BANKING & MONETARY STATISTICS

Transcription

1 Supplement to BANKING & MONETARY STATISTICS SECTION Banks the Monetary System BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

2 Preface In 943 the Board of Governors published Banking Monetary Statistics to make available in one place on a uniform basis major series relating to banking, monetary, other financial developments. The statistics usually covered the period from 94, when the Federal Reserve System was established, through December 94. To bring together for the period since 94 the most important series in that volume, to revise the data previously published, to present new series, the Board is publishing a series of pamphlets. Most of these pamphlets correspond to sections in Banking Monetary Statistics, but some may cover new subjects. Most of the data included in these pamphlets have already been published in the Federal Reserve Bulletin, current figures for most of the series are published in it each month. In some instances, however, the type of presentation may vary considerably from that in the Bulletin. This is one of the new pamphlets. As in Banking Monetary Statistics, there is a brief description of the purpose history of the data, the sources of the figures the methods by which they were compiled, other facts to guide the reader in using the figures. Much of the information that is customarily included in footnotes to tables has been incorporated in the text. Footnotes have been used for the most part to call the reader's attention to any lack of comparability of items over the period covered. Board of Governors of the Federal Reserve System Washington, D. C. October 96 Price per copy, 35 cents.

3 Contents INTRODUCTION CONSOLIDATED CONDITION STATEMENT The Component Statements The Consolidation Process 3 Composition of Items 4 Sources of Discrepancies 4 MEASURES OF THE MONEY SUPPLY 5 Types of Deposit Holders 6 Timing of Data 7 Eliminating Duplication 7 Seasonal Adjustments 7 Comparative Levels 8 NUMBER AND CLASSIFICATION OF BANKS 8 Classification 9 Coverage Changes in Coverage or Classification 0 TABULAR COMPARISION OF MONEY SUPPLY SERIES TABLES:. Consolidated Condition Statement for Banks the Monetary System, Varying Dates, Money Supply Related Data, Varying Periods, Principal Assets, Liabilities, Number of Banks: A. Commercial Mutual Savings Banks, Varying Dates, B. Commercial Banks, Varying Dates, C. Mutual Savings Banks, June December Call Dates, Number Deposits of Commercial Mutual Savings Banks, by Class of Bank, June December Call Dates, Changes in the Number of Commercial Banks, by Class of Bank by Character of Change, Number of Banks on the Par List not on the Par List, by Federal Reserve District by Class of Bank, Page

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5 Banks the Monetary System THE BANKING AND MONETARY SYSTEM provides the economy with a unique source of liquidity a means of payment 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 behavior of bank credit money is essential to an understing of economic developments. Primary responsibility for regulating the flow of bank credit money in the United States is vested in the Federal Reserve System. The discharge of this responsibility requires detailed, accurate, current information concerning the economic situation in general the workings of the banking 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 of the analytical measures constructed from these data. Since the publication of Banking Monetary Statistics in 943, numerous revisions analytical reformulations of the reported data have been undertaken. The most recent was the revision of the daily-average money supply series in 96. Further revisions improvements are to be expected in the future. The purpose of publishing this section at the present time is to provide in one place a consolidation of all the changes that have been made in the series over the last two decades to provide a convenient reference point for future changes. The most important advance in the availability of basic monetary data during the past two decades has been the introduction of three new statements in which banking monetary data are consolidated. One is the consolidated condition statement of the banking monetary system, introduced in 948 (Table ). In that statement the asset, liability, capital accounts of the private banking system the commercial mutual savings are presented consolidated with the assets, liabilities, capital accounts of the monetary system the Federal Reserve Banks, the Exchange Stabilization Fund, the Postal Savings System, the gold Treasury currency accounts. From this statement can be obtained a picture of the banking monetary system of the United States as a whole of the channels that connect the banking monetary institutions of the country with the Federal Reserve System. Secondly, in 960 the Federal Reserve introduced a new measure of the money supply, based on averages of daily figures, to supplement for certain analytical uses the series on the money supply that had been appearing as an adjunct to the consolidated condition statement. The new daily-average money supply series, as revised in 96, is shown in Table ; the old money supply series, related to the consolidated condition statement calculated for a single date each month, appears in Table. A third, more comprehensive method of presenting financial data developed by the Board in recent years is the series of flow of funds accounts, which present financial flows, as well as assets liabilities, not only for the banking system but also for other major sectors of the economy nonbank financial institutions, nonfinancial businesses, consumers, governments, the rest of the world. There has also been a major improvement in the basic data collected from the private A comprehensive description of the concepts, methodology, statistical information contained in these flow of funds accounts is set forth in Flow of Funds in the United States, (Board of Governors of the Federal Reserve System, 955). These data are published on a quarterly basis in the Federal Reserve Bulletin.

6 banking system. Up to 947 there were no completely consistent figures for all commercial mutual savings by class. The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation were compiling somewhat different balancesheet statistics for. 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. Such uniform data were first released semiannually. Beginning in April 96 information has been reported on a quarterly basis for all insured. Drawing upon these integrated data earlier historical records, in April 959 the Board of Governors published a set of revised commercial mutual savings bank series, prepared with the active collaboration of the other two Federal agencies. The program also received the cooperative interest support of State bank supervisors. CONSOLIDATED CONDITION STATEMENT The consolidated condition statement (Table ) first appeared as a part of a study of money flows in an article in the January 948 Federal Reserve Bulletin; since June 949 the statement has been published regularly in the Bulletin* The consolidated condition statement is a balance sheet of the monetary system as a whole, showing the asset, liability, capital accounts The historical banking data published in this section have not been revised to reflect the changes embodied in the new commercial mutual savings bank series, consequently some minor differences exist between the two. For further discussion of the development of the statistics for data for years before 94, see the following publications of the Board of Governors of the Federal Reserve System: Banking Monetary Statistics (943), Section I, All-Bank Statistics, United States, (959). 3 The composition of a few items in the consolidated condition statement differs slightly from the description in the article by Morris A. Copel Daniel H. Brill, "Banking Assets Money Supply Since 99" (pp. 4-3 of the January 948 issue of the Bulletin). Stock of Federal Reserve Banks held by member is included in other securities in capital miscellaneous accounts, net, balances of the Postal Savings System the Exchange Stabilization Fund with the U.S. Treasury are netted against capital miscellaneous accounts, net, instead of against U.S. Government deposits Treasury cash. of all commercial mutual savings in the United States, Federal Reserve Banks, the gold Treasury currency accounts the Exchange Stabilization Fund (except for these accounts the Treasury is not included as a part of the monetary system), the Postal Savings System. 4 The consolidated assets of all the monetary system consist of the monetary gold stock, the item of Treasury currency (a major component of which is the monetary silver stock), earning assets held in the form of loans, U.S. Government securities, other investments. The principal liabilities are the currency outside bank deposits owned by others than. In the process of consolidation most transactions among the components are eliminated, for example, interbank deposits interbank loans. The component statements. The component parts of the consolidated condition statement are consolidated statements for each of these groups or accounts. The following paragraphs describe the nature of the statements. Commercial mutual savings. The consolidated statement of commercial mutual savings (Table 3-A) is based largely on weekly reporting member bank figures on the semimonthly reports of deposits, loans, investments received from all other member. Monthly data for nonmember are based on estimates. Call report data are used as benchmarks, figures are partially estimated except on December most June call dates. Estimates are prepared semimonthly, but up to the present the midmonth data have not been published in the Bulletin, but they appear in the Board's release, "Assets Liabilities of All Banks in the United States" (G.7). Federal Reserve Banks the gold Treasury currency accounts. The need for including in the consolidated statement for the banking system data from the Federal Reserve System the Treasury arises from the fact that both institutions are important sources of money held by the public. The pertinent statistics concerning the Federal Reserve Banks are drawn from the consolidated statement of condition of all Federal Reserve Banks, which is prepared published weekly as a part (H.4.a) of the release entitled "Factors affecting Bank Reserves Condition Statement of F. R. Banks" also published in the Bulletin. The basic statistics 4 For coverage classification of, see pp. 8-.

7 relating to the monetary functions of the Treasury are released in the Circulation Statement of United States Money issued monthly by the Treasury. Because of the interrelated nature of monetary transactions accounts involving both the Treasury the Federal Reserve Banks, the effects of many such operations upon bank reserves as well as upon public holdings of money, a report combining the two underlying statements is issued weekly as another part of the release referred to above (H.4.). This too is published in the Bulletin. This combined report serves as an alternative source of the ingredient accounts for the consolidation of Treasury Federal Reserve operations into the consolidated condition statement of the entire banking system. The Exchange Stabilization Fund. The Exchange Stabilization Fund was established under the Gold Reserve Act of 934. Because this Fund is involved in various Treasury operations in the international monetary field because it operates with gold, it is included within the accounting structure of the monetary system. The quarterly balance sheet of the Fund is published in the Treasury Bulletin; monthly data are received by the Board directly from the Treasury for the consolidated statement. The Postal Savings System. The Postal Savings System has been in operation since 9. Summary data of the assets deposits of the System are published in the Annual Report of Operations of the Postal Savings System for each fiscal year. Monthly estimates of the principal items are received by the Board directly from the Post Office Department. The consolidation process. As indicated earlier, the balance sheet of the banking monetary system is a consolidation rather than a combination of the accounts of the components. In the process of consolidation most of the relationships among the components are eliminated. The purpose of the statement is to emphasize the relationship of the monetary system as a whole to the rest of the economy. For example, the financial aspects of this relationship are isolated by offsetting certain tangible assets, such as bank premises, furniture fixtures, other miscellaneous assets, against miscellaneous liabilities in a separate item (capital miscellaneous accounts, net). The consolidation process does not adhere to usual accounting procedures in all instances. Some deviations from conventional methods are necessary in order that the consolidated totals may agree with some of the important published measures of bank credit, deposits, Treasury currency, Treasury cash. Certain asset debt relationships are not eliminated but rather are carried forward to the consolidated account. In some instances these unconsolidated items are recorded on both the asset liability sides of the consolidated account. In other instances they are recorded as liabilities negative offsets against liabilities. In addition, a few accounts are eliminated that do not represent transactions between components of the monetary system. However, the amounts in these accounts are generally small stable. These other important deviations from a theoretically pure consolidation procedure are discussed in more detail below. Intersector intrasector consolidation. The relationships eliminated in consolidation include member bank reserves, interbank deposits loans, intrasector currency holdings. bank reserves are part of the currency deposit assets of the commercial mutual savings bank sector are eliminated in consolidation by also removing Federal Reserve* liabilities for such reserves. claims eliminated in consolidation are interbank deposits interbank loans. All of these items represent relationships that can be specifically identified. However, paired items are not usually of the same size on the books of the debtor the creditor. These differences, usually arising from differences in timing of the two reports, contribute to the discrepancy in the consolidated account. The discrepancies are not shown separately but are incorporated in the item, capital miscellaneous accounts, net. Some intersector claims cannot be specifically paired off for elimination in the consolidation process. Elimination is accomplished by adding all such liabilities not identified by holder (other liabilities of, other Federal Reserve accounts, other liabilities of the Postal Savings System, liabilities of the Exchange Stabilization Fund) offsetting them against the assets not identified by sector of liability (other assets of the, Federal Reserve float, special cash accounts receivables of the Postal Savings System of the Exchange Stabilization Fund). This process yields essentially the same total as would be achieved in a specific consolidation process. Some intersector claims are not eliminated in consolidation. Federal Reserve stock, an asset of the member a liability of the Federal Reserve System, is carried to the consolidated account where it is recorded as an asset also as a miscellaneous liability. This treatment has been followed from the beginning of the series to keep the item, other securities, in the consolidated statement consistent with the

8 item, other securities, in the commercial mutual savings bank series. Similarly, the gold reserve underlying United States notes, which is both an asset a liability of the Treasury monetary funds, is retained in the consolidated account. It is included there as part of the Treasury currency assets as part of the currency liability of the sector shown under Treasury cash. It is also included in the asset item, gold stock, the liability item, currency in circulation, is, therefore, recorded a second time in the consolidated statement in the items, gold stock currency outside. Although this results in double counting (in 960 a constant $56 million), the consolidated statement items, gold stock Treasury cash, are kept consistent with published figures for bank reserves related items, gold stock, Treasury cash holdings. Special treatment. Special treatment is also accorded some relationships with other sectors the gold holdings (that is, the "active" gold) of the Exchange Stabilization Fund, the deposits of domestic in foreign, currency held by in territories possessions of the United States, deposits of the Postal Savings System the Exchange Stabilization Fund with the Treasury. The nonmonetary gold held by the Exchange Stabilization Fund (included in the Fund's special cash accounts receivables) the active gold is a gold asset of the monetary system not included in the monetary gold stock. However, it is classed in the consolidated sector account as a negative liability rather than as an asset is included in the item, capital miscellaneous accounts, net. Deposits of commercial in foreign are not recorded as assets of the consolidated account but are deducted from deposits of foreign in domestic commercial Federal Reserve Banks to yield the item, foreign bank deposits, net. Banks in territories possessions of the United States are not part of the banking sector, currency held by them is not automatically eliminated from currency liabilities in the process of consolidation. Therefore, to conform to the traditional series on currency outside, which excludes currency held in in such territories possessions, such items are excluded from the currency liabilities of the monetary system (that is, from the item, currency outside ) are included instead in the item, capital miscellaneous accounts. The amount involved is small; it was about $0 million as of December 3, 960. Deposits of the Postal Savings System the Exchange Stabilization Fund with the Treasury are not recorded under assets in the consolidated statement. They are netted against the item, capital miscellaneous liabilities. Composition of items. The resulting statement, after these consolidations nettings are performed, includes, on the asset side, monetary reserves bank credit (bank loans, net, investments),, on the liability capital account side, essentially the currency deposits other debts owed by the banking system to others. 5 The asset side. Gold includes the monetary gold stock; the monetized silver is a component of Treasury currency assets. In addition to the monetary silver component of Treasury currency assets, the Treasury currency item includes the gold reserve against United States notes, deposits made with the Treasury for the redemption of Federal Reserve Bank notes national bank notes, the credit of the United States securing both minor coin in circulation that part of the United States notes outsting not backed by the gold reserve. The remaining assets represent loans (net of bad debt reserves) investments in Federal obligations, State local obligations, corporate securities. The liabilities capital account side. The banking system's net liability for deposits currency, the capital accounts of commercial, miscellaneous liabilities make up the other side of the statement. Currency outside excludes domestic bank vault cash currency held by in territories possessions of the United States. deposits adjusted exclude interbank dem deposits U.S. Government dem deposits are net of cash items in the process of collection. Time deposits adjusted exclude U.S. Government interbank time deposits Postal Savings System balances with. Treasury cash includes the Treasury's working cash balance of currency coin, the balances in the gold silver general funds (the "free" gold silver), the gold reserve against United States notes. The capital account miscellaneous liabilities item includes paid-in capital other capital accounts of commercial Federal Reserve Banks, reserve accounts of mutual savings, the amounts owed by commercial to their foreign branches, the liability of the monetary system for currency deposits held by in the territories possessions of the United States, the capital stock of the Exchange Stabilization Fund, other miscellaneous liabilities of the monetary system. Also it has been reduced by certain asset items carried in the consolidated account as negative liabilities Federal Reserve float, the active gold deposits of the Exchange Stabilization Fund with the Treasury, the discrepancies arising when items that should offset each other exactly are not equal. Sources of discrepancies. In the process of consolidating the asset liability accounts 5 For further detail on these items than that given in this description, see " Bank Reserves Related Items," Section 0 of Supplement to Banking Monetary Statistics.

9 for the components of the banking monetary system, discrepancies arise when items that should offset each other exactly differ in amount because the reporting procedure does not allow for the lapse of time necessary to complete the recording of certain interbank transactions or because the reports are not rendered on the same date. In addition, clerical reporting errors of various kinds are no doubt responsible for some of the differences between the various reported items. Time lag. The liability item of member bank reserves, as it appears on the books of the Federal Reserve Banks, is larger than the amount the report as an asset item, reserves with Federal Reserve Banks, because of the time lag between the book entries of the member the Federal Reserve Banks. Similarly, at June December call dates, when the classification of loans is reported tabulated for all, the amount of loans to reported by the banking system frequently is larger than reported borrowings by. The main causes of a difference in this direction appear to be () at the close of business on a call date the borrowing accounts of paying off obligations during the day have been reduced by the amount of the repayments, but corresponding entries cannot be made on the books of the lending institutions until payment is received, which is sometimes the next day or later; () loans by U.S. to in foreign countries are appropriately included in loans by the U.S. monetary system, but there is no offsetting item of borrowing within the system. On the other h, some factors tend to offset the excess of reported loans over reported borrowings. For example, a part of the borrowings may be from nonbanking institutions. If so, that portion of the borrowings should remain as a liability instead of being eliminated in the consolidated statement, but the amount of such outside borrowings, if any, is unknown. Also, until October, 957, when instructions were revised, sales of securities under repurchase agreements were reported as borrowings by the creditor, while purchases of securities under resale agreements were reported as securities held by the debtor ; hence there were no offsetting figures in their loan accounts. Reporting dates. Another source of discrepancy is the use of last-wednesday-of-the-month data for commercial, Reserve Banks, Treasury accounts (except for December most June call dates), of last-business-day-of-the-month data for mutual savings Exchange Stabilization Fund accounts,, through June 30, 956, for the Postal Savings System accounts. Beginning with July 956, data for the Postal Savings System are reported as of Friday every four weeks. However, the dollar volume of most postal savings items is small is declining monthly. Consequently rounding may eliminate most of the discrepancy. MEASURES OF THE MONEY SUPPLY Money performs the essential economic functions of providing a medium of exchange, a readily available store of value, a stard of value. Monetary transactions the financial instruments used in effecting them take a variety of forms, many types of claims other than currency dem deposits may serve to provide part of the public's total liquidity requirements. However, the only instruments that perform all of the functions of money are the public's holdings of coin, currency, dem deposits in. This concept of the money supply does not deny the significance of time deposits or of other types of savings instruments or, for that matter, the importance of changes in the public's holdings of less liquid assets. Even the most liquid of these other types of assets, however, must generally be converted into money, as defined here, before being used in economic transactions. The stock of money is constantly being extinguished through the payment of debts at, new money is being created through the extension of new bank credits. The volume of money that the public chooses to hold in its pockets, in tills, in deposit accounts varies from time to time relative to its holdings of other assets to the total volume of expenditures in the economy. Public dem determines the proportion of the money supply held in the form of currency the proportion held on deposit in. The Federal Reserve System has primary responsibility for regulating the total volume of money available to meet the public's dems. In performing this function the System requires an accurate, frequent, promptly available measure of the money supply. Throughout its existence the Federal Reserve has collected published data on the money supply.

10 The first long-term series on the money supply used by the Federal Reserve was that published in Table 9 of Section of Banking Monetary Statistics. This table shows data for both dem time deposits of for currency for June call dates for the period 89-9 for June December call dates for Data for later years have appeared regularly in the Bulletin. In early 948 the Board of Governors released the first materials on the consolidated condition statement for the banking system. This statement related currency deposit liabilities of the banking system to banking assets. A year later the Board began to publish data for the consolidated statement each month. Data on the money supply, previously available only for call dates, were thereafter also available as a part of this consolidated statement. Each of these measures of the money supply related items was as of a single date. Although there are advantages in being able to relate the components of the money supply to specific dates for purposes of comparison with other financial variables similarly measured, statistics as of a single date are subject to variabilities which complicate interpretation. To provide a more refined measure for use in analyses focusing essentially on the performance of the money supply itself on its relation to aggregate flows or other variables relatively free of the hazards of single-date measurement, the Board in late 960 introduced a new measure of the money supply based on averages of daily figures. Some further refinements of this average series were published in the summer of 96. The following sections describe this new series (Table ), indicate how a number of conceptual technical changes that were made in it have resulted in modest differences from the historical singledate series. The single-date series continues to be useful for such purposes as comparisons with associated levels movements of particular bank assets nonbank financial claims. To facilitate this type of use, the single-date series is shown adjacent to the other components of the consolidated condition statement of the banking system in Table. The Federal Reserve Board's quarterly flow of funds accounts include a single-date measurement of the money supply that is identical in definition to the daily-average series. In the flow of funds accounts the tables on the commercial banking monetary authorities sector show dem deposit currency liabilities subdivided into three categories: due to the U.S. Government, due to the rest of the world, due to others. The sum of the entries for due to the rest of the world due to others is identical in coverage to that of the daily-average series: both series include foreign balances with Federal Reserve Banks, which are excluded from the single-date series. A detailed comparison of the coverage of the flow of funds series, the monthly single-date series, the monthly daily-average series is given in the table on page. 6 Types of deposit holders. The daily-average series like the single-date series defines the money supply as the total of the public's holdings of coin, currency, dem deposits in. The two series differ in coverage largely in their treatment of dem deposits vault cash of certain types of institutions their treatment of branches in territories possessions. The daily-average series, like the single-date series, includes dem deposits held in commercial by financial institutions, such as savings loan associations life insurance companies. However, the daily-average series includes in addition dem deposits at commercial due to mutual savings, in U.S. territories possessions, foreign. It also contains foreign dem deposits at Federal Reserve Banks, including 6 For a comprehensive description of the flow of fund series, see the source cited in note on page. For a more detailed account of the differences between the other series than that given below, see "A New Measure of the Money Supply" {Bulletin, October 960, pp. 0-3) "Revision of Money Supply Series" {Bulletin, August 96, pp ).

11 those due to foreign governments, central, international institutions. These deposits are excluded from the single-date series. Amounts due to these institutions represent cash available for investment in much the same way as balances of other financial institutions involve no duplication of funds held by others. The daily-average series includes currency held by financial institutions other than domestic commercial, thus paralleling the treatment of the dem deposits owned by such institutions. The single-date series, on the other h, excludes the vault cash of mutual savings currency held in the possessions of the United States. Both series exclude cash held in the vaults of domestic commercial. Both series exclude commercial interbank deposits, because such deposits involve double counting; deposits "due to" commercial are matched by "due from" accounts at other commercial the two accounts cancel each other when the statements of all commercial are consolidated. Both series also exclude deposits of the Federal Government but include those of State local governments. U.S. Government deposits are excluded primarily because these deposits do not represent money in the hs of the public have little influence on the expenditures of the Federal Government. However, deposits of State local governments exhibit economic characteristics not unlike deposits of large private economic entities. Timing of data. The daily-average series is presented in Table on both an annual monthly basis for ready comparison with other financial statistics reported for similar periods. The series is available in the Bulletin as monthly semimonthly averages. Weekly data are also published for recent years but have not yet been adjusted for seasonal variation. Data in the single-date series on the money supply refer to the last Wednesday of the month except in December for most June dates, when call report data are used. Eliminating duplication. In the daily-average series duplication has been reduced still further than it has been in the single-date series. In the daily-average series both cash items in process of collection, as reported on the books of the, Federal Reserve float, derived from Federal Reserve statements, are deducted, whereas only cash items in process of collection are deducted from the single-date series. Unadjusted or gross deposit figures 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, 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. A study of float indicated that an important proportion of these items arises from causes that lead to appropriately deductible float. Both of these adjustments for double counting in the gross deposits figures tend to overcorrect the figures somewhat, but they improve the adjusted series as an unduplicated measure of deposits. Although these changes improve the series, the problem of duplication has not been fully solved either statistically or conceptually. The residual duplication, however, does not appear large enough, nor are changes in it great enough, to impair the usefulness of the data for most analytical purposes. Seasonal adjustments. Seasonal adjustments to the money supply series remove the normal seasonal movements in dem deposits currency holdings of the public, thus making it easier to see any unusual changes in these items in the total money supply. Daily-average series. Average dem deposits normally rise to a seasonal peak in the second half of December, declining thereafter through the first quarter, reaching a seasonal low in the second half of May. Seasonal movements in dem deposits

12 have changed substantially in the postwar period. A major influence was the provision for speeding up Federal corporate income tax payments, which began in 95 which was completed in 960. Another factor was the shift from March 5 to April 5 in the date for final settlement by individuals of their Federal income tax payments. The seasonal movements in currency held by the public are not quite so strong as those in dem deposits. Currency's low point comes in the second half of February; it rises to a seasonal high in the second half of December. The daily-average data are seasonally adjusted by ratio-to-moving-average methods. Seasonal factors for dem deposits were derived by a method long used by the Federal Reserve, in which judgment as well as mechanical computation is employed. Factors for the currency component were derived by Census Method II, utilizing an electronic computer. 7 Single-date series. The amplitude of seasonal movements in the single-date series is greater than that in the daily-average series. deposits in this series normally rise to a seasonal peak in December decline thereafter to a seasonal low near the end of March. The months in which variations in the date of the last Wednesday appear to affect significantly the level of dem deposits in the hs of the public are March, June, October, December. In March adjustments are made when the last Wednesday falls on the 30th or 3st, largely because April is the date for the assessment of the personal property tax in Cook County, Illinois, many individuals businesses reduce their bank deposits temporarily put their funds in other assets, particularly short-term U.S. Government securities. Adjustments for December are made when the last Wednesday is affected by large withdrawals over the Christmas holiday by the sharp year-end rise that partly reflects window dressing by businesses for their annual statements. Small adjustments in deposits are also made for June October. Currency in the hs of the public also tends to vary with the date on which the last Wednesday falls. Most of the special adjustments in this series are made for months in which the last Wednesday is a holiday or the day before a holiday, e.g., Christmas, Thanksgiving, or Memorial Day. 8 7 For descriptions of these methods, see "Adjustment for Seasonal Variation" (Bulletin, June 94, pp. 58-8), Julius Shiskin, Electronic Computers Business Indicators, Occasional Paper 57, National Bureau of Economic Research, New York, 957. The Method II computer program was adapted wherever necessary to apply to semimonthly as well as monthly data. For further details on the seasonal adjustment process the seasonal factors used, see "Revision of Money Supply Series," cited earlier. 8 For further details on the adjustment process for the seasonal factors used, see "Revised Series for Seasonally Adjusted Money Supply" (Bulletin, February 960, pp ). The special adjustment in the seasonal factor for Mar. 30, 960, shown on p. 35, note 3, of that article has been revised from 0.9 to 0.5. The new factor is Comparative levels. The daily-average series is considerably higher than the single-date series, but the difference in the general levels of the two series is relatively stable. This difference reflects mainly the net effect of adding commercial bank dem deposits due to mutual savings foreign to the daily-average series, of deducting Federal Reserve float, of adding foreign balances at Federal Reserve Banks. Short-term movements in the two series occasionally show significant differences. These differences reflect principally the wide fluctuations in single-date figures. Some of these variations are characteristic of particular days of the week or of the month; some are due to the influence of holidays, some to the incidence of tax or dividend payment dates; some may at times reflect weather conditions. The use of averages of dailyfigures whetherfor a month, a half month, or a week smooths most of these differences. The table on page compares the coverage treatment of some of the data used in the two series. The coverage treatment of the same data in the flow of funds accounts are included for reference. NUMBER AND CLASSIFICATION OF BANKS The nongovernmental part of the banking system of the United States is made up of thouss of separate institutions, some chartered by the Federal Government, some by the States. In addition, there are some private, about 85 in 960, but they are now few in relation to the total number of they hold a negligible portion of total bank assets. These institutions, although more numerous in earlier years, were excluded from many of the previous series. For example, they were excluded from Table 4 of Banking Monetary Statistics but are included in the otherwise comparable Table 5 here. In these series, a private financial institution is included as a bank if it accepts deposits from

13 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, the Board of Governors of the Federal Reserve System in the commercial mutual savings bank statistics published beginning with 947. Under this definition certain types of previously excluded, such as private, were thereafter included, there were some changes in classification. But the changes had little effect on data for the years shown in this section. 9 The definition of a bank underlying the data for the years before 947 is "a financial institution which accepts money from the general public for deposit in a common fund, subject to withdrawal or transfer by check on dem or on short notice, makes loans to the general public." Under both definitions building savings loan associations, personal loan other small-loan companies, credit unions, mortgage companies, sales finance companies, insurance companies, Federal Reserve Banks, credit agencies owned in whole or in part by the Federal Government are excluded. In arriving at the number of, the unit is a single bank, including any branches; branches are not counted separately. However, joined through ownership or control by a common holding company are counted as separate. Classification. In this section (other than Federal Reserve Banks) are classified in three ways: by supervisory jurisdiction; by function, that is, broadly by the type of deposit business hled; 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; partly on whether its deposits are insured (Tables 3-6). 9 For complete descriptions of the types of institutions included of those excluded, see the 956 Annual Report of the Federal Deposit Insurance Corporation, pp National. National are incorporated under Federal law operate under the supervision of Federal authorities only. All national in the United States are required by law to be members of the Federal Reserve System of the Federal Deposit Insurance Corporation. State member. Banks organized under State laws may be admitted to membership in the Federal Reserve System upon complying with certain prescribed conditions. State member of the Federal Reserve System, with minor exceptions, are required to be members of the Federal Deposit Insurance Corporation. State member are subject to both Federal State supervision. Insured nonmember. State that are not members of the Federal Reserve System may be admitted to Federal deposit insurance upon meeting certain prescribed conditions. These also are subject to both Federal State supervision. Noninsured. These do not come under Federal supervision. They include chartered under State laws, which are subject to State supervision, private, which are generally not supervised by any banking authority. Broad classification of by function based on the type of deposit business they primarily conduct divides into two categories: commercial mutual savings (Table 3). Commercial. Commercial are whose business includes the holding of checking accounts other deposits subject to withdrawal on dem, the making of short-term, self-liquidating loans to commerce, agriculture, industry. (They may also, usually do, hold time savings deposits as well.) Commercial include both Federally chartered State-chartered institutions. The second group includes State commercial, nondeposit trust companies, stock savings, industrial, cash depositories. Private also fall into this category. Most commercial are Federally insured, some are not. Mutual savings. With a few minor exceptions, mutual savings carry only savings other time deposits, they invest their funds primarily in mortgage loans securities. All of them are State-chartered institutions, they exist in only a few States; most are in the northeastern section of the United States. Many are Federally insured. The Federal Reserve Act provided for a system of check collection through Federal Reserve Banks to eliminate the undue expense delay which up to that time were involved in check collections in nearly all parts of the country. Under this system the Federal Reserve Banks receive forward for payment checks

14 drawn on member, all of which are required to remit at par, on those nonmember that have agreed to remit at par. Par list. The statistics of on the par list not on the par list (Table 6) include all on which some checks are drawn, except for the few mutual savings that carry dem deposits, exclude on which no checks are drawn. Banks on the par list include all member those nonmember that have agreed to remit at par. Banks not on the par list are nonmember that have not agreed to pay without deduction checks forwarded for payment through the Federal Reserve Banks. Checks on such are not collectible through the System. The total number of nonmember in Table 6 differs somewhat from the number of nonmember shown in other tables of this section largely because Table 6 excludes the other tables include on which no checks are drawn, principally industrial trust companies without deposits. Coverage changes in coverage or classification. The statistics in this section include all nongovernmental in the United States. All in Alaska have been included since it was admitted to statehood in January 959, all in Hawaii since it was admitted in August of that year. Their deposits were $7 million $386 million, respectively, on the call date before admission. Apart from three national that are members of the Federal Reserve System, one in Alaska (included since April 954), one in Hawaii (included since April 959), one in the Virgin Isls (included since May 957), these tables do not include data for in territories or possessions of the United States, therefore the figures differ from those published by the Comptroller of the Currency for national by the Federal Deposit Insurance Corporation for insured. Branches agencies of foreign doing business in the United States are generally excluded. Assets liabilities of branches of domestic outside the United States are also excluded. All commercial include all Federal Reserve member all nonmember commercial. Stock savings nondeposit trust companies are included with commercial. During 94 three mutual savings became members; these are included in both member bank figures insured mutual savings bank figures. (One withdrew from membership in 960, a second in 96, the third in 96.) They are not included in the total for commercial are counted only once in the total for all. One noninsured, nondeposit trust company is also included in the member bank series. A few noninsured for which asset liability data are not available are included in the number of. Beginning with December 947 the series were revised as announced in November by the three Federal bank supervisory agencies. At that time a net of 5 noninsured nonmember commercial with total loans investments of $0 million were added, 8 with total loans investments of $34 million were transferred from the noninsured mutual savings bank to the nonmember commercial bank category. In addition to these specific changes, the organization of new, the comparability of figures for classes of is affected somewhat by changes in Federal Reserve membership, Federal insurance status, mergers, so forth. The following paragraphs describe in detail the various types of changes (Table 5). 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 it has 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 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 absorptions 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 as a consolidation, merger, or 0

15 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 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 represents the resumption of operations of a previously suspended bank. Even if the bank reopens with a new name 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 into one bank that continues under a single charter, either a new or 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 becomes concentrated under one charter one management. Banks absorbed by other converted into branches are counted as consolidations or absorptions. The classification also includes cases in which two or more absorb another bank then distribute its business among themselves or in which the assets liabilities of a weak bank are transferred to another bank to avoid suspension. The that go out of existence or are converted into branches because of consolidations or absorptions are counted; the continuing or absorbing are not counted. A voluntary liquidation represents the voluntary discontinuance of operations the surrender of its charter by an active 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 are organized with the intention of becoming members before opening for business. Such are counted both as primary organizations of nonmember as admissions to membership under increases in State member under decreases in nonmember. Unclassified changes are those changes that cannot be classified elsewhere because of special circumstances involved in the change or because of a lack of essential data.

16 TABULAR COMPARISON OF MONEY SUPPLY SERIES Sector or data Daily-Average Money Supply Series: Commercial bank dem deposits currency in circulation outside the Treasury, Federal Reserve Banks, commercial. Consolidated Condition Statement for Banks the Monetary System (CCS): deposits adjusted currency outside. Flow of Funds/Saving Accounts: Commercial banking monetary authorities sector; dem deposits, net, currency liabilities (excluding "due to U.S. Government").. Type of data Average of daily figures for semimonthly ( weekly) periods. Last Wednesday of the month except for December most June dates when call report data are used. Values on last day in year or quarter change between dates.. Timing of data Opening of day. Close of day. Close of day. 3. Geographic coverage of data United States. Same as CCS. United States. United States. Same as CCS. 4. Banks in territories possessions A. balances with U.S. (an asset of in territories possessions) Included in dem deposit liabilities. (Not deducted as an interbank item.) Excluded; since the counterpart (due to in territories possessions by U.S. ) is subtracted from "gross dem deposits." Included in dem deposit liabilities. (Not deducted as an interbank item.) B. Currency coin held (as asset of in territories possessions) Included. in circulation outside Excluded. Included in currency liabilities of consolidated banking system. C. deposit liability (a liability item of in territories possessions) Excluded (except for member in Alaska Hawaii reporting deposits related items before statehood; see Item 3, CCS). Excluded (except for member in Alaska Hawaii reporting deposits related items before statehood; see Item 3 in this column). Excluded from dem deposit liabilities (except for member in Alaska Hawaii reporting deposits related items before statehood; see Item 3, CCS). 5. Mutual savings Excluded. Series covers only commercial. Included in banking sector. Excluded from commercial banking sector. A. balances with U.S. (an asset of the mutual ) Included in deposit liability of commercial thus in money supply figure. Excluded; netted out when "deposits due to " are subtracted from "gross dem deposits." Included. B. Currency coin held (an asset of the mutual ) Included as currency in circulation. Excluded. Included. C. deposits (a liability item of mutual ) Excluded from commercial banking deposit liability. Included in dem deposits adjusted. Excluded. 6. Foreign dem deposits of individuals, partnerships, corporations with U.S. commercial Included in deposit component of money supply series (not identified separately). Included in dem deposits adjusted (not identified separately). Included in dem deposits currency; a liability to rest-of-world sector. 7. Foreign bank dem balances with U.S. commercial Included in deposit component of money supply series (not identified separately). Part of "foreign bank deposits, net." The CCS nets "due from" foreign against "due to" foreign. Included in dem deposits currency; a liability to rest-of-world sector. 8. Foreign balances with Federal Reserve Banks Included as part of deposit component. Part of "foreign bank deposits, net," except deposits of international agencies. Included as part of dem deposits currency; a liability to restof-world sector. 9. Federal Reserve float Deducted from gross dem deposits; therefore lessens the dem deposit component. Entered as a negative item in "capital miscellaneous accounts, net"; does not reduce dem deposits adjusted. Netted against gross dem deposits; therefore lessens the series on "dem deposits, net." Banking coverage in the Consolidated Condition Statement is described on pages 8-.

17

18 . CONSOLIDATED CONDITION STATEMENT FOR BANKS AND THE MONETARY [Single-date figures; in millions Assets Liabilities capital Date Gold Loans, net Bank credit U.S. Government obligations Treasury currency outsting Commercial savings Federal Reserve Banks securities assets, net- liabilities capital, net deposits currency Capital misc. accounts, net 94 June 30 Dec June 30 Dec _june 30 Dec j U ne 30 Dec _june 30 Dec June 9 Dec _j U ne 30 Dec Jan. 8 Feb. 5 Mar. 3, Apr. 8 May 6 June 30 July 8 Aug. 5 Sept. 9 Oct. 7 Nov. 4 Dec Jan. 6 Feb. 3. Mar. 30 Apr. 7, May 5 June 30 July 7 Aug. 3 Sept. 8 Oct. 6 Nov. 30 Dec Jan. 5 Feb. Mar. 9 Apr. 6 May 3 June 30 July 6 Aug. 30, Sept. 7, Oct. 5 Nov. 9 Dec Jan. 3 Feb. 8, Mar. 8, Apr. 5, May 30, June 30. July 5, Aug. 9. Sept. 6. Oct. 3 Nov. 8.,64,737,737,76,388,938,73 0,69 0,3 0,065 0,70 0,59,66,754,900 3,000 3,00 3,53 3, 3, 3,900 4,000 4,00 4, ,466 4, 4, 4,47 4, 4 4,00 4,00 4,00 4,3 4,00 3, 3, 3,000,706,,00,900,,,756,,,000,00,695 3,49 3,47 3,33 3,648 4,077 4,094 4,04 4,3 4,45 4,339 4,539 4,56 4,55 4,56 4,565 4,589 4,597 4,598 4,607 4,636 4,655 4, 4, 4, 4, 4, 4,709 6,387 64,653 67,93 85,693 96,563 0,00 5,57 40,538 53,99 67,38 63,485 58,366 56,97 60,83 60, 58, 56, 57,00 57, 57,958 58, 59,00 59, 60,000 59,900 60,457 59, 58, 57 56, 56,00 56,49 56, 58, 59, 60 60, 6,68 6, 6,900 6, 6,000 6, 64, , 66, 67, 68, 7,667 70, 70, 7,00 7, , , 78 79, 8,33 5,305 6,605 5,080 3,98,34 3,566 5,36 5,974 7,948 30,387 3,570 35,765 38,373 43, , 43,900 44,000 44, 45,99 45, 46,00 47, ,000 48,34 48,00 47, 48,00 47,00 46, 47,48 46, 47,00 47,900 48,00 49,000 49,604 49, 49, 50, 50, 5,999 53,00 54, 56 57, 59,00 60,366 60, 6, 6, 6, 6,900 63,8 63, 64, , 66, 67,597 6,984 9,049 34,6 53,495 66,434 79,0 9,609 07,003 8,04 8,47,740 3,0 07,873 07,086 06, 04, 0, 0,00 0, 0,45 0, 0, 00, 0, 00, 00,694 99,900 99, 97, 98,00 97, 97,48 97, 99, , 99,00 00,456 00, 99 98,000 97,900 98,00 98,709 97, 97,00 96,000 95, 95,00 96,560 95,00 94, 94, 9 93, 94, ,900 97,000 97, 97,808 3,539 5,5 30,99 45,95 57,740 65,93 75,737 85,885 93,655 0,88 95,9 86,558 8,679 8,99 8, 80,000 77, 78 77,900 76, ,000 74,00 74, , ,900 7, 73, 74, 74,877 76, , ,433 79, 78, 77, 77,00 77, 77,30 76, 75, 73, 73, 7, 7,894 70, 69, 69 68,900 68, 68,76 68,900 69,00 69, 70, 7, 7,343,84,54,645 6,89 7,0,543 4,90 8,846,79 4,6 3,783 3,350,87,559,000,000 0,900 0, 0,,366,00, 3,000 3,333,000,,,00 9, 9,343 8, 7, 7,900 7, 7, 8,885 7, 7, 7, 7, 7, 8,33 8,000 8, 9, 9,00 9, 0,778,,900,,900,98 3,00 3,00 3, 3, 3,80,6,84,8,355,49,76,97,7,594,867 3,046 3,0 3,3 3,38 3, 3, 3, 3,3 3,64 3,08 3,00 3,00 3,38 3,00 3,00 3,00 3,00 3,00 3,058 3,000 3,000,900,900,900,888,900,900,,,,74,,,,,,664 9,098 8,999 8,66 8,80 7,895 7,433 7,547 7,56 8,003 8,577 9,75 9,49 0,05 0,73 0, 0,,00,00,00,08,,,4,,,,,95,,,,,6,,900 3, 3, 3,640 3, 4,00 4, 4, 4, 4,74 4, 4, 4,900 4,900 5, , 5, 5, 5,98 87,60 90,637 93,98,067 3,08 36,3 50,794 65,88 78,350 9,785 88,94 83,457 8,5 88,48 88, , 8 85, 86,055 86,900 87, 87,900 88, 88, 89,90 88,00 87, 86,00 85, 85,00 85,554 85, 87,900 89,000 89, 89, 9,706 9, 90, 90, 90, 9, 93,86 93,00 94,00 94,900 95, 96, 99,009 97, 97, 98, 98, 97, 99,858 99, 00, 03,000 05,00 06, 08,77 79,357 8,8 86,064 04,306 4,8 7,959 4,55 55,960 68,040 80,806 76,5 7,657 69,34 75,348 75,00 73, 7, 7, 7,00 7,857 73, 74,000 74, 75,00 75,00 76, 74,900 74, 7, 7, ,60 7, 73, 74, 74, ,33 77,00 76,00 76,000 76,00 76, 78,568 78,00 79,00 79,900 80,00 8,000 84,385 8, 8, 83, 83, 8,900 85,038 84, 85, ,00 90, 93,40 7,803 7,86 7,98 7,76 8,6 8,73 9,43 9,38 0,30 0,979,079,,88, 3,000, 3,00 3, 3, 3, 3, 3, 3,68 3, 3, 3, 3, 3,95 4,00 4,00 4, 4, 4,39 4, 4, 4,68 4,900 4,900 5, 5 4,64 5,00 4, 4,900 4, 4,80 5,00 5, 5, 6,000 5,900 5,37 4

19 SYSTEM, MONEY SUPPLY, AND RELATED DEPOSITS, Continued of dollars] Money supply Related deposits (not seasonally adjusted) Seasonally adjusted Not seasonally adjusted Time U.S. Government Currency outsiae deposits adjusted Currency outside deposits adjusted Commercial Mutual savings Postal Savings System Foreign, net Treasury cash holdings At commercial savings At F.R. Date 45,5 48,607 8,04 9,65 37,37 38,99 7,879 7,79 5,98 5,884 0,648 0,53,303,33,949,498,75,5 753, June Dec. 3 5,806 6,868 0,936 3,946 4,870 48,9 7,30 8,43 5,60 6,35 0,395 0,664,35,45,64,65,87,9,837 8, June Dec. 3 7,853 79,640 5,84 8,837 56,039 60,803 30, 3,748 7,543 9,4,4,738,576,786,98,65,68,303 8,048 0, June Dec ,435 0,88 3, , ,790,7 4, ,376,03,340,433,57,96, , June Dec ,50 0*34 5,097 6,490 69,053 75, * , , ,93,378,4 79, , June '..Dec. 3 06, 07, 6, 6 80, ,99 0,044 6,56 6,730 79,476 83,34 5,89 53,960 3,49 33,808 6,8 6,869 3,9 3,83,894,885,5,7 3,46 3, June Dec , 6,00 6,00 83,00 84, 08,485 3,597 6,99 6,476 8,86 87, 55,655 56,4 34,835 35,49 7,48 7,746 3,39 3,46,657,68,34,336,367, June Dec. 3 0, 0, 0, 09, 09, 09, 09, 09, 09, 09, ,000 5,900 5, 5, 5, 5, 5, 5, 5, 5, 5, 5, 5 84,900 84, 84, 83,900 84,000 84,00 83, 84,00 83, 84 83,900 83,, 0 07,00 08,00 08,00 08,335 08, 09, 09, 0,,00,599 5, 5, 5, 5, 5, 5,638 5, 5, 5, 5, 5,900 6,079 86, 8 8, 8, 8, 8, , 83,900 85,00 85,00 85,50 56, 56,900 56,900 56,900 56,900 57, ,000 57,50 35,00 35, 35, 35, 35, 35,788 35, 35, 35, 35, 35, 35,804 7,900 7,900 8,000 8,000 8,00 8,94 8,00 8, ,00 8,387 3, 3, 3, 3, 3, 3,378 3, 3, 3,39,,,,,,77,,,,,900,03,37,35,,,,,80,,,,00,45,900, >,000,00,,98,,900,,,,3..Jan Feb. 5..Mar. 3..Apr. 8..May 6..June 30..July 8..Aug. 5..Sept. 9..Oct. 7..Nov. 4..Dec. 3 09,000 08, 08, 08, 08, 08, 08, 08, , 08, 5 5,00 5 5,00 5,00 4,900 4, 4, 4, 83, 83, 83, 83, 83, 83, 83,900 83, 83, 83, 83, 83, 0, 08, 06,00 07, 07, 07,43 08,000 08, 08, ,00,65 5,00 5,00 5,00 4,900 5,66 4,900 5,00 4,900 4,900 5,00 5,45 85, 83, 8,00 8, 8, 8,877 83,00 83, 83, ,750 57, 57, 58,000 58,00 58,00 58,483 58, 58, 58, 58, 58,000 58,66 35, 35,900 36,000 36,00 36,00 36,9 36,00 36,00 36,00 36,00 35, 36,46 8, 8, 8, 8, 8, 8,93 9,000 9,000 9,00 9,00 9,00 9,73 3,59 3,97,00,00,00,000,,97,900,900,900,000,00,50,307,3,000 3,000 3,,00,900,304, 3,00 3, 3, 3,49,00,,,00 438,00 8..Jan Feb. 3..Mar. 30..Apr. 7..May 5..June 30..July 7..Aug. 3.. Sept. 8..Oct. 6..Nov. 30..Dec. 3 09,00 09,00 09, 0,000,,, 3,00 3, 4, 4, 4, 4, 4, 4, 4, 4, 84, 84, 8 85, 86,00 86, 87, 88,00 88, 88, 89,000 90,000,000 09,00 07, 08,900 09, 0,5 0,900,900, 3, 5,00 7,670 4, 4, 4, 5,85 4, 4, 4, 4,900 5,398 86, 84, ,040 86, 87, 88,000 89, ,7 58, 59, , 59, 59,739 59, 59,00 59,000 59,000 58, 59,46 36, , 36, 36, 36,79 36, 36,00 36,00 36,00 35,900 36,34 9, 9, 9, 9, 9, 9,93 9,900 9, 9,900 9,900 9, 0,009 3,00 3,097 3,00 3,000 3,000 3,000,900,93,00,00,,,555,,,,58,98 :,93 4,00 4 3,80 3, 3, 3, 3,00 3,000,989, , Jan Feb...Mar. 9..Apr. 6..May 3..June 30..July 6..Aug. 30..Sept. 7..Oct. 5..Nov. 9..Dec. 30 4,00 5,00 5,00 5, 5, 5,900 6, 7, 7, 9,00 0, 0,00 4, 4, 4, 4, 5,00 5, , 5, 5, 89, 90, 90, 90, 90, 90, 9, 9,00 9, 93, 94,900 94, 6,00 5 3, 4,00 4, 4,736 5, 6, 7, 0,,00 4,549 4, 4,900 5,776 5,00 5 5, 5, 5, 6,35 9, 90, 89,000 89, 89, 88,960 90, 9, 9, ,34 59,000 59,000 59,00 59, ,948 60, , 60,900 60, 6,450 36,00 36,00 36, ,78 36, 37,00 37,00 37, 37 37,859 0,000 0,000 0,00 0,00 0,00 0,38 0, 0, 0, 0, 0, 0,887,900,900,,,,785,,,,,,704,,,,,,44,,00,00,00,79,8,70, 4,00 6, 5, 4, 6,33 4,00 5,00 3, 3, 3,65, Jan Feb. 8. Mar. 8.Apr. 5.May 30.June 30.July 5.Aug. 9.Sept. 6.Oct. 3.Nov. 8.Dec. 3 5

20 . CONSOLIDATED CONDITION STATEMENT FOR BANKS AND THE MONETARY [Single-date figures; in millions Date Gold,900 3,00 3,346 3, 3,87 3,000,,,,,463,00,00,00,000,030,000,000,000,000,000,97,900,900,,,,73,,,,,,678,,,,,,690,,,,,,799,,900,900,900,900,949,,,,,,,,78 Treasury currency outsting 4, 4, 4, 4, 4, 4,754 4, 4, 4, 4, 4, 4,8 4, 4, 4, 4, 4, 4,854 4,900 4,900 4,900 4,900 4,900 4,894 4,900 4,900 4,900 4,900 4,959 4,985 5,00 5,008 5,03 5,00 5,00 5,066 5,00 5,00 5,00 5,00 5,00 5,00 5,00 5,00 5,00 5,00 5,00 5,46 79, ,00 79,900 80, 8, , 88,900 9, 9,866 9, ,00 89,000 88,900 90,77 95, 95, 95,900 96, 98,00 99,79 98, ,00 97,00 98, 00,68 00, 0, 04,000 07, 09, 0,988 09, 08,00 07,000 09,00 09,00 09,87,,00,900 4,000 4, 7,437 4,00 3,00 4,900 4,900 4, 6,563 4,900 7,000 8,000 8,900 0, 3,74 9 8,00 9,000,,,00, 3, 5,00 4, 9,470 Loans, net 66, 67,000 67, 68,00 68, 69,7 70,000 70, 7, 7, ,484 74, ,000 76, 76, 77,07 77, 77, 78, 79,00 79, 80,486 79, ,900 80,00 8,0 80, 80,00 8, 8,900 83,900 85,730 85,00 85, 87,00 87,900 89,000 9,349 9, , 97, 00,03 98,900 99, 0, 0, 0 05,40 04,900 05, 06, 07 08,00 0,0 08,000 08,00 09, 0, 0, 3,000,00, 3, 3,000 3,000 5,57 Assets Bank credit U.S ,00 96,00 95, ,66 98, , 98, 99,900 00,008 98, 97, 96, 94, 94, 95,350 00,00 99, 99 99, 00, 00,935 00, 99,00 96, 98,00 99, 99,87 00, , 05, 05, 04,89 03, 0, 98, 00, ,57 98, 96,900 96, 97 96,000 96,736 94, 93,000 9, 9, 9,000 90,5 89, 90,900 90, 9,000 9,00 93,6 90, 89, 88, 90,00 89, 87, 89,000 88,900 88, 89, 89, 9,370 Government obligations Commercial savings 7, 7,00 70,900 70,00 70, 70,783 7, 7, 7 7, 73, 7, , 70,000 68, 67, 68,08 7, 7,00 7, 7, 73,000 7,60 73, 7,00 69, 7,00 7, 7, ,00 76,00 79,000 78,900 77,78 77, 75, 73,000 74, 73, 7,947 7, 7,00 70, 7, 69, 70,05 69, 67, 67,00 66, 65, 64,97 64, 65, 65,00 65, 66,00 66,53 65, 64, 63, 65, 6 63, 64,00 64,000 63, 6 64, 65,79 Federal Reserve Banks,,,,,906, 3,00 3, 3, 3, 4,697 4,000 3,900 3,900 3, 4,00 4,746 5,00 5 5,96 4, 4, 5,037 4, 3,900 4,000 4, 4,93 3, 3, 3, 3, 3, 3,607 4,00 3, 3, 4, ,785 3, 3, 3, 3, 3,758 3, 3, 3, 3, 4 4,95 3,,900 3,00 3,000,900 3, 3, 4,38,,,,,,577,,,,,,57,,,,,,496,,,,,,409,,,65,00,00,00,00,00,59,00,00,00,00,000,08,000,000,000,900,900,899,900,900,900,900,900 [,836,,,,,,73,,, [,,,,,,,,,340 securities 5,900 6,00 6, 6, 6, 7,00 7,00 7, 7, 7 7 7,374 7, 7, 7, 7, 7, 7,856 8,000 8,00 8,00 8,00 8,00 8,370 8, 8,900 9,000 9,00 9 9,59 9, 9,900 0, ,439 0,900,000,00,00 0,900 0,95 0,900 0,900 0,900 0, 0, 0,670 0, 0, 0, 0, 0, 0,63 0, 0, 0, 0, 0, 0,46 0, 0, 0,900,00,,,,,,,,943 assets, net liabilities capital, net 07, 07,00 08,00 07,900 08,,080 3, 3, 7,000 9, 0,865 9,000 7, 7, 6, 6,00 7,594,,,900 3, 5,00 6,75 4,900 4,00 3,000 4,00 5, 7,54 7, 9 30, 34, 36, 37, ,900 33, 35, 35, 36,55 38,00 37, 38, 40, 4,00 44,35 40,900 39, 4, 4, 4, 43,394 4, 43,900 44,900 45, 47, 50,757 46, 45, 46, 49,00 49, 49,900 50, 50, ,000 5, 57,397 Liabilities capital deposits currency 9, 9, 9 9,00 9,900 94,960 97,00 97,000 97,900 99,900 0, 04,0 0,00 0,000 00, 99,00 99,00 00,360 05,00 04, 04,900 05, 07,00 09,75 07,00 06,00 05,00 06,00 07, 09,354 09,00 0,, 5, 7,00 8,88 7, 6,000 4, 6,900 6, 7,595 8, 8,00 8, 0,,00 4,943,000 9,900,,00,00 3,585, 3,000 4,000 4, 7,000 30,50 6, 5,00 5, 8,00 8,00 9,00 9 9,000 9, 3,00 3,000 36,37 Capital misc. accounts, net 5,900 5, 5,900 5, 5, 6,0 6,00 6, 6, 7,00 6,900 6,647 6,900 6, 7, ,00 7,34 7, 7, 8,000 8,00 8,000 7,538 7, 7,900 7, 7,900 8,00 8,6 8, 8, 9,000 9,00 9,00 8,806 8, 8,900 9,00 8,900 9,00 8, , 9, 0,000 9,900 9,93 9,900 0,000 0,00 0, 0 9,807 0, 0,900 0,900,000 0, 0,46 0 0, 0,900 0,900,00 0,900,00,900,900,900,,03 95 Jan. 30 Feb. 7 Mar. 6 Apr. 30 May 8 June 30 July 30 Aug. 7 Sept. 4 Oct. 9 Nov. 6 Dec _Jan. 8 Feb. 5 Mar. 5 Apr. 9 May 7 June 30 July 9 Aug. 6 Sept. 30 Oct. 8 Nov. 5 Dec Jan. 7 Feb. 4 Mar. 3 Apr. 8 May 6 June 30 July 8 Aug. 5 Sept. 9 Oct. 7 Nov. 4 Dec Jan. 6 Feb. 3 Mar. 30 Apr. 7 May 5 June 30 July 7 Aug. 3 Sept. 8 Oct. 6 Nov. 30 Dec Jan. 5 Feb. 9 Mar. 8, Apr. 5. May 30, June 30. July 5. Aug. 9. Sept. 6, Oct. 3 Nov. 8, 957_Jan. 30. Feb. 7. Mar. 7. Apr. 4. May 9. June 6. July 3. Aug. 8. Sept. 5. Oct. 30. Nov Digitized for FRASER

21 SYSTEM, MONEY SUPPLY, AND RELATED DEPOSITS, Continued of dollars] Money supply Related deposits (not seasonally adjusted) Seasonally adjusted Not seasonally adjusted Time u.s. Government Currency outside deposits adjusted Currency outside deposits adjusted Commercia Mutua savings Postal Savings System Foreign, net Treasury cash holdings At commercial savings At F.R. Date,00,900,000,900 3,000 3, 3,900 4,00 4,00 4,900 5,00 5, 6,000 6,00 5, 5, 6,00 6,00 6, , 6, 6, 6, 6 7,00 6,900 7,900 7, 9,000 9,00 9, 30,000 3,00 3 3, 3, 3,00 3,00 3,000 3, 3 3, 33,00 33, 3 3,900 33, 33, 3 34, , 33,900 33, 34, 34, 34, 34, 34, 3 34,00 35, , 33, 33, 5, 5, 5,900 6,00 6,00 6, , 6, 6, 7,000 6,900 7,000 7,00 7,00 7,00 7, , 7, 7 7 7,000 7,000 7,00 6,900 7,000 6,900 6,900 6,900 6, 6,900 6, 6,900 7,000 6,900 6,900 6,900 7,000 7,000 7,00 7,00 7,00 7 7, 7, 7 7, 7, 7,00 7 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 95, 95, 96,000 95,900 96, 97,00 96, 97,00 97, 97, 98,00 97,00 98,000 98,00 98, 98, 98,900 98, 98, 98,900 98, 99, 99, , 99, 99, 99, 00,00 00,000 0,000 00, 0,00 0 0, 03,00 04,00 04, 0 04, 05,00 05,00 04,900 05, 06,000 05, 05, 06,00 05,900 05, 06,00 06, 06,000 06, 05, 06,000 06, 06,00 07,000 07,00 07,00 07,00 06,900 07,000 06, 07 07,00 06, 06, 06,00 05,900 05, 3,, 0,,00,8,900,00, , 9,00 7 5,00 4,00 4, 4,67 4, 5,00 7, 8,00 30,54 9,00 6, 3, 5 5, 5,5 6, 6 8,00 30,000 3, 34,40 33, 3 9,00 3,00 30,00 30,609 3,000 3,00 33, 34, 38,99 36,000 3, 3, 33,00 3, 33,08 3, 3,900 3, 35, ,76 36,900 34, 3, 34, 3, , ,900 35, 38,555 5, 5, 5, 5,900 6,000 6,474 6,00 6 6, 6, 7, 7,494 6, 6,900 6,900 7,000 7,000 7,369 7,00 7 7, 7, 7,900 8,09 6,900 6,900 6,900 6, 6, 7,093 6, 6,900 6,900 6,900 7, 7,85 6, 6, 6, 6, 6, 7,375 7,00 7 7,00 7 7,900 8,85 7,00 7,00 7,00 7,000 7, 8,84 7, 7, 7, 7, 8,000 8,335 7, 7, 7, 7, 7,900 7, 7, 7, 7, 7, 8, 8,30 97,900 95, 94, 95, ,754 95, 95, 96, 98, 99, 0,508 00, 98 97, 98,000 97, 96,898 97, 97, 97, 00 00,00 0, , 96, 98, 98, 98,3 00,000 99, 0,00 03,00 04,000 06,550 07,000 04, 0, 04, 0 03,34 03,900 03,900 04,900 06,00 06,900 09,94 08,900 05, 04, 06,00 04,00 04,744 05,00 04, 05, 07, 08,39 09, 07,000 05, , 05, 06, 05,00 05, 07,00 07,00 0,54 6, 6,000 6, 6, 63,000 63,676 63, 64,00 64, 64,900 64, 65,799 66,00 66, 66, 67,00 67, 68,93 68, 68, 69,00 69, 69 70,375 70, 7,000 7, 7,000 7, 73,9 73, 74,000 74, 74, 74 75,8 75, 75, 76,00 76,00 76, 77,9 77,00 77, 77, 77,900 77, 78,378 78, 78, , 80,65 80, 80, , 80,900 8,4 8,900 83, 8 84,900 85, 86, 86, 87,00 87, 88,00 87, 89,6 38,000 38,00 38, 38, 38,900 39,30 39, 39, 39, 40,00 40,000 40,666 40, 4,000 4,00 4, 4, 4,45 4 4, 4, 4 4,900 43,659 43, 44,000 44, 44, 4 45,653 46,000 46,00 46, 46, 46 46,844 46, 47,000 47,00 47,00 47, 47,846 47, 48,000 48,00 48,00 47, 48, , 48, 48, 49,000 49,698 49, 49,900 50,00 50,00 49, 50,577 5,00 5, 5, 5,900 53, 54,000 54, 54, 55,00 55, 5 56,39,000,00,,,755,900,000,00,00,586,,900 3,00 3, 3,589 3, 3, 4,000 4,00 4,000 4,358 4, 4,900 5,00 5,388 5, 5, 5, 5,900 5,900 6,30 6, 6, 6,900 6,900 7,00 7,77 7, 7, 7, 7, 7, 8,9 8 8, 8, 8, 8,900 9,5 9,00 9 9, 9, 9, 30,000 30,00 30,00 30, 30, 30, 30,900 30,900 3, ,66,,,,,,69,,,,,,547,,,,,,459,,,,,,359,5,00,00,00,00,00,36,00,00,00,00,000,007,000,000,900,900,900,890,900,,,,,765,,,,,,647,,,,,,,,,,,35,00,00,00,00,39,,,,,,50,,,,,467,,,,,,694,,900 3,000 3,00 3,00 3,56 3, 3, 3,39 3,00 3,00 3,47 3,00 3,67 3,00 3,000 3,000 3,000 3,000 3,5 3,00 3,00 3,00 3, 3,306 3,00 3,00 3,00 3, 3,70,83 [,70, , 3,900 5, 4, 4, 6, 7,000 6,00 6, 5 7,000 5,59 4,00 5, 5,,900,900 3,94 7, 7,000 6,00 3, 5, 4,457 3, 4, 5, 4, 5,00 5,895 3,900 5, 4, 6,00 6,900 4,50 3, 4, 5, 5,48 6,00 5,00 4, 4,900 4, 4,038 4,000 6, 4, 5, 5,537 3, 5, 5, 3, 5,00 4,038,900, 3, 4, 5 4, 3, 4, 3,900 3, 4,79 00 ( 5 ) ( 5 ) Jan Feb. 7..Mar. 6..Apr. 30..May 8..June 30..July 30..Aug. 7..Sept. 4..Oct. 9..Nov. 6..Dec. 3..Jan Feb. 5..Mar. 5..Apr. 9..May 7..June 30..July 9..Aug. 6..Sept. 30..Oct. 8..Nov. 5..Dec. 3..Jan Feb. 4..Mar. 3..Apr. 8..May 6..June 30..July 8..Aug. 5..Sept. 9..Oct. 7..Nov. 4..Dec. 3..Jan Feb. 3..Mar. 30..Apr. 7..May 5..June 30..July 7..Aug. 3.. Sept. 8..Oct. 6..Nov. 30..Dec. 3..Jan Feb. 9..Mar. 8..Apr. 5..May 30..June 30..July 5..Aug. 9..Sept. 6..Oct. 3..Nov. 8..Dec. 3..Jan Feb. 7..Mar. 7..Apr. 4..May 9..June 6..July 3..Aug. 8..Sept. 5..Oct. 30..Nov. 7..Dec. 3 7

22 . CONSOLIDATED CONDITION STATEMENT FOR BANKS AND THE MONETARY [Single-date figures; in millions Assets Liabilities capital Date Gold Loans, net Bank credit U.S. Government obligations Treasury currency outsting Commercial savings Federal Reserve Banks securities assets, net liabilities capital, net deposits currency Capital misc. accounts, net 958 Jan. 9 Feb. 6 Mar. 6 Apr. 30 May 8 June 3 July 30 Aug. 7 Sept. 4 Oct. 9 Nov. 6 Dec Jan. 8 Feb. 5 Mar. 5 Apr. 9 May 7 June 4 July 9 Aug. 6 Sept. 30 Oct. 8 Nov. 5, Dec. 3 I960 Jan. 7 Feb. 4 Mar. 30, Apr. 7 May 5 June 9 July 7 Aug. 3 Sept. 8 Oct. 6 Nov. 30 Dec. 3,,,,000,,356,00,00 0,900 0, 0, 0,534 0, 0, 0, 0 0,00 9, 9, 9, 9, 9, 9, 9,456 9, 9, 9, 9, 9, 9 9,00 9,000 8, 8, 7,900 7,767 5,00 5,00 5,00 5,00 5,00 5,04 5,00 5,00 5,00 5,00 5,00 5,34 5,00 5,00 5, , , 5, 5, 5, 5, 5, 5, 5,398 5, 6, 30,000 34, 34,900 40,45 38, 4,00 40, 4 46,00 49, ,900 47, , 50, 5,00 5,00 5, 5, 55,435 50, , 50, 50, 5, 54, 55,00 58,900 6, 66,78,, 3,900 4, 4,000 6,84 5, 5 5,900 7,000 8,00,60 9, 9,, 3, 4, 6,900 8, 9, 3, 3, 3 35,867 33,000 33, 3 36,00 36, 39,00 38,00 38, 40, 40,00 40,900 44,704 89,900 90, 9, ,900 97,849 97, 00,000 98,00 00,00 0,000 0,07 0, 99, 97,00 97, 97,00 95,00 96,000 95,00 94,00 94,000 93,00 93, , ,000 88, 87,900 90, 90, 9, 9 94,900 95,46 65,00 65, 67, , 7,6 7, 73, 7,00 73, 7 73,64 74,900 7,900 70, 7,000 70,000 68,00 68, 67, 66, 66, 65, 65,80 64, 63,000 6,00 6, 6, 60, 6 63,00 64,00 66, 66, 67,4 3, 3, 3, 3, 4,00 4,900 5,00 4,900 5, 5, 6,347 5, 5 5, 5, 5,900 5,900 6, 6, 6, 6, 6, 6,648 5, 5,00 5 5, 5, 6,00 6, 6, 6, 7,000 7, 7,384 [ [,38 [,00,00,00,9,00,00,00,00,00,00,00,00,00,00 [,00,048,000,000,000,000, ,00 3, 4 4, 5,760 5, 5, 6 6,00 6,000 6,73 6,000 6,00 6 6, 6, 6 6 6,00 6, 6,00 5,900 6,07 5, 5, 5, 5, 5, 5, 5, 5, 5, 6,000 5,900 6,67 53, 5 57, 6, 6, 67,0 65,00 67, 66, 69,00 7,000 74,850 73,00 7,000 70, 73, 73, 73, 75, 76,00 76,900 76, 76 80,0 74,900 73,000 7, 75, 75, 77,00 79,00 79, 8, 84, 8 89,947 3, 3, 35, 39,00 38,900 44,3 4,900 43, 4, 45,00 48,00 5,0 49, 47,00 46, 49, 49, 49, 5, 5,00 5,00 5, 5,00 56,00 50, 48, , ,900 5,00 55,00 57, 57,000 63,65,,00,00,,,880 4,00 3,900 4,00 3,,89 3, 3,900 3,900 3, 4 4,00 4,00 4, 4,900 5,00 4,86 4, 5,00 5 6,000 6, ,00 8,000 6,783 8

23 SYSTEM, MONEY SUPPLY, AND RELATED DEPOSITS, Continued of dollars] Money supply Related deposits (not seasonally adjusted) Seasonally adjusted Not seasonally adjusted Time u.s. Government fur currency outside deposits adjusted currency outside deposits adjusted Commercial Mutual savings Postal Savings System Foreign, net Treasury cash holdings At commercial savings At F.R. Date 33,00 33, 34,000 34, ,00 36, 36,900 37,900 38, 38, 39, 39, 40 40, 40, 40,900 4,00 40,900 40, 40, 40,00 40,00 40,000 39,00 39, 39, 37, 38,000 38, 38, 38, 39,900 38, 39,00 7, 7, 7, 7,900 7,900 7, 7, 7, 7, 7,900 8,000 8,00 8,000 8,000 8,00 8,00 8, , 8, 8 8, , 8,00 8,00 8, ,00 8, 8,00 8,00 05, 05, ,900 07, 07, 08 08,900 09,00 0,000 0, 0,,,,00,00,,,900,,,000,,000, 0,,00, , , 0,, ,000 3,000 34, 33, 33,959 35,900 35, 35,900 39,000 40, 44,47 4, 39,000 38,00 40, 38,900 39,00 4,00 39, 39, 4,00 4,00 44,84 4,900 38, 36, 39, 35, 36,00 38, 37, 37, 40, 40, 44, , 7, 7, 7, 7,790 7,900 8,000 7,900 8,000 8, 8,740 7, 7, 7,900 7,900 8,00 8 8, 8, 8, 8 9,00 9,4 7,900 8,000 8,00 7,900 8,00 8 8, 8, 8 8 8, 9,356 07, 05, 0 07,00 05, 06,69 08,00 07, 08,00,000,900 5,507 3, 0, 0, 0,,,00,, 3,00 5,40 4,000 0, 08,, 07, 07, 0,00 08,900 09,00,900 5,0 89, 90,900 9, 93, 9 95,54 96, 97,000 97,00 97, 96, 98,306 98, 98, 99, 99,900 00, 0,000 00,900 0,00 0, 0, ,779 0,000 0,00 0,00 0 0, 03, 04,00 05,00 06,000 06, 06, 08,468 56, 57, 58, 59,900 60, 6, , 6, 6,900 6,00 63,66 63, 63, 64,00 64, 6 65, 65 65, 65, 65, 64, 65,884 65,00 65, 66,000 66,00 66, 67, 67,900 68,900 69, 70,000 70,000 7,380 3,900 3,00 3, 3, 3, 3,837 3,900 33, , 33, 34,006 33, 34, , 3 34, 3 34, ,947 34,900 34, ,00 35,00 35, 35, 35, 35, 35,900 35,900 36,38,00,00,4,00,00,00,00,00,34,00,00,00,00,00,00,000,000,000,000, , 3,900 4,000 4,000 3,953 4,000 3,900 3, 3, 3, 3,870 3, 3, 3,900 3, 3, 3, 3, 3,00 3,000 3,03,,,,,,900, 3,000,900 3,00 3,00 3, , 3, 5, 5, 5, 9,47 4 5, 4, 3, 5,900 4,558 4, 4, 3,900 5,00 4, 6,000 6, 5, 4, 5,39 3, 4, 4, 4, 7,00 7 6, 5, 7, 6,00 5, 6, Jan Feb. 6..Mar. 6..Apr. 30..May 8..June 3..July 30..Aug. 7..Sept. 4..Oct. 9..Nov. 6..Dec. 3..Jan Feb. 5..Mar. 5..Apr. 9..May 7..June 4..July 9..Aug. 6..Sept. 30..Oct. 8..Nov. 5..Dec. 3..Jan Feb. 4..Mar. 30..Apr. 7..May 5..June 9..July 7..Aug. 3..Sept. 8..Oct. 6..Nov. 30..Dec. 3 9

24 . MONEY SUPPLY AND RELATED DATA, [Averages of daily figures; in billions of dollars] Seasonally adjusted Not seasonally adjusted Period Money supply Currency component deposit component Coml. bank time deposits, adjusted Money supply Currency component deposit component Commercial bank deposits Time, adjusted U.S. Govt. dem I Jan Feb.. Mar Apr May June July Aug SeDt Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct... Nov Dec _jan Feb Mar Apr May June Julv Aug Sept Oct Nov Dec Jan.. Feb Mar Apr May June July... Aug Sept Oct Nov Dec jan Feb Mar Apr May June July Aus Sept... Oct Nov Dec

25 . MONEY SUPPLY AND RELATED DATA, Continued [Averages of daily figures; in billions of dollars] Period Seasonally adjusted Money supply Currency component deposit component Coml. bank time deposits, adjusted Not seasonally adjusted Money supply Currency component deposit component Commercial bank deposits Time, adjusted U.S. Govt. dem 95 Jan.. Feb.. Mar. Apr.. May. June. July. Aug. Sept. Oct.. Nov. Dec Jan.. Feb.. Mar. Apr.. May. June. July. Aug. Sept. Oct.. Nov. Dec. 954_j an.. Feb.. Mar. Apr.. May. June. July. Aug. Sept. Oct.. Nov. Dec. 955 Jan.. Feb.. Mar. M^y! June. July. Aug. Sept. Oct.. Nov. Dec. 956 Jan.. Feb.. Mar. Apr.. May. June. July. Aug. Sept. Oct.. Nov. Dec. 957_Jan.. Feb.. Mar. Apr.. May. June. July. Aug. Sept. Oct.. Nov. Dec , Digitized for FRASER

26 . MONEY SUPPLY AND RELATED DATA, Continued [Averages of daily figures; in billions of dollars] Seasonally adjusted Not seasonally adjusted Period Money supply Currency component deposit component Coml. bank time deposits, adjusted Money supply Currency component deposit component Commercial bank deposits Time, adjusted U.S. Govt. dem 958 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 959 Jan Feb.... Mar Apr May June.. Julv Sept.... Oct Nov Dec I960 Jan Feb Mar.. Apr May June Julv Aug Sent. Oct Nov Dec

27 PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS A. COMMERCIAL AND MUTUAL SAVINGS BANKS, [Single-date figures; amounts in millions of dollars] Date 94 j une June j une june 30.. Dec _j une _J Une June Jan. 8.. Feb. 5.. Mar. 3.. Apr. 8.. May 6.. June 30.. July 8.. Aug. 5.. Sept. 9.. Oct. 7.. Nov _Jan. 6.. Feb. 3.. Mar Apr. 7.. May 5.. June 30.. July 7.. Aug. 3.. Sept. 8.. Oct. 6.. Nov Jan. 5.. Feb... Mar. 9.. Apr. 6.. May 3.. June 30.. July 6.. Aug Sept. 7.. Oct. 5.. Nov. 9.. Dec Jan. 3.. Feb. 8.. Mar. 8.. Apr. 5.. May 30.. June 30.. July 5.. Aug. 9.. Sept. 6.. Oct. 3.. Nov Loans investments 57,946 6,6 64,009 78,47 87,88 96,966 08,707 9,46 9,639 40,7 36,57 3,698 3,096 34,94 35,370 34,390 3,60 33,430 33,690 33,08 34,090 34,440 3,890 33,40 33, 33,693 34,060 33,00 3 3,440 33,450 33,868 34,960 38,70 38,840 39,80 40,00 40,598 4,80 4,30 4,90 4, ,959 43,570 44,560 44,780 45,730 46,660 48,0 46, 46,480 47,0 46,880 46,680 47,74 47,870 48,950 50,550 5,550 53,980 54,869 Loans 5,3 6,65 5,08 3,96,4 3,60 5,44 6,05 7,979 30,36 3,486 35,648 38,365 43, ,650 43,900 43,950 44,680 45,099 45,440 46,000 47,40 47,60 47,90 48,74 48,80 47,80 48,0 47,30 46,90 47,076 46,60 47,360 47,950 48,40 49,30 49,544 49,60 49,890 50,50 50,770 5,80 5,999 53,30 54,760 56,570 57,690 59,50 60,386 60,970 6,90 6,950 63,040 63,340 63,840 63,750 64,470 65,380 66,30 66,990 67,608 U.S. Govt. obligations 3,5 5,5 30,30 45,95 57,748 65,93 75,737 85,885 93,657 0,88 95,9 86,558 8,679 8,99 8,390 79,970 77,560 78,330 77,870 76,774 77,30 77,00 74,30 74,90 74,30 74,097 74,580 73,860 7,560 73,630 74,830 74,877 76,080 78,340 78,90 79,080 78,30 78,433 79,490 78,570 77,360 77,0 77,670 77,30 76,440 75,60 73,750 73,60 7,690 7,894 70,830 69, 69,50 68,850 68,40 68,76 68,850 69,30 69,730 70,780 7,450 7,343 securities 9,4 8,999 8,67 8,80 7,89 7,433 7,547 7,56 8,004 8,577 9,75 9,49 0,05 0,73 0,780 0,770,60,50,40,08,330,40,50,340,70,4,40,50,580,70,95,70,470,,590,570,6,70,860 3,30 3,460 3,450 3,640 3,80 4,90 4,460 4,430 4,450 4,74 4, 4,760 4,90 4,990 4,930 5,76 5,70 5,50 5,440 5,450 5,540 5,98 Cash assets 6,760 7,344 5,575 8,70 6,665 8,475 8,64 30,790 30,7 35,45 33,4 35,04 33,544 38,388 34,490 34,50 33,390 33,380 3, ,970 33,850 36,880 37,660 37,480 39,474 36,930 36,80 35,050 34,760 33,550 34,966 33,370 3, 3,40 33,30 33,440 36,5 33,580 33,70 3,70 3,680 33,30 34,099 34,0 34,060 35,070 35,430 35,880 4,086 37,660 38,590 37,440 37,50 37,00 38,35 37,740 37,090 38,980 40,450 39,90 45,53 assets liabilities capital accounts i 87,90 90,908 9,889 09,04 6,639 7,396 38,740 5,05 6,045 77,33 7,374 68,4 66,337 75,09 7,730 70,830 67,90 68,770 68,70 70,05 70,00 70,390 7,750 73,090 73,040 75,76 7,960 7,980 69,30 69,0 69,060 70,804 70,80 7, ,040 75,630 79,70 77,440 77,050 75, 75,980 77,750 79,59 79,90 80,90 8,970 83,350 84,780 9,37 86,40 87,430 86,750 86,670 86,0 88,336 87,960 88,540 9,830 95,450 96,390 0,903 Deposits 78,0 8,86 8,706 99,803 07,4 7,66 8,605 4,448 5,033 65,6 59,7 55,90 53,349 6,865 58,30 57,30 53,990 54,970 54,640 56,353 56,090 56,340 57,50 59,00 58,560 6,48 58,560 57,590 54,760 54,660 54,460 56,470 55,470 57,860 58,50 60,70 60, 64,467 6,50 6,970 59,950 60,570 6,880 63,770 63,840 64,80 65,730 67,80 68,040 75,96 69,80 70, 69,760 69,770 68,80 7,860 7,00 7,00 74,480 77,730 78,00 85,756 Interbank Time 0,948 0,98 0,87,308 0,895,003,9,35,605 4,065,3,656,679,793,750,0 0,670 0,640 0,380,78,030 0,960,00,390,80,997, 0,670 0,30 0,040 0,00 0,608 0,60 0,930 0,950,,,388,730,370 0,930 0,930 0,780,039 0,900 0,940,0,90,850 3,577,640,580,00,50 0,870,4,830,630,0,880,70 4, U.S. Govt. 40,530 44,355 46,357 6,437 67,554 75,569 83,588 9,653 96,75 05,935 98,043 9,446 89,95,346,0,660,90,360,50,074,90,80,660,0,30,340,90,90 3,80,990,790,47,330,940 3,580 3,450 3,060 3,074 3,60 4,00 4,40 3,050 3,00 3,6 3,40 3,650 3,440,90,,809,60 4,060 6,70 5,60 4,60 6,8 4,350 3,860 4,880 3,490 3,580 3,36 94,38 9, 90,470 87,60 88,060 88,00 88,749 88,50 88,860 89,490 9,050 9,070 9,33 90,590 89,90 86,90 87,430 87,0 87,998 87,890 88,350 88,050 89,730 90,770 93,08 9, 90,30 88,80 89,780 9,60 9,883 9,650 93,550 94,50 95,690 97,030 0,935 98,90 97,990 95,490 95,80 96,0 96,399 96, 97,50 98,790 0,330 03,0 08,8 Time 6,64 6,479 6,06 7,058 8,775 3,089 33,797 37,56 4,70 45,63 48,87 50, 5,375 53,05 53,0 53,530 53,60 53,650 53,650 54,093 53,990 53,980 54,090 54,00 53,80 54,308 54, 54,550 54, 54,930 55,00 55,386 55,90 55,30 55,330 55,350 54,970 55,60 55, 55, , 56,580 56,830 56,470 56,40 56,30 56,30 55,900 56,53 56, 56,90 56,470 56,590 56,70 57,386 57,480 57,790 58,000 58,40 58,80 59,05 Borrowings , ,00 35 capital accounts 8,49 8,44 8,486 8,566 8,748 8,996 9,307 9,643 0,096 0,54,067,360,7,948,990,040,080,0,0,4,360,,450,470,479,550,570,650,680,,845,830,90,980 3,040 3,80 3,088 3,0 3,90 3,70 3,70 3,450 3,576 3,60 3,670 3,70 3, 3,850 3,837 3,870 3,890 3,940 4,000 4,050 4,36 4,70 4,360 4,40 4,530 4,540 4,63 Number of 4,855 4,86 4,775 4,68 4,68 4,579 4,553 4,535 4,54 4,553 4,567 4,585 4,76 4,74 4,78 4,76 4,730 4,73 4,77 4,79 4,77 4,79 4,70 4,7 4,709 4,703 4, 4,690 4,69 4,69 4,69 4,680 4,684 4,687 4,690 4,690 4,685 4,687 4,689 4,683 4,68 4,684 4,674 4,674 4,665 4,656 4,658 4,658 4,659 4,650 4,645 4,639 4,649 4,647 4,644 4,636 4,637 4,634 4,634 4,63 4,65 4,68 For note see p Digitized for FRASER

28 PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS Continued A. COMMERCIAL AND MUTUAL SAVINGS BANKS, Continued [Single-date figures; amounts in millions of dollars] Date 95 Jan Feb. 7.. Mar. 6.. Apr May 8.. June 30.. July 30.. Aug. 7.. Sept. 4.. Oct. 9.. Nov _j an. 8.. Feb. 5.. Mar. 5.. Apr. 9.. May 7.. June 30.. July 9.. Aug. 6.. Sept Oct. 8.. Nov j an. 7.. Feb. 4.. Mar. 3.. Apr. 8.. May 6.. June 30.. July 8.. Aug. 5.. Sept. 9.. Oct. 7.. Nov _Jan. 6.. Feb. 3.. Mar Apr. 7.. May 5.. June 30.. July 7.. Aug. 3.. Sept. 8.. Oct. 6.. Nov Jan. 5.. Feb. 9.. Mar. 8.. Apr. 5.. May 30.. June 30.. July 5.. Aug. 9.. Sept. 6.. Oct. 3.. Nov _j an Feb. 7.. Mar. 7.. Apr. 4.. May 9.. June 6.. July 3.. Aug. 8.. Sept. 5.. Oct Nov Loans investments 55,00 54,790 55,80 55,50 56,50 57,58 60,00 60,00 60, ,490 65,66 65,030 64,580 64,60 63,30 63,00 63,08 68, 68,590 68,560 69,580 7,40 7,497 7,380 7,00 69,90 70,70 7,560 73,343 74,380 76,790 78,040 8, 83,370 83,784 84,340 83,00 8,050 84,0 84,40 84,53 86,90 86,070 86,80 88,490 89,00 90,780 89,530 88, 90,530 90,80 90,640 9,074 90,860 9, 93,660 94,30 95,780 97,063 94,950 94,80 95,440 97,80 97,980 98, 98,530 99,50 99,80 0,450 00,90 03,849 Loans 67,460 67,630 67,990 68,490 68,90 69,74 70,360 70,970 7,090 73, ,5 75,330 75,630 76,80 77,0 77,40 77,7 77,850 78,370 78,730 79,70 80,00 80,58 79, 80,00 80,380 80,80 80,870 8,7 8,340 80,690 8,680 8,330 84,30 85,67 85,70 86, 87,860 88,640 89,790 9,355 9,930 93,940 95,40 96, 98,650 00,057 99, 00,360 0,730 03,50 04,430 05,55 05,960 06,530 07,70 08,0 09,60 0,079 08,830 09,350 0,,,60 3,80,960 3,590 4, 3,970 4,060 5,5 U.S. Govt. obligations 7,80 7,060 70,90 70,0 70,450 70,783 7,650 7,670 7,80 7, 73,560 7,740 7,50 7,40 70,040 68, 67,840 68,08 7, 7,070 7,60 7,660 7,990 7,60 73,350 7,0 69, 7,40 7,390 7,55 73,70 76,0 76,00 79,000 78,860 77,78 77,770 75,580 7,980 74,390 73,740 7,947 7,40 7,90 70,680 7,40 69,840 70,05 69,380 67,640 67,080 66,580 65, 64,97 64,490 65,40 65,60 65,50 66,80 66,53 65,680 64,80 63,750 65,40 65,00 63,360 64,40 64,040 63,70 64,990 64,460 65,79 securities 5,90 6,00 6,370 6,550 6,780 7,00 7,90 7,460 7,380 7,330 7,330 7,374 7,450 7,540 7,750 7, 7,840 7,856 7,950 8,50 8,0 8,00 8,40 8,370 8,530 8,860 9,00 9,90 9 9,59 9,770 9,890 0,60 0,70 0,80 0,439 0,860,00,0,80 0,880 0,95 0,850 0,940 0,890 0,80 0,60 0,670 0,550 0, 0,70 0,70 0,50 0,63 0,40 0,550 0,780 0, 0,440 0,46 0,440 0,640 0,890,40,350,430,430,60,840,490,390,943 Cash assets 39,900 39,80 40,30 40,050 39,350 4,667 40,00 39,60 40,980 4,0 4,60 45,584 40, 4, ,40 39,40 4,03 39,30 39,060 4,480 40,980 4,50 45,8 4,80 4,50 4, 40,780 40,0 4,556 40,30 39,480 40,60 4,630 4,80 44,585 4,0 4,460 40,30 40,850 39,650 4,04 40,70 40,60 4,0 4,480 4,470 47,803 4,70 4,430 40,830 40,70 40, 43,36 40,770 40,560 4,530 43,60 43,70 49,64 4,640 4,350 4,550 4,050 4,570 4,50 4,840 4,080 4,040 4,590 43, 49,38 assets liabilities capital accounts 97,580 97,40 97,940 97,860 98,30 0,793 0,760 0,860 04,40 06,990 0,760 3,837 08,40 08,540 07,40 05,330 05,040 07,758 0,40 0,40,860 3,350 5,60 0,40 5,50 5,0 3,530 4,450 5,80 8,900 7,640 9,70 6,360 8,690 3,654 9,780 7,930 5,660 8,550 7,40 9,63 30,40 30,060 3,30 33,340 35,0 4,008 34,80 33,70 34,90 35,070 35,00 38,33 35, 36,840 40,080 4,370 4,990 50,770 40,730 4,30 4,30 44,0 43,790 45,050 45,740 45,850 46,370 48,660 49,50 57,864 Deposits 79,460 78,770 80,40 79,360 79,30 84,30 83,450 8,770 85,440 87, 90,60 95,55 88,590 88,760 87,660 85,460 85,030 89,59 90,60 90,350 93,080 93,40 94,990 0,00 95,950 94,970 94,60 94, ,508 97,30 98,780 0,50 05,50 07,,5 08,40 05,900 03, 06,480 05,00 08,850 07,900 07,750 08,70 0,450,860 0,44,040 0,30,40,070 0,890 5,50,50,50 5,0 6,570 8,000 7,546 6,040 6,70 5,900 8,930 8,00 9,790 0,640 9, 0,50,030,380 33,00 Interbank,780,360,650,790,630,897,0, 3,0 3,0 3,40 4,575,780,530,40,900,840,75,00,00 3,000 3,50 3,00 4,788 3,480,90 3,070,750,50 3,799 3,80 3,40 3,680 3,970 3,870 5,050 3,430,790,90,870,330 3,484,730,840,940,960 3,00 5,059 3,040,640,780,750,80 3,66 3,00,900 3,480 3,770 3,770 6,33,70,80 3,00 3,040,00,900 3,50,970 3,350 3,40 3,090 5,636 Time ,050,30,69,30,40,50,590,70,760,790,790,,,76,,760,750,,690,76,760,730,760,750,770,587,50,40,430,470,50,65,540,560,590,60,590,46,460,460,470,40,,480,440,,450,470,460,386 U.S. Govt.,530 3,630 5,560 4,30 4,090 5,839 6, 5,900 6,80 6,70 4,944 3,90 5,00 5,530,560, 3,636 7,70 6,680 5,870 3,440 5,40 4,49 3,0 4,0 5,060 4,90 4,80 5,594 3,580 5,40 4,0 5,730 6,60 4,76 3,470 4, 4,070 4,60 5,30 5,08 5,740 4,860 4,0 4,530 4,0 3,7,00 3,640 6,70 4,0 5,450 5,35 3,90 5,460 5,0 3,480 4,930 3,736,60,50 3,50 4,050 5,040 4,490 3,390 4,30 3,580 3,80 3,040 3,903 04,330 0,60 0,330 0,440 0,30 03,408 0,470 0,0 03,70 05, 07,470,689 07,90 06,80 04,580 05,80 04,360 05,753 04,50 04,70 06,30 07,80 08,070,639 09,50 07,540 04,900 05,990 05,80 07,043 07,00 06,90 09,00 0,90,540 6,67 5,760 3,70 0,00,760,0 3,034,40,490 3,690 4,90 6,980 3,38 7, 5,40,930 4,90 3,580 5,850 4,40 3,050 5,40 7,590 8,40 5,308 8, 7,070 4,550 6,70 4,770 5,690 6,690 5,50 5,60 7,00 8,90 3,993 Time 59,80 59,630 60,050 60,350 60,70 6,369 6,540 6,860 6,0 6,650 6,550 63,598 63,860 64,0 64,650 65,030 65,40 66,70 66,340 66,580 67,080 67,580 67,80 68,355 68,60 69,000 69,70 70,00 70,560 7,37 7,780 7,40 7,540 7,930 7,530 73,5 73,680 73,90 74,460 74,540 74,840 75,49 75,430 75,830 76, ,890 76,844 76,880 77,90 77,830 77,830 78,70 79,8 79, 79,550 79,890 80,0 79,570 80,908 8,640 8,30 83,360 83,70 84, 85,30 85,60 86,050 86,60 87,040 86, 88,0 Borrowings 930, ,050,0 94,770, 90,70,960 88,70,480,50,480,40 3,60,00 640,030, , ,090,490,90,390 50,,00,80,460,480 63,590,630,80,870, ,580,480,60,450,390 78,490,670,830,550,90,690,0,750,690,790,70 80 capital accounts 4,640 4,690 4,770 4,890 4,940 5,039 5,00 5,070 5,70 5, 5,80 5,367 5,370 5,440 5,490 5,570 5,680 5,79 5,80 5,890 6,070 6,0 6,00 6,8 6,70 6,90 6,350 6,480 6,550 6,664 6,690 6,770 6,860 7,080 7,30 7,70 7,340 7,440 7,40 7,490 7,630 7,663 7,750 7,890 7,930 8,090 8,0 8, 8,60 8,360 8,40 8,580 8,70 8,8 8,840 8,960 9,0 9, 9,360 9,49 9,340 9,480 9,50 9,590 9,70 9,760 0,000 0,40 0,0 0,450 0,540 0,48 Number of 4,65 4,65 4,606 4,60 4,608 4,599 4,605 4,603 4,599 4,59 4,586 4,575 4,57 4,563 4,556 4,546 4,546 4,537 4,534 4,53 4,55 4,58 4,50 4,509 4,50 4,488 4,48 4,47 4,468 4,465 4,457 4,446 4,436 4,4 4,406 4,367 4,360 4,35 4,330 4,34 4,3 4,309 4,303 4,90 4,86 4,69 4,64 4,43 4,50 4,30 4,9 4,4 4,8 4,06 4,04 4,07 4,06 4,94 4,86 4,67 4,63 4,58 4,60 4,54 4,45 4,38 4,35 4,33 4,8 4,3 4,0 4,090 For note see p Digitized for FRASER

29 3. PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS Continued A. COMMERCIAL AND MUTUAL SAVINGS BANKS, Continued [Single-date figures; amounts in millions of dollars] Date Loans investments Loans U.S. Govt. obligations securities Cash assets assets liabilities capital accounts Interbank Time Deposits U.S. Govt. Time Borrowings capital accounts Number of 958 Jan. 9.. Feb. 6.. Mar. 6.. Apr May 8.. June 3.. July 30.. Aug. 7.. Sept. 4.. Oct. 9.. Nov Jan. 8.. Feb. 5.. Mar. 5.. Apr. 9.. May 7.. June 4.. July 9.. Aug. 6.. Sept Oct. 8.. Nov Jan. 7.. Feb. 4.. Mar Apr. 7.. May 5.. June 9.. July 7.. Aug. 3.. Sept. 8.. Oct. 6.. Nov ,780 0,880 05,990 0,90 0,440 5,79 3,00 5,740 5,470 7,690 0,0,485,90 0,340 9,690,60,880 5,060 5,780 5,530 5,870 5,80 7,83 5,530 4,40 3,770 6,80 6,70 7,00 9,370 9,940 3,00 34,50 34,50 38,63 3, 3,580 4,60 5,0 4,890 7,808 6,00 6,390 7,060 7,960 9,30,57,030,370,850 5,00 6,440 8,690 30,350 3,970 3,60 33,050 34,50 35,958 34,860 35,70 37,00 38,660 39,550 40,990 40,50 4,30 4,80 4,70 4,090 44,764 65,40 65,770 67,0 70,30 70,570 7,6 7,560 73,50 7,40 73, 74,950 73,64 74,850 7,880 70,580 7,00 70,00 68,70 68, 67,570 66,470 66,580 65,360 65,80 64,840 63,000 6,060 6,570 6,80 60, ,0 64,90 66,790 66,560 67,4 3,40 3,530 4, 4,760 4,980 5,760 5,50 5,840 6,70 6,30 6,030 6,73 6,040 6,090 6, 6,590 6,430 6,340 6,30 6,40 6,450 6,40 5,930 6,07 5,830 5, 5, 5,590 5,350 5,450 5,650 5, 5,730 6,00 5,860 6,67 4,950 4,90 4,0 43,730 4,000 44,43 4,730 4,0 4,90 43,00 45,30 49,9 4 43,560 4,40 4 4,50 4,730 4,90 4,50 44,630 44,030 44,870 50,96 43,60 43,490 4, ,030 43,70 43,770 43,830 44, 45,850 46,880 53,0 48,540 50,060 53,30 59,000 57,40 64,55, 6, 6,580 65,490 70,80 76,430 70,00 68,750 66,880 70,990 70,480 70,990 7,50 73,00 75, 75,60 75,990 83,69 74,70 73,430 7,990 75,760 74,360 76,70 79,050 80,000 8,70 86,550 87,650 98,6,430 3,590 6,80 3,360 30,80 37,04 33,880 34,940 34,40 37,450 4,070 50,057 4,830 39,740 38,50 4,00 4,090 4,30 4,690 4,550 46,30 44,850 44,830 54,885 43,550 4,760 39,630 43, 4,30 44,470 45,900 45,830 49,330 5,50 54,00 66,96 3,30 3,000 3, 3,930 3,530 3,789 4,90 4,50 4,00 4,000 3,590 5,799 3,0,850 3,030,850,750,870,630,900 3, 3,50 5,650,90,70,680,50,0 3,070 3, 3,670 4,80 5, 7,080,,30,390,450,497,390,380,,340,360,374,40,90,340,360,30,030,990,90,780,70,60,443,390,90,70,470,490,440,480,60,670,690,740,,50 3, 5,560 5,80 5,40 9,09 4,000 5,490 4,0 3,440 5, 4,53 4,490 4,50 3,590 4,80 4,890 4,40 4,680 5,70 6,40 5,90 4, 5,054 3,540 4,480 4,40 4,480 6,880 7,060 6,30 5,440 7,390 5,970 5,360 5,949 6,680 5,040 4,0 8,90 5, 7,3 7,60 6,830 7,460,060 3,60 30,3 4,40,50 0,480 3,470,540, 3,50,490 3,860 4,350 5,960 3,6 5,30,70 9,70 3,0 8,70 9,570,460 0,,30 4,450 5,90 33,408 88,770 89,90 9,480 9,670 93,60 94,596 95,580 96,090 96,330 96,60 95,90 97,498 97,580 97,930 98,70 99,40 99,680 00,30 00,40 00,530 00,840 00,450 99,660 0,6 00,380 00,560 0,550 0,670 0,00 03,00 03,660 04,680 05,470 06,0 06,0 07,959,50, ,000,0,37 80,560,,50 8,770,0,050,090,40,70,580,770,40,480,860 64,340,80 3,90 3,000 3,80,70,590,90,050,480, ,560 0, 0,830 0,90,040,359,390,540,660,70,80,705,780,860,980,30,70,360,50,,840,870,990,95 3,040 3,50 3, 3,350 3,50 3,770 3,890 4,0 4,30 4,370 4,590 4,539 4,08 4,076 4,078 4,07 4,065 4,055 4,040 4,036 4,034 4,08 4,033 4,00 4,030 4,0 4,0 4,009 4,000 3,997 3,994 4,004 3,996 3,995 3,993 3,99 3,997 3,999 3,999 3,996 4,00 4,000 3,999 3,998 4,000 3,989 3,985 3,986 For note see p. 9. 5

30 PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS- B. COMMERCIAL BANKS, [Single-date figures; amounts in millions of dollars] - Continued Date 94 June June June June 30.. Dec June June _j Une _Jan. 8.. Feb. 5.. Mar. 3.. Apr. 8.. May 6.. June 30. July 8.. Aug. 5.. Sept. 9.. Oct. 7.. Nov Jan. 6.. Feb. 3.. Mar Apr. 7.. May 5.. June 30.. July 7.. Aug. 3.. Sept. 8.. Oct. 6.. Nov Jan. 5.. Feb... Mar. 9.. Apr. 6.. May 3.. June 30.. July 6.. Aug Sept. 7.. Oct. 5.. Nov. 9.. Dec Jan. 3.. Feb. 8.. Mar. 8.. Apr. 5.. May 30.. June 30.. July 5.. Aug. 9.. Sept. 6.. Oct. 3.. Nov Loans investments 47,67 50,746 53,65 67,393 76,633 85,095 95,73 05,530 4,505 4,09 9,448 3,993,756 6,84 6, 5,540 3, 4,340 4,570 3,855 4,760 5,00 3, 4,0 4,0 4,98 4,470 3,40,,50 3,440 3,773 4,770 7,930 8,530 9,480 9, 0,97,30 0, 0 0,330,60,767,30 3,560 4,450 5,380 6,675 5,050 5,00 5,740 5,390 5,060 6,045 6,070 7,030 8,550 30,480 3,860 3,60 Loans 0,355,74 0,65 9, 7,665 9,7,00,644 3,67 6,083 7,30 3, 33,679 38,057 38,40 38,660 38,860 38,850 39,50 39,865 40,40 40,630 4,70 4,640 4,30 4,488 4,450 4,030 4,370 4,30 40,930 4,05 40,50 4,90 4,680 4,780 4,660 4,965 4,940 43,30 43,650 43, 44,080 44,796 45,980 47,70 48,930 49,850 5,50 5,49 5,70 53,540 54,40 54,350 54,460 54,8 54,590 55,60 55,960 56,750 57,70 57,746 U.S. Govt. obligations 0,4,808 6,4 4,379 5,454 59,84 68,43 77,557 84,069 90,606 84,473 74,780 70,539 69, 69,350 67,930 65,470 66,70 65, ,30 65,00 6,460 63, 6,780 6,6 6,970 6,40 60,880 6,950 63,70 63,0 64,440 66,70 66, 67,560 66,90 67,005 67,980 67,070 65,80 65,540 66,00 65,75 64,950 64,30 6,540 6,50 6,740 6,07 59,980 59,060 58,770 58,470 58,0 58,5 58,70 59,40 59,690 60,850 6,630 6,54 securities 7,59 7,5 6,976 6,793 6,54 6,36 6,90 6,39 6,764 7,33 7,845 8,09 8,538 9,006 9,00 8,950 9,70 9,0 9,80 9,9 9,30 9,370 9,40 9,0 9,0 9,89 9,050 9,40 9,50 9,40 9,340 9,58 9,80 0,030 0,50 0,40 0,30 0,7 0,30 0, 0,840 0,990 0,980,,390,,090,080,30,399,360,40,550,570,490,703,760,730,900,880,960 3,339 Cash assets 5,79 6,55 4,8 8,039 5,943 7,677 7,69 30,06 30,7 34,806 3,378 34,3 3,704 37,50 33,640 33,660 3,590 3,630 3,80 34,68 33,40 33,0 36,000 36,80 36,680 38,596 36,30 36,030 34,40 34,030 3,80 34,66 3, 3,90 3,630 3,450 3,680 35,650 3,750 3,870 3,40 3,880 3,540 33,68 33,460 33,330 34,70 34, 35,60 40,89 36,950 37,870 36,560 36,660 36,0 37,384 36, ,70 39,650 39,60 44,645 assets liabilities capital accounts 75,95 79,04 80,07 97,09 04,0 4,350 4,904 37,37 46,094 60,3 53,3 49,78 46,975 55,377 5,90 50,90 47,870 48, 48,580 49,799 49,840 50,090 5,360 5,70 5,70 54,70 5,360 5,80 48, ,060 49,699 49,0 5, 5,880 53,680 54,80 57,677 55,780 55,30 53, 53,900 55,560 56,908 57,690 58,680 59,680 6,060 6, 68,93 63,990 64,960 64,0 64,050 63, 65,50 65,040 65,50 68, 7,70 73,80 79,465 Deposits 67, 7,83 7,3 89,35 96,080 05,93 6,33 8,07 36,607 50,7 4,890 39,033 35,907 44,03 40,350 39,80 35,960 36,90 36,550 38,4 37,880 38,0 39,40 40,70 40,340 4,843 40,040 39,00 36,070 35,90 35,650 37,50 36,480 38,830 39,70 4,50 4,330 45,74 43,080 4,440 40,70 40,80 4,070 43,87 43,940 44,950 45,840 47,80 48,90 55,65 49,30 50,440 49,650 49, 48,570 5,457 50,560 50,570 53,870 57,060 57,540 64,840 Interbank Time 0,936 0,98 0,73,308 0,883,003,9,35,605 4,065,3,656,679,79,750,0 0,670 0,640 0,380,78,030 0,960,00,390,80,997, 0,670 0,30 0,040 0,00 0,608 0,60 0,930 0,950,,,388,730,370 0,930 0,930 0,780,039 0,900 0,940,0,90,850 3,577,640,580,00,50 0,870,4,830,630,0,880,70 4, Dei U.S. Govt. 40,565 44,349 46,373 6,43 67,566 75,569 83,588 9,653 96,75 05,9 98,043 9,446 89,8,343,0,660,90,360,50,07,90,80,660,0,30,338,90,90 3,80,990,790,45,330,940 3,580 3,450 3,060 3,074 3,60 4,00 4,40 3,050 3,00 3,6 3,40 3,650 3,440,90,,806,60 4,060 6,70 5,60 4,60 6,6 4,350 3,860 4,880 3,490 3,580 3,359 94,367 9,790 90,460 87,50 88,040 88,080 88,734 88, 88,840 89,470 9,030 9,050 9,36 90,570 89,70 86,70 87,40 87,00 87,983 87,870 88,330 88,030 89,70 90,750 93,06 9,580 90,90 88, 89,760 9,40 9,863 9,630 93,530 94, 95,670 97,00 0,97 98,70 97,970 95,470 95, 96,00 96,38 96,780 97,30 98,770 0,30 03,090 08,59 Time 5,999 5,95 5,665 6,395 7,63 9,350,36 4,84 7,76 30,4 3,536 33,930 34,947 35,360 35,340 35,590 35, 35,60 35,580 35,899 35, 35,770 35,830 35,830 35,60 35,90 35,900 35,990 36,30 36,00 36,30 36,455 36, ,70 36,50 35,90 36,38 36,90 36,450 36,640 36,770 36,790 36,907 36,590 36, 36,360 36,350 36,070 36,503 36,30 36,50 36,380 36,440 36, 37,004 37,040 37,80 37,40 37,770 37,540 38,37 Borrowings , ,00 34 capital accounts 7,06 7,73 7,37 7,330 7,50 7,79 7,98 8,65 8,68 8,950 9,35 9,577 9,880 0,059 0,0 0,50 0,70 0,00 0,90 0,87 0,340 0,390 0,40 0,460 0,480 0,480 0,550 0,560 0,60 0,650 0,660 0,780 0,760 0,830 0,880 0,930,050 0,967 0,980,00,080,090,50,387,40,470,,580,60,590,60,630,660,30,770,95,980,060,090,00,00,6 Number of 4,305 4,78 4,8 4,36 4,073 4,034 4,009 3,99 4,000 4,0 4,06 4,044 4,83 4,8 4,85 4,93 4,97 4,98 4,94 4,87 4,85 4,87 4,88 4,80 4,77 4,7 4,68 4,59 4,6 4,6 4,6 4,50 4,54 4,57 4,60 4,59 4,54 4,56 4,58 4,5 4,5 4,53 4,43 4,44 4,35 4,7 4,9 4,9 4,30 4, 4,6 4,0 4,0 4,7 4,4 4,07 4,08 4,05 4,05 4,0 4,096 4,089 For note see p Digitized for FRASER

31 3. PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS Continued B. COMMERCIAL BANKS, Continued [Single-date figures; amounts in millions of dollars] Date 95 Jan. 30. Feb. 7. Mar. 6. Apr. 30. May 8. June 30. July 30. Aug. 7. Sept. 4. Oct. 9. Nov Jan. 8. Feb. 5. Mar. 5. Apr. 9. May 7. June 30. July 9. Aug. 6. Sept. 30. Oct. 8. Nov jan. 7.. Feb. 4.. Mar. 3.. Apr. 8.. May 6.. June 30.. July 8.. Aug. 5.. Sept. 9.. Oct. 7.. Nov Jan. 6.. Feb. 3.. Mar Apr. 7.. May 5.. June 30.. July 7.. Aug. 3.. Sept. 8.. Oct. 6.. Nov Jan. 5.. Feb. 9.. Mar. 8.. Apr. 5.. May 30.. June 30.. July 5.. Aug. 9.. Sept. 6.. Oct. 3.. Nov _j an Feb. 7.. Mar. 7.. Apr. 4.. May 9.. June 6.. July 3.. Aug. 8.. Sept. 5.. Oct Nov Loans investments 3,77 3,4 3,53 3,34 33,06 34,43 36,76 36,55 37,09 39,44 4,66 4,6 40,78 40,0 40,00 38,5 38,0 37,957 43,90 43,30 4,990 43,970 45,530 45,687 45,330 44,900 4,790 44,0 45,690 46,383 47,80 49,490 50,580 54,00 55,70 55,96 56,50 54,80 53,490 55,540 55,570 55,64 56,990 56,680 57, 58,860 59,390 60,88 59,40 58,350 59,930 60,080 59,690 60,008 59,580 6,030 6,030 6,540 63,970 65,3 6,80 6,490 6,860 65,0 65,070 65, 65,380 65,900 66,30 67,900 67,70 70,068 Loans 57,5 57,59 57,84 58, 58,5 59,3 59,70 60,0 6,00 6,40 63, 64,6 63,860 64,070 65,70 65,80 65,440 65,05 65,630 66,040 66, 67,0 67,50 67,593 66,460 66,870 67,050 66,750 67,0 67,337 67,90 66,450 67,50 67,740 69,450 70,69 70,550 7,80 7,30 7,90 73,850 75,83 76,570 77,340 78,390 79,0 8,390 8,60 8,980 8,540 84,690 85,90 85,960 86,887 87,40 87,470 88,480 88,780 89,50 90,30 88,930 89,340 90,630 90,990 9,80 93,80 9,340 9,840 93, 9,970 9,940 93,899 U.S. Govt. obliga tions 6,99 6,6 6, 60,45 60,70 6,7 6,90 6,960 6,60 6,860 64,090 63,3 6,760 6,900 60,50 58,890 58,30 58,644 63,0 6,590 6,00 6,340 63,70 63,46 64,60 63,030 60,650 6,30 63,80 63,508 64, ,330 70,60 70,0 68,98 69,000 66, 64,80 65, ,7 63, 6,490 6,00 6,860 6,370 6,59 60,900 59,70 58, 58,50 57,30 56,60 56,90 57,70 56,950 57,450 58,00 58,55 57,70 56,830 55,740 57,460 57,070 55, 56,80 56,70 55,870 57,30 56,90 58,39 securities 3,7 3,39 3,57 3,67 3,84 4,0 4,40 4,380 4,80 4,70 4,70 4,43 4,60 4,30 4,30 4,350 4,350 4,87 4,340 4, 4,530 4,50 4,560 4,668 4,70 5,090 5,30 5,90 5,538 5,650 5,740 6,000 6,0 6,50 6,36 6, 6,840 7,000 6,990 6, ,70 6,850 6,850 6,790 6,630 6,688 6,530 6,640 6,640 6,640 6,40 6,50 6,50 6,390 6, 6,30 6, 6,69 6,70 6,30 6,490 6,670 6,80 6,80 6,760 6,890 7,050 7,60 7,40 7,930 Cash assets 39,07 38,97 39,38 39, 38,53 40,70 39,6 38,38 40,3 40,40 4,8 44,66 39,90 40, 39,40 38,560 38,450 4,56 38,40 38, 40,640 40,00 40,70 44,88 40,330 40,90 40,490 39,830 39,330 4,569 39, 38,540 39,670 40,70 4, 43,559 4,080 40,470 39,50 39,90 38, 4,05 39,790 39,680 40,90 40,590 4,580 46,838 40, 40,530 39,940 39,880 39,970 4,444 39,90 39,730 4, 4,360 4,390 48,70 40, 4,50 40, 4, 40,770 4,380 4,040 4,30 4, 4,790 4, 48,48 assets liabilities capita] accounts 74,0 73,5 74,0 73,80 73,89 77,4 78,50 77,0 79,40 8,080 85,790 88,60 8,960 8,870 8,570 79,30 78,870 8,45 83,940 83,790 86,080 86,480 88,70 93,00 88,50 87,670 85,740 86,50 87,670 90,585 89,90 90,670 9,900 97,480 99,70 0,378 00,70 98,50 95, 98,540 97,0 99,49 99,70 99,340 00,350 0,40 04,00 0,734 0,730 0,040 0,980 03,070 0,780 05,7 0,690 04,090 07,60 08,430 09,930 7,460 07,90 07,680 07,30 0,60 09, 0,70,30,50,590 3,840 4,0,696 Deposits 58,4 57,6 58,8 57,9 57,7 6,34 6,56 60,77 63,6 64,99 68,34 7,93 65,780 65,830 64,530 6,80 6,630 65,53 66,880 66,50 69,090 69,050 70,90 76,70 7,360 70,70 69,0 69, 70,080 74,068 7,770 73, ,80 84,757 8,590 79,40 76,460 79, 77,990 8,56 80,470 80,00 80,990 8,640 84,00 9,54 8,70 8,670 8,440 8,330 8,980 86,36 8,980 83,50 85,690 86,990 88,370 97,55 85,930 85,940 85,440 88,460 87,370 88,880 89,70 88,680 88,930 90,740 9,050 0,36 Interbank,78,36,650,79,630,89,0, 3,0 3,0 3,40 4,575,780,530,40,900,840,75,00,00 3,000 3,50 3,00 4,788 3,480,90 3,070,750,50 3,798 3,80 3,40 3,680 3,970 3,870 5,050 3,430,790,90,870,330 3,483,730,840,940,960 3,00 5,058 3,040,640,780,750,80 3,66 3,00,900 3,480 3,770 3,770 6,33,70,80 3,00 3,040,00,900 3,50,970 3,350 3,40 3,090 5,636 Time ,050,30,67,30,40,50,590,699,760,790,790,,,759,,760,750,,690,759,760,730,760,750,770,585,50,40,430,470,50,63,540,560,590,60,590,460,460,460,470,40,,480,440,,450,470,460,385 U.S. Govt.,530 3,630 5,560 4,30 4,090 5,837 6, 5,900 6,80 6,70 4,94 3,90 5,00 5,530,560, 3,634 7,70 6,680 5,870 3,440 5,40 4,46 3,0 4,0 5,060 4,90 4,80 5,59 3,580 5,40 4,0 5,730 6,60 4,7 3,470 4, 4,070 4,60 5,30 5,078 5,740 4,860 4,0 4,530 4,0 3,709,00 3,640 6,70 4,0 5,450 5,3 3,90 5,460 5,0 3,480 4,930 3,733,60,50 3,50 4,050 5,040 4,490 3,390 4,30 3,580 3,80 3,040 3,898 04,30 0,58 0,30 0,4 0,8 03,38 0,440 0,090 03,40 05,770 07,440,659 07, 06,50 04,550 05,50 04,330 05,78 04,0 04,30 06,90 07,780 08,030,604 09,470 07, 04,860 05,950 05,780 06,996 06,960 06,40 08,970 0,870,490 6,567 5,70 3,0 0,50,70,060,983,90,440 3,640 4,860 6,930 3,87 7,550 5,090,870 4,860 3,50 5,84 4,0 3,00 5,0 7,560 8,0 5,8 8,570 7,040 4,50 6,690 4,740 5,660 6,660 5,0 5,30 7,070 8,60 3,967 Time 38,6 38,50 38,750 38,930 39,50 39,6 39,680 39,890 40,070 40, ,0 4,080 4,30 4,550 4,780 4,050 4,58 4,630 4,790 43,30 43,530 43,50 43,997 44,070 44,340 44, ,380 45,983 46,90 46,540 46,740 47,030 46, 47,09 47,80 47,30 47,570 47,60 47,780 48,4 48,050 48,330 48,430 48,540 48,00 48,75 48,60 48,880 49,90 49,40 49,30 50,030 50,00 50,0 50, 50,570 49,970 50,908 5,560 5,0 5,930 53,70 53,890 54,350 54,70 55,060 55,40 55, ,440 Borrowings 930, ,050,0 94,770, 90,70,960 88,70,480,50,480,40 3,60,00 640,030, , ,090,490,90,390 50,,00,80,460,480 59,590,630,80,870, ,580,480,60,450,390 75,490,670,830,550,90,690,0,750,690,790,70 77 capital accounts,40,80,340,460,,60,580,630,70,,80,888,890,950,980 3,070 3,80 3,75 3,90 3,350 3,50 3,570 3,630 3,559 3, 3, 3,750 3,870 3,930 4,038 4,060 4,0 4,00 4,40 4,640 4,576 4,650 4,730 4,680 4,770 4,890 4,906 4,980 5,00 5,0 5 5, ,340 5,50 5,550 5,70 5,80 5,97 5,940 6,040 6,80 6,330 6, 6,30 6,380 6, 6,50 6,580 6,680 6,750 6,970 7,090 7,40 7,380 7,440 7,368 Number of 4,086 4,086 4,077 4,073 4,079 4,070 4,076 4,074 4,070 4,06 4,057 4,046 4,04 4,035 4,08 4,08 4,08 4,009 4,006 4,004 3,997 3,990 3,98 3,98 3,98 3,960 3,954 3,944 3,940 3,937 3,99 3,99 3,909 3,895 3,879 3,840 3,833 3,84 3,803 3,786 3,784 3,78 3,776 3,763 3,759 3,74 3,737 3,76 3,73 3,703 3,70 3,697 3,69 3,679 3,677 3,680 3,679 3,667 3,659 3,640 3,636 3,63 3,633 3,68 3,69 3,63 3,60 3,608 3,603 3,588 3,578 3,568 For note see p Digitized for FRASER

32 3. PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS Continued B. COMMERCIAL BANKS, Continued [Single-date figures; amounts in millions of dollars] Date Loans investments Loans U.S. Govt. obligations securities Cash assets assets liabilities capital accounts Interbank Time Deposits U.S. Govt. Time Borrowings capital accounts Number of 958 Jan. 9.. Feb. 6.. Mar. 6.. Apr May 8.. June 3.. July 30.. Aug. 7.. Sept. 4.. Oct. 9.. Nov _j an. 8.. Feb. 5.. Mar. 5.. Apr. 9.. May 7.. June 4.. July 9.. Aug. 6.. Sept Oct. 8.. Nov I960 Jan. 7.. Feb. 4.. Mar Apr. 7.. May 5.. June 9.. July 7.. Aug. 3.. Sept. 8.. Oct. 6.. Nov ,650 68,580 7,40 75,560 75,440 79,905 77, 79,990 79,50 8,670 84,050 85,65 85,60 83,840 8,940 85,740 85,80 85,90 87,660 88,90 87,790 88,380 88,80 90,70 87,780 86,540 85,680 88,80 88,580 88,900 90,890 9,40 93,70 95,580 95,490 99,509 9,00 9,090 9,980 93,450 9,900 95,57 93,60 93,760 94,30 94,970 96,060 98,4 97,70 97,890 99,90 0,0 0,440 04,450 05,940 07,370 07,830 08,60 09,470 0,83 09,550 0,50,390,950 3,630 4,840 4,70 4,660 5,430 4,790 5,00 7,64 57, 58, 59,550 6,830 63,40 64,94 64,30 66,060 64,70 66,70 67,660 66,376 67,530 65,50 63,60 63,630 6,60 60,860 6,0 60,90 59,30 59,60 58,480 58,937 57,980 56,70 54,60 55,830 55,40 54,0 56, 56,580 57,690 60,390 60,80 6,003 7,930 8,30 8,880 9,80 9, 0,40 9,860 0,70 0,560 0,530 0,330 0,575 0,380 0,430 0,590 0,900 0,750 0,60 0,60 0,530 0,730 0, 0,330 0,50 0,50 0,0 0,30 0,030 9,80 9,850 0,00 0,000 0,50 0, 0 0,864 4,070 4,340 4,90 4,850 4,0 43,507 4,880 4,70 4,330 4,60 44,30 48,990 4, 4,740 4,380 4,550 4,760 4,930 4,570 4,430 43,90 43,330 44,50 49,467 4,470 4,780 4,780 4,60 4,360 4,880 43,00 43,080 43,70 45,00 46,0 5,50 3,050 4,30 7,090,870 0,840 7,847 3,970 5,60 5, 8,30 3, 38,65 3,470 30,900 8,70 3,830 3,00 3,380 33,870 34,70 36, 36,440 37,0 44,686 35, ,590 36,480 34,980 37,040 39,70 40,000 4,530 46,90 47,90 57,55 90,470 9,480 94, 99,850 97,590 04,335 00,90 0,840 0,050 03,990 07,570 6,07 07,960 05,760 03,850 07, 06,670 06,630 08,30 07,90,480 0,00 0,0 9,903 08,650 06,80 04,350 08,080 06,090 09,00 0,40 0,40 3,50 6,580 8,30 9,843 3,30 3,000 3, 3,930 3,530 3,789 4,90 4,50 4,00 4,000 3,590 5,799 3,0,850 3,030,850,750,870,630,900 3, 3,50 5,649,90,70,680,50,0 3,070 3, 3,670 4,80 5, 7,079,,30,390,450,495,390,380,,340,360,37,40,90,340,360,30,030,990,90,780,70,60,44,390,90,70,470,490,440,480,60,670,690,740,799,50 3, 5,560 5,80 5,40 9,05 4,000 5,490 4,0 3,440 5, 4,50 4,490 4,50 3,590 4,80 4,890 4,40 4,680 5,70 6,40 5,90 4, 5,050 3,540 4,480 4,40 4,480 6,880 7,060 6,30 5,440 7,390 5,970 5,360 5,945 6,650 5,00 4,80 8,60 5,30 7,086 7,590 6, 7,430,030 3,580 30,04 4,0,490 0,450 3,440,50,570 3,0,460 3,830 4,30 5,930 3,593 5,90,690 9,690 3,090 8,690 9,540,430 0,570,00 4,40 5, 33,379 56,840 57,840 59,00 60,90 60,960 6,759 6,650 63,00 6,990 63,80 6,440 63,493 63,740 63,980 64,440 64,870 65,90 65,740 65,60 65,90 66,030 65,830 65,070 66,69 65,50 65, ,50 66,80 67,670 68,0 69,0 69,690 70,30 70,70 7,64,50, ,000,0,36 80,560,,50 73,770,0,050,090,40,70,580,770,40,480,860 65,340,80 3,90 3,000 3,80,70,590,90,050,480, ,470 7,580 7,70 7,80 7,90 8,78 8,90 8,30 8,40 8,470 8,550 8,486 8,570 8,60 8,730 8,890 8,990 9,030 9,70 9,340 9,440 9, 9,590 9,556 9,650 9,730 9,860 9,960 0,0 0,80 0,380 0,580 0,660 0,80,000 0,986 3,56 3,556 3,558 3,55 3,545 3,535 3,5 3,57 3,55 3,509 3,54 3,50 3,5 3,504 3,494 3,49 3,48 3,479 3,476 3,486 3,478 3,478 3,476 3,474 3,480 3,48 3,48 3,480 3,486 3,485 3,484 3,483 3,485 3,474 3,470 3,47 For note see p. 9. 8

33 3. PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS Continued C. MUTUAL SAVINGS BANKS, [Single-date figures; amounts in millions of dollars] Call date Loans Loans investments Investments U.S. Government obligations securities Cash assets assets liabilities capital accounts l deposits capital accounts Number of 94_june 30. 0,3 0,379 4,958 4,90 5,363 5,478 3,46 3,704,937, ,996,804 0,648 0,533,3, June 30. 0,360 0,754 4,8 4,695 5,538 6,059 3,89 4,57,647, ,68,933 0,395 0,668,49, _june 30.,48,87 4,58 4,484 6,666 7,387 5,90 6,090,376, ,49 3,046,4,738,47, _june 30. Dec. 30.,976 3,93 4,44 4,370 8,56 9,560 7,306 8,38,57, ,836 4,788,47 3,376,35, June 30. 5,34 6,08 4,307 4,79 0,87,98 9,588 0,68,40, ,95 7,00 4,46 5,385,477, June 9. 7,5 7,704 4,356 4,56,769 3,79,438,778,33, ,054 8,703 6,8 6,869,75, June 30. 8,339 8,64 4,686 4,944 3,653 3,696,40,978,53, ,36 9,74 7,44 7,763,84, June 30. 9,6 9,395 5,34 5,686 3,99 3,709,976,476,06, ,5 0,474 8, 8,405,955, June 30. 0,094 0, 6,050 6,578 4,044 3,8,657,48,387, ,05,493 8,949 9,93,065, June 30. Dec. 30.,9,346 7,03 8,37 3,989 3,09,569 0,868,40, ,5,385 9,943 0,03,89, June 30.,697,59 9,00 9,86,677,398 0,05 9,89,47, ,835 3,439 0,404 0,95,85, June 30. 3,09 4,003 0,509,349,58,654 9,606 9,4,976 3, ,378 5,33,78,6,438, June 30. 5,4 5,80,09,95 3,033,885 9,464 9,84 3,569 3, ,333 7,30 3,68 4,398,56, June 30. 6,959 7,868 3,890 4,998 3,069,87 9,07 8,748 4,05 4,3 987,06 8,35 9,76 5,440 6,359,66, June 30. 8,990 9,898 6,7 7,456,88,44 8,675 8,460 4,4 3, ,38 3,74 7,334 8,87,757, June 30. 3,066 3,940 8,639 9,777,47,63 8,97 7,97 4,30 4, ,4 33,3 9,84 30,03,885, June 6. 3,950 33,78 0,487,6,463,565 7,906 7,55 4,557 5, ,54 35,68 30,678 3,695 3,04 3, June 3. 35,74 36,30,37 3,357 3,037,963 7,47 7,65 5,60 5, ,678 37,779 3,869 34,040 3,8 3, June 0 Dec. 3 37, 37,56 4,49 5,6 3,07,435 7,349 6,864 5,74 5, ,56 38,943 34,503 34,983 3,35 3, I960 June 5 Dec ,4 6,069 7,,30,99 6,68 6,39 5,603 5, ,598 40,574 35,335 36,353 3,465 3, Includes other assets liabilities not shown separately. 9

34 4. NUMBER AND DEPOSITS OF COMMERCIAL AND [June NUMBER Call date Commercial National State Insured Mutual savings Insured Noninsured Noninsured 94 June June _j U ne _j un e30. Dec June June _j un e June June _j une 30. Dec June June _j U ne3o. 954 June June June June June _june 0. I960 June 5. 4,855 4,86 4,775 4,68 4,68 4,579 4,553 4,535 4,54 4,553 4,567 4,585 4,76 4,74 4,79 4,703 4,680 4,687 4,674 4,650 4,636 4,68 4,599 4,575 4,537 4,509 4,465 4,367 4,309 4,43 4,06 4,67 4,44 4,090 4,055 4,00 3,988 3,99 4,006 3,986 4,305 4,78 4,8 4,36 4,073 4,034 4,009 3,99 4,000 4,0 4,06 4,044 4,83 4,8 4,87 4,7 4,50 4,56 4,44 4, 4,07 4,089 4,070 4,046 4,009 3,98 3,937 3,840 3,78 3,76 3,679 3,640 3,69 3,568 3,535 3,50 3,470 3,474 3,49 3,47 6,556 6,69 6,647 6,679 6,703 6,738 6,773 6,84 6,840 6,884 6,887 6,900 6,98 6,93 6,95 6,98 6,903 6,89 6,885 6,873 6,859 6,840 6,85 6,798 6,765 6,743 6,7 6,660 6,6 6,543 6,499 6,46 6,445 6,393 6,357 6,3 6,80 6,33 6,7 6,74 5,30 5,7 5,0 5,08 5,060 5,040 5,036 5,05 5,05 5,07 5,0 5,007 5,0 5,005 4,998 4,99 4,987 4,975 4,97 4,958 4,946 4,939 4,95 4,909 4,874 4,856 4,835 4,789 4,744 4,69 4,667 4,65 4,647 4,60 4,599 4,578 4,559 4,54 4,54 4,530,46,50,546,598,643,698,737,789,85,867,875,893,96,98,97,97,96,97,94,95,93,90,890,889,89,887,886,87,867,85,83,8,798,773,758,734,7,69,675,644 7,75 7,66 7,584 7,460 7,373 7,99 7,39 7,8 7,63 7,30 7,4 7,47 7,58 7,6 7,65 7,56 7,50 7,67 7,6 7,5 7,5 7,5 7,58 7,5 7,47 7,4 7,9 7,83 7,73 7,76 7,83 7,8 7,77 7,78 7,8 7,9 7,93 7,44 7,76 7 6,869 6,80 6,755 6,667 6,598 6,535 6,494 6,45 6,440 6,46 6,446 6,457 6,46 6,478 6,493 6,498 6,57 6,540 6,553 6,56 6,58 6,60 6,6 6,67 6,655 6,67 6,66 6,647 6,660 6,677 6,73 6,737 6,748 6,753 6,768 6,793 6,80 6,878 6,96 6,

35 MUTUAL SAVINGS BANKS, BY CLASS OF BANK, December call dates] DEPOSITS [In millions of dollars] Commercial National State Insured Mutual savings Insured Noninsured Noninsured Call date 78,0 8,86 8,706 99,796 07,4 7,66 8,605 4,449 5,033 65,6 59,7 55,90 53,349 6,865 56,353 6,48 56,470 64,467 63,770 75,96 7,860 85,756 84,30 95,55 89,59 0,00 99,508,5 08,850 0,44 5,50 7,546 6,986 33,00 37,04 50,057 4,096 54,885 49,63 66,96 67,47 7,83 7,3 89,3 96,083 05,93 6,33 8,07 36,607 50,7 4,890 39,033 35,907 44,03 38,4 4,843 37,50 45,74 43,87 55,65 5,457 64,840 6,348 7,93 65,53 76,70 74,068 84,757 8,56 9,54 86,36 97,55 86,308 0,36 04,335 6,07 07,594 9,903 3,89 9,843 58,5 6,77 63,404 78,77 84,06 9,6 0,76 0,97 8,378 9,670,59 8,70 5,435,58 7,45,36 6,980 3,885,707 33,089 9,737 4,05 38,769 47,57 40,830 50,64 48,5 57,5 54,670 63,757 58,388 67,906 57,593 70,637 73,904 8,86 74,8 84,706 79,59 93,09 37,73 39,458 40,534 50,468 54,589 59,96 65,585 7,858 76,533 84,939 80, 78,775 77,46 8,03 78,753 8,407 78,9 83,3 8,430 89,8 86,589 94,73 9,70 98,974 94,475 00,654 99,36 05,85 98,636 03,903 00,86 07,6 00,989 09,09 0,065 6,74,659 9,638 6,78 4,9,38,59,87 7,808 9,47 3,30 35,690 39,059 4,844 44,730 4,307 39,395 38,89 40,505 38,699 39,955 38,76 40,77 40,77 43,808 43,49 46,843 46,049 48,553 46,355 49,50 48,890 5,40 56,034 59,854 57,563 60,744 56,605 6,545 63,839 66,0 6,5 65,069 63,34 68,8 8,969 9,574 8,95 0,864,076 3,67 4,869 7,68 8,4 0,57 0,387 0,879 0,488,59 0,706,497 0,556,305,37,93,737 3,843 3,598 5,44 4,7 6,560 5,838 7,58 6,870 8,5 7,96 9,635 8,740 30,75 30,458 33,7 3,80 35,4 34,38 36,834 7,04 7,70 7,754 9,535 0,557,84,880 4,809 5,880 8,9 8,08 8,836 8,40 9,340 8,509 9,96 8,40 9,69 9,08 0,6 9,74,9,606 3,464,84 4,555 3,89 5,657 5,08 6,779 6,36 8,073 7,9 9,66 8,94 3,696 3,365 33,795 3,94 35,39,865,87,6,39,59,89,989,358,36,45,79,043,48,5,97,0,46,036,09,976,996,93,993,960,880,005,00,87,788,74,646,56,448,449,56,53,444,49,386,443 0,648 0,533 0,395 0,664,4,738,47 3,376 4,46 5,385 6,8 6,869 7,44 7,763 8, 8,405 8,949 9,93 9,943 0,03 0,404 0,95,78,6 3,68 4,398 5,440 6,359 7,334 8,87 9,84 30,03 30,678 3,695 3,869 34,040 34,503 34,983 35,335 36,353,803,789,864,048,739 7,534 8,35 8,90 9,67 0,363 0,979,48,90,07,58,77 3,4 3,59 4,8 4,30 4,94 5,368 6,08 6,785 7,695 8,383 9,95 9,885 0,590,37,959,886 3,578 5,0 6,08 7,77 8,04 8,577 8,84 3,50 8,845 8,744 8,53 8,66 8,40 4,03 4,36 4,466 4,754 5,0 5,30 5,44 5,54 5,556 5,630 5,633 5,709 5,70 5,85 5,7 5,479 5,547 5,70 5,836 5,933 6,05 6,46 6,474 6,743 6,950 7,5 7,46 7,00 6,67 6,787 6,763 6,46 6,405 6,5 4,850.June Dec. 3.June Dec. 3.June Dec. 3.June Dec. 30.June Dec. 3.June Dec. 3.June Dec. 3.June Dec. 3.June Dec. 3.June Dec. 30.June Dec. 3 June Dec. 3 June Dec. 3 June Dec. 3 June Dec. 3 June Dec. 3 June Dec. 3 June Dec. 3 June Dec. 3 June Dec. 3 3