CREDIT, MONEY SUPPLY, AND FEDERAL FINANCE
TABLE B-27.-Consumer credit outstanding, 1929-52

1 Includes repair and modernization loans insured by Federal Housing Administration.

Estimates based on incomplete data; by Council of Economic Advisers.

* Includes loans by pawnbrokers, service credit, and unclassified single-payment loans under $3,000 made by commercial banks.

NOTE.-Detail will not necessarily add to totals because of rounding.

Source: Board of Governors of the Federal Reserve System (except as noted).

TABLE B-28.-Loans and investments of all commercial banks, 1929–52 1

1 Excludes mutual savings banks.

June and December figures are for call dates. Other monthly data are for the last Wednesday of the month.

3 Data are shown net. Includes commercial and industrial loans, agricultural loans, loans on securities, real estate loans, loans to banks, and "other loans," some of which represent consumer credit.

Beginning with 1948, data are shown gross; i. e., before deduction of valuation reserves, instead of net as for previous years. Prior to June 1947 and for months other than June and December, data are estimated on the basis of reported data for all insured commercial banks and for weekly reporting member banks. 5 June data are used because complete end-of-year data are not available prior to 1935 for U. S. Government obligations and other securities.

Not available.

"Estimates based on incomplete data; by Council of Economic Advisers.

NOTE.-Detail will not necessarily add to totals because of rounding.

Source: Board of Governors of the Federal Reserve System (except as noted).

1 June and December figures are for call dates. Other monthly data are for the last Wednesday of the month.

Includes U. S. Government deposits at Federal Reserve banks and commercial and savings banks, and, beginning with 1938, includes U. S. Treasurer's time deposits, open account.

Includes deposits and currency held by State and local governments.

Includes demand deposits, other than interbank and U. S. Government, less cash items in process of collection.

Includes deposits in commercial banks, mutual savings banks, and Postal Savings System, but excludes interbank deposits.

Estimates based on incomplete data; by Council of Economic Advisers.

NOTE.-Detail will not necessarily add to totals because of rounding.

Source: Board of Governors of the Federal Reserve System (except as noted).

Table B-30.—Estimated ownership of Federal obligations, 1939–52

1 United States savings bonds, series A-D, E, F, and J, are included at current redemption values. Excludes guaranteed securities held by the Treasury."

Includes trust, sinking, and investment funds of State and local governments and their agencies, and Territories and possessions.

Includes commercial banks, trust companies, and stock savings banks in the United States and in Territories and possessions; figures exclude securities held in trust departments.

Includes insurance companies, mutual savings banks, savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, and investments of foreign balances and international accounts in this country. Beginning with December 1946, the foreign accounts include investments by the International Bank for Reconstruction and Development and the International Monetary Fund in special noninterest-bearing notes issued by the U. S. Government. Beginning with June 30, 1947, includes holdings of Federal land banks.

Includes partnerships and personal trust accounts.

"Estimates based on incomplete data; by Council of Economic Advisers.

NOTE.-Detail will not necessarily add to totals because of rounding.

Source: Treasury Department (except as noted).

TABLE B-31.-U. S. Government debt-volume and kind of obligations, 1929-52

1 Total includes non-interest-bearing debt, fully guaranteed securities (except those held by the Treasury), Postal Savings bonds, prewar bonds, adjusted service bonds, depositary bonds, and Armed Forces Leave bonds, not shown separately.

Includes bills, certificates of indebtedness, and notes.

Includes Series A bonds and, beginning in April 1951, Series B convertible bonds.

Issued to U. S. Government investment accounts. These accounts also held 6.8 billion dollars of public marketable and nonmarketable issues on December 31, 1952.

Source: Treasury Department.