the BUSINESS SITUATION - Bureau of Economic Analysis

November 1965 SURVEY OF CURRENT BUSINESS S-17
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
BANKING— Continued
All member banks of Federal Keserve System,
averages of daily figures :
Reserves held, total _ mil. $._
Required do
Borrowings from Federal Reserve banks... do —
Weekly reporting member banks of Fed. Res. System ,
condition, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedc? — — mil. $—
Demand total 9 - do
Individuals, partnerships, and corp . do
State and local Governments do
U S Government - '. do
Domestic commercial banks— —do
Time total? - -do
Individuals , partnerships, and corp. :
Othertime -- do
Loans (adjusted), totaled - do
Commercial and industrial do
For purchasing or carrying securities— —do—
To nonbank financial institutions -do
Real estate loans - do
InvestmentSt total . do
II S Government securities, total. do
Notes and bonds - ...do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, ad justed: J
Total loans and investments© bil. $
L/oansO - - - do
U S Government securities. _. .do
Other securities .__ do
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities percent
New York City do
7 other northern and eastern cities do
11 southern and western cities do
Discount rate, end of year or month (N.Y.F.R.
Bank) percent..
Federal intermediate credit bank loans do
Federal land bank loans--— — . —do
Home mortgage rates (conventional 1st mortgages):*
New home purchase (U.S. avg.) __„.._ percent-
Existing home purchase (U.S. avg.) do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)... do —
Commercial paper (prime, 4-6 months).. do
Finance Co. paper placed directly, 3-6 mo__do
Stock Exchange call loans, going rate do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue) percent..
3-5 year issues ... :— .. do
Savings deposits, balance to credit of depositors:
NY State savings banks endofyr or mo mil. $
U.S. postal savings f do
CONSUMER CREDIT*
(Short- and Intermediate- term)
Total outstanding end of year or month mil.$
Installment credit, total. do__
Automobile paper „ _ do—..
Other consumer goods paper... _ do
Repair and modernization loans „ do
Personal loans. ; do
By type of holder:
Financial institutions, total do
Commercial banks _ do
Sales finance companies do
Credit unions . _ _ do
Consumer finance companies —do—
Other.— do
Retail outlets, total .__ do
Department stores — _. —do
Furniture stores __ do—
Automobile dealers--— do—
Other — . do
Nontnstallment credit, total.- -,__ do— —
Single-payment loans, total... do
Commercial banks... — do —
Other financial institutions do
1963 1964
End of year
120,746
120,210
1536
1327
1209
67,844
104, 335
74, 513
5,338
4,556
13,320
59, 227
38, 083
13,310
92, 901
38, 793
6,621
8 595
17, 880
23, 809
48, 404
29 018
23, 127
19, 386
246 5
149 4
62 1
35 0
2 5 01
24 79
2 5 oi
2 5 3o
3.50
34.26
3 5 49
35.84
35 98
83.36
33.55
83.40
34.50
33.157
33 72
25 693
452
69 890
53 745
22 199
13, 766
3,389
14 391
46, 992
21, 610
13, 523
5,622
4, 590
1,647
6,753
3,427
1,086
328
1 912
16, 145
5,959
5,047
912
i 21,609
121,198
1411
1243
U68
68, 045
102,574
73, 654
5,239
4,563
12, 539
66,881
40, 698
16 407
102, 227
42, 119
6,677
9,032
20, 008
29, 156
48,783
27, 679
21, 979
21, 104
267.2
167.1
61.4
38.7
24.99
24.75
25.02
25.30
4.00
34.70
35.45
3 5. 78
35.93
33.77
3 3. 97
33.83
34.50
3 3. 549
3 4 06
28 260
390
76 810
59 397
24 521
15, 303
3 502
16 071
51, 990
23,943
14, 762
6 458
5,078
1,749
7,407
3,922
1, 152
370
1 963
17, 413
6,473
5,469
1,004
1964
Sept. Oct. Nov. Dec.
20,928
20,508
420
331
89
63, 722
99,479
68, 867
5,224
6,951
12, 318
64, 719
39, 873
15, 854
97, 784
39, 953
6,796
8,558
19, 533
26,982
48, 094
27, 207
21, 955
20, 887
261.7
163.0
61.2
37.5
4.98
4.72
5.01
5.31
3.50
4.75
5.45
5.77
5.93
3.75
3.89
3.75
4.50
3.527
4.03
27 606
403
73 495
57, 446
24 295
14, 046
3,493
15 612
50, 937
23, 527
14, 553
6 283
4,845
1 729
6,509
3, 371
1,048
365
1 725
16, 049
6 354
5,361
993
FINANCE—Continued
21,033
20,618
415
309
106
64, 999
94,544
68, 627
5,035
3,389
11, 699
65, 478
40, 061
16,464
96, 545
39, 882
5,863
8,030
19, 719
27, 267
47, 818
26, 928
21, 655
20, 890
261.1
163.2
60.0
37.9
3.50
4.74
5.45
5.75
5.91
3.75
4.00
3.91
4.50
3. 575
4.04
27 713
397
73 928
57 826
24 423
14, 222
3,509
15 672
51, 220 51, 341
23, 663 23, 680
14, 625 14, 622
6 334 6 378
4 870 4, 919
1 728 1 74?
6,606 6,744
3 444 3,541
1 062 1,088
367 367
1 733 1 74.8
16 102
6 333
5,361
972
21,159
20,763
396
430
-34
64, 607
97, 707
69, 515
5,333
4,364
12, 548
65, 670
40, 312
16, 237
98, 992
40, 999
5, 865
8, 431
19,909
28, 355
48, 005
27, 256
22, 103
20, 749
1 265. 5
165.4
61.6
38.5
4.00
4.76
5,45
5.75
5.94
3.79
4.02
3.89
4.50
3.624
4 04
27 893
393
74 371
58 085
24 367
14, 431
3,516
15 771
r Revised.
i Average for Dec. 2 Q.uarterly average. 3 Monthly average.
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process of collectionfor
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves)
9 Includes data not shown separately. IData have been revised as follows- Commercial
bank credit (seas. adj. only), back to 1948; consumer credit—unadj., back to 1962;
791-025 O - 65 - 5
16, 286
6 412
5,377
1.035
21,609
21,198
411
243
168
68,045
102,574
73,654
5,239
4,563
12,539
66, 881
40,698
16,407
102, 227
42, 119
6,677
9,032
20,008
29, 156
48, 783
27, 679
21, 979
21, 104
267.2
167.1
61.4
38.7
5.00
4.77
5.03
5.31
4.00
4.74
5.45
5.76
5.92
4.00
4.17
3.98
4.50
3. 856
4.07
28 260
'390
76 810
59 397
24 521
15 303
3 502
16 071
51 990
23 943
14 762
6 4KO
5 078
1 749
7,407
3 922
1 152
370
1 Qft3
17 413
6 473
5 469
1.004
1965
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct.
21,619
21,217
402
299
103
64,992
96,059
68,515
5,396
3,643
11,948
69,234
41,334
17,961
101,060
42,239
6,368
8,331
20,074
28,517
48,145
26,516
21,506
21,629
269. 6
170.2
59.9
39.5
4.00
4.78
5.45
5.79
5.95
4:00
4.25
4.05
4.50
3.828
4.06
28 482
385
76, 145
59, 342
24 574
15, 204
3,473
16 091
52, 159
24, 091
14, 797
6 429
5, 078
1 764
7,183
3 791
1,128
373
1 QQ1
16 803
6 412
5 409
1.003
21, 227
20, 790
437
405
32
63, 507
96, 238
68, 127
5,423
4,036
12, 327
70,341
41, 744
18, 359
102,301
43, 343
6,151
8,404
20, 188
28, 860
47, 931
25, 963
21, 354
21, 968
272.1
171.9
60.2
40.0
4.00
4.84
5.43
5.79
5.93
4.10
4.27
4.12
4.50
3.929
4.08
28 618
371
75 741
59 363
24 743
14 984
3 446
16 190
52, 352
24 246
14, 782
6 465
5 101
1 758
7,011
3 713
1 101
377
I QOfi
16 378
6 442
5 436
L006
21, 248
20, 908
340
416
-76
63,377
99, 178
67, 642
5, 570
5,988
12, 662
71, 140
42, 323
18, 456
104, 817
44, 620
6,449
8,897
20,326
28, 906
47, 150
24, 965
21, 159
22, 185
275.5
175.8
59.6
40.1
4.97
4.74
5.00
5,27
4.00
4.82
5.43
5.72
5.91
4.15
4.38
4.25
4.50
3.942
4.12
28 955
'363
76 085
59 788
25 063
14' 944
3 440
16 341
52 837
24 537
14 831
fi KfiQ
5 132
1 768
6,951
3 673
1 085
384
16 297
6 518
5 495
1. 023
21, 505
21,146
359
471
-112
64, 744
96, 133
68, 572
5,270
5,266
10,965
72, 081
42, 149
19, 051
105, 229
44,597
6,573
8,703
20, 555
29, 975
47,440
24, 512
20, 843
22, 928
277.3
177.1
59.1
41.1
4.00
4.88
5.43
5.74
5.89
4.19
4.38
4.25
4.55
3.932
4 12
28 883
356
77 483
60 803
25 615
15 056
3 439
IQ 693
53 828
25 117
14 991
a 7qn
5 202
1 779
6,975
3 701
1 077
*395
16 680
6 606
5 572
1. 034
21, 476
21, 149
327
505
-178
62, 611
97, 845
67, 525
5,545
6,384
12, 046
72, 996
42, 538
19, 679
107, 454
45, 270
6,803
9,289
20, 848
30, 475
46, 707
24, 026
20, 823
22, 681
279.1
179.3
58.5
41.3
4.00
4.93
5.43
5.77
5.88
4.25
4.38
4.25
4.75
3.895
4.11
28 995
350
78 687
61 739
26 109
15, 229
3 484
16 917
54, 694
25 602
15, 158
6 871
5,243
1 820
7,045
3 745
1 076
405
I ftlQ
16 948
6 686
5 628
1.058
21, 709
21,366
343
528
-185
63, 810
103, 551
69, 652
5,410
8,664
12, 401
73, 818
43, 129
20,130
110,925
46, 847
7,418
9,830
21, 151
29, 324
47, 514
24, 254
20,619
23, 260
282.2
182.6
57.6
42.0
4 99
4 74
5 01
5 31
4.00
4.99
5.43
5.76
5.86
4.25
4.38
4.25
4.75
3.810
4 09
29 272
*342
79 887
62 790
26 685
15* 422
3' 524
17 159
55 666
26* 154
15' 372
7 noo
5 287
1 821
7,124
3 785
1 084
417
17 097
6 776
5*707
1.069
21,865
21, 516
349
524
-175
64, 179
94, 579
68, 102
4,900
5,022
10, 862
74, 760
43,429
20, 542
108,551
46, 282
5,712
9,484
21, 368
30, 226
47, 244
23, 667
20, 677
23, 577
281.5
182.8
56.1
42.6
4.00
4.98
5.43
5.77
5.86
4.22
4.38
4.25
4.75
3.831
4 10
29 380
338
80 686
63 609
27 171
15 573
3 553
17 312
56 442
26 610
15 565
7 194.
5 334
1 809
7,167
3 811
1 090
425
17 077
6 781
5 718
1.063
21, 620
21, 192
428
564
-136
63,505
96, 101
68, 189
5,105
3,914
12,566
75,896
43,827
20,990
111,071
46,987
6,224
«• 10, 289
21,739
30, 113
47,086
22,992
20,322
24,094
286.0
185.8
56.7
43.5
4.00
4.98
5.43
5.76
5.86
4.14
4.38
4.25
4.75
3.836
4 19
29 498
332
81 454
64 393
27 493
15 738
3 597
17 565
57 isi
26 992
15 721
7 9^l\
5 387
1 846
7,212
3 847
1*103
*431
17 061
6 825
5*747
1.078
r 21, 729
21, 356
r 373
528
r — 155
64, 133
97 048
68, 280
4 940
5,591
12,075
76 276
44, 319
21, 003
111 755
48, 117
5,453
10 154
22, 012
r 30 553
47 023
22 830
20 202
24 193
286 1
186 2
56 2
43 7
S fift
4 7fi
K no
S OI
4.00
5 02
5 43
5.75
5 89
4.25
4.38
4.25
4. 75
3.912
4.24
29, 785
327
81 924
64 846
27 555
15 954
3 613
17 724
57, 570
27 210
15, 802
7 310
5 410
1 838
7,276
3 910
l'l!7
433
17 078
6 856
5 776
1.080
21 956
21 619
'337
490
—153
64, 796
100 005
71 224
5 509
2 632
13,701
77 189
44 798
21, 347
112 708
48,756
5,587
10 058
22, 231
30 588
47 769
23 991
19 948
23* 778
288 9
188 0
57 0
43 9
4.00
4.25
4.38
4.32
4.75
4.032
4.33
seas, adj., back to 1960. Revisions are available as follows: Commercial bank credit—
1948-63, in the June 1964 Fed. Res. Bulletin; consumer credit—1962 unadj., in the Nov. 1963
Fed. Res. Bulletin; 1960-62 seas, adj., on p. 28 of the June 1964 SURVEY. ©Adjusted to
exclude interbank loans. § For bond yields, see p. S-20.
*New series (FHLBB); data prior to Dec. 1962 not available. IData are as of end of
consecutive 4-week periods ending in month indicated, except June figure which is as of June
30 (end of fiscal year).
321