h42_19620117.pdf

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H.4.2 FEDERAL RESERVE statistical release For immediate release January 17, 1962 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended January 10: Decreases of $1,156 million in loans adjusted, $298 million in holdings of U. S. Government secu- rities, $758 million in reserve balances with Federal Reserve Banks, $2, 2kf million in U. S. Government demand deposits, and an increase of $455 million in time and savings deposits. Commercial and industrial loans decreased i n a l l "but one district and a net of $280 million; in the comparable week a year ago the decrease was $139 million. Loans to brokers and dealers for purchasing or carrying U. S. Government securities decreased $276 million, and their loans for purchasing or carrying "other" securities decreased $142 million. Loans to sales and personal financing institutions decreased $306 million; these loans decreased $259 million during the comparable week of 1961. Holdings of Treasury bills by weekly reporting member banks decreased $218 million and the combined t o t a l of Treasury notes and U. S. Government bonds decreased $86 million. Holdings of "other" securities increased $112 million. Demand deposits adjusted increased a net of $85 million; increases of $14-9 million in the Atlanta District, $93 million in the Chicago District, $65 mil- lion in the Richmond District, and $60 million in the St. Louis District were off- set in part by decreases of $126 million i n t h e New York District and $98 million in the San Francisco District. Savings deposits increased in all but three districts and a net of $196 million. "Other" time deposits of individuals, partnerships, and corporations increased in all districts and a total of $176 million, of which $45 million was in the Dallas District, $34 million in the Chicago District, and $30 million in the San Francisco District. Borrowings of weekly reporting member banks from Federal Reserve Banks decreased $209 million and borrowings from others decreased $732 million. Loans to domestic commercial banks decreased $477 million. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Transcript of h42_19620117.pdf

H.4.2

F E D E R A L R E S E R V E s t a t i s t i c a l r e l e a s e

For immediate r e l e a s e January 17, 1962

CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES

The cond i t i on s ta tement of weekly r e p o r t i n g member banks i n l ead ing c i t i e s

shows t h e fo l lowing p r i n c i p a l changes f o r the week ended January 10: Decreases of

$ 1 , 1 5 6 m i l l i o n i n l oans a d j u s t e d , $ 2 9 8 m i l l i o n in ho ld ings of U. S. Government secu-

r i t i e s , $758 m i l l i o n i n r e s e r v e ba lances with Federa l Reserve Banks, $2, 2kf m i l l i o n

in U. S. Government demand d e p o s i t s , and an inc rease of $455 m i l l i o n in t ime and

savings d e p o s i t s .

Commercial and i n d u s t r i a l loans decreased i n a l l "but one d i s t r i c t and a

ne t of $ 2 8 0 m i l l i o n ; i n t h e comparable week a year ago the decrease was $ 1 3 9 m i l l i o n .

Loans t o b roke r s and d e a l e r s f o r purchas ing or ca r ry ing U. S. Government s e c u r i t i e s

decreased $ 2 7 6 m i l l i o n , and t h e i r loans f o r purchas ing or c a r r y i n g "o the r" s e c u r i t i e s

decreased $142 m i l l i o n . Loans t o s a l e s and pe r sona l f i n a n c i n g i n s t i t u t i o n s decreased

$ 3 0 6 m i l l i o n ; t h e s e loans decreased $ 2 5 9 m i l l i o n dur ing t h e comparable week of 1 9 6 1 .

Holdings of Treasury b i l l s by weekly r e p o r t i n g member banks decreased

$218 m i l l i o n and t h e combined t o t a l of Treasury no tes and U. S. Government bonds

decreased $86 m i l l i o n . Holdings of "o ther" s e c u r i t i e s inc reased $112 m i l l i o n .

Demand d e p o s i t s a d j u s t e d inc reased a ne t of $85 m i l l i o n ; i n c r e a s e s of

$14-9 m i l l i o n i n t h e A t l a n t a D i s t r i c t , $93 m i l l i o n in t h e Chicago D i s t r i c t , $65 m i l -

l i o n i n t h e Richmond D i s t r i c t , and $60 m i l l i o n in the S t . Louis D i s t r i c t were o f f -

s e t i n p a r t by dec reases of $126 m i l l i o n i n t h e New York D i s t r i c t and $98 m i l l i o n

in t h e San Franc i sco D i s t r i c t . Savings d e p o s i t s inc reased i n a l l bu t t h r e e d i s t r i c t s

and a ne t of $196 m i l l i o n . "Other" t ime d e p o s i t s of i n d i v i d u a l s , p a r t n e r s h i p s , and

co rpo ra t i ons i nc reased i n a l l d i s t r i c t s and a t o t a l of $176 m i l l i o n , of which $45

m i l l i o n was i n t h e Da l l a s D i s t r i c t , $34 m i l l i o n i n t h e Chicago D i s t r i c t , and $30

m i l l i o n i n t h e San Franc i sco D i s t r i c t .

Borrowings of weekly r e p o r t i n g member banks from Fede ra l Reserve Banks

decreased $209 m i l l i o n and borrowings from o t h e r s decreased $732 m i l l i o n . Loans t o

domestic commercial banks decreased $477 m i l l i o n .

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

H.4.2 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES

January 10,

1962

Change since Jan• 3 , 1962*

J a n . 11, 1961

( In mi l l i ons of d o l l a r s ) A S S E T S

Tota l loans and investments Loans and investments ad ju s t ed 1 / Loans ad jus ted 1/

Commercial and i n d u s t r i a l loans Agr icu l tu ra l loans Loans t o brokers and d e a l e r s f o r purchasing

or car ry ing: U. S. Govt, s e c u r i t i e s Other s e c u r i t i e s

Other loans f o r purchasing or ca r ry ing : U . S . Govt. s e c u r i t i e s Other s e c u r i t i e s

Loans t o noribank f i n a n c i a l i n s t i t u t i o n s : Sales f inance , personal f inance , e t c . Other

Loans t o fo r e ign hanks Real e s t a t e loans Other loans

Loans t o domestic commercial hanks U. S• Government s e c u r i t i e s - t o t a l

Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury notes and U. S. bonds maturing:

Within 1 year 1 t o 5 years Af t e r 5 years

Other s e c u r i t i e s Reserves with F. R. Banks Currency and coin Balances with domestic banks Other a s s e t s - net Tota l a s s e t s / l i a b i l i t i e s

L I A B I L I T I E S Demand depos i t s ad jus ted 2 / Demand depos i t s - t o t a l y

Ind iv idua ls , pa r tne r sh ips , and corporat ions S ta t e s and p o l i t i c a l subdivis ions U. 8 . Government Domestic in te rbank: Commercial

Mutual savings Foreign: Govts. , o f f i c i a l i n s t s . , e t c .

Commercial banks Time and savings depos i t s - t o t a l 4 /

Individuals , pa r tne r sh ips , and corporat ions: Savings depos i t s Other time depos i t s

S ta t e s and p o l i t i c a l subdivis ions Domestic in terbank

. Foreign: Govts. , o f f i c i a l i n s t s . , e t c . Commercial banks

Borrowings: From F. R. Banks From others

Other l i a b i l i t i e s

120,812 119,012

73,129 32,539

1,258

571 2,221

116 1,358

3,429 2,380

644 13,404 16,909

1,800 33,662

5,754 1,385

5,356 17,878

3,289 12,221 12,678

1,652 3,089 4,824

155,834

65,729 93,305 68,451

4,778 1,786

13,011 6 7 2 6 2 5

1,081 4 2 , 0 5 8

30,421 6 , 1 2 1 2 , 9 2 2

1 6 9 2,155

104 27

2 , 0 3 1 5,421

12,992

-1 ,819 -1 ,342 -1 ,156 - 28o - 15

+ 8 , 9 8 5 + 8 , 6 0 7

+ 3,501 + 6 5 7 + 137

- 2 7 6 48 - 142 + 6 7 6

- 21 15 - - + 182

- 3 0 6 501 - 52 + 695 - 30 - 62 + 1 + 594 - 31 + 1,355 - 477 + 378 - 298 + 3,132 - 218 + 1,860 + 6 - 205

- 55 + 2,718 + 2 6 - 413 - 57 - 828 + 112 + l ,97V - 758 + 5 2 1 + 15 + 1 6 9 - 285 + 14 + 47 + 6 3 0 -4 ,887 +11,069

+ 8 5 + 1,893 -4 ,653 + 2 , 8 5 1 -1 ,698 n . a . - 193 + 135 -2 ,247 - 390 - 404 n . a . + 6 0 n . a .

8 n.a# - 82 n . a . + 455 + 6,485

+ 1 9 6 n . a . + 1 7 6 n . a . + 71 + 529 + 1 n . a . + 16 n . a .

3 n . a . - 2 0 9 + 10 - 732 + 455 + 2 2 3 + m + 2 9 + 784 C A P I T A L A C C O U N T S

1/ Exclusive of loans t o domestic commercial banks and a f t e r deduction of va lua t ion r e se rves ; ind iv idua l loan items are shown gross .

2 / Includes a l l demand depos i t s except those of U. S. Government and domestic commercial banks, l e s s cash items i n process of co l l ec t ion• Year-ago comparison excludes change in depos i t s due t o mutual savings banks.

2 / Includes c e r t i f i e d and o f f i c e r s ' checks not shown sepa ra t e ly . \ J includes time depos i t s of U. S. Government and p o s t a l savingi NA - not a v a i l a b l e . •^January 3 f i g u r e s r e v i s e d .

savings not shown separa te ly .

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

H.4.2(a) CONDITION OF MEEKLY REPORTING MEMBER BANKS, BY DISTRICTS, JANUARY 10, 1962

Federal Reserve D i s t r i c t

Boston New York

P h i l a -delphia

Cleve-land

Rich-mond Atlanta

( In mi l l i ons of dol] Lars)

Total loans and investments Loans and investments ad jus ted l / Loans ad jus ted 1 /

Commercial and i n d u s t r i a l loans Agr icu l tu ra l loans Loans t o brokers and dea l e r s f o r purchasing

or car ry ing; U. S. Govt» s e c u r i t i e s Other s e c u r i t i e s

Other loans f o r purchasing or car ry ing: U. S. Govt, s e c u r i t i e s Other s e c u r i t i e s

Loans t o fionbank f i n a n c i a l i n s t i t u t i o n s ; Sales f inance , personal f inance, e t c . Other

Loans tq> fo re ign hanks Real e s t a t e losns Other loans

Loans t o domestic commercial "banks U, S. Government s e c u r i t i e s - t o t a l

Treasury h i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury notes and U. S. "bonds maturing:

Within 1 year 1 t o 5 years Af t e r 5 years

Other s e c u r i t i e s Reserves with F. R. Banks Currency and coin Balances with domestic banks Other a s s e t s - net Total a s s e t p / l i a b i l i t i e a

L I A B I L I T I E S Demand depos i t s ad jus t ed 2 / 3,469 2 0 , 5 9 1 2,828 4 , 9 6 0 2,842 2,664 Demand depos i t s - t o t a l 3/ 4 , 2 9 2 29,499 3,842 6,284 . 3,904 4 , 4 7 6

Indiv iduals , pa r tne r sh ips , and corporat ions 3,407 20,957 3 , 0 7 1 5 , 0 2 9 2 , 9 2 0 2 , 7 7 4 Sta te s and p o l i t i c a l subdivis ions 2 7 7 853 102 4i4 2 5 8 391 U. S« Government 8 9 6 1 0 7 6 149 82 95 Domestic in terbank: Commercial 2 9 4 3,452 4 7 9 5 9 6 5 6 0 1,168

Mutual savings 332 468 3 6 7 11 Foreign: Govts. , o f f i c i a l i n s t s . , e t c . 5 523 6 - ~ 30 3

Commercial banks 31 812 27 14 9 8 Time and savings depos i t s - t o t a l h j . 1,005 10,054 1,180 3,6o4 1 , 1 5 6 1,309

Individuals , pa r tne r sh ips , and corporat ions : 1,005 10,054 1,180 3,6o4 1 , 1 5 6

. Savings depos i t s 7 8 1 5,534 899 2 , 9 2 8 875 1,017 Other time depos i t s 145 2 , 2 7 6 204 462 1 6 6 194

S ta tes and p o l i t i c a l subdivis ions 24 406 2 5 2 0 7 75 8 0 Domestic in terbank 2 120 3 — — 2 8 Foreign: Govts, , o f f i c i a l i n s t s . , e t c . 42 1,612 45 4 12 7

Canmeroial banks 4 70 2 1 «- —

Borrowings: From F. R. Banks ' •» — 4 10 From o thers 70 978 63 200 44

Other l i a b i l i t i e s 245 3,223 119 184 1 2 7 103

C A P I T A L y o o u S i l . 5 8 9 4,235 539 1,101 444 5 1 0

4,889 36,039 4 ,861 35,366 3,095 22,336 1,464 1 2 , 0 3 1

9 34

2 0 3 1 0 33 l , 3 6 o

4 24 2 1 485

145 1,145 8 0 6 2 7 1 6 314

499 2 , 2 6 7 8 8 0 4,364

28 673 1,327 9,184

320 2 , 0 1 9 56 510

251 1,317 6 3 1 4,500

6 9 8 3 8 439 3,846 502 4,085

92 398 114 248 164 2,373

6 , 2 0 1 47,989

4,446 9 , 2 7 6 4,396 9,239 2,919 5,079 1,202 1,904

5 3

aw mm 30 71 119

5 9 68 139

153 233 72 113 23 10

4oo 1,364 1 , 0 1 7 1,257

50 37 1,138 3,022

188 410 54 1 1 2

1 7 2 757 6 0 7 1,574 117 1 6 9 339 1,138 472 9 6 6

93 168 136 200 137 184

5,743 11,373

4,401 4,744 4,359 4,586 2,595 2,784

972 1,174 14 41

8 23 44 52

11 7 35 43

1 7 6 134 1 0 8 146 — — 2 4l6 309 8 6 1 909

42 1 5 8 l , 3 6 l 1,431

1 6 3 1 5 6 45 46

2 4 7 2 3 2 789 874 1 1 7 1 2 3 403 371 474 477 1 1 6 90 149 4 l l 1 1 9 137

5,679 6,4o8

See footnotee on f irs t table,

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

11.4.2(b) CONDITION OF WEEKLY REPORTING MEMBER BANKS, BY DISTRICTS, JANUARY 10, 1962

Federal Reserve D i s t r i c t Chicago S t .

Louis Minne-apol i s

Kansas City Dallas San

Francisc<

A S S E T S (In mi l l ions of do l l a r s )

Total loans and investments 15,901 3,450 1,777 ' 4,376 5,355 2 6 , 1 5 8 Loans and investments ad jus ted 1/ 15,801 3,321 1,748 4,279 5,252 25,804 Loans adjus ted l / 9,087 2,062 1,100 2,562 3,275 16,235

Commercial and i n d u s t r i a l loans 3,887 835 488 1,052 1,767 5,763 Agr icu l tura l loans 51 27 29 270 53 7 2 2 Loans t o brokers and dea le r s f o r purchasing

or carrying: U. S. Govt, s e c u r i t i e s 97 12 5 25 4 l Other s e c u r i t i e s 247 80 9 24 6 0 122

Other loans f o r purchasing or carrying: U. S. Govt, s e c u r i t i e s 33 4 — — 7 4 8 Other s e c u r i t i e s 2 5 8 32 12 34 1 6 7 64

Loans t o nonbank f i n a n c i a l i n s t i t u t i o n s : Sales f inance, personal f inance, e t c . 6 7 2 115 70 1 2 5 8 7 374 Other 339 94 28 109 1 7 0 494

Loans t o fo re ign banks 43 1 - - 4 - — . 2 3 1 Real e s t a t e loans 1,579 307 203 345 245 5,470 Other loans 2 , 1 2 7 590 275 6 0 8 783 3,238

Loans t o domestic commercial banks 100 1 2 9 29 97 103 354 U. S• Government s e c u r i t i e s - t o t a l 4,730 1,017 4 9 6 1,348 . 1,555 7,053

Treasury b i l l s 7 9 8 136 72 275 149 1,068 Treasury c e r t i f i c a t e s of indebtedness 157 26 11 54 54 2 6 0 Treasury notes and U. S. bonds maturing:

Within 1 year 7 0 0 2 3 2 93 2 3 1 2 3 0 894 1 t o 5 years 2,654 5 5 1 284 6 6 5 792 3,957 Af te r 5 years 421 7 2 36 1 2 3 330 8 7 4

Other s e c u r i t i e s 1,984 242 152 3 6 9 422 2 , 5 1 6 Reserves with F. R. Banks 1,651 388 2 1 3 523 515 2 ,4l2 Currency and coin 1 8 9 48 18 54 61 325 Balances with domestic banks 358 1 7 0 68 355 553 327 Other a s se t s - ne t 3 6 1 6 0 53 100 222 914 Total a s s e t s / l i a b i l i t i e s 19,875 4,472 2,397 5,935 7,288 32,474

L I A B I L I T I E S Demand depos i t s ad jus ted 2 / 8,137 1,764 948 2,482 2,788 12,256 Demand depos i t s - t o t a l 5 / 11,737 3,123 1,677 4,218 4,735 15,518

Individuals , par tnersh ips , and corporations 8 , 6 2 7 1,956 1 , 0 7 0 2 , 6 8 9 3,053 12,898 S ta tes and p o l i t i c a l subdivisions 682 135 114 2 7 8 241 1,033 U. 6 . Government 242 47 28 77 59 232 Domestic interbank; Commercial 1,943 956 433 1,132 1,306 692

Mutual savings 2 — — 6 — — •» — 10 Foreign: Govts. , o f f i c i a l i n s t s . , e t c . 12 3 43

Commercial banks 51 6 5 3 14 101 Time and savings depos i t s - t o t a l 4 / 5,901 882 474 1,110 1,783 1 3 , 6 0 0

Individuals, partnerships, and corporations: 5,901 1,783 1 3 , 6 0 0

Savings depos i t s 4,854 673 333 8 6 5 840 10,822 Other time depos i t s 707 168 126 1 9 8 598 877

States and p o l i t i c a l subdivisions 204 34 11 44 328 1,484 Domestic interbank 10 - - - - 1 6 17 Foreign: Govts., o f f i c i a l l a s t s . , e t c . 104 2 2 3 322

Commercial banks 9 1 1 7 Borrowings: From F. R. Banks 4 6 2 1

From others 192 13 1 49 "54 367 Other l i a b i l i t i e s 389 59 42 56 97 777

C A P I T A L A C C O U N T S 1 , 6 5 2 389 201 501 6 1 9 2,212

See footnotes on f i r s t table .

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

H.4.3 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES New York City Chicago

J a n . Change since Jan . Change since 10, Jan . 3, J a n . 11, 10, J a n . 3, J an . 11, 1962 1962 1961 1962 1962 1961

A S S E T S ( In mi l l i ons of d o l l a r s )

Total loans and investments 29,310 - 672 +2,378 8,266 - 74 +590 Loans and investments ad ju s t ed 1 / . 28,705 - 700 +2,231 8,235 - 49 +657 Loans ad jus t ed 1 / 18,322 - 512 + 948 4,829 -122 +170

Commercial and i n d u s t r i a l loans 10,901 - 146* + 236 2,654-;:-* - 25** -125** Agr icu l tu ra l loans 11 — — + 2 23 - — - 2 Loans t o brokers and d e a l e r s f o r purchasing

or ca r ry ing : U. S. Govt, s e c u r i t i e s 28.1 - 93* + 31 63 " 52 - 7 Other s e c u r i t i e s 1,316 56 367 202 6 + 61

Other loans f o r purchasing or ca r ry ing : 1,316

U. S. Govt. s e c u r i t i e s 23 - 6 - 3 19 - l - 1 Other s e c u r i t i e s 448 + 6 + 96 199 - l + 29

Loans t o nonbank f i n a n c i a l i n s t i t u t i o n s : Sales f inance , persona l f inance , e t c . 1,013 - 149 - 208 421 - 31 - 46 Other 467 - 23 + 154 236 —— +i4o

Loans t o fo r e ign banks 303 - 28 - 158 33 - — - 2 Real e s t a t e loans 839 — - + 47 289 T + 32 Other loans 3,209 - 17 + 453 842** - 6** +107**

Loans t o domestic commercial banks 605 + 28 + 147 31 - 25 - 67 U. S. Government s e c u r i t i e s - t o t a l 7,44o - 219 + 651 2,332 + 54 +213

Treasury b i l l s 1,809 - 170 + $82 567 +102 +4l6 Treasury c e r t i f i c a t e s of indebtedness 454 + 19 - 174 90 - 5 + 45 Treasury notes and U. S. bonds maturing:

Within 1 year 1,087 + 1 + 64l 263 - 44 +128 1 t o 5 years 3,476 - 22 - 181 1,255 + 2 -323 A f t e r 5 years 6i4 - 47 - 217 157 - 1 - 53

Other s e c u r i t i e s 2,943 + 31 + 632 1,074 + 19 +274 Reserves with F. R. Banks 3,666 - 305 + 421 983 - 79 + 25 Currency and coin 258 - 15 Hh 32 45 - 5 + 1 Balances with domestic banks 87 « 32 + 24 106 - 4o - 27 Other a s s e t s - ne t 2,196 92 + 375 189 - 7 + 52 Total a s s e t s / l i a b i l i t i e s 39,996 -1, ,184 +3 ,739 10 ,407 -394 + 66l

L I A B I L I T I E S Demand depos i t s a d j u s t e d 2/ 17,033 - 41 + 360 4,451 + 13 + 108 Demand depos i t s - t o t a l 3/ 25,387 - 962 +1,035 6,674 -455 + 64

Ind iv idua ls , pa r tne r sh ips , and corpora t ions 17,776 - 409 n . a . 4,855 - 96 • n . a . S t a t e s and p o l i t i c a l subdivis ions 280 - 12 + 33 255 - 24 - 17

.U. S. Government 519 - 727 - 133 125 -230 - 42 Domestic in te rbank: Commercial 3,356 + 58 n . a . 1,280 - 4-9 n . a .

Mutual savings 406 + 38 n . a . 2 — n . a . Foreign: Govts. , o f f i c i a l i n s t s . , e t c . 519 - 5 n . a . 12 mm mm n . a .

Commercial banks 797 - 75 n . a . 37 - 2 n . a . Time and savings depos i t s - t o t a l h j 6,967 + 70 +1 ,822 2 ,471 + 34 +484

Indiv iduals , pa r tne r sh ip s , and corpora t ions : 70 2 ,471 + 34

Savings depos i t s 2,985 + 62 n . a . 1,902 + 26 n . a . Other time depos i t s 1,993 + 3 n . a . 432 + 4 n . a .

S t a t e s and p o l i t i c a l subdiv is ions 163 - 5 - 67 13 — — - 1 Domestic in terbank 116 n . a . 6 n . a . Foreign:- Govts. , o f f i c i a l i n s t s . , e t c . 1,609 + 13 n . a . 104 + 4 n . a .

Commercial banks 68 - 4 n . a . 9 — — n . a . Borrowings: From F. R. Banks - - - 110 - - 2 - - + 2

From o thers 954 - 502 + 228 119 + 18 + 19 Other l i a b i l i t i e s 3,014 + 320 + 504 211 + 9 + 44

C A P I T A L A C C O U N T S 3,674 mm mm + 0 H 930 — - + 48

rese rves ] Ind iv idua l loan items a re shown g ross . 2 / Includes a l l demand depos i t s except those of U. S. Government and domestic commercial

bonks, l e s s cash items in process of c o l l e c t i o n . Year-ago comparison excludes change in depos i t s due t o mutual savings "banks.

3 / Includes c e r t i f i e d and o f f i c e r s checks not shown sepa ra t e ly . 5/ Includes time depos i t s of U. 8 . Government and p o s t a l savings not shown separa te ly ,

n.a— not a v a i l a b l e . *January 3 f i g u r e s r e v i s e d . **January 10 f i g u r e s r ev i sed January 15.

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