ECONOMIC

TABLE B-58.—Commercial bank loans and investments, 1930-76[Billions of dollars]End of yearor month iTotal loansand investments2Total JLoansCommercialandindustrialInvestmentsU.S. GovernmentsecuritiesOthersecuritiesLoans plusloans sold tobank affiliates »1930:June1933: June193919401941194219431944194519461947194848.930.440.743.950.767.485.1105.5124.0114.0116.3114.234.516.317.218.821.719.219.121.626.131.138.142.4Seasonally adjusted5.07.516.317.821.841.459.877.690.674.869.262.69.46.57.17.47.26.86.16.37.38.19.09.2194819491950195119521953195419551956195719581959 319601961196219631964 .19651966196719681969 *1970197119721973_197419751976 p1976: Jan p.Feb vMar vApr vMay pJune *» _ _July pAug pSept pOct pNov pDec p113.0118.7124.7130.2139.1143.1153.1157.6161 6166.4181.2188.7197 4212 8231 2250 2272.3300 1«316.1352 0390 2401.7435.5485.7558.0633.48 690.4721.1767.5723.3726.7731.2734.5737.6738.8743.1748.7752.5760.3766.3767.541.542.051.156.562.866.269.180.688 191.595.6110.5116 7123.6137 3153 7172.9198 2«213.9231 3258 2279.4292.0e 320.9378.9449.08 500.2496.9521.6497.3497.8499.7500.5500.6500.7504.7507.6511.4519.3521.8521.639.442 143.947 652.158.469.578.686.295 9105.7110.0116.17 130.2156.48 183.3176.0176.2176.6175.1«>171.4170.5170.7170.2171.0171.0172.0174.8176.7176.262.366.461.160.462.262.267.660.357.256.965.157.759.965.364.761.560.757.153.559.460.751.257.860.662.654.550.479.496.581.084.488.290.093.094.092.795.094.093.594.396.59.210.312.413.414.214.716.416.816.317.920.520.520.823.929.235.038.744.8«48.761.371.371.185.7«104.2116.5129.98 139.8144.8149.4145.0144.5143.3144.0144.0144.1145.7146.1147.1147.5150.2149.4283.3294.7«323.7381.5453.38 » 505.0501.3525.4501.6502.3503.9504.7505.0505.2509.2511.6515.3523.1525.6525.41 Data are for last Wednesday of month or year (except June 30 and December 31 call dates).2 Adjusted to exclude all interbank loans beginning 1948 and domestic bank loans only beginning January 1959.1 Beginning January 1959, loans and investments are reported gross, without valuation reserves deducted, rather thannet of valuation reserves, as in earlier periods.< Effective June 1966, balances accumulated for payment of personal loans (about $1.1 billion) are excluded from loansat all commercial banks, and certain certificates of CCC and Export-Import Bank totaling about $1 billion are included inother securities rather than in loans.« Beginning June 1969, data include all bank-premises subsidiaries and other significant majority-owned domesticsubsidiaries; earlier data include commercial banks only.« Beginning June 1971, Farmers Home Administration insured notes totaling about $0.7 billion are classified as othersecurities rather than as loans.7 Beginning June 1972, commercial and industrial loans were reduced by about $0.4 billion due to loan ^classificationsat one large bank.8 Beginning June 1974, the merger of a large mutual savings bank and a nonmember commercial bank increased totalloans and investments by $0.6 billion, loans by $0.5 billion, and other securities by $0.1 billion.Beginning November 1974, the liquidation of one large bank reduced total loans and investments by $1.5 billion, totalloans by $1 0 billion, commercial and industrial loans by $0.6 billion, and other securities by J0.5 billion. In addition, commercialand industrial loans were increased by $0.1 billion due to loan ^classifications at one large bank.9 Beginning August 1974, reflects new cefinition of affiliates included and different group of reporting banks. Amount oftotal loans sold was reduced by $0.1 billion.*° Loan reclassifications reduced these loans by $1.2 billion as of March 1976.Source: Board of Governors of the Federal Reserve System.254