No. 647. STATE AND FEDERAL CREDIT UNIONS SUMMARY: 1940 TO 1966 [Federal credit unions are located in 50 States, Puerto Rico, Canal Zone, Guam, and Virgin Islands. Six StatesAlaska, Delaware, Hawaii, Nevada, South Dakota, Wyoming, and District of Columbia (beginning 1964), Canal Zone, Guam, and Virgin Islands have no State or local credit union law. See also Historical Statistics, Colonial Times to 1957, series X 403–414] 1 Does not represent total number chartered; reports are not received from all credit unions in operation, and some are inactive. However, the number of Federal unions reporting is same as number in operation. Source: Dept. of Health, Education, and Welfare, Social Security Administration; annual report, Federal Credit Union Program, and Social Security Bulletin. [In millions of dollars. Prior to 1960, excludes Alaska and Hawaii. Estimated amounts of credit outstanding as of end of year or month; extended and repaid, for entire year or month. See also Historical Statistics, Colonial Times to 1957, series X 415-422] 1 Holdings of financial institutions; holdings of retail outlets are included in "Other consumer goods paper." Source: Board of Governors of the Federal Reserve System; Federal Reserve Bulletin. No. 649. CONSUMER INSTALLMENT CREDIT OUTSTANDING, BY HOLDER: 1940 TO 1967 [In millions of dollars. As of end of year or month. Prior to 1960, excludes Alaska and Hawaii. Estimated] 1 Consumer finance companies included with "Other" financial institutions until September 1950. * Includes mail-order houses, Automobile paper only; other installment credit held by dealers is included with "Other" retail outlets. Source: Board of Governors of the Federal Reserve System; Federal Reserve Bulletin. No. 650. FEDERAL RESERVE BANK OF NEW YORK-DISCOUNT RATES: 1950 to 1967 [Percent per annum. See also Historical Statistics, Colonial Times to 1957, series X 312-313] Source: Board of Governors of the Federal Reserve System; Federal Reserve Bulletin. No. 651. MONEY MARKET RATES: 1940 TO 1966 (Percent per annum. See also Historical Statistics, Colonial Times to 1957, series X 305–311] NA Not available. 1 Averages of daily offering rates of dealers. Averages of daily rates, published by finance companies, for varying maturities in the 90-179 day range. Averages of daily quotations. Beginning 1957, separate quotations for stock exchange call loans on renewals and new loans were discontinued; therefore, only a going rate is quoted. Except for new bill issues, yields are averages computed from daily closing bid prices. Selected note and bond issues. Tax-exempt bills. Data discontinued. No. 652. BANK RATES ON SHORT-TERM BUSINESS LOANS: 1940 to 1966 [Percent per annum. Estimates based on reports from large banks in 19 leading cities. Short-term loans comprise loans maturing in one year or less. See also Historical Statistics, Colonial Times to 1957, series X 322-325] Source of tables 651 and 652: Board of Governors of the Federal Reserve System; Federal Reserve Bulletin, and unpublished data. No. 653. SECURITIES LISTED ON NEW YORK STOCK EXCHANGE: 1940 TO 1966 [Values in billions of dollars; shares in millions. As of December 31] Source: New York Stock Exchange, New York, N.Y.; Fact Book. Data for stocks (shares and market value), also in Dept. of Commerce, Office of Business Economics, Survey of Current Business. No. 654. SALES OF STOCKS AND BONDS ON REGISTERED EXCHANGES: 1940 TO 1966 Market value, all sales... $9,726 $18,112 $22, 840 $39, 261 $46,901 $56, 564 $66, 157 $75,328 $93,325 $127,946 Market value, all sales... $8, 223 $15, 190 $19,735 $34,038 $39,552 $49,019 $56, 564 $63, 284 $76,878 $102, 786 Includes voting trust certificates, American depositary receipts, and certificates of deposit for stocks. 2 Excludes U.S. Government bonds. Source: Securities and Exchange Commission. Monthly data in Statistical Bulletin. No. 655. SALES ON NEW YORK STOCK EXCHANGE-VOLUME: 1910 TO 1966 [Shares in millions; value in millions of dollars. Reported volume on New York Stock Exchange excludes transactions in odd lots (less than unit of trading). See also Historical Statistics, Colonial Times to 1957, series X 373-377] Represents zero. Z Less than $500,000. 1 Data refer to transactions reported on the ticker. The totals differ from those in table 654 to the extent of odd-lot transactions (less than the unit of trading) which are not printed on the ticker. 2 Exclusive of stopped sales. * Beginning July 1947, includes bonds of the International Bank for Reconstruction and Development. Source: William B. Dana Co., New York, N.Y.; Commercial and Financial Chronicle. No. 656. SELECTED DEBIT AND CREDIT BALANCES OF STOCK EXCHANGE FIRMS: 1940 TO 1966 [In millions of dollars. As of June 30. Data relate to member firms of New York Stock Exchange carrying margin accounts. Figures derived from money balances as shown by ledger and exclude value of securities carried for customers or owned by firms. See Historical Statistics, Colonial Times to 1957, series X 381-384, for related data as of end of year] 1 Excludes balances of member firms of New York Stock Exchange and other national securities exchanges and of firms' own partners. Comprises money borrowed from banks and from other lenders (excluding member firms of national securities exchanges). No. 657. Margin Requirements on SECURITIES Credit: 1951 to 1967 [Prescribed in accordance with Securities Exchange Act of 1934. Regulations limit the amount of credit that may be extended on a security by prescribing a maximum loan value, which is a specified percentage of its market value at the time of the extension; the margin requirement is the difference between the market value (100 percent) and the maximum loan value. Data shown here are for regular accounts. For rates for 1934 to 1949, see Statistical Abstract, 1957, table 561. See also Historical Statistics, Colonial Times to 1957, series X 378-380] Source of tables 656 and 657: Board of Governors of the Federal Reserve System; Federal Reserve Bulletin. No. 658. PRINCIPAL COMMODITY FUTURES-VOLUME OF TRADING ON ALL CONTRACT MARKETS: 1940 To 1966 [For years ending June 30. Compiled from daily reports of all clearing members of each contract market] Source: Dept. of Agriculture, Commodity Exchange Authority; annual report, Commodity Futures Statistics. No. 659. DIVIDENDS PER SHARE FOR COMMON STOCKS-ANNUAL RATES: 1940 TO 1967 1 Includes American Telephone and Telegraph Co. stock; excluded from "Public utilities." Source: Moody's Investors Service, New York, N.Y. Monthly data in Dept. of Commerce, Office of Business Economics; Survey of Current Business. For 1950, straight average of market prices of all taxable marketable bonds due or callable in 15 years and over; thereafter, on the basis of an assumed 3 percent 20-year bond. Data from Board of Governors, Federal Reserve System. Prices derived from average yields on basis of assumed 4 percent 20-year bond at Wednesday closing prices. Based on composite of data (including industrial, utility, and railroad) and are a conversion of yield indexes, based on yield to maturity of each bond and assuming a 4-percent coupon with 20 years to maturity. Prices are averages of weekly data for a varying number of AAA bonds. Prices derived from averages of median yields on noncallable high-grade stocks on basis of a $7 annual dividend. Data from Board of Governors, Federal Reserve System. *Based on daily closing prices; indexes weighted by number of shares of each stock outstanding in base period, with adjustment when necessary to offset changes in capitalization. Aggregate cash dividends (based on latest known annual rate) divided by the aggregate monthly market value of the stocks in the group. Annual yields are averages of monthly data. ? Ratio of quarterly earnings (seasonally adjusted annual rate) to price index for last day in quarter. Annual ratios are averages of quarterly data. Data from Board of Governors, Federal Reserve System. Averages of daily closing prices. Changes have been made in stocks used at various times. However, the number of stocks has remained constant over the period shown here. Based on prices end of month. The stocks used represent for the most part an identical list, except in the public utilities group, which is a continuous series composed of electric utilities (representing operating electric companies). Data for A.T. & T. Co. included in composite, but excluded from utilities in order to show more clearly the trend for electric companies. 10 Includes also stocks for fire insurance companies and N.Y. banks, and 1 additional public utility stock (see footnote 9). Source: Dept. of Commerce, Office of Business Economics (except as noted). Monthly data in Survey of Current Business. For original sources, see table stub. 247 079 067 31 |