06
1.99

2.22
2.16
2.10
2.13

2.122
2.214
2.257
2.3?3
2.231

2.11
2.21
2.26
2.25
2.21

Nov. 5..
12. .
19. .
26. .

2.179
2.034
2.248
2.440

Dec. 3 . .
10..
17. .
24..
31..

Rate
on new
issue

Market
yield

Mar. 3 . . .
10...
17...
24...
31...

2.409
2.173
2.374
2.422
2.173

2.24
2.24
2.36
2.26
2.19

2.47
2.42
2.44
2.42
2.42

2.71
2.75
2.81
2.89
2.94

2.09
2,10
2.18
2.34

Apr. 7 . . .
14...
21...
28...

2.397
2.497
2,769
2.788

2.38
2.55
2.74
2.71

2.68
2.78
2.93
2.92

.56
.50
.48
.44

2.35
2.33
2.26
2.26

May 5 . . .
12...
19...
26...

2.741
2.524
2.708
2.702

2.61
2.55
2.67
2.65

.37
.49
.63
.65
.62

.53
.68
.71
.71
.79

2.35
2.38
2.38
2.39
2.43

June 2 . . .
9...
16...
23...
30...

2.573
2.562
2.581
2.430
2.535

1.627
1.440
1.427
1.471

.55
.42
.41
.44

.75
.71
.70
.70

2,41
2.39
2.38
2.41

July 7. . .
14...
21...
28...

June 4. ,
11. .
18..
25..

1.434
1.390
1.514
1.420

.37
.41
.47
.37

.74
.71
.71
.68

2.40
2.40
2.38
2.43

July 2..
9.,
16..
23.,
30.,

1.401
1.541
1.606
1.620
1.720

.43
.51
.57
,61
.71

.71
.88
.87
.85
.92

Aug. 6. .
13.,
20.
27.

1.850
1.889
1.888
1.875

.88
.87
.84
.90

Sept. 3.
10.,
17. ,
24. ,

2.088
2.134
2.104
1.981

Oct.

1.
8. .
15. ,
22. .
29..

Rate
on new
issue

Market
yield

1..
8..
15..
22..
29..

1.175
1.049
1.222
1.407
1.349

1.08
1.09
1.28
.32
.24

1.13
1.23
.39
.42
.40

1.97
2.04
2.13
2.15
2.11

Feb. 5 . .
12..
19..
26..

1.134
1.088
1.130
1.355

1.11
1,05
,16
.35

.37
.33
.38
.55

Mar. 5..
12..
19..
26,.

1.417
1.231
1.286
1.366

.29
.23
.26
.30

Apr. 2 . .
9..
16..
23. .
30..

1.374
1.466
1.652
1.664
1.697

May 7 . .
14..
21..
28..

1956

is'.'. 2.388

25. .

1957

1956

1955
Jan,

2.429

Digitized for FRASER


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

1957

701

1958

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES Continued


B.

WEEKLY, 1941-70Continued
[Per cent per annum]

3-month bills
Week
ending

Rate
on new
issue

Market
yield

6-month bills
Rate
on new
issue

Market
yield

9- to 12-month
issues
Bills
(market
yield)

Other 2

3-month bids
3- to
5-year
issues

Week
ending

1958

July

Rate
on new
issue

Market
yield

6-month bills
!

9- to 12-month
issues

Rate
on new
issue

Market
yield

Bills
(market
yield)

Other

3- to
5-year
issues

1959

,i::::
19....
26....

.768
.934
1.137
.988

.79
.95
.94
.88

.13
.25
.44
.36

2.45
2.51
2.57
2.50

Sept 5
12
19
26.....

3.889
3.979
4.166
3.958

3.95
4.02
4.13
3.98

4.468
4.473
4.796
4.766

4.48
4.55
4.82
4.77

4.64
4.72
4.95
4.83

4,69
473
491
4,78

4.71
4.73
4.86
4.79

Aug. 2 . . . .
9
16.,..
23.,..
30.,..

.984
1.165
1.524
1.895
2.162

.94
1.20
1.58
1,91
2.23

.49
.68
.97
2.39
2.62

2.65
2.86
3.03
3.19
3.44

Oct. 3
10.. .
17
24 . .
31

4.194
4.007
4.262
4.099
4.022

4.10
4.02
4.24
3.99
4.00

4.895
4.C>78
4.666
4.490
4.499

4.80
4.59
4.65
4.45
4.37

4,95
4.69
4.82
4.66
4.54

4.88
4,75
4.77
4.53
4,47

4.82
4.76
4.72
4.58
4.65

Sept.6....
20. ...
27,...

2,462
2.359
2.605
2.511-

2.32
2.37
2.45
2.48

2.76
2.81
2.83
2.85

3.56
3.56
3.55
3.56

Nov. 7
14
21.....
28..,..

4.137
4,089
4.332
4.279

4.03
4.04
4.20
4.24

4.437
4.534
4.744
4.625

4.42
4.50
4.57
4,62

4.42
4.43
4.55
4.66

4.62
4.62
4.73
4.80

4.70
4.71
4.75
4.78

Oct. 4 . . . .
11....
18....
25...,

2.920
2.668
2.927
2.804

2.70
2.64
2.67
2.69

3.04
2,98
2.76
2.74

3.72
3.58
3.52
3.67

Dec. 5
12
19
26

4.501
4.638
4.535
4,670

4.50
4.48
4.49
4.57

4.891
4.969
4.834
4.940

4.86
4.81
4.77
4.90

4.98
4.97
4.96
5,01

4.93
4.99
4.98
5.30

4.90
4.92
4.95
5,00

Nov. 1 . . . .
8....
15,...
22....
29,...

2.647
2.649
2.774
2,876
20723

2.53
2.49
2.71
2.73
2,72

2.67
2.87
2.90
2,94
2.96

3.66
3.62
3.59
3,60
3.58

Dec. 6. ...
13....
20....
27....

2.806
2.805
2.904
2.739

2.79
2.82
2.82
2.71

3.63
3.61
3.65
3.68

4.40
4.59
4.53
4.27
4.01

4,942
5.099
4.989
4,665
4.608

4.91
5.07
4.81
4.60
4.49

5.02
5.15
4.96
4.92
4.76

5.00
5.11
5.00
4.87
4.75

4.99
4.97
4.91
4.81
4.80

3.04
2.96

3.30
3.30
3.27
3.18

4.516
4.602
4.590
4.436
4.116

3.081
3.095
3.017

Jan, 2
9
16.. ..
23
30
Feb. 6
13
20
27

4.039
3.563
4.045
4.168

3.94
3.67
4.04
4.14

4.501
4.094
4.294
4,396

4.42
4.08
4.30
4.34

4.56
4.41
4.41
4,39

4,01
4.41
4.1B
4.<3

4.69
4.61
4.64
4.70

Jan. 3 . . . .
10,...
17....
24,...
31....

2.690
2.678
2.808
3.035
2.975

2.67
2.72
2.86
2.97
2.77

2.920
2,959
3,034
3.233
3.337

2.92
2.98
3.05
3.23
3.14

3.04
3.00
3.27
3.47
3.38

3,70
3.73
3.87
3.95
3.92

Mar 5
12
19
26

4.278
3.641
3.451
3.033

3.92
3,60
3.41
2.84

4.458
4.024
3.619
3,176

4.27
3.87
3.57
3.17

4.31
3,97
3.56
3.27

4.S5
4.14
3.84
3.47

4.58
4,35
4,17
4.02

Feb. 7. ...
14....
21,...
28 . . . .

2,721
2.810
2.726
2.589

2.70
2.72
2.63
2.76

3.107
3.326
3,253
2.978

3.12
3.20
3,07
3.13

3.44
3.40
3.33
3.34

3.94
3.92
3.77
3.77

Apr 2
9
16.
23
30

2.792
2.731
3.622
3.306
3.317

2.88
2.96
3.56
3.34
3.19

3.187
2,927
3.854
3.705
3.705

3,21
3.18
3.86
3.73
3.58

3.32
3.30
3.91
4,17
4.08

3.69
3.57
4.2,3
4.17
4.14

4,11
4.06
4.25
4.32
4.34

Mar. 7 . . . .
14....
21....
28,...

2.816
3.062
2.763
2.766

2.84
2.85
2.77
2.76

3.111
3,375
3.058
3.093

3.14
3.15
3.09
3.11

3.51
3.63
3.59
3.53

3.78
3.88
3.89
3.94

Mayj.....
21
28

3.003
3.274
3.793
3.497

3.08
3.32
3.50
3.29

3.349
3.521
4.000
3.867

3.41
3.55
3.77
3.64

4.01
4.05
4.09
3.75

4.11
4.C8
4.34
4.26

4.37
4.35
4.51
4.48

Apr. 4. ...
11....
18...,
25....

2.841
2.948
3.075
3,105

2.84
2.96
3.09
2.98

3.236
3.249
3.351
3.361

3.20
3.25
3.36
3.33

3.50
3,52
3.70
3.78

3.96
3.99
4.04
4.09

June 4
11
18
25

3.184
2.716
2.292
2.613

2.94
2.61
2.31
2.39

3.495
2.871
2.497
2.877

3.18
2,80
2.52
2.76

3.56
3.23
2.90
3.04

3.87
3.47
3.15
3.29

4.24
4.12
3,99
4.01

May 2. ...
9.,,.
16....
23...,
30. . . .

2.831
2.935
2.722
2.869
2.878

2.81
2.83
2.76
2.85
2.92

3.189
3.316
3.408
3.376
3.373

3.17
3.29
3.35
3.32
3.36

3.80
3.86
3.93
3.97
3.93

4.08
4.10
4.18
4.17
4.18

July 2
9
16
23
30

2.399
2.307
2.567
2.307
2.404

2.18
2.27
2.41
2.31
2.24

2.806
2.85
3.175
2.625
2.701

2.64
2.85
2.87
2.62
2.56

2.95
3.03
3.07
3.12
2.92

3.20
3.23
3.18
3.12
3.00

3.99
3,87
3.76
3.67
3.54

June 6. . . .
13
20....
27...,

3.149
3.283
3.276
3.281

3.15
3.27
3.24
3.22

3.489
3.565
3.486
3.585

3.47
3.51
3.47
3.59

3.99
3.97
3.88
3.98

4.28
4.31
4.33
4.36

AUR.
6
8
13
20
27

2.131
2.215
2.278
2.518

2.13
2.18
2.31
2.43

2.409
2.458
2.621
; 2.806

2.39
2.48
2.66
2.70

2.81
2.79
2.83
2.81

2.86
2.84
2.93
2.91)

3.49
3.52
3.52
3.47

July 4 . , . .
11
18....
25....

3,164
3.266
3.4Q1
3.337

3.16
3.28
3.37
3.15

3.703
3.964
4.029
3.869

3.68
3.89
3.90
3.81

4.35

4.13
4.38
4.33
4.32

4.40
4.42
4.38
4.41

Sept. 3
10.....
17
24

2.550
2.520
2.654
2.434

2.53
2.56
2.5
2.43

2.825
2.802
| 2.916
! 2.743

2.82
2.83
2.87
2.80

2.87
2=87
2.89
2.82

2.93
2.93
3.0?
2.93

3.51
3.51
3.53
3.47

Aug. 1
8....
15....
22....
'29....

3.047
3.043
3.150
3.417
3.824

3.01
3.00
3.17
3.50
3.73

3.860
3.737
3.690
3.782
4.152

3.76
3.68
3.66
3.84
4.18

4.23
4.19
4.19
4.34
4.44

4.25
4.14
4.14
4.34
4.59

4.40
4.37
4.31
4.44
4.63

Oct. 1
8
15
22
29

2.286
2.473
2.698
2.406
2.129

2.35
2.40
2.54
2.23
2.11

2.729
2.925
3.079
2.806
2.569

2.82
2.88
2.88
2.71
2.53

2,87
2.92
2.95
2,99
2.85

2.99
3.05
3.07

3.50
3.60
3.65
3.62
3.57

1959

1960

For notes see last page of Part B.

Digitized for FRASER


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

702

3.o:

2'.93

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIES Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]

3-month bills
Week
ending

6-month bills

9- to 12-month
issues

3- to
5-year
issues

3-month bills
Week
ending

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

Nov. 5....
12....
19...,
26....

2.127
2.390
2.624
2.396

2.20
2.40
2.46
2.38

2.453
2.572
2.825
2,749

2.50
2.59
2.75
2.71

2.82
2.85
2,91
2.87

2.84
2.86
3.08
3.08

3.59
3.63
3.69
3.72

Jan

Dec. 3 . , . .
10.,..
17,..,
24....
31....

2.326
2.328
2.334
2.222
2.148

2.35
2.28
2.25
2.24
2.18

2.640
2.663
2.621
2.392
2.333

2.70
2.62
2.50
2.42
2.38

2,86
2,77
2.63
2.56
2.50

3.05
2.93
2.76
2.74
2.61

3.75
3.59
3.49
3.46
3.40

Jan. 7 . , . .
14..,.
21....
28....

2.234
2.385
2.358
2.230

2.28
2.28
2.25
2.17

2.429
2.602
2.530
2.422

2.48
2.51
2.46
2.42

2.56
2.57
2.71
2.66

2.67
2,72
2.74
2.65

3,39
3.52
3.59
3.57

Feb. 4 . . . ,
11....
18....
25....

2.299
2.374
2.462
2.496

2.29
2.35
2.40
2.51

2.497
2.566
2.652
2.688

2.49
2.55
2.59
2.68

2.68
2.71
2.73
2.83

2.72
2.76
2.87
2,93

3.57
3,56
3.56
3.48

Mar. 4. ...
11....
18....
25....

2.594
2.485
2.352
2.278

2.56
*2.44
2.35
2.28

2.779
2.674
2.455
2.471

2.75
2.56
2.47
2.45

2,86
2.76
2.71
2.71

2.99
2.91
2.82
2.78

3,49
3.36
3.44
3.45

Apr, 1 . . . .
8 . , ..
15....
22.,..
29....

2.392
2.470
2.360
2.292
2.186

2,38
2.36
2.31
2.25
2.23

2.576
2.658
2.556
2.458
2.300

2.54
2,58
2.52
2.41
2.35

2.78
2.75
2.68
2.77
2.76

2.86
2.92
2.82
2.79
2.81

3.43
3.45
3.40
3,38
3.32

*\l::::
20..,.
27....

2,300
2.232
2.264
2,354

2.22
2.23
2.29
2.39

2.417
2.423
2.435
2.470

2.38
2.40
2.43
2.53

2.69
2.66
2.70
2.80

2.76
2.75
2.82
2.91

3.23
3.15
3.24
3.43

June 3 . . . .
10,,..
17.,..
24. ...

2.438
2.516
2.295
2.325

2.38
2.40
2,32
2.31

2.593
2,727
2.492
2.519

2.60
2.64
2.50
2.50

2.82
2.83
2.78
2.78

2.98
3.02
3.01
3.02

3.56
3.69
3.67
3.74

July 1....
8
15....
22. ...
29...,

2.219
2.305
2.322
2.200
2.244

2.27
2,31
2,25
2.19
2.22

2.399
2,486
2.512
2.385
2.446

2.45
2,49
2.46
2.39
2.46

2.77
2.80
2.72
2.81
2.83

3.01
2.98
2,88
2.82
2.84

3.71
3.69
3,72
3.66
3.68

Aug

ii::::
19....
26. ...

2.300
2.366
2.519
2.503

2.28
2.38
2.50
2.43

2.557
2.617
2.765
2.793

2.51
2.64
2.78
2.71

2.85
2.93
2.95
2.89

2.85
3.02
3.11
3.09

3.74
3.86
3.83
3.77

Sept. 2...,
9
16....
23.,..
30..,.

2.321
2.392
2.328
2.262
2.233

2.34
2.32
2,29
2.26
2.25

2.617
2.692
2.685
2.681
2.697

2.65
2.67
2.68
2.69
2.69

2.90
2.89
2.88
2.87
2.87

3.06
3.06
3.05
3.03
2.98

3.77
3.81
3.80
3.76
3.70

Oct. 7....
14...,
21....
28....

2.302
2.389
2.382
2.325

2.28
2.34
2.29
2.29

2.683
2.684
2.734
2.708

2.64
2.67
2.68
2.67

2.83
2.84
2.97
2.94

2.91
2.96
3.02
2,97

3.65
3.67
3.66
3.62

Nov. 4 . . . .
11....
18.,..
25, ...

2.280
2.349
2.516
2.537

2.28
2.40
2.53
2.54

2.613
2.554
2.721
2.734

2.58
2.61
2.74
2.73

2.88
2.87
2.93
2.91

2.91
2.89
2.96
2.99

3.61
3.63
3.70
3.69

Dec. 2....
9,,,.
16....
23....
30. ...

2.606
2.625
2.579
2.670
2,594

2.56
2.58
2.59
2.61
2,66

2.806
2.867
2.874
2.915
2.845

2.78
2.88
2.89
2.86
2.90

2.91
2.97
2.97
2.95
3.02

2.98
3.03
3.02
3.04
3.04

3.73
3.82
3.84
3.81
3.81

Bills
(market Other 2
yield)

6-month bills

9- to 12-month
issues

3- to
5-year
issues

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

Bills
(market
yield)

Other 2

6. .
13
20
27

2.703
2.823
2.770
2.688

2.72
2.78
2.73
2,67

2.941
3.073
2.970
2.875

2.96
3.02
2.90
2.89

3.06
3.12
3.27
3.25

3.07
3.13
3.09
3.04

3.79
3.83
3.87
3.85

Feb 3 , .
10
17
24.

2.705
2.695
2.759
2.849

2.69
2.70
2,81
2.74

2.939
2.898
2.952
3.031

2.92
2.92
3.00
2.93

3.26
3.24
3.26
3.18

3.04
3.06
3.14
3.20

3.88
3.83
3.78
3,73

Mar 3 . ,
10
17
24. .
31

2.664
2.721
2.804
2,689
2.719

2.69
2.74
2.74
2.70
2.73

2.847
2,883
2.972
2.854
2.857

2.87
2.88
2.91
2.84
2.86

3.10
3.05
3.02
2,93
2.90

3,09
3.04
3.02
2.96
2.93

3.62
3.60
3.61
3.49
3.50

Aor 7. .

2.757
2.720
2,723
2.740

2.72
2.74
2.72
2.73

2.875
2.814
2.825
2.837

2.82
2.84
2.82
2.83

2,86
2.86
2.95
2.95

2.88
2.94
2.96
2.98

3,43
3.47
3.48
3.52

May 5
12
19
26. .

2.748
2.720
2.646
2.700

2,74
2.67
2.67
2.69

2.845
2.816
2.744
2.795

2.83
2.77
2.77
2.77

2.94
2.90
2.91
2.92

2.97
2.91
2.99
3.04

3.52
3.47
3.55
3.57

June 2
9
16
23
30. .

2.656
2.691
2,671
2.721
2.792

2.68
2.65
2.69
2.73
2.84

2.743
2.787
2.758
2.800
2.872

2.76
2.74
2.76
2.80
2.90

2.88
2.86
2.86
2.88
2.97

3.00
2.97
2.97
3.03
3.12

3.53
3.50
3.46
3.50
3.60

July 7
14.
21
28

2.930
2.974
2.983
2.892

2.92
2.97
2.95
2.88

3.008
3.096
3.133
3.103

3.00
3,09
3.13
3.09

3.06
3.12
3.26
3.22

3.18
3.22
3.27
3.25

3.66
3,71
3.73
3.71

Aug. 4
11
18
25

2.874
2.802
2.867
2.837

2.85
2.83
2,84
2.82

3.075
2.990
3.060
2.984

3.03
3.03
3.00
2.96

3.19
3.19
3,11
3.04

3,22
, 3.19
3.15
3.08

3.68
3.64
3.58
3.51

Sent 1

2.806
2.834
2.789
2,796
2.749

2.80
2.82
2.78
2.77
2.75

2.916
2.977
2.911
2.962
2.938

2.93
2.95
2.93
2.93
2.90

3.02
3.04
3.00
2.98
2.93

3.06
3.08
3.01
2.97
2.95

3.52
3.56
3.59
3.57
3.51

Oct. 6
13
20. .
27.

2.752
2.760
2.749
2.742

2.75
2.76
2.74
2.74

2.902
2.864
2.843
2.828

2.89
2.86
2.84
2.83

2.90
2,87
2.92
2.91

2.92
2.91
2.88
2.89

3.44
3.46
3.46
3.48

Nov. 3
10. . . .
17.
24

2.686
2.841
2.801
2.833

2.74
2.82
2.82
2.84

2.774
2.927
2.846
2.892

2.82
2.87
2.86
2.90

2.90
2,92
2.94
2.95

2.87
2.89
2.91
2.94

3.45
3.43
3,46
3.49

Dec. 1
8
15. . .
22,
29

2,853
2.861
2.807
2.861
2.894

2.86
2.85
2,84
2.88
2.89

2.936
2.945
2.861
2.901
2.924

2.94
2.91
2.88
2.90
2.93

2.97
2.94
2.93
2,94
2.95

2.95
2,97
2.94
2.94
2.96

3.48
3.48
3.44
3.41
3.41

Jan. 5
12
19
26

2.926
2.920
2.884
2.923

2.89
2.90
2.90
2.93

2.966
2.966
2.932
2.976

2.94
2.95
2.95
2.99

2.95
2.96
3,00
3.03

2.99
2.99
2.96
2.97

3.44
3.45
3.44
3.50

Feb. 2
9
16
23

2.917
2.946
2.944
2.905

2.93
2.95
2,93
2.90

2.972
2.995
2.995
2.969

2,99
3.00
2.99
2.96

3.02
3.02
3,01
2.99

2.95
2.89
2.87
2.88

3.50
3.47
3.46
3,46

1962

1960

1961

For notes !ee last page of Part B.

Digitized for FRASER


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

703

14.:::;

21
28.

8.::::

15
22
29

1963

MONEY RATES AND SECURITIES MARKETS


12,7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIESContinued


B.

Week
ending -

3-mon th bills

6-mon th bills

WEEKLY, 1941 70 ^Continued


[Per cent per annum]

9- to 12.-month
iss ues

Week
ending -

3- to
i 5-year
issues

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

I -year
bills
(market
yield) a

Other

2,870
2.897
2.870
2.902
2.919

2.90
2.89
2.88
2. 90
2.91

2.922
2.938
2.931
2.955
2.977

2.94
2.93
2.94
2.96
2.98

2.98
2.97
2.95
2.97
2.99

2.93
2.99
2.97
2.99
3.01

3.50
3.49
3.49
3.51
3.53

2.922
2.913
2.917
27.... 2.884

2.91
2.90
2.90
2.89

2.982
2.978
3.010
2.982

2.98
2.98
3.00
2.98

2.99
3.00
3.07
3.05

3.02
3.01
3.04
3.00

3.53
3.54
3.59
3.59

1963
Mar. 2 . . . .
9....
16....
23....
30....

Ap

3-mon th bills-

6-mon th bills

May 4 . . . .
11....
18....
25....

2.898
2.905
2.903
2.922

2.90
2.91
2.90
2.94

2.988
2.993
2.990
3.005

2 99
2.99
2 99
3.02

3.05
3.04
3.04
3.06

3.00
3.00
3.03
3.10

I 3.56
3.54
3.55
3.59

June 1
8....
15..,.
22. . . .
29....

2.974
3.028
2.975
2.997
2.979

2.98
3.00
2.98
2.98
2.99

3.055
3.098
3.063
3.081
3.070

3.06
3.08
3.07
3.08
3.07

3.09
3.12
3.11
3.11
3.11

3.17
3.21
3.18
3.15
3.14

3.011
3.164
20. . . . 3.192
2 7 . . . . 3.206

3.03
3.22
3.19
3.19

3.093
3.272
3.355
3.369

3.12
3.34
3.36
3.36

3.16
3.39
3.48
3.47

3.20
3.35
3.40
3.35

Aug. 3 . . . .
10
17....
24
31....

3,263
3 253
3.335
3.355
3.396

3.24
3.26
3.32
3.36
3.39

3.398
3.389
3.441
3.462
3.494

3.38
3.39
3.43
3.47
3.49

3.46
3.48
3.50
3.52
3.54

Sept. 7 . . . .
14....
21....
28....

3.384
3 . 343
3,409
3.379

3.36
3.36
3.41
3.38

3.487
3.460
3.522
3.507

3.47
3.48
3.51
3.51

Oct. 5 . . . .
12,...
19....
26....

3.408
3.459
3.458
3.488

3.41
3.45
3.47
3.44

3.515
3.569
3.568
3.628

Nov. 2 . . , .
9....
16....
23..,.
30....

3,452
3.517
3.565
3.524
3.480

3.47
3.54
3.55
3.51
3.48

Dec. 7 . . . .
14
21.,..
28....

3.531
3,500
3.538
3.522

iss ties

Rate
on new
issue

Market
yield

3.446
3.482
3.491
3.482
1.475

3.45
3.49
3.47
3,47
3,47

3.616
3.629
3.625
3.598
3.595

3.60
3.63
3.59
3.60
3.58

i 3,69
3.72
3.71
i 3.71
3,70

3.56
3.55
3,52
3.H4
3.84

June 6. . . . . 3.478
3 462
n
20
3.496
27 , . 3.478

3.47
3,47
3,49
3.47

3. 589
3.553
3.590
3.556

3.57
3.57
3.58
3.53

3.71
3.71
3.71
3.68

3,84
3,84
3,84
3,85

3,48
3.48
3,43
3,46

3.528
3.544
3.549
3.619

3.51
3.53
3.55
3.61

3.68
3.67
3.63
3.65

3.76
3.68
3.64
3.70

Rate
on new
issue

",'

'^
& ;?

May 2 . . . . .
'
9 ....
16
1
23
..
10

3~ to
5 -year
issues

Other *

1964

M::::
20....

i 9- to \:1-month

'

, . 3.479
3.492
18"! " 3.448
25
1 503

July 4

4.14
4.10
4.04
4.07
4.06
4.05
4.04
4.04
4,02

4.01
3.99
3.98
4.00

Aug. 1
8. . . . .
15
22 . . .
29....,

3 475
3.488
3.510
3. 511
3.513

3,46
3,48
3.51
3,50
3,50

3.591
3.588
3.611
3.634
3.639

3.57
3.58
3.62
3.63
3.62

3.61
3.65
3.66
3.67
3.67

3.67
3.68
3,71
3.76
3.78

3.99
3.98
3.99
3.99
4.00

3.72
3.80
3.80
3.79

Sept. S
12
19
26

3.512
3.514
3.541
1 542

3.50
3.52
3,54
3.54

3.629
3.649
3.693
3.692

3.64
3.67
3.69
3.70

3.70
3.72
3,74
3.74

3.82
3.84
3.83
3.80

4.03
4.04
4.05
4.02

3.30
3.28
3.36
3.51
3.54

3.77
3.77
3.80
3.83
3.85

Oct. 3 . . . . ,
10
17. . . . .
24.....
31.....

3.555
3.582
3.580
3.592
3.567

3,55
3,57
3.58
3.58
3,56

3.711
3.744
3.726
3.738
3.724

3.71
3.73
3.72
3.74
3.71

3.77
3.80
3.80
3.80
3.77

3.82
3.84
3.84
3,84
3.82

4.02
4.05
4.06
4.05
4.03

3. 56
3.57
3.58
3.56

3.54
3.54
3.54
3.53

3.88
3.88
3.89
3.88

Nov. 7 . . . . .
14.....
21
28.....

3.562
3.574
3 600
3.758

3.56
3,58
3,61
3.78

3.718
3.742
3.772
3.942

3.72
3.74
3.78
3.96

3.79
3.79
3. BO
4.00

3.82
3.82
3.83
4,00

4.02
4.00
4.02
4.11

3.53
3.56
3.59
3.60

3.59
3.60
3.61
3.62

3.57
3.56
3.58
3.62

3.88
j 3.90
3.91
3.93

Dec. 5 . . .
12
19 . . . .
26

3.868
3.815
3.864
3.868

3.82
3.81
3.86
3.86

4.030
3.944
3.965
3.960

3.97
3.94
3.95
3.94

4.02
3.96
3.94
3.94

4.04
3,97
3 8 92
3.95

4.11
4.06
4.06
4.07

3.586
3.621
3.678
3.660
3.631

3.59
3,64
3.68
3.65
3.63

3.60
3.68
3.69
3.67
3.66

3.61
3.66
3.68
3.75
3.74

3.94
3.98
i 3.97
3.98
3.97

3.52
3.50
3.53
3.52

3.670
3.662
3.679
3.657

3.68
3,66
3.67
3.64

3.69
3.68
3.69
3.69

3.76
3.78
3.77
3.77

3.99
4.02
4.06
4.07

Jan. 2
9.....
16.....
23.....
30.....

3.867
3.829
3.814
3.321
3.848

3.83
3.80
3.77
3,81
3,85

3.957
3.927
3.942
3.960
3.946

3.93
3.92
3.94
3.94
3.94

' 3.93
3.92
3.90
3,90
3.91

3,92
3.78
3.87
3,85
3.87

4.07
4.07
4.06
4.04
4.05

Feb. 6
13.....
20.....
27.....

3 . 888
3.903
3.936
3.989

3.89
3.90
3.94
3,99

3.968
3.987
4.015
4.043

3.97
3.99
4.02
4.04

3.97
3.99
4.02
4.04

3.91
3.96
3.99
4.04

4.07
4.08
4.09
4.10

3.524
3.534
3.549
3.538

3.52
3.53
3,54
3.52

3.651
3.669
3.679
3.648

3.65
3.66
3.65
3.63

3.70
3.72
3.69
3.66

3.75
3.68
3.59
3.66

4.08
4.08
4.07
4.04

Mar. 6
13 . .
20. . . . .
27....,

3.982
3.948
3.917
3.922

3,96
3,94
3.92
3.91

4.038
4.001
3.990
3.984

4.02
4.01
3.99
3.98

4.05 !
4.04
4.00
3.99

4.07
4.04
4,02
4.01

4.12
4,13
4.11
4,10

Feb. 1.... 3.501


8 . . . . 3.505
15.... 3.540
2 2 . . . . 3.534
29.... 3.547

3.50
3.51
3.52
3.53
3.56

3.613
3.615
3.660
3.679
3.703

3.61
3.63
3.66
3.68
3.72

3.65
3.65
3.70
3.71
3.76

3.67
3.66
3.66
3.58
3.61

4.04
3.99
4.00
4.02
4.05

Apr. 3
10.....
17.....
24. . . . .

3,921
3.942
3.937
3.946

3,92
3.93
3,93
3.93

3.993
3.993
3.991
4.008

3.99
3.98
4.00
4.00

4.01
4.00
4.00
4.00

4.01
4.02
4.00
4.00

4.11
4.11
4,11
4.12

Mar. 7 . . . .
14,...
21....
28....

3.589
3.534
3.538
3.550

3.56
3.54
3.54
3.54

3.777
3.715
3.726
3.740

3.74
3.72
3.72
3.73

3.78
3.78
3.77
3.80

3.64
3.65
3.67
3.72

4.10
4.12
4.16
4.23

May 1 . . . . .
8.....
IS.....
22 . . .
29

3.916
3.901
3.893
3.897
3.889

3.91
3,89
3.89
3,90
3.88

3.977
3.950
3.950
3.955
3.945

3.98
3.95
3.96
3.95
3.94

3.98
3.96
3.96
3.96
3.95

3,97
3.97
3,98
4,01
4.00

4.12
4.10
4.11
4.11
4.10

Apr, 4 . . . .
11....
18....
25....

3.525
3.503
3.484
3.463

3.52
3.48
3.47
3.45

3.710
3.703
3.687
3.662

3.70
3.69
3.67
3.64

3.77
3.77
3.78
3.74

3.71
3.68
3.64
3.58

4.21
4.19
4.18
4.16

June 5

^ 3 . 85
1 870
3.81
3.781
3.799
3.80
3.789 | 3 = 78

3.924
3.862
3.873
3.831

*3.92
3.88
3.86
3.82

3.94 !
3,93
3.91 !
3,82

4.02
4.01
4.00
3.94

4.10
4.10
4,10
4.07

July

.f-::

3.64
3.68
3.66
3.68
3.67

1964
Jan. 4....
11....
18....
25....

1965

Is2:::::
26

For notes see last page of Part B.

Digitized for FRASER


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

704

MONEY RATES AND SECURITIES


12.7

MARKETS

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIESContinued


B. WEEKLY, 1941-70-Continued
[Per cent per annum]

3-month bills
Week
ending

6-month bills

9- to 12-month
issues

3- to
5 -year
issues

Hate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

,1-year
bills
(market
yield) 2

Other

July 3 . . . .
10....
17....
24
31....

3.784
3.853
3.883
3 833
3.803

3.81
3.87
3.86
3 82
3.81

3.824
3.890
3.933
3.913
3.873

3.85
3.90
3.93
3.89
3.88

3.86
3.91
3.91
3.87
3.87

3.95
3.96
3.95
3.95
3.97

4.08
4.09
4.10
4.11
4.12

Aug. 7
14....
21....
28....

3.832
3.846
3.813
3,855

3.84
3.83
3.82
3.86

3.927
3.948
3.923
3.955

3.94
3.93
3.93
3.96

3.94
3.94
3.95
4.00

4.00
4.02
3.98
4.00

Sept. 4. ...
11....
18....
25....

3.886
3.898
3.887
3.905

3.88
3.90
3.88
3.94

3.991
4.024
4.031
4.069

4.00
4.04
4.04
4.11

4.03
4.04
4.03
4.12

Oct. 2 . . , .
9 ..
16....
23 . . . .
30....

3.983
4.050
4.006
4.034
4.040

4.02
4.01
4.01
4.04
4.05

4,133
4.201
4.180
4.214
4.192

4.17
4.17
4.18
4.20
4.19

Nov. 6 . . . .
13....
20
27

4.082
4.045
4 097
4. 104

4,07
4.07
4,09
4J1

4,219
4.221
4.259
4 . 253

Dec. 4 . . . .
11 , .
18 ..
25....

4.115
4.344
4.391
4.505

4.12
4.34
4.41
4.48

4.457
4.532
4.585
4.673
4.596

Week
ending^

3-month bills

6-month bills

9- to 12-month
issues

3- to
5 -year
issues

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

1-year
bills
(market
yield) a

Other

Sept. 3
10
17
24

5.087
5.155
5.447
5.586

5.07
5.20
5.42
5.54

5.566
5.657
5,926
6.039

5.58
5.71
5.91
5.93

5.73
5.72
5.83
5.90

5.78
5.71
5.86
5.91

5.83
5.63
5.65
5.69

4.16
4.17
4.20
4.21

Oct. 1
8
15
22
29

5.503
5.408
5.471
5.424
5.246

5.40
5,39
5.45
5.37
S.23

5.804
5.673
5.750
5.651
5.536

5.69
5.66
5.71
5.61
5.53

5.79
5.63
5.56
5.48
5.44

5.74
5.61
5.59
5.58
5.53

5.49
5.39
5.42
5.37
5.36

4.05
4.08
4.08
4.12

4.22
4.23
4.22
4.24

Nov. 5
12
19
26

5.234
5.432
5.459
5.252

5.30
5.41
5.39
5.26

5.513
5.705
5.695
5.501

5,57
5.68
5.63
5.49

5.53
5.58
5,53
5.49

5.51
5.56
5.51
5.33

5.39
5.45
5.47
5.43

4.19
4.16
4.14
4.16
4.16

4.23
4.17
4.14
4.17
4.21

4.31
4.31
4.30
4.34
4.37

Dec. 3
10
17
24
31

5.202
5.198
5.048
4.842
4.747

5.17
5.16
4,97
4.82
4.80

5.337
5.281
5.129
4.939
4.856

5.26
5.26
5.05
4.93
4.92

5.27
5.25
5.01
4.78
4.83

5.32
5.33
5.10
4.93
4.92

5.34
5.30
5.06
4.90
4.86

4.22
4.24
4.25
4.26

4.22
4.24
4.23
4.24

4.25
4.28
4 28
4.31

4.44
4.48
4.46
4.45

Jan

4.249
4.468
4.553
4.692

4.26
4.47
4.58
4.67

4.29
4.49
4.59
4.65

4.36
4.58
4.67
4.76

4.50
4.70
4.79
4.82

7
14
21
28

4 822
4.818
4.716
4.680

4.80
4.81
4.71
4.66

4.911
4.890
4.686
4.662

4.90
4.84
4.70
4.65

4.76
4.67
4.56
4.54

4.90
4.76
4.64
4.63

4.82
4.76
4.65
4.68

Feb. 4
11
18
25

4.486
4.530
4.577
4.621

4.49
4.54
4.61
4.61

4.460
4.524
4.581
4.694

4.49
4.54
4.66
4.69

4,45
4.51
4.66
4.68

4.55
4.55
4.67
4.76

4.64
4.67
4.76
4.80

4.48
4.54
4.60
4.62
4.58

4.655
4.718
4.737
4.770
4.699

4.67
4.71
4.73
4.73
4.67

4.70
4.69
4.68
4.70
4.67

4.83
4.84
4.82
4.83
4.83

4.90
4.93
4.84
4.86
4.92

Mar. 4
11
18
25

4.538
4.344
4.308
4.102

4.46
4.37
4.28
4.15

4,534
4.340
4.265
4.005

4.47
4.37
4.21
4.07

4.45
4.32
4.16
4.05

4.68
4.54
4.30
4.21

4.70
4.61
4.50
4.45

4.638
.. 4 . 650
4.695
4.696

4.64
4.64
4.67
4.66

4.740
4.774
4.876
4.892

4.76
4,78
4.87
4,87

4.75
4.77
4.84
4.86

4.86
4.88
4.94
4.98

4.96
5.01
5.04
5.04

Apr. 1
8
15
22
29

4.150
3.976
3.810
3.905
3.715

4.13
3.95
3.85
3.83
3.72

4.073
3.998
3.856
3.950
3.772

4.09
4.00
3.89
3.88
3.81

4.06
3.98
3.89
3.88
3.84

4.16
4.08
4.03
4.02
4.01

4.42
4.36
4.39
4.48
4.58

Mar. 5. . . . 4.661
\2 . . . 4^620
19
4^718
4.576

4.62
4 63
4*64
4.51

4.861
4^816
4.915
4.776

4.81
4 83
4 83
4,71

4 91
4.87
4.82
4.72

5 00
5.01
5.01
4.89

5.03
5.00
4.93
4.88

May 6
13
20
27

3.770
3.671
3.628
3.493

3.72
3.66
3.59
3.50

3.907
3.831
3.802
3.692

3.86
3.83
3.79
3.74

3.91
3.89
3.87
3.88

4.03
4.03
4,14
4,13

4.62
4.67
4.69
4.76

4.555
4^531
4 618
4.664
4.630
4 574
May 7
14.'.'.'. 4^630
21.... 4.626
28 ... 4.638

4 52
4! 54
4 65
4.65
4.64
4 67
4^61
4.64
4.64

4 755
4.719
4.763
4.754
4.730

4 73
4.69
4.78
4.74
4,74

4.75
4.75
4.79
4.75
4.75

4.89
4.86
4.89
4.86
4.88

4.87
4.80
4.85
4.87
4.90

June 3
10
17
24

3.477
3.386
3.505
3.572

3.43
3.41
3.57
3.47

3.733
3.758
3.796
3.841

3.74
3.77
3.86
3,82

3.84
3.90
4.12
4.35

4.12
4.17
4.37
4.46

4.66
4.74
4.96
5.08

4 782
4^818
4.823
4. 835

4 80
4^79
4.83
4.83

4 83
4.82
4.86
4.88

4 91
4.90
4.84
4.95

4 92
4.88
4.90
5.02

July 1
8
15
22
29

3.462
4.280
4.285
4.245
4.423

3.75
4.20
4.18
4.20
4.25

3.950
4.716
4.688
4.745
5.044

4.17
4.62
4.68
4.77
4.83

4.63
4.84
4.84
4.89
5.00

4.72
4.99
4.90
4.95
5.06

5.19
5.22
5.14
5.16
5.18

4.641
4.573
4.575
4.470

4.59
4.58
4.53
4.40

4.826
4.744
4.707
4.591

4.75
4.73
4.63
4.53

4.88
4.84
4.75
4.66

5.00
4.98
4.98
4.87

5.02
5.02
4.97
4.95

Aug. 5
12
19
26

4.182
4.174
4.193
4.336

4.16
4.17
4.21
4.36

4.638
4.757
4.791
4.922

4.68
4.79
4.80
4.95

4.97
5.10
5.00
5.04

5.05
5.12
5.07
5,12

5.16
5.25
5.28
5.35

4.435
4.731
4.876
23 . 4.996
30.... 4.818

4.47
4.69
4.87
4.90
4.73

4.610
4.915
4.999
5.095
4.919

4.68
4,85
5.00
5.00
4.89

4.86
4.88
4.98
4.96
4.93

4.93
5.06
5.21
5.23
5.19

5.11
5.14
5.24
5.22
5.25

Sept. 2
9
16
23
30

4.490
4.324
4.360
4.490
4.629

4.41
4.30
4.37
4.54
4.47

4.995
4.765
4.951
4.998
5.143

4.87
4.83
4.93
5.05
5.05

5.08
5.05
5.06
5.15
5.16

5.14
5.13
5.16
5.27
5.30

5.33
5.32
5.39
5.44
5.45

4.834
4.826
5.048
5.020

4.82
4.88
5.06
5.02

4.969
5.050
5.315
5.410

4.99
5.13
5.37
5.41

5.04
5.13
5.35
5.58

5.27
5.36
5.57
5.71

5.32
5.40
5.60
5.79

Oct. 7
14
21
28

4.514
4.564
4.676
4.597

4.49
4.57
4.62
4.56

5.089
5.022
5.165
5.125

5,04
5.04
5.12
5.08

5.16
5.19
5.24
5,27

5.27
5.28
5.35
5.37

5.44
5.48
5.55
5.57

1966

1965

1966
Jan. 1 . . . .
8 ..
15 .
22....
29 . . . .
Feb. 5
12
19
26

26.' .' ; .'

Apr. 2. ...
9 '.
16! '.. .
23....
30 . . . .

June 4 ...
11....
18
25....
July 2

9.::.
16 ...

Aug. 6 . . . .
13 .
20
27....

For notes see last page of Part B.

Digitized for FRASER


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

705

1967

MONEY RATES AND SECURITIES MARKETS


12.7

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIESContinued


B. WEEKLY, 1941=70Continued
[Per cent per annum]

Week
ending

3-month bills

6-month bills

9- to 12-month
issues

3- to
5 -year
issues

3-month bills

Week
ending -

3-= to
5-year
issues

Rate
on new
issue

sr
^
>& '.?

6.20
6.18
6.11
6.11

6.332
6.365
6.375
6.233

6.33
6.36
6.26
6.25

6.20
6.11
5.95
6.05

6.34
6.37
6,22
6 = 22

6.12
6. I K
6.02
5.95

6.255
6.359
6.349
6.268

6.26
6.34
6.29
6.27

6.14
6.19
6.14
6.19

6.22
6 19
6 16
6 21

6.01
6.08
6.07
6.18

6.11
6.11
6.01
6.00
5.94

6.258
6.342
6.233
6.221
6.096

6.30
6.27
6.17
6.16
6.06

6.33
6.30
6.19
6.17
6.13

6,26
6,28
6.23
6.19
6.18

6.29
6.37
6.34
6.34
6.30

6.065
. 6.167
6.195
6.175

6.05
6.15
6.20
6.13

6.136
6.185
6.189
6.164

6.09
6.16
6.20
6.13

6.14
6.09
6.03
5.99

6.18
6.17
6.11
6.07

6.26
6.19
6.10
6.11

May 3
10
17.
24.
31

6.053
5.978
6.084
6.148
6.124

5.93
5. 98
6.08
6.06
6.10

6.043
6.063
6.191
6.231
6.218

6.02
6.07
6.19
6.13
6.29

5.98
6.05
6.13
6.08
6.26

5.99
6.06
6.23
6.38
6.53

6.17
6.21
6.30
6.39
6.50

June 7
14
21
28 ... .

6.191
6.591
6.666
6.524

6.26
6.67
6.56
6.30

6.454
6.927
6.654
6.866

6.59
6.90
6.69
6.84

6.61
6.89
6.77
7.15

6.78
7.16
6.)4
7.28

6.57
6.60
6.57
6.77

July 5
12
19.
26

6.456
7.069
7.105
7.220

6.63
6.96
7.02
7.12

6.944
7.309
7.400
7.459

7.01
7.21
7.35
7.31

7,38
7.08
7.08
7.19

7.71
7, 7
7,52
7.52

7.00
7.04
6.95
7.02

Aug. 2
9
16
23
30

7.172
6.994
7.081
6.856
7.098

7.09
6.98
7.00
6.87
7.07

7.313
7.085
7.277
7.121
7.293

7.20
7.11
7.26
7.15
7.27

7.31
7.29
7.32
7.17
7.31

7.33
7.42
7.%
7.45
7..S9

7.07
7.01
7,14
7.03
7.14

^f:::::
20
27

7.014
7.184
7.156
7.161

7.03
7.11
7.13
7.10

7.166
7.408
7.329
7.362

7.25
7.36
7.34
7.31

7.34
7.34
7.32
7.38

7.67
7.74
7.76
7.80

7.30
7.44
7,63
7,74

Oct. 4
11
18
25

7.106
7.046
7.042
6.975

7.06
6,99
7.02
6.94

7.340
7.289
7.327
7.265

7.32
7.34
7.30
7.23

7.41
7.34
7.25
7.04

7.93
7.76
7.62
7,42

7.93
7.74
7,36
7.12

Nov. 1
8
15
22
29

7.030
6.998
7.157
7.141 !
7.476 !

7.00
7.07
7.15
7.25
7.50

7.263
7.281
7.435
7.5B8
8.027

7.26
7.38
7.45
7.73
7.89

7.08
7.06
7.15
7.50
7.68

7.55
7.70
7.87
8.05
8.0^)

7.35
7,45
7.54
7.68
7.60

Dec. 6
13
20
27

7.453
7.702
7.920
7.804

7.60
7.82
7,88
7.84 i

7.613
7.803
7.922
7.815

7.83
7.92
7.89
7.84

7.55
7,61
7.61 !
7.64

8.11
8.32
8.37
8.44

7.64
7.95
8.06
8,10

8.096
7.960
7.837
7.789
7.888

8.02
7.91
7.83
7.83
7.89

8.101
7.99'', '
7.784
7.663
7.776

8.03
7.92 !
7.64
7.70
7.80

7.67
7.57
7.47
7.43 !
7.57

8.56
8.36
8. 11
8.13
8.23

8.26
8.21
8.10
8.04
8.20

7.754
7.312
6.777
6.812

7.61
7.20
6.79
6.88

7.718
7.38?
6.917 :
6.975

7.60
7.28
7.00
6.95

7.37
7.13
6.90
6.77

8.07
7.7?
7.3
7.12

8.08
7.94
7.66
7.45

Market
yield

Rate
on new
issue

Market
yield

1-year
bills
(market
yield) 2

Other

Nov. 4 . . . .
11....
18....
25....

4,542
4.672
4.648
4.989

4.57
4.64
4.63
4.86

5.044
5.180
5.155
5,517

5.07
5.13
5.13
5.44

5.32
5.31
5.27
5.48

5.40
5.53
5,56
5.61

5.68
5.80
5.76
5.71

Jan. 4 .
11
18
25

Dee. 2. ...
9....
16....
23....
30....

4.957
4.989
4.941
5.127
4.989

4.93
4.92
4.97
4.98
5.01

5.536
5.580
5.493
5.659
5.515

5.49
5.50
5.50
5.46
5.49

5.57
5.64
5.58
5.51
5.64

5.60
5.68
5.68
5.68
5.73

5.67
5.70
5.74
5.68
5.75

Feb. 1
8
15
22

6.167
6.251
6.199
6.092

Mar. 1
8
15...
22
29

6.080
6.215
6.049
6.108
5.946

Rate
on new
issue

Other

1969

1967

1968
Jan. 6....
13....
20. . . .
27....

5.103
5.080
5.072
5.068

5,01
5.07
5.02
4.98

5.593
i 5.376
5.238
5.335

5.40
5.31
5.25
5.16

5.50
5.28
5,22
5.27

5.62
5.44
5.32
5.33

5.61
5.48
5.52
5.55

Feb. 3....
10....
17....
24. ...

4.846
4.957
5.040
4.940

4,85
5.00
4.97
4.97

4.957
5.119
5.275
5.133

5.00
5.22
5.15
5.16

5.23
5.28
5,17
5.21

5.24
5.36
5.35
5.40

5.54
5.61
5.56
5.57

Mar. 2 . . . .
9....
16....
23....
30....

5.063
5.000
5.107
5,285
5.186

5,03
5.04
5.26
5.25
5.14

5.236
5.173
5.321
5.378
5.301

5.21
5.23
5.44
5.36
5.32

5.33
5.36
5,48
5.39
5.45

5.43
5.45
5,60
5,62
5,55

5.60
5.68
5.89
5.77
5.77

5.146
5.309
20.... 5.463
27.... 5.542

5.20
5.35
5.40
5.50

5.265
5.400
5.568
5.689

5.29
5.44
5.51
5.63

5.34
5.38
5.42
5.63

5.46
5.51
5.64
5.79

5.53
5.48
5.70
5.88

5.499
5.507
18,... 5.558
25.... 5.847

5.50
5.53
5.68
5.82

5.612
5.697
5.750
5.995

5.66
5.72
5.86
6.00

5.68
5.73
5.82
5.99

5.85
5.85
6.02
6.33

5.88
5.88
5.95
6.09

June 1
8...,
15
22....
29....

5.696
5.649
5 713
5.578
5.238

5.70
5.66
5.69
5.45
5.30

5.869
5.699
5,790
5.633
5,485

5.86
5.72
5.75
5.58
5.51

5.94
5.72
5.75
5.59
5.65

6.20
6.08
6,07
5.95
5.93

5.91
5.80
5.75
5.61
5.67

July 6 . . . .
13....
20....
27....

5.400
5.368
5.467
5.293

5.35
5,37
5.38
5.23

5.589
5.410
5.554
5.366

5.43
5.44
5.47
5.35

5.56
5.44
5.47
5.26

5.86
5.71
5.70
5.57

5.58
5.51
5.51
5.27

Aug. 3 . . . .
10....
17....
24....
31....

5.190
4.905
5.084
5.123
5.173

5.09
4.96
5.12
5.15
5.19

5.287
5.099
5.273
5.220
5.242

5.25
5.17
5.29
5.24
5.26

5.14
5.10
5.21
5.15
5.17

5.46
5.42
5.47
5.39
5.39

5.28
5.29
5.35
5.36
5.33

Sept. 7 . . . .
14....
21... .
28....

5.194
5.246
5,218
5.151

5.21
5.28
5.18
5.12

5.250
5.277
5.248
5.230

5.21
5,32
5.24
5.24

5.16
5.24
5.17
5.15

5.39
5.46
5.39
5.36

5.30
5.36
5.27
5.28

Oct. 5....
12....
19
26. ...

5.182
5.277
5 . 345
5.396

5.20
5.32
5,35
5.40

5.283
5.362
5,428
5,457

5.31
5,38
5.43
5.43

5.20
5.28
5.34
5.39

5.34
5.41
5.45
5.47

5.34
5.43
5.43
5.43

Nov. 2
9
16..,.
23....
30,...

5,471
1 554
5.483
5.483
5.448

5.48
5.49
5,42
5,43
5.47

5.473
5.616
5.602
5.679
5.573

5.50
5.59
5.61
5.61
5.58

5,42
5.46
5.49
5.54
5.58

5.52
5.59
5.62
5.53
5.52

5.42
5.44
5.47
5.48
5,51

Dec. 7....
14
21....
28....

5.633
1 788
5.966
6.278

5.66
5.84
6.03
6.22

5.730
5.906
6.017
6.401

5.77
5.93
6.11
6.36

5.69
5.82
5.97
6.38

5.73
5.80
6.01
6.41

5.79
Feb. 7
5.91
14
21
6.05 !
28
6.17

M::::

May

9- to 12-month
issues

Market
yield

Rate
on new
issue

At>

6-month bills

,?::::

Aor. 5
12"
19
26

6.16
6.19
6.09
6.09

1970
Jan. 3 . . . . .
10
17
24.....
31

For notes see next page.

Digitized for FRASER


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

. 6.199
6.227
6,215
6.076

706

MONEY RATES AND SECURITIES MARKETS


12.7.

YIELDS ON SHORT-TERM U.S. GOVERNMENT TAXABLE SECURITIESContinued


B. WEEKLY, 1941-70Continued
[Per cent per annum]

3-month bills

Week
ending

6-month bills

9- to 12-month
issues

3- to
5-year
issues

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

1 -year
bills
(market
yield) 2

Other

Mar. 7 . . . .
14....
21 . . . .
28....

6,868
6.876
6,836
6.262

6.89
6.76
6.71
6.16

6.773
6.729
6.707
6.183

6.80
6.66
6.59
6.26

6.64
6.55
6.57
6.28

6.95
6.91
6.96
6.70

7.24
7.15
7.30
7.08

Apr. 4 . . . .
11....
18....
25....

6.330
6.409
6.310
6.476

6.35
6.40
6.37
6.59

6.391
6.454
6.247
6.494

6.42
6.40
6.35
6.74

6.32
6.27
6.29
6.69

6.77
6.73
6.78
7.07

7.22
7.29
7.43
7.62

May 2 . . . .
9....
16....
23...,
30....

6.876
7.184
6.994
6.828
7.133

6.86
6.82
6.80
6.73
7.00

7.253
7.493
7.202
6.996
7.355

7.16
6.93
7.01
6.95
7.15

7.13
7.06
7.13
7.08
7.19

7.56
7.65
7.63
7,70
7.77

7.87
7.96
7.98
7.97
7.98

June 6. . . .
13....
20....
27....

6.824
6:785
6.733
6.626

6.82
6.76
6.71
6.51

6.858
6.895
6.947
6.929

6.86
6.93
6.96
6.80

7.01
7.10
7.17
7.06

7.52
7.53
7.55
7.44

7.76
7.86
7.95
7.88

6.421
6.642
6.547
25.... 6.385

6,46
6.62
6.46
6.34

6.603
6.656
6.644
6.442

6.50
6.69
6.52
6.41

6.83
6.77
6.62
6.54

7.29
7.14
6.94
6.90

7.73
7.60
7,55
7.56

3-month bills

6-month bills

9- to 12-month
issues

3- to
5 -year
issues

Rate
on new
issue

Market
yield

Rate
on new
issue

Market
yield

I -year
bills
(market
yield) 2

Other

6.345
6.413
6.512
6.527
6.198

6.37
6.46
6.53
6.42
6.25

6.429
6.496
6.682
6.587
6.338

6.46
6.60
6.65
6.52
6.45

6.50
6.61
6.65
6.49
6,45

6,93
6.97
7.09
6.95
6.69

7.58
7.61
7.65
7.59
7.42

Sept. 5
6.342
12
6.365
19... . 6.314
26
5.954

6,37
6.40
6.22
5.80

6.508
6,555
6,494
6,241

6.58
6.57
6.48
6.28

6,52
6.49
6.37
6.27

6.81
6.85
6.72
6.49

7.42
7.40
7.24
7.05

Oct. 3
10
17
24
31

5.807
6.025
6.029
5.942
5.831

5.84
6.03
5.95
5.83
5.84

6.373
6.413
6.225
6.128
6.116

6.42
6.35
6.16
6.15
6.07

6.33
6.29
6.22
6.22
6.15

6.54
6,44
6.36
6.28
6.20

7.09
7.04
7.05
7.13
7.03

Nov. 7
14
21
28

5.653
5.459
5.281
4.760

5.56
5.48
5.19
4.99

5.772
5.653
5.406
4.855

5.81
5.68
5.31
5.02

5.86
5.70
5.22
4.96

6.03
5.81
5.34
5.04

6.84
6.67
6.26
5.84

Dec. 5
12
19
26 ..

5,084
4.882
4.775
4.727

4.97
4.92
4.77
4.83

4.979
4.874
4.785
4.765

4.96
4.94
4.80
4.87

4,91
4.91
4,79
4.85

5.05
5.06
4.88
4.85

5.81
5.80
5.82
5.96

1970

1970

Jul

Week
ending

V::::
18....

1 Tax-exempt before March 1941.


2 Bill closest to 1 year in maturity. New 1-year bills have been issued
monthly since September 1963. Before that time, they were issued only
quarterly as most, so some quotations were for bills having 9 months or
less
to maturity.
3
Certificates of indebtedness and selected note and bond issues.

12.8.

Aug. 1
8
15
22
29

* Beginning June 1965 for market yields on 3- and 6-month bills and
in mid-August 1967 For those on longer-term bills, series includes new
issue of bills on the day following the auction, as trading begins on a whenissued
basis,
5
Negative yield.

BANK RATES ON SHORT-TERM BUSINESS LOANS


A. PRIME RATE, 1929-70
[Per cent per annum]

In effect during

Rate

1929

5'/2-6

1930
1931
1932
1933

3V4-6
23/4-5
3^4-4

Effective date
1951 Jan
Oct.
Dec

8
17..
19

1953 Apr

27

2'/2

23/4
3
31A

P/2-4

1934-47 (Nov.)

l!/2

Effective date

1954Mar. 17. .

1955 Aug
Oct.

3l/4
3 l /2

4
14

1956 Apr. 13
Aug. 21

4
4'/2

1947 Dec. *

1%

1957 Aug

1948Aug. i

1958Jan. 22
Apr. 21
Sept. 11

1950Sept. 22
1

Rate

2 l /4

33/4

4
3'/2

Date of change not available.

Digitized for FRASER


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

707

Effective date

Rate

1959May 18
Sept. 1

4y2
5

I960Aug

23

4/2

1965Dec.

1966Mar. 10 ..
June 29
Aug. 16

1970Mar
Sept.
Nov.
Nov.
Dec

5'/2
53/4

5>/2
6

1968 Apr
Sept.
Nov.
Dec.
Dec.

6%

19
25
13
2
18

1969 jan
7
Mar. 17 .
June 9

1967Jan. 26-27...
Mar. 27
Nov. 20

5>/2-S 3 /4

6'/2

6'/2

6%

Effective date

-6l/4

25
21
12
23
22

Rate
7
7'A
8'A
g
7 l /2

7%
7
63/4

12.8

BANK RATES ON SHORT-TERM BUSINESS LOANSContinued

B. AVERAGE RATES, ANNUALLY AND QUARTERLY, 1939-66


[Weighted averages based on new loans and renewals for first 15 days of month; per cent per annum]
New York City

19 large cities
Year, on first
half of month

Size of loan
(thousands of dollars)

AH
loans

1=10

oo

10--100

100- 200 and


over
200

Size of loan
(thousands of dollars)

All
loans

100- 200 and


200 1 over

10-100

1-10

1939

2.1

4.4

3.1

2.1

1.8

1.8

1940.
1941
1942.
1943
1944

2.1
2.0
2.2
2.6
2.4

4.3
4.3
4.4
4.4
4.3

' 3.0
3.0
3.2
' 3.4
3.3

2.0
1.9
2.2
2.5
2.6

1.8
1.8
2.0
2.4
2.2

1.8
1.8
2.0
2.2
2.1

1945
1946
1947
1948
1949

2.2
2.1
2.1
2.5
2.68

4.3
4.2
4.2
4.4
4.60

3.2
3.1
3.1
3.5
3.65

2.3
2.2
2.5
2.8
2.97

2.0
1.7
1.8
2.2
2.38

2.0
1.8
1.8
2.2
2.37

4.20

3.40

2.73

1950
1951.
1952
1953.
1954

2.69
. .. 3.11
3.49
3.69
3.61

4.52
4.73
4.89
4.97
4.97

3.64
3.96
4.20
4.36
4.33

2.98
3.36
3.72
3.89
3.87

2.40
2.85
3.27
3.49
3.38

2,37
2,83
3,28
3.47
3.36

4.00
4.32
4.53
4.66
4.75

3.34
3.74
4.03
4.22
4.22

1955
1956
1957
1958
1959.

3.70
4.20
4.62
4.34
5.00

4.96
5.21
5.52
5.49
5.78

4.39
4.75
5.12
4.99
5,45

3.95
4.41
4.81
4.58
5.19

3.49
4.03
4.46
4.14
4.86

3.47
4.04
4.47
4.12
4.84

4.78
5.09
5.39
5.29
5.62

. .. 5.16
4.97
5.00
5.01
4.99

5.96
5.87
5.88
5.87
5.85

5.66
5.53
5.54
5.54
5.55

5.36
5.20
5.24
5.22
5.25

5.01
4.80
4.83
4.84
4.81

5.06
6.00

5,91
6.51

5.62
6.39

5.35
6.20

4.87
5.87

1960.
.
1961......
1962
1963
1964

1965
1966.

1939 Mar,
June
Sept. ,
Dec.

. . . 2.1
2.1
2.1

4.4
4.4
4.4
4.3

3.2
3.1
3.1
i 3.0

2.1
2.2
2,1
2.0

1.8l
1,8 \
1.8 J
1.8

1940Mar.
June
Sept.
Dec.

2.0
1.9
2.1
2.2

4.2
4.2
4.3
4,3

3.0
3.0
3.0
3.1

1.9
2.1
2.0
1.8

1941 M a r . . . . . . . . . . . . .
June
Sept.. . . . . . . . . . . .
Dec.

2.1
2.1
1.9
2.0

4.3
4.3
4.2
4,3

3.0
3.0
3.0
3.1

1.9
i 1.8
2.0
2.0

1 1.8 !
i 1.6 i
1.9 l
1.9 j

1.8
1.9
1.6
1.7

1942 Mar.
June
Sept.
Dec.....

2.0
2 i
2.4
2.4

4.3

4.4
4.4

3.0
? 2
3.2
3.3

2,0
* 1
2,2
2,4

1.7 ',
1 8
2,2
2.1 i

Digitized for FRASER


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

A. d

7 northern and eastern cities

1-10

2.0
1.9
2.3

i 2 9

100- 200 and


over
200

10-100
|

1i
....

1-10

10-100

100- 200 and


200
over

2.5
2.5
2.6

...

!'
'

2.5

:::::::

Size of loan
(thousands of dollars)

AH
loans

2.5

2 1

2.2

2.19

4.66

3.65

2.95

2.72
3.16
3.57
3.72
3.66

2.20
2.69
3.15
3.34
3.21

2.68
3.09
3.47
3.68
3.62

4.61
4.76
4.88
5.04
5.04

3.63
3.94
4.19
4.37
4,33

2.95
3.30
3.71
3.87
3.91

4.30
4.71
5.06
4.86
5.35

3.79
4.33
4.71
4.38
5.08

3.33
3.92
4.36
3.99
4.75

3.70
4.22
4.63
4.34
S.Ot

5.03
5.29
5.54
5.52
5.76

4.39
4.78
5.12
4.97
5.46

4.97
4.76
4.78
4.79
4.75

5.77 i 5.54
5.65 1 5.38
5.35
5.63
5.36
5.63
5.63
5.38

5.21
5.05
5.10
5.05
5.05

4.87
4.64
4.67
4.69
4.64

5.15
4.98
5.01
5.01
5.02

5.91
5.84
5.85
5.85
5.84

4.83
S.S4

5.66
6.32

5.43
6.26

5.16
6.08

4.72
5.76

5.09
6.06

5.89
6.43

oo

zo

2.5

2 6
2.71

I
O
G

2 8
2 8

1 7

.......

;i

Size of loan
(thousands of dollars)

All
loans

2.0

i!

11 southern and western cities

2 5
2.6

29
3.10

4.75

3.79

3.15

2.64

2.44
2.87
3.27
3.50
3.42

3.19
3.52
3.84
4.04
3.97

4.71
4.90
5.04
5.07
5.04

3.82
4.11
4.31
4.42
4.40

3.17
3.53
3.85
4.02
3.98

1 2.78
3.15
3.54
3.78
3.68

3.94
4.40
4.81
4.55
5.17

3.52
4.08
4.50
4.18
4.90

4.03
4.42
4.83
4.67
5.23

5.01
4.43
5.24
4.76
5.14
5.57
5.56
5.07
5.85 I 5.51

4.06
3.75
4.46 i 4.19
4,62
4.86
4.72
4.41
5.29 i 5,04

5.63
5.50
5.53
5.55
5.56

5.35
5.19
5.20
5.23
5.27

5.03
4.85
4.87
4.87
4.88

5.45
5.28
5.32
5.30
5.30

5.75
6.07
5.98 i 5.63
6.00
5.66
5.98
5.65
5.94
5.64

5,47
5.30
5,36
5.33
5.37

5.26
5.06
5.09
5,09
5.08

5.64
6.49

5.36
6.28

4.94
5.95

5.34
6.15

6.03
6.63

5.73
6.42

5.46
6.22

5.08
5,97

2.48

-> <o

1943 Mar
June

27
2.9

43
4.3

3 3
3.4

Dec.

25

44

3 4

L O

1944= Mar
June
Sept
Dec

25
25
2.5
2.3

44
42
44
4.3

3
3
3
3

4
4
3
1

27
25
26
25

22
23
23
2.0

1945 Mar
June
Sept
Dec.

2.3
23

4.4
44

3.3
3 3

2.6
23

2.0
20

20

42

30

20

1 7

1946 Mar
June
Sept.
Dec.

2.1
2.0
20
2 1

4.1
42
40
44

3.1
3 1
3 I
3 2

2.3
22
21
21

1.7
7
7
g

2 1
2.1
21
2.1

43
4.1
41
4 1

3
3
3
3

1
I
1
2

25
26
24
25

g
.8
g
.8

1948 Mar
June
Sept
Dec

2.4
2.47
2.60
2.64

42
4.49
4.53
4.50

3 3
3 47
3.58
3.58

25
2 70
2.92
2.97

2 I
2 ig
2.29
2.34

2 12
2.32
2.34

4 35
4.40
4.23

3 19
3.35
3.40

2 43
2.68
2.70

1 94
2.13
2.16

2 49
2.60
2.68

4 42
4.55
4.51

3 40
3.58
3.60

2 67
2.91
2.97

2 27
2.34
2.44

2 92
3.01
3.02

4 60
4.57
4.62

3 68
3.71
3.68

2 91
3.07
3.14

2 45
2.56
2.57

1949 Mar
June
Sept
Dec

2.70
2 74
2.63
2 65

4.62
4 63
4 62
4 53

3.64
3 70
3 64
3 61

2.89
3 04
2 98
2 98

2.42
2 44
2 31
2 35

2.42
2 35
2 32
2 38

4.22
4 22
4 23
4 14

3.42
3 43
3 41
3 35

2.66
2 78
2 74
2 73

2.25
2 17
2 13
2 21

2.68
2 86
2 64
2 67

4.63
4 67
4 71
4 63

3.66
3 64
3 63
3 65

2.89
2 98
2 93
3 00

2.44
2 66
2 39
2 41

3.12
3 17
3 07
3 03

4.79
4 80
4 74
4 66

3.75
3 89
3 79
3 74

3.04
3 26
3 18
3 12

2.71
2 69
2 58
2 56

. . 2 60
2 68
. . . . 2 63
2 84

4 45
4 50
4 51
4 60

3
3
3
3

2 94
2 94
2 95
3 10

2 31
2 39
2 34
2 57

2 29
2 34
2 32
2 51

3 85
3 94
4 06
4 17

3
3
3
3

22
35
33
44

2 64
2 73
2 72
2 gO

2 13
2 16
2 15
2 35

2 55
2 67
2 63
2 87

4 64
4 58
4 56
4 64

3
3
3
3

2 91
2 82
2 87
3 18

2 28
2 45
2 39
2 65

3
3
3
3

12
22
13
28

4 64
4 70
4 71
4 78

3
3
3
3

71
83
83
91

3
3
3
3

15
17
15
21

2 74
2 82
2 67
2 90

3 02
3 07
3.06
3 27

4 68
4 73
4 74
4 78

3 88
3 93
3 99
4 05

3
3
3
3

27
32
36
49

2 76
2 gi
2 78
3 03

2 74
2 78
2 79
3 01

4 20
4 37
4 35
4 37

3
3
3
3

68
66
72
91

3
3
3
3

06
06
18
34

2 59
2 64
2 64
2 87

3
3
3
3

02
04
06
23

4 74
4 68
4 81
4 81

3 86
3 90
3 97
4 04

3
3
3
3

2
2
2
3

3
3
3
3

42
52
47
67

4 87
4 90
4 89
4 95

4 01
4 10
417
4 15

3
3
3
3

41
52
55
62

3
3
3
3

1952 Mar.
June
Sept
Dec

3 45
3.51
3.49
3 51

4 85
4.90
4.91
4 88

4 16
4.21
4.22
4 21

3 66
3.72
3.74
3 77

3 23
3.27
3.29
3 33

4 43
4.53
4.66
4 51

3 97
4.03
4.06
4 06

3 48
3.55
3.60
3 63

3 11
3J4
3.15
3 19

3 47
3.46
3.44
3 49

4 91
4.90
4.85
4 85

4 16
4.17
4.20
4 21

3 67
3.71
3.72
3 74

3 29
3.27
3.24
3 29

3 79
3.90
3.84
3 4

5 oi
5.05
5.04
5 06

4 28
4^33
4.31
4 30

3 79
3.86
3.82
3 91

3 46
3.63
3.56
3 51

1953^Mar. . . .
June
Sept.
Dec

3 54
3.73
3 74
3.76

4 89
4 98
5 01
4.98

4 25
4 38
4 40
4.39

,7S
3 91
3 93
3.96

3 24
3.29
3.27
3 29
^
3 32
3 53
3 54
3.57

3 31
3 52
3 52
3.51

4 55
4 63
4 76
4.70

4 13
4 25
4 25
4.25

3 55
3 79
3 76
3.77

3 17
3 39
3 40
3.38

3 50
3 71
3 71
3.79

4 95
5 07
5 08
5.07

4 24
4 38
4 45
4.40

3 74
3 87
3 91
3.96

3 30
3 54
3 52
3.63

3 90
4 05
4 10
4.10

5 02
5 09
5 10
5.06

4 31
4 46
4 46
4.46

3 91
4 02
4 06
4.09

3 62
3 79
3 86
3.86

1954 Mar
June
Sept...
Dec.

3.72
3 60
3 56
3 55

4.99
4 97
4 99
4 92

4.37
4 35
4 32
4 29 j

3.94
3 89
3 82
3 84

3.52
3 37
3 32
331

3.50
3 34
3 29
3-30

4.79
4 75
4 81
4 66

4.27
4 24
4 21
4 15

3.75
3 71
3 54
3 64

3.37
3 19
3 13
3 15

3.74
3 61
3 57
3 55

5.06
5 04
5 07
4 99

4.36
4 31
4 34
4 31

3.97
3 83
3 94
3 89

3.57
3 42
3 36
3 33

4.03
3 98
3 95
3 90

5.05
5 05
5 03
5* 01

4.43
4 43
4 39
4 36

4.03
4 05
3 91
3 93

3.76
3 67
3 68
3 60

1955Mar.
June..
Sept.
Dec. . .

3
3
3
3

54
56
77
93

4 93
4 92
4 98
5 01

4 29
4 29
4 44
4 52

3 83
3 83
3 99
4 14

3
3
3
3

3
3
3
3

29
30
54
76

4 68
4 73
4 83
4 86

4 14
418
4 39
4 48

3 65
3 62
3 87
4 00

3
3
3
3

3
3
3
3

55
55
76
95

5 02
4 97
5 06
5 08

4 32
4 29
4 43
4 52

3
3
3
4

3
3
3
3

35
37
58
79

3 87
3 95
4 11
4 17

5 00
4 98
5 oi
5 06

4 35
4 34
4 47
4 54

3 92
4 01
4 07
4 22

3
3
3
3

w
GO

1956 Mar.
June
Sept
Dec

3 93
4.14
4.35
4.38

5 05
5 18
5.30
5.32

4 55
4 69
4.86
4.90

4 13
4 34
4.52
4.63

3 74
3 97
4.19
4.20

3 75
3 97
4.20
4.22

4 92
5 00
5.26
5.18

4 49
4 61
4.84
4.88

4 05
4 23
4.46
4.57

3 62
3 86
4.09
4.10

3 93
4 15
4.39
4.40

5 11
5 26
5.36
5.41

4 55
4 74
4.gg
4.94

4 10
4 32
4.53
4.63

3 78
4 01
4.26
4.25

4 19
4 38
4.53
4.58

5 09
5 23
5.29
5.35

4 58
4 71
4.85
4.90

4 20
4 42
4.54
4.66

3 94
4 15
4.32
4.35

1947 Mar.
June
Sept.
Dec

. .

1950 Mar.
June
Sept.
Dec.
1951 Mar.
June
Sept
Dec.

Digitized for FRASER


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

...

54
65
63
73

23
2.8

2.8

30
33
56
75

14
15
39
64

60
62
59
70

23
28
24
46

84
78
99
16

81
83
82
03

06
14
04
35

54
67
88
91

C/3
>

i
GO

w
o

12.8

BANK RATES ON SHORT-TERM BUSINESS LOANSContinued

B. AVERAGE RATES, ANNUALLY AND QUARTERLY, 1939 ^6Continued


[Weighted averages based on new loans and renewals for first 15 days of month; per cent per annum]
19 large cities
First half
of month

Size of loan
(thousands of dollars)

All
loans

7 northern and eastern cities

New York City


Size of loan
(thousands of dollars)

All
loans

10-100

100- 200 and


over
200

4.40
4.39
4.85
4.86

5.41
5.39
5.69
5.67

4.91
4.94
5.31
5.33

4.61
4.61
5.01
5.02

4.26
4.25
4.73
4.74

4.17
3.74
3.87
4.18

4.49
4.17
4.21
4.50

5.60
5.48
5.48
5.53

5.08
4.85
4.90
5.05

4.72
4.39
4.42
4.66

4.56
4.97
5.36

4.18
4.61
5.07

4.49
4.90
5.27

5.54
5.67
5.88

5.06
5.33
5.69

5.61
5.61

5.36
5.41

5.06
5.12

5.28
5.39

5.89
5.95

5.81
5.81
5.73
5.73

5.63
5.64
5.45
5.42

5.41
5.42
5.00
4.99

5.10
5.10
4.62
4.66

5.34
5.34
4.96
4.97

4.75
4.75
4.75
4.77

5.67
5.63
5.65
5.66

5.40
5.39
5.36
5.37

5,03
5.06
5.06
5.04

4.64
, 4.63
4.64
i 4.66

4.81
4.84
4.82
4.85

4.78
4.79
4.77
4.78

5.65
5.64
5.60
5.61

5.36
5.35
5.35
5.33

5.04
5.09
5.14
5.12

5.21
5.24
5.21

; 5.23

4.83
4.84
4.85
4.82

4.80
4.78
4.81
4.76

5.62
5.61
5.64
5.63

i 5.36
5.37
5.36
5.36

5.54
. 5.53
5.57
5.56

5.22
5.24
5.23
5.31

4.82
4,81
4.79
4.82

4.77
4.74
4.72
4.77

5.66
5.64
5.64
5.59

5.89
5.88
5.90
5.96

5.56
5.59
5.60
4.74

5,26
5.29
5.32
5.51

4.78
4.79
4.80
5.11

4.74
4.74
4.76
5.08

6.13
6.39
6.73
6 7s

5.96
6.25
6.65
6 7U

5.76
6.03
6.51

5.41
5.68
6.18
6.1V

5.41
5.65
6.13
6.16

10-100

100200

200 and
over

4.38
4.40
4.83
4.85

5.38
5,37
5.67
5.66

4.94
4.94
5.29
5.29

4.59
4.61
5.01
5.01

4.21
4,23
4.69
4.71

1958 Mar,
June. . . . . . . . . . . . .
Sept
Dec

4.49
4.17
4.21
4.50

5.55
5.45
5.45
5.49

5.10
4.88
4.90
5.06

4.75
4.40
4.47
4.68

1959 Mat.
June.
Sept.

4.51
4.87
5.27

5.53
5.68
5.91

5.09
5.33
5.65

5.27
5.36

5.92
5.99

196Q=Mar
June
Sept.
Dec...

5.34
5.35
4.97
4.99

1961Mar
June . ...
Sept.
Dee.

10-100

100200

20D and
over

4.60
4.65
1 5.01
5.05

5.42
5.42
5.72
5.73

4.96
4.99
5.31
5.31

4.64
4.70
5.05
5.04

4.35
4.43
4.81
4.87

4.33
3.99
4.03
4.36

4.77
4.58
4.54
4.79

5.60
5.56
5.55
5.53

5.17
4.99
4.99
5.12

4.87
4.57
4.63
4.79

4.49
4.31
4.23
4.59

4.71
5.06
5.42

4.35
4,78
5.17

j 4.84
! 5.07
5.44

5.62
5.74
5.97

5.20
5.37
5.65

i 4.87
5.13
1 5.50

; 5.70
5.77

5A1
5.50

5.17
5.30

5.46
5.56

5.99
6.08

1 5.68
5.81

5.51
5.64

5.30
5.38

5.95
5.94
5.90
5.86

5.73
j 5.72
! 5.54
5.52

5.47
5.52
5,21
5.19

5.24
5.24
4.81
4.83

5.57
5.58
i 5.32
5.33

6.12
6.10
6.04
6.00

5.83
5.84
5.68
5.65

5.57
5.61
i 5.34
5.36

5.40
5.41
5.10
5.12

4.96
4.95
5.05
4.96

5.85
5.84
5.86
5.82

5.49
5.45
5.53
5.51

5.20
5.15
5.18
5.22

4.82
4.82
4.93
4.81

5.29
5.31
5.26
; 5.24

5.99
6.02
5.97
5.94

5.62
5.65
5.62
5.62

5.31
5.29
5.28
5.31

5.09
5.10
5.04
5.00

4.68
4.68
4.65
4.68

4.97
\ 5.00
i 5.00
5.05

5.85
5.83
5.87
5.85

II 5.53
5.52
5.51
5.55

5.17
5.21
5.20
5.23

4.83
4.86
4.87
4.92

5.28
5.33
5.32
i 5.33

6.01
6.01
5.98
6.01

5.66
5.65
5.65
5.68

5.35
5.39
5.28
5.41

5.03
5.12
5.12
5.10

5.06
5.05
5.04
5.04

4.70
4.68
4.71
4.65

4.98
5.01
5.01
5.04

5.85
5.84
5.85
5.BS

! 5.53
!i 5.54
" 5.56
:i 5.55

5.18
5.27
5.19
5.27

4.84
4.87
4.88
4.90

5.30
5.32
5.30
5.29

6.02
5.97
5.96
5.97

5,66
5.63
5.64
5.65

5.33
5.34
5.33
5.31

5.07
5.12
5,09
5.07

5.39
5.36
5.40
5.35

5.06
: 5.05
5.01
5.08

4.66
4.63
4.61
4.66

5.02
5,03
5.01
5.03

5.81
5.83
5.88
5.84

5.54
5.55
5.56
5,58

5.24
5.27
5.25
5.31

4.88
, 4.89
4.86
4.88

5.29
; 5,29
5.31
5.31

5.91
5.93
5.95
5.96

5.62
5.61
5.67
5.67

5.31
5.34
5.36
5.46

5.08
5.07
5.09
5.06

5.62
5.62
5.65
5.74

5.36
5.39
5.37
5.59

5.10
5.07
5.13
5.34

4.62
4.62
4.64
4.99

5.00
5.01
5.03
5.32

5.85
5.88
5.88
5.95

5.55
5.58
5.62
5.80

5.26
5.32
5.31
5,56

4.85
4.85
4.87
5.19

5.27
5.31
5.31
5.46

6.02
6.00
6.02
6.07

5.68
5.71
5.73
5.80

5.36
5.42
5.45
5.59

4.99
5.06
5.03
5.23

5,92
6.14
6.60
6.6(1

5.78
6.11
6.57
6.56

5.66
5. $7
6.39
6.38

5.34
5.57
6.05
6.09

5.58
5.86
6.40
6.38

6.10
6.32
6.62
6.66

6.05
6.35
6.75
6.81

5.82
6.08
6. fit!
6.60

5.46
5.74
6 11
6.27

5.70
6.00
6,42
6.46

6.23
6.52
6,84
6.91

6.01
6.28s
6 6
6^73

5.77
6.08
6.51
5.52

5.50
5.82
6.2*
' 6,29

10-100

4.23
4.23
4.69
4.71

5.26
5.24
5.54
5.50

4.92
4.86
5.24
5.23

4.47
4.49
4.93
4.94

4.11
4.12
4.60
4.62

4.29
3.95
4.00
4.33

4.29
3.88
4.00
4.29

5.42
5.18
5.19
5.38

5.02
4.72
4.74
4.94

4.60
4.13
4.28
4.52

4.74
5.06
5.43

4.32
4.72
5.15

4.29
4.71
5.15

5.30
5.55
5.79

4.93
5.24
5.60

5.66
5.74

j 5.44
5.54

5.15
5.24

5.14
5.19

5.79
5.82

6.01
6.00
5.94
5.90

5.75
5.76
5.58
5.56

5.50
5.53
5.21
5.21

5.21
5.22
4.78
4.82

5.18
5.19
4.74
4.77

4.97
4.97
4.99
4.96

5.89
5.89
5.87
5.84

5.53
5.53
5.52
5.52

5.20
5.18
5.19
5.21

4.80
4.80
4.82
4.78

1962 Mar. . . .
June. . . . . . . . . . . . .
Sept. . . . . . . . . . . . .
Dec.

4.98
5.01
4.99
5.02

5.89
5.88
5.86
5.88

5.54
5.53
5.53
5.55

5.21
5.25
5.21
5.28

1963 Mar. . . .
June. . . . .
Sept. . .
Dec.. . . . . . . . . . . . .

5.00
5.01
5.01
5.00

5.89
5.86
5.86
5.86

5.55
' 5,54
5.54
i 5.54

1964 Mar.
June. .....
Sept.

4.99
4.99
4.98
5.00

5.83
5.84
5.86
5.85

1965 Mar..
J une . . . . . . . . . . . . .
Sept.. . . . . . . . . . . .
Dec, . . . . . . . . . . . . .

4.97
4.99
5.00
5.27

(966 Mar. . . . . . . . . . . . . 5.55


J u n e . , , . . . . . . . . . . 5.82
Sept.....
6.30
6 31

Sept,1 . . . .
Dec.

1
Rates for this and later Surveys are based <m figures excluding (loans to nonbank financial
institutions, in accordance with changes inside in the loan schedule of the eat! report of condition.

Digitized for FRASER


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

Size of Joan
(thousands of dollars)

AH
loans

1=10

100- 200 and


over
200

1-10

. .

Size of loan
(thousands of dollars)

AH
loans

1=10

1=10
1957 Mar
June
Seot
Dec,

1 1 southern and western cities

4.60
4.87
;

5.29

MONEY RATES AND SECURITIES MARKETS


12.9

BANK RATES ON BUSINESS LOANS, QUARTERLY, 1967-70


A. SHORT-TERM LOANS, BY SIZE
[Weighted average rates. Per cent per annum]

Survey period

AH
centers

New
York

Other
Northeast

North
Central

Southeast

Southwest

West
Coast

Alt
centers

New
York

All sizes

Other
Northeast

North
Central

Southeast

Southwest

West
Coast

Loans of $1,000- $9,000

1967 Feb
May
Aug
Nov.

6.13
5.95
5.95
5.96

5.86
5.67
5.66
5,71

6.45
6.32
6.29
6,29

6.12
5.91
5.92
5.91

6.07
5.93
5.92
5.94

6.18
6.04
6.01
6.03

6.26
6.05
6.02
6.03

6.73
6.61
6.58
6.60

6,55
6.41
6.33
6.37

6.75
6.61
6.61
6.59

6.80
6.64
6.65
6.67

6.58
6.44
6.38
6.46

6.65
6.63
6.54
6.61

7.26
7.14
7.12
7.08

1968 Feb.
May
Aug.
Nov.

6.36
6.84
6.89
6.61

6.14
6.60
6.67
6.40

6.73
7.18
7.16
6.95

6.35
6.89
6.96
6.69

6.21
6.61
6.74
6.44

6.41
6.87
6.86
6.48

6.31
6.76
6.86
6.62

6.82
7.18
7.35
7.27

6.71
7.11
7.30
7.16

6.84
7.21
7.49
7.43

6.95
7.30
7.35
7.22

6.57
6.89
7.09
6,98

6.75
7.16
7.20
7.14

7.37
7.68
7.73
7.68

1969 Feb.
May
Aug,
Nov

7.32
7.86
8.82
8.83

7,13
7.66
8.65
8.66

7.59
8.18
9,14
9.21

7.41
7.89
8.85
8.83

7.01
7.66
8.46
8.58

7.25
7.87
8.85
8.79

7.35
7.83
8.75
8.81

7.73
8.22
8.99
9.05

7.76
8.23
9.12
9.22

7.88
8.31
9.09
9.16

7.79
8.09
8.80
8.77

7.37
7.96
8.59
8.69

7.56
8.27
9.09
9.20

8.09
8.51
9.47
9.45

1970 Feb.
May
Aug
Nov.

8.86
8.49
8.50
8.07

8.65
8.24
8.24
7.74

9.23
8.86
8.89
8.47

8.86
8.44
8.47
8.05

8.67
8,44
8.49
8.15

8.87
8.61
8.53
8.08

8.84
8.42
8.54
8.16

9.17
9.05
9.15
-8.89

9.31
9.05
9.07
8.67

9.28
9.23
9.41
9.00

8.96
8.80
8.90
8.71

8.82
8.70
8.76
8.72

9.25
9.10
9.08
8.85

9.61
9.49
9.51
9.41

Loans of $10,000- $99,000

Loans of $100, 000- $499 ,000

1967 Feb.
May...,.
Aug.
Nov

6.64
6.48
6.46
6.48

6.49
6.27
6.25
6.22

6.84
6.70
6.70
6.69

6.65
6.44
6,41
6.46

6.32
6.22
6.18
6.25

6.50
6.37
6.32
6.36

6.90
6,86
6,84
6.79

6.33
6.16
6.16
6.17

6,08
5.88
5,88
5.95

6.57
6.48
6.42
6.42

6.39
6.13
6.16
6.18

6.05
5.95
5.97
5.96

6.26
6.12
6.10
6.09

6.49
6.31
6.38
6.34

1968 -Feb

Aug
Nov.

May

6.76
7.21
7.27
7,14

6.65
7.07
7.14
6.95

7,00
7.48
7.48
7.42

6.83
7.26
7.34
7.14

6.43
6.83
6.96
6.85

6.54
7.02
7.08
6.93

7.00
7.37
7.50
7.33

6.56
7.00
7.07
6.80

6.39
6.82
6.87
6.59

6.85
7.33
7.28
7.04

6.62
7.06
7.21
6.87

6.25
6.65
6.78
6.62

6.39
6.85
6.91
6.63

6.62
6,95
7,11
6.83

1969 Feb.
May
Aug.
Nov

7.70
8.23
9.14
9.20

7.65
8.14
9.12
9.13

8.03
8.50
9.49
9,57

7.81
8.20
9.14
9.16

7.20
7.91
8.57
8.73

7.42
8.09
8.96
9.02

7.81
8.23
9.23
9.22

7.46
8.01
8.96
9.00

7.30
7.81
8.83
8.83

7.76
8.31
9.32
9.36

7.60
8.07
9.06
9.11

7.09
7.72
8.39
8.55

7.21
7.89
8.83
8.81

7.54
7.97
8.94
8.95

1970Feb.
May. . .
Aug.
Nov

9.26
9.04
9,07
8,79

9.12
8.91
8.95
8.60

9.60
9.34
9.42
9.09

9.24
8.93
8.99
8.72

8.80
8.77
8.79
8.64

9.11
8.90
8.84
8.53

9.32
9.13
9.19
8.99

9.04
8.73
8.75
8.34

8.89
8.53
8.59
8.12

9.36
9.01
9.01
8.60

9.11
8.78
8.79
8.36

8.65
8.49
8,54
8.16

8.94
8.61
8.59
8.26

8.96
8.72
8.81
8.38

Loans of $500,000-5999,000

Loans of $1,000,000 and over

1967 Feb.
May. . .
Aug.
Nov

6.13
5.89
5.89
5.90

5.89
5.66
5.69
5.70

6.39
6.10
6.08
6.19

6,17
5,89
5.89
5.87

6.03
5.71
5.78
5.75

6.13
5.97
5.95
5.95

6.27
6.03
5.95
5.89

5.90
5.73
5.72
5.73

5.77
5.59
5.58
5.63

6.09
6.00
5.99
5.95

5.92
5.75
5.76
5.74

5.84
5.74
5.67
5.68

5.95
5.81
5.78
5.82

6.03
5.78
5.72
5.76

1968 Feb
May
Aug. . . .
Nov..

6.31
6.81
6.90
6.57

6.15
6.64
6.69
6.40

6.62
7.09
7.14
6.78

6,36
6.90
7.08
6.66

6.01
6.53
6.61
6.42

6.27
6.72
6.78
6.48

6,33
6.80
6.78
6.52

6.19
6.68
6,70
6.40

6.06
6.52
6.60
6.32

6.48
6.90
6.83
6.59

6.18
6.76
6.78
6.55

6.04
6.37
6.54
5.75

6.42
6.86
6.72
6.10

6.03
6.54
6.63
6.40

1969 Feb
May
Aug,
Nov

7.29
7.84
8.84
8,84

7.13
7.65
8.65
8.74

7.48
8,16
9.15
9.18

7.49
7.95
8.93
8.81

6.79
7.44
8.48
8.60

7.23
7.80
8.75
8.76

7.26
7.75
8.82
8.76

7.16
7.70
8.67
8.66

7.06
7.60
8.59
8.58

7.18
7.84
8.77
8.85

7.26
7.76
8.72
8.70

6.84
7,45
8.45
8.45

7.18
7.76
8.84
8.66

7.18
7.70
8.56
8.67

1970 Feb.
May
Aug.. . .
Nov.. .

8.87
8.43
8.46
8.09

8.72
8.31
8.23
7.83

9.18
8.72
8.68
8.30

8.88
8.44
8.46
8.26

8.54
8.31
8.45
7.95

8.86
8.32
8.48
7.99

8.98
8,50
8.61
8.12

8.67
8.25
8.25
7.74

8.57
8.13
8.12
7.59

8.91
8.45
8.49
7.99

8.71
8.24
8.27
7.78

8.63
8.15
8.15
7.78

8.67
8.58
8.33
7.69

8.66
8.13
8.28
7.90

Digitized for FRASER


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

711

MONEY RATES AND SECURITIES MARKETS


12.9

BANK RATES ON BUSINESS LOANS, QUARTERLY, 1967-70Continued


B. REVOLVING CREDIT LOANS, BY SIZE
[Weighted average rates. Per cent per annuml

AH
centers

Survey period

New
York

Other
Northeast

North
Central

Southeast

Southwest

Alt
West
Coast ; centers

All sizes

!"" ""

'

Other
North- North
east
Central

New
York

Southeast

Southwest

West
Coast

7.57
7.36
7.38
7,48

Loans of $1,OQG=$9,000

1967 Feb
May..
Aug
Nov..

6.05
5.85
5.83
5.82

5.83
5.65
5.65
5.62

6.17
5.78
6.02
5.98

5.91
5.88
5.86
5.75

5.99
5.84
5.90
6.14

6.27
6.19
6.11
6.51

6.22
5.94
5.89
5.89

6.95
6.84
6.78
6.93

6.30 1
5.95
5.84
6.03 ,|

6.77 I 6.88
6.87
6.72
6.66
6.41
6.79
6.86

6.00
5.97
6.00
6.01

6.75
6.61
ft. 9 5
ft. 98

1968 Feb.
May..
Aug...,
Nov. . ,

6.22
6.67
6.77
6.46

6.40
6.08
6.39 i 6.91
6.96
6.58
6.30
6.55

6.14
6.74
6.78
6.46

6.19
7.42
6.91
6.52

6/37
6.31
7.02 ! 6.74
6.84
6.86
6.50
7.06

7.06
7.45
7.47
7.32

6.34
6.62
6.33 I
5.76

6.9H
7.71
7.91
7.76 i

6.68
7.14
7.60
7.45

6.05
6.72
6.31
6.18

7.36
7.70
7.46 i 7,84
7.81 ! 7,76
7,72
7.03

7.23
7.67
8.65
8.67

7.14
7.55
8.58
8.59

7.22
7.69
8.93
8.73

7.35
7.68
8.64
8.76

7.22
7.61
8.57
8.40

7.59
7.95
9.10
9.22

7.22
7.72
8.63
8.63

7.72
8.38
8.81
8.89

6.32
7.43
8.60
6.SS

7.84 ! 7.56
K.4I " H.46
9.02
8.57
. 9.32
8.95

6.51
8.01)
8.01
8.02

y . 36

?.74
8.29
9 . 74

8.36
8.58
9.14
9.11

8.62
8.19
8.29
7.86

8.53
8.14
8.15
7.69

8.87
8.48
8.44
8.26

8.73
8.15
8.37
7.94

8.69
8.12
8.24
8.23

9.27
i 8.83
8.88
8.42

8.56
8.16
8.29
7.83

9.16
9.04
8.32
9.18

8.26
8.32
8.04
7.43

9.13 ! 9.22
8.91
8.90
9.51
9 22
9.99
8^58

8.48
8.49
8.50
8.46

9.44
S'.Ol
9.16
9 . 64

9.49
9.44
9.75
9.44

19 69 -Feb...
May
Aug. . . .
Nov

. .

1970 -Feb
May..
Aug
Nov..

Loans of $10,000= $99,000


1967 Feb.. .
May
Aug. . , .
Nov.

Loans of $100,000"$499,QOO

6.79
6.68
6.66
6.70

6.01
5.87
5.81
5.91

6.57
6.46
6.48
6.79

6.54
6.92
6.71
6.57

6.00
5.98
6.32
6.18

6.96
6.64
6.94
6.79

6.97
6.79
6.76
6.79

6.33
6.22
6.18
6.13

5.B2
5.78
5.73
5.78

6.59
6.09
6.56
5.93

6.08
6.43
6.37
6.27

5.83
5.72
5.79
6.01

6.49
6.51
6.17 i 6.32
6.20
6.34
6.45
6.18

1968 -Feb.
May..
Aug
Nov..

6.91
7.31
7.44
7.26

6.12
6.43
6.63
6.56

7.28
7.75
8.17
7.55

6.80
7.07
7.13
7.05

6.38
7.11
7.22
7.08

6.65
7.48
7.36
7.16

7.00
7.34
7.49
7.35

6.51
6.96
7.04
6.83

6.24
6.47
6.64
6.48

6.79
7.36
7.46
6.75

6.47
6.93
6.99
6.80

6.34
7.84
7.92
7.59

6.56
7.14
7.20
,6.92

6.56
7.01
7.07
6.91

1969 =Feb.
May
Aug. . .
Nov

7.82
8.13
8.89
9.05

7.01
7.58
8.23
8.32

7.92
8.26
8.86
8.99

7.84
8.36
9.06
9.32

7.39
7.83
8.08
8.27

7.46
i 7.85
9.21
9.34

7.42
7.96
7.87
8.18
8.91 1 8.68
8.79
9.07

7.07
7.65
8.48
8,68

7,29
7.79
8.73
8.81

7.41
7.82
8.81
8.93

7.37
7.54
7.84
8.21

7.62
'7.82
8.93
9.21

7.51
7.98
8,68
8.73

1970 Feb
May..
Aug. . . .
Nov.

9.18
9.03
9.11
8.85

8.35
8.02
7.84
7.83

9.62
9.28
9.36
9.06

9.46
9.07
9.23
8.62

8.56
8.58
8.60
8.09

9.25
8.89
8.88
9.32

8.82
S.53
8.53
8.21

8.71
8.19
8.28
7.73

9.11
8.65
8.36
8.33

8.89
8.67
8.74
8.14

9.13
8.20
8.33
8.02

19.31
9.12
9,16
|8.80

8,72
8.49
8.48
8.27

9.14
9.12
9.23
8.92

Loans of $500,000-5999,000

Loans of $1,000,000 and over

1967 Fob
May .
Aug
Nov

6.01
5.97
5.85
5.87

5.79
5.54
5.63
5.74

6.24
5.78
6.09
5.93

5.76
6.34
5.91
5.81

6.18
6.06
6.13
6.23

6.06
6.42
6.12
6.30

6.17
5.95
5.84
5.84

5.98
5.74
5.74
5.72

5.83
5.65
5.64
5.59

5.98
5.60
5.81
5.89

5.88
5.73
5.77
5.65

5.93
5.71
5.67

6.11
6.00
5.81
6.57

6,13
5. HI
5.79
5.78

1968 Feb

6.24
6.82
6.70
6.45

6.10
6.56
6.64
6.35

6.52
6.57
6.99
6.42

6.10
6.69
6.88
6.43

6.32
7.16
6.50
6.04

6.37
7.34
6.52
6.99

6.30
6.94
6.67
6.45

6.14
6.57
6.70
6.37

6.07
6.36
6.57
6.27

6.16
6.74
6.66
6.44

6.08
6.71
6.73 '
6.40

6.00
7,54
6.70
6.26

6,22
6.73
6. ,73
7,14 |

6.21
6.63
6.78
6.38

7.21
7.71
8.67
8,71

7.09
7.59
8.54
8.70

6.85
7.70
8.50
8.66

7.41
7.70
8.60
8.72

7.14
7.70
8.91
8.50

7.64
7.89
8.89
9.06

7.18
7.74
8.73
8.67

7.18
7.61
8.63
8.63

7.15
7.53
8.60
8.58

7.18
7.58
9.08
8.69

7.33
7.63
8.61
8.73

7.25
7.50
8.88
8.50

7 57
8 06
9,24
9,27

7.t2
7.64
8,59
8.59

8.63
8.26
8.39
7.93

8.41
8.19
7.99
7.74

8.81
8.52
8.32
8.19

8.66
8.33
8.53 !
7.95

8.59
7.59
8.09
8.27

9.15
8.62
8.90
8.52

8.61
8.22
8.49
7.85

8.57
8.09
8.21
7.75

8.53
S.14
8.16
7,68 i

8.71 :
8.31 !
8.34
8.12

8.69
8.03
8.28
7. SB

8.59 j 9.31
8.33
8.77
9.20
8.73
8.56
7.98

8.49
8.03
8.21
7.68

May

Aug
Nov. .

1969 Feb.
May.
Aug.
Nov. . . ,

. . . .

1970 -Feb
May
Aug. . .
Nov.

Digitized for FRASER


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

712

MONEY RATES AND SECURITIES MARKETS


12.9

BANK RATES ON BUSINESS LOANS, QUARTERLY, 1967-70Continued


C. LONG-TERM LOANS, BY SIZE
[Weighted average rates. Per cent per annum]

All
centers

Survey period

New
York

Other
Northeast

North
Central

Southeast

Southwest

West
Coast

Alt
centers

New
York

All sizes

Other
Northeast

North
Centra]

Southeast

Southwest

WestCoast

Loans of $1,000=$9,000

1967 Fcb
May
Aug
Nov

5.84
5.99
5.90
6.01

5.46
5.81
5.80
5.88

6.15
6.28
6.03
6.11

6.11
5.93
5.79
5.97

6.08
6.01
6.17
6.62

5.93
6.25
6.07
6.16

6.18
6.17
6.28
6.32

6.62
6.36
6.26
6.53

6.96
6,11
6.50
5.95

6.50
6.37
6.36
6.53

7.65
6.40
6.32
6.32

5.83
6.51
6.25
6,58

5.97
6.17
5.79
6.68

6.99
6.94
6.80
7.14

1968 Feb
May
Aug
Nov.

6.35
6.73
7.03
6.79

6.03
6.80
6.67
6.88

6.49
6.78
7.22
6.96

6.65
6.34
7.16
6.47

6.27
6.60
6.82
6.98

6.69
7.09
7.76
6.92

6.21
7.07
6.99
6.82

6.71
7.04
7.27
7.08

6.34
6.98
6.52
6.36

6.57
6.97
7.22
7.56

6.92
7.05
7.72
7.09

6.69
6.86
6.41
6.56

6.83
7.15
7.36
6.56

6.87
7.34
7.74
7.04

6.64
7.87
8.66
8.86

5.84
7.97
8.46
8.71

7.45
7.76
9.00
8.87

6.82
7.91
8.75
9,03

7.30
7.40
7.98
9,45

7.50
7.73
8.83
9.25

7.16
7,70
8.58
8.50

7.95
7.68
8.77
8.72

7.47
7.78
8.90
8.53

9.21
8.07
9.16
8.77

7.29
7.91
8.97
8.98

6.63
6.97
6.70
8.83

6.78
6.75
8.31
8.32

7.67
8.33
9.41
9.04

8.67
8.25
8.66
8.31

8.81
8.35
8.26
8.28

8.74
8.56
8.82
8.39

8.53
7.65
9.29
8.38

8.19
8.49
8.50
8.69

8.82
8.62
8.13
8.28

7.95
8.39
9.29
7.95

8.49
9.14
9.51
9.14

6.11
8.59
8.42
7.63

9.11
9.74
10.44
10.28

8.54
8.79
9.65
8.39

7.05
8.66
8.79
8.44

8.25
8.73
8.19
8.33

9.13
8.81
9.32
9.16

1969 Feb
May
Aug
Nov.

. ..

1970 -Feb

May

Aug.
Nov

Loans of $10, 000- $99, 000

Loans of $100>000=$499,OQO

1967 Feb
May
Aug. ...
Nov.

6.71
6.48
6.33
6.54

6.42
6.11
6.22
5.84

6,89
6.47
6.41
6.78

6.74
6.47
6.01
6.58

6.61
6.17
6.36
6.73

6.54
6.58
6.32
6.52

6.84
7.07
7.19
6.58

6.11
6.19
6.31
6,34

6.05
6.05
7.05
5.94

6.08
6.04
6.07
6.35

6.30
6.16
6.20
6.34

5.80
6.14
6.10
6.57

5,99
6.53
5.98
6.47

6.08
6.36
6.54
6.81

1968

6.82
7.14
7.41
7.09

6.39
6.71
6.96
6.68

6.94
7.47
7.84
7.24

6.82
6.99
7.41
7.05

6.78
6.71
6.86
7.26

6.88
7.23
7.25
7.04

7.01
7.30
7.46
7.43

6.56
7.01
7.20
6.93

6.20
7.02
7.25
6.87

6.39
6.97
7.43
6.93

6.78
7.04
7.09
6.96

6.58
6.78
6.69
7.24

6.77
6.95
7.21
7.83

6.65
7.25
7.14
7.02

Aug
Nov.

7.51
8.09
8.93
9.07

6.94
7.69
8.60
8.54

7.70
8.62
9.33
8.94

7.49
8.12
9.18
9.32

6.85
7.33
8.05
9.04

7.60
7.76
8.65
9.26

8.12
8.08
8.60
9.21

7.39
7.95
8.68
8.71

7.61
7.97
8.69
8.72

7.40
7.89
8.94
8,63

7.14
8.01
8.64
8.83

7.52
7.60
7.92
8.46

7.32
7.95
8.49
8.88

7.79
8.07
8.97
8.24

1970 Feb.
May
Aug.
Nov

9.20
8.92
8.94
8.66

8.43
8.73
7.82
8.46

9.57
9.31
9.25
8.62

9.68
8.80
9.28
8.65

7.92
8.92
8.44
8.90

8.82
8.71
8.96
8.75

9.48
8.70
8.83
8.78

8.93
8.60
8.74
8.29

8.84
8.48
7.61
7.85

8.76
8.67
9.29
8.10

9.21
8.52
9.35
8.47

8.01
8.04
8.57
8.76

9.07
8.90
8.54
8.57

8.94
8.56
8.31
8.32

Feb
May
Aug.
Nov

1969 Feb
May

Loans of $1,000,000 and over

Loans of $500,000- $999,000


1967 Feb..
May
Aug
Nov

6.22
5.93
5.88
6.17

6.10
5.60
5.72
6.17

6.07
5.8!
5.96
6.25

6.17
5.80
5.71
5.83

6.00
6.00
6.83

6.65
6.56
6.18
6.66

1968 -Feb
May
Aug
Nov.

6.37
6.77
7.02
6.92

5.96
7.43
7.09
6.68

6.30
6.40
7.27
7.06

6.63
6.58
6.69
6.79

6.00
6.87
6.76
7.24

6.46
6.62
7.18
7.28

7.49
7.81
8.73
9.02

7.54
8.08
8.77
8.54

7.49
7.77
8.64
9.42

7.51
7.64
8.90
9.08

6.95
8.00
7.79
7.25

8.64
8.44
8.72
7.97

8.31
8.59
8.70
7.58

8.54
8.52
8.90
8.67

8.54
8.01
8.99
7.66

6.58
8.92
9.55
7.78

, .

1969 Feb
May
Aug.
Nov
1970Feb.
May
Aug. . . ,
Nov.

...

Digitized for FRASER


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

713

6.39
6.50
"6!49"'

5.69
5.94
5.80
5.90

5.37
5.80
5.71
5.86

6.10
6.42
5.98
5.94

6.01
5.87
5.71
5.88

5.75
6.86

5.67
6.05
6.05
5.89

6.11
6.01
6.15
6.17

6.57
7.16
7.21
6.83

6.28
6.65
6.97
6.74

6.01
6.75
6.60
6.90

6.50
6.73
7.08
6.90

6.61
6.12
7.24
6.28

5.75
6.21
7.00
6.50

6.69
7.23
8.14
6.86

6.00
7.00
6.88
6.73

7.34
7.91
8.90
9.45

7.70
7.48
8.01
8.50

6.35
7.85
8.63
8.86

5.60
7.97
8.42
8.72

7.39
7.62
9.05
8.82

6.59
7.93
8.71
9.05

7.47
6.98
8.17
9.14

7.60
7.62
8.96
9.34

6.86
7.62
8.57
8.50

9.67
8.42
8.50
8.39

8.80
9.75
7.07
7.53

8.59
8.12
8.62
8.33

8.84
8.32
8.28
8.35

8.67
8.43
8.60
8.35

8.32
7.34
9.33
8.47

9.29
8.59
8.00
8.91

8.54
8.55
7.81
8.09

7.49
8.14
9.85
7.86

MONEY RATES AND SECURITIES MARKETS


12.10

COMMERCIAL PAPER AND BANKERS ACCEPTANCES OUTSTANDING, 1941-52


[In millions of dollars]
Dollar acceptances
Based on

Held by

Commercial
paper

End of month

Accepting banks

F.R. Banks

Total
Others

1941 Jan
Feb
Mar

May
June
July
Aug. ,
Sept
Oct..
Nov
Dec

1942 Jan
Feb
Mar

..

May...,
June
July
AUK
Sept.. ,,.......
Oct. , . ....
Nov
Dee

1943 Jan
Feb
Mar.
Apr, ,
May
June
July

Sept
Oct
Nov. ... ......
Dec
1944 ^jan
Feb
Mar
Apr
June
Jutv

AUK

Sept
Oct
Nov
Dec

1945- Jan
Feb
Mar
Apr
May
June
July
AUK .
Sept
Oct
Nov
Dec
1946 Jan
Feb
Mar
Apr
May
June
July
AUK .
Sept
Oct
Nov
Dec

Digitized for FRASER


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

......

......
.....

..

Total

Own
bills

Bills
bought

232
241
263
275 1
295
299
330
354
371
378
387
375

213
212
217
220
215
213
210
197
177
185
194
194

168
164
170
170
164
161
161
148
131
138
144
146

103
99
107
105
105
101
106
100
85
90
93
92

65
65
63
66
60
59
55
47
46
47
51
54

381
388
384
373
354
315
305
297
282
271
261
230

197
190
183
177
174
163
156
139
123
119
116
118

154
144
146
139
133
122
119
108
97
94
90
93

103
92
89
86
82
78
77
71
64
63
61
6Q

52
53
57
53
51
44
42
37
33
31
29
34

220
209
201
179
160
143
150
156
170
188
203
202

120
127
130
128
136
140
139
130
117
115
111
117

95
102
101
99
105
102
102
94
84
88
88
90

60
64
62
61
65
62
64
59
50
48
53
52

35
38
39
38
40
40
38
36
33
39
35
38

209
214
195
172
151
137
143
141
141
142
167
166

120
135
129
126
113
112
110
110
111
115
115
129

94
106
100
96
90
87
88
82
85
85
84
93

55
57
52
51
49
44
46
44
42
40
44
44 i

38
49
48
45
41
43
41
38
43
45
40
50

162
157
147
119
103
101
107
110
111
127
156
159

130
126
128
117
104
107
117
128
135
135
145
154

98
97
96
90
82
80
90
101
104
100
107
112

48
52
54
52
51
44
45
50
52
53
58
64

50
46
42
38
32
36
45
50
52
46
49
48

174
178
172
149
126
121
131
142
148
202
227
228

166
167
163
169
177
192
205
207
200
204
208
227

126
128
119
109
108
109
118
140
151
154
155
169

71

55
53
55
44
42
45
51
72
82
82
82
94

8
65
66
65
67
68
68
71
73
74

Foreign
eorres pondents

Own
account

i
......

j!

....
........

2
13
13
18
34

'i

714

45
48
47
49
51
52
49
50
46
47
50
49

115
119
120
126
125
123
121
114
105
109
116
116

43
46
37
38
41
41
38
31
26
25
26
25

116
112
103
9? :'
101
94
92 :
78
66 j
60
57
5,7

4
6
7

i
i
,

i
1
'

16
18
24 :
25
24 |
24
22
21
13
12
14
15 \

United
States

11
7
8
7 ,
3
3
3
3 i
4
4
5
4

Foreign
countries

44
42
41
3H
4;:.
43
47
4*t
45
48
4fc
4S

17
3
51
2
44
18
2
45
17 i)
1
48
17
1
43
16
52
13
.....
45
8 :
41
8
41
6 ; ... .....
40
6 . .. . . . .
g j
39
38
9 '1 . ......
.

29
31
38
36
36
33
27
23
27
27
29
30
29
24
25
23
28
26
30
32
35

71
81
79
77
71
74
72
75
78
79 i
74
86

12 ... ..... i
12
12 ... .....
12 ... .....
10 ... . . . . .
....
11
...
12
10 ... ..... i
..,.,"
11 I
. .'
13
14 i . .
.
. . ::
14

32
29
32
26
22
27
26
28
31
35
38
42

86
87 i
81
72
74
81
91 I
98
95 '
100
103

13 ' . . . . .
25
24
12 i... ..... i
25
It -... .....'
24
10 "... ....
9
. ,. .
22
10 ... .....!
20
22
9 . . ......
.
25
10
...
11 ... . ...I 23
22
12 ]
23
15 ... .....
26
18 . .......

40
39
42
47
55
64
54
54
47
46
47
52

109
109
104
114
124
134 i
146
152
150
154
152 i
162 1

29
20 i i . , . .....
31
18 |
17
.....
33
30
16 ... ..... i
.....
28
18
22 ... .....:
27
26
24 !> . .... . . . 'i
22 ... . . . . . ]
26
23
20 ...
I
23
18
1
26
23
29
29

1
i:
I
|
'i

87

12
14
12
9
8
10
12
10
7
9
11
11

:
'
38
i... ,
41
1 . ...,,!
39
I! . . ,
3$
| . , .......
.
37
'!... . . . . .
36
... . . . . . '
35
| . .....
!
33
i
.
.
.
!
30
. . .....
.
. . . . 'I
2*1
. ....
31
.. . .
30

57
60
69
71
79
82
81
77
69
67
59
66

li29

ii

Imports j Exports D ollar


into ' from ! exUnited United ch ange
States States

Goads stored in
or shipped between points in >
-

29
32
31
30
28
24
24
22
19
21
24
25

26
26
25
23
22
20
16
11
9

n
12
n
n

13
16
14
13
4
11
11
10
12

11
12
12
10
11
12
12
10
11
11
10
9
9

9
8
7
7
4
3
2
3
3
2
4
3
5
4
4
2
2

1
6
6

8
9
8
9
7
H
9

?8
6
7

MONEY RATES AND SECURITIES MARKETS


12.10

COMMERCIAL PAPER AND BANKERS ACCEPTANCES OUTSTANDING, 1941-52 Continued


[In millions of dollars]
Dollar acceptances
Based on

Held by
Commercial
paper

End of month

Goods stored in
or shipped between points in-

F.R. Banks

Accepting banks
Total

Others

Own
Total

bills

Bills
bought

52
49
49
53
52
45
34
-44
44
52
54
62

172
164
158
140
118
111
115
133
140
144
147
159

35
35
36
42
45
46
45
47
42
54 I
61
63

103
94
92
80
90
81
67
62
55
58
70
76

4
5
4
3
3
3
2
1
1
2
2
3

70
74
75
88
91
108
100
98
93
94
97
109

168
168
151
143
155
155
151
143
136
140
152
164

53
43
48
54
57
56
47
40
37
42
48
57

66
65
58
59
58
54
57
53
54
57
60
58

70
49
40
28
27
33
33
32
40
47
58
70

3
4
5
6
5
5
3
3
4
4
8
11

123
111
112
110
105
106
101
101
109
107
125
133

156
134
127
119
118
121
117
117
133
140
173
184

57
51
51
46
44
47
44
37
37
39
44
49

134
120
100
93
93
126
155
174
187
168
166
192

67
69
63
62
59
82
87
103
103
100
104
114

68
51
37
31
34
44
68
71
84
68
62
78

9
8
8
6
5
6
8
16
24
24
24
21

137
128
137
138
133
148
173
184
187
191
193
180

190
175
165
157
142
170
211
238
264
243
234
245

49
45
45
47
58
66
80
87
79
85
88
87

453
470
479
456
417
425
380
384
375
398
437
490

202
201
198
170
143
162
135
122
118
131
154
197

126
121
122
119
108
120
103
94
85
87
96
119

76
79
76
52
35
42
33
28
33
44
58
79

27
32
31
32
30
28
25
24
22
17
18
21

224
238
247
253
244
235
220
239
234
250
265
272

286
304
314
288
259
267
225
218
210
226
227
235

100
99
106
111
102
104
104
109
104
106
116
133

492
493
458
422
430
416
450
454
454
449
478
492

193
188
177
150
155
148
171
169
166
155
172
183

127
121
120
110
121
108
122
113
106
103
114
126

66
67
57
40
34
40
49
56
61
52
58
57

13
10
8
8
8
8
9
9
13
16
17
20

287
295
274
264
267
260
270
276
275
278
289
289

235
234
228
211
197
195
200
212
232
237
233
232

135
135
138
135
136
126
126
119
108
114
123
125

236
243
266
256
250
234
244
244
242
283
287
287

241
230
228 .
215
189
183
187
206
219
237
245
261

183
171
170
154
130
132
148
158
168
180
188
197

85
76
75
71
67
69
75
71
83
83
76
88

98
95
95
83
63
63
74
87
85
97
112
109

Jan
Feb
Mar. . .
Apr .

290
301
311
275
254
270
284
309
305
285
287
269

262
253
241
242
256
253
235
221
214
221
239
259

188
174
162
151
161
142
134
122
120
125
141
146

85
79
70
71
71
61
67
60
65
67
71
71

268
268
257
249
219
199
211
230
265
278
278
257

262
228
215
204
195
198
194
189
207
215
251
272

137
114
98
88
84
87
90
85
94
104
118
128

1950Jan
Feb
Mar.. .
Aipr .
May
Jv ne .
July. . .
Ana . .
Sept
Oct
Nov.. .
Dec . ,

258
257
258
257
250
240
259
286
308
312
325
333

280
256
245
237
231
279
335
374
397
383
383
394

1951

Jan
Feb
Mar. . .
Apr. . .
May
June
July
Aug. . .
Sent.
Oct
Nov
Dec

356
369
381
387
364
331
336
368
377
410
435
434

1952 Jan
Feb. . ,
Mar
A.pr
May
June . .
July.. .

480
517
534
544
510
495
539
550
565
591
575
539

1948

Mny ...
June
July
Aug . ,
Sept
Oct

Nov
Dec

1949

Jan....

Feb. . . .
Mir
May . .
June
July
Aug. . .
Sept
Oct
Nov. .
Dec

...

A.UE

Sept
Oct
Nov
Dec

4
2

Note.Data for 1948-63 are shown on a revised basis in Table 12.11.

Digitized for FRASER


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

Imports Exports
from
into
United United
States
States

7
10
8
8
7
6
5
4
3
3
3
2

Jan
Feb . . .
Mar
Apr.. . .
May
June . . .
Julv
Auz
Sect.
Oct
Nov. . .
Dec

1947

Own
account

Foreign
correspondents

715

2"

Dollar
exchange
United
States

Foreign
countries

27
24
27
25
21
20
21
20
24
23
25
25

8
7
7
8
5
6
7
6
11
10
9
11

27
24
23
19
19
19
19
20
20
20
24
25

13
17
17
22
21
20
18
17
20
17
15
12

25
23
22
20
17
17
19
18
21
23
25
30

13
14
14
17
12
13
13
16
14
12
9
9

32
25
23
18
15
21.
22
26
29
29
29
28

9
11
12
15
17
21
22
21
23
25
29
32

6
3
4
5
23

36
36
30
24
22
22
24
25
27
27
46
55

29
29
26
31
33
31
27
26
31
35
43
44

23
27
6
6
37
45
73
74
60
30
29
39

52
46
36
22
17
15
17
20
24
40
62
64

48
51
51
48
43
36
34
30
31
28
31
32

2
4
3
3
2
2
4
3
2
1
T

i
11
6
2
2
2

1
1
1

1
1
1
2
t

i
1

MONEY RATES AND SECURITIES MARKETS


12.11 COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS ACCEPTANCES OUTSTANDING, 1948-70
[In millions of dollars]
Dollar acceptances
Comm<ircial and finance
CO npany paper
Based on

Held by-

Total

Placed Placed
through directly
dealers (finance
paper)

Goods stored in
or shipped between points in-

F.R. Banks

Accepting banks

End of
period

Imports Exports Dollar


exfrom
into
United United change
States
States

Total
Others
Total

Own
bills

Bills
bought

Foreign
correspondents

Own
account

United
States

Forcigi
countries

674
838

277
270

397
568

259
272

146
128

71
58

76
70

3
11 ,

109
133

164
184

57
49

25
30

12
<>

921
1,333
1,749

345
449
552

576
884
1,197

394
490
492

192
197
183

114
119
126

78
79
57

21
21
20

180
272
289

245
235
232

87
133
125

2
23
39

28
55
t>4

32
44
32

1,835
1953 Jan
1,881
Feb
1,914
Mar
1,907
Apr
May, . . . 1,873
June. . . . 1,762
1,831
July
1,867
Aug
1,993
Sept
2,155
Get
2,198
Nov
Dec
1,973

519
523
518
477
454
417
440
463
487
548
595
564

1,316
1,358
1,396
1,430
1,419
1,345
1,391
1,404
1,506
1,607
1,603
1,409

487
490
468
455
417
428
435
478
515
517
534
574

159
158
149
115
111
123
131
148
159
160
170
172

111
110
105
78
85
92
108
108
122
125
117

48
48
44
36
26
30
23
40
49
38
45
55

22
28
29
32
29
30
25
25
26
23
20
24

306
304
289
309
277
276
279
304
329
334
344
378

225
234
237
229
198
214
213
211
237
227
246
274

120
114
110
115
111
112
115
128
135
145
139
154

43
57
39
43
37
35
40
64
66
56
49
29

65
53 :
49
37
39
32
32
36
40
56
59
75

34
32
32
31
32
35
35
38
38
34
41
43

2,162
1954 Jan
2,317
Feb
2,301
Mar
2,222
Apr
May. . . .2,176
June. . . . 2,159
2,217
July
2,237
Aug
2,201
Sept
2,056
Oct
2,041
Nov
1,933
Dec

635
716
735
694
641
679
747
794
803
762
769
733

1,527
1,601
1,566
1,528
1,535
1,480
1,470
1,443
1,398
1,294
1,272
1,200

586
545
580
623
616
589
589
563
609
687
768
873

195
185
198
228
227
220
205
198
259
271
313
289

144
149
149
165
171
164
164
155
178
217
241
203

51
36
50
63
56
56
41
43
81
55
71
86

17
10
13
17
14
14
9
5
6
14
19

373
350
369
379
374
355
376
360
344
402
437
565

266
238
247
270
277
246
225
205
207
207
248
285

157
151
139
142
143
143
136
134
139
148
164
182

45
44
47
38
36
60
92
75
85
72
42
17

2,073
1955 Jan
2,196
Feb
2,202
Mar
Apr
2,179
May. . . . 2,346
June, . . .2,311
2,420
July
2,369
Aug
2,269
Sept
2,280
Oet
2,313
Nov
2,035
Dec

713
703
681
622
572
572
593
580
564
547
542
510

1,360
1,493
1,521
1,557
1,774
1,739
1,827
1,789
1,705
1,733
1,771
1,525

869
831
807
767
686
655
650
655
671
662
642
642

282
242
236
206
192
182
184
186
190
189
187
175

206
182
187
164
143
138
144
142 i
147
144
134
126

77
61
49
42
49
44
40
44
43
45
52
49

564
561
538
517
453
431
433
427
433
430 t
410
405

273
235
227
229
207
216
223
220
253
258
259
252

187
178
182
189
188
189
186
182
189
201
205
210

1956Jan . .. 2,385
2,658
Keb
2,584
Mar
2,552
Apr
May. . . 2,641
June. . . 2,465
July, .. 2,649
Aug.. , . 2,566
Sept.. .. 2,515
Oet. . . . 2,639
Nov.. .. 2,679
Dec. . . . 2,183

573
588
560
508
515
476
509
548
549
573
568
506

1,812
2,070
2,024
2,044
2,126
1,989
2,140
2,018
1,966
2,066
2,111
1,677

624
667
660
628
643
684
723
772
805
843
924
967

169
184
170
146
157
180
175
189
209
203
242
227

124
135
130
108
113
109
120
127
135
167
155

44
49
40
39
44
71
64
70
82

406
431
436
427
424
441
483
510
529
567
598
621

237
263
263
235
245
264
270
271
294
211
277
261

220
234
236
240
252
251
237
259
258
281
295
329

1957__jan . . .2,620
2,763
Feb
2,696
Mar
Apr
2,540
May. . . . 2,785
June, , . . 2,463
July
2,791
2,846
Aug
Sept
2,568
2,663
Oct
Nov
2,953
Dec
2,672

548
555
489
466
483
454
459
501
501
516
560
551

2,072
2,208
2,207
2,074
2,302
2,009
2,332
2,345
2,067
2,147
2,393
2,121

1,012
992
1,019
1,018
984
979
1,000
1,227
,197
,225
,224
,307

230
202
209
195
188
183
154
220
214
197
221
287

156
133
150
135
142
142
112
152
149
131
151
194

6B9
708
728
735
713
711
757
913
901
942
916

291
307
305
272
227
220
231
243
234
248
268
278 |

363 i
389
425
471
501
502
507
524
483 i
465
459
456

3,354
3,639
3,496
3,669
. 3,720
. 3,384

654
776
862
919
946
965

2,700
2,863
2,634
2,750
2,774
2,419

,422
,523
,529
,479
,441
,352

416
497
422
459
474
396

307
372
318
350 I
372
292

273
261
263
278
296
282

461
447
432
416
396
375

1948
1949
1950
1951...
1952...

1958 Jan
Feb
Mar
Apr
May, . .
June. . .

Digitized for FRASER


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

no

fs

72

3
59
60
46
41
42
68
65
66
70
94

109
125
104
109 !,
102
104

716

::::::::

:
4
17
14
16

28
29
28
26
26

i!

i?27

21
16
17

28

18
14
14
13
16
18
18 i
22
17 1
20
33
69
30
24
23
24
21
23 i
19
27
16
16
20
66
41
43
39
37
42
45

26
27
33
32
37

1145
45
48
51
49
53
52
50
62
58
58
64
63
62
70
68
66
69
67
76

127
139
132
131
119
113 \

878

838
843
936
852
806
798

73
71
107
127
HS
96
91
101
130
205
247
300

46
41
39
46
45
43
46
47
48
55
66
89

17
41
56
68
53
40
41 !
41
33
33
20
17

303
283
248
190
150
125
108
111
108
82
73
63

90
93
93
92
88
85
92
101
87
87
86
100

11
20
18
10
9
9
13
21
17
19
10
2

46
43
49
43
33
34
74
97
113
133
199
227

110
106
94
100
104
125
129
124
123
133
143
148

197
127
116
89
73
58
59
2)2
225
226
222
296

158
167
171
182
177
178
169
182
181
192
211
232

386
480
471
416
371
325

237
224
224
239
247
248

}
21
35
66
75
94
64
46
65

no

139
131
130
121

MONEY RATES AND SECURITIES MARKETS


12.11

COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS ACCEPTANCES OUTSTANDING,


1948-70Continued
[In millions of dollars]
Dollar acceptances

Commercial and finance


company paper

Held by-

F.R. Banks

Accepting banks

End of
month

Placed
Placed
through direclly
dealers (finance
paper)

Total

Based on

Total

Total

Own
bills

Bills
bought

Own
account

Foreign
correspondents

Others

Imports Exports
from
into
United United
States
States

Dollar
exchange

Goods stored in
Or shipped between points in-

United
States

Foreign
countries

958July
Aug
Sept
Oct.
Nov
Dec

3,639
3,3$3
3,158
3,307
i 3,203
i 2,739

966
981
958
961
940
840

2,673
2,402
2,200
2,346
J2.263
'1,899

,353
,363
,281
,255
,209
,194

426
416
385
347
290
302

328
340
319
273
234
238

98
75
65
73
55
64

34
33
28
36
34
49

108
91
75
71
75
68

785
824
792
802
810
775

269
256
236
246
251
254

380
385
355
354
348
349

141
131
136
117
94
83

313
337
319
296
265
244

251
254
235
242
251
263

958 Nov
Dec

i 3,213
2,751

940
840

'2,273
'1,911

1,209
,194

290
302

234
238

55
64

34
49

75
68

810
775

251
254

348
349

94
83

265
244

251
263

3,085
3,331
3,279
3,348
3,570
3,418
3,569
3,663

875
897
883
822
791
729
759
2 795

2,210
2,434
2,396
2,526
2,779
2,689
2,810
2,868

,133
,161
,054
,029
,038
983
957
946

276
309
271
269
242
213
198
169

226
232
227
208
193
175
160
127

51
77
44
60
49
38
38
42

40
39
30
30
28
26
25
21

60
62
60
56
79
76
74
72

756
751
692
673
689
668
661
685

251
275
278
292
286
256
259
287

346
339
329
348
350
327
334
322

118
112
111
78
103
111
85
56

168
183
82
48
43
33
26
29

250
252
253
263
256
256
253
251

2 3,762
3,448
3,9U
3,778
3,202

2894
858
859
864
677

2,868
2,590
3,055
2,914
2,525

946
954
945
1,029
1,151

169
205
182
232
319

127
158
145
187
282

42
47
36
44
36

21
20
28
34
75

72
67
62
71
82

685
662
673
693
675

287
316
304
355
357

322
301
290
283
309

56
45
36
46
74

29
46
81
119
162

251
246
234
226
249

I960 Jan. , .
Feb. . . .
Mar
Apr
May....
June. . . .
July . . . .
Aug
Sept
Oct. .
Nov
Dec

4,032
4,226
4,495
4,450
4,719
4,627
4,827
5,105
4,728
5,262
5,304
4,497

757
810
906
,003
,023
,115
,213
,365
,361
,493
,505
,358

3,275
3,416
3,589
3,447
3,696
3,512
3,614
3,740
3,367
3,769
3,799
3,139

,229
,240
,366
,336
,263
,382
,561
,656
,668
,753
,868
2,027

230
218
250
320
310
311
404
424
392
501
628
662

193
170
178
247
237
229
299
316
284
356
454
490

36
48
72
73
74
82
104
108
108
145
175
173

42
35
33
30
29
30
29
33
42
39
48
74

124
119
153
167
161
182
180
204
204
196
227
230

833
868
929
819
763
859
948
996
,031
,017
965
,060

341
350
364
373
352
375
400
407
409
405
401
403

337
336
413
461
474
501
545
594
632
633
647
669

149
193
201
128
87
94
166
179
123
139
146
122

158
131
144
109
65
91
76
83
107
157
229
308

245
229
244
266
286
321
373
393
398
419
445
524

1961 Jan., ..
Feb
Mar
Apr
May....
June
July
Aug
Sept
Oct. . . .
Nov
Dec

5,091
5,045
5,078
5,090
4,936
4,936
4,991
4,946
4,875
5,119
5,349
4,686

,465
,479
,525
,532
,478
,460
,534
,617
,730
,818
,868
,711

3,626
3,566
3,553
3,558
3,458
3,476
3,457
3,329
3,145
3,301
3,481
2,975

2,029
2,049
2,231
2,254
2,203
2,271
2,301
2,400
2,422
2,491
2,555
2,683

725
730
842
858
808
913
915
970
946
,035
,122
,272

514
554
641
661
645
697
727
753
740
829
871
896

210
176
202
197
163
216
188
217
207
206
251
376

46
46
46
45
37
36
32
34
35
38
43
51

197
179
173
151
166
156
144
137
123
117
110
126

,061
,093
,169
,200
,192
,166
,210
,259
,318
,301
,280
,234

400
388
408
397
379
395
415
429
452
457
461
485

677
702
821
863
864
896
926
964
964
949
939
969

118
104
110
93
74
70
45
49
59
91
98
1!7

299
291
269
268
235
207
186
192
191
225
287
293

535
563
623
633
651
703
729
765
757
769
770
819

1962

5,558
5,521

5,715

.:

3,796
3,759
3,839
3,758
4,050
3,987
4,168
4,457
4,349
4,569
4,590
3,912
4,724
4.82S
4,841
5.192
5.478
5,204
5.485
5.767
5.088
5.662
6.023
4 Xfi2

2,621
2,559
2,498
2,392
2,345
2,342
2,306
2,277
2,281
2,367
2,476
2,650

,163
,093
,072
981
949
965
,009
937
952
,025
,086
,153

804
788
774
763
733
731
736
721
748
824
841
865

359
305
298
218
216
234
273
216
204
201
245
288

45
44
42
36
33
60
43
35
36
34
38
110

120
113
100
94
112
85
80
71
68
69
88
86

,294
,309
,284
,281
,251
,232
,175
,234
,225
,239
,264
,301

477
472
474
479
462
473
485
488
520
502
525
541

946
915
889
826
787
751
705
667
674
679
719
778

74
106
86
74
96
145
143
138
144
160
173
186

271
223
182
158
145
117
93
72
73
110
145
171

853
844
867
855
855
857
881
912
870
917
914
974

2,593
2,565
2,589
2,658
2,696
2,697
2,712
2,644
2,709
2,733
2,744
2,890

,153
,141
,167
,251
,148
,227
,202 J74
,127
,093
,190
1,291

849
840
886
977
923
953
990
938
946
911
976
1,031

304
301
280
274
225
274
213
236
181
181
214
260

72
54
52
44
42
43
39
38
34
58
42
162

84
84
83
83
83
83
85
89
104
105
102
92

,284
,285
,288
,280
,422
,344
,386
,343
,443
,477
,410
,345

538
542
554
523
525
536
555
556
564
563
571
567

730
703
730
750
808
807
791
772
775
807
842
908

149
159
142
146
149
130
128
105
97

180
148
122
108
72
66
64
53
47
46
46
41

996
,013
,041
,130
,142
,158
,174
,159
,226
,229
,230
,317

959 Jan.
Feb.
Mar
Apr
May
June. . . .
July . . . .
2
Aug
Aug
Sept
Oct.
Nov
Dec

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

5,641
5,919
5,865
6,170
6,576
6,577
6,986
7,091
6,000

,762
,762
,876
,883
,869
,878
2,002
2,119
2,228
2,417
2,501
2,088

1963 Jan
Feb
Mar
Apr
May....
June. . . .
July
Aug
Sept
Oct
Nov
Dec

6.815
7.021
7,101
7,396
7,562
7.253
7.544
7,829
7.186
7.892
8.19S
6.790

2,091
2,193
2,260
2,204
2,084
2,049
2,059
2,062
2,098
2,230
2,172
1,928

1
Before November 1958 only a small amount of finance company paper
with an original maturity of over 270 days was included with finance company
paper reported; thereafter complete totals are included.

Digitized for FRASER


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

56

2
Beginning with August 1959 data are not fully comparable with earlier
figures because of expanded dealer coverage.

717

MONEY RATES AND SECURITIES MARKETS


12.11

COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS ACCEPTANCES OUTSTANDING,


1948-70Continued
[In millions of dollars!
Commercial and finance
company paper

Total

Tom I

Bank
related

1964Jan
Feb.....
Mar. . . .
Apr. . . .
May . , .
June , .
July... .
AUK.
Sept. , . .
Get
Nov.. . .
Dec. . . .

Held by-

Placed
directly

Placed through
dealers

End of
period

Dollar acceptances

Other

7,819
8,166
7,790
7,969
8,385
8,096
8,942
8 939
8,528
9,422
9,214
8,442

9,022
1965- Jan
9,137
Feb
Mar. . . . 9,177
Apr. , . . 9,645
May . . . 10,060
June. . . 9,502
J u l y . . . . 10,571
Aug. . . . 10,503
Sept., . . 9,863
10,749
Get
Nov.. . . 10,619
9 300
Dec
10,259
1966 -Jan
Feb..... 10,657
M a r . . . . 11,034
Apr. , , . 11,521
May. . . 11,713
June. . . 11,091
12,527
July.
A u g . . . . 13,180
Sept. . . . 12,123
13,408
Get
14,520
Nov.
Dec. . , . 13,645

Bank
related

Other *

5,777
2.938
6,087 : 3,056
5,752 ' 3,102
5,930
3,102
6,412
3 , 049
6,148
3.149
6,936
3.137
6,869
3,127
6,308 ' 3.174
6,991
3,222
6,776
3,217
6 219
3.385

,393
,466
,395
,355
,418
, 370
.455
.486
,423
,400
.458
,671

,025
,1)95
.041
, 060
,105
,113
,121
.145
,127
,164
,195
,301

368
371
353
295
313
257
334
341
296
236
263
370

68
64
125
93
47
83
56
36
99
81
63
94

2,143
2.239
2.070
2,047
1 976
1 ,965
2,046
2 117 . .
2,194
2,250
2,205
1 903

6,879
6,898
7,107
7,598
8,084
7,537
8,525
8 , 386
7,669
8,499
8,414
7,397

3,276
3,232
3.32S
3,384
3 467
3.3S5
3,337
3 , 299
3,314
3,310
3 , 245
3,392

,535
,439
,297
,394
,452
,443
,357
,321
,311
,264
.188
,223

,308
,247
, t 38
,171
.187
,127
,094
, 078
,114
099
,051
, 094

227
193
159
223
264
316
263
243
198
165
136
129

115
71
143
104
82
53
35
55
63
86

8,425
8.829
8,968
9,268
9 , 600
9,001
10,166
10 527
9,350
1 0 , 43 1
11,367
10,556

3 333
3 3H
3 , 388
3 , 464
3,418
3,420
3 , 369
3 3X6
3.370
3 3S9
3,457
3 , 604

,206
,294
,266
,284
,269
,061
,005
909
935
961
,056
,198

1 09
,171
,037
, 060
,034
927
912
824
846
861 !
895
983

122

1 , S36
I , *138 :
1 . 550
1 , 89
1 , 473 '
i 1 , >25
1 , SI 4
I , *70 :
: 1 , ^198 i

962
983
990
963
941
929
949
922
918
935
955
999

,418
,476
, 523
552
S32
, 654
,612
.619
, 648
, 639
, 605
,719

no
is?

122
118
134
1 39
160
1 57
151
1 45
152
I 56
146
144

1 , >04 i
I . 604
1 , 751
1 , 747 '
:i
I /?74 j,
1 , '702
I /794 !
; 1 , 779
'
' I /787
1 , W4
1. *02
U7

662
660
725
744
761
736
782
797
820
842
802
792

956
916
924
936
965
960
949
933
942
919
91?
974

,658
, 656
,676
, 705
,741
,658
, 606
, 570
, 553
, 549
52 S
,626

97
111
229
224
235
134
93
84
89
100
161
215

110
122
126
159
ISO
238
51
48
47
72
131
193

1 34
I 35
1 29
137
1 59
252
257
2*?">
243
231)
203
191

1 , ^3
1 , 762
1 , S67
1 , S84
1 . 31 0
1 , ^69
2 , )56
*5 58
2*! 45
2, W6
2,1)67
2, )22

752
738
775
829
834
881
911
946
95?
982
995
997

933
921)
887
875
84?
833
790
781
760
756
781
829

, 647
, 656
,726
.760
,737
,706
, 668
. 659
,653
,621
,681
,778

829
851
921
971
998
1,007
1,040
989
991
956
975
989

,83?
, 806
,821
,88?
2,01?
2,122
2,102
2 095
2,117
2,1)95
2,148
2,241

.013
,029
,032
,025
,007
944
917
932
945
921
922
952

2,245
2,147
2,179
2.176
2.086
2,004
2,023
2,051
1 ,962
2,020
1 ,992
2 , 053

906
859
872
875
910
;
967
' ,006
",084
1 .063
:
! ,061
I ,063
, 1 53
1

2,059
2,112
2,133
,112
, 1 66
,240
,206
,271
, 289
^8"*
' 299
,408

117
146
1 46
1 37
1 32
1 27
1 26
125

'

:
.,

1 1 , 670
3,601
11,859
3,575
12,133
3,704
1 2 , 344
3 , 830
12,781 ; 3 , 964
i 11,673 1 4 , 1 3 1
12,538
4,116
12,302
4,103
11 ,630
4,146
12,114
4,136
4,218
12,564
4,317
12,184

,359
,266
,366
,356
, 339
,361
,549
,584
,635
,S22
,877
,906

,028
, 004
,077
,!28
,147
,191
,2^2
J95
,239
.298
,376
,447

331
262
290
229
192
170
297
389
396
S24
501
459

73
113
110
166
70
136
78
65
156
54
59
164

173
201
232
272
348
379
324

1968-=Jun
Feb
Mar....
Apr. . , .
May. , .
June. . ,
July....
Aug. . . .
Sept. . , .
Get
Nov. . . .
Dec. . . .

18,371
18,482
19,127
18,204
19,126
19 511
20,457
21,429
20,976
21,575
22,984
21,173

5,216
5,493
5,832
5.930
5,761
5 822
6,270
7.091
7,737
7 , 592
7,758
7,201

13,155
4,312
1 2 , 989
4,266
13,295
4,336
12,274
4 , 430
13,365
4,359
13 689 ! 4,286
14,187
4,330
14,338 i 4,418
4,327
1 3 , 239
4 , 420
13,983
4,389
15,226
4,42H
1 3 , 972

,797
, 808
,884
,778
,624
,677
,751
,819
,714
,551
,605
,544

. 307
, 329
,395
,409
,282
,366
,410
,474
,393
,280
3^2
^344 j

490
479
490
369
342
311
341
344
321
271
2M
200

83
56
90
87
56
134
99
51
86
56
58
58

141
117
1 00
118
132

1969- Jan
Feb
Mar.
Apr. . . .
May . . .
June . . .
July....
Aug. . . ,
Sept. . . ,
Get
Nov. . , .
Dec. . . .

22,6(36
23 712
24 424
25,216
26,150
26,802
29,149
30,320
30,479
32,781
34,584
32,600

14,793 ! 4,370
15,370
4,420
15,421
4,464
1 5 , 1 40
4,510
16,219
4,668
16,000
4,880
17,822
4,991
17,711
5,145
1 6 , 967
5 , 232
18,051
5,256
19,042
5,212
1 7 , 705 j 5,451

,407
,473
,452
,478
,387
,413
,388
.390
,351
,335
,341
,567

,211
,263
,185
,223
,179
,183
,123
,108
,044
,058
,076
,318

195
210
266
2S5
208
230
264
282
307
277
265
249

50
<)!
94
142
76
41
40
62
37
41
49
64

U)4
99
122
125

] 59
362
1 59
5 59
\ 49
146
1 46

,
;

Digitized for FRASER


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

112

128
149
124
119
114
U)9

i83

.
.
,

1, >96 "
I , )95 :
i I )96
ii 2, )35
: 2, 207
2, 255 ,
2, 65
20,3
2 [ 50 !i
2, )%
2, 30
i 2 , )90

936
918
962
9? I
949
,001
974
,020
,037
.085
,095
,086

,055
.091
,125
,229
,267
,338
.390
,435
,420
,479
,476
,423

2, 292
2, 285
2 , 262
! 2, 447
2, H?
: 2. ^64
' 2, 552
2, V9
2, 403
!
2 , 595
: 2, M2
2, ^17

'

j
I
j
1

718

'l
l:

3.449
3,781
4,360
4,356
4 713
4,934
4,976
4,979
S 124
5.186
5,136
4,901

205
163
151
1 56

I , 386
1,'13 i

; I , -Ml

15,119
15,640
16,493
16,700
17,494
16,607
17,514
17,281
16,754
17,300
17,700
17,085

200
324
602
889
949
954
1,088
1,200
1,216

AH
other

557
596
5tsi
587 '
576
567
576 !
586
609 ;
647
657
667

91
95

HO

1967 Jan
Feb
Mar. . . .
Apr. . , ,
May . . .
June. . .
July.,..
Aug. . . .
Sept. . . .
Get
Nov. , . .
Dec. . . .

7,873
8 , 342
9,003
9,876
9 , 607
9,557
643
9,463
975
10,360
1 . 300
10,917
1,641
10,998 | 2 , 644
1 1 , 324
3,018
10,601
3,078

liised on

Actepting ba nks
1
KR. Banks
__.. J.__ ~ . ,- i
.; Im- , Hxi!
Others ' ports
lorts
:
t-'orinto
irom
:
Bills Own | eispi !|
United
United
Total
Own
:
bought " acct. ' corr.
Slates
Suites
bills

2,042
2 , 079
2,038
2,039
I ,973
1,948
2,006
2 070
2,220 '
2 431
2,438
2,223

1 ? 834
1 828
2,066
2,253
2 113
2 090
2 361
. .
2 653
2,773
2 977 . . . . .. .
3,153
3 , 089

'

2, *09
2 , 757
2, 797
2, 765
3.1)22
3 , 26?
3, 402
3 , 535
3 \ 685
3 , 730
3, 676
3 .674

'

'
.

'

'

.405
.449
,460
,523
,591
,673
,779
,7*M
,881)
,913
,850
, 889

i
!
|:
!|!
"
;

i
i
1
i
i
!
,|
'
'
j
'

1
'
I
'

.
:

1
.
i
'

MONEY RATES AND SECURITIES MARKETS


12.11

COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS


1948-70Continued

ACCEPTANCES OUTSTANDING,

[In millions of dollars]


Commercial and finance
company paper
Placed through
dealers

End of
period

Total

1970 Jan
Feb
Mar. . . .
Apr, . . .
May . . .
June . . .
July....
Aug. . . .
Sept. . . .
Oct
Nov. . . .
Dec, . . .

35,413
37,135
38,284
39,177
40 , 906
38,952
38,133
37,767
35,241
35,711
35,323
33,071

Dollar acceptances

Accepting banks

Total
Bank
related

Other 3

,266
,271
,223
,088
,126
,044
986
802
505
520
526
409

10,772
1 1 , 604
12,411
12,647
12,826
11,945
1 1 , 048
11,242
12,013
12,564
12,775
12,262

Bank
related

Other 4

4,262 1 9 , 1 1 3
4,781 19,479
5,254 19,396
5,584 1 19,858
6,474 20,480
6,559 19,404
6,834
19,265
19,222
6,501
4 , 1 1 5 18,610
3,179 1 9 , 448
2,600 19,422
1,940 18,460

5,288
5,249
5,352
5,614
5,801
5,849
5,973
5,979
5,848
6,167
6,267
7,058

Total

Own
bills

,439
,408
,398
,577
,539
,589
,599
,911
,952
2,125
2,368
2,694

,123
,110
,156
,314
,287
,339
,324
,541
,557
,737
1,875
1,960

1
Before November 1958 only a smalt amount of finance company paper with
an original maturity of more than 270 days was included with finance company
paper reported; thereafter complete totals are included.
a Beginning with August 1959 data are not fully comparable with earlier figures because coverage of dealers was expanded.

Digitized for FRASER


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

Based on

Held by-

Placed
directly

719

F.R. Banks

Bills
bought

Own
acct.

Foreign
corr.

316
298
242
263
252
250
275
370
395
388
493
735

83
56
52
106
42
32
37
63
87
73
87
57

147
152
170
194
231
232
239
253
235
238
243
250

Others

3,619
3,632
3,732
3,737
3,989
3,996
4,098
3,752
3,574
3,731
3,569
4,057

Imports
into
United
States

Exports
from
United
States

1,863
1,864
1,891
2,034
2,139
2,190
2,294
2,354
2,396
2,553
2,490
2,601

1,096
1,054
1,113
1,137
1,189
1,162
1,198
1,294
1,285
1,323
1,388
1,561

All
other

2,329
2,331
2,349
2,444
2,472
2,497
2,482
2,331
2,167
2,292
2,390
2,895

;t
As reported by dealers; includes finance company paper as well as other
commercial
paper sold in the open market.
4
As reported by finance companies that place their paper directly with investors.

12.12

BOND YIELDS, BY TYPE OF SECURITY


A. ANNUALLY AND MONTHLY, 1941-70
^Per cent per annum'

State and local


United
States
(longterm)

Period

Total

2.12
2.46
2.47
2.48

2.10
2.36
2.06
1.86

1945... .
1946
1947 . . .
1948.
1949 .

2.37
2.19
2.25
2.44
2.31

1950
1951
1952
1953
1954

Aaa

Aa

2.02
2.18
1.90
1.67

1.54
1.66
1.39
1.16

1.67
1.64
2.01
2.40
2.21

1.50
1.46
1.84
2.33
2.15

2.32
2.57
2.68
2,94
2.55

1.98
2.00
2.19
2.72
2.37

1955
1956
1957
1958
1959........... . ...

2.84
3.08
3.47
3.43
4.07

1960,
1961
1962
1963 ..
1964

4.01
3.90
3.95
4.00
4.15

1965
1966
1967
1968
1969......

Moody's

Stand- .
ard
and
|
Poor's
AAA
j

Moody's

Standard
and
Poor's

Total

Aaa

1.76 1 2.17
1.92
2.33
1.67 i 2.05
1.45
1.85

2.60
2.82
2.49
2.20

S
'
!;
I

1.07
1.10
1.45
.87
.65

1.32
1.65
1 . 27
1.56
1.59 1 1.94
2.01
2.53
1,91 I 2.38

1.95
1.90
2.37
2.90 :;
2.66

2.84 '
2. 85
2.80 i
2.78 '
i
2.61
2.51
2.58
2.80 I
2.65 1

1.94
1.99
2.22
2.82
2,46

.56
.61
.80
2.31
2.04

1.76
2.11
1.79 ] 2.17
2.00 .< 2.37
2.54
3.01
2.17
2.51

2.32
2.38
2.70 !f
3.41
3.09

2.59
2.86
2.84
3.08
2.95
3.19
3.18 i 3.43
2.87 1 3.16

2.62 : 2,69
2.86 k 2.91
2.96
3.04
3.20 ' 3.31
2.90 , 3.06

2.53
2.93
3;60
3.56
3.95

2.57
2.94
3.56
3.36
3.74

2.18
2.51
3.10
2.92
3.35

2.32
2.72
3,33
3,17
3.S5

3.14
3.50 ,.
4.20 1
3.95 I
4.24

3.04
3.25
3.38
3.57
3.91
4.21
3.80 (!i 4.16
4.38 4.65

3.06 S 3.16
3.36
3.45
3.89 j 4.03
3.79 1 3.94
4.38
4.51

3.73
3.46
3.18
3.23
3.22

3.69
3.60
3.30
3.28
3.28

3.26
3.27
3.03
3.06
3.09

3.51
3.75
3.46
3.66
3.17 i 3.32
3.16
3.30
3.19 1 3.32 i

4.22
4.41
4.73
4.01
4.36 i 4.66
3.67 II 4.29
4.62
3 = 58 ij 4.24
4.50
3.54 i 4.37 4.57

4.21
4.66
4.85
5.25
6.10

3.27
3.82
3.98
4.51
5.81

3.34
3.90
3.99
4.48
5.73

3.16
3.67
3.74
4.20
5.45

3.25
3.76
3.86 :
4.31 '
5.58 \

3.57
4.21
4.30 !
4.88 i
6.07 i

1970,,. . . . . . . . . . ...

6.59

6.51

6.42

6.12

6.28 i 6,49

'6.75

1941Jan....
Feb.
Mar
Apr,
May.. . .
June
July... .
Aug.. ....,,
Sept. ...
Oct. . . . . . . . . .
Nuv
Dec, . . . . . . . . .

2.12
2.22
2.12
2.07
2.04
2.01
1.98
2.01
2.02
1.98
2.34
2.47

2.16
2.27
2.28 i
2.20
2.14 ^
2.08
2.03
2.00
1.99
1.91
1.90
2.25

2.05
2.18
2,21
2.15
2.08
2.00
,96
.96
.93
.87
.84
2.01

1.79
1.98
2.01
1.92
.82
.71
.67
.68
,66
.60
.58
.74

,! 2.20
2.33 ;
2.35
' 2.28
1 2.23
! 2.15
2.12
2.12
2.09
2.02
2.00
,
2. 20

2.63
2.75
2.75
2.73
2.67
2.60
2.58
2,58
2.55
2.45
2.40
2.55

1942Jan
Feb.
, .
Mar. . . . .
Apr..
May..
June, . . . . . ....

2,48
2,48
2.46
2.44
2.45
2.43

2.33
2.55
2.58
2.44
2.45
2.38

2.17
2.31
2.35
2.29
2.26
2.20

2.35
2.4?
2.49
2,42
2.39
2=36

2.75
2.90
2.94
2,90
2.93
2.84

Digitized for FRASER


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

. .

:
:

j
!

.59
.65
.71
.67
.60 ;
.52
.48
,44
.43
.39
.39
.55
.63
.78
.84
.79
1.74
1.67

2.66
3.02
3.62
3.39
3.83

.93
2.08 ;
2.11
2.05
.98
.93

3.38
3.95
4.08
4,54 i
5.82

,
'

Aa

"

By rating

Baa

1941
1942....
1943
1944

Corporate bonds

Government bonds

Baa

00

By group
Industrial

Railroad

'

Public
utility

oo

3.34
3.34
3.16
3.05

2.77 t 2.94
2. S3 : 2.98
2.73
2,86
2.72
2.81

3.30 ' 4.33 !


3.28
4.28
3.13 i
3.91 i
3.06 ! 3.61

2.95 i;
2.96
2.85
2.80

3.95
3.96
3.64
3.39

3.11
3.11
2.99
2.97

2.87
2.74
2.86
3.08
2.96

2.62
2.53
2.61
2.82 ;
2.66 j

2.87 ,
2.75
2.87 !
3.12
3.00 j

2.68
2.60
2.67
2.87 i
2.74

3.06
2.91
3.11
3.34
3.24 i

2.89
2.71
2.78
3=03
2.90

!' 3.24
.
3.41
f. 3.52
3.74
: 3.51

2.67
2.89
3.00
3.30
3.09

3.10 i
3.26
3.36 f:
3.55
3.25

2.82
3.09
3.20
3.45
3.15

3.24
3.53
3,57 3.88
4.19
4.71
4.17
4.73
4.67
5.05

3.19
3.50
4.12
3.98
4.51

3.34 I 3.22
3.65
3.54
4.32 4.18
4.39 ii 4.10
4.75
4.70

2.71
2.62 i
2.70
2.90
2.75

2.89
3.13
3.23
3.47
3.18

3.29
3.05
3.24
3.47
3.42 j

4.92
4.86
4.86
4.65
4.67

4.59
! 4.54
4.47
4.42
4.86
4.83 , 4.52

4.77
4.70

4.47 ! 4.64
5.13
5.34
5.53
5.82
6.05 ; 6.51
6,93 j 7.36

4.49
4.57 <
5.13
5.23
5.51
5.66 :
6. IB i; 6.38
7.03 | 7.20

4.63
5.35
5.86
6.54
7,40

ii 4.87
! 5.67
;
6,23
;| 6.94 j
| 7.81

7.84 j'

8.51

8.04

8.32

8.57

' 9.11

8.26

8.77

2.87
2.88
2.89
2.92
2.88
2.86
2.83
2,80
2.79
2.77
2.76
2.84

3.36
3.40
3.39
3.39
3.37
3.34
3.30
3.29
3.30
3.27
3.26
3.35

2.75 8
2.78 i
2.80
2.82
2.81
2.77
2.74
2.74 1:
2.75 i
2.73
2.72
2.80

2.95
3.00
3.01
3.04
2.99
2.95
2.90
2.90
2.91
2.87
2.86
2.95 ,

2.96
3.36 i 4.38
3.00
3.38
4.42
3.02
3.37 i 4.38
3.38
4.33 ! 3.06
3,34
4.32 i 3.02
2.96
3.31
4.31
2.90
3.26
4.28
2.90
3.24
4.27
2.88
3,24
4.30
7..8S
3.21 : 4,?H
2.S5
3.19
4,28
2.94
3.27
4.38

3.96
4.00
3.98
3.96
3.95
3.95
3.92
3,92
3,95
^ q*

V0$

391
3.99

3.04
3.12

2.97
2.98
3.00
2.96
2.97
2.97

3.93
3.94
3.94
3,95
3.97
4.03

3.13
3.15
3.17
3,13
3.13
3.12

ij
"
:.

i
l.
:
,;

2.85
3.35
2.86 i 3.35
2.88 : 3.37
2.85
3.34
2.86
3.36
2.86
3.37

i
i'
j
|
1!

2.83
2.96
2.85 !: 2.98
2.86
3.00
2.83
2.98
2.85
3.00
2.85
3.01

5.19
5.08

4.69
| 4.57
4.51
4.41
4.53

4.56 ;
4.48
4.47 i
4.39 K
4.49

4.41
4.35
4.33
4.26
4.40

4.65 ;; 5.02
4.48 i
4.57

3.30
3.29
3.32
3.30
3.31
3.31

4,29
4.29
4.30
4.26
4.27
4,33

4.61
5.30
5.74
6.41
7.25

4.72 i 4.60
5.37
5.36
5.89
5.81
6.77
6.49
7.46 i; 7.49
!

8.68
3.17
3.19
3.17
3.16
3.13
3.10
3.07
3.06
2.07

tn
o
C
00

00

2.32
228
2.25
2.22

Sent.
Oct.

2.46
247
2.46
2.45

Dec.

2.49

2.26

2.11

1.58
1 54
1.56
1.57
i *;a
1.59

2.46
2.46
2.48
2.48
2.46
2.45
2.45
2.46
2.48
2.48
2.48
2.49

2.27
2.22
221
2.20
2.13
2.07
1.97
1.91
1.92
1.88
1.90
2.00

2.09
2.06
204
2.00
1.94
1.88
1.84
1.82
1.80
1.75
1.76
1.79

1.56
1.54
1 53
1.48
1.43
1.38
1.34
1.33
1.31
1.25
1.26
1.27

2.49
2.49
2.48
2.48
2.49
249
2.49
248
2.47
2.48
2,48
2.48

1.92
1.85
1.84
1.85
1.86
1.87
1.84
1.82
1.83
1.87
I 88
1.87

1.73
1.69
1.67
1.68
1.68
1.66
1.63
1.60
1.64
1.67
1.68
1.67

2.44
2.38
2.40
2.39
2.39
2.35
2.34
2.36
2.37
2.35
2 33
2.33

1.81
1.71
1.61
1.57
1 58
1.58
1.57
1.70
1 79
1.76
1 70
1.64

2.21
2.12
2.09
2.08
2.19
2.16
2.18
2.23
2.28
2.26
225
2.24

1942 July
AU2

1943 jan
Feb.
Mar
Apr.
May
June
July
Aug
Sept
Oct
Nov
Dec

. . .

1944_jan
Feb.
Mar
Apr.
May
June
July
Aus
Sept.
Oct
Nov.
Dec
1945_jan
Feb.
Mar
Apr.
May
June
July
Aug.
Sent
Oct.
Nov
Dec
1946 Jan.
Feb
Mar
Apr
May
June . .
July
Aug.
Sept
Oct.
Nov
Dec
1947 Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept.
Oct. .
Nov
Dec

Digitized for FRASER


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

. .

. ,.
..

. . .

2.21
2.21
2.19
2.19
2.19
2.22
2.25
2.24
2.24
2.27
2.36
2.39

i -in

'

2.12
209
2.10
2.09

o in

1.85
1 80
1.82
1.82
1 as
1.87

2.26
2 24
2.24
2.22

771

2.25

3.76
3.72
3.70
3.68
3.63
3.59
3.57
3.55
3.56
3.55
3.53
3.49

2.83
2.83
2.83
2.83
2.81
2.79
2.79
2.79
2.79
2.79
2.77
2.74

3.51
3.49
3.48
3.45
3.41
3.40
337
3.34
3.35
3.32
3.29
3.25

2.99
2.98
2.97
2.97
2.97
2.96
2.95
2.94
2.94
2.96
2.98
2.96

2.76
2.73
2.72
2.73
2.72
2.69
2.68
2.70
2.70
2.70
2.68
2.68

2.98
2.94
2.92
2.90
2.88
2.86
2.85
2.85
2.85
2.84
2.81
2.79

3.46
3.41
3.38
3.36
3.32
3.29
3.26
3.26
3.24
3.20
3.15
3.10

2.78
2.69
2.68
2.69
2.68
2.68
2.68
2.68
2.67
2.65
2.64
2.64

3.23
3.16
3.11
3.07
3.05
3.03
3.00
3.02
3.05
3.03
2.99
2.96

2.97
2.95
2.94
2.94
2.93
2.89
2.87
2.86
2.85
2.84
2.81
2.79

2.62
2.56
2.54
2.56
2.58
2.59
2.59
2.62
2.68
2.70
2.69
2.69

2.73
2.70
2.69
2.69
2.73
2.73
2.72
2.74
2.80
2.84
2.84
2.83

3.01
2.95
2.94
2.96
3.02
3.03
3.03
3.03
3.10
3.15
3.17
3.17

2.57
2.54
2.54
2.57
2.60
2.59
2.58
2.58
2.64
2.65
2.66
2.66

2.89
2.83
2.80
2.78
2.84
2.85
2.86
2.89
2.98
3.05
3.05
3.04

2.71
2.65
2.64
2,65
2.69
2,70
2.69
2.70
2,75
2.76
2.77
2.77

2.79
2.79
2.80
2.81
2.82
2.83
2.82
2.81
2.86
2.95
3.01
3.16

3.13
3.12
3.15
3.16
3.17
3.21
3.18
3.17
3.23
3.35
3,44
3.52

2.63
2.61
2.61
2.60
2.60
2.60
2.62
2.63
2.67
2.76
2.84
2.92

3.00
3.00
3.02
3.03
3.05
3.10
3.06
3.03
3.09
3.22
3.30
3.42

2.73
2.72
2.73
2.71
2.71
2.72
2.72
2.72
2.78
2.87
2.93
3.02

2.83
2.83
2.82
2.82
2.81
2.81
2.80
2.79
2.79
2.81
2.80
2.76

2.97
2.93
2.91
2.90
2.89
2.87
2.85
2.86
2.85
2.84
2.82
2.80

2.69
2.65
2.62
2.61
2.62
2.61
2.60
2.61
2.62
2.62
2.62
2.61

1.91
1.86
1.84
1.85
1.85
1.83
1.80
1.78
1.82
1.87
1.88
1.86

2.30
2.27
2.24
2.25
2.25
2 19
2.13
2.07
2.14
2.18
2.21
2.20

2.81
2.81
2.80
2.78
2.77
2.78
2.78
2.77
2.76
2.76
2.76
2.74

1.60
1.51
1.42
1.39
1.39
1.42
1.43
1.55
1.64
1.61
1,55
1.48

1.09
1.02
.96
.95
.98
1.01
1.02
1.13
1.22
1.21
1.16
1.11

1.41
1.36
1.27
1.23
1.24
1.25
1.26
1.36
1.44
1.42
1.35
1.27

1.79
1.68
1.58
1.54
1.52
1.54
1.58
1.69
1.80
1.79
1.71
1.62

2.10
1.99
1.85
1.82
1.83
1.86
1.87
2.02
2.10
2.03
1.98
1.91

2.65
2.61
2.59
2.59
2.59
2.61
2.60
2.62
2.63
2.62
2.61
2.60

1.57
1.49
1 49
1.45
1.54
1.55
1.60
1.65
1.75
1.84
1 80
1.97

1.39
1.29
1 25
1.22
1.35
1.38
1.46
1.54
1.60
1.64
1.60
1.78

1.02
.94
.92
.91
1.02
1.04
1.09
1.16
1.21
1.24
1.23
1.38

1.20
1.12
1.09
1.05
1.18
1.22
1.28
1.35
1.41
1.44
1.37
1.53

1.53
1.41
1.36
1.31
1.44
1.48
1.55
1.63
1.68
1.72
1.68
1.88

1.79
1.67
1.61
1.59
1.74
1.79
1.91
2.00
2.08
2.15
2.12
234

2.52
2.46
2.44
2.44
2.49
2.47
2.48
2.51
2.55
2.58
2.58
2.60

2.73
2.68
2.66
2.67
2.71
2.71
2.71
2.73
2.79
2.82
2.82
2.83

2.54
2.48
2.47
2.46
2.51
2.49
2.48
2.51
2.58
2.60
2.59
2.61

1.92
1.99
2,02
1.98
1.95
1.92
1.91
1.93
1.92
2.02
2.18
2.35

1.75
1.79
1.87
1.78
1.77
1.75
1.73
1.78
1.79
1.87
2.03
2.18

1.35
1.39
1.46
1.41
1.42
1.40
1.39
1.43
1.42
1.50
1.59
1.69

1.49
1.54
1.62
1.55
1.54
1.50
1.48
1.53
1.53
1.60
1.76
1.91

1.84
1.88
1.96
1.86
1.84
1.82
1.83
1.89
1.91
1.99
2.17
2.33

2.30
2.35
2.43
2.31
2.29
2.26
2.23
2.26
2.29
2.40
2.59
2.78

2.54
2.54
2.53
2.51
2.51
2.52
2.52
2.52
2.55
2.67
2.74
2.83

2.79
2.78
2.79
2.78
2.79
2.81
2.80
2.80
2.85
2.95
3.02
3.12

2.57
2.55
255
2.53
2.53
2.55
2.55
2.56
2.61
2.70
2.77
2.86

3.11
3.10
3.10
3.09
3.07
3.07
3.05
3.04
3.05
3.01
3.01
2.98

2.72
2.74
2.74
2.74
2.73
2.73
2.72
2.71
2.72
2.72
2.72
2.70

1.51
1.46
1.44
1.45
1.46
1.45
1.43
1.42
1.44
1.45
1.47
1.47

3.05
3.02
3.00
3.01
3.00
2.98
2.95
2.96
296
2.96
2.98
3.00

3.11
3.10
3.09
3.08
3.06
3.05
3.04
3.02
3.03
3.02
3.02
2.98

3.27
3.23
3.20
3.19
3.16
3.14
3.11
3.10
3.11
3.11
3.13
3.14

1.21
1.17
1.16
1.17
1.17
1.16
1.15
1.14
1.15
1.16
1.16
1.15

3.86
3.78
3.73
3.69
3.64
3.61
3.56
3.55
3 56
3.55
3.56
3.56

3.20
3.17
3.14
3.14
3.13
3.11
3.09
3.08
3.10
3.10
3.11
3.13

2.84
2.82
2.83
2.83
2.81
2.79
2.77
2.77
2.77
2.78
2.80
2.83

2.90
2.88
2.87
2.87
2.86
2.84
2.80
2.79
282
2.82
2.85
2.86

2.93
2.89
2.88
2.88
2.87
2.85
2.82
2.81
2.82
2.83
2.84
2.87

2.72
2.68 .
266
2.62
2.54
2.46
2.40
2.39
2.38
2.32
2.34
2.36

4.16
4.08
4.01
3.96
3.91
3.88
3.81
3.81
3.83
3.82
3.83
3.82

2.79
2.77
2.76
2.76
2.74
2.72
2.69
2.69
2.69
2.70
2.71
2.74

2.83
2.81
2.80
2.80
2.79
2.81

3.09
3.09
3.08
3.07
3.06
3.07

4.30
4.28
4.26
4.24
4.25
4,28

3.35
3.34
3.33
3.31
3.31
3.32

2.24
2.21
2.18
2.14
2.08
2.02
1.98
1.96
1.95
1.90
1.91
1.98

402
3.98
3.95
3.92
3.93
3.96

3.28
3.27
3.26
3.24
3.24
3.23

2.85
285
2.84
2.84
2.85
2.86

1.85
1.81
1 80
1.76
1.72
1.67
1.62
1.58
1.57
1.52
1.54
1.56

'

2.94
2.94
2.95
2.94
2.93
2.94

2.99
299
2.98
2.95
2.94
2.96

2.78
279
2.78
2.74
2.73
2.73

2.65
2.64
264
2.63
2.63
2.64
2.64
2.64
2.69
2.79
2.85
2.94

!
1

'

12.12

A.

ANNUALLY AND MO!VTHLY, 1941-70Continued


[Per cent per annum]
Corporate bonds

Government bonds
State and local
Untied
States

Month

(long-

Moody's
1

term)

1948 Jan
Feb
Mar
Apr
May
June
July
Aug
Scot
Oct
Nov
Dec
1949

Jan
Feb
Mar
Apr
May
June
July
AUR

Sept
Get
Nov
Dec

.... .

1950 =J an
Feb
Mar...
Apr
May
June
July
Aug
Sept. . . . . . . .
Oct
Nov
Dec . . . . .

1951 ^Jan
Feb
Mar

May
. .
June
July
AUK
.. .
Sept
Oct . . . . . . . .

Dec. . . . . . . . . . .

Digitized for FRASER


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

Public
utility

3.17
3.17
3.13
3.08
3.06
3.03
3.07
3.13
3.13
3.15
3.18
3.16

3.52
3.53
3.53
3.47
3.38
3.34
3.37
3.44
3.45
3.50
3.53
3.53

2.91
2.90
2.89
2.85
2.82
2.80.
2.84
2.89
2.88
2.90
2.89
2.85

3.44
3.43
3.40
3.34
3.27
3.23
3.26
3.31
3.32
3.35
3.37
3.36

3.03
3.03
3.01
2.97
2.95
2.96
3.02
3.07
3.07
3.07
3.09
3.06

3.08
3.05
3.05
3.05
3.04
3.04
3.03
2.96
2.95
2.94
2.93
2.89

! 3.46
3.45
3.47
3.45
3.45
3.47
I 3.46
! 3.40
3.37
i 3.36
3.35
| 3.31

2.80
2.79
2.78
! 2.78
2.78
2.78
2,15
2.70
2.68
2.68
2.67
2.65

3.26
3.24
3.27
3.27
3.26
3.29
3.29
3.21
3.19
3.20
3.20
3.14

2.99
2.99
2.97
2.96
2.95
2.93
2.89
2.86
2.84
2.83
2.81
2.79

1 2.65
2.65
2.66
2.66
2.69
2.69
i; 2.72
2.67
2.71
2.72
2.72
2.72

2.85
2.86
2.86
2.86
2.88
2.90
2.92
2.87
2.88
2.91
2.92
2.91

'

2.63
2.63
2.64
! 2.64
2.65
i 2.66
2.69
2.66
2.68
2.70
2.70
i 2.70

3.07
3.08
3.08
3.08
3.12
3.15
3.19
3.0s
3.07
3.09
3.08
3.07

2.79
2. 78
2.78
2.79
2.81
2.81
2.83
2.80
2.84
2.85
2.86
2.S7

2.71
2.71
2.82
2.93
2.93
2.99
2.99
2.92
2.88
2.93
3.02
3.06

2.89
2.88
3.00
3.11
3.1S
3.21
3.23
3.17
3.15
3.18
3.26
3.31

3.17
3.16
. 3.23
3.35
3.40
3.49
3.53
3.50
3.46
3.50
3.56
3.61

2.69
2.69
2.81
2.89
2.90
2.96
2.97
2.92
2.89
2.93
2.97
3.00

3.03
3.01
3.09
3.24
3.28
3.33
3.36
3.31
3,27
3.31
3.42
3.50

2.85
2.86
2.95
3.07
3. 1C)
3.18
3.19
3.13
3.09
3.14
3.21
3.24

2.86
2.85
2.83
2.78
2.76
2.76
2.81
2.84
2.84
2.84
2.84
2.79

.64
.70
.69
.64
.63
.71
.66
.63
.64
.65
.63
.61

j 1.82
1.89
1.89
1.89
1.90
1.98
i 1.94
i 1.93
1 .94
!
1.95
1 .89
1.86

2.33
2.40
2.41
2.43
2.42
2.48
2,40
2.38
2.37
2.35
2.33
2.29

2.66
2.70
2.73
2.71
2.68
2.72
2.66
2.63
2.65
2.64
2.58
2.53

2.71
2.70
2.70
2.69
2.69
2.69
2.65
2.60
2.58
2.59
2.58
2.56

3.02
3.00
3.00
3.00
3.00
3.00
,1 2.98
i 2.92
2.90
2.90
2.89
2.86

2.71
2.71
2.70
2.70
2.71
2.71
2.67
2.62
2.60
2.61
2.60
2.58

! 2.81
ii 2.80
| 2.79
2.79
2.78
2.78
2.75
2.71
2.69
i 2.70
2.68
2.67

2.08
2.03
2.06
2.02
2.07
2.02
2.08
2.03
2.07
2.04
2.09
2.05
2.09
2.03
1.90 i
.85
1.88
.84
1.82
.78
1.79
.77
1.77
.78

.61
.61
.62
.63
.65
.66
.66
.52
.SO
.44
.42
.42

1 .82
1.83
1.84
1 .87
1.88
1 .88
1.87
1.66
1.67
1.61
| 1.58
! 1 .60

2.23
2.20
2.20
2.21
2.23
2.23
2.21
i'.99
2.00
1.93
1.92
1.92

2.46
2.43
2.40
2.40
2.41
2.42
2.39
2.21
2.20
2. IS
2.15
2.17

2.55
2.55
2.55
2.56
2.58
2.59
2.61
2.58
2.60
2.63
2.64
2.63

2.83
> ' 2.83
!j 2.84
; 2.84
, 2.86
2.87
2.90
2.85
2.86
,. 2.88
: 2.88
2.8B

2.57
2.58
2.58
2.60
2.61
2.62
2.65
2J1
2.64
2.67
2.67
2.67

1.62
1.61
1.87
2.05
2.09
2.22
2.18
2.04
2.05
2,08
2.07
2.10

.31
.30
.45
.61
.66
.78
.78
.65
.65
,69
.69
.72

1.43
1.38
1.59
1.79
1.85
2.03
2.04
I.S6
1.83
1 .87
1 .85
1.89

1.78
1.73
1.91
2.12
2.23
2.44
2.42
2.22
2.21
?30
2.30
2.33

2.05
1.99
2J7
2.35
2.41
2.67
2.67
2.38
2.35
2.44
2.47
2.53

2.62
2.63
2.73
2.83
2.85
2.90
2.92
2.87
2.82
2.m
2.98
3.01

2.86
2.85
2.96
3.07
3.09
3.16
3.17
3.12
3.08
3.13
3.20
3.21

2.66
2.66
2.78
2.87
2.89
2.94
2.94
2.88
2.84
2.S9
2.96
3.01

2.20
2.24
2.27
2.30
2.31
2.33
2.34
2.33
2.36
2.38
2.38
2.39
2.39
2.40
2.47
2.56
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70

ji

Railroad

3.12
3.12
3.10
3.05
3.02
3.00
3.04
3.09
3.09
3.11
3.12
3.09

i
I

industrial

2,81
2.82
2.80
2.77
2.75
2.74
2.79
2.84
2.84
2.84
2.84
2.79

2.15
2.11
2.23
2.17
2.21
2.18
2.20
2.17
2.20 : 2.16
2.28 ! 2.22
2.26 j 2.17
2.20
2.14
2.22
2.15
2.21
2.15
2.17
2.11
2.13
2.07

2.42
2.39
2.38
2.38
2.38
2.38
2.27
2.24
2.22
2.22
2.20
2.19

Baa

2.89
3.03
3.02
2.92
2.85
2.79
2.80
2.87
2.94
2.96
2.89
2.80

.64
.60
.77
.97
2.04
2.23
2.23
2.03
2.01
2.08
2.08
2.12

Aaa

2.45
2.59
2.58
2.53
2.49
2.42
2.48
2.56
2.60
2.62
2.58
2.47

.76
.88
.96
.92
.87
.81
.85
.90
.93
.93
.86
.75

Total

2.02
2.17
2.18
2.05
1 .96
1.90
1.93
2.01
2.07
2.07
1 .96
1.85

2.45
2.28
2.55
2.42
2.52
2.44
2.38
2.35
2.31
2.29
2.26
2.23
2.33
2.27
2.45
2.34
2.46 : 2.39
2.45
2.40
2.42 j 2.32
2.26
2.22

| Aa

w
GO
By group

By rating

Baa

Aaa

Moody's

i
[i
Standard
and
;
Poor's '
AAA

Total

2.45
2.45
2.44
2.44
2.42
2.41
2.41
2.45
2.45
2.45
2.44
2.44

Stand- |!

ard
and
Poor's

BOND YIELDS, BY TYPE OF SECURITY Continued

Aa

I
00

j
1

1
\

2.94
2.93
2.90
2.87
2.86
2.85
2.89
2.94
2.93
2.94
2.92
2.88

3.24
3.24
3.24
3.23
3.25
3.28
3 3.32
!
, 3.23
1 3.21
3.22
3.22
3.20

tn

oo

00

3 05
3 01
3 03
3 01
3.00
3 03
3.04
3 06
3.07
3 08
3.06
3 05

3.33
3 25
3.24
3 20
3.20
3 20
3.19
3 21
3.22
3 24
3.24
3 22

3.50
3 53
3*51
3 50
3 49
3 50
3 50
3 51
3 52
3 54
3.53
3 51

3 00
2 97
2 99
2 97
2 97
2 98
2 99
3 00
3 20
3 05
3 05
3 04

3 48
3 38
3 36
3 32
3 31
3 32
3 33
3 34
3 36
3 39
3 37
3 34

3 23
3 19
3 21
3 19
3 19
3 20
3 20
3 20
3 20
3 22
3 19
3 19

3 03
3.06
3 10
3.20
3 33
3.39
3.27
3 22
3.26
3 15
3.08
3 09

3 22
3.26
3 31
3.40
3 53
3.61
3.55
3 51
3.54
3 45
3.38
3 39

3 02
3.07
3 12
3.23
3 34
3.40
3.28
3 24
3.29
3 16
3.11
3 13

3 09
3.14
3 13
3.29
3 41
3.50
3 42
3 39
3.43
3 33
3.27
3 28

3.25
3.30
3.36
3.44
3.58
3.67
3.62
3 56
3.56
3 47
3.40
3 40

3 51
3.53
3 57
3.65
3 78
3.86
3 86
3 85
3 88
3 82
3 75
3 74

3 07
3 11
3 16
3.27
3 39
3.48
3 42
3 37
3 39
3 33
3 27
3 28

3 36
3 39
3 43
3.51
3 63
3.73
3 67
3 61
3 '65
3 56
351
3 52

3 23
3 29
3 33
3 44
3 57
3 62
3 56
3 54
3 58
3 46
3 38
3 37

3.27
3 19
3.13
3 17
3 20
3.22
3 00
2.94
298
3.00
296
2.99

3.02
2 91
2.82
2 81
2 85
2 87
2 85
2.83
2 84
2.85
2 86
2.88

3.34
3 23
3.14
3 12
3 13
3 16
3 15
3.14
3 13
3.13
3 13
3.13

3.06
295
2.86
2 85
2 88
2 90
2 89
2.87
2 89
2.87
2 89
2.90

3.22
3 12
3.03
3 00
3 03
3 06
3 04
3 03
3 04
3.04
3 04
3.04

3.35
3 25
3.16
3 15
3 15
3.18
3 17
3 15
3 13
3.14
3 13
3.14

3 71
3 61
3 51
3 47
3 47
3 49
3 50
3 49
3 47
3 46
3 45
3 45

3 23
3 12
3 05
3 04
3 06
3 10
3 10
3 07
3 07
3 06
3 06
3 07

3 47
3 35
3 24
3 19
3 21
3 23
3 23
3 21
3 22
3 23
3 22
3 23

3 31
3 23
3 14
3 13
3 13
3 15
3 13
3 12
3 13
3 11
3 10
3 10

2 55
2.57
2 56
2.57
2 55
2 56
2 70
2 78
2.80
2.73
2.69
2.81

3 04
3.05
3 07
3.08
3.07
3 08
3.17
3 22
3.24
3.22
3 20
3.25

2 90
2 95
2 98
2.98
3 02
3 03
3 04
3 11
3 12
3.09
3 08
3.16

3 15
3.18
3 20
3.21
3 23
3 23
3 24
3 29
3 31
3.30
3 29
3.33

2 93
2.93
3 02
3 01
3 04
3 05
3 06
3 11
3 13
3.10
3 10
3.15

3 06
3.10
3 13
3.13
3 15
3 14
3 14
3 20
3*22
3.19
3 18
3.22

3 15
3.17
3 18
3.19
3 21
3 22
3 24
3 28
3 31 i
3.30
3,29
3.33

3 45
3 47
3 48
3 49
3 50
351
3 52
3 56
3 59
3 59
3 58
3 62

3 08
3 12
3 14
3 14
3 17
3 18
3 18
3 25
3 25
3 23
3 22
3 26

3 25
3 28
3 31
3'30
3 32
3 31
3 32
3 36
3 40
3 38
3 38
3 42

3 12
3 15
3 17
3 17
3 19
3 21
3 22
3 26
3 29
3 27
3 28
3 31

2 78
2.73
2 77
2.92
2 88
2.74
2 82
2.98
3 14
3 21
3 53
3 72

3 24
3.21
3 24
3.38
3 37
3.26
3 34
3,52
3 60
3 67
3.98
4 19

3 10
3 07
3 11
3.23
3 27
3.28
3 30
3.42
3 59
3 63
3 74
3 80

3 30
3 28
3 30
3 41
3 46
3.46
3 50
3.62
3 75
3 82
3 90
3 89

3 11
3 08
3 10
3 24
3 28
3 26
3 28
3 43
3 56
3 59
3 69
3 75

3 19
3 16
3 13
3 30
3 34
3 35
3 39
3.50
3 63
3 69
3 76
3 85

3 30
3.28
3 30
3 41
3 47
3.48
3 52
3,63
3 73
3 81
3 90
3 98

3 60
3 58
3 60
3 68
3 73
3 76
3 80
3 93
4 07
4 17
4 24
4 37

3 23
3 20
3 24
3 37
3 40
3 39
3 42
3 55
3 68
3 75
3 82
3 95

3 40
3 37
3 37
3 47
3 53
3 55
3 59
3 72
3 83
3 89
4 01
4 08

3 28
3 26
3 27
3 38
3 44
3 44
3 48
3 60
3 73
3 82
3 86
3 93

2.58
2 55
2.54
2 50
2.54
2 63
2.67
2 74
2.84
2 94
2.90
292

2.96
2 91
2.95
2 92
2.92
2 93
2.94
2 95
2.96
3 02
2.98
2 98

2 04
2.14
2 21
2.20
2 32
2.64
2 56
2 48
2 49
2 33
2.15
2 18

2 30
2.41
2 49
2.50
2.58
2.86
2.80
2 70
2.68
2 50
2.31
2.31

2 73
2.88
3 00
3.00
3.07
3.30
3.17
3 16
3.18
2 99
2.78
2 83

3 02
3,17
3 33
3.35
3.42
3.67
3.60
3 60
3.62
3 49
3.33
3.34

2.62
2 54
2 50
2 56
2 59
2.59
2 39
2.31
2 34
2.37
2 34
2.40

2.12
2 06
2.04
2 15
2 18
2.17
98
.90
93
.97
95
2.01

2.28
2 21
2.18
2.26
2 29
2.29
2 11
2.00
2.04
2.06
2.05
2.13

2.79
2 70
2.63
2 67
2 67
2.66
246
2.38
2 42
2.44
2 39
2.48

2 39
2.42
2 45
2.43
2 41
2 48
2 62
2 67
263
2.56
2 55
2.71

2 48
2.49
2 49
2.50
2 48
2 49
2.62
2 69
2.70
2.64
2.60
2.70

2 09
2.10
2 09
2.08
2 06
2 09
2.23
2 33
2 31
2.25
2.20
2.29

2 23
2.25
2 25
2.26
2 24
2 24
2 36
2 43
2.43
2.36
2.31
2.46

2 64
2.58
2 69
2.88
2 86
2.75
2 78
2.94
3 07
3 14
3.38
3 44

2 69
2.63
2 67
2.84
2 83
2.71
2 79
2.94
3 06
3 12
3.39
3 57

2 27
2.19
2 24
2.43
246
2.34
2 40
2.53
2 63
2 66
2 87
3 04

2 46
2.40
2 44
2.61
2 62
2.52
2 58
2.71
2 85
2 93
3.16
3 32

2 10
204
207
2 01
2 05
2 10
2 12
2 22
2.33
242
2.40
240

2 14
2 10
209
2 04
205
2 14
2.17
2 23
2.35
2 43
2.41
2 44

74
72
72
68
67
73
76
78
91
99
.98
96

1953Jan
Feb
Mar
Apr
May
June
July
Aug
Sept .
Oct
Nov
Dec

2 80
2.83
2 89
2.97
3 12
3.13
3.04
3 05
3.01
2 87
2.86
2 79

247
2.54
2 61
2.63
2 73
2.99
2 99
2 89
2 88
2 72
2.62
2 59

2 52
2.65
2 76
2.76
284
3.12
303
2 99
2.99
2 83
2.64
2 67

1954Jan
Feb
Mar
Apr. .
May
June ....
July
Aug
Sept
Oct
Nov
Dec

2.69
2 62
2.53
2 48
2 54
2.55
2 47
2.48
2 52
2.54
2.57
2.59

2.50
2 39
2.38
2 47
2 49
2.48
2 31
2.23
229
2.32
2 29
2.33

1955Jan
Feb
Mar
Apr
May
June
July.
Aug
Sept
Oct
Nov . .
Dec

2 68
2.77
2 78
2.82
2 81
2 82
2 91
2 95
2.92
2.87
2.89
2.91

1956Jan
Feb
Mar
Apr
May
June
July.
Aug
Sept
Oct
Nov
Dec

2 88
2,85
2 93
3.07
2 97
2 93
3 00
3.17
3 21
3 20
3 30
3 40

Digitized for FRASER


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

298
2 93
2 96
2 93
293
2 94
2 95
2 94
295
3 01
298
2 97

2 30
2 25
2 24
2 15
2 17
2 25
2 29
2 38
i 2.51
2 61
2 59
2 66

2.74
2 71
2 70
2 64
2.57
2 61
2.61
2 70
2.71
2 74
2.71
2 75

3.24
3 18
3.19
3 16
3 16
3 17
3.17
3 18
3.19
3 22
3.20
3 19

.92
90
.87
83
.83
93
.96
2 03
2.14
2 19
2.18
2 22

1952Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

'

'

'
!

1
w

C/3

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


A.

ANNUALLY AND MONTHLY, 1941-70Continued


[Per cent per annum]
Corporate bonds

Government bonds
State and local
Month

United
States
(longterm)

Moody's

Standard
i"
and
i Poor's

Total

:|

Aaa

3.34
3.22
3.26
3.32
3.40
3.58
3.60
3.63
3.66
3.73
3.57
3.30

1958 Jan
Feb
Mar
Apr

3.24
3.26
3.25
3.12
3.14
3.19
3.36
3.60
3.75
3.76
3.70
3.80

;
]
j
1
j
,'
'
;

3.90
3.92
3.92
4.01
4.08
4.09
4.11
4.10
4.26
4.11
4.12
4.27

3.87
3.85
3.76
3.84
3.97
4.04
; 4.04
3.96
4.13
3.99
3.94
4.05

4.37
4.22
4.08
4.17
4J6
V99
3.86
3.79
3.82
391
3.93
3.88

4.13
3.97
3.87
3.84
3.85
3.78
3.72
3.53
3.53
3 59
3.46
3.45

June
Julv
Sept
Get
"Nov
Dec
1959- Jan

Feb
Mar
Apr

VI av

July
Aug
Sept
Oet
T\0V

Dec
I960 -Jan
Feb
Mar
Apr
May
June
July
Sept
Oct
Nov
Dec

Digitized for FRASER


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

Aa

Baa

By rating

By group

Total
Aaa

Aa

Baa

4.01
3.99
3.97
3.95
3.99
4.09
4.20
4.35
4.43
4.46
4.50
4.31

4.49
4.47
4.43
4.44
4.52
4.63
4.73
4.82
4.93
4.99
5.09
5.03

4.01
4.00
4.06
4.01
4.02
4.00
4.04
4.19
4.40
4.45
4.43
4.42
4.43
4,43
4.40
4.45
4.61
4.71
4.75
4.74
4.87
4.87
4.86
4.89

Industrial

Public
utility

Railroad

1957=,Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

3.40
3.26
3.32
i 3.33
3.52
,| 3.75
3.75
; 3.91
S 3.90
! 3.79
3.76
; 3.47

Moody's
Stand- |
ard
and
Poor's
AAA

3.32
3.37
3.45
3.31
3.25
3.26
3.45
3.74
3.96
3.94
3.84
3.84

3.51
3.29
3.36
3.35
3.48
3.65
3.65
3.84
3.89
3.74
3.67
3.33

2.99
2.79
2.88
2.88
3.00
3.19
3.17
3.37
3.43
3.31
3.24
2.92

3.24
3.05
3.15
3.15
3.26
3.41
3.41
3.64
3.68
3.50
3.42
3.05

3.64
3.37
3.42
3.43
3.54
3.69
3.73
3.90
3.96
3.78
3.68
3.33

4.16
3.96
3.97
3.95
4.10
4.32
4.29
4.43
4.49
4.38
4.35
4.00

3.80
3.70
3.69
3.70
3.77
3.93
4.01
4.13
4.15
4.13
4.12
3.81

4.04
3.99
!;l 3.97
3.96
!
4.02
4.15
4.26
4.37
4.44
4.46
4.49
j 4.31

3.77
3.67
3.66
3.67
3.74
3.91
3.99
4.10
4.12
4.10
4.08
3.81

3.89
i 3.83
' 3.80
:l 3.79
i 3.83
3.98
' 4.10
4.21
4.26
4.28
4.29
J 4.08

3.17
3.15
3.23
3.16
3.12
3.15
3.23
3.50
3.74
3.69
3.59
3.57

2.75
2.72
2.79
2.70
2.69
2.74
2.79
3.07
3.28
3.23
3.17
3.12

2.94
2.96
3.04
3.00
2.95
2.96
3.03
3.31
3.58
3.51
3.38
3.35

i 3.18
1 3.13
3.22
\ 3.17
[; 3.12
I 3.15
3.24
3.56
3.80
3.76
3.69
3.68

3.81
3.79
3.88
3.78
3.71
3.78
3.83
4.07
4J2
4.25
4.11
4.10

3.59
3.60
3.64
3.63
3.61
3.61
3.70
3.86
4.08
4.14
4.09
4.10

:.

4.06
4.01
i 4.04
4.02
4.00
3.98
4.02
4.17
4.39
4.42
4.40
4.38

3.60
3.59
3.63
3.60
3.57
3.57
3.67
3.85
4.09
4.11
4.09
4.08

! 3.81
|S 3.77
[! 3.78
3.78
3.78
;
f 3.78
3.83
3.98
4.20
4.21
;
4.21
; 4,18

3.60
3.57
3.44
3.53
3.70
3.80
3.92
3.84

3.40
3.38
3.23
3.34
3.54
3.64
3.75
3.63
3.78
3.71
3.59
3.62

3.68
3.66
3.55
3.64
3.81
3.90
3.99
3.91
3.99
3.96
3.90
3.93

4.11
4.08
3.93
4.02
4.20
4.28
4.43
4.36
4.42
4.38
. 4.30
4.37

4.14
4.15
4.13
4.23
4.38
4.46
4.47
4.44
4.54
4.55
4.55
4.59

4.41
4.43
4.40
: 4.47
4.60
! 4.69
' 4.72
4.71
4.82
4.87
4.85
4.87

4.12
4.14
4.13
4.23
4.37
4.46
4.47
4.43
4.52
4.57
4.56
4.58

4.22
4.24
4.23
4.32
4.46
4.56
4.58
4.58
4.69
4.76
4.70
4.74

3.73
3.66
3.60
3.55
3.55
3.53
3.52
3,37
3.37
3.49
3.42
3.35

4.02
3.93
3.84
3.77
3.81
3.B2
3.84
3.65
3.63
3.70
3.63
3.60

4.43
4.35
4.29
4.24
4.31
4.27
4.26
4.15
4.09
4.16
4.09
4.03

4.91
4.88
4.81
4.76
4.80
4.78
4,74
4.6i
4.58
4.63
4.64
4.66

4.61
4.56
4.49
4,45
4.46
4.45
4,41
4.28
4,25
430
4.31
4.35

3.95

.
i

3.90
3.81
3.84

3.19
3.16
3.06
3.12
3.29
3.37
3.51
3.44
3.60
3.57
3.44
3.43

3.92
3.84
3.77
3.72
3,75
3.74
3.73
3 57
3.55
3.64
3.57
3.53

3.49
3.40
3.34
3.30
3.34
3.33
3.31
i tn
109
3.20
3.14
3.12

;
i

4.62
4.55
4.47
4.44
4.45
4.44
4.39
4.27
4,24
4.30
4,34
4.37

i
I

:
i
i
;

4.77
4.71
4.62
4.58
4.61
4.60
4.56
4.44
4.41
4.44
4.47
4.50

i!

4.93
4.92
4.86
4.79
4.84
4.81
4.77
4.65
4.63
4.67
4.69
4.71

'
Ii
"

4.02 ! 4,12
3.94 Ij 4.06
3.90 I 4.04
3.89
4.06
3.96
4.13
4.14
4.26
4.19
4.39
4.29
4.49
4.31
4.56
4.32
4.57
4.34
4.65
4.11
4.53

3.98
3.97
3.95
3.94
3.98
4.06
4.19
4.33
4.45
4.48
4.49
4.29

4.83
4.66
4.68
4.67
4.62
4.55
4.53
4.67
4.87
4.92
4.87
4.85

3.91
3.86
3.86
3.83
3.80
3.77
3.81
3.94
4.24
4.25
4.23
4.24

4.30
4.29
4.30
4.32
4.30
4,28
4.30
4.42
' 4.52
; 4.56
4.56
4.52

3.99
3.87
3.95
3.90
3.89
3.88
3,94
4.16
4.41
4.46
4.40
4.39

4.87
4.89
4.85
4.86
4.96
5.04
5.08
5.09
5.18
5.28
5.26
5.28

4.28
4.31
4.28
4.35
4.46
4.55
4.58
4.56
4.68
4.70
4.69
4.70

4,53
4.51
4.51
4.56
4.67
4.76
ii 4,79
j 4.80
4.88
4.96
4.99
5.05

4.43
4.46
4.43
4.49
4.67"
4.77
4.79
4.77
4.89
4.95
4.86
4.86

4.74
4.71
4.64
4.61
4.65
4.64
4.61
4.49
4.46
4.50
4.51
4.55

5.08
5.05
4.99
4.97
4.98
4.94
490
4.82
4.78
4.84
4.85
4.87

5.34
5.34
5.25
5.20
5.28
5.26
5.22
5.0S
5.01
5.11
5.08
5.10

':
j
S

!;
!

i
'

4.92
4.89
4.79
4.70
4.76
4.76
d 71

:
:

4.53
4.48
4.56
4.56
4.58

66
59
65
66
62
68
71
70
70
64
62
63

4 Q6
4 06
411
4 01
3 95
3 97
3 94
3 96
4 02
3 9g
3 96
4 Q4

4 33
4 28 I
4 22
4 27

4 65
4 59
4 54
4 56

4 32
4 27 I
4 22
4 25

d 77

4 38
4 42
4 46
4 47
4 41
4 39
4 42

4 63
4 70
4 73
4 74
4 73
4 70
4 71

3 44
3 28
3.19
3 11
3 09
3.16
3 24
3 23
3.12
3 04
3.00
3.09

3 54
3 40
3.31
3 21
3 21
3.35
3 41
3 44
3.33
3 23
3.18
3.27

4 01
3 83
3.66
3 55
3 55
3.65
3 72
3 74
3.66
3 62
3.53
3.57

4 39
4 40
4.36
4 30
4 25
4.27
4 31
4 32
4.28
4 20
4.20
4.20

2.95
2 99
2.97
2.97
2 99
3.09
3 10
3 09
3 13
3 15
3.17
3 12

3 08
3 11
3.08
3.07
3 09
3.19
3 19
3 16
3 20
3 22
3.26
3 23

3.26
3 28
3.24
3.24
3 24
3.33
3 31
3 30
3 33
3 33
3.39
3 35

3 56
3 57
3.56
3 55
3 54
3 62
3 60
3 59
3 58
3 59
3.62
3 61

3 29
3.27
3.33
3.30
3.29
3 29
3.26
3 27
3.30
3.31
3 27
3.23

3 09
3.08
3.14
3 12
3.09
3 10
3.08
3 08
3 09
3.11
3 08
3.01

3 20
3.16
3.24
3.20
3.18
3 19
3.17
3 18
3 21
3.22
3 19
3.13

3 32
3.29
3.37
3.37
3.34
3 31
3.28
3 29
3.32
3.34
3 30
3.28

3.18
3.18
3 28
3.28
3 28
3.32
3.34
3 32
3.41
3.46
3.50
3.56

2.97
2.97
3.09
3.09
3 09
3.15
3.16
3 16
3.25
3.31
3 34
3.39

3.07
3.07
3 18
3.18
3 18
3 23
3.25
3 22
3.32
3.38
3 41
3.47

3.24
3.24
3.33
3.33
3 31
3.35
3.37
3 34
3.43
3.48
3 53
3.60

1961Jan. .
Feb.. . .
Mar.
Apr.
May
June
July
Aug
Sept.
Oct.
Nov
Dec.

3 89
3.81
3 78
3 80
3.73
3.88
3 90
4.00
4 02
3 98
3.98
4 06

3 44
3 33
3 38
3 44
3 3s
3.53
3 53
3 55
3 54
3 46
3 44
3 49

3
3
3
3
3
3
3
3
3
3
3
3

1962 Jan
Feb.
Mar
Apr.
May .
June
July
Aug
Sept
Oct.
Nov
Dec

4.08
4 09
4.01
3 89
3.88
3.90
4 02
3.97
3.94
3.89
3.87
3.87

3.32
3 28
3.19
3 08
3.09 1
3.24
3 30
3.31
3.18
3 03
3.03
3.12

3 55
3 40
3.30
3 21
3 21
3.31
3 37
3 38
3.28
3 21
3.15
3.22

3 21
3 08
3.03
2 98
2 98
3.06
3 10
3 10
3.01
2 94
2.89
2.93

1963 Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec.

3.88
3 92
3.93
3.97
3.97
4.00
4.01
3.99
4 04
4.07
4.10
4.14

3.12
3 18
3.11
3.11
3 15
3.27
3 29
3.22
3 27
3.32
3.41
3.34

3.22
3 24
3.21
3.21
3 21
3.31
3 31
3 28
3 31
3 33
3.36
3 33

4.15
4.14
4.18
4.20
4.16
4.13
4.13
4.14
4.16
4.16
4.12
4.14

3.23
3.17
3.32
3.29
3.21
3.20
3.18
3 20
3.25
3.26
3.18
3.15

4.14
4.16
4.15
4.15
4 14
4.14
4.15
4 19
4.25
4.27
4 34
4.43

3.06
3.10
3 18
3.17
3 19
3 26
3.26
3 25
3.36
3.42
3 47
3.56

1964 Jan. .
Feb
Mar
Apr. . .
May
June
July
Aug.
Sept
Oct
Nov.
Dec
1965Jan
Feb
Mar.
Apr...
May
June
July
Aug.
Sept
Oct
Nov.
Dec. .

Digitized for FRASER


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

..
..
....

,
. .,

56
54
60
61
57
63
63
62
64
59
57
63

3
3
3
3

15
14
23
27

3
3
3
3
3
3
3

35
35
33
33
28
27
32

3
3
3
3
3
3
3
3
3
3
3
3

37
35
42
48
45
52
50
51
51
45
42
51

3
3
3
3
3
3
3
3
3
3
3
3

4 33
4 41
4 45 1
4 45
4 42
4 39
4 42

4 48
4 40
4 33
4 37
4 41
4 45
4 53
4 57
4 59
4 56
4 54
4 56

4 69
4 63
4 57
4 59
4 63 [
4.69
4 75
4 80
4 81
4 79
4 75
4 74

5 10
5 07
5 02
5 01
5 01
5.03
5 09
5 11
5 12
5 13
5 11
5 10

4.52
4.46
4 40
4 45
4.48
4.54
4.59
4.61
4 61
4.60
4.58
4 59

4.86
4.82
4 78
4.75
4.77
4.83
4.89
4.92
4 94
4.92
4.89
4.91

4.57
4.51
4.43
4.46
4.49
4.52
4.60
4.67
4.67
4.66
4.63
4.62

4 70
4 70
4.67
4 63
4 58
4.59
4 63
4 64
4.61
4 57
4.55
4.52

4 42
4 42
4.39
4 33
4 28
4.28
4 34
4 35
4.32
4 28
4.25
4.24

4 55
4 56
4.53
4 49
4 43
4.44
4 49
4 49
4.46
4 41
4.40
4.38

4 74
4 74
4.71
4 66
4 62
4.62
4 65
4 66
4.62
4 61
4.59
4.54

5.08
5 07
5.04
5 02
5 00
5.02
5 05
5 06
5.03
4 99
4.96
4.92

4.57
4 57
4.52
4 46
4.42
4.45
4 52
4.51
4.45
4.40
4.39
4.40

4.92
4.90
4.88
4 86
4.83
4.86
4.90
4.90
4.88
4.85
4.83
4.76

4.61
4.62
4.60
4.56
4.50
4.47
4.48
4.50
4.49
4.46
4.42
4.41

4 18
4 16
4.16
4 20
4 21
4 22
4 25
4 26
4 30
4 31
4.31
4 35

4 49
4 4
4.47
4 47
4 48
4 47
4 49
4 50
4 52
4 52
4.54
4 55

4 21
4 19
4.19
4 21
4 22
4 23
4 26
4 29
4 31
4 32
4.33
4 35

4 37
4 36
4.34
4.35
4 36
4 36
4 39
4 40
4 41
4 43
4.44
4 46

4.48
4 46
4.45
4.46
4 46
4.45
4 47
4.48
4 50
4.51
4.54
4 54

4.91
4 89
4.88
4.87
4.85
4.84
4 84
4.83
4 84
4.83
4.84
4 85

4.38
4.37
4.38
4.40
4.40
4.40
4.43
4.45
4.46
4.47
4.47
4.48

4.72
4.69
4.65
4.63
4.63
4.61
4.62
4.63
4.65
4.66
4.68
4.68

4.38
4.37
4.38
4.39
4.39
4.40
4.42
4.42
4.44
4.44
4.45
4.49

3 56
3 54
3.57
3 52
3.54
3 54
3 54
3 54
3 57
3 58
3 52
3 51

4 36
4 33
4.36
4 41
4.40
4 38
4 36
4 35
4 37
4 37
4 36
4 36

4 57
4 55
4.56
4 58
4.59
4 59
4 58
4 57
4 57
4 57
4 58
4 58

4 37
4 36
4.38
4 40
4.41
4 41
4 40
4 41
4 42
4 42
4 43
4 44

4 49
4 46
4.47
4 49
4.50
4 51
4 50
4 49
4 48
4.49
4 49
4 50

4 56
4.56
4.56
4 59
4.60
4 60
4.58
4 57
4 55
4.55
4 57
4.58

4.83
4.83
4.83
4.85
4.85
4.85
4.83
4 82
4.82
4.81
4 81
4.81

4.50
4.48
4.49
4.53
4.54
4.54
4.52
4.52
4.52
4.53
4.53
4.54

4.68
4.67
4.67
4.69
4.69
4.70
4.68
4.65
4.65
4.66
4.67
4.68

4.51
4.51
4.51
4.53
4.53
4.55
4.54
4.54
4.53
4.52
4.53
4.54

3
3
3
3
3
3
3
3
3
3
3
3

4 34
4 34
4 36
4 38
4 40
4 44
4 46
4 50
4 55
4 56
4 59
4 69

4 57
4 55
4 56
4 56
4 57
4 60
4 64
4 65
4 69
4 72
4 75
4 84

4 43
4.41
4 42
4 43
4 44
4 46
4 48
4 49
4 52
4.56
4 60
4 68

4 48
4.46
4 48
4.48
4 49
4 52
4.56
4 95
4 63
4.66
4 69
4.80

4 57
4.54
4 54
4.54
4 55
4 58
4.62
4 65
4 69
4.71
4 75
4.85

4.80
4.78
4.78
4.80
4 81
4.85
4.88
4 88
4.91
4.93
4 95
5.02

4.53
4.52
4.52
4.54
4.55
4.59
4.62
4 63
4.65
4.67
4 71
4.79

4.66
4.62
4.63
4.64
4.64
4.66
4.71
4.73
4.77
4.81
4.83
4.91

4.52
4.51
4.51
4.51
4.53
4.56
4.58
4.60
4.64
4.67
4.71
4.82

44
42
51
51
51
54
56
55
61
65
70
78

1(\

i
W
O

12.12

BOND YIELDS, BY TYPE OF SECURITY^Continued


w

A. ANNUALLY AND MONTHLY, 1941-70Continued


[Per cent per annum]
Corporate bonds

Government bonds
j

Moody's

State and local

United
States
(longterm)

Month

Standard
and
Poor's
AAA

Moody's

Stand- "
ard
and
Poor's

Total

4.43
4.61
4.63
4.55
4.57
4.63
4.74
4.80
4.79
4,70
4.74
4.65

3.52
3.63
3.72
3.59
3.68
3.77
3.94
4.17
4.11
3.97
3.93
3.83

1967Jan
Feb
Mar.
, .
Apr
May
.. .
June
July
Aug
Sept.
Oct
Nov,
Dec. . .

4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.18
5.44
5.36

1968Jan
Feb.
Mar..
Apr,
May
June
July.
Aug.
Sept
Oct.
Nov
Dec.

5.18
5.16
5.39
5.28
5.40
5.23
5.09
5.04
5.09
5.24
5.36
5.65

Aaa

Aa

3.56
3.66
3.78
3.68
3.76
3.84
4.01
4.16
4.18
4.09
4.01
4.01

3.40
3.48
3.55
3.46
3 = 53
3.60
3.77
3.91
3.93
3.82
3.7B
3.79

3.47
3.56
3.66
3.55
3.63
3.70
3.87
4.01
4.02
3.9!
3.87
3.90

3.58
3.56 j
3,60 f
3.66
3.92
3.99
4.05 !
4.03
4.15
4.31
4.36
4.49

3.74
3.62
3.63
3.67
3.94
4.02
4.11
4.06
4.14
4.25
4.32
4.42

3.50
3.38
3.47
3.50
3.71
3.80
3.86
3.78
3.81
3,88
3,99
4.15

3.64
3.49
3.52
3.57
3.81
3.90
3.95
3.91
3.99
4.07
4.17
4.30

4.34
4.39
4.56
4.41
4.56
4.56
4.36
4 31
4.47
4.56
4.68'
4.91

4.31
4.2H
4.54
4.44
4.59
4.59
4.54
4 29
4.45
4.49
4.60
4.76

4.06
4.01
4.28
4.13
4.28
4.21
4.12
4.00
4.23
4.21
4.33
4.50

4.15
4.07
4.40
4.29
4.45
4.3S
4.24
4.11
4.28
4.33
4.45
4.57

Baa

By rating

By gorup

Total

Railroad

Public
utility

Baa

Industrial ,

4.91
4.96
5.12
5.18
5.17
5.29
5.36
5.48
5.69
5.67
5.65
5.69

5.06
5.12
' 5.32
5.41
5.48
5.58
5.68
5.83
6.09
6.10
6.13
6.18

4.84
4.91
5.06
5.09
5.12
5.25
5.33
5.49
5.71
5.63
5.59
5.63

4.97
5.02
5. IS
5.19
5.20
5.26
5.37
5.48
5.65
5.67
5.72
5.78

4.85
4.90
5.08
5.21
5.23
5.32
5.39
5.54
5.78
5.72
5.64
5.65

5.30
5.18
5.23
5.26 [
5.42 1
5.63 ,
5.72 i
5.76
5.S7
6.01
6.23 j
6.35 i

5.53
5.38
5.49
5.46
5.60
5.77
5.88
5.94
6.06
6.19
6.43
6.58

5.97
5.82
5.85
5.83
5.96
6.15
6.26
6.33
6.40
6.52
6.72
6.93

5.45
5.33
5.39
5.37
5.46
5.64
5.79
5.84
5.93
6.05
6.28
6.39

5.63
5.48
5.51
5.51
5.62
5.80
5.88
5.94
6.03
6.24
6.42
6.63

5.42
5.25
5.37
5.37
5.59
5.80
5.91
5.96
6.02
6.12
6.39
6.57

6.29 I
6.27
6.28
6*. 38
6.48
6.50 i
6.45 '
6.25
6.23 ;i
6.32
6.45 ';
6.66

6.48 1
6.41 '
6.43
6.57
6.62
6.65
6,60
6.38 .
6.39 i
6.47

6.84
6. BO
6.85
6.97
7.03
7.07 I
6.98
6.B2
6.79
6.84
7.01
7.23 ;

6.34
6.31
6.33 I
6.42 '!
6.49
6.54
6.50
6.26 ;
6.24
6.35 "
6.47
6.72

6.65 '
6.65
6,67
6.79
6.87 !
6.88 ;
6.82
6.72
6.70 J:
6.72
6.78
6.97 ;

6.47
6.36
6.39
6.54
6.60
6.60
6.53
6.30
6.27
6.39
6.5H
6.85

6.73 "
6.77 1
6.95
7.02
6.%
7.12
7.24
7.23
7.36
7.53
7.58
7.93

6.93 1
6.97
7.13
7.21
7.12 !
7.2H .'
7.40
7.41
7.36
7.79
7.84
B.21 .

7.32
7.30
7.51
7.54
7.52
7,70
7.84
7.S6
8.05
8.22
8.25
8.65

6, in
6.H2
7.02
7.07
6.99
7.16
7.29
7,29
7.42
7.59
7.61
7.95

!
6.98 :'
6.98 7.16 1
7.25
7,27
7.37
7.50
7 s?
7.68 ,:
7.76
7.83
8.16

7.02
7,05
7.23
7.26
7.15
7.38
7,49
7 /H>
7^62
7.91
7.94
8.39

Aaa

Aa

4.89
4.94
5.10
5.16
5.18
5.28
5.36
5.50
5.71
5.67
5.65
5.69

4.74
4.78 i
4.92
4.96
4.98
5.07 |
5.16
5.31
5.49
5.41
5.35
5,39

4.83
4.90
5.05
5.10
5.10
5.16
5.25
5.38
5.58
5.50
5.46
5.48

5.50
5.35
5.43
5.42
5,56
5.75
5.86
5.91
6.00
6.14
6.36
6.51

5.20
5.03
5.13
5.11
5.24
5.44
5.58
5.62
5.65
5.82
6.07
6.19
6.17
6.10
6.11
6.21
6.27
6.28
6.24
6.02
5.97
6.09
6.19
6.45

GO

196Jan
Feb.
Mar
Apr
May
June
July
Aug...
Sept.
Oct
Nov
Dec.

1969Jan. . .
Feb.
. .
Mar
Apr.
May
June. , .
J u l y . . . ...
Aug,
Sept. .
Oct. ...
Nov. . .
Dee

Digitized for FRASER


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

. .

5.74
5.86
6.05
5. 84
5,85
6,06
6.07
6.02
6.32
6.77
6.51
6.81

;!
1
.

4.95
5.10
5.34
5-29
5.47
5. 83
5.84
6.07
6.35
6.21
6.37
6.91

'
,
!,
i
,

;
:

I
5

;
S
l
'i
i
'
!

'
!
i
;

4.89
5.02
5.25
5.24
5.39
5.78
5.80
5.98
6.21
g.12
6.25
6.H4

4.58
4.74
4.97
5.00
5.19
5.58
5.61
5.74
5,83
3.&0
5.88
6.50

4.69
4.83
5.10
5.11
5.29
5.70
5.70
5.86
6.07
i.96
6. 08
6.61

!
'

!:

3.60
3.68
3.79
3.67
3.76
3.88
4.10
4.27
4.32
4.20
4.03
4.07

3.79
3.93
4.U
4.06
4.13
4.16
4.31
4.46
4.48
4.42
4.33
4.29

4.74
4.83
4.96
4.99
4.99
5.04
5.13
5.30
5.44
5.36
5.35
5.40

3.80
3.68
3.67
3.72
4.02
4.08
4.19
4.18
4,28
4.41
4.47
4.52

4.04
3.90
3.85
3.90
4.23
4.31
4.43
4.37
4.48
4.64
4.66
4.73

5.14
5.09
5.17
5.18
5.37
5.52
5.59
5.65
5.69
5.84
6.01

4.37
4.33
4.58
4.49
4.68
4.72
4.54
4.32
4 . 50

4.66 !
4.69
4.89
4.H4 1
4.96
5.06
4.91
4.72
4.78 ,
4.89
4.98
5.18

5.97 i
5.94 i
6.00
6.08
6.16
6.14
6.09
5.H7
5.84 :,
5.99
6.12
6.42

6.45
6.40
6.42
6.53
6.60
6.63
6.57
6.31

6.48
6.52 11
6.64 i

6.75
6.73 ;
6.89 :
6.98 '
6.98
7 in
7.19
7.29
7.65

6.89
6.93
7.11
7,17

4.52

'

4.65
4. SO

i
'
.

4.98
5.09
5.31
5.29
5.43
5.10 !
5,83
6,(H
6.34
6.27
6.43
7.04

5.34 l
5.43 ;
5.61 i
5.57 :
5.63
6.W ::

6.m

6.28 !'
6. 58 i,
6.45 '
6.60
7.23

6.35

6.43
6.56
6.80

7.10

7,27
7,39
7,37
7 51
7^72
7,76
8.13

6.59
6.66
6. 85
6.89
6,79
6.98
7.08
6.97
7 33
7.35
7.72

!
i
j

I
:
!
S

6.59

6.85

i
;

i(1

GO

1970Jan. . .
Feb
Mar
Apr.
May.'
June

6.86
6,44
6.39
6 53
6,94
6.99

T,,K,

C. <1

Aug.
Sept
Oct
Nov..
Dec. . .

6 75
6 63
6.59
6 24
5 97

Digitized for FRASER


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

6 80
6 57
6.14
6 55
7 02
7.06
6.69
6 33
6 45
6.55
6 20
5 71

6 74
6 47
6 08
6 50
7 00
7 12

6 38
6 19
5 81
6 24
6 70
6 81

A(\

6 27
6 18
6 38
6 04
5 49

5 96
5 90
6 07
5 79
5 21

6 60
6 34
5*95
6 35
6 88
7 04
6***
6 13
6 09
6 18
5 94
5 33

6 88
6 56
6 11
6 56
7 09
7 21
< 7

6 35
6 25
6 51
6 11
5 60

7 13
6 80
6 40
6 87
7 33
7 41
7 n?
6 65
6 49
6 76
6 33
5 80

7 75
7 72
7 67
7 66
7 90
8 14
a'ot
8 05
7 94
7 88
7 79
7 41

8 32
8 29
8 18
8 20
8 46
8 77
s as
8 73
8 68
8 63
8 65
8 35

7 91
7 93
7 84
7 3
8 11
S 48

8 15
8 13
8 06
8 03
8 24
8 58

9. 4d

A 64

8 13
8 09
8 03
8 05
7 64

8 49
8 47
8 44
8 42
8 13

8 35
8 31
8 17
8 22
8 49
8 76
8 92
8 85
8 78
8 71
8 74
8 48

8 86
8 78
8 63
8 70
8 98
9 25
9.40
9 44
9 39
9 33
9 38
9 12

8 15
8 11
7 98
8 00
8 19
8.55
8.61
8 44
8 40
8.35
8 37
7 95

8 38
8 39
8 33
8 34
8 59
8 76
9.11
9 19
9,10
9.06
9 06
8 96

8.54
8.47
8.34
8 37
8.72
9.06
9.01
8.83
8.80
8,74
8 77
8.45

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-7&
[Per cent per annum]
Government bonds \

Week ending

1941Jan. 4
11
18
25

Feb. 1
8.
15
22
Mar. 1
g
15
22
29
N>

oo

Digitized for FRASER


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

Apr 5
12
19
26

. .

. .

. .

May 3
10.
17
24
31

July 5
12
19
26

....
. ..
...

Aug. 2
9
16.....
23
30..
Sept 6
13
20
27
Oet 4
11.
18
25

... .
.. .
. .

.....
. .

...........

Moody's
Standard
and
Poor's
AAA

By group

By r ating

Total
Aaa

Aa

Baa

Industrial

Railroad

Public
utility

2.04
2.09
2.11
2.15

2.06
2.17
2.14
2.17

; 2.88
; 2.87
! 2.86
2.86

3.36
3.37
3.36
3.36

2.72
2.75
2.74
2.76

2.91
2.94
2.95
2.96

3.36
3.37
3.36
3.36

4.43
4.41
4.38
4.37

2.92
2.95
2.96
2.97

4.00
3.99
3.96
3.95

3.14
3.16
3.16
3.17

2.17
2.21
2.23
2.24

2.15
2.21
2.22
2.32

! 2.88
2.87
2.89
i; 2.88

3.36
3.38
3.39
3.42

2.76
2.76
2.76
2.79

2.96
2.98
2.99
3.02

3.36
3.38
3.37
3.39

4.36
4.40
i 4.41
4.46

2.97
2.99
2.99
3.02

3.94
3.97
3.98
4.03

3.17
3.18
3.19
3.20

2.18
2.17
2.11
2.08
2.10

2.32
2.31
2.31
2.26
2.22

2.89
2.89
2.88
2.91
2.93

3.41
3.39
3.38
3.38
3.40

2.79
2.78
2.78
2.78
2.83

3.01
3.00
3.00
2.99
3.04

3.38
3.37
3.36
3.36
3.38

4.44
4.4t
4.39
-4.36
4.35

3.02
3.01
! 3.00
2.99
1 3.05

4.02
4.00
3.98
3.97
3.97

3.18
3.17
3.17
3.16
3.18

2.23
2.22
2.21
2. IS

2.92
2.93
2.91
2.90

3.39
3.40
3.41
3.39

2.82
2.82
2.83
2.82

3.05
3.04
3.05
3.02

3.38
3.38
3.39
' 3.37

4.33
4.34
4.35
4.34

3.06
'3.06
3.07
3.05

3.95
3.96
3.97
3.97

3.17
3.17
3.17
3.15

2.02
2.04
2.04
2.06
2.02

2.18
2.17
2.14
2.12
2.11

2.88
2.89
2.87
2.88
2.87

3.38
3.37
3.36
, 3.37
i 3.37

2.81
2.81
2.82
2.82
2.82

3.01
3.00
2.99
2.99
2.99

!1

3.36
3.34
3.34
3.34
3.33

4.32
4.31
4.31
i 4.32
4.33

3.04
3.02
3.02
3.02
3.01

3.95
3.94
3.94
3.95
j 3.96

3.14
3.14
3.13
3.13
3.13

2.03
2.02
2.02
1.99

2.08
2.08
2.08
2.07

2.86
2.86
2.85
2.83

3.36
3.35
3.33
3.32

2.81
2.78
2.77
2.75

2.98
2.96
2.94
2.92

3.33
3.32
3.31
3.29

! 3.01
! 2.97
2.96
2.93

3.96
3.95
3.95
3.94

3.12
3.11
3.09
3.08

1.98
1.99
1.99
1.98

2.05
2.03
2.04
2.03

2.83
2.82
2.82
2.82

3.31
3.30
3.30
3.29

2.75
2.74
2.74
2.74

2.92
2.91
2.90
2.90

3.28
3.27
3.26
! 3.25

4.33
4.32
4.31
4 29
4,10
4.29
4.28
4.27

2.92
2.91
2.90
; 2.90

3.94
3.94
3.93
3.92

3.08
3.08
3.07
3.06

1.97
2.01
2.04
2.02
2.00

2.00
1.98
2.01
2.01
2.01

2.80
2.81
2.81
2.79
2.79

3.29
3.28
3.29
3.30
3.29

2.74
2.74
2.75
2.75
2.74

2.89
2.89
2.90
2.91
2.91

3.25
3.25
3.25
3.24
3.24

4.27
4.26
4.27
, 4.29
4.28

2.90
2.89
2.90
2.90
2.89

3.91
3.90
3.92
3.93
3.93

1.99
2.01
2.03
2.03

2.00
.99
.99
.99

2.79
2.79
2.79
2.78

3.29
3.29
3.30
3.31

2.74
2.74
2.75
2.75

2.91
2.91
2.92
2.91

3.23
3.24
3.24
3.24

4.27
4.28
4.30
4.33

. 2.88
2.89
2.89
2M

3.93
3.93
3.95
3.97

3.06
3.07
3.07
3.07

2.01
2.00
2.00
2.35

.96
.92
.90
.90

2.77
2.77
2.76
2.76

3.29
3.28
3.28
3.28

2.74
2.73
2.73
2.73

2.89
2.88
2.88
2.88

3.23
3.21
3.21
3.21

4.31
4.27
4.28
4.28

2.87
2.85
2.85
2.85

3.95
3.93
3.93
3.92

3.06
3.05
3.05
3.06

2.12
2.13
2.08
2.02
..

June 7
14
21
28

State
and
local
(Standard
and
Poor's)

United
States
(longterm)

Corporate bonds

Digitized for FRASER


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

89
89
90
89
90

2 76
2 76
2 75
2 75
2 76

3 27
3 26
3 27
3 27
3 27

2 73
2 72
2 72
2 72
2 72

2.40
2 50
2.50
2 50

1 91
2 3g
2 29
2 32

2 84
2 85
2 87
2 86

2 50
249
2 49
2 47
2 47

2 37
2 37
2 29
2 28
2 37

2 86
2 84
2 86
2 85
2 86

3 27
3 35
3 37
3 38
3 39
3 35
3 34
3 34
3 34

Feb 7
14
21
28

2 47
2 48
2 48
2 48

2 49
2 51
2 63
2 58

2 85
2 85
2 87
2 88

Mar 7
14
21
28

2 48
2 47
2 46
2 43

2 59
2 60
2 59
2 52

Apr 4
11
18
25

2 43
2 43
2 44
2 46

May 2
9
16
23
30

June 6
13
20
27

Nov 1
8
15
22
29

2 34
2 33
2 33
2 35
2 35

Dec 6
13
20
27

2 86
2 86
2 86
2 86
2 87

3 20
3 19
3 19
3 19
319

4 28
4 26
4 28
4 29
4 29

2 85
2 84
2 84
2 85
2 85

3 92
1 on
3 91
3 91

3 05
3 04
3 04
3 04
3*04

2 72
2 79
2 81
2 84

2 88
2 96
2 96
2 97

3 19
3 26
3 28
3 31

2 85
2 95
2 95
2 97

3 92
3 99
4 01
4 02

3 04
311
3 14
3 16

2 86
2 83
2 83
2 83
2 84

2 98
2 96
2 96
2 96
2 96

3 32
3 30
3 30
3 30
3 29

4 28
4 39
4 40
4 41
4 4|
4 31
4 28
4 28
4 27

2 99
2 97

4 02
3 95
3 92

3
3
3
3
3

3 35
3 35
3 36
3 37

2 84
2 84
2
85
17
86

2 97
2 97
2 98
2 99

3 29
3 28
3 29
3 30

2 88
2 88
2 89
2 87

3 37
3 38
3 38
3 36

2 87
2 87
2 g?
2 85

3 00
3 01
3 01
2 99

3 31
3 32
3 33
3 31

4 28
4 29
4 30
4 30
4 30
4 31
4 32
4 29

2 49
2 43
2 43
2 41

2 85
2 85
2 84
2 85

3 35
3 34
3 3'4
3 34

2 84
2 83
2 83
2 83

2 97
2 97
2 97
2 98

3 30
3 30
3 30
3 30

2 47
2 47
2.46
2 44
2 44

2 46
2 46
2 45
2 45
2 43

2 86
2 85
2 85
2 86
2 86

3 36
3 35
3 36
3 36
3 37

2 84
2 84
2 85
2 85
2 85

3 00
3 00
3 00
3 00
3 01

2 43
2 43
2 43
2 44

2 43
2 39
2 35
2 35

2 87
2 87
2 86
2 86

3 38
3 38
3 37
3 37

2 85
2 8*6
2 84
2 84

2 44
2 46
2 46
2 46

2 35
2 35
2 33
2 30

2 85
2 85
2 84
2 84

3 37
3 36
3 35
3 35

Aug 1
8
15
22
29

2 46
2 48
2 48
2 47
2 46

2 29
2 28
2 28
2 28
2 26

2 85
2 85
2 85
2 84
2 84

Sept 5
12
19
26

2 26
2 25
2 24
2 24

Oct 3
10
17
24
31

I
2 46
245
244
246

Nov 7
14
21
28

2.46
2 46
2.47
2 48

2 49
249
249
2 49

1942 Jan 3
10
17
24
31

July 4
11
18
25

Dec 5
12
19
26

..

. . .
. . . .

....

1*Q?

TT

1 O7

16
13
13
13
14

2 97
2 98
2 99

3 92
3 93
3 93
3 95
3 95

2 99
3 01
3 01
3 00

3 95
3 95
3 95
3 94

3 14
3 13
3 14
3 16
3 17
318
3 19
3 16

4 26
4 25
4 26
4 26

2 96
2 95
2 96
2 96

3 93
3 93
3 94
3 95

3
3
3
3

3 31
T

4 28
4 26
4 27
4 28
4 29

2 97
2 97
2 97
2 98
2 98

3 97
3 96
3 97
3 98
4 00

3 01
3 01
3 01
3 oi

i
331
3 30
3 30

4 31
4 33
4 33
4 34

2 98
2 99
2 97
2 96

4 02
4 02
4 03
4 04

2 83
2 83
2 83
2 83

3 00
3 00
2 99
3 00

3 29
3 29
3 28
3 27

4 33
4 31
4 30
4 30

2 96
2 95
2 94
2 94

4 03
4 02
4 02
4 02

3 14
3 13
3 13
3 13
3 12
3 13
3 12
3 12
3 12
3 11
3 jo
3 09
t

3 34
3 34
3 34
3 34
3 33

2 82
2 82
281
2 81
2 80

2 99
t

4 29
4 29
4 28
4 28
4 27

2 94
2 94
2 94
2 95
2 95

4 01
4 00
3 99
3 98
3 97

|
3 09
3 08

2 85
2 84
2 84
2 84

3 33
3 33
3 33
3 32

2 81
2 81
2 80
t

3 27
3 27
3 26
3 27
3 27
|
3 27
2 99
3 26
2 98
3 25
3 25
2 97

427
4 26
4 27
4 27

2 95
2 95
2 96
2 96

3 97
3 96
3 96
3 94

3 08
3 08
3 07
3 08

2 26
2 25
2 23
2 20

2 82
2 84
2 85
2 84
2 85

3 32
3 31
3 30
3 31
3 31

2 96
2 95
2 95
2 95
2 95

3 25
3 24
3 24
3 24
3 25

4 26
4 25
4 23
4 24
4 24

2 94
2 94
2 93
2 93
2 94

3 93
3 92
3 91
3 92
3 92

3 08
3 07
3 07
3 07
3 07

3.30
3 30
3.31
3 31

280
2 79
2.80
2 80

2 20

2 84
2 84
2 85
2 85

2 94
2 94
2 94
2 95

3 24
3 24
3 24
3 23

4 23
4 23
4 24
4 26

2 94
2 93
2 92
2 92

3 92
3 93
3 94
3 95

3 06
3 06
3 06
3 06

2 22
2 25
2*28
2 28

2 86
2 85
2 87
2 86

3 32
3 33
3.33
3 32

2 81
2 81 i
2 82
2 81

2 96
2 96
2 96
2 96

3 23
3 23
3 23
3 23

4 28
4 29
4 29
4 26

2 94
2 94
2 94
2 94

3 96
3 97
3 97
3 95

3 07
3 07
3 08
3 07

14
13
13
13

o
2
w
m
oo

u
oo
W

n
G
W
oo

oo

Digitized for FRASER


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

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]
Government bonds

Week ending

1943_jan

United
States
(longterm)

2
9
16
23
30

2.48
2.46
t1

Feb 6
13
20
27

Mar. 6
13
20
27

2.46
2.47
2.47
2.47
2.48

. . . .

Corporate bonds
Moody's

State
and
local
(Standard
and
Poor's)

Standard
and
Poor's
AAA

2.28
2.28
2.28
2.26
2.26

2.86
2.86
2.84
2.84
2.83

2.24
2.23
2.21
2.20

2.82
2.82
2.82
2.82

2.21
2.22
2.22
2.7.1

2,S3

'.

By rating

By group

Total
Aaa

Aa

Baa

Industrial

Railroad

Public
utility

3.32
3.31
3.28
3.27
3.25

2.81
2.81
2.80
2.79
2.78

2.96
2.95
2.93
2.92
2.91

3.23
3.22
3.21
3.20
3.18

4.26
4.23
4.17
4.14
4.11

2.93
2.92
2.91
2.90
2.88

3.94
3.92
3.88
3.85
3.82

3.07
3.07
3.06
3.05
3.04

3.23
3.23

2.77

2.90
2.89
2.89
2.88

3.17
3.17
3.16
3.16

4.09
4.09
4.07
4.06

3.80
3.80
3.78
3.76

3.03
3.02
3.01
3.01

3.16
3.15
3.14
t

4.02
4.02
4.02
4.01

2.88
2.87
2.87

3.74
3.74
3.73
3.72

3.01
3.01
3.00
3.00

3.97
3.95
3.98
3.97

2.87
2.86
2.87
2.86

3.70
3.68
3.70
3.69

3.00
3.00
3.01
3.01

IS
3.2,
3.21
3.20
3.20

2.77
2.76

2.89
2.88
2.88
2.88

2.21
2.21
2.21
2.19

2.83
2.82

3.19
3.18
3.19
3.19

2.76

2.88
2.88
2.89
2.88

2.48
2.47
2.46
2.46
2.45

2.17
2.14
2.14
2.12
2.10

2.82
2.82
2.82
2.81
2.80

3.18
3.18
3.17
3.16
3.16

2.75
2.75
2.75
2.74
2.74

2.88
2.88
2.88
2.87
2.86

3.1 4
3.13
3.12

3.95
3.93
3.91
3.91
3.90

2.87
2.86
2.86
2.86
2.86

3.68
3.66
3.65
3.63
3.62

3.01
3.01
3.00
3.00
2.99

2.45
2.45
2.45
2.45

2.09
2.09
2.07
2.05

2.80
2.80
2.80
2.79

3.15
3.15
3.14
3.14

2.73
2.73
2.72
2.72

2.86
2.85
2.85
2.84

3.12
3.11
3.11
3.11

3.89
3.89
3.89
3.88

2.86
2.85
2.83
2.83

3.61
3.62
3,61
3.61

2.99
2.98
2.98
2.98

2.46
2.45
2.45
2.46
2.46

2.04
2.03
1.97
1.96
1.92

XT.
2.77
2.77
2.77
2.76

3,3
3.12
3,11
3.10
3.10

2.71
2.70
2.69

2.84
2.83
2.82
2.81
2.80

3.10
3.10
3.10
3.09
3.09

3.86
3.84
3.81
3.80
3.80

2.82
2.81
2JO
2.79

3.60
3.59
3.57
3,55
3.55

2.97
2.96
2.95
2.95
2.95

Aug 7
[4
21
28

2.46
2.46
2.47
2.47

1.91
1.91
1.91
1.91

2.77
2.77
2.76
2.77

3.10
3.10
3. JO
3.11

2.80
2.81
2.81
2.82

3.09
3.08
3.08
3.09

3.81
3.81
3.81
3.82

2.79

3.56
3.55
3,55
3.56

2.95
2.95
2.96
2.96

Sept 4
11
18
25

2.48
2.48
2.48
2.48

1.93
1.92
1.92
1.92

3.10
3.11
3.11
3.12

2.69
2.70

2.81
2.82
2.82
2.S3

3.08
3.09
3.10
3.11

3.82
3.82
3.82
3.83

2.80
2.80
2.81
2.83

2.96
2.96
2.96
2.97

2.48
2.47
2.48
2.48
2.48

1.92

3.12
3.12
3.12
3.11
3.11

2.71
2.70
2.70
2.70
2.70

2.83
2.83
2.83
2.83
2.82

3.10
3.10
3.11
3.10
3.10

3.83
3.83
3.82
3.81
3.81

2.8"

2.97
2.96
2.96
2.96
2.96

Apr. 3
10
17
24
May 1
15
22,...
29

June 5
12
19
26
July 3 . . .
10
17
24
31...

Get

2
9 ..
16
23
30.

. . . . . . . . . . .

. .
,

i.9i

1.89
1.86
1.86

2.77
2.78
2.79

2.83
2.82
2.82
2.82

3.56
3.55
3.55

Digitized for FRASER


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

2 48
2 48
2 49
2 48

1.86
1.88
1 90
1 95

2 79
2.79
2 80
2 82

3 11
3.13
3 13
3 13

2 69
2.71
2 71
2 72

2 82
2.84
2 84
2 86

3 10
3.11
3 11
3 12

3 82
3.84
3 84
3 83

2 81
284
2 85
2 86

3 55
3 56
3 56
3 56

2 97
2 98
2 98
2 99

*> 49
t

?.QO
202
2 01
2 00

*> 3
2 83
2 84
2 83

^ is
3 15
3 14
3 14

9 Id

3 R8
2 87
2 87
2 86

"* M

3 84

274
2 74
2 74

3 13
3 13
3 12

3 84
3 83
3 81

7 87
2 87
2 86
2 85

T 57
3 57
3 57
3 56

1 00
3 00
3 00
3 00

1944 Jan. 1
g
15
22
29

I 98
1 96
94
90
88

2 83
2 81
2 80
2 80
2 81

3 13
3 12
3 11
3 10
3 11

2 74
2 73
2 71
2 72
2 73

2.84
2 84
2 83
2 83
2.84

3 12
3 12
3 11
3 10
3 11

3 81
3 80
3 78
3 75
3 74

2 84
2 84
2 84
2 82
2 83

3 55
3 54
3 51
3 50 i
3 49

2 99
2 98
2 98
2 99
2 99

Feb. 5
12
19
26

86
85
.85
85

3 10
.

2 74
2 73
2.74
2 74

2.84
2 84
2.83
2 83

3 10
3 10
3 11
3 10

3 73
3 72
3 72
3 73

2 83
2 82
2 83
2 83

3 50
3 49
3 49
3 49

2 99
2 98
298
2 98

84
84
84
.84

2 81
2 80
2 80
2.79

1
3 10
3.09

2 74
2 74
2 74
2.73

2 83
2 83
2 83
2.82

3 10
3 10
3 10
3 09

3 72
3 71
3 71
3.70

2 84
2 83
2 83
2.83

3 49
3 48
3 48
3.47

2 98
2 97
2 97
2.96

83
83
.84
.86
88

2 79
2 79
2.78
2 78
2 78

3 09
3 09
3.08
3 08
3 08

2 74
2 74
2.74
2 74
2 73

2 83
2.83
2.82
2.82
2 82

3 10
3 09
3.09
3 08
3 09

3 70
3 70
3.68
3.68
3 67

2 84
2 84
2.83
2.83
2 83

3 47
3 47
3.45
3 44
3 44

2 97

88
.87
86
.85

2 78
2.77
2 77
2.77

3 08
3.07
3 06
3.05

2 73
2.73
2 73
2.72

2 82
2.82
2.81
2.81

3 08
3.08
3 07
3.07

3 66
3.65
3 64
3.61

2 83
2.82
2.82
2.80

3 43
3.42
3 41
3.40

2.97
296
2.96

June 3
10
17
24

85
.86
.87
.87

2 76
2.78
2 78
2.79

3 05
3.05
3 05
3.05

2 72
2.73
2 73
2.73

2 81
2.82
2.82
2.81

3 07
3.07
3 07
3.06

3 60
3.60
3 60
3.59

2 80
2.80
2.79
2.78

3 40
3.40
3 40
3.39

296
2.97
297
2.97

July 1
8
15
22
29

2 79
2.78
2 78
2.77
2 78

3 04
3.04
3 04
3.03
3 04

2 72
2.72
2 72
2.72
2 72

2 81
2.80
2 80
2.80
2 81

3 06
3.05

2 49

86
.86
84
.82
82

3 58
3.57
3 57
3.57
3 56

2 78
2.78
2 78
2.78
2 80

3 39
3.38
3 37
3.37
3 36

296
2.96
2 95
2.95
2 94

Aug 5
12
19
26

2 48
2 48
2 48
2 48

82
.81
81
.82

2 78
2.77
2 77
2.77

3 03
3.03
3 03
3.02

2 71
2.72
2 72
2.72

2.80
2.80
2.79

3.05
3 04
3.04

3 55
3.55
3 55
3.55

2.79
2.80
2 79
2.79

3 35
3.34
3 34
3.34

2.95
2.95
2 95
2.94

Sept. 2
9
16
23
30

248
2 47
2.47
2 48

.82
.82
.83
.84
.84

2.76

3.03
1

2.71
2.71
2.71 i
2 72 !
2.72

3.56

2.79
2.80
2.80
2.79
2.79

3.35

2.79
2.80

3.05
3.06
3.05
3.04
3.04

2.94
2.94
2.94
2.94
2.95

3.03
3.02
3.02
3.03

2.72
2.72
2.72
2.73

2.80
2.80
2.81
2.82

3.03
3.02
3.01
3.01

3.56
3.55
3.54
3.54

2.79
2.79
2.78
2.79

3.35
3.33
3.32
3.31

2,95
2.95
2.97
2.98

Nov 6
13
20
27

..

Dec. 4
11
18
25

Mar 4
11
18
25
Apr 1
8
15
22
29

1
2 49
2 48

T
....

....

2 48
2 49

May 6
13
20
27

. . . .

.84
.87
.88

Oct. 7
14
21
28

1
1

T
I

i
2.76
2.77

Nov 4
11
18
25

2.77
2.77
2.76
2.75

3.03
3.03
3.02
3.01

2.73
2.73
2.73
2.72

2.82
2.81
2.80
2.79

3.01
3.01
3.01
3.00

3.54
3.55
3.54
3.53

2.79
2.79
2.77
2.76

3.30
3.30
3.30
3.28

2.99
2.99
2.99
2.98

Dec. 2
9
16
23
30

1.88
1.87
1.87
1.86
1.86

2.74
2.74
2.73
2.74
2.73

3.00
2.99
2.99
2.98
2.98

2.71
2.71
2.70
2.70
2.70

2.77
2.76
2.76
2.76
2.76

2.99
2.99
2.98
2.98
2.99

3.51
3.50
3.49
3.48
3.48

2.75
2.75
2.74
2.75
2.74

3.27
3.26
3.25
3.24
3.24

2.97
2.96
2.97
2.96
2.97

.
.

2.48
2.47
2.47

Digitized for FRASER


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

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]
Corporate bonds

Government bonds

Moody's

State
and
local
(Standard
and
Poor's)

Standard
and
Poor's
AAA

2.45
2.45
2.44
2.43

.85
.83
.81
.79

2.67
2.66
2.65
2.65

Feb 3
10............
17
24 . . . .

2.41
2.40
2.39
2.37

.77
.76
.75
.67

Mar 3

2.38
2.40
2.41
2.40
2.39

Week ending

United
States
(longterm)

By rating

By group

Total

IndusRailtrial |j road

Public
utility

Aaa

Aa

Baa

2.98
2.98
2.97
2.97

2.70
2.70
2.69
2.69

2.76
2.76
2.76
2.76

2.98
2.99
2.97
2.98

3,48
3.47
3.45
3.45

2.74
2.73
2.73
2.72

3.24
! 3.23
3.22
3.22

2.96
2.97
2.97
2.97

2.64
2.63
2.61
2.61

2.96
2.95
2.94
2.93

2.68
2.66
2.65
2.65

2.75
2.74
2.73
2.72

2.97
2.96
2.94
2.93

3.44
3.42
3.41
5.40

2.72
2.70
2.69
2.68

3.20
! 3.18
' 3.16
j 3.15

2.96
2.95
2.95
2.95

.65
'%
.61
.59
.60

2.60
2.59
2.59
2.59
2.58

2.92
2.91
2.91
2.91
2.91

2,63
2.62
2.62
2.61
2.60

2.72
! 2.72
2.72
2.72
2.73

2.93
2.93
2.92
2.91
2.91

3.39
3.38
3,38
3.38
3.38

T
:
:

2.68

i
|
i
i
j

3.14
3.12
3.12
3.10
3.10

2.94
2.94
2.93
2.94
2.94

2.39
2.38
2.40
2.39

.58
.58
.58
.54

2,59
2.59
2.59
2.58

2.91
2.90
2.90
2.90

2.61

2.73
2.73
2.72
2.73

2.91
2.90
2.90
2.90

3.38
3.36
3.36
3.35

2.69
2.69
2,69
2.69

3.10
! 3.08
3.07
3.06

2.94
2.93
2.94
2.94

2.39
2.40
2.39
2.38

'

.54
.54
.59
.63

2,58
2.59
2.59
2.60

2.89
2.89
2.89
2.88

2.61
2.62
2.62

2.73
2.73
2.72
2.71

2.89
2.88
2.88
2.88

3.33
3.33
3.33
3,32

2.68
2.68
2.69
2.69

3.05
3.05
3.05
3.05

2.94
2.94
2.93
2.92

.61
.59
.58
.57
.57

2.60
2.60
2.60
2.61
2.62

2.88
2.88
2.87
2.86
2.86

2.62
2.62
2.61
2.61
2.61

2.71
2.70
2.69
2.68
2.69

2.88
2.87
2.87
2.86
2.85

3.31
3.31
3.30
3.29
! 3.27

2.69
2.69
2.68
2.68
2.68

2.34
2.34
2.34
2.36

.57
.57
.57
.58

2.60
2,60
2.60
2.61

2.85
2.85
2.85
2.85

2.60
2.60
2.60
2.60

2.69
2.68
2.68
2.69

2.85
2.84
2.85
2.85

3.27
3.26
3.26
3.27

Aug 4 , , , . . .
1\
IX ,.
25

2.35
2.34
2.36
2.38

.60
.64
.71
.78

2.61
2.61
2.61
2.63

2.86
2.85
2.86
2.86

2.61
2.60
2.61
2.62

2.68
2.69
2.70
2.70

2.86
2.85
2.84
2.85

Sept 1

2.37
2.37
2.38
2.37
2.36

.78
.77
.79
.80
.81

2.62
2.62
2.61
2.64
2.64

2.86
2.85
2.86
2.86
2.85

2.62
2.62
2.62
2.63
2.62

2.70
2.69
2.70
2.71
2.71

2.85
2.84
2.85
2.86
2.85

2,36
2.35
2.34
2.34

.80

2.63
2.62

2.85
2.4
2.83
2.84

2.61
2.6i
2.62
2.62

2.71
2.70
2.69
2.69

2.85
2.84
2.83
2.84

1945 Jan 6
13
20

. . . .

...

27

10

17
24
31
Apr 7

....

14

21

28

May 5

12

19
26 . . . . . .

June 2
9
16
23

....

2.37
2.36
2.36
2.34
2.34

...

30

July 7
14
71 , < * , ,

.............

28

15 . ..
.
22 . . . . . .
29
Oct 6 . . . .
13
20 . .
27

.....

......

.78

,75
.73

|i
I 3.04
3.04
3.03
3.02
3.01

2.91
2.90
2.89
2.88
2.88

2.68
2.67
2.68
2.69

3.01
3.00
' 3.01
[ 3.01

2.88
2.87
2.87
2.86

3.27
3.26
3.27
3.28

2.69
2.69
2.68
2.69

3.01
3.01
3.02
3.03

2.86
2.86
2.86
2,87

3.26
3.25
i 3.25
: 3.24
3.24

2.68
2.67
2.67
2.67
2.66

!' 3.03
! 3.03
3.05
3.06
3.05

2.86
2.85
2.85
2.85
2.85

3.23
3.2J
3.20
3.20

2.66
2.65
2.65
2.66

i 3.05
3.04
3.03
3,02

2.85
2.84
2.83
2.83

Digitized for FRASER


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

17
16
15
14

2 65
2 65
2 65
2 64

3 01
3 00
2 99
2 98

2 82
2 82

2 80
2 go
2 80
2 80
2 79

3 13

2 64
2 64
2 64
2 64
2 63

2 99

311
3 09
3 07

2 80
0 n
8
2 80
2 79
2 78

2 78
2 76
2 73

2 62
2 60
2 57
2 56

2 93
2 91
2 89

2 71

3 05
3 03
3 02
3 00

2 88

2 76
2 74
2 72
2 69

2 70
2 70
2 69
2 69

2 98
2 96
2 94
2 94

2 55
2 54
2 54
2 54

2 86
2 84
2 82
2 82

2 68
2 67
2 65
2 64

2 56
2 54
2 54
2 54
2 53

2 70
2 69
2 69
2 69
2 68

2 94
2 94
2 94
2 95
2 95

2 55
2 54
2 54
2 55
2 54

2 83
2 82
2 81
2 80
2 79

2 46
2 46
2 46
2 48

2 54
2 54
2 55
2 58

2 68
2 67
2 68
2 71

2 94
294
2 95
2 98

2 55
2 56
2 56
2 59

2 78
2 77
2 78

2 81

2 64
2 67

2 50
251
2 51
2 51

2 58
2 58
2 59
2 58

2 73
2 72
2 73

3 00
3 01
3 02
3 03

2 61
2 61
2 61
2 60

2 83
2 82
2 84
2 84

2 68
2 69
2 70
2 70

2.58
2 59
2 59
2 59
2 59

2.51
2 50
2 49
248
2 49

2 73

2 60
2 60
2 59
2 58
2 59

2 84
2 85
2 85
2 85
2 85

2 70
2 70
2 70
2 69
2 69

2 47
2 47
2 49
2 49

2 71
2 70
2 71
2 71

2 49
2 48
249
2 49

2 59
2 58
2 59
2 59

2 72
2 71
2 72
2 72

1
3 03
3 04
3 03

2 58
2 57
2 58
2 58

2 86
2 85
2 87
2 87

2 69
2 68
2 69
2 69

63
64
64
64
67

2 50
2.50
2 51
2.51
2 51

2 72
2 72
2 73
2 73
2 73

2 50
2.50
2 51
2.51
2 51

2 61
2 61
2 62
2 62
2 63

2 74
2.74
2 74
2.74
2 75

3 03
3 03
3 04
3 04
3 03

2 59
2 58
2 59
2 58
2 58

2 88
2 89
2 89
2 90
2 90

2 70
2 70
2 70
2 70

2 27
2.29
2 30
2.28

69
74
76
81

252
2.55
2 57
2.58

2 75
2.78
2 80
2.82

2.53
2.57
2.59
2.60

2 65
2.68
2 69
2.69

2 76
2.78
2.81
2.82

3 05
3.07
3 11
3.16

2 61
2.63
2 65
2 67

2 92
2 95
2 99
3 03

2 72
2.74
2 75
2.76

2 27
2 27
2 26
2 26

87
87
85
83

2 57
2.59
2 58
2.58

2 82
2 82
2 82
2 82

2 59
2.60
2 60
2.60

2 70
2 71
2 69
2.69

2 82
2.83
2 83
2.84

3 15
3.15
3 15
3.15

2 66
2 66
2 66
2 65

3 04
3 04
3 04
3 05

2 75
2.76
2 77
2.76

2.24
2 24
2.25
2 26
2.27

77
77
77
79
.87

2.58
2 58
2.57
2 58
2.60

2.83
2 82
2.82
2 83
2.84

2.60
2 59
2.59
2.59
2.60

2.69
2 69
2.69
2 70
2.70

2.85
2.84
2.83
2.84
2.85

3.16
3.15
3.15
3.17
3.19

2.66
2 65
2.65
2 66
2.67

3 06
3 04
3.04
3 05
3.07

2.77
2.77
2.77
2 77
2.77

2 27
2 25
2 23
2.22

93
96
2 00
1 99

2 60
2.61
2 60
2.59

2 84
2.83
2 83
2.82

261
2.62
261
2.60

2 70
2.70
2 69
2.68

2 85
2.83
2.83
2.82

3 19
3.17
3.17
3.16

2 67
2.67
267
2.66

3 07
3 04
3 04
3 03

Nov. 3
10
17
24

2 35
2 33
2 33
2 33

72
71
70
69

1
262
2 60

2 83
2 82
2 82
2 81

2 61
2 62
2 62
2 61

2 69
2 68
2 68
2 67

2 84
2 82

1
8
15
22
29

2 33
2 32
2 34
2 34
2 32

69
67
64
63
63

260
2 6i
260
2 59
2 58

2 81
2 8i
2 80
2 79
2 79

2 61
2 62
2 62
2 61
2 60

2 68
2 63
2 68
2 68
2 67

2 29
2 23
2 19
2 18

62
61
56
53

2.57
2 54
2.52
2 49

2 77
2 75
2 73
2 71

2 58
2 57
2 54
2 52

2 66
2 64
2 61
2 60

Feb. 2

2 17

16

2 14
2 10
2 10

52
49
48
49

2 48
2 48
2 46
2 46

2 69
2 68
2 67
2 67

2 50
2 49
2 48
2 48

2 59
2 57
2 56
2 56

30

2 10
2 10
2 09
2 09
2 08

49
49
49
49
48

2 45
2.45
244
2.44
2 44

2 67
2 66
2 66
2 66
2 66

2 48
248
2 47
2 47
2 46

Apr 6
13
20
27

2 04
2 03
2 08
2 14

44
44
44
49

243
2.43
2 43
2.47

2 66
2 65
2 66
2 69

May 4
11

2 18
2 19
2 20
2 19

56
53
54
54

2 50
2.49
2 50
2.48

2 70
2 71

2 18
2 17
2 15
2 15
2 16

55
55
55
55
56

2.49
2.47
2 47
2.46
2 47

2 15
2 15
2 20
2 20

58
59
60
62

2 23
2 22
2 22
2 23
2 25

Sept 7
14
21
28
Oct 5
12. ..

Dec.

1946 Jan. 5
12
19
26. ...

..
.

23
Mar 2
9

16
23

18
25

June 1
8

15
22
29

..

July 6

13
20

27
Aug 3
10

17
24
31

19
26

Nov. 2

9
16
23
30

Dec 7
14

21
28

..

'

2 81
2 81

3
3
3
3

2 81
2 80

t Og

2 97
2 96
2 95

1
w

oo

2 71

'

n
G

H-l

2.78
2.78
2.77
2.76

oo

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]

Government bonds

Corporate bonds

Moody*s

State and local


Week ending

United
States
(longterm)

4
11
18
25 .

2.22
2.22
2.22
2.20

.98
.94
.92
.91

Peb 1
8..
15
22. .

2.21
2.20
2.21
2.21

.91
.92
.95
2.04

Mar. 1
8
15
22
29. .

2.21
2.20
2.19
2.19
2.18

2.05
2.02
2.03
2.02
2.00

Apr. 5
12
19
26

2.18
2.18
2.20
2.20

1.99
.99
.98
.97

May 3
10
17
24.........
31

2.20
2.20
2.20
2.19
2.19

.97
.95
.94
.94
.95

June 7
14.
21. . . . ..
28. .

2.20
2.21
2.24
2.24

.93
.93
.92
.91

Julvy 5

2.25

1947 Jan

j2..;
19

26

Aug. 2
9. .
16
23 ..
30

2.25
2.24
2.23
2.23

27.

Oct. 4
11 .
18
25

2.24
2.24
2 26
2.28

1.96
1.98
203
2.04

Digitized for FRASER


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

Total

;.

Aa

Aaa

Baa

..

2.75
2.75
2.73
2.71

2.99
2.99
3.00
3.01

2.71
2.72
2.72
2.73

3.02
3.02
3.02
3.02
3.02

2.73
2.74
2.74
2.74
2.73

3.03
3.04
3.04
3.03

2.72
2.72
2.71
2.71

2.^0
2.61

3.03
3.03
3.05
3.07
3.08

2.71
2.71
2.71
2.72

2.56
2.56

2 54
2 53

':

2.63
2.64
2.64
2.65

2.78
2.78
2.79
2.80

3.12
3.12
3.12
3.13

2.62
2.62
2.61
2.60

..

2.54
2 54
254
2 53
2 52

2.79
2.79
2.79
2.79
2.78

2.55
2.54

2.65
2.65
2.65
2.65
2.64

2.80
2.80
2.80
2.81
2.80

3.14
3.14
3.15
3.15
3.15

2.6,
2.61
2.61
i 2.61
2.60

2 51
|

2.53

..

2.63
t

2.80
2.81
2.81
2.80

3.16
3.16
3.16
3.16

i T

2.80
2.81
2.82
2.83
2.83

3.15
3.15
3.16
3.18
3.19

2.83
2.82
2.82
2.83

i 3.20
3.22
3.22
3.21

3.08
3.10
3.10
3.10

2.83
2.83
2.82
2.81

3.20
3.1S
i 3.18
3.17

- 2.61
2.62
!
2.62

3.09
3.07
3.06
3.05

3.17
3.16
3.16
3.17
3.18

, 2.62
2.62
2.62
2.63
2.63

3.04
3.03
3.03
3.03
3.05

2.72
2.73
2.73

2 55

1 2.78
2.79
; 2.80
2.80

2 52
2.51
' . . . . . . . . . . . . . . ' ! 2.52

2.56
2.55

2.52
2.53
2.51
2.51
..
2 52

2.79
2.79
1 2.79
2.79
2.80

2.55
2.56
2.56

2.64
2.65

2.81
2.80
2.81
2.81
2,81

: ,52
2.54
. . . J - 2.57
. . ' 2.58

i 2.80
2.82
2.85
2.89

2.57
2.58
2.62
2.64

2.65
2.67
2.69
2.73

2.81
2.83
2.86
2.89

3.18
3.20
3.24
3.28

2.63
2. 65
2.68
2.71

3.04
3.06
3.10
3.14

2.73
2.75
2.78
2.81

"

2 ^a
2.69
2.71
2.71

2 7*
2.77
2.80
2.80

" f i t

3.3!
3.33
3.35
3.37

" Tl

2.92
2.95
2.96

2.74
2.77
2.77

3.18
3.19
3.22
3.23

2.84
2.85
2.87
2.89

. .. . i
. .

.j

... i

2,53

2
? ST

..

i
..

2.51
2 52

2.63
2.64

2.81
2.80
2,80
2.80

..

[
..1
if

3.03
3.01
3.00
3.00

2.77
2.77
2.78
2.78

Public
utility

2.53
2.55
2.55
2,56

Railroad

2.80
2.81
2.81
2.81

..
i

Industrial

2.65
2.64
2.62
2.62

i?

Baa

3.16
3.14
3.14
3.13

.. ....i1
.
. I

2.81
2.80
2.78
2.78

jj

Aa

2.67
2.66
2.65
2.63

! -?> si

....."
.. Y

Aaa

2.59
2.58
2.57
2.56

'

.
...
"::...

By group

2.81
2.80
2.79
| 2.78

> S8

1 S6

By rating
Total

2 55
2 SI

.91
.93
.93
.92

P"
1.92

b:::::::..
20 .. . . . . .

.91
.91
.90
.90

2 23
2.24
2.23
2.24

Sept. 6 ...

Moody 's

Standard
and
Poor's

Standard
an<^
Poor's
i
AAA

1
.........'......... i..
'i
.....!
!
. ... '

2 6?,
. . . . . . . . 2,65
2.69
......... 2.69

? Ql

2.93
2.95
2.96

2.63

j,
2.73
2.72

w00

GO

2.89
2.89
2.91
2.94
2.96

2.90
2 92
2.90
2.91

3.36
3.41
3.42
3.45

2.99
3.02
3.01
3.02

3.56
3.53
3 51
3 52
3.53

295
2.91
2 90
2 90
291

3.48
3.45
3.43
3 44
3.43

3.06
3.03
3.03
3.02
3.03

3.18
3.18
3.17
3.15

3.53
3 54
3.54
3.52

292
2 91
2 90
2.89

3.44
3 44
3.44
3.42

3.04
3.03
3.03
3.01

2.91
290
2 91
2 90

3.14
3.13
3.13
3.13

3.53
3.53
3 53
3.54

2.89
2 89
2 89
2.89

3.42
3.41
3 41
3.40

3.01
3.00
3.01
3.01

2.31
2 34
2.36
2.36
2 37

2.08
2 11
2.14
2.21
225

2.69
2.70
2.72
2.76
2.78

2.97
2 98
3 00
3.03
3.06

2.71
2 73
2.75
2.78
2.81

2 81
2 81
2 83
2.87
290

2.98
2.99
2.99
3.02
3.05

Dec. 6
13
20
27

2 37
2 37
237
2.41

2 27
2 33
2 35
2.35

2.81
2.84
2.81
2.85

3.09
3 12
3.11
3.13

2.83
2.86
2.84
2.86

2.92
2 94
2.92
2.94

3.10
3.15
3.15
3.18

3.49
3 51
3.51
3.53

2 45
f

246
2.43
2 42
245
2 48

2 27
2 27
2 28
2 26
2 30

76
.76
76
74
78

2 01
2 01
2 02
2 00
2 04

2 43
244
2 45
2 43
2 47

2 87
2 88
2 89
2 87
2 91

2.84
2.81
2.81
2 80
2.82

3.17
3.13
3 12
3 12
3 13

2.90
2.85
2 85
2 85
2 86

2 98
2.95
2 95
2 94
2 94

3,22
3.18
3.17
3 17
3.17

2 54
2 55
2 56
2.55

2 38
2 40
2 43
2.45

84
85
89
.92

2 12
2 14
2 19
2.21

2 55
2 57
2 60
2.62

3 00
3 02
3 04
3.05

2.83
2 82
2.81
2.81

3 13
3 13
3 12
3.10

2.87
2 86
2.85
2.83

2 94
2 94
293
2.91

2.57
2.55
2 52
2.50

2.46
2 45
2 44
2 43

.96
.96
96
.96

2.21
2 20
2 19
2 17

2.62
2 60
2 58
2 55

3.05
3 03
3 02
3 02

2.81
2.80
2.81
2.80

3.11
3.10
3 10
3'lO

2.83
2.83
2 84
2.83

1948Jan. 3
10
17..
24
31
Feb. 7
14
21
28
Mar.6
13
20
27

i
245
2,44

2.78
279
2.81
2.85
2.88

3.25
3.27
3.28
3.31
3.33

Nov. 1
8.
15
22
29

3.39
3 41
3.43
3.45
3.46

Apr. 3
10.
17
24

2.48
2 43
2 39
2 36

2 41
2 38
2 38
2 33

.95
93
93
90

2 14
2 10
2 08
2 02

2.55
2 54
2 54
2 52

3 00
2 95
2 95
2 88

2.79
2.78
. 2 77
2.77

3.09
3 06
3 05
3 05

2.81
2 79
2 78
2 78

2.89
2 87
2 87
2 87

3.12
3.10
3 08
3.07

3.52 J
3.49
3 47
3.46

2.88
2 86
2 85
2 84

3.38
3.35
3 34
3.34

2.99
2.98
2.97
2.96

May 1
8
15
22
29

I
244
2.43
240
2.39

2 33
2 32
2.32
2 30
2.28

2 32
2 32
2 30
2 28
2 28

.90
90
.88
86
.85

99
99
96
95
95

2 52
2 52
2 50
2 48
2 47

2 88
2 87
2 85
2 84
2 84

2.76
2 76
2.75
2 75
2.74

3 04
3 04
3 03
3 01
3 00

2 78
2 77
2.77
2 76
2.75

2 87
2 87
2 86
2 85
2 85

3.07
3.07
3.06
3.05
3.04

3.44
3 42
3.40
3 36
3.34

2.84
2 84
2.83
2 81
2.81

3.32
3 31
3.29
3 26
3.24

2.96
2.96
2.96
2.95
2.95

June 5
12
19
26

2 39
2.40
2 41
2.43

2 24
2 22
2 26
2 29

2 25
2 21
2 21
2 23

83
.79
79
.82

92
87
88
90

2 43
2 40
2 40
243

2 83
2 77
2 77
2 78

2 74
2.73
272
2.76

2 99
2 99
2 99
3 00

2 75
2 74
2 75
2.77

2 84
2 84
2 85
2 86

3 03
3.03
3 03
3.03

3 34
3.34
3 34
3.34

2 80
2.79
2 79
2 81

3 23
3.23
3 23
3.23

2.94
2.94
2.96
2.97

July 3
10
17
24
31

2 44
2 44
2.44
244
2.44

2 31
2 32
2.33
2 33
2.35

2 24
2 25
2.26
2 27
2 28

82
.83
.85
85
.86

92
92
.93
94
94

2 44
2 45
2,47
2 49
2 50

2 79
2 80
2.80
2 80
2 81

2 77
2.77
2.78
2 79
2.80

3 01
3 03
3.03
3 05
3 05

2 79
2 80
2.80
2 82
2.82

2 88
2 89
2.88
2 90
2 90

3 05
3.06
3.06
3.08
3.08

3 35
3 35
3.36
3 38
3.39

2 83
2 83
2.82
2 84
2.85

3 24
3.25
3.26
3.27
3.27

2.98
3.00
3.00
3.03
3.03

Aug.7. ........

2.45
7

21
28

2.40
2 45
2 46
2 47

2.31
2 33
2 35
2 36

.89
.90
91
.91

1.97
2 00
2 03
2 05

2.52
2 55
2 57
2 58

2.84
2 85
2 88
2 90

2.83
2.84
2 85
2.84

3.07
3 09
3 10
3 10

2.83
2 85
2 85
2 84

2.93
2 95
2 94
2 94

3.11
3.12
3 14
3.15

3.41
3.43
3 45
3.45

2.87
289
2 90
2,88

3.29
3.31
3 33
3.33

3.05
3.07
3.07
3.07

Sept. 4
11
18
25

2.47
246
247
2.46

2 37
2 37
2 39
2.40

.92
92
.93
t

2 05
2 06
208
2.08

2 58
2 58
2 61
2.61

2 91
2 92
2 95
2.96

2.82
2 83
2.84

3.09
3 09
3 09
3.09

2.84
2 84
2.84
2.84

2 93
2 94
2 94
2.94

3.14
3.13
3.14
3.13

3.44
3 45
3.46
3.46

2.88
2 88
2.88
2.89

3.32
3.32
3.32
3.32

3.07
3.07
3.08
3.07

Oct 2
9
16
23
30

2 46
246
2 44
243
2 45

2 40
2 40
240
2 39
2 39

1
1.93
1 92

2 08
208
2 08
207
2 05

2 62
262
2 62
262
2 62

2 96
2 96
2 96
2 95
2 95

1
2.84
2 85

3 09
3 10
3 10
3 11
3 13

2 83
2.84
2 83
2 84
2 86

2 93
2 93
2 94
2 94
2 95

3 13
3.14
3 14
3.15
3 17

3 47
3.48
3 49
3.50
3 52

2 89
2.89
2 89
2.90
292

3.32
3.34
3.35
3.35
3.36

3.06
3.06
3.06
3.07
3.09

Nov. 6
13
20
27

|
2 48
2.44
2.45
2 43
2 39
2.44
2.37

2 40
2 36
2 27
2 26

1.94
1.91
1 81
1.79

2 06
99
89
.88

2 64
2.61
2 54
2.52

2 97
2 93
2 85
2 83

2 86
2.85
2 84
2.82

3 14
3 13
3 12
3 10

2 87
2.86
2 83
2.81

2 95
2 95
2 92
2 90

3 19
3.18
3 17
3.17

3 53
3.53
3 54
3.53

2 92
2.92
2 89
2.87

3.3*7
3.38
3 37
3.36

3.11
3.10
3.09
3.08

Dec 4
11
18
25

2 44
244
244
243

2 26
2 24
2 24
2 20

1 79
1.77
1 76
1.73

87
86
86
85

2 52
2 51
2 49
2 45

2 84
2 83
2 83
2 77

2 81
2.80
2 80
2.78

3 11
3 10
3 10
3 08

2 81
2 80
2 80
2.78

2 90
2 89
2 89
2 87

3 17
3.17
3 17
3.15

3 54
3.55
3 54
3 53

2 86
2 86
286
2 85

3 37
3.37
3 36
3.35

3.08
3.08
3.08
3.06

Digitized for FRASER


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

2 34
229
2 25
223

W
c/a

I
on

12.12

s
i

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-70 Continued
[Per cent per annum]

Government bonds

Corporate bonds

State and local


United
States
(longterm)

Week ending

ON

Moody's

Standard
and
1
Poor's

I949_jan. 1
8
15
22
29

2.43
2.42
2.42
2.41
2.41

2.21

Feb 5
12
19
26

2.41
2.40
2.38

2.20
2.22
2.24
2.24

!:!3
2.16
2.15

'

Standard
and.
Poors
AAA

Moody's

Total

Aaa

Aa

Baa

2.16
2.14
2.11
2.10
2.10

1.68
1.66
1.64
1.63
1.64

1.84
1.83
1.80
1.81
1.82

2.38
2.37
2.33
2.31
2.30

2.72
2.70
2.66
2.64
2.63

2.77
2.74
2.71
2.69
2.69

3.07
3.05
3.02
3.01
3.00

2.14
2.18
2.19
2.19

1.67
1.70
1.72
1.71

1.85
1.90
1.91
1.91

2,36
2.40
2.42
2.43

2.67
2.70
2.72
2.72

2.70
2.70
2.71
2.70

3.00
3.00
3.01
3.01
3.01
3.01
3.00

Aaa

Mar 5
12
19
26

2.23
2.22
2.19
2.19

2.19
2.17
2.17
2.18

1.72
1.69
1.68
1.68

1.91
1.88
1.88
1.88

2.41
2.39
2.39
2.41

2.73
2.72
2.71
2.73

2.70
2.70
2.70
2.69

Apr 2
9
16
23
30

2.21
2.22
2.20
2.19
2.18

2.19
2.18
2.18
2.17
2.14

1.68
1.66
1.66
1.64
1.61

1.90
1.89
1.89
1.89
1.87

2.44
2.44
2.43
2.43
2.40

2.74
2.74
2.72
2.71
2.68

2.69
2.70
2.69
2.68
2.68

Mav 7

2.38

2.16
2.16
2.22
2.25

2.12
2.13
2.16
2.21

1.59
1.60
1.63
1.69

1.85
1.87
1.91
1.96

2.39
2.40
2.42
2.46

2.66
2.66
2.68
: 2.73

2.68
2.68
j 2.69
2.69

3.^0
2.99
2.99

2.39
2.38
2.38
2.38

2.26
2.27
2.29
2.29

2.22
2.23
2.24
2,24

1.70
1.71
1.73
1.72

1.97
1.98
1.99
i 2.00

2.47
1 2.49
2.50
1
2.49

2.73
2.73
2.73
2.73

2.68
2.69
2.69

July 2

2.34
2.27
2.26
2.26
2.27

2.29
2.27
2.26
| 2.26
2.25

2.21
2.19
2.17
! 2.16
2.15

1.70
1.68
1.66
1.65
1.64

1.97
1.95
1.95
1.93
1,92

2.46
2.42
2.41
2.39
2.39

2.70
2.69
2.66
2.65
2.63

20
27

2.27
2.23
2.23
2.24

2.25
2.20
2.17
2,17

2.16
1 2.15
2.14
2.14

1.65
1.63
1.62
1.63

1.94
1.93
1 1.92
1.93

2.41
! 2.38
2.37
I

Sept 3
10
17
24

...

2.23
2.22
2.23
2.22

2.19
2.19
2.22
2.23

2.14
2.15
! 2.15
2.16

1.63
1.64
1.64
1.64

1.93
1.93
1.94
1.95

1
. .,
S. ........
15
22
29

2.23
2.22
2.22
2.22
2.22

2.24
2 24
2'.20
2.21
2.19

2.16
2.16
2.15
! 2.15
2.13

1.65
1.65
1.65
1.65
1.64

1.96
1.96
1.96
1.95
1.93

14.::::::..

21
28

June 4
18
25
9

16. . . . . . . . .

23
30

AUB 6

13:::::::::
.

Oct

Digitized for FRASER


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

By group

By rating
Total

Aa

2.76
2.74
2.71
2.70
2.70

2.85
2.83
2.81
2.80
2.80

3.14
3.12
3.09
3.06
3.05

3.51
1 3.49
3.47
3.46
3.43

2,71

2.81
2.80
2.81
2.80

3.05
3.06
3.06

3.44
3.44
3.46
3.46

2.71
2.70

2.80
2.80
2.79
t

3.05
3.04
3.05
3.05
3.05

T
2.79
2.80

Ao
22.71

2.78

Baa

Industrial

2.83
2.82
2.80
2.78
2.79

3.47
3.47
3.46
3.46

2.79
2.78
2.78

3.46
3.47
3.46

2.77
2.78
T

Railroad

Public
utility

3.33
3.31
3.28
3.24
3.22

3.03
3.01
3.00
2.99
2.99

3.22
3.23
3.25
3.25

2.99
2.99
2.99
2.98

3.26
3.26
3.26
3.27

2.98
2.97
2.97
2.96

T
3*7

2.96
2.96
2.96
1 2.96
2.95

i 3.26
3.26
3.26
] 3.26

1 2.95
2.95
2.95
2.94

2.71

3.05
3.04
3.03
3.03

sis

2.72
2.71
2.71
2.71

3.46
3.46
3.47
3.48

2.78
2.79
2.78

3.27
i 3.28
3.29
3.30

! 2.94
2,94
2.93
2.93

2.70

3.00
3.00
3.00
i 3.00

; 3.03
3.04
3.05
3.04

2.68
2.67
2.65
2.64
2.64

3.00
i 2.99
2J8
i 2.97
2.96

2,70
2.69
2,67
2.65
2.64

2.78
2.77
2,76
2.74
2.73

3.04
i 3.04
; 3.03
3.02
3.01

3.48
I 3.47
3.46
3.44
| 3.44

j 2.78
2.77
2.75
| 2.74
!
2.73

3.31
3.31
3.30
3.28
3.26

2.92
2.90
2.90
2.89
2.88

2.64
i 2.64
2.63
2.62

2.64
2.61
2.60
2.59

2.95
2.92
2.92
2.91

2.64
2.62
2.61
2.61

2.73
i 2.71
2.70
2.70

3.00

2.73
2.70
2.69
2.68

3.25
3.21
i 3.20
3,19

2.88
i 2.86
2.86
2.86

2.i?

2.62
2.64
2.64
\ 2.67

2.59
2.58
2.58
2.58

2.91
2.91
2.90
2.90

2.61
2.60
2.61
2.60

2.70
2.69
2.69
2.69

i 3.44
1 3.40
3.39
3.38
i
3.38
3.38
3.36
3.37

2.68
, 2.67
2.68
2.68

3,20
3.20
3.19
3.19

2.85
2.85
i 2.84
2.84

1 2.36
2.3S
! 2.35
2.35
2.35

' 2.67
2.66
! 2.64
j 2.63
2.61

: 2.58
2.59
2.59
! 2.59
'j 2.59

2.90
2.9 1
2.90
2.90
2.90

2.61

! 2.69
2.70
2.70
2.70
2.70

3.37
3.36
3.36
3.36
3.35

2.68
2.68
2.68
2.69
2.69

3.20

2.84
2.83
2.83
2.83
2.82

2.97

2.96
2.95
2.95
2.95
! 2.95
2.94
t

on

I
C/5

2 20
2 18
2 19

2.19
2 16
2.14

2 11
2 10
2 09

1.63
1 62
1 62

89
88
87

2 33
2 31
2.31

2 59
2 57
2 56

2 57
2 57
2 57

2 90
2 89
2 89

2.61
2 60
2.59

269
2 68
2.68

293
293
293

3.36
3 35
3.35

268
2 67
266

|
2.81
320
2 81
3.21
2.80

Dec. 3
10
17
24
31

2.20
2 19
2 19
2 18
2.18

2.15
2 14
2 14
2 12
2.12

2.09
209
2 08
2 07
2 05

i.62
1 62
1 61
1 60
1.60

.87
87
87
86
.85

2.3i
2 32
2 30
2 28
2.26

2.55
2 55
2 53
2 52
2 50

2.57
2 56
2 56
2 55
2.55

2. 89
2 88
2 87
2 85
2 85

2.60
2 59
2 59
258
2.57

2 67
2 67
2 66
2.66

2.53
291
2 89
2 88
2.87

3.35
3 34
3 31
3 29
3.27

2.66
2 67
2 66
2 65
2.64

3.20
3.18
3 15
3 12
3.11

2.80
2.80
2 79
2 79
2.79

1950 Jan 7
14
21
28

2 18
2 18
2 21
222

2 12
206
2 06
207

1 60
83
2 04
1 60
82
2 03
82
2 02
1 61
|
|82

2 25
2 23
2 21
2 21

2 48
2 46
2 44
2 44

2 54
2 54
2 55
255

2 84
2 83
2 82
2 83

2 572.57
2 57
2.58

2 65
2,65
2 65
2.65

2 86
2 85
2 85
2 85

3 25
3.24
3 23
3.23

2 64
2 63
2 62
2 63

3 08
3.06
3 06
3.07

2 79
2.79
2 78
2.79

Feb 4
11
18
25

2 23
2 23
2 24
2 25

207
2 06
2 06
2 05

82
82
83
84

2 43
2 20
|
2 43
2 42
2 42

2 55
2 55
2 55
2 54

2 66
2 66
2 65
2 65

2 85
2 86
2 86
285

3 23
3 24
j

2 63
2 63
2 63
2 64

3 08
3 08
3 09
3*08

2 79
2.78
f

Mar. 4
11 ...
18
25..

2 25
2 26
2 27
2 28

2 07
|i
2 02
2 01

84
84
84
84

2 42
2 42
2 40
2 39

2 55
2 55
2 55
2 54

I
258
2.59
2 59

2.65
2 65
2 65
2 66

2 85
2 86
i
|
3.24
3 23

I
2 83
2 84

Apr. 1

2 28
2 29
2 30
2.30
2 30

1
207
2 09
2.09
2 08

2 02
2 02
202
2.03
2 04

86
86
86
.88
89

2 38
|
2 38
2 39
2 20
2.40
2.21
2 41
2 22

2 55
2 55
2' 55
2.55
2.57

2 84
2 84
2 83
2.84
2 85

2.59
2 59
2.59
2.60
2.60

266
2 66
266
2.66
2,67

3.23
3 23
3.22
3.22
3.24

i
2.86
2 87

I
2.64
2.65

3 08
3.07
3.07
3.09

2.79
279
2.79
2.79
2.80

Mav 6
13:::::::::
20
27

2 30
2.30
2 31
2 31

2 07
2.07
2 07
207

2 23

2 85
2.85 ,
2 86
2 86

260
2.61
2.61
2.62

2 87
2.87
2 88
2.88

3 24
3.24
3 25
3.26

2 64
2.64
2 65
2.65

3 10
3.11
3 12
3.12

2 80
2.81
I

2 58
2.57
2 57
2*58

2 68
2.68
2 69

1 65
1.65
1 65
1.65

June 3
10
17 .
24

2 31
2 32
2 32
2.34

2 07
208
2 08
2.09

204
205
205
2.05

1 65
1.66
1 66
1.67

2 58
2 59
2 59
2.59

2 86
2 87
2 87
2.87

2 62
2.62
262
2.61

1
2 23
2.24

2 41
2 42
242
2.42

2.69

2 89
289
289
2.89

3 26
3.26
327
3.28

2 65
2.66
2 66
2.65

3 13
3.13
3 14
3.15

i
2.81

2 12
2 12
2 12
2.12
2 00

2 05
206
2 10
2.10
1 88

1 67
1.68
1 71
1.71
1 55

1 88
1 89
1 94
1.94
1 71

2 24
2 25
2 29
2.29
2 02

2 42
2 41
2 46
2.46
2 25

2 59
2*61
2 61
2^62
2 62

2 89
2 91
2 91
2.91
2 89

2 63
2.65
2 66
2.66
265

2 70
2.72
2 73
2.73
2 71

2 90
2 92
292
2.93
2 91

3 32
3.33
3 33
3.33
3 28

2 67
268
2 68
2.70
2 70

3 18
3.21
3 22
3.21
3 14

2.82
2.83
2.84
2.84
2.83

1
1
1
1

1
1
1
1

1
1
1
1

68
66
66
66

1 99
t

2 24
2 21
2 21
2 20

2 60
2 59
2 58
2 57

2 87
2 85
2 85
2 84

2 62
2 61
2.61
2 61

2 69
2 68
2 67
2 67

2 90
2 88
2 87
2 87

3 27
3 24
3 23
3 23

2 68
2 67
2 66
2 66

3 11
3 09
308
3 07

2.81
2 80
2.80
2.80

1 65
1 67
1 66
1 67
1.67

1
1.99
2 00
2.01
2.01

|
2 57
2.59
2 59
I
2.61
2.20
2.63

2 84
2 85
2 85
2 88
2.88

2 61
2.62
2 64
2.67
2.66

2 67
2 68 1
2 70
2.72
2.72

2 87
2 87
2 88
2 89
2.90

3 22
3.21
3 20
3.22
3.22

2 65
266
2 67
2 70

307
3.06
3 06
3.07
3.08

2.81
2.82
2.84
2.85
2.85

1
1
1
1

66
61
60
58

2 01
1.96
1 94
1.92

2 19
2.14
2 14
2.14

263
2.63
2 63
2.64

2 87
2.87
2 88
289

2 66
2.66
2 67
2.68

2 71
2.71
2 72
2.73

2 90
290
291
292

3 22
3.22
3 22
3.23

3 08
3.08
3 09
3.10

2.84
2.84
2.85
2.86

12
19. . .
26

15
22
29

July 1
15. . .
22
29 ..

AUK, 5 ....

161
1 62

T
I
1 62
1 63
1.64
1.64

1 88

1
2.78
2.79

12
19
26

1
2 34
2 32

1
1
1
1

Sept 2
9
16
23
30

2 33
2 35
2 37
2 37
2.37

1 87
1.88
1 88
1 88
1.88

Oct 7
14
21.
28

2 37
2 38
2 39
2 38

1 87
1 83
1 80
1.79

1
1
1
1

84
79
78
77

1 48
1.43
1 43
1.43

Nov. 4
U
18
25

2.39
2 38
2 37
2 37

1.79
1 79
1.79
1 79

1.77
1 77
1.77
1 77

1.42
1 42
1.42
1 42

.58
58
.58
58

1.92
1.93
1.92
1.92

2.15
2 15
2.15
2 15

2.65
2.65
2.64
2.63

2.89
2 88
2.88
2 88

2.68
2 67
2.66
2.66

2.73
272
2.71
2 71

2.92
292
2.92
291

3.23
3.22
3.21
3.21

3.09
3.09
3.07
3.07

2.87
2.86
2.86
2.86

Dec. 2
9.
16
23
30

2 38
2 39
2 39
2 38
2 39

1.80
1 81
1 81
1 74
1 72

1
1
1
1
1

1.44
I 43
1.43
1 42
1.39

60
60
62
59
!58

1.93
1 93
1.93
1 91
1.90

2.15
2 16
2.17
2 17
2.17

2.63
264
2.64
263
2.63

2.88
2 89
2.88
2 88
2.87

2.67
2 68
2.67
267
2.66

2.72
2 72
2.73
2 72
2.71

291
292
292
291
2.90

3.21
3 22
3.21
3 20
3.19

3.08
3 09
3.08
3 07
3.05

2.87
2.87
2.87
2.86
2.86

Digitized for FRASER


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

92
92
92
88

86
85
85
84

54
52
52
52

|
1 51
1.51
1 50
1.49
1.49
i

78
78
79
77
76

I
2.70

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B.

WEEKLY, 1941-70Continued

[Per cent per annum]


Corporate bonds

Government bonds

Moody's

State and local


Week ending

United
States
(longterm)

Stand- !
ard
and
Poor's
AAA

Moody's

Standard
and
Poor's

Total

Aaa

Aa

Baa

1951Jan. 6
13
20
27

2.40
2.39
2.38
2.38

1.69
1.63
1.60
1.59

1.71
1.67
1,60
1.59

.35
.32
.29
.28

.50
.46
.38
.37

1.86
1.80
1.73
1.72

2.11

Feb. 3
10
17

24

2.39
2.39
2.40
2.40

1.59
1.59
1.59
1.61

1.60
1.60
1.60
1.61

.29
.30
.31
.31

.37
.38
.39
.39

1.73
1.73
1.73
1.74

Mar. 3
10 .
17. ,
24 . ,
31

2.40
2.44
2.49
2.50
2.51

1.65
1.76
1.87
1.89
1.94

1.62
1.77
1.83
1.84
1.86

.31
.44
.49
.49
.52

S
.64

Apr 7
14
21
28

2.51
2.54
2.60
2.60 -

2.01
2.02
2.09
2.08

1.90
1.91
2.01
2.03

May 5
12

3.05
3.04
3.03
3.02

2.85
2.85
2.85
2.85

2.69
2.70

3.02
3,01
3.01
3.01

2.86
2.86
2.86
2.87

2.62

.65
.68

1.75
1.88
1.96
1.96
2.00

2.01
2.17
2.22
2.22
2.25

2.64
2.67
2.73
2.75
2.78

2.88
2.91
2.95
2.98
3.01

2.69
2.73
2.78
2.80
2.83

2.74
2.78
2.82
2.84
2.87

2.90
2.95
2.99
3.02
3.05

3.17
3.20
3.23
3.25
3.27

2.72
2,77
2.80
2.82
2.85

3.02
3.05
3.09
3.13
3.16

2.89
2.92
2.96
2.98
3.01

.56
.56
.66
,66

.73
.75
.84
,84

2.03
2.04
2.19
2,20

2.28
2.29
2.42
2.42

2.82
2.82
2.83
2.85

3.04
3.05
3.07
3.09

2.87
2.87
2.87
2.89

2.91
2.91
2.94
2.95

3.09
3.10
3.12
3.14

3.30
3.31
3.35
3.39

2.88
2.89
2.89
2,90

3.21
3.21
3.24
3.28

3.04
3.05
3.08
3.10

2.03
2.01
2.01
2.05

.67
.64
.64
.65

.83
.80
.81
.86

2.19
2.20
2.20
2.27

2.42
2.40
2.40
2.40

2.84
2.84
2.85
2.86

3.08
3.08
3.09
3.10

2.88
2.88
2.89
2.89

2.93
2.93
2.93
2.93

3,13
3.13
3.14
3.16

3.38
3.39
3.40
3.41

2.89
2.89
2.90
2.91

3.27
3.27
3.28
3.28

3.09
3.09
3.09
3.11

K87
2.01
1.99
2.01
2.09

2.27
2.41
> 2.42
2.46
2.49

2.45
2.62
2.62
2.68
2.74

2.87
2.86
2.88
2.92
2.95

3.10
i 3.11
| 3.14
3.18
3.21

2.89
2.90
2.92
2.96
2.99

2.94
2.94
2.96
3.02
i 3.05

3.16
3.16
3.19
3.22
3.26

3.42
i 3.44
i 3.47
3.50
3.54

i 2.91
2.92
2.95
2.98
3.00

3.29
3.29
3.32
3.35
3.37

3.11
3.11
3.14
3.20
3.26

2.11
2.11
2.06
1.88

2.50
2.48
2.43
2.26

2.74
2.74
! 2.69
2.49

2.95
2.93
2,91
1 2.91

3.21
3.19
3.16
3.15

2.97
2.95
2.93
2.92

3.04
3.00
2.98
2.96

3.26
3.25
3.22
3.21

3.55
3.55

3.37
3.37
336
i 3.35

3.25
3.23
3.17
3.16

.88
.86
.86
.85

2.26
2.24
2.20
2.20

2.47
i 2.40
2.36
2.36

2.92
2.89
2.87
2.83

i 3.15
3.14
3.12

2.91
2.89
2.87
2.86

i 2.96
2.94
2.92
2,91

.83
.81
.82
.82
.84

2,20
2.18
2.20
2.22
2.23

2.33
2.33
2.34
2.35
2.36

2.4
! 2.82
2.82
2.82
i 2.81

3.10
3.09
3.08
3.08
3.08

2.85
2.84
2.84
2.83
2.83

.86

2.29
2 39
2.31
i 2.31

2.39
2.42
2.47
2.47

2.85
"* 84
2.*88
2.90

3.10
3 il
3J2
3.14

2.86
2.87
2.88
2.92

2.25
2.23
2.13
2.II

2.30
2.29
2.24
2.08

.83
.81
.77
.70

2.62
2.59
2.56
2.55

2.06
2.05
2.03
2.02

2.07
2.04
2.02
! 2.02

.66
.66
.65
.65

Sept 1
g
15
,
22
29 . . . . . . . . .

2.55
2.54
2.55
2,55
2.58

2.02
2.02
2.02
2.06
2,08

! 2.00
1.99
2,00
2.01
2.03

.64
.63
.64
.65
.67

Oct. 6
13. . . . . . . . .

2.60
7..60
2.62
2.62

2.09
2 (Ht
2.09
2.06

2.06
2.0?
2.09
2.09

.68

Digitized for FRASER


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

3.16
3.16
3.16
3.16

2.69

2.88
2.88
2.87
2.88

2.65
2.63
2.62
2.62

27

3.19
3.18
3.17
3.17

Public
utility

i
2.71
2.72

July 7

20

2.90
2.89
2.89
2.88

Railroad

2.66
2.66
2.65
2.66

.65
.75
.75
.77
.83

18
25

2.71
t

Industrial

2.85
2.85
2.85
2.86

2.06
2.20
! 2.20
2.23
2.29

Baa

2.12
2.19
2.20
2.23
2.26

Aug. 4

1.99
1.99
1.99
1.99

2.63
2.64
2.64
2.65
2.66

14.,. :.:.:

Aa

2.66
2.66
2.66
2.65

26

21
28

Aaa

2.86
2.86
2.86
2,85

June 2
9
16
23
30

; 2.06
2.07
2.07
2.12

By group

2.61
2.63
2.64
2.63

19

By rating
Total

i
!

AR

.69

!7
,87

'M

?:S
1.99

; 3.11

3.52

f 3.00
i 2.98
i 2,96
2.95

3.20
3.19
3.17
3.17

3.52
3.52
3.51
3.50

2.94
2.93
2.92
2.91

i 3.34
3.33
3.30
3.30

3.15
3.15
3.13
3.12

2.91
2.89
! 2.88
2.88
1
2.89

3.16
3.15
3.14
3.15
3.15

3.49
3.48
3.45
3.45
3.45

2.90
2.89
2.89
2.88
2.89

3.30
i 3.28
i 3.26
3.26
3.27

3,11
3.09
3.09
3.09
3.10

2.90
2.90
2.92
2.97

3.16
3." 17
3.20

3.47
3.48
3.51
3.53

2.91
2.92
2,94
2.96

3.27
3.29
3.29
3.34

3.11
3.H
3.14
3.17

3.52

1
*J

Nov. 3
10
17
24

2.62
2.63
2 65
2.69

Dec 1
8..
15
22. .
29

2 68
2 69
267
2 70
2 74

1952 Jan 5 .
12. .
19.
26

2.06
2.06
2 05
2.06

2.09
2.08
2 06
2.07

.69
.68
68
.69

.87
.86
84
.84

2.31
2.30
2 27
2.28

247
2.47
2 46
2.46

2.95
2.97
2 95
2.99

3 18
3.19
3 19
3.21

2.95
2.96
2 96
2.97

3 00
3.00
3 01
3.03

3 23
3.24
3 24
3.27

3.54
3.54
3 55
3.57

297
2.97
2 97
2.98

3.39
3.40
3 41
3.44

3 19
3.20
3 20
3.21

2 09
2 09
2 09
2 10
2.13

69
70
.69
73
77

*
86
86
89
94

2 it
2 32
2 32
2 32
2 36

2 48
2 49
2 49
2 53
2 59

3 01
2 99
3 00
3 00
3 05

3 22
3 24
3 25
3 25
3 26

2 97
2 99
3 00
3 01
3 03

3 04
3 05
3 06
3 06
3 07

3 29
3 3u
3 31
3 30
3 31

3 58
j 60
3 61
3 63
3 63

2 98

2 09
2.09
2 12
2 17

2 99
3 00
3 01

3 46
3 4"*
3 50
3 51
3 52

3 23
i *>s
3 25
3 24
3 25

2 74
2 75
2 75
2.73

2 13
2 12
2 10
2.09

2 18
2 17
2 11
2.12

77
75
73
.73

96
94
89
.90

2 38
2 34
2 28
2.28

2 62
2 63
2 55
2.56

3 03
2 99
2 96
2.93

3 27
3 26
3 24
3.23

3 03
3 01
2 99
2.97

3 08
3 08
3 06
3.04

3 34
3 33
3 32
3.31

3 63
3 61
3 60
3.58

3 02
3 02
3 01
2.99

3 53
3 51
3 49
3.46

3 27
3 26
3 24
3.22

Feb 2
9. .
16
23

2 71
2 71
2 71
2.70

2 08
2 04
2 04
2,04

2 12
2 11
2 11
2.11

73
73
73
.72

90
90
90
.90

2 27
2 26
2 25
2.24

2 56
2 56
2 56
2.56

2 91
2 89
2 89
2.91

3 20
3 18
3 17
3.18

2 95
2 93
2 91
2.93

3 01
3 00
3 00
3.02

3 29
3 26
3 24
3.24

3 55
3 54
3 52
3.52

2 97
2 97
2 97
2.97

3 43
3 39
3 37
3.37

3 20
3 18
3 18
3.19

Mar. 1
8, .
15
22. .
29

2.70
2 71
2 71
2 70
2 68

2.04
2 07
208
2 07
2 07

2.09
2 10
2 10
2 09
2 09

.71
72
72
72
72

.89
87
88
87
87

2.23
2 25
2 25
2 23
2 22

2.54
2 54
2 54
2 53
2 54

2.93
2 94
2 97
2 94
2 94

3.18
3 19
3 19
3 19
3 18

2.95
2 96
2 97
2 97
2 96

3.02
3 02
3 03
3 03
3 02

3.24
3 25
3 25
3 23
3 23

3.53
3 52
3 52
3 50
3 51

2.98
2 99
2 99
2 99
2 98

3.38
3 37
3 36
3 36
3 36

3.20
3 22
3 22
3 21
3 21

Apr. 5
12
19
26. .

2 68
2.69
2 63
2 60

2 03
2.00
2 00
2 00

2 07
2.05
2 02
2 03

.70
.70
65
65

85
.84
82
82

2 17
2.15
2 13
2 14

2 54
2.50
2 48
2 49

2 94
2.92
2 93
2 92

3 17
3.17
3 16
3 16

2 95
2.94
2 93
2 93

3 02
3.02
3 01
3 00

3 22
3.21
3 21
3 19

3 50
3.49
3 50
3 51

2 98
2.98
2 98
2 97

3 34
3.33
3 32
3 .31

3 20
3.' 19
T

May 3
10. .
17
24. . .
31.

2 58
2 56
2 56
2 58
2 60

2 00
2 02
2 05
2 06
2 07

2 03
2 03
2 05
2 06
2 11

65
66
1 66
1 67
1 72

81
81
82
83
87

2 15
2 15
2 17
2 18
2 22

2 49
2 50
2 54
2 56
2 59

2 91
2 92
2 92
2 91
2 93

3
3
3
3
3

16
16
15
16
16

2 92
2 93
2 92
2 93
2 93

3 00
301
3 00
3 01
3 01

3 19
3 20
t

3 50
3 50
3 48
3 49
3 49

2 97
2 97
2 97
2 97
2 98

T
I

June 7
14
21. .. .
28

2.62
2 61
2 61
2 62

2.08
2 10
2 11
2 12

2.11
2 14
2 14
2 15

1.72
1 73
1 73
1 74

.90
94
94
94

2.23
2 25
2 25
2 26

2.60
2 62
2 64
2 65

2.93
2 93
2 93
2 93

3.16
3 16
3 17
317

2.93
2 93
2 94
2 93

3.02
3 02
3 03
3 03

I
3 20

3.50
3 50
3 51
3 50

2.98
2 98
2 99
2 98

3.31
3 32
3 33
3 33

July 5 . .
12:::::'";
19. .
26

2 62
2 61
2 59
260

2 12
2 12
2 12
2 13

2 16
2 16
2 17
2 18

1
1
1
1

75
75
76
76

94
95
95
98

2 28
2 28
2 30
2 30

2 67
2 67
2 67
2 68

2 92
2 93
2 95
2 94

Aug. 2
9. .
16
23
30. .

2 63
2 69
2 72
2 69
2 70

2 13
2 14
2 21
2 25
2 28

2 18
2 18
2 22
2 25
2 26

1
1
1
1
1

76
76
78
78
78

98
98
2 02
2 05
2 06

2 31
2 31
2 35
2 42
2 44

2 68
2 68
2 73
2 74
2 77

2 94
2 94
2 95
2 96
2 94

Sept. 6 ...
13.
20. .
27

2 67
2 68
2 71
275

2 28
2 31
2 34
2 37

2 28
2 31
2 40
2 40

1 81
1 83
2 00
2 00

2 09
2 09
2 18
2 18

2 44
2 50
2 54
2 54

2 77
2 gi
2 89
2 89

Oct. 4
11
18
25

2 78
2 76
2.75
2 73

2 39
2 42
2.43
2 43

2 43
2 45
2.45
2 45

2 00
1 99
2.00
2 00

2 19
2 19
2.20
2 20

2 58
2 63
2.63
2 62

Nov. 1
8. .
15
22. .
29

2 71
2 69
2 71
2 71
2 71

2 41
2 39
2 40
2 40
2 40

2 41
2 41
2 41
2 41
2 42

96
98
98
97
97

2 16
2 18
2 18
2 18
2 ig

Dec. 6
13. .
20
27. .

2 72
2 72
2 76
2 79

2 39
2 39
2 40 j
2 41

2 42
2 44
2 44
2 45

97
96
.96
1 96

2 19
2 21
2*22
2 24

Digitized for FRASER


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

3 17
3 17
3 17
3 18
t

2 94
2 95
2 95
2 95

3 03
3 03
3 04
3 05

3 19
3 19
3 19
3 20

2 94
2 95
2 94
2 95
2 95

3 05
3 05
3 06
3 06
3 06

2 93
2 95
2 95
2 99

i
3 18
3 19
3 20

2 94
2 94
2 95
2 97

2 95
2 98
2.98
2 98

3 00
3 01
3.04
3 03

3 21
3 21
3.22
3 23

2 59
2 59
2 59
2 59
2 60

2 92
2 89
2 90
2 90
2 91

3 01
3 00
2 99
2 98
2 96

2 62
2 66
2 67
2 67

2 91
2 92
2 92
2 93

296
2 97
2 98
3 00

i
3 19
3 20
|

2 98
2 98
2 99
2 99

3 33
3 32
3 33
3 34

3 20
3 20
3 20
3 21
3 22

3 50
3 50
3 50
3 50
3 51
3 52
3 51
3 51
3 51

2 99
3 00
3 00
3 01
3 01

3 34
3 34
3 34
3 34
3 35

3 06
3 06
3 07
3 07

3 21
3 22
3 22
3 22

3 52
3 52
3 53
3 54

3 01
3 01
3 02
3 02

3 35
3 35
3 36
3 37

j
3 20
3 21

2 99
3 01
3.02
3 02

3 08
3 08
3 '.09
3 09

3 23
3 23
3.25
3 26

3 53
3 54
3.54
3 55

3 03
3 05
3.05
3 07

3 38
3 38
3.39
3 40

3 21
3 22
3.22
3 23

3 22
3 22
3 21
3 20
3 19

3 01
3 00
2 98
2 98
2 97

3 08
3 07
3 06
3 06
3 05

3 25
3 25
3 24
3 23
3 23

3 55
3 54
3 54
3 53
3 52

3 07
3 06
3 05
3 05
3 05

3 39
3 38
3 37
3 37
3 35

3 22
3 21
3 19
3 19
3 18

3 18
3 19
3 19
3 19

2 97
2 96
2 98
2 98

3 04
3 04
3 05
3 06

3 22
3 22
3 22
3 23

3 51
3 51
3 50
3 50

3 04
3 04
3 03
3 04

3 34
3 33
3 34
3 35

3 18
3 19
3 20
3 20

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B.

WEEKLY, 1941-70Continued
I Per cent per annum]

1
'

Government bonds

Corporate bonds

State and local


Week ending

United
States
(longterm)

Moody's

Moody's

Standard
and
Poor's

Total

Aaa

Aa

2.80
2.79
2.80
2.80
2.80

2.42
2.43
2.47
2.48
2.50

2.46
2.47
2.51
2.54
2.56

1.96
1.98
2.02
2.06
2.07

Feb. 7
14
21
28

2.81
2.81
2,82
2.88

2.51
2.51
2.55
2.60

2.59
2.61
2.65
2.74

Mar. 7
14
21

2.61
2.61
2.61
2.61

1:3

28

2.87
2.87
2,88
2.94

Apr. 4
11
18
25

2.91
2.91
2.97
3.00

2.63
2.61
2.61
2.62

2.76

May 2
9
23
30 , . . , . ,

3.05
3.10
3.10
3.11
3.15

2.66
2.70
2.72
2.74
2.77

June 6
13
20
27 . . . . . . . . .

3.19
3.14
3.13
3.09

July 4
11....
18
25

Aua. 1

Standard
and
Poor's
AAA '

1/5

Total

Baa

Industrial

Railroad

Public
utility

106
3.07
3.08
3.11
3.12

3.23
3.23
3.24
3.26
3.27

3.50
3.51
3.51
3.52
3.52

3.04
3.05
3.05
3.09
3.10

3.34
3.35
3.36
3.37
3.38

3.20
3.21
3.22
3.24
3.25

3.05
3.06
3.08
3.09

3.13
3.14
3.15
3.15

3.28
3.30
3.31
3.33

3.51
3.53
3.54
3.54

3.10
3.11
3.12
3.12

3.37
3.38
3.39
3.41

3.26
3.28
3.30
3.30

3.29
3.29
3.30
3.33

3.11
3.10
3.12
3.14

3.16
3.16
3.18
3.21

3.34
3.35
3.36
3.37

3.55
3.56
3.56
3.58

3.14
3.15
3.16
3.18

3.42
3.43
3.44
: 3.44

3.31
3.31
3.33
3.36

3.15
3.16
3.20
3.22

3.35
3.37
3.40
3.43

3.18
3.19
3.22
3.25

3.24
3.25
3.29
3.33

3.39
3.41
3.44
3.46

3.60
3.61
3.64
3.67

3.21
3.23
3.26
3.28

3.46
3.47
3.50
3.54

3.36
3.40
3.42
3.42
3.43

3.29
3.32
3.34
3.31
3.34

3.46
3.51
3.53
3.54
3.55

3.28
3.33
3.35
3.35
3.35

3.36
3.40
i 3.41
3.42
3.43

3.50
3.54
3.58
3.59
3.62

3.72
3.76
3.77
3.78
3.80

3.33
3.37
3.38
3.39
3.41

3.57
3.61
3.63
3.63
3.66

; 3.59

3.25
3.29
3.34
3.32

3.49
3.64
3.76
3.79

3.38
3.39
3.41
3.38

3.58
3.61
3.63
i 3.62

3.39
3.41
3.42
3.41

3.45
3.50
3.52
3.51

3.65
3.68
3. -68
3.68

i 3,82
3.85
j 3.88
3.89

3.45
3.48
3.50
3.49

3.68
3.73
3.75
3.75

3.60
3.62
3.63
3.63

2.95
2.79
2=74
2.75

3.28
3.16
3.13
3.14

3.74
3.60
3.55
3.55

3.33
3.28
3.26
3.25

3.59
3.57
3.54
3.53

3.36
3.31
3.28
3.26

3.46
3.43
3.41
3.41

3.66
3.64
3.62
3.59

3.88
3.87
3.86
3.86

3.45
3.43
3.42
3.41

j 3.72
3=70
] 3.67
3.64

i 3.60
i 3.57
3.54
3.54

2.52
2.50
2.48
2.46
2.46

2.75
2.73
2.71
2.69
2.67

3.14
3.14
3.16
3.16
3.16

3.56
3.56
3.61
3.61
3.60

3.22
3.21
3.21
3.22
3.25

3.52
3.50
3.50
3.51
3.52

3.24
3.22
3.22
3.24
3.26

3.38
! 3.38
3.38
3.39
3.40

3.58
3.57
3.56
3.55
3.56

3.85
3.84
3.84
3.85
3.87

3.39
3.37
3.36
3.37
3.38

3.62
3.61
3.61
1 3.61
i
3.63

3.53
3.53
3,54
3.55
3.56

2.99
3.00
3.01
2.97

2.48
2.48
2.51
2,47

2.68
2.68
2.70
2.66

[ 3.18
3.19
3.20
3.16

3.61
3.63
3.63
3. 59

! 3.27
! 3.28
3.29
3.25

3.54
3.55
3.55
3.54

3.29
3.30
3.31
3.30

3.42
3.43
3.45
3.44

3.57
3.57
3.57
3.56

; 3,87
3.88
3.89
3.88

3.39
3.40
3.41
3.40

I 3.64
3.65
3.66
3.66

3,58
3.59
3.60
3.58

2.94
2.91
2.80
2.78
2.70

2,45
2.41
2.32
2.29
2.19

2.63
2.53
2.47
2.45
2.37

3.12
3.08
2.97
2.93
2.83

3.57
3. 54

3.20
3.19
3.16
3.14
. 3.11

3.52
3.48
3.45
3.43
3.40

3.24
3.19
3.16
3.14
3,12

3.41
3.37
3.34
3.32
3.28

3.51
3.51
3.48
3.46
I 3.43

3.87
3.85
3.82
3.81
3.79

3.3S
3.36
3.34
3.31
3.29

3.62
3.59
3.56
3.54
3.52

3.54
3.49
3.56
3.44
3.41

Baa

2.25
2.26
2.29
2.31
2.33

2.67
2.68
2.72
2.74
2.76

2.94
2.96
3.00
3.05
3.06

2.99
3.00
3.04
3.03
3.04

3.20
3.20
3.21
3.23
3.24

2.99
2.99
3.01
3.04
3.05

2.09
2.11
2.13
2.21

2.36
2.40
2.40
2.46

2.80
2.83
2.90
2.98

3.09
3.10
3.18
3.29

3.04
3.06
3.07
3.08

3.24
3.26
3.27
3.28

2.22
2.20

2.48
2.49
2.49
2.49

3.00
3.00
3.00
3.00

3.30
3.32
3.35
3.35

3.09
3.09
3.10
3.12

2.^0

2.49
2.50
2.50
2.50

3.00
2.99
3.00
2.99

3.35
3.36
3.35
3.35

2.78
2.81
2.84
2.85
2.89

2.22
2.27
2.29
2.32
2.38

2.51
2.53
2.57
2.59
2.64

3.01
3.05
3.06
3.08
3.09

2.89
2.92
3.01
3.14

3.00
3.09
3.18
3.20

2.51
2.61
2.71
2.73

2.73
2.83
2.91
2.96

3,04
3.03
3.02
3.01

3.07
3.02
2.99
2.95

3.17
3.03
2.98
2.99

2.71
2.56
2.51
2.52

3.03
3.01
3.02
3.01
3.02

2.93
2.91
2.89
2.86
2.88

2.99
2.98
2.99
2.98
2.97

Sept. 5
.....
12.........
19. . . . . . . . .
26
.....

3.04
3.03
3.01
2.93

2.89
2.91
2.92
2.86

Oct. 3
10=i ........
17
24
31

2.87
2.S3
2.84
2.83
2.82

2.84
2.78
2.72
2.70
2.66

.....

16,

s:::.:.:.:

15

22

29

Digitized for FRASER


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

By group

1953Jan. 3
10
17
24
31

By rating

2.76
T

: 3.48
3.46
3.40

Aaa

3.38
3.39
3.43
3.47
3.50
3.55
3.57
3.59

I
w

c/3

H
oo

3 38
3 37
3 39
3 39

3 10
3 13
3 13

3 25
3 25
3 27
3 28

3 4Q
3 39
3 40
3 40

3 78
3 75
3 75
3 75

3 26
3 26
3 28
3 27

3 50
3 50
3 51
3 52

3 38
3 37
3 38
3 38

3 35
3 35
3 35
3 33

3 07
3 07
3 09
3 10
3 11
3 09
3 08
3 09

3 39
3 39
3 38
3 39

3
3
3
3

14
13
12
12

3 29
3 28
3 27
3 28

3 41
3 40
3 40
3 40

3 74
3 73
3 73
3 73

3 27
3 27
3 27
3 28

3 53
3 52
3 52
3 52

3 38
3 37
"* 36
3 36

2 84
2.83
2 81
2.79
2 74

3 32
3.32
3 30
3.26
3 20

3 08
3.06
3 04
3.01
2 99

3 39
3.37
3 35
3.33
3 30

3 12
3.09
3 08
3.06
3 03

3 27
3.26
3 24
3.21
3 18

3 40
3.38
3 37
3.34
3 31

3 74
3.74
3 72
3.70
3 67

3 28
3.27
3 25
3.22
3 18

3 51
3.50
3 49
3.46
3 43

3 36
3.34
3 32
3.30
3 28

2 21
2 21
2.20
2 20

2.73
2 70
2.70
2 65

3 2ft
3 20
3.20
3 16

2 95
2 90
2.91
2 88

3 27
3 23
3.22
3 21

2 99
2 94
2.93
2 92

3 16
3 12
3.11
3 10

3 29
3 26
3.24
3 23

3 65
3 62
3.60
3 58

3 16
3 13
3.11
3 10

3 40
3 34
3.34
3 33

3 27
3 23
3.22
3 20

2 03
2 02
204
206

2 18
2 16
2 17
2 19

2 63
2 61
2 61
2 66

3 16
3 14
3 10
3 12

2 85
2 82
2 81
2 82

3
3
3
3

18
15
13
12

2 89
2 86
2 85
f

3 07
3 04
3 02
3 00

3 20
3 16
3 15

3 56
3 53
3 50
3 47

3 07
3 05
3 04
3 03

3 31
3 26
3 23
3 20

3 17
3 14
3 13
3 13

2 54
2 55
2 57
2 57

2 10
2 12
2 16
2 16

2 22
2 23
2 27
2 27

2 68
2 67

3
3
3
3

16
16
18
18

2 81
2 81
2 80

281

3 12
3 12
3 11
3 12

I
2 85

3 00
3 00
2 99
3 00

3 47
3 47
3 46
3 47

3 04
3 04
3 04
3 04

3 19
3 19
3 18
3 19

3 13
3 12
3 12
3 12

2 48
2 47
2 47
2.50
2 53

2 58
2 58
2 58
2.59
2 59

2 17
2 17

2 67

3 19
3 19
3 19
3.20
3 22

2 83
2 83
2 83
2.85
2 86

3 13
3 13
3 12
3.13
3 14

2 87
2 87
2 87
2.87
2 89

3 01
3 02
3 01
3.03
3 04

|
3 47

2.18
2 18

2 29
2 29
2 29
2^29
2 29

3 15
3 14
3!l5
3 i^

3 47
3 47
3A7
3 4g

3 05
3 05
3 05
3.05
3 08

3 20
3 20
3 20
3.21
3 21

3 13
3 13
3 12
3.13
3 14

12
19
26

2,59
2 57
2 54
2 52

2 54
2 54
2 52
2 42

2 61
2 61
2 60
2 52

2 20
2 21
2 18
2 10

2 30
2 30
2 30
2 24

2 69
2 68
2 66
2 60

3 24
3 25
3 25
3 14

2 89
2 88
2 87
2 86

3
3
3
3

16
16
15
15

2 91
2 91
2 90
2 90

3 07
3 06
3 05
3 05

3 17
3 17
3 18
3 17

3 49
3 50
3 49
3 49

3 10
3 10
3 10
3 09

3 23
3 24
3 23
T

3 15
3 15
3 14
3 14

July 3
10
17
24
31

2 52
2.49
246
2 46
2 46

2 38
2.35
2 35
2 29
2 26

2 46
2.43
2 39
2 34
2 32

2 04
2.03
1 99
1 92
1 92

2 19
2.15
2 13
2 04
2 04

2 52
2.49
2 46
2 42
2 39

3 09
3^05
2 99
2 96
2 93

2 87
2.87
2 85
2 85
2 83

3 16
3.16
3 16
3 15
3 15

2 90
2.90
2 89
2 88
2 88

3 05
3^05
3 05
3 04
3 04

3 18
3.18
3 18
3 18
3 17

3 49
3^50
3 50
3 50
3 50

3 10
3.10
3 10
3 09
3 09

i
3 23
3 22

3 14
3.14
3 14
3 13
3 13

Aug. 7
14
21
28

2,45
2.48
2 49
2.50

2 24
2.23
2 23
2.23

2 30
2.31
2 30
2.30

90
.90
90
.90

2 00
2.00
2 00
2.00

2 38
2.38
2 37
2.37

2 93
2.94
2 94
2.94

2 83
2.83
2 83
2.84

3 14
3.14
3 13
3.13

2 87
2.87
2 86
2.87

3 03
3.02
3 02
3.03

3 16
3.16
3 14
3.13

3 50
3.49
3 49
3.47

3 08
3.08
3 06
3.06

3 22
3.21
T

3 12
3.12
3 11
3.12

Sept. 4
I)
18
25

2 51
2 52
'2^52
2 53

2 24
2 26
2 31
2 33

2 31
2 32
2 35
2 37

90
91
93
96

2 01
2 02
2 04
2 06

2 38
2 40
2 43
2 44

2 94
2 95
2 99
3 01

2 84
2 85
2 85
2 84

3
3
3
3

13
13
13
14

2 88
2 89
2 89
2 89

3 03
3 04
3 04
3 05

3 13
3 13
3 13
3 14

3 47
3 47
3 47
3 48

3 06
3 06
3 07
3 07

i
3 21
3 22

3
3
3
3

Oct. 2
9
16
23
30

2.53
2.52
2.52
2 55
2.56

2.33
2 34
2.32
2 30
2.30

2.38
2 38
2.37
2 36
2.35

.97
97
.97
97
.96

2.46
246
2.45
2 43
2.39

3.01
3 01
3.01
2 98
2.98

2.84
2 84
2.85
2 84
2.85

3.14
3 14
3.13
3 13
3.12

2.89
2 88
2.88
2 87
2.87

3.05
3 05
3.04

3.14
3 14
3.14
3 14
3.13

3.48
3 48
3.47
3 46
3.45

3.06
3 06
3.06
3 05
3.05

3.23
3 23
3.22
3 22
3.22

3.12
3 12
3.12
3 11
3.10

Nov. 6. . .:
13
20
27 . .

2 56
2 57
2 57
2 58

2 30
2 28
2 28
2 28

2 34
2 34
2 34
2 34

95
95
95
96

2 06
2 04
2 05

2 39
2 39
2 39
2 40

2 96
2 96
2 96
2 96

2 86
2 85
2 86
2 85

3
3
3
3

13
13
13
12

2 88
2 89
2 89
2 88

3 04
3 03

3 14
3 14
3 13
3 13

3 46
3 06
3 45
3 06
|
3 05
3 06

3 22
3 23
3 22
3 22

3 11
3 11
3 11
3 10

Dec. 4 ...
11
18...
25

2 58
2 57
2 59
2 60

2 29
2 31
2 34
2 35

2 35
2 36
2 42
2 43

96
98
2 03
2 03

2 05
2 07
2 13
2 14

2 41
2 41
2 51
2 53

2 96
2 97
2 99
3 00

2 86
2 86
2 88
2 89

3
3
3
3

13
13
13
14

2 89
2 89
2 90
291

3 04
3 03
3 04
3 05

3 13
3 13
3 14
3 14

i
3 45

3 06
3 06
3 06
3 07

3 22
3 22
3 23
3 24

3 10
3 10
3 10
3 11

Nov. 7
14
21
28

2.83
2.86
2.86
2 88

264
2.62
2 61
2 60

2 68
2.62
2 64
2 63

2 18
2.12
2 14
2 14

2 36
2 29
2 30
2 29

2 81
2.75
2 78
2 78

3 36
3.30
3 32
3 32

Dec 5
12
19
26

2 85
2.79
2 78
2,78

2 60
2 59
2 59
260

2 66
2 67
2 67
2 67

2 17
2 18
2 17
2 18

2 31
2 31
2 31
2 32

2 81
2 83
2 83
2 83

1954Jan. 2
9
16
23
30

2,74
2.74
2.72
2.67
2.64

2 58
2.56
2 52
2.47
2 43

2 67
2.66
2 64
2.61
2 56

2 19
2.16
2 14
2.11
2 07

2 32
2.32
2 29
2.27
2 23

Feb. 6
13
20
27

2.64
2 61
2.62
2 58

2.42
2 39
2.39
2 37

2 55
2 54
2.54
2 51

2 06
2 06
2.06
2 04

Mar. 6
13
20
27

2.55
2 54
2 52
2 52

2 36
2 36
2 36
2 40

2 50
2 48
2 48
2 51

Apr, 3 ...
10
17
24

2 51
2.48
2 49
2.48

2 44
2.46
2 47
2 48

May 1.
8
15
22
29

2 47
2.49
2 53
2.56
2 58

Digitized for FRASER


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

9 17

3 09

T
1

12
12
13
13

1
w

H
W
C/3

CO

tiw

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]
Corporate bonds

Government bonds

United
States
(longterm)

Total

Aaa

2.60
2.64
2.67
2.68
2.70

2.35
2.36
2.40
2.40
2.41

2.44
2.45
2.47
2.49
2.51

2.04
2.06
2.09
2.11
2.11

Feb 5
12
19
26

2.73
2.75
2.78
2.82

2.43
2.41
2.41
2.43

2.50
2.50
2.49
2.49

2.10
2.11
2.10
2.10

Mar 5
12
19
26

2.80
2.78
2.76
2.76

2.46
2.45
2.45
2.44

2.49
2.49
2.49
2.50

2.09
2,09
2.10
2.08

Apr 2
9
16
23 .
30

2.80
2.82
2.82
2.82
2.82

2.44
2.44
2.43
2.42
2.41

2.26
2.26
2.26

2.50

2.08
2.09
2.08
2.08
2.08

May 7 . .
14
21
28

2.82
2.81
2.80
2.80

2.41
2.41
2.40
2.42

2.49
2.49
2.47
2.47

2.08
2.07
2.05
2.05

2.25
2.25
2.22
2.22

June 4
11
18
25

2.79 - 1
2.80 i
2.81
2.83

2.45
2.45
2.46
2.48

2.47
2.47
2.48
2.49

2.06
2.07
2.08
2.09

2.21
2.21
2.22
2.22

J U Iy

2:86

2.53
2.58
2.62
2.63
2.64

2.14
2.19
2.23
2.24
2.27

2.26
2.32
2.37
2.38
2.38

2.67
2.69
2.70
2.71

2,29
2.34
2.34
2.34

2.42
2.42
2.43
2.44

2.71
2.72
2.71
2.68

2.34
2.34
2.32
2.27

2.44
2.46
2.44
2.43

2.83
2.83
2.83
2.78

2.66
2.66
2.64
2.62
2.63

2.27
2.27
2.25
2.24
2.24

239
2.37
2.36
2.34
2.35

2.75
2.75
2.74
2.71
2.70

1
8
15
22
29

...

9
16
23
30

2.86
2.88
2.92
2.96

11

'55
2.60
2.62
2.62
2.64

2.97
2.94
2.94
2.95

Sept. 3
10
17
24 .....

2.95
2.92
2.93
2.92

:
i

2.69
2,68
2.64
2.60

Oct. 1
g
15....
22
29

2.90
2.88
2.86
2.86
2.86

.
;

2.58
2.57
2.56
2.56
2.54

Digitized for FRASER


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

!
;

2.66
2.66
2.66
2.69

Aug. 6. . . . .
13
20
27

Standard
!
and
Poor's
AAA

Moody's

Standard
and
Poor's

1955Jan

:
j
f

Moody's

State and local


Week ending

Baa

3...

i:!?
3.12

8c

3.46
3.47
3.47
3.48

3.11
3.11
3.12
3.14

3.28
3.27
3.29
3.30

3.14
3.13
3.15
3.16

on

3.18
3.19
3.19
3.19

3.48
3.49
3.49
3.48

3.15
3.15
3,15
3.14

3.30
3.31
3.31
3.30

3.17
3.17
3.17
3,17

3.13
3.13
3.12
3.13
3.14

3.18
3.18
3.19
3.19
3.19

3.48
3.48
3.48
3.48
3.49

3.14
3.14
3.14
3.14
3.15

3.30
3.30
3.30
3.30
3.31

3.16
3.16
3.17
3.17
3.17

3.14
3.15
3.15
3.15

3.49
3.50
3.49
3.50

j1

3.20
3.21
3.22
3.23

3.16
3.16
3.17
3.17

3.31
3.32
3.32
3.33

3.18
3.20
3,20
3.20

3.50
3.50
3.51
3.51

I
1

3.23
3.22
3.22
3.23

3.17
3.17
3.17
3.18

3.32
3.31
3.31
3.31

3.21
3.20
3.21
3.21

3.23
3.23
3.23
3.23
3.25

3.51
3.51
3,52
3.52
3.53

3.17
3.17
3.19
3.20

2.97
2.97
2.99
3.02

3.09
3.09
3.11
3.12

3.16
3.16
3.17
3.17

2.98
2.98
2.98
2.97

3.21
3.21
3.21
3.20

3.03
3.04
3.03
3.01

3.13
3.13
3.14
3.13

2.97
2.97
2.99
2.99
2.99

3.20
3.20
3.20
3.20
3.21

3,08
3.06
3.06

3.00
3.02
3.02
3.03

3.21
3.23

3.06
3.06
3.07
3.10

3.03
3.03
3.03
3.04

2.58
2.57
2.56
2.56

3.05

1%
3.04

2.56
2.56
2.56
2.57

3.06
3.07
3.07
3.08

T
,

2.57

2.62
2.67
2.70
2.71
2.71

3.11
3.14
3.17
3.17
3.18

2.76
2.79
2.79
2.82

3.21
3.21
3.22
3.23
i
i

3.24
3.24
3.24
3.25
3.26

2.94
2.94
2.97
2.97

2.89
2.88
2.88
2.91
2.91

i
|

3.07
3.07
3.08
3.08
3.09

3.15
3.15
3.15
3,16
3.16

3.02
3.02
3.03
3.05
3.06

3.44
3.45
3.45
3.46
3.46

3.05
3.05
3.05
3.07
3.07

2.53
2.54
2.54
2.55
2.58

i 2is

Public
utility

2.92
2.91
2.92
2.93
2.94

2.56
2.55

Railroad

3.14
3.14
3.14
3.15
3.16

2.15
2.18
2.23
2.24
2.28

lii

Industrial

2.25
2.26

Baa

Aa

|i

3,23
3.25
3.25
3.25
3.23
3.23
3.22
3.20
3.23

3.02
3.04
3,02
3.04
3.06
3.07
3.10
!

3.11

I
!

3 12

3.01
3.02
3.04
3.04
3.05

3.05
3.04
3.05

!
i

i
'
1

'
3.12
3.12
3.12
3.13

3.11
3.09
3.08
3.09
3.09

By group

Total
Aaa

Aa

2.25
I

By rating

3.23
3.24
3.24
3.24
3.25

3,5
3.15
3.14
T

3.1
3.07

i
3.14
3.15

3.27
3.28
3.29
3.30

3.09
3.10
3.12
3.12

3.17
3.18
3.20
3.21

3.31
3.32
3.31
3.31

3.13
3.14
3.13
3.13

3.22
3.23
3.22
3.22

3.31
3,30
3.30
3.30
3.30

3.12
3.12
3.11
3.10
3.10

3.21
120
3.19
3.19
3.19

3.25
3.27
3.28
3.30

!
;

3.55
3.56
3.57
3.58

!
,
i
1

3.17
3.17
3.18
3.18
3.20
3.22
3.23
3.26
3.26

l
i
1

3.31
3.32
3.31
3.32
3.33

3.12

i
!

3.23
3.24
3.26
3.28

3.34
3.36
3,36
3.37

i
|

3.31
3.31
3.31
3.32

3.58
3.59
3.59
3.58

3.27
3.27
3.25
3.25

3.38
3.40
3.40
3.40

1
j

3.31
3.29
3.29
3.31
3.31

3.59
3.59
3.59
3.59
3.58

3.24
3.24
3.24
3.23
3.23

3.39
3 38
3.*38
3.39
3.39

3,22
3.22
3.21
3.21
3.22

3.29
3.29
3.29
3.29
3.29
3.27
3.27
3.28
3.28

Nov 5
12
19
26

284
2.87
2.89
2.91

2 52
2 51
2.52
2 56

2 59
2 59
2.59
2 61

2 19
2 19
2.19
2 21

2 30
2 30
2.30
2 33

2 68
2 68
2.68
2 70

3 19
3 19
3.19
3 20

3 08
3 07
3.07
3 08

3 30
3*28
3.28
3 30

3 10
3 08
3.08
3 11

3 19
3 18
3.18
3 19

3 31
3 29
3.28
3 30

3 59
3 58
3.58
3 59

3 23
3 21
3.21
3 22

3 38
3 38
3.37
3 38

3 28
3 27
3.27
3 29

Dec. 3
10
17
24
31

2.91
2 90
2.91
2 91
2.92

2 63
2 68
2 72
2 72
2 72

2 67
2 68
2 71
2 73
2 73

2 27
2 28
2 30
2 30
2 30

2 41
2 43
2 47
2 50
2 50

2 75
2 76
2 83
2 85
2 85

3 24
3 25
3 25
3 25
3 26

3 !!
3 12
3 18
3 19
3 16

i it
3 32
3 34
3 35
3 34

T 17

3
3
3
3

13
17
17
16

i 70
3 20
3 23
3 24
3 23

3 30
3 32
3 34
3 34
3 34

3 59
3 61
3 62
3 63
3 63

3 23
3 24
3 26
3 27
3 27

3 39
3 41
3 43
3 43
3 43

3 29
3 30
3 32
3 32
3 32

1956Jan. 7
14
21
28

2.92
2 90
2.87
28?

2 71
2 65
2 61
2 59

2 72
2 69
2 68
2 67

2 29
2 27
2 27
2 27

2 48
2 46
2 45
2 45

2 83
2 79
2 76
2 74

3 26
3 25
3 22
3 22

3 15
3 11
3 08
3 07

3 33
3 32
3 30
3 29

3 14
3 13
3 11
3 09

3 22
3 21
3 19
3 18

3 33
3 32
3 30
3 28

3 62
3 61
3 60
3 59

3 25
3 24
3 23
3 21

3 43
3 43
3 40
3 39

3 31
3 29
3 27
3 26

Feb 4 . .
U
18
25

2.85
2 85
2.84
2 87

2 59
2 56
2 55
2 58

2 66
2 64
2 62
2 62

2 24
2 18
2 17
2 17

2 44
2 40
2 38
2 37

2 75
2 74
2 72
2 72

3 22
3 22
3 20
3 20

3 06
3 08
3 06
3 06

3 28
3 28
3 27
3 27

3 09
3 08
3 07
3 07

3
3
3
3

17
17
16
15

3 28
3 28
3 28
3 27

3 59
3 58
3 58
3 58

3 20
3 20
3 20
3 19

3 39
3 37
3 37
3 37

3 26
3 26
3 26
3 24

Mar 3
10
17
24
31

2.87
2.89
2.92
2.95
2.98

2 60
263
2.66
268
2 77

2 62
2 63
2.67
2 70
2 75

2 18
2 18
2.25
2 27
2 33

2 38
2 39
2.41
2 47
2 53

2 72
2 73
2.77
2 80
2 84

3 20
3 20
3.23
3 26
3 29

3 07
3 07
3.09
3 14
3 15

3 27
3 27
3.29
3 31
3 33

3 07
3 08
3.10
3 12
3 14

3 16
3 16
3.17
3 20
3 22

3 27
3 27
3.28
3 31
3 33

3 58
3 58
3.59
3 60
3 62

3 20
3 21
3.23
3 27
3 30

3 37
3 36
3.37
3 38
3 39

3 25
3*25
3.26
3 28
3 30

Apr. 7
14
21
28

3.04
3.07
3.10
3.09

2,81
2 85
2.90
296

2.78
2 80
2.85
2 91

2.38
2 38
2.43
2 51

2.54
2 58
2.64
2 69

2.85
2 88
2.94
2 99

3.33
3 35
3.40
3 44

3.19
3 21
3.26
3 28

3,35
3 39
3.43
3 46

3.16
3 21
3.27
3 30

3.25
3 28
3.32
3 35

3.36
3 38
3.43
3 46

3.64
3 67
3.70
3 72

3.33
3 36
3.41
3 40

3.42
3 45
3.49
3 52

3.32
3 34
3.39
3 45

May 5
12
19
26

3.03
3.00
2.98
2.94

2.96
2 87
2.86
2 83

2.91
2 86
2.83
2 80

2.51
2 48
2.44
2 44

2.70
2 64
2.61
2 61

2.99
2 92
2.89
2 83

3.44
3 40
3.37
3 33

3.28
3 26
3.27
3 28

3.46
3 45
3.45
3 46

3.30
3 27
3.27
3 27

3.34
3 33
3.34
3 35

3.46
3 46
3.47
3 47

3.72
3 72
3.73
3 73

3.39
3 39
3.40
3 40

3.54
3 52
3.53
3 54

3.44

June 2
9
16
23
30

2 92
2.92
2.91
2 92
2.95

2 78
2 76
2.73
2 74
2 76

2 77
2 74
2.70
2 70
2 72

2 42
2 38
2.33
2 32
2 34

2 56
2 54
2.50
2 51
2 52

2 79
2 74
2.72
2 72
2 76

3 31
3 28
3.23
3 26
3 26

3 28
3 28
3.28
3 29
3 28

3 46
3 46
3.46
3 46
3 47

3 27
3 27
3.26
3 26
3 27

3 35
3 35
3.35
3 36
3 36

3 48
3 48
3,48
3 48
3 49

3 39
3 39
3.39
3 39
3 40

3 54
3 56
3.56
3 56
3 55

3 44
3 46

July 7
14
21
28

2.94
297
3.01
3 05

2 78
2 77
2 78
2 79

2 76
2 78
2 79
2 80

2 38
2 38
2 40
2 41

2 56
2 57
2 58
2 59

2 80
2 81
2 82
2 83

3 31
3 34
3 35
3 37

3 28
3 31
3 29
3 32

3 48
3 49
3 49
3 52

3 26
3 27
3 28
3 30

3 37
3 38
3 38
3 40

3 50
3 50
3 51
3 53

3 74
3 75
3.75
3 75
3 77
3 7g
3 7g
3 79
3 82

3 40
3 40
3 41
3 44

3 57
3 58
3 59
3 61

3 46
3 47
3 48
3 49

Aug. 4
li
18
25

3 09
3 11
3 16
3 22

2 83
2 88
2 94
3 00

2 84
2 87
2 94
2 99

2 45
2 47
2 53
2 59

2 62
2 65
2 71
2 76

2 86
2 90
2 97
3 04

3 42
3 46
3 54
3 57

3 35
3 38
3 42
3 45

3 55
3 59
3 62
3 65

3 35
3 33
3 42
3 47

2 43
3 46
3 49
3 52

3 56
3 60
3 63
3 65

3 g5
3 90
3 94
3 95

3 48
3 51
3 55
3 59

3 65
3 68
3 71
3 74

3 52
3 57
3 61
3 62

Sent 1 . .
15
22
29

3 22
3.24
3 23
3.19
3 20

3 04
3 05
3 10
3.08
3 05

3 04
3 07
3 06
3.06
3 06

2 62
2 62
2 63
2.63
2 62

2 81
2 83
2 85
2.86
2 85

3 11
3 12
3 14
3.15
3 15

3 60
3 60
3 60
3.61
3 60

3 50
3 56
3 60
3.59
3 62

3 68
3 71
3 74
3.76
3 78

3 49
3 53
3 55
3.56
3 58

3 56
3 59
3 62
3.64
3 66

3 97
4 01
4 05
4.09
4 12

3 61
3 66
3 68
3.69
3 70

3 17
3.18
3 19
3.24

3 06
3 08
3 12
3 19

3 05
3 07
3 14
3 21

2 61
2 63
2 68
2 72

2 85
2 89
2 94
3 04

3 15
3 15
3 21
3 31

3 58
3 62
3 71
3 77

3 67
3 67
3 69
3 70

4 14
A 16
4 16
4 18

3 72
3 74
3 75
3 76

3 27
3.28
3 28
3.30

3 23
3 27
3 37
3 41

3 24
3 29
3 38
3 49

2 74
2 79
2 85
2 98

3 06
'3 07
3 15
3 "23

3 35
3 42
3 53
3 67

3 82
3 89
3 99
4 09

3 79
3 80
3 81
3 83
3 g^
3 87
3 gg
3 92

3 58
3 57
3 57
3 61

Nov 3
10
17. .
24

3 85
3 86
3 87
3 92

3 95
3 97 '
3 99
4 04

3 45
3 45
3 43
3 43
3 44

3 53
3 55
3 56
3 58
3 59

3 01
3 02
3 04
3 05
3*05

3 29
3 32
3 32
3*32
3 33

3 69
3 69
3 72
3 73
3 75

4 12
4 15
4 17
4 20
4 22

3 81
3 83
3 84
3 86
3 87

3 94
3 97
3 98
3 99
4 00

4 20
4 21
4 22
4 26
4 30
4 32
4 35
4 38
4 41

3 77
3 78
3 79
3 85

3 35
3 35
3 37
3 45
3.44

3 65
3 66
3 67
3 71
3 73
3 72
3 72
3 76
3 79

3 72
3 73
3 73
3 79

Dec 1
8
15
22
29

3 61
3 59
3 61
3 65
3 69
3 68 i
3 72
3 76 i
3 79
3 78
3 75
3 83
3 85

3 78
3 80
381
3.84
3 87
3 g?
3 86
3 87
3 92

3 64
3 67
3 72
3.76
3 78

Oct. 6
13
20
27

3 67
3 71
3 73
3.75
3 76
3 7g
3 80
3 82
3 83

3 89
3 90
3 92
3 97
4 02

4 07
4 07
4 08
4 08
4 10

3 84
3 85
3 85
3 87
3 gg
3 91
3 93
3 93
3 94

s::. ::.:::

Digitized for FRASER


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

3 95
3 96
3 97
4 00
4 02

3 79
3 80
3 82
3 82

I
w

w
oo

00

W
O

oo

H
00

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]

Government bonds

Corporate bonds

State and local


Week ending

United
States
(longterm)

Moody's

Moody's

Standard
and
Poor's

Total

Aaa

Aa

Baa

Standard
and
Poor's
j
AAA

By rating

By group

Total
Aaa

Aa

Baa

Industrial

Railroad

4.06
4,06
4.05
4.03

3.82
3.81
3.78
3.73

3.90
3.91
3.90
3.88

4.03
4.02
4.03
4.00

4.46
4.49
4.50
4.48

4.05
4.06
4.04
4.00

4.14
4.14
4.13
4.11

! Public
utility

1957Jan, 5
12
19
26

3.50
3.45
3.33
3.26

3.44
3.45
3,42
3.37

3.58
3.57
3.53
3.47

3.05
3.05
3.02
2.96

3.32
3.31
3.27
3.19

3.73
3.71
3.65
3.59

4.22
4.22
4.17
4.13

3.85
3.84
3.80
3.77

Feb. 2
9
16
23

3.24
3.18
3.19
3.26

3.34
3.30
3.24
3.22

3.39
3.33
3.26
3.24

2.87
2.81
2.76
2.76

3.09
3.06
3.00
3.00

3.51
3.44
3.34
3.31

4.08
4.00
3.94
3.90

3.74
3.73
3.71
3.68

4.01
1.01
3.99
3.98

3.72
3.69
3.67
3.66

3.86
3.86
3.82
3.81

4.00
3.99
3.98
3.99

4.48
4.48
4.47
4.46

3.98
3.97
3.94
3.93

4:09
4.08
4.06
4.06

Mar 2
9
16
23
30

3.27
3.28
3.26
3.26
3.24

3.26
3.31
3.33
3.33
3.29

3.34
3.37
3.36
3.36
3.33

2.83
2.90
2.88
2.88
2.86

3,13
3.17
3.15
3.15
3.12

3.40
3.42
3.42
3.42
3.40

3,99
3.99
3.99
3.97
3.93

3.68
3.69
3.68
3.69
3.68

3.98
3.97
3.97
3.97
3.96

3.66
3.66
3.66
3.67
3.66

3.80
3.79
3.80
3.80
3.79

3.99
3.97
3.97
3.96
3.96

4.47
4.45
4.43
4.42
4.42

3.93
3.92
3.90
3.90
3.88

4.05
4.04
4.04
4.04
4.05

i
i
?

3.96
3.95
3.95
3.96
3.94

Apr. 6
13
20
27

3.25
3.28
3.34
3.38

3.27
3,27
3.35
3.41

3.32
3.32
3.33
3.43

2.84
2.84
2.87
2.96

i:!!
3.13
3.24

3.38
3.38
3.43
3.52

3.93
3.93
3.93
4.00

3.67
3.69
3.71
3.72

3.96
3.95
3.96
3.98

3.66
3.66
3.67
3.69

3.79
3.78
3.78
3.79

3.95
3.95
3.96
3.96

4.42
4.42
4.44
4.45

3.88
3.87
3.88
3.91

4.04
4.05
4.06
4.07

i
|

3.94
3.93
3.94
3.95

May 4
11
18
25

3.38
3.37
3.40
3.41

3.44
3.44
3.51
3.57

3.44
3.45
3.45
3.49

2.97
2.99
2.99
2,99

3.23
3.23
3.24
3.26

3.51
3.52
3,52
3.54

4.03
4.05
4.06
4.15

3.75
3.73
3.76
3.79

3.99
4.01
4.02
4.03

3.71
3.72
3.73
3.75

3.81
3.83
3.83
3.84

3.97
3.98
3.99
3.99

4.48
4.50
4.53
4,54

3.93
3.93
3.94
3.96

4.10
4.12
4.14
444

June 1
8
15
22
29

3.47
3.49
3.52
3.66
3.64

3.64
3.70
3.72
3.78
3.80

3.57
3.60
3.64
3.68
3.69

3.10
3.14
3.17
3.23
3.23

3.33
3.35
3.40
3.44
3.45

3.62
3.63
3.67
3.71
3.74

4.23
4,27
4.31
4.33
4.35

3.82
3.87
3.93
3.94
3.95

4.06
4.09
4.14
4.18
4.21

3.79
3.82
3.88
3.94
3.97

1
i

3.86
3.90
3.96
4.01
4.05

4.02
4.05
4.07
4.10
4.13

4.56
4.59
4,62
4.66
4,68

4.03
4.06
4.12
4.17
4,20

4.14
4.21
4.25
4.28
4.32

4.01
4.02
4.05
4.08
4.11

July 6
13....."....
20 , .
27

3.59
3.56
3.59
3,65

3.67
3.59
3.63
3.69

3.20
3,11
3.14
3.22

3.42
3.34
3.38
3.48

3.73
3.68
3.73
3.77

4.33
4.24
4.28
4.30

3.97
3.96
3.99
4.04

4.24
4.23
4.25
4.28

4.00
3.97
3.98
4.01

4.08
4.07
4.11
4.12

4.16
4.16
4.20
4.24

4.71
4.72
4.72
4.74

4.20
4.16
4,"17
4.21

4.36
4.36
4.40
4.42

j
!

4.16
4.17
4.19
4.21

Aug. 3
10
17.
24
31

3.63
3.63
3.66
3.63
3,62

3.71
3.81
3.84
3.90
3.92

3.25
3,34
3.37
3.44
3.45

3.49
3.60
3.66
3.71
3.72

3.78
3.89
3.91
3.94
3.98

4.30
4.41
4.43
4.51
4.51

4.06
4.09
4.11
4.15
4.14

4.31
4,34
4.36
4.38
4.41

4.05
4.07
4.09
4.11
4.12

4.16
4.20
4.21
4.20
4.23

4.28
4.31
4.34
4.36
4.39

4.76
4.78
4.82
4.84
4.87

4.26
4.26
4.29
4.29
4.30

4.42
4.45
4.49
4.51
4.53

Sept, 7
14 .
21
28 . . .

3.59
3.60
3.71
3,72

3.92
3.91
3.91
3.87

3.90
3.89
3,89
3.87

3.44
3.43
3.43
3.41

3.70
3.67
3.69
3.67

3.97
3.97
3.96
3.94

4.49
4.49
4.49
4.47

4.43
4.42
4.44
4.45

4.12
4.11
4.12
4.14

4.26
4.25
4.26
4.29

4.41
4.41
4.43
4.44

4.91
4.91
4.94
4.96

4.31
4.31
4.30
4.31

4.55
4.53
4.55
4.59

4.41
4.43
4.46
4.47

Oct. 5
12. ..
19
.....
26

3,72
3.71
3.76
3.74

3.83
3.77
3.76
3.79

3.84
3.73
3.7i
3.71

3.38
3.29
3.29
3.28

3.64
3.49
3.45
3.45

3.91
3.78
3.75
3.74

4.46
4.36
4.33
4.36

4.45
4.44
4.45
4.47

4.12
4.09
4.07
4.11

4.27
4.26
4.28
4.28

4.44
446
4.46
4.47

4.97
4,96
4.98
5.01

4.31
431
4.31
4.34

4.58
4.55
4.57
4.58

4.47
4.47
4.47
4.49

Digitized for FRASER


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

!
ij

3.73
3.71
3.72
3,78
3.80
3.85
3.92
3.96
3.92

i
!

i
i

4,5
4.13
4.14
4.16

4.12
4.12
4.10
4.14

'

i
|

1
:!

3.97
3.97
3.99
3.98
3.97
3.98
3.97
3.96

3.96
3.97
3.97
3.99

fi

4.26
4.32
4.31
4.34
4.37

4.48
4 51
4.50
449
4.47

4.12
4.12
4.12
4.06
4.02

4 29
4 30
4.30
4 30
4.28

4.48
4 50
4.50
4 50
4.49

5 04
5 09
5 10
5 09
5 10

4 35
4 38
4 37
4 31
4 30

4 60
4 62
4 64
4 67
4 67

4 44
4.35
4.27
4.23

3 97
3.84
3.77
3.73

4 23
4^13
4.04
3 98

4 46
4 36
4.27
4 20

5 09
5 06
5.00
5 00

4 23
4 15
4.07
4 01

4 64
4 43
4 "
4 "
4.50
|
4.26
4 48 1 4 19

3.66
3.64
3.58
3 57

4.17
4.13
4 07
4 02

3.68
3.65
3.61
3 57

3.92
3.87
3.82
3 77

4 13
4.05
4 01
3 96

4 96
4.92
4 84
4 77

4 00
3.96
3 91
3 87

4 37
4.33
4 31
4 26

4 15
4.08
3 99
3 93

3.76
3.77
3.77
3.78

3.56
3.59
3 60
3.60

4.00
401
4 01'
4 00

3.56
3.59
3 59
3.58

3.77
3.79
3 78
3.76

3.96
3 99
4 00
4 00

4.72
4 68
4 66
4 64

3.84
3 87
3 86
3 85

4.29
4 30
4 29
4 28

3.89
3 88
3 87
3 86

3 17
3.19
3 22
3.23
3 24

3 85
3.85
3 86
3.89
3 90

3 60
3 63
3 63
3 64
3 67

4 00
4 03
4 03
4 04
4 05

3 60
3 62
3 62
3 63
3 64

3 75
3 76
3 78
3 79
3 79

4 02
4 06
4 06
4 06
4 06

4 65
4 66
4 67
4 68
4 69

3 85
3 86
3 86
3 86
3 87

4 29
4 29
4 30
4 3t
4 32

3 87
3 93
3 95
3 95
3 95

3 05
3.01
3 01
2.95

3 22
3.17
3 17
3.12

3 88
3.81
3 78
3.66

3 66
3 65
3 62
3 60

4 04
403
4 02
4 00

3 64
3 62
3 61
3 57

3 78
3 80
3 78
3 76

4 03
4 03
4 01
3 99

4 69
4 67
4 66
4 66

3 86
3 85
3 83
3 81

4 33
4 34
4 33
4 30

3 92
3 91
3 89
3 89

2 64
2.66
2 71
2 71
2 71

2 93
2.94
2 96
2 96
2 95

3 10
3.12
3 13
3 13
3 13

3 64
3.65
3 76

3 60
3.61
3 63
3 61
3 59

3 99
4.00
4 00
4 00
3 99

3 55
3.57
3 57
3 57
3 57

3 75
3.77
3 78
3 78
3 79

3 99
4.01
4 03
4 02
4 02

4 66
4^63
4 62
4 62
4 60

3 80
3^81
3 80
3 79
3 79

4 29
4.30
4 31
4 31
4 30

3 14
3 14
3.15
3 21

2 72
2 72
2 75
2 78

2 94
2 94
2 96
3 01

3 13
3 12
3 14
3 20

3.76
3 84

3 60
3 59
3 60
3 65

3 98
3 97
3 96
3 98

3 56
3 56
3 57
3 61

3 78
3 77
3 76
3 79

4 02
4 Ot
3 98
4 00

3 77
3 76
3 75
3 yg

4 30
4 27
4 26
4 29

3 37
3.43
3 45
3 46

3 22
3.22
3 22
3 22

2 78
2.78
2 78
2 78

3 03
3.03
3 02
3 04

3 22
3.23
3 23
3 24

3.84
3.85
3 83
3 82

3 64
3 66
3 72
3 74

3 99
3 98
4 01
4 04

3 62
3 63
3 67
3 70

3 79
3 79
3 82
3 86

4 01
4 00
4 03
4 05

4 58
4 55
4 53
4 54
4 53
4 51
4 52
4 55

3 87
3.89
3 90
3 89
3 89
3 gg
3 gg
3 88
3 90

3 79
3 79
3 80
3 83

4 29
4 27
4 30
4 33

3 89
3 90
3 93
3 97

3.44
3.53
3 61
3 62
3 67

3.52
3 63
3 68
3 76
3 88

3.25
3 34
3 47
3.55
3 66

2.84
2 91
3 04
3 12
3 22

3.05
3 14
3 27
3 35
3' 49

3.29
3 38
3 53
3*63
3 70

3.83
3 92
4 03
4. tO
4 21

3 74
3 78
3 79
3 89
3 97

406
4 11
4 16
4 20
4 25

3.71
3 77
3 83
3 89
3 94

3 86
3 91
3 97
4 00
4 06

4 09
4 13
4 17
4 20
4 25

4 56
4 60
4 66
471
4 74

3 84
3 87
3 92
3 96
4 02

4 34
4 38
4 41
4 44
4 47

3 72
3.75
3 76
3.74

3 95
3 98
3 95
3 94

3 75
3.77
3 74
3.71

3 29
3.31
3 28
3 24

3 57
3 62
3 58
3 53

3 81
3.82
3 80
3.76

4 31
4.34
4 32
4.29

4 03
4 07

4 12
4 10

4 33
4 38
4 41
4 42

4 03
407
4 10
4 11

4 13
4 19
4 22
4 23

4 80
4 86
4 8
4 90

4 15
4 24
4 26
4 26

4 50
4 51
4 52
4 53

Oct. 4
11 .
18
25

3.83
3 72
3.74
3 77

3.97
3 95
3 94
3 93

3.72
3 73
3.67
3 68

3.25
3 25
3 21
3 23

3 55
3 56
3 48
3 49

3.78
3 81
3.73
3 74

4.29
4 30
4.26
4 24

4 13
4 10
4 07
4 07

443
4 44
4 42
4 41

4 13
4 13
4 09
4 10

4 23
4 23
4 20
4 20

4 34
4 41
4 42
4 42
4 44
4 46
4 44
4 44

4 01
4 07
4 14
4 20
4 27
4 33
4 40
4 44
4 45

4 92
4 94
4 94
4 91

4 26
4 26
4 23
4 24

4 55
4 57
4 58
4 55

4 48
4 49
4 46
4 44

Nov 1.
8
15.
22
29.

3 75
3 75
3 71
3 69
3 67

3 89
3 88
3 86
3 81
3 80

3 64
3 60
3 59
3 59
3 57

3 21
3 19
3 17
3 17
3 14

3 45
3 41
3 39
3 39
3 34

3 73
3 69
3 69
3 70
3 68

4 16
4 12
4 12
4 11
4 10

4 13
4 11
4 10
4 08
4 06

4 42
4 42
4 41
4 39
4 38

4 12
41 1
4 10
4 08
4 07

4 21
421
4 22
4 20
4 19

4 44
4 45
4 45
4 42
4 41

4 90
4 89
4 88
4 86
4 gs

4 25
4 25
4 24
4 23
4 22

4 57
4 57
4 57
4 57
4 55

4 44
4 44
4 42
4 38
4 37

Dec. 6 . .
13
20 ..
27

3.73
3 77
3 83
3 84

3 81
3 82
3 83
3 86

3 57
3 57
3 56
3 56

3 14
3 13
3 11
3 12

3 35
3 35
3 33
3 35

3 68
3 68
3 68
3 68

4 10
4 10
4 10
4 10

4 07
4 08
4 09
4 12

4 38
4 38
4 38
4 39

4 06
4 06
4 07
4 09

4 19
4 19
4 17
4 18

4 41
4 41
4 41
4 43

4 85
4 84
4 85
4 86

4 23
4 23
4 23
4 24

4 53
4 52
4 52
4 53

4 38
4 38
4 38
4 40

Nov 2
9
16
23 .
30

3.74
3 68
3.62
3 49
3.48

3.82
3 80
3.82
3 73
3.67

3.72
3.72
3.73
3.67
3.56

3.30
3.30
3.28
3.23
3.16

3.46
3 48
3.49
3 39
3.31

3.74
3.74
3.74
3.69
3.53

4.37
4.37
4.39
4.37
4.25

4.17
4.17
4,17
4.09
4.07

3 37
3.31
3.29
3 26

7 ^"7

14..
21
28 .

3 '48
3.45
3 43

i <n
3.34
3.27
3.26

303
2.94
2.86
2.84

3 12
3.06
3.01
3 01

3 44
3.33
3.28
3.28

4 14
4.03
3.92
3.92

3 99
3.91
3.80
3.68

3.22
3.20
3.21
3 27

3.44
3.41
3 33
3 26

3.28
3.26
3.12
3 08

2.86
2.86
2 68
2 65

3.05
3.01
2.87
2 87

3.28
3.29
3.15
3 07

3.92
3.88
3.77
3 73

Feb. 1
8
15
22

3.28
3.27
3 25
3.25

3.26
3.34
3 36
3.36

3.12
3.14
3.13
3.15

2.68
2.70
2 70
2.73

2.92
2.96
2 95
2.95

3.10
3.11
3 11
3.12

Mar 1
8. .
15
22 ..
29

3 27
3.27
3 27
3.24
3 21

3 42
3 45
3 45
3 45
3 46

3 19
3.20
3 22
3.24
3 25

2 76
2 78
2 78
2 79
2 79

2 98
3 01
3 03
3 05
3 06

Apr 5
12
19
26 ..

3 19
3.15
3 10
3.07

3 42
3.37
3 31
3.24

3 23
3.17
3 16
3.09

2 77
2 70
2 69
2.64

May 3
10
17
24
31

3 14
3.14
3 15
3.13
3 13

3 23
3.25
3 26
3 26
3 21

3 08
3.09
3 14
3 14
3 14

. . 3 14
3 15
3 21
3 26

3 21
3 22
3 26
3 35

July 5
I?:::::::..
19
26

3 26
3.31
3 39
3 38

Aug. 2
9.
16
23.
30

1958 Jan 4. .
11
18..
25

June 7
14
2! ..
28

Sent 6

is.

20
27.

Digitized for FRASER


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

::

4 50
451
4 51
4 48
4 46

I
w

00

W
O

00

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]

Government bonds

w
Corporate bonds

State and local


Week ending

Moody's

Moody's

Total

Aaa

Aa

Baa

3.83
3.84
1 89
3.96
3.94

3. 86
3.86
3.85
3.87
3.90

3.57
3.60
3.58
3.59
3.62

3.12
3.19
3.19
3.19
3.20

3.36
3.39
3.39
4.40
3.43

3.69
3.71
3.65
3.67
3.70

4.10
4.12
4.08
4.10
4.13

4.12
4.11
4.13
4.15
4.18

Feb. 7 .
14
21
28

3.93
3.92
3.91
3.90

3.90
3.86
3.84
3.78

3.62
3.60
3.55
3.51

3,20
3.18
3.13
3.11

3.45
3.43
3.35
3.28

3.70
3.69
3.65
3.61

4,13
4.11
4.05
4.03

Mar 7
14...
21.
28

3.87
3.92
3.92
3.94

3.74
3.76
3.74
3.78

3.44
3.44
3.44
3.44

3.06
3.06
3.06
3.06

3.23
3.21
3.23
3.23

3.54
3.55
3.53
3.56

Apr. 4
11...
18
25.. .

3.95
3.97
4.01
4.05

3.78
3.80
3.83
3.88

3.47
3.49
i 3.51
3.58

3.07
3.09
3.09
3.14

3.26
3.28
3.34
3.4,

May 2
9. . .
16
23...
30

4.05
4.05
4,09
4.11
4.08

3.93
3.96
3.97
3.97
3.97

3.61
3.65
3.71
I 3.72
3.73

3.18
3.23
3.30
3.31
3.31

3.43

June 6
13
20...
27.

4.10
4.09
4.09
4.10

4.00
4.01
4.06
4.10

3.73
3.76
3.82
3.88

July 4. . .
11
18
25

4.12
4.13
4.08
4.10

4.10
4.09
4.05
4.00

Aug. 1 . . . . . . . . .
8... .
IS...
22.........
29...

4.10
4.08
4.06
4.08
4.15

Sept. 5
. .
12...
19..
26...
Oct. 3 . . . . . . . . .
10
17. . . . . . . . .
24 . . .
31

10...

17
24
31

Digitized for FRASER


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

00

Standard
and
Poor's
AAA

Standard
and
Poor's

!959Jan. 3

32

United
States
(longterm)

By r ating

By group

Total
Aaa

Aa

Baa

Industrial

Railroad

Public
utility

4.40
4.40
4.41
4.41
4.44

4.10
4.09
4.11
4.12
4.16

4.19
4.20
4.22
4.23
4.25

4.43
4.44
4.43
4.42
4.43

4.87
4.85
4.86
4.88
4.90

4.25
4.26
4.27
4.28
430

4.54
4.53
4.53
4.51
4.55

4.40
4.41
4.42
4.45
4.46

4.17
4.16
4.14
4.13

4.43
4.44
4.42
4.41

4.15
4.14
4.14
4.13

4.25
4.25
4.24
4.22

4.43
4.44
4.43
4.40

4.90
4.90
4.89
4.89

4.30
4.31
4.32
4.31

4.54
4.53
4,50
4.47

4.47
4.47
4.46
4.44

3.95
3.93
3.92
3.92

4.11
4.13
4.14
4.15

4.40
4.40
4.41
4.41

4.11
4.13
4.13
4.14

4.21
4.22
4.24
4.26

439
4.40
4.41
4.41

4.87
4.87
4.85
4.83

4.29
4.29
4.28
4.27

4.48
4.50
4.52
4.52

4.43
4.42
4.42
4.43

3.59
3.59
3.62
3.

3.97
3.98
3.98
4.06

4.18
4.19
4.21
j 4.25

4.42
4.43
4.45
4.49

4.17
4.20
4.22
426

4.27
4.28
4.31
435

4.41
4.41
4.42
4.48

4.84
4.84
4.83
4.88

4.30
4.31
4.33
4.39

i 4,53
4,54
4.54
4.58

4.44
4.45
4.46
4.51

i 3.54
3.55
3.S7

3.73
3.77
3.81
3.83
1 3.83

4.09
4.12
4.19
4.20
4.20

4.29
4.33
4.37
i 4.38
4.43

4.52
4.55
4.58
4.63
4.66

430
4.33
436
4.39
4.42

437
4.41
4.44
4.49
4.52

4.51
\ 4.53
4.58
4.65
4.70

4.91
] 4.93
4.94
4.97
5.01

4.41
4.42
4.44
4.48
4.52

4.59
4.62
1. 4.65
[ 4.70
4.72

4.57
4*62
4,66
4.70
4.74

3.31
3.32
3.39
3.45

i 3.57
i 3.60
3.69
3.73

1 3.83
3.87
3.91
3.97

4.20
4.23
4.29
4.38

4.43
4.47
4.46
; 4.47

4.68
4.69
4.70
4.70

4.44
4.47
4.46
4.47

4.54
4.56
4.57
4.58

4.70
4.70
4.70
4.71

5.03
5.03
5.04
5.04

4.53
4.55
4.57
4.57

4.75
! 4.76
i 4,76
4.76

4.76
4.76
4.76
' 4.78

3.96
3.94
3.93
j 3.89

3.54
3.52
3.51
3.48

3.80
3.78
3.76
3.71

4.03
4.00
4.00
3,97

4.46
4.45
4.45
4.39

4.48
1 4.48
4.48
4.47

4.71
i 4.72
4.72
4.72

4.48
4.48
4.47
4.46

4.59
4.59
4.59
4.58

4.72
' 4.74
4.76
i 4.75

5.05
5.07
5.09
5.09

4.57
4.57
4.59
4.58

4.79
4.79
4.79
4.79

4.78
4.79
4,79
j 4.79

3.97
3.94
3.94
3.94
4.00

1 3.89
3.84
3.84
3.83
3.83

3.48
3.44
3.43
3.43
3.44

3.71
3.64
3.63
3.63
3.63

3.97
3.91
1 3.91
3.90
3.90

4.39
4.37
4.37
4.35
4.35

I 4.45
i1 4.43
4.42
4.43
4.47

4.72
4.70
4.70
4.70
4.73

4.45
4.43
4.42
4.42
4.44

4.59
4.58
4.57
4.56
4.59

4.74
4.73
4.72
4.73
4.77

5.07
5.08
5 09
5.09
5.11

j 4.57
4.55
4.54
4.55
4.58

4.80
4.80
4.80
4.80
4.82

4.77
4.77
4.76
4.76
4.79

4.24
4.25
430
4,27

4.09
4.11
4.16
i 4.16

3.90
3.94
3.97
;; 3.98

3.52
3.59
3.63
3.65

3.73
3.77
3.80
3.81

3.95
3.99
4.01
4.01

1 4.38
4.41
4.44
4.44

4.52
4.51
4.54
4.55

4.77
4.78
4.81
485

4.47
4.49
4.52
4.54

' 4.63
4.65
4.69
4.73

4.83
4.84
4.B6
4,90

5.13
5.15
5.18
* 22

4.63
! 4.65
4.69
4.7!

' 4.83
4.85
4.86
4/13

4.83
4.85
4.89
4.92

4.21
4.14
4.13
4,06
4.09

4.12
4.07
4.01
3.9S
3.93

3.97
!
3.94
'! 3.92
3.86
3.83

3.64
3.61
3.58
3.53
3.49

3.80
3.75
3.71
3.66
3.63

4.01
3.99
3.97
3.93
3.91

4.44
4.41
4.40
4.34
4.31

4.57
4.54
4.54
4.55
4.57

4.87
4.88
4.87
4.86
4.85

4.57
4.57
4.56
4.56
4.56

4.76
4.76
4.75
4.76
4.75

4.91
4.89
4.88
4.86
4.85

5.26
5=28
5.29
5.28
5.26

4.70
4,70
4.69
4.70
4.70

4.95
4.97
4,97
4.96
4.95

4.96
4.96
4.96
4.93
4.91

; 3.48

i
1
1

Nov. 7
14
21
28

4.09
4.10
4.13
4.15

3.93
3.95
3.93
3 93

3.83
3 83
3.78
3 78

3.48
3 47
3.41
3 38

3.62
3 61
3.56
3 56

3.91
3 91
3.87
3 88

4.31
4 31
4.28
4.29

4.56
4 55
4.55
4 54

4.86
4 85
4.86
4 84

4.57
4 57
4.57
4 55

4.72
4 71
4.70
4 69

4.85
4 85
4.87
4 86

5.27
5 27
5.27
5 26

4.69
4 69
4.70
4 59

4.98
4 98
5.01
5 00

4.89
4 88
4.86
4 83

Dec 5

3.97
401
4.06
4 11

3 80
3 79
3.81
3 89

3 38
3 38
3 40
3 49

3 57
3 57
3 60
3 67

3 90
3 88
3 90
3 99

4 33
4 33
4 35
4 42

4 55
4 58
4 59
4 61

4 85
4 85
4 88
4 89

4 55
4 56
4*59
4 59

4 69
4 71

26

4.21
4 22
4.25
4 32

4 77

4 87
4 gg
4*90
4 91

5 25
5 25
5 27
5 30

4 69
4 68
4 71
4 71

5 01
5 02
5 05
5 08

4 83
4 84
4 87
4 89

I960 Jan 2
9
16
23
30

4 37
4.42
4 37
4.35
4 36

4 12
4.19
4 15
4.09
4 08

3 90
3.95
3 92
3 90
3 90

3 49
3 53
3 49
3 47
3 47

3 67
3 76
3 73
3 71
3 71

3 99
406
4 02
4*00
4 01

4 43
4.46
4 43
4.41
441

4 61
4 62
4 62
4 62
4 62

4 90
4.90
4 91
4.92
4 92

4 61
4 61
4 61
4 61
4 61

4 77
4 77
4 78
4 78
4 77

4 91
4 92
4 92
4 93
4 94

5 32
5 32
5 34
5 35
5 36

4 72
4 73
4 74
4 74
4 74

5 09
5 09
5 08
5 08
5 09

4 89
4 90
4 92
4 93
4 93

Feb. 6
13
20.
27

4.29
4.20
4.16
4 22

4.01
3.95
3 95
3 97

3.88
3.83
3 81
3 82

3.43
3 38
3 38
3 39

3.69
3 65
3 63
3 65

3.98
3 93
3 90
3 91

4.40 '
4.35
4 31
4 32

4.60
4.56
4 53
4 52

4.92
4.90
4 87
4 86

4.60
4 57
4 54
4 54

4.76
4 73
4 69
4 67

4.94
4 93
4 91
4 91

5.36
5 36
5 33
531

4.73
4 72
4 70
4 70

5.08
5 07
5 04
5 02

4.93
4.91
4 86
4 85

Mar 5
12
19
26

4 22
4.11
4 05
4.00

3 96
3.88
3 85
3.82

3 84
3 80
3 78
3.74

3 40
3 37
3 35
3.32

3 67
3 62
3 61
3. '58

3 92
3 88
3 86
3*79

4 35
4 31
4 29
4.26

4 52
4 47
4 47
4. '45

4 86
4 83
4 80
4.78

4 54
4 51
4 48
4.46

4 67
4 66
4 61
4. "59

4 90
4 88
4 g5
4. '83

5 31
5 28
5 26
5.22

4 70
4 67
4 64
4.60

5 02
5 01
4 98
4.98

4 85
4 83
4 78
4*75

Apr 2
9
16
23
30

4.07
4.10
4.18
4.21
4.20

3.82
3.80
3.83
3.85
3.87

3.70
3.70
3.71
3.70
3.75

3.28
3.28
3.29
3.29
3 34

3 54
3.54
3 55
3.53
3 56

3 75
3.75
3 77
3.78
3 80

4.22
4.22
4.24
4.23
4.28

4 43
4.42
4.45
4.46
4.44

4.75
4.74
4.75
4.76
4.78

4 45
4.44
4 45
4.45
4 46

4 56
4.56
4 56
4.58
4 61

4 81
4.79
4 79
4.80
4 81

5 18
5.17
5 18
5.21
5 23

4 59
4.58
4 59
4.61
3 63

4 95
4.96
4 96
4.96
4.98

4.71
4.68
4.68
4.70
4.72

May 7
14
21
28

4.17
4.13
4.18
4.16

3.87
3.81
3.85
3 85

3.73
3.73
3.78
3 79

3.32
3.32
3.37
3 38

3 53
3.53
3 58
3 60

3 79
3.79
3 85
3 86

4.28
4.28
4.33
4 33

4.44
4.44
4.47
4 45

4.80
4.79
4.80
4 81

4.46
4.45
4.46
4 47

4.61
4.61
4.61
462

4.83
4.83
4.84
4 85

5 27
5.28
5.28
5 28

4 65
4.65
465
4 66

4.98
4.97
4.98
4 98

4.76
4.76
4.76
4 77

June 4
11 ...
18
25

4.07
4.00
3 96
3.97

3.85
3 81
3 76
3 72

3.78
3 78
3 72
3.71

3 38
3 38
3 31
3 30

3 58
3 58
3 50
3 50

3 85
3 84
3 80
3 80

4.32
4 30
4 25
4 24

4.45
4 44
4 44
4 44

4.81
4 77
4 77
4 78

448
4 44
4 45
4 45

4.63
4 59
4 59
4 59

4.85
4 81
4 80
4 79

5 27
5 24
5 26
5 27

4 66
4 64

4.98
4 92
4 93
4 94

4.78
4 76
4 76
4 75

3.30
3 30
3 32
3 32
3 28

3 50
3 50
3 55
3 54
3 50

3 80
3 80
3 86
3 86
3 82

4.24
4 24
4 27
4 26
4 25

4.43
4 42
4 40
4 39
4 36

4 78
4 77
4 77
4 73
4 69

444
4 44
4 43
4 40
4 3g

4.59
4 58
4 58
4 55
4 52

4.80
4 80
4 79
4 77
4 72

5 28
5 27
5 26
5 20
5 15

464
4 60
4 57

4.94
4 93
4 93
4 89
4 85

4.75
4 75
4 73
4.70
4 66

19

d'-7d

Sw

July 2
9 ..
16
23. ...
30

3.96
3 91
3 87
3.84
3 81

3.74
3 75
3 75
3 71
3 68

3.71
3 71
3 75
3.75
3 71

Auc 6 .......
AUg.^..

3 75
3.78
3 81
3.81

3 64
3.57
3 50
3.47

3 68
3.62
3 51
3.47

3 22
3 14
3 03
2 99

3 47
3 42
3 32
3 27

3 78
3 70
3 59
3 55

4 24
4 21
4 11
4 05

4 34
4 29
4 26
4 24

4 67
4 64
4 60
4 57

4 34
4 30
4 26
4 23

4 49
446
4 43
4 41

4 71
4 68
4 65
462

5 15
5 11
5 06
5 03

4 54
4 50
4 49
4*46

4 86
4.83
4 82
4.79

4 63
4.57
4 51
4.47

20
27

Sept 3
10
17
24 ...

3 84
3.84
3.84
3 79

3 48
3.49
3.52
3 54

3 46
3.50
3.57
3 57

2 99
3.03
3 13
3 13

3 26
3.31
3 40
3 41

3 55
3.59
3 66
3 66

4 05
4.07
4 09
4 09

4 23
4.24
4.25
4 24

4 57
4.56
4.57
4 58

4 23
4.23
4.26
426

4 40
4.41
4.41
441

4 62
4.61
4.63
463

5 01
4.98
4.99
5 02

4 45
4.45
4 46
4 46

4 79
4.77
4.79
4.78

4 46
4.46
4.47
4.50

3.81
3.88
3.92
3 93
3.90

3 58
3.62
3.62
3 60
3 62

3.61
3.64
3.65
3 65
3 61

3 18
3.21
3.21
3 21
3 17

3 45
3.48
3.50
3 50
3 48

3 69
3,70
3.72
3 71
3 66

4 13
4.15
4.17
4 17
4 13

4 25
4.29
4.29
4 31
4 31

4 59
4.61
4.63
4 64
465

4 27
4.28
4.29
4 31
4 30

4.40
4.42
4.44
446
446

4 64
4.65
4.67
4 68
4 69

5 05
5.09
5.12
5 12
5 13

4.78
448
4.81
4.49
4.84
4.50
|
4 86
4.86

4.52
4.53
4.56
4.57
4.57

Nov. 5
12
19
26

3.90
3 91
3.92
3 94

3.48
3 45
3 43
3 46

3 59
3 59
3 54
3 55

3
3
3
3

16
16
12
12

3 45
3 45
3 38
3 38

3 65
3 64
3 60
3 61

4 11
4 11
4 07
4 07

4.32
4 32
4 33
4 36

4.64
4 63
463
4 65

4 30
4 29
4 30
4 32

4.47
4 47
4.46
4 49

T
I

5.10
5 08
5.07
5 08

1
450
4 52

4.87
4 84
4.83
4.85

4.55
4.55
4.56
4.57

Dec. 3
10
17
24
31

3.97
3 93
3 86
3.86
3 82

3.50
3 47
3 44
3.44
3 44

3.56
3 52
3 52
3.51
3 51

3.14
3 12
3 12
3 12
3 11

3.39
3 34
3 34
3 35
3 35

3.63
3 58
3 58
3 61
3 61

4.07
4 06
4 06
3 98
3 98

4.36
4 38
4 37
4.37
4 37

4.66
4 67
4 66
4.67
4 67

4.33
4 35
4*34
4.34
4 35

4.50
4 51
4 50
4.51
4 51

4.69
4 70
470
4.71
472

5.10
5 11
5 11
5.09
5 09

4.55
4 56
4 55
4.55
4 55

4.86
4 86
4.87
4.88
4.88

4.57
4.59
4.57
4.57
4.57

Oct

1
8. . .
15
22
29

Digitized for FRASER


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

C/3

H
t<
W

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B. WEEKLY, 1941-70Continued
[Per cent per annum]

Government bonds

Corporate bonds

State and local


Week ending

1961

United
States
(longterm)

Moody's

Moody's

Standard
and
Poor's

Total

Aaa

Aa

Baa

Standard
and
Poor's
AAA

By rating

By group

Total
Aaa

Aa

Baa

i Indus1 trial

Railroad

Public
utility

7
14
21
28

3.84
3.90
3.92
3.89

3.46
3.46
3.42
3.40

3.54
3.55
3.58
3.56

3.13
3.14
3.16
3,16

3.36
3.37
3.38
3.38

3.65
3.65
3.69
3.65

4.03
4.04
4.09
4.09

4.35
4.34
4.31
4.32

4.66
4.66
4.65
4.65

4.34
433
432
4.31

4.50
4.48
4.47
4.47

4.70
4.70
4.69
4.68

5.08
5.10
5.11
5.12

4.55
4.53
4.52
4.51

j 4.86
4.87
i 4.86
1
4.87

4.57
4.57
4.58
4.56

Feb. 4
11
18

3.88
3.84
3.81
3.76

3.40
3.35
3.31
3.27

3.56
3.53
3.53
3.51

3.16
3.14
3.14
3.12

3.38
3.35
3.34
3.33

3.65
3.59
3.57
3.55

4.09
4.05
4.05
4.05

4.30
4.27
4.27
4.26

4.63
4.61
4.60
4.58

4.30
4.28
4.27
4.25

4.46
4.42
4.40
4.38

4.67
4.64
4.64
4.61

5.10
5.07
5.07
5.06

4.49
4.47
4.44
4.43

4.85
4.82
4.83
4.83

4.55
4.53
4.51
4.48

3.77
3.75
3.78
3.80

3.29
3.36
3.41
3.43

3.52
3.56
3.62
3.66

3.13
3.18
3.26
3.29

3.33
3.37
3.43
3.49

3.57
3.60
3.66
3.69

4.05
4.09
4.12
4.16

4.23
4.22
4.22
4.23

4.56
4.55
4.53
4.53

4.23
4.22
4.21
4.22

4.36
435
4.33
4.32

4.60
4.58
4.57
4.55

5.04
5.02
5.02
5.02

4.41
4.40
4.39
439

! 4.80
4.79
4.78
4.77

4.46
4.44
4.43
4.42

3.81
3.82
3:81
3.81
3.78

3.43
3.44
3.44
! 3.44
3-44

3.65
3.64
3.62
3.58
3.58

3.30
3.30
3.30
3.24
3.24

3.48
3.50
3.48
3.46
3.46

3.71
3.68
3.68
3.64
3.64

4.11
4.06
4.03
3.98
3.98

4.22
4.25
4.26
4.28
4.30

4.53
4.53
4.54
4.56
4.58

4.22
4.23
4.24
4.26
4.28

4.32
434
4.36
4.39
4.41

4.55
5.56
4.57
4.60
4.62

5.02
5.01
5.00
5.00
5.01

4.39
4.41
4.44
4.47
4.50

4.77
4.75
4.74
4.75
4.77

4.42
4.44
4.45
4.47
4.47

20
27

3.72
3.70
3.71
3.78

3.38
3.34
3.34
3.40

3.56
3.56
3.56
3.58

3.24
3.24
3.24
3.27

3.44
3.44
3.44
3.47

3.62
3.62
3.62
3.62

3.95
3.95
3.95
3.95

4.30
4.28
4.29
4.31

4.59
4.58
4.58
4.58

4.29
4.27
4.25
4.27

4.41
4.40
4.41
4.42

4.62
4.62
4.63
4.64

5.02
5.01
5.01
5.01

4.49
4.47
4.47
4.48

4.78
4.76
4.77
4.77

4.49
4.49
4.49
4.50

June 3
10
17
24

3.79
3.86
3.86
3.90

3.42
3.48
3.53
3.54

3.58
3.67
3.67
3.64

3.28
3.35
3.37
3.37

3.47
3.55
3.55
3.52

3.62
3.69
3.69
3.71

3.95
3.99
3.99
3.97

4.33
4.36
4.38
4.38

4.60
4.62
4.62
4.64

4.29
4.31
4.33
434

4.42
4.44
4.44
4.47

4.66
4.68
4.68
4.70

5.02
5.03
5.03
5.04

4.50
4.52
4.54
4.54

4.80
4.81
4.81
i 4.84

4.50
4.51
4.52
4.52

3.55
3.56
3.55
1 3.50
3.50

3.63
3.64
3.63
3.62
3.61

3.37
3.37
3.36
3.34
3.33

3.52
3.53
3.51
3.49
3.48

3.7!
3.72
3.72
3.70
3.68

3.94
3.94
3.95
3,93
3.93

4.40
4.41
4.41
4.42
4.44

4.66
4.67
4.69
4.70
4.71

4.36
439
4.41
4.41
4.42

4.49
4.51
4.52
4.55
4.54

4.71
4.73
4.74
4.76
4.76

5.05
5.07
5.08
5.09
5.10

4.57
4.59
4.58
4.60
4.60

4.84
4.87
4.88
4.91
4.90

4.55
4.57
4.59
4.60
4.62

3.60
3.62
3.63
3.63

3.32
3.32
3.33
3.33

i 3.48
3.51
3.51
3.51

3.68
3.69
3.71
i

3.93
3.97
3.97
3.97

4.46
4.47
4.47
4.46

4.72
! 4.73
4.74
4.74

4.45
4.45
4.45
4.44

4.56
4.57
4.57
4.58

4.77
4.78
4.80
4.81

i 5.11
5.11
5.12
5.11

4.60
4.60
4.61
4.61

4.92
4.92
4.92
4.93

4.65
4.66
4.68
4.68

4.45
4.47
4.48
4.48
4.44

4.74
4.74
4.75
4.74
4.74

4.44
4.46
4.46
4.45
4.45

4.59
4.59
4.59
4 S9
4.59

4.81
4.81
4.82
4.8!
4.81

5.12
5.12
5.12
5 !2
SA2

4.61
4.62
4.62
4.61
4.60

4.93
: 4.94
4.95
455
4.95

4.68
4.67
4.67
4.67
4.67

4.43
4.41
4.42
4.39

4.74
4.72
4.72
4.72

4.43
4.42
4.42
4.42

4.57
4.56
4.56
4.56

4.80
4.79
4.78
4.78

5.13
5.13
5.13
5.13

4.60
4.60
4.59
4.60

4.94
4.92
4.92
4.91

4.66
4.65
4.66
4.65

Jan

25

Mar. 4
11
18.
25

Apr.

1
8
15
22

29

May 6. . . . . . . . .

is..;......

July 1 ,
H

. . .

15
22

...

29

3.93
3.92
3.92
3.88
3.89

3.95
4.03
4.01
4.01

3.52
3.56
3.56
3.56

Kept 2
9. . . . . . . . .
16
23. . . . . . . . .
30.........

4.01
4.02
4.06
4.02
3.98

3.56
3.57
3.57
3.54
, 3.48

3.63
3.65
3.65
3.65
3.61

3.34
3.34
3.34
3.34
3.3i

3.52
3.52
3.52
3.52
3.47

3.71
3.67

3.98
4.02
4.02
4.02
4.00

Get. 7. . . . . . . . .

3.98
4.00
3.98
3.96

,1 3.48
3.48
3.46
3.42

3.61
i 3.60
3.59
3.56

3.30
330
3.27
3.25

3.47
3.46
3.44
u 3.43

3.65
3.65
3.65
, 3.62

j 4.00
! 4.00
4.00
3.94

Aug.

Digitized for FRASER


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

12
19
26

14

...

21
.....
28.........

1962

Nov 4
11
18
25

3.95
3.96
4.00
3.98

3.41
3.39
3.42
3.46

3.53
3.53
3.56
3.59

3.24
3.24
3.26
3.29

3.38
3.38
3.41
3.44

Dec 2
9
16
23
30

4 01
4 05

3 61
3.63

4.06
407

3 50
3 52
1 S^
3 48
3 44

3.62
3 62

3 31
3.32
333
3.32
3 31

3.48
3.50
3.52
3.51
3.51

Jan 6
13
20
27

4 06
4.08
4 08
4.08

3 39
3,32
3 34
3.30

3 59
3.57
3 54
3.50

3 26
3.22
3 19
3.17

4.10
4.09
4 08
4.12

3.25
3 26
3 26
3 30

3.44
3.40
3 35
3.39

4 08
4.06
4 02
3.97
3 96

3 30
3 23
3 18
3 18
3 18

21
28

3 90
3.89
3 88
3.90

May 5
12
19
26

June 2
9
16
23
30

4.40
4.38
4.38
4.39

4.71
4.70
4.70
4.69

4.40
4.39
4.39
4.39

4.54
t
.

3.65

3.93
3.93
3.95
3.96

4.77
4.76
4.75
4.74

5.12
5.11
5.11
5.10

4.59
4.58
4.57
4.57

4.91
4.90
4.89
4.88

4.64
4.63
4.63
4.62

3.65
3.65
3.65
3.62
3.61

4.01
4.03
4.04
4.04
4.04

4.38
4.39
4.42
4.42
4.44

4.69
4.69
4.71
4.72
4.72

4 38
4.39
4.42
4.44
4 44

1
4.54
4.56
4 57
4 57

4.74
4.74
4.74
4.75
4 75

5.10
5.10
5.U
5.11
5 10

4,7
4.58
4.59
4.60
4 60

4 88
4.90
4.91
4.92
4 93

4 62
4.62
4.61
4.62
4 62

3 48
3.46
3.44
3.39

3.59
3.56
3.51
3.48

4.04
4.04
4.00
3.96

4.40
4.38
4.39
4.38

4.71
4.70

4 56
4.54
4 54
4.55

4 74
t

443
4.42
4 42
4.41

5.11
5.09
5.08
5.08

4.59
4.57
4.57
4.57

493
4.92
4 92
4.91

4 62
4.61
4 61
4.61

3.12
3 09
3 04
3.08

3.31
3.28
3 25
3.28

3.43
3.41
3.35
3.39

3.88
3.83
3 78
3.81

4.39
4.40
4 41
4.39

4.70

4.42
4.42
443
4.42

4.56
4.56
4 56
4.56

i
4.74

5.07
5.08
5 08
5.07

4.57
4.58
4 57
4.57

4.91
491
4 91
4.90

4.61
4.62
4 63
4.63

3 39
3 32
3 26
3 26
3 25

3 08
3.03
3 00
3 00
3 01

3 28
3.19
3 15
3.16
3 15

3 40
3.33
3 28
3.28
3 26

3 81
3.71
3 59
3.61
3 60

4 38
4.36
4 36
4.37
4.34

4 69
4.68
4 67
4.66
4 65

4 42
440
4 39
4 39
4 38

4 55
4 54
4 53
4 53
4 52

4 73
4.72
4 71
4.70
4 69

5 05
5.05
5 04
5.02
5 02

4 55
4.53
4.52
4.50
4.49

4 89
4 89
4 88
4 88
4 87

4 62
4.62
4 61
4.60
4.59

3 14
3.11
3 06
3.01

3 24
3.24
3 21
3.17

3 01
3.01
2 97
2.93

3 14
3.13
3 11
3.07

3.23
3.23
3.21
3.15

3 57
3.57
3 55
3.52

4.34
4.31
4.28
4.28

4 65
4 63
4 62
4.61

4 37
4.34
4 33
4.31

4 51
4.50
4 49
4.48

4 68
4.67
4.66
4.64

5.03
5.02
5.01
5.01

4.48
4.46
4.45
4.44

4 87
4.86
4 86
4.85

4.59
4.58
4.56
4.54

3 87
3 85
3 87
3.90

3 01
3 02
3 07
3,15

3 16
3 17
3 18
3.24

2 92
293
2 94
3 00

3 06
3.06
3 07
3.11

3 15
3.15
3 18
3.25

3 52
3.52
3 52
3.58

4 27
4.25
4.24
4.23

4 61
4,59
4 58
4.57

4 30
4.29
4 28
4.27

4 47
4.45
4 42
4.41

4 63
4.63
4 61
4.60

5 02
5.00
4.99
4.98

4.43
4.43
4.42
4.41

4 85
4.84
482
4.81

4.54
4.52
4.49
4.48

3 89
3 88
3 87
3.90
3 95

3 21
3 23
3 24
3 24
3 24

3 27
3 30
3 31
3 29
3 32

3 04
3 05
3 06
3.05
3 08

3 14
3 15
3 16
3.15
3 19

3 31
3.34
3 35
3.34
3 35

3 60
3.64
3 65
3.62
3 67

426
4.27
4 27
4.27
4.29

4 57
4 58
4 58
4.59
4 61

4 28
4.28
4 28
4.29
4 29

4 41
4.43
4 43
4.44
4 46

4 61
4.61
461
4.61
4.64

4.98
5.00
5.01
5.02
5.03

4.42
4.43
4.44
4.45
4.48

4 81
4.83
4 86
4.86
4.88

4.48
4.48
4.46
4.46
4.46

3 99
4 03
403
4 02

3 27
3 29
3 31
3 33

3 35
3 36
3.36
3 39

3 09
3 09
3 09
3 11

3.22
3 22
3.22
3 25

3 38
3 41
3.41
3 45

3 70
3 70
3.72
3 77

4.29
4 30
4.30
4.33

4 62
4 63
4 63
4 64

4 32
4 34
4.33
4 35

4.48
4 49
4.49
4 50

4.64
4 65
4.65
4.66

5.04
5.05
5.04
5.04

4.50
4.52
4.51
4.52

4.89
490
4.89
4.90

4.47
4.48
4.48
4.49

Aug 4
11
18
25

4 03
4 00
3 98
3 94

3 38
3 37
3 31
3 26

3 42
3 44
3 41
3 33

3 13
3 15
3 13
3 05

3.27
3 30
3.25
3 18

3 49
3 49
3*46
3 40

3 78
3 80
3.78
3 70

4.34
4 33
4.32
4 31

4 65
4 64
4 65
4 63

4 37
4 36
4.36
4 34

4.50
4 50
4.49
4 48

4.66
4 66
4.66
4.66

5.07
5.07
5.07
5.05

4.54
4.54
4.52
4.50

4.90
4.91
4.91
4.91

4.50
4.51
4.51
4.50

Sept 1
15
22
29 .

3 94
3.96
3 95
3 94
3 93

3 22
3 22
3 19
3 16
3 14

3 31
3 30
3 29
3 27
3 26

3 03
3.02
3 02
3 01
3 00

3 17
3.16
3.13
3 11
3 09

3 38
3.35
3 34
3 32
3.30

3.66
3.66
3.66
3 66
3.65

4.29
4.29
4.28
4 27
4.26

4 63
4.62
4.61
4 61
4.60

4 33
4.33
4.32
4 31
4,31

4.47
4.47
4.46
4.46
4.45

4.64
4.63
4.62
4.62
4.61

5.05
5.04
5.03
5.03
5.02

4.48
4.47
4.46
4.44
4.44

4.90
4.89
4.88
4.88
4.87

4.50
4.50
4.50
4.50
4.49

6
13
20
27

3 90
3 90
3 88
3 89

3 10
3 05
3 00
3 03

3 26
3 25
3 17
3 16

3.00
2 99
2.89
2 88

3.09
3 08
3.00
2 99

3.28
3 27
3.20
3 18

3.65
3.65
3.59
3.58

4.21
4.20
4.20
4.21

4.59
4 57
4,57
4 57

4.29
4.28
4.27
4.27

4.42
4.41
4.41
4.40

4.62
4.61
4.61
4.61

5.00
4.99
4.98
4.98

4.42
4.40
4.40
4.39

4.85
4.85
4.85
4.85

4.48
4.46
4.46
4.46

Nov 3
10
17
24

3 87
3.86
3 87
3 88

2 99
299
3 02
3 02

3 15
3.15
3 15
3 15

2 88
2.88
2 89
2 89

2.99
2.99
3.00
3 00

3.18
3.18
3.18
3 18

3.53
3.53
3.53
3 53

4.20
4.20
4.19
4.20

4.57
4.56
4.55
4 55

4.26
4.25
4.25
4 24

4.41
4.40
4.40
4.40

4.61
4.60
4.60
4.59

4.99
4.97
4.96
4.95

4.40
4.40
4.40
4.39

4.86
4.85
4.84
4.83

4.45
4.42
T

Dec 1
8
15
22
29, . .

3 88
3 89
3 88
3 86
3 85

3 08
3 14
3 13
3 11
3 11

3 17
3.21
3 22
3.22
3 22

2 89
2.92
2 93
2.94
2 94

3 03
3.07
3 10
3.10
3.10

3.20
3.26
3.27
3.27
3.27

3.54
3.57
3.57
3.57
3.57

4.19
4.20
4.20
4.20
4.20

4.54
4.54
4.52
4.52
4.52

4.25
4.26
4.25
4.24
4.23

4.39
4.39
4.38
4.37
4.38

4.57
4.56
4.55
4.54
4.53

4.94
4.93
4.92
4.92
4.93

4.39
4.39
4.40
4.40
4.40

4.80
4.79
4.77
4.76
4,75

1
4.42
4.40
4.40

Feb.

3
10
17
24

Mar 3
10
17
24
31

40f>

..

....

Aor 7

..
14..:.;::..
...

July 7
14
21
28

Oct.

Digitized for FRASER


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

.,

1 64

3.58
3.58

3.64

12.11 BOND YIELDS, BY TYPE OF SECURITY Continued


B, WEEKLY, 1941-70Continued
[Per cent per annum]
Corporate bonds

Government bonds

Moody's

State and local


United
States
(longterm)

Week ending

! Standj
ard
and
Poor's
AAA :j
i
!i

Total

4.19
4.J8
4.17
4.17

3.57
I
:
:

Moody's

Standard
and
Poor's

Total

Aaa

Aa

3.26
3.26
3.25
3.25

|i

Baa

3.57
3.57
3.55
3.55

By rating

Aaa

Aa

Baa

4.51
4.50
4.49
4.49

4.22
4.21
4.20
4.21

437
4.37
4.36
436

4.51
4.49
4.46

4.93
4.92
4.91
4.91

4.16
4.17
4.16
4.16

4.48
4.48
4.48
, 4.47

4.21
4.19
T
:

436
436
4.35
435

1963 Jan. 5
12
19.........
26....

3.87
3.87
3.87
3.91

3.11
3.08
3.09
3.15

3.22
3.22
3.20
3.21

2.94
2.94
2.94
2.95

3.10
3.10
3.04
3.07

Feb. 2 . . . .

3.90
3.92
3.91
3.92

3.19
3.20 ;
3.18
3.17

3.23
3.23
3.23
3.23

2.97
2.98
2.98
2.98

3.10
3.10
3.10
3.10

3.94
3.92
3.93
3.94
3.95

? 3.17
3.17
3.10
3.07
; 3.08 \

3.25
3. 25
3.23
3.18
3.19

3.02
3.02
2.98
2.93
2.93

3.12
3.12
3.09
3.06
3.06

3.29
3.28
3.27
3.19
3.21

:
I
3.57
3.55
3.55

4.16
4.17
4.16
, 4.16
4.17

4.47
4.47
4.47
4.47
4.46

:
:
:
i
4.19

3.95
3.96
3.99
3.98

3.08
3.11
i; 3.13
f 3.13

3.20
3.20
3.21
3.23

2.94
2.95
2.99
3.00

3.06
3.06
3.07 ]
3.09 '

3.23
3.23
3.24
3.26

j
|

3.55
3.55
3.55
3.56

4.18
4.19
4.21
4.21

4.47
4.47
4.47
4.48

4.20
4.20
4.21
4.22

May 4
11
IB
25.........

3.98
3.97
3.96
3.97

3.13
. 3.12
. 3.14
3.15

3.23
3.23
3.19
3.20

3.01
3.01
2.97
2.97

3.09
3.09
3.08
3.08

3.26
3.26
3.21
3.22

3.56
3.56
3.52
3.52

4.21
4.22
4.21
, 4.22

4.22
4.22
4.21
4.22

June 1 . . . . . . . . .
8
15

3.99
4.00
3.99
4.00
4.00

l!

3.20
1 3.24
-3.26
3.29
3.27

3.22
3.29
330
3.32
3.32

3.00
3.06
3.08
3.10
3.10

3.11
3.16
3.17
3.22
3.22

i|

3.55
3.60
3.62
3.6.1
3.63

; 4.22
i 4.23
4.23
4.21
4.21

4.48
4.48
4.47
4 47
4. 48
4.47
4.47
4.47
4.47

4.23
4.23
4.23
4.22
4.22

4.36
4.35

4.46
4.45
4.45
4.45
4.45

3.28
333
333
3.29

330
3.32
331
3.29

3.08
3.11
3.11
3.10

3.60
3.62
3.61
3.57

4.21
4.24
4.27
| 4.26

4.4S
4.4S
4.49
4.50

4.23
4.24
4.27
4.29

4.37
438
4.39
;;
439

4.46
4.46
4.47
4.47

4.85
4.84
4.g4
4.84

3.24
3.22
3.22
3.22
3.22

3.27
3.27
3.28
3.30
3.29

3.08
3.08
3.08
3. I I
3.09

3.57
3.57
3.59
3.59
3.58

4.26
4.26
4.26
4.26
4.27

4.40

4.47
4.48
4.4H
4.48
4.48

......

28

4.03
4.05
4.05
4.04

3.22
3.26
330
330

330
3.31
3.32
333

b
12.........
19
.....
26.........

4.04
4.06
4.07
4.07

3.30
3.28
3.31
3.35

3.33
331
3.31
3.34

9.

16
23

Mar. 2

16

23
30
Apr 6
20
27

22

29

20 " " " ' ','


21

4.02
4.03
4.02
4.00

Aug. 3 . . . . . . . . .
10.... . . . . .
17
24 . . . . . . . . .
31.........

3.99
3.99
3.99
3.99
3.99

July

6.........

Sept. 7.
14

21
Uct

Digitized for FRASER


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

....

I
i

3.27
3.27
3.27
3.27

I
I

1
i
!'

:i

i,

435
434
4.35
435
432

4.33
4.33
435
4.36
:

;j

3.17 !

3.3,
3.32
3.32
3.30

3.15
3.15
3.15
3.18
3.17

3.28
3.28
3.30
3.32
3.32

4.50

4.29

3.12
3.12
3.13
3.15

3.18
3.20
3.21
3.22

3.32
3.32
3.34
334

3.58
3.58
3.58
3.59

4.30
430
4.31
431

4.51
4.51
4.52
4.52

4.30
431
4.32
432

4.40
4.41
4.42
4.43

3.15
3.14
3.14
3.16

3.22
3.21
3.21
3.24

3 .34
332
332
334

3.59
3.58
3.58
3.60

430
431
431
4.31

4.52
4.53
4.52
4.53

432
431
431
432

4.43
4.43
4.43
4,44

3.19
3.21
:

3.20

4.46
4.45
4.45
44.45
4

i -^ i
4.46
i

'

3.27
332
333
334
3.34

4.90
4.90
4.90
4.88

;
'

By group

J
'
i

Railroad

Public
utility

4.40
439
437

4.73
4.73
4,72
4.71

4.39
4.38
438
4.37

:
:
:

4.70
4.70
4.68
4.68

4.38
4.37
437
4.37

4.66
4.65
4.65
4.66 '
4.64 !

437
4.37
4.38
437
437
438
4.38
4.39
4.39

4.88
4.88
4.88
4.87
4.88

4.87
4.87
4.87
4.87

!! 4.38
4.39
4.40
4.41

4.64
4.63
4.63
4 .64

4.87
4.86
4.86
4.85

4.41
4.40
f
:

i 4.63
4.63
4.63
4.63

:
:

';

4.84
4.B4
4.83
4.84
4.84

437
438
4.38
4.37
438

'

'
!'
i
:,
j
!

. 4.40
!

4.63
4.62 !
4.61
4.6!
4.63

440
439

439
4.40
4.40

4.41
4.4't
4.43
4.44

! 4.62
4.62
4.62
4.62

4.40
4.41
4.42
4.42

4.84
4.83
4.83
4.83
4.83

4.45
4.45
4.44
4.44
4.45

4.63
4.64
4.63
4.63
4.63

4.42
4.42
4.43
4.42
4.42

4.49
4.49
4.50
4.51

4.H4
4.84
4.84
4.84

4.45
4.46

4.64
4.64
4.65
4.65

4.44
4.45
4.45
445

4.51
4.51
4.51
4.52

4.83
4.84
4o84
4.83

4.65
4.67
4.67
4,66

4.44
4.44
4.44
4.45

,.

2!

Industrial

4.46
4.47

tfl

4 10

3 42

3 36

3 17

3 26

3.39

3.62

4 31

4 34

4 i.j

*t *i*t

4 12
4 12
4.15
4.16

3 42
3 34
3.32
3.32

3 34
3 34
3.32
3.31

3 14
3.12
3.11
3.11

3.25
3.25
3.22
3.22

3.38
3.37
3.35
3,2

3.61
3.61
3.62
3.60

4 33
4 33
4.35
4.36

4 54
4.54
4.55
4,57

4.33
4.34
4.36
4.37

4.44
4.45
4.46
4.49

4.53
4.53
4.55
4.57

4.84
4.85
4.85
4.85

4.48
4.47
4.48
4.50

4 67
4 67
4.69
4,70

4 47
4 49
4.50
4.51

4.15
4.16
4.16
4.15

3.32
3.32
3.24
3.22

3.30
3.31
3.30
3.29

3.11
3.11
3.10
3.07

3.21
3.21
3.21
3.20

H!
3.33

4.36
4.35
4.36
4.37

4.37
4.37
4.38
4.38

4.49
4.49
4.50
4.50

4.57
4.55
4.56
4.56

4.84
4.84
4.84
4.83

3.31

3.56
3.57
3.56
3.56

4.69
4.67
4.68
4.69

4.51
4.51
4.52
4.52

Feb. 1
8
15. .
22 . .
29

4.15
4 14
4 14
4.14
4.15

3.15
3 15
3 15
3 16
3.20

3.28
3 26
3 27
3 27
3.28

3.38
3 08
3 08
3 07
3.09

3,17
3 14
3.15
3.16
3.19

3.29
3 28
3 29
3.29
3.30

3.56
3 <i3
3.54
3.55
3.55

4.35
4 33
4 32
4 32
4.33

4.57
4 55
4 55
4.55
4.54

4.37
4 36
4 36
4.36
4.35

4.50
4 47
4.46
4.45
4,44

4.56
4.56
4.55
4.56
4.55

4.83
4 82
4,83

4.50
4 48
4 47
4.47
4.47

4.68
4 67
4 68
4 67
4.66

4.52
4 51
4 50
4.51
4.50

Mar. 7
14
21
28

4.16
4.17
4.18
4 20

3.27
3.31
3.35
3 35

3 31
3 31
3.35
3 35

3 12
3 13
3.16
3 16

3.22
3.22
3.26
3,25

3.34
3.35
3.40
3 39

3.57
3.55
3.57
3.58

4.35
4.36
4.36
4 39

4.55
4.55
4.56
4 57

4.36
4.37
4.38
4.39

4.45
4.45
4.46
4.48

4.55
4.55
4.55
4.57

4 83

4.48
4.48
4.48
4 50

4.66
4.67
4.67
4 68

4.51
4.51
4.51
4 53

Apr. 4

4.20
4.20
4.20
4 19

3 35
3 32
3.25
3 27

3 33
3 31
3.29
3 29

3 14
3 15
3.11
3 10

3.21
3.21
3.19
3 18

3 39
3 37
3.34
3 36

3.56
3.51
3.51
' 3 52

4 41
4 41
4.40
4 41

4.58
4.58
4.59
1

4.40
4.40
4.40
4 41

4.49
4.49
4.49
4 50

4.58
4.59
4.60
4.60

4.84
4.85
4.85
4,85

4.52
4.53
4.53
4 54

4 69
4 68
4.69
4 70

4.53
4.53
4.54
4 53

May 2
9
16
23
30

4.19
4.18
4.16
4.14
4.14

3.27
3.27
3.24
3.18
3.15

3.30
3 31
3.30
3.27
3.28

3.12
3 12
3.10
3.07
3.08

3.19
3.19
3.18
3.18
3.18

3.37
3.37
3.38
3.31
3.31

3.52
3.54
3.55
3.52

4.50

4.59
4.59
4.60
4.61
4.60

4.85
4.86
4.86
4.84
4.84

3.53

4.40
4.40
4.41
4.40
4.39

4.70
4.70
4.70
4.69
4.69

4.53
4.53
4.54
4.54
4.54

June 6
13
20
27

4 15
4.14
4.13
4.12

3 16
3 '.20
3.22
3.22

3 27
3.28
3.29
3.29

3 08
3!lO
3.11
3.11

3 17
3.19
3.19
3.20

3 30
3.31
3.31
3.31

3 53
3.54
3,54
3.55

4 40
4.39
4.38
4.37

1
4.59
4.60
4.60

4.i,

4 51
4.52
4.52
4.51

4.60
4.59
4.60
4.60

4 85
4.85
4.86
4.87

4 55
1

4.54

4 69
4.69
4.70
4.71

July 4
11
18
25

4.11
4.12
4.13
4 14

3 22
3.19
3.16
3 16

3 29
3.27
3.25
3 25

3 10
3.07
3.07
3 09

3 20
3.17
3.15
3 15

3 32
3.29
3.26
3 25

3.55
3.55
3.53
3 53

4 37
4.37
4.36
4 36

4.59
4.58
4.58
4 58

4.40
4.40
4.41
4 40

4.51
4.50
4.50
4 50

4.60
4.59
4.58
4 58

4.86
4.84
4.83
4 82

4.53
4.53
4.52
t

4.70
4.68
4.68
4 67

Aug. 1
8
15
22
29

3.16
3.20
3 20
3.20
3 20

3.26
3.26
3 27
3.27
3 27

3.16
3.09
3.17
3.08
|3 17
3.18
3.18

3.27
3.28
3 29
3.29
3 30

3.53
3.53
3 53
3.54
3 54

4.35
4.35
4 36
4.35
4 36

4.57
T

4.40
4.41
4 42
4.4!
4.41

4.49
4.48
4 49
4.49
4 49

4.58
4.57
4 57
4.57
4 56

4.82
4.81
4 81
4.81
4.82

30.

Dec. 7. .
14
21
28
1964 Jan. 4
11
18
25

Digitized for FRASER


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

11

18
25

:.

4.14

'

Sept. 5
12
19 .
26..

4.16
4 17
4.J7
4.16

3.20
3.27
3 22
3 29
3 27
3 32
| f

I
3 08
3 10
3 10

3.19
3 20
3 23
3.23

3.29
3 30
3 34
3 34

3.54
3 56
3 59
3 59

4.36
4 36
4 38
4 38

Oct. 3
10
17
24 .
31 ,

4.15
4.16
4.17
4.17
4.15

I
3 27
3 22

3 32
3 30

3.11
3.11
3.11
3 12
3 11

3.22
3.22
3.22
3.23
3.22

3,34
3.34
3.35
3 34
3 32

3.59
3.59
3.58
3 58
3 56

4.37
4.38
4.37
4 37
4.38

Nov. 7
(4
21
28 .

4,12
4 11
4 11
4.15

3.21
3 15
3 15
3 22

3.29
3 25
3 25
3 29

3.10
3 07
3 05
3 09

3.21
3 18
3.18
3.21

3.31
3 27
3 29
3 33

3.55
3 50
3 49
3 54

4.37
4 36
4.35
4.37

Dec. 5
12
19
26

4.15
4.12
4 13
4 14

3.19
3.15
3 15
3 13

3.27
3.24
3 22
3 22

3.05
3.01
2 99
2 99

3.16
3.13
3 12
3.12

3.30
3.28
3 27
3 27

3.52
3.52
3 51
3 51

4.37
4.35
4 35
4 36

4.48
4 48
4 48
4,48

4.55
4 55
4 S4
4.54

4.83
4 82
4.82
4.81

4.66
4 65
4 65
4.64

4.42
4.43
4.42
4.42
4.43

4.48
4.49
4.50
4 50
4.49

4.54
4.55
4.56
4.55
4.54

4.81
4.80
4.80
4.81
4.81

4.52
4.53
4.53
4.53
4.53

4.64
4.65
4.65
4 66
4.66

j
4.57
4.59

4.43
4.43
4.42
4.44

4.49
4 49
4.48
4.50

4.55
4.56
4.57
4.59

4.81
4.80
4.80
4.82

4.53
4 52
4.52
4.55

4.59
4.59
4 58
4.58

4.45
4.45
4,43
4.43

4.51
4.50
4 50
4 49

4.58
4.58
4 58
4.58

4.83
4.83
4.81
4.80

4.55
4.55
4.53
4.53

4.56
4.57

9
Z

frt

N<

4.66
4.65
4 65
4.65
4 66

4.4?
4,42
4.42
4.42

1
4.57
4.56

455
4.54

X
H

i
4.54
4.53
4.53

tfl
C/3

}>
^
^

4.53
4.53
4.52
4.52

5
O
C

4.65
4 66
4.66
4,67

4.53
4.53
4.52
4.55

4.69
4.69
4 68
4.67

4.55
4.54
4.53
4.53

2
M-l
~
HI
O
-*
^
*>

xD
f
r^

C/3

12.12

BOND YIELDS, BY TYPE OF SECURITY Continued


B.

WEEKLY, 1941-70 Continued


[Per cent per annum]
Corporate bonds

Government bonds
State and local
United
States
(longterm)

Moody's

Standard
and
:
| Poor's

Total

Aaa

Aa

Baa

3.27
3.26
3.24
3.23
3.23

3.51
3.49
3.44
3.42
3.41

4.35
4.35
4.36
4.34
4.33

4.16
4.15
4.15
4.14
4.13

3.13
3.09
3.04
3.05
3.05

3.22
3.21
3. IB
3.17
3.17

2.99
2.99
2.97
2.96
2.96

3.12
3.10
3,06
3.06
3.06

Feb 6 .
13. . . .
20
27 . .

4.15
4.16
4.16
4.16

3.05
3.05
3.13
3.18

3.15
3.15
3.20
3.21

2.94
2.94
2.99
3.03

3.04
3.04
3.10
3.11

Mar 6
13
20
27

4.16
4.16
4.14
4.14

3.22
3.19
3.17

3.28

3.09

3.J8

Apr 3 . . . . . . . . .
10 .
17.........
24

4.14
4.14
4.14
4.15

May 1
8 .
15.........
22. . . . . . . . .
29 . . . . . . . . .

4.15
4.14
4.14
4.14
4.14

3.17
3.22
3.20

June 5 . . . . . . . . .
12
19.. . . . .
26

4.15
4.15
4.14
4.13

3.22
3.25
3.25
3.27

3.28
3.33
3.33
3.35

3.09
3.16
3.16
3.17

3.18
3.24
3.24
3.26

3.31
3.35
3.35
3.38

July 3 . . . . . . . . .
10. . . . . . . . .
1 7 . . . . . . ..
24. .
31. . . . . . . . .

4.14
4.14
4.15
4.14
4.15

3.31
3.31
3.26
3.24
3.24

3.35
3.33
3.33
3.33
3.33

3.17
3.16
3. 16
3.16
3.16

3.26
3.24
3.24
3.24
3.24

3.3B
3.36
3.36
3.36
3.36

Aug 7, , , . . .
14..
21.........
28.........

4.16
4.18
4.20
4.21

3.24
3.24
3.24
3.27

3.32
3.31
3.31
3.33

3.16
3.15
3.15
3.17

3.22
3.21
3.21
3.24

3.35
3.33
3.33
3.35

is"""!!!

4 22
4,23
4.25
4.25

3.30
3.32
3.36
3.40

3.35
3.37
3.41
5.46

348
3.21
3,25
3. 3 1

3.26
3.27
3.32
3.38

Oct 2. .
9. . . . . . . . .
16 .
23.........
30,.,...,.,

4.29
4.27
4.26
4.27
4.29

3.41
3.41
3.41
3.42
3.43

3.46
3.46
3.46
3.46
3.47

3.31
3.31
3.31
3.31
3,32

3.38
3.38
338
3.38
3.39

25. .

Digitized for FRASER


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

Total

196S Jan 2. . . . . . . . .
9
16. .
23
30. .

!
'

H
tn
c/i

Moody's
Standard
and
Poor's
AAA

Aaa

Aa

Baa

Industrial

Railroad

Public
utility

4.58
4.58
4.57
4.57
4.57

4.43
4.44
4.43
4.43
4.42

4.49
4.48
4.49
4.48
4.47

4.58
4.58
4.57
4.57
4.57

4.80
4.80
4.80
4.79
4.79

4.53
4.53
4.53
4.53
4.52

4.68
4.67
4.66
4.67
4.66

4.53
4.53
4.53
4.52
4.52

4.41
:
:

4.46
4.45
4.46
4.47

4.56
4.54
4.54
4.53

4.79
4.79
4.78
4.78

4.63
4.62
4.62
4.61

4.52
4.51
7
:

4.41
4.42
4.43

4.4B
4.4B
4.48
4.47

4.53
4.54
4.54
4.55

4.78
4.78
4.78
4.79

4.52

4.42
4.42
4.43
4.43

4.47
4.49
4.49
4.4B

4.55
4.55
4.54
4.54

4.79
4.79
4. HO
4.80

4.53
4.53
4.54
4.54

3.22
3.21
3.26
3.26

'

3.40
3.40
3.44
3.44

4.33
4.34
4.34
4.34

4.56
4.55
4.55
4.55

3.33

j 3.51
'
i

4.35
4.36
4.37
4.37

4.55
4.55
4.56

4.37
4.3B
4.3B
4.38
3.33
3.31
3.31
3.31
3.31

By group

By rating

4.39
4.39
4.40
4.40
4.41

4.56
4.57
4.57
4.5S

4.43
4,43
4,45
4.43
4.44

4.48
4.49
4.49
4.49
4.50

4.53
4.54
4.55
4.55
4.56

3.51
3.54
3.54
3.57

4.32
4.43
4.44
4.44

4.59
4.60
4.61
4.61

4.45
4.46
4.47
4.47

4.51
4.5!
4.52
4.52

4.58
4.58
4.59
4.59

4.83
4.85
4.B5
4.B6

3.57
3.55

4.44
4.45
4.47
4.56
4.47

4.62
4.63
4.63
4.64
4.64

4.46
4.47
4.48
4.48
4.48

4.53
4.56
4.56
4.56
4.56

4.60
4.61
4.61
4.63
4.63

3.55
3.56

4.48
4.49
4.50
4.52

4.64
4.64
4.66
4.67

4.47
4.48
4.50
4.51

4.58
4.58
4.59
4.60

3.37
3.39
3.44
3.4B

3.56
3.58
3.63
3.65

4.51
4.56
4.57
4.56

4.67
4.69
4.69
4 69

4.51
4.52
4.52

3.48
3.48
3.48
3.48
3.50

3.65
3.65
3.65
3.65
3.67

4.56
4.57
4.56
4.55
4.56

4.70
4.71
4.72
4.72
4.72

4.53
4.57
4.57
4.57
4.57

:
:
:

'
!

;:

4.54
4.53
4.55
4.55
4.57

!;

4.62 i
:
4.63
:
4.64
4.63 i 4.51
i
4.63
4.52
4.64
4.52
4.64
4.51
4.64
4.51
4.63
4.63
4.64
4.63
4.64

4.51
4.51
4.52
4.53
4.55

4.58
4.58
4.59
4.60

4.65
4.66
4.67
4.67

4.56
4.56
4.57
4.57

4 Ml
4.87
4.87
4.88
4.BB

4.57
4.57
4.57
4.58
4.58

4.68
4.71
4.71
4.72
4.72

4.57
4.57
4.5?
4.58
4.58

4.63
4.64
4.65
4.66

4.88
4.B7
4.89
4.89

4.63
4.63
4.63
4.64

4.72
4.72
4.73
4.75

4. SB
4.59
4.60
4.61

4.61
4.63
4.63

4.67
4.68
4.69

4.90
4.92
4.91

4.64
4.65
4.65
4..61

4.76
4,77
4.78
4. 78

4.6!
4.64
4.64
4.65

4.64
4.65
4.66
4.66
4.66

4.70
4.70
4.7 i
4.72
4.72

4.91
4.92
4.M2
4.93
4.93

4.66
4.67
4.67
4.67
4.67

4.78
4.80
4.81
4.81
4.81

4.65
4.66
4.68
4.68
4.68

'

4. BO
4. BO
4. HO
4.81
4.82

'
'

tn
GO

tn

H
GO

1965 Nov. 6 . .
13
20
*>7

4 34
4.35
4 34
4 34

3.45
3.45
3 47
3 49

3 47
3.47
3 52
3 52

3 32
3.32
3 36
3 37

3 39
3.39
3 43
3 43

3 50
3.50
3 55
3 56

3 67
3.67
3 73
3 74

4 57
4.59
4 59
4 61

4 73
4.75
4 75
4 77

4 58
4.60
4 61
4 61

4 67
4*,69
4 70
4 71

4 73
4.75 i
4 75
4 76

4 93
4.95
4 96
4 97

4 68
4.70
4 71
4 72

4 82
4.83
4 83
4 84

469
4.71
4 71
4 73

Dec. 4
11
18
25

4.36
4.42
4 45
4 43

3.53
3.60
3.56
3 50

3.52
3.57
1 S7
3 57

3.37
3.40
i dn
3 40

3.43
3.48
3 *8
3 48

3.56
3.61
i fi\
3 61

3.74
3.79
3 79
3 79

4.63
4.70
4 71
4 71

4.78
4.81
4 37

4.60
4.64
4 69
4 71

4.72
4.76

4 83

4.79
4.83
4 87
4 88

4.98
4.99
5 02
5 04

4.74
4.77
4 79
4 81

4.83
4.86
492
4 94

4.76
4.80
4 #3
4 84

4 44
4.44
4.42
4.42
4 44

3 56
3.54
3.51
3.51
3 51

3 57
3.56
3.56
3.56
3 56

3 40
3.40
3.39
3.39
3 39

3 48
3.47

3 61
3.60
3.60
3.60
3 60

3 79
3.78
3.78
3.78
3 80

4 72
4.73
4.73
4.75
4 75

4 87
4.88
4.88
4.88
4 90

4 73
4.73
4.74
4.74
4 74

4 82
4.83
4.83
4.84
4 85

4 89
4.90
4.90
4.91
4 92

5 04
5.05
5.05
5.06
5 08

4 81
4^2
4.83
4.84
4 85

4 96
4.97
4.97
4.97
4 98

4 84
4.85
4.85
4.85
4 86

Feb. 5
12 . .
19
26 . .

4.52
4 58
4.65
4 66

3.55
3 56
3.67
3 75

3.56
3 57
3.72
3 80

3 39
3 39
3.51
3 62

3 47
3.*61
3 71

3 60
3 61
3.72
3 79

3 80
3 82
4.02
4 08

4 78
4 81
4.85
4 gy

4 91
4 92
4,95
4 98

4 75
4 76
4.79
4 2

4 87
4 87
4".9l
4 95

4 92
4 93
4^97
4 99

5 09
5 10
5.14
5 16

4 88
4 88
4^93
4 95

4 98
4 99
5.04
5 06

4 87
4 88
4.91
4 93
4.93

Mar. 5
12
19. . .
26

4 71
4.68
4 63
4 57

3.81
3.76
3.72
3.70

3.84
3.83
3 79
3.74

3 63
3 61
3 56
3 51

3 73
3.72
3 67
3 62

3 85
3 85
3 81
3 76

4 15
4 15
4 13
4 08

4 91
4 93
4 98
4 98

5 01
5 05
5 12
5 16

4 85
4 88
4 93
4 97

4 98
5 00
5 06
5 10

5 02
5 07
5 14
5 19

5 20
5 26
5 34
5 37

4 98
5 02
5 08
5 10

5 08
5 14
5 19
5 22

4 97
5 00
5 09
5 15

Apr. 2. . .
9 ..
16...
23
30. . .

4 54
4 52
4 55
4 57
4 58

3.61
3 57
3.54
3.59
3 65

3.68
3 68
3 64
3.69
3 72

3 44
3 44
3 42
3 47
3 50

3 55
3 55
3 50
3 55
3 58

3 69
3 69
3 60
3 68
3 71

4 06
4 06
4 03
4 06
4 09

5 00
4 99
4 99
5 00
4 98

5 19
5 17
5 16
516
5 J6

4 99
4 98
4 95
4 95
4 95

5 13
5 11
5 10
5 09
5 10

5 21
5 18
5*18
518
5 (8

5 42
5 42
5 40
5 41
5 41

5 10
5 10
5 09
5 09
5 09

5 24
5 20
5 18
5 18
5 18

5 22
5 22
5 21
5 21
5 21

May 7
14
21

3.68
3.66
3.66
3 72

3.75
3.75
3.75
3 80

3.52
3.52
3 52
3 57

3.61
3.61
3 61
3 68

3.74
3.74
3 74
3 82

4.13
4.13
4 13
4 14

4.98
4.98
4 99
5 00

5.16
5.17
5 19
5 21

4.94
4.95
5 01
5 0">

5.10
5.09
5 10
5 11

5.16
5.17
5 17
5 18

5.45
5.46
5 49
5 52

5.09
5.11
5 13
5 16

5.18
5.18
5 22
5 22

5.21
5.21
5 23
5 24

1966 Jan 1
8
15
22
29 .

i
1

28 . .

4.59
4.54
4 54
4 60

June 4
11. ..
18 . .
25. ..

4.62
4 63
4 63
4 59

3.78
3.80
3 76
3.72

3.83
3 85
3 83
3 81

3.60
3 60
3 59
3 58

3.71
3 71
3 69
3 66

3.85
3 90
3 88
3 85

4.17
4 18
4 15
4 13

5.01
5 04
5 04
5 05

5.23
5 26
5 28
5 30

5.04
5 06
5 06
5 07

5.13
5 15
5 17
5 i

5.21
5 25
5 31
5 33

5.54
5 56
5 59
5*61

5.19
5 22
5 27
5 28

5.24
5 24
5 25
5 27

5.27
531
534
5 34

_
S
S
^

July 2. . .
23
30

4 69
4.72
4 78
4 75
4.72

3.80
3.91
3 95
3 93
3.95

3 87
4.00
4 00
4 00
4.02

3 64
3.77
3 77
3 77
3.78

3 73
3.87
3 87
3 87
3.88

3 93
4.10
4 10
4 10
4.11

4 16
4.30
4 30
4 30
4.33

5 06
5.09
5 10
5 14
5.17

5 30
5.32
5 35
5 37
5.41

5 10
5.12
5 14
5 17
5.22

5 17
5.21
5 24
5 29
5.29

5 31
5.32
5 35
5 37
5.40

5 60
5.63
5 68
5 69
5.72

5 26
5.28
5 32
5 34
5.38

5 29
5.33
5 36
5 39
5^41

5 34
5.35
5 38
5 39
5A4

ffl
H<
^
>0
^

Aug. 6 . .
13
20...
27

4 73
4.73
4 81
4 87

4 01
4.14
4.20
4.24

4 03
4.14
4.20
4.28

3 79
3.87
3 94
4 04

3 89
3.99
4 05
4 11

4 12
4 24
4 30
4 40

4 34
4~46
4 50
4 55

5 19
5 21
5 30
5 37

5 43
5 45
5 50
5 56

5 24
5 25
5 31
5 37

5 32
5 33
5 37
5 44

5 43
5 46
5 48
5 52

5 75
5 78
5 85
5 90

5 41
5 43
5 48
5 56

5 44
5 45
5 48
5 53

5 46
5 "49
5 53
5 59

*"'
W

>>

Sept. 3
10...
17
24 . .

4 87
4 76
4 79
4 82

4.26
4 17
4 08
4 16

4 26
4 22
4 13
4 17

4 02
3 99
3 85
3 89

409
4 06
3 96
4 01

4 39
4 36
4 27
4 31

4 54
4 51
4 43
4 45

5 44
5 44
5 43
5 46

5 63
5 71
5 72
5 72

5 44
5 52
5 51
5 49

5 50
5 57
5 59

5 60
5 66
5 70
5 71

5 99
6 08
6 10
6 10

5 64
5 73
571
5 7Q

5 58
5 64
5 66
5 67

5 68
5 76
5 79
5 80

2
D
&

Oct 1 . .

4 76
4 75
4 76
4.71
4.62

4 02
4 01
3 99
3.97
3.89

4 14
4 12
4 12
4.09
4.01

3 88
3 86
3 86
3.83
3.75

3 96
3 94
3 94
3.91
3.83

4 26
4 24
4 24
4.20

4H

4 45
4 45
4 45
4.42
4 35

5 43
5 40
5 37
5.34
5 33

5 7j
5 69
5 67
5.67
5 65

5 47
5 44
5 43
5.40
5 37

5 59
5 55
5 50
5.47
5 47

5 71
5 70
5 67
5^67
5 66

6 08
6 08
6 10
6.\l
6 11

5 68
5 66
5 64
5.61
5 61

5 66
5 65
5 65
5.68
5 68

5 79
5 77
573
5.71
5 67

O
f
E
2
j
Ml

Nov. 5
12 ..
19...
26

4 67
4 73
4 77
4.76

3.79
3 84
3.96
4.03

3.95
3 95
4 04
4.09

3 72
3 72
3 81
3.87

3 80
3 80
3 92
3 98

3 95
3 95
4 08
4 14

4 32
4 32
4 35
4 35

5 32
5 35
5*34
5 37

5 64
5 64
5 64
5 67

5 35
5 35
5 36
5 36

5 46
5 46
5 46
5 48

5 65
5 64
5 64
5 66

6 JO
6 11
6 12
6 16

5 59
5 59
5 59
5 60

5 69
5 71
5 70
5 75

5 64
5 63
5 65

Jfl
C/5

5 65

Dec, 3
10
17
24
31 . .

4.74
4.76
4.65
4.58
4 54

4.03
3.91
3.84
3.79
3 78

4.11
4.04
3.97
3.97
3 97

3.89
3.84
3.74
3.74
3 74

4.00
3.94
3.85
3.85
3 85

4.18
4.09
4.02
4.02
4 02

4.37
4.30
4.26
4.26
4 26

5.38
5.40
5.42
5.39
5 39

5.68
5.69
5.69
5.69
5 69

5.37
5.38
5.38
5.39
5 40

5.48
5.49
5.49
5.48
5 47

5.67
5.68
5.69
5.69
5 70

6.18
6.17
6.19
6.19
6 18

5.61
5.61
5.63
5.64
5 63

5.76
5.77
5.77
5.78
5 80

5.67
5.67
5.65

?0
?s
tn

9...'"..:
16. . .

8 ..
15. . .
22...
29

Digitized for FRASER


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

'

5 58

1
-

rn

>
r I

C/5

12.12

BOND YIELDS, BY TYPE OF SECURITYContinued


B.

O
z;
tn

WEEKLY, 1941-70 Continued


[Per cent per annum]

Government bonds

Corporate bonds

State and local


Week ending

United
States
(longterm)

Moody's

Moody's

Standard
and
Poor's

Total

Aaa

4.46
4.40
4.37
4.39

3.76
3.62
3.43
3.50

3.95
3.82
3.61
3.60

3.72
3.60
3.35
3.34

3.83
3.72
3.50
: 3.49

4.00
3.87
3.67
3.66

Feb. 4
11
18
25 . . . .

4.37
4.41
4.49
4.55

3.45
3.47
3.62
3.6S

3.55
3.54
3.67
3.70

3.25
3.25
3.50
3.53

3.41
3.38
3.55
3.60

3.63
3.61
3.72
3.76

Mar. 4
11
18
25

4.53
4.47
4.42
4.42

3.64
3.60
3.56
3. 56

3.70
3.62
3,62
3.61

3.53
3,48
3.48
3.46

3.60
3.50
3.50
3.50

3.76 ' 3.90


3.65
3.85
3.65
T
3.65
:

Apr. 1
8
15
22
29.

4.45
444
4.45
4.54
4.62

3.62
3.62
3.59
3.67
3.74

3.62
3.63
3.61
3.69
3.74

3.46
3.48
3.46
3.50
3.55

3.50
3.52
3.50
3 3.59
3.65

May 6 . . . .
13
20
27

4.67
4.75
4.79
4.83

3.83
3.90
3.95
3.96

3.89
3.91
3.97
3.99

3.65
3.65
3.75
3.78

June 3 . . . . . . . . .
10
....
17
24. . . . . . . . .

4.74
4.76
4.86
4.93

3.96
3.93
3.94
3.99

3.99
3.98
3.99
4.03

Ju!y 3 . . . . . . . . .
8.........
15
22.........
29.........

4.95
4.89
4 JO
4.84
4.90

4 .09
4.09
4.07
4.02
4.02

Aug. 5
12. .
19. . . . . . . . .
26 .

4.91
4.95
4.96
4.97

Si!pt. 2 .

1967Jan. 7. . . . . . . . .
14
21
28
. .

C/i

ard
and

Aa

>

4.24
4.11
3.91
3.90

AAA

Baa

:
:

Total
Aaa

Aa

Baa

Indus-

!:

5.67
5.62 ij
5.50 1
5.44 :!

6.15
6.08
5.92
5.83

5.60
!' 5.52
5.39
5.36

5.38
5.35
5.36
5.41

5.81
5.82
5.82
5.83

5.33
I: 5.31
5.32
5.36

5.49
5.51
5.50 ,
5.48

5.87
5.86
5.84
5.85

5.41
5.41
5 39
5.38

5.22
5.27
5.25
5.25
5.27

5.46
5.45
5.45
5.45
5.48

5.83
5.82
5.81
5.83
5.85

5.36
5.36
5.36
[ 5.37
S
5.38

5.31
5.37
i 5.44
] 5.50

5.53 ;<
5,58 '
5.62
f
! 5.66

5.89
5.92
5.96
6.03

J 5.54
5.59
5,63
5,66

5.69
. 5.73
5,75
5.80

6.07
6.11
6.13
6.18

5.67
5,60
5.46
5.38

5.38
5.32
5.15
5.04

5.45
5.38
5.24
5.19

5.07
5.08
1 5.09
1 5.13

5.35
5.34
5.34
5.38

5.02
5.00
5.01
5.05

5.17
5.16
5.17
5.20

5.18
5.19
5.17
5.14

5,42
5,43
5.43
5.42

5.11
5.12
5.13
5.13

5.23
5.24
, 5.24
5.23

5.41
5.41
5.41
5.41
5.43

5.12
5.11
5.12
5.11
5.11

1
i
"

Railroad

trja|

;.

5.20
5.00
5.03

1
f
i
!

!
li

5.32

'

By group

By rating

5.80
5.73
5.59
5.49
5.48
5.47
5.48
5.50

Public
utility
i!

5.60
5.55
5.39
5.27

5.53
5.51
5.51
5,50

5.34
5.37
5.38
5.39

5.49
5.52
5.51
5.51
5.51

5,38
5.36
5.36
5.36
5.40

; 5.41
5.42
5.47
5.51

5.50
5.60
5.63
5.67

5.46
5.53
5.61
5.70

5.53
5.60
5.63
5.68

5.73
5.74
5.77
5.H3

5.73
5.76
5. 78
5.81

5.72
5.77
5.79
5.80
5.81

5.88
5,90
5.89
5.86
5.85

5.88
5.91
5.90
5.90
' 5.91

3.85
3.93
3.97

j 5.15
5.16
5.16
5,18
5.24

3.75
3.75
3.85
3.87

4.00
4.00
4.02
4.04

! 4.15
4.25
i 4.25
4.27

5.27
5.36
5.38
5.40

5.47
5.52
5.57
5.63

5.16
5.19
5.26
5.31

3.78
3.76
3.78
3.83

i 3.87
3.87
3.87
3.92

4.04
4.04
4.04
4.08

r 4.27
4.27
4.27
4.30

5.43
5.48
5.49
5.54

5.66
5.70
5.73
5,77

5.36
5.38
5.39
5.45

4.12
4.12
4.13
4,09
4.09

3.85
3.85
3.87
3.85
3.85

3.95
3.95
3.96
3.95
3.95

4.21
4.21
4.23
4.16
4.16

4,45
4.45
4.46
4.40
4.40

5,57
5. 58
5.60
; 5.59
5.58

5.82
5.86
5.86
5.85
5.86

5.56
5.59
5.59
5.56
5.57

5.69
5.72
5.72
5.71
5.72

5.83
5.87
5.88
5.88
5.87

3.96
3.96
4.04
4.07

4.02
4.02
4.09
4.10

3.75
J.75
3 JO
3.80

3.85
3. 85
3.95
3.95

4.1!
4.1 1
4.23
4,24

4.35
4.35
4.38
4.39

5.62
5.58
5.64
5.69

5.88
5.89
5.91
5.93

5.59
5.58
5.62
5.65

5.75
5.75
5.75
5.77

5.90
5.92
5.94
5.96

6.29
6,32
6.33
6.34

5.82
5.82
5.85
5.85

5.H7
5.89
5,94
5.99

5.94
5.95
5.95
5.97

4.96
4.93
4.96
5.01
5 04

4.10
4.10
4.12
4.16
4.22

4.10
4. JO
4 JO
4.16
4.21

3.80
3.80
3 JO
3.82
3.83

3.95
3.95
3.95
4.02
4.04

4.24
4.24
4.24
4.29
4.35

4.39
4.39
4.39
4.51
4.61

5.74
5.69
5.68
5.69
5.7!

5.96
5.98
5.99
5.99

5.68
5.66
5.65
5.64
5.66

5.81
5.83
5.85
5.90
5.89

6.00
6.03
6.05
6.06
6 09

6.35
6.38
6.41
6.38
6.41

5.87
5.89
5.94
5.95
5.96

6.02
6.02
6=00
6.03
6,07

6.00
6.03
6.03
6.01
6.06

Oct. 7
5.04
14. . . . . . . . .
5.10
2 1 . . . . . . . . . - 5.24
28,,. , , . , . . .
5,29

4.2S
4.31
4.35
4.31

4.22
4.22
4.28
4.28

3.83
3.83
3.92
3,92

4.04
4.04
4.10
4.10

4.37
437
4.45
4.45

4.64
4.64
4.64
4.64

5.76
5.79
5.87
5.93

6.06
6.08
6.15
6.22

5.72
5.76
5.83
5.90

5.93
5.96
6.01
6.09

6.11
6.13
6.19
6.28

6.45
6.46
6.53
6.60

5.98
5.98
6.06
6.13

6.13
6.20
6.26
633

6.06
6.06
6.10
6.21

9........
16. . . . . . . . .
23 . . . . . . . . .
MJ

Digitized for FRASER


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

'

'

6.21
6.27
6.26
6.26
6.27

,.

tn

5.24
5.22
i!j 5.23
5.27

3.65
i 3.67
3.65
3.74
3.80

en

1967 Nov. 4
11
18
25

5.35
5.44
5.49
5.45

4 27
4.32
4.37
441

4.28
4.30
4.32
4 35

3.92
3.97
3.98
4.03

4 10
4.15
4.16
4 22

445
4.45 |
4.47
448

4 64
4.64
4.67
4 68

5 92
5.98
603
6 03

5.39
5.38
5.38
23.' ! .' .' .' .' .' ! ,' 5.34
5.35
30

444
4.47

4.35
4.42
4. '42
4.42

4.22
4.30
4.3G
4.30
4.30

4.48
4.52

4!49
4.51

4.03
4.15
4.15
4.15
4.15

4.68
4.73
4.73
4.73
4.73

1968 Jan. 6
13
20
27

5.23
5.12
5.18
5.20

4.46
4.35
4.34
4.30

4.42
4.31
4.27
4.23

4.15
4.08
4 03
3.98

4.30
4.15
4.09
4.04

Feb. 3
10
17
24

5.15
5.17
5.13
5.14

4.23
4.30
4.36
4.43

4.18
4.22
427
4.32

3.90
3.95
400
4.06

3.96
4.00
4 05
4.12

Mar. 2
9
16
23
30

5.19
5.28
5.49
5.41
5.42

4.48
4.53
4 61
4.53
4.58

4.39
4.49
4 55
4.54
4.56

4.16
4.27
4 28
4.28
4.28

Apr. 6
13
20
27

5.25
5.21
5.28
5.33

4.44
4.34
4.37
4.47

4.47
4.40
4.40
4.48

May 4
11
18
25

5.32
5.32
5.38
5.52

4.50
4.43
4.55
4.68

5.43
5.30
5.27
5.18
5.15

July 6
13
20
27
Aug. 3
10
17
24
31

6 24
6.31
6 38
6 41

5 95
6.02
6 10
6 08

6 11
6.16
6.25
6 29

6 32
6.36
6.43
648

6.60
6.66
6.73
6.77

6.13
6.22
6.31
6.34

6.36
6.41
6.43
6.41

6.26
6.29
6.40
6.46

6 08
6.09

644
6.49

6.30
6.35

6 51
6.53

6.'35
6.35

6.81
6.89
6.93
6.96
6.97

6.36
6.38
6.38
6.39
6.42

6.51
6.56

6 12

6.53
6.57
6.59
6.58
6.58

6.47
6.52

e'io

6 13
6.14
615
6 "22
6.24

6.'74
6.76

6.'58
6.57

4.73
4.65
4 65
4.62

604
5.98
5 93
5.95

6.54
6.48
641
6.40

6 24
6.20
6 14
6.12

6.37
6.31
6 26
6.26

6.59
6.53
643
6.42

6.96
6.86
6 79
6.80

6.43
6.35
6,30
6.30

6.74
6.66
6.61
6.63

6.57
6.54
6.43
6.39

4.25
4.28
4.33
4.37

4.60
4.64
4 69
4.73

5.93
593
5 92
5.95

6.40
640
6 39
6.39

6.12
6.11
6 10
6.09

6.27
6.28
6 27
6.27

6.42
6.40
642
6.41

6.80
6.80
679
6.79

6.31
6.30
6.31
6.30

6.66
6.65
6.65
6.66

6.38
6.37
6.36
6.35

4.20
4.32
4 42
4.41
4.43

4.42
4.51
4 61
4 60
4.61

4.78
4.86
4 90
4 89
4.91

5.95
5.95
5 97
6 06
6.03

6.38
6.38
6 38
643
6.49

6.09
6.07
6 08
6 13
6.17

6.25
6.25
6 24
6 28
6.34

6.39
6.38
6 40
6 45
6.51

6.80
6.81
6 81
6 87
6.93

6.30
6.30
6 30
6.35
6.40

6.64
6.64
6.64
6.69
6.71

6.34
6.34
6.35
6.39
6.48

4.18
4.08
4.08
4.18

4.33
4.23
4 23
4.38

4.54
4.45
4 45
4.52

4.84
4.83
4 83
4.84

6.06
606
6 06
6 14

6.54
6.52
6 52
6 54

6.20
6 19
6 20
622

6.39
6.37
6 37
6 39

6.56
6 55
6 55
6*59

6.98
6.98
695
6.96

6.42
6.39
6.38
6.42

6.77
6.77
6.78
6.81

6.54
6.55
6 54
6.54

4.49
4.44
4.53
4.70

4.20
4.16
4.25
4.35

4.40
4.27
4.38
4.55

4.55
4.52
4 65
4.80

4 84
4.83
4 85
5 10

6 15
6.15
6 16
6 17

6 58
6.59
6 59
661

6 25
6.25
6 27
6 28

6 42
6.46
6 48
6 51

6 64
6.62
6 61
6 61

7.00
7.01
6 99
7.05

6.47
6.47
6 48
6.50

6.85
6.86
6.86
6.89

6.57
6.58
6 57
6.60

4.65
4.59
4.61
4.52
4.50

4.78
4.65
4 65
4.53
4.54

4.42
4.25
4.25
4.15
4.18

4.63
4,43
4 43
4.33
4.33

4.90
4.78
4 78
4.65
4.68

5 18
5.16
5 16
4.96
4.96

6 19
6 16
6 18
6.10
6.10

664
6.64
6 63
6.63
6.61

6 29
6 29
6 28
6.29
6 27

6 51
6.51
6 50
6.49
6.47

6 65
6 64
6 64
6.66
6.66

7 10
7.09
7 08
7.07
7.04

6.52
6.52
6 53
6.56
6.55

6.90
6,89
6.89
6.90
6.86

6.64
6.64

<*

6 61
6.59
6.57

JK
2
2

5.12
5.10
5.14
5.03

4 50
4.44
4.41
4.27

4 54
4,54
4.41
4.31

4 18
4.18
4.10
4.00

4 33
4 33
4.20
4.10

4 68
4 68
4.45
4.35

4 96
4 96
4.90
4.80

6 15
6 13
6.10
6.07

6 61
6 61
6.58
6.54

6 27
6 27
6.26
6.22

6 48
6 49
6'.47
6.41

6 65
6 64
6.62
6.56

7 04
7 03
6.99
6.95

6 55
6.54
6.53
6.45

685
6.85
6.83
6.81

6 58
657
6.54
6.50

b>
^
?0

4.99
4.99
5.06
5 09
5.06

4.18
4.15
4.29
4 34
4.45

422
4 17
4.29
4 32
4 46

3.90
3 80
4.00
4 05
4 25

4.00
3 97
4.12
4 15
4 30

4 25
4 23
4.32
4 32
4 50

4 73
4 68
4.70
4 70
4 80

5 98
5 91
5.90
5 83
5 85

6 46
6 40
6.36
6 34
6 33

6 14
6 07
6.00
5 98
5 97

6.33
6 29
6.24
6 22
6 22

648
6 41
6.39
6 36
6 35

6.88
6 83
6.82
6 80
6.79

6.37
6.30
6.24
6 23
6.23

6.75
6.73
6.73
6 70
6.70

6.41
6 33
6.29
6 27
6 25

H
Pi
C/3
v
*Z

Sept. 7
14
21
28

5.07
5.12
5.08
5,09

4.48
4.53
4.45
4.40

4.47
4 47
444
4.41

4.25
4 25
4 21
4.20

4.30
4.30
4.28
4.25

4.50
4 52
4 50
4.45

4.80
4 80
4 78
4.75

5.84
5 86
5 83
5.85

6.33
6 34
6 35
6.37

5.95
5 95
5 98
6.00

6.22
6 22
6.22
6.24

6.36
6 38
6.40
6.42

6.79
6.80
6.79
6.79

6.23
6.23
6.25
6.26

6.72
6.70
6.68
6.69

6.24
6.26
6.29
6.30

Oct. 5
12
19
26

5.15
5.25
5.28
5.24

4.45
4.55
4.60
4.59

4.43
4.49
4.49
448

4.14
4 22
4.22
4 21

4.28
4.33
4.33
4.31

4.48
4.53
4.53
4 51

4.80
4.90
4.90
490

5.91
5.96
6.02
601

6.37
6.40
6.43
647

6.02
6.06
6.10
6 13

6.26
6.28
6.32
6.36

6.42
6.44
6.49
6.50

6.78
6.79
6.84
6.88

6.29
6.31
6.36
6.38

6.70
6.70
6.73
6.74

6.30
6.33
6.39
6.44

Nov. 2
9
16
23
30

5.26
5.28
5 33
5.40
5.44

4.63
4.64
4 68
4.70
4.70

4 54
4 54
4 61
4 61
4 63

4 25
425
4 35
4 35
4 35

4.41
4.41
446
4.46
4.46

4 56
4.56
4 66
4 66
4.70

495
495
4 97
4 97
5.03

6 06
608
6 07
6 16
6,18

649
6.52
6 54
6 57
6.63

6 15
6.16
6 15
6 17
6.28

6.37
6.41
643
6.45
6.52

6.52
6.54
6 58
6.60
6.67

6.92
6.97
7,00
7.02
7.07

6.39
6.41
6.43
6.46
6.59

6.75
6.75
6.77
6.79
6.82

Dec. 7
14
21
28

5.56
5.55
5.66
5.82

4.83
4.93
4 93
4.93

468
4.73
4 82
4 82

440
4.45
4 57
4 57

4.53
4.54
4 60
4.60

4 71
4.76
4 87
4.87

5 07
5.15
5 25
5 25

6 28
6.37
6 44
6 50

6.69
6.77
6 82
6.88

6.33
6.45
6.48
6.53

6.55
6.63
6.69
6.73

6.72
6.80
6.86
6.95

7.14
7.18
7.24
7.31

6.63
6.71
6.73
6.77

6.86
6.94
6.99
7.05

Dec. 2
9

June 1
8
15
22
29

Digitized for FRASER


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

. .

...

4. '52
4.52
'< 4.52
1 4.35
! 4.32
4.30

1
j

in

Z,

6.48
6.54
6.57
6.60
6.64

J2
W
O
C!
5
2
3
3
m
(yi
_
2

6.69

^
&

6.87
6.87
6.96

^
m
S
ISl

12.12

BOND YIELDS, BY TYPE OF SECURITYContinued


B.

WEEKLY, 1941 70 Continued

z:

(Per cent per annum]

tn

Government bonds

Corporate bonds

Slate and local


Week ending

United
States
(longterm)

Standard
and
Poor's 1,1
I

Moody's
Standard
and
Poor's
AAA

Moody's
Total

Aaa

Aa

Aaa

4.80
4.90
4.90
4.90

4.57
4.58
4.58
4.58

4.60
4.70
4.70
4.70

4.87
5.00
5.00
5.00

5.25
5.35
5.35
5.35

6.51
6.50
6.44
6.49

Feb. 1
8
15.
22

5.79
5.88
5.76
5.86

5.01
5.07
5.07
5.07

4.95
5.03
5.03
4.97

4.60
4.72
4.72
4.70

4.75
4.82
4.82
4.79

5.05
5.10
5.10
5.00

5.40
5.45
5.45
5.38

6.47
6.52
6.50
6.50

Mar. 1 . . . . . . . . .
8
15
22
29

5.93
5.95
6.07
6.11
6.07

5.17
5.26
5.30
5.39
5.40

5.06
5.18
5.20
5.30
5.30

4.80
4.90
4.92
5.02
5.02

4.90
5.00
5.03
5.18
5.18

5.15
5.25
5.27
5.35
5.35

5.45
5.55
5.60
5.65
5.65

Apr. 5
12

6.01
5.93
5.79
5.75

5.36
5.38
5.26
5.22

5.27
5.28
5.24
5.19

5.00
5.05
5.00
4.95

5.15
5.15
5.10
5.05

5.31
5.30
5.29
5.25

5.61
5.60
5.57
5.50

May 3 . . . . . .
10... . . . . . .
17.. . . . . . . .
24
31

5.77
5.70
5.77
5.92
6.11

5.24
5.26
5.39
5.52
5.70

5.19
5.19
5.30
5.47
5.58

4.95
4.95
5.10
5.30
5.40

5.05
5.05
5.20
5.40
5.50

5.25
5.25
5.35
5.50
5.62

June 7
14. . . . . . . . .
21
. ...
28.....

6.09
6.05
6.03
6.04

5.79
5.87
5.87
5.79

' 5.73
5.H2
5.82
5.75

5.55
5.60
5.60
5.55

5.65
5.75
5.75
5.65

July 5
12::'::::::
19
26.........

6,08
6.11
6.05
6.04

5.77
5.76
5.74
5.90

5.75
5.70
5.70
5.80

5.55
5.52
5.52
5.62

5.65
5.60
5.60
5.70

AUK. 2

S:
:;:;::.:
16... . . . . . .

6.05
5.98
6.01
6.00
6.07

6.03
5.89
6.02
6.10
6.2B

6.01
5.91
5.95
5.95
6.09

5.78
5.70
5.73
5.73
5.80

*<",?
20. . . . . . . . .
27. . . . . . . . . .

6.18
6.23
6.31
6.41

6.40
6.44
6.35
6.21

6.09
6.27
6.27
6.19

Oci. 4 . . . . . ,. .
II...... ,
IS.. ........
25.........

6.56
6.34
6.16
6.07

6.26
6.26
6.11
6.19

6.22
6.15
6.05
6.13

19

26

23
...
30.........

Digitized for FRASER


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

Industrial

Baa

Railroad

Public
utility

O
C/3

4.93
4,93
4.94
4.93

Aa

tn
c/i

By group

Total

Baa

5.74
5.78
5.72
5.70

1969 Jan. 4 . . . .
11.
18
25.........

By rating

6.91
6.91
6.90
6.89

6.55
6.58
6.59
6.59

6.76
6.75
6.72
6.72

6.97
6.94
6.94
6.93

6.87
6.90
6.94
6.93

6.59
6.63
6.66
6.66

6.73
6.74
6.77
6.78

6.90
6.92
6.99
6.99

6.56
6.57
6.58
6.66
6.76

6.94
7.00
7.05
7.18
7.23

6.68
6.72
6.75
6.94
6.99

6.78
6.83
6.90
7.01
7.05

6.99
7.03
7.07
7.18
7.23

6.76
6.81
6.74
6.71

7.23
7.21
7.17
7.12

6.99
6.97
6.88
6.81

7.06
7.05
7.02
7.00

5.50
5.50
5.55
5.67
5.80

6.72
6.68
6.66
6.74
6.84

7.11
7.10
7.06
7.09
7.14

6.80
6.79
6.75
6.78
6.83

6.99
6.96
6.93
6.95
7.00

7.16
7.13
7.08
7.10
7.16

5.77
5.87
5.87
5.80

5.95
6.05
6.05
6.00

6.84
6.89
6.93
6.92

7.19
7.24
7.31
7.33

6.90
6.96
7.03
7.03

7.03
7.07
7.17
7.21

7.22
7.26
7.30
7.32

|
!

5.80
5.72
5.72
5.82

6.00
5.98
5.98
6.05

6.95
7.04
6.93
6.97

7.34
7.39
7.41
7,40

7.03
7.08
7,10
7.10

7.21
7.24
7.25
7.24

7.33
7.42
7.43
7.42

5.88
5.81
5.84
5.84
5.83

6.06
5.95
5.97
5.97
6.16

6.32
6.20
6.23
6.23
6.47

6.99
6.98
6.91
6.96
7.05

7.38
7.38
7.35
7.36
7.39

7.05
7.00
6.96
6.95
6.98

7.23
7.22
7.21
7.24
7.25

7.39
7.42
7.42
7.39
7.42

7.84
7.88
7.82
7.84
7.90

5.H0
5.85
5.85
5.82

5.93
6.18
6.18
6.10

6.16
6.40
6.40
6.30

6.47
6.65
6.65
6.55

7.07
7.02
7.10
7.20

7.43
7.50
7.55
7.58

7.05
7.12
7.16
7.19

7.29
7.34
7.37
7.39

7.44
7.50
7.59
7.63

5.83
5.80
5.75
5.80

6.12
6.05
5.90
5.95

6.33
6.28
6.18
6.28

6.58
6.48
6,38
6.48

7.25
7.17
7.19
7.16

7.66
7.74
7.7?
7.71

7.28
7.37
739
7.31

7.46
7.53
7.57
7.54

7.70
7.79
7.86
1, SO

:
|

'
"

".
!

'

7.25
7.24
7.20
7.16

\
!

6.79
6.80
6.78
6.75

7.03
7.03
7.03
7.02

6,99
6.98
6.99
6,99

6.98
7.02
7.06
7.05

6.99
7.06
7.13
7.20
7.24

7.06
7.12
7.18
7.27
7.35

7.25
7.24
7.23
7 27
'
7.29
7.27
7.24
7.26
7.30

7.37
7.34
7.28
7.19
7.14
7.13
7.10
7.16
7.22

7.31
7,31
7.38
7.45

7.28
7.33
7.43
7.46

7.45
7, Si
7.51
7.51

7.48
7.52
7.53
7.47

7.33
7.32
7.27
7.26
7.28

7.51
7.55
7.55
7.58
7.59

7.41
7.41
7.38
7.38
7.44

7.95
8.03
8.07
8.08

7.34
7.39
7.43
7. 45

7.60
7.68
7.68
7.70

7.49
7.56
7.67
7.69

8.18
8.26
8.26
8.21

7.53
7.62
7.65
7.59

7,73
7.70
7.76
7.79

7.82
7.98
7.99
7.89

7.27
7.29
7.31
7.28

6.74
6.78
6.84
6.83

7.30
7.39
7.46
7.57
7.63

6.85
6.88
6.92
7.11
7.16

7.60
7.59
7.55
7.50

7.13
7,12
7.07
7.03

7.50
7.49
7.48
7.55
7.58

7.03
7.00
6.69
6.98
7.03

7.62
7.66
7.74
7.77

7.10
7.16
7.21
7.19

7.77
7.83
7.88
7.85

7.19
7.27
7.31
7.32

i
i
J

;i

;
:
;

7.02
6.98
6.98
6.96

7.35
7.35
7.34
7.29

:;
i
'

'

tn
O
C

2
H
5
2
7*
tn
c/)

6.32
6.34
6.46
6.61
6.60

6.23
6.19
6.26
6.42
6.62

6.16
6.06
6.14
6.33
6.47

Dec. 6
13
?n
27

6.65
6.73
6 84
6.92

6 78
6.92
6.94

668
6.82
69">
692

1970 Jan 3
10
17
24
31

7.00
6.92
6 84
6.83
6.84

693
6.82
6 73
682
6.83

Feb. 7
14
21
28

6.71
6.48
6.30
6.25

Mar. 7
14
21
28

5.84
5.75
5.78
5.95
6.05

5.95
5.85
5.96
6.14
6.34

6.32
6 22
6.30
6.55
6 65

6.52
6.42
6.50
6.67
6.83

7.16
7 16
7.20
7.35
7 47

7.68
7 68
7.70
7.78
7 89

7.25
7.26
7.29
7.38
7 50

7.52
7 52
7.53
7.60
7 72

7.76
7.76
7.79
7.85
7.98

8.17
8.19
8.19
8.28
8.38

7.54
7.55
7.56
7.62
7.75

7.80
7.79
7.76
7.84
796

7.82
7.84
7.89
7.98
8.09

6.34
6.48
6 5?
6.57

6 44
6.59
6 68
668

6 88
697
in
7 12

7 05
7.20
7 32
7 32

7 48
7.57
7 73
7 71

7 97
8 05
8 !5
8 27

7 60
7.64
7 73
7 84

7 79
7.85
7 95
8 07

8.05
8.14
8 25
8.34

8.45
8.57
8 68
8.80

7.79
7.83
7 95
8 13

8 01
8.07
8 19
8 28

8.22
8.35

6 88
6.80
6 65
671
6.77

6 52
6.41
6 36
6.34
6.39

664
6.55
6 60
6 59
6.67

7 07
701
6 75
6 85
6 89

7 28
7 25
7 00
7 10
7.15

7 76
7 70
7 71
7 78
7 80

8 33
8 36
8 33
8 28
8 29

7 90
7 91
7 92
7 90
7*91

8 11
8 16
8 15
8 13
8 14

8 40
8.43
8 37
8 29
8.30

8 89
8.95
8 86
8 79
8.81

8 19
8.18
8 14
8 12
8.14

8 34
8 42
8 38
8 34
8 38

8 56
8.62
8 57
8 49
8.47

6.76
6.62
6.53
6.37

6.66
6.51
6.48
6.23

6.28
6.26
6 24
6.00

6 56
6.37
6 32
6.12

6 78
6.59
6 55
6 30

7 04
6.85
6 80
6.50

7 78
7 72
7 69
7 70

8 32
8 31
8 28
8 23

7 97
7 97
7 93
7 83

8 16
8 15
8 12
8 09

8 34
8.33
8 29
8.26

8 81
8.79
8 79
8.73

8 14
8.14
8 11
8 04

8 42
8.39
8 37
8 37

8.51
8.51
8.48
8.39

6.28
644
6.51
6.33

6.18
6 07
6.24
6.05

6.13
604
6.11
6.05

5.85
5 75
5.84
5.80

6.00
5 90
5.98
5.91

6.24
6 10
6.18
6 12

6,43
6 38
6.42
6,38

7.67
7 67
7.71
7 63

8.16
8 14
8.20
8 22

7.79
7 80
7.88
7 92

8.04
8 01
8.08
8 11

8.18
8 14
8.17
8.18

8.62
8 59
8.65
8.66

7.98
795
8.00
8 02

8.34
8 29
8.34
8 34

8.30
8 29
8.36
8.41

Apr. 4
11
18
25

6.32
6.38
6.46
6.70

6.21
6.42
6 50
6.76

6.14
6.36
649
6.72

5.90
6.10
6.25
6.47

601
6.20
6 35
6.58

6 22
640
6 52
6 75

6 44
6.75
6 85
7 10

7 57
7 57
7 66
7 75

8 18
8 17
8 18
8 21

7 85
7 80
7 82
7 83

8 04
8 00
8 02
8 05

8 19
8.23
8 21
8.20

8 65
8.63
8 67
8.74

7 98
7.97
7 99
8 01

8 3!
8 29
8 33
8 38

8.37
8.35
8 36
8.37

May 2
9
16
23
30

6.79
6.85
6.83
6.88
7.21

6.84
6.90
6.98
7.06
7.14

6.80
6.87
699
7.03
7.10

6.50
6.55
6.70
6.74
6.80

6 60
6.67
6 90
6.93
7.00

6 90
6.99
7 08
7 10
7.20 |

7 20
7.25
7 35
7 35
7.40

7 76
7.83
7 86
7 87
8.01

8 27
8.36
8 44
8 49
8.56

7 92
7.99
8 09
8 16
8.21

8 10
8.16
8 22
8 26
8.34

8.26
8.38
8 50
8.53
8.59

8 82
8.90
8 95
9.02
9.10

8 08
8.09
8 16
8.22
8.31

8 41
8.53
8 61
8 59
8.64

8 45
8.60
8 68
8.78
8.85

June 6
13
20
27

7.00
7.09
7.05
6.89

7.03
7.11
7 11
7.00

7.04
7.15
7 25
7.04

6.75
6.85
6 95
6.70

6.90
7 10
7 20
6 95

7.15
7 20
7 30
7 20

7.35
7 45
7 55
7 30

8.00
8 12
8 20
8 25

8.62
8 70
8 80
8 89

8.30
8 42
8 55
8 60

8.40
8 53
8 64
8 70

8.63
8 69
8 75
8 91

9.13
9 18
9 26
9 36

8.41
8 52
8 56
8 66

8.63
8 68
8 74
8 88

8.90
8.97
9 14
9.20

^
S
O
~?

July 4
11
18
25

6.73
6 56
6.61
6.54

6.93
6 73
6.74
6.48

699
6 77
6 77
6.41

6.65
6 50
6 50
6.15

6 90
6 65
6 65
625

7 15
6 85
6 85
6 45

7 25
7 10
7 10
6 80

8 22
8 22
8 19
8 14

8 92
8 93
8 88
8 82

8 60
8 55
8 49
8 40

8 70
8 72
8 66
8 61

8 97
8 99
8 96
8 89

9 41
9 44
9 39
9 38

8 69
8 67
8 62
8 58

8 76
9 11
9 12
9 12

920
9 13
9 05
8.94

Aug. 1
8
15
22
29

6.54
6 61
6.76
6 90
6.73

6.56
643
6.38
6 30
6.21

6.47
6 36
6 40
6 31
6.01

6.20
6 10
6 10
5 95
5.70

6.30
6 20
6 25
6 20
535

6.50
6 40
6 45
6 35
6.10

6.85
6 75
6 80
6 45
6.40

8.26
8 00
8 05
8 09
8.04

8.76
8 73
8 71
8 74
8.72

8.26
8 17
8 to
8 12
8.13

8.56
8 52
8 48
8 48
8.50

8.84
8 83
8 84
8 87
8.87

9,37
9 4i
9 42
9 44
9^47

8.52
8 47
8 40
8 42
8.44

9.12
9 15
9 19
9 18 '
9^22

8.85

2
^
I-H
\J
>
H

8 84
8^85

CO
^
>

Sept. 5
12
19.
26

6.72
6.75
6.64
6.52

6.28
6.47
6.46
6.46

6.01
626
6.22
6 24

5.70
6 00
5.96
yj
595

5.85
6 20
6.15
6 15

6.10
6 30
6.25
6 35

6.40
6 55
6.50
6 50

8.03
8 04
7.96
7 84

8.72
8 70
8.69
8 66

8.13
8 13
8.09
8 06

8.48
8 44
8.47
8 48

8.82
8 80
8.80
8 76

9.45
9 44
9.42
9 32

8.43
8 43
8.40
8 38

9.17
9 08
9.12
9 07

8.82
8.83
8.82
8 77

Oct. 3
10
17
24
31

6 53
6.51
6 55
6.66
6.65

6 56
6.55
6 47
6 59
6.57 i

6 36
6.36
6 34
6 43
6 39

6 15
6.15
6 10
6 10
5 85

6 25
6.25
6 20
6 30
6 00

6 40
6.40
6 40
6 55
6 70

6 65
6.65
6 65
6 75
7 00

7 85
7.82
7 88
7 91
7 92

8 63
8.63
8 62
8 63
8 64

8 46
8.45
8 43
8 45
8 44

8 74
8.72
8 68
8 70 '
8 74 !

9 29
9.34
9 34
931
9 34

8 36
8.37
8 33
8 33
8 36

9 04
9.05
9 06
9 07
9 06

8.74
8 71
8 73
8.77

g
?0
j
H

Nov. 7
14
21
28

6.49
6 39
6.19
5 97

6.48
6 36
6 22
5 74

6 76
6 14
6 05
5 71

6 00
5 95
5 85
5 35

6 10
6 05
6 00
5 60

6 35
6 13
6 00
5 85

6 60
6 40
6 25
6 05

7 85
7 79
7 77
7 74

8 68
8 67
8 64
8 62

8 05
8.02
8 01
8 03
8
*07 i
8 09
8 07
8 05
8 02

8 46
8 46
8 41
8 37

8 76
8 76
8 73
8 71

9 38
9 41
9 38
9 37

8 39
8 39
8 36
8 35

9 08
9 09
9 06
9 04

8.81
8 80
8.76
8 71

Dec 4
11
18
25

5 93
5 89
5.87
6 05

5 63
5 63
5 69
5 77

5 54
5 42
5 49
5 49

5 15
5 15
5 15
5 25

5 30
5*30
5 35
5 35

'
'

5 65
5 55
5 60
5 60

6 05
5 70
5 75 if
5*75

7 59
7 36
7 36
7 36

8 51
8 46
8 33
8 23

7 85
7 78
7 59
7 51

8 27
8 22
8 12
8 03

8 63
8 59
8 46
8 38

9 27
9 28
9 12
9 02

8 19
8 09
7 92
7 80

9 00
9 02
8 98
8 93

8 61
8 57
8.43
833

?d
W
LJ
W

1969 Nov. 1
8
15
22
29

Digitized for FRASER


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

7 Qfl

'
r

0 AA

8 50

8881si

tn

t/5
(71

<*
r*

C/3

MONEY RATES AND SECURITIES MARKETS


12.13

YIELDS ON Aaa UTILITY BONDS

A. ANNUALLY AND MONTHLY, 1960-70


[Per cent per annum]
New
issue

Year and
month

Recently
offered

1960
1961 . .
1962
1961
1964..

4.63
4.35
4 19
4.21
4.34

1965. .
1966
1 967
1968..
1969

4.50
5 41
5.82
6.50
7 71

4.51
5.38
5.79
6.47
7.64

1970

8.68

8.71

I960 Jan
Feb
Mar. .
Apr. . . .
May .
June . . .
July
Aug.
Sept....
Oct.
Nov. .
Dec. . . .
1961 Jan
Feb
Mar.
Apr, .
May
June .
July
Aug.
Sept.
Oct
Nov..
Dee.

.
..
..
..
..
..
.

Digitized for FRASER


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

Year and
month

New
issue

Recentlyoffered

Year and
month

New
issue

Recently
offered

Year and
month

New
issue

Recently
o tiered

1962 J a n . . . .
Feb....
Mar...
Apr, . .
May. .
June . .
July., ,
Aug. . .
Sept.. .
Oct.. .
Nov.,.
Dec. . .

4.36
4.40
4.28
4.14
4.12
4.13
4.28
4.25
4.06
4.13
4.04
4.09

1965 Jan....
Feb.,..
Mar...
Apr. . .
May. .
June. .
July...
Aug.. .
Sept. . .
Oct... .
Nov...
Dec. . .

4.30
4.36
4.38
4.39
4.42
4.47
4.49
4.56
4.58
4.59
4.67
4.84

4.44
4.42
4.41
4.37
4.43
4.44
4.51
4.56
4.59
4.54
4.69
4.74

1968 Jan....
Feb...,
Mar...
Apr. . .
May . .
June . .
July...
Aug.. .
Sept. . .
Oct....
Nov. . .
Dec. . .

6.79
6 . 25
6 . 50
6.M
6.74
6.69
6.48
6.18
6.25
6.50
6.66
6.93

6.31
6 25
6 40
6.46
6 61
6.68
6 51
6.26
6.27
6 48
6.52
6.84

4.93
4.86
4.75
4.74
4.76
4.62
4 49
4.19
4.40
4.54
4.60
4.70

1963 Jan....
Feb....
Mar.. .
Apr. . .
May . .
June . .
July
Aug. .
Sept. . .
Oct..
Nov.. .
Dec. . .

4.08
4.12
4.12
4.20
4.20
4.19
4.23
4.20
4.25
4 23
4.29
4.35

1966 Jan....
Feb....
Mar...
Apr. . .
May. .
J une . .
July.
Aug. .
Sept...
Oct..
Nov. . .
Dec. . .

4.78
5.01
5.21
5.07
5.27
5.37
5.52
5.81
5.85
5.71
5.81
5.73

4.78
4.93
5.16
5.08
5.22
5.36
5.43
5.71
5.74
5.73
5.75
5.64

1969 J a n . . . .
Feb....
Mar...
Apr. . .
May. .
June. .
July...
Aug.. .
Sept. . .
Oct.. .
Nov. . .
Dec. . .

6.98
6.98
7.?8
7.18
7 . J2
7.W
7.66
7.72
8.15
8.16
8.48
8. 2

6.90
7.02
7.21
7.16
7.15
7.65
7 66
7 . 66
8.05
8 17
8.18
8.67

4.11
4 . 05
4 . 05
4.36
4.38
4.62
4.42
4.54
4.43
4.30
4.38
4.51

1964 J a n . . . .
Feb....
Mar...
Apr.. .
May . .
June . .
July
Aug. .
Sept.
Oct..
Nov.. .
Dec.

4.33
4.25
4.36
(>)
4.37
4.39
4 34
4.31
4 32
4.32

1967Jan....
Feb....
Ma r, .
Apr. . .
May ,
June. .
July
Aug.
Sept.
Oct..
Nov.. .
Dec.

5.18
5.21
5.36
5.42
5.70
5.87
5.87
5.99
5 96
6.19
6.47
6.59

5.26
5.18
5.32
5.42
5.66
5.81
5 . 88
5.96
S 96
6.15
6.36
6.49

1970 Jan....
Feb....
Mar...
Apr. . .
May. .
June . .
July...
Aug. . .
Sept. .
Oct....
Nov. . .
Dec. . .

8 . f <)
8 . 53
8 . 64
8.6*)
9.0)
9.25
8.7*)
H.72
8.63
8.^1
8.?1
7.93

8.64
8.54
8.60
8.71
8.98
<).15
8.87
8.85
8.69
8.70
8 . 59
8.18

4 39

758

MONEY RATES AND SECURITIES MARKETS


12.13

YIELDS ON Aaa UTILITY BONDSContinued


B. WEEKLY, 1960-70
[Per cent per annum]

New
issue

Week ending

I960 jan

4 99
5 03
4 83
4.85

16
2'

30...

Feb

(J

n...

Week ending

1961Apr. 1

g
15

22..
29..

New
issue

4.02
4 18
4 39
4.52
4.35

4.82
4 86
4 89

M. yj 6..

i;>
i<>."

4.84
4.75

June 3..
10..
17. .

Ap,.2...

4.60
4 61
4 72
4.96
4.72

24

4.51
4.65
4.62
4.59

July 1

4 67

20
2'f

Mar. '5

26

is

23

30 ...

May 7 . .

14

4.72

28

4 87

21..
June 4. . .
11
IB.. .
25 .

4.62
4.66
4.59

July 2 . . .
9 ..

4.57
4.52
4 50
4.49
4 42

16

23 . .
30

Aug. 6. . .
13 ..

4 08
4.32

Sept. 3 ...
10...
17...
24...

4.30

Oct. 1 ...
8...
15. ..
22...
29 ..

4.40
4.54

Nov. 5 . . .
12.
19...
26...

4.33

Dec. 3
10...
17...
24
31...

s':

4.35
4.53
4.38

Aug. 5. .
12..
19. .
26..

4.40
4.59
4 56

9..

16..
23..
30..

4.40
4.45

4.63
4.54

15..
22..
29..

Sept. 2. .

4.09

20

27.,.

20
27

4.36
4.44
4 34
4 29

4 87
4.68
4.63

1963Oct. 5 .

4.21

19 .
26..

4,20

Nov. 2. .
9..
16 .

4.29
4.28

Dec. 7 . .
14..
21..
28 .

4.26
4.36
4.43

1964 Jan. 4
11..
18..
25..

4.41
4.32
4.25

4.14
4.17
3.96
4.14

15..
22 .
29..

4.18
4.25
4.33

Mar. 7..
14..
21. .

4.32

1963 Jan. 5..


12..
19..
26..

4.14
4.00
4.11
4.09

Apr. 4. .
11 .
18..

4.10
4.10

May 2 . .
9. .

4.15

23..
30. .

4.33
4.38
4 41
4.34
4.35

June 6. .
13..
20..
27..

4.42
4.33
4.42
4.37

1962July 7 . .
14

21. .
28..

4 33
4 28
4.21

Aug. 4. .
11..
18..

4.33
4.36
4.31
4 22

Sept. 1 . .
8..
15..
22..
29..

4.09
4.12
3.84

Oct. 6. .
13..
20..
27..

4 13

Nov. 3..
10..
17..
24..

3.99
3.92
4.10

Dec. I . .
8..
15..
22..
29..

25

4 24

4.19

12

23
30

4 30

Feb. 1..

8..

28

4.39

4.24
4.36
4.43

Dec. 2 . .
9..
16..
23..
30..

4.48
4.41
4.62

Mar. 2 . .
9..
16..
23..
30..

4.11
4.03
4.18
4.13
4.16
4.14
4 15
4.26
4 22

July 4..

4.26

Apr. 6..
13..
20..
27..

May

4.27
4 18
4.17
4.20

Aug. 1 . .
g
15..
22..
29..

4.29

Sept, 5
12!.
19

4.45

Feb. 3 . .
10..
17..
24..

4.48
4.40
4.38

Mar. 3 . .
10..
17
24..
31..

4.29
4.25
4.32
4.30
4.27

M-:
21..

Feb. 4 . . .
11...
18
25 ..

4.13
4.09
4.09
4.22

4.06
4 02

M.y,5..

Mar. 4 ...
11

4.10

4.19
4.12
4.13
4.13

28..

19..
26..
June 2
9

16..
23..
30..

3 99
4.06
4.09
4.16
4.28

,?::
18..
25..

June 1 , ,

8..

15..
22. .
29..

July 6. .
13..
20..
27..

4.17
4 19
4.20
4.22
4.28
4.21

Aug. 3. .
10..
17. .
24..
31..

4.19
4.18

Sept 7

4 26

14

21..
28..

4.24
4.19
4.30

759

1965Jan. 2
9

16....
23 . . . .
30....

New
issue

4.40
4.26
4.23

Recently
offered
issues

4.44
4.44
4.44

Feb. 6 . . . .
13....

4.32
4.38

27

4.38

4.41
4.41
4.43
4.44

Mar. 6. ...
13....
20..,.
27

4.42
4.42
4.33
4.34

4.46
4.43
4.39
4.38

Apr. 3
10....
17....
24.,..

4.35
4.38

4.39
4.35

May 1
8 . .
15....
22 . .
29 ....

4.42
4.36
4.46
4.40
4.45

4.37
4.38
4.40
4.43
4.50

June 5 . . . .
12....
19 ...

4.46
4 47

4.49
4.46
4.43
4 39

4.49
4 47
4.50

4.43
4 45
4.53
4 53
4.55

4.50
4 60
4.56
4.60

4,54
4 53
4.56
4.58

4 54
4.60
4.60
4.57

4.60
4.60
4.59
4.58

20

26
10

17 .

25

16

Week ending

4.38

July 3

Nov. 4. .
11. .
18..
25..

AP

Digitized for FRASER


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

New
issue

Feb. 2..
9..
16..
23..

4 35
4.29

4.15
4.12
4.07

18

Week ending

4 30

1961Jan. 7
14...
21...
28...

25. . .

New
issue

Oct. 7 . .
14..
21. .
28..

1962 Jan. 6. .
13..
20. .
27..

4.53
4.80

4.43

Week ending

24

31....

Aug. 7

14

21....
28
Scot. 4

if
;;
18.,..

25

Oct. 2

30....

4.58

4.58
4 54
4.53
4 53
4.53

4.24
4.28
4.36

Nov 6
13..,.
20
27 ....

4.64
4.63
4.67

4 66
4.67
4.68
4,69

4.44
4.24
4 33
4.34

Dec. 4
11. ..
18

4 79
4.87
4 83

Oct. 3
10..
17.
24. .
31.

1966 Jan 1
8....
15....
22
'4.35'
29 ....

4.77
4.78
4.76
4.81

4 69
4.74
4.75
4,78
4.83

Nov. 7 . .
14

Feb. 5 . . . .
12

4.83
4 89
5 03
5.05

4.82
4 83
4.90
5.00

5 29
5 25
5.30
5.15

5 16
5 17
5.20
5.13

11

18..

4.39

25

26

19

28. .
12

19 .

26.

26
4 39

4 59

25

4 31
4.30

21

Dec 5

9
16
23

Mar 5

12

19 . .
26....

4 77
4.76
4 77
4.73

MONEY RATES AND SECURITIES MARKETS


12.13

YIELDS ON Aaa UTILITY BONDSContinued


B.

Week
ending -

New
issue

Recently
offered
issues

Week
ending

WEEKLY, 1960-70Continued
[Per cent per annum ]

New
issue

Recently
offered
issues

Week
ending

New
issue

Recently
offered
issues

1966 -Apr. 2. . .
9. .
16...
23.
30...

5.00
4.95
5.05
5.12
5.19

5.09
5.05
5.01
5.09
5.15

1967 -July 1 . .
8. .
15. .
22. .
29. .

6.00
5.82
5.78
5.86
5.97

5.87
5.82
5.84
5.91
5.91

1968 Oct. 5. .
12..
19. .
26. .

6.33
6.54
6.63
6.46

6.33
6.47
6.52
6.51

May 7 . . .
14. ..
21. ..
28...

5.08
5.25
5.26
5.47

5.12
5.14
5.25
5.33

Aug. 5 . .
12. .
19. .
26. .

5,93
5.97
5.96
6.05

5.93
5.93
5.96
6.01

Nov. 2 . .
9. .
16..
23. .
30..

6.41
6.62
6.71
6.75
6.70

6.47
6.46
6.51
6.52
6.63

June 4 . . .
11. ..
IB. ..
25. ..

5.34
5.43
5.41
5,31

5.32
5.37
5.34
5.36
5.40
5.45
5.43
5.43
5.42

5.9E
5.93
5.95
5.98
5.99

6.S7
7.00
6.92

5.37

5.99
5.90
5.96
6.01
5.96

Dec. 7 . .
14..
21. .
28 .

July 2 . . .
9...
16...
23. .
30...

Sept, 2 . .
9. .
16. .
23. .
30. .

Get, 7
14. .
21
28. .

6.08
6.13
6 34
6.23

6 09
6.11
6 17
6.19

1969 Jan 4 . .
11
18. .
25

Aug. 6. . .
13.
20...
27 . . . .

5.58

Nov. 4, ,
U
18. .
25

6.12
6 52
6.54

6.24
6 32
6.40
6.38

1967

5.57
5.56

5.71
5.98

5.61
5.59
5 68
5.92

Sept. 3 . . .
10. , .
17. . .
24. ..

6.11
5.85
5.79
5.83

5.79
5.72
5.70
5.77

Oct. 1 . . .
8. .
15. . .
22. ..
29...

5.79
5.77
5.74
5.74
5.72

5.76
5.75
5.73
5.72
5.71

Dec. 2
9. .
16. .
23. .
30. .

6.61
6.65
6.51

6.45
6.53
6.53
6.52
6.39

1968 -Jan. 6. .
13. .
20. .
27. .

6.43
6.24
6.23
6.34

6.34
6.34
6.31
6,29

Week
ending- =

New
issue

1970 -Jan. 3 .
10. .
17..
24..
31. .

8.58
8,53
8.46
8,77

8 74
8.58
8,57
8.62
8,76

l?eb. 7 . .
14. .
21..
28. .

8.70
8.56
8.53
8.34

8.64
8.56
8.48
8.46

6.64
6.87
6.91
6 93

Mar. 7 . .
14. .
21. .
28

B,U
8.75
8.78
8 64

8.49
8.62
8.70
8 62

6 94
6.98
6 98

6 87
6 89
6^89
6 88

Apr 4
11
18..
25

8 S4

8 54
8 At

Feb. 1 . .
8. .
15
22. .

7.01
7.07
6 82
7.02

6.97
7.03
6 96
7.01

M.y2..

Mar. 1 . .
8
15. .
22. .
29. .

7.03
7 20
7.28
7.51
7.49

7.06
7 ()g
7^20
7.27
7.25

16
23 '. '.
30

9.11
9.03
9 18
8,81
9 *3

9.06
9 09

13. .
20..
27..

8 99
9 ! :*8
9.43
9,36

9 07
9.16
9.18
9.20

AP,)i:.

7.42
7.37
7.00

7.26
7.26
7.14
7.07

July 4, .

i,m

IB'!

25..

8,91
8.81
8.67
8..S7

7.16
7.14
7 19
7^35
7 67

7.09
7.01
7 06
7.19
7 40

Aug. 1 . .
8. .
15
22.
29 ' "

9,06
8.57
8 "9
8.99
8 65

9.17
9.03
8.92
8.73
8.64
8.77
9 Aft
8.83
8 79
8.79
8 77
8.69
8.62
8,59
8.62
8.69
8.74
8.82
8.75
8.78
8.60
8.42
8.20
8.18
8.16
8.17

19. .
26..

g ,yj

8.73

X 'J*>

5.73
5 76
5.76
5.73

Feb. 3 . .
10
17. .
24

6.17
6 22
6.34
6.22

6.24
6 28
6.26
6.23

May 3 . .
10. .
17
24. .
31

5.88
5.79
5,60

5.74
5.74
5.65
5.58
5.52

Mar. 2. .
9.
16. .
23. .
30

6.30
6.45
6.47
6.67

6.24
6.33
6.38
6.41
6 54

June 7 . .
14. .
21. .
28..

7.58
7 82
7.65
7.64

7.51
7.68
7,70
7.65

Sep.. |..
19..
26..

8.49
8 76
8.f9
8.40

Jan. 7. ..
14. ..
21. ..
28...

5.47
5.39
4.92
5.03

5.52
5.32
5.15
5.14

Apr. 6. .
13. .
20. .
27. .

6.40
6.52
6.41
6.68

6.41
6.35
6.49
6.56

July 5 . .
12

19 ; ;
26. .

7.83
7 . 62
7.51
7.70

7.74
7.69
7.63
7.67

5.02
5.07
5.16
5.34

5.11
5.04
5.21
5.31

May

6.55
6.69 !
6.70 i
6.91

6.49
6.52
6.63
6.73

7.82
7.59
7.71
7.63
7.93

7.61
7.56
7.64
7.64
7.80

H.fcl
8. ft
8.f9
9 , (10
8.93

Feb. 4. . .
11. ..
18. ..
25...

Aug. 2. .
9. .
16, .
23
30'.".

Oct. 3..
10..
17. J
24. .1
31. .'
Nov. 7 . .
14. .
21. .
28.,

8.85
8.54
8.55
8.27

Mar. 4. . .
11 ...
I B . ..
25. ..

5.51
5.40
5.29
5.35

5.22
5.33
5.33
5.36

8.01
8.10
8.07
8.32

7.92
8.02
8.00
8.15

Dec. 5 . .

8.20
7.72
7.99

15. ..
22...
29 . . .

5.33
5.35
5.36
5.42
5.56

6.72
6.74
6.70
6.63
6.66

20. .
27. .

5.32
5.31
5.39
5.51
5.49

6.76
6.63
6.84
6.72
6.56

S.P..6..

Apr. 1 . . .

June 1 . .
8. .
15. .
22. .
29. .
July 6. .
13..
20. .
27. .

6.66
6.48
6.36

6. 68
6.61
6.50
6.33

Oct. 4. .
It. .
18. .
25. .

8.37
8.44
8.06
7.94

8.28
8.27
8.14
8.10

May 6 . . .
13...
20 . . .
27...

5.65
5.66
5.65
5.81

5.57
5.62
5.67
5.75

8.14
8.23
8.35
8.43
8.51

5.72
5.76
5.83
5,83

6.31
6.27
6.26
6.24
6.24

8.14
8.13
8.26
8.77
8.76

5.82
5.72
5. 83
5.93

6.37
6.23
6.07
6.16
6.17

Nov. 1 . .
8. .
15. .
22..
29..

June 3 . . .
10...
17. ..
24...

Aug. 3 . .
10. .
17. .
24. .
31. .
Sept. 7. .
14. .
21. .
28. .

6.20
6.25
6.32
6.18

6.26
6.27
6.26
6.27

Dec. 6. .
13..
20..
27. .

8.94
8.70
8.83

8.51
8.65
8.75
8.75

Nov. 5 . . .
12
19 . . .
26. ..

5.65

Dec. 3 . . .
10. . .
17. ..
24. ..
31.

o . .,

Digitized for FRASER


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Federal Reserve Bank of St. Louis

5.85

,t::
18..

25. .

760

Recently
offered
issues

I,2::
26 . . 1

8.72
0 01

8.82
8.92
ne

MONEY RATES AND SECURITIES MARKETS


12.14

BASIC YIELDS OF CORPORATE BONDS, BY TERM TO MATURITY, 1941-70


(Per cent per annum ]
Years to maturity
Year

io

15

20

25

30

1941.. .
1942
1943
1944. . .

.41
.81
1.17
M.08

1.21
1.50
1.71
1.58

1.88
2.16
2.16
2.20

2.28
2.47
2.45
2.54

2.50
2.61
2.61
2.60

2.61
2.64
2.65
2.60

2.65
2.65
2.65
2,60

1945.
1946
1947
1948.,.
1949

1.02
i .86
i 1.05
1.60
1.60

1.53
1.32
t.65
2.03
1.92

2.14
i 1.88
12.08
2.53
2.32

2.45
2.26
2.30
2.66
2.54

2.55
2.35
2.40
2.73
2.62

2.55
2.40
2.46
2.77
2.68

2.55
2.43
2.50
2.80
2.74

1950
1951.
1952..
1953
1954

i 1.42
12.05
12.73
12.62
2.40

M.90
12.22
12.73
12.75
2.52

2.30
2.39
2.73
2.88
2.66

2.40
2.51
2.81
2.97
2.78

2.48
2.59
2.88
3.05
2.88

2.54
2.63
2.94
3.11
2.95

2.58
2.67
3.00
3.15
3.00

1955
1956
1957
1958...
1959

2.60
2.70
13.50
13.21
3.67

2.70
2.78
!3.50
13.25
3.80

2.80
2.86
3.50
3.33
4.03

2.88
2.93
3.50
3.40
4.10

2.95
2.99
i 3.50
3.47
4.10

3.00
3.04
3.60
3.54
4.10

3.04
3.09
3.68
3.61
4.10

1960
1961
1962
1963
1964. ..

4.95
3.10
3.50
3.25
4.00

4.73
3.75
3.97
3.77
4.15

4.60
4.00
4.28
3.98
4.25

4.55
4.06
4.37
4.05
4.29

4.55
4.12
4.40
4.10
4.33

4.55
4.16
4.41
4.14
4.33

4.55
4.22
4.42
4.16
4.33

1965 .
1966
1967 .
1968
1969

4.15
5.00
5.29
6.24
7.05

4.29
4.97
5.28
6.24
7.05

4.33
4.91
5.23
6.20
7.05

4.35
4.85
5.08
6.08
6.95

4.35
4.80
5.00
6.00
6.77

4.35
4.78
4.95
5.99
6.60

4.35
4.75
4.95
5.93
6.54

1970...

8.15

8.10

8.00

7.75

7.60

7.60

7.60

Digitized for FRASER


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Federal Reserve Bank of St. Louis

More than usually subject to error.

761

MONEY RATES AND SECURITIES MARKETS


12.15

BOND PRICES, BY TYPE OF SECURITY, 1941-70


fPriee per $100 bond*

Standu rd and
Po sr's

U.S.
Govt.
(longterm)

Period

State
and
local
govt.

Corporate

1941
1942 . . . .
1943
1944

109.5
100.7
100,5
100.2

130.9
126.2
131.8
135.7

117.7
117.4
118.3
118.7

1945
1946 . .
1947
1948
1949

102.0
104.8
103.8
100.8
102.7

139.6
140.1
132.8
125.3
128.9

121.6
123.4
122.1
118.3
121.0

1950 .,
1951
1952
1953
1954

102.5
98.4
97.3
99 . 1
. . . . 107.0

133.4
133.0
129.3
119.7
125.8

121.9
117.7
115.8
112.1
117.2

102.4
98.9
93.2
94.0
85.5

123.1
116.3
105.8
106.4
100.7

114.4
109.1
101.3
102.9
95.0

86.2
87.6
86.9
86.3
84.5

103.9
107.8
112.1
111.3
111.5

94.7
95.2
96.2
96.8
95.1

83.8
78.6
76.6
72.3
64.5

110.6
102.6
100.5
93.5
79.0

93.9
86.1
81.8
76.4
68.5

60.5

72.3

61.6

1941 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Get
Nov
Dec

108.5
107.1
108.5
109.2
. . . . 109,7
110,1
. . . . 110.5
110.1
109.9
110.5
103.2
100.5

129.8
127.8
127.6
128.9
130.2
131.4
132.3
132.8
133.0
134.5
134.9
128.1

117.2
116.9
116.8
116.3
116.9
117.3
117.9
118.3
118,5
US. 9
119.1
117.7

1942 Jan
Feta
Mar
Apr
May
June
July
Auu
Sept
Oct
Nov
Dec

100.4
100.4
100.8
101. 1
. . . . 100.9
101.2
100.8
100.6
100.8
100.8
100.6
100.2

126.7
122.6
122.2
124.5
124.5
125.7
126.7
127.6
128.1
128.6
129.0
127.8

117.4
117.3
117.0
117.4
117.3
117.2
117.5
117.5
117.5
117.5
117.5
117.3

1943 Jan
Feb
MatApr
May
June
July
Aug
Sept
Oet
Nov
Dee

100.7
1C- .6
100.4
100.4
. . . 100.7
100.8
100.8
100.5
100.4
100.4
100.2
100.2

127.7
128.6
128.7
129.1
130.4
131.5
133.4
134.6
134.4
135.2
134.9
132.8

117.6
118.0
117.8
117.9
U8.1
118.4
118.8
118.9
118.8
118.7
118.3
117.7

1944 Jan
Feb
Mar
Apr
May
June . .

. . 100.2
100.1
100.3
100.3
100.2
. . . . 100.2

134.4
135.8
136.0
135.8
135.6
135.5

H8.2
118.2
118.3
118.6
118.8
118.6

1955
1956
1957
1958
1959

1960
1961
1962
1963
1964

....

1961
1966
1967
1968
1969 . . .
1970

Digitized for FRASER


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

. .

U.S.
Govt.
(longterm)

Month

Stan da rd and
Pojr's
Month

State
and
local
govt.

Corp orate

100.2
100.4
100.4
100.3
100 3
100.3

136.1
136.5
136.2
135.5
135 2
135.5

118.6
118.7
119.0
119.0
119.0
119.4

101.0
101.8
101.6
101.7
101.7
102.4
... 102.5
102.2
102.0
102.4
102.6
102.7

136.6
138.7
140.7
141.6
141.3
141.5
141.6
138.8
137.0
137.7
139.0
140,1

120.8
121.5
122.0
122.0
121.9
121.6
121.7
121.5
121.3
121.4
121.6
121.8

104.6
106.0
106.5
106.6
104.8
105.3
104.9
104.1
103.2
103.6
103.7
103.9

141.6
143.4
143.4
144.1
142.1
142.0
140.9
140.0
137.8
136.0
136.8
133.4

123.2
124.2
124.6
124.6
123.7
124.1
123.8
123.4
122.6
122.1
122.1
121.8

1947- Jan
Feb . . .
Mar
Apr .
May
June
July
Aug
Sept
Oct
Nov
Dec

104.3
104.4
104.6
104.6
104.5
104.1
103.8
103.9
104.0
103.4
102.1
101.6

134.4
133.1
132.5
133.2
133.9
134.4
134.7
134.3
134.4
132.5
129.4
126.2

122.8
122.9
122.9
123.3
123.4
123.1
123.1
123.2
122.5
120.6
119.3
117.8

1948 Jan
Feb . . .
Mar
Apr . .
May.
June
July
Aug
Sept
Oct .
Nov
Dec. . .

100.7
100.7
100.8
100.8
101.2
101.2
100.8
100.7
100.7
. . 100.7
100.8
100.9

124.5
122.6
123.1
125.7
127.1
127.8
126.6
124.4
124.0
124.5
125.0
127. B

118.1
118.0
118.3
118.9
119.1
119.3
118.5
117.6
117.7
117.6
U7.6
118.5

1949 Jan
Feb . .
Mar
Apr
May
June
July
Aug .
Sept
Oct
Nov
Dec

101.2
101.5
101.7
101.6
101.6
101.7
103.3
103.6
103.9
103.9
104.2
104.4

129.9
128.6
128.8
129.1
129.1
127.5
127.9
129.1
128.6
128.8
129.6
130.3

119.8
120.0
120.1
120.2
120.3
120.2
120.9
121.6
122.1
121.9
122.2
122.6

19 50 Jan
Feb
Mar
Apr
May.
June
July
Aug
Sept
Oct

104.2
103.6
103.2
102.9
102.7
102.4
102.2
102.3
101.9
101.6

131.4
131.7
131.5
131.3
131.5
131.1
131.1
134.-8
135.2
136.4 !

122.7
122.7
122.7
122.5
122.1
122.0
121.5
122.1
121.7
121.2

1944 July
Aug
Sept.
Oct
Nov
Dec. .
1945- Jan .
Keb
MaiApr. .
May
June .
July. . .
Aug
Sept.
Oct
Nov
Dec. . .

1946

Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dee

762

U.S.
Govt.
(longterm)

Standu rd and
Po >r's
State
and
local
govt.

Corporate

101.7
101.5

1 37 . 0
137. v

121.0
121.1

Jan
101 6
101.4
Feb
100.3
Mar.
.
98.9
Apr
97.9
May
June. . . . . . . . . . 97.6
97.6
July
98.9
Aug. . ...
Sept.. . . . . . . . . 99.1
98.2
Oct
Nov. . . . . . . . . . 97.5
96.8
Dee

140
140
135.5
131.9
131.1
12B.6
129.4
132.1
132.0
131.1
131.6
130.9

121.4
121 1
119.4
117.8
117.4
116,6
116.2
117.1
118.0
116.9
115.3
114.8

96.3
96.8
96.9
98.0
98,9
98.3
98.4
97.1
96.9
96.4
97.0
96.4

130.8
132.1
131.4
132.7
131.9
130.9
130.4
128.6
126.6
125.0
125 4
125.3

115.5
116. 6
115.9
116.2
116.3
116.2
116.0
115.8
115.7
114.7
115. 2
115.3

1953= Jan... . . . . 95.7


95.3
Feb
94.3
Mar.
Apr...
. . 100.4
98.2
May
98.1
June
July
, . 99.4
99.3
Aug
99.1
Sept
Oet......
. 102,0
Nov
102.1
103.2
Dec

124.0
122.8
121.6
121.5
119.4
115.1
115.1
116.9
116.9
119.7
121.4
122.3

114.5
114.0
113.4
111. 7
109.8
108.8
110.7
111.4
110.9
112.6
113.6
113.5

1954 Jan
Feb
Mar. . . .
Apr..........
May......... .
June.

July..........
Aug. . . . . . . . . .
Sept
......
Oet
Nov
Dec . . . . . . . . . .

104.8
105.9
107,3
108.2
107,2
107.0
108.3
108.2
107.5
107.2
106.7
106.4

123.6
125.4
125.6
123.9
123.6
123.9
126.9
128.4
127.2
126.9
127.4
126,6

114.6
116.5
117.9
118,1
117.5
117.0
117.5
117. 8
117.6
117.5
117.4
117.0

1955 - J a n . . . . . . . . . . .
Feb
......
Mar
Apr
May
June
J
/>
- Aw?,
Sept...... ....
Oel
Nov
Dec
.
.

104.9
103.5
103.4
102.7
102.9
102.7
101.4
100,8
101.2
102 0
101.7
101.4

125.4
124.9
124.4
124.9
125.1
123.9
121.4
120.5
121.3
122 5
122.7
119.8

116,7
115.7
115.4
115.2
114.7
114.5
114.3
113.3
113.1

1956 J a n . . . . . .
Feb
Mar
......
Apr. . . . . . . . . .
Mav...
...
June,, . . . . . . . . .
July
Aug. . . . . . . . . .
S e p t . . . . . . . .. .
Oet......
Nov........ ..
Dec . .

101.8
102.3
101.1
99.0
100.4
101.1
100. 0
97.5
96.9
97.1
95.6
94.2

121.0
122.2
120.3
116.9
117.3
119. 2
118.6
116.0
113.8
112.8
109.0
108.1

1950 Nov
D^e

1951

1952-Jan
Feb.
Mar..
Apr
May.... .
June,
July
Aut
Sept
Oct...
Nov
Dec

. .

.,

in 5

113.7
112.4
113.3
113.9
113.2
111.2
110.6
110.5
110.2
108.4
105.8
105.2
103.7
102.8

MONEY RATES AND SECURITIES MARKETS


12.15

BOND PRICES, BY TYPE OF SECURITY, 1941-70Continued


[Price per $100 bond]

U.S.
Govt.
(longterm)

Standard and
Poor's
State
and
local
govt.

Corporate

95.1
96.8
96.2
95.4
94.2
91.8
91.5
91.1
90.7
89.8
91.9
95.6

108.6
110.9
110.0
109.8
106.9
103.5
103.5
101.2
101.3
102.9
103.4
107,5

102.8
104.2
104.4
104.3
103.2
101.0
100.0
98.3
98.0
98.2
98.3
102.7

19 58 Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

96.5
96.2
96.3
98.2
97.9
97.2
94.8
91.5
89.5
89.4
90.1
88.9

110.0
109.1
107.9
110.0
111.4
UO. 8
108.0
103.7
100.6
100.9
102.3
102.3

105.9
105.7
105.0
105.3
105.5
105.5
104.2
102.0
98.9
98.6
98.8
98.7

1959 Jan
Feb
MatApr .
May
June
July
Aug
Sept
Oct
Nov
Dec

87.5
87.4
87.4
86.2
85.3
85.2
85.0
85.1
83.2
85.0
84.8
83.0

101.8
102.2
103.4
102.2
100.4
99.4
99.4
100.6
98.3
100.2
100.9
99.3

98.1
98.0
98.2
97.0
95.0
94.0
93.8
94.3
93.0
92.8
92.9
92.4

I960 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec

81.8
83.6
85.3
84.2
84.4
86.5
88.1
88.9
88.6
87.5
87.2
87.8

98.3
100.4
101.9
102.3
102.2
103.1
103.9
106.7
106.7
105.9
107.7
108.0

92.0
92.8
93.9
94.2
94.1
94.2
94.8
96.4
96.8
96.0
95.5
95.1

1961 Jan
Feb
Mar
Apr.-.
May
June
July
Aug

87.7
88.7
89.1
88.8
89.7
87.8
87.6
86.3

108.1
109.7
108.9
108.1
109.0
106.8
106.7
106.5

95.6
96.3
97.0
96.4
96.0
95.0
94.5
93.9

Month

1957 Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec .

. . .

. .

Digitized for FRASER


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

U.S.
Govt.
(longterm)

Month

Standard and
Poor's
State
and
local
govt.

Corporate

1961- Sept
Oct
Nov
Dec . . . .

86.1
86.6
86.5
85.6

106.6
107.7
108.1
107.3

93.9
94.6
94.9
94.5

1962 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

85.3
85.2
86.2
87.7
87.9
87.6
86.1
86.6
87.0
87.7
88.0
88.0

109.9
110.5
111.9
113.7
113.5
111.2
110.2
110.1
112.1
114.4
114.5
113.0

94.9
94.8
95.3
96.0
96.6
96.3
95.9
95.7
96.3
97.3
97.4
97.3

1963 Jan
Feb , .
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

87.8
87.3
87.2
86.6
86.7
86.4
86.2
86.4
85.8
85.5
85.0
84.6

113.0
112.1
113.3
113.1
112.6
110.7
110.3
111.4
110.7
109.9
108.5
109.5

97.6
97.8
97.8
97.4
97.1
97.1
96.7
96.5
95.9
95.9
95.9
95.4

1964 Jan
Feb
Mar
Apr. .
May
June
July
Aug . , .
Sept
Oct
Nov
Dec

84.4
84.6
84.1
83.8
84.4
84.7
84.7
84.6
84.3
84.4
84.8
84.7

111.2
112.3
109.9
110.3
111.6
111.-8
112.1
111.8
lll.O
110.9
112.0
112.6

95.3
95.7
95.2
94.7
94.7
94.9
95.2
95.3
95.1
95,1
95.2
95.3

1965 Jan
Feb
Mar
Apr
May
June . . . ,
July
Sept
Oct
Nov
Dec

84.6
84.4
84.5
84.5
84.6
84.6
84.5
84.0
83.3
83.0
82.2
81.2

114.0
113.3
112.0
112.2
111.9
110.8
U0.8
lll.O
109.3
108.4
107.7
106,3

95.5
95.5
95.2
95.0
94.7
94.3
93.9
93.5
92.8
92.7
92.3
91.1

1966 Jan
Feb
Mar
Apr

81.2
79.3
78.9
79.8

106.9
105.2
103.9
105.9

90.5
89.5
87.9
87.6

Aug

. .

763

Month

U.S.
Govt.
(longterm)

1966 M a y . .
June
July
Aug
Sept
Oct . . .
Nov
Dec. .

Standard and
Poor's
State
and
local
govt.

Corporate

79.6
78.9
77.6
77.0
77.2
78.1
77.7
78.7

104.5
103.2
100.9
97.7
98.5
100.5
101.0
102.4

87.6
86.9
86.0
84. t
82.6
83.5
83.5
83.0

1967 Jan
Feb . . .
Mar
Apr. .
May
June
July
Aug
Sept
Oct
Nov
Dec

81.5
80.7
81.0
80.2
77.5
76.4
76.4
75.4
75.0
73.0
70.5
71.2

106.0
106.4
105.8
104.9
101. 1
100.2
99.3
99.6
98.0
95.9
95.2
93.6

85.9
86.4
85.6
85.4
83.4
81.7
81.1
80.3
80.0
78.5
76.8
75.9

1968 Jan
Feb
Mar
Apr
May
June. .
July
Aug
Sept
Oct
Nov
Dec .

73.1
73.3
71.0
72.1
70.9
72.6
74.0
74.5
74.0
72.4
71.3
68.5

95.6
94.8
92.7
94.7
92.7
92.8
95.3
95.9
93.9
92.7
91.2
89.2

77.2
77.5
76.9
76,2
75.3
75.6
76.1
78.1
78.4
77.0
75,7
72.8

1969 Jan .
Feb
MaiApr
May
June
July
Aug
Sept
Oct
Nov
Dec .

67.6
66.6
64.9
67.7
66.7
64.8
64.8
65.2
62.6
63.1
61.1
58.7

88.0
86.4
83.7
84.2
82.3
78.6
78.5
76.1
73.6
74.9
73.4
68.7

72,3
71.8
70.6
69.5
70.3
68.9
68.2
68.4
67.2
66.5
65.7
62,9

1970 Jan
Feb
Mar
Apr. .
May
June
July.
Aug
Sept
Oct . .
Nov
Dec

58.3
61.6
62.0
60.9
57.8
57.4
60.6
59.2
60.1
60.4
63.3
65.6

69.7
71.7
75.6
71.9
67.8
67.5
70.6
73.8
72.3
71.9
75.1
79.8

62.2
62.4
62.8
62.8
61.2
59.5
59.0
60.0
60.8
61.3
61.9
64.7

. .

12.16

I
I

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION


A. ANNUALLY AND MONTHLY, 1900-70
H94I-43 = 101

Year
Total

1
Indus- ! Railtrial '; road

Pre- \
ferred

. Public
j utility

1900
1901
1902
1903
1904

6.15
7.H4
8.42
7.21
7.05

3.38
4.00
3.92
3.20
2.92

1905
1906
1907
1908
1909.

8.99
9.64
7.84
7.78
9.7!

4.11
4.82
3.84
3.74 i
4.99

1910.
191!
1912
1913
1914

9.35
9.24
9.53
8.51
8.08

5.02 ! 32.90 19.08


4.82
32.43 < 20.00
5.18
32.83
20.92
4.56
29.48 18.92
4.50
27.39
18.14

.,..2
111.4
111.7
106.7
107.9

8.31
9.47
8.50
7.54
8.78

5.22
6.62
6.15
5.57
7.13

,
'
I
f
1

26.38
28.35
24.89
22.40
22.94

:
18.65
' 20.26
s1 18.24
i 14.70
1 14.79

108.0
113.1
109.1
104.4
110.9

1920
1921
1922
1923.. . . . . . . . .
1924...

7.98
6.86
8.41
8.57
9.05

6.50
5.07
6.35
6.54
6.83

j
!'
i
'

20.86 - 13.36
20 J 5 ; 14.18
23.71 " 17.39
23.45 ; 18.11
25.02 \ 19.34

1925
1926... . . . .
1927
1928
1929

11.15
12.59
15.34
19.95
26 02

8.69
10.04
12.53
16.92
21 15

1
i
,

1930
1931...........
1932
1933...
1934

21.03
13.66
6.93
8.96
9.84

16.42 '
10.51
5.37 :.
7.61
9.00

1935
1936
193?
1938.
1939

10.60
15.47
15.41
U.49
12.06

14.69
14.97
11.39
11.77

11.02
9.82
8.67
11.50

10.69
9.72
8.78
11.49

1915
1916
1917
1918
1919

......

. . .

. ..

1940...........
1941
1942
1943..

Digitized for FRASER


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

1 18.62
' 25.01
: 28.37 *
i; 24.71
24.61

24.22
. 27.82
28.25
24. 4B
24.19
!

. . . . .

31.85 i 25.59
34.06 t 23.25
28.09 | 17.36
28.18 | 1 6 . 1 1
34.79 19.39

Month
Total

Industrial

Common

Common

Common

Railroad

Public
utility

Preferred

Month
Total

Indus- ! Railtrial | road


!
I
;
\

PrePublic ferred
utility ,j

33.76
32.24
30.64
31.09
32.26
32.14

20.41 112.6
19.63 110.8
19.25
109.2
19.57
108.8
20.09 ; 109.8
19.92 1 10.1

1902- July. . . . .
Aug.
Sept
Oci
Nov
Dec

8.60
8.83
8.85
8.57
8.24
8.05

3.93
4.02
4.04
3.92
3.72
3.58

29.36
30.24
30.28
29.30
28.19
27.64

28.15
28.62
28.64
27.67
27.27
27.10

1911 July
Aug
Sept.
Oct
Nov.
Dec

9.63
9.17
8.67
8.72
9 . 07
9.11

5.10
4.80
4.39
4.30
4.53
4.68

1903

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

8.46
8.41
8.08
7.75
7.60
7.18
6.85
6.63
6.47
6.26
6.28
6.57

3.82
3.93
3.81
3.64
3.52
3.30
3.01
2.88
2.74
2.56
2.49
2.64

28.96
28.48
27.18
26.00
25.58
24.20
23.55
22.86
22.54
22.05
22.15
23.00

27.88
27.71
27.08
26.24
25.93
24.63
23.24
22.57 .
21.81
21.37
22.15
23.18

1912 J a n . . . . . .
Feb . . . . .
Mar.. . . .
Apr. .
May,
June.,. ..
July . . . . .
Aug.....
Sept
Oct......
Nov.... .
Dec.....

9.12
9.04
9.30
9.59
9.56
9.58
9.59
9.81
9.H6
9.84
9.73
9.38

4.70 32.06
4.60
31.78
4.84
32.40
5.16
33.18
5.17 32.91
5.28
32.79
5.30
32.79
5.44
33.60
5.54
33.60
5.57
33.40
5.44 :i 33.18
5.13
32.26

20.24
20.45
21.02
21.12
21.04
21.02
21.18
21.29
21.18
21.04
20.95
20.47

110.6
110.5
111.6
112.3
112.4
112.6
112.2
112.8
112.9
\ 112.7
[ 110.7
109.6

1904

Jan.
Feb. . . .
Mar
Apr. . . .
May... . .
June
July
A u(?
Sept
Oct......
Nov. . . . .
Dec . . . . .

6.68
6.50
6.48
6.64
6.50
6.51
6.78
7.01
7.32
7.75
8.17
8.25

2.72
2.65
2.63
2.68
2.59
2.60
2.73
2.83
3.00
3.27
3.64
3.71

23.36
22.64
22.64
23.20
22.61
22.70
23 79
24.56
25. 6E
27.14
28.31
28.74

23.47
22.88
22.93
23.39
23.45
23.28
23.66
24.40
24.92
25.80
26.24
25.91

1913 J a n . . . . . .
Feb . . . . .
Mar. . . . .
Apr. . . . .
May. . . . .
June.... .
July.
Aug. . . . .
i
Sept . . . . .
Oci
Nov..
Dec. . . . .

9 . 30
8.97
8.80
8.79
8.55
8.12
8.23
8.45
8.53
8.26
8.05
8.04

5.07
4.81
4.70
4.71
4.57
4.23
4.32
4.57
4.66
4.44
4.30
4.33

i;

20.13
19.57
19.42
19.25
18.92
18.45
18.60
19.06
19.29
18.54
17.99
17.78

I 108.8
i 108.3
107.7
107.9
106.4
104.5
104.9
106.4
i, 107.8
! 106.3
? 105.3
105.5

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

8.43
8.80
9. 05
8.94
8.50
8.60
8.H7
9 . 20
9.23
9.36
9 .J I
9.54

3.77
3.96
4.10
4.12
3.86
3.85
4.01
4.18
4.13
4.26
4.35
4.71

29.62
31.09
32.00
31.51
29.99
30.54
31.49
32.85
33.15
33.50
33.08
33.34

25.61
25.84
26.24
25.93
25.07
25.28 . . . . . . .
25 55
25. H4
25.47
25.51

1914 J a n . . .
Feb.....
Mar. .
Apr.
May.....
June.... .
July . . . .
Aug.....
Sept.....
Oct......
Xov
Dec

8.37
8.48
8.32
8.12
E.17
8.13
7,68

4.59
4.73
4.70
4.54
4.57
4.55
4.27

'! 28.68
' 28.90
28.12
, 27.44
,: 27.64
27.46
26.06

18.37
18.60
18.60
18.29
18.39
18.29
17.38

107.5
; 108.9
! 108.6
| 108.1
' 108.6
;
108.5
; 107.5

17 .22

105.7

9.S7
9.80
9.56
9.43
9.18
9.30

4.99
4.95
4.13
4.73
4.56
4.56

34.35
34.22
33. 60
33.11
32.26
32.89

25.72
2s* 22
24*21
23.51
23. 2g
23.14

. . . . . . .

::::.::

29.21
32.72 i,
38.17
40.40 i'
! 46 15

10 n

23.28
24.11
27.63
36.86
59 33

39.82 i 53.24
23.72 37.18
8.75 20.65
12.75
19.72
14.05 . 15.79

n 7 i i s i s

'
'
'
i!

103.2
103.0
114.0
114.5
115.2

i
118.6
121.0
127.1
136.7
136.7
141.5
139.4
114.7
122.1
132.5

1905

LSI. 4
161.9
157.6
161.4
167.5 ' 1906 -Jan......
Feb . . . . .
169.2
Mar,....
Apr
171.9
162.4
May.....
June.
, 172.7

17.71
16.86
9.15 j:
9.82 -!

22.47
19.07
14.17
16.34 '

9.41 :
9.39 II
8.81 !'
11.81 1.

15,05
10.93
7.74
11.34

--> c T-I

2S'.$\

i
. . ... 1915 Jan...
Feb . . . . .
Mar,
Apr,. . .
May.....
June,.., .

|i
"
ij
'
1
j!
i

32.06
31.22
30.60
30.54
29.69
28.31
28.68
29.14
29.24
28,55
27.89 i
27.83

X.Y.S.B. closed
7.35

4.08

7.48
7. 38
7.57
8.14
7.95
8.04

4.14
25.19
4.07 ' 24.76
4.29 , 25.21
4.E5
26.55
4.76
25.84
4.97
25.64

24.83

17.51 106.5
17.68 105.2
17.93 104. 0
18.52 107.1
18.24 , 106.9
18.48 107.4

3
*(
m

1944

12.47

12.34

13.47

12.81

175.8

1945
1946
1947
1948
1949

15.16
17.08
15.17
15.53
15.23

14.72
16.48
14.85
15.34
15.00

18.21
19.09
14 02
15.27
12.83

16 84
20.76
18 01
16.77
17.87

189.1
198.5
184 7
168.6
176.4

1950
1951
1952
1953
1954

18 40
22.34
24.50
24.73
29.69

18 33
22.68
24.78
24.84
30.25

15 53
19.91
22.49
22.60
23.96

19 96
20 59
22.86
24.03
27.57

181 7
!70 4
169.7
164.0
174.5

1955
1956
1957
1958
1959

40 49
46.62
44.38
46.24
57.38

42.40
49.80
47.63
49.36
61 .45

32 94
33.65
28.11
27.05
35.09

31 .37
32.25
32.19
37.22
44.15

174.8
165.3
151.4
157.4
149,5

I960
1961
1962 .
1963
1964

55.85
66.27
62.38
69.87
81 .37

59.43
69.99
65.54
73.39
86.19

30.31
32.83
30.56
37.58
45.46

46.86
60.20
59.16
64.99
69.91

147.4
150.2
155.6
163.0
162.3

1965 .
1966
1967
1968
1969

88-17
85.26
91 .93
98.70
97.84

93.48
91.09
99 18
1 07 . 49
107 13

46.78
46.34
46.72
48.84
45.95

76.08
68.21
68 . 1 0
66.42
62.64

161.9
141 .2
131 .7
121.3
109.6

1970

97.0

. .

83.22

91 29

32.13

54.48

1900 Jan
Feb
MaiApr
May
June
July
Aug
Sept
Oct
Nov
Dec . .

6. 10
6 21
6.26
6.34
6.04
5 86
5.86
5 94
5.80
6 01
6.48
6.87

3.51
3 59
3.51
3.50
3.23
3 07
3.13
3 21
3.13
3 26
3 61
3.75

18.01
18 40
18.85
19.19
18.44
17 98
17.88
18 04
17.75
18 34
19 58
21 .01

25.26
24 94
24 . 40
24.69
24.02
23 45
23.24
23 3S
22.57
21 33
25.32
26.10

1901 J a n . . ,
Feb
Mar
Apr. . . ,
May
June
July
A ut;
Sepl
Oct
Nov
Dec

7.07
7.25
7.51
8.14
7.73
8.50
7 93
8 04
8 00
7.91
8 08
7 95

3.75
3.81
3.95
4.27
3.92
4.45
4 17
4 14
4 05
3.89
3 88
3 75

21 .99
22.70
23 . 49
25.58
24.60
26.95
"M 83
25 45
25 61
25.74
26 79
26 39

25.97
26.10
27.21
28.87
27.76
29 . 20
28 49
28 72
28 32
27 . 52
27 88
27 84

1902- J a n . . . .
Feb
MaiApr. . . . .
May
June

8.12
8.19
8 ?0
8.48
8.46
8 41

3.91
3.96
3 96
4.07
4.01
3,91

26.81
27.01
27 05
28.09
28.19
28.31

28.01
28.26
28 49
29.31
28.89
28.53

Digitized for FRASER


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

1906 July. ...


Aug
Sept . .
Oct
Nov
Dec

9.06
9 73
10 03
9.97
9 93
9.84

4.41
4 82
5 01
5.04
5 03
4.98

32.26
34 71
35.75
35.40
35 26
34.94

22.25
22 63
22.40
22.36
22 19
22.11

1915 July
Aug . . . .
Sept
Oct
Nov
Dec

8.01
8.35
8.66
9.14
9.46
9.48

5.13
5.49
5.82
6.24
6.37
6.47

25.05
25 80
26.49
27.93
29 14
28.94

18 27
18 60
18 98
19.42
20 03
20.11

1907 Jan
Feb
Mar
Apr. . . .
May
June
July
Aug
Sept. . .
Oct
Nov
Dec

9.56
9 26
8 35
8.39
8.10
7 84
8.14
7 53
7.45
6.64
6 25
6.57

4.89
4 78
4 30
4.23
4.06
3 94
4.12
3 70
3 50

?.95
2 75
2.89

33.76
32 53
29 26
29.46
28.51
27.76
28.80
27 18
27.18
24.80
23.36
24.44

21.48
21 23
19 48
19.71
19.27
17.99
18.41
15 94
15.62
13.31
12.53
13.35

1916 Jan
Feb
Mar . . .
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

9.33
9.20
9.17
9.07
9.27
9.36
9.23
9.30
9.68
9.98
10.21
9.80

6.40
6.36
6.35
6.24
6.35
6.35
6.21
6.37
6 90
7.17
7.61
7.07

28.45
27 80
27 64
27.44
28.19
28.64
28.35
28 12
28.58
29 . 30
29 . 1 0
28.55

19.92
19 69
19 78
19.69
19.99
20. 11
20.01
20 28
20.55
20 . 83
21 .23
21 .04

1 12 4
1118
112.6
1 12 5
112.1
1 13 1
1 14.0
114.6

1908 Jan
Feb .
Mar
Apr
May... .
June
July
Aug
Sept
Oct
Nov
Dec . . . .

6.85
6 60
6.87
7.24
7.63
7.64
7.92
8.26
8.17
8.27
8.83
9.03

3.08
2 98
3.23
3.43
3.61
3.61
3 85
4.16
3 99
4.07
4 43
4 43

25.35
24.40
25.11
26.30
27.80
27.86
28.61
29.59
29 39
29.71
31 S8
32.43

13.96
13.44
14.02
15.16

1 5 . 79
15.77
16.33
17.07
17.24
17.26
18.27
18.96

19 1 7 Jan
Feb . . . .
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

9.57
9.03
9.31
9.17
8.86
9.04
8.79
8.53
8.12
7.68
7.04
6.80

6.80
6.37
6.71
6.56
6.55
6.75
6.52
6.28
5.91
5.54
4.99
4.85

27.99
26.52
26.85
26.55
25.48
25 . 80
25 . 48
25.11
24.04
23.00
21 .'7
20.55

20.83
19.86
20 . 43
20.41
19.57
19.57
(8.52
1 7 . 53
17.05
16.06
14.91
14.1 1

1H I
112.7
112.0
110.2
110.5
110.4
110.0
108 2
105.7
10^.5
100. 1

1909 = Jan
Feb
MaiApr
May
June
July
Aug
Sept
Oct
Nov
Dec

9.06
8.80
8 92
9 32
9.63
9 80
9 94
10 18
10 19
10.23
10 I S
10 30

4.41
4.19
4 19
4 49
4.80
4 98
5 09
5 "P
5 41
5.56
5 69
5 74

32.85
32.20
32 69
33.93
34.68
35 16
35 75
36 41
36 25
36.15
35 46
35.95

18,37
17.66
18 18
18.92
19.57
19.69
1 9 . 59
19.86
20.01
19.95
20 30
20.53

1918 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov .
Dec . . . .

7.21
7.43
7.28
7.21
7.44
7.45
7.51
7.58
7.54
7.86
8.06
7.90

5.25
5.46
5.31
5.32
5.53
5.54
5.62
5.66
5.57
5.79
5.91
5.84

21.46
21.79
21 .77
21 .22
21.94
22.03
22.05
2?. 58
22.69
23.41
24.27
23.57

14.89
15.22
14 76
14.51
14.38
14.34
14 05
13.94
14 30
15.31
15 64
15.01

102.3
104.2
104 3
103.9
104.0
103.5
104 0
104.5
104 3
105.3
105 9
107.0

1910 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

10 08
9.72
9.96
9.72
9.56
9.10
8.64
8 85
8.91
9 32
9.31
9 05

5 61
5.^3
5.43
5.24
5.1!
4.81
4.53
4 69
4 71
5 00
5.08
4 83

35.30
34.19
35.00
34.29
33.83
32.20
30,60
31 25
31 39
32 69
32.40
31 61

20.01
19.63
19.92
19.29
18.96
18.52
17.82
18 18
18.75
19 34
19.36
19 21

114.6
112.9
114.7
113.2
112.1
110.3
108.0
108 2
109.1
110 6
110.9
109 7

1919 --Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

7.85
7.88
8.12
8.39
8.97
9.21
9.51
8.87
9.01
9.47
9.19
8 92

5.93
5.95
6.21
6.57
7.10
7.44 I
7.85
7 36
7.55
8 10
7.86
7 67

22.84
22.84
23.05
23. ( 2
24.56
24.34
24.33
22 35
22.27
22 54
21.98
21 01

14.68 109.2
14.80 109.8
15.07 110.7
14.99
HI.2
15.39
I I I .4
15.56 112.6
15.37 1 112.6
14 78 1 1 1 4
14 61
111.4
14 44 111 1
14.11
109.8
13 73 109 1

1911 Jan
Feb
Mar
A piMay
June

9.27
9.43
9.32
9 28
9.48
9.67

4.91
5.06
4.96
4 92
5.05
5.13

32.43
32.85
32.49
32 46
33.01
33.80

19.82
20. 11
20.13
19.95
20.45
20.68

111.1
1920 Jan
113.1
Feb
Mar
112.7 '
112.1
Apr . .
113.4
May
June
113.5
July
Aug
Sept. . . .
Oct
Nov
Dec

8.83
8.10
8.67
8.60
8.06
7.92
7.91
7 60
7.87
7.88
7.48
6.81

7.56
6.75
7.31
7 33
6.78 I
6.64
6.56
6 06
6.23
6.05
5.65
5 08

20.88
19.97
21.33
20 58
19.72
19.58
20.01
20 67
21 86
23.02
22.30
20 43

13.75
13.46
13.73
13 54
13.08
12.97
12 89
13 00
13 29
13.84
13.73
13 04

. . . .

107 2
108 2
109 6

no i

1117
1122
112.2
1124

1150
114.0
114.0

109.1
106.7
106.9
106 0
102.5
102.0
101 .4
JOO 6
100 9
101.9
101.1
99 3

i
12.16

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION

Continued

A. ANNUALLY AND MONTHLY, 1900-70Continued

(1941-43 = 10]
Common
Month
Total

o\

Industrial

Railroad

1921 Jan
Feb . .
Mar
Apr . . .
May
June
July .
Aug
Sept . . . .
Get
Nov
Dec

7.11
7.06
6.88
6.91
7.12
6.55
6.53
6.45
6.61
6.70
7.06
7.31

5.35 20.97
5.31 20.77
5.17 19.94
5.23 19.32
5.40 20.18
4.83 19.19
4.72 19.73
4.57 20.06
4.72 i 20.44
4.86 20.07
5.23 20.48
5.50 20.61

1922 Jan
Feb
Mar
Apr .
June. . .
July
Aug
Sept . .
Get
NOV.
Dec

7.30
7.46
7.74
8,21
8.53
8.45
8.51
8.83
9.06
9.26
8.80
8.78

1923 -Jan
Feb
Mar
Apr.. .
May
June. . . .
July
Aug
Sept
Get..
NOV
Dec.

1924 Jan.....
Feb....
Maf ....
Apr
May
June
July.
AUK
Sept
Get
Nov
Dec

Digitized for FRASER


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

00

Common
PrePublic ferred
utility

Month
Total

Industrial

21.71
23.07
23.94
25.46
23.94
21.52
21.06
20.79
20.78
17.92
16.62
15.51

17.13
18.06
18.73
19.93
18.60
16.68
16.41
16.33
16.21
13.84
12.97
12.17

42.81 52.25 138.4


44.96 57.56 138.9
44.98 60.80 141.2
44.69 66.53 [ 141.3
42.62 63.28 141.4
40.11 56.00 141.6
40.12 53.45 1 141.5
38.98 51.90 ! 142.4
39.07 52.70 143.9
35.58 45.66 144.5
33.31 i 40.83 142.9
30.58 37.92 140.2

15.98
17.20
17.53
15.86
14.33
13.87
14.33
13.90
11.83
10.25
10.39
8.44

12.34
13.27
13.45
12.18
10.97
10.56
10.95
10.72
9.15
7.91
8.09
6.54

32.73
34.11
31.70
28.74
25.43
24.60
24.65
21.72
18.10
16.46
15.06
11.33

40.03
43.90
47.31
42.61
39.11
38.44
39.84
39.12
33.32
28.57
29.33
24.63

: 141.0
! 143.0
! 144.1
! 145.0
145.0
143.9
144.1
144.7
141.1
130.3
129.0
122.0

8.30
8.23
8.26
6.28
5 51
4.77
5.01
7.53
8.26
7.12
7.05
6.82

6.39
6.33
6.35
4.83
4 27
3.80
4.00
5.94
6.39
5.49
5.45
5.18

11.92
11.40
10.70
7.49
5 74
4.90
5.28
9.38
11.41
9.25
8.92
8.62

24.10
24.28
24.88
19.25
17.23
13.95
14.48
21.65
24.13
21.36
21.14
21.37

7.09
1933 Jan.
Feb .
. . . 6.25
Mar
6.23
6.89
Apr
8.87
May
10.39
June
July
11.23
10.67
Aug
Sept . . . . . . . . . 10.58
9.55
Get
9.78
Nov .
9.97
Dec.....

5.35
4.74
4.93
5.75
7.41
8.61
9.40
9.15
9.37
8.49
8.92
9.16

9.36
8.84
8.87
9.GS
12.39
14.59
17.26
16.54
15.88
13.22
13.18
13.77

22.21
18.91
16.9J

102.6
104.1
103.6
103.1
102.7
101.4
101.7
100.5
101.4
102.4
105.2
107.2

1930Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Get
NOV
Dec

5.46
5.57
5.78
6.20
6.52
6.46
6.43
6.59
6.82
7.03
6.67
6.72

20.67 ' 15.60 109.8


21.22 16.00 110.9
22.03 16.57 112.1
111.9
23.17 17.01
23.64 17.34 113.2
23.27 17.22 113.6
24.17 17.32 114.4
25.51 18.08 : 115.4
25.85 18.58 116.4
26.20 18.60 117.6
24.70 18.22 117. 1
24.04 | 18.12 , 116.1

1931 Jan
Feb
Mar
Apr
May
June

8.90
9.28
9.43
9.10
8.67
8.34
8.06
8.10
8.15
8.03
8.27
8.55

6.87
7.22
7.40
7.08
6.64
6.25
6.02
6.07
6.11
5.99
6.24
6.60

24.01
24.98
24.93
24.25
23.71
23.57
22.72
22.51
22.62
22.42
22.83
22.79

116.4
18.14
18.64
117.0
18.66
116.3
18.37 . 114.2
114. 2
18.06
17.85
113.7
17.64
113.8
17.87
114.0
18.08
113.6
17.82 113.4
113.8
17.99
18.16
113.4

8.83
8.87
8.70
8.50
8.47
8.63
9.03
9.34
9.25
9.13
9.64
10.16

6.84
6.H7
67
6.42
6.35
6.45
6.77
7.05
6.73
6.95
7.22
7.66

23.23
23.43
23 79
23.50
23.70
24.24
25.52
26.21
25.85
25.48
27.28
28.56

18.73
IE. 79
18.62
18.41
18.45
I8JI
19.21
19.63
19.92
19.86
20.41
21.23

13.39
13.48
13.75
14.26
14.34
13.98
13.98
14.07
14.23
14.42
14.93
15.28

114.1
114.9
114.2
113.3
113.7
II4.6
1 15.5
116.5
116.0
116.0
116.9
117.1

Railroad

Common

...

July

Aug
Sept
Get
Nov
Dec

1932Jan
Feb
Mar
Apr
May
June
July
AUK
Sept
Get . . . . .
Nov
Dec

Month

PrePublic ferred
utility

20J2
24.96
25.24
21.81
19.20
17.72
16.34
15.83

Total

Indus- j! Railtrial 1 road

PrePublic ferred
utility

1939_Jan .
Feb
Mar
Apr
May.
June ,
July
Aug .
Sept
Get
Nov
Dec

12.50
12.40
12.39
10.83
11.23
11.43
11.71
11.54
12.77
12.90
12.67
12.37

12.30
12.12
12.09
10.56
10.91
11.11
11.37
11.15
12.56
12.60
12.35
12.06

\ 10.25
9.93
i 10.18
; 8.40
8.78
8.91
9.13
8.84
10.65
11.44
10.95
10.37

16.05
16.81
16.77
14.97
15.79
16.06
16.55
16.92
16.18
16.64
16.76
16.52

170.1
176.0
169.4
168.3
169.1
170.7
172.8
172.0
156.1
156.9
165.3
169.0

1940 Jan
Feb
Mar .
Apr.. . . . . . . . . . .
May
June
July.
AUK
Sept
Get
Nov
Dee

12.30
12.22
12.15
12.27
tO. 58
9.67
9.99
10.20
10.63
10.73
10.98
10.53

11.95
11.87
11.84
11.94
10.28
9.34
9.55
9.79
10.26
10.39
10.73
10.34

1 10.20
> 10.12
10.08
} 10.23
i, 8.65
H.03
8.61
8.79
9.43
9.61
9.86
9.29

16.97
16.85
16.34
16.57
14.56
13.70
14.88
14.74
14.68
14.42
13.88
12.97

172.2
171.0
169.6
170.5
166.5
159.9
166.1
167.0
168.6
170.8
171.6
176.2

119.6
119.9
120.9
110.7
106.6
101.8
104.3
115.0
119.7
119.6
119.3
118.9

1941

10.55
9.89
9.95
9.64
9.43
9.76
10.26
10.21
10.24
9.83
9.37
8.76

10.30 9.74
9.64 9.28
9.73 9.40
9.43 9.50
9.27 9.40
9.66
9. 38
10.19 ' 9.H2
10.14 9.92
10.21 9.61
9.81 9.36
9.41 9.09
8.86 8.16

13.25

177.9
172.9
171.5
170.8
168.9
168.9
173.1
174.3
173.4
172.1
170.5
168.7

121.8
120.6
115.3
! {4.5
117.8
123.3
126.6
127.3
128.1
126.3
121.9
121. 1

1942- Jan
Feb............
Mar
Apr........
May
June
July

Jan
Feb
Mar
Apr
Mav
June
July.
Aug
Sept
Get
Nov.
Dee

Sept
Get
Nov
Dec............

8.93
8.65
8.18
7,84
7.93
8.33
8.64
8.59
8.68
9.32
9.47
9.52

8.95
8.67
8.24
7.93
8.01
8.47
8.82
8.76
8.84
9 = 45
9.56
9.68

9.18
9.16
8.5B
8.11
8.06
7.86
8.44
8.73
8.92
9.71
9.70
9.23

I2

'f?
11 ".48
10.72
10.82
1 1 .06
10.91
10.74
10.16
9.14
B.28
8.54

744
6.94
7.18
7.49
7.39
7.24
7.34
8.12
8.60
8.42

166.3
165.1
159.8
154.8
1563
159.2
162.0
164.0
164.0
165.5
165.4
166.9

O
00

tn
on

tn
H
00

m*

10.58
10 67
10.39
10.28
1061
10.80
11 10
11.25
11 51
11.89
12 26
1246

8.13
8 25
7.95
7.91
8 16
8.36
8 66
8.75
9 02
9.41
9 79
9 87

28 90
?8 9*
28 32
27.65
28 13
28.15
28 50
29 32
29 71
29 83
30 80
32 19

21 52
71 <->
21 77
21,88
22 97
23 41
23 85
23 91
24 14
24 67
24 84
24 80

117 4
118 0
116 0
117.6
118 7
119.0
119 6
118.8
119 2
119 3
120 1
119 8

1934Jan . . .
Feb
Mar . . .
Apr
May
June
July.
Aug
Sect
Oct
Nov
Dec

10.54
11 32
10 74
10.92
9 81
9.94
9 47
9.10
8 88
8 95
9 20
9 26

9.56
10 11
9 63
9.86
8 88
8.96
8 60
8.41
8 22
8.31
8 70
8 81

15.26 17.56
17 01 19 86
16 23- 18 43
16.53 18.08
14 65 16 27
14.84 16.72
13 67 15 56
12 10 14 34
11 89 13 75
12.06 13*70
12 06 12 87
12.29 12 30

128 2
129 7
131.4
132 6
133^6
135 6
135 2
132 7
131 6
135 7
140 5

19*3_J^Feb
Mar
Apr
May .
June
July . .
Aug
Sent
Oct
Nov
Dec .

10.09
10 69
11.07
11.44
11 89
12.10
12 35
11.74
11 99
11.88
11 33
11 48

10.22
10 81
11 13
11.44
11 87
12.14
12 29
11.66
11 91
11 78
11 25
11 42

9.88
10 35
11 48
12.35
12 88
12.53
12 89
12 01
12 22
1229
11 43
11 44

9.22
9 66
10 35
10.95
11 35
11.52
12 40
12 03
12 38
12 31
11 76
11 80

168.0
170 8
171 5
171.5
172 1
173.8
175 9
176.4
175 9
175.1
172 6
169 1

12.65
12 67
11.81
11 48
11 56
. . 12 11
12 62
. . 13 12
13.32
13 02
13 19
13 49

10.04
10 10
9.38
9 06
9 12
9 59
1006
10 52
1067
10 46
10 58
10 84

32 15
31 67
31 10
30 76
3! 07
32 18
32 74
33 73
34 63
33 63
34 09
34 83

25 32
25 24
22 69
22 24
22 37
23 38
24 26
24 74
25 02
24 22
24 74
25 04

1200
120 6
120 1
120 6
121 4
121 3
121 2
121 9
120 5
120 2
121 1
123 6

1935 Jan
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct .
Nov
Dec

9 26
8 98
8 41
9 04
9 75
10 12
10 65
11 37
11 61
11 92
13 04
13 04

8 88
8 72
8 19
8 67
9 40
9 64
10 14
10 71
11 01
11 39
12 43
12 38

11 94
11 08
9.78
10 32
1078
11 33
11 75
12 40
12 65
11 94
13 23
14 18

11 90
10 86
10 36
12 4i
13 21
14 65
15*60
17 88
17 56
17-89
19 85
19 64

142 8
144 5
145 6
149 2
153 5
153 8
153 9
154 4
153 5
152 6
154 6
157 9

1944Jan
Feb
Mar ... .
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

11 85
11 77
12 10
11 89
12 10
12 67
13 00
12 81
12 60
12 91
12 82
13 10

11.78
11 63
11 95
11 75
11 98
12 58
12 90
12 67
12 47
12 76
12 67
12 90

12.20
12 83
13 22
13 03
13 15
13 48
13 96
13 65
13 18
13 77
13 97
15 25

12 10
12 18
12 49
12 25
12 30
12 75
13 10
13 37
13 17
13 46
13 25
13 29

171.2
172 7
173.4
173 8
173.2
175 8
177 6
176 9
177.4
177 4
178 5
180 9

1927 Jan . .
Feb
Mar ....
Apr
May .
June
July. . .
Aug
Sept
Oct
Nov
Dec

13 40
13 66
13 87
14 21
14 70
14 89
15 22
16 03
16 94
16 68
17 06
17 46

10 74
1096
11 16
11 42
11 85
12 01
12 38
13 18
14 08
13 80
14 20
14 61

35 00
36 18
36 30
37 21
37 99
38 15
38 66
39 58
39 73
39 35
39 63
40 22

24 87
24 83
25 27
25 99
27 03
27 53
27 35
28 21
29 91
29 89
30 16
30 51

124 0
125 0
125 6
126 4
127 6
127 2
126 7
127 6
128 5
128 5
128 8
129 7

1936Jan
Feb
Mar ... .
Apr
May .
June
July. .
AUK
Sept . .
Oct
Nov . . .
Dec

13 76
14 55
14 86
14 88
14 09
14.69
15 56
15 87
16 05
16 89
17 36
17 06

12 96
13 71
14 12
14.20
13 44
13.93
14 66
14 96
15 17
16 04
16 69
16 41

15 38
17 13
16 79
16.55
15 62
16.43
17 88
18 64
19 17
20 36
19 87
18 74

21 31
21 98
21 73
21.37
20 22
21.79
23 59
23 76
23 45
23 84
23 29
23 29

159 2
160 8
162 6
162.7
161 4
161.7
162 4
163 1
162 1
161 4
160.9
164 5

1945Jan
Feb
Mar
Apr
May
June. .
July
AUK
Sent
Oct
Nov
Dec

13 49
13 94
13 93
1428
14 82
15 09
14 78
14 83
15 84
16 50
17 04
17 33

13 23
13 63
13 63
13 94
14 44
14 58
14 23
14 39
15 43
16 03
16 41
16 73

16 11
16 50
16 52
17 18
17 90
19 16
18 51
17 46
18 38
19 31
20 53
20 95

13 91
14 78
14 75
15 31
16 03
16 85
17 17
16 83
17 58
18 65
20 11
20 05

183 3
185 5
187 7
196.9
191 2
190.9
189 6
188 1
1867
188 0
192 2
195 3

1928 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

17 53
17 32
18 25
19 40
20 00
19 02
19 16
19.78
21 17
21 60
23 06
23 15

14 68
14 43
15 34
16 35
16 74
15 96
16 18
16 80
18 11
18 70
19 94
19 75

39 50
38 64
39 84
41 08
41 84
39 72
39 21
39 62
40 64
40 22
42 08
42 36

31 10
31 81
32 78
35 31
38 07
35 84
35 78
36 60
39 17
38 81
42 14
44 86

131 4
133 6
137 0
141 7
141 1
138 6
137 3
136 7
135 9
134 1
136 5
137 0

1937 Jan
Feb ..
Mar
Apr...
May
June .
July
Aug .
Sept
Oct
Nov
Dec

17 59
18 11
18 09
17.01
16 25
15.64
16 57
16.74
14 37
12.28
11 20
11 02

16 87
17 51
17 52
16 45
15 74
15 26
16 18
16 45
14 12
12 04
10 82
1068

19 25
19 91
21 20
20 32
19 84
18 31
18 12
17 43
14 43
12 01
10 84
1068

24 34
23.43
22 13
20 62
19 15
17 94
19 69
19.46
17 08
15.10
15 25
14 68

/67 6
166.5
159 0
154.8
153 1
155.3
155 2
157.1
156 6
155.2
153 8
156.5

1946 Jan
Feb
Mar
Apr
May
June. .
July

18 02
18 07
17 53
18 66
18 70
18 58
18 05
17 70
15 09
14 75
14 69
15 13

17 34
17 38
16 85
18 02
18 04
17 85
17 42
17*12
14 65
14 35
14 20
14 58

21 83
21 68
20 52
20 84
20 81
21 63
20 55
19 60
15 80
14 77
15 26
15 84

21 34
21 59
21 42
22 60
22 75
22 80
21 74
21 32
18 20
17 92
18 32
19 17

197 9
200.5
203 1
2049
201 9
202 4
204 1
203 4
196 2
191 6
189 3
186 2

1929Jan
Feb
Mar
Apr
May
June. . .
July
Aug
Sept
Oct
Nov
Dec

24.86
24 99
25 43
25 28
25 66
26 15
28 48
30 10
31 30
27 99
20.58
21 40

21 22
21 12
21 68
21 62
21 70
21 55
22 95
23 89
2468
22 26
16 44
17 03

44 19
44 55
43 90
43 02
43 29
45 18
50 31
51 69
52 76
49 38
42 58
42 93

49 00
51 21
51 32
50 68
54 24
60 11
69 98
77 02
82 12
69 89
46 52
49 82

138 1 1938Jan. .
137 5
Feb
Mar
137 6
Apr
137 3
136 6
May
135 8
June
136 3
July
135 4
Aug
136 1
Sept
136 1 1
Oct
135 1
Nov
138 3
Dec

11.31
11 04
10 31
9 89
9 98
10 21
1224
12 31
11.75
13 06
13.07
12 69

11 10
10 89
1022
9 81
9 78
1007
12 12
12 29
11 81
12 98
12 96
12 63

10.29
9 87
8 47
7 52
7 55
7 44
9 70
9 62
8 '64
10 27
10 37
10 05

14.30
13 46
12 68
12-44
13.50
13 48
15.24
14 45
13 49
15 86 I
1602
15 13

157.2
158 2
156.0
154 3
157.2
158 8
1609
163 6
165.5
166 9
169.7
168 9

1947Jan
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

15 21
15 80
15 16
14 60
14 34
14 84
15 77
15 46
15 06
15 45
15 27
15 03

14 69
15 31
14 73
14 23
1402
14 58
15 48
15 15
14 76
15 19
15 15
14 93

15 33
15 93
14 58
13 52
12 71
13 04
14 55
14 07
13 65
13 92
13 33

19 21
19 50
18 72
18 00
17 48
17 62
18 38
18 28
17 96
17 98
16 86
16 09

187 3
189 0
188 1
186 5
1862
186 2
188 4
188 7
188 3
181 2
174 5
172 1

1925 Jan
Feb
Mar
Apr
May
July

AUK

Sent
Oct
Nov
Dec .
1926Jan
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

Digitized for FRASER


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

..

AUK

Sent
Oct . . .
Nov
Dec

n 66

00

s
I
a
I
C/3

I
12.16

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATIONContinued


A. ANNUALLY AND MONTHLY, 1900-70Continued
[1941-43 - 10]

Common
Month
Total

Industrial

Railroad

oo
!

Common

Preferred

Public
utility

Month
Total

Industrial

RailPublic ' ferred


road | utility

1
'

Common
Month
Total

i
Indus- ' Railtrial r road

Public
utility

>

Pieferred

Z
D

ON
oo

1948= Jan
Feb
Mar
Apr . .
May
June
July
Aug
Sept
Oct..... .
Nov
Dec

14.83
14.10
14.30
15.40
16.15
16.82
16.42
15.94
15.76
16.19
15.29
15.19

14.60
13.88
14.07
15.19
15.92
16.65
16.21
15.74
15.53
16.02
15.16
15.11

14.26
13.62
13.91
15.30
16.43
16.67
16.56
15.94
15.94
16.05
14.52
14.09

16.53
15.82
16.02
16.65
17.42
17.85
17.55
17.04
17.02
17.16
16.29
15.93

1949 Jan
Feb .
Mar. . . . .
Apr. . . . .
May.....
June
July.....
Aug.....
Sept
.
Get
Nov. . . . .
Dee . . . . .

15.36
14.77
14.91
14.89
14.78
13.97
14.76
15.29
15.49
15.89
16. U
16.54

15.23
14.57
14.72
14.66
14.51
13.69
14.55
15.04
15.20
15.62
15.86
16.29

14.12
13.16
12.96
12.92
12.70
11.72
12.01 ;
1.2.53
12.63
12.93
12.84
13.40

16.54
171.4
16.71 173.2
16.99 172.2
17.31 172.2
17.52 173.2
16.95 176.1
1 7 . 44 176.6
179.5
18.23
182.1
18.75
1 80 . 3
19.06
19.25 179.8
19.69 j 180.6

14.31
14.34
14.42
14.54
14.60
14.24
14.74
16.06
16.70
17.06
16.96
18.33

20.20
20.55
20.92
21 .00
21.23
20.94
18.90
18.95
19.18
19.46
19.27
18.87

20.38
21.36

20.01
20 . 34

Ja......
Feb.....
Mar
Apr.....
May.....
June.. . . .
July
Aug
Sept
Oct
Nov. . . . .
Dec . .

17.35
17.84
18.44
18.74
17.38
18.43
19.08
19.87
19.83
19.75

16.56
16.90
17,03
17.58
18.27
1 8 . 68
17.31
18.47
19,18
20.06
20.05
19.92

1951 Jan.
Feb . . . . .
Mar, ....
Apr.
May.....
June . . . . .
July . . . . .
Am;, . . . .
Sept,...,
Oct......
Nov.
Dec.....

21.21
22,00
21.63
21 .92
21 .93
21 . 55
21 .93
22.89
23.48
23.36
22.71
23.41

21.38
22.22
21.84
22.24
22.29
21.88
22.31
23.35
23.98
23.80
23.09
23.83

1950

Digitized for FRASER


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

n!2i

19 92
20J6
19.66 i 20. OB
20.05
18.85
20.39
18.71
20. HO
19.56
21.03
20.43
21.10
20.57
19.33 : 21.08
20.16
21.48

169.5
167.5
170.1
169.9
171.1
173.4
170.8
166.9
166.5
163.8
166.2
168.7

1955 Oct
Nov
Dec . . . . .

42.11
44.95
45.37

44.52
47.78
48.25

1956- J a n . . . . . .
Feb
Mar
Apr .
May.....
June. . . . .
July
Aug
Sept
Oct......
Nov. . . . .
Dec

44.15
44.43
47.49
48.05
46.54
46.27
48.78
48.49
46.84
46.24
45.76
46.44

46.88
47.13
50.59
51.38
49.64
49.38
52.27
51.89
50.15
49 . 52
48.92
49.79

1957 Jan
Feb . .
Mar
Apr
May. . . . .
June
July.....

45.43
43.47
44 . 03
45.05
46.78
47.55
48,51
45.84
43.98
41.24
40.35
40.33

48.43
46.10
46.86
48.06
50.10
51.30
52.54
49.51
47.52
44.43
43.41
43.29

41.12
41.26
42.11
42.34
43.70
44.75
45.98
47.70
48.96
50.95
52.50
53.49

43.98
44.01
44.97
45.09
46.51
47.62
48.96
51.00
52.40
54.55
56.11
57.09

il
31.93
31.07 S 173.5 1963 M a y . . . . .
June. . . . .
33.83 ' 31.83 ij 174.7
34.43 j 31.91 172.9
July
Aug
33.11 \ 31.55 j 173.9
Sept
33.21 f 32.07 175.7
Oct
35.24 , j 33.21 l 174.5
Nov
36.12 ] 32.50 168.7
Dec
35.83
31.81 166.0
34.22
31.93 ! 167.8 1964 -Jan
34.63
33.01 I 168.2
Feb
33.72
33.39 1 165.1
Mar
Apr. .
31.98
32.29 159.6
32.22 - 31.67 158.5
May.....
31 .73
31.82 153.7
June
31.75 :' 31.70 : 151.4
July
Aug.....
31.36
32.32 155.1
Sept
29.59
32.29 156.7
Oct.
29.37
32.45 157.2
Nov
29.78 ' 33.03 : 156.8
Dec . . . . .
30.42
34.03 \ 154.6
30.11
33.35 i 149.5 1965 Jan
31 .20 ' 32.93 S 147.3
Feb
29.52 : 31.89 j 145.1
Mar
27.17
31.09 146.2
Aor . . . . .
24.78 i 30.39 ::\ 145.9
May.... .
22.63 . 30.68 146.5
June. . . . .
21.39
31.79 ! 156.0
July
Aug. . . . .
22.69 S 33.30 !' 160.7
Sept . . . . .
23.00 :!, 34.12 159.9
Oct......
22.60
34.57V; 158.3
Nov
23.20 I, 35.54 - 160.4
Dee .
24.74 36.57 ; !62,4
25.54
37.31 163.5 1966 - J a n . . . . . .
26.86 t 37.82 li 160.5
Feb . . . .
28.43 f 37.50 157.5
Mar. . . . .
29.51 - 37.97 153.0
Apr . , ,
31.23
39.15 150.8
May.....
33.07
40.75 150.7
June.,. . .
33.70 ., 42.05 , 151.1
July.....

55.62
54.77
56.15
57.10
57.96
57.46
59.74
59.40

59 . 30
58.33
59 . 79
60.92
62.09
61.75
64.23
63.74

35.53
35.20
35.47
35.94
36.07
36,02
36.86
35.56

Sept.....
182.8
Oct . . . .
i82.4
Nov
183,8
Dec . . . .
183.5
183.1 1958 J a n . . . . . .
182.0 i
Feb . .
178.5
Mar. . . . .
181.9
Apr. . . . .
181.7
tMuy
180.5
June, . . . .
180.7
July.....
179.9
Aug , , .
Sept, . . . .
ISO. 9
Oct......
180.9
Nov. . . . .
174 q
170^4
168.9 1959 - J a n . . . . . .
167.9
Feb
166.7
Mar. . . . .
169.4
Apr
168.5
May.....
167,0
June.... .
165.4
July
163.7
Aug.....

43.96 154.4
, 43.71 155,1
' 45.06 n 156.3
45^.12 ; 155.0
' 44.30 ; 149.7
42.58 i 146.0
44.21 147.2
45.15 ' 149.0

70.14
70.11
69.07
70.98
72.85
73.03
72.62
74.17

73.60 , 38.37
73.61
39.34
72.45 :; 38.75
74.43
39.22
76.63
39.00
77.09 , 38.31
76.69
38.60
78.38
39.92

76.45
77.39
78. SO
79.94
80.72
80.24
83.22
82.00
83.41
84.85
85.44
83.96

80.85
H I . 96
83.64
84.92
85.79
85.13
88.19
86.70
88.27
89.75
90.36
88.71

86.12
86.75
86.83
87.97
89 . 28
85.04
84.91
86.49
89.38
91.39
92.15
91,73

91.04
91.64
91.75
93.08
94.69
90.19
89.92
91.68
94.93
97.20
98.02
97.66

93.32
92.69
88.88
91 .60
86.78
86.06
85.84

53.68
74.50 155.2
54.78
71.87 151.1
51.52 69.21 144.8
52.33 ' 70.06 146-5
47.00
68.49 145.0
46.35 ' 67.5! ' 142.1
45.50
67.30 139.9
d"> it fil 41 ns 1
40.31
63.11 133.8
39.44
65.41 132.7
41.57 : 68.82 134.5
41.44 , 68.86 133.5
44.48
70.63 ' 138.3
46.13 70.45 ' 140.7
46.78 , 70.03 ! 13H.9

!
I
,
;

,:
!

::
ji
;
,

Sept
Oct
Nov. . . . .
Dec

77.81
77.13
80.99
SI .33

99.56
99.11
95.04
98.17
92.85
92.14 '
91.95
JSA /m
83.11
82,01 :
86.10
86.50

1967 J a n . . . . . .
Feb . .
Mar.

84.45
87.36
E9.42

89.88
93.35
95. m

A IK'

41.00 ;
41.54 r
42. HB 43.27
44.86 "
46.29
48.93
47.17
47.14
48.69
48.01
45.75

65.52 163.3
64.87 163.2
64.47 161.4
66.57 I 162.7
67.09 162.9
65.55 164,5
64.81 163.6
65.64 162.1
67.26
67.20
66. 7E
67.30
67.29
67.46
70.35
71.17
72.07
73.37
74.39
74.24

162.1
162.7
161.3
j. 160.1
;|
158.8
, 158.9
160.3
: 163.5
164.8
164.8
164.7
165.5

46.79 . 75.87 167.5


46.76
77.04 166.1
46.98 , 76.92 ' 164.2
46.63
77.24 163.7
45.53
77.50 162.8
42.52
74.19 159.7
43.31 ' 74.63 ' 159.8
46.13 ' 74.71 i; 161.5
46.96
76.10 1 162.2
48.46 :i, 76.69 |' 159.8
50.23
76.72 ' 158.9
51.03 75.39 156.7

00

H
GO

Os

1952 Jan.
Feb
Mar
Apr
May.
June. . . .
July
Aug.. ..
Sept
Oct . .
Nov
Dec

24.19
23.75
23.81
23,74
23.73
24.38
25.08
25.18
24.78
24.26
25.03
26.04

24.61
24.05
24.04
23.96
23.94
24.66
25.49
25.53
25.06
24.48
25.24
26.29

20.93
20.78
21.68
22.05
22.14
23.08
23.30
23.36
22.71 i
22.30
22.96
24.59

1953 Jan
Feb
Mar
Apr
May
June
July . . . .
Aug
Sept
Oct
Nov. . .
Dec

26.18
25.86
25.99
24.71
24.84
23.95
24.29
24.39
23.27
23.97
24.50
24.83

26.45
26.07
26.18
24.84
25.01
24.12
24.41
24.44
23.26
23.96
24.51
24.85

24.67
24.14
24.49
22.89
23.18
22.56
23.12
22.59
20.64
20.90
21.18
20.88

1954 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept. . . .
Oct
Nov. . . .
Dec.

25.46
26.02
26.57
27.63
28.73
28.96
30.13
30.73
31.45
32.18
33.44
34.97

25.55
26.12
26.72 27.97
29.21
29.43
30.64
31.26
32.20
33.17
34.56
36.14

21.19
22.12
22.02
21.82
23.05
23.43
24.43
24.76
24.40
24.76
26.35
29.13

1955 J a n . .
Feb
Mar
Apr
May
June
July
Aug
Sept .

35.60
36.79
36.50
37.76
37.60
39.78
42.69
42.43
44.34

36.79
38.06
37.65
39.04
38.88
41.45
44.94
44.56
46.88

29.74
30.89
31.66
33.46
33.48
34.45
34.08
33.22
34.11

Digitized for FRASER


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

22.22 164.2 1959 Sept


22.39 165.9
Oct
Nov
22.56 168.2
22.39 i 172.2
Dec.
22.38 173.4
22.51 173.3 1960 Jan
22.60 171.1
Feb . . . .
Mar
23.06 169.9
23.15 170.2 I
Apr.
22.93 168.3
May . .
23.79 169.8
June
24.32 170.3
July
Aug
168.4
24.41
Sept
24.50 166.3
Oct
24.68 165.7
Nov
23.86 161.7
Dec
23.69 160.0
22.65 156.8 1961 Jan
23.24 160.1
Feb
23.89 163.1
Mar
23.39 162.8
Apr
24.22 167.3
May
24.70 168.8
June
25.17 166 5
July
Aug
25.51
Sept
168.7
25.90 171.8
Oct
26.39 173.3
Nov.
26.75 174.3
Dec
27.06 173.8
27.28 172.9 1962 Jan
173.3
28.21
Feb
28.82 174.7
Mar
28.74 175.8
Apr. . . .
28.19 178.1
May
28.62 178.9
June
29.41
July.
178 3
Aug
29.89 175.8
Sept
30.71 175.0
Oct
30.72 174.6 i
Nov
31.08 176.0
Dec
30.87 175.6
1963 Jan
31.26 175.7
31;98 176.7
Feb
32.55 174.4
Mar
32.54 172.7
Apr. , . .

57 05
57.00
57.23
59 Q6

61 21
61.04
61.46
63 56

33 78
34.32
32.80
33 57

43 59
44.11
43.71
44 31

58.03
55.78
55.02
55 73
55.22
57 26
55.84
56.51
54.8!
53.73
55.47
56.80

62.27
59 60 1
58.71
59 46
58,84
61 06
59.25
59.96
57.96
56.90
58.89
60.22

33.68
32.54 i
31.01
30 59
30.18
30 81
30.19
30.19
28.76
27.77
28.93
29.03

44.50 143.8
44.38 145.3
44.60 147.1
45 53 i 148.6
45.75 147.3
47 35 147 7
48.02 149.0
48.65 152.0
48.64 149,2
47.34 147.5
47.83 146.3
49.78 144.8

59.72
62. 17
64.12
65.83
66.50
65.62
65 38
67.79
67.26
68.00
71.08
71.74

63.20
65.71
67.83
69.64
70.34
69.48
69 09
71.69
70.89
71.42
74.72
75.81

31.43
32.17
32.93
32.35
33.08
32.41
31 78
32.76
33.02
34.53
34.30
33.21

52.73 148.0
55.64 149.8
57.06 150.2
59.09 ' 150.1
59.59 151.0
58.43 150.2
59 36 149 4
61.19 149.3
62.19
149.3
64.15
151.7
67.19 152.7
65.77 151.0

69.07
70.22
70.29
68.05
62.99
55.63
56.97
58.52
58 00
56.17
60.04
62.64

72.99
74 22
74 22
71 64
66.32
58.32
59 61
61.29
60 67
58.66
62.90
65.59

33". 77
34.23
33.45
32.31
30.71
28.05
28 29
28.09
27 68
27.40
30.47
32.24

62.69
63.70
64 51
63.86
58.84
53.32
55 51
56.96
56 96
55.63
57.69
60.24

152.6
155.0
156.2
157.2
157.3
155.0
152.7
154.0
155,7
155.8
157.4
'l 58 . 2

65.06
65.92
65.67
68,76

68.00
68.91 '
68.71
72 17

34.06
34.59
34.60
36 25

63.35
64.07
63.35
64 64

161.3
164.1
165.0
162.4

146 0
145.6
145.6
144 3

97 54
99.59 i
98.61
100 38
102 11
103 84
104 16
100 90
103 91 i

45 go
47.00
48.19
49 91
50 43
49 27
46 28
42 95
43 46

71 70
70.70
67.39
67 77
68 03
67 45
64 93
63 48
64 61

139 2
135.5
132.0
131 1
131 0
129 4
125 3
120 8
1178

95 04
90.75
89.09
95.67
97.87
100.53
100.30
98.11
101.34
103.76
105.40
106.48

103 11
98.33
96.77
104.42
1 07 . 02
109.73
109.16
106.77
110.53
113 29
114.77
116.01

43 38
42.35
41.68
44.79
48.00
51.72
51.01
48.80
51.11
54 26
53 74
55.19

68 02
65.'6l
62 62
63.66
62.92
65.21
67.55
66.60
66.77
66 93
70 59
70.54

122 9
123.9
120 8
119.5
118.2
118.7
121.9
125.2
124.4
121 6
120 3
118.1

1969 Jan
Feb
Mar
Apr.
May
June
July
Aug
Sept... .
Oct .
Nov
Dec.

102.04
101 46
99.30
101.26
104.62
99.14
94.71
94.18
94.51
95.52
96 21
91. H

110.97
1 10 15
108.20
110 68
114.53
108.59
103.68
103 39
103.97
105 07
105 86
100 48

54,11
54 78
50^46
49 53
49.97
46.43
43.00
42 04
42.03
41 7540 63
36 69

68.65 118.2
69 ^4 117 9
66.07 115.0
65 63 1 1 4 0
66.91 113.0
63.29 | 110.6
61.32
109.1
59 20 108 7
57.84 106.0
58 80 103 1
59 46 102 3
97 4
55 28

1970 Jan
Feb
Mar
Apr
May
June
July.
Aug. . . .
Sept.
Oct
Nov.
Dec

90.31
87 16
88.65
85 95
76.06
75.59
75.72
77.92
82.58
84.37
84.28
90 05

99.40
95 73
96.95
94 01
83.16
82.96
83 00
85.40
90 66
92.85
92 58
98 72

37.62
36 58
37.33
36 05
31.10
28.94
26 59
26 74
29 14
31.73
30 80
32 95

55.72
55 24
59.04
57 ]9
51.15
49.22
50 91
52 62
54 44
53.37
54 86
59 96

1967 Apr
May
June
July
Aug
Sept.. . .
Oct
Nov.
Dec
1968 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct .
Nov.
Dec

..

90 96
92.59
91.43
93 01
94.49
95,81
95.66
92.66
95 30

99.7
99 3
100.5
100 3
96.5
92.5
91 9
94 5
95 8
95.6
95 9
101 7

12.16

B.

WEEKLY, 1934-70
[1941-43- 10]

Common

25

Common

PrePublic ferred
utility

Common

Total

Industrial

Railroad

PrePublic ferred
utility

159.5
160.6
160.2
160.9
161.3

1
8
15
22
29

10.51
11.13
11.82
11.53
10.85

10.23
10.88
11.59
11.35
10.68

9.92
10.18
10.93
10.46
9.71

13.83
14.50
15.02
14.30
13.54

156.6
157.3
157.3
157.0
157.3

Feb 5
12
19
26

10.66
10.87
11.02
11.54

10.49
10.73
10.88
11.40

9.48
9.69
9.90
10.37

13.26
13.27
13.37
13.92

158.4
158.4
158.0
158.0

22.10
21.29
21.72
21.89

162.4
162.1
162.8
162.8

Mar 5
12
19
26

13.63
13.19
12.95
12.16

11.14
10.65
10.52
9.73

10.14
9.20
8.56
7.45

13.63
13.19
12.95
12.16

157.3
156.3
156.3
155.6

16.80
14.43
17.10
16.03

21.81
22.29
21.84
20.86

162.1
162.8
163.2
162.8

13.20
13.37
13.49
13.38
13.64

15.17
15.42
15,58
15.59
16.08

19.72
19.79
19.87
20.40
21.13

162.4
162.1
160.9
161.3
161.3

Apr 2
9
16
23
30

8.88
9.51
10.18
10.26
9.92

8.79
9.40
10.14
10.21
9.80

7.02
7.53
7.72
7.56
7.47

11.31
12.14
12.45
12.70
12.74

154.5
153.5
153.9
154.5
155.2

May 7
14
21
28

10.04
10.42
10.50
9.52

9.89
10.20
9.83
9.33

7.58
8.02
7.57
7.14

13.19
14.24
13.73
12.97

155.6
157.3
158.4
157.3

14.26
June 6.
1 3 . . . . . . . . . 14.57
20..
14.86
27
15.03

13.54
13.81
14.06
14.26

16.07
16.27
16.57
16.74

20.91
21.64
22.18
22.24

161.3
161.7
161.7
162.1

June 4
11
18
25 .

9.49
9.78
9.65
10.83

9.30
9.63
9.51
10.70

6.99
7.02
6.81
7.98

13.01
13.18
13.00
13.92

160.6
157.3
157.7
!58.4

134.6
135.7
135.9
136,2

July 4. . .
11
18
25

14.91
15.09
15.63
15.88

14.13
14.24
14.70
14.95

16.63
16.98
18.18
18.47

22.11
22.90
23.80
24.11

162.1
162.8
162.8
161.7

14.22
14.15
14.14
14.55

135.7
136.2
135,7
133.6

AUK 1
* 8
15
22

24.26
24.11
24.06
23.44
23.36

162.4
162.8
163.2
163.6
162.8

14.72
15.37
15.03
15.46
15.06

159.8
160.6
160.2
161.3
161.3

Aug 6
13
20

134.6

18.62
18.71
18.91
18.37
18.54

8.56
9.44
9.31
10.18
9.94

14.50
13.98
13.34
13.33
14.29

15.05
15.02
15.12
14.80
14.89

11.52
11.85
11.82
12.45
12.41

12.47
!2.!5
11.50
12.47
12.25

16.10
15.96
16.05
15.69
15.77

11.64
July 2
12.01
9.
16
11.95
2 3 . . . . . . . . . 12.57
30
12.48
12.47
12.31
12.14
12.47

12.43
12.28
12.12
12.47

9.78
9.70
9.40
9.76

14.80
14.51
14.27
14.48

162.4
162.4
163.6
164.3

ni,6
133.1
132.1
131.8

Scot. 5 . . . . . . . . . 16.01
12
16.16
19
15.95
26
16.10

15.09
15.24
15.07
15.26

19.02
19.30
19.10
19.28

23.85
23.78
23.23
23.10

161.7
162.1
162.4
162.1

Sept. 3
!0....... .
17
24. . .

12.08
12 16
11.50
11.64

12.10
12.21
11.57
11.69

9.24
9.20
8.38
8.45

13.97
13.91
13.12
13.39

165.5
166.7
165.!
165.5

11.99
12.13
12.21
12.06

13.90
13.88
13.76
13.52

130.6
130.9
131.8
131.4

Get 3
10
17
24
31

16.18
16.77
16.97
17.11
17.03

15.33
15.91
16.12
16.27
16.18

19.28
20.22
20.82
20.59
20.36

23.32
23.81
23.74
23.99
24.04

162.1
162.1
161.3
161.3
160.9

Get 1

11.68
12.76
13.08
13.20
13.28

U.73
12.76
13.00
13.09
13.13

8.46
9.91
10.44
10.34
10.58

13.50
14.76
15.81
16.33
16.67

164.7
165.5
165.9
167.5
168.7

Week ending

PrePublic ferred
utility

Total

Industrial

Railroad

13.43
13.65
13.73
13.74

12.75
12.88
12.92
12.94

14,50 20.30
15.09 21.04
15.39 J 21.38
15.43 21.37

159.1
159.1
158.7
159.5

14.14
14.38
14.64
14.73
14.55

J3.28
13.53
13.74
13.92
13.74

16.17
16.51
16.98
17.74
17.50

22.05
22.14
22.67
21.65
21.49

Mar. 7
14
21
28

14.98
14.57
14.90
14.97

14.18
13.85
14.19
14.26

17.52
16.62
16.58
16.60

130.9
130.9
131.4
132.3

Apr. 4
11
18
25.

15.15
15.44
15.18
14.57

14.46
14.71
14.46
13.91

17.01
15.96
16.17
16.18

131.8
131.8
133.1
133.1

May 2

14.31
14,66
15.15
15.02
14.80

16.04
16.31
16.98
17.07
16.82

133.1
133.6
133.1
133.4
134.4

13.81
13.98
14.09
14.05
14.36

8.83
9.00
8.79
8.06

14.46
14.63
13.94
12.34

16.59
16.44
15.67
14.24

8.82
8.87
9.08
9.33

8.11
8.20
8.43
8.63

11.98
11.65
11.85
12.55

's:::...:.:
15....

9.24
9,02
8.65
8,73
9.08

8.54
8.35
8.03
8.12
8.39

Oct. 6 . . . . . . . . .
13
20
27. . . . . . . . .

8.89
9.02
9.06
8.95

8.21
8.36
8.42
8,31

Total

Industrial

Railroad

1934Jan. 6
13
20
27

9.92
10.02
10.75
9.19

9.12
9.11
9.66
9.95

13.79
14.19
15.85
16.27

15.71
16.50
18.39
18.68

121.3
122.6
123.9
124.3

Feb. 3
10
17
24

11.36
11.49
11,43
11.25

10.24
10.20
10.20
10.06

16.96
17.21
17.22
16.99

19.31
20.67
20.16
19.49

125.9
126.8
127.7
128.9

Mar. 3
17
24
31

10.85
10.80
10.87
10.57
10.59

9.74
9.70
9.71
9.47
9.50

16.20
16.24
16.55
16.04
15.97

18.60
18.35
18.74
18.27
18.19

129.2
129.4
129.4
130.1
129.9

Apr. 7
14
21
28

10.87
10.97
11.01
10.89

10.87
10.97
11.01
10.89

1'6.43
16.71
16.70
16.43

18.10
18.03
18.24
18.07

May 5
12
19
26.. ,

10.32
9.73
9.65
9.69

10.32
9,73
9.65
9.69

15.51
14.41
14.43
14.47

June 2
9..
16.....
23
30

9.59
9.84
10.19
10.04
9.87

9.59
9.84
10.19
10.04
9.87

9.79
9,93
9.65
8.81

to

July 7

14::::::,.:

21
28

Aug. 4

18
25

.....

p 1
Sent

22
29,

Digitized for FRASER


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

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION Continued

1936Jan. 4
11
18
25
Feb 1
8
15.
22
29

16
23.
30,

29::;;;;:::

Week ending

1938

Jan

15
22. .
29.........

i
1

1934

1935

Nov 3
10
17 .
24

8.83
9 19
9.20
9 19

8.22
8 60
8.72
8 76

11.74
12 00
12.11
11 96

13.30
13 57
12.56
12 14

133.1
134 9
135.4
135 7

1936Nov. 7
14
21
28

17.45
... 1742
17.38
17 17

16.75
16 80
16.73
16 49

20.46
20 14
19.74
19 28

23.59
22 86
23.30
23 51

159.1
160.2
161.7
1624

1938Nov. 5
12
19
26

13.17
13.68
13.10
12.78

13.03
13.55
13.00
12.69

10.47
10.98
10.76
10.01

16.38
16.78
15.99
15.64

170.3
170.7
169.5
168 7

Dec 1
8
15
22
29

9 51
9.48
9 18
9.08
9.22

9 03
8.98
8 70
8.81
8.85

12 43
12.62
12 27
12.11
12.11

13 15
12.87
12 43
12.01
11.69

136 7
138.9
140 6
141.4
140.9

Dec 5
12
19
26

... 17 08
17.08
17 16
1690

16 37
16.41
16 51
16.29

19 03
19.03
18 77
18.12

23.59
23.25
23 44
22.99

164.3
163.6
164 3
164.7

Dec 3
10
17
24
31

12.52
12.43
12.74
12.71
13.01

12.45
12.39
12.69
12.67
12.92

9.73
9.57
9.98
10.09
10.83

15.19
14.89
15.11
15.02
15.51

169.5
170.3
169.1
168.7
167.5

jan 5
12
19
26

9 52
9.39
9.13
9.21

9 16
8.99
8.74
8 84

12 34
12.36
11.78
11 78

12 00
12.02
11.85
11 87

141 4
142.0
142.0
144 1

1937Jan. 2
9
16
23
30

17.08
17 26
17 77
17.83
19 69

16.44
16 54
16 89
17.09
17 05

18.63
19 04
19.47
19.58
19 02

23.13
23 91
24.92
24.73
23 98

165.5
1667
167.9
167.5
168 3

1939 Jan 7
14
21
28

13.07
12.60
12.68
11.84

12.92
12.43
12.45
11.60

11.04
10.43
10.42
9 47

16.04
15.82
16.53
15.79

168.7
169.1
171.2
171.2

Feb 2
9
16
23

9.05
8.94
9 03
9.09

8 69
8.64
8 76
8.88

11.35
11.09
11 12
11.30

11.72
11.20
10.93
10.41

144 6
143.8
1446
144.6

Feb 6.
13
20
27

18 01
18.16
18 22
18.04

1741
17.57
17 61
17.46

19 46
20.03
20 11
20.07

23.76
23.50
23.47
22.91

167.9
167.1
166.3
164.7

Feb 4
11
18
25

12.28
12.39
. .. 12.43
12.36

12.03
12.12
12 15
12.07

9.82
9.87
9 88
9.91

16.35
16.78
16.83
16.88

170.3
171.6
169.1
171.2

Mar 2 .
9
16
23
30

8.78
8.53
8.29
8.34
8.43

8.57
8.36
8.03
8 10
8.13

10.62
1005
9.51
9 70
9.54

10.39
10.01
9.68
10.52
11.21

144.9
145.8
145.2
145.5
145.8

Mar. 6
13
20
27

18.44
18 47
17.94
17 57

17.89
17 89
17.34
16 99

20.94
21 65
21.49
2066

22.77
22.50
21.95
21,58

162.4
159.8
157.7
156.6

Mar. 4
11
18
25

12.75
12.97
12.56
.... 11.98

12.42
12.73
12.26
12.71

10.65
1089
10.25
9 70

17.36
17.52
16.96
16.18

161.9
169.5
161.9
170.3

Apr 6 . .
13
20 ..
27

8.61
8.91
9.15
9.39

8.27
8 56
8.80
8 98

9.82
1028
10.34
1075

11.79
12.13
12.44
13 15

147.1
148.0
149.9
151 9

Ap*- 3
10
17
24

17 71
17.16
17 19
17.09

17 17
16.61
1662
16.51

2095
20.31
2048
20.60

21.30
20.82
20.92
20.62

158.4
155.9
155.2
154.5

Aor 1
8
15
22
29

11.58
10.84
10.67
10.85
10.90

11.64
10.57
10.41
10.59
1062

9.32
8.55
8.23
8.35
8 40

15.79
14.90
14.77
14.96
15 19

169.1
168.7
167.9
167.9
168.7

15.68
1606
15 49
15 58
15 84

19.63
2027
19 68
19 79
19 55

19.74
20.04
18 95
18 57
18 88

153.5
153.2
152 5
152.5
1542

May 6
13
20
27

11.14
11 28
11.00
11 35

10.85
1096
10.69
11 04

8.64
8 86
8.53
8 93

15.55
15 84
15.59
16 02

168.3
168.3
168.7
169.9

. . ..

May 4
11
18
25

9.35
9 61
9.89
9 99

8.97
9 25
9 55
9 69

10.54
10 56
10.97
1091

12.83
13 21
13.26
13 11

152.2
153 9
153.5
154 5

15
22
29

16.24
16 63
16 01
1606
16 29

June 1
8
15
22
29

9 73
9.87
10.13
10.29
10.27

9 32
.9.41
9.21
9.78
9.73

10 84
10.90
11.21
11.69
11.47

13 66
14.26
14.11
15.03
15.32

153 2
152.5
153.5
154.9
154.2

June 5
12
19
26

16 13
15.94
15.35
15.46

15 71
15.53
14.97
15 11

19 26
19 14
18.09
17.59

18 55
18.12
17.59
17.82

1549
155.6
155.2
155.2

June 3
10
17
24

11 53
11.67
11.44
11.48

11 20
11.35
11.13
11.16

9 16
9.19
8.87
8.89

16 15
16.31
16.03
16.16

170.3
171.2
170.3
170.7

July 3

15 37
16 32
16.44
1690
16,89

15 04
15 94
16.10
16.50
16.47

17 14
18.32
18.14
18.35
17.94

17 75
19.13
19.17
20.07
20.67

155 6
155.9
153.5
155.2
156.3

Julv 1

22
29

11 04
11.13
11.47
12.07
12.13

1072
10.81
11.15
11.73
11.76

8 49
8.58
8.84
9.53
9.57

15 65
15.78
16.21
16.84
17.28

170.7
171.2
172.9
173.3
173.7

16
16
16
15

17
17
17
16

20
19
19
18

06
95
30
77

156.6
157 3
157.0
157 3

Aug 5
12
19
26

1204
11 71
11 57
11 08

11 66
11 30
11 16
10 71

9.41
9 04
8 87
8 40

17.48
17 29
17 14
16 25

172.9
173 3
173.3
172 4

May

10

s:::::::.:
15

July 6
13
20
27

10.37
10.58
10.62
10.80

9 81
10.07
10.14
10.32

11.39
11.55
11.75
11.98

15.79
15.66
15.28
15.43

153.5
153.5
153.2
154.2

17
24
31

Aug 3
10
17
24
31

11.02
11 31
11.63
11 48
11.23

10.45
10 66
1088
10 78
10.65

12.24
12 19
12 78
12 50
12.23

16.55
17 74
18 93
18 48
16.98

154,9
154 9
154 5
154 2
153.9

Aug 7
14
21
28

16
17
16
16

Sept 7
14
21
28

11.48
11.81
11.57
11 54

10.85
11.18
1098
10 98

12 61
12.96
12 65
12 42

17.63
17.55
17.38
17 22

153.2
154.2
153 5
153 2

Sept 4
'l I
18
25

15 70
14 78
14.53
13 71

15 43
14 15
14.29
13 44

16 04
14 55
14.35
13 90

18 38
17 20
17.30
16 48

157 0
157.0
155.9
156.3

Sept 2
9
16
23
30

11 34
12 62
13.05
12 88
12 97

11 04
1247
12.88
12 66
12 68

8 43
9 85
10.80
10 85
11 73

16 04
15 88
16.14
16 30
16 57

167 9
161.7
157.0
152.5
153 2

Oct 5
12
19
26

11 37
11.60
11 90
12.34

10 87
11.09
11 40
11.80

11 74
11 68
11 93
1223

16 85
17.38
17 67
18 64

152 5
152.2
152 2
1529

Oct 2
9
16
23
30

13 73
13 03
1202
11 51
1204

13 48
12 78
11.79
11 26
11 80

13 84
12 94
11.64
11 39
11 57

16.40
15 79
14.71
14 40
1499

156.6
156 0
156.3
154 2
153.5

Oct 7
14
21
28

12 79
12.75
12 96
13.05

12 50
12.46
12 67
12 74

11 40
11.26
It 52
11.56

16 42
16.45
16 64
16 96

152 9
155.2
159 1
1602

Nov 2...
9
16...
23
30...

12.49
12 83
13.11
13 32
13.03

11.92
12 24
12.51
12 69
12.39

12.23
12 50
13.16
13 65
13 95

19.17
19 71
19.94
2029
19.62

153.2
153 9
154.2
154 5
155.9

NOV 6
13
20
27

11
11
11
10

53
65
15
54

11.26
11 29
10.74
10 10

11.00
11 27
1087
10 21

14.66
15 65
15.43
15 10

153.9
154 2
153.9
153 2

Nov. 4
11
18
25

12.89
12 70
12.73
12 63

12.58
12 39
12 41
12 31

11.29
1096
11.03
1091

16.81
16 71
16.81
16 81

162.8
163 2
165.1
167 5

Dec. 7
14
21
28

13.12
13 04
12 85
13 06

12.44
12 36
12 21
12 41

14.48
14 34
13 94
14 02

19.77
19 63
19 29
19 72

156.6
1566
158 4
158 7

Dec 4
11
18
25

11 15
11 22
1095
11 21

10 75
10.84
10 62
1091

1094
11.00
10 64

15 43
15.09

154 5
156.3
158 0
157 3

Dec 2 ....
9
16. .
23
30.. .

12 35
12.36
12 33
12 40
12 41

12 03
12.68
12 02
12 10
12 11

1053
10.48
10 37
10 28
10 31

16 59 1679
16.59 168.3
1644 1 168.7
16 49 170 3
16 58 168 7

Digitized for FRASER


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

97
14
82
24

63
84
56
98

77
92
49
82

10 85

1462
14 57

I
trt

si

s
12.16

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION Continued


B. WEEKLY, 1934-70Continued
[1941-43 = 10]

Total

Industrial

Railroad

PrePublic ferred
utility

194O=Jan. 6
13
20
27

12.69
12.40
12.13
12.15

12.34
12.04
11.78
11.79

10.68
10.32
9.96
10.04

17.24
17.06
16.82
16.86

171.6
172.0
172.4
172.4

Fcb 3
10
17
24

12.08
12.25
12.30
12.27

11.71
11.90
11.96
11.92

9.97
10.17
10.20
10.12

16.84
16.84
16.84
16.90

172.4
171.6
171.6
170.7

Mar, 2
9
16
23
30

12.12
12.19
12.18
12.10
12.14

11.78
11.89
11.87
11.80
11.82

10.06
10.21
10.07
9.95
10.08

16.64
16.23
16.38
16.32
16.75

169.9
170.3
169.9
168.7
169.5

-4
-0

to

Apr 6
13
20
27

12.41
12.41
12.13
12.15

12.08
12.09
11.81
11.84

10.43
10.33
10.05
10.13

16.85
16.74
16.44
16.33

May 4
It
18
25

12.11
11.99
10.33
9.29

11.79
11.68
10.04
9.00

10.05
8.28
8.34
7.44

June 1
8
15
22
29

9.26
9.22
9.66
9.97
9.91

8.95
8.93
9.39
9.63
9.49

d*

Week ending

Common

Common

Common
W

Total

Industrial

Railroad

PrePublic ferred
utility

166.7 1944 Jan. 1


165.9
8
15
166.3 j
22. .
166.7
29
166.3

11.58
11.84
11.87
11.89
11.82

11.53
11.79
11.80
11.81
11.72

11.51
11.84
12.10
12.42
12.39

11.90
12.14
12.11
12.07
12.08

169.9
170.7
171.2
170.7
172.0

165.9
165.5
164.7
164.3

11.74
11.68
11.80
11.85

11.62
11.56
11.65
11.67

12.44
12.54
13.01
13.21

12.10
12.04
12.21
12.36

172.0
172.4
173.3
172.9

PrePublic ferred
utility

Total

Industrial

Railroad

1942Jan. 3
10
17
24
31

8.73
8,94
8.97
8.87
8.91

8.82
8.97
8.99
8.90
8.93

8.37
8.94
9.21
9.31
9.42

8.24
8.67
8.64
8.43
8.43

Feb. 7
14
21
28

8.90
8.65
8.52
8.54

8.92
8.67
8.53
8.56

9.43
9.06
9.02
9.10

8.41
8.21
8.08
8.01

Week ending

Feb. 5
12
19 .
26

Mar. 7
14
21
28

8.39
8.06
8.18
8.13

8.44
8.11
8.24
8.22

8.88
8.61
8.59
8.38

7.75
7.41
7.42
7.27

163.6
160.2
158.0
157.3

Mar 4 .
11
18..
25

11.88
12.06
12.27
12.17

11.71
11.93
12.13
12.02

12.99
13.02
13.38
13.44

12.40
12.46
12.58
12.56

172.9
172.9
173.7
173.7

169.9
170.7
171.2
170.3

Apr. 4
11
18
25

8.07
8.07
7.81
7.68

8.18
8.17
7,91
7.78

8.25
8.36
8.03
7.95

7.13
7.13
6.95
6.80

156.6
154.9
155.6
154.5

12.40
12.34
12.39
12.15
12.13

173.7
173.7
174.6
173.7
173.3

8.03
8.15
8.05
7.99
8.01

May 6
13
20
27

12.02
12.05
12.07
12.20

13.02
13.03
13.13
13.33

12.26
12.23
12.30
12.37

173.3
172.9
172.9
173.3

159.5
159.1 i
159.5
160.6
160.2

7.70
7.91
7.98
8.06
8.20

11.91
11.95
11.95
12.10

13.18
12.92
13.18
14.11
14.71

7.62
7.85
7.90
7.96
8.09

152.5
153.5
155.6
157.7
158.4

7.60
7.61
7.88
8.31
8.41

May 2.. . .
9..
16
23
30

6.82
7.16
7.15
7.20
7.29

13.18
13.14
13.25
12.89
12.83

171.2
171.6
167.9
162.4

12.02
12.00
12.00
11.79
11.78

11.87
11.86
11.84
11.65
11.64

16,38
16.16
14.16
13.07

Aor 1 . .
8
15
22
29

June 6
13
20
27

8.29
8.38
8.43
8.24

8.42
8.50
8.58
8.39

7.90
7.88
7.84
7.79

7.47
7.68
7.55
7.32

158.7
159.5
159.1
159.5

June 3
10
17
24

12.31
12.28
12.71
12.93

12.19
12.19
12.63
12.86

13.39
13.07
13.40
13.75

12.47 i 173.7
12.40 174.6
12.74 175.9
12.94 175.9

9.90
9.95
10.02
9.96

8.52
9.45
8.57
9.50
9.58 I 8.64
8.60
9.52

14.89
14.91
14.92
14.75

162.4
164.7
167.1 j
168.3

July 4
11
18
25

8.32
8.69
8.77
8.69

8.47
8.87
8.96
8.87

8.07
8.42
8.46
8.53

7.30
7.43
7.46
7.39

160,2
161.3
162.1
163.2

10.25
10.24
10.01
10.15
10.37

9.82
9.82
9.60
9.74
9.97

8.83
8.77
8.59
8.78
8.67

15.03
14.92
14.57
14.60
14.73

167.9
167.1
167.5
166.7
166.7

Aug. 1.

8.56
8.50
8.54
8.70
8.62

8.56
8.57
8.57
8.93
8.85

7.30
7.24
7.19
7.25
7.26

163.2
164.3
163.6
164.0
164.0

12.89 13.80
13.06 13.97
13.16 14.21
12.83 i 13.96
12.63 13.79

13.10 i 176.8
13.36 177.3
13.26 178.1
12.92
178.1
12.88 176.8

8.72
8.66
8.71
8.87
8.79

12.98
13.16
13.25
12.93
12.74

Aug 3 . .
10
17 ..
24
31

July 1
^ 8
15
22
29
Aug 5
12
19..
26

12.71
12.74
12.92
12.88

12.57
12.59
12.78
12.74

13.71
13.65
13.76
13.61

177.3
13.14
13.30 176.4
13.45 176.4
13.49 | 177.3

p 7
Scot

10.38
10.02
10.21
10.42

9.60
9.20
9.41
9.52

15.07
14.61
14.59
14.57

167.9
168.3
168.7
J69.5

Scot 5

2!
28

10.75
10.41
1058
10.77

19
26 . . . . . . .

12 :*::::

8.62
8.60
8.61
8 79

8.79
8.77
8.76
8.94

8.78
8.83
8.84
9.05

7.24
7.20
7.30
7.47

163.6
164.3
163.2
163.6

13.52 13.49 177.3


13.12 : 177.3
13.11
13.05 ! 177.7
12.98
13.15 ! 13.20 177.3
13.42 13.24 177.3

10.79
10.56
10.67
10.74

10.45
10.22
10.32
10.41

9.69
9.50
9,57
9.61

14.46
14.23
14.38
14.42

170.7
171.6
171.2
170.3

Oct. 3..
10.........
17
24
31

8.94
9.25
9.38
9.44
9.38

9.09
9.39
9.50
9.57
9.46

9.34
9.67
9.73
9.70
9.84

7.55
7.89
8.25
8.31
8.41

165.1
165.5
165.9
165.5
165.1

12.84
12.50
12.46
12.63
12.74

12.70
12.37
12.33
12.51
12.61

Oct. 5
12... .
19
26

Scot
^ p 92 .
16..
23
30. .

12.90
12.97
13.02
12.79

12.78
12.84
12.87
12.63

13.67
13.77
13.88
13.75

July 6
13
20. ..
27

"'
.

w::::::*"

Digitized for FRASER


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

...

il:::::::::
22
29

Oct. 7
14.
21..
28

. ..,

13.34 177.3
177.3
13.48
13.64 1 177.7
13.44 177.3

I
HH
W

C/5

12.69
12 82
12.58
12.62

13.84
1401
13.83
14 01

13.47
13.40
13.12
13.13

177.7
177 7
178 6
179 0

Dec. 2
9
16
23
30

12.81
13.01
13 19
13.16
13 13

12.66
12.85
13 00
12.94
1290

14.20
14.79
15 29
15.64
15 67

13.15
13.11
13.36
13.35
13.43

179.5
1800
1809
180.9
181 9

166.7
167 1
167.5
168.3
169 1

1945 Jan 6
13
20
27

13 44
13.64
13.51
13.35

13 19
13.36
13.26
13.10

16 16
16.80
16.10
15.65

13.69
13.90
13.98
13.94

182 3
182.8
183.7
183.7

9.68
9.82
10.19
10.28

169.9
170 3
171.2
171 6

Feb. 3
10
17
24

13.54
13 72
14.01
14 17

13.27
13 43
13.70
13 86

15.72
16 12
16.73
16 96

14.31
14.61
14.84
14 95

184.2
185 7
185.2
185 2

35
42
36
52

10.32
10.34
10.25
10.34

172 0
171.6
171 2
171.6

Mar. 3
10
17
24
31

14.23
14.15
14.04
13.76
13 54

13 93
13.87
13 74
13.45
13 25

1674
16.66
1669
16.47
15 96

15.04
14.92
14.82
14.61
14 41

185.7
186.7
187.2
187.7
189 2

11.62
11.52
11 27
11 39

12.21
12 49
12 07
12 37

10.94
10.94
10.78
11.08

171.2
1707
171 6
171 6

Apr. 7
14
21
28

13.77
14 00
14.53
1469

13.47
13 68
14.17
14 29

16.31
16 69
17.44
18 06

14.58
14 68
14.79
14 81

189.7
190 2
190.8
192 9

11.55
11 89
11 86
11 86
11 99

11.53
11 86
11 80
11 85
11.99

12 52
12 96
12 75
12 82
13 01

11.09
11.32
11 36
11.36
11.38

172.0
172 0
172 0
172 0
172.4

May 5
12.
19
26

14.86
14 78
14.76
14.78

1449
14 42
14.38
14.39

1797
17 64
17 76
17.95

15.95
15 97
16.00
16.08

192 3
192 3
1908
190.2

June 5
12
19
26

12 21
12 11
11 94
12 02

12 25
12 15
11 98
12 11

12 98
12 60
12 25
12 34

11.48
11.51
11.42
11.50

173 3
173.3
173 3
174.2

June 2
9
16
23
30

15 05
14.98
15 16
15.20
15.16

14 63
14.53
14 53
14.67
14 59

18 73
18.71
18 85
19.62
19 58

16 29
16.50
16.73
17.04
17.29

190 2
190.8
190 8
190.8
191 3

171 6
172 4
172 9
174 2

July 3
10
17
24
31

12.34
12 38
12 56
12 50
11 95

12.35 1 n a
12 36 12 80
12 51 13 21
12 42 13 17
11 86 12 41

11.85
12 25
12.56
12 68
12.26

175.0
175 0
175 9
176 4

July 7
14
21
28

14 96
15 07
14 69
14 51

14 39
14 49
14 14
13.98

19
19
18
17

01
19
29
82

17 33
17 47
17 08
16,91

190 8
189 7
189 2
188 7

11 20
11 03
10 81
10 84
10 88

174 2
174 6
174 2
173 9
174 6

Aug 7
14
21
28

11
11
11
11

11
11
11
11

93
02
14
94

11.98
12.07
12.15
11 92

Aug. 4
11
18
25

14.65
14 67
14.64
14 66

14.12
14 17
14.20
14 28

18.03
17 81
17.04
16 80

17.01
16 91
16.83
16 52

188 2
188 7
188.7
187 7

173 9
173 6
173 1
173 i

Sept 4
11
18
25

11 80
1 1 88
12 00
12.16

11 72
11 79
11 92
12.08

12 09
1 1 98
12 24
1243

12.17
12 38
12.36
12.46

Sept. 1

10 86
10 76
10 79
10 65

176 4
175.9
175.9

15
22
29

15 35
15 65
15 83
15.87
15 97

14 97
15 27
15 46
15.47
15.51

17 67
17 82
18.18
18.48
18.96

16 96
17 39
17.41
17.54
17.60

12.04
11 83
H 77
11 89
11 93

11.96
11.74
11 67
11.79
11 82

12.33
12 20
12 24
12 31
12 36

12.42
12.25
12.17
12.31
12.42

187 2
187 7
187 2
186.2
185 7

175.0
174.2
175 5
175.0
175 5

Oct. 6
13
20
27

16.35
16 56
16.63
16 50

15.90
16 10
16.16
1603

19.11
1940
19.46
19 32

18.35
18.54
18.76
18.73

186.2
187 7
187.2
189 2

1007
9 85
963
9 36

Dec 5
12
19
26

9.32
9.36
9 58
9 71

9.45
9.53
9 74
9 88

9.27
9 05
9 21
9 33

8.33
8,23
8.50
8.55

167.1
167.1
167 1
166.7

178 1
178.3
179.5
177.7

1943Jan 2
9
16
23
30

9.73
9 91
1001
... 10.12
1038

9.91
1005
10.13
10.24
1050

9 36
9 69
9 82
9.99
1007

8.59
8.99
9.14
9.24
9.56

99
78
40
06

175.9
174 2
173.7
172 0

Feb 6
13
20
27

1049
10 62
1075
1094

10.61
10 76
1088
11 01

10 16
10 12
10 24
1096

9 31
9 29
9 39
9 37
9 53

12 25
1221
12 27
1221
12 05

171 6
171.6
170 7
171.6
172 0

Mar 6
13
20
27

10 98
11 00
1094
11.12

11 00
11.05
11 00
11.18

11
11
11
11

9 85
9 56
9 32
9 19

9 82
9 49
9 32
9 39

12 03
11 77
11 35
11 13

172 0
171 6
171 2
170 3

Apr 3
10
17
24

11.57
11 50
11 28
11 43

9 36
9 47
9 46
9,47
9 37

9 16
9 30
9 29
9 34
9 23

9 46
9 68
9 44
9 26
9 22

10 98
10 78
10 75
10 66
10 58

168 7
168 7
169 1
169 1
168 7

Mar 1
8
15
22
29

June 7
14
21
28

9 48
9 81
9 84
9 91

9 34
9 70
9 74
9 83

9 29
9 43
9 35
9 45

10 72
10 87
10 89
10 82

169 1
167 5
168 7
170 3

July 5
12
19
26

9 gg
10 26
10 28
10 40

9 81
10 19
10 21
10 32

9 44
9 76
9 82
9 99

10 67
10 96
1 1 10
11 26

Aug 2
9
16
23
30

10 40
10 30
10 10
10 16
10 26

10 31
10 22
1003
10 08
10 20

10 11
10 00
9 81
9 88
9 91

Sept 6
13
20
27

10 26
10 21
10 32
10 20

10 20
10 17
10 31
10 19

9 82
9 62
9 61
9 61

1063
1091
1099
10 65
1043

9 73
9 93
10 15
9 88
9 57

14 79
14 48
13 95
13 62
13 14

170.3
168 3
170.7
173 7
173 7

Dec 7
14
21
28

10.57
10 65
10.47
1042

10 38
1047
10 27
10 22

9 35
9 39
9 16
9 17

12 99
13 01
12 96
12 89

1742
175 4
177 7
175 4

Jan 4
11
18
25

10 61
10.80
10.64
10.44

10 40
10 57
10.37
10 16

9 49
9 78
9 83
9 85

13 12
13 38
13.40
13 22

1
8
15
22

10.22
10 11
9.82
9 66

9 93
9 84
9 57
9 42

9 58
9 45
9 62
9 07

12
12
12
12

Mar 1
8
15. .
22
29

9 90
9.85
10 02
9.90
9 95

9 67
9 62
9 81
9 78
9 73

Apr.
5
P
12
19
26

10.06
9 78
9.52
9 40

May 3
10
17
24 .
31

Feb

1944NOV. 4
11
18
25

12.85
12 96
12.72
12 77

9.60
9 69
9.53
9 45

10.97
11 19
11.23
10 89
10 64

1941

8.60 164.3
8.84 165 1
7.13 165.9
8 46 166 3

9.52
9 61
9.43
9 34

1940 Nov 2
9
16
23
30

1942Nov 7
14
21
28

...

66
75
84
68

59
68
76
62

11
12
12
11

H<

Oct 4
11
18
25

10 15
9 94
9 68
9 77

10 14
9 91
9 65
9 76

9 53
9 45
9 23
9 33

10 52
10 37
10 15
10 05

172 4
172 4
1724
1720

Oct. 2
9
16
23
30

Nov 1
8
15
22
29

9 60
9 59
9 31
9 33
9 24

9 60
9 62
9 37
9 37
9 29

9 28
9 33
8 95
9 09
8 97

9 72
9 43
9 01
9 07
8 97

171 2
1707
171 2
170 3
169.9

Nov 6
13
20
27

11 71
11.30
11 23
11.23

11 63
11.23
11 14
11.16

11
11
11
11

89
32
42
31

12.15
11.71
11.70
11.60

175 0
173.3
171 6
170.3

Nov. 3
10
17
24

16 66
17.07
17 10
17.01

16 12
16.48
16.45
16.36

19.62
20.31
20.54
20.73

19.30
20.00
20.38
20.17

189 7
190.2
191 8
193.4

9 30
8.77
8 59
8 41

9 35
8 88
8 70
8 51

8 88
7 98
7 94
7 80

9 01
8 28
7 98
7 90

1707
169 1
168 7
168 3

Dec 4
11
18
25

11 14
11 43
11.51
11 61

11 07
11.38
11.45
11.56

11 09
11 43
11.48
11 55

11.53
11.77
11.82
11.91

169 1
169.5
168.7
168.3

Dec

Dec 6
13 .
20
27

1
8
15
22
29

17 11
17.49
17.44
17.05
17 34

1646
16.88
16.84
16.47
16 74

2090
21.16
21.01
20.71
2096

20.26
20.41
20.20
19.57
19.97

193 4
193.9
194.4
196.1
1967

Digitized for FRASER


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

OO

O
00

n
d
B

00

oo


12.16

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION Continued


B. WEEKLY, 1934-70Continued
[1941-43 = 10]
1

Common

Common

Common

Total

Industrial

Railroad

PrePublic ferred
utility

5%
12
19.
26

17.28
17.87
18.30
18.00

16.71
17.25
17.62
17.25

20.74
21.54
22.30
21.96

19.93
20.79
21.57
21.86

196.7
197.2
197.3
198.9

Feb 2
9
16
23

18.63
18.57
18.28
17.79

17.89
17.86
17.58
17.11

22.53
22.44
21.97
21.14

22.40
22.07
21.82
21.31

199.4
199.4
200.0
201.2

Mar 2.
9
16
23
30

17.08
17.32
17.29
17.63
18.02

16.42
16.64
16.62
16.93
17.34

20.27
20.40
20.25
20.58
20.93

20.64
21.12
21.09
21.68
21.97

201.2
201.8
201.8
203.5
205.3

Apr 7
14
21..
28

18.36
18.75
18.83
18.71

17.69
18.12
18.19
18.06

20.92
20.85
20.99
20.67

22.37
22.56
22.66
22.73

May

25

18.61
18.55
18.63
18.74

17.97
17.92
18,00
18.05

20.57
20.43
20.54
21.08

June 1
8
15
22
29

19.14
18.89
18.76
18.41
18.27

18.43
18.19
18.02
17,66
17.53

Julv 6

iS:: :'::::
20

18.50
18.39
18.00
17.57

Aug 3
10.........
17
24
31 .

Week ending
Total

Industrial

Railroad

1948 Jan 3
10
17..
24
31

15.23
15.23
14.95
14.51
14.53

15.10
15.02
14.74
14.28
14.29

14.41
14.66
14.25
13.84
14.16

16.26
16.86
16.63
16.40
16.28

Feb 7
14. .
21
28

14.39
13.95
14.01
14.00

14.16
13.72
13.80
13.78

13.91
13.50
13.54
13.52

16.18
15.75
15.68
15.61

Mar 6
13
20
27

14.13
14.01
14.15
14.71

13.91
13.75
13.89
14.49

13.72
13.68
13.75
14.30

15.73
15.88
16.02
16.30

205.3
204.7
204.7
204.7

Apr 3
10
17
24

15.01
15.26
15.35
15.62

14.80
14.98
15.15
15.41

14.64
14.96
15.10
15.75

16.46
16.57
16.58
16.73

i; 167.9 1950 -Jan 7


14
; 169.5
21
170.3
28
169.5
168.7
Feb 4
11
168.3
18
166.7
25
167.1
| 167.9
Mar. 4
11
i 168.3
18
1! 169.9
25
I 169.9
i 171.6
Apr. 1
170.7
15
i 170.7
22
!l 170.7
29
: 169.5

22.67
22.50
22.57
22.87

202.9
201.8
201.2
201.8

21.75
21.45
21.90 :
21.80
21.37 .

23.39
23.08
22.99
22.63
22.48

201.8
201.8
202.4
202.9
202.4

May 1
8.. .
15
22
29.. .

15.52
15.63
16.08 <
16.48
16.62

15.29
15.41
15.83
16.23
16.42

15.72
15.81
16.43
16.91
16.77

16.80
16.92
17.49
17.74
17.69

168.7
171.2
170.7
171,2
171.2

June 5
12
19.
26..

16.70
16.82
17.00
16.84

16.54
16.66
16.84
16.64

16.46
16.60
16.68
16.87

17.69
17.77
17.89
17.93

172.9
i 173.7
174.2
' 174.2

17.82
17.75
17.37
16.96

21.28
21.11
20.59
19.82

22.41
202.9
22.04 i 204.7
21.64 203.5
21.14 204.1

19.87
19.90
20.03
19.76
18.59

205.3
204.7
203.5
202.9
202.4

16.50
16.64
16.42
15.84
15.89

21.65
21.77
21.62
21.33
20.34

16.72
16.84
16.64
16.05
16.10

17.88
17.99
18.07
17.72
16.91

17.27
17.39
17.48
17.12
16,36

July 3
10, . . . . . . . .
17 .
24
31

16.76
17.04
16.98
16.08
16.13

17.92
17.91
17.76
17.24
17.23

i 172.0
j 172.0
171.6
169.9
169.5

Aug.

16.02
15.76
15.95
16.02

15.82 16.06
15.69
15.56
15.76 i 15.74
16.13
15.83

17.14
16.94
17.05
17.05

168.7 1
166.3
166.3
166.3

Sept 7
14
21
28.. .

15.71
15. CM)
14.90
14.92

15.23
14 5^
14.45
14.51

16.90
16M
15.55
15.07

18.84
18 09
18.05
18.01

201.2
197.2
194.4
191.8

Seot 4

ii::::::":*
is.........
25........

16.12
16.02
IS. 77
15.55

15.91
15.80
15.54
1531

16.51
16.25
15.98
15.64

17.14
167.1
17.15 167.5
17.06 166.7
16.94 166.3

Oct. 5.........
12.
19
26 . . . .

14.90
14.46
15.03
14.80

14.51
14.10
14.62
14.38

14.82
14.30
15.03
14.88

18,02
17.39
18.22
18.06

192.9
191.8
192.3
191.3

Oct 2
9.... . .
16
23 .........
30.

15.50
15.87
16.08
16.41
16.54

15.28
15.68
15.91
16.25
16.39

15.55
15.90
15.89
16.24
16.25

16.80
16.97
17.07
17.27
17.40

1946 Jan

,!::-:::-::
18

27

Digitized for FRASER


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

7
14.. . . .
21
28

165.1
163.6
163.6
163.6
164.3

Total

Industrial

Railroad

PrePublic ferred
utility

16.90
16.88
16.86
16.83

16.60
16.57
16.54
16.49

14.27
14.32
14.33
14.30

20.06
20.13
20.17
20.33

181.9
182.8
183.3
183.3

17.17
17.25
17.10
17.22

16.86
16.96
16,79
16.92

14.37
14.25
14.32
14.41

20.56
20.55
20.44
20.59

182.3
182.3
182.8
182.3

17.27
17.17
17.38
17.53

16.95
16.82
17.03
17.21

14.50
14.41
14.48
14.41

20.69
20.79
21.07
21.13

184.2
183.7

17.39
17.66
17.89
17.97
17.89

17.10 14.29
17.38 14.59
17.63 14.60
17.73 i 14.61
14.38
17.66

20.82
20.93
21.10
21.04
20.95

183.7
183.3
183.3

18.21
18.25
18.53
18.67

18.01 ' 14.65


18.06 14.51
18.36 14.62
18.52 14.62

21.05
21.14
21.33
21.37

182.8
182.8
183.3
183.3

14.42
14.29
14.59
14.45

21.31
21.22
21.22
21.18

183.4
183.0
182.3
181.9

Week ending

PrePublic ferred
utility

W*^k rn(\ino

.....
. .

...

May 6

13:.:

20
27

Jun 3. .
10
17
24

...

. . . . . 18.77
. . . 18.96
19.11
19.01

July 1
17.85
8 . . . . . . . . . 17.76
17.07
15
17.26
22
17.43
29
...

18.66
18.91
19.06
18.96

i
17.80 i 13.60
17.72 1 13.66
16,99 14.01
14.92
17.16
17.34 , 15.91

T
:

19.97 1 !H0.7
19.66 178.1
18.80 1, 178.1
178.5
18.75
179.4
18.59

17.99
18.45
18.43
18.71

17.98
18.49
18.47
18.77

15.95
16.07
16.13
16.15

18.70
18.95
18.97
19.11

180.3
181.4
182.3
183.0

Sept. 2 . . . . . . . . .
9.
....
16.........
23........ .
30.........

18.49
18.64
19.01
19..14
19.37

18.56
18.73
19,11
19.44
19.47

15.98
16.10
16.84
17.02
16.85

18.94
18.92
18.99
19.34
19.47

182.5
182.7
182.3
181.7
1*KU

Oct. 7
14....,
21.. . . . . . .
28 . . . . . . . . .

19.92
19.84
19.93
19.88

20.11
20.04
20.13
20.08

17.17
17.05
17.28
16.93

19.56
19.41
19.43
19.47

180.9
!8Q.l
180.8
180.3

Aug.

5
12
19
26

on

1946Nov. 2
9
16
23
30

14.68
14.93
14.82
14.38
14 53

14.21
14.42
14.34
13.90
14 03

15.14
15.56
15.40
14.80
15 11

18.12
18.65
18.32
17.93
18 23

189.7
190.2
190.2
189.2
187 7

Dec. 7
14
21
28

14.63
15.26
15.35
15.28

14 12
14.70
14.78
14.73

15 26
16.27
16.11
15.77

18 46
19.20
19.55
19.43

185 7
186.2
186.7
186.7

1947_jan. 4
11
18
25

15.25
15.31
14.92
15.10

14.70
14.78
14.40
14.57

15.59
15.42
1498
15.22

19.36
19.36
18 91
19.20

185 7
187.2
187 2
187.2

Feb. 1
8
15
22

15.58
15.96
15.97
15.79

15.07
15 46
15.49
15 30

15.69
16.19
16.19
15 93

19.40
19.62
19.51
19 48

187.7
189 2
189.2
189 2

Mar. 1
8
15
22
29

15.47
15 39
14.89
15.08
,, 15.23

14.98
1494
14.45
14.66
14 84

15 30
15 01
14.37
14.44
14 44

19 31
19 34
18.56
18.60
18 64

Apr. 5
12
19
26

15.19
14.80
14.21
14.48

14.80
14 42
13 84
14.11

14.29
13 78
13 10
13.34

May 3
10
17
24
31

14.61
14,69
14 11
14.05
14.26

14 26
14.36
13 79
13.76
13 98

June 7
14
21
28

14.42
14 74
15.05
15.10

July 5
12
19
26

194g__Nov. 6
13
20
27

15.94
15.13
15.28
15.03

15.80
14.99
15.15
14.90

15.42
14.31
14.46
14 17

16.86
16.20
16.23
1606

163.6
1647
168.3
168 3

1950 Nov. 4
11
18
25

19.68
19 66
19.87
20 11

19.88
19 88
20.08
20 36

16.48
1647
17 17
17 49

19.39
19 25
19 34
19 28

180 1
179 9
181 0
181 6

Dec. 4
11.
18
25

14.99
15 23
15.22
15.18

14.88
15 16
15.15
15.10

14.09
14 23
14.13
13.94

15.87
15 87
15 89
15.95

167 9
168 3
168 7
169.1

Dec 2
9
16
23
30

19.64
19 34
19 58
19.97
20.29

19 85
19 53
19 75
20" 12
20.43

19 03
18 60
18 63
18 92
19.37

15 21
15.31
15.40
15 45
15.29

15 12
15 21
15.29
15 32
15.13

13 95
14 11
14.11
14 27
14.04

169 5
169 1
170.7
1720
173.7

01
37
24
18
24

181 2
180 5
179 9
179 5
179.8

16 06
16 31
16.48
16 59
16.76

17
17
18
19
19

1951Jan 6
13
20
27

20 82
21.06
21 41
21.24

20 97
21 22
21 59
21 41

19 83
20 03
20 74
20 42

19 82
20 03
20 11
20 01

179 8
1804
181 2
181 5

Feb. 5
12. . .
19
26 . .

15.20
14 68
14.73
14 52

15.02
14 48
14.53
14 31

13.77
13 12
13 14
12 67

16.87
16 61
16.67
16 69

174.6
173 3
172.9
172 0

Feb 3
10
17
24

21.81
22 13
22 12
21 87

22 02
22 37
22 35
22 08

21 39
21 83
21 53
20 91

20 14
20 17
20 31
20 47

181.7
181 4
181 0
180 5

1882
188 7
188 7
187.7
187 2

Mar 5
12
19
26

14 69
14 93
14 96
14.89

14 50
14 74
14 78
14.69

12 85
13 04
12 93
12.85

16 73
16 95
17 02
17.05

1720
172 4
171 6
172.4

Mar 3
10
17
24 .
31

21 87
21 88
21 49
21.58
21 42

22 06
22 07
21 70
21 81
21 67

18.64
18 22
17.61
17.85

187.2
187 2
1862
186.2

Apr. 2
9
16
23
30

15.06
1496
15 02
14 87
14.72

14.86
14.73
14 78
14 62
14.49

13.11
13 10
13 05
12 80
12.72

172.4
172 9

20 70
20 77
20 <*5
20 45
20 21

180 7
178 6
174 9
173.6
172 6

17.19
17.30
17 49
17 40
17.17

20 72
20 49
19 86
19 82
19 37

172 4
171.6

Apr 7
14
21
28.

21 51
21 85
22 07
22.16

21 77
22 16
22 40
22 54

19 62
19 89
20 11
2002

20 16
20 21
20 20
20 10

171 5
170 8
170 1
169.2

13 31
13.13
12 40
12,31
12 60

17 92
17.93
17 35
17 09
17 21

185 7
186 7
186 7
185 7
185 7

Mav 7

14 92
14 87
14 34
14 54

14 69
14 61
14 56
14 25

12 70
12 74
12 83
12 59

17 42
17 59
17 68
1743

171 6
172 4
173 7
1750

May 5
12
19
26

22 64
2249
21 77
21 19

23 08
22 90
22 11
21 48

2040
20 36
19 53
18 76

20 19
20 19
20 05
19 91

169 7
170 0
168 4
168 5

14 15
14 49
14.79
14 81

12 64
12 80
13 21
13 45

17
17
17
17

22
46
79
94

186 2
185 7
186 2
186 7

June 4
11.
18
25

14.13
13 87
13 44
14 09

13.82
13 56
13 47
13 83

12.05
11 73
11 44
11 81

17.20
16 99
16 82 I
16 89

175.0
176 8
176 4
175 9

June 2 . .
9
16
23
30

21,39
21 42
21 71
21 86
21 20

21 68
21 72
22 06
22 23
21 53

20 04
20 03
20 01
20 16
20 01

167.9
169 0
168 7
167 6
166 3

15 16
15.38
15.59
15.67

"13 74
14.29
1475
15.01

18 18
18.43
18 45
18.43

187 2
188,2
188 7
189.2

July 2
9
16
23
30

14.13
14 47
14.69
14 90
15.03

13.87
14 25
14.48
14 69
14.81

11.72
11 74
11.92
12 12
12.25

176.4
175 9
176.4
1764
177.7

03
09
23
07
97

15.43
15.67
15.88
15.96

1696
17 22
17.32
17 53
17.73

19
19
19
19
17

July 7
14.
21
28

21 40
21.76
21 85
22.37

21 75
22 14
22 22
22 77

18
18
18
19

16
37
54
32

20 10
20 30
20 39
20 58

165 7
1669
166 9
167.2

Aug. 2
9
16
23
30

15.72
15.60
15.47
15.45
15 25

15 43
15.31
15 14
15.14
14 92

14 55
14.22
14 06
14.09
14 83

18 32
18.30
18 29
18.34
18 18

188 7
188 2
188 7
1892
188 7

Aug 6
13
20
27

15 18
15 41
15 38
15 24

14
15
15
14

96
15
31
99

12 28
12 82
12 73
12 46

18
18
18
18

01
30
30
27

178 1
178 6
179 5
1804

Aug 4
11
18
25

22 64
2292
22 82
22 86

23
23
23
23

19
19
19
19

57
82
50
35

20 70
20 79
20 83
20 79

167 6
169 0
169 5
170 7

Sept. 6
13
20
27

15.24
14.96
15.14
14,97

14.93
14.65
14.84
14.66

13 83
13.58
13.70
13.52

18 16
17.89
17 95
17.89

188 7
188.7
188 2
187.7

Sept. 3
10
17
24

15.23
15 37
15.65
15 44

14.97
15 11
15.38
15 13

12.33
12 45
12.70
12 64

18.33
18 43
18.83
18 87

180.9
182 3
183.3
181 4

Sept. 1
g
15
22
29.

19 55
2004
20 35
20 53
2072

20 85
20 98
21 03
21 10
21 01

170 1
1704
168 9
167 7
167 0

Oct. 4
11
18
25

15.15
15.26
15.60
15.66

14.85
14.98
15.33
15.42

13 76
13.77
1407
14.18

17 96
18.00
18 15
18.02

184 7
183.3
181 4
1800

Oct. 1
8
15
22
29

15.53
15 78
15.91
15 85
16.04

15.22
15 49
15 63
15 58
15 80

12.77
12 93
13.09
12 92
12.90

18 96
19 07
19.14
19 03
19 06

181.4
181 4
1804
1800
179 5

23 56
23 94
24 15
24 04
23.77

Oct 6
13
20
27

23
23
23
22

70
70
57
81

24 16
24 15
24 04
23 20

21 13
21 19
20 74
19 85

21 20
21 29
21 18
20 90

167 2
167 5
167 I
166 9

Nov. 1
8
15
22
29

15.47
15 36
15.24
15.32
15 11

15.26
15 20
15.11
15 20
15 03

13.68
13 34
13.17
13 45
13 29

17.68
17 28
17.01
16 79
16 22

1768
175 5
173,3
174 2
175 0

Nov. 5
12..
19
26.

16.22
16 15
15.98
16 13

15 99
15 91
15*73
15 88

12.93
12 91
12.79
12 80

19 23
19 24
19 21
19 30

1800
179 5
180.0
1800

Nov 3
10
17
24

22 84
22 68
22 83
22 55

23 26
23 06
23 20
22 90

19
19
19
19

2091
21 08
21 21
21 06

166 4
165 9
165 4
165 0

Dec, 6
13
20
27

1487
14.87
15 13
15.19

14 80
14.79
15 02
15.07

13 02
13.18
13 93
14.30

15 97
1605
16 18
16.12

173 7
174 6
173 3
171 2

Dec. 3
10
17
24
31

16 16
1642
16 64
16 58
16.69

15 91
16 02
16 39
16 31
16.42

12 94
13 24
13 40
13 39
13.77

19
19
19
19
19

179 5
1800
1800
1809
181 4

Dec 1
8
15
22
29

22 70
23 23
23 37
23 51
23 60

23 08
23 64
23 76
23 94
24 05

19 37
20 14
20 33
20 17
20 07

21
21
21
21
21

165 3
165 7
163 8
163 2
161 9

Digitized for FRASER


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

1949 Jan 1
8
15
22
29

14::"":::*

21
28

30
47
80
83
88

172 o

23 07
23 43
23.62
23 55
. . 23.32

06
37
26
33

51
27
47
22

06
28
51
59
59

n
c
?a
H
W

t/5

GO

12.16

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION


B.

Total

Industrial

i
i

Common

PreRail- i Public ferred


road utility

><

WEEKLY, 1934-70Continued
[1941-43 = 10]

Common
Week ending

Continued

Week ending

Common

00

Total

Industrial

Railroad

PrePublic ferred
utility

45.06
44.49
43.94
43.46

47.95
47.28
46.68
46.08

33.83
33.47
32.82
32.56

31.68
31.61
31.43
31.44

173.2
173.8
174.1
174.6

44.07
44.17
43.88
44.82

46.74
46.83
46.48
47.57

33.16
33.01
32.86
33.56

31.80
32.06
31.98
32.19

175.5
176.4
175.5
175.5

26.07
26.34
26.48
26.56

166.7 1956 Jan. 7


14
167.0 f
0|
21
i 168.
169.4 1
28
170. 5
i
Feb 4
11
171. 8
172. 2
18
25
171. 4 I
, 171.6
Mar. 3
6
10
1 172.
17
173. 4
0
24
\ 173.
31
173. 6 1

45.48
46,19
47.57
48.65
48.47

48.35
49.05
50.64
51.97
51.75

33.74
34.57
35.40
35.70
35.91

32.33
33.04
33.44
33.41
33.29

175.6
175.3
175.4
174.6
172.8

35.99
35.56
36.09
36.69

33.01
32.64
32.37
32.03

171.5
170.3
167.7
165.4

Total

Industrial

!
Pre- 1
Rail- i Public I ferrcd
road utility
,'.

1954Jan. 2
9
16
23
30

24.71
25.04
25.08
25.70
26.03

24.75
25.11
25.13
25.81
26.17

20.37
20.74
20.81
21.45
21,75

25.08
25.25
25.35
25.67
25.77

Feb 6
13
20
27

26.08
26.14
25.92
25.93

26.21
26.25
25.99
26.02

21.98
22,23
22.24
22.03

25.89
25.98
25.86
25.87

Mar 6
13
20
27

26.36
26.58
26.66
26.57

26.50
26.73
26.80
26.69

22.23
22.20
22.09
21.79

Week ending

23.86
23.90
24.18
24.56

24.31
24.29
24.58
25.02

20.37
20.48
20.99
21.43

21.85
22.18
22.31
22.29

161.6
163.3
164.3
165.4

Feb. 2
9
16
23

24.38
24.17
23.92
23.34

24.80
24.56
24.23
23.58

21.20
20.92
20.88
20.53

22.36
22.40
22.53
22.33

166.2
165.7
166.1
165.9

Mar 1.
8
15
22
29

23.23
23.64
23.71
23.90
24.00

23.44
23,87
23.93
24.13
24.24

20,62
21.23
21.66
21.81
22.01

22.32
22.51
22.54
22.62
22.61

166.0
166.1
166.5
169.7
170.6

24.14
23.98
23.60
23.55

24.38
24.20
23.82
23.77

22.55
22.34
21.77
21.82

22.58
22.57
22.31
22.24

171.2
171.7
172.9
172.4

Apr 3
10
17
24

26.93
27.27
27.75
27.72

27.14
27.55
28.10
28.09

21.74
21.67
21.97
21.66

26.60
26.67
26.84
26.82

173. 8
174. 3
174. 0 I
174. 5 !

Apr 7
14
21
28

48.69
48.16
47.79
47.50 .

52.08
51.52
51.08
50.74

May 3
10
17
24
31

23.45
23.77
23.66
23,80
23.88

23.65
24.00
23.86
24.01
24.09

21.81
22.16
21.98
22.26
22.47

22.20
22.38
22.40
22.45
22.50

172.9
173.2
173.4
173.6
173.5

May 1
8

is:::::::::
. .

27.97
28.39
28.64
28.84
29.07

28.39
28.84
29.11
29.33
29.55

21.97
22.73
22.94
23.20
23.35

26.72
26.82
26.98
27.12
27.34

; 174, 2
173.8
2 i
1 174.
y 173. 4
7
1 173.

May 5.
12
19.. ..
26

48.31
47.69
46.46
45.10

51.71
50.97
49.54
47.96

36.84
37.08
36.09
34.69

32.21
31.98
31.75
31.61

165.6
167.0
166.6
165.4

June 7
14
21
28.........

23.98
24.32
24.43
24.68

24.17
24.56
24.72
25.03

22.80
23.17
23,09
23.20

22.54
22.58
22.49
22.43

173.4
173.4
173.8
172.4

June 5
....
12
19. .... .
26.........

29.15
28.48
28.90
29.15

29.64
28.81
29.36
29.63

23.30
22.85
23.54
23,80

6 !
27.47 1 173.
27.08 172.9
27.17 172.9 '
27.32 172.9

June 2.
9
16..
23
30. .

45.00
45.69
46.23
46.42
46.86

47.91
48.72
49.33
49.56
50.09

33.86
33.94
34.29
34.42
34.30

31.46
31.82
31.94
31,95
32.05

165.6
167.3
168.0
168.1
167.8

July 5
12..
19
26

25.05
24.92
25.05
25.09

25.45
25.30
25.46
25.50

23.48
23.24
23.15
23.22

22.50
22.50
22.58
22.60

171.3
170.9
171.5
170.9

32.39
32.76
33.00
33.50

167.6
168.6
168.3
168.4

22.80
23.08
23.08
23.01
23.10

171.0
170.5
169.9
170.0
169.2

27.53
27.86
28.14
28.42
28.62

34.13
34.46
34.63
35.11

23.54
23.69
23.52
23,04
23.13

23.70
24.00
24.51
24.52
24.93

50.86
52.05
52.90
52.83

25.75
25.87
25.68
25.27
25.23

29.84
30.57
30.61
30.55
31.12

47.52
48,56
49.28
49.33

25.34
25.48
25.32
24.95
24.93

29.34
29.99
30.10
30.09
30.60

July 7
14
21
28

AUK. 2
9.........
16
23
30

July 3
10
17. ..
24
. ...
31

30.79
30.50
. . 31.13
30.75

31.31
30.98
31.70
31.30

24.98
24.78
25.17
24.53

28.87 174. 2 i
28.78 174. 3
28.96 175. 2
28.82 175.2

Aug 4
11
18
25

49.44
49.16
48.83
47.90

52.93
52.60
52.26
51.24

34.80
34.44
33.93
33.22

33.76
33.81
33.63
33.15

167.9
166.6
165.1
163.6

Scot 6. .
27

25.21
24.82
24.53
24.72

25.54
25.12
24.79
24.97

23,26
22.52
22.30
22.86

23.26
23.12
23.06
23.19

170.5
170.2
170.!
169.9

Sept. 4.. . . . . . . .
11 ..
18.........
25 ..

30.20
30.73
31.37
31.99

30.71
31.33
32.07
32.82

23.85
24.16
24.60
24.67

28.50 174.8
28.62 ' 174.2
28.81 175.8 !|
28.87 176.9

Sept 1
8.........
15
22........
29....

47.41
47.96
47.24
46.60
45.78

50.74
51.41
50.62
49.86
4837

32.62
32.57
32.05
32.03
31.37

32.71
32.79
32.43
32.26
31.79

162.1
160.6
158.9
159.3
!59.7

Get 4
11
18
25

24.54
24.51
24.16
23.98

24.78
24.76
24.39
24.19

22.62
22.51
22.28
22. 1U

23.15
23.08
22.79
22.71

169.2
169.4
168.0
166.9

Oct 2
9
16
23 . .
30. . . . . . . . .

32.46
32.64
32.11
32.03
31.90

33.44
33.66
33.07
33.03
32.94

24.43
24.62
24.61
25.09
24.76

28.78
28.74
28.37
27.91
27.57

Oct. 6
13
20
27

45.85
46.66
46.46
46.08

49.10
50.01
49.75
49.31

31.38
32.23
32.69
32.65

31.55
31.77
31.74
31.58

158.6
159.3
159.9
157.9

1952Jan 5. . .
12
19
26

p 5
Apr.

12

19
26

:::

i!:::::::::
20

Digitized for FRASER


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

22
29

Aug. 7
14
21..
28

" 172. 1
172.4 !
172.8
173.7 1
174.

177.2
177.4 !
177.8
178.2
178.9

00

i
w

oo

32.44
33 27
33.51
34 10

33.50
34 36 '
3464
35 28

25 01
26 07
2661
27 12

28.12
28 64
28 61
28 93

179.1
179 0
178.6
178 8

34 29
34.76
34 69
35.36

35 46
35.94
35 82
36 56

27 57
28 54
28 75
3000

29 06
29 31
29 43
2948

178 5
178.2
178 5
178.7

35.59
35 81
35.55
34 98
3553

36.80
37 08
36 74
36 08
37 04

30 34
29 95
3000
29 07
29 78

29.62
29 75
29 82
29 85
30* 12

177.7
1769
176.4
174 8
1749

Feb 5
12
19
26

36.67
36 88
36.86
36 72

38 04
38 23
38 08
37 86

3022
30 41
31 04
31 75

30 20
30 53
3098
31 00

174.7
175 0
175 1
175 1

Feb. 2
9
16.
23

Mar 5
12
19
26

37 11
36 47
35 79
36.53

38 26
37 58
36 91
37.71

32 44
31 65
3091
31 47

31 24
30 94
3020
30.63

175 4
174 2
174 4
174.4

162 7
162 8
161 5
161 1

Apr 2
9
16
23
30

36 75
37.11
37 71
38 22
38 03

37 94
38 35
38 96
39 52
39 34

31 97
32 37
33 34
34 15
34 05

30 67
30 74
31 23
31 28
31 07

23 58
23 69
23.60
23 77
23.71

160 3
1605
158.9
1606
159.8

May 7
14
21
28

37 82
37.57
37.30
37 66

39 08
38 83
38.56
38 97

33 78
33 58
33.12
33 37

23 11
22 46
22 37
22 57

157 7
156 2
156 4
156 7

June 4
11
18
25

38 08
39 03
39 83
40 59

39 43
40 54
41 48
42 41

40.95
42 52
42.48
42 47
43 57

1952 Nov 1
8
15
22
29

24.21
24 71
24.72
25 17
25.49

2442
24 95
24 90
25 37
25.72

22 16
2246
22 70
23 03
23 63

22.99
23 37
23 67
23 99
24 10

168.1
168 8
169 8
169 9
1706

Dec. 6
13
20
27

25.67
25 93
26.07
26 24

25.90
26 17
26.30
26 50

23 87
24 35
2485
25 20

24.20
24 35
24 36
24 30

170.9
1707
170.5
1700

1953 Jan 3
10
17
24
31

26 53
26.38
26 02
2609
26 16

26 85
26.68
26 27
26 35
26 39

2494
24 87
24 56
2447
24 73

24 44
24.43
24 37
24.35
24 50

169 6
169.4
169 1
1672
168 0

Feb 7
14
21
28

... 26 29
25 67
25 57
25 88

26 53
25 87
25 74
2609

24 44
23 82
23 87
24 41

24 72
24.47
24 36
24.42

167 3
166 1
165 6
166.2

Mar 7
14
21
28

25 87
26 03
26.24
26 05

26 07
26 22
26.43
26 22

24 34
24 52
24 81
24 60

24 47
24 73
24.87
24 78

165 4
1662
166.3
1649

Apr. 4
11
18
25

25 35
24 79
24 82
24 45

25 50
24 91
2495
24 57

23 65
23 01
23 04
22 56

24 30
23 98
24 0!
23 68

May 2
9
16
23
30

24 58
2498
24.81
24 89
24.70

24 74
25 20
25.01
25.03
24.81

22 72
22 94
22.91
23 56
23.40

June 6
13
20
27

24
23
23
24

24.27
23 92
23.93
24 31

22 58
22 27
22 29
22 93

1954 Nov 6
13
20.
27
Dec 4
11
18
25 ..

1955 Jan

13
74
74
11

1
g
15...
22
29

1956 Nov. 3
10
17
24

, 46.37
46 95
46.05
45 00

49 65
50 30
49.23
48 03 i

32
32
31
31

16
37
97
21

31.82
32 12
31 96
31 69

1569
156 2
154 3
152 3

Dec

1.
8..f
15
22
29

44 73
46.41
46 49
46.39
46 43

47 74
49.73
49 83
49.74
49 81

31 18
32 01
31 92
31 59
31 46

31 50
31.74
31 76
31.65
31 60

151 9
150.7
151 9
151 5
151 5

1957 Jan

5.
12
19
26.

46 38
46.26
45 23
44.53

49 87
49.41
48 18
47 59

31 72
32 35
31 36
3066

31 86
32.25
32 32
32 39

152 2
154.3
1546
157 6

44.69
43 84
. . 42.90
43 52

47.49
46 49
45 47
46 19

30 61
30 08
29 '26
29 60

32 66
32 53
32 03
32 17

156.9
157 0
156.6
156 3

Mar* 2 .
9
16.
23
30

43 45
44 18
43 94
44.03
44 03

46 09
46 98
46 76
4690
46 90

29
29
29
29
29

26
60
28
20
36

32 35
32 58
32 40
32 43
32 41

157 0
157 3
157 0
157.2
1572

174 5
175 4
176 5
176 3
175 9

Apr 6.
13
20.
27

44 39
44 83
45 (2
45 58

47 30
47 82
48 16
48 67

29
29
29
29

62
72
64
92

32 62
32 83
32 98
33 44

157 0
157 6
157 0
155 5

31 08
30 89
30.70
3083

175 7
175.6
175.7
175.2

May 4
11.
18
25.

46 04
46 33
46.91
47.22

49 21
49 55
50.25
50 64

30 32
30 49
30.50
30 55

33 70
33 90
34.08
34 24

155 7
155 7
154.3
153 5

34 00
34 27
34 58
34 71

30 95
31 19
31 35
31 40

175 4
175 5
175 1
176 6

June 1

47 00
47 43
47 94
47 72
47 13

50 43
51 02
51 69
51 54
50 95

30 12
29 97
30 29
30 16
30 03

153 5
152 8
150 5
148 1
146 5

42.89
44 82
44 71
44 65
45 92

34.54
34 20
34 06
33 91
34 09

31.31
31 46
31.80
32 10
32 56

176.2
176 1
175.9
177 2
177 4

34 07
34 02
33 87
33 16
32 36

48 12
48.92
48 74
48 54

52 07
52 99
52 80
52 58

30 38
31 25
31 61
31 61

32 93
33 29
33 02
32 73

149 1
148 8
147 8
145 1

Aug 3
10.
17
24
31

47 84
46 96
45.99
45 07
44.56

51 80
50 75
49.67
48 64
48.11

30 92
30 49
29.65
29 12
28.26

32 52
32 38
31.99
31 62
31.30

145 7
145 6
144.8
144 7
145.2

Sept 7
14.
21
28 .

45 00
44.41
44 40
. . . 42.65

48 63
4798
47 96
4609

28 30
27 64
27 34
25 86

31 35
31 08
31 27
30 77

145 3
146 0
147 7
145 9

8.

15
22.
29

24 24
24.45
24 19
24 21

24 38
24.57
24.28
24 30

23 16
23.40
23 00
23 07

22 95
23.30
23 22
23 23

157 7
159.3
159 4
161 6

July 2
9. .
16
23
30

... 24 34
24.78
24,72
24.39
23.88

2445
24.89
24.78
24.43
23.88

22 88
23.29
23.07
22 56
21.76

23 35
23.79
24.08
23.99
23.80

162 5
162 8
163.4
163 6
162.6

Aug 6 . .
13
20
27

42 79
42.03
41.96
42 59

45 00
44 13
44.01
44 71

33 38
32 65
32.97
31 69

32 60
32 39
32.46
32 64

176 8
175 4
174.6
173 2

23 48
23.45
2293
23.17

23.47
23.44
22 93
23.16

21 07
20.83
20 22
20.50

23 52
23.59
23 04
23.33

161 8
162.4
162 8
162.5

Sept 3
10...
17
24. ..

43 21
43 87
44.76
45 34

45 47
46 23
47 31
48 04

33 58
34 39
34 75
34 73

32 71
32 81
32 84
32 75

171 9
172 9
172.9
173 1

Oct. 3
10
17
24
31

23 47
23 55
... 23 84
24.23
24 40

23 46
23 51
23 79
24.22
24 44

20 63
20 45
20 87
21 31
21 08

23.69
23 95
24 26
24.42
24 42

164 7
165 1
166 5
167.9
169 6

Oct. 1
8..
15
22..
29

43 64
42 68
41 22
42 05
42 47

46 24
45 15
43 50
44 45
44 93

32 82
32 27
31 29
31 99
32 20

31 73
31 33
30 75
31 02
31*15

172 0
172 2
172 4
174 8
1747

Oct 5
12
19
26

42 84
41 61
41 04
4003

46 24
44 80
44 17
43 14

26 28
25 48
24 85
23 58

31 01
30 76
30 46
29 57

146 1
147 1
146 5
144 6

Nov. 7 .
14
21
28

2461
24.51
. .. 24 35
24.51

2466
24.49
24 34
24.50

21 21 ! 24 60
21.30 24.60
21 08 24 65
21.06 24.88

169 4
169.4
168 5
167.9

Nov. 5
12...
19
26 .

42.83
44 68
45 93
45 57

45 32
47 48
48 97
48 53

31 99
33 28
34 16
34 63

31
31
31
31

175 I
175 7
174 9
174 2 .

NOV 2.
9
16.
23
30.

40 73
40 42
39 83
40 22
41 06

43 87
43 52
42 82
43 27
44 18

23 66
23 10
22 72
22 11
22 55

30 24
30 33
30 33
30 80
31 38

145 0
144 4
144 2
147 2
150 0

24.89
24 84
24.86
24 80

24.89
24.85
24.88
24.83

21.45
21 01
20.91
2067

167.3
1669
165.9
165 8

Dec. 3...
10
17...
24
31...

45 45
45.73
45 23
45.24
45 23

48 28
48.62
48 09
48.15
48 13

35 29
3496
34 16
3407
34 20

32 02
32.18
31 93
31.74
31 66

173 5
173 2
173 5
172.8
172 1

Dec. 7
14
21
28

41 42
40 65
39.64
39 68

44 58
43 68
42 49
42 52

2208
21 47
21 12
21 00

31
31
31
31

152 0
154 3
157 7
158 2

July 4
11
18
25
Aug. 1
8
15
22
29.,

Sept. 5
....
12:::.:....
19
26

Dec. 5
12
19
26

Digitized for FRASER


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

25.18
25 20
25.20
25.17

52
88
92
80

Julyy 6

i203 ;
27

69
88
67
80

w
00

a
oo

oo

I
w

12.16

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATION Continued


B. WEEKLY, 1934-70Continued
[1941-43 - 10]

Common

Common

Total

Industrial

Railroad

PrePublic ferred
utility

40.19
40.76
40.86
41.38

43.07
43.66
43.69
44.23

21.45
22.16
22.37
23.02

32.23
32.63
33.24
33.67

157.7
158.7
160.0
161.8

Feb 1
8
15
22..

41.70
42.10
41.16
41.04

44.53
45.00
43.91
43.75

23.48
23.87
22.92
22.92

34.03
34.18
34.02
34.11

162.1
160.4
159.9
159.8

Mar 1
8
15
22
29

40.74
41.60
42.38
42.11
42,34

43.40
44.39
45.29
44.97
45.22

22.29
22.36
22.82
22.57
22.68

34.16
34.43
34.57
34.53
34.68

159.5
158.5
158.9
158.6
157.3

Apr

41.78
41.61
42.3'0
43.01

44.56
44.32
45.03
45.77

22.19
22.20
23.37
24.15

34.77 !! 157.7
35.01 158.9
35.50 160.2
36.05 163.0

43.38
43.94
43.44
43,61
43.90

46.17
46.80
46.21
46.40
46.70

24.23
24.84
24.59
24.64
25.10

36.41
36.51
36.49
36.62
36.77 !

44.49
44.66
45.03
44.72

47.34
47.51
47.94
47.57

25.29
25.42
25.77
25.63

37.23 163.5
37.39 164.4
37.29 163.7
37.28 1 162.4

12.::.:.:.:
19

26.. .

45.33
45.48
45.36
46.55

48.26
48.39
48.22
49.62

25.82
25.99
26.63
27.67

37.60
37.93
37.94
37.76

163.2
161.4
160.4
159.0

Aug. 2
9
16.........
23.........
30. ... . . .

47.18
47.79
47.83
47.44
47.79

50.35 28.04
51.08 i 28.47
51.14 28.40
50.73 28.20
51.12 28.68

37.76
37.76
37.60
37.25
37.30

Week ending

Common

Total

Industrial

Railroad

PrePublic ferred
utility

59.49
59.92
58.41
57.36
56.42

64.05
64.50
62.69
61.49
60.37

33.61
34,41
33.81
33.48
33.00

44.54
44.76
44.57
44.34
44.31

56.27
55.46
55.39
55.94

60.18
59.23
59.15
59.78

32.75
32.69
32.39
32.59

Week ending

PrePublic ferred
utility

Total

Industrial

Railroad

70.60
69,24
68.80
68.39

74.65
73.19
72.70
72.25

33.76 63.97
33.86 62.75
33.88 ! 62.40
33.64 62.19

68.80
70.26
70.53
70.39

72.70
74.33
74.56
74.35

33.96
34.39
34.40
34.11

62.37
63.24
63.95
64.20

69.99
70.02
70.78
70.57
69.84

73.91
73.94
74.78
74.50
73.69

33.75
33.58
33.51
33.40
33.19

64.06
64.09
64.71
64.98
64.42

155.2
156.2
156.8
155.8
156.1

Apr 7
14
21
28

68.88
68.18
68.09
67.61

72.59
71.76
71.68
71.15

32.66
32.37
32.59
31.89

64.18
64.06
64.15
63.69

156.1
157.5
157.1
158.2

May 5
12
19
26

65.94
64.33
63.88
61.43

69.44
67.77
67.28
64.58

31.72
31.07
30.97
30,31

61.67
59.97
59.59
57.87

158.0
158.3
158.1
157.7

58.15
58.02
55.98
54.47
53.31

61.19
60.88
58.65
57.07
55.85 1

29.03
28,95
28.19
27.67
27.08

54.31
55.29
53.83
52.31
51.26

154.2
154.6
155.5
155.6
154.2

56.33
57.47
56.81
56.72

58.93
60.12
59.41
59.35

28,24
28.72
28.40
27.90

54.90
55.99
55.49
55.26

152.6
152.5
153.0
152.6

57.98
57.53
58.44
.. 59.51

60.73
60.22
61.23
62.37

28.07
27.67
27.87
28.37

56.28
56.18
56.76
57.68

153.0
153.1
153.9
155.2

:|

o
00

1958Jan 4
U
18
25

-,i:::::::::
19
26

May 3
10
17
24.
31

June 7.
14
21
28

July 5

Mar. 5
12
19
26

55.42
53.92
54.81
55.61

59,16
57.52
58.52
59.39

31,46
30.35
31.16
31.27

142 7 | 1962 Jan 6


143.8 1
13
143 5
20
144.2
27
143.5
Feb 3
44.41 i 144.2
10
44.24 1 145 5 '
17
44.33 145 9 I
24
44.48 145.4
Mar 3
44.75 145.7 i
10
17
43.90 146.4
44.24 146 8 i
24
44.90 148.4
31

Apr 2
9
16
23
30 . . . .

55.61
56.17
56.30
55.83
54.77

59.32
59.98
60.14
59.58
58.32

30.99
30.86
30.87
30.56
30.10

45.35
45.52
45.58
45.59
45.51

May 7
14
21
28

54.72
54.79
55.53
55.72

58.28
58.35
59.21
59.38

30.03
29.77
30.32
30.63

45.44
45.62
45.76
46.06

148 4
148.8
148 6 i
148 6
148.4
i
148.2
148 2
147 0
146.0 ]

June 4
11 . . . . . . . .
18 . . .
25

56.02
57.64
57.68
57.36

59.73 29.91 46.45


61.55 31.02 ! 47.05
61.54 j 31.02 47.47
61.15 30.88 47.54

145 5
148 0
148 1 i
148 7 !

June 2
9
16
23
30

July 2
16
23
30

60.68
60.77
59.72
58.63
57.68

30.92
30.69
30.31
30.16
29.49

47.98
48.33
48.34
48,27
47.19

148 2
148.3 1
149 1
149 3 1
149.1

July 7
14
21
28

158.5
158.5
159.3
156.3
155.8 i

57.04
57.15
56.28
55.37
54.59

AUK 6
13
20
27

55.12
56.07
56.80
57.68

58.50
59.55
60.25
61.22

29.48
29.93
30.61
30.80

47.45
48.02
48.93
49.61

1 50 9
J51 3 i
152 3 !
153.1

Sept 3
10
17
24

. .

57.07
56.03
55.47
54.14

6049
59.29
58.65
57.18

30.02
29.40
29.18
28.61

49.72
49.55
49.33
48.44

. . .

52.92
53.50
54.39
54.08
53.02

55.99
56.63
57.61
57.28
56.14

27.54
27.68
27.89
27.88
27.63

46.94
47.27
47.89
47.65
46.68

51.41
51.80
52.7!
53.04

28.71 37.64
28.62 37.83
29.60 38.06
30.45 38.14

154.9
152.8
151.8
152.6

Oct. 4
11....
18
25

53.63
54.68
54.83
54.69

30.82
31.26
30.98
31.19

38.45
38.92
39.13
39.30

150.4
150.6
151.8
151.0

Digitized for FRASER


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

50.09
51.03
51.17
51.08

9. ;

16
23
30

Feb. 6
13
20
27

162.5
162.2
163.0
162.3
162.1

Sept. 6......... 48.06


48.41
49.22
20
27....
49.55

is.::. .:

1960Jan 2

...

. . .
9 ::::.:.:

Oct
1

1
8
15
22
29

. .

....

Aug. 4
11
18
25

...

...

151.0
152.4
152.4
153.1
!

153.7
154.6
154.2
155.8

152 2
150 9
149 8
149 8

Sept. 1 . . . . . . . . .
8 . .
15
22
29

58.96
58.36
58.69
58.66
56.36

61.71
61.03
61.45
61.40
58.87

28.43
28.12
28.00
27.61
27.08

57.60
57.34
57.33
57.43
55.82

154.9
155.6
155.5
155.7
156.0

146 5
147 6
148.1 I
147 4
147.1

Oct. 6. ... . .
13
20
27

56.30
57.10
56.63
54.58

58.82
59.61
59.10
56.98

26.99
27.40
27.38
27.43

55.78
56.83
56.41
53.89

155.4
156.5
156.3
155.1

C/3

1958 Nov. 1
8
15
22
29

50.96
5207
52.90
53 10
51 68

54.48
55 72
56.58
56 72
55 15

31.70
32 24
33.08
33 72
33 10

39.65
4020
40.87
41 27
40 53

150.4
150 5
151.0
151 1
150 2

Dec 6
13
20
27

52 54
53 07
53 83
53.75

56 06
56 64
57 48
57 33

33
33
33
33

54
52
66
76

41 21
41 77
42 24
42 52

150 9
150 0
151 5
151 *

1959Jan, 3
10
17
24
31

55.08
55 46
55 70
55 88
55 47

58
59
59
59
59

82
14
35
57
18

34 40
35 21
35 91
36 09
35 08

43 20
43 88
44 20
44 16
43 73

151 7
152 5
155 0
155 0
155 1

Feb. 7
14
21
28

5495
54 13
54.77
55 37

58 56
57 62
58.29
58 96

35 07
34 78
3548
35 52

43 59
43 34
43 80
44 22

154 9
154 7
1554
155 4

Mar. 7
14
21
28

56 19
56 42
56 34
55 87

59 87
60 10
59 98
59 46

35 63
35 78
35 63
35 02

44 84
45 09
45 30
45 16

157 3
156 1
156 1
156 0

Aor 4
25

55 80
56.34
57 09
57 97

59 40
6000
60 88
61 88

35 00
35 46
36 18
36 48

44 99
45 26
45 24
45 18

155 8
1562
154 8
154 1

May 2
9
16
23
30

57 80
5744
57 94
58 21
58 31

61 83
61 47
62 08
62 36
62 53

36 19
35 74
35 73
36 27
36 47

44 66
44 35
44 34
44 44
44 05

1540
152 1
1507
148 4
147 6

June 6
13
20
27

58 05
56.97
5696
57 47

62 37
61.24
61 24
61 74

35 86
35.41
35 86
36 55

43 26
42.26
42 00
42 54

1474
145 8
145 6
145 4

July 4 .... 58 77
11
59 91
18..
59.43
25
59 45

63 18
64 44
63 88
63 87

37 04
37 69
3694
36 22

43 36
43 95
4404
44 48

Aug. 1
8
15
22
29

60 39
60 35
59.14
58 86
59 21

6499
64 89
63 44
63 10
63 50

3647
36 18
35 26
35 25
35 54

Scot 5

26

58 84
57 35
56 58
55 95

63 10
61 49
60 71
6005

Oct 3
10
17
24
31

57 14
57 00
57 08
56 56
57 35

Nov 7
14
21
28
Dec 5
12
19
25

11:::::::.:
18

12"' :':*::
19

Digitized for FRASER


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

. ..54.18
55.62
55.69
55.90

57.46
59 12
59.16
59.31

28.25
2899
28.94
29.22

47.09
47.49
47.81
48.36

147.6
146.8
146.0
145.7

Dec 3
10
17
24
31

55.62
55 92
56.89
57 32
57.87

58.97
59 27
60.36
60 80
61.27

29.10
28 78
28.89
29 07
29.50

48.43
48 98
49.62
50 16
51.23

145.7
144.9
144.4
144 4
145.7

1961 Jan 7
14
21
28

58.25
59 17
59.67
60 63

61.63
62 60
63.14
64 21

30.31
31 37
32.06
31 64

51.66
52 35
52.55
53 30

Feb 4
11
18
25

62 03
61.83
61 77
62.53

65 63
65.35
65 27
66.07

31.90
31.71
3207
32.63

Mar 4
11
18
25

63.59
63 59
63 88
64 65

67.27
67.34
67 63
68.34

Apr 1
15
22
29

64.68
65 66
66.42
66 06
65 20

May 6
13
20
27

1962 Nov. 3
10
17
24

56.73
58 54
59.87
60 66

59.36
61 31
62.73
63 52

28.19
29 17
3038
31 15

55 65
56 59
57 43
58 32

155 8
156 1
157 9
157 5

Dec 1
8
15
22
29

61 98
62 69
62.44
62 50
62 89

6497
65 71
65 38
65 43
65 82

31 86
32 54
31 83
32 10
32 45

59 13
59 83
60 17
60 22
60 67

157 9
157 8
158 4
158 3
158 6

146.4
148 1
149.0
148 3

1963Jan. 5
12
19
26

63.41
64 60
65.06
65 60

66 28
67 49
67.99
68 58

33
34
33
34

89
17
86
13

61 65
63 01
63 41
63 81

159 1
159 g
161 1
163 0

55 16
55.39
55 39
56.00

149 0
149.6
149 9
150.5

Feb 2.
9
16
23

66 17
66.20
66 10
66.12

69 18
69.26
69 07
69.10

34 47
34.19
34 91
34.92

64 27
64 09
64 35
64 27

163 5
163 4
164 5
164 5

32.81
32.39
32 39
33.72

56.58
56.24
56 75
57.72

150.2
149.9
149 9
150.6

Mar. 2
9
16
23
30

64.87
64.98
65 72
65.81
66 49

67.77
67 90
68 77
68 87
69 63

34.37
34 72
34 55
3446
34 77

63.20
63 09
63 38
63 46
63 69

164.0
165 0
164 7
165 0
165 1

68.34
69 37
70.30
69 94
68 96

33.47
32 76
32.38
3209
32 19

57.99
59 29
59.49
59 01
58 58

150.3
1500
149.8
150.6
149 9

Apr.
6
P
13
20
27

67.44
68.51
69.05
69 60

70 70
71.91
72 51
73 09

35 10
35.64
36 17
37 47

64 14
64.53
64 78
64 90

163 6
163.3
161 4
161 4

65 99
6643
67 11
66 45

69 84
70.29
70 97
70 23

32 65
32.81
33 52
33 36

58 97
59.45
6020
59 80

1500
150.9
151 8
151 1

May 4
11
18
25

69 92
69.97
70 33
70 07

73 42
73.49
73 79
73 47

37 58
37.48
38 18
39 00

65 24
65.21
65 84 65 72

162 4
162 8
163 7
164 0

June 3
10
17
24

66.62
66 79
... 65.76
64 99

70.53
70.74
69.62
68 81

33.03
33.13
32.56
32.01

59.30
59.27
58.59
57.90

151.4
150.8
150.6
149.9

June 1
8
22
29

, . . 70.25
.
70.58
:. 70.17
70.06
69.62

73.71
74.14
73.71
73.55
73.04

39.49
39.32
38.90
39.30
39 83

65.40
65.20
64.83
64.90
64 56

163.8
163 8
163.5
163 0
162 4

145 7
146 8
147 8
147 9

July 1
8
15
22
29

64.54
65 61
65 37
64 69
65 85

68.32
69 38
69 01
68.33
69 62

31.70
32.48
31 94
31.02
31 67

57.63
59.00
59 73
59.09
59 63

1 49*4
148.9
149 3
149.9
149 3

July 6
13
20
27

69.62
69 81
68.82
68.18

73.04
73 27
72.16
71.48

39.73 64.57
39 55 "64 70
38.92 64.28
37.46 64 11

161 5
161 5
160.6
161 4

44 62
44 98
45 17
45 12
45 27

147 6
147 3
148 9
149 3
150 4

Aue
5
g12
19
26

67 21
67 85
67 86
68 02

71
71
71
71

31 97
32 45
32 80
33 30

60.24
60 87
61.02
61 73

149.5
149 7
149.0
149 3

Aug. 3
10
17
24
31

69.08
70 07
71.06
71.48
72 03

72.43
73 50
74.52
74.93
75 56

38.06
38 64
39.23
39.76
39 66

64.96
65 61
66.64
67 19
67 41

161.8
162 2
162 6
163 0
163 1

34 95
33 88
33 41
33 11

45 06
44 13
43 19
42 58

148 5
148 0
145 3
143 ?

Sept. 2
9
16
23
30

67.86
68 16
67 69
66 91
66 27

71.62
71 94
71 39
7047
69 75

33.16
33 12
33 06
|
32 97
3287

62.17
62 47
62.32
62 18
61.77

148.9
148 8
148.7
149 1
150.5

Sent 7
14:....::.:
21
28

72 79
73.02
73 10
72.71

76 43
76.77
76.93
76.57

39 49
39.02
39.09
38.69

67 77
67.53
67 09
66.39

162 6
1628
162 8
163.3

61 29
61 04
61 11
60 49
61 48

34 28
34 42
34 50
3424
34 00

43 56
44 06
44 21
44 17
44 08

144 4
145 4
145 7
145 1
146 1

Oct 7
14
21
28

67 28
68 08
68 17
68 23

70 71
71 51
71 60
71 64

34 11
3498
34 78
34 39

63 24
64.11
64 25
64 66

151 4
151.3
151 8
152 1

Oct 5
12
19
26

72 38
72.39
72 85
73.33

76 25
76.31
76 88
77.46

38 37
38.17
38 42
38.58

66 13
65.63
65 45
65.42

164 2
165.2
164 1
164.5

57 40
57 30
56 70
57 39

61 62
61 50
60 87
61 69

33 32
33 06
32 40
32 41

43
43
43
43

145 2
146 2
145 0
145 8

Nov 4
11
18
25

68 87
70 68
71 56
71 74

72 33
74 28
75 21
75 46

34 22
34 40
34 59
34 25

65 29
66 92
67 76
67 77

152 3
152 6
152 9
152 8

Nov 2
9
16
23
30

74 12
73 17
73 07
71.50
72 62

78 45
77 35
77 17
75 37
76 73

38 00
38 31
39 04
38 35
38 73

65 25 164 7
64 92 1 164 2
65 05 163 7
64 66 163 2
64 41 163 1

58 63
59 03
58 98
59 09

63 11
63 53
63 47
63 58

33
33
33
33

44 01
44 32
44 29
44 36

Dec. 2
9
16
23
30

71.68
71 93
72 31
71 18
71 48

75.46
75 89
76 36
75 28
75^70

33.90
33 67
33 36
32 57
33 05

67.30
66 60
6662
64 94
64 39

153.0
152 0150.9
150 1
150.8

Dec 7
14
21
28

73 87
73.96
74.47
74.14

78 11
78.13 !
78.68
78.32

39 13
39.84
4048
40.03

65 18
65.65
65 88
65.65

14
56
75
68

82
88
46
68

146 1
145 4
144 0
143 2

I960Nov 5.
12
19
26

17
83
83
86

15

162 7
162.4
162.2
161.2

1
o

on

12.16

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATIONContinued


B. WEEKLY, 1934-70Continued

[1941=43 = 101
i

Common
Week ending
Total

Industrial

Railroad

i Pre"
Public ' ferred
utility

1964- Jan. 4 . . .
11...
18...
25...

75.13
75.98
76.47
76.85

79.41
80.31
80.85
81.27

40.55
40.74
41.05
41.13

66.22 161.2
67.09 161.8
67.37 I 162.5
67.62 162.5

Feb. 1 . . .
8...
15...
22...
29.. .

76.91
76.94
77.39
77.53
77.73

82.39
81.44
81.93
82.15
82.36

41.20
40.98
41.29
41.57
42.34

67.29 ! 162.6
67.28 162.4
67.46 163.0
67.01 162.8.
67.01 162.4 !

Mar. 7 . . .
14...
21...
28...

78.13
78.82
79.21
78.97

82.84
83.65
84.14
83.87

42.85
43.08
42.93
42.64

66.81
66.83
66.75
66.72

Apr.

4...
11...
18...
25...

79.40
79.81
80.12
80.33

84.34
84.78
85.12
85.35

May 2 . . .
9. . .
16...
23...
30...

79.72
80.91
80.98
80.62
80.40

June 6. . .
13...
20...
27...

Week ending

Common
Preferred

Week ending

Total

Industrial

Railroad

Public
utility

1966 Jan. I . . .
8.,.
15...
22. ..
29...

91.90
92.70
93.36
93.65
93.65

97.87
98.79
99.53
99.95
100.03

51.05
51.95
53.64
54.21
54.75

75.27
75.30
75.07
74.31
73.62

155.8
155.4
155.0
154.7
155.6

Feb. 5 . . .
12. . .
19...
26. . .

92.70
93.77
93.01
91.35

99 . 03
100.27
99.46
97.70

53.96
54.76
55.97
54.26

72.80
72.86
71.70
70.51

153.7
152.0
150.1
148.7

162.1
161.6
161.1
160.2

Mar. 5.. .
12...
19...
26...

89.83
88.60
87.95
89.32

96.15
94.74
93.98
95.48

53.50
51.84
50.40
51.57

68.79
68.86
69.23
69.90

42.99
43.35
43.30
43.45

66.95 160.3
67.20 159.8
67.44 ( 1 6 0 . 1
67.60 | 160.2

84.69
86.08
86.10
85.64
85.37

43.11
43.88
44.53
45.57
45 . 97

67.08 159.9
67.19
159.5
67.48 :' 158.9
67.34 i 158.6
67.18 \ 158.0

Apr. 2 . . .
9...
16...
23...
30...

89.37
91.35
91.73
91.98
91.60

95.63
97.92
98.31
98.58
98.18

50.85
52.23
52.74
52.89
51.70

May 7 . . .
14...
21 ...
28...

89.18
86.47
84.72
86.89

95.50
92.48
90.56
93.01

79.40
79.31
80.57
81.12

84.22
84.09
85.51
86.09

45.79
45.44
46.14
47.12

66.85 i! 158.7
67.11 i 158.9
67.63 ! 159.0
67. S9 i; 159.1

June 4. . .
11...
18...
25...

86.06
85.42
86.72
86.62

July 4 . . .
11...
18. . .
25...

82.05
83.16
83.47
83.55

87.06
H8.23
88 . 49
88.49

48.43
48.82
48.92
49 . 1 8

68.53 ! 159.4 i
69.54 ' 160.6
70.38 : 160.4
70.92 160.5

Aug. 1 ...
8...
15...
22...
29 ...

83.02
82.05
82.09
82.22
81.67

87.84
86.75
86.80
86.95
86.32

48.83
47.88
47.64
47.18
46.27

71.21
70.97
71.03
71.25
71.39 |

160.6
162.6
163.3
163.7
164.3

July 2 . . .
9...
16...
23...
30...

Sept. 5 ...
12...
19...
26...

82.33
83.12
83.35
83.97

87 . 08
87.94
88.18
88 = 91)

46.34
46.99
47.06
47.55

71.51
71.90
72.21
72.2?

Oct. 3 . . .
10

84.23

S9.17

47.64

72.52

n!!!

89.72

24...
31...

84.81
85.06
84.86

89.93
89 . 69

48.45
49.23
49.55

73.38 ! 164.7
73.69 164.7
73.55 ' 164,9

Nov. 7...
14...
21 "

85.18
85.10
86.07
85.58

90.09
89.96
91.05
90.55

49.14
47.66
48.03
47.59

73.67 !
74.49
74.89
74.43 .

oo
o

Common

28! !!

Digitized for FRASER


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

; PrePublic j ferred
utility

Total

Indus- ! Railtrial
road

1968 Jan. 6 . . .
13...
20...
27...

95.77
96.60
95.74
93.52

104.13
104.77
103.80
101.43

43.73
43.88
43.63
42.76

66.96
69.42
69.01
67.18

121.4
124.4
122.5
123.1

Feb. 3 . . .
10...
17
24...

92.66
91.32
89. 88
90.82

100.45
98.91
97 . 33
98.44

42.85
42.56
41.87
42.54

66.75
66.26
65.27
65.29

123.1
124.2
124.2
123.3

146.3
144.1
143.6
144'.2

Mar. 2. . .
9.
16...
23.
30...

89.85
88.61
89.56
88.86
89.34

97.36
96.06
97 . 27
96.59
97.23

41.94
41.09
41.51
42.05
42.09

64.88
63.70
63.19
61.83
61.35 !

123.7
122.1
122.5
119.0
119.5

69.46
69.71
69.97
70.24
70.38

145.8
146.4
146.9
146.8
146.0

Apr. 6. . .
13...
20. ..
27...

93.14
95.72
96.59
96.51

101.56
104.44
105.38
105.41

42.76
44.34
45.47
45.82

62.98
64.01
64.48
63.41

119.8
120.4
119.5
118.4

49.02
47.01
45 . 39
46.73

69 . 59
68.46
67 . 68
68.31

146.8
145.1
144.1
144.0

May 4. . .
11...
18...
25.. .

98.05
98.61
97.78
96.94

107.26
107.90
106.93
105.89

46.53
46.89
47.44
49.20

63.29
63.50
62.99
62.53

118.1
118.8
119.5
117.2

92 . 1 0
91.40
92.89
92.80

46.18
45.75
46.76
45. BO

67.84
67.54
67.75
67.47

143.6
143.1
141.5
141.6

June 1 ...
8...
15...
22...
29...

97.80
100.44
101.36
100.32
100.01

106.95
109.95
110.90
109.30
108.74 1

49.56
51.33
52.52
51.52
51.62

62.33
63.08
63.85
66.63
67.83

117.4
118.9
118.0
118.6
119.3

85.39
86.97
86.91
85.95
83.80

91.42
93.23
93.11
92. OB
89.68

46.11
46.53
46.21
45.18
44.21

66.96
67.49
67.99
67.42
66.42

140.6
140.0
139.8
140.0
139.9

July 6 . . . 100.02
1 3 . . . 102.23
20.. . 101.47
2 7 . . . 98.71

108.79
111.32
110.49
107.4!

51.69
52.96
51.36
49.37

67.51
68.07
68.07
67.00

120.1
120.5
120.9
123.9

Aug. 6. . .
13...
20...
27...

83.14
83.31
81 .07
77.98

89.00
89.26
86. 89
83 . 54

43.89
43.62
42.08
40.37

65.72
65.31
63.51
61.39

1 39 . 1
138.1
135.8
132.3

Aug. 3 . . .
10...
17. . .
24...
31...

97.33
97.04
98.32
98.84
98 . B4

105.84
105.54
107.01
107.57
107.63

48.45
47.89
49.01
49.41
49.31

66.57
66.41
66.68
66.92
66.46

124.0
125.1
125.8
125.4
124.5

164.2
164.6
165.1
165.4

Sept. 3.. .
10.. .
17...
24,..

76. 52
76.41
79.09
78.39

81 .94
81.61
84.50
83.71

39.78
39 . 68
40.88
40.52

60.47
61.97
63.93
63.71

131.2
133.0
135.1
133.6

Sept. 7...
14...
21...
28...

100.32
100. 84
101.50
102.38

109.36 |: 49.87
109.94
50.51
110.75
51.01
111.73 52. 4B

66.77
66.90
66.69
66.64

125.2
124.3
124.2
123.8

164.7

Oct. 1 . . .
g

77.19

82.36

40.15

80." 89
82.90
S4.43

133.4
1 32 . 2

Oct. 5... 103.15


12.
103.48
19!!! 103! 92
26.,. 104.44)

112.53
112 96
!13!46 '
114.05 j

54.34
54 11 '
54-! 50
54.34

122.8
I Zl . 4

22...
29...

75.' 99
78.05
79.47

63.11
fO 06
^ fiA
63.72
39'!
07
39 . m 66.90
68.26
39.87

66.96

is!!!

Nov. 5...
12...
19...
26...

80.65
81.49
81.70
80.21

85.67
86.66
86.88
85.22

41.45
41.29
42.03
41.43

112.90 :
112.82 i ,
114.48
115.39
116.99

53. SS
52.99
53.57
53.61
54.91

165.2
164.9
165.0
163.8

1M

71

68.99
69.15
69.15
68.35

132!2
133.3
136.2
136.2
134.4
132.8

Nov. 2. . .
9...
16. ..
23...
30...

103.42
103.46
105.18
106.08
107.47

'M

66! 96
66.96
67. 00
68.05
70.89
72.09
72.17

121.7
121.8

120.5
120.5
120.4
120 2
120.1

a
w
on

is

CO

1964 Dec. 5...


12...
19...
26...

84.06
83.78
83.68
84.25

88.84
88.50
88.36
89.05

46.37
45.65
45.52
45.79

73.89
74.30
74.43
74.33

164.0
165.2
166.2
166.2

1965 Jan. 2. . .
9. .
16...
23...
30...

84.23
84.88
85.78
86.60
87.21

89.05
89.75
90.68
91.52
92.20

45.60
46.01
46.68
47.09
47.36

74.22
74.60
75.58
76.49
76.81

166.2
166.3
167,1
168.7
168.0

Feb. 6. . .
13...
20...
27...

87.52
86.47
85.95
87.11

92.52
91.32
90.74
92.07

47.20
46.51
46,35
47.02

77.33
77.11
76.76
76.94

Mar. 6 . . .
13...
20...
27...

87.14
86.83
87.01
86.78

92.06
91.73
91.98
91.68

46.89
46.97
47.13
47.23

Apr. 3 . , .
10...
17...
24...

86.25
86.84
88.09
88.59

91.08
91.74
93.21
93.81

May 1 ...
8...
15...
22...
29...

88.99
89.64
89.90
89.32
88.25

June 5 . . .
12...
19r..
26...

107.94
1 07 . 49
106.77
105.04

117.67
117.18
116.71
114.35

55.83
55.90
55.14
54,53

71.06
70.68
70.62
70.24

1969 Jan. 4. . . 103.90


11. .. 101.33
1 8 . . . 101.47
2 5 . . . 102.02

113.08
110.21
110.43
110.98

54.08
52.86
53.06
54.67

69.60
68.34
67.97
68.25

Feb. 1 . . . 102.58
8 . . . 103.22
1 5 . . . 103.65
22
101.07

1 1 1 . 39
111.98
112.57
109.75

55.81
56.76
56.48
53.94

69.70
70.64
70.29
69.04

Mar. 1 ...
8...
15...
22...
29.. .

98.26
98.95
98.75
99.08
100.43

106.71
107.66
107.53
108.01
1 09 . 62

52.12
51.34
50.09
50.13
50.29

67.16
66,66
66.23
65.67
65.73

Apr. 5 . . .
12...
19...
26...

100.96
100.85
101.15
101.03

110.27
110.21
110.55
110.40

50.37
49.92
49.29
48.92

65.63
65.27
65.65
65.76

138.0
137.3
135.7
133.1

May 3 . . .
10. .
17...
24. .
31.. .

103.20
104.81
105.64
104.53
103.66

112.95
114.77
115.64
114.40
113.49

49.50
50.00
50.58
50.02
49.32

66.12
66.81
67.52
67.08
66.31

68.26
67.87
67.63
67.08

133.2
132.2
132.5
132.4

June 7 . . .
14 . .
21.. .
28...

102.61
99 . 62
97.60
97.03

112.35
109.08
106.92
106.32

48.70
47:01
45.46
44.86

65.56
63.69
62.23
61.85

48.27
48.74
49.63
50.15
50.73

66.71
67. 18
67.52
68 . 06
68.15

130.9
130.8
131.5
131.7
130.5

July 5 . . .
12...
19
26...

98.59
96.94
94.94
92.85

1 08 . 09
106.23
103.89
101.55

45.00
44.27
43.00
41.99

62.55
61.88
61.72
60.88

103.21
1 03 . 26
102.30
101 .00

51.22
51.27
50.37
49.43

68.33
68.58
68.23
67.56

131 .4
132.0
131.1
129.9

Aug. 2 . . .
9.
16...
23.. .
30...

90.98
93.65
93.21
95.20
94.82

99.50
102.66
102.26
1 04 . 62
104.22

41.13
42.08
41.61
42.32
42.16

59.70
59.82
58.94
59.06
58.78

93.18
94.32
95,60
96.52
96.93

100.64
101.95
103.53
104.71
105.31

49.88
50.19
49.39
49.13
48.37

67.40
67.75
67.79
67.39
66.88

130.4
130.2
129.7
128.9
128.8

Sept, 6. . .
13. . .
20. .
27...

94.59
93.92
94.91
95.14

103.95
103.26
104.43
104.79

41.96
41.50
42.24
42.40

Oct. 7 . . .
14...
21...
28...

96.67
96.49
95.26
94.76

105.07
105.03
103.75
103.28

47.90
46.95
45.90
45.20 I

66.53
65.61
64.53
63.78

127.7
126.6
124.3
122.7

Oct. 4 . . .
]]

is:::
25...

93.10
93.14
95.72
97.41

102.48
102.58
105.31
1 07 . 04

159.6
158.4
158.8
158.8

Nov. 4. . .
11

18:::
25...

93.10
91.61
92.11
93.08

101 .49
99.77
100.25
101.33

43.62
42.79
42.69
42.82

62.89
62.49
63.42
63.97

122.1
121.3
120.7
120.1

Nov. 1 . . .
8...
15. .
22...
29...

97.32
97.59
97.76
95.59
93.32

158.6 i
157.3
155.3
156,3

Dec. 2 . . .
9...
16...
23...
30...

94,33
95.38
95.19
95.03
95.88

102.74
104.03
103.86
103.61
104.46

43.41 - 64.56
43.75
64.37
43.59
64.01
64.45
43.07
43.41
65.77

119.9
118.2
118.3
116.7
117.8

Dec. 6. .
13...
20. .
27...

92.24
90.60
90.29
90.97

1966 Dec. 3 . . .
10...
17...
24...
31...

80,36
81.40
82.32
81.35
80.58

85.46
86.67
87.65
86.48
85.54

41.21
41.46
41.74
41.51
41.28

68.05
68.28
69.08
69.23
69.35

132.8
133.1
133.9
133.5
133.6

1967-= Jan. 7 . . .
14...
21...
28...

81.18
83.51
85.45
86.14

86.15
88.79
91.03
91.81

41.89
43.66
45.31
45.87

69.93
70.52
70.75
70.99

134.2
138.9
141.0
138.9

166.7
166.8
165.9
164.9

Feb. 4 . . .
11...
18...
25...

86.76
87.34
87.95
87.40

92.56
93.29
94.02
93.44

46.13
46.09
46.43
46.03

70.82
70.67
70.65
70.18

141.0
141.5
141.2
138.9

77.30
77.00
76.68
76.79

164.6
163.8
164.6
164.3

Mar. 4. . .
11 . . .
18...
25,..

87.47
88.39
89.26
90.35

93.58
94.63
95.70
96.99

46.07
46.86
47.00
47.03

69.79
69.91
69.70
69.93

137.6
139.3
139.8
138.4

46.44
46.64
46,99
46.46

76.78
77.03
77.34
77.47

163.8
164.0
164.3
163.2

94.32
95.05
95.36
94.75
93.60

46.59
46.51
45.88
45.13
44.58

77.33
77.72
77.97
77.61
76.72

163.3
163.2
163.6
162.8
161.6

Apr. 1 ...
8,,,
15, . .
22...
29,..

90.68
89.51
89.16
91.86
93.31

97.31
95.89
95.42
98.53
1 00 . 30

46.57
45.81
45.46
45.76
46.17

70.66
70.95
71.37
72.31
72.15

139.6
140.1
140,1
139.2
137.3

May 6. . .
13
20^:
27...

94.04
93.75
92.65
91.05

101.23
100.87
99.61
97.88

46.18
46.83
47.37
47.53

71.79
71.60
70.86
69.45

87.21
85.54
84.96
84.31

92.50
90.76
90.11
89.40

43.46
42.33
42.61
42,26

75.99
74,51
73.94
73.62

160.6
159.8
159.9
159.5

June 3. . .
10.. .
17.. .
24. . .

89.90
90.51
92.42
92.23

96.70
97.45
99.74
99.60

47.23
47.64
48.68
48.53

July 3 . . .
10...
17..,
24...
31 . . .

83.55
85.19
85.71
84.43
84.38

88.54
90.22
90.77
89.40
89.37

42.35
43.21
43.51
42.85
43.76

73.25
75.01
75.45
74.45
73.87 :

158.9
158.6
159.3
160.5
160.7

July 1 ...
8...
15...
22...
29...

91.15
91.32
92.42
93.56
94.07

98.36
98.47
99.71
1 00 . 99
101 .57

Aug. 7. . .
14. . .
21...
28...

85.71
86.20
86,88
86.88

90.80
91.33
92.10
92.15

45.37
45.82
46.53
46.53

74.53
74.79
74.89
74.55

159.9
160.6
163.0
162.6

Aug. 5 . . .
12...
19.
26...

95.48
95.55
94.67
93.48

Sept. 4. . .
11.

25...

i^:::

87.45
88.75
89.60
90.00

92.75
94.21
95.18
95.62 i

46.83
46,81
46.61
47.09

75.14
75.93
76.31
76.44

162.2
162.6
162.5
162.8

Oct. 2.
9...
16...
23...
30...

90.19
90.51
91.33
91.84
92.20

95.87
96.23
97.11
97.69
98.12

47.42
47.61
48.28
48.88
49.31

76.18
76.35
76. S3
76.92
76.77 !

160.7
159.3
159.7
160.0
160.2

Sept, 2 , . .
9.. .
16...
23...
30...

Nov. 6 . . .
13...
20...
27,.,

92.34
92.13
92.42
91.85

98.22
97.96
98.34
97.71

50.10
50.07
50.29
50.24

76.99
77.09
76.76
76.36

Dec. 4 . . .
It...
18...
25...

91.48
91.32
91,99
92.04

97.33
97.17
97.94
98.01

50.88
50.85
50.99
51.32

75.62
75.37
75.54
75.36

Digitized for FRASER


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

1968Dec. 7 . . .
14...
21...
28...

120.5

119.2
118.2
116.3
116.5
117.5
117.9
118.5
118.8
119.0
118.7
118.0
116.0
115.3
115.2
115.0
114.5
115.0
113.9
114.3
113.2
113.6
114.2
113.8
112.4
111.5
111.6
111.3
109.8
109.7

no.i

_.
g

58.72
58.07
57.97
57.30

108.9
109.6
109.6
107.1
io9.i
108.4
108.9
108.3
108.3
106.3
105.4
103.9

41.78
41.39
41.96
41.82

56.36
56.19
58.72
61.00

101 9
103.2
102.9
103.7

rx>
ifl
1
Q

106.94
107.26
1 07 . 50
105.24
102.85

41.95
41.80
41.10
40.49
38.77

60.82
60.96
60.95
58.64
56.72

101.70
99.92
99.62
100.33 :

37.81
36.51
35.72
36.41

55.95
54.96
54.68
55.27

103.7
103.2
103.6
102.1
100.1
98.9

HH
H
HH
W
. ,

97 i

95^6
97.7

2
W
K^
hri
C:
>^

H
W

t/3

>

d
W
<r

5
g

%
00

o
z
w

w
12.16

STOCK PRICE INDEXES: STANDARD AND POOR'S CORPORATIONContinued


B. WEEKLY, 1934-70Continued
[1941-43 - 10]

Common

Common

Week ending

1970= Jan. 3 . . .
10...
17...
24.. .
31...

oo
to

Total

Industrial

Railroad

Public
utility

91.98
92.80
91.55
89.69
86.66

101.39
102.18
100.80
98.72
95.31

37.37
38.36
37.99
37.56
36.44

55.05
57.13
56.33
55.22
53.93

86.20
86.66
87.21
88.94

94.74
95.23
95.81
97.50

Man 7...
14...
21...
28...

89.88
88.43
87.24
88.67

98 . 28
96.67
95.41
97.03

38.07
37.57
36.86
36.88

Apr. 4 . . .
11...
18...
25...

89.70
88.51
86.56
84.26

98.13
96.77
94.55
92.20

37. 09
37.31
36.49
35.59

Digitized for FRASER


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

Preferred

:;

Week ending
Total

97.7
100.1
99.2
99.4
100.3

1970

May 2 . . .
9
16...
23...
30...

81.30
79.34
77.06
74.07
72.69

T
88.97
86.81
84.29
80.93
79 . 42

- - ' ;,
Rail- | Public
road ! utility
53.96
- ,. 52.75
31.33
51.70
30.30
50.20
29.43
49.41

Common
Pre- | Week endingferred
Total

Indus- | Railtrial ; road

98.9
97.8
97.0
96.0
95.3

1970- Sept. 5.. .


12...
19. .
26...

81.61
82.66
82.03
82.86

89.58 :
90.74
90.02 |j
90.99

27.83
28.65 i j
28.63
29.61

54.71 1
54.78 i
54.41
54.27

84.36
86.25
84.27
83.52
83.29

92.75
94.98
92.73
91.89 i
91.67 |

31.90
32.64
31.87 i
31.64 [!
30.54

54.07
54.03
53.35
52.91
52.91

97.4
97.6
96.4
95.0
93.4

30.61
30.96
30.46
31.05 j

53.58 '
54.84
54.55
56.17

94.9
96.1
94.6
98.0

94.7
95.7
94.9
96.4

i!

99.7
99.3
98.2
99 . 9

June 6. . .
13...
20...
27_.

77.55
75.34
76.02
74.57

84.98
82.60
83.52
81.93

30.97
29.79
29.16
27.31

50.94
49.32
48.78
48.38

94.3
93.1
91.3
91.0

59.97
59.04
58. OB
58.77

100.8 i!
101.0
99.6
100.8

July 4 . . .
11...
18...
25...

72.89
72.93
75.63
77.51

80.09
79.88
82.81
84.95

25.34
25.46
26.73
27.43

47.76
49.46
51.38
52.12

89 . 3 i,
91.4
92.2
93.5

Nov. 7 . . .
14...
21...
28.. .

84.09
84.40
83.20
85.01

92.53 j!
92.71 ;
91.33
93.26 1

59.74
59.11
57.76
55.69

UK). 7
99.9
101.5
100.3

Aug. 1 ...
8.. .
15...
22 . . .
29

77.92
77.14
75.48
77.07
81.25

85.48
84.60
82.62
84.43
89 . 1 6

27.20
51.91
26.69 i. 51.76
26.54
51.54
26.25
52.45
27.29 " 54.29

93.4 (
94.1
94.5
94.8
94.8

Dec. 5 . . .
12 .
19...
26...

88 . 30
89.83
89 . 89
90 . 1 7

96.83 1 31.99 !l
98.54 ! 32.50
98.56 [ 32.57 '
98.81
33.14 :,
|

Preferred

| Public
utility

Oct. 3 . . .
10...
17. .
24...
31...

36.29
54.13
36.45
54.51
36.44 { 55.15
37.03
57.63

Feb. 7 . . .
14...
21 ...
28...

00

58.70 100.1
59.51
103.0
59.85 ! 102.3
60.29 102.0

w
o
c
w
00

MONEY RATES AND SECURITIES MARKETS


12.17

PRICE INDEXES OF COMMON STOCKS: NEW YORK STOCK EXCHANGE


A.

ANNUALLY AND MONTHLY, 1966-70


[Dec. 31, 1965 = 50]

Period

Total

Industrial

Transportation

Utility

Finanq5

Period

Total

Industrial

Transportation

Utility

Finance

. .

44.16
50.77
55.37
54.67

43.79
51 97
58.00
57.45

48.23
53 51
50.58
46.96

44.77
45 43
44.19
42.80

44.43
49.82
65.85
70.49

1970

45 72

48 03

32 14

37 24

54.64

1966= Jan.
Feb.
Mar
Apr.
May.. .
June
July
Aug
Sept
Oct
Nov
Dec

50 56
50.36
48 28
49.60
46.87
46.61
46.47
43.72
41 99
41.50
43.73
44.16

50 62
50 58
48 47
50 01
47.03
46 85
46.66
43.89
41 99
41.03
43.28
43.79

51 75
53.69
52 56
57 08
51.98
53 55
53.04
48.66
44 51
42.24
45.82
48.23

50 13
48.92
46 95
46.78
45.45
44 54
44.79
42.33
41 74
43.33
45.16
44.77

50.25
49.13
45.99
46.71
44.68
44.31
43.53
41.46
39 50
40.23
43.16
44.43

1968 Jan
Feb. .
Mar
Apr
May
June
July
Aug.
Sept. . . .
Oct.
Nov. . .
Dec

53.24
50.68
49.48
53.23
54.85
56.64
56.41
55.04
56.80
58.32
59.44
60.32

55.45
52.63
51.54
56.03
58,04
59 83
59.12
57 59
59.57
61 07
6K97
63.21

47.90
45.15
43.29
46.85
49,92
52.86
51.59
49.01
51.94
55.24
55,96
57.30

44.87
43.36
41.78
42.46
42.07
43.30
44.69
44.09
44.55
45.22
47.18
46,73

55.89
53.88
52.98
57.56
60.43
64.60
68.90
68.19
71.77
77.50
79.55
79.00

19 67Jan
Feb.
Mar
Apr.
May
June
July
AuE.
Sept.
Oct.
Nov
Dec

46 02
47.80
49 02
49.92
51.00
50.54
51.67
52.46
53.23
53.13
51.40
53.06

45 61
47 72
49 02
50.19
51.78
51.55
53.13
54 20
55.28
55 62
53.79
55.80

51 38
52.56
51) 19
54.60
55.76
54.97
57 . 30
56 80
54.89
51.56
48.43
48.73

46 43
47.03
47 88
48.07
47.20
45.95
44.87
44.69
44.57
43.33
42.39
42.75

47.53
48.71
48.17
48.37
48.17
47.51
49.85
51.24
52.98
52.69
50.19
52.37

1969 Jan
Feb
Mar
Apr
May
June
July
Aug.
Sept. . . .
Oct. ,
Nov. , .
Dec

57.82
57.33
55 69
56.61
58.50
55.20
52.40
52.09
52.37
53.27
53.85
50.86

60.32
59.61
58 30
59.41
61.50
58.07
55.00
54 85
55.29
56 22
56.84
53.93

56,35
56,18
51,52
50.88
50,46
47.70
42.80
41.45
42.72
43.12
42.59
37.77

45.64
45,98
44.06
44,34
45.7$
43.39
42.31
41,34
40.20
40.55
41.36
38.69

75.58
75.26
70.60
72.38
75,10
68.62
64.56
65.29
68,16
71,71
71.62
66.95

1970 Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov.
Dec

50.61
48.76
49.46
47.51
41.65
41.28
41.15
42.28
45.10
46.06
45.84
49.00

53.58
51.29
51.33
49.47
43.33
43.40
43.04
44.20
47.43
48.87
48.54
51.68

37.51
36.06
36.85
34.99
29.85
28.51
26.46
27.66
30.43
32.38
31.23
33.70

38,76
38.55
40.77
39.49
35.48
33.74
34.90
35.74
36.74
36.01
36.71
39.93

66.19
65.01
67.37
64.07
54.58
54.21
54.00
56.05
60.13
59.04
57.40
61.95

Total

Industrial

Transportation

Utility

Finance

1966 July 2
9
16
23
30

46.27
47.03
47.04
46.56
45.39

46.39
47.16
47,25
46.83
45.52

53.19
54.07
53.97
52.90
51,35

44.72
45.46
45.22
44.62
43.99

43.83
44.20
43.96
43.33
42.70

Aug. 6
13
20
27

45.03
45.19
44.02
42.30

45.15
45.41
44.19
42.47

51.13
50.84
49.68
45.95

43.66
43,44
42.46
41.07

42.53
42.89
41.91
40.12

Sept. 3
10
17
24

41.34
41.27
42.67
42.29

41.43
41.23
42.70
42.33

43.74
43.23
45.77
44.94

40.74
41.20
42.24
41.87

39.10
39.18
40.16
39.52

Oct. 1
8
15
22
29

41.64
40.07
40.84
42.01
42.74

41.59
39.80
40.42
41.44
42.15

44.15
41.43
42.08
42.82
42.42

41.61
41.04
42.48
44.22
45.17

39.05
38.26
38.82
41.12
42.21

Nov. 5
12
19
26

43.42
43.93
44,10
43.38

42.89
43.47
43.66
42.93

44.07
45.41
46.44
45.96

45.46
45.52
45.44
44.69

42.79
43.15
43.42
43.08

Dec. 3
10
17
24
31

43.54
44.08
44.64
44.27
43.87

43.18
43.76
44.37
43.87
43.36

47.16
48.18
48.78
48.56
47.78

44.29
44.49
44.92
44.97
45.01

43.48
44.23
44.32
44.67
44,89

1966
1967
1968
1969

B. WEEKLY, 1966-70
[Dec. 31, 1965 = 50]

Week ending

Total

Industrial

Transportation

Utility

Financ

1966Jan. 8
15
22.. . .
29

50.14
50.33
50.80
50.81

49.99
50.49
50.95
51.03

49.85
51.35
52.13
53.38

50.81
50.58
49.93
49.43

50.09
50.31
50.38
50.33

Feb. 5
12
19
26

50.34
50.89
50.55
49.67

50.56
51.06
50.81
49.89

52.61
53.93
54.60
53.32

49.06
49.75
48.80
48.16

49.44
49.61
49.40
48.25

Mar. 5
12
19
26

48.87
48.17
47.76
48.51

49.08
48.31
47.87
48.57

53.50
51.87
50.84
53.37

47.28
47.05
46.96
47.01

47.04
46.41
45.47
45.68

Apr. 2
9
16
23
30

48.49
49.52
49.65
49.81
49.56

48.77
49.72
50.09
50.29
50.03

54.15
58.78
57 . 90
57.45
56.60

46.53
47.30
46.66
46.69
46.63

45.80
47.12
46.93
46.63
46.30

May 7
14
21
28

48.28
46.71
45.68
46.88

48.57
46.81
45.69
47.11

54.73
51 . 85
49.64
51 . 85

46.12
45.50
45.06
45.22

45.67
44.72
43.97
44.40

June 4
11
18
25

46.51
46.22
46.98
46.98

46.74
46.47
47.25
47.28

51.66
51.93
54.79
55.32

44.76
44.29
44.64
44.43

Digitized for FRASER


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

'

Week ending

44.48
44.29
44.55
44.40 ;

783

MONEY RATES AND SECURITIES MARKETS


12.17

PRICE INDEXES OF COMMON STOCKS: NEW YORK STOCK EXCHANGEContinued


B. WEEKLY, 1966=70 -Continued
[Dec. 31, 1965 = 50]
Total

Industrial

1967 Jan. 7
14
21
28

44 16
45.47
46.56
47.01

43 63
45.03
46.19
46.63

48
50
52
52

Feb. 4
11
18
25

47.40
47.76
48.13
47.87

Mar. 4
11
IB
25

Total

Industrial

Transportation

Utility

Finance

53 48
54 01
53 . 74
52 48

55 87
56 17
55.97
54 64

48 62
48 . 65
48.33
46.96

44 5^
45 90
45 , 25
44 29

54 11
56,25
57.03
55.96

Feb. 3 . . . . .
10...
17
24.....

51.92
51.09
50 17
50.66

54.00
53.06
^2 02
52.64

46,35
45.22
44.35
45.70

44 03
43 68
43 28
43.14

55.43
54.39
53 23
53.71

Mar. 2 . . . . .
9
16
23
30

50.05
49 20
49 77
49 34
49.57

51.97
51 06
51 83
^1 47
51.81

44.64
43 18
41 55
43 20
43.16

42,82
42 31
42 08
41 38
41J5

53.33
52 49
53 34
52 82
53.29

Apr. 6 . . . . .
13
20
27

51.67
53 14
53.74
53 83

54.17
*>5 85
56.57
56 81

44.72
47 28
47,46
47 67

42,22
42 64
42^88
42 26

55.96
57 61
58.20
58 02

48 28
48.53
48.53
47 77

Muy 4

is:::::
25

54 73
55.12
54.85
54 46

57 94
58.38
57.96
57 52

48 42
48.98
49.90
50 . 76

42 28
42.38
42.15
41 89

59 10
60.05
60.55
60 68

45.77
45.77
45.90
46.34

47 20
47.10
47.89
47.72

55 01
56,54
57.16
56.55
56.33

47.43
48 23
49.59
50 44
50.59

58 27
60.07
60.67
59.50
59.04

50.96
52.90
54.02
52,39
52.10

54.26
55 36
57.66
57 89
57 . 79

45.87
45 20
44.60
44.85
44.90

June 1
8.....
15
22
29.....

41.65
41.95
42.44
44.25
44.90

61 26
63.40
64.76
64.80
65.75

July 6
20
27

13:::::

56 34
57.61
57 11
55.41

S9 06
60.48
59 92
57.94

52.10
53.56
52.21
49.84

44.65
44,98
44.75
44,59

67 61
70.52
70 68
67.81

54.80
54.87
54 28
53.57

58.44
57.88
56 49
55.51

44.92
44.92
44 78
44.53

51.45
51.30
50 91
51.17

51.88
52.48
53.14
53.58
53.78

53.46
54.31
55.06
55.75
56 08

55.83
55.80
55 03
54.41
54 32

44.28
144.40
44.95
44.57
44.36

51.45
52.41
55.03
53.39
53 18

Aug. 3 . . . . .
10.....
17
24
31.....

54.54
54.47
55 15
55.46
55.41

57.01
56.94
57 69
58.05
58.07

48.69
48.39
49 40
49 . 52
49.13

44.15
43.98
44 15
44.25
43.99

66.11
66.91
68 57
69 . 33
69,03

Sept. 7 . . . .
14
21.....
28

56.17
56. 48
56.89
57.45

58.85
59.19
59.68
60 32

49 . 76
50.93
52. 68
53.76

44.71
44.62
44. 38
44.39

69.69
70.84
72.07
73.46

Oct. 7 . . . . . .
14.
21.
28

53.72
53.60
52.91
52.60

56.07
56.09
55.40
55.15

53.58
52.26
50.80
50.41

44.18
43.68
43.15
42.69

53.31
53.40
52.64
51.89

Oct. 5
12.....
19.....
26.....

57.95
58.10
58.42
58.72

60.74
60.87
61 . 17
61.47

54.94
54,88
55.59
55,72

44.79
45.12
45.29
45.47

76.30
76.17
77.53
78.68

Nov. 4
11
18.
25.

51.69
50.83
51.03
51.62

54.19
53.20
53.29
53.97

48.69
47.68
48.07
49 . 1 1

42,15
41.86
42.49
42.66

50.74
49.84
50.05
50.01

Nov. a2

16:::::
23

Dec. 2
9
16
23
30

52.40
52.99
52.99
52.93
53.50

54.96
55.79
55.81
55.62
56.21

49.11
48.56
48.69
48.55
49.18

42.80
42.60
42.43
42.82
43.25

50.84
51.76
52.17
52.71
53.28

30

58.16
58.18
59 . 29
59.90
60.77

60.83
60.79
61.82
62.29
63.34

54.69
54.50
55.86
56.22
57.64

45.30
45.65
. 47.01
48.27
48.25

Dec. 7 . . . . .
14..,..
21.....
28

61.04
60.87
60.52
59,58

63.92
63.81
63.50
62.41

57.92
57.72
57.29
56.88

47.38
47.04
46.67
46.28

Week ending -

Transportation

Utility

Finance

25
65
58
71

45 30
46.02
46.68
47.24

45 48
47.31
47.90
48 48

47.18
47.71
48 09
47.78

53.08
52.73
52 64
52,09

46.96
46.79
47.25
47,24

48.89
48.82
48 81
48.57

. .

47.93
48.48
48 94
49 . 49

47.78
48 29
48 91
49 62

52.97
55 06
56 04
55 66

47.43
47.97
47 81
47 91

48.35
48 10
47 74
48 12

Apr. 1 . . . . . .
8......
15
22....
29

49.72
49 . 1 5
48,97
50.38
51 18

49.94
49.28
49 02
50.68
51 78

55.15
54.06
53 96
55.13
55 24

47.89
47.74
47 86
48.44
48 22

48.51
48.16
48 27
48.48
48 57

Mayy 6

20......
27 . . . .

i?::::;:

51 64
51.53
51.07
50.31

52 49
52.36
51.81
51 06

55 17
55.95
56.40
55 96

47 91
47.65
47.33
46.45

June 3
10.... , .
17...., .
24......

49.62
49.90
51.07
51.04

50 40
50.76
52.22
52.09

54 67
54.88
55.54
55.31

July 1 . . . . . .
8
15....
22 . . .
29.

50.50
50 68
51.39
52.00
52.22

51.55
51 87
52.81
53.53
53.81

AU8

26......

53.02
53.05
52 52
51.91

i16. .. .
23.
30

-,I::::::
19

&pt

Digitized for FRASER


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

784

Week ending

1968 Jan

'

6
13
20...
27

'

78.55
78,04
79.71
79.95
80.89
80.65
80.08
79.15
77.52

MONEY RATES AND SECURITIES MARKETS


I:

12.17

PRICE INDEXES OF COMMON STOCKS: NEW YORK STOCK EXCHANGEContinued


B. WEEKLY, 966-70Continued
[Dec. 31, 1965 = 50]
Total

Industrial

Transportation

Utility

Finance

Total

Industrial

Transportation

Utility

Finance

58.91
57.39
57.40
57.85

61.68
59.92
59.89
60.34

56.30
55.00
55.50
57.21

45.93
45.40
45.41
45.41

76.26
74.30
74.68
76.35

1970 Jan. 3
10
17
24
31

51.45
52.01
51.29
50.28
48.50

54.62
55.07
54.34
53.27
51.32

38.11
39.76
39.16
37.14
35.68

38.84
39.06
37.86
38.48
37.51

67.47
68.37
67.63
65.58
62,76

58.18
58.45
58.68
57.09

60.56
60.72
61.02
59.34

57.65
58.19
58.06
55.39

46.20
46.78
46.77
45.99

76.73
77.68
77.98
74.85

Feb. 7
14
21
28

48.17
48.51
48.81
49.75

50.82
51.08
51.30
52.12

35.17
35.98
36.13
37,20

37.86
38.20
38.64
39.75

62.17
64.22
65.62
68.10

Mar. 1
8
15 ...
22
29

55.32
55.57
55.38
55.55
56.26

57,58
58.03
57.91
58.18
59.07

53.32
52.48
51.29
51.13
51,20

44.56
44.37
44.11
43.88
43.86

70.99
70.20
69.96
70.40
71.84

Mar. 7
14
21
28 ,

50.29
49.39
48.62
49.34

52.45
51.45
50.63
51.38

37.75
37.07
36.22
36.35

41.14
40.76
40.21
40.81

68.83
66.84
66.20
67 38

p 5
Apr.

26

56.51
56.40
56.52
56.43

59.33
59.25
59.33
59.15

51.26
51.35
50.90
50.17

44.02
43.85
44.23
44.57

72.40
71.94
71.90
72.37

Apr. 4
25

49.90
49.08
47.84
46.45

52.02
51.11
49.77
48.36

36.74
36.37
35.32
34.26

41.07
40.62
39.93
38.66

68 01
66.80
64.60
62.48

May 3.. . .
10
17 .. .
24
31 ..

57.72
58.62
59.04
58 44
57.97

60.58
61.63
62.08
61 45
60.95

50.85
50 71
50.63
50 21
50.07

45.31
45 73
46.18
45 79
45.39

74.40
75 74
75.84
74 61
73.97

May 2
9
16
23
30

44.67
43 55
42.27
40 54
39.60

46.65
45 35
43.98
42 14
41.19

32.42
11 59
30.23
28 92
28.17

37.29
36.59
35.89
34 88
34.19

59.24
57 47
55.88
52 97
51.07

June 7
14
21
28

57.38
55.60
54.29
53.73

60.31
58.55
57.16
56.52

49.99
48.34
46.97
45.87

45.05
43.50
42.56
42.53

72.51
68.91
67.24
66.21

June 6
13
20
27

42.42
41.19
41.52
40.65

44.52
43.24
43.72
42,81

30.18
29.07
28.73
27.25

34.88
33.78
33.64
33.08

55.58
54.18
54 55
53.40

July 5
12
19
26.

54.63
53.72
52.56
51.36

57.51
56.46
55.14
53,81

46.36
45 00
42.53
40.86

43.04
42 78
42.51
42.07

67.53
66 39
65.19
63.29

July 4
11
18
25

39.73
39.63
41.09
42.10

41 .76
41.41
42.90
44.06

25 . 61
25.28
26.52
27.22

32.82
33.82
35.17
36.63

52,15
51 94
53.66
55.07

Aug. 2
9
16
23.. . .
30

50.17
51.73
51.50
52.70
52.54

52.57
54.40
54.18
55.57
55 39

39.94
40.96
40. 6L
41 .90
42.34

41.24
41.58
41.25
41.38
41 07

60.87
63.69
63.95
66.83
67 16

Aug. 1
8
15
22 . . . .
29

42.36
41.93
40.96
41.72
44.09

44.33
43.84
42.72
43.58
46 20

27.28
27.09
26.85
27.29
29 06

35.72
35.44
35.02
35.51
36.77

56.12
55.79
54 34
54.95
58 53

Sept. 6 *

i?: ::::

52.34
51.95
52.61
52.79

55.17
54.78
55.59
55.84

42.05
42.04
43.37
43.37

40 85
40.46
40.08
39.87

67. 35^
66.69
68.82
69.61

Sept. 5
12:::::
\9
26

44.42
45.09
44.81
45.33 ,

46.54
47.30
47.06
47.81

29.39
29.94
30.02
30.84

37.00
37.30
36.71
36.32

59 30
59.98
60.25
60,40

Oct. 4
tl
18
25 .. .

51.70
51.75
53 36
54.45

54 62
54.71
56 35
57.30

42 38
42.27
43 27
43.82

39 28
39.13
40 41
41,82

68 26
68.66
72 30
73.88*

Nov. 1 . . . .
8
15
22
29

54.49
54.67
54.76
53.43
52.19

57.46
57.69
57.78
56.40
55.14

43.65
43.88
43.32
42.28
40.44

41.62
41.75
42.17
41.17
40.12

74.06
73.76
72.78
70.45
68.94

Oct. 3
10
17
24
31

46 . 22
47.16
46 05
45.53
45.34

48 88
50.04
48 81
48.33
48.22

32 85
33.51
32 52
31.93
31.14

36.42
36.65
36.06
35.67
35.49

60 81
61.40
59 55
57.82
56.60

Nov. 7
14
21 . . . .
28

53.58
54.84
54.55
56.17

48.57
48.65
47.84
48.84

31.36
31.43
30.67
31.25

36.23
36.82
36.49
37.09

57.32
57.50
56.67
57,68

Dec, 6
13
20
27

51.53
50.55
50.38
50,74

54.55
53.55
53.46
53.84

39.16
37.57
36.90
37.37

39.32
38.57
38.25
38.60

68.15
66.88*
66.20
66.33

Dec. 5 . . . . .
12
19
26

48.03
48.87
48.87
49.09

50.72
51.66
51.54
51 .68

32.86
33.53
33.24
33.53

38.95
39.43
39.99
40.32

60.46
61.36
61.26
62.49

Week ending
1969-=Jan. 4
11
18
25
Feb. 1
8
15
22 ..

12
:
19

20
27

Digitized for FRASER


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

Week ending

ir::*
18

785

MONEY RATES AND SECURITIES MARKETS


12.18

PRICE INDEXES OF COMMON STOCKS: AMERICAN STOCK EXCHANGE


A. ANNUALLY AND MONTHLY, 1963-70
[June 30, 1965 10.90]

Period

Index

8.52
9,81

1963
1964
1965. .
1966
1967
1968
1969

12,05
14,67
19,67
28,27
28,83

1970.

22,59

Period

Index

1961 JanFeb.
Mar,
Apr,
May
June
July
Aug.
Sept
Get
Nov,
Dec.

1964 -Jan
Feb.
Mar.
Apr, . .
May. . . .
June.
July
Aug.
Sept.,
Get
Nov
Dec

Period

Index

Period

Index

7.81
8.00
7.89
8.12
8.47
8.69
8.59
8.69
9 . 09
9 12
8.95
8.81

19 65-= Jan.
Feb.
Mar, .
Apr
May
June
July
Aug
Sept.
Oct.
Nov..
Dee. . .

10.81
11,20
11.62
12.06
12.33
11.46
11.18
11.60
12.10
12.70
13.33
14.25

1967 Jan.
Feb. . .
Mar..
Apr
May
June
July
Aug..
Sept.
Oct. .
Nov..
Dec

9.22
9.25
9.40
9.55
9.49
9.44
9.84
9.85
10.14
10.46
10.56
10.54

1966 Jan
Feb.
Mar,.
Apr. . .
May
June
July
Aug.
Sept.
Oct. .
Nov. . .
Dec. .

15.06
15.69
15.45
16.65
15.37
15.41
15.41
14.45
13.43
12.47
12.99
13.67

Period

Index

14 83
16.30
17.18
17,66
18,63
19.28
20.79
21.25
22 05
22,64
21.83
23.57

1969

Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Get
Nov
Dec

32 15
It .67
29.92
30,14
31.12
29.14
27,01
26.44
26 57
27 48
27 97
26 32

1968Jan...
.
Feb. .
Mar.
Apr. . .
May .
June . . . . . .
July
AUK
Seat.
Oct.
Nov. .
Dec.

24.95
23 43
22.21
24.39
27 17
29.20
29 18
28 38
29 75
30 76
36 24
32.96

1 9 70= Jan
Feb
Mar
Apr
May
June
July

26.48
25 61
25 15
23 57
20.92
20 81
20 11
20 39
21 72
22 39
21 73
22.19

Week ending

Index

Week ending -

'

Sept
Get
Nov
Dee

B. WEEKLY, 1963-70
[June 30, 1965 = 10.90]
:

Week ending

Index

1963 Jan.

5
12. . . .
19....
26....

7.34
7,74
7.86
7.95

Feb.

2,...
9. . . .
16....
23 . . . .

Week ending

Index

Sept. 7 . . .
14...
21. . .
28. ..

9.03
9.07
9.17
9.08

8.00
8.00
8.02
8,03

Get,

5...
12.
19. . .
26. . .

9.06
9.04
9.15
9.20

Mar. 2 . . . .
9. . . .
16
23
30. . . .

7,92
7,89
7.91
7.87
7.92

Nov. 2. . .
9. ..
16...
23. ..
30...

9.12
9.05
9.09
8.80
8.76

Apr.

6....
13
20
27

7.98
8.09
8.12
8.22

Dec.

7 . ..
14. ..
21...
28...

8.88
8.83
8.74
8.75

May

4
11
18
25. . . .

8.29
8.38
8.49
8.55

1964 Jan.

4. . .
11. ..
18. ..
25...

8.94
9.18
9.32
9,27

1. . . .
8
15
22
29

8.59
8.68
8.72
8.72
8.63

Feb.

I ...
8...
15. . .
22. ..
29...

9.18
9.14
9.27
9.28
9.33

6
13
20
27

8.59
8.69
8.64
8.50

Mar. 7 . . .
U. . .
21...
28...

9.36
9.37
9.43
9.45

Aug. 3
10
17
24
31

8.51
8.56
8.67
8.73
8.85

Apr.

9.50
9.58
9.60
9.58

June

July

Digitized for FRASER


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

1963

4...
11...
18...
25. ..

Week ending

Index

Index

1964 May 2. . .
9...
16...
23. ..
30. ..

9.41
9.47
9.50
9.50
9.52

1965Jan.

2. ..
9. . .
16. . .
23...
30...

10.32
10.52
10.75
10.90
11.07

1965 Sept. 4 . . .
11...
18...
25. ..

11.88
12.05
12.12
12.15

June 6. .
13...
20. ..
27. ..

9 41
9.32
9.43
9.55

Feb.

6
13. ..
20...
27...

11 18
11.12
11.16
11.37

Oct.

9
16:::
23...

30...

12.23
12 35
12:68
12.94
12.94

July

4...
11. ..
18...
25. ..

9.63
9.77
9.85
9.91

Mar. 6 . . .
13. ..
20...
27. ..

11.50
11.56
11.68
11.70

Nov. 6 . . .
13...
20...
27, ..

13.04
13.19
13.39
13.52

Aug.

1...
8. ..
15. ..
22. ..
29. ..

9.88
9,78
9.85
9.89
9.88

Apr.

3. . .
10...
17. ..
24...

11.72
11.86
12.04
12.18

Dec.

4...
11 . .
18...
25 . ,

13.82
14.05
14.46
14.43

Sept. 5 . . .
12...
19...
26. . .

9.94
10.08
10.15
10.22

May

1 ...
8...
15. ..
22. ..
29. ..

12.28
12,33
12.37
12.39
12.23

1966 Jan,

1 ..
8 .,
15. . .
22, . .
29 . ,

14,32
14.59
14.91
15.22
15.44

Get.

3...
10. . .
17. ..
24...
31. ..

10.34
10.40
10.46
10.52
10.50

June

5...
12. ..
19.. ,
26. ..

12.05
11.71
11.39
11.27

Feb.

5 ..
12. . .
19. ..
26. ..

15.33
15.61
15.90
15,84

Nov. 7 . . .
14. ..
21. ..
28. ..

10.52
10.52
10.62
10.61

July

3...
10...
17. ..
24. . .
31 . ..

10.86
U.15
11.28
11.18
11.18

Mar. 5. . ,
12

19.' ::
26..,

1 5 . 68
\ 5 . 39
15.11
15.51

Dec.

10.46
10.36
10.31
10.36

Aug.

7. . .
14...
21...
28. , .

11.40
11.55
11.64
11.72

Apr.

2...
*>. . .
16. . .
23
30...

15.74
16.19
16.72
16.91
16.86

786

5. . .
12. . .
19. ..
26. . .

2...

MONEY RATES AND SECURITIES MARKETS


12.18 PRICE INDEXES OF COMMON STOCKS: AMERICAN STOCK EXCHANGEContinued
B. WEEKLY, 1963-70 Continued
[June 30, 19J65 = 10.90]
Index

Week ending

Index

3 ..
10. . .
17. . .
24. ..
31 ...

30.62
31.19
31.32
31.08
30.98

1970 May 2. . .
9. . .
16. . .
23. ..
30. ..

21.96
21.63
21.26
20.56
19.99

June 7. . .
14. . .
21 ...
28. .,

30.74
29.73
28.56
27.78

June 6. . .
13. . .
20. ..
27. ..

21.19
20.91
20.91
20.51

28.96
29.99
29.81
28.58

July

5...
12...
19. . .
26. . .

28.25
27.91
27.07
26.49

July

4. . .
11 . . .
18. . .
25. ..

20.05
19.79
20.03
20.25

Aug. 2. . .
9. . .
16. ..
23...
30...

25.49
26.22
26.15
26.73
26.72

Aug.

31. . .

27.71
27.93
28.46
28.74
28.71

1. . .
8. . .
15. ..
22. ..
29. ..

20.44
20.39
20.12
20.14
20.78

Sept. 7. . .
14. . .
21. ..
28. ..

29.08
29.50
29.87
30.32

Sept. 6. . .
13. . .
20. . .
27...

26.56
26.33
26.64
26.76

Sept. 5 . . .
12. . .
19 . . .
26. ,.

21.11
21 .48
21 .62
22.00

5. . .
12. . .
19. ..
26...

30.75
30.60
30.82
30.96

Oct.

4...
11. .
18. ..
25. ..

26.53
26.58
27.42
28.15

Oct.

3...
10. . .
17 . . .
24. ..
31. ..

22.61
22.80
22.51
22.12
21.99

Nov. 2. ..
9. . .
16. . .
23. ..
30. ..

30.58
30.36
31.02
31.58
32.25

Nov.

1 ...
8. . .
15. . .
22. ..
29. ..

28.34
28.45
28.44
27.69
27.14

Nov. 7 . . .
14. . .
21. ..
28

22.98
21.87
21.46
21 54

Dec.

Dec.

6...
13...
20. ..
27. ..

26.82
26.26
26.15
26.11

Dec.

21 '.'.'.
28. ..

32.69
33.12
33.19
33.01

21.99
22.10
22.03
22.21

1969 Jan.

4. . .
11...
18. . .
25...

32.78
31.71
31.61
32.35

1970 Jan.

24.62
23.74
22.97
23.40

Feb.

I ..
8. . .
15. ..
22. ..

32.65
32.64
32.60
31.47

3. . .
10. ..
17. . .
24. . .
31. ..

26.32
26.95
26.71
26.42
25.81

Mar. 2. . .
9. . .
16. . .
23...
30. . .

22.95
21.97
22.39
22.22
22.20

Mar

1...
i 8...
15. ..
22. . .
29. ..

30.14
29.94
29.73
29.76
30.25

Feb. 7 . . .
14. ..
21 ...
28. ..

25.54
25.60
25.59
25.71

Mar. 7 . . .
14. . .
21. ..
28. ..

25.69
25.30
24.81
24.78

Apr.

23.03
23.70
24.55
25.35

Apr. 5 . . .
12. . .
19. . .
26. ..

30.36
30.12
30.10
29.90

Apr.

25.02
24.56
23.68
22.90

Week ending

Index

Week ending

Index

20 ' .' !
27. ..

18.50
18.58
18.81
18.74

1968 May 4. . .
11...
18...
J25...

26.19
26.69
27.09
27.38

15.14
15.12
15.53
15.71

June 3. . .
10...
17. ..
24. . .

18.33
18.45
19.34
19.80

June

15.43
15.58
15.62
15.49
15.00

July

1 ...
8...
15. . .
22. . .
29. ..

19.91
20.30
20.71
20.95
20.96

29. ..

2
9....
16
23
30....

28.24
29.21
29.66
29.16
28.77

6. ..
13. . .
20. . .
27. ..

Aug. 6 . . . .
13
20
27

14.80
14.94
14.70
14.02

AU

M...
19. . .
26. ..

21.40
21.51
21.20
21.04

Aug. 3. . .
10. . .
|1 7 .

Sept. 3
10
17
24

13.36
13.23
13.58
13.51

Sept. 2. . .
9. . .
16. ..
23...
30...

Oct

Oct.

15
22
29

13.35
12^50
12.32
12.54
12.49

21.13
21.48
21.90
22.28
22.57

7...
14. . .
21. ..
28. ..

22.87
22.87
22.60
22.33

Oct.

Nov. 5
12
19
26

12.63
12.87
13.14
13.07

Nov. 4 . . .
11 ...
18. . .
25. ..

22.16
21.86
21.47
21.69

Dec.

3
10
17....
24
31

13.24
13.47
13.77
13.85
13.76

Dec.

2...
9. . .
16...
23. ..
30 . . .

22.33
22.96
23.53
23.84
24.30

7
14. . . .
21
28 . . . .

13.94
14.54
15.02
15.46

1968 Jan.

6...
13. . .
20. ..
27. ..

24.40
24.79
25.51
25.08

Feb. 4
11
18
25

15.85
16.13
16.46
16.54

Feb.

3...
10. . .
17. . .
24...

Mar. 4
11
18
25

16.59
16.97
17.20
17.39

Apr.

17.51
17.36
17.33
17.85
18.10

Week ending

Index

1966 May 7
14
21. . . .
28

16.31
15.43
14.64
15.15

June 4. . . .
11
18
25
July

1967 Jan.

8 ; '. '.'.

1
8
15. . . .
22
29

Digitized for FRASER


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

1967 May

6. . .

6. . .
13...
20. ..
27. ..

1 ...
8...
15...

22

July

787

Week ending
1969 May

4...
11...
18. . .
25. ..

5...
12. ..
19. ..
26. ..

MONEY RATES AND SECURITIES MARKETS


12.19

STOCK YIELDS, 1926-70


[Per cent per annum]

Dividen d/ price
ra io
Period

Preferred

Common

Earnings/
price
ratio,
common

Dividend/ price
ratio
Month

Preferred

Earnings/
price
ratio,
common

Dividen d /price
ra lio
Month

Earnings/
price
ratio,
common

Preferred

Common

5.67

1934 Jan
.
Feb
Mar
Apr.
M a y . . . . ...
June
July....
Aug
Sept....
Oct........ . . .
Nov.
Dee. . . .

5.66
5.46
5.40
5,33
5.28
5.24
5.16
5.18
5.28
5 32
5.16
4.99

3.36
3.10
3.33
3 25
3 58
3.55
3.67
4.00
4 21
4 22
4.14
4,25

'7.5i

1935=- J a n . . . . .
Feb.
Mar....
Apr
.......
May
June
July . .
Aug.... . . . . . . .
Sept. .
Oct..
Nov. .
Dee
...

4.90
4.85
4.81
4.69
4,56
4. 55
4.55
4,54
4.56
4,59
4.53
4.43

4.24
4.24
4.51 "8.62
4.35
4 00
7.92
3.82
3 58
3.48
3.51 <L56'
3.50
3 24
3.38
5.81

4.40
4.36
4 31
4.30
4.34
4.33
4.31
4.29
4.32
4,34
4.35
4.26

3.27
3.14
1 11
1 19
3.46
3.51

6 33

1936 Jan....
Feb. . .
Mar.
Apr. . . .
May. . . . . . . . . .
June . .
July
Aug. . . .
Sept.
Oct
Nov...........
Dec

7, SI

1937- -Jan. ..... .


Feb. .
Mar.... . . .
Apr
May...
J une
July....
Au<.
Sept,. . . . . . . .
Oct.
Nov. . . . . . . . . . .
Dec.

4.18
4.21
4.40
4.52
4.57
4.51
4.51
4.46
4.47
4.51
4.55
4.47

4.14
3 81
3.47
3.74
4.04
4.41
4.18
4.23
5.06
6.01
7.01
7.94

1938- J a n . . . . .
8.22
Feb, . . . . . . . . . .
8.04
Mar.,..
7.16
Apr.
9.13
May .
9.57
June. . . . . . . . . .
10.30
8.85
July
Aug
.
5.65
Sept.. , .
4.94
Oct.
5.73
Nov.
5.84
Dec
5.68 "s!95"

4.45
4,43
4.49
4 54
4.46
4.43
4.35
4.28
4.23
4.20
4.12
4.15

1939 J a n . . . . . . . . . . . .
Feb. .
Mar,. . . . . . . . . .
Apr. . .
May
June. ...
July . . . .
Aim. .
Sept
Oct.....
Nov.
Dee.

4.12
4.U
4.13
4,16
4.14
4.10
4.05
4,07
4.49
4.47
4.24
4,14

Common
i

1926 1927
1928
1929

5.78
5 SI
5.12
5 12

4.94
4.76
3.98
3.47

9.19
6.29
5.67
7.51

1930
1931
1932
1933
1934

4.95
5.04
6.13
5.75
5.29

4.51
6.15
7.43
4.21
3.72

6.33
7.51
5.95
4.36
5.16

4.63
4.33
4.45
4.34
4.19

3.82
3.44
4.86
5.18
4.05

7.23
6.57
8.25
5.55
7.34

4.14
4.08
4.31
4.06
3.99

5.59
6.82
7.24
4.93
4.86

9.80
12.14
11.42
7.82
7.34

3.70
3.53
3.79
4.15
3.97

4.17
3.85
4.93
5.54
6.59

6.39
6.31
10.69
14.60
15.12

1950
1951
1952
1953
1954

3.85
4.11
4.13
4.27
4.02

6.57
6.13
5.80
5.80
4.95

15.20
10.89
9.56
10.36
8.93

1955
1956
1957
1958
1959

4.01
4.25
4.63
4.45
4.69

4.08
4.09
4.35
3.97
3.23

8.72
7.14
7.78
6.02
5.92

4.75
4.66
4.50
4.30
4.32

3.47
2.98
3.37
3.17
3.01

5.88
4.76
6.06
5.68
5.54

4.33
4.97
5.34
5.78
6.41

1 00
3.40
3.20
3.07
3.24

5.87
6.72
5.71
5.64
6.08

7.22

3.83

6.51

5.83
5.80
5.83
5.80
5.77
5.77
5.77
5.74
5.81
5.82
5.78
5.67

4.46
4.51
4.92
5.17
5.26
5.24
5.09
4.92
4.86
4.97
4.93
4.94 "9! 19'

5.65
5.60
5.57
5.54
5.49
5.50
5.52
5.48
5.45
5.45
5.43
5.40

5.02
5.01
5.07
4.97
4.85
4.97
4.91
4.68
4.42
4.47
4.37
4.32

1935
1936
1937
1938
1939
1940
1941
1942
1943
1944

. .

1945
1946
1947
J948
1949

. . .

....

. .

1960
1961
1962
1963
1964
1965
1966
1967
1968
1969

....

. .
. .

. . .

....

1970

. .

1926 -Jan
Feb.
Mar
Apr

May
June
July...
A.U(?
Sept
Oct.
Nov
Dec

1927 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec.

Digitized for FRASER


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

, .

1928 Jan..
Feb.
Mar
Apr
May
June
July
Aug...
Sept.
Oct.
Nov
Dee

. . .

5.33
5.24
5.11
4.94
4.96
5.05
5.10
5.12
5.15
5.22
5.13
5.11

4.31
4.39
4.20
4.05
3.93
4.13
4.14
4.01
3.78
3.72
3.50
3.60

5.07
5.09
5.09
5.10
5.12
5.16
5.14
5,17
5.14
5.15
5.18
5.06

3.36
3.38
3.31
3.35
3.37
3.38
3.16
3.01
2.92
3.33
4.54
4.48

1930 Jan.
Feb
VI a r
Apr.
May
June
July
Aug
Sept
Oct
Nov.
Dee.

5.06
5 04
4.96
4.95
4.95
4.95
4.95
4.92
4.87
4.84
4.91
4.99

4.38
4.14
3.99
3.78
4.02
4.50
4.44
4.42
4.33
5.05
5.43
5.62

1931 Jan.
Feb
Mar.
Apr.
May
June
July
Aug
Sept
Oct
Nov.
Dec.

4.96
4.90
4.86
4.83
4.83
4.87
4.86
4.84
4.97
5.38
5.43
5.75

5.50
5.12
4.95
5.43
5.95
5.96
5.66
5.74
6.51
7.28
7.06
8.68

1932 -Jan
Feb. .
Mar
Apr
May
June
July
Aug.
Sept.
Oct
Nov
Dec

5.85
5.84
5.76
6.33
6.57
6.88
6.72
6.09
S.85
s.86
5.87
5.89

1933 Jan..
Feb
Mar.
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dee

5.75
5.81
6.07
6.12
5.95
5.68
5.53
5.50
5 47
5.55
5.74
5 78

1929- Jan.
Feb. .
Mar.
Apr
May
June
July
Aug.
Sept
Oct,
Nov
Dec.

6.29

788

5.42
6.04
6.18
5.47
3.90
3.20
2.95
3.19
1 HO
3.59
3.65
3.59 "4.36

"s!i6*

5.90
7.89

1 17

3.40
1 56
3.41
3.52
4.36

6.68
5.82

7,14
9,09
9.74

"7!6f

7.84
7.52
6.02 "6Ai'
5 84
5.68
4.93
5.40
4 15
4.26
4.66
4.30
1,77
1 59
6.11
3.58
1.49
1 61
1.69
4.21
4 2S
4.33
4.26
4.33
3.91
1.87
4.12
4.54

7.47
7.27
6.14
8.49

MONEY RATES AND SECURITIES MARKETS


12.19 STOCK YIELDS, 1926-70Continued
{Per cent per annum]
.
j
Dividend/price
ratio
Month
Preferred

Common

1940^-Jan
Feb
Mar
Apr
May
June
July
AUG
Sent,
Oct
Nov. , .
Dec

4.0V
4.10
4.13
4.11
4.21
4.38
4.22
4.19
4.15
4.10
4.08
3.97

4.58
4.65
4.70
4.73
5.69
6.31
6.08
6.11
5.95
5.92
5.98
6.37

1941 Jan
Feb
Mar
Apr
May
June . . .
July
Aug
Sept
Oct
Nov. .
Dec

3.94
4.05
4.08
4.10
4.15
4.15
4.05
4.02
4.04
4.07 1
4.01
4.15

6.38
6.61
6.52
6.77
6.91
6.79
6.43
6.51
6.56
6.90
7.37
8.13

1942^Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4.21
4.24
4.38
4.52
4.48
4.40
4.32
427
4.27
423
4.23
4.19

7.88
8.05
8.15
8.47
8.21
7.37
7.07
698
6.67
6.18
6.00
5.84

1943

Jan
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

4.17
4.10
4.08
4.08
4.07
4.03
3.98
3.97
3.98
4.00
4.06
4.14

5.54
5.21
5.04
4.86
4.69
4.64
4.57
4.78
4.79
4.84
5.07
5.07

1944 Jan
Feb
Mar
Apr
May
June
July
Auc
Sept
Oct
Nov
Dec

4.09
4.06
4.04
402
4.04
3.98
3.94
3.96
3.95
3.95
3.92
3.87

4.95
4.99
4.88
4.97
4.99
4.81
4.68
4.77
4.9 1
4.75
4.82
4.77

1945 Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

3.82
3.78
3.73
3.67
3.66
3.67
3.69
3.72
3.75
3.72
3.64
3.59

4.60
4.43
4.48
4.36
4.21
4.12
4.21
4.27
4.01
3.85
3.73
3.71

Digitized for FRASER


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

Dividend /price
ratio

Earnings/
price
ratio,
common

Month

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

4.03
3.99
4.01
4.15
4.22
4.17
4.16
4.24
4.39
4.42
4.56
4.63

4.24
4.24
3.97
3.94
4.09
4.09
3.89
3.92
4.07
4.12
4.27
4.24

1957 Jan
Feb
Mar
'11.86"
Apr
May
June
'11.93"
July
AUE
Sept
9.54 '
Oct
Nov
Dec
' 16.23 '

4.51
4.47
4.46
4.47
4.53
4.69
4.75
4.83
4.79
4.80
4.78
4.49

4.31
4.54
4.47
4.36
4.18
4.04
3.95
4.17
4.31
4.54
4.67
4.64

1949 Jan
Feb
Mar
Apr
May
June
July
AUB
Sept
Oct
Nov
Dec

4.09
404
4.07
4.07
4.04
3 98
3 97
3 90
3,85
3 88
3.89
3 88

6.20
6.54
6.57
6.65
6.72
7.09
6.73
6.54
6.36
6.26
6.61
6.75

1955 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1950

3 83
3.84
3.81
3.82
3.82
3.85
3.92
3.85
3 85
3 88
3.88
3.89

6.65
6.62
6.53
6.36
6.16
6.12
6.63
6.54
6.65
6.39
6.97
7.24

' 16.S3 '

3.87
3 87
400
4 11
4.15
4 17
4.20
4.13
4 16
4.19
4.23
4 28

6.34
6.20
6.34
6.27
6.23
6.30
6.25
5.96
5.75
5.77
6.18
5.99

10.36

1L09
11.64
12.59

"4.78"

4.38
4.32
4.33
4.19
4.23
4.01
3.72
3.87
3.72
3.94
4.05
4.15

1954 Jan
Feb
Mar
13.46
Apr
May
June
13.21
July
Aug
Sept
' i s . 24 '
Oct
Nov
Dec
16.50

1948

"s.'sV

3.98
4.00
4.01
3.98
3.99
3.98
3.96
4.01
4.06
4.04
4.01
4.05

5 71
6.01
5.90
5.50
5.32
5.02
4.96
5.17
5.29
5.29
6.09
6.24

11.05

7.3*5 "

5.69
5.62
5.46
5.24
5.02
4.99
4.77
4.63
4.57
4.43
4.52
4.45

4 13
4.18
4 12
4 12
4.08
4.05
4.13
4.20
4.20
4.28
421
4.15

12.35

7.92 '

4.15
4.08
4.04
4.02
4.03
4.05
404
4.01
3.98
3.93
3.92
3.93

'ii.'o's"

Jan
Feb
Mar
Aor
May
June
11
July
Y
"
Aug
Sept
Oct
Nov
Dec

"l2.S9'

7.00 '

5.45
5.52
5.48
5.75
5.77
5,99
5.90
5.87
6.14
5.99
5.92
5.83

449
4.38
4.61
4.75
5 05
5.03
481
4.97
5.16
5 10
5.24
5.55

12.55

7.20

4.16
4,21
4,23
4.33
4.38
4.47
4.37
4.30
4.30
4.19
4.15
4.20

3 74
3.71
3.72
3.75
3 76
3.76
3 72
3,71
3.72
3 86
4.01
4.07

1947

7.16

5.82
5.99
5.94
5.96
5.99
5.83
5.65
5.66
5.74
5.89
5.69
5.47

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

"9.54"

7.99

4.26
4.22
4.16
4.07
4.04
4.04
4.09
4.12
4.12
4.16
4.12
4.11

3.56
3.62
3.72
3 51
3.48
3.53
3.62
3.65
4.21
4.33
4.50
4.47

9.19

7.03

Common

3.54
3,49
3.45
3 42
3.47
3,46
3.43
3.44
3.57
3.65
3.70
3.76

10.82

7.86

Preferred

Common

1946

7.94 '

Month

Preferred

9.63

8.46

Dividend/price
ra io

Earnings/
price
ratio,
common

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

Jan
Feb
Mar
Apr
May
June
July
A
"8
Sent
Oct
Nov
Dec

1951 Jan . . . .
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

Jf

i"
'

I
\..

,>..
i
..

789

1952 Jan
Feb
Mar
Apr
May
June
4.99 '
July
Aug
Sept
7.49
Oct
Nov
Dec
8.95
3.82

' io.'s'i" '


10.45
10.46

15.87
is. 9 5

' ii.'s's '


13.77

1953 Jan
Feb
Mar
Apr
Mar
June.
July
Aug
Sept
Oct
Nov
Dec

1956
15.22

' 15.58' '

ii.is

....

....

. ..

. ..

Earnings/
price
ratio,
common

"9.73"
9.09

"9.74"
"9.6?"

9.69 '
16.53
11.35

"9.87"

"9.54"
9.42
8.48
8.26

9.18
9.04
8.61
8.03

7.67
7.26
*

6.46

"MS"
8,28
7.33
7.50
8.00

MONEY RATES AND SECURITIES MARKETS


12.19 STOCK YIELDS, 1926-70Continued
[Percent per annum]
l

Dividerid/price
ra tio
Month

Preferred

Common

Earnings/
price
ratio,
common

1958 Jan
Feb
Mar...........
Apr
May
June
...
July
Aug.
Sept,.
Get
Nov
Dec.

4.36
4.38
4.42
4.37
4.31
4.28
4.36
4.4S
4.58
4.64
4.65
4.63

4.48
4.47
4.37 "6i39'
4.33
4.19
4.08
5.88
3.98
3 78
3.69
5.93
3.54
3.42
3.33
5.87

1959 -Jan
Feb
Mar
Apr
Mav
June
July
Aug. . .
Sept
Get...
Nov
Dec.

4.54
4.52
4.48
4.51
4.68
4.79
4.75
4.70
4.80
4.81
4.81
4.85

3.24
3.32
6.35
3.25
3.26
3.21
3.23 6.'53"
3.11
3.14
5.50
3.26
3.26
3.24
5.28
3.18

4.87
4.82
4.76
4.71
4.75
4.74
4.70
4.61
4.69
4.75
4.78
4.84

3.27
3.44
3.51
3.47
3.51
3.40
3.49
3.43
3.55
3.60
3.51
3.41

1961 Jan
Feb
Mar. .
Apr
May
June
July
Aug
Sept
Get
Nov.
Dec

4.73
4.68
4.66
4.67
4.63
4.66
4.69
4.69
4.69
4.62
4.59
4.64

3.28
3.13
3.03
2.95
2.92
2.99
2.99
2.91
2.93
2.91
2.83
2.85

4.86

1962 Jan
Feb.
Mar..
Apr.

4.59
4.52
4.48
4.45

2.97
2.95
2.95
3.05

' 'slos'

1960 -Jan.
Feb. .
Mar....
Apr.
May
June
July
Aug. . .
Sept...
Get
Nov
Dec. . .

Digitized for FRASER


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

. .

...

6.36

"h'.si
5.98
5.33

4.41

4.93
4.84

Dividend/price
ratio
Month

1962 -Mav
June
July
Aug
Sept
Oct.. .
Nov.
Dec
1963 Jan.. .
Feb
MoiApr.. .
May
June .
July
Aug. . .
hept.
Oct.
Nov
Dee.

Pa1fer red

. ....

Conimon

4 4^
3 12
4.52 , 3.78
6.54
4.59
1.68
4.55 1 3.57
4.50
3 . 60 "6i33"
4.49
3.71
4.4^
3 50
4.42
3.40 "6! 28*

4.34
4.2?
4.24
4.31
4 29
4.29
4.34
4.30
4 30
4.26
4 28
4.32

3.16
3 20
3 13
1 06
1: 3.05
114
3.13

1964 Jan
Feb.
Mar...
Apr
May
June
July
Aug.
Sept
Get.
Nov
Dee.

4.32
4.31
4.34
4.37
4.41
4.41
4.37
4.29
4.25
4 25
4.25
4.23

3.06
3.05
3.03
3.00
3.01
3.05
2.96
3.03
3.00
2 9S
2.96
3.05

1965 Jan.
Feb
Mar.
Apr
May
June
July
Aug.
Sept.. . .
Get..
Nov
Dec

4.18
4.22
4.26
4.28
4.30
4.38
4.38
4.34
4.32
4.38
4.41
4.47

1966 Jan
Feb
Mar
Apr
May.
June
July
Aug

4.51
4 63
4.83
4.78
4.83
4.93
5.00
5,8

...

790

Kirnings/
price
ratio,
common

3 11
i 3.27
1 3.28
! 3.15

3 n

Divide id /price
\\\ tio

PrefciTOi'

5.51
5.68
5.60
5.36

Jan
f-Vh

Mir
Apr
May
June . . . . . = o
July
Aug. . . . . .
Sept
Oct. . .

5.79

5.62

1966 Sept
Oct. . . . . . .
Nov
Dec
1967

5.60

5 69

pl'LCf

Month

i;

Nov

rvr.

1968 Jan . .
Feb
MatApr.
Mv . . . . . . . .
June
Julv . . . . . . .

Aim...........

Sept. . . . . . . . . . .
Oct.
Nov....... .
Dec.

1969 Jan.

Feb.

MaiApr.
Mav
June
July
Aut?.
Sept
Oct.
Nov
Dec.

...

2 99
2.99 , . . . .
. .
2.99
5.65
2 95
.....
.
2 92 3.07
..
6. 28
3 09
3.06
2.98
5.85
2 91 . . . . . . . 19*H) = Jan. . . .
2.96
Feb
3.06
Mar. . .
5.68
Apr
.
3 02
Muv
3 06
June
3.23
6.13
Julv
3.15
Aug. . . . . . . . . .
3.30
Sept.,

3.36
6.80
Oct
3.37
Nov.
3.60
Dec. . . . . . . . . . .

Famings/

S "^

5.28
S 21
S 2-1
5.117
4.98
S 04
s 01
S 17
s.30
5.34

s.is
S 4)

S . S',)
5.7M
S.MS

5 70
S 6S

s so

s.&6
S.92
S 90
s.?4
S S9
5.63
5 76

VH!
5 91

rat^o,
Com- common
mon
1 7S | 7 . 1 8
3,76
3 . 66
^ S9 "f^ii"

1.51
3.36
1 29
1 24
3 19
3>>
3.15
3.11
3.07
1.07
1.18
1 09
1 13
1 28
1 14
M2
1 07
1,00
1 . 00
3.09
3.01
2.94
2.92
2 93

' ' s ' Att '


5.8
5.61
5.74

e.io
Sm
5. 68
5 70

5 91
5.94
6 09
6.14
6 20
6.31
6 42
6.44
6 61
6,79
6 84
7.19

3 . 06
3.10

7.01
7.04
6 97
6.98
7.26
7 57
7 62
7.41
7.31
7 11
7.30
6.88

1,56
1 68
1.60 !' 5 78
3 . 70 ? . . . .
.
4.20
7 ^ti
4 17
4 20
4.07
.1 . 82
6.34
1 74
1.72 :
3.46
5.4H

i n

i.n

3.02
3.18
1 14
1.37
1 11
3.33
1 11
3 . 52

S fi*

6.03
6.49
6.03

M^NEY RATES AND SECURITIES MARKETS


12.20

TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME


A.

ANNUALLY AND jtfONTHLY, 1941-70


[In millions oT shares]

Year

Total

Jan.

Feb.

Mar.

Apr.

M ly

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

1941
1942
1943
1944

171
126
279
263

13
13
18
18

9
8
24
17

10
9
37
28

11
8
34
14

10
7
35
17

10
7
23
38

18
8
26
28

11
7
14
21

14
9
15
16

13
16
14
18

15
13
18
18

36
19
20

1945
1946
1947
1948
1949

378
364
254
302
272

39
52
24
20
19

33
34
24
17
17

27
26
19
23
21

28
31
21
35
19

33
30
21
43
18

41
21
17
31
IS

20
21
25
25
19

22
21
14
15
22

25
43
16
24

35
30
29
20
29

40
24
16
28
27

34
30
28
28
39

1950
1951
1952
1953
1954

525
444
338
354
573

43
70
37
34
33

33
41
27
30
33

40
36
30
42
44"

48
34
29
34
44

42
38
74
26
42

46
27
26
26
42

45
28
24
22
52

38
34
21
24
57

39
36
24
26
41

48
43
26
26
44

43
26
30
27
64

60
30
41
36
76

1955
1956
1957
1958
1959

650
556
560
747
820

75
47
48
50
83

61
46
38
40

54
54
48
50
76

45

66

67
60
36
47
82

S3
<i4
71

58
37
44
57
64

48
46
48
69
71

42
45
41
62
51

60
37
37
72
58

42
40
64
95
61

46
44
48
74
65

51
46
54
76
72

1960
1961
1962
1963
1964

767
1 ,021
962
1 ,146
1 ,237

64
89
81
101
117

61
93
66
79
88

66
118
68
75
114

57
102
65
107
124

69
97
111
105
99

77
73
100
91
96

54
61
74
76
103

65
82
77
92
82

61
64
63
107
110

54
73
79
122
107

62
88
96
94
94

77
82
81
99
104

1965
1966
1967
1968
1969
1970

1,556
1 ,899
2,530
2,932
2,851
2,937

109
183
208
263
267
221

112
166
183
174
210
218

125
192
225
193
199
213

119
186
188
296
237
223

110
171
719
292
?S7
^58

128
141
213
257
235
226

85
120
217
242
228
228

109
162
208
194
202
219

155
120
205
228
219
303

164
146
225
272
310
262

147
146
212
252
214
230

191
166
230
268
272
335

Digitized for FRASER


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

<n

1791

18

31

MONEY RATES AND SECURITIES MARKETS


12.20 TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME Continued
B. WEEKLY, 1934-70
[In thousands of shares]
Week,
ending

Daily
average

Week
ending

Daily
average

Week
ending

838
790
979
725
547

!936 May 2 . . .
9.. .
16...
23...
29...

2,075
1,121
939
891
1,002

1937 July 2 . . .
!0...
17...
24...
31...

766
1,249
936
,121
838

1938 Sept. 3 . . .

763
984

June 6. . .
13...
20...
27...

781
,031
,048
,179

Aug. 7.. .
14...
21...
28...

892
878
778
762

994
1,448
1,676
1,267

July

3...
11...
18...
25...

,022
,331
,765
,575

Sept. 4 . . .
11...
18...
25...

June 1 . . .
8...
15...
22...
29. . .

1,607
852
1,178
1,370
!,01l

Aug. 1 . . .
8...
'- 1 5 . . .
22...
29...

,892
,435
,330
,121
,190

July

6...
13...
20. . .
27...

1.000
1,292
1,279
1,520

Sept. 5.. .
12...
19...
26...

Aug. 3.. .
10...
17
24...
31...

1 ,985
1,982
? 263
2,135
1,466

Sept. 7 . . .
14.. .
21...
28...

Week
ending

Daily
average

Week
ending

1934 Jan. 6 . .
13..
20..
27..

1,339
1,435
3,597
2,928

Feb. 3-. .
10..
17..
24..

4,031
4,581
2,727
2,350

1935 Mar. 2 . . .
9. . .
16...
23.. .
30...

uoo

Mar. 3..
10..
17..
24.,
31..

,691
,452
,452
,342
,385

Apr. 6. . .
13...
20...
27...
Mav 4 . . .
11. . .
18...
25...

Apr. 7..
14. .
21..
28..

,476
,390
,607
,302

May 5..
12..
19..
26..

,423
,931
,169
648

June 2. .
9..
16..
23..
30..

617
925
921
753
611

July 7 . .
14..
21..
28..

473
572
850
2,208

Aug. 4. .
11,.
18..
25..

715
933
645
831

Sept. 1 . .
8..
15..
22,.
29..

583
573
677
656
751

Oct. 6..
13..
20..
27..

634
1,005
664
813

Nov. 3 . .
10..
17..
24.. .

566
,157
,280
,065

Dec. 1..
8..
15..
22..
29..

,215
,272
,084
,019
,383

1935 Jan. 5..


12..
19..
26..

,105
,263
897
648

Feb. 2..
9..
16..
23..

634
584
558
1,305

Digitized for FRASER


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

Daily
average

Daily
average

Week
ending

Daily
average

766 1939 Nov. 4 . . .


11...
749
1,564 i
18...
25...
1,025

1,330
1,272
801
744

Oct. 1 . . .
8...
(5...
22...
29...

1,556
1,970
2,246
2,407
1,841

741
784
849
851
1,186

795 :
2,316
1,552
1,652

Nov. 5 . . .
12...
19...
26...

1,192
2,603
1,580
1,080

Oct. 2 . . .
9...
16...
23...
30...

,401
,412
2,464
4,516
2,282

Dec.

3...
10...
17...
24...
31...

1,027
940
1,498
1,218
1,885

,341
,683
,246
,712

Nov. 6 . . .
13...
20...
27...

,562
,686
,526
,618

1939 Jan, 7 . . .
14...
21...
28...

Oct. 3 . . .
10...
17.. .
24...
31...

1,801
2,607
2 174
1,894
1,739

Dec. 4. . .
11...
18. .
24...
31...

,234
,195
,053
,259
,735

1,810
2,202
1,952
1,188

Nov. 7 . . .
14...
21,..
28...

3,245
3,015
2,777
2,413

1938 Jan. 8 . . .
15...
22. . .
29...

,231
,446
963
1,124

Oct. 5 . . .
12...
19,..
26...

1,725
1,523
2,130
2,907

Dec. 5 . . .
12...
19...
26...

2,422
2,330
2,520
1,897

Feb. 5 . . .
11...
19...
26...

Nov. 2 . . .
9...
16...
23...
30...

2,258
3,032
3,178
3,852
2,601

2 . . . 2,206
9... 2,652
16... 3,582
2 3 . . . . 3,166
30... 2,410

Dec.

7...
14...
21...
28...

2,517
2,377
1,682
2,309

Feb. 6 . . .
13...
20...
27...

1936 Jan. 4 . . .
11...
18...
25...

2,683
3,717
3,168
2,529

Feb. I . . .
8...
15...
22...
29 ...

3,398
3,021
3,179
4,242
2,501

Mar. 7 . . .
14.. .
21...
28...
Apr. 4 . . .
11.. .
18...
25...

1,566

to...

17...
24...

Dec. 2 . . .
9...
16,..
23...
30...
6...
13...
20...
27.. .

889
872
688
637

Feb. 3 . . .
10...
17...
24...

594
761
768
814

1,452
1,101
897
1,558

Mar. 2 . . .
9...
16...
23...
30...

614
744
839
696
985

Feb. 4 . . .
1 1 ...
18.. .
25...

860
720
714
841

Apr. 6...
13...
20...
27...

1,481
1,404
1,374
941

Mar. 4. . .
11...
18...
25...

945
,133
,139
,017

May 4 . . ,

18...
25...

815
1,101
3,483
2. 114

891
671
676
995

Apr. 1 . . .
8...
15...
22...
29...

,454
J10
,329
502
582

June 1 . . .
8...
15...
22...
29...

878
534
1,116
736
731

Mar. 5 . . .
12...
19...
26...

546
702
993
1,354

May 6 . . .
13...
20...
27...

538
541
510
788

July

6...
13...
20...
27...

346
311
333
259

2,933
3,197
2,668
2,490

Apr. 2 . . .
9...
16...
23...
30...

1,501
902
1,101
881
508

June 3. . .
10...
17...
24...

610
597
511
491

3,023
2,962
2,111
1,708

May 7 . . .
14...
21...
28...

742
912
494
623

637
361
676
1,535
1,031

454
307
376
317
399

Mar. 6 . . .
13...
20...
2->...

July 1 . . .
8...
15...
22...
29...

Aug. 3 . . .
10...
17.,.
24...
31...
Sept. 7 . . .
14...
21..,
28...

878
457
464
713

Apr. 3...
10...
17...
24...

1,476
1,762
1,355
1,300

June 4, . .
11...
18...
25...

502
453
365
2,059

Aug. 5 . . .
12...
19...
26...

869
630
695
1,021

Oct. 5 . . .
12...
19.,.
26...

698
468
625
650

2,975
2,909
2,152
1.949

May 1 . . .
8...
15...
22...
29...

2,034
842
1,129
1,030
718

July 2 . . .
9...
16...
23...
30...

2,471
2,112
1,639
2,204
,622

Sept. 2 . . .
9...
16...
23...
30...

,195
4,385
3,524
1,967
1,798

Nov. 2 . . .
9...
16...
23...
30...

978
1,845
1,360
761
671

1,719
1,928
1,593
1,832

June 5. . .
12...
19...
26...

738
709
1,041
596

Aug. 6. . .
13...
20...
27...

984
1,126
677
958

Oct.

1,148
796
,266
1,436

Dec. 7...
14...
21...
28...

635
853
853
1,163

1937 Jan.

792

7...
14...
21...
28,,.

1940 Jan.

n...

MONEY RATES AND SECURITIES MARKETS


12.20

TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME Continued
B. WEEKLY, 19344-70Continued
[In thousands of shares] *-

Week
ending

Daily
average

Week
ending

Daily
average

917
787
567
325

1942 Mar. 7...,


14...
21...
28...

504
413
381
348

606
464
671
416

Apr. 4 . . .
11. . .
18...
25...

335
351
409
355

15..
22..
29..

397
390
513
521
520

May 2 . . .
9...
16...
23.,.
30...

355
339
313
411
341

Apr. 5 . .
12..
19..
26..

649
582
502
491

June 6. . .
13...
20...
27...

440
342
347
288

May 3..
10..
17..
24..
3t..

435
631
430
421
371

July 4. . .
11...
18...
25...

312
563
343
335

June 7. .
14..
21..
28..

451
612
461
551

Aug. 1 . . .
8...
15...
22...
29...

303
295
321
450
364

July 5 . .
12..
19..
26..

415
613
953

Sept. 5,. .
12...
19...
26...

314
400
424
672

16..
23..
30..

925
657
452
444
449

Oct. 3 . . .
10...
17...
24...
31...

627
966
716
680
627

Sept. 6..
13..
20..
27..

585
703
729
676

Nov. 7 . . .
14...
21...
28...

844
903
646
661

Oct. 4 . .
11..
18..
25. .

474
603
682
653

Dec. 5 . . .
12...
19...
26...

1,030

Nov. 1 . .
15..
22..
29..

616
793
917
832
944

1943 Jan. 2 . . .
9...
16...
23...
30...

Dec. 6. .
13..
20..
27..

1,168
2,000
1,379
1,707

Feb. 6. . .

|942Jan. 3..
10..
17..
24..
31..

2,084

Feb. 7 . .
14. .
21. .
28..

469
487
406
421

1941 Jan. 4 . .
M..

18..
25..
Feb. 1 . .
8..

15..
22..
Mar. 1 . .
8..

Aug. 2 . . 1
9..

8..

1,078

740
606
540
537

Week
ending

Daily
average

Week
ending

Daily
average

Week
ending

I943_May 1 . . .
8...
15,..
22...
29...

1,299
2,630
1,840
1,207
1,290

1944July 1 . . .
8...
15...
22...
29...

2,023
1,961
1,525
1.530
846

1945 Sept. 1 . . .
8...

ts...

June 5. . .
12...
19...
26...

1,434
1,072
1,011

Aug. 5 . . .
12...
19...
26...

1,149
1,038

917

July 3 . . .
10...
17...
24...
31...

1,075
1,041
1,382
1,662

Sept. 2 . . .
9...
16...
23...
30...

Aug. 7 . . .
14...
21...
28...

963
597
599
549

Sept. 4. . .
II. ..
18...
25...

Daily
average

Week
ending

Daily
average

22...
29...

,267
,285
,309
,439
,325

1946 Nov. 2 . . .
9...
16...
23...
30...

,675
,640
,\53
,194
,106

Oct. 6 . . .
13...
20...
27...

,781
,833
,867
,407

Dec. 7 . . .
14...
21...
28...

,246
,711
,420
,280

1,181

Nov. 3 . . ,
10...
17...
24...

1,927
2,237
2,385
2,051

1947 Jan. 4 . . .
11...
18...
25...

,289
,049
,201

Oct. 7 . . .
14...
21...
28...

944
740
833
930

Dec. 1 . . .
8...
15...
22...
29...

2,028
2,520
,729
,358
1,420

Feb. 1 . . .
8.. .
15...
22...

,432
,611
,329
,006

525
823
744
844

Nov. 4 . . .
11...
18...
25...

788
981
968
840

Oct. 2 . . .
9...
16...
23...
30...

631
681
592
659
844

Dec. 2 . . .
9...
16...
23...
30...

1,096
1,644
1,696
1,325
1,681

Nov. 6 . . .
13...
20...
27,..

1,002
1,471

Dec. 4 . . .
11.. .
18...
25...

754

952

960

843
700

833
728

742
647
767

1,263
2,503
2,987
2,066

Mar. 1 . . . ,095
,084
8...
15...
979
22... "
761
29... 1 906

Feb. 2 . . .
9...
16...
23...

2,632
,783
,895
2,087

Apr. 5 . . .
12...
19...
26...

1,419

,822
,064
,206
,297
,386

May 3 . . .
10...
17...
24...
31...

1,250
1,152

1946Jan. 5 . . . ,
12...
19...
26... 1

1,968
2,261
1,858
1,389

Feb. 3 . . .
10...
17...
24...

1,741
1,652
2,080
1,828

Apr. 6 . . .
13...
20...
27...

,656
,546
,607
,483

June 7, . .
14...
21...
28...

1,002
1,035

1,821
1,826
1,078
1,049

May 4 . . .
11...
18...
25...

,109
,513
,211
,393

July 5...
12...
19...
26.,.

1,151
1,340
1,305
1,192

June 1 ...
8...
15...
22...
29...

,991
,227
,141
,282
,123

Aug. 2. . - 1,155
9...
789
805
16...
23...
675
30...
672

950
989

Sept. 6 . . .
13...
20...
27...

907
902
823
990

Oct.

1,054
855
696
902
957
883
757

Mar. 3 . . .
10...
17...
24...
31...

Feb. 5 . . .
12...
19...
26...

869
772
889
993

Apr. 7. . .
14...
21...
28...

1,152
1,972
1,686

774
868
817

Mar. 4. . .
11.. .
18...
25...

1,306
1,524
1,364

824

May 5 . . .
12...
19...
26...

1,599
1,662
1,370
1,305

July

1,046
t,337
1,359
1,819

Mar. 6 . . .
13...
20...
27...

1,904
1,594
1,237
1,684

Apr. 1 . . .
8...
15...
22...
29...

1,007

20...
27...

June 2. . .
9...
16...
23...
30...

1,699
\,671
1,885
2,217
2,306

Aug. 3 . . .
10...
17...
24...
31...

1,511

7...
14...
21...
28...

1,130

1,978
2,566
1,326

692
700
771
939

July

Apr. 3 . . .
10...
17...
24...

May 6 . . .
13...
20..,
27...

Sept. 7 . . .
14...
21...
28...

June 3. . .
10...

1,098
1,210
2,330
1,761

Aug. 4 . . .
11...
IB...
25...

778

Oct. 5...
12...
19...
26...

13...

Digitized for FRASER


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

913

1,161

U68

n...

24...

892

1045 Jan. 6 . . .
13...
20...
27...

1,034

1,269

780
950

Mar. 2 . . .
9...
16...
23...
30...

1944 Jan. 1 . . .
8...
15...
22...
29...

607
669

901

790
691
796
623

7|93

917

725

984

1,149
961

1,172
1,134
1,265

6...
13...
20...
27...

,024
,193

882
754

824

705

953

794
817
919
776

4...
U...
18...
25...

1,101
1,010
1,721
1,564

2,901
2,796
2,349
1,851

Nov. 1 . . .
8...
15...
22...
29...

1,113

1,042
,739
1,596

Dec. 6 . . .
13.. .
20...
27...

1,080
1,204
1,414
1,334

960

916
871

1,016

969

MONEY RATES AND SECURITIES MARKETS


12.20

TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUME

* Continued

B. WEEKLY, 1934-70Continued
[In thousands of shares]
Week
ending

Daily
average

Week
ending-

1948Jan. 3 . .
10..
17..
24..
31..

1,205
1,055
940
1,048
932

1949 Mar. 5...


12...
19...
26...

Feb. 1..
14..
21,,
28..

1,044
1,203
768
773

Mar, 6. .
13..
20..
27..

Week
ending

Daily
average

800
920
793
856

1950 -May 6 . . .
13...
20...
27...

2,365
1,914
1,986
1,670

Apr. 2 . . .
9...
16...
23...
30...

1,332
984
928
1,065
882

June 3 ...
10...
17...
24...

779
812
1,197
1,427

May 7. . .
14...
21...
28...

956
825
888
843

Apr. 3.,
10.,
17..
24..

1,355
1,318
1,503
2,148

June 4. . ,
11...
18...
25...

May 1..
8..
15..
22..
29..

1,556
1,520
2,683
2,723
1,821

June 5 . .
12..
19..
26..

,375
,658
,698
,677

Aug. 6 . . ,
13,,.
20...
27...

1,160
1,291
1,103
805

July 3 . .
10..
17..
24..
31..

,047
,163
,585
,518
987

Sept. 3...
10,..
17...
24...

Aug. 7. .
14.,
21..
28..

849
868
676
626

Sept. 4..
11..
18..
25..

Daily
average

Week
ending

Daily
average

1951- July 7...


14...
21...
28...

1,424
1,196
1,395
1,728

1952 Sept. 6...


13...
20...
27...

1,191
1,341
1,192
1,359

1953Nov. 7 . . .
14,. .
21... i
28...

,563
,429
,343
,507

1,559
2,097
1,743
1,768

Aug. 4 . . .
11...
18..,
25...

1,876
1,666
1,586
1,341

Oct. 4 . . .
11...
18...
25...

1,036
1,088
1,489
1,104

Dec. 5 . . .
12...
19...
26...

,705
,414
,603
,563

July 1...
8...
15...
22... j
29...

3,758
1,751
2,848
2,581
2,610

Sept. 1 ...
8...
15...
22...
29...

1,617
2,047
2,402
2,237
1,722

Nov. 1 ...
8...
15...
22,..
29...

1,196
1,658
1,473
1,920
2,028

1,028
1,012
1,019
748

Aug. 5. . .
12...
19...
26...

1,935
2,052
1,829
1,802

Oct. 6. . .
13...
20...
27...

2,084
1,861
1,907
2,176

Dec. 6...
13...
20...
27...

,680
1,925
,908
1 ,749

Feb. 6 . . .
13...
20.,.
27...

733
July 2 . . .
982
9...
16... 1,002
23... 1,162
30... 1,015

Sept. 2. . .
9...
16...
23...
30...

1,472
1,609
2,393
2,176
2,343

Nov. 3...
10...
17...
24...

1,658
1,510
1,280
1,235

Oct.

7...
14...
21...
28...

2,734
2,315
2,217
2,244

15...
22...
29...

1,373
1,679
1,455
1,438
1,563

1,850
1,969
1,545
1,373
1,642

Mar. 6 . . . 2,028
1 3 . . . 1,839
20, . . 1,787
2 7 . . . 1,833

Dec. 1 . . .

1953Jan. 3...
10...
17...
24...
31...

Feb. 7...
14...
21
28! '.'.

1,779
1,430
1,326
2,242

777
879
,497
,399

Nov. 4. . .
11...
18...
25...

1,878
2,150
2,010
2,602

1952^ Jan. 5...


12...
19...
26...

1,425
1,697
1,698
1,874

Mar. 7 . . .
14...
21.,,
28...

1,769
1,707
1,910
1,935

May 1 . . .
8...
15...
22... j
29...

Oct. 1 . . .
8...
15...
22...
29...

,258
,402
,556
,350
,569

Dec. 2. . .
9...
16...
23...
30...

2,487
2,406
2,822
3,818
3,532

Feb. 2 . . .
9...
16...
23...

1,828
1,534
1,342
1,658

Apr. 4 . . .
II...
18...
25...

2,456
2,056
1,419
1,573

June 5 . 0 . 1,830
1 2 , . . 1,928
19... 1,703
26... 2,065

830
1,088
737
908

Nov. 5 ...
12...
19...
26...

,472
,397
,511
,426

1951Jan. 6...
13...
20...
27...

3,588
3,536
3,717
2,603

Mar. 1 . . .
8...
IS...
22...
29...

1,254
1,479
1,415
1,294
1,386

May 2...
9...
16...
23...
30...

1,275
1,251
1,126
1,367
1,169

July 3...
10...
17..,
24...
31...

2,053
2,314
2,565
2,576
2,610

Oct. 2-..
9..
16..
23.,
30..

944
710
906
1,412
1,099

Dec. 3...
10...
17.,.
24...
31...

1,694
1,788
2,204
1,564
1,994

Feb.

3...
10...
17...
24...

2,902
2,607
2,209
1,954

Apr. 5...
12...
19...
26...

1,538
1,235
1,650
1,385

June 6. . .
13...
20...
27...

1,307
1,457
1,102
1,024

Aug. 7 . . .
14...
21...
28...

3,189
2,761
2,495
2,022

Nov. 6. .
13..
20..
27..

2,348
1,743
1.054
1,142

1950 Jan. 7 . . .
14...
21...
28...

2,260
3,014
1,625
1,514

Mar. 3...
10...
17...
24...
31...

1,787
1,745
2,125
1,411
1,462

May 3 ...
10...
17...
24...
31...

1,288
1,140
990
1,211
1,126

July 4. . .
II...
18...
25...

877
914
926
894

Sept. 4 . , . 1,923
I I . . . 1,849
18... 2,080
25.,. 2,155

Dec. 4. .
11..
18..
25..

1,294
1,279
1,116
1,106

Feb. 4 ...
11...
18...
25...

2,059
1,780
2,212
1,579

Apr. 7 ...
14...
21...
28...

1,524
1,715
1,593
1,789

June 7. . .
14...
21...
28...

1,377
1,357
1,246
1,324

Aug. 1 ...
8...
15...
22...
29...

,160
,078
,012
,009
[242

Oct. 2 . . .
9,..
16.,.
23...
30,..

1949~~Jan. 1 . .
8..
15..
22..
29..

1,544
1,087
832
837
953

Mar. 4. . .
11...
18...
25...

1,615
1,534
1,689
1,895

May 5 . . .
12

19!!!

26...

2,067
1,851
1,747
1,788

July 5 . . J
12...
19...
26...

,457
,121
,202
,125

Sept. 5. . .
12.,.
19...
26...

,311
,134
,893
,108

Nov. 6 . . . 2,640
13.,. 3,231
20... 3,358
27... 3,422

Feb. 5..
12..
19..
26..

954
1,106
796
857

Apr. 1 . . .
8...
15,..
22...
29...

2,189
2,028
2,583
3,123
2,329

June 2. . .
9...
16...
23...
30...

1,272
1,281
1,353
1,255
1,917

Aug. 2 . . .
9...
16...
23...
30...

,220
.210
,H4
,043
996

Oct. 3 . . .
10...
17...
24...
31...

,021
981
,436
,290
,358

Dec. 4 . . .
11...
18,..
25...

Digitized for FRASER


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

Daily
average

794

Week
ending-

Week
ending

;.954=Jan. 2 . . .
9...1
16.,.
23...
30...

Daily
average

2,066
Ml?
1,518
1,804
1,937
1,787
1,888
1,742
1,551

Apr. 3 . . . 2,157
10... 2,066
17... 2,086
24... 1,979
2,240
1,987
2,020
2,230
2,146

1,899
2,158
2,117
2,091
2,098

3,364
3,701
3,041
3,542

i MONEY RATES AND SECURITIES MARKETS


12.20

TRADING IN STOCKS ON THE NEW YORK siOCK EXCHANGE: ROUND-LOT VOLUME Continued
B. WEEKLY, 19$4-70Continued
[In thousands of shares j

Week
ending

Daily
average

Week
ending

Daily
average

Week
ending

Daily
average

Week
ending

Daily
average

Week
ending

Daily
average

Week
ending

Daily
average

1955 Jan. 1..


8..
15..
22..
29..

3,697
4,589
3,474
2,803
3,362

1956 Mar. 3 . . .
10...
17...
24...
31...

2,835
2,835
3,086
2,818
2,848

1957~May 4 . . .
11...
18...
25...

2,409
2,414
2,617
2,236

1958 July 5...


12...
19...
26...

2,607
2,502
3,083
3,716

1959 Sept. 5...


12...
19,..
26,..

2,315
2,785
2,444
3,202

I960 Nov. 5 ...


12...
19...
26,..

2,692
3,436
2,794
3,177

Feb. 5 . .
12..
19.,
26..

3,254
3,422
3,364
2,876

Apr. 7 . . .
14...
21...
28,,.

2,839
2,587
2,327
2,522

June 1...
8...
15...
22...
29...

2,169
2,172
2,646
2,181
1,897

Aug. 2 . . .
9...
16.,.
23...
30...

3,752
3,705
2,924
2,454
2,716

Oct. 3 . . .
10...
17...
24...
31...

2,728
2,373
2,309
2,777
3,821

Dec. 3...
10...
17...
24...
31...

3,362
3,663
3,569
3,685
4,134

Mar. 5..
12..
19..
26..

2,990
3,242
2,906
2,475

May 5 . . .
12...
19...
26...

2,637
2,571
2,230
2,308

July

6...
13...
20...
27...

2,314
2,649
2,224
1,806

Sept. 6. . .
13...
20...
27...

2,950
3,146
3,622
3,696

Nov. 7 . . .
14...
21...
28...

3,471
3,239
3,427
3,417

1961 Jan. 7...


14...
21...
28...

3,591
4,445
4,147
4,380

Apr. 2..
9..
16..
'23..
30..

2,816
2,358
2,868
2,895
2,576

June 2. . .
9...
16...
23...
30...

2,170
1,976
1,775
1,599
1,800

Aug. 3 . . .
10...
17...
24...
31...

1,775
1,884
1,760
1,984
2,000

Oct. 4 . . .
11...
18...
25...

3,846
3,821
4,881
3,893

Dec. 5 . . . '3,607
1 2 . . . 3,400
19... 3,219
26... 2,862

Feb. 4 . . .
11...
18...
25...

4,879
4,654
4,604
5,174

May 7..
14..
21..
28..

2,313
2,208
2,138
2,028

July

7...
14...
21...
28...

1,968
2,272
2,262
2,110

Sept. 7...
14...
21...
28...

1,370
1,810
1,636
2,528

Nov. I ...

8...
15...
22...
29...

4,147
3,980
4,158
4,143
4,235

I960 Jan. 2 . . .
9...
16...
23,..
30...

3,336
3,605
3,536
2,844
2,801

Mar. 4 . . .
11...
18...
25...

5,421
5,805
5,292
5,397

June 4. ,
11..
18..
25..

2,428
2,902
2,678
2,705

Aug. 4 . . .
II...
18...
25...

2,331
2,308
1,806
1,779

Oct. 5...
12.,.
19...
26...

1,613
3,115
2,632
4,161

Dec. 6...
13...
20...
27...

3,513
3,819
3,731
2,981

Feb. 6...
13...
20...
27...

2,814
2,697
3,458
3,172

Apr. 1...
8.,.
15...
22...
29...

4,940
5,798
5,134
4,943
4,480

July 2..
9..
16..
23..
30..

2,308
2,891
2,321
2,316
2,233

Sept. 1 , . .
8...
15...
22...
29..,

1,606
1,789
1,967
2,090
1,958

Nov. 2...
9...
16...
23...
30...

1,992
2,416
2,334
2,501
3,077

3...
10...
17...
24...
31...

3,760
4,168
4,203
3,860
3,744

Mar. 5 ...
12...
19,..
26...

3,248
3,196
2,590
2,719

May 6...
13...
20...
27...

4,613
5,205
4,855
3,847

Aug. 6. .
13..
20..
27..

2,109
1,735
1,455
1,959

Oct.

6...
13...
20...
27...

2,077
1,481
1,635
1,570

Dec. 7 . . .
14...
21...
28...

2,215
2,297
2,635
2,477

Feb, 7 . . .
14.,.
21...
28 ...

3,228
2,959
2,701
4,089

Apr. 2 . . .
9.. .
16...
23..,
30...

2,442
2,928
2,613
2,994
2,995

June 3. , .
10...
17...
24...

3,932
3,944
3,264
3,215

Sept. 3..
10..
17..
24..

1,812
2,426
2,620
2,408

Nov. 3 . . .
10...
17...
24...

2,120
2,287
2,009
2,250

1958 Jan. 4 . . .
11...
18...
25...

3,267
2,231
2,420
2,324

Mar. 7 . . . 4,204
1 4 . . . 4,237
2 1 . . . 4,323
28 , . . 3,217

May 7 . . .
14...
21...
28...

2,791
3,084
3,945
3,195

July 1 ...
8...
15...
22...
29...

2,711
2,991
2,969
2,710
3,472

Oct. 1..
8..
15..
22..
29..

4,339
2,103
2,443
1,733
1,798

Dec. 1 . . .
8...
15,..
22...
29...

2,257
2,398
2,362
2,253
2,557

Feb. 1 . . .
8...
15...
22...

2,151
2,474
2,001
1,840

Apr. 4 . . .
11 . . .
18...
25...

3,128
3,125
3,565
3,558

June 4. . .
11...
18...
25...

3,648
3,501
3,540
3,656

Aug. 5 , . .
12...
19...
26...

3,767
3,633
3,605
3,444

Nov. 5 . .
12..
19..
26..

1,939
2,338
2,486
2,244

1957 Jan. 5 . . .
12...
19...
26...

2,654
2,372
2,301
2,100

Mar. 1 . . .
8,..
15. ..
22...
29...

1,725
2,090
2,401
2,263
2,171

May 2. . .
9.,.
16...
23...
30...

3,555
3,799
3,623
3,194
2,975

July 2 . . .
9...
16...
23...
30...

2,964
2,954
2,599
2,510
2,773

Sept. 2 . . ,
9,,.
16...
23...
30...

3,033
3,446
2,979
3,183
3,311

Dec. 3..
10..
17..
24..
31..

2,498
2,619
2,437
2,388
2,252

Feb. 2 . . .
9...
16...
23...

1,810
2,088
2,388
1,741

Apr. 5 . . .
12...
19.. .
26...

2,160
2,075
2,445
2,722

June 6 . . .
13...
20.,.
27...

2,957
3,094
2,625
2,954

Aug, 6 ...
13...
20...
27...

2,569
2,940
2,741
3,060

Oct.

7...
14...
21...
28...

3,248
3,235
3,364
3,398

1956 Jan. 7..


14..
21..
28..

2,341
2,420
2,274
2,123

Mar. 2 . . .
9.. .
16,..
23...
30...

1,652
1,810
1,658
1,612
1,710

May 3 . . .
10...
17...
24...
31,..

2,481
2,821
2,662
2,507
2,324

July

4... 3,239
1 1 . . . " 3,744
18.. . 3,112
2 5 . . . 2,957

Sept. 3 ; . .
10...
17. . .
24...

2,990
2,713
2,414
2,986

Nov. 4. . .
11...
18...
25...

3,600
4,821
4,380
4,399

Feb. 4..
11..
18..
25..

1,955
2,062
2^119
2,642

Apr. 6 . . .
13...
20...
27...

l',948
2,398
2,168
2,683

June 7. . .
14...
21...
28...

2,706
2,641
2,746
2,667

3,014
2,554
2,776
2,352
2,101

Oct. I . . .
8...
15...
22...
29...

3,571
2,442
2,195
2,586
3,173

Dec. 2 . . .
9...
16...
23...
30...

4,457
4,202
4,398
3,543
4,313

Digitized for FRASER


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

'1959 Jan.

i
)

j
!
j
|
i
i

Aug. J . . .
8...
15.. .
22...
29...

MONEY RATES AND SECURITIES MARKETS


12.20

TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE: ROUND-LOT VOLUMEContinued


B. WEEKLY, 1934-70Continued
[In thousands of shares]
Week
ending--

1962 Jan.

Daily
average

6. . .
13. . .
20. ..
27. ..

3,949
3,727
3,625
3,564

3...
10...
17...
24. ..

3,743
3,771
3,365
3,300

Mar. 3 . . .
10. . .
17...
24...
31 ., .

2,996
3,065
3,293
3,166
2,985

Apr.

7...
14...
21...
28...

3,057
3,185
3, US
3,485

5
12...
19 . . .
26. .. I

3 874
3,684
3,913
4,598

Feb.

May

June

July

2. . . 10,141
9. . 4,208
S 354
16
2 3 . . . 4,162
3 0 . . . 5,155

Week
ending

Daily
average

1963 Mar. 2 .
9 ..
16...
23...
30...

3,812
3,349
3,521
3,433
3,870

Apr,

6. . .
13...
20...
27...

4,722
5,544
5,241
5,173

4. . .
11...
18...
25...

4,593
4,856
5,075
4,920

I ...
8...
15...
22...
29...

4,158
5,463
4,566
4,109
3,973

July 6. . .
13...
20...
27...

3,459
3,719
3,454
3,247

Aug. 3...
10
17...
24 ..
31...

3,340
3,686
4 549
4,109
4,700

Sept. 7 . . .
14...
21...
28...

6,126
5,559
4,831
5,289

May

June

7...
14...
21...
28...

3,455
4,615
3,192
2,783

Aug. 4 . . .
11...
18.. .
25...

3,378
2,866
3,762
4,099

Oct.

4,299
4,740
5,403
6,071

Sept. 1 . . .
8. . .
15. . .
22. ..
29...

2,866
3,024
2,927
3,519
3,713

5...
12...
19...
26...

Nov. 2. . .
9

Oct.

6
13. ..
20
27...

2,791
2,365
3,336
5,012

23...
30...

5,733
4,972
4,539
5,642
6,451

Dec.

4,015
4,353
4,758
4,618

4,823
4,376
4,899
4,143

Nov. 3 . . .
10. . ,
17. ..
24. . .

7...
14...
21...
28...

1964 Jan.

5,473
5,401
6,098
5,253

Dec.

1. . .
8. . .
15
22 .
29. ..

5,502
4,780
3,677
3,780
3,590

4...
11 .
18...
25...

1...
8...
15...
22...
29...

5...
12. . .
19...
26. . .

4,484
4,779
4,761
4,663

2...
9
16
23...

4,273
4,042
4 , 522
4,236

1963 Jan.

Feb.

Digitized for FRASER


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

le!;;

Week
ending

Daily
average

1964 Apr. 25... :

5.803

May 2 . . . I
19...
16...
23...
30...

5,549
5,352
5,075
4,747
4,329

June

6. . .
13...
20...
27...

4,318
4,026
4,565
4,581

4...
11...
18...
25...

5,847
6,046
4,370

July

3...
10...
17...
24...
31...

6,764
3,906
3,805
3.S24
4,527

4,822
5,108
4,691
4,45$

Aue. 7. . .
14...
21...
28...

4,566
4,976
4,965
5,411

Sept.

Aug. 1 . . .
8...
15...
22...
29...

4,151
4,375
3,864
3 920
3 , 637

4...
11...
18...
25...

5,595
6,507
7,027
8,186

Oct.

Sept. 5 . . ,
12...
19...
26...

4,262
5,222
5,567
5,697

2...
9...
16...
23...
30...

8,491
6,5B8
8,929
8,628
7,200

Oct.

3...
10...
17...
24...
31...

4,690
5,022
5,133
4,765
4,622

Nov. 6. . .
13...
20...
27...

7,391
6,357
7,943
7,093

Dec.

Nov. 7 . . .
14...
21...
28...

4. . .
It...
18...
25...

4,587
4,696
5,624
4,701

9,027
9,761
9,526
8,051

1966- Jan.

Dec.

5...
12...
19...
26...

4,668
4,840
4,755
4,271

I ...
8...
15...
22...
29...

7,033
8,908
8,646
9,465
9,163

Feb.

5...
12

2...
i)

5,131
4,660
5,631
5,373
6,163

8,155
9,347
8,813
8,156

July

1965 Jan.

16;;;
23...
30...

Feb.

5,841
5,935
5.57B
6,379

4,529
4,262
4,403
4,603
5,281

Mar. 6. . .
13...
20...
27...

6,306
5,540
5,325
5,129

Apr.

3...
10...
17...
24...

Mar. 7 . . . ' 5,196


1 4 . . . 5,627
2 1 . . . 5,441
2 8 . . . 4.267

May

Apr.

4. . .
11 . . .
18...

5,938
5,483
5,401

Daily
average

1965 June 1 2 . . .
19...
26...

6. , .
13...
20...
27...

Feb.

Week
ending---

June

796

19". ;;
26. . .

Mar. 5 . . . 10,073
12. . . 8,965
19... 7,222
26... 7,702
Apr. 2 . . . 8,138
9 . . . 9,657
16... 10,696
23... 9 , 345
30... 7,663

4,656
5,259
6,288
5,925

May 7 . . .
14...
21 ...
28...

9,615
8,611
8,708
6,203

June

1 ...
8...
15...
22...
29...

5,623
5,912
5,B77
5,278
4,974

4...
11. . .
18...
25...

5,147
5,60*)
7,435
7,140

July

5. , .

5,467

2....
9, ..
16...
23...1
30...

6,028
6,199
5,803
5,863
6,133

Week
ending

Daily
aveiage

1966 AUI;. 6 . . .
13...
20 . . .
27...

6,046
5,673
6,503
8,107

Sept, 3 . . .
10...
17...
24...

8,633
5,461
6,244
5,038

Oct.

1...
8...
15...
22...
29...

5,915
7,512
7,858
6,355
6,379

Nov. 5...
12...
19...
26..,

6,300
7,528
7,983
7,018

Dec.

7.3H6
7,592
8,223
7,570
8,173

3.. .
10...
17...

;M. . .
.H . . .

1967 Jan.

1... f>,856
'4. . . 10,678
?1 ' " 10,611
sis'. 11 10,382

Feb.

4. . . 10,826
1 1 . . . 10,1231 8 . . . 8,974
25. 9 , 3H3

Mar.

4... 10,945
U . . . 11,340
18... 10,604
25... 9,300

Apr.

1 ... 8,624
8... 8,932
15... 8.010
22
10,070
10,546

2*)i ;;

May 3 . . .

n...

2l> . . .
May 2 7 . . .

June

July

10,946
10,477
9.887
9 , 302

3 . . . 8,142
U K . , 9,696
1'' . . . 10,952
24.. ,| 9,474
[,.,.
8

8,986
9 . 203

1 3 . . . j 11,477
22 , . : 11,639
2ty ' ' : 10,792

Aug. 5 . . . ' 12,146


12... 9 , 303
19... 8,397
26... 8,057
Sept. 2 . . . 7,228
9 . . . 9,019
1 6 . . . 10,803
2 3 . . . 1 1 , 323

M'ONEY RATES AND SECURITIES MARKETS


12.20

TRADING IN STOCKS ON THE NEW YORK StOCK


STC
EXCHANGE: ROUND-LOT VOLUMEContinued
B. WEEKLY, J934-70Continued
[In thousands of shares]
i
Week
Daily
ending 4_
average

Week
ending

Daily
average

Week
ending

1967 Sept. 30...

10,172

1968 May 2 5 . . .

12,952

June

1. . .
8. . .
15...
22, . .
29...

1969 Jan. 18. .. 11,677


25. .. 1 1 , 804

13,445
16,413
16,595
13,992
13,239

Feb. 1 ...
1 8...
15...
22...

6...
13...
20...
27...

13,007
17,126
14,715
13,736

Mar. 1 ... 10,654


8...
9,895
f i s . . . 9,242
2 2 . . . 10,042
29. . . 10,661

Oct.

Nov.

Dec,

1968 Jan.

Feb.

Mar.

Apr,

May

7 . . . 9,888
14.., 10,246
2 1 . . . 10,202
2 8 . . . 10,187
4...
11. ..
18...
25...

10,560
10,458
10,227
11,681

2...
9...
16...
23. ..
30...

10,221
11,968
11,536
10,586
12,333

6...
13...
20...
27...

12,266
13,190
12,739
10,926

3 . . . 10,045
10... 9,487
1 7 . . . 10,270
2 4 . . . 8,512

2 . . . 7,953
9...
9,598
16.. . 10,127
2 3 . . . 8,814
30... 8,283
6. . .
13...
20...
27...

15,695
15,889
14,893
13,715

4 . . . 14,615
11... 12,759
18... 12,612

Digitized for FRASER


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

July

Daily
average

Aug. 3 . . . 11,361
10... 9,952
17... 11,455
2 4 . . . 1 1 , 399
3 1 . . . 9,649
Sept. 7 . . . 11,213
1 4 . . . 12,761
2 1 . . . 14,828
2 8 . . . 14,891

Oct.

5 . . . 16,414
1 2 . . . 14,022
1 9 . . . 15,399
2 6 . . . 15,133

Nov. 2 . . .
9...
16...
23.,.
30,..
Dec.

14,061
12,376
15,719
15,821
15,451

7 . . . 16,384
1 4 . . . 16,298
2 1 . . . 16,551
2 8 . . . 11,353

1969 Jan. 4. . . 1 1 , 946


11. .. 13,423

11,921
12,833
11,834
11,389

Apr. 5. .. 10,928
12. . . 10,837
19. . . 9,700
26. . . 11,265
May 3 . . .
I 10...
17...
24...
31.. ,
i
Junfc 7 . . .
14...
21...
28...

14,536
13,523
12,409
1 1 , 363
10,684
1 1 , 222
11,970
11,291
10,841

July 5 . . . 10,000
f 1 2 . . . 10,361
19. .. 10,260
2 6 . . . 9,785
'

Auk.

14,252
9,796
8,877
2 3 . . . 10,061
30... 8,605

r 912.6........

i
Serft. 6 . . .

797

8,904

Week
ending

Daily
average

1969 Sept. 13 .. 10,794


20. . . 11,257
2 7 . . . 10,800

Oct.

4...
11...
1.8...
25...

10,453
10,450
16,512
15,912

Nov. 1 . . ,
8...
15. . .
22. ..
29. ..

12,577
12,003
1 1 , 547
10,849
10,425

Dec,

6. . . 1 1 , 1 2 1
13. . . 11,391
20. . . 13,441
27... Ilt250

1970 Jan.

3...
10...
17. . .
24...
31. ..

13,936
10,607
1 0 , 444
10,502
11,069

Feb.

7...
14. . .
21. . .
28. . .

12,100
10,859
11,115
12,119

Week
ending

Daily
average

1970 May 9 . . .
16...
23...
30...

10,577
1 1 , 349
11,949
16,136

June

6. . . 14,392
1 3 . . . 7,798
2 0 . . . 9,594
2 7 . . . 9,894

July

4. . . 8,784
U . . . 10,756
1 8 . . . 9,951
2 5 . . . 11,214

Aug.

1 . . . 10,239
8 . . , 8,114
1 5 . . . 7,775
2 2 . . . 9,991
2 9 . . . 15,734

Sept. 5 . . . 12,078
1 2 . . . 14,358
19... 13,056
2 6 . . . 16,684

Oct.

Mar. 7 . . . 11,641
14. . . 9,422
2 1 . . . 8,930
28. .. 11,259

3...
10...
17...
24.. .
31...

Nov.

4 . . . 9,647
11. .. 9,010
1 8 . . , 10,064
25.. . 9,806

6 . . . 10,829
1 3 . . . 12,175
2 0 . . . 9,740
2 7 . . . 12,226

Dec.

5...
12.. .
19...
26...

Apr.

May 2 . . . 11,369

14,449
16,826
10,112
10,230
10,105

18,457
14,778
13,901
13,688

MONEY RATES AND SECURITIES MARKETS


12.21

TRADING IN STOCKS ON THE NEW YORK STOCK EXCHANGE:


TOTAL VOLUME AND VALUE, 1941-70

Year

Total

Jan.

Feb.

May

:' Mai.

June

July

Aug. :: Sept. I j

Oct.

Nov.

Total volume (millions of shares")

1941.
1942.
1943.
1944.

226
168
361
338

19
21
22
24

1945.
1946.
1947.
1948.
1949.

496
502
337
393
353

51
69
32
28
26

42
52
32
23

1950.
1951.
1952.
1953.
1954.

655
580
432
449
703

55
90
46
45
42

1955.
1956.
1957.
1958.
1959.

820
699
714
922
1,039

1960.
1961.
1962.
1963.
1964.

13 i

13 l!
10 i
45

14
10
33
46

42

50
32
23
42
24

13 i
12
48
35 .'

15
10
45
18

38 |
36
25 '
28 ;
25 "

34 j
44 !
29 I
44
28 i:

43
58
39
36
43

51 !
47
35
51
52 j

6,1!
43
39
51
55 |

56 ,'
53

94
60
66
69
106

80
52
52
52
80

83 ;
78 ||
46
57
108

69 '
69
5B
59
92

58
66
67 !
69
96 i1

958
1,292
1 ,187
1 ,351
1,482

86
115
103
117
145

73
112
85
97
102

85
153
88
91
137

70
132
79
121
156 ;

82
124
105
126
125

1965.
1966.
1967.
1968.
1969.

1,809
2,206
2,886
3,299
3,174

127
206
224
298
305

131
198
216
205
247

152
224
268
221
237

136 !
221
206
298
239

133
209
257 !
332 I
305

1970.

3,213

255

238

243

240

272

11

29
22 !
J

i
i
|
j

46 I

27 !
55 '

24 ;

32 :!
34
52

22 :
11
32

15
9
21
28

II!

29

19
20

17
20
18 '
23 :

29

31
58
20
22
30

46 j
38 I
36
26 '
36

<p

32
27
64

50
43
28
28
71

46
46
30
35
52

61 |
54 I
34
31 i
57 |

69 i
50 i
59 I
66
82,

64
57
61
80 i
91

53
59
53
84
70

68
46
45
81
68

60
51
HI
118
73

72 ^

81
104
96
102
100

75
82
74
123
120

120

165
161
228 I
231 i'.

55

35

98
100
156
107
114

40 ;

;8
2\

5737

71

19
17

47
25
26
38
47
37
35
35
48

51
3?
34
32
72

71
38
51
44
92

56

65
56
6H
96
90

70
90
93
136
131

72 I
103
108

95
106
103
123
121

199

163
162
242
261
249

231
189
262
314
288

56
59 ,
91 Ji
84

136
162 i
243 ii
305
264

99
96 '
125
I
116
141 I
241 !;
283 |
240 !|

251
244
246

233 ;

166
249
305
320

282

250

216

304

:!

329

522
259
783

344
214
509
610

427
242
467
518

I
:
i
:'

412 i;
400 j
454
617

794
974
624
623
672

922
1,616
608
626
729

1 ,290
1,102
1 ,039
747
905 i

1,438
945
677
970
1 ,035

1,406
1 ,068
1,000
914
1,252

1,796 !
1,712
1,117
993
2,030

1,617
1,198
1,143
998
2,577

I ,981
1,277
1,640
1,342
3,195

2,352:;
2,397 I!
1 ,960
3,407
3,407 I

2,509
2,269
2,200
3,682
3,767

3,898
3,518
5,943
5,268

2,785 '
4,420
4,040 1
5,082 I
4,371 i

3,487
4,467
3,857
5,154
4,872

6,662 '
7,271
9,964
9,867
9,357

7,857
7,209
11,006
13,727
12,831

6,879 '
6,638 ;
I I ,193
1 1 ,979 I
10,000

9,200
7,662
11,186
13,844
10,609

107 i

in !

350

Value (millions of dollars)

1941.
1942.
1943.
1944.

5,253
3,673
7,670
8,252

519
446
433
562

336
251
528
565

1945.
1946.
1947.
1948.
1949.

13,462
15,520
9,706
10,923
8,998

1 ,248
1,946
913
785
715

1,049
1,573
943
657
601

1950.
1951.
1952.
1953.
1954.

18,725
18,185
14,720
14,218
24,249

1 ,408
2,570
1,617
1,412
1 ,294

1955.
1956.
1957.
1958.
1959.

32,745
29,787
27,451
32,754
43,476

1960.
1961.
1962.
1963.
1964.

37.960
52,699
47,341
54,887
60,424

1965.
1966.
1967.
1968.
1969.

73,200
98,565
125,329
144,978
129,603

1970.

103,063

Digitized for FRASER


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

319
288
861 ji
831

348
226
869
471

324
226
823
578

350
233
715
993

1,060
1,216
770
759
625

967
1,497
817
1,218
715

1
1,195
1
1,432
742
1
1,467
636

1 ,256
1 ,147
676
1,223
585

837
1,007 i:
899
934
526 :

1,164
1.785
1 ,350
1,173
1 ,458

,421
,436
,214
,616
,751

,530
318
,373
,538
,877

,603
,739
,074
,126
,844

1,678
1,141
1,093
1,105
1,820

1,692
1,169
1 110
903
2,142

1,456
1,392
977 u
946 I
2,410 j

1,379
I ,444
1,009
1,067
1,850

3,435
2,463
2,586
2,292
4,195

3,058
2,181
1,982
1,832
3,143

3,270
3,242
1,711
2,044
4,331

2,733
2,910
2,259
2,019
3,939

2,302

2,817
2,806
2,319
4,119

2,779
2,138
2,516
2,341
3,676

2,428
2,615
2 , 829
3,929

2,223 '
2,669 ]
2,215
2,895
3,026

2,841
2(592
2,057
2,215
2,821
1 ,779
2,922
4,172
2,875 :| 3,069

3,518
4,176 I
4,366
4,357
6,148

3,068
4,407
3,545
3,741
4,280

3,356
5,930
3,703
3,485
5,325

2,939
5,205
3,335
4,794
5,933

3,291
4,97!
4,649
4,849
5,196 i

3,967
4,293
6,034
4,279
4,745

2,862
3,051
3,789
3,827
5,266

3,fl9 1 2,867
4,338 " 3,543
3,575 2,930
4.215
5,161
4,914
4,106

4,918
8,651
9,320
12,914
13,056

5,291
8,789
8,791
8,909
11,007

5,979
10,451
11,465
9,672
9,755

5,508
9,892
9,232
13,310
10,094

5,819
7,772
10,801
13,548
10,847

4,783
6,655
10,114
12,373
9,561

9,412

9,103

8,815

5,366
9,800
11,334
14,340
13,081

4,937
7,805
10,920
30,493
9,405

8,718 i 8,566
8,000
6,985
6,443
j
._.L__. i .. .._,__. _

798

:
i
'
'I
j

i'
;,
,

2,700

422 I
352
586
617

8,721 j 9,701 j 7,308 ;


.J .
li

929
537
641
986

MONEY RATES AND SECURITIES MARKETS


12.22

MARGIN REQUIREMENTS, 1934-70


[Per cent of market value]

Period

Beginning
date

For credit extended under Regulations T (brokers and dealers),


U (banks), and G (others than brokers, dealers, or banks)
Ending
date

1934 Oct. 1
1936 Feb. 1
1936Apr. 1

1936 Jan 31
1936 Mar. 31
1937 Oct 31

1937 Nov. 1
1945 Feb. 5
July 5
1946= Jan. 21
1947 Feb. 1
1949 Mar. 30
1951 Jan. 17
1953 Feb. 20
1955 Jan. 4
Apr. 23
1958 Jan. 16
Aug. 5
Oct. 16
1960 July 28
1962 July 10
1963 Nov. 6

1945 Feb. 4
July 4
1946Jan. 20
1947 Jan. 31
1949 Mar. 29
1951 Jan. 16
1953 Feb. 19
1955 Jan. 3
Apr. 22
1958 Jan. 15
Aug. 4
Oct. 15
1960 July 27
1962 July 9
1963 Nov. 5
1968 Mar. 10

1968 Mar. 11
June 7
June 8
1970 May 5
Effective May 6, 1970

On margin stocks
T

On short sales
(T)

(n

25-45
25-55
55

Cl)
0)
50

40
50
75
100
75
50
75
50
60
70
50
70
90
70
50
70

50
75
100
75
50
75
50
60
70
50
70
90
70
50
70
70
80
65

1
Requirement was the margin "customarily required" by the
broker.
NOTE.Regulations T, U, and G, prescribed in accordance
with the Securities Exchange Act of 1934, limit the amount of
credit to purchase and carry margin stocks that may be extended
on securities as collateral by prescribing a maximum loan value,
which is a specified percentage of the market value of the col-

Digitized for FRASER


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

On convertible bonds

799

50
60
50

70
80
65

lateral at the time the credit is extended: margin requirements


are the difference between the market value (100 per cent) and
the maximum loan value. The term margin stocks is defined in
the corresponding regulation.
Regulation G and special margin requirements for bonds
convertible into stocks were adopted by the Board of Governors
effective Mar. 11, 1968.

MONEY RATES AND SECURITIES MARKETS


12.23

STOCK MARKET CREDITSERIES FOR 1938-67


[In millions of dollars)
Customer credit

Total
securities
other than
U . S . Gpvt.
securities

Month

Net debit balances with


N. Y. Stock Exchange
firms secured by ' U. S. Gpvt.
securities

Other
securities

Broker and dealer credit

Bank loans to others than


brokers and dealers for2 purchasing or carrying U.S. Gpvt. !|
securities

Other
securities

Money borrowed
on 3. _=

U. S. Gpvt.
securities

Other
securities

Customers'
net
free
credit :
balances

1938Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Get
Nov
Dec

575
,551
,436
354
347
357
,420
,443
399
477
,511
,551

958
937
831
763
760
774
843
864
823
905
939
991

617
614
605
591
587
583
577
579
576
572
572
560

641
628
576
485
482
495
528
571
559
617
662
754

288
280
239
248
243
258
284
272
257
270
252
247

1939Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

511
496
,484
,366
367
377
367
t 311
366
,404
413
,412

971
967
953
831
828
834
839
792
856
894
914
906

540
529
531
535
539
543
528
519
510
510
499
506

713
709
699
579
561
570
589
5S6
520
577
623
637

235
222
225
236
230
230
238
235
305
289
272
266

1940Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

,371
371
364
383
183
,120
,116
,098
,097
108
126
142

886
893
886
910
702
653
642
631
635
653
666
677

485
478
478
473
481
467
474
467
462
455
460
465

602
616
615
626
459
376
376
368
370
381
383
427

262
253
247
252
251
267
261
256
268
269
280
281

1941^Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

120
089
086
051
073
,068
,067
065
070
059
053
022

661
634
633
606
622
616
628
628
633
628
625
600

459
455
453
445
451
452
439
437
437
431
428
422

392
369
383
364
399
393
384
457
394
412
407
363

275
267
268
265
262
255
266
262
260
255
264
289

1942Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dee

956
944
938
910
907
892
898
869
881
879
876
925

547
534
531
515
502
496
491
490
500
510
520
543

409
410
407
395
405
396
407
379
381
369
356
382

305
311
307
301
299
308
308
297
311
306
316
380

274
262
249
247
238
240
238
240
240
250
250
270

1943--Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

882
896
954
174
246
185
159
106
,819
,808
,497
367

540
550
610
670
740
761
780
740
820
830
780
789

342
346
344
504
506
424
379
366
999
978
717
578

294
321

280
310
320
330
330
334
340
340
320
330
340
354

For notes see end of table.

Digitized for FRASER


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

800

52
220
139
93
78
67
286
264
176
138

350
407
443
454
422
482
479
428
430

MONEY RATES AND SECURITIES MARKETS


12.23

STOCK MARKET CREDIT-SERIES FOR 1938-67Continued


[In millions of dollars]
Broker and dealer credit

Customer credit

Month

Total
securities
other than
U. S. Govt.
securities

Net debit balances with


N. Y, Stock Exchange
firms secured by ]
U. S. Gpvt.
securities

1944Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1,081
1,118
1,121
1,067
1,100
1,208
1,286
1,278
1,279
1,285
1,271
1,394

1945Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1,439
1,446
1,268
1,311
1,348
1,460
1,393
1,346
1,328
1,321
1,330
1,374

109
106
110
137
145
148
153
158
181
196

1946_Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1,436
1,312
1,195
1,167
1,162
1,129
1,191
1,136
1,034
1,001
979
976

1947Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

Other
securities

Bank loans to others than


brokers and dealers for purchasing or carrying 2
U. S. Govt.
securities

Other
securities

Money borrowed
on 3
U. S. Govt.
securities

Other
securities

Customers'
net
free
credit J
balances

278
838
579
355
279
1,295
1,318
917
618
522
505
1,526

301
318
301
287
310
321
346
338
339
335
331
353

143
194
178
165
120
166
188
158
151
149
167
248

420
455
452
435
426*
472
475
474
488
519
478
520

370
370
380
390
400
424
420
410
420
430
430
472

925
958
984
1,065
996
952
930
905
914
942

1,093
899
741
623
600
2,012
2,050
1,599
1,283
890
1,222
2,495

369
346
343
353
364
395
397
394
398
416
416
432

206
197
170
162
173
230
213
207
215
217
236
292

526
534
551
539
568
639
611
551
547
526
475
517

530
540
553
575
583
569
579
573
594
632
639
652

193
172
166
154
144
140
109
99
82
75
80
74

974
874
769
740
712
675
636
624
549
508
491
473

2,225
2,082
1,948
1,830
1,663
1,559
1,460
1,355
1,160
1,013
901
753

462
438
426
427
450
454
555
512
485
493
488
503

262
244
231
199
191
178
143
119
94
75
72
66

472
401
390
377
356
338
299
258
211
178
166
163

727
755
712
697
669
657
653
647
729
720
723
704

978
1,003
1,007
1,000
950
968
998
949
969
1,026
1,005
1,032

69
66
65
62
63
62
68
77
78
79
76
61

464
507
511
491
468
488
496
474
492
529
517
517

625
616
561
542
527
498
522
502
497
480
433
376

514
496
496
569
482
480
502
475
477
497
488
515

62
56
56
45
51
55
75
83
78
72
72
44

149
161
160
161
150
169
176
157
202
185
175
199

687
681
677
665
652
651
677
656
630
614
615
613

1948-^Jan
Feb
Mar
Apr
May
June
July

1,011
960
964
976
,031
,056
,041

Sept
Oct
Nov
Dec

016
025
,008
968

56
57
62
66
69
68
74
54
47
45
49
52

511
480
488
506
546
551
535
518
524
535
502
499

312
294
286
280
281
275
272
249
225
209
198
202

500
480
476
470
485
505
506
493
492
490
506
469

37
49
56
63
62
66
69
47
33
32
49
53

180
159
173
177
196
218
218
205
205
219
196
210

622
596
592
614
619
579
577
551
550
540
563
587

1949Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

933
923
899
976
,030
021
048
069
,110
131
204
249

56
58
64
68
67
80
77
75
73
72
63
61

481
469
466
558
593
603
613
624
667
711
751
821

187
189
205
199
200
241
224
220
195
184
173
171

452
454
433
418
437
418
435
445
443
420
453
428

55
52
64
69
64
84
83
81
62
60
52
55

191
173
190
260
290
415
316
323
357
356
393
454

573
565
551
542
535
532
530
548
580
586
596
636

Aug

on

780
800
820
780
790
887
940
940
940
950
940
1,041

1,070
1,100

For notes see end of table.

Digitized for FRASER


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

801

MONEY RATES AND SECURITIES MARKETS


12.23

STOCK MARKET CREDITSERIES FOR 1938-67Continued


[In millions of dollars]
Customer credit

Month

1950Jan ,
Feb
Mar
Apr
May
June . .
July
AUR. ,
Sept.. ,
Oct . .
Nov
Dec

Total
securities
other than
U. S. Govt.
securities

,277
,337
,415
,502
,600
,688
,606
,648
,697
,771
,838
,798

,. .

...
, ,
,

1951 Jan...,
Feb
Mar.,
Apr
...
May.
June
July
Aug..
Sept. .
Oct
Nov
Dec

,884
,846
,822
,838
,842
,826
,799
,789
,810
,807
,796
,826

|
U. S. Govt.
Other
securities I securities
a
855
906
972
.034
,111
,180
,105
,104
,163
,228
,233
,237

75

103
126
122
123
127
121
114

97
54

45

41
38
43
41
41
40

ft

,297
,269
,250
,241
,246
,239
,223
,219
,249
,250
,238
,253

,314
,320
,486
,569
,631
,650
,635
,655
,592
,610
,623
,665

130
132
52
59
60
57
50
52
53
55
71
88

1953-=Jan
Feb
Mar
Apr..
May
June .
July
Auc
Sept
Oct
Nov.. ,
Dec

2,055
2,059
2,226
2,299
2,355
2,339
2,348
2,338
2,265
2,279
2,314
2,445

31

1 954 Jan, . .
Feb
Mar
Apr
May . .
June . ,
July
Aug
Sept.. , .
Oct
Nov
Dec

2,443
2,405
2,444
2,535
2,666
2,678
2,734
2,830
2,953
3,050
3,203
3,436

34
36
40

41

,655
,653
,677
,748
,796
,822
,893
,967
:.048
;1,095
;1,202
1,388

1955 Jan
Feb
Mar
Apr. .
May
June . . . . .
July. . .
Aug
Sept
Oct
Nov
Dec

3,537
3,643
3,732
3,785
3,787
3,870
3,911
3,865
3,966
3,944
3,980
4,030

42
63
49
48
47
46
45
43
43
40
38
34

;2,517
;!,590
:1,652
;2,704
;1,684
;2.711
;1,734
:>,7IO
2,805
;1,749
:1,759
;',791

. .

". .

. . . . .

1Q

31

g :

11
1135
29

11 >.
ii31
li <
11
33
31

|i
!

For notes see end of table.

Digitized for FRASER


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

167
171
146
127
121
129
135
128
131
127
122
118
106
102
100
93
93
103
153
134
132
114
109
149

39
40
39
38
33
32
67
48

July...,
Aug
Sept.. . .
Oct
Nov
Dec

150
137
145
138
138
144
164
199
184
186
187
175

,250
,241
,254
,277
,279
,290
,320
,290
,293
,285
,314
,332

,811
,799
,814
,844
,845
,844
,884
,938
,935
,913
,937
,980

1952 Jan... .
Feb
Mar...
Apr
May..

Bank loans to others than


Money borrowed
brokers and dealers for purori ?--.,
chasing or carrying ^
.
|
\
Other
U. S. Govt
Other
U. S. Govt.
securities ? securities | securities ; securities

Net debit balances with


N.Y. Stock Exchange
firms secured by '

46
47
47
51
64

Broker and dealer credit

802

!
I
J

,
'

70
67
80
62
68
43
34
34
36
38
31
65

|
!

35
39
33
27
28
31
29
29
33
29
27
32

422
431
443
468*
489
508
501
544
534
543
605
561
587
577
572
597
596
587
576
570
561
557
558
573

i
j
!

38
43
42
38
63
69
121
147
141
133
141
136
110
79
36
32
36
35
42
39
40
45
40
36

561
558
560
567
566
554
564
648
642
628
623
648

34
38
37
36
34
41
161
60
43
29
31
30

741
739
740
730
724
689
713
683
673
669
691
780

44
33
29
28
47
50
45
48
41
75
87
88

788
752
767
787
870
856
841
863
90S
955
,001
,048

,020
,053
,080
,081
,103
,159
,177
,155
,161
,195
,221
,239

'
;

90
93
83
85
103
82
70
69
66
69
63
69
77
113
78
74
72
73
77
71
68
71
75
51

i1

.:

i
i
|

Customers'
net
free
credit l
balances

455
480
537
581
687
757
634
605
610
626
633
617

669
669
666
678
657
677
712
708
739
771
796
890

580
563
678
629
645
631
630
585
600
608
609
659

948
953
918
879
855
838
825
816
843
853
805
822

599
614
696
782
813
873
966
866
848
831
847
877

809
790
766
756
726
714
692
675
692
692
706
727

864
838
937
,040
,146
,167
,116
,134
,029
,024
,040
,074

732
730
744
738
673
659
650
641
674
672
682
713

,018
969
971
,009
,082
,092
,099
,125
,225
,295
,353
,529

741
768
787
819
836
847
877
910
924
924
972
1,019

,620
,666
1,861
1 ,988
2,047
2,020
2,003
1,994
2,056
2,088
2,185
2,250

1,069
1,063
1,022
973
928
917
918
887
977
920
876
894

MONEY RATES AND SECURITIES MARKETS


12.23

STOCK MARKET CREDITSERIES FOR 1938-67Continued


[In millions of dollars]
Customer credit

Month

Total
securities
other than
U. S. Gpvt.
securities

Net debit balances with


N. Y. Stock Exchange
firms secured by '
U. S. Govt.
securities

Broker and dealer credit

Bank loans to others than


brokers and dealers for2 purchasing or carrying

Other
securities

U. S. Govt.
securities

Other
securities

Money borrowed
on 3

U. S. Govt.
securities

Other
securities

Customers'
net
free
credit
balances '

1956Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4,040
3,991
4,038
4,043
4,047
4,009
4,026
3,979
3,950
3,914
3,946
3,984

36
34
31
33
38
34
31
33
33
36
32
33

2,786
2,740
2,786
2,788
2,810
2,786
2,812
2,785
2,782
2,748
2,784
2,823

37
36
40
40
40
48
45
41
42
42
43
41

,254
,251
,252
,255
,237
,223
,214
,194
,168
,166
,162
,161

54
52
50
44
42
39
31
38
42
45
43
46

2,148
2,137
2,127
2,145
2,186
2,195
2,211
2,048
2,071
2,086
2,071
2,132

905
913
960
896
870
836
858
872
866
835
822
880

1957^Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

3,902
3,846
3,832
3,938
3,924
4,031
4,004
3,929
3,882
3,643
3,577
3,576

29
35
28
28
39
31
32
30
35
39
42
68

2,761
2,729
2,713
2,792
2,794
2,887
2,885
2,833
2,789
2,568
2,517
2,482

41
31
27
28
26
25
23
24
21
31
33
60

,141
,117
,H9
,146
,130
,144
,119
,096
,093
,075
,060
,094

42
53
47
53
52
52
59
58
63
72
56
125

1,964
2,004
1,958
2,051
2,063
2,104
2,079
2,035
2,046
,708
,641
,706

866
828
820
807
817
820
829
816
838
879
876
896

1958Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

3,554
3,679
3,863
3,980
4,069
4,218
4,293
4,243
4,350
4,409
4,464
4,537

126
102
111
134
141
240
149
140
122
123
124
146

2,487
2,580
2,665
2,735
2,856
2,921
3,02!
3,013
3,109
3,188
3,245
3,285

58
79
86
70
75
84
113
48
51
59
50
63

,067
,099
,198
,245
,213
,297
,272
,230
,241
,221
,219
,252

188
199
206
230
244
468
306
251
210
193
210
234

,552
,647
,784
,822
,809
,930
,903
,751
,865
,832
,923
2,071

937
939
954
985
979
,047
,080
,103
,119
,140
,148
,159

1959Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4,597
4,569
4,636
4,764
4,758
4,734
4,654
4,534
4,449
4,408
4,467
4,461

155
157
153
166
164
158
153
154
156
168
165
150

3,297
3,253
3,305
3,401
3,385
3,388
3,374
3,269
3,250
3,210
3,273
3,280

62
65
55
55
58
58
168
169
166
161
161
167

,300
,316
,331
,363
,373
,346
,280
,265
,199
,198
,194
,181

230
223
218
252
252
237
228
217
231
227
236
221

,990
,963
,977
2,156
2,159
2,246
2,205
2,199
2,149
2,178
2,256
2,362

,226
,196
,257
,205
,188
,094
,079
,035
,039
967
974
996

I960Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4,372
4,281
4,165
4,161
4,142
4,221
4,143
4,252
'4,292
4,303
4,303
4,415

134
138
117
113
130
106
110

99
95

3,198
3,129
3,028
3,037
3,021
3,082
3,004
3,109
3,137
3,133
3,141
3,222

158
150
141
139
144
139
139
145
151
140
!33
138

,174
,152
,137
,124
,121
,139
,139
,143
,155
,170
,162
,193

190
202
161
185
208
162
187
173
177
161
139
142

2,233
2,194
2,059
2,155
2,115
2,110
2,042
2,063
2,143
2,139
2,129
2,133

998
981
988
940
970
,016
,018
,021
,059
,063
,062
,135

1961Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4,424
4,532
4,787
5,190
5,386
5,367
5,355
5,349
5,311
5,333
5,460
5,602

77
68
55
50
40
51
50
49
46
44
39
35

3,253
3,358
3,601
3,936
4,060
4,024
3,991
3,972
3,991
4,029
4,141
4,259

126
132
113
112
108
104
106
102
109
103
102
125

.171
,174
,186
,254
,326
,343
,364
,377
,320
,304
,319
,343

101
94
70
67
58
67
69
56
64
56
51
48

1,937
1,905
1,927
2,284
2,529
2,748
2,728
2,679
2,666
2,654
2,752
2,954

,269
,392
,507
,508
,453
,283
,207
,208
,227
,214
,213
,219

122

For notes see next page.

Digitized for FRASER


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

803

MONEY RATES AND SECURITIES MARKETS


12.23

STOCK MARKET CREDITSERIES FOR 1938-67Continued


[In millions of dollars]
Broker and dealer credit

Customer credit

Month

Total
securities
other than
U.S. Govt.
securities

Net debit bi lances with


N. Y. StoeV: Exchange
firms secur ed by *-U.S. Govt.
securities

Other
securities

Bank loans ts,> others than


brokers ant dealers for
purchasing o ' carrying 2
U.S. Govt.
securities

Other
securities

Money borr owed on 3

U.S. Govt.
securities

Other
securities

Customers*
net
free
credit l
balances

5,464
5,426
5,457
5,491
5,408
4,938
4,876
5,073
5,156
5,165
5,285
5,494

34
34
34
36
35
32
29
23
27
25
24
24

4,111
4,066
4,083
4,079
4,000
3,605
3,562
3,773
3,887
3,864
3,951
4,125

111
133
105
117
91
92
83
80
81
81
82
97

,353
,360
,374
,412
,408
,333
,314
,30
,269
,301
,334
,369

51
71
52
57
44
46
32
35
49
29
28
35

2,860
2,812
2,912
3,015
2,845
2,194
,091
,472
,689
,596
,SS8
2,75

1,225
1 , 190
1,154
1,110
1 ,205
1,374
1,252
1,130
1,091
1,126
1,151
1,216

5,595
5,717
5,754
5,978
6,229
6,420
6,511
6,660
6,971
7,180
7,298
7,242

28
23
28
27
24
32
25
23
41
29
34
26

4,208
4,332
4,331
4,526
4,737
4,898
4,895
5,034
5,316
5,495
5,586
5,515

95
91
100
99
75
104
81
87
86
83
90
140

,387
,385
,423
,452
,492
,522
,616
,626
,655
,685
,712
,727

32
35
63
33
33
44
29
23
69
33
28
32

2,895
3,059
3,129
3,239
3,655
3,909
3 S 836
3,933
4,100
4,218
4,457
4,449

1,199
1,191
1,175
1,201
1,166
1,149
1,126
1,093
1,180
1,176
1,211
1,210

1964 Jan. .
Feb
Mar,
Apr,
May
June
July
Aug.
Sept.
Oct
Nov
Dec

7,250
7,120
7,141
7,314
7,277
7,229
7,160
7,096
7,142
7,101
7,108
7,053

22
21
21
21
19
18
25
21
19
20
20
21

5,524
5,384
5,366
5,510
5,439
5,370
5,289
5,187
5,221
5,185
5,160
5,079

108
97
97
101
96
94
70
69
81
69
64
72

,726
,736
,775
,804
,838
,859
,871
,909
,921
,916
,948
,974

41
33
18
17
113
156
266
191
109
102
184
222

4,210
4,158
4.13H
4,411
4,362
4,275
4,129
4,090
4,122
4,053
3,951
3,910

1,262
1,199
1 ,231
1,165
1,138
1,146
1,114
1,077
1,145
1,155
1,131
1,169

1965 Jan
Feb.
Mar
Apr.
May.....
June.
July
Aug.
Sept.
Oct.
Nov.
Dec.

6,940
6,872
6,941
7,001
7,085
7,084
6,833
6,874
7,036
7,117
7,304
7,705

33
31
30
30
26
26
24
22
22
23
23
22

4,986
5,007
5,055
5,066
5,129
5,114
4,863
4,886
4,994
5,073
5,209
5,521

70
76
129
67
75
73
69
68
88
95
93
101

,954
,865
,886
,935
,956
,970
,970
,988
2,042
2,044
2,095
2,184

177
132
106
213
157
225
82
145
86
150
134
130

3,763
3,748
3,894
3,853
4,030
4,211
3,594
3,626
3,522
3,403
3 , 527
3,576

1,207
1,254
1,264
1,207
1,208
1,297
1,233
1,192
1 ,369
1,475
1 ,479
1,666

1966 Jan.
Feb
Mar.
Apr. .
May
June
July
AUK.
Sept
Get
Nov,
Dec

7,726
7,950
7,823
7,991
7,905
8,001
7,870
7,811
7,525
7,302
7,352
7,443

24
24
26
27
29
29
34
35
45
47
57
58

5,551
5,753
5,645
5,835
5,768
5,770
5,667
5,609
5,355
5,169
5,217
5,329

104
101
105
92
88
87
116
115
106
95
93
76

2,175
2,197
2,178
2,156
2,137
2,231
2,203
2,202
2,170
2,133
2,135
2,114

126
34
108
193
153
126
55
109
103
198
97
240

3,543
3,552
3,495
3,665
3,588
3,683
3,731
3,676
3,434
3,151
3,166
3,472

1,730
t ,765
1,822
1 ,744
1,839
1 ,658
1,595
1 ,595
1,528
1,520
1,532
1 ,637

1967 Jan
Feb
Mar
Apr
May
June
July
Aue
Sept.
Oct
Nov
Dec.

7,345
7,415
7,808
7,969
8,085
8,333
8,800
8,869
9,162
9,433
9,495
10,347

84
95
86
77
40
29
33
70
119
101
147
65

5,290
5,349
5,718
5,819
5,926
6,166
6,603
6,607
6,825
7,010
7,053
7,883

70
75
68
68
6H
70
76
77
96
77
79
90

2,055
2,066
2,090
2,150
2,159
2,167
2,197
2,262
2,337
2,423
2,442
2,464

267

2,920

1,914
1 ,936
2,135
2,078
2,220
2,231
2,341
2,281
2,401
2,513
2,500
2,763

1962- Jan.
Feb
Mar
Apr.
May
June
July
Aug.
Sept.
Oct
Nov.
Dec,
19 63= jan
Feb.
Mar.
Apr
May
June
July
Aug.
Sept.
Oct
Nov.
Dec.

.. .

. .

End-of-month ledger balance of member firms of the NYSE carrying


margin accounts, as reported to the Exchange.
" Last-Wednesday-of-rnonth, figures for weekly reporting member
banks through June 1965, and for large commercial banks reporting
weekly thereafter.

Digitized for FRASER


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

804

s Member firms of the NYSE carrying margin accounts; end-ot-month


data through May 1955, last Wednesday thereafter.

MONEY RATES AND SECURITIES MARKETS


12.24

DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-67
(In millions of dollars]

June

DEBIT BALANCES
Cash on hand and in banks
. ..
180
Securities
13
Borrowed . .
Sold delivery pending (failed to deliver), . . . . . . .
18
Net debit balances due from
Member firms of national securities exchanges;
33
N Y Stock Exchange
7
Other exchanges
All other customers exclusive of firms' own
partners secured by
U S Govt securities
f 496
Other collateral
Net debit balances in partners' individual invest9
ment & trading accounts
Debit balances in
Firm investment accounts
\ 86
Firm trading & underwriting accounts
Commodity margins on deposit with banks &
13
commodity guaranty funds on deposit
48
All other debit balances
..
Total

904

CREDIT BALANCES
309
Money borrowed
From banks and trust companies:
U S agencies of foreign banks
f 305
U.S. banks:
253
In New York City
52
ElscwhsTc
From other lenders (not including members of
4
national securities exchanges) ^ . .
Securities
20
Loaned
16
Bought delivery pending (failed to receive) . .
Net credit balances due to member firms of
national securities exchanges:
33
N Y. Stock Exchange
5
Other exchanges
Credit balances of other customers exclusive of
firms' own partners; .
240
Free credit balances
56
Other net credit balances
Credit balances & money borrowed which are
subordinated to general creditors under
approved agreements
Net credit balances in partners' individual invest16
ment & trading accounts

Credit balances in firm investment & trading


4
accounts
>
All other credit balances (except those included
16
in the next item)
Net balance in capital, profit & loss, & partners'
189
drawing accounts
....
Total

904

19 44

19 43

19 42

Item

Dec.

Dec.

Dec.

June

Dec.

June

Dec.

June

160

167

181

196

209

220

313

370

456

395

393

12
53

20
51

17
40

24
65

25
81

34
108

32
143

23
106

18
56

26
61

28
75

35
g

50
7

48
7

49
g

60
9

68
7

64
13

43
12

33
6

31
5

38
9

543

761

789

888

1,041

1,223

1,138

809

540

552

578

11

11

12

188

253

260

333

413

399

312

333

315

49

12
60

12
48

15
63

15
81

25
92

29
78

32
78

47
74

1,562

1,751

2,081

2,224

1,885

1,532

1,519

1,563

619

726

854

795

498

218

223

240

616
539
77

722
641
81

849
749
100

789
688
101

493
424
69

215
182
33

219
189
30

237
205
32

43
65

54
74

Dec.

154

190

45

11
51

1,029

1,317

1,340

378

529

558

373
317
56

527
472
55

ccc

555
483
72

10

June

June

19
49

30
47

28
35

37
61

38
77

47
111

48
153

44
113

31
57

34
5

51
5

48
7

51
6

56
4

67
6

63
9

49
9

35
6

32
7

35
10

270
54

334
66

354
65

425
95

472
96

549
121

654
112

651
120

694
120

650
162

612
176

15

15

14

15

18

14

29

24

30

24

23

11

13

13

17

10

15

20

23

29

27

30

34

50

46

42

33

50

182

212

198

216

227

264

299

314

290

271

273

1,029

1,317

1,340

1,562

1,751

2,081

2,224

1,885

1,532

1,519

1,563

For notes see end of table.

Digitized for FRASER


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

19 47

19 46

19 45

805

MONEY RATES AND SECURITIES MARKETS


12.24

DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-67Continued
[In millions of dollars]

June
30

DEBIT BALANCES
Cash on hand and in banks
SecuritiesBorrowed
,
Sold, delivery pending (failed to deliver)
Net debit balances due from
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
All other customers exclusive of firms' own
partners secured by
U.S. Govt. securities
Other collateral
...
Net debit balances in partners' individual investment & trading accounts. .
Debit balances inFirm investment accounts. . .
.....
Firm trading & underwriting accounts
Commodity margins on deposit with banks &
commodity guaranty funds on deposit
All other debit balances . . . . . . .
...
Total

....

CREDIT BALANCES
Money borrowed
From banks and trust companies:
U.S. agencies of foreign banks
U S banks
In New York City
JSHcwftcfc
* .......
From other lenders (not including members of
national securities exchanges) '

Dec.
31

June
30

.0

Bought delivery pending (failed to receive) . .


Net credit balances due to member firms of.
national securities exchanges;
N Y Stock Exchange . . . .
Credit balances of other customers exclusive of
firms* own partners:
Free credit balances
Other net credit balances
Credit balances & money borrowed which are
subordinated to general creditors under
Net credit balances in partners* individual investment & trading accounts
.
Credit balances in firm investment & trading
accounts
< .
...
All other credit balances (except those included
Jn next item)
....
Net balance in capital, profit & loss, & partners'
drawing accounts
. ...
....
Total

June
30

Dec.
31

19 53

June
30

D
3T-

June
30

Dec.
31

June
30

Dec.
31

349

280

306

314

397

364

378

365

343

2S2

297

27
73

20
54

31
55

10

80

38
114

151

50
94

51
97

43
79

38
100

17
67

62
99

36
s

33
6

40

49

79
14

74
14

72
14

75
13

81
12

82
15

100
11

SS
10

1 ^.
619

550

681

1,256- 1,356

1,275

1,292

1,327

1,362

1 ,684

1,694

.;

10

881
5

12

10

12

,,.
312 1

419

400

386

399

375

392

427

406

34?

404

33
65

34
69

25
66

26
82

31
81

41
106

43
93

V
96

42
110

49
105

3?
9i

37
105

1 525

1 435

1 611

1 1 876

2 324

2 591

2 390

2 458

2493

2,506

2,665

2,804

}> ,,,
326

1,170
1,155
982
J73

283

257

493

523

827

745

680

695

912

920

1,2I6

\ 276
247
29

253
220
33

487 j
440
41

517
471
46

814
744
70

738
663
75

670
615
55

687
622
65

902
825
77

898
807
91

1.196
1M6
130

13

10

10

22

?0

,,

69

86

70
113

71
142 i

74
94

83
98

72
85

72
98

68
67

110
97

41
6

45
8

74
7

60
10

64
10

63
10

71
9

63

to

89
6

75
8

586
112

528
129

633
159

673
166

890
230

834
225

816
259

708
219

724
200

653
163

20

28

25

36
j

26

42

23

35

71

28

20
9*

26

It

15

11

12

13

16

16

31

51

67

55

59

45

54

324

315

319

313

2,493

2,506

2.665

2,804

44
79

35
54

50
48

36
7

33
7

576
145

34

41

28

41

46

78

291

278

260

271

312

317

319

314

1,525

1 435

1.611

1,876

2,324

2,591

2,390

2,458

For notes see end of table.

Digitized for FRASER


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

Dec.
31

19 52

19 51

332

SecuritiesLoaned * . .

19 50

19 49

1948

Item

806

.
208

MONEY RATES AND SECURITIES MARKETS


12.24

DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-67Continued
[In millions of dollars]

1954

19 55

19 56

1958

1959

Item
June 30 Dec. 31 June 30 Dec. 31 June 30 Dec. 31 June 30 June 30
DEBIT BALANCES
Gash on hand and in banks
Securities
Borrowed
Sold delivery pending (failed to deliver)
Net debit balances due from
Member firms of national securities exchanges:
N Y Stock Exchange
. .
Other exchanges
All other customers exclusive of firms' own partners secured by
U.S. Govt. securities
Other collateral
. . .
Net debit balances in partners' individual investment & trading
Debit balances inFirm investment accounts

309

348

337

331

322

336

91
207

85
214

75
168

65
148

79
183

324
134
170

363

64
122
77
10

114
15

144
16

162
13

151
14

157
16

132
15

159
18

\ , _,
J 1,857

2,443

2,768

2,830

34
2,811 /\ 2 832

253
2 926

165
3 370

10

11

14

18

20

35

36

492

626

673

707

215
625 /\ 348

335
486

286
336

41
98

44
116

35
144

38
188

38
137

34
134

23
151

39
190

3 080

4 014

4 430

4 530

4 332

4 388

4 985

5 382

1 173

1 616

2 1 15

2 345

2 266

2 2 195

2 387

2 508

2,078 /\ 1 622
743

605
1 871
I 428
444

i
J

Commodity margins on deposit with banks & commodity guaranty


funds on deposit
AH other debit balances
,
,
Total

J__

21

CREDIT BALANCES

Money borrowed
From banks and trust companies:
U S . agencies of foreign banks
U S banks
In New York City
JElscwhcfs,
, ,
,

From other lenders (not including members of national securities


exchanges) '
.
SecuritiesLoaned
Bought delivery pending (failed to receive)
Net credit balances due to member firms of national securities
exchanges:

N.Y. Stock Exchange


Other exchanges
Credit balances of other customers exclusive of firms' own partners:
Free credit balances
-.
Other net credit balances
.
Credit balances & money borrowed which are subordinated to general
creditors under approved agreements
Net credit balances in partners* individual investment & trading
accounts
Credit balances in firm investment & trading accounts
All other credit balances (except those included in next item)
Net balance in capital profit & loss & partners* drawing accounts

1) 1,159
. , *.
976
183

Total
Money borrowed, according to collateral:
Customer collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act
1934):
U S Govt or agency
Other securities .
.
..
Nonexempt securities or mixed collateral
Firm or partners* collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act
1934):
U S Govt or agency
Other securities

1,603
1 343
260

2,075
1 744
331

2,319

2,231

2 010
309

1 872
359

1 712
'366

14

14

40

27

35

69

21

31

116
123

162
201

156
218

130
167

124
156

140
177

187
181

204
294

68
11

96
14

126
11

129
7

123
g

125
g

120
9

132
13

838
248

1 023
287

918
241

889
227

837
207

878
229

1 034
367

1 070
*277

20

22

23
45
64
372

53
65
95
401

31
62
85
467

44
27
102
462

34
34
78
466

36
37
90
471

34
82
83
483

38
71
149
604

3,080

4 014

4 430

4 530

4 332

4 388

4 985

5 382

245
150
1 451

156
161
1 824

204
98
239
1

105
64
198

24
316

24
320

Unsecured
Value of securities sold under repurchase agreements
Number of firms . . . . . .
. .. , ,

299

For notes see end of table.

Digitized for FRASER


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

1 402
341

129
291

807

301

303

306

MONEY RATES AND SECURITIES MARKETS


12.24

DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
MY. STOCK EXCHANGE CARRYING MARGIN ACCOUNTS, 1942-67Continued
[In millions of dollars!

Item

1960

1961

June 30
1 ""~ 1
1962 ! 1963
1964

1965

1966

1967

DEBIT BALANCES
366

422

437

422

466

515

fl

686

96
334

152
530

151
368

181
275

201
369

255
448

515
823

805
1,588

134
22

216
36

169
22

219
25

199
25

201
20

226
31

231
60

104
3,081

4,024

4S

32
3,604

31
4,916

33
5,351

24
5,149

46
5,800

29
6,203

37

58

74

70

78

84

90

109

309
374

293
582

243
520

247
694

264
959

325
1,445

358
1,240

477
1,618

23
218

22
309

30
303

31
347

28
389

41
410

S5
519

49
1,024

5,097

6,694

5,954

7,460

8,364

8,917

10,304

12,880

2,331

2,880

2,305

4,027

4,499

4,541

3,969

3,690

806
1,473
1J57
316

817
2,016
1,515
501

525
1,739
7,007
732

815
3,156
1,852
1,303

859
3,626
2,273
1,353

711
3,803
2,662
1 , 180

552
3 ,373
2,5fS'
8SV

494
3,118
2,215
903

Cash on hand and in banks . . .


Securities Borrowed
.
. . . .
. . . .
Sold, delivery pending (failed to deliver)
.
Net debit balances due from
Member firms of national securities exchanges:
N.Y. Stock Exchange
Other exchanges
.
...
All other customers exclusive of general partners or voting stockholders secured by- =
U.S. Govt. securities
Other collateral
Net debit balances in general partners' or voting stockholders1 individual
investment and trading accounts
Debit balances in
Firm investment accounts
Firm trading and underwriting accounts
.
Commodity margins on deposit with banks and commodity guaranty
funds on deposit
. ..
All other debit balances
Total.

..

...

CREDIT BALANCES
Money borrowed,
. ..
From banks and trust companies:
XJ.S. agencies of foreign banks
U.S. banks . .
In New York City
Else where
,.
.....
...
. .
From other lenders (not including members of national securities
exchanges)
..
...
..
...
Securities Loaned
.. ..
.
Bought, delivery pending (failed to receive)
Net credit balances due to member firms of national secutities exchanges:
N.Y. Stock Exchange
Other exchanges . . .
,.
...
Credit balances of other customers exclusive of general partners or voting
stockholders:
Free credit balances
Other net credit balances,
.
.
Credit balances and money borrowed which are subordinated to general
creditors under approved agreements
.
.....
Net credit balances in general partners' or voting stockholders' individual investment and trading accounts. . . .
...
Credit balances in firm investment and trading accounts.
All other credit balances (except those included in next item)
Net balance in capital, profit and loss, and general partners' or voting
stockholders' drawing accounts

51

47

41

56

14

28

79

167
352

233
568

211
363

244
289

268
393

340
433

664
851

674
1,660

120
11

174
23

153
17

202
12

192
14

187
12

20:5

26

261
48

1,006
246

1,264
335

1,330
441

1,115
369

1,126
405

1,298
477

1,643
836

2,208
1,155

25

31

51

90

111

141

154>

190

37
61
129

47
100
241

43
76
193

36
116
200

37
173
279

48
214
306

59
270^
504

81
556
704

612

797

771

759

866

919

1,125

1,353

5,097

6,695

5,954

7,460

8,364

8,917

10,304

12,880

96
123
1,722

38
108
2,289

23
93
1,833

27
IBS
3,181

156
>.

10

12
104
3,301

18
100
2,919

13
103
2,184

107
99
182

41
104
300

24
106
227
1

19
119
492

166
125
425
*

320
116
686
2

136
147
645
3

336
127
926
1

Value of securities sold under repurchase agreements


Number of firms

24
328

27 >i
336

42 1
337

44
335

134
331

137
331

122
328

326
324

1
Before 1948 probably includes some borrowing from U.S. agencies of
foreign banks.

2 Includes S48 million of money borrowed secured by U.S. Govt.


securities not further classified.
NOTE.Details may not add to totals because of rounding.

Total.
Money borrowed, according to collateral:
Customer collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act U.S. Govt. or agency
Other securities . . .
..
...
Nonexempt securities or mixed collateral.
Firm or general partners' or voting stockholders' collateral:
Exempt securities (under Sec. 3(a) of Securities Exchange Act 1934):
U.S. Govt. or agency
Other securities .
.
...
Nonexempt securities or mixed collateral
Unsecured.

Digitized for FRASER


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

808

MONEY RATES AND SECURITIES MARKETS


12.25
DETAILED DEBIT AND CREDIT BALANCES AND RELATED ITEMS OF MEMBER FIRMS OF THE
NEW YORK STOCK EXCHANGE AND THE AMERICAN STOCK EXCHANGE CARRYING MARGIN
ACCOUNTS, 1968-70
[In millions of dollars]
June 30, 1968
Item

NYSE AMEX
member member
firms
firms 1

June 30, 1969

All
firms

June 30, 1970

NYSE AMEX
member member
All
firms
firms 'firms

NYSE AMEX
member memberl
firms
firms

All
firms

DEBIT BALANCES
Cash on hand and in banks
Securities
Borrowed, . .
Sold delivery pending (failed to deliver)
Net debit balances due from member firms of national securities exchanges
Debit balances due from all other customers, exclusive of general partners or voting stockholders -Total
In stock margin accounts
In convertible bond margin accounts
In subscription accounts
In cash accounts . .
In other (including U,S, Govt. securities)
Net debit balances in general partners' or voting stockholders'
individual investment and trading accounts
Debit balances inFirm investment accounts
Firm trading and underwriting accounts
Commodity margins on deposit with banks, and commodity
guaranty funds on deposit
All other debit balances
Total.. .

868

11

879

978

25

1,003

735

11

746

1,347
3,722

14
121

1,361
3,843

1,226
2,188

21
80

1,247
2,268

656
783

11
21

668
804

484

23

507

496

28

524

221

224

9,249
6,130
100
104
2,675
240

38
20

9,287
6,150
101
105
2,690
241

8,316
4,988
160
85
2,661
422

40
15
2

8,356
5,002
162
85
2,682
424

5,592
3,826
197
48
1,152
369

24
10
1

5,615
3,836
198
48
1,162
372

15
2

22
2

9
4

100

102

127

133

80

81

637
1,673

44
128

682
1,801

696
2,317

47
154

743
2,471

636
2,493

29
158

665
2,651

66
1,103

9'

67
1,112

82
1,411

17

83
1,429

73
1,298

1
15

74
1,313

19,250

390

19,640

17,838

420

18,258

12,567

274

12,841

4,017

127

4,144

4,243

152

4,394

3,715

157

3,872

2,419
927
581

41
39
20

2,460
966
601

2,7/6
822
483

65
3
34

2JBO
825
517

2,020
886
293

63
6
10

2,083
892
303

89

28

117

223

49

272

516

78

594

1,542
4,014

2
113

1,544
4,127

1,355
2,406

2
79

1,357
2,485

703
871

23

704
894

CREDIT BALANCES
Money borrowed Total 2
From banks and trust companies:
In New York City
Elsewhere in the United States
From U.S. agencies of foreign banks
From other lenders (not including members of national securities exchanges) . . .
Securities
Loaned
Bought delivery pending (failed to receive)
Net credit balances due to member firms of national securities
exchanges .
Credit balances due to other customers exclusive of general
partners or voting stockholders Total
In free credit balances in cash accounts.
In free credit balances in margin accounts
In credit balances in short accounts
In other net credit balances
Credit balances and money borrowed which are subordinated
to general creditors under approved agreements
Net credit balances in general partners' or voting stockholders'
individual investment and trading accounts.
Credit balances in firm investment
and trading accounts
Net balance in capital accounts 3 and profit and loss accounts
and general partners' or voting stockholders' drawing
accounts. . .
All other credit balances. . ,
Total .
Memoranda :
Money borrowed, according to collateral:
Secured by customers' collateral :
Entirely by obligations of U.S. Govt. or its agencies. . .
Entirely by bonds other than convertible bonds and
U.S. Govt. securities.
By nonexempt securities or mixed collateral
'. . .
Secured by firm or general partners' or voting stockholders' collateral:
Entirely by obligations of U.S. Govt. or its agencies. . .
Entirely by bonds other than convertible bonds and
and U.S. Govt. securities
By nonexempt securities or mixed collateral
Unsecured borrowing other than subordinated to general
creditors
Total . . .
Amount to be repaid for securities sold under repurchase
agreements. . . .
Number of firms

431

14

446

381

15

396

197

203

5,565
2,687
728
1,064
1,086

46
22
3
7
14

5,611
2,709
731
1,072
1,100

5,331
2,528
711
921
1,170

67
35
7
10
16

5,398
2,563
718
931
1,186

3,607
1,740
505
629
732

35
21
7
5
4

3,642
1,761
512
633
736

243

248

375

381

448

454

99
589

3
26

102
616

133
731

21

134
752

121
587

9'

121
595

1,736
1,014

37
16

1,773
1,030

1,936
948

51
26

1,987
973

1,612
707

27
10

1,639
717

19,250

390

19,640

17,838

420

18,258

12,567

274

12,841

61

63

127

127

31

30
2,805

J3

30
2,818

54
2,854

2
14

56
2,868

53
1,967

4'

53
1,971

48

94

142

198

104

302

685

120

805

101
957

1
14

102
972

108
886

1
17

109
903

281
688

3
21

283
709

13

16

15

15

30

10

19

4,017

127

4,144

4,243

152

4,394

3,715

157

3,872

192
346

67
19

259
365

515
352

35
19

550
371

1,223
346

1
These are members only of the American Stock Exchange (AMEX);
AMEX
members that are NYSE members are included under NYSE.
2
Excluding subordinated borrowing.

Digitized for FRASER


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

31

i?'

1,223
363

3
Excluding subordinated indebtedness included in the item above,
"Credit balances and money borrowed, etc."
NOTEDetails may not add to totals because of rounding.

809

MONEY RATES AND SECURITIES MARKETS


12.26

MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-63
[In millions of dollars]
By firms not carrying
margin accounts

Month

Total

1941 Jan
Feb
Mar
Apr
May
July
Aug
Sept.. , . ....
Oct
Nov
*, ..
Dec
1942 Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

By firms carrying
margin accounts

On
On
U.S. On
U.S. On
Total Govt. other Total Govt, other
secu- secusecu- securities rities
rities rities

By firms not carrying


margin accounts
Total

Month

On
On
U.S. On
U.S. On
Total Govt. other Total Govt. other
secu- secusecu- securities rities
rities
rities

413
403
413
383
453
416
404
513
417
444
436
389

21
34
30
19
54
24
20
56
23
33
29
25

392
369
383
364
399
393
384
457
394
412
407
363

1947-.-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

294
291
302
278
310
416
313
335
378
333
313
301

84
74
86
72
109
191
62
95
97
76
66
57

45
30
45
37
79
151
29
67
61
38
27
13

325
340
330
335
324
340
346
326
365
357
342
449

19
29
23
34
25
32
38
29
54
51
26
70

305
311
307
301
299
308
308
297
311
306
316
380

1948 Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

285
291
272
311
385
397
375
323
306
303
347
421

68
83
43
70
127
113
88
72
67
51
102
158

26
25
12
32
92
74
46
37
39
18
69
117

1 949Jan
Feb
Mar
Apr
May
June

339
313
396
480
495
696
542
538
573
572
580
674

92
88
143
150
140
198
142
134
154
156
135
166

66
59
114
109
100
81
88
64
81
93
63
77

By firms carrying
margin accounts

40
44

210
217
2 lf
205
201
224
251
241
280
257
247
244

62
56
56
45
51
55
75
83
78
72
72
44

149
161
160
161
150
169
176
157
202
185
175
199

42
58
31
38
36
39
42
35
28
33
33
40

217
20H
229
241
258
284
288
252
238
252
244
264

37
49
56
63
62
66
69
47
33
32
49
53

180
159
173
177
196
218
218
205
205
219
196
210

27
41
117
55
70
73
64
72
88

247
225
254
329
355
498
399
404
418
416
445
509

191
55
52
173
64
190
260
69
64
290
84 415
83
316
323
81
62 i
357
60
356
52
393
454
55

38
41
36
30
41
34
28

11

1943Jan
331
356
Feb
387
Mar
Apr. . . . , . o .727
.
May
621
608
July
619
Aug
4
596
Sept .,.,,.,.. 942
873
Oct
718
Nov
683
Dec

37
35
36 "*23
142
157
75
58
72
57
86
49
107
92
154
174
130
108
114
94
97
115

13
15
17
15
37
15
20
22
20
19

294
321
351
570
546
536
532
489
768
743
604
567

52
220
139
93
78
67
286
264
176
138

299'
350
407
443
454
422
482
479
428
430

1944 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1945 Jan
Feb
Mar
Apr
May
June
July
AUG
Sept
Oct
Nov
Dec

731
811
747
697
655
864
787
743
780
813
878
973

167
162
117
97
110
225
124
111
141
145
234
205

140
115
83
63
68
180
89
84
107
100
192
165

28
47
35
34
42
45
35
28
34
44
42
40

563
649
630
600
545
639
663
632
638
668
644
768

143
194
178
165
120
166
188
158
151
149
167
248

420
455
452
435
426
472
475
474
488
519
478
520

1950Jan
Feb
Mar . .
Apr
May
June
July
Aug
....
Sept
Oct
Nov
Dec

637
643
723
806
912
962
936
842
883
884
923
909

145
120
144
187
162
137
182
90
132
125
150
156

56
45
71
88
78
47
102
32
63
63
79
75

88
75
72
99
84
89
80
58
69
62
70
81

493
522
579
619
750
826
755
752
751
759
774
753

38
43
42
38
63
69
121
147
141
133
141
136

455
480
537
581
687
757
634
605
610
626
633
617

913
891
832
874
983
1.183
1,024
947
947
911
963
1,074

181
160
110
173
242
314
200
189
185
168
252
265

142
118
67
132
193
259
144
144
135
106
186
203

39
42
44
41
49
54
56
45
50
62
66
62

732
731
722
701
742
869
824
759
762
743
711
809

206
197
170
162
173
230
213
207
215
217
236
292

526
534
551
539
568
639
611
551
547
526
475
517

1951Jan
Feb
Mar
Apr
May
June
July

153
119
150
88
93
81
121
82
87
84
103
155

68
54
25
16
23
21
45
23
20
17
31
59

85
66
125
72
71
60
76
59
68
67
73
95

690
642
715
661
681
666
672
624
640
653
649
695

110
79
36
32
36
35

Sept
Oct
Nov
Dec

844
762
864
749
774
747
793
706
727
737
753
850

36

580
563
678
629
645
631
630
585
600
608
609
659

883
809
895
745
732
732
598
509
408
371
398
357

149
165
273
169
185
216
156
132
103
117
160
128

100
126
228
107
133
163
98
85
62
85
134
92

48
39
45
62
52
53
58
47
40
32
26
37

734
645
622
575
547
516
442
377
305
253
238
229

262
244
231
199
191
178
143
119
94
75
72
66

472
401
390
377
356
338
299
258
211
178
166
163

19 52 Jan
Feb
Mar
Apr
May
June
July
Auc
Sept
Oet
Nov
Dec.

691
714
808
955
968
1,162
1,463
1,063
1,013
1,019
1,097
1,207

59
62
74
137
120
248
337
137
122
158
220
299

1
3

58
633
59
652
734
69
70 818
73
847
914
79
191 1,126
926
93
97
891
860
81
877
88
125
907

34
38
37
36
34
41
161
60
43
29
31
30

599
614
696
782
813
873
966
866
848
831
847
877

1946Jan
Feb
Mar
Apr
May
June
July
AUR
Sept
Oct
Nov
Dec

For Note see end of table.

Digitized for FRASER


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

810

July

Sept
Oct.,
Nov
Dec

....

68
47
169
146
44
25
77
132
175

i!41

5
8
40

MONEY RATES AND SECURITIES MARKETS


12.26 MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-63 Continued
[In millions ofdollarrf]
By firms not carrying
margin accounts
Month

Total
Total

On U. S.
Goyt.
securities

By firms carrying margin accounts

On

other
securities

Total

On U. S,
Govt.
securities

On other securities

Total

Customer
collateral

Other
collateral

1953Jan,..
Feb...
Mar..
Apr..,
May..
June.,
July..
Aug..
Sept..
Oct...
Nov..
Dec..,

1,015
979
1,086
,216
,302
,362
,335
,333
,228
,249
,357
,461

107
107
120
149
109
145
174
152
158
151
231
299

18
11
10
30
25
54
96
81
65
53
70
146

89
96
110
119
84
90
78
70
94
97
161
154

908
871
966
,068
,193
,218
,161
,182
,070
,098
,126
,162

44
33
29
28
47
50
45
48
41
75
87
88

864
838
937
1,040
1,146
1,167
1,116
1,134
1,029
1,024
1,040
1,074

1954Jan...
Feb...
Mar.
Apr..,
May.
June.
July..
Aug..
Sept..
Oct...
Nov.,
Dec..,

,263
,207
,228
,237
,400
,460
,399
,503
,606
,631
,698
,919

155
145
174
143
214
287
230
310
315
267
281
321

49
28
64
21
81
143
83
142
102
87
102
102

106
117
110
122
133
144
147
168
212
180
179
219

,108
,062
,054
,094
,186
,174
,169
,194
,291
,364
,416
,598

90
93
83
85
103
82
70
69
66
69
63
69

1,018
969
971
,009
,082
,092
,099
,125
,225
,295
,353
,529

1955Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

904
,971
2,105
2,,223
2,306
2,288
2,354
2,276
2,329
2,453
2,501
2,569

208
192
166
161
187
195
274
211
205
293
241
268

48
33
10
18
28
16
85
38
28
55
31
43

160
158
156
143
159
179
189
174
178
238
210
225

,696
,779
,939
2,062
2,119
2,093
2,080
2,064
2,124
2,159
2,260
2,301

77
113
78
74
72
73
77
71
68
71
75
51

,620
,666
,861
,988
2,047
2,020
2,003
1,994
2,056
2,088
2,185
2,250

1,636
,659
,681
,675
,685
,705
,711
,741
,816

352
388
339
328
309
351
377
444
434

1956Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

2,438
2,438
2,417
2,411
2,442
2,457
2,440
2,273
2,313
2,300
2,271
2,474

236
250
240
222
213
222
198
186
201
168
157
296

30
31

25
32
28
27
19
10
43
9
17
104

206
219
215
190
185
195
180
176
158
159
140
192

2,202
2,189
2,177
2,189
2,228
2,234
2,242
2,087
2,113
2,132
2,114
2,178

54
52
50
44
42
39
31
38
42
45
43
46

2,148
2,137
2,127
2,145
2,186
2,195
2,211
2,048
2,071
2,086
2,071
2,132

,734
,756
,742
,794
,842
,853
,873
,742
,777
,788
,822
,852

414
381
385
351
344
342
338
306
294
298
249
280

1957Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

2,176
2,233
2,169
2,272
2,287
2,394
2,304
2,303
2,289
1,952
1,862
2,185

170
177
164
168
172
239
166
210
181
172
164
354

42
22
13
14
24
68
35
81
33
33
35
111

128
154
151
154
148
170
131
130
147
139
129
243

2,006
2,057
2,005
2,104
2,115
2,156
2,138
2,093
2,108
,831

42
53
47
53
52
52
59
58
63
72
56
125

1,964
2,004
1,958
2,051
2,063
2,104
2,079
2,035
2,046
1,708
1,641
1,706

,734
,727
,729
,789
,810
,872
,874
,836
,800
,520
,443
,494

230
277
229
262
253
232
205
199
246
188
198
212

1958Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1,936
2,057
2,216
2,445
2,515
3,079
2,741
, . 2,224
2,226
2,218
2,417
2,695

196
211
226
394
462
681
532
223
151
193
284
390

83
62
70
220
298
491
383
91
44
92
173
272

114
148
157
174
164
190
149
132
107
101
111
118

,740
,846
,990
2,051
2,053
2,398
2,208
2,002
2,075
2,025
2,133
2,306

199
206
230
244
468
306
251
210
193
210
234

1,552
1,647
1,784
1,822
1,809
1,930
1,903
1,751
1,865
1,832
1,923
2,071

,344
,392
,465
1,443
1,495
1,591
1,594
1,523
1,628
1,612
1,677
1,797

208
255
319
379
314
339
309
228
237
220
246
274

For Note see end of table.

Digitized for FRASER


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

811

,781

,697

MONEY RATES AND SECURITIES MARKETS


12.26

MONEY BORROWED BY MEMBER FIRMS OF THE NEW YORK STOCK EXCHANGE, 1941-33

Continued

[In millions of dollars]


By firms not carrying
margin accounts
Month

Total
Total

By firms carrying margin accounts

i
On U. S. i
On
Govt.
other
securities securities

Total

On U. S.
Govt.
securities

On other securities
Total

(
Customer j Other
collateral collateral

1959- Jan
Feb
Mar
Apr. .
May
June .
July
AUK
Sept
Oct.. . . . .
Nov
Dec

2,570
2,478
2,511
2,888
2,872
2,822
2,842
2,802
2,682
2,812
2,925
2,982

350
292
316
480
461
339
409
386
302
407
432
399

235
189
198
304
291
236
298
271
196
297
292
232

114
102
118
176
170
104
111
115
106
110
140
167

2,221
2,186
2,195
2,408
2,411
2,483
2,433
2,416
2,380
2,405
2,493
2,583

230
223
218
252
252
237
228
217
231
227
236
221

1,990
1,963
1,977
2,156
2,159
2,246
2,205
2,199
2,149
2,178
2,256
2,362

,741
,722
.723
,52
,57
,1*70
,949
,945
,906
,923
,999
2,044

249
241
254
304
302
276
256
254
243
255
257
318

1960- Jan
Feb
Mar
Apr
May
June
July..
Aug . . .
Sept
Oct.
Nov
Dec

2,720
2,917
2,758
2,923
2,896
2,880
2,880
2,951
3,009
3,006
2,990
3,159

297
521
538
583
573
608
651
715
689
706
722
884

174
377
378
414
414
433
490
547
507
533
530
683

123
144
160
169
159
175
161
168
182
173
192
202

2,423
2,396
2,220
2,340
2,322
2,272
2,229
2,236
2,320
2,300
2,268
2,275

190
202
161
185
208
162
187
173
177
161
139
142

2,233
2,194
2,059
2,155
2,U5
2,110
2,042
2,063
2,143
2,139
2,129
2,133

,995
,945
,821
,833
,820
,832
,801
,820
,871
,849
,815
,806

238
249
238
272
295
278
241
243
272
290
314
327

2,739
2,853
2,617
2,945
3,104
3,356
3,510
3,238
3,361
3,424
3,566
3,739

702
854
620
593
517
541
712
503
632
713
763
736

569
712
491
466
367
374
572
385
485
586
621
570

132
142
129
127
151
167
140
119
147
127
142
167

2,038
1,999
1,997
2,351
2,587
2,815
2,798
2,734
2,730
2,710
2,803
3,003

101
94
70
67
58
67
69
56
64
56
51
48

1,937
1,905
1,927
2,284
2,529
2,748
2,728
2,679
2,666
2,654
2,752
2,954

,677
,615
,624
,947
2,180
2,363
2,393
2,363
2,388
2,360
2,434
2,572

3,331
3,378
3,740
3,682
3,347
2,807
2,431
3,143
3,688
3,505
3,488
3,847

421
496
776
610
458
567
307
637
950
880
902
1,027

296
368
632
453
340
436
225
557
858
737
782
808

125
128
144
157

131
82
80
92
143
120
219

2,911
2,882
2,963
3,072
2,889
2,239
2,124
2,506
2,738
2,625
2,586
2,820

51
71
52
,57
44
46
32

28
35

2,860
2,812
2,912
3,015
2,845
2,194
2,091
2,472
2,689
2,596
2,558
2,785

2,517
2,480
2,566
2,666
2,4%
1,897
1,856
2,190
2,381
2,271
2,269
2,434

343
332
346
349
346
297
235
282
308
325
289
351

3,616
4,034
4,118
4,221
4,456
4,905
4,613
4,721
4,993
4,860
5,071
5,095

689
941
927
949
768
952
746
765
824
609
586
614

559
808
733
826
514
643
586
631
680
469
418
347

131
133
194
123
254
309
159
134
144
141
168
267

2,927
3,094
3,192
3,272
3,688
3,953
3,867
3,956
4,169
4,251
4,485
4,481

32
35
63
33
33
44
29
23
69
33
28
32

2,895
3,059
3,129
3,239
3,655
3,909
3,836
3,933
4,100
4,218
4,457
4,449

2,556
2,695
2,754
2,889
3,150
3,333
3,359
3,467
3,592
3,713
3,892
3,852

339
364
375
350
505
576
477
466
508
505
565
597

1961 Jan
Feb.
Mar
Apr
May
June
July
Aue
Sept
Oct. .
Nov
Dec

..

1962-=-Jan
Feb . .
Mar
Apr
May. . ,
June
July
AUE
Sept
Get
Nov
Dec

* ..

1963=-Jan
. . . .
Feb
,
Mar
Apr
'.
May
June.
July. . . .
Aug
Sept
Oct
Nov
Dec

....

ns

'

NOTE. End-of-month data through May 1955; last Wednesday of month thereafter.

Digitized for FRASER


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

812

U29

260
290
303
337
349
385
335
316
278
294
318
382

MONEY RATES AND SECURITIES MARKETS


12.27

STOCK MARKET CREDITSERIES FOR 1966-70

12.28

[In millions of dollars]


Credit extended to
margin customers by
End of month
Brokers Banks

1966
Jan
Feb
Mar.
Apr
May
June
July
Aug.
Sept
Oct.
Nov
Dec,

5,020
5,120
5,100
5,230
5,070
5,200
5,190
5,060
5,000
4,960
4,980
4,900

2,180
2,200
2,180
2,160
2,140
2,230
2,200
2,200
2,170
2,130
2,140
2,110

Total

7,200
7,320
7,280
7,390
7,210
7,430
7,390
7,260
7,170
7,090
7,120
7,010

[Unless otherwise indicated, per cent of total debt]

CusCus- tomers' Net


tomers'
net
credit
net
free
exdebit
credit tended
balbalby
ances
ances brokers

5,575
5,777
5,671
5,862
5,797
5,799
5,701
5,644
5,400
5,216
5,274
5,387

1,730
,765
,822
,744
,839
,658
,595
,595
,528
,520
,532
,637

3,845
4,012
3,849
4,118
3,958
4,141
4,106
4,049
3,872
3,696
3,742
3,750

1967
Jan. .
Feb
Mar
Apr
May
June
July
Aug.
Sept
Oct
Nov.
Dec

4,880
4,940
5,080
5,100
5,180
5,360
5,480
5,650
5,790
6,010
6,050
6,300

2,060
2,070
2,090
2,150
2,160
2,170
2,200
2,260
2,340
2,420
2,440
2,460

6,940
7,010
7,170
7,250
7,340
7,530
7,680
7,910
8,130
8,430
8,490
8,760

5,374
5,444
5,804
5,896
5,966
6,195
6,636
6,677
6,944
7,111
7,200
7,948

,914
,936
2,135
2,078
2,220
2,231
2,341
2,281
2,401
2,513
2,500
2,763

3,460
3,508
3,669
3,818
3,746
3,964
4,295
4,396
4,543
4,598
4,700
5,183

1968
Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

6,170
6,150
6,190
6,430
6,640
6,690
. . . . 6,500
6,460
6,390
6,250
6,200
6,200

2,430
2,420
2,370
2,350
2,360
2,410
2,420
2,490
2,520
2,560
2,630
2,710

8,600
8,570
8,560
8,780
9,000
9,100
8,920
8,950
8,910
8,810
8,830
8,900

7,797
7,419
7,248
7,701
8,268
8,728
8,861
8,489
8,723
8,859
9,029
9,790

2,942
2,778
2,692
2,979
3,064
3,293
3,269
2,984
3,126
3,407
3,419
3,717

4,855
4,641
4,556
4,722
5,204
5,435
5,592
5 , 505
5,597
5,452
5,610
6,073

1969
Jan
Feb.
Mar
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dec

5,930
5,750
5,590
. . . . 5,570
5,670
. . . . . 5,340
5,170
5,000
4,940
5,040
5,070
4,970

2,750
2,810
2,780
2,760
2,770
2,740
2,700
2,670
2,620
2,570
2,520
2,580

8,680
8,560
8,370
8,330
8 , 440
8,080
7,870
7,670
7,560
7,610
7,590
7,550

9,042
9,148
8,318
8,044
8,474
8,214
7,515
7,019
7,039
7,243
7,111
7,445

3,597
3,647
3,294
3,077
3,084
3,084
2,783
2,577
2,579
2,753
2,613
2,803

5,445
5,501
5,024
4,967
5,390
5,125
4,732
4,442
4,460
4,490
4,498
4,642

1970
Jan
Feb
Mar
Apr
May
June
July
Aug.
Sept.
Oct
Nov.
Dec.

4,680
4,570
4,520
4,360
4,160
3
{ 4,150
3,860
3,800
3,810
3,920
4,010
4,010
4,030

2,430
2,390
2,370
2,330
2,290
2,290
2,290
2,300
2,330
2,270
2,320
2,330

7,110
6,960
6,890
6,690
6,450
6,150
6,090
6, UO
6,250
6,280
6,332
6,360

6,683
6,562
6,353
5,985
5,433
5,281
CO
(')

2,626
2,463
2,441
2,248
2,222
2,009
'2,180
2,083
2,236
2,163
2,197
2,286

4,057
4,099
3,912
3,724
3,211
3,272
0)
(J)

. . .

For notes see bottom of next page.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

EQUITY STATUS OF MARGIN ACCOUNT


DEBT AT BROKERS, 1966-70

(4)

(J)
( 44 )
()

Equity class (per cent)

Total
debt
(mil-

End of period

lions
of
dol-

80 or
more

70-79 60-69 50-59 40-49

Under
40

lars) i
1966
Jan
Feb.
Mar
A pi-

Nov.

Dec

:. .

June
July
Aug

Sept
Oct
Nov
Dec

1968
Jan.

...

Mar.

. .

Aug.

Sept

Oct.
Nov
Dec.
1969
Jan
Feb
Mar
Apr
May

June
July
Aug

Sept.
Oct. .
Nov
Dec
1970
Jan

Feb

Mar
Apr
May

June
July
Aug

Sept
Oct
Nov.
Dec

()
I1)
(4)
I1)

5.3
5.3
5.5
5.0
6.4
6.9
6.8
9.7
10.2
10.7
10.6
9.7

7.7
7.6
8.2
7.7
9.0
9.5
9,8
12.8
13.1
14.2
12.8
12.4

4,880
4,940
5,080
5,100
5,180
5,360
5,480
5,650
5,790
6,010
6,050
6,300

43 .6
42 .7
47 .6
52 .0
42 .9
48 .7
54 .0
46 .0
52 .1
45 .2
43 .8
50 .6

26.2
27.6
25.7
23.4
31.6
28.3
24.5
32.2
25.6
30.4
31.8
25.8

13.0
12.4
11.0
10.3
10.8
9.2
9.0
9.4
8.8
10. 1
9.7
9.0

6.4
7.1
6.1
5.3
5.7
5.2
3.8
4.2
3.9
4.6
4.9
4.1

10.8
10.3
9.6
9.0
8.9
8.6
8.7
8.2
9.6
9.6
9.9
10.5

6,170
6,150
6,190
6,430
6,640
6,690
6,500
6,460
6,390
6,250
6,200
6,200

4C .6
33 .8
32 .1
48 .7
51 .0
33.2
14.9
15.4 28.1
17.3 28.8
20.0 31.1
20.9 31.3
31.4
25.5
24.0 30.2

35.4
38.3
37.6
26.4
24.9
28.8
30.6
28.2
25.0
23.3
19.4
19.4

9.5
12.0
14.1
10.2
8.6
8.2
9.5
9.1
8.1
8.7
7.4
8.0

4.4
5.2
5.3
4.3
4.4
4.3
4.9
4.8
4.4
4.0
3.9
4.2

10. 0
10.7
11.0
10.4
11.0
10.6
11.6
1T.8
11.5
11.8
12.5
14.2

5,930
5,750
5,590
5,570
5,670
5,340
5,170
5,000
4,940
5,040
5,070
4,690

24.4
20.5
22.1
24.0
23.0
17.5
14.4
17.8
17.0
20.4
16.9
16.6

29.3
28.2
27.9
26.2
26.4
25.7
24.3
24 .4
23.0
22.5
23.5
22.3

20.8
22.6
20.5
20.0
19.0
19.0
18.3
18.3
18.4
18.8
17.8
17.0

7.9
9.0
9.5
9.5
9.7
11.7
13.3
12.6
12.5
11.8
12.2
12.8

4.6
5.4
5.2
4.9
5.2
7.2
8.4
7.8
8.6
8.4
8.9
9.5

13.1
14.1
14.8
15.4
16.8
18.7
21.1
19.1
20.4
18.0
20.6
21.8

4,680
4,670
4,520
4,360
4,160
3,860
3,800
3,810
3,920
4,010
4,010
4,030

13.8
15.7
15.3
11.8
9.6
8.3
8.1
10.7
11.4
9.9
10.4
11.0

21.0
21.1
20.3
18.1
15.8
12.4
15.1
15.1
18.3
15.2
14.8
16.1

16.1
16.3
15.8
14.5
18.3
18.8
21.1
22.9
24.4
25.5
26.1
27.1

13.4
13.3
13.4
13.8
14.2
15.7
16.0
16.6
16.7
16.9
17.5
16.8

10.8
11. 1
U .2
11.6
13.5
13.5
13.8
13.6
13.1
14.3
14.1
13.5

24.9
22.5
24.0
30.2
28.6
31.4
25.8
21.1
16.0
18.2
17.2
15.5

5,190 I

Aug

Apr
May
June
July

11.6
11.4
11.5
10.8
13.4
13.1
14.4
20.6
22.7
22.7
18.3
16.6

5,230
5,070
5,200

Sept.
Oct

Feb

25.5
27.0
31.5
30.2
38.7
38.3
38.5
34.6
32.5
1 29.6
30.3
32.3

5,120
5,100 i

May
June
July

1967
Jan
Feb
Mar
Apr
May

5,060
5,000
4,960
4,980
4,900

50 .0
48 .7
43 .4
46 .3
32 .4
32
30 A
22 .3
21 .6
22 .8
28 .0
29

5,020

1
See note 1 at the bottom of the next page.
NOTE.Each customer's equity in his collateral (market value of
collateral less net debit balance) is expressed as a percentage of current collateral value.

813

MONEY RATES AND SECURITIES MARKETS


12.29

SPECIAL MISCELLANEOUS-ACCOUNT BALANCES AT BROKERS,


BY EQUITY STATUS OF ACCOUNTS, 1966=70
[Unless otherwise indicated, per cent of total]

Net
credit
status

End of month

1966
Jan..
Feb
Mar
Apr.
May
June
July
Aug
Sept
Oct. .
Nov
Dec
1967
Jan.
Feb
Mar
Apr,
May
June, . .
July
Aug
Sept
Oct....
Nov
Due
1968
Jan.
Feb
Mar
Apr
May
June.

.
. ...

....

..........
r

.
.

....

46.6
46.8
49.6
47.4
47.4
47.5
47.2
48.5
47.9
48.5
45.7
48.6

Equity cl iss of aecounts in c ebit status


60 per cent Less than
or more 60 per cent

48.2
48.5
45.1
49.4
46.4
45.2
48.3
44.1
43.8
44.6
48.5
46.0

5.2
4.6
5.3
3.3
6.2
7.3
4.5
7.4
S.3
6.9
5.8
5.4

Total
balance
(millions
of dollars)

4,550
4,650
4,810
4,890
4,870
4,860
4,590
4,620
4,490
4 , 390
4,450
4,480

50. t
48.8
49.9
49.4
49.8
49.5
46.9
47.7
50.7
47.8
48.8
50.0

45.9
47.4
46.7
47.8
47.0
47.8
50.4
49.3
46.6
49.0
47.8
47.0

4.0
3.8
3.4
2.8
3.1
2.7
2.7
3.0
2.7
3.2
3.4
3.0

4,840
4.940
5,070
5,190
5,300
5,380
5,370
5 , 340
5,610
5,680
5,490
5.H50

50.8
51.1
52.5
46.3
49.6
50.0

45.6
45.0
42.9
47.9
46.2
45.7

3.6
3.8
4.5
5.8
4.1
4.2

6,060
6,080
5,820
6,030
5,370
6,150

Note.Special miscellaneous ucpunts contain credit balances that may


be used by customers as the margin deposit required for additional purchases. Balances may arise as transfers based on loan values of other

Net
credit
status

End of month

lujuity cl tss if ttc; counts in t ebii status


60 per cent t-oss than
or more 60 per cej;:

'lutal
balance
(millions
of dollars)

1968
July............
Aug.. . . . . . . . . . . , . . . .
Sept
Oct.. .
.....
Nov.
Dec.

51.7
49.8
51.0
52.9
s^ 2
54.4

44.4
46.4
45.3
40.3
43.3
40.4

3.9
3.8
3.6
,s,2
3]$
5.2

6,000

1969
Jan.
. .
Feb
Mar,
Apr.
May. . . . . . . . . .
June
Julv
Aug
Sept.
Oct
Nov
Dec.

52.6
52.7
52 . 9
52.5
S' 2
54.7
5!. 4
53.0
S2 6
52.8
54.8
54.8

43.2
41.7
40 . 9
42.5
42.3
39 . 7
42.0
40.0
40.7
40 . 8
37.8
37.3

5.1
5.6

5,71)1)
5 , 680
5 , 400
5,120
5 , 020
5,110
4,950
4,920
4 , 800
4,780
4 , 670
4 , 760

5^.0
^0
54.0
54.0
50.3
4*1 . 5
41.5
46.7
46.6
46.2
4S.5
48.2

38.2
38 . 3
34.7
35.9
38.8
39.1
40.5
42.6
44.5
43.9
43.9
42.3

. .

1970
Jan. .
. .....
Feb
Mar.
Apr, . . . . . . . . . . , . . .
May
June
July
Sept
Oct. .
Nov....,.,..
Dec.

s!o

s s

5! 7
6.6
6.9 !
6.7
6.4
7.3
7.9
8.7
8.8
11.2
JO. 2
10.9
S I .4
1 1 .9

to. i

9.0
9.9
10.6
9.4

s , im

5,840
5,640
5,550
S , 690

4,020
4,420
4,340
4 , 1 40
4 , H40
4..S.SO
4 , 390
4,430
4 , 4SO
4,430
4 , 240
4,030

collateral in the customer's margin account or as deposits of


sales proceeds) occur.

NOTES TO TABLE 12.27


1
Total credit extended by member firms of the N.Y. Stock Exchange
in margin accounts, excluding credit extended on convertible bonds and
other debt instruments and m special subscription accounts.
- Figures arc for last Wednesday of month for large commercial banks
reporting weekly; they represent loans made to other than brokers or
dealers for the purpose of purchasing or carrying securities. Series excludes
loans eollaterali/A;d by obligations of the U.S. Government.
;i
Change in series. From January 1966 to June 1970 the total of brokerextended margin credit was estimated by expanding the total of such
credit extended by a small sample of N.Y. Stock Exchange member
firms according to the proportion of total customers' net debit balances
extended by these firms. Beginning with June 30, 1970, total brokerextended margin credit is derived from reports by the majority of N.Y.
Stock Exchange member firms that carry margin accounts for customers;
these firms, as a group, account for nearly all such credit extended by

Digitized for FRASER


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Federal Reserve Bank of St. Louis

814

members
of that exchange.
4
Series discontinued.
5
Change in scries.
NOTI-. Customers' net debit ,nd free credit
jtv cnd-ufmonth ledger balances us imported to the New York Stock xchange by
all member firms that carry margin accounts. 1 hey exclude balances
carried for other member firms of national securities exchanges as well
as balances of the reporting firm and of its general partners! Net debit
balances are total debt owed by those customers whose combined accounts
net to a debit. Free credit balarsces are in accounts of customers with
no unfulfilled commit merits to the broker and are subject to withdrawal
on demand. Net credit extended by brokers is the Uitfcrcnco between
customers 1 net debit and free credri balances since the latter are available
for the brokers' use until withdrawn.

MONEY RATES AND SECURITIES MARKETS


12.30

NEW SECURITY ISSUES

A. BY ALL ISSUERS, 1934-70


[In millions of dollars]
Proposed use of net proceeds,
all corporate issues

Gross proceeds, alt issues


Corporate

Noncorporate
Period
Total

U. S.
Govt.

U. S.
State
and
local

U. S.
Govt.
agency

New capital
Stocks

Bonds
Other

Total

Publicly
offered

Total

Privately
placed

Total

New
money

Total

Common

Preferred

Retirement
of
securities

Other
purposes

4,910
6,683
9,982
5,328
5,926
5,687

3,535
2,938
4,088
1,902
2,480
2,332

32
116
55
36
115
13

939
1,232
1,121
908
1,108
1,128

6
66
147
172
69
50

397
2,332
4,572
2,310
2,155
2,164

371
2,225
4,029
1,618
2,044
1,980

280
1,840
3,660
1,291
1,353
1,276

92
385
369
327
691
703

6
86
271
406
86
98

19
22
272
285
25
87

384
2,266
4,431
2,239
2,110
2,115

152
401
1,062
1,138
904
420

57
208
858
991
681
325

95
193
204
148
222
95

231
1,865
3,368
1,100
1,206
1,695

1940 . . .
1941
1942 .
1943
1944
1945
1946
1947
1948
1949

6,564
15,157
35,438
44,518
56,310
54,712
18,685
19,941
20,250
21,110

2,517
11,466
33,846
42 , 8 1 5
52,424
47,353
10,217
10,589
10,327
1 1 , 804

109
38
1
2
1
506
357
2J6

1 , 238
956
524
435
661
795
1,157
2,324
2,690
2,907

24
30
5
97
22
47
56
451
156
132

2,677
2,667
1,062
1,170
3,202
6,011
6,900
6,577
7,078
6,052

2,386
2,390
917
990
2,669
4,855
4,882
5,036
5,973
4,891

1,628
1,578
506
621
1,892
3,851
3,019
2,889
2,965
2,437

758
811
411
369
778
1,004
1,863
2,147
3,008
2,453

183
167
112
124
369
758
1,127
762
492
425

108
110
34
56
163
397
891
779
614
736

2,615
2,623
1,043
1,147
3,142
5,902
6,757
6,466
6,959
5,959

761
1,041
646
408
753
1,347
3,889
5,114
6,652
5,558

569
868
474
308
657
1,080
3,279
4,591
5,929
4,606

192
172
173
100
96
267
610
524
722
952

1,854
1,583
396
739
2,389
4,555
2,868
1,352
307
401

1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

19,893
21,265
27,209
28,824
29,765
26,772
22,405
30,571
34,443
31,074

9,687
9,778
12,577
13,957
12,532
9,628
5,517
9,601
12,063
12,322

30
110
459
106
458
746
169
572
2,321
707

3,532
3,189
4,401
5,558
6,969
5,977
5,446
6,958
7,449
7,681

282
446
237
306
289
182
334
557
1,052
616

6,361
7,741
9,534
8,898
9,516
10,240
10,939
12,884
11,558
9,748

4,920
5,691
7,601
7,083
7,488
7,420
8,002
9,957
9,653
7,190

2,360
2,364
3,645
3,856
4,003
4,119
4,225
6,118
6,332
3,557

2,560
3,326
3,957
3,228
3,484
3,301
3,777
3,839
3,320
3,632

631
838
564
489
816
635
636
411
571
531

811
1,212
1,369
1,326
1,213
2,185
2,301
2,516
1,334
2,027

6,261 4,990 4,006


7,607 7,120 6,531
9,380 8,716 8,180
8,755 8,495 7,960
9,365 7,490 6,780
10,049 8,821 7,957
10,749 10,384 9,663
12,661 12,447 11,784
11,382 10,823 9,907
9,527 9,392 8,578

984
589
537
535
709
864
721
663
915
814

1,271
486
664
260
1,875
1,227
364
214
549
135

27,541
35,527
29,956
35,199
37,122
40,108
45,015
68,514
65 , 562
52,747

7,906
12,253
8,590
10,827
10,656
9,348
8,231
19,431
18,025
4,765

1,672
1,448
1,188
1 , 168
1,205
2,731
6,806
8,180
7,666
8,618

7,230
8,360
8,558
10,106
10,544
11,148
11,089
14,288
16,374
11,460

579
303
915
887
760
889
815
1,817
1,531
958

10,154
13,165
10,705
12,211
13,957
15,993
18,074
24,798
21,966
26,745

8,081 4,806
9,420 4,700
9,969 4,440
10,856 4,713
10,865 3,623
13,720 5,569
15,561 8,018
21,954 14,990
17,383 10,731
18,348 12,735

3 ,275
4,720
4,529
6,143
7,243
8,150
7,542
6,964
6,651
5,613

409
450
422
343
412
725
574
885
637
682

1,664
3,294
1,314
1,011
2,679
1,546
1,939
1,959
3,946
7,714

9,924
12,885
10,501
12,049
12,049
15,800
17,841
24,409

9,653
12,017
9,747
10,523
10,523
14,804
17,601
24,096

8,758
10,715
8,240
8,898
8,898
13,063
15,805
22,233

895
,302
,507
,625
,625
,142
,794
1,867

271
868
754
1,526
1,526
996
241
312

949 38,944 30,264 25,384

4,880

7,388

7,292
16
1
6
i
71
49
85

(.

1934
1935
1936
1937
1938
1939

1960
1961
1962
1963
1964
196S
1966
1967
1968
1969

1970

88,664

1,483 16,380 17,762

1934Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

600
528
913
847
105
3
115
152
1,062 " " 864
182
261
228

1935 Jan.
Feb
Mar. . .
Apr.
May
June . . . .
July
Aus.
Sept
Oct.
Nov
Dec

151
102
266
319
277
476
1,407
521
1,015
378
395
1,377

43
213
785
223
617
27
14
99

1936 Jan
Feb
Mar
Apr
May
June. . . .
July
Aug
Sept
Oct
Nov
Dec

466
314
2,067
858
406
1,857
387
344
91
49
350
1,52

3
63
1,40
30
37
1,134
25
28
506
26
25
78

7'
228
1,157

32

72
986
lj

Digitized for FRASER


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

32
28

56

27
12

55
65
98
106
80
115
95
28
41
43
92
122

\
t
72
51
87
12
13
24
59
49

69
50
87
11
11
24
59
46

98
53
150
156
78
65
92
66
149
77
114
134

48
31
115
130
156
171
530
168
248
273
266
196

47
30
115
121
154
171
501
161
243
256
262
163

309
147
516
700
259
597
316
258
24
380
237
612

304
122
488
644
223
545
267
222
21
308
217
477

90
98
129
85
105
11
42
57
159
83
65
97

64

37
1
22
li

21

1
1
<

815

i
3
2

t
26
i

r
i*

i<

15
3^
3(
43
2:

4'
14
20

14
(
2;
21
22
1'
20
2!
115

i:

24
58
46
47
31
112
126
151
167
515
161
242
266
258
190
295
142
502
679
252
58
307
252
234
365
229
594

1C

3i

3'
8
6
22
21
38

1
1

3*

26
36
15
34
43
35
67
35
72

1
19
18
14
30
18
26
11
23
30

6:
5!
98
21
153
49
150
72
100
98
184

12

49
9
33
72
20
97
36
126
69
86
88
173

2(
6
18
JC

U
2!
c
5(
4'
14
8
25
2(
5(
13
2:

li
10
11

3
61
47
52
4
6
2
36
8
13
28
111
100
US
153
481
118
207
198
223
118
232
125
444
580
231
428
258
102
162
266
131
410

MONEY RATES AND SECURITIES MARKETS


12.30

NEW SECURITY ISSUES Continued


A. BY ALL ISSUERS, 1934-70Continued
[In millions of dollars]

i
Proposed use of net proceeds,
all corporate issues

Gross proceeds, all issues

New

Corporate

Noncorporate

capital

Month

Stocks
Total

1937Jan
Fcb ...
Mar
Apr
May
June
July
Aug
Sent. . . .
Oct
Nov.
Dec

578
523
525
311
268
1,383
323
168
231
198
128
691

36
59
162
33
26
881
38
31
27
28
28
553

195
268
196
164
427
465
483
396
1,121
534
357
1,321

99
47
47
38
239
33
252
36
837
38
35
778

382
595
297
361
208
763
601
552
179
578
222
950

256
377
64
56
60
114
318
71
44
323
54
594

508
580
291
522
255
.
275
1,347
298
, . . . ... .... 225
600
275
1,389

267
141
102
118
61
45
986
49
43
49
46
607

193g Jan
Feb
Mar
Apr
May
June , . .
July
Aug.
Sent .
Oct
Nov
Dec
1939Jan
Feb
Mar
Apr
May
June
July
Aug
Scot
Get;
Nov
Dec
194Q =Jan
Feb , .
Mar
Apr
May
June
July
AUE
Sept
Oct
Nov
Dec
1941

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

1942 Jan
Feb
Mar
Apr
May
June
July
Aug .
Sept
Oct
Nov
Dec

Digitized for FRASER


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

U.S.
U. S. Govt.
Govt. agency

. ... .

U.S.
State
and
local
207

4
4

25

2
24
29

2
1i
2
55
...

$
84
51
112
84
53
48
33
47
86
48
65

no

50
93
147
47
66
74
105
158
144

104
54
119
76
102
273
83
70
24
54
80
90

53
3

86
172
84
76
50
84
81
76
73
177
78
203

1,149
403
1,101
990
1,415
651
1,091
1,763
773
2,359
784
2 678

814
1
2
116
653
702
1
1,032
315
916
1,303
538
2,053
35
553 ..... .
2 473

64
65
180
102
113
85
54
43
51
64
74
60

1,591
2 404
967
979
3,305
1 225
3,496
2,426
3,528
5,945
1,568
8,004

l,298:|
2 30?'
793
785
3,149
1 041
3,387
2,336
3,422
5,861
1,516
7,950

120
41
49
60
31
32
47
47
23
38
17
18

28
15

:::::::

Total
Other

Total

Total

Bonds
Common

Preferred
72
69
2
20

1
3
4

1
1

i
i
i
Q

'
1

i
'?
28
3
!

13
3

3
1
3
7
2

2
2

i
i
i

262
352
298
174
186
389
201
81
155
132
28
52

175
212
244'
117
139
289
123
62
91
112
24
35

74
31
32
16
24
76
63

48
154
15
74
65
284
181
293
209
381
108
343

40
153
11
73
48
273
181
290
199
375
82
318

4
1
3

21
163
109
227
46
364
198
383
107
199
84
263

19
118
94
193
39
355
176
371
104
190
71
249

154
265
101
312
113
144
263
173
108
373
95
575

131
252
66
252
93
136
256
149
102
345
71
534

268
209
262
184
269
250
122
417
182
204
155
144

260
201
225
169
247
234
86
411
164
146
135
110

171
56
125
135
124
152
61
43
82
46
35
34

114
37
109
128
112
136
61
43
68
43
35
34

87
120
96
124
63
206
152
41
110
71
26
41

60
107
85
115
62
189
112
39
104
53
26
38

46
151
14
73
63
279
177
287
204
371
106
337

44
46
13
11
38
191
137
99
123
88
36
78

44
37
11
8
27
151
123
61
117
24
24
55

20
159
104
222
45
358
193
375
106
196
81
256

6
27
59
80
19
25
49
36
11
47
26
36

4
16
51
75
18
19
29
29
6
29
17
32

15
J

149
259
97
305
109
141
257
169
106
366
92
565

38
55
30
117
30
27
60
66
49
49
39
200

18
20
24
47
23
20
55
48
43
45
33
193

20
35
6
70

6
1
4

263
206
258
181
262
246
119
413
180
201
152
142

55
71
86
50
74
104
63
204
31
110
114
80

48
53
68
42
67
87
51
185
27
91
92
57

8
18
17
7
6
17
12
19
3
19
22
23

207
135
172
132
189
142
56
210
150
92
37
62

167
54
123
132
123
149
60
42
80
45
34
33

83
30
78
111
109
88
29
38
54
4
6
16

74
17
62
75
57
75
20
38
31
4

10
13
16
36
.52

84
24
45
21
14
61
31
4
25
41
28
17

10

3
6
20
21
38

\
it10
4
3
9

:l

16!
45
8
5
2
20
4
14
13
37

2
7
33
10
18
12

14

4
1
1
2
4
3
6
4
I
7
12
31
4
5
3
3
6
1
4

14
12
3
5
5
2
15
11
4

44
4
4
2
5
54
g
13

40
19
16
4
10
a

17

ii

3
i

816

255
343
288
165
180
378
196
78
150
128
27
50

14
109
23
41
23
23
15
15

4 ']
16
,0

Other
purNew
money poses

Retirement
of
securities

16

168
222
192
42
116
172
43
37
40
57
1
9

2
106

27
13
11

1
6
IS

U
40
14
37
6
64
12
23
2
11
7
5
1
6

1
17
9
4

62
25
88
41
189
81
283
70
259
14
132
46
141
26
333
143
339
96
150
55
220

111
204
67
188
79
|
114
197
]103
57
5
4
316
53
7
364
7

24

'i

MONEY RATES AND SECURITIES MARKETS


12.30 NEW SECURITY ISSUES Continued
A.

BY ALL ISSUERS, 1934-70Continued


[In millions of dollars]
Proposed use of net proceeds,
all corporate issues

Gross proceeds, all issues

New capital

Corporate

Noncorporate
Month

Stocks
Total

U.S.
Govt.

1943 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1,844 1,693
1,451 1,344
1,538 1,391
11,562 11,425
1,949 1,817
4,178 4,051
1,443 1,304
1,153 1,015
12,652 12,562
3,958 3,795
1,364 1,128
1,424 1,290

1944~Jan
Feb.
Mar
Apr
May
June
July,
Aug
Sept. . . .
Oct
Nov
Dec

2,915
3,143
9,540 9,399
1,192
947
1,231 1,038
1,234
896
14,065 13,854
3,036 2,791
804
1,088
974
1,455
1,726
876
2,556 2 105
16,044 15,828

1945 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1,824 1,332
1,346 1,060
1 521 1 122
1,945 1 245
3 210 2 637
18,253 18,083
2,806 1,602
845
1,355
606
1,465
2,136
961
4,403 4,210
14,447 13,650

U. S.
Govt.
agency

114

177

' '"iis

U.S.
State
and
local
49
57
50
23
36
51
49
28
21
17
37
17
59
37
25
17
160
31
36
65
18
108
71
34

121
15
174
49
37
50
66
45
47
67
41
82

1946 Jan .
Feb
Mar..
Apr
May
June . . .
July
Aug. . . .
Sept
Oct
Nov.. .
Dec .

,565
,279
,317
2,003
,812
,571
,942
,415
,120
,307
,312
2,044

1,261
803
805
967
793
755
1,053
778
742
703
619
936

1947 Jan
Feb
Mar
Apr. . . .
May .
June
July
Aug. ...
Sept. .
Oct
Nov
Dec

,732
,429
,686
,641
,280
2,091
,785
,134
,373
2,428
,234
2,128

1,170
921
891
746
653
1,051
790
614
637
1,673
589
854

226
99
344
404
110
217
136
188
278
118
103
101

,465
,573
2,074
,397
,218
,721
2,541
,216
,736
,879
,426
2,004

913
718
708
597
574
680
1,813
526
1,128
825
763
1,080

116
220
633
157
190
286
120
287
122
279
152
129

...

1948Jan...
Feb .
Mar
Apr
May
June. ,
July
Aug
Sept
Oct
Nov . .
Dec . .

Digitized for FRASER


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

217

140

71
80
83
71
150
124
132
66
88
50
71
170

Total
Total

Other

Total

Bonds

Preferred
91
1

6
34
45
97
49
55
63
83
51
105
71
81

5
4
6
19
10
10
21
8
10
11
14
46

166
103
210
165
166
177
206
215
453
729
373
178

52
65
60
65
44
50
74
64
38
135
35
69

48
53
53
61
37
27
63
61
29
125
33
66

4
12
7
4
7
23
11
3
9
10
1
3

114
37
150
100
122
127
131
151
415
594
338
109

256
255
224
651
537
119
961
465
808
1,082
152
500

204
241
172
567
420
112
651
395
695
909
104
387

36
3
41
43
99
1
221
61
78
109
24
43

17
11
12
41
18
6
90
9
34
64
24
71

251
252
220
639
525
118
943
459
793
1,062
148
491

37
41
59
114
170
22
214
157
111
209
60
153

36
33
49
95
151
17
197
100
99
156
25
121

8
10
19
19
5
17
57
12
53
35
32

214
211
161
525
355
96
730
302
682
853
88
338

233
396
429
748
869
692
756
550
288
413
621
905

54
337
291
489
664
405
529
368
213
342
449
742

26
76
155
144
134
97
34
54
27
125
142

68
33
62
104
61
153
129
148
21
44
47
20

225
390
417
731
850
672
738
542
282
407
610
894

123
79
126
335
205
340
427
425
185
355
531
758

108
60
107
228
159
258
345
357
151
285
510
711

15
19
19
107
46
82
82
69
33
70
21
47

102
310
291
396
645
332
310
116
97
52
79
136

15
264
49
171
385 . 38
314
78
112
357
644
113
111
422
305
17
66
365
61
426
31
392
72
991

57
66
27
82
28
28
77
10
27
150
119
107

331
282
442
466
488
773
596
328
450
627
528
1,155

209
250
320
376
250
567
484
218
295
591
452
1,102

192
219
296
268
207
524
443
183
258
549
425
1,026

17
32
24
108
42
43
41
35
37
42
26
76

122
31
122
89
238
207
112
110
155
36
76
53

381
414
685
532
360
595
559
178
413
688
455
712

28
171
21

429
616
724
632
443
742
598
246
477
767
501
783

416
593
634
566
441
698
588
244
461
743
493
773

367
549
595
493
378
622
424
232
400
718
463
689

49
45
40
74
63
76
164
12
61
25
30
34

13
23
90
66

33

1
3
8
2
4
3
22
9
6
24
7
12

70
5
32
96
15
3
20
12
54
39
20
3

20
1
1

4
12
42
14
41
16
3
16
12
10
119
20

95
96
176
55
144
167
169
199
399
692
346
133

122
1
16
20
38
250

5
15
49
16
44
19
25
25
18
34
125
32

7
7
6

5
6
10

4
25

170
105
214
170
169
180
210
219
463
742
380
182

Other
purposes

43
5

11
50
81
111
80
65
75
90
65
108
149
105

New
money

11
49
94
112
93
74
88
108
69
139
197
113

15
1

11
50
96
115
95
76
90
110
70
142
199
116

Common

Retirement
of
securities

336
287
450
474
497
785
609
332
458
636
542
1,170

150

817

435
635
733
643
453
755
608
252
486
775
507
795

7
4
1
8
12

26
50

11

67
116
14
40
12
52
21
14

8
J4

2
S
34
61
35
31
68

44
10
2
16
24
8
10

MONEY RATES AND SECURITIES MARKETS


12.30

NEW SECURITY ISSUES Continued


A, BY ALL ISSUERS, 1934-70Continued
[In millions of dollars]

Gross proceeds, all issues


Noncorporate

U. S.
Govt.

1949 Jan
Feb
Mar
Apr
May. . . . . .
June. . . o . .
July
Aug.. . . . . .
Sept.. . ,
Get
Nov
Dec

1,428
1,352
1,469
1,645
1,558
2,701
2,385
2,105
1,700
1,633
1,293
1,842

870
763
792
717
759
1,099
1,606
1,608
894
978
707
1,011

1950-- Jan.
Feb
Mar
Apr
May. . . .
June
July
Aug
Sept
Oet
Nov
Dec. . . .

2,099
1,606
1,821
1,357
1,657
2,305
1,236
1,569
1,239
1,947
1,454
1,602

1,118
810
886
633
689
882
706
773
531
1,228
655
777

1951 Jan
Feb
Mar
Apr
May
June. . . . . .
July
AUK
Sept
Oet
Nov
Dec,

1,281
1,131
1,759
1,490
1,747
3,985
1,694
1,351
1,619
1,789
1,638
1,780

730
502
520
451
581
2,830
834
656
765
651
655
601

1952Jan
Feb. .
Mar
Apr.,
May
June. . . . . .
July
Aug
Sept
Oet
Nov
Dec

2,233
1,748
1,670
2,334
2,537
2,450
6,455
1,179
1,377
2,014
1,119
2,093

1,024
967
515
722
928
978
4,898
544
444
531
480
547

1953Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oet
Nov
Dec

1,774
1,547
1,635
1,676
4,613
3,066
1,928
1,453
2,599
2,291
3,506
2,736

611
494
503
491
3,244
1,454
884
853
1,320
1,070
2,610
423

1954 Jan
Feb
Mar
Apr
May

1,657
1,375
1,948
1,958
4,388
2,422
2,167
1,279
2,125
6,544
1,350
2,552

561
515
602
511
*2,669
523
508
546
464
4,611
466
557

July
Aug
Sent
Oet
Nov
Dec

Digitized for FRASER


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

U.S.
Govt.
agency

216

30

40
70

228

231
30

76

71
80
123
184

U. S.
State
and
local
193
204
175
190
346
316
245
175
318
238
251
255
235
556
366
176
319
359
205
299
279
189
384
166
173
185
168
234
412 '
283
321
152
269
397
302
296
575
304
151
456
406
637
245
212
474
309
230
403
392
363
433
349
650
443
522
260
476
483
411
111
399
414
570
735
783
855
280
300
652
615
459
906

New capita]

Corporate

Month
Total

Proposed use of net proceeds


all corporate issues

Stocks

Bonds
Other

2
17
2

102
4
2
2
101
15
62
2
2
65
22
4

49
8
84
12
8
35
156
16

,!

Total

Total

1
PubPrilicly vately Preoffered placed ferred

365
383
484
736
453
1,286
533
220
272
413
332
574

289
369
402
553
311
1,154
474
152
210
308
251
416

615
225
507
547
647
1,063
322
432
408
526
412
656

501
166
413
350
502
809
245
378
329
332
341
554

374
389
1,021
798
670
861
531
508
390
655
673
871

306
344
824
507
553
637 '.'.'.'.'
360
376
324
422
403
636

,..,
I

i!

Total
Total

Common

New ! Other
money purposes

11
5
41
50
82
57
13
22
27
44
36
36

65
8
42
134
60
74
46
46
35
61
44
122

355
379
476
726
444
1,271
526
215
268
407
327
565

348
377
438
719
422
1,213
507
197
229
347
310
452

32 i j
275!:
374
552 j
347
1,087
461
164
163!
260
270!
331i

70
12
29
62
71
93
30
36
30
106
48
43

44
47
66
136
75
160
47
18
48
88
23
59

606
221
498
537
636
1,049
318
427
399
514
406
649

556
185
368
438
417
738
297
285
368
429
343
565

34
9
54
95
26
72
39
77
35
127
166
104

34
36
143
197
90
152
132
55
31
106
105
132

369
384
1,006
783
661
847
521
500
381
639
660
856

Retirement
of
securities

28
102
64
166
74 !
126
45
33
65
86
40
121

113

454
153
334)
363,
269
618!
214*
257
300
306
306
433

103
33
33
74
148
120
83
29
68
123
37
133

49
35
130
99
220
311
21
142
31
85
64
84

341
348
926
710
624
784
491
476
363
627
618
811

306
320
848
619!
587|
714i
469!
436'
343
548 1
570;
771

35
28
78
91
37
70
22
40
20
79 j
47
40

28
35
79
74
37
63
30
24
18
12
43
45

7
22
58
19
18
39

n
il

634
447
985
907
1,149
831
1,304
421
455
1,109
384
908

505
282
764
712
898
635
1,113
342
372
932
314
731

278
59
419
398
544
211
786
125
159
4CO
126
140

227
223
344
314
354
425 ;
327i
217|
213
533
188'
591

82
10
60
59
85
84
33
29
37
6
20
58;

47
154
161
137
166
112
158
49
46
170
49
119

624
438
967
891
1,129
818
1,285
413
447
1,092
378
897

615
413
951
870
990
769
1,237
291
390
999
340
851

602
402
922!
7861
947 |
735
1,218
276
367'
850
293
780

13
11
28
33
43
34
19
?4
23
150
47
TO

9
24
17
21
139
49
48
123
57
93
38
46

86

655
688
696
815
714
1,166
520
336
768
603
459
1,478

489
517
517
656
468
977
407
263
676
375
353
1,385

186
307
155
375
287
575
106J
110
449!
153
95
1,057

303
210
362
280
181
402
301 1
153
226
222
258
327

49
48
62
35
82
33
31
7
44
18
37
43

117
123
116
125
164
156;
82
65
48
210
69
51

646
676
684
802
697
1,147
510
330
757
590
451
1,464

623
623
666
779
675
1,123
483
325
753
577
429
1,438

584
586
628
748
591
1,034
459]
270
691!
550
406
1,413

39
36
38
32
85
8)
24
55
6;
2
21t
2.S

22
54
17
23
22
24

573
444
712
639
851
1,041
1,253
424
1,008
1,130
422
1,019

463
355
499
419
649
792
1,085
352
886
813
321
854

285
178
226

178
178
273!
203i
227|
449
371
186
305
343
205
566

20
27
68
109
129
131
76;
45
60
52
37
62

90
62
145
111)
73!
118
92
27
62
265
64!
103

564
437
698
627
837
!,025

547
426
635
497
656
842
909
335
747
1,003
290
604

516
392.
553,;
483
596 (
789
828
304
705
856
244
515

31
34>
82
14
60
53
81
31
42
146
46
89

17
11
63
130
181
183
329
82
247
109
123
400

3
8
2
4
66
25
4

J
12
*l60

27
57

123
1
64

4
71

818

&'j
343
714
166
581
470
116
288

a, 237

417
994
1,112
413
1,004

4
12
22
26

MONEY RATES AND SECURITIES MARKETS


12.30 NEW SECURITY ISSUES Continued
A.

BY ALL ISSUERS, 1934-70 Continued


[In millions of dollars]
Proposed use of net proceeds
all corporate issues

Gross proceeds, all issues


Noncorporate

Corporate

New capital

Month
Stocks

Bonds
Total
U.S.
Govt.

1955Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

2,710
742
1,390
602
2,560
614
1,643
535
4,382 3,020
1,919
496
2,504 1,265
1,638
509
1,627
481
2,646
461
1,840
438
1 ,9 U
466

1,702
1956Jan
2,001
Feb
1,817
Mar
1,877
Apr
2,123
May
June, . . . 2,164
1,972
July
1,493
Aug
1,581
Sept.
1,892
Oct
1,829
Nov
1,955
Dec

645
544
518
453
451
437
484
436
355
414
389
390

U. S.
Govt.
agency

U.S.
State
and
local

716

30

60

109

Total
Other

Total
Total

541
328
540
429
350
651
470
259
407
926
661
415

35

407
709
401
391
491
736
379
213
336
646
311
427

38

PriPublicly vately Preoffered placed ferred

New Other
Total money purposes

Common

Retirement
of
securities

676
460
1,395
664
981
768
753
870
736
1,250
708
980

486
327
848
463
675
504
589
655
560
1,046
431
835

252
124
517
297
465
186
136
491
301
858
155
336

234
202
331
166
210
319
453
163
259
188
275
499

53
23
35
54
96
58
53
15
82
43
85
39

136
110
512
147
210
206
111
200
94
161
193
107

663
451
1,371
648
960
751
739
853
722
1,234
694
964

535
407
1,223
478
886
687
597
644
670
1,162
632
900

468
345
1,175
429
774
611
526
614
559
1,074
590
793

67
62
48
50
112
76
70
30
111
88
42
108

128
44
148
169
74
64
143
208
52
71
62
63

58
5
23

613
748
889
916
1,180
893
1,106
693
890
773
1,123
1,114

522
480
704
673
977
661
901
551
681
485
451
915

141
149
393
340
686
270
588
250
514
315
179
401

381
331
311
333
291
391
313
302
167
170
272
514

19
128
43
31
65
50
16
50
33
139
45
16

71
140
141
212
139
182
189
92
176
150
627
183

601
734
874
898
1,160
876
1,089
679
873
756
1,110
1,098

573
712
817
818
1,146
841
1,063
654
838
745
1,089
1,088

486
672
789
702
1,105
782
1,003
550
816
660
1,048
1,049

87
40
28
116
41
59
60
104
23
84
41
39

28
21
57
80
15
35
26
25
35
11
21
11

685
569
503
763
539
388
516
595
437
683
639
640

84
53
32
127
49
44
38
10
37
15
65
2

1,088
1,108
1,361
966
796
1,495
1,028
947
1,023
1,113
844
1,114

912
750
1,044
655
685
1,013
775
840
907
944
671
761

641
514
644
385
438
633
459
540
587
608
485
185

271
237
400
270
247
380
316
299
320
336
186
576

34
26
39
47
25
66
21
31
19
68
24
11

142
332
279
264
85
416
231
76
97
101
150
343

1,068
1,085
1,340
947
780
1,467
1,011
932
1,007
1,099
828
1,097

1,060
1,065
1,320
931
765
1,453
1,003
924
973
1,090
789
1,076

1,023
913
1,244
871
703
1,373
941
916
952
1,060
764
1,023

36
153
76
59
62
79
61
8
21
30
25
53

9
19
20
16
15
15
8
9
34
9
39
21

249
206
324
178
195
473
175
283
208
365
184
480 *

28
85
69
41
36
77
70
12
23
69
12
51

44
187
58
90
85
41
219
71
55
170
110
204

816
858
1,599
1,211
692
946
1,176
564
1,121
873
533
983

728
857
1,553
1,140
597
887
1,107
540
1,114
862
518
920

714
844
1,508
1,036
527
718
1,029
489
1,017
744
460
820

15
13
45
104
69
169
77
50
97
118
58
100

87
I
46
71
95
59
70
25
7
11
15
63

12
15
2
4
17

3
9
33
51

9
58
1
98
3
40

1957 Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec

2,426
2,116
3,223
2,371
1,777
2,349
1,982
1,944
3,975
2,705
3,022
2,681

496
386
1,327
390
394
362
400
392
2,262
894
1,374
925

1958 Jan
Feb. . .
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

3,484
2,490
3,951
6,961
2,155
3,048
2,426
1,341
2,160
3,076
1,452
1,899

511 1,163
407
251
1,802
4,269 ' ' ' '523
368
I 411
418
164
369
352
1,461
'220
324
370

782
899
524
798
877
554
631
389
647
439
459
448

201
56
10
142
203
123
14
9
23
65
127
80

827
877
1,615
1,230
707
961
1,199
575
1,137
890
542
1,000

754
604
1,488
1,099
586
843
910
492
1,059
651
420
746

505
398
1,164
921
391
370
735
209
851
287
236
266

1959

5,753
2,123
1,928
4,504
1,782
2,290
1,452
1,710
1,748
4,121
1,722
1,942

3,971
420
443
2,583
338
323
350
30$
300
2,574
332
380

86

639
881
637
940
569
995
457
523
520
587
458
476

86
62
10
60
56
47
93
5
43
39
41
75

858
760
664
921
819
925
552
774
735
922
891
926

695
465
461613
614
627
433
642
590
644
657
747

404
187
195
310
380
270
173
414
220
331
396
277

291
278
266
303
235
357
260
228
370
313
261
470

36
58
48
92
38
43
26
13
24
47
61
45

126
237
155
217
167
255
93
119
121
230
173
134

841
744
648
901
799
903
538
758
720
898
871
907

821
738
646
894
785
887
535
740
703
879
864
900

757
591
551
833
756
825
463
699
656
801
803
844

64
147
95
61
29
63
73
41
48
78
61
56

20
6
2
6
14
16
3
18
16
19
7
7

420
182
435
15Q
391
150
2,860
148
368
354
350
353
1,371 ""l99
338
345 ""ieo
326
149
348
181

696
622
568
717
556
978
475
607
682
343
496
490

13
181
75
43
53
49
32
14
41
38
6
34

641
735
889
805
608
1,124
777
996
747
928
1,009
895

515
547
668
580
406
859
651
821
619
778
875
764

324
253
357
348
186
540
415
592
329
621
518
323

190
294
311
232
220
319
236
229
289
157
357
441

26
31
44
32
44
34
21
34
37
45
16
45

100
158
177
194
158
231
106
141
91
105
118
86

626
719
869
783
590
1,092
760
976
731
910
988
879

570
715
860
761
577
1,044
736
966
726
890
956
852

548
661
762
675
514
992
657
895
671
830
805
749

22
53
98
86
63
52
79
71
55
60
152
103

56
4
9
22
13
48
24
10
5
20
32
27

Jan
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

1,952
I960 Jan
2,123
Feb
Mar. . . . 2,073
4,573
Apr
1,939
May
2,502
June
1,637
July
3,187
Aug
1,808
Sent..
1,814
Oct
Nov
1,986
1,947
Dec

Digitized for FRASER


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

72

125
60

215
100

199
175

98
150

819

MONEY RATES AND SECURITIES MARKETS


12.30

NEW SECURITY ISSUESContinued


A. BY ALL ISSUERS, 1934-70Continued
[In millions of dollars]
Pio posed \jse of net proceeds,
alt ee rporate issues

Gross p roceeds, ^11 issues


Nonco rporate

Corp orate

Nfew capital

Period
Total

U.S.
Govt.

U.S.
Govt.
agency

U.S.
State
and
local

1961- Jan..
Feb
Mar.
Apr
May
June. . . . .
July
Aug
Sept
Oct... . . .
Nov.
Dec

1,770
5,447
2,134
3,417
4,430
3,488
1,918
2,073
1 , 893
4,423
2,421
2,115

455
706
4,069
660
252
434
756
710
100
348
2,244
625
149
369
278 1,035
342
463
392 ""250
603
699
193
338
2,564
643
357 " " 225
789
341
669

1962 -- Jan
Feb.. .. .
Mar. . . . . .
Apr, . .
May
June . . .
July.. . . . .
Aug. . . . . .
Sept.
Oct.......
Nov
Dec. . . . . .

3,462
2,535
1,914
4,115
2,161
2,448
1,651
4,080
1,550
2,133
1,808
2,101

1,589
361
372
1,506
352
363
358
2,408
300
359
327
295

1 963- - J a n . . . . . . .
Feb.......
Mar. . . . . .
Apr
May
June
July.,.,..
Aug. . . . . .
Sept
Oct
Nov,
Dec. . . . . .

2,706
2,158
2,773
2,952
2,761
5,046
2,122
1,969
1,658
2,992
5,713
2,348

774
425
148
396
186
716
409
459
2,252
413
398
347
394 " " j 74
3,947
200
357

1964 Jan
Feb. . . .
Mar. . . . . .
Apr
May
June
July
Aug
Sept
Oct
Nov
Dee

2,490
2,037
2,146
4,991
2,293
3 , 084
2,500
4,148
2,548
2,914
4,631
3,338

474
413
399
1,444
367
383
387
2,449
356
367
3,241
373

1965

2,333
3,997
3,003
3,049
3,160
4,298
2,936
2,354
3,028
2,661
6,340
2,948

433
2,129
413
390
356
362
388
371
342
369
3,462
331

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

Digitized for FRASER


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

246
156
461
ISO
175

275
260
160
510

129
184
325
775
239
150
375
375
179

Bonds
Other

jt

Total

Publicly
offered

Total

Stocks

Pri- |
vately
PreCornplaced ferred
mon
j
il

600
687
669
2,256
1,339
1,773
1,093
824
658
1,166
1,004
1,096

474
521
513
1,083
1,021
1,477
829
648
434
855
111
787

178
273
211
713
663
924
424
221
123
336
415
217

296
247
302
371
357
553
405
428

62
14
99
78
34
17
45
169
115
114

603
884
859
1,257
812
1,247
618
945
603
959
771
1,145

468
727
643
919
676
1,079
555
864
440
842
723
1,032

233
497
385
654
248
484
200
477
175
539
286
263

235
230
258
266
429
595
355
387
264
303
437
770

116
15
45
32
24
51
49
21
52

999
810
989
915
902
1,071
789
726
452
1,282
688
483

239
141
82
62
131
26
77
88
10
10
7
14

694
634
1,306
1,074
1,318
1,237
843
757
850
1,131
871
1,494

592
541
1,220
856
1,223
1,120
738
659
762
1,007
720
1,415

350
258
499
380
550
459
279
337
284
511
184
623

243
283
722
4761
674
6621
459
322
478
497
536
792

1,006
810
844
1,204
660
900
922
767
952
816
566
1,097

993
725
830
2,295
1,181
1 ,489
902
748
1,226
186 i 1,036
97
727
64 ! 1,804

872
636
739
924
1,034
1,118
677
636
1,069
823
675
1,662

338
279
361
382
470
468
234
183
376
181
30
320

534
357
378
541
563
651
443
453
693
642
645
1,342

811
932
1,003
970
1,020
1,000
1,055
718
984
867
1,018
768

232
858
791
14
45 1,358
131 1,233
11 ! 1,773
122 2,038
49 1,443
930
95
14 1,538
985
65
86 1,398
25 1,646

727
636
1,214
1,070
1,324
1,729
1,322
837
1,370
861
1,142
1,486

161
187
557
422
694
748
542
369
664
287
613
326

565
450
657
648
630
980
780
468
706
574
528
1,161

866
1,123
621
877
897
760
641
559
426
646
595
547

23
4
72
33
19
3
6
49
45

,:
to

16
89
73
47
85
37
29

820

Total

311:

519
362:

570

Total

New
money

Other
purposes

Retirement
of
seeurities

i
589
673
651
2,226
1,311
1 , 737
1,067
803
63S
1,139
977
1,073

579
660
528
2,142
t,256
1,316
1,050
776
631
1 , 101
964
1,012

537
601
454
2,072
1,037
t 137
864
655
589
960
898
911

42
59
74
70
219
179
186
122
42
141
66
101

9
13
123
84
55
420
17
27
7
38
13
61

121
122
31;
57,
112
68'
27:
61

588
866
834
1,225
796
1,239
609
930
589
943
761
1,131

549
860
819
1,153
771
1,132
573
773
557
819
678
1,064

504
788
715
1,069
617
977
475
629
403
703
462
98

45
72
104
84
154
154
98
144
153
116
216
166

39
6
15
71
25
98
36
157
32
125
83
67

30
17
16
26
17
41
35
38
6
33
53
29

71
76
69
192
77
76
71
60
82
90
97
50

684
623
1,291
1 , 059
1,301
1,221
831
746
842
1,115
859
1,477

6H
588
1,089
953
874
1,006
713
640
778
1,014
803
1,455

S61
429
W
30
199
791
605
567
708
919
5*2
1,110

49
158
96
123
75
215
107
72
70
95
220
345

73
35
202
105
428
215
118
106
64
101
57
22

27
8
3
23
50
81
59
54
23
25
49

93
80
87
1,349
98
289
166
58
133
188
43
94

980
717
821
2,275
1,168
1,469
887
738
1,212
1,020
720
1,786

938
700
778
2,237
1,095
1,405
812
680
1,130
953
669
1,642

H;>2
537
6<>7
2,145
9KO
1,317
6R4
5*7
8C7
754
553
1,322

85
163
81
92
116
88
128
93
323
199
116
320

43
17
43
38
72
64
75
58
82
67
51
144

47
24
60
35
65
155
44
15
92
8
92
87

84
130
82
127
384
154
78
78
76
116
165
72

849
779
1 , 342
1,213
1,747
2,018
1,426
920
1,522
973
1,377
1,632

795
746
t ,197
1,152
1,691
1,946
t,290
850
1 ( 392
924
1,325
1,496

700
687
1,039
939
1,56*)
1 , 665
1 , 1 68
760
t , 24M
834
1 , 1 81!
1,279

95
59
157
213
132
281
122
91
143
90
143
217

54
33
146
61
55
72
136
69
130
49
52
136

30
37
28
59
92
40
20
45
17
12
42
27
2

to

96
129
128
1,114
226
256
244
130
206
299
185
282!

,33!
itf
222

MONEY RATES AND SECURITIES MARKETS


12.30 NEW SECURITY ISSUESContinued
A. BY ALL ISSUERS, 1934-70Continued
[In millions of dollars]
Proposed use of net proceeds,
all corporate issues

Gross proceeds, all issues


Corporate

Noncorporate
Period
Total

U. S.
Govt.

U. S.
Govt.
agency

U. S.
State
and
local

New capital
Stocks

Bonds

Total
Other

Total

Total

Publicly
offered

Privately
placed

Preferred

Total

Common

New
money

Other
purposes

Retirement
of
securities

3,021
3,008
4,250
3,668
3,182
5,072
3,407
3,676
3,249
2,518
6,686
3,277

475
345
457
426
412
397
411
387
402
408
3,737
373

503
410
392
699
1,030
1,084
799
400
450
800
239

1,176
845
848
1,181
877
1,118
678
764
992
736
950
923

30
42
54
86
88
100
149
14
55
32
83
81

1,339
1,273
2,482
1,582
1,106
2,427
1,085
1,712
1,409
892
1,115
1,661

,152
,143
,065
,371
,037
,616
975
,574
,333
755
,004
,535

460
560
753
628
481
831
440
1,140
676
499
569
980

692
583
1,311
743
556
784
535
435
656
256
435
555

119
75
21
28
13
74
70
67
6
31
50
20

68
55
396
182
56
737
40
70
61
106
61
106

,323
,259
,453
,569
,096
,389
,071
,688
,383
875
,097
,643

1,302
1,237
2,445
1,553
1,058
2,362
1,039
1,670
1,382
829
1,086
1,635

,2.3
,068
2,039
,399
,000
2,243
932
1,617
,114
783
,033
,362

88
169
407
154
58
119
106
53
268
46
52
273

22
22
7
7
38
27
32
18
1
46
12
8

5,091
7,523
5,253
4,229
4,002
5,373
4,375
10,625
4,218
4,609
8,732
4,483

494
4,154
459
393
438
410
415
6,458
362
422
5,054
371

1,251
783
750
650
810
650
407
250
599
708
710
612

1,450
1,599
1,437
1,129
1,209
1,461
925
840
1,273
991
1,320
1,092

211
10
245
41
26
179
39
596
220
78
147
22

1,684
1,418
2,362
2,016
1,518
2,674
2,589
2,481
1,763
2,409
1,500
2,385

,593
,262
,219
,778
,361
,343
,375
,231
,549
,940
,196
,107

745
900
,618
,368
965
,684
,889
,813
901
1,375
645
1,087

848
362
601
410
396
659
486
418
647
566
551
1,020

51
17
24
144
47
17
85
105
41j
231
81
42

40
139
119
94
313
130
144
173
238
222
235

,668
,400
,334
,985
,493
2,631
2,543
2,440
1,733
2,367
1,471
2,344

1 ,648
1,399
2,317
1,973
1,474
2,611
2,454
2,406
1,723
2,288
1,467
2,335

,522
,375
2,178
,891
,418
2,363
2,179
2,184
1,581
2,120
1,305
2,113

125
24
139
82
56
248
275
222
142
168
163
223

21
1
17
12
19
20
89
34
10
79
3
8

1968 Jan
Feb
Mar
Apr
May
June. . . . .
July
Aug.
Sept
Oct. . .
Nov.
Dec

4,596
8,071
5,069
3,423
7,702
4,984
4,913
9,759
3,819
6,111
3,294
3,812

481
4,719
418
405
3,805
383
417
5,850
361
430
379
377

999
550
1,370
225
744
779
800
580
250
1,146

192
61
118
88
153
52
131
230
228
146
112
20

1,771
1,608
1,799
1,428
1,866
2,411
2,143
1,432
1,557
2,129
1,767
2,054

449
,382
,359
,157
,566
,025
,771
,037
,159
,604
,301
,572

903
796
766
719
1,046
1,340
1,244
637
726
,009
939
607

546
585
593
438
521
685
528
400
433
595
362
965

461
58|
146
49
51
24
86
93
1
25
41
19

276
169
295
221
249
361
286
303
397
499
425
464

,732
,584
,765
,397
,828
2,366
2,097
,397
,512
.

1,705
1,568
1,740
1,385
1,825
2,333
2,091
1,394
1,497

,588
,447
,592
,210
,647
,944
,985
,074
,281

117
121
149
175
177
389
106
320
216

27
16
24
33
12
4
6
3
15

223

1,162
1,134
1,363
1,277
1,134
1,360
1,422
1,666
1,423
2,260
1,037
1,138

1969 Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec

4,284
4,086
3,514
5,780
4,608
4,056
5,015
3,516
3,958
5,420
4,069
4,440

427
443
382
412
410
419
421
377
353
440
300
380

424
450
453
981
950
351
940
600
587
1,782
450
650

1,244
974
520
1,627
1,088
710
1,052
794
531
1,254
853
812

113
174
61
12
85
45
124
117
60

,616
,237
,344
,917
,382
,786
,889
944
,701
,282
,390
,860

980
842
835
1,268
871
1,272
1,279
685
1,222
969
1,164 i
1,346

636
395
509
649
510
514
609
259
479
313
226
514

67
72
98
68
10
50
36
72
74
20
83
32

393
736
657
762
684
694
553
410
652
630
902
640

92
65

2,075
2,045
2,098
2,748
2,076
2,539
2,478
1 ,427
2,427
1,933
2,375
2,532

1970 Jan
Feb. . . .
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec.

6,144
6,003
6,799
5,891
9,548
6,985
5,896
8,155
8,199
8,353
9,040
7,652

413
416
461
387
3,701
819
405
3,573
1,428
412
2,414
402

1,648
2,523
1,201
700
950
1,693
1,107
1,115
1,600
2,169
750
924

1,3-14
1,198
1,504
1,625
974
1,058
1,310
1,318
1,650
1,882
1,684
2,245

133
63
94
9
14
27
306
76
4
113
10
100

2,636
1,802
3,539
3,170
3,909
3,389
2,768
2,273
3,518
3,777
4,182
3,982

2,120
1,334
2,385
2,469
3,441
2,368
2,151
1,935
2,814
2,694
3,283
3,322

1,595
1,068 i
1 ,914
2,021
3,042 1
1,931
1,831
1,731
2,425 1
2,390
3,001
2,436 i

525
266
471
448
399
436
320
205
389
304 t
283 |
886

60
50
90
67
69
222
88
92
176
180
124
170

456
417
1,064
634
399
799
529
246
528 '
903
774
490

1966-Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct...
Nov
Dec. . .
1967 Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

Digitized for FRASER


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

821

. ,. ,

MONEY RATES AND SECURITIES MARKETS


12.30
B.

NEW SECURITY ISSUES Continued

PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934^47
[In millions of dollars]
Industria 1 &. misc.
Period

New
capital

Retirement
of securities

New
capital

Real estate & financial

Railroads

Public utility
Retirement
of securities

New
capital

New
capit.il

Retirement
of securities

Retirement
of securities
.

1934

28

34

53

77

52

120

20

1935
1936
1937
1938
1939

224
519
706
605
23 1

550
761
373
226
353

60
90
140
265

67
215
229
24
5

54
558
110
30
97

5(1
23*!

90

1,190
1,897
611
943
1,157

1940
1941
1942
1943
1944

223
365
438
299
530

738
463
89
199
504

259
347
172
46
56

922
993
292
423
1,343

133
253
32
46
102

186
108
15
114
500

147
76
4
1?
65

4
42

1945
1946
1947

959
2,620
2,333

1,010
981
353

132
878
2,273

2,159
1,252
939

H5
132
24?

1,320
571
35

141
259
262

65
64
24

1934 Jan
Feb
Mar
Anr

May
June
July
AUB
Sept
Oct
Nov
Dec

1935

Jan
Feb
Mar
Apr
May
June
July
AUB
Sept
Oct
Nov
Dec

1 936Jan
Feb
Mar
Aor
Mar

June
July
Sept
Oct
Nov
Dec
1937Jan
Feb
Mar
May

July
Sept
Oct
Nov
Dec

Digitized for FRASER


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

4
3
2
2
1
1
9
4
21
15
24
7
9

l\60
5
37

,2
3
6
4
20
1

2
8

20
11

16

2
50
72
29
99
306
35
146
178
198
74

?6
15
44

4
28
13

121
32
68
180
80
121
36
18
22
13

56
69
50
40
37
127
123
26
96
36
20
28

it
S30

3
42
38
4
39
1

40

31
12
24
50
20
58
21
23
55
51
42
131

. . . .

2
6

3
27
43
8
82
46
175
32

i""
2

i3,3
if'
6
2
1

23

9
j
3
27
26
5
13
28
6

822

"

i
i

IS

9
2

21

; *; ;

'""18
21

63
133
141
10
46

7
45
43
72
22

"'
18

'?1

10

3
50
J

'!
25

""

2""

47

9
18

<""

i""
24

'

119
104
49
131
44
25
19

"
. . . '..' _ . . . .

47
5

3.

'230!

T""."
"

65
93
193
297
102
169
131
59
120
251
65
354

7
9
8
25

72
152
7
7
88

2'"
14

21
100
8
35
40

7
14 '
50
3
46

*5

i
37

64

"""i""
47

!!
1

::::;....:..

MONEY RATES AND SECURITIES MARKETS


12.30

NEW SECURITY ISSUES Continued

B. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934-47 Continued
[In millions of dollars]
Industrial & misc.
Month

New
capital

1938 Jan
Feb
Mar
Apr, .
May
June . .
July
Aug.. .
Sept.. .
Oct
Nov
Dec

Retirement
of securities
1
44

New
capital

Retirement
of securities

New
capital

5
24
24
77
18
10
14
21
10
7
11
10

6
9
14
59
2
83
84
51
9
10
4
21

19
10
15
31
13
18
16
19
27
21
5
30

20
112
18
69
78
11
97
66
8
84
32
141

7
27
17
11
11
2
146

Nov...
Dec

10
16
34
23
21
37
19
36
14
63
62
31

109
27
39
66
54
38
29
40
9
13
24
15

17
3
48
19
7
16
13
138
8
16
47
15

93
55
129
64
134
97
26
169
106
63

45
51
23
24
7
21

46

28

1942 Jan..
Feb
Mar
Apr
May
June , .
July..
Aug
Sept
Oct
Nov...
Dec. . .

43
26
42
98
92
64
23
2
38
4
5
2

1
14
5
17
1
6
29

28

83
10
40
4
13
50
2
4
25
29
16
17

10
4
6

34
20
57
38
1
21
53
41
50
38
71

8
5
3
14

1940=-Jan
Feb
Mar...
Apr. .
May
June . .
July
AUE
Sept.. .
Oct
Nov...
Dec..
1941 Jan
Feb. . .
Mar
Apr.. .
May . .
June .
July
Aug. ,

....
.

....

....

sept.
::;;:;.:...::;
Oct..

I943_j an
Feb
Mar
Apr. . ,
May . .
June . .
July
Aug
Sept.. . .
Oct. . .
Nov
Dec

... . . . . . .
,

. . . .

Digitized for FRASER


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

5
2
42
11
22
9
24
9
6
29
120
19

3
12
6
15
22
7
26
36
30
10
27
11
10

62
23
87
35
170
57
263
66
118
3
110
32
82
24
243
51
236
49
137
50
140

2
5
1
14
27
2
17
9
11

70
92
16
37
1
98
100
26
47
202
16
219

2
14
4
17

31
13
17
20
3
34
15
1
10
5
3
2
10
I
7
9
3
7

823

New
capita!

Retirement
of securities

2
1
6
19
24
20
5
103

. . . .

Retirement
of securities

1
62

38
45
3
3
14
50
9
55
1
13
22
12

10
2
24
141
122
41
110
73
13
65

1939=_Jan
Feb
Mar:..
Apr. .
May
June . .
July..
Aug. . ,
Sept
Oct
Nov...
Dec..

Real estate & financial

Railroads

Public utility

6
6
3
B
I

4
1
30

28
2
5
11
21
4
14
3
1
5
5

5
13
7
2
1
7
2
59
20
34
82

2
15
28
10
16
26
12

11
2
31

27
21
3

5
50
5
2

3
2
2

7
35
4

?""

1
2
3
2
2
2
1

6
51
30
1

14
30
6
65
7
1
2
1
2
7
12

4
4

31

8
9
6
10
4
6

\2'"
2

9
4

6
4
3
3

10
18
29
7
28
23

8
3
1
2
3

MONEY RATES AND SECURITIES MARKETS


12.30

NEW SECURITY ISSUED

Continued

B. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: OLD GROUPING, 1934 47
[In millions of dollars]
Industrial & misc.
Month

j944_jan
Feb
Mar
Apr
May
June
July
Aug
Sept..
Oet
Nov
Dec
1945=Jan
Feb
Mar
Apr
May
June ,
July
AUK
Sept
Oct
Nov
Dec
1946 Jan
Feb
Mar
Apr
May
June
July
Auc
Sept
Oct. .
Nov
Dec

1947

New
capital
41

...
,
. . .

,. ,.

Jan
Feb
Mar
Apr
May
June
July
Auc
Sept
Oct
Nov
Dec

Digitized for FRASER


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

. . .

.....
o

...

New
capital

S3

2
6

40
40
47
38
15
117
23
27

18
68
63
30
74
10
77
74
23
7

29
14
44
84
139
20
179
134
92
118
28
79

48
27
40
44
99
47
304
116
42
105
33
105

108
60
120
286
160
256
196
359
134
220
480
241

48
109
27
165
137
160
154
78
12
13
48
30

152
125
83
317
167
141
213
120
71
247
148
550

84

59

... o

Retirement
of securities

I
24

35
26
39
13
11
23
45
43

Railroads

Public utility

3
6
5
14
7
4
11
3
12
6*""
7
7
42
9
32

Retirement
of securities
61
30
132
29
58
25
56
26
155
485
265
20
47
81
121
134
196
37
302
111
372
524
54
181

New
capital

Real estate & financial

2!

iS

6
4.

14
18

346
57

12
10

93
74
266
219

ieo

109
25
426
18
59
225
35
56
361
228
71
172
298
247
502

28
25
107
65
180
181
73
96
136
9
31
8

28
7
11
17
15
28
28
23
4
31
37
20

5
2
1

824

42
8
11
4
14
2
17
6
9
22
23
24

50" "

2
2
1
7
9
9
3
16
21
18
37

20
16
48
190
12

1
2

48
82

119
96

19

!35

12

27

Retirement
of securities

2
2

47
41
67
125
421
144
157
37
82
20
28
84

2
2

New
capital

Retirement
of securities

9
25
2

Continued

,!

190
97
69
24

3
19
10

22
2
4

1
7
2
12
30
->
3
3
7

3
28
22
26
33
51
7

8
10
18
4

8^
54

,1

12
60
|

2
1
31
1
1
4

8
12
36
15
4
47
16
20
29

2
1

5
8

. .
1
3

MONEY RATES AND SECURITIES MARKETS


12.30
C.

NEW SECURITY ISSUES Continued

PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63
[In millions of dollars]

Manufacturing
Period

New
capital

Retirement of
securities

Commercial and
miscellaneous

New
capital

Retirement of
securities

Transportation

New
capital

Retirement of
securities

Public utility

New
capital

Retirement of
securities

Communication

New
capital

Retirement of
securities

Real estate
and financial

New
capita

Retirement of
securities

1948
1949

2,126
1,347

54
44

382
310

21
28

691
784

56
11

2,005
2,043

144
233

890
517

2
49

557
558

30
35

1950
1951
1952
1953
1954

1,026
2,846
3,713
2,128
2,044

149
221
261
90
190

474
462
512
502
831

63
56
24
40
93

609
437
758
553
501

196
53
225
36
270

1,927
2,326
2,539
2,905
2,675

682
85
88
67
990

314
600
747
871
651

-81
5
6
3
60

639
449
448
1,536
788

100
66
60
24
273

2,397
3,336
4,104
3,265
1,941

533
243
49
195
70

769
682
579
867
812

51
50
29
13
28

544
694
802
778
942

338
20
14
38
15

2,254
2,474
3,821
3,605
3,189

174
14
51
138
15

,045
,384
,441
,294
707

77
21
4
118

1,812
1,815
1,701
1,014
1,801

56
17
67
47
6

1,997
3,691
2,958
3,312

79
287
228
190

794
1,109
803
774

30
36
32
55

672
651
543
873

39
35
16
83

2,754
2,883
2,341
1,935

51
106
444
699

,036
,435
,276
726

1
382
11
356

2,401
2,248
1,825
2,933

71
22
23
144

49
47
51
45
26
88
70
42
44
65
75
90

121
110
200
242
108
236
123
75
153
168
146
326

5
12
36
15
29
2

60
I
92
6
114
153
65

14
21
8
2

83
79
72
161

1955
1956
1957
1958
1959

. . .

I960
1961
1962
1963
1948 Jan
Feb
Mar
Apr..
May
June
July .
AUK.
Sept
Oct. . . .
Nov
Dec. .

1949_jan
Feb, .
Mar
Apr
May. .
June,
July.
Aug
Sent
Oct .
Nov
Dec, .
1950Jan
Feb
Mar..
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec. .
1951

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

. .

....

....

. . .
;

. .

Digitized for FRASER


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

92
365
98
210
158
101
237
95
110
357
148
155

11
9
24
1
5
2
2

34
56
23
27
27
47
47
19
25
29
16
34

26
17
38
11
21
31
10
26
47
38
11
34

29
50
47
23
145
152
64
41
60
149
122
144

2
4
11
13
9
23
7
12
10
22
13
22

31
20
14
27
37
35
66
29
59
23
27
107

66
55
263
326
333
365
138
213
144
297
194
454

9
4
34
47
6
19
17
17
13
10
21
26

62
24
54
43
43
48
24
18
24
40
46
37

123
136
103
298
96
165
200
44
22
67
35
58

3
7
6
1
4
16

5
1

3
5

4
8
13
2
4
1
1
6
7
9
4
6
16
6
1
7
5
2
4
14
5
12
3
3
2

57
73
96
49
77
71
132
27
33
70
26
74
82
26
96
63
55
40
68
39
70
25
20
24
44
12
50
26
19
30
19
69
48
17
70
34

825

""37"
19

!..

4
31

""ii"
29
50
4"
3
57
18
3
14

i"

1
16

126
96
166
239
182
484
113
93
64
148
129
203

16
39
2
1
27
45
4
96

192
67
132
217
145
389
48
108
146
192
122
168

11
30
48
55
166
159
10
105
12
41
39
5

203

133
216
117
265
193
252
186
146
125
196
257
240

8
3
38
5
2
3

6
2
423
24
3
2
51
3
8
15
37
25

2
1

4
2
5
14

7
2
8
46
4
386
26
4
13
16
4

17
24
5
3
19
7
7
14
It
4

1
1

3
35

10

8
61
1
3
2"
4
4

60
14
171
37
9
74
46
10
47
44
36
8

14
2
1

10
54
28
77
41
77
24
6
58
11
92
79

J4
15

20
22
61
85
30
118
32
60
26
26
41
117
31
39
20
26
33
88
74
27
14
62
14
21

1
2
7

'"

50
23
8
1
13
3
1

6"
2
4
15
36

MONEY RATES AND SECURITIES MARKETS


12.30
C.

NEW SECURITY ISSUES Continued

PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63
[In millions of dollars]

Manufacturing
Month
New
capital

Retirement of
securities

Commercial and
miscellaneous

New
capital

1952Jan .
Feb
Mar....
Apr
May.. ,
June
July
AUK. . . .
Sept
Oct. ...
Nov
Dee....

373
247
381
268
581
264
336
93
136
577
147
309

5
24
5
16
50
7
18
34
47
19
18
18

25
It
45
71
22
44
49
33
14
29 !
21
148

1953Jan
Feb
Mar
Apr
May, ,
June
July...

280
140
192
302
89
276
116
44
131
53
93
409

8
6
7
7
19
7
17
2

17
72
35
23
55
38
55
17
18
47
25
100

1954= .Jan
Feb
Mar, . .
Apr
May. .
June
July
AUK.. .
Sept
Oct
Nov .
Dec

117
45
99
76
199
273
520
107
109
273
105
123

17
2
7
8
6
23
5
10
40
64

51
24
62
63
41
90
68
41
58
127
73
132

1955

147
67
539
123
351
155
214
115
166
85
149
287

37
16
86
31
52
8
140
55
19
1
32
54

44
61
95
38
49
109
63
37
68
56
70
79

171
183
252
259
467
281
333
196
206
314
147
526

26
19
24
78
11
19
8
16
10
7
19
5

40
44
47
29
58
77
95
83
36
31
110
33

379
558
361
322
130
623
248
243
320
129
220
572

5
4
1
9
6
5
5

41
76
34
39
48
35
69
51
38
51
38
60

AUK,.

Sept
Oct
Nov
Dec,..

,. .

Jan
Feb
Mar
Apr,.
May
June, . .
July.
Aus
Sept
Oct
Nov
Dee

..

1956 Jan,
Feb
Mar...
Apr
May
June
JU|y

AUK
Scot
Oct
Nov
Dec. . .

1957 Jan
Feb
Mar
Apr
May
June
July
Aug. .....
Sept
Oct..
Nov
Dec

Digitized for FRASER


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

...

2
6
9

4
2
8

Retirement of
securities

3
9
3
1
2
2
2
1
1
15
1
6

4
3
1
2
4"

1
6
12
1
4
32
14
1
16
4
5
3
1
1
9
4
4
14
6
4

3
1

i"
16
21
4
2
3

?2
3
5

New
capital

Retirement of
securities

25 i
44
99
167
99
23
82
27
38
29
32 '
93
42
33
82
66
40
45
46
I5
,
32'
36
32
84
65
37
42
58
20
40
60
46
40
22
IB
52
48
8
36
18
55
55
29
45
50
54
17
130
26
38
71
53
86
54
36
37
63
37
45
148

101
30
70
73
80
50
45
31
80
49

........
138

826

Public utility

Transportation

New
capital

174
95
401
259
228
343
231
106
165
280
43
213

68
35
85
1
2
12
23

it

;:

. .....
3

12
31

123
25
51
18
43

""89"

3
1
141
4
52
4
1
1
1
10
J
2
5

' 8'
1
"6

Communication

Retirement of New
secucapital
rities

2
3
5
47
26
28
493
21
16
26
47
33

15
13
19
58
35
68
47
11
20
58
50
55

"io"
2
67

214
245
210
215
391
314
207
97
241
350
229
191

8
2
17

5
16
8

28
7
16
13
7
37
18
30
88
13
5
608

i
i
i

i
2

27

275
266
316
237
330
373
188
104
174
212
46
153

46
72
173
58
132
55
74
60
15
305

195
97
195
178
231
260
103
84
208
166
268
269

41

67
196
189
292
335
226
237
154
242
227
153
157

246
246
490
354
350
431
244
251
417
333
287
173

Real estate
and financial

Retirement of
New
secucapital
rities

28
36
16
11
13
12
2

1
6
4

J3
16
6
7

28
26
40
8
2
25
326
98
20
43
26
21
12
24
32
45
91
19
694
40
35

3
36
102
15
81
11
261
82
56
68
596
73
105
46
277
50
82
136
54
124
65
369
92
41

i
54

'1

6
6

""32

io
3

18

1
1

42
125
132
160
93
412
40
122
242
77
45
46
12
48
88
38
26
58
71
12
41
270
26
100
96
147
337
110
177
76
143
272
158
107
88
100

267
216
155
170
118
192
102
102
236
68
37
151

189
110
89
91
75
178
343
' ' ' ' "3* '224
53
159
98
92

Continued

Retirement of
securities

"'"i"
10
4
25
1
7
3
7
1

5
7
2
3
2
3
1

25
98
128
2
7
4
1
H

2
26
f>
4
1
2
3
3
8
........
1
1
1
4
*>
7

1
2
4

........
30

""30"

MONEY RATES AND SECURITIES MARKETS


12.30

NEW SECURITY ISSUES Continued

C. PROPOSED USES OF NET PROCEEDS BY MAJOR GROUPS OF CORPORATE ISSUERS: NEW GROUPING, 1948-63 Continued
[In millions of dollars]

Manufacturing
Month
New
capital

1958 Jan
Feb
Mar
Apr
May
June,
Julv
Aug
Sept
Oct
Nov.,
Dec

1959Jan
Feb
Mar
Apr
May.
June
July. .
Aug
Sent
Oct, .
Nov
Dec. .
I960Jan
Feb
Mar
Apr..
May
June
Julv
Y""
Aug
Sept
Oct
Nov
Dec. .
1961 Jan
Feb
Mar
Apr
May
June
Julv
v"y
Aug
Sept
Oct
Nov
Dec..
1962 Jan.. .
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

145
173
196
612
162
253
526
113
473
265
120
226

....

...

...

.
..

'

1963 Jan . .
Feb
Mar
Apr
May
June. .
July
AUE
Sept
Oct
Nov
Dec

Digitized for FRASER


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

...

Retirement of
securities
10
40
If
27
40
22
14
4
7
9
11

Commercial and
miscellaneous

New
capital

28
24
48
68
22
29
40
55
386
41
74
53
67
108
48
74
53
129
61
44
35
83
50
61

143
123
92
279
250
222
135
127
206
86
114
164

16
1
1
5
7
4
J
15
4
14

59
67
172
171
92
249
182
220
161
185
249
191

1
6
4
4
27
22

61
99
129
47
68
49
38
51
45
66
79
61

155
99
227
584
441
459
430
257
254
267
226
291

2
4
28
16
25
123
9
23
5
29
9
14

35
90
45
92
113
112
102
88
62
160
59
151

205
133
311
383
269
344
204
218
145
167
249
331

14
2
2
67
3
35
28
4
17
10
16
31

98
54
71
102
94
73
27
46
57
40
39
103

135
220
592
148
216
227
297
272
237
240
214
515

5
6
31
5
29
10
28
3
47
5
8
13

49
52
85
64
60
114
63
50
32
60
41
104

2
6

Retirement of
securities

i
3
2
4
2

1
1
2
6
2
10
4
2
1

i"
2
1
6
1
9
6
3
1
1
5
1
22
1

1
5
1
2
3
4
4
7
6
6
2
1
5
12
2
3
4
7
4
5
8

Transportation

New
capital

83
42
60
88
24
106
59
27 *
33
81
25
151
80
154
56
74
35
93
32
98
138
104
17
60
57
18
74
53
78
38
50
92
51
36
45
78
83
55
46
27
68
117
11
68
28
57
60
32
25
45
75
28
38
45
24
72
47
20
35
90
99
30
143
34
101
109
35
36
61
25
83
118

827

Retirement of
securities
24

2
2
3

4
1
1
1
1
1
35

i
7
20
7

15

60
12

8
2
1

Public utility

New
capital

322
368
402
293
302
409
347
281
181
311
126
263
295
185
333
314
337
328
170
191
109
341
241
346

Retirement of
securities

22
38
16
46

2
14
2
2
5
1
1
5

Communication

New
capital

34
35
797
40
11
12
101
14
9
48
89
103

36
85
68
52
36
61
57
165
94
254
27
100

137
160
84
245
439
371
288
215
111
297
364
172

21
38
19
996
86
20
22
14
75
21
78
45

89
148
192
377
198
410
118
111
148
141
169
241

114
115
97
342
222
230
107
100
78
201
131
198

8
40
24
4
2
16
56
4
142
13
108
50
25
65
30
61
86
58
179
82
22

""73"
41
2

50
37
30

73
362
21
88
64
76
88
120
67
259
54

125
68
43
71
92
58
86
25
39
41
13
64

New
capital

117
214
51
38
75
78
34
50
32
117
84
124
202
105
107
138
104
94
129
245
161
140
180
198

34
62
9
16
6
22
7
36
56
126
262
72

155 I
2*'
245
198
303 ""is"
144
362
3"
14
126
222
303
203
10
314
2
1
180

21
17
14
3
2

Retirement of
securities

Real estate
and financial

70
45
12
251

i"
i

i
4
2
2
3

3
262
8
5
71
1
4
3

Retirement of
securities

2
1
1
4
34

1
1
1
1
2

201
201
219
136
157
286
282
215
72
147
242
242

50

148
217
107
197
111
238
198
134
100
299
178
320

7
1
1

58
118
150
177
108
183
112
207
93
192
181
245
91
110
183
271
212
276
89
155
348
446
337
416

3
1
1
9
4

4
4
1
2
1
1
9
1
2
3
2
1
2
2
1
105
1
9
5
2
4
7
1
4
6

MONEY RATES AND SECURITIES MARKETS


12.30

NEW SECURITY ISSUES

Continued

D. GROSS PROCEEDS, BY TYPE OF ISSUE, FOR MAJOR GROUPS OF CORPORATE ISSUERS, 1961-70
[In millions of dollars]
Manufacturing

Commercial and
miscellaneous

Transportation

Bonds

Stocks

Bonds

Stocks

Bonds

3,371
2,880
3,202
2,819
4,712

741
404
313
228
704

800
622
676
902
1,153

389
274
150
220
251

692
573
948
944
953

20
14
9
38
60

2,347
2,279
2,259
2,139
2,332

692
$62
418
620
604

692
1,264
953
669
808

1,128
43
152
1,520
139

1,522
1,397
2,18
3,391
3,762

753
457
313
466
514

5,861
9,894
5,668
4,448
9,192

,208
,164
,311
,904
,320

,166
,950
,759
,888
1,963

257
117
116
3,022
2,540

1,856
1,859
1,665
1,899
2,213

116
466
1,579
247
47

3,117
4,217
4,407
5,409
8,016

549
718
873
1,326
3,001

1,814
1,786
1,724
1,963
5,053

189
193
43
225
83

1,747
2,247
2,159
2,739
3.K78

193
186
662
1,671
1,638

149
116
159
172
210
340
154
162
257
251
195
612

17
12
6
23
6
30
38
16
15
17
18
25

58
44
34
85
37
37
36
29
150
73
139
151

30
19
15
25
14
16
11
17
18
21
13
21

100
161
31
70
124
36
91
19
50
45
62
124

86
133
175
148
412
185
113
121
285
264
45
172

51
28
20
26
89
86
114
46
52
75

158
84
10
150
23
68
22
31
20
57

1
25
1,235
4
201
5

33

11

312
84
305
23B
200
425
228
253
212
128
194
357

23
29
24
32
32
34
57
31
69
69
16
50

393
147
547
532
371
428
436
351
379
273
384
472

19
64
8
31
364
57
17
13
57
15
40
20

52
23
89
115
51
143
266
40
102
53
34
185

22
16
21
14
30
27
7
14
25
31
12
34

29
47
126
54
164
44
123
43
65
65
63
131

62
190
236
170
253
76
193
271
325
154
173
228

57
39
53
42
21
119
35
34
40
15
68
79

17
39
24
17
136
63
146
25
166
68
47
60

172
1%
192
182
350
974
157
K)8
334
250
441
412

17
30
56
69
24
70
49
27
9
34
103
25

407
545
652
657
372
592
385
498
637
307
220
662

21
10
349
46
20
576
20

22
16
30
51
28
24
11
29
13
10
11
10

164
94
369
146
75
139
73
237
65
38
196
272

294
222
328
293
272
288
230
272
65
238
283
351

114
35
15
78
5
43
58
46
17
20
53
64

111
110
298
64
37
219
48
319
200
92
156
130

H9
119
2S6
103
148
249
149
105
286
33
100
38

13
32

20

105
79
131
109
132
130
90
143
80
29
49
82

19
9
34
17
9
24
21
8
4

640
541
1,243
1,048
559
1,135
881
1,151
549
760
382
1,005

8
29
40
105
39
199
82
112
106
170
144
130

79
60
95
68
68
191
246
81
242
84
153
356

26
13
19
40
29
37
43
18
56

143
99
217
101
176
119
401
91
148
171
86
198

2
43
28
12
4
9
6
8
3
2

182
218
446
355
400
455
402
453
237
496
332
241

40
61
64
46
26
21
74
3
12
152
78
41

286
105
139
81
67
315
36
349
202
59
81
66

10
1
7
28
25
39
4
10

263
239
79
126
91
127
410
105
172
369
162
240

4
9
13
17
11
22
6
17
15
22
14
37

520
519
630
316
483
689
683
248
288
459
298
536

41
51
147
56
80
78
160
114
164
180
123
115

154
94
93
187
109
159
308
113
88
106
109
145

1!90

91
117
192
200
102
152
194
106
96
167
172
170

1
2
1
5
8
3
13
4
13
27
30
9

337
462
311
126
444
492
179
325
444
623
409
256

87
100
145
54
113
15
60
121
31
51
34
63

174
148
83
192
102
236
238
95
156
107
159
35

14

172
42
50
137
327
298
U9
1M

107
22
55
It
20
34
31
46
56
93
94
91

Period

1961 . . .
1962
1963
1964 . . .
1965
1966
1967
1968
1969
1970

.
.

1964- -Jan
Feb
Mar.
Apr
May
June.
July
Aug.
Sept. .
Oct.
Nov.
Dec

. .

1965- Jan,. . .
Feb.
Mar. .
Apr
May
June
July
Aug
Sept,
Oct.
Nov
Dec.
.

. .,

1966=-Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec
1967-Jan,
Feb
Mar.
Apr.
May
June
July
Aug.
Sept. .
Oct.
Nov.
Dee
1968 -Jan.
Feb
Mar
Apr.
May
June
July
Aug.
Sept. .
Oct.
Nov
Dec.

..

,,.,,

Digitized for FRASER


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

n1!

It65
144
75
252
106
110
133
165
181
198

828

Stocks

31
2
2
2
11
6
1
6
2
2
33
2
6
4
!

74
10
1
12
3

Communication

Public utility
Bonds

Stocks j Bonds

:!

Heal estate
and financial

Stocks 1 Bends

30
2
13
5

i
9
36
8
5
35
28

16
38
5
12
6
61
5
1
.........
15
25

62
2

3
3
1
8
4
6

is

141
155
431

Stocks

to

MONEY RATES AND SECURITIES MARKETS


12.30
D.

NEW SECURITY ISSUESContinued

GROSS PROCEEDS, BY TYPE OF ISSUE, FOR MAJOR GROUPS OF CORPORATE ISSUERS, 1961-70Continued
[In millions of dollars]
Manufacturing

Commercial and
miscellaneous

Transportation

Bonds

Bonds

Stocks

Bonds

Stocks

Bonds

Stocks

Bonds

Period

1969 Jan.. . .
Feb.
Mar. .
Apr
May
June. . . .
July
Aug.
Sept.
Oct.
Nov. .
Dec.
1970 Jan
Feb.
Mar..
Apr.
May . .
June
July .
Aug
Sept.
Oct
Nov.
Dec

. .

Digitized for FRASER


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

Stocks

Public utility

Communication

299
344
297
328
435
455
636
285
501
115
286
420

104
169
194
186
134
186
238
77
124
144
167
181

169
197
191
330
101
119
133
37
142
94
183
190

200
345
306
276
397
314
177
161
209
202
242
194

257
329
139
151
141
201
122
48
182
52
137
140

2
19
63
101
4
13
4
6
9
16
5
6

509
136
352
627
372
606
446
354
413
676
422
497

118
179
51
157
20
96
47
153
132
69
200
103

181
56
198
43
129
187
286
122
230
120
156
255

690
314
883
617
801
896
602
663
938
929
927
932

121
43
533
73
17
42
36
20
56
76
180
124

172
65
111
283
113
124
232
91
118
288
147
207

165
122
200
276
338
396
161
96
228
287
129
147

330
163
262
153
63
118
215
125
145
138
169
306

10
7

557
417
613
939
535
673
624
531
904
653
845
725

82
123
293
170
65
431
219
98
337
448
505
230

229
216
286
56
1,747
353
143
278
443
338
693
277

829

i"

i"

7
58

Stocks
4

""34"
I
68
4
4
43
45
22
4
10
20
6
1
2
34
5

Real estate
and financial
Bonds

Stocks

201
176
167
438
203
167
266
99
233
225
207
358

31
96
107
110
70
131
122
83
210
219
326
166

141
160
231
421
182
204
335
248
266
348
502
822

134
163
108
176
49
151
191
122
81
238
78
146

MONEY RATES AND SECURITIES MARKETS


12.31

NEW ISSUES OF STATE AND LOCAL GOVERNMENT SECURITIES, 1946-70


[In millions of dollars]
Issues for new capital

AH issues (new capital and refunding)


Type of issue
'

Total
amount
delivTotal
ered

State

Special
district
and
stat.
auth.

19
4
66
143

150
870
900
651

201
374
533
524

600
730
1,454
1,558
3,205

59
389
358
499
375

246
722
1,305
2,091
1 , 463

1 988
1,889 . . . . . . .
2,37H . . . . . . .
2,701 ... .
3,459

3,579
3,188
4,087
5,477
6,789

709
582
969
1 , 320
1,432

3,742
3,577
4,795
5,447
4,782

1,730
1,626
1,965
1,778
2,407

502
199
66
187
332

1,460
668
9'
718
9
767
9 2,047
*j 1,408
44
800
99
,489
115
,993
176
,686

1,097
983
1,272
1,371
2,121

3 472
3 664
4,164
4,162
3,890

7,292
8,566
8,845
10,538
10,847

4,771
5,724
5,582
5,855
6,417

2,095
2,407
2,681
4,180
3,585

302
315
437
254
637

125
120
145
249
208

,110
,928
,419
,620
,628

1 1 , 329
11,405
. . . . 14,766
16,596
11,881

7,177
6,804
8,985
9,269
7,725

3,517
3,955
5,013
6,517
3,556

464
325
477
528
402

170
312
334
282
197

18,164 1 1 , 850

6,082

131

103

General
obligations

Revenue

1 , 204
2,354
3,004
2,996

979
1,964
2,388
2,170

206
386
550
683

1950 .
1951
1952
1953
1954

3,694
3,278
4,401
. . 5,558
6,969

3,035
2,159
2,580
3,492
3,380

1955
1956. .
1957
1958
1959

5,976
5,446
6,926
7 , 526
7,697

Total

1946
1947 . .
1948
1949

1960
1961
1962
1963
1964
1965
1966
1967. .
1968
1969

Use of proceeds

Type of issuer

Period

1970
1946 -Jan....
Feb. . .
Mar...
Apr. . .
May. .
June. .
July...
Aug. . .
Sept. . .
Oct. . . .
Nov...
Dec.. .

76
76
89
85
144
131
139
68
89
53
78
175

1947- -Jan....
Feb. . .
Mar...
Apr. . .
May. .
June . .
July...
Aug. . .
Sept...
Oct
Nov..,
Dec. . .

229
100
354
406
109
215
145
194
275
121
106
101

1948Jan....
Feb. . .
Mar...
Apr. . .
May. .
June . .
July...
Aug.. .
Sept...
Oct
Nov. . .
Dec

126
227
640
183
196
308
258
319 .
119
283
214
132

1949 Jan....
Feb. . .
Mar...
Apr. . .
May . .
June . .
July...
Aug.. .
Sept...
Oct. . . .
Nov. . .
Dec. . .

199
204
172
199
350
325
244
219
333
231
266
256

Digitized for FRASER


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

Public U.S.
Hous- f Govt.
ing
loans
Auth. ,

".'.!.

.......

HOJSing

Veterans'
aid

Other
purposes

168
202
423
520

181
476
438
545

9
70
148
203

39
673
643
263

458
687
749
836

510
580
938
1 , 588
2,136

619
640
642
803
1 , 270

123
361
4?.4
5U6
456

635
42
100
141
162

984
983
,015
,119
,333

s 911
5,383
6,875
7,441
7,589

1,516 1,362
1,455
698
2,524 1,036
2,617 1 , 1 6 4
2,318
844

\ , 399
1,517
1,412
1,985

570
258
113
251
401

169
110
333
339
355

,414
,464
,352
,657
,685

1,984
2,165
2,600
3,636
3,812

4,198 7,102 7,247


4,473 8,301 8,463
4,825 8,732 8,568
5,281 10,496 9,151
5,407 10,069 10,201

2 405 1,007
2,821
1,167
2,963
1 ,114
3,029
812
3,392
688

1,316
1 , 700
1,668
2,344
2,437

426
385
S2"
59 ii
727

201
478
125

,891
,913
2,177
2,369
2,838

2,401
2,590
2,842
2,774
3,359

3,784
4,110
4,810
5,946
3,596

5,144 11,538 10,471


11 , 303
4,695
14,643
7,115
16,489
7,884
4,926 . . . . . . . 11,838

3,619
900
3,738 1,476
4,473 1,254
4,820 1,526
3.252 ,! 1,432

1,965
1 , 880
2,404
2,833
1,734

626
532
645
787
543

50

4,174

5,595

8,399 ' : . . . . . . . 18.110

5,062 : 1,532

3,525

466

7,526

3
17
3
I
38
6
17
I
23
2
31
9

7
20
6
14
52
21
15
1
3
2
4
56

65
39
80
71
53
105
1 07
66
63

20
4
15
18
15
6
32
14
18
6
1
9
1
25

36
22
26
38
46
67
60
32
38
22
27
44

13
36
206
307
14
115
1
16
145 i
5 i
2 !
10

85

131
49

9
5
25
130
34
6 i
5

52
146
147

51
16

4
3

2
90

58
153
2
6
38
79
4
56
118

86
83
53

49

4
7
21
6

122
12
13

830

6,568
7,708
7,423

... ...
j
.... .
l!
i ....
"
;|
.

43

Ill

91

89
90

97
119

49

96
110

99
91

26
101
503
7
2
80
13
34
18
36
66
14

'i?39

8 5 3 ' . . . . . . . 1,049
1 111
2,311
1 , 572 . . . . . . . 2,813
2 S 89
1 821

96

119
117

....

1 69

192

176
99 . . .
138
.

100

126 i . . . . . . .
137
. . .

105

1 45 . . .

185
165

139
1 07 . . . . . . .
171
. . .

168

143
169

144

157 . . . . . . .
129 j . . . . . . .

Roads
Eduand
cation bridges

;|

Utilities

Other

194
205
412
524 ;

70
54
58
74
96
117
133
68
79
49
78
173

12
10
16
16
28
18
20
14
6
10
14
32

220
100
352
396
107
214
135
193
275
117
104
100

6
21
15
19
21
29
5
5
23
21
29

124
221
639
181
187
303
14S
269
118
280
212
129

35
9
28
24
45
56
37
49
37
37
26
30

198
199
171
198
343
324
243
217
326
229
242
199

72
41
23
21
34
63
50
38
54
46
54
29

i
"

2
19
2
3
8
18
6
8
17
11
4
72

,
\
'
'!
,

,i
i
"
;
:
!
^
j
1
|
;
"
:

1
';
;
'.

l
"
i|
j
1

37
23
13
19
7
8
7
55
8
9
4

105
25
66
10
15
9
39
119
19

g13

120

15

24
1

4
8

200
300
10
75

--..y

28
10
7
3
2

18
28
29
9
8
68
25
116
5
82
33
4

15
16
55
37
68
32 . . . . . . .
58
15
26
25
6
22
41
46
54
13
5

5
21
26
4
J49
36
42
16
160
17
23
21

31
37
64
67
33
28
25
83
44
31
51
51

"'86'

""'e'
88
504
. . . .
11
4
3

" "so" ""is"


1
2

1
1

1
50

43
45

50
5
. .

50
124

11
5
15
3

3,311
3,667
5,867
6,523
4,884

83
25
43
58
37
75
60
52
110
60
38
46
41
42
42
80
98
109
41
70
54
45
52
75
40
95
58
54
76
66
76
70
67
86
99
50

MONEY RATES AND SECURITIES MARKETS


12.31

NEW ISSUES OF STATE AND LOCAL GOVERNMENT SECURITIES, 1946-70Continued


[In millions of dollars]
All issues (new capital and refunding)
Type of issue

Issues for new capital

Type of issuer

Month
Total

GenReveeral
obliga- nue
tions

Public
Housing
Auth.

U.S.
Govt.
loans

State

248
569
362
184
355
361
207
323
290
229
395
171

121
403
177
8
103
163
11
72
136
46
213
8

180
Jan
206
Feb
Mar
170
Apr
238
434
May, ...
June. . . . 335
364
July
Aug
156
249
Sept
382
Oct
299
Nov
266
Dec

18
12
63
160
78
27
12
28
18
137
118

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

575
304
151
456
406
637
245
212
474
309
230
403

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

Special
district
Other
and
stat.
auth.

2
33
21
2
31

Use of proceeds

Total
amount
delivered
Total
Education

Roads
and
Utilbridges ities

Housing

Veterans'
aid

Other
purposes

90
400
19

49
51
100
64
113
136
71
88
57
107
90
59

125
133
164
175
221
199
192
111
114
171
166
152

247
564
356
180
335
342
207
316
286
229
378
14]

58
19
64
42
116
65
47
52
75
50
86
35

16
46
107'
18
49
22
21
6
62
28
123
13

34
47
46
53
56
52
67
93
29
44
76
24

21
10
39
26
62
35
181
10
73
' 199
28
38

159
178
119
149
212
222
157
134
149
166
134
110

162
204
159
235
429
333
363
156
248
372
287
242

25
47
29
90
98
62
35
41
.51
37
39
28

4
6
15
41
42
102
8
29
55
44
136
100

45
54
64
35
73
60
69
33
61
76
41
30

58
44
2
177
153
75
3
17
2
62
66
61

349
6
13
5
' 66
345
5
21
302
46
9
137

168
254
136
274
188
217
238
174
171
201
155
205

358
300
147
455
392
630244
201
474
303
183
398

100
69
47
84
75
136
81
64
68
99
76
72

13
51
12
119
48
365
24
28
69
37
18
156

134
58
5
45
39
8
72
58 ""73*
63
54
55
202
34
77
1
36
52

392
363
433
349
650
443
522
260
476
483
411
777

44
125
84
51
22
64
96
87
30
62
94
9

157
16
59
111
362
51
154
18
262
196
135
571

191
222
290
187
267
328
272
155
184
225
182
198

389
360
426
329
649
434
519
259
475
453
408
774

98
108
113
72
148
195
149
77
51
115
86
106

32
18
93
66
237
20
207
74
137
156
160
387

64
88
113
54
49
106
84
29
51
55
50
62

137

121

1954 Jan
399
414
Feb
570
Mar
735
Apr
783
May
June .... . 855
280
July
300
Aug
652
Sept
616
Oct
459
Nov
906
Dec

53
76
89
126
401
142
42
34
80
201
239
566

17
62
179
300
14
432
9
41
305
103
I
2

330
276
303
310
368
281
230
225
267
312
219
338

396
411
565
734
748
853
279
261
649
594
423
877

128
138
139
160
154
188
70
79
124
118
62
72

6
67
72
307
385
376
18
54
199
209
182
261

70
97
88
102
50
67
59
63
95
130
58
391

61

50
16
2
15
10

541
1955Jan
328
Feb
540
Mar
429
Apr
May. . . . 350
651
June ....
470
July
259
Aug
407
Sept
926
Oct
661
Nov
415
Dec

65
23
256
35
18
202
59
6
12
442
267
23

130
14
23
119
89
104
125
2
103
189
53
146

347
290
262
275
243
346
286
251
293
295
340
246

535
312
538
427
350
642
470
249
406
919
658
408

171
115
163
134
94
137
99
87
88
88
205
136

25
19
132
23
18
185
81
27
92
509
144
107

67
82
86
59
55
115
59
47
94
64
73
80

1950-=Jan.. . .
Feb
Mar
Apr
May.,..
June ....
July
Aug
Sept
Oct
Nov
Dec
1951

1952

1953

Digitized for FRASER


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

5
74
40
12
16

831

21
3
3
63
11
9

4
65
55

3
It

4
8
171
15
157
10

38

76
22

166
11
10
123

125

121
3
3
126

1
139
1

15

10
60

60
118
3
54 ""22
112
28
125
5

20

8
126

'"'60'

87
98
47
70
215
102
80
53
67
58
71
36
54
130
42
104
116
67
86
53
101
90
53
119
58
46
96
126
91
114
79
79
96
128
112
93
81
94
144
147
145
95
132
63
83
136
120
93
93
93
81
99
182
157
107
83
124
132
176
85

MONEY RATES AND SECURITIES MARKETS


12.31 NEW ISSUES OF STATE AND LOCAL GOVERNMENT SECURITIES, 1946-70Continued
{In millions of dollars]
Alt issues (new capital and refunding)

Type of issuer

Type of issue
Month
Total

General
obligations

Revenue

Issues for new capital

(
Special !
Public , u. s.
district
Other
and
Hous- Govt. ' State i,
ing ; loans !
stat.
auth.
Auth.

Use of proceeds

Total
amount
delivTotal
ered
Education

VeterHous- j arts'
aid
ing

Roads
and
Utilbridges: ilies

Other
purposes

1956= Jan
Feb
Mar
Apr
May ....
June ....
July
Aug
Sept
Get
Nov
Dec. . . . .

407
709
401
391
491
736
379
213
336
646
311
427

.'

!
i
i

2
1
18
16
97
50
1
=>
2
3 '"'35'
19
3
5
5

127
115 " ' 1:9 '
78
104 ""39*
I
109
1
119
102
75
160
81 ""'i'
125
323

8
7
12
13
16
21
11
4
7
3
4
10

264 1
209
137 ;
294
290
105
193
21
232
35
26
188

158
233
33
132
127
146
95
77
115
85
140
29

368
491
328
374
471
313
350
309
312
319
307
220

642
660
928
589
822
707
700
615
427
626
434
556

790
929
495
779
880
563
619
403
646
434
471
433

252
317
191
269
247
191
217
169
203
152
159
250

69
232
91
136
240
42
62
45
129
57
15
47

116
199
129
119
116
97
131
108
108
114
130
46

""fr
3
75
2
1
47
1

20
6

16
24
5
17
3 i
21 !
27
11
8
2

65
163
188
195
39
284
170
187
137
25
105
129

306
256
137
399
147
359
63
80
93
127
58
95

290
464
314
352
387
348
210
253
286
441
288
255

354
564
907
618
904
613
985
538
403
499
606
432

648
859
638
936
571
9S7
443
519
469
593
449
478

172
176
198
274
181
237
175
163
168
164

338
123
140
337
191
319
52
82
82
139
105
77

21
104
3
2
105

20

256

26
98
49
168
25
134
159
59
45
28
37
16

175
50
68
238
28
76
165
6
101
49

157
267
98
247
50
345'
130
308
136
76
71
98

374
344
320
426
433
411
334
227
380
267
333
348

479
635
631
555
732 i
549
935
499
623
589
415
461

701
603
571
719
546
993
491
606
681
344
500
491

220
168
223
305
142
304
160
165
199
176
182
162

31
77
78
136
17
58
68
232
177
8
81
44

225
62
252
273
IS
193
115
134
289
225
103
39

87
231
76
97
209
264
111
163
125
76
402
326

401
398
439
357
416
580
262
309
329
179
288
315

504
711
689
712
764
710
722
722
675
640
706 1,034
965 | 486
522
604
578
734
717 i
679
789
615
610
876

378
234
227
208
287
224
160
281
282
194
150
196

36
96
52
67
33
257
69
55
49
58 i
284 j
112 !

211 ""&'
209
141
157
2
208
70
102
199
93
2
189
103
47
125
39

1959=-Jan
Feb
Mar
Apr
May. ...
June ....
July..,..
Aug
Sept
Get
Nov
Dec

661
883
639
945
574
991
443
520
517
593
452
479

302
492
447
497
371
545
224
394
397
358
375
381

324
264
186
431
94
426
192
115
112
131
74
59

1960=- Jan......
Feb
Mar
Apr
May ....
June ....
July
Aug
Sept
Get
Nov
Dee

706
611
574
724
551
993
492
611
681
349
505
496

452
463
470
457
297
548
341
356
501
267
350
270

245
147
91
241
110
426
136
249
125
73
144
107

1961 =Jan
Feb
Mar
Apr. ....
May
June ....
July
Aug
Sept
Oct
Nov
Dec

712
691
767
727
643
1,036
488
605
743
681
793
680

558
383
612
551
413
628
318
423
570
517
376
375

86
63
295
9
139
119 ""si*
217
394
103 ""si"
112
60
168
ISO
326 ""79"
1
298

98

im

68 ;
20
72 .
202 sl
60
51
66
162
44
123
161
7 'i

571
650
344
628
594
442
428
310
462
334
297
387

49'

273
233
239
243
193
151
161
244
164
302
172
150

790
933
497
800
888
565
638
408
659
440
473
436

20
133

146
128
70
71
141
247
118
24
61
125
78
192

663
565
498
769
531
398
499
569
437
683
637
627

1958- Jan. ..
Feb
Mar
Apr

May ....
June ....
July.....
Aug
Sept
Get
Nov
Dec

43
178
59
68
49
42
63
12 !
40 !
118 !
5
21

406
624
548
533
733
512
428
496
578
401
690
621

to

102

116
150
135
102
155
137
102
72
114
156
112
104

405
388
357
450
339
274
281
394
350
327
356
243

164
;
29 '
110
113
222 ""36"
92
1
155
106
1
117
170
144
1
266
306
;

105

404
696
390
378
490
735
376
199
333
645
311
426

114
88
49
126
40
70
97
87
63
60
141
337

499
427
387
497
439
236
J86
463
260
535
357
308

20
103 i
1 i

325
355
314
264 .......
3^0
344
:
259
164
236
408
265
382

147
89
95
197
157
56
124
103
27
299
143
50

1957- Jan
666
Feb
566
Mar
502
Apr
774
May ....
536
June. . . . 400
July
502
Aug
584
Sept
440
Get
686
Nov
640
Dec
630

Digitized for FRASER


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

57
25
151
203
43 !
45
si | 45
121
20
330
63
59
61
33
!
70 !
22
216 i
34
13
14
31

4
2*
19 i
4
8

<

10
7
14

16

39

9
1
13
5
10
20
14

11
21

4
4
16
6
12
15
16
10
4
15
12

""ise*

a 55

i
!
i

j
i
;
!
.:

-1
i

j
i
i
:
!
i
,
..
3
j
'

;!

832

50
60
69
7
75
56
13

102

9
66
25
13
100

4V

50
33

'"160

,
1
102
59
4

108
103
59
115
121
183
124
Ill
99
73
101
119

1
103

108
207
169
66
161
272
93
86
148
125
101
164 !

64
9
5
55
6
10
52 '
61 i
4
30
80
9

120
32

50

""50
23
135

50

'"'ii'
50

99
30
13
100
170 i

99
132
123
118
130
162
92
87
115
193
108
105

145
128
107
120
98
70
95
87
69
121
176
135
251
110
75
185
178
172
108
81
184
104
120
89
72
357
198
123
69
197
57
95
141
160
92
125

290
151
161
140
131
388
137
94
106
88
137
68
95
131
213
156
153
271

no

100
65 |

121
152
208
174
129

MONEY RATES AND SECURITIES MARKETS


12.31

NEW ISSUES OF STATE ANO LOCAL GOVERNMENT SECURITIES, 1946-70Continued


[In millions of dollars]
Issues for new capital

All issues (new capital and refunding)

Use of proceeds

Type of issuer

Type of issu*
Month

Total
amount
deliv- Total
ered

Public
Housing
Auth.

U.S.
Govt.
loans

State

Special
district
and
stat.
auth.

Other

33
80

218
202
72
67
206
173
34
62
60
150
121
54

347
296
198
266
229
164
179
184
58
236
200
242

320
692
373
561
505
454
437
317
323
280
289
276

706
806
1,131
704
897
841
839
639
559
416
650
544

876
1,133
628
873
912
786
612
544
427
650
578
550

325
387
221
276
348
328
190
127
175
211
213
163

252
265
137
111
31
67
62
33
3
14
97
14

94
157
146
149
234
127
146
151
85
136
150
93

33
87
4
106
58

ii?'

7
7
8
12
12
29
9
6
23
15
12
6

2
117

172
212
120
230
242
163
213
126
128
290
116
163

528
446
649
697
443
423
462
394
333
679
401
401

438
389
215 ' "138"
244
503
623
444
240 " ' l i e '
122
567
310
85

21
20
16
16
15
28
21
14
25
19
43
9

41
100
265
160
168
131
78
187
94
143
185
69

257
347
333
208
424
517
431
287
73
424
208
126

689
407
420
589
368
426
419
290
314
698
362
299

655
850
902
1,008
910
921
1,084
969
712
581
897
1,005

732
746
976
869
866
930
680
708
449
1,051
729
416

311
252
251
371
215
249
247
261
204
232
278
158

98
114
52
70
69
39
67
32
33
102
130
7

178
91
233
226
350
193
157
144
77
338
221
136

2
91
142
I
56
114
26
123
31
9
2
I

143
198
298
202
176
335
183
148
103
371
98
115

1 ,009
858
868
1,293
709
939
943
799
920
852
578
1 ,078

606
669
494
656
473
537
563
267
510
662
376
604

232
180
359
473
216
260
369
520
260
178
195
345

31
8
15
22
20
23
11
12
20
13
7
26

215
214
136
106
141
71
116
13
101
191
106
218

339
210
266
585
169
339
341
534
374
133
126
397

456
434
466
602
399
529
487
252
445
529
346
463

430
867
974
813
1,235
696
948
829
925
717
912
722

947
776
810
1,242
667
903
906
780
892
801
529
948

276
245
245
403
258
362
401
161
207
245
166
424

42
33
262
59
40
43
25
73
50
12
18
30

141
114
3
238
11
140
145
226
8
208
134
183
169
440
248 "'133'
37
240
7
137
107
93

1965 Jan
Feb
Mar....
Apr
May....
June. . . .
July.. . .
Aug
Sept. . . .
Oct
Nov. . . .
Dec

848
966
1,036
994
987
1,065
1 ,040
733
1,008
844
1,043
764

606
666
546
687
506
570
776
373
770
477
836
365

235
288
363
'ii6
291
347 ' "126"
48V
247
224 " 132*
224
343
190
283 ' "9*6'

7
11
12
16
8
14
17
4
14
24
17
25

182
191
84
295
180
192
400
38
337
193
241
67

247
290
408
211
370
422
260
271
280
320
270
367

419
484
544
422
436
451
379
425
390
332
531
330

964
755
1,019
991
939
1,119
995
1,004
761
965
926
1,100

803
872
904
826
924
972
986
648
966
794
1,021
754

378
308
394
288
392
453
215
191
203
197
383
216

38
20
28
120
70
62
26
51
194
79
74
137

167
277
152
84
125
198
170
113
116
109
289
164

127
17
133
13
2
139
3
87
13
91

1966 Jan
Feb
Mar. . . .
Apr
May. . . .
June... .
July. .. .
Aug. . . .
Sept
Oct
Nov. . . .
Dec

1,219
867
879
1,211
906
1,143
699
775
1,031
751
971
908

889
614
554
815
507
587
406
453
440
539
598
384

304
240
201
350
378
395
273
287
453
178
362
513

25
13
28
46
21
51
20
35
18
34
12
11

471
190
151
454
118
275
174
134
71
208
228
100

286
172
312
366
319
429
244
275
581
256
337
548

462
505
416
392
469
439
281
366
380
287
406
261

1,184
858
869
1 , 194
905
1 ,141
698
773
1 ,018
747
965
855

388
208
380
330
251
624
226
279
217
299
379
269

231
68
25
105
134

152
137
160
141
280
200
73
103
222
' 99
225
85

99
2
2
124
8
6
124
9
40
131

1967 Jan
Feb
Mar... .
Apr
May....
June
July . . . .
Aug
Sept. . . .
Oct
Nov... .
Dec

1 ,487
1,231
1,455
1,130
1,247
1,497
950
860
1,334
974
1 ,425
1,060

943
933
841
848
760
860
665
588
560
684
766
457

518
289
460
256
457
492
246
254
648
257
617
443

27
10
37
26
30
29
39
18
21
32
43
22

397
257
231
182
315
138
186
195
246
207
335
153

331
309
548
245
298
682
260
235
588
257
549
478

759
665
676
703
634
677
504
430
500
510
541
429

1,482
1,194
1,439
1,111
1,222
1,497
943
858
1,324
974
1,424
1,060

408
466
427
460
487
597
314
211
328
269
224
267

219
133
123
59
116
26
36
142
184
130
43
42

Total

General
obligations

Revenue

1962Jan
Feb
Mar. . . .
Apr
May . . . .
June
July....
Aug. . . .
Sep....
Oct
Nov. . . .
Dec

886
1,190
644
894
940
790
650
563
440
666
610
572

499
804
394
602
670
556
404
251
343
378
403
277

347
299
241
179
258
205
237
200
74
273
194
173

1963 Jan
Feb
Mar. . . .
Apr
May....
June. . . .
July . . . .
Aug . . . .
Sept
Oct
Nov....
Dec

987
855
1,018
957
961
1,074
928
764
480
1,265
754
495

1964 Jan
Feb
Mar, . . .
Apr
May....
June
July. . . .
Aug . . . .
Sept
Oct
Nov....
Dec

Digitized for FRASER


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

" ioi"
' "ioe

140

i
" 'i4i'
"\2Q

130
104

96

no
" 'lib'

117
117

" 'ios
"J38"

833

Education

Roads
and
bridges

142
32
218
12
108
280

Utilities

Housing

Veterans'
aid

25

100
106
7

60
30

'"'30'

i'

1
163
117
339 " J26'
10
213
H
102
148
228
7
192
52
211
110
250
18
139
319
9
46
125

50

Other
purposes

313
226
153
408
151
181
311
105
254
268
201
264
220
266
203
317
204
246
522
155
451
322
260
145
413
444
205
617
237
192
249
353
238
328
212
91
691
478
423
369
506
498
394
242
453
417
830
480

MONEY RATES AND SECURITIES MARKETS


12.31

NEW ISSUES OF STATE AND LOCAL GOVERNMENT SECURITIES, 1946-70Continued


[In millions of dollars]
Issues for new capital

All issues (new capital and refunding)


Type of issue

Month

Total
amount
delivTotal
ered

Use of proceeds

U.S.
Govt.
loans

State

Special
district
and
stat.
auth.

Other

306
452
652 ' " 1 44
502
144
251 |
669
637
755
129
419
773
111
320
781

29
14
15
18
61
32
20
23
22
20
6
22

450
152
110
80
222
87
257
264
292
617
223
20

300
386
518
581
314
547
597
792
353
819
324
415

427
618
111
657
609
764
615
643
801
791
473
706

1,138
1,156
1,394
,314
,140
,396
,466
,688
,435
. 2,227
997
1,138

429
478
373
299
402
374
396
488
409
732
271
169

206
109
9
128
52
185
114
126
152
374
46

174
128
132
324
204
259
282
412
200
407
115
196

942
460
326
1,007
637
517
826
583
361
898
489
679

309
378 '"[43"
201
785
273
177
181
261
213
49
106
357
33
358
134

11
11
9
23
39
10
12
43 i
24 I
5
3

546
144
110
539
266
97
405
228
100
482
102
340

285
477
149
738
340
155
245
255
130
270
360
192

432
366
279
525
504
486
446
325
329
526
422
286

1,260
984
537
1,799
1,096
727
1,097
803
559
1,275
8S5
| 816

362
245
261
365
323
237
283
209
161
379
216
211

165
222
96
36
109
45
169
15S
6 I
40
168
221

169
171
71
302
118
141
105
82
75
265
138
97

838
901
1,088
1,217
674
651
1,055
873
1,207
1,184
892
1,270

495
302
459
416
315
423
288
481
541
695
753
914

7
12
8
15
7
12
4
5
9
13
5
6

311
346
434
303
254
165
388
331
534
290
247
571

529
500
604
264
391
73!
345 1,001
433
311
543
379
229
730
509
518
688
536 !
531 ; 1,102
736
765
793
826

1,329
1,209
1,549
1,647
987
1,085
1,348
1,358
1,756
1 ,923
1,743
2, 1 76

319
406
395
473
298
528
268
404
491
S32
523
425

91
59
208
16?
30
61
130
136
137
123
63
327

305
238
22H
292
367
147
142
196
243
380
3f>4
623

Total

General
obligations

1968Jan. ...
Feb. . .
Mar...
Apr. . .
May . .
June . .
July...
Aug. . .
Sept. . .
Oct. . .
Nov. . .
Dec,..

1,178
1,155
1 , 404
1,318
1,143
1,395
1,469
1,699
1,444
2,230
1,021
1,140

843
689
593
798
686
694
813
791
1,003
1,437
585
337

1969Jan....
Feb. . .
Mar...
Apr...
May . .
June. .
July...
Aug. . .
Sept...
Oct. . . .
Nov...
Dec.. .

1,262
987
538
1,801
1,110
737
1,097
808
559
1 , 280
886
816

1970Jan....
Feb. . .
Mar...
Apr. . .
May. .
June . .
July...
AUK
Sept...
Oct....
Nov...
Dec.. .

1 , 340
1,214
1,555
1,647
996
1,085
1 , 348
1 359
1,758
1,924
1,748
2,190

Digitized for FRASER


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

Type of issuer

Revenue

Public
Housing
Auth.

32
99

834

Roads
Eduand
cation bridges

Utilities

Hoi sint;

Veterans'
aid

7
MO
1U
U'l
8

;;;;;;;

1M
3
28
121
2)

:::::::
::":"
.......

329
434
690
451
321
570
670
529
671
686
465
707
561
202
107
1,0*0

14S
}
5
I'M

1^

303
533
353
245
523
318
289

(*
r
j
TO

47

6
14
85
12
11
8
4
4
21
68
112
121

Other
purposes

.......
1
::/:'!
....... .'
:::::::

608
492
633
703
281
342
803
617
864
821
683
681

MONEY RATES AND SECURITIES MARKETS


12.32

NET CHANGE IN OUTSTANDING CORPORATE SECURITIES


A.

BY ALL ISSUERS, 1934-70


[In millions of dollarsJ
Derivation of change
Bonds and notes

All securities

Period
New
issues

Retirements

Net
change

New
issues

Retirements

Common and preferred stocks


Net
change

New
issues

Retirements

Net
change

1934

393

653

370

620

-250

23

33

-10

1935
1936
1937
1938
1939

2,327
4,495
2,275
2,179
2,122

2,670
3,869
2,323
1,630
2,681

-343
626
-48
549
-559

2,224
3,994
1,623
2,082
1,929

2,424
3,419
2,075
1,504
2,550

-200
575
-452
578
-621

103
501
652
97
[93

246
450
248
126
131

-143
51
404
-29
62

2,751
2,743
1,082
1,215
3,231

3,024
2,767
1,418
2,015
3,747

-273
-24
-336
-800
-516

2,472
2,391
928
990
2,670

2,814
2,516
1,317
1,757
3,322

-342
-125
-389
-767
-653

279
352
154
225
561

210
251
101
258
425

69
101
53
-33
136

6,145
6,796
6,600
7,273
6,353

6,718
4,570
2,409
1,455
1,761

-573
2,226
4,191
5,818
4,592

4,908
4,702
5,008
5,936
4,867

5,946
3,588
2,003
1,212
1,582

-1,038
1,114
3,005
4,725
3,285

1,236
2,093
1,592
1,336
1,486

772
983
406
243
179

464
1,111
1,186
1,093
1,307

...

6,692
8,279
9,929
8,867
10,831

3,223
2,394
2,547
2,179
5,229

3,469
5,886
7,383
6,688
5,602

4,804
5,682
7,344
6,651
7,832

2,800
2,099
2,402
1,894
4,033

2,004
3,583
4,942
4,757
3,799

1,888
2,598
2,586
2,216
2,999

423
295
145
284
1,196

1,465
2,303
2,441
1,932
1,802

. ..

11,190
11,734
12,920
12,731
10,500

5,108
4,576
3,180
4,754
4,051

6,081
7,158
9,739
7,977
6,448

7,571
7,814
9,611
9,661
7,122

3,383
3,203
2,584
3,811
3,049

4,188
4,611
7,026
5,850
4,073

3,619
3,920
3,309
3,070
3,378

1,725
1,373
596
943
1,002

1,893
2,548
2,713
2,127
2,376

10,797
13,648
10,868
12,503
14,463

4,107
5,828
5,317
7,175
6,395

6,690
7,819
5,552
5,328
8,068

8,072
9,194
8,613
10,556
10,715

3,078
4,024
3,749
4,979
4,077

4,994
5,170
4,864
5,577
6,637

2,725
4,454
2,255
1,948
3,748

1,029
1,804
1,567
2,197
2,317

1,696
2,650
688
-249
1,431

15,952
19,799
25,964
25,439
28,841

7,891
7,541
7,735
12,377
10,813

8,061
12,258
18,229
13,062
18,027

12,747
15,629
21,299
19,381
19,523

4,649
4,542
5,340
5,418
5,767

8,098
11,088
15,960
13,962
13,755

3,205
4,169
4,664
6,057
9,318

3,242
3,000
2,397
6,959
5,045

-37
1,169
2,267
-900
4,272

38,707

..

1940
1941 . .
1942
1943
1944. . .

...

1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959

..

I960
1961
1962
1963
1964

1965
1966
1967
1968
1969

-260

9,079

29,628

29,495

6,667

22,825

9,213

2,411

6,801

19481
II
111
IV
I949__l
11.
HI
IV

1,904
1,897
1,373
2,099

391
399
329
336

1,514
1,498
1,044
1,763

,482
,463
,150
,841

311
337
298
266

1,171
1,126
852
1,575

422
433
223
258

80
62
31
70

342
371
192
188

1.289
2,511
1,150
1,403

288
371
409
693

1,000
2,140
741
710

,071
,997
829
970

271
322
358
630

800
1,675
471
340

218
514
321
433

17
49
51
62

201
466
270
371

19501
H
Ill
IV

1,485
2,338
1,203
1,666

711
1,054
868
590

774
1,284
335
1,076

,056
,587
933
,228

641
913
750
496

415
674
183
732

429
751
271
437

70
142
118
93

359
609
153
344

19511.
11
ill
IV

1,941
2,517
1,568
2,252

656
742
542
455

1,286
1,776
1,027
1,798

,465
,702
,065
,450

586
633
478
402

879
1,069
587
1,047

476
816
503
802

70
109
64
52

407
707
439
750

19521.
11
III
IV

2,156
2,858
2,259
2,657

474
577
694
802

1,682
2,281
1,565
1,855

1,544
2,127
1,793
1,879

457
544
640
761

1,087
1,583
1,152
1,119

612
731
466
777

17
33
53
41

594
698
413
736

19531 .
II
Ill
IV

2,124
2,738
1,707
2,298

563
556
477
582

1,562
2,182
1,229
1,716

1,488
2,065
1,313
1,785

491
478
419
506

997
1,587
894
1,279

636
673
394
513

72
78
59
76

564
595
335
437

2,516
2,682
2,824
2,810

919
1,175
1,298
1,837

1,597
1,507
1,526
972

1,600
1,868
2,302
2,062

773
883
993
1,384

827
985
1,309
679

916
814
522
747

146
292
305
454

770
522
217
294

1970

1954-=!
11
III
IV

. .

For NOTE see last page of Part B.

Digitized for FRASER


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

835

MONEY RATES AND SECURITIES MARKETS


12.32

NET CHANGE IN OUTSTANDING CORPORATE SECURITIESContinued


A.

BY ALL ISSUERS, 1934 70Continued


[In millions of dollars]
Derivation of change

All securities

Period

Bonds and notes

Retirements

New
issues

Net
change

New
issues

Retirements

91S
834
756
1,111

457
564
432
272

;
!

812
931
752
707

}
I
t
'

896
1,193
1,407
1,114

868
857
855
1,340

255
549
241
32

654 ,
699 i]
607
624

1,694
1,617
1,945
1,771

947
t.085
588
689

148
148
160
140

2,140
1,059
1,248
1,403

439
1,070
714
847

179
179
222
363

827
942
934
1,370

865
1,045
579
888

282
245
265
211

719 f
744 j
859 f
756

877
1,080
1,230
1,806

677
794
678
576

271
247
217
294

666
2,131
796
1,577

1,039
1,588
756
1,071

331
305
287
882

776 1
879 j
1 ,094 J
1,000

868
1,796
707
1,494

622
716
472
445

402
492
367
307

2,096
3,078
2,159
3,222

1,087
1,540 ,i
t , 230
1,121 I

1,009
1,538
929
2,101

370
534
449
594

362
508
364
962

1,959
2 , 896
1,530
1,683

2,197
2,987
2,297
3,233

914
940
1,033
1,191

,
1

1,283
2 , 046
1,265
2,043

1,185
1,235
704
625
i

1,593
2,014
2,093
2,190

1,289
3,075
1,847
1,849

2,272
4,007
3,207
3,261

987
1,252
1,232
1,178

'

1,285
2,755
1,975
2,084

2,577
2,981
3,015
3,161

1957-1
11
III
IV
1958-1
11
III.
IV

1,678
1,750
1,838
2,305

,067
,480
993
1,035

1,510
1,500
2,021
2,127

1,709
2,124
2,160
1,821

3,295
3,401
3,140
3,084

802
847
767
764

2,494
2,554
2,372
2,320

2,348
2,316
2,552
2,394

3,239
3,486
2,975
3,031

839
,536
1 , 236
1,143

2,400
1,950
1,739
1,887

2,800
2,416
2,262
2,184

660
1,357
1,014
781

2,410
2,882
2,240
2,968

999
1,139
992
920

1,410
1,742
1,249
2,048

1,544
1,837
1,661
2,080

718
895
726
710

I960 -I
11,
I I I . . . . . . . .. .
IV

2,273
2,618
2,768
3,138

990
991
1,076
1,050

1,283
1,627
1,692
2,088

1,596
1,824
2,089
2,562

1961- I
11
111.
IV

2,476
4 , 890
2,754
3,528

1,102
1,477
1,488
,761

1,374
3,414
1,266
1,767

1,437
3,303
1,997
2,457

771
1,172
1,201
880

1962-1
11
111
IV

2,266
3,390
2,273
2,938

1,178
1,371
,461
,307

1 ,088
2,019
812
1,632

1,644
2,675
1,801
2,494

1963

1
11
HI,
IV

2,466
3,612
2,608
3,816

,450
2,048
,594
2,083

1,017
1,733
1,014
1,733

1964

I.
II.
Ill
IV

3,382
4,222
3,001
3,858

1 ,424
,326
,471
2,175

2,883
5 , 090
3,940
4,039

1959

1965

...

. . .

I
H
III
IV . . . . .

I
11
Ill
IV

. . .

. ...
. . .

1966- -1
II
Ill
IV

. . .

5,578
6 , 000
4,263
3 , 958

2,487
1,684
1,266
2,104

3,091
4,316
2,997
1,854

4,568
3,993
3,732
3,336

1,335
1,153
943
1,111

1967- i
11
Ill
IV

.....

5,510
6,019
7,480
6,955

1,752
,898
,969
2,116

3,758
4,121
5,511
4,839

4,724
4,978
6,248
5,349

1,202
1,318
1 ,394
1,426

1968

I...........
11.
Ill
IV

5,228
6 , 549
6,152
7,510

2,198
2 , 880
3,163
4,136

3,030
3,669
2,989
3,374

3,997
5,124
4,732
5,528

1,286
1,308
1,249
1,575

1969

1
H.
HI
IV

7,133
7,728
6,507
7,473

3,456
3,268
1,980
2,109

3,677
4,460
4,526
5,364

4,949
5,365
4,499
4,710

1,272
1,504
1,382
1,609

7,272
10,114
9,385
11,936

2,185
2,227
2,089
2,577

5,086
7,886
1,297
9,359

4,987
7,876
7,598
9,034

1,507
1,547
1,546
2,069

1970

.. .

1
11
Ill
IV

For NOTE see last page of Part B,

Digitized for FRASER


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

Retirements

903
916
899
1,469

1,364
1 , 185
1,223
2,308

1956-1
j|
III
IV.

New
issues

,232
,399
,370
,108

K.
.. .
11.. .
III.. ,
IV

Net
change

775
834
938
836

2,596
2,584
2,593
3,416

1955

(
j

Common and preferred stocks

836

'
J

!i

'
;
j

!
|i

Net
change

;
J

j
j

461
269
324
839
613
308
614
1,012

799
937
428
549

i
j

260
891
491
4B4

<
,
j

584
800
314
678

<

406
547
462
282
708
1,283
469
190

i
j
!

221
223
106
138
H
26
85
-368
675
850
265
-360

611
i
1,083
733
778

510
385
438
984 !
i
606
762 .
861
1,012

3,233
2,841
2,789
2,225

1 ,010
2,006
531
622

1,152
532
323
993

-142
1,475
207
371

3,522
3 , 660
4,854
3,924

786
1,041
1 , 232
1,605

550
58 1
576
690

235
46 1
656
9 15

2.7H
3,816
3,482
3,953

1 , 230
1,424
1,421
1,982

9)2
1,572
1,914
2,561

319
-14?
-493
-579

3,676
3,861
3,117
3,101

2,184
2,363
2,00B
2,763

2 183
I , 764
598
500

599
1,410
2,263

3,480
6,330
6,051
6,964

2,285
2,238
1 , 788
2,902

679
682
542
508

1 , 606
1,556
1,245
2,394

4
321
-128
-235

MONEY RATES AND SECURITIES MARKETS


12.32

NET CHANGE IN OUTSTANDING CORPORATE SECURITIESContinued


B.

Manufacturing

BY TYPE OF ISSUER, 1948=70


[In millions of dollars]

Commercial
and other

Transportation

Public utility

Communication

Real estate
and financial

Period
Bonds
& notes

Stocks

Bonds
& notes

Stoeks

Bonds
& notes

Stocks

Bonds
& notes

Stocks

Bonds
& notes

Stocks

Bonds
& notes

Stocks

1948
1949

1,518
676

345
135

230
186

6
-23

363
438

-10
-5

1,555
1,232

302
755

678
324

358
351

381
430

93
95

1950
1951
1952
1953
1954

96
1,695
2,641
1,166
1,420

97
648
525
61
-145

235
225
150
216
367

41
42
105
34

302
-10
284
68
107

-3
27
-20
-50

1,029
1,399
1,483
1,639
1,768

699
754
845
1,069
794

-33
112
147
426
-126

454
666
817
622
982

375
162
236
1,242
264

177
196
122
165
220

1955
1956
1957
1958
1959

745
1,606
1,779
2,197
316

282
455
1,407
-46
442

281
171
142
406
217

-31
-164
29
11
162

415
-8
289
413
332

-260
-31
-93
2

1 ,144
1,337
2,585
2,133
1,738

849
796
815
1,027
1,028

432
375
1,236
494
475

879
1,196
189
1,070
445

I , 170
1,131
995
206
994

175
297
272
158
298

1960. . . .
1961
1962
1963.
1964

399
2,012
1,355
1,804
1,303

462
415
-242
-664
-516

261
516
294
339
507

-46
-447
-201
-352
-483

173
71
-85
316
317

-42
_7
-25
= 19
-30

1,689
1,648
1,295
876
1 ,408

635
704
479
245
476

901
149
1,172
438
458

356
1,457
357
447
1,699

1,572
775
833
1,806
2,644

331
528
319
94
285

1965
1966
1967
1968
1969

2,606
4,324
7,237
4,418
3,747

-570
32
832
-1,842
69

614
616
1,104
2,242
1,075

=70
-598
282
821
1,558

185
956
1,158
987
946

-t
718
165
-149
186

1,342
2,659
3,444
3,669
4,464

96
533
652
892
1,353

644
1.668
1,716
1 , 579
1,834

518
575
467
120
241

2,707
864
1,302
1 , 069
1,687

-10
-90
-130
-741
866

1970

6,641

870

853

1,778

1,104

36

6,861

2,917

4,806

94

2,564

1,107

19481
11
Ill
IV

324
316
330
548

190
70
45
40

97
31
56
45

2
22
2
-20

68
115
51
128

-3
-5

390
400
248
518

28
120
50
105

80
208
112
278

123
101
69
65

213
56
55
57

2
64
27

19491
11
111
IV

235
385
180
-124

52
97
-8
-7

43
29
59
55

9
-4
-4
-23

123
103
92
121

316
583
143
191

64
298
126
267

27
419
-62
-61

48
37
140
125

56
157
60
158

26
39
15
15

19501
11
HI
IV

-74
-14
-33
217

-11
118
-20
10

21
20
85
109

1
-12
21
31

104
113
80
5

182
467
86
294

220
273
5
201

135
-14
-118
-36

126
127
121 |
80

48
103
82
143

25
105
27
20

19511
11
III
IV

165
741
232
557

112
168
125
243

71
86
6
62

13
13'
-11
28

-53
-63
43
62

5
-8
3

314
372
343
370

126
248
87
293

339
-109
-93
-25

136
194
200
136

43
42
56
21

15
92
34
55

21
56
12
17

61
215
32
-25

6
26
-12
7

432
464
217
369

179
326
203
137

-91
-8
422
-176

132
(46
156
382

6
113
25
92

21
34
23
43

-3
1
-7
-13

343
488
335
473

289
363
161
256

-112
-46
36
548

209
146
147
120

237
574
364
67

46
50
20
49

""-B"
-3
-40

660
582
332
194

192
340
113
149

-320
-41
260
-25

521
163
138
161

50
50
34
131

-11
198

161
91
106
522

395
192
425
158

-70
109
46
89

19521

-2"
2

-_
I

a
ill

235

no

IV

656
779
412
795

31
149

22
21
43
64

1953 1
H
Ill
IV

446
497
160
62

24
24
-7
19

73
33
22
88

-1
10
20
5

12
40
-24
41

19541
. 11.
Ill
IV

404
244
478
295

-14
40
-39
-132

58
70
53
187

38
-13
18
-42

-24
81
154
-103

19551
11
Ill
IV

230
217
65
233

198
52
44
-12

66
74
41
99

40
-81
-18
28

9
96
182
129

-48
-163
-43
-6

254
305
146
439

180
262
188
219

-53
32
41
413

19561
jl
111
IV

238
448
368
552

105
112
94
145

12
14
154
-9

26
-136
13
-66

-46
-88

5
-28
13
-22

196
573
335
233

209
162
186
238

26
12
210
126

177
125
267
627

470
233
340
87

91
74
41
91

19571
11
Ill
IV

656
294
458
371

440
507
166
294

14
13
59
56

30
15
2
-16

-12
24
-5
-6

603
600
793
590

261
343
58
154

128
500
173
435

42
15
78 '
54

224
152
432
187

39
34
129
70

' ' 126"


69
57
30
133

For Note see next page.

Digitized for FRASER


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

837

33

MONEY RATES AND SECURITIES MARKETS


12.32

NET CHANGE IN OUTSTANDING CORPORATE SECURITIESContinued


B.

BY TYPE OF ISSUER, 1948-70Continued


[In millions of dollars]

Commercial
and other

Manufacturing

Transports tion

Communication

Public utility

Real esuttc
anJ financial

Period
Bonds
& notes

Bonds
e tn -w
& notes ! Stocks .
I

Bonds
& notes

Stocks

Bonds
& notes

c.--i.B
StOLks

Bonds
& notes

Stocks

Stocks

Bonds
& tunes

uv .i,
hUKks

217
822
694
463

-29
-34
-24
41

-13
8
352
59

-7
= 16
6
29

82
98
18
215

-25
4
^
-69

721
664
398
350

274
193
284
276

857
-511
-16
165

8
712
223
127

27.S
21
= 19*
LSI

39
33
6
80

2
201
100
13

134
174
42
92

47
96
27
48

18
47
41
55

118
32
127
54

2
18

388
557
253
540

234
375
87
332

37
-25
61
402

122
124
90
109

235
80
366
313

73
62
54
109

-110
132
37
341

85
86
209
81

147
41
24
49

2
52
= 55
-46

24
64
29
55

-8
-24

218
541
466
464

182
152
153
149

143
H3
226
418

90
79
101
86

455
189
448
479

55
178
62
37

124
960
586
343

97
152
70
95

27
164 .
48
278

-84
63
70
-496

17
58
=26
21

-17
11
1
2

95
670
269
614

IBS
214
152
153

99
101

....

-no
119

490
727
90
150

305
178
89
203

38
115
86
290

19621....... . .
11
HI
IV

ISO
556
265
353

49
-146
-143
-2

75
131

"
*

= 121
-27

=60
-25
-33
33

= 14
-9

197
694
95
309

50
233
135
62

434
188
244
307

85
86
97
89

42
252
130
409

160
79
42
38

1 9631
11.
Ill
IV

391
46()
378
574

-101
=234
-54
-275

58
177
17
87

-3
=28
27
-15

190
250
148
288

25
165
8
47

(97
99
82
61

87
99
131
129

73
422
399
912

(3
37
-11
53

1964 - 1
11,
Ill
IV

92
291
232
689

-253
-65
28
-226

65
84
93
265

156
606
290
356

70
156
149
101

234
229
42
-47

811
681
92
115

600
775
569
693

38
68
78
101

19651
11
111
IV

554
814
625
612

256
138
=210
-243

5
234
223

9
-28
21
=3

281
293
554
215

97
116
72
-189

64
201
255
124

100
130
149
130

351
1 , 1 56
282
918

60
~9
- 141
80

19661
II
111
.IV

1 . 440
950
1,198
736

543
657
58
=140

169
232
143
72

756
679
469
755

06 :

249
549
405
465

168
157
103
14?

270
264
356
-26

-10
-33
-60
13

1967- -I
11
HI
IV

1,489
1,858
2,253
1 , 637

52
107
403
270

130
153
422
399

90
117
168
277

511
320
594
291

97
158
92
120

379
41
345
537

-17
-19
-80
-14

1968

295
524
491
269

3!
33
6
50

109
288
181
491

1969-1
11
Ill
IV

991 i
-60
1,550
=127
1,210 1 =484
667 |=1,171
f
1,458 j -372
936
-386
1,087
343
266
484

405
312
566
551

45
78
31
H7

239
560
329
550

-337
178
420
605

1970- 1
11
Ill
IV

1,084
1,334
2,169
2,054

546
2,134
991
1,135

27
10
6
51

204
504
691
1,165

289
361
139
318

19581
II
III
IV
19591
II
HI
IV

....

19601
II

in

IV

1961- 1
II
III
IV

1
H
Ill
IV

'

463
-6
39
374

83

-40
i
.
'"
'
1
'
i
i
:;

5
-36
-19
-10

"

49
-=72
-22
-553

163 ;
i

191
375
'
716 !
960 J
1
360 i
433 ,
101 ,
181 ,

-160
343
263
407

,
'
!'
;.

131
-95 \
180 |
131
59
38
88

'

39
57

37

rt
!

52

348166

l!

1
>
1'

218
224

28
648
16
26

372
198
374
214

19
47
45
54

170
260
300
257

i;
\
"

-26
10
-62
-71

956
818
585
1,310

539
175
136
97

75
49
21
41

674
1,445
898
1,447

591
64
21
428

17
=24
= 15
58

1,214
1,953
1,917
1,777

112
371
-123
461

259
445
274
580

NortFigures for investment companies are excluded throughout.

Digitized for FRASER


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

-6
31
=47
-7

-6
52
29
207

415
633
326
404

-9

too

-15
-14
= 17
= 307
16
21
-34
-444

-!9

838

,
".

642
1,089
867
846

166
119
112

,
"

'

309
244
187
152
331
235
320
467
395
583
750
1,189

-46

-67;
-17
-I

12.33

MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-70


[In millions of dollars]
Securities

Loans
End of period

Mort-

Other

U.S.
Govt.

State
and
local
govt.

Corporate
and
other

4,202
4,451
4,856
5,583
6,479

62
75
94
106
106

10,650
11,745
11,984
11,509
11,444

1,199
1,373
1,696
2,183
2,368

1950....
1951....
1952....
1953....
1954... .

8,039
9,747
11,231
12,792
14,845

127
129
144
165
188

10,877
9,827
9,443
9,191
8,755

2,356
140
335
428
608

1955.
1956.
1957.
1958.
1959.

17,279
19,559
20,971
23,038
24,769

211
248
253
320
358

8,463
7,982
7,583
7,270
6,871

1960...
1961...
1962...
1963...
1964...

26,702
28,902
32,056
36,007
40,328

416
475
602
607
739

1965
1966
1967
1968
1969

44,433
47,193
50,311
53,286
55,822

1970.

57,775

1945...
1946...
1947...
1948...
1949...

16,962
18,662
19,724
20,482
21,503

15,332
16,813
17,759
18,400
19,287

48
61
71
80
94

1,582
1,788
1,894
2,002
2,121

2,490
2,925
3,31!
3,548

792
883
917
983
1,026

255
288
304
330
380

22,446
23,504
25,301
27,199
29,350

20,025
20,900
22,610
24,388
26,351

137
153
164
203
261

2,283
2,450
2,527
2,608
2,738

646
676
685
729
721

3,364
3,548
4,344
4,971
4,845

966
920
889
921
829

416
448
490
535
552

31,346
33,381
35,215
37,784
38,945

28,182
30,026
31,684
34,031
34,977

310
369
427
526
606

2,854
2,986
3,105
3,227
3,362

6,243
6,160
6,107
5,863
5,791

672
677
527
440
391

076
040
5,177
074
099

874
937
956
912
1,004

589
640
695
799
886

40,571
42,829
46,121
49,702
54,238

36,343
38,277
41,336
44,606
48,849

678
781
828
943
989

3,550
3,771
3,957
4,153
4,400

862
1,078
1,203
1,407
1,839

5,485
4,764
4,319
3,834
3,222

320
251
219
194
193

5,170
5,719
8,183
10,180
10,904

1,017
953
993
996
919

944
1,024
1,138
1,256
1,307

48,232
60,982
66,365
71,152
74,206

52,443
55,006
60,121
64,507
67,086

1,124
1,114
1,260
1,372
1,585

4,665
4,863
4,984
5,273
5,535

2,255

3,151

197

12,876

1,270

1,471

78,995

71,580

1,690

5,726

,387
,377
,402
,426
,441
,490
,533
,572
,614
,643
,659
,696

71

1,894

82
83
87
93
96
94

11,855
11,945
11,978
11,974
12,029
12,124
12,177
12,211
12,177
12,198
12,086
11,984

1948Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

4,893
4,914
4,955
5,009
5,057
5,134
5,203
5,274
5,320
5,422
5,491
5,583

87
90
97
95
108
105
97
97
106
100
111
106

12,019
12,026
12,075
12,064
11,997
11,992
12,011
11,927
11,763
11,667
11,543
11,509

,747
,802
,872
,912
,942
,979
2,002
2,032
2,085
2,096

1949Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

5,638
5,694
5,753
5,816
5,875
5,950
6,012
6,084
6,174
6,273
6,368
6,479

101
101
103
100
112
106
98
99
106
103
116
106

1950Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

6,571
6,665
6,776
6,869
6,972
7,093
7,219
7,366
7,520
7,698
7,847
8,039
8,175
8,283
8,428
8,585
8,761
8,914

Digitized for FRASER


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

General
Other
reserve
liabilities accounts

243
203
213
223
233

4,458
4,478
4,481
4,503
4,534
4,606
4,646
4,677
4,709
4,761
4,794
4,856

.'

Other
assets

606
815
881
877
872

1947Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1951Jan
Feb
Mar
Apr
May
June

Cash

Total
assets
Total
liabilities Deposits
& general
reserve
accounts

838
764
724
779
669
681
881

206
226
243
247
256
272
213

19,353
19,428
19,511
19,612
19,620
19,587
19,724

16,867
16,937
17,025
17,085
17,137
17,415
17,462
17,525
17,607
17,646
17,585
17,759

2,121
2,183

849
850
798
743
760
832
726
738
882
841
798
877

229
242
245
257
273
221
233
243
248
261
271
223

19,824
19,925
20,043
20,080
20,137
20,263
20,273
20,311
20,404
20,388
20,335
20,482

17,854
17,931
18,008
18,051
18,088
18,209
18,205
18,227
18,272
18,283
18,210
18,400

71
83
110
104
116
95
106
112
147
109
130
80

1,899
1,911
1,926
1,924
1,933
1,958
1,963
1,973
1,985
1,995
1,995
2,002

11,620
11,627
11,684
11,685
11,662
11,659
11,645
11,633
11,590
11,521
11,408
11,444

2,221
2,248
2,244
2,314
2,339
2,367
2,411
2,402
2,412
2,409
2,398
2,368

796
790
812
730
732
799
765
776
785
780
756
872

238
252
253
273
289
231
246
262
266
291
316
233

20,613
20,711
20,849
20,918
21,008
21,112
21,177
21,255
21,333
21,377
21,362
21,503

18,515
18,581
18,690
18,745
18,803
18,948
18,988
19,025
19,082
19,119
19,065
19,287

94
115
126
136
155
101
122
148
156
151
169
94

2,004
2,015
2,033
2,038
2,049
2,063
2,067
2,083
2,096
2,108
2,128
2,121

99
99
104
103
131
118
129
134
126
142
172
127

11,528
11,517
11,565
11,584
11,581
11,573
11,491
11,390
11,217
11,095
10,953
10,877

2,387
2,439
2,443
2,448
2,447
2,434
2,434
2,400
2,384
2,365
2,331
2,356

829
845
857
805
774
831
755
727
794
734
721
792

252
269
261
281
294
245
246
257
288
296
292
255

21,667
21,834
22,006
22,092
22,200
22,293
22,274
22,275
22,330
22,329
22,317
22,446

19,428
19,523
19,670
19,740
19,807
19,939
19,895
19,856
19,884
19,896
19,843
20,025

114
134
150
167
196
144
163
191
201
188
219
137

2,125
2,176
2,185
2,184
2,197
2,210
2,216
2,229
2,244
2,245
2,254
2,283

117
121
130
129
149
128

10,858
10,748
10,490
10,390
10,307
10,222

2,355
2,370
2,388
2,438
2,458
2,499

707
713
874
840
793
851

278
296
295
299
314
279

22,491
22,531
22,605
22,680
22,781
22,892

20,048
20,049
20,105
20,162
20,334
20,400

153
182
187
207
232
169

2,291
2,300
2,313
2,311
2,315
2,323

839

82
1,855
1,966
1,986

2,005
1,974

2,002

MONEY RATES AND SECURITIES MARKETS


12.33

MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-70Continued


[In millions of dollars]
Loans

End of month

Securities

Mortgage

Other

U.S.
Govt.

9,059
9,208
9,321
9,459
9,592
9,747

129
126
126
133
154
129

10,161
10,122
10,073
9,959
9,847
9,827

1952-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

9,843
9,929
10,045
10,165
10,273
10,405
10,543
10,665
10,790
10,962
11,075
11,231

115
123
124
124
144
134
125
128
133
131
158
144

1953Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

11,344
11,446
11,530
11,709
11,830
11,961
12,100
12,208
12,334
12,474
12,608
12,792

151
136
146
151

1954-=- Jan
Feb
Mar
Apr
May
June
July.
Aug
Sept
Oct
Nov
Dec

12,915
13,022
13,197
13,391
13,570
13,729
13,902
14,088
14,271
14,440
14,618
14,845

155
160

1955Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1951July
Aug.....
Sept
Oct.,:
Nov
Dec

State
and
local
govt.

Corporate
and
other

9,840
9,809
9,807
9,770
9,756
9,626
9,774
9,729
9,687
9,558
9,484
9,443

2,528
2,543
2,556
2,591
2,597
140 j 2,490
I
2,498
205
2,551
210
2,603
247
2,681
248
2,735
254
2,774
243
2,821
268
2,845
274
2,866
278
2,913
296
2,905
297
2,925
335

830
853
845
827
816
965
754
777
848
816
800
917

9,507
9,533
9,537
9,526
9,547
9,479
9,494
9,498
9,435
9,332
9,289
9,191

341
406
411
369
377
394
397
406
412
419
425
428

2,980
3,038
3,060
3,110
3,145
3,199
3,247
3,261
3,293
3,297
3,277
3,311

882
847
872
843
787
867
805
798
841
878
812
983

169
168
210
198
181
185
191
179
198
188

9,199
9,196
9,161
9,119
9,123
9,030
8,935
8,926
8,885
8,857
8,757
8,755

446
459
470
499
531
535
556
564
570
581
591
608

3,410
3,445
3,484
3,501
3,516
3,552
3,599
3,616
3,625
3,612
3,572
3,548

953
957
1,004
942
878
987
974
941
949
909
920
1,026

15,009
15,174
15,395
15,579
15,771
15,999
16,213
16,437
16,669
16,890
17,067
17,279

181
187
196
182
206
204
182
193
207
196
218
211

8,785
8,793
8,799
8,754
8,740
8,685
8,719
8,712
8,667
8,556
8,483
8,463

639
646
659
657
662
663
682
679
659
654
642
646

3,559
3,567
3,574
3,558
3,520
3,512
3,480
3,440
3,417
3,407
3,372
3,364

1956Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

17,471
17,661
17,866
18,049
18,243
18,429
18,627
18,854
19,040
19,245
19,420
19,559

182
189
214
215
263
250
220
231
245
238
276
248

8,485
8,477
8,485
8,433
8,391
3,315
8,309
8,262
8,225
8,078
8,000
7,982

671

673
689
686
681
678
680
681
677
672
673
676

1957Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct....
Nov
Dec

19,695
19,787
19,914
20,035
20,162
20,280
20,402
20,513
20,616
20,740
20,840
20,971

232
251
277
262
313
282
249
268
274
243
261
253

8,003
8,023
8,041
7,965
7,946
7,874
7,867
7,878
7,861
7,725
7,589
7,583

683
683
685
687
686
693
690
692
689
692
685

Digitized for FRASER


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

,
;,

172
158
148
154
160
158
175
165

682

840

Other
assets

Cash

813
780
795
785
753
883

Total
assets-
Total
I
General
liabilities Deposits
Other
reserve
& general
liabilities accounts
reserve
accounts

300
314
306
323
288

22,978
23,080
23,184
23,233
23,265
23,504

20,457
20,522
20,606
20,667
20,654
20,900

191
217
219
201

234
153

2,329
2,341
2,359
2,364
2,377
2,450

302
311
314
314
327
312
308
317
324
321
332
304

23,633
23,787
23,984
24,128
24,306
24,460
24,592
24,735
24,925
24,996
25,052
25,301

21,027
21,137
21,318
21,435
21,572
21,772
21,877
21,985
22,170
22,261
22,268
22,610

160
197
191
214
247
192
217
247
245
219
262
164

2,447
2,453
2,475
2,478
2,487
2,496
2,498
2,502
2,510
2,516
2,521
2,527

318

25,523
25,741
25,902
26,074
26,232
26,402
26,552
26,691
26,846
26,936
26,968
27,199

22,803

192
290

2,528
2,534
j 2,557
: 2,549
2,552
< 2,559
i! 2,568
2,579
j 2,596
2,596

369
372
375
390
367
369
388
398
377
392
380

27,434
27,609
27,856
27,995
28,217
28,397
28,515
28,709
28,889
28,956
29,049
29,350

24,577
24,694
24,928
25,040
25,205
25,438
25,534
25,644
25,838
25,939
25,970
26,351

234 i
280 :l
273
296
337
277
304
354
327 ]
293

1,028
985
984
937
953
989
924
927
917
891
885
966

394
408
414
404
410
409
408
408
418
413
427
416

29,595
29,761
30,021
30,071
30,262
30,461
30,607
30,796
30,954
31,008
31,095
31,346

26,546
26,651
26,917
26,961
27,086
27,329
27,427
27,537
27,718
27,803
27,830
28,182

299 1
342 i
322
339
385
335
372 J

3,377
3,412
3,415
3,417
3,436
3,476
3,509
3,511
3,525
3,538
3,530
3,548

914
900
887
832
829
914
H51
832
832
799
111
920

425
435
444
446
460
440
446
451
462
455
469
448

31,525
31,747
31,998
32,077
32,303
32,503
32,642
32,823
33,006
33,024
33,146
33,381

3,616
3,670
3,753
3,816
3,878
3,950
4,013
4,073
4,128
4,188
4,285
4,344

831
831
844
788
800
871
798
757
783
759
765
889

459
468
473
468
480
472
476
485
497
486
507
490

33,518
33,713
33,986

I!

I
\
li
'

334
346
367
374
344
361
366
372
378
383
330
356

34,019

34,265
34,415

34,497
34,663
34,851
34,831
34,939 ,
35,215

22,917
23,116
23,269
23,385
23,620
23,731
23,819
23,977
24,077
24,060
24,3bS

228
256
294
224
253
292
273
263
298
203

339

261

2,611
2,608

2f623
2,635
2,655
2,659
2,675
2,682
2,677
2,711
2,725
2,724
2,739
2,738

378
405
310

2,750
2,768
2,782
2,771
2,791
2,797
2,809
2,833
2,854
2,827
2,860
2,854

28,321
28,456
28,694
28,739
28,900
29,185
29,261
29,363
29,522
29,584
29,634
30,026

346
403
399
430
472
387
440
495
504
463
511
369

2,859
2,888
2,905
2,909
2,930
2,930
2,941
2,965
2,981
2,977
3,002
2,986

30,112
30,224
30,461
30,468
30,637
30,902
30,918
31,008
31,214
31,248
31,284
31,684

405
462
483
507
563
461
510
567
532
488
536
427

3,002
3,027
3,042
3,044
3,065
3,052
3,069
3,089
J.I 03
3,095
3,119
3,105

427
;
381

MONEY RATES AND SECURITIES MARKETS


12.33 MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-70Continued
[In millions of dollars]
Loans
End of month

Mortgage

Securities

Other

U. S.
Govt.

State
and
local
govt.

Corporate
and
other

Cash

Other
assets

Total
assets
Total
liabilities
& general
reserve
accounts

Deposits

Other
liabilities

General
reserve
accounts

21,101
21,200
21,366
21 ,519
21,714
21,958
22,152
22,348
22,530
22,725
22,876
23,038

270
277
277
258
286
268
243
267
287
258
280
320

7,583
7,562
7,603
7,518
7,456
7,419
7,430
7,449
7,422
7,330
7,298
7,270

708
712
717
722
703
725
734
736
738
735
734
729

4,503
4,590
4,676
4,773
4,893
4,881
4,914
4,923
4,957
4,951
4,950
4,971

829
892
928
881
876
925
858
853
871
863
825
921

498
511
520
511
521
540
537
542
551
533
555
535

35,493
35,744
36,087
36,181
36,450
36,716
36,868
37,119
37,356
37,396
37,519
37,784

31,917
32,066
32,402
32,495
32,676
32,982
33,070
33,213
33,480
33,575
33,617
34,031

463
542
523
543
604
553
600
675
624
581
634
526

3,113
3,137
3,162
3,143
3,169
3,181
3,198
3,230
3,251
3,239
3,267
3,227

23,107
23,232
23,407
23 , 562
23,723
23,879
24,058
24,214
24,374
24,511
24,635
24,769

212
239
256
242
278
318
305
339
356
327
366
358

7,324
7,364
7,427
7,383
7,395
7,301
7,288
7,276
7,244
6,963
6,878
6,871

728
724
763
729
740
747
751
750
758
738
730
721

4,931
4,937
4,908
4,967
4,947
4,966
4,918
4,931
4,929
4,874
4,845
4,845

803
821
866
752
760
803
724
727
725
698
718
829

533
538
559
541
550
547
549
547
562
553
556
552

37,639
37,855
38,185
38,175
38,392
38 , 560
38,592
38,784
38,947
38,664
38,729
38,945

33,860
33,974
34,287
34,293
34,413
34,624
34,570
34,650
34,847
34,660
34,633
34,977

571
641
629
630
699
643
711
799
730
665
723
606

3,208
3,240
3,269
3,252
3,280
3,294
3,312
3,336
3,370
3,339
3,372
3,362

I960 Jan
Feb
Mar
Apr
May
June . . . .
July
Aug
Sept
Oct
Nov .
Dec

24,928
25,044
25,194
25,323
25,484
25,653
25,812
26,018
26,214
26,381
26,553
26,702

333
372
412
386
446
396
435
449
435
417
425
416

6,862
6,851
6,883
6,734
6,655
6,562
6,514
6,544
6,512
6,356
6,288
6,243

715
706
709
722
699
695
691
686
687
681
676
672

4,833
4,824
4,875
4,857
4,871
4,926
4,965
4,957
4,989
4,985
5,019
5,076

698
735
776
690
732
840
771
765
787
779
788
874

565
569
570
574
578
569
572
564
592
585
590
589

38,934
39,101
39,420
39,288
39,464
39 , 642
39,760
39,983
40,216
40,185
40,339
40,571

34,909
34,959
35,279
35,184
35,242
35,463
35,484
35,589
35,867
35,923
35,961
36,343

660
742
722
713
799
720
795
878
806
740
810
678

3,364
3,400
3,419
3,391
3,423
3,459
3,480
3,515
3,543
3,522
3,567
3,550

1961 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

26,863
27,003
27,207
27,383
27 , 570
27,771
27,972
28,179
28,335
28,513
28 , 680
28,902

412
427
453
401
449
417
385
431
455
420
469
475

6,349
6,449
6,566
6,350
6,337
6,296
6,314
6,320
6,305
6,185
6,172
6,160

667
667
666
664
665
687
685
686
687
682
677
677

5,079
5,064
5,110
5,099
5,126
5,158
5J60
5,137
5,118
5,062
5,042
5,040

825
846
855
804
834
861
835
821
867
840
847
937

610
621
624
625
607
616
620
629
654
645
642
640

40,804
41,076
41,480
41,326
41,588
41,806
41,970
42,202
42,422
42,348
42,529
42,829

36,513
36,649
37,000
36,946
37,060
37,427
37,450
37 , 549
37 , 859
37,844
37,892
38,277

728
821
850
781
883
720
852
935
823
788
857
781

3,563
3,606
3,630
3,599
3,645
3,659
3,668
3,718
3,739
3,716
3,779
3,771

1962 Jan
Feb.
Mar
Apr
May . .
June
July
Aug. . . .
Sept
Oct
Nov
Dec

29,145
29,333
29,563
29 , 833
30,087
30,399
30,688
31,000
31,243
31,548
31,820
32,056

455
461
508
468
537
519
506
549
563
536
586
602

6,245
6,322
6,531
6,315
6,331
6,296
6,285
6,311
6,314
6,152
6,133
6,107

669
651
633
606
587
582
577
568
563
548
540
527

5,064
5,065
5,090
5,055
5,057
5,069
5,135
5,159
5,151
5,154
5,183
5,177

837
884
896
818
829
883
837
808
852
867
832
956

655
661
676
671
670
675
678
677
702
697
683
695

43,071
43 , 378
43,897
43,766
44,100
44,421
44,706
45,073
45,388
45 , 502
45,776
46,121

38,446
38,611
39,083
39,032
39,216
39,642
39,814
40,029
40,458
40,644
40,791
41,336

845
944
973
923
1,016
921
1,022
1,127
996
955
1,025
828

3,780
3,823
3,840
3,811
3,868
3,859
3,870
3,916
3,934
3,904
3,960
3,957

1963= Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

32,492
32,812
33,125
33,452
33,809
34,075
34,389
34,690
34,964
35,333
35,654
36,007

575
583
611
568
614
588
583
662
667
637
659
607

6,143
6,172
6,432
6,191
6,166
6,189
6,170
6,137
6,076
5,899
5,885
5,863

512
501
475
470
462
458
455
455
453
451
. 448
440

5,176
5,166
5,157
5,085
5,080
5,090
5,107
5,132
5,171
5,149
5,073
5,074

819
870
891
830
852
890
828
809
848
819
811
912

735
722
743
728
734
737
750
741
775
765
781
799

46,451
46,826
47,436
47,325
47,717
48,028
48,282
48,626
48,955
49,052
49,312
49,702

41,565
41,780
42,306
42,318
42,549
42,972
43,109
43,282
43,712
43,910
44,028
44,606

932
1,052
1,106
1,034
1,148
1,023
1,138
1,248
1,124
1,049
1,141
943

3,955
3,993
4,023
3,973
4,019
4,033
4,035
4,096
4,118
4,093
4,143
4,153

1964 Jan
Feb
Mar
Apr
May
June

36,352
36,635
36,933
37,267
37,601
37,971

661
700
704
646
714
676

5,951
6,033
6,117
6,064
6,052
6,024

440
427
424
423
419
409

5,088
5,135
5,151
5,138
5,150
5,145

849
880
887
819
847
906

837
803
825
820
827
871

50 , 1 79
50,614
51,042
51,178
51,610
52,001

45,006
45,266
45,761
45,851
46,124
46,624

1,023
1,143
1,036
1,118
1,225
1,102

4,150
4,206
4,244
4,209
4,261
4,275

1958 Jan,
Feb.
Mar
May
June
July
Aug
Sept
Oct
Nov
Dec

1959^ Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

. ..

Digitized for FRASER


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

841

MONEY RATES AND SECURITIES MARKETS


12.33 MUTUAL SAVINGS BANKS: ASSETS AND LIABILITIES, 1945-70Continued
[In millions of dollars]
Lo ins

Knd of month

Securities
State
and
local
govt.

Cerporate
and
other

Cash

Other
assets

Total
assets
lota I
liabilities
Si general
reserve
accounts

Deposits

Mortgage

Other

U.S.
Govt.

1964 July
Aud.
Sept.
Oct
Nov
Dec

38,407
38,764
39,146
39,538
39,898
40,328

705
764
739
727
760
739

6,025
6,095
6,082
5,849
5,785
5,791

409
407
409
403
399
391

5,142
5,179
5,193
5,178
5,180
5,099

863
895
883
898
905
1,004

867
879
887
889
898
886

52,417
52,983
53,339
53,482
53,825
54,238

46,918
47 , 274
47,757
47,982
48,188
48,849

1965 -Jan
Feb
Mar....
Apr

May
June
July
Aug
Sept
Oct.
Nov..
Dec

40,640
40,924
41,265
41,563
41,853
42,187
42,600
42,964
43,305
43,680
44,031
44,433

800
786
820
798
882
849
807
872
842
813
888
862

5,907
6,016
6,054
5,857
5,841
5,821
5,791
5,814
5,795
5,585
5,515
5,485

388
383
381
379
367
360
356
349
349
338
333
320

5,105
5,123
5,144
5,183
5,188
5,199
5,284
5,299
5,263
5,265
5,243
5,170

977
992
1,007
944
968
,019
946
941
960
897
885
1,017

895
909
931
928
913
946
955
951
958
974
966
944

54,713
55,133
55,602
55,652
56,013
56,382
56,739
57,191
57,470
57,552
57,863
58,232

1966 Jan
Feb
Mar......
Apr
May .
June. . .
July......
Aug.. .
Sept
Oct.
Nov,....
Dec.

44,709
44,952
45,180
45,335
45,529
45,688
45,968
46,232
46,450
46,736
46,953
47,193

904
925
913
867
991
923
,035
,095
,052
,023
,131
,078

5,560
5,623
5,600
5,335
5,311
5,150
5,101
5,063
5,078
4,913
4,848
4,764

314
313
317
307
297
286
280
276
270
260
254
251

5,217
5,289
5,352
5,323
5,353
5,397
5,494
5,659
5,603
5,588
5,644
5,719

920
932
896
849
854
963
852
825
850
833
799
953

965
965
998
994
995
,007
,042
.007
,031
,037
,029
,024

1967- Jan.
Feb.
Mar.
Apr.
May.. .
J une
July
Aug
Sept
Oct
Nov.. .
Dec......

47,484
47,692
47,973
48,236
48,493
48,771
49,010
49 , 322
49 , 557
49 , 827
50,046
50,311

,076
,137
,136
,075
,261
,226
,144
,210
,152
,169
,243
,203

4,679
4,700
4,645
4,481
4,433
4,336
4,396
4,367
4,406
4,299
4,397
4,319

247
249
246
243
235
249
246
242
243
228
222
219

6,053
6,251
6,480
6,803
7,062
7,313
7,642
7,910
8,054
8,080
8,107
8,183

969
,041
,140
,069
,095
,140
,084
,034
999
959
915
993

1968- Jan
Feb
Mar
Apr. .
May
June. .
July

Sept
Oct.
Nov
Dec.

50,705
50,902
51,039
51,199
51,402
51,621
51,869
52,102
52,323
52,636
52.946
53,286

,260
,334
,341
,267
,474
,387
,385
,489
,468
,431
,532
,407

4,344
4,405
4,412
4,303
4,374
4,235
4,213
4,203
4,139
3,999
3,913
3,834

218
220
229
221
214
206
205
201
204
195
200
194

8,444
8,672
8,937
9,113
9,213
9,403
9,616
9,778
9,827
9,913
10,001
10,180

1969- Jan
Feb
Mar
Apr
May
June. . . . .
July
Aug
Sept
Oct
Nov
Dec

53,579
53,807
54,005
54,209
54,442
54,672
54,887
55,068
55,188
55,346
55,497
55,822

,426
,559
,562
,519
,713
,633
,539
,717
,732
,725
,867
,839

3,962
3,989
3,990
3,900
3,821
3,618
3,634
3,613
3,536
3,359
3,321
3,222

195
190
194
199
197
192
201
201
190
191
196
193

10,298
10,429
10,649
10,721
10,800
11,029
10,982
10,983
10,990
10,885
10,863
10,904

1970

55,860
55,966
56,119
56,279
56,423
56,644
56,804
56,986
57,202
57,398
57.473
57,775

1 ,861
2,122
2,080
2,048
2,223
2,131
2,239
2,249
2,240
2,291
2,332
2,255

3,276
3,303
3.274
3 , 294
3,362
3,214
3,241
3,271
3,281
3,215
3,219
3,151

204
190
194
188
190
197
196
197
197
207
205
197

10,894
10,938
11,212
11,319 (
1 1 , 465
11,766 |
11,945
12,099
1 2 222
12^243
12,378
12,876

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

Digitized for FRASER


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

842

Other
liabilities

**2

General
reserve
accounts

.200
, 1 46
,223
989

^56

4,277
4,352
4,383
4,354
4,414
4,400

49,222
49 , 444
49,989
49,978
50.166
50,623
50,844
51,063
51,506
51,663
51,826
52,443

,085
,214
,108
,216
,334
,226
,350
, 5U2
, 326
,283
, 3l>6
,124

4,405
4,476
4,505
4,459
4,512
4,533
4,545
4,626
4,639
4,607
4,672
4,665

58,588
58,999
59,256
59,010
59,330
59,415
59,772
60,156
60,334
60,390
60,658
60,982

52,689
52,907
53,286
52,959
53,075
53,318
53 , 523
53 , 689
54,073
54,178
54,326
55,006

,230
. 354
,228
,343
,480
332
, 49')
,641
,43H
,4th>
,463
,114

4,669
4,737
4,742
4,707
4,774
4,765
4,750
4,827
4,823
4,812
4,869
4,863

,062
,051
,081
,076
,074
,108
,116
,117
,147
,134
,130
,138

61 , 570
62,122
62,701
62,983
63,654
64,143
64,639
65,201
65,559
65,696
66,061
66,365

55,456
55,788
56,538
56,739
57 , 1 84
57,836
58,169
58,499
59,066
59,257
59,462
60,121

,259
,428
, 249
,381
,546
.379
,563
,732
,525
,489
,597
,260

4,855
4,906
4,914
4,863
4,923
4,929
4,908
4,969
4,967
4,950
5,002
4,984

877
903
914
871
877
951
924
912
990
911
914
996

,153
,156
,198
,190
,215
,230
,218
,217
,253
,227
,267
,256

67,002
67,592
68,070
68,165
68,768
69,034
69,429
69,902
70,203
70,312
70,773
71,152

60,581
60.945
61,615
61 , 554
61 ,926
62 , 41 1
62,607
62,851
63,381
63 , 550
63 , 8CK)
64,507

,406
,575
,388
,553
,732
,503
,706
,871
,628
,567
,707
,372

5,015
5,071
5,067
5,058
5,110
5,120
5,116
5 , 1 80
5,194
5,195
5,266
5,273

835
888
900
792
897
865
845
846
833
791
828
919

,256
,269
,293
,270
,288
.306
,303
,297
,327
,339
,343
,307

71 , 550
72; 132
72,593
72,610
73 , 1 59
73.316
73,392
73,724
73,796
73,638
73,914
74,206

64,747
65,087
65,759
65,575
65,888
66,243
66.091
66,193
66,519
66,344
66,505
67 , 086

,507
,692
,476
,663
,843
,664
,863

,796
,785
,853 i
,585

5 295
5,353
5,359
5 , 372
5,428
5,409
5,438
5 , 492
5,481
5,509
5,556
5,535

780
884
848 :
853
852
1
956
920
972
1,001
1,035
1,112

,360
,353
,436
,385
,374
, 404
,459
,464
,459
,465
,483
,471

74,235
74,755
75,!! 64
75,366
75,889
76,312
76,804
77,239
77 , 602
77,855
78,202
78,995

66,997
67,255
67,855
67,861
68,196
68,723
69,039
69,222
69,817
70,093
70,361
71,580

,708
,918
,713
,906 ',
2,071
1 ,957
2,121
2,327
2,087
2,051
2,111
1 , 690

5,531
5 , 582
5,596
5,599
5,621
5,631
5,643
5,689
5,698
5,712
5,730
5,726

,.27o

ro38

MONEY RATES AND SECURITIES MARKETS


SAVINGS AND LOAN ASSOCIATIONS: ASSETS AND LIABILITIES, 1945-70

12.34

[In millions of dollars]


Ass ets

End of period

Mortgages

U.S.
Govt.
securities

Liabilities

Cash

Other

Total
assets
Total
liabilities

Savings
capital

Reserves
and
undivided
profits

Borrowed
money

Loans in
process

Other

1945 .,
1946
1947
1948
1949....

5,376
7,141
8 856
10 305
11,616

2 420
2 009
740
455
462

450
536
560
663
880

356
381
416
501
566

8
10
11
13
14

747
202
687
028
622

7 365
8,548
9 753
10 964
12 471

644
751
855
969
1,106

336
402
542
590
499

4C 2
SC 1
53 7
5C 5
54\6

1950
1951
1952
1953
1954

13 657
15,564
18 396
21 962
26,108

487
603
787
1 920
2 013

924
1,066
1 289
1 479
1,971

733
899
1 108
1 297
1 469

16
19
22
26
31

893
222
660
733
633

13
16
19
22
27

992
107
195
846
252

1,280
1,453
1,658
1,901
2,187

900
894
944
1,027
950

789

11 1
76 8
8( 3
9f 9

31,408
35 , 729
40 007
45 627
53 141

2
2
3
3
4

338
782
173
819
477

2,063
2,119
2 146
2 585
2 183

1
2
2
3
3

789
199
770
108
729

37
42
48
55
63

656
875
138
139
530

32 142
37,148
41 912
47 976
54 583

2,557
2,950
3,363
3,845
4,393

1,546
1,347
1,379
1,444
2,387

912
887
856
1,161
1,293

499
543
628
713
874

60,070
68 834
78 770
90,944
101 333

4 595
5 211
5' 563
6 445
6 966

2,680
3 315
3 926
3,979
4 015

4 131
4 775
5 346
6,191
7 041

71
82
93
107
119

476
135
605
559
355

62,142
70 885
80 236
91,308
101 887

4,983
5,708
6,520
7,209
7,899

2,197
2,856
3,629
5,015
5,601

1,186
1,550
1,999
2,528
2 ,239

968
1,136
1,221
1,499
1,729

110 306
114 427
121,805
130 802
. 140 232

7 414
7 762
9 180
9 555
10 873

3
3
3
2
2

900
366
442
962
438

7 960
8 378
9,107
9 571
8 606

129
133
143
152
162

580
933
534
890
149

110 385
113 969
124,493
131 618
135,538

8,704
9,096
9,546
10,315
11,228

6,444
7,462
4,775
5,705
9,728

2,198
1,270
2,257
2,449
2,455

1,849
2,136
2,463
2,803
3,200

146 404

11,991

10,911

3,078

3,799

1,190

315
437
694
900

s:U
7;11

746
811
742
894

8S>6

584
648
711
944

9*it

606
714
797
1,027

1,05)0

1955V
1956
1957
1958
1959

. .

1960
1961
1962 ..
1963
1964
1965
1966
1967
1968
1969

. .

1970

13 020

3 506

9 326

176 183

1950 Mar
June. . .
Sept
Dec.

12
12
13
13

014
694
293
657

497
506
*489
487

885
913
727
924

597
672
689
733

15 090
15*880
16 291
16 893

12
13
13
13

1951 Mar
June
Scot.
Dec

13 999
14,539
15 058
15 564

547
558
577
603

844
940
852
1 066

751
849
852
899

17
17
18
19

232
977
429
222

14 286
14,910
15 317
16,107

1952 Mar
June
Sept
Dec

16 057
16,875
17 696
18,396

690
,687
765
787

1 080
,182
044
,289

918
996
1,011
1,108

19 832
20,825
21 598
22 660

16 811
17,656
18 198
19,195

259
,333
196
,479

1 128
1,218
1 212
1,297

23 442
24,724
25 582
26,733

20 072
21,140
21 735
22,846

150 331

925
422
418
992

1953 Mar
June
Sept
Dec

19 051
20,099
21 116
21,962

926
,997
982
,920

1954Mar
June
Sept
Dec.

22 , 698
23 798
24 982
26 108

925
956
966
2 013

1
1
1
1

615
790
677
971

1,327
1,427
1 369
1,469

27
29
30
31

639
045
067
633

23
25
25
27

1955 Jan
Feb.
Mar
Apr. . .
May
June
July
AUK.
Sept
Oct.
Nov.
Dec

26 413
26 750
27 288
27 824
28 379
28,993
29 529
30 116
30 595
30 935
31 185
31 408

2
2
2
2
2
2
2
2
2
2
2
2

087
154
192
223
249
269
327
343
323
321
334
338

1 959
1 966
917
828
833
959
715
651
,610
726
793
2 063

1 441
1,455
1 497
1,548
1 639
1,651
1,579
1 615
1,636
1,685
1 779
1,789

31
32
32
33
34
34
35
35
36
36
37
37

970
394
962
490
166
937
214
787
225
727
150
656

27 716
28 041
28 399
28 717
29 137
29,855
29 979
30 276
30,547
30 965
31 355
32 142

31 675
31 971
32 368
32 776
33 212
33 652
34,066
34 513
34 867
35,223
35 497
35,729

2 452
2 525
2 582
2 637
2 680
2 646
2,680
2 719
2 732
2 746
2 771
2,782

2 019
2,015
I 968
906
918
040
,862
766
723
,759
817
2,119

1 764
1,820
1 864
1 952
2 079
2 091
2,008
2 017
2 071
2,139
2 220
2,199

37 967
38 387
38 837
39 325
39 942
40 481
40 667
41 065
41 442
41 915
42 352
42,875

...

1956Jan.
Feb
Mar. . .
Apr.
May
June
July
Aug
Sent,
Oct
Nov. . . .
Dec
For note see end of table.

Digitized for FRASER


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

843

32
32
33
33
34
34
34
35
35
35
36
37

893
128
824
252

605
951
298
617
079
848
990
277
544
949
326
148

1,280
1,360
1,453
1,540
1,658
1,780
1,901
2,028
2,187

2,349

2,557

2 741

2,950

455

7(>8

8<>3

9^59

692
746
761
950

571
713
787
789

430

784
752
762
822
894
1,102
1,164
1,292
1,403
1,476
1 494
1,546

111
808
918
,000
,073
,133
,148
,187
,137
,070
987
912

498

1 358
1,283
1 232
1 227
1,225
1 279
1,220
1 236
1 264
1,266
1 266
1,347

879
913
972
,035
,067
,079
,077
,061
031
989
925
887

534

455

499

543

MONEY RATES AND SECURITIES MARKETS


12.34

SAVINGS AND LOAN ASSOCIATIONS: ASSETS AND LIABILITIES, 1945-70Continued


[In millions of dollars]
Liabilities

As;sets

End of month

Mortgages

U.S.
Govt.
securities

Cash

Other

Total
assets-Total
liabilities

Savings
capital

Due.

35,950
36,209
36,567
36,967
37,413
37,834
38,241
38,701
39,058
39,475
39,753
40,007

2,925
3.040
3,129
3,155
3,169
3,129
3,170
3,194
3 , 220
3,215
3,238
3,173

,948
1,908
,884
,835
,874
2,059
,739
,636
,647
,629
,715
2,146

2,179
2,235
2,321
2,436
2,576
2,607
2,513
2,572
2,628
2,715
2,775
2,770

43.047
43,437
43,945
44,437
45,076
45,673
45 , 707
46,147
46,597
47,077
47 , 524
48,138

37,485
37,793
38,145
38,453
38,905
39,726
39 , 674
39,926
40,250
40,611
40,989
41,912

Jan
Feb . . . .
Mar.
Apr. .
MayJune
July
Aug
Sept
Get
Nov
Dec

40,246
40,486
40,824
41,227
41 ,755
42 , 328
42,882
43 , 446
44,024
44,629
45 , 099
45 , 627

3,218
3,199
3,199
3,236
3,248
3 , 329
3,371
3,481
3,627
3,731
3,782
3,819

2,028
2,201
2,413
2,532
2,574
2,752
2,462
2,392
2,315
2,208
2,250
2,585

2,780
2,793
2,797
2,899
2,998
2,955
2.S65
2,877
2,922
3,059
3,161
3,108

48 , 272
48,679
49,233
49 , 894
50,575
51,364
5(,580
52,196
52,888
53,627
54,292
55,139

42,365
42 , 741
43,229
43,591
44,102
45,037
45,110
45,470
45,917
46,424
46,904
47,976

1959 -Jan
Feb . . . .
Mar
Apr
May. . . . . .
J une . . . .
July
Aui?. ,
Sept
Get
Nov
Dec . . . .

46 , 039
46,469
47,065
47,775
48,531
49,364
50 , 1 68
50,908
51 ,584
52,210
52,674
53,141

4,102
4,198
4,273
4,378
4,399
4,396
4,504
4,527
4,520
4,530
4,502
4,477

2,288
2,261
2,260
2,080
2,107
2,345
,914
,872
,820
,751
,812
,183

3,069
3,152
3,251
3,402
3,588
3,603
3,489
3,503
3,570
3 , 656
3,793
3,729

55,498
56,080
56,849
57,635
58,625
59 , 708
60,075
60,810
61,494
62,147
62,781
63,530

48,422
48,827
. 49,354
49,768
50,367
51,456
51,657
52,051
52,498
52,894
53,378
54,583

1960 J a n . . .
Fcb
Mar.
Apr. . . . . .
May .
J une
July
Aug
Sept
Oct.......
Nov......
Dec

53.462
53,862
54,403
54,967
55,602
56.364
57,009
57,731
58 , 387
58,989
59 , 504
60,070

4,676
4,741
4,715
4,715
4,733
4 , 590
4,558
4,535
4,540
4,650
4,596
4,595

,868
,834
,883
,857
,938
2,258
2,025
2,055
2,080
2,182
2,265
2,680

3,617
3,681
3,785
3,893
4,103
4,053
3,905
3 , 899
3,949
3,948
4,181
4,131

63,623
64,118
64,786
65,432
66,376
67,265
67,497
68,220
68,956
69 , 769
70,546
71,476

1961

60,437
60,874
61,569
62,265
63,081
64,056
64,797
65,712
66,521
67 , 332
68,089
68,834

4,687
4,875
4,981
4,964
4.963
4,991
4,982
5 , 047
5,045
5,088
5,167
5,211

2,589
2,649
2,655
2,680
2,829
2,958
2,742
2,661
2,712
2,794
2,878
3,315

4,028
4,097
4,220
4,335
4,558
4,496
4,352
4,436
4,518
4,625
4,828
4,775

69,352
69,944
70,728
71 ,558
72,520
73,526
74 , 406
75,409
76,238
77,182
77,972
78,770

5,393
5,488
5,523
5,480
5 472
5,408
5,454
5,446
5.4H8
5 , 523
5 , 569
5,563

2,961
3,057
3,185
3,108
3,118
3,376
2 , 992
2,955
3,037
3,130
3,230
3,926

4,670
4,709
4,'8Q4
4,897
5 , 298
5,236
5,058
5,158
5,241
5,281
5,445
5,346

1957

Jan...
Feb
Mar.
Apr
May
Juno. . . .
July
Aug. .
Sent

Get:
Nov
19 58

Jan
Feb . . . .
Mar
Apr . .
May
June
July
Aug. . . . . .
Sept
Get
.
Nov
Dec

1962 Jan
Fcb
Mar
Apr
May
June
July
Aug
Sept
Get
Nov .
Dec

Digitized for FRASER


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

844

Reserves
and
undivided
profits

3,130

3,363

Borrowed
money

,136
,067
,048 1
,059
,080
,181
,144
,181
,228
,244
1,254
1 , 379

Loans in
process

847
861
912
955
996
1,024
1,032
1,025
1 , 000
988
906

*
80(1

Other

612

628

3,845

1,004
876
787
899
870
1,035
998
,049
,133
,191
,232
,444

81!'
864
926
97*;'
,050
,091
, 109
H5
,176
,164
,161

713

3,855
3,863
3,864
3,870
3,879
4 , 094
4,102
4,113
4,120
4,128
4,138
4,393

,264
,210
,202
,229
,361
,675
,706
,825
,973
,109
,165
,387

,123
,163
,276
,373
,466
,578
,S8H
,583
,541
,482
,382
,293

834
,017
,153
125
,552
905
,022
,238
,362
,534
,718
874

55,050
55,456
56,086
56,456
57,078
58.29B
58,455
58,941
59 , 545
60,211
60,763
62,142

4,403
4,413
4,421
4,428
4,435
4,647
4,641
4,644
4,648
4,651
4,662
4,983

,936
,813
,688
,727
,731
,941
,817
,839
,888
,874
,926
,197

.198
,186
,233
,277
,331
,378
,372
,357
,318
,284
,212
,186

, 036
,250
,358
,544
,801
,001
,212
, 439
,557
,749
,983
968

71,741
72,495
73,425
74,244
75,431
76,501
76,873
77,856
78,796
79 , 839
80,962
82,135

62,736
63,292
64,000
64,419
65,221
66,577
66,701
67,208
67 , 887
68,611
69 , 390
70,885

4,981
4,987
4 995
5,007
5,010
5,284
5,280
5 , 282
5,289
5,290
5,296
5,708

,732
,652
,626
,716
,757
2 027
2,027
2,159
2,287
2,362
2,441
2,856

,119
,133
,231
,325
,416
,536
,552
,593
,588
,578
,559
,550

,173
,431
,573
,777
,027
,077
,313
,614
,745
,998
,276
,136

82,376
83,198
84,240
85,043
86,408
87 , 546
87.910
88,968
90,004
91, 116
92,216
93,605

71,379
71,944
72,862
73,236
73,997
75,392
75,417
76,052
76,909
77,724
78,581
80,236

5,732
5,734
5,735
5,734
5,735
6,014
6,019
6,021
6,035
6,058
6,070
6,520

2,475
2,377
2,296
2,421
2,519
2,883
2,972
3,063
3,159
3,195
3,172
3,629

,494
,542
,653
,784
,897
,969
,995
,983
,99V
,979
,932
,999

,296
,601
,#>4
,868
,260
,288
,507
1,849
1 ,910
2,160
2,461
1,221

""i',558"

684

MONEY RATES AND SECURITIES MARKETS


12.34 SAVINGS AND LOAN ASSOCIATIONS: ASSETS AND LIABILITIES, 1945-70Continued
[In millions of dollars]
Assets

Liabilities

End of month
Mortgages

U.S.
Govt.
securities

Cash

Other

Total
assets
Total
liabilities

Savings
capital

Reserves
and
undivided
profits

Borrowed
money

Loans in
process

Other

1963 Jan
Feb
MaiApr
May
June
July
Aug
Sept.
Get
Nov
Dec . .

79 , 440
80,143
81,055
82,128
83,320
84,554
85,681
86,909
88,020
89,151
89,967
90,944

5,751
5,922
6,100
6,136
6,115
6,203
6,274
6,237
6,349
6,423
6,551
6,445

3,593
3 , 700
3,789
3,656
3,622
3,858
3,413
3,367
3,397
3 , 465
3,498
3,979

5,237
5,284
5 , 403
5,491
5,883
5,855
5,708
5,860
5,904
5,991
6,170
6,191

94,021
95,049
96,347
97,411
98,940
1 00 , 470
101,076
102,373
103,670
105,030
106,186
107,559

81,219
82,070
83,272
83,764
84,748
86,379
86,368
87,032
87,963
88,774
89 , 588
91,308

6,553
6,573
6,571
6,585
6,600
6,802
6,813
6,831
6,835
6,843
6,860
7 , 209

2,895
2,700
2,604
2,729
2,843
3 , 436
3,693
3,915
4,212
4,417
4,468
5,015

1,931
1,956
2,098
2,255
2,355
2,462
2,489
2,496
2,542
2,582
2,510
2,528

t ,423
1,750
1,802
2,078
2,394
1,391
1,713
2,099
2,118
2,414
2,760
1 , 499

1964 -Jan
Feb . . .
Mar
Apr
May
June
July
Aug
Sept. .
Oct
Nov.
Dec

9 1 , 544
92,260
93,170
94,085
95,091
96,170
97,215
98,177
99,014
99,858
100,553
101,333

6,660
6,663
6,733
6,717
6,714
6,687
6,690
6,739
6,780
6,822
6,959
6,966

3,585
3,618
3,628
3,481
3,518
3,807
3,360
3,373
3 , 406
3,429
3,515
4,015

5.953
6,125
6,267
6,393
6,776
6,768
6,585
6,702
6,809
6,881
7,114
7,041

107,742
108,666
109,798
110,676
112,099
113,432
113,850
114,991
116,009
116,990
118,141
119,355

91 ,777
92,537
93,644
93,973
94,967
96,718
96,751
97,538
98,610
99,366
100,232
101,887

7,237
7,252
7,219
7,230
7,243
7,505
7,525
7,544
7,548
7,559
7,576
7 , 899

4,594
4,381
4,327
4,605
4,548
4,987
4,999
5,000
5,073
5,037
5 , 008
5,601

2,376
2,351 '
2,443 I
2,478
2,517
2,553
2,574
2,505
2,408
2,329
2,261
2,239 '

1,758
2,145
2,165
2,390
2,824
1,669
2,001
2,404
2,370
2,699
3,064
1 , 729

1965 - J a n . . . .
Feb
Mar.. .
Apr
May
June. . . .
July
Aug. .
Sept
Oct..
Nov
Dec. .

101,863
102,382
103,193
104,036
1 04 , 896
105,899
106,741
107,606
108,359
109,040
109,630
110,306

7,090
7,294
7,376
7,348
7 , 399
7,245
7,179
7,170
7,181
7,311
7,447
7,414

3,585
3,602
3,550
3,390
3,428
3.696
3,259
3,304
3,403
3,446
3,546
3,900

6,882
7,026
7,201
7 , 357
7.747
7,760
7,595
7,677
7,804
7,872
8,126
7,960 j

119,420
120,304
121,320
122,131
123,470
124,600
124,774
125,757
126,747
1 27 . 669
128,749
1 29 , 580

102,137
102,732
103,795
103,721
104.536
106,148
105,722
106,297
107.347
107,943
108,766
110,385

8,006
8,021
7 , 994
8,012
8 . 023
8 , 306
8,329
8,342
8,347
8 , 352
8,360
8,704

5 , 1 52
5,046
4,945
5 , 463
5,473
5,892
6,095
6,109
6,174
6,172
6,076
6,444

2,131
2,103
2 , 200
2 , 299
2,384
2,460
2,435
2 , 384
2,334
2,282
2,225
2,198

1,994
2,402
2,386
2,636
3,054
1,794
2,193
2,625
2,545
2,920
3,322
1 , 849

1966 Jan
Feb
Mar
Apr . . . .
May
June
July
Aug
Sept
Oct
Nov
Dec

111,121
111,597
1 1 2 , 349
113,092
113,610
1 1 4 , 000
114,121
114,273
114,373
114,377
114.365
1 1 4 , 427

7,703
7,851
7,857
7,644
7,639
7,347
7,313
7,358
7,478
7,631
7,930
7,762

3,322
3,386
3,252
3.106
3,182
3,370
2,819
2,720
2,636
2,685
2,861
3,366

7,517
7,661
7,797
7,904
8,318
8,189
8,044
8,223
8,276
8,328
8,549
8,378

1 29 , 663
130,495
131,255
1 3 1 . 746
132.749
1 32 . 906
I 32 , 297
132,574
132,763
133.021
1 33 , 705
133,933

110,313
110,841
1 1 1 ,675
110,915
111,301
112,451
110,977
1 11 , 1 04
111,725
1 1 1 , 674
112.284
113.969

8,570
8,572
8,579
8,575
8,574
8,859
8,863
8,852
8.859
8,856
8 , 849
9,096

6,266
6,105
6,076
6,952
7,142
7 , 344
7,887
7,747
7,701
7,755
7 , 569
7,462

2,116
2,114
2,232
2,296 i
2 284
2, 167
,998
,823
,652
,507
.362
,270

2,398
2,863
2,693
3,008
3,44S
2,085
2,572
3,048
2,826
3,229
3,641
2,136

1967 Jan
Feb
Mar
Apr, .
May
June
July
Aug
Sept
Oct
Nov
Dec

114,217
114,380
114,771
1 L5 , 207
115,886
116,890
117,625
118,634
119,485
120,317
121 .087
121,805

7,871
8,063
8,040
7,932
8,054
7,969
8,346
8,816
8,964
9,117
9,362
9,180

3,177
3,371
3,550
3,645
3,566
3,997
3,431
3,154
3,110
3,074
3,103
3,442

8,410
8,531
8,733
8,917
9,660
9,221
9,168
9,226
9,172
9,236
9,386
9,107

133,675
134.345
135,094
135,701
137,166
138,077
138.570
139.830
140,731
141 ,744
142,938
143,534

114.160
114,923
116,372
116,874
118,011
119,918
119,993
120,652
121.848
122,349
122,945
124.493

9,077
9 , 066
9,057
9.055
9 . 049
9,259
9,262
9,257
9 , 247
9 , 244
9 , 236
9 , 546

6,706
6,106
5 , 440
5,026
4,628
4,559
4,456
4,400
4,383
4,373
4,455
4,775

,186
,213
,360
,496
,700
,905
2,003
2,113
2,139
2,192
2,219
2,257

2,546
3,037
2,865
3 , 250
3,778
2,436
2,856
3,408
3,114
3,586
4,083
2,463

1968 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept. .
Oct
Nov
Dec

122,007
1 22 , 549
123,338
124,218
125,176
125,906
126,626
1 27 , 503
128,315
129,164
1 29 , 899
130,802

9,442
9,715
9,914
9,772
10,117
9,844
9,722
9,627
9,556
9,629
9,696
9 , 555

2,861
2,898
2,943
2,803
2,760
3,006
2,449
2,409
2,528
2 , 568
2,693
2,962

9,168
9,341
9,408
9,410
9,742
9,594
9,542
9,653
9 , 643
9,701
9,942
9,571

143,478
144,503
1 45 , 603
146,203
147,795
148,350
1 48 , 339
149,192
1 50 , 042
151,062
152,230
152,890

124,065
124,653
125,932
125,637
126,399
127,892
127,290
1 27 , 680
128,812
129,316
129,972
1 3 1 ,618

9 , 560
9 , 556 i
9 , 546
9,541
9.536
9,854
9,845
9,836
9 , 836
9,833
9 , 838
10,315

4,773
4,634
4,550
4,B46
4,995
5,234
5,315
5,312
5,363
5,373
5,371
5,705

2,180
2,181
2,302
2,440
2,565
2,595
2,539
2,443
2,427
2,422
2,398
2,449

2,900
3 , 479
3,273
3,739
4,300
2,775
3,350
3,921
3,604
4,118
4,651
2 , 803

Digitized for FRASER


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

845

MONEY RATES AND SECURITIES MARKETS


12.34

SAVINGS AND LOAN ASSOCIATIONS: ASSETS AND LIABILITIES, 1945-70Continued


[hi millions of dollars3

""' " " - "- ~


End of month

1969 Jan., . . . . .
Fob . . .
MaT

Apr
May
June
July.
Aug.
Kept
Oct.. .
Nov
Dec.
1970 - J a n . . . . . . .
Fob
Mar.. . . .
Apr
May
Juno
July
Aug. . . . . .
Sept.. . . . .
Oct.......
Nov.
Dec. . . .

Assets
=- --

Mortgages

Investment
Securities 1

131,425
132,097
133,015
134,043
135,033
136,251
137,118
137,964
138,633
1 39 , 243
139,695
140,232

11,579
1 1 ,868
12, 142
11,812
1 1,997
1 1 ,505
1 1 , 336
1 1 ,428
11,305
11 , 2 2 1
1 1 , 447
10,873

140,365
140,585
140,781
141,262
141,977
143,092
144, 159
145,261
146,370
147,513
148 684
150,331

10,897
11,157
11,493
1 1 , 542
2,093
2,079
2,721
2,801
2,821
1 3 , 243
13,301
1 3 . 020

C'ush

'Total
assets
Totiil
liabilities

Other

7,905
8,000
8 , 05 1
8,111
8,366
8,327
8, 193
8 , 304
8,370
8,457
8 , 597
8 . 606

153 279
154,482
1 55 , 756
156,344
157,817
158.612
1 58 , 604
159 597
160,238
160.829
161,851
1 62 , 1 49

131 ,531
132, 140
133,514
133,002
133,500
134,863
133,757
[33 753
534,636
H4,234
134,465
135,538

1 ,863
2,082
2,220
"> 355
2,518
2,637
2,397
2,405
2,446
2 , 706
3,144
3 . 506

8,572
8,637
8 . 744
8.832
8 , 949
9 . 007
8 , 943
9 . 028
9,114
9 , 1 63
9 , 259
9] 3 26

161,697
162,461
1 63 , 238
163,991
165,537
1 66 ,915
168,220
f 69 , 495
170,751
172,625
174,388
176,183

134,1 00
1 34, 302
535,873
136,076
136,818
138,593
M9 , 1 28
I 39 , 670
141 ,470
142,544
1 43 , 63 1
146,404 |!
I

Beginning in 1969, this category -the title of which was changed to


"Investment securities"- includes U.S. Govt. obligations, Federal agency

846

Liabilities
.......
., . . .

Reserves
and
Borrowed ; Ltwns in
undivided ' money
' process
profits

'

Savings
capital

2,370
2,517
2,548
2,378
2,421
2,529
1,957
1 , 90 1
1 ,930
1 ,908
2,112
2,438

Digitized for FRASER


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

... ... -,=., . .

i
!i
'
l!

It) 322
10,307
10,298
10.296
10,285
10,674
10,671
10,669
! 0,663
10,662
10,655
1 ! ,228
11,261
11,257
11,244
11,247
11,247
11,611
11.606
11,602
t 1,694
11,571
11 .573
1 1 , '99!

:l

'
"
'I
<l
.
i
\
i
:

'
,

;!
'!

;|
!l

5,70!
5,622
5,648
6. (WO
6,277
6,760
7,384
7,882
8,279
8 765
9,105
9,728
10,205
10,249
10,007
10,048
10,159
10,468
10,541
10,605
10,685
10,698
10.665
LO/Jil

1(

j
';
'

;
:i
i!
'
'
;
;

'

,.
i
'!

,408
,473
,644
.797
,90ft
.994
,967
,863
,741
643
,538
,455
,300
,203
,170
,223
,2*14
,460
.530
,580
,678
,745
.837
3JI7S

Other

3,317
3 , 940
3,652
4,159
4 , 849
^ 121
3,825
4 4W
3,919
4,525
5 , 088
3 , 200
3,831
4 , 450
3,944
4,397
5,019
3,683
4,415
5,038
4 U4
5 , 067
5,682
3 799

securities, State and local govt. securities, time deposits at hanks, ami
miscellaneous securities, except stock in the Federal home loa i banks.

MONEY RATES AND SECURITIES MARKETS


12.35

LIFE INSURANCE COMPANIES: ASSETS, 1945-70


[In millions of dollars]
Business securities

Government securities
End of period

Total
assets

Total

United
States

44,797
48,191
51,743
55,512
59,630

22,545
23,575
22,048
19,135
17,868

64,020
68,278
73,375
78,533
84,486

1955
1956
1957
1958
1959

State
and local

Foreign

20,583
21,629
20,021
16,746
15,290

722
614
609
872
1,052

16,118
13,760
12,905
12,537
12,262

13,459
11,009
10,252
9,829
9,070

90,432
96,011
101,309
107,580
113,650

1 1 , 829
11,023
10,690
11,234
11,581

1960 ..
1961
1962
1963
1964

119,576
126,816
133,291
141,121
149,470

1965
1966
1967
1968

Statement value:
1945
1946
1947
1948
1949
1950. .
1951
1952
1953
1954

Book value:
1947 jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
I94g jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1949 Jan
Feb
Mar
Apr
May
June
July.
Aug.
Sept.
Oct
Nov.
Dec

...
. ..
. ..
...

1950Jan
Feb
Mar
Apr
May
June
July.. ..
Aug. . . .
Sept
Oct
Nov. . . .
Dec

Mortgages

Real
estate

Policy
loans

Other
assets

Total

Bonds

1,240
1,332
1,4*8
1,517
1,526

11,059
13,024
16,099
20,272
23 , 124

10,060
11,775'
14,709
18,844
21,406

999
1,249
1,390
1,428
1,718

6,636
7,155
8,675
10,833
12,906

857
735
860
,055
1,247

1,962
1,894
1,937
2,057
2,240

1,738
1,808
2,124
2,160
2,245

1,152
1,170
1,153
1,298
1,846

1,507
1,581
1 , 500
1,410
1,346

25,351
28 , 1 1 1
31,515
34,438
37,300

23,248
25,890
29,069
31,865
34,032

2,103
2,221
2,446
2,573
3,268

16,102
19,314
21,251
23,322
25,976

,445
,631
,903
2,020
2,298

2,413
2,590
2,713
2,914
3,127

2,591
2,872
3,088
3,302
3,523

8,576
7,555
7,029
7,183
6,868

2,038
2,273
2,376
2,681
3,200

1,215
1,195
1,285
1,370
1,513

39,545
41,587
44,057
47,108
49,666

35,912
38,084
40,666
42,999
45,105

3,633
3,503
3,391
4,109
4,561

29,445
32,989
35,236
37,062
39,197

2,581
2,817
3,119
3,364
3,651

3,290
3,519
3,869
4,188
4,618

3,742
4,076
4,338
4,624
4,937

11 , 679
11,896
12,448
12,438
12,322

6,427
6,134
6,170
5,813
5,594

3,588
3,888
4,026
3,852
3,774

,664
1,874
2,252
2,773
2,954

51,857
55,294
57,576
60,780
63,579

46,876 1
49,036
51,274
53,645
55,641

4,981
6,258
6,302
7,135
7,938

41,771
44,203
46,902
50,544
55,152

3,765
4,007
4,107
4,319
4,528

5,231
5,733
6,234
6,655
7,140

5,273
5,683
6,024
6,385
6,749

158,884
167,455
177,832
188,636

11,680
11,099
10,788
10,741

5,119
4,921
4,683
4.456

3,531
3,260
3,145
3,194

3,030
2,918
2,960
3,091

67,598
69,948
75,855
81,895

58,472
61,116
64,978
68,665

9,126
8,755
10,877
13,230

60,014
64,609
67,516
69,973

4,681
4,885
5,187
5,571

7,678
9,117
10,059
11,306

7,233
7,797
8,427
9,150

48,234
48,546
48,893
49,111
49,339
49,705
49,998
50,213
50,569
50,833
51,049
51,537

23,385
23,434
23,123
23,162
23,139
22,934
22,850
22,730
22,493
22,460
22,265
21,775

21,501
21,546
21,199
21,233
21,219
21,014
20,895
20,776
20,532
20,517
20,305
19,826

597
599
606
614
622
622
621
620
624
611
618
614

,287
,289
,318
,315
,298
,298
,334
,334
,337
,332
,342'
,335

13,086
1 3 , 273
13,387
13,758
13,968
14,355
14,683
14,796
15,067
15,299
15,634
16,174

11,935
12,108
12,200
12,535
12,700
13,053
13,351
13,462
13,707
13,945
14,264
14,801

1,151
1,165
1,187
,223
,268
,302
,332
,334
,360
,354
,370
,373

7,160
7,272
7,364
7,439
7,552
7,682
7,829
7,943
8,065
8,208
8,345
8,556

744
740
736
751
757
760
768
788
795
810
819
838

,865
,866
,873
,875
,881
,887
,891
,899
,908
,917
,913
,917

1,994
1,961
2,410
2,126
2,042
2,087
1,977
2,057
2,241
2,139
2,073
2,277

52,003
52,238
52,584
52,866
53,122
53,457
53,774
54,041
54,358
54,628
54,892
55,383

21,734
21 ,491
21,355
21,093
20,918
20,681
20,428
20,202
19,943
19,521
19,286
19,050

19,731
19,498
19,341
19,068
18,889
18,658
18,361
17,923
17,642
17,198
16,947
16,679

601
611
627
638
644
659
706
771
792
819
841
864

,402
,382
,387
,387
,385
,364
,361
,508
,509
,504
,498
,507

16,382
16,830
17,247
17,644
17,888
18,197
18,557
18,751
18,981
19,584
19,865
20,354

14,989
15,414
15,828
16,219
16,464
16,753
17,101
17,292
17,527
18,127
18,403
18,889

,393
,416
,419
,425
,424
,444
,456
,459
,454
,457
,462
,465

8,839
8,994
9,169
9,347
9,514
9,701
9,886
10,087
10,241
10,436
10,627
10,861

881
888
903
941
944
963
981
999
,015
,026
,033
,054

,935
,942
,954
,966
,978
,982
,999
2,011
2,023
2,035
2,046
2,057

2,232
2,093
1,956
1,875
1,880
1,933
1,923
1,991
2,155
2,026
2,035
2,007

55,746
55,984
56,309
56,589
56,872
57,233
57,503
57,768
58,082
58,407
58 , 699
59,280

19,007
18,937
18,803
18,592
18,361
18,140
17,915
17,781
17,755
17,684
17,569
17,717

16,631
16,564
16,405
16,196
15,962
15,748
15,517
15,379
15,283
15,183
15,075
15,192

870.
872
887
885
895
907
912
915
938
988
1,000
1,022

,506
,501
,511
,511
,504
,485
,486
,487
,534
,513
,494
,503

20,451
20,640
20,854
21,218
21,467
21 ,934
22,332
22,433
22,541
22,715
22,923
23,043

18,992
19,181
19,369
19,728
19,937
20,378
20,762
20,862
20,957
21,108
21,300
21,390

,459
,459
,485
,490
,530
,556
,570
,571
,584
,607
,623
,653

11,007
11,158
11,338
11,513
1 1 , 670
11,847
12,004
12,176
12,344
12,504
12,679
12,892

,071
,097
,105
,120
,133
,157
,173
,176
,189
,209
,223
,236

2,071
2,081
2,099
2,110
2,124
2,141
2,156
2,173
2,188
2,202
2,213
2,227

2,139
2,071
2,110
2,036
2,117
2,014
1,923
2,029
2,065
2,093
2,092
2,165

59,786
60,076
60,383
60,662
60,976
61,354
61,681
61,992
62,370
62,706
63,022
63,687

17,759
17,721
17,709
17,662
17,460
17,236
17,211
17,003
16,871
16,500
16,210
15,985

15,215
15,182
15,152
15,102
14,907
14,698
14,671
14,425
14,246
13,892
13,591
13,361

1,044
1,051
1,078
,080
,078
,094
,101
,128
,124
,122
,139
,128

,500
,488
,479
,480
,475
,444
,439
,450
,501
,486
,480
1,496

23,086
23 , 309
23,451
23,551
23,727
23,968
24,097
24,255
24,411
24,532
24,841
25,157

21,407
21,599
21,715
21,787
21,911
22,122
22,212
22,357
22,506
22,653
22,889
23,179

,679
,710
,736
,764
1,816
1,846
1,885
1,898
1,905
1,879
1,952
1,978

13,071
13,224
13,438
13,643
13,877
14,144
14,402
14,691
14,978
15,302
15,649
16,101

,248
,260
,271
,279
,298
,316
,346
,356
,373
,393
,408
,428

2,242
2,255
2,269
2,280
2,293
2,307
2,323
2,341
2,358
2,371
2,382
2,397

2,380
2,307
2,245
2,247
2,321
2,383
2,302
2,346
2,379
2,608
2,532
2,619

1
For end-of-year figures on a statement-value basis, see last
page of table.

Digitized for FRASER


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

847

Stocks

MONEY RATES AND SECURITIES MARKETS


12.35

LIFE INSURANCE COMPANIES: ASSETS, 1945-70Continued


[Book value, in millions of dollars!

End of month

19M

Jan
Feb. . . . . . . .
Mar...
Apr

Total
assets

<Jove rninet it securities


=__...

Iota 1

State
and locai

Foreign

1 3 , 243
13,083
1 2 , 630
12,253
12,109
11 ,793
I I ,730
11 ,471
11 ,355
1 1 , 254
11 ,122
10,958

,160
,154
,161
143
, 1 43
,147
,140
,150
, 1 65
,17!
, 1 59
,142

10,893
10,765
10,737
10,463
10,309
10,324
10,347
10 199
10,244
10,297
10,195

,149
,135
,105
,093
,093
,095
,134
,138
,136
,133
,130
,126

United
Suites

June. . . . . . .
July
Aug. . . .
Sept.. . . . . .
Oct.
Nov
Dec.

64 , 296
64,539
64,822
65 , 1 56
65,496
65,727
66 , 1 28
66,455
66,777
67,181
67 , 476
67,983

1 5 , 889
15,722
15,295
14,931
14,803
14,518
14,438
1 4 , 1 84
14,103
14,033
13,855
t 3 , 672

1952 J a n . . . , , . . .
Feb.
Mar.... .
Apr
May
June,... . . .
July
Aug. . . . .
Sept.
Oct.
Nov, . . .
Dec

68,554
68,907
69,250
69 , 604
69,959
70,334
70,774
71,123
71,578
72,034
72,415
73,034

13,623
1 3 , 564
I 3 , 448
13,402
13,138
12,972
13,015
13,020
13,051
12,858
12,908
12,814

1953 - - J a n . . . . . . . .
Feb........
Mar.
Apr.. , . .
May...... .
June, . . . . . .
July
Aug
Sept. . . . . . .
Oet
..
Nov
. .
Dee,..,....

73,621
73,943
74,295
74,686
75,063
75,403
75,855
76,244
76,612
77,121
77,552
78,201

12,990
12,974
12,760
12,796
12,673
12,586
12 559
12,566
12,529
12,526
12,496
12,452

1 0 , 329
10,287
10,063
10,089
1 0 , 082
10,030
9.991
9 . 994
9,930
9,913
9,830
9,767

1954 -Jan
Feb.
Mar
Apr.. . . . . . .
May. . . . . . .
June. . . . . . .
July...
Aug
Sept
Oet.
Nov. .
Dee

78,866
79 , 24H
79 , 637
80,095
80 , 522
80,952
81,473
81 ,921
82,364
82,852
83,358
84,068

12,635
12,663
12,583
12,588
12,616
12,460
12,388
12,364
12,261
12,179
12,159
12,199

9 , 779
9,781
9,661
9,635
9,539
9 , 343
9 , 1 89
9,171
9,086
9,024
8,936
9,021

1955 Jan
.
Feb.
Mar
Apr.
May
June. . . . . . .
July.
Aug
Sept
Oet
Nov.
Dec.

84,868
85,262
85,632
86,065
86,519
86,970
87 , 638
88,087
88,529
89,016
89,495
90,267

1 2 , 506
12,479
12,315
12,330
12,261
12,239
12,292
12,369
12,325
12,236
12,096
11,757

1956 -Jan.
Feb. . . . . . . .
Mar
Apr
May
J une
July
Aim.
Sept
Oet, . , .
Nov
Dec

90,884
91,261
91,572
92,032
92,486
92.883
93,589
94 , 000
94,419
94,882
95,287
95,844

1 1 , 749
1 1 , 607
1) ,414
1 1 , 439
11 ,333
11 ,277
11,289
1 1 , 207
H , 246
1 1 , 299
11,212
10,989

May

Digitized for FRASER


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

Business securities

Total

Bonds

,486
,485
,504
535
,551
,578
, 568
,563
,583
,608
, 574
,572

25,262
25 , 394
25,645
25,956
26,204
26,521
26,709
26,968
27,142
27,371
27,544
27,949

23,289
23,412
23 , 649
23,955
24,184
24 , 504
24,685
24,929
25,088
25 , 307 i
25,455
25,882

,581
, 588
,578
,572
,582
,568 i

Stocks

Mortgages

Rent
estate

Policy
lounis

Other
assets

1,973
1,982
1 ,996
2,003
2,020
2,017
2.024
2,039
2,054
2,064
2,089
2,067

16,458
16,765
1 7 , 1 20
17,422
17,752
1 8 , 046
18,290
1 8 , 549
18,714
18,928
19,099
19,291

1,449
1,461
1 ,471
1 , 483
1 ,490
1 ,499
1 ,517
1 , 540
1 ,555
1 , 578
1 . 590
1,617

2,427
2 , -140
,461
,478
,496
,510
. S23
,536
,546
,563
, 565
. 575

2.811
2,757
2,830
2,886
2,751
2 , 633
2,651
2,678
2,717
2,708
2,823
2 , 879

,535 ,
,516
,481
,481
,493

28,226
26,135
26,361
28,458
26,689
28,807
29,090
26,963
29,476
27,338
29,776
27 , 626
30,070
27,918
30,192
28,043
30,353
28,193
30,846 ' 28,692
31,015
28,858
31 ,286
29.095

2,091
2 , 097
2,118
2,127
2,138
2,150
2,152
2,149
2,160
2,154
2,157
2,191

19,536
59,712
S 9, 870
20 , 008
20,175
20,335
20,505
20,643
20,801
20,961
21,087
21 ,245

1,624
1 , 639
1,656
1,662
1 , 674
1,693
1 , 706
1,722
1,736
1,751
1,766
1 , 868

,587
, 5') 8
612
,6.21
,633
,616
,656
,667
, 6H3
,W2
,6^8
, 6*19

2,958
2,936
2,857
2,821
2,863
2,912
2,822
2,879
2,954
2,926
2,941
3 , 1 22

,150
,160
,178
,189
,188
,195
,212
,219
,237
,247
,270
,278

.511
,527
,519
,518
,403
,361
,356
,353
,362
,366
,396
,407

31,562
31,748
32,113
32.342
32,602
32,891
33,117
33,219
33,482
33,756
33,965
34,265

29 , 343
29,514
29 , 875
30 , 087
30,332
30,622
30,847
30,949
31,187
3 1 , 454
31,650
31,926

2 219
2;234
2,238
2,255
2,270
2,269
2,270
2,270
2 29 S
2^302
2,315
2,339

21,396
21,547
21,725
21 ,897
22,055
22,221
22 , 429
22 ^52
22! 698
22,842
23,017
23,275

1 , 880
1.887

1,918
1 ,924
1,935
1 ,943
1 ,967
1 ,972
1 ,990
2,000
1 ,994

,718
727
[742
,754
.77!)
,78!-)
,4HH
,819
,831
,85!
,873
,894

3,075
3,060
3,058
2,977
3,039
2,981
2,999
3,121
3, UK)
3 , 1 56
3,201
3,321

,389
,407
,446
,481
,598
,641
,737
,754
,777
,806
,871
,833

,467
,475
,476
,472
,479
,47&
,462
,439
,398
,349
,352
,345

34,475
34,651
34,886
35,052
35,207
35,517
35,777
35,927
36,161
36,414
36,514
36,695

32,102
32 , 265
32,468
32,595
32,707
32,984
33,203
33,327
33,550
33,813
33,873
33,985

2,373
2,386
2,418
2,457
2,500
2,533
2,574
2 . 600
2,611
2,601
2,641
2,710

23,435
23 572
23,769
24,004
24,174
24,384
24,572
24,795
25,035
25 , 260
2S 574
25 [928

2,038
2,052
2,065
2,085
2,101
2, (28
2,147
2,176
2,205
2,241
2 , 260
2,275

,906
,919
,947
,966
,983
3,002
3,019
3,036
3,049
3,061
3,075
3,087

3 , 377
3,391
3,387
3,400
3,441
3,461
3 , 570
3 . 623
3 , 653
3,697
3,776
3,884

9,230
9 , 239
9 , 09 1
9,105
9,058 ,
9,046
9,096
9 , 1 80
9 , 1 29
9 , 027
8 , 89 1
8,545

,937
,974
,964
,965
,956
,957
,979
,979
,983
,990
,987
1 ,998

,339
,266
,260
,260
,247
,236
,217
,210
,213
,219
,218
,214

36,862
36,933
37,222
37,363
37,534
37,677
37,927
37,919
38,124
38,386
38,544
38,851

34,108
34,172
34,449
34,570
34,746
34,848
35,058
35,046
35,253
35,506
35,646
35,930

2,754
2,761
2,773
2,793
2,788
2,829
2,869
2.873
2 , 87 1
2,880
2,898
2,921

26,208
26,458
26,727
26,949
27,217
27 , 484
27,748
28,001
28,250
28,563
28,867
29 , 425

2,315
2,344
2,366
2,382
2 , 406
2,422
2,453
2,473
2,491
2 , 505
2 523
2,557

3,125
3,141
3 , 1 59
3,177
3,190
3 , 207
3,230
3,245
3 , 260
3,271
3 , 284
3 , 294

3 , 852
3,907
3 , 843
3,864
3,911
3,941
3,988
4 , OHO
4,079
4,055
4,181
4,383

8,393
8,236
8 , 045
8,085
7.986
7,920
7 . 884
7,775
7,799
7,846
7,745
7,519

2,123
2 , 1 43
2,153
2,153
2,139
2,147
2,191
2,207
2,212
2,216
2,228
2,234

,233
,228
,216
,201
,208
,210
,214
,225
,235
,237
,239
,236

39,144
39,381
39 , 568
39,701
39,857
39,965
40 , 297
40,438
40 , 520
40,630
40,739
40,976

36,217
2,927
2,949
36,432
36.591 ! 2 , 9 7 7
36,724
2,977
2,975
36,882
2,965
37,000
2,993
37 . 304
2.998
37 , 440
2,966
37 . 554
2,960
37 , 670
2,969
37 , 770
2,909
38,067

?,9 , 798
30,102
30,382
30,651
30,991
31 ,284
31,613
31,895
32,11 0
32,399
32,706
\ 994

2,568
2,590
2,608
2 , 623
2,645
2,672
2,712
2,726
2,746
2,779
2,815
2,829

3,308
3,325
3 , 345
3 , 365
3,385
3,4^)
3,400
3,420
3 , 440
3,461
3,483
3.5

4,317
4,256
4,255
4,253
4,275
4,276
4,278
4,314
4,357
4,314
4,332
4,551

10; 841

,557

848

i , mi

MONEY RATES AND SECURITIES MARKETS


12.35

LIFE INSURANCE COMPANIES: ASSETS, 1945-70Continued


[Book value, in millions of dollars]
Business securities

Government securities
Total
assets

End of month

Total

United
States

State
and local

Foreign

Total

Bonds

Stocks

Mortgages

Real
estate

Policy
loans

Other
assets

96,536
96,987
97,344
97,771
98,190
98,582
99,166
99 , 550
100,017
100,446
100,840
101,309

1 1 , 1 24
1 1 , 1 04
11 ,004
11,028
10,989
10,928
10,963
10,943
1 0 , 909
10,937
10,871
10,691

7,619
7,586
7,477
7,488
7,409
7,347
7,352
7,320
7,288
7,301
7,209
7,208

2,265
2,265
2,274
2,284
2,310
2,312
2,326
2,337
2,344
2,357
2,367
2,377

,240
,253
,253
,256
,270
,269
,285
,286
,277
,279
,295
,286

41,297
41,494
41,716
41 ,917
42,112
42,308
42,636
42,821
43,021
43 , 266
43,474
43 , 750

38,324
38,509
38,721
38,912
39,098
39,296
39,632
39,791
39,999
40,233
40,432
40,737

2,973
2,985
2,995
3,005
3,014
3,012
3,004
3,030
3,022
3,033
3,042
3,013

33,316
33,521
33,718
33,890
34,076
34,220
34,383
34,578
34,732
34,902
35,034
35,271

2,828
2,852
2,868
2,889
2,929
2,963
2,994
3,02J
3,047
3,072
3,098
3,120

3,545
3,569
3,598
3,627
3,657
3,681
3,707
3,735
3,769
3,807
3,839
3,872

4,426
4,447
4,440
4,420
4,427
4,482
4,483
4,452
4,539
4,462
4,524
4,605

101,967
102,325
; 102,734
103,114
103,578
104,084
104,666
105,151
105,604
106,191
106,667
1 07 , 580

10,921
10,960
10,862
10,909
10,887
10,970
11,157
1 1 , 240
11,263
11,296
1 1 , 344
1 1 . 242

7,194
7,210
7,086
7,100
7,029
7,074
7,246
7,290
7,294
7,305
7,324
7,182

2,427
2,439
2,463
2,477
2,506
2,540
2,564
2,601
2,621
2,647
2,679
2,691

,300
,311
,313
,332
,352
,356
,347
,349
,348
,344
,341
. ,369

43,984
44,147
44,416
44,638
44,818
45,037
45,258
45,411
45,635
45,956
46,099
46,420

40,956
41,070
41 , 303
41,515
41,682
41,859
42,075
42,238
42,415
42,738
42,874
43,044

3,028
3,077
3,113
3,123
3,136
3,178
3,183
3,173
3,220
3,218
3,225
3,376

35,447
35,584
35,726
35,841
35,959
36,061
36,189
36,328
36,470
36,656
36,801
37,092

3,152
3,171
3,196
3,227
3,249
3,286
3,313
3,365
3,393
3,406
3,429
3,387

3,906
3,938
3,972
4,005
4,032
4,059
4,080
4,102
4,124
4,148
4,164
4,186

4,557
4,525
4,562
4 , 494
4,633
4,671
4,669
4,705
4,719
4,729
4,830
'5,253

1 08 , 203
108,644
108,970
109,492
109,967
110,456
111 ,114
111,614
I U , 809
112,364
112,859
U 3 , 650

1 1 , 580
1 1 , 565
11,458
1 1 , 544
1 1 , 629
1 1 , 67 1
11,843
11,975
11,817
1 1 , 826
11,725
1 1 , 599

7,461
7 , 392
7 , 209
7 , 228
7,213
7,223
7,262
7,357
7,176
7,158
7,026
6,858

2,730
2,768
2.839
2,890
2,972
3,006
3,116
3,147
3,165
3,179
3,197
3,221

,389
,405
,410
,426
,444
,442
,465
,471
,476
,489
,502
,520

46,607
46,834
47,078
47 , 349
47 , 539
47 , 779
47,981
48,061
48,176
48 , 390
48,595
48 , 840

43,225
43,432
43 , 642
43,891
44,002
44,281
44,444
44,516
44,624
44,816
44,988
45,157

3,382
3,402
3,436
3,458
3,477
3 , 498
3,537
3,545
3,552
3,574
3 , 607
3,683

37,230
37,356
37,493
37,603
37,729
37,885
38,079
38,246
38;453
38,698
38,933
39,237

3,404
3,425
3,459
3,481
3 , 506
3,531
3 , 574
3,603
3,621
3,626
3 , 666
3,678

4,213
4,240
4,272
4,305
4,334
4,367
4,398
4,434
4,475
4,524
4,569
4,620

5,169
5,224
5,210
5,210
5,230
5,223
5,239
5,295
5 , 267
5 , 300
5,371
5,676

I960 Jan
Feb..
Mar
Apr.
May
June
July
Auti.
Sept
Oct.
Nov
Dec.

114,300
114,727
115,004
115,418
115,902
116,365
116,947
117,477
117,847
118,427
118,923
119,576

11,788
11,817
1 1 , 707
11,653
1 1 , 624
1 1 , 542
1 1 , 625
1 1 , 643
11,726
11,704
11,760
11,699

7,029
6,984
6,821
6,735
6,672
6,570
6,622
6,577
6,575
6,513
6,531
6,428

3,231
3,267
3,304
3,329
3,358
3,377
3,401
3,447
3,529
3,562
3,588
3,606

,528
,566
,582
,589
,594
,595
,602
,619
,622
,629
,641
,665

48,979
49,097
49 , 220
49 , 365
49 , 622
49,834
50,066
50 , 270
50,341
50,646
50,847
51,053

45,283
45,381
45 , 520
45,650
45,870
46,030
46,215
46,364
46,428
46,675
46,838
46,967

3,696
3,716
3,700
3,715
3,752
3,804
3,851
3,906
3,913
3,971
4,009
4,086

39,519
39,710
39,946
40,164
40,373
40,560
40 , 7 1 3
40,940
41,119
41,336
41,533
41,815

3,697
3,708
3,722
3,731
3,773
3,795
3,804
3,819
3,825
3,832
3,846
3,796

4,666
4,723
4,788
4,850
4,908
4,968
5,013
5,069
5,114
5,155
5,195
5,233

5,651
5,672
5,621
5,655
5,602
5,666
5,726
5,736
5,722
5,754
5,742
5,980

1961 Jan.
Feb
Mar
Apr.
May
June
July
Aug. . .
Sept.
Oct
Nov
Dec. . .

120,429
120,913
121,443
122,039
122,589
122,998
1 23 , 642
124,170
124,691
125,356
126,007
126,816

11,911
11,979
12,017
12,025
12,087
11,982
12,073
12,117
12,105
12,138
12,161
11,915 ;

6,553
6,551
6,544
6,501
6,521
6,409
6,479
6,479
6,428
6,442
6,396
6,135

3,655
3,682
3,710
3,744
3,745
3,744
3,765
3,795
3,822
3,835
3,879
3,902

,703
,746
,763
,780
,821
,829
,829
,843
,855
,861
,886
,878

51,331
51,466
51,629
51 ,870
52,039
52,310
52,618
52,826
53,033
53,318
53,548
53,967

47 , 1 82
47 , 255
47 , 334
47,556
47,638
47,902
48.178
48,356
48,510
48,745
48,921
49 , 1 49

4,149
4,211
4,295
4,314
4,401
4,408
4,440
4,470
4,523
4,573
4,627
4,818

42,001
42,142
42,365
42,627
42,800
42,987
43,096
43 , 263
43 , 427
43,631
43,868
44,250

3,856
3,863
3,865
3,867
3,875
3,893
3,912
3,943
3,956
3,974
3,990
4,011

5,272
5,311
5,375
5,437
5,482
5,525
5,558
5,597
5,636
5,670
5,701
5,735

6,058
6,152
6,192
6,213
6,306
6,301
6,385
6,424
6,534
6,625
6,739
6,938

1962- Jan
Feb. . .
Mar.
Apr
May.......
June
July
Aug
Sept. . . . . . .
Oct
Nov
Dec

127,553
127,995
128,351
1 28 , 808
1 29 , 1 68
! 29 , 377
130,058
130,661
131,134
131,813
132,584
133,291

12,170
12,218
12,271
12,360
12,349
12,263
12,397
12,435
12,425
12,582
1 2 , 694
12,469

6,358
6,383
6,307
6,398
6,374
6,279
6,400
6,379
6,331
6,359
6,395
6,171

3,931
3,934
4,051
4,036
4,024
4,036
4,047
4,072
4,084
4,063
4,046
4,037

,881
,901
,913
,926
,951
,948
,950
,984
2,010
2,160
2,253
2,261

54,318
54,535 ;
54,719
54,976
55,299
55,462
55,715
55,941
56,171
56,371
56,511
56,565

49 479
49; 653
49,811
50,034
50,304
50,483
50,717
50,921
51,110
51,264
51,370
51,389

4,839
4,882
4,908
4,942
4,995
4,979
4,998
5,020
2,061
5,107
5,141
5,176

44,399
44,513
44,656
44,775
44,972
45,170
45 , 309
45,546
45,724
46,020
46,352
46,957

4,018
4,032
4,036
4,056
4,071
4,089
4,095
4,103
4,108
4,119
4,128
4,114

5,784
5,808
5,850
5,895
5,942
5,996
6,040
6,086
6,125
6,166
6,204
6,235

6,864
6,889
6,819
6,746
6,535
6,397
6,502
6,550
6,581
6,555
6,695
6,951

1957 Jan
Fcb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec.

1958 Jan
Feb
Mar
A pi'.

May
Juno
July
Aug
Sept.
Oct
Nov..
Dec.

1959 Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

. ..

Digitized for FRASER


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

849

MONEY RATES AND SECURITIES MARKETS


12.35

LIFE INSURANCE COMPANIES: ASSETS, 1945 70Continued


[Book value, in millions o'f dollars]
Government securities

End of month

Total
assets

Total

134,212
134,683
135,151
135,780
136,396
136,864
137,603
138,314
138,878
139,596
140,215
141,121

12,915
12,940
12,757
12,728
12,561
12,448'
12,550
12,558
12,548
12,559
12,518
12,464

6,304
6,233
6,022
6,003
5,840
5,746
5,836
5,817
5,841
5,865
5,837
5,813

4,069
4,059
4,041
4,014
3,972
3,952
3,951
3,931 !
3,890
3,887 1
3,880
3,868

1964 Jan. .
Feb
Mar
Apr,
May, . , ,
June, . , , ,
July
Aug, . , .
Sept,
Oct
Nov
Dec. . . .

141,889
142,520
143,066
143,659
144,321
144,978
145,786
146,454
147,189
147,995
148,806
149,470

12,516
12,581
12,488
12,445
12,514
12,428
12,504
12,547
12,605
12,617
12,581
12,343

5,847
5,864
5,788
5,744
5,802
5,715
5,788
5,805
5,840
5,840
5,780
5,594

1965 Jan
Feb .
Mar.
Apr
May
June
July
AUK
Sept.
Oct
Nov.
Dec

150,445
151,070
151,707
152,310
153,063
153,654
154,586
155,387
156,363
157,145
157,928
158,884

12,598
12,605
12,399
12,370
12,324
12,094
12,056
12,033
11,967
11,843
11,794
11,703

160,123
160,659
161,346
162,004
162,574
163,081
163,796
164,276
164,860
165,848
166,662
167,455

1967Jan
Feb
Mar.
Apr
May
June. . . . . .
July,
Aug. . . . . .
Sept
Oct.......
Nov
Dee
1968Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov.
Dec

1963 Jan
Feb
Mar
Apr.
May
July
Aug
Sept
Oct
Nov.
Dec

1966 -Jan
Feb
Mar
Apr
May
June
July
AUK.
Sept
Oct
Nov
Dec.

,,,

. ..

. ..
, ..

. ..

Digitized for FRASER


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

United
States

State
and local

Business securities
Mortgages

Real
estate

Other
assets

Policy
loans

Total

Bonds

2,542
2,648
2,694
2,711
2,749
2,750
2,763
2,810
2,817
2,807
2,801
2,783

56,750
56,966
57,275
57,554
57,928
58,168
58,486
58,688
58,848
59,157
59,527
59,434

51,519
51,711
51,953
52,202
52,572
52,744
53,043
53,197
53,302
53,613
53,964
53,770

5,231
5,255
5,322
5,352
5,356
5,424
5,443
5,491
5,546
5,544
5,563
5,664

47,172
47,311
47,581
47,866
48,113
48,367
48,672
48,980
49,260
49,570
49,854
50,596

4,148
4,164
4,171
4,193
4,203
4,232
4,254
4,303
4,321
4,333
4,343
4,325

6,271
6,306
6,349
6,396
6,433
6,474
6,507
6,538
6,569
6,598
6,622
6,656

6,956
6,996
7,018
7,043
7,158
7,175
7,134
7,247
7,332
7 , 379
7,351
7,646

3,868
3,866
3,858
3,853
3,826
3,816
3,801
3,811
3,833
3,849
3,821
3,785

2,801
2,851
2,842 f
2,848 i
2,886
2,897
2,915
2,931
2,932
2,928
2t980
2,964

54,279
54,372
54,430
54,630
54,790
54,899
55,216
55,239
55,275
55,495
55,671
55,735

5,714
5,752
5,839
5,888
5,920
5,994
6,039
6,098
6,156
6,187
6,255
6,377

50,896
51,185
51,506
51,871
52,187
52,538
52,833
53,177
53,571
54,001
54,422
55,197

4,342
4,339
4,356
4,365
4,381
4,403
4,451
4,467
4,494
4,507
4,527
4,534

6,692
6,731
6,778
6,829
6,866
6,912
6,951
6,991
7,02.0
7,066
7,101
7,141

7,450
7,560
7,669
7,631
7,663
7,804
7,792
7,935
8,058
8,122
8,249
8,143

5,816
5,833
5,639
5,601
5,576
5,358
5,335
5,353
5,298
5,207
5,161
5,119

3,800
3,772
3,758
3,738
3,723
3,687
3,667
3,624
3,609
3,579
3,562
3,546

2,982
3,000
3,002
3,031
3,025
3,049
3,054
3,056
3,060
3,057
3,051
3,038

59,993
60,124
60,269
60,518
60,710
60,893
61,255
61,337
61,431
61,682
61,926
62,112
62,445
6Z.661
62,969
63,114
63,514
63,866
64,445
64,737
65,034
65,572
65,856
65,801

56,047
56,206
56,428
56,564
56,882
57,154
57,661
57,902
58,034
58,451
58,666
58,532

6,398
6,455
6,541
6,550
6,632
6,712
6,784
6,835
7,000
7,121
7,190
7,269

55,649
55,947
56,362
56,705
57,013
57,396
57,718
58,073
58,454
58,867
59,322
60,057

4,549
4,573
4,582
4,585
4,596
4,630
4,631
4,653
4,676
4,684
4,698
4,686

7,173
7,213
7,271)
7,326
7,371
7,420
7,474
7,520
7,562
7,599
7,633
7,679

8,031
8,071
8,125
8,210
8,245
8,248
8,262
8,371
8,670
8,580
8,645
8,958

11,941
11,939
1 1 , 764
11,657
11,585
11,290
11,228
11,188
11,124
11,108
11,088
11,124

5,260
5,281
5,171
5,146
5,111
4,921
4,904
4,886
4,852
4,875
4,895
4,921

3,645
3,623
3,556
3,470
3,431
3,383
3,372
3,365
3,337
3,296
3,263
3,277

3,036
3,035
3,037
3,041
3,043
2,986
2,952
2,937
2,935
2,937
2,930
2,926

66,397
66,523
67,073
67,341
67,484
67,764
68,106
68,256
68,246
68,482
68,747
68,776

59,054
59,191
59,743
60,004
60,098
60,347
60,649
60,806
60,857
61,029
61,256
61,196

7,343
7,332
7,330
7,337
7,386
7,417 ;
7,457
7,450
7,389
7,453
7,491
7,580

60,514
60,840
61,278
61,724
62,110
62,557
62,921
63,274
63,615
63,917
64,227
64,661

4,696
4,706
4,728
4,738
4,742
4,750
4,783
4,788
4,822
4,844
4,848
4,890

7,72g
7,775
7,862
7,964
8,062
8,174
8,276
8,435
8,658
8,849
8,986
9,119

8,847
8,876
8,641
8,580
8,591
8,546
8,482
8335
8,395
8,648
8,766
8,885

168,582
169,260
170,063
170,851
171,626
172,373
173,524
174,311
175,175
175,880
176,734
177,832

11,113
11,060
11,032
10,892
10,930
10,799
10,822
10,867
10,825
10,854
10,851
10,813

4,905
4,874
4,855
4,752
4,797
4,690
4,714
4,761
4,717
4,734
4,722
4,683

3,271
3,250
3,234
3,192
3,179
3,174
3,164
3,155
3,146
3,157
3,161
3,162

2,937
2,936
2,943
2,948
2,954
2,935
2,944
2,951
2,962
2,963
2,968
2,968

69,388
69,705
70,155
70,664
71,012
71,499
72,161
72,661
73,117
73,620
74,037
74,107

61,735
61,994
62,228
62,608
62,858
63,251
63,796
64,182
64,494
64,888
65,164
65,074 i

7,653
7,711
7,927
8,056
8,154
8,248
8,365
8,479
8,623 1
8,732
8,873 1
9,033

64,996
65,267
65,522
65,767 ,
66,031
66,181
66,318
66,505
66,704
66,875
67,098
67,576

4,905
4,909
4,941
4,973
4,986
5,022
5,038 !
5,060
5,089
5,114
5,170
5,190

9,222
9,303
9,397
9,499
9,582
9,671
9,734
9,805
9,861
9,916
9,978
10,060

178,643
179,102
179,817
180,727
181,602
182,504
183,492
184,275
185,236
186,258
187,550
188,636

10,858
10,902
10,892
10,823
10,906
10,683
10,722
10,744
10,761
10,831
10,795
10,760

4,670
4,706
4,678
4,590
4,668
4,447
4,480
4,510
4,528
4,557
4,500
4,456

3,170
3,173
3,190
3,202
3,200
3,187
3,206
3,194
3,181
3,199 !
3,209
3,206

3,OIS
3,023
3,024
3,031
3,038
3,049
3,036
3,040
3,052
3,075
3,086
3,098

74,935
75,305
75,774
76,093
76,461
77,074
77,616
77,949
78,319
78,994
79,573
79,653

65,859 i
66,125
66,411
66,652
66,855
67,273
67,672
67,897
68,074
68,507
68,900
68,731

9,076 1
9,180
9,363
9,441
9,606
9,801
9,944
10,052
10,245
10,487
10,673
10,922

67,733
67,834
68,035
68,112 I
68,317
68,483
68,683
68,881
68,993
69,177
69,368
70,044

5,211
5,243
5,271 ,
5,309
5,342
5,369
5,429
5,484
5,512
5,531
5,562
5,575

10,140
10,224
10,336
10,445
10,569
10,697 '
10,824 I
10,942
11,042
11.134
11,219
11,305

Foreign

850

Stocks

8,958
9,016
9,016
9,056
9,085
9,201
9,451
9,413
9,579
9,501
9,600
10,086
9,766
9,594
9,509
9,945
10,007
10t198
10,218
10,275
10,609
10,591
11,033
11,299

MONEY RATES AND SECURITIES MARKETS


12.35

LIFE INSURANCE COMPANIES: ASSETS, 1945-70Continued


{Statement value, in millions of dollars]
Business securities

Government securities
End of month

Total
assets

Total

United
States

State
and local

Foreign

Total

Bonds

Stocks

Mortgages

Real
estate

Policy
loans

Other
assets

1969 Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

189,649
190,047
190,933
191,553
192,341
192,549
193,019
194,044
194,857
196,020
196,696
197,208

10,895
10,850
10,783
10,736
10,736
10,582
10,575
10,549
10,521
10,496
10,519
10,524

4,468
4,434
4,339
4,274
4,279
4,129
4,132
4,127
4,088
4,072
4,101
4,124

3,209
3,215
3,230
3,236
3,226
3,224
3,223
3,233
3,224
3,234
3,232
3,221

3,218
3,201
3,214
3,226
3,231
3,229
3,220
3,196
3,209
3,190
3,186
3,179

82,658
82,684
83,242
83,511
83,913
83,841
83,643
84,137
84,396
85,080
85,251
84,956

69,404
69,676
69,946
70,017
70,206
70,316
70,606
70,760
70,998
71,306
71,671
71,249

13,254
13,008
13,296
13,494
13,707
13,525
13,037
13,377
13,398
13,774
13,580
13,707

70,102
70,254
70,371
70,548
70,697
70,833
71,020
71,184
71,355
71,493
71,625
72,027

5,615
5,640
5,693
5,676
5,702
5,742
5,811
5,823
5,829
5,872
5,920
5,912

11,421
11,559
11,725
11,930
12,119
12,361
12,659
12,929
13,182
13,419
13,594
13,825

8,958
9,060
9,119
9,152
9,174
9,190
9,311
9,422
9,574
9,660
9,787
9,964

1970Jan
Feb
MaiApr
May
June
July
Aug
Sept
Oct
Nov
Dec

197,924
198,808
199,708
, 199,574
199,598
200,090
201,487
202,498
203,807
204,760
205,905
207,254

10,573
10,548
10,514
10,419
10,482
10,412
10,680
10,683
10,610
10,585
10,629
10,536

4,168
4,120
4,080
3,993
4,051
4,014
4,239
4,230
4,147
4,113
4,156
4,042

3,226
3,232
3,235
3,231
3,235
3,229
3,258
3,261
3,272
3,287
3,293
3,306

3,179
3,196
3,199
3,195
3,196
3,169
3,183
3,192
3,191
3,185
3,180
3,188

85,657
85,833
86,002
85,799
85,358
85,351
86,132
86,638
87,534
88,123
88,711
89,050

72,034
72,177
72,150
72,407
72,548
72,534
72,901
73,194
73,596
74,070
'74,315
73,630

13,623
13,656
13,852
13,392
12,810
12,817
13,231
13,444
13,938
14,053
14,396
15,420

72,263
72,448
72,673
72,846
73,024
73,227
73,388
73,465
73,582
73,775
73,893
74,375

5,949
5,975
6,004
6,042
6,077
6,116
6,159
6,180
6,208
6,257
6,284
6,320

14,067
14,302
14,544
14,771
14,967
15,191
15,375
15,541
15,703
15,843
15,950
16,064

9,415
9,702
9,971
9,697
9,690
9,793
9,753
9,991
10,170
10,177
10,438
10,909

Digitized for FRASER


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

851

MONEY RATES AND SECURITIES MARKETS


12.36

ASSETS AND SAVINGS ACCOUNTS OF CREDIT UNIONS, 1934-70


[In millions of dollars]

Assets

End of
period

Total

1934

Loans

Savings
accounts

40

28

28

50
83
116
147
194

36
59
78
108
149

39
68
98
126
169

253
323
341
356
398

191
220
149
123
121

222
287
303
323
354

435
495
591
701
827

126
187
280
398
516

383
451
534
630
730

1950
1951
1952
1953
1954

1,005
1,198
1,516
1,895
2,270

680
747
985
1,308
1,552

884
1 ,080
1,356
1,690
2,041

1955
195(5
1957
1958
1959

2,743
3,271
3,810
4,347
5,029

1,934
2,326
2,778
3,078
3,718

2,447
2,914
3,382
3,869
4,441

1960
1961
1962
1963
1964

5,659
6,382
7,188
8,130
9,359

4,402
4,852
5,478
6,171
7,048

4,981
5,639
6,332
7,165
8,225

10,551
11 ,607
12,766
14,212
15,918

8,098
9,093
9,881
11,295
12,958

9,220
10,071
11,103
12,312
13,740

17,950

14,106

15,486

2,738
2,764
2,818
2,872
2,926
2,972
3,005
3,059
3,106
3,163
3,220
3,271

1,915
1,944
1,982
2,019
2,063
2,112
2,147
2,200
2,231
2,264
2,293
2,326

2,484
2,507
2,544
2,569
2,613
2,657
2,682
2,705
2,742
2,799
2,850
2,914

1957 Jan.
Feb
. ..
Mar
Apr
May , . .
June
July
Aug
Sept,
Oct
...
Nov
Dec

3,252
3,284
3,340
3,377
3,437
3,504
3,531
3 , 574
3,642
3,706
3,760
3,810

2,322
2,356
2,392
2,448
2,496
2,559
2,615
2,674
2,708
2,740
2,751
2,778

2,951
2,971
3,009
3,031
3,076
3,119
3,144
3,167
3,204
3,261
3,313
3,382

1958 Jan.
Feb
Mar.
Apr.
May
June
July .
Aug.
Sept. . .
Oct.
Nov.
Dec

3,779
3,802
3,851
3,885
3,953
3,995
4,033
4,081
4,155
4,220
4,286
4,347

2,748
2,751
2,766
2,812
2,837
2,876
2,919
2,960
2,984
3,012
3,033
3,078

3,419
3,440
3,480
3 , 504
3,551
3,592
3,617
3,636
3,679
3,739
3,797
3,869

1935 .
1936
1937
1938
1939

. . .

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949

. .

.......

1965
1966
1967
1968
1969

. . . .

1970
1956 -Jan
Feb
Mar, .
Apr
May
June
July
Aug
Sept
Get
. ...
Dec.

. .

Assets
End of
month

Total

Total

Loans

Savings
accounts

1959- Jan
Feb
Mar
Apr
May
June
Julv
Aug
Sept
Get
Nov. . . . . . .
Dec. . . . . . . .

4,326
4,363
4,429
4,494
4,569
4,626
4,681
4,742
4,817
4,892
4,964
5,029

3,053
3,079
3,136
3,209
3,267
3,361
3,421
3,490
3,551
3,616
3,668
3,718

3,916
3,939
3,985
4,013
4,064
4,116
4,146
4,173
4,220
4,291
4,354
4,441

1965 Jan.
Feb........
Mar. . . . .
Apr.... . . . .
May.......
June. . . . . . .
July.......
Aug. . . . . . .
Sept. . . . . . .
Get........
Nov. . . . . . .
Dec. . . . . . .

9,237
9,333
9,475
9,578
9,709
9,877
9,890
10,011
10,149
10,278
10,429
10,551

6,984
7 ,026
7,141
7,316
7,447
7,614
7,711
7,835
7,899
7,939
8,010
8,098

I960- Jan
Feb
Mar..
Apr
May
June
...
July
Aug
Sept
Get
Nov. . . . . . .
Dec...

4,979
5,009
5,086
5,148
5,221
5,278
5 302
5,359
5,438
5,513
5,600
5,659

3,703
3,748
3,824
3,927
4,005
4,105
4,156
4,233
4,281
4,318
4,359
4,402

4,487
4,504
4,548
4,567
4,625
4,672
4,691
4,708
4,753
4,829
4,891
4,981

1966Jan.. .
Feb. . . . . . . .
Mar
..
Apr. . . . .
May.......
June... . . . .
July
Aug. . . . . . .
Sept
...
Oct
Nov
Dec, ...

10,409
10,486
10,621
10,711
10,870
11,042
1 1 ,004
11,085
11,228
11,344
11,489
11,607

8,008
8 ',035
8,151
8,261
8,385
8,564
8,644 1
8,808
8,884
8,943
9/023
9 ,093

9,275
9,323
9,391
9,437
9 , 524
9,626
9,633
9,645
9,720
9,829
9 ,937
10,071

1961- Jan.
Feb.
Mar
Apr
May.
June
July
Aug..
Sept. . . . . . .
Get
Nov.
Dec.

5,599
5,642
5,711
5,777
5,852
5,933
5,976
6,050
6,129
6,215
6,311
6,382

4,355
4,358
4,393
4,434
4,493
4,580
4,625
4,693
4,728
4,768
4,815
4,852

5,031
5,054
5,106
5,131
5,286
5,25)
5 , 278
5,309
5,364
5,456
5,531
5,639

1967

11,395
11,495
11,651
11,753
11,937
12,128
12,094
12,199
12,336
12,499
12,665
12,776

8,986
8,977
9,053
9,147
9,270
9,457
9 , M)3
9,659
9,109
9,748
9,814
9,881

10,071
10,133
10,249
10,321
10,439
10,573
10,584
10,627
10,727
10,843
10,975
11,103

1962 - Jan
Feb. . . . . . . .
Mar
Apr.. . . . . . .
May.......
June,
July . . . . . .
,
Aug
Sept.
Oet
Nov. . . . . . . i
;
Dee

6,308
6,361
6,476
6,541
6,628
6,719
6,746
6,836
6,929
7,018
7,098 !
7,188

4,795
4,795
4,836
4,924
5,017
5,114
5,175
5,270
5,301
5,365 1
5,422
5,478

5,698
5,733
5,802
5,S22
5,880
5,939
5,959
5,992
6,048
6, US
6,224
6,331

1968-Jan..

12,593
12,713
12,898
13,047
13,287
13,465
13,420
13,510
13,655
Oct.. . . . . . . 13,862
Nov. . . . . . . 14,081
14,212
Dec

9,788
9,826
9,8<)6
10,052
10,209
10,411
10,545
10,733
10,883
11,026
11, 1M
11,295

11,141
11,214
11,348
11,426
11,599
11,742
11,715
11,770
11,852
12,009
12,181
12,312

1963 Jan
Feb,
Mar. . . . . . .
Apr........

7,121
7,167
7,278
7,355
7,491
7,568
7,632
7,724
7,828
7,937
8,052
8,130

5,437
5,449
5,499
5,595
5,692
5,803
5,876
5,965
6,001
6,073
6,505
6,171

6,399
6,437
6,518
6,553
6,639
6,691
6,731
6,767
6,831
6,940
7,058
7,165

1969 Jan
Feb
Mar. .

14,099
14,234
14,455
14,603
A nr
M a y . . . . . . . 14,864
15,075
June...
July . . . . . . 15,072
15,186
Sept. . . . . . . 15,390
15,572
Oct
15,778
tiff*
15,918

11,238
11,315
11,473
11,725
1 1 ,953
12,211
2,344
2,53')
2 , 69,5
2,8tW
2,86*7
2,958

12,416
12,518
12,671
12,742
12,916
13,046
13,065
13,110
13,238
13,408
13,572
13,740

15,785
1970 Jan.
Feb
15,918
16,177
Mar. . .
Apr,..,. . . . 16,357
16,631
May...
16,870
J u l y . . . . . . . 16,850
16,978
Sspt. . . . . . . 17,216
17,473
Oct........
17,716
Nov
17,950
Dee.

2,827
2 , 829
2,916
13,071
13,190
13,501
13,631
13,814
13,951
13,985
14,017
14,106

13,837
1 3 ,924
14,114
14,235
14,432
14,607
14,639
14,679
14,838
15,058
15,228
15,486

June . . . . . .
July....... 1
AUK,
Sept
Oct.. . . . . . .
Nov. . . . . .
Dec.

1964 J a n . .
Feb
Mar
Apr.
May
June. . . . . . .
July
Aut*
Sept.
Oct..
Nov
i
Dec..

6,124
8,058
6,152
8,143
6,206
8,261
8,377
6,317
8,510
6,431
8,654
6,557
8,716 ! 6,673
8,815
6,778
8,943
6,863
9,099
6,914 I
9,243
6,958
9,359
7,048

NoteData are from the National Credit Union Administration.

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Loans

As<ets

End of
month

Savings
accounts

852

7,244
7,298
7,357
7,431
7,541
7,635
7,690
7,739
7,828
7,964
8,084
8,225

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

Mar. .
A or
May.......
June . . . . . . .
July
Aug. . . . . . .

...

8,276
8,332
8,398
8,449
8,540
8,644
8,679
8.711
8,796
8,945
9,073
9 ,220

MONEY RATES AND SECURITIES MARKETS


12.37

ASSETS OF PRIVATE AND PUBLIC PENSION FUNDS, BY TYPE OF FUND, 1950-70


[Book value, in billions of dollars]
Private funds

Public funds

All

End of year

types

Total

Insured

Noninsured

Total

State
and
local
government

U.S. Government
Federal
OAIS

1950
1951
1952
1953
1954

37.8
43.6
50.2
56.2
62.9

12.0
14.5
17.3
20.4
23.7

5.6
6.6
7 7
8.8
10.0

6.5
8.0
9.7
11.7
13.8

25.8
29.1
32 8
35.7
39.2

5.3
6.1
7 0
8 0
9.2

13.7
15.5
17 4
18 7
20.6

1955
1956
1957
1958
1959

69.6
76.7
84.0
91.6
99.0

27.4
31.4
36.1
40.9
46.6

11.3
12.5
14.1
15.6
17.6

16.2
18.9
22.1
25.2
29.1

42.2
45.3
47.9
50.8
52.4

10.5
11.9
13.4
15.2
17.1

21.7
22.5
22.4
21.9
20.1

i960
1961
1962
1963
1964

108.2
116.9
124.7
134.8
147.3

52.0
57.8
63.5
69.9
77.7

18.8
20.2
21.6
23.3
25.2

33.1
37.5
41.9
46.6
52.4

56.2
59.1
61.2
65.0
69.7

19.3
21 7
24.2
26.9
29.9

1965
1966
1967
1968
1969

159.4
176.4
196.4
216.8
239.6

86.5
95.6
106.3
118.0
128.5

27.4
29.4
32.0
35.0
37.9

59.2
66.2
74.2
83.1
90.6

7219
80.8
90.1
98.7
111.2

1970

261.9

138.2

41.2

97.0

123.7

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853

Federal
disability
insurance

Civil
service

Railroad
retirement

4.2
4.8
5 4
5 7
6.0

2.6
2.7
3 0
3 3
3.4

6
1.4
L.8

6 5
7.3
7 8
8.7
9.6

3 5
3.6
3 6
3.6
3.7

20.3
19 7
18.3
18.5
19.1

2.3
2 4
2.4
2.2
2.0

10.5
H 5
12.6
13.5
14.7

3.7
3 7
3.7
3.8
3.8

33.2
37.4
41.5
46.3
51.8

18.2
20.6
24.2
25.7
30.1

1.6
1.7
2.0
3.0
4.1

15.9
17.0
18.1
19.4
20.8

3.9
4.1
4.2
4.2
4.3

58.1

32.5

5.6

23.1

4.4

MONEY RATES AND SECURITIES MARKETS


12.38

TYPES OF ASSETS HELD BY PRIVATE NONINSURED PENSION FUNDS, 1950-70


[In millions of dollars!
|

Total

End of
year

Cash
and
deposits

U.S.
Govt.
securities

Corporate
and
other
bonds

(Common stock

Preferred
stock
1!

- :, -

Total

Own
company

Other
companies

Mtrtgu^s

Other
assets

BOOK VALUE
2,828
3,483
4,548
5,647
6,907

304
373
433
496
558

802
985
1 ,410
1,896
2 , 596

232
246
297
342
382

570
739
1,113
1 ,554
2,214

102
120
149
192
.238

186
22H
286
376
449

2,992
2,799
2,575
2,567
2,811

7,856
9,475
11,337
1 2 , 842
14,085

612
672
718
770
772

3,354
4,283
5,390
6,824
8,674

434
505
5B4
652
824

2,920
3,778
4,806
6,172
7,850

J21
449
S83

43

591
841
958
,041
,186

546
660
707
773
890

2,683
2,715
2,925
3,049
3,193

1 5 , 699
16,882
18,101
19,560
21,418

776
762
750
712
650

10,734
1 3 , 342
15,728
18,118
20,953

886
? ,039
1 ,184
1,335
1,551

9.B48
12,303
14,544
16,783
1 9 , 402

1,301
1 , 560
1 ,876
2,220
2,778

, W)
,590
, 805
2,122
2,537

59 , 1 85
66,170
74,240
83,072
90 , 579

940
900
1 ,320
I ,592
1,619

2,994
2,751
2 , 324
2,756
2,792

23 , 1 29
25,231
26,355
27 ,000
27,613

750
790
980
1,332
1 ,75?

25,117
29,067
34,946
41 ,740
47 , 862

1 ,827
2,092
2,563
2,836
3,062

23,290
26,975
32,383
38,904
44,800

3,335
3,911
4,083
4,007
4,2?6

2,870
3,520
4,232
4,585
4,720

97,011

1,804

3,029

29,666

1,736

51 ,744

3,330

48,414

4,172

4,860

1950
1951
1952. .
1953
1954

6,452
7,963
9,614
1 1 , 628
13,787

264
329
310
366
357

1,966
2,445
2,478
2,655
2,682 j

1955.
1956
1957
1958... .
1959

16,141
18,934
22,027
25,282
29,052

415
415
466
496
535

1960
1961
1 962 . . .
1963
1964

33,138
37,511
4! ,892
46,554
52,419

1965
1966 .
1967
1968
1969

1970

MAR KET VALU*

1955..
1956
1957
1958.. .
1959

18,053
20,048
22,710
28,167
32,374

415
415
466
496
535

2,938
2,675
2,516
2,441
2,619

7,702
8,604
10,700
11,883
12,525

624
625
652
720
704

5,461
6,440
6,837
10,841
13,821

933
864
860
1,303
1 ,802

4,528
5,576
5,977
9,538
12,019

I960....
1961
1962
1963
1964

37,077
45,259
46,730
54,617
63,909

546
660
707
773
890

2,655
2,664
2,907
3,002
3,161

14,629
15,910
17,509
18,772
20.732

718
730
731
707
663

15,827
22,126
21,164
26,963
33,042

2,004
3,009
2 , 564
3,124
4,028

13,823
19,117
18,600
23,839
29,014

1,304
1,564
1,889
2,242
2,805

,398
,605
,823
2,158
2,613

72,898
72 , 840
85,452
96,013
94,632

940
900
1 ,320
1 ,592
1,619

2,913
2,709
2,207
2,615 i
2,568 |

21 ,949
22,480
22,612
22,437
21,262

768
751
1,027
1,351
1,598

39 ,986
38,717
50,077
60,105
59 , 827

4,375
3,501
5,000
5,764
5,775

35,611
35,216
45,077
54,341
54,052

3,391
3,789
4,001
3,578
3,461

2,950
3,491
4,206
4,332
4,295

104,737

1,804

2,998

24,919

1,631

65,456

6,038

59,418

3,504

4,422

1965
1966
1 967
1968
1969
1970

NOTE .Includes deferred profit-sharing funds and pension funds of


corporations, unions, multi-employer groups, and nonprofit organizations. Data are from Securities and Exchange Commission.

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854

44S
582
743
98'' 1

592
841
957
,043
,183

Section 13

U.S. GOVERNMENT FINANCE


Contents
INTRODUCTION

857

FISCAL OPERATIONS

857

PUBLIC DEBT AND AGENCY


SECURITIES

859

PUBLIC DEBT OWNERSHIP

861

APPENDIX A: SOURCES OF DATA 863

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855

Tables

13.1

Fiscal OperationsU.S. Budget


A. Summary and Means of Financing, Fiscal Years, 1940-70;
Monthly, July 1967-December 1970 ____.._.______..,, 865
B. Types of Budget Receipts and Outlays, Fiscal Years, 1940-70___^_,,= 866
C. Resultant Selected Balances, Fiscal Years, 1940-70;
Monthly, July 1967-December 1970 _______-_...-_ 867
13.2 U.S. Government Debt-Volume and Kind of Direct Securities,
Monthly, 1940-70
_
____^.^.-. 868
13.3 Debt of Federally Owned Agencies and Government-Sponsored
Corporations, Monthly, 1940-70 _______^____,._,_ 874
13.4 Ownership of U.S. Government Public Debt, June and December^ 1940-60;
Quarterly, 1961-70 ______^____^__~_, _~ 882
13.5 Ownership of U.S. Government Marketable Securities by Maturity,
Quarterly, March 1941-December 1970
A. All Holders
.- _..._,__-,_ ,,- 884
B. U.S. Government Agencies and Trust Funds
__
^.__..-._.._ 885
C. Federal Reserve Banks _
.-.-.. -_ __
_^..^ 886
D. Held by Private Investors __
__-
__..-.
887
E. Commercial Banks _
_

_
^-^._^ 888
F. Insurance Companies ^^^
...
_.-..
.^_...-....,_ 889
G. Mutual Savings Banks
._ - ,
___.-^-^...^.^_^.. _, ,. 890
H, All Other Private Investors _ . _.
_._-^__
^^-.^.^...... 891

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856

U. S. GOVERNMENT FINANCE

Section 13

INTRODUCTION
This section presents data on the financial
operations of the U.S. Government between
1940 and 1970. Budget statistics are shown for
receipts by source of revenue and for outlays
by major governmental function. Government
borrowing activities are shown separately for
the Treasury and for Federal agencies. This

distinction is important, because in the period


covered by the data numerous agencies were
created with the power to borrow directly in
credit markets. In addition to financial operations, detailed statistics are shown for the outstanding Federal debt by issuer, type of owner,
maturity, and type of security.

FISCAL OPERATIONS
Fiscal operations of the U.S. Government
are summarized in current dollars on a unified
budget basis in Table 13.1. This budget concept,1 actually put into use in fiscal year 1969,
encompasses all programs of the Federal Government and most of its agencies. The agencies
excluded are those that were Government
sponsored and that are now privately owned in
their entirety. For example, the Federal land

banks have been removed from the data beginning with June 1947, when they became
totally private. Similarly, the Federal home
loan banks are excluded beginning in July
1951, the Federal National Mortgage Association in September 1968, and the banks for
cooperatives and Federal intermediate credit
banks as of December 1968.2
Data for the budget and means of financing
2

For a description of the unified budget concept,


see The Budget of the United States Government,
Fiscal Year 1969, Special Analysis A, pp. 464-72.

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857

The Federal Home Loan Mortgage Corporation


and the Student Loan Marketing Association were
established with full private ownership after 1970 and
are never reflected in the data.

U.S. Government Finance

are contained in Part A of Table 13.1. Budget


surpluses and deficits are shown separately for
Federal funds and for trust funds. In the context of the Federal Budget, Federal funds are
monies obtained from general tax revenues;
they are used to meet ordinary outlays. Trust
funds are collected through special taxes and
are earmarked for special purposes such as
social security payments or highway construction. Sources of required financing are indicated in the means-of-financing portion of the
table. For the most part, financing is accomplished by sale of either public debt or
agency securities. Public debt securities are
issued by the U.S. Treasury and are direct
obligations of the Federal Government. Agency
securities are obligations of various Federal
agencies, and they may or may not be guaranteed by the U.S. Government, Total public
borrowing is the sum of Treasury and agency
borrowing net of the public debt and agency
securities held by various Government accounts/'1
Changes in the level of the Treasury operating balance provide another, albeit small and
temporary, source of financing. The Treasury,
by altering the size of the balances it maintains
to pay the Government's bills, may accommodate small surpluses or deficits without the
need to issue or redeem debt. Large or permanent financing requirements, however, must
eventually involve changes in the amount of
public borrowing. Other small items, detailed
in Table 13.1, Part A, note 3, also affect
financing operations.
Receipt and outlay data are shown in Part
B of Table 13.1. The major sources of Federal
Government revenue are individual and corporate income taxes, and social insurance contributions and taxes. Less important sources
are excise taxes, estate and gift taxes, customs
duties, and deposits of earnings by the Federal
Reserve System. Very small amounts of revenue also arise from fines, penalties, forfeitures,
war reparations, fees for permits, and regulatory and judicial services.

While revenue collected through all taxes


has increased over the period, social security
and personal income taxes have accounted for
an increasing share of total receipts. Personal
income taxes relative to total revenues rose
from 17 to 41 per cent during World War II,
and to about 47 per cent by 1970. Social insurance contributions and taxes declined in
relative importance during World War II but
since then they have tripled as a percentage
of total receipts. In 1970 they accounted for
almost 25 per cent of the total. On the other
hand, corporate income taxes, which amounted
to 36 per cent of revenues in 1945, had declined to about 17 per cent by 1970.
Budget outlays are reported by major functional classifications. As indicated in the table
(13.1 B) most of the growth in Federal outlays is attributable to national defense and to
social programs such as income security; health;
veterans' benefits; and education, manpower,
and social services. In relative terms, defense
expenditures have declined steadily, except for
the Vietnam build-up, from 65 per cent of total
outlays in the fiscal year 1953 to about 40 per
cent in 1970. Over the same time period, social
programs increased from 15 per cent of total
outlays to 37 per cent.4
The Treasury operating balance and its components are shown in Part C of Table 13.1.
The Treasury holds a portion of its operating
balance at the 12 Federal Reserve Banks. This
is the balance against which it draws its checks.
As the balances are drawn down, they are
replenished by transferring funds from Treasury tax and loan accounts, maintained in
thousands of commercial banks throughout the
country, into the accounts at the Federal Reserve Banks.
Deposits to tax and loan accounts arise in
the normal course of business, as bank customers deposit with their banks funds to pay
taxes or to purchase Government securities in
4
In 1971 social programs accounted for a larger
share of outlays than did national defense, and by
1974 such programs accounted for 49 per cent of outlays, and national defense 29 per cent. For a more
detailed discussion of Federal spending, see "Recent
Budget Policy," Federal Reserve Bulletin, July 1975,
pp. 393-^04.

3
Government securities are held by many Government agencies and trust funds for both investment
and cash-management purposes.

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858

Section 13

certain instances. In most cases the transactions involve only the transfer of monies from
a customer's account to the tax and loan account in the same bank. In addition, banks
are at times allowed to make payment for
Treasury securities purchased for their own
account by crediting these accounts. In addition to facilitating such collections and payments, the tax and loan accounts serve to keep
Treasury funds in the banking system and thus
help to neutralize the effect of fluctuations in
the Treasury's operating balances on bank reserves and the money stock.5 The third component of the Treasury operating balance, the

gold balance, consists of U.S. Government


holdings of gold against which there are no
claims. This gold could readily be converted
by the Treasury to available funds at the
Federal Reserve Banks."
Federal securities outstanding are also reported in Part C of Table 13.1. Public debt and
agency securities are shown separately, Holdings by the public, equal to the sum of public
debt and agency securities less investments of
Government accounts, are also indicated. More
detailed information concerning public debt
and agency securities is indicated in Tables
13.2-13,5.

5
A description of the Treasury's depositary system
is contained in the 1973 Annual Report of the Secretary of the Treasury, pp. 282-85.

In January 1972 the Treasury operating balance


was redefined to exclude the gold balance.

PUBLIC DEBT AND AGENCY SECURITIES


except that they fall due several days after
corporate tax-payment dates. At the option of
the holder, they may be held to maturity or
used at par value for the payment of corporate
taxes. Using them to pay taxes has the effect
of producing a slightly higher yield since the
same amount of interest is earned over a
shorter time period.
Treasury certificates of indebtedness, notes,
and bonds are known as coupon securities.
They are sold at approximately par value; they
pay interest on a periodic basis; and they return the principal at maturity. Certificates,
which have not been issued since 1966, have
maturities of not more than 1 year. Notes have
a minimum maturity of 1 year; prior to 1967
the maximum was 5 years, but beginning in
1967, it was extended to 7 years. Treasury
bonds may be issued in any maturity, but
generally those issued prior to 1967 had a
maturity greater than 5 years, whereas those
issued since then have had maturities of more
than 7 years. Bonds are often callablethat is,
they are redeemable at the option of the
Treasury several years prior to maturity.
Nonmarketable issues are those that cannot
be sold and can be redeemed only by the

Table 13.2 contains monthly data for the


volume of outstanding direct debt of the U.S.
Government between 1940 and 1970, divided
into interest-bearing and non-interest-bearing
groups, Non-interest-bearing debt is of little
importance in current financing operations. It
consists primarily of currency obligations of
the United States such as United States notes
or silver certificates and matured securities
that have not been redeemed and on which
interest is no longer paid.
Interest-bearing debt is divided into marketable and nonmarketable issues. Treasury bills,
certificates, notes, and bonds make up the
marketable group. Treasury bills, first offered
in their modern form in 1929, commonly have
maturities of 3, 6, and 12 months, although
other maturities have been offered at times.
Unlike coupon securities, discussed below, no
interest payments are made during the terms
of Treasury bills; rather, bills are sold at a
discount and redeemed at par with the difference constituting the interest.
Tax-anticipation bills were first offered in
1951 to provide corporations with a means for
investing funds earmarked for the payment of
taxes. These bills are identical to ordinary bills

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859

U.S. Government Finance

original purchaser. Nonmarketable securities


consist primarily of special issues to Government trust funds and foreign governments,
savings bonds, convertible bonds, and Treasury
tax and savings notes. Special issues to Government accounts, which are issued directly by
the Treasury to various Government agencies
and trust funds and are redeemable on demand,
represent a major part of the nonmarketable
debt. Special issues to foreign governments are
issued in two forms: one, denominated in dollars, is designated "Foreign Series"; the other,
denominated in a foreign currency, is designated "Foreign Currency Series." The issues
are redeemable in whole or in part as per
agreement with the respective governments.
Savings bonds are another major portion of
the nonmarketable public debt. Introduced in
1935, they are designed to tap the consumer
savings market directly, Most of the issues outstanding are either series E or H. Series E
bonds are sold at a discountat 75 per cent
of their face valuein denominations of $25
to $1,000. They are redeemable, beginning 60
days after issue, for the purchase price plus
accrued interest. Series H bonds provide current income; they are sold at par value and
they pay interest semiannually, as do coupon
securities. In 1970 savings bonds outstanding
accounted for about 17 per cent of the average
gross public debt outstanding,
Treasury tax and savings notes were outstanding between August 1941 and November
1955, The original purpose of these issues was
to aid individual taxpayers who were accumulating funds to pay sharply increased Federal
taxes during World War II. Accordingly, the
notes could be applied at par value plus accumulated interest toward the payment of
Federal taxes. Unless used in the payment of
taxes, early versions of the notes could be
redeemed for cash only at the original purchase
price, thus earning no interest. Later issues,
known as "savings notes," were redeemable
for cash plus accrued interest unless owned by
banks accepting demand deposits, in which
case redemption was at purchase price only.
Convertible bonds, also known as investment series B bonds, were first issued April 1,

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1951, shortly after the Treasury-Federal Reserve accord. At that time, expectations of
higher interest rates were causing long-term
investors such as insurance companies and
savings banks to sell large amounts of seasoned
long-term Treasury bonds. To help stabilize
the market for long-term Government bonds,
the Treasury offered to exchange, on a parfor-par basis, 23A per cent investment series B
bonds for certain long-term bonds bearing 2z
per cent interest. About $13.5 billion of longterm marketable bonds were removed from the
market in the initial exchange. A subsequent
cash and exchange offering, made in May
1952, resulted in an additional issue of about
$1,8 billion, All of these bonds are known as
convertible bonds because they may be exchanged, at the holders option, for VA per
cent marketable Treasury notes with 5-year
maturities, which are issued each April and
October.
In addition to Issuing its own debt, the Federal Government has created numerous agencies with the authority to issue debt. Some of
these are part of the U.S. Government; others,
while Federally owned to some extent at one
time, are now private corporations over which
the Federal Government continues to exercise
some degree of control and supervision. Table
13.3 shows statistics for outstanding debt of
these agencies, (A column is shown for a particular agency only when it has debt outstanding.) As Government-sponsored corporations
have attained full, private ownership, they have
been transferred from the Federal agency portion of the table to the "memo" section.
While not restricted to these areas, most
Federal agencies and Government corporations
serve either the residential mortgage or agricultural sectors of the economy. The Federal land
banks were created in 1917, primarily to make
farm mortgages, and the Federal intermediate
credit banks were set up in 1923 to help finance agricultural production. A third agency,
the banks for cooperativeswhich were established in 1935 but did not borrow publicly
until 1950make loans to purchasing, marketing, and other cooperative organizations. These
three organizations are now entirely private.

860

Section 13
The other farm credit agenciesthe Commodity Credit Corporation and the Federal
Farm Mortgage Corporationwere created to
deal with depression-era problems. All of their
debt has been redeemed.
Several agencies were created in the 1930's
to provide liquidity for residential mortgages
and related purposes. The Federal home loan
banks were organized in 1932 and were empowered to make loans to member institutions,
primarily savings and loan associations. These
banks, originally funded with Government
and private capital, achieved full private ownership in 1951. In 1933 the Home Owners
Loan Corporation was created to refinance
existing indebtedness on family dwellings of
borrowers who were faced with the loss of
their homes through foreclosures or tax sales.
The Federal Housing Administration, another
depression-born agency, was designed to improve home financing. This agency, which
issues debt in connection with its mortgage
insurance activities, is still in existence. Beginning in 1937 the U.S. Housing Authority
issued debt to make loans and grants to public
housing agencies and to assist in the acquisition, development, and administration of lowrent or slum-clearance projects. The authority's
debt had been totally redeemed by 1944.
Another agency, the Federal National Mortgage Association (FNMA), was chartered in
1938 to provide assistance to the mortgage
market through purchases of Federally insured
mortgages. This association was rechartered
in 1954 with three specifically authorized functions: (1) to provide a secondary mortgage

market by buying and selling existing mortgages; (2) to provide special assistance for certain types of residential mortgages as designated by the Congress or the President; and (3)
to operate management and liquidation functions for Government-owned mortgages. The
first of these functions was to be privately
financed and eventually privately administered,
whereas the other two were to be carried out
for the Government.
Debt incurred by the FNMA for secondary
market operations and for management and
liquidation is shown separately in the table.
Between 1955 and 1960, debt management and
liquidation was financed through the issue of
instruments known as notes. Then after a
period of inactivity ending in 1964, this function was reactivated and accomplished through
the sale of participation certificates representing beneficial interests in pools of Government-owned mortgages. Funding for special
assistance functions was obtained either
through direct appropriation or by borrowing
from the Treasury rather than by issuing
agency debt.
In 1968 the FNMA was divided into two
separate corporations. The firstretaining the
name Federal National Mortgage Association
became entirely privately owned, and it assumed responsibility for maintaining a secondary market for mortgages. A second corporation, the Government National Mortgage
Association, which is wholly Governmentowned, was created to take over the management and liquidation functions and the special
assistance operations of the original organization.

PUBLIC DEBT OWNERSHIP


In 1950 the debt concepts were changed to
exclude guaranteed agency debt. However, the
amount of such debt excluded was less than
$2 billion in 1950 compared with a total debt
figure of about $256 billion, and its removal
caused only small shifts in the various series.
More detailed information on ownership of
marketable securities is provided by the Treas-

Table 13.4 presents Treasury Department


estimates of how much U.S. public debt is
owned by various types of holders. The estimates are based on numerous sources of data
including the Treasury survey of ownership,
surveys made by the Bureau of the Census and
the Securities and Exchange Commission, and
data for savings bond sales and redemptions.

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861

U.S. Government Finance

ury survey of ownership, Table 13.5, drawn


from this survey, presents data for marketable
U.S. Government public debt by type of
holder, type of security, and years to maturity.
As with Table 13.4, guaranteed agency debt
is included prior to 1950. Holdings are shown
separately for Federal Reserve Banks, U.S.
Government agencies and trust funds, commercial banks, mutual savings banks, insurance
companies, and all other private investors, as
well as for all holders. In this table, long-term
bonds, which frequently may be called in for
payment at the option of the Treasury prior to
maturity, are classified by call date for the
period prior to June 1953 and by maturity
date thereafter.

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The Treasury survey of ownership, unlike


the estimates in Table 13.4, reports for each
category the amount of securities held by those
actually surveyed and responding. It does not
attempt to estimate total security holdings for
all members of each category. Reported holdings are complete for the Federal Reserve
Banks and for Government accounts and trust
funds, and coverage of commercial banks, mutual savings banks, and insurance companies
is 90 to 95 per cent complete. Members of
these groups not surveyed, or surveyed but not
responding, plus additional groups of holders
such as corporations, individuals, and State
and local governments, are grouped together in
the "all other" category.

862

Section 13

APPENDIX A: SOURCES OF DATA


In addition to the Treasury Bulletin materials cited, figures have been derived from the
sources cited for individual tables. In instances
where there is a source citation for a particular
table and the name of the table is cited, the
name is the one being used at the end of 1970.
TABLE 13.1. Office of Management and
Budget, Budget Review Division, tables entitled "Federal Government Finances," February
1975; U.S. Treasury Department, Monthly
Statement of Receipts and Expenditures of the
U.S. Government and Daily Statement of the
U.S. Treasury; and Treasury Survey of Ownership as published in the Treasury Bulletin.

6.Interest-Bearing Securities Issued by Government Agencies; 3. Treasury Survey of Ownership, Table TSO-6.(Memorandum) Securities Issued by Government-Sponsored Agencies and The District of Columbia; Statistical
Appendix to Annual Report of The Secretary
of the Treasury on the State of the Finances
for the Fiscal Year Ended June 30, 1974
(Table 24.Interest-Bearing Securities Issued
by Federal Agencies, Fiscal Years 1954-74).
Additional data provided by Treasury Department, Farm Credit Administration, Federal
Home Loan Bank Board, and Export-Import
Bank of the United States.

TABLE 13.2. Daily Statement of the U.S.


Treasury (Table IX Summary of Public
Debt and Guaranteed Debt).

TABLE 13.4. Treasury Bulletin (Table


OFS-2.Estimated Ownership of Public Debt
Securities by Private Investors) and Treasury
Department estimates,

TABLE 13.3. Daily Statement of the U.S.


Treasury (Table XIStatement of Guaranteed
Debt of U.S. Government Agencies); Treasury
Bulletin (I. Table entitled "Assets and Liabilities of Governmental Corporations and Credit
Agencies and Analysis of Proprietary Interest
of the United States as of , . .": 2. Table FD-

TABLE 13.5. Treasury Bulletin (Treasury


Survey of Ownership, Table TSO-2.InterestBearing Marketable Public Debt Securities by
Type and Maturity Distribution) and Federal
Reserve Bulletin (Ownership of U.S. Government Marketable Public Issues, by Class of
Security) October 1947.

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863

U.S. GOVERNMENT FINANCE

NOTES TO TAltUC 13.1:


Parts A and C (not all notes apply to each part) :
1

Excludes non-interest-bearing notes issued to the International Monetary Fund, the International Development
Association, and the Inter-American Development Bank.
2
Concept of operating balance used here is consistent with
data as published in the Treasury Bulletin for December 1957
through January 1972.
11
Includes accrued interest payable on public debt securities;
deposit funds; miscellaneous liability (includes checks outstanding) and asset accounts; seigniorage; and cash and
monetary assets not held in the Treasury operating balance.
4
The Federal National Mortgage Association was converted
to private ownership in September 1968, and the Federal
intermediate credit banks and the banks for cooperatives
were converted in December of that year. For Part A of
this table, data published by the Treasury have been adjusted
to remove the effects of those conversions. Monthly figures
will not add to fiscal year totals because small amounts of
such transactions are not available for the period JanuaryJune 1969. In Part C the conversions reduce the outstanding
amounts of Federal agency securities, and hence the amounts
of Federal securities held by the public.
3
On July 1, 1969, the Treasury reclassificd from asset sales
to Federal (agency) debt $1.6 billion of Commodity Credit
Corporation certificates of interest outstanding. For Part A
of this table, data published by the Treasury have been
adjusted to remove the effects of that reclassification. In
Part C, however, no similar adjustments have been made
that is, the amounts of agency securities outstanding, and
hence of Federal securities held by the public, do reflect the
reclassification.
These components of the unified budget surplus or deficit
are not available on a monthly basis before July 1969.
7
Monthly data for Federal funds surplus or deficit are
calculated as residuals of total surplus or deficit and surpluses
or deficits in trust funds.
8
Referred to as "Deposits in special depositories*' before
Feb.
1, 1950.
u
The free gold balance can be readily converted to available
funds with Federal Reserve Banks,

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864

Part B:
l
The major components of "all other" are fees for permits
and regulatory and judicial services, fines, penalties and forfeitures, and war reparations.
2
Separation of total refunds into individual and corporate
components is not readily available prior to 1957.

U.S. GOVERNMENT FINANCE


13.1 FISCAL OPERATIONS: U. S. BUDGET
A. SUMMARY AND MEANS OF FINANCING, FISCAL YEARS, 1940-70; MONTHLY, JULY 1967-DECEMBER 1970
[In billions of dollars]
Means of financing

U.S. budget
Surplus, or deficit ( )

Borrowings from the public

Period
Receipts

Fiscal year ending June 30 :


1940
1941
1942
1943
1944

Outlays
Total

Federal
funds

Trust
funds

Public
debt
securities l

Less:
Change" in
Treasury
Equals: operating
Total
balance 2

Plus:
Other 3

Equals:
Total
financing

-1.1
.7
.5
6.4
10.7

.6
.2
1.8
1.3
.7

3.1
5.0
20.8
54.9
47.0

50.4
6.7
-17.5
-8.1
-1.9

4.7
-10.1
-11.0
1.6
-1.5

1.8
-.9
2.6
-2,3
-.2

47.5
15.9
-3.9
-12.0
-.6

Agency
securities

Less:
Investments
of Govt.
accounts

1.2
1.4
2.1
3.4
4.4

1.4
5.5
19.5
60.0
57.0

5.7
4.2
3.7
3.0
2.5

6.4
8.6
14.4
23.6
44.3

9.5
13.6
35.1
78.5
91.3

-3.1
-5.0
-20.8
-54.9
-47.0

-4.2
-6.5
-22.8
-58.0
-51.3

I.I
1.5
2.0
3.1
4.3

2.5
6.0
23.5
64.3
64.3

.8
-1.8
-.8
-2.9

1945
1946
1947
1948
1949

45.2
39.3
38.4
41.8
39.4

92.7
55.2
34.5
29.8
38.8

-47.5
-15.9
3.9
12.0
.6

-52.9
-19.8
.5
9.0
-1.9

5.4
3.9
3.4
3.0
2.5

57.7
10.7
-12,9
-5.4
.6

-1.0
.3

1950
1951
1952
1953
1954

39.5
51.6
66.2
69.6
69.7

42.6
45.5
67.7
76.1
70.9

-3.1
6.1
-1.5
-6.5
-1.2

-3.1
2.4
-5.0
-10.0
-3.1

3i?
3.5
3.4
2.0

4.4
-2.1
3.9
6.9
5.1

-.1
.6
-.3

-.5
3.1
3.4
3.2
-1.3

4.7
-4.7
.2
3.6
6.4

2.0
1.8
-.6
-2.3
2.0

.4
.4
.7
.6
-3.2

3.1
-6.1
1.5
6.5
1.2

1955
1956
1957
1958
1959

65.5
74.5
80.0
79.6
79.2

68,5
70.5
76.7
82.6
92.1

-3.0
4.1
3.2
-2.9
-12.9

-4.2
1.4
1.6
-3.2
-11.3

1.2
2.6
1.7
.2
-1.6

3.0
-1.8
-1.6
6.3
7.0

.6
.2
1.1
1.1
1.1

1,4
2.8
2.4
.4
-.6

2.1
-4.4
-2.8
6.9
8.6

-1.0
.4
-.6
4.0
-.5

-.1
.7
-1.0
3.8

3.0
-4.1
=3.2
2.9
12.9

I960
1961
1962
1963
1964

92.5
94.4
99.7
106.6
112.7

92.2
97.8
106.8
111.3
118.6

.3
-3.4
-7.1
-4.8
-5.9

.8
-4.2
-6.9
-6.6
-8.6

-.5
.8
-.2
1.8
2.6

1.4
2,3
8.9
7.3
5.4

1.7
-.3
1.4
.2
.5

.9
.6
.6
1.4
2.9

2.2
1.4
9.8
6.1
3.1

2.7
-1.1
3.6
1.7
-1.0

.2
.9
.9
.4
1.8

= .3
3.4
7.1
4.8
5.9

1965
1966
1967
1968
1969
1970

116.8
130.9
149.6
153.7
187.8
193.7

118.4
134.7
158.3
178.8,
184.5
196.6

-1.6
-3.8
-8.7
-25.2
3.2
-2.8

2.3
1,3
6.2
3.2
8.7
10.3

5.7
2.3
6.8
22.5
7.5
17.2

.7
4.0
5.1
5.9

2.3
3.2
9.0
5,3
49.5
10.1

4.1
3.1
2.8
23.1
-1.0
5
3.8

1.2
-.6
-4.6
-.4
.6
2.2

l!3
1.7
-1.3
M.2

1.6
3.8
8.7
25.2
-3.2
2.8

Month :
1967July
Aug
Sept
Oct
Nov..
Dec

8.8
11.6
14.9
8.6
10.9
12.4

14.5
15.2
14.5
14.8
14.2
13.4

-5.7
-3.6
A
-6.2
-3.3
-1.0

(6)

4.8
5.2
.1
4.6
4.6
-.4

-.1
2.1
-.5
-.3
.2
.3

5.0
3.2
.3
5.4
4.4
.7

.3
-.9
1.6
-.7
.1
-.6

1.0
-.4
.9
.1
-.9
-.2

5.7
3,6
-.4
6.2
3.3
1.0

1968 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov..
Dec

12.2
12.1
11.9
19.0
11.7
19.6
11.7
13,2
18.7
10.7
12.7
15.8

15.6
14.5
14.9
15.7
16.3
15.5
13,9
16.8
16.2
16.8
15.1
14.4

-3.4
-2.4
-3.0
3.4
-4.5
4.1
-2.2
-3.5
2.5
-6.1
-2.4
1.4

1.6
5.5
-2.1
-2.5
5.3
-4.3
3.5
3.3
.4
2.5
-.2
1.4

-.9
1.5
-.5
.5
2.6
.3
-.5
1.8
4 -.3
-.4
.4
4.1

4.1
4.0
-1.3
-1.6
2.8
-3.7
4.1
2.8
.8
3.1*j

1.7
1.7
-3.5
1.1
-1.2

u'.o

.7
-1.4
4.0
-2.1
-3.8
1.9

.9
.1
.8
-.6
.5
-.3
-1.1
7

3.4
2.4
3.0
-3.4
4,5
-4.1
2,2
3.5
-2.5
6.1
2.4
-1,4

1969 Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

15.8
14.6
13.7
23.6
13.3
23.8
12.6
14.8
20.5
11.8
14.3
16.7

15.8
14.7
15.6
16.0
15.8
13.5
15.8
16.9
17.7
17.9
15.5
15.1

.1
-.1
-1.9
7.6
-2.4
10.3
-3.2
-2.1
2.8
-6.1
-1.1
1.6

.7
1.4
.3
.8
2.9
2.1
.2
1.7
.2
-,7
.9
2.0

1.6
-1.9
.4
-2.5
-1.5
-8.6
52.9
.7
-.4
4.4
2.7
-2.0

2.5
-2.3
-.1
3.4
-2.5
.2
-.2
-1.7
2.6
-1.2
1.0
-1.1

1970Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

16.3
14.9
13.1
22,0
14.0
22,5
12.7
15.2
18.7
11.5
14.1
15.4

16.4
14.9
16.5
18.0
16.5
15.3
19.3
17.5
17.4
17.7
16.7
15.6

-3.4
4.0
-2.5
7.2
-6.6
-2.3
1.3
-6.2
-2.6

-.5
.6
.9
-.2
2.2
2.8
-.4
1.6o

-.2
-.1
2.3
-4.7
1.5
-3.2
6.0
2.7
-1.3
2.5
3.3
3.0

1.1
.2
.3
.1
-1.0
2.0
-.6
-.1
1,5
-2.4
-.5
2.2

For notes see preceding page.

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-.1

-3.9
-5.1
-14.9
-28.4
-5.5
-13.1
(6)

' -3.0
-4.6
2.9
-5.1
-2.4
.5

-.2
2.5
-.1
-1.0
1.2
1.1

2.4
-.6
.8
-1.1
1.6
-6.3
3.3
3.2
.5
3.7
3.7
.1

.4
-2.5
-3.4
4.1
-4.9
4.8
-6.2
-4.2
2.2
-4.9
-3.1
-2.0

-.5
2.6
-.1
-.1
2.4
2.4
-.4
1.8
-.9
-1.3
.6
1.8

-.7
1.3
3.2
-4.8
3.9
-.2
5.6
4.3
-2.2
1.5
3.4
5.5

865

-1.6

4.6

-3.3
.1
-.3
.4
1.3
1.6
.3
1.4
.1
.9
.1
1.4
W

.3

-.1

-.2
.2
-.1
-.6
-.1
-.2
-.3
-.8
-.6
-.1
-.1
-.1
o

""'-i'.i'
.2

-i!o
.1

2.5

-1.3

4 '.1

.9
-.7
-.5
.8
K4
-1.8
1.5
-1.5
6

-'.2
.2
.5
-.6
-.7
1.4
,3
1.4
.8

-2.0
- 4

i!s

1.2
-1.3
-.7

!i

1.9
-7.6
2.4
-10. 3
3.1
2.1
-2.8
6.1
1.1
-1.6
.1

i'.4
=4.0
2.5
-7.2
6.6
,4
-1.3
6.2
2.6
.2

13.1

FISCAL OPERATIONS: U. S. BUDGET-Continued

B. TYPES OF BUDGET RECEIPTS AND OUTLAYS, FISCAL YEARS, 1940=70


[In billions of dollars]
Budget receipts, by type
Taxes
Fiscal year ending June 30

Total

Corporation income

Individual income
Memo:
Refunds

Net

Memo:
Refunds

Net

Estate
and
gift

Excise

Social
insurance
| taxes and
j eontribuI tions

Miscellaneous
Customs I Deposits of
duties learnings by
the Federal:
Reserve l!
System ;

1940.
1941.
1942.
1943.
1944.

6.4
8.6
14.4
23.6
44.3

1.1
1.6
3.2
6.5
20.2

1.0
1.8
4.7
9.6
15.3

1.8
2.4
3.1
3.8
4.4

.4
.4
.4
,4
,5

1.7
2.0
2,4
3,0
3.4

.3
.4
.4
.3
.4

1945.
1946.
1947.
1948.
1949.

45,2
39.3
38.4
41.8
39.4

18.4
16.1
17.9
19.3
15.5

16.4
12.2
8.6
9.7
11.2

5.9
6.6
7.2
7.4
7.5

.6
.7
.8
.9
.8

3.4
3.1
3.3

4.0
3,8

.3
.4
.5
.4
.4

1950.
1951.
1952.
1953.
1954.

39.5
51.6
66.2
69.6
69.7

15.7
21.6
27.9
29.8
29.5

10.4

14.
21.2
21.2
21.1

7.6
8.6
8.9
9.9
9.9

.7
.7
.8
.9
.9

4.4
5.7
6.5
6.8
7.2

.4
.6
.5
.6

1955.
1956.
1957.
1958.
1959.

65.5
74.5
80.0
79,6
79,2

28.7
32.2
35.6
34,7
36.8

17.9
20.9
21.2
20.1
17.3

.4
.5
.8

9.1
9.9
10.5
10.6
10,6

,9
.2
.4
.4
.3

7.8
9.3
10.0
11.2
11.7

1960.
1961.
1962.
1963,
1964.

92.5
94.4
99.7
106.6
112.7

40.7
41.3
45.6
47.6
48,7

4.2
4,8

5.'4
5.9

21.5
21,0
20,5
21.6
23.5

,7
.8
.8
.8
.8

11.7
11.9
12,5
13.2
13.7

.6
.9
2.0
2.2
2.4

14.7
16.4
17.0
19.8
22.0

.0
.1
.2
.3

1965.
1966.
1967.
1968.
1969.
1970.

116.8
130.9
149.6
153.7
187,8
193.7

48,8
55.4
61.5
68.7
87.2
90.4

4.9
5.9
7.8
9.5
10.2
13.2

25.5
30.1
34.0
28.7
36.7
32.8

.7
.8
.9
1.2
1.7
2.2

14.6
13.1
13,7
14.1
15.2
15.7

2.7
3,1
3,0
3,1
3.5
3.6

22.3
25.6
33.3
34.6
39,9
45 = 3

.4
.8
.9
2.0
2.3
2.4

3.4
3.8
4.0

All
other l

.1

.2
.2
.2
,3

,5

.3
.3
.4
.7
.5

.6

,7
.7

1.1
.8

.'B

,9
1.4
1,7
1.8

2.7
3.3

Budget outlays, by function


NatComural
Com- muni- I
remerce
'
Agri- sources,
and
and
culreture onmentj transporgional
and
tation devel- :
energy
opment

Inter-

Total

National
tional
defense affairs

.4
.3
,3
.3
1.3

1940
1941....
1942....
1943....
1944....

9.5
13.6
35.1
78.5
91,3

1.5
6.0
24.9
65.7
78.1

.1
.1
.0

1945..
1946..
1947..
1948..
1949..

92.7
55.2
34.5
29.8
38.8

81.9
41.6
11.6
7.8
11.8

.9
.9
5.8
4.6
6.1

1950..
1951..
1952..
1953..
1954..

42.6
45.5
67.7
76.1
70.9

12.4
21.8
43.3
49.9
46.3

4,7
3.7
2.8
2.2
1.6

.1
.1
.1
.1
.1

1955..
1956..
1957..
1958..
1959..

68.5
70.5
76,7
82.6
92.1

39.9
39.8
42.3
43.8
45.9

2.2
2.4
3.3
3.3
3.2

1960...
1961...
1962...
1963...
1964...

92.2
97.8
106.8
111.3
118.6

45.2
46.6
50.4
51.5
52.7

1965
1966
1967
1968
1969
1970

118.4
134.7
158.3
178.8
184.5
196.6

48.6
55.9
69.1
79.4
80.2
79.3

.2

0
1
3
,8
.5

.3
.4
.5
.8
1.0

.3
.2
.3
.3
.3

.2
.2
.2
.2
.2

2.6
3.2
2.9
3.6 j

1.3

.1 3.5
2.5 j 4.7
6.3
4.9
6.5 j 5.1
5.4
6.6

.9
.0
.3
,2
.0

2.0
2.2
2.4
2.2
1.0

.3
.3
.3
.3
.3

.3
.3
.3
.3 ,
.3 I

4.7 I
4.6
5.4
6.2

.2
.0
,2
.5
.6

1.3
2,0
3.1
3.3
5.6

.3
.2
.3
.4
.4

.3
.4
.5
,5
.7

2.6
2.6
3.6
4.4
4.6

1.7
2.2
2.4
2.6
2.7

5.8
5.2
5.7
4.6
5.6

.4
.5
.6
.7
1.1

1.0
1.1
1.2
1.5
1.6

3.9
2.4
3.0
4.5
5.8
5.2

3.0
3.1
3.4
3.6
3.5
3.6

6.9
9.0
9.2
10.6
7.1
9.1

1.3

2.1
4.1
6.0
7.0
6.9
7.9

.3
.1
.1
.2
.2

.5
.5
.7

.9
.1
.2
1.1
1.7

2.0
-.3
.2
2.3
1.8

1.3
.4
.5
.5
.2

.1
.1
.2
.2
.4

3.5
3.5
2.3
2.4
4.5

2.9
3.2
4.3
3.9
3.7

.6
1.1
1.8
3,1
5.0

4.1
4.6
4.7
4.6
3.8
3.6

5.9
6.8
6.3
5.6
5.1
4.6

.3
.4

2.2
1.7
I.I
.5
.2

General
! govt.,
Inter- ' law
est ;
enforce i
ment

1.5
1.9
1.9
1.8
1.6

.7
.6
2.7
5.2
4.6

1.6
.6

.9
1.0
,8
.7

1.9

For notes see page preceding Part A of this table.

Digitized for FRASER


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

1.0

Educa|l Vettion,
erans
manInpower, Health come beneats
and
secuand
social
rity
servservices
ices

866

1.5
1.7
2.2
2.5
3.5

Rev- Undistribenue
sharing uted
offand
assist- setting
receipts
-.2
3
.4
-~ 5

5.3
4.7
4,7

5.7 !
5.6
5.7 '
6.2
6.0

1.4
1.2
.9

1.2
1.2
1.3
1.4
1.2

4.7
5.0
5.0
5.4
5.5

6.0
6.3
6.7
6.9
7.1

.7
.8
1.5
.8
1.3

1.4
1.5
1.9
1,9
2.2

.8
.9
1.2
1.4
1.8

9.1
9,9
11.6
15.2
17.3 ,
i
18.3
21.4
22.7
24.1
25.1

5,5
5.7
5.6
5.5
5.7

8,3
8.1
8.3
9.2
9.8

.5
.5
.4
.6
.9

2.5
=2.5

1.8
2.6
6.8
9.7
11.8
13.1

25.7
28,9
30.8
33.7
37.3 j
43.1

5.7
5.9
6.9
6.9
7.6
8.7

10.4
11,3
12.5
13.8
15.8
18.3

2.0
2.0
2.2
2.3
2.4
2.9

7.4;

5.5

.1
.3

=-2.9

i i -3.2
3.6
3
.3
A
>

4.6
5.5
5.5
6.6

U.S. GOVERNMENT FINANCE


13.1

FISCAL OPERATIONS: U. S. BUDGET Continued

RESULTANT SELECTED BALANCES, FISCAL YEARS, 1940-70; MONTHLY, JULY 1967-DECEMBER 1970
[in billions of dollars)
Treasury operating balance z
End of period

Fiscal year ending June 30:


1940
1941
1942
1943
1944

Federal
Reserve
Banks

Tax and
loan
accounts 8

.3
1.0
.6
.0
.4

.7
1.7
7.7

Federal securities

Total

Public debt
securities 1

Agency
securities

Less:
Investments
of Govt.
accounts

Equals:
Amount
held by
the public

.2
.3
.2
.2
.2

1.2
2.0
2.4
8.9
19.6

43.0
49.0
72.4
136,7
201.0

7.7
8.6
6,8
6.0
3.1

7.9
9.3
11.4
14.9
19.3

42.8
48.2
67.8
127.8
184.8

.2
.2
1.0
1.1

1.0

24.3
14.2
3.2
4.8
3,2

258.7
269.4
256.6
251.1
251.7

1.4
1.6
.6
.9
.9

24.9
29,1
32.8
35.8
38.3-

235.2
241.9
224.3
216.3
214,3

1.1
1.0
1.0
1.0
.5

5.3
7.1
6.4
4.2
6.2

256.1
253.9
257.8
264.8
269.8

1.0

.9
1.0

37,8
41.0
44.3
47.6
46.3

219,0
214.3
214.5
218.1
224.5

.5
.5
.5
.4
.1

5.2
5.7
5.1
9.0
4.4

272.8
271.0
269.5
275.7
282.7

1.6
1.8
2.9
4.0
5.0

47.8
50.5
52.9
53.3
52.8

226.6
222.2
219.4
226.4
235.0

7.1
6.0
9.5
11.3
10.2

284.1
286.4
295.4
302.7
308.1

6.8
6.5
7.9
8.1
8.6

53.7
54.3
54.9
56,3
59.2

237.2
238.6
248.4
254.5
257.6

Gold
balance9

1945
1946
1947
1948
1949

.5
.0
.2
.9
.4

1950
1951
1952
1953
1954

1.0
.3
.3
.1
.9

1955
1956
1957
1958
1959

.4
.5
.5
.4
.5

1960
1961
1962
1963
1964

,5
.4
,6
.8
.9

18.0
22,6
13,0
1,0
1.8
1.8
3.3
5.7
5,1
3,1
4.8
4.4
4.6
4.1
8.2
3.7
6.5
5.5
8.8
10.3
9,2

1965
1966
1967
1968
1969
1970

.7
.8
1.3
1.1
1.3
1.0

10.7
10.0
4.3
4.1
4,5
6.9

11.5
10.9
5.7
5.3
5.9
8.0

313,8
316.1
322.9
345.4
352.9
370.1

9.3
13.4
18.5
24.4
14.2
12.5

61.5
64.8
73.8
79,1
87.7
97.7

261,6
264.7
267.5
290.6
"279.5
284.9

Month :
1967July
Aug
Sept
Oct
Nov
Dec

1.3
1.1
.8
.7
1.6
1.1

4.6
3,9
5.8
5.2
4.4
4.3

6.0
5.1
6.7
6.0
6.1
5.6

327.7
332.9
333.0
337.6
342.2
341.8

18.6
18.6
18.3
18.8
18.8
20.1

73,7
75.8
75.3
75.0
75.2
75.5

272.5
275,7
276.0
281.3
285.7
286.4

1968Jan
Feb
Mar
Apr
May
June

1.2
1.2
.6
1.0
1.0
1.1

6.0
7.6
4.7
5.4
4.2
4.1
4.8
3.6
7.4
5.3
2.2
3.9
6.6
4.3
3.9
7.1
5.0
4.5
4.6
3.0
5.5
4.4
5.3
3.9
5.2
5.6
5.6
5,1
4.6
6.9
6.1
6.2
7.5
5.4
5.2
6.8

7.2
8.9
5.4
6.5
5.3
5.3
6.0
4.6
8.6
6.5
2.8
4.7

343.4
348.9
346.8
344.4
349.7
345.4
348.9
352,2
352.6
355.0
354,9
356.2

21.7
21.7
22.0
23.4
23.5
24.4
24.5
25.8
"20.1
20.3
20.3
"15.1

74.5
76,1
75.6
76.2
78,8
79.1
78.7
80.5
<79.6
79.2
79.7
<79.4

290,5
294.5
293.2
291.6
294.4
290.6
294.7
297.5
^293,0
296,1
295.4
"291.9

7.2
4.9
4.8
8.2
5.7
5.9
5.7
4.0
6.6
5.5
6.4
5.3

358.6
357.9
358.7
357.6
359.2
352.9
356.2
359.4
359.9
363.6
367.3
367.4

15.0
15.2
15.1
14.6
14.4
14.2
M5.6
14.7
14,1
14.0
13.9
13.8

80.1
81.6
81.8
82.7
85.6
87.7
87.8
89.5
89.7
89.0
89,9
91.9

293.5
291.6
292.0
289.6
288.1
279.5
G283.9
284,6
284.2
288.6
291,3
289.3

6.4
6.6
6.9
7.0
6.0
8.0
7.4
7.3
8.8
6.5
5.9
8.1

366,7
368.0
371.2
366.4
370.3
370,1
375.7
380.1
377.9
379.4
382.8
388.3

13,8
13.0
13,0
12.9
12.7
12.5
12.5
12.5
12.5
12.4
12.5
12.5

91.4
92.0
92.9
92.7
94,9
97.7
97.3
99,0
98.1
97.0
97.2
99.7

289.1
289.0
291.3
286.6
288.1
284.9
290.9
293.6
292.2
294.8
298.1
301.1

July

Aug
Sept
Oct
Nov
Dec

1.1

.9
1.0
1.1
.5
.7

1969Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

.5
.5
.8
1.0
.6
1.3
.9
.9
1.0
1.0
1.0
1.3

1970Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

1.1
.9
1.2
1.8
1.3
1.0
1.2
1.1
1,2
.9
.6
1.2

For notes the see page preceding Part A of this table.

Digitized for FRASER


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

867

1.3

U.S. GOVERNMENT FINANCE


13.2

U.S. GOVERNMENT DEBT VOLUME AND KIND OF DIRECT SECURITIES


MONTHLY, 1940-70
[In billions of dollars]
Interest-bearing
Nonmarketable

Marketable
End of
month

Gross
public
debt

Total
Total

Bills

Certificates

Tax
antici- Notes2 Bonds3
pation1
series

Total

Special
issues
U.S.
to
ForU.S.
eign 5 savings 8
Govt. issues bonds
ac- 4
counts

'.3
.3
,3
.3

6.2
6.2
6 1
6.1
6.1
6.4
6.4
6.4
6.4
5.7
5.7
6.2

27.1
27.1
27 1
27.1
27.1
26.8
27.4
27.4
27.4
28.2
28.2
28.2

7.0
7.3
7.5
7.6
7.7
8.0
8.1
8.2
8.4
8.4
8.6
8.8

4.3
4.4
4.5
4.5
4.6
4.8
4.9
4.9
5.1
5.1
5.2
5.4

36.3
36.3
37.1
37.1
37.1
37.7
37.7
37.7
37.4
38.9
39.7
41.6

.3
.3
.6
,6
,6
.6
.6
.6
.3
1.4
1.7
2.0

6.8
6.8
5 7
5.7
5 7
5.7
5.7
5.7
5.7
5.5
6.0
6.0

28.2
28.2
29 7
29.8
29 8
30.4
30.4
30.4
30.4
32.0
32.0
33.6

9,0
9,2
9 4
9.6
10 1
10.7
11.2
12.7
13.5
14.2
14.9
15,9

5.4
5.5
5 7
5.7
5 8
6.1
6.3
6.5
6.7
6.7
6.8
7.0

59.5
61.9
61.9
64.5
68.1
72.0
76.7
81.2
85.8
92.3
95.5
107.3

42.1
43.5
43.2
45.0
47,5
50.6
53.8
57.2
60.4
65,0
66,6
76.5

2.1
2.0
1.7
2.0
2.3
2.5
3.7
4.2
4.6
5.1
5.7
6.6

1.5
1.5
3.1
3.1
4.7
6.2
6.2
7.2
10.5

5.6
5.6
5.6
5.6
5.6
6.7
6.7
6.7
8.0
10.1
10.1
9.9

34.6
36.1
36.1
36.1
38.3
38.3
40.4
41.6
41.6
43.6
43.6
49.5

17,3
18.2
18.6
19.4
20.5
21.4
22.9
24.1
25.4
27.3
28.9
30.8

7.1
7.2
7.3
7.4
7.5
7.9
8.1
8.3
8.5
8.6
8.8
9.0

111.1
114.0
115.5
129.8
135.9
136.7
141.5
144.1
158.3
165.0
166.2
165.9

110,0
112.9
114.3
128.6
134.7
135.4
140.2
142.7
157.1
163.6
164.8
164.5

77.5
78.7
79.7
91,4
95,4
95.3
98,6
99.9
111.4
115.9
115.9
115.2

7.4
8.2
9.2
10.0
10.9
11.9
12.5
12.8
13.1
13.
13.
13.

10,7
11.2
11.2
16.2
16.6
16.6
16.6
17.5
21,1
23.2
23.1
22,8

9.9
9.9
9.8
9.8
9.8
9.2
11.9
11.9
11.6
11.6
11.6
11.2

49 5
49.5^
49.5
55.4
58.2
57.7
57.7
57.7
65.6
68.
68.
68.

32.5
34.1
34.6
37.3
39.3
40.1
41.6
42.8
45.6
47,6
48.9
49.3

9.2
9.6
10.0
9.8
10.2
10.9
11.5
11.9
11.7
11.9
12.3
12.7

1944 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

170.7
183.1
184.7
185.0
186.4
201.0
208.6
209.8
209.5
210.2
215.0
230.6

167.0
181.7
183.3
183.4
184.9
199.5
207.1
208.3
207.9
208.6
210.8
228.9

115.3
126.2
128.1
127.4
128.0
140.4
144.9
145.2
144.7
145.0
145.2
161.6

13.
13.
13.
13.2
13.8
14.7
15.5
15.7
15.7
16.1
16.4
16.4

22.8
25.7
25.7
25.3
25.3
28.8
30.0
30.0
29.6
29.5
29.5
30.4

11.2
13.3
16.2
16.3
16.3
17.4
18.1
18.1
17.9
17.9
17.9
23.0

68.
74.
73,0
72.7
72.7
79.4
81.3
81,4
81.5
81.5
81,3
91.8

51.8
55.5
55.3
56.0
56.8
59.1
62.2
63.1
63.1
63.6
65.6
67.2

12.9
13.2
13.5
13.7
14.1
14.3
15.0
15.5
16.0
16.2
16.6
16.3

1945 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept,
Oct.
Nov.
Dec,

232.4
233.7
234.0
235.1
238.8
258,7
262.0
263.0
262.0
261.8
265.3
278.1

230.7
231.9
232.0
233,1
235.8
256.4
259.8
260.7
259.6
259.4
262.8
275.7

162.3
162.4
162.6
162,7
162.7
181.3
183.1
183.3
182.8
182.8
185.1
198,8

16.4
16.4
16.9
17.0
17.0
17.0
17.0
17.0
17.0
17.0
17.0
17.0

30.4
30.4
34.5
34.5
34.4
34.1
34.5
34.4
35.1
35.0
35.0
38.2

23.0
92.4
23.0
92.5
18.6
92.6
92.6
18.6
18.6
92.6
2J.5 1 106.6
23.5 108,1
23.5 108.4
23.5 107.2
23.5 107,2
23.5 109.6
23.0 120.6

68.4
69.5
69.4
70,4
73.1
75.0
76.7
77.4
76.8
76.6
77.7
76.9

16.7
17.1
17.6
17.9
18.6
18.8
19.6
20.0
20.5
20.6
20.7
20.0

1940Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

42.1
42.4
42.5
42.7
42.8
43.0
43.8
43.9
44.1
44.1
44.3
45.0

41.6
41.8
42.0
42.1
42.3
42.4
43.2
43.3
43.5
43,6
43,7
44.5

34.6
34.6
34.5
34.5
34.5
34.4
35.1
35,1
35.1
35.1
35.1
35.6

.3
.3
.3
.3
.3
.3
.3

1941 -Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

45.9
46.1
47.2
47.2
47.7
49.0
49.5
50.9
51.3
53.6
55.0
57.9

45.3
45.5
46.6
46.7
47.2
48.4
49.0
50.4
50.8
53.0
54.5
57.5

1942Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

60.0
62.4
62.4
65.0
68.6
72.4
77.1
81.7
86.5
92.9
96.1
108.2

1943 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Digitized for FRASER


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

868

Treasury
Contax
verand
tible3
bonds ' savings
notes

.3
.3
.3
.3
,3
,3
.3
.3

2.5
2,6
2.7
2.8
2.9
2.9
3.0
3.0
3.0
3.1
3.1
3.2

.......

Others

Noni nte restbearing

.5
.5
.6
.5
.6
.6
.6
.6
.6
.6
.6
.6

]3

3.4
3.5
3.6
3.6
4.0
4.3
4.6
4.9
5.1
5.4
5.6
6.1

.......

;!

.6
.6
.6

,2
.2

\
:l

.2
l.O
1.3
1.8
2.1
2.5

^3
3
.3
.3

.5

:!

i*

7 2
7.9
8.4
9.0
9.6
10 2
11. 1 . . . . . . .
11.8
12 5
13.4
14.1
15.0

2.7
2.8
2.5
2.7
3.1
3 0
3.4
3.7
4.1
5.0
5.7
6.4

16 2
17. 1
17.9
19.3 ..
20.5
21.3
22 0 22.7
24.5
26.1
26.7
27.4 li .

6.7
7.1
6.3
7.8
8.2
7.5
1,1
7.7
8.9
9.1
9.3
8.6

.4
4
.5
.5
.6
.6
,6
.6

28. 9 1
jl 31.5
32.0
32 5 . . . . . . .
33.0
34.6
36 5 :
36.9
37.3 . . . . . . .
37.6
38.3
40.4

9.4
10.2
9.1
9.1
9.0
9.6
10.0
10.0
9.1
9.1
10.0
9.8

.6
.6
.7
.7
.7
,1
,1
.1
.7
.7
.7
.7

41.1
41 7
42.2 . . . . . . . .
42.6 ;
43.8
45,6
46.5
46.7
46.7
46.8 i
47,5
48,2

9.9
9.9
8.9
9.1
10.0
10.1
10.1
10.1
9.0
8.8
9.1
8.2

.7
.7
.7
.9
.7
.9
2.0
,1 .
,7 : J . I
,5
2.3
2.3
,5
2.3
,5
2.4
,5
92.4
..5
92.5
,5
2.4
,5

'

.3
!3
,3
.3

;!

.3
.3
.4
4

1,0

'A

;}

'.3
.3
.5
.4
,4

.6
.4
,4
.6
,5
.5
.5
.5
.6
.6
M.2
,7

U.S. GOVERNMENT FINANCE


13.2 U.S. GOVERNMENT DEBT VOLUME AND KIND OF DIRECT SECURITIES
MONtHLY, 1940-70 Continued
[In billions of dollars]
Interest-bearing
Marketable
End of
month

Gross
public
debt

Total

Nonmarketable

Total

Bills

Certificates

Tax
antici- Notes 2 Bonds3
pation1
series

Total

Special
Treasissues
ury
ConU.S.
Forto
tax
vereign 5 savU.S.
and
ings 6 tible 7 savGovt. issues bonds
bonds
acings
counts4
notes

Other 8

Noninterestbearing

1946 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

278.9
279.2
276.0
273.9
272.6
269.4
268.3
267.5
265.4
263.5
262.3
259.1

277.5
277.9
274.7
272.7
271.4
268.1
267.0
266.4
264.2
262.4
260.9
257.6

199.6
199.8
197.1
195.1
193.5
189.6
187.6
186.4
184.3
182.3
180.3
176.6

17.0
17.0
17.0
17.1
17.0
17.0
17.0
17.0
17.0
17.0
17.0
17.0

41.5
41.4
40.4
38.4
36.8
34.8
37.7
36.5
34.5
32.5
30.5
30.0

19.6
19.6
18.3
18.3
18.3
18.3
13.4
13.4
13.4
13.4
13.4
10.1

121.5
121.8
121.4
121.4
121.4
119. 5
119.5
119.5
119.5
119.5
119. 5
119.5

77.8
78.1
77.7
77.6
78.0
78.5
79.4
80.0
79.9
80.1
80.6
81.0

20.7
20.9
21.1
21.2
21.5
22.3
23.0
23.4
23.9
24.0
24.3
24.6

48.6
48.7
48.7
48.8
48.9
49.0
49.3
49.5
49.5
49.6
49.7
49.8

8.1
8.0
7.4
7. 1
7.1
6.7
6.7
6.7
6.1
6.0
6.0
5.7

.5
.5
.5
.4
.4
.4
.4
,4
.4
.5
.7
1.0

1.4
1.3
1,3
1.2

1947 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

259.8
261.4
259.1
255.9
256.6
256.6
257.8
258.4
257.6
257.6
256.9
255.6

258.4
258.1
255.8
254.4
255.0
255.1
256.3
257.1
256.1
256.3
255.6
254.2

176.4
175.4
172.5
170.5
169.9
168.7
168.5
168.4
167.9
167.1
166.4
165.8

17.1
17.0
17.0
16.6
16.0
15.8
15.8
15.7
15.7
15.7
15.3
15.1

29.8
28.8
27.8
26.3
26.3
25.3
25.1
25.0
24.9
24.8
24.5
21.2

10.
10.
8.
8.
8.
8.
8.
8.1
7.8
7.8
7.8
11.4

119.5
119.5
119.5
119.5
119.5
119.5
119.5
119.5
119.5
118.7
118.7
118.0

81.9
82.7
83.3
83.9
85.0
86.4
87.8
88.7
88.2
89.2
89.2
88.4

24.8
24.9
25.2
25.3
26.2
27.4
28.5
29.2
29.5
29.4
29.5
29.0

50.3
SO. 7
50.9
51.1
51.2
51.4
51.6
51.7
51.8
51.9
52.0
52.1

5.6
S.6
5.4
5.5
5.5
5.6
5.6
5.6
5.5
5.6
5.5
5.4

.2
.5
.8
2.0
.1
.1
.2
2.2
,4
.2
.1
.I

1.4
3.3
3.3
1.5
1.6
1.4
1.4
1.3
1,5
1.4
1.3
1.4.

1948 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

255.3
253.3
251.8
251.1
251.1
251.1
252.2
251.9
251.5
251.3
251.4
251.7

254.0
252.1
250.6
249.9
250.0
250.1
251.2
250.9
250.5
250.3
250.4
250.6

164.9 14.8
162.8 14.4
161.3 . 13.9
160.9 13.7
160.9 13.8
160.3 13.8
159.6 13.3
159.1 12.8
158.3 12.6
157.9 12.6
157.7 12.4
157.5 12.2

20.7
18.9
20.3
20.1
20.1
22.6
22.3
22.3
22.3
26.0
26.0
26.5

11.4
11.4
11.4
11.4
11.4
11.4
11.4
11.4
11.2
7.1
7.1
7.1

118.0
118.0
115.7
115.7
115.7
112.6
112.6
112.6
112.2
112.2
112.2
111.6

89.0
89.3
89.3
89.0
89.1
89.7
91.6
91.7
92.2
92.4
92.7
93.1

29.1
29.2
29.3
29.2
29.3
30.2
30.8
30.9
31.2
31.2
31.4
31.7

52.5
52.8
53.0
53.1
53.1
53.3
54.6
54.7
54.8
54.9
54.9
55.1

5.4
5.3
5.1
4.9
4.7
4.4
4.4
4.3
4.4
4.5
4.6
4.6

.0
.0
.9
.9
.9
.8
.8
.8
.8
.8
.8
.8

1.3
1.2
1.2
1.1
1. 1
1. 1
1.0
1.0
1.0
LO
1.0
l.t

1949 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

251.5
251.6
250.6
250.5
250.8
251.7
252.8
254.8
2'55 . 6
255.7
256.0
256.1

250.4
250.6
249.6
249.5
249.9
250.8
251.9
253.9
254.8
254.9
255.1
255.0

157.0
156.8
155.6
155.4
155.5
155.1
155.0
155.6
155.6
155.4
155.4
155.1

12.1
12.1
11.6
11.5
,11.5
11 ."5
11.5
12.1
12.3
12.3
12.3
12.3

29.6
29.4
28.8
28.7
28.7
29.4
29.2
29.2
30.4
30.2
30.2
29.6

3.6
3.6
3.6
3.6
3.6
3.6
3.6
3.6
3.6
3.6
3.6
8.2

111.6
111.6
111.6
111.6
H I .6
110.6
110.6
110,6
109.3
109.3
109.3
104.9

93.5
93.8
93.9
94.1
94.4
95.6
96.9
98.4
99.1
99.5
99.8
99.9

31.8
31.8
31.9
31.8
31.9
32.8
33.0
33.4
33.9
33.8
33.8
33.9

55.4
55.7
55.9
56.0
56.1
56.3
56.5
56.5
56.6
56.7
56.7
56.7

4.6
4.6
4.4
4.5
4.7
4.9
5.7
6.8
6.9
7.3
7.5
7.6

.7
.7
.7
.7
,7
.7
.7
.7
.7
.7
.7
.7

1.1
1.0
1.0
1.0
.9
.9
.9
.9
.9
.9
.8

1950 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

255.9
255.4
254.5
254.4
255.1
256.1
256.3
256.6
255.9
255.7
255.8
255.4

254.9
254.4
253.5
253.5
254.2
255.2
255.4
255,8
255.0
254.7
254.9
254.3

154.8
154.8
154.5
154.6
155.0
155.3
155.2
155.2
153.8
152.8
152.8
152.4

12.3
12.3
12.3
12.6
13.0
13.5
13.6
13.6
13.6
13.6
13.6
13.6

29.3
27.3
24.4
23.4
23.4
18.4
12.8
12.8
11.6
5.4
5.4
5.4

8.3
10.2
14.8
15.6
15,6
20.4
25.8
25.8
31.7
36.9
36.9
39.3

104.9
104.9
103.0
103.0
103.0
103.0
103.0
103.0
96.8
96.8
96.8
94.2

100.0
99.6
99.0
98.9
99.2
99.9
100.2
100.6
101.2
102.0
102.1
101.8

33.5
32.9
32.1
31.8
31.9
32.4
32.5
32.7
33.4
33.5
33.7
33.7

57.0
57.2
57.3
57.4
57.5
57.5
57.6
57.5
57.4
58.0
58.0
58.0

7.9 !
8.0
8.0
8.1
8.3
8.5
8.6
8.9
8.9
9.0
8.9
8.6

.7
.6
.6
.6
.5
.5
.5
.5
.5
.5
.5
.5

1.0
1.0
.9
.9
.9
.9
.9
.8
1.0
.9
.9
1.2

1951Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

254.9
254.7
253.7
253.4
253.8
253.9
254.4
255.4
256.1
257.0
258.3
258.1

253.7
253.4
252.6
252.3
252.7
252.9
253.3
254.3
255.0
255.9
257.3
257.1

151.6
151.6
151.6
138.1
138.0
137.9
139.3
139.7
140.2
141.8
142.7
142.7

13.6
13.6
13.6
13.6
13.6
13.6
14.4
15.0
15.6
15.6
15.6
15.6

"9,'s
9.5
14.7
15.3
28.0
28.0
29.1

43.8
43.8
43.8
43.8
43.8
35.8
36.4
31.0
31.0
18.7
18.4
18.4

94.2
94.2
94.2
80.6
80.6
79.0
79.0
79.0
78.2
78.2
78.2
77 A

102.1
101.8
100.9
114.2
114.7
114.9
114.0
114.6
114.8
114.2
114.5
114.4

34.0
33.9
33.5
33.6
34.0
34.7
34.7
35.1
35.6
35.6
35.9
35.9

58.0
57.8
57.8
57.7
57.6
57.6
57.5
57.5
57.5
57.5
57.6
57.6

8.7
8.7
8.3
8.1
8.2
7.8
7.9
8.0
7.8
7.7
7.7
7.5

.3
.3
.3
.3
.3
.3
.3
.3
1,3
1.3
1.3
1.3

1.2
1.3
t.2
1.2
1.1
1.1
1.0
1.0
1.1
1.1
1.0
1.1

Digitized for FRASER


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

1,2
245
2,5

869

'13.5
13.6
13.6
12.6
12.6
12.6
12.1
12.1
12.1

L3
1.2
1.2
1.2
1.1
1.4
1.5

U.S. GOVERNMENT FINANCE


13.2 U.S. GOVERNMENT DEBT VOLUME AND KIND OF DIRECT SECURITIES
MONTHLY, 1940-70 Continued
[In billions of dollars]
Interest-bearing
Nonm irketable

Marketable
End of
month

Gross
public
debt

Total

Special
'
issues
Con- i
U.S.
Forto
versaveign
U.S.
ings 6 tible 7 '1I
Govt. issues3 i1 bonds
bonds
aci
counts4

Total

Bills

Certificates

Tax
2
3
anticipation1 Notes Bonds Total
series

29.1
29.1
29.1
28.4
28.4
28.4
28.2
28.0
27.8
16.9
16.9
16.7

18.4
77.1 114.8
18.4
77.1 115.4
18.4
77.0 114.4
19.0
77.0 114.3
19.0
77.0 115.1
19.0 1 75.8 116.5
19.0
80.0 i 116.6
19.0
79.9 116.9
116.7
i 19.0
79.9
30.2
79.9 116.0
30.3
79.9 116.6
4,5
30.3
79.9 116.7
4.5

36.2
36,4
36.5
36.7
37.2
37,7
37.9
38.3
38.4
38.4
38.8
39.2
39.1
39.3
39.4
39.5
39.7
40.5
40,6
41.0
41.0
40.9
41.0
41.2

1952Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

258.5
259.1
256.8
257.0
258.7
257.8
261.8
261.9
261.4
263.7
266.2
266.1

257.5
258.1
255.8
256.1
257,7
256.9
260.9
261.1
260.6
262.8
265.3
265.3

142.7
142.7
141.4
141.8
142.6
140.4
144.3
144.1
143.9
146.8
148.8
148.6

15.6
15.6
15.6
16.2
17.0
17.2
17.2
17.2
17.2
17.2
17.2
17,2

1953Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

266.1
266.3
263,2
263.3
265.2
264.8
271.4
271.9
271.7
272,1
273.9
273.8

265,3
265.5
262.4
262.6
264.4
263.9
270.6
271,1
270.7
271.3
273.1
272.9

148.6
148.4
146.0
146.1
148.3
147.3
153.8
153.7
152.8
153.0
154.7
154.6

17.2
16.7
16.0
17.2
17.2 ! 16.0
17.3
16.0
17.9
16.0
18.9
15.9
19.4
21.8
19.4
15.8
19.5
20.5
19.5
20.5
19.5
20.5
19.5
20.5

4.5 ! 30.3
30.3
4.5
30.3
2.0
30.4
2.0
30.4
2,0
30.4
.8
30.5
.8
30.5
6.7
33.6
5.9
33.7
5.9
33.2
5.9
31.4
5.9

116.8
79.9
80.5 117.0
80.5 116.4
80.5 116.4
82.0 116.1
81.4 116.6
81.3 1 116. 8
81.3 117.5
73.4 117.9
73.3 118.3
75.6 118.4
77.3 118.3

1954 Jan.
Feb.
Mar.
Apr,
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec,

273,5
273.4
268.8
269.7
272.1
269.8
269.5
273.5
273,3
277.2
277.3
277.2

272.6
272.5
267.8
268.9
271,3
268.9
268.7
272.7
272.4
276.4
276,2
275,7

154.6
154.5
150.1
151.1
153.3
150.4
150.3
154.0
154.0
158.1
158.2
157.8

19.5
20.5
19.4
19.5
19.4
19.5
19.4
19.5
19.5 1 18.6
19.5
18.4
18.4
19.5
19,5
14.5
14.4
19.5
14.4
19.5
14.4
19.5
19,5
24.7

31.4
5.9
5.9 i 26.9
26.8
1.5
26.8
2,5
31.9
2.5
32.0

77.3
82.9
82.9
82.9
80.8
80.5
32.0 i 80.5
84.3
32.0
84.3
32.0
36.2
84.3
36.2
84.3
28.0
81.8

118.0
118.0
117.7
117.8
118.0
118.6
118.3
11B.7
118.5
118.3
118.4
117.9

57.7
41.0
41.1
57.8
41.0
57.9
58.0
41.0
41.4
58.0
42.2
j 58.1
58.0
42.2
42,5 '.'.'.'.'.'.'. 58,1
42,4 . . . . . . . 58.1
42.2
58.1
42.4
58.2
42.6 . . . . . . . 57.7

1955Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

276,9
276.6
272.5
275.1
275.9
272.8
276.0
276.7
275.9
278.2
278.5
279.1

275.7
275.6
271,2
273,9
274.8
271.7
275,0
275.7
274,9
277,3
277.6
277.8

157.8
157.8
153.4
156.6
158.4
155.2
158.6
158.9
159.5
162.5
162.6
163.3

19.5
19.5
19.5
19.5
19,5
19.5
19.9
20.3
20.8
20.8
20.8
20.8

24.7
17.7
17.7
17.7
13.8
13.8
13.8
5.4
5.4
5.4
5.4
9,1

3.7
3,7

28.0
35.3
35.0
35.0
40.7
40.7
40.7
47.6
47.7
47.8
47.8
43,3

81.8
81.5
81.1
81.1
81.1
81.1
81.9
81.9
81.9
81.9
81.9
81.9

117.9
117.8
117.9
117.3
116.4
116.5
116.4
116.9
115,4
114,7
115.1
114.5

42.3
42.0
42.1
41.7
42.2
43.3
43.3
44,2
43,9
43,7
44.0
43.9

1956Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

278.4
278.4
274.7
274.1
275.0
271.0
270.9
273.9
272.6
273.6
275.4
275.5

277.2
277.3
273.5
273,1
274.0
269.9
270.0
273.0
271.7
272.7
274.5
274.2

163.3
163.3
159.5
159.6
159.6
155.0
155.0
157.3
156.4
158.0
159.8
160.4

20.8
20.8
20.8
20.8
20.8
20.8
20.8
20.8
20,8
22.4
24.2
24.2

9.1
9.1
16.3
16,3
16.3
16.3
16.3
16.3
16.3
16.3
16.3
14,5

43.4
43.4
36.0
36.1
36.1
36.0
36.0
35.1
35.2
35.2
35.2
35.3

81.9
81.9
81.9
81.9
81.9
81.9
81.9
81.9
80.9
80.9
80.9
80.9

113.7
113.9
114.0
113.5
114.4
114.9
115.0
115.6
115.3
114.7
114.7
113.8

43.6
43.7
43.7 '
43.4
44.3
45.1
45.4 !
46.1
45.8
45.5
45.7
45.6

1957Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

274.8
275.0
273.9
273.1
274,1
269,5
271.5
272.9
273.6
273.3
274.0
274,2

273.7
273.9
272.8
272.1
273.1
268.5
270.6
272.0
272.7
272.4
273.1
272.9

160.5
160.9
159,9
160.0
160.3
155.7
158.8
160.2
161.8
162.2
163.4
164.2

22.7
21.5
21.9
21.9
21.9
18.6
24.9
23.7
22,2
23.7
23.7
23.9

14,5
15.7
18.1
18.1
20.5
19,2
20.5
34.1 I
35.0
34.7
34.7
34.6

35.3
33.9
34.4
34.4
30.9
31.0
31.0
17.1
19.3
19.4
20.6
20.7

80.9 j 113.2
80.9
113.0
80.9
112.9
80.9 112.1
80.8
112.8
80,8 112.8
80.8 111.8
80.8 111.8
110.9
80.8
81.5 110.2
81.5 i 109.7
82.1 i 108,7

45.3
45.5
45,6
45.2 ;
46.1
46.8
46.3
46.7
46.2
46.1
46.0 !
45.8

Digitized for FRASER


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

2.5
2.5
1.2
1.2
1 2

'"^s"

3.7
3.7
3.7
3.7
3.7

3.2
3.2
2.2
3.7
3.7
6.7
6.7 i
8.2
8.2

a. 2

4.5
4.5
4.5
3.2
3,2
3.2
3.2
5.5
7.1
8.9
4.7
4.7
6.2
6.2
1.5
4.5
4.5
3.0
3.0

3.0 ;

870

57.7
37,7
57.7
:

S7 6

57.6
57.7
57.7
57.8
57.8
57.8
57.8
57.9

:::::::

' i

12.0
12.0
12.0
11.5
11.5
13.1
13.1
13.2
13.2
12.5
12.5
12.5

NoninTreas- ,j
j tercstury
i;
beartax
ing
and
Othe;
savings
notes
7.5 '
8.0
6.9 :
7.1

7.5
6.6

6.4

1.;
1..
1.
1..

1.0
1.0
1.0
.9

i.;
i.; \

i)

1.

6.3
6.0
6.0
6.1

i.:\
i.;
i.:
i,:

t
I
l
!'

5.8

l.< I

5.7

'

1 \ J

12,5
i 58,1
12.5
i 58.3
58.4
12.4
58.4 1 12.4
12.4
57.9
57.9
12.3
57.9
12.3
12.3
57 9
1 57. a 12.2
12,0
57. 8
12.0
57.8
57.7
12.0

4.9

1 f i

4.8
4.5
4.7
5.0
5,6
6.3
6.2 .
6.0 i

1
I
1
1
1
1
1
i

12.0
12.0
I I .9
11.9
11.9
11.9
11.9
11.9
11.8
11. B
11.8
11.8

6,0 1
5.9
5.6
5.5 <
5.3
5.1
5.0
4.9
4.8
4.8
4.7
4.5

1.?
1.3
1.3
1.?
1.3
1.3
1.3
1,3
1.3
1.3
1.3
1.3

58.0
58.2
58.4
58.3
58.3
58.4
51.4
58.5
58.3
58.3
58.3
57.9 j

11.8
11.7
11.7
11.7
11.7
11.7
11.7
11.6
11.5
11.4
11.4
11.4 !

4.5
4,4
4.3
4.3
2.8
1.9
1.7
1.2 i
.4
.'1 !
.1

1.4
1.4
i.4
1.4
1.3
1.3
1.3
1.3
1.3
1.3
1.3
1.4

57.6
57.7
57.7
57.7
57 7
57.5
57 4
57.3
57.3
57.1
56.9 i
56.3

11.3
11.3
11.2
11.2
11 1
H.I
i l l
11.0
11.0
10.9
10.9
10.8

56.0 i
55.8 :
55. 6
55 4
5S.2
54.6
54.3
54.0 !
53. S ;
53.5 ,
53,2 ;i
52.5

10.7
10.6
10.5
10 4
10,3
10.3
10.2
10.1
9.9
9.7
9.6
9.5

5.6
4.8

. .....

....;..
1:

.......
! . . ...
.

....

.......
. .. ..
....... ;
.......
.......
,.......:
! ...

i :
i:

3
< ;
<
< 1
<
4
4
^

.9
.9
.9

.8
.8

.8
.9
.8
.8
.9

.2

!s
!;

;
i

1 2 ;
1 .2
1.2
1 2
1.2
1.2
1.2 i
1.2 i
l.l
1.1
l.l
1.1
1.1 I
1.1
1.0
1.0
1,0

.8
.8
.8
.8
.8
.8

.9
.9
1.0
.8
.8
.9
.9
.8
.8
.8
.8
1.5

1.3 1
1.3
1.4

1.2

1.0
.9
.9
.8
.8
.8

.1

!i
.0

1.0
1.0

:5

1.3

,2
,1
,2
.0

.0

!9
.9
.9
.9
.9
1.3
.1
.1
.1
.1
.0
.0
.9
.9
.9
.9
.9
1.3

U.S. GOVERNMENT FINANCE


13.2

U.S. GOVERNMENT DEB^ VOLUME AND KIND OF DIRECT SECURITIES


MONTHLY, 1940-70 Continued
[In billions of dollars]
Interest-bearing
Marketable

End of
month

Gross
public
debt

Total
Total

Bills

Certificates

Nonmarketable

Tax
antici- Notes2 Bonds3
pation1
series

Total

Special
Treasissues
ury
ConU.S.
tax
to
ForversavU.S.
eign 5
and
ings 6 tible 7 savGovt. issues bonds
bonds
acings
counts4
notes

Other8

Nonmte restbearing

1958 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

273.8
274.0
272.0
274.4
275.0
275.7
274.8
277.9
276.0
279.5
282.4
282.2

272.8
273.0
270.9
273.4
274.0
274.7
273,9
277.0
275.0
278.6
281.4
280.8

164.6
164.5
162.9
166.0
166.0
166.7
166.4
169.2
167.7
172.2
175.4
175,6

24.3
23.1
23.0
22.4
22.4
22.4
22.4
22.4
22.7
25.9
26.2
26.8

34.6
3.0
31.5
3.0
31,5
31.1
31.1
32.9
32.9
34.9 '"3.6
34.9
3.6
34.9
3J6
34,9
6.6
32.8
6,6

20.7
20.5
20.7
24.7
24.8
20.4
20.5
20.7
20.7
21.9
21.9
26.1

82.1
86.4
87.7
87.7
87.7
90.9
90.6
87.7
85.8
85.8
85.8
83.4

108.2
108.5
108.0
107.5
108.0
108.0
107.5
107.7
107.3
106.4
106.1
105.3

45.5
46.0
45.8
45.4
46.1
46.2
45.9
46.3
46.0
45.4
45.1
44.8

52.3
52.3
52.3
52.2
52.1
52.0
51.9
51.9
51.8
51.7
51.7
51.2

9.5
9.3
9.1
9.0
9.0
8.9
8.8
8.6
8.5
8.4
8.4
8.3

.9
.9
.9
.9
.9
.9
.9
.9
1.0
.9
.9
.9

1.0
1.0
1.0
.9
.9
1.0
.9
.9
1.0
1.0
1.2
1.3

1959 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

285.1
284.3
281.1
284.4
285.4
282.7
286.7
288.4
286.3
289.3
288.5
288.7

283.8
283.2
280.1
283.5
284.5
281.8
285.8
287,6
285.5
288.5
287.7
287.7

179.8
179.3
176.3
180.7
181.0
178.0
183.1
184.5
183.1
187.4
187.0
188.3

27.3
27.3
27.7
29.7
29.0
29.0
31.0
31.6
31,6
31.6
31.6
33.6

32.8
34.4
34.4
34.4
33.8
33.8
33.8
20.3
20.3
20.3
19.7
19.7

6.6
8.1
4.5
4.5
6.0
3.0
6.0
7.0
5.5
7.5
7.5
6 JO

28.9
25.3
25.4
27.2
27.3
27.3
27.3
40.7
40.8
43.1
43.3
44.2

84.2
84.2
84.2
84.9
84.9
84.9
84.8
84.8
84.8
84.8
84.8
84.8

43.9
104.0
43.9
103.9
43.9
103.8
43.3
102.8
44.2
103.5
44.8
103.8
44.0
102.8
44.7
103. 1
102.4
44.4
101.0 . 4 3 . 6
43.6
100.8
99.4
43.5

51.0
51.0
51.0
50.8
50.7
50.5
50.2
50.0
49.7
49.4
49.3
48.2

8.2
8.1
8.0
7.8
7.7
7.7
7.6
7.6
7.5
7.3
7.2
7.1

.9
.9
.9
.9
.9
,9
.9
.9
.9
.7
.7
,7

1.2
l.l
1.0
.9
.9
.9
.9
,8
.8
.8
.8
t.O

I960 Jan.
Feb.
Mar,
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

289.0
288.5
284.6
286.6
287.
284.
286,
286.4
286.
288.
287.9
287.7

288.1
287.6
283.8
285.8
286.3
283.2
285.3
285.6
285.4
287.4
287.1
286.8

189.9
189.4
185.4
188.1
187.7
183.8
186.9
186.3
186.4
189.4
188.8
189.0

33.1
33.2
33.1
33.1
33.3
33.4
32.9
32.9
32.9
32.4
32.4
32.4

19.7
15.2
15.2
15.2
17.6
17.6
17.6
25.5
25.5
25.5
18.4
18.4

8.0
8.0
4.0
4.0
4.0
3.5
3,5
3.5
7.0
7.0
7.0

44.2
48.2
48.3
50.6
47.6
51.5
51.6
42.0
42,1
42.1
51.2
51.3

84.8
84.8
84.8
85.2
85.2
81.3
81.3
82.3
82.3
82.3
79.7
79.8

98.2
98.2
98.3
97.6
98.6
99.4
98.4
99.3
99.0
98.0
98.3
97.8

42.6
42.8
43.3
42.8
43.9
44.9
44.2
45.2
45.0
44.3
44.6
44.3

47.9
47.8
47.8
47.6
47.6
47.5
47.4
47.3
47.3
47.4
47.4
47.2

7.0
6.9
6.6
6.5
6.4
6.3
6.2
6.2
6.1
5.8
5.7
5.7

.7
.7
.7
,7
.6
.6
.6
.6
.6
,6
.6
.6

.9
.9
.8
.8
.8
.9
.8
.8
.8
,7
.8
.9

1961 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

287.5
288.0
284.9
285.4
287.6
286.4
289.8
291.6
291.6
293.5
294.5
293.6

286.6
287.2
284.1
284.6
286.8
285.7
289 . 0
290.7
290.8
292.7
293.6
292.7

189.3
189.9
186.5
188.1
188.9
187,1
191.3
191.1
191.9
195.2
195.6
196.0

32.7
32.9
33.0
33.2
33.4
35.2
35.8
35.9
35.9
36.6
37.4
37.4

18,4
11.5
I I .5
11.5
13.3
13.3
13.3
5.5
5.5
5.5
5.5
5.5

7.0
7.0
3.5
5.0
5.0
1.5
5,0
5,0
6.0
6.0
6jO
6.0

51.3
58.7
57.8
57.5
56.2
56.3
56,3
65.0
65.2
67.8
71.5
71.5

79.8
79.8
80.7
80.9
80.9
80.8
80.8
79.7
79.3
79.3
75.2
75.5

97.3
97.3
97.5
96.5
98.0
98.5
97.7
99.5
98.8
97.5
98.0
96.7

43.8
43.7
44.0
43.0
44.5
45.0
44.2
45.6
45.0
43.9
44.2
43.5

47.2
47.3
47.4
47.4
47.5
47.5
47.6
47.6
47.7
47.7
47.8
47.5

5.6
5.6
5.5 I
5.4
5.4
5.4
5.3
5.2
5.1
4.7
4.7
4.6

.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6

.8
.8
.8
.8
.7
.7
.8
.9
.9
.8
.9
1.0

1962Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

294.0
294.4
293.3
294.2
296.4
295.4
294.7
298.7
296.3
298.9
302.1
300.2

293.1
293.5
292.5
293.4
295.5
294.4
293.9
297,9
295.6
298.1
301.4
299.2

197.6
197.6
196.5
198.1
198.2
196.1
196.9
199.3
198.0
201.3
204.2
203.0

37.9
38.2
38.7
39.1
39.4
40.2
41.0
41.8
42.2
43.1
44.8
45.2

5.5
12.4
12.4
12.4
13.5
13.5
13.5
20.4
17.8
17.9
22.7
22.7

6,0
6,0
4.3
4<3
4,3
1,8
1*8
1*8

71.6
64.4
64.5
64.5
65.4
65.5
65.5
58.1
58.1
57.6
53.7
53.7

76.6
76.6
76.6
77.8
75.5
75.0
75.0
77.2
79.8
79.7
80.0
78.4

95.5
95.9
96.0
95.2
97.3
98.4
97.0
98.6
97.6
96.8
97.2
96.2

42.3
42.8
42.8 j
42.1
44.3
44.9
43.8
45.4
44.6
43.9
44.2
43.4

47.5
47.5
47.6 i
47.6
47.6
47.6
47.7
47.7
47.7 i
47.7
47.7
47.5

4.5
4.5
4.4
4.3
4.3
4.3
4.3
4.2
4. 1
4.0
4.0
4.0

.6
.6
.6
.6
.6
.6
.7
.6
.6
.5
.5
.6

.9
.9
.8
.8
.8
.9
.8
.8
,8
.8

i!o

1963Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

300.1
301.4
299,8
299.9
302.0
302.7
301.6
303.3
303.4
303.2
304.9
306.0

299.3
300.6
299.0
299.2
301.2
302.0
300.9
302.5
302.7
302.5
304.1
305.2

204.0
204.8
203.5
204.3
204.1
203.5
203.5
203.2
204.3
205.3
206.6
207.6

45.9
45.9
46.0
46.9
47.2
47.2
47.2
47.2
48.2
47.7
48.5
49.5

22.7
23.7
21.8
21.8
22.2
22.2
22.2
17.0
15.5
15.5
10.9
10.9

3|0
4,0
2,5
2,5
2,5

53.7
50.0
53.4
53.0
52.1
52.1
52.2
58.6
54.1
53.7
58.7
58.7

78.6
81.1
79.8
80.1
80.1
82.0
82.0
80.5
86.5
86.4
86.4
86.4

95.4
95.8
95.5
94.9
97.1
98.4
97.4
99.3
98.4
97.1
97.5
97.6

42.2
42.5
42.2
41.6
43.6
44.8
43.7
45.5
44.6
43.3
43.6
43.7

47.7
47.9
48.0
48.1
48.2
48.3
48.4
48.5
48.6
48.7
48.8
48.8

4.0
3.9
3.7
3.5
3.5
3.5
3.5
3.4
3.4
3.3
3.3
3.2

.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6
.6

.8
.8
.8
.7
.8
.7
- 7
\1
.7
.7
.8
.8

Digitized for FRASER


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

3,0
3iO
3,0

"2.Q
2.0
2,0

871

.5
.5
.5
.6
.5
.5
.5
.6
.6

:?|
.7
.7
.7
,7
.7

.9
1.0
1.0
.0
.2
.3
.3
.2
.2
.3
.4
.3

U.S. GOVERNMENT FINANCE


13.2 U.S. GOVERNMENT DEBT VOLUME AND KIND OF DIRECT SECURITIES
MONTHLY, 1940-70 Continued
[In billions of dollars]
Interest-bearing
i

Marketable

End of
month

Gross
public
debt

Total
Total

Bills

Certificates

10.9
4.2
4.2
4.2

1964 Jan.
Feb.
Mar.
Apr,
May
Juno
July
Aug.
Sept.
Oct.
Nov.
Dee.

305.3
306.9
306.1
304.1
308.1
308.1
307.6
310.5
311.9
311,9
314.8
314.3

304.5
306 A
305 . 4
303.4
307.2
307.4
306.9
309.6
311.1
311.2
314.0
313.6

208.6
209.2
208.2
207.4
208.0
206.5
206.8
207.7
209.0
210.1
212.4
212.5

48.1
49.0
50.0
48.5
49,7
50.7
51.0
52.0
52.3
52.5
52.5
52.5

1965 -Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

314.4
316.2
314.0
312.9
315.7
313.8
312.8
314.5
313.0
315.1
318.0
317.2

313.7
315.5
313.3
312.2
314.2
313.1
312.2
313.9
312.4
314.6
317.4
316.5

214.4
214.9
212.5
212,5
211.0
208.7
208.7
208.4
208.4
212.1
214.6
214.6

52.7
53.1
53.3
53.7
52.7
53.7
53.7
53.7
53.7
53.6
53.6
53.7

1966Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dee.

318.2
319.5
317.2
315.8
318.5
316.1
315.4
320.3
320.6
322.9
325.4
325.6

317.6
318.9
316.6
315.4
317.9
315.4
314.9
319.7
320.0
322.3
324,9
325.0

217.7
217.7
215.2
215.0
213.8
209.1
209.1
211.4
211.8
215.3
217.2
218,0

54.1
54,5
55,0
55,0
54.9
54.9
54.9
54.9
55.3
55.7
57.3
57.4

1.7
.7
.7
.7
.7
.7
.7
7.0
7.0
7,0
5,9
5,9

1967 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

325.5
326.3
327.6
324.5
327.6
322.9
327,7
332.9
333.0
337.6
342.2
341.8

324.9
325.7
327.0
323.9
327,0
322.3
327.1
332.4
332.4
337.0
341.6
341.2

218.8
219.2
219.9
217.1
216.6
210.7
215.0
218.3
218.6
223.3
226.1
226.5

58,2
58.6
58.6
58.6
58.6
58.5
58.8
59.3
59.7
60.3
60.9
61.4

5.9
5.9
5.9
5.9
5.6
5.6
5.6

1968 -Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

343.4
348,9
346.8
344.4
349.7
345.4
348.9
352.2
352.6
355.0
354,9
356.2

342.8
348.3
346,1
343,6
348.9
344.4
347.9
351.2
351.6
354.1
353.9
355.2

229.3
233.3
231.7
228,7
231.8
226.6
231.0
233.2
233.6
236.7
235.7
236,8

61.7
61.9
62.3
63.1
64.1
64.4
64.8
65.3
65.8
66.0
66.0
66.0

1969 -Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

358.6
357.9
358.7
357.6
359.2
352.9
356.2
359.4
359.9
363.6
367.3
367.4

357. 6
356.8
357.6
356.6
358.2
351,7
355. 1
358.3
358.8
362.4
366.3
366.2

238.5
236.5
237.3
235.0
234.1
226.1
229.6
231.2
231.2
235.0
237.9
235,9

66.0
66.0
68.8
68.6
68.6
68.4
68.3
70.5
70.4
70.5
70,9
71.3

Digitized for FRASER


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

Tax
antici- Notes2 Bonds3
pation1
series

Non marketable

Total

TreasSpecial
ury
issues
Contax '
to
*- I
vereign
and
Othe.rs
U.S.

ines
tible
savGovt. issues5 bon?*' bonds7
acings
notes
counts4

56.4 ': 88.7


4.5
64.5
87.0
4.5
87.0
2.5 ! 64.5
87.0
65.1
2.5
88.5
67.3
2.5
88.5
i 67.3
97.1
58.6
58.6
97,1
97.1
58.6
1.0
97.0
2.5
58.1
97.0
58.9
4.0
97.0
59.0
4.0

95.9
96.9
97.2
96.0
99.2
100.9
100. 1
101.9
102.1
101.1
101.6
101.1

41.9
42.9
43.2
42.0
45.0
46.6
45.7
47.4
47.4
46.3 1
46.7
46.1

1.3
48.9
1.2 i 49.0
49.1
1.1
1.2
49.1
1.3
49.2
1.2
49,3
1.3 : 49.4
1.3
49.4
1.6
49. S
1.6
49.6
1.6 i 49.7
1.7
49.7

3.2
3.2
3.2
3.
3.
3
3.
3.
3.1
3.1
3.1
3.0

53,2
55.5
55.5
55.1
52.5
52.5
52.5
50.4
50.4
50.2
50.2
50.2

102.8
100.6
100.5
100.5
102.5
102.5
102.5
104.3
104.3
104.3
104.2
104.2

99.3
100.7
100,8
99,8
103.2
104.4
103.5
105,5
104.0
102.5
102.7
101.9

44.2
45.6
45.7
44 4
47.8
48.6
47.8
49.8
48.1
47.0
47.1
46,3

1.7
1.7
1.7
1.8
1.9
2.3
2.2
2.1
2.3
2.2
2,4
2,4

49.8
49.9
49.9
50.0
50,0
50.0
50.1
50.2
50.2
50.3
50.3
50.3

3.0
3.0
2.9
2.9
2.9
2.9
2.9
2.9
2.9
2 8
28
2.8

50.2
50.9
50.9
50.8
50.6
50,6
50.6
45.9
45.9
45.6
48.3
48.3

104.2
103.2
103.2
103.1
102.0
101.9
101.9
100.6
100.5
100.5
99.2
99.2

99.9
101.2
101,4
100.4
104.2
106.3
105.8
108.2
108.2
107.0
107.6
107.0

44.4
45.8
46.0
44.9
48.8
51.1
50.7
53.2
53.1
51.9
52.6
52.0

2.3
2.2
2.1
2,0
1.7
1,8
!<f
1.6
1.7

1.1
1.5

50.3
30.3
SO, 4
50.4
50.5
50.5
50.6
50.6
50.6
50.7 1
50,8
50.8

1
2.8
2.8
2.8
2.7
2.7 . . . . . . . i
2.7
2,7
2 7
2^7
2.7
2,7
2.7

48.3
48.4
48.4
48.1
49.1
49.1
49.1
57.5
57.6
57.1
61.4
61.4

99.1
99.1
99.0
99.0
97.9
97.4
97,4
97.4
97.3
97.3
95.3
95.2

106.1
106.4
107.1
106.7
110.3
111.6
112.2
114.2
113.8
113.8
115.5
114,7

51.3
SLS
52.1
51.6
55.2
56.2
56.2
58.3
57.7
57.2
57.4
57.2

1.3
1.3
1.3
1.3
1.3
1,5
1,9
1.8 ,
1,9
2.4
3.8 1
3,1

50.8
50.9
51.0
51.1
51.1
51.2
51.3
51.4
51.4
51.6
51.7
51.7

2.7 :
2.6
2.6 i
2,6
2.6
2.6
2.6
2.6
2.6
2.6
2.6
2.6

61.4
66.7
66.7
66,5
71.1
71.1
71,1
75.4
75.4
75,3
76.5 '
76.5

95.2
93.6
93.6
93.6
91.1
91.1
91.0
88.4
88.3
88.3
86.2
85.3

113.5
115.0
114.5
114.9
117.1
117.8
117.0
118.0
118.0
117.4
118.2
118.3

55.9
57,2
56.7
57.0
59.2
59.5 '
58.9
60,1
59.7
58.8
59.0
59.1

3.2
3.4
3.3
3.5
3.5
3.7
3.5 I
3.3
3.7
3.8
4.4
4.3

51.7
51.7
51.8
51.8
51.9
51.9
52.0
52.0
52.1
52.2
52.3
52.3

2.6
2.6
2.5
2.5
2.5 '
2.5
2.5
2.5
2.5
2.5
2.5
2.5 ;

76.5
78.2
78.2
78.2 !
78.9
78.9

85.3
81.5
81,5
81.4
79.8
78,8
78.8
78.7
78.7
70.6
70.6
69.9

119.0
120.3
120.4
121.6
124.1
125.6
125.5
127,1
127.6
127,4
128.3
130.4

59,8
60.9
61.1
62.3
64.9
66.8
66.8
68.4
68.9
68.1 ,
69.3
71.0

4.4 '
4.5 j
4.5
4.5
4.4 ;
4.1
4.0
3.8
3.8
4.1
3.8
3.8

52.3
52.3
52.3
52.2
52.2
52.2

5.8
5.8
3.3
3.3
3.3

4.6
6.5
6.5
7.5
7.5
4.5
4.5
4.5
3.6
3.0
6.5
6.5
7.3
7.3
7.3
8.0
5.5
5.5
4.0
4.0
4.0
8.5
8.5
8.5
11. 0
11.0
9.0
5.5
5.5

"4.Q
4.0
4,0
7.0
7,0
9,0

10.8
10.8
8.8
6.8
6.8
3.5 1
3.5 i
3.5
8.5
11.0
9.3

78.9

78.5
78.5
85.4 .
85.4
85.4

872

i
!
,|
!

52.2 :;
52.1
52.1
52,1 :
52.1 '
52,2

.....
,......;
.......
.......
......
.

!!!!!!! i;

. j

!.1<>

.6
. <

.......
,

.6
,6
.S

.......
....... i

.6
.6
.6

.7
.7
.7
_7
1 .6
.7
.6
.6
.6
,6
,6
.7

. : . . . . . ! .22,2

.6
.6
.6

. . . : ; . .6.6

.4
,5
2

;i
i

;l

i!:!
.6
.6

"i
::.::::!

::::::: j

2.5 ;
2.5
2.5 i
2.5
2,5
2.5 :
2.5
2.5 . . . . . . .
2.4 '
2.4 !
2.4 '

.8
.8
,7
.7
.8
.8
.7
,9
.8
.7
.7
.7

..... '
.......

.....;; 1
:::::: :

2,5

.6
.6
.6
,5
,5
. t'j

Noninterestbearing

,6

.1.6

: i

.5
.5
.S
.6
.6

.6
.6
.7
.8
.8
1.0
.9
.0
.0
.0
.0
.0

.1
.1
.1

2
.3
.4
.7
.7
1.0

.0
.2
10
.0

!o

.2

U.S. GOVERNMENT FINANCE


13.2

U.S. GOVERNMENT DEBT -U VOLUME AND KIND OF DIRECT SECURITIES


MONTHLY, 1940-70 Continued
[In billions of dollars]
Interest-bearing
Nonmarketable

Marketable

End of
month

1970Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Gross
public
debt

366.7
368,0
371.2
366.4
370.3
370.1
375.7
380.1
377.9
379.4
382,8
388.3

Total

365.6
366.9
370.0
365.1
369.1
369.0
374.6
378.9
376.8
378.3
381.7
387.3

Total

Bills

236.3
236.0
238.2
234.0
236.6
232.6
237.8
240.5
239.3
242.2
244.4
247.7

71.8
71.9
72.7
73.4
73,8
74.4
74.9
75.3
75.9
76.4
77.3
80.6

Certificates

Tax
3
anticipation1 Notes 2 Bonds Total
series

9.3
9.3
11.0
6.3
6.3
1.8
6.5
6.5
4.8
7.3
7,3
7.3

85.4
91.4
91.4
91.3
93.5
93.5
93.5
99,9
99,9
99.8
101.2
101.2

* Includes bills beginning October 1951; and certificates, August 1953February


1959.
2
Includes National Defense series, December 1940-November 1945.
3
Includes Treasury bonds and minor amounts of: conversion bonds
through December 1947; postal savings bonds through June 1955; and
Panama
Canal bonds through May 1961.
4
Includes holdings of the Federal home loan banks.
6
Nonmarketable certificates of indebtedness, notes, and borids in the
Treasury foreign series and foreign currency series.
e7 Includes U.S. savings notes ("Freedom Shares") beginning May 1967.
Investment series B bonds, with 2% per cent coupon; while nonmarketable, these bonds may be exchanged at the owner's option for
\Yi per cent, 5-year marketable Treasury EA or EO notes.

Digitized for FRASER


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

69.8
63.4
63.1
63.1
63.0
63.0
62.9
58.7
58.7
58.7
58.6
58.6

129.3
130.9
131.8
131.1
132.6
136.4
136.8
138.4
137.5
136.1
137.2
139.5

Special
Treasury
issues
ConU.S.
tax
to
Forversavand
U.S.
eign 5
ings 6 tible 7 savGovt. issues bonds
bonds
ings
accounts4
notes

70.1
71.4
72.1
71,8
73,3
76.3
76.1
77.5
76.7
75,4
75.6
78.1

3.7
4.0
4.3
4.0
3.9
4.8
5.3
5.4
5.3
5.1
6.0
5.7

52.1
52.1
52.0
52.0
52.0
52.0
52.0
52.1
52.1
52.2
52.4
52.5

2.4
2.4
2.4
2.4
2.4
2.4
2.4
2.4
2.4
2.4
2.4
2.4

Other8

1,0
1,0
1.0
.9
.9
.9
1.0
1.0
1.0
1.0
.8
.8

Noninte restbearing

.1
.2
.2
.3

'A
.1

.2
.0
.1
1.1
1,1

8
Includes adjusted service bonds through May 1945; armed forces
leave bonds, October 1946-September 1951; investment series A bonds,
October 1947-September 1965; depositary bonds beginning July 1941;
Rural Electrification Administration bonds beginning July 1960; retirement plan bonds beginning January 1963; and special nonmarketable
Treasury
certificates, notes, and bonds beginning June 1963.
9
Figures for 5 months during the period January 1944-November 1945
include prepayments to the Treasury of the United States toward the
purchase of securities, as follows (in billions of dollars): January 1944,
2,2; November 1944, 2,5; May 1945, 0.9; October 1945, 0.1; and
November 1945, 0.2.

873

U.S. GOVERNMENT FINANCE


13.3 DEBT OF FEDERALLY OWNED AGENCIES AND GOVERNMENT-SPONSORED CORPORATIONS,
MONTHLY, 1940-70
tin millions of dollars]
Farm Crc dit Adm,
End of month

Total

Commodity
Credit
Corp.

ReconHome
Federal
Farm
struction Owners'
Mortgage Finance
Loan
Corp.
Corp.
Corp.

Federal
Housing
Adm.

U.S.
Federal
Housing National Federal
interAuMortgage
mediate
thority "
Assn.
credit
banks

85
85
85
85
85
85
85
85

,764
,763
,761
,744
,744
,744
,744
,751
,761
,762
,765
,755

49
49
49
49
49
49
49
49
49
49
116
91

11
10
11
11
12
13
13
14
14
14
14
14

226
226
226
226
226
226
226
226
226
226
114
114

85
85
85
85
85
85
85
85
85
85
85
85

200
204
214
224
227
235
244
248
245
241
234
233

,753
,752
,749
,738
,737
,737
,736
,734
,734
,732
,725
,716

91
91
91
76
76
76
76
76
76
76

13
13
13
14
15
17
17
17
17
17
16
15

114
114
114
114
114
114
114
114
114
114
114
114

85
85
85
85
85
85
85
85
85
85
85
85

254
267
278
287
297
299
302
304
298
275
264
281

,709
,701
,691
,686
,683
,680
,673
,663
,608
,591
,551
,533

91
76
102
92
92
92
92
92
88
88
88
70

114
114
114
114
114
114
114
114
114
114
114
114

85

297
295
293
282
289
292
293
297
281
274
285
308

,498
,472
,452
,451
,445
,441
,437
,424
,414
,395
,373
,362

70
46
37
35
35
35
35
35
60
66
66
64

,347
,325
,304
,288
1,096
1,096
898
894
845
845
845
845

64
64
54
64
64
58
58
44
44
44
67
67

845
842
842
842
685
685
455
631
631
631
631
631

50
SO
50
50
50
50
32
32
32
69
69
69

7,814
7,771
7,762
7,746
7,632
7,633
7,638
7,933
7,936
7,936
8,103
8,065

407
407
407
407
407
407
407
696
696
696
696
696

1,270
,270
,270
,270
,270
,270
,270
,270
,270
,270
,270
,270

,096
,096
,096
,096
,096
,096
,096
,096
,097
,097
,097
,097

2,810
2,784
2,771
2,764
2,641
2,634
2,631
2,627
2,623
2,621
2,618
2,615

3
4
6
7
7
8
9
9
9
12
13
13

114
114
114
114
114
114
114
114
114
114
226
226

1941Jan.
Feb. ,
Mar
Apr ,

May
June
July
Aug
Sept
Get
Nov
Dec

8,058
8,059
8,067
8,696
8,511
8,519
9,097
9,097
9,095
9,087
8,459
8,463

696
696
696
696
696
696
907
906
905
905
701
701

,270
,270
,270
,270
,270
,270
,270
,269
,269
,269
,269
,269

,097 i
,097
,097
,741
,741
,741
2,101
2,102
2,102
2,101
,802
,802

2,614
2,613
2,611
2,610
2,420
2,419
2,418
2,417
2,417
2,417
2,416
2,416

12
13
16
17
17
17
17
17
18
18
21
22

1942Jan
Feb,
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec

7,857
7,839
7,858
7,850
7,855
6,734
6,742
6,745
6,660
6,310
6,257
6,269

701
701
701
701
701
701
738
754
738
749
749
788

960
953
947
945
944
944
942
938
937
935
934
934

,494
,492
,492
,492
,492
I220
,216
,216
,216
898
897
896

2,416
2,415
2,415
2,415
2,414
,568
,551
,549
,548
,548
,547
,547

!?
1121

6,241
6,184
6,228
6,225
5,914
5,923
5,556
5,697
5,725
5,855
5,884
5,965

782
780
779
777
486
480
483
485
488
602
607
616

933
933
932
932
932
932
932
931
931
931
931
931

896
896
971
986
996
1,011
702 i
851
877
911
947
1,008

1,544
1,542
1,541
,540
,540
,539
,539
,539
,538
,538
,538
,538

6,004
5,938
3,961
3,920
3,113
3,062
2,810
2,793
2,743
2,724
2,714
2,706

603
600
587
580
575
561
689
695
700
699
689
687

931
931
175
149
62
43
38
35
33
31
26
19

1,066
1,141
553
587
176
176

2,696
2,309
2,318
2,328
2,193
,434
,265
,472
,474
,515
,496
,509

711
328
332
343
362
375
450
479
490
502
497
512

14
12
11
10
9
8
7
7
6
6
6
5

1QA3

Tin

Feb.......
Mar
Apr
. ..
May
June
Tnlv

Sept
Oet
Nov
"t"\ftn

1944Jan
Feb
Mar
Apr
May
June
July
Sept
Oet
Nt\\t
Dee
1945Jan
Feb
Mar
Apr
May
June. . . . . .
July
Aug
Sept
Oct
Nov
Dec

23
23
23
22
22
22
22
22
23

,538
,537
941
935
833
819
814
811
809
807
791
780

23
23
23
23
23

774
771
769
768
766
16
14
12
12
11
11
^

30
32
32
34
34
34
34
35
37
39
39

For notes see end of table.

Digitized for FRASER


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

ii
1
23

874

85

1!85

II
85
55
55

318
315
314
294
284
2B5
289
288
286
272
270
280

1.4

it

li
26
26
28

41

Eiteetrie
Home
and
Farm
Authority

206
189
193
200
207
213
221
221
218
216
205
204

1940 Jan
Feb
Mar.
Apr
May
June
July
Auu
Sept
Get,
Nov
Dec

21
20
21
21
21

Federal
land
banks

Federal
hoire
loan
banks

. . . .

-.
. . |i

271
273
281
281
287
265
273
275
267
257
244
242

91

,4

:;

12
11
10
9
9
7
7
7

U.S. GOVERNMENT FINANCE


13.3 DEBT OF FEDERALLY OWNED AGENCIES AND GOVERNMENT-SPONSORED CORPORATIONS,
MONTHLY, 1940-70Continued
[In millions of dollars]
Memo: Debt of Governmentsponsored corporations
Now private

Federal agency debt

Farm Credit Adm.


End of month

Total
Total

1946 jan
Feb
Mar
Anr

May
June
July
Auc

Sept
Oct
Nov
Dec

1947

Jan
Feb
Mar
Anr

May
June
July
Aug
Sept
Oct
Nov.
Dec.

1948Jan. ,
Feb
Mar

May!
June
Julv
Y11*
Aug
Sept
Oct
Nov,
Dec
l949-_jan<
Feb
Mar.
May
June
July
All2

Sept
Oct
Nov
Dec. .
1950 Jan.
Feb
Mar
Apr
May
June
July
Aue

Sept
Oct
Nov
Dec

1951

Jan
Feb
Mar
Apr
May
June
July
Seat

Oct
Nov
Dec

Commodity
Credit
Corp,

Federal
Federal
Home
Farm
Owners' Federal Federal
home
Banks
interloan
Federal
Mortgage Loan Housing
for
Adm. mediate
land cooperaCorp.
banks
Corp.
credit
banks
tives
banks

Total

Federal
land
banks

5
5
4
4
4
4
3
3
3
3
3
3

8
7
7
7
6
6
6
6
5
5
5
5

39
39
40
41
42
42
43
43
44
44
45
45

242
243
261
211
300
307
316
322
311
307
317
292

674
674
674
674
721
719
719
718
717
715
711
707

69
69
69
67
67
67
102
102
102
140
140
169

217
135
130
126
125
45
40
39
36
45
51
43

3
3
3
3
2
2
2
2
2
2
2

5
4
4
4
4
4
4
4
4
4
3
3

46
46
46
46
46
38
34
34
34
33
33
33

287
307
342
353
342
357
371
383
391
380
348
354

705
704
702
699
702
(3)

169
140
140
140
140
140
140
140
225
225
225
262

699
698
692
685
680
672
668

758
767
805
777
827
901
979
975
1,008
1,002
975
951

44
46
45
43
42
42
37
33
32
34
39
37

2
2
2
2
2
2
2
2

3
3
3
3
3
3
3
3
3
3
3
3

28
28
28
28
27
27
14
14
14
14
14
14

350
366
404
435
485
520
541
542
542
534
502
480

331
322
322
266
267
307
382
382
416
416
416
416

666
665
663
660
658
667
667
666
665
664
663
663

666
665
663
660
658
667
667
666
665
664
663
663

,528
,526
,539
,480
,515
,570
,532
,542
,504
,519
,487
,477

865
863
875
816
849
903
863
873
835
796
764
754

20
10
8
7
8
11
9
11
12
10
11
12

1
1
1
1
1

2
2
2
2
2
2
2
2
2
2
2
2

12
12
12
12
12
13
13
13
14
15
15
15

467
475
489
515
548
598
622
631
599
561
529
518

362
362
362
278
278
278
215
215
207
207
206
206

663
663
664
664
666
667
669
669
669
723
723
723

663
663
664
664
666
667
669
669
669
723
723
723

,395
,403
,414
,434
,456
,495
,577
,673
,817
,811
,792
,852

671
678
687
707
727
766
849
944
,087
,081
,062
,122

10
10
6
4
2
1

2
2
2
2
2
2
2
2

14'
15
15
15
16
16
13
15
18
20
20
21

460
449
461
483
505
544
561
569
565
557
536
507

30"
30
30
30
30
30
30
30
30
30
30

184
172
172
172
172
172
242
327
472
472
472
561

724
725
727
727
729
729
728
729
730
730
730
730

724
725
727
727
729
729
728
729
730
730
730
730

,855
,883
,934
,958
,973
2,082
2,122
2,090
2,080
2,085
2,125
2,097

,125
,153
,204
1,227
1,241
1,350
841
852
850
859
810
783

15
15
19
19
27
27
26
31
32
35
37
39

516
557
605
653
683
743
783
790
787
752
697
671

30
30
30
30
30
30
30
30
30
70
70
70

561
548
548
523
499
548
(3)

730
730
730
731
732
732
1,281
1,238
1,230
1,226
1,315
1,314

730
730
730
731
732
732
733
733
733
733
786
785

,543
,536
,557
,562
,640
,569
,470
,521
,530
,548
,537
,506

,543
,536
,557
,562
,640
,569
,470
,521
,530
,548
,537
,506

506
499
501
492
500
424
281
326
347
334
317
286

,431
,339
,366
,371
,361
,286
,289
,294
,377
,368
,334
,365

,431
,339
,366
,371
,361
587
591
602
692
688
662
697

,424
,432
,468
,437
,485
,568
,646
,641
,673
,666
,638
,614

For notes see end of table.

Digitized for FRASER


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

2
2
2

i
i
i

4
1

875

Federal
home
loan
banks

699
698
692
685
680
672
668

' 3548
505
497
493
529
529

U.S. GOVERNMENT FINANCE


13.3

DEBT OF FEDERALLY OWNED AGENCIES AND GOVERNMENT-SPONSORED CORPORATIONS,


MONTHLY, 1940-70Continued
[In millions of dollars]
i

Memo : Debt of Governmentsponsored corps.Now private

Federal agency debt


Federal National
Mortgage Assn.

Total

End of month

Total >

Commodity
Credit
Corp.

Depart- Federal
ment of Housing
Adm.
Defense *

... Credlt
rv^;*Adm
AH,
Farm

*~-H^5
market 1

,.

Federal
intermediate
credit
banks

= ,*&.
2,090
2,005
1,982
1,956
2,021
2,084
2,106
2,188
2,168
2,120
2,194
2,156

776
814
854
895
946
1,004
1,026
1,051
1,031
983
926
888

4
2
2
1
1
1

1953Jan
Feb
Mar
Apr..
May
June
July
Aug. . . . , ,
Sept
Get
Nov
. ..
Dec

2,171
2,035
2,047
1,997
2,034
2,062
2,088
2,110
2,190
2,154
2,224
2,174

861
866
878
901
917
943
969
984
966
929
869
819

1 9 54 Jan,
Feb........
Mar
Apr.. . . . . . .
May
June
July
Aug
Sept
Get
Nov
Dee.

2,132
2, Oil
1,947
1,889
2,011
2,048
2,018
2,058
2,120
2,097
2,130
2,097

1955 Jan
Feb.
Mar
Apr.
May
June
July
Aug.
Sept
Get. .
Nov.
Dec

1952-=Jan
Feb.
Mar
Apr.
May
June
July
Aug
Sept
Oct
Nov
Dec

1956Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Get
Nov. .
Dec
1957= Jan
Feb.
MatApr
May
June
July
AUR.
Sept
Oct
Nov.
Dec

. ,

..

. ..
. ..

...

i coopera,314
,191
,128
,061
,075
,080
,080
,137
,137
,137
,268
,268

7115
785
785
75
816
8)8
818
819
819
819
820
820

,310
,169
,169
,096
,117
,119
,119
,126
,224
,225
,355
,355

862
862
863
86S
866
868
868
875
875
873
94 i:
941

,356
,241
,144
,044
,122
,122
,122
,132
,196
,196
,303
,303

942
939
940
940
,007
,007
,007
,017
,017
,017
,030
,030

414
302
204
104
115
US
115
115
179
179
273
273

,243
,184
,226
,237
,249
,458
,468
1,591
1,668
2,003
2,238
2,238

,030
,065
,085
,096
,108
,117
,127
,131
,133
,263
,263
,263

213
119
141
141
141
341
341
460
535
740
975
975

133
133
133
143
143
143
143 1

2,229
2,279
2,199
2,183
2,235
2,251
2,241
2,193
2,355
2,403
2,400
2,400

,254 i
,384
,321
,321
,322
,322
,322
,322
,437
,437
,437
,437

975
895
S78
862
913
929
919
871
918
966
963
963

143
183
185
185
1
183
182
179
179
207
223
222
222

2,402
2,428
2,243
2,169
2,230
2,290
2,320
2,320
2,365
2,426
2,426
2,425

,437 I
,519
,519
,519 i
,552
,552
,600
,600
,600
,600
,600
,599

965
909
724
650
678
738
720
720
765
826
826
826

46
49
50
51
51
51
62
62
63
65
73
75

703
706
717
739
755
781
797
811
793
754
686
634

110

776
770
803
845
889
926
896
926
924
901
827
794

74
76
76
79
79
80
20
26
28
33
33
33

592
584
617
656
699
725
756
779
776
748
673
641

2,597
2,565
2,647
2,690
2,738
2,975
3,019
3,155
3,219
3,519
3,632
3,628

,354
,381
,421
,453
,489
,517
,551
,564
,551
,516
,394
,390

23
26
32
37
42
43
41
43
47
47
52
52

3,618
3,791
3,740
3,763
3,851
3,961
3,989
4,057
4,214
4,226
4,158
4,121

,390
,512
,541
,580
,616
,710
,748
,864
,858
,823
,758
,721

52 i
57
58
56
61
73
73
79
84 i
89
93
102

100
100
100
100
100
200
200
200
200
200

4,328
4,456
4,524
4,703
4,906
5,138
5,223
5,332
5,427
6,297
6,308
6,524

1,926
2,028
2,281
2,534
2,676
2,848
2,903
3,012
3,062
3,871
3,882
4,099

106
108
109
102
103 !
106 j
106
108
114
102
103 ]
104

400
400
650
850
950
,050
,050
,115
,115
,115
,115
,3,5

1
1

'"is"
46
77
108
138
169
200

876

::

".- ] ' . ' .


570
570
570
570
570
570
570
570
570
570
570
570

100"

641
665
699
726
757
793
830
841
824
788
662
657

570
570
570
570
570
570
570
570
570
570
570
570

657
674
702
744
775
1
834
872
882
861
821
752
705

570 ;
570
570
570
570
570
1
570
570
570
1,372
1-.372
1,372

707
767
767
827
870
924
952
963
948
920
901
886

Federal
home
loan
banks

Federal
lard
banks

tives

70
70
70
70
70
110
lit)
110

Total

Banks
for

668 '
707
743
781 !
831
848
882
902
881
828
765
724

For notes see end of table.

Digitized for FRASER


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

32
33
37
42
43
44
33
38
39
43
49
52

no

110
110
110

no
no

110
110

no
no
no
no
no
no
no
no
no
no
no
no

120
120
120
120
120
120
120
120
120
120
120
120

no

110
110
110

no
no
no
no |
no '
no
no
no

529
406
343
276
259
262
262
318
318
318
448
448
448
307
306
230
251
251
251
251
349
350
414
414

U.S. GOVERNMENT FINANCE


13.3 DEBT OF FEDERALLY OWNED AGENCIES AND GOVERNMENT-SPONSORED CORPORATIONS,
MONTHLY, 1940-70Continued
[In millions of dollars]
Memo : Debt of Governmentsponsored corps. Now private

Federal agency debt

End of
month

Total
Total'

Federal National
Farm Credit Adm.
Mortgage Assn.
TennesDepart- Federal
Exportsee
Housment
Manage- Federal
Banks Import Valley
Secondary ment
ing
of 4
Bank
and
Aufor
interAdm.
market
Defense
liquithority
comediate
operadating
credit
operations
functions
banks
tives

Total

Federal
land
banks

Federal
home
oan
banks

1958Jan
Feb. . . .
Mar....
Apr. . . .
May...
June. . .
July....
Aue. . . .
Sept. . . .
Oct
Nov....
Dec....

6,774
6,847
6,784
6,774
6,819
6,029
6,127
6,196
6,404
6,548
6,616
6,624

4,368
4,563
4,683
4,582
4,606
3,927
3,954
4,023
4,101
4,139
4,151
4,167

251
302
353
404
455
506
554
602
650
698
746
794

100
102
103
93
96
101
101
108
117
111
106
108

1,315
,415
,465
,265
,165
,165
,100
,100
,100
,100
,100
,100

1,599
1,599
1,599
1,599
1,599
797
797
797
797
797
797
797

880
922
971
1,029
1,091
1,159
1,202
1,217
1,205
1,181
1,150
1,116

222
222
191
191
199
199
199
199
232
252
252
252

2,406
2,284
2,101
2,192
2,213
2,102
2,173
2,173
2,303
2,409
2,465
2,457

,599
,625
,625
,625
,646
,646
,687
,687
,687
,687
,743
,743

807
659
476
567
567
456
486
486
616
722
722
714

1959Jan
Feb. . . .
Mar....
Apr....
May. . ,
June. . .
July....
Aug. . . .
Sept. . . .
Oct. . . .
Nov....
Dec,...

6,577
6,857
6,936
7,190
7,526
7,855
8,257
8,540
8,825
8,994
9,290
9,386

4,202
4,334
4,445
4,640
4,769
4,975
5,079
5,237
5,437
5,472
5,529
5,626

834
875
916
956
997
1,038
1,088
,139
,190
,241
',292
,342

105
112
118
106
107
110
110
110
115
118
124
126

,100
,150
,150
,240
,240
,290
,290
,340
,490
,490
,540
,640

797
797
797
797
797
797
797
797
797
797
797
797

1,114
1,148
1,206
1,288
1,376
1,456
1,510
1,530
1,524
1,471
1,421
1,356

252
252
258
252
252
284
284
320
320
355
355
364

2,374
2,523
2,491
2,550
2,756
2,880
3,178
3,303
3,388
3,522
3,761
3,760

,743
,792
,792
,878
,888
,888
1,888
1,986
1,986
1,986
1,986
1,986

631
731
699
672
868
992
,290
,317
,402
,536
,775
,774

1960Jan
Feb....
Mar....
Apr. . . .
May. . .
June. . .
July....
Aug
Sept. . . .
Oct. . . .
Nov....
Dec....

9,313
9,212
9,347
9,395
9,605
10,119
10,239
9,575
9,536
9,702
9,745
9,812

5,646
5,824
6,007
6,233
6,329
6,723
6,827
6,166
6,232
6,257
6,300
6,336

,381
,419
,457
,495
,533
,572
,604
,636
,669
,701
,733
,766

129
134
137
131
132
139
133
137
141
139
133
136

,640
,740
,840
,990
,990
2,285
2,317
2,393
2,411
2,436
2,479
2,523

797
797
797
797
797
797
797

,335
,374
,416
,480
,536
,600
,646
,670
,665
,592
,516
,454

364
360
360
340
340
330
330
330
346
389
389
407

50
50

3,667
3,388
3,340
3,162
3,276
3,396
3,412
3,409
3,304
3,445
3,445
3,476

2,025
2,044
2,047
2,090
2,090
2,137
2,137
2,137
2,137
2,179
2,179
2,210

,642
,344
,293
,072
,186
,259
,275
,272
,167
,266
,266
,266

1961Jan
Feb....
Mar. . . .
Apr....
May...
June. . .
July....
Aug.. . .
Sept....
Oct. . . .
Nov....
Dec....

9,688
9,578
9,435
9,448
9,589
9,853
9,941
10,058
10,485
10,530
10,718
10,859

6,364
6,426
6,396
6,350
6,353
6,441
6,530
6,608
6,719
6,765
6,714
6,857

,783
,800
,817
,834
,850
,867
,885
,903
,921
,939
,957
,975

140
176
191
199
205
220
218
229
250
279
294
310

2,546
2,518
2,416
2,276
2,184
2,199
2,179
2,197
2,281
2,287
2,300
2,453

,438
,478
,519
,590
,661
,723
,767
,795
,782
,715
,623
,585

407
404
404
402
402
382
380
384
384
445
439
434

50
50
50
50
50
50
100
100
100
100
100
100

3,324
3,152
3 ,039
3,098
3,236
3,412
3,411
3,450
3,766
3,765
4,004
4,002

2,210
2,210
2,210
2,281
2,281
2,357
2,357
2,357
2,431
2,431
2,431
2,431

1,114
942
829
817
955
,055
,054
,093
,335
,334
,573
,571

1962 Jan
Feb....
Mar....
Apr. . . .
May...
June. . .
July....
Aug
Sept. . . .
Oct. . . .
Nov....
Dec

11,146
11,148
11,430
11,376
11,563
12,189
12,467
12,775
12,827
13,252
13,188
13,139

7,032
7,210
7,333
7,380
7,447
7,842
7,809
7,946
7,974
7,917
7,853
7,804

2,001
2,027
2,053
2,078
2,104
2,130
2,145
2,161
2,176
2,192
2,207
2,223

326
351
382
385
410
424
427
450
467
466
482
497

2,602
2,633
2,658
2,612
2,566
2,558
2,435
2,458
2,481
2,492
2,479
2,422

,569
,602
,644
,718
,781
,855
,926
,950
,930
,842
,774
,727

434
452
452
441
441
430
430
482
474
480
480
504

'366'
300
300
300
300
285
285

100
145
145
145
145
145
145
145
145
145
145
145

4,114
3,938
4,097
3,996
4,116
4,347
4,658
4,829
4,853
5,335
5,335
5,335

2,431
2,495
2,495
2,495
2,550
2,550
2,550
2,596
2,596
2,628
2,628
2,628

,683
,443
,602
,501
,566
,797
2,108
2,233
2,257
2,707
2,707
2,707

1963Jan
Feb. . . .
Mar....
Apr. . . .
May. . .
June. . .
July....
Aug. , . .
Sept. . . .
Oct. . . .
Nov....
Dec

12,826
12,624
12,327
12,267
12,753
13,568
13,738
14,066
14,332
14,627
14,413
15,184

7,774
7,799
7,652
7,694
7,993
8,073
8,197
8,234
8,237
8,194
7,980
7,987

2,231
2,238
2,246
2,253
2,261
2,268
2,269
2,269
2,269
2,270
2,270
2,270

511
521
528
542
557
586
627
654
673
685
698
722

2,370
2,343
2,126
2,043
1,984
1,961
1,950
1,916
1,899
1,884
1,792
1,788

,729
,787
,842
,935
2,037
2,133
2,202
2,232
2,233
2,139
2,027
1,952

504
480
480
490
489
459
459
473
473
526
526
588

285
285
285
285
520
520
520
520
520
520
487
487

145
145
145
145
145
145
170
170
170
170
180
180

5,052
4,825
4,675
4,573
4,760
5,495
5,541
5,832
6,095
6,433
6,433
7,197

2,628
2,661
2,661
2,661
2,725
2,725
2,725
2,796
2,796
2,834
2,834
2,834

2,424
2,164
2,014
1,912
2,035
2,770
2,816
3,036
3,299
3,599
3,599
4,363

For notes see end of table.

Digitized for FRASER


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

877

U.S. GOVERNMENT FINANCE


13.3 DEBT OF FEDERALLY OWNED AGENCIES AND GOVERN[In millions
Federal agency debt
KMSS
Total

End of month

Total >

1964Jan
Feb
Mar
Apr
May
June
Julv
All 2

Sept
Oct
Nov.
Dec

. .

1965Jan
Feb.
Mar
May
June
July

Sept,
Oct
Nov
Dec.
1966 Jan.. .
Feb
Mar
Apr.
May
June
July
Aug.
Sept
Oct
Nov
Dec,
1967 Jan
Feb
Mar,
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec
1968Jan.
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1969 Jan
Feb
Mar
Apr
May
July
AUK
Sept
Oct
Nov
Dec

....

....

. ..

. ..
..

. ..

. ..

Farm Cdlt Adm.

ManageFederal
Secondary i ment
and
intermediate
market
liquidating
!
credit
operations
functions j
banks
1

Banks for
cooperatives

300
300

1 ,964
2,018
2,069
2,156
2,246
2,315
2,396
2,433
2,424
2,352
2,174
2,112

588
588
586
534
527
498
498
538
538
576
638
686

,723
,739
,739
,795
1,898
1,797
1,795
1,804
1,756
1,845
1,918
1,884

300
300
300
300
300
300
825
825
825
825
795
1,170

2,102
2,143
2,206
2,278
2,367
2,462
2,546
2,627
2,603
2,501
2,386
2,335

686
670
723
696
678
6H6
686
710
708
744
7H7
796

395
415
435
448
445
441
469
463
482
478
474
474

2,338
2,397
2,648
2,820
3,144
3,269
3,058
3,414
3,178
3,125
3,152
3,800

1,170
1,170
1,170
1,580
1,580
2,110
2,075
2,075
2,075
2,075
2,045
2,020

2,342
2,404
2,470
2,602
2,744
2,853
2,935
2,990
2,<J91
2,909
2,814
2,786

796
819
819
858
834
844
844
882
882
957
,067
,074

2,065
2,059
2,052
2,046
2,040
2,036
2,033
2,024
2,017
2,011
2,004
1,992

481
490
487
485
489
492
501
504
503
505
524
525

3,878
3 ,984
4,010
4,006
3,938
4,078
4,069
4,049
3,927
4,432
4,543
4,919

3,120
3,120
3,120
3,120
4,000
4,830
4,795
4,795
4,795
4,795
4,765
5,740

2,779
2,850
2,944
3,074
3,186
3,297
3,419
3,465
3,442
3,357
3,259
3,214

,074
,113
,113
,085
,101
,042
,072
,094
,094
,138
,197
,253

21,536
21,627
21,905
23,315
23,444
24,346
24,433
25,807
20,011
20,291
20,183
15,063

1,986
1,979
1,973
1,967
1,961
1,951
,950
,944
,939
,929
,917
,911

534
531
541
541
549
548
554
552
560
573
583
582

3,236
3,336
3,420
3,526
3,640
3,747
3,862
3,871
3,814
3,669
3 , 570
(')

,253
,316
,316
,322
,280
,207
,291
,280
,280
,288
,325
(')

15,030
15,226
15,135
14,575
14,437
14,249
15,601
14,734
14,092
14,046
13,906
13,819

,905
,896
,891
,885
,878
,863
,857
,844
,837
,831
,824
,817

14,889
14,630
14,672
15,142
15,206
15,723
15,656
16,030
15,918
15,953
16,766
16,624

8,012
8,091
8,159
8,542
8,506
8,549
8,635
8,734
8,634
8,640
9,228
9,086

16,336
16,314
16,636
16,853
17,163
17,534
18,068
18,533
18,477
18,442
18,339
18,661

2,265
2,260
2,254
2,249
2,244
2,238
2,235
2,231
2,228
2,224
2,221
2,217

742
773
798
781
784
793
801
828
S66
800
814
789

,786
,786
,785
,781
,698
,698
,698
,696
,571
,707
,701
,601

9,047
9,111
9,248
9,254
9,264
9,245
9,729
9,864
9,819
9,750
9,447
9,730

2,211
2,206
2,200
2,194
2,188
2,183
2,176
2,169
2,163
2,156
2,150
2,143

643
673
699
637
586
570
454
482
502
473
444
435

18,924
19,532
19,880
20,989
21,974
23,713
23,962
24,394
24,375
24,350
24,216
25,202

10,146
10,669
11,007
11,741
12,099
13,299
13,156
13,567
13,315
13,096
13,062
13,958

2,138
2,133
2,128
2,122
2,117
2,112
2,105
2,098
2,091
2,085
2,078
2,071

26,527
26,743
26,273
25 , 707
27,032
27,553
27 ,'769
27,664
27,209
27,641
27,666
29,065

15,283
15,977
16,082
16,172
17,336
18,357
18,468
18,482
18,262
18,710
18,735
20,101

30,836
30,992
31,150
32,560
32,817
34,361
23 , 448
35 , 692
35,928
36,137
36,473
36,642
36,916
37,356
37,863
38,145
38,545
39,308
41,449
41,519
41,848
43,113
44,006
44,464

,
I
i

i ,443
627
565
463
388
342

For notes see end of table.

Digitized for FRASER


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

Federal
Housing
Adm.

Department
of
Defense 4

Commodity
Credit
Corp.

878

|
j

586
586
583
580
578
577
581
580
577
577
574
572

!
if

5,087
5,149
5,481
5,650
5,648
5,887
5,850
5,822
()

i
;

;
I

!
1

!
i

6,990
6,990
6,990
7,970
7,970
7,900
7,900
9 , 195
9,195
9,195
9,165
9 , 140

9,140
9,140
9,140
8,670
8,670
8,600
8,565
8,565
8,115
8,115
8,085
8,060

;
'
;
;

::';';";':'l::::;
!l

::

U.S. GOVERNMENT FINANCE


MENT-SPONSORED CORPORATIONS, MONTHLY, 1940-70Continued
of dollars]
Memo : Debt of Government-sponsored corporations Now private

Federal agency debt (cont.)

ExportImport
Bank

Tennessee
Valley
Authority

Federal
Home
Loan
Bank
Board

Farm Credit Administration


Other

Total

Federal
land
banks

Federal
intermediate
credit
banks

Federal
home
loan
banks

Banks for
cooperatives

Federal
National
Mortgage
Association

End of
month

487
487
487
860
827
827
827
827
827
800
,191
,191

180
180
180
180
180
180
180
180
190
180
190
190

6,877
6,539
6,513
6,600
6,700
7,174
7,021
7,296
7,284
7,313
7,538
7,538

2,834
2,886
2,886
2,973
2,973
2,973
2,973
3,102
3,102
3,169
3,169
3,169

4,043
3,653
3,627
3,627
3,727
4,201
4,048
4,194
4,182
4,144
4,369
4,369

1964Jan,
Feb.
Mar.

,191
,191
,191
,164
,022
,022
,022
,022
,022
966
727
727

190
190
190
190
225
225
225
225
240
240
240
240

7,289
7,203
7,388
7,599
7,899
8,289
8,339
8,669
8,658
8,692
8,892
8,931

3,169
3,298
3,298
3,415
3,415
3,532
3,532
3,612
3,612
3,671
3,671
3,710

4,120
3,905
4,090
4,184
4,484
4,757
4,807
5,057
5,046
5,021
5,221
5,221

1965Jan.
Feb.
Mar.
Apr,
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

727
,092
,092
,065
989
,385
,385
,359
,331
,172
,137
,387

240
240
245
245
245
285
285
285
285
295
295
345

8,778
8,863
8,873
9,248
9,875
10,414
10,806
10,827
11,060
11,254
H.154
11,244

3,710
3,813
3,813
3,813
3,980
4,105
4,212
4,212
4,295
4,295
4,295
4,385

5,068
5,050
5,060
5,435
5,895
6,309
6,594
6,615
6,765
6,959
6,859
6,859

1966Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1,541
2,015
2,008
2,008
2,164
2,164
2,161
2,133
2,066
2,054
1,965
1,975

345
345
345
345
415
415
415
415
415
415
475
475

11,244
10,766
10,191
9,535
9,696
9,196
9,301
9,182
8,947
8,931
8,931
8,964

4,385
4,450
4,450
4,450
4,611
4,611
4,716
4,787
4,787
4,871
4,871
4,904

6,859
6,316
5,741
5,085
5,085
4,585
4,585
4,395
4,160
4,060
4,060
4,060

1967Jan.
Feb.
Mar.

1,967
1,842
1,700
1,855
1,887
2,571
2,467
2,559
2,639
3,063
3,039
2,821

475
475
475
475
500
525
550
575
575
565
575
600

5
5
6
6
6
6
6
6
6
6
6
6

3
3
3
3
3
3
3
3
3

9,300
9,365
9,245
9,245
9,373
10,015
10,015
9,885
15,917
15,846
16,290
21,579

4,990
4,990
5,120
5,120
5,222
5,314
5,314
5,384
5,384
5,423
5,423
5,533

^3,556

M.413

4,310
4,375
4,125
4,125
4,151
4,701
4,701
4,501
4,501
4,501
4,701
4,701

s 6,032
5,922
6,166
6,376

1968Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

2,775
2,955
2,867
2,786
2,646
2,472
2,411
2,365
2,244
2,220
2,203
2,193

615
640
645
645
655
728
735
744
745
831
823
826

6
6
6
6
6
6
6
6
6
6
6
6

3
3
3
3
3
3
3

21,886
22,130
22,728
23,570
24,108
25,059
25,848
26,785
27,756
29,067
30,100
30,645

5,566
5,578
5,681
5,862
5,867
5,855
6,006
6,006
6,064
6,088
6,088
6,088

3,596
3,688
3,763
3,926
4,064
4,196
4,330
4,415
4,375
4,210
4,174
4,132

,420
,445
,445
,445
,415
,411
,399
,432
1,430
1,441
1,461
1,492

4,701
4,601
4,647
5,021
5,521
5,521
6,021
6,572
7,072
7 ,572
8,172
8,422

6,603
6,818
7,192
7,316
7,241
8,076
8,092
8,360
8,815
9,756
10,205
10,511

1969Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

3
3
3
3
3
3.

( 9 )""

3
3
3

3
3

3
3
3

For notes see end of table.

Digitized for FRASER


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

879

'

May
June
July
Aug.
Sept.
Oct.
Nov.
Dec,

May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

U.S. GOVERNMENT FINANCE


13.3

DEBT OF FEDERALLY OWNED AGENCIES AND GOVERN[In millions


Federal agency debt

End of month

Total
Total

1970-= Jan,
Feb
Mar.. .
Apr, . . .
May.. .
June.. .
July.. .
Aug
Sept
Oct
Nov. . , .
Dec

45,082
45,909
47,266
47,856
47,766
48,328
48,870
49,543
49 , 897
50,294
50,768
51,369

13,756
12,967
12,988
12,949
12,672
12,506
12,472
12,467
12,482
12,463
12,457
12,490

Commodity
Credit
Corp.

278
225
196
186
171

Department
of
Defense 4

1,811
1,805
1,798
1,792
1,785
1,771
1,768
1,760
1,747
1,740
1,733
1,727

For notes see end of table.

Digitized for FRASER


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

880

Federal
Housing
Adm.

575
551
525
523
519
517
514
512
512
482
478
476

Government
National
Mortgage
Assn,

ExportImport
Bank

8,060
7,410
7,410
7,390
7,390
7,320
7,285
7,285
7,285
7,285
7,255
7,230

2,188
2,162
2,145
2,143
1,893
1,893
1 ,890
1,886
1,884
1,882
1,882
1,882

Tennessee
Valley
Authority

835
805
905
906
905
996
1,006
1,015
1 ,045
1,065
1,100
1,166

U.S. GOVERNMENT FINANCE


MENT-SPONSORED CORPORATIONS, MONTHLY, 1940-70Continued
of dollars)
Memo ; Debt of Government-sponsored corporations Now private

Federal agency debt (cont.)

Farm Credit Administration


Federal
Home
Loan
Bank
Board

6
6
6
6
6
6
6
6
6
6
6
6

Other

3
3
3
3
3
3
3
3
3
3

Total

31,326
32,942
34,278
34,907
35,094
35,822
36,398
37,076
37,415
37,831
38,311
38,879

Federal
land
banks

Federal
intermediate
credit
banks

6,077
6,171
6,171
6,251
6,251
6,316
6,400
6,480
6,480
6,547
6,547
6,547

4,183
4,346
4,464
4,641
4,793
4,935
5,038
4,981
4,901
4,880
4,830
4,857

1 Total and several components shown include small amounts of unredeemed matured securities outstanding on which interest has ceased.
For 1952 and 1953, the totals reflect unredeemed matured debt of Homeowners' Loan Corporation and Federal Farm Mortgage Corporation,
not shown separately, which never exceeded $2 million in that period.
For 1954-70, total includes unredeemed matured debt of FFMC amounting2 to less than $500,000.
Effective Feb. 24, 1942, the functions of this agency were transferred
to 3the Federal Public Housing Authority of the National Housing Agency.
The proprietary interest of the United States in the Federal land banks
ended on June 27, 1947, and in the Federal home loan banks on July 2,
1951.
* Mortgages assumed under the family housing and homeowners assistance programs. Monthly data prior to March 1967 have been interpolated from actual data for June and December available beginning
June
1957.
3
Effective Sept. 30, 1968, the Federal National Mortgage Association
was partitioned into two corporations: the Federal National Mortgage
Association, which continues to conduct the secondary market operations
as a privately owned corporation, and the Government National Mortgage
Association, which assumed the assets and liabilities and operation of the
participatipn-sales, the management-and-liquidating-functions, and the
special-assistance-functions funds.

Digitized for FRASER


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

Banks for
cooperatives
1,527
1,595
1,592
1,611
1,556
1,526
1,530
1,546
1,546
1,610
1,710
1,765

. ,
Federal
home
loan
banks

p-_j __ i
jreoerai
National
Mortgage
Association

8,822
9,170
9,824
9,993
9,888
9,880
10,028
10,092
10,091
10,091
10,155
10,504

10,717
11,660
12,227
12,411
12,606
13,165
13,402
13,977
14,397
14,703
15,069
15,206

End of month

1970 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

On the page showing FNMA management and liquidating functions


for 1968 and 1969, the figures beginning September 1968 are those for
GNMA.
Figures for GNMA for 1970 are shown in a separate column.
6
Prior to 1968, regular monthly data are not available; however, June
307figures for that period are generally less than $500,000.
The banks for cooperatives and Federal intermediate credit banks
were converted to private ownership effective Dec. 31, 1968.
> Reflects reclassification of $1,590 million of certificates of interest
outstanding July I, 1969, from budget transactions to agency debt,
NOTE.Classification of debt by program is consistent with current
unified budget concepts of agency functions. Series for Federal land
banks, Federal home loan banks, Federal intermediate credit banks,
Federal National Mortgage Association, and banks for cooperatives have
been taken from the monthly Treasury Survey of Ownership as published
in the Treasury Bulletin, beginning in January 1945 for Federal land banks
and varying dates thereafter for other series. Prior to December 1968,
Survey data exclude securities issued as collateral for short-term
borrowings (not part of public issues) as well as small amounts of matured
debt bearing no interest. Thereafter, securities issued as collateral are included, consistent with unified budget concepts of Federal agency debt.
Prior to 1945, data for the series mentioned have been drawn from other
sources cited at the end of the text for this section.

881

U.S. GOVERNMENT FINANCE


13.4

OWNERSHIP OF U.S. GOVERNMENT PUBLIC DEBT, JUNE AND DECEMBER, 1940-60;


QUARTERLY 1961-70
[End-of-month figures, Par values1 in billions of dollars]
Held by

End of
month

Total
gross
debts

Total
U.S.
gross
Govt.
public agencies
debt
and
trust
funds

F.R.
Banks

Held by private investors

Total

Commercial3
banks

Mutual
savings
banks

Insurance
companies

State
and
local
govts.

Other
corporations*

Individuals''

r|* i

Foreign Other
and
misc.
inter- i invesnational tors '

Old concept (components add to total gross debt; see also NOTE at end of Table)
1940June. . .
Dec

48.5
50.9

7.1
7.6

2.5
2.2

38.9
41.2

16.1
17.3

3.1
3.2

6.5
6.9

2.1
2.0

.4
.5

2.6
2.8

7.5
7.8

,2
.2

.5
.5

1941June. . .
Dec,...

55.3
64.3

8.5
9.5

2.2
2.3

44.7
52.4

19.7
21 A

3.4
3,7

7.1
8.2

2.0
4.0

.6
.7

3.6
5.3

7.6
8.2

2
'4

.4
.5

1 942 -June. . . 77.0


Dee, . . . 112.5

10.6
12.2

2,6
6.2

63.7
94.1

26,0
41.1

3.9
4.5

9.2
11,3

4.9
10.1

.9
1.0

9,1
13.4

8.7
10.3

:J

.7
1.5

140.8
170.1

14.3
16.9

7.2
11.5

119.2
141.6

52.2
59.9

5.3
6.1

13.1
15.1

12.9
16.4

1.5
2.1

19.2
24.7

11.7
12.9

1.3
1.5

2J
3.0

1944June. . . 202.6
Dee.. . . 232.1

19.1
21.7

14.9
18.8

168.6
191.7

68,4
77.7

7.3
8.3

17.3
19.6

20.2
21.4

3.2
4.3

31.2
36.2

14.9
17.1

1.4
1.7

4.7
5.2

1945 June.. . 259.1


Dee.... 278.7

24.9
27.0

21.8
24.3

212.4
227.4

84.2
90.8

9.6
10.7

22.7
24.0

23.3
22.2

5.3
6.5

40,7
42.9

18.5
21.2

2.0
2.4

6.2
6.6

1946-June... 269.9
Dee, . . . 259.5

29.1
30.9

23.8
23.3

217.0
205.2

84.4
74.5

11,5
11.8

24.9
24.9

17.8
15.3

6.5
6.3

43.5
44.2

19.9
20.1

2.2
2.1

6.4
6.0

1947 June.. . 256.7


Dec.. , , 255.7

32,8
34.4

21.9
22.6

202.0
198.7

70.0
68.7

12.1
12.0

24.6
23.9

13.7
14.1

7.1
7.3

45.5
46.2

21.1
19.4

1.7
1.4

11

1948 June, . . 251.2


Dee.,.. 251.7

35.8
37,3

21.4
23.3

194.1
191.1

64.6
62,5

12.0
11.5

22.8
21.2

13,6
14.8

7.8
7.9

47.1
47.8

18.6
17.6

1.4
1.7 !

6.1
6.1

1949 -June. . . 251.7


Dec.... 256.2

38,3
39.4

19.3
18.9

194.1
197.9

63.0
66.8

11.6
11.4

20.5
20.1

15.8
16.8

8.0
8.1

48.8
49.3

17.8
17.0

1.8
1.9

6.6
6.5

1950 -June. . , 256.1


Dec. , . . 255.5

37.8
39.2

18.3
20.8

199.9
195.4

65.6
61.8

11.6
10.9

19.8
18.7 ,

18.4

8,7
8.8

49.9
49.6

17.6
16.7

1:1

6.2
6.2

1943- -June...
Dee, . . .

19.7

New concept (components add to total gross public debt; see also NOTE at end of Table)
1950 June. . .
Dec.

256.1
255.4

34.5
36.0

18.3
20.8

203.3
198.6

65.6
61.8

1951 June
Dec

253.9
258 . 1

37.9
39.3

23.0
23.8

193.0
195.0

1952=June.
Dec

257.8
266.1

41.4
42.9

22.9
24.7

1953- June. , .
Dec.

264.8
273.8

44.6
45.5

19S4=June
Dec.
195S,=june
Dec

269.8
277.2

; 11.6
10.9

19.8
18.7

18.4
19.7

8.7
8.8

49.9
49.6

17.6
16.7

2.2
3.0

9.6
9.3

58.4
61.5

10.2
9.8 '

17.1
16.4

20.1
20.7

9.4
9.6

49.1
49.1

16.3
15.5

2,9
3.0

9.6
9.4

193.5
198.5

61.1
63.4

9.6
9.5

15.7
16,0

18.8
19.9

10.4
11.1

49.0
49.1

15.7
16.0

3.4
4.0

9.7
9.4

24.7
25.9

195.4
202.5

58.8
63.7

9.5
9.2

16.0
15.9

18.6
21.5

12.0
12.7

49.2
49.4

16.8
15.4

4,4
4,6

10.0
10.2

46.3
46.7

25.0
24.9

198.5
205.6

63.6
69.1

9.1
8.8

15.4
15.3

16.5
19.1

13.9
14.4

49.6
49.9

15.2
13.6

4.6
4.8 |

10.6
10.6

272.8
279.1

47.8
49.0

23.6
24.8

201.4
205.4

63.5
62.0

8.7
8.5 |

15.0
14.6

18.6
23.2

14.7
15.4

50.2
50.3

15.0
14.8

5.2
5.9

10.5
10.8

1956=June
Dee, .

271.0
275.5

50.5
51.2

23.8
24.9

196.8
199.4

57.3
59.5

8.3
8.0

13.6
13.2

17.3
18.7

16.1
16.3

50.3
50.1

16.3
15.8

6.2
6.7

11.4
11.1

1957 June
Dee

269.5
274.2

52.9
52.8

23.0
24.2

193.5
197.2

56.2
59.5

7.9
7.6

12.7
12.5

16.1
17.7

16.8
16.6 ;

49.1
48.2

17.2
16.7

6.5
6.9

11.1
11.5

1958June
Dec

275.7
282.2

53.1
52,1

25.4
26.3

197.2
203.7

65.2
67.5

7.4
7.2

12.2
12.6

14.1
18.1 ,

16.3
16.5

48.0
47.7

16.4
16.0

5.9
6.9

11.6
11.2

1959June. ..
Dec, . . .

282.7
288.7

52.3
51,4

26.0
26.6

204.4
210.6

61.5
60.3

7.3
6.9

12.6
12.5

19.8
21.4

16.9
18.0

47.1
45.9 .

19.3
23.5

8.1
9.9

11.8
12.3

1960=June
Dec

284.1
287.7

53.1
52.8

26.5
27.4

204.5
207.5

55.3
62.1

6.6
6.2

12.0
11.8

19.5
18.7

18.8
18.7

45.6
45.6

24.1 t
20.5

10.1 <
10.5 :

12.5
13.5

Digitized for FRASER


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

882

U.S. GOVERNMENT FINANCE


13.4

OWNERSHIP OF U.S. GOVERNMENT PUBLIC DEBT, JUNE AND DECEMBER, 1940-60;


QUARTERLY 1961-70Continued
[End-of-month figures. Par values1 in billions of dollars]
Held by
Total
gross
public
debt

End of month

U.S.
Govt.
agencies
and
trust
funds

Held by private investors


Individuals5

F.R.
Banks

Total

Commercial3
banks

Mutual
savings
banks

Insurance
companies

Other
corporations"

State
and
local
govts.

Savings
bonds

Foreign Other
and
misc.
Other
interinvessecuri- national 6 tors7
ties

New concept (components add to total gross public debt; see also NOTE below)
284.9
286,4
291.6
293.6

52.4
53.7
53.6
52.5

26.7
27.3
27.8
28.9

205.8
205.5
210.2
212.3

59.6
62.5
66.5
67.2

6.6
6.3
6.3

11,8
11.5
11.6
11.5

18.8
18.5
17.4
18.5

19.3
19,3
19.3
19.0

45.9
46.1
46.3
46.4

20.0
18.4
19.0
19.4

10.5
10,1
10 7
10.9

13.5
12.8
13.1
13.5

1962 Mar.
June
Sept. .
Dec. ,

293.3
295.4
296.3
300.2

51.9
54.2
54.2
53.2

29.1
29.7
29,8
30.8

212.4
211.4
212,3
216,2

64,1
65.1
65.2
67.1

6.5

11.6
11.5
11.6
11.6

19.1
18.2
17.6
18.6

19,8
20.1
20.1
20.1

46.6
46.6
46.9
46.9

19.6
18.9
19.1
19.0

10.9
11,3
11,9
12.0

14.4
13.6
13.9
14.9

1963 Mar
June
Sept
Dec..

299.8
302.7
303.4
306.0

52.4
55.6
56.0
55.3

31.0
32.0
32,6
33,6

216,4
215.0
214.8
217.2

64.6
64.3
63.0
64.2

6.2

6.0
5.9

11.4
11,1
11.3
11.4

19.6
18.7
18.0
18.7

20.5
21.4
21.2
21.1

47.3
47.6
47.9
48.1

19.4
18.3
19.4
19.8

12,1
12,6
12.7
12.6

15.2
15.0
15.5
15.6

1964Mar...
June
Sept. . .
Dec
1965 Mar.
June. .
Sept.
Dec. . .

306.1
308.1
311.9
314.3

55.1
58.6
59.5
58.3

33.8
34.8
35.4
37,0

217.2
214.7
217.0
218.9

61.5
60.2
61.7
63.9

5.9
5.8
5.8

11.3
11.0
11.3
11.2

19.8
18.9
18.1
18.2

21.7
22,5
22.1
21.2

48.4
48.6
48.8
49,1

20.8
20.0
20.1
20.4

12.1
12.0
12.6
13.0

15.7
15.8
16.5
16.3

314 0
313.8
313.0
317.2

58 2
61.1
61 4
59.7

37 6
39.1
39 8
40.8

218.2
213.7
211.8
216.7

60 3
58.2
57 4
60.7

58

5.6

5 6
5.3

11.2
10.7
10,7
10.6

17.6
15.3
15 0
15.8

23 2
24.1
23 0
22.9

49.3
49.4
49.5
49,7

21 6
21.3
22 2
22.2

12 3
12.3
12 5
13.0

16.9
16.8
15.9
16.7

1966 Mar
June
Sept
Dec,

317.2
316,1
320.6
325.6

59.5
64 3
66.9
65.8

40.7
42 2
42.9
44 3

216.9
209.6
210.8
215.5

57.0
54 8
54.8
57.4

5.4
50
4.9
4 6

10.5
10.0
9.9
9.9

15.9
14 2
13.8
14.9

24.4
24 5
25.1
24 3

49.8
49.9
50.0
50.2

24.3
22 8
24.3
24 0

12.2
11 6
il.l
10 7

17.6
16 8
16.9
19 4

1967 Mar.
June. .
Sept.
Dec

327.6
322.9
333 0
341.8

66,7
71.8
73.2
73.1

44 9
46.7
46.9
49.1

216.0
204.4
212.8
219.6

58.0
55,5
61.1
63.8

45
4 3

9.5
9.0
9.0
9.0

14 1
11.0
10.7
12.2

24 1
23.6
23 4
24.1

50.5
50.7
50.9
51.2

23 1
19.7
21 1
22.3

11 1
11.4
11 7
12 9

21 I
19.3
20 6
19.9

1968 Mar
June
Sept
Dec.

346.8
345 4
352.6
356 2

72.9
76,1
76.5
76.6

49.7
52 2
53.3
52 9

224.3
217.0
222.7
226.7

62,0
59 7
63.5
66.0

.4.3

8.9
8.5
8.5
8.4

13.9
12 0
12.9
14.2

25.6
25 1
24.7
24 9

51.3
51.5
51.6
51.9

23.9
22 8
23.8
23 3

12.0
10 7
11.3
12 4

22.4
22 7
22.4
21 9

1969Mar. .
June
Sept. .
Dec

358 7
352.9
359 9
367.4

79.0
84.8
86,9
89.0

52 4
54,1
54 1
57.2

227.3
214,0
218.8
221.2

61.0
55.3
54.7
56.8

38
3.5
3 3

8.2

3.1

15 6
11.1
10.0
10.4

26 9
26.4
27.1
27.2

51,8
51.8
51,7
51.8

25.5
25.5
27 0
29.0

11 0
10.3
12 1
10.4

23 5
22.0
25 3
24.9

1970 Mar...
June
Sept.
Dec

371.2
370 1
377 9
388.3

90.4
95.2
95 5
97.1

55.8
57,7
60 0
62.1

225.0
217.2
222.4
229.1

55.5
52.6
56 3
62.7

3.2
3,2
3.2
3.1

7.4
7.2
7.5
7.4

10.2

29.0
29 0
28 8
27.8

51.6
51.6
51 7
52.1

30 9
30 2
30 3
29.1

12
14
16
19

24
21
21
19

1961 Mar..
June. .
Sept.
Dec

..

U.S. savings bonds, series A-F and J, are included at current redemption
value.
2
Includes gross public debt and fully guaranteed securities issued by
the Commodity Credit Corporation, Federal Farm Mortgage Corporation,
Home Owners* Loan Corporation, Reconstruction Finance Corporation,
U.S.
Housing Authority, and Federal Housing Administration.
3
Consists of commercial banks, trust companies, and stock savings
banks in the United States and in territories and island possessions.
Data
exclude securities held in trust departments.
4
Exclusive of banks and insurance companies.
a8 Includes partnerships and personal trust accounts.
Consists of the investments of foreign balances and international
accounts in the United States. The figures exclude non-interest-bearing
notes issued to the International Monetary Fund and other international
lending organizations.

Digitized for FRASER


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

6.1

6.2
6.2
6.0

5.6

5.5

4.2
4.2

3.9
3.7

8.1
7.6

7.6

8.5

69
7.3

4
0
6
7

8
0
2
9

7
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers,

NOTE.Actual holdings reported for F.R. Banks and U.S. Govt.


agencies and trust funds; Treasury estimates for other groups.
Old concept: Total debt includes both gross public debt and fully guaranteed securities. The investor class "U.S. Government agencies and trust
funds'* includes holdings of Government-sponsored but privately owned
agencies and certain Government deposit accounts.
New concept: Total gross public debt excludes guaranteed securities.
Holdings of Government-sponsored agencies and certain Government
deposit accounts are included in "other miscellaneous investors" rather
than in "U.S. Government agencies and trust funds."
In order to conform with Budget presentation, all debt figures exclude
notes issued to the IMF and other international lending organizations.

883

U.S. GOVERNMENT FINANCE


13.5

OWNERSHIP OF U.S. GOVERNMENT MARKETABLE SECURITIES BY MATURITY


QUARTERLY, MARCH 1941-DECEMBBR 1970
A. ALL HOLDERS
[Par value; in billions of dollars]
Coupon issues

End of
quarter

Total

Bills

Coupon issues

Within 1 year
Certificates

Other

1-5
years

5-10 Over 10
years years

End of
quarter

Total

5-10 Over 10
years : years ] years

Certifi- 1, Other
cates
1

li

Maturity-date basis (continued)

Ci 11-date basis (see NOTE below)

1941- Mar.
June
Sept.
Dec.

42,9
44.1
44.3
47.8

1.6
1.6
1.3
2,0

3.5
2.5
3,5 '
3.2

15.8
18.2
17.7
17.7

10.2 ]!
9.9
10.7
12.3

12.0
11.8
11.0
12.6

1942Mar.
June
Sept.
Dec.

48.9
55.1
64.9
80.7

1.7
2.5
4.6
6.6

3.1
6.2
10.5

2.2
2.5
2.7
4.0

17.6
17.4
18.4
20.2

14.3
17.1
19.2
22.8 !

13.1
12.5
13.7
16.6

1943Mar.
June
Sept,
Dec.

83.8
99.3
115.4
119.2

9.2
11.9
13.1
13.1

11.2
16.6
21.1
22.8

4.6
7.3
7.7
6.9

21.9
20.8
23.3
22.9

20.4
16,5
23.1 | 19.6
23.1
27.0
23.4
30.0

1944 -Mar.
June
Sept.
Dec,

129.6
141.6
145.9
162.8

13.1
14.7
15.7
16.4

25.7
28.8
29.6
30.4

7.8
7.7
8.0
8.0

23.5
25.1
26.6
35.0

30.0 1
33.9
34.2
37.9

1945=Mar,
June
Sept.
Dec,

163.4
181.4
182,9
198.8

16.9
17.0
17.0
17.0

34.5
34.1
35.1
38.2

8.5
9.5
13.2
15.3

31.7
34.8
36.0 i
35.4 [

39.2
32.7
41.5
44.4
35.7
46.0
33.0 1 59.8

1946-Mar.
June
Sept.
Dec.

197.1
189.6
184.4
176.7

17.0
17.0
17.0
17.0

40.4
34.8
34.5
30.0

12.1
10.3
9.7
8.0

33.4
35,1
39.4
39.6

34.5
32.8
28.9
27.3

59.7
59,6
54.8
54.8

1947 -Mar.
June
Sept.
Dec.

172.5
168.7
168.0
165.8

17.0
15.8
15.7
15.1

27.8
25.3
24.9
21.2

8.3
11.3
11.2
14.4

38.3
42,5
42.4
49.9

26.3
18.9
18.9
10.3

54.8
54.8
54.8
54,8

1948~Mar.
June
Sept.
Dec.

161.4
160.4
158.3
157.5

13.9
13.8
12.6
12.2

20,3
22.6
22,3
26.5

15.6
13.5
10.6
10.3

46.4
46.1
48.4
44.1

10.3
10.5
10.5
10.5

54.8
53.9
53.9
53.9

1949 -Mar.
June
Sept.
Dec.

155.7
155.2
155.7
155.1

11.6
11.5
12.3
12.3

28.8
29.4
30,4
29.6

8.8
11.4
16.2
14.5

42.1
39.2
33.0
35.1

10.5
15.1
15.1
18.5

53.9
48.6
48.6
45.1

1950 Mar.
June
Sept.
Dee.

154.5
155.2
153.7
152,4

12.3
13.5
13.6
13.6

24,4
18.4
11.6
5.4

12.5
10.5
26.8
39.0

44.2
51.8
40,5
33.4

15.9
15.9
15.9
17.4

45.1
45.1
45.1
43.6

1951- Mar.
June
Sept.
Dec.

151.6
137.9
140.2
142.7

13.6
13.6
15.6
18.1

9.5
15.3
29.1

40.1
37.8
31.2
25.6

38.3
31.0
36.8
28.7

16.0
16.0
11.2
11.2

43.6
30,0
30.0
30.0

1952 Mar.
June
Sept.
Dee.

141.4
140.5
143.9
148.6

16.9
17.2
17.2
21.7

29.1
28.4
27.8
16.7

24.5
25.3
25.3
35.9

29.6
29.4
29.5
30.2

11.2
,13.3
17.6
17.6

30,0
26,7
26.6
26.6

1953 Mar,

146.0

19,2

16.0

40.5

25.6

18.2

26,6

29.5
31.3
31.8
35.1

Matu rity-date basis (see NOTE below)


1953 June
Sept.
Dec.

147.3
152.8
154.6

19,7
19,5
19,5

15.9
26.4
26.4

29.0
21.0
27.3

32.3
35.5
29.4

18.7
18.7
20.3

31.7
31.7
31.7

1954- Mar.
June
Sept.
Dec.

150.1
150.4
154.0
157.8

21.0
19.5
19.5
19.5

19.4
18,4
18.2
28.5

24.6
22.2
22.7
14.8

22.8
28.0
32.3
29.6

30.5
30.5
29.5
33.7

31.7
31.7
31.7
31.7

1955- Mar.
June

153.4
155.2

19.5
19.5

17.7
13.8

15.4 |
16.4

33.5
38.2

33.7
33.7

33.6
33.6

1
Prior to 1950 consists of Treasury debt and guaranteed Federal agency
debt. Thereafter, includes Treasury debt only. Bills and certificates consist of regular and tax-anticipation series.

Digitized for FRASER


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

Within 1 year

Bills

884

1955 Sept.
Dee.

159.5
163.3

20.8
22.3

9.0
15.7

28.9 '
22.6

32.6 '
38.3

33.7
31.4 ;

34,4
32.9

1956 Mar.
June
Sept.
Dec.

159.5
155,0
156.4
160.4

20.8
20.8
20.8
25.2

20.8
16.3 i
19.5
19.0

16.1 I
21.6 1
23.6
24.4

37.5
32.0
30.5
41.0

31.4
31.3 ,l
29.1 '!
17.9

32,9
32,9
32.9
32,9

1957 Mar.
June
Sept.
Dee.

159.9
155.7
161.8
164.2

25.3
23.4
26.7
26.9

19.4
20.5
35.0
34.6

42.2
22.3
27.1
39.2
44.2
10.5
13.0 ! 46.5

17.9
14.7
14.7
11..*

32,9
30,8
30.7
32.0

1958 Mar.
June
Sept.
Dee.

162.9
166.7
167.7
175.6

23.0
22.4
22,7
29.7

31.5
32,9
38,5
36.4

18.1
12.5

40,8
41.1
48,2
52.3

15/1
23.0
1SJS
18.7

33.7
34.9
34. H
32.0

1959 Mar,
June
Sept,
Dec,

176.3
178,0
183.1
188.3

32.2
32.0
37.1
39.6

34.4
33.8
20.3 !
19.7

16,2
19.1

60.6
56.8
61.2
61.6

14,8 \1
18.5
18,5
23.6

32.8
29.7
29.7
24.6

1960 Mar.
June
Sept.
Dec.

185.4
183.8
186.4
189.0

37.2
33.4
36.5
39.4

15.2
17.6
25.5
18.4

18.8
17.9
12,7
15,9

72.9
72.8
68.6
72.3

21.4
21.7
22.8
18.7

19,9
20,3
20,3
24,2

1961 Mar.
June
Sept.
Dec.

186,5
187.1
191.9
196.0

36,5
36.7
41.9
43.4

11.5
13.3
5.5
5.5

27.1
29.6
32.4
35.5

62.5
59.9
65.2
66.4

27.7
26.4
21,9
19.8

21 .2
2L2
24.9
25.4

1962 Mar.
June
Sept.
Dec.

196,5
196.1
198.0
203.0

43.0
42.0
42,2
48.3

12,4
13,5
17.8
22.7

30.3
31.4
24.4
16.3

61.2
58.5
58.2
61.6

23.7
26.1
32.4
34.0

25.9
24.5
22.9
20.1

1963 Mar.
June
Sept.
Dec.

203.5
203.5
204.3
207.6

48.5
47.2
48.2
51.5

21.8
22.2
15.5
10,9

11.4
15.9
19.4
26.9

61.3
58.0
58.1
58.5

38.0
37,4
39,1
35.7

22,5
22.8
24.0
24.0

1964 Mar.
June
Sept.
Dec.

208.2
206.5
209.0
212.5

4.2
52.5
50.7 1 . . . . . .
53.3
56,5

27.3
30.7
29.3
32.0

63.4
65.5
57.5
64.0

36.1
34,9
43.0
36.4

24.7
24.7
25.8
23,6

1965 Mar.
June
Sept.
Dec,

212.5
208.7
208.4
214.6

56.5
53.7
53.7
60.2

31.0
34.0
38.8
33.2

62.1
56.2
55.3
60,6

37.1
39.2
35.0
35.0

25.7
25.7
25,6
25.6

1966 Mar.
June
Sept.
Dec.

215.2
209.1
211.8
218.0

59.5 !
54.9 !
58.3
64.7

!:?

30.6
32.6
27.3
34.6

64.3
60.9
63,0
59.4

33.6
33.6
30.8
28,0

25.5
25.5
25.4
25.4

1967 Mar.
June
Sept.
Dec.

219.9
210.7
218.6
226.5

66.6
58.5
63.7
69.9

5.9
5.6

29,7
25.5
31.7
34.5

66.7
71.4
78.2 '
78.2

25.7
24.4
19. H
18.9

1968 Mar.
June
Sept.
Dec.

231.7
226.6
233.6
236.8

71.3
64.4
69.8
75.0

43.3
42.0
36.8

68.0
64.5
65.0
68.3 i

24.0
30.8
37.1
35.1

25.0
25.0
24.9
24.8

1969 Mar.
June
Sept.
Dec.

237.3
226.1
231.2
235.9

77.5
68.4 !
74.0

25.8
35.6
38.6
37.6 s

73.5
62,8
69.5
73.3

35,7
34.8
24.6
20.0

24.7
24.6
24,5
24.4

1970 Mar.
June
Sept.
Dec.

238.2
232.6
239.3
247.7

83.7 |i
76.2 i
80.7
87.9

37.6
29.4
28.0
35.5

75.9
89.6 1
91.1
82.3

19.3
15.9
18,1
22.6

21.7
21.6
21.5
19.4

80.6

7.0
5.9

! 6'.1

33.6

', .

25.3
25.2
25.2
25,1

NOTE.Most coupon issues are bonds, which are typieuHy callable


(redeemable at the option of the Treasury) several years before maturity,
Before June 1953, maturity classification is by call date; thereafter, by
maturity date.

13.5

OWNERSHIP OF U.S. GOVERNMENT MARKETABLE SECURITIES BY MATURITY


QUARTERLY, MARCH 1941-DECEMBER 1970Continued

B. U.S. GOVERNMENT AGENCIES AND TRUST FUNDS


[Par value; in billions of dollars]
Coupon issues

Coupon issues
End of
quarter

Total

Bills

Within 1 year
Certificates

Other

1-5
years

5-10 Over 10
years
years

End of
quarter

Total

(3)
2.4
2.5
2.8

1942Mar.
June
Sept.
Dec.

2.7
2.8
3.0
3.2

(3)

(3)

1943 Mar.
June
Sept.
Dec.

3.3
3.8
4.2
4.2

.1

1944 Mar.
June
Sept,
Dec.

4.1
4.7
4.6
5.3

.1
.1
.1
.1
.1

1945 Mar.
June
Sept.
Dec.

5.1
6.1
6.0
6.9

*".i

1946 Mar.
June
Sept.
Dec.

7.0
6.7
6.5
6.3

,1
,1
,1
.1

1947 Mar.
June
Sept.
Dec.

6.3
5.3
4.3
5.2

1948 Mar.
June
Sept.
Dec.

5.5
.1
5.3
5,4 "".1
.1
5.4

1949 Mar.
June
Sept.
Dec.

5,6
5.4
5.4
5.3

1950Mar.
June
Sept.
Dec.

5.4
5.3
5.3
5.3

1951Mar.
June
Sept.
Dec.

6.2
3.2
3.4 "",1
3.3

1952 Mar.
June
Sept.
Dec.

3.4
2.9
3.0
3.2

.1

1953 Mar.

3,3

.2

(3)
1.0
.9
1.0

.8
.8
.8
.9

.8
.9
.9
.8

.'4

.3
.2
.2

1.0
.7
.8
.9

.8
.8
.9
.8

.4
.7
2.2
2.2

.1
.1
.1

.5
.5
.4
.6

.8
.8
.8

2.6
3.2
3.2
3.8

.1
.3
.2
.2

.5
.4
.4
.4

.9
.9
.8
.8

3.5
4.5
4.5
5.5

.2

.4
.4
.6
.6

,8

!?

.5

5.5
5.5
5.1
5.1

.6
.5
.4
.3

.5
.4
.4
.4

5.1
4.3
3.5
4.4

.3
,3
.3
.2

.4
.3
.3
.3

4.7
4.7
4.7
4.7

.3
.2
.2
.2

.3
.5

'.6

4.7
4.5
4.5
4.4

.4
.3
,2
.2

.4
.4
.4
.4

4.5
4.5
4.5
4.7

.2
.1
.2
.2

,4
.4
,3
.3

5.5
2.6
2.7
2.7

.1
!l

.3
.5
.6
.6

2.8
2.2
2.2
2.3

.1

.7

2.3

!i
.1
.1
.1
.1
.1

i'
.1
,1
.1
.1
.1
.1
.1
,1
.1
.1
.1

.1
.1
.1

(J>

6
.6
.8

!i'

!i
.1

,9
.0

Maturity-date basis (see NOTE below)


1953June
Sept.
Dec.

3.5
3.5
3.6

1954 Mar.
June
Sept.
Dec.

3.6
3.5
3.5
3.5

1955Mar.
June

3.7
3.7

.1
.1
.1

.2

.4
.4
.4

2.7
2.8
2.8

]l

.5
.5
.5
,5

2.8
2.7
2.7
2.8

.2
.2

.5
.5

2.9
2.9

'.2
.2
.2

1
Prior to 1950 consists of Treasury debt and guaranteed Federal agency
debt. Thereafter, includes Treasury debt only. Bills and certificates consist2 of regular and tax-anticipation series.
For 1941 through 1944, includes small amounts of guaranteed Federal
agency securities held by F.R. Banks. On December 31 these amounted
to $4.6 million in 1941; $36.8 million in 1942; $83.0 million in 1943; and
$25,0 million in 1944.

Digitized for FRASER


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

Other

1=5
years

5-10 Over 10
years
years

Maturity-date basis (continued)

.8
.8

....

.2

(3)

Within 1 year
Certificates

Call-date basis (see NOTE below)


1941 Mar.
June
Sept,
Dec.

Bills

1955Sept.
Dec.

3.7
4.2

1956 Mar.
June
Sept.
Dec.

4.6
4.9
4,9
5.0

.4

.2

.2
.1

.3
.4

1957 Mar.
June
Sept.
Dec.

5.2
5.5
6.0
6.3

.2
.1
.1
.1

1958 Mar.
June
Sept.
Dec.

6.5
6.6
6.7
6.6

1959 Mar.
June
Sept.
Dec.

.2
.4

.5
,4

3.0
3.0

.1

.5

.4

.4
.4

.6
.7

.4
.3

3,0
3.0
3.0
3.1

.4
.4
.7
.6

A
.6
.4
.5

.9
1,2
1.6
1.8

.3
.3
.3
.3

3.1
2.9
2.9
3.1

.2
.2
.2
.1

.6
.6
.6
.5

.6
.1
.1
.2

1,5
1.6
1.7
1.7

.4
.9
.9
1.2

3.2
3.3
3.3
3.0

6.9
7.0
7.0
7.4

.2
,1
,1
,3

.5
.5
,4
.4

.1
.3
.4
.4

1.8
1.7
1.7
1.9

1.2
1.4
1.5
1.9

3.1
2.9
2.9
2.6

1960 Mar.
June
Sept.
Dec.

7.7
7.8
7.9
8.1

.4
.4
.5
.6

.4
.5
.5
.5

.4
.2
.4
.4

2.6
2.7
2,4
2.4

2.0
2.1
2.1
1.6

1.9
2.0
2,0
2.6

1961Mar.
June
Sept.
Dec.

8.3
8.5
8.4
8.5

.7
.8
.6
.6

,3
.2
.1
.1

,9
.6
,5
.6

.8
.7
.9
.9

2.5
2,6
1,6
1.6

2.1
2.6
3.6
3.8

1962 Mar.
June
Sept.
Dec.

9.1
9.0
9.3
9.6

1.1
.8
.6
.9

,2
.3
.4
.5

.5
.6
.3
.2

.3
.1

2.1
2.3
2.8
2.7

4.0
3.9
4.0
3.9

1963 Mar.
June
Sept.
Dec.

10.5
11.1
11.2
11.9

1.2

.5
.4
.3
.1

.2
.3
.4
.3

.2
.6
.8
.9

2.9
3.0
3.0
3.0

4.4
4.6
4.9
5.1

1964 Mar.
June
Sept.
Dec.

12.0
12.1
12.1
12.1

1.3
1.5
1.2
1.3

.3
.4
.5
.4

.9
.9
.8
2.4

3.2
3.0
3.1
3.1

5,3
5.3
5.5
4.8

1965 Mar.
June
Sept.
Dec.

12.6
12.3
13.2
13.4

1.4
1.0
1.1
1.0

.4
.3
.4
.4

2.2
2.3
2.8
3.2

3,3
3.5
3.3
3.4

5.4
5.3
5.5
5.5

1966 Mar.
June
Sept.
Dec.

13.5
13.4
13.9
14.6

.8
.6
.8
1.6

.6
.9
.0

3,5
3.2
3.8
3.7

3.1
3.1
2.7
2.5

5,5
5.5
5.6
5.6

1967 Mar.
June
Sept.
Dec.

16,4
17.5
16.5
16.6

3.2
3.8
2.6
2.4

.9
.9
.1
,1

4.3
4.7
5.0
5.2

2.4
2.5
2.1
2,2

5.6
5.6
5.6
5,6

1968 Mar.
June
Sept.
Dec.

17.0
17.4
17.2
15.4

2.5
2.2
2.0
1.0

.3
!3
.4

5.0
4.9
5.1
4.5

2.7
3.5
3.1
3.0

5.6
5.6
5.6
5.5

1969 Mar.
June
Sept.
Dec.

15.9
16.0
16.1
16.3

1,2
1.0
.8
.8

.4
.3
.6
.5

4.8
4,9
5.1
6.0

3.1
3.3
3.1
2.5

5.5
5.5
5.5
5.5

1970 Mar.
June
Sept.
Dec.

16.4
17.0
16.9
17.1

.7
1.0
.7
,7

.4
.7
.8
2.3

6.6
7.2
6.8
6.1

2.8
2.3
2.7
3.9

4.8
4.8
4.8
4.1

.3

'.9
1.4

.1
.1

3
Data for March 1941, consistent with later data, are not available for
this group of holders,

NOTE.-Most coupon issues are bonds, which are typically callable


(redeemable at the option of the Treasury) several years before maturity.
Before June 1953, maturity classification is by call date; thereafter, by
maturity data.

885

U.S. GOVERNMENT FINANCE


13.5

OWNERSHIP OF U.S. GOVERNMENT MARKETABLE SECURITIES BY MATURITY


QUARTERLY, MARCH 1941-DECEMBER 1970Continued
C. FEDERAL RESERVE BANKS
[Par value; in billions of dollars]
Coupon issues

End of
quarter

Total

Bills

Coupon issues

Within 1 year
Certificates

Other

5-10 Over 10
years
years

1-5
years

End of
quarter

Total

1955Sept.
Dec.

23.8
24.8

1.1
1.7

2.5
6.0

,5.,
13.0

2.,
K6

.0
.0

1,4
1,4

1956Mar.
June
Sept.
Dec.

23.6
23.8
23.7
24.9

.7
.9

7.9
8.4
8.5
9.2

1.6
1.1
1.1
.4

.0
.0
.0
.0

1.4
1,4
U4
1.4

1957 Mar.
June
Sept.
Dec.

23.1
23.0
23.3
24.2

8.6
8.6

.4

1.2

1.0
,8
.8
.1

1.4
1.4
1.4
1.4

1958 Mar.
June
Sept.
Dec.

23.6
25.4
25.0
26.3

.9
2.7
I.O
2.3

1959 -Mar.
June
Sept.
Dec.

25.5
26.0
26.6
26.6

1.5
2.0
2.6
2.6

.2

1960 Mar.
June
Sept.
Dec.

25.3
26.5
27.0
27.4

1.3
2.5
3.0
3.2

.1

1961Mar.
June
Sept.
Dec.

26.7
27.3
27.8
28.9

2.3
2.8
3.0
3.3

1962 Mar.
June
Sept.
Dec.

29.1
29.7
29.8
30.8

3.1
3.0
2.4
2.7

10.9
10.9
11.0
11.0
11.4
11.4
19.9
20.1
19.9
19.9
21.5
18.7
18.7
18.7
10.5
10.5
8.5
8.5
14.0
9.1
5.4
6.5
1.6
1.7
5.0
5.6
9.5
13.2

1963Mar.
June
Sept.
Dec.

31,0
32.0
32,6
33.6

2.6
3.4
3.3
4.1

1964 Mar.
June
Sept.
Dec.

33.8
34.8
35.4
37.0

4,3
5.2

1965Mar.
June
Sept.
Dec.

37.6
39.1
39,8
40.8

7.0
7.9
8.4
9.3

1966Mar.
June
Sept.
Dee.

40.7
42.2
42.9
44.3

9 2
KK4
11.1
12.3

1967Mar.
June
Sept.
Dec.

44.9
46.7
46.9
49.1

12.9
14.1
14.1
16.0

1968Mar.
June
Sept.
Dec.

49.7
52.2
53.3
52.9

16.2
18.4
19.2
18.8

1969Mar.
June
Sept.
Dec.

52.4
54.1
54.1
57.2

17.9
19.5
19.1
22.3

1970 Mar.
June
Sept.
Dec.

55,8
57.7
60.0
62.1

20.9
22.4
24.4
26.0 '

2,2
2.2
2.2
2.2

.2
.1
.2
.2

1,0
l.l
1.0
1.0

.5
.5
.6
.6

.5
.5
.4
.4

1942- Mar.
June
Sept.
Dec.

2.2
2.6
3.6
6.2

.2
.7
1.0

'.5
1.0

.1
.3
,2
A

.9
.8
.9
1,7

.8
.8
.9
1.5

.4
.4
.4
.5

1943 Mar.
June
Sept.
Dec.

5.9
7.1
8.9
11.6

2,1
3.8
5,4
6.8

.8
1.1
1.3
2.5

.5
.6
.6
.5

1.5
1.1
1.0
.9

.2
.1
.1

1944 Mar.
June
Sept.
Dec.

12.1
14.9
16.6
18.8

6.5
8.9
10.8
11.1

3.0
3.4
3.6
4.9

.5
.5
.6
.6

1.2
1.2
1.0
1.6

.8
.4
.5
'7
.6
.6
.4
.4

1945 -Mar.
June
Sept.
Dec.

19.7
21.8
23.3
24.3

12.1
13.0
13.2
12.8

5,4
6.0
7.2
8.4

,1
.8
1.6
2.0

1.0
1.5
1.0
.7

,3
.3
.2
.2

.2
.2
.2
.1

1946 Mar.
June
Sept,
Dec.

22.6
23.8
24.0
23.3

13.3
14.5
14.7
14,7

7.0
6,8
7.9
7,5

1.3
1.4
.4
.1

.7
.8
.8
.8

1947Mar.
June
Sept.
Dec.

22.6
21.9
22.3
22.6

15.1
14.5
14.0
11,4

6.4
6.3
7.1
6.8

.2
.3
.5
1.7

.7
.7
.6
1.4

1948 Mar.
June
Sept.
Dec.

20.9
21.4
23.4
23.3

8.9
8.6
7.0
5.5

4.5
4.6
5.1
6.1

2.0
2.1
1.7
.8

1949 Mar.
June
Sept.
Dec.

21.7
19.3
18.0
18.9

5.2
4.3
4.3
4.8

6.9
6.9
5.8
6.3

1950 Mar.
June
Sept.
Dee.

17.6
18.3
19.6
20.8

4,0
3.9
1,5
1.3

1951 Mar.
June
Sept.
Dec.

22.9
20.3
22.0
22,6

1952 Mar.
June
Sept.
Dee.

1953 -Mar.

.2
.2
.2
.2

.4

!8

2.1
2.6
3.3
3.3

.5
.5
.4

3.0
2.9
5.7
7.2

.7
1.0
1.1
.9

2.8
2.1
1.7
1.9

.2
.6
.6
1.4

5.9
4.4
4.4
3.5

5.9
5.4
5.0
2.3

.7
.4
4.3
12.4

2.8
5.1
6.1
1.3

1.2
1.2
1.0
1.0

3.1
2.3
1.7
2,5

1.7
.5
1.1
.6

3.2
4.9
12.8

12.3
10.3
8.7
1.7

4.4
3.9
4.9
5.1

1.0
1.0
1.0
1.0

3,5
1,4
1.4
1.4

21.3
22.2
23.0
24.7

.4
.4
1.3

11.8
11.8
12,5
5,1

1.6
1.6
1.7
9.2

5.4
5.9
5.9
6.7

1.1
1.1
1.1
1.1

1.4
1.4
1.4
1.4

23.8

.5

5.0

9.5

6,4

1.1

1.4

Matu rity-date basis (see NOTE t>elow)


1.4
1.4
1.4

1.4
1,4
1.4

6.3
6.3
6.3
3.1

1:8
1.0
1.0

.4
.4
.4
.4

3.1
3.8

1.0
1.0

.4
.4

1953=June
Sept.
Dee.

24.7
25.2
25,9

1.5
1.9
3.0

5,0
5.8
5.9

9.0
8,3
8.1

6.4
6.4
6,2

1954 Mar.
June
Sept.
Dec.

24.6
25.0
24.3
24.9

2,0
2.3
1.5
2.2

6.1
6.6
6.6
13.9

7.8
7.4
7,4
3.3

10.0
8.3

7.2
8.2

.9
.9

i Prior to 1950 consists of Treasury debt and guaranteed Federal agency


debt. Thereafter, includes Treasury debt only. Bills and certificates consist of regular and tax-anticipation series.

Digitized for FRASER


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

j 1-5 i 5-10 (Over 10


j years 1 years years

Maturity-date basis (continued)

1941Mar.
June
Sept.
Dec.

23.6
23.6

Within 1 year

J^'JO-

Call-date basis (see NOTE below)

1955 Mar.
June

Bills

886

1.'9
.3

'.6

l:i

13.6
14.5
10.7
7.1
3.3

.i

\'1
1.4

.3
.4

1.0
1.0
1.0 i
3.9

.1
.1
-l

1.4
1.4
1.4
1.3

.2
,4
.4
.7

1.3

1.2
1.2
1.2
1.2

.3
,^
.3
.3

8:5
13.8

3.9
3.9
6.5
6.5
8.5
5,7
5.7
10.7
9.3
10.3
11.9
8,7
10,4
10.0
10.1
10.8
10.9
8.3
10.9
8,7
12.2
14.7
13.0
13.6
12.4
10.1
8,5
14.1
13.3
13.6
13.7
7.5 ,
10.1
13.4
14.9
16.2
7.9
7.7
7.9
12.9
18.5 1
7.7
12.2
12.8

13.3
4.0
4.0
10.4

14.0
25.4
25.4
19.1

5.5
5.5
5.5
8.4
2.9
2.9
7.9
5.3
8.8
12.6
8.0

III
1.8
1.5
3.7
5.2
11.4

11.8
12.9
14.9
14.9
16,6
19.2
.,
21.1
15.5
16.5
16.4 !
12.2
"'4A
4.4
18.7
16.2
4.4
4.4 ! 13.3
16,5
15.4
.. 23.2
20.1
15.3
9.8
1.9

.2

1.7
2.1
2.3
2.2
2,2
2.2
2.3
2.1
2.2
2.1
2.2
2.1

Ll
.8

i
,3

I
.2

2.1
1 8
2]l
1.8

:!

1.3
1.5
1.4
1.4

.3
.4
.4
.4

1.3
1.3 I
1.2
1.0

,4
.4
,4
.4

.9
1.0
.9
.9

.4
.5
.5
.6

1.8
5.5
10.2
10,9

.6
.6
.6
.6

13.4 !
13,4
8.5
7.6

.6
.7
.7

7,0
5.3
5.5
6.0

.2

1
.7

NOTE,Most coupon issues are bonds, which are typically callable


(redeemable at the option of the Treasury) several years before maturity,
Before June 1953. maturity classification is by call date; thereafter, by
maturity date.

U.S. GOVERNMENT FINANCE


13.5

OWNERSHIP OF U.S. GOVERNMENT MARKETABLE SECURITIES BY MATURITY 1


QUARTERLY, MARCH 1941-DECEMBER 1970Continued
D. HELD BY PRIVATE INVESTORS
[Par value; in billions of dollars]
Coupon issues

Coupon issues

End of
quarter

Tota

Bills

Within 1 year
Certificates

Other

1-5
years

Over 10
years years

End of
quarter

Total

Certificates

1941Mar.
June
Sept.
Dec.

39.5
39.7
43.0

1.6 . . . U . .
1.3
2.0

2.^3
3.3
3,0

16.3
15.9
15.9

8.9
9.5
10.9

.ft

1942 Mar.
June
Sept.
Dec.

44.2
49.7
58.6
71.3

1.7
2,3
4.0
5.6

5\7
9.5

2.0
2.1
2.4
3.4

15.9
15.8
16.7
17.6

12.7
15.4
17.5
20.4

11.8
11.1
12.2
14.7

1943Mar.
June
Sept.
Dec.

74.9
88.7
102.2
103.4

7.1
8.0
7,7
6.3

10.3
15.4
19.7
20.3

4.1
6.5
7.0
6.2

19.4
19.1
21,5
21.1

18.9
21.9
25.6
28.5

15.0
17.7
20.6
21.0

1944 Mar,
June
Sept.
Dec.

113.5
122.1
124,7
138,7

6.6
5.8
4.9
5.2

22.7
25.4
26.0
25.5

7.1
7.1
7.3
7.2

21.8
23 .4
25.1
32.9

28.6
32.5
33.0
36.8

26.6
27.9
28.4
31.1

1945 Mar.
June
Sept.
Dec.

138.5
153.4
153.5
167.6

4.8
4.0
3.7
4.2

29.0
28.0
27.8
29.8

7.6
8.5
11.4
13.0

30.1
32.9
34.6
34.3

37.9
40.3
34.7
32.0

29.0
39.8
41.3
54.2

1946 Mar,
June
Sept.
Dec.

167.6
159.0
153.8
147.2

3.7
2.5
2.3
2.3

33.4
27.9
26.5
22.4

10.6
8.9
9.3
7.9

32.3
33.9
38.0
38.2

33.5
31.9
28.1
26.7

54.1
53.9
49.6
49.7

1947Mar.
June
Sept.
Dec.

143.6
141.2
141.1
137.9

1.9
1.3
1.6
3.6

21.3
19.0
17.7
14.4

8.0
10.9
10.7
12.6

37.0
41.3
41.5
48.2

25.7
18.4
18.5
9.5

49.7
50.3
51.1
49.6

1948 Mar.
June
Sept.
Dec.

134.8
133.7
129.2
128.7

5.0
5.2
5.5
6.7

15.8
18.0
17.1
20.4

13.5
11.3
8.8
9.3

44.0
43.2
44.8
40.6

9.4
9.7
9.6
9.7

47.1
46.3
43.4
42.0

1949 Mar.
June
Sept.
Dec.

128.3
130.3
132.1
130.9

6.2
7.1
7.9
7.6

21.9
22.6
24.6
23.3

8.1
10.3
14.9
13.5

39.0
36.8
31.1
32.9

10.0
13.8
13.9
16.5

43.3
39.7
39.7
37.1

1950 Mar.
June
Sept.
Dec.

131.3
131.6
128.7
126.3

8.3
9.6
12.0
12.3

18.5
13.0
6.6
3.1

11.7
10.0
22.3
26.6

41.0
46.4
34.3
31.9

14.3
14.3
14.5
16.0

37.5
38,3
38.9
36.4

1951Mar.
June
Sept.
Dec.

122.5
114.7
114.7
116.8

11.9
13.1
14.4
17.5

" 6.i'
10.4
16.3

27.7
27.7
22.4
23.8

33.7
27.0
31.7
23.4

14.6
14.6
9.9
9.9

34.6
26.0
25.9
25.9

1952 Mar.
June
Sept.
Dec.

116.6
115.2
118.1
120.7

16.8
16.8
16.8
20.3

17.2
16.5
15.3
11.6

22.9
23.7
23.4
26.6

24 .1
23.3
23.5
23.4

9.8
11.7
15.9
15.9

25.8
23.1
23.2
22.9

1953 Mar.

118.9

18.5

30.9

19.1

16.4

22.9

9.7
11.2

Maturity-date basis (see NOTE below)


1953June
Sept.
Dec.

119.2
124.1
125.2

18.2
17.4
16.4

10.9
20.3
20.4

19.9
13.1
19.3

25.7
28.8
23.0

16.9
16.9
18.5

27.6
27.6
27.5

1954 Mar.
June
Sept.
Dec.

121.8
121.8
126.2
129.4

19.1
17.2
18.0
17.3

13.2
11.8
11.7
14.6

16.7
14.8
14.9
11.4

16.3
21.3
25.8
26.4

29.0
29.0
28.1
32.2

27.6
27.6
27.5
27.5

1955 Mar.
June

126.1
127.9

18.6
18.6

7.7
5.7

8.1
8.0

30.2
34.1

32.2
32.1

29.3
29.3

1
Prior to 1950 consists of Treasury debt and guaranteed Federal agency
debt. Thereafter, includes Treasury debt only. Bills and certificates consist
of 2regular and tax-anticipation series.
Data for March 1941, consistent with later data, are not available for
this group of holders.

Digitized for FRASER


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

Other

1-5
years

5=10 Over 10
years years

Maturity-date basis (continued)

Call-date basis (see NOTE below)

11.0

Within 1 year

Bills

1955Sept.
Dec.

131.9
134.1

19.6
20.2

6.5
9.7

13.2
9.4

30.4
36.3

32.2
29.9

30.0
28.6

1956 Mar.
June
Sept.
Dec.

131.3
126.3
127.8
130.5

19.7
19.6
19.9
23.2

9.7
5.0
8.2
7.6

8.1
12.9
14.7
14.8

35.4
30.4
28.7
39.9

30.0
29.9
27.7
16.6

28.5
28.5
28.5
28,4

1957 Mar.
June
Sept.
Dec.

131.6
127.2
132.5
133.7

24.8
23.0
26.0
25.6

7.6
8.7
14.5
13.9

13.3
17.9
10. 1
12.4

40.9
37.3
41.9
43.3

16.6
13.6
13.6
10.9

28.4
26.5
26.4
27.5

1958 Mar.
June
Sept.
Dec.

132.8
134.7
136.0
142.7

21.9
19.5
21.5
27.3

11.0
12.4
16.4
17.2

17.2
12,0
7.6
6.3

38.3
38.5
45.5
46.7

15.2
22.0
14.8
17.3

29.1
30.2
30.1
27.7

1959 Mar.
June
Sept.
Dec.

143.9
145.0
149.5
154.3

30.5
29.9
34.4
36.7

15.2
14.6
9.4
8.8

1,3 . 54.9
6.8
51.2
10.3
53.0
53.2
13,2

13.4
16.7
16.6
21.0

28.4
25.7
25.7
21.2

1960 Mar.
June
Sept.
Dec.

152.4
149.5
151.5
153.5

35.5
30.5
33.0
35.6

6.3
8.7
11.0
8.8

12.9
9.3
9.4
12.6

61.8
64.4
60.5
59.2

18.2
18.4
19.5
15.9

17.7
18.0
18.0
21.3

1961 Mar.
June
Sept.
Dec.

151.5
151.3
155.7
158.6

33.5
33.1
38.3
39.5

5.8
6.6
3.8
3.7

18.3
23.7
23.1
22.3

51.4
47.9
51.4
55.8

23.5
21.7
18.0
16.0

19.0
18.4
21.1
21.3

1962 Mar.
June
Sept.
Dec.

158.3
157.4
158.9
162.6

38.8
38.2
39.2
44.7

7.2
7.6
7.9
9.0

21.8
22.2
18.8
14.3

49.5
47.4
46.8
49.4

19.4
21.6
27.3
29.2

21.6
20.4
18.7
16.0

1963 Mar,
June.
Sept.
Dec.

162.0
160.4
160.5
162.1

44.7
42.7
44.0
46.0

7.7
7.3
4,5
3.7

9.7
11.9
13.8
15.2

49.2
48.1
45.4
47.9

32.9
32.3
33.9
30.6

17.9
18.0
18.9
18.7

1964 Mar.
June
Sept.
Dec.

162.4
159,8
161.5
163,4

46.9
44.0
47.0
48.7

.9

15.2
17.4
13.9
16.7

49.3
48.9
42.7
48.0

30.8
30.1
37.8
31.5

19.2
19.2
20.0
18.5

1965 Mar.
June
Sept.
Dec.

162.3
157.3
155.4
160.4

48.1
44.8
44.2
49.9

14.0
14.5
17.3
17.3

47.5
43.8
44.0
43.3

32.5
34.2
30.3
30.2

20.0
20.0
19.7
19.7

1966 Mar.
June
Sept.
Dec.

161.0
153.5
155.0
159.1

49.5
43.9
46.4
50.8

13.5
15.3
14.1
14.8

47.5
44.1
45.5
48.2

29.2
29.2
26.9
24.5

19.6
19.6
19.4
19.4

1967 Mar.
June
Sept.
Dec.

158.6
146.5
155.2
160.8

50.5
40.6
47.0
51.5

12.6
14^1
18.0

52.3
53.3
58.3
56.8

22.4
20.9
16.8
15.8

19.3
19.1
19.1
18.9

1968 Mar,
June
Sept.
Dec.

165.0
157.0
163.1
168.5

52.6
43.8
48.6
55.2

18.8
20.7
20,2
22.4

55.1
51.9
52.0
50.9

19.5
21.8
23.8
21.2

18.8
18.8
18.7
18.7

1969 Mar.
June
Sept.
Dec.

169.0
156.0
161.0
162.4

58.4
47.9
54.1
57,5

22.5
21.5
23.5
22.3

50.2
50.2
52.2 I
54.5

19.2
18.1
13.0
9.9

18.6
18.4
18.3
18.2

1970 Mar.
June
Sept.
Dec.

166.0
157.9
162.4
168.5

62.1
52.8
55.6
61.2

22.9
23.7
22.2
22.8

55.3
57.0
58.9
57.1

9.5
8.3
9.9
12.7

16.3
16.2
16.1
14.6

1.7

2.5
1.4
1.5
1,2

NOTE,Most coupon issues are bonds, which are typically callable


(redeemable at the option of the Treasury) several years before maturity.
Before June 1953, maturity classification is by call date; thereafter, by
maturity date.

887

U.S. GOVERNMENT FINANCE


13.5 OWNERSHIP OF U.S. GOVERNMENT

MARKETABLE SECURITIES BY MATURITY


QUARTERLY, MARCH 1941-DECEMBER 1970Continued
E.

COMMERCIAL BANKS 2

[Par value; in billions of dollars)


Coupon issues

Coupon issues

End of
quarter

Total

Bills

Within 1 year
Certificates

Other

1-5
years

5-10 Over 10
years
years

End of
quarter

Total

fSSvo*"

1941 Mar.
June
Sept,
Dec.

17.6
19.0
19.3
20.5

.6
1.1
.8
1.0

2.0
1.5
2.2
1.9

7.4
8,6
8,5
8.6

4.2
4.2
4.4
5.5

3.5
3.6
3.4
3.4

1942 Mar.
June
Sept.
Dec.

21.1
24.9
30.7
38.8

.7
1.6
2.9
4.5

2.0
4.0
6.5

1.3
1.1
1.4
1.6

8.6
8.9
9.5
10.9

6.6
8.2
9.7
12.0

3.9
3.2
3.2
3.3

1943 Mar.
June
Sept.
Dec,

41.3
48.7
54.5
55,4

5.1
6.5
6.4
4.7

6.8
9.8
11.9
12.7

2.1
3.3
3.9
3.3

11.9
12.4
14.7
14.7

11.6 1
13.2
13.7
16.2

3.7
3,5
3.8
3.8

1944 Mar.
June
Sept.
Dec.

59,1
63.5
65,0
72.0

4.6
4.9
3.6
4.1

12.9
15.0
15.7
15.0

4.3
4.8
4.7
5.0

15.7
16.2
17.7
23.5

17.4
18.3
19.3
20.0

4.3
4.0
4.0
4.4

1945 Mar.
June
Sept.
Dec.

71.9
77.5
76.9
82.9

2.7
2.8
2.0
2.5

17.8
16.8
16.2
18,1

5.3
5.7
8.0
9.9

21.6
24.4
25.4
25.2

20.8
23.4
20.7
21.0

3.7
4.3
4.6
6.2

1946Mar.
June
Sept.
Dec.

81,9
76.5
72.4
67.0

1.5
1.1
.9
1.2

20.6
16.7
14.5
11.2

7.2
5.6
6.0
4.3

24.2
25.3
28.3
28,5

22.6
21.9
17.6
16.6

5.7
5.9
5.0
5.1

1947- -Mar,
June
Sept.
Dec.

64.3
63.0
62.8
61.3

.7
.8
.8
2.1

10.0
8.5
7.7
6.5

5,0
6.9
7.3
8.2

27.0
29.9
29.5
33.4

16.4
11.6
12.0
6.0

5.2
5.1
5.4
5.0

1948 -Mar,
June
Sept.
Dec.

58.0
57.6
55.3
55.4

2.0
2.3
2.2
2.8

7.1
8.5
7.5
9.1

7.3
6.0
4.2
5.5

31.1
30.6
31.5
28.0

6.0
6.2
6.2
6.2

4.6
3.9
3.7
3.7

1949 Mar.
June
Sept.
Dec.

53.6
56.3
59.5
59.9

1.8
2.8
3.7
3.5

8.8
9.5
12.0
11.5

5.6
7.0
10.4
9.1

26.9
26.3
22.6
24.9

6.7
6.5
6.7
7.0

3.8
3.9
4.0
3.9

1950 Mar.
June
Sept.
Dec.

58.2
59.0
55.7
54,9

2.4
3.7
3,8
3.9

8.1
5.4
2.4
1.5

7.9
7.0
13.3
14.7

30.3
33.1
25,9
24.5

5.5
5.7
6.1
7.5

4.0
4.1
4.2
2.8

1951 Mar.
June
Sept.
Dec.

51.0
51.5
52.3
54.1

2.6
3.8
4.6
6.8

2.8
4.5
6.8

13.6
15.0
13.2
16.7

25.7
20.9
24.8
18.6

6.2
6.3
2.4
2.4

2.9
2.8
2.8
2.7

1952 Mar.
June
Sept,
Dec.

52.8
53.9
54.1
55.7

5.5
5.8
4.8
7.0

6.9
6.9
6.1
4.8

16.2
16.8
16.3
17.1

19.0
18.4
18.3
17.9

2.4
3.3
5.9
6.4

2.7
2.7
2.6
2.5

1953 Mar.

51.9

4.0

4.3

19.2

14.9

6.9

2.5

5-10 Over 10
years
years

1953 June
Sept.
Dec.

51.2
54.6
55.8

4.4
4.5
4.4

4.4
9.5
9.2

10.8
6.7
11.5

18.3
20.3
16.1

8.8
9.0
10.1

1954 Mar.
June
Sept.
Dec.

53.2
56,0
59.2
60.9

3.9
4.2
5,0
4.4

5.4
5.0
4.2
4,8

9.5
8.5
8.6
6.5

11.4
14.6
18.1
18.8

18.2
18.7
18.0
21.1

1955- Mar.
June

56.1
55,5

3.0
2.7

2.1
1.5

3.4
3.0

20.9
21.7

21.1 j
21.1

1955Sept.
Dec.

54.1
53,8

2.8
3.6

4.0
2.1

19.6
22.0

21.0
19.5

5.6
4.6

1.1
2.0

1956 Mar.
June
Sept.
Dec.

50.6
49.5
49.8
51.3

1.9
2,2 !
2.3
4.9

1.7
1.0 '
2.0
1.6

2.3
4.2
5.3
5.1

21.0
18.2
17.4
24.5

19.2
19.1
17.7
10.2

4.7
4,7
4.9
4.9

1957 Mar.
June
Sept.
Dec.

50.4
48.6
50.7
51.6

2.9
2.9
3,9
4.3

3.0
2.9
4.3
4.0 !

4.4
6.5
4.0
4.9

24.8
23,5
25.7
26.5

10.3
&.6
8.6
7.4

4.9
4.2
4.2
4,6

1958Mar.
June
Sept.
Dec,

52,1
57.4
57.5
58.9

3.3
3.8
3.5
5.2

2.7
3.3
6.7
6.7

7.4
6.3
3.3
2.5

23.4
24.5
29.2
29.7

10.2
14.3
9.7
10.4

5.0
5.2
5.1
4.4

1959 Mar.
June
Sept.
Dec.

55.0
53.4
51.8
51.8

3.7
3.6
4.3
5.0

4.8
3.9
2.0
2.1

.4
2.6
3.1
4.1

34.0
31.3
30.5
28.8

7.6
8.2
8.2
9.2

4.4
3.8
3.7
2.6

1960 Mar.
June
Sept.
Dee.

47.1
48.0
51.1
54.3

2.5
2.4
5.1 i
7.0

1.2
1.8
2.5
2.6

i:f
3.2
5.1

31.9
33.3
31.7
31.6

5.9
6,0
6.5
5,7

2.1
2 2
2^2
2.3

1961 Mar.
June
Sept.
Dec.

52.2
55.0
58.5
59,1

4.8
6.4
10.1
10.0

1.8
3.1
2,0
2.0

7.7
10.7
10.4
9.2

28.2
25.6
27.4
30.8

7,7
7,4
6.5
5.0

2.0
1.9
2.0
2 1

1962 Mar.
June
Sept.
Dee.

56.0
57.0
56.4
58.0

7.1
7.1
6.9
9,8

3.3
3.3
3.2
3.6

10.0
11,1
9.7
6.5

26.5
25.8
25.0
26.3

7.0
7.9
10.9
11.2

2.0
1.8
.8

1963- Mar.
June
Sept.
Dec.

55.7
55.4
53.9
54.9

8.0
7.6
7.8
9.3

2.8
2.9
1 7
1.5

4.3
5.0
5.6
6.0

26.0
25.7
24.8
26.1

13.4
13.2
13,0
111

:5

1964 Mar.
June
Sept,
Dec.

52.4
51.1
52.1
53.8

8.0
7.5
9.2
11.0

.3

5.8
7.0
6,2
7.5

26.5
25.4
21.7
23.5

10,8
10 2
13 9
11 0

KO
1.0
1.1
.7

1965 Mar.
June
Sept.
Dec.

50.2
48.5
47.7
50,3

8.1
7.1
6.8
10.2

6.4
6.9
8.2
7.8 |

22.8
20.7
20.2
19.7

11.9
12.8
11.5
11.6

1.0
1.0
1.0
1.0

1966 Mar.
June
Sept.
Dee.

46.9
45.1
44.7
47.2

3
,9
1,2
.6

5.6
6.4
6.3
6.5

21.4
19.6
19.9
21.1

11.0
11.3
10.3 i
9.3 !

.8
.9
.9
.9

1967 Mar.
June
Sept.
Dee.

47.7
45.5
50.0
52.2

.6
.5

5.7
4.9
6.4
8.0

23,7
24.9
27,2
26.4

8.8
8.4
6.4
6.4

1.0
1,0
1.0
1.0

1968 Mar.
June
Sept.
Dec.

50.8
48.3
51.8
53.2

7.4 j'
4.9
7.0 i
9.0

7.9
9.4
9.1
9.9

26.1
23.4
23.4
23.2

8.5
9.7
11.2
10.0

1.0
1.0

1969 Mar.
June
4.8
Sept.
5.0 1
Dee.
5.2
5.2 1970 Mar.
June
5.6
Sept.
5.5
Dec.

48.9
44.1
43.6
45.2

6.5
3,6
4.0
6.7

10. 1
8.6
9.3
8.4

22.5 :
22.7 :
23.6
24.7

8.8 !!
8.3
5.7
4.4 ,

44.3
42.5
45.6
50.9

6.8
4.4 !
6.2
10.3

8.3
8.7
8.7
8.9

25.0
25.7
26.4
26.6

3.4
3.0
3.5
4 5

Maturity-date basis (see NOTE below)

4.5
4.5
4.6

Prior to 1950 consists of Treasury debt and guaranteed Federal agency


debt. Thereafter, includes Treasury debt only. Bills and certificates consist
of L>regular and tax-anticipation series.
Includes stock savings banks.

Digitized for FRASER


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

1-5
years

Maturity-date basis (continued)

Call-date basis (see NOTE below)

Within 1 year

Bills

7.2
6.1 j
6.3
8.8
8.0
5.8
9.0
10.4

1 .0 ,

1.0
1.0
1.0
1.0
,8
.8
.8
.6

NOTE,Most coupon issues tire bonds, which are typically callable


(redeemable at the option of the Treasury) several years before maturity.
Before June 1953, maturity classification is by call date; thereafter, by
maturity date.

U.S. GOVERNMENT FINANCE


13.5

OWNERSHIP OF U.S. GOVERNMENT MARKETABLE SECURITIES BY MATURITY 1


QUARTERLY, MARCH 1941-DECEMBER 1970Continued
F. INSURANCE COMPANIES
[Par value; in billions of dollars]
Coupon issues

Coupon issues

End of
quarter

Total

Bills

Within 1 year
Certificates

Other

1-5
years

5-10 Over 10
years years

End of
quarter

Total

6.7
6.8
7.0
7.9

1942 Mar.
June
Sept.
Dec.

8.0
8.7
9.5
10.8

.1
.1

1943 Mar.
June
Sept.
Dec.

10.7
12.5
14.0
14.4

.2
.2

1944 Mar.
June
Sept,
Dec.

15.6
16.5
17.4
18.8

.3
.5
.3

1945 Mar.
June
Sept.
Dec.

19,6
20.9
21.4
23.0

1946 Mar.
June
Sept.
Dec.

1.7
2.1
2.1
2.1

1,8
1.9
2.0
2.1

2.8
2.6
2.7
3.3

.1
.2
.1

2.1
2.0
.9
.8

2.4
2.6
2.6
2,8

3.4
3.7
4.5
5.7

,3
,6
.4
,5

.1
.9
.8
.7

2,3
2.7
3,3
3.5

5.5
6.9
8.2
8.2

.1

'.3

.5
.5
,7
.9

3.3
3.7
3.6
3.8

10.8
10.8
11.3
12.6

.7
.4
.5
.4

.3
.3
.3
.2

.9
.5
.9
.7

4.1
3,8
3.2
2.9

12.5
14.9
15.6
17.8

24,0
24.2
24.5
24.3

,6
.6
.6
.5

.4
.4
.6
.6

.5
.5
2.2
2.1

3.1
2.8
2.9
2.8

18.4
18.9
18.3
18.4

1947 Mar.
June
Sept.
Dec,

24.1
24.0
23.6
22.9

.4
.4
.3
.3

,3
.4
.3
.3

2.2
2.7
2.6
3.1

2.8
2.0
1.8
.9

18.3
18.6
18.6
18,3

1948 Mar.
June
Sept,
Dec.

22,3
21.7
20.6
19.8

.4
.4
.6
.6

,3

'.2
A

2.9
2.8
2.7
2.5

.9
,9
.9
1.0

17.5
17.1
15.9
15.3

1949 Mar.
June
Sept.
Dec.

19.6
19.1
18.6
18.5

.'l
.1

.7
.6
.6
.6

.3
.4
.6
.5

2.3
2.1
1.6
1.6

1.0
1.7
1.7
2.2

15.2
14.2
14.0
13.5

1950 Mar.
June
Sept.
Dec.

18.5
18,1
17.7
16.9

.1
.1
.3
.5

.5
.4
.2
.1

.4
.3
.7
.9

1.8
1.7
1.2
1.1

2.1
2.1
.9
.9

13.6
13.5
13.4
12.3

1951 Mar.
June
Sept.
Dec.

16.1
12.0
11.7
11.4

.7 . . . . _ .
.8
.7
.5
.5
.7

1.1
1.1
.8
,8

1.2
.7
.9
.7

.9
.8
.7
.7

11.2
7.3
7.1
7.0

1952 Mar.
June
Sept.
Dec.

11.2
10.3
10.8
10.7

.7
.6
.7
.6

.6
.5
.5
.4

.8
.6
.7
.8

.7
.7
.7
.8

1.7
2.2
2.5
2,5

6.8
5.7
5.7
5.7

1953 Mar.

10.7

.5

.4

1.0

.6

2.5

5,7

.1
.3
,2
.3

.2
.3
.2
,3
.3
.3
.4

Maturity-date basis (see NOTE below)


1953June
Sept.
Dec.

10.7
10.8
10.8

.5
.5
.5

,3
.5
.5

,7
.5
.5

1.0
1.1
1.1

1.8
1.8
1.9

6.3
6.3
6.2

1954 Mar.
June
Sept.
Dec.

10.6
10.3
10.2
10.2

.6
.6
.6
.7

.3
.2
.2
.2

.6
.4
.3
.2

.8
.9
1.2
1.2

2.2
2.2
2.1
2.1

6.1
6.0
5,8
5.7

1955 Mar.
June

10.1
10.0

.7
.6

.1
.1

.1
.1

1.3
1.3

2.1
2.0

5.9
5.8

1
Prior to 1950 consists of Treasury debt and guaranteed Federal agency
debt. Thereafter, includes Treasury debt only. Bills and certificates
consist of regular and tax-anticipation series.

Digitized for FRASER


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

Other

1-5
years

5-10 Over 10
years years

Maturity-date basis (continued)

.4
.2
.2

.2

Within 1 year
Certificates

Call-date basis (see NOTE below)

1941 Mar.
June
Sept.
Dec.

Bills

1955Sept.
Dec.

10.2
9,7

.8
.5

.1
.1

.2
.1

1,3
1.5

2.0
1.8

5.9
5.7

1956 Mar.
June
Sept.
Dec.

9.2
8.9
8.8
8.7

.2
,3
,5
.3

.1

.2
,3
.3
.3

1.4
1.2
1.2
1.7

1.8
1.8
1.7
1.1

5.5
5,3
5.1
5.0

1957 Mar.
June
Sept.
Dec.

8.6
8.4
8.5
8.5

.4
.3
.4
,3

.3
.5
.4
.4

1.7
1.8
1.8
2.1

1.1
1.0
1.0
.7

5.0
4.6
4,6
4.7

1958 Mar.
June
Sept.
Dec.

8.4
8.4
8.7
8.9

.3
.3
.6
,7

.1
.1
.2
.2

.5
.3
'.2

1.8
1.7
1.9
2.0

,8
1.0
.7
1.2

4.9
5,1
5.2
4.7

1959 Mar.
June
Sept.
Dec.

9.0
9.0
9.1
9.2

.6
.5
.5
,4

.3
.3
.3
.2

,1
.2
.3

2.2
2,1
2.2

1.1
1.7
. 1.7

4.7
4.2
4.2

1960Mar.
June
Sept.
Dec.

9.2
9.1
9.0
9.0

,4
,4
.3
.3

.1
.2
.2
.1

,3
.2
.3

2.8
2.8
2.6
2.5

3.0
3.0

2.1

2.5
2.5
2.5
3.5

1961 Mar.
June
Sept.
Dec.

8.9
8.8
8.9
9,0

.3
.2
.4
.4

.6
,8
.7
.7

2.2
1,9
2.0
2.2

3.1
3.1
1.9
1.6

2.7
2.7
3.8
3,9

1962 Mar.
June
Sept.
Dec.

9.1
9.0
9.2
9.3

.5
.5
,5
.6

.8
.6
.7
.6

2,0
2.1
2.0
2.2

1.7
1.8
2.0
2.2

4.0
3.9
3.9
3.6

1963 Mar.
June
Sept.
Dec.

9.2
9.0
9.1
9.3

.5
.3
.5
.6

.3
.4
.5
.5

2.1
2.0
1.9
2.0

2.4
2,3
2.5
2.3

3.7
3.7
3.7
3.7

1964 Mar.
June
Sept.
Dec.

9.1
8.9
9,2
9.2

.5
.3
.5
.5

.6
.6

1.9
2.0
1.8
2.0

2.4
2.2
2.6
2.4

3.8
3,8
3.8
3.7

1965Mar.
June
Sept.
Dec.

9.2
8.9
8.8
8,8

.4
.3
.4
.5

A
A

2.2
2.0
2.0
1.9

2.4
2.4
2.2
2.1

3.9
3.8
3.8
3.8

1966Mar.
June
Sept.
Dec.

8.6
8.2
8.2
8.2

.5
.2
.4
.5

.3
.3
.3
.3

2.2
2.0
2.0
2.0

1.9
1.9
1.7
1.6

3.9
3.8
3.8
3.8

1967 Mar.
June
Sept.
Dec.

7.8
7.4
7.4
7.4

.4
.2
.3
.4

.3
!3
.4

2.0
2.0
2.1
2.1

1.4
1.3
1.1
.9

3.7
3.7
3.7
3.6

1968 Mar.
June
Sept.
Dec.

7.3
6.9
7.0
6.9

.5
.3
.4
.5

.4
.4
.3
.4

1.9
1.8
1.9
1.9

1.0
1.0
.9
.7

3.5
3.5
3.5
3.3

1969 Mar.
June
Sept.
Dec.

6.7
6.6
6.2
6.2

.5
.2
.3
,4

.5
.5
.5
.4

1.8
1.9
1.8
1.8

.6
.6
.4
.3

3.3
3.4
3.2
3.2

1970 Mar.
June
Sept.
Dec.

6.1
5.9
6.1
6.1

.4
,3
.4
.5

.4
.4
.4
.4

1.9
1.9
1.8
1.7

.4
.3
.4
.8

3.0
3.0
3.0
2.6

!i
.1
.1
.2
.3

!i
.1

'.5
.3

NOTE.Most coupon issues are bonds, which are typically callable


(redeemable at the option of the Treasury) several years before maturity,
Before June 1953, maturity classification is by call date; thereafter, by
maturity date.

889

U.S. GOVERNMENT FINANCE


13.5

OWNERSHIP OF U.S. GOVERNMENT MARKETABLE SECURITIES BY MATURITY


QUARTERLY, MARCH 1941 DECEMBER 1970-Continued
G. MUTUAL SAVINGS BANKS
[Par value; in billions of dollars]

End of
quarter

Total

Bills

Coupon issues
'
Within 1 year
1-5
5-10 Over It)
years years
Certifi- Other years
cates

Coupon issues
End of
quarter

Total

Certifi

.2

.'l

'.6

1957

Mar.
June
Sept.
Dec.

6.4
6,3
6.4
6.2

1958 -Mar,
June
Sept.
Dec.

6.3
6.2
6.2
6.1

'A

.1 ; . . . . . . .
.i

1959 -Mar.
June
Sept.
Dec.

6,3
6.3
6.3
6.1

.2
.2
.2

.2
.2
.2 :!

1960 Mar.
June
Sept.
Dec.

6.4
6.2
6.2
5.9

.3
,2
.3
1

1961 Mar.
June
Sept.
Dec.

6.3
6.0
6.0
5.9

.3
.2
,3

1962 -Mar.
June
Sept.
Dec,

6.3
6.0
6,0
5.8

,5

1963 -Mar.
June
Sept.
Dec.

6.1
5,9
5.7
5.5

.6
.4

.7
.6

.6
.7
.8
.9

2.3
2.8
2.9
3.4

3.5
3.4
3.7
3.7

1.0

'.9
.7

3.5
3.1
2.6
2.1

3.7
5.4
6.0
7.6

.7
.7
.0
.0

1.7
1.6
2.1
2.0

8.3
8.5
7.9
8.0

.2
5

!s

.9

1.8
1.2
1.1
.6

8.1
8.3
8.7
8.6

,0
,8
.9
.8

.6
.5
.5
.5

8.4
8.6
8.2
8.0

.3
.3
.3
.2

.6
.3

.4
2.0
2.0
2.6

8.5
7.3
7.3
6,6

.2
A
.2
.3

lA
1.1
.6
,6

2.7
2.4
2.2 1
2.1

6.8
7.1
7.3
7.2

.4
-.5

.5.2
.3
.1

2.0
2.0
1.9
1.9

6.8
5.4
5.3
5.2

.2
.2
.2
.2

.1
.2
.1
.1

1944 Mar.
June
Sept.
Dec.

6.6
7.2
7.6
8.2

.1
.1
.1

1945 -Mar.
June
Sept.
Dec.

8.5
9.4
9.8
10.6

.3
.1
.2

1946 Mar.
June
Sept.
Dec.

11.0
11.2
11.4
11.5

.2
.2
.3

1947 Mar.
June
Sept.
Dee.

11.7
11.8
11.8
11.6

,3
,2
.2
.2

1948Mar.
June
Sept.
Dec.

11.6
11.5
11.1
10.9

1949 -Mar.
June
Sept.
Dec.

11. 0
11.0
10.9
10.8

.2
.2
,2
.2

195Q=Mar.
June
Sept.
Dec.

10,9
10.8
10.4
10.2

.1
.1

1951 Mar.
June
Sept.
Dec,

9,8
8.3
8.1
7.

1952 Mar.
June
Sept.
Dec.

7.9
7.5
7.6
7.4

1953~Mar.

7.5

'A
.1

.2
.2
.1

.2
.4
.3
.3
2
\2

.2

.1
.1

4.5
5.2
5.8
6.2

"!l

6.7
6.6
6,5
6,3

1.6
2.2
2.5
2.6

1943-Mar.
June
Sept.
Dec.

.4
.3
.2
.3

1956 Mar.
June
Sept.
Dee.

1.7
1.9
2.4
2.6

!i
.1

A
.1
.1
,1

.3
.1

1.4
1.8
2.0
1.9

A
A
A
.1

'.2
A

.8

'A

3.6
3.8
4.1
4.5

.2

6,9
6.7

1.1
1.1
1,2
1.2

1942 -Mar.
June
Sept,
Dec,

.1

<j ' 1955Sept.

.8
1.0
1.0
.9

3.3
3.3
3.4
3.6

,2
.0

.1
.1
.1

A
.3
,3
,3

.2
.1
.1

1.9
2.1
2.3
2.1

5.2
4.7
4.7
4.7

.1

.1

2.0

4.7

Maturity-date basis (see Note below)


1953 -June
Sept.
Dec.
19S4==Mar.
June
Sept.
Dec.

1955 Mar.
June

7,5
7.5
7.3
7.2
7.1
7.0
6.9
7.0
6.8

,1
.1
.1
.2
,1
.1
.1

'.2
,2
.1
.1
.1
.1

.1 . . . . . . .

.3
.2
.2
.1
.1
.1
.1

.5
.6
.4
.4
.5
.5
.5
.5
.5

.4
.3
,3

5.2
5.1
5,0

.5
.4
.4
.5

5.0
4.9
4.8
4.7

1.5
1.4

4.8
4,7

* Prior to 1950 consists of Treasury debt and guaranteed Federal agency


debt. Thereafter, includes Treasury debt only. Bills and certificates consist of regular and tax-anticipation series.

Digitized for FRASER


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

-:! Other
cates umer

1-5
years

5-10 Over 10
years
years

M aturity-date basis (continu ed)

Cal I- date ba sis (see r-Jote belo w)

1941Mar.
June
Sept.
Dec.

Bills ; Within 1 year

890

Dee.

;j

3
.i

'":::.' !
:1.2 ' :i.2
.1

.2

.1
,1

,2
.1

4.8
4.6

,6
.5
.7
1.1

1.3
1.3
1.1
,6

4.6
4.5
4.4
4.4

,7
,6
,6
,5

4.3
4.0
4.0
4,0

'?

4,1
4,1
4.1
3.6

i!i
K2
11
1.3

::

,:S
,:?
1.7

3.6
2,8
2,7
2,0

1.4
1.4
1.4

.2
2
\2
A

1
A
.2

1.7
1.7
1.6
1.5

\1
.8

,3
,3
,3
.1

.1 \
.1 i

,3
,4

1.5
1.4

.3

.8

1 !:S

1,8
1.8
2.1
2.2

.0
.8
7
[6

1,3
1.3

2.2
2,2
2,2
2.0

.7
,7
.6
.6

1.4
1,4
I.I
1.5

2,0
1.9
2.2
1.8

,6
.6
.6
,5

,3

1.5
1.4
1.4
1.4

1.8
1.8
1,6
1.6

,6
,6
.5
.5

.2
.3
.2
.2

1.6
1.4
1.4
1.5

1.6
1.5
1.3
l.l

.4
.4
.3
.3

1.6

.. , . . . . !

,2

,9
,8
7

2 ; .2'

1
|

1.5
1.5

-2
,3

1,4

"

'
.
.

; . . 1 .43

,1

.4

.3
5

1964 -Mar.
June
Sept.
Dec.

5.8
5.7
5,7
5.4

,4 . . . . , . . '
,4

1965 Mar.
June
Sept.
Dec.

5.7
5.5
5.5
5.2

.6

1966

Mar.
June
Sept.
Dee.

5.3
4.9
4.8
4.5

1967Mar.
June
Sept.
Dec.

4,3
4.0
4.1
4.0

...
:! :::..!

!
.4
,4
.4 .

.1
,1
.1

3
3

,2
3

1 :::::::

1968- Mar.
June
Sept.
Dee.

4.1
3.9
3.7
3.5

1969 Mar.
June
Sept.
Dee.

3.6
3.3
3.1
2.9

.5
.3 . . . . . . .
2

1970 -Mar.
June
Sept.
Dec,

2.8
2.8
2.8
2.7

.1
,1
.1
2

[4
.3

1.4
1,3

.1
.2

:!

.4
.2

.5
.6

.......-'

.,...,,:
.,,....

'

.3

.?

1 :l,0

r.4

1,5
1.7
1.5
1.4
1.2

;
!

.3
.2

,2
.1
.1

l!l

,8
.8
.8
,7

3
,3
3
,4

1.2
1.2
1,3
1.2

.6
.6
.4
.3

1.0
1,0
.9
.9

.4

1.2
1.3
1.3

,2

,9
.8
,8
,7

.3

4
.4

A
^

. ..

,3

!3
.3

:i.0

13.5

OWNERSHIP OF U.S. GOVERNMENT MARKETABLE SECURITIES BY MATURITY l


QUARTERLY, MARCH 1941-DECEMBER 1970Continued
H ALL OTHER PRIVATE INVESTORS 2
[Par value; in billions of dollars]
Coupon issues

Coupon issues
End of
quarter

Total

Bills

Within 1 year
Certifi- Other
cates

1-5
years

5-10 Over 10
years years

End of
quarter

Total

Bills

Certifi- Other
cates

Call-date basis (see NOTE below)1,

(3)
1.7
2.0
2.1

(3)

\1

(3)
4.6
4.4
4.3

.9
.6
.9
1.1

.8
1.3
2.7

.5
.8
.9
1.5

4.4
4.3
4.6
4.3

2.4
2.8
3.1
3,7

3.1
3.1
3.2
4.1

18.4
22.4
28.1
27.6

.8
.4
.2
.5

3.0
5.1
7.4
7.1

1.7
2.5
2.6
2.3

4.6
4.1
4.2
4.1

3.3
4.1
6.3
6.2

4.1
5.2
6.5
6.5

1944 Mar.
June
Sept.
Dec.

31.9
34.9
34.4
39.7

.0
.0
.3
.2

9.0
9.9
9.5
10.0

2.6
2.0
2.3
2.0

4.0
5.0
4.9
6.6

5.6
7.6
7.2
9.6

8.7
9.5
9.2
10.2

1945Mar.
June
Sept.
Dec.

38.6
45.7
45.2
51.2

.1
.3
.7
.7

10.2
10.8
10.9
11.2

1.9
2,2
3.0
2.9

5.8
6.3
6,4
6.7

9.5
9.9
8.2
6.1

9.1
15.1
14.9
22.6

1946 Mar,
June
Sept.
Dec.

50.7
47.0
45,6
44.2

.2
.4
.4
.1

12.0
10.4
11.1
10.5

21.5
20.7
18.5
18.2

43.5
42.7
43.0
42.2

1.2
.5
.9
1.5

4.8
3.6
3.6
1.9

18.1
18.3
18.6
17.8

1948 Mar.
June
Sept.
Dec.

42.9
42.8
42.3
42.6

8.1
8.0
8.8
8.3

1.9
1.9
1.9
1.9

16.6
16.6
15.7
15.1

1949Mar.
June
Sept.
Dec.

44.1
44.0
43.2
41.8

2.7
2.7
3.0
3.7
4.4
4.2
4.1
3.9

10,6
9.8
9.5
7.4
7.9
8.6
8.8
10.4

6,0
6.3
6.6
6.6
6.6
7,2
7.8
9.9

6.0
5.6
5.4
5.2

1947 Mar.
June
Sept.
Dec.

2.8
2.6
2.5
2.6
2.4
3.3
2.7
3.7
5.7
5.0
4.2
3.3
1.7
2.6
3.6
3.7

8.3
7.1
5.8
5.3

15.6
14.3
14.4
13.2

1950 Mar.
June
Sept.
Dec.

43.9
43.7
44.9
44.4

1951 Mar.
June
Sept.
'Dec.

45.7
42.6
42.7
43.4

1952 Mar.
June
Sept.
Dec.

44.8
43.5
45.4
47.0

5.8
5.8
8.0
7.9
8.4
8.4
9.1
10.1
10.5
10.3
11,3
12.5

3.2
2.5
8.1
10.8
12.8
10.8
7.9
5.8
5.7
5.7
6.1
8.5

7,9
10.4
6.4
5.7
6.3
5.2
5.8
4.0
4.1
4.2
4.3
4.7

1953 Mar.

48.8

13.8

10.3

3.5

1.8
3.6
3.5
4.7
4.1
4.2
4.3
4.6
4.4
4,5
3.8
3.9
3.9
4,2
5.1
4.9
5,0

(3)
10.3
10.2
11.0

1942 Mar.
June
Sept.
Dec.

11.4
12.2
14.1
17.3

1943 Mar.
June
Sept.
Dec.

(3>

(3)

12.2
12.2
11.8
11.0
9.7
7.2
4.0
1.4
3.2
5.4
8.8
9.5
9.1
8.6
6.4
6.2

3,0
2.6
3.1

13.2
13.6
14.1
14.0
13.8
10.5
10.7
10.8
11.1
10.0
10.0
10.0
10.0

Maturity-date basis (see NOTE below)


1953 June
Sept.
Dec.

49.8
51.3
51.4

1954 Mar.
June
Sept.
Dec.

50.8
48.3
49.8
51.5

1955 Mar.
June

52,9
55.6

13.2
12.3
11.4
14.4
12.3
12.3
12.1
14.8
15.2

6.1
10.1
10.5
7.4
6.5
7.2
9.5
5.5
4.0

8.1
5.7
7.1
6.5
5.8
5.9
4.7
4.5
4,9

5.9
6.8
5.4

4.9
4.8
5.2

11,6
11.6
11.7

3.7
5.3
6.0
5.9
7.5
10.6

7.1
6.7
6.6
7.4
7.5
7.6

11.7
11.7
11.7
11.9
13.0
13.2

1
Prior to 1950 consists of Treasury debt and guaranteed Federal agency
debt. Thereafter, includes Treasury debt only. Bills and certificates consist2 of regular and tax-anticipation series.
In addition to holdings by corporations, individuals, and State and
local governments, includes amounts held by nonsurveyed and nonreporting commercial banks, mutual savings banks, and insurance companies.

Digitized for FRASER


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

1-5
years

5-10 Over 10
years years

Maturity-date basis (continued)

(3)
.5
.7
.8

1941 Mar.
June
Sept.
Dec.

Within 1 year

1955 Sept.
Dec.

60.7
64.0

15.8
16.0

5.3
7.6

9.0
7.2

9.0
12.2

7.8
7.3

13.7
13.7

1956 Mar.
June
Sept.
Dec.

64.7
61.3
62,6
64.2

17.5
17.1
16.7
17.7

7.8
3.9
6.1
6.0

5.5
8.2
8.9
9.2

12.5
10.4
9.6
12.6

7,6
7.6
7.2
4.5

13.8
14.0
14.1
14.1

1957 Mar.
June
Sept.
Dec.

66.1
63.9
66.8
67.4

21,2
19.7
21.4
20.8

4.4
5.5
9.7
9.3

8.6
10.7
5.5
7.2

13.3
10,9
13.1
13.5

4.5
3.5
3.5
2.4

14.1
13.7
13.7
14.2

1958Mar.
June
Sept.
Dec.

65.9
62.7
63.9
68.7

18.1
15.4
17.3
21.3

7.9
8.8
9,5
10.1

9.1
5.3
4.1
3.6

12.0
11.2
13.1
13,8

3.6
6.1
3.9
4.7

15.2
15.9
15.8
15.1

1959Mar.
June
Sept,
Dec.

73.7
76.3
82.2
87.1

26.0
25.7
29.4
31.1

9,9
10.2
6.9
6.3

.7
3.8
6.7
8.6

17.3
16.5
18.9
20.7

3.8
5.1
5.1
7,2

15.7
15.0
15.1
13.2

1960 Mar.
June
Sept.
Dec.

89.9
86.4
85.1
84.3

32,2
27.7
27.3
28.2

4.9
6.5
8,0
6.0

8.8
6.7
5,8
6.8

25.5
26.6
24.6
23.5

6.6
6.8
7.3
6.3

11,8
12.1
12.1
13.5

1961Mar.
June
Sept.
Dec.

84.1
81.6
82.3
84.6

28.0
26.2
27.5
28.9

3.8
3.3
1.6
1.6

9.9
11.8
11.5
11,9

19.4
1S,1
20.5
21.3

10.4
8.9
7.7
7.6

12.6
12.3
13.5
13.3

1962 Mar.
June
Sept.
Dec.

86.9
85.3
87.2
89.5

30.7
30.4
31.5
34.0

3.5
4.1
4.5
5.1

10.6
10.0
8.3
7.1

19.4
18.0
18.3
19.5

8,9
10.0
12.2
13.6

13.7
12.8
12.4
10.2

1963 Mar.
June
Sept.
Dec.

91.2
90.1
91.7
92,5

35.6
34.4
35.3
35.9

4,6
4.3
2.7
2.1

4.9
6.1
7.4
8.4

19.7
19.0
17,7
18.6

14.9
14.6
16.2
15.1

11.5
11.7
12.5
12.4

1964Mar.
June
Sept.
Dec.

95.2
93.9
94.5
94.9

38.1
35.9
36.9
36.9

,6

8.7
9.4
7.1
8.3

19.5
20.0
18.0
20.9

15.5
15.8
19.0
16.3

12.8
12.8
13.6
12.5

1965 Mar.
June
Sept.
Dec.
1966 Mar.
June
Sept.
Dec.

97.1
94.4
93.4
96.0

39.1
36.7
36.3
38.7

7.1
7.2
8.5
8.7

20.9
19.7
20.3
20.3

16.4
17.1
15.0
14.9

13,6
13.6
13.4
13.4

100.0
95.3
97.2
99.3

41.3
37.2
39.3
41.1

.7
.6
1.3
.9

7.3
8.2
7.4
7.7

22.5
21.2
22.2
23.7

14.7
14.6
13.6
12.4

13.5
13.5
13.5
13.5

1967 Mar.
June
Sept.
Dec.

98.7
89.5
93.7
97.2

41.7
34.4
37.4
40.1

.9
.7

6.5
6.0
7,2
9.2

25.0
24.9
27.3
26.8

11.2
10.3
8.6
7.8

13.3
13,2
13.2
13.2

1968 Mar.
June
Sept.
Dec.

102.8
97.8
100.6
104.9

44.2
38.3
40.8
45.4

10.4
10.5
10.3
11.6

25.7
25.4
25.4
24.7

9.3
10.3
11.0
9.8

13.2
13.2
13.1
13,3

1969 Mar.
June
Sept.
Dec.

109.8
102.0
108.1
108,2

50.9
43.8
49.5
50.2

11.6
12.1
13.4
13.1

24,8
24.4
25.5
26.7

9,2
8.6
6.6
5.0

13.2
13.1
13.2
13.1

1970 Mar.
June
Sept.
Dec.

112.8
106.7
108.0
108.8

54.8
48.0
48.8
50.3

13.7
14.2
12.7
13.1

27.1
28,3
29.3
27.7

5.5
4.8
5.8
7.0

11.6
11.5
11.4
10.7

3
Data for March 1941, consistent with later data, are not available for
this group of holders.

Section 14

GOLD
Contents
INTRODUCTION ________ 895
U.S. RESERVE ASSETS

895

GOLD STOCK

895

CONVERTIBLE FOREIGN CURRIENCIES

897

RESERVE POSITION IN THE INTERNATIONAL


MONETARY FUND _________ 897
SPECIAL DRAWING RIGHTS =____=_ 897
NET GOLD ACQUISITIONS OR SALES
BY THE UNITED STATES
897
GOLD RESERVES OF CENTRAL
BANKS AND GOVERNMENTS 897

Digitized for FRASER


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

893

Tables

14.1
14.2

14.3

U.S. Reserve Assets, End of Month, 1942-70


. , 899
U.S. Net Monetary Gold Transactions with Foreign Countries
and International Organizations, Annually, 1945-70;
Quarterly, 1950-70 ___ _____^___^____..., __.__. 902
Gold Reserves of Central Banks and Governments,
End of Quarter, 1945-70
.._
913

Digitized for FRASER


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

894

Section 14

GOLD

INTRODUCTION
The tables in this section show statistics
relating to U.S. reserve assets, U.S. net monetary gold transactions with foreign countries
and international organizations, and gold reserves of central banks and governments.
Most of the statistics cover the period 1942-70.
Since 1970 there have been a number of changes

affecting the data on gold; these changes have


been noted where relevant. In addition, the
names of several countries have changed since
1970: China Mainland to People's Republic
of China, Congo (Kinshasa) to Zaire, Taiwan
to Republic of China, and U.A.R. (Egypt) to

Egypt-

U. S. RESERVE ASSETS
GOLD STOCK
ders in 1933.l Beginning January 30, 1934, the
U.S. gold holdings included the Treasury gold

Before January 30, 1934, the gold stock of


the United States consisted of gold coin in
circulation in the United States and gold held
by the Treasury and the Federal Reserve Banks.
On that date, in accordance with the Gold Reserve Act of 1934, title to all gold owned by
Federal Reserve Banks was transferred to the
U.S. Government, while gold coin was retired
from circulation by a series of Executive Or-

Digitized for FRASER


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

1
The 1933 Executive Orders required all persons
subject to the jurisdiction of the United States to sell
to the U.S. Government gold coins, gold bullion, and
gold certificates held in the United States. Except
under license the holding of and trading in gold in the
United States were prohibited. In January 1961, by
Executive Order, the holding of gold abroad and of

895

Gold

stock and gold in the Exchange Stabilization


Fund of the Secretary of the Treasury." Table
14,1 shows both the total gold stock and
Treasury holdings.
Through 1970 the Treasury issued gold certificates or gold certificate credits to the Federal
Reserve Banks against most of the Treasury
gold stock.3 The remaining gold$109 million
on December 31, 1970was held in the general
fund of the Treasury. The Treasury received
credit in its deposit account with the Federal
Reserve Banks for the amount of gold certificates or gold certificate credits issued. The
Federal Reserve Banks were required to hold
a stipulated proportion of gold certificates for
their note and deposit liabilities until March 3S
1965, At that time the gold reserve requirement
for Federal Reserve Bank deposit liabilities was
eliminated (Public Law 89-3) and on March 18,
1968, the gold reserve requirement for Federal
Reserve notes was eliminated (Public Law
90-269), That law also eliminated the gold
.reserve requirement for $156 million of United
States notes and Treasury notes of 1890.
The Exchange Stabilization Fund was established under the Gold Reserve Act of 1934 with
a capital of $2 billion. This amount was appropriated from the increment that resulted from
the reduction in the gold content of the dollar.
The total of $2,0 billion was divided into two
portions: one, amounting to $1.8 billion, was
considered inactive; the remainder was held as
a working balance.

From 1934 until February 1947 the assets


(entirely in gold) of the inactive portion of the
Stabilization Fund were included as a separate
part of the Treasury gold stock; no gold certificates or gold certificate credits were issued
against this gold. In February 1947 the United
States used the inactive portion of the Stabilization Fund to pay a part of its subscription to
the International Monetary Fund, in accordance with the Bretton Woods Agreement Act.
However, only 25 per cent of the subscription$687.5 millionwas required to be paid
in gold; the remainder was paid in U.S. dollars
and nonnegotiable, non-interest-bearing special
U.S. notes, and the Treasury was reimbursed
for this by transfer of the remaining $1.1 billion of gold from the inactive portion of the
Exchange Stabilization Fund.
The Treasury conducts most of its gold transactions with foreign monetary authorities
through the Exchange Stabilization Fund. The
Federal Reserve Bank of New York acts as the
Fund's fiscal agent in these transactions.4 There
are shifts of gold back and forth between the
Exchange Stabilization Fund and the Treasury
gold stock to carry out these transactions. At
the end of 1970 the Fund's gold holdings
amounted to $340 million.1
Prior to August 1971 changes in the U.S.
gold stock reflected mainly gold transactions
between the United States and foreign monetary authorities. 0 Treasury purchases of gold
from new production and sales of gold by the
Treasury for use in industry and the arts were
also reflected in the data until March 1968. At
that time the Treasury issued amendments to
the Treasury Gold Regulations stating that it

securities representing gold on deposit abroad were


prohibited.
As of Dec. 31, 1974, the ban on private ownership
of and trading in gold by U.S. citizens was ended
(Public Law 93-373).
- O n Dec. 9, 1974, the Treasury purchased all of
the gold$85 millionheld by the Exchange Stabilization Fund.
'< On Dec. 9, 1974, the Treasury issued gold certificates to the Federal Reserve Banks against the $85
million of gold purchased from the Exchange Stabilization Fund and against the $106 million balance of
gold that had been held in the general fund of the
Treasury, Thus, as of that date gold certificates had
been issued to the Federal Reserve against all of the
gold owned by the Treasury.
For a description of the gold certificate account of
the Federal Reserve Banks see the Federal Reserve
System: Purposes and Functions (Board of Governors
of the Federal Reserve System, September 1974).

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On Aug. 15, 1971, the U.S. Government suspended the convertibility of dollars held in foreign
official reserves into gold or other reserve assets.
"'The gold in the Fund was not included in statistics on gold stock (Treasury gold) in the Federal
Reserve weekly release (H.4.1), "Factors Affecting
Bank Reserves and Condition Statement of KR.
Banks"; in the table '"Member Bank Reserves, Federal
Reserve Bank Credit, and Related Items" published
in the Federal Reserve Bulletin^ or in the Circulation
Statement of the United States Money or the Daily
Statement of the U.S. Treasury published by the
Treasury.
6
See note 4.

896

Section 14
would no longer purchase gold in the market
nor would it sell gold for industrial, professional, or artistic uses.7

RESERVE POSITION IN THE


INTERNATIONAL MONETARY FUND
(IMF)
The reserve position in the IMF is the U.S.
quota minus the IMF's holdings of dollars;
it represents the amount that the United States
could automatically purchase in foreign currencies if needed.

CONVERTIBLE FOREIGN CURRENCIES


Convertible foreign currencies are those currencies that are freely transferable. Table 14.1
shows the aggregate of such currencies that are
held by the Federal Reserve Banks and by the
Treasury.

SPECIAL DRAWING RIGHTS (SDR's)

In connection with the lifting of the ban on private ownership of and trading in gold by U.S. citizens
the Treasury announced late in 1974 that it would sell
gold at auction. The Treasury sold at auction 754,000
ounces of gold at an average price of $165.67 per
ounce on Jan. 6, 1975, and 499,500 ounces at a price
of $165.05 per ounce on June 30, 1975.

SDR's are unconditional international reserve


assets created by the IMF. Figures for 1970
(Table 14.1) include the initial IMF allocation
of $867 million of SDR's on January 1, 1970,
plus net transactions in SDR's during the year.

NET GOLD ACQUISITIONS OR SALES BY THE UNITED STATES


During the period covered by this section
the United States bought gold from and sold
gold to foreign governments, central banks, and
by specific agreementinternational organizations, for the settlement of international
balances or for other legitimate monetary purposes, at the established rate of $35 per fine
troy ounce in effect throughout the period.8
8

Table 14.2 shows data for net gold acquisitions or sales by the United States, by countries,
annually for the period 1945-70 and quarterly
beginning with 1950.
8

The U.S. official price of gold was increased from


$35 per fine ounce to $38 per fine ounce on May 8,
1972 (Public Law 92-268) and from $38 to $42.22
per fine ounce on Oct. 18, 1973 (Public Law 93-110).
See also note 4.

This note appears in opposite column.

GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS


Table 14.3 shows quarterly data for gold
reserves of 60 countries and one international
and two regional organizations, as well as world
totals. During World War II it was difficult to
obtain reliable information on gold reserves,
since many countries did not disclose their
official holdings and a number of others reported figures that failed to disclose the full
extent of their holdings. Therefore, no attempt
has been made to show holdings before December 1945.
In most foreign countries the central bank

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Federal Reserve Bank of St. Louis

or bank of issue holds the country's gold reserves, but in several both the central bank and
an exchange stabilization fund or similar governmental authority hold the reserves. In others
Canada and the United Kingdom, for examplesuch authorities hold all of the gold
reserves.
The source of the gold reserve figures for
most countries and for the Bank for International Settlements (BIS) has been either the
balance sheet or the statistical bulletin of the
central bank. Figures for the IMF and several

897

Gold

countries have been obtained from the Fund's


monthly bulletin, International Financial Statistics. Although most figures given are for the
end of the month, figures for several countries,
particularly Asian countries that do not issue
end-of-month reports, refer to the last report
date of the month.
Gold reserves have been reported in three
waysin the currency of the country, in weight
units, or in U.S. dollars. Reserves reported in
foreign currencies have been converted into
dollars at rates that result in a valuation of $35
per fine ounce, the rate that was in effect during the period covered by this section.0 Where
gold reserves have been reported in weight
units, the conversions have been made at the
rate of $35 per fine ounce.9
9

See first paragraph of note 8.

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Federal Reserve Bank of St. Louis

The figures for estimated world gold reserves represent reported holdings of central
banks and governments and of regional and
international organizations; unpublished holdings of various central banks and governments;
and estimated official holdings of countries from
which no reports have been received. The figures do not include amounts for the U.S.S.R.,
other Eastern European countries, and the
People's Republic of China.
The figures for the most part represent physical gold, in the form of coin or bullion, 'jield
either at home or abroad. A number of countries have gold deposited with the BIS, and
they include these deposits as part of their gold
reserves. To avoid overstating world reserves,
therefore, the figures included in Table 14.3
for the BIS represent the Bank's gold assets net
of gold deposit liabilities.

898

GOLD

14.1 U.S. RESERVE ASSETS, END OF MONTH, 1942-70


[In millions of dollars]
Gold stock i
End of
period

Total

Total 2

Treasury

Convertible
foreign
currencies

Reserve
position
in
IMF 3

1941
1942
1943
1944
1945

22,762
22,739
21,981
20,631
20,083

22,762
22,739
21,981
20,631
20,083

22,737
22,726
21,938
20,619
20,065

1946
1947
1948
1949
1950

20,706
24,021
25,758
26,024
24,265

20,706
22,868
24,399
24,563
22,820

20,529
22,754
24,244
24,427
22,706

,153
,359
,461
,445

1951
1952
1953
1954
1955

24,299
24,714
23,458
22,978
22,797

22,873
23,252
22,091
21,793
21,753

22,695
23,187
22,030
21,713
21., 690

,426
,462
,367
,185
,044

1956
1957
1958
1959
I960

23,666
24,832
22,540
21,504
19,359

22,058
22,857
20,582
19,507
17,804

21,949
22,781
20,534
19,456
17,767

,608
,975
,958
,997
,555

1961
1962
1963
1964
1965

18,753
17,220
16,843
16,672
15,450

16,947
16,057
15,596
15,471
613,806

16,889
15,978
15,513
15,388
M3.733

116
99
212
432
781

1,690
1,064
1,035
769
5863

1,321
2,345
3,528
6
2,781
629

326
420
1,290
2,324
1,935

..

14,882
14,830
15,710
e 16, 964
14,487

13,235
12,065
10,892
1 1 , 859
11,072

13,159
11,982
10,367
10,367
10,732

1942 Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

22,782
22,723
22,699
22,711
22,732
22,745
22,750
22,762
22,762
22,756
22,763
22,739

22,782
22,723
22,699
22,711
22,732
22,745
22,750
22,762
22,762
22,756
22,763
22,739

22,747
22,705
22,687
22,691
22,714
22,737
22,744
22,756
22,754
22,740
22,743
22,726

1943 Jan
Feb
Mar
Apr.
May
June. . .
July
Aug
Sept.
Oct.
Nov
Dec.

22,695
22,652
22,590
22,488
22,447
22,398
22,340
22,251
22,182
22,133
22,082
21,981

22,695
22,652
22,590
22,488
22,447
22,398
22,340
22,251
22,182
22,133
22,082
21,981

22,683
22,644
22,576
22,473
22,426
22,388
22,335
22,243
22,175
22,116
22,065
21,938

1944 jan
Feb.
Mar
Apr.
May
June
July
Aus.
Sept. .
Oct.
Nov
Dec.

21,924
21,744
21,614
21,446
21,285
21,194
21,030
20,949
20,850
20,751
20,700
20,631

21,924
21,744
21,614
21,446
21,285
21,194
21,030
20,949
20,850
20,751
20,700
20,631

21,918
21,712
21,600
21,429
21,264
21,173
20,996
20,926
20,825
20,727
20,688
20,619

1966
1967
1968
1969
1970

Special
Drawing
Rights *

1945 Jan
Feb
Mar
Apr.
May
June
July , .
Aug
Sept
Oct
Nov
Dec.

851

For notes see end of table.

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Federal Reserve Bank of St. Louis

899

Gold stock i

End of
month

Total

Total 2

Treasury

Reserve
position
in
IMF

20,569
20,525
20,451
20,391
20,287
20,294
20,196
20,118
20,093
20,120
20,076
20,083

20,569
20,525
20,451
20,391
20,287
20,294
20,196
20,118
20,093
20,120
20,076
20,083

20,550
20,506
20,419
20,374
20,270
20,213
20,152
20,088
20,073
20,036
20,030
20,065

1946 Jan
Feb
Mar
Apr
May
June
July
Aug.
Sept
Oct
Nov. . .
Dec

20,212
20,283
20,311
20,307
20,298
20,341
20,342
20,401
20,419
20,526
20,637
20,706

20,212
20,283
20,311
20,307
20,298
20,341
20,342
20,401
20,419
20,526
20,637
20,706

20,156
20,232
20,256
20,251
20,242
20,270
20,267
20,280
20,305
20,402
20,470
20,529

1947 Jan
Feb
Mar..
Apr
May
June
July
Aug, .
Sept
Oct
Nov
Dec

20,935
21,069
21,314
21,650
21,828
22,163
22,472
22,657
22,978
23,453
23,859
24,021

20,935
20,380
20,625
20,961
21,108
21,418
21,685
21,836
22,085
22,409
22,735
22,868

20,748
20,330
20,463
20,774
20,933
21,266
21,537
21,766
21,955
22,294
22,614
22,754

689'
689
689
720
745
787
821
893
,044
,124
,153

1948 Jan,
Feb
Mar.
Apr..
May
June
July
Aug.
Sept
Oct. .
Nov
Dec.

24,174
24,368
24,501
24,599
24,735
25,049
25,129
25,236
25,376
25,519
25,684
25,758

23,010
23,177
23,215
23,307
23,435
23,741
23,820
23,927
24,060
24,203
24,353
24,399

22,935
23,036
23,137
23,169
23 , 304
23,532
23,679
23,725
23 , 872
24,004
24,166
24,244

,164
,191
,286
,292
,300
,308
,309
,309
,316
,316
,331
,359

1949 Jan
Feb..
Mar
Apr
May
June
July
Aug.
Sept
Oct.
Nov.
Dec

25,807
25,847
25,859
25,870
25,920
26,046
26,115
26,181
26,141
26,127
26,087
26,024

24,448
24,464
24,468
24,461
24,511
24,637
24,705
24,771
24,728
24,688
24,626
24,563

24,271
24,290
24,314
24,332
24,342
24,466
24,520
24,608
24,602
24,584
24,479
24,427

1,359
1,383
1,391
1,409
1,409
1,409
1,410
1,410
1,413
1,439
I,46t
1,461

1950 Jan
Feb
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct
Nov
Dec

25,957
25,906
25,810
25,801
25,791
25,782
25,683
25,189
25,035
24,793
24,598
24,265

24,507
24,456
24,360
24,350
24,340
24,331
24,239
23 , 745
23,591
23,349
23,153
22,820

24,395
24,345
24,246
24,247
24,231
24,231
24,136
23,627
23,483
23,249
23,037
22,706

1,450
1,450
1,450
1,451
1,451
1,451
1,444
1,444
1,444
1,444
1,445
1,445

GOLD

14.1 U.S. RESERVE ASSETS, END OF MONTH, 1942-70Continued


[In millions of dollars]

Total 2

Treasury

Reserve
position
in
IMF s

Gold stock *
End of month

Total

Gold s,tock l
End of month

Total

Total 2

Treasury

Convertible
foreign
currencies

Reserve
position
in
IMF 3

1951 Jan
Feb.
Mar.
Apr
May
June.
July
Aug.
Sept.
Oct
Nov.
Dec. . . .

23 907
23 608
23 363
23 337
23,298
23 306
23 286
23 413
23 591
23 822
24 ' 000
24 299

22 461
22 162
21 927
21 900
21 861
21 872
21 852
21 986
22*164
22 394
22 579
22 873

22 392
22 086
21 806
21,805
21,756
21 756
21,759
21 854
22 013
22,233
22 382
22,695

446
446
436
437
[437
434
,434
427
427
,428
421
,426

1957 Jan.
Feb
Mar.
Apr.
May
June
July
Aug
Sept.
Oct.
Nov
Dec.

23 704
23 856
23 994
24,197
24,261
24 381
24,493
24 542
24 657
24,774
24 801
24,832

22 377
22 396
22 ' 406
22 424
22 726
22 732
22 735
22 735
22 759
22 835
22 837
22 857

22
22
22
22
22
22
22
22
22
22
22
22

252
304
306
318
620
623
627
626
635
691
763
781

,327
460
588
773
,535
649
,758
807
898
,939
964
,975

1952 Jan.
Feb.
Mar
Apr.
May. .
June
July
Aug
Sept.
Oct.
Nov
Dec,

24 483
24 , 844
24 894
24 917
24,962
24 979
24 968
24,984
24 982
24 978
24*962
24 714

23
23
23
23
23
23
23
23
23
23
23
23

055
378
428
450
502
533
537
528
526
521
505
252

22 951
23,191
23 291
23 , 297
23 , 296
23 346
23,350
23,344
23 342
23,339
23 338
23,187

428
,466
466
467
[460
,446
,431
,456
,456
,457
457
[462

1958 Jan.
Feb..
Mar
Apr.
May
June
July
Aug
Sept.
Oct. . .
Nov
Dec.

24 841
24,730
24 529
24 , 096
23 , 703
23 496
23,361
23,182
22,960
22,774
22 615
22 , 540

22 860
22 736
22 487
22 042
21,674
21 412
21 275
21,082
20 929
20,741
20 653
20,582

22 784
22 . 686
22 394
21 996
21 , 594
21 356
21,210
21,011
20 874
20,690
20 609
20,534

1 981
1 994
2 042
2 054
2,029
2 084
2,086
2,100
2 031
2,033
1 962
1 958

1953 Jan
Feb.
Mar
Apr.
May.
June
July
Aug
Sept,
Oct... .
Nov.
Dec.. . .

24,541
24 193
24 109
24'051
24,008
23 939
23 771
23 703
23 659
23,586
23 552
23,458

23 , 079
22 751
22 649
22 639
22,590
22 521
22 353
22 275
22 220
22,146
22 112
22,091

22,986
22,662
22 563
22 , 562
22,537
22 463
22,217
22 178
22,128
22,077
22,028
22,030

,462
,442
460
*412
,418
,418
,418
428
',439
,440
,440
,367

1959 Jan
Feb..
Mar
Apr.
May.
June
July
Aug,
Sept.
Oct
Nov.
Dec..

22,497
22,481
22 279
22,157
22,014
21,857
21 ,767
21 690
21 '664
21,744
21,631
21 , 504

20,527
20 520
20 486
20 358
20,227
19 746
19,672
19 568
19,579
19,647
19 617
19,507

20,476
20 , 479
20 442
20 305
20,188
19 705
19,626
19 524 i
19,491
19,585
19,566
19,456

1 ,970
1,961
1 793
1 799
1,787
2 111
2 095
2 122
2 085
2,097
2 014
1,997

23 , 408
23 401
23 358
23,425
23 347
23,330
23,238
23 078
23 038
23,003
22 954
22 978

22 044
22 036
22 035
22,083
22 039
22,027
21 ,960
21 897
21 863
21,827
21 791
21 793

21,956
21 958
21 ,965
21,969
21,973
21,927
21,908
21 809
21,810
21,759
21,710
21 713

,364
,365
,323
,342
,308
,303
,278
181
,175
,176
,163
185

I960 Jan
Feb.
Mar.
Apr
May
June
July
Aug
Sept.
Oct
Nov.
Dec

21,478
21,396
21,345
21,278
21,234
21,170
20,999
20 803
20 , 430
20,068
19,558
19 359

19,494
19 471
19 457
19,403
19,395
19,363
19,188
19 045
18 725
18,443
17 948
17 804

19 , 444
19 421
19,408
19,360
19,352
19,322
19,144
19 005
18,685
18,402
17,910
17 767

I 984
1 925
1 888
1,875
t 839
1.807
1,811
1 758
1 705
,625
610
555

22 969
22 960
22,904
22 865
22,868
22,851
22,841
22 839
22,853
22 864
22 , 865
22,797

21 786
21 788
21,763
21 724
21,727
21,730
21,734
21 732
21 745
21 747
21,751
21 753

21 714
21,716
21,719
21,671
21,674
21 , 678
21,682
21 682
21,684
21,686
21,688
21 , 690

183
,172
,141
,141
,141
,121
,107
,107
,108
,117
,114
,044

1961-= Jan.
Feb.
Mar
Apr.
May
June
July
Aug.
Sept
Oct. .
Nov
Dec

19,056
18,978
18,988
19,165
19,197
19,308
19,235
19,642
19,521
19,172
18,828
18,753

17 480
17,412
17,433
17,435
17,451
17,603
17,590
17 530
17,457
17,331
17,021
16,947

17 441
17,373
17,388
17,390
17,403
17,550
17,527
17,451
17,376
17,300
16,975
16,889

25
175
165
186
105
106
62
112
127
116

576
566
,530
,555
,581
,519
,540
006
,002
,729
,680
,690

22 797
22 790
22 813
22,765
22 799
22 , 847
22 , 909
23 012
23,084
23 052
23*163
23 666

21 755
21 757
21*765
21,792
21 821
21,868
21 918
21 965
22,032
21 999
22,106
22 058

21 693
21 695
21 716
21,743
21,772
21,799
21,830
21,858
21,884
21,910
21,910
21,949

,042
033
,048
973
978
979
991
1,047
1,052
1,053
1,057
1,608

1962 Jan.
Feb
Mar.
Apr
May
June
July
Aug..
Sept
Oct.. ..
Nov.
Dec

1 8 , 650
18 512
1 8 , 329
18,192
18,123
18,490
17,785
1 7 , 639
17,609
17,436
17,286
17,220

16 847
16 795
16,643
16,519
16,458
16,527
16,182
16,139
16,081
16,026
16,014
16,057

16 815
16 790
16,608
16,495
16,434
16,435
16,147
16,098
16,067
15,978
15,977
15,978

116
153
230
243
260
554
496
423
450
338
202
99

687
564
456
,430
,407
,409
,107
077
,078
,072
,070
,064

1954 jan.
Feb
Mar.
Apr. .
May
June.
July
Aug
Sent
Oct.
Nov
Dec
1955 jan
Feb
Mar.
Apr.
May
June .
July
Aus
Sept.
Oct.
Nov.
Dec.
1956 Jan
Feb
Mar
Apr.
May
June.
July
AUE
Sept.
Oct
Nov.
Dec.

. .

.....

For notes see following page.

Digitized for FRASER


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

900

.....

. ..

GOLD

14.1 U.S. RESERVE ASSETS, END OF MONTH, 1942-70Continued


[In millions of dollars]
End of
month

Gold stock i
Total

Total 2

Treasury

Convertible
foreign
currencies

Reserve
position
in
IMF 3

End of
month

Gold stock i
Total

Total 2

Treasury

Convertible
foreign
currencies

Reserve
position
in
IMF 3

1963 Jan....
Feb. . .
Mar..,
Apr...
May..
June. .
July. . .
Aug. .
Sept...
Oct. . .
Nov...
Dec...

17,178
17,114
17,188
17,140
17,114
17,065
16,815
16,774
16,838
16,948
16,817
16,843

15,974
15,891
15,946
15,914
15,854
15,830
15,677
15,633
15,634
15,640
15,609
15, .596

15,928
15,878
15,878
15,877
15,797
15,733
15,633
15,582
15,582
15,583
15,582
15,513

128
132
132
132
155
126
87
92
154
270
171
212

1,076
1,091
1,110
1,094
1,105
1,109
1,051
1,049
1,050
1,038
1,037
1,035

1967 Jan
Feb. . . .
Mar. . . .
Apr. . . .
May...
June . . .
July
Aug. . . .
Sept. . . .
Oct. . . .
Nov. . . .
Dec. . . .

14,196
13,998
13,855
13,906
13,943
14,274
14,224
14,605
14,649
14,927
15,438
14,830

13,202
13,161
13,184
13,234
13,214
13,169
13,136
13,075
13,077
13,039
12,965
12,065

13,157
13,107
13,107
13,109
13,109
13,110
13,108
13,008
13,006
12,905
12,908
11,982

645
480
314
315
363
738
719
1,162
1,200
1,509
2,092
2,345

349
357
357
357
366
367
369
368
372
379
381
420

1964 Jan....
Feb. . .
Mar...
Apr...
May..
June . .
July...
Aug. . .
Sept. . .
Oct. . .
Nov. . .
Dec. . .

16,881
16,770
16,894
16,899
16,856
16,591
16,628
16,690
16,521
16,386
17,015
16,672

1 5 , 540
15,518
15,550
15,727
15,693
15,623
15,629
15,657
15,643
15,606
15,566
15,471

15,512
15,462
15,461
15,462
15,463
15,461
15,462
15,460
15,463
15,461
15,386
15,388

307
347
440
264
253
182
211
233
227
96
758
432

1,034
905
904
908
910
786
788
800
651
684
691
769

1968 Jan
Feb. . . .
Mar....
Apr. . . .
May...
June . . .
July. . . .
Aug. . . .
Sept. . . .
Oct. . . .
Nov. . . .
Dec....

14,620
14,790
13,926
13,840
14,348
14,063
14,366
14,427
14,634
14,427
15,660
15,710

12,003
11,900
10,703
10,547
10,468
10,681
10,676
10,681
10,755
10,788
10,897
10,892

11,984
11,882
10,484
10,484
10,384
10,367
10,367
10,367
10,367
10,367
10,367
10,367

2,176
2,235
2,746
2,804
3,386
2,479
2,773
2,817
2,953
2,703
3,655
3,528

441
655
477
489
494
903
917
929
926
936
1,108
1,290

1965 Jan....
Feb. . .
Mar...
Apr.. .
May. .
June. .
July...
Aug. .
Sept. .
Oct. . .
Nov. . .
Dec...

16,343
15,995
15,830
15,592
15,420
15,762
15,566
15,851
15,721
15,639
15,548
15,450

15,208
14,993
14,639
14,480
14,362
514,049
M3.969
513,916
513,925
513,937
513,879
513,806

15,185
14,937
14,563
14,410
14,290
513,934
513,857
513,857
M3 t 858
513,857
613,805
513,733

364
227
490
404
149
546
728
1,037
959
858
807
781

771
775
701
708
909
51,167
5869
6898
5837
5844
6862
5863

1969 Jan
15,454
Feb. . . . 15,499
Mar. . . . 15,758
Apr. . . . 15,948
May... 16,070
June. . . 16,057
July.... 15,936
Aug
16,195
Sept. . . . 16,743
Oct. . . . 06,316
Nov. . . . 16,000
Dec. . . . 16,964

10,828
10,801
10,836
10,936
11,153
11,153
11,144
11,154
11,164
11,190
11,171
11,859

10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367
10,367

3,338
3,399
3,601
3,624
3,474
3,355
3,166
3,399
3,797
e3,34l
2,865
2,781

1,288
1,299
1,321
1,388
1,443
1,549
1,626
1,642
1,782
1,785
1,964
2,324

1966 Jan..,.
Feb. . .
Mar...
Apr.. .
May..
June. .
July...
Aug. .
Sept. . .
Oct. . .
Nov. . .
Dec...

15,224
14,962
15,026
14,916
14,904
14,958
15,148
15,015
14,876
14,880
14,715
14,882

513,811
13,811
13,738
13,668
13,582
1 3 , 529
13,413
13,319
13,356
13,311
13,262
13,235

613,732
13,730
13,634
13,632
13,532
13,433
13,332
13,259
13,258
13,257
13,159
13,159

639
377
559
522
628
722
1,093
1,299
1,148
1,213
1,108
1,321

5774
774
729
726
694
707
642
397
372
356
345
326

1970 Jan
Feb. . . .
Mar....
Apr.. . .
May...
June . . .
July....
Aug, . . .
Sept. . . .
Oct. . . .
Nov....
Dec. . . .

11,882
11,906
11,903
11,902
11,900
11,889
11,934
11,817
1 1 , 494
11,495
11,478
11,072

11,367
11,367
1 1 , 367
11,367
11,367
11,367
11,367
11 , 367
11,117
11,117
11,117
10,732

2,294
2,338
1,950
1,581
980
1,132
716
695
1,098
811
640
629

2,321
2,507
2,577
2,510
2,360
2,350
2,454
2,323
1,944
1,823
1,812
1,935

1
Includes (a) gold sold to the United States by the International Monetary Fund with the right of repurchase, and (b) gold deposited by the
IMF to mitigate the impact on the U.S. gold stock of foreign purchases
for the purpose of making gold subscriptions to the IMF under quota
increases. For corresponding liabilities, see Table 15.1
23 Includes gold in Exchange Stabilization Fund.
The United States has the right to purchase foreign currencies equivalent to its reserve position in the IMF automatically if needed. Under appropriate conditions the United States could purchase additional amounts
equal
to the U.S. quota.
4
Includes initial allocation by the IMF of $867 million of Special Draw-

Digitized for FRASER


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

17,396
17,670
17,350
16,919
16,165
16,328
16,065
15,796
15,527
15,120
14,891
14,487

Special
Drawing
Rights *

899
919
920
926
925
957
961
961
991
991
961
851

ing Rights on Jan. 1, 1970, plus net transactions in SDR's since that
time.
5 Reserve position includes, and gold stock excludes, $259 million gold
subscription to the IMF in June 1965 for a U.S. quota increase that
became effective on Feb. 23, 1966, In figures published by the IMF from
June 1965 through January 1966, this gold subscription was included in
the U.S. gold stock and excluded from the reserve position.
Includes gain of $67 million resulting from revaluation of the German
mark in October 1969, of which $13 million represents gain on mark
holdings at time of revaluation.

901

GOLD

14.2 U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70
[Net sales (} or net acquisitions, in millions of dollars at $35 per fine troy ounce]
Area and country
Western Europe:
Austria
Belgium
Denmark . .
France. . . .
Germany
Greece
Italy
Netherlands
Norway
Portugal .
Sweden.
Switzerland
Turkey
United Kingdom
Bank for Intl Settlements
Vatican
Other
Total . .

1945

31
3
279

1946

14

1947

1948

223

70

265

16

-4

-48
-87
-10
-2
2

17
-10
80
30
-7
-12

131
4
116
238
10
56
407

_i

41
63
3
10
734
-6

48

1 448

37

338

311

-225

153

728

-25
2
-18
85
2

-10
18
-5
30
3

24
g
-38
73
6

37
9
-5
9
10

-2
45
5
25
4
7

11
108
3

Total . .

-473

171

808

82

Asia:
Afghanistan
China

16
185

10

Latin America:
Argentina

Bolivia
Brazil
Chile
Col ombia
Cuba
Ecuador
El Salvador
Mexico
Peru
Uruguay
Venezuela
Other L A republics
Surinam

Iran
Lebanon
Saudi Arabia
Syria
Thailand
Other
Total .

-10

-80
-4
-15
-23
-38
-40
5
446 -1,020
-65
-34
-1
14

926

16
10
62

~5

-100

-35
-32
-15

-5

470
-30

23
2
440

-65
-5
-60
-20
-65
-3
-480
-94
4

326 -1,016

293

-100

-10

-50

-20

-50
7
10

-226

-3
16
-8
-14
-50

-148

-2
-43

-34

-55
-15
16
-50
-20 1
9

-378

-5

15
-8
100

-78

80
15

-85
17

115
-1

-10
28
2
-6
-118
-3
-65

-5
18
-20
-4
-3
-60
-15
22
-I
-8

2
-23

-4

~4
88

-28

80

15

-15

-5
-30

11

29
-200

-172

-126

57

-132

62

14

-28

-3
1

-4

-9

-3

-1

28

-2

-130

3
-68
-10

-12

202 - 1 , 397
3

114

io

1956

-6

-30

-45

-3
-2

-5
4
-1
-6

-4

-4

-3

-1

-1

-2

-189

14

-4

-55

-39

-54

-7

-6

-10

-5

256

499

2
196

-8
52
-76

-2
12

-3
13
-45

-10

94

-1

94

256

500

197

-35

-32

-10

-1

MO

238

3-6

18

-453

705

2,862

1,505

193 -1,725

75

394 -1,164

-327

-68

16

Intl. Monetary Fund : 6


Sales for investment
U.S. subscription G

'

'14
80

200

-688
-453

721

2,176

1,510

For notes see end of table.

Digitized for FRASER


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

-14

-85
-13

1955

Intl. Bank for Reconstruction


End Development

Grand total

-85

-4
-7

1954

9
2

Total
Total foreign countries

_4
114
24

1953

1952

1951

-10
-20
-20

-55

-4

-3

Africa:
Congo (Kinshasa)
South Africa
U A R. (Egypt)
Other
Alt other

9
60
65

41

1950

-6

168

Qmada. .

1949

902

193 -1,725

75

394 -1,164

-327

-68

280

GOLD

14.2 U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]
Area and country
Western Europe:
Austria
Belgium
Denmark . .
France
Germany
Greece
Ireland
Italy
Netherlands. . .
Norway
Portugal
Spain
. .
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia. .
Bank for Intl. Settlements.
Vatican
Other
Total
Canada
Latin America:
Argentina .
Bolivia
Brazil
Chile
Colombia
Ecuador
El Salvador
Mexico
Peru
Uruguay
Venezuela .
Other L.A. republics
Surinam . . .
Total
Asia:
Afghanistan
Burma
..
Indonesia
Iran . .
Iraq
Israel
Japan
Kuwait
Lebanon
Malaysia

1960

1961

1962

-144
-35

-143
-63
15
-456

-15

-141
-15
-173
34
-47

25

-349
-261

-30

-249

31

-20
32

-10

-215

20

-900

-350
-2
-32
~1
-5

1957

3
7

1958

1959

-84
-329
-17

-83
-39
-15
-266

-178
3

68 -2 326

-23
-10

-156

-l46

-125
-2
-306*
-23

102
-1
-387
1

-4

-5

5
75
3

67
3

j
-11
-1

-30
1

4
3
-1
-2

-180

2
329
-2

-81
1
618
-3

-50
-37
150
-2

65

67

19

-9

-11
-4

-399

-30

-4
-157

72

-1
-20
15
4

38
-3

-2

-1

-4
-11
g

-1
-3

-6

-1
3

-2

-4
3

-103

-109

178

32

58

-15

-10
-21

-13
-32
-1

11

48

13

-10

-2
-12

-6

Total

18

-34

-186

-113

-101

-93

-4

-21

24

-i

-i

-8
-7

-1

-5

-35

A
-1

-1

-998 -1,969

-970

-833

All other 8
172 - 2 , 294

Intl. Monetary Fund:


Sales for investment
^
9
Other sales
Deposits 10
l2
U S subscription

600

300

300

-20
-8

-7

25

For notes see end of table.

903

19
-2
-85

-11
-52
-209
-19
-1
5

-19
-2
-13
80
-3

-30

-879
-3

50
2
-835
4

-980

-669

200

150

50

-39

-1

-25

-3
-6
7

-1
-3

-11
-20

10

-7
-3
-10
35

-8
-3

-2
-9

-9

600

-2

25
-5
29
-2

-25
-7
17

-8
-10

-659

-44

-65

-4

-1

-4

-2
-15
-21

-56
-11

-11

-1

20

1
-1

-3
-5
-1
-42
-25
-95
-34

-3

-I
-5

-4
-6

_1
-2

12

-24

-86

-44

-366

-15
3

_1
-1

-151
-2
-1

-51

-1
-6

2
-16

-11
_1

4
-8

-1
-15

-4

-5

-2

-36

-10

-8

-19

-157

-66

-392

150

-820

-58

10
50
-81
-9
7 -32

-833

-392

-1
-9

-8

-2

-36 - 1 , 322

-608 -1,031 -1,118

34
-259

-344
772 -2,294 -1,041 - 1 , 669

10

-6
-16

-2

Total foreign countries

54

-21
-16

-25
-13
-601
j
-2
-60

-28

-88 -1 299

-30

-30

1968

57

-4
-25

1967

-5

85

Digitized for FRASER


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

-32

-2
-7

13
1
-2

Grand total

-130

-90

22

Total

-2
-80
-35

-2
-2
-6

Philippines
Saudi Arabia
Singapore. .
Syria
Other
Africa:
Algeria
Congo (Kinshasa)
Morocco
Nigeria
U A R (Egypt)
Other

-1
200
-60

-50

-I
-2

-884

190

_4

81

-405
-225

-518

-754 -1 105

1966

-100
-83

100
-25

-324
-6
-550
-16
-36
-6
-6

1965

-55
-40

-82

-19

-114

-827 -1 718

1964

1963

-36 - 1 , 547

177

22

11 -3

-431 -1,009 -1,121

GOLD
14.2 U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]
Mitigated 13

1969

Area and country

Western Europe:
Austria .
Belgium
Denmark
France
Germany
Greece
Ireland
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia . . . .
Bank for Intl. Settlements
Vatican
Other

1970

Mitigated through special deposits by the IMF ls

1965

1970

1966

4
25
325
500
-1
41
76

-2
-129
-10
2

-129
-10

-1

-50
1

-25
-18

-50
1

-11

-4
200

-15

-14

1
-3

51

1
969

Total. . . . .

-204

-168

1968

1967

1969

Total

-25

-25

-8

-8

-10

-10

-19

-19

-62

-62

-18

-18

Canada
Latin America :
Argentina . , ,
Bolivia
Brazil
Chile
Colombia
Ecuador
El Salvador
Mexico
Peru
Uruguay
Venezuela
Other L.A. republics
Surinam

-25
-5
4
-12
-8
9
10
-44

Total
Asia:
Afghanistan
Burma
India
Indonesia
Iran
Iraq
Israel
Japan
Kuwait
Lebanon
Pakistan
Philippines
Saudi Arabia
Singapore
Syria
Taiwan
Other

-4

-2

-1
40

-28
-2
-23
-10
-1
-25
-13
-8
-19

-131

Total

42

Africa:
Algeria
Congo (Kinshasa)
Morocco
, .
Nigeria
U.A.R. (Egypt)
Other . .

-2

Total

-17

-109

-3
-30
^9

-8
-119
21

-8
-4
-3
-60
-9

-213

-6

-25
-1

-7

-26

-24

-4

-2

-9

-6

-1

-2

-9

-77

-16

-4

-96

-1
-1
-1

-1
-2

-199

-6
-9

-70

-61

-14

All other 8

-1

-11

-11

Total foreign countries

957

For notes see end of table.

Digitized for FRASER


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

10

-156

967

-787

._14
-4

-14

-3

-10

Grand total. . .

-548

-56
j
g

-9

-12

Total

-58

-1

-47

548
-400
134
-53
. -385

-1

-56

-6

21
15-11

-25
-9

-119
4
-7
-7

-6
-9
-4
-52

Intl. Monetary Fund:


Mitigated sale u
6
Sales for investment
B
Other sales
..
10
Deposits

U.S. subscription 12

-7

-2

-631

-6

-3
-25
-10

is
-11
-30

11
-3

-23
-2
-23
-8

-2'

^
-1

-1

-3
-3
-4

-1

-2

-16

-6

-4

-26

-22

-14

22

14

-8

-8
-34

-177

-250

548
34

904

177

250

GOLD

14.2 U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]
19 50

Area and country

Western Europe:
Austria
Belgium
Denmark
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Sweden
Switzerland
Turkey
United Kingdom
Bank for Intl. Settlements. . . .
Vatican
Other
Total

35

19 51
IV

-29

-56

-12
-13
-92

-12

-6

20

-2
-4
-13
-80
-13

-143

-3
5
-12

-35

-16
-25

-580
-6

-655

Canada
Latin America :
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Ecuador
El Salvador
Mexico. . . .
Peru
Uruguay
Venezuela
Other L.A, republics
Surinam
Total. .
Asia:
Afghanistan
Indonesia. . .
Iran
Lebanon. .
Philippines
Saudi Arabia. . .
Syria
Other
Total
Africa:
Congo (Kinshasa) .
South Africa
U A R. (Egypt)
Other
Total

III

2
-2

IV

-4

-15
_4

-10
-15
-15

-15

-360
-34
-2

-400
-25

-80
-9

-564

-593

II

20

24
7
10

-12

100

-104

-5
-17

-5

320
4

630

-5
23

-3

5
2

295

695

2
80
2

520
2

553

226
7

-10
-50

-10
1
-2
-16

_1

-12

-2

-38

-3

20

-41

-3
-62
-3
-27

-24

-2

-5
14
4
124
-15
-51

4
-20
-3
64
28

-2

15
-1
-2
73

12

-56

75

237

-10

-20

-20

IV

III

72
-4

-80

100

30

-18

2
-5

11

_4
101

-20
2

25
5

10

-4
26

94

38

-2

-1

-1
-4

-1

-15

-3
24
-3

-25
_4

1
2
i
-1

-4

-i

-1

-21

-3

-5

-25

-3

-2

13
-25

20
-31

19

-20

-12

-11

19

-8

4
-27

9
3

-15

-23

-15

-3

-28

10

All other
Total foreign countries

II

III

19 52

-1

-1

-1

-1
1

-2
-2

-2

-201

-30

-731

-762

-876

-56

291

716

557

106

-1

-268

-201

-30

-731

-762

-876

-56

291

716

557

106

-1

-268

Intl. Monetary Fund


Grand total
For notes see end of table.

Digitized for FRASER


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

905

GOLD

14.2 U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]
19 54

1953

Area and country

Western Europe;
Austria
Belgium
Denmark
France
Germany
.
. . . .
Greece
Italy
Netherlands
Norway
Portugal
Sweden
Switzerland
Turkey, ,
....
United Kingdom
Bank for Intl. Settlements
Va tican
Other

II

III

II

-30

-23
-10

-45

-io

-5

III

IV

-6

12

-33

-30

-10

-40

-50

-40

-16

-15

-15

-20

-5

-25

-15
-10
-15

-40
-9

-120
-43

-25
-5
-15
-10
-20
-3
-320
-23

IV

-140

-40

-102

-295

-19
4

-118

-20
-8

-15
-8

50
-1

-3

-8

-62

-72

-170

-74

-37

13

-5
-8
6

-42

-20

-10

-4
80

-28

...
,

Other L.A. republics


Surinam.

-5

-10

-5

-97

-25

-10

-1

-1

-2

-1

-1

-2

11
30

..

Total

Iran
Lebanon
Philippines

-55

Bolivia
Brazil
Chile .
Colombia
Ecuador
El Salvador

Asia:
Afghanistan

IV

.....

Latin America:

Peru
.
Uruguay

III

36
-13

-501

Total..
Canada . .

II

19 55

52

11

....
-3

-8

. .

Syria
Other
Total

-1
-1

_1

-1

Africa :
Congo (Kinshasa)
U.A.R. (Egypt). . .
Other

-2
3

-8

-2

-10
1
1

-10

Total
All other
Total foreign countries

-599

-128

-307

-130

-63

20

-172

72

37

-42

-599

-128

-307

-130

-63

-20

-172

-72

-37

-42

Intl Tvlonetary Fund


Grand total.
For notes see end of table.

Digitized for FRASER


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

906

GOLD

14.2 U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]
19 57

19 56

Area and country


I

Western Europe:
Austria
Belgium
Denmark
France , .
Germany
Greece
Italy
Netherlands ,
Norway
Portugal
Spain . . .
Sweden
Switzerland
Turkey
United Kingdom
Bank for Intl. Settlements. . . .
Vatican. . . .
Other
Total

II

HI

IV

3
-34

19 58
III

II

IV

3
7

20

II

-14

144
-17

-42

-169
-63

III

IV

-26
-113

-58
-58

-124
-46

-56
-110

-20
8

100
1

-33

-6

Canada
Latin America:
Argentina
Bolivia .
Brazil
Chile
Colombia. . .
Ecuador
El Salvador
Mexico. . . .
Peru. . .
Uruguay. . .
Venezuela
Other L.A. republics
Surinam

20

55

32

31

15

1
119

30

15

40

10

-1

10

31

15

-5

-135

-75

-300
-15

450
-74

-50
-61
-2

-100
-28

-376 -1,073

-498

-379

12

55

40

28
-4
2

27
-200

85

133

4
3
-2

Total

20

13

15

Asia:
Afghanistan. . .
Indonesia
Iran. . .
Japan
Lebanon. .
Philippines
Saudi Arabia
Syria
Other

-1

-1

Total

47

12

-2
-7
7

56

2
-30
7

15
-1
15

Africa:
Congo (Kinshasa)
U.A.R. (Egypt)
Other

-1

-2

-23

-1
-1

Total .
1

< 13

All other
Total foreign countries

Intl. Monetary Fund: 6


Sales for investment
Other sales 9
Grand total

-20

20

80

25

75

75

25

95

155

25

42

18

300

300

342

318

see end of table.

Digitized for FRASER


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

907

19

93

-377 -1,081

-489

-347

19

93

-377 -1,081

-489

-347

GOLD

14.2 U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]

Western Europe:
Austria
Belgium
Denmark .
France
Germany
Greece.
Italy
Netherlands,
Norway
Portugal. . .
Spain
Sweden
Switzerland
Turkey.. .
United Kingdom
Vugoslavia
Bank for Intl. Settlements
Vatican. . . .
Other
Total . . .

II

39
-39
5

III

IV

43
10
66

II

_1
-26

-25

III

15

-83
-15
117
-34
42

-110

-105

-33

-81

-58

-165
=6
-350
= 12
-=36
-5
-3

-55

-25

-10

__7
-1

-25

20

-160

_2

-200
-3
1

-318

-274

-2

5
-38

-7

11

56

-10

-150

IV

200

-30

-200

19 61

19 60

19 59

Area and country

-197

-40

-49

-576 -1,053

-35

III

IV

-63

-81

-23
-10

100

-150

-25
-58

-40

-20
-2
225

-45

-5

-55

-326

202

-246

-466

-23
-4

-244

Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia .
Ecuador
El Salvador
Mexico. . . .
Peru
Uruguay .
Venezuela
Other L.A, republics
Surinam

-11
_1

-30

-1

-6
-20

-10
j

Total

-20

Asia:
Afghanistan
Burma
Indonesia . . . .
Iran .
Irao
Israel
Japan
Korea
Kuwait
Lebanon
Pakistan
Philippines
Saudi Arabia. . .
Syria
Other

50

Total

-54

-23

-4

64

-1
-1

4
62

-7

-1
-20
-15
_4

-1
-5

-36

-65

-2

_4
-23

-2

-28

-102

-2

-3

-9

-4

-16

-10

-4

Total

-4

-10

-11
-2

-20

Africa:
Congo (Kinshasa)
M^orocco
Nigeria
U A.R. (Egypt)
Other

-21

-26

-19

-67

-25

-13
_4

-2

-12
-20

-27

-34

-8
-1

-6

-8

-27

20
-8
_4
__t

-93

Intl, Monetary Fund: 5


Sales for investment
Other sales 9
U.S. subscription *2
Grand total

-389

-359

-157

200

100

-159

-57

-42

-84

-632 -1,212

-366

179

300

-93

-732

908

-42

-84

-632

-912

-288

-494

ISO

-344

For notes see end of table.

Digitized for FRASER


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

-20
24

-21

AH other 8
Total foreign countries

-1

-1

-13

-8
-62

-2

-15

-2

-50

-90

-3

-6
-4

-5
-45

65
-1

-20

-1

-1

-366

179

-138

-494

GOLD

14.2 US. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]

19 63

19 62
Area and country

Western Europe:
Austria
Belgium . , .
Denmark
France
Germany . .
Greece
Ireland
Italy
Netherlands
Norway
Portugal . . . .
Spain
Sweden
Switzerland. . . ,
Turkey
United Kingdom
Yugoslavia
Bank for Intl. Settlements
Vatican . . . .
Other

II

III

IV

II

39

17
35

56

30

30

-20

-28
45

96

-214

15
-101

101

-4

-15

III

-101

-214

IV

II

-32

-32

-23

-101

-101
-200

III

-101

IV

-40

-101
-25

-47

-59

-20

-20

62
-1

35

-45

50

-64

-181

-150

-101
I

200

-70
_9
107

-60

-60

-2

-30

15
18

-30
15
221
-1

163
-1

-51
-13
125
-1

-31

79

35

-171

-1

28

-1
-1
10

28
-1

j
74
-1

-5
131

-1
109
-1

1
5

Total

-290

Canada

-5

-337

-399

-79

-1

59

10

273

-104

-139

-149

-7

190

Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia . . .
Ecuador
El Salvador
M'gxico
Peru
Uruguay
Venezuela
Other L.A. republics.
Surinam

25

60

_1

-1

'

-30
17

28

<

Total

Total

24

86

-6

-10

17

34

-16

-2

-1

-1
3

-3

-1

-3

-1

25

-7

-2

27

-6
-10
1

11

-24

-13
-21

11

-1
25

13
I
16

-2

41

-11

-8

10
3

25

-4

10

-3
-1

-1

-15
-3

Total

Total foreign countries.

59

28

-4
-11

-I
3

Africa:
Algeria
Congo (Kinshasa)
Morocco
Nigeria
U A R (Egypt)
Other
8

-1

-2

-1

Asia:
Afghanistan
Burma
Indonesia . . .
Iran
Iraq .
Israel
Japan
Korea . . . .
Kuwait
Lebanon
Malaysia
Pakistan
Philippines
Saudi Arabia
Syria
Other

All other

19 64

-2

-9

1
-6

-1

-1

-1

-1

-2

-10

-25

-1

-1

-9

-1

-1

-291

-102

-434

-6

-96

-100

-180

-15

-2a

95

41

-145

-291

-102

-434

-6

-96

-100

-180

-15

-28

95

41

-145

Intl. Monetary Fund


Grand total. . . .
For notes see end of table.

Digitized for FRASER


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

909

GOLD

14.2 U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]

Western Europe:
Austria
Belgium
Denma rk . .
France
Germany
Greece . .
Ireland
Italy
Netherlands
Norway
Portugal

Spain
Sweden .
Switzerland. .
Turkey
United Kingdom
Yugoslavia . .
Bank for Intl Settlements
Vatican . .
Other ... .
Total . .

II

HI

25
40

38
-22

38
-21

483

148

117

IV

-137

Asia:
Afghanistan
Burma
Indonesia
Iran
Ira a
Israel
Japan
Korea
Kuwait
Lebanon. .
Malaysia
Pakistan
Philippines
Saudi Arabia

90

60

38
-16
-76
1

-13
-3
29

-334

_1
1

30
-8
132
-1

-82

28
30

III

-1

-11
64

-19
7
-1
-19
-1

11
-2
-7
-1

-20
126

-81

-1
-3

-1
-1
-1

-221

-174
100

50

-1

-1
-2

-172

-1

IV

20

-1
-1
-85

-io

-20
-1

-17
3
-1

-30
21
-34
-1

-77

-5
-771 1

-92

-15

-44

-58

-863

-28

-II

-1
-3

-1
-2

-2

10

-10
10

...

-10

...

-1
-3

-4

-29

-2

-5

-4

-36

-2

-1

15

10

12

-1
3

-2
-3

-6

100

-2

-1

-25
-1
58

50

50

-3

-6

-12
-18

-1
-2
-15

-21

-56
-1

. ,

-11

Other

-3
g

-3

-6

-82

Total

-15

Africa :
Algeria . . . .
Congo (Kinshasa)
Morocco
Nigeria
U A R (Egypt)
Other

-1

1
-8

-9

-6

299

-11

10

-12

10

-1
-2

-1
10
j

All other

-20

-7

-9

-8

104

-108

165

26

131

-96

-82

-34

-I

-1
-2
-1

1
-7

-1

-1
_ j

-22

-150

-1

-2

-1

-6

-150

-36

12

-53

-953

16

-20

17

-53

-953

-1

-811

Intl, Monetary
Fund:
Deposits I0
U.S. subscription 12

-259
-811

-558

-185
18

-167
i

For notes see end of table.

Digitized for FRASER


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

II

-60

Grand total

-277

-1

...

Total foreign countries

-221

IV

-8

Total . .

III

35

802

Total . . .

-13
-103 1

-1

1
-80

II

-25

Canada
Latin America:
Argentina . . . .
Bolivia
Brazil
Chile
Colombia . .
Ecuador
El Salvador
Mexico
Peru
Uruguay. .
Venezuela . . .
Other L.A. republics
Surinam

19 57

19 66

19 65

Area and country

910

-172

-86

29

-143

-86

GOLD
14.2
U.S. NET MONETARY GOLD TRANSACTIONS WITH FOREIGN COUNTRIES AND
INTERNATIONAL ORGANIZATIONS, ANNUALLY, 1945-70; QUARTERLY, 1950-70Continued
[Net sales () or net acquisitions, in millions of dollars at $35 per fine troy ounce]

1969

1968
Area and country

Western Europe:
Austria . .
Belgium
Denmark
France
Germany .
Greece
Ireland
Italy. .
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland. .
Turkey
United Kingdom
Yugoslavia .
Bank for Intl. Settlements
Vatican
Other. .
Total
Canada
Latin America:
Argentina
Bolivia . . .
Brazil
Chile .
Colombia . . .
Ecuador
El Salvador
Mexico
Peru
Uruguay. .
Venezuela
Other L.A. republics
Surinam
Total . .
Asia:
Afghanistan
Burma
India
Indonesia
Iran
Iraq
Israel
Japan
Kuwait
Lebanon. .
Malaysia
Pakistan
Philippines. . .
Saudi Arabia
Singapore
Syria
Taiwan , .
Other
Total . .
Africa:
Algeria . . . .
Congo (Kinshasa)
Morocco
Nigeria . . . .
U.A.R. (Egypt)
Other
Total

II

-25

-33
220

-12
-184
-49

Intl. Monetary Fund:


Mitigated sales 14
5
Sales for investment
9
Other sales
10
Deposits
U.S. subscription 12
Total
Grand total
For notes see next page.

Digitized for FRASER


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

IV

III

II

IV

III

II

IV

4
240

140

-11

-11
3

_5

50

25
275

-2
-129

500
16

25

-10

-76

_1

-20

-1

-30
-1

51
-25

-900
-1

-1,195

-25
-8
50
-1

-1

10
15
-1

-13

-10

-5

163

213

150

-5

-15

-5

-1

-1

-2

-25
-1

-7

-6

-5

-1

-1

-1
200

-2

-50
-5

1
2

292

721

-10

-15

-5

-1

-2

-1

-1
-1

-5

-5

-1
5

-52

9
-15
-5

-1

-27

-180

50

-7
-20

-1
-28
-2

-1

-14

-5

-2

-12

-18

-2

-3

-1
-8

-8

-8

-22

-3
-25
-10

-19

5
-15

-7

-3

-7

-9

-4

-111

21
-1

-1

-3
-30
-9

-3

-25

-21
-24

-30

-25
-23
-9

-13

-14

-143

-146

-71

-1

-50

10
-25
-28

17

11

-4

-2

-6

-3

-1

-1

-51

-1

-2

-1

-2

-60
-1

28

10

-1

24

-1

-39

-3

-6
-9
-1
-49

-1

-1

-1

136

-3
-6
-197

-2

-1

-2

-1

-1
-2

-4

-1

-1

-2

-4

-64

-57

315

695

20

-14

-73

-563

17
-9

32
-9

-400
102
-24

24

-322

142

-395

-422

-1
-1

73

-7
-8

11

-14
-10

-8
-119
-4

25

_1
-9

-1,318

-~23
-8

-1

-28

-74
-10

-1
1

-23

All other
Total foreign countries

-1
-32
-25
30

III

1970

-11

548

-11

5
-3

-11

- 1 , 309

-22

-56

317

10

"'-ii'
-385

73

136

911

695

44

-14

GOLD

1
2
3
4

Includes purchase of $36 million from the U.S.S.R.


Includes purchase of $27 million from Poland.
Represents sale of $6 million to Czechoslovakia.
Includes purchase of $13 million of Rumanian-owned gold blocked
under
Executive.Order No, 10644, issued pursuant to 69 Stat, 562.
6
Proceeds from these sales invested by the IMF in U.S. Government
securities; upon termination of the investment the IMF can reacquire
the6 same amount of gold from the United States.
Represents payment of U.S. gold subscription to the IMF.
i Includes sale of $17 million to Jordan.
8 Data are for Australia for 1961, 1962, and 1965 and for New Zealand
for9 1968, 1969, and 1970.
Represents sales by IMF to replenish its holdings of dollars.
Represents deposits of gold by the IMF to mitigate the impact on
the U.S. gold stock of foreign purchases for the purpose of making gold
subscriptions to the IMF under quota increases; since 1968 the IMF has

Digitized for FRASER


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

912

been withdrawing these deposits gradually. For list of countries


that made such purchases, see third page of Ta'ole 14.2.
11
Represents net withdrawal of deposits; withdrawal of $17 million
lessi a deposits of $14 million.
Represents U.S. payment of increase in its gold subscription to the
IMF.
13
Represents U.S. sales to other countries making gold subscription
payments to the IMF under quota increase. The U.S. sales in 1970 were
mitigated by IMF sales to the United States. The U.S. sdes in the period
1965-69 were mitigated by IMF gold deposits that are being withdrawn
gradually
by the IMF.
14
Represents sales in mitigation of U.S. sales to other countries making
gold
subscription
payments to the IMF under quota increase.
15
Represents net withdrawal of deposits; withdrawal of $14 million
less deposits of $3 million.

GOLD

14.3 GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70
[In millions of dollars]

End of quarter

Estimated
total
world i

Intl.
Monetary
Fund

United
States

Estimated
rest ofl
world

Afghanistan
Algeria

Argentina

Australia

Austria

Belgium

Bolivia

Brazil

1945 Dec.. . .

33,285

20 083

13 200

31

1 197

52

716

22

354

1946-Mar.
June .
Sept
Dec.

33 340
33 400
33 , 480
33 620

15

20 311
20 341
20,419
20 706

13 030
13 060
13,060
12 900

31
33
33
33

6
6
6
6

1
1
1
1

167
165
143
072

60
66
73
81

5
5
5
5

753
761
722
735

22
22
22
22

361
359
355
354

1947 Mar..
June
Sept.
Dec. ,

33 655
33 840
33 960
34,080

,304
344
346
,356

20 625
21 418
22 085
22,868

11 725
11 080
10 525
9,855

33
33
33
33

6
6
6
6

887
635
451
322

89
97
100
88

5
5
5
5

633
643
651
594

22
22
22
23

354
354
354
354

34 170
34 245
34,345
34 525

358
363
,403
436

23 215
23 741
24,060
24 399

9 600
9 140
8,880
8 690

33
37
37
37

6
6
6
6

266
202
166
143

87
87
86
87

10
19
19
50

589
630
643
624

23
23
23
23

354
354
317
317

1949_Mar.. ..
June . .
Sept.
Dec. .

34,655
34,785
34 890
34,980

,436
,440
450
,451

24 , 468
24,637
24 728
24,563

8,750
8,710
8 710
8,965

37
37
37
39

6
6
6
6

143
167
167
210

87
87
86
87

50
50
50
50

641
704
716
698

23
23
23
23

317
317
317
317

1950 Mar.,
June
Sept.
Dec,

35 045
35,165
35 250
35 305

,460
,460
494
' 494

24 360
24,331
23 591
22 820

9 225
9,375
10 165
10 990

39
39
39
39

6
6
6
6

210
210
210
210

88
88
87
88

50
50
50
50

681
663
599
587

23
23
23
23

318
318
318
318

1951 Mar
June.
Sept.
Dec

35 365
35,480
35 540
35 565

,495
,518
529
|530

21 927
21,872
22 164
22 873

11 940
12,090
11 845
11 160

40
40
40
40

6
6
6
6

288
288
276
267

91
98
106
112

50
50
50
50

625
580
638
635

23
23
23
23

319
319
319
319

1952 Mar.
June
Septk
Dec..

35 565
35,635
35 715
35 795

532
,537
683
692

23 428
23,533
23 526
23 252

10
10
10
10

605
565
505
850

42
42
42
42

6
6
6
6

267
267
267
287

113
113
112
112

52
52
52
52

624
669
714
704

23
23
22
21

319
320
320
320

1948 Mar.
June .
Sept. ,
Dec.

1953 Mar.
June.
Sent.
Dec. .

. . . .v
s

35
35
36
36

845
925
015
250

1 693
1 , 698
1 700
l'?02

22
22
22
22

649
521
220
091

11
11
12
12

500
705
095
460

42
42
42
42

6
6
6
6

343
363
372
372

113
112
113
117

52
52
52
52

702
696
723
776

21
21
21
21

320
321
321
321

1954 Mar.
June.
Sent,
Dec.

36
36
36
36

450
675
785
915

703
727
734
740

22
22
21
21

035
027
863
793

12
12
13
13

710
920
185
380

42
42
42
42

6
6
6
6

372
372
372
372

124
128
138
138

56
57
59
62

787
765
760
778

8
5
5
5

321
321
322
322

1955 Mar.
June.
Scot.
Dec. .

37
37
37
37

075
305
305
585

744
,745
751
808

21
21
21
21

763
730
745
753

13
13
13
14

570
830
805
025

42
42
40
40

6
6
6
6

372
372
372
372

137
140
138
144

62
62
71
71

824
839
877
928

322
322
322
323

1956 Mar.
June .
Sept.
Dec*

37
37
37
38

770
905
975
075

786
*743
711
692

21
21
22
22

765
868
032
058

14
14
14
14

220
295
230
325

40
40
40
40

6
6
6
6

372
352
258
224

154
164
106
107

71
71
71
71

953
953
972
925

323
323
323
324

1957 Mar. .
June
Sept.
Dec.

38 350
38 . 520
38 570
38 765

438
,147
,167
180

22 406
22,732
22 759
22 857

14 505
14,640
14 640
14 730

40
40
40
40

6
6
6
6

193
181
166
126

113
116
116
126

78
80
87
103

853
843
870
915

1958 Mar
June .
Sent.
Dec. .

38,915
39 065
39 245
39 440

,186
242
307
,332

22,487
21 412
20 929
20,582

15,240
16 410
17 010
17,525

40
40
40
40

6
6
6
6

126
125
114
60

136
147
154
162

03
103
136
194

998
I 140
228
270

1959 Mar.
June
Sept.
Dec.

39 595
39 , 865
40 035
40 195

1 352
1,910
2,052
2 407

20 486
19,746
19 579
19 507

17 755
18,210
18 405
18 280

40
40
40
40

6
6
6
6

57
57
57
56

163
135
143
154

212
256
291
292

246
,270
254
134

326
326
326
327

1960 Mar
June
Sept
Dec

40,360
40 560
40,655
40 535

2,454
2 515
2,564
2 439

19,457
19 363
18,725
17 804

1 8 , 450
18 680
19,365
20 290

40
40
37
36

6
6
6
6

56
55
84
104

163
149
159
147

292
292
293
293

183
191
,094
170

294
286
287
287

. ..

For notes see end of table.

Digitized for FRASER


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

913

2
2
1
1

324
324
324
324
324
325
325
325

Burma

GOLD

14.3 GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars]

End of quarter

Canada

Chile

Colombia

Congo

Cuba

Denmark

Ecuador

El
Salvador

Finland

France

Germany

G:reece

Guatemala

1945 Dec. .

354

82

127

31

191

38

21

13

1 548

28

28

1946 Mar
June
Seot.
Dec. . . .

513
540
565
536

82
83
73
65

131
134
H2
145

31
31
31
31

201
201
211
226

38
38
38
38

21
18
18
21

13
13
13
12

1,118
1,019
944
867

23
22
23
19

28
28
28
28

1947 Mar
June. . .
Sept.
Dec.

388
339
336
287

53
45
45
45

126
93
89
83

31
31
32
32

229
259
279
279

32
32
32
32

20
20
20
20

15
15
15
15

741
680
494
549

27
27
27
27

1948 Mar. .
June
Sept
Dec

314
340
371
401

45
46
44
43

86
65
62
51

37
37
37
37

279
289
289
289

32
32
32
32

20
21
21
21

15
15
15
15

4
6
6
6

550
567
548
548

16
15
15
14
9
7
6
6

1949-Mar.
June
Sept. .
Dec

408
419
450
486

44
44
43
40

50
46
49
52

37
37
51
51

289
289
299
299

32
32
32
32

21
21
21
21

14
14
17
17

6
6
6
6

548
524
537
543

4
5
5
6

27
27
27
27

1950 Mar.
June. . . .
Sept
Dec. . . .

502
510
543
580

40
40
40
40

65
68
71
74

51
51
56
60

299
299
291
271

32
31
31
31

20
19
19
19

19
20
20
23

8
10
10
12

569
565
594
662

5
5
4
2

27
27
27
27

1951 Mar.
June , . .
Sept.

Dec.

610
646
683
842

45
45
45
45

63
67
68
48

69
70
71
73

271
281
311
311

31
34
41
43

22
22
22
22

23
26
26
26

14
20
20
26

747
746
734
597

28

4
5
4
4

27
27
27
27

1952 Mar
June. .
Sept. . . .
Dec

866
884
883
885

45
42
42
42

62
64
65
76

74
75
62
80

321
318
280
214

44
44
41
48

22
22
23
23

26
30
29
29

26
26
26
26

566
586
589
582

28
92
118
140

9
9
10
10

27
27
27
27

1953 Mar
June
Sept
Dec....

906
935
960
986

42
41
42
42

82
86
86
86

77
78
79
101

196
196
196
186

61
61
61
61

23
23
23
23

29
29
29
29

26
26
26
26

597
598
593
617

185
210
259
325

10
11
11
11

27
27
27
27

1954 Mar.
June
Sept
Dec. . . .

,016
,034
,053
,073

42
42
42
42

86
86
86
85

98
117
118
115

186
186
186
186

61
61
61
61

23
23
23
23

29
29
29
29

26
31
31
31

644
695
688
708

391
418
574
626

11
11
11
11

27
27
27
27

1955 Mar
June. , . .
Sept
Dec....

,092
,106
,132
,134

43
42
42
44

85
86
86
86

115
115
116
116

186
186
186
136

61
61
61
69

23
23
23
23

29
29
28
28

31
31
32
35

768
955
1,038
942

714
761
825
920

11
11
11
11

27
27
27
27

1956Mar. .
June
Sect.
Dec. . . .

,120
,101
106
,103

43
46
45
46

85
85
57
57

116
117
122
122

136
136
136
136

69
62
61
66

23
23
22
22

28
28
28
28

35
35
35
35

1,002
1,036
955
924

1 003
1,104
I 294
1,494

11
11
11
10

27
27
27
27

1957 Mar.
June
Sept.
Dec.

,101
,103
102
100

46
43
40
40

57
58
58
62

123
116
104
81

136
136
136
136

52
51
34
32

22
22
22
22

32
31
31
31

35
35
35
35

893
867
581
581

1 756
2,029
2 399
2 542

11
11
13
13

27
27
27
27

1958 Mar.
June
Sept
Dec. . . .

,089
,077
,078
078

40
40
40
40

65
67
70
72

86
83
82
83

136
136
135
80

31
48
48
48

22
22
22
22

31
31
31
31

35
35
35
35

580
653
726
750

2 460
2,575
2,597
2 639

13
13
14
17

27
27
27
27

1959 Mar
June. . .
Sept
Dec

,072
,073
,039
960

40
40
41
43
41
42
42
45

73
74
69
71

69
63
48
42

76
75
75
50

58
63
57
57

22
20
20
20

38
38
38
38

812
899
921
1,290

2,678
2,704
2,621
2,637

20
25
26
26

27
25
24
24

73
73
75
78

38
38
38
30

19
19
3
1

57
57
57
107

20
20
20
20

31
31
30
3P
30
30
30
30

38
38
38
41

1,322
1,551
1,627
1,641

2 670
2,772
2,888
2 971

26
26
31
76

24
24
24
24

,...,

I960 Mar.
June
Sept
Dec.

:..

950
909
894
885

For notes see end of table.

Digitized for FRASER


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

914

27
27
27
27

GOLD

14.3 GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars]
End of quarter

India

Indonesia

Iran

Iraq

Ireland

Israel

Italy

Japan

Jordan

Kuwait

Lebanon

1945Dec

274

200

131

11

24

70

1946 Mar.

274
274
274
274

200
200
200
200

124
124
123
149

11
11
11
11

28
28
28
28

70
70
70
70

2
2
2
2

1947 Mar
June
Sept.
Dec

274
274
274
274

180
180
180
180

149
150
142
142

11
11
11
11

58
58
58
58

70
70
70
70

2
2
2
2

1948 Mar.
June. . ,
Sept
Dec..

274
274
264
256

180
180
180
178

142
142
140
140

11
11
11
17

58
58
58
96

73
73
73
73

2
2
2
2

1949 Mar
June
Sept. . .
Dec

247
247
247
247

178
178
178
178

140
140
140
140

17
17
17
17

100
126
256
256

74
74
74
74

(2)
(2)

1950 Mar....
June
Sept.
Dec

247
247
247
247

178
178
188
209

140
140
140
140

17
17
17
17

256
256
256
256

74
77
77
77

13
20
20
20

1951 Mar.
June. ...
Sept.
Dec

247
247
247
247

228
229
229
280

139
138
138
138

17
17
17
18

256
256
281
333

77
77
77
80

21
24
26
26

1952 Mar..
June. . . .
Sept.
Dec

247
247
247
247

280
280
280
235

138
138
138
138

18
18
18
18

346
346
346
346

98
83
83
86

27
29
29
31

1953 Mar...
June
Sept.
Dec.

247
247
247
247

208
208
163
145

137
137
137
137

18
18
18
18

346
346
346
346

87
88
88
88

33
34
35
35

1954 Mar...
June
Sept.
Dec

247
247
247
247

98
81
81
81

137
138
138
138

18
18
18
18

346
346
346
346

89
90
90
91

45
46
46
63

1955 Mar
June
Sept. .
Dec.

247
247
247
247

81
81
81
81

138
138
138
138

18
18
18
18

346
346
346
352

92
92
92
93

63
67
67
74

1956 Mar....

247
247
247
247

81

46
45

138
138
138
138

8
8
8
14

18
18
18
18

352
353
360
338

93
93
93
93

74
74
74
77

1957 Mar
June
Sept.
Dec.

247
247
247
247

43
40
41
39

138
138
138
138

14
14
14
20

18
18
18
18

10
3
2
2

364
364
428
452

93
93
93
93

84
84
84
91

1958 Mar.
June
Sept
Dec.

247
247
247
247

39
38
38
37

138
138
138
141

25
25
25
34

18
18
18
18

2
2
2
2

462
607
847
1 086

94
94
94
124

91
91
91
91

1959 Mar
June
Sent
Dec.

247
247
247
247

37
41
41
33

140
140
140
140

34
34
84
84

18
18
18
18

2
2
2
2

1 190
1 311
1 476
1,749

189
244
244
244

102
102
102
102

I960 Mar
June
Scot
Dec

247
247
247
247

33
33
33
58

131
131
131
130

84
84
84
98

18
18
18
18

1 902
1,997
2 186
2 203

244
244
247
247

102
102
102
119

June. . .
Sept
Dec.

June
Sept. .
Dec.

'

54

For notes see end of table.

Digitized for FRASER


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

915

2
13

Libya

Malaysia

GOLD

14.3 GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars}
End of quarter

Mexico Morocco

Netherlands

New
Zealand

Nigeria

Norway

Pakistan

Peru

South
Africa

Philippines

Portugal

435

914

110

442
439
433
433

1,014
1 046
970
939

111
111
111
111

Saudi
Arabia

Spain

294

270

23

80

28

1946 Mar, . .
June
Sent.
Dec.. .

257
235
213
181

6
6
6
6

270
270
265
265

23
23
23
23

80
80
88
91

28
23
24
24

1947 Mar.
June. .
Sept. . .

149
131
100
100

6
6
6
6

197
190
191
232

23
23
23
23

76
77
73
72

20
20
20
20

1
1

402
388
344
310

803
757
805
762

111
111
111
111

87
71
44
42

6
6
6
11

194
184
174
167

23
23
23
23

66
66
65
52

11
14

20
20
20
20

1
1
1
1

286
261
246
236

438
373
269
183

111
111
111
111

39
32
38
52

11
11
11
11

167
167
162
195

23
26
26
27

52
52
51
51

25
27
27
27

20
20
20
28

1
I
1
1

206
196
183
178

166

149
121
128

111
111
111
111

68
71
115
208

11
11
11
11

231
231
231
311

27
28
29
29

50
50
50
50

27
27
27
27

28
28
28
31

2
2
3
3

177
177
177
192

166
177
179
197

111
111
111
111

304
205
191
208

11
11
11
13

311
311
311
316

30
31
31
32

50
50
50
50

27
27
27
27

46
46
46
46

4
5
6
7

202
217
234
265

205
210
210
190

111
111
111
111

1952 Mar.
June . .
Sect.
Dec. .

185
70
87
144

13
13
13
16

340
344
326
544

32
33
33
33

50
50
50
50

38
38
38
38

46
46
46
46

7
8
9
9

274
274
286

169
148
158
170

111
111
111
127

1953 Mar.
June . ,
Seot,
Dec.

179
172
155
158

16
16
16
17

605
615
723
737

33
33
33
33

55
55
55
52

38
38
38
38

46
46
45
36

9
9
9
9

305
324
337
361

174
175
175
176

128
130
130
130

1954 Mar.
June. .
Scot.
Dec. . .

162
57
60
62

17
17
17
19

772
777
796
796

33
33
33
33

47
47
45
45

38
38
38
38

36
36
35
35

9
9
9
9

386
393
416
429

177
187
195
199

130
132
132
132

1955 Mar.
June, ,
Sept.. .
Dec. . .

64
78
141
142

19
21
21
21

798
804
804
865

33
33
33
33

45
45
45
45

38
38
48
48

35
35
35
35

10
11
13
16

438
436
427
428

203
212
214
212

132
132
132
132

1956 Mar.
June, .
Sept.
Dec. . .

164
165
166
167

21
21
23
23

875
853
854
844

33
33
33
33

45
45
46
50

48
49
49
49

35
35
35
35

17
18
20
22

431
436
442
448

16

212
215
214
224

132
132
132
132

, 1957 Mar.
June, ,
Sept. . .
Dec. . .

166
165
182
180

23
23
23
23

814
806
700
744

33
33
33
33

45
46
45
45

49
49
49
49

35
35
35
28

23
26
20
6

461
458
467
461

17
17
17
17

233
234
215
217

132
132
132
101

1958-Mar.
June. .
Sept. .
Dec.

158
153
147
143

23
23
23
16

847
910
956
1 050

33
33
33
33

43
43
43
43

49
49
49
49

20
20
20
19

8
11
14
10

454
474
486
493

17
17
17
17

193
159
188
211

101
101
101
57

1959 Mar. .
June
Sept. . ,
E>ec.. .

142
160
165
142

16
16
24
23

1,164
1 164
l[l62
1,132

34
34
34
34

43
43
30
30

49
50
50
50

19
19
19
28

7
10
7
9

501
512
525
548

17
17
17
17

193
201
225
238

57
57
57
68

I960 Mar
June .
Sept.
Dec. . .

142
142
121
137

23
23
23
29

1 164
1,231
1 346
1,451

34
34
35
35

30
30
30
30

52
52
52
52

28
28
27
42

12
16
13
15

549
549
550
552

16
16
18
18

256
240
204
178

78
78
98
178

1945 Dec. . .

Dec.

1948 Mar.. .

June. . .
Sent.
Dec. . .
1949 Mar.
June.

Sept. . .
Dec.

1950 Mar. .

June. . .
Sent.
Dec. . .
1951 Mar.
June . .
Sept

Dec. . .

For notes see end of table.

Digitized for FRASER


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

916

277

GOLD

14.3 GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars]
Venezuela

Yugoslavia

Bank
for Intl.
Settle-3
ments

195

202

63

33

195
204
205
200

212
215
215
215

63
63
63
63

34
34
33
26

2 245
2,345
2,261
1,991

197
189
183
175

235
235
215
215

63
63
63
63

21
21
23
25

53
53
53
53

2,092
1,765
1 701
1,596

200
203
181
164

240
263
304
323

63
63
36
26

34
24
32
31

162
160
159
154

53
53
53
53

656
,531
,257
322

164
161
177
178

323
323
373
373

22
22
14
7

42
51
48
54

118
118
118
118

154
149
146
150

80
83
98
98

478
604
2! 321
2 862

190
189
217
236

373
373
373
373

7
8
8
9

56
46
46
53

33
33
33
34

118
115
113
113

150
150
150
151

118
143
174
174

3,326
3 480
3,094
2 173

295
280
252
221

373
373
373
373

9
9
10
10

61
70
40
47

26
65

11
12
12
14

35
36
36
36

113
113
113
113

150
150
146
143

174
174
174
174

,492
,406
352
,481

211
211
211
207

373
373
373
373

10

11
11

12

44
44
60
47

154
216
184
158

,418
,441
,456
,459

15
15
15
14

41
41
41
42

113
113
113
113

144
144
143
143

174
174
174
174

,842
,938
2,122
2,262

217
222
222
227

373
373
373
373

12
13
13
13

78
63
70
75

153
153
153
153

218
219
219
265

,469
,469
,503
,513

15
15
15
17

42
42
42
42

113
113
113
113

144
144
144
144

174
174
174
174

2,360
2,531
2,531
2,528

227
227
227
227

373
403
403
403

13
14
14
14

71
71
76
76

153
153
153
153

1955 Mar
June
Sept
Dec

265
264
264
276

,499
,485
,513
,597

16
16
19
19

42
42
42
43

113
113
112
112

144
144
144
144

174
174
174
174

2,472
2 428
2,041
2,013

227
227
216
216

403
403
403
403

15
15
15
16

99
111
112
121

153
153
212
244

1956 Mar
June
Sept
Dec. . . .

273
257
263
266

,608
,571
634
1^664

19
19
19
19

41
41
41
42

112
112
112
112

144
144
144
144

174
174
174
188

2,002
2,080
2 041
1,772

216
216
214
186

403
403
403
603

16
17
17
18

105
68
37
59

262
282
244
268

252
231
235
219

1,625
1,622
1,713
1,706

19
19
19
24

42
42'
42
42

112
112
112
112

144
144
144
144

188
188
188
188

1,882
1,901
1,649
1,554

183
183
183
180

669
669
719
719

18
18
19
14

30
27
12
24

199
138
229
254

203
204
204
204

1,708
1,857
1,934
1,925

24
24
24
24

42
43
43
43

112
112
112
112

144
144
144
144

174
174
174
174

2,153
2,685
2,710
2,808

180
180
180
180

719
719
719
719

14
14
15
17

26
-18
-40
42

126
126
126
126

204
205
191
191

1,935
1,909
1 900
1,934

24
24
19
19

41
41
41
41

112
112
112
104

144
144
144
133

174
174
174
174

2,761
2,808
2,909
2,514

180
180
180
180

719
719
719
652

17
10
10
10

-45
24
9
-134

25
24
26
40

171
171
171
170

1,777
1,774
1,980
2,185

19
19
19
19

41
41
41
41

104
104
104
104

133
133
133
134

174
174
174
174

2,453
2,520
2,638
2,800

180
180
180
180

652
512
462
401

10
7
6
4

17
-103
79
-19

39
48
53
55

Sweden

Switzerland

1945 Dec.

482

1 342

1946 Mar
June
Sept.
Dec

478
473
472
381

,361
,376
412
,430

1947 Mar.
June
Sept
Dec

265
168
93
105

432
,355
,386
,356

1948 Mar
June
Sept.
Dec. . . .

97
85
81
81

1949Mar.
June
Sept
Dec...
1950 Mar.
June
Sept
Dec. .

Turkey

U.A.R.
(Egypt)

86

241

52

1 971

86
86
86
78

241
240
237
237

52
52
52
53

2,011
2,120
2 293
2,410

1
1
1
1

78
78
78
78

233
191
169
170

53
53
53
53

,353
,345
371
,387

1
1
1

78
78
78
78

171
164
160
162

80
71
70
70

408
1419
,485
504

1
1
1
3

85

78
78
78
118

69
71
87
90

527
!559
,529
470

3
4
5
5

65
50
40
33

1951Mar
June . .
Sept
Dec.

114
129
128
152

,448
,451
,446
452

6
10
11
11

1952 Mar
June
Sept.
Dec

214
213
202
184

,432
,408
,404
,411

1953 Mar.
June
Sept.
Dec

194
193
206
218

1954 Mar
June
Sept
Dec

End of quarter

1957 Mar
June . . .
Sept.
Dec
1958 Mar.
June
Sept.
Dec.

...

1959Mar
June
Sect
Dec
1960 Mar
June. . .
Sept
Dec

...

Syria

Taiwan

Thailand

For notes see end of table.

Digitized for FRASER


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

917

United
Kingdom

Uruguay

EPUEF'

GOLD

14,3 GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars]

End of quarter

Estimated
total
world l

Intl.
Monetary
Fund

United
States

Estimated
rest ofl
vyorld

Afghanistan
Algeria

Argentina

Australia

Austria

Belgium

Bolivia

Brazil

Burma

1961 Mar.
June
Sept
Dec.

40,635
40,945
40,960
41,120

2,476
2,482
2,046
2,077

17 433
17,603
17,457
16 947

20 725
20,860
21,455
22 095

37
37
37
36

6
6
6
6

188
192
191
190

150
155
152
162

293
293
298
303

,132
,074
,165
,248

1
1
1
1

287
288
288
285

1962 Mar.
June
Sept.
Dec.

41 230
41 , 290
41 , 265
41 475

2 098
2,110
2,175
2 194

16 643
16 527
16,081
16 057

22
22
23
23

490
655
010
225

36
36
36
36

6
6
6
6

164
102
71
61

167
177
184
190

344
363
419
454

297
,335
,341
365

1
2
2
3

285
286
286
225

5
17
42

1963 Mar
June
Sept.
Dec. .

41 615
41^755
41 885
42,300

2 226
2,244
2 304
2^312

15 946
1 5 , 830
15 634
15 596

22 445
23 , 680
23 945
24 390

36
36
36
36

6
6
6
6

52
51
49
78

198
200
202
208

484
504
504
536

372
'373
367
,371

2
2
2
2

208
179
179
150

42
42
42
42

1964 Mar.
June
Sept
Dec.

42 390
42 , 905
43,025
43 015

2 328
2,359
2,425
2 179

15 550
15 623
15,643
15 471

24 510
24 925
24,955
25 365

36
36
36
36

6
6
6
6

76
74
73
71

211
218
223
226

569
592
592
600

376
,392
,395
451

2
3
4
5

150
120
120
92

42
42
42
84

42,750
42, 965
542,935
6
43 , 230

2,189
B 1,832
e6 1,865
1 , 869

14 639
14,049
13 925
1 3 , 806

25,920
26,825
26 875
27 , 285

36
36
36
35

6
6
6
6

70
68
67
66

229
230
222
223

625
663
700
700

,484
,563
,554
,558

5
6
6
7

92
62
63
63

84
84
84
84

43 270
43 , 295
43 230
43,185

2,358
2,562
2 645
2,652

13 738
13 529
13 356
13,235

27 175
27 205
27 230
27,305

35
35
35
35

6
6
6
6

65
64
74
84

223
222
225
224

700
700
701
701

,556
,555
527
,525

5
6
7
7

45
45
45
45

84
84
84
84

43 120
42,980
42 955
41 600

2,652
2,669
2 679
2,682

13 184
13,169
13 077
12 065

27 285
27,140
27 200
26 855

35
35
33
33

6
6
6
155

84
84
84
84

228
229
228
231

701
701
701
701

,524
,522
,514
,480

g
8
9
9

45
45
45
45

84
84
84
84

1968 Mar.
June
Sept
Dec

40 240
40,510
40 , 730
40,910

2 711
2,210
2,296
2,288

10 703
10,681
10,755
10,892

26 825
27 620
27 , 680
27,730

33
33
33
33

155
155
205
205

84
89
104
109

233
257
258
257

701
714
714
714

,418
,512
,524
,524

10
10
10

45
45
45
45

84
84
84
84

1969 Mar
June
Sept.
Dec.

41,050
40 965
40,895
41 010

2,295
2,257
2,258
2 310

10,836
11 153
11,164
11 859

27 , 920
27 555
27,475
26 840

33
33
33
33

205
205
205
205

109
110
120
135

256
258
257
263

714
715
715
715

,522
,522
,520
,518

11
11

12

45
45
45
45

84
84
84
84

1970 Mar
June
Sept
Dec.

41 205
41 , 170
41,180
41,275

2 512
2,544
2,825
4,339

11 903
1 1 , 889
11,494
11 072

26 790
26,740
26,860
25 865

33
33
33
33

205
205
205
191

140
140
140
140

269
270
282
239

714
714
714
714

,520
,520
,530
,470

12
12
12
13

45
45
45
45

84
84
63
63

1965 Mar.
June
Sept.
Dec.

1966 Mar.
June
Sent.
Dec
1967 Mar.
June. .
Sent
Dec.

...

For notes see end of table.

Digitized for FRASER


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

918

11
11

GOLD

14.3 GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars]

End of quarter

Canada

Chile

Colombia

Congo

Cuba

Denmark

Ecuador

El
Salvador

Finland

France

Germany

Greece

Guatemala

1961 Mar
June
Scot.
Dec. . . .

884
906
927
946

44
47
48
48

80
83
85
88

32
32
32
6

107
107
107
107

20
20
20
19

30
22
17
18

41
45
45
47

1 883
2 020
2,124
2,121

3 242
3 513
3 644
3,664

76
77
77
87

24
24
24
24

1962 Mar.
June . . .
Sept
Dec.

964
669
689
708

46
45
43
43

91
93
83
57

5
1
1

107
107
107
92

19
19
19
19

18
18
18
18

61
62
61
61

2 171
2,270
2,481
2 587

3 666
3,667
3,668
3 679

91
96
86
77

24
24
24
24

1963 Mar
June
Sept.
Dec

732
755
775
817

42
43
43
43

59
60
61
62

1
1
1
J

92
92
92
92

19
19
19
19

18
18
18
18

61
61
61
61

2 709
2 814
3,031
3 175

3
3
3
3

749
753
761
843

77
77
77
77

24
23
23
23

1964 Mar.
June
Sept.
Dec. . . .

871
931
990
1 026

43
43
43
43

63
65
57
58

2
3
3
3

92
92
92
92

18
11
11
11

18
18
18
18

66
65
65
85

3 298
3,451
3 564
3 729

3 953
4,081
4 149
4 248

77
77
93
77

23
23
23
23

1965 Mar.
June
Sept.
Dec. . . .

1 044
1,089
1 112
1 151

43
42
44
44

60
31
33
35

3
3
3
3

92
97
97
97

11
11
11
11

19
19
18
18

85
85
85
84

4 197
4,433
4 556
4 706

4
4
4
4

243
378
390
410

82
84
78
78

23
23
22
22

1966 Mar.
June
Sept
Dec....

1 086
1,024
1,009
1 046

43
43
45
45

23
24
25
26

3
3
3
3

102
108
108
108

11
11
11
11

18
18
18
18

58
55
55
45

4 806
5 026
5,241
5 238

4 402
4 310
4,295
4 292

108
109
116
120

20
20
20
20

1967 Man
June
Sept.
Dec, . . .

1 084
1,066
1 099
1 015

46
47
46
45

28
29
30
31

4
4
4
4

108
108
108
107

11
11
11
17

18
18
18
18

48
47
47
45

5 240
5,235
5 234
5 234

4
4
4
4

294
292
284
228

123
149
130
130

20
20
20
20

1968 Mar.
June
Sept.

976
926
863
863

45
45
45
46

32
33
32
31

12
12
12
13

107
113
113
114

37
34
29
26

18
18
18
18

45
46
45
45

5
4
4
3

235
739
166
877

3
4
4
4

972
312
456
539

134
142
140
140

20
20
20
20

1969 Mar
June
Sept.
Dec.

863
866
872
872

46
47
47
47

30
29
27
26

33
43
63
55

114
89
89
89

22
22
22
22

18
18
18
17

45
45
45
45

3
3
3
3

827
552
545
547

4
4
4
4

541
563
597
079

132
130
130
130

20
20
20
20

1970 Mar
June
Sept
Dec.

879
880
880
791

47
48
47
47

27
26
26
17

55
55
55
50

89
89
89
65

22
22
22
19

17
17
17
17

45
45
45
29

3
3
3
3

544
543
537
532

4
4
4
3

079
080
081
980

120
120
119
117

20
20
20
18

Dec....:: :"

For notes see end of table.

Digitized for FRASER


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

919

GOLD

14.3

GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars]

End of quarter

India

Indonesia

Iran

Iraq

Ireland

Israel

Italy

Japan

Jordan

Kuwait

Lebanon

Libya

Malaysia

1961 Mar
June
Sept.
Dec

247
247
247
247

57
57
43
43

130
130
130
130

98
84
84
84

18
18
18
18

4
10

2 128
2 134
2 226
2 225

247
247
272
287

43

119
140
140

1962 Mar
June
Sept
Dec. . .

247
247
247
247

43
44
44
44

129
129
129
129

98
98
98
98

18
18
18
18

20
20
41
41

2,229
2,242
2 241
2 243

287
287
289
289

43
46
46
49

140
151
172
172

3
3

1963 Mar.
June
Sept
Dec....

247
247
247
247

44
44
43
35

129
129
142
142

98
98
98
98

18
18
18
18

41
46
53
60

2 286
2 289
2 291
2 343

289
289
289
289

52
49
43
48

172
172
172
172

3
6
6
7

3
3
5
g

1964 Mar.
June. . .
Sept
Dec.

247
247
247
247

141
141
141
141

98
112
112
112

18
18
18
19

62
56
56
56

2 143
2 148
2 104
2 107

289
290
290
304

50
50
46
48

172
172
172
183

9
10
16
17

7
7
7
7

281
281
281
281

141
141
141
146

102
112
109
109

19
20
20
21

56
56
56
56

2 093
2,384
2 390
2 404

304
327
327
328

3
3
3
3

49
49
49
52

182
182
182
182

28
68
68
68

7
2
2
2

1966Mar.
June ....
Sept,
Dec.

243
243
243
243

132
132
131
130

105
105
105
105

22
22
23
23

46
46
46
46

2 369
2 369
2 356
2 414

328
329
329
329

3
3
3
3

58
61
62
67

193
193
193
193

68
68
68
68

1967 Mar.
June
Sept.
Dec. . .

243
243
243
243

145
145
145
144

106
94
94
115

23
24
24
25

46
46
46
46

2 416
2 412
2 401
2 400

330
330
335
338

3
3
3
3

73
89
89
136

193
193
193
193

68
68
68
68

2
2
\
1
1
1
6
31

1968 Mar.
June
Sept.
Dec

243
243
243
243

166
166
158
158

165
193
193
193

37
71
82
79

46
46
46
46

2 376
2 673
2 784
2 923

341
355
355
356

15
22
22
30

125
133
110
122

267
288
288
288

85
85
85
85

42
66
66
66

1969 Man
June
Sept.
Dec

243
243
243
243

158
158
158
158

193
193
193
193

79
79
64
39

46
46
46
46

2 924
2 937
2 954
2 956

357
363
371
413

30
30
30
30

123
120
103
86

288
288
288
288

85
85
85
85

65
64
64
63

1970 Mar.
June
Sept.
Dec

243
2^3
243
243

158
158
148
131

151
151
151
144

38
26
26
16

46
46
45
43

2 978
2,982
2 983
2 887

469
472
530
532

30
30
30
28

86
86
86
86

288
288
288
288

85
85
85
85

63
63
63
48

1965 Mar
June
Sept.
Dec

". .

For notes see end of table.

Digitized for FRASER


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

920

119

GOLD

14.3 GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars]
End of quarter

Mexico

Morocco

NetherNew
lands Zealand Nigeria Norway

1961 Mar.
June. . .
Sept
Dec.

136
117
116
112

29
29
29
29

1 451
1,464
1,581
I 581

1962=-Mar.
June
Sept. .
Dec.

109
106
97
95

29
29
29
29

1 581
581
,581
581

1963 Mar
June
Sept.
Dec

94
92
94
139

29
29
29
29

1964 Mar,
June
Sept.
Dec

156
168
170
169

1965 Mar.
June
Sept
Dec

Pakistan

Peru

Philippines

Portugal

Saudi
Arabia

South
Africa

Spain

20

30
30
30
30

53
53
53
53

47
47
47
47

19
21
22
27

539
473
437
443

28
53
65
65

196
153
205
298

205
217
211
316

20
20
20
20

30
30
30
30

53
53
53
53

47
47
47
47

30
34
37
41

446
454
469
471

78
78
78
78

379
432
488
499

351
409
428
446

581
581
,581
,601

20
20
20
20

30
30
31
31

53
53
53
53

47
47
57
57

45
21
25
28

478
478
497
497

78
78
78
78

551
598
643
630

514
574
574
573

29
34
34
34

,601
,601
601
1688

20
20
20
20

31
31
31
31

53
53
53
53

57
67
67
67

23
26
30
23

499
508
523
523

78
78
78
78

627
607
589
574

573
575
576
616

170
165
161
158

34
34
31
21

,723
756
,756
,756

20
20
20
20

31
31
31
31

53
53
53
53

67
67
67
67

27
31
34
38

538
547
560
576

78
74
73
73

498
375
342
425

706
780
810
810

1966Mar
June
Sept.
Dec

134
141
136
109

21
21
21
21

1 756
1 730
1,730
1 730

20
20
20
20

31
18
18
18

53
53
53
53

67
65
65
65

42
45
49
44

595
607
627
643

69
69
69
69

520
640
664
637

785
785
785
785

1967 Mar
June
Sent
Dec.

112
160
155
166

21
21
21
21

1 731
1,731
1 731
1 711

20
20
20
20

18
18
18
18

53
53
53
53

55
30
20
20

47
53
57
60

650
661
690
699

69
69
69
69

540
468
489
583

784
784
785
785

1968 Mar
June
Sept
Dec.

156
165
165
165

21
21
21
21

654
!697
,697
,697

11
20
20
20

18
24
24
24

54
54
54
54

20
20
20
20

64
67
62
62

711
716
853
856

69
94
119
119

742
975
1,069
1,243

785
785
785
785

1969 Mar.
June. . .
Sent.
Dec

165
166
168
169

21
21
21
21

,698
,703
,711
,720

20
20
20
20

24
24
25
25

54
54
54
54

25
25
25
25

65
52
45
45

856
860
872
876

119
119
119
119

1,367
1,264
1,093
1,115

785
785
785
784

1970 Mar.
June
Sept.
Dec

170
171
176
176

21
21
21
21

,730
,730
,801
,787

20
20
20
20

27
27
34
24

54
54
54
- 54

40
40
40
40

47
50
56
56

890
890
902
902

119
119
119
119

1,002
942
921
666

784
784
534
498

35
35

For notes see following page.

Digitized for FRASER


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

921

GOLD

14.3

GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS,


END OF QUARTER, 1945-70Continued
[In millions of dollars]

End of quarter

Sweden Switzerland

Syria

Taiwan

Thailand

Turkey

U.A.R.
(Egypt)

United
Kingdom

Uruguay

Venezuela

Yugoslavia

Bank
for Intl.
Settle-s
ments

EF

170
170
180
180

2 165
2 271
2 472
2 560

19
19
19
19

43
43
43
43

104
104
104
104

134
134
139
139

174
174
174
174

2 624
2,433
1 999
2 268

180
180
180
180

401
401
401
401

5
5
5
6

48
-17
164
:115

78
65
50
56

1962 Mar.
June
Sept.
Dec.. ,

181
182
181
181

2 444
2 409
2 453
2 667

19
19
19
19

43
43
43
43

104
104
104
104

140
140
140
140

174
174
174
174

2 405
2,618
2 517
2 582

180
180
180
180

401
401
401
401

6
6
3
4

'171
203
200
--SO

61
47
62
56

1963 Mar.
June. .
Sept
Dec.

181
182
182
182

2 461
2 530
2 501
2 820

19
19
19
19

46
46
46
50

104
104
104
104

140
130
107
115

174
174
174
174

2 447
2 447
2,506
2 484

180
171
171
171

401
401
401
401

4
5
11
14

'107
78
-I
-279

41
43
42
47

1964 Mar
June
Sept.
Dec

182
182
182
189

2 542
2,599
2 532
2 725

19
19
19
19

51
54
55
55

104
104
104
104

115
115
105
104

174
174
174
139

2,458
2,439
2,302
2,136

171
171
171
171

401
401
401
401

15
15
16
17

22
40
66
-50

47
28
28
43

1965 Mar
June
Sept.
Dec

189
202
202
202

2 702
2,789
2 656
3,042

19
19
19
19

55
55
54
55

104
96
96
96

115
126
116
116

139
139
139
139

2,111
2,226
2,139
2,265

171
171
171
155

401
401
401
401

17
18
18
19

-104
-249
-145

-:>S8

53
54
54
64

2,036
2,041
,940
,940

155
155
155
146

401
401
401
401

20
20
20
21

-30
-191
-299
-424

34
36
35
51

1961 Mar
June
Sept
Dec

1966 Mar. .
June
Sept.
Dec

202
203
203
203

2 652
2,648
2 681
2 842

19
19
19
19

55
59
59
62

92
92
92
92

116
116
100
102

139
139
139
93

1967 Mar
June
Sept.
Dec

203
203
203
203

2 679
2,831
2 841
3,089

19
19
19
19

74
81
81
81

92
92
92
92

97
96
97
97

93
93
93
93

,677
,708
,831
,291

146
146
146
140

401
401
401
401

21
22
22
22

15
-266
-364
-624

60
37
37
42

1968 Mar
June
Sept. . . .
Dec

203
225
225
225

2,603
2 656
2 628
2,624

19
28
28
28

81
81
81
81

92
89
92
92

97
97
97
97

93
93
93
93

,493
474
,486
,474

133
133
134
133

401
403
403
403

22
23
44
50

-345
-333
-265
-349

42
24
24
30

1969 Mar
June . , .
Sept
Dec.

225
225
226
226

2,645
2 643
2,642
2 642

28
28
28
28

81
81
81
82

92
92
92
92

97
97
107
117

93
93
93
93

,476
,474
,459
,471

136
136
165
165

403
403
403
403

50
50
50
51

-284
--285
-285
-480

39
46
46
52

1970 Mar.
June ....... .
Sept.
Dec

224
225
225
200

2 659
2 670
2 720
2 732

28
28
28
28

82
82
82
82

92
92
92
92

127 127
127
127

93
93
93
85

,468
,469
454
,349

165
165
!65
162

404
404
404
384

51
51
52
52

-;?07
-;516
-303
-282

58
61
65
45

1
Includes reported or estimated gold holdings of international and
regional organizations, central banks and governments of countries listed
in this table and also of a number not shown separately here, and gold to be
distributed by the Tripartite Commission for the Restitution of Monetary
Gold; excludes holdings of the U.S.S.R., other Eastern European countries, and China Mainland.
The figures included for the Bank for International Settlements are
the Bank's gold assets net of gold deposit liabilities. This procedure
avoids the overstatement of total world gold reserves since most of the
gold deposited with the BIS is included in the gold reserves of individual
countries.
2
Not available.

Digitized for FRASER


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

922

3
Net gold assets of BIS, i.e., gold in bars and coins and other gold
assets
minus gold deposit liabilities.
4
European Payments Union through December 1958 and European
Fund
thereafter.
5
Adjusted to include gold subscription payments to the IMF made by
some member countries in anticipation of increase in Fund quotas, except
those matched by gold mitigation deposits with the United States and
United Kingdom; adjustments are as follows: 1965June, $259 million;
September,
$268 million; December, $270 million.
G
Excludes gold subscription payments made by some member countries
in anticipation of increase in Fund quotas; for most of these countries
the increased quotas became effective in February 1966.

Section 15

INTERNATIONAL FINANCE
Contents
INTRODUCTION

927

INTERNATIONAL CAPITAL
TRANSACTIONS OF THE
UNITED STATES

927

REPORTING COVERAGE

928

DEFINITIONS

928

COMPARABILITY OF FIGURES

929

DESCRIPTION OF TABLES

929

MONEY AND EXCHANGE RATES


OF FOREIGN COUNTRIES

930

MONEY RATES

930

FOREIGN EXCHANGE RATES

Digitized for FRASER


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

931

923

Tables

15.1

U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and


Liquid Liabilities to All Other Foreigners, Varying Dates,
1949-70
__
932
15.2
U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign
Countries, by Area, End of Month, 1963-70 _ _ _ _ _ _ _ 934
15.3
Short-Term Liabilities to Foreigners Reported by Banks in the United States,
by Type, Varying Dates, 1942-70
,. .._. 936
15.4
Short-Term Liabilities to Foreigners Reported by Banks in the United States,
By Country, End of Quarter, 1942-60; End of Month, 1961-70_^
946
15.5
Long-Term Liabilities to Foreigners Reported by Banks in the United States,
End of Month, 1962-70
_
_
_ 965
15.6
Estimated Foreign Holdings of Marketable U.S. Government Bonds and
Notes, End of Quarter, 1949-70
- 967
15.7
Nonmarketable U.S. Treasury Bonds and Notes Issued to Official Institutions of Foreign Countries, End of Month, 1962-70
974
15.8
Short-Term Claims on Foreigners Reported by Banks in the United States,
by Type, End of Quarter, 1942-60; End of Month, 1961-70 _
976
15.9
Short-Term Claims on Foreigners Reported by Banks in the United States,
by Country, End of Quarter, 1942-60; End of Month, 1961-70
979
15.10 Long-Term Claims on Foreigners Reported by Banks in the United States,
Varying Dates, 1942-70
.
995
15.11 Purchases and Sales by Foreigners of Long-Term Securities, by Type,
Varying Periods, 1942-70
.
___
.
998
15.12 Net Purchases or Sales by Foreigners of U. S. Corporate Stocks, by Country, Varying Periods, 1 Q4S-70
. _ 1002
15.13 Net Purchases or Sales by Foreigners of U.S. Corporate Bonds, by Country, Varying Periods, 1950-70
___
________ 1005

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924

15.14 Net Purchases or Sales by Foreigners of Long-Term Foreign Securities, by


Area, Varying Periods, 1942-70
.
1008
15.15 Liabilities of U.S. Banks to Their Foreign Branches, Wednesday Dates,
1962-70
__
_
1012
15.16 Deposits, U.S. Government Securities, and Gold Held at Federal Reserve
Banks for Foreigners, End of Year, 1945-51; End of Month,
1952-70
1014
15.17 Short-Term Liquid Claims on Foreigners Reported by Nonbanking Concerns, End of Year, 1966-67; End of Month, 1968-70
1015
15.18 Short-Term Liabilities to and Claims on Foreigners Reported by Nonbanking Concerns, by Type, End of Year, 1946-60; End of Quarter,
1961-70
:
. 1016
15.19 Short-Term Claims on Foreigners Reported by Nonbanking Concerns, by
Country, End of Year, 1949-60; End of Quarter, 1961-70
1017
15.20 Long-Term Claims on Foreigners Reported by Nonbanking Concerns, by
Country or Area, End of Year, 1946-60; End of Quarter,
1961-70
.
1023
15.21 Short-Term Liabilities to Foreigners Reported by Nonbanking Concerns, by
Country, End of Year, 1949-60; End of. Quarter, 1961-70 _
1024
15.22 Long-Term Liabilities to Foreigners Reported by Nonbanking Concerns, by
Country or Area, End of Year, 1946-60; End of Quarter,
1961-70
.
,
1029
:
15.23 Money Rates in Selected Foreign Countries, Monthly, 1941-70
^__
1030
15.24 Foreign Exchange Rates, by Country, Annually and Monthly, 1941-70 ____^_ 1035

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925

INTERNATIONAL FINANCE

Section 15

INTRODUCTION
The material in this section is divided into
two parts. The first, describing Tables 15.115.22, relates to international capital transactions of the United States; the second,

describing Tables 15.23 and 15.24 relates to


money market rates in selected foreign countries
and exchange rates for selected foreign currencies.

INTERNATIONAL CAPITAL TRANSACTIONS OF THE UNITED STATES


Data relating to the international capital
transactions of the United States have been
collected since 1935, in accordance with Executive Orders No. 6560, dated January 15, 1934,
and No. 10033 dated February 8, 1949, and
Treasury regulations thereunder. The data are
reported on Treasury foreign exchange forms
and are collected by the Federal Reserve Banks.
The report forms and instructions used in the
collection of the statistics have been revised
a number of times. The latest general revision
became effective with reports as of May 31,
1963. Occasional changes are made in certain

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breakdowns or country listings. The following


paragraphs describe the composition of the
series as of the end of 1970.1 For the most part
the paragraphs on reporting coverage and definitions have been taken from the monthly
Treasury Bulletin.
1

The names of several countries have changed


since 1970. The following lists the old and new
names: Soviet Zone of Germany to German Democratic Republic; Ceylon to Sri Lanka; China Mainland to People's Republic of China; Taiwan to Republic of China; Southern Yemen to Yemen (Aden);
Congo (Kinshasa) to Zaire; and U.A.R. (Egypt) to
Egypt.

927

International Finance

REPORTING

year by the Department of Commerce hi the


Survey of Current Business.

COVERAGE

Reports are required from three groups


banks (including Federal Reserve Banks), securities brokers and dealers, and nonbanking concerns in the United Statesincluding the
branches, agencies, subsidiaries, and other affiliates in the United States of foreign banks or
other firms. Institutions that have total reportable liabilities, claims, or securities transactions
below a specified exemption level, based on the
average for the report dates during a 6-month
period including the current report date, are
not required to report.
Banks file reports monthly covering their
short-term and their long-term liabilities to
and claims on foreigners; an exemption of
$500,000 for each reporting institution is applicable to reports in each of these four categories. Twice a year banks also report their
short-term dollar liabilities to foreigners in
countries not shown separately on the monthly
report of liabilities. Banks, securities brokers
and dealers, and certain nonbanking concerns
report monthly their transactions in securities
with foreigners; for such transactions the applicable exemption level for a reporter is
$100,000.
Exporters, importers, industrial and commercial concerns, financial institutions other
than banks and brokers, and other nonbanking
firms file reports quarterly if either their liabilities or claims are $500,000 or more. They also
report the liquid portion of their claims for each
month-end on which they have reportable
claims of $1 million or more.
The data published in this section do not
cover all types of reported capital movements
between the United States and foreign countries. The principal exclusions are the intercompany capital transactions of business enterprises in the United States with their own
branches and subsidiaries abroad or with their
foreign parent companies, and capital transactions of the U.S. Government. Consolidated
data on all types of capital transactions are
prepared by the Department of Commerce as
a part of the U.S. balance of payments accounts. These data are published four times a

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DEFINITIONS
The term "foreigners" as used in the Treasury reports covers all institutions and individuals domiciled outside the United States (including U.S. citizens domiciled abroad) and
the foreign branches, subsidiaries, and offices
of U.S. banks and business concerns; the central governments, central banks, and other
official institutions of foreign countries, wherever located; and international and regional
organizations, wherever located. The term
"foreigners" also includes persons in the
United States when it is known by reporting
institutions that they are acting on behalf of
foreigners.
In general, data are reported opposite the
foreign country or geographical area in which
the foreigner is domiciled, as shown on the
records of the reporting institution. For a number of reasons, however, the geographical
breakdown of the reported data may not reflect the ultimate ownership of the assets. Because reporting institutions are not expected
to go beyond the addresses shown on their
records, they may not be aware of the country
of domicile of the ultimate beneficiary, Furthermore, to some extent U.S. deposit liabilities
recorded as owed to foreign commercial banks
of a given country represent deposits with those
banks by foreign official institutions or residents of other countries,
Data for branches or agencies of foreign
official institutions are reported opposite the
country to which the official institution belongs.
Data for international and regional organizations are reported opposite the appropriate
international or regional classification except
for the Bank for International Settlements and
the European Fund, which are included in the
classification "other Western Europe." Other
international and regional organizations are
principally the International Bank for Reconstruction and Development and the InterAmerican and Asian Development Banks.
928

Section 15

For purposes of the reports the United


States constitutes the States, the District of
Columbia, the Commonwealth of Puerto Rico,
American Samoa, the Canal Zone, Guam, Midway Island, Virgin Islands, and Wake Island.
Short-term obligations are those payable
on demand or having an original maturity of
1 year or less. Long-term obligations are those
having an original maturity of more than 1
year; securities having no contractual maturity
are included in this maturity group.

COMPARABILITY OF FIGURES
Attempts have been made to present comparable statistics in each table, but this has not
always been possible because of changes in
the reporting practices of banks and because of
revisions in the Treasury foreign exchange
forms. There were major revisions of the foreign exchange forms in July 1942, in January
1950, and in May 1963.
In July 1942 the reporting basis for liabilities to and claims on foreigners as reported by
banks and for securities transactions was
changed from weekly to monthly. Other
changes were: (1) The classification of official
foreigners was broadened to include agencies
of central governments and special deposit
accounts held with the U.S. Treasury as well as
central banks and central governments. And
(2) banks in all Federal Reserve districts began reporting liabilities to official institutions
separately; until then only certain banks in
New York City had reported.
Beginning in January 1950 the following
details were provided concerning the types of
holders and the specific types of holdings or
transactions: Short-term liabilities to private
foreigners were broken down to show those
to banks and those to other foreigners; data
on items held for collection were separated
from other short-term claims on foreigners;
and transactions in domestic bonds were
broken down between U.S. Government bonds
and notes and corporate bonds.
Beginning in May 1963 "other Europe"
was broken into "other Western Europe" and

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"other Eastern Europe." Two categories


(1) "other Latin American republics" and (2)
Bahamas and Bermuda combinedwere taken
out of "other Latin America" and shown separately. The category "all other countries" was
broken down into "Africa" and "all other."
"Acceptances made for account of foreigners"
was taken out of "other short-term claims
payable in dollars" and shown separately;
"foreign government securities and commercial and finance paper" was taken out of
"other short-term claims payable in foreign
currencies" and shown separately. "Total longterm claims on foreigners" was broken down
to show separately (1) "loans to official institutions, to banks, and to other foreigners";
(2) "other long-term claims payable in dollars"; and (3) "long-term claims payable in
foreign currencies."
In July 1966 long-term liabilities to foreigners were broken down to show separately
(1) liabilities to official institutions, (2) liabilities
to banks, and (3) liabilities to other foreigners.
Because of changes in reporting coverage
two figures are shown for some dates, usually
for December. The figures on the first line or
in the first column are comparable in coverage
with those shown for the preceding date, and the
figures on the second line or in the second
column are comparable with those shown for
the following date.
DESCRIPTION OF TABLES
Data for the most part are shown annually, quarterly, or monthly, beginning with the
end of 1942 or with the earliest available date
thereafter, for all but two of the tables18
and 19a and 19bpublished in the December
1975 issue of the Federal Reserve Bulletin.2
Also shown are data for two tables that are
no longer published in the Bulletin] these are
"Nonmarketable U.S. Treasury Bonds and
Notes Issued to Official Institutions of Foreign
Countries" and "Liabilities of U.S. Banks to
Their Foreign Branches," Table 15.7 and Table
2

Data for these tables appear in the Board's publication Annual Statistical Digest.

929

International Finance

15.15, respectively, of this publication. The


data for Table 15.15 are published regularly,
however, as a memorandum item in the Bulletin table showing assets and liabilities of large
commercial banks.
Table 15.1 summarizes data on U.S. liquid
and nonliquid liabilities to foreign official institutions, and liquid liabilities to all other foreigners. Subsequent tables show short-term and
long-term liabilities to foreigners reported by
banks in the United States; estimated foreign holdings of marketable U.S. Government
bonds and notes; nonmarketable U.S. Treasury bonds and notes issued to official institutions
of foreign countries; short-term and long-term
claims on foreigners reported by banks in the
United States; foreign transactions in U.S. and
foreign securities; liabilities of U.S. banks to
their foreign branches; foreign official holdings
at Federal Reserve Banks; and short-term and
long-term claims on and liabilities to foreigners
reported by nonbanking concerns in the
United States.
The following paragraphs supplement the
information given in notes to the tables.

Data on liabilities to foreigners exclude holdings of dollars of the International Monetary


Fund derived from payments of the U.S. subscription and from exchange transactions and
other operations of the IMF. The changes in
such holdings are reflected as changes in the
U.S. reserve position in the IMF, which are
shown in Section 14, Table 14.1.
Short-term and long-term claims on foreigners reported by banks in the United States include claims held for their own account and
for the account of their domestic customers.
These data exclude foreign currencies held by
U.S. monetary authorities; data on convertible
foreign currencies held by U.S. monetary authorities are shown in Section 14, Table 14.1.
The data on securities transactions cover
new issues of securities, transactions in outstanding issues, and redemptions of securities,
but do not segregate these types of transactions. They include transactions executed in
the United States for the account of foreigners,
and transactions executed abroad for the account of reporting institutions and their domestic customers.

MONEY AND EXCHANGE RATES OF FOREIGN COUNTRIES


MONEY RATES

Money market interest rates provide an indication of the general level of short-term
interest rates in a country, and changes in
money market rates may reflect changes in
underlying credit conditions. Table 15.23
shows money market rates for six major countriesFrance, Germany, the Netherlands,
Switzerland, the United Kingdom, and Canada.
The United States assesses and collects
duties each day on many types of merchandise
imported into the United States. In connection
with these imports, it is necessary to have
official rates for converting foreign currencies
into dollars. Table 15.24 shows the exchange
rates for the currencies of 22 countries.
The following paragraphs describe both the
money market and exchange rate series in
some detail.

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Table 15.23 shows monthly statistics for


central bank discount rates and open market
money rates for the six major countries. The
central bank discount rates shown in the table
are those in effect at the end of the month.
These are the rates at which the central bank
either discounts or makes advances against
eligible commercial paper or government securities for commercial banks or brokers. The
discount rates of central banks in le ading
foreign countries, including many not represented in Table 15.23, have been published in
the Federal Reserve Bulletin since January
1924. The other open market rates shown in
Table 15.23 include rates on bankers acceptances, bankers allowances on deposits, 3-month
930

Section 15

those published in the Monthly Report of the


German Federal Bank (known as Bank deutscher Lander through July 1957).
Netherlands. Rates for 3-month Treasury
bills and for day-to-day money are monthly
averages of daily quotations in the Amsterdam
money market as furnished by the Nederlandsche Bank.
Switzerland. Private discount rates are the
open market rates for prime bankers acceptances. The figures shown are the averages of
the rates on the 7th, 15th, 23rd, and last day
of the month as published in the Bulletin
Mensuel of the Banque National Suisse,
United Kingdom. Rates on bankers acceptances and on day-to-day money are monthly
averages based on the daily quotations published in the London Economist through 1950;
thereafter on figures given in the Financial
Times. Monthly rates on bankers allowances
on deposits are averages based on the daily
quotations published in the Economist. Monthly
rates for 3-month Treasury bills are averages
of weekly average tender rates reported each
Friday of the month and published in the
Economist.

Treasury bill rates, private discount rates, and


rates for day-to-day money. These rates are
monthly averages, as described below, but information on some rates for some countries is
not available for the entire period covered by
the table.
Current data on money market rates in
these six countries are shown in the Federal
Reserve Bulletin. The following paragraphs
give the sources of data for the money market
rate series shown in Table 15.23 and describe
how the averages were compiled.
Canada. Monthly rates for 3-month Treasury
bills are the average yield of weekly tenders
during the month. Monthly rates for day-today money are based on weekly averages of
daily closing rates for weeks ending on
Wednesday. The weekly averages are published
in the monthly Statistical Summary of the Bank
of Canada.
France. Rates for day-to-day money are
those on loans secured by government or by
private securities from January 1941 through
December 1956 and on loans secured by private securities thereafter. The monthly averages shown, based on weekly averages of daily
opening rates, are those given the Bulletin
Mensuel de Statistique published monthly by
the Institut National de la Statistique et des
Etudes Economiques.
Germany. The private discount rates shown
through March 1945 are the open market rates
at Berlin for prime bankers acceptances. The
rates for day-to-day money through September 1944 are those charged customers by Berlin banks. Figures for both series are those
published in the Monthly Bulletin of Statistics
of the League of Nations. Beginning with
January 1953, the rates shown for Treasury
bills are the selling rates in effect at the end of
the month. Beginning with March 1954, the
day-to-day money rates are averages of the
lowest and highest quotations during the
month. Beginning August 1967, monthly averages of the day-to-day money rates were based
on daily quotations. Figures for both series are

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FOREIGN EXCHANGE RATES


Table 15.24 shows monthly averages of
daily rates certified to the Secretary of the
Treasury by the Federal Reserve Bank of New
York pursuant to the provisions of Section 522
of the Tariff Act of 1930, The Bank ascertains
on each business day the New York market
buying rates at noon for cable transfers payable in the respective currencies of various
foreign countries and certifies those rates to the
Secretary of the Treasury. All rates are shown
in cents per unit of foreign currency.
During 1941, regular quotations for many
currencies ceased to become available. However, when normal foreign exchange transactions again took place, certification of rates
was resumed.

931

INTERNATIONAL FINANCE
15.1 U.S. LIQUID AND NONLIQUID LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS, AND LIQUID
LIABILITIES TO ALL OTHER FOREIGNERS, VARYING DATES, 1949-70
[In millions of dollars]

Liabilities to foreign countries


Official institutions 2

Total

End of period

Liquid
liabilities to
IMF
arising
from
gold
transactions 1

Liquid

Total

Liquid
NonNonliabiliShortmarket- market- Longties
term
Marketable
term
able
to comliabilable
convert- noncon- liabil- mercial
ities reU.S.
ible
vertible ities re- banks5
ported
Govt.
U.S.
ported abroad
U.S.
bonds
by
Treas- Treasby
and 3
ury
banks
ury
banks
in U.S. notes
bonds in U.S.
bonds
and
and
notes
notes 4
2,908
3,620

(99)
()

. .

3,548
4,654
5,667
6,770

(99)
(9)
( 9)

13, 524
M5.291
815,825
816,845
. . 19,428

200
200
200
500

10,120

6,953
8,045
7,917
8,665
9,154

19,731
20,472
20,955
/20.994
\21,027

500
500
500
800
800

9,980
10,482
10,899
11,078
11,088

9,009
9,511
9,980
10,212
10,212

1961 Mar
June
Sept.
Dec.10

20,998
21,295
22,419
(22,853
\22,936

800
800
800
800
800

11,140
10,875
11,772
11,830
11,830

1962 Mar
June
Sept. . .
ri^r 10

23,100
23,699
23,626
/ 24, 268
\24,268

800
800
800
800
800

1963=Mar
June
Sept
Dec.10

24,974
25,974
26,250
(26,433
\26, 394

1964 Jan
Feb.
Mar
Apr
May
June
July
Aue.
Sept. . .
Oct
Nov
Dec.10

86,937
88,892

1949 .
1950

88,849
s 10 431
1 1 , 357
. . . * 12,454

1951
1952
1953
1954
1955
1956
1957.
1958
1959
1960 Mar.
June
Sent

Dec

1IJ

1965 Jan.
Feb
Mar.
Apr.
May
June
July
Aug
Sept.
Oct.
Nov
Dec.
1966 Jan
Feb.
Mar.
Apr
May
June
July
Aug, . .
Sept
Oct
Nov
Dec.10

. ..

3,052
2,104

Total

(9)
1,393

Liquid
liabilities to
nonmonetary
Shortintl.
Market- and reterm
liabilable
gional
ities reU.S.
organiported
Govt. zations 7
bonds
by
banks
and
in U.S. notes a- 0

(9)
1,393

(fla )
( )

528
499

578
567
532
559

2,600
2,631
2,573
2,574

1,513
1,676
1,779
1,805

1,513
1,676
1,779
1,805

( :)

966

2,983
3,412
3,472
3,520
4,678

1,784
2,030
2,252
2,430
2,940

1,784
2,030
2,252
2,430
2,399

O1)
(")!i
C!1)
C)
541

496
501
764
1,047
1,190

971
971
919
866
876

5,128
5,274
5,313
4,818
4,818

2,852
2,871
2,809
2,773
2,780

2,242
2,250
2,237
2,230
2,230

610
621
572
543
550

1,271
1,345
1,434
1,525
1,541

10,257
10,038
10,909
10,940
10,940

883
837
863
890
890

4,797
5,257
5,341
5,404
5,484

2,667
2,741
2,802
2,871
2,873

2,109
2,207
2,227
2,355
2,357

558
534
575
516
516

1,594
1,622
1,704
1,948
1,949

11,292
1 1 , 869
12,254
12,948
12,914

10,468
11,205
11,617
11,997
11,963

824
664
637
751
751

5,931
5,681
5,469
5,346
5,346

2,913
3,189
3,050
3,013
3,013

2,456
2,676
2,531
2,565
2,565

457
513
519
448
448

2,164
2,160
2,053
2,161
2,195

800
800
800
800
800

13,223
14,082
14,308
14,459
14,425

11,785
12,377
12,392
12,467
12,467

855
,036
,166
,217
,183

350
502
678
703
703

233
158
63
63
63

9
9
9
9

5,732
5,813
5,789
5,817
5,817

3,089
3,198
3,285
3,397
3,387

2,672
2,821
2,921
3,046
3,046

417
377
364
351
341

2,130
2,081
2,068
,960
,965

26,569
26,467
26,192
26,706
26,701
26,559
27,276
27,626
27,727
28,418
29,383
(29,313
\29,364

800
800
800
800
800
800
800
800
800
800
800
800
800

14,199
14,068
13,997
13,829
14,047
14,249
14,411
14,614
14,855
14,840
15,277
15,790
15,786

12,217
12,059
12,014
11,757
11,905
12,102
12,121
12,312
12,351
12,300
12,723
13,224
13,220

,210
,237
,237
,240
,240
,241
,218
,178
,178
,165
,125
,125
,125

703
703
703
755
825
825
976
,028
,028
,078
,079
,079
,079

60
60
8
8
8
2
2
2
204
204
204
204
204

9
9
35
69 '
69
79
94
94
94
93
146
158
158

6,264
6,243
6,073
6,670
6,517
6,166
6,731
6,887
6,754
7,435
7,910
7 S 271
7,303

3,358
3,429
3,443
3,473
3,452
3,489
3,492
3,525
3,604
3,620
3,675
3,730
3,753

3,001
3,070
3,110
3,148
3,107
3,134
3,131
3,160
3,236
3,249
3,301
3,354
3,377

357
359
333
325
345
355
361
365
368
371
374
376
376

,948
,927
,879
,934
,885
,855
,842
,800
,714
,723
,721
,722
,722

29,238
29,396
28,683
28,286
28,067
28,398
28,304
29,022
29,347
29,583
29,602
29,569

800
800
800
800
800
800
800
800
808
809
834
834

15,139
15,293
14,904
14,553
14,527
14,768
14,418
14,730
14,997
15,013
15,276
15,826

12,584
12,681
12,293
11,966
11,955
12,201
11,748
12,059
12,326
12,403
12,579
13,066

,109
,141
,141
,141
,126
,126
,126
,124
,124
,113
,105
,105

,079
,104
,129
,129
,129
,129
,252
,251
,251
,201
,201
1,201

204
204
204
204
204
204
204
204
204
204
249
334

163
163
137
113
113
108
88
92
92
92
142
120

7 S 855
7,851
7,467
7 S 349
7,203
7,261
7,485
7,938
7,958
8,189
7,916
7,419

3,776
3,822
3,856
3,917
3,893
3,939
3,972
3,987
4,011
4,020
4,061
4,059

3,382
3,430
3,481
3,477
3,439
3,471
3,484
3,485
3,503
3,545
3,591
3,587

394
392
375
440
454
468
488
502
508
475
470
472

,668
,630
,656
,667
,644
,630
,629
,567
,573
,552
,515
,431

29,413
29,121
29,278
29,466
29,602
29,631
30,373
30,582
30,332
31,166
31,481
/31.145
131,020

836
837
965
981
983
983
984
,003
,011
,011
,011
,011
,011

15,333
14,914
14,929
14,990
15,285
15,237
15,331
15,149
14,699
14,920
14,951
14,841
14,896

12,844
12,476
12,455
12,527
12,809
12,661
13,033
12,905
12,515
12,909
12,953
12,484
12,539

,100
,100
,100
,100
,100
,106
853
852
852
852
860
860
860

935
885
834
759
709
658
583
507
432
205
205
256
256

334
334
374
374
367
362
362
362
362
360
330
328
328

120
119
166
230
300
450
500
523
538
594
603
913
913

7,746
7,811
7,823
7,961
8,002
8,139
8,754
9,216
9,283
9,920
10,237
10,116
9,936

4,070
4,153
4,168
4,207
4,189
4,234
4,224
4,175
4,325
4,325
4,309
4,271
4,272

3,592
3,657
3,676 |
3,713
3,704
3,744
3,727
3,654
3,838
3,819
3,790
3,743
3,744

478
496
492
494
485
490
497
521
487
506
519
528
528

,428
,406
,393
,327
,143
,038
,080
,039
,014
990
973
906
905

For notes see following page,

Digitized for FRASER


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

Liquid liabilities to
other foreigners

Nonliquid

C)

(9)
(9)
9

( )
(9)

200
200

932

e[)
c)
(*)

INTERNATIONAL FINANCE
15.1 U.S. LIQUID AND NONLIQUID LIABILITIES TO FOREIGN OFFICIAL INSTITUTIONS, AND LIQUID
LIABILITIES TO ALL OTHER FOREIGNERS, VARYING DATES, 1949-70Continued
[In millions of dollars]

Liabilities to foreign countries


Official institutions 3

End of period

Total

Liquid
liabilities to
IMF
arising
from
gold
transactions 1

Liquid

Total

Liquid liabilities to
other foreigners

Nonliquid

Liquid
NonNonliabiliShortmarket- market- Longties
Marketterm
able
able
term
to comable
liabilconvert- noncon- liabil- mercial
ities reU.S.
ible
vertible ities re- banks 5
ported
Govt.
U.S.
U.S.
ported abroad
bonds
TreasTreasby
by
ury
banks
and 3
ury
banks
in U.S. notes
bonds
in U.S.
bonds
and
and
notes 4
notes

Total

Liquid
liabilities to
nonmonetary
Shortintl.
term
Market- and reliabilable
gional
ities reU.S.
organiported
Govt. zations 7
by
bonds
banks
and
in U.S. notes 3'

1967 jan
Feb.
Mar..
Apr
May
June.
July
Aug.
Sent
Oct.
Nov.
Dec.10

30,267
30,284
30,534
31,046
31,289
31,757
32,336
33,107
33,475
34,843
36,221
/35.819
\ 35, 667

1,012
1,013
1,028
1,030
1,030
1,033
1,033
1,033
1,033
1,033
1,033
1,033
1,033

14,641
14,722
15,102
15,769
16,057
16,230
16,412
16,340
16,617
17,273
18,321
18,201
18,194

12,148
12,160
12,365
12,872
13,112
12,802
12,863
12,691
12,943
13,369
14,295
14,034
14,027

860
865
865
901
917
917
917
911
9U
911
908
908
908

328
328
328
328
348
374
374
449
499
601
711
711
711

328
328
327
327
324
324
449
448
647
772
741
741
741

977
1,041
1,217
1,341
1,356
1,813
1,809
1,841
1,617
1,620
1,666
1,807
1,807

9,418
9,388
9,184
9,073
9,009
9,339
9,701
10,569
10,630
1 1 , 268
11,488
1 1 , 209
11,085

4,240
4,306
4,351
4,312
4,352
4,364
4,354
4,379
4,459
4,543
4,623
4,685
4,678

3,712
3,776
3,821
3,783
3,823
3,826
3,813
3,831
3,907
3,982
4,076
4,127
4,120

528
530
530
529
529
538
541
548
552
561
547
558
558

956
855
869
862
841
791
836
786
736
726
756
691
677

1968 Jan.
Feb
Mar.
Apr
May
June.
July
Aug.
Sept
Oct
Nov
Dec.10

35,579
35,805
35,362
36,049
36, 504
36,171
36,595
37,306
37,703
38,311
39,845
(38,687
138,473

1,033
1,033
1,041
1,045
1,047
1,030
1,030
1,030
1,030
1,030
1,030
1,030
1,030

17,686
17,829
17,160
17,435
17,018
15,758
16,139
16,218
16,259
16,499
18,024
17,407
17,340

13,778
13,968
12,920
13,014
12,247
10,733
11,239
11,155
10,770
10,844
12,398
11,318
11,318

717
652
549
549
557
557
557
520
531
531
529
529
462

711
711
811
811
811
811
812
762
762
762
762
701
701

662
657
957
1,080
1,380
1,584
1,598
1,722
1,992
2,123
2,096
2,518
2,518

1,818
1,841
1,923
1,981
2,023
2,073
1,933
2,059
2,204
2,239
2,239
2,341
2,341

11,569
11,639
1 1 , 723
12,057
13,157
13,928
13,929
14,540
14,896
15,201
15,063
14,472
14,472

4,608
4,677
4,682
4,688
4,661
4,785
4,738
4,762
4,829
4,817
4,967
5,053
4,909

4,038
4,084
4,078
4,076
4,051
4,172
4,111
4,126
4,203
4,197
4,343
4,444
4,444

570
593
604
612
610
613
627
636
626
620
624
609
465

683
627
756
824
621
670
759
756
689
764
761
725
722

19 69-= Jan.
Feb.
Mar
Apr.
May...
June
July
Aug.
Sept.. .
Oct,
Nov..
Dec.^

38,594
39 , 225
39,844
41,038
42,547
43,628
44,585
45,871
46,728
47,103
46,828
(45,755
\45,914

1,031
1,031
1,031
1,033
1,033
1,028
1,028
1,028
1,019
1,019
1,019
1,019
1,019

15,715
15,736
15,688
15,912
17,332
14,827
14,429
15,299
16,559
16,701
15,995
15,975
15,998

9,563
9,643
9,637
9,762
11,310
9,112
8,780
9,839
11,281
11,611
11,128
11,054
11,077

462
459
459
459
459
454
445
430
425
296
295
346
346

701
2,643
676
2,643
676
2,618
715
2,742
2,742
665
2,492
666
750
2,491
750
2,391
750
2,390
"742 "2,519
555
2,515
555
2,515
2,515
555

2,346
2,315
2,298
2,234
2,156
2,103
1,963
1,889
1,713
1,533
1,502
1,505
1,505

16,260
16,928
17,606
18,548
18,679
22,320
23,785
24,257
23,831
24,222
24,700
23,638
23 , 645

4,915
4,891
4,885
4,874
4,784
4,738
4,612
4,559
4,594
4,481
4,398
4,464
4,589

4,421
4,391
4,392
4,381
4,315
4,286
4,136
4,072
4,067
3,944
3,859
3,939
4,064

494
500
493
493
469
452
476
487
527
537
539
525
525

673
639
634
67V
719
715
731
728
725
680
716
659
663

1970 Jan
Feb.
Mar.

46,189
46,344
46,580
47,028
47,059
47,461
47,498
47,881
48,051
48,108
48,282
(47,009
146,960

1,019
1,010
1,010
1,010
1,010
1,010
1,010
1,010
587
587
579
566
566

16,018
17,376
18,370
18,080
18,611
19,383
20,588
20,502
21,618
21,988
23,730
23,786
23,775

11,898
13,256
13,988
13,634
14,041
14,508
15,776
15,798
16,959
17,422
19,239
19,333
19,333

346
343
343
343
345
360
380
380
380
290
289
306
295

May
June
July
Aug.
Sept
Oct.
Nov.
Dec.12

1
Includes (a) liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases
for gold subscriptions to the IMF under quota increases, and (b) U.S.
Government obligations at cost value and funds awaiting investment obtained from proceeds of sales of gold by the IMF to the United States to
acquire income-earning assets.
2 Includes Bank for International Settlements and European Fund.
s Derived by applying reported transactions to benchmark data;
breakdown of transactions by type of holder estimated 1959-63. Includes
securities issued by corporations and other agencies of the U.S. Government that are guaranteed by the United States,
o Excludes notes issued to foreign official nonreserve agencies.
& Includes short-term liabilities payable in dollars to commercial banks
abroad and short-term liabilities payable in foreign currencies to commercial banks abroad and to "other foreigners."
e Includes marketable U.S. Government bonds and notes held by commercial banks abroad.
* Principally the International Bank for Reconstruction and Development and Inter-American and Asian Development Banks, Beginning
December 1957, includes difference between cost value and face value of
securities in IMF gold investment account.

Digitized for FRASER


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

429
429
429
429
429
429
429
429
429
429
429
429
429

1,973
1,973
2,259
2,356
2,555
2,970
2,967
2,967
2,967
3,027
3,024
3,023
3,023

1,372 23,877
4,540
4,013
527
735
1,375 22,768
4,373
3,893
480
817
1,351 21,957
4,438
3,966
472
805
1,318 22,718
3,974
4,455
765
481
1,241 22,249
4,484
3,984
500
705
1,116 21,766
4,622
4,086
536
680
4,502
1,036 20,640
3,961
541
758
928 21,029
3,935
562
4,497
843
4,473
883 20,610
3,906
567
763
820 20,250
3,902
4,469
567
814
749 18,646
4,540
3,950
590
787
695 17,137
4,676
4,029
647
844
695 17,169
4,604
4,039
565
846
1
% _
_
_
___
u
8
Includes total foreign holdings of U.S. Government bonds and notes,
foru which breakdown by type of holder is not available.
Not available.

US& a i l U V Y l l 1^1 UIC l U l U J W l l l g UCHC.

11

Includes $101 million increase in dollar value of fo

in reporting coverage, figures on first line are compar


shown for the preceding date; figures on second line are c

ItUtVia UL ^L^VJll CILLU llVILL-lKgUliaUK;, LUJll-llH-CLCSl-UCCll IIIj

held by other international and regional organizations.

INTERNATIONAL FINANCE

15.2 US. LIQUID AND NONLIQUID LIABILITIES TO OFFICIAL INSTITUTIONS OF


FOREIGN COUNTRIES, BY AREA, END OF MONTH, 1963-70
[In millions of dollars]

End of period

Total
foreign
countries

Western
Europe l

Canada

Latin
American
republics

Asia

Africa

Other
countries 2

14,425

8,508

1,789

1,058

2,740

154

176

14,199
14,068
13,997
1 3 , 829
14,047
14,249
14,411
14,614
14,855
14,840
15,277
(15,790
\15,786

8,240
8,169
8,112
7 854
8,018
8,264
8,365
8,627
8,703
8,555
8,871
9,329
9,325

1,758
1,704
1,608
1 596
1,610
1,613
1,597
1,617
1,824
1,862
1,906
1,812
1,812

1,137
1,107
1,135
1,249
1,240
1,153
1,239
1,152
1,074
1,175
1,236
1,283
1,283

2,750
2,765
2, 824
2 816
2,872
2,919
2 897
2,914
2,936
2,912
2,938
3,028
3,028

157
156
156
150
145
136
146
139
146
158
152
160
160

157
167
162
164
162
164
167
165
172
178
174
178
178

15,139
15,293
14,904
14,553
14,527
14,768
14,418
14,730
14,997
15,013
15,276
1 5 , 826

8,606
8,724
8,335
8,009
7,876
8,249
7,878
8,043
8,291
8,278
8 421
8,826

1,778
1,748
1,645
1,637
1,633
1,604
1,610
1,707
1,714
1,739
1 739
1,702

1,315
1,328
1,346
1,358
1,442
1,348
1,349
1,409
1,438
1,400
1,396
1,550

3,104
3 132
3,220
3 182
3,185
3 180
3 205
3,187
3 173
3,199
3 308
3 309

159
180
178
180
191
193
181
194
184
187
187
194

177
181
180
187
200
194
195
190
197
210
225
245

15,333
14,914
14,929
14,990
15,285
15,237
15,331
15,149
14,699
14,920
14,951
/14.841
\14,896

8,297
7,896
7,986
7,864
8,120
8,258
8 494
8,320
7 896
7,999
8,022
7,772
7,772

1,638
1,663
1,607
1,561
1,538
1,501
1,462
1,395
1 389
1,370
1,356
1,333
1,333

1,528
1,473
1,452
1,505
1,540
1,369
1,306
1,306
1,190
1,246
1,244
1,310
1,310

3 430
3,448
3 423
3,592
3 622
3,603
3 598
3 640
3 716
3,778
3,793
3,900
3,955

209
210
218 I
229
235
237
235
253
267
283
294
278
278

231
224
243
239
230
269
236
235
241
244
242
248
248

1967 Jan
Feb.
Mar
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dec.3

14,641
14,722
15,102
15,769
16,057
16,230
16,412
16,340
16,617
17 273
18,321
(18,201
\18, 194

7,520
7 563
7,764
8 103
8,235
8,434
8,644
8,701
8,991
9 531
10,722
10,321
10, 321

1,330
1,278
1,271
1 300
1,298
1,253
1,254
1,258
1,247
1 312
1,215
1,310
1,310

1,318
1,346
1,419
1,641
1,696
1,693
1,717
1,588
1,548
1 584
1,629
1,584
1,582

3,931
4 014
4,075
4 122
4 226
4,268
4 287
4,263
4 324
4 323
4 231
4,432
4,428

277
256
318
343
333
289
247
254
225
229
225
250
250

265
265
255
260
269
293
263
276
282
294
299
304
303

1968 Jan.
Feb
Mar
Apr. ...
May
June
July
Aug.
Sept
Oct.
Nov
Dec.3. . .

17 686
17 829
17,160
17,435
17,018
15,758
16,139
16 218
16,259
16 499
18 024
/17I407
\17,340

9 943
9 744
9,436
9 302
8,597
7,727
7 735
7 655
7 778
7 795
9 038
8,070
8,062

1 205
1 517
1,265
1 454
1,749
1,585
1 623
1 694
1,602
1 580
1 708
1,867
1,866

1 662
1 606
1,644
1 842
1,850
1,718
1 849
1 853
1 677
1 738
1 821
1,865
1,865

4 350
4 413
4 313
4 298
4 271
4 215
4 397
4 505
4 639
4 845
4 ggQ
5,043
4,997

230
273
231
248
251
259
284
242
293
271
271
259
248

296
276
271
291
300
254
251
269
270
270
306
303
302

1963Dec
1964Jan
Feb
Mar
Apr
May
June . .
July
Aug.
Sept
Oct
Nov
Dec. 3 . . .
1965 Jan
Feb.
Mar
Apr.
May
June
July
Sent,
Oct
Nov
Dec.
1966 Jan
Feb
Mar.
Apr
May
June
July
Aug
Sent.
Oct.
Nov
Dec.3

.
.......

...
.

..

For notes see following page.

Digitized for FRASER


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

934

Digitized for FRASER


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

INTERNATIONAL FINANCE

15.2 U.S. LIQUID AND NONLIQUID LIABILITIES TO OFFICIAL INSTITUTIONS OF


FOREIGN COUNTRIES, BY AREA, END OF MONTH, 1963-70Continued
[In millions of dollars]

End of period

Total
foreign
countries

Western
Europe l

Canada

Latin
American
republics

Asia

Africa

Other
countries 2

1969 Jan.
Feb.
Mar. . .
Apr.
May
June
July
Aug. . . .
Scot.
Oct.
Nov. . . .
Dec 3

15 715
15,736
15,688
15 912
17,332
14,827
14 429
15.299
16 559
* 16,701
15,995
(15,975
115,998

6,615
6,430
6,340
6,795
8,566
6,564
6,398
7,058
8,530
^ 8,618
7,448
7,074
7,074

,898
,846
,800
,780
,737
,545
,510
,535
1,481
1,554
1,575
1,624
1,624

848
,917
,874
908
,732
,655
1 602
1,722
1 590
1,651
1,608
1,888
1,911

4 799
4 894
5,020
4 738
4,640
4,458
4 309
4,392
4 381
4 274
4,475
4,552
4,552

250
262
246
264
235
232
238
255
270
322
570
546
546

305
387
408
427
422
373
372
337
307
282
319
291
291

1970 jaru .
Feb.
Mar...
Apr
May
June
July
Aug. . . .
Sept.
Oct. . .
Nov.
Dec.5

16,018
17 376
1 8 ' 370
18 080
18*611
19,383
20 588
20,502
21 618
21,988
23 730
{23,786
\23,775

6,963
7,924
8,053
7 598
7,966
8,634
10,137
10,242
11,739
12,166
13 830
13,620
13,615

1,729
1 791
2,019
2 262
2,491
2,729
2,756
2,919
2 849
2,864
2 926
2,951
2,951

1 938
2 126
2 329
2 340
2 330
2,351
2 315
2,148
1 904
1 941
1 784
1,681
1,681

4 597
4 589
5 001
4 862
4 744
4,552
4 251
4,052
4 070
4 089
4 339
4,713
4,708

533
702
705
725
744
710
691
692
661
526
449
407
407

258
244
263
293
336
407
438
449
395
402
402
414
413

1
Includes Bank for International Settlements and European Fund.
2 Includes countries in Oceania and Eastern Europe,
and Western European dependencies in Latin America.
s Data on the two lines shown for this date differ because
of changes in reporting coverage. Figures on the first line
are comparable with those shown for the preceding date;
figures on the second line are comparable with those shown
for4 the following date.
Includes $101 million increase in dollar value of foreign
currency liabilities resulting from revaluation of the German
mark in October 1969.

935

5
Data on the two lines shown for this date differ because
of changes in reporting coverage. Figures on first line are
comparable with those shown for the preceding date; figures
on second line are comparable with those published in the
Federal Reserve Bulletin for the following date.
NOTE.Data represent short- and long-term liabilities
to the official institutions of foreign countries, as reported
by banks in the United States; and foreign official holdings
of marketable and nonmarketable U.S. Government
securities with an original maturity of more than 1 year,
except for nonmarketable notes issued to foreign official
nonreserve agencies.

INTERNATIONAL FINANCE
15.3

SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE


UNITED STATES, BY TYPE, VARYING DATES, 1942-70
[In millions of dollars]
1

To all foreigners
Payable in dollars
End of period

Deposits

Total >
Total

Demand

Time

Other
U.S.
Treasury shortterm
bills and
certifi- liabilicates
ties 3

Payable
in
foreign
currencies

IMF
gold
invest-4
ment

To nonmonetary international
and regional organizations, a
Deposits

U.S.
Other
Treasury shortbills and
term
certifi- liabilicates
ties 3

Total
Demand Time

1942 Dec
1943 Dec
1944 Dec
1945 )ec

4,205
5,375
5,597
6,883

4,191
5,357
5,575
6,857

3, 523
4, 134
4, 357
4, 947

591
1.166
1,156
1,838

77
57
62
72

14
IS
22
26

1946 Dec
1947 Dec
1948 Dec.
1949 Dec

6,475
5,519
6,327
6,329

6,434
5,469
6,257
6,278

4, 689
4, 530
4, 928
4, 793

1,633
854
1,167
1,259

112
85
162
226

41
50
70
51

468
665
473
369

73
93
32
52

396
572
441
317

6,454
6,874
7,631
7,340

6,402
6,824
7,579
7,295

4, 830
5, 264
5, 448
5, 469

1,345
1,294
1,787
1,504

227
266
344
322

52
50
52
45

334
272
276
223

39
31
47
29

295
240 "
22(5
189

2
4
5

1951 Mar
June
Sept
Dec,

7,137
7,339
7,469
7,978

7,091
7,283
7,419
7,906

5, 431
5, 382
5, 232
5, 354

1,237
1,487
1,786
2,118

423
414
401
434

46
56
50
72

168
219
229
317

31
30
35
33

132
183
189
27<>

5
5
5
1

1952Mar.
June
Sent,
Dec

8,190
8,737
9,413
9,258

8,058
8,652
9,347
9,197

5, 378
5, 688
5, 801
5, 802

2,265
2,556
3,088
2,877

415
408
458
518

132
85
66
61

279
309
288
297

34
39
43
45

241,
267
24;!
2411

3
3
3
3

1953 Mar
June
Sept.
Dec

9,313
9,583
10,093
10,266

9,269
9,530
10,050
10,222

5, 718
5, 825
5, 891
6, 096

2,992
3,144
3,517
3,444

559
561
642
682

44
53
43
44

220
197
191
247

39
41
31
31

178
154
157
213

3
2
3
2

1954 Mar
June .
Sept
Dec.

10,622
10,752
10,958
11,354

10,576
10,697
10,911
11,311

6, 250
6, 653
6, 748
6, 962

3,648
3,458
3,615
3,678

678
586
548
671

46
55
47
43

272
190
227
205

28
39
69
51

243
146
152
147

5
7
7

1955 Mar.
June
Sept.
Dec

. . 11,115
11,484
11,693
11,895

11,069
11,438
11,649
11,855

6, 687
6, 904
6, 924
6, 933

3,655
3,849
4,009
4- 209

727
685
716
713

46
46
44
40

204
225
202
175

72
43
36
38

12S
168
153.
129

9
14
13
8

1956 Mar
June
Sept
Dec.

12,650
12,885
13,531
13,797

12,594
12,836
13,480
13,748

6, 940
7, 231
7, 527
7, 573

4,820
4,746
4,969
5,150

834
859
984
1,025

56
49
51
49

25
100
175
200

167
137
133
110

33
31
32
38

130
103
99
72

5
2
2

1957 Mar.
June
Sept
Dec

, . 13,398
13,754
13,993
14,383

13,331
13,688
13,920
14,324

7, 230
7, 658
7, 565
7, 612

4,909
4,875
5,020
5,372

1,192
1,155
1,335
1,340

67
66
73
59

200
200
200
200

196
272
461
542

44
50
42
50

149
222
412
49C

1958~-Mar
June
Sept
Dec.

14,474
14,606
14,929
15,367

14,403
14,529
14,850
15,308

8, 402
8, 963
8, 505
8, 687

4,601
4,297
5,115
5,372

1,400
1,269
1,230
1,249

71
77
79
59

200
200
200
200

469
589
564
552

189
224
234
208

280
365
330
343

1959 Mar.
June
Sept.
Dec

15,698
16,415
17,157
17,261

15,644
16,338
17,086
17,184

8, 872
8, 659
8, 455
8, 111

5,467
6,275
7,128
7,475

1,305
1,404
1,503
1,598

54
77
71
77

200
200
400
500

518
542
551
530

210
207
270
75

309
335
274
449

1960 Mar.
June
Sept
Dec

17,441
18,125
18,793
18,701

17,371
18,041
18,675
18,588

7, 954
8, 903
9, 331
9, 316

7,376
7,229
7,546
7,639

2,041
1,909
1,798
1,633

70
84
118
113

500
500
500
691

562
590
763
750

34
135
198
219

527
455
565
531

1950 Mar,
June
Sept
Dec

. .

For notes see end of table.

Digitized for FRASER


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

936

3
7
2

s'
6

INTERNATIONAL FINANCE
15 3 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE
UNITED STATES, BY TYPE, VARYING DATES, 1942-70Continued
[In millions of dollars]
To all foreigners

To nonmonetary international
and regional organizations 6

Payable in dollars
End of period

Total l

Deposits
Total

Demand Time

U.S.
Other
Treasury shortterm
bills and
liabilicertifi-6
3
ties
cates

Payable
in
foreign
currencies

IMF
gold
invest-4
ment

Deposits

Total

U.S.
Other
Treasury shortbills and
term
certifi- liabiliDemand Time 2
cates
ties 1

1961 Jan
Feb
Mar

18,313
18,158
18,466

18,192
18,046
18,355

9, 046
9, 205
9, 454

7,623
7,351
7,417

1,523
1,490
1,484

121
112
111

691
627
627

759
664
676

Apr
May
June

18,253
18,496
18,858

18,141
18,362
18,701

9, 542
9, 764
9, 974

7,090
7,079
7,164

1,509
1,519
1,563

112
134
157

627
667
667

722
712
689

rn
3:S3
3;17
3;17

July
Aug
Sept

19,145
19,468
19,778

19,000
19,360
19,678

10, 326
10, 452
10, 511

7,131
7,323
7,548

1,543
1,585
1,619

145
108
100

667
613
613

724
660
688

19,782
19,857
/20.015
\20,098

19,623
19,715
19,865
19,948

10, 476
10, 692
10, 573
10, 638

7,493
7,293
7,512
7,512

1,654
1,730
1,780
1,798

159
142
150
150

613
613
613
613

20,041
20,231
20,544

19,880
20,079
20,360

n, 120
016
n,
10, 786

6,993
7,255
7,754

1,767
1,808
1,820

161
152
184

Apr
May
June

20,713
20,817
21,357

20,532
20,650
21,180

10, 833
10, 856

11, 120

7,531
7,861
8,413

1,881
1,956
1,911

July
Aug
Sept

20,604
21,110
21,477

20,424
20,864
21,223

10, 407
10, 308
10, 218

8,170
8,751
9,180

22,158
22,141
/21.958
\21,958

21,876
21,929
21,815
21,815

10, 494
10, 443
10, 575
10, 575

1963 Jan
Feb
Mar

21,902
21,959
22,153

21,738
21,809
22,010

Apr
May
June

22,320
22,414
22,827

22,204
22,284
22,700

10; 882
11, 013
11, 003
11, 075

6,833
7,061

July
Aug
Sept

22,424
22,703
22,807

22,316
22,591
22,699

Oct
Nov
Dec
1964jan
Feb
Mar

23,206
23,340
22,877

Apr
May
June

21 3
24t3

545
421
373

26

356
352
330

33
33
33

3^10
3<
3<

w
w

351
288
311

33
29
31

717
724
703
704

3<)2
3!58
3f 54
3f 54

305
316
294
294

50
50
55
55

613
676
676

709
834
1,013

3<54
3'rs
4 8

292
399
537

53
56
58

181
167
177

676
676
676

,083
,139
,119

4:>4
4 4
4:12

594
659
627

64
66
69

1,847
1,805
1,825

180
246
254

676
738
738

,112
,196
,122

4<L8

4:*6

4;>4

599
694
633

64
65
65

9,570
9,582
9,331
9,331

1,812
1,904
1,909
1,909

282
212
143
143

738
800
800
800

,180
,206
,250
,284

4!U
4<)6
5<M)
5<57

604
615
572
572

95
96
138
144

8,888
8,761
8,909

1,968
2,035
2,098

164
150
143

800
800
800

,248
,222
,164

5 54
5'13
5 L6

551
536
506

142
143
141

4,286
4,392

9,021
9,083
9,121

2,108
2,082
2,126

116
130
127

800
800
800

1,192
1,036
1,016

5;14
59
73

448
452

530
411
377

138
118
114

6,926
6,838
6,961

4,419
4,559
4,549

8,929
9,027
8,968

2,042
2,167
2,221

108
112
108

800
800
800

1,071
942
905

74
70
67

460
442
417

414
306
287

123
123
133

23,061
23,210
22,743

7,100
7,396
7,067

4,756
4,755
4,639

8,857
8,689
8,690

2,348
2,370
2,347

145
130
134

800
739
739

868
841
808

63
49
70

396
394
384

278
265
215

131
132
138

23,060
22,928
22,706

22,929
22,803
22,594

7,270
7,186
7,192

4,736
4,836
4,821

8,651
8,499
8,108

2,272
2,282
2,473

131
125
112

739
739
739

839
817
770

71
59
51

395
382
372

235
232
196

136
143
151

23,138
23,146
22,989

23,021
23,028
22,866

7,469
7,316
7,218

4,975
4,979
4,802

7,803
7,887
7,941

2,774
2,846
2,905

117
118
123

739
739
739

824
878
848

62
48
72

351
332
263

184
251
249

226
247
264

23,556
23,952
23,932

23,433
23,828
23,800

7,626
7,759
7,672

4,883
4,903
4,930

8,000
8,253
8,280

2,924
2,913
2,918

123
124
132

739
800
800

834
793
791

278
259
227

228
196
236

261
265
280

24,604
25,552
(25,467
\25,518

24,492
25,431
25,349
25,428

8,165
8,760
8,186
8,215

5,052
5,086
5,251
5,261

8,238
8,554
8,799
8,799

3,037
3,031
3,113
3,153

112
121
118
90

800
800
800
800

820
818
818
818

67
71
47
49
48
66
66

225
221
207
207

250
248
231
231

295
300
314
314

1965 Jan
Feb
Mar

25,453
25 , 594
24,899

25,356
25,521
24,835

8,327
8,242
8,137

5,339
5,349
5,328

8,641
8,686
8,057

3,049
3,244
3,313

97
73
64

800
800
800

832
832
858

52
58
62

201
197
221

264
255
241

315
322
333

Apr
M!ay
June

24,461
24,243
24,564

24,377
24,153
24,463

7,743
7,572
7,958

5,371
5,329
5,325

7,844
7,769
7,726

3,419
3,483
3,454

84
90
101

800
800
800

869
846
831

52
38
64

205
198
192

261
258
254

351
353
321

Julv
Aug.
Sept

24,347
25,054
25,365

24,250
24,941
25,247

8,039
8,508
8,428

5,381
5,474
5,417

7,292
7,407
7,790

3,538
3,552
3,612

97
113
118

800
800
800

830
772
778

50
35
68

212
203
204

249
222
181

318
312
325

Oct
Nov
Dec

25,694
25 , 649
25,551

25,593
25,551
25,492

8,513
8,309
8,092

5,602
5,567
5,557

7,910
8,169
8,356

3,568
3,506
3,487

101
98
59

800
800
800

757
763
679

52
49
42

215
218
200

172
190
170

317
306
266

Oct
Nov
Dec.

1962 Jan.
Feb
Mar

. .

Oct,
Nov.
Dec.'

July
Aue
Sept
Oct
Nov
Dec

. . .

. ...

For notes see end of table.

Digitized for FRASER


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

937

INTERNATIONAL FINANCE
15.3

SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE


UNITED STATES, BY TYPE, VARYING DATES, 1942-70Continued
[In millions of dollars]
To nonmonetary internal ional
and regional organizations 5

To all foreigners

Payable in dollars
End of period

Total i

U.S.
Other
Treasury shortbills and
term
Time
certifi- liabilicates 6
ties 3

Deposits
Total

Demand

Payable
in
foreign
currencies

IMF
gold
invest-4
ment

Deposits
Total
Demand

Time 2

U.S.
Other
Treasury shortterm
bills and
liabilicertificates
ties a

196g jan
Feb
Mar.

25,668
25,544
25,591

25,303
25,156
25,210

8,383
8,319
8,584

5,670
5,627
5,526

7,942
7,917
7,732

3,308
3,293
3,368

365
388
381

800
800
800

686
800
837

64
44
55

198
219
214

152
255
299

272
283
268

Apr,
May
June

25,840
26,021
25,949

25,434
25,584
25,493

8,597
8,762
8,760

5,588
5,487
5,412

7,653
7,552
7,456

3,596
3,783
3,865

406
437
456

800
800
800

839
706
605

61
48
52

197
170
149

329
268
196

252
220
207

July
Aug
Sept.

26,961
27,225
27,061

26,476
26,669
26,453

9,291
9,560
9,371

5,445
5,466
5,649

7,686
7,610
7,471

4,054
4,033
3,962

485
556
608

800
800
800

647
650
625

74
44
55

148
135
143

215
244
220

210
227
207

Oct
Nov.
Dec. 7

28,048
28,392
127,724
\27,599

27,346
27,687
27,115
27,010

9,861
10,035
10,044
9,884

5,814
5,875
5,819
5,869

7,768
7,985
7,547
7,547

3,903
3,792
3,705
3,710

702
705
609
589

800
800
800
800

600
612
581
580

66
50
56
56

117
135
139
139

218
248
212
212

198
178
173
173

1967 Jan.
Feb.
Mar

26,730
26,732
26,807

26,216
26,225
26,303

9,123
9,084
9,018

5,795
5,710
5,521

7,466
7,648
7,989

3,832
3,783
3,775

514
507
504

800
800
800

652
608
637

66
56
54

125
134
135

239
238
296

222
180
153

Apr
May
June

27,157
27,351
27,328

26,611
26,829
26,832

9,004
9,233
9,489

5,433
5,331
5,453

8,351
8,339
7,934

3,823
3,926
3,956

546
522
496

800
800
800

629
607
561

50
60
54

141
128
115

281
255
235

157
163
158

July
Aug
Sept,

27,786
28,470
28,808

27,283
28,038
28,429

9,794
10.418
10,622

5,612
5,649
5,721

7,957
7,965
8,111

3,920
4,006
3,975

503
432
379

800
800
800

609
379
528

75
47
69

139
140
127

239
254
217

155
137
115

Oct.
Nov. .
Dec. '

29,938
31,211
(30,657
[30,505

29,656
30,980
30,428
30,276

11,423
11,624
11,747
11,577

5,939
8,201
5,868 ' 9,520
9,173
5,780
9,173
5,775

4,093
3,968
3,728
3,751

282
231
229
229

800
800
800
800

319
552
487
473

45
67
67
67

126
122
124
120

210
225

178

138
137
118
107

30,664
30,913
30,072

30,373
30,605
29,749

11,725
11,784
12,071

5,727
5,661
5,487

8,970
9,047
8,199

3,951
4,113
3,992

291
308
323

800
800
800

479
422
551

54
68
82

117
111
143

190
131
210

118
111
116

Apr.
May
June

30,566
30,709
30,137

30,266
30,389
29,814

12,356
13,494
13,944

5,549
5,429
5,368

8,133
7,171
6,154

4,228
4,295
4,348

300
320
323

800
800
800

619
454
504

67
46
79

143
118
US

268
203
215

141
87
92

July
Aug.
Sept

30,678
31,217
31,282

30,166
30,710
30,723

14,000
14,441
14,483

5,466
5,523
5,546

6,110
6,252
6,188

4,590
4,494
4,506

512
507
559

800
800
800

599
596
613

75
53
78

131
138
131

254
2;65
290

138
139
114

31,738
33,297
31,717

31,187
32,726
31,081

14,887
14,979
14,387

5,494
5,438
5,484

6,405
7,843
6,797

4,401
4,466
4,413

551
571
636

800
800
800

696
693
683

56
44
68

no

123

113

404
428
394

no

31,677
32,363
33,031

31,172
31,806
32,457

15,666
16,021
16,226

5,489
5,568
5,598

5,422
5,486
5,376

4,595
4,731
5,257

505
557
574

800
800
800

633
601
596

59
62
69

94
89
92

361
307
211

118
143
225

Apr.
May
June

34,123
35,775
37,186

33,538
35,209
36,585

16,743
16,618
20,130

5,610
5,622
5,706

5,706
7,272
4,974

5,479
5,697
5,775

585
566
601

800
800
800

632
671
668

63
58
75

76
70
75

225
236
214

267
306
303

July
Aug.
Sept

38,183
39,647
40,655

37,738
39,189
40,239

21,018
21,091
20,705

5,680
5,854
6,090

5,070
5,858
7,052

5,970
6,386
6,392

445
458
416

800
800
800

682
679
676

59
54
61

78
76
86

227
230
225

318
318
304

Oct,
Nov
Dec.7

41,208
41,153
(40,040
\40,199

40,720
40,708
39,611
39,770

20,960
21,235
20,430
20,460

6,376
6,673
6,834
6,959

6,450
5,632
5,015
5,015

6,934
7,168
7,332
7,336

488
445
429
429

800
800
800
800

631
666
609
613

71
58
57
62

76
66
83
83

234
291
244
244

249
251
224
223

1970 Jan. ,
Feb
Mar

41,273
41,484
41,466

40,831
41,058
41,064

20,109
18,919
18,036

6,984
7,244
7,238

5,938
6,602
7,228

7,800
8,293
8,562

442
426
402

800
800
800

685
767
755

71
80
86

102
115
131

252
317
330

259
255
207

Apr.
May
June,

41,840
41,727
41,789

41,478
41,376
41,451

18,753
18,198
18,127

6,998
7,265
7,247

7,031
7,564
8,159

8,563
8,349
7,918

362
351
338

800
800
800

714
653
629

92
70
83

128
132
119

237
226
194

258
224
232

July
Aug.
Sept.

41 , 882
. , 42,360
42, 593

41 , 538
42,023
42,236

17,246
17,461
17,271

7,166
7,214
7,225

9,103
9,845
10,856

8,023
7,503
6,884

344
337
357

800
800
400

705
798
718

73
66
73

131
137
135

218
252
179

284
343
330

42,742
42,976
141,719
(41,761

42,392
42,633
41,351
41,393

17,087
15,876
15,785
15,795

7,060
6,704
5,924
5,961

11,665
13,662
14,123
14,123

6,580
6,391
5,519
5,514

350
343
368
368

400
400
400
400

768
741
820
820

68
68
69
69

144
140
159
159

188
148
211
211

368
385
381
381

1968 Jan
Feb.
Mar.

Oct.
Nov.
Dec.
1969 Jan.
Feb
Mar.

Oct. . . .
Nov.
Dec.

For notes see end of table.

Digitized for FRASER


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

938

113

108

INTERNATIONAL FINANCE
15.3

SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE


UNITED STATES, BY TYPE, VARYING DATES, 1942-70Continued
[In millions of dollars]
To official institutions 9

To residents of foreign countries


Payable in dollars
End of period

Total

Deposits
Demand

Time *

U.S.
Treasury
bills and
certificates

Other
shortterm
liabilities 3

Payable
in
foreign
currencies

Payable in dollars
Total

Deposits
Demand

Time 2

U.S.
Treasury
bills and
certificates

Other
shortterm
liabilities a

1942 Dec,
1943 Dec.
1944 Dec
1945 Dec.

4,205
5,375
5,597
6,883

3, 523
4, 134
4, 357
4, 947

591
1,166
1,156
1,838

77
57
62
72

14
18
22
26

2,244
3,320
3,335
4,179

1,638
2,210
2,262
2,433

570
1,080
1,042
1,722

36
30
31
24

1946 Dec
1947 Dec
1948Dec
1949 Dec

6,007
4,854
5,854
5,960

4, 616
4, 438
4, 896
4, 741

1,237
281
727
942

113
86
160
226

41
50
70
51

3,044
1,832
2,836
2,908

1,871
1,608
2,171
2,017

1,132
202
603
789

41
22
62
102

1950Mar
June
Sept....."...
Dec

6,120
6,602
7,355
7,117

4, 791
5, 234
5, 401
5, 440

,050
,055
,561
,315

227
263
341
317

52
50
52
45

2,900
3,326
3,787
3,620

1,966
2,354
2,288
2,309

839
866
1,343
1,166

95
106
156
140

1951 Mar
June
Sept.
Dec

6,969
7,120
7,240
7,661

5, 400
5, 352
5, 197
5, 320

,104
,304
,597
1,842

418
408
396
427

46
56
50
72

3,496
3,570
3,519
3,548

2,279
2,202
1,919
1,768

1,003
1,173
1,409
1,566

214
195
191
214

1952 Mar
June
Sept
Dec

7,911
8,428
9,125
8,961

5, 344
5, 648
5, 758
5, 756

2,024
2,290
2,846
2,628

412
406
455
515

132
85
66
61

3,738
4,110
4,838
4,654

1,804
1,964
2,142
2,194

1,743
1,962
2,484
2,229

191
184
212
231

1953 Mar,
June
Sept
Dec

9,093
9,386
9,902
10,019

5, 679
5, 784
5, 860
6, 065

2,814
2,991
3,360
3,231

556
558
639
680

44
53
43
44

4,771 '
5,107
5,453
5,667

2,162
2,249
2,260
2,520

2,371
2,614
2,912
2,833

238
244
281
314

1954 Mar.
June
Sept
Dec.

10,350
10,562
10,731
11,149

<S, 222
6, 614
6, 680
6, 911

3,405
3,312
3,463
3,531

677
581
541
664

46
55
47
43

5,925
6,307
6,319
6,770

2,618
3,019
2,866
3,126

3,043
3,011
3,165
3,189

264
277
288
455

1955Mar.
June
Sept
Dec

10,911
11,259
11,491
11,720

6, 615
6, 861
6, 888
6, 895

3,532
3,681
3,855
4,080

718
671
704
705

46
46
44
40

6,504
6,771
6,801
6,953

2,778
2,933
2,844
2,780

3,232
3,427
3,577
3,816

1956 Mar
June
Sept
Dec

12,458
12,648
13,223
13,487

6, 907
7, 200
7, 495
7, 529

4,665
4,544
4,695
4,878

830
857
983
1,031

56
49
51
49

7,391
7,459
7,934
8,045

2,625
2,769
3,072
3,103

4,361
4,237
4,362
4,462

405
*53
500
480

1957 Mar
June
Sept
Dec

13,002
13,282
13,332
13,641

7, 186
7, 608
7, 524
7, 561

4,560
4,453
4,409
4,682

,189
,155
,327
,339

67
66
73
59

7,549
7,941
7,647
7,917

2,813
3,262
3,094
3,059

4,201
4,122
3,921
4,246

535
557
632
612

1958 Mar.
June
Sept
Dec

13,805
13,817
14,165
14,615

8, 214
8 739
8 271
8, 479

4,121
3,732
4,585
4,829

,400
,268
,230
,248

71
77
79
59

8,018
7,931
8,411
8,665

3,416
3,595
3,392
3,511

3,801
3,489
4,205
4,392

801
847
814
762

1959=-Mar
June
Sept. . . .
Dec

14,980
15,67*
16,206
16,231

8
8
8
8

662
451
185
036

4,959
5,740
6,454
6,526

,304
,404
,496
,592

54
77
71
77

8,623
8,967
9,226
9,154

3,490
3,231
2,928
2,834

4,445
5,147
5,754
5,738

688
589
544
582

1960 Mar
June
Sept
Dec

16,379
17,035
17,530
17,260

7, 920
8 767
9 133
9, 096

6,349
6,274
6,481
6,417

,040
,909
,798
,634

70
84
118
113

9,009
9,511
9,980
10,212

2,417
2,711
2,820
3,038

5,860
5,912
6,196
6,193

732
888
964
981

For notes see end of table.

Digitized for FRASER


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

939

494
411
380
357

Payable
in
foreign
currencies

5"

INTERNATIONAL FINANCE
15.3 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE
UNITED STATES, BY TYPE, VARYING DATES, 1942-70Continued
[In millions of dollars]
To official institutions 9

To residents of foreign countries

Payable in dollars

Payable in dollars
End of period

Total

Deposits
Demand

Time

U.S.
Treasury
bills and
certifi-6
cates

Other
shortterm
liabilities 3

Payable
in
foreign
currencies

Total

Deposits
Demand

Time

U.S.
Treasury
bills and
certifi-6
cates

Other
shottterm
liabilities <

Payable
in
foreign
currencies

16,863
16,867
17,163

8, 833
8, 962
9, 177

6,387
6,304
6,417

1,522
1,489
1,458

121
112
111

10,032
10,008
10,257

2,S)25
2,5>68
3J 01

6,191
6,135
6,252

916
905
904

Apr.
16,904
May..
17,117
June . . . . . . . 17,502

9, 209
9, 437
9, 647

6,107
6,059
6,167

,476
,486
,531

112
134
157

9,854
9,886
10,038

2,5 85
3,()59
3,f )82

5,953
5,887
5,989

916
940 '
967

17,754
18,195
18,477

9, 985
10, 108
10, 165

6,113
6,422
6,624

,511
,557
,589

145
108
100

10,077
10,522
10,909

3, 88
3, 509
3,'155

5,943
6,258
6,466

946
955
98Ei

18,452
18,520
/18.699
\18.781

10, 114
10, 334
10, 219
10, 283

6,575
6,363
6,605
6,605

,604
,681
,725
1,742

159
142
150
150

10,636
10,545
10,940
10,940

3,;>08
3,:>9i
3,:389
3,:589

6,384
6,175
6,412
6,412

99S,
1,033
1,093
1,093

46
46
46
46

1962 Jan
Feb.
Mar

18,719
18,721
18,855

10, 756
10, 638
10, 368

6,088
6,180
6,541

1,714
1,751
1,762

161
152
184

10,231
10,081
10,468

3, J12
3, 43
3, 179

5,853
5,897
6,244

1,018
993
970

48
48
75

Apr.
May
June

18,954
19,002
19,562

10, 695
10, 419
10, 433

6,261
6,526
7,110

1,816
1,890
1,842

181
167
177

10,265
10,458
11,205

3, 206
3,(>46
3,;262

5,999
6,317
6,900

985
1,020
968

75
75
75

July. . . .
Aug
Sept. . .

18,816
19,176
19,617

9, 958
9, 872
9, 794

6,895
7,320
7,808

1,784
1,739
1,760

180
246
254

10,744
11,064
11,617

3, [63
2,<J76
2,S)75

6,622
7,077
7,611

884
861
881

75
150
150

Oct. . . .
Nov
Dec. '

20,240
20,135
/ 19, 908
\ 19, 874

10, 013
9, 947
10, 035
10, 007

8,228
8,168
7,959
7,959

1,717
1,807
1,771
1,764

282
212
143
143

12,013
12,030
11,997
11,963

2,<3
3,()46
3,:261
3, 234

8,022
7,949
7,759
7,759

865
937
929
922

173
98
48
48

1963- Jan.
Feb.
Mar

19,854
19,937
20,189

10, 327
10, 469
10, 486

7,537
7,425
7,603

1,827
1,892
1,957

164
150
143

11,569
11,489
11,785

3, 238
3,;294
3,'*20

7,330
7,194
7,367

953
953
950

48
48
48

Apr.
May
June

20,328
20,578
21,011

10, 551
6,773
3,838
6,988
3,940

7,691
7,872
7,944

1,970
1,966
2,012

116
130
127

11,916
12,095
12,377

3,'162
2,215
1,242
2,255
1,344

7,457
7,662
7,793

972
951
960

25
25
25

July
Aug
Sept.

20,553
20,961
21,102

6,852
6,768
6,893

3,959
4,117
4,132

7,715
7,921
7,881

1,919
2,045
2,088

108
112
108

11,958
12,215
12,392

1,306
,205
,318

2,243
2,341
2,382

7,546
7,747
7,724

863
922
968

Oct. . .
Nov
Dec.

21,538
21,760
21,330

7,037
7,347
6,997

4,359
4,360
4,255

7,779
7,685
7,735

2,218
2,239
2,209

145
130
134

12,342
12,394
12,467

,249
,329
,402

2,438
2,471
2,451

7,591
7,489
7,548

1,034
1,075
1,036

30
30
30

1964 Jan
Feb
Mar.

21,482
21,372
21,197

7,199
7,126
7,141

4,340
4,454
4,449

7,677
7,528
7,172

2,137
2,140
2,322

131
125
112

12,217
12,059
12,014

,366
,236
,495

2,487
2,617
2,606

7,434
7,305
6,878

900
871
1,005

30
30
30

Apr
May
June

21,575
21 , 529
21,402

7,408
7,268
7,147

4,623
4,646
4,538

6,879
6,897
6,953

2,549
2,600
2,641

117
118
123

11,757
11,905
12,102

,266
,346
,421

2,686
2,661
2,601

6,553
6,598
6,740

1,222
1,270
1,310

30
30
30

July. . .
AUK.
Sept

21,983
22,359
22,341

7,559
7,688
7,625

4,604
4,644
4,702

7,034
7,257
7,244

2,663
2,647
2,639

123
124
132

12,121
12,312
12,351

,455
,446
,431

2,622
2,651
2,671

6,747
6,949
7,012

1,267
1,236
1,207

30
30
30

Oct.
Nov
Dec. 7

22,984
23,934
(23,849
\23,900

8,116
8,712
8,120
8,149

4 S 827
4,865
5,044
5,054

7,187
7,506
7,768
7,768

2,741
2,730
2,800
2,839

112
121
118
90

12,300
12,723
13,224
13,220

,479
,577
,591
1,591

2,645
2,688
2,820
2,816

6,952
7,256
7,554
7,554

1,224
1,202
1,259
1,259

1965 Jan
Feb.
Mar

23,821
23,962
23,241

8,275
8,184
8,075

5,137
5,151
5,106

7,578
7,631
7,016

2,735
2,923
2,981

97
73
64

12,584
12,681
12,293

1,470
1,448
1,485

2,864
2,861
2,852

7,138
7,173
6,645

1,112
1,199
1,311

Apr
May
June

22,792
22,597
22,933

7,692
7,534
7,894

5,165
5,131
5,133

6,783
6,711
6,672

3,068
3,130
3,133

84
90
101

11,966
11,955
12,201

1,360
1,369
1,612

2,827
2,867
2,796

6,426
6,317
6,344

1,353
1,402
1,449

22,717
23 , 482
23,787

7,987
8,473
8,360

5,168
5,271
5,213

6,242
6,385
6,809

3,221
3,240
3,287

97
113
118

11,748
12,059
12,326

1,549
1,758
1,540

2,804
2,787
2,781

5,997
6,147
6,593

1,398
1,367
1,412

24,137
24,086
24,072

8,461
8,260
8,051

5,386
5,349
5,356

6,937
7,179
7,385

3,252
3,200
3,220

101
98
59

12,403
12,579
13,066

1,443
1,402
1,535

2,861
2,841
2,862

6,761
6,976
7,1S6

1,338
1,360
1.4S3

1961 Jan
Feb.
Mar

July
Aug
Sept

Oct.
Nov. . .
Dec. 7 .

July
Aug
Sept

Oct
Nov
Dec..

For notes see end of table.

Digitized for FRASER


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

940

INTERNATIONAL FINANCE
15.3

SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE


UNITED STATES, BY TYPE, VARYING DATES, 1942-70Continued
[In millions of dollars]
To official institutions 9

To residents of foreign countries


Payable in dollars
End of period

Total
Deposits
Demand

Time 2

U.S.
Treasury
bills and
certifi-6
cates

Other
shortterm
liabilities 3

Payable
in
foreign
currencies

Payable in dollars
Total

Deposits
Demand

Time

U.S.
Treasury
bills and
certifi-6
cates

Other
shortterm
liabilities a

Payable
in
foreign
currencies

19 66-= Jan
Feb.
Mar.

24,182
23,944
23,954

8,318
8,275
8,529

5,472
5,408
5,312

6,990
6,862
6,633

3,035
3,011
3,098

365
388
381

12,844
12,476
12,455

,578
,386
,575

2,966
2,910
2,873

6,725
6,630
6,434

1,281
1,233
1,256

294
317
317

Apr.
May
June.

24,201
24,515
24,544

8,536
8,714
8,708

5,391
5,318
5,262

6,525
6,483
6,460

3,344
3,563
3,660

406
437
456

12,527
12,809
12,661

,508,707
,591

2,906
2,843
2,751

6,338
6,327
6,326

1,458
1,565
1,626

317
367
367

July
Aug. , . ,
Sept.

25,514
25,775
25,636

9,217
9,517
9,316

5,296
5,331
5,506

6,671
6,567
6,451

3,844
3,805
3,756

485
556
608

13,033
12,905
12,515

,667
,686
,488

2,727
2,735
2,718

6,527
6,381
6,204

1,719
1,635
1,587

393
468
518

26,648
26,980
/26,343
126,219

9,794
9,984
9,987
9,829

5,697
5,740
5,680
5,730

6,750
6,937
6,535
6,535

3,705
3,614
3,531
3,537

702
705
609
589

12,909
12,953
12,484
12,539

,623
,569
,679
,679

2,743
2,743
2,612
2,668

6,461
6,656
6,316
6,316

1,463
1,366
1,360
1,359

619
619
517
517

25,278
25,324
25,370

9,057
9,028
8,964

5,670
5,576
5,386

6,427
6,610
6,894

3,610
3,603
3,622

514
507
504

12,148
12,160
12,365

,332
,281
,290

2,736
2,647
2,480

6;215
6,382
6,673

1,421
1,406
1,478

444
444
444

Apr.
May
June . . .

25,728
25,944
25,967

8,953
9,173
9,435

5,292
5,202
5,338

7,270
7,284
6,899

3,667
3,762
3,799

546
522
496

12,872
13,112
12,802

,356
,478
,424

2,459
2,411
2,527

7,061
7,052
6,685

1,515
1,717
1,737

481
454
429

July
Aug.
Sept.

26,377
27,091
27,480

9,719
10,371
10,553

5,473
5,509
5,594

6,917
6,911
7,094

3,764
3,868
3,860

503
432
379

12,863
12,691
12,943

,390
,419
1,597

2,630
2,560
2,607

6,710
6,759
6,889

1,704
1,599
1,546

429
354
304

Oct.
Nov
Dec. 7

28,619
29 t 859
/29.370
\29.232

11,378
11,557
11,680
11,510

5,813
5,746
5,656
5,655

7,191
8,494
8,195
8,195

3,955
3,831
3,610
3,643

282
231
229
229

13,369
14,295
14,034
14,027

1,923
1,867
2,054
2,054

2,648
2,507
2,462
2,458

7,027
8,304
7,985
7,985

1,569
1,465
1,381
1,378

202
152
152
152

1968 Jan.. .
Feb
Mar

29,385
29,691
28,721

1 1 , 670
11.716
11,989

5,610
5,550
5,344

7,980
8,116
7,189

3,833
4,002
3,876

291
308
323

13,778
13,968
12,920

1,918
1,953
2,105

2,379
2,299
2,125

7,764
7,900
7,036

1,500
1,599
1,437

217
217
217

Apr.
May
June

29,147
29,455
28,833

12,289
13t449
13,865

5,407
5,310
5,250

7,065
6,167
5,139

4,088
4,209
4,256

300
320
323

13,014
12,247
10,733

2,149
2,419
2,103

2,216
2,054
1,942

6,932
6,033
5,000

1,500
1,524
1,471

217
217
217

July
Aug.
Sept

29,279
29,821
29,869

13,925
14 r 388
14,405

5,335
5,384
5,415

5,056
5,187
5,099

4,451
4,355
4,391

512
507
559

1 1 , 239
11,155
10,770

2,306
2,152
1,997

2,058
2,102
1,966

4,927
5,021
4,965

1,544
,476
,438

404
404
404

Oct. . .
Nov.
Dec.

30,242
31,804
30,234

14,831
14,935
14,320

5,370
5,329
5,371

5,201
6,615
5,602

4,288
4,355
4,304

551
571
636

10,844
12,398
11,318

2,001
2,253
2,149

,988
,910
,899

5,089
6,494
5,486

,362
,337
,321

404
404
463

30,244
30,962
31,635

15,607
15,959
16,157

5,395
5,478
5,506

4,261
4,379
4,364

4,476
4,588
5,033

505
557
574

9,563
9,643
9,637

1,941
1,844
2,012

,938
,927
,876

4,125
4,265
4,218

,221
,219
,143

338
388
388

Apr.
May
June.

32,691
34,304
35,718

16,680
16,559
20,055

5,533
5,552
5,630

4,681
6,236
3,960

5,212
5,390
5,472

585
566
601

9,762
11,310
9,112

1,869
1,793
2,037

,894
,993
,987

4,531
6,092
3,819

,080
,044
881

388
388
388

July
Aus
Sept.

36,701
38,168
39,179

20,959
21,037
20,644

5,602
5,778
6,004

4,043
4,828
6,027

5,653
6,067
6,088

445
458
416

8,780
9,839
11,281

1,892
2,066
1,993

,872
,983
2,119

3,872
4,671
5,895

912
887
1,042

232
232
232

Oct.
Nov
Dec.7

39,777
39,687
/38,631
\38,786

20,888
21,177
20,372
20, 397

6,299
6,607
6,751
6,876

5,416
4,540
3,971
3,971

6,686
6,917
7,109
7,113

488
445
429
429

11,611
11,128
11,054
11,077

1,955
1,894
1,918
1,930

2,432
2,709
2,951
2,942

5,301
4,421
3,844
3,844

1,691
1,902
2,139
2,159

232
202
202
202

1970 Jan. .
Feb.
Mar

39,788
39,917
39 f 911

20,038
18,839
17,949

6,881
7,129
7,106

4,886
5,485
6,098

7,541
8,038
8,355

442
426
402

11,898
13,256
13,988

1 , 666
1,698
1,473

2,968
3,249
3,398

4,749
5,381
5,989

2,313
2,726
2,926

202
202
202

Apr.
May
June . .

40,326
40,274
40,360

18,661
18,128
18,043

6,870
7,133
7,128

6,127
6,538
7,166

8,305
8,135
7,685

362
351
338

13,634
14,041
14,508

1,324
1,385
1,444

3,338
3,395
3,444

6,035
6,417
7,019

2,789
2,696
2,453

148
148
148

July
AUK.
Sept

40,377
40,762
41,475

17,173
17,395
17,198

7,035
7,077
7,090

8,086
8,793
10,277

7,739
7,159
6,554

344
337
357

15,776
15,798
16,959

1,590
1,265
1,390

3,479
3,588
3,428

7,946
8,653
10,141

2,613
2,144
1,852

148
148
148

41 , 574
41,835
(40,499
\40,541

17,018
15,807
15,716
15,726

6,916
6,564
5,765
5,802

11,077
13,114
13,511
13,511

6,212
6,006
5,138
5,133

350
343
368
368

17,422
19,239
19,333
19,333

1,474
1,374
1,652
1,652

3,166
2,840
2,554
2,554

10,930
12,980
13,367
13,367

1,704
1,897
1,612
1,612

148
148
148
148

Oct.
Nov
Dec. 7
1967 jan
Feb.
Mar.

1969 Jan
Feb.
Mar

Oct.
Nov. . . .
Dec.s

For notes see end of table.

Digitized for FRASER


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

941

INTERNATIONAL FINANCE
15 3 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE
UNITED STATES, BY TYPE, VARYING DATES, 1942-70Continued
[In millions of dollars]
. To banks 10

To other foreigners

Total
payable
in dollars
and in
foreign
currencies

Total

1942 Dec. . . . .
1943 Dec. ". . .
1944 Dec. ". . .
1945 Dec.".. .

1,961
2,055
2,262
2,704

1,947
2,037
2,240
2,678

1,885
1,924
2,095
2,514

21
86
114
116

41
27
31
48

14
18
22
26

1946 Dec. . .
1947Dec. u. .
1948 Dec. 11
. .
1949 Dec. . .

2,963
3,022
3,018
3,052

2,922
2,972
2,948
3,001

2,745
2,830
2,725
2,724

105
79
124
153

72
64
99
124

41
50
70
51

1950Mar.
June
Sept
Dec

3,220
3,276
3,568
3,497

1,891
1,922
2,061
2,064

1,648
1,686
1,798
1,863

131
101
112
62

113
135
151
139

1,277
1,304
,455
,393

1,178
1,194
,314
,268

80
88
106
88

19
23
34
37

52
50
52
40

1951 Mar. . .
June
Sept
Dec..

3,473
3,550
3,721
4,113

2,053
2,075
2,221
2,528

1,870
1,872
2,000
2,275

18
33
51
79

165
170
170
175

,374
,419
,450
,513

,251
,278
,278
,278

84
97
137
197

39
43
35
38

46
56
50
72

1952 Mar.
June. . . .
Sept
Dec.

4,173
4,318
4,287
4,307

2,473
2,534
2,514
2,570

2,200
2,254
2,189
2,155

97
104
131
185

177
176
194
230

,568
,699
,707
,676

,340
,430
,427
,408

184
224
231
214

43
45
49
54

132
85
66
61

l953=-Mar
June
Sept
Dec.

4,322
4,279
4,449
4,352

2,570
2,535
2,660
2,529

2,126
2,145
2,195
2,089

197
150
178
137

248
241
288
303

,708
,691
,746
,779

,392
,390
,405
,455

246
227
270
262

70
74
70
62

44
53
43
44

1954 Mar.
June
Sept
Dec.

4,425
4,255
4,412
4,379

2,557
2,375
2,480
2,531

2,100
2,028
2,187
2,265

107
87
83
91

351
259
210
174

,822
,825
,885
,805

,505
,566
,627
,520

255
214
216
252

62
45
42
34

46
55
47
43

1955 Mar.
June
Sept
Dec

4,407
4,488
4,690
4,767

2,574
2,714
2,840
2,943

2,289
2,397
2,488
2,572

92
92
84
80

193
226
269
291

,787
,728
,806
,784

,548
,531
,556
,543

208
162
193
184

31
33
56
56

46
46
44
40

1956 Mar
June
Sept
Dec

5,067
5,189
5,289
5,442

3,168
3,271
3,300
3,363

2,728
2,839
2,804
2,779

82
111
116
173

358
320
380
411

,843
,869
,938
2,030

,554
,592
,618
,653

222
195
218
243

67
84
104
134

56
49
51
49

1957 Mar
June
Sept
Dec.

5,453
5,341
5,685
5,724

3,296
3,134
3,368
3,413

2,693
2,579
2,691
2,737

102
116
175
158

502
439
503
518

2,090
2,141
2,244
2,252

1,680
1,767
1,739
1,766

257
215
313
278

152
159
192
209

67
66
73
59

1958 Mar.
June
Sept.
Dec.

5,787
5,886
5,754
5,950

3,512
3,573
3,418
3,461

2,998
3,226
2,986
3,017

106
59
151
131

408
288
281
312

2,204
2,236
2,257
2,430

1,800
1,919
,893
,951

213
185
229
306

190
133
135
174

71
77
79
59

1959 Mar.
June
Sept
Dec.

6,357
6,706
6,980
7,077

3,816
4,071
4,331
4,601

3,202
3,221
3,294
3,369

204
278
369
492

411
572
668
740

2,487
2,558
2,578
2,399

,970
,999
,963
,833

310
314
331
295

205
244
283
270

54
77
71
77

1960 Mar
June
Sept
Dec.

7,370
7,524
7,550
7,048

5,058
5,190
5,195
4,705

3,765
4,262
4,528
4,210

285
196
112
76

1,008
732
555
419

2,242
2,250
2,237
2,230

,738
,794
,786
,849

204
167
173
148

301
289
279
233

70
84
118
113

End of period

.
.
.
.

Payable in dollars
Deposits
Demand

Time

U.S.
Treasury
bills and
certificates

Other
shortterm
liabilities 3

For notes see end of table.

Digitized for FRASER


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

942

Deposits
Total

Demand

Time

U.S.
Treasury
bills and
certificates

Other
shortterm
liabilities 3

To banks
and other
foreigners:
payable in
foreign
currencies

INTERNATIONAL FINANCE
15.3

SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE


UNITED STATES, BY TYPE, VARYING DATES, 1942-70Continued
[In millions of dollars]
To banks 10
Total
payable
in dollars
and in
foreign
currencies

Total

1961 Jan
Feb
Mar

6,831
6,859
6,906

4,585
4,640
4,686

4, 133
4, 216
4, 283

Apr
May
June

7,050
7,231
7,464

4,804
4,911
5,100

July
Aug.
Sept. .

7,677
7,673
7,568

End of period

To other foreigners
Payable in dollars

U.S.
Treasury
bills and
certificates

Deposits

U.S.
Treasury
bills and
certificates

Other
shortterm
liabilities 3

Other
shortterm
liabilities 3

Total

68
56
63

384
368
340

2,125
2,107
2,109

115

in
194

128
113
102

222
216
213

121
112
111

4, 414
4, 534
4, 713

51
43
45

339
334
341

2,134
2,186
2,207

,1no
,(J44
,ii5i

103
129
133

220
212
223

112
134
157

5,327
5,357
5,241

4, 918
4, 928
4, 819

60
55
41

348
374
380

2,205
2,208
2,227

,iJ80
,*m
,iJ91

109
109
117

217
229
219

145
108
100

7,816
7,975
/ 7,759
I 7,841

5,411
5,547
5,300
5,380

4, 989
5, 113
4, 854
4, 917

40
42
43
43

381
392
402
420

2,293
2,333
2,355
2,357

,5>18
,$C>30
P >76
i >77

151
147
149
149

224
256
230
230

112
95
104
104

8,488
8,640
8,387

6,011
6,105
5,822

5, 475
5, 520
5, 182

84
116
140

452
469
499

2,364
2,431
2,456

c>69
' < >75
>05

2!*

151
166
156

243
290
294

113
104
109

Apr.
May.
June. . . . . . .

8,689
8,544
8,357

6,106
5,957
5,579

5, 450
5, 322
4, 963

122
109
102

534
526
514

2,477
2,495
2,676

2,;109

2,()40
2,()52

140
100
107

297
343
360

106
92
102

July
Aug
Sept

8,072
8,112
8,000

5,415
5,476
5,365

4, 708
4, 831
4, 763

161
134
98

546
510
505

2,552
2,540
2,531

2,<)87
2,<)65
2,()57

112
109
100

354
366
374

105
96
104

8,227
8,105
/ 7,911
I 7,911

5,598
5,432
5,251
5,251

5, 010
4, 853
4, 678
4, 678

97
89
83
83

490
490
490
490

2,520
2,559
2,565
2,565

2,()50
2,()48
2,()96
2,()96

108
130
116
116

362
380
352
352

109
114
95
95

1963 Jan.
Feb
Mar

8,285
8,448
8,404

5,607
5,692
5,636

5, 012
5, 066
4, 950

84
87
93

512
538
594

2,562
2,654
2,672

2,(>77
2, L09
2, 116

123
144
143

363
400
412

116
102
96

Apr
May
June

8,412
8,483
8,634

5,564
5,617
5,712

4,126
4,203

817
853

87
82
42

584
592
614

2,757
2,762
2,821 .

2, L96
,405
805
,442
831

146
128
109

415
423
439

91
104
101

July, . ,
Aug
Sept.

8,595
8,746
8,710

5,690
5,770
5,681

4,146
4,164
4,135

859
890
848

51
62
48

634
654
650

2,797
2,864
2,921

,401
,399
,441

857
885
902

117
111
109

421
468
469

108
112
108

Oct.
Nov
Dec.

9,196
9,366
8,863

6,138
6,248
5,713

4,396
4,564
4,102

990
940
838

66
62
68

686
680
704

2,943
3,019
3,046

,391
,454
,493

931
948
966

122
134
119

499
485
469

115
99
104

1964Jan
Feb.
Mar.

9,265
9,313
9,183

6,164
6,148
5,991

4,408
4,447
4,222

873
843
821

123
95
159

760
763
789

3,001
3,070
3,110

,425
,443
,424

979
994
1,022

120
127
136

477
506
528

100
95
82

Apr..
May
June

9,818
9,624
9,300

6,583
6,430
6,073

4,685
4,456
4,230

899
928
857

210
212
139

790
834
847

3,148
3,107
3,134

,457
,467
,496

1,037
1,057
1,079

116
87
75

537
495
484

87
87
93

July
Aug.. .

Sept,

9,862
10,047
9,990

6,638
6,793
6,652

4,640
4,792
4,716

887
858
854

201
217
132

910
925
951

3,131
3,160
3,236

,464
,450
,478

1,095
1,134
1,177

86
91
101

487
485
480

93
94
102

Oct
Nov.
Dec. 7

10,684
11,211
(10,625
\10,680

7,323
7,789
7,153
7,213

5,188
5,636
5,006
5,027

986
971
967
967

131
166
142
142

1,016
1,016
1,039
1,077

3,249
3,301
3,354
3,377

,449
,499
,523
,531

1,195
1,206
1,257
1,271

105
84
72
72

500
512
502
503

112
121
118
90

1965 jan<
Feb
Mar.

11,237
11,281
10,948

7,758
7,778
7,403

5,296
5,220
5,049

979
971
893

359
378
292

, 1,124
1,209
1,169

3,382
3,430
3,481

,509
,516
,541

1,295
1,320
1,361

81
79
79

497
515
501

97
73
64

Apr
May
June

10,826
10,642
10,732

7,265
7,113
7,160

4,786
4,650
4,759

946
864
919

281
315
242

1,253
1,284
1,239

3,477
3,439
3,471

,546
,516
,522

1,393
1,399
1,417

77
79
86

461
445
446

84
90
101

July
Aug
Sept

10,969
11,423
11,461

7,388
7,825
7,840

4,903
5,235
5,317

941
1,013
941

159
150
134

,385
,426
,448

3,484
3,485
3,503

,536
,480
,504

1,423
1,471
1,492

87
88
81

438
447
426

97
113
118

Oct
Nov
Dec

11,734
11,507
11,006

8,088
7,818
7,360

5,504
5,307
4,941

997
946
900

86
112
113

,502
,453
,406

3,545
3,591
3,587

,515
,551
,574

1,529
1,562
1,594

91
91
87

410
387
332

101
98
59

Oct.
Nov.
Dec. '
1962 Jan
Feb,
Mar.

Oct.
Nov
Dec. 7

Deposits

To banks
and other
foreigners:
payable in
foreign
currencies

Demand

Time

4, 893

For notes see end of table.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

943

Demand

Time 2

INTERNATIONAL FINANCE
X5.3

SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE


UNITED STATES, BY TYPE, VARYING DATES, 1942-70Continued
[In millions of dollars]
To banks o
Total
payable
in dollars
and in
foreign
currencies

Total

1966 Jan
Feb.
Mar.

11,338
11,468
11,499

7,675
7,740
7,759

5,178
5,303
5,424

879
862
736

Apr.
May
June,

11,674
11,706
11,883

7,874
7,933
8,051

5,450
5,476
5,591

July
Aug
Sept

12,481
12,870
13,121

8,661
9,128
9,193

13,739
14,027
[13,859
\13,680

1967 Jan
Feb
Mar.

End of period

To other foreigners
Payable in dollars

U.S.
Treasury
bills and
certificates

Deposits

US
Treasury
bills and
certificates

Other
shortterm
liabilities J

Other
shortterm
liabilities 3

Total

171
138
110

1,446
1,437
1,489

3,592
3,657
3,676

,563
,586
,530

1,627
1,636
1,703

94
95
89

308
341
354

71
71
64

792
757
753

81
68
61

,550
,631
,646

3,713
3,704
3,744

,578
,531
,526

1,693
1,718
1,758

106
88
72

336
367
389

87
69
88

6,060
6,417
6,297

810
831
985

64
104
139

,728
,775
,771

3,727
3,654
3,838

,490
,413
,531

,759
,765
,803

80
81
108

397
394
397

93
88
90

9,837
10,152
10,023
9,864

6,692
6,923
6,795
6,636

1,138
1,188
1,249
1,243

192
192
137
137

,815
,849
,842
,848

3,819
3,790
3,743
3,744

,479
,491
,513
,513

,816
,809
,819
,819

98
89
83
83

427
400
329
329

83
85
93
72

13,130
13,164
13,005

9,348
9,325
9,124

6,265
6,236
6,118

1,109
1,084
1,053

132
138
142

,842
,867
,811

3,712
3,776
3,821

,460
,512
,556

,825
,845
,853

80
89
79

347
330
334

70
63
60

Apr
May
June

12,856
12,832
13,165

9,008
8,941
9,272

6,063
6,118
6,396

988
936
966

135
145
146

,822
,742
,764

3,783
3,823
3,826

,535
,578
,615

,845
,855
,844

73
86
68

330
305
297

65
68
67

July
Aug
Sept.

13,514
14,400
14,537

9,627
10,490
10,555

6,750
7,437
7,378

972
1,033
1,051

142
83
129

,763
,938
,998

3,813
3,831
3,907

,580
,515
,578

,871
,916
,937

66
69
76

296
331
315

74
79
75

Oct.
Nov
Dec. 7

15,250
15,564
115,336
\15,205

11,188
11,409
11,132
11,008

7,877
8,061
7,933
7,763

,167
,192
,142
,142

79
114
129
129

2,064
2,042
1,927
1,973

3,982
4,076
4,127
4,120

,577
,630
,693
,693

1,999
2,047
2,052
2,054

84
76
81
81

322
324
302
292

80
79
77
77

1968 Jan
Feb
Mar.

15,607
15,723
15,801

11,495
11,549
11,617

8,177
8,182
8,299

,150
,163
,166

114
112
52

2,054
2,092
2,100

4,038
4,084
4,078

,576
,581
,585

2,081
2,088
2,053

103
104
101

278
311
339

74
90
106

Apr
May
June

16,133
17,208
18,100

11,975
13,054
13,822

8,533
9,448
10,067

,134
,212
,261

46
47
52

2,262
2,348
2,443

4,076
4,051
4,172

,607
,581
,694

2,057
2,045
2,048

86
88
88

327
336
342

82
103
106

July
Aug
Sept. . .

18,040
18,666
19,099

13,820
14,437
14,741

10,006
10,654
10,767

,210
,214
,333

50
85
56

2,554
2,484
2,584

4,111
4,126
4,203

,612
,581
,641

2,067
2,069
2,116

79
81
78

352
395
368

109
103
155

Oct
Nov
Dec

19,398
19,406
18,916

15,053
14,896
14,299

11,234
11,008
10,374

,241
,240
,273

35
38
30

2,542
2,610
2,621

4,197
4,343
4,444

,596
,674
,797

2,141
2,179
2,199

77
83
86

383
408
362

148
167
173

1969 Jan.
Feb. .
Mar.

20,681
21,319
21,998

16,093
16,758
17,419

11,922
12,346
12,394

,253
,366
,469

29
41
42

2,890
3,005
3,514

4,421
4,391
4,392

,744
,770
,751

2,204
2,186
2,161

107
73
104

366
362
374

167
170
187

Apr
May
June. ,

22,929
22,994
26,606

18,351
18,500
22,107

13,048
13,063
16,229

,517
,487
,652

40
35
35

3,746
3,915
4,191

4,381
4,315
4,286

,763
,703
,789

2,122
2,072
1,992

no
110
106

386
431
400

197
179
213

July
Aug
Sept

27,921
28,329
27,898

23,572
24,031
23,647

17,388
17,318
16,875

,801
,947
2,080

54
35
25

4,330
4,732
4,667

4,136
4,072
4,067

,679
,653
,776

1,929
1,847
1,804

116
122
107

412
448
379

213
226
184

Oct
28,166
28,559
Nov.
/27.S77
Dec. 7 . . . . \27,709

23,966
24,457
23,412
23,419

17,222
17,611
16,745
16,756

2,125
2,164
1,988
1,999

22
18
20
20

4,598
4,664
4,658
4,644

3,944
3,859
3,939
4,064

,711
,673
,709
,711

1,742
1,734
1,811
1,935

93
101
107
107

398
351
312
312

256
243
226
226

Oct.
Nov
Dec. 7

Deposits

To banks
and other
foreigners:
payable in
foreign
currencies

Demand

Time 2

Demand

Time *

1970 Jan
Feb.
Mar

27,890
26,661
25,923

23,637
22,545
21,758

16,671
15,475
14,709

2,063
2,089
1,959

22
27
21

4,881
4,955
5,068

4,013
3,893
3,966

,700
,667
,768

1,850
1,791
1,749

116
78
89

347
358
361

240
223
199

Apr.
May
June

26,692
26,233
25,852

22, 504
22,047
21 , 576

15,552
15,033
14,829

,790
,959
,859

19
20
26

5,143
5,035
4,862

3,974
3,984
4,086

,785
,710
,770

1,741
1,779
1,825

74
102
120

373
395
371

214
202
190

July
Aug
Sept. .

24,601
24,964
. . 24,516

20,444
20,840
20,402

13,920
14,445
14,153

,742
,723
,891

24
23
23

4,759
4,648
4,335

3,961
3,935
3,906

,663
,686
1,655

1,813
1,766
1,771

116
116
114

368
367
367

196
189
208

Oct.
Nov
Dec.

24,152
22,596
/21.166
\21 , 208

20,048
18,451
16,917
16,949

13,936
12,781
12,376
12,385

,952
,906
,326
1,354

21
19
14
14

4,139
3,745
3,202
3,197

3,902
3,950
4,029
4,039

1,608
1,653
1,688
1,688

1,798
1,819
1,886
1,895

127
115
131
131

369
364
325
325

202
195
220
220

For notes see next page.

Digitized for FRASER


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

944

INTERNATIONAL FINANCE
1
Data exclude "holdings of dollars" of the International Monetary
Fund.
2 Excludes negotiable time certificates of deposit (CD's), which are
included
in "Other,"
3
Principally bankers' acceptances, commercial paper, and negotiable
time CD's.
* U.S. Treasury bills and certificates obtained from proceeds of sales of
gold by the IMF to the United States to acquire income-earning assets.
Upon termination of investment, the same quantity of gold can be reacquired
by the IMF.
6
Principally the International Bank for Reconstruction and Development and the Inter-American Development Bank.
Includes difference between cost value and face value of securities in
IMF gold investment account
e Includes nonmarketable certificates of indebtedness issued to official
institutions of foreign countries.
T Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in coverage
with those shown for the preceding date; figures on the second line are
comparable with those shown for the following date.

Digitized for FRASER


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

945

8
Data on the two lines shown for this date differ because of.changes in
reporting coverage. Figures on the first line are comparable in coverage
with those shown for the preceding date; figures on the second line are
comparable with those published in the Federal Reserve Bulletin for the
following
date,
9
Foreign central banks and foreign central governments, and their
agencies, and Bank for International Settlements and European Fund
(beginning
1959).
10
Excludes central banks, which are included in "Official institutions."
u
Breakdown between liabilities "To banks" and "To other foreigners"
not available.

XT-,. <*cu~ *a ,
<
+
ui- *
ut
A
NOTE. Short-term
refers to obligations payable on demand or hav n
.
j S Vinal matur j t y ofK l ?ear le j s - 1 r
data on lon
g-term liabilities reported by banks, see Table 15.1,
ata

g
exclude the "holdings of dollars" of the IMF, and U,S.
Treasury letters of credit and non-negotiable non-mterestbearing special U.S. notes held by other international and
regional organizations.

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70
tin millions of dollars]

1942
Area and country

Dec.

Europe:
Belgium
Denmark
T7ir1'irrl

France
Germany
Greece. . .
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey. .
. ,
United Kingdom
Yugoslavia
U.S.S.R.
Other 1
Total . .

1944

1943

Mar.

June

Sept.

Dec.

1945

Mar.

June

Sept.

Dec.

Mar.

June

Sept.

Dec.

123
14

124
14

122
13

125
14

124
15

134
14

142
14

219
17

185
26

439
7
40
10
190
148
31
18
165
182
20
671
15
21
115

122
14
444
7
39
11
194
164
37
21
154
195
25
861
10
16
116

440
6
43
11
193
159
53
32
163
204
35
1,001
10
12
113

447
7
46
11
200
183
56
36
151
207
43
1,042
7
17
108

438
6
46
13
200
189
35
50
156
219
31
1,085
7
16
92

451

401

367

372

313

310

46
19
203
179
46
45
147
224
21
896
7
8
90

49
27
210
221
54
43
152
233
24
866
6
16
86

51
36
209
195
35
27
158
246
50
834
6 !
9
86

57
44
213
241
41
32
165
255
52
862
6
21
83

66
58
221
184
45
33
199
272
50
746
5
25
84

71
70
282
216
48
32
210
299
52
708
6
28
79

2 220

2 438

2 620

2 706

2,726

2,535

2,541

2,471

2,614

2,551

2 635

1,018

894

884

927

1,129

1,267

1,492

1,522

122
18

125
IB

125
15

432
1
39
12
187
132
36
17
154
173
30
555
18
14
97

433
8
40
12
191
145
37
17
157
176
19
513
18
21
99

2 051

2 037

Canada

507

767

815

745

813

Latin America:
Argentina
,
Brazil. .
Chile
Colombia
Cuba ...
Mexico
Panama
Peru
Venezuela
Neth. Antilles and Surinam
Other

68
68
34
43
100
96
37
18
21
21
93

65
86
36
51
87
70
47
16
24
20
124

67
102
49
54
80
107
50
18
22
35
135

68
105
54
55
81
57
53
19
21
35
119

70
99
54
67
70
70
58
17
24
41
123

67
144
52
63
74
65
57
18
27
38
134

70
131
64
80
127
78
62
20
22
39
146

66
144
45
86
125
89
64
23
32
37
147

94
141
55
84
139
83
69
28
31
36
149

73
128
52
81
141
129
82
33
49
34
162

73
146
67
76
190
164
86
36
41
29
169

78
182
63
93
1,54
164
89
39
44
33
172

77
195
66
79
128
116
89
44
50
28
174

598

626

718

666

694

739

839

858

909

964

1,077

1,111

1,046

361
42
13
160
5
255
64

384
42
17
146

414
23
22
136

466
24
13
104

574
24
18
110

641
24
13
108

641
23
17
106

616
24
27
109

427
23
22
111

554
22
21
116

"520
22
23
111

588
29
99

582
27
33
114

255
80

256
79

257
80

259
84

261
83

262
82

258
86

366
92

423
109

532
97

612
106

629
108

Total
Asia:
China
Hong Kong
India
Indonesia
Japan
Philippines
Other

:>2

Total

900

928

934

949

1,073

1,134

1,135

1,124

1,045

1,249

1,309

l,4(iO

1,497

Africa:
Morocco
South Africa .
U.A.R. (Egypt)
Others

12
11
7
97

16
7
7
114

23
8
7
132

18
6
6
136

10
4
6
130

9
6
6
116

5
8
6
96

5
4
7
87

4
8
7
102

4
7
9
90

4
6
11
90

6
8
14
110

10
6
19
118

Total

127

144

170

166

150

137

114

103

121

110

111

138

153

23

27

32

44

25

31

25

34

53

35

31

28

29

Other countries:
Australia
Allother a
Total . .
Total foreign countries

23

27

32

44

25

31

25

34

53

35

31

28

29

4,205

4,529

4,888

5,008

5,375

5,764

5,732

5,537

5,597

5,958

6,410

6,781

6,883

For notes see end of table.

Digitized for FRASER


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

946

INTERNATIONAL FINANCE
15.4

SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 46

Area and country

Mar.

Europe:
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal . . . .
Spain
Sweden . .
Switzerland
Turkey
United Kingdom
Yugoslavia
U.S.S.R
Other i . ,
Total
Canada

,. .

Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Venezuela
Neth. Antilles and Surinam. . .
Other
Total
Asia:
China
Hong Kong, .
India
Indonesia
Japan
Philippines
Other
Total. .
Africa:
Morocco
South Africa
U.A.R.2 (Egypt)
Other
Total
Other countries:
Australia
All other *
Total. .
Total foreign countries
International

Grand total . .

June

Sept.

Mar.

Dec.

June

Sept.

Dec.

Mar.

June

Sept.

Dec.

166
44
11
364
7
75
101
295
174
45
35
205
315
66
554
7
25
89

176
50
11
286
6
72
137
256
161
49
32
192
327
69
335
7
59
102

159
57
14
276
6
64
179
239
141
49
19
183
345
61
570
8
37
111

160
66
22
246
7
49
268
225
124
39
16
173
367
55
459
12
60
127

179
62
31
226
7
40
218
183
105
54
19
165
386
56
374
15
59
152

143
52
23
270
27
32
187
209
91
42
12
133
382
51
329
12
51
147

132
42
42
195
63
41
150
216
79
48
12
109
386
42
369
10
58
172

125
53
30
168
90
35
153
143
56
47
13
59
436
38
326
12
74
157

149
48
28
187
104
38
187
131
55
33
19
53
445
30
445
24
73
149

125
39
29
167
84
34
213
113
58
35
18
38
510
23
446
17
54
160

117
41
22
160
101
22
305
115
69
40
16
49
509
24
346
H
41
161

129
45
19
193
179
21
334
123
78
38
14
49
502
18
546
20
21
161

2,578

2,327

2,518

2,475

2,332

2,193

2,166

2,014

2,199

2,164

2,149

2,490

1 360

1,264

1,178

932

778

587

528

410

508

591

686

775

84
211
64
78
139
141
91
42
41
21
183

117
219
59
66
170
137
87
41
46
17
192

145
231
51
65
161
142
85
39
52
14
196

113
174
51
58
153
152
77
74
16
196

181
128
51
52
151
139
73
34
47
11
212

265
85
51
42
290
127
70
40
54
10
208

229
106
38
33
272
157
77
43
89
13
209

236
105
46
46
235
139
70
42
78
15
205

204
124
44
27
260
132
78
38
66
17
218

187
116
53
48
229
126
80
38
110
18
221

208
116
51
39
231
151
68
50
89
22
199

216
124
56
54
219
147
72
53
122
24
200

1 094

1,151

1,181

1,105

1,078

1,242

1 266

1,217

1,209

1,226

1,224

1,287

732
35
26
99
4
598
126

657
38
36
100
4
506
1311

525
38
36
129
10
465
132

432
45
44
127
17
447
150

373
39
41
123
19
447
125

339
41
41
95
17
449
114

270
45
54
71
18
464
101

230
40
62
69
31
489
99

174
39
53
61
85
476
105

143
48
73
35
79
465
119

182
49
45
52
74
496
183

216
51
52
41
81
488
205

1 620

1 , 472

1,335

1 262

1,167

1 096

1 023

1 020

993

962

1 081

1,134

10
9
19
123

11
13
18
121

13
25
20
110

15
47
21
104

16
44
20
100

14
40
23
83

12
38
24
85

10
46
25
82

9
45
36
81

9
9
27
79

11
9
36
90

11
16
28
91

162

163

168

187

180

159

159

163

171

124

146

145

24

24

40

46

40

48

47

31

25

19

19

22

41

24

24

40

46

40

48

47

31

25

19

19

22

6 837

6,401

6,420

6,007

5,575

5,326

5 190

4 854

5,105

5,086

5,304

5,854

90

210

269

468

666

709

819

665

541

486

481

473

6 927

6,611

6 689

6 475

6,241

6 035

6 009

5 519

5,646

5 572

5 785

6,327

For notes see end of table.

Digitized for FRASER


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

19 48

19 47

947

INTERNATIONAL FINANCE

15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 49

Area and country

Europe:
Austria . .
Belgium
Denmark
Finland .
France
Germany
Greece
Italy.
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey .
United Kingdom
Yugoslavia
U.S.S.R.. .
Other i

Total
Canada
Latin America:
Argentina .
Brazil
Chile
Colombia . .
. ,.
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Neth. Antilles and Surinam. . .
Other
.
...
Total . . .
Asia:
China Mainland 6
Hong Kong
India
.
....
Indonesia
Israel
Japan
Philippines
Taiwan 8
,
Thailand
Other
Total
Africa:
Congo (Kinshasa) . . .
Morocco
South Africa
U.A.R.2 (Egypt)
Other
Total
Other countries:
Australia
All other s
Total
Total foreign countries
International

Grand total

Mar,

June

19 50

Sept.

Dec.

Mar.

Sept.

Dec.

Mar.

June

Sept.

Dec.

(5)

(5)

(6)

(5)

143
44
16
170
188
29
400
126
83
40
15
51
509
21
517
12
13
184

124
33
18
194
160
28
384
121
69
33
10
56
513
15
410
7
12
187

127
32
17
167
148
25
286
166
61
31
10
62
510
15
439
9
11
179

120
38
25
172
149
30
304
171
69
38
16
90
512
10
574
g
10
188

43
119
29
19
157
180
32
260
179
79
36
12
106
574
10
662
7
14
158

35
105
36
16
219
228
39
280
226
67
32
9
113
595
13
912
6
19
171

35
112
36
16
248
286
42
304
256
80
39
13
110
600
12
703
5
10
146

42
128
45
18
261
222
32
315
194
44
46
21
115
553
14
657
4
13
263

45
121
48
19
233
242
34
306
199
54
53
17
105
505
17
639
g
2
204

44
124
45
23
246
357
39
276
135
60
46
18
99
509
12
620
7
5
177

57
133
45
23
223
503
41
288
135
103
48
14
89
512
12
513
5
4
152

^7
135
45
27
289
406
46
300
149
100
41
17
72
521
14
643
7
3
134

2,561

2,374

2,295

2 524

2 676

3 119

3 053

2 986

2 851

2 843

2 B99

3 006

871

780

827

869

857

830

1 333

899

829

964

1 023

1 307

225
98
52
42
224
145
79
46

230
116
56
52
168
163
70
53

201
193
61
86
164
215
74
53
143
26
221

221
141
70
80
185
176
81
52
58
110
27
191

238
125
62
54
237
153
74
50
66
117
30
171

269
187
77
66
261
176
72
58
74
102
29
174

302
226
80
53
259
207
59
60
75
85
30
175

345
260
70
44
276
109
52
55
82
90
31
234

344
212
70
58
328
124
58
54
75
76
25
250

'112
140
55
46
^12
144
59
53
BO
76
30
223

250
100
54
106
264
158
68
47
85
72
35
217

1 673

1 532

1 455

43
60
69
173
12
492
369
51
80
179

43
62
62
141
27
596
330
44
97
193

1 5?9

1 595

55

'50

(5)

(3)

12
105
68

54
22
7
111
65

(6)

(5)

113
24
221

188
24
218

222
145
58
51
180
184
69
59
(s)
99
28
224

1,269

1 338

1,319

1 437

1 391

1 376

1 544

1 613

1 646

179
53
52
35

124
82
60
27

111
84
63
16

(5)

(5)

128
414

119
68
61
36
(&)
142
388

161
348

215
297

104
89
62
28
25
275
289

96
107
51
42
15
339
291

101
89
56
73
13
398
318

32
86
56
115
13
459
374

(&)
209

(5)
252

(6)
242

165

24
121

30
118

35
131

48
132

43
66
60
138
14
406
395
36
53
181

1,070

1 066

1,044

951

1 017

1 089

1 213

1 364

1,394

38

(5)

(5)

(5)

41
62
80
136
20
343 1
404
38
66
198
1 387

()
11
15
37
96

12
9
54
89

11
6
62
69

(5)

(5)

(5)

6
59
78

16
57
55

15
58
62

34
64
61

58
18
44
76
40

51
(&)
21
85
65

159

164

153

148

157

169

196

235

222

227

2^6

258

17

20

32

32

21

19

16

19

27

26

22

39

(5)

(S)

30

36

17
89 !
66

17

20

32

32

21

19

16

19

27

26

22

39

5,947

5,743

5,671

5,960

6,120

6,602

7,355

7,117

6,969

7,120

7,240

7,661

558

554

405

369

334

272

276

223

168

219

229

317

6,505

6,297

6,076

6,329

6,454

6,874

7,631

7,340

7,137

7,339

7,469

7,978

For notes see end of table.

Digitized for FRASER


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

June

19 51

948

INTERNATIONAL FINANCE

15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 52

Area and country

Europe :
Austria
Belgium
Denmark .
Finland . . .
.
France
Germany
Greece .
Italy
Netherlands
Norway
.
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
U.S.S.R
Other i . . . .

Mar.

.,

...

Total.
Canada
Latin America:
Argentina . .
,
'. , , .
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay . .
. ,
Venezuela
Neth. Antilles and Surinam, . .
Other

June

19! 3

Sept.

Mar.

Dec.

54
132
39
27
251
362
41
292
150
104
42
18
62
545
11
784
7
2
183

50
137
34
21
299
453
42
267
203
95
41
18
68
601
21
793
11
2
147

74
137
51
26
404
486
40
292
345
104
51
20
78
614
9
866
14
5
274

91
124
70
29
343
551
47
309
203
110
57
19
91
642
8
818
12

3,105

3,303

3,891

1,340

1,503

189
100
57
95
288
172
68
56
83
67
29
259

147
81
54
74
317
196
74
57
98
130
32
258

June

19i54

Sept.

Dec.

Mar.

June

Sept.

Dec.

229

102
131
62
26
259
586
57
305
231
116
55
18
89
633
9
752
9
3
247

119
128
71
34
302
683
71
314
269
109
57
19
87
650
8
911
8
2
305

161
148
82
31
376
794
78
368
231
114
67
23
103
664
14
901
7
8
356

191
130
96
38
429
899
101
466
243
119
72
36
117
674
14
709
7
2
392

217
142
102
45
420
994
112
495
215
122
76
22
119
665
9
798
6
2
447

238
112
93
42
441
1,085
114
456
272
131
86
26
123
636
7
986
6
3
447

282
104
76
38
474
1,248
94
528
248
132
83
58
180
669
6
838
7
2
361

273
100
71
41
715
1,373
113
579
249
103
91
71
141
672
8
640
9
2
369

3,755

3,688

4,147

4,525

4,734

5,010

5,305

5,430

5,621

1,530

1,421

1,349

1,119

1,197

1,296

1,340

1,321

1,384

1,536

130
89
58
88
321
233
80
56
91
154
38
241

139
73
79
118
301
231
81
61
94
146
44
245

142
76
86
124
331
214
91
67
92
117
45
307

156
134
88
122
383
167
97
63
89
157
45
309

147
164
92
116
391
170
102
60
89
198
44
267

130
102
79
150
341
183
90
68
110
222
52
242

170
110
60
161
362
167
93
73
102
189
52
326

177
96
61
231
346
201
88
67
108
218
52
311

205
91
75
168
291
255
77
76
102
211
50
289

160
120
70
222
237
329
74
83
90
194
49
278

1,463

1,517'

1,581

1,613

1,692

1,809

1,840

1,768

1,867

1,955

1,890

1,906

39
68
46
141
20
682
(5)
332
39
121
188

39
66
59
176
30
731
(s)
333
' 37
127
173

39
71
55
87
22
773
(a)
320
46
158
215

38
71
65
61
19
808

36
71
76
67
15
897

315
38
181
240

325
35
193
287

37
67
87
38
16
892
83
307
34
198
168

37
69
93
35
19
932
76
309
39
191
186

36
68
99
39
18
828
92
295
37
168
216

36
65
82
68
34
676
103
310
44
155
229

36
65
91
59
29
615
106
299
40
130
212

35
64
73
87
33
669
95
309
35
125
239

36
61
87
100
41
721
96
257
34
123
265

1,677

1,771

1,786

1,837

2,004

1,927

1,987

1,896

1,802

1,682

1,764

1,821

Africa:
Congo (Kinshasa)
Morocco
South Africa
U.A.R.2 (Egypt)
Other

58
(5)
9
127
93

73
(5)
11
118
83

90
(5)
12
92
89

119
19
24
60
68

126
(s)
33
53
92

126
(s)
37
55
98

117
(5)
39
44
99

90
16
38
43
80

83
(5)
44
50
104

64
(s)
38
52
97

44
(6)
39
45
100

44
g
33
47
86

Total

288

283

283

289

304

317

299

267

281

251

228

217

38

50

54

47

55

67

54

59

50

48

35

48

Total
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea . . .
Philippines
Taiwan. .
Thailand
Other
Total . .

Other countries:
Australia
All other s
Total . .
Total foreign countries
International *
Grand total. . .

(5)

38

50

54

47

55

67

54

59

50

48

35

48

7,911

8,428

9,125

8,961

9,093

9,386

9,902

10,019

10,350

10,562

10,731

11,149

279

309

288

297

220

197

191

247

272

190

227

205

8,190

8,737

9,413

9,258

9,313

9,583

10,093

10,266

10,622

10,752

10,958

11,354

For notes see end of table.

Digitized for FRASER


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

(5)

949

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 55

Area and country

19 57

19 56

Mar.

June

Sept,

Dec.

Mar.

June

Sept.

Dec.

Mar.

June

Sept.

Dee.

275
99
69
38
750
1 411
130
611
222
64
92
93
121
650
10
637
8
2
368

269
107
54
38
785
1 397
127
646
202
71
94
109
119
685
12
689
11
3
371

280
104
64
41
980
1 425
134
759
199
68
112
120
147
684
9
575
9
1
275

261
108
60
49
1,081
1 454
176
785
164
82
132
104
153
757
9
550
13
1
208

252
124
71
45
1,123
1 487
183
806
193
54
133
99
171
733
10
770
13
1
276

247
105
68
47
877
1 638
165
861
206
55
124
90
169
736
7
750
9
1
325

277
117
64
55
755
1,805
150
926
168
63
132
68
190
812
14
745
11
1
392

296
117
65
53
626
1,835
177
930
134
6't
137
43
217
836
20
1,012
17
1
281

296
141
76
59
423
1 764
178
886
120
76
123
32
228
774
14
929
14
1
397

302
119
61
59
403
1,690
166
959
87
120
25
268
809
14
969
11
1
449

337
132
102
62
411
1 664
139
1,030
172
94
124
24
273
802
12
807
12
1
371

349
130
112
64
354
1,557
154
1,079
203
93
142
24
260
967
18
1,275
11
1
348

5,650

5,790

5,986

6,147

6,545

6,482

6,745

6,865

6,530

6,623

6,570

7,142

1 321

1,269

1,179

1,032

1,178

1,285 1

1,435

1,516

1,496

1,591

1,650

1,623

152
95
75
97
234
363
79
79
81
188
45
306

157
120
94
102
245
341
84
83
64
261
42
329

165
147
87
98
237
340
85
89
61
259
46
304

138
143
95
131
253
414
86
92
65
265
47
272

140
215
98
136
238
419
82
92
73
224
51
337

125
217
101
138
263
358
94
80
67
331
62
345

146
225
91
153
211
433
109
84
73
455
69
297

138
232
91
193
218
409
117
82
74
374
66
351

164
143
88
205
257
339
135
75
65
781
64
369

147
133
77
186
280
371
129
61
60
896
75
310

137
132
75
153
235
386
136
60
55
835
73
297

1,795

1,920

1,916

2,000

2,105

2,182

2,318

2,346

2,345

2,687

2,723

2,575

37
61
87
98
45
710
97
254
33
132
302

36
60
97
115
41
753
108
252
34
130
351

36
58
92
120
46
860
100
253
36
123
357

36
55
73
174
53
893
88
252
39
138
381

37
57
83
155
55
956
89
268
39
151
384

37
54
82
117
55
1,039 1
95
282
42
141
410

36
60
81
158
43
1,058
98
278
49
142
401

36
66
76
186
45
1,017
99
272
61
148
409

35
56
77
145
35
875
104
244
68
167
438

36
59
76
128
36
626
107
217
79
167
460

36
72
82
179
53
570
106
215
76
163
463

36
70
82
151
52
586
117
175
86
157
435

1 856

1 978

2 080

2 181

2,275

2,353

2,404

2,415

2,243

1,990

2,015

1,946

Africa:
Congo (Kinshasa)
Morocco .
South Africa
U.A.R. (Egypt)
Other 2

44
(5)
33
54
102

43
f5)
30
50
114

44
(5)
37
60
116

42
15
53
72
104

43

48
(s)
34
48
122

44
14
53
50
100

42
(s)
60
60
147

40
5

43
68
124

41
(*)
30
62
135

60
58
158

39
(5)
47
54
152

39
52
38
40
101

Total

233

237

257

285

279

268

251

262

308

316

292

270

57

64

72

75

76

79

71

84

80

75

81

85

Europe :
Austria . .
Belgium
Denmark
Finland . .
France
Germany,
Greece
Italy
Netherlands
Norway , .
Portugal. . . .
Spain
Sweden
Switzerland. . .
Turkey
United Kingdom .
Yugoslavia . .
U.S.S.R
Other i

. . .

Total
Canada
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru.
Uruguay
Venezuela
Neth. Antilles and Surinam. . .
Other
Total. .
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan ,
Thailand . .
Other

. . . .

Total .

Other countries:
Australia 3
All other
Total .
Total foreign countries
International

. ...

Grand total

(5)

C)

57

64

72

75

76

79

71

84

80

75

81

85

10,911

11,259

11,491

11,720

12,458

12,648

13,223

13,487

13,002

13,282

13,332

13,641

204

225

202

175

192

237

308

310

396

472

661

742

11,115

1 1 , 484

11,693

11,895

12,650

12,885

13,531

13,797

13,398

13,754

13,993

14,383

For notes see end of table.

Digitized for FRASER


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

141
259
106
123
271
395
104
82
76
405 |
67
288

no

950

INTERNATIONAL FINANCE
15 4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 59

19 58

Area and country

19 60

Mar.

June

Sept.

Dec.

Mar.

June

Sept.

Dec.

Mar.

June

Sept.

Dec.

Europe :
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
U.S.S.R,
Other !

355
110
131
61
319
1 511
154
1 066
323
107
155
28
258
900
13
1,260
7
1
573

363
109
114
47
298
1 468
122
1 071
293
108
154
31
254
827
12
1,060
6
1
617

418
106
162
63
413
1 733
112
1 087
337
101
157
33
292
799
10
1,076
651

411
115
169
69
532
1 755
126
1 121
339
130
163
36
303
852
20
873
9
2
682

417
117
138
75
644
1 385
138
1 231
347
108
175
30
294
846
20
1,123
6
1
649

391
118
110
71
981
I 467
154
1 409
356
113
151
35
350
878
21
1,084
7
11
533

394
129
113
71
1,157
1 436
161
1 578
435
103
151
67
330
905
32
1,056
6
2
555

331
138
137
71
655
1 987
186
1 370
485
95
138
86
213
969
3t
990
6
3
582

263
156
114
85
719
2,012
160
1,151
482
99
125
til
217
931
30
1,266
12
2
454

198
149
80
61
759
2,471
112
1,052
412
101
88
149
261
939
19
1,599
9
10
464

223
146
47
47
646
3,107
78
995
300
85
88
137
224
806
16
1,828
8
3
391

243
142
54
46
519
3 475
63
877
328
82
84
149
227
678
18
1,667
10
12
370

Total

7 334

Canada
Latin America:
Argentina
Brazil..
Chile .
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela .
Neth. Antilles and Surinam. . .
Other
Total . .
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
,
Thailand
Other
Total. .

n
i

6 951

7 560

7 708

7 744

8 238

8 681

8,473

8,389

8,932

9,178

9 046

1 626

2 001

1 944

2 019

2 087

2 122

2 245

2,198

2,357

2,530

2,658

2 439

144
116
77
135
235
378
148
62
86
709
66
321

140
125
86
125
281
332
140
73
78
740
62
324

131
133
84
137
274
370
148
72
80
514
72
278

150
138
100
169
286
418
146
77
82
494
79
263

180
178
95
189
263
401
156
74
96
508
74
307

206
154
130
204
242
406
147
77
89
500
78
318

337
151
185
217
164
442
129
82
62
277
88
275

388
156
152
204
149
432
128
72
62
245
87
310

388
162
144
189
130
355
116
77
60
301
94
329

370
173
137
167
105
374
127
70
64
333
88
310

315
194
135
158
77
397
123
72
51
398
72
314

2 478

2,506

2 291

2,403

2 522

2 551

2,364

2,408

2,385

2,346

2,318

2,308

36
68
79
89
48
704
121
188
92
157
420

36
66
81
89
48
803
117
164
88
148
431

36
65
73
91
40
889
128
177
93
140
360

36
62
77
108
56
935
145
176
99
133
377

39
62
90
119
62
998
147
173
94
138
419

36
57
99
77
86
1 101
145
168
90
134
446

36
58
119
108
78
1,141
150
180
87
127
475

36
60
114
139
87
1,285
148
172
94
141
505

36
65
104
150
87
1,365
141
178
95
149
495

35
58
59
155
80
1,476
139
198
90
160
381

35
59
50
162
59
1,705
148
224
89
172
301

35
57
54
178
75
1,887
152
203
84
186
204

2,002

2 , 072

2 092

2,205

2 337

2 439

2,560

2,780

2,865

2,830

3,003

3,115

45

31

42

268
169
171
197
202 '
400
157
88
71
278
85
279

Africa :
Congo (Kinshasa)
Morocco
South Africa
U.A.R, (Egypt)
Other 2

34
(5)
24
18
137

32

33
(5)

36
16
144

31
58
49
20
104

(5)

28
16
130

29
(5)
43
16
159

(5)

28
18
126

30
44
30
16
81

(5)

38
42
156

43
33
157

40
42
164

29
(5) 1
31
22
192

32
64
29
22
117

Total. .

282

213

204

200

207

231

246

262

274

283

274

264

82

75

74

79

83

91

109

110

109

114

100

88

Other countries:
Australia 3
All other
Total. .
Total foreign countries
International and
regional:
International 4 . . . ,
Latin American regional
Total
Grand total

(5)

(5)

82

75

74

79

83

91

109

110

109

114

100

88

13,805

13,817

14,165

14,615

14,980

15,673

16,206

16,231

16,379

17,035

17,530

17,260

668

789

764

752

718

742

951

1,031

1,062

1,002
88

1,149
115

1,327
115

668

789

764

752

718

742

951

1,031

1,062

1,090

1,263

1,442

14,474

14,606

14,929

15,367

15,698

16,415

17,157

17,261

17,441

18,125

18,793

18,701

For notes see end of table.

Digitized for FRASER


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

37

951

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 61

Area and country

Europe:
Austria
Belgium
Denma rk
Finland
France
Germany
Greece
Italy
....
Netherlands.
Norway
Portugal
Spain
Sweden , ,
Switzerland
Turkey
United Kingdom.
Yugoslavia
U.S.S.R..
.
Other 1
Total . . . . . .
Canada . .
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
. .
Peru
Uruguay
Venezuela
Neth, Antilles and Surinam. . .
Other

Aug.

Sept.

Oct.

Nov.

2,970
59
1,008
252
101
80
134
423
552
13
1,691
7
7
374

212
300
38
87
871
2,791
55
1,098
200
105
84
133
387
661 !
17
2,431
8
6
375

228
311
48 i
89
890
2,750
43
1,151
223
105 ,
S6
128
386
705
19
2,619
8
7
418

228
311
56
92
888
2,544
43
1,191
227
110
88
133
391
689
21
2,676
8
7
412

241
330
49
89
957
2,531
50
1 203
231
99
90
134
379
712
28
2.505
9
6
361

255
326
52
91
989
2,841
67
1 234
216
105
99
153
406
875
26
2,226
12
5
342

9,300

9,857

10,214

10,113

10,004

10,322

2,712

2,701

2,649

2,907

3,029

2,758

283
186
124
119
58
333
78
71
50
428
90
365

278
231
116
150
53
339
77
83
50
439
87
373

275
218
125
134
49
430
78
86
52
367
84
352

263
263
130
137
45
413
79
76
49
448
87
354

246
254
96
137
46
403
84
73
50
406
88
360

240
260
96
130
45
439
85
77
53
416
87
354

235
228
105
147
43
494
87
84
57
418
89
354

Jan.

Feb.

Mar.

Apr.

May

June

213
132
54 i
45
579
3,502
49
794
275
80
81
114 1
229
612
21 i
1,633
9
7
288

205
136
52
47
687
3,583
52
724
246
85
80
127
233
568
19
1,567
7
6
265

198
147
58
44
591
3,510
67
784
280
85
76
111
268
556
24
1,754
14
6
307

194
183
57
44
633
3,184
68
823
265
84
80
118
282
538
17 1
1,619
10
6
364

189
220
47
51
723
3,086
62
858
250
99
82
125
339
522
13
1,642
7
6
386

186
233
50
67
842
3,075
59
925
271
104
73
135
404
579
16
1,709
9
9
405

8,717

8,689

8,878

8,569

8,708

9,151

2,437

2,620

2,659

326
185
128
149
62
358
89
66
49
458
84
347

308
220
119
132
61
332
80
64
46
454
83
352

2,442
299
203
120
174
68
367
108
65
49
378
70
309

2,421
289
170 I
112
172
66
349
100
62
52
446
69
316

2,429
313
193
133
160
63
336
95
65
47 |
494
77
342

July

195
310
36
77

1,012 ;

Dec. 1 1

Total

2,210

2,204

2,318

2,302

2,252

2,183

2,274

2,250

2,344

2,244

2,283

2,340

Asia:
China Mainland.
Hong Kong . . . .
India
Indonesia
Israel
Japan
Korea
Philippines . .
Taiwan
Thailand
Other,

35
57
45
181
67
1,953
139
193
84
195
204

35
52
44 1
150
69
1,990
145
198
81
209
232

35
53
48
101
62
2,027
155
195
76
214
224

34
51
40
89
50
2,096
154
172
77
215
226

35
51
43
86
42
2,036
163
173
77
223
257

35
52
41
85
47
1,983
168
163
81
227
259

35
52
37
74
51
1,913
178
182
80
231
270

35
53
78
78
64
1 , 766
186
174
89
237
278

34
55
86
77
62
1,649
194
152
90
240
257

35
59
88
92
65
1,535
195
134
92
240
272

35
59
90
82
62
1,532
198
150
90
248
273

35
55
78
76
63
1 , 590
199
185
92
264
254

Total

3,153

3,205

3,190

3,202

3,185

3,142

3,105

3,038

2,896

2,807

2,819

2,892

33

30

29
(a)
40
16
196

27
(5)
40
21
181

43
( fi >
46
15
185

39
(5)
46
15
192

38

12
199

34
93
32
15
116
289

Africa :
Congo (Kinshasa)
Morocco
South Africa
U.A.R.2 (Egypt). .
Other

39
20
178

%20

184

31
(5)
31
21
182

30
21
187

192

39
16
199

Total

270

274

265

269

276

284

281

269

288

292

294

72

73

83

124

76

83

81

79

86

90

91

Other countries;
Australia
All other >
Total .
Total foreign countries
International and
regional:
International 4 . .
Latin American regional
Total. . . .
Grand total

33

(3)

32

(5)

22

5822

98

72

73

83

124

76

83

81

79

86

90

91

98

16,863

16,867

17,163

16,904

17,117

17,502

17,754

18,195

18,477

18,452

18,520

18,699

1,335
114

1,201
90

1,224
79

1,288
61

1,317
62

1,305
52

1,339
51

1,226
47

1,253
48

1,259
71

1,274
64

1,260
57

1,450

1,291

1,303

1 , 349

1 , 379

1,356

1,391

1,273

1,301

1,330

1,337

1,317

18,313 1 18,158
1

18,466

18,253

18,496

18,858

19,145

19,468

19,778

19,782

19, 57

20,015

For notes see end of table.

Digitized for FRASER


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

(5)

952

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]

1962

1961
Area and country

Europe:
Austria , .
Belgium
Denmark
Finland.
France
Germany
Greece
Italy
Netherlands
Norway
Portugal . . .
Spain
Sweden
Switzerland . .
Turkey
United Kingdom
Yugoslavia . . .
U.S.SR.
Other i

. ,

...

Total
Canada
Latin America :
Argentina
Brazil
Chile
Colombia . .
Cuba
Mexico
Panama
. . .
Peru
Uruguay, . .
Venezuela
Neth. Antilles and Surinam
Other
...
Total...
Asia:
China Mainland
Hong Kong, ,
India
Indonesia
Israel
.
Japan
Korea . . . .
Philippines
Taiwan
Thailand
Other . , .

. ...

...

Total
Africa :
Congo (Kinshasa)
Morocco
South Africa .
U.A.R.2 (Egypt)
Other

. .

Total
Other countries:
Australia
Allother a
Total
Total foreign countries
International and
regional:
International 4
Latin American regional . . . .
Total
Grand total

Dec. II 7

Jan.

Feb.

Mar.

Apr,

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec. I'

255
326
52
91
989
2,842
67
1,234
216
105
99
153
406
875
26
2,227
12
5
342

256
357
52
90
1,083
2,299
76
1 , 248
218
93
93
159
392
775
34
2,502
13
4
346

262
328
55
90
1,097
2,401
85
1,100
263
103
91
152
394
819
37
2,566
10
4
335

250
319
49
77
1,189
2,534
98
1,187
241
112
86
165
403
818
20
2,491
15
2
328

229
293
49
74
1,261
2,518
104
1,185
247
141
98
160
391
808
19
2,469
11
2
312

238
293
60
70
1,445
2,509
103
1,147
259
123
108
153
415
830
16
2,399
11
2
294

277
258
52
71
1,394
2,622
110
1,187
307
101
130
159
425
951
23
2,264
12
2
253

291
204
44
68
1,046
2,543
100
1,095
339
103
132
176
425
913
17
1,853
12
3
255

316
184
52
70
1,080
2,592
98
1,244
258
117
137
144
463
832
17
1.846
13
3
267

325
170
47
74
1,162
2,799
101
1,292
276
112
141
160
458
837
22
1,802
12

319
190
55
73
1,205
2,823
103
1,310
259
109
156
151
458
885
26
1,853
12
2
282

305
195
69
72
1,271
2,770
113
1,296
243
115
154
165
483
837
25
1,893
15
3
300

329
177
67
73
1,157
2,730
119
1,384
248
125
161
111
490
908
25
1,609
11
3
404

10,322 10,089 10,190 10,386 10,369 10,474 10,599

9,620

9,730 10,065 10,273 10,324 10,196

2,758

2,909

2,761

2,490

2,503

2,514

2,897

3,120

3,416

3,480

3,894

3,667

3,349

235
228
105
147
43
495
87
84
57
418
89
354

228
252
99
119
41
474
79
79
68
397
86
376

217
241
95
139
40
474
83
80
80
381
88
390

243
207
114
137
39
506
82
90
75
400
92
412

221
255
110
140
38
517
90
92
75
447
97
433

209
236
110
142
37
491
91
90
72
379
90
439

208
225
131
159
37
503
87
90
79
364
87
463

231
201
113
149
37
474
87
96
73
436
96
433

210
198
106
143
36
454
87
104
87
394
93
427

230
213
104
145
36
431
85
107
92
379
94
413

187
180
112
152
15
437
84
103
90
417
92
394

205
176
101
136
15
492
87
103
85
407
95
393

210
204
135
148
15
531
98
105
101
405
97
398

2,340

2,297

2,306

2,398

2,516

2,385

2,433

2,427

2,338

2,329

2,262

2,295

2,448

35
56
78
76
63
1,672
199
185
92
264
254

35
59
75
86
63
1,681
188
202
98
276
245

35
57
74
100
87
1,723
187
171
103
293
255

36
58
74
94
71
1,848
183
165
92
306
262

36
58
70
88
78
1,812
181
173
90
314
274

35
62
54
80
76
1,855
174
184
85
323
266

35
56
49
82
76
1,906
164
179
85
327
253

35
60
39
79
76
1,903
160
169
86
327
264

35
60
39
83
89
1,942
155
169
82
327
252

36
57
46
33
81
2,040
153
161
80
326
268

36
63
49
39
74
2,104
147
163
78
326
267

36
62
51
26
81
2,111
142
171
76
324
286

36
65
41
28
81
2,195
136
174
75
333
279

2,974

3,008

3,085

3,189

3,174

3,194

3,212

3,200

3,233

3,280

3,345

3,365

3,444

34
93
32
15
116

31

28

27

27

40

41

35

31

38

36
14
205

36
16
213

43
17
210

42
25
232

37
(*)
39
19
222

37

32
21
204

36
22
232

45
13
232

47
12
236

42
13
226

43
17
227

35
68
41
14
166

289

288

283

291

297

340

317

327

332

331

312

324

324

98

127

95

101

96

97

104

122

126

131

155

158

147

98

127

95

101

96

97

,104

122

126

131

155

158

147

18,781 18,719 18,721 18,855 18,954 19,002 19,562 18,816 19,176 19,617 20,240 20,135 19,908
1,260
57

1,267
56

1,456
54

1,629
60

1,699
60

1,760
55

1,733
62

1,723
65

1,852
82

1,777
84

1,792
126

1,882
125

1,877
173

1,317

1,322

1,510

1,689

1,759

1,815

1,795

1,788

1,933

1,861

1,918

2,007

2,050

20,098 20,041 20,231 20,544 20,713 20,817 21,357 20,604 21,110 21,477 22,158 22,141 21,958

For notes see end of table.

Digitized for FRASER


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

273

953

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]

1962
Area and country

Europe:
Austria
Belgium
Denmark
Finland . ,
France
.
Germany
Greece . . ,
Italy
Netherlands
Norway , .
Portugal . .
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe l , , .
U.S.S.R..
Other Eastern Europe
Total
Canada
Latin America :
Argentina
Brazil. . .
Chile
Colombia
Cuba
Mexico
Panama . .
Peru
Uruguay
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth, Antilles and Surinam
Other
Total . .
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
. .
Japan . .
Korea . . .
Philippines
Taiwan.
Thailand
Other . .
Total
Africa :
Congo (Kinshasa)
Morocco
South Africa
U.A.R. (Egypt)
Other
Total
Other countries:
Australia
All other
Total
Total foreign countries.
International and
regional:
International 4
Latin American regional, . .
Other regional *
Total
Grand total

Dec. IF

329

111

67
73
1,157
2,730
119
1,384
248
125
161
177
490
908
25
1,609
11
359
3
a 12

19 63

Jan.

Feb.

Mar. 1 Apr,

320
180
56
75
1,272
2,495
142
1,182
232
120
167
184
476
861
30
1,923
14
272
3
912

317
192
44
75
1,361
2,413
162
1,123
216
134
161
209
507
813
36
2,041
13
S273
3

305
186
65
79
1,419
2,475
166
1,099
228
130
157
191
492
812
22
2,183
10
8
247
2
99

9 12

276
211
69
70
1,438
2,456
171
1,121
286
131
159
169
480
751
21
2,056
11
8
223
3
9 12

June

310
288
234
244
74 I
80
70
68
1,578 1,727
2,670 2,709
174
174
1,054 1,133
324
316
135
130
153
147
162
163
483
517
890
718
20
16
1,948 1,907
11
12
192
172
2
3
20
19

July

Aug.

Sept.

354
218
99
76
1,444
2,771
181
1,195
238
136
i51
184
470
809
16
1,800
12
177
2
19

392
281
101
75
1,486
2,844
176
1,287
226
133
146
201
432
790
27
1,854
15 1
179
3
19

399
311
116
73
1,479
2,873
181
1,249
329
127
149
177
434
824
21
1,747
15
265
2
17

Oct.

372

410

128
78
1,434
2,965
174
1,029
367
119
152
164
419
857
26
1,807
15
325
2
21

Nov.

Dec.

"147

365
420
161
99
1,478
3,041
188
03
360
133
191
205
409
906
21
1,483
16
465
>
24

*Qt

144
86
1 , 4 99
3,041
183
77
361
119
162
172
431
831
25
1,706
16
395

20

10,162 10,014 10,106 10,277 10,114 10,282 10,762 10,354 10,666 10,789 10,865 10,819 10,770
3,349

3,295

3,261

3,139

3,227

3,244

3,174

3,073

3,128

3,107

3,373

3,493

2,988

210
204
135
148
15
531
98
105
101
405
(5)

211
188
131
183
14
558
96
105
90
455
(&)

235
173
118
177
14
589
102
103
95
413
(s)

266
192
125
167
15
596
97
108
96
436

432

462

95
486

335
167
124
165
15
627
110
113
94
498
357
133
95
49

342
169
129
183
14
596
111
121
91
504
331
138
98
49

383
151
114
157
13
658
109
126
93
559
326
129
93
30

399
160
117
168
12
670
113
129
91
541
322
126
89
32

404
1S1
133
155
13
665
117
141
92
532
310
132
94
36

381
185
122
163
12
632
111
153
93
616
307
128
87
30

350
139
135
162
11
634
125
155

398

309
198
120
163
15
639
103
110
91
505
(5)
(*)
94
515

581
306
134
82
30

375
179
143
169
H
669
129
158
113
591
355
136
93
15

2,448

2,561

2,576

2,678

2,862

2,880

2,876

2,940

2,969

3,003

3,019

3,034

3,137

36
65
41
28
81
2 195
136
174
75
333
279
3 444

36
62
46
30
87
2,204
129
174
79
348
323

36
61
45
30
93
2,191
120
181
81
361
324

36
61
49
30
96
2,254
116
180
88
367
343

35
66
40
33
95
2,268
108
176
92
368
363

35
61
47
34
97
2,305
99
179
100
371
375

35
64
48
32
106
2,309
92
202
108
376
361

39
61
49
34
91
2,315
87
204
114
379
365

35
35
62
65
48
55
33
23
96
93
2,309 2,385
86
86
210
197
122
126
384 !
382
356 :
332

35
67
51
32
105
2,403
91
209
134
382
344

35

113
2,456
1CS
196
Ml
379
381

35
66
51
48
112
2,484
113
209
149
382
353

3,518

3,523

3,621

3,644

3,704

3,733

3,737

3,741

3,779

3,852

3,955

4,001

35
68
41
14
2 166

35
(5)
43
13
2232

36
(5)
44
16
2238

32
(&)
19
46
= 235

32
(3)
46
19
2236

29
103
49
15
107

30
101
38
17
105

30
88
45
15
109

30
85
48
13117

24
77
40 ;
12
111

24
71
43
18
109

24
S9
55
14
121

26
49
41
14
112

324

324

334

332

333

303

291

286

293

264

265

274

241

147

142
(3)

137
(3)

142
(3)

149

(3)

(3)

149
16

160
15

147
15

149
15,

146
14

148
16

171
14

180
13

147

142

137

142

149

165

175

162

164

160

164

185

194

('*)
97

(5)

(5)

no

69

4-9
21

19,874 19,854 19,937 20,189 20,328 20,578 21,011 20,553 20,961 21,102 21,538 21,760 21,330
1,709
145
18

1,877
173
34

1,846
172
30

1,823
174
26

1,782
154
28

1,816
157
19

1,676
140
20

1,655
136
26

2,084

2,048

2,022

1,964

1,992

1,836

1,816 t 1,871

1,585 1,549
139 i
137
18
18

1,531 1 1,44:,
122
120
17
17

1,742

1,669

1,705

1 , 580

1,411
118
18
1,547

21,958 21,902 21,959 22,153 22,320 22,414 22,827 22,424 I 22,703 22,807 23,206 23 , 340 22,877

For notes see end of table.

Digitized for FRASER


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

May

954

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 64

Area and country

Europe:
Austria
Belgium
Denmark .
Finland
France
Germany
Greece
Italy
Netherlands .
Norway
Portugal
Spain
Sweden
Switzerland
Turkey. .
United Kingdom
Yugoslavia
Other Western Europe 1
USSR.
Other Eastern Europe. . .
Total
Canada
Latin America:
Argentina . . . . .
Brazil
Chile . .
Colombia
Cuba ,
Mexico
Panama
Peru
.
Uruguay
,
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam. . .
Other

Jan.

Feb.

322
431
157
108

Mar.

Apr.

May

June

297
437
191
111
1 406
2 386
'156
849
254
117
189
218
415
1 043
16
2,008
13
514
3
21

341
439
195
112
1 518
2 303
148
866
264
159
193
241
420
1 063
15
1,931
14
372
4
20

310
440
197
102
t 552
2*535
150
891
223
157
190
264
433
1 138
14
1,714
14
309
3
25

Aug.

Sept.

Oct.

Nov.

327
396
213
105
558
360
146
928
310
167
216
296
451
121
13
864
14
278
4
23

355
424
229
105
1 525
2 361
133
1 057
317
171
230
376
509
1 102
12
1,951
13
254
3
21

355
426
260
109
1,529
2,288
132
1,121
363
174
224
396
551
1,121
18
1,920
16
260
3
20

293
444
269
112
1 524
2,184
159
1,263
356
186
228
409
563
1,083
22
1,848
12
254
2
23

349
473
280
110
1 600
2 152
172
1 434
447
182
228
410
653
1 199
27
2,004
15
251
3
21

323
436
336
127
1 663
2 010
174
1 622
367
183
257
394
644
1 370
36
1,900
32
357
3
19

July

Dec. I '

1,777

1,735

13
320
2
22

342
406
167
110
1,411
2,858
162
784
297
104
192
234
428
986
20
1,787
13
357
3
19

10,752

10,618

10,679

\0 643

10 618

10 662

10 791

11,148

11,285

1 1 , 233

12 012

12 253

3,100

3,034

2,684

2 903

2 932

2 743

3 030

3,064

2,873

3,411

3 471

2 983

381
169
131
174
11
684
111
168
105
646

392
172
136
173
11
708
113
173
104
592

377
178
142
190
12
707
90
191
98
717
412
154
86
11

402
189
135
178
11
659
90
197
104
687
425
155
85
14

350
174
184
173
11
649
105
204
105
656
426
166
93
16

336
176
168
164
10
666
85
218
106
769
427
171
93
14

307
221
172
149
10
674
92
214
112
707
419
166
96
19

313
210
181
169
10
638
89
204
109
675
404
175
98
16

305
233
163
162
10
663
96
199
113
763
405
178
105
16

279
253
151
177
10
773
103
196
111
714
410
174
113
15

290
257
176
207
10
734
99
206
110
729
411
180
114
15

360
440
176
93

1 487
2 999
177
685
319
107
199
206
421
915
18
14
334
3
23

1 , 467
3 , 1 57

167
536
289
96
200
217
431
919
28

1
2

1
1

358
128
88
16

2191
125
87
. 14

376
179
138
181
11
681
91
173
106
616
397
141
88
13

Total

3 171

3 191

3 192

3 365

3 332

3 313

3 400

3 358

3 290

3 411

3 480

3 537

Asia:
China Mainland
Hong Kong . . . .
India
Indonesia ....
Israel
Japan .
Korea
Philippines.
Taiwan
Thailand
Other

35
78
51
44
121
2,453
122
201
166
385
384

36
72
52
54
129

1126
203
177
400
441

36
72
56
45
132
2 437
'120
205
215
416
512

36
71
67
40
140
2 416
115
203
219
416
510

36
71
64
42
135
2 467
106
204
232
425
490

35
75
62
40
133
2 478
218
249
426
523

35
80
56
27
128
2,545
101
216
248
439
507

36
77
60
28
134
2,592
103
230
238
442
533

36
74
55
36
132
2,587
103
227
240
437
571

35
85
63
37

2,417

36
74
55
46
126
2,469
124
209
200
409
472

2 608
106
228
221
444
585

35
95
59
38
133
2 719
104
233
221
458
543

4 041

4 106

4,218

4 246

4 232

4 271

4 339

4 383

4,474

4 497

4 553

4 638

25
48
42
17
114

25
41
43
19
110

26
33
43
24
122

25
24
46
26
113

24
19
49
21
117

25
17
38
22
124

24
20
44
24
119

23
18
38
20
124

24
17
46
22
123

26
8
48
23
139

25
7
51
19
135

26
7
50
24
141

246

238

247

235

230

227

233

224

231

244

238

247

157
15

170
14

162
15

162
22

164
21

166
19

168
22

162
20

169
20

165
23

163
18

176
15

. . . .

Total
Africa:
Congo (Kinshasa)
Morocco. . . .
South Africa
U.A.R. (Egypt)
Other. . .
....
Total
Other countries:
Australia
All other
Total
Total foreign countries. .
International and
regional:
International 4
Latin American regional
Other regional
Total ,
Grand total

140

172

184

177

184

185

186

190

183

189

188

181

192

21 482

21,372

21 , 197

21,575

21 529

21 402

21 983

22 359

22,341

22 984

23 934

23 849

1,446
115
17

1,430
109
17

1,382
108
19

1,374
173
16

1 439
163
16

1 416
146
25

1 411
144
18

1 432
143
18

1,436
138
17

1 459
143
18

1 455
144
18

1,447
150
22

1 577

1 556

1,510

1 563

1 617

1 587

1 573

1 593

1 591

1 620

1 618

1 618

23 , 060

22,928

22,706

23,138

23 146

22,989

23 556

23 952

23,932

24 604

25 552

25 467

For notes see end of table.

Digitized for FRASER


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

'too

955

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]

1964
Area and country

Europe:
Austria. .
Belgium
Denmark .
Finland
France
Germany ,
Greece . . .
Italy
Netherlands
Norway. . .
Portugal
Spain
Sweden . .
Switzerland . . .
Turkey .
United Kingdom
Yugoslavia
Other Western Europe *
U.S.S.R..
Other Eastern Europe

19 65

Dec. IP

Jan.

Feb.

Mar.

Apr.

323
436
336
127
1 663
2,010
171
1 622
367
184
257
394
644
1,370
36
1,884
32
358

296
470
344
129
1 530
1,928
161
1,592
355
153
257
408
682
1,321
26
2,035
21
253

19

24

269
459
334
126
1,584
1,916
148
1,571
339
174
267
338
717
1,308
21
2,074
17
324
2
24

247
413
338
116
1 333
1,894
146
1 446
313
203
266
278
739
1,225
27
2,197
21
296
2
24

214
460
318
122
1 273
1 879
144
1 345
328
197
264
244
724
1,209
19
1,890
17
341
3
21

May

June

July

206
463
255
113

222
420
271
104

248
425
269
104

1 174
1,711

1 213
1,540

1,089
1,363

1,357

1 440

1,314

278
232
248
231
719

308
214
241
234
724

1,199
22
2,055
16
328

1,299
19
2,489
18
390

19

21

1,271
15
2,463
15
296
4
25

144

285
205
246
197
748

147

144

Aug.

263
444
242
100
1 181
1,233

148

1 486

316
224
256
271
707

1,319
19
2,727
56
292
1
25

Sept.

259
418
238
94

1 111
1 363

Oct.

Nov.

261
411
260
113

263
404
275
105

1 036
1,385

143

1 045
1,424

150
1 368

1 328

1 328

1,333

1,268
27
3.D32
48
287

330
231
277
254
704

1,383
24
2,962
57
303
2
27

356
240
280
229
699
30

3,146

49
245
2
29

133
373
239
303
210
667

27

Dec.

250
398
305
108
997
1,429
151
I 620
339
323
322
183
647
1,369
34
2,714
36
369
4
30

12,236 11,986 12,013 11,523 11,010 10,745 11,305 10,766 11,310 11,554 11,576 11,461 11,627

Total

2,984

2,961

2,941

2,521

2,549

2,509

2,403

2,615

2,783

2,816

3,042

2,970

2,573

291
258
176
209
12
735
99
206
111
734
416
189
114
14

298
280
189
177
12
699
102
242
115
764
419
191
115
16

301
305
161
197
11
710
111
244
119
720
446
217
118
16

301
329
164
169
11
743
111
267
123
702
474
221
114
19

314
298
159
171
11
700
105
248
128
800
482
232
110
21

337
370
161
180
11
726
113
262
118
761
463
222
112
23

310
340
198
159
11
687
124
263
124
696
472
216
115
18

327
339
187
162
11
623
114
259
123
782
497
208
109
20

354
410
184
171
10
622
106
267
126
739
496
181
109
18

382
412
205
167
10
641
113
256
128
690
494
170
114
20

414
356
195
191
10
611
114
251
132
738
498
179
113
23

397
382

116
244
129
715
301
177
111
20

432
383
219
214
10
703
120
257
137
738
519
165
113
17

Total

3,563

3,619

3,676

3,748

3, 111

3,860

3,734

3,762

3,793

3,804

3,827

3,836

4,027

Asia:
China Mainland
Hong Kong.
India
Indonesia
Israel
Japan . . . .
Korea
Philippines
Taiwan . . .
Thailand.
Other

35
95
59
38
133
2,767
104
233
221
458
543

35
96
65
26
131
2,764
116
243
225
471
618

35
100
70
30
134
2,791
111
259
230
484
615

35
95
61
27
128
2,863
100
252
232
488
703

35
98
65
28
116
2,797
93
252
232
488
774

35
100
67
29
107
2,803
91
248
227
494
776

35
94
72
23
111
2,843
88
250
229
496
747

36
97
86
34
114
2,830
88
280
226
501
804

35
101
78
22
108
2,897
92
265
228
503
764

35
104
76
23
114
2,947
101
278
227
502
712

35
106
76
34
115
2,972
103
283
228
506
718

35
108
83
31
118
3,020
110
290
220
513
762

35
113
84
31
127
3,014
108
304
211
542
718

Total

4,687

4,791

4,859

4,984

4,978

4,978

4,986

5,094

5,095

5,119

5,176

5,288

5,286

26
7
47
24
135

23
8
57
28
131

33
8
62
28
142

37
9
49
24
143

35
10
53
25
146

31
16
54
27
154

30
18
49
22
158

18
17
52
24
151

17
16
61
24
164

14
22
58
20
157

12
31
53
19
157

11
30
57
19
158

12
17
51
30
170

238

246

273

263

268

283

277

262

283

271

272

274

280

176
15

201
18

178
21

182
22

184
25

198
23

203
25

195
24

196
22

199
24

222
22

234

254
24

192

218

199

204

210

221

228

219

218

223

244

Canada
Latin America :
Argentina
Brazil . . . .
Chile
Colombia
Cuba
Mexico. .
Panama . . . . . .
Peru
Uruguay .
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam
Other

Africa:
Congo (Kinshasa)
Morocco.
South Africa
U.A.R. (Egypt)..
Other
Total
Other countries:
Australia .
All other
Total
Total foreign countries
International and
regional:
Internaitonal 4
Latin American regional
Other regional
Total
Grand total

...

201
10

r>44

:>2
2:>7

278

23,900 23,821 23,962 23,241 22,792 22,597 22,933 22,717 23,482 23,787 24,137 24,086 24,072

1,447
150
22

1,457
156
19

1,465
150
17

1,492
147
19

1,497

1,480

1,472

144
15

1,478

1,434

1,442

130
9

122
14

1,424

153
13

120
12

1,4?.5
124
12

1,361
107
10

1,618

1,632

1,632

1,658

1,669

1,647

1,631

1,630

1,573

1,578

1,557

1 , 562

1,479

157
15

140
12

25,518 25,453 25,594 24,899 24,461 24,243 24,564 24,347 25,054 25,365 25,694 25,64>9 25,551

For notes see end of table.

Digitized for FRASER


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

:188

956

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 66

Area and country

Europe:
Austria
Belgium
Denmark . . .
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal .
Spain
Sweden
Switzerland
Turkey . . .
United Kingdom
Yugoslavia
Other Western Europe 1
U.S.S.R. .
Other Eastern Europe
Total. .
Canada
Latin America :
Argentina . .
Brazil
Chile
Colombia . . .
.
...
Cuba :
Mexico
Panama
Peru
Uruguay . .
.
...
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam . . .
Other
Total . .
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
...
Korea
Philippines. . .
Thailand
Other

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

232
392
323
102
985
1,449
148
1 483
255
231
299
152
644
1 331
34
3,212
14
353
4
30

202
366
331
103
997
1 , 438
157
1 , 325
257
240
291
658
1,353
35
3,095
20
345
4
27

211
370
341
95
1,071
1,420
144
1,326
271
254
294
118
651
1,456
39
3,201
14
358
3
27

203
380
347
91
1,024
1,409
142
1,378
242
284
295
120
661
1,466
28
3,062
16
342
3
27

208
379
323
86
1,068
1,479
144
1,409
272
311
281
132
671
1,585
28
3,117
16
330
3
27

206
378
321
72
1,142
1,756
137
1,519
230
328
285
115
688
1,610
21
3,120
21
353
2
29

205
406
295
70
1,169
2,025
131
1,725
344
347
306
138
672
1,696
18
3,350
20
397
4
31

180
389
271
66
1,137
2,086
129
1,667
331
299
322
174
673
1,692
26
3,901
27
380
6
29

233
378
287
61
1,075
2,220
135
1,525
325
284
320
181
693
1,757
24
3,609
32
358
6
32

208
418
285
57
1,096
2,423
141
1,447
335
265
320
155
674
1,747
31
4,165
40
333
6
33

183
462
272
53
1,124
2,571
145
1,367
364
283'
343
160
655
1,764
30
4,414
33
314
5
33

196
420
305
58
1,071
2,583
129
1,410
364
283
358
162
656
1,805
43
3,839
37
235
8
40

11 672

11,358

11,660

11,522

11,868

12,331

13,349

13,785

13,534

14,178

14,574

14,000

2 561

2 , 589

2,308

2,460

2,359

2,171

2,291

2,164

2,191

2,400

2,456

2,509

424
364
210
189
9
728
126
248
144'
788
511
164
119
18

461
367
18(5
174
11
742
135
23:5
164
721
541
182
118
18

487
281
202
177
10
740
135
252
157
701
546
186
127
24

503
266
199
196
9
727
145
240
161
787
547
174
128
16

518
342
205
193
9
716
146
233
167
762
529
183
125
19

485
330
195
182
10
589
156
247
179
700
534
182
126
19

473
314
198
189
9
566
144
230
180
735
541
165
117
19

489
327
201
182
9
541
145
227
166
698
537
158
117
20

474
345
238
186
10
523
149
216
156
679
510
179
115
21

438
365
238
183
10
555
148
238
156
738
521
178
121
23

417
362
226
176
9
606
152
236
161
694
517
174
108
24

418
299
261
178
8
632
150
249
161
707
522
177
104
17

4,043

4,055

4,026

4,099

4,149

3,933

3,881

3,817

3,800

3,910

3,861

3,883

35
112
86
34
123
2,965
118
295
213
577
768

35
119
94
28
120
2,964
117
302
211
604
760

36
112
78
37
125
2,966
116
310
214
627
738

36
119
159
52
139
2,959
121
313
217
580
832

36
117
141
55
128
2,933
114
320
221
585
891

35
114
124
49
118
2,897
119
329
227
576
881

36
118
125
44
119
2,780
120
325
241
595
891

36
128
134
49
106
2,760
129
316
242
603
902

36
135
151
53
115
2,739
134
317
244
612
945

36
142
151
62
108
2,680
138
315
246
612
1,028

36
135
167
60
102
2,624
158
288
238
611
1,007

36
142
180
54
117
2,691
172
286
232
598
791

113

Dec, I '

5 326

5,356

5,359

5,526

5,541

5,470

5,393

5,405

5,481

5,517

5,425

5,299

Africa:
Congo (Kinshasa)
Morocco
South Africa .
U.A.R. (Egypt)
Other

11
19
72
18
191

11
19
95
18
192

14
19
89
16
192

11
20
89
17
192

8
20
95
15
197

9
22
67
23
213

12
25
63
25
203

12
35
56
22
215

13
40
64
15
231

12
41
64
26
232

14
38
73
45
229

15
32
71
39
230

Total

312

335

330

328

336

334

329

339

363

376

398

387

244
24

226
27

232
40

231
35

233
29

279
26

241
28

236
28

240
27

243
25

242
24

243
22

Total

Other countries:
Australia
All other
Total
Total foreign countries
International and
regional:
International 4 . .
Latin American10regional
Other regional
Total
Grand total

268

253

272

266

262

305

269

264

267

268

266

266

24,182

23,944

23,954

24,201

24,515

24,544

25,514

25,775

25,636

26,648

26,980

26,343

1,357
119
9

1 , 473
117
10

1,522
103
12

1,522
106
10

1,393
101
12

1,294
96
14

1,337
98
12

1,344
95
10

1,298
87
39

1,274
87
39

1,293
81
38

1,270
73
38

1 486

1,600

1,637

1,639

1,506

1,404

1,448

1,450

1,425

1,400

1,412

1,381

25 , 668

25 , 544

25,591

25,840

26,021

25,949

26,961

27,225

27,061

28,048

28,392

27,724

For notes see end of table.

Digitized for FRASER


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

957

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 67

1966
Area and country

Europe:
Austria
Belgium
Denmark
Finland
France
Germany
G reece .
Italy . . .
.
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe

Jan.

Feb.

Mar.

196
420
305
58
1 070
2,538
129
1 410
364
283
358
162
656
1 805
43
3 817
37
234
8
40

190
426
315
69
992
2 162
*J38
1 255
294
246
363
191
609
1 699
38
3 754
35
386
6
36

182
421
307
69
966
2,375
127
1,208
320
258
373
147
628
1 723
' 29
3 794
37
312
6
37

181
410
305
65
948
2,412
110
1,232
332
274
350
142
615
1,686
30
3 833
36
320
3
27

Apr.

2
1

1
3

150
426
297
94
929
392
117
319
328
287
353
121
623
700
31
814
34
355
4
34

May

June

July

Aug.

Sept.

159
480
274
89
958
2,376
108
1 410
'402
301
345
117
651
1,747
25
3 531
' 41
386
4
30

173
557
276
96
948
2,342
103
1 422
396
348
352
122
659
1 801
26
3 667
33
557
5
34

197
545
262
91
1 , 021
2,297
106
1,573
405
379
357
181
660
1,717
23
3,641
27
630
4
30

181
563
235
91
1 064
2,278
122
1 773
367
396
370
191
674
1,657
23
4 329
25
581
4
35

188
586
242
102
1,048
2,294
148
1 916
403
370
378
187
663
1,701
29
4 226
26
592
5
32

Oct.

1
2
2

1
4

176
625
211
98
083
221
161
002
497
379
409
158
640
630
27
868
25
585
6
33

Nov.

1
2
2

184
611
201
99
434
276
161
001
545
389
414
130
498
653
38
948
26
491
4
37

Dec. I'

231
601
243
99
1 326
2 218
170
1 948
589
449
437
150
492
1 732
33
4 851
' 23
736
8
44

13,933 13 , 204 13,321 13,311 13,406 13,437 13,917 14,145 14,958 15,137 15,834 17,142 16,378

Total
Canada

Dec. in

Latin America:
Argentina
Brazil.
Chile . .
. . .
Colombia
,
Cuba . .
Mexico
,
Panama
Peru. . .
Uruguay
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam. .
Other
Total
Asia:
China Mainland . .
Hong Kong
India
Indonesia
Israel
Japan
Korea .
Philippines
Taiwan
Thailand
Other

2 502

2 358

2,227

2,265

2,298

2,317

2,065

2,270

2,253

2,329

2,688

2,613

2,706

418
299
261
178
8
632
150
249
161
707
522
177
104
17

414
297
242
170
S
636
147
239
164
750
533
192
108
19

412
308
247
162
9
695
147
234
167
718
550
198
107
18

459
319
248
174
9
699
152
257
168
704
563
184
107
19

524
339
258
195
9
704
160
245
156
776
578
204
107
18

645
331
252
158
9
762
145
257
155
732
576
218
107
20

573
249
249
169
8
715
145
265
133
691
567
236
121
19

598
219
233
153
8
745
155
270
136
764
544
192
110
17

604
196
229
135
9
702
157
257
128
725
520
209
116
24

601
216
224
166
9
693
159
250
138
706
521
219
121
17

576
263
222
151
10
685
164
250
131
778
515
234
123
18

589
273
230
158
9
703
181
264
137
792
520
236
111
20

480
217
252
169
9
723
170
274
147
793
523
233
111
18

3,883

3,918

3,971

4,063

4,273

4,366

4,140

4,143

4,012

4,039

4,121

4,221

4,140

36

36
142
179
54
115
2,671
162
285
228
598
779

198
62
108
2,567
171
282
235
610
708

36
140
206
51
112
2,512
181
271
232
635
766

36
36
142
150
205 217
46
51
99
103
2,500 2,455
178
175
255
267
229
227
658
655
748
753

36
167
223
49
106
2,480
168
268
225
663
773

36
158
216
47
165
2,516
171
260
227
617
755

36
165
220
58
166
2,449
191
276
227
663
749

36
181
242
50
136
2,439
184
271
230
685
775

36
187
243
47
130
2,550
192
287
230
684
768

36
194
233
59
135
2,519
193
273
229
663
805

36
209
250
39
135
2,458
203
286
220
615
802

36
215
354
34
125
2,563
176
289
226
616
858

5,250

5,123

5,142

5,095

5,088

5,158

5,169

5,200

5,229

5,355

5,340

5,255

5,492

15
31
71
39
229

13
33
61
33
250

13
31
62
22
251

13
32
58
34
220

11
30
56
26
266

11
32
58
18
273

10
31
67
18
250

13
35
63
15
214

17
33
73
21
224

14
37
55
17
205

16
32
59
15
210-

13
26
63
17
209

33
18
61
16
221

Total

385

390

379

357

389

392

376

339

367

329

332

328

349

Other countries:
Australia
...
All other

243
22

262
23

258
26

252
26

248
25

250
24

272
27

251
28

248
25

267
25

280
25

270
30

278
27

266

285

284

278

274

274

299

280

273

292

305

300

305

Total
Africa:
Congo (Kinshasa). ...
Morocco
South Africa . . .
U.A.R. (Egypt)
Other
,,

Total
Total foreign countries. , .
International and
regional:
International 4
Latin Americanloregional
Other regional .
Total
Grand total . . . . ,

147

26 219 25 278 25 , 324 25 , 370 25 , 728 25,944 25,967 26,377 27,091 27 , 480 28,619 29,859 29 , 370
1 270
73
38

1 298
'116
37

1,277
95
36

1,315
83
39

1 310
83
36

1,287
85
35

1 252
78
32

1,296
82
30

1,248
88
42

1,205
91
33

1,191
95
33

1,221
98
33

1,180
78
28

1,381

1,451

1,408

1,438

1,429

1,407

1,362

1,409

1,379

1,328

1,319

1,352

1,287

27,599 26,730 26,732 26,807 27,157 27,351 27,328 27,786 28,470 28,808 29,938 31,211 30,657

For notes see end of table.

Digitized for FRASER


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

958

INTERNATIONAL FINANCE
154 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 68

1967

Area and country

Dec. II ' Jan.

Europe :
Austria
Belgium -Luxembourg
Denmark . .
Finland
France
Germany . ,
Greece
Italy
Netherlands. . .
Norway.
Portugal
Spain
.. .
Sweden
Switzerland
Turkey .
United Kingdom . . .
Yugoslavia
Other Western Europe *
USSR
Other Eastern Bur ope

. . .

Latin America:
Argentina
Brazil
...
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela ....
Other L A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam
Other
Total
...

. .

Total
Africa :
Congo (Kinshasa)
Morocco ....
South Africa
U.A.R. (Egypt)
Other

165
582
213
116
1,350
1,924
165
1 , 896
530
367
432
137
M6
1 , 539
39
5,142
42
834
7
31

Mar.

Apr.

May

June

July

Aug.

Sept,

Oct.

Nov.

Dec.

177
580
220.
126
1 245
2,143
159
1 786
488
390
421
121
541
1,511
39
5,431
56
653
6
29

154
539
199
139
1 162
2*351
154
1 573
361
385
383
129
529
1 657
29
5,583
52
439
4
35

181
513
177
141
1 202
2^134
156
1,534
330
399
394
134
565
1,544
28
5,881
60
438
4
31

165
530
178
140
959
2 009
154
1 364
272
404
380
153
582
1,553
25
6,792
59
350
4
26

164
420
185
150
1,262
1,705
152
988
245
411
338
144
510
1,741
25
6,966
51
297
5
40

174
373
144
161
881
1,834
173
998
251
427
325
151
514
1,863
22
6,965
20
401
6
32

150
382
149
156
977
1,779
184
1,109
313
485
323
187
543
t,754
18
7,013
29
405
6
34

131
360
152
155
1,144
1,931
197
1,051
271
438
321
183
536
1,964
30
7,036
26
511
7
41

153
424
130
158
1,170
1,865
183
1,077
275
395
319
165
534
1,742
31
7,226
28
439
4
38

134
326
123
166
1,229
3,564
187
840
259
381
342
167
499
2,009
34
6,909
40
358
6
34

162
313
146
176
1 383
2,640
183
729
276
448
345
158
453
2 155
29
6,133
33
357
5
48

16,194 16,028 16,124 15 856 15 846 16 099 15,797 15,714 15,995 16,484 16,357 17 , 606 16 170

Total
Canada

Asia:
China Mainland
Hong Kong. .
India
Indonesia .
Israel
Japan
Korea
...
Philippines
Taiwan
Thailand
Other

231
632
243
99
1,330
2,217
170
1,948
589
449
432
150
492
1,732
33
4,667
23
706
8
44

Feb.

. . .

Total
Other countries:
Australia
All other
Total
Total foreign countries
International and
regional:
International 4
. .
Latin American10regional
Other regional . . . . . , . . . . . . . .
Total
Grand total

2,709

3,1101

3,201

2,791

2,943

3,055

2,842

2,894

3,140

2,747

3,015

3,081

2,797

479
237
252
166
9
720
173
274
147
793
523
233
109
18

427
277
251
156
9
722
163
281
143
851
512
276
106
18

414
291
239
162
8
747
156
267
152
770
559
252
86
17

430
301
263
154
8
721
140
259
143
730
579
242
84
19

444
351
260
160
8
745
139
276
140
814
603
242
88
25

473
310
241
187
8
813
145
272
144
780
579
226
83
25

429
258
245
198
8
789
153
278
138
742
592
233
97
25

642
248
254
179
8
817
154
268
133
797
623
273
88
27

502
301
304
186
8
776
146
278
140
792
621
259
83
28

445
250
302
210
8
769
156
275
142
723
608
275
92
29

463
285
287
219
8
849
165
265
145
111
565
264
88
30

502
312
289
224
8
892
163
272
153
775
574
245
93
31

479
257
323
249
8
974
154
276
149
792
611
273
88
30

4,134

4,191

4,123

4,072

4,297

4,287

4,185

4,513

4,425

4,284

4,411

4,531

4,664

36
217
354
34
125
2,612
176
289
222
616
859

37
228
329
40
113
2,508
195
296
216
641
830

36
226
351
42
134
2,559
181
291
211
652
843

37
228
319
39
110
2,551
174
289
209
660
764

36
221
342
46
119
2,555
182
285
196
683
740

36
239
368
41
128
2 482
174
265
197
681
729

36
248
384
74
127
2,537
168
269
196
683
655

36
260
376
51
134
2,661
173
269
206
678
671

36
255
394
51
136
2,827
174
261
201
678
627

36
261
393
55
144
2,858
162
256
188
678
637

37
255
370
52
143
3,094
166
259
180
653
595

36
260
379
49
163
3,207
166
243
165
654
572

38
270
281
50
215
3 320
171
269
155
556
628

5,541

5,432

5,527

5,380

5,406

5,339

5,377

5,516

5,642

5,668

5,805

5,895

5,953

33
18
61
16
221

30
17
61
18
201

30
22
53
15
315

28
22
57
17
215

27
14
54
19
252

25
10
60
20
257

21
21
47
19
261

22
20
51
19
284

18
19
52
21
246

16
18
51
20
300

13
14
49
20
274

13
14
60
20
292

12
13
58
18
260

349

326

434

339

366

371

370

397

356

405

369

400

361

278
27

280
27

249
33

253
29

265
25

279
25

233
29

221
25

240
24

255
25

256
27

264
27

261
28

305

307

281

282

290

304

262

247

264

280

283

291

289

29 , 232 29,385 29,691 28,721 29,147 29 , 455 28,833 29,279 29,821 29,869 30 , 242 31,804 30 234

1,175
70
28

1,184
71
23

1,111
69
41

1,262
68
22

1,328
64
26

1,168
66
20

1,214
68
22

1,294
79
25

1,288
82
25

1,308
75
31

1,382
76
38

1,378
76
38

1 372
78
33

1,273

1,278

1,222

1,351

1,418

1 254

1,304

1,398

1 , 395

1,413

1 496

1,493

1 483

30,505 30,664 30,913 30,072 30,566 30,709 30,137 30,678 31,217 31,282 31,738 33 , 297 31 717

For notes see end of table.

Digitized for FRASER


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

959

INTERNATIONAL FINANCE
J5.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]

19 69
Area and country
Jan.

Europe:
Austria. .
.
Belgium-Luxembourg
Denmark
Finland .
.
. .
France
Germany
Greece
Italy
Netherlands
Norway
Portugal .
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia . .
Other Western Europe l
U.S.S.R.,
Other Eastern Europe .

Feb.

Mar.

Apr.

136
337
141
164

144
331
101
169

1 468
1,333

1 468
T369

195
629

178
603

170
633

217
317

273
322

330
136
453

319
148
391

268
336

2 051
33
7 961

1 817
' 33
8 455

2,154
30
8,868

1 960
28
9 657

411
12

385
6

383
6

386
8

34

35

35

41

16 385

16 565

17 074

18 141

2 925

3,106

3,061

3,093

491
246
301
222
8
933
156
277
149
799

482
256
330
241
7
938
151
279
155
808

494
265
336
229
8
914
149
274
150
751

588
307
105
31

585
380
104
30

602
464
95
34

Total

4,614

4,745

Asia;
China Mainland
Hong Kong
India
Indonesia
Israel . .
.
Japan
Korea .
Philippines
Taiwan , ,
Thailand
Other

37
269
215
62
186
3,248
155
235
149
559
575

Total

,
.

Latin America:
Argentina
Brazil
Chile . . .
,
....
Colombia
,
Cuba . ,
Mexico
Panama
Peru
Uruguay
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam. . .
Other

Africa:
Congo (Kinshasa)
Morocco
South Africa .
U.A.R. (Egypt)
Other
Total
Other countries:
Australia
All other
Total
Total foreign countries, . .

. .

International and regional:


International *.
. . . .
Latin Americanloregional
Other regional
Total
Grand total

159
350
159
146

116
340
245
116

132
493
148
95

July

192
488
136
90

Aug.

178
438
106
99

Sept.

Oct.

Nov.

157
404
114
98

248
445
125
99

255
553
151
115

Dec. 1 1

314
528
153
120

1,330
2,057
199
754
329
235
320
167
210
1,543
23
13,351
27
396
8
33

1,525
2,677
201
797
342
264
326
155
260
1,606
20
13,315
27
472
7
41

1,536
4,235
184
813
366
175
312
163
209
1,856
23
12,653
37
643
11
43

1,527
2,902
181
843
738
203
309
179
318
1,897
35
11,949
39
1,222
5
47

1,615
2,006
201
733
606
228
311
164
399
1,975
30
1 2 , 244
40
1,496
10
38

19 760

21,291

21,888

22,858

24,033

23,312

23,168

21 , 667

3,253

3,084

3,450

3,571

3,386

4,166

3,844

3,991

521
291
345
223
8
886
158
273
146
753

481
314
344
229
8
789
152
262
145
707

426
292
348
229
8
802
150
252
151
704

499
304
352
223
8
759
139
248
144
658

446
293
366
252
8
764
130
231
133
725

617
489
97
31

588
529
99
32

575
811
97
29

551
945
93
31

535
1,109
77
37

448
362
352
249
8
791
119
220
111
661

409
402
349
2*0
8
788

549
1,106
76
35

429
322
343
244
8
740
125
227
125
694

532
1,444
72
33

5C8
1,435
71
42

416
425
393
258
7
848
129
239
111
674
556
1,405
74
34

4,765

4,838

4,679

4,874

4,955

5,115

5,014

5,403

5,345

5,571

37
256
236
66
150
3,383
150
216
154
577
564

38
262
253
69
150
3,547
132
264
159
563
556

38
253
274
80
140

37
220
239
66
146
3,373
151
221
185
530
492

3,491

129
242
160
553
547

38
237
227
67
152
3,436
143
211
189
534
502

38
220
252
69
134

3,419

38
257
297
70
154
3,442
138
213
174
543
508

158
230
189
566
529

36
205
257
75
138
3,605
188
228
186
585
541

35
217
283
63
123
3,640
217
240
182
561
547

37
214
293
74
115
3,773
231
222
183
611
523

36
213
260
86
146
3,788
236
201
196
628
606

5,691

5,789

5,993

5,835

5,833

5,736

5,662

5,876

6,045

6,109

6,280

6,396

12
15
50
19
265

13

58
18
298

9
15
53
19
268

19
17
76
19
258

14
17
61
24
256

12
18
58
25
252

16
17
56
22
261

50
16
59
19
254

69
18
51
19
240

71
18
53
17
334

86
18
54
19
533

87
21
66
23
499

360

401

365

390

373

365

373

399

396

492

710

695

238
28

327
29

343
34

365
30

380
27

338
30

340
33

320
28

272
32

263
31

311
29

282
29

20

14

1,476
1,064

325
146
419

21

1,260
1,597

190
669
302
334

318
163
391

24

12.4

218
1C6
635

1,581
1,381

207
627
463
341

309
202
412
2 , 002
28
1 1 , 347

37
1,553

50

267

355

377

395

407

368

373

349

305

294

34C

311

30 244

30,962

31,635

32,691

34,304

35,718

36,701

38,168

39,179

39,777

39 , 687

38,631

1,312
83
38

1,287
80
34

1,261
96
39

1,311
87
34

1,347
90
34

1,318
113
37

1,328
118
36

1,318
116
45

1,308
114
54

1,274
106
51

1,313
99
54

1,257
100
52

1 433

1,401

1,396

1,432

1,471

1,468

1,482

1,479

1 T 476

1,431

1,466

1,409

34,123

35,775

37,186

38,183

39,647

40,655

41,208

41,153

40,040

31 , 677

32,363

33,031

For notes see end of table.

Digitized for FRASER


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

June

1,425
1,139
2,116
3,653
165
176
697
628
360
276
289
257
300 i
316
158
146
276
319
1,852
1,783
28
36
9,664 12,378
21
22
412
387
7
39
38

25

Total
Canada . , ,

155
310
124
151

May

960

INTERNATIONAL FINANCE
15 4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]

1969
Area and country

Dec.
H7

Europe:
Austria
Belgium -Luxembourg . , . ,
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden . . .
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe l . .
U.S.S.R.
Other Eastern Europe . . . .
Total
Canada .

Total

Total
Africa:
Congo (Kinshasa)
Morocco
South Africa
U.A.R. (Egypt) . .
Other
Total
Other countries:
Australia .
All other
Total ...
Total foreign countries

Jan.

Feb.

299
'JOO
314
588
626
531
182
153
178
120
124
138
1 581 1 514 1 564
1,381 2,226 2,658
208
191
207
626
741
627
539
463
581
341
240
305
309
313
289
202
195
226
412
455
426
2,005 1,970 1,952
31
35
28
11,349 11,235 10,429
37
44
33
1,553 1,481 1,757
11
g
6
44
39
50

Mar.

Apr.

343
279
599
604
212
186
132
130
I 575 1,778
2,680 2,685
185
178
604
590
459
526
272
281
280
266
234
179
364
381
2,149 2,149
27
31
9,808 10,286
42
29
1,976 1,736
6
6
. 39
37

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.
I 11

Dec.
II "

265
511
165
141
1,858
2,770
185
647
408
241
263
224
353
2,249
24
9,380
40
1,762
4
40

265
527
167
130
1,915
3,455
179
911
382
216
257
228
410
2,266
25
9,481
32
1,496
18
49

274
583
189
134
2,030
4,241
198
902
469
272
272
325
429
2,192
27
8,339
35
1,563
8
53

287
582
189
140
2,282
4,505
199
840
631
309
272
416
431
2,032
28
8,600
27
1,154
7
41

273
615
195
137
2,286
5,439
204
909
626
287
275
391
389
2,015
34
9,113
33
850
3
46

263
743
193
134
2,311
5,977
212
1,104
800
315
251
299
378
1,985
34
7,865
31
747
13
43

236
710
187
139
2,417
7,545
198
1,173
748
291
250
234
449
1,914
37
6,660
49
828
13
48

185
597
189
117
2,267
7,520
184
1,330
762
324
274
198
503
1,948
46
5,509
37
594
15
54

185
597
189
117
2,267
7,520
184
1,330
762
324
274
198
503
1,948
46
5,504
37
594
15
54

21,675 22,359 22,436 22,079 22,243 21 530 22,409 22,535 22,973 24,119 23,695 24,127 22 653 22 648
4 121

3 873

3 628

3 787

4 113

3 421

3 646

3 827

3,787

4,529

4 215

4 019

4 056

420
449
368
269
7
892
156
219
140
703
573
1,589

450
497
392
279
7
916
148
216
119
695
601
1,550

451
565
444
298
7
940
148
239
120
718
626
1,343

517
579
406
291
6
989
144
220
122
704
650
1,321

526
582
447
308
7
882
167
233
121
675
651
1,609

535
596
458
302
7
859
166
242
122
682
661
1,505

588
575
444
275
6
896
165
210
113
637
653
1,306

582
460
429
294
7
915
154
208
108
651
638
1,189

534
440
325
282
7
846
161
221
107
630
633
1,015

605
466
359
258
6
814
157
213
104
643
619
761

561
400
327
244
7
878
162
213
108
652
604
806

539
346
266
247
7
821
147
225
118
735
620
745

539
346
266
247
7
821
147
225
118
735
620
745

85
40

87
36

90
36

99
47

93
36

95
39

84
42

88
37

95
33

91
37

96
42

98
39

98
39

5,670

5,909

5,993

6,025

6,096

6,336

6,270

5,995

5,758

5,326

5,135

5,098

4,952

4,952

36
213
260
86
146
3 809
236
201
196
628
606

37
196
260
78
178
3,644
288
196
215
653
657

39
223
286
69
185
3,572
308
248
218
666
652

39
219
330
89
152
3,931
299
285
228
664
762

37
225
322
87
139
4,107
258
241
210
630
724

41
223
354
79
172
4 044
291
264
226
643
690

43
225
356
68
147
4 018
289
252
262
627
714

41
226
363
59
131
3,942
307
255
260
603
746

41
41
235
245
356
366
53
61
121
115
3,996 4,149
280
263
266'
233
212
228
591
585
780
769

38
250
401
50
118
4,274
195
273
247
549
728

35
274
426
85
107
4,557
185
276
260
511
680

33
258
302
73
135
5 150
199
285
275
508
708

33
258
302
73
135
5 150
199
285
275
508
717

6,417

6,401

6,466

6,998

6,981

7 , 027

7,002

6,933

6,943

7,044

7,125

7,398

7,926

7,936

87
21
66
23
505

85
21
69
25
517

109
44
91
25
606

97
52
96
22
594

73
47
58
22
694

71
47
50
24
716

52
43
45
22
683

50
33
47
24
663

30
21
49
19
684

18
14
47
19
677

17
14
53
19
566

17
10
55
20
471

14
11
83
17
395

14
11
83
17
395

701

716

875

862

895

908

845

816

802

776

668

573

521

521

282
29

255
28

244
30

287
32

290
33

329
30

383
32

418
33

428
31

389
34

390
31

392
33

389
39

389
39

311

283

274

319

324

359

414

451

459

423

421

425

428

428

4 012

Latin America:
416
Argentina
459
Brazil
Chile
400
Colombia
261
Cuba
7
849
Mexico
140
Panama
240
Peru
111
Uruguay
Venezuela
691
576
Other L.A. republics
Bahamas and Bermuda . . . 1,405
Neth. Antilles and
80
Surinam
34
Other

Asia:
China Mainland. . .
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan .
.
. .
Thailand
Other

1970

38,786 39,788 39,917 39,911 40,326 40,274 40,360 40,377 40,762 41,475 41 , 574 41,835 40,499 40,541

International and
regional:
International 4
1,261
Latin American10regional..
100
Other regional
52

1,303
116
66

1,361
121
84

1,347
111
97

1,272
146
96

1,223
127
102

1,194
131
104

1,250
143
112

1,330
150
118

848
145
124

881
175
112

873
152
116

975
131
115

975
131
115

1 413

1,485

1 566

1,555

1 514

1 452

1 428

1 505

1 598 1 117

1 168

1 141

1 221

1 221

Total . .
Grand total.

40,199 41,273 41,484 41,466 41 , 840 41,727 41,789 41 , 882 42,360 42,593 42,742 42,976 41,719 41,761

For notes see end of table.

Digitized for FRASER


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

961

INTERNATIONAL FINANCE

15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
SUPPLEMENTARY DATA
Area and country
Other Europe:
Cyprus
Iceland .
Ireland, Republic of
Luxembourg

Malta . .
Monaco
Bulgaria
Czechoslovakia la
Estonia.
Hungary1S
Poland 18
Rumania
. .. .
Soviet Zone of Germany
Other Latin
America :
Bolivia 1S
Costa Rica
Dominican Republic *a
Ecuador
El Salvador1S13
Guatemala
Haiti . .
Honduras
Nicaragua
Paraguay
Other Asia :
Afghanistan
Bahrain
Burma.
Cambodia

Ceylon
.
Iran 1! . .
....
Iraq

Jordan ,
Kuwait.
. ....
Laos
Lebanon
Malaysia
Pakistan
Ryukyu Islands (incl Okinawa)
Saudi Arabia
Singapore
Syria
Vietnam

..

Other Africa:
Algeria .
Ethiopia (incl, Eritrea)
Ghana
Liberia .
Libya
Mozambique
Nigeria
Portuguese West Africa
Tunisia
Other countries:
New Zealand

..

...

5
14
3

3
9
13

3
9
16

4
10
16

3*
5
7

5
1
1
2
1
2
8
1

6
1
1
2
1
3
8
1

1
2
1
3
1
1

5
1
1
2
1
3
1
3

1
2
1
2
6

1
2
1
5
1
1

24
12
44
24
26
34
12
15
13
5

19
13
39
18
27
38
9
19
16
6

29
15
60
21
30
35
13
17
10
4

26
18
65
15
24
45
12
10
13
4

29
15
68
18
25
64
9
10
12
4

26
16
54
23
27
65
11
13
13
5

4
1
17
C5)
14
19
14
1
12

5
1
30

14

3
1
23
C5)
17
44
14
1
10
5
()
24
2
10

16
8
11

19
7
21

17
2
4
27
62
7
22
8

4
1
19
13
33
37
15
1
4
23
18
2
6
34
80
8
13
62

5
2
7
17
41
20
17
2
5
37
22
1
20
31
97
7
17
50

5
1
7
20
34
55
20
2
6
33
28
2
13
33
95
7
4
59

1
28
1
13
6
3

1
19

2
9
12

4
16
12

4
13
5

8
14
4

3
1
6
3
1
4
6

1
3
1
3
6

1
2
1
3
6

20
7
43
19
16
25
8
10
6
4

28
9
46
11
28
27
10
17
8

11

20
3
1
10
5
()
12
4
13

S
25
13
1
9
B
C)
15
2
13

34

1953

1954

""i9*
31
10
1
11

1960

1961

1962

1
5
3
13

1
3
3
16

1
6
3
11

4
1
1
2
1
6
I
1

3
1
1
2
1
7
2
1

2
2
1
2
I
9
2
2

22
25
40
17
26
42
8
6
11
3

24
19
37
22
28
37
11
13
13
7

23
20
37
27
24
44
11
15
12
5

26
13
23
24
22
46
10
15
17

23
17
42
36
23
41
11
14
15
6

11

6
25
44
43
18
3
10
21
38
1
6
15
60
3
5
49

4
20
34
47
63
3
9
21
38
1
24
15
112
4
5
68

10
1
1
11

4
1
5
15
6
31
20
2
27
5
52
8
10
15
25
3

5
1
3
13
19
9
1
33
14
66
18
16
17
28
6

10

20
18
2

9
1
17
6
2
1

1
11
1
22
5
2
22

22
14
2
10
36
6
11
14
18

8
10
7
(6)

(6)

C5)

1
3

3
7

1
18

1
24

1
24

1
35

2
3

6
1
4

10
2
6

12
3
4

6
2
S

13
10
5

24
4
2

23
11
3

2
1

2
8

2
3

6
2
1

2
17
4
18
6
3
27
1
7
2
11

35

13
9
5

(5)

For notes see end of table.

Digitized for FRASER


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

1959

9
14
5

1952

(5)

1958

1956

1951

10

1957

1955

1950

962

4
15

INTERNATIONAL FINANCE

15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
SUPPLEMENTARY DATA 12Continued
19 63

Area and country

Apr.
Other Western Europe:
Cyprus
Iceland
Ireland, Republic of
Luxembourg
Malta
Monaco . .
Other Eastern Europe*
Bulgaria
Czechoslovakia
Estonia
Hungary
Poland
Rumania .
Soviet Zone of Germany .

19 65

19 64

Dec.

Apr.

Dec.

Dec.

Apr.

Dec.

Apr.

19 68

Dec.

Apr.

Dec.

1
6
6
21
1
4

1
4
7
28
2
4

2
7
9
25
1
3

2
6
7
22

2
4
9
31

(14)

(14)

2
2
1
2
13
7
2

1
2
2
1
13
6
2

5
4
2
2
13
7
6

1
5
2
2
14
5
3

2
5
2
3
19
8
4

2^
1
12
2
I

2
2
14
5
2

5
4
2
2
19
7
8

43
32
56
67
56
49
14
26
7
42
11
7

53
29
47
65
72
72
15
33
8
67
12
9

67
34
72
70
67
68
16
31
9
67
14
4

64
33
54
62
78
87
17
43
12
75
15
6

67
35
53
86
69
64
16
27
12
73
15
5

58
42
54
92
96
84
17
29
19
63
17
5

60
43
55
86
73
73
16
30
22
46
13
6

61
55
60
64
84
96
17
31
44
58
14
9

66
51
69
66
82
86
17
33
42
67
16
10

5
5
9
1
2

7
11
7
1
3

I
5
6
9
1
2

1
5
9
17
1
4

1
1

j
1
1
2
14
1
2

1
1
1
2
11
2
2

1
1
2
1
10
2
1

35
36
41
62
58
65
17
26
5
52
g
6

Apr.

19 67

19 66

7
6
20
4
1

21
3
15

8
6
24

Other L.A. republics:


Bolivia
Costa Rica . .
Dominican Republic
Ecuador
El Salvador. . .
Guatemala
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
Trinidad and Tobago

21
33
47
38
49
75
12
24
6
43
4

33
29
58
53
42
48
13
20
7
35
9
6

Other Latin America:


British West Indies

23

16

12

15

14

14

21

25

13
2
9
10
10
49
11
2
38
13
78
19

5
1
10
7
3
24
20
3
47
9
76
1524
1
2
17
22
62

4
2
22
2
4
33
23
3
50
7
108
15
24
1
2
16
32
151

6
2
33
2
2
23
22
3
56
5
84
is 22

6
3
36
3
62
65
8
52
5
113
15
36

6
4
49
3
2
67
12
16
36
3
100
26

8
4
35
3
3
79
27
16
25
6
92
31

10
6
34
1
3
37
18
40
49
5
100
38

6
13
11
2
5
50
35
40
37
4
113
64

2
23
26
197

6
25
33
288

7
19
24
284
9
1

7
21
40
291
5

14
49
16
176
35

3
12

2
12

6
18

8
19

3
20

4
39

5
124

3
132

8
8
20
1
3
44
28
45
29
7
112
35
2
15
45
31
96
60
1
5
146

6
6
17
3
5
38
10
7
34
4
97
52
2
11
54
26
70
157
1
7
123

6
17
5
2
4
41
86
3
67
3
78
52
6
13
60
17
29
67
1
2
51

1
21
11

1
22
6

1
32
6

13
11
25
2
7
2

22
14
1
18
2
4
3

18
15
1
17
3
5
2

2
45
5
2
18
27
2
20

12

2
34
6
3
20
29
3
16
4
3
2
1
1

3
2
j

8
44
3
1
18
35
2
22
4
3
4
1
2

14
59
3
1
20
27
2
20
8
4
3
1
1

16

13
40
5
2
22
76
4
37
6
3
7
9
1
1
26

7
24
4
16
25
18
4
38
10
2
2
20
10
1
25

8
23
13
20
26
45
4
24
8
4
2
27

11
54
7
1
21
37
5
26
5
3
3
7
1
1
35

10
21

8
13
3
29
25
69
3
20
6
1
5
21
7
6
25

20

19

27

14

17

18

15

17

Other Asia :
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Iran
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Muscat and Oman
Nepal ...
Pakistan
Ryukyu Islands (incl. Okinawa)
Saudi Arabia . . . .
Singapore
Southern Yemen.
Syria
Vietnam
Other Africa:
Algeria
Ethiopia (incl. Eritrea)
Ghana . . .
Kenya
Liberia
Libya
Mozambique
Nigeria
.
Portuguese West Africa
Southern Rhodesia
Sudan. . . .
Tanzania
Tunisia
Uganda
Zambia
Other countries:
New Zealand

2
16
33
37
5

(15)

11

(15)

19

For notes see following page.

Digitized for FRASER


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

963

(IS)

12

(15)

15
55
15
61
160
1
6
148

INTERNATIONAL FINANCE
15.4 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
SUPPLEMENTARY DATA ^Continued
19 69

Area and country

Apr.
Other Western Europe:
Cyprus
Iceland .
Ireland, Republic of.
Malta
Monaco

19 70

Dec.

Apr,

Dec.

2
4
20
5
4

11
9
38
5
4

15
10
32
5
3

10
10
41
3
6

2
5

2
4
2
2
18
5
3

g
5
2
3
23
10
2

Other Eastern Europe:


Bulgaria
Czechoslovakia
Estonia.
Hungary
. Poland . .
Rumania
Soviet Zone of Germany

2
17
8
3

7
9
2
3
16
8
4

Other L.A. republics:


Bolivia
Costa Rica
Dominican Republic
Ecuador
El Salvador
Guatemala
Haiti
Honduras .
Jamaica
Nicaragua
Paraguay. .
Trinidad and Tobago

65
61
59
62
89
90
18
37
29
78
18
8

68
52
78
76
69
84
17
29
17
63
13
8

76
43
96
72
79
110
19
29
17
76
17
11

69
41
99
79
75
100
16
34
19
59
16
10

Other Latin America:


British West Indies

25

30

38

33

Other Asia :
Afghanistan
. .
Bahrain
Burma . .
Cambodia
Ceylon .
Iran
Iraq
Jordan . .
Kuwait
,
Laos. .
Lebanon
.,
Malaysia
Muscat and Oman .
Nepal .
Pakistan
Ryukyu Islands (incl. Okinawa)
Saudi Arabia
Singapore
Southern Yemen
Syria. . .
.
.
.
Vietnam

g
20
5
2
5
44
77
4
40
4
82
41
7
15
24
20
48
40
1
4
40

16
22
2

15
28
5

3
35
26
17
46
3
83
30
6
17
35
25
106
17
1
4
94

4
41
6
30
66
4
82
48
17
4
34
26
166
25
1
6
91

26
32
4
2
4
32
11
14
54
5
54
22
1
19
38
18
106
57
4
7
179

6
15
g
34
28
68
3
10
7
2
3
23
2
9
19

14
20
10
43
23
288
6
11
9
2
3
10
6
5
20

13
33
7
47
41
430
5
11
10
2
1
18
7
7
38

17
19
g
38
22
195
7
17
8
1
1
9
7
8
10

20

16

18

25

Other Africa:
Algeria .
. . .
Ethiopia (incl. Eritrea)
Ghana
Kenya
Liberia
.
Libya . . .
Mozambique
Nigeria
Portuguese West Africa
Southern Rhodesia
Sudan
Tanzania
...
Tunisia .
Uganda
Zambia .
Other countries:
New Zealand

Digitized for FRASER


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

. .

...

1
Includes Bank for International Settlements and European
Fund (beginning 1959). Until December 1962 (Column II) includes
other
European regional also.
z
Includes "Other countries," except Australia.
3
Included in "Other Africa."
4
Data exclude "holdings of dollars" of the International Monetary
Fund but include IMF gold investment (beginning 1956).
5
Not
reported separately.
G
Taiwan included with China Mainland until 1951,
7
Data in the two columns shown for this date differ because of
changes in reporting coverage. Figures in Column I arc comparable
with those shown for the preceding date; figures in Column II are
comparable
with those shown for the following date.
8
Includes Eastern European countries, except U.S.S.R., Czechoslovakia,
Poland,
and Rumania.
9
Czechoslovakia, Poland, and Rumania only; other Eastern
European countries, except U.S.S.R., included in "Ol.her Western
Europe,"
>o Asian, African, and European regional organizations, except
B.I.S.
and European Fund, which are included in "Europe."
11
Data in the two columns shown for this date differ because of
changes in reporting coverage. Figures in Column I are comparable
with those shown for the preceding date; figures in Column II are
comparable with those shown in the Federal Reserve Bulletin for
the12 following date.
Represent a partial breakdown of the amounts shown in the
"Other" categories.
Except as indicated by note 13, data for years 1950-62 are based
on reports by banks in the Second (New York) Federal Reserve
District only; thereafter data based on reports by banks in all
Federal
Reserve districts.
13
Based on reports by banks in all Federal Reserve districts.
14
Included
with Belgium.
15
Singapore included with Malaysia.

964

INTERNATIONAL FINANCE
15.5 LONG-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
END OF MONTH, 1962-70
[In millions of dollars]

End of
period

Total

To
intl.
and
regional

To foreign countries l

Total

Official
institutions

Country or area

Other
Banks 2 foreigners

Europe

Argentina

Other
Latin
Israe
America

1962 Dec. . . .

1963 Jan
Feb. . . .
Mar....
Apr. . . .
May. . .
June. . .
July....
Aug. . . .
Sept. . . .
Oct
Nov....
Dec. . . .

7
7
10
16
37
43
53
56
55
66
63
69

3
3
5
12
21
21
24
28
29
40
36
42

4
4
5
4
16
22
29
28
26
26
27
28

4
4
4
3
3
10
6
7
5
5
6
6

1
2
2
12
12
11
10
10
10

1964 Jan
Feb. . . .
Mar....
Apr. . . .
May . . .
June . . .
July....
Aug. . . .
Sept. . . .
Oct
Nov....
Dec

73
74
105
146
155
157
175
174
171
164
298
310

42
43
39
43
47
39
39
36
33
28
109
106

32
31
67
103
108
118
136
138
138
136
189
204

7
7
33
68
72
82
97
99
98
96
104
118

13
13
22
22
22
22
26
26
26
26
72
72

1965 Jan
Feb. . . .
Mar. . . .
Apr. . . .
May . . .
June . . .
July....
Aug.. . .
Sept
Oct
Nov....
Dec, . . .

313
497
462
445
445
505
446
447
454
419
467
513

104
287
281
278
278
277
277
276
277
277
277
311

209
210
181
168
167
229
170
171
177
142
190
203

122
122
97
74
74
74
53
48
48
43
93
73

1966 Jan
Feb
Mar. . . .
Apr. . . .
May . . .
June . . .
July....
Aug. . . .
Sept. . . .
Oct
Nov. . . .
Dec. . , .

515
515
573
734
852
1,012
1,076
1,096
1,112
1,173
1,191
1,494

320
316
324
422
472
485
500
497
496
502
510
506

195
200
250
312
380
527
576
599
616
671
681
988

500
523
538
594
603
913

29
29
27
27
28
25

1,558
1967Jan
1,658
Feb
Mar.... 1,865
Apr. . . . 1,989
May . . . 2,020
June . . . 2,481
July.... 2,479
Aug. . . . 2,549
2,340
Sept
2,305
Oct
Nov. . . . 2,382
3
J2,546
Dec. ...
\2,560

508
545
576
576
592
600
604
642
654
626
658
689
698

1,050
1,113
1,289
1,413
,428
,881
,875
,907
,686
,679
,724
,858
,863

977
,041
,217
,341
,356
,813
,809
,841
,617
1,620
1,666
1,807
1,807

23
22
22
21
21
20
17
17
15
15
15
15
15

1
1
1

9
9
9
9
9
9
9
9

1
1
1

All
other
countries

1
1

1
1
1
1
2
2
2
2
2
2
2

9
9
9
8
8
8
8
8
8
8
8
8
8
8
7
8
7
8
7
11
13
13
11
9

3
I
2
2
2
2
2
2
2
2
3

2
3
3
3
3
3
3
3
3

Other
Asia

2
2

72
72
72
80
80
141
104
106
111
81
81
115

3
4
2
2

1
2
2
2
3
3
3
2
2
2
2
2

46
47
50
50
50
50

73
71
75
77
120
137
137
139
137
140
92
111

107
105
148
147
150
206
204
211
199
194
200
234

2
7
7
7
7
6
6
6
6
7
7
8

2
2
2
2
2
51
84
97
115
141
186
197

4
64
81
101
108
108
110
110
115
140

10
10
10
10
10
14
. 23
21
31
62
62
277

2
6
5
7
11
12
14
18
18
18
20
22

50
50
51
51
52
48
49
49
53
44
43
35
40

111
104
102
101
51
52 ""195"
52
195
51
195
49
196
48
201
48
201
31
251
251
36

235
234
229
242
244
262
256
256
224
211
208
234
234

8
8
18
22
26
36
68
102
103
104
113
126
126

198
271
354
423
441
440
440
443
443
444
443
443
443

140
140
140
152
154
208
174
163
170
170
218
2V 8
218

332
331
361
383
427
433
450
453
457
458
441
502
502

25
26
87
90
84
256
240
243
42
43
52
52
52

For notes see following page.

Digitized for FRASER


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

Japan Thailand

965

INTERNATIONAL FINANCE
15.5 LONG-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
END OF MONTH, 1962-70Continued
[In millions of dollars]

End of
period

Total

To
intl.
and
regional

To foreign countries 1

Total

Official
institutions

Country or area

Other
Banks 2 foreigners

Europe

Argentina

Other
Latin
Israel
America

Japan Thailand

Other
Asia

All
other
countries

1968 Jan
Feb. . . .
Mar. . . .
Apr....
May . . .
June . . .
July...,
Aug
Sept. . . .
Get
Nov....
Dec....

2,561
2,575
2,616
2,659
2,760
2,791
2,627
2,759
2,910
2,986
3,038
3,166

692
683
638
630
686
668
639
644
649
688
749
111

1,869
1,892
1,978
2,029
2,074
2,123
1,989
2,115
2,261
2,299
2,289
2,389

1,818
1,841
1,923
1,981
2,023
2,073
1,933
2,059
2,204
2,239
2,239
2,341

17
15
14
14
15
12
18
18
15
12
10
8

34
36
41
35
36
38
38
38
42
47
40
40

31
32
21
16
18
17
17
17
17
17
17
18

251
251
251
250
250
288
88
188
247
247
247
284

232
215
253
252
250
265
264
263
267
266
248
257

127
129
147
163
161
166
190
205
244
242
217
241

515
515
519
524
569
569
591
593
616
644
656
658

219
219
221
198
198
198
202
205
197
201
201
201

444
469
507
563
561
532
569
576
610
621
623
65)

60
63
66
67
68
68
61
61
80
80

1969 Jan
Feb. . . .
Mar. . . .
Apr. . . .
May. . .
June . . .
July....
Aug.. . .
Sept
Oct
Nov....
Dec. . . .

3,174
3,147
3,117
3,058
2,974
2,943
2,828
2,771
2,681
2,533
2,486
2,490

785
787
111
781
776
786
800
816
889
922
903
889

2,389
2,360
2,339
2,277
2,198
2,157
2,028
1,956
1,792
1,611
1,583
1,601

2,346
2,315
2,298
2,234
2,156
2,103
1,963
1,889
1,713
1,533
1,502
1,505

6
9
6
6
6
19
30
30
43
43
44
55

38
36
36
37
36
34
36
37
36
35
36
41

12
12
7
7
6
19
30
30
43
42
43
54

273
284
284
284
284
284
207
207
146
67
62
64

251
247
242
205
193
149
129
149
130
123
154
175

240
228
221
208
189
189
181
154
101
43
43
41

658
658
658
658
658
658
658
658
659
659
659
655

201
200
200
202
202
199
199
157
117
117
70
70

647
614
60
594
561
558
529
509
508
477
475
470

109
118
119
120
105
101
95
91
87
82
76
70

1970 Jan
Feb. . . .
Mar. . . .
Apr. . . .
May . , .
June . . .
July.,..
Aug
Sept. . . .
Oct
Nov....
Dec

2,340
2,341
2,343
2,273
2,211
2,127
2,033
1,936
1,916
1,835
1,733
1,703

877
872
891
844
856
847
826
838
862
844
814
789

1,463
1,470
1,452
1,429
1,355
1,280
1,208
1,097
1,054
991
919
914

1,372
1,375
1,351
1,318
1,241
1,116
1,036
928
883
820
749
695.

55
59
62
64
64
116
118
118
119
119
118
165

37
36
40
46
50
48
54
51
53
52
52
53

54
60
69
74
74
126
128
129
131
131
130
178

25
25
25
25
25
25
25
25
25
25
13
13

166
190
202
210
217
216
198
145
147
147
143
138

6
6
6
6
6
6
7
7
7
7
7
6

657
657
636
636
619
576
523
499
477
466
416
385

47
54
49
49
28
28
28
22
11
9
8
8

445
414
403
376
328
242
237
204.
190
140
138

64
62
62
53
58
61
63
65
66
65
64

1
Breakdown for official institutions, banks, and other foreigners not
available until July 1966.
23 Excludes central banks, which are included with" Official institutions."
Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in coverage

Digitized for FRASER


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

122:

51
62

with those shown for the preceding date; figures on the second line are
comparable with those shown for the following date.
NOTE.Data represent principally time deposits and time certificates
of deposits.

966

INTERNATIONAL FINANCE
15.6 ESTIMATED FOREIGN HOLDINGS OF MARKETABLE U.S. GOVERNMENT BONDS AND NOTES
END OF QUARTER, 1949-70
[In millions of dollars]
Area and country

Europe :
Austria
Belgium
Denmark
France
Germany
Italy
Netherlands
Norway
Sweden
Switzerland
United Kingdom. . . .
Other Western Europe
Eastern Europe
Total. ,
Canada
Latin America:
Cuba
Mexico
Panama
Uruguay
Venezuela
Other L.A. republics
Neth. Antilles and Surinam
Other Latin America . . . .
Total
Asia :
India
Japan
Philippines
Other Asia. . .
Total
Other countries
Total foreign countries
International
Grand total . . . .

1949

l<>50

1<?51

Dec.

Mar.

June

Sept.

Dec.

Mar.

5
18

2
4
5
16

14
4

18
10

18
12

20
13

16

146

217

236

10
4
7

10
4
7

9
4
8

9
3
8

9
3
43

2
48
114

1
50
120
4

2
58
124

51
103
10

Sept.

Dec.

Mar.

June

Sept.

Dec.

5
8

250

211

211

210

208

208

208

9
*>
43

9
2
33

10
1

10
1

10
j

10

10

10
3
10

to

1
58
132
19

1
56
147
26

1
55
121
24

1
51
1 10
8

I
43
105
7

1
45
1 13
7

\ 25
8

{|
11

221

228

247

405

568

53^

47S

A\ 9

161

253

328

426

654

f\">(\

497

T-JC

1 Plf\

1
3
14

4
3
(4

17

18

17

15
2
1
7

14

1
16

26
2
15
2

98

1
5

25
2
15
]

78
3

1
6

5
2
1 *>
|

-JO

3
12

14
2
j
9

22

24

38

40

61

62

S6

58

2
16
18
8

2
16
18
9

2
2
20
8

2
2
19
g

2
2
19
9

2
2
21
9

2
20
23

j
2
20
13

44

45

32

32

34
7

46
7

ifi

31
g

449

556

652

910

1 276

1 138

863

295

275

1 433

1 1 38

159

188

242

249

276

1 297
349

608

744

894

1 159

1 552

( 546

967

A")

527

For notes see end of table.

Digitized for FRASER


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

June

IS>52

t QJ-

8
9
.__ __ _^._
462
510

2
j
9

AC
1 ^A

11

CO

CA

19

1 ft

1 c

310

28

28
5
8

2
9
_

CO

143

-
53

8
in

1
2
8
8
19

11

fiin

f.'Jl

/:> c

00

?fil

9^7

JCO

JCQ

871

278

QQ1

CM7

270

...

INTERNATIONAL FINANCE
15.6 ESTIMATED FOREIGN HOLDINGS OF MARKETABLE U.S. GOVERNMENT BONDS AND NOTES,
END OF QUARTER, 1949-70Continued
[In millions of dollars]

Mar.

Europe :
Austria
Belgium
Denmark
France
Germany
.
Italy
Netherlands
Norway
Spain
Sweden
Switzerland .
United Kingdom. . . .
Other Western Europe
Eastern Europe

..
, ....
...

Total . .
Canada
Latin America:
Cuba
Mexico . . . .
Panama
Uruguay
Venezuela
Other L.A. republics
Neth Antilles and Surinam
Other Latin America
Total . . .
Asia :
India
Japan
Philippines.
Other Asia

..
..

Total
Other countries

....
....

June

Sept.

Dec.

6
6
5
208

6
6
5
208

6
9
5
158

6
9
6
158

10
3
4
3
1
45
203
8
7

10
3
4
3
1
45
212
8
7

10
2
4
3
1
44
223
9
7

9
1
5
3
1
41
232
It
7

June

Sept.

8
9

11
10

11
10

153

187

187

9
2
5
3

9
2
5
3

38
250
10
7

36
239
12
7

Mar.

12
9

12
10

161

161

1
33
234
23

10
1
6
3
1
38
216
!0

5
22
14
3
1
42
249

160
3
2
37
36
3

12 i
10

12
10
7
161
5

10
U

37
53
3

151
8
2
40
53
3

14

44
286
M

44
282
12

42
280

509

518

481

489

501

528

531

482

540

612

638

629

306

250

227

230

202

198

93

182

262 i

397

437

28
5
8
2

29
5
2
I
2
7

43
4
1
1

42
4
1
1

80
6

104
6

149
4
I
1

149
4
2
1

10

13

12

15

13

14

15

169
4
1
1
^
16

169
4
1

124
4
1
1

29
5
5
2
2
9

53

52

46

61

63

102

129

146

172

174

104

201

2
8
8

1
2
8
8

2
8
8

2
8
9

1
2
8
9

I
3
7
8

3
7
8

1
3
6
9

I
4
6
29

19

19

19

20

20

19

19

10

11

11

6
883

Total foreign countries

892

906

807

806

International

307

311

292

285

285

1,199

1,217

1,099

1,091

For notes see end of table.

Digitized for FRASER


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

June j Sept. I Dec.

Mar.

Dec.

301

8
822

Grand total

19 55

19 54

19 53

Ares and country

968

1,107

~~sr

17
4
2

1 ,
3 i
6
23

6
21

1
3
6
28

19

33

31

38

746

933

1,085

1 , 274

1 , 308

320

321

306

341

354

362

317

1,163

1,224

1,100

1,295

1,402

40

1 , 594 T.629

INTERNATIONAL FINANCE
15.6

ESTIMATED FOREIGN HOLDWGS OF MARKETABLE U.S. GOVERNMENT BONDS AND NOTES,


END OF QUARTER, 1949-70Continued
[In millions of dollars]

Ma;r.

Europe:
Austria . . . .
Belgium
Denmark
France
.,.
Germany
Italy
Netherlands. . .
Norway
Spain
Sweden
Switzerland
United Kingdom
Other Western Europe

...

Total
Canada
Latin America:
Cuba
Mexico
Panama
Uruguay .
Venezuela
Other L.A. republics
Ncth, Antilles and Surinam
Other Latin America
Total

19 57

19 56

Ares and country

June

Sept.

Mar.

Dec.

June

19 58

Sept.

110
112
6
6
10
2
!9
69
3

10
12
6
7
It
2
20
73
3

10
12
6
7
13
2
20
79
3

10
12
6
7
14
2
5
87
3

9
11
6
8
14
2
6
93
3

8
U
6
9
14
2
6
86
3

8
8
6
9
14
2
9
81
3

70
241
12
6

117
253
15
5

126
266
25
g

131
203
23
g

132
238
31
g

132
264
33
g

134
180
34

466

534

577

510

561

582

494

369

362

352

367

438

457

443

167

167

167

167

167

167

167

I
3
17

1
1
3
17

I
3
17

1
1
3
16

1
2
2
15

1
1
2
14

1
1
2
15

Dec.

Mar.

8
8
6
9
14
2
10
105
3
5
128
205
37

June

7
7
6
10
15
2
10
95
3
8
118
241
33

7
7
6
26
12
4
9
89
3
4
88
220
31

546

563

457

441

154
1
1
2
15

Sept.

Dec.

7
6
6
11
13
1
9
97
3
3
88
216
34

7
6
6
12
13
2
10
120
3
10
76
194
30

514

503

496

345

346

341

146

86
1
2
2
15

86
3
1
2
2
14

86

2
1
2
15

2
2
13

197

198

196

197

196

194

195

182

174

114

114

113

Asia:
India
Japan
Philippines. . .
Other Asia . . .

6
15

6
15

6
18

6
18

6
23

6
24

1
2
6
24

2
5
25

1
2
5
25

1
1
5
22

I
1
3
25

1
3
27

Total . . . .

26

26

29

29

34

32

33

34

33

29

30

32

1,059

1,121

1,220

1,213

1,004

996

983

Other countries
Total foreign countries
International
Grand total

1,154

1,103

1,265

1,165

319

317

392

391

392

366

222

222

355

446

462

495

1,378

1,438

1,546

1,494

1,621

1,631'

1,387

1,442

1,568

1,450

1,458

1,478

For notes see end of table.

Digitized for FRASER


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

1,229

969

INTERNATIONAL FINANCE

15.6 ESTIMATED FOREIGN HOLDINGS OF MARKETABLE U.S. GOVERNMENT BONDS AND NOTES,
END OF QUARTER, 1949-70Continued
[In millions of dollars]
19 59

Area and country

1960

Mar.

June

Sept.

6
43
12
15
2

7
54
32
16

125
3
31
30
184
43
8

7
44
32
16
2
13
133
3
31
82
201
50
8

15
136
3
68
90
264
51
8

570

629

344

342

86
3
2

Dec.

19 61
Da c. l

Mar.

June

Sept.

7
64
35
16

6
64
37
16

7
53
18
16

7
53
17
16

17
141
3
101
88
323
53
8

18
141
3
79
87
368
39
8

17
158
3
79
84
403
40
8

14
158
3
78
74
381
41
8

6
28
16
16
1
13
143
3
77
57
412
41
8

750

863

874

893

857

450

452

485

429

424

82
4
2

82
4
2

82
3
3

82

82

63

39

2
J

2
14
6
o

2
14
9
>

3
14
11
2

3
14
12
5

3
14
12

3
14
13

13
13

115

115

118

1 (9

120

120

1
3
32

2
3
33

2
5
40

2
3
47

10
2
3
55

38

38

48

53

Mar.

June

Sept.

Dec.

Europe:
Belgium
Denmark
Fra nee
Germany

Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other Western Europe
Eastern Europe. .

...
.,.
...

.,

Total. . .
Canada
Latin America :
Cuba
Mexico
Panama
Uruguay
Venezuela . . .
Other L.A. republics
Neth. Antilles and Surinam

...

Total . . .
Asia :
India
Japan .
Philippines.
Other Asia
Total
Africa
Other countries
Total foreign countries
International and
regional:
International 2
L.A. regional

...

Total ,
Grand total

. .

2
31
5 '
3

1
31
4
3

j i
30
^3

8
10
4
1

3
132
1
51
87
435
48
9

1
128
1
71
86
483
48
8

3
126
1
93
83
415
49
8

4
148
1
82
94
420
44
9

3
141
1
93
91
449
45
9

827

847

877

810

872

848

416

446

464

463

465

4">9

6
1
1
1
4
13

3
13
12

1
j
4
13

1
1
4
13

5
1
1
1
4
13

5
1
1
1
3
13

101

73

32

30

29

31

31

40
2
2
71

40
2
2
59

40
2
2
43

41
3
46

6
3
2
46

6
3
2
46

6
3
2
45

6
3
1
45

70

115

103

87

92

57

57

57

56

13

12

13

12

17

29

29

1 ,070

1,127

1,369

1,507

1,582

1,592

1,491

1,409

1,426

1,441

1,371

1,438

1,406

523

523

605

660

709

755

671

884

900

1.063
28

1,010
57

1,125
77

1 , 240
192

523

523

605

660

709

755

671

884

900

1,091

1 ,067

1.202

1 ,432

1 593

1 650

1 974

2 167

2 291

2 347

2 162

2,293

2,326

2,532

2,438

2 640

2.B38

For notes see end of table.

Digitized for FRASER


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

2
31
5
3

970

INTERNATIONAL FINANCE
15.6

ESTIMATED FOREIGN HOLDINGS OF MARKETABLE U.S. GOVERNMENT BONDS AND NOTES,


END OF QUARTER, 1949-70Continued
[In millions of dollars]
19 62

Area and country


Mar.

Europe :
Austria
Belgium
Denmark
France
Germany
Italy
Netherlands.
Norway
Spain
Sweden .
Switzerland
United Kingdom
Other Western Europe
Eastern Europe

June

Sept,

Mar.

Dec.

123
83
440
49
8

2
91
1
102
86
418
49
8

93
83
370
50
8

2
I
16
3
3
1
2
111
1
73
85
297
51
8

8
29
3
3

2
2,9
3
3

2
93
I
92
83
388
49
8

2
85

19 64

1963

30
3
3

16
3
3

87

June

Sept.

Mar.

DeC . 3

Sept.

June

Dec.

2
1
15
3
3
1
2
133
I
123
82
312
51
8

2
1
13
3
3
I
2
126
1
133
83
361
50
8

15
3
3
1
2
137
I
73
83
298
50
8

14
6

14
1

1
4
131
2
129
75
328
46
7

1
4
131
2
130
77
380
50
7

J4
7
1
1
5
131
2
130
77
402
50
7

14
7
1
1
4
101
2
90
78
402
51
7

14
1
I
1
5
98
2
40
79
414
50
7

Total

760

828

794

717

652

676

737

788

748

807

829

760

721

Canada . .

423

253

266

389

528

644

700

686

687

686

686

695

690

g
1
1
1
4
15
6

6
1
1
1
3
15
6

5
1
I
1
3
16
6

1
1
1
5
15
6

I
I
1
5
16
6

I
1
1
5
16
4

1
1
I
5
16
5

2
10

t
1

1
1
1
6
IS
5

2
15
3

3
15
3

33

33

34

33

34

34

32

33

32

23

6
3

6
3

6
3

5
3

5
3

5
3

5
3

42

6
3
1
42

42

41

41

41

42

42

42

38

43

46

44

Total

52

52

52

50

49

49

51

51

47

44

48

51

49

. ,

13

11

10

10

10

10

10

10

10

10

14

16

1,281

1,177

1,156

1,199

1,272

1,413

1 ,530

1,568

1,524

1,570

1,596

1,546

1,501

1,087
188

1,009
156

861
132

799
112

850
116

965
100

1,068
95

1,129
84

1,134
84

1,095
75

992
76

847
76

828
76

Latin America:
Panama
Uruguay
Venezuela
Other L.A. republics. . . :
Neth, Antilles and Surinam
Other Latin America
Total
Asia:
India
Japan
Philippines
Other Asia .
Africa

.
...

"

3
16
3

4
18
3

1
3
16
4

23

26

25

Other countries
Total foreign countries
International and
regional:
International 2
L.A, regional

. ...

Total

1,275

K165

993

911

966

1,065

1,163

1,213

1,218

1,170

1,068

923

904

Grand total

2,556

2,342

2,149

2,110

2,238

2,478

2,693

2,781

2,742

2,740

2,664

2,469

2,405

For notes see end of table.

Digitized for FRASER


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

971

INTERNATIONAL FINANCE
15.6 ESTIMATED FOREIGN HOLDINGS OF MARKETABLE U.S. GOVERNMENT BONDS AND NOTES,
END OF QUARTER, 1949-70Continued
[In millions of dollars]
19 65

Area and country

Mar.
Europe:
Austria
Belgium
Denmark
France
Germany
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom .
Other Western Europe
Total
Canada . .
Latin America :
Panama
U ruguay
Venezuela
Other L.A. republics
Neth. Antilles and Surinam
Other Latin America
Total
Asia :
India
Japan . . .
Philippines
Other Asia

T ota 1

Africa

June

international and regional:


International
L A regional
Asian regional

Mar.

Dec.

Sept.

June

Sept.

Dec.

Mar. i June

Sept.

Dec.

14

14

14

14

14

13

13

13

J2

12

12

t
6
68
2
24
89
548
50

1
6
49
2
24
89
553
51

1
1
S
45
2
24
91
564
49

1
1
5
51
2
24
93
560
50

1
2

5
68
2
40
78
407
50
7

1
1
5
68
2
24
87
502
50
7

51
2
24
93
353
50

51
2
24
90
364
50

9
4
51
2
24
87
379
51

51
2
24
93
298
50

1
2
5
51
2
24
93
348
49

12
I
2

5
51
2
24
91
380
51

683

772

821

806

813

817

556

605

609

624

637

643

692

695

716

718

716

i4

735

727

718

676

683

686

693

1
1

6
16
2

6
16
2

8
16
2

6
16
2

6
16
2

6
16
2

23

25

24

24

24

24

3
18
5

3
18
3

4
18
3

3
17
4

o
17
6

29

26

26

27

28

"
25

44

44

42

42

42

42

42

42

42

53

54

54

53

53

51

51

51

51

51

50

50

62

63

63

16

16

16

16

16

16

15

15

15

28

22

19

Other countries
Total foreign countries

19 67

19 66

1,516

1,594

1,632

1,577

1,592

1,596

1,339

1,388

1,395

1,455

M63

1,466

722
76

722
77

718
77

679
74

483
73

359
74

314
75

250
75

172
60

172
57

169
38
i

168
35
I

798

799

795

752

556

433

389

325

232

230

208

204

Grand total

2,314

2,393

2,427

2,329

2,148

2,029

1,728

1,713

1,627

1,685

1,671

1,670

Total

For notes see following page.

Digitized for FRASER


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

972

INTERNATIONAL FINANCE
15.6

ESTIMATED FOREIGN HOLDINGS OF MARKETABLE U.S. GOVERNMENT BONDS AND NOTES,


END OF QUARTER, 1949-70Continued
fin millions of dollars]
1 }69

1968

1970

Area and country

Europe:
Austria
Belgium -Luxembourg. . . .
Denmark
France
Germany
. .
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom . . . .
Other Western Europe. . . .
Total
Canada
Latin America:
Mexico
Panama
Uruguay
Venezuela
. . .
Other L.A. republics
Neth. Antilles and Surinam.
Other Latin America
Total
Asia :
India
Japan
Philippines
Other Asia

...

Total
Africa

. . ,

June

-I
11
7

_ )

12

4
49
">
24
91
423

38i

International and regional:


International
L.A. "regional
Asian regional
Tola 1
Grand total

1
\
6
4
38
1

90
449
38

Mar.

Sept.

Dec.

Mar.

}
-2
f1
7
1
6
4
38
I
5
87
432
38

10
5

9
^

9
6

9
6

8
6

<^

2
37
1
5
39
350
32

37
1
3
45
370
32

37
[

17
1
3
45
406
17

7
1
1
42
407
17

7
1
3
46
350
17

44
334

26

June

Sept.

1
6^ ""6

3
6

7
1
3
45
400
17

DC

-) '
~\

I
......

7
1
1
49
417
17

49
50^
17

i
14
47 ">
19

669

esr

660

641

488

510

470

514

500

444

494

525

600

547

377

371

373

384

388

385

3S7

387

269

268

283

193

178

I
3
18
2

1
3
17
2

3
22
2

I
3
22
I

2
15

2
15

2
12

>
12

')
12
2

2
12
2

2
12
t

1
12
4

2
12
4

7
1

25

?5

28

28

17

17

14

14

15

15

fi

(7

18

10

10

10

10

10

61

62

61

61

'H)
61

">0
56

53

53

63

63

17

18

18

19

IS

18

19

19

18

10

28

28

1-)

80

81

SO

99

85

22

42

42

43

63

63

73

73

26

27

19

11

->

19

24

22

1,153

1,170

1 J57

1,138

927

952

906

952

871

815

896

947

953

860

168
36
1

129
37
1

37
38
1

29
13

25
13
1

24
15

32
17

32
17

32
18

30
20

30
21

22
23

' '24

2
25

205

,358

166

1,336

76

42

39

38

47

49

50

50

51

45

24

26

1,233

1,180

966

990

953

1,001

921

865

947

992

977

886

a
Data in first and second columns based on benchmark
surveys
of May 31, 1955, and Nov. 30, I960, respectively.
2
Includes IMF gold investment for periods Dec. 1960 (both
columns)-Sept.
1962, and Dec. 1963 (both columns)-June 1964.
3
Data in first and second columns based on benchmark
surveys
of
Nov.
30, 1960, and July 31, 1963, respectively.
4
Data in first and second columns based, on benchmark
surveys of July 31, 1963, and Nov. 30, 1968, respectively.

Digitized for FRASER


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

June

378

Other countries
Total foreign countries

6
4
57
1
26
91
432
38

D :c. -1

Sept.

Mar.

973

5
Data in first and second columns based on benchmark
surveys of Nov. 30, 1968, and Jan. 31, 1917, respectively.

NOTE.Data represent estimated official and private holdings of marketable U.S. Government securities with an original
maturity of more than 1 year and are based on benchmark
surveys of holdings and regular monthly reports of securities
transactions: see Table 15.11.

INTERNATIONAL FINANCE
15.7 NONMARKETABLE U.S. TREASURY BONDS AND NOTES ISSUED TO OFFICIAL INSTITUTIONS OF
FOREIGN COUNTRIES, END OF MONTH, 1962-70
[In millions of dollars or dollar equivalent]
Payable in foreign currencies

Payable in dollars

End of period

Total
Total

Canada i

Italy 2

1962 Oct.. .
Nov
Dec

48
201
251

1963Jan
Feb
Mar.
Apr
May
June
July . .
Aug
Sept
Oct.
Nov. . .
Dec

564
664
664
734
788
788
863
868
868
868
868
893

183
183
183
183
183
183
208
163
163
163
163
163

125
125
125
125
125
125
125
125
125
125
125
125

58
58
58
58
58
58
58
13
13
13
13
13

1964 Jan
Feb
Mar.
Apr.
May
June
July
Aug.
Sept
Oct.
Nov.
Dec.

890
890
838
890
960
954
,105
,157
,359
,440
,440
,440

160
160
158
158
158
152
152
152
354
354
354
354

125
125
125
125
125
125
125
125
329
329
329
329

10
10
8
8
8
2
2
-2

1965 jan
Feb.
Mar.
Apr
May
June
July
Aug,
Sept
Oct
Nov
Dec.

,440
,466
,491
,491
,491
,491
,613
,613
,613
,562
,607
,692

354
354
354
354
354
354
354
354
354
354
399
484

329
329
329
329
329
329
329
329
329
329
299
299

1966 Jan. , ,
Feb
Mar,
Apr.
Mav
June
July
Aug.
Sept. . . .
Oct
Nov
Dec
1957 jan
Feb
Mar
Apr
May
June
July
Aug.
Scot
Oct
Nov.
Dec

,396
,323
,313
,237
,157
,101
,002
927
852
623
593
695

484
484
524
524
517
512
512
512
512
385
355
353

767
767
766
766
784
809
934
1,007
1,257
1,483
1,563
1,563

353
353
352
352
349
349
349
347
546
546
516
516

Sweden

Austria Belgium

Germany

48
201
251

25
25
25
25
25
25

381
481
481
551
605
605
655
705
705
705
705
730

25
25
25
25
25
25
25
25
50

30
30
30
30
30
30
30
30

100
200
200
200
200 I
200
225
275
275
275
275
275

25
25
25
25
25
25
25
25
25
25
25
25

730
730
680
732
802
802
953
,005
,005
,086
,086
,086

50
50
50
50
50
50
50
50
50
50
50
50

30
30
30
30
30
30
30
30
30
30
30
30

275
275
275
477
477
477
628
628
628
679
679
679

75*
160

25
25
25
25
25
25
25
25
25
25
25
25

,086
,112
,137
,137
,137
,137
,259
,259
,259
1,208
1,208
1,208

50
75
101
101
101
101
101
101
101
101
101
101

30
30
30
30
30
30
30
30
30
30
30
30

679
679
679
679
679
679
653
653
653
603
602
602

299
299
299
299
299
299
299
299
299
174
144
144

160
160
200
200
193
188
188
188
188
186
186
184

25
25
25
25
25
25
25
25
25
25
25
25

912
839
789
713
640
589
490
415
340
238
238
342

101
101
101
75
75
75
75
50
25
25
25
25

30
30
30
30
30
30
30
30
30
30
30
30

452
401
351
301
251
200
150
100
50

144
144
144
144
144
144
144
144
344
344
314
314

184
184
183
183
180
180
180
178
178
178
177
111

25
25
25
25
25
25
25
25
25
25
25
25

414
414
414
414
434
460
585
660
710
937
1,047
1,047

25
25
25
25
25
25
25
50
50
50
50
50

30
30
30
30

For notes see following page.

Digitized for FRASER


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

Total

974

60
60

Italy

Switzerland

Bank
for
Intl.
Settlements *

25
150
200

23
51
51

200
200
200
200
200
200
200
200
200
200
200
200

81
81
81
126
150
150
175
175
175
175
175
175

200
200
150

175
175
175
175
175
175
175
227
227
257
257
257

70*
70
70
70
70
70
70
70

257
257
257
257
257
257
257
257
257
257
257
257

70
70
70
70
70
70
93
93
93
93
93
93

125
125
125
125
125
125

50

125
125
125
125
125
125
125
125
125
125
125
125

205
182
182
182
158
158
110
110
110
58
58

101
101
101
101
151
151
276
326
376
551
601
601

125
125
125
125
125
125
125
125
125
125
125
125

1133
133
133
133
159
159
159
159
211
2:11
211

ni
:133

INTERNATIONAL FINANCE
15.7 NONMARKETABLE U.S. TREASURY BONDS AND NOTES ISSUED TO OFFICIAL INSTITUTIONS OF
FOREIGN COUNTRIES, END OF MONTH, 1962-70Continued
[In millions of dollars or dollar equivalent]
Payable in dollars
End of period

Total
Total

196g_jan
Feb.
Mar.
Apr
May
June
July . . . .
Aug.
Sept.
Oct
Nov.
Dec.
1969 Jan...
Feb
Mar.
Apr.
May
June
July
Aug.
Sept
Oct
Nov
Dec.
1970-Jan.
Feb. .
Mar.
Apr.
May... .
June
July
Aug
Sept.
Oct
Nov.
Dec. . .

Belgium

Canada

1,484
1,479
1,879
2,002
2,302
2,506
2,521
2,595
2,865
2,996
2,969
3,330

312
307
606
604
904
1,108
1,122
,122
,392
,397
,370
,692

12
12
12
12
12
12
32

114
114
414
414
714
914
914
914
1,164
,164
,134
,334

3,455
3,431
3,405
3,568
3,518
3,269
3,352
3,251
3,251
63,372
3,181
3,181

,692
,692
,667
,666
,666
,416
,391
,390
,390
,435
,431
,431

32
32
32
32
32
32
32
32
32
32
32
32

,334
,334
,334
,334
,334
,084
,084
,084
,084
,129
,129
,129

2,514
2,513
2,799
2,897
3,096
3,511
3,508
3,508
3,508
3,567
3,564
3,563

,431
,431
,717
,814
2,013
2,428
2,425
2,425
2,425
2,484
2,481
2,480

32
32
32
32
'32
32
32
32
32
32
32
32

,129
,129
,429
,529
,729
2,229
2,229
2,229
2,229
2,289
2,289
2,289

DenSwemark Italy 2 Korea den

"'16'
10
10
20
20
20
20

20
20

173
168
167
165
165
147
146
146
146
146
146
146

15
15
15
15
15
15

146
146
141
140
140
140
140
140
139
139
135
135

15
15
15
15
15
15
15
15
15
15
15
15

135
135
121
118
117
32
29
29
29
28
25
25

15
15
15
15
15
15
15
15
15
15
15
15

1
Includes bonds issued in September 1964 to the Government of
Canada in connection with transactions under the Columbia River
treaty. Amounts outstanding as follows (in millions): September 1964October 1965, $204; November 1965-October 1966, $174; November
1966-October 1967, $144; November 1967-October 1968, $114; November 1968-September 1969, $84; October 1969-September 1970, $54;
October-December 1970, $24.
a Bonds issued to the Government of Italy in connection with military
purchases in the United States.

Digitized for FRASER


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

Payable in foreign currencies

975

25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25

Taiwan

Thailand

Total

10
15
18
20

"ioo"

,172
,172
,272
,398
,398
,398
,399
,473
,473
,598
,598
,638

20
20
20
20
20
20
20
20
20
20
20
20

100
100
100
100
100
100
100
100
100
100
100
100

,763
,738
,738
,902
,852
,853
,961
,861
,861
s ,937
,750
,750

20
20
20
20
20
20
20
20
20
20
20
20

100
100
100
100
100
100
100
100
100
100
100
100

,083
,083
,083
,083
,083
,083
,083
,083
,083
,083
,083
,083

Austria

Belgium

Germany 4

Italy

50
50
50
50
50
50
50
50
50
50
50
50

60
60
60
60
60
60
60
60
60
60
60

726
726
726
852
852
852
852
926
926
.051
.051
,051

125
125
125
125
125
125
125
125
125
125
125
226

211
211
311
311
311
311
311
311
311
311
311
311

50
50
50
50
50
50
25
25
25

,176
226
. ,126
226
,126
226
,250
226
,200 . 226
,200
226
,200
226
125
,200
,200
125
125
& ,301
125
,084
,084
125

311
337
337
376
376
377
511
511
511
511
541
541

542
542
542
542
542
542
542
542
542
542
542
542

Switzerland

541
541
541
541
541
541
541
541
541
541
541
541

3
Bonds issued to the Bank for International Settlements payable in
Swiss francs.
* In addition, nonmarketable U.S. Treasury notes amounting to $125
million equivalent were issued to a group of German commercial banks
in June 1968. Revaluation of the German mark in October 1969 increased
the5 dollar value of these notes by $10 million.
Includes an increase in dollar value of $101 million resulting from
revaluation of the German mark in October 1969.

INTERNATIONAL FINANCE
15.8 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY TYPE, END OF QUARTER, 1942-60; END OF MONTH, 1961-70
[In millions of dollars]
Payable in
dollars
End of
period

Total
Total

Payable in
foreign currencies

Loans
to
Other Total
banks

Payable in
dollars
End of
period

Deposits
with Other
foreigners

1942 Dec

247

216

72

144

31

27

1943 Mar
June
Sept.
Dec

237
239
247
258

202
201
215
224

70
72
71
87

133
129
144
137

35
37
32
34

32
33
28
30

3
4
4
4

1944

Mar
June
Sept
Dec

267
279
252
330

227
241
213
275

89
89
90
105

138
151
123
170

41
38
39
55

33
30
34
46

7
8
5
9

1945 Mar
June
Sept
Dec

287
375
270
393

243
314
230
345

120
126
94
100

123
188
137
245

44
61
40
47

36
55
33
39

8
6
6
9

Total
Total

Loans
to
banks

Total

Total

Deposits
with Other
foreigners

432
511
616
708

379
453
509
610

112
228
276
320

267
224
233
290

53
58
106
98

46
50
94
89

7
9
12
9

1947 Mar. . .
June . . . .
Seot
Dec.

794
926
945
949

722
767
802
783

334
242
256
293

389
525
546
491

72
160
143
165

64
146
135
154

8
13
8
11

1,072
1,100
1,067
1,019

908
1,009
984
918

396
409
413
361

512
601
571 I
557

164
90
83
100

157
84
78
92

7
6
5
8

983
860
819
828

877
783
707
717

330
263
227
223

547
520
480
494

106
78
112
111

101
73
109
106

5
4
4
4

1 948 Mar,
June
Sept
Dec
1949 Mar
June
Sept...
Dec

Official
institutions

Banks *

Payable in foreign currencies

Loans toTotal

Other Total

1946 Mar
June
Sept
Dec

Payable in dollars

End of period

Payable in
foreign currencies

Others

Collections
outstanding

Other 2

Total

Deposits
with foreigners

Other

1950 Mar
June
Sept
Dec

649
657
745
898

564
550
536
657

305
274
259
329

97
65
65
73

122
128
106
131

85
81
88
104

197
189
177
203

63
87
101
126

85
107
209
241

80
103
190
226

5
4
19
15

1951 Mar
June
Sept.
Dec

910
939
897
968

708
738
762
877

351
355
359
373

103
77
96
86

149
164
156
177

99
113
108
110

223
240
263
300

134
143
140
203

203
201
136
92

192
179
106
72

11
23
29
20

1,004
1,030
1,023
1,049

929
956
953
970

371
330
338
342

66
88
102
88

187
137
140
123

117
105
96
132

367
425
427
441

192
201
188
187

75
73
70
78

64
3
61
70

It
10
9
9

1953 Mar.
June
Sept,
Dec

1,041
947
902
905

963
869
825
803

334
281
262
351

62
50
48
85

148
110
104
156

124
121
109

no

446
410
337
244

183
178
225
207

77
78
78
102

67
61
67
91

11
17
It
10

1954 Mar.
June
Sept
Dec.

867
971
,187
,387

768
850
,013
,176

335
364
477
591

77
83
169
243

151
174
187
207

106
107
121
142

226
254
261
301

207
232
275
283

99
121
174
211

83
108
148
173

11
13
27
38

1955 Mar
June
Seot
Dec.

,366
,450
,406
,549

,195
,276
,270
,385

601
661
667
725

239
237
203
161

195
236
253
328

166
188
210
236

296
317
310
353

299
298
293
307

171
174
136
164

13S
147
119
144.

36
27
16
20

1956 Mar
June
Sept
Dec

,510
,639
,729
,946

,384
,489
,538
,796

707
741
753
912

151
155
129
177

292
322
334
405

265
264
289
330

361
389
405
440

316
359
381
444

125
150
190
150

102
129
168
131

23
22
22
19

2,150
2,203
2,154
2,199

1,953
2,009
1,998
2,052

942
891
892
930

165
156
210
242

425
447
407
386

352
288
275
303

458
460
414
423

553
657
692
699

197
194
157
147

183
175
144
132

15
19
13
15

2,274
2,446
2,540
2,542

2,117
2,274
2,324
2,344

942
1,112
1,237
1,268

254
336
418
401

346
428
444
439

342
348
375
428

441
432
406
421

735
730
680
656

156
172
217
198

140
159
204
181

16
13
13
16

1952 Mar.
June
Sept.
Dec

1957 Mar.
J une
Sept.
Dec.

. ..

1958 Mar
June
Sept
Dec.
For notes see end of table.

Digitized for FRASER


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

976

INTERNATIONAL FINANCE
15 8 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY TYPE, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
Payable in dollars
End of period

Loans to

Total
Total
Total

Official
institutions

Banks l

Others

Payable in foreign currencies


AcceptCollec- ances
made
tions
outfor acct. Other 2
stand- of for- z
eigners
ing

Total

Foreign
govt. se
Deposits curities,
with for- coml. Other
eigners and finance
paper a

19S9 Mar.
June
Sept.
Dec.

2,429
2,451
2,382
2,599

2,268
2,290
2,203
2,407

,180
,166
,177
,309

315
291
285
351

441
462
468
498

424
413
424
460

428
455
453
516

660
669
573
582

161
161
179
192

146
144
163
178

15
17
16
15

1960 Mar
June
Sept
Dec.

2,703
2,740
3,151
3,594

2,521
2,485
2,743
3,135

,204
,114
,107
,297

332
254
237
290

475
473
484
524

397
387
386
482

538
579
578
605

779
793
,058
,233

183
255
408
460

154
173
247
222

29
82
161
238

1961 Jan
Feb.
Mar. . . .
Apr
May
June
..
July
Aug
Sept
Oct.
Nov
Dec.*

3,590
3,673
3,950
4,134
4,109
4,109
4,176
4,110
4,122
4,289
4,324
(4,719
\4,777

3,138
3,265
3,471
3,619
3,616
3,672
3,777
3,712
3,721
3,816
3,849
4,177
4,234

,259
,317
,338
,431
,390
,316
,368
,293
,353
,398
,467
,646
,660

281
362
311
323
271
228
208
161
183
215
243
329
329

518
499
533
585
599
583
635
595
606
583
599
699
709

460
455
494
523
520
506
525
537
564
600
625
618
622

620
622
679
716
710
711
718
719
697
683
682
694
700

,259
,326
,453
,473
,517
,645
,691
,700
,671
,736
,700
,837
,874

452
408
479
515
492
437
399
398
402
473
475
643
543

175
189
232
229
220
235
216
220
220
262
255
342
343

277
219
247
286
272
202
183
178
182
211
220
200
200

1962 Jan
Feb.
Mar
Apr.
May
June
July
AUE
Sent
Oct.
Nov
Dec.

4,646
4,773
5,032
4,977
4,931
4,873
4,868
4,816
4,766
4,941
4,861
5,101

4,230
4,371
4,598
4,564
4,466
4,438
4,423
4,397
4,341
4,379
4,351
4,606

,644
,737
,886
,945
,902
,883
,864
,879
,870
,876
,839
,953

358
405
429
446
473
504
476
455
475
428
371
359

666
706
808
815
854
834
828
818
802
816
824
953

621
627
649
685
575
545
560
605
593
632
644
642

714
721
736
730
117
703
701
698
690
706
718
686

,872
,912
,976
,889
,847
,852
,858
,820
,782
,798
,794
,967

416
402
433
413
465
435
445
419
425
562
510
495

246
248
267
229
248
269
266
259
244
353
300
309

171
154
166
184
217
165
179
159
181
210
210
186

19 63 Jan.
Feb.
Mar
Apr.
May
June
July
Aug
Sept
Oct
Nov
Dec

4,861
4,992
5,024
5,209
5,248
5,431
5,369
5,333
5,357
5,496
5,668
5,887

4,429
4,534
4,541
4,713
4,751
4,838
4,833
4,803
4,853
4,896
5,121
5,344

,816
,809
,776
,746
,642
,707
,671
,759
,739
,732
,918
,915

322
293
255
236
171
142
136
166
177
153
201
186

845
853
850
824
790
869
827
876
840
852
961
955

649
662
671
686
680
695
708
717
722
727
757
774

637
684
708
731
742
734
741
734
758
773
801
832

2,051
2,031
2,040
1,961
2,042
2,046
2,052
2,214

1,976
2,041
2,057
2,235
316
367
381
349
314
345
350
384

432
457
483
496
498
593
536
530
504
600
547
543

257
270
284
285
289
365
301
306
307
371
341
343

176
188
200
211
56
52
58
55
49
55
51
42

1964 Jan.
Feb
Mar
Apr.
May
June
July
AUE
Sept
Oct
Nov
Dec.4

6,073
6,184
6,292
6,415
6,481
6,824
6,656
6,707
6,740
6,849
6,904
17,411
\7,957

5,509
5,620
5,706
5,784
5,822
6,089
6,039
6,083
6,132
6,242
6,303
6,811
7,333

2,02,4
2,056
2,047
2,094
2,140
2,192
2,233
2,264
2,310
2,378
2,462
2,652
2,773

191
176
162
152
140
168
168
151
159
164
165
223
221

1,037
1,090
1,086
1,108
1,138
1,143
1,152
1,176
1,207
1,251
1,316
1,374
1,403

796
791
799
834
861
881
913
938
944
964
980
1,055
1,150

863
891
932
911
932
933
956
956
980
986
990
,007
,135

2,248
2,325
2,394
2,413
2,373
2,438
2,401
2,403
2,414
2,431
2,420
2,600
2,621

373
348
333
367
378
526
448
460
428
446
432
552
803

565
564
586
631
660
736
618
624
609
607
601
601
624

314
330
320
366
376
422
349
348
351
347
334
342
336

207
197
211
210
221
254
207
202
176
183
182
187

43
36
55
56
62
60
62
74
83
83
84
77
102

7,768
7,887
7,934
7,800
7,775
7,758
7,570
7,541
7,498
7,392
7,486
J7.632
\7,735

7,137
7,228
7,334
7,251
7,200
7,191
7,037
7,032
6,965
6,895
6,983
7,158
7,243

2,789
2,949
2,954
2,909
2,819
2,854
2,803
2,821
2,813
2,806
2,888
2,968
2,970

221
250
243
208
213
231
241
233
239
265
251
271
271

1,427
1,491
1,504
1,493
1,461
1,476
1,422
1,458
1,468
1,440
1,535
1,566
1,567

1,140
1,208
1,207
1,208
1,144
1,147
1,139
1,129
1,106
1,101
1,101
1,130
1,132

,056
,013
,081
,088'
,099
,131
,136
,158
,189
,191
,207
,268
1,272

2,511
2,499
2,590
2,584
2,607
2,605
2,531
2,509
2,454
2,422
2,411
2,501
2,508

781
767
708
670
676
601
566
544
510
476
477
422
492

631
659
599
549
575
566
533
509
533
496
503
474
492

343
348
325
310
330
328
308
298
364
321
325
325
329

181
188
157
138
147
141
141
125
78
82
75
54
68

107
123
117
100
98
98
84
87
90
93
103
95
96

1965 Jan.
Feb
Mar
Apr.
May
June
July
AUE
Sept
Oct.
Nov
Dec.4

..

. .

For notes see next page.

Digitized for FRASER


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

977

152
176
176
170
148
174
156
157

Hi

INTERNATIONAL FINANCE
15.8 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY TYPE, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
Payable in dollars

End of period

Loans to-

Total
Total
Total

1966Jan.
Feb.
Mar
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Official
institutions

Banks l

Others

Payable in foreign currencies


AcceptCollec- ances
made
tions
foracct. Other 2
outstand- of foring
eigners

Total

Foreign
govt. seDeposits curities,
with for- coinl. Other
eigners and finance
parwr 3

7,557
7,471
7,590
7,474
7,560
7,649
7,503
7,411
7,420
7,445
7,547
/7.819
\7,853

7,082
7,035
7,145
7,067
7,139
7,179
7,078
6,971
6,993
7,011
7,095
7,399
7,433

2,864
2,815
2,867
2,719
2,835
2,911
2,860
2,820
2,943
2,970
3,015
3,139
3,141

257
224
231
221
224
248
215
216
256
274
273
256
256

,498
,497
,508
,425
,520
,584
,570
,548
,619
,607
,619
,739
,739

1,110
,095
,128
,073
,091
,079
,075
,056
,068
,089
,123
,143
,145

1,252
,264
,287
,305
,298
,320
,340
,374
,374
,354
,363
,367
,288

2,489
2,484
2,545
2,578
2,542
2,475
2,383
2,324
2,267
2,251
2,276
2,450
2,540

475
472
446
466
464
473
495
453
409
436
441
443
464

475
436
445
406
421
469
425
440
427
434
452
420
420

292
260
286
252
253
294
252
260
241
253
269
240
241

65
61
53
61
62
63
59
57
61
73
77
70
70

UB
115
106
94
106
113
113
123
125
108
106

1967 Jan.
Feb.
Mar
Apr
May
June
July
Aug.
Sept.
Oct
Nov
Dec.4

7,692
7,686
7,864
7,949
8,102
8,253
8,223
8,273
8,335
8,261
8,346
/8,583
\8,606

7,323
7,276
7,441
7,528
7,689
7,853
7,808
7,763
7,913
7,828
7,936
8,158
8,182

2,996
2,969
3,016
2,960
2,920
2,908
2,862
2,909
3,032
2,963
3,019
3,137
3,150

258
239
252
271
246
253
261 '
287
271
270
264
306
306

,592
,579
,611
,536
,557
,553
,483
,497
,595
,556
,566
,603
,616

,146
,151
,153
,154
,116
1,103
1,118
1,125
1,167
1,138
1,190
1,228
1,228

,288
,292
,356
,352
,385
,430
,430
,440
,452
,456
,508
,511
,552

2,575
2,566
2,628
2,739
2,914
3,028
3,039
2,944
2,929
2,899
2,942
3,013
3,013

463
450
441
476
471
487
478
470
500
510
467
498
467

369
410
423
421
413
400
415
510
422
433
410
425
425

213
248
275
256
263
262
281
368
291
293
269
287
287

73
70
50
77
62
54
57
70
48
61 1
71
74
70

83
92
97
88
89
83
78
73
83
79
70
63
67

1968 Jan
Feb.
Mar
Apr
May
June
July
Aug.
Sept.
Oct. .
Nov.
Dec.

8,434
8,528
8,387
8,395
8,331
8,244
8,179
8,230
8,323
8,428
8,547
8,711

8,031
8,162
8,062
8,048
8,010
7,919
7,841
7,903
7,977
8,031
8,149
8,261

3,059
3,152
3,031
3,022
3,076
3,041
3,002
3,022
3,197
3,150
3,219
3,165

296
305
308
280
270
288
287
300
302
267
220
247

,554
,650
,525
,561
,619
,604
,566
,570
,731
,705
,811
,697

1,209
1,198
1,198
1,180
1,187
,149
,148
,152
,163
,178
,189
,221

,560
,628
,630
,612
,610
,615
,586
,606
,621
,657
,697
,733

3,025
2,978
2,991
3,016
2,886
2,796
2,787
2,824
2,745
2,773
2,747
2,854

387
403
410
399
438
467
467
452
415
451
486
509

403
366
325
347
321
325
338
326
346
397
398
450

261
254
2t9
240
220
228
230
225
250
306
279
336

67
52
45
46
44
38
44
38
29
28
5"'
4C)

75
60
59
61
57
60
65
62
67
63
67
73

1969 Jan.
Feb. .
Mar
Apr. .
May
June
July
Aug
Sept
Oct
Nov
Dec.'

8,371
8,413
8,634
. . 8,734
9,018
. , 9,222
9,025
8,947
8,967
9,092
9,044
/9.S78
\9,680

7,985
8,016
8,184
8,224
8,496
8,669
8,513
8,467.
8,472
8,573
8,610
9,063
9 165

3,040
3,140
3,206
3,162
3,208
3,325
3,118
3,072
3,093
3,173
3,203
3,281
3,278

217
222
275
289
295
293
258
235
212
263
261
262
262

,667
,757
,781
,763
,855
,971
,829
,819
,880
,921
,944
,946
,943

,156
,161
,150
,110
,057
,061
,030
,018
,000
990
999
,073
,073

,623
,567
,634
,723
,734
,751
,766
1,838
1,860
1,896
1,928
1,954
2,015

2,794
2,746
2,777
2,773
2,900
3,068
3,059
3,015
2,973
2,940
2,922
3,169
3,202

528
563
567
565
654
526
571
543
546
563
556
658
670

386
397
450
510
522
553
512
480
495
520
434
516
516

252
257
267
318
291
334
310
272
355
393
316
352
352

59
62
91
94
127
111
90
101
51
46
45
84
89

75
77
92
98
104
108
113
107
89
80
74
79
74

1970 Jan..
Feb
Mar.
Apr. .
May
J une
July.
AUK.
Sent
Oct.
Nov.
Dec. .

9,387
9,291
9,431
9,535
9,820
10,025
9,741
9,527
9,732
9,859
10,121
10,802

8,886
8,830
9,017
9,056
9,323
9,558
9,320
9,071
9,273
9,371
9,589
10,192

3,260
3,207
3,290
3,116
3,193
3,316
3,191
2,975
3,231
3,129
3,132
3,051

257
265
294
335
315
305
256
178
186
109
95
119

,986
,914
,922
,734
,825
,932
,873
,711
,936
,897
,894
,720

,018
,029
,074
,047
,053
,079
,063
,087
,109
1,123
1,143
1,212

2,039
2,060
2,157
2,241
2,312
2,344
2,350
2,354
2,381 i
2,438
2,429
2,389

3,019
2,987
3,044
3,223
3,244
3,287
3,234
3,171
3,056
3,158
3,330
3,985

569
576
526
476
573
610
545
571
605
647
698
766

500
461
415
478
498
467
421
455
459
488
532
610

345
320
300
342
338
314
296
347
345
339
331
352

85
67
50
76
93
83
66
50 '
40
67
112
92

70
73
65
60
66
69
59
59
74
83
89
166

.,

1
Excludes central banks, which are included with "Official institutions."
2a Until May 1963 "Acceptances" included in "Other,"
Until
May 1963 "Foreign government securities" included in "Other."
4
Data on the two lines shown for this date differ because of changes in

Digitized for FRASER


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

978

no
110

reporting coverage. Figures on the first line are comparable with those
shown for the preceding date; figures on the second line are comparable
with those shown for the following date.

INTERNATIONAL FINANCE
15*9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70
[In millions of dollars]

1942
Area and country

Total

June

Sept.

...

Total
.

Total
Other countries:
Australia
Allother 2
Total
Total foreign countries . . .

Sept.

Dec.

6
1
34

6
2
34

8
1
34
1

1
34
1

1
34
1

1
34
1

1
34

1
34
1

1
34
1

1
11

3
3

1
3

36
32

1
3

1
40

2
3

1
2
13

3
2
14

2
4
16

2
4
15

3
3
20

3
3
21

5
2
28

3
2
25

2
1
3
2
25

10
1

1
1

1
2
26

1
2
24

35
2

1
1

1
2
26

1
2
23

74

76

79

86

81

79

93

72

109

71

120

74

143

34

24

26

37

38

38

34

31

28

24

54

40

53

7
17
15
21
8

6
18
16
17
12
6
2
1
4

8
18
15
17
18
9
1
1
4

8
18
16
14
13
7

15
19
17
12
20
11
1
1
4

20
21
15
13
20
9
1
1
4

6
26
8
13
23
8
1
1
5

3
25
9
15
47
9
1
1
5

5
23
8
16
61
9
1
1
4

8
31
7
17
50
9
1
1
6

13
22
7
17
18
9
1
1
5

21
25
7
17
33
11
1
2
6

18

17

12

1
4
1
11

11

12

10
24
9
12
28
9
1
2
5
1
12

13

15

15

15

27

36

100

99

105

94

112

116

113

104

131

144

145

121

159

11
1
2
2

2
1
3
2

4
1
2
2

2
1
2
2

3
1
6
1

14
2

14
2

14
3

2
1
6
1
1
14
9

14
9

1
1
12
1
1
14
9

1
1
17

14
2

2
1
2
1
1
14
7

2
1
22
2

14
3

11
1
3
2
1
14
2

1
14
13

I
1
8
1
1
14
3

1
1
7
1
1
14
3

33

33

24

25

23

29

28

34

50

39

47

28

28

9
1
1

3
1
1

10

2
1

10

11

12

It

247

237

239

247

For notes see end of table.

Digitized for FRASER


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

June

8
1
34
1

Asia:
China
Hong Kong
India
Indonesia
Japan
Philippines
Other

Mar.

8
1
34
1

Total

Dec.

...

Sept.

...

Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Venezuela
Neth Antilles and Surinam
Other

June

6
1
34

6
1
34

Canada

Mar.

Dec.

19<\5

....

Africa :
Morocco
South Africa
U A.R. (Egypt)
Other i

Mar.

Dec.

Europe:
Belgium
Denmark
Finland
.
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey .
United Kingdom
Yugoslavia
U.S.S.R
Other
. . . .

19 44

19 43

979

1
1
258

267

279

252

330

287

375

270

393

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
1946

Area and country

Mar.

Europe:
Belgium
Denmark
Finland . . . .
France
Germany . .
Greece
Italy
Netherlands.
Norway
Portugal . . .
Spain ......
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia . ,
U.S.S.R
Other

4
1
1
34
36
6
2
1
6
1
29

June

1947

Sept.

Dec.

Mar.

4
1
34
1
2
119

4
3
34
13
11
137
1
1
4
5
5

6
6
30
12
16
151
3
1
7
5
10
1
48

8
16
30
13
21
156
4
1
4
6
11
2
36

1
3
6
6
1
30

65

June

10
1
11
20
30
13
24
49
6
2
4
7
8
3
39

1948

Sept.

11
1
17
22
30
12
23
47
9
1
1
9
9
6
29

Dec.

15
2
8
23
31
11
21
49
9
1
1
5
7
18
29

Mar.

24
7
7
118
30
10
17
51
9
2
4
3
6
16
18

June

19
3
6
127
10
5
21
N9
12
1
3
5
6
2
22

Sept.

18
1
4
124
29
3
16
70
24
1
5
2
8
2
21
11

Dec.

21

3
119
31
1
16
51
g

3
1
7

25

10

13

36

33

36

45

55

48

30

127

222

296

314

330

264

262

266

368

376

388

325

Canada

63

54

50

52

39

36

29

27

28

26

26

40

Latin America:
Argentina
Brazil
Chile
Colombia ...
Cuba
Mexico. . . .
Panama

25
30
7
20
37
14
3

20
28
8
23
29
15
2

21
37
14
24
21
22
1

42
50
15
26
26
26

50
70
16
27
45
31
2

58
161
17
40
46
33
3

65
161
22
36
60
30
5

65
166
28
33
109
52
5

57
186
25
39
109
60
4

59
18&
22:
48
91
73
4

62
173
19
40
61
72

72
165
15
33
83
74
5

8
1
30

27

31

9
1
28

20
1
41

17
1
44

15
1
45

15
1
37

18
1
34

20
1
35

19
1
37

26
2
37

178

165

183

227

309

425

448

514

537

544

493

517

23
1
7

24
2
7
1

35
3
12

54
6
12
1

41
4
15
1

105
4
33

104

41
3
30

38

27

16
5

17
4

17
4

20
5

20
6

25
13

1
27
8

26
1
6
31
10

56
5
28
1
1
32
8

66
4
19
1
8
29
12

24
3
20
I
16
37
16
117

Total

Parn

Venezuela . .
Neth. Antilles and Surinam
Other
Total
Asia:
China . .
Hong Kong. .
India
Indonesia. . .
Japan
Philippines, .
Other

20
9 i

Total

53

55

72

98

87

170

172

109

116

131

139

Africa:
Morocco. . .
South Africa
U A R.1 (Egypt)
Other

10

16

15

15

14

10

12
1
7

10

Total

10

13

12

14

23

21

24

22

17

20

17

15

10

Other countries:
Australia .2 . .
All other . .

. . .

Total
Total foreign countries

10

432

511

616

708

794

926

945

949

1,072

1,100

1,067

1,019

432

511

616

708

794

926

945

949

1,072

1,100

1,067

1,019

International. .
Grand total

. ..

For notes see end of table.

Digitized for FRASER


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

980

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 49

Area and country

Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands. . .
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
U.S.S.R.
Other

Total. .
Canada. .
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela . . . .
Neth. Antilles and Surinam
Other
Total
Asia:
China Mainland
Hong Kong
India
Indonesia . . . .
Israel
Japan
Philippines
Taiwan *
Thailand
Other

Total
Africa :
Congo (Kinshasa)
Morocco
,
South Africa
U.A.R.1 (Egypt)
Other
Total
Other countries:
Australia
All other *
Total
Total foreign countries

Mar.

June

Sept.

Dec.

(3)

(3)

(3)

(3)

18
2
3
116
30
1
21
25
9
1
2
2
g
1
34

....

19
1
5
87
30
27
5
9
1
4
2
6
1
17

19 51

19 50

14
1
7
68
30
1
15
7
8
4
2
4
19
57

Mar.

19

18

8
52
30

2
35
25

23
5
7
I
7
2
4
14
37

20
4
1
1
7
2
8
6
24
1

June

Sept.

Dec.

Mar.

June

Sept.

Dec.

12
2
3
21
25

15
2
3
30
25

22
3
2
31
25

23
4
4
31
26

19
6
6
7
25

21
5
3
11
29

40
5
3
10
28

29
4
1

17
3
1

21
3
1

4
3
9
1
28

3
3
10
1
76

2
7
9
1
106

34
4
2
1
1
9
9
1
100

53
4
2
1
14
7
11
1
110
2

13
3
2
1
14
4
9
1
52
2

10
5
2
1
19
5
11
1
35
4

20

25

18

23

290

238

255

233

160

150

194

238

254

273

175

183

39

34

35

38

37

35

110

126

107

117

101

92

62
167
15
30
85
76
4
6

58
155
12
38
21
68
5
6

54
162
11
23
18
64
5
6

45
75
8
24
18
48
5
6
13
25
1
36

43
67
5
53
30
46
5
10
7
26
1
32

41
64
3
46
26
45
4
11
6
24
1
26

46
78
7
43
28
71
3
11
8
49
1
35

18
85
7
36
47
65
3
13
8
91
1
28

9
95
13
48
39
59
3
13
10
67
1
30

8
135
19
42
34
69
3
13
13
68
1
32

8
185
25
44
32
91
3
12
11
42
1
37

324

298

379

403

387

437

489

24
I
35

24
1
36

22
1
37

54
137
15
21
28
73
5
6
3
26
1
45

505

423

404

411

303

20
4
20
1

18
3
21
1
(3)
39
30

18

17

19

18

22

18

17

17

19

20

15

16

17

16

12

13

(a)
10
25

(8)
14
23

13
8
22

15
5
6
1
15

19
12
5
1
21

20
8
9
6
3
17

22
10
9
6
3
30

26
9
19
7
4
45

30
12
29
7
2
61

84

95

85

102

128

162

(3)

(3)

(8)

18

34

(3)
35

(s)
50

1
23

8
1
12
j
24

130

146

107

125

110

87

(s)

4
(B)
11

4
(*)
12

(3)

35
32

(3)

(3)

(8)

(3)

(')

1
5

4
(')

(3)

(s)

(8)

(s)

8
(')

8
4
7

12

14

13

12

19

20

15

19

17

23

28

19

19

41

44

41

45

36

28

23

7
6

19

41

44

41

45

36

28

23

983

860

819

828

649

657

745

898

910

939

897

968

983

860

819

828

649

657

745

898

910

939

897

968

In te rna tiona 1
Grand total
For notes see end of table.

Digitized for FRASER


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

981

INTERNATIONAL FINANCE
15.9

SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 53

19 52

Area and country

Europe:
Austria
Belgium .
Denmark
Finland
France
,
Germany
Greece
Italy
Netherlands
Norway . . . .
Portugal
,
Spain
Sweden.
Switzerland
Turkey .
United Kingdom
Yugoslavia
U.S.S.R
Other
Total
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
.
Panama
Peru
Uruguay
Venezuela
Neth. Antilles and Surinam. . . .
Other
Total

Total
Africa:
Congo (Kinshasa)
Morocco *
South Africa
U.A.R. (Egypt)
Other * . .
Total
Other countries:
Australia . .
All other 2
Total
Total foreign countries

Sept.

Mar.

June

Sept.

29
5
3
13
28

14
3
3
12
23

12
3
3
9
27

1
16
2
6
32
27

15
5
5
8
27

12
1
4
8
31

11
4
2
10
34

21
6
2
1
13
4
12
14
35
1

30
3
2
1
14
3
10
15
36
2

20
3
2
1
13
2
8
56
27
7

18
4
2
1
11
3
7
39
30
9

25
7
1
1
6
2
14
19
36
1

25
5
1

22
7
1

7
2
15
11
29
5

24
2
15

Dec.

Mar.

June

34
4

Dec.

Mar.

1
13
6
2
11
31
1
19
9
1
1
24
3
18
16
71

13
3
1
10
53
2
14
13
1
12

June

15
4
2
10
54
2
15
12
1
1
3
2
12

Sept.

16
5
2
14
48
4
13
11
2
1
4

13
35
60
6

77
5

17
33
129
3

:*6

Dec.

20
10
3
14
70
3
20
16
2

4
4
16
41
173

191

176

197

212

180

163

179

236

243

258

309

402

72

51

58

62

61

58

57

56

60

65

71

76

9
235
29
34
57
101
4
12
19
33
1
37

8
358
26
35
52
78
6
11
30
32
1
31

9
375
22
32
34
92
4
10
21
32
1
28

8
356
26
42
32
89
7
15
14
37
1
35

7
371
19
38
38
96
4
15
7
36
2
40

9
324
g
48
27
88
5
14
4
35
2
39

7
274

5
117
20
48
58
85
7
15

6
167

36
2
40

7
125
23
57
51
93
5
20
4
42
3
44

6
273
14
107
71
116
9
16
7
63

30

30

6
288
11
70
63
95
6
14
3
53
2
36

570

670

658

662

673

603

540

473

426

499

647

728

3
3

3
2

3
1

3
1

3
2

3
2

3
3

3
3

3
2

3
3

3
2

3
3

1
30
9

1
28
14

1
15
13

1
25
17

1
19
17

1
23
26
(3)
6
5
6
38

1
22
33

1
g
39

1
9
30

1
11
50

5
6
4
32

9
5
6
36

12
5
7
52

7
5
6
52

115

111

113

126

143

Asia:
China Mainland
Hong Kong
Indonesia
Israel
Japan
Korea
Philippines .
Taiwan
Thailand
Other

19 54

23
6
4
37

20
5
3
20

1
23
10
(a)
5
7
4
28

136

103

7
6

(3)

47
22
79
6
17

39

12

66

59

8?.

fi

16
4
46

46

g
7
3
35

10

7
6
32

12
5
5
33

1
24
20
(3)
9
5
6
30

86

90

107

101

105

2
1
4

(3)

(S)

(3)

(3)

3
1
5

11

12

10

18

18

15

12

13

15

13

17

18

25

24

23

18

12

10

10

11

14

18

12

10

10

11

14

1,004

1,030

1,023

1,049

1,041

947

902

905

867

971

1,187

1,387

1,004

1,030

1,023

1,049

1,041

947

902

905

867

971

1,187

1,387

International
Grand total
For notes see end of table.

Digitized for FRASER


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

982

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
{In millions of dollars]

Europe:
Austria . ,
.
Belgium
Denmark
Finland
France
Germany
Greece
Italy
'
Netherlands
Norway
Portugal .
Spain . ,
Sweden
Switzerland
. .
Turkey
United Kingdom
Yugoslavia
U.S.S.R..
Other

Mar.

....

.
.

Total
Canada
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay .
Venezuela
Neth. Antilles and Surinam
Other . .
Total
Asia:
China Mainland. . .
Hong Kong
India
Indonesia
Israel
.
. . .
Japan
Korea . . .
. . .
Philippines
Taiwan
Thailand
Other
Total

. . .

1
19
7
3
7
74
4
23
19
3
1
3
4
18
68
119
4

June

15
7
3
10
84
3
28
13
2
1
5
5
19
80
91
3

19 57

19 56

19 55

Area and country

Sept.

Mar.

Dec.

1
11
8
2
11
69
3
27
13
4
1
6
6
21
92
76

June

Sept.

Dec.

Mar.

June

Sept.

Dec.

12
88

3
20
10
2
14
92

6
20
9
4
17
122

7
19
6
5
66
125

7
28
12
4
18
157

8
34
11
3
26
177

5
25
8
3
82
159

7
25
6
3
113
150

6
25
11
4
114
140

30
11
9
2
5
7
26
78
109
2

36
15
9
1
6
7
28
70
69
6

32
16
11
1
9
7
24
71
82
5

35
16
15
1
8
10
28
70
81

43
21
23
2
8
13
29
88
104

59
20
18
2
11
14
26
83
160
2

60
24
16
2
12
14
28
75
159
1

54
28
18
I
24
9
32
72

56
29
23
2
8
10
34
76
98

2
16
13

no

10

381

374

356

423

400

444

504

568

667

688

671

654

91

122

115

144

132

127

131

157

161

125

111

154

5
220
19
88
65
128
18
15
8
80
1
41

8
154
15
132
65
125
18
16
6
85
3
47

6
107
7
127
71
146
13
20
5
90
1
48

7
69
14
143
92
154
17
29
18
105
56

12
60
6
160
81
152
20
30
13
108
3
56

10
66
10
162
90
161
13
29
15
130
8
62

11
63
15
145
81
184
11
32
26
133
6
69

15
72
16
145
90
213
12
35
15
144
5
78

37
76
22
158
89
216
13
37
12
152
3
82

48
77
35
123
93
208
12
32
18
159
3
84

29
123
28
101
85
240
16
33
39
152
3
82

28
100
33
103
113
231
18
31
42
170
2
85

687

672

642

706

701

755

776

840

898

893

931

956

2
4
5

2
3
4

2
4
6

2
6
9

2
7
11

3
9
9

2
7
6

15
5
20
88

10
96
2
12
6
9
83

2
5
6
1
11
121
1
7
6
10
98

8
92

2
3
5
1
10
103
1
19
6
8
74

2
5
7

8
60
1
10
6
12
62

3
4
4
1
9
110
1
17
5
8
91

12
123
1
11
6
8
97

16
170
1
16
6
9
108

24
193
1
18
10
106

24
258
1
30
5
12
99

23
188
1
51
6
8
92

24
146
2
53
6
14
128

170

239

252

233

232

268

272

337

375

451

389

386

Africa:
Congo (Kinshasa) .

South Africa
U.A.R. (Egypt)
Other i

7
1
12

7
3
17

6
1
18

8
17

7
2
18

7
3
16

7
3
17

8
2
17

7
1
22

11
1
17

11
I
24

12
1
19

Total

26

33

31

32

32

34

35

32

36

34

41

37

11

10

11

11

12

12

11

11

13

12

11

13

Other countries:
Australia 2
All other

.
...

11

10

11

11

12

12

11

11

13

12

11

13

Total foreign countries

1,366

1,450

1,406

1,549

1,510

1,63?

1,729

1,946

2,150

2,203

2,154

2,199

1,366

1,450

1,406

1,549

1,510

1,639

1,729

1,946

2,150

2,203

2,154

2,199

Total

Grand total
For notes see end of table.

Digitized for FRASER


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

983

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 58

Area and country

Europe:
Austria
Belgium
Denmark .
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
U.S.S.R.. .
Other

Mar.

9
25
g
6
104
130
7
50
39
27
2
36
13
27
75
86

June

g
16
8
4
84
123
7
44
41
26
44
16
35
78
96
1

19 59

Sept.

9
63
8
3
90
109
g
39
44
22
2
59
13
36
72
127

Dec.

7
65
14
6
102
77
7
36
56
22
2
30
24
42
72
124

Mar.

5
63
12
5
102
60
6
36
52
15
2
27
16
39
50
88

June

6
50
g
5
94
54
7
37
31
10
2
26
10
34
49
105
2

19 60

Sept.

6
50
10
7
81
44
7
33
22
10
2
11
19
39
75
132
3

Dec.

4
56
18
8
57
54
5
30
38
7
8
19
38
47
121
3

Mar.

3
49
12
9
25
53
3
30
30
8
2
6
18
37
69
112
9

June

so

7
8
28
62
4
32
34
7
?
<5
2?.
42
62
181
12

Sept.

3
41
9
8
29
77
5
33
29
11
3
10
23
45
61
256
9

Dec.

2
65
13
9
32
82
6
34
33
17
4
8
28
60
49
245
11

11

ii

10

13

16

18

14

14

15

19

655

646

716

696

589

544

566

534

489

575

665

717

Canada

186

251

256

243

246

229

272

272

246

272

369

421

Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Neth. Antilles and Surinam
Other

26
168
40
85
116
222
24
35
47
157
3
82

37
189
54
71
105
252
25
33
39
136
3
79

48
183
47
49
127
274
24
28
50
125
2
83

40
148
52
51
166
293
23
31
52
142
6
97

38
172
50
49
159
263
25
34
45
144
4
96

45
167
65
53
140
279
22
31
38
151
3
97

48
125
42
55
101
267
22
32
40
142
3
101

35
117
59
68
115
291
18
36
47
247
4
115

40
151
51
71
95
282
18
36
51
334
5
99

51
156
50
77
67
321
17
43
42
169
5
89

73
189
57
79
31
316
20
43
52
164
4
99

101
225
73
80
26
343
23
44
57
234
8
121

1,005

1,023

1,040

1 099

1,078

1,092

978

1,151

1,233

1,087

1,128

1 336

Total

Total
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel . .
Japan
Korea
Philippines
Taiwan
Thailand
Other

2
8
7

2
8
6

3
5
6

3
6
4

2
6
5

2
7
5

2
9
6

2
10
6

2
12
6

2
11
7

2
9
9

2
9
9

21
139
5
53
6
12
128

18
229
1
32
6
17
132

21
209
2
41
6
14
143

23
179
1
67
6
13
134

19
204
2
34
8
14
158

16
260
24
9
20
174

13
262
1
17
8
12
180

14
324
1
24
9
15
180

13
420
2
22
9
13
180

17
497
2
14
11
11
173

14
660
2
23
6
15
180

24
806
2
19
7
24
150

Total

383

450

450

435

454

520

511

586

682

746

921

1,052

Africa:
Congo (Kinshasa)
Morocco 3
South Africa
U A R (Egypt)
Other i

12
1
12

38

21
3

17
2
28

12
2
20

12
2
21

10
1
23

11
2
21

2
23

ii

29

19
1
26

ii

17

41
3
17

3
24

Total

32

64

66

56

50

50

36

38

37

37

40

41

13

14

13

13

11

15

18

18

18

23

27

28

Other countries:
Australia
All other 2

...

Total
Total foreign countries

13

14

13

13

11

15

18

18

18

23

27

28

2,274

2,446

2,540

2,542

2,429

2,451

2,382

2,599

2,703

2,740

3,151

3,594

2 274

2,446

2,540

2 542

2,429

2,451

2,382

2,599

2,703

2,740

3 151

3,594

International
Grand total
For notes see end of table.

Digitized for FRASER


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

984

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 61

Area and country

Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands. . . .
Norway
Portugal
Spain
Sweden
Switzerland . . . .
Turkey
United Kingdom
Yugoslavia
U.S.S.R.
Other

Jan.

Feb.

Mar.

Apr.

July

3
43
9
14
50
141
8
35
47
11
2
8
17
64
13
187
15

Aug.

Sept.

3
13
11
14
42
136
6
37
43
11
2
7
16
60
22
134
14

3
10
10
16
34
146
7
34
45
13
2
7
15
67
31
185
8

Oct.

Nov.

3
11
12
19
37
140
6
34
41
17
3
6
15
72
23
169
8

Dec. 1 6

5
20
11
23
42
165
6
35
54
27
5
11
35
105
16
181
9

15

14

16

19

20

19

17

19

16

18

17

646

611

678

697

695

691

688

586

652

634

658

767

Canada

429

398

489

532

520

514

492

517

491

618

577

554

Latin America:
Argentina . . .
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela .
Neth. Antilles and Surinam.
Other

103
229
74
81
21
343
27
48
51
231
5
110

104
228
77
79
21
313
28
48
48
311
5
110

111
241
88
78
21
306
26
48
44
274
5
114

111
213
118
79
21
323
29
50
40
281
5
108

118
202
111
81
20
321
38
55
43
215
7
111

129
182
114
91
20
327
26
61
46
121
6
106

135
160
120
91
20
336
25
63
38
119
8
116

146
147
119
91
20
375
28
67
39
121
8
122

149
145
117
90
19
335
30
68
39
147
6
121

161
168
116
87
19
385
30
71
45
142
8
122

170
165
119
99
19
395
32
69
53
140
6
124

184
151
127
125
19
423
32
73
55
144
13
129

1,321* 1,372

1,357

1,378

1,321

1,229

1,232

1,283

1,314

1,355

1,391

1,476

38
34
11
3
6
26
61
41
197
9

Total .

Total . .
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other
Total
Africa:
Congo (Kinshasa)
Morocco 3
South Africa
U.A.R,l (Egypt)
Other
Total
Other countries:
Australia 2
All other
Total
Total foreign countries

. .

2
61
12
9
39
81
7
36
32
10
2
6
25
61
32
170
9

2
56
11
11
46
135
7
46
38
10
2
7
24
70
24
173
16

3
58
11
11
44
145
7
42
42
10
3
8
25
65
15
171
16

June

3
43
9
14
48
148
7
33
45
11
3
11
25
64
24
165
16
3
19

2
63
14
9
35
78

3
58
12
10
46
108
6
36
47
10
3
7
26
74
35
167
12

May

4
10
11
20
40
147
6
34
46
23
3
5
18
67
9
189
9

2
8
8

2
9
9

2
10
11

2
10
11

2
10
12

2
9
41

2
9
40

2
10
10

2
10
8

2
9
8

2
9
8

2
9
8

28
875
2
16
7
22
154

32
952
2
18
10
24
161

33
1,069
3
19
11
23
169

30
1,159
3
23
11
23
178

33
1,196
3
26
14
25
176

33
1,272
3
24
15
27
173

34
1,341
3
42
13
30
161

31
1,335
4
37
12
29
158

31
1,288
3
38
10
32
159

34
1,281
3
58
11
28
161

34
1,292
4
86
10
31
142

36
1,476
4
114
10
34
145

1,121

1,220

1,349

1,450

1,497

1,598

1,674

1,626

1,581

1,597

1,620

1,838

12
3
27

12
3
25

13
7
26

13
8
24

13
10
24

15
10
23

24
13
23

24
13
25

19
13
22

16
12
26

11
12
24

10
13
27

44

45

50

49

50

51

64

66

57

58

52

56

28

28

26

27

25

25

26

32

27

28

27

29

28

28

26

27

25

25

26

32

27

28

27

29

3,590

3,673

3,950

4,134

4,109

4,109

4,176

4 110

4,122

4 289

4,324

4,719

3,590

3,673

3,950

4,134

4,109

4,109

4,176

4,110

4,122

4,289

4,324

4,719

In te rna ti ona 1

Grand total
For notes see end of table.

Digitized for FRASER


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

985

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]

1961
Area and country

Dec. II &

19 62

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Europe:
Austria . . . .
Belgium
Denmark . .
Finland . . . .
France
Germany. .
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland . . .
Turkey
United Kingdom
Yugoslavia
U.S.S.R
Other

5
20
11
23
42
165
6
35
54
27
5
11
35
105
16
181
9
17

19

21

23

21

23

23

22

22

26

Total .

767

678

683

690

667

686

693

703

709

726

Canada

556

498

525

642

586

492

475

487

456

467

Latin America:
Argentina . .
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay . . .
...
Venezuela
Neth. Antilles and Surinam
Other

184
151
127
125
19
425
32
74
55
144
13
129

172
94
126
134
18
411
43
72
61
136
9
123

178
95
125
160
19
396
41
70
62
156
6
122

200
102
120
160
18
433
41
71
60
141
9
118

199
116
121
156
18
434
52
74
61
132
9
119

201
129
139
163
17
428
59
80
61
131
9
117

187
156
154
143
17
409
41
81
68
122
7
116

176
154
164
147
18
393
37
83
63
125
7
127

164
147
158
138
17
397
36
86
80
122
10
123

1,479

1,400

1,431

1,473

1,490

1,536

1,500

1,495

2
9
8
36
1,528
4
114
10
34
145

2
10
10
12
36
1,601
5
133
11
34
125

2
9
10
12
37
1,685
5
118
11
33
122

2
10
11
12
41
1,778
5
114
9
33
117

'2
12
13
12
39
1,775
6
108
9
33
125

2
11
12
12
43
1,762
5
107
7
30
124

2
11
14
12
39
1,758
6
91
7
30
118

1,891

1,978

2,045

2 r 132

2,134

2,114

2,089

Total

Asia:t
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other

. . . .

Total

4
18
13
23
40
157
5
36
60
26
2
14
17
68
7
163
7

5
19
9
23
44
155
4
39
61
22
3
17
18
71
7
160
7

4
17

24
52
144
4
37
66
20
5
15
18
76
11
159
4

5
15
7
24
47
161
4
41
58
21
5
13
17
68
13
142
5

6
18
9
26
55
139
4
37
62
23
5
16
19
68
13
159
5

5
18
11
27
55
129
5
36
59
24
7
12
20
68
37
151
6

7
19
11
28
51
137
5
43
57
26
8
12
16
67
27
161
6

Nov.

Dec.

7
21
10
32
62
139
7
43
24
28
9
23
18
64
12
211
5

7
32
14
30
68
186
6
54
27
35
9
19
18
75
42
221
5

28

26

27

765

741

877

599

548

526

158
154
161
137
17
369
36
86
89
115
11
120

144
147
174
151
17
376
32
87
99
94
10
128

157
141
174
138
17
400
32
84
107
104
7
136

156
134
186
131
17
408
30
85
122
102
9
164

1 477

1 454

1,458

1 498

1 544

2
11
14

2
11
14

2
13
18

2
13
18

2
13
18

2
13
20

38
1,765
7
76
6
30
111

37
1 767
6
69
6
33
100

36
1 711
7
69
g
30
87

37
1,710
5
70
9
32
88

34
1 662
4
77
g
33
89

37
1 740
3
70
9
41
80

2,060

2,046

1,982

1,985

1,940

2 017

6
19
11
28
42
139
5
39
55
27
9
18
17
69
31
166
6

7
15
12
28
43
135
5
41
60
28
11
22
16
68
41
163
6

Oct.

Hi
10
31
4$
144

45
49
27
8
24
15
75
24
202
6

Africa:
Congo (Kinshasa)
Morocco 8 .
South Africa
U.A.R. (Egypt)
Other i . . . .

io

13
27

14
11
31

13
11
31

16
11
32

21
11
32

22
11
33

24
11
44

26
12
49

23
12
48

25
12
51

23
11
53

25
12
50

26
10
57

Total

56

61

58

62

68

70

82

89

87

92

90

89

95

29

31

31

32

33

33

35

34

40

46

45

44

41

Other countries:
Australia
AH other 2
Total
Total foreign countries

29

31

31

32

33

33

35

34

40

46

45

44

41

4 777

4 646

4 773

5 032

4 977

4 931

4 873

4 868

4 816

4 766

4 941

4 861

5 101

4 777

4 646

4 773

5 032

4 977

4 931

4 873

4 868

4 816

4 766

4 941

4 ggi

5 101

International
Grand total
For notes see end of table.

Digitized for FRASER


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

986

INTERNATIONAL FINANCE

15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars)
19 63

Area and country

Feb.

Jan.
Europe:
Austria
Belgium
Denmark
Finland.
France
Germany
Greece
....
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom . . . .
Yugoslavia
Other Western Europe
U.S.S.R.
Other Eastern Europe

.. .

Total
Canada
Latin America:
Argentina . . . .
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
.. .
Uruguay
Venezuela
Other L.A. republics .
. .
Bahamas and Bermuda
Neth. Antilles and Surinam .
Other
Total

Mar,

7
21
9
35
56
134
6
51
26
34
9
19
16
72
42
180
6
e 19

8
30
13
39
56
144
6
69
36
35
10
23
19
67
36
172
7
e 19

77

'6

751

Apr,

9
25
13
39
58
160
6
58
29
32
11
25
22
71
32
197
9

9
29
15
41
67
144
9
67
32
33
13
33
23
65
40
190
12

621

621

May

9
34
14
44
72
143
7
58
37
34
12
40
26
66
44
175
17
20

June

9
29
10
51
67
256
8
57
34
31
11
44
24
65
49
188
16
21

July

9
28
10
51
63
132
10
69
37
34
11
44
25
69
47
187
17
21

Aug.

12
26
9
49
65
159
9
85
37
35
12
52
33
71
44
204
16
21

Sept.

10
28
11
51
69
146
10
70
37
35
13
45
32
75
47
196
13
19

Nov.

Oct.

10
26
11
49
66
151
9
81
41
34
14
38
33
91
42
229
7
20

9
27
11
49
65
170
9
82
36
41
16
29
36
78
23
262
10
22

Dec.

8
26
13
52
70
121
9
97
33
40
14
26
30
70
48
237
7
23

11

11

13

13

12

12

15

16

794

825

850

863

985

877

954

919

964

989

939

535

573

547

580

580

654

667

597

554

627

634

638

131
121
168
129
17
417
33
88
114
102

136
115
160
149
17
420
38
83
123
104

133
140
146
137
17
405
34
91
121
100
( 33 )
()
10
155

142
142
156
136
18
406
34
95
97
101
115
27
10
19

140
145
159
153
18
409
29
103
95
99
105
27
14
18

157
142
164
146
18
448
29
106
96
96
113
29
14
11

153
150
162
176
18
448
30
104
93
99
112
31
10
10

141
163
171
169
18
454
30
103
86
102
109
33
9
11

137
143
177
180
18
445
33
103
92
103
116
31
8
15

140
134
183
185
18
443
33
98
82
106
121
33
8
14

146
127
177
208
18
465
35
99
65
114
135
42
9
16

154

10
162

136
116
147
145
17
409
40
86
113
97
(33 )
()
9
156

1,485

1 516

1,472

1,489

1,496

1,515

1,569

1,597

1,598

1,599

1,597

1,653

2
13
22

2
12
19

2
12
16

2
11
19

2
11
20

2
11
18

2
12
16

2
11
17

(3)

(3)

(3)
10

(3)

Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea .
Philippines
Taiwan
Thailand
Other

2
14
17

2
14
20

2
14
24

2
14
22

35
1,697
4
75
11
43
73

38
1 691
8
80
13
43
70

39
1,751
13
81
14
40
69

33
1,876
15
73
15
40
70

27
31
1,898 1,872
16
14
66
69
14
16
40
38.
73
75

29
1,877
17
52
16
38
69

28
1,798
16
51
13
40
73

28
1,890
16
56
11
43
69

30
1,904
13
63
8
44
72

25
2,017
26
74
8
45
73

22
2,171
25
113
8
52
71

Total

1,970

1,978

2,048

2,158

2,178

2,141

2,128

2,051

2,147

2,166

2,298

2,493

Africa:
Congo (Kinshasa)
Morocco
South Africa . .
U.A.R. (Egypt)
Other

...

Total
Other countries:
Australia
All other

....

Total
Total foreign countries

9
21
153

12
21
*57

2
(3)
13
19
!55

2
(3)
13
17
155

2
2
13
18
48

1
3
14
25
44

2
1
14
20
42

1
2
13
26
41

2
1
14
29
42

1
2
15
27
36

1
3
16
27
51

1
1
15
28
59

83

92

89

87

83

88

78

83

88

82

97

104

38
(2)

39
(2)

44
(2)

44
(a)

42
6

41
6

41
6

43
6

44
7

49
8

44
8

48
9

38

39

44

44

48

47

47

50

51

56

52

58

5,430

5,368

5,332

5,356

5,495

5,667

5,885

5,431

5,369

5,333

5,357

5,496

5,668

5,887

(B)

4,861

(3)

4,992

5,024

5,209

Grand total. . . .

4,861

4,992

5,024

5,209

For notes see end of table.

Digitized for FRASER


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

5,247
1

International and regional

987

5,248

INTERNATIONAL FINANCE
15.9

SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 64

Area and country

Europe :
Austria
Belgium
Denmark. .
Finland
France
Germany
G reece
Italy
Netherlands
Norway ,
Portugal
Spain
Sweden .
Switzerland . . ,
Turkey
United Kingdom
Yugoslavia . . . . . .
Other Western Europe
U S.S.R.
Other Eastern Europe

Jan.

Mar.

Feb.

8
25
13
53
74
160
9
96
40
39
12
26
25
79
36
212
8
23

8
30
15
69
80
165
9
95
42
34
12
24
25
74
50
219
11
23

8
28
15
69
85
123
9
83
43
33
17
27
23
77
46
198
14
23

Apr.

June

May

8
29
12
75
86
135
9
85
47
34
17
25
29
81
25
246
17
25

9
30
15
63
92
158
9
90
38
35
15
25
29
76
23
255
24
24

7
31
16
63
86
135 j
10
114
45
41
16
28
32
85
42
347
29
22

July

Aug.

7
29
17
65
79
114
11
100
46
34
19
31
31
91
52
285
26
22

8
31
18
62
72
133
. 10
94
40
33
20
32
31
88
35
277
23
21

Sept.

.9
31
17
65
74
127 |
10
92
40
33
17
31
36
82
49
290
21
22

Nov.

Oct.

9
35
15
69
76
173
10
113
40
36
21
28
43
90
31
312
17
26

7
34
16
71
76
175
10
122
42
41
20
32
41
92
15
278
15
21

Dec. I*

10
42
28
85
79
159
9
109
39
43
19
40
47
97
36
319
15
20

18

18

18

17

17

15

16

20

18

20

20

20

954

1,001

940

1,002

1,028

1,164

1,075

1,048

1,064

1,164

1,129

1,217

Canada

680

636

713

735

764

855

746

746

675

629

627

725

Latin America:
Argentina .
Brazil
Chile
Colombia . . .
Cuba
Mexico . . . .
Panama
Peru
Uruguay

Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam. .
Other

139
135
174
218
17
468
47
106
54
109
148
37
9
15

137
134
174
219
17
477
45
107
50
112
145
33
10
12

140
124
172
222
16
494
50
110
50
115
147
34
12
14

143
146
112
118
176
171
226 . 230
17
17
515
507
41
46
113
113
48 *
51
125
123
144
147
35
37
11
13
11
11

141
122
174
246
17
539
44
114
54
128
140
37
12
10

146
122
170
25E
16
571
40
112
55
140
160
38
11
10

159
128
168
250
16
568
38
104
62
137
162
41
19
13

172
133
177
273
16
565
37
102
63
140
167
42
18
13

183
130
164
291
16
580
35
96
62
140
182
44
19
16

194
121
169
300
17
604
38
99
67
153
193
50
17
16

201
120
170
319
17
630
41
102
76
165
216
58
18
20

1,677

1,673

1,701

1,735

1,716

1,779

1,841

1,864

1,918

1,957

11,038

2 t 154
2
26
22
7
44
2,653
21
202
9
64
88

3,137

Total

Total
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel . .
Japan
Korea.
Philippines
Taiwan,
Thailand
Other

2
11
18

2
11
17

2
12
26

2
13
22

2
13
23

2
15
21

2
16
20

2
16
19

2
20
24

2
21
20

25
2,247
28
129
9
52
80

29
2,340
30
142
10
58
76

31
2,400
31
150
9
58
77

34
2,394
29
161
8
57
74

38
2, -421
28
155
7
54
84

39
2,469
27
158
7
57
78

44
2,416
27
174
7
53
78

39
2,472
23
179
7
56
77

39
2,493
25
179
8
53
80

40
2,488
25
185
9
54
81

2
20
19
3
45
2,496
25
183
8
55
79

Total

2,601

2,716

2,796

2,794

2,825

2,874

2,837

2,891

2,923

2,925

2,934

2
15
25
61

1
1
17
24
55

15
28
55

20
24
56

1
2
18
29
49

1
2
19
26
52

1
2
19
26
50

1
2
19
26
50

1
2
18
29
52

1
2
18
29
58

1
2
19
28
60

1
2
19
42
56

104

100

98

102

98

100

98

98

101

108

109

120

47
8

49
8

36
8

37
8

41
9

43
9

49
9

50
9

49
10

56
10

58
9

48
10

55

56

44

45

50

52

58

60

58

66

67

58

6,291

6,414

6,480

6,824

6,656

6,707

6,740

6,849

6,903

7,411

6,824

6,656

6,707

6,740

6,849

6,904

7,411

Africa:
Congo (Kinshasa) . .
Morocco .
South Africa
U. A.R. (Egypt)
Other

....

Total
Other countries:
Australia
Allother
. Total
Total foreign countries
International and regional
Grand total

6,072

6,183

6,073

6,184

6,292

6,415

6,481

For notes see end of table.

Digitized for FRASER


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

988

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 65

1964

Area and country

Europe:
Austria
.
...
Belgium
Denmark
Finland
France
Germany
Greece
..
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U S.S.R.
Other Eastern Europe
Total
Canada
Latin America:
Argentina .
Brazil
Chile
Colombia ,
...
Cuba
Mexico
Panama
Peru
Uruguay .
..
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam
Other
Total
Asia:
China Mainland
Hong Kong ,
...
India
Indonesia
Israel
Japan
Korea
.
...
Philippines
Taiwan
Thailand
Other
Total

Dec. II &

11
48
26
84
81
152
10
114
36
43
23
40
49
111
37
310
16
20

Feb.

Jan.

9
57
18
77
89
189
11
106
33
46
28
32
51
114
36
223
16
20

Mar.

9
72
20
76
84
203
9
125
42
44
26
26
45
118
32
196
15
21

Apr.

10
49
21
77
75
186
10
138
46
49
34
32
44
116
30
199
20
23

May

9
43
23
75
83
184
14
116
44
51
36
46
38
95
17
216
28
25

June

Aug.

July

Sept.

Oct.

Nov.

Dec. I s

8
37
20
71
72
174
11
113
40
44
32
52
40
87
42
195
32
26
2
27

10
34
20
71
81
169
12
108
38
45
27
46
39
82
42
201
39
28
3
29

9
40
24
70
76
173
12
115
42
42
24
42
40
89
36
282
36
25
3
31

9
54
30
78
79
164
12
110
39
43
21
46
40
85
40
218
32
27
3
27

10
50
29
79
79
173
12
110
36
47
23
41
44
81
26
240
28
28
5
26

8
52
37
87
72
190
13
110
38
51
26
50
52
73
42
210
28
28
6
27

20

21

23

24

9
49
27
77
82
173
10
123
47
49
36
43
47
98
7
213
24
24
1
28

30

9
40
19
74
86
167
11
113
46
50
34
38
42
99
31
223
29
26
1
28

1,230

1,174

1,185

1,185

1,167

1,173

1,164

1,126

1,121

1,213

1,156

1,169

1,201

1,004

1,000

1,059

981

902

851

807

786

758

678

679

685

593

203
126
176
338
17
644
49
108
78
168
224
65
18
21

210
125
165
313
16
659
49
109
78
158
221
68
19
18

209
119
156
313
16
686
57
112
84
161
230
63
19
19

201
119
141
292
16
685
50
116
84
164
229
62
19
18

204
108
140
295
17
684
49
112
81
173
221
58
19
19

208
112
135
294
16
691
51
119
78
173
216
58
19
19

204
112
144
285
16
693
50
117
72
167
213
59
19
18

208
113
139
276
16
671
47
115
67
164
208
56
17
20

219
111
135
265
16
672
48
122
68
172
210
52
13
21

220
104
143
248
16
677
51
125
67
177
217
56
13
21

220
91
152
266
16
655
53
138
67
184
222
55
14
22

234
84
157
262
16
665
55
147
50
181
234
52
14
22

232
94
174
270
16
669
59
170
45
220
250
53
14
23

2,235

2,206

2,244

2,195

2,178

2,191

2,172

2,116

2,124

2,136

2,156

2,175

2,288

2
28
21

2
21
22

1
21
16

1
25
28

1
24
28

1
27
28

1
34
26

1
32
21

1
32
19

1
28
18

1
27
19

1
28
16

47
2,810
21
203
9
65
82

37
2,742
20
205
10
70
80

46
2,746
20
208
12
73
80

55
2,861
20
212
12
71
97

57
2,833
20
212
13
73
99

55
2,834
21
209
13
76
99

54
2,880
20
200
12
77
106

54
2,831
20
191
11
74
94

53
2,830
21
196
10
74
101

54
2,755
20
212
9
72
93

67
2,656
20
219
9
70
98

76
2 ,683
20
240
11
71
104

1
29
17
i)
86

3,294

3,217

3,229

3,390

3,367

3,367

3,409

3,329

3,337

3,266

3,189

3,253

3,343

2,751

22
231
15
82
108

Africa:
Congo (Kinshasa)
Morocco
South Africa
U.A.R. (Egypt)
Other

1
2
20
42
67

1
1
15
31
63

1
2
15
29
71

1
3
19
35
72

1
2
21
35
70

1
2
20
38
75

1
3
22
43
77

2
31
40
78

1
2
31
36
72

1
2
36
38
69

1
2
36
35
71

2
33
32
67

1
2
34
43
60

Total

131

112

118

130

129

136

146

151

142

146

146

134

139

48
16

43
13

39
12

41
12

45
13

45
13

48
13

48
14

46
14

45
14

52
15

55
14

52
15

Other countries:
Australia
All other
Total
Total foreign countries

64

56

51

53

57

57

61

62

59

59

66

69

67

7,957

7,765

7,886

7,933

7,800

7,775

7,757

7,569

7,541

7,498

7,391

7,486

7,632

7 957

7 768

7 887

7,934

7,800

7,775

7,758

7,570

7,541

7,498

7,392

7,486

7,632

International and regional


Grand total

For notes see end of table.

Digitized for FRASER


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

989

INTERNATIONAL FINANCE

15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 66

1965
Area and country

Dec. II &

Europe:
Austria
,
Belgium
Denmark .
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland . .
Turkey
United Kingdom
Yugoslavia . , .
Other Western Europe
U.S.5.R
Other Eastern Europe

Jan.

Feb.

Mar.

Apr.

May

June

July

Oci.

Nov.

Dec. 1 5

Aug.

Sept.

10
58
53
90
71
217
15
106
42
49
38
62
65
92
42
214
17
37

13
70
til
95
64
217
16
1C 5
43
53
40
60
83
76
48
20D
20
35
I
IS

19
73
63
95
81
237
16
110
44
62
36
72
74
94
45
221
19
37
2
17

16
67
62
91
73
215
16
108
40
76
41
67
74
83
52
210
19
37
2
16

g
52
37
87
72
190
13
110
38
51
26
50
52
73
42
216
28
28
6
27

9
57
33
86
74
177
13
121
39
55
26
59
53
88
36
198
26
27
5
25

8
54
36
89
66
184
14
109
40
49
29
55
54
85
6
177
27
30
5
28

11
47
38
91
84
185
13
102
44
50
31
48
51
78
21
196
25
27
4
31

10
47
39
86
74
182
13
102
37
51
31
64
53
74
18
198
23
31
4
30

11
66
36
87
70
174
14
99
39
57
32
73
58
83
30
200
23
32
5
32

12
56
40
92
72
200
13
108
34
47
34
63
60
80
48
235
23
34
28

13
54
54
93
71
209
13
100
52
50
37
68
65
78
50
198
20
35
3
25

25

13
60
60
92
72
225
17
106
40
51
41
56
68
78
47
216
18
34
2
17

1,208

1,207

1,145

1,176

1,166

1,220

1,285

1 ,291

1,304

1,315

1,319

1,417

1,366

Canada

669

625

631

647

603

607

643

641

563

556

610

598

620

Latin America:
Argentina
Brazil .
Chile
Colombia
Cuba
... ,
Mexico
,
Panama . .
Peru
Uruguay
Venezuela . . . .
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam
Other

232
94
174
270
16
674
59
170
45
220
250
53
14
23

231
96
176
243
16
662
59
169
49
185
237
51
13
23

224
94
175
236
16
686
63
160
56
174
224
41
13
24

221
97
173
225
16
718
62
167
44
171
217
45
13
27

206
82
165
235
16
713
66
167
42
174
206
43
12
23

199
95
168
234
17
732
64
175
56
174
200
57
16
22

196
98
169
238
16
722
67
186
55
174
205
57
16
21

192
106
163
254
16
729
66
177
57
180
218
55
17
16

182
110
158
279
16
743
67
177
39
184
224
56
17
16

182
112
150
287
16
736
65
175
39
212
234
57
20
17

181
106
150
288
16
724>
71
204
246
55
17
16

177
109
141
294
16
724
76
197
43
222
263
56
17
18

193
114
159
308
16
767
84
211
45
226
272
61
18
17

Total

2,293

2,210

2,188

2,199

2,149

2,210

2,221

2,244

2,268

2,303

2,335

2,354

2,489

Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines, . .
Taiwan
Thailand
Other

29
17
2
86
2,768
22
230
15
82
107

1
24
22
2
86
2,698
24
230
16
83
112

1
26
26
2
82
2,699
24
227
15
81
117

1
1
29
32
28
28
2
2
91
84
2,783 2,782
24
24
202
206 ,
15
16
72
73
114
115

1
33
28
81
2,759
14
205
15
70
110

1
33
29
1
89
2,733
16
191
17
69
118

1
32
26
6
88
2,588
19
173
16
67
118

1
30
27
6
90
2,536
20
183
17
64
112

1
28
28
6
88
2,487
27
195
15
65
122

1
30
19
5
96
2,400
24
208
16
67
123

1
31
13
5
98
2,389
26
211
15
72
122

1
31
16
6
98
2,502
31
220
14
81
134

3,358

3,297

3,299

3,366

3,359

3,317

3,298

3,135

3,086

3,063

2,989

2,984

3,135

1
2
34
43
60

1
2
38
38
63

2
37
34
58

1
3
35
42
55

2
39
43
53

2
50
39
50

2
41
48
48

2
38
44
43

2
37
44
44

1
2
34
38
49

1
3
37
37
51

2
45
30
57

1
2
50
25
69

139

142

132

135

137

142

140

128

128

124

129

134

147

52
15

62
14

62
14

59
7

50
8

"52
*1

52
9

54
9

52
9

50
9

51
11

50
10

52
10

Total

. ...

Total....
Africa:
Congo (Kinshasa)
Morocco. . . .
South Africa
U.A.R. (Egypt)
Other

Total
Other countries:
Australia
,
All other

Total
Total foreign countries.

60

62

7,547

7,818

76

76

66

58

63

62

63

61

7,557

7,471

7,589

7,473

7,559

7,648

7,501

7,410

7,735

7,557

7,471

7,590

7,474

7,560

7,649

7,503

7,411

7,420

7,445

7,547

7,819

For notes see end of table.

Digitized for FRASER


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

61

7,444

67

7,734

International and regional


Grand total

31
224

990

59 |

7,420

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]

1966
Area and country

Dec. Iis

Europe:
Austria
Belgium . . .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands. , . .
Norway
Portugal
Spain . . . . .
Sweden
Switzerland .
Turkey . . . .
United Kingdom . . . .
Yugoslavia
Other Western Europe
U.S.S.R.
Other Eastern Europe

19 67

Jan.

Feb.

Mar.

Apr.

May

16
67
62
91
74
227
16
110
40
76
41
67
75
88
52
193
19
40
2
16

19
69
42
90
62
191
15
87
36
64
41
75
70
81
50
220
23
39
2
17

20
76
42
91
66
164
15
81
45
60
38
71
79
83
27
209
22
39
2
17

19
73
44
92
68
170
14
72
44
62
37
69
79
81
37
217
22
39
1
20

17
73
35
97
74
193
15
66
35
60
36
68
78
82
47
214
23
42
1
20

18
67
34
100
68
192
17
75
34
60
34
71
73
85
37
267
24
32

1,374

1,291

1,246

1 261

1,277

Canada

611

599

628

607

Latin America:
Argentina
,
Brazil
. ..
Chile
Colombia
Cuba
Mexico
Panama . .
Peru
Uruguay
Venezuela. . .
Other L.A. republics . .
Bahamas and Bermuda
Neth, Antilles and Surinam
Other

187
112
158
305
16
757
85
212
45
220
261
61
18
16

179
117
151
293
16
785
78
213
44
219
259
63
17
15

169
120
149
285
16
817
77
225
39
213
262
62
17
16

180
125
146
274
16
853

2,453

2,449

1
31
16
6
98

1
31
12
6
102

Total .

Total
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea

Philippines
Taiwan
Thailand
Other
Total .
Africa:
Congo (Kinshasa)
M^orocco
South Africa .
U A R (Egypt)
Other
Total
Other countries:
Australia .
All other
Total
Total foreign countries.

...

Oct.

Nov.

Dec. s

10
63
48
83
82
174
18
69
49
57
14
53
67
110
23
232
19
34

24

19

19

17
66
37
78
88
176
19
58
35
61
26
54
75
98
38
244
13
30
3
18

1,342

1,317

1,268

1,224

1,234

587

593

560

558

550

597

185
116
155
223
16
861
68
285
64
210
248
78
17
18

185
115
161
239
16
913
64
255
63
212
247
65
17
20

185
117
160
242
16
943
62
244
60
214
249
59
18
19

189
118
170
244
16
944
60
231
45
211
258
58
15
19

199
124
172
227
16
929
53
236
43
211
266
49
9
19

208
136
175
227
16
910
55
248
46
211
288
54
10
20

221
173
177
217
16
960
47

2,516

2,544

2,574

2,587

2,579

2,554

2,603

2,707

1
35
14
5
94

1
36
17
5
88

1
37
13
5
78

1
35
11
5
69

1
36
12
5
59

I
36
11
6
59

2
29
11
6
58

1
28
10
5
57

21

22

1 307

1,288

1 258

616

585

583

232
56
212
247
56
17
15

181
121
150
249
16
837
75
238
59
200
248
61
17
16

175
123
153
232
16
877
75
262
60
217
241
51
18
16

2,465

2,508

2,468

1
31
12
6
106

1
33
13
5
96

1
31
14
5
89

79

Sept.

10
72
36
85
60
198
20
79
31
52
24
56
71
118
34
250
19
33

13
61
37
97
75
198
15
68
31
50
27
68
62
103
39
235
25
33

Aug.

24
66
33
90
79
189
18
57
36
52
26
53
65
111
49
290
23
36
2
20

17
65
40
101
71
188
14
68
29
44
28
72
75
86
38
274
24
31
1
22

16
65
37
93
74
184
15
61
30
51
26
61
68
119
47
321
22
28

249

42
226
289
63
10
18

2,491

2,486

2,611

2,716

2,828

2,939

2,909

2,864

2,977

2,986

3,062

3,147

3,206

3,166

3,152

3,278

3,387

3,497

3,640

3,612

3,560

3,692

3,704

3,791

3,875

1
2
50
25
69

3
38
18
68

4
43
15
71

1
2
42
30
73

2
37
26
74

5
34
31
63

1
2
30
27
66

1
2
31
26
58

2
33
25
59

3
35
18
60

2
35
18
53

1
2
37
14
54

37
11
52

147

128

132

148

139

133

127

117

119

115

108

107

102

52
10

51
9

53
8

53
9

53
9

52
11

60
12

62
12

59
13

58
13

57
13

58
13

54
13

31
220
15
81
135

33
233
23
83
151

34
228
26
86
137

38
232
30
89
131

52
245
33
84
116

44
250
30
83
114

49
270
27
87
122

55
289
29
81
116

46
299
23
88
119

47
324
29
84
119

48
323
27
84
124

46
326
31
90
131

59
295
37
100
137

62

60

62

62

62

63

71

74

71

71

70

71

67

. . 7,853

7,692

7,685

7,863

7,948

8,102

8,252

8,223

8,272

8,334

8,261

8,346

8,583

7,853

7,692

7,686

7,864

7,949

8,102

8,253

8,223

8,273

8,335

8,261

8,346

8,583

For notes see end of table.

Digitized for FRASER


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

July

2,572

nternational and regional


Grand total

June

991

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
1968

1967
Area and country

Europe:
Austria
Belgium -Luxembourg
Denmark
Finland
France
Germany
Greece . .
Italy
Netherlands. . . . .
Norway
Portugal
Spain
Sweden
Switzerland .
Turkey
United Kingdom . . . .
Yugoslavia
Other Western Europe
U.S.S R
Other Eastern Europe

Dec. II

....

.....

Total
Canada
Latin America:
Argentina
,
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
. .
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam
Other
Total

....

Jan.

Feb.

Mar.

Apr.

May

June

Sept,

Oct.

Nov.

Dec.

4
54
29
61
70
128
13
89
42
46
16
49
65
93
30
269
17
11
1
20

5
4?,
33
64
90
145
12
9(i
4?.
M,
H
41
67
87
21
300
17
17
2

29

13
49
32
66
51
114
15
71
33
47
16
46
54
78
28
241
15
12
1
23

. 19

6
48
36
62
84
177
12
98
34
45
15
49
62
109
27
285
17
14
1
21

6
40
36
63
66
171
12
105
40
43
10
46
58
93
38
318
22
15
3
21

1,019

1,007

1,108

1,163

1,202

1,205

479

501

490

480

513

503

533

210
249
166
190
15
977
50
229
30
211
265
77
11
1?

195
238
166
202
14
972
52
220
31
212
263
109
13
17

203
283
169
202
14
988
50
205
33
212
276
73
13
15

206
347
174
195
14
971
50
199
43
211
278
93
14
16

211
342
177
195
14
957
50
198
56
220
277
108
14
16

228
348
181
201
14
938
57
195
61
211
269
130
19
15

233
333
181
202
14
937
52
204
57
215
281
142
18
17

249
338
193
206
14
948
56
207
44
232
280
80
19
22

2,696

2,699

2,705

2,735

2,811

2,836

2,868

2,888

2,889

1
27
15
10
51

1
30
12
10
54

1
33
14
24
56

1
29
20
20
54

1
27
13
22
56

1
29
19
26
56

1
28
17
20
55

1
29
15
19
56

1
32
19
23
84

7
61
30
70
58
126
17
87
37
44
15
52
56
76
41
267
20
11

16
83
37
78
88
179
19
58
35
61
26
54
75
98
38
244
13
13
3
18

9
57
34
78
60
151
19
51
38
61
22
54
65
106
37
232
15
24
3
21

9
64
32
77
74
140
19
55
37
55
19
53
58
106
37
249
15
11
2
20

7
58
39
77
59
116
14
58
31
55
16
76
59
76
28
241
15
11
1
23

7
57
30
77
66
113
17
65
38
59
16
73
61
93
33
238
17
12
3
25

26

1,238

1,138

1,133

1,060

1,101

1,156

1,101

597

540

533

513

496

479

221
173
177
217
16
960
47
249
42
226
289
63
10
18

218
197
193
201
15
950
52
248
40
225
266
53
10
19

227
221
182
193
15
991
52
246
38
228
252
46
10
18

198
213
184
190
15
53
233
40
221
254
62
9
18

208
233
176
188
15
983
52
230
35
215
261
71
10
19

2,707

2,687

2,716

2,696

1
30
10
5
57

1
28
14
5
50

1
30
12
9
46

1
30
12
9
47

1,007

Aug.

July

6
62
38
71
83

- 100

17 1

72
42
55
17
50
62
104
34
279
19
11
2
31

6
54
31
68
50
108
15
77
35
45
16
50
57
78
23
249
17
11

Asia:
China Mainland
Hong Kong
India
Indonesia
Israel . .
Japan
Korea
Philippines
Taiwan
Thailand
Other

3,154

3,181

3,213

3,213

3,223

3,105

3,048

2,986

3,007

2,966

2,974

3,057

3,114

67
241
39
93
142

77
239
38
99
145

Total

3,894

3,899

3,957

3,944

3,932

3,813

3,776

3,735

3,731

3,708

3,687

3,759

3,872

1
2
37
11
52

1
2
37
12
49

1
3
39
11
64

1
2
37
11
55

2
3
39
14
46

4
5
40
16
51

4
7
40
15
53

5
7
41
14
57

3
4
42
13
58

2
3
44
12
59

5
3
45
9
67

2
3
40
8
68

3
2
46
8
73

102

101

117

106

105

116

120

124

120

119

129

122

133

54
13

58
13

59
12

55
13

53
12

54
14

51
12

51
14

57
14

57
15

56
13

58
14

66
13

Africa:
Congo (Kinshasa). , .
Morocco
South Africa
U.A.R. (Egypt)
Other
Total .
Other countries:
Australia , .
All other
Total
Total foreign countries

59
303
37
100
138

48
298
41
106
127

52
313
44
107
129

54
313
44
92
130

54
291
42
91
128

51
290
41
93
127

51
291
40
95
130

59
300
36
93
123

68
249
38
95
142

67

70

71

68

65

68

63

64

70

72

69

73

79

8,434

8,528

8,386

8,395

8,331

8,243

8,178

8,229

8,323

8,428

8,546

8,710

8,606

8,434

8,528

8,387

8,395

8,331

8,244

8,179

8,230

8,323

8,428

8,547

8,711

For notes see end of table.

Digitized for FRASER


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

48
319
40
88
129

8,606

International and regional


Grand total . . ,

53
293
38
90
125

992

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 69

Area and country

Europe:
Austria . .
. . .
Belgium-Luxembourg
Denmark
Finland. .
France
Germany
Greece
Italy
.
...
Netherlands
Norway
Portugal . . .
Spain
Sweden
Switzerland
.
..
Turkey
;
United Kingdom
Yugoslavia . . . .
Other Western Europe
U.S.S.R.
Other Eastern Europe
Total . . .

Jan.

.
.

....

Canada
Latin America:
Argentina . . .
Brazil
Chile
Colombia . . . .
Cuba
Mexico
Panama
Peru
Uruguay .
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth, Antilles and Surinam. . . .
Other
Total . .

. ...

Feb.

Mar,

Apr.

June

May

Aug.

July

Sept.

Oct.

Nov.

3
45
34
63
59
142
11
75
37
38
9
40
59
95
26
306
33
11
1
18

5
52
42
61
53
149
12
93
34
35
8
40
54
124
26
305
34
11
1
18

3
46
31
57
58
136
12
98
41
32
8
44
56
108
35
328
36
11
3
18

3
53
29
59
66
157
12
110
38
39
9
47
53
124
31
329
38
11
2
21

12
55
31
59
89
178
13
109
38
42
9
40
54
107
28
333
37
12
4
25

3
62
35
60
95
165
14
107
48
46
12
51
77
93
29
345
33
12
4
21

4
49
34
61
87
158
15
94
39
49
9
56
70
101
34
355
26
12
2
27

4
49
31
65
80
161
18
89
41
40
9
49
54
110
30
326
26
12
1
28

5
53
32
72
92
213
20
101
46
40
9
53
71
92
32
383
24
10
2
28

5
71
40
72
85
200
19
108
54
36
9
70
64
110
31
425
25
11
2
25

1,105

1,157

1,160

1,231

1,275

1,311

1,282

1,224

1,377

518

608

682

737

801

739

702

724

245
338
176
190
14
919

' 52

200
40
213
269
147
21
17

247
336
168
188
14
936
57
179
43
204
270
88
14
16

254
337
165
197
14
971
58
181
42
203
273
61
16
17

274
331
164
208
14
953
56
191
41
211
274
65
11
18

266
328
161
197
14
958
55
188
43
212
285
64
14
19

275
336
168
200
14
931
53
182
44
226
283
61
13
24

284
292
179
218
14
941
58
177
42
238
271
60
12
20

2,841

2,761

2,789

2,812

2,804

2,809

1
27
13
19
80

1
26
13
24
80

1
33
11
25
94

1
42
12
59
93

1
38
10
61
122

1
40
12
54
118

6
57
41
72
93
198
17
99
46
38
8
68
86
131
26
400

. 25

Dec. I *

7
56
40
68
107
205
22
120
51
34
8
70
67
99
19
418
28
9
2

11
2
28

. 34

1,463

1,453

1,463

634

728

667

818

276
309
170
210
13
914
58
171
43
239
276
76
12
20

297
307
177
212
14
836
69
168
41
237
271
52
13
21

306
317
174
215
14
802
61
179
43
233
287
59
14
18

301
318
177
210
14
778
67
173
46
228
286
48
15
20

311
317
188
225
14
801
68
161
48
240
295
92
14
27

2,806

2,786

2,716

2,722

2,680

2,803

1
36
9
38
101

1
39
9
32
99

1
36
9
33
91

43
8
25
94

1
37
11
23
101

1
36
10
30
108

Asia:
China Mainland
Hong Kong
India . . . .
Indonesia
Israel
Japan
Korea
Philippines. . . .
Taiwan
Thailand .
Other

2,998

2,972

71
233
36
93
138

78
241
39
87
142

3,053

2,916

3,036

3,224

3,147

3,157

3,164

3,071

3,114

3,342

Total

3,709

3,703

3,825

3,760

3,929

4,153

4,031

4,015

4 035

3,965

4,022

4,261

3
2
40
10
72

2
3
38
8
70

2
4
38
8
56

4
3
42
10
60

7
4
46
11
63

4
3
47
11
67

3
3
47
13
66

3
3
44
13
63

3
2
49
12
69

4
3
54
10
72

5
2
56
11
82

6
3
55
11
86

127

120

109

119

130

132

131

126

135

143

155

162

59
11

53
10

56
10

65
11

67
11

65
12

59
13

57
14

55
14

57
14

52
14

53
16

Africa:
Congo (Kinshasa) .
Morocco
South Africa
U.A.R. (Egypt) .
Other
Total
Other countries:
Australia
All other
Total
Total foreign countries
International and regional
Grand total

75
269
44
84
137

102
253
47
84
152

121
272
44
88
179

136
274
37
87
166

138
249
38
89
165

164
242
38
93
164

159
241
39
94
190

160
230
42
97
205

158
215
49
101
212

70

63

66

75

78

77

71

71

69

70

66

69

8,370

8,412

8,632

8,733

9,017

9,221

9 024

8,946

8,966

9,091

9,043

9,576

8,371

8,413

8,634

8,734

9,018

9,222

9,025

8,947

8,967

9,092

9,044

9,578

For notes see following page.

Digitized for FRASER


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

114
256
46
86
158

993

INTERNATIONAL FINANCE
15.9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
BY COUNTRY, END OF QUARTER, 1942-60; END OF MONTH, 1961-70Continued
[In millions of dollars]
19 70

1969
Area and country

Dec. II &

Europe:
Austria
Belgium -Luxembourg
Denmark
Finland . . . .
France
Germany
Greece
Italy
Netherlands. .
Norway
Portugal
Spain ,
Sweden . . .
Switzerland
Turkey
United Kingdom
Yugoslavia.
Other Western Europe
U.S.S.R.
Other Eastern Europe

Jan.

Feb.

34

3
69
31
64
96
135
19
102
65
34
9
99
99
114
19
393
32
7
2
40

1,478

1,439

1,432

730

720

652

598

309
317
188
225
14
803
82
161
48
240
295
93
14
27

301
296
178
237
14
805
75
173
49
250
303
62
13
22

293
289
195
252
14
808
81
168
50
261
307
68
14
22

290
285
203
249
14
851
79
163
55
264
292
73
13
27

2,816

2,778

2,823

1
36
10
30
108
3,432
158
215
. . .
49
101
212

37
11
29
101
3,228
167
207
50
99
208

4,352

6
50
40
66
113
186
26
101
61
54
11
52
97
100
9
379
35
13
3
45

1,397

1,449

1,350

1,315

1,446

1,437

1,487

1,449

765

816

730

743

785

870

893

1,043

285
293
213
254
14
888
84
159
55
254
295
67
15
29

280
303
218
252
14
899
82
162
54
264
287
63
15
23

311
305
213
249
14
911
78
172
52
253
298
65
18
21

306
299
210
250
14
901
81
156
57
248
295
56
16
23

297
296
210
256
14
889
82
142
53
251
294
64
17
20

306
316
205
265
14
900
94
132
57
267
285
78
18
22

303
323
199
267
14
906
107
136
54
284
298
133 i
14
20

306
322
189
272
13
934
100
141
55
284
321
105
14
22

326
325
200
284
13
909
112
147
63
283
342
196
19
22

2,856

2,906

2,916

2,961

2,913

2,884

2,959

3,058

3,078

3,239

1
37
9
25
96
3,147
172
254
56
98
168

1
41
9
68
92
3,289
178
275
55
95
162

1
41
9
49
99
3,364
190
295
59
103
164

1
44
12
48
94
3,470
216
278
69
98
179

1
46
11
52
93
3,513
215
268
79
100
184

1
41
n
36
90
3,484
222
269
82
96
180

1
35
11
42
80
3,387
228
209
81
106
165

I
46
10
46
82
3,331
227
215
81
108
157

2
36
12
41
105
3,370
218
134
82
100
160

1
36
12
54
110
3,538
197
129
82
97
164

2
39
13
56
120
3,890
178
137
95
109
167

4,137

4,064

4,264

4,374

4,511

4,561

4,511

4,345

4,304

4,262

4,420

4,807

6
3
55
11
86

5
3
53
10
79

5
3
51
12
63

3
4
62
12
63

4
5
60
15
62

5
4
58
17
62

5
4
66
15
68

69
15
65

4
6
68
14
65

6
5
72
13
63

4
6
72
12
63

5
4
76
10
72

4
6
77
13
79

162

150

136

144

146

145

158

157

157

159

157

166

180

53
16

58
14

55
14

60
13

56
22

62
22

62
18

63
15

66
16

60
17

59
15

59
16

64
16

84

80

78

82

77

75

75

80

9,818 10,024

9,739

9,525

9,730

Latin America:
Argentina
Brazil. .
Chile
Colombia
Cuba ...
Mexico
Panama
Peru .
...
...
Uruguay . . . .
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam
Other

Total . . .
Other countries:
Australia . .
Allother
Total
Total foreign countries
International and regional
Grand total
1

. . .

10
53
32
63
94
155
16
123
61
32
11
83
95
122
15
435
35
8

69

72

68

73

78

9 678

9,386

9,289

9,429

9,534

9,680

9,387

9,291

9,431

9,535

Includes "Other countries," except Australia.


*a Included in "Other Africa."
Not reported separately.
4
Taiwan included with China Mainland until 1951.
6
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in Column I are comparable with those

Digitized for FRASER


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

Dec.

8
71
37
55
105
184
25
92
57
48
13
54
110
98
4
430
41
12
1
41

826

Total . . .

Nov.

ft
68
36
56
7>
182
27
106
52
40
16
58
123
115
4
378
42
8
3
43

Canada

Africa:
Congo (Kinshasa)
Morocco . .
South Africa .
U A.R. (Egypt)
Other

Oct.

4
70
34
63
104
181
28
102
67
33
10
59
112
100
6
386
36
7
3
40

30

Asia:
China Mainland .
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines . .
Taiwan
Thailand
Other
..

Sept,

7
52
36
63
75
169
27
90
46
30
8
51
103
123
10
340
33
6
2
43

1,519

. . . .

Aug.

July

13
53
28
65
83
125
25
87
49
31
12
52
113
109
17
403
32
7
1
45

1,454

June

6
64
33
63
82
152
22
100
53
33
12
102
112
115
16
403
30
8
2
41

20
49
49
66
117
180
17
129
84
34
9
73
82
124
14
405
29
7

Total

May

11
55
36
64
87
192
17
107
50
36
13
57
78
107
25
418
32
9
2
43

7
56
40
68
107
205
22
120
51
34
8
70
67
99
19
408
28
9
2
34

Total

Apr.

Mar.

5
67
29
61
100
146
22
103
86
35 1
13
96
92
91
31
329
34
10
2
46

9,820 10,025

9,741

9,527

9,732

9 t 857 1.0,120 10,798


1

9,859 10,121 10,802

shown for the preceding date; figures in Column H are comparable with
those shown for the following date.
e Includes Eastern European countries, except U.S.S.R., Czechoslovakia,
Poland, and Rumania.
7
Czechoslovakia, Poland, and Rumania only; other Eastern European
countries, except U.S.S.R., included in "Other Western Europe."

994

INTERNATIONAL FINANCE
15.10 LONG-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
VARYING DATES, 1942-70
[In millions of dollars]
Area

Type
Payable in dollars
End of
period

Loans

Total i

Total

To
official
institutions

To
banks 2

To
other
foreigners

Other
longterm
claims

Payable
in
foreign
currencies

Europe

Latin
Canada America

Asia

Africa

1942
1943
1944

60
67
64

16
13
1

18
21
11

26
32
51

1945
1946
1947
1948
1949

176
141
227
188
217

87
41
114
91
115

12
14
10
10
14

77
77
98
87
82

9
5

Other
countries

1950 Mar.
June
Sent.
Dec

. . .

258
273
404
390

149
163
299
290

8
11
10
10

86
81
76
73

15
18
14
12

1
1
5
5

1951_Mar.
June
Sept
Dec

.. .

389
392
389
404

272
261
262
282

10
10
10
8

85
90
86
80

11
11
10
7

11
21
21
27

411
454
441
440

286
332
328
317

8
8
7
8

75
74
67
74

8
6
6
9

34
33
33
33

. .

422
380
326
325

313
273
216
207

8
11
11
22

71
65
62
62

7
6
12
9

23
25
25
25

. .

343
295
311
441

205
127
124
136

14
10
10
13

59
70
69
170

37
68
82
94

28
20
27
26

1955 Mar
June
Sept
Dec

428
469
577
671

42
51
78
115

13
12
11
16

270
315
386
410

80
65
74
100

21
20
22
20

2
6
5
9

1956= Mar
June
Sept
Dec.

689
727
791
839

126
148
196
210

10
28
28
38

431
438
451
477

95
91
81
77

19
14
27
30

8
8
8
8

1957_Mar
June
Sept
Dec

816
967
1,063
1,174

211
307
323
374

40
47
68
71

496
514
550
593

47
64
79
87

15
26
35
40

8
8
8
8

1958 Mar.
June
Sept
Dec

1,219
1,263
1,327
1,362

394
401
418
394

63
85
90
99

579
591
654
658

116
112
92
105

60
67
57
91

7
7
16
15

1959 Mar
June
Scot.
Dec

1,351
1,430
1 516
1,545

399
437
424
366

97
103
100
104

652
685
750
789

98
84
96
116

87
98
121
143

18
23
25
26

1,533
1 599
1,626
1 698

353
309
328
367

99
88
65
76

770
876
910
914

121
120
113
134

164
181
184
181

26
26
27
28

1952 Mar
June
Sent.
Dec
1953 Mar.
June
Sent.
Dec.

1954 Mar.
June
Sent,
Dec

1960 Mar
June
Sept
Dec.

. .

..

For notes see end of table.

Digitized for FRASER


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

995

INTERNATIONAL FINANCE
15.10 LONG-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,
VARYING DATES, 1942-70Continued
[In millions of dollars]
Type

Area

Payable in dollars
End of
period

Loans

Total i

Total

1961 Jan
Feb.
Mar
Apr.
May
June. .
July
Aug
Sept. . .
Get
Nov
Dec.

To
official
institutions

To
other
To
banks 2 foreigners

Other
longterm
claims

Payable
in
foreign
currencies

Europe

Latin
Canada America

Asia

Other
countries

Africa

1,654
1,598
1,616
1,639
1,636
1,850
1,906
1,836
1,865
1,865
1,895
2,034

354
341
372
384
393
397
407
377
379
383
419
493

68
64
63
62
61
263
269
273
274
273
270
274

899
870
858
869
863
866
904
884
908
907
890
931

132
127
126
124
120
121
125
131
129
126
140
170

180
175
175
175
176
182
180
150
154
157
155
144

22
21
22
24
24
22
21
21
21
21
21
21

1962 Jan.
Feb
Mar
Apr.
May
June
July
Aug
Sept.
Oct
Nov
Dec.

2,060
2,096
2,153
2,100
2,094
2,189
2,209
2,200
2,184
2,131
2 144
2,160

505
514
515
474
482
531
548
527
534
563
563
578

275
275
290
295
292
291
297
291
296
299
311
304

928
946
971
952
937
961
961
984
989
901
895
886

189
188
205
206
217
239
238
234
191
196
210
222

144
141
135
130
121
122
122
121
129
128
122
127

19
31
38
43
45
46
43
42
46
44
44
44

1963 Jan.
Feb
Mar
Apr.
May
June
July
Aug.
Sept.
Oct
Nov.
Dec.3

2,149
2,122
2 133
2,185
2,379
2,396
2,431
2,472
2,512
2,512
2,584
(2,837
\3,030

2,346
2,361
2,395
2,433
2,471
2,470
2,545
2,781
2,811

730 ' " ' 2 7 3 '


266
738
281
722
297
727
304
739
339
647
354
662
397
725
397
728

589
599
605
660
727
755
789
799
838
902
964
,096
,101

291
279
285
286
278
257
254
257
267
276
273
290
290

881
872
870
850
895
900
897
910
898
818 '
817
S82
1,015

218
214
217
230
270
277
284
301
309
329
350
390
443

125
115
114
119
125
125
126
124
122
120
114
113
113

44
43
43
42
85
83
81
79
77
66
67
67
68

1964 Jan.
Feb
Mar.
Apr. . . .
May
June
July
Aug
Sent
Oct.
Nov
Dec.3

3,075
3,127
3,278
3,311
3,337
3,350
3,414
3,480
3,589
3,693
3,853
J3.971
\4,285

2,856
2,909
3,062
3,097
3,124
3,147
3,219
3,282
3,392
3,490
3,652
3,777
3,995

704
710
728
682
670
650
629
628
657
654
704
703
716

281
287
289
286
287
279
283
294
292
292
291
273
327

990
995
,040
,040
,054
,029
,030
,058
,073
,099
,153
,162
,275

471
485
505
507
519
522
539
548
580
581
607
623
684

119
113
116
111
107
110
115
115
120
131
125
123
156

66
65
76
79
77
80
85
87
93
105
108
104
122

1965 Jan
Feb.
Mar
Apr.
May
June
July
Aug.
Sept.
Oct
Nov
Dec.

4,513
4,735
4,746
4,680
4,620
4,545
4,533
4,558
4,586
4,575
4,567
4,517

4,228
4,426
4,458
4,375
4,316
4,239
4,233
4,260
4,290
4,280
4,277
4,211

119
133
137
136
133
129
144
161
181
197
212
228

1966 Jan.
Feb
Mar.
Apr
May
June
Julv
Aug
Sept.
Oct
Nov
Dec

4,444
4,421
4,390
4,417
4,431
4,389
4,389
4,368
4,287
4,247
4,296
4,180

4,151
4,126
4,093
4,127
4,153
4,108
4,111
4,095
4,004
3,969
4,026
3,915

..

For notes see next page.

Digitized for FRASER


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

,342
,357
,392
,409
,429
,484
,530
,659
,685

33
35
36
39
41
39
36
54
217

425
445
471
492
498
510
548
568
596
619
650
701
729

,727
,754
1,862
1,923
1,956
1,986
2,041
2,086
2,139
2,217
2,297
2,372
2,550

217
217
215
213
212
202
194
198
197
203
201
195
288

2
2
1

i'

,149
,181
,252
,288
,292
,330
,363
,379
,431
,484
,570
,688
,720

808
825
831
778
828
803
800
812
834
819
814
793

732
736
738
715
685
660
657
653
645
641
649
628

2,689
2,865
2,889
2,883
2,804
2,776
2,776
2,795
2,810
2,821
2,814
2,790

283
304
284
299
299
301
295
293
292
288
284
297

2
5
5
6
5
5
5
4
5
6
6
9

,772
,869
,854
,854
,776
,735
,696
,689
,666
,655
,632
,592

351
411
376
390
374
368
371
369
367
360
366
358

,370
,403 |
,406 1
,334
,360
,327
,311
,311
,323
,323 1
,313
,296

714
730
769 !
773
779
784
804
815
829
818
833
836

186
189
204
193
196
203
207
213
221
221
211
208

747
745
721
738
750
739
733
718
701
736
753
702

610
592
573
563
572
554
552
550
541
516
532
512

2,794
2,789
2,800
2,826
2,831
2,816
2,827
2,827
2,761
2,717
2,740
2,702

287
288
289
283
271
272
270
265
266
262
254
247

6
7
7
8
7
8
8
8
16
16
17
18

,562
,523
,493
,481
,486
,461
,418
,394
,334
,289
,282
,212

348
347
342
338
320
323
340
334 !
332
333
326
326

,257
,247
,265
,294
,318
,306
,300
,296
,306
,295 i
,373
,346

831
843
843
841
830
816
830
821
804
787
760
734 i

201
211
192

996

2
2
2
2

:92

200
198
2,02
204
202
222
226
229

246
250
255
271
277
283
300
319
308
321
329
333

INTERNATIONAL FINANCE
15.10

LONG-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES,


VARYING DATES, 1942-70Continued
[In millions of dollars]
Type

Area

Payable in dollars
End of
period

Total i

Loans

Total

To
official
institutions

To
banks 2

To
other
foreigners

Other
longterm
claims

Payable
in
foreign
currencies

Europe

Latin
Canada America

Asia

Africa

Other
countries

1967 Jan
Feb.
Mar
Apr.
May
June
July
Aug. .
Sept
Oct
Nov
Dec

4,073
4,026
4,034
4,029
4,005
3,848
3,852
3,903
3,925
3,994
3,975
3,925

3,817
3,783
3,786
3,780
3,756
3,594
3,596
3,644
3,637
3,708
3,691
3,638

662
653
634
630
614
638
664
698
700
721
712
669

483
474
457
452
447
402
410
413
391
369
361
323

2,672
2,656
2,695
2,698
2,696
2,553
2,523
2,533
2,546
2,618
2,618
2,645

240
227
232
233
232
237
238
242
268
271
267
272

16
16
16
16
17
17
17
17
19
15
17
15

1,189
1,165
1,136
1,119
1,089
971
1,000
993
961
908
876
776

299
277
329
346
338
342
364
360
378
391
391
427

,318
,314
,312
,309
,309
,349
,410
,455
,500
,534
,555
,556

703
695
665
658
648
577
578
572
566
612
609
629

226
226
218
221
238
229
232
231
237
242
236
233

339
348
375
381
383
381
268
291
283
307
309
304

1968 Jan
Feb.
Mar
Apr.
May.
June
July
Aug
Sent.
Oct. . .
Nov.
Dec.

3,914
3,859
3,785
3,849
3,791
3,736
3,627
3,612
3,571
3,645
3,603
3,567

3,596
3,538
3,465
3,512
3,435
3,380
3,272
3,262
3,217
3,285
3,242
3,158

677
653
619
631
602
568
541
526
516
582
577
528

326
313
301
309
292
292
274
268
266
267
246
237

2,593
2,571
2,544
2,572
2,541
2,520
2,457
2,467
2,435
2,436
2,419
2,393

306
311
309
326
345
345
343
339
342
346
347
394

12
10
11
11
11
11
11
12
12
13
14
16

765
739
725
726
697
667
617
589
578
566
566
547

430
414
415
435
429
417
414
414
418
416
420
428

,519
,477
,441
,450
,442
,435
,411
,401
,384
,418
,382
,375

668
691
694
715
705
711
690
705
694
753
752
738

227
233
226
237
219
215
210
217
212
209
204
204

306
304
283
285
299
291
285
285
286
283
280
276

1969 Jan.
Feb. .
Mar
Apr. .
Mar
J une
July
Aug.
Sept
Oct.
Nov. . .
Dec.

3,509
3,534
3,434
3,435
3,468
3,415
3,267
3,301
3,284
3,290
3,280
3,250

3,120
3,114
3,017
3,020
3,058
2,980
2,826
2,859
2,847
2,847
2,846
2,806

509
501
'485
474
472
478
450
504
485
493
495
502

230
243
211
230
236
220
208
212
211
204
203
209

2,382
2,370
2,321
2,316
2,350
2,282
2,168
2,142
2,150
2,149
2,147
2,096

374
402
401
400
393
413
420
421
421
427
418
426

16
18
16
15
17
22
21
21
17
16
17
18

540
540
540
546
555
550
513
504
482
479
467
479

408
432
400
402
397
398
390
405
403
410
407
408

,376
,382
,336
,331
,353
,331
,294
,348
,334
,344
,357
,329

729
727
686
690
684
688
667
647
655
657
658
656

187
186
208
208
210
211
179
172
182
180
170
162

269
267
265
258
268
238
225
224
228
221
221
216

1970 Jan.
Feb.
Mar
Apr.
May
June
July
Aug
Sept. .
Oct.
Nov
Dec..

3,187
3,161
3,226
3,248
3,232
3,177
3,127
3,131
3,155
3,229
3,216
3,075

2,736
2,727
2,796
2,815
2,822
2,788
2,745
2,719
2,750
2,839
2,825
2,698

461
476
519
508
511
499
486
470
460
531
515
504

212
205
211
220
211
209
215
225
244
256
247
236

2,063
2,046
2,067
2,087
2,100
2,080
2,044
2,023
2,046
2,053
2,064
1,958

421
402
398
401
380
362
354
383
377
359
364
352

29
33
31
32
30
27
29
29
28
30
26
25

470
464
488
487
493
492
465
462
460
474
453
482

406
416
406
420
427
416
417
411
416
409
398
312

,307
,298
,337
,363
,348
,341
,337
,324
,357
,342
,362
1,325

648
632
647
635
619
610
601
621
608
691
696
663

166
162
158
159
157
142
132
135
135
132
128
127

190
190
191
185
188
178
175
177
180
180
179
165

1
Breakdown
2

by type not available until May 1963.


Excludes central banks, which are included with "Official
institutions.*'
3
Data on the two lines shown for this date differ because of

Digitized for FRASER


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

997

changes in reporting coverage. Figures on the first line are comparable in coverage with those shown for the preceding date;
figures on the second line are comparable with those shown for
the following date.

INTERNATIONAL FINANCE
15.11 PURCHASES AND SALES BY FOREIGNERS OF LONG-TERM SECURITIES, BY TYPE,
VARYING PERIODS, 1942-70
[In millions of dollars]
U.S. corporate
securities 3

Marketable U.S. Govt. bonds and notes 1

Foreign bonds

Foreign stocks

Net purchases or sales

Period
Total

1942..
1943
1944. .
1945. .

26
71
245
-16

1946
1947
1948. .
1949 . .
1950

-270
62
-48
96
942

1951
1952
1953
1954
1955

Intl.
and
regiona

Purchases

Foreign

Sales

Net purchases 0
sales

Purchases

Sales

Net purchases 0
sales

Sales

Net purchases or
sales.

Total Official 2 Other 2


26
71
245
-16

96
152
137
260

75
195
171
358

21
-43
-35
-97

"203
446
314
318

'211
372
225
347

4 _7

75
8
87
118

-270
-13
-55
9
824

368
226
370
354
775

432
377
514
375
772

-64
-151
-144
-21
2

756
659
212
321
589

490
634
291
311
710

-683
302
-82
8
529

-19
10
15
68
-33

-664
293
-97
-60
562

860
850
802
1,405
1,886

761
838
731
1,264
1,730

99
13
70
141
156

500
495
543
792
693

801
677
622
841
509

1956
1957
1958. .
1959
1960

-135
-52
36
689
127

70
-169
273
165
. 224

-205
117
-237
524
-98

1,907
1,617
1,759
2,593
2,419

1,615
1,423
1,798
2,158
2,167

291
194
-39
435
252

1961
1962
1963
1964
1965. .

512
-728
671
-338
-76

532
-521
302
-315
-151

-20
-207
369
-23
75

-58
-20

36
95

3,384
2,568
2,980
3,537
4,395

3,161
2,508
2,773
3,710
4,770

1966 .
1967
1968
1969 . .
1970

-616
-=43
-489
-45
56

-427
-121
-161
11
-25

-189
78
-328
-56
82

-245
48
-380
-115
-41

56
30
51
59
123

6,294
10,275
17,563
15,483
11,426

19421
II
Ill
IV

Purchases

2i
27
37

I5)
20
22
55

265
24
-80
10
-121

65
57
82
89
174

66
43
97
71
198

15
-15
18
-24

-301
-182
-79
-49
184

272
294
310
393
664

349
330
303
645
378

-76
-36
7
-252
-214

607
699
889
946
883

992
-385
1,392
-693
1,915 -1,026
1,458
-512
1,445
-562

749
593
467
566
509

375
(522
804
(104
392

-126
-29
-336
-238
-83

223
60
207
-173
-375

802
1,093
991
915
1,198

1,262
-460
2,037
-944
2,086 -1,095
1,843
-928
2,440 - 1 , 242

596
702
696
748
906

966
06
tA4
548
617

-370
-104
51
200
290

5,616
9,205
13,329
12,795
9,844

678
1,070
4,234
2,688
1,582

1,778
2,024
2,306
1,552
1,490

2,692
-914
3,187 -1,163
3,686 -1,380
2,581 -1,029
2,441
-951

960
880
1,252
1,519
1,033

731
1,037
1,566
2,037
998

229
-157
-314
-517
35

(5s)
(5)
(5)
()

<s6)
(5)
(5)
()

74
89
-29

-17

C&a )

-4
6
3
20

-4
6
3
20

22
17
25
31

20
16
15
24

2
1
11
7

^33
M9
451
^70

*39
460 1

18
13
35
4

18
13
35
4

42
50
36
24

47
62
51
34

-6
-11
-15
-11

154
61
195
37

192
64
73
42

-39
121
5

5
7
6
5

4
8
5
3

1944-=!
II
Ill
IV

-3
23
43
182

-3
23
43
182

31
35
35
37

43
41
43
45

-12
-7
-8
-8

52
81
141
41

73
58
46
47

-22
23
94
=7

6
8
7
6

6
5
5
6

3
2

19451
II
HI
IV

-69
41
-10
23

-69
41
-10
23

55
64
51
90

77
78
71
132

-22
-13
-20
-43

64
104
56
95

97
71
70
110

-33
33
-14
-15

8
9
7
13

11
14
6
24

-3
=5
I
-10

19461
-127
II
-124
III
IV . . . . -14

-127
-4
-124
-14

110
93
81
83

137
118
94
83

-26
-26
-12

216
141
235
164

108
108
171
103

107
33
64
61

16
18
17
15

24
20
14
8

-1
-3

-19
22
-26
10

52
48
47
79

84
82
76
135

-31
-34
-29
-56.

216
209
137
96

181
97
305
51

35
112
-168
45

21
13
10
12

12
10
1C

10
3

67
118
83
102

111
209
111
83

-44
-91
-28
19

59
66
41
46

39
43
175
34

20
22
-=135
13

19
23
18
22

19
35 ""-12
23
-4
20
2

19431
II
Ill
IV . ...

<eo
452

4-6
4 _H

^-S
M8

(&)
(5)
()
I
I

19471
II
III
IV

-19
22
-26
85

19481
II
III
IV

-10
-11
-18
-2

""5*
""2

-10
-22
-18
-4

19491
II
Ill
IV

-89
10
172
3

-74
2
157
2

-14
8
15
1

66
76
74
139

69
75
81
150

-7
-11

39
87
69
125

55
73
137
46

-15
14
-68
79

20
17
18
34

16
11
17
26

3
6
I
8

19501
H
Ill
IV

135
148
266
393

23
55
7
33

112
93
259
359

176
207
180
213

190
193
186
203

-14
12
-6
10

199
146
66
177

252
79
278
100

-53
68
-212
76

41
44
43
48

33
47
59
58

-17
-10

75

For notes see end'of table.

Digitized for FRASER


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

998

11

6
.._ A

INTERNATIONAL FINANCE
15.11 PURCHASES AND SALES BY FOREIGNERS OF LONG-TERM SECURITIES, BY TYPE,
VARYING PERIODS, 1942-70Continued
[In millions of dollars]

Marketable U.S. Govt. bonds and notes

U.S. corporate
securities 3

Foreign bonds

Foreign stocks

Net purchases or sales

Period
Total

Intl.
and
regional

Foreign
Total

Purchases

Sales

Net purPurchases or chases


sales

Sales

Net purPurchases or chases


sales

Sales

Net purchases or
sales

Official 2 Other 2

19511
II
III
IV

93
-213
-295
-267

80
-56
-30
-14

12
-157
-266
-253

235
207
197
221

226
184
159
192

10
23
36
29

100
94
140
166

150
217
122
313

-51
-123
18
-147

73
64
63
73

82
50
65
152

-10
13
-2
-77

1952^1
II
Ill
IV

7
15
54
226

-4
1
12

11
14
53
214

211
202
198
241

220
209
202
206

-8
-8
-4
33

74
141
150
132

116
314
80
168

-42
-173
69
-36

85
67
73
69

94
95
83
59

-8
-28
-10
10

19531
II
Ill
IV

25
18
-118
-8

36
5
-20
-6

-10
13
-99
-1

244
198
174
185

227
189
140
174

17
8
33
11

92
203
89
159

162
110
85
265

-69
93
4
-106

78
84
66
84

88
85
55
75

-n
=i

1954_I
H
III
IV

16
55
61
-125

20
36
12

16
35
26
-137

244
330
348
483

254
292
297
422

-10
37
52
62

167
145
254
227

349
158
165
168

-183
-14
88
59

88
90
104
113

108
183
182
173

-20
-92
-80
-62

187
152
189
33

522
459
482
423

473
421
409
427

48
39
73
-4

266
164
137
126

171
107
103
128

95
58
33
-2

139
172
180
173

233
236
230
179

-93
-65
-=50
-6

-249
62
33
-51

500
505
469
432

463
406
391
356

37
99
78
76

129
121
110
248

219
219
230
323

-91
-97
= 120
-76

191
228
190
140

216
293
238
129

-24
-65
-49
It

19551
II
III
IV.

196
107
192
34

8
-45
3
1
j
-2
75
-1

10
9

19561
11
III
IV

-250
60
108
-53

1957 i. ..
II
III
IV

127
11
-245
55

-25
-144

126
36
-101
55

426
483
388
319

302
408
375
338

125
75
13
^19

126
171
202
199

372
451
307
263

-246
-280
-105
-62

141
189
156
110

146
230
150
97

-6
-40
5
13

19581
II
III.
IV

127
-118
8
20

134
90
16
32

-7
-209
-9
-12

320
355
460
624

332
397
465
605

-12
-41
-6
20

132
282
151
323

409
675
277
554

-277
-392
-126
-231

172
74
102
119

293
124
171
215

-121
-49
-70
-96

19591
11
III
IV

115
57
323
193

28
82
55

87
57
241
138

630
688
596
679

583
580
469
526

47
108
128
153

296
205
244
200

460
288
398
313

-164
-82
-154
-112

131
147
136
152

292
216
147
149

-161
-69
-11
3

19601
II
Ill
IV

124
56
-185
131

50
45
-84
214

75
10
-101
-82

622
668
553
574

457
548
575
587

166
120
-23
-13

191
219
.162
311

472
338
245
390

-280
-119
-83
-78

139
149
109
113

125
176
140
150

14
-26
-32
-38

1961 Jan
Feb
Mar.
Apr
May
June. . . .
July
Aug
Sept
Oct
Nov
Dec

-23
253
24
-10
-50
-33
43
163
-4
65
79
54

195
4
-23
-11
9
-1
135
2
92
75
61

-23
58
-20
12
-40
-42
43
28
-5
-28
4
-7

250
270
371
348
344
303
194
246
217
245
310
286

219
253
329
308
300
276
212
254
216
232
290
273

31
18
42
40
45
27
-18
g
14
20
14

54
48
43
44
59
63
50
37
225
52
62
64

99
74
91
lOt
126
.97
120
36
228
77
105
107

-45
-26
-48
-58
-67
-34
-70
1
-3
-26
-42
-43

53
38
58
50
57
54
36
41
41
53
55
59

52
63
91
96
97
73
56
65
59
79
94
140

2
-24
-33
-46
-40
-19
-20
-24
-17
-26
-40
-81

1962 Jan
Feb
Mar
Apr
May
June . . . .
July
Aug
Sept
Oct
Nov
Dec

-28
-125
-129
-37
-156
-21
26
-211
-8
-34
-67
62

-64
-83
-13
-93

-6
-198
33
15
-74
-23

-19
-61
-46
-24
-63
-16
33
-13
-40
-48

257
266
268
233
286
245
168
160
125
155
210
195

220
208
234
211
260
309
200
156
140
160
198
211

37
58
34
22
26
-64
-32
4
-15
-5
12
-16

93
106
95
79
125
56
64
50
44
251
70
60

91
160
145
114
301
136
89
65

2
-53
-50
-35
-176
-80
-24
-15
-57
-168
-131
-157

58
51
58
57
79
70
48
48
44
58
69
61

-22
80
-37
88
90
-32
-10
68
79
110 '"-46"
10
38
64
-16
4
39
41
17
22
48
61

85

For notes see end of table.

Digitized for FRASER


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

999

too

419
201
216

INTERNATIONAL FINANCE
15.11 PURCHASES AND SALES BY FOREIGNERS OF LONG-TERM SECURITIES, BY TYPE,
VARYING PERIODS, 1942-70Continued
[In millions of dollars]

Marketable U.S. Govt. bonds and notes l

U.S. corporate
securities 3

Foreign bonds

Foreign stocks

Net purchases or sales

Period
Total

Intl.
and
regional

Purchases

Foreign
Total Official

127
-44
45
12
206
22
-10
142
83
8
105
-25

21
-6
40
7
101
-8
-3
105
-4
3
61
-14

106
-38
5
5
105 ""127* "'-2\'
30
31
-t
5
-7
-12
43
37
-6
82
87
5
Q
14
5
44
43
1
-11
-6
-5

1964= Jan...
Feb
Mar
Apr.
May . . . .
June. . . .
July
Aug. . . . .
Sept
Oct
Nov. . . . .
Dec.

-5
30
--27
-4
-83
12
-16
-98
-81
-30
=-37
2

-49
1

43
29
-27
-5
20
12
-17
-37
3
-9
-37

1965-= Jan
Feb
Mar
Apr
May . . . .
June. . . .
July
Aug
Sept
Oct
Nov
Dec

-66
-68
-38
-7
-17
65
1
14
20
8
=4
6
-44
-56 "-43*
2

1
-103
1
-61
-84
-21

-10
1966= Jan.
-9
= 118 -136
Feb
-50
-54
Mar
-68
-66
Apr
-51
May . . . . -60
6
-5
June . . . .
-246
July
-44
-21
Aug
-34
Sept
20
Oct
-7
-28
Nov
27
-36
Dec

1967=- Jan.
Feb
Mar
Apr. . . . .
May. . . .
June. . .
July
Aug
Sept
Oct
Nov
Dec

-21
-50
-15
35
17
5
-19
5
9
-20
10

-21
-57
-14
1
-3-
__
-20
-4

2
30
-17
65
14
20
12
6
-44
-13
1
19
-4
2
-9
11
-246
23
-35
20
21
9
7
35
16
9
3

5
8
-16
10

1 -179
178
1968-Jan
-42
-42
Feb
-92
=-92
Mar
8
8
Apr
-33 "-39*
May
6
2
June. . . .
3
14
8
-6
July
-28
-28
Aug
2
-83 "-85'
Sept
-14
-8
-6
Oct
2
Nov
-41
-26
Dec
-15

4
1
-23
-40
-13
-40
-15
32
-15
-2
-11
-8
-5

6
-253
-1
7

5
1
35
16
-6
-3

-191
-65
-103
8
-1
-36
11
-2

Sales

38
71
12
16
18
4
-11
31
23

56
61
84
121
144
57
75
45
228
50
29
40

314
214
186
181
409
157
117

296
264
334
360
296
297
353
262
301
353
292
302

13
-34
-35
-20
16
17
-68
-2
-34
-17
5
-13

253
291
429
350
347
328
245
235
372
452
436
658

249
292
395
342
343
563
355
335
394
441
454
607

474
496
696
609
742
614
404
379
502
383
433
563

215
183
177
273
310
354
208
225
239
261
258
277

202
190
176
235
239
342
192
207
236
272
227
254

PurNet purchases or chases


sales

Sales

Net purchases or
sales

17
3
-27
-8
20
10
6
3
3
4
3
2

309
230
299
340
313
313
284
260
267
335
297
289

17
-1
-17
65
14
14
20
14
6
-33
-5
1
6
19
^4
2
-9
5
7
24
-35
20
13
9

232
43
61
62

-258
-153
-102
-60
-265
-100
-41
-65
-4
7
-32
-22

59
51
60
66
67
59
55
42
44
60
70
63

59
59
73
74
87
61
79
43
23
31
28
28

-9
__13
-7
-20
-2
-24
1
21
29
42
34

40
51
43
70
53
67
70
37
51
252
86
94

37
134
40
192
157
112
76
32
97
399
342
226

3
-83
3
-121
-103
-44
-5
6
-46
-148
-256
-132

77
62
66
71
62
64
61
49
49
60
55
72

45
36
36
50
50
47
42
32
42
59
50
59

32
26
31
22
12
17
19
16
7
1
5
13

4
-1
34
8
4
-235
-110
-100
-22
11
-18
51

50
55
48
89
129
99
72
48
289
101
125
94

114
279
182
207
175
258.
145
97
419
217
213
134

-64
-224
-134
-118
-46
-159
-73
-49
-130
-116
-88
-41

86
79
78
93
70
71
64
70
75
67
69
83

48
45
55
69
52
36
40
44
54
52
51
71

38
34
23
23
18
35
24
26
21
15
18
13

436
487
546
566
583
509
439
381
378
347
400
542

37
8
150
44
159
105
-35
-2
124
36
33
21

109
83
243
106
152
200
135
90
99
293
116
152

313
190
352
260
161
217
248
69
194
351
187
151

-203
-107
-109
-154
-9
-17
-113
21
-95
-59
-71
1

73
71
100
88
94
91
69
76
86
69
58
85

65
75
101
105
55
52
39
65
42
37
41
53

7
-5
-1
-17
39
40
30
11
44
32
17
31

527
557
724
563
760
821
740
793
858
1,148
922
795

44
23
52
137
156
105
203
84
251
-188
-39
243

112
98
215
154
127
248
145
147
350
195
112
120

264
163
265
259
170
309
316
22S
481
326
142
262

-152
-69
-50
-105
-43
-61
-171
-78
-131
-131
-30
= 142

71
66
75
67
68
71
68
67
81
77
75
94

63
55
63
55
65
9:5
69
106
125
91
89
155

8
11
7
12

9
3
7
5
8
-14
10

571
579
775
700
915
926
943
877
1,109
960
883
1,038

13
23
11
8
-2
3
14
8
-9
-6
3
-15

1,198
1,076
1,163
1,379
1,852
1,505
1,496
1,340
1,279
1,856
1,615
1 , 803

877
715
848
1,038
1,375
1,166
1,109
1,049
960
1,454
1,270
1,468

322
362
315
340
477
340
387
291
319
402
345
334

81
160
343
161
305
105
167
141
116
450
172
104

'290
266
415
370
185
237
253
226
225
692
361
166

-209
-105
-72
-209
120
-131
-86
-85
-110
-242
-189
-62

68
70
114
73
87
94
81
100
103
216
146
100

2
-1

For notes see next page.

Digitized for FRASER


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

Net purPurchases or chases


sales

Other 2

1963 Jan. .
Feb
Mar
Apr
May. . . .
June. . . .
July
Aug
Sept
Oct
Nov
Dec

27
26

Sales

1000

12
-7

no

19
80

us;
79

nc

113
83
187
201
154
155
179

-24
-1
-- 39
= 44
-14
-14
-61
-11
-10
-34
-6
-22
-19
-2
-87
-98
62
-9
-79

INTERNATIONAL FINANCE
15.11 PURCHASES AND SALES BY FOREIGNERS OF LONG-TERM SECURITIES, BY TYPE,
VARYING PERIODS, 1942-70Continued
[In millions of dollars]

Marketable U.S. Govt. bonds and notes

U.S. corporate
securities 3

Foreign bonds

Foreign stocks

Net purchases or sales


Period
Total

1969 Jan
Feb.
Mar
Apr
May
June . . . .
July
Aug
Sept
Oct.
Nov
Dec.

30
2
-7
1
-15
-23
17
-4
34
-119
2
37

1970-Jan
Feb.
Mar
Apr
May . . . .
June . . . .
July
Aug
Sept
Oct
Nov
Dec

2
-50
-8
10
22
51
27
13
5
-89
23
52

Intl.
and
regional

1
-1

r
i

i
ii
i'

-8

-22

Foreign
Total

Sales

1,124
1,057
979
1,018
1,335
1,192
1,007
941
904
1,195
1,074
969

551
348
295
101
232
-20
51
120
158
494
147
212

164
119
244
101
155
88
82
75
91
157
98
176

335
225
262
216
149
202
321
140
208
157
168
195

-170
-106
-19
-114
6
-115
-239
-65
-117
1
-70
-f9

130
124
127
105
170
187
119
107
105
132
106
107

111
19
199
-75
127
146 " ' ~ 4 l '
258
-88
358
-171c
124
104
2
207
-102
139
-6
140
-34
123
-16

905
950
988
848
929
783
649
514
703
938
609
1,030

12
79
120
161
-160
76
134
142
331
249
145
291

116
109
168
143
116
113
126
143
110
109
97
140

194
265
271
186
70
98
263
380
93
257
87
277

-78
-156
-103
-42
47
14
-136
-237
17
-148
10
-137

151
100
101
80
109
74
62
60
76
71
65
83

74
77
115
104
90
60
58
45
91
120
76
87

-3

29
6
-7

-24
-23
16
-=4
35
-119
1
37

-5
-9
-15
-5
-129
-2
52

-24
-18
25
11
40
10
3
-15

1,675
1,405
,273
,119
,567
,172
,058
,061
,062
,690
,221
,181

2
-47
-8
9
19
35
6
21
5
1
22
57

917
,029
,108
1,010
769
858
783
656
1,034
1,187
754
1,321

2
-50
-8
9
21
50
26
21
5
-90
22
74

-3
2
15
20
-91

i?'

1
Through 1949 includes transactions in corporate bonds. Excludes
nonmarketable U.S. Treasury bonds and notes issued to official institutions
of foreign countries beginning 1962; see Table 15,7,
2
Breakdown between "Official" and "Other" not available until May
1963.
t
T
1
Through 1949 represents transactions in corporate stocks only. Includes State and local government securities, and securities of U.S.

Digitized for FRASER


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

Sales

PurNet purchases or chases


sales

Sales

Net purchases or
sales

Official 2 Other 2

29
3
-T

Net purPurchases or chases


sales

Purchases

1001

77
23
-13
-24
18
15
4
15
-15
-50
-11
-4

Government agencies and corporations that are not guaranteed by the


United States. Also includes issues of new debt securities sold abroad by
U.S.
corporations organized to finance direct investments abroad.
4
Includes foreign stocks.
5
Included with foreign bonds.
NOTE. Statistics include transactions of international and regional
organizations.

INTERNATIONAL FINANCE

15.12 NET PURCHASES OR SALES BY FOREIGNERS OF U.S. CORPORATE STOCKS,


BY COUNTRY, VARYING PERIODS, 1945-70
[In millions of dollars]
Other
Nether- Switzer- United
lands
Kingdom Europe
land

Germany

Total
Europe

Other Intl. and


Africa : countries regional

Latin

Canada America

Total

France

97
64
-151
-144
21

2
3
-54
-74
9

-1
-14
-59
-51
23

12

28

-3
-4
-2
1
1

-45
-52
-117
-159

-48
-27
-11
12
11

-3
26
-17
14
-8

-11
-4
-13
~2

3
120
1
55
135

-2
10
5
5
11

-5
-19
-23
-24
-34

10
59
41
37
55

35
48
-28
35
79

5
10

45
110
-7
48
116

-31
-6
6

-11
9
2

-2
7
1

-15

4
24

1955
1956
1957
1958
1959

128
256
143
-56
363

10
19
3
-1
35

1
2
2
18

-22
-10
10
-13
11

112
118
75
-15
215

32
75
69

15
27
25

18
29
11
13
35

5
24

6
6
2
1

21

-52
-21
-57
-43
-18

6
9

18

146
231
184
-34
318

1960
1961
1962
1963
1964

202
323
111
198
-349

38
23
5
-9
37

20
23
32
-8
3

-4
29
9
3
17

115
162
117
-25

-41
-11

45
26
-9
9
-9

173
252
113
166
-422

-6
-22
33
5
35

18
44
-21
9
27

12
43
-18
11
5

2
3

1965
1966 . . .
1967
1968
1969

-413
-333
757
2,270
1,487

-3
-13
68
201
150

10
8
68
169
216

-11
-45
22
298
189

-33
2
49
130

-472
-637
342
1,592
1,094

47
231
265
386
125

-14
49
84
151

19
14
49
124

-1
1

136

90

Period
1945
1946
1947
1948
1949
1950 . .
1951
1952
1953
1954

295

18
24
41
27
2
-14
-4
13

-1
-2
-6
4

-1
3
1
6

1
3
1
2

2
1
-8

2
1
1
2

-1
-2
-2

29
-8
II
17

4
-3
1
-1

-1
2
4
-2

-1

3
35
23
54

-2
-4
-5

-5
9
10
9

2
1
1

51
38
76
-19

-13
-15

10
4

-8
-15

-1
4

14

2
9
14

17
69
76
69

-6
-14
-16

4
6
18

3
1
3

6
13
5
3

99
87
26
-29

-5
-18
-21
-13

9
1

-5

22
12

-2
1
2
-2

33
-9
18
13

2
1
2
1

-7
-8
-5

22
4
8
3

13
-3
8
18

2
45
30
62

2
4
3
2

-10
-10
-7
7

6
17
10
22

6
21
15
36

3
2
1

49
33
71
-26

5
2
3
-1

-8
-5

46
3

5
33

4
5

69
-6

-2
-4

6
1

37
73
70
76

5
5
5
4

-6

-4
-1

40
37
32

25
25
18

105
72
g
-40

2
2
2
-3

6
4
7
-7

55
17

31
51
1
-14

. .._

11

-7

For notes see end of table.

Digitized for FRASER


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

-3

-1
-9
-25
7

-15
-3

19531
II.
Ill
IV
1954 j
II. .
Ill
IV

22

-2
1

-8

36

47

2
2

1002

2
2
3

2
2
4
6
6

-1

_2
10
-8
20

1952 I
II
III

3
1
3
4
4

-1

7
7

1
3

1
4
3

85

-9

9
10
19
10

2
7

2
18
12
12

2
2

6
7
14
12

482

-1
-1
-3
1

2
3
3
3

3
13
27
17

17
27
37
39

24

3
_5
-9
-7

1951 I
jj
III
IV

1956 I
II
Ill
IV
1957 i
II
,
in
IV

490

-398
-524
-115
-28
-245

2
2
4
2

III
IV

19551. .
II .
III....
IV. ...

-37
-64
250
822

12

rv

197

-33
3
9
6
17

195

2
1
3
1

T
jj

41

-177

110
3
15
1

58

__9
g
4
8

inert

-214

-23
-9
6
9

128
3
5
3
1

626

1970

_7
8
-42
21

Asia

-2

1
2
1
1

1
2

1
1

I
I

3
1

"i*

1
-'

1
1

1
1
1

,
i
i

INTERNATIONAL FINANCE
15.12 NET PURCHASES OR SALES BY FOREIGNERS OF U.S. CORPORATE STOCKS,
BY COUNTRY, VARYING PERIODS, 1945-70Continued
[In millions of dollars]
Period

Germany

Total

France

19581
II
Ill . . .
IV

-30
-19
-9
1

7
-3
4
4

19591
II. ..
Ill
IV

36
97
95
136

4
3
10
18

19601
II
Ill
IV. . . .

29
46
-18
7

1961 Jan.. ..
Feb. .
Mar. . .
Apr.
May . . .
June
July.
Aug
Sent.
Oct.
Nov
Dec.

32
32
32
56
58
33
-5
2
16
28
25
15

1962 Jan.
Feb.
Mar. . .
Apr.
May
June . . .
July
Aug.
Sept.. .
Oct.
Nov.
Dec

54
64
20
21
28
-65
-18
4
-9
-4
21
-4

1
2
1
-2
-1

3
-9

-2
_1
-1

1963 Jan
Feb.
Mar.
Apr
May
June
July
Aue
Sent
Oct
Nov
Dec.

37
60
21
g
16
11
-8
38
21

Other
Nether- Switzer- United
land Kingdom Europe
lands

Total
Europe

-2

3
-3
1
11

30
90
81
116

-6
-9
-4
2

6
5
12
11

3
10
4
7

1
5
5
12

30
42
-14
1

-2
-1
-1
1

-1
1

1
4
-4
3

12
3
3
1
8
1
-3
-2
1
2
1
-1

19
29
30
41
52
31
-9
1
15
22
17
5

1
_2
-3
-1
-6
-3
-3
-4
-6
4
-1
2

7
1

9
2
-1
8
12
-29
27
-12
-5
9
-1
-1

4
1
-2
-1
2

54
65
17
24
41
-49
-20
-4
-6
-5
7

2
-2
4
5
5
-2
-1
4

-2
1
-10
-4

3
9
6

-3
-3

3
2
9
42
39
33
18
4
9
15
21
8

4
3
-2
-1

-5
-8

2
-1

31
42
19
16
10
9
34
15

-I
10
-2
-5
5
3
-8
-3
5

-19
-26
-44
-31
-29
-22
-70
-52
35
-21
-30
-44

10
1
1
11
9
9
-2
5
7
-5
I
2

9
16
-2
-47
-51
77

4
-9

-20
-12

-14
-12
-7
19

-9

3
8
4
3

_3
3
3
7

38
65
55
57

-15
5
3
26

4
6
6
5

4
4
-1
2

1
1
-1
-1

18
19
-12
-1

5
3
2

2
1
1

4
1

2
3
2

4
17
17
24
27
16
-9
-8
2
25
24
22

5
12
-4
10
4
2
6
12
5
10
3
4
3
-9
21
24

44
34
16
16
22
-19
5
10
1
-13
9
-7
_4
' -12
-3
-5

2
2
3
2

5
5
2

2
29

-1
-3

-4
-2
-1
-1
3

1964 Jan. . .
Feb.
Mar.
Apr
May
June
Julv
AUE.
Sept
Oct
Nov.
Dec

4
-26
-51
-17
3
-6
74
-50
43
-25
-27
-37

-3

1965 Jan.
Feb
Mar
Apr.
May
June

13
16
11
-37
-40
64

1
2
8
-2
3
5

2
-9
-4
A

-3
-5
6
-2
-3

3
5

4
6
1
_1
6
3
1
5
1
_2
-1
1
4
2

-1
1
-1
1
1
1
-2
3
_1
-1
-1
2
-1

-1
-1
-2
7
-2
-1
-2
-2
2
2
1
1
3
4

-1
3

6
2

-t
t
-2
-1

4
3
1
1
-1
2

-1
1
1
3

1
5

-1
-2

-7
7
-10
5
3

-2
-1
-1
-3

j
-2
2
2
j
3
1

-4
-7
-14
-7
-23
-23
-34'
-25
15
-19
-27
-15

-19
-22
-36
-26

3
-2
4
-1

3
34
-24
15
5
13
-23

2
3
-1
-12
-2

11
6
-2
-3
-8
-42

-3
11
18
-39
-46
36

For note see following page.

Digitized for FRASER


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

Other Intl. and


Africa 1 countries regional

Asia

-13
-6
-11
-14

-5
1
_1
7

Latin
Canada America

1003

-2
-5
2
-4
8

10
8
7
17

8
8
4
2
3
6
3
4
3

-3

1
-1
-1
2
6
3
-1
-1
-4
-1
5
11
1
-10
3
22
3
__4
-3
3
-1
-2
1
2
-2

4
4
6
7
3

-1

1
1

4
2
1
1
6
5

-I

-6
2
1
-9
-9
-10
2
6
2
-I
7

1
1

1
I

-1
4
2
-4
1
1
1
1
1
-2
1
-1
1
3
2
-I
-2
2
2

3
1
1
-2

-1

1
1

1
1
1
1
1
1
1
1
1

INTERNATIONAL FINANCE

15.12 NET PURCHASES OR SALES BY FOREIGNERS OF U.S. CORPORATE STOCKS,


BY COUNTRY, VARYING PERIODS, 1945-70Continued
[In millions of dollars]
Period
1965-=July.
Aug. . . ,
Sept. . .
Oct.
Nov. . .
Dec....

Total

France

94

Germany
-1
1

Nether- Switzer- United


Other
lands
land Kingdom Europe
-2
2
-5
I
-1
-4

-1
j
-5

2
4
5
4
1
1

1
-32
-55
-52
-74
-80
-33
-39
-29
-3
-83
-159

4
7
15
23
59
19
10
16
21
14
11
33

3
3
3
6
10
1
4
-1
6
4
3
6

6
6
1
7
-8
9
-8
7
2
j
1
3

19
13
-9
23
22
53
24
23
35
1
42
20

-1
2
7
5
-3
5
-2

9
1
7

12
_4
6
7
20
12

33
-44
-22
37
-4
8
61
37
86
34
85
98

-6
5
-12
7
14
-g
10
-9
7
11
26
21

14
10
12
7
3
7
18
13
11
4
6
34

101
60
250
166
51
128
153
80
100
144
207
151

49
15
25
66
16
37
46
9
25
21
40
39

18
-5
-13
35
18
14
5
-17
7
30
18
39

150
110
82
35
63
-120
-63
29
38
126
37
5

1
2
-39
21
-25
-68
-31
-21
4
-34
-12
9

16
43
33
20
50
24
-26
40
27
22
30
13

211
Igg
111
51
118
-148
-87
127
130
246
107
40

94
36
-9
9
-1
15
7
-27
3
32
-4
-23

30
40
-12
10
30
10
3
-21
-15
58
5
-1

22
5
9
3
1
15
19
7
1
6

-24
19
-26
12
-46
23
13
40
49
1
11
39

5
3
22
15
-102
23
-14
20
29
32
3
14

-20
14
-19
5
-32
14
9
11
6
21
31
11

-31
32
-33
10
-149
41
58
113
154
85
84
137

-39
-25
-30
25
-30
8
-16
-6
26
31
6
40

24
-24
13
-16
-25
-2
3
-9
20
30

3
3
6
6
3
15
6
4
22
13

32

-1
-1

-2
-5
12
14
23
-13
15
-7
-7
10
-37
-44

-4
-20
-38
-59
-114
-43
-48
-26
-19
12
-37
-107

5
-4
4
4
15
-17
2
2
-1
3

-30
-32
-35
7
2
-2
-16
5
3
2
2
_3

-2
-5
4
2
_5

7
-9
-12
26
9
7
42
19
42
15
50
70

10
9
10
5
26
16
8
6
8
24
17
31

11
10
210
6
13
7
4
7
4
7
18
g

66
24
25
119
9
94
120
48
45
119
92
79

9
9
4
6
3
-11
5
76
21
12
1
14

27
21
18
12
5
12
4
19
17
41
30
12

g
3
13

1
9
-13
8
1
6
16
7
4
_3
7
39

11
16
11
20
-2
3
18
18
36
23
13
27

-22

1966 Jan....
15
Feb.... -14
Mar,.
-37
Apr....
- 15
May... -11
June . . . -50
July.
-26
Aug
-16
Sept. . .
7
Oct.
Nov. . .
-68
Dec.... -115

-3
-3
-4
-1
9
5
1
2
-3
-6
-5
-3

3
1
4
2
2
-1

1967= Jan. . .
Feb. . . .
Mar..
Apr. . . .
May
June . . .
July...
Aug..
Sent
Oct.
Nov. . .
Dec

6
-28
-14
66
14
64
87
71
143
58
139
161

-4

-8

8
7
3
3
7
11
11
5
8
6

4
3
6
5
5
2
13
6
8
6
4
6

1968 Jan. . . .
Feb.
Mar. . .
Apr
May
June , .
July
Aug.
Sept, . .
Oct
Nov.
Dec

178
76
262
280
92
199
222
SO
150
211
284
237

7
12
5
22
5
13
20
15
25
9
48
20

1969 Jan. .
361
Feb.
267
Mar./.
99
Apr
74
May
156
June... -105
July
-52
89
Aug.. . .
Sent
118
Oct. . . .
348
112
Nov
Dec....
19
-43
1970 Jan.
Feb
13
Mar. . .
-40
5
Apr
May... -200
June
63
52
July
104
AUK.
Scot
225
Oct
158
Nov.
98
Dec
216

2
-2

-1
_3
6

2
-5
-8
-11
_3
-8
3
-5
-8
5
4
4
-3
3
11
1

22
16
24
-15
32
79
21
-13
g
6
Q

23
33
18
16
16
37
13
18
g

-6
-9

_4

i Includes "Other countries" until 1963.

Digitized for FRASER


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

1004

-6

11
18
6
38

Other Intl. and


countries regional

Africa

Asia

4
-4
6
1
4
1

-58
-82
-48
-22
-20
-37

4
3

Latin
Canada America

-94
-92
-31
7
-32
-76

29
7
19
25
-2
-4

--91
-33
12
-25
-80

Total
Europe

...

:::::::.i
-1
1

9
6
19
20
6
16
15
18
6

i
i
- .

1
3

i
i
ii

1
-2
3
8
9
3
7
4
5
5

1
2
3
2
1
1
2
2
1

1
4

i
j

1
-2
1
2
2
2
2

4
-1

-1
3
3

1
8
4
6
3
6
4
2

-1
-1

1
4
1
1
I
2
2
-1
7
3

INTERNATIONAL FINANCE
NET PURCHASES OR SALES BY FOREIGNERS OF U.S. CORPORATE BONDS,
BY COUNTRY, VARYING PERIODS, 1950-70

15.13

[In millions of dollars]


Period

Total

France

1950
1951
1952
1953
1954

_j
-22
12
15
6

1
2
3
3
3

1955
1956
1957
1958
1959

29
35
51
17
73

1
3
5
3
5

I960
1961
1962
1963
1964

50
-99
-51
9
176

-1

Nether- Switzer- United


Kingland
lands
dom

Germany

I
1
2
-1

3
2

-36
-25
-40
-37

30
29
26
34
39

-2
12
8
-1
-4

8
2
6
2

37
49
71
44
62

-28
-32
-42

5
-9
-3'
-2
-4

56
5
11
11
14

_7
-6
8
10
173

6
-8
-5
11
11

60
-20
11
33
194

-39
-90
-76
-52
-32

-123
445
-337
522
251

38
61
48
238
83

26
752
43
1 757
822

118

91

2
4
-1
-3

1
-1

-2
j

1
3
2

1
1
1
5

1,964
, . . . 1 202

39
14

51
130
172
510
176

1970

956

35

48

37

134

19501
II
Ill
IV

-5
4
-2
2

19511
II
HI
IV

7
4

19521
II
III. ...
IV

-2
4
20
35
30

I
3
25
5
20

43
52
38
253
200

is9

-1

-3
2
2
3
-1

-1

17
51
114
195
97

Canada

2
2
7
25
21

313

38

Total
Europe

-1
-2
-1
4

1965
1966
1967
1968
1969

1.011

Other
Europe

8
6

-10
7
2
4
13

19531
II
Ill
IV

-15
17
16
-2

19541
H
III
IV

_7
8
22

19551
II
Ill
IV
19561
II
Ill
IV
1957_I
H
III
IV

_1
6
2
22
1
26
8
21
3
8
20

1
1
1

1
1
1

1
3

I
1
19
1

-2
-1

1
I

12

4
7
9
5

7
6

6
7
2
16

-2
1

_4
2

Other
coun-2
tries

Intl.
and

regional

I
-1
1
1

3
3
4
4
6

8
10
9
6
19

1
2
2

-1

18

-1

1
5
-2

1
j
6
5

-4
-7
41
68
32

5
5
30
-1
-11

-3

16
31
12
14

464

128

25

28

4
-3
3

-6
-3
1
4

1
2
-1
-1

1
1
1

1
2
1
2

-7
-12
-2
-14

5
1

1
1
1

2
5
6
9

-12
-5
-8

1
1

2
11
14
8

-18
-5
-19

2
5
7

2
2
-3
-1

5
5
18
2

-14
-16

-6

1
2
4

5
3
4
25

-13

2
2
1
4

-16
7

44

-12

_7
-8

12
10
12
16
12

_1

1
14
11
10

15
244
121
117
336

-12

324

34

9
14

3
4

7
4
9
6

3
2
-1
3

27
7
16
21

-12
-9
-14
-7

3
2
3
4

1
1

1
1
1
1

5
4

13
17
12
7

1
2

3
-3
I

4
3
3
2

1005

Africa

4
16
5
3

For notes see end of table.

Digitized for FRASER


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

1
7
11
14
6

Asia

9
9
12
10
5

2
1
2
2

Latin
America

1
1

1
1
2
1
2
2

1
1
1
1

3
1
4
1
I
2
3
4

3
1
3
2

INTERNATIONAL FINANCE

15.13

NET PURCHASES OR SALES BY FOREIGNERS OF U.S. CORPORATE BONDS,


BY COUNTRY, VARYING PERIODS, 1950-70Continued
[In millions of dollars]

Period

Total

France

22

18

*
3
-1
2

11
11
34
17

-1
5

135
86
15

19
8
2

1958_I f f
H
III
IV..
1959_I
II
III
IV

3
19

I960I
II
III
IV
1961

Jan
Feb.
Mar.

-14
10
16
13
6
-13
-10
15
15
5
-1

1962Jan.
Feb....
Mar, .
Apr.
May
June
July
Aug..
Sept. .
Oct.
Nov. .
Dec.

17
~6
14
1
2
1
13

_1

2
18
2
_1

Nether- Switzer- United


Kinglands
land
dom

1
-1

11
2
9
3

30
-1
3
18

-17
-23
2
-6

1
8
11

7
4
17
11

2
2
_3

5
6
28
23

-2
-15

8
12

124
72
in
12
3
-5

-3
2

-1

-1
1

9
2
1
10
-9
3

Canada

6
3
4
-I

_1

Total
Europe

12
1
8
13

-1

Other
Europe

1
1
2
1

_2
-2
3
1
1
2
1

-6
-2
-8
-12

1963 Jan.
Feb
Mar
Apr.
May
June
Julv
Aue.
Sept
Oct
Nov
Dec.
1964 Jan
Feb
Mar
Apr.
May
June
Julv
Aim
Scot
Oct
Nov
Dec
1965 jan
Feb
Mar
Apr
May
June

May
June
July.
Aug. .
Sent.
Oct
Nov. .
Dec.

Germany

72
33
1 ft
20
1
-1

2
2
2
2
1

_1

7
3
7
2

10
15ii
58
11
2
3
4
-4

19

6
-1
3
3
-2

1
1
-1

2
2

ii

-2

-2

7
1

-1
1
1

2
_1
13
1
3
-1
3
-1
3
2
2
1
1

1
_1

1
1
2
1

2
-3

2
6
1
1
1

4
-1

-1
2
-I

2
3

-2

9
-9
16
-2
14
23
6
48
9
g
32
24

9
18
23
45
44
172

_1

i
i
ii
i
-i

3
1
1
1
2
1
2
3
1
1

_i

4
18
2
6
25
2
43
19
9
28
18

1
1
1
3
1

4
12
38
37
-183

-1

1
4
4
6
2
1
1
2
1
12
1
_3

For notes see following page.

Digitized for FRASER


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

1006

Latin
America

Asia

Africa *

-2
2
7
1

11
2
4

2
8
4

9
_2
3
-4
3
3
1
-1

-5
-11
9
8
-13
-11
-10
-10
-10
-12
-7
-2

1
-1
10
2
13
3
2
-4
2
1
-6

-21
-7
12
-11
4
-12
-12
-4
-4
-1
-10
-4

-2
2
3

7
1
19
4
12
19
9
47
19
g
28
21
-3
__ 4
25
40

39
-185

_1
_6
-5
-5
2
-10

1
-6
-2
-11
-2
4
1
-6
-12
3
3
3
12

-1

1
3
6
8
1
1
1
1
2
1

-1

1
1
I

-1
_1
-1

1
2

1
1
1
1

2
1
2
1

1
1
1
1
1
1

-3

1
1
1

-3
-10
' -3
-11
-4

2
-10
-6
-2

Intl.
and
regional
1
3
1
2

5
-1
3
4
2
2
1

9
6
2
2
3
-1
5
3

Other
coun-2
tries

2
3

4
1

-i
-6
1
1

1
1

1
1
1
1
-1

1
1

1
-2

2
1
1

INTERNATIONAL FINANCE
15.13

NET PURCHASES OR SALES BY FOREIGNERS OF U.S. CORPORATE BONDS,


BY COUNTRY, VARYING PERIODS, 1950-70Continued
[In millions of dollars]

Period

Germany

Nether- Switzer- United


Kinglands
land
dom

Total

France

1965 July . . . -16


Aug.,
-8
11
Sept..
Oct
8
Nov. .
Dec.
130
1965jan.
22
22
Feb.
Mar
187
59
Apr.
May
170
June
155
-10
July
14
Aug.
Sept
127
29
Oct.
Nov. ..
100
136
Dec
1967 jan
50
50
Feb.
65
Mar. .
Apr
71
May
141
June
41
115
July
13
Aug.
Sept
108
Oct.
-246
Nov
-178
82
Dec.

25
7
1
6

5
6
2

2
1

1968 Jan.
Feb.
Mar
Apr.
May .
June
July
Aug. , , .
Sept. .
Oct
Nov. .
Dec...

144
286
53
60
385
141
164
212
170
191
60
98

12
20
11
1
38
4
18
17
6
9
50
9

6
15
9
2
35
3
13
56
51
58
4
3

3
8
6
-I
11

1969Jan.
Feb
Mar. .
Apr
May
June . . .
July
Aug.
Sept. . . .
Oct.
Nov. .
Dec....
1970 jarit
Feb....
Mar. . . ,
Apr.
May
June . . .
July. ..
Aug.
Sept. . . .
Oct.
Nov. ,
Dec.

190
81
195
27
76
85
103
31
39
146
35
193

3
1
33
-I
9
1
5

3
3
43

56
92
161
156
40
13
82
38
106
91
47
75

7
3
4
7
3
4
4
-1
1
-1
2
2

1
1
3
12
8
3
14
3
5
8
1
1
1
3
4
5
7
I
1
5
2
54

3
4
4
34

-1

1
42

1
2

3
1
5
1
1
6
2

1
2
6
1

1
3
30
I
2
3
1
17
1
2
1

7
2
39
24
27
25
10
17

4
1
1
1

1
1
1
2
1
2

4
7
1
1

i
-2
4

1
1
1
4
5

5
8
8
4

1
5
19
16

-6
2
-3
25
1
7

1
1
-3

Other
Total
Latin
Europe Europe Canada America

-32

7
2
8
22

-8
1
4
11

5
12
39
10
10
9
4
5
7
13
3
12

6
-9
24
4
48
118
-44
2
115
2
66
113

5
3
14
9
6
11
1
2
1
5

12
8
17
7
29
15
14
10
7
32
4
16

11
16
46
4
69
9
6
1
8
-300
-224
16

1
20
3
3
9
2

48
63
26
17

8
17

-21

2
3
24
106

6
-8
3
4
-15
16

-1

2
2
2
4
2
2
2
2
2

^
4
2
2

_1

10

4
_1

24

, 14
o

-7
-1
7
6
7

31
56
67
15
130
30
78
4
39
-247
-205
46

3
-15
1
10
4
2
7
5
7
12

32
68
28
43
13
24
38

17
123
21
11
150
82
21
47
-8
25
-2
34

30
39
29
5
70
-6
19
35
8
2
-4
10

117
269
103
35
413
116
143
190
102
106
71
93

13
7
4
14
5
17
16
-2
4
4
-5
-9

1
2
-I
1
6
5
4
, 133
-11
-5

52
7
28
1
28
-4
22
5
-4
9
6
26

8
46
9
34
44
56
8
23
-20
11
-13
44

33
-8
10
3
1
-1
5
2
-6
15
9
19

102
48
123
36
91
53
81
54
2
68
18
146

18
4
-6
8
3
7
-11
5
2
4
1
1

2
6
-10
8
9
1
-5
1
5
-6

15
14
8
32
14
4
23
_1
3
8
3
9

14
35
30
10
-14
-12
36
-1
-1
-8
1
28

2
-12
9
7
5
3
8
1
2
43
4
18

43
53
78
76
9
-8
68
4
31
43
13
61

11
7
13
7
2
13
6
21
16
14
17

no

Includes "Other countries," except Australia, until 1963.


2 Australia only until 1963.

NOTE.Statistics include State and local government securities, and


securities of U.S. Government agencies and corporations that are not guar-

1007

4
6
2
6

6
3
A

10
6
2
2
6
2
-6
1
2
1

Intl.
and
regional

2
1
1

-6
5
11
2
-4
-15
-1
2
-2

Other
countries

-3

2
-1
-1
3

27
13
102
28
69
155
-37
9
126
25
99
135

Digitized for FRASER


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

2
1
2

Africa

Asia

1
5

1
1
1
1

1
1
-8
70

11
3

4
19

1
5
7
6
1
1
2
-1
-24
-1
3

3
-3
10
3
10
-2
6
7
1

-3
-11

1
1

-15

1
1
1
1
1
2
10
1
1
6
3
3

1
71
28
100
12
25
1
I
1
2
2

-1

1
1
t
1
-6
-1
2
2
1

1
1
6
60
-9
3
-5
13
7
-58
3
-46
2
2
9
68
113
4
1
66
16
102
-32
-34
23
38
-13
35
82
14
38
37
58
65
26
3
1
21
64
29
13
g

anteed by the United States. Also include issues of new debt securities
sold abroad by U.S. corporations organized to finance direct investments
abroad.

INTERNATIONAL FINANCE

Digitized for FRASER


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

15.14

NET PURCHASES OR SALES BY FOREIGNERS OF LONG-TERM


FOREIGN SECURITIES, BY AREA, VARYING PERIODS, 1942-70
[In millions of dollars]

Period

Total

1942
1943
1944
1945

Intl. and
regional

78
93
-47

1946
1947
1948
1949

265

Total
foreign
countries

-33

188

131

-34
-43

205
-102

89
41

44

1950
1951
1952
1953
1954

-145
-377
-218

4
-153
-118

-142
-224
-100

-300

-164

1955
1956
1957
1958
1959

-30
-511
-722
- 1 , 363
-750

-27
-33

1960
1961
1962
1963
1964

-645
-830
-1,048
-1,044
-728

-147

1965
1966
1967
1968.
1969
1970

-953
-685
- 1 , 320
-1,695
- 1 , 547
-915

-164
-171
-393
-329

19421

II. . ..
Ill
IV
19431

II. ..
HI
IV
19441

II .
Ill
IV
19451

II
III
IV.
19461

II
Ill
IV. .

1947 i
II.
Ill
IV
1948 i
II
III
IV
19491

II
III
IV

. . .

66
-254

24
27
30
15

265
-16

-235
-96
-140

-38
44
64
-56

288
-95

60

-384
-558
-157

Latin
America

-6

-249

-61

Canada

7
78
93
-47

537
-95

-72

Europe

5
4

Asia

Africa

ij

-1
1

-21

11
3
2
26
11

-11

20

-190
-259
-141
-138
-133

30
34
25
35
33

1
-36
-10
-30
-34

-137

13
28
20
96
-9

4
-478
-338
-805
-593

-46
8
231
-72
-50

74
-447
-552
-543
-443

24
17
15
5
11

-49
-40
-45
-45
-97

-22
7
7

-498
-832
-813
-949
-588

-117
-262
-188
-49
163

-196
-318
-360
-614
-670

-107

-41

-788
-514
-927
-1 366
-1,613
-662

108
214

-659
-726
-768
-945
-1,128
-586

-55
-9
38
-300

-11

31

3
7

74
50
1

-58
-41
-26
-36

-98
-11

27
9

3
5
3
-4

15
-24
6
-44
-18

7
-44
-15

-43
-29
-35

14
7

-22
25

-131

3
16

-54
-2

-152
-96
-474
-129

-20
-39

-27
6

-121
-175
-252
-77

*i

-105

-6
-6

20
20

-6
-11
-8
18

-6
-11
-8
18

3
1

-12
-19
-19
11

5
7
7
5

-38
-4
122
-3

-38
-4
122
-3

2
1
1
1

-45
-12
112
-11

5
6
8
7

-22
26
96
-7

-22
26
96
-7

-1
1

-27
21
84
-14

5
6
12
7

-36
28
-13
-25

-36
28
-13
-25

-2
-6
1

-37
25
-20
-24

3
7
5

100
31
67
67

100
31
67
67

. -5

-2
-13
-12

100
17
34
36

6
15
52
58

45
115
82
47

6
-17
-11
-13

17
121
43
25

16
14
29
30

6
-4
20
5

17
14

3
4
1
1

45
115
331
47

-249

19
10
15

20
20
-67
86

-139

15

-20
-8
-2

-141

12
13
9
8

4
20

2
5

-3
8

5
5

-67
86

11
12

-84
69

5
5

19
10

-139

-16

For notes see end of table.

1008

13

1
2
1
1

1
2

Other
countries

-1
-1
2

1
j
-5
-16

INTERNATIONAL FINANCE
15.14 NET PURCHASES OR SALES BY FOREIGNERS OF LONG-TERM
FOREIGN SECURITIES, BY AREA, VARYING PERIODS, 1942-70Continued
[In millions of dollars]
Europe

Canada

Latin
America

5
8
1
_1

-58
32
-232
68

8
14
1
6

-125

18

2
13
3
10

-24
-112
12
-135

6
9
8
10

4
-18
-9
-13

-60

44
150
60
34

7
6
_9
15

-39
-161
56
3

3
5
2
15

-81
92
14
-98

9
5
-3
-73

-90
87
17
-25

15
31
7
44

-99
56
-13
-83

-202
-106

-90
-5
-62
-7

-112
-101
71
5

24
-40
26
-19

2
-7
-17
-9

9
-7
-21

35
28
-16
34

-116
-163
-168

-20
-9
-3
-1

-96
-154
-165
-63

-252
-320
-100

-62
-87

Total

Period

'

19501
II
III. .
IV

-46
64

-228

65

-2

17

-50
-3
-1
-99

-50

-6
-51

-110

19521
II
III. . .
IV

-201

-224
59
-26

19541
II
III. . .
IV
19551
II
III
IV
19561
II
Ill
IV
1957_I
II
Ill
IV
1958j
II
Ill
IV
1959_I
II
Ill
IV

10
-2

-65

-50

19601
II
Ill
IV
1961 Jan
Feb.
Mar
Apr
May
June
July.
Aug
Sept
Oct
Nov
Dec

-105
-130

Total
foreign
countries
_44
63

-228
67

-10

-107

1
9
1
7
1
2
1
1

1
1

-11
-10
10
1

-5
9

4
11
5
13

-9
-8
-4
-10

3
4

-136
-61
23
43

7
8
12
7

-10
-10
-2
-12

8
4

26
23
23
2

4
5
7
7

-10
-6
-10
-22

_3
4

11
2

-15
-28
52

-92
-107
-156
-92

-10
-16

24
1
1

6
7
2

-15

190
-233
5
79

10
-1
123
101

-183
-248
-121

4
Jl
6
6

-17
-9
-4
-16

5
1

__ *5

-152
-264
-29

-113

247
-177
-166
-214

93
90
-25
44

-135
-223
-95
-91

6
10
-5
7

-11
-10
-7
-17

15
19
-35
36

-326
-150
-165
-109

-43
-66
-34
-13

-283
-84
-130
-96

73
-5
34
-5

-147
-64
-143
-89

7
3
2
12

-58
-19
-3
-16

1
2

-267
-146
-115
-117

-65
-35
-40
-8

-202
-111
-75
109

-11
-9
46
50

-130
-77
9
1

-13
-9
-11
8

-43
-51
-81

-1
15
-3
3
1
-15
3
6
4
-5
1
-7

-42
65
-78
-106
109
-38
-93
-29
-24
-47
-83
-116

-27
30
-24
-9
26
-17
12
-10
-3
-17
-26
-85

-6
4
-42
-59
52
-23
-70
-17
6
7
-15
-28

-52
7
31
32
7
26

-6
4
-11
-19
24
8
-6
-3
7
-26
-15
-9

_1
i

-53
-91
-23
-20
-52
-82

-123

For notes see end of table.

Digitized for FRASER


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

Other
Africa ^ countries 2

Asia

-399
-441
-195
-327

-104
-108
. .

-2
1

-60

19511
II
Ill
IV

19531
II
III
IV

Intl. and
regional

1009

20
_5
4
1
1
3
1
-9
1

2
3

1
1
20
5
11
10
-12

1
-22
14
-16
_9
14
1
2
-25
-22
2
-22
1
1
-23
1
22
4
-1

8
4

_1
-2
-26

-18

-5

-18
6

INTERNATIONAL FINANCE

Digitized for FRASER


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

15.14 NET PURCHASES OR SALES BY FOREIGNERS OF LONG-TERM


FOREIGN SECURITIES, BY AREA, VARYING PERIODS, 1942-70Continued
[In millions of dollars]
Period

Total

Intl. and
regional

Total
foreign
countries

1962 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

-20
-90
-82
-46
-176
-120
-15
-31
-52
-151
-109
-156

1
4
9
-4
-10
-78

1963 Jan
Feb
Mar
Apr
May
June . .
July
Aug
Sept. . . .
Oct
Nov
Dec. , . .

-258
-162
-115
-67
-284
-102
-65
-66
16
36
10
12

35
6
-29
-62
3
2
8
1
2
4
2
2

-224
-167
-86

1964 Jan. . .
Feb
Mar.
Apr
May
June
July
Aug
Sept. . .
Oct
Nov
Dec. .

35
-57
33
-100
-91
-28
14
22
-39
-147
-251
-119

3
-4
2
-48
1
9
4
1

32
-53
31
-52
-92
-36
9
20

1965 Jan
Feb. .
Mar
Apr.
May ..
June
July . .
Aug
Sept, . , .
Oct
Nov
Dec

-25
-190
-112
-95
-28
-124
-49
-23
-108
-101
-70
-28

5
-178
3
4
3
9
-13
1
-17
6
6
8

1966 Jan
Feb
Mar
Apr
May
June

-196
-111
-110
-172
30
23
-83
32
-50
-27
54
32

7
7
-94
-31
-22
11
-50
7
6
-20
6
2

-202
-118

30

-144
-59
-43
-93
-40
85
-173
-117
-175
-144
44
203

-52
6
-87
-94
-1
-9
-14
-43
-72
13
-37
4

-92
-65

July

Aug
Sept
Oct,
Nov
Dec

1967 Jan
Feb. .
Mar
Apr
Mav .
June
July
Aug
Sept
Oct
Nov. . . ,
Dec

-96
-28
-21
-11

7
-95
-22

20
6
-54
-24
-165
-119
-16
-35
-61
-147
-99
-78

5
-287
104

-73
67

15
32
8
10

39
-153
-156

97

Europe

22

-57
-23
-22
-68
-32
8
29
4

Canada

22
2
8
-91
-31
8
2
-14

Latin
America

4
1
-18

Africa i

Asia

-9
11

-5
-3
-26
-5
-I
-5
-57
-6
-10

1
-1
1
-24
3

i
i

-45

-7

-36

-3

-197
-125

-12

-12

-34
-19

1
1

I
31

1
1

{
2

-4
-43
37
-24
-24
2
-7
11

10
2
16
24
22
23
24
8
13
19
4c
2
15
16

-27

-3
1
1

-207
42

-6
-29

36

16

28
8
-2
16
-80
10
-58
-93
-49
6
16
35
-171
-129
103

2
16
2
2
1

1
-4
1
-14
3
2
13

13

-57
41
36

-34
20

10

-5
-11

-5
-12
-8
5

1
1
1

I
1
12
-30
5

-5
-15
-18

-20

-2
1

47

-133
-36

-41
33

-67
-48

-6
4

-23
2

5
-5
3

-1
12
-2

-17
1

-29
-14

-6
2

-10
-26
21
36

-8
-3
29
-3
4
-8
-5
-9
4
10

-16

-140

53
12
-33
25
-56
7
60

44
1

-39
-76
-159
-75
-103
-157
7
200

For notes see following page.

1010

18
27
-9
30
4

6
-8
77
-8
75
20
15
4
19
-6

-29
-8
-51
-31
-46
-117 i
-101
-30
-28
-196

-83

-138
-167

-1
1
1

20

-13
17
-37
34
-74
-36
-50
17

_4
-11
-4
3
17
_4
-12

-10

13
-8

-80
-62

2
6

-7
-2

22
2

-51
1

29
13

28
-5

6
-12

-23
_4
7

-117
-24
-101
-148

11
22
27
-4
-62

-23
-45

-125

14

1
8

-23
5
3

-5
-49
-53

2
3
-6

-31
5
-9

14

-11

24

1
2
1
1

10

-31

-107
-76
-36

2
-19

-95

4
8
26

-23
-92

33
1

-126

-102

-115
98

24

25

14
2
-6
22
14

-30
-12

Other
countries 2

-1
-8

1
j
2
1
4
2
1
1
5
2
2
3
1
2
4
21
3
15
12
3
-24
2
4
1
-10
2
I
-13
4
-9
1
2
15
-21
1
11
I
2
-10
-18
2
2
2
2

INTERNATIONAL FINANCE

15.14 NET PURCHASES OR SALES BY FOREIGNERS OF LONG-TERM


FOREIGN SECURITIES, BY AREA, VARYING PERIODS, 1942-70Continued
[In millions of dollars]

Period

Total

1968 Jan. .
Feb
Mar.
Apr.
May
June
July
Aug
Sept.
Oct.
Nov
Dec.

-220
115
-105
-215
97
-150

1969 Jan
Feb.
Mar. . . .
Apr.
May
June . . .
July
Aug.
Sept
Oct.
Nov.
Dec

-151
-182

1970 Jan. .
Feb
Mar.
Apr
May
June
July
Aug.
Sept
Oct.
Nov
Dec
1
2

-88

-173
-207
- 180
-198
-141

-20
155

-82

-286
-244

-63

-218

-6

-104

-36
-1

-133
-116

-66

Intl. and
regional

Total
foreign
countries

-64
10
-33
-54
137

-156
-125
-161
-40
-152

-14
-13
-18

-160
-189

-218
-58
-6

-140
-135
-119
-177
-122
-163

-32
-5
102
g
3
4
-11
-6
-9
4
3
4
1
-38
22
9

65
29
-132
-222

11
5
38
-158

-198
-1
-141

3
4

-72

16
-91

-74
38

-86
-290
-233

-57

-209

-10
-107

-40
-2
-95

-139

-75
54
24

-94
-64
-14
-107
-4
-145

Europe

3
49
-26
6
-13
g

53
-59
-69
82

Canada

-146
-112

-9

-159
-37
-103

Asia

-1
-54
-35
-8

-12
-3
27

-6
-27

18
-20

-56
-92
-55
-55

-60
-2
-44
2

-7
-8
-21
-7

41
-68

-101
-21

-60
-5

-26
-35

13
-3
22
-22
-16
-21
-1
9
16
70
15
-8

-124
-163

-5
4
-60
-14
2
-1
-6
-16

-5
-16
-48
-28
-29

10
33
36
17

-1
1

9
4
5
-33
-10
-22

-20

-100

-43
-164
-211

-50
-131

-18
-1
-98
-48
-48
-31

-12

-11

-9
-5
4
-2
3

5
-13
-25
-9

21
-51

-23
56
-30
3

-1
2
-12
-28

15
-90

-2
-5

-110
-154

-82
42
39

-78
-127

1011

10

Other
countries

Africa

-1
_5
-31
A

-12
-4
-1
16
3
-1
-6

-104

-21
-78
-24

Includes "Other countries," except Australia, until May 1963.


Australia only until May 1963.

Digitized for FRASER


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

Latin
America

-1
2

j
-1

8
-16

-9
-31

-i
-i

1
2
2
1
2
2
2
-6
3
2
-11
1
1
1
3
2
3
-1
1
14
2
2
1
2
1
1
2
2
1
4

INTERNATIONAL FINANCE
15.15 LIABILITIES OF U.S. BANKS TO THEIR FOREIGN BRANCHES, WEDNESDAY DATES, 1962-70
[In millions of dollars]
Wednesday

Amount

Wednesday

Feb

(i)
(i)
f1)

3
10
17
24
31. ..

Jan.

7
14
21
28

0)
(i)
(0

Feb.

0l
C)

Amount

Wednesday

Wednesday

1964

1963

1962
Jan.

Amount

2
9
16
23
30
6
13. .
20
27

864
,020
,065
,163
,230

Jan,

,260
,256
,283
1,284

Feb.

Amount

Wednesday

1966

1965
6
13
20
27..

1,119
1,162
1,213
1,358

Jan,

3
10
17.. .
24.. ..

1,490
,562
,697
,592

Feb.

5
12.
19
26

631
932
968
1,023
1,040

Jan.

5
12
19
26

1,145
1,132
1,127
1,077

Feb.

Mar. 3 . . . .
10..
17....
24. . . . . . .
31

,294
,350
,468
,545
,431

Mar. 2
9..
16.
23
30..

1
8
15
22
29

. .

Amount

1,395
1,559
1,695

...

i , 6m

2.. ..
9..... .
16...
23.

1,767
1,791
1,826
1,902

Mar

7
14
21
28

1 313
l'282
1,265
1 234

Mar. 6
13
20
27

1 287
1,260
1,220
1,167

Mar. 4
11
18
25

1,039
1,006
996
1,046

Apr

4
11
18
25

1 238
1 348
1 359
1,319

Apr. 3
10
17
24

,184
,222
,208
,191

Apr. 1
8
15
22
29

,006
,028
,036
,151
,146

Apr.

7
14
21..
28.. .

,426
,344
,404
,433

Apr.
P

6.
.
13
20..
27. .

May

2
9
16
23
30

352
262
271
287
317

May

1
8
15
22
29

,205
,179
,198
,179
,147

Mayy

,167
,183
,181
,132

May

5..
12
19
26.. .

,318
,364
,410
,432

May

4
11. . ..
18... .
25. ..

1,720
1,865
1,981
2,003

June

6
13
20
27

323
340
306
301

June

5
12 .
19
26

,080
,150
,181
,080

June

3
10
17
24

1,079
974
943
917

June

1,852
1,959
1,927
1,993
1,951

July

4
11
18
25

,270
304
270
301

July

3
10
17
24
31

1
8
15
22
29

917
847
936
998
1,008

1
8... .
15
22....
29

July

,346
,314
,278
,492
,436

June

,047
,078
052
,073
026

2.. .
9
16
23
30

July

7
14 .
21....
28

,505
,531
,557
,572

July

6
13
20.
27

1 , 897
2,286
2,481
2,786

,030
,060
,067
,064

Aug. 5
12
19
26

1,078
1,083
1,116
1,166

Aug.

4
11..
18...
25

,544
,612
',770
,792

Aug.

6
13
20
27

1,856
1,915
1,913
1,951
1,879
.

. .

1,762
1,956
1,938
1,909

1
g
15
22
29

297
317
303
272
265

Aug. 7
14
21. .. .
28

Sept

5
12
19
26

273
235
210
228

Sept. 4
11
18
25

983
1 056
1,094
1 156

Sept. 2
9 . . . .
16
23 . . . .
30

1,176
1,190
1,171
1,186
1 166

Sept. 1
8.. . .
15
22
29

,833
,826
,834
,748
,619

Sept. 7
14
21..
28

3,159
3,339
3,450
3,472

Oct

3
10
17
24
31

245
256
215
186
*207

Oct.

1,028
1,115
1,064
1 075
1,031

Oct.

7
14
21
28

1,160
1,192
1,175
1,198

Oct.

,693
,788
,656
,658
,719

Oct.

3,374
3,371
3,516
3,671

7
14
21
28

165
164
176
155

Nov

1,027
1,093
1 100
1 088

Nov. 4
11
"18
25

1,172
1,152
1,296
1,380

Nov. 3
10
17
24.

,663
,785
1,785
1,697

Nov. 2
9
16
23
30

5
12
19
26

171
'ill
063
'985

Dec

1 057
1,051
1,059
881

Dec.

1,492
1,500
1,530
1,297
1 183

Dec.

1,575
1,636
1,719

Dec.

Aug

Nov

Dec

2
9
16
23
30
6
13
20
27
4
11
18
25

2
9
16
23
30

For notes see following page.

Digitized for FRASER


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

1012

6
132. .
13 2 .
20
27

1
8
15
22
29

I All

\ 345

3
10..
17
24.
31

5
12
19
26...

...
. .

7
14.... .
21. ..
28

2,776
2,862
2,924
3,020
3,134

3,688

4, in

3,999
4,276
3,786
4,296
4,349
4,183
4,036

INTERNATIONAL FINANCE
15.15 LIABILITIES OF U.S. BANKS TO THEIR FOREIGN BRANCHES, 1962-70Continued
[In millions of dollars]
Wednesday

Amount

Wednesday

1967

Amount

Wednesday

Amount

Wednesday

1969

1968

Amount

1970

Jan.

4
11
18
25

3,702
3 924
3,683
3,653

Jan.

3 22
3
10
17
24
31

4,157
4,092
4,289
4,367
4,516
4,261

Jan.

1
8
15
22
29

6,039
7 485
8,083
8,536
8 545

Jan.

7
14
21
28

13,456
13 982
13 762
13,605

Feb.

1
8
15
22

3,217
3 , 422
3 376
3,255

Feb.

7 .
14
21
28 .

4,352
4,474
4,739
4,530

Feb.

5
12
19
26

8,533
8,273
8 531
8,822

Feb.

4
11
18
25

13 470
13,247
12 977
13,086

Mar. 1
8
15
22 . .
29

3,382
3,462
3 367
3,372
3,412

Mar. 6
13
20
27

4,513
4,805
4,430
4,920

Mar.

5
12
19
26

9,113
9,382
9 720
9,621

Mar. 4
11
18
25

12 350
12,386
12 419
11,885

Apr.

5
12
19
26

3,201
3 064
3,137
3,047

Apr.

4,768
4,606
4,845
5,020

Apr.

2
9
16
23
30

9,206
9 511
9,694
10,281
9,405

Apr.

1
8
15
22
29

11,748
11 800
11,525
11,518
11 944

May

3
10
17
24
31

2 843
2,789
2 950
3,254
2,776

May 1
8. .
15
22
29

4,784
5,235
5,419
5,929
5,872

May

7
14
21
28

9,975
9,545
10,095
9,868

May

6
13
20
27

11 954
11,653
11 998
12,346

June 7
14
21
28

3 059
2,991
3,215
3 166

June

5
12
19
26

6 027
6,235
6,137
6,202

June 4
11
18
25

10 808
11,852
13,057
1 3 , 269

June 3
10
17
24

11 955
11 898
12,035
12 172

Julvy

5
12
19
26

3 078
3,304
3 558
3,660

July

3
10
17
24
31

6,780
6,871
6,618
6,625
6 126

July

2
9
16
23
30

12 826
13,833
14 261
14,369
14 434

July

11 407
11,498
11 517
11,235
10 469

Aug

2
9
16
23
30

3 370
3 669
3,877
4 031
3,976

Aug. 7
14
21
28

6,534
6,842
6,941
7,004

Aug. 6
13
20
27

14 177
14,304
14,776
14,658

Aug. 5
12 . . . .
19
26

10 337
10,283
10,319
10,629

Sept. 6
13
20
27

3,848
3 840
3 930
4,059

Sept.
4
P
11
18
25

6,954
7 351
7,578
7,104

Sept. 3
10
17 .
24

14,571
14 919
14,592
14,349

Sept. 2
9
16
23
30

10,332
10 220
10,525
10,126
9,663

Oct

4 047
4,293
4,235
4,322

Oct.

2
9
16
23
30

6,849
6,856
7,222
7,437
7,041

Oct.

14 118
14,628
15 005
14,336
13 648

Oct.

4,320
4 560
4 623
4,864
4,206

Nov. 6
13
20
27

6,931
7,148
7,357
7,170

Nov. 5
12
19
26

14,415
14,350
14 906
14,574

Nov. 4
11 .
18
25

9,024
8,892
8 766
8,435

4 480
4,634
4 365
4,241

Dec. 4
U
18
25

6 883
7,356
7,232
6,948

Dec.

14 490
14,398
14 339
14,212
12,805

Dec.

8 252
8,215
8 305
7,902
7,676

4
11
18. ...
25

Nov. 1 . .
8
15
22
29
Dec

6
13
20
27

... .
. . .

3
10
17 .
24

. . .

1
Not available.
2 Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable with those
shown for the preceding date; figures on the second line are comparable
with those shown for the following date.

Digitized for FRASER


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

1013

1
8
15
22
29

3
10
17
24
31

. . . .

1
8
15
22
29

7
14
21
28

2
9
16
23
30

...
. . .

9,830
9,589
9,595
9 297

NOTE.Data represent gross liabilities of reporting banks to their


branches in foreign countries.

15.16 DEPOSITS, U.S. GOVERNMENT SECURITIES, AND GOLD HELD AT FEDERAL RESERVE BANKS
FOR FOREIGNERS, END OF YEAR, 1945-51; END OF MONTH, 1952-70
[In millions of dollars]

Deposits

U.S. Govt.l Earmarked


securities
gold

1945.
1946
1947
1948

862
508
392
642

1 654
969
187
594

4,294
3' 828
3^618
3,778

1949
1950
1951

767
895
526

669
1 571
1,383

4 273
5*626
5 1 008

1952 Jan
Feb
Mar. . . .
Apr
May....
June
July....
Aug. . . .
Sept
Oct
Nov. . . .
Dec

446
577
555
518
599
548
724
812
707
642
758
550

1,437
1,477
1,539
1,663
1,691
1,757
1,972
2,106
2,236
2,301
2,225
2,156

4,871
4,719
4,822
4,897
4,870
4,851
4,882
4,915
4,928
5,021
5,050
5,313

1953 Jan
Feb
Mar. . . .
Apr. . , .
May....
June. . . .
July....
Aug.. . ,
Sept
Oct
Nov. . . .
Dec

586
511
536
506
515
527
566
524
512
448
417
423

2,182
2,170
2,246
2,425
2,455
2,449
2,378
2,588
2,641
2,674
2,694
2,586

5,485
5,809
5,915
5,932
5,981
6,050
6,221
6,300
6,355
6,427
6,463
6,484

1954 Jan
Feb
Mar. . . .
Apr
May... .
June... .
July
Aug. . . .
Sept. . . .
Oct
Nov. . . .
Dec

440
490
494
471
527
545
533
477
461
426
397
490

2,632
2,716
2,784
2,840
2,969
2,900
3,033
2,989
3,013
3,050
3,002
2,908

6,527
6,537
6,539
6,502
6,550
6,567
6,639
6,705
6,739
6,774
6,811
6,809

1955=Jan
Feb
Mar. . . .
Apr
May....
June
July
Aug.. . .
Sept
Oct
Nov....
Dec

441
320
351
360
402
374
410
387
385
402
408
402

3,000
2,966
3,062
3,137
3,264
3,295
3,288
3,373
3,463
3,506
3,558
3,543

6,819
6,819
6,847
6,889
6,890
6,891
6,891
6,894
6,883
6,890
6,918
6,941

1956 Jan
Feb
Mar....
Apr
May, . . .
June. . . .
July. . . .
Aug.. . .
Sept
Oct
Nov....
Dec

355
363
354
330
307
297
308
350
334
275
356
322

3,724
3,793
3,791
3,717
3,751
3,629
3,663
3,630
3,723
3,782
3,553
3,856

6,950
6,965
6,968
6,951
6,949
6,919
6,876
6,832
6,745
6,680
6,674
6,623

1957Jan
Feb
Mar. . . .
Apr
May... .
June.. . .
July....
Aug.. . .
Sept
Oct
Nov....
Dec

344
327
311
316
360
449
364
342
337
378
283
356

3,707
3,671
3,744
3,727
3,600
3,685
3,730
3,523
3,421
3,774
3,787
3,729

6,327
6,299
6,283
6,289
6,003
6,009
6,010
6,022
6,031
5,994
6,025
6,023

End of
period

Deposits

U.S. Govt.l Earmarked


gold
securities

End of
period

1958 Jan
Feb.
Mar....
Apr
May'.'.'.
June .
July. . '. .
Aug
Sept. . . .
Oct....
Nov....
Dec....

249
265
266
257
234
269
288
313
258
288
226
272

3 755
3*552
3,315
3 068
3,037
2,974
3' 167
3,344
3,609
3,777
3,822
3,695

6,060
6 228
6,480
6 951
7,306
7,591
7 756
7,952
8,172
8,361
8,458
8,538

1959 Jan
Feb. . . .
Mar....
Apr....
May...
June.. .
July....
Aug
Sept
Oct....
Nov....
Dec....

274
310
307
266
291
294
278
252
312
284
332
345

3,681
3,857
3,593
3,559
3,750
3,900
4,131
4,286
4,346
4,409
4,396
4,477

8,603
8,616
8,664
8,792
8,928
9,420
9,518
9,694
9,730
9,678
9,749
9,861

1960 Jan
Feb. . . .
Mar. . . ,
Apr. . . .
May. . .
June . . .
July....
Aug
Sept
Oct. . . .
Nov....
Dec. . . .

249
191
184
194
215
254
215
204
223
251
252
217

4,444
4,707
4,728
4,818
4,841
4,977
5,272
5,423
5,479
5,634
5,430
5,726

9,873
9,894
9,908
9,979
9,993
10,095
10,317
10,469
10,788
11,186
11,698
11,843

1961 Jan
Feb....
Mar....
Apr. . . .
May . . .
June. . .
July. . . .
Aug.. . .
Sept
Oct
Nov....
Dec,...

238
207
271
230
210
220
226
270
312
249
198
279

5,793
5,879
5,935
5,634
5,637
5,723
5,660
5,903
6,036
5,988
5,793
6,006

1962 Jan
Feb. . . .
Mar..,.
Apr:. . .
May...
June . , .
July. . . .
Aug
Sept
Oct. . . .
Nov. . . .
Dec....

229
204
221
230
223
334
248
168
229
182
202
247

5,403
5,432
5,762
5,551
5,754
6,228
6,026
6,407
6,767
7,137
7,132
6,990

1963Jan
Feb. . . .
Mar. . . .
Apr. . . .
May...
June . . .
July... .
Aug. . . ,
Sept
Oct. . . .
Nov. . . .
Dec. . . .

197
192
201
160
171
175
182
177
174
175
165
171

7,033
7,079
7,277
7,478
7,886
7,957
7,733
7,856
7,945
8,241
8,343
8,675

1964 Jan
Feb. . . .
Mar....
Apr. . . .
May...
June . . .

136
155
167
166
161
156

8,740
8,731
8,105
7,860
7,892
8,043

12,165
12,162
12,001
11,909
11,757
11,503
1 1 , 506
11,529 1968 Jan
11,525
Feb....
Mar...,
1 1 , 568
Apr....
11,840
11,905
May...
June . . .
11,969
July....
12,006
Aug. . . .
Sept. . . .
12,148
12,230
Oct....
12,308
Nov....
12,368
Dec....
12,678
12,689 1969 Jan
Feb. . . .
12,687
12,706
Mar....
12,680
12,700
May. . .
June . . .
12,789
July....
12,836
Aug
12,789
Sept
12,815
Oct....
Nov....
12,878
12,917
Dec. . . .
13,086
13,129 1970 Jan
13,132
Feb. . . .
13,025
Mar....
Apr....
13,048
12,954
May. . .
June. . .
12,899
July,...
12,884
Aug. . . .
12,775
Sept....
12,726
Oct....
Nov. . . .
12,747
12,795
Dec....

1
Marketable U.S. Treasury bills, certificates of indebtedness, notes,
and bonds and nonmarkctable U.S. Treasury securities payable in dollars
and in foreign currencies.

Digitized for FRASER


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

Assets in custody

Assets in custody

Assets in custody
End of
period

Deposits

U.S. Govt.l Earmarked


gold
securities

!964 July..
Aug.. .
Sept....
Oct.
Nov....
Dec

135
163
148
120
256
229

8,201
8,247
8,373
3,201
8,278
8 , 389

12 752
12 741
12,738
12 707
12,672
12,698

1965 Jan
Feb....
Mar....
Apr....
May...
June . . .
July. . . .
Aug
Sept. . . .
Oct....
Nov....
Dec. . . .

143
154
162
146
142
179
147
356
213
144
149
150

7,952
MOO
7,741
7,626
7,713
7,599
7,221
7,264
7,805
7,974
8,171
8,272

12,871
12,940
13,187
13,174
13,050
12,951
13,108
13,065
12,923
12,905
12,824
12,896

1966 Jan
Feb....
Mar....
Apr....
May...
June . . .
July....
Aug
Sept
Oct....
Nov....
Dec. . . .

283
140
329
192
263
313
548
170
159
194
196
174

7,974
7 850
7 617
7,455
7,631
7,517
7,307
7,042
7,092
7,336
7,450
7,036

12,933
12,964
12,944
13,001
12,975
12,955
13,016
13,066
12,904
12,876
12,912
12,946

1967 Jan
Feb....
Mar....
Apr. . . .
May . . .
June. . .
July....
Aug
Sept. . . .
Oct....
Nov....
Dec. . . .

148
145
131
123
193
147
117
144
117
135
168
135

7,141
7,334
7,,547
7,1)12
7,799
7,667
7, (165
7,535
7,558
7,861
9,456
9,223

12,961
12,984
12,972
12,975
12,972
12,977
12,976
12,993
12,992
13,000
13,032
13,253

160
192
197
140
422
153
202
127
192
100
220
216

8,861
8,922
8,418
8,763
8,328
7,676
7,609
7,590
7,777
7,956
9,673
9,120

13,201
13,232
13,466
13,614
13,645
13,232
13,281
13,357
13,187
13,151
13,059
13,066

126
121
164
130
107
155
158
143
143
131
130
134

7,893
8,062
8,012
8,526
10,035
7,710
7,41!?
8,058
9,252
8,447
7,533
7,030

13,132
13,160
13,176
13,128
13,037
13,039
13,050
13,033
13,004
12,979
12,998
12,311

152
313
200
204
128
168
199
173
136
142
136
148

7,374
8,219
9,118
9,154
9,754
10,888
11,803
12,489 i
13,983
14,458
16,196
16,226

12,291
12,268
12,270
12,272
12,239
12,240
12,217
12,283
12,611
12,617
12,644
12,926

NOTE.Excludes deposits and U.S. Government securities held for


international and regional organizations. Earmarked gold is t;old held for
foreign and international accounts and is not included in the gold stock
of the United States.

1014

INTERNATIONAL FINANCE
15.17 SHORT-TERM LIQUID CLAIMS ON FOREIGNERS REPORTED
BY NONBANKING CONCERNS, END OF YEAR 1966-67; END OF MONTH, 1968-70
[In millions of dollars]
Payable in foreign currencies

Payable in dollars
End of period

Total

Deposits

Short-term
investments l

Deposits

Short-term
investments 1

United
Kingdom

Canada

973
1,163

757
852

48
133

109
129

59
49

441
621

301
309

,142
,269
,425

887
1,014
1,146

84
79
104

122
126
119

50
51
56

609
740
851

279
268
282

,490
,724
,850

1,213
1,449
1,539

104
100
114

129
137
134

44
38
63

910
1,131
1,222

276
290
327

,837
,996
,835

1,537
1,704
1,410

124
116
90

131
132
298

45
44
37

1,236
1,377
1,183

286
281
241

,768
,829
,638

1,393
1,398
1,219

95
106
87

229
265
272

51
60
60

1,134
1,155
979

242
261
280

,785
,867
,891

1,350
1,388
1,387

110
128
111

245
243
261

79
108
132

1,076
1,099
1,078

342
411
312

,867
,982
,820

1,353
1,415
1,256

125
104
123

268
347
347

121
116
93

1,049
1,047
983

468
527
453

July
Aug.
Sept

,812
,732
,626

1,266
1,244
1,132

113
96
100

313
293
303

120
99
90

1,014
993
941

450
410
360

Oct
Nov..
Dec. 2

,676
,715
/ ,319*
\ ,491

1,234
1,252
952
1,062

97
105
116
161

279
280
174
183

65
78
76
86

981
1,000
610
663

385
411
469
534

,618
,612
1,482

1,210
1,195
1,086

183
193
186

148
144
146

76
80
63

916
951
863

462
388
320

Apr
May
June

1,479
1,503
1,576.

1,093
1,055
1,121

178
200
194

142
138
148

66
109
112

892
839
810

289
352
381

July
Aug.
Sept.

1,526
1,384
1,481

1,096
959
977

197
180
201

159
151
177

74
94
126

809
708
713

333
326
407

Oct.
Nov
Dec.

1,523
1,532
1,141

984
1,002
697

203
189
150

177
175
173

159
166
121

686
664
372

462
493
436

1966
1967
1968 Jan..
Feb
Mar

May. . . .
June
July
Aug.
Sept

. .

Oct.
Nov. .
Dec
1969 Jan
Feb
Mar.

Apr.
May
June . .

. . .

1970Jan.
Feb. . .
Mar

1 Negotiable and other readily transferable foreign obligations payable


on demand or having a contractual maturity of not more than 1 year
from the date on which the obligation was incurred by the foreigner.
2 Data on the two lines for this date differ because of changes in reporting coverage. Figures on the first line are comparable in coverage with
those shown for the preceding date; figures on the second line are comparable with those shown for the following date.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1015

NOTE.Data represent the liquid assets abroad of large nonbanking


concerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and are
included in the figures shown in Table 15.18.

15.18 SHORT-TERM LIABILITIES TO AND CLAIMS ON FOREIGNERS REPORTED BY


NONBANKING CONCERNS, BY TYPE, END OF YEAR, 1946-60;
END OF QUARTER, 1961-70
[In millions of dollars]
Liabilities

End of period

Total

Payable
in
dollars

Claims

Payable
in
foreign
currencies

Total

Payable
in
dollars

Payable in foreign
currencies
Deposits with
banks abroad
in reporter's
name

Other

233
263
260
203
319

185
204
197
151
286

49
59
63
51
32

330
408
393
354
442

231
301
282
266
329

52
53
58
56
86

47
54
52
32
28

360
405
356
309
343

324
369
300
253
295

36
36
56
56
48

498
495
493
588
616

384
383
369
426
480

76
81
89
111
82

37
31
35
51
55

403
491
440
581
1485
\507

341
428
368
512
424
437

62
62
71
69
61
70

747
777
720
705
1,432
1,505

614
637
568
605
824
875

71
78
88
68
58
71

61
63
63
32
549
560

Sept.1
Dec.

583
600
673
684
672
676
678

510
524
563
572
582
587
569

73
76
111
113
89
89
109

1,248
1,305
1,496
1,528
1,646
1,664
1,636

939
968
1,181
1,208
1,323
1,340
1,335

76
89
122
126
131
132
150

233
248
193
194
192
192
151

1962 Mar x
June
Sept,
Dec.1

675
/616
\665
678
(637
\644

577
518
551
554
508
513

98
99
114
123
129
130

1,780
1,776
1,974
2,136
2,051
2,098

1,461
1,449
1,598
1,685
1,625
1,668

144
178
208
197
214
217

175
149
168
254
212
212

1963 Mar. i
June
Sept.
Dec. i

/614
\616
674
691
/626
\626

470
472
529
552
478
479

144
144
146
139
148
148

2,113
2,162
2,282
2,257
2,131
2,188

1,712
,758
,877
,830
,739
,778

201
204
222
225
201
199

200
200
183
202
191
211

1964 Mar
June 1
Sept.
Dec.1

631
(622
\585
650
(695
\700

475
471
441
498
553
556

156
151
144
152
141
144

2,407
2,482
2,430
2,719
2,776
2,853

1,887
2,000
1,952
2,168
2,306
2,338

239
220
219
249
189
205

282
262
260
302
281
310

1965 Mar.
June
Sept.
Dec.1

695
740
779
(807
\810

531
568
585
600
600

165
172
195
207
210

2,612
2,411
2,406
2,397
2,299

2,147
1,966
1,949
2,000
1,911

189
198
190
167
166

277
248
267
229
222

849
891
1,003
1,089

614
654
760
827

235
237
243
262

2,473
2,468
2,536
2,624

2,033
2,062
2,143
2,222

211
191
166
165

229
215
227
236

1,148
1,203
1,353
/ I , 371
\1,386

864
916
1,029
1,027
1,039

285
287
324
343
347

2,689
2,585
2,555
2,946
3,011

2,245
2,110
2,116
2,529
2,599

192
199
192
201
203

252
275
246
216
209

1968Mar.
June
Sept. . .
Dec.

1,358
1,473
1,678
1,608

991
1,056
1,271
1,225

367
417
407
382

3,369
3,855
3,907
3,783

2,936
3,415
3,292
3,173

211
210
422
368

222
229
193
241

1969 Mar
June . . .
Sept.
Dec.1

1,576
1,613
1,797
/1.786
(2,124

1,185
1,263
1,450
1,399
1,654

391
350
346
387
471

4,014
4,023
3,874
3,710
4,159

3,329
3,316
3,222
3,124
3,532

358
429
386
221
244

327
278
267
365
383

1970Mar.
June .
Sept. .
Dec.

2,234
2,387
2,512
2,655

1,724
1,843
1,956
2,159

510
543
557
496

4,275
4,457
4,361
4,160

3,738
3,868
3,756
3,579

219
234
301
234

318
355
305
348

1946
1947
1948
1949
1950
1951
1952
1953
1954
1955

....

. .

1956
1957
1958
1959
I960 '
1961 Mar.1
June i

1966 Mar.
June
Sept.
Dec. . . .

1967 Mar.
June
Sept.
Dec.1

1
Data on the two lines shown for this date differ because of changes in reporting coverage. Figures on the first line are
comparable with those shown for the preceding date; figures on the second line are comparable with those shown for the
following date.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1016

INTERNATIONAL FINANCE
15.19 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70
[In millions of dollars]
Area and country
Europe:
Austria
Belgium
Denmark. .
Finland. . . .
France

. , .,

Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other ...
Total
Canada
...

1951

1950

1954

1953

1952

1955

1956

1957

1959

1958

1960 1 i

1
33

1
14
1
1
21

3
11
2
1
17

2
9
3
1
15

1
9
5
2
15

4
11
3
2
18

3
12
7
2
21

2
13
4
1
21

3
10
7
1
21

4
10
9
3
24

7
12
12
2
37

3
2
11
5
2

5
3
14
4
2

7
4
16
11
2

10
4
17
11
2

8
2
15
15
2

11
3
17
15
2

20
2
23
20
4

30
3
29
25
3

25
5
29
26
5

21
3
31
23
7

31
2
26
16
4

34
2
24
16
6

1
2
3
5

2
4
3
4
4

2
6
4
5
6

2
3
4
4
9

2
3
4
4
10

4
7
19
15

1
11
6
6
20

1
14
9
9
18

2
10
13
7
22

3
10
25
5
25

2
11
22
13
13

3
11
26
17
7

28
3
5

60
1
13

49
4
4

42
9
4

53
4
3

77
7
2

61
4
3

54
3
21

55
1
6

62
1
4

50
4

639
1
4

93

166

158

154

155

211

219

264

248

262

247

861

54

68

82

86

91

86

98

108

112

101

101

166

19
2
49
7
10
11

13

12
12

15
2
38
11
12
17

13
2
51
12
10
17

10

35

28
10
13
12

16
1
50
11
18
15

11
3
37
11
19
16

9
3
59
12
20
22

11
3
68
10
10
25

13
2
62
8
6
24

25
3
54
10
7
27

20
3
76
11
11
8

2
2
2
32
1

2
2
2
19
1

2
2
2
25
1

2
2
2
27

3
2
3
28

3
3
5
30
1

5
2
5
33
1

4
2
5
36
1

3
1
4
27
1

3
2
4
36
2

(2)

Germany . . . . .
Greece
Italy
Netherlands.
Norway

Latin America :
Argentina . .
Bolivia
Brazil
Chile.
Colombia
Cuba

1949

5
2
1
7

2
10

Dominican Republic
El Salvador. .
Guatemala
Mexico
Neth. Antilles and Surinam. . .

(2)
2

tt1

2
1
2
23
1

Panama
Peru
Uruguay. .
Venezuela
Other . . .

3
3
()
12
19

3
8
7
14
g

3
8
7
15
10

6
7
8
15
9

4
9
5
19
11

4
8
6
21
14

5
12
5
22
15

5
15
6
29
16

12
19
6
46
19

3
13
5
33
15

11
8
2
34
15

7
8
3
33
19

155

150

176

177

155

198

194

237

275

234

233

245

10
1
6
1

8
1
4
1
1
4

8
1
4
4
1
12

8
1
4
3
1
10

5
3
2
7

8
1
6
3
3
7

8
1
8
4
6
11

8
2
6
2
4
8

8
2
6
1
9
4

2
5
2
7
11

2
12
1
8
11

3
5
3
5

6
6
2
11

13
6
1
10

13
5
3
14

15
5
6
11

16
8
7
14

28
9
9
17

42
7
8
19

37
9
4
15

31
10
3
15

45
7
4
21

35

36

49

56

65

63

73

102

107

95

86

111

8
1
1
4
8

15
2
3
5
7

9
2
2
3
6

8
3
2
6
7

11
2
3
6
8

10
2
4
8
9

10
3
3
8
11

12
2
3
7
12

8
2
2
7
10

16

21
3
6
6
13

Total
Asia:
China Mainland B
Hong Kong
India
Indonesia
Iran. . . .
Israel

....

Japan
Philippines
Thailand....
Other 3
Total.
All other:
Australia
Congo (Kinshasa)
U.A.R. (Egypt)
South Africa
Other
Total
Total foreign countries

(2)
(2)

2
7
(2)

(2)

1
4
8

7
3

17

23

33

22

26

29

33

35

36

28

38

49

354

442

498

495

493

588

618

747

777

720

705

1,432

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

3
6
10

1017

INTERNATIONAL FINANCE
15 19 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]

1960
Area and country

Europe :
Austria
Belgium ,
Denmark
Finland
France
Germany
Greece
Italy
Netherlands

Dec.
II i

.. .

1961
Mar.
HI

Mar.
Ii

June
I'

June
Hi

1962
Sept.
Ii

Sept.
Hi

Mar.

Dee.

June
I*

8
12
12
2
39
39
2
28
17

5
U
12
2
44
37
2
31
16

5
11
12
2
44
40
2
32
17

4
35
5
2
40
68
3
35
22

5
35
5
2
40
68
3
36
22

4
17
6
2
36
74
2
34
23

4
17
6
2
37
76
2
34
23

4
25
7
2
46
78
3
47
28

3
26
6
2
46
101
3
51
35

3
11
26
IS
7
642
1

4
7
26
23
5
277
2

4
7
26
25
5
278

3
10
19
19
5
224
2

4
10
19
19
5
225

6
9
18
15
5
187
2

6
9
19
16
5
188
2

5
12
19
17
6
198
2

7
12
21
27
5
193
2

4
22
7
2
37
118
4
60
43
12
7
14
22
23
4
165
2

June
Hi

Sept,

Dec.
Ii

5
25
8
1
43
130
4
67
47

4
27
6
4
49
106
6
62
37

6
24
8
3
51
116
5
75
31

7
16
23
26
5
178

6
15
25
33
6
245
2

6
20
15
28
4
227
3
1
7

878

514

525

505

509

454

460

515

558

551

609

653

636

193

308

340

540

558

653

655

607

688

678

724

824

731

Latin America:
Argentina
Brazil
Chile
Colombia

20
78
12
12

25
60
14
13

26
61
15
14

29
73
18
13

30
74
18
13

31
91
16
14

32
91
17
14

36
64
19
13

36
60
21
13

34
59
21
14

36
68
24
16

32
90
25
17

33
106
25
15

Mexico
Panama . .
Peru

39
7
9

45
9
9

47
9
10

42
7
11

44
7
12

47
6
18

49
6
18

41
9
16

42
9
14

41
10
12

52
11
14

53
10
23

56
13
20

Venezuela
Neth. Antilles and Surinam
Other

34
2
31

36
2
35

38
2
36

35
2
39

36
2
39

57
2
58

58

44
2
38

44
2
43

38
46

44
3
56

38

59

61

33
6
63

254

258

268

279

286

350

356

294

293

288

336

362

381

2
15

3
10

3
11

3
11

3
11

3
13

3
13

4
12

4
15

3
24

3
44

4
34

4
38

11
54
1
9
1
4
28

7
51

g
52
1
9
3
3
27

8
55
1
7
2
3
25

8
56
1
7
2
3
25

8
63
1
7
2
3
25

8
63
1
7
2

10
80
1
8
7

11
100

10
96
3
10
4

14
101
3
11
5

12
112
3
10
3

10
118
4
11
3

26

28

30

37

40

36

33

155

176

192

228

220

229

Portugal
Spain
Sweden.
Switzerland
Turkey
United Kingdom
Yugoslavia
U.S.S.R
Other

....

. ..

Total
Canada . . , ,

f"\iVti

Total
Asia:
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other

.
.

Total . . .
Africa:
Congo (Kinshasa). . . .
South Africa
U A R (Egypt)
Other *

g
3
3
26

5
3

128

118

120

117

118

127

129

3
7
7
15

2
9
7
12

2
9
7
13

2
11
7
16

2
11
7
16

2
10
11
19

2
10
11
19

2
10
10
18

3
8
15
14

2
9
15
17

3
10
17
22

3
10
13
26

3
10
10
25

Total

32

31

31

37

37

41

41

39

39

43

52

52

49

Other countries:
Australia
All other

22

19

20

19

19

21

22

25

25

23

25

24

24

Total

.. 22

19

20

19

19

21

22

25

25

23

25

24

24

1,248

1,305

1,646

1,664

1,636

International and regional


Grand total

1,505

1,496

1,528

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1018

1,780

1,776

1,974

2,136

2,051

INTERNATIONAL FINANCE
15 19 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]
19 63

1962
Area and country

Europe:
Austria
Belgium
Denmark , ,
Finland
France
Germany, .
Greece
Italy
Netherlands .
Norway
Portugal
Spain. . .
Sweden
Switzerland
Turkey . .
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe

Dec. II i Mar. I i Mar. II i

....

....

..
....

Total
Canada
Latin America:
Argentina
Brazil
....
Chile
Colombia . . . .
Cuba
Mexico
Panama
Peru
Uruguay . . . .
Venezuela
Other L.A. republics
Bahamas and Bermuda . . . .
Neth. Antilles and Surinam. . .
Other Latin America
Total . ,
Asia:
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. . .
Taiwan
Thailand .
Other
Total .
Africa:
Congo (Kinshasa)
South Africa
U.A.R. (Egypt)
Other

, ..

Total
Other countries:
Australia
All other

. , .

Total

Sept.

June

June I 1 June II i

Mar.

Sept.

Dec. I *

7
18
6
7
52
114
13
101
34
6
8
32
20
23
5
248
4
5

8
22
8
4
47
103
9
106
32
7
8
29
17
27
5
241
3
4
1
3

650

678

685

706

731

714

832

822

918

887

685

732

910

932

923

1,032

1,057

28
112
23
22
6
53
13
19
4
38
40

10

25
113
25
21
5
60
13
22
5
36
39
10
5
11

23
118
24
21
5
59
10
23
5
37
42
20
5
10

20
126
23
23
5
62
10
23
6
40
45
21
5
11

20
125
21
22

25
113
25
19
5
60
13
22
4
36
39
10

962

30
103
26
20
6
56
14
19
5
37
38
10
9
11

26
128
25
25
4
64
9
23
8
45
47
19
4
10

30
145
25
25
4
69
12
26
10
46
51
11
4
10

380

381

382

388

387

390

403

422

404

438

468

10
121
4
11
3
5
33

4
50
3
7
122
4
10
5
, 5
39

4
50
3
7
126
4
10
5
5
39

3
49
4
7
140
4
11
6
5
44

4
42
7
7
130
4
11
3
4
42

4
42
10
7
161
6
9
4
11
41

4
42
10
7
161
6
9
4
11
41

6
39
5
7
170
5
12
3
7
46

5
39
5
8
161
4
11
4
7
53

5
38
5
7
160
4
11
4
7
51

7
37
4
7
174
5
14
5
7
55

9
41
4
7
180
4
11
5
5
60

234

249

253

273

254

295

295

300

298

294

315

327

3
10
10
*26

3
9
12
*27

3
9
12
* 27

2
8
15
16

2
9
12
19

3
9
11
20

3
9
11
20

2
8
14
24

2
13
13
27

2
12
13
26

5
11
12
29

6
11
13
27

50

51

51

41

42

43

43

50

55

53

57

57

24
(5)

26
(5)

26
(5)

28
8

28
7

32
9

32
9

33
5

37
6

36
6

38
7

38
7

24

26

26

35

35

42

42

38

43

41

45

45

2,113

2,162

2,282

2,257

2,131

2,407

2,482

2,430

2,719

2,776

5
24
6
4
59
114
6
82
24
6
8
25
17
28
6
196
3

72

72

652

616

620

629

752

789

830

34
106
25
15
6
57
13
20
6
33

31
108
25
17
6
58
13
14
7
33
8

31
108
25
18
6
58
13
14
7
33

6
963

962

385
4
39

(8)
(')

2,098

C)
(')

5
27
7
3
50
106
6
89
28
5
7
23
20
35
7
201
3

6
26
5
3
48
106
7
102
24
6
7
26
19
30
6
218
3
4

64

(8)
(')

10
8

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Dec. I * Dec. II *

8
22
8
4
47
103
9
106
32
7
8
29
17
27
5
234
3
4
1
3

5
24
6
4
59
114
6
82
24
6
8
25
17
28
6
192
3
4
1
7
2

6
24
g
3
51
117
5
78
31
7
6
20
15
28
4
238
3
5
1

International and regional


Grand total

1964

1019

2,188

6
21
7
5
69
82
9
101
30
7
10
47
17
19
5
284
3
6

5
20
7
5
67
79
9
99
30
6
10
46
17
17
5
280
3
6

58
10
22
6
38
42
20

5
17
6
8
50
95
10
90
32
7
9
45
19
16
4
407
3
6

7
19
6
7
61
140
10
95
31
8
4
42
19
22
9
329
3
9

INTERNATIONAL FINANCE
15.19

SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS,


BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]

Dec. II i
Europe :
Austria
Belgium
Denmark
Finland
France
Germany
.,
., ,.
Greece
Italy
Netherlands
Norway
Portugal . . .
Spain
. ,,
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia .
Other Western Europe. .
USSR
Other Eastern Europe

7
19
6
7
61
140
10
95
31
8
4
42
19
22
9
330
3
9
2
824

Total

19 66

1965

1964
Area and country

Mar.

7
16
9
6
69
114
7
84
29
6
8
39
21
29
12
365
6
7
1
3
838

Sept.

June

5
16
II
6
71
118
8
81
31
7
10
33
23
41
8
294
5
8

Dec. I l Dec. II l

Mar.

19 67

Sept.

June

Dec.

Mar.

June

7
42
10
4
102
120
15
107
42
9
6
51
27
22
6
599
4
9

7
45
8
6
94
98
18
111
42
7
8
63
30
20
6
492
2
9
1
5

9
39
10
5
102
121
IB
80
47
7
7
62
18
24
8
577
3
13
1
4

1,047

1,070

1,185

1,209

1,293

1,155

599

566

550

509

489

482

494

31
93
30
19
3
76
13
28
8
49
55
8
4
9

34
80
31
21
3
74
11
30
7
52
56
12
4
9

35
78
31
22
3
79
13
28
5
49
55
8
3
9

39
65
32
25
3
95
12
31
7
62
60
IB
4
10

39
61
30
24
2
96
11
31
7
56
62
12
5
9

35
60
31
24
2
125
10
29
9
53
56
21
5
10

6
39
9
6
82
112
13
77
41
8
5
50
20
27
8
312
2
8
1
2

6
45
9
6
82
112
13
77
41
8
5
50
20
27
7
323
2
8
1
2

8
46
8
6
97
118
11
118
48
8
9
56
28
20
10
440
2
9

6
20
11
6
81
105
10
76
30
7
7
48
20
40
8
310
5
8
1
2

778

797

828

842

685

8
53
14
4
110
123 1
15
101
4B
8
7 1
61
36 !
18
6
579
4
11

8 !
63
11
4
121
119
17
98
45
7
6
76
18
26
7
646
4
12

1,126

904

774

753

30
145
25
25
4
76
12
26
10
46
51
11
4
10

33
113
25
26
4
75
11
21
9
40
49
8
3
9

29
93
27
22
4
76
9
27
11
43
53
9
3
9

37
91
30
21
4
71
12
26
11
47
53
5
10

32
94
31
20
3
82
13
29
8
50
59
8
4
9

475

426

416

422

442

429

424

418

422

463

445

470

9
41
4
7
180
4
11
5
5
60

9
45
5
6
181
5
15
5
7
62

8
41
6
7
172
6
14
7
7
66

8
36
4
5
168
14
14
5
7
68

7
37
3
6
170
13
17
6
6
67

7
36
3
6
162
13
17
5
6
66

5
35
3
5
172
6
16
6
8
76

7
29
3
4
155
4
18
4
9
76

6
32
3
5
146
5
17
5
11
69

7
34
7
5
164
5
17
7
11
75

7
33
5
5
163
7
17
12
10
88

9
35
5
4
179
6
23
10
8
79

327

339

332

328

331

320

331

309

299

331

346

357

6
11
13
27

2
19
17
24

3
24
12
29

1
23
14
28

2
20
10
30

2
20
10
30

2
18
11
27

1
18
17
30

2
17
11
30

2
24
11
32

2
16
9
35

2
16
7
32

Total.

57

63

68

66

61

61

58

66

59

69

62

58

Other countries:
Australia . . .
Allother....

38
7

33
8

36
7

33
7

40
8

40
8

40
7

45
10

57
7

58
8

54
8

44
6

Total .

45

41

43

40

49

48

47

55

63

66

61

50

Canada
Latin America:
Argentina
Brazil
...
.
Chile
Colombia . ,
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other L.A. republics . . .
Bahamas and Bermuda.
Neth. Antilles and Surinam. . .
Other Latin America
Total
Asia:
Hong Kong
India
Indonesia ... . .
Israel
Japan
..
Korea
Philippines . .
Taiwan
Thailand
Other
Total .

Africa:
Congo (Kinshasa)
South Africa . ,
U.A R. (Egypt)
Other

International and regional


Grand total

2,853

2,612

2,411

2,406

2,397

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1020

2,299

2,473

2.46F

37
73
31
21
3
78
12
28
6 j
49
59
11
4
11

2,539

2,628

2,68<T

T.ssr

INTERNATIONAL FINANCE
15.19 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]

Area and country

Europe:
Austria
Belgium-Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
.
.
.
Netherlands
Norway
Portugal
Spain
. . .
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia. .
,
Other Western Europe
USSR
Other Eastern Europe

Dec. I !Dec. II i

Sept.

19 69

19 68

1967
Mar.

June

Sept.

Dec.

Mar.

June

Sept.

6
54
9
9
136
127
24
119
86
10
8
72
26
32
9
1,537
6
13
2
8

6
68
10
9
157
174
26
130
67
10
8
76
26
71
7
1,450
4
15

5
47
12
9
145
204
27
124
54
10
7
71
26
39
6
1,221
7
16

5
51
12
7
162
193
24
148
62
14
11
81
26
44
14
1,234
14
17
2
10

5
58
13
6
149
166
26
160
59
12
15
74
24
37
10
1,199
15
16
3
7

5
53
15
6
114
192
18
143
45
15
10
71
27
33
11
929
18
10
3
16

Dec. 1 *

7
1045
9
6
99
111
20
93
45
g
6
77
20
24
7
542
3
13
1
3

8
1042
11
6
111
134
20
103
51
8
7
90
24
29
9
690
4
14
1
7

5
42
11
6
111
134
20
103
51
8
7
90
24
29'
9
774
4
14
7

17
53
10
7
128
128
20
111
78
10
6
88
26
31
9
1,115
6
12
2
8

5
60
12
6
140
143
22
119
59
12
7
85
25
49
13
1,306
8
17
3
9

1,138

1,369

1,449

1,865

2,292

2,318

2,039

2,100

2,131

2,053

1,732

Canada

461

545

547

501

559

501

540

730

713

625

728

Latin America :
Argentina . . . .
. .
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay , .
.
Venezuela
Other L.A. republics . .
Bahamas and Bermuda
Neth. Antilles and Surinam
Other Latin America

29
75
26
20
2
118
14
32
6
54
59
24
5
7

29
85
33
22
2
114
14
29
5
58
60
23
7
10

28
84
34
22
2
112
13
29
5
57
64
23
7
10

28
83
31
25
2
109
10
28
4
62
59
35
5
10

31
87
30
25
2
83
12
28
5
59
63
36
6
8

36
102
38
25
2
94
15
28
4
57
72
46
5
8

46
91
36
29
2
103
15
26
6
67
82
66
6
9

45
90
39
26
2
111
14
28
5
60
78
66
6
11

42
90
38
27
2
112
17
26
4
70
85
38
14

37
86
37
33
2
110
17
28
5
65
82
33
5
17

49
82
40
28
1
115
18
27
7
56
84
54
6
16

471

489

490

490

474

532

584

579

570

557

582

11
39
3
5
195
8
22
10
10
78

9
43
3
6
213
9
30
11
10
88

9
42
4
6
185
9
33
9
13
87

7
41
6
7
178
12
26
8
13
86

10
37
6
10
175
14
22
12
15
90

10
39
7
9
195
18
21
12
15
97

8
34
7
7
207
21
25
19
16
134

9
32
8
12
200
22
25
19
13
120

11
40
7
13
212
24
25
19
12
104

10
37
8
19
220
22
26
19
12
111

11
34
12
31
234
26
31
19
14
112

380

421

397

383

392

423

478

460

466

485

524

2
14
7
31

3
14
7
34

3
14
7
33

2
17
5
37

5
16
6
37

3
19
6
37

2
31
7
36

3
27
7
41

3
27
8
43

3
25
9
42

4
26
9
43

Total . .

...

...

Total
Asia:
Hong Kong
India
Indonesia
Israel
.
Japan
Korea
Philippines. , .
Taiwan
....
Thailand .
Other

....

...

Total
Africa:
Congo (Kinshasa)
South Africa
U A R (Egypt)
Other

.....
...

Total

54

58

56

61

64

65

76

78

81

80

80

Other countries:
Australia
All other

44
7

57
7

62
10

57
12

62
10

58
9

54
11

56
9

53
7

65
8

56
9

Total

50

64

72

69

72

68

65

65

60

73

64

3,855

3,907

3,783

4,014

4,023

3 t 874

International and regional


Grand total

1
2 555

2,946

3 Oil

3,369

For notes see following page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1021

3,710

INTERNATIONAL FINANCE

15J9 SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS,


BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]
1970

1969
Area and country

Mar.

June

Sept.

5
59
16
7
122
219
19
155
64
17
10
77
32
45
12
999
18
12
3
19

7
60
17
8
155
172
19
169
72
12
14
78
27
47
12
1,198
19
11
3
14

8
58
17
8
176
174
27
173
72
13
18
72
27
37
11
1,137
15
12
2
18

9
54
16
13
154
192
28
161
62
13
14
73
25
45
13
1,055
17
9
3
21

10
47
17
11
150
209
28
163
62
16
15
81
40
47
8
698
17
9
1
23

1,909

2,111

2,076

1,977

1,652

842

661

712

728

769

54
86
41
33

62
98
37
37
1
140
19
37
6
63
102
181
8
19

61
107
42
37
1
149
18
29
5
68
97
175
10
23

61
120
48
37
1
156
18
36
6
67
99
188
9
29

Dec. II *

Europe:
Austria
Belgium-Luxembourg
Denmark
Finland .
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland . . . .
Turkey
United Kingdom
Yugoslavia . . .
Other Western Europe
U.S.S.R.
Other Eastern Europe .
Total
Canada . .

Dec.

Latin America:
Argentina , .
....
Brazil
Chile . .
Colombia
.
Cuba
Mexico
Panama
,
Peru
Uruguay
Venezuela
Other L.A. republics
Bahamas and Bermuda
Neth. Antilles and Surinam. .
Other Latin America

148
19
30
7
56
90
87
6
17

55
96
41
36
1
148
19
34
8
68
92
105
7
25

Total . .

677

735

810

821

874

11
37
12
36
255
28
40
19
15
117

14
36
11
34
297
27
32
23
15
113

17
41
17
23
311
50
33
29
15
124

19
42
14
21
314
29
32
27
13
145

17
34
21
23
323
42
30
33
11
145

572

602

660

657

678

4
30
9
46

28
9
47

5
35
10
49

4
29
11
48

3
30
9
50

Asia:
Hong Kong, .
India
Indonesia
,
Israel
Japan. .
,
Korea
Philippines. .
Taiwan
Thailand
Other. .

....

Total
Africa:
Congo (Kinshasa)
South Africa
U.A.R. (Egypt)
Other

. .

Total

88

87

99

92

92

Other countries:
Australia
Atl other

60
10

64
13

84
14

70
15

80
15

Total

70

77

98

84

94

4,275

4,457

4,361

4,160

International and regional


Grand total

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

4,159

1022

1
Data in the two columns shown for this date differ because
of changes in reporting coverage. Figures in Column I are comparable with those shown for the preceding date; figures in
Column II are comparable with those shown for the following
date.
2
Not reported separately.
3
Taiwan included with China Mainland through 1950 and
with "Other Asia" from 1951 through 1960 I; thereafter Taiwan
is shown
separately.
4
Includes "Other countries," except Australia.
5
Included in "Other Africa."
6
Includes Eastern European countries, except U.S.S.R.
Czechoslovakia,
Poland, and Rumania.
7
Czechoslovakia, Poland, and Rumania only; other Eastern
European countries, except U.S.S.R., included in "Othei
Western
Europe."
8
Not reported separately until June 1963.
9
Includes other Latin American republics and Bahamas and
Bermuda.
10
Belgium only.

INTERNATIONAL FINANCE
15.20 LONG-TERM CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY OR AREA, END OF YEAR, 1946-60; END OF QUARTER, 1961-70
[In millions of dollars]

End of period

Total

Nether- United
land Kingdom

Other
Europe

Canada

Brazil

Chile

Mexico

Other
Latin
America

Japan

Other
Asia

Africa

1946
1947
1948
1949
1950

49
19
27
35
43

3
1
2
3
5

3
3
3
3
2

3
2
3
2
2

2
2
3
5
8

1
1
1
3

1
6
8
11
13

2
3
4
4
5

35
t
3
5

3
3
2

1951
1952
1953
1954
1955

48
62
84
102
97

9
8
7
7
7

4
5
5
7
6

2
12
18
16
15

4
5
8
12
8

4
2
7
9
8

11
11
13
8
7

5
6
8
16
16

8
14
19
27
16

6
4
3
4
4

12
26
28
60
68

13
25
25
31
30

6
12
22
38
65

6
8
10
8
11

15
20
33
36
39

20
28
45
60
67

9
13
20
30
29

20
15
20
30
35

1
1
7
6

1956
1957
1958
1959
1960

. . .

119
170
223
304
354

11
13
14
16

AH
other

1
1
3

1961 Mar.
June
Sept.
Dec.

396
406
453
502

4
3
3
2

64
62
63
59

32
25
26
23

71
75
87
107

11
11
11
11

63
65
66
84

73
78
91
86

28
26
27
59

42
53
68
52

8
9
10
12

1
3
5

1962 Mar. 1
June

613
/615
\704
755
769

2
2
13
13
9

59
54
64
70
63

20
17
32
33
32

111
106
117
127
134

13
12
14
13
13

97
103
114
112
109

112
139
156
174
174

48
48
49
77
122

132
118
121
116
91

12
13
21
20
19

5
2
3
2
3

816
/766
\882
881
734

9
12
12
14
16

64
69
88
85
83

33
28
28
42
56

143
145
145
127
61

11
13
13
12
9

123
101
101
102
69

181
177
179
176
145

142
112
115
123
90

90
84
85
87
93

17
16
99
98
96

3
10
18
16
16

1954 Mar
June
Sept 1
Dec.

761
815
832
/ 962
\1,081

30
68
64
51
56

85
92
102
109
116

58
64
90
95
190

64
67
68
215
215

10
10
11
12
12

74
78
74
72
73

148
135
131
123
125

89
94
90
89
89

94
99
96
95
98

96
94
93
91

13
14
13
14
15

1965 Mar
June
Sept l
Dec

1,075
1,081
1,101
/ I , 169
\1,139

35
31
31
31
31

121
118
116
112
112

203
208
230
233
236

220
221
217
209
209

11
11
11
12
12

74
70
74
69
65

126
133
127
184
186

81
85
89
98
98

96
96
96
114
87

91
91
91
89
85

18
17
18
17
18

1966 Mar.
June
Sect.
Dec

1,156
1,207
1,235
1,256

27
27
23
27

124
167
174
198

239
251
267
272

208
205
202
203

15
13
14
14

61
61
64
56

191
203
195
198

98
90
102
95

87
90
91
93

87
86
90
87

19
14
14
13

1967 Mar.
June
Sept 1
Dec.

1,324
1,488
1,452
/ I , 537
\1,570

2
2
4
4

31
27
40
43
43

232
255
210
253
258

283
303
309
311
322

203
214
212
212
212

18
97
92
91
91

58
88
84
85
91

192
193
191
188
184

108

109
128
128

98
98
103
117
132

84
85
87
89
89

17
15
13
16
16

1968 Mar
June
Sept
Dec.

1,536
1,568
1,625
1,790

6
8
9
9

41
32
43
147

259
280
304
297

330
345
376
419

206
205
198
194

86
76
67
54

61
67
62
73

170
175
183
176

128
129
126
128

145
134
142
171

84
83
82
83

21
33
32
38

1969 Mar
June
Sept.1
Dec.

1,872
1,952
1,965
(2,215
\2,363

8
8
12
10
10

175
168
167
152
152

334
359
357
423
433

432
447
465
496
562

194
195
179
172
111

43
33
28
198
200

75
76
70
73
77

180
183
185
190
220

126
142
143
141
142

191
228
246
249
271

72
72
71
69
75

43
40
42
42
46

1970 Mar
June
Sept.
Dec

2,744
2,757
2,885
2,950

297
313
314
312

159
161
157
146

438
399
406
396

573
580
620
669

181
177
180
183

201
194
272
261

74
65
63
60

256
283
315
357

158
166
144
140

288
288
284
292

71
76
73
71

47
54
58
64

Sept
Dec

1963 Mar
June 1
Sept.
Dec.

1
Data on the two lines for this date differ because of changes in reporting coverage. Figures on the first line are comparable in coverage with
those shown for the preceding date; figures on the second line are comparable with those shown for the following date.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1023

no

oo

INTERNATIONAL FINANCE
15.11 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70
[In millions of dollars]
|

1949

Area and country


Europe:
Austria
Belgium
Denma rk

...
i

France
Germany
Greece
Italy
...
Netherlands
Norway
>> .
Portugal
....
Spain
...
Sweden
Switzerland
..., ,,
Turkey
,
United Kingdom .
Yugoslavia
. .
Other

...

..

.,

4
8
4
7
1
4
3
7

....

Latin America :
Argentina
., * .
Bolivia
i
Brazil
,
Chile
Colombia
,
>.
Cuba
Dominican Republic
Guatemala
Mexico
Neth Antilles & Surinam
Panama . .
...
Peru
Uruguay
....
....
Other
Total
Asia:
China Mainland 2
Hong Kong
India
....
Indonesia
Iran
.
t
Israel
,
Japan
Philippines
t
Taiwan 2
Thailand
Other

(i)
9
1
1
9

25

....

Total
Canada

1950

, ..

Total
All other:
Australia
U.A.R. (Egypt). . .
South Africa
Other
Total
Total foreign countries

1952

1951

2
10
2
34
4
12
8
5
1
4
3
8
2
40
1
27

3
11
1
1
17
1
7
12
16
7
6
3
9
2
49
1
19

6
16
2
I
19
2
7
10
26
7
1
7
6
10
2
48
1
18

1954

1953

2
14
1
1
11
3
4
7
17
6
1
7
4
8
2
44
2
18

1
12
j
11
5
3
8
12
7
3
5
4
14
2
49

23
1
1
14
6
3
10
18
8
2
9
9
9
2
62

1957

1
29

1
26

1
27
7
4
12
20
12
1
.9
11
8
2
72
1

1
27
10
8
8
17
13
1
6
8
7
1
80
2
1
219

1958

1959

1960

1
28
2
1
42
55
1
12
39
11
1
7
26
34
2
109
1
5

16
48
5
1
9
6
27
3
65
I
4

3
29
1
I
34
12
1
10
17
14
1
7
15
15
1
90

2
18
t
1
29
41

87

164

166

190

152

141

180

216

253

378

277

19

26

25

27

46

39

3D

31

75

31

54

57

8
1
12
4
4
4
(i)

9
2
15
5
5
4

16
2
18
9
3
2

13
3
27
6
6
4

4
2
14
4
6
10

1
7

1
10

3
6

8
10
6
2
2

15
11
14
5
2

20
13
8
8
3

1
6
?.
7
9
2
9
3

10
1
16
3
3
5
1
1
10
4
4
3
5
14
5

7
I
17
3
4
2
1

4
7

1
4
1
3
10
5
5
2

4
1
21
6
5
6
1
1
7
2
10
11
3
17
3

12
1
18
4
3
5
1

5
2
10
4
4
7
j
5
2
6
17
4
8
3

6
2
14
4
8
8

6
2
17
9
6
4
1
1
7
2
7
15
7
8
2

6
7
2
3
4
11
4

7
7
2
4
1
14
4

59

75

107

124

94

72

78

81

98

85 i

80

76

5
3
7

4
2
10
2
1
2
4
4

2
1
4
2
2
2
7
4

2
2
5
1
2
1
23
2

2
7

4
11

1
10
3
2
6
13

3
2
4
2
1
1
11
.3

2
2
6
4
1
3
9
4
2
2
12

3
2
5
1

5
3
15
1
1
1
1
2

8
8

8
5

2
3
4
3
2
1
35
5
2
6
6

1
2
6
2
3
1
13
5
2
1
5

1
2
8
3
4
2
14
6
1
6
4

1
3
7
3
6
5
29
5
3
3
8

25

39

43

46

47

43

36

52

70

42 j

51

73

4
Cl)
1
1
6

8
2

12
2
2
1
4

10
1
1
1
5

10

15

1
1
3

1
3
5

1
1
5

18
1
1 I
2
8

19
1
4
5

1
1
6

14
2
2
1
7

C1)

(i)
1

2
3

12

17

20

19

17

14

18

22

30

203

319

360

405

356

309

343

403

491

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1956

1955

1024

29 i
440

1
7
5
18

25

581

507

INTERNATIONAL FINANCE
15.21 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]

Mar.
Europe:
Austria .
. . . .
Belgium .
Denmark
Finland
France. .
...
Germany
Greece
. .
Italy
Netherlands
Norway .
. .
Portugal
Spain
Sweden. .
Switzerland
Turkey
1
United Kingdom
Yugoslavia
4
Other Western Europe
..
Eastern Europe 5
Total
Canada .
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico . .
Panama
Peru
....
Uruguay
Venezuela
Other L.A. republics 6 6
Bahamas and Bermuda
Neth. Antilles and Surinam
Other
Total
Asia :
Hong Kong
India
Indonesia
Israel
Ja pan
Korea .
Philippines
Taiwan
Thailand
Other. .

. .

. .

Total
Africa:
Congo (Kinshasa)
South Africa
U.A.R. (Egypt)
Other '

. .
. .

Total
Other countries:
Austra lia
All other
Total

1962

19 61

Area and country


June

Sept.

Dec,

Mar.

1963

June I s June II 3

Mar.

June

Sept.

Dec.

10
g
25

2
24
5
1
30
34
2
25
41
8
1
8
7
18

3
24
5
1
34
38
3
27
27
9
1
11
7
25

2
21
3
1
32
33
1
28
33
3
1
9
7
24

2
18
2
1
31
36
1
29
46
3
1
7
8
26

2
20
3
1
32
33
2
30
50
3
1
7
8
27

2
23
2
1
31
35
2
26
56
2
1
6
7
40

2
26
3
1
33
34
2
25
46
3
1
7
9
25

111
3
1

120
5
1
1

117
6
1
1

122
6
2
1

115
4
1
1

94
4
1

110
4
1
1

118
3
2

127
3
3

100
4
3

371

366

350

323

341

341

301

332

346

373

' 325

49

45

49

45

47

58

67

81

64

59

62

72

8
20
4
5
2
6
3
6
2
23

10
20
5
7
2
6
7
3
2
23

7
24
5
5
2
5
13
2
4
22

6
25
3
2
2
6
12
6
1
20

6
27
3
2
2
8
27
6
3
19

8
25
4
3
2
4
15
4
2
19

9
26
5
3
2
6
15
5
2
21

9
23
3
1
7
18
3
5
19

9
17
4
4

6
19
4
5

6
21
4
5

7
13
3
7

6
25
8
1
24

6
18
3
3
1
6
5
9
1
23

4
9

6
12

5
13

8
14

12
10

8
10

8
11

5
21

5
25

8
17

10
11
4
3
27
11
2
9
2

6
17
3
4
25
11
5
9
2

g
20
5
1
22
23
1
6
4

92

102

109

104

125

105

112

118

128

100

113

118

110

3
6
11
4
58

3
5
10
2
68

3
6
7
3
71

3
8
6
5
62

3
6
6
3
68

2
4
2
1
57

2
8
2
1
59

7
2
3
14

8
2
3
16

9
1
3
17

2
11
2
2
52
3
3

2
8
2
1
46
3
4

2
16
7
2
43
3
5

3
16

7
1
3
20

2
10
2
1
66
1
5

5
21

5
24

3
21

4
18

4
18

4
21

2
15
2
1
29
1
7
1
1
23

2
14
3
1
24
1
5
1
2
19

109

114

122

114

115

98

107

111

97

90

104

82

72

1
2
2
9

3
1
11

4
2
13

13
2
18

11
2
15

12
1
16

14
1
18

12
1
12

12
1
13

6
1
13

1
11
9
14

12
10
10

1
10
6
8

14

16

18

33

29

30

33

26

26

20

35

33

25

15

15

12

11

13

13

13

14

11

10

13
4

18
6

17
5

15

15

12

11

13

13

13

14

11

10

17

24

22

644

616

674

691

626

2
28
3
1
37
40
2
23
68
6
1
7
8
47
4
109
1
2

2
25
3
1
41
40
2
30
49
9
1
5
6
39

2
31
5
1
32
34
2
31
44
10
1
8
6
39

2
27
5
1
33
30
2
24
43
8

110
2
2

331

388

40

1
600

684

676

678

675

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Dec.

2
23
4
1
28
32
2
22
41
8
1
8
7
15

2
29
2
1
34
49
1
20
62
6
1
8
5
26
3
79
1
2

International and regional


Grand total

Sept.

1025

616

665

678

INTERNATIONAL FINANCE

15.21 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS,


BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]

1964

19 66

19 65

June II a

2
19
1
1
31
32
2
26
43
2
1
7
7
20

3
21
1
1
28
36
5
24
46
3
1
9
7
19e

3
20
1
1
27
34
5
22
46
2
1
8
7
18

3
22
I
1
31
44
4
27
31
2
2
12
7
36c

2
20
2
1
31
63
4
26
33
1
2
10
8
33

2
25
2
I
35
69
5
16
40
2
2
5
6
34

2
21
1
t
47
73
6
16
50
5
2
5
9
35

2
23
1
1
51
59
7
18
45
2
6
13
11
49

2
28
1
1
51
71
3
18
55
2
3
21
10
39

2
30
1
I
45
60
3
23
54
2
7
21
12
45

3
32
2
1
48
71
3
27
65
2
6
23
12
61

3
30
2
I
57
85
2
52
67
2
6
25
14
58

110
6
1
1

102
1
3
1

97
1
2

108
1
4
1

104
1
5
1

102
1

100
1
5

132
1
6

137
1
3
2

139
1
4
1

137
1
2
1

172
2
3
I

2
32
3
1
62
78
2
54
68
2
9
27
17
58
2
208
1
4
I

319

316

301

341

353

360

386

431

453

454

500

586

631

68

62

57

60

79

77

82

84

94

120

117

138

146

6
13
3
6

6
11
3
8

5
10
3
7

4
11
4
7

3
11
5
10

3
11
4
12

2
11
4
13

3
14
4
13

4
13
4
9

6
11
5
8

5
11
4
7

6
9
3
5

6
10
4
7

11
29
5
1
20
10
2
6
5

8
21
6
1
22
9
2
7
6

7
21
5
1
21
8
2
7
6

8
26
5
1
20
11
2
9
4

7
28
7
1
16
15
1
6
6

6
25
7
1
19
13
2
5
1

6
21
5
2
19
15
2
6
1

4
12
6
1
20
15
2
8
2

5
11
6
1
22
16
2

9
9
7
2
27
11
2
7

16
4
5
1
26
12
1
9
2

10
9
6
1
25
18
2
7
2

11
10
7
1
36
20
3
7

118

112

104

111

115

107

108

105

102

105

98

104

124

2
14
3
2
23
1
5
1
1
24

2
14
5
1
27
1
5
1
1
23

2
13
5
1
25
1
4
1
1
21

2
16
3
1
31

2
22
6
2
22

2
24
7
2
30

2
26
9
3
28

6
1
1
24

6
1
1 i
32

2
25
12
1
27
I
7
5
1
33

2
17
3

6
2
1
25

2
25
9
3
32
1
6
I
2
32

2
20
11

1
22

2
21
4
1
28
1
5
3
1
22

27
7
6
1
37

23
4
7
7
1
34

3
17
2
2
27
3
7
4
4
31

76

80

73

82

88

87

98

109

113

112

116

101

100

South Africa
U A R. (Egypt)
Other

9
4
6

1
10
2
6

1
10
2
5

3
11
1
6

4
14
3
10

22 1
1
10

22
2
7

16
1
6

I
11
1
7 |

1
11
1
9

11
2
9

1
10
7

I
17
1
6

Total

21

19

18

22

31

34

32

23

20

22

22

19

24

25
4

27
6

27
5

26
8

25
9

23
8

25
9 |

21
6

23
7

31
4

35
5

51
4

58
6

30

33

32

34

34

32

34

27

29

35 ;

40

55

631

622

585

Mar.
Europe:
Austria
,
Belgium
Denma rk .
Finland
. .f
France
Germany ,
. . . .
Greece ,
Italy
Netherlands
Norway
Portugal .
..
Spain .
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
. . .
Other Western Europe
Eastern Europe
Total
Canada . .
Latin America:
Argentina
..
Brazil .
Chile
Colombia
r'nVii
Mexico
Panama
Peru . . .
Uruguay
Venezuela
Other L A republics
Bahamas and Bermuda
Neth. Antilles and Surinam
Other
Total
Asia:
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines .
Thailand
Other

,.

...

.....

. . .

Total
Africa :

Other countries:
Australia
Allother
Total
International and regional
Grand total

June I

Sept.

Dec.

June

Sept.

Dec.

Mar.

June

Sept,

Dec.

64
64

650

700

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Mar.

1026

695

740

779

810

849

891 J 1,003

1,089

INTERNATIONAL FINANCE
15.Z1 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]
196!)

1968

1967

Area and country

Europe:
Austria
Belgium-Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal.
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
Eastern Europe

. ..

Total
Canada

....

Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
.
...
Panama
Peru
Uruguay
.
Venezuela
<
Other L.A. republics
.
Bahamas and Bermuda
Neth. Antilles and Surinam
Other
Total
Asia:
Hong Kong
India
Indonesia
Israel.
Japan
Korea
Philippines
Taiwan
Thailand
Other

Sept.

June

Mar.

Dec. I s

Dec. II a Mar.

June

Sept.

Dec.

2
27
7
3
64
92
8
61
79
4
6
31
24
86
3
310

2
27
7
3
64
92
11
61
79

2
29
43
4
68
108
12
59
71

3
47
g
4
92
125
15
60
84

2
60
g
4
114
150
14
64
65

3
78
4
4
114
120
11
63
42

6
31
24
86
3
310

4
34
17
63
3
265

g
48
26
112
3
407

4
1

4
1

4
I

6
50
24
70
3
284
1
6
1

811

814

793

200

205

191

4
9
g
9

4
9
g
9

12
2
7
1
36
19
4
5
1

10
4
6
1
33
24
8
5
1

122

122

30
2
6
5
4
41

4
15
4
1
38
2
7
2
4
39

Mar.

June

3
79
2

4
64
2

5
1

4
37
25
116
5
393
1
9
2

116
112
5
57
49
6
7
40
20
115
5
384
1
13
2

887

1 096

1 034

199

199

194

5
13
10
6

6
18
12
9

7
19
6
7

10
4
6
1
33
24
11
5
1

7
5
6
2
35
15
9
5
2

9
3
5
1
35
18
12
4
2

121

124

120

4
12
5
1
44
1
7
1
5
45

5
12
4
3
62
1
g
5
5
46

5
12

2
9 34
5
1
61
81
2
62
80
2
7
30
19
47
2
236
1
5
1

2
928
g
2
55
85
2
65
78
3
5
36
21
51
2
244
5
1

2
s 32
g
2
61
94
3
66
82
3
6
35
24
84
2
315
1
3
1

678

692

824

173

199

190

3
11
5
5

4
10
6
9

4
10
7
13

16
4
5
1
38
15
7
6
1

16
3
5
1
37
17
5
8
1

118
4
13
2

Sept.

Dec, I 3

121
102
5
54
45
14
7
47
17
116
4
369
1
17
1

4
69
2
1
131
119
3
62
70
9
9
63
22
130
2
416
5
19
1

2
45
2
2
124
178
3
77
66
3
9
56
35
114
3
363
1
20
1

1 017

991

1,136

1,102

164

159

181

198

6
16
5
7

8
17
4
7

5
15
4
6

6
12
10
7

6
16
9
6

9
5
6
1
36
23
10
4
1

6
3
7
1
33
20
18
5
2

7
4
7
1
27
16
19
3
2

11
3
g
1
26
18
19
2
2

9
5
6
1
22
26
22
2
1

13
3
9
1
25
37
22
2
1

133

134

130

122

121

132

150

4
13

4
14

4
10

5
12

4
75

15
91
1
10
3
2
36

17
89
1
9
5
2
31

12
118
2
10
6
2
53

5
18
4
12
136

8
6
2
46

17
78
1
g
4
2
45

5
18
6
11
114
1
11
5
2
50

5
20

3
63
1
g
5
5
46

4
15
5
13
99
2
g
5
2
41

8
3
3
33

107

114

126

150

151

165

176

175

176

195

223

233

224

Africa:
Congo (Kinshasa)
South Africa
U.A.R. (Egypt)
Other

1
5
2
7

1
8
2
g

1
7
3
11

8
3
12

g
3
12

1
7
4
16

1
6
6
12

1
12
4
g

1
11
5
8

1
9
5
14

2
14,
2
51

2
12
7
31

2
13
7
27

Total

15

19

21

23

23

29

24

25

24

29

68

52

49

52
6

49
7

61
8

58
7

61
8

53
7

46
7

43
6

45
5

44
5

46
3

57
6

60
2

58

56

70

65

69

60

53

49

49

50

50

63

62

1,148

1,203

1,353

1,371

1,386

1,358

1,473

1,678

1,608

1,576

1,613

1,797

1,786

Total

Other countries:
Australia
All other
Total
International and regional
Grand total

....

For notes see next page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1027

INTERNATIONAL FINANCE
15.21 SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS,
BY COUNTRY, END OF YEAR, 1949-60; END OF QUARTER, 1961-70Continued
[In millions of dollars]

1969

Area and country

Dec. II
Europe:
Austria . . . . .
Belgium Luxembourg
Denmark
Finland
France
Germany .
Greece
Italy
Netherlands . .
Norway
Portugal
Spain
.
Sweden
Switzerland
Turkey
...
United Kingdom
Yugoslavia
Other Western Europe
Eastern Europe

...
...

Total
Canada
Latin America:
Argentina
Brazil
Chile
. .
Colombia
Cuba
Mexico
Panama
.
Peru
Uruguay
.
Venezuela ....
Other L A republics
Bahamas a n d Bermuda . . . .
Neth Antilles and Surinam
Other

..
..
...

Total
Asia:
Hong Kong . . .
India
Indonesia
.
Israel
Japan
Korea
Philippines
Taiwan
,,
Thailand
Other

....

Total
Africa:
Congo (Kinshasa)
South Africa
U A R (Egypt)
Other

Total
Other countries:
Australia
Allother
Total

..

...

19 70
3

Mar,

June

Sept.

Dec.

5
6
55
29
160
2
605
3
19
4

4
74
3
1
156
164
3
84
116
5
5
47
31
159
2
684
3
21
4

6
66
3
1
141
166
3
69
124
6
10
48
35
185
3
679
3
21
6

8
46
2
2
126
139
4
77
128
5
13
24
34
159
4
860
4
11
5

1,358

1,486

1,565

1,578

1,649

227

206

205

215

221

9
18
10
7

10
13
8
6

15
14
9
5

10
17
11
6

11
19
11
6

17
4
12
5
16
43
39
2
4

24
8
10
5
13
27
55
4
5

21
5
6
5
19
28
71
38
6

28
5
6
5
14
35
103
24
5

22
5
4
4
18
37
163
23
6

187

187

243

269

329

7
20
5
14
143
2
9
3
3
27

7
27
5
15
132
1
6
4
3
26

7
37
7
17
113
2
7
4
3
28

8
41
7
21
135
1
7
8
4
47

9
38
9
24
144
1
7
9
4
50

233

227

227

281

296

2
14
7
29

3
19
1
33

14
19
2
37

15
24
2
51

2
34
41

52

56

72

90

78

60
7

64
6

69
6

74
5

75
7

67

70

74

79

82

2 124

2 234

2,387

2,512

2,655

4
69
3
2
137
219
4
87
90
4
10
59
38
134
3
470
2
21
3

3
75
3
1
126
194
3
82

no

International and regional


Grand total

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1028

1
Not reported separately
* Taiwan included with t
1950. First significant figun
date
were for end of 1952.
s
Data in the two colum
ditter because ot changes
Figures in Column I are
shown for the preceding da
are comparable with those
date.
4
Through March 1963
pean countries, except U.J
Poland, and Rumania.
& Through March 196
includes U.S.S.R.,
Czechoslovakia, Poland, an Rumania only; other
Eastern European countri included in "Other
Western Europe."
G Not reported separatel mtil June 1963.
J
Through March 1963 eludes "Other countries," except Australia,
a Included in "Other Afri 5 until June 1963.
Belgium only.

INTERNATIONAL FINANCE
15.22

LONG-TERM LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS,


BY COUNTRY OR AREA, END OF YEAR, 1946-60; END OF QUARTER, 1961-70
[In millions of dollars]

End of period

Total

1946
1947
1948
1949
1950

24
6
5
6
12

1951
1952
1953
1954
1955

14
12
11
20
31

1956
1957
1958
1959
1960

78
75
60
83
89

Germany

Italy

Nether- Switzer- United


lands
land Kingdom

Other
Europe

1
3
3
4
5

1
2
1
1
3
1
1
1
1
1

2
2
1

1
9

8
11

9
7
7
6
10

16
14
16
28
30

9
8
3
3
3

51
49
30
34
34

Canada

Other
Bahamas
Latin
and
Bermuda ' America

All
other

Africa

Asia

20
1
1
1
1

I
2
2

1
1
1
2
6

I
1
1
1

1
6
9

1961 Mar
June
Sept.
Dec

91
94
120
155

3
3
3

1
1
1
1

31
40
44
44

5
4
5
6

31
12
15
18

4
3
11

9
21
41
65

7
6
7
5

2
2
1
I

1962 Mar
June
Sept.
Dec

163
151
154
161

3
3
3

1
2
2

45
38
39
38

3
4
4
2

18
9
1
6

10
10
8
8

75
77
88
93

6
6
7
8

1
1
1
1

1
1
1
1

1963^Mar
June
Sept.
Dec

155
159
153
148

2
2
2
1

38
36
35
34

2
2
1

6
6
6
5

9
8
8
7

91
97
93
88

7
8
7
8

1
1
1
4

1
1
1

1964 Mar
June
Sept.
Dec

143
140
112
107

33
32
31
30

1
3
1
1

6
6
6
7

7
6
5
5

85
83
58
55

7
7
6
4

3
2
3
2

1965 Mar
June
Sept
Dec

115
110
120
147

2
3
3
5

29
28
27
30

1
1
2
3

10
9
11
36

5
4
5
4

61
59
61
59

4
4
3
4

2
2
4
3

1966 Mar.
June
Sept
Dec.

176
192
228
329

5
8
31
33

2
2
2
42

30
26
26
26

14
20
20
35

57
80
91
124

4
3
3
10

55
44
44
46

4
4
4
6

3
3
5
3

54
53
49
49

5
10
13
10

11
14
14
13

8
3

5
8
3

1
1
1

1
I
1
1
I

4
2
2
2

1967 Mar
June
Sent
Dec

454
430
411
428

33
31
37
36

55
56
57
66

31
32
42
50

40
22
20
27

206
202
175
164

9
7
4
3

1968 Mar.
June
Sept
Dec.

582
747
767
1,129

70
114
112
189

67
69
57
56

51
51
43
58

47
44
72
134

205
327
326
469

58
68
83
135

48
44
42
42

16
11
11
23

11
9
10
14

2
2
4
5

6
7
6
5

1969 Mar
June
Sept
Dec.2

1 285
1,325
1,418
/I 725
\2,304

200
212
297
465
675

86
117
123
128
152

67
69
67
69
76

198
225
202
253
325

481
448
425
476
658

158
162
183
191
225

43
38
40
34
47

23
23
46
48
85

14
15
27
29
30

7
10
4
23
23

6
5
4
8
8

1970 Mar
June
Sept
Dec

2 358
2,587
2,786
3,102

656
741
661
614

148
158
163
161

83
101
98
140

305
350
389
424

671
741
945
1,087

306
306
298
321

50
54
66
67

78
76
81
188

26
16
30
30

25
28
30
42

1
2

Not reported separately until June 1963.


Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in coverage

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1029

6
6

9
15
19
21

with those shown for the preceding date; figures on the second line are
comparable with those shown for the following date.

INTERNATIONAL FINANCE
15.23 MONEY RATES IN SELECTED FOREIGN COUNTRIES, MONTHLY, 1941-70
[Per cent per annum]
Canada

Cent, Treas. Cent, Day- Cent,


tobank bills bank
bank
3
day disc,
disc.
disc,
rate mos. rate mon. rate

Month

2. 50

1941Jan
Feb
Mar
Apr
May
June.
JJulv
.UI"
Aug
Sept,
Oct
Nov..
Dec

1942 Jan
Feb
Mar..
May.
July
Sept
Oct...
Nov
Dec..

1943 Jan. . .
Feb
Mar
Apr
May
Julv
Sept
Oct.,
Nov
Dec..

1944

2. 50
1. 50
'

Jan
Feb
Mar
Apr
May.

July. .
Aug
Scot. .
Oct
Nov
Dec

1945

France

.63
.62
.61
.59
.58
.59
.58
.56
.55
.54
.54
.55

July
Aug
Sept...
Oct.. .
Nov..
Dec

1. 50
1

1. 25
1

2,25
2.25
2.25
2.25
2.25
2.13

.73
.68
.83
.67
.78
.93
.63
.73
.94
.76
.75
.98

3.00
3.00
3.00
3.00
3.00
2.50

2. 00

1. 03

1.01
1.02
1.01
1.01
1.00
1.00
1.00
1.00
1.01
1.00
1.00
1.01

1.00

1.04
1.04
1.03
1.00
1.03
1.00
1.00
1.00
1.05
1.04
1.00
1.00

.84
.82
.94
.81
.91
.90
.86
.89
.93
.84
.88
.92

.01
.00
.00
.01
.00

.50
.46
.43
.41
.42

.61
.65
.58
.66
.66
.67
.64
.62
.61
.73
.64
.65

.41
.39
.39
.39
.39
.39
.38
.38
.38
.38
.38
37

.62
.69
.65
.73
.61
.58
.49
.68
.73
.73
.21
.53

.89
.89
.93
.91
.90
.92
.90
.89
.93
n.a.

1 7^
1. 63
1

^
T

.40

i.**

.65
.60
.60
,47
.38
.74
.25
.50
.41
.25
.36
.33
.27
.36
.34
.25
.34
.32
.30
.32
.32
.29
.21
.19

.00
.01

1.00
1.01

J .n

n.a.

1 03
83
53

U.72 U.08
1.30 1.00
n.a.
n.a,
n.a.
n.a.

3.^0

50

For notes see last page of Table 15.24.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Day- Bkrs.
Cent, Bkrs.
alls,
ac- Treas. tobank
on
day
disc. ceps. bills
rate 3 mos. 3 mos. mon. deps.

.51
.51
.50
t

37
.39
.39
.40

i.'*

Priv.
disc,
rate

1.01
1.00
1.00
1.01
1,00
t

.,

'

Day- Cent, Treas. Day- Cent.


to- bank
to- bank bills
day disc,
3
day disc.
mon. rate mos. mon. rate

.92
.75
.95
.96
,71
.90
.75
.68
.83
.80
.75
.96

Sept
Oct..
Nov..
Dec

1946Jan
Feb
Mar
Apr
May

3. 50

Priv.
disc.
rate

.68
.58
.59
.74
.62
.58
.62
.66
.66
.61
.67
.42

37
.36

July

1.94
2.00
.75
.75
.66
.47
.50
.53
.72
.37
.69
.50

Netherlands

,55
.55
.55
.54
.54
.54
.54
.53
.53
.53
.53
.52

Jan
Feb.. ,
Mar
Apr. .
May

2. 00
2. 00
2. 00
1. 75
1

United Kingdom

Switzerland

Germany

1030

.01
.18
.05
.90
.27
.42
.52
.41
.30
.07
1.01
1.21

1.00
1.00
1.00
.50
.93
1.00
1.31
1.18
1.00
.90
.78
.78

,
1.L

J
1.'25

00

53

1.00
1.03

1.08
1. 10
.90
1.03
11.07
3 .06
1 .04
1.11
1.07
1.00
1.00
1.00

.01
.00
.00
.01
.00
.00
.00
.00
.01
.00
.00
.00

1.08
1.13

.01
.00
.00
.01
.00
.00
.00
.00
.00
.75
.51
.50

1,00
1.00
J. 00
1.00
1.03
1.13
1.13
1.13
1.13
.96
.53

.50
.51
.51
.51
.51
.50
.51
.51
.51
.51
.51
.50

50
t

1?.3
1,10
1,00
1,02

.63

lo

INTERNATIONAL FINANCE

15.23 MONEY RATES IN SELECTED FOREIGN COUNTRIES, MONTHLY, 1941-70Continued


[Per cent per annum]
France

Canada
Month

1947 Jan
Feb
Mar
Apr
May

40
40
40
41
1

3. 50

2. 50

2L 3

3V4 4
00

1950 Jan
Feb
Mar
Apr
May
51
55
62
62
62
63

1951 Jan
Feb
Mar
Apr
May
June ... .
July
Aug
Sept
Oct
Nov
Dec

63
73
76
76
76
75
77
79
88
93
92
89

1952 Jan
Feb
Mar
Apr
May
June
July

89
91
94
98
02
08
11
10
14
19
21
35

Sept
Oct
Nov
Dec

i.

2.02
2.00
2.09
2.00
2.12
2.02
2.04
1.88
2.84
2.09
2.03
2.00
2.09
2.08
2.10
2.12
2.43
2.46
2.34
2.06
2.03
2.25
2.55
2.55

41
42
42
49
50
' 51

1. 50
2. 00

2.<30
t

.48
.39
.41
.41
.46
.45
.51
.46
.44
.64
2.12
2.04

July
AUE
Sept
Oct
Nov
Dec

1. 50
t

1% -2V4

% 2V

DayCent. Bkrs.
ac- Treas. tobank
day
disc, ceps. bills
rate 3 mos. 3 mos. mon.

DayCent,
bank Treas. today
disc, bills
mos. mon.
rate

1948Jan
Feb
Mar
Apr
May

1949 Jan
Feb
Mar...
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

Cent,
bank Priv.
disc, disc,
rate
rate

Cent,
bank
disc,
rate

July
Aug
Sent
Oct
Nov
Dec

Switzerland

Daytoday
mon.

July
Sept
Oct
Nov
Dec

Netherlands

Cent,
bank
disc.
rates

Cent, Treas.
bank bills
disc,
3
rate mos.
1. 50

Germany

3. M)
2. 50

2 50
3 00
4 00

4.'00

2.18
2.40
2.70
2.64
2.68
2.52
2.59
2.35
2.22
2.28
2.19
2.41

50

3U 5

'.
1--5
1--414
1--4Vi
1- 4
h"

156. 00

2.45
2.42
2.45
2.60
2.61
2.52
2.57
2.64
2.56
2.78
3.27
3.50
3.50
3.93
3.51
3.65
3.77
3.66
3.84
3.77
4.00
3.98
3.98
3.93

3 00
4 00

4 00
3 50

6. 00
5. 00
5. 00
5. 00
4. 50
4. 50
4. 50
4. 50
4. 50

For notes see last page of Table 15.24.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

2. 50
3. 00

1031

lo

3!00
3. 00
3. 00
00
3!00

.44
.72
.65
.59
.45
.46
.52
,30
.08
.95
.93
.13

.77
.46
.19
.11
.08
.86
.09
.00
.75
.95
.74
.53

.28
.38
.45
.38
.33
.36
.56
.35
.10
.03
.08
.25

.57
.78
.99
.93
.94
.84
1.35
1.06
.84
.78
.77
.96

.23
.39
.38
.29
.28
.32
.43
.25
.15
.07
.16
.32

1.13
.90
1.01
1.24
1.03
.83
.83
.91
1.01
.78
.93
1.03

.31
.54
.45
.44
.45
.44
.57
.44
.33
.27
.20
.40

1.22
1.50
1.13
1.25
1.03
.81
1.10
.95
.91
.88
.88
1.09

.31
.55
.46
.55
.50
.39
.39
.38
.24
.16
.17
.21

.83
1.00
1.23
1.24
1.07
1.00
.91
1.00

.18
.17
.38
.40
.25
.20
.05
.85
.85
.84
.87
.92

1. 25
'

United Kingdom

.50
.51

63
1

50
1

63
92

50
69
75

,.2538

i!38
i. 38
i. 50
'

,.i.

.53

.54
.56

.51
.50
.51

50
63

.51
.52

.56
.58
.63
.63
.63
.67
.69
t

i. 63
i. 52
i. 50

.52
.52
.52
.51
.52
T

.52
.51
.51
.51
.51
.51
.52
.51

2. 00
2. 50
50

1.00
,90
.75
.75
.58
.62
.50
.54
.58

.53

Bkrs.
alls,
on
deps.

2. 50
2. 50
4. 00

J1
50

i. 50

00

.69
.93
.00
.00
.00
.38
.50
.50
.50
2.48
3.00

.51
.84
.98

.97
.99
2.01
2.35
2.37
T
2.43
2.46
2.46
2.49
2.43
2.38
3.1 2.41

i!00
i 00
i 00
i 82

2 25

75
75
1 57
2 00

iI
2.

INTERNATIONAL FINANCE

15.23

MONEY RATES IN SELECTED FOREIGN COUNTRIES, MONTHLY, 1941-70Continued


[Per cent per annum]
Canada

Month

Cent. Treas. Day- Cent. Daybank bills


bank
totodisc.
3
day disc.
day
rate mos. mon. rate mon.

1953_jan
2.00 .35
Feb
.47
1
Mar
.51
Apr
,53
.57
May, . . .
June. . . .
.69
July
75
Aug, . . .
.81
Sept
.91
.94
Oct
Nov. . . .
.90
.88
Dec

4.00

.86
.75
.62
1.58
1.60
1.57
1.38
1.32
1.21
1.18
1.17
1,08

3.50
3,25

1954 Jan
Feb
Mar
Apr
May. . . .
June
July. . . .
Aug. . . .
Sept
Oct
Nov. . . .
Dec
1955 Jan
Feb
Mar. . . .
Apr
May. . . .
June
July....
Aug. . . .
Sept. . . .
Oct
Nov. . . .
Dec

4.00
3.50
3.50
3.50
3.50

M'.is'
1.16
1.09
.96
.96
.78
.78

3.25
3.00

3.97
4. tO
3.93
4.05
4.22
3.94
4 13
4,18
4.34
3.91
4.00
3.75
3.66
3.55
3.42
3.55
3.54
3.57
3.79
3.82
3.77
3.65
3.51
3.29

99
.90
1.13
1.23
1.24
1.36
1.43
1.62
1.79
2.07
2.38
2.59

73
.62
1.81
1.00
.75
1.08
1.11
1.34
1.61
1.95
2.19
2.42

1956Jan
2.75
Feb
2.75
Mar. . . . 2.75
Apr
3.00
May. . . . 3.00
June. . . . 3.00
July. .. 3.00
Aug. . . 3.25
Sept. .. 3.25
Oct.. .. 3.50
Nov. .. 103.77
Dec.. .. 3.92

2.58
2.51
2.62
2.83
2.84
2.63
2.53
2.94
3.06
3.30
3.40
3.61

2.49
2.34
2.57
2.65
2.66
2.68
2.52
2.63
2.67
2.83
2.89
3.18

2.95
3.05
3.06
3.08
3.10
3.02
3.21
3.02
3.00
3.47
3.71
3.55

1957Jan
3.95
4.01
Feb
Mar. . . . 3.95
Apr
4.00
May. . . . 4.01
June. . . . 4.06
July. . . . 4.05
Aug. . . . 4.28
Sept. . . . 4.05
Oct
4.05
Nov
3.83
Dec
3.87

3.70
3.76
3,71
3.72
3.77
3.80
3.81
4.02
3.94
3.84
3.66
3.64

3.27
3.48
3.65
3.69
3.71
3.80
3.72
3.88
2.96
3.57
3.52
3.60

"3.92
3.52
4,10
4.61
5.19
5.78
7.82
7.94
5,77
4.94
4.87
5.72

1958 Jan
Feb
Mar. . . ,
Apr
May. . . .
June
July. . . .
Aug. . . ,
Sept
Oct
Nov. . . ,
Dec

3.53
2.99
2.44
1.65
1.56
1.75
1.31
1.29
2.02
2.48
3.00
3.46

3.34
3.05
2.61
1.64
1.55
1.72
1.18
.67
.48
1.51
2.10
2.07

2 00
K50

i
1.50
2.00
2.00
2.25
2.75
2.75

3.50
3.11
2.52
1.62
1.79
1.97
1.12
1,74
2.52
3.08
3.13
3.74

Germany

France

i
3.00
4.00
4.00
4.00
4,00
5.00

3.27
3.25
3.28
3.23
3.27
3.19
3.30
3.06
3.00
3.02
3.06
2.99

5.17
5.25
5.96
6.78
10.04
7.51
6.85
6.97
i
5.00 6,46
4.50 5.50
4.50 5.26
4.50 6.07

Cent. Treas. Daybank bills


todisc. 60-90 day
rate days' mon.
4.00 73.25
4.00 3 25
4 00 3.38
4.00 3.25
4.00 3.25
3.50 2.88
| 2 88
2.88
3.00
3.00
3.00
3.00

i
3 50
3.00

3.00
3.50

3.50
4.50
4.50
5.50
5.50
5.50
5.50
5.00
5,00
5.00
5.00
4.50

4.50
4.00
4.00
4.00
4.00
3.50
3.50
3.50
3.50
3.50
3.00

3.00

2.75
2.75
3 00
2.75
2.50
2.50
2.50
2.25
2.25
2.25
2.38
2.63

United Kingdom

Cent. Treas. Day- Cent.


Cent. | Bkrs. Treas. Day- Bkrs.
bank bills
tobank Priv. bank
acbills
toalls.
disc.
3
day disc. disc. disc. ceps.
3
day
on
rate mos. mon. rate rate rate 3 mos. mos. mon. deps.
1
I
'
.54 1,50 1.50 4.00 3.00 2.39 2.25 2.00
3.00
.83
81
2 42
T
.50
3.00
T
T
T
T
T
.90
3.00
2 40
.51
.93
.71
2.50
2.41
.64
2.38
.52
T
.57
2.37
.50
50
i
1 2 35
T
.50
4.00 3/00 2.36 2.25 2.00
.43
3.50 2.67 j 2.27 i 2.09 | 1.88
.38
2.19 i 2.11 , 1.94 1,75
t
|
2.19 2.10
.28
T
2.19 2.11
.03

2.19 2.12
2.15 2.07 |
2.16 2 10
2.17 1 2.09 i 1,94
.89 1.79 1.63
.66 1.61 1.44
.57
.60
T
.61
.60
.64
.63
.62
.59
1.62
.60 1.44
.78 1.45
1.78

3. 56
3 06
2.94
2.63
2.88
2.50
2.50
2.81
2.56
3.06

.23
.25
.45
.41
.38
.38
.40
.75
.88
.88
.8-7
.77

.50
.53
.51
.63
.50
.57

2 25
2.38
2.63
2.50
2.50
2.63
2,75
3.00
3.25
3.38
3.38
3.38

2 38
2.69
3.13
2.75
2.75
3.06
3.06
3.19
3.63
4.06
3.75
3.38

79
.79
1.16
1.04
1.49
.91
.75
.80
1.04
.94
.75
1.06

.58
.53
.71
.58
.90
.62
.50
.56
.75
.57
.50
.62

3.38
3.38
4.00
4.25
5.25
5.38
5.38
5.38
4.88
4.88
4.63
4.75

3.38
3.56
4.50
4.81
4.25
5.38
5.44
5.44
5.44
4.88
4.63
4.81

1.38
1.53
1.32
1.59
1.76
2.38
2.74
3.00
3.00
3.18
3.25
3.48

1.15
1.00
.00
.23
.25
.43
.76
.65
2.38
2.92
3.06
3.23

4.50 [ 4.22 ! 4.07


5.50 4.77 4.69
5.34 5.18
T
5.27 5.11
5.14 4.95
5.20 5.05
5.10 5.01
5.08 5.03
5.18 5.11
5.14 5.04
5.08 5.01
5.07 4.94
1 50

4.25
4.25
4.38
4.38
4.38
4.38
4.25
3.75
3.88
3.50
3.50
3.75

3.88
4.00
4.25
4.13
4.19
4.56
4.44
3.56
4J3
3.50
3.63
3.25

I
3.75
4.25
5.00
5.00
5.00
5.00
5.00

3.58
3.47
3.61
3.63
3.59
3.60
3.81
4.45
4.86
4.87
4.66
4.64

3.38
2.85
3.50
3.50
2.88
2.70
3.08
3.51
3.64
3.75
3.35
3.33

1
1
1
1
1
2

3.25
3.25
3.25
3.25
3.25
2.75
2.63
2.50
2.50
2.38
2.38
2.38

3.13
3.63
3.44
3,56
3.38
3.44
2.88
2,56
2.88
2.56
2.88
2.63

4.50
4.50
4.00
4.00
4.00
3.50
3.50
3.50
3.50
3.50
3.00
3.00

4.43
3.88
3.14
3.18
2.97
2.90
2.88
2.62
2,62
2.83
2.40
2.26

3.50
3.26
2.77
2.93
2.39
2.34
2.49
2.08
2.16 !
2.50
1.79
1
1.50 2.50

2.50
3.00

3.00
3.25
3.25
3.75

For notes see last page of Table 15.24.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Switzerland

Netherlands

1032

i
3,50
3.00

3.00
3 50
4.50

2 02
2.58
3.81
3.83
3.94
3.99
4.00
4.06
4.15
4.16
4.21
4,22

2,05
2.68
3.80
3.81
3.92
3.97
3.97
4.00
4.07
4.07
4.10
4.08

1.50
2.50

64 5.50
75 5.00
75
T
75
75
50

5.00
7.00

i
2.50

7.00
6.00
6.00
5.50
5.00
5.00
4.50
4.50
4.50
4.00
4.00

1.55
2.15
3.29
3.17
3.33
3.21

i
1.75
1.44
1.25
t

1.25
1 29
1.67
2.50

:I.K
:i.24

3.15
3.32
3.28
2.10

3.03 2.50
3.68 2.98
4.17 3.50
4.05
T
4.13
4.16
3,96
4.14
4.26
4.21
4.24
4.15 [ i

4.85
4.44
4.25
4.18
4.04
4.08
4.06
4.17
5.40
6.81
6.78
6.67

4.69
4.30
4.07
4.01
3.84
3.87
3.85
3.97
5.42
6.60
6.54
6.43

4,06
3 66
3.55
3.59
3.48
3.45
3.45
3.60
4.33
5.53
5.63
5.67

3.50
3.10
3.00

6.51
6.17
5.98
5.47
5.24
4.65
4.31
3.98
3.82
3.80
3.67
3.34

6.27
6.02
5.78
5.28
5.02
4.45
4.15
3.81
3.65
3.65
3.46
3.16 ,

5.56
5.57
5.23
4.71
4.53
3.95
3.62
3.36
3.17
3.19
2.97
2.70

5.00
5.00
4.65
4.00
3.85
3.30
3,00
2.70
2.50
2.50
2.32
2.00

3.00
3.80
5.00
5.00
5.00

INTERNATIONAL FINANCE
15.23

MONEY RATES IN SELECTED FOREIGN COUNTRIES, MONTHLY, 1941-70Continued


[Per cent per annum]
Germany

France

Canada

Cent,
bank
disc.
rate

Treas, Daybills
to3
day
mos. mon.

Cent,
bank
disc.
rate

Priv.
fticf
disc.

Cent, Bkrs, Treas. Daybank


acbills
todisc. ceps.
3
day
rate 3 mos. mos. mon.

Bkrs.
alls.
on
deps.

2.25
2.25
2,25
2.00
2.00
2.00
2,00
2.00
2.75
3.63
3.63
3.75

2.38
2.94
2.44
2.31
2.56
2,50
2.25
2.44
2.75
2.38
3.94
3.56

2.75

2.04
1.75
1.68
1.61
1.63
1.82
1.79
1.63
1.66
2.03
2.01
2.52

1.58
1.26
1.42
1.50
1.34
1,46
1.48
1.15
1.31
1.50
1.50
1.50

2.50
2.00

2.50
2.50
2.25
2.00

4.00

2.00

3.75
3.88
4.00
4.00
4.00
4.88
4.88
4.88
4.88
4.88
4.00
3.75

3.69
3.94
4.06
3.94
3.88
4.75
4.69
4.75
5.25
5.31
4.69
4.31

2.53
2.48
2.33
2.25
2.30
2.49
2.19
2.05
2.00
1.96
1.57
1.51

1.50
1.54
1.65
1,75
1.54
1.75
1.64
1.56
1,50
1.64
1.14
1,13

3.25
3,00
2.50
2.38
2.25
2.25
2,25
2.25
2.25
2.00
2.00
2.00

3.88
3.38
3.38
2.94
2.63
2.56
2.63
2.44
2.94
2.44
2.81
3.06

1.32
1.14
1.03

1.00

1.88
1 .88
2.00
2.13
2.13
2.25
2.38
2.50
2.50
2.63

2.00
2.06
3.13
2,75
2.56
3.31
2.94
2.50
3.06
2.50
2,56
3.50

Treas. Daytobills
day
3
mos. mon.

Cent,
bank
disc.
rate

Dayto-

1959 Jan
Feb
Mar
Apr
May....
June. . . .
July
Aug.. . .
Sept. . . .
Oct
Nov., . ,
Dec

3.53
4.32
4.55
5.01
5.15
5.36
5.72
5.58
5.85
5,27
5.11
5.37

3.34
3.70
4.16
4.57
4.98
5,15
5.23
5.82
5.68
5.05
4.87
5.02

2.07
2.96
4.00
4.41
4.26
4.49
4.52
5.72
5.01
4.28
4.16
4.30

4.50
4.25
4.25
4.00

4.39
4.23
4.36
4.13
3.88
3,67
4.27
3.93
4.05
3.87
4.02
4.07

1960 Jan
Feb
Mar. . . .
Apr. . . . .
May* , ...
June
July
Aug. . , .
Sept, , . .
Oct.
Nov. . . .
Dec

4.85
4.86
3.26
3.51
3.26
3.32
3.17
2.50
1.95
3.28
4.02
3.50

4.81
4.69
3.87
3.40
2.87
2.87
3.13
2.53
1,89
2.65
3.53
3.53

3.60
4.14
3.83
3.33
2,77
2.84
3.24
2.70
1.58
2.36
3.26
3.16

1961J a n . . . . .
Feb
Mar. . . .
Apr
May
June. . . .
July
Aug.. . .
Sept. . . .
Oct.....
Nov. . . .
Dec

3.29
3.46
3.46
3.53
3.42
2.82
2.80
2.51
2.84
2.75
2.75
3.24

3.20
3.05
3.21
3.30
3.18
2.69
2.61
2.48
2,42
2.53
2.42
2.82

2.75
2.52
2.98
3.03
2.92
2.45
2.55
2.29
2.17
2.20
2.24
2.37

3.65
3.59
3.70
3.70
3.91
3.76
3.65
3.52
3,57
3.60
3.52
3.58

3.35
1962 Jan
3.42
Feb
Mar.. . , 3.31
3.32
Apr
May. . . . 3.77
June. . . . "6.00
July . . . . 6.00
Aug. . . . 6.00
Sept.. . . 5.50
5.00
Oct
4.00
Nov
Dec
T

3.08
3.11
3.10
3.08
3.36
4.48
5.47
5.15
5.03
4.46
3.81
3.88

2.69
2.63
2.81
3.12
3.00
3.55
4.89
5.03
4.99
4.64
3.82
3.75

3.51
3.56
3.65
3.93
3.98
3.59
3.66
3.46
3.48
3.51
3.50
3,51

1963 Jan
Feb
Mar. . . .
Apr
May....
June. , . .
July. . . .
Aug.. . .
Sept. . . .
Oct
Nov.. . .
Dec

3.82
3.68
3.63
3.58
3.33
3.23
3.39
3,64
3.69
3.57
3,64
3.71

3.68
3.52
3.55
3.60
3.33
2.89
2.91
3.12
3.14
2.99
3.22
3.55

3.39
3,45
3.43
3.92
3.91
4.76
5,26
4.10
3.13
3.64
4,14
4,66

2.50
2.94
3,50
3.06
2.94
3.88
3.44
2.69
2.94
2.88
2.75
2.56

3.50

3.76
3.81
3.88
3.75
3.66
3.56
3.60
3.80
3,79
3.69
3.73
3.85

3.51
3.57
3.70
3.52
3.33
3.28
3.49
3.79
3.77
3,60
3,68
3.84

4.13
4.33
4.98
5.03
6.18
4.91
4.83
4.70
4.74
4.30
4.13
4.16

2.69
2.69
3.38
3.44
3.38
3.31
3.38
3.38
3.69
3.25
3.13
2.88

4.00
4.00
4.00
4.00
4,00
4.50

-.H J

1964Jan
Feb
Mar. , . ,
Apr
May. . . .
June. . . ,
July
Aug. , . .
Sept...
Oct
Nov. . . .
Dec

4.00
3.50
3.50
3.50
4.00

4.00
4.25
4.25

4.00
3.50

3.50
4.00

4.00

day

mon.

3.91
4.11
4.17
4.22
4.25
4.15
4.53
4.05
4.15
3.99
3.76
3.70

2.75
t

2.75
3.00
4.00

4.00
5.00
5.00
5.00
5.00
5.00
4.00
4.00
3.50
3.50
3.50
3.50
3.00

3.00

2.63

For notes see last page of Table 15,24.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

United Kingdom

Cent, Treas. Daybank bills


todisc. 60-90 day
days mon.
rate

Cent,
bank
disc.
rate

Month

Switzerland

Netherlands

1033

2.75
3.50
t

.77
.83
.88
.88
.84

1.00
1.68
1.74
1.32
i

3.50
4.00

4.00
t

3.50

4.50

4.00
5.00
5.00
5.00
5,00
5.00
6.00
6.00
6.00
6.00

.75
t

5.00
7,00
7.00
7.00
6.50
6.00
6.00

i
.75
.95

1,50
1.33
1.11
1.35

1.31
1.02
1.81
2.13
2.46
2.32
2.21
1.53
1.57
1.96
1.85
1.98

1,59
1.75
1.75
1,69
1.78
1.03
1.10
1.50
1.47
1.24

1.93
1.67
1.88
1.91
1.96
1.87
2.07
1.78
1.89
1.95
2.10
2,25

1,66
1.00
1.27
1.62
1.58
1.14
1.92
1.06
1.24
1.11
1.14
1.56

4.00

2.31
2.33
2.88
3.00
3.10
3.81
4.26
3.74
3.70
3.80
3.84
3.68

1.67
1.88
2.51
2.42
2.78
2.05
3.53
2.06
2,09
3.14
2.79
2.09

4.00
5.00

6.00
6.00
'25.00
4.50

,80

4.50
T

2.00
2.50

2.00
2.27
2,50

2.50

2.50
2,68

5.00
7.00
7.00

3.28
3.23
3.41
3.40
3.43
3.54
3.57
3,60
3.59
3.58
3.55
3.72

3.12
3.09
3.30
3.25
3,33
3.45
3.46
3.48
3.48
3.43
3.39
3,61

2.73
2.73
2.67
2,69
2.67
2,74
2.79
2.76
2.78
2.82
2.77
2.85

2.00

4.14
4.69
4.74
4.80
4.76
5.04
5.76
5.75
5.71
5.62
4,98
4.64

4.07
4,55
4.59
4.65
4.58
4.88
5.58
5.58
5.53
5,36
4.74
4.44

3.07
3.78
3.91
3.67
3.87
3,98
4,67
4 79
4.85
4.79
4.30
3.88

2.35
3.00
3.00
3.00
3.00
3.25
4,00
4.00
4.00
3.92
3.50
3.12

4.45
4.48
4.61
4,63
4,55
4.64
4.72
6.91
6.84
6.37
5,67
5.61

4.25
4.31
4.48
4.45
4.38
4.50
5.10
6.71
6.60
5.94
5.41
5.35

3.77
3.76
3.74
3.65
3.81
3,67
3.98
5.64
5.71
5.42
4.89
4.83

3.00

5.65
5,65
5.13
4.50
4.14
3.98
4.09
4.02
3.93
3.92
4.03
3.86

5.35
5,41
4.86
4.26
3.94
3.80
3.90
3.79
3.69
3,71
3.77
3.64

4.78
4.72
4.32
3,70
3.24
3.30
3.33
3.32
3.36
3.16
3.31
3.30

4.00
4.00
3.46
2.93
2.50

3.69
3.63
3.70
3.88
3.88
3.84
3.87
3.85
3.88
3.86
3.91
3.91

3.51
3.45
3.55
3,71
3.67
3,69
3.77
3.71
3.69
3.67
3.75
3.74

2.85
2.82
2.82
2,84
2.92
2.88
2.98
2.97
3,00
2.98
3.02
3.00

2.04
2.00

3.91
4.00
4.53
4.53
4.56
4.64
4.73
4.84
4.84
4.88
5.42
6.84

3.72
3.91
4.30
4.30
4,35
4.44
4.57
4.65
4.65
4,69
5.18
6.62

3.03
3.10
3,79
3.81
3.77
3.80
3.67
3,92
3.94
3.99
4.54
5.87

2.00
2.08
3.00

3.00
3,38
5.00
5.00
4.56
4.02
4.00

2.50

4
T

3.00
3.56
5.00

INTERNATIONAL FINANCE
15,23

MONEY RATES IN SELECTED FOREIGN COUNTRIES, MONTHLY, 1941 70Continued


[Per cent per annum]
Canada

Month

1965Jan
Feb
Mar...,
Apr
May . . . .
June . . . .
July....
Aug. . , .
Sept., . .
Oct
Nov. . . .
Dec

France

Cent.
bank
disc.
rate

Treas
bills
3
mos.

mon.

4.25

3.78
3.72
3.69
3.67
3.84
3.95
4.00
4.08
4.11
4.14
4.17
4.45

3.83
3.57
3.45
3.51
3.79
3.80
3.76
3,91
3.98
3.93
3.89
4.03
4 05
3.97
4.33
5.10
5.04
4.99
5.01
4.75
4.82
4.89
4.94
4,71

3 83
4,34
4.55
4.34
4.83
4.79
4.79
4.78
4.85
5.26
5.41
5.68

4.25
4.75

Daytoday

Treas. Daybills
to60-90 day
days mon.

Cent.
bank
disc.
rate

Treas.
bills j
3
mos.

4.00
4.00
4.00
3.50

3.77
4.11
4.45
4.00
4.22
4.36
4.34
4.01
3.86
3.88
4.62
4.48

3.13
?

2.44
3.56
4.06
4.19
3.44
4.44
4.06
3.44
4.75
4.31
4.19
4.00

4.50

3.29
2.43
3.34 3.69
3.39
3.05
3.39 3.54
4.05 3.67
4.08 t 2.69
4.13 i 3.53
4.07 2.68
4.00 2.66
4.07 3.13
4.16 3.91
4.29 3.47

5,25

4.61
4.67
4.87
5,09
5.10
5.06
5.07
5.07
5.03
5,13
5.18
5.05

1967Jan
Feb
Mar.. . .
Apr
May . . . .
June
July....
Aug. . . .
Sept, . . .
Oct
Nov... .
Dec

5.00
5.00
5.00
4.50
4.50
4.50
4.50
4.50
5,00
5.00
6.00
6.00

4.83
4.62
4.26
4.00
4.14
4,34
4.27
4.33
4.50
4.91
5.15
5.80

4.78
4.43
4.24
3.90
4/12
4.27
3.68
4.16
4.24
4.82
4.69
5.67

5.57
5.06
5.02
5.03
4.79
4.29
4.76
4.46
4.34
4.48
4.67
4.76

1968 Jan
7.00
7.00
Feb
Mar... . 7.50
Apr
7.50
7.50
May. . . .
June. . . . 7.50
July. . .. 106.50
Aug. . . .
6.50
Sept
6.00
6.00
Oct
Nov.... 6.00
6.50
Dec

6.01
6.69
6.93
6.91
6.96
6.75
6.21
5.75
5.62
5.63
5.64
5.96

5.32
6.38
6.76
6,85
6.75
6.35
5.68
5.04
5.11
5.10
4.73
5.31

5.00
4.77
5.07
5.12
5.66
5,76
6,00
5.92
6.76
7.08
9,16
8.22

6.50
6.50
7,00
7.00
7.00
7.50
8.00

6.36
6.31
6.62
6.69
6.74
7,03
7.49
7.65
7.75
7.68
7,71
7.78

6.02
5.34
5.89
6.47
6.67
6.98
7.40
7.57
7.77
7.71
7.78
7.78

7.80
1 7 - 70
7.35
6.81
6.51
5.90
5.79
5.66
5.44
5.25
4.74
4,47

7.88
7.81
7.35
6.82
6.66
5.98
6.00
5.74
5.51
5.24
4.52
5.07

1969Jan
Feb
Mar. . . .
Apr
May....
June
July.
...
A
Aug. . . .

Sept, . . .
Oct
Nov. , . .
Dec

1970Jan
Feb
Mar.. . .
Apr
May..,.
June. . .
July. . . '
Aug. . .
Sept. . .
Oct
Nov.. . .
Dec

i
8.00
7.50
7.00
7.00
7.00
6.50
6.50
6.00
6.00

3.50
5.00
5,00
5.00
5.00
6.00

3.50

3.50
4.00
T

4.00
5.00

4 00
4.00
4.00
4.00
5.00

5,00

5.00
4.75

4.50
4.00
4.00
3.50
3.00

4.13
3.75
3,75
3,75
3.00
2,75

8.04
7.88
8.18
8.34
8,96
9.46
9.23
8,84
9.39
9.37
9.59
10.38

3.00
4.00
4.00
5.00
5.00
5.00
6.00

10.21
9.70
9.47
9.02
8.90
9.35
i
8.57
8.00
7.50 8.13
7.50 8.13
7.00 7.82
7,00 7,30
7,00 7.46

6.00
7.50
7.50
7.50
7.50
7,00
7.00
7.00
7.00
6.50
6,00

6.00
7.00
7.00
7.00
7.00
8.00

3.13
3.88
3.88
3.88
3.88
3.88

2.75
3.75
3.75
4.75
4.75
4.75
5.75

5.75
7.00
7.00
7.00
7.00
6.75
6.75
6.75
6.75
6.25
5.75

4 25
4.50
5.19
5.19
5.06
6.31
5.75
5.44
5.50
5.81
5.25
6.69

5.13
5.00
4.00
4.19
3.00
3.63
2.38
"2.45
3.12
2.06
2.16
2.77

4.50
5.00

5.00
4.50

:
:
;

:
i
6.00

2.50
T

3.00

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1034

3.00

4.87
4.78
4.64
4.47
4.56
4.56
4.54
4.49
4.48
4.50
4.50
4.51

4.31
i 4.25 6.50
5.04
6.50
T
4.57
6.00
4.25
6,00
5.50
4.36 '
4.38 3 50 4.25 5.50
4.38 3 00 | 4.13 5.50
1 4.00 5.50
3.83
4.00 5.50
3.69
3.75 6.00
4.60
3.23
'*8.00
4.05
.00

3 50
!

3.50
3.88
4.00
4.00
4.00
4.00
4.00

2 50
3 50

8.00
8.00
7.50

T
f

7 ."50
7.00
7.00
7.00
7.00

3.75
3.81
4.00
4.00
4.06
4.25
4.25
4.38
4.75
4.75
4.75

i
i
,

3.00
3.75
,

6.76
7.05
1 7.04
5.57
7.07
6.92
6.96
6.03 1
6.31
1
6.00 6.89
1
5.75 4.33
5.91 6.73 3.73

4.75
4.75
4.94
5.25

T: ;
.

i i

7.00
8.00

5 50
5.57
5.61
5.62
5.65
5.69
6.31
6.70
6.75
6.62
6.61
6.64

7.78 7.48
7.75 7.45
7.65 , 7.25
7.42
7.08
7.42 7.15
7.54 7.21
7.58 7.15
7.44 6.95
7.24 6.74
6.97
6.51
7.03 6.67
7.26 6.80

T
t
l

5.25 j! 7.00
,

4 86 1
4i86
:
4.76
:
4.94
;
4.96
I
4.85
4.00
5.48 4.58
5.98
5.00
6.05
5.00
6.03 5.00
5.00
6.02
6.00 5,00

6.85
6.86
6.72
6.48
6.51
6.42
6.51
6,43
6,21
5.93
5.92
5.99

7.28
5.91
6.77
7.32 <>,97 6.08
8.35 7.78 6.90
8.41 \ 7 . 79 6.88
8.46 i 7.82
6.88
8.23 ; 7.89 6.66
8.88 7.86 6.95
7.80 6.95
7.80
7.07
7.02
7.73
7.72 i 6.85
7.70 6.90

8.88
8.60
8.30
8.06
8.06
8.07
8.06
8.06
8.06
8.06
8.06

6.00

f 6.00
5.81
5.50
i 5.50
5.50

5.50
5.50
5.31

5.00
j 5.00
i 5.00

5.00
5.08
6.00
1
:

7,55
6.88
*
7.60 7.03 i 6.00
7.27 6.97 5.56
6,94 6.26 ! 5.23
6.82 i 6.03
5.00
6,87 6.03 , !
6,82
6.01
6 81 6. OB
6.82 5.84
j 6.81 i 5.93
f 6.81 5.81 | i
, 6.82 | 5.95
5.00
,
<i
.*
\

5.00
5.00
5.00
5.00
5.00
4.08
4.00
t

6.29 5.93 4.90


5.99
5.50 4.50
5.72 5.30 4.26
5.39 4.98
4,00
5.23 4.55 i 3.56
5.27 4.54 3.50
5.34 ( 4.51 3.50
5.32 ' 4.56 3.50
5.34 4.58 3.50
5.60 4.81 3.71
5.80 4.90
6.55
7.52 6.83
6.00

6.77
6.40
6.18
5.69
5.47
5.44
5.47
5.53
5.54
5.79
6.88
7.78

8.00
7.50
7,00

Bkrs.
alls.
on
deps.

6.60 5.92 ,
5.92
6.48
6.45 ! 5.92
6.45 5.90
6.31 5.90 J
5.59 5.02
5.59 4.93 5,56 4,97
5.51 4.95
5.52 4.96
5.45 4,93
5.48 4.79

7.00
6.84
7.00 ,1 6.74
6.74
7.00
1
7.00 ! 6,78
' 7.00 6.73
i 6.00 6.04
5.97
T
i 5,97
5.97
5,92
5.91
! 5.91
i
5 91
i 5.95
5.97
5.97
;
5.97
'. ! 5.94
6.56
6,97
7.01
6.97
6.93
4,
6.94
6.00

3.72
4.25
4.05
4.33
4.90
4,87
5.11
4.65
3.89
4.70
5.22
3.68

'

For notes see last page of Table 15,24.

United Kingdom

4.32
4.34
4.48
4.50 1
4.87
4.95
4.94
4.90
4.73
4.96
5.00
4,90 |

2.26
4.33 3.12
2.85
4.19
3.65
2.69
:
4.34 3.10
2.72
:
4.33 j 3.49
2.99
4.43 4.53
2.68
:
4.56 4.69
2.43 1 : !! 4.57 4.40
3.07 1 :
4.47 3,81
2.66
:
4.39 3.73
3.18
4.47 4,15
I
1.55 4.50 4.50 4.86
1.84 5.00 4.65 4.96
3.30 5.00 4.90 4 44
3.27 i 5.00 5.00 5.38
3.63 5.00 5.00 5.38
2.46 5.50 5.39 5.77
1.63 5.50 5.50 5.88
5.02 5.50 5.50 5.92
5.80 5.50
5.50 7.17
5.87 6.00
5.98 7.71
4.03
6.00 7.66
T
6.68
3.80
5.88
7.65
5.95 5.55
8.35
:
6.00 7,11
9,09
8.48
9.55
9.68
9.23
8.76
8.86
7.85
9.15
7.43
8,44
7.52

i Switzerland 1

i
Day- 1 Cent. | Priv 1 Cent. Bkrs, 1 Treas. Daytobank i disc. bank
aebills
today
disc.
disc. eeps.
3
day
rate
mon. rate
rate 3 mos. mos. mon.

Day- Cent.
tobank
disc.
day
mon. rate

4.75
4.75
5.25

Netherlands

Cent.
bank
disc.
rate

1966 Jan
Feb
Mar. . . .
Apr
May. . . .
June... .
July. . . .
Aug. . . .
Sept
Oct
Nov.. . .
Dec

Germany

'
1
1
J
,
i
'
J

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70

AUSTRALIA
[Averages of daily rates; cents per pound through Feb. 14, 1966; Australian dollar thereafter]

1941

1943

1942

1944

1945

Month
or year
Free

Official

Official

Free

Official

Free

Official

Official

Jan
Feb

322.8000 321.5000 322.8000 321.5033 322.8000 321.5033 322.8000 322.8000


321.1051
1321.5033
t
t
T
T
T
T
321.3012
Mar
320.6995
J^ay". !."."'
321,1939
321,2525
June . .
321.3102
July
3321.3483
321.2764
AUK
320.8741
321.3341
Scot.
320.7033
321.3662
321.3117
Oct
321.4346
321.5033
321.4113
Nov..
322.8000 = 322.8000 321.4073
322.8000 321.5033 322.8000 321.5036 322.8000
Dec
Year. .

1947

1948

321.4113
321.4113
321.4113
321.3966
321.3805
321.4113
321.4113
321.4113
321.3846
321.2710
321.1897
321.0717

321.0626
320.9097
320.9120
320.9120
320.9088
320.8953
320.8953
320.9168
321.1190
321.1896
321.1532
321.2140

321.1641
321.2032
321.2133
321.2274
321.2068
321.2133
321.2273
321.2299
321.2294
321.2276
321.2313
321.2313

1949

1950

321.2215 223.1573
321.2270
T
321.2065
321.1184
321.1481
321.0002
321.1047
321.0293
274.3879
223.1635
223.1617 223.1573
223.1573 223.1017

322.8000 321.2730 322.8000 321.5033 322.8000 1321.5033 322.8000 2322.8000 3321.1749 321.3446 321.0047 321.2173 293.8003 223.1529

Month
or year
Jan....
Feb
Mar..
Apr. . .
May . .
June
July...
Aug. . .
Sept...
Oct. ...
Nov..
Dec.

1946
Free

1951
223.0898
223.1568
. . ' 223.1573
223.1573
223,1565
223.1585
223.1281
223.0114
223.0079
223.0603
223.1451
222.6095

.
....
. .

'
,

1954

1952

1953

221.9212
222.0033
223.0271
224.0952
223.2438
221.8831
222.1651
222.1913
221.7265
222.5465
223.1163
223.5791

224.1280
224.6199
224.3548
224.4291
224,2493
224.1869
224.3233
224.3031
223.3340
223.5691
223.9744
223.9318

224.0143
224.1321
224.2659
224.5513
224.5832
224.5559
224.5118
224.1322
223.1759
222.8855
222.6667
222.1003

1955

1956

221.9249
221.8013
222.4244
222.8289
222.7783
222.2935
221.9069
222.0433
221.9779
222.4738
223.2233
223.3150

223,6347
223,6225
223.5012
223.7229
223.7104
223.2806
222.5775
221.7582
221.7559
221.8776
221.7100
221.9152

1957

1959

1958

222.7661
222.9554
222.5536
222.2193
222.3875
222.3297
222.1374
221.7323
221.9194
223.0935
223.3152
223.5696

224.1607
224.3602
224.3343
224.4671
224.3602
223.9927
223.4245
223.5144
223.3691
223.6691
223.5484
223.4103

223.6228
223.8521
224.1201
224.4247
224.2663
224.1064
224.0362
223.8647
223.4027
223.6067
223.3209
222.9837

1960
223.0883
223.3698
223.5744
223.8641
223.5861
223.3208
223.7783
223.9235
224.1206
224.0306
224.1847
223.6947

223.0708 222.6267 224.1160 223.8001 222.4128 222.7637 222.5694 223.8847 223.8093 223.7103

Year
Month
or year

1961

1962

1963

1964

1965

Jan
Feb
Mar
Apr.
May
June
July... .
Aug.
Sent.
Oct
Nov. . .
Dec.

223.62
223.10
222.91
222.95
222.63
222.30
222.10
223.34
224.08
224.33
224.30
223.88

223.98
224.27
224.32
224.22
224.07
223.77
223.63
223.41
223.18
223.21
223.26
223.37

223.49
223.38
223.16
223.16
223.08
223.12
223.17
223.07
222.92
222.93
222.93
222.83

222.97
222.86
222.95
223.03
223.06
222.64
222.29
222.04
221.79
221.79
221.90
222.36

222.42
222.72
222.50
222.80
222.87
222.49
222.39
222.37
222.84
223.35
223.40
223.27

223.42
* 223.38

223.28

223.73

223.10

222.48

222.78

223.41

: .
...

....

....
.
,

...

.
.
. . .
..

....
....

Year

1966

1967

1969

1968

1970

M 1 1 .62
111.36
111.29
111.25
111.15
111.11
111.11
111.13
111.22
111.20
111.16

111.20
111.85
M1.32
111.98
111.41 111.98
111.54
111.52
111.64
111.43
111.20
111.05
110.84
111.05
110.97
111.09
1 10.90
111.14
110.97
110.88
111.28
111.08
111.85
110.89

110.95
111,15
111.17
111.24
1 10.93
111.07
111.11
110.87
110.81
111.10
111.38
111.43

111.58
111.77
111.83
111.84
111.73
111.45
111.12
1 10.99
110.87
110.97
111.11
111.12

8111.22

111.25

1 1 1 .25

111.10

111.36

4
6

1 Based on quotations through Feb. 1.


2 Based on quotations through July 6; official rate discontinued
thereafter.
9
Based on quotations beginning July 7. After this date quotations
are buying rates in the New York market.

Based on quotations through Feb. 11.


Effective Feb. 14. Australia adopted the decimal currency system. The
new unit, the dollar, which replaced the pound, consists of 100 cents,
equivalent to 10 shillings or one-half the former pound. Annual figure
based
on quotations beginning Feb. 14.
6
Quotations not available Mar. 15.
AUSTRIA

[Averages of daily rates; cents per schilling]


Month
or year
Jan....
Feb
Mar
Apr
May
June . .
July
Aug
Sept
Oct
Nov
Dec
Year
1

1953

195456

1957

1958

3.8449 3.8391
3.8419 3.8352
3.8418 3.8314
3.8407 3.8306
3.8406 3.8308
3.8426 3.8368
3.8468 3.8554
3.8573 3.8592
3.8609 3.8634
3.8509 3.8660
3.8432 3.8648
3.8409 3.8671

3.8647
3.8643
3.8659
3.8690
3.8698
3.8700
3.8700
3.8700
3.8700
3.8701
3.8680
3.8694

3.8461

3.8481

3.8685

13.8580
3.8580

3.8580 3.8536

3.8536

13.8580

3.8580

3.8536

3.8619

....

3.8539

Based on quotations beginning Nov. 30.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1962

1960

3.8444
3.8481
3.8484
3.8487
3.8488
3.8510
3.8506
3.8502
3.8525
3.8526
3.8526
3.8523

3.8580 3.8570 3.8536


t
3.8536
T

1961

1959

1035

1965

1966

1967

1968

1969

1970

3.8694 3,8702
3.8676 3.8681
3.8681 3.8675
3.8676 3.8687
3.8677 3.8686
3.8702 3.8694
3.8719 3.8710
3.8712 3.8725
3.8706 3.8712
- 3.8686 3.8699
3.8659 3.8693
3.8690 3.8707

3.8697
3.8681
3.8694
3.8700
3.8701
3.8713
3,8726
3.8724
3.8721
3.8707
3.8700
3.8680

3.8673
3.8669
3.8676
3.8677
3.8681
3.8694
3.8705
3.8718
3.8720
3.8700
3.8668
3.8651

3.8648
3.8653
3.8679
3.8679
3.8686
3.8698
3.8714
3.8728
3.8720
3.8693
3.8656
3.8696

3.8696
3.8648
3.8645
3.8635
3.8655
3.8670
3.8683
3.8706
3.8702
3.8702
3.8706
3.8664

3.8670
3.8650
3.8671
3.8669
3.8646
3.8647
3.8664
3.8668
3.8637
3.8644
3.8621
3.8652

3.8649
3.8663
3.8663
3.8651
3.8614
3.8618
3.8670
3.8638
3.8684
3.8698
3.8676
3.8681

3.8690 3.8698

3.8704

3.8686 3.8688

3.8675

3.8654

3.8659

1963

1964

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


BELGIUM
[Averages of daily rates; cents per franc]

1949
Month
or year

1947

1946

1945

194S
Official

19 50

Bank
notes
acct.

Official

2.2840
2.2845
2.2845
2.2844
2.2846
2.2847
2.2847
.2847
.2803
.2798
.2797
.2795

.2790
.2797
.2822
.2836
.2831
.2832
.2818
.2821
2.2833
2.2830
2.2812
2.2789

.2784
.2789
.2793
.2796
.2798
.2805
.2807
.2830
.2844
.2850
.2850
.2847

2.2844
2.2847
2.2828
.2752
.2750
.2750
.2750
.2750
.1684
.9960
.9980
.9998

12.1000
.1605
.1791
.2211
.1752
.1909
.1115
.9917
i .9969

2.0001
I 9993
.9966
.9912
.992!
.9866
.9835
.9837
.9838
.9876
1.9876
1.9983

2.2829

2.2817

2.2816

2.2009

'2.1407

Month
or year

1957

1958

1959

I960

Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec

9912
.9900
.9900
.9887
.9862
.9875
.9908
.9865
.9874
.9929
.9983
.999 1

1 9986
.0024
.0041
.0047
.0050
.0050
.0049
.0050
.0056
.0061
.0056
.0057

2.0003
2.0004
.9997
2.00 1 7
2.0057
2.0027
2.003 1
2.0013
1 .9989
1 .9993
1 .9990
1.9996

Year

.9906

2.0044

">.0012

Jan.
Feb
Mar
Apr
May
June
July
Aug.. .;. . .

Sept...;... '22.2883'
2.2879
Oct
2.2857
Nov
2.2839
Dec, .
Year

22.2860

19 51

Bank
notes
acct.

Bank
notes
acct.

Official

1952

1953

1954

1955

1956

.9838
.9842
.9879
.9920
.9965
.9979
.9941

1 9934
1 9966
1.9976
1.9971
2.0019
2.0007
2.0011
2.0006
2.0050
2.0063
2.0062
2.0053

^ 0021
20036
1.9931
1.9868
1.9909
2.0032
2.0009
1.9994
2.0007
1 .9977
1.9982
1 9954

1 9959
1 9938
1.9856
1.9890
1.9896
1.9871
.9864
.9874
.9874
.991 1
.9955
9986

20001
2 0000
^0021
2.0035
2.0029
2.0032
2.0074
2.0049
2,0064
2.0084
2.0022
I 9945

1. 9975

1.9905,

2.0030

.9549
9774
.9306
.9491
.9501
.9568
.9788
.9876
* .9876

'1.9702
1.9737
1.9720

.9945
.9883
.9843
.9830
.9833
.9845
.9864
.9890
.9866
.9838
.9838
.9838

1.9908

'1.9722

1.9859

M.9622

1.9878

2.0009

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

.0017
.0048
.0051
.0061
.0055
.0053
.0041
.9955
.0024
.0061
2.0130
2.0131

20074
2.0026
2.0042
1.9985
1.9983
2.0018
2.0081
2.0080
2.0084
2.0085
2.0085
2.0086

"> 0086
2.0086
2.0086
".0080
"> 0089
2.0098
2.0103
2.0105
2.0093
2.0094
2.0098
2.0098

"> 0086
2.0073
\0049
2.0058
2.0055
2.0036
2.0038
2.0039
2.0017
2.0026
2.0059
2.0067

t 0071
2.0068
2.0070
2.0082
2.0089
2.0060
2.0085
2.0103
2.0 P6
2.0146
2.0149
2.0144

0148
.0147
.0144
.0147
.0147
.0147
.0145
.0146
.0140
.0130
.0145
.0141

"> 0115
2.0107
2.0087
20054
2 0089
2.0079
2.0110
2.0122
2.0035
2.0001
2.0012
1 .9987

2 0005
2.0100
2.01 16
2.0121
20145
2.0143
2.0147
2.0148
20146
2.0147
2.0145
2.0138

"* 0138
2.0123
2.0142
20136
^ 0105
2.0110
2.0058
2.0013
1.9982
1.9916
5
1. 9864
1.9927

99"> I
.9928
.9883
.9890
9925
,9868
.9889
.9885
.9869
2.0023
2.0121
2.0125

20124
2.0131
2.0131
20127
20140
2.0142
2.0146
2.0145
2.0145
2.0146
2,0147
2.0137

2.0051

2.0052

2.0093

2.0052

2.0099

2.0144

2.0067

~>.0125

2.0026

1.9942

2.0139

1
Based on quotations Mar. 22-Nov. 10.
*3 Based on quotations beginning Sept. 24.
Based on quotations through Sept. 19

9838
j

' Based on quotations beginning Oct. 11.


' Quotations not available Nov. 20.

CANADA
[Averages of daily rates; cents per Canadian dollar]
19 41

Month
or year

19 42

Free

Official

90 . 9090
i

90 9090

84.8014
83.6869
84 . 9807
87 6507
87.4205
88.1832
88 . 2706
88.9608
89.1343
88.7810
88.6035
87 3947

90 . 9090

87.3447

Jan.
Feb
Mar.
Apr.
May
June
July
Aug
Sept
Oct
Nov
Dec

90 9090

Year. . .

Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov. . .
Dec

Year

Official
100.0000
t

90 9090
90 9090

89 9777

90*9090
90 9090

88 1787

Official

Official

Free

90 4849 > 95.1984

93.2875

1951

1
100 0000

100 0000

9! 9990 100 0000

91 6909

9-) 8805 2 90 9090 3<)l 4735

1036

90 9090

1952

90.9090

1953

1954

Free

92.4442
92.6675
93 . 2608
93 5658
95 1495
95 5209
94 5445
95 "H76
9"> 7^39
90 4308
89 8639
88 4069

97 4909

Free

90 9090

89 8534

90.4553 100.0000
89.0619
T
89 . 2799
90.0131
92 2730
93 2^87
i
92 8785
92 7010 100 0000
9"* 1796 95 9091
9"> 8980 90 9090
92 3830 90 9090
9"* ^496 90 9090

...

Official

90.9090
198.3471
100.0000
100.0000
100.0000
100.0000
100 0000

90 9090

Official

Free

90.7123
90.6953
90.7471
90. 763 S
90.6794
90.5974
96.6621
96.7841
96.2539
95.9525
95.1820
95 4443

90 9090

19 50

1946

89 9677
90.5525
90 2951
90 5064
90.7530
90 8282
90.7357
90.4751
89.9080
90.3579
90.7355
90 7">53

90 9090

19 49

Free

Official

89 5538
89.5863
89 3261
89 9688
90.5067
90 4026
90.1781
90.0032
89.3561
89.7361
89.8357
89 7467

95.0778 100.0000
95.6924
T
94.2166
9 1 . 9009
91.9542
9 1 . 59 1 9
9! 65">0
91 9983
90 3616
89 9886
89 5887
1
88 3590 100 0000

For footnotes see following page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

90 9090

19 45

Free

Official

89 6395
90.0373
89 9'>">9
90 1990
90.1370
90 0985
90.5850
90.6376
90.1503
89.4255
89.4217
89 4037

90 9090

19 48

Free

Free

Official

87 8113
88.4177
87 6659
87 17~>9
88.5573
89.9576
89.9426
89.5234
87.8195
87.6309
88.0871
S7 88"1?

19 47

Month
or year

Free

Official

19 44

19 43

90.9090

89.2053
89.8203 :
90.2537
90 2047
90 1104
90 4556
90 7660
90 8441
I
2
90 9090 90 8415
394 g'vP
96 0437
94 9P5

95.0018
95 . 2708
95.4204
94.3528
93 9982
93 4840
94 2522
94 7001
94 7058
95 1 1 22
95 8197
97 4103

99.4895
99 . 8690
100.3753
101.8906
101.6151
102 0855
103 1196
103 9843
104 1706
103 6808
102.2893
103 0020

103.0137
102.3018
101.6658
101.6546
100.5588
100.5465
100.7822
101.1802
101 .5800
101.7619
102.2656
102.7541

102.7808
103.4392
102.9962
101.7858
101.5749
101.8821
102.6106
103.0601
103.1125
1 03 . 0942
103.1604
103.2917

94 9390 10"* I486 101 6502 102.7242


. '.ii

INTERNATIONAL
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


CANADAContinued
[Averages of daily rates; cents per Canadian dollar]

Month
or year

1955

1956

1957

1958

1959

1960

Jan
Feb. ...
Mar
Apr
May. .
June
July
Aug
Sept. . .
Oct
Nov
Dec

103.4982
102 3839
101.5873
101.4045
101 4054
101 5682
101.5550
101.5017
101 2278
100 4736
100.0467
100.0476

100.1222
100 0797
100 1217
100.3016
100 8032
101 4760
101.8348
101.9070
102 2741
102 7316
103 7247
104.0946

104.0848
104 3345
104 5769
104 1837
104 6378
104 8910
105 1504
105.4703
104 2406
103 6364
103.9210
102.3038

101.5350
101.9343
102.3116
103.0106
103 3960
103.9602
104.1617
103.6449
102.3571
103.0055
103.2528
103.6602

103.4016
102.5826
103.1165
103.7742
103 8381
104.2777
104.4558
104.7540
105 0773
105.5061
105.2153
105.1212

104.9059
105 0657
105.1547
103.8413
102 2448
101 7900
102.1920
103.1015
102 8177
102.1810
102.3673
101.7806

Year

101 4006 101 6005 104 2907 103.0252 104.2672 103.1218

Month
or year

Jan.
Feb
Mar
Apr
May
June. .
July
Aug
Sect. . . .
Oct
Nov
Dec

1961

1962

1963

1964

1965

100 694
101 026
101.265
101.110
101 255
99 471
96.701
96.933
97 003
97.039
96.532
95.885

95 678
95 335
95 277
95.232
4
92 394
91 911
92 654
92.777
92 848
92 914
92 849
92.924

92 823
92 777
92 746
92 851
92 810
92 722
92 598
92 325
92 590
92 757
92,778
92 . 629

92 551
92 575
92 534
92 498
92 499
92 499
92 473
92 . 690
92 913
92 984
93 100
93.039

93 109
92 943
92 480
92 654
92 627
92 381
92 280
92 714
92 888
92 999
93 009
92.939

93
92
92
92
92
92
93
92
92
92
92
92

98 . 760 * 93. 561

92 699

92 689

92 743

Year

1
On July 5 the Canadian government reduced its official buying rate
from 1.10 to 1.00 Canadian dollar per U.S. dollar.
28 Based on quotations through Sept. 30; official rate abolished thereafter.
Based on quotations beginning Oct. 4.

1967

1968

1969

1970

035
895
901
836
863
876
017
992
904
631
^98
319

92 623
92 529
92 415
92 378
92 400
92 544
92 766
92.937
92 989
93 149
93 004
92 559

92 559
92 181
91 962
92.171
92 568
92 760
92.846
93.123
93 213
93 182
93 . 202
93.177

93 206
93 060
92 863
92 903
92 837
92 628
92 526
92 . 743
92 732
92 762
92.941
93.083

93 199
93 179
93 212
93 . 207
93 195
696 273
96 872
97.890
98 422
97 890
98.014
98.276

92 811

92 689

92 801

92.855

95.802

1966

4
Effective May 2 the par value of the Canadian dollar was set at 92.5
U.S. cents.
On June I, the Canadian Government announced that, for the time
being, Canada would not maintain the exchange rate of the Canadian
dollar within the margins required by IMF rules.

DENMARK
[Averages of daily rates; cents per krone]
Month
or year

1946

1947
20 8667
20 8658
20 8658
20,8658
20 8658
20.8654
20 8621
20.8615
20.8607
208611
20.8625
20 8604

1948

1949

20.8604 208535
20 8604
t
20 8604
20.8604
20 8604
20.8589
20 8579
4
20.8545 20.8515
20.8535 18 1766
208535 144938
20.8535 14.4938
20.8535 14 4938

1950

1952

1951

1953

1954

1955-57

1958

1959

1960
14,4745
144841
14 5024
14 5119
14 4800
14 4892
14 5120
14,5125
14 5380
14 5246
14.5222
145106

14 4938
14 4938
14 4938
144938
14 4927
1 4 4939 14 4835
144938 14 4845
144916
T
144916
144916
144916
4
14.4938 14 4916

144916

144916

144938

14 4822

14 4822

1 4 4909
14 4944
14 5153
14 5280
14 5158
1 4 5249
14 5235
14.5081
14 4992
14 5108
4
14.4822 14.4960
14 4832 14 4843

19.1168

14.4938

144916

14 4937

144839

14 4822

14.4823

196H

1962

1963

1964

1965

1966

1967

1968

1969

1970

14 527
14522
14 534
14 510
14.496

June. .
July
Aug
Sept.
Oct
Nov
Dec

14 500
14468
14471
14466
14.434
14430
14.429
14.485
14 515
14.521
14.520
14 541

14 511
14.483
14.458
14443
14.442
14.455
1449S

14487
14 480
14492
14 491
14.477
14490
14.488
14.470
14485
14.479
14484
14 489

14471
14 457
14484
14 494
14482
14 470
14.459
14438
14435
14.430
14430
14 459

14458
14 460
14453
14462
14456
14 429
14418
14405
14 457
14 502
14 506
14 520

14 518
14 495
14491
14 485
14459
14458
14444
14436
14 471
14488
14474
14 484

14468
14 444
14467
14472
14*453
14439
14413
14403
14 417
14416
14028
13 404

13 404
13 409
13 412
13 419
13413
13 399
13.373
13 317
13 302
13.321

a 13 321
13 308

13 317
13 288
13 321
13 285
13 269
13 282
13.282
13282
13 287
13 297
13 334
13 348

13 339
13 337
13 340
13 325
13.324
13 334
13.330
13 329
13 331
13 331
. 13 336
13 354

Year. . .

14482

14490

14484

14460

14 460

14475

14325

13 362

13 299

13 334

Jan
Feb.
Mar.

Aug
Sept
Oct.
Nov
Dec.

1 20 8766
20 8766
20.8766
20 8766
20.8765
20 8765
20.8766
20.8766
20 8765
20.8765
20.8693

Year

i 20.8758 20.8637 20.8573

Apr. . . .
May
June
July

Month
or year

Jan. . .
Feb.
Mar
Apr.
May

144938
144938
14 4938
14 4938
14 4938

144911

1
2

Based on quotations beginning Feb. 5.


Monthly figures not previously published. Yearly figure slightly
revised.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1037

144932
14 4938

14 4892
14 4889
14 4880
14 4839
14 4822

14 4822

Qu6tations not available Nov. 20-22.

144822

14.5081

14.5052

15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued

FRANCE
[Averages of daily rates; cents per franc through December 1959 and beginning 1963; cents per new franc during 1960 62]

1948
Month
or year

1945

1946

1950
Official

Jan., .
Feb
Mar.
Apr, ...
May
June
July..
Aug
Sept.
Oct. ...
Nov
Dec.

..

Year

1949

1947
Free

Official

.4671

.8408
.8408
.8408
.8407
.8408
.8407
.8407
,8405
.8407
.8407
,8404
.8403

1.8400
2.4671
t

32.0189
2.0189
2.0189
2.0186
1.7822

.8410
.8410
.8410
,8409
.8408
.8409
.8409
.8408
.8408
.8409
.8408
.8407

s ,4671
.4671
.4671

2 .3270
.3270
.3277
.3272
.3268
.3265
,3268
.3213
5.3193
.3179
.3154

s 1.9711

.8409

.8407

G .4929

e ,3240

.4671

I960

1961

1962

1951

1952

1953

1954

1955

1956

Free

> .4671

.3141
.3138
.3136
.3106
.3038
.3032
.3025
.3025
.2949
.2861
.2862
.2862

.2863
.2863
.2863
.2860
.2859
.2856
.2856
.2854
.2855
.2856
.2856
.2856

.2856
.2856
.2856
.2856
.2856
.2855
.2856
.2856
.2856
.2855
.2856
.2856

.2856
.2854
.2856

.3017

.2858

.2856

,2854
.2855
t

.1856
1

.2856
t

.*2856

.2856
.2855
.2855
.2855
,2856
.2856
.2856

.2856

.2856
,2855
.2855
.2854

,2855

.2856

.2856

.2856

2856

.2855

.2856
I

1957
Month
or year

Official'1

1958

1959

1963

1964

1965

1966

1967

20.404
20.404
20.400
20.401
20.397
20,405
20.405
20.403
20.400
20.393
20.403
20.402

20.399
20.401
20.402
20.403
20.402
20.403
20.403
20.394
20.314
20.247
20.231
20.199

20.199 20.307 20.199


20.217 20.315 20.188
20.203 20316 20.167
20.227 20.290 20.145
20.319 20.212 20.115
20.375 20.107 20.110
20.395 20.107 20.110
20.386 20.105 18.627
20.382 20.106 18.005
20.393 20.104 17.907
20.401 "20.121
17.928
20.381 20.199 17.952

18.005
18.034
18.038
18.076
18.108
18.111
18.120
18.109
18.112
18.104
18.120
18.107

20.401

20.352

20.323

18.087

1963

1969

1970

Free

Jan
Feb
Mar.
Apr. .
May
June
July
Aug
Sent.
Oct..
Nov
Dec.

.2855
.2855
.2855
.2855
.2856
.2855
.2856
.2857
.2858
.2858
.2858
.2858

.2376
.2375
.2376
.2376
.2376
.2376
.2379
' .2376 .2382
.2375
.2381
.2375
.2381
.2375
.2381
.2376 '2 .2330

.2037 s 20.3658
.2037 20.3689
.2039 20.3758
.2039 20.3843
.2039 20.3962
.2039 20.4014
.2038 20.4043
.2039 20.4043
.2038 20.4036
.2037 20.3751
.2038 20.4018
.2038 20.3869

20.401
20.402
20.404
20.400
20.404
20.405
20.405
20.352
20.331
20.337
20.364
20.399

20.403 s 20.405
20.402
t
20.405
t
20.405
20.404
20.400
20.405
20.404

20.402
20.403
20.404
20.405
20.405
20.401
20.405
20.405
20.402
20.403
20.405
20.405

Year

.2856

' .2376 ia .2374

.2038 s 20.3892

20.384

20.405 a 20.404

20.404

20.405
20.404

1
Based
2
Based
3
Based
4
Based
5

20.191 IG 19.302

The official rate of exchange, which was continued through June 20,
1958, was .2858 cents per franc through that date. The official rate of
350 francs per U.S. dollar was changed to 420 francs on June 23, 1958.
s A new franc equal to 100 old francs was introduced on Jan. 1.
9
Effective Jan. 1, the franc again became the French monetary unit.
It replaces, at a 1-to-l ratio, the new franc introduced Jan. 1, 1960.
"Effective Aug. 10, the French franc was devalued from 4.94 to 5.55
francs per U.S. dollar.
11 Quotations not available Nov. 20-21, 1968.
12 Effective Dec. 29, the French franc was devalued from 420 to 493.706
francs per U.S. dollar.

on quotations through Jan. 23.


on quotations beginning Feb. 10.
on quotations beginning Aug. 1.
on quotations through Sept. 16; rate abolished thereafter.
Based on quotations through Oct. 15. Quotations not available
Oct.
16-31.
6
Average of daily rates for that part of the year during which quotations
were certified.
7
On Aug. 12, 1957, the French authorities established an effective rate
of 420 francs per U.S. dollar applicable to most foreign exchange transactions until Oct. 28.

GERMANY
[Averages of daily rates; cents per reichsmark through June 14, 1941; cents per deutsche mark thereafter]
Month
or year

1941

1950

1951-54

1955

Jan.
Feb
Mar.
Apr.
May
June
July . . . .
Aug.
Scot.
Oct.
Nov.
Dec

23.8379
39.9791
39.9688
T
39.9602
39.9615
39.9677
i 39.9700 223.8379

Year

i 39.9676 2 23.8379 23.8379 23.7649

Month
or year

T
i

23.8379

1961

23.8379

23.8379
23.8379
23.8379
23.8341
23.7442
23.7329
23.7321
23.7289
23.7259
23.7240
23.7212
23.7195

1956

23.7188
23.7167
23.7161
23.7160
23.7289
23.7971
23.8388
23.8527
23.8528
23.8433
23.8319
23.8226

1957

23.8080
23.7967
23,7926
23.7903
23.7960
23.7979
23.7997
23.8001
23.8000
23.8001
23.8000
23.7993

1958

23,7953
23.7947
23.7931
23.8076
23.8580
23.8525
23.8556
23.8612
23.8668
23.8921
23.8972
23.9067

23.7861 23.7984 23.8481

1962

1963

1964

1965

1966

1967

1968

1959

23,9302
23.9276
23.9136
23.9131
23.9110
23.9312
23.9177
23.9006
23.9005
23.9313
23.9715
23,9737

1960

23.9752
23.9766
23.9780
23.9780
23.9778
23.9796
23.9786
23.9784
23.9784
23.9680
23.9737
23.9731

23.9263 23.9764

1969

1970

Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov,
Dec. .

23.968
23 966
a 25.020
25.185
25.184
25.166
25.127
25.046
25.019
25.0L6
24.987
25.004

25.028
25011
25.012
25.006
25.009
25.039
25.084
25.020
24.996
24.963
24.947
25.031

24.966
24985
25.023
25.045
25.090
25.121
25.109
25.101
25.121
25.137
25.154
25.165

25.148
25.169
25.163
25.160
25.159
25.165
25.159
25.152
25.154
25.158
25.148
25.149

25.135
25.137
25.144
25.149
25.097
25.003
24.960
24.923
24.934
24.968
24.997
24.992

24.926
24.904
24.914
24.902
24.894
24.963
25.046
25.056
25.069
25.109
25.150
25.169

25.140 24.974
24.978
25.168 24.987 24.881
25.165 25.067 24.879
25.167 25.093 24.925
25.147 25.119 25.065
25.122 25.032 24.992
24.996 24.945 25.002
24.985 24.919 25.083
24.988
25.166 25.236
24.974 25.120 426.801
25.072 525.153 27.101
25.094 25.032 27.131

27.126
27.110
27.225
27.459
27.523
27.528
27.537
27.537
27.537
27.531
27.544
27.437

Year

s 24.903

25,013

25.084

25.157

25.036

25.007

25.084

25.048 "25.491

27.424

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1038

' Based on quotations through June I A


Based on quotations beginning June
Effective Mar. 5, the par value of
deutsche mark was changed from 4.2C
4.00 marks per U.S. dollar.
^ Effective Oct. 26, the new par valu
the deutsche mark was set at 3.66 per I
dollar.
&
Quotations not available Nov. 20-21
2
3

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


INDIA
[Averages of daily rates; cents per rupee]

Month
or year

1941

1943

1942

1946

1944-45

1947

1948

1949

1950

1951

1952

1953

1954

1955

Jan
Feb
Mar,
Apr
May. . .
June
July
Aug
Sept.
Oct
Nov
Dec . . .

30.1484
30.1403
30.1394
30.1289
30.1286
30.1291
30.1283
30.1299
30.1374
30.1513
30.1513
30.1303

21.0386
21.0466
21.0562
21.0841
21.0843
21.0845
21.0938
21.0607
20.9695
20.9379
20.9220
20.8628

20.8435
20.8337
20 8920
20 9305
20 9269
20.8773
20.8473
20.8607
20 8519
20.9073
20,9795
20 9878

Year

30.1367 30.1216 30.1217 30.1215 30.1545 30.1642 130.1687 27.7062 20.8701 20,8692 20.9225 21.0491 21.0203

20.8944

Month
or year

1956

1957

30.1215 30.1215 30.1215 30.1571 30.1720


30.1215
30.1215 30.1525 30.1681
?
30.1215
30.1215 30 1528 30 1676
30.1215
30.1393 30 1595 130.1689
30.1234
30.1816 30. 1 608 30.1690
30.1215
30.1824 30.1634 30.1690
30.1824 30.1708 30.1691
T
30.1848 30.1712 30.1692
30.1703 30.1671 30 1679
30.1560 30.1688 30.1677
30,1548 30.1756 30.1678
i
1
i
30.1215 30.1215 30.1215 30.1516 30.1770 30 1678

30.1226
30.1215
30.1219
30.1215
t

1958

1959

1960

30.1678 20.8700
T
t

i
30.1678
27.2466
20.8225
20.8700
20 8700

i
20.8700
20.8708
20.8700
29 8700
20.8700
20.8700
20 8700

1961

1962

1963

1964

1965

20.8700 20.8188 21.0737


20.8387 21.0887
t
20 9490 21.0609
21 0309 21.0686
20.9880 21.0490
20.8701 21.0445
20.8921 21.0513
20.8928 21,0731
20.8658 20.9946
20.9209 21.0053
1
20.8700 20.9763 21.0436
20.8605 21 0252 21.0392

1966

1967

1968

1969

1970

Jan
Feb..
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

21 0193
21.0167
21 0045
21.0241
21.0219
20.9769
20.9112
20.8299
20,8403
20.8556
20.8403
20.8612

20 9354
209514
20 9629
20.9785
20.9579
20.9348
20,9657
20 9777
20.9897
20.9830
20.9996
20.9817

20975
20950
20940
20.940
20.919
20.889
20.886
20998
21.067
21.089
21.076
21.038

21 045
21 078
21 093
21.075
21.066
21.030
21.019
21 008
20.971
20.963
20.970
20.989

20996
20.984
20963
20.964
20. 62
20.965
20.968
20962
20.951
20.961
20.961
20.954

20963
20959
20968
20.970
20.977
20.945
20.912
20886
20.862
20.859
20.867
20.898

20894 21 005
20915 20998
20912 20949
20^935 20.936
20.939 20.928
20.924 2 14.393
20.914 13.248
20913 13 250
20.943 13.252
13.260
20.978
20.990
13.258
20.994 13.256

13 257
13 272
13 280
13.294
13.267
13.242
13.224
13 220
13.217
13.215
H3.236
13.334

13 337
13 337
13 319
13.318
13.268
13.228
13.240
13 241
13.233
13.241
13.230
13.234

13 244
13 244
13 244
13.249
13.212
13.223
13.228
13 218
13.214
13.217
13.231
13.232

13 239
13 248
13 260
12.260
13.240
13.230
13.219
13 212
13.211
13.217
13.231
13.229

Year

20.9341 20.9104 21.0483 21.0307 20.9681

20.980

21.026

20.966

20.923

20.938 2 16.596

13.255

13.269

13.230

13.233

20.9390
20.9472
209134
20.8905
20.8957
20.8963
20.8844
20.8441
20.8578
20.9403
20.9510
20.9752

21 0504
21.0986
21 0860
21.1013
21.0919
21.0623
21.0003
21.0191
21.0026
21.0288
21.0257
21.0151

21 0412
21.0588
21 0726
21.1005
21.0867
21.0492
21.0320
21 0281
20.9986
21.0104
20.9537
20.9282

1 Beginning with April, excludes Pakistan.


Effective June 6 the Indian rupee was devalued from 4.76 to 7.5 rupees
?er U S. dollar. Quotations not available June 6 and 7.
2

Quotations not available Nov. 21-24.

IRELAND
Averages of daily rates; cents per pound]
Month
or year

Jan
Feb
Mar
Apr
May
June. .
July. .
Aug
Sept
Oct
Nov
Dec. . .
Year

1951

1953

1954

1955

1956

1957

1958

1280.3750
280.3750
280 3750

281. 1396
281.2853
281 4547
281.8101
281.8500
281 8182
281 7594
281.2860
280 0833
279.7208
279 4462
278 7359

278 5163
278 . 3607
279 1404
279 6498
279.5878
278 9782
278 4966
278 6653
278 5838
279 . 2073
280 1463
280 2604

280 6617
280.6442
280 4933
280 7718
280.7571
280 2172
279 3328
278.3061
278 3053
278.4569
278 2450
278 5036

279 . 5723
279 . 8064
279 3049
278.8853
279.0964
279 0239
278 7825
278 2741
278 5090
279.9824
280 2607
280 5799

281.3217
281,5721
281 5397
281 .7063
281.5722
281 1110
280 3978
280.5107
280 3283
280.7048
280 5533
280 3799

280.6467
280.9345
281 2707
281 6530
281.4543
281 2536
281 1655
280.9502
280 3705
280.6265
280,2678
279 8446

279 9759
280.3291
280 5859
280.9496
280.6006
280 2677
280 8418
281.0240
281 2714
281.1585
281 3519
280 7370

i 280 3750

279 6761

281 2655

280 8686

279 1288

279 5681

279 3246

280 9753

280 8807

280 7564

1962

1963

1964

1965

1966

1967

1968

Nov
Dec..

281 10
281 46
281,53
281.40
281.21
280 83
280 66
280.38
280.09
280.13
280.19
280 33

280 48
280 34
280.06
280 07
279.96
280 . 02
280 08
279.96
279 77
279 . 78
279 . 78
279 65

279 83
279 69
279 . 8 1
279 90
279.94
279 42
278 97
278.66
278 34
278.35
278.48
279 06

279 13
279 51
279 24
279 62
279.71
279 23
279 10
279 . 08
279 67
280.31
280 37
280 21

280 39
280 25
279 . 52
279 34
279 . 23
278 98
278 88
278.88
278 93
279.16
279 . 11
279 01

279 10
279 41
279 . 63
279 92
279 . 69
279 12
278 73
278.53
278 37
278.32
3
266.18
240 63

240 91
240 92
2 239 97
240 18
238.92
238 46
239 00
239.11
238 74
238.97
238 58
238 42

Year. . .

280 22

280 78

280.00

279 21

279 59

279 . 30

275 04

239 35

Sept. . . ,
Oct

Based on quotations beginning Oct. 29.


Quotations not available Mar. 15.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1960

281 2817
281 8952
281 5625
281 6600
281 4335
281 3541
281 5258
281 4990
280 2852
280.5823
281 0862
281 0341

280 64
279 99
279 . 75
279 81
279.40
278 98
278 74
280.29
281 22
281.54
281.49
280 96

Aug

1959

280.3750
280.3750
280 3750
280 7683
280.0665
278 4628
278 8196
278 . 8492
278 2649
279 . 2987
280.0116
280 5928

1961
Jan
Feb..
Mar
Apr. . .
May
June. . . .
July . .

1952

1039

Quotations not available Nov. 21.

1969

1970

238 70
239 14
239.17
239 31
238 . 65
238.95
239 04
238.53
238 . 40
239.02
239.63
239 73

240.04
240 47
240.58
240.61
240.37
239 . 77
239 06
238.77
238.53
238.74
239 . 03
239 06

239.01

239.59

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


ITALY
[Averages of daily rates; cents per lira]

Month
or year

1941

Jan.
Feb.
MatApr.
May
June
July
Aug.
Sept
Oct.
Nov
Dec.

5.0432
5 0422
5 0452
5.0475
5 . 0805
2
5. 2621

Year

25.0703

1946

4434

1947

1948

1949

1950

.4434

.1736
1745
1745
.1742
.1739

.1739

.1601
.1601
.1600
.1601

T
i

.4434

.4434
.2923
.2847
.2847
.2779
.1658

i .4434

.3715

Year.

..

1955

.1600
.1600
.11600
.1600
.1601
.1601
.1600

.1600
1601
.1600

1956-57

.1600

1958

1959

1960

.1600
1600
. 1600
. 1601
.1600

.1610
1610
.1610
,1611
.

. 1600

.1600

.1600
.1601
.1600
.1600

.1600

.1601

.1600

.1600

.1600

.1600

.1601

.1610

,1610

1963

1964

1965

1966

1967

1968

1969

1970

,1611

16108
.16100
.16100
.16107
.16108
.16109
,16110
.16110
.16110
.16106
.16104
.16105

16104
16102
.16102
.16100
.16097
.16081
. 1 6086
.16102
16078
.16062
.16065
16065

16065
16061
16029
.16000
. 16001
.16002
.16001
.16002
16002
. 16003
.16003
16003

16003
. 1 6003
.16003
.16004
.16004
.16003
.16005
.16605
.16005
.16003
.16003
. 16004

16002
16003
.16003
.16011
.16010
.16017
. 1 6028
.16039
. 16029
.16003
.16003
.16011

16004
15996
16004
.15993
.16006 .16023
.16009 .16011
.16008 .16059
.16007 .16048
.16020 .16068
.16041 . 16090
.16049 .16069
.16061 .16055
.16059 3 . 16037
.16019 . 16026

16022
, 15978
.15911
.15947
.15919
.15946
.15926
.15915
.15885
. 15923
.15971
.15948

15890
.15886
, 1 5897
.15895
.15897
.15897
.15893
.15928
.16005
.16052
.16064
. 16039

.1610

.16107

. 16087

.16014

.16004

.16014

.16022

.15940

.15945

.1739

.1601
.1600
.1600
.1600

.1740

.1699

.1601

1961

1962

T
.1739
.1664
.1592
.1602
.1601

1610
1607
.1607
.1609
.1611

Jan
Feb.
Mar.
Apr.
May
June
July .
Aug
Sent
Oct.
Nov
Dec

.1600

1954

.1606
.1610
,1610
,1610
.1611
.1611
.1611
.1610
.1611
.1610
.1611
.1610

Month
or year

1951-53

1
Based on quotations beginning Mar. 22, Beginning with June 13, a
free rate also was in effect (annual average for 1946, .1867 cents; for
1947, .1533 cents). On Nov. 27, 1947, the official rate was made approxi-

.:;eoi
T
1

.16042

i
.1611
,1610
.1610

mately equal to the free rate. Quotations on the free rate discontinued
Aug.
19, 1955.
2
Based on quotations through June 14.
3
Quotations not available Nov. 20.

JAPAN
[Averages of daily rates; cents per yen]
Month
or year

Jan.
Feb
Mar.
Apr.
May
June
July
Aug,
Sept.
Oct
Nov.
Dec

1941

....
123.4387

Year....

Jan.
Feb
Mar.,...,
Apr.
May
June. .
July
Aug
Sept. .
Oct.
Nov
Dec. ,
Year
1

.2779

2 .2779
.2779

i
.2779

.2779
.2777
.2776
.2776
.2776

2 .2779

.2779

.2778

1960
.2775
.2773
.2773
.2776
,2774
.2768
.2783
.2787
.2787
.2787
.2778
.2781
.2778

1963

1964

1965

1966

1967

1968

1969

1970

2786
.2786
.2786
2772
2763
2763
2762
2762
2762
2762
2762
2762

. 27624
. 27627
.27640
27623
. 27625
. 27628
27628
. 2763 1
27852
27902
.27901
27897

27894
. 27892
27886
27716
.27582
27563
27550
. 27554
27589
27603
.27586
27564

27589
. 27567
27603
27583
. 27579
27580
27576
27580
27665
27658
.27686
27837

,27856
.27830
.27710
27609
.27585
27638
27599
. 27598
, 27597
27602
.27661
27689

27695
.276311
.27615
27595
.27603
27584
27574
.27577
27574
27573
.27578
27577

. 27577
.27576
. 27607
27625
.27628
. 27627
27620
. 27599
27618
27622
.27621
27633

27612
.27616
. 27620
27603
. 27604
27636
27740
.27803
27839
27890
27925
27940

.27934
.27945
,27935
.27917
. 27899
. 27880
27809
.27810
. 27908
27911
.27951
.27953

. 27948
. 27950
. 28963
. 27926
.27862
.27864
. 27826
.27915
.27935
. 27948
.27956
. 27959

2769

.27712

27663

27625

. 27662

. 27598

.27613

27735

. 27903

.27921

Based on quotations through July 25.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1959

1962

1961

, ,

1957-58
. 2779
t

23.4387
23.4387
23.4387
23.4387
23,4387
23.4388
i 23 . 4390

...
...

Month
or year

1956

1040

Based on quotations beginning Nov. 26.

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued

MALAYSIA
[Averages of daily rates; cents per Straits Settlement dollar through Aug. 26, 1951; cents per Malayan dollar thereafter]
Month
or year

1941

1942

1949

1951

1950

1952

1953

1954

1955

1956

1957

1958

1959

Jan
Feb
Mar.
Apr.
May
June
July
Aug
Sept.
Oct. .
Nov
Dec

47.0892 47.0069 M7. 0833


47.0940 M6.7097 47.0833
47.0833
47.1063
47.1066
47.1658
47.1066
47.2079
47.1377
47.1856
47.1600
47.1738
46.8692
T
41.8459
32.6075
32.5469
47.1600
32.6915

32.7171 ? 32. 8500


32.7132
t
32.7219
32.7335
32.7608
32.8068
32.8175
32.8250
32.8250
32.8381
i
32.8500 32.8500
32.8500 32.8300

32.6905
32.6616
32.7825
32.9207
32.7522
32.5054
32.5085
32.4451
32.4183
32.4985
32.4894
32.5230

32.5599
32.6123
32.5862
32.5891
32.5847
32.5790
32.5821
32.6098
32.5689
32.5963
32.6413
32.6348

32.6463
32.6564
32.6676
32.6889
32.6813
32.6663
32.6886
32.6441
32.5580
32.6338
32.6252
32.5440

32.5383
32.5349
32.6078
32.6747
32.6858
32.6144
32.5435
32.5769
32.5684
32.6388
32.7531
32.7642

32.8187
32.8165
32.7978
32.7614
32.7003
32.6076
32.5099
32.3681
32.3726
32.3838
32.3604
32.4753

32.5286
32.5607
32.5320
32.5118
32.5260
32.5231
32.4947
32.4310
32.4476
32.5560
32.5803
32.6440

32.7690
32.8183
32.8110
32.8296
32.8207
32.7749
32.6877
32.7008
32.6724
32.7442
32.8279
32.7679

32.8377
32.8918
32.9173
32.9750
32.9506
32.8699
32.8563
32.8366
32.7838
32.7945
32.7977
32.7663

Year

47.1334 346.9185 M2.9734

32.7883 232.8486

32.6015

32.5945

32.6412

32.6245

32.5819

32.5270

32.7672

32.8571

1967

1968

1969

1970

Month
or year

1960

1961

1962

1963

1964

1965

1966

Jan
Feb.
Mar. . .
Apr
May
June .
July
Aug,
Sept.. .
Oct
Nov.
Dec

32.7763
32 7705
32.7669
32.8335
32.8098
32.7850
32.8386
32.8456
32.8511
32.8376
32.8579
32.8331

32.826
32 774
32 . 699
32.600
32 518
32.489
32.488
32 604
32.716
32.752
32.742
32.734

32.777
32.810
32.800
32.766
32.759
32.691
32.713
32 746
32.738
32.745
32.751
32.790

32.817
32.717
32.633
32.594
32.586
32.595
32.648
32.647
32.645
32.698
32.705
32.697

32.706
32 . 694
32.645
32.595
32.606
32.571
32.524
32.474
32.431
32.467
32.507
32.569

32.575
32.602
32.553
32.582
32.617
32.583
32.579
32.565
32.621
32.694
32.679
32.666

32.678
32.671
32.600
32.588
32.588
32.545
32.488
32,467
32.458
32.473
32.453
32.442

32.473
32.535
32.556
32.589
32.572
32.519
32.478
32.467
32.441
32.432
* 32. 472
32.687

32.712
32.721
32.630
32.654
32.556
32.509
32.551
32.540
32.518
32.551
32.538
32.614

32.640
32.675
32.639
32.649
32.636
32.638
32.586
32.605
32.629
32.659
32.661
32.481

32.438
32.469
32.460
32.460
32.449
32.391
32.308
32.287
32.314
32.395
32.402
32.382

Year

32.8169

32.659

32.757

32.664

32.566

32.609

32.538

32.519

32.591

32.623

32.396

1947

1948

1949

1
2

3 Based on quotations through Feb. 14.


* Quotations not available Nov. 21-27.

Based on quotations beginning Jan. 24.


As of Aug. 27, quotations on Straits Settlement dollar discontinued
and quotations on Malayan dollar substituted. Rates on the two had been
the same for a considerable period.

MEXICO
[Averages of daily rates; cents per peso]
Month
or year

1941

1942

1943

1944

1945

1
20.5820
20.5808
20 5780
20.5780
20.5780
20.5790

20.5801
20.5810
20 5798
20.5800
20.5752
20.5719
20 5868
20 5956
20 5783
20.5737
20 5830
20.5842

20.5823 20.5758
20.5738 20.5752
20.5743 20.5753
20.5769 20.5781
20; 5802 20.5738
20.5755 20.5728
20 5753 20.5726
20.5823
20 5781
20.5764 i 14.4378
20.5757
14.4899
20.5753 14.5268

14.5340
14.3597
14.3343
14.3031
12.5212
11.9107
11.5617
11.5687
11.5715
1 1 . 5697
11.5711
11.5719

20.5807

20.5807

20.5772 U8.8595

12.6201

20 5639
20 5619
20 5712
20 5736
20.5674
20 5678
20 5674
20 5679
20 5725
20 5725
20 5725
20.5725

20.5725
20.5725
20 5725
20.5742
20.5802
20.5796
20.5773
20 5751
20 5776
20.5798
20 5800
20.5820

20 . 5820
20 . 5820
20.5820
20.5816
20.5820
20.5821
20.5758
20.5801
20 5814
20.5820
20.5818
20.5820

20 . 5820
t

Oct.
Nov.
Dec.

20 5038
20.5236
20 5294
20 5378
20.5373
20 5334
20 5424
20 5382
20 5421
20.5665
20- 5439
20.5600

Year

20 5383

20 5693

20 5770

20.5812

Jan.
Feb.

Mar
Apr.
May . .
June . .
July

Aug
Sent

Month
or year

1946

1954

1955-70

1950

1951

1952

1953

1 1 . 5667
11.5621
1 1 . 5606
11.5606
11.5606
1 1 . 5606
11.5606
11.5675
1 1 . 5707
1 1 . 5626
11.5686
1 1 . 5667

11.5617
1 1 . 5608
11.5638
11.5692
11.5657
1 1 . 5606
11.5737
1 1 . 623 1
11.6234
11.6106
11 .6216
11.6233

1 1 . 6245 11.6187
11.6195 11.6136
11.6144 1 1 . 6077
1 1 . 6080 2 9 . 9647
11.5644
7.9946
7.9954
1 1 . 5606
7.9999
11.5892
1 1 . 6204
8.0048
11 .6152
8 . 0048
1 1 . 6236
8.0048
8.0049
1 1 . 6270
11.6256
8.0056

8 . 0056

Aug.
Sept,
Oct.
Nov.
Dec

11.5722
11.5718
11.5712
11.5643
11.5644
11.5626
11.5713
11.5727
11.5724
11.5705
1 1 . 5707
11.5716

Year

1 1 . 5696

11.5639

11.5878

11.6071

8,0056

Jan
Feb. . .
Mar.

Apr
May
June
July

8.0056

2 Effective Apr. 19, the Mexican peso was devalued from a par value
of 8.65 to 12.50 pesos per U.S. dollar.

Quotations not available July 22-Oct. 12.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

29.0515

1041

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


NETHERLANDS
[Averages of daily rates; cents per guilder]

Month
or year

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

Jan
Feb
Mar.
Apr
May
June
July
Aug. . .
Sept
Oct
Nov
Dec

' 37.9327 37.7893


37.9259 37.7893
37 7892 37 7884
37.7572
T
37.7600
37.7514
37 7602
i
37.7892 37 7527
37.7893 37.7510
37.7893 37.7616
'137! 9327 37.7893 37.7675
37.9327 37.7893 37.6994

37 6538
37.7138
37 7499
37.7647
37.7545
37.7182
37 6453
37.6210
37.5982
37,6018
37.5723
37.6150

37 6637
37 6279
37 5975
37 , 6504
37 6087
37.6145
37 6113
37 6068
32 8445
26.3001
26.2945
26.2886

26 2781
26 2570
26 2671
26 . 2624
26 2641
26.2651
26 2520
26 2357
26 2373
26.2349
26.2319
26.2401

26 2385
26 2414
26 2599
26.2410
26 2427
26.2789
26 2857
26 2804
26 2780
26.2669
26.2696
26.2867

26 3196
26 3287
26 3195
26.3402
26 3365
26.3171
26 3238
26 3167
26 2907
26.3121
26.2893
26.2773

26 2810
26.2690
26 3211
26.3350
26.3400
26.3344
26 3205
26 3221
26 3381
26.4003
26.4101
26.4096

26 4046
26 4082
26 4081
26.4129
26 4180
26.4264
26 4145
26 3961
26 3639
26.2670
26.2900
26.3455

26 3493j
26 2897
26 29 65
26 1 3067 '
26 3018
26,2283
26 16V7
26 12(>9
26 1485
26.2134
26.2108
26.1280

26 1255
26 1226
26 1073
26.1248
26 1101
26.1063
26 1057
26 1107
26 1102
26. 1245
26.1048
26.1015

26 1065
26 1105
26 1189
26 t366
26 1344
26.1062
26 1212
26 1033
26 1017
26^2866
26.3629
26,3669

Year

137.9327

37.6681

34.5279

26.2523

26.2641

26.3146

26.3401

26.3805

26.2302

26.1129

26.1702

1962

1963

1964

1965

1966

1967

1968

1969

1970

Month
or year

1958

37.8130

1959

37.7601

1960

1961

Jan
Feb
Mar
Apr.
May
June
July..
Aug. . .
Sept
Oct.
Nov...
Dec

26.3734
26.3666
26.3776
26,3883
26.3876
26.3799
26 3913
26.4092
26.4337
26 5082
26.5082
26.5059

26.5138
26.4995
26.4875
26 5012
26.4875
26.5041
26 5147
26.4630
26.4587
26 4931
26.4706
26 . 5062

26 5021
26.5120
26,5108
26 5161
26.5192
26.5193
26 5112
26 5119
26.5182
26 5179
26 4920
26.5171

26 499
26 400
227.582
27 820
27 826
27.828
27 827
27 771
27 676
27 731
27 766
27 776

27 730
27 631
27.687
27 772
27 821
27.806
27 821
27 742
27 755
27 748
27 748
27 779

27 772
27 773
27.808
27 828
27 815
27.780
27 755
27 712
27 721
27 749
27 765
27 765

27 753
27 733
27.731
27 711
27 681
27.627
27 657
27 674
27 712
27 772
27 824
27 831

27 827
27 825
27.780
27 780
27 768
27.735
27 761
27 791
27 781
27 772
27 756
27 724

26 659
27 . 603
27.618
27 538
27.547
27.645
27 719
27 694
27 . 627
27 625
27 641
27 642

27 679
27 694
27.682
27 683
27 739
27,756
27 866
27 797
27 799
27 809
27 805
27 804

27 747
27 71<>
27.728
27 63?
27 63 S
27.620
27 611
27 566
27 504
27 484
327 556
27 710

27 636
27 581
27.565
27 520
27 467
27.424
27 469
27 635
27 659
27 804
27 748
27 622

27 522
27 486
27.525
27 533
27 565
27.588
27 694
27 775
27 785
27 781
27 793
27 763

Year..

26 4184

26 4921

26 5125

227 555

27 755

27 770

27 724

27 774

27 630

27 759

27 626

27 592

27 651

1951

1952

1 Based on quotations beginning Nov. 2.


Effective Mar. 7, the par value of the guilder was changed from 3.80
to 3.62 guilders per U.S. dollar.
2

Quotations not available Nov. 20-22, 1968.

NEW ZEALAND
[Averages of daily rates; cents per pound through July 7, 1967; cents per New Zealand dollar thereafter]
Month
or year

1941

Jan
Feb
Mar.. .
Apr.
May,,
June. , . .
July
Aug. . .
Sept
Oct
Nov. .
Dec

322.7500
322.3645
322 5512
321 9617
322.4502
322,5141
322.5734
322 5388
322 5980
322.6324
322 7095
322.7833
322.5354

Year
Month
or year
Jan
Feb
Mar
Apr..
Mav
June
July
Aug
Sept
Oct
Nov
Dec

Year

1942

1943

1944

1945

322.7833 322.7833 324.4203 324 . 4203


322.7833 323.3049
T
T
322 7833 324.4203
322 7852
t
322.7833
324 4203
T
322.6859
322 1590
321.9903
322.6002
1
322.7000
i
i
322.7833 324.4203 324.4203 322.6960

278.4957
279.1070
278 7775
278 8699
278 . 6465
278 5689
278.7384
278 7133
277 5091
277.8013
278 3049
278 25^0

1948

322.3513 322.4508
322.1977 322.4898
322 2000 322.5000
322 2000 322 5143
322.1968 322.4933
322 1833 322.5000
322.1833 322.5142
322 2047 i353 8683
322 4063 399.1537
322.4765 399.1511
322.4402 399.1542
322.5007 399.1542

1949

1950

399.1419 277 . 2896 277.2057 275.3933


399.1488
277.2890 275.3636
T
277 . 2896 276 . 9060
399.1231
399 0135
277 2896 277 9576
277.2887 277.2944
399.0510
398 . 8673
277,2911 275 . 7062
277.2532 276.0566
398.9965
398 9032
277 1084 276 0892
277.1039 275.5117
340.9475
277.1691 276.5306
277.2973
277.2950 277.2896 277.2744 277,2386
277,2896 277.2205 276.7233 277,8137

1954

1955

278.3544
278 5008
278 6671
279 0218
279 0614
279 0274
278.9726
278 5009
277 3126
276 9518
276 6800
275 9761

275.7582
275.6046
276 3788
276 8814
276 8186
276 2162
275.7358
275 9053
275 8240
276 4402
277 3715
277 4855

1956

1957

277.8828 276.8034
277 . 8676 277.0386
277.7168 276.5395
277 9923 276 1241
277.9768 276.3331
277 4428 276 2612
276.5691 276.0222
275.5510 275.5189
275 ^482 275 7514
275 . 6994 277.2103
275 4912 277 4858
275 7461 277 8018

1958

278.5363
278 . 7843
278.7521
278 9171
278.7843
278 3277
277,6216
277,7333
277 5527
277 . 9255
277 7755
277 6039

1959

277.8680
278.1529
278 4858
278 8643
278 . 6675
278 4689
278.3816
278.1685
277 5945
277.8480
277 4929
277 0738

I960
277.2038
277.5535
277 8078
278 1678
277 . 8224
277 4927
278.0612
278 2416
278 4864
278 . 3747
278 5662
277 9573

278 4809 278 0883 276 3645 276 8004 276 5591 278 1934 278 0997 277 9766

For footnotes see following page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

322.7000
322.7000
322 7000
322 6852
322.6695
322,7000
322.7000
322 7000
322.6733
322.5596
322.4782
322.3600

1947

322.7835 324.2035 324,4203 323.4553 322.6332 322.2924 1350.4825 365.0689 277.2841 ;>77.1913 276.4907

1953

. . .

1946

1042

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


NEW ZEALANDContinued
[Averages of daily rates; cents per pound through July 7, 1967; cents per New Zealand dollar thereafter]

Month
or year

1967

1961

1962

1963

1964

278.31
278.67
278.74
278.61
278.43
278.05
277.88
277,61
277.32
277 . 36
277.42
277 . 56

277.71
277.56
277.29
277.30
277.19
277.25
277.31
277.19
277.00
277.01
277.01
276.88

277.06
276.92
277.04
277.13
277.17
276.65
276.21
275.91
275.59
275.59
275 . 73
276.30

276.37
276.75
276.47
276.85
276.94
276.46
276.33
276.32
276.90
277.53
277.59
277.43

277.61
277.48
276.75
276.58
276.47
276,22
276.12
276.12
276.17
276.40
276.35
276.25

276.34
276.65
276.86
277.15
276.92
276.35
3276.12

Oct
Nov
Dec.

277.86
277.22
276.98
277.03
276.63
276.22
275.98
277.52
278.44
278.75
278.71
278.18

Year

277.45

278.00

277.22

276.45

276.82

276.54

3276.69

Jan

Feb
Mar.
Apr. .

May
June
July ...
Auc
Sept.

..

1965

1966

1968

U37.97
1 37 . 89
137.81
137.78
128.28
111.95

112.09
112.10
2111.66
111.75
111.17
110.95
111.20
1 11 . 26
111 . 08
111.19
111.01
110.93

M31.97

111.37

1969

1970

111.06
1 1 1 . 27
111.28
111.35
1 1 1 . 04
111.18
111.22
110.99
110.92
111.21
111.50
1 1 1 . 54

111.69
1 t 1 . 89
111.94
111.96
111.84
111.56
111.23
111.10
110.98
111.08
111.22
1 1 1 . 23

111.21

111.48

4
Effective July 10, New Zealand adopted the decimal currency system.
The new unit, the dollar, replaced the pound and consists of 100 cents,
equivalent to 10 shillings or one-half the former pound. Annual figure
based on quotations beginning July 10.

1
Beginning Aug. 19, the New Zealand Government increased the
value of its currency, placing it on a par with the British pound. Average
rates
for Aug. 1-18 and Aug. 19-31, were 321.52 and 399.15, respectively.
2
Quotations not available Mar, 15,
3
Based on quotations through July 7.

NORWAY
[Averages of daily rates; cents per krone]

Month
or year

1946

1948

20 1612

Jan
Feb.
Mar.
Apr. ....
May

120 2020 20.1612


20 . 2020 20.1612
20.2020 20.1611

June . . .
July

Aug.
Sept. .

Oct
Nov.
Dec

Year.
Month
or year

1961

Jan,
Feb
Mar.
Apr. . .
May

004
985
985
989
964
952
947
004
041
051
048
039

Oct
Nov.
Dec
Year

14 000

June
July
Aug..
Sept

20 1973

20 1600

20.1611
20.1612

20.1596
20.1596

20 1594
20 1595
20.1595
20.1595

1949

1950-53

20 1580
t

14 0154

1954-57
14 0080

1958

1959

1960

14 0080

14 0119
14 0181
14,0289
14.0480

13 9848
13 9904
14.0064
14 . 0347

14 0414

14 0179
14.0071
14.0181
14 0257
14.0399
14.0318
14 0378
14.0208

20 1595
20 1584

20 1590

20 . 1 586
20 1591

20.1612

20.1592

20.1580

14.0154

14.0154

14 0080
i
14 . 0080 14.0094

14.0522
14.0499
14 0383
14.0109
14.0233
14 0076
13.9942

120.1762

20 1599

20 1586 18 4805

14 0154

14 0080

14 0276

14 0180

1966

1967

1969

1970

20.1580

1962

14
13
13
13
13
13
13
14
14
14
14
14

1947

14
14
14
14

027
037
037
033

14.022

14
14
13
13
13
13
14

013
005
994
982
983
989
000

14 010

1963
14
13
13
13
13
13
13
13
13
13
13
13

000
995
995
999
995
997
993
985
971
971
970
972

13 987

20.1580

20 1580

14 0154

1964
13
13
13
13
13
13
13
13
13
13
13
13

969
962
976
989
992
984
972
962
956
956
956
980

13 972
2

Based on quotations beginning Feb. 5.

17.5716
14.0154

1965
13
13
13
13
13
13
13
13
13
13
14
13

977
982
976
983
982
976
975
978
990
998
001
999

13 985

13
13
13
13
13
13
13
13
13
13
13
13

998
992
981
976
971
971
974
988
989
993
995
989

13 984

13
13
13
13
13
13
13
13
13
13
13
13

978
980
984
993
990
992
986
981
978
979
985
996

13 985

14.0081

1968
13
14
14
14
14
14
14
13
13
13
2 i3
14

997
001
005
000
000
000
000
999
997
998
999
000

14 000

13
13
14
14
13
14
14
13
13
13
13
14

988
988
001
007
999
014
005
998
989
986
989
000

13
13
14
14
13
13
13
13
13
13
13
14

983
990
001
001
987
985
951
998
994
993
996
021

13 997

13 992

1959

1960

Quotations not available Nov. 20-22.

PORTUGAL
[Averages of daily rates; cents per escudo]
Month
or year
Jan. ...... .

Feb. . . ,
Mar.
Apr
May
June
July

1941
3 9986
4 0069
4 0039
4 0009
4.0017
2
4 0026

1946
14 0501
t

4 0501
4 0501
4 0412
4 0313
4.0208
4 0275

4 0161

Aug
Sept. . .

Oct.
Nov. . .
Dec
Year

1947

1
4 0501
2

4 0023

For footnotes see following page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

14 0501

4
4
4
3
4

0257
0203
0240
9985
0088

4 0273

1948

1949

1950

3 4874
3 4863
3 4888
3 4906
3.4898

3 4838
3 4704

3 4739

4 0324
4 0327
4 0324
4 0326
4.0327
4 0327
4 0328

4 0319
4 0312
4 0316
4 0321

3 7862
3 4875

3 4856
3 4673
3 4587
3 4595
3.4577
3 4788
3 4539
3 4498
3 4842
3 4898

3 4810
3 4817

4 0183

3 8800

1043

1952

3 4764
3 4679
3 4766
3 4799
3.4826
3 4880
3 4827
3 4727
3 4644
3 4598
3 4605
3 4726

4 0043
3 9700
3 9856
3 9966
4.0334
4 0345
4 0329
4 0327

4 0169

1951

3 4791

1953

1954-58

3 4917

3 4900

4793
4848
4878
4825
48i
4839

3 4872
3 4856
3 4842
3 4882
3.4903
3 4897
3 4896
3 4897
3 4896
3 4895
3 4899
3 4900

3 4900

3 4915
3 4861

3 4844
3 4898
3 4923
3 4957
3.4935
3 4905
3 4936
3 4956
3 4979
3 4973
3 4992
3 4950

3 4853

3 4887

3 4900

3 4967

3 4937

3 4801
3
3
3
3
3
3

3 4974
3 4980
3 5026
3.5019
3 5004

3 5001
3 4990
3 4947
3 4958
i

INTERNATIONAL FINANCI
15,24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


PORTUGAL-Continued
[Averages of daily rates; cents per cscudoj

Month
or year
Jan
Feb.
MaiApr
May
June
July
Aug
Sept
Oct.
Nov.
Dec

Year
1
2

1962

1963

1964

1965

1966

1967

I96S

1969

1970

.4928
.4861
. 4903
.4920
.4851
.4815
.4797
.4875
.4941
.5013
. 4990
3.5020

3.5000
3.4995
3.5014
3.5032
3 . 5050
3.5011
3 . 5000
3 . 4996
3 5018
3 . 4S99
3 . 4900
3 4902

3 . 4900
3 . 4900
3.4901
3 . 490 1
3 . 4900
3 . 4900
3 . 4900
3.4893
3.4881
3.4863
3.4875
3.4874

3.4861
3.4848
3.4867
3.4879
3.4874
3.4847
3.4796
3 . 4746
3.4714
3 . 4680
3.4686
3.4777

3.4783
3.4826
3.4817
3.4822
3.4819
3.4804
3 4798
3,4775
3.4786
3.4871
3.4928
3.4922

3.4932
3.4921
3.4867
3.4834
3.4829
3 . 4806
3.4777
3.4776
3.4773
3 . 4807
3 . 4794
3.4783

3.4786
3.4783
3 . 48 1 I
3.4858
3.4830
3 . 48 1 0
3 . 4788
3.4766
3.4755
3.4736
3.4654
3.4817

3.4S61
3 . 4866
3. 48 54
3 . 489 1
3.4874
3.4867
3.4863
3.4863
3 . 4846
3 . 4844
'3.4855
3.4886

3.4925
3.4975
3 . 5042
3 . 5036
3.4985
3 4989
3.5011
3.5031
3 . 5029
3 . 5038
3.5032
3.5059

3 . 5096
3.5104
3.5072
3.5021
3.5033
3.4978
3 . 49 1 3
3.4898
3.4886
3.4893
3.4924
3.4919

3 . 4909

3 . 49S6

3.4891

3 . 4800

3.4829

3.4825

3.4784

3.4864

3.5013

3,4978

1953

1954

280.2298
280.8449
280.5134
280.6063
280.3815
280.3034
280.4740
280.4488
279.2370
279.5311
280.0378
279.9846

280.0876
280.2349
280.4022
280.7591
280.7990
280.7648
280.7097
280.2350
279.0393
278.6762
278.4027
277.6945

1961

Based on quotations beginning Feb. 5.


Based on quotations through June 14.

Quotations not available Nov. 20-22.

SOUTH AFRICA
[Averages of daily rates; cents per pound through Feb. 10, 1961; cents per rand thereafter]
Month
or year

1941-44

Jan
Feb
Mar
Apr..
May
June
July
Aug
Sept
Oct
Nov..
Dec.

398.0000 398.0000 400^5000 400.6346 400.7500 400.7500 278.3750 278.3750 276.9503


|
t
277.0060
400 7500
T
T
t
T
.
|
278.5450
279.8011
I
279.0326
277.4226
398.0000
i
277.7755
398 3000
277.8083
400.7500
400.5000
277.2272
342.4762
400 . 5000
i
278.2524
278.3750
400 5000
(
!
I
278.3750 278.9648
278 3750
400 5000
1
i
398 0000 400 5000 400 5000 400*7500 400 7500 278 3750 278.3750 277.7854 279.5435

Year

398 0000 399 0548 400 5000 400 7386 400.7500 366.6215 278.3750 278.3278 278. 1967 2S0.2I49 279.8199

1945

1946

1947

1948

Month
or year

1949

1955

1950

1956

1951

1952

1957

1958
280.2707
280.5^01
280.4878
280.6538
280.5202
280.0607
279.3502
279.4627
279 . 2809
279.6561
279.5051
279.3324

1959
279.5982
279 . 8849
280 . 2 1 99
280.6007
280.4027
280.2028
280 . 1 1 50
279.9006
279.3230
279 . 5780
279.2">07
278 . 7990

1960
278.9299
279.2818
279.5376
279 . 8999
279.5523
279.2206
279.7925
279.9741
280.2205
280.1080
280.3007
279.6881

Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

277.4753
277.3207
">78 0997
278.6055
278 542^
277.9361
277.4527
277.6^32
277 54 I S
278. 1615
279 0986
^79 ~ > I 3 3

Year

278 0853 278 5239 278.2811 279.9256 279.8313 279.7075

Month
or year

278.5269
278.7636
278.^614
277.8434
278.0537
277.9814
277 . 7409
277.2345
277.4684
278.9364
279.2136
279.53(6

19 61

(pound)

Jan.
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

~>79 S9
i ~>79 |9

Year

i 279. 4S

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

279.6131
279 . 5978
279 4461
279.7233
279 7077
279 . 1 703
278.2912
277 . 2668
277.2639
277.4161
277.2066
277 4631

1962

1963

1964

1965

J966

1967

- 139 37
139 35
1 39 . 38
139. I S
1 38 97
1 38 . 85
139 62
140 09
140 M
140 22
139 96

140 0^
140 ~>Q
140 ">4
140 17
140. OS
1 39 sy
1 39 . 80
139 67
IV) 5">
1 39 54
139 57
139 64

1 39 7">
1 39 54
1 >9 5 1
1 39 5 1
1 39 . 46
1 i9 49
39.52
39.46
39 36
39 37
39.37
39 30

1 39 39
139 3">
139 38
139 43
139.45
139 19
138.96
138 81
138 65
138 65
138 72
139 0!

139 05
139 "> 3
H9 10
1 39 . 29
39.33
39 09
39.03
39 . 02
39 31
39 63
1 39 . 66
1 39 ^8

139 67
139 60
139.24
1 39 . 1L 5
1 39 . 0 >
138.97
138.92
138.92
138 95
139.06
139.03
138 99

139 03
139 18
1 39 . 29
139.44
139.32
1 39 04
138.85
138.75
138 66
138 64
139.05
139 84

-139.57

139.87

1 39 . 48

139.09

139.27

139.13

1 39 . 09

(ranch

1
Based on quotations through Feb. 10.
- E flee live Feb. 14, South Africa adopted the decimal system. The new

:1

1968

1969

1970

140 00
140 01
1 39 . 46
1 39 . 58
138.85
138.58
1 38 . 89
138.46
1 38 . 74
138.88
138.65
138.56

138 72
138 98
1 38 . 99
139.08
138. 69
138.87
138.92
138.62
138.54
138.91
139.26
139.32

139 50
139 75
139.82
139.83
139.64
139.35
138.93
138.70
138.62
138.74
138.91
138.93

139.10

138.90

139.24

currency unit, the rand, replaces the pound and consists ot" 100 cents; ii
is :iequivalent to 10 shillings or one-halt" the former pound,
Quotations not available Mar. 15.

1044

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


SPAIN
[Averages of daily rates; cents per peseta]

Month
or year

1946

1947

1948

1958

1959

29.1324
9.1324
9.1323
9.1323
9.1323
9.1323
9.1323
9.1324
9.1324
9.1324
9.1324

9.1324
9.1324
9,1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324

9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
9.1324
5
9. 1324

12.3810
t

2.3810

39.1300

29.1324

9 . 1 324

9.1324

1941
9.1300

Jan
Feb....
Mar
Apr.
May
June

39.1300

J U ly

Aue
Sent
Oct
Nov
Dec.

Year

1960

2.3810

2.3810
42.0679
.6600
.6607
.6607
.6607
.6607

.6607
.6625
.6637
.6637
.6633
.6636
.6640
.6640
.6640
.6640
.6641
.6642

U.3810

"2.0579

1.6635

1969

1970

Month
or year

1961

1962

1963

1964

1965

1966

1967

1968

Jan.
Feb.
Mar
Apr.
Mav .
June
July
Aug
Sept
Oct. .
Nov
Dec.

1.6635
1.6644
1 . 6644
1 . 6643
1 . 6644
1 . 6644
1 . 6644
1 . 6644
1.6644
1 . 6644
1 . 6644
1.6649

1.6650
1 . 6650
1.6651
1,6651
1.6651
1.6651
1.6651
1.6651
1.6659
1.6661
1.6662
1.6664

1.6665
1.6664
1.6661
1.6663
1 . 6663
1.6663
1.6663
1 . 6664
1.6664
1.6664
1.6665
1.6666

1.6665
1 . 6664
.6663
.6664
.6664
.6663
.6663
.6662
.6661
.6662
.6665
1.6666

1 . 6665
1 . 6665
1.6663
1 . 6663
1 . 6662
1 . 6662
1 , 6662
1 . 6658
1 . 6662
1 . 6658
1.6657
1.6663

.6661
.6660
.6659
.6659
.6660
.6658
.6655
.6639
.6639
1.6641
1.6638
1.6638

1 . 6636
1 . 6634
1.6633
1.6631
1.6631
1.6632
1.6634
1 . 6637
1.6640
1.6635
01.5831
1.4236

1.4236
1.4231
1 . 4264
1.4283
1.4283
1.4279
1.4282
1.4284
1.4282
1.4282
7
1.4281
1.4279

,4278
.4279
.4277
.4271
.4262
.4260
.4267
.4277
.4276
.4262
.4248
.4230

1,4247
1.4266
1.4268
1.4274
1.4280
1.4288
1.4290
1.4290
1.4287
1.4290
1.4290
1.4290

Year .

1.6643

1.6654

1.6664

1.6663

1.6662

1.6651

1.6383

1.4272

1.4266

1.4280

1
Based
2
Based
3
Based
4

on quotations beginning Jan. 2,


on quotations beginning Feb. 5.
on quotations through June 14.
Effective July 20, the par value for the Spanish peseta was set at
60 pesetas per U.S. dollar.

Based on quotations through Dec. 17.


6 Quotations not available Nov. 21.
Quotations not available Nov. 20.

SWEDEN
[Averages of daily rates; cents per krona]
Month
or year

Jan. . .
Feb
Mar.
Apr

May
June
July
Aug.
Sept.
Oct
Nov,
Dec.
Year.

1941
23 8262
23.8286
23 8238
23 8252
23 8386
^23 8358

1946

123 8520
23 8520
23 8520
23.8520
23 8520
3
26 1953
27 8189
27 8202
27 8191
27 8209
27 8207

1947
27
27
27
27
27
27
27
27
27
27
27
27

8216
8223
8220
8225
8243
8258
8272
8258
8222
8229
8253
8263

1948
27
27
27
27
27
27
27
27
27
27
27
27

8252
8257
8264
8264
8252
8242
8243
8236
8230
8230
8229
8229

1949

1950

1952

1951

27 8228 19 33^.9 19 3269 19 3269

27
24
19
19
19

8228
0029
3329
3329
3329

19
19
19
19
19
19

223 8291 125 8592 27 8239 27 8244 25 4796 19 3321

19 3269

Month
or year

1961

1962

1963

Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

19 339
19 342
19 353
19 354
19 378
19.365
19 357
19 366
19 329
19 351
19 347
19 346

19 348
19 388
19 408
19 424
19 428
19.436
19 428
19 432
19 410
19 409
19 363
19 278

19
19
19
19
19
19
19
19
19
19
19
19

353

19 397

19 272

rear
1
2

r* 19

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

3269
3254
3233
3233

19 3263

1964

313
290
264
251
267
286
302
266
268
250
262
250

Based on quotations beginning Feb. 5.


Based on quotations through June 14.

i
19
19
19
19

19
19
19
19
19
19
19
19
19
19
19
19

19 3233

272
290
430
451
464
467
441
466
461
376
396
439

19 414

1954-56

1957

19
19
19
19
19
i
4
19 3233 19 3330 19
19 3233

3330
3292
3283
3283
3283
3283

19 411
19.369
19 355
19 332
19 352
19 329
19 329
19 327

19 339
19 346
19 384
19 385
19 398
19.383
19 352
19 358
19 345
19 330
18 336
19 327

19
19
19
19
19
19
19
19
19
19
19
19

19 386

19 358

19 373

465
469
468
434

1960

19 3273
19 3254
19 3296
19.3263
19 3267
19 3302
19 3273
19 3248
19 3253
4
19 3283 19 3076
19 3293 19 3032

19 3113
19 3140
19 3592
19.3392
19 3653
19 3657
19 3916
19 3791
19 3647
19 3545
19 3337

19 3330 19 3311 19 3284 19 3235 19 3488

1967

19
19
19
19

1959

1966

1965

1958

19 3330 19 3330 19 3283 19 3265 19 3022

3329
3320
3314
3322
3323
1
3270 19 3269

1953

1968

1969

1970

323
323

19 340
19 326
19 340
19 350
19 337
19.327
19 337
19 345
19 330
19 365
19 354
19 352

19 355
19 305
19 232
19 233
19 233
19.266
19 282
19 306
19 225
19 282
19 324
19 340

19 349

19 342

19 282

337 19
353 19
367 19
397 19
399 19
415 19
412 19
394 19
381 19
341 19
326 " 19
341 19

366
361
345
338
354
352
351
369
371
335

Effective July 13, the Swedish Riksbank reduced its buying rate from
4.20
to 3.60 kronor per one U.S. dollar.
4
Quotations not available Nov. 20-21.

1045

INTERNATIONAL FINANCE
15,24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


SWITZERLAND
[Averages of daily rates; cents per franc]

Month
or year

1941

1947

1946

194S

1949

1950

1952

195!

1953

1954

1955

->-?
"M
^3
-13

3iQ9 1 v 3079
i~>6>
3179 13 3146
1 1 90
3170 23 3078
3~>93
3^9-1 1 1 313^
^98
~ > 1 3 "")">
~>3 33^6
V>^8
23.3308 23.3336
.3348
23.3327 23.3198
.3317
">3 3337 23 3~>'M
3^06
1
3 3116 ">3 3 ""47
3341
~>3 3096 ">3 3~>01
33^^
23 . 2545 23 . 3280 2 .3348
23.2893 23.3348 23.3350

!956

1957

1958

7
i 3 ">9 1 ->3 33 p
73 30761 73 3 ^ SO
>3 3J8" ">3 3350
^3 3^91 ^3 3351*
1
3 3 3 50->3 31^0
23.3350 23.335U
23.3321 23.334K
">3 3346 ->3 3350
"3 3347 ->3 3350
"3 3349 23 3000
23.3350 23.3001
23.3350 23.316H

Jan
Feb.
Mar
Apr.
May
June
July
Aug.
Sept
Oct.
Nov
Dec

23 2197
2 3 . 2 1 69 i21 3626
23 . 2098
T
23.2012
23.20^6
-23.2060
23.3626
23.3628
23 3629
23.3629
23.3629
23.3629

"'j 16">9 "M ~>808


"M ^643
T
23 2691
"M ~>359
"M ~>909
23.1383
23.0468
23 36^9 ~>3 OP3
23 '8^7 "^ 95S8
^3.0849 22 9416
23.1756 22.9455
23.2886 23 . 2008

3 >0>5
j'^65^
3 1775
3 I 334
> 1 00^
3.0! 78
23.0384
^3 0153
" 9634
">"* 9158
22.8819
22.9002

>> gsoi
">"> 881 1
22.9474
">1 0131
^3 0777
23. 1379
23.2405
~>3 ^88 5
7
3 >197
~>3 3~>94
23.3301
23.3323

Year

'-^23.2095 125.3627 23.3628 23.3628 23.3136 23 . 1 364

23.0604

23.1476 23.3164 23.3217 23.3309 23.3343 23.3303 23.327^

"M 36~*9 "3 36">S


f
23 3629
23.3629
23 36^8
|
I
23/3628
23 36~>9
23 36^9
23.3629
23 . 3629
23.362S 23.3629

Month
or year

1959

Jan
Feb
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov
Dec. .

23.1905
23. 1837
23.1331
23 1340
23.1330
23.1943
23 . 2044
23 1779
23 1215
~>3 0477
23.0395
23 1273

....
. .

Year
1

1960

"*> 3350
" * > VoO

^3 3348
-3 3^ so
>3 33">t
23.3337
23.3350
""3 ^350
T? 3350
"M 3313
23.3349
23,3350

1961

1962

1963

1964

1965

1966

1967

1968

1969

1970

23.1118
23.0545
23.0583
23 0483
23. P38
"*3. 1747
23.1826
23. 1984
23 2186
23 2109
23.2157
23.2254

23 . 220
23. 144
23 144
23 P">
23.101
23.144
">3. 169
^3 163
23
167
15
3 133
23.133
23 169

23.158
23 1 117
~>3 04"
^3 01 1
23.098
23 I7">
23 16">
~>3 136
^3 P9
23 139
23.170
?3 167

23 . 1 20
"M 123
^3 10">
">3 099
23.127
23. 125
">3 129
">3 164
^3 171
">3 171
23.166
">3 170

23.168
23 122
23 110
^3 143
23 171
23 172
^3 139
~>3 145
23 148
^3 164
23 . 1 72
23 172

23 . 1 49
23. 10">
23 0^0
23 019
23.004
23 . 075
23. 128
23 161
23 16~>
23 150
23.150
23 162

23.102
23 077
^3 040
23 !0">
23. 167
23 169
23 164
">3 1107
~>3 10"
23 064
23.141
23 129

23.089
23 061
23 079
2} 126
23 169
23 166
23 128
23 061
23 0">7
^3 035
23.146
23 158

23.017
22 994
23 085
^3 049
23 118
23 ^33
23 ">65
^3 ^23
^3 ">5t
^3 ^70
23 . 256
23 259

23.146
">3 145
^3 96!
->3 135
23. 117
23.176
23 197
^3 2">8
^3 "^65
23 2~>9
23.118
23 203

23.176
23 257
93 20"*
23 244
23.199
23,171
23 235
23 247
23 219
23 090
23.155
23.187

23.1419 23.1517

23.151

23.124

23 . 1 39

23.152

23.106

23.114

23.104

23.169

23.186

23.199

1948

1949

1950

Based on quotations beginning Feb. 5.

- Based on quotations through June 14.


UNITED KINGDOM
[Averages of daily rates; cents per pound]

19 41

Month
or year

19 42

1944

19 43

19 45

1946
Official

Free

Official

Free

Jan..
Feb.
Mar
Apr.
May . . .
June
July
Aug
Sept
Oct.
Nov.
Dec

403 5000
f

403.4208 403 5000


40 "> 97 1 3
t
403.1887
40 ~> 4835
403.0961
403.1636
403.2287
403.1774
403.2658
403.2888
|
I
403.4204
403.5000 403.5000 403.5000

403 5000
403 5000
403.4820
403 495''
40V 5000
t
i
403*5000
403.4964

Year

403.5000

403.4977

403.1832

Month
or year

403.5000

Official

Free

Official

Official

403 5000

403.5000
[

1947

Free

i
403.5000

403.3750
403.3750
403,3750
403:3503
|
403.3156
403.3711
-403.5000
''402.9526 403.3743
402.6935 403.3579
402.4857 403.3242
403.2421 403.1968
403.3750 403.0866
i
403.3700 402.9428
403.5000

402.9342
402.7403
402.7346
40"> 7432
402.7402
402.7217
402.7091
402.7306
403.0007
403.1005
403.0466
403.1250

403 0655
403 1 107
403.1257
403 15^4
403.1191
403.1271
403.1417
403.1484
403.1473
403.1418
403.1478
403.1481

403. M26
403 1412
403.1129
403 0015
403.0426
402.8549
402.9841
402.8913
344.3568
280.0889
280.0805
280.0714

280.0"}
280.0*
280.0-/
280.01
280.0"*
280.0-)
280.0'
280.0-;
280.0:
280.0
280.0(
279.9?

403.5000 1403.5000

403.5000 '; 403. 5000 ' 403.0 178 403,2843

402.8572

403.1317

368.7222

280.0(

403 5000 403 5000


f
i40> 5000

1951

1952

1953

1954

1955

1956

1957

1958

1959

I960

"'78.1457
^78-t 182
279.6720
280.7860
280.0675
278.4631
278. 8P2
278.8504
278.2663
279.')972
280.0115
280.5928

281.2812
281.8958
281.5641
281.6592
281.4331
">8 1.3 544
281.5263
281.4991
^80.2843
280.5807
281.0878
281.0341

281.1396
281.2856
281.4543
281.8096
281.851-3
281.8176
281.7613
281.2858
280.0837
279.7206
279.4458
278.7365

278.51 62
278.3595
279.1426
279.6490
279.5877
278.9773
278.4935
278.6646
278.5833
279.2049
280.1447
280.2597

2S0.6620
280.6449
2SO'.4943
280.7720
280.7578
280.2172
279.3347
278.3063
278.3035
278.4570
278,2460
278,5040

279.5701
279.8064
279.3049
278.8853
279.0964
279.0239
278.7825
278.2741
278.5090
279.9824
280.2607
280.5799

281.3217
281.5721
281.5397
281.7063
281.5722
281.1110
280.3978
280.5107
280.3283
280.7048
280.5533
280.3799

280.6467
280.9345
281.2707
281.6530
281.4543
281.2536
281.1655
280.9502
280.3705
280.6265
280.2678
279.8446

279.9'
280.3:
280.5i
280.9<
280.6(
280. 2(
280.8'

Sept.
Oct.
Nov.
Dec.

279.9707
280.0655
280.0719
280 0677
280 0627
280 0705
280 0225
279.8818
279.8750
279.9407
280.0469
279.4873

Year

279.9644

279.^598

">ai.2655

280.8688

279.1280

279.5685

279.3244

280.9753

280.8807

280.7:

Jan..
Feb.
Mar.
Apr.
May
June
July.
A LIU.

For footnotes see following page.

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1046

2&i.o:
281.2'

28i.i:

281.3:
280.7!

INTERNATIONAL FINANCE
15.24

FOREIGN EXCHANGE RATES, BY COUNTRY, MONTHLY, 1941-70Continued


UNITED KINGDOMContinued
[Averages of daily rates; cents per pound]

Month
IK year

1961

J An
I'eb
Mnr
Apr, . . . .

Mny

June
July
Autt
Sept
Oct .
Nov
Dec..

. . .

. . . .

Year

1962

1963

1964

1965

1966

1967

1968

1969

1970

280.64
279.99
279.75
279.81
279.40
278.98
278.74
280.29
281.22
281.54
281.49
280.96

281.10
281.46
281.53;
281.40
281.21
280.83
280.66
280.38
280.09
280, 1 3
280.19
280.33

280,48
280.34
280.06
280.07
279.96
280.02
280.08
279.96
279.77
279.78
279.78
279.65

279.83
279.69
279,81
279.90
279.94
279.42
278.97
278,66
278.34
278.35
278.48
279.06

279.13
279.51
279.24
279.62
279.71
279.23
279.10
279.08
279.67
280.31
280.37
280.21

280.39
280.25
279.52
279.34
279.23
278.98
278.88
278.88
278.93
279.16
279.11
279.01

279.10
279.41
279.63
279.92
279.69
279.12
278.73
278.53
278.37
278.32
6
266. 18
240.63

240.91
240.92
* 239.97
240.18
238.92
238.46
239.00
239.11
238.74
238.97
238.58
238.42

238.70
239.14
239.17
239.31
238.65
238.95
239.04
238.53
238.40
239.02
239.63
239.73

240.04
240.47
240.58
240.61
240.37
239.77
239.06
238.77
238.53
238.74
239.03
239.06

280,22

280.78

280.00

279.21

279.59

279.30

275.04

239.35

239.01

239.59

3 Based on quotations beginning July 2. After this date quotations


are4 buying rates in the New York market.
Quotations not available Mar. 15.
6
Quotations not available Nov. 21.

' Based on quotations through Feb. 1.


Based on quotations through June 30; official rate discontinued
thereafter.

General note to table 15.24


After the devaluation of the pound sterling on Nov. 18, 1967, the following countries devalued their currency in relation to the U.S. dollar: Ceylon,
Denmark, Ireland, New Zealand, and Spain. The averages for Nov. 1967
reflect the extent of the devaluation.
Averages of certified noon buying rates in New York for cable transfers.

NOTES TO TABLE 15.23


1

These series replace those for "private discount rates" and "money
for 1 month" published in Banking and Monetary Statistics, which were
not2 available after October 1941.
On Jan. 10, two discount rates were established1 5i per cent for
Treasury and short-term commercial paper and 1% per cent for other
commercial
paper.
3
The lower rate applies to the Bank deutscher Lander; the higher
rate
to
the
Land
Central banks.
4
On Oct. 1, a uniform discount rate was established.
6
Rate
established
for the Land Central banks.
6
Beginning with 1953, figures shown are based on average yield of
weekly tenders during the month. Earlier figures represent tender rates
made
nearest the 15th of each month.
7
Rate in effect at end of month.
8
Based on average of lowest and highest quotations during the month
No quotations available Oct. 1944-Feb. 1954.
*10Based on weekly averages of daily closing rates.
Beginning with Nov. 1, the discount rate was set each week at .25 of

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1 per cent above the latest average tender rate for Treasury bills; end-ofmonth rate shown.
11 Beginning with January, rate shown is on private securities. Previous
figures are averages of rates on government and private securities.
12
On Mar. 8, the discount rate had been reduced to 5.5 per cent.
13
On June 24, the bank rate on advances to chartered banks was fixed
at 6 per cent. Rates on loans to money market dealers continued to be 0.25
of I per cent above latest Treasury bill tender average rate but not more
than
the bank rate.
14
Beginning August 1967, monthly averages are based on daily quotations.
i Effective Nov. 9 the rate was 6.5 per cent.
1C
Effective July 2 the rate was 7.0 per cent,
NOTE.The following abbreviations are used in the column headings:
Cent, bank disc, rate (Central bank discount rate), Treas. bills (Treasury
bills, Day-to-day mon. (Day-to-day money), Priv. disc, rate (Private discount rate), Bkrs. acceps. (Bankers accep;ances), and Bkrs. alls, on deps.
(Bankers allowances on deposits).

1047

Section 16

CONSUMER CREDIT
Contents
INTRODUCTION.

1051

BACKGROUND OF SERIES.

1052

DEFINITIONS AND CONCEPTS

1052

MAJOR TYPES OF CONSUMER CREDIT_ 1053


Instalment
Noninstalment

1053
1055

INSTALMENT CREDIT EXTENSIONS


AND REPAYMENTS

1056

RELATION TO OTHER STATISTICS.

1058

ESTIMATES OF INSTALMENT
CREDIT

1058

FINANCIAL INSTITUTIONS

1059

Present estimating methods and


procedures
Earlier estimating methods

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1069
1070

ESTIMATES OF NONINSTALMENT
1072
CREDIT
__
SINGLE-PAYMENT LOANS

1072

CHARGE ACCOUNTS

1072

Department stores and mail-order


houses
Other retail outlets
Credit cards
SERVICE CREDIT

Commercial banks
Finance companies
Miscellaneous financial institutions

1068

RETAIL OUTLETS

Medical care
Public utilities
Private education
Recreation

1059
1061
1065
1049

1073
1073
1073

__ __ 1074
1074
1075
1075
1076

Contents-continued
SERVICE CREDITcontinued

SPECIAL ADJUSTMENTS

__ 1077

Funeral and legal expenses


1076 SEASONAL AND RELATED ADJUSTMENTS 1077
Cleaning, dyeing, pressing, and repair
of garments
.
1076 STRAIGHT-LINE ADJUSTMENT TO
Automobile repair services
1076 BENCHMARKS
___ 1079
Other services
1076

Tables
Tables contain annual and/ or monthly data

16.1 Total Consumer Credit Outstanding, by Major Types, 1919-70 _______,^ 1081
16.2 Instalment Credit Outstanding, by Major Holders, 1919-70 _
1087
16.3 Types of Instalment Credit Held by Major Lenders
A. Commercial Banks, 1919-70 __^
1093
B. Sales Finance Companies, 1919-64
___. 1097
C. Consumer Finance Companies, 1950-64 _______^_______. 1100
D. Finance Companies, 1965-70 ^___
.
_ .
1102
E. Other Financial Institutions, 1919-64 ____________ 1103
F. Other Financial Lenders, 1965-70 ^_
__^_
1106
16.4 Noninstalment Credit OutstandingMajor Types, by
Major Holders, 1919-70
_
1107
16.5 Instalment Credit Extended and Repaid, by Type of Credit
A. 1940-70: N.S.A. _______________^
1110
B.
S.A.
1116
16.6 Instalment Credit Extended and Repaid, by Major Holders
A. 1940-70: N.S.A. __^
_^__ 1121
B.
S.A.
_______^______ 1127
16.7 Types of Instalment Credit Extended and Repaid, by Major Holders
1132
A, Commercial Ranks 1Q42 70* NTS A
1138
B.
S,A,
1143
C. Sales Finance Companies, 1948-64: N.S.;V
1146
D.
S.A.
1140
E. Consumer Finance Companies, 1950-64: N.S.A
1152
S.A.
F.
11SS
a Finance Companies, 1965-70: N.S.A.
1156
H.
S,A.
16.8 Net Change in Consumer Credit Oustanding, by Major Types
A. 1920-70: N.S.A.
1157
B. 1940-70: S.A.
1163

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1050

Section 16

CONSUMER CREDIT

INTRODUCTION

Consumer credit has influenced many aspects


of economic activity during the past 60 years.
Much of its influence stems from the use of
instalment credit to finance purchases of automobiles and other consumer durable goods.
This practice, which began before World War I
and developed rapidly during the 1920's, has
played an important part in the development
and maintenance of a wide market for consumer durable goods. In recent years there has
been an increasing tendency to use consumer
credit also for purchases of nondurable goods
and services.
Consumer credit, as the term is defined here,
consists mainly of short- and intermediate-term
credit. It excludes real estate mortgage credit,
which is almost entirely long term.
By using consumer credit, many persons
who have not accumulated in advance the
capital to buy goods outright have been able to
enjoy those goods while meeting monthly payments convenient for their budgets. Others have
been able to finance their purchases in this way

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without disturbing their capital investments and


their planned savings programs.
Consumer credit thus is an important means
of financing the flow of goods and services
into final consumption and is a factor influencing the level of economic activity. Over long
periods of generally rising activity the extension of credit to purchasers of consumer goods
has supplemented current purchasing power,
and this has tended to stimulate production
and employment. But substantial increases in
consumer purchasing power through the extension of credit in periods of high economic
activity are appropriate only when the terms
on which the credit is extended are prudent,
when the growth in such credit does not contribute excessively to monetary expansion, and
when the new purchasing power is matched by
an increase in the supply of goods at relatively
stable prices.
To provide consumer credit, an elaborate
structure of financial and service organizations
has been developed. Many of these organiza-

1051

Consumer Credit

tions require substantial amounts of private


capital and bank credit. Commercial banks not
only supply funds to other financial and retail
organizations to carry consumer accounts receivable but also are active in lending directly
to consumers and in purchasing instalment
paper from retail outlets. An understanding of
these credit demands and of their effects on
the total demand for credit requires adequate
current information on developments and
changes in consumer credit.

BACKGROUND OF SERIES
Groundwork for the Board's consumer
credit series was laid in the late 1930's when
the National Bureau of Economic Research
and the Russell Sage Foundation 1 cooperated
with the U.S. Department of Commerce in
developing a series of estimates. In 1940with
the support and cooperation of retailers, financial institutions, and trade associationsthe
U.S. Department of Commerce set up a system
for obtaining the information needed for preparing estimates of consumer credit outstanding each month.
In August 1941 the Board of Governors of
the Federal Reserve System was given the responsibility for regulating consumer credit, and
it issued its Regulation W entitled "Consumer
Credit." To carry out this responsibility, the
Board began to collect information pertaining
to various types of consumer credit. Shortly
thereafterin 1942the responsibility for
maintaining the official statistics on consumer
credit was transferred from the Department of
Commerce to the Federal Reserve System. This
centralization of the collection of the statistics
served to make maximum use of the information that was available within the Federal
Reserve, to eliminate duplication and inconsistency in reporting, and to minimize for respondents the burden of reporting. Since 1942
the Board of Governors has been the primary
source of aggregate consumer credit statistics.
1

Rolf Nugent, Consumer Credit and Economic


Stability (Russell Sage Foundation, 1939).

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Like most economic statistics, the consumer


credit series are based largely on comprehensive benchmark data that become available
periodically. Current monthly estimates are
extrapolated from the latest benchmarks on
the basis of sample data. Such data are obtained through the voluntary cooperation of
lenders and other credit grantors who submit
regular reports of their consumer credit operations. As new benchmark data become available, the monthly estimates are reviewed and
revised as necessary.
The estimates for the various segments of
consumer credit published each month are for
the Nation as a whole, including Alaska from
January 1959 and Hawaii from August 1959.
Data are not compiled for individual States or
for metropolitan areas.
Where possible, the monthly estimates for
consumer credit begin with 1940. In addition,
estimates of credit outstanding at year-end are
available for the period 1919-39.
Tables showing current estimates of consumer credit outstanding, extended, and repaid, by both type and holder, have been published regularly in the monthly Federal Reserve
Bulletin.- Several statistical releases are issued
each month to provide additional detail, as
indicated later in this section.

DEFINITIONS AND CONCEPTS


The Federal Reserve series, "consumer
credit," includes all short- and intermediateterm credit that is extended through regular
business channels to finance the purchase of
commodities and services for personal consumption, or to refinance debts incurred for
such purposes. In this sense, consumer credit
may refer either to an advance of funds for
the purchase of goods or services or to an
advance of goods or services in exchange for
a promise to pay at a later date. No minimum
period for repayment is set by this definition,
except that there must be some lapse of time
- In late 1975 the Board ceased publication of figures on "total consumer credit" and "noninstalment
credit."

1052

Section 16

between the transfer of the goods or services


and the payment for them.
Personal consumption is considered an end
in itself, as distinguished from the process of
using up or "consuming" goods and services
as a stage in production. Thus the concept of
consumer credit excludes credit extended to
businesses or to individuals exclusively for
business purposes, Credit extended to governmental agencies or to nonprofit or charitable
organizations is also excluded.
Some of the basic data available do not
embody these conceptual distinctions and thus
require adjustments to eliminate the nonconsumer elements. These adjustments will be described in later sections on estimating methods.
Nevertheless, it has not been possible to
make certain other adjustments that in principle ought to be effected, because there is no
statistical basis on which to make the adjustments or because the conceptual distinctions
themselves are not clear in practice. For example, the commercial bank call report data
on loans to farmers do not segregate credit for
consumption from that for production purposes. As the bulk of the total is for production purposes, the practice has been to exclude
these loans entirely from the consumer credit
figures.
A similar problem arises with credit used
to purchase multipurpose durable goods such
as automobiles. These goods may serve both
consumption and business purposes, but no
data are available for apportioning the credit
involved between consumer and nonconsumer
uses. In practice, therefore, credit obtained by
individuals for the purchase of passenger cars
is included as consumer credit, whereas any
credit obtained by individuals for the purchase
of commercial vehicles and other commodities
and equipment used primarily for business is
not included.
The consumer credit series also excludes
policy loans of life insurance companies. There
are two bases for making this exclusion. One is
the customary absence of a definite repayment
schedule for policy loans, the majority of which
are not repaid. The other is the lack of a
statistical basis for segregating the large pro-

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portion of such credit known to be for business


purposes. Inasmuch as the amount of policy
loans is large, this lack of adequate data could
lead to sizable errors in the consumer credit
estimates.
The Federal Reserve series also excludes
two other types of consumer credit because of
lack of adequate statistical information. These
are loans by one individual to another for consumption purposes, and similar loans made by
businesses to their employees.
The practical difficulties of measurement
noted above cause the published consumer
credit series to depart somewhat from the basic
concepts and, on balance, to understate the
amount of short- and intermediate-term consumer credit outstanding. However, the movements shown in the series are believed to reflect reasonably well both the current and the
longer-term trends in consumer credit.

MAJOR TYPES OF CONSUMER


CREDIT
Consumer credit is divided into two major
types, instalment and noninstalment, which in
turn are subdivided according to both the type
of credit and the kind of institution that holds
the obligation. The accompanying chart shows
the components of the consumer credit series
and estimates of the amounts outstanding held
by the different types of institutions on December 31, 1970.
Instalment credit. Instalment credit represents all consumer credit that is scheduled to
be repaid in two or more payments. Revolving credit, budget, and coupon accounts are
treated as instalment credit rather than as
charge accounts because they provide for
scheduled repayment on a periodic basis. Published estimates of instalment credit outstanding generally include the financing charges on
such credit and the cost of insurance or other
fees included in the credit contract.
The four principal classes of instalment
credit are automobile paper, other consumer
goods paper, home improvement loans, and
personal loans.

1053

f
Short- and Intermediate-Term Consumer Credit, December 31, 1970, By Type of Credit and Institution

(millions of dollars)

Total consumer credit


127,163

Instalment credit

Noninstalment crec [it

102,064

25,099

s
Automobile
paper

Other consumer
goods paper

Home improvement loans

Personal
loans

Single-payment
loans

Charge
accounts

Service
credit

35,184

31,465

5,070

30,345

9,675

7,968

7,456

Commercial
banks
20,806

Commercial
banks
10,905

Commercial
banks
10,616

Commercial
banks
8,469

Retail
outlets

6,162&

Finance
companies 12,734

Other
financial
institutions

Credit
cards

1,80^

Finance
companies
Other
financial
lenders
Automobile
dealers

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9 ,044

Finance
companies

5,701

5,116

Other
financial
lenders

1,177

218

Retail
outlets

13,682

Commercial
banks
3,071
Finance
companies
Other
financial
lenders

199
1,800

Other
financial
lenders

6,995

1 ,206

Section 16

Automobile paper represents credit extended for the purchase of new or used passenger automobiles, whether or not the credit is
specifically secured by the automobile purchased. Similarly, "other consumer goods
paper" represents credit extended for the purchase of such consumer goods as mobile
homes, recreational vehicles and motorcycles,
boats, furniture, household appliances and
electronic equipment, jewelry, and miscellaneous items. In addition to these items, extensions on bank credit-card accounts are included
as "other consumer goods paper" by commercial banks, although such extensions have been
reported separately since December 1967. Bank
credit-card accounts include credit arising from
retail charge-account credit-card plans as well
as cash advances.
Automobile credit and other consumer
goods credit are often extended to the consumer by a retailer; sometimes the retailer will
hold the paper for his own account, but in
many instances he will sell it to a finance company, a commercial bank, or some other financial institution. In other instances instalment
paper represents loans made directly by lending institutions to consumers for the purchase
of goods and services.
Home improvement loans 3 include both
Federal Housing Administration-insured credit
and noninsured credit extended to consumers
to finance the maintenance and improvement
of their homes. Such credit may be used for
the purchase and installation of equipment,
such as heating and air-conditioning systems,
hot water heaters, storm windows, and kitchen
equipment, as well as for major alterations
and additions.
Personal loans include all instalment loans
not covered in the previous categories that are
made by financial institutions to individuals
for consumer purposes. Hence funds advanced
by commercial banks on check-credit accounts,
which indicate credit arising from specialarrangement overdraft plans with American
Express and similar nonbank plans, are in3

Often referred to as repair and modernization


loans, especially in earlier publications and surveys.

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eluded. Personal loans are generally obtained


for the consolidation of consumer debts, for
the payment of medical, educational, or travel
expenses, or for the payment of taxes or insurance premiums. Some loans used for the
purchase of automobiles or other consumer
goods may also be reported as personal loans,
because the lender cannot identify such loans
with purchases of specific goods.
Each of these types of instalment credit is
subdivided according to the type of institution
holding the credit. This method of classification does not necessarily indicate the originator
of the credit. Credit held by financial institutions thus is classified according to its current
holder, whether the institution made the loans
directly to consumers or purchased the paper
from the retail outlet that originated the credit.
Only the paper retained by retail outlets is
attributed to them in the breakdown of consumer instalment credit by holder.
Noninstalment credit. Noninstalment credit
consists of those forms of consumer credit that
are scheduled to be repaid in a lump sum.
There are three major components: single-payment loans, charge accounts, and service credit.
Single-payment loans are noninstalment
loans made directly to individuals for consumer
purposes. Some credit of this type is used for
the purchase of goods, but most is for meeting
short-term needs such as for the payment of
personal taxes or life insurance premiums.
Charge accounts represent noninstalment
balances owed to retail outlets for purchases
made by consumers. These are open accounts
ordinarily payable in full within 30 days of
billing. The charge-account segment also includes the amounts consumers owe on accounts
at gasoline service stations or on miscellaneous
credit-card accounts and on home-heating-oil
accounts.
Service credit consists of the amounts owed
by consumers to professional practitioners and
service establishments. The largest element in
such credit is the amount owed to doctors,
hospitals, and other suppliers of medical services. Amounts owed to public utilities, less
deposits and prepayments, are also substan-

1055

Consumer Credit

tial. The remainder of service credit represents


amounts owed for a wide variety of services,
including education, recreation, and other personal services.
INSTALMENT CREDIT EXTENSIONS
AND REPAYMENTS
Estimates of instalment credit extended, repaid, and outstanding represent summaries of
accounting records. Conceptually, the amount
of credit extended covers substantially all debit
entries to the instalment receivable accounts
iOf financial institutions and retail outlets for
any given period, and credit repaid covers substantially all of the credit entries. The amount
of outstanding credit represents the sum of the
balances in the accounts. Thus the difference
between credit extended and credit repaid
during any given period is equal to the change
in the outstanding balance during the period,
after allowance is made for losses and chargeoffs.4
The amount of credit outstanding is constantly being altered as new credit is extended
and as payments are made to retire credit previously extended. It is through this continuous
process that economic events are reflected in
the outstanding amount of credit. Credit extensions are much more dynamic and volatile
than repayments, and they reflect more directly
the impact of changing market conditions. The
volume of each type of instalment credit extended is related in one way or another to the
general level of income and consumption expenditures. It also reflects certain types of
seasonal outlaysfor example, tax payments
4
In principle, charge-offs of bad debts should be
excluded from repayments, and sale or transfer of
existing paper among creditors excluded both from
repayments and from extensions. In practice these
rules cannot be fully implemented. In particular, in:
formation is not available to make separate estimates
of the amount of charge-offs. Since the amounts involved under most circumstances are relatively small,
charge-offs are included as repayments in most of the
components of the Federal Reserve series. In that segment of the total where estimates of repayments are
developed from data on collections, the effect of not
knowing the volume of charge-offs is to reduce moderately the derived estimates of credit extended.

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or purchases of such seasonal equipment as air


conditioners or home heating units. Repayments are governed by the amount and terms
of past contracts and are affected by current
economic developments only to the extent that
such developments result in delinquencies or
prepayments.
In addition to their usefulness in the
analysis of instalment credit developments,
data on extensions and repayments are valuable in interpreting other economic events.
Because of the importance of instalment credit
in consumer purchases of automobiles, mobile
homes, and other consumer durable items, information on the amount of instalment credit
extended is often fundamental to the interpretation of developments in the markets for these
products. And because of the contractual
nature of repayments, information on their
volume provides an indication of the current
and prospective burden of instalment credit on
consumers, and it may provide some insight
into future expenditures by consumers,
Instalment credit may serve as an alternative to the use of accumulated savings, or it
may provide the only way in which the consumer can finance his purchases. The amount
of such credit that is used reflects to some extent the demand for the goods involved, the
willingness of individual buyers to commit their
future incomes, and the availability of credit
on acceptable terms.
The terms on which credit is available vary
somewhat from one type of credit to another.
Downpayments may range from zero in the
case of apparel or small items to one-third or
more for automobiles. Maturities may range
from a few months for some nondurable and
small durable items to more than 3 years for
new-car loans and as much as 10 to 15 years
for mobile homes. Contract terms are an important factor in the ability and willingness of
consumers to use instalment credit to facilitate
current purchases. Large downpayment requirements or large monthly instalments may
make it impossible for some potential buyers
to make purchases, particularly of the larger
and more expensive items.

1056

Section 16

The relationship of repayments to the outstanding amount of credit differs for each type
of credit because of differences in the rate of
credit extension and variations in contract
terms. Personal loans and "other consumer
goods paper" normally have the shortest
maturities, and the volume of repayments on
such loans during any period of time is correspondingly large compared with the outstanding amount. Maturities on automobile
paper are somewhat longer, with the result
that repayments are not so large relative to
amounts outstanding. In the case of home improvement loans and of loans on mobile
homes, where contracts cover longer periods,
repayments are comparatively small in relation
to the amount of credit outstanding.
Between credit extensions and repayments
there is a direct relationship that stems from
the nature of the instalment contract. Each instalment contract sets forth the schedule of
closed-end repayments to be followed. Repayments are to be made over a given number of
months, and the payment in each month is to
be only a fraction of the amount originally extended. Each month repayments originating
from contracts written in the previous month
add to the volume of repayments. At the same
time, payments on earlier contracts that have
expired drop out of the flow of repayments.5
The relationship between extensions and repayments results in a varying lag that is
observable in repayments as credit extensions
expand or contract. The length of this lag depends upon the maturities of the contracts
involved and varies with changes in maturities.
Wholesale transactions can affect the usual
relationship of extensions to repayments for
particular lender groups without affecting total
consumer credit outstanding. When one type
of lender sells consumer paper on its books
to another lending institution, the transaction
is customarily recorded in the Federal Reserve
series as a rise in repayments to the seller and

a decline in his consumer accounts receivable,


and as a corresponding increase in the extensions and outstandings of the purchasing institution.
Generally, however, adjustments are called
for if such shifts in ownership of consumer
paper are sizable and become known. These
adjustments are most frequent in nonautomotive consumer goods paper, and most of them
involve a transfer between the retail parent and
its finance subsidiary. Such transactions, al^
though necessarily reflected in the outstanding
balances of both seller and purchaser, often
have little or no economic significance, and
they have no effect on the debt position of
consumers. Therefore, an effort is made to
exclude such shifts from the estimates of extensions and repayments for both holder
groups. This procedure also tends to prevent
distortion of seasonal behavior in the extensions and repayments series. It should be
noted, however, that when such adjustments
are made, the net balance of extensions over
repayments for each of these two holder groups
differs from the change in their holdings during
that month.
The ratio of repayments to the amount of
instalment credit outstanding at the beginning
of the month is sometimes used to estimate
the average duration of such indebtedness.
Letting R equal the ratio of repayments to
the outstanding amount at the beginning of
the period, the average maturity in months is6

This formula assumes that the level of credit


extensions is stable. In practice, however, extensions of credit are rarely stable over periods
of more than a few months. The formula thus
tends to understate or overstate the average
maturity according to whether the volume of
extensions is expanding or contracting.
This formula sometimes is used to measure
the average maturity of contracts currently being written. But in this use the limitations of

This pattern is interrupted only when delinquencies or prepayments occur. Some prepayments are the
result of refinancing, when a new loan is made for the
purpose of retiring an existing loan. In such cases, the
transaction takes the form of equal increases in both
extensions and repayments during the period.

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0
For a more detailed description of this formula,
see Milan V. Ay res, Instalment Mathematics Handbook (Ronald Press, 1946), pp. 100-03,

1057

Consumer Credit

the formula are even greater, because repayments on contracts currently being written are
generally a small proportion of each month's
total repayments.

RELATION TO OTHER STATISTICS


Several features of the extensions and repayments data need to be borne in mind. Like
the estimates of the amount outstanding, estimates of instalment credit extended include any
precomputed finance and insurance charges
that are part of the instalment contract. Similarly, instalment credit repayments include the
payments on these charges. The inclusion of
financing charges is general for most types of
instalment contracts. The inclusion of insurance charges is of importance primarily in the
case of automobile instalment credit, but it is
also significant for other types of credit.
In addition, the figures on instalment credit
extended and repaid include loans to refinance
or consolidate other instalment obligations or
to renew existing loans. These items simultaneously add to credit extended and credit
repaid, without having any effect on the
amount outstanding, apart from small differences in total financing charges. The exact
amount of such refinancing is not known, but
it is large enough to affect comparison of
extensions and of repayments with such other
aggregates as disposable personal income or
consumer purchases of goods and services.
Renewals and refinancing occur most frequently in the personal instalment loan category, and they often provide the occasion for
extension of new credit as well. They are

somewhat less common in the case of automobile loans.


The inclusion of these various items in the
estimates of instalment credit extended and
repaid probably causes no serious difficulty for
most analytical purposes. Most of the time
the broad movements of credit extended and
repaid would not appear significantly different
if financing and insurance charges and loan
renewals were excluded. However, such characteristics of the data do complicate comparisons with certain other economic measures.
For example, for the purpose of measuring
the role of instalment credit extensions in financing the purchase of automobiles, adjustments
would be required to eliminate renewals and
refinancing from the series for extensions. Adjustments also would be required in the estimates of consumption expenditures for automobiles, as published by the Department of
Commerce in the gross national product accounts. These estimates are intended to
measure only current production and to exclude transfers of existing goods. Consequently,
sales of used cars are not included, but the
dealers' margins on such sales are included.
Furthermore, in the Commerce series the estimates for automobile expenditures exclude some
of the accessories purchased with new cars.
Expenditures for these items are included instead in a separate series for expenditures on
automobile parts and accessories. Finally, the
adjustment that is made to eliminate business
credit from the estimates of instalment credit
extended differs from the adjustment made by
the Department of Commerce to eliminate
business purchases from the consumption expenditure estimates.

ESTIMATES OF INSTALMENT CREDIT


The estimates for instalment credit center
around a set of national figures on the amounts
of such credit outstanding, extended, and repaid. For noninstalment credit, on the other
hand, the only estimates are those for outstanding balances.

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Estimates for instalment credit are made by


type of credit for each major holder group
commercial banks, finance companies, other
financial lenders, and retail outlets. Inasmuch
as the series are built up from the parts to the
whole, and there are differences among the

1058

Section 16

holder groups in the sources of data and the


methods of estimation, the various holder
groups will be considered in turn in the text
that follows.

FINANCIAL INSTITUTIONS
Financial institutions hold about seveneighths of all consumer instalment credit outstanding, and retail outlets the remainder.
Among financial institutions, commercial banks
are the major holders. At the end of 1970 they
accounted for slightly more than one-half of all
holdings by such institutions. Finance companies were next, with more than three-tenths of
the total for the financial group.
Commercial banks. Commercial banks include all Federal Reserve member banks and
all nonmember commercial banks in the
United States, exclusive of banks in the Commonwealth of Puerto Rico or in territories
and possessions. Almost all of these banks
engage in consumer credit activitiesby direct
lending to consumers, by buying retail instalment contracts, or both.
BENCHMARKS AND ADJUSTMENTS. The first
official benchmarks for consumer paper held
by commercial banks are those for 1942 shown
in call reports of condition submitted by insured banks to supervisory authorities. The
figures for earlier years are based on year-end
estimates by the Russell Sage Foundation, the
National Bureau of Economic Research, and
the Board of Governors of the Federal Reserve
System.
Schedule A, added to the call report with
the 1942 revision, provided for insured banks
to report instalment loans to individuals separately, by type of loan, on June and December
dates. It was not until June 1961 that data by
loan type became available for noninsured
banks in the reports of the Federal Deposit
Insurance Corporation. Noninsured banks hold
less than 1 per cent of all consumer credit
held by commercial banks. The distribution
of loans held by noninsured banks for the
period before 1961 has been estimated from
the loan distribution of those Federal Reserve

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member banks that were classified as "country"


banks for reserve requirement purposes.
Call reports provide for reporting of instalment loans to individuals in four major classifications: automobile, other consumer goods,
home improvement, and personal. In addition,
loan balances outstanding for mobile homes,
on bank credit-cards, and for check-credit accounts are reported. In some cases, however,
these totals do not give an accurate picture of
consumer liability for such credit. Therefore, it
is necessary to make two types of adjustments
in the totals.
In connection with some loans to individuals, borrowers accumulate deposits that
are assigned or pledged to assure payment of
their loans at maturity. The amounts of such
deposits are shown in total in the call reports.
These "hypothecated" deposits are used to
reduce, pro rata, the amounts outstanding by
type of credit.
Then, too, some loans to individuals are not
strictly "consumer" types. Estimates of the
portions considered to be nonconsumer are
based primarily on a special survey of about
8,200 personal instalment loans made in June
1952, which obtained information on the purpose of "cash instalment loans to individuals."
According to information in that survey, about
15 per cent of the total amount of personal
instalment loans outstanding was for nonconsumer purposes. After the call report instructions relating to this item were modified for
use in the December 1955 call, the estimated
nonconsumer portion of personal instalment
loans was revised to 10 per cent.
In the June 1952 survey, banks were also
asked whether the category "retail automobile
instalment paper" included loans for the purchase of commercial vehicles, taxis, trucks, or
farm equipment, and if so, to indicate the
proportion of such loans to their total automobile paper. According to the replies, about
5 per cent of the amount of automobile paper
held by all commercial banks was nonconsumer. The automobile instalment total is
reduced by that amount.
Home improvement loans reported by commercial banks are also adjusted to eliminate

1059

Consumer Credit

nonconsumcr loans. This adjustment is based


on data available each year from the Federal
Housing Administration. In recent years about
15 per cent of these loans have been found to
be on multifamily dwellings, farm dwellings, or
business property, all of which by definition are
nonconsumer; in earlier years this proportion
was somewhat higher. An adjustment is made
to eliminate the nonconsumer portion of both
insured and noninsured home improvement
loans at commercial banks.
The accompanying tabulation shows total
"instalment loans to individuals" as reported
by all commercial banks in the United States
for December 31, 1970, and the adjustments
made to exclude the amounts of accumulated
deposits and of credit for nonconsumer purposes.
Outstanding,
Dec. 31, 1970
(In millions of
dollars)
Instalment loans to
individuals, total
Less:
Deposits accumulated
Nonconsumer adjustment
Consumer instalment credit, total

48,869
804
2,668
45,397

In 1953 certain changes were made in procedures and concepts. At that time instalment
credit totals for commercial banks were revised
to include data for institutions that had formerly been classified as industrial banks. It
was found to be impractical to continue that
segregation because these banks were broadening their activities and satisfactory criteria for
separate classification were not available.
Similarly, the series was revised to include
all holdings of home improvement paper by
commercial banks. Earlier estimates had included only that portion insured under FHA
Title I.
CURRENT ESTIMATES. The monthly estimates of consumer credit held by commercial
banks are based on sample data collected by
the Federal Reserve Banks, As of December
1970 the sample included 775 banks, accounting for approximately one-half of the total
consumer instalment credit held by all com-

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1060

mercial banks. Banks in the sample report


their outstanding balances as of the month-end
as well as the volume of loans made during
the month for each major type of loanthat is,
purchased automobile paper; direct automobile
loans; other consumer goods paper, with creditcard credit reported separately; home improvement loans; and personal loans, with check
credit reported separately,
Banks in the reporting sample in each Federal Reserve district are divided into four size
classes primarily on the basis of the amount of
consumer instalment credit outstanding on each
bank's books,7 Because the composition of the
sample may vary slightly from one month to
the next, owing to nonresponse or to mergers
among banks, data representing identical samples are summarized by size class each month
for the current and preceding months. Repayments on each type of loan at banks in each
size class are calculated by adding extensions
of credit during the current month to credit outstanding at the preceding month-end and subtracting current month-end outstandings. Within
each Federal Reserve district and each size-ofbank class, two relationships are then calculated for each type of credit: the percentage
change in credit outstanding, and the ratio of
repayments during the month to outstanding
balances at the previous month-end.
For each type of loan within each Federal
Reserve district, weighted percentage changes
are computed using weights based on the distribution by size class of each type of paper
held by all banks in the district. The weighted
percentage changes In sample outstandings are
then applied to the credit outstanding at the
preceding month-end to obtain estimated outstandings at the close of the current month
for all banks in each district.
Repayment ratios are weighted similarly by
type of credit and then are multiplied by the
corresponding outstanding balances at the preceding month-end to obtain an estimate of
repayments for each Federal Reserve district,
by type, for the current month. The month's
7
Classification of sample data by size class within
each district was started in 1955 and is updated periodically.

Section 16

extensions of credit for each loan type are then


derived by subtracting from outstanding credit
at the end of the current month the amount
outstanding at the previous month-end and
then adding estimated repayments during the
month.
These steps lead to monthly estimates of
instalment credit outstanding, extended, and
repaidby type of creditfor each of the
12 Federal Reserve districts. The district totals
are then summed to produce national estimates
for all commercial banks.
Monthly estimates for the current period are
obtained by extrapolating from the previous
benchmark forward, using the procedure described above. Such estimates are later revised
to benchmark data, by district and type of
credit, using the straight-line method of adjustment described later.
Estimates of instalment credit at commercial
banks for the period through 1970 were published monthly in the Board of Governors' statistical release, G.I9, "Consumer Credit."8
Data for commercial banks by Federal Reserve
district, which were formerly published in the
Board's G.I8 statistical release, are available
from individual district Reserve Banks beginning with 1968.
MONTHLY ESTIMATES FOR EARLY YEARS.
For dates prior to June 1943 the monthly estimates were based on various sources of information. In 1940 and 1941, they were based
on data for a sample of banks that reported to
the Consumer Credit Division of the American
Bankers Association, and beginning in 1942
on a sample collected by the Federal Reserve.
Percentage changes shown by these sample
data were applied to the June 1943 benchmark.
Finance companies. At times it has been
necessary for the Federal Reserve to reorganize previously published consumer credit
data to reflect more closely contemporary industry practices. An example of such a change
is the aggregation of finance company figures
for the period beginning with 1965. This aggregation combines estimates, previously published separately, for sales finance companies
8

Title of release changed in late 1975 to "Consumer Instalment Credit."

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and consumer finance companies with estimates that had not previously been published
separately for other consumer loan companies
and the consumer lending of business finance
companies. The consolidation of finance company figures was in recognition of the increasing diversification of loan portfolios, which
reduced the number of firms that could be
identified exclusively with a single subsector
of the industry. Of the amounts of instalment
credit held by the four groups that make up
the new finance company series, holdings of
the two groups previously classified as sales
finance and consumer finance account for by
far the major part.
Although the diversification in loan portfolios had probably been occurring over a
period of time, it had been assumed until 1965,
when the change was made in the series, that
data for sales finance companies reflected the
financing activities of companies engaged principally in purchasing instalment paper that
arose from retail sales of passenger cars or
other consumer goods or from outlays for improvement of residential properties. Many of
these companies had subsidiaries that engaged
in direct lending to consumers, and some
others were subsidiaries of large retailing or
manufacturing corporations.
Some of the larger companies also were
heavily engaged in the financing or factoring
of business accounts receivable or in financing
sales of commercial, industrial, and farm equipment. In general, companies were classified in
the Federal Reserve series as sales finance
companies if more than half of their outstanding loans were in the form of purchased retail
instalment contracts.
Meanwhile, the data for consumer finance
companies covered the consolidated consumer
lending operations of companies that had onehalf or more of their consumer receivables in
loans made under effective State small-loan
laws. Consequently, the bulk of the credit they
extended was in the form of direct personal
loans to consumers.
In view of the change to an all-financecompany series in 1965, the estimates for finance companies are based on a new sample.

1061

Consumer Credit

The following paragraphs discuss how estimates for the new series are prepared, and also
how the individual series for early years of the
period ending in 1964 were developed. In this
connection it should be noted that the methods
of estimating current figures for the new finance
company series are the same as those that had
been used for estimating current figures for
the sales finance series.
Whether the series for these groups are
shown in aggregate form or separately, estimates for most of the 1950's and the 1960's
have been based on benchmark data obtained
from periodic surveys of all finance companies
conducted by the Board of Governors of the
Federal Reserve System. In the survey conducted in June 1970, reports were obtained
from about 3,000 companies accounting for
an estimated 95 per cent of the aggregate
outstanding consumer instalment credit held
by all finance companies/' Similar surveys had
been made in 1955, 1960, and 1965.
CURRENT ESTIMATES. The estimates of consumer instalment credit at finance companies
beginning 1965 are developed from reports
received each month from a sample of about
247 companies, including the major independent finance companies and the principal subsidiaries of large retailing or manufacturing
corporations. Reporting companies account
for about 85 per cent of the automobile credit,
about 75 per cent of the other consumer goods
paper, and more than 80 per cent of the personal loans held by all finance companies. They
also hold about 40 per cent of the consumer
home improvement loans on the books of
finance companies. Each 5 years the figures
are revised to new benchmarks.
Estimates are based on the consolidated
operations of these companies, and no attempt
is made to separate the operations of small
loan and industrial loan subsidiaries. In many
cases such legal distinctions are not operating
distinctions, and the loan subsidiaries and discount subsidiaries operate as a single company
n
For a description of the June 1970 Survey, see
"Survey of Finance Companies, 1970," Federal Reserve Bulletin, November 1972, pp. 958-72.

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and often out of the same offices, where not


prohibited by State laws. .
There is one major exception to the use of
company reports on a consolidated basis, During the late 1950's arid the 1960's finance subsidiaries were set up by a number of large
multi-unit retailers. Initially these subsidiaries
were classified as sales finance companies, but
at other times their function appeared to represent primarily retailing rather than sales financing. Furthermore, the pattern of transfers
of instalment paper between parent and subsidiary appeared to have little economic significance; rather such transfers appeared to be
an integral part of seasonal and cyclical developments in retailing. Hence for the period beginning in late 1956, figures for these subsidiaries were shifted from the sales finance
category to the retail component of instalment
credit.
Reporting finance companies provide
monthly figures on amounts of consumer instalment credit outstanding and amounts of such
paper acquired during the month, by type of
credit, and also on the number of motor
vehicles financed during the month. In addition, the monthly reports cover certain categories of business credit services offered by
finance companies: retail financing of commercial vehicles; wholesale automotive financing ("floor planning"); financing of nonautomotive consumer goods at wholesale; and
business loans.
Figures for credit outstanding, extended, and
repaid are estimated separately for each major
type of credit and then combined to get totals
for the finance group. Monthly estimates of
credit outstanding are extrapolated from the
latest benchmarks on the basis of changes in
holdings of companies in the sample. The reporting companies are classified into fouir size
groups, with weights assigned to each group
on the basis of the relationship of the holdings
of reporting companies in each group to those
of all finance companies of similar size on the
most recent benchmark date. Repayments are
calculated as follows: outstandings at the end
of the preceding month, plus extensions during
the month, less outstandings at the end of the

1062

Section 16

current month, equal repayments during the


month.
Two adjustments are made to exclude nonconsumer loans. The first is applied to the
respondents' figures for retail automobile credit
outstanding. It is necessary because most of
these companies are not able to break down
total credit outstanding on motor vehicles so as
to distinguish outstandings on passenger vehicles from outstandings on other (commercial)
vehicles. These same companies, however, do
prepare such a breakdown of new paper acquired, and these data, combined with estimates
for the average original maturity of retail automotive paper on commercial vehicles, provide
a basis for estimating the nonconsumer component of the total.
The second adjustment eliminates the nonconsumer part of home improvement loans
made by finance companies. This is essentially
the same as the corresponding adjustment for
commercial banks, which was described in an
earlier section.
When new benchmark data for finance companies become available, monthly estimates
for each type of credit are adjusted to the new
levels by use of the straight-line method described later.
Estimates of instalment credit at finance
companies appear monthly in the Board's statistical release G.20, "Finance Companies,"
and in the Federal Reserve Bulletin.
S U P P L E M E N T A R Y INFORMATION. The
Board's monthly release for finance companies
also includes three other types of information
that are derived from the reporting sample data
but that are not published in the Bulletin.
First, there are the estimates of business
credit outstanding at, and extended by, all
finance companies.
Second, there are estimates of the number
of motor vehicles financed by finance companies, with a breakdown showing figures for
both new and used passenger cars and for
commercial vehicles. These series are constructed as follows: Inasmuch as companies
in the monthly sample report both volume of
automotive paper acquired and the number of
vehicles represented by this financing, it is

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possible to derive the average amount of each


contract. This figure is then divided into the
estimated total amount of automotive credit
extended by finance companies during the
month to yield the total number of units
financed by all finance companies.
The third series is credit sales of new
passenger cars as a percentage of the total number sold at retail, This series is developed in a
manner similar to the second series, described
above, except that the estimate of total number financed is made for passenger cars only,
and it covers all lender groups. This figure is
then divided by total unit sales of new cars
(including imports and fleets), as reported by
auto makers, to arrive at the percentage of
these sales financed through the use of consumer instalment credit.
Back data for each of these series are available beginning with 1947.
For sales finance companies for those years
before the Federal Reserve benchmark surveys were available, estimates of consumer
loans were derived from three major sources
of detailed information: the 1939 Census of
Sales Finance Companies; the 1947 Survey
of Sales Finance Companies conducted by the
Board of Governors; and the 1950 Regulation
W registration statement.
As may be seen from the accompanying
tabulation, the 1947 Survey was the principal
benchmark of these three. One reason was that
Detail Provided on Type of Outstanding Paper
1939
Census

1947
Survey

Passenger vehicles
Trucks, trailers,
etc.
Other retail paper

New motor
vehicles
Used motor
vehicles
Residential
building repair
and modernization
Domestic
appliances and
furniture
Other retail paper
Wholesale motor
vehicles
Other wholesale
paper
Other business
credit
Direct instalment
loans to
individuals

1063

1950
Registration
statement
Retail automobile
instalment credit
Other retail
instalment credit
Repair and
modernization
credit
Personal instalment
cash loans

Consumer Credit

it provided greater detail; another was that the


reporting was on a consolidated basis. The
1939 Census and 1950 registration statement
were used only to adjust the levels of items for
which they provided information.
Breakdowns of the amount of paper purchased similar to the breakdowns of consumer
instalment paper outstanding were reported in
the 1939 Census and the 1947 Survey, but no
such information was called for in the 1950
registration statement.
Estimates of instalment credit outstanding
before 1939 were derived from sample data
collected by the Russell Sage Foundation, the
National Bureau of Economic Research, and
the Department of Commerce. These data
covered retail automobile paper and other retail instalment paper. The amount of home
improvement loans and personal loans held
by sales finance companies in the 1920's and
early 1930's was negligible. All segments were
adjusted to findings of the 1939 Census, and
estimates of home improvement loans were
adjusted to information from the Federal
Housing Administration.
Insofar as consumer finance companies were
concerned, information in the 1950 Regulation
W registration statement indicated the need
for some revision in the series as constructed at
that time. The statements revealed that a number of institutions had classified themselves as
small loan companies although more than onehalf of their receivables were purchased paper
on automobiles or other consumer goods.
Hence, it was necessary to reclassify them as
sales finance companies.
At the same time a somewhat broader definition of consumer finance companies was
adopted. This definition incorporated in the
series some companies formerly classified as
industrial loan companies and other lending
agencies. In the figures through 1964 presented
here, these groups have been combined prior
to 1950 in order to avoid inconsistencies in
classification.
For the period through 1964, current estimates of credit outstanding, extended, and repaid for consumer finance companies were

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based on reports from a sample of 340 companies, which accounted for about 60 per cent
of the total instalment credit held by such concerns. The sample companies furnished reports
on outstanding balances and extensions during
the month, by type of credit, As in the commercial bank series, these sample data provided the basis for estimating amounts outstanding and collection ratios for all companies. When the collection ratios were applied
to the preceding month's outstandings, they
yielded an estimate of current repayments.
Total extensions of credit were then calculated
as a residual.
When new benchmarks became available,
the monthly figures were revised to the new
benchmark levels by use of the straight-line
method. The most recent benchmark data for
consumer finance companies for the period
through 1964 were those provided by the 1955
and 1960 Surveys of Finance Companies. The
reported benchmark data for home improvement loans included some nonconsumer loans.
The data have been adjusted to exclude these
loans by use of the ratios reported for commercial banks.
The Regulation W registration statement
provided benchmark information for 1950 for
the total amount of credit outstanding at consumer finance companies by type of loan. Yearend estimates for the period 1939-50 were
extrapolated on the basis of percentage changes
in loans by type as shown by the State supervisory reports for States having small loan laws.
Monthly estimates for each year of the decade ending September 1950 were obtained
by applying to the preceding year-end estimate
(as adjusted to the 1950 benchmark) the
month-to-month percentage changes for the
particular year as indicated by the reporting
sample of consumer finance companies. The
monthly estimates were then adjusted to the
year-end estimate by the straight-line method.
Changes in the types of loans held by consumer finance companies were assumed to be
similar to those reported by commercial banks
in the 1940-45 period and to those for industrial loan companies in 1946-50.

1064

Section 16

Year-end estimates of personal instalment


loans outstanding at consumer finance companies for the period before 1939 are those
prepared by Rolf Nugent. These estimates account for virtually all of the consumer credit
held by State-regulated companies, These companies also engaged in a small amount of
lending for the purchase of automobiles and
major household durable goods and for home
repair in the years immediately before World
War II.
Miscellaneous financial institutions. Among
those financial institutions not already discussed, credit unions are the only ones for
which separate data are available for all of the
period back to 1919. Beginning in 1965,
mutual savings banks and savings and loan
associations have been combined in a new
group called "miscellaneous lenders." At the
end of 1970 instalment credit outstanding at
credit unions totaled $12,986 million; that at
miscellaneous lenders, $2,102 million.
Current estimates of consumer credit held
by credit unions are based on monthly reports
from the National Credit Union Administration. Prior to November 1964 these data were
collected by the Federal Reserve Banks from
a sample of nearly 1,300 credit unions, about
half of them Federally chartered and half Statechartered. The sample accounted for more
than 20 per cent of the consumer instalment
credit held by these organizations.
The monthly report shows total outstanding
loan balances and total repayments; it does
not report information on loans classified by
type. Estimates of total outstandings for all
credit unions are carried forward each month
on the basis of percentage changes in credit
outstanding as reported by the sample. The
ratio of repayments to receivables for the sample is then used to calculate total repayments;
extensions are derived as the residual. This
method involves weighting of sample reports by
Federal Reserve district.
Figures for total outstandings are adjusted
to benchmark levels periodically, using the
straight-line method described later. Benchmark data for both State- and Federally char-

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tered credit unions are collected by the National Credit Union Administration.
Before such revisions are undertaken, benchmark data are adjusted to the consumer credit
concept by excluding real estate mortgage
loans made by State-chartered credit unions.
The amounts excluded are based mainly on an
annual compilation made by the National
Credit Union Administration, which requests
data from supervisory authorities in States that
permit credit unions to make such loans. An
additional allowance is made to cover these
loans in a few States that permit them but do
not report them separately. This adjustment
for real estate mortgage loans is based on information obtained from a questionnaire sent
in 1948 to State banking authorities.
Estimates of total consumer instalment
credit held by credit unions are shown monthly
in the Federal Reserve Bulletin and in the
Board's G.I9 statistical release. Estimates of
their holdings by type of credit are not published separately but are included with those
for "miscellaneous lenders." Similarly, estimates of credit union extensions and repayments are included in the category "other
financial lenders."
According to the 1950 Regulation W registration statement, about 63 per cent of all
loans outstanding at credit unions were personal loans, 26 per cent automobile loans, 6
per cent other retail loans, and 5 per cent
home improvement loans. Later benchmark
data, based on a 1956 survey made by the
National Credit Union Administration, indicated that the relative importance of automobile loans made in 1956 was substantially
higher than in 1950, while personal loans had
declined to about one-half of the total. Information from these two sources provided the
benchmarks needed for developing estimates
of outstandings by type of loan.
For dates prior to 1950, estimates of the
amounts of consumer instalment loans outstanding by type of loan were made on the
assumption that changes in the portfolios of
credit unions were proportionate to changes in
the portfolios of banks. In the 1940's the esti-

1065

Consumer Credit

mates were based on the distribution of consumer loans at country member banks on call
dates. Even though this procedure has limitations, these estimates were used to complete
the "type" breakdown of the consumer credit
series as a whole, since the amounts involved
were small relative to the total credit outstanding.
The home improvement component is adjusted to exclude nonconsumer loans on the
same basis as previously described for commercial banks. The amount of nonconsumer
paper in other components is negligible.
Estimates of credit union holdings of consumer instalment credit during the 1920's and
1930's from the Russell Sage Foundation (Rolf
Nugent), the National Bureau of Economic
Research, and the Department of Commerce
were comparable with these later estimates.
Throughout most of the period virtually all
loans were personal instalment loans, with a
small amount of lending for automobile purchases and for home improvement beginning
in the mid-1930's.
Estimates of monthly repayments on instalment loans by type of loan are derived by using
collection ratios at commercial banks.
Benchmark information on consumer credit
outstanding at mutual savings banks became
available from regular reports of condition
made twice each year to bank supervisory
agencies effective with data for June 1957. Before that, the item "other loans to individuals"
outstanding at such institutions was available
from the all-bank series for June and December dates beginning with 1947 and for June
dates 1943-46. Data for loans other than
mortgage loans were reported for insured
mutual savings banks for June and December
back to 1939, and these were used with allbank data in estimating consumer loans at all
mutual savings banks for December dates in
1943-46 and for both June and December
dates back to December 1939.
Beginning with June 1947, monthly data on
total loans other than mortgage loans outstanding at a sample of mutual savings banks
have been collected and published by the

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National Association of Mutual Savings Banks.


This item consists largely of loans to individuals, and percentage changes in it have been
applied to the June and December figures for
consumer loans, described above, to obtain
monthly estimates.
Prior to June 1947 no monthly information
was available, and consumer loans outstanding
at mutual savings banks were estimated for
the months between June and December dates
on the basis of the changes in consumer loans
at commercial banks, with the monthly estimates adjusted to benchmarks by the straightline method.
The estimates of total credit outstanding are
distributed by type of credit on the basis of
benchmark information from periodic call report data (for the period June 1961-December
1970) and from the 1950 registration statement. Proportions for earlier dates were extrapolated, employing commercial bank data in
the same way as described earlier for credit
unions. The single-payment loan category and
the home improvement component are adjusted
to exclude nonconsumer loans, using the same
percentages that are used for commercial
banks.
Estimates of monthly repayments of instalment loans assume that the collection ratios
for each type of credit are the same for mutual
savings banks as for commercial banks. The
commercial bank ratios are applied to balances
at mutual savings banks at the end of the preceding month. Extensions are then calculated
as the residual.
In addition to their primary activity, which
is to make real estate mortgage loans, savings
and loan associations make two types of loans
that fall in the consumer credit category: (1)
home improvement loans and (2) loans to
stockholders against their share accounts in the
association. Home improvement loans are a
part of the instalment loan category. Share
loans, however, are included in the singlepayment loan category of noninstalment credit
under "other financial institutions."
The Federal Home Loan Bank Board has
made available for year-end dates back to 1939

1066

Section 16

information on (1) the total amount of loans


not secured by first mortgages held by all savings and loan associations and (2) the amount
held by associations that are members of the
Federal Home Loan Bank System (that is,
Federally chartered associations). The latter
total is broken down between secured (share)
and unsecured (home improvement) loans.
To obtain totals for home improvement
loans for all associations, it is necessary to
estimate the amounts of these loans held by
nonmember associations. The distribution of
total loans at member savings and loan associations according to secured or unsecured
types is used to estimate the breakdown for
nonmember associations. The totals for home
improvement loans are then adjusted to exclude nonconsumer loans by applying the same
percentages used to adjust such loans held by
commercial banks.
Monthly figures for home improvement
loans at all savings and loan associations
between benchmarks are estimated on the basis
of the relationship to such loans at commercial
banks on the most recent benchmark date.
These monthly estimates subsequently are adjusted to the end-of-year benchmarks by
straight-line interpolation.
Monthly repayments of home improvement
loans are estimated by using the collection ratio
for such loans at commercial banks, and extensions are calculated as a residual. Monthly
estimates subsequently are adjusted to end-ofyear data on outstanding credit by the straightline method.
The benchmark estimates for home improvement loans are subtracted from total nonmortgage loans in order to derive benchmark
estimates for share loans outstanding. From
these benchmarks monthly estimates of share
loans at savings and loan associations are extrapolated on the basis of their relationship to
single-payment loans at commercial banks. The
estimates are adjusted to end-of-year benchmarks by the straight-line method.
Monthly estimates of instalment credit outstanding at industrial loan companies and other
lending agencies for the period ending 1964

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were based on reports from a sample of about


60 companies accounting for approximately
10 per cent of the total credit held by these
companies. They reported their outstanding
balances and extensions during the month, by
type of loan.
As in the preparation of estimates for most
other types of lenders, the percentage change
during a month in sample outstandings was applied to the preceding month-end balance to
obtain an estimate of outstanding credit by
type for the current month-end. Collection
ratios for the sample group were applied to
universe outstandings to estimate repayments,
and extensions were calculated as the residual.
The method used involved weighting of sample
reports by Federal Reserve district. When new
benchmarks became available, the monthly
figures were adjusted to the new levels. All
estimates for home improvement loans were
adjusted to exclude the nonconsumer portion
in the same manner as for commercial banks.
Benchmark data for this category of lenders for recent years were obtained in the
Surveys of Finance Companies for 1955 and
1960. In the 1960 Survey, reports were returned by approximately 1,600 industrial loan
companies, cooperative credit associations, and
loan funds operated by churches, fraternal
orders, or others. The Regulation W registration statement for the end of September 1950
provided the most complete benchmark for
these institutions in earlier years,
For the period December 1939 through
September 1950, separate monthly estimates
were made for industrial loan companies and
for all other lenders. These monthly estimates,
described below, were then combined and the
totals were adjusted to the 1950 registration
statement figures by the straight-line method.
For industrial loan companies the monthly estimates for the December 1939-September 1950
period were made by applying the monthly
percentage changes shown by the reporting
sample to an estimate for the end of 1944 derived from a special Federal Reserve survey.
Year-end estimates before 1939 were derived
from the Nugent (Russell Sage Foundation)

1067

Consumer Credit

estimates for industrial banking companies and


from information for States in which industrial
loan companies operated. The other component of Nugent's series, industrial banks, is included in the commercial bank estimates for
those years.
For the other lenders monthly estimates for
the period December 1939 through September
1950 were benchmarked on an estimate for
the end of 1939 prepared by the Russell Sage
Foundation. These monthly estimates were
obtained by applying to the end-of-1939 figure
one-half of the percentage change shown by
the sample of consumer finance companies,
since over that period the amount of credit
held by such companies had increased about
twice as rapidly as for the group of miscellaneous lenders. Year-end estimates prepared
by the Russell Sage Foundation were used
also for the period prior to 1939.
Distributions by type of loan for industrial
loan and consumer finance companies for the
period 1944-51 were based on data from the
1950 registration statement and were carried
forward and backward from the date of that
statement on the basis of changes for each type
of loan reported by the industrial loan company sample. Prior to 1944, the distributions
were based on data for commercial banks.
RETAIL OUTLETS
Retail outlets hold both instalment credit
and noninstalment (charge-account) receivables. Their holdings of the former represent
just over one-eighth of all consumer instalment credit receivables. In addition, they originate and sell to financial institutions a large
part of the paper arising from sales of automobiles and other major consumer durable
goods. Only that part of instalment paper that
retailers retain on their own books as customer accounts is included in the consumer
credit estimates for retail outlets. Noninstalment credit arising from retail sales is nearly
always carried on the retailers' books. Such
credit is discussed to some extent in this section, and in more detail later.

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1068

For the period beginning 1966, estimates of


consumer credit at retail outlets have been developed for several kind-of-business categories,
but only the aggregated totals have been published. For the period through 1965 the Federal Reserve had conducted regularly a detailed survey of retailer-held credit, and this
had made it possible to publish separate data
for each of several groups. In 1966, however,
this function was transferred to the Census
Bureau, and since then the Federal Reserve
has not collected any retail credit data directly.
Beginning with 1966, therefore, final monthly
estimates of both instalment and noninstalment
credit outstanding at retailers have been based
on detailed data on amounts receivable for
various groups of retail outlets as published by
the Census Bureau in Monthly Retail Trade.
Instalment credit repayments are based on unpublished Census data for those groups for
which such figures are available.10 For categories for which no repayments figures are
available, the Federal Reserve estimates such
repayments on the basis of historical relationships with repayments-to-receivables ratios
(collection ratios) for department stores. On
the other hand, all initial monthly estimates
published in the Board's G.I9 statistical release are based primarily on retail sales data
and to some extent on credit data reported by
only a few selected retailersbecause credit
data from the Census Bureau are not available in time for inclusion in that release. Initial
monthly estimates for retail outlets, as is noted
later, are revised only when major revisions
are undertaken for other credit-holder groups.
Beginning with 1966, estimates of both instalment credit and charge-account credit outstanding have been made for eight retailer
categories that correspond closely to Census
Bureau categories; these categories are department store and mail order; general merchandise and variety; household furnishings; apparel; building materials; automotive accessories; gasoline service stations; and uall
other." The latter combines several Census
10
These groups include the first four categories
mentioned in the next paragraph, except for the small
mail-order component.

Section 16

Bureau groups such as drug stores, jewelers,


and sporting goods stores; each of these groups
holds relatively minor amounts of consumer
credit. In addition, separate figures are shown
for automobile dealers, even though they hold
very little of the auto paper they generate. As
Table 16.2 shows, the bulk of the instalment
credit outstanding at retail outlets is held by
nonautomotive outlets.
Present estimating methods and procedures.
The present estimating procedure is to treat
Census data as the "true" figures for retailerheld credit, and to adopt the Census data directly as the base for the Federal Reserve
series, Two adjustments are then applied, however, so as to make retailer-held credit conform
to the consumer credit concept. One adjustment removes from the series estimates of
credit granted by retailers to "nonconsumers";
the other adds estimated amounts of credit
extended to consumers by "wholesale" businesses. The wholesale and nonconsumer adjustments are both derived from detailed data for
credit sales and accounts receivable collected
in the Census of Business of 1948, and they
take the form of constant multiplicative ratio
factors.
Both of these adjustments are negligible in
the instalment categories, but they have a large
impact on some components of noninstalment
credit, particularly in the building materials,
home furnishings, and automotive accessories
groups. Except for these adjustments the Federal Reserve series on instalment and noninstalment credit outstanding would be identical
to the Census Bureau series for recent years.
The Federal Reserve repayments series for
retail outlets corresponds in principle to the
unpublished Census repayments series (as adjusted for nonconsumer and wholesale items)
plus Federal Reserve repayments estimates for
those categories in which Census makes no repayments estimates,11 Extensions are derived
11

Census of Business data for 1939 and 1948 permitted derivation of an average collection ratio for
the building materials and automotive accessory
categories and the several components of "all other."
The benchmark relationship of these ratios to the
collection pattern of the department store-mail order

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residually as the sum of repayments and the


net change in outstandings. Both the extensions
and the repayments series are seasonally adjusted, and the difference between the two provides an estimate of the seasonally adjusted
net change in retailer-held consumer instalment credit.
Monthly estimates are based for the most
part on sales data rather than on credit data.
However, some credit data are used. A small
number of retail firms provide data on instalment credit outstandings and repayments from
which it is possible to construct estimates of
a collection ratio and a current-to-previousmonth ratio for outstandings; these ratios are
then used to make estimates of credit outstanding for the department store-mail order instalment category. For all other categories except
auto dealers, outstandings are based on retail
sales data published by the Census Bureau for
the particular category. For auto dealers, outstandings are expanded or contracted at the
same rate as auto loans at commercial banks.
Receivables are made a function of sales for
the current month and a number of preceding
months, which varies by retail category. The
lag patterns are of the form:

*-)*-* !.

\ii

-JJ^ A

Where Rec(, is the indicator of receivables at


the end of the given month, n is the average
number of full months given buyers to pay for
credit purchases in the particular line of business, and S is sales during the month.
A more concise expression of this formula
is:
i-O

Where Si is sales in ith month preceding period.


For example, if a dealer's instalment contracts averaged 5 months to maturity (assumed
to be paid exactly on schedule), his receivables
series has been used to generate collection ratios in
subsequent years tied to the prevailing department
store-mail order ratio.

1069

Consumer Credit

for any particular month would be composed


of all of the most recent month's instalment
credit granted, four-fifths of the amount for
the previous month, three-fifths for the second
previous month, and so forth. This suggests
that, in this case, the most reasonable relationship between receivables and sales would be
one that made the receivables in any given
month a function of the previous 5 months'
sales (the number of months equal to average
maturity of instalment contracts) weighted
successively 5, 4, 3, 2, and 1, beginning with
the most recent month.
The values of n used for each line of business are those found empirically to minimize
the error in movement of the indicator series
from one benchmark to the next.
Repayments in each category are computed
by applying a collection ratio to the estimated
amount of credit outstanding at the end of the
preceding month; this ratio is computed by
multiplying the collection ratio for department
stores and mail order firms by a fixed factor
that is specific to the particular category. The
fixed factors are determined by the most recent
benchmark repayments data that are common
to both department stores and the category in
question. For general merchandise, household
furnishings, and apparel, the most recent
year's (unpublished) Census repayments data
supply the determinants of collection relationships; for the other elements of retail credit,
the earlier Census of Business still provides the
base data. For both the monthly estimates
shown in the monthly G.I9 statistical release
and the final estimates published at times of
major revisions, extensions are computed residually as the sum of repayments and the net
change in outstandings.
The retail series published monthly by the
Federal Reserve are not revised each month
as credit data from the Census Bureau become
available, but only periodically when major
revisions are undertaken for other creditholder groups. At these benchmarkings, the
retail credit components are recalculated to
equate with the Census series, then adjusted
for nonconsumer and wholesale items, as described. At this time the functions used

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monthly for estimating receivables from


weighted sales are altered to reflect recent data,
and changes may be made in the constant factors employed in deriving the collection ratios
for month-to-month estimates.
In recent years the monthly estimates, which
are based to such a large extent on sales, have
had to be revised downward rather sharply. This
is most likely due to the rapid growth in the
use of bank credit-cards in retail transactions,
which has shifted the industry structure toward a greater proportion of bank financing
and a smaller participation by retailers, a
shift that was not adequately reflected in the
receivables estimating functions used.
Earlier estimating methods. For approximately three decades prior to 1966 the Federal Reserve obtained monthly reports from
about 500 department store and mail-order
firms, 450 furniture stores, and 50 appliance
stores, and it published separate credit estimates for each of these classes of firms, as
well as for auto dealers and an "all other"
category. In 1963 the furniture and appliance
categories were combined. And in 1966, as
noted earlier, the monthly survey was transferred to the Bureau of the Census for incorporation into the existing Census series of accounts receivable for retail outlets, and all the
retail categories except auto dealers were
merged into a single retail credit category as
now published.
DEPARTMENT STORE AND MAIL-ORDER
FIRMS. The 500 stores surveyed, 400 of which
supplied both instalment and charge-account
data, reported through 1965 directly to the
Reserve Bank of the Federal Reserve district
in which they were located. The Reserve
Banks supplied summary totals to the Board,
which weighted and summed the district totals
to obtain national totals for the sampled firms.
From these preliminary national totals a percentage change in credit outstanding and a
collection ratio were computed and applied to
the preceding month's final estimates of credit
outstanding to derive the current month's outstandings and repayments; extensions as previously described, were calculated residually.
Credit estimates and district weighting fac-

1070

Section 16

tors were adjusted from time to time for benchmark data obtained from various comprehensive surveys: the Census findings of the 1939
and 1948 surveys, and the Annual Retail
Trade Surveys conducted by the Department
of Commerce in the 1930's and by the Federal
Reserve from 1941 to 1951. For most of the
1920's, total accounts receivable at department
stores were available from Rolf Nugent's estimates, which were based on a national sample
of department stores. Percentage changes from
this series were used to carry the Board's department store series back to 1923, with the
instalment-charge breakout determined from
data assimilated by Duncan Holthausen 12 from
three sourcesthe Federal Reserve, the Department of Commerce, and retail trade associations.
FURNITURE STORES. Reports on both instalment and charge-account outstandings and collections from 450 furniture stores, accounting
for about one-eighth of total furniture store
credit, provided the basis for the furniture
store component between 1940 and 1966. Percentage changes and collection ratios for the
district-weighted totals provided the final estimates for both outstandings and repayments
in the same manner as described for the department store series. Benchmarking procedures also paralleled the procedure used for
department stores.
Year-end data for 1919-39 were extrapolated from Nugent's aggregate figures. A
break between the instalment and chargeaccount categories was derived from the Retail
Credit Survey data supplied jointly by the
Department of Commerce and National Bureau of Economic Research13 for the 192639 period, with Seligman's 14 instalment and
charge-account estimates used to carry the
break back to 1919.
APPLIANCE STORES. Procedures analogous
to those used for department stores and furni12

Duncan Holthausen, The Volume of Consumer


Instalment Credit, 1929-38 (National Bureau of
Economic Research, 1940).
is Ibid.
14
E. R. A. Seligman, The Economics of Instalment
Selling, Vol. 1 (Harper & Bros., 1927).

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ture stores were used to develop the appliance


store credit component, with benchmark data
derived from the Retail Credit Surveys. For
years prior to 1940 estimates were made from
Nugent's data according to the methods that
were previously outlined for furniture stores.
As indicated earlier, appliance stores were combined with furniture stores into a single category in 1963.
ALL OTHER RETAIL STORES. The Federal
Reserve did not survey the credit activities
of any type of retail firm other than those already discussed. Estimates for other categories
of retailers were generated by the same
weighted-sales method now used to develop the
monthly estimates in the non-department-store
categories. Repayment ratios were constructed
from results of the 1939 and 1948 Censuses of
Business. Census year-end figures for outstandings for seven retailer categories were
adopted for annual benchmarks, and the
monthly estimated figures were adjusted to
year-end figures by the "straight-line" method
to be discussed later. Sources for benchmark
data prior to 1940 were the same as those for
appliance and furniture stores.
AUTOMOBILE DEALERS. Finally, separate
estimates of credit outstanding were prepared
for automobile dealers; such estimates are included under retail credit in the holder classifications and in auto credit under the type-ofcredit classifications. Census figures provided
year-end benchmarks, as for the other retail
categories, but monthly estimates for the
1961-65 period were based on changes in auto
credit at financial institutions and on the
weighted-sales method before that. Credit extended by automobile dealers was estimated by
reference to the amounts of credit they held
using the month-to-month relationships of auto
credit held by banks, finance companies, and
other nonretail groups. Repayments were computed by subtracting outstanding credit at the
end of the current month from the amount outstanding at the preceding month-end and then
adding current extensions. For the 1930's and
1940's the annual Retail Credit Surveys provided benchmark information.

1071

Consumer Credit

ESTIMATES OF NONINSTALMENT CREDIT


Consumer noninstalment credit represents
obligations scheduled to be retired in a single
payment. This ordinarily takes the form of
open-account transactions, with payment due
upon billing.
Noninstalment credit is divided into three
classes: single-payment loans, charge accounts,
and service credit. Single-payment loans are
held primarily by commercial banks, while
charge accounts and service credit are owed
to a variety of establishments and professional
practitioners.

SINGLE-PAYMENT LOANS
Monthly estimates of single-payment loans
at commercial banks are based on sample data
collected by the Federal Reserve Banks, As
of December 1970 the sample included about
675 banks, accounting for approximately onefourth of all single-payment loans held by
commercial banks.
Monthly estimates of single-payment loans
are adjusted to benchmark totals by the
straight-line method. These benchmarkslike
those for bank-held instalment creditare obtained from the regular reports of condition
made to supervisory agencies by all commercial banks.
According to a 1952 survey covering about
8,700 such loans in 180 commercial banks,
about one-half of the volume of all singlepayment loans made by commercial banks to
individuals are for nonconsumer purposes.
Hence, in order to develop benchmark data
for consumer single-payment loans, total holdings of such loans as reported semiannually by
commercial banks are reduced by that percentage.
Single-payment loans also are held by
mutual savings banks, savings and loan associations (share loans), and pawnbrokers. In
the noninstalment credit series, holdings of
these groups are shown under the label, "other
financial institutions." Sources of data and

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estimating methods for single-payment loans at


mutual savings banks and savings and loan
associations are described earlier in the sections
dealing with instalment credit at those institutions.
For pawnbrokers, monthly values are
straight-line interpolations between year-end
figures, based on original estimates made by
Rolf Nugent for the years 1923 through
1937.15 These estimates cover all of the credit
extended by pawnbrokers, but do not include
forfeited pledges. The Nugent estimates are
brought forward on the basis of annual information available from supervisory authorities of four States (Indiana, New Jersey, Oregon, and Pennsylvania) and published reports
of some large companies in other States. Currently, these sources cover about 25 per cent
of the estimated total credit outstanding at
pawnshops included in the single-payment loan
series.
CHARGE ACCOUNTS
As indicated earlier, responsibility for surveying retail credit outstanding was transferred
to the Bureau of the Census in 1966, and since
then estimates of charge-account credit outstanding at various types of retail outlets have
been based on data from the Census Bureau's
publication Monthly Retail Trade.
Charge accounts receivable are estimated
according to major categories of holders. Until
1966, as shown in Table 16.4, there were
three such holder groupsdepartment stores
and mail-order houses; other retail outlets;
and gasoline and fuel oil companies and general credit-card businesses. Beginning in 1966
the first two of these were combined. For the
two components charge accounts outstanding
are estimated in the same general way as are
their holdings of instalment credit.
The following paragraphs describe how the
series were compiled before 1966.

1072

13

Nugent, op. cit., pp. 374-82.

Section 16

Department stores and mail-order houses.


Charge accounts receivable at department
stores were derived from monthly reports of a
nationwide sample of about 500 stores accounting for nearly 90 per cent of all such
credit. Month-end estimates were prepared
from weighted Federal Reserve district totals
in the same manner as the estimates of instalment accounts receivable at these stores.
Bureau of the Census data indicate that the
small amount of charge-account credit outstanding at mail-order companies moves in
about the same way as such credit at department stores. Since separate figures for charge
accounts of mail-order companies were not
available monthly, the totals for department
stores and mail-order companies combined
were interpolated between benchmark dates by
use of the monthly reports of charge accounts
receivable at department stores. Sources were
the same as those described in the discussion
of instalment accounts receivable at department stores.
Estimates of charge accounts receivable
were adjusted by the straight-line method to
Bureau of the Census findings by Federal Reserve district for 1939 and 1948, Estimated
national totals for later years were compared
with year-end figures from the Census Surveys
of Retail Trade, but no adjustment was necessary. For earlier years benchmark data were
provided by Rolf Nugent's estimates and by
Retail Credit Surveys.
Other retail outlets. For estimating charge
accounts outstanding, retail outlets other than
department stores and mail-order houses were
divided into eleven groups: other general merchandise stores; furniture stores; household appliance stores; jewelry stores; the hardwarelumber group; the apparel group; the food
group; drug and proprietary stores; automobile
tire and accessory stores; gasoline service stations; and all other retail stores.
FURNITURE STORES, Charge accounts of
a sample of furniture stores were reported
monthly to the various Federal Reserve Banks.
The district figures were combined into a
weighted U. S, total. These data were adjusted

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to Census findings for 1939 and 1948 and,


insofar as necessary, to year-end estimates by
the Bureau of the Census. Retail Credit Surveys
provided benchmark data for the 1930's and a
basis for estimating a split in the Nugent figures
for earlier years. (See section describing estimates of instalment receivables at furniture
stores.)
OTHER. Data on charge accounts receivable
were not collected by the Federal Reserve for
the remaining kinds of business during most
of the period through 1965, For 1953-58, the
Bureau of the Census made only year-end
estimates, but after that it made month-end
estimates for major kinds of business; however,
these were not available in time for use in the
current consumer credit aggregates.
The Bureau's year-end estimates, adjusted
to include consumer credit extended by wholesalers and to exclude nonconsumer credit extended by retailers, were used as benchmark
data. Monthly estimates between benchmarks
are interpolations based on weighted sales.16
Errors accumulated during a 12-month period
through use of this method generally were
extremely small.
Prior to 1953 the series was adjusted to
the benchmark estimates provided in the
Censuses of 1939 and 1948, the Retail Credit
Surveys made by the Department of Commerce
or by the Federal Reserve in the 1930's and
1940's, and Rolf Nugent's estimates of total
retail receivables in the 1920's and early 1930's
when all or nearly all credit transactions at
most kinds of business were on a charge-account basis.
Credit cards. The credit-card category consists primarily of oil-company receivables,
arising from consumers' use of gasoline credit
cards and purchases of fuel oil. It also in16
Tests made on series for which both sales and
charge accounts receivable were available monthly
showed that the smallest average difference between
reported receivables and the movement described by a
weighted sales series occurred with a 3-month weighting system. This was in general agreement with information available on the average period of time elapsing between purchases on and payment of charge accounts. Differences by kind of business appeared to be
small; consequently, the 3-month weighting pattern
was adopted for all remaining retail groups.

1073

Consumer Credit

eludes estimates for the amount outstanding on


general credit cards, that is, those covering
travel, dining, and miscellaneous expenses.
Estimates of gasoline and fuel oil credit in
this sector exclude any amounts outstanding
at establishments classified as retail trade. The
amounts included in the credit-card estimates
cover only the consumer portion, which for
most of the components accounts for one-fifth
or less of the total amount owed by all holders
of these cards.
Consumer use of credit cards has grown
rapidly since World War II. Benchmark data
based on a 1958 survey of all companies extending credit of this type provided a basis for
carrying the series back to 1948. Although
gasoline credit cards were in limited use before the war, the amount of such credit outstanding was negligible, and no attempt has
been made to prepare estimates for those years.
During the latter part of the period ending
in 1965 the series was based on monthly reports of receivables from a sample of oil companies selected by size of 1958 customer
receivables to be representative of gasoline
credit-card and fuel oil credit used by consumers. Morith-to-month percentage changes
derived from sample data were weighted in
three size groups to give a monthly percentage
change, which was then applied to the estimated total outstanding balance at the end of
the preceding month to obtain an estimated
total of outstandings at the end of the current
month. Monthly or quarterly reports from the
major companies in the general credit-card
field provided a basis for estimating that portion of the total.
Nonconsumer adjustments for all creditcard components were based on percentages of
the total outstanding balances. These percentages were derived from estimates provided by
the individual respondents.
SERVICE CREDIT

service areas in which any appreciable amount


of consumer credit is known to exist. The
quality of some of the component estimates is
below the standards maintained in other segments of the series, but these estimates are
included in order to give the most complete
coverage possible for total consumer credit.
It appears that the estimates understate the
amount of credit in the service area.
The largest component of this type of credit
is the amount owed to hospitals, doctors, and
other medical practitioners.17 Another substantial component of service credit is that
owed to public utilities, which is measured
after deduction of deposits and prepayments.
The remainder represents amounts owed for a
variety of personal services such as cleaning
and dyeing, education, and recreation.
Services performed by retailers and financial
institutions are covered in other segments of
the consumer credit series and are excluded
from estimates of service credit, Even though
various other categories of service, such as that
provided by rental housing, account for a large
part of all consumption expenditures, they too
are excluded, either because the components
fall outside the consumer credit concept or
because the amount of credit involved is negligible.
Medical care. Monthly estimates of service
credit owed by consumers to doctors, dentists,
and hospitals between benchmark dates are
trend projections based on data for absenteeism in industry as estimated over several years
by the U.S. Public Health Service.
For the period from 1952 through 1959,
annual estimates for medical debt as of the
end of January were provided by the Survey
of Consumer Finances, which was made for
the Federal Reserve by the Survey Research
Center of the University of Michigan. Figures
for subsequent years are based on the relationship of these estimates to the Department of
Commerce annual totals of consumption expenditures for medical care. The projected

Service credit is the amount owed by individuals to professional practitioners and service
establishments. Estimates are made for all

17
If consumers owe such credit to financial institutions, it is classified as loan crediteither single-payment or personal instalmentrather than as service
credit.

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1074

Section 16

ratio is applied to each year's expenditure estimate as it becomes available.


Estimates for the 1940's were extrapolated
on the basis of the relationship that existed in
the 1952-59 period. These estimates were
linked to Rolf Nugent's year-end estimates of
credit outstanding for services of private practitioners and hospitals to yield estimates for
the two decades prior to World War II.
Public utilities. The public utility segment
includes consumer credit outstanding for gas,
electricity, water, and residential telephones.
Monthly estimates for the period beginning
with 1950 are based on the following types of
reported data: (1) End-of-month figures for
indebtedness on Bell System residential telephones, net of advance billings and customers'
deposits, are supplied by the American Telephone and Telegraph Company. The series includes amounts owed on business toll calls
charged to residential telephones, but excludes
personal toll calls charged to business telephones. Data are not available to permit adjustment for these factors. (2) Semiannual
estimates of amounts outstanding for electric
and gas utilities are supplied by the Edison
Electric Institute and the American Gas Association. These estimates are net of deposits;
and they are adjusted to exclude prepayments
on budget fuel accounts, since such prepayments involve no consumer credit. Monthly
data between benchmark dates are interpolated
by using seasonal patterns as shown in studies
made by the American Gas Association.
For the decade of the 1940's, year-end
figures were extrapolated by use of the Department of Commerce estimates of consumer service expenditures for gas and electricity.
Monthly interpolations between year-end
points were based on the percentage changes in
monthly data on employment and earnings in
gas and electric utilities published by the
Department of Labor. Estimates for each yearend in the 1920's and 1930's were based on
Nugent's estimates of service credit at public
utility companies,
Private education. The only educational institutions carrying any appreciable amount of

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consumer credit are the colleges and universities.18 Correspondence schools generally operate on a pay-as-you-go basis, and the final
payment usually precedes or is coincident with
completion of a course. Most commercial
business and trade schools operate on a similar basis.
Benchmark data on the amount outstanding
on student loan funds at colleges and universities are from the Office of Education of the
Department of Health, Education, and Welfare. That Office conducts the Biennial Survey
of Education in the United States, which shows
credit arising from student loan funds and held
by institutions of higher learning. Amounts
outstanding on student loans from Federal
funds are not included in the biennial survey
totals, but the figures are available from the
Office of Education. Since the Federal loan
program was established in 1958, these figures
have been included annually in the benchmarks for service credit outstanding on higher
education. Straight-line interpolations are
used between benchmark dates. Monthly data
are extrapolated from the latest benchmark
date on the basis of the trend in the ratio of
student debt to Department of Commerce data
on expenditures for higher education.
Between 1936 and 1948, the Survey of
Education did not include an item for student
loan funds outstanding. Year-end estimates for
intervening years were based on the relationship of student debt to consumption expenditures for higher education as indicated in the
1936 and 1948 Surveys, with allowances being
made for the decline and subsequent rise in
student debt relative to expenditures during the
war and early postwar years. Estimates for the
amounts of these loans outstanding before 1936
were made only in combination with credit for
recreation and other services. The totals for
this period were small relative to the service
total and were used with the major service
credit components.

1075

18
Loans for higher education made by financial institutions are not included in the service credit sector
of the consumer credit estimates but in personal
instalment loans and single-payment loans of the institution holding the credit.

Consumer Credit

Recreation. Consumer credit for recreation


arises principally from fees charged by golf
and other types of social clubs. Benchmark
data were obtained from the 1950 Survey of
Consumer Expenditures by the Bureau of
Labor Statistics, which reported both expenditures and amounts owed for recreation and
education combined. The estimate for recreation credit outstanding at the end of 1950 was
obtained by subtracting the amount outstanding on student loan funds from the estimated
total for recreation and education. Year-end
receivables have been estimated for later
years by applying to the annual consumption figures for recreation the 1950 relationship of the credit estimate for recreation
to the Department of Commerce estimate
of consumption expenditures for recreation.
Monthly data are interpolated by the
straight-line method between year-end points.
The same method was used for making
estimates for years from the mid-1930's to
1950, As mentioned above, separate estimates of recreation credit were not made
for earlier years.
Funeral and legal expenses. Year-end estimates of credit outstanding for funeral and
legal services are extrapolated from a 1950
benchmark of such expenditures provided by
the Bureau of Labor Statistics' Survey of Consumer Expenditures, using relationships of
credit at the year-end to annual consumption
expenditure data provided by the Department
of Commerce. Monthly data are derived by
straight-line interpolation between year-end
points.
For receivables of one segment, funeral
directors and embalmers, secondary benchmarks based on the Business Census for 1933
and for 1935 were interpolated and extrapolated to 1950 by a corresponding series prepared by Rolf Nugent.
Cleaning, dyeing, pressing, and repair of
garments. Trade association data indicate that
cleaning and dyeing establishments transact on

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1076

a charge-account basis a substantial proportion of their businessperhaps as much as


one-fifth of the total. Year-end estimates for
credit outstanding were derived from these
data and from the annual estimates of consumption expenditures for cleaning and dyeing
from the Department of Commerce. Monthly
estimates between year-end points are based on
changes in the Department of Labor's monthly
data on employment and earnings in cleaning
and dyeing establishments.
Automobile repair services. Service credit
for automobile repairs includes only the
amount outstanding at service garages. Credit
for automobile repairs that is carried on the
books of automobile dealers and other retailers is included in the consumer credit series
either in instalment credit on other consumer
goods or in charge accounts outstanding.
In making estimates for this sector, it was
assumed that the relationship of year-end receivables to consumer expenditures in service
garages (derived from the Department of Commerce data) would be the same as that shown
by charge accounts at automobile tire and accessory stores. Interpolation between year-end
benchmarks and extrapolation from the latest
year-end figures make use of the seasonal pattern for charge accounts of automobile tire
and accessory stores in deriving end-of-rnonth
estimates.
Other services. Remaining services involving some consumer credit but for which no
benchmark or monthly credit data are available include radio, television, and other household repair services; accessory and jewelry
repair; and dressmaking (not in shops). Credit
for these services, which account for no more
than 1 per cent of all service credit, is estimated by assuming that one-tenth of the Department of Commerce figures for annual expenditures are made on a 30-day credit basis.
The straight-line method of interpolation is
used between year-end points.

Section 16

SPECIAL ADJUSTMENTS
SEASONAL AND RELATED
ADJUSTMENTS
The monthly amounts of instalment credit
extended and repaid reflect various seasonal
influences, for the most part closely related to
the expenditure patterns for the commodities
associated with each type of credit.
Automobile instalment credit extended, for
example, tends to increase during the spring,
with the seasonal expansion in automobile
sales. After some decline during the summer,
it tends to rise again in the fall when most new
models are introduced. Seasonal variations in
automobile credit extended have been somewhat less in recent years than before World
War II.
Two other types of instalment credit extended also tend to rise and fall twice during
the year. This is true particularly of nonautomotive consumer goods paper, which
shows wider seasonal variations than other
segments. This type of credit has its first seasonal peak late in the spring. From this point
it usually declines somewhat in the summer
months and then gradually increases during
the remainder of the year. It reaches its highest point with the Christmas peak in retail
sales.
Extensions of personal loans tend to expand
from a comparatively low level in January and
February to a high point around the middle
of the year. The increase during this period
is accelerated temporarily in the spring by an
expansion in loans to pay income taxes. Extensions of personal loans then decline gradually until about November, but increase sharply
thereafter to another seasonal peak in December.
Home-improvement-loan volume, on the
other hand, increases from a seasonal low in
January and February to a high during the
warm months, then drops off sharply near the
end of the year.
Because repayments on the typical instalment contract are distributed evenly over a

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number of months, data on repayments show


much less variation than data on extensions.
The seasonal movements in repayments that
do occur are related to some extent to the
seasonal movements in extensions. The relationship between the two is a complex one because of the wide variety of contract maturities. In the case of personal loans, seasonal
variations in credit repaid tend to accompany,
in a dampened form, the seasonal fluctuations
in credit extended. This reflects to a considerable extent the importance of renewals, which
are reported both as repayments on old loans
and as extensions of new credit.
Seasonal adjustments for both the instalment credit extended and the credit repaid
series are calculated by using a variation of
the Census Method II for electronic computers.
This basic method, known as the X-l 1 seasonal
adjustment program, was described in an
article by Julius Shiskin and Harry Eisenpress. lft
Preliminary to the preparation of seasonal
factors, the automobile credit series is adjusted
for changes in the dates of new-model introductions, and all estimates are adjusted for
year-to-year differences in the number of trading days in each month,
In making trading-day adjustments, unadjusted totals of credit extended and repaid in
a given month are multiplied by the ratio of
the average number of trading days per month
in that year to the actual number in the month.
The actual number in each month or year
is calculated for retail credit as the number
of calendar days in the month or year minus
Sundays and principal holidays (New Year's
Day, Memorial Day, Independence Day, Labor
Day, Thanksgiving Day, and Christmas Day).
For credit held by financial institutions, the

1077

^'"Seasonal Adjustments by Electronic Computer


Methods," Journal of the American Statistical Association, December 1957, pp. 415-49.

Consumer Credit

Seasonal Factors and Number of Trading Days Used in Adjusting


Estimates of Credit Extended and Repaid for 1970
Type of credit and institution

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Seasonal factors
Credit extended;
Automobile paper:
Commercial banks
Finance companies
Credit unions
Automobile dealers

85.7
83.7
77.4
43.0

92.1
90.1
91.1
169.2

100.1
96.1
99.9
116.8

107.8
108,1
103.5
64.9

110.0
108.8
109.3
66.4

112.2
116.2
114.3
160.4

108.0
113.8
101.9
110,8

99.4
98.8
106.3
86.9

98.6
89.6
104.7
63.9

101.1
102.9
97.3
151.6

98.9
99.0
100.0
109.8

86.5
92.3
94.3
51.3

Other consumer goods paper:


Commercial banks
Finance companies
Credit unions
Retail outlets

95.4
88.7
76.0
89.3

90.5
94.4
94.4
80.2

93.2
93.9
104.2
89.8

102.3
96.7
108.4
95.5

103,3
102.3
119.1
97.5

106.1
104.7
118.9
97.5

105.6
102.9
96.2
91.5

98.0
97.8
99.4
95.6

102.7
102.2
104.9
101.2

91.3
99.9
87.5
95.9

93.1
102.3
98.4
114.2

117.8
114,2
90.0
151,6

Home improvement loans:


Commercial banks
Miscellaneous lenders

68.5
79.8

76.5
93.6

87.4
86.5

105,2
93.5

118.0
127.8

120.6
106.5

120.8
102.0

112.2
120.2

112.6
108.0

101.8
97.9

94.9
113.6

81.0
70.1

Personal loans:
Commercial banks
Finance companies
Credit unions
Miscellaneous lenders

92.2
82.2
91.8
86,3

92.2
89.0
85.9
151,8

96.8
92.9
91.6
86.5

108.8
98.7
105.6
50.9

103.4
96.2
103.4
159.3

102.2
104.1
113,9
67.2

102,4
101.0
113.6
61.7

102.9
99.5
105.3
131.3

107.6
97.9
97.7
93.7

95.1
92.2
95.1
84.8

93.9
113.5
92.0

103.1
133.1
103.8
58.7

98.9
98.8
100.2
97.2

100.0
99.2
100.3
94.6

98.8
102.4
100.3
101.5

101.2
101.5
100.1
104.5

101.5
104.0
102.0
98.7

100.0
99.1
99.7
97.0

101.7
102.2
102.1
103.0

97.6
95.7
97,1
100,3

102.2
98.7
101.1
106.0

100,0
101.3

96.4

102.1
99.8
101.2
102.6

96.0
96.9
95.2
96.1

102.4
96.6
99.3
114.6

100.7
101.2
96.0
104.4

103.0
101.4
101.3
100,2

100.2
100.1
99.6
100.7

101.1
102.0
102.9
100.1

99,5
100.8
102.4
96.9

99.5
99.3
100.1
99.0

95.7
93.1
95.8
93.9

102.8
98.1
107.2
97.5

97.8
97.0
98.6
97.0

98.2
103.8
100.0
99.5

98.6
107.5
,96.0
96.1

98.5
95.7

97.7
97.1

97,8
98.5

99.2
101.5

101.1
102.1

100.5
102.9

101.6
103.0

97.4
98.6

103.1
104.5

99.2
99.7

102.9
100.9

101.7
96.1

99.1
93.5
107.9
97.5

99.8
93.4
92.4
100.1

100.0
98.3
91.9
104.2

101.3
99.7
99.8
102.2

102.3
98.3
99.6
98.8

101.5
103.2
104.7
107.9

102.0
100.5
113.8
100.9

95.3
95.5
98.2
90.9

100.7
99.3
96.4
100.6

98.8
94.4
95.7
97.7

100.2
106.9
95.2
96.9

98.9
116.7
104.3
101.8

26
26.5

26
26

25
25

27
26.5

24,
24.5

26
26

Credit repaid:
Automobile paper:
Commercial banks
Finance companies
Credit unions
Automobile dealers
Other consumer goods paper:
Commercial banks
Finance companies
Credit unions
Retail outlets
Home improvement loans:
Commercial banks
Miscellaneous lenders
Personal loans:
Commercial banks
Finance companies
Credit unions
Miscellaneous lenders

100.3

Number of trading days


Retail outlets
Financial institutions

26
25.5

24
24

26
26.5

count used for retail credit is modified by


deducting one-half of a trading day from a
given month and adding it to the following
month, whenever the last day of the month in
question falls on a Saturday, Sunday, or holiday. The number of trading days and the seasonal factors used in making the adjusted estimates for 1970 are shown in the accompanying
table.
There are no series for extensions and repayments of noninstalment credit, but out-

Digitized for FRASER


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Federal Reserve Bank of St. Louis

25
24.5

26
26

26
26

standing balances are adjusted for seasonal


variation and for the changing date of Easter
by using computer techniques similar to those
used for instalment credit. Monthly changes
in noninstalment credit, seasonally adjusted,
represent the differences between seasonally
adjusted outstandings.
Seasonal factors are reviewed for accuracy
annually at the time new benchmark data are
incorporated. Any revisions in the seasonally
adjusted figures that may result from this

1078

Section 16

review are made available by the Board of


Governors.

A Typical Straight-Line Adjustment


(Dollar amounts in thousands)

Month 1

STRAIGHT-LINE ADJUSTMENT TO
BENCHMARKS
In almost every segment of the consumer
credit statistics, preliminary estimates are adjusted periodically to more complete annual or
survey data, much of it from the Bureau of the
Census, Since no information is available as to
when the difference between the preliminary
estimates and the benchmark figures arises or
at what rate it has accumulated, it is assumed
that the observed error at the end of the period
has accumulated gradually over the entire
period, with the minimum error occurring at
the beginning of the period and the maximum
at the end. In order to provide a correction
that corresponds to this assumption, a straightline type of adjustment is used. The accompanying table illustrates how the monthly estimates of personal instalment loans keld by
sales finance companies were adjusted for the
period from mid-1955 through mid-1960 to
Survey data for June 30, 1960.
According to data obtained in the Survey
for June 30, 1960, personal instalment loans
outstanding at sales finance companies totaled
$988,985,000 as shown in Column 4. The
estimate that had been made for that date,
based on sample data, was $970,835,000, as
shown in Column 2. The factors required to
correct the sample-based seriesthe ratios of
Column 4 to Column 2moved up from
1.00000 for the June 1955 benchmark to

Digitized for FRASER


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Federal Reserve Bank of St. Louis

Number
of months
between Estimated
benchseries
marks
(1)
(2)

1955June

Adjusted
Correc- estimates
tion
(col. 2 x
factor
col. 3)
(3)
(4)

. 2$421,000

n.ooooo
1.00031
1.00062
1.00093
1.00124
1.00155
1.00186

1955July
Aug
Sept
Oct
Nov
Dec

1
2
3
4
5
6

427,000
431,000
434,000
438,000
447,000
465,000

1960June

60

970,835

1.01869

1
Computations are shown only for July-December
for June 1960. Figures for intervening months were
in the same manner.
2
Benchmark from Survey of Finance Companies,
1955.
3
Benchmark ratio calculated as Col. 4 -r- Col. 2.
4
Benchmark from Survey of Finance Companies,
1960.

$421,000
427,133
431,269
434,406
438,546
447,696
465,869
4

988,985

1955 and
computed
June 30,
June 30,

988,985
or 1.01869 for the June 1960 bench970,835
mark. The growth in the factor over this 60month period totaled
988,985
970,835

1 = 1.01869

1.00000 -

0.01869. The average monthly growth was


0.01869 * 60, or 0.00031. This was the factor
applicable to the first month after the initial
benchmark; the factor was double this percentage for the second month; triple for the
third; and so on. In this procedure the total
percentage error is divided into equal "percentage point" amounts and accumulated by
months.

1079

CONSUMER CREDIT
16.1 TOTAL CONSUMER CREDIT OUTSTANDING, BY MAJOR TYPES, 1919-70
[In millions of dollars]
Instalment
Total

End of period

Total

Automobile
paper

Noninstalment

Other
consumer
goods
paper

Home
improvement
loans l

Personal
loans

Total

Singlepayment
loans

Charge
accounts

Service
credit

2,642
2,964
2,966
3,166
3,652
4,025

800
969
919
1,047
1,368
1,646

304
376
317
295
526
670

409
490
484
619
684
779

5
7
9
10
12
16

82
96
109
123
146
181

1,842
1,995
2,047
2,119
2,284
2,379

306
354
404
430
512
561

,298
,379
,358
,391
,456
,482

238
262
285
298
316
336

4,715
5,227
5,344
6,258
7,116

2,115
2,363
2,319
2,935
3,524

914
977
765
1,134
1,384

951
1,083
1,183
1,331
1,544

22
24
26
28
27

228
279
345
442
569

2,600
2,864
3,025
3,323
3,592

671
745
812
928
1,040

,549
,701
,765
,901
,996

380
418
448
494
556

6,351
5,315
4,026
3,885
4,218

3,022
2,463
1,672
1,723
1,999

986
684
356
493
614

1,432
1,214
834
799
889

25
22
18
15
37

579
543
464
416
459

3,329
2,852
2,354
2,162
2,219

955
712
505
418
473

,833
,635
,374
,286
,306

541
505
475
458
440

5,190
6,375
6,948
6,370
7,222

2,817
3,747
4,118
3,686
4,503

992
1,372
1,494
1,099
1,497

,000
,290
,505
,442
,620

253
364
219
218
298

572
721
900
927
1,088

2,373
2,628
2,830
2,684
2,719

561
698
792
773
787

,354
,428
,504
,403
,414

458
502
534
508
518

8,338
9,172
5,983
4,901
5, HI

5,514
6,085
3,166
2,136
2,176

2,071
2,458
742
355
397

,827
,929
,195
819
791

371
376
255
130
119

1,245
1,322
974
832
869

2,824
3,087
2,817
2,765
2,935

800
845
713
613
624

,471
,645
,444
,440
,517

553
597
660
712
794

5,665
8,384
11,598
14,447
17,364

2,462
4,172
6,695
8,996
11,590

455
981
1,924
3,018
4,555

816
1,290
2,143
2,901
3,706

182
405
718
853
898

1,009
1,496
1,910
2,224
2,431

3,203
4,212
4,903
5,451
5,774

746
1,122
1,356
1,445
1,532

1,612
2,076
2,381
2,722
2,854

845
1,014
1,166
1,284
1,388

21,471
22,712
27 , 520
31,393
32,464

14,703
15,294
19,403
23,005
23,568

6,074
5,972
7,733
9,835
9,809

4,799
4,880
6,174
6,779
6,751

1,016
1,085
1,385
1,610
1,616

2,814
3,357
4,111
4,781
5,392

6,768
7,418
8,117
8,388
8,896

1,821
1,934
2,120
2,187
2,408

3,367
3,700
4,130
4,274
4,485

1 , 580
1,784
1,867
1,927
2,003

38,830
42,334
44,971
45,129
51,544

28,906
31,720
33,868
33,642
39,247

13,460
14,420
15,340
14,152
16,420

7,641
8,606
8,844
9,028
10,631

1,693
1,905
2,101
2,346
2,809

6,112
6,789
7,582
8,116
9,386

9,924
10,614
11,103
11,487
12,297

3,002
3,253
3,364
3,627
4,129

4,795
4,995
5,146
5,060
5,104

2,127
2,366
2,593
2,800
3,064

1960
1961
1962
1963
1964

56,141
57,982
63,821
71,739
80,268

42,968
43,891
48,720
55,486
62,692

17,658
17,135
19,381
22,254
24,934

11,545
1 1 , 862
12,627
14,177
16,333

3,148
3,221
3,298
3,437
3,577

10,617
11,673
13,414
15,618
17,848

13,173
14,091
15,101
16,253
17,576

4,507
5,136
5,456
6,101
6,874

5,329
5,324
5,684
5,903
6,195

3,337
3,631
3,961
4,249
4,507

1965
1966
1967
1968
1969

89 , 883
96,239
100,783
110,770
121,146

70,893
76,245
79,428
87,745
97,105

28,437
30,010
29,796
32,948
35,527

18,483
20,732
22,389
24,626
28,313

3,736
3,841
4,008
4,239
4,613

20,237
21,662
23,235
25,932
28,652

18,990
19,994
21,355
23,025
24,041

7,671
7,972
8,558
9,532
9,747

6,430
6,686
7,070
7,193
7,373

4,889
5,336
5,727
6,300
6,921

127,163

102,064

35,184

31,465

5,070

30,345

25,099

9,675

7,968

7,456

7,048
6,911
6,990
7,168
7,406
7,592
7,606
7,706
7,755
7,875
7,981
8,338

4,487
4,478
4,548
4,678
4,841
5,003
5,067
5,143
5,173
5,247
5,344
5,514

1,516
1,546
1,598
1,685
1,785
1,878
1,933
1,960
1,953
1,986
2,026
2,071

1,576
1,531
1,531
,559
,596
,634
,625
,646
,663
,693
,733
,827

297
295
292
297
302
310
318
333
347
352
364
371

1,098
1,106
1,127
1,137
,158
,181
,191
,204
,210
,216
,221
,245

2,561
2,433
2,442
2,490
2,565
2,589
2,539
2,563
2,582
2,628
2,637
2,824

780
771
764
761
762
764
766
770
778
787
793
800

1,252
1,121
1,126
1,167
1,224
1,240
1,192
1,207
1,222
1,269
1,283
1,471

529
541
552
562
579
585
581
586
582
572
561
553

8,166
8,079
8,181
8,535
8,914
9,124
9,203
9,346
9,313
9,195
9,040
9,172

5,495
5,527
5,613
5,865
6,122
6,295
6,401
6,487
6,400
6,267
6,143
6,085

2,112
2,159
2,235
2,394
2,561
2,693
2,775
2,813
2,741
2,653
2,560
2,458

,758
,732
,729
,795
,863
,887
,897
1,929
1,921
1,891
1,880
1,929

369
369
362
366
369
373
375
382
390
391
382
376

,256
,267
,287
,310
,329
,342
,354
,363
,348
,332
,321
,322

2,671
2,552
2,568
2,670
2,792
2,829
2,802
2,859
2,913
2,928
2,897
3,087

801
799
795
806
826
832
829
828
830
836
842
845

1,310
1,177
1,184
1,265
1,348
1,371
1,348
1,406
1,457
1,476
1,449
1,645

560
576
589
599
618
626
625
625
626
616
606
597

1919
1920
1921
1922
1923
1924
1925...
1926
1927
1928
1929

....

1930
1931
1932
1933
1934.

. .

1935.
1936
1937
1938
1939.

. . .

1940
1941
1942
1943
1944

. . . .

1945
1946
1947
1948
1949
1950
1951
1952
1953
1954

. .

1955
1956
1957
1958
1959

. .

1970
1940 jan.
Feb
Mar. . .
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec.
1941Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

....

. ...

For note see end of table.

Digitized for FRASER


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Federal Reserve Bank of St. Louis

1081

CONSUMER CREDIT
16.1

TOTAL CONSUMER CREDIT OUTSTANDING, BY MAJOR TYPES, 1919-70Continued


[In millions of dollars]
Noninstalment

Instalment
Total

End of month

Total

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans1

Personal
loans

Total

Singlepayment
loans

Charge
accounts

Service
credit

8,751
8,328
8,119
7,928
7,671
7,308
6,921
6,622
6,415
6,227
5,996
5,983

5,796
5,527
5,336
5,111
4,841
4,550
4,265
3,991
3,749
3,511
3,309
3,166

2,296
2,128
,981
1,824
,675
,529
,391
,254
,119
983
865
742

1,847
1,782
1,756
1,719
1,646
1,542
1,441
1,358
1,294
1,241
1,194
1,195

361
348
334
324
311
297
281
268
263
257
256
255

,292
,269
,265
,244
,209
,182
,152
,111
,073
,030
994
974

2,955
2,801
2,783
2,817
2,830
2,758
2,656
2,631
2,666
2,716
2,687
2,817

833
823
816
803
788
771
759
750
742
734
728
713

,516
,360
,343
,383
,388
,328
,244
,227
,267
,328
,300
,444

606
618
624
631
654
659
653
654
657
654
659
660

1943 Jan
Feb , . .
Mar
Apr. . . .
May
June . . .
July
Aug. ...
Sent .
Oct
Nov ..
Dec

5,558
5,256
5,107
5,055
4,977
4,916
4,753
4,662
4,689
4,727
4,738
4,901

2,920
2,713
2,566
2,454
2,341
2,275
2,184
2,125
2,107
2,085
2,081
2,136

646
568
499
455
423
396
376
369
368
363
359
355

1,099
1,028
971
943
898
863
817
785
775
773
780
819

248
230
211
195
183
173
163
153
148
141
135
130

927
887
885
861
837
843
828
818
816
808
807
832

2,638
2,543
2,541
2,601
2,636
2,641
2,569
2,537
2,582
2,642
2,657
2,765

700
682
673
671
665
652
631
621
637
650
647
613

,275
,179
,173
,213
,240
,232
,220
,191
,223
1,277
1,295
1,440

663
682
695
707
731
737
728
725
722
715
715
712

1944

4,614
4,440
4,496
4,545
4,664
4,722
4,672
4,672
4,713
4,771
4,843
5,111

2,044
1,983
1,999
1,982
1,992
2,015
2,019
2,023
2,030
2,048
2,079
2,176

346
343
345
352
366
385
403
411
409
407
402
397

765
721
706
695
692
685
668
666
674
699
728
791

124
120
116
112
109
110
112
113
113
116
119

no

809
799
832
823
825
835
838
834
834
829
833
869

2,570
2,457
2,497
2,563
2,672
2,707
2,653
2,649
2,683
2,723
2,764
2,935

589
572
572
588
608
637
636
632
623
627
626
624

,268
,148
,173
,210
,265
,262
,219
,221
,267
1,308
1,344
1,517

713
737
752
765
799
808
798
796
793
788
794
794

4,867
4,682
4,781
4,768
4,858
4,940
4,896
4,879
4,902
5,075
5,261
5,665

2,116
2,059
2,090
2,078
2,087
2,115
2,116
2,111
2,126
2,199
2,293
2,462

385
375
380
379
378
385
392
394
403
414
432
455

754
715
713
698
688
685
669
662
664
699
735
816

120
122
126
127
134
142
147
153
156
166
175
182

857
847
871
874
887
903
908
902
903
920
951
1,009

2,751
2,623
2,691
2,690
2,771
2,825
2,780
2,768
2,776
2,876
2,968
3,203

620
617
617
637
665
697
702
697
687
692
713
746

1,343
1,197
1.2SS
,227
,252
,268
,230
,230
,253
,351
,415
,612

788
809
819
826
854
860
848
841
836
833
840
845

1946 Jan
Feb
Mar .
Apr
May . . .
June
July
AUE . .
Sept. ...
Oct
Nov
Dec

5,569
5,575
5,803
6,118
6,397
6,570
6,659
6,936
7,169
7,467
7,802
8,384

2,483
2,529
2,631
2,787
2,928
3,055
3,177
3,339
3,476
3,655
3,853
4,172

475
495
525
578
627
665
708
759
806
859
914
98 J

800
796
813
853
892
918
942
981
1,015
1,078
1,148
1,290

190
199
213
230
247
266
286
311
333
359
381
405

1,018
1,039
1,080
1,126
1,162
1,206
1,241
1,288
1,322
1,359
1,410
1,496

3,086
3,046
3,172
3,331
3,469
3,515
3,482
3,597
3,693
3,812
3,949
4,212

778
808
841
872
897
915
936
965
997
1,033
,076
,122

,463
,361
,419
,525
,592
,605
,561
,643
,704
,788
,869
2,076

845
877
912
934
980
995
985
989
992
991
,004
,014

1947Jan
Feb ...
Mar .,
Apr
May
June
July..
AUK
Sept
Oct
Nov ...
Dec

8,299
8,302
8,585
8,940
9,334
9,573
9,670
9,842
10,117
10,463
10,844
11,598

4,291
4,408
4,613
4,854
5,083
5,297
5,456
5,617
5,766
5,978
6,265
6,695

1,049
1,126
1,225
1,322
1,418
1,504
1,572
1,636
,690
1,751
1,834
1,924

1,287
1,298
1,344
1,417
1,487
1,551
1,581
1,617
1,675
1,770
1,905
2,143

422
426
443
474
502
536
568
604
643
676
702
718

1,533
1,558
1,601
1,641
1,676
1,706
1,735
1,760
1,758
1,781
1,824
1,910

4,008
3,894
3,972
4,086
4,251
4,276
4,214
4,225
4,351
4,485
4,579
4,903

,159
,179
,190
,203
,224
,247
,262
,281
,299
,324
,342
,356

1,829
1,661
1,697
1,777
1,875
,857
,787
,778
,880
,995
2,067 i
2,381

,020
,054
,085
,106
,152
,172
,165
,166
,172
,166
,170
,166

1942 Jan
Feb
Mar
Apr
May . . .
June . . .
July
AUK. . . .
Sept
Oct
Nov.
Dec

Jan .
Feb
Mar
Apr
May . . .
June . . .
July
Aug. . . .
Sept
Oct
Nov
Dec

I945_jan
Feb
Mar .
Apr
May . , .
June
July. . o .
Aua . .
Sept, . . , ,
Oct
Nov
Dec

...

For note see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1082

CONSUMER CREDIT
16.1

TOTAL CONSUMER CREDIT OUTSTANDING, BY MAJOR TYPES, 1919-70Continued


[In millions of dollars]
Instalment

End of month

Total
Total

Automobile
paper

Other
consumer
goods
paper

Noninstalment

Home
improvement
loans *

Personal
loans

Total

Singlepayment
loans

Charge
accounts

Service
credit

11,467
11,372
11,734
12,166
12,529
12,802
12,956
13,168
13,498
13,653
13,816
14,447

6,813
6,898
7,178
7,477
7,703
7,902
8,108
8,326
8,549
8,597
8,705
8,996

2,007
2,082
2,246
2,396
2,489
2,577
2,701
2,820
2,911
2,934
2,974
3,018

2,159
2,141
2,204
2,293
2,375
2,432
2,474
2,539
2,640
2,665
2,714
2,901

713
720
734
763
788
802
811
821
835
844
855
853

1,934
1,955
1,994
2,025
2,051
2,091
2,122
2,146
2,163
2,154
2,162
2,224

4,654
4,474
4,556
4,689
4,826
4,900
4,848
4,842
4,949
5,056
5,111
5,451

1,367
1,383
1,400
1,404
1,429
1,437
1,423
1,422
1,430
1,425
1,440
1,445

2,118
1,894
1,937
2,036
2,122
2,176
2,132
2,119
2,215
2,329
2,378
2,722

1,169
1,197
1,219
1,249
1,275
1,287
1,293
1,301
1,304
1,302
1,293
1,284

14,002
13,702
13,796
14,190
14,583
14,880
14,989
15,292
15,695
16,086
16,489
17,364

8,892
8,855
8,974
9,205
9,509
9,786
9,996
10,290
10,561
10,847
11,135
11,590

3,010
3,038
3,179
3,358
3,560
3,719
3,881
4,077
4,223
4,365
4,488
4,555

2,834
2,801
2,773
2,808
2,883
2,942
2,974
3,036
3,139
3,264
3,392
3,706

830
810
802
802
813
834
832
854
863
879
895
898

2,218
2,206
2,220
2,237
2,253
2,291
2,309
2,323
2,336
2,339
2,360
2,431

5,110
4,847
4,822
4,985
5,074
5,094
4,993
5,002
5,134
5,239
5,354
5,774

1,442
1,439
1,432
1,419
1,436
1,441
1,438
1,447
1,462
1,479
1,519
1,532

2,380
2,103
2,068
2,212
2,266
2,272
2,169
2,170
2,278
2,369
2,451
2,854

1,288
1,305
1,322
1,354
1,372
1,381
1,386
1,385
1,394
1,391
1,384
1,388

1950 j an . t
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

17,017
16,846
17,109
17,569
18,198
18,785
19,487
20,083
20,607
20,783
20,799
21,471

11,599
11,669
11,888
12,136
12,534
13,030
13,578
14,045
14,452
14,570
14,492
14,703

4,613
4,717
4,868
5,024
5,220
5,504
5,825
6,032
6,191
6,212
6,133
6,074

3,671
3,643
3,690
3,760
3,887
4,004
4,159
4,349
4,546
4,611
4,588
4,799

889
887
872
872
897
922
945
971
996
1,014
1,021
1,016

2,426
2,422
2,458
2,480
2,530
2,600
2,649
2,693
2,719
2,733
2,750
2,814

5,418
5,177
5,221
5,433
5,664
5,755
5,909
6,038
6,155
6,213
6,307
6,768

1,526
1,527
1,546
1,576
1,646
1,643
1,669
1,683
1,698
1,770
1,871
1,821

2,509
2,245
2,255
2,388
2,518
2,581
2,677
2,787
2,879
2,882
2,876
3,367

1,383
1,405
1,420
1,469
1,500
1,531
1,563
1,568
1,578
1,561
1,560
1,580

1951Jan
Feb
Mar
Apr
May
June
July
Sept
Oct
Nov. . .
Dec

21,167
20,827
20,861
20,823
21,029
21,087
20,893
21,164
21,417
21,644
21,932
22,712

14,564
14,409
14,382
14,321
14,376
14,437
14,369
14,622
14,766
14,826
14,946
15,294

5,984
5,910
5,875
5,873
5,932
5,996
5,992
6,108
6,157
6,095
6,048
5,972

4,727
4,639
4,591
4,502
4,445
4,393
4,289
4,354
4,389
4,478
4,572
4,880

1,001
988
987
989
1,002
1,003
1,012
1,029
1,045
1,064
1,082
1,085

2,852
2,872
2,929
2,957
2,997
3,045
3,076
3,131
3,175
3,189
3,244
3,357

6,603
6,418
6,479
6,502
6,653
6,650
6,524
6,542
6,651
6,818
6,986
7,418

1,826
1,862
1,906
1,923
1,973
1,938
1,924
1,916
1,912
1,931
1,977
1,934

3,189
2,926
2,909
2,882
2,956
2,955
2,830
2,856
2,946
3,114
3,243
3,700

1,588
1,630
1,664
1,697
1,724
1,757
1,770
1,770
1,793
1,773
1,766
1,784

1952Jan
Feb
Mar
Apr
May
June
July
Aug. . .
Sept .
Oct
Nov
Dec

22,161
21,866
21,819
22,205
23,020
23,802
24,146
24,452
24,891
25,581
26,085
27,520

15,121
15,030
15,032
15,234
15,834
16,588
17,044
17,329
17,669
18,216
18,579
19,403

5,881
5,848
5,824
5,916
6,249
6,662
6,878
6,946
7,055
7,293
7,504
7,733

4,776
4,683
4,647
4,667
4,812
5,001
5,133
5,252
5,400
5,626
5,712
6,174

1,074
1,073
1,071
1,091
,132
,174
,216
,254
,297
,345
,374
,385

3,390
3,426
3,490
3,560
3,641
3,751
3,817
3,877
3,917
3,952
3,989
4,111

7,040
6,836
6,787
6,971
7,186
7,214
7,102
7,123
7,222
7,365
7,506
8,117

1,941
1,987
2,009
2,021
2,073
2,073
2,039
2,040
2,047
2,045
2,126
2,120

3,324
3,033
2,944
3,101
3,253
3,267
3,185
3,200
3,286
3,452
3,515
4,130

1,775
1,816
1,834
1,849
1,860
1,874
1,878
1,883
1,889
1,868
1,865
1,867

1953 Jan,
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

27,330
27,071
27,538
28,107
28,766
29,160
29,394
29,694
29,933
30,237
30,417
31,393

19,586
19,720
20,150
20,551
21,016
21,467
21,887
22,146
22,317
22,503
22,654
23,005

7,899
8,093
8,397
8,693
8,996
9,241
9,514
9,677
9,772
9,875
9,898
9,835

6,145
6,070
6,100
6,124
6,200
6,287
6,337
6,369
6,379
6,422
6,485
6,779

,380
,381
,392
,412
,441
,472
,500
,524
,557
,585
,609
,610

4,162
4,176
4,261
4,322
4,379
4,467
4,536
4,576
4,609
4,621
4,662
4,781

7,744
7,351
7,388
7,556
7,750
7,693
7,507
7,548
7,616
7,734
7,763
8,388

2,171
2,144
2,241
2,275
2,326
2,224
2,110
2,168
2,172
2,178
2,155
2,187

3,716
3,336
3,274
3,383
3,500
3,530
3,453
3,418
3,474
3,613
3,669
4,274

,857
,871
,873
,898
,924
,939
,944
,962
,970
,943
,939
,927

1948Jan
Feb
Mar
Apr.. .
May
June . . .
July
Aufi
Sept
Oct
Nov
Dec
1949 jan
Feb
Mar
Apr
May
June
July

. .

. .

Sept. . .
Oct
Nov
Dec

For note see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1083

CONSUMER CREDIT
16.1

TOTAL CONSUMER CREDIT OUTSTANDING, BY MAJOR TYPES, 1919-70Continued


[In millions of dollarsJ
Nontnstalmcnt

Instalment
Total

End of month

Total

1954Jan
Fcb
Mar
Apr
May

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans1

Personal
loans

Total

Singlepayment
loans

Charge
accounts

Service
credit

30,550
29,888
29,554
29,838
30,090
30,352
30,431
30,461
30,595
30,813
31,103
32,464

22,638
22,365
22,160
22,207
22,268
22,501
22,658
22,740
22,803
22,881
22,983
23,568

9,650
9,497
9,403
9,416
9,459
9,604
9,722
9,769
9,781
9,768
9,720
9,809

6,622
6,490
6,331
6,296
6,256
6,261
6,234
6,214
6,218
6,280
6,377
6,751

,595
,581
,571
,575
,594
,596
,604
,615
,622
,628
,626
,616

4,771
4,797
4,855
4,920
4,959
5,040
5,098
5,142 '
5,182
5,205
5,260
5,392

7,912
7,523
7,394
7,631
7,822
7,851
7,773
7,721
7,792
7,932
8,120
8,896

2,138
2,108
2,126
2,158
2,285
2,306
2,280
2,290
2,316
2,359
2,391
2,408

3,787
3,396
3,257
3,449
3,527
3,561
3,514
3,468
3,526
3,640
3,785
4:!485

1,987
2,019
2,011
2,024
2,010
1,984
1,979
1,963
1,950
1,933
1,944
2,003

1955 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov . . .
Dec

31,938
31,755
32,094
32,911
33,695
34,593
34,971
35,683
36,294
36,684
37,248
38,830

23,512
23,604
24,046
24,591
25,204
25,969
26,501
27,138
27,628
27,881
28,170
28,906

9,861
10,028
10,410
10,796
11,254
11,794
12,234
12,714
13,069
13,239
13,318
13,460

6,668
6,563
6,554
6,596
6,665
6,770
6,811
6,891
6,967
7,034
7,182
7,641

,574
,552
,533
,538
,552
,572
,585
,613
,640
,666
,681
,693

5,409
5,461
5,549
5,661
5,733
5,833
5,871
5,920
5,952
5,942
5,989
6,112

8,426
8,151
8,048
8,320
8,491
8,624
8,470
8,545
8,666
8,803
9,078
9,924

2,365
2,431
2,494
2,516
2,621
2,726
2,663
2,729
2,783
2,810
2,940
3,002

3,986
3,565
3,435
3,664
3,759
3,796
3,719
3,744
3,831
3,961
4,079
4,795

2,075
2,155
2,119
2,140
2,111
2,102
2,088
2,072
2,052
2,032
2,059
2,127

1956

38,170
37,822
38,095
38,554
39,203
39,679
39,706
40,117
40,369
40,488
41,005
42,334

28,787
28,825
29,019
29,332
29,676
30,062
30,304
30,671
30,760
30,897
31,144
31,720

13,475
13,566
13,732
13,878
14,043
14,237
14,361
14,509
14,515
14,465
14,433
14,420

7,525
7,439
7,386
7,445
7,529
7,626
7,666
7,775
7,815
7,956
8,157
8,606

,665
,660
,667
,685
,724
,756
,775
,807
,840
,874
,898
1,905

6,122
6,160
6,234
6,324
6,380
6,443
6,502
6,580
6,590
6,602
6,656
6,789

9,383
8,997
9,076
9,222
9,527
9,617
9,402
9,446
9,609
9,591
9,861
10,614

2,923
2,933
3,049
3,087
3,251
3,240
3,158
3,183
3,239
3,169
3,258
3,253

4,;3i

3,787
3,731
3,796
3,966
4,077
3,958
3,993
4,091
4,180
4,327
4,995

2,229
2,277
2,296
2,339
2,310
2,300
2,286
2,270
2,279
2,242
2,276
2,366

41,520
41,075
41,011
41,530
42,187
42,661
42,862
43,252
43,365
43,405
43,636
44,970

31,468
31,372
31,396
31,641
32,013
32,440
32,792
33,102
33,202
33,285
33,356
33,867

14,364
14,377
14,464
14,618
14,800
15,034
15,220
15,373
15,426
15,440
15,393
15,340

8,421
8,271
8,156
8,128
8,206
8,284
8,325
8,352
8,356
8,371
8,434
8,844

1,889
1,886
1,892
1,906
1,940
1,968
1,994
2,037
2,061
2,091
2,107
2,101

6,794
6,838
6,884
6,989
7,067
7,154
7,253
7,340
7,359
7,383
7,422
7,582

10,052
9,703
9,615
9,889
10,174
10,221
10,070
10,150
10,163
10,120
10,280
11,103

3,205 I
3,242
3,291
3,304
3,437
3,416
3,328
3,348
3,365
3,292
3,315
3,364

4,444
3,980
3,827
4,040
4,211
4,272
4,229
4,292
4,296
4,363
4,458
5,146

2,403
2,481
2,497
2,545
2,526
2,533
2,513
2,510
2,502
2,465
2,507
2,593

44,078
43,150
42.627
42,768
43,066
43,204
43,111
43,286
43,254
43,285
43,543
45,129

33,490
33,053
32,724
32,672
32,692
32,794
32,863
32,954
32,859
32,836
32,913
33,642

15,176
14,981
14,753
14,659
14,589
14,573
14,557
14,513
14,334
14,171
14,081
14,152

8,635
8,403
8,301
8,236
8,260
8,280
8,284
8,327
8,355
8,444
8,557
9,028

2,097
2,082
2,076
2,087
2,126
2,152
2,177
2,221
2,260
2,299
2,332
2,346

7,582
7,587
7,594
7,690
7,717
7,789
7,845
7,893
7,910
7,922
7,943
8,116

10,588
10,097
9,903
10,096
10,374
10,410
10,248
10,332
10,395
10,449
10,630
11,487

3,362
3,372
3,369
3,364
3,452
3,499
3,442
3,498
3,519
3,497
3,564
3,627

4,597
4,024
3,827
3,999
4,204
4,202
4,114
4,136
4,190
4,299
4,370
5,060

2,629
2,701
2,707
2,733
2,718
2,709
2,692
2,698
2,686
2,653
2,696
2,800

44,676
44,361
44,526
45,261
46,147
47,026
47,541
48,344
48,907
49,411
49,954
51,542

33,590
33,597
33,812
34,336
34,928
35,704
36,338
37,100
37,623
38,101
38,451
39,245

14,181
14,242
14,392
14,699
15,010
15,437
15,785
16,138
16,321
16,500
16,506
16,420

8,943
8,854
8,830
8,900
9,041
9,204
9,319
9,496
9,638
9,808
10,013
10,630

2,333
2,335
2,357
2,391
2,45J
2,506
2,565
2,629
2,688
2,737
2,778
2,809

8,133
8,166
8,233
8,346
8,426
8,557
8,669
8,837
8,976
9,056
9,154
9,386

11,086
10,764
10,714
10,925
11,219
11,322
11,203
11,244
11,284
11,310
11,503
,12,297

3,581
3,675
3,729
3,789
3,897
3,962
3,927
3,999
4,046
4,012
4,075
4,129

4,648
4,149
4,040
4,145
4,341
4,386
4,320
4,281!
4,288
4,378
4,459
5,104

2,857
2,940
2,945
2,991
2,981
2,974
2,956
2,964
2,950
2,920
2,969
3,064

July
Aug
Scot
Oct
Nov
Dec

. .

Jan
Feb

Mar

Apr
May
June
July
Aug
Scot .
Oct.,
Nov
Dec

1957 jan
Feb
Mar .
Apr
May
July

AUB
Sept
Oct .
Nov
Dec

1958 Jan

Feb

Mar

Apr

May
June . .
July.
AUR . . . . .
Sept
Oct .

Nov
Dec

. . .
.

1959 Jan
Feb

Mar
Apr

May
June
July
Aug .
Scot
Oct
Nov
Dec

For note see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1084

CONSUMER CREDIT
16.1 TOTAL CONSUMER CREDIT OUTSTANDING, BY MAJOR TYPES, 1919-70Continued
[In millions of dollars]
Instalment
Total

End of month

Total

Automobile
paper

Noninstalment

Other
consumer
goods
paper

Home
improvement
loans 1

Personal
loans

Total

Singlepayment
loans

Charge
accounts

Service
credit

I960 Jan.
Feb
Mar
Apr.
May
June
July
Aug
Sept
Oct
Nov
Dec

50,942
50,714
50,856
51,900
52,559
53,272
53,501
53 , 892
54,174
54,314
54,656
56,141

39,135
39,182
39,411
40,011
40,473
41,105
41,469
-41,873
42,089
42,182
42,338
42,968

16,390
16,491
16,685
17,025
17,277
17,594
17,719
17,836
17,828
17,780
17,763
17,658

10,547
10,424
10,365
10,434
10,490
10,636
10,670
10,739
10,831
10,911
11,007
11,545

2,800
2,812
2,831
2,871
2,935
2,984
3,021
3,077
3,114
3,135
3,152
3,148

9,398
9,454
9,531
9,681
9,771
9,893
10,059
10,221
10,317
10,356
10,416
10,617

11,807
11,532
11,445
1 1 , 889
12,086
12,167
12,032
12,019
12,085
12,132
12,318
13,173

4,059
4,146
4,225
4,280
4,386
4,384
4,373
4,401
4,460
4,432
4,478
4,507

4,625
4,180
4,016
4,328
4,435
4,529
4,413
4,390
4,411
4,504
4,605
5,329

3,123
3,206
3,204
3,281
3,265
3,254
3,246
3,228
3,214
3,196
3,235
3,337

1961Jan.
Feb
Mar.
Apr
May
June
July
Aug
Scot.
Oct.
Nov
Dec

55,171
54,320
54,118
54,227
54,634
55,011
54,958
55,304
55,377
55,580
56,195
57,982

42,503
42,054
41 , 867
41,841
42,022
42,348
42,421
42,664
42,654
42,799
43,061
43,891

17,420
17,203
17,095
17,039
17,087
17,213
17,220
17,223
17,060
17,074
17,129
17,135

11,375
11,147
11,015
10,924
10,940
10,977
10,966
11,028
11,088
11,138
11,265
11,862

3,112
3,088
3,082
3,091
3,120
3,143
3,155
3,193
3,213
3,220
3,232
3,221

10,596
10,616
10,675
10,788
10,875
11,015
11,081
11,220
11,292
11,366
11,435
11,673

12,668
12,266
12,251
12,386
12,612
12,663
12,537
12,640
12,723
12,781
13,134
14,091

4,502
4,571
4,608
4,585
4,712
4,738
4,732
4,823
4,916
4,894
5,025
5,136

4,754
4,187
4,141
4,229
4,375
4,440
4,327
4,360
4,366
4,448
4,601
5,324

3,412
3,508
3,502
3,572
3,525
3,485
3,478
3,457
3,441
3,439
3,508
3,631

57,012
56,506
56,672
57,676
58,654
59,438
59,705
60,366
60,594
61,047
61,805
63,821

43,546
43,385
43,500
44,145
44,807
45 , 546
46,024
46,581
46,733
47,139
47,692
48,720

17,037
17,063
17,238
17,594
17,956
18,360
18,644
18,883
18,833
19,047
19,263
19,381

11,658
11,457
11,309
1 1 , 364
11,449
11,558
11,582
11,650
11,707
11,795
11,976
12,627

3,180
3,146
3,133
3,144
3,184
3,213
3,238
3,271
3,287
3,300
3,310
3,298

11,671
11,719
11,820
12,043
12,218
12,415
12,560
12,776
12,907
12,997
13,143
13,414

13,466
13,121
13,172
13,531
13,847
13,892
13,681
13,785
13,861
13,908
14,113
15,101

4,924
4,976
5,125
5,215
5,363
5,386
5,351
5,401
5,403
5,355
5,420
5,456

4,846
4,292
4,168
4,375
4,596
4,644
4,511
4,580
4,642
4,768
4,884
5,684

3,696
3,853
3,879
3,941
3,888
3,862
3,819
3,804
3,816
3,785
3,809
3,961

1963 Jan.
Feb
Mar.
Apr
May
June
July
Aug. .
Sept. . .
Oct
Nov.
Dec

63,289
62,916
63,093
64,165
65,181
66,041
66,648
67 , 580
67,960
68,728
69,513
71,739

48,677
48,644
48,920
49,704
50,441
51,283
51,999
52,756
53,102
53,758
54,303
55,486

19,422
19,518
19,769
20,211
20,623
21,061
21,456
21,718
21,672
21,947
22,121
22,254

12,528
12,338
12,264
12,347
12,465
12,609
12,694
12,887
13,042
13,234
13,456
14,177

3,265
3,234
3,226
3,244
3,290
3,326
3,358
3,405
3,424
3,448
3,452
3,437

13,462
13,554
13,661
13,902
14,063
14,287
14,491
14,746
14,964
15,129
15,274
15,618

14,612
14,272
14,173
14,461
14,740
14,758
14,649
14,824
14,858
14,970
15,210
16,253

5,430
5,477
5,535
5,558
5,668
5,702
5,696
5,810
5,891
5,897
5,984
6,101

5,147
4,580
4,423
4,666
4,885
4,894
4,830
4,903
4,873
5,002
5,097
5,903

4,035
4,215
4,215
4,237
4,187
4,162
4,123
4,111
4,094
4,071
4,129
4,249

1964 Jan
Feb.
Mar
Apr.
May
June
July
Aug.
Sept
Oct.
Nov.
Dec

71,187
70,923
71,312
72,282
73,523
74,575
75,200
75,977
76,549
77,131
77,713
80,268

55,460
55,493
55,896
56,600
57,499
58,460
59,177
59 , 877
60,399
60,911
61,270
62,692

22,280
22,396
22,629
23,008
23,492
23,978
24,321
24,571
24,634
24,784
24,749
24,934

14,096
13,926
13,990
14,071
14,251
14,457
14,608
14,778
14,964
15,212
15,455
16,333

3,409
3,390
3,378
3,383
3,426
3,455
3,490
3,536
3,561
3,583
3,587
3,577

15,675
15,781
15,899
16,138
16,330
16,570
16,758
16,992
17,240
17,332
17,479
17,848

15,727
15,430
15,416
15,682
16,024
16,115
16,023
16,100
16,150
16,220
16,443
17,576

6,072
6,140
6,221
6,327
6,477
6,517
6,507
6,607
6,677
6,661
6,761
6,874

5,328
4,836
4,693
4,852
5,100
5,196
5,168
5,141
5,146
5,272
5,312
6,195

4,327
4,454
4,502
4,503
4,447
4,402
4,348
4,352
4,327
4,287
4,370
4,507

79,764
79,402
79,703
81,286
82,551
83,755
84,510
85,357
85,871
86,512
87,389
89 , 883

62,609
62,629
63,022
64,137
65,095
66,168
66,985
67 , 888
68,360
68,821
69,452
70,893

24,957
25,102
25,407
25,934
26,405
26,952
27,457
27,851
27,884
28,085
28,253
28,437

16,209
15,967
15,867
16,029
16,206
16,400
16,524
16,715
17,001
17,237
17,545
18,483

3,550
3,517
3,512
3,528
3,567
3,608
3,645
3,690
3,711
3,730
3,743
3,736

17,893
18,043
18,236
18,646
18,917
19,208
19,359
19,632
19,764
19,769
19,911
20,237

17,155
16,773
16,681
17,149
17,456
17,587
17,525
17,469
17,511
17,691
17,937
18,990

6,943
7,017
7,128
7,239
7,351
7,485
7,488
7,533
7,565
7,599
7,629
7,671

5,571
4,925
4,678
5,019
5,246
5,314
5,306
5,238
5,223
5,373
5,553
6,430

4,641
4,831
4,875
4,891
4,859
4,788
4,731
4,698
4,723
4,719
4,755
4,889

19 62=- Jan.
Feb.
Mar
Apr
May
June
July
Aug
Scot.
Oct.
Nov
Dec.

. ..
. . .
.. .

. . .

. . .

. .

1965 Jan.
Feb.
Mar
Apr.
May
June
July
Aug.
Sent
Oct.
Nov.
Dec.
For note see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1085

CONSUMER CREDIT
16.1

TOTAL CONSUMER CREDIT OUTSTANDING, BY MAJOR TYPES, 1919-70Continued


[In millions of dollars]
Instalment

End of month

Total
Total

Automobile
paper

Noninstalment

Other
consumer
goods
paper

Home
improvement
loans1

Personal
loans

Total

Singlepayment
loans

Charge
accounts

Service
credit

89,139
88,539
88,897
89,871
90,625
91,575
92,061
92,786
92,910
93,185
93,864
96,239

70,562
70,362
70,704
71,279
71,874
72,751
73,370
74; 074
74,226
74,441
74,919
76,245

28,343
28,362
28,640
28,914
29,195
29,629
29,845
30,025
29,833
29,885
29,982
30,010

18,341
18,118
18,082
18,180
18,285
18,493
18,740
18,990
19,247
19,423
19,718
20,732

3,698
3,670
3,665
3,666
3,710
3,748
3,788
3,835
3,854
3,852
3,859
3,841

20,180
20,212
20,317
20,519
20,684
20,881
20,997
21,224
21,292
21,281
21,360
21,662

18,577
18,177
18,193
18,592
18,751
18,824
18,691
18,712
18,684
18,744
18,945
19,994

7,789
7,867
7,928
7,968
8,062
8,043
7,984
7,990
7,953
7,904
7,942
7,972

5,753
5,112
4,985
5,290
5,426
5,563
5,518
5,568
5,590
5,706
5,824
6,686

5,035
5,198
5,280
5,334
5,263
5,218
5,189
5,154
5,141
5,134
5,179
5,336

95,192
94,445
94,566
94,886
95,346
96,248
96,448
97,224
97,588
97,761
98,782
100,783

75,479
74,788
74,711
74,783
75,084
75,870
76,136
76,885
77,129
77,260
77,892
79,428

29,715
29,437
29,395
29,428
29,591
29 , 884
30,034
30,134
29,920
29,866
29 , 822
29,796

20,479
20,131
20,025
19,910
19,866
20,102
20,096
20,367
20,657
20,735
21,193
22,389

3,802
3,769
3,760
3,756
3,801
3,834
3,871
3,927
3,950
3,976
4,005
4,008

21,483
21,451
21,531
21,689
21,826
22,050
22,135
22,457
22,602
22,683
22,872
23,235

19,713
19,657
19,855
20,103
20,262
20,378
20,312
20,339
20,459
20,501
20,890
21,355

7,914
7,898
7,911
8,031
8,151
8,215
8,257
8,314
8,385
8,422
8,503
8,558

6,313
6,084
6,234
6,361
6,496
6,617
6,550
6,559
6,595
6,645
6,871
7,070

5,486
5,675
5,710
5,711
5,615
5,546
5,505
5,466
5,479
5,434
5,516
5,727

19 68=- Jan.
Feb
Mar
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dec.

99,606
99,560
99,963
101,070
101,963
103,138
103,908
104,940
105,715
106,848
108,000
110,770

78,781
78,700
78,949
79,761
80,665
81,754
82,572
83,527
83,970
84,859
85,751
87,745

29,613
29,683
29,925
30,285
30,747
31,275
31,759
32,197
32,184
32,561
32,776
32,948

22,047
21,810
21,727
21,932
22,057
22,293
22,344
22,407
22,596
22,864
23,298
.24,626

3,956
3,934
3,918
3,925
3,978
4,009
4,063
4,126
4,165
4,200
4,236
4,239

23,165
23,273
23,379
23,619
23,883
24,177
24,406
24,797
25,025
25,234
25,441
25,932

20 , 825
20,860
21,014
21,309
21,298
21 , 384
21,336
21,413
21,745
21,989
22,249
23,025

8,583
8,617
8,663
8,774
8,803
8,813
8,871
8,991
9,128
9,247
9,373
9,532

6,324
6,111
6,128
6,313
6,362
6,460
6,434
6,414
6,595
6,756
6,789
7,193

5,918
6, 132
6,223
6,222
6,133
6,111
6,031
6,008
6,022
5,986
6,087
6,300

1969 jan.
Feb
Mar
Apr.
May
June
July
Aug. . .
Sent
Oct.
Nov
Dec.

110,031
110,185
110,711
112,136
113,577
114,933
115,454
116,403
117,131
117,707
118,651
121,146

87,348
87,483
87,776
88,949
90,262
91,717
92,486
93,405
94,056
94,664
95,375
97,105

32,850
32,949
33,186
33,671
34,196
34,838
35,084
35,234
35,279
35,568
35,613
35,527 [

24,368
24,275
24,142
24,384
24,746
25,162
25,423
25,755
26,078
26,316
26,797
28,313

4,226
4,238
4,257
4,311
4,399
4,485
4,516
4,563
4,622
4,630
4,639
4,613

25,904
26,021
26,191
26,583
26,921
27,232
27,463
27,853
28,077
28,150
28,326
28,652

22,683
22,702
22,935
23,187
23,315
23,216
22,968
22,998
23,075
23,043
23,276
24,041

9,455
9,493
9,615
9,726
9,758
9,795
9,698
9,653
9,675
9,640
9,626
9,747

6,780
6,511
6,531
6,675
6,834
6,754
6,685
6,759
6,818
6,837
6,951
7,373

6,448
6,698
6,789
6,786
6,723
6,667
6,585
6,586
6,582
6,566
6,699
6,921

120,059
119,625
119,505
120,046
120,694
121,862
122,565
123,435
124,181
124,396
124,609
127,163

96,327
95,848
95,622
96,139
96,698
97,835
98,692
99,471
100,072
100,275
100,302
102,064

35,141
34,935
34,836
34,937
35,062
35,374
35,620
35,780
35,808
35,792
35,528
35,184

28,141
27,887
27,810
28,012
28,270
28,730
29,005
29,247
29,536
29,628
29,757
31,465

4,588
4,584
4,587
4,613
4,683
4,748
4,836
4,902
4,964
5,022
5,064
5,070

28,457
28,442
28,389
28,577
28,683
28,983
29,231
29 , 542
29,764
29,833
29,953
30,345

23,732
23,777
23,883
23,907
23,996
24 , 027
23,873
23,964
24,109
24,12t
24,307
25,099

9,705
9,655
9,597
9,615
9,635
9,682
9,654
9,650
9,635
9,586
9,575
9,675

6,924
6,766
6,826
6,861
7,010
7,080
7,069
7,185
7,337
7,423
7,518
7,968

7,103
7,356
7,460
7,431
7,351
7,265
7,150
7,129
7,137
7,U2
7,214
7,456

19 66 Jan
Feb
Mar.
Apr,
May
June
July
Aug.
Sect
Oct
Nov.
Dec

.....

1967Jan.
Feb.
Mar
Apr
May
June
July
Aug
Sept. .
Oct
Nov.
Dec.

1970 Jan.
Feb
Mar,
Apr.
May
June
July
Aug.
Sept
Oct.
Nov.
Dec
1

,,

. . ..

..

Holdings of financial institutions; holdings of retail outlets are included in "Other consumer goods paper."

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1086

CONSUMER CREDIT
16.2

INSTALMENT CREDIT OUTSTANDING, BY MAJOR HOLDERS, 1919-70


[In millions of dollars]
Financial institutions

End of period

Total
Total

Commercial
banks

Sales
finance

cos.

Credit
unions

Retai outlets

Consumer
finance
1

cos.

Other i

Total

Department
stores 2

Furniture
stores

Appliance
stores

Automobile
dealers 3

Other

1919
1920. .
1921
1922
1923..
1924

800
969
919
1,047
1,368
1,646

164
214
219
280
397
515

19
25
31
39
52
69

73
105
93
136
222
293

4
6
7
8
10
12

68
78
88
97
1 13
141

636
755
700
767
971
1,131

31
44
35
36
41
46

253
300
300
375
412
458

60
64
68
96
97
109

258
309
255
199
348
435

34
38
42
61
73
83

1925..
1926
1927
1928
1929

2,115
2,363
2,319
2,935
3,524

815
1,019
1,054
1,353
1,745

94
116
136
167
201

529
669
628
816
1,074

14
16
18
21
22

178

1,300
1,344
1,265
1,582
1,779

65
89
112
143
160

506
536
549
552
583

142
153
181
210
253

484
440
276
508
586

103
126
147
169
197

1930
1931
1932
1933
1934

3,022
2,463
1,672
1,723
1,999

1,563
1,319
958
1,001
1,203

204
173
137
127
169

880
684
418
507
630

22
21
19
20
24

A 57
A 41
3 84
; 47

- 80

1,459
1,144
714
722
796

155
138
103
118
146

539
454
313
299
314

216
172
107
108
121

352
191
44
65
57

197
189
147
132
158

1935
1936
1937
1938
1939 ,

2,817
3,747
4,118
3,686
4,503

1,860
2,580
2,804
2,414
3,065

415
655
706
742
1,079

974
1,353
1,415
969
1,197

36
57
81
101
132

A 35
c
15
(>02
i>02
(>57

957
1,167
,314
,272
,438

187
257
289
282
354

336
406
445
425
439

142
164
191
172
183

110
96
93
90
123

182
244
296
303
339

5,514
6,085
3,166
2,136
2,176

3,918
4,480
2,176
1,413
1,486

1,452
1,726
862
532
574

1,575
1,797
588
252
262

171
198
128
103
99

' 98
> 26
I 51

20
59

,596
,605
990
723
690

394
320
181
127
127

474
496
331
235
230

196
206
111
37
19

167
188
53
31
33

365
395
314
293
281

1945
. .
1946
1947
1948
1949 . . .

2,462
4,172
6,695
8,996
1 1 , 590

1,776
3,235
5,255
7,120
9,257

745
1,567
2,625
3,529
4,439

300
677
1,355
2,011
2,944

102
151
235
334
438

(>29
8 40
1,C>40
1,2.46
1,4136

686
937
1,440
1,876
2,333

131
209
379
470
596

240
319
474
604
740

17
38
79
127
178

28
47
101
159
236

270
324
407
516
583

1950
1951
1952
1953
1954

14,703
15,294
19,403
23,005
23,568

11,805
12,124
15,581
18,963
19,450

5,798
5,771
7,524
8,998
8,796

3,711
3,654
4,711
5,927
6-, 144

590
635
837
1,124
1,342

1,286
1,555
1,866
2,137
2,257

420
509
643
111
911

2,898
3,170
3,822
4,042
4,118

746
924
,107
,064
,242

827
810
943
1,004
984

267
243
301
377
377

287
290
389
527
463

771
903
,082
,070
,052

1955
1956
1957
1958
1959

28,906
31,720
33,868
33,642
39,247

24,398
26,859
28,915
28,261
33,131

10,601
11,777
12,843
12,780
15,227

8,447
8,999
9,324
8,446
9,880

1,678
2,014
2,429
2,668
3,280

2,623
2,940
3,124
3,085
3,337

,049
,129
,195
,282
,407

4,508
4,861
4,953
5,381
6,116

,511
,526
,678
2,280
2,732

1,044
1,187
1,210
1,128
1,225

365
377
361
292
310

487
502
478
506
481

,101
,269
1,226
,175
,368

1960
1961
1962
1963 4
1964

42,968
43,891
48 , 720
55,486
62,692

36,673
37,471
41,878
47,819
53,898

16,672
17,008
19,005
22,023
25,094

10,763
10,327
1 1 ,405
12,630
13,605

3,923
4,303
4,875
5,526
6,340

3,781
4,145
4,765
5,582
6,492

1,534
1,688
1,828
2,058
2,367

6,295
6,420
6,842
7,667
8,794

3,094
3,246
3,603
4,036
4,701

333
1,107
293
1,058
294
1,073
1,' 88
l,t 32

359
342
345
351
329

,402
,481
1,527
1,792
2,132

1940 Jan
Feb.
Mar
Apr..
May
June
July
Aug.
Sept. . . .
Oct
Nov
Dec

4,487
4,478
4,548
4,678
4,841
5,003
5,067
5,143
5,173
5,247
5,344
5,514

3,101
3,131
3,204
3,313
3,446
3,591
3,658
3,728
3,742
3,781
3,844
3,918

1,113
1,130
1,157
1,197
1,254
1,330
1,345
1,382
1,399
1,414
1,443
1,452

1,197
1,207
1,240
1,300
1,361
1,414
1,459
,483
,475
,497
,532
,575

132
133
140
144
150
156
160
164
166
167
168
171

1,386
1,347
1,344
1,365
1,395
1,412
,409
,415
,431
,466
,500
,596

335
325
326
333
338
339
332
332
339
350
363
394

425
417
412
418
428
429
428
431
437
446
454
474

176
172
170
173
178
183
186
188
190
194
195
196

124
126
130
138
146
153
158
159
158
160
163
167

326
307
306
303
305
308
305
305
307
316
325
365

1941 jan
Feb.
Mar.
Apr
May
June
July . . .
Aufi.
Sept
Oct.
Nov
Dec..

5,495
5,527
5,613
5,865
6,122
6,295
6,401
6,487
6,400
6,267
6,143
6,085

3,962
4,029
4,114
4,312
4,517
4,679
4,792
4,854
4,787
4,685
4,583
4,480

1,482
1,518
1,541
1,615
1,692
1,756
1,803
1,829
1,832
1,795
1,761
1,726

,592
,620
,671
,773
,884
,966
,019
,047
,984
,928
,867
,797

171
174
179
188
195
201
206
208
207
204
201
198

,533
,498
,499
,553
,605
,616
,609
,633
,613
,582
,560
,605

370
359
358
372
379
371
349
340
323
307
304
320

459
454
452
465
481
486
486
505
499
495
490
496

189
186
187
198
209
216
220
227
225
219
211
206

169
172
178
190
203
213
219
221
214
206
197
188

346
327
324
328
333
330
335
340
352
355
358
395

1940
1941
1942
1943
1944

. .

. . .

18
.72
' 49
4L48

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1087

(>59

e>6I
(i67
<)72
e>81
f)91
e594
ei99

02
03
01
'20

17
17
23
36
;46
56
64
HQ
'64
f58
754

rs9

CONSUMER CREDIT
16.2 INSTALMENT CREDIT OUTSTANDING, BY MAJOR HOLDERS, 1919-70Continued
[In millions of dollars]
Financial institutions
Total

End of month

Total
1942Jan
Feb
Mar, .
Apr,, . .

Commercial
banks

Sales
finance Credit
unions
cos.

Retail outlets
Consumer
Other1
finance
cos.1

Total

Department
stores2

Furniture
stores

Appliance
stores

Automobile
dealers 3

Other

5,796
5,527
5,336
5,111
4,841
4,550
4,265
3,991
3,749
3,511
3,309
3,166

4,272
4,071
3,908
3,715
3,509
3,307
3,105
2,893
2,700
2,500
2.332
2,176

1,650
1,581
1,534
,468
1,391
1,320
1,241
,164
1,085
1,003
928
862

,689
,573
,461
,347
,241
,130
,027
919
828
738
665
588

186
180
178
173
167
163
158
151
146
138
132
128

747
737
735
727
710
694
679
659
641
621
607
598

1,524
1,456
,428
,396
,332
,243
,160
1,098
,049
1,011
977
990

297
282
278
271
252
226
204
192
182
175
173
181

474
462
459
456
443
418
393
374
358
342
331
331

198
197
192
187
178
165
155
144
136
126
118
111

176
163
151
139
127
115
104
94
83
72
63
53

379
352
348
343
332
319
304
294
290

July...
Aug
Sept
Oct
Nov . .
Dec

2,920
2,713
' 2,566
2,454
2,341
..
2,275
2,184
2,125
2,107
2,085
2,081
2,136

2,012
,859
,755
,657
,577
,535
,483
,446
1,431
1,408
1,395
1,413

799
732
685
642
613
591
570
555
547
537
532
532

520
459
403
364
334
309
291
278
270
263
255
252

121
116
117
112
109
109
106
105
105
103
102
103

572
552
550
539
521
526
516
508
509
505
506
526

908
854
811
797
764
740
701
679
676
677
686
723

162
152
143
138
129
123
112
107
107
109
117
127

304
286
272
269
259
251
239
235
232
231
231
235

102
95
87
81
74
68
61
54
49
44
39
37

48
42
37
34
32
31
30
30
32
31
32
31

292
279
272
275
270
267
259
253
256
262
267
293

J944_jan
Feb
Mar
Apr
May
June. ...
July
Aug..
Sent . ,
Oct
Nov .
Dec

2,044
1,983
1,999
1,982
1,992
2,015
2,019
2,023
2,030
2,048
2,079
2,176

1,377
,352
,380
,371
,383
,413
,433
,439
,439
,438
,444
,486

523
510
518
518
525
541
549
553
553
556
559
574

242
237
236
236
241
249
261
266
265
265
265
262

100
98
102
99
99
100
99
99
99
97
97
99

512
507
524
518
518
523
524
521
522
520
523
551

667
631
619
611
609
602
586
584
591
610
635
690

115
107
105
103
100
97
91
92
94
102
II
127

215
204
199
197
200
199
195
194
196
204
214
230

31
28
25
24
22
21
19
18
18
19
19
19

30
30
29
30
31
33
35
36
36
35
34
33

276
262
261
257
256
252
246
244
247
250
257
281

1945 Jan
Feb
Mar
Apr
May .
June
July , .
4ug. , ,
Sept . .
Oct
Nov.
Dec

2,116
2,059
2,090
2,078
2,087
2,115
2,116
2,111
2,126
2,199
2,293
2,462

,468
,446
,478
,481
,500
,532
,550
,553
,566
,614
,679
,776

578
571
589
594
607
625
635
636
647
674
708
745

253
247
247
246
247
253
257
262
266
277
289
300

97
95
97
96
96
98
98
97
96
96
98
102

540
533
545
545
550
556
560
558
557
567
584
629

648
613
612
597
587
583
566
558
560
585
614
686

119
112
112
108
104
101
96
93
94
103
114
131

211
204
202
200
200
200
196
195
196
206
217
240

18
16
16
15
14
15
14
14
14
14
16
17

31
29
29
28
27
27
27
27
27
27
27
28

269
252
253
246
242
240
233
229
229
235
240
270

1946 Jan. . . .
Feb
Mar
Apr
May
June
,, , , .
July
Aug
Sept. ..........
Oct
Nov
Dec

2,483
2,529
2,631
2,787
2,928
3,055
3,177
3,339
3,476
3,655
3,853
4,172

,827
,884
,978
2,109
2,233
2,351
2,472
2,616
2,736
2,880
3,030
3,235

786
822
881
954
,029
,100
,170
,253
,318
,395
,472
,567

310
323
340
373
404
429
460
496
536
579
624
677

101
103
106
110
115
121
125
129
133
139
144
151

630
636
651
672
685
701
717
738
749
767
790
840

656
645
653
678
695
704
705
723
740
775
823
937

123
119
120
127
129
132
130
135
142
156
174
209

228
227
231
239
246
251
250
256
258
267
286
319

17
18
18
19
20
22
25
28
31
34
35
38

28
29
30
33
36
38
410
42
43
45
47

260
252
254
260
265
263
262
264
267
275
283
324

1947__jan,. . t
Feb
Mar
Apr. , , .
May . .
June
July
Aus. . . .
...
Sent . .
...
Oct.. . .
Nov
Dec.

4,291
4,408
4,613
4,854
5,083
5,297
5,456
5,617
5,766
5,978
6,265
6,695

3,379
3,504
3,685
3,882
4,077
4,260
4,413
4,554
4,663
4,817
5,007
5,255

,657
,725
,826
,928
2,037
2,140
2,216
2,288
2,351
2,428
2,514
2,625

714
762
823
890
952
,013
,065
,116
J62
,221
,288
1,355

154
158
165
172
181
191
200
206
211
216
223
235

854
859
871
892
907
916
932
944
939
952
982
1,040

912
904
928
972
,006
,037
,043
,063
,103
,161
,258
,440

207
208
221
237
249
255
254
259
270
288
325
379

306
302
306
317
327
337
338
344
355
375
410
474

37
40
40
44
45
52
56
59
63
67
73
79

51
55
61
66
71
77
81
84
8B
92
96
10!

31J
299
300
308
314
316
314
317
327
339
354
407

.,

May
June.
July
Aue
Sept
Oct
Nov
Dec

1943 Jan ...


Feb
Mar.
Apr
May,.,.

For notes sec end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1088

:is

CONSUMER CREDIT
16.2

INSTALMENT CREDIT OUTSTANDING, BY MAJOR HOLDERS, 1919-70Continued


[In millions of dollars]
Retail outlets

Financial institutions
End of month

Total
Total

1948

Commercial
banks

Sales
finance
cos.

Credit
unions

Consumer
1
financeOther
cos,'

Total

Department
stores2

Furniture
stores

Appliance
stores

Automobile
dealers3

Other

Jan
Feb
Mar
Apr
May
June
July
AUK . .
Sept
Oct
Nov
Dec

6,813
6,898
7,178
7,477
7,703
7,902
8,108
8,326
8,549
8,597
8,705
8,996

5,422
5,529
5,769
6,027
6,212
6,375
6,562
6,739
6,901
6,929
6,995
7,120

2,716
2,761
2,873
3,006
3,090
3,185
3,279
3,370
3,446
3,466
3,492
3,529

,420
,467
,562
,661
,733
,771
,833
,895
,954
,959
1,979
2,011

237
242
253
266
275
287
299
310
320
322
325
334

,049
,o 59
,o 81
,094
,1 14
,1 32
,1 51
,1 64
,1 81
,1 82
,1 99
,2 46

,391
,369
,409
,450
,491
,527
,546
,587
,648
,668
,710
,876

361
351
364
374
382
387
389
404
418
426
433
470

453
448
455
4*64
477
490
490
503
525
520
541
604

77
78
82
90
98
104
109
115
122
123
123
127

105
109
119
128
132
136
143
150
155
156
157
159

395
383
389
394
402
410
415
415
428
443
456
516

1949 Jan .
Feb
Mar
Apr
May
June
July
Aug
Sent .
Oct
Nov. . . .
Dec

8,892
8,855
8,974
9,205
9,509
9,786
9,996
10,290
10,561
10,847
11,135
11,590

7,109
7,088
7,229
7,437
7,709
7,959
8,171
8,435
8,644
8,849
9,043
9,257

3,536
3,507
3,556
3,639
3,761
3,875
3,956
4,066
4,160
4,268
4,347
4,439

2,001
2,014
2,090
2,192
2,319
2,423
2,521
2,648
2,738
2,822
2,897
2,944

331
331
339
348
360
374
385
399
411
418
428
438

,2 41
,2 36
,2 44
,2 58
,2 69
,2 87
,3 09
,3 22
,3 35
,3 41
,3 71
,4 36

,783
,767
,745
,768
,800
,827
,825
,855
1,917
1,998
2,092
2,333

437
464
449
451
454
454
446
453
475
499
531
596

569
553
544
549
560
569
569
579
596
625
658
740

121
117
117
118
124
131
139
145
152
159
164
178

157
157
165
175
187
195
204
214
221
228
234
236

499
476
470
475
475
478
467
464
473
487
505
583

1950 Jan
Feb. , .
Mar
Apr.
May
June.
July
AUB
Sept
Oct . .
Nov
Dec..
1951 jan
Feb
Mar
Apr
May
June .
July
Aug .
Scot
Oct. . . .
Nov
Dec

11,599
11,669
11,888
12,136
12,534
13,030
13,578
14,045
14,452
14,570
14,492
14,703

9,341
9,426
9,636
9,851
10,197
10,646
11,116
11,494
11,817
11,897
11,802
11,805

4,503
4,537
4,652
4,751
4,940
5,171
5,393
5,607
5,819
5,869
5,808
5,798

2,960
3,008
3,073
3,160
3,265
3,427
3,618
3,733
3,825
3,819
3,757
3,711

441
447
463
475
498
525
551
573
585
586
585
590

948
944
951
960
972
991
,006
,019
,192
,215
,230
,286

489
490
497
505
522
532
548
562
396
408
422
420

2,258
2,243
2,252
2,285
2,337
2,384
2,462
2,551
2,635
2,673
2,690
2,898

572
592
591
599
615
621
642
665
687
696
697
746

713
699
700
709
720
728
741
755
111
780
779
827

175
176
181
187
195
205
219
243
260
262
263
267

237
240
244
249
255
264
277
283
286
290
288
287

561
536
536
541
552
566
583
605
625
645
663
771

14,564
14,409
14,382
14,321
14,376
14,437
14,369
14,622
14,766
14,826
14,946
15,294

11,749
11,628
11,628
11,617
11,696
11,782
11,778
11,965
12,025
12,009
12,049
12,124

5,791
5,720
5,724
5,720
5,736
5,747
5,705
5,764
5,738
5,753
5,760
5,771

3,659
3,597
3,555
3,534
3,555
3,597
3,597
3,684
3,725
3,695
3,682
3,654

584
583
587
586
593
600
604
614
619
623
625
635

,296
,305
,330
,341
,361
,387
,412
,433
,463
,452
,480
,555

419
423
432
436
451
451
460
470
480
486
502
509

2,815
2,781
2,754
2,704
2,680
2,655
2,591
2,657
2,741
2,817
2,897
3,170

717
739
737
717
703
685
660
721
785
816
854
924

787
768
750
734
723
712
692
694
701
717
729
810

262
257
249
243
236
231
227
228
233
236
237
243

282
277
275
275
278
283
284
292
297
294
293
290

767
740
743
735
740
744
728
722
725
754
784
903

1952Jan
Feb
Mar
Apr
May. . ,
June
July
Aug
Scot ....
Oct
Nov
Dec

15,121
1 5,030
15,032
15,234
15,834
16,588
17,044
17,329
17,669
18,216
18,579
19,403

12,064
12,048
12,083
12,271
12,776
13,438
13,853
14,089
14,353
14,765
15,097
15,581

5,769
5,769
5,807
5,898
6,143
6,458
6,648
6,793
6,945
7,158
7,310
7,524

3,591
3,552
3,516
3,551
3,731
3,985
4,143
4,180
4,253
4,409
4,548
4,711

634
640
651
667
696
729
752
774
791
808
818
837

,563
,571
,589
,624
,652
-,698
,731
,751
,761
,776
,788
1,866

507
516
520
531
554
568
579
591
603
614
633
643

3,057
2,982
2,949
2,963
3,058
3,150
3,191
3,240
3,316
3,451
3,482
3,822

880
867
873
878
906
931
936
955
994
1,046
1,024
1,107

776
756
742
743
769
793
808
824
838
863
880
943

237
228
222
220
225
241
253
259
270
277
282
301

285
282
279
283
301
324
337
341
347
362
375
389

879
849
833
839
857
861
857
861
867
903
921
1,082

1953

19,586
19,720
20,150
20,551
21,016
21,467
21,887
22,146
22,317
22,503
22,654
23,005

15,859
16,095
16,569
16,996
17,422
17,832
18,252
18,497
18,655
18,790
18,878
18,963

7,665
7,797
8,059
8,286
8,491
8,675
8,843
8,931
8,969
9,009
9,006
8,998

4,804
4,897
5,028
5,156
5,312
5,456
5,631
5,739
5,811
5,885
5.929
5,927

846
861
896
927
955
994
1,025
1,051
1,077
1,093
1,107
1,124

1,895
1,888
1,916
1,942
1,957
1,992
2,029
2,042
2,051
2,052
2,070
2,137

649
652
670
685
707
715
724
734
747
751
766
777

3,727
3,625
3,581
3,555
3,594
3,635
3,635
3,649
3,662
3,713
3,776
4,042

1,074
1,013
970
921
929
934
920
928
940
954
980
1,064

911
905
898
898
905
912
918
923
925
932
952
1,004

295
296
299
310
320
333
340
348
353
357
366
377

400
411
428
444
463
478
496
510
514
524
528
527

1,047
1,000
986
982
977
978
961
940
930
946
950
1,070

Jan
Feb
Mar
Apr
May
June
July
AUK ....
Scot , ,
Oct
Nov
Dec

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1089

CONSUMER CREDIT
16.2

INSTALMENT CREDIT OUTSTANDING, BY MAJOR HOLDERS, 1919-70Continued


[In millions of dollars]
Financial institutions

End of month

Total

Total

Commercial
banks

Sales
finance
cos.

Credit
unions

Retail outlets

Consumer
finance

cos.1

1954 Jan.
Feb.
Mar
Apr.
May
June
July
AUK.
Sept
Oct
Nov
Dec.

22,638
22,365
22,160
22,207
22,268
22,501
22,658
22 , 740
22,803
22,881
22,983
23,568

18,758
18,518
18,420
18,483
18,566
18,784
18,951
19,045
19,106
19,140
19,173
19,450

8,914
8,755
8,714
8,722
8,729
8,783
8,789
8,784
8,767
8,759
8,728
8,796

5,839
5,750
5,664
5,666
5,697
5,799
5,918
5,977
6,010
6,030
6,043
6,144

,108
,122
,147
,173
,196
,233
,258
,284
,305
,312
,326
,342

2,125
2,113
2,111
2,126
2,126
2,144
2,158
2,157
2,169
2,171
2,184
2,257

1955 Jan
Feb
Mar.
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

23,512
23,604
24,046
24,591
25,204
. . 25,969
. . . . . . 26,501
27,138
27,628
27,881
28,170
28,906

19,510
19,706
20,164
20,682
21,268
22,001
22,528
23,134
23,601
23,823
24,027
24,398

8,829
8,883
9,057
9,248
9,472
9,773
9,935
10,151
10,328
10,412
10,489
10,601

6,180
6,274
6,480
6,716
6,995
7,317
7,631
7,943
8,169
8,271
8,325
8,447

,331
,351
,388
,423
,462
,507
,535
,576
,617
,638
,651
,678

1956 Jan.
Feb
Mar
Apr.
May
June
July
AUK
Scot . .
Oct
Nov
Dec

. . . . 28,787
28,825
29,019
. . . 29,332
29,676
30,062
30 , 304
30,671
30,760
30,897
31,145
31,720

24,394
24,517
24,779
25,099
25,400
25,877
26,117
26,396
26,476
26,565
26,670
26,859

10,615
10,659
10,782
10,985
11,139
11,414
11,508
11,591
11,604
11,674
11,715
11,777

8,440
8,465
8,531
8,581
8,647
8,772
8,856
8,960
8,997
8,983
8,977
8,999

1957Jan
Feb
Mar
Apr
May
June
July
Aug. .
Sept
Oct.
Nov
Dec

31,467
31,371
31,395
31,640
32,013
32,439
32,792
. . . 33,102
32,203
33,285
33,356
33,868

26,705
26,738
26,851
27,215
27,526
27,914
28,314
28,594
28,704
28,810
28,797
28,915

11,712
11,741
11,820
12,069
12,234
12,421
12,608
12,711
12,764
12,860
12,838
12,843

1958 Jan
Feb,
Mar
Apr.
May
June
July
Aug
Sept
Oct
Nov.
Dec
1959 jan
Feb
Mar. .
Apr
May
June
July
Aug.
Sept.
Oct
Nov.
Dec

33,484
33,046
32,716
32,671
32,694
32,794
32,864
32,951
32,858
32,838
32,913
33,642

28,659
28,329
28,038
28,105
28,092
28,172
28,280
28,350
28,047
27,960
27,938
28,261

33,590
33,596
33,812
34,335
34,930
35,705
36,336
37,099
37,621
38,101
38,451
39,247

28,353
28,438
28,711
29,216
29,750
30,459
31,080
31,765
32,223
32,599
32,816
33,131

Total

Department
stores 2

Furniture
stores

Appliance
stores

Automobile
dealers 3

Other

772
778
784
796
818
825
828
843
855
868
892
911

3,880
3,847
3,740
3,724
3,702
3,717
3,707
3,695
3,697
3,741
3,810
4,118

,019
,089
,056
,059
,055
,066
,063
,066
,075
,098
,134
,242

968
943
921
913
911
910
906
910
910
919
936
984

368
363
357
354
351
353
357
356
359
363
365
377

514
501
489
485
482
486
488
485
480
473
465
463

1,011
951
917
913
903
902
893
878
873
888
910
1,052

2,254
2,265
2,291
2,332
2,352
2,398
2,423
2,449
2,464
2,482
2,523
2,623

916
933
948
963
987
,006
,004
,015
,023
,020
,039
,049

4,002
3,898
3,882
3,909
3,936
3,968
3,972
4,003
4,028
4,058
4,143
4,508

,209
,179
,195
,211
,224
,235
,231
,244
,270
,283
,332
,511

954
935
924
917
925
932
938
956
961
973
995
1,044

373
366
356
353
351
352
353
355
352
349
352
365

456
454
461
468
478
491
499
508
510
504
494
487

1,010
964
946
960
958
958
951
940
935
949
970
1,101

,666
,692
,722
,756
,792
,832
,860
,908
,933
,962
,986
2,014

2,632
2,657
2,687
2,715
2,740
2,774
2,811
2,843
2,839
2,847
2,863
2,940

,041
,044
,057
,062
,082
,085
,082
,094
,103
,099
,129
,129

4,394
4,308
4,239
4,233
4,276
4,184
4,187
4,274
4,285
4,331
4,475
4,861

,471
,435
,377
,380
,389
,248
,241
,287
,270
,270
,343
,526

,028
,025
,021
,024
,033
,047
,055
,075
,085
,106
,136
,187

356
349
343
339
342
346
352
359
364
365
371
377

486
487
490
493
497
502
306
310
510
S07
504
502

1,053
,012
,008
997
,015
,041
,033
,043
,056
,083
,121
,269

8,936
8,899
8,890
8,922
8,992
9,112
9,236
9,325
9,358
9,346
9,323
9,324

2,009
2,034
2,069
2,116
2,155
2,212
2,265
2,321
2,352
2,387
2,402
2,429

2,926
2,929
2,927
2,962
2,972
2,996
3,040
3,057
3,049
3,040
3,049
3,124

,122
,135
,145
,146
,173
,173
,165
,180
,181
,177
1,185
1,195

4,762
4,633
4,544
4,425
4,487
4,525
4,478
4,508
4,499
4,475
4,559
4,953

,547
,508
,484
,382
,438
,463
,414
,433
,438
,407
,473
,678

,144
,125
,106
,095
,102
,107
,107
,123
,122
,131
,148
,210

363
360
354
350
350
353
354
' 352
354
355
354
361

495
491
488
488
489
493
495
496
494
489
484
478

,213
,149
,112
,110
,108
,109
,108
,104
,091
,093
,100
,226

12,749
12,562
12,456
12,579
12,612
12,676
12,776
12,834
12,633
12,645
12,660
12,780

9,207
9,081
8,920
8,821
8,754
8,736
8,712
8,675
8,563
8,452
8,378
8,446

2,401
2,403
2,410
2,452
2,477
2,509
2,544
2,578
2,591
2,615
2,630
2,668

3,106
3,086
3,061
3,059
3,039
3,037
3,038
3,033
3,012
2,999
2,999
3,085

1,196
1,197
1,191
1,194
1,210
1,214
1,210
,230
,248
,249
,271
,282

4,825
4,717
4,678
4,566
4,602
4,622
4,584
4,601
4,811
4,878
4,975
5,381

,671
,689
,749
,675
,713
,748
,725
,740
,963
2,011
2,077
2,280

,163
,125
,082
,064
,058
,052
,045
,054
,047
,056
,070
,128

349
340
331
320
314
307
301
297
295
291
290
292

479
479
477
479
482
487
493
497
496
495
493
506

,163
,084
,039
,028
,035
1,028
1,020
1,013
1,010
1,025
1,040
1,175

12,931
12,981
13,150
13,462
13,758
14,098
14,390
14,688
14,886
15,063
15,131
15,227

8,437
8,446
8,502
8,631
8,793
9,052
9,292
9,513
9,677
9,804
9,849
9,880

2,651
2,678
2,723
2,781
2,833
2,917
2,972
3,069
3,130
3,183
3,230
3,280

3,074
3,064
3,057
3,056
3,054
3,073
3,100
3,140
3,157
3,175
3,215
3,337

,260
,269
,279
,286
,312
,319
,326
,355
,373
,374
,391
,407

5,237
5,158
5,101
5,119
5,180
5,246
5,256
5,334
5,398
5,502
5,635
6,116

2,203
2,186
2,162
2,175
2,205
2,242
2,236
2,277
2,322
2,385
2,472
2,732

,100
,088
,059
,061
,067
,079
,087
,108
,118
,135
,158
,225

290
286
286
286
288
290
291
298
299
298
303
310

500
494
490
492
494
501
505
508
506
503
494
481

,144
,104
,104
,105
,126
,134
1,137
1,143
1,153
1,181
1,208
1,368

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Other i

1090

CONSUMER CREDIT
16.2 INSTALMENT CREDIT OUTSTANDING, BY MAJOR HOLDERS, 1919-70^Continued
[In millions of dollars]
Financial institutions

End of month

Total

Total

Commercial
banks

finance

Sales

cos.

Credit
unions

Retail outlets

Consumer
finance
1

cos.

Other i

Total

Department
stores 2

Furniture
stores

Appliance
stores

Automobile
dealers 3

Other

I960-jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct.
Nov.. .',
Dec

39,135
39,182
39,411
40,011
40,473
41,105
41 ,469
41,873
42,089
42,182
42,338
42,968

33,285
33,504
33,718
34,277
34,743
35,341
35,747
36,160
36,357
36,403
36,491
36,673

15,389
15,478
15,507
15,801
16,024
16,282
16,401
16,546
16,623
16,627
16,653
16,672

9,888
9,964
10,062
10,201
10,330
10,548
10,650
10,757
10,794
10,778
10,764
10,763

3,274
3,310
3,385
3,476
3,546
3,636
3,691
3,767
3,810
3,850
3,885
3,923

3,341
3,350
3,354
3,388
3,405
3,445
3,543
3,605
3,634
3,640
3,668
3,781

1,393
1,402
1,410
,411
,438
,430
,462
,485
,496
,508
,521
,534

5,850
5,678
5,693
5,734
5,730
5,764
5,722
5,713
5,732
5,779
5,847
6,295

2,583
2,517
2,606
2,647
2,662
2,687
2,671
2,675
2,718
2,776
2,840
3,094

1,182
1,154
1,124
,108
,092
,093
,079
,080
,070
,065
,068
,107

307
306
305
304
307
311
313
317
322
324
325
333

470
462
457
455
449
442
430
418
402
386
375
359

,308
,239
,201
,220
,220
,231
,229
223
,220
,228
,239
,402

1961 Jan
Feb.
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov.
Dec..

42,503
42,054
41,867
41,841
42,022
42,348
42,421
42,664
42,654
42,799
43,061
43,891

37,367
37,015
36,790
36,701
36,767
36,977
37,008
37,156
37,021
37,081
37,168
37,471

17,539
17,285
17,148
17,072
17,079
17,113
17,094
17,121
16,993
16,988
16,974
17,008

10,634
10,527
10,396
10,325
10,290
10,341
10,331
10,315
10,259
10,247
10,256
10,327

3,876
3,879
3,908
3,948
4,001
4,083
4,117
4,177
4,198
4,232
4,273
4,303

3,774
3,768
3,768
3,789
3,808
3,842
3,872
3,918
3,927
3,968
4,000
4,145

,544
,556
,570
,567
,589
,598
,594
,625
,644
,646
,665
,688

5,136
5,039
5,077
5,140
5,255
5,371
5,413
5,508
5,633
5,718
5,893
6,420

2,064
2,090
2,176
2,284
2,395
2,496
2,550
2,632
2,752
2,821
2,936
3,246

1,069
1,040
1,011
995
989
991
981
987
994
997
1,015
1,058

323
313
305
297
296
296
295
295
294
291
288
293

356
352
352
351
352
354
352
350
343
341
342
342

,324
,244
,233
,213
,223
,234
,235
,244
,250
,268
,312
,481

43,546
43,385
43,500
44,145
'.'. '. 44,807
45 , 546
46,024
46,581
46,733
47,139
47,692
48,720

37,303
37,350
37,561
38,132
38,763
39,448
39,956
40,504
40,636
40,991
41,422
41,878

16,964
16,967
17,062
17,366
17,686
18,024
18,251
18,460
18,491
18,680
18,847
19,005

10,267
10,281
10,307
10,425
10,582
10,764
10,917
11,071
11,093
11,189
11,316
11,405

4,252
4,252
4,290
4,377
4,463
4,554
4,615
4,706
4,735
4,788
4,835
4,875

4,146
4,169
4,199
4,254
4,285
4,349
4,406
4,471
4,514
4,540
4,603
4,765

,674
,681
,703
1,710
1,747
1,757
1,767
1,796
1,803
1,794
1,821
1,828

6,243
6,035
5,939
6,013
6,044
6,098
6,068
6,077
6,097
6,148
6,270
6,842

3,206
3,096
3,059
3,101
3,120
3,149
3,136
3,157
3,189
3,223
3,309
3,603

1,036
1,018
998
991
997
990
989
999
998
1,002
1,019
1,073

288
285
281
280
280
283
283
285
284
285
287
294

310
298
314
350
342
356
358
338
333
338
319
345

,403
,338
,287
,291
,305
,320
,302
,298
,293
,300
,336
,527

48,677
48,644
48,920
49,704
May '.'.'.'.'.'.'.'.'.'. 50,441
51,283
June
July
51,999
52,756
Aug
53,102
Sept
53,758
Oct
54,303
Nov.
55,486
Dec
1964 jan.
55,460
55,493
Feb
55,896
Mar.
56,600
Apr
57,499
May
58,460
June
59,177
July
59,877
Aug
60,399
Sept.
60,911
Oct.
Nov
61,270
62,692
Dec. . .

42,007
42,178
42,494
43,226
43,921
44 , 699
45,383
46,042
46,327
46,865
47,246
47,819

19,129
19,256
19,450
19,882
20,229
20,602
20,948
21,245
21,365
21,645
21,807
22,023

11,431
11,426
11,460
11,593
11,764
11,964
12,151
12,303
12,325
12,432
12,522
12,630

4,833
4,840
4,887
4,987
5,085
5,193
5,264
5,340
5,381
5,445
5,479
5,526

4,789
4,817
4,840
4,901
4,942
5,023
5,088
5,172
5,259
5,334
5,400
5,582

,825
,839
,857
,863
,901
,917
,932
,982
1,997
2,009
2,038
2,058

6,670
6,466
6,426
6,478
6,520
6,584
6,616
6,714
6,775
6,893
7,057
7,667

3,509
3,396
3,346
3,370
3,383
3,412
3,405
3,453
3,513
3,564
3,675
4,036

,3 53
,331
,320
,3 13
,3 23
,3 31
,3 43
,358
,3 69
,3 98
,4 22
,4 88

310
291
321
332
328
342
357
357
338
344
348
351

,498
,448
,439
,463
,486
,499
,511
,546
,555
,587
,612
,792

47,905
48,200
48,550
49,224
50,029
50,898
51,582
52,201
52,628
52,995
53,187
53,898

22,106
22,303
22,507
22,894
23,316
23,770
24,112
24,391
24,586
24,780
24,837
25,094

12,620
12,640
12,681
12,780
12,955
13,151
13,305
13,422
13,464
13,521
13,493
13,605

5,488
5,509
5,568
5,672
5,782
5,903
5,995
6,086
6,163
6,210
6,255
6,340

5,608
5,636
5,662
5,724
5,782
5,861
5,945
6,032
6,118
6,175
6,262
6,492

2,083
2,112
2,132
2,154
2,194
2,213
2,225
2,270
2,297
2,309
2,340
2,367

7,555
7,293
7,346
7,376
7,470
7,562
7,595
7,676
7,771
7,916
8,083
8,794

3,992
3,801
3,861
3,878
3,925
3,968
3,973
4,029
4,101
4,182
4,297
4,701

,4 72
,4 60
,4 57
,4 59
,4 68
,4 B8
,5 [)2
,5 13
,5 20
,5 41
1,5 59
1,6 32

347
344
343
345
347
349
348
346
342
338
331
329

,744
,688
,685
,694
,730
,757
,772
,788
,808
,855
,896
2,132

1962 Jan.
Feb
Mar
May
June
July
Aug
Sept
Oct.
Nov
Dec

1963 Jan
Feb
Mar.

For notes see following page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1091

16.2

INSTALMENT CREDIT OUTSTANDING, BY MAJOR HOLDERS, 1919-70Continued


[In millions of dollars]
Financial institutions
Total

End of period

Total

Commercial
banks

Finance
companies 6

Retail outlets

Credit
unions

Miscellaneous
lenders 5

Total

Automobile
dealers, <5

Other

61,102
65,430
67,944
75,727
83,989
88,164

28,962
31,319
33,152
37,936
42,421
45 , 398

23,851
24,796
24,576
26,074
27,846
27,678

7,324
8,255
9,003
10,300
12,028
12,986

965
1,060
1,213
1,417
1,694
2,102

9,791
10,815
11,484
12,018
13,116
13,900

315
277
287
281
250
218

9,476
10,538
11,197
11,737
12,866
13,682

62,609
62,629
63,022
64,137
65,095
66,168
66,985
67,888
68,360
68,821
69,452
70,893

53,988
54,257
54,780
55,818
56,712
57,723
58,508
59,353
59,707 60,017
60,418
61,102

25,191
25,319
25,610
26,200
26,670
27,214
27,674
28,044
28,246
28,487
28,685
28,962

21,663
21,774
21,890
22,179
22,441
22,747
22,995
23,323
23,408
23,429
23,516
23,851

6,293
6,334
6,438
6,603
6,727
6,890
6,969
7,072
7,135
7,179
7,249
7,324

841
830
842
836
874
872
870
914
918
922
968
965

8,621
8,372
8,242
8,319
8,383
8,445
8,477
8,535
8,653
8,804
9,034
9,791

326
3:!5
326
330
352
355
355
333
328
324
320
315

8,295
8,047
7,916
7,989
8,051
8,110
8,142
8,202
8,325
8,480
8,714
9,476

70,562
70,362
70,704
71,279
71,874
72,751
73,370
74,074
74,226
74,441
74,919
76,245

60,937
60,962
61,362
61,917
62,486
63,289
63,853
64,469
64,512
64,650
64,908
65,430

28,951
29,023
29,348
29,742
30,072
30,526
30,855
31,137
31,125
31,170
31,211
31,319

23,761
23,673
23,642
23,709
23,784
23,977
24,142
24,300
24,288
24,340
24,429
24,796

7,243
7,277
7,387
7,499
7,617
7,779
7,846
7,986
8,059
8,111
8,190
8,255

982
989
985
967
1,013
1,007
1,010
1,046
,040
,029
,078
,060

9,625
9,400
9,342
9,362
9,388
9,462
9,517
9,605
9,714
9,791
10,011
10,815

315
315
318
32'D
319
320
317
313 \
304
296
28'f
277

9,310
9,085
9,024
9,042
9,069
9,142
9,200
9,292
9,410
9,495
9,724
10,538

75,479
74,788
74,711
74,783
75,084
75,870
76,136
76,885
77,129
77,260
77,892
79,428

64,930
64,578
64,560
64,745
65,083
65,684
66,098
66,738
66,857
67,058
67 , 380
67,944

31,144
31,017
31,062
31,231
31,427
31,756
32,080
32,446
32,611
32,763
32,925
33,152

24,572
24,350
24,212
24,162
24,110
24 ( 212
24,275
24,361
24,274
24,261
24,299
24,576

8,158
8,150
8,223
8,312
8,428
8,600
8,644
8,783
8,830
8,868
8,938
9,003

,056
,061
,063
,040
,118
,116
,099
,148
,142
,166
,218
,213

10,549
10,210
10,151
10,038
10,001
10,186
10,038
10,147
10,272
10,202
10,512
11,484

26)
265
258
248
260
284
300
291
299
305
287
287

10,288
9,947
9,893
9,790
9,741
9,902
9,738
9,856
9,973
9,897
10,225
11,197

1968 Jan. ,
Feb
Mar
Apr.
May
June
July
Aug
Sept.
Oct
Nov.
Dee. .

78,781
78,700
78,949
79,761
80,665
81,754
82,572
83,527
83,970
84,859
85,751
87 , 745

67,684
67,851
68,219
68,959
69,903
70,924
71,878
72,990
73,394
74,186
74,721
75,727

33,211
33,371
33,646
34,167
34,728
35,278
35,845
36,465
36,760
37,268
37,485
37,936

24,328
24,273
24,283
24,386
24,503
24,816
25,070
25,330
25,322
25,480
25,642
26,074

8,917
8,952
9,036
9,182
9,351
9,543
9,660
9,828
9,940
10,068
10,168
10,300

,228
,255
,254
,224
,321
,287
,303
,367
,372
,370
,426
,417

11,097
10,849
10,730
10,802
10,762
10,830
10,694
10,537
10,576
10,673
11,030
12,018

270
264
276
274
272
290
273
278
270
298
298
281

10,827
10,585
10,454
10,528
10,490
10,540
10,421
10,259
10,306
10,375
10,732
11,737

1969 Jan. ..
Feb
Mar.
Apr. .
May
June
July
Aug.
Sept
Oct
Nov.
Dec

87,348
87,483
87,776
88,949
90,262
91,717
92,486
93,405
94,056
94,664
95,375
97,105

75,694
75,991
76,494
77,654
78,847
80,181
80,963
81,803
82,362
82,905
83,292
83,989

38,072
38,236
38,551
39,286
39,906
40,613
41,013
41,358
41,684
41 ,962
42,064
42,421

25,953
25,959
25,971
26,159
26,408
,26,769
:
27,021
27,246
27 , 304
27,441
27,575
27,846

10,264
10,345
10,511
10,753
10,975
11,238
11,382
11,579
11,723
11,841
11,919
12,028

,40S
,451
,461
,456
,558
,561
,547
,620
,651
,661
,734
,694

11,654
11,492
11,282
1 1 , 295
11,415
11,536
11,523
11,602
11,694
11,759
12,083
13,116

261
284
276
259
248
283
274
264
245
264
265
250

11,393
11,208
11,006
11,036
11,167
11,253
11,249
11,338
11,449
11,495
11,818
12,866

96,327
95,848
95,622
96,139
96,698
97,835
98,692
99,471
100,072
100,275
100,302
102,064

83,583
83,452
83,377
83,918
84,493
85,524
86,405
87,105
87,589
87,750
87,630
88,164

42,364
42,282
42,319
42,696
43,056
43,633
44,561
44,908
45,156
45,232
45,070
45,398

27,612
27,508
27,330
27,361
27,348
27,543
27,297
27,459
27,547
27,587
27,535
27 , 678

11,898
11,886
11,961
12,090
12,234
12,484
12,603
12,764
12,888
12,908
12,924
12,986

,709
,776
1,767
1,771
1,855
1,864
1,944
,974
1,998
2,023
2,101
2,102

12,744
12,396
12,245
12,221
12,205
12,311
12,287
12,366
12,483
12,525
12,672
13,900

233
257
255
239
227
244
247
241
222
231
227
218

12,511
12,139
11,990
11,982
11,978
12,067
12,040
12,125
12,261
12,294
12,445
13,682

1965
1966.
1967
1968
1969 .
1970

. .

..

....

J965 Jan....
Feb
Mar.
Apr.
May . . . .
June
July
Aug.
Sept
Oct
Nov.
Dec. . . .
1966 Jan
Feb.
Mar. .
Apr
May
June ,
July .
Aug.
Sept
Oct.
Nov. .
Dec

...

. .

....

...

1967Jan. . .
Feb
Mar.
Apr
May
June
July
Aug
Sept..
Oct
Nov.
Dec. . .

1970 Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec. . . .

....

,.

. .

...

70,893
76,245
79,428
87,745
97,105
102,064

1
Consumer finance companies are included
with "other" financial
2
institutions
until 1950.
Includes mail-order houses.
3
Automobile paper only: other instalment credit held by automobile
dealers is included with "other" retail outlets.
* Change in classification of reporters of the data beginning in 1965 has
made it impossible to show all annual data together. Data for 1965-70

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

on5the new basis appear on the last page of this table.


Finance companies consist of those institutions formerly classified
as sales finance, consumer finance, and other finance companies. Miscellaneous lenders include savings
and loan associations and mutual
6
savings banks.
Automobile paper only; other instalment
credit held by automobile dealers is included with "other" retail outlets.

1092

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERS


A. COMMERCIAL BANKS, 1919-70
[In millions of dollars]

End of
period

Automobile paper
Total
Total

Purchased

Direct

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

12
14
16
20
27
34

1919
1920
1921
1922
1923
1924

19
25
31
39
52
69

2
4
6
8
10
14

1
2
3
4
6

2
3
4
5
6
8

1
3
5

5
7
9
10
12
16

1925
1926
1927
1928
1929

94
116
136
167
201

19
24
29
35
40

9
10
11
14
16

10
14
18
21
24

8
10
10
12
13

22
24
26
28
27

45
58
71
92
121

1930
1931
1932
1933
1934

204
173
137
127
169

42
39
31
38
52

17
16
13
20
32

25
23
18
18
20

13
12
10
11
16

25
22
18
15
27

124
100
78
63
74

1935
1936
1937
1938
1939

415
655
706
742
1,079

78
155
227
239
415

55
113
163
149
237

23
42
64
90
178

30
77
112
125
166

183
241
112
104
135

124
182
255
274
363

1940
1941
1942
1943
1944

1,452
1,726
862
532
574

615
785
283
144
160

339
447
149
58
59

276
338
134
86
101

232
309
153
76
87

165
161
124
77
75

440
471
302
235
252

745
1,567
2,625
3,529
4,439

209
480
891
1,328
1,795

66
169
352
575
849

143
311
539
753
946

114
299
550
794
1,016

110
242
437
568
715

312
546
747
839
913

1950
1951
1952
1953
1954

5,798
5,771
7,524
8,998
8,796

2,471
2,446
3,262
4,082
3,937

1,177
1,135
1,633
2,215
2,269

1,294
1,311
1,629
1,867
1,668

1,456
1,315
1,751
2,078
1,880

834
888
1,137
1,317
1,303

,037
,122
,374
,521
,676

1955
1956
1957
1958
1959

10,601
11,777
12,843
12,780
15,227

5,305
5,726
6,355
6,184
7,352

3,243
3,651
4,130
4,014
4,827

2,062
2,075
2,225
2,170
2,525

2,042
2,464
2,557
2,269
2,640

1,338
1,469
1,580
1,715
2,039

1,916
2,118
2,351
2,612
3,196

1960
1961
1962
1963
1964

16,672 8,136
17,008 8,251
19,005 9,635
22,023 11,483
25,094 13,425

5,316
5,391
6,184
7,381
8,691

2,820
2,860
3,451
4,102
4,734

2,759
2,761
2,824
3,213
3,670

2,200
2,198
2,261
2,377
2,457

3,577
3,798
4,285
4,950
5,542

1965
1966 l
1967

28,962 15,868 10,209


31,319 16,980 11,024
33,152 17,204 10,972

5,659
5,956
6,232

4,166
4,681
5,469

2,571
2,647
2,731

6,357
7,011
7,748

1945
1946
1947
1948
1949

. .

1940 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

,113
,130
,157
,197
,254
,330
,345
,382
,399
,414
1,443
1,452

432
446
461
482
515
550
560
574
584
595
607
615

246
253
260
274
294
316
319
325
328
332
337
339

186
193
201
208
221
234
241
249
256
263
270
276

175
171
177
188
197
222
220
233
232
227
237
232

134
133
131
135
139
144
147
152
156
160
163
165

372
380
388
392
403
414
418
423
427
432
436
440

1941 Jan,
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

1,482
1,518
1,541
1,615
1,692
1,756
1,803
1,829
1,832
1,795
1,761
1,726

634
646
662
709
756
796
820
840
846
826
802
785

349
354
362
389
416
440
458
473
480
470
457
447

285
292
300
320
340
356
362
367
366
356
345
338

231
244
244
261
281
300
319
322
325
316
320
309

164
164
161
163
165
168
168
170
172
171
165
161

453
464
474
482
490
492
496
497
489
482
474
471

1
Change in amount of detail reported beginning in 1968 make it impossible to show all annual data together. Data for 1968-70 on the new
basis appear on the last page of this table.
1093

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

End of
month

Automobile paper

Total

Purchased

Direct

Other
consumer
goods
paper

Total

Home
improvement
loans

Personal
loans

1942 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

,650
,581
,534
,468
,391
,320
,241
,164
,085
,003
928
862

734
687
658
618
577
538
495
460
415
369
326
283

417
389
374
349
324
302
274
259
230
202
176
149

317
298
284
269
253
236
221
201
185
167
150
134

302
295
286
275
259
243
225
207
190
175
163
153

156
151
146
142
138
134
129
125
125
124
124
124

458
448
444
433
417
405
392
372
355
335
315
302

1943 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

799
732
685
642
613
591
570
555
547
537
532
532

248
221
198
182
171
161
152
150
149
148
146
144

128
110
95
84
77
71
66
64
63
62
60
58

120
111
103
98
94
90
86
86
86
86
86
86

145
129
116
106
100
92
87
81
77
74
75
76

121
114
106
100
95
91
87
84
83
81
79
77

285
268
265
254
247
247
244
240
238
234
232
235

1944 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

523
510
518
518
525
541
549
553
553
556
559
574

141
140
140
144
149
156
162
164
163
162
160
160

56
55
54
54
55
58
63
64
64
62
61
59

85
85
86
90
94
98
99
100
99
100
99
101

79
73
70
69
69
71
71
71
72
77
80
87

74
71
70
68
68
69
70
71
73
73
75
75

229
226
238
237
239
245
246
247
245
244
244
252

1945Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept,
Oct.
Nov.
Dec.

578
571
589
594
607
625
635
636
647
674
708
745

159
158
164
165
166
171
173
174
179
186
195
209

57
56
56
56
55
56
56
57
59
60
63
66

102
102
108
109
111
115
117
117
120
126
132
143

92
88
88
89
90
92
93
93
93
99
106
114

75
76
78
79
82
86
89
92
94
100
106

no

252
249
259
261
269
276
280
277
281
289
301
312

1946= Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

786
822
881
954
,029
,100
,170
,253
,318
,395
,472
,567

222
234
250
279
306
329
349
377
396
421
450
480

70
74
81
94
105
112
118
131
139
148
159
169

152
160
169
185
201
217
231
246
257
273
291
311

127
132
140
152
170
185
205
223
236
257
274
299

115
121
131
141
150
162
172
187
200
214
226
242

322
335
360
382
403
424
444
466
486
503
522
546

1947Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

,657
,725
,826
,928
2,037
2,140
2,216
2,288
2,351
2,428
2,514
2,625

515
552
601
643
685
723
751
779
800
823
858
891

184
198
220
239
256
278
290
303
318
327
342
352

331
354
381
404
429
445
461
476
482
496
516
539

323
334
349
372
401
427
444
454
466
485
511
550

248
252
262
279
297
319
338
359
385
408
423
437

571
587
614
634
654
671
683
696
700
712
722
747

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


A. COMMERCIAL BANKS, 1919-70Continued
[In millions of dollars]

End of
month

Automobile paper
Total
Total

Purchased

Direct

Other Home
imconsumer provement
goods
paper loans

Automobile paper
End of
month

Total
Toul

Purchased

Direct

i Home |
Other
imcon- prove- Per'
sumer me nt
sonal
goods ioans loans
paper
,

754
762
776
792
802
820
831
843
846
837
834
839

1954 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

8,914
8,755
8,714
8,722
8,729
8,783
8,789
8,784
8,767
8,759
8,728
8,796

3,998
3,935
3,919
3,925
3,930
3,966
3,975
3,967
3,955
1,940
3,906
3,937

2,191
2,162
2,164
2,180
2,195
2,237
2,251
2,253
2,259
2,259
2,249
2,269

1,807
2,092 ! ,303
1,773
1,997
,290
1,755
1,955
,279
1,745
1,939
,281
1,735
1,925
,293
1,729
1,913
,293
1,724
1,887
,301
1,714
1,871
,308
1,696
1,855
,312
1,681 ! 1,852
,317
1,657 i 1,858
,311
1,668 j 1,880
,303

565
562
567
574
588
612
620
647
665
688
706
715

841
836
843
852
864
888
891
897
903
904
902
913

1955Jan.
Feb.
Mar.
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

8,829
8,883
9,057
9,248
9,472
9,773
9,935
10,151
10,328
10,412
10,489
10,601

3,962
4,025
4,173
4,306
4,469
4,676
4,808
4,981
5,114
5,195
5,239
5,305

2,294
2,344
2,435
2,516
2,631
2,793
2,870
2,993
3,079
3,152
3,193
3,243

1,906
1,668
1,681 i K897
1,738
1,902
1,790
1,901
1,838
1,925
1,883
1,960
1,938 i 1,965
1,988 i 1,974
2,035
1,990
2,043
1,992
2,046
2,015
2,062 2,042

,269
1,692
;248
i;?13
,231 1,751
,236 , 1,805
,244 ' 1,834
,260 1,877
,271 1,891
,288
1,908
,307
1,917
,325
1,900
,332
1,903
,338 , 1,916

712
714
705
708 !
729
754
773
795
816
830
833
834

913 1956^-Jan.
914
Feb.
936
Mar.
Apr.
945
967 1
May
,003
June
July
,018
,034
Aug.
,055
Sept.
,046
Oct.
Nov.
,036
,037
Dec.

10,615
10,659
10,782
10.985
11,139
11,414
11,508
11,591
J 1,604
1 1 ,674
11,715
11,777

5,320
5,374
5,466
5,549
5,627
5,695
5,736
5,782
5,757
5,732
5,722
5,726

3,254
3,297
3,352
3,409
3,469
3,529
3,579
3,628
3,633
3,636
3,640
3,651

2,066
2,077
2,114
2,140
2,158
2,166
2,157
2,154
2,124
2,096
2,082
2,075

2,045 '
2,033
2,040
2,101
2,134
2,296
2,315
2,312
2,324
2,394
2,430
2,464 1

,317 1,933
,310 1,942
,310 1,966
,323 2,012
,348 2,030
,371 2,052
,386
2,071
,407
2,090
,430 2,093
,452 2,096
,466 " 2,097
,469 ! 2,118

,476
,429
,415
,394
,376
,365
,334
,329
,270
,281
,293
,315

822
812
811
815
823
825
831
845
858
874
887
888

,046
,044
,063
,067
,069
,078
,073
,091
,094
,102
,105
,122

1957 Jan.
Feb.
Mar.
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

11,712
11,741
11,820
12,069
12,234
12,421
12,608
12,711
12,764
12,860
12,838
12,843

5,742
5,784
5,865
5,979
6,083
6,186
6,263
6,330
6,355
6,383
6,365
6,355

3,658
3,690
3,739
3,810
3,878
3,955
4,015
4,071
4,102
4,140
4,132
4,130

2,084
2,094
2,126
2,169
2,205
2,231
2,248
2,259
2,253
2,243
2,233
2,225

2,387 5
2,373
2,362
2,448
2,457
2,490
2,557
2,538
2,545
2,582 j
2,566 "
2,557

,456 2,127
,446 2,138
,444 2,149
,453 2,189
,471 2,223
,492 2,253
,510 ', 2,278
,538 f 2,305
,554 1 2,310
,576 2,319
,586 2,321
,580 2,351

,303
,306
,317
,342
,398
,465
,500
,517
,534
,569
,598
,629

,323
,301
,291
,289
,331
,394
,444
,495
,537
,609
,659
,751

882
881
881
899
931
967
,004
,036
,069
,109
,130
,137

,138
,153
,186
,207
,232
,276
,293
,312
,335
,347
,351
,374

1958 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

12,749
12,562
12,456
12,579
12,612
12,676
12,776
12,834
12,633
12,645
12,660
12,780

6,315
6,252
6,188
6,194
6,195
6,213
6,233
6,240
6,190
6,151
6,139
6,184

2,218
2,502
4,097
2,199
2,394
4,053
2,191
2,350
3,997
2,203 i 2,401
3,991
2,205 i 2,387
3,990
4,000 2,213 :i 2,380
2,216
2,404
4,017
2,410
4,033 ! 2,207
2,221
4,008 i 2,182
2,161
2,232
3,990
2,151
2,240
3,988
2,170
2,269
4,014

,652
,695
,761
,82!
,869
,906
,938
,952
,940
,928
1,906
1,867

,809
,835
,909
,956
,990
2,029
2,062
2,070
2,057
2,060
2,061
2,078

,133
,136
,144
,160
,184
,212
,237 !
,258
,282
,303
,318
,317
I

,386
,398
,431
,447
,459
,485
,497
,500
,507
,505
,501
,521

1959Jan.
Feb.
Man
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

12,931
12,981
13,150
13,462
13,758
14,098
14,390
14,688
14,886
15,063
15,131
15,227

6,242
6,299
6,404
6,577
6,731
6,9 1 8
7,066
7,204
7,279
7,369
7,385
7,352

4,046
4,079
4,140
4,250
4,352
4,489
4,596
4,703
4,769
4,841
4,854
4,827

1948Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

2,716
2,761
2,873
3,006
3,090
3,185
3,279
3,370
3,446
3,466
3,492
3,529

926
957
,022
,080
121
J67
,220
,269
,297
,308
,319
,328

365
380
412
441
460
484
513
540
559
569
572
575

561
577
610
639
661
683
707
729
738
739
747
753

594
597
619
658
676
690
710
731
761
768
775
794

442
445
456
476
491
508
518
527
542
553
564
568

1949 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

3,536
3,507
3,556
3,639
3,761
3,875
3,956
4,066
4,160
4,268
4,347
4,439

,320
,327
,373
,430
,493
,539
,598
,659
,703
,747
,781
,795

568
575
600
632
663
685
715
751
776
807
831
849

752
752
773
798
830
854
883
908
927
940
950
946

810
782
773
783
816
836
847
863
889
929
958
1,016

1950 Jan.
Feb.
Mar,
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

4,503
4,537
4,652
4,751
4,940
5,171
5,393
5,607
5,819
5,869
5,808
5,798

,820
,861
,929
,992
2,081
2,206
2,339
2,440
2,519
2,530
2,495
2,471

865
889
924
956
998
,058
,124
,162
,202
,208
,191
,177

955
972
,005
,036
,083
,148
,215
,278
,317
,322
,304
,294

1,058
,048
,082
,106
,163
,208
,263
,338
,429
,463
,444
,456

195 1 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

5,791
5,720
5,724
5,720
5,736
5,747
5,705
5,764
5,738
5,753
5,760
5,771

2,447
2,435
2,435
2,444
2,468
2,479
2,467
2,499
2,516
2,496
2,475
2,446

,154
,136
J22
,118
,133
,144
,143
,158
,170
,159
,151
,135

,293
,299
,313
,326
,335
,335
,324
,341
,346
,337
,324
,311

1952Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

5,769
5,769
5,807
5,898
6,143
6,458
6,648
6,793
6,945
7,158
7,310
7,524

2,426
2,434
2,449
2,503
2,649
2,821
2,907
2,950
3,004
3,093
3,170
3,262

,123
,128
,132
,161
,251
,356
,407
,433
,470
,524
,572
,633

1953 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

7,665
7,797
8,059
8,286
8,491
8,675
8,843
8,931
8,969
9,009
9,006
8,998

3,337
3,428
3,575
3,723
3,858
3,949
4.047
4,103
4,123
4,141
4,126
4,082

,685
,733
,814
,902
,989
2,043
2,109
2,151
2,183
2,213
2,220
2,215

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Personal
loans

May

May

1094

,569
,553
,544
,550
,571
,589
,608
635
.659
,688
,708
,715

| 1,521
1,533
, 1,561
1,577
1 1,581
1,611
1,626
1,638
1,645
, 1,650
1,653
J,676

'
.
,
!

2,363
2,363
2,374
2,434
2,459
2,494
2,531
2,549
2,563
2,574
2,573
2,612

2,196
2,326 - ,713 2,650
2,220 , 2,303 , ,709 2,670
2,264
2,308
,720 ; 2,718
2,327
2,337
,748 ' 2,800
2,382 ( ,790 2,855
2,379
2,425 j ,831 2,924
2,429
2,474
,876 2,974
2,470
2,528 ' ,916
3,040
2,501
2,510
2,557 1 ,953 3,097
2,528
2,582 \ ,991 3,121
2,531
2,592 2,017 3,137
2,525
2,640 2,039 3,196
i
i

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


A.

COMMERCIAL BANKS, 1919-70Continued

[In millions of dollars]


End of
month

Total

Purchased

Direct

Other
consumer
goods
paper

Automobile paper
Total

Home
improvement
loans

Personal
loans

End of
month

Total

Purchased

Direct

Other
consumer
goods
paper

Automobile paper
Total

Home
improvement
loans

Personal
loans

1960Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

15,389
15,478
15,507
15,801
16,024
16,282
16,401
16,546
16,623
16,627
16,653
16,672

7,360
7,421
7,532
7,7H
7,853
8,009
8,076
8,145
8,165
8,157
8,177
8,136

4,822
4,854
4,913
5,021
5,110
5,221
5,273
5,325
5,353
5,355
5,353
5,316

2,538
2,568
2,619
2,689
2,744
2,787
2,803
2,820
2,812
2,802
2,824
2,820

2,787
2,789
2,673
2,685
2,697
2,719
2,732
2,730
2,738
2,739
2,732
2,759

2,031
2,030
2,032
2,056
2,090
2,123
2,140
2,169
2,190
2,201
2,207
2,200

3,211
3,237
3,270
3,348
3,384
3,432
3,453
3,502
3,531
3,530
3,537
3,577

1964 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct,
Nov.
Dec.

22,106
22,303
22,507
22,894
23,316
23,770
24,112
24,391
24,586
24,780
24,837
25,094

11,535
11,640
11,823
12,076
12,380
12,679
12,884
13,042
13,122
13,247
13,277
13,425

7,403
7,455
7,570
7,735
7,935
8,147
8,290
8,418
8,486
8,593
8,615
8,691

4,132
4,185
4,253
4,341
4,445
4,532
4,594
4,624
4,636
4,654
4,662
4,734

3,239
3,309
3,306
3,325
3,360
3,415
3,476
3,506
3,543
3,582
3,605
3,670

2,352
2,335
2,323
2,329
2,355
2,379
2,404
2,431
2,449
2,466
2,467
2,457

4,980
5,019
5,055
5,164
5,221
5,297
5,348
5,412
5,472
5,485
5,488
5,542

1961 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

17,539
17,285
17,148
17,072
17,079
17,113
17,094
17,121
16,993
16,988
16,974
17,008

8,060
7,975
7,976
7,981
8,052
8,136
8,171
8,199
8,147
8,188
8,235
8,251

5,255
5,187
5,174
5,170
5,216
5,275
5,310
5,340
5,326
5,365
5,384
5,391

2,805
2,788
2,802
2,810
2,836
2,861
2,861
2,859
2,821
2,824
2,851
2,860

3,742
3,596
3,449
3,309
3,202
3,095
3,026
2,962
2,864
2,820
2,764
2,761

2,171
2,148
2,134
2,141
2,155
2,170
2,179
2,197
2,206
2,210
2,210
2,198

3,566
3,566
3,589
3,642
3,670
3,712
3,719
3,763
3,775
3,769
3,765
3,798

1965Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

25,191
25,319
25,610
26,200
26,670
27,214
27,674
28,044
28 , 246
28,487
28,685
28,962

13,485 8,705
13,613 8,772
13,840 8,896
14,203 9,120
14,525 9,324
14,874 9,534
1 5 , 1 84 9,745
15,379 9,878
15,424 9,937
15,586 10,055
15,732 10,138
15,868 10,209

4,780
4,841
4,944
5,083
5,201
5,340
5,439
5,501
5,487
5,531
5,594
5,659

3,706
3,691
3,697
3,742
3,783
3,842
3,903
3,955
4,016
4,062
4,092
4,166

2,432
2,411
2,403
2,413
2,441
2,472
2,502
2,533
2,553
2,569
2,576
2,571

5,568
5,604
5,670
5,842
5,921
6,026
6,085
6,177
6,253
6,270
6,285
6,357

1962 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

16,964
16,967
17,062
17,366
17,686
18,024
18,251
18,460
18,491
18,680
18,847
19,005

8,264
8,309
8,422
8,625
8,836
9,052
9,202
9,324
9,299
9,438
9,569
9,635

5,379
5,398
5,457
5,569
5,692
5,823
5,923
6,011
6,012
6,095
6,164
6,184

2,885
2,911
2,965
3,056
3,144
3,229
3,279
3,314
3,287
3,343
3,405
3,451

2,718
2,690
2,656
2,653
2,682
2,716
2,736
2,730
2,738
2,755
2,773
2,824

2,170
2,147
2,132
2,143
2,165
2,188
2,210
2,231
2,247
2,262
2,270
2,261

3,812
3,821
3,852
3,945
4,003
4,068
4,103
4,174
4,208
4,225
4,235
4,285

1966Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

28,951
29,023
29 , 348
29,742
30,072
30,526
30,855
31,137
31,125
31,170
31,211
31,319

15,864
15,927
16,166
16,380
16,570
16,845
16,987
17,087
16,972
16,997
17,014
16,980

10,197
10,226
10,378
10,523
10,655
10,856
10,978
11,075
11,030
11,049
11,053
11,024

5,667
5,701
5,788
5,857
5,915
5,989
6,009
6,012
5,942
5,948
5,961
5,956

4,175
4,174
4,193
4,242
4,285
4,349
4,452
4,504
4,543
4,562
4,587
4,681

2,542
2,520
2,516
2,525
2,551
2,583
2,614
2,644
2,661
2,666
2,660
2,647

6,370
6,402
6,473
6,595
6,666
6,749
6,802
6,902
6,949
6,945
6,950
7,011

1963 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

19,129
19,256
19,450
19,882
20,229
20,602
20,948
21,245
21,365
21,645
21,807
22,023

9,708
9,811
9,978
10,248
10,489
10,718
10,936
11,086
11,099
11,282
11,394
11,483

6,216
6,281
6,386
6,549
6,695
6,849
6,998
7,117
7,137
7,266
7,329
7,381

3,492
3,530
3,592
3,699
3,794
3,869
3,938
3,969
3,962
4,016
4,065
4,102

2,861
2,865
2,866
2,895
2,930
2,973
3,008
3,056
3,095
3,129
3,159
3,213

2,239
2,220
2,209
2,229
2,258
2,286
2,315
2,343
2,362
2,382
2,387
2,377

4,321
4,360
4,397
4,510
4,552
4,625
4,689
4,760
4,809
4,852
4,867
4,950

1967 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

31,144
31,017
31,062
31,231
31,427
31,756
32,080
32,446
32,611
32,763
32,925
33,152

16,831
16,719
16,737
16,790
16,900
17,056
17,178
17,268
17,224
17,215
17,209
17,204

10,904
10,831
10,830
10,833
10,868
10,946
11,026
11,082
11,048
11,021
10,993
10,972

5,927
5,888
5,907
5,957
6,032
6,110
6,152
6,186
6,176
6,194
6,216
6,232

4,725
4,734
4,730
4,745
4,761
4,806
4,921
5,023
5,133
5,221
5,314
5,469

2,616
2,589
2,577
2,573
2,589
2,610
2,642
2,676
2,696
2,714
2,726
2,731

6,972
6,975
7,018
7,123
7,177
7,284
7,339
7,479
7,558
7,613
7,676
7,748

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1095

CONSUMER CREDIT
16,3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


A. COMMERCIAL BANKS, 1919-70Continued
[In millions of dollars]
Other consumer goods paper

Automobile paper
Total

End of
period

Total

Purchased

Direct

Credit
cards

Total

Other

Home
improvement
loans

Personal loans
Total

Check
credit

Other

1968
1969
1970

37,936
42,421
45,398

19,426
20,924
20,806

12,324
13,133
12,918

7,102
7,791
7,888

6,694
8,721
10,905

1,307
2,639
3,792

5,387
6,082
7,113

2,858 [
2,996
3,071

8,958
9,780
10,616

798
1,081
1,336

8,160
8,699
9,280

1968 Jan
Feb
Mar
Apr
May
June
July . . .
Aug
Scot
Oct. .
Nov. ..
Dec

33,211
33,371
33,646
34,167
34.728
35,278
35,845
36,465
36,760
37,268
37,485
37,936

17,198
17,285
17,463
17,715
18,031
18,341
18,645
18,929
18,962
19 , 223
19,346
19,426

10,940
10,980
11,069
11,223
11,419
11,618
11,823
12,039
12,072
12,242
12,294
12,324

6,258
6,305
6,394
6,492
6,612
6,723
6,822
6,890
6,890
6,981
7,052
7,102

5,525
5,562
5,608
5,713
5,819
5,932
6,074
6,210
6,305
6,428
6,459
6,694

845
847
855
892
914
952
982
1,028
1,073
,140
1,171
,307

4,680
4,715
4,753
4,821
4,905
4,980
5,092
5,182
5,232
5,288
5,288
5,387

2,687
2,663
2,648
2,664
2,688
2,713
2,750
2,792
2,820
2,844
2,858
2,858

7,801
7,861
7,927
8,075
8,190
8,292
8,376
8,534
8,673
8,773
8,822
8,958

556
571
584
602
622
646
667
691
715
741
751
798

7,245
7,290
7,343
7,473
7,568
7,646
7,709
7,843
7,958
8,032
8,071
8,160

1969 Jan.
Feb
Mar
Apr
May
June
July
Aug.
Sept.
Oct
Nov.
Dec

38,072
38,236
38,551
39,286
39,906
40,613
41,013
41,358
41,684
41,962
42 , 064
42,421

19,427
19,483
19,662
19,989
20,295
20,631
20,777
20,847
20,895
21,013
21,013
20,924

12,303
12,329
12,436
12,636
12,825
13,048
13,142
13,193
13,203
13,259
13,231
13,133

7,124
7,154
7,226
7,353
7,470
7,583
7,635
7, '654
7,692
7,754
7,782
7,791

6,782
6,858
6,918
7,088
7,242
7,450
7,664
7,837
8,001
8,158
8,300
8,721

,438
,450
1,470
1,534
1,625
1,705
1,793
1,893
2,035
2,156
2,286
2,639

5,344
5,408
5,448
5,554
5,617
5,745
5,871
5,944
5,966
6,002
6,014
6,082 '

2,841
2,835
2,839
2,870
2,913
2,967
2,991
3,007
3,037
3,033
3,020
2,996

9,022
9,060
9,132
9,339
9,456
9,565
9,581
9,667
9,751
9,758
9,731
9,780

833
860
79
928
961
993
1,010
,026
,046
,054
,C57
,081

8,189
8,200
8,253
8,411
8,495
8,572
8,571
8,641
8,705
8,704
8,674
8,699

42,364
42,282
42,319
42,696
43,056
43,633
44,561
44,908
45,156
45,232
45,070
45,398

20,734
20,603
20,560
20,605
20,680
20,838
21,262
21,292
21,248
21,238
21,018
20,806

12,999
12,908
12,864
12,852
12,894
12,967
13 , 327
1 3 , 342
13,285
13,254
13,086
12,918

7,735
7,695
7,696
7,753
7,786
7,871
7,935
7,950
7,963
7,984
7,932
7,888

8,913
9,018
9,120
9,326
9,541
9,837
10,183
10,307
10,416
10,457
10,487
10,905

2,802

6,111
6,187
6 9 274
6,414
6,587
6,789
7,051
7,088
7,080
7,053
7,012
7,113

2,957
2,933
2,920
2,929
2,952
2,981
3,017
3,043
3,067
3,080
3,083
3,071

9,760
9,728
9,719
9,836
9,883
9,977
10,099
10,266
10,425
10,457
10,482
10,616

,105
,117
,118
,144
,157
,180
,203
,227
,264
,280
,290
,336

8,655
8,611
8,601
8,692
8,726
8,797
8,896
9,039
9,161
9,177
9,192
9,280

1970Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec.

..

..
..
..
,.
.
..

,.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1096

2; 831

2,846
2,912
2,954
3,048
3,132
3,219
3,336
3,404
3,475
3,792

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


B, SALES FINANCE COMPANIES, 1919-64
[In millions of dollars]

End of period

Total

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

1919
1920
1921
1922
1923
1924

73
105
93
136
222
293

42
61
54
86
164
215

31
44
39
50
58
78

1925
1926
1927
1928
1929

529
669
628
816
1,074

402
501
445
572
736

127
168
183
244
337

1930
1931
1932
1933
1934

880
684
418
507
630

568
432
259
368
477

309
243
146
122
123

3
9
13
17
21

1935
1936
1937
1938
1939

974
1,353
1,415
969
1,197

770
1,077
1,120
707
878

111
126
156
114
115

67
117
98
102
148

26
33
41
46
56

1940
1941
1942
1943
1944

1,575
1,797
588
252
262

1,187
1,363
341
131
153

136
167
78
34
28

190
201
117
42
33

62
66
52
45
48

1945
1946
1947
1948
1949

300
677
1,355
2,011
2,944

164
377
802
1 , 333
2,265

24
67
185
287
447

58
141
242
225
90

54
92
126
166
142

1950
1951
1952
1953
1954

3,711
3,654
4,711
5,927
6,144

2,956
2,863
3,630
4,688
4,870

532
452
680
816
841

61
63
60
46
31

162
276
341
377
402

1955
1956
1957
1958
1959

8,447
8,999
9,324
8,446
9,880

6,905
7,238
7,393
6,310
7,187

1,048
1,159
1,224
1,319
1,675

28
32
31
36
72

466
570
676
781
946

1960
1961
1962
1963
1964

10,763
10,327
11,405
12,630
13,605

7,488
6,702
7,251
7,922
8,285

2,059
2,226
2,465
2,699
3,022

146
186
213
214
207

1,070
1,213
1,476
1,795
2,091

,197
,207
,240
,300
,361
,414
,459
,483
,475
497
,532
,575

879
890
922
978
1,032
1,079
1,118
1,130
,112
131
,156
,187

115
114
115
118
122
124
125
127
128
130
130
136

147
147
146
147
149
152
157
166
175
176
186
190

56
56
57
57
58
59
59
60
60
60
60
62

,592
,620
,671
,773
,884
966
,019
,047
,984
,928
,867
,797

,206
,236
,287
,383
,485
561
,609
,625
,554
,495
,437
,363

134
133
134
138
145
149
152
158
160
162
162
167

190
190
188
189
190
191
193
198
204
206
203
201

62
61
62
63
64
65
65
66
66
65
65
66

1940

Jan.
Feb. .
Mar.
Apr
May .
June
July
Aug.
Sept
Oct
Nov.
Dec

. . .
. . .

1941Jan. .
Feb
Mar
Apr.
May
June
July
Aug. ...
Sept.
Oct
Nov
Dec.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1097

End of month

Total

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

1942 Jan.
Feb.
Mar.
Apr
May
June
July
Aug
Scot.
Oct
Nov
Dec

1,689
1,573
,461
,347
,241
,130
,027
919
828
738
665
588

1,270
1 167
1,064
963
871
781
701
613
538
466
405
341

161
157
157
151
147
137
127
118
109
99
90
78

193
185
176
170
161
151
140
131
126
120
118
117

65
64
64
63
62
61
59
57
55
53
52
52

1943_jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec.

520
459
403
364
334
309
291
278
270
263
255
252

290
247
207
185
168
153
145
140
138
135
133
131

69
63
57
51
46
42
39
38
36
36
34
34

112
102
92
82
75
69
63
57
53
49
45
42

49
47
47
46
45
45
44
43
43
43
43
45

1944 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov.
Dec

242
237
236
236
241
249
261
266
265
265
265
262

127
126
127
130
138
147
157
162
161
161
159
153

32
30
29
28
28
28
29
30
30
30
30
28

39
38
35
34
31
30
30
30
30
30
31
33

44
43
45
44
44
44
45
44
44
44
45
48

253
247
247
246
247
253
257
262
266
277
289
300

146
141
139
138
138
141
144
145
149
153
160
164

27
25
24
23
21
20
19
20
20
23
23
24

34
35
37
38
41
44
46
49
50
53
56
58

46
46
47
47
47
48
48
48
47
48
50
54

310
323
340
373
404
429
460
496
536
579
624
677

170
176
188
207
225
236
255
274
298
322
345
377

25
28
29
33
37
39
43
47
51
57
61
67

61
64
67
74
82
88
97
106
115
125
133
141

54
55
56
59
60
66
65
69
72
75
85
92

714
762
823
890
952
,013
,065
,116
,162
221
1,288
,355

403
437
478
522
564
601
632
661
687
718
758
802

67
78
87
97
104
114
121
129
137
157
169
185

150
150
157
169
178
190
202
215
226
233
241
242

94
97
101
102
106
108
110
111
112
113
120
126

.
,

1945Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov.
Dec
1946 Jan
Feb
Mar
Apr.
May
June
July
A us
Sept.
Oct
Nov
Dec.
1947 jan
Feb
Mar.
Apr
May
June
July
Aug.
Sept.
Oct
Nov.
Dec

' ..

. ..

..

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


B. SALES FINANCE COMPANIES, 1919-64Continued
[In millions of dollars]

Automobile
paper

Other
consumer
goods
paper

1,420
,467
,562
,661
,733
,771
,833
,895
,954
,959
,979
2,011

843
879
961
1,037
1,079
,109
,164
,220
,271
,280
,304
,333

207
211
218
233
254
264
273
280
290
289
286
287

233
236
238
245
252
248
245
243
239
235
232
225

137
141
145
146
148
150
151
152
154
155
157
166

1954 Jan
Feb
Mar.
Apr
May
June
July
Aug.
Sept.
Oct
Nov
Dec

2,001
2,014
2,090
2,192
2,319
2,423
2,521
2,648
2,738
2,822
2,897
2,944

,335
,354
,437
,542
,665
,761
,850
,968
2,057
2,142
2,220
2,265

296
309
318
327
341
358
381
404
422
431
438
447

204
186
171
163
156
150
140
130
116
107
99
90

166
165
164
160
157
154
150
146
143
142
140
142

1955= Jan
Feb.
Mar
Apr
May
June
July
Aug.
Sept.
Oct
Nov.
Dec

2,960
3,008
3,073
3 160
3,265
3,427
3,618
3,733
3 825
3,819
3,757
3 711

2,293
2,349
2,416
2 493
2,582
2,714
2,873
2,964
3 034
3,038
2,995
2,956

446
446
452
467
484
511
540
559
576
568
546
532

83
78
71
66
64
63
62
63
65
64
63
61

138
135
134
134
135
139
143
147
150
149
153
162

1956 Jan
Feb
Mar,
Apr
May
June
July
Aug.
Sept
Oct
Nov.
Dec

1951=Jan
Feb.
Mar
Apr.
May
June
July
AUK.
Sept.
Oct
Nov.
Dec

3,659
3,597
3,555
3,534
3,555
3,597
3,597
3,684
3,725
3 695
3,682
3,654

2,900
2,844
2,807
2,797
2,820
2,866
2,871
2,941
2,968
2,932
2,910
2,863

517
508
497
481
469
457
445
450
456
454
452
452

60
57
56
54
55
55
56
57
58
60
61
63

182
188
195
202
211
219
225
236
243
249
259
276

1952Jan
Feb
Mar.
Apr.
May
June
July
Aug.
Sept.
Oet
Nov
Dec,

3,591
3 552
3,516
3,551
3,731
3,985
4,143
4,180
4,253
4,409
4 548
4,711

2,801
2 761
2,722
2,747
2,901
3,104
3,212
3,226
3,270
3,396
3 515
3,630

449
447
447
448
467
510
555
575
603
630
645
680

60
58
56
55
56
56
56
56
57
59
59
60

281
286
291
301
307
315
320
323
323
324
329
341

1953 Jan
Feb..
Mar.
Apr
May
June
July
Aug
Sept.
Oct
Nov.
Dec.

4,804
4,897
5,028
5,156
5,312
5,456
5 631
5,739
5,811
5,885
5,929
5,927

3 705
3,792
3,916
4,032
4,169
4,292
4,440
4,527
4,592
4,665
4,705
4,688

695
704
715
727
744
760
789
810
817
816
813
816

58
56
54
54
51
49
46
43
44
44
45
46

346
345
343
343
348
355
356
359
358
360
366
377

End of month

1948Jan.
Feb
Mar
Apr.
May
June
July .
Aug
Sept
Oct.
Nov
Dec
1949Jan
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct.
Nov
Dec
1950 Jan
Feb.
Mar.
Apr
May
June
July
Aug.
Sept
Oct.
Nov
Dec.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Total

.....

Home
improvement
loans

Automobile
paper

Other
consumer
goods
paper

5 839
5,750
5,664
5 666
5,697
5 799
5 918
5,977
6,010
6 030
6,043
6 144

4 615
4 543
4,477
4 483
4 521
4 617
4 720
4 774
4,803
4 gig
4 811
4 870

803
790
771
766
760
765
779
784
791
798
810
841

47
45
43
42
40
39
37
36
H
33
12

*\l

374
372
373
375
376
378
382
383
382
384
390
402

6,180
6,274
6 480
6 716
6,995
7,317
7,631
7,943
8,169
8,271
8,325
8 447

4 902
4,991
5 193
5 418
5,680
5,976
6,255
6,529
6,729
6,808
6,839
6 905

844
847
849
855
872
897
926
958
981
998
1,012
1,048

?9
28
26
25
24
23
23
25
25
26
26
28

405
408
412
418
419
421
427
431
434
439
448
466

8,440
8,465
8,531
8 581
8,647
8,772
8,856
8,960
8 997
8,983
8,977
8 999

6,903
6,921
6,974
7 013
7,073
7,170
7,232
7,309
7 328
7,294
7,263
7,238

1,040
1,043
1,045
1 ,047
1,046
1,067
1,080
1,095
1,108
1,122
1,136
1,159

28
28
28
2t>
29
30
30
30
30
32
31
32

469
473
484
492
499
505
514
526
531
535
547
570

1957_jan
Feb.
Mar
Apr.
May
June
July.
Aug.
Sept..
Oct
Nov.
Dec

8,936
8,899
8,890
8,922
8,992
9,112
9,236
9,325
9,358
9 346
9,323
9,324

7,176
7,141
7,138
7,158
7,215
7,316
7,401
7,465
7,486
7,464
7,435
7,393

1,155
1,147
1,135
1,137
1,143
1,153
1,177
1,194
1,203
1,206
1,205
1,224

31
32
32
32
33
33
34
34 i
34
36 !
33
31 1

574
579
585
595
601
610
624
632
635
640
650
676

1958Jan
Feb
Mar.
Apr. . . . . . s ,
May
June
July
Aug
Sept
Oct.
Nov.
Dec
1959 jan<
Feb
Mar.
Apr.
May
June
July
Aug
Sept.
.. .
Oct,
Nov
Dec.

9,207
9 081 1
8,920
8,821
8,754
8,736
8,712
8,675
8,563
8,452
8,378
8,446

7,284
7,157
6,999
6,886 i
6,804
6,758
6,707
6,641 1
6,511
6,386
6,303
6,310

1,208
1,201
1,189
1,197
1,207
1,220
1,243
1,262
1,268
1,276
1,284
1,319

32
32
32 I
33
34
34
34
35
35
36
36
36 i

683
691
700
705
709
724
728
737
749
754
755
781

8,437
8,446
8,502
8,631
8,793
9,052
9,292
9,513
9,677
9,804
9,849
9,880

6,294
6,295
6,326 1
6,436
6,568
6,767
6,940
7, HI
7,194
7,268
7,248
7,187

1,321
1,323
1,340
1,353
1,378
1,423
1,472
1,505
1,545
1,576
1,619
1,675

36
37
41
41
42
44
48 i
52
61
66
68 I
72

786
791
795
801
805
818
832
845
877
894
914
946

Personal
loans

End of month

1098

Total

. . ...

. ,

. ..

Home
improvement
loams

Personal
loans

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


B. SALES FINANCE COMPANIES, 1919-64Continued
[In millions of dollars]

Total

End of month

Automobile
paper

Other
consumer
goods
paper

1960 Jan.
Feb.
Mar
Apr.
May
June
July
Aug.
Scot
Oct
Nov.
Dec.

9,888
9,964
10 062
10,201
10,330
. . 10,548
10,650
10,757
10 794
10 778
10,764
10,763

7 161
7,195
7 255
7 381
7,469
7,599
7,645
7,670
7 643
7 600
7,555
7,488

1,703
1,734
762
765
,791
,854
,891
,945
979
997
2,020
2,059

1961Jan
Feb. .
Mar.
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dec

10,634
10,527
10 396
10,325
10,290
10,341
10,331
10 315
10,259
10,247
10 256
10,327

7,346
7,217
7 099
7,025
6,978
6,983
6,945
6 896
6,781
6,746
6 730
6,702

1962 Jan. .
Feb
Mar.
Apr.
May
June

10,267
10,281
10 307
10,425
10,582
10 764

6,640
6,626
6 646
6,719
6,842
6,971

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Home
improvement
loans

Personal
loans

74
78
82
89
98
106
115
127
134
140
144
146

950
957
963
966
972
989
999
,015
038
,041
,045
,070

2,076
2,096
2 080
2,069
2,075
2,098
2,111
2 127
2,153
2,154
2 165
2,226

148
150
154
159
160
164
172
167
173
178
183
186

,064
,064
,063
,072
,077
,096
,103
125
,152
,169
178
,213

2,219
2,242
2,242
2,258
2,269
2,291

188
189
191
196
200
202

,220
,224
,228
,252
,271
,300

1099

End of month

Total

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

1962 July. . .
Aug
Sent.
Oct.
Nov. ..
Dec

10,917
11,071
11 093
11 , 1 89
11,316
11,405

7,068
7,158
7 122
7,168
7,249
7,251

2,322
2,357
2 378
2,401
2,423
2,465

207
208
211
212
213
213

1 320
1,348
382
408
,431
,476

1963Jan. .
Feb
Mar.
Apr.
May . .
June
July .
Aug. .
Sent.
Oct..
Nov
Dec

11,431
11 426
11,460
1 1 , 593
11,764
11,964
12,151
12,303
12 325
12,432
12,522
12,630

7,265
7 265
7,294
7,409
7,536
7,681
7,805
7,879
7 819
7,874
7,912
7,922

2,466
2 457
2 454
2,456
2,481
2,513
2,537
2,571
2 600
2,629
2,657
2,699

212
210
210
209
211
211
212
213
214
215
215
214

,488
494
502
,519
,536
,559
,597
,640
692
714
,738
,795

1964 jan
Feb
Mar.
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec.

12 620
12,640
12,681
12 780
12,955
13,151
13,305
13,422
13,464
13,521
13,493
13,605

7 907
7,907
7,936
8 010
8,136
8,266
8,362
8,410
8,368
8,369
8,290
8,285

2 695
2,706
2,708
2 724
2,757
2,795
2,827
2,864
2,894
2,933
2,961
3,022

213
212
210
209
209
211
211
212
212
211
208
207

805
,815
,827
837
,853
,879
,905
,936
,990
2,008
2,034
2,091

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


C. CONSUMER FINANCE COMPANIES, 1950-64
[In millions of dollars]

End of period

Total

Automobile
paper

Other
consumer
'goods1
paper

Personal
loans

1950
1951. .
1952
1953
1954. .

1,286
1,555
1 866
2,137
2,257

125
133
155
156
129

128
154
207
240
234

1 033
1,268
1 504
1 741
1,894

1955
1956. . .
1957
1958
1959 .

2,623
2,940
3,124
3,085
3,337

154
161
152
134
150

341
372
312
211
334

2 128
2,407
2,659
2 674
2 853

1960
1961
1962 .
1963
1964

3 781
4,145
4,765
5,582
6,492

153
169
193
202
187

398
390
380
427
559

3 230
3 586
4,192
4,953
5 746

1950 Jan
Feb.
Mar.
Apr
May
June. .
July
AUK.
Sept.
Oct. . . .
Nov.
Dec. .

948
944
951
960
972
991
1,006
1,019
1,192
1,215
1,230
1,286

67
68
71
74
76
80
83
84
119
120
122
125

77
77
78
79
81
84
87
93
120
125
123
128

804
799
802
807
815
827
836
842
953
970
985
1,033

1951 Jan.
Feb
Mar
Apr.
May
June
July
AUE
Sept.
Oct.. .
Nov.
Dec. , .

1,296
1,305
330
,341
361
387
,412
1 433
1,463
1,452
1 480
1,555

123
123
125
125
129
130
132
134
134
132
130
133

129
128
129
128
128
129
132
137
143
143
145
154

,044
,054
076
,088
104
,128
,148
162
,186
,177
,205
,268

1952 Jan.
Feb
Mar.
Apr
May
June
July
Aug.
Sent.
Oct.
Nov
Dec.

1,563
1 571
1,589
1,624
1,652
1 698
1,731
1,751
1 761
1,776
1 788
1,866

132
131
132
336
139
143
145
146
148
151
151
155

154
156
158
167
170
180
186
188
194
199
199
207

,277
284
,299
,321
,343
375
400
,417
419
,426
438
,504

1953Jan
Feb
Mar
Apr. .
May
June
July
Aug
Sept.
Oct.
Nov
Dec. . . .

1 895
1,888
1,916
1,942
1 ,957
1 992
2,029
2,042
2,051
2,052
2,070
2,137

156
155
159
162
165
167
168
167
166
166
159
156

210
211
214
217
219
223
227
228
232
232
235
240

529
,522
543
,563
,573
602
,634
647
,653
,654
,676
,741

2 125
2,113
2,111

150
144
140

233
228
223

742
741
1,748

1954

Jan
Feb
Mar.

. . .

. . .

..

. ,

End of month

Automobile
paper

Other
consumer
goods1
paper

Personal
loans

1954 Apr
May
June
July
Aug.
Sept
Oct
Nov.
Dec.

2 126
2,126
2 144
2 158
2,157
2,169
2 171
2,184
2,257

139
138
139
138
137
135
132
129
129

222
219
2H 9
217
215
221
225 1
226
234

765
,769
786
803
,805
,813
,814
,829
,894

1955Jan
Feb.
Mar
Apr
May
June
July
Aug.
Sept
Oct
Nov.
Dec

2 254
2,265
2 291
2 332
2,352
2,398
2,423
2,449
2,464
2,482
2,523
2,623

128
131
137
141
145
148
153
156
155 |
155 i
155
154

230
231
235
246
254
273
281
291
300
30<>
322 i
341

,896
,903
919
,945
,953
,977
,989
2,003
2,008
2,018
2,046
2,128

. .

2,632
2,657
2,687
2,715
2,740
2,774
2,811
2,843
2,839
2,847
2,863
2,940

154
155
156
158
160 1
164 i
166
166
164
163
163
161

344
349
353
355
362
367
370
375
374
377
372
372

2,134
2,153
2,179
2,202
2,217
2,244
2,275
2,302
2,301
2,308
2,328
2,407

. . . .

2,926
2,929
2,927
2,962
2,972
2,996
3,040
3,057
3,049
3,040
3,049
3,124

158
157
155
156
158
162
163
161
159
157
155
152

361
357
350
350
348
344
341
338
331
325
315
312

2,407
2,416
2,423
2,456
2,466
2,490
2,536
2,559
2,558
2,558
2,578
2,659

3,106
3,086
3,061
3,059
3,039
3,037
3,038
3,033
3,012
2,999
2,999
3,085

148
145
142
140
140
139
139
140
138
136
135
134

304
294
283
278
274
272
271
271
271
272
271
277

2,654
2,647
2,636
2,641
2,624
2,626
2,628
2,623
2,604
2,590
2,592
2,674

3,074
3,064
3,057
3,056
3,054
3,073
3,100
3,140
3,157
3 175
3,215
3,337

134
134
134
135
135
138
140
145
146
146
148
150

274
276
278
283
291
298
303
309
312
316
320
334

2,665
2,654
2,645
2,638
2,627
2,637
2,657
2,687
2,700
2,713
2,747
2,853

1956 Jan.
Feb. .
Mar
Apr.
May
June
July
Aug
Sept.
Oct. . . .
Nov
Dec.

. .

1957 Jan.
Feb.
Mar
Apr.
May
June
July
Aug
Sept.
Oct
Nov.
Dec

1958 Jan
Feb.
Mar. .
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec.
1959=-Jan...
Feb.
Mar
Apr.
May
June
July .
Aug.
Sept
Oct
Nov.
Dec

For note see following page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Total

1100

....

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


C. CONSUMER FINANCE COMPANIES, 1950-64Continued
[In millions of dollars]

Automobile
' paper

Other
consumer
goods1
paper

3,341
3,350
3 354
3,388
3,405
3,445
3,543
3,605
3,634
3,640
3,668
3,781

149
149
149
148
150
152
153
154
153
152
153
153

334
338
341
348
358
372
382
390
400
397
395
398

2,858
2,863
2 865
2,892
2,897
2,922
3 008
3,061
3,081
3,091
3,120
3,230

1961 jarli
Feb
Mar.
Apr. . . .
May
June
July
Aug
Sent.
Oct,
Nov
Dec.

3,774
3,768
3,768
3,789
3 808
3 842
3,872
3 918
3 927
3,968
4,000
4,145

152
151
150
150
153
156
155
157
157
159
163
169

387
378
372
367
367
368
369
386
384
386
383
390

3,235
3,239
3 246
3,272
3 288
3,318
3,348
3 375
3,386
3,423
3,454
3,586

1962 Jan
Feb
Mar.
Apr
May
June . .

4,146
4,169
4,199
4,254
4,285
4,349

166
168
172
177
174
180

384
383
380
376
373
376

3,596
3 618
3,647
3,701
3 738
3,793

End of month

I960 Jan
Feb. . .
Mar
Apr.
May. .
June
July
Aug.
Sept
- Oct
Nov.
Dec

Total

Personal
loans

Includes a small amount of home improvement loans.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1101

End of month

1962 July
Aug.
Sent
Oct
Nov.
Dec.
1963 Jan.
Feb.
Mar
Apr.
May
June
July
Aug.
Sept
Oct.
Nov
Dec.

1964 Jan
Feb
Mar.
Apr,
May
June
July
Aug
Sept.
Oct
Nov
Dec.

. .

,
. .

..
..

Automobile
paper

Other
consumer
goods
pa peri

4,406
4,471
4 514
4,540
4,603
4,765

184
190
191
191
190
193

376
378
378
377
374
380

3,846
3,903
3 945
3 972
4,039
4,192

4,789
4,817
4 , 840
4,901
4,942
5,023
5,088
5,172
5,259
5,334
5 400
5,582

193
195
195
197
198
200
201
201
200
199
197
202

381
378
377
378
381
387
395
400
403
412
416
427

4,215
4,244
4,268
4,326
4,363
4,436
4,492
4,571
4 656
4,723
4 787
4,953

5 608
5,636
5,662
5,724
5,782
5,861
5,945
6,032
6,118
6,175
6,262
6,492

201
199
196
195
195
194
194
194
187
189
186
187

430
433
435
446
456
468
482
493
505
520
532
559

4 977
5,004
5,031
5,083
5,131
5,199
5,269
5,345
5,426
5,466
5,544
5,746

Total

Personal
loans

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


D,

FINANCE COMPANIES, 1965-70


[In millions of dollars]

End of period

Total

Automobile
paper

23,851*
24,796
24,576
26,074
27 , 846
. . 27,678

9,218
9 ,342
8,627
9,003
9,412
9,044

1965 Jan
Feb
Mar
Apr
May. . . .
June. . . .
July . . . .
Aug
Sept
Oct
Nov. . . . .
Dec

21,663
21,774
21,890
22,179
22,441
22,747
22,995
23,323
23,408
23,429
23,516
23,851

8,579
8,582
8,608
8,702
8,789
8,918
9,075
9,225
9,192
9,210
9,204
9,218

1966 Jan
Feb
Mar
Apr
May....
June. . . .
July....
Aug
Sept
Oct.....
Nov
Dec

23,761
23,673
23,642
23,709
23,784
23,977
24,142
24,300
24,288
24,340
24,429
24,796

1967 Jan
Feb
Mar
Apr
May. . . .
June. . . .
July. . . .
Aug
Sept
Oct
Nov
Dec

24,572
24,350
24,212
24,162
24,110
24,212
24,275
24,361
24,274
24,261
24,299
24,576

1965.
1966
1967
1968
1969
1970.

Other consumer
goods paper
Mobile
homes

Other

Home
improvement
loans

Personal
loans

10,058
10,315
10,688
11,481
12,485
12,734

Automobile
paper

Other consumer
goods paper

3,789
3,807
3,824
3,857
3,922
3,987
4,006
4,078
4,1 76
4,208
4,246
4 ,343

247
246
244
243
241
241
242
242
238
236
235
232

9,048
9,139
9,214
9,377
9,489
9,601
9,672
9,778
9,802
9,775
9,831
10,058

9,159
9,099
9,090
9,112
9,150
9,243
9,293
9,317
9,220
9,244
9,296
9,342

4,364
4,356
4,355
4,378
4,405
4,457
4,539
4,634
4,729
4,789
4,824
4,925

228
224
221
219
218
216
216
215
214
214
214
214

10,010
9,994
9,976
10,000
10,011
10,061
10,094
10,134
10,125
10,093
10,095
10,315

9,252
9,094
9,010
8,974
8,961
9,010
9,010
8,974
8,783
8,719
8,669
8,627

4,885
4,869
4,816
4,783
4,762
4,780
4,812
4,852
4,9 11
4,975
5,005
5,069

212
207
206
207
209
210
210
207
204
199
198
192

10,223
10,180
10,180
10,198
10,178
10,212
10,243
10,328
10,376
10,368
10,427
10,688

Other

Home
improvement
loans

Personal
loans

1968 Jan... .
Feb
Mar....
Apr. . . .
May...
June. . .
July....
Aug, . . .
Sept,. . .
Oct....
Nov.. .
Dec....

24 , 328
24,273
24,283
24,386
24 , 503
24,816
25,070
25,330
25,322
25,480
25,642
26,074

8,498
8,469
8,486
8,541
8,607
8,735
8,874
8,947
8,864
8,901
8,944
9,003

5,047
5,012
5,007
5,014
5,057
5,117
5,137
5,212
5,251
5,308
5,345
5,424

189
185
182
177
173
172
170
161
157
164
165
166

10 594
10,607
10 608
10,654
10,666
10 792
10,889
11,010
11,050
11,107
11,188
11,481

1969 Jan
Feb. ..
Mar....
Apr. . . .
May . . .
June . . .
July....
Aug
Sept. . . .
Oct....
Nov....
Dec. . . .

25,953
25,959
25,971
26,159
26,408
26,769
27,021
27,246
27,304
27,441
27,575
27,846

8,938
8,919
8,917 ,
8,997
9,125
9,293
9,362
9,365
9,322
9,427
9,431
9,412

5,425
5,424
5,420
5,444
5 492
5,594
5,635
5,677
5,713
5,739
5,735
5,775

166
166
166
168
169
172
173
172
175
174
174
174

11,424
11,450
11,468
11,550
11 622
11,710
11,851
12,032
12,094
12,101
12,235
12,485

1970 Jan
Feb. . . .
Mar....
Apr. . . .
May . . .
June. . .
July....
Aug
Sept
Oct. . . .
Nov....
Dec. . . .

27,612
27,508
27,330
27,361
27,348
27,543
27,297
27,459
27 , 547
27,587
27,535
27,678

9,293
9,207
9,144
9,187
9,197
9,250
9,037
9,131
9,196
9,194
9,162
9,044

176
174
174
174
174
174
177
179
181
197
199
199

12,381
12,370
12,303
12,316
12,279
12,380
12,413
12,460
12,462
12,473
12,520
12,734

NOTE.Finance companies consist of those institutions formerly classified


as sales finance, consumer finance, and other finance companies.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Total

Mobile
homes

232
214
192
166
174
199

4,343
4,925
5,069
5,424
5,775
2,464
3,237

End of month

1102

5,762
5,757
5,709
5,684
5,698
3,412
2,327
2,371
3,299
3,282
2,407
3,263
2,445
3,266
2,457
3,187
2,467
2,464
3,237

CONSUMER
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


E. OTHER FINANCIAL INSTITUTIONS, 1919-64
[In millions of dollars]

End of period

Total

Automobile
paper

. .

72
84
95
105
123
153

2
2
2
2
4
6

....

192
234
290
370
470

9
12
15
19
22

1930
1931
1932
1933
1934

479
462
403
367
404

1935
1936
1937
1938
1939
1940
1941
1942
1943
1944

1919
1920
1921
1922
1923
1924

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

70
82
93
103
119
147

1
1

183
221
274
350
447

24
22
22
22
28

3
6
8
9
11

452
434
373
336
364

471
572
683
703
789

34
44
54
63
81

12
16
16
21
24

3
6
9
12
15

422
506
604
607
669

891
957
726
629
650

102
122
65
49
51

30
36
27
17
19

16
14
14
11
11

743
785
620
552
569

1945
1946
1947
1948
1949

731
991
1,275
1,580
1,874

54
77
130
198
259

20
34
69
103
146

14
22
39
60
93

643
858
1,037
1,219
1,376

1950
1951
1952
1953
1954

2,296
2,699
3,346
4,038
4,510

360
373
452
538
539

200
233
310
370
375

121
134
188
247
282

1,615
1,959
2,396
2 883
3,314

1955
1956
1957
1958
1959

5,350
6,083
6,748
7,035
8,024

763
954
1,114
1,152
1,400

530
624
588
565
681

327
404
490
595
698

3,730
4,101
4,555
4,723
5,244

I960
1961
1962
1963
1964

9,238
10,136
11,468
13,166
15,199

1,675
1,840
2,150
2,498
2 895

791
797
841
949
1,176

802
837
824
846
913

5,970
6,662
7 653
8 873
10 215

1940 jan.
Feb
Mar
Apr
May
June
July
AUK
Sept
Oct
Nov
Dec

791
794
807
816
831
847
854
863
868
870
869
891

81
84
85
87
92
96
97
97
99
100
100
102

24
25
25
26
28
29
29
30
30
30
29
30

16
15
15
15
14
14
14
15
16
16
15
16

670
670
682
688
697
708
714
721
723
724
725
743

1941 Jan
Feb.
Mar
Apr.
May
June . . .
July
Aug
Sept ...
Oct
Nov
Dec

888
891
902
924
941
957
970
978
971
962
955
957

103
105
108
112
117
123
127
127
127
126
124
122

29
29
30
33
35
35
36
37
37
37
35
36

15
15
13
14
14
14
14
14
14
14
14
14

741
742
751
765
775
785
793
800
793
785
782
785

1925
1926
1927
1928
1929

. .

For note see last page of Part E of this table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1103

End of month

1942Jan
Feb
Mar.
Apr.
May .
June
July
Aug. . .
Sent
Oct.
Nov
Dec
1943_jan
Feb
Mar.
Apr
May
June
July
Aug
Sept. .
Oct
Nov.
Dec

Total

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

933
917
913
900
877
857
837
810
787
759
739
726

116
111
108
104
100
95
91
87
83
76
71
65

36
37
36
36
35
34
33
29
29
28
27
27

12
12
12
12
12
12
12
12
12
13
14
14

769
757
757
748
730
716
701
682
663
642
627
620

693
668
667
651
630
635
622
613
614
608
608
629

60
58
57
54
52
51
49
49
49
49
48
49

25
24
24
23
20
20
20
17
18
17
17
17

15
14
13
13
13
13
13
12
12
11
11
11

593
572
573
561
545
551
540
535
535
531
532
552

1944 jan
Feb
Mar
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec.

612
605
626
617
617
623
623
620
621
617
620
650

48
47
49
48
48
49
49
49
49
49
49
51

17
17
17
17
17
17
17
17
17
17
17
19

11
1[
H
10
10
H
10
11
10
10
10
11

536
530
549
542
542
546
547
543
545
541
544
569

1945 Jan.
Feb
Mar
Apr.
May
June
July
Aug
Sent.
Oct
Nov
Dec.

637
628
642
641
646
654
658
655
653
663
682
731

49
47
48
48
47
46
48
48
48
48
50
54

18
18
18
17
17
17
18
18
18
19
19
20

11
11
11
10
11
12
12
12
12
13
13
14

559
552
565
566
571
579
580
577
575
583
600
643

1946 jan
Feb
Mar.
Apr
May
June
July
Aug
Sect.
Oct
Nov
Dec
1947_jan
Feb
Mar
Apr.
May
June
July
Aug
Sept.. .
Oct.
Nov
Dec.

731
739
757
782
800
822
842
867
882
906
934
991

55
56
57
59
61
64
66
68
70
73
74
77

20
20
21
23
25
26
27
28
30
32
35
34

14
14
15
15
15
16
17
18
18
20
22
22

642
649
664
685
699
716
732
753
764
781
803
858

,008
,017
036
,064
088
107
,132
,150
,150
168
,205
,275

80
82
85
91
98
103
108
112
115
118
122
130

36
37
41
42
47
50
54
55
57
59
63
69

24
24
24
26
27
27
28
30
32
35
38
39

868
874
886
905
916
927
942
953
946
956
982
1 037

. .

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


E. OTHER FINANCIAL INSTITUTIONS, 1919-64Continued
[In millions of dollars]

Other
consumer
goods
paper

Home
improvement
loans

286
'301
,334
360
,389
419
450
474
501
504
524
580

133
137
144
151
157
165
174
181
188
190
194
198

72
73
77
80
86
87
88
91
96
96
100
103

38
39
40
42
45
46
48
51
54
56
59
60

1 043
052
,073
087
,101
121
140
151
163
162
171
219

1954 Jan
Feb
Mar
Apr
May
June
July

572
567
583
,606
629
661
694
721
'746
759
*799
874

198
200
204
211
215
224
229
236
242
248
253
259

102
100
102
105
113
116
125
128
132
134
138
146

61
62
64
65
69
72
72
77
82
84
90
93

211
205
*2 13
,225
232
249
268
280
290
293
318
376

1955=-Jan

878
881
911
940
,992
2048
2 105
2*154
2,173
2 209
2,237
2296

263
267
279
290
302
320
336
345
352
354
355
360

146
146
148
151
158
165
171
184
192
197
196
200

94
95
96
98
104
105
110
113
115
120
125
121

375
'373
388
401
,428
458
488
512
,514
538
,561
615

1956 Jan
Feb

355
354
358
357
366
368
370
376
376
373
370
373

201
198
200
198
198
199
203
210
219
220
223
233

119
119
120
120
124
123
125
127
129
130
134
134

624
640
671
688
717
748
778
,804
838
S38
880
,959

1957

Sent
Oct
Nov
Dec

2299
2*31 1
2 349
2 363
2405
2438
2 476
2,517
2 562
2 561
2*607
2,699

Jan
Feb
Mar
Apr
May
June
July
A uc
Sent
Oct
Nov
Dec

2 704
2 727
2*760
2 822
2*902
2995
3 062
3 1 16
3 155
3*198
3 239
3 346

369
371
374
383
398
413
422
429
434
442
444
452

232
235
239
250
257
271
280
283
291
298
301
310

132
134
134
137
145
151
156
162
171
177
185
188

971
987
2013
2052
2 102
2 160
2204
2*242
2259
2281
2 309
2 396

Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct ....
Nov . .
Dec

3 390

457
462
478
494
506
522
531
537
543
545
539
538

314
317
323
330
335
341
347
350
357
357
363
370

189
189
194
198
206
211
217
223
231
238
246
247

2430
2,433
2487
2,532
2 572
2627
2683
2 717
2 744
2,756
2,795
2883

End of month

1948

Jan

Feb
Mar

Apr
May
June
July

AUK
Sent

Oct
Nov

Dec
1949

Jan

Feb
Mar
Apr ..

May
June
July

Auc
Sept

Oct
Nov
Dec
1950Jan

Feb
Mar
Apr
May . .
June
July

Aue
Sept

Oct
Nov

Dec
1951

Jan

Feb
Mar
Apr
May
June
July

AUK

1952

1953

Home

Automobile
paper

Total

3401
3 482
3,554
3 619
3 701
3 778
3 827
3 875
3896
3*943
4*038

Personal
loans

523
518
518
523
526
535
539
543
543
540
538
539

361
357
354
352
351
352
349
349
355
362
364
375

245
246 |
249
252
261
264
266
271
276
278
283
282

2 876
2892
2,921
2,968
3,002
3,051
1 090
3,121
3,155
3,171
3,217
3 314

4,501
4549
4,627
4,718
4,801

4911
4,962
5040
5,104
5,140
5,213
5,350

541
558
583
604
627
651
672
696
716
732
746
763

372
375
382
399
410
436
447
464
478
490
506
530

276
276
276
277
284
289
291
100
308
315
323
327

3,312
3 340
3,386
3,438
3480
3 535
3,553
3 581
3,601
3 603
3,638
3 730

5,339
5,393
5466
5*533
5,614
5,691
5,753
5 845
5,875
5,908
5,978
6,083

766
784
802
823
846
870
887
908
920
932
944
954

532
542
552
557
570
581
590
604
608
616
620
624

120
333
347
355
359
"470
380
390
401
404

3 720
3,745
3 784
3,820
3,851
3,886
3 917
3*964
3\966
3,971
4,012
4,101

6,057
6,098
6,141
6224
6,300
6,381
6,470
6,558
6,582
6604
6,636
6,748

951
961
973
993
,013
,039
,061
,082
,091
104
,109
,114

612
609
603
606
608
609
608
609
603
598
588
588

402
408
416
421
436
443
450
465
473
479
488
490

4093
4,121
4,150
4205
4,243
4,291
4,351
4,403
4,414
4,424
4,451
4,555

6,703
6686
6,662
6705
6,726
6,760
6,792
6841
6*851
6,863
6,900
7,035

,098
093
,089
100
,108
,115
,124
,135
137
,139
,141
,152

574
563
552
550
547
546
550
551
553
555
565

496
497
500
504
52,1
529
535
551
566
575
588
595

4,536
4,533
4,520
4,551
4,549
4,571
4,586
4,607
4,598
4,594
4,615
4,723

6,985
7,011
7,059
7,123
,.
7,199
... .
7,309
7 398
7*564
7,660
7,732
7,836
8,024

,145
,154
,172
,194
,217
,251
274
,315
,342
,360
,379
,400

559
564
571
583
595
611
621
637
643
651
661
681

584
589
596
602
619
631
641
661
674
680
693
698

4,697
4,705
4,720
4,745
4,766
4,815
4,863
4,952
5,002
5,041
5,103
5,244

Sept
Oct
Nov
Dec

Feb
Mar
Apr
May
June
July

AUK
Sept

Oct
Nov

Dec

Mar
Apr
May....
June
JU|y

AUK
Sept
Oct
Nov
Dec
jan
Feb
Mar

Apr
May
June

July
Aug
Sept

Oct
Nov
Dec

1958 Jan

Feb
Mar

Apr
May.
June
July

Aug
Sept
Oct
Nov
Dec
1959

1104

jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

Other
'rnPercon- ' pt ovesonal
sumer
ment
loans
goods
loans ,
paper

4005
4,013
4,042
4,095
4,140
4,202
4,244
4,284
4,329
4,351
4,402
4,510

AUK

For note see following page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Total

End of month

Automobile
paper

547

322
\29

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


E. OTHER FINANCIAL INSTITUTIONS, 1919-64Continued
[In millions of dollars]

End of month

Total

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

I960 Jan
Feb
Mar. .
Apr. . . .
May
June
July
Aug
Sept
Oct. . . .
Nov
Dec

8,008
8,062
8,149
8,275
8,389
8,511
8,696
8,857
8,940
8,998
9,074
9,238

1,399
1,413
1,441
1,478
1,506
1,544
1,568
1,603
1,618
1,637
1,656
1,675

677
685
694
705
721
741
755
769
784
782
783
791

695
704
717
726
747
755
766
781
790
794
801
802

5,237
5,260
5,298
5,367
5,415
5,472
5,607
5,704
5,748
5,785
5,834
5,970

1961 jan
Feb
Mar
Apr.
May
June
July . . .
Aue
Sept
Oct.
Nov
Dec

9,194
9,203
9,246
9,304
9,398
9,523
9,583
9,720
9,769
9,846
9,938
10,136

1,658
1,659
1,668
1,682
1,705
1,740
1,752
1,778
1,789
1,799
1,822
1,840

777
768
761
757
760
767
768
781
781
787
785
797

793
790
794
791
805
809
804
829
834
832
837
837

5,966
5,986
6,023
6,074
6,128
6,207
6,259
6,332
6,365
6,428
6,492
6,662

1962 Jan
Feb
Mar
Apr
May
June

10,072
10,102
10,192
10,341
10,495
10,660

1,823
1,830
1,856
1,900
1,936
1,981

788
788
786
790
796
809

822
810
810
805
819
823

6,639
6,674
6,740
6,846
6,944
7,047

End of month

1962 July
Aug.. .
Sept
Oct
Nov
Dec. . .
1963 Jan.
Feb. .
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov.
Dec.

Ne>TE.-=Institutions represented are consumer finance companies, credit


unions^ industrial loan companies, mutual savings banks, savings and loan

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Total

1105

1964 jan.
Feb, .
Mar
Apr.
May
June . .
July
Aug
Sept. .
Oct. . . . . . .
Nov
Dec

....

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

10,788
10,973
11,052
11,122
11,259
11,468

2,016
2,063
2,079
2,103
2,126
2,150

814
824
827
829
829
841

821
832
829
826
827
824

7,137
7,254
7,317
7,364
7,477
7,653

11,447
11,496
11,584
11,751
11,928
12,133
12,284
12,494
12,637
12,788
12,917
13,166

2,139
2,151
2,176
2,222
2,270
2,320
2,358
2,396
2,416
2,447
2,467
2,498

841
841
839
850
862
881
890
903
910
927
931
949

814
804
807
806
821
829
831
849
848
851
850
846

7,653
7,700
7,762
7,873
7,975
8,103
8,205
8,346
8,463
8,563
8,669
8,873

13,179
13,257
13,362
13,550
13,758
13,977
14,165
14,388
14,578
14,694
14,857
15,199

2,491
2,505
2,527
2,577
2,629
2,684
2,727
2,773
2,802
2,830
2,851
2,895

954
962
973
991
,011
,034
,058
,078
,098
1,119
1,137
1,176

844
843
845
845
862
865
875
893
900
906
912
913

8,890
8,947
9,017
9,137
9,256
9,394
9,505
9,644
9,778
9,839
9,957
10,215

associations, and other lending institutions holding consumer instalment


loans except commercial banks and sales finance companies.

CONSUMER CREDIT
16.3

TYPES OF INSTALMENT CREDIT HELD BY MAJOR LENDERSContinued


F. OTHER FINANCIAL LENDERS, 1965-70
[In millions of dollars]
Total
instalment
credit

Automobile
paper

Other
consumer
goods
paper

Home
improvement
loans

Personal
loans

8,289
9,315
10,216
11,717
13,722
15,088

3,036
3,411
3,678
4,238
4,941
5,116

498
588
654
771
951
1,177

933
980
1,085
1 215
1,443
1,800

3,822
4,336
4,799
5,493
6,387
6,995

7,134
7,164
7,280
7,439
7,601
7,762
7,839
7,986
8,053
8,101
8,217
8,289

2,567
2,582
2,633
2,699
2,759
2,825
2,863
2,914
2,940
2,965
2,997
3,036

419
422
430
441
450
461
473
480
484
487
493
498

871
860
865
872
885
895
901
915
920
925
932
933

3,277
3,300
3,352
3,427
3,507
3,581
3,602
3,677
3,709
3,724
3,795
3,822

8,225
8,266
8,372
8,466
8,630
8 786
8 856
9,032
9 099
9,140
9,268
9 315

3,005
3,021
3,066
3,102
3,156
3 221
3,248
3,308
3 337
3,348
3,385
3,411

492
503
510
518
526
545
549
560
565
577
583
588

928
926
928
922
941
949
958
976
979
972
985
980

3,800
3,816
3,868
3,924
4,007
4 071
4,101
4,188
4,218
4,243
4,315
4,336

9,214
9,211
9,286
9,352
. 9,546
9,716
9,743
9,931
9,972
10,034
10,156
10,216

3,371
3,361
3,390
3,416
3,470
3,534
3,546
3,601
3,614
3,627
3,657
3,678

581
581
586
592
602
614
625
636
640
642
649
654

974
973
977
976
,003
,014
,019
,044
,050
,063
,081
,085

4,288
4,296
4,333
4,368
4,471
4,554
4,553
4,650
4,668
4,702
4,769
4,799

End of period

1965
1966
1967
1968
1969
1970
1965Jan
Feb.
Mar.
Apr...
May
June .
July
Aug.
Sept.
Oct
Nov
Dec,
1966 Jan.
Feb
Mar.
Apr. . .
May
June
July
Aug.
Sent
Oct.
Nov.
Dec
1967_jan
Feb
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct
Nov,
Dec

,.,

Total
instalment
credit

Automobile
paper

1968 Jan
Feb.
Mar
Apr.
May
June
July
Aug. .
Sept
Oct.
Nov
Dec

10,145
10 207
10,290
10 406
10 672
10,830
10 963
11,195
11,312
11 438
1 1 , 594
11,717

3,647
3 665
3,700
3 755
3 837
3,909
3 967
4,043
4,088
4 139
4,188
4,238

648
651
658
677
691
704
712
726
734
753
762
771

1,080
I 086
I 088
1 084
1 117
1,124
^ 143
I 173
1, ,188
1 192
1,213
1,215

4,770
4 805
4 844
4 890
5 027
5,093
5 141
5,253
5,302
5 354
5,431
5,493

1969 Jan
Feb
Mar.
Apr.
May
June
July
Aug. .
Sept
Oct.
Nov
Dec

11 669
1 1 , 796
11 972
12 209
12,533
12,799
12 929
13,199
1 3 , 374
13 502
13,653
13,722

4,224
4,263
4 331
4,426
4,528
4,631
4 671
4,758
4,817
4,864
4,904
4,941

768
785
798
816
845
865
875
903
915
924
944
951

1,219
1,237
1 252
1,273
1,317
1,346
1,352
1,384
1,410
1,423
1,445
1,443

5,458
5,511
5 591
5,694
5,843
5,957
6,031
6,154
6,232
6,291
6,360
6,387

13 607
13 662
1 3 , 728
13 861
14,089
14,348
14 547
14,738
14,886
14 931
15,025
15,088

4 881
4,868
4,877
4 906
4,958
5,042
5,074
5,116
5,142
5,129
5,121
5,116

955
973
991
1,020
1,053
1,087
1,112
1,126
1,151
1,154
1,171
1,177

1 455
1.477
1,493
1,510
,557
,593
,642
,680
,716
,745
,782
,800

6 316
6,344
6,367
6,425
6,521
6,626
6,719
6,816
6,877
6,903
6,951
6,995

End of month

1970=-Jan
Feb
Mar
Apr.
May
June
July
Aug.
Sept
Oct.
Nov.
Dec

NOTE.Other financial lenders consist of credit unions and miscellaneous lenders. Miscellaneous lenders include savings and loan associations and mutual savings banks.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1106

. .

. . .
.

. .

Other
Home
con- improvesumer
ment
goods
loans
paper j

Personal
loans

CONSUMER CREDIT
16.4 NONINSTALMENT CREDIT OUTSTANDINGMAJOR TYPES, BY MAJOR HOLDERS, 1919-70
[In millions of dollars]
Singlepayment
loans
End of
period

Total

Commercial
banks

Singlepayment
loans

Charge accounts

Other
finanDeOther
cial
partretail Credit
instiment l outlets cards 2
tutions stores

Service
credit

1919
1920
1921
1922
1923
1924

1,842
1,995
2,047
2,119
2,284
2,379

245
285
332
354
432
474

61
69
72
76
80
87

209
227
211
226
238
245

,089
,152
,147
,165
,218
,237

238
262
285
298
316
336

1925
1926
1927
1928
1929

2,600
2,864
3,025
3,323
3,592

577
645
705
817
920

94
100
107
111
120

253
259
254
251
260

,296
,442
,511
,650
1,736

380
418
448
494
556

1930
1931
1932
1933
1934

3,329
2,852
2,354
2,162
2,219

837
589
396
316
364

118
123
109
102
109

248
219
173
171
174

1,585
1,416
,201
,115
,132

541
505
475
458
440

1935
1936
1937
1938
1939

2,373
2,628
2,830
2,684
2,719

441
571
647
615
625

120
127
145
158
162

188
204
215
223
236

,166
,224
,289
,180
,178

458
502
534
508
518

1940
1941
1942
1943
1944.

2,824
3,087
2,817
2,765
2,935

636
693
593
521
553

164
152
120
92
71

251
275
217
217
256

,220
,370
,227
,223
,261

553
597
660
712
794

1945
1946
1947
1948
1949.

3,203
4,212
4,903
5,451
5,774

674
,008
,203
,261
,334

72
114
153
184
198

290
452
532
575
587

,322
,624
1,821
2,098
2,208

28
49
59

845
,014
,166
,284
,388

1950
1951
1952
1953.
1954

6,768
7,418
8,117
8,388
8,896

,576
,684
,844
,899
2,096

245
250
276
288
312

650
698
728
772
793

2,641
2,907
3,283
3,352
3,515

76
95
119
150
177

,580
,784
,867
,927
2,003

1955
1956
1957.
1958
1959.

9,924
10,614
11,103
11,487
12,297

2,635
2,843
2,937
3,156
3,582

367
410
427
471
547

862
893
876
907
958

3,717
3,842
3,953
3,808
3,753

216
260
317
345
393

2,127
2,366
2,593
2,800
3,064

1960
1961
1962
1963
1964.

13,173
14,091
15,101
16,253
17,576

3,884
4,413
4,690
5,205
5,950

623
723
766
896
924

941
948
927
983
1,015

3,952
3,907
4,252
4,361
4,572

436
469
505
559
608

3,337
3,631
3,961
4,249
4,507

1965
1966
1967
1968
1969

18,990
19,994
21,355
23,025
24,041

6,690
6,946
7,478
8,374
8,553

981
1,026
1,080
1,158
1,194

1,033 4,691
5,8 12
6,0 41
5,9 66
5,9 36

706
874
1,029
1,227
1,437

4,889
5,336
5,727
6,300
6,921

1970

25,099

8,469

1,206

6,1 63

1,805

7,456

2,561
2,433
2,442
2,490
2,565
2,589
2,539
2,563
2,582
2,628
2,637
2,824

618
612
608
605
606
608
608
612
618
624
630
636

162
159
156
156
156
156
158
158
160
163
163
164

1940Jan.
Feb.
Mar,
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

186
163
166
166
170
167
146
151
177
187
195
251

1,066
958
960
,001
,054
,073
,046
,056
,045
,082
,088
,220

529
541
552
562
579
585
581
586
582
572
561
553

For notes see end of table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1107

Charge accounts

End of
month

Total

1941 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

2,671
2,552
2,568
2,670
2,792
2,829
2,802
2,859
2,913
2,928
2,897
3,087

636
634
633
641
658
665
663
663
666
675
685
693

165
165
162
165
168
167
166
165
164
161
157
152

200
176
175
188
191
187
166
182
211
216
219
275

1,110
1,001
1,009
1,077
1,157
1,184
1,182
1,224
1,246
1,260
1,230
1,370

560
576
589
599
618
626
625
625
626
616
606
597

1942 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec,

2,955
2,801
2,783
2,817
2,830
2,758
2,656
2,631
2,666
2,716
2,687
2,817

684
678
674
666
653
640
628
621
614
608
604
593

149
145
142
137
135
131
131
129
128
126
124
120

234
207
210
213
197
165
127
127
150
162
167
217

1,282
1,153
1,133
1,170
1,191
1,163
1,117
1,100
,117
,166
,133
,227

606
618
624
631
654
659
653
654
657
654
659
660

1943Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

2,638
2,543
2,541
2,601
2,636
2,641
2,569
2,537
2,582
2,642
2,657
2,765

582
567
561
560
557
546
528
522
539
554
554
521

118
115
112
111
108
106
103
99
98
96
93
92

166
156
154
156
150
152
127
125
148
162
179
217

,109
,023
,019
,067
,090
,100
,083
,066
,075
,115
,116
1,223

663
682
695
707
731
737
728
725
722
715
715
712

1944 Jan.
Feb.
Mar.
Apr,
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

2,570
2,457
2,497
2,563
2,672
2,707
2,653
2,649
2,683
2,723
2,764
2,935

499
484
486
502
525
555
556
553
547
552
553
553

90
88
86
86
83
82
80
79
76
75
73
71

163
142
158
157
163
156
134
139
163
180
204
256

1,105
1,006
1,015
1,053
1,102
1,106
1,085
1,082
,104
,128
,140
,261

713
737
752
765
799
808
798
796
793
788
794
794

1945 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

2,751
2,623
2,691
2,690
2,771
2,825
2,780
2,768
2,776
2,876
2,968
3,203

550
547
547
567
595
626
633
628
618
622
642
674

70
70
70
70
70
71
69
69
69
70
71
72

194
169
193
177
175
177
152
152
171
199
227
290

,149
,028
,062
,050
,077
,091
,078
,078
,082
,152
,188
,322

788
809
819
826
854
860
848
841
836
833
840
845

1946 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

3,086
3,046
3,172
3,331
3,469
3,515
3,482
3,597
3,693
3,812
3,949
4,212

702
730
759
787
808
823
840
864
893
926
964
1,008

76
78
82
85
89
92
96
101
104
107
112
114

217
201
228
252
259
267
239
255
291
315
354
452

,246
,160
,191
,273
,333
,338
,322
,388
,413
,473
,515
,624

845
877
912
934
980
995
985
989
992
991
1,004
1,014

Commercial
banks

Other
Service
finanDeOther
credit
cial
partretail Credit2
instiment1 outlets cards
tutions stores

CONSUMER CREDIT
16.4 NONINSTALMENT CREDIT OUTSTANDINGMAJOR TYPES, BY MAJOR HOLDERS, 1919-70Continued
[In millions of dollars]
Singlepayment
loans
End of
month

Total

1947 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

4,008
3,894
3,972
4,086
4,251
4,276
4,214
4,225
4,351
4,485
4,579
4,903

1948 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

4,654
4,474
4 ,556
4,689
4,826
4,900
4,848
4,842
4,949
5,056
5,111
5 t 451

Commercial
banks

353
310
323
329
337
333
294
293
336
365
412
532

1,476
1,351
1,374
1,448
1,538
1,524
1,493
1,485
1,544
1,630
1,6 55
1,821

1,219
1,229
1,237
1,242
1,252
1 ,261
1,255
1,254
1,249
1,251
1,254
1,261

148
154
163
162
177
176
168
168
181
174
186
184

416
366
385
387
390
390
339
336
383
421
448
575

,702
,528
,552
1,649
,732
1,786
1,793
1,783
1,832
1,908
1,930
2,098

450
383
371
389
392
384
336
332
375
393
438
587

,930
,720
,697
,823
,874
,888
,833
,838
,903
,9 76
2,013
2,208

End of
month

28

1,020
1,054
1,085
1,106
1,152
1,172
1,165
1,166
1,172
1,166
1,170
1,166

1953 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

7,744
7,351
7,388
7 S 556
7,750
7,693
7,507
7,548
7,616
7,734
7,763
8,388

1,878
1,887
1,960
1,984
1,985
1,922
1,839
1,888
1,883
1,901
1,839
1,899

293
257
281
291
341
302
271
280
289
277
316
288

586
3,1 JO
503
2,8 *3
492
2,782
487
2,896
498
3,002
492
3,038
458
2,995
454
2,9 $4
501
2 ,973
3 5 0 *8
525
580 !
3,0 S9
150
772 3,352

1,857
1,871
,873
,898
,924
,939
,944
,962
,970
,943
,939
,927

49

1,169
1,197
1,219
1,249
1,275
1,287
1,293
1,301
1,304
1,302
1,293
1,284

1954 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

7,912
7,523
7,394
7,631
7,822
7,851
7,773
7,721
1,192
7,932
8,120
8,896

1,880
1,841
1,845
1,883
1,918
1,977
1,991
1,989
2,002
2,074
2,057
2,096

258
267
281
275
367
329
289 i
301
314
285
334
312

627
3,160
544 !
2,852
2,7 57
500 i
2,930
519
517
3,010
514
3,0M
3,050
464
462
3,006
3,021
505
536
3,1 04
3,189
_
596
177
793 3,515

1,987
2,019
2, OH
2,024
2 ( OU)
1,984
1,979
1,963
1,950
1,933
1,944
2,003

59

1,288
1,305
1,322
1,354
1,372
1,381
1,386
1,385
1,394
1,391
1,384
1,388

1955 Jan,
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

8,426
8,151
8,048
8,320
8,491
8,624
8,470
8,545
8,666
8,803
9,078
9,924

2,064
2,108
2,144
2,202
2,244
2,356
2,354
2,396
2,417
2,479
2,552
2,635

301
323
350
314
377
370
309
333
366
331
388
367

648
556
527
547
554
540
494
495
542
587
645
862

3,338
3,009
2,908
3,117
3,205
3,256
3,225
3,?.49
3,289
3,574
3,434
_
2\6
3,717

2,075
2,155
2,119
2,140
2,111
2,102
2,088
2,072
2,052
2,032
2,059
2,127

76

1,383
1,405
1,420
1,469
1,500
1,531
1,563
1,568
1,578
1,561
1,560
1,580

1956 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

9,383
8,997
9,076
9,222
9,527
9,617
9,402
9,446
9,609
9,591
9,861
10,614

2,635
2,630
2,688
2,731
2,780
2,814
2,811
2,811
2,833
2,785
2,774
2,843

288
303
361
356
471
426
347
372
406
384
484
410

706
596
579
573
585
573
522
529
586
610
670
893

3,525
3,191
3,152
3,223
3,381
3,504
3,436
3,464
3,505
3,570
3,657
260
3,842

2,229
2,277
2,296
2,339
2,310
2,300
2,286
2,270
2,279
2,242
2,276
2,366

1957Jan.
Feb.
Mar.
'
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

10,052
9,703
9,615
9,889
10,174
10,221
10,070
10,150
10,163
10,120
10,280
11,103

2,817
2,828
2,839
2,872
2,934
2,954
2,910
2,903
2,911
2,881
2,877
2,937

388
414
452
432
503
462
418
445
454
411
438
427

723
611
566
592
593
579
533
535
588
612
658
876

3,721
3,369
3,261
3,448
3,618
3,693
3,696
3,7 37
3,708
3,7 51
3,800
317
3,953

2,403
2,481
2,497
2,545
2,526
2,533
2,513
2,510
2,502
2,465
2,507
2,593

1958 Jan.
Feb.
Mar.

10,588
10,097
9,903
10,096
10,374
10,410
10,248
10,332
10,395
10,449
10,630
11,487

2,909
2,908
2,904
2,926
2,972
3,045
3,022
3,042
3,034
3,054
3,087
3,156

453
464
465
438
480
454
420
456
485
443
477
471

725
601
573
580
584
575
533
546
600
623
669
907

3,544
3,111
2,945
3,108
3,313
3,304
3,242
3,230
3,228
3 ,329
3,364
3,808

2,629
2,701
2,707
2,733
2,718
2,709
2,692
2,698
2,686
2,653
2,696
2,800

1949Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

5,110
4,847
4,822
4,985
5,074
5,094
4,993
5,002
5,134
5,239
5,354
5,774

1,265
1,260
1,248
1,235
1,235
1,245
1,254
1,262
1,265
1,287
1,308
1,334

177
179
184
184
201
196
184
185
197
192
211
198

1950 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

5,418
5,177
5,221
5,433
5,664
5,755
5,909
6,038
6,155
6,213
6,307
6,768

1,340
1,346
1,357
1,392
1,422
1,442
1,445
1,448
1,471
1,510
1,551
1,576

186
181
189
184
224
201
224
235
227
260
320
245

459
394
383
394
403
400
380
395
434
448
484
650

2,050
1,851
1,872
1,994
2,115
2 , 181
2,297
2,392
2,445
2,434
2,3 92
2,641

1951Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

6,603
6,418
6,479
6,502
6,653
6,650
6,524
6,542
6,651
6,818
6,986
7,418

1,598
1,622
1 648
1,664
1,673
1,678
1,663
1,661
1,660
1,667
1,672
1,684

228
240
258
259
300
260
261
255
252
264
305
250

556
489
473
457
465
452
407
409
449
481
538
698

2,633
2,4U7
2,4L36
2,4[25
2,491
2 , f 03
2,423
2,4t47
2,4t97
2,633
2,'?05
2,907 I

95

1,588
1,630
1,664
1,697
1,724
1,757
1,770
1,770
1,793
1,773
1,766
1,784

1952 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

7,040
6,836
6,787
6,971
7,186
7,214
7,102
7,123
7,222
7,365
7,506
8,117

1,717
1,742
1,758
1,769
1,777
1,798
1,791
1,789
1,789
1,796
1,814
1,844

224
245
251
252
296
275
248
251
258
249
312
276

564
490
466
481
485
478
428
432
471
511
549
728

2,760
2,543
2,'178
2,620
2,768
2,'789
2,'757
2,768
2, *15
2,941
2, (>66
119
3,283

1,775
1,816
1,834
1,849
1,860
1,874
1,878
1,883
1,889
1,868
1,865
1,867

May
June
July
Aug
Sept
Oct.
Nov
Dec.

For notes see following page.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Charge accounts

Service
credit

Other
DeOther
finanpartretail Credit
cial
ment outlets cards 2
institutions stores i
117
118
120
123
126
127
124
129
136
146
150
153

1,042
1,061
1,070
1,080
1,098
1,120
1,138
1,152
1,163
1,178
1,192
1,203

Singlepayment
loans

Charge accounts

1108

Total

Comrnercial
banks

Other
Service
finanDeOther
credit
cial
partretail Credit2
ment l outlets cards
instij
tutions stores .

328
312
309
311
307
323
339
360
362
347
337
345

CONSUMER CREDIT
16.4

NONINSTALMENT CREDIT OUTSTANDINGMAJOR TYPES, BY MAJOR HOLDERS, 1919-70Continued


[In millions of dollars]
Singlepayment
loans
End of
month

Total

Commercial
banks

Singlepayment
loans

Charge accounts

Other
DeOther
financial
partretail Credit
instiment outlets cards 2
tutions stores i

Service
credit

End of
month

Total

Commercial
banks

Other
Service
DeOther
financredit
partretail Credit2
cial
ment outlets cards
institutions stores i

1959 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

11,086
10,764
10,714
10,925
11,219
11,322
11,203
11,244
11,284
11,310
11,503
12,297

3,139
3,189
3,218
3,306
3,356
3,440
3,434
3,461
3,489
3,500
3,514
3,582

442
486
511
483
541
522
493
538
557
512
561
547

757
637
608
601
609
599
558
561
605
646
716
958

3,533
3,163
3,083
3,193
3,387
3,434
3,380
3,325
3,287
3,358
3,363
3,753

358
349
349
351
345
353
382
395
396
374
380
393

2,857
2,940
2,945
2,991
2,981
2,974
2,956
2,964
2,950
2,920
2,969
3,064

1965 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct,
Nov.
Dec.

17,155
16,773
16,681
17,149
17,456
17,587
17,525
17,469
17,511
17,691
17,937
18,990

5,947
6,028
6,133
6,243
6,342
6,477
6,493
6,532
6,572
6,616
6,641
6,690

996
989
995
996
1,009
1,008
995
1,001
993
983
988
981

1960 Jan.
Feb.
Mar.
Apr,
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec,

11,807
11,532
11,445
11,889
12,086
12,167
12,032
12,019
12,085
12,132
12,318
13,173

3,543
3,572
3,591
3,675
3,690
3,754
3,747
3,752
3,824
3,813
3,844
3,884

516
574
634
605
696
630
626
649
636
619
634
623

824
685
622
656
646
633
584
584
625
661
709
941

3,408
3,110
3,006
3,289
3,398
3,488
3,397
3,349
3,328
3,406
3,463
3,952

393
385
388
383
391
408
432
457
458
437
433
436

3,123
3,206
3,204
3,281
3,265
3,254
3,246
3,228
3,214
3,196
3,235
3,337

1966 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

18,577
18,177
18,193
18,592
18,751
18,824
18,691
18,712
18,684
18,744
18,945
19,994

6,692
6,766
6,828
6,878
6,958
6,955
6,915
6,923
6,905
6,875
6,906
6,946

1,097
,101
,100
,090
,104
,088
,069
,067
1,048
1,029
1,036
1,026

1961 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug,
Sept.
Oct.
Nov.
Dec.

12,668
12,266
12,251
12,386
12,612
12,663
12,537
12,640
12,723
12,781
13,134
14,091

3,882
3,927
3,925
3,970
4,028
4,090
4,133
4,161
4,221
4,247
4,312
4,413

620
644
683
615
684
648
599
662
695
647
713
723

810
669
637
631
634
624
574
589
623
656
717
948

3,506
3,085
3,079
3,172
3,321
3,380
3,296
3,280
3,260
3,321
3,424
3,907

438
433
425
426
420
436
457
491
483
471
460
469

3,412
3,508
3,502
3,572
3,525
3,485
3,478
3,457
3,441
3,439
3,508
3,631

1967 Jan. 19,713


Feb. 19,657
Mar. . 19,855
Apr. 20,103
May 20,262
June 20,378
July 20,312
Aug. 20,339
Sept. 20,459
Oct. 20,501
Nov. 20,890
Dec. 21,355

6,893
6,873
6,885
7,007
7,101
7,163
7,212
7,256
7,328
7,358
7,423
7,478

1962 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

13,466
13,121
13,172
13,531
13,847
13,892
13,681
13,785
13,861
13,908
14,113
15,101

4,240
4,294
4,391
4,544
4,614
4,671
4,659
4,653
4,660
4,653
4,669
4,690

684
682
734
671
749
715
692
748
743
702
751
766

804
635
594
620
636
612
569
570
614
638
688
927

3,563
3,185
3,119
3,305
3,496
3,553
3,442
3,483
3,500
3,619
3,696
4,252

479
472
455
450
464
479
500
527
528
511
500
505

3,696
3,853
3,879
3,941
3,888
3,862
3,819
3,804
3,816
3,785
3,809
3,961

1968 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec,

20,825
20,860
21,014
21,309
21,298
21,384
21,336
21,413
21,745
21 ,989
22 , 249
23,025

1963 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

14,612
14,272
14,173
14,461
14,740
14,758
14,649
14,824
14,858
14,970
15,210
16,253

4,685
4,713
4,727
4,793
4,836
4,893
4,895
4,911
4,986
5,030
5,092
5,205

745
764
808
765
832
809
801
899
905
867
892
896

782
657
602
623
635
628
587
617
666
692
728
983

3,862
3,425
3,333
3,561
3,756
3,759
3,708
3,725
3,644
3,778
3,840
4,361

503
498
488
482
494
507
535
561
563
532
529
559

4,035
4,215
4,215
4,237
4,187
4,162
4,123
4,111
4,094
4,071
4,129
4,249

1964 Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

15,727
15,430
15,416
15,682
16,024
16,115
16,023
16,100
16,150
16,220
16,443
17,576

5,162
5,224
5,307
5,420
5,526
5,626
5,653
5,690
5,740
5,751
5,801
5,950

910
790
916
668
914
631
907 !
634
951
657
891
646
854
615
917
634
937
678
725
910
960
778
924 1,015

3,957
3,603
3,517
3,671
3,894
3,967
3,940
3,864
3,825
3,934
3,940
4,572

581
565
545
547
549
583
613
643
643
613
594
608

4,327
4,454
4,502
4,503
4,447
4,402
4,348
4,352
4,327
4,287
4,370
4,507

Includes mail-order houses.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Charge accounts

818
633
548
621
664
667
643
650
669
696
758
1,033

4,128
3,686
3,528
3,780
3,952
3,987
3,949
3,844
3,805
3,956
4,090
4,691

625
606
602
618
630
660
714
744
749
721
705
706

4,641
4,831
4,875
4,891
4,859
4,788
4,731
4,698
4,723
4,719
4,755
4,889

5,050
4,404
4,290
4,584
4,702
4,790
4,707
4,720
4,722
4,822
4,950
5,812

703
708
695
706
724
773
811
848
868
884
874
874

5,035
5,198
5,280
5,334
5,263
5,218
5,189
5,154
5,141
5,134
5,179
5,336

,021
,025
,026
,024
,050
,052
,045
,058
,057
,064
,080
,080

5,421
5,204
5,343
5,452
5,582
5,672
5,524
5,482
5,5 19
5,589
5,833
6,041

892
880
891
909
914
945
1,026
1,077
1,076
1,056
,038
,029

5,486
5,675
5,710
5,711
5,615
5,546
5,505
5,466
5,479
5,434
5,516
5,727

7,494
7,518
7,563
7,678
7,680
7,702
7,757
7,857
7,990
8,107
8,213
8,374

,089
,099
,100
,096
,123
,111
,114
,134
,138
,140
,160
,158

5,277
5,094
5,1 16
5,292
5,340
5,3 70
5,274
5,169
5,328
5,4 38
5,5<U
5,966

,047
,017
,012
,021
,022
,090
,160
,245
,267
,268
,245
,227

5,918
6,132
6,223
6,222
6,133
6,111
6,031
6,008
6,022
5,986
6,087
6,300

1969 Jan.
Feb.
Mar.

22,683
22,702
22,935
23,187
May 23,315
June 23,216
July 22,968
Aug. 22,998
Sept. 23,075
Oct. 23,043
Nov. 23,276
Dec. 24,041

8,300
8,326
8,444
8,557
8,565
8,608
8,526
8,467
8,487
8,455
8,425
8,553

,155
,167
,171
,169
,193
,187
,172
,186
,188
,185
,201
,194

5,533
5,2M
5,325
5,444
5,559
5,458
5,3;19
5,360
5,3<J5
5,4:>1
5,540
5,936

,247
,220
,206
,231
,275
,296
,356
,399
,423
,386
,411
,437

6,448
6,698
6,789
6,786
6,723
6,667
6,585
6,586
6,582
6,566
6,699
6,921

1970 Jan. 23,732


Feb. 23,777
Mar. 23,883
Apr. 23,907
May 23,996
June 24,027
July 23,873
Aug. 23,964
Sept. 24,109
Oct. 24,121
Nov. 24,307
Dec. 25,099

8,508
8,452
8,406
8,431
8,436
8,489
8,452
8,449
8,437
8,393
8,369
8,469

,197
,203
,191
,184
,199
,193
,202
,201
,198
,193
,206
1,206

5,462
5,2119
5,3*W
5,391
5,4S>4
5,533
5,35 8
5,375
5,5; .0
5,6416
5,747
6,163

,462
,477
,482
,470
,516
,547
,671
,810
,817
,777
,771
,805

7,103
7,356
7,460
7,431
7,351
7,265
7,150
7,129
7,137
7,112
7,214
7,456

2
Service station and miscellaneous credit-card accounts and home-heatingoil accounts.

1109

CONSUMER CREDIT
16.5

INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDIT


A.

1940-70: N.S.A.

[In millions of dollars]

Total

Period

Extended

Other consumer
goods paper

Automobile paper

Repaid

Extended

Repaid

Extended

Repaid

Home improvement
loans
Extended

Repaid

Personal loans
Extended

Repaid

8,219
9,425
5,239
4,587
4,894

7,208
8,854
8,158
5,617
4,854

3,086
3,823
1,022
762
930

2,512
3,436
2,738
1,149
888

2,588
2,929
2,176
1,985
1,957

2,381
2,827
2,910
2,361
1,985

328
312
142
102
124

255
307
263 !
227
135

2,217
2,361
1,899
1,738
1,883

2,060
2,284
2,247
1,880
1,846

5,379
8,495
12,713
15,585
18,108

5,093
6,785
10,190
13,284
15,514

999
1,969
3,692
5,217
6,967

941
1,443
2,749
4,123
5,430

2,024
3,077
4,498
5,383
5,865

1,999
2,603
3,645
4,625
5,060

206
423
704
714
734

143
200
391
579
689

2,150
3,026
3,819
4,271
4,542

2,010
2,539
3,405
3,957
4,335

1950 .
1951
1952
1953
1954

21,558
23,576
29,514
31,558
31,051

18,445
22,985
25,405
27,956
30,488

8,530
8,956
11,764
12,981
11,807

7,011
9,058
10,003
10,879
11,833

7,150
7,485
9,186
9,227
9,117

6,057
7,404
7,892
8,622
9,145

835
841
1,217
1,344
1,261

717
772
917
,119
,255

5,043
6,294
7,347
8,006
8,866

4,660
5,751
6,593
7,336
8,255

1955
1956
1957
1958
1959

38,972
39,866
42,019
40,110
48,048

33,634
37,056
39 , 870
40,339
42,603

16,734
15,515
16,465
14,226
17,779

13,082
14,555
15,545
15,415
15,579

10,642
11,721
11,810
11,738
13,981

9,752
10,758
1 1 , 574
11,557
12,402

1 , 393
1,582
1,674
1,871
2,222

,316
,370
,477
,626
1,765

10,203
11,051
12,069
12,275
14,070

9,484
10,373
11,276
11,741
12,857

49,793
49,048
56,191
63,591
70,670

46,073
48,124
51,360
56,825
63,470

17,657
16,029
19,694
22,126
24,046

16,419
16,552
17,447
19,254
21,369

14,525
14,551
15,701
17,920
20,821

13,613
14,235
14,935
16,369
18,666

2 t 215
2,092
2,084
2,186
2,225

1,876
2,015
2,010
2,046
2,086

15,396
16 377
18,710
21,359
23,578

14,165
15,319
16,969
19,156
21,349

78 661
82,832
87,171
99,984
109,146

70,463
77,480
83,988
91,667
99,786

27,208
27,192
26,320
31,083
32,553

23,706
25,619
26,534
27,931
29,974

22,857
26,329
29 , 504
33,507
38,332

20,707
24,080
27,847
31,270
34,645

2,270
2,223
2,369
2,534
2,831

2,112
2,118
2,202
2,303
2,457

26,326
27,088
28,978
32,860
35,430

23,938
25,663
27,405
30,163
32,710

112,158

107,199

29,794

30,137

43,873

40,721

2,963

2,506

35,528

33,835

. ...

530
533
646
711
756
757
674
684
634
724
732
838

546
542
576
581
593
595
610
608
604
650
635
668

198
210
244
279
301
304
272
247
218
265
270
278

179
180
192
192
201
211
217
220
225
232
230
233

150
143
195
222
233
232
188
220
211
237
251
306

194
188
195
194
196
194
197
199
194
207
211
212

18
16
17
25
26
29
31
36
38
34
30
28

19
18
20
20
21
21
23
21
24
29
18
21

164
164
190
185
196
192
183
181
167
188
181
226

154
156
169
175
175
169
173
168
161
182
176
202

....

648
664
822
943
988
919
857
844
681
650
631
778

667
632
736
691
731
746
751
758
768
783
755
836

280
274
360
418
437
431
384
325
252
221
203
238

239
227
284
259
270
299
302
287
324
309
296
340

156
184
223
283
304
254
245
279
239
224
; 234
: 304

225
210
226
217
236
230
235
247
247
254
245
255

23
22
20
28
29
30
28
33
35
28
18
18

25
22
27
24
26
26
26
26
27
27
27
24

189
184
219
214
218
204
200
207
155
177
176
218

178
173
199
191
199
191
188
198
170
193
187
217

484
449
580
506
437
411
388
400
381
389
363
451

773
718
771
731
707
702
673
674
623
627
565
594

125
102
122
97
90
89
89
93
71
55
48
41

287
270
269
254
239
235
227
230
206
191
166
164

! 182
177
233
; 218
183
143
135
149
162
187
176
231

264
242
259
255
256
247
236
232
226
240
223
230

13
12
16
17
14
9
9
9
9
11
10
13

28
25
30
27
27
23
25
22
14
17
11
14

164
158
209
174
150
170
155
149
139
136
129
166

194
181
213
195
185
197
185
190
177
179
165
186

292
302
410
389
364
410
356
369
403
398
413
481

538
509
557
501
477
476
447
428
421
420
417
426

41
46
66
65
66
72
68
73
75
63
63
64

137
124
135
109
98
99
88
80
76
68
67
68

230
207
212
206
205
197
189
180
174
186
189
186

7
6
6
8
9
10
9
9
11
9
10
8

14
24
25
24
21
20
19
19
16
16
16
13

110
114
183
138
129
166
136
139
153
142
144
184

157
154
185
162
153
160
151
149
155
150
145
159

1940
1941
1942
1943
1944

1945
1946
1947
1948
1949

. .

1960
1961
1962
1963
1964

. . .

. . .

1965
1966
1967
1968
1969

....

1970

1940 Jan,
Feb
Mar.
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dec.

. ..

....

1941 Jan.
Feb
Man
Apr
May
June
July

Aug.
Sent
Oct.
Nov.
Dec.
1942Jan
Feb.
Mar
Apr
May
June
July
Aug
Scot.
Oct.
Nov
Dec.
1943 Jan
Feb
Mar
Apr
May
June
July
Aug
Sent.
Oct
Nov
Dec.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

. .

....

....

1110

134
136
155
178
160
162
143
148
164
184
196
225

CONSUMER CREDIT
16.5

INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDITContinued


A.

1940-70: N.S.A.Continued
[In millions of dollars]

Extended
1944 jan
Feb
Mar
Apr
May
June
July

Automobile paper

Total

Month

Repaid

Extended

Repaid

Home improvement
loans

Other consumer
goods paper
Extended

Repaid

Extended

Repaid

Extended

307
323
444
366
419
420
394
410
404
434
448
525

399
384
428
383
409
397
390
406
397
416
417
428

58
60
78
76
91
91
94
89
76
78
71
68

67
63
76
69
77
72
76
81
78
80
76
73

120
123
158
149
163
149
132
154
166
197
205
241

174
167
173
160
166
156
149
156
158
172
176
178

7
7
8
8
9
12
10
13
12
12
12
14

13
11
12
12
12

355
334
472
393
423
445
408
410
420
525
554
640

415
391
441
405
414
417
407
415
405
452
460
471

66
65
85
73
74
87
85
81
84
97
100
102

78
75
80
74
75
80
78
79
75
86
82
79

137
124
172
146
155
155
137
149
154
210
222
263

174
163
174
161
165
158
153
156
152
175
186
182

495
502
620
672
679
661
696
744
721
825
843
1,037

474
456
518
516
538
534
574
582
584
646
645
718

112
112
133
156
161
152
166
178
179
200
193
227

92
92
103
103
112
114
123
127
132
147
138
160

175
179
214
242
247
231
239
256
257
308
322
407

806
790
981
1,020
1,040
1,056
1,029
1,003
1,089
1,167
1,239
1,493

687
673
776
779
811
842
870
842
940
955
952
1,063

232
236
290
306
303
306
315
299
324
341
354
386

164
159
191
209
207
220
247
235
270
280
271
296

1948 Jan
Feb
Mar .
Apr
May
June, ....
July.
AUR
Sept
Oct.. .
Nov
Dec

1,110
1,034
1,360
1,349
1,307
1,363
1,343
1,360
1,390
1,182
1,268
1,519

992
949
1,080
1,050
1,081
. ,164
,137
,142
,167
,134
,160
,228

365
348
480
467
417
454
483
499
487
378
408
431

1949 Jan
Feb
Mar
Apr
May
June. ...
July
AUB
Sept
Oct .
Nov
Dec

1,066
1,097
1,428
1,480
1,568
1,598
1,484
1,636
1,561
1,633
1,666
1,891

,170
,134
,309
,249
,264
,321
,274
,342
,290
,347
,378
,436

372
389
580
599
634
622
607
682
622
642
634
584

AUE . .
Sept
Oct
Nov
Dec
1945 jan
Feb
Mar .
Apr
May
June
July

Sept .
Oct
Nov
Dec
1946Jan
Feb. . .
Mar
Apr
May
June. .
July
Aug .
Sept
Oct .
Nov
Dec . .

..

....

..
. ..

..

..

..
..

. . .

1947 Jan
Feb
Mar
Apr .
May
June
July

AUB. ...
Sept
Oct .
Nov
Dec..

.,

....

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Personal loans
Repaid

10
It
11
12
9
11

122
133
200
133
156
168
158
154
150
147
160
202

145
143
167
142
154
158
155
158
150
152
156
166

11
10
13
15
17
20
17
19
18
22
23
21

10
8
9
14
10
12
12
13
15
12
14
14

141
135
202
159
177
183
169
161
164
196
209
254

153
145
178
156
164
167
164
167
163
179
178
196

191
183
197
202
208
205
215
217
223
245
252
265

20
22
30
33
34
36
37
43
40
46
43
39

12
13
16
16
17
17
17
18
18
20
21
15

188
189
243
241
237
242
254
267
245
271
285
364

179
168
202
195
201
198
219
220
211
234
234
278

266
259
329
347
367
369
328
333
390
424
477
609

269
248
283
274
297
305
298
297
332
329
342
371

36
37
43
54
59
62
62
66
75
80
65
65

19
33
26
23
31
28
30
30
36
47
39
49

272
258
319
313
311
319
324
305
300
322
343
433

235
233
276
273
276
289
295
280
302
299
300
347

282
273
316
317
324
366
359
380
396
355
368
387

372
336
432
458
472
469
429
444
493
428
452
598

356
354
369
369
390
412
387
379
392
403
403
411

51
48
58
70
70
61
58
62
63
60
62
51

56
41
44
41
45
47
49
52
49
51
51
53

322
302
390
354
348
379
373
355
347
316
346
439

298
281
351
323
322
339
342
331
330
325
338
377

380
361
439
420
432
463
445
486
476
500
511
517

330
366
409
452
501
506
440
487
509
557
558
750

397
399
437
417
426
447
408
425
406
432
430
436

39
38
51
52
62
73
55
82
67
75
77
63

62
58
59
52
51
52
57
60
58
59
61
60

325
304
388
377
371
397
382
385
363
359
397
494

331
316
374
360
355
359
364
371
350
356
376
423

1111

CONSUMER CREDIT
16.5

INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDITContinued


A. 1940-70: N.S.A.Continued
[In millions of dollars]

Extended

Repaid

Extended

Home
improvement loans

Other consumer
goods paper

Automobile paper

Total

Month

Extended

Repaid

Repaid

Extended

Repaid

Personal loans
Extended

Repaid

1,414
1,448
1,759
1,668
1,906
2,023
2,079
2,077
2,030
1,762
1,528
1,864

1,405
1,378
,540
,420
,508
,527
,531
,610
,623
,644
,606
,653

576
611
742
688
778
875
901
829
800
661
524
545

518
507
591
532
582
591
580
622
641
640
603
604

428
443
534
525
604
589
652
705
740
630
534
766

463
471
487
455
477
472
497
515
543
565
557
555

53
56
48
58
82
86
90
91
80
80
63
48

62
58
63
58
57
61
67
65
55
62
56
53

357
338
435
397
442
473
436
452
410
391
407
505

362
342
399
375
392
403
387
408
384
377
390
441

,614
,508
,816
,730
,940
,949
1,860
2,248
2,082
2,227
2,172
2,430

,753
,663
,843
,791
,885
,888
1,928
1,995
1,938
2,167
2,052
2,082

582
541
662
675
797
807
780
951
833
830
768
730

672
615
697
677
738
743
784
835
784
892
815
806

523
502
560
511
556
540
490
665
682
754
745
957

595
590
608
600
613
592
594
600
647
665
651
649

51
44
57
61
75
71
72
79
76
93
83
79

66
57
58
59
62
70
63
62
60
74
65
76

458
421
537
483
512
531
518
553
491
550
576
664

420
401
480
455
472
483
487
498
447
536
521
551

1952 Jan
Feb
Mar
Apr
May
June.
July
Aua
Scot
Oct
Nov
Dec

1,926
1,895
2,111
2,258
2,719
2,844
2,644
2,341
2,451
2,764
2,435
3,126

2,099
1,986
2,109
2,056
2,119
2,090
2,188
2,056
2,111
2,217
2,072
2,302

767
754
806
895
1,177
1,251
1,108
860
951
1,107
989
1,099

858
787
830
803
844
838
892
792
842
869
778
870

567
559
639
686
790
806
779
767
798
910
750
1,135

671
652
675
666
645
617
647
648
650
684
664
673

62
64
71
89
109
116
116
118
124
133
114
101

73
65
73
69
68
74
74
80
81
85
85
90

530
518
595
588
643
671
641
596
578
614
582
791

497
482
531
518
562
561
575
536
538
579
545
669

1953

2,382
2,252
2,847
2,730
2,706
2,814
2,746
2,567
2,529
2,643
2,464
2,878

2,199
2,118
2,417
2,329
2,241
2,363
2,326
2,308
2,358
2,457
2,313
2,527

1,006
996
1,227
1,200
1,162
1,162
1,175
1,081
1,045
1,078
935
914

840
802
923
904
859
917
902
918
950
975
912
977

682
605
783
772
778
822
741
723
733
796
764
1,028

711
680
753
748
702
735
691
691
723
753
701
734

91
79
109
109
116
128
126
122
123
129
114
98

96
78
98
89
87
97
98
98
90
101
90
97

603
572
728
649
650
702
704
641
628
640
651
838

552
558
643
588
593
614
635
601
595
628
610
719

1954Jan
Feb
Mar . .
Apr
May
June
July
Aua
Sept
Oct
Nov
Dec

2,035
2,115
2,502
2,514
2,507
2,827
2,685
2,623
2,582
2,607
2,727
3,327

2,402
2,388
2,707
2,467
2,446
2,594
2,528
2,541
2,519
2,529
2,625
2,742

737
761
961
977
979
1,169
1,097
1,056
1,001
972
979
1,118

922
914
1,055
964
936
1,024
979
1,009
989
985
1,027
1,029

608
658
674
710
709
767
734
721
740
806
844
1,146

765
790
833
745
749
762
761
741
736
744
747
772

74
83
101
1104
120
108
109
117
120
111
114
100

89
97
111
100
101
106
101
106
113
105
116
110

616
613
766
723
699
783
745
729
721
718
790
963

626
587
708
658
660
702
687
685
681
695
735
831

1955 Jan
Feb
Mar . .
Apr
May
June
July
AUK
Sept
Oct
Nov . .
Dec

2,506
2,580
3,308
3,263
3,346
3,605
3,264
3,558
3,343
3,191
3,250
3,757

2,562
2,488
2,866
2,718
2,733
2,840
2,732
2,922
2,851
2,940
2,961
3,020

999
1,101
1,479
1,418
1,512
1,656
1,501
1,651
1,500
1,344
1,271
1,302

947
934
1,097
1,032
1,054
,116
,060
,172
,145
,175
,192
,159

703
661
831
854
870
913
836
914
890
911
975
1,285

786
766
840
812
801
808
795
834
814
843
827
826

67
76
99
108
124
129
117
140
138
139
133
123

109
98
118
103
110
109
103
112
110
114
119
111

737
742
899
883
840
907
811
854
814
797
871
1,047

720
690
811
771
768
807
774
804
781
808
824
924

1950Jan
Feb.....
Mar
Apr ...
May
July
AUB
Scot . .
Oct
Nov
Dec

1951Jan
Feb
Mar
Apr
May
June
July
AUK

Scot
Oct
Nov
Dec

Jan
Feb
Mar
Apr
May .
June
July. .
Aua
Sent. ...
Oct
Nov
Dec

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

. ..

1112

CONSUMER CREDIT
16.5

INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDITContinued


A.

1940-70: N.S.A.Continued
[In millions of dollars]

Automobile paper

Total

Month

Extended

Repaid

Extended

Repaid

Other consumer
goods paper
Extended

Repaid

Home improvement
loans
Extended

Repaid

Personal loans
Extended

Repaid

2,878
2,919
3,298
3,328
3,466
3,448
3,334
3,530
3,014
3,430
3,431
3,790

2,996
2,882
3,104
3,016
3,122
3,062
3,091
3,163
2,924
3,294
3,184
3,217

,191
,233
,373
,342
,405
,388
,335
,389
,152
,287
,222
,195

1,177
1,142
1,208
1,196
1,240
1,193
1,210
1,241
1,147
1,339
1,254
1,208

111
764
851
927
982
979
932
1,019
907
1,088
1,124
1,369

893
851
904
868
898
882
893
909
868
947
924
921

94
104
120
131
153
140
139
150
139
156
140
116

121
110
113
113
114
110
119
118
106
123
115
110

816
817
953
928
926
940
927
973
815
898
945
1,110

806
779
879
839
870
878
869
894
804
887
891
978

1957 Jan
Feb.
Mar. . .
Apr.
May
June
July
Aug. . . .
Sect
Oct.
Nov
Dec.

3,084
2,947
3,324
3,555
3,730
3,626
3,811
3,656
3,354
3,512
3,386
4,034

3,335
3,044
3,300
3,312
3,355
3,198
3,460
3,348
3,252
3,430
3,313
3,523

,248
,202
,368
,450
,497
,475
,542
,446
,343
,386
,224
,284

1,304
1,189
1,280
1,298
1,313
1,241
1 , 356
1,294
,290
,371
,272
,337

832
769
862
910
1,042
1,003
1,028
1,027
944
997
1,027
1,370

1,017
919
978
939
964
924
987
1,000
940
982
963
961

105
110
123
133
161
144
157
165
153
156
139
128

120
114
116
119
126
116
132
122
128
127
122
133

899
866
971
,062
,030
,004
,084
,018
914
973
996
1,252

894
822
926
956
952
917
985
932
894
950
956
1,092

1958 jan
Feb.
Mar
Apr.
May
June
July
Aug. . . .
Sept
Oct.
Nov
Dec.

3,060
2,713
3,129
3,303
3 , 343
3,445
3,452
3,347
3,258
3,458
3,309
4,293

3,446
3,151
3,460
3,351
3,321
3,344
3,381
3,262
3,349
3,480
3,233
3,561

,180
,019
,098
,216
,206
,263
,286
,203
,110
,181
,097
1,368

,344
,214
,326
,311
,277
,278
,302
,247
,289
,343
,187
,298

793
710
909
877
1,001
967
959
964
975
1,084
1,061
1,438

1,008
944
1,013
936
975
948
955
924
946
994
949
965

125
111
129
148
166
167
167
172
183
183
165
154

131
126
135
137
127
142
141
129
143
145
132
139

962
873
993
1,062
970
1,048"
,040
,008
990
,010
986
,333

963
867
986
967
942
976
983
962
971
998
965
1,159

1959Jan.
Feb. .
Mar,
Apr.
May
June
July
Aug.
Sept
Oct.
Nov. . .
Dec

3,316
3,249
3,783
4,016
4,037
4,396
4,271
4,136
4,073
4,167
3,939
4,665

3,393
3,243
3,567
3,494
3,445
3,620
3,639
3,503
3,552
3,688
3,590
3,869

1,242
1,252
1,479
1,579
1,563
,759
,700
,584
,502
,545
,302
1,271

,224
,191
,329
,273
,252
,333
,352
,288
,320
,366
,295
,358

940
884
1,016
1,106
1,148
1,196
1,142
1,166
1,180
1,248
1 , 247
1,708

1,030
974
1,040
,036
,008
,032
,027
,005
,039
,077
,043
,091

124
131
166
181
205
206
209
212
207
204
195
179

139
129
144
147
145
151
151
154
148
154
154
147

,010
982
,122
,150
,121
,235
,220
,174
,184
,170
,195
,507

1,000
949
1,054
1,038
1,040
1,104
1,109
1,056
1,045
1,090
1,097
1,274

3,531
3,726
4,162
4,409
4,291
4,519
4,118
4,359
4,027
3,989
4,053
4,609

3,642
3,681
3,933
3,812
3,830
3,885
3,754
3,954
3,810
3,897
3,894
3,981

1,260
1,408
1,615
1,678
1,639
1,711
1,455
1,556
1,354
1,382
1,362
1,237

,291
,307
,420
,339
,386
,396
,330
,439
,361
,430
,378
,342

1,043
1,013
1,106
1,201
1,193
1,281
1,116
1,208
1,212
1,232
1,239
1,681

,126
,137
,166
,134
,137
,134
,083
,138
,121
,152
,141
,144

136
159
177
190
217
213
195
220
193
185
176
154

144
148
159
150
154
163
156
164
156
164
160
158

,092
,146
,264
,340
,242
,314
,352
,375
,268
,190
,276
,537

1,081
1,089
1,188
1,189
1,153
1,192
,185
,213
,172
,151
,215
,337

3,427
3,219
3,965
3,844
4,276
4,438
4,013
4,364
3,894
4,319
4,367
4,922

3,893
3,668
4,152
3,870
4,094
4,112
3,940
4,121
3,904
4,173
4,105
4,097.

1,137
1,054
1,332
1,311
1,461
1,531
1,385
1,418
1,183
1,474
1,429
1,314

,376
,271
,439
,368
,413
,404
,379
,414
,346
,460
,374
1,308

983
877
1,109
1,076
1,225
1,252
1,137
1,270
1,229
1,278
1,319
1,796

,154
,105
,241
,167
,209
,215
,148
,208
,168
,228
1,193
1,199

129
127
164
167
203
198
178
213
190
193
180
150

165
152
169
158
173
175
165
175
169
185
168
161

,178
,161
,361
,290
,387
,458
,313
,463
,292
,373
,439
,662

,198
,141
,302
,177
,299
,318
,248
,323
,221
,299
,369
,424

1956Jan.
Feb
Mar,
Apr.
May
June
July
Aufi
Sept.
Oct.
Nov
Dec,

.. .

....

1960 Jan
Feb.
Mar.
Apr. . .
May
June
July
Aug.
Sept
Oct,
Nov.
Dec
1961 Jan.
Feb
Mar.
Apr.
May
June
July
Aufi
Sept.
Oct
Nov
Dec.

....
....

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1113

CONSUMER CREDIT
16.5 INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDITContinued
A.

1940-70: N.S.A.Continued
[In millions of dollars]

Total

Month

Extended

Other consumer
goods paper

Automobile paper
Repaid

Extended

Repaid

Extended

Repaid

Home improvement
loans
Extended

Repaid

Personal loans
Extended

Repaid

3,911
3,689
4,413
4,773
5,012
4,996
4,799
4,944
4,189
4,962
5,020
5,483

4,256
3,850
4,298
4,128
4,350
4,257
4,321
4,387
4,036
4,556
4,467
4,454

1,354
1,320
1,621
1,737
1,855
1,829
1,773
1,749
1,320
1,835
1,731
1,570

,452
,294
,446
,381
,493
,425
,489
,510
,370
,621
,515
,451

1,087
987
1,132
,269
,347
,356
,258
,319
,248
,370
,448
,880

,291
,188
,280
,214
,262
,247
,233
,251
,191
,282
1,267
1,229

126
121
159
176
215
198
195
209
173
190
172
150

167
155
172
165
175
169
171 !
176 ;
158
177
163
162

,344
,261
,501
,591
,595
,613
,573
,667
,447
1 , 567
1,668
1,883

1,346
1,213
1,400
1,368
1,420
1,416
1,428
1,451
1,317
1,476
,522
,612

4,560
4,214
4,867
5,507
5,493
5,418
5,633
5,518
5,057
5,772
5,254
6,298

4,603
4,247
4,591
4,723
4,756
4,576
4,916
4,761
4,710
5,117
4,708
5,117

1,617
1,528
1,774
2,058
2,055
1,956
2,077
1,868
1,572
2,059
1,764
1,798

,576
,432
,523
,616
,643
,518
,682
,606
,618
,784
,590
,666

,269
,075
,295
,419
,475
,485
,480
,548
,491
,646
,593
,144

1,368
1,265
1,369
1,336
1,357
1,341
1,394
1,355
1,335
1,455
1,371
1,423

132
124
160
190
219
202
213
220
194
207
166
159

165
155
168
172 !
173
166
181
173 i
175
183
161
174

1 , 542
1,487
1 , 63)8
1,840
1,744
1,775
1,863
1,882
1 , 800
1,860
1,731
2,197

,494
,395
,531
,599
,583
,551
,659
,627
,582
,695
,586
,854

1964 Jan
Feb.
Mar
Apr.
May
June
July
AUK
Sept. . .
Oct
Nov.
Dec

5,108
4,821
5,670
5,941
5,958
6,370
6,175
5,928
5,783
5,996
5,738
7,182

5,134
4,788
5,269
5,236
5,061
5,407
5,457
5,230
5,260
5,485
5,381
5,762

1,729
1,727
2,022
2,170
2,181
2,303
2,186
2,018
1,872
2,035
1,764
2,039

,703
,611
,790
,791
,698
,816
,842
,769
,808
,886
,800
,855

,502
,281
,606
,622
,690
,781
,722
,700
,728
,853
,827
,509

,583
,451
,542
,541
,510
,575
,571
,530
,542
,605
,584
,632

147
140
165
177
211
208
217
220
201
200
176
163

175
159
178
171
169
178
182
175
176
178
172
173

1,730
1,673
1 , 877
1,972 1
1,876 i
2,078
2,050
1,990
1,982
1,908
1,971
2,471

,673
,567
,759
,733
,684
,838
,862
,756
,734
,816
,825
2,102

1965 Jan.
Feb
Mar.
Apr
May
June
July
Aug. .
Sept
Oct.
Nov
Dec.

5,362
5,214
6,421
6,860
6,496
7,097
6,760
6,802
6,346
6,517
6,879
7,907

5,447
5,193
6,030
5,747
5,536
6,024
5,943
5,899
5,874
6,056
6,248
6,466

1,828
1,909
2,358
2,447
2,358
2,585
2,465
2,393
2,021
2,283
2,305
2,256

,806
,763
2,055
,920
,887
2,037
,960
,999
1,988
2,082
2,137
2,072

,589
,367
,661
,798
,800
,912
,893
,903
,969
,017
,134
2,814

,713
,609
,760
,637
,623
,718
,769
,712
,683
1,781
1,826
1,876

138
127
179
189
212
227
213
228
199
194
191
173

166
160
185
173
172
186
176
183
178
175
178
180

1,807
1,811
2,223
2,426
2,126
2,373
2,1 9
2,278
2,157
2,023
2,249
2,664

1,762
1,661
2,030
2,017
1,854
2,083
2,038
2,005
2,025
2,018
2,107
2,338

5,835
5,653
7,054
6,932
6,981
7,521
7,008
7,316
6,552
6,774
7,120
8,086

6,166
5,853
6,712
6,357
6,386
6,644
6,389
6,612
6,400
6,559
6,642
6,760

1,920
1,974
2,489
2,376
2,403
2,622
2,327
2,376
1,953
2,306
2,306
2,140

2,014
1,955
2,211
2,102
2,122
2,188
2, 111
2,196
2,145
2,254
2,209
2,112

,847
,613
2,058
2,042
2,086
2,213
2,224
2,288
2,250
2,233
2,356
3,119

1,989
1,836
2,094
1,944
1,981
2,005
1,977
2,038
1,993
2,057
2,061
2,105

137
134
180
180
223
222
214
233
196
174
179
151

175
162
185
179
179
184
174
186
177
176
172
169

1,931
1,932
2,327
2,334
2,269
2,464
2,243
2,419
2,153
2,061
2,279
2,676

1,988
1,900
2,222
2,132
2,104
2,267
2,127
2,192
2,085
2,072
2,200
2,374

6,091
5,696
7,042
6,820
7,263
7,955
7,282
7,900
7,181
7,417
7,776
8,748

6,857
6 ,387
7,119
6,748
6,962
7,169
7,016
7,151
6,937
7,286
7,144
7,212

1,853
1,818
2,241
2,209
2,430
2,587
2,344
2,321
1,993
2,318
2,167
2,039

2,148
2,096
2,283
2,176
2,267
2,294
2,194
2,221
2,207
2,372
2,211
2,065

2,108
1,782
2,253
2,133
2,226
2,519
2,297
2,656
2,607
2,472
2,822
3,629

2,361
2,130 j
2,359
2,248
2,270
2,283
2,303
2,385
2,317
2,394
2,364
2,433

136
138
175
178
237
229 i
220
246
209
212
214
175

175
171
184
182
192
196
183
190
186
186
185
172

1,994
1,958
2,373
2,300
2,370
2,620
2,421
2,677
2,372
2,415
2,573
2,905

2,173
1,990
2,293
2,142
2,233
2,396
2,336
2,355
2,227
2,334
2,384
2,542

1962Jan.
Feb
Mar,
Apr
May
June
July
AUK.
Sept.
Oct
Nov.
Dec.

:....

1963 Jan
Feb.
Mar. .
Apr
May
June
July
Aug. . . .
Seot
Oct.
Nov
Dec

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

...

. ,,

1966 Jan.
Feb
Mar
Apr.
..
May
June
..
July
Aug.
Sept.
Oct
Nov. . . .
Dec,
1967Jan.
Feb.
Mar
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dec

...

. ,

...

...

...

1114

CONSUMER CREDIT
16.5

INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDITContinued


A.

1940-70: N.S.A.Continued
[In millions of dollars]

Automobile paper

Total

Month

Extended
1968Jan.
Feb
Mar.
Apr.
May
June
July . . . .
Aug.
Sept.
Oct. . . .
Nov
Dec.

Repaid

Extended

Repaid

Other consumer
goods paper
Extended

Repaid

Home improvement
loans
Extended

Repaid

Personal loans
Extended

Repaid

6,948
7,066
7,795
8,490
8,609
8,414
8,868
8,532
7,915
8,975
8,440
9,932

7,595
7,147
7,546
7,678
7,705
7,325
8,050
7,577
7,472
8,086
7,548
7,938

2,116
2,253
2,544
2,727
2,820
2,716
2,941
2,751
2,318
2,920
2,528
2,449

2,299
2,183
2,302
2,367
2,358
2,188
2,457
2,313
2,331
2,543
2,313
2,277

2,336
2,295
2,592
2,822
2,758
2,722
2,767
2,547
2,693
3,007
2,999
3,969

2,678
2,532
2,675
2,617
2,633
2,486
2,716
2,484
2,504
2,739
2,565
2,641

147
156
176
204
253
219
257
252
230
234
218
188

199
178
192
197
200
188
203
189
191
199
182
185

2,349
2,362
2,483
2,737
2,778
2,757
2,903
2,982
2,674
2,814
2,695
3,326

2,419
2,254
2,377
2,497
2,514
2,463
2,674
2,591
2,446
2,605
2,488
2,835

1969Jan
Feb.
Mar
Apr
May
June
July
Aug. .
Sept.
Oct
Nov. .
Dec

7,908
7,539
8,505
9,579
9,512
9,782
9,403
9,080
8,997
9,401
8,744
10,696

8,305
7,404
8,212
8,406
8,199
8,327
8,634
8,161
8,346
8,793
8,033
8,966

2,383
2,396
2,775
3,042
3,016
3,121
2,813
2,590
2,549
2,968
2,440
2,460

2,481
2,297
2,538
2,557
2,491
2,479
2,567
2,440
2,504
2,679
2,395
2,546

2,738
2,452
2,705
3,123
3,221
3,279
3,187
3,175
3,240
3,311
3,335
4,566

2,996
2,545
2,838
2,881
2,859
2,863
2,926
2,843
2,917
3,073
2,854
3,050

177
191
222
263
296
297
256
255
244
234
205
191

190
179
203
209
208
211
225
208
185
226
196
217

2,610
2,500
2,803
3,151
2,979
3,085
3,147
3,060
2,964
2,888
2,764
3,479

2,638
2,383
2,633
2,759
2,641
2,774
2,916
2,670
2,740
2,815
2,588
3,153

1970Jan.
Feb
Mar.
Apr
May
June . .
July
Aug. . .
Sept
Oct.
Nov
Dec.

8,158
7,713
8,854
9,437
9,434
10,315
10,151
9,521
9,299
9,379
8,838
11,059

8,936
8,192
9,080
8,920
8,875
9,178
9,294
8,742
8,698
9,176
8,811
9,297

2,071
2,190
2,526
2,707
2,634
2,983
2,944
2,581
2,446
2,535
2,079
2,098

2,457
2,396
2,625
2,606
2,509
2,671
2,698
2,421
2,418
2,551
2,343
2,442

3,338
2,863
3,333
3,463
3,592
3,767
3,684
3,628
3,662
3,691
3,578
5,274

3,510
3,117
3,410
3,261
3,334
3,307
3,409
3,386
3,373
3,599
3,449
3,566

169
184
207
233
273
284
304
275
275
277
255
227

194
188
204
207
203
219
216
209
213
219
213
221

2,580
2,476
2,788
3,034
2,935
3,281
3,219
3,037
2,916
2,876
2,926
3,460

2,775
2,491
2,841
2,846
2,829
2,981
2,971
2,726
2,694
2,807
2,806
3,068

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

1115

CONSUMER CREDIT
16.5

INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDITContinued


B. 1940-70: S.A.
[In millions of dollars]
Other consumer
goods paper

Automobile paper

Total

Home improvement
loans

Personal loans

Month
Extended
1940 Jan
Feb
Mar
Apr
May
June
July
Aug
Sent
Oct
Nov
Dec

1941 Jan
Feb
Mar
Apr
May
June
July
AUE
Scot
Oct
Nov
Dec

....

1942Jan
Feb
Mar
Apr
May
June
July

AUE
Sept
Oct
Nov
Dec

....

1943Jan
Feb
Mar
Apr

May
June
July
AUK
Sept
Oct
Nov
Dec
1944Jan
Feb
Mar
Apr
May
June
July
AUE
Sept
Oct
Nov
Dec

..
......
......

. .
....

..

1945Jan
Feb
Mar
Apr
May
June
JU]y

Aug
Sept
Oct
Nov
Dec

..

Repaid

Extended

Repaid

Extended

Extended

Repaid

Extended

Repaid

637
628
637
653
673
700
667
663
702
740
746
773

552
558
561
586
588
595
608
596
629
642
636
657

239
251
239
245
250
248
235
227
249
290
296
317

184
189
190
199
204
207
211
215
221
228
231
233

200
184
208
205
210
239
216
223 1
224
221
229
229

187
189
192
196
194
197
200
196 1
203 i
205
208
214

20
18
20
25
26
27
31
34
36
32
30
29

19
17
20
20
21
21
23 !
21
24
29
18
22

178
175
170
178
187
186
185
179
193
197
191
198

162
163
159
171
169
170
174
164
181
180
179
188

784
817
805
874
887
848
840
849
709
661
662
689

671
674
717
699
722
748
748
763
767
767
783
795

348
348
357
379
373
362
335
308
265
242
237
269

246
247
280
268
273
294
294
286
308
302
309
329

202
238
234
260
276
262
276
296
243
206
216
220

216
218
223
220
230 i
236
240 i
252
251
247
248
246

27
26
23
26
28
28
27
31
33
27
18
18

25
22 !
27
24
26
26
25
26 ;
27
27 i
27
25

207
205
191
209
210
196
202
214
168
186
191
182

184
187
187
187
193
J92
189
199
181
191
199
195

575
543
554
478
424
384
395
407
391
374
361
353

111
766
749
737
720
686
670
680
626
610
582
560

151
126
117
88
80
73
77
86
70
57
53
44

293
292
262
260
249
224
219
228
196
184
172
159

227
224
242
201
176
145
155
158
163
164
159
162

252
251
258
257
255
249
241
240
232
233
224
218

14
14
18
17
14
8
8
8
8
10
10
13

29
25
30
27
27
23
24
22
14
17
11
14

183
179
177
172
154
158
155
155
150
143
139
134

198
198
199
193
189
190
186
190
184
176
175
169

362
372
369
376
366
396
372
384
416
397
394
383

554
539
518
502
487
470
447
439
432
423
410
396

50
56
61
61
62
62
60
69
74
68
69
70

144
133
126
111
102
95
84
79
74
68
67
66

174
175
153
168
160
168
167
161
167
167
168
157

227
214
201
206
206
200
194
191
182
185
181
174

8
7
7
8
9
9
9
8
10
9
10
8

15
24
25
23
21
20
19
19
16
16
16
13

130
134
148
139
135
157
136
146
165
153
147
148

168
168
166
162
158
155
150
150
160
154
146
143

376
380
400
371
410
408
422
417
418
433
426
433

409
393
398
397
404
395
404
405
407
420
411
411

68
70
72
74
83
82
86
83
75
84
77
76

70
64
72
73
77
70
76
78
76
80
77
75

154
152
1S6
149
161
157
160
165
172
179
176
176

172
166
164
165
162
160
159
162
165
171
168
171

9
8
9
8
9
11
10
12
11
11
11
15

13
11
12
12
12
11
10
11
11
12
9
11

145
150
163
140
157
158
166
157
160
159
162
166

154
152
150
147
153
154
159
154
155
157
157
154

418
403
433
402
415
432
436
421
452
506
529
532

412
416
410
417
411
415
422
416
428
441
452
453

74
74
79
71
68
78
79
76
86
97
106

78
80
77
76
75
78
78
77
75
83
83
81

169
159
172
149
154
162
165
161
165
186 \
191 ;
191

167
169
164
165
163
161
164
162
164
168

13
12
14
15
16
19
17
18
18
20
22
22

10
8
9
14
10
12
12
13
15
12
14
14

162
158
168
167
177
173
175
166
183
203
210 i
208

157
159
160
162
163
164
168
164
174
178
179
182

in

For note see last page of Part B of this table.

Digitized for FRASER


http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis

Repaid

1116

176

176

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