Finance and Economics Discussion Series: Data for FEDS Paper 2012-53
♣
Bank Capital Ratios and the Structure of Nonfinancial Industries
Seung Jung Lee and Viktors Stebunovs
Figure 1. Commercial Bank-Merger Intensity
| Year |
Commercial Bank-Merger Intensity (Percent) |
| 1976 |
0.3602158434 |
| 1977 |
0.5358904484 |
| 1978 |
0.7333660577 |
| 1979 |
0.801585247 |
| 1980 |
0.9577965898 |
| 1981 |
2.7998359807 |
| 1982 |
2.2730382229 |
| 1983 |
2.5667464878 |
| 1984 |
2.3343725553 |
| 1985 |
2.3286666591 |
| 1986 |
3.3815215678 |
| 1987 |
3.6057627303 |
| 1988 |
6.9688045054 |
| 1989 |
3.6619786305 |
| 1990 |
7.1257408883 |
| 1991 |
6.5161326204 |
| 1992 |
9.0781271657 |
| 1993 |
4.5200496908 |
| 1994 |
6.5421166924 |
| 1995 |
5.6646033171 |
| 1996 |
12.25888775 |
| 1997 |
14.150023053 |
Figure 2. Selected Capital Ratios
| qdate |
Equity to Assets Ratio |
Primary Capital Ratio |
Adjusted Captial Ratio |
Leverage Ratio |
| 1976q1 |
6.28819 |
|
|
|
| 1976q2 |
6.302662 |
|
|
|
| 1976q3 |
6.334176 |
|
|
|
| 1976q4 |
6.131629 |
|
|
|
| 1977q1 |
6.207057 |
|
|
|
| 1977q2 |
6.184197 |
|
|
|
| 1977q3 |
6.144795 |
|
|
|
| 1977q4 |
5.941141 |
|
|
|
| 1978q1 |
6.048085 |
|
|
|
| 1978q2 |
5.982222 |
|
|
|
| 1978q3 |
5.99936 |
|
|
|
| 1978q4 |
5.81696 |
|
|
|
| 1979q1 |
5.952707 |
|
|
|
| 1979q2 |
5.882208 |
|
|
|
| 1979q3 |
5.817223 |
|
|
|
| 1979q4 |
5.759266 |
|
|
|
| 1980q1 |
5.878251 |
|
|
|
| 1980q2 |
5.877547 |
|
|
|
| 1980q3 |
5.918081 |
|
|
|
| 1980q4 |
5.799945 |
|
|
|
| 1981q1 |
5.920317 |
|
|
|
| 1981q2 |
5.912592 |
|
|
|
| 1981q3 |
5.925903 |
|
|
|
| 1981q4 |
5.834309 |
|
|
|
| 1982q1 |
5.96424 |
|
|
|
| 1982q2 |
5.973617 |
|
|
|
| 1982q3 |
5.995396 |
|
|
|
| 1982q4 |
5.86899 |
|
|
|
| 1983q1 |
6.029324 |
|
5.979396 |
|
| 1983q2 |
6.0267 |
|
5.973583 |
|
| 1983q3 |
6.107993 |
|
6.049858 |
|
| 1983q4 |
6.001185 |
|
5.966824 |
|
| 1984q1 |
6.093766 |
|
6.023295 |
|
| 1984q2 |
6.064264 |
|
5.983155 |
|
| 1984q3 |
6.252829 |
|
6.171529 |
|
| 1984q4 |
6.13836 |
|
6.051571 |
|
| 1985q1 |
6.294192 |
|
6.204946 |
|
| 1985q2 |
6.273685 |
6.958227 |
6.178002 |
|
| 1985q3 |
6.319507 |
7.019382 |
6.213766 |
|
| 1985q4 |
6.187908 |
6.911116 |
6.089166 |
|
| 1986q1 |
6.336788 |
7.11359 |
6.236238 |
|
| 1986q2 |
6.325231 |
7.118809 |
6.206336 |
|
| 1986q3 |
6.396213 |
7.209046 |
6.270823 |
|
| 1986q4 |
6.183145 |
6.995024 |
6.044938 |
|
| 1987q1 |
6.430825 |
7.275475 |
6.292 |
|
| 1987q2 |
6.016491 |
7.405396 |
5.866055 |
|
| 1987q3 |
6.132549 |
7.504881 |
5.975093 |
|
| 1987q4 |
6.022454 |
7.447479 |
5.869963 |
|
| 1988q1 |
6.071287 |
7.50215 |
5.921284 |
|
| 1988q2 |
6.149957 |
7.524872 |
5.995322 |
|
| 1988q3 |
6.246524 |
7.597235 |
6.087875 |
|
| 1988q4 |
6.279671 |
7.543893 |
6.123704 |
|
| 1989q1 |
6.411392 |
7.645458 |
6.255984 |
|
| 1989q2 |
6.445113 |
7.625424 |
6.288329 |
|
| 1989q3 |
6.338911 |
7.735949 |
6.182024 |
|
| 1989q4 |
6.209192 |
7.579979 |
6.03606 |
|
| 1990q1 |
6.385594 |
7.683007 |
6.179046 |
6.264456 |
| 1990q2 |
6.437322 |
7.614766 |
6.189224 |
6.292093 |
| 1990q3 |
6.454051 |
7.674582 |
6.192797 |
6.277277 |
| 1990q4 |
6.453851 |
7.730598 |
6.158297 |
6.21339 |
| 1991q1 |
6.660261 |
7.920459 |
6.346379 |
6.380506 |
| 1991q2 |
6.714243 |
7.939358 |
6.390729 |
6.498395 |
| 1991q3 |
6.706234 |
7.896038 |
6.365521 |
6.596712 |
| 1991q4 |
6.753756 |
7.971845 |
6.419287 |
6.520687 |
| 1992q1 |
6.961343 |
8.188493 |
6.620718 |
6.723822 |
| 1992q2 |
7.2262 |
8.391601 |
6.837246 |
6.983646 |
| 1992q3 |
7.391633 |
8.530132 |
7.000341 |
7.180471 |
| 1992q4 |
7.514934 |
8.603005 |
7.102313 |
7.243788 |
| 1993q1 |
7.790403 |
8.846271 |
7.362745 |
7.506881 |
| 1993q2 |
7.890241 |
8.902487 |
7.454607 |
7.599605 |
| 1993q3 |
7.953892 |
8.939291 |
7.52229 |
7.670599 |
| 1993q4 |
8.004107 |
8.922692 |
7.553982 |
7.754723 |
| 1994q1 |
7.83031 |
8.715458 |
7.386457 |
7.622828 |
| 1994q2 |
7.839993 |
8.673656 |
7.357306 |
7.705151 |
| 1994q3 |
7.95465 |
8.7396 |
7.421361 |
7.742004 |
| 1994q4 |
7.794479 |
8.526015 |
7.236007 |
7.651651 |
| 1995q1 |
7.883479 |
8.570642 |
7.289068 |
7.675363 |
| 1995q2 |
8.038231 |
8.708857 |
7.439035 |
7.605198 |
| 1995q3 |
8.148234 |
8.782527 |
7.521641 |
7.741021 |
| 1995q4 |
8.117809 |
8.705325 |
7.464342 |
7.619459 |
| 1996q1 |
8.234873 |
8.784912 |
7.541911 |
7.705775 |
| 1996q2 |
8.326309 |
8.685987 |
7.409908 |
7.747316 |
| 1996q3 |
8.337028 |
8.682064 |
7.4181 |
7.802114 |
| 1996q4 |
8.226701 |
8.567626 |
7.30806 |
7.665448 |
| 1997q1 |
8.534451 |
8.728011 |
7.418649 |
7.796207 |
| 1997q2 |
8.569779 |
8.726908 |
7.455286 |
7.772103 |
| 1997q3 |
8.658069 |
8.790502 |
7.528815 |
7.767259 |
| 1997q4 |
8.45195 |
8.535253 |
7.297518 |
7.552006 |
Figure 3. Adjusted Capital Ratios and Loans as Percentage Deviations from Trend
| qdate |
Loans (Percent Deviation from Trend) |
Adjusted Capital Ratio (Percent Deviation from Trend) |
| 1976q1 |
-1.561822 |
0.3873674 |
| 1976q2 |
-1.256983 |
1.180079 |
| 1976q3 |
-2.019981 |
1.68716 |
| 1976q4 |
-2.183898 |
1.427812 |
| 1977q1 |
-2.643265 |
0.7346082 |
| 1977q2 |
-1.654457 |
0.9581522 |
| 1977q3 |
-0.3739995 |
0.3237624 |
| 1977q4 |
0.0334245 |
-0.1262259 |
| 1978q1 |
0.5580874 |
-0.307261 |
| 1978q2 |
1.898871 |
-0.8180761 |
| 1978q3 |
3.155591 |
-0.5594887 |
| 1978q4 |
3.997545 |
-0.918968 |
| 1979q1 |
4.033195 |
-0.6645886 |
| 1979q2 |
4.95663 |
-1.331583 |
| 1979q3 |
6.229556 |
-2.568615 |
| 1979q4 |
5.266276 |
-1.136579 |
| 1980q1 |
4.432186 |
-1.214061 |
| 1980q2 |
1.420551 |
-0.8266592 |
| 1980q3 |
-0.7758444 |
-0.4502147 |
| 1980q4 |
-0.9768331 |
-0.3231446 |
| 1981q1 |
-2.104469 |
-0.3712396 |
| 1981q2 |
-2.266143 |
-0.1678725 |
| 1981q3 |
-2.414325 |
-0.5213992 |
| 1981q4 |
-2.961487 |
-0.1133048 |
| 1982q1 |
-2.655846 |
0.0568674 |
| 1982q2 |
-2.077783 |
0.5056538 |
| 1982q3 |
-2.568188 |
0.0533544 |
| 1982q4 |
-3.387053 |
-0.2005623 |
| 1983q1 |
-4.359085 |
-0.2917084 |
| 1983q2 |
-4.990821 |
-0.0376524 |
| 1983q3 |
-4.578615 |
0.1778399 |
| 1983q4 |
-3.747969 |
0.7134899 |
| 1984q1 |
-3.193332 |
-0.253405 |
| 1984q2 |
-1.428833 |
-0.4678934 |
| 1984q3 |
-0.4053855 |
1.516816 |
| 1984q4 |
0.536186 |
1.463044 |
| 1985q1 |
0.566909 |
2.200254 |
| 1985q2 |
0.1207166 |
2.297136 |
| 1985q3 |
0.7107714 |
1.815625 |
| 1985q4 |
0.8108491 |
1.684773 |
| 1986q1 |
1.47355 |
2.461107 |
| 1986q2 |
0.9912567 |
2.420164 |
| 1986q3 |
0.8663573 |
2.716381 |
| 1986q4 |
0.957652 |
0.7669027 |
| 1987q1 |
1.850196 |
3.249792 |
| 1987q2 |
1.626013 |
-3.525637 |
| 1987q3 |
0.3257338 |
-2.176654 |
| 1987q4 |
0.539879 |
-2.453658 |
| 1988q1 |
0.4247923 |
-3.280351 |
| 1988q2 |
1.234503 |
-2.207571 |
| 1988q3 |
1.528872 |
-0.9207407 |
| 1988q4 |
1.744209 |
0.735007 |
| 1989q1 |
2.172004 |
0.9351947 |
| 1989q2 |
2.660659 |
0.9378016 |
| 1989q3 |
3.925028 |
-0.9284492 |
| 1989q4 |
4.352096 |
-2.595992 |
| 1990q1 |
3.950864 |
-2.454808 |
| 1990q2 |
3.744015 |
-3.117295 |
| 1990q3 |
4.156903 |
-3.293848 |
| 1990q4 |
3.738019 |
-3.513981 |
| 1991q1 |
2.720122 |
-2.942905 |
| 1991q2 |
1.634372 |
-3.247017 |
| 1991q3 |
-0.0867032 |
-4.122981 |
| 1991q4 |
-1.190897 |
-3.171775 |
| 1992q1 |
-1.683601 |
-2.524675 |
| 1992q2 |
-2.729394 |
-0.3698401 |
| 1992q3 |
-4.115004 |
1.292189 |
| 1992q4 |
-4.317156 |
2.939119 |
| 1993q1 |
-5.06242 |
4.480253 |
| 1993q2 |
-4.945105 |
4.917058 |
| 1993q3 |
-4.324949 |
5.057835 |
| 1993q4 |
-3.935888 |
6.009883 |
| 1994q1 |
-3.77705 |
1.967688 |
| 1994q2 |
-3.71756 |
1.036448 |
| 1994q3 |
-2.685242 |
1.17008 |
| 1994q4 |
-1.667761 |
-0.4372998 |
| 1995q1 |
-0.3299242 |
-0.9865269 |
| 1995q2 |
0.8700005 |
0.8438144 |
| 1995q3 |
1.656002 |
1.208028 |
| 1995q4 |
1.184481 |
1.883214 |
| 1996q1 |
0.6807382 |
1.839469 |
| 1996q2 |
-0.0002691 |
0.097982 |
| 1996q3 |
-1.192171 |
-0.4842074 |
| 1996q4 |
-1.212734 |
-0.1262246 |
| 1997q1 |
-1.388054 |
0.386534 |
| 1997q2 |
-0.6097696 |
1.136963 |
| 1997q3 |
-0.0180128 |
1.421404 |
| 1997q4 |
-0.5291008 |
0.4658529 |
Figure 4. Adjusted Capital Ratio for Selected States
| Date |
California |
New York |
Texas |
| 1976 |
4.531336 |
5.267195 |
5.719001 |
| 1977 |
4.629593 |
4.837248 |
5.255422 |
| 1978 |
4.487094 |
4.822785 |
5.135496 |
| 1979 |
4.459724 |
4.552611 |
5.110121 |
| 1980 |
4.373147 |
4.404176 |
4.94001 |
| 1981 |
4.447018 |
4.3769 |
5.027085 |
| 1982 |
4.575206 |
4.489734 |
5.08295 |
| 1983 |
4.645248 |
4.583273 |
5.236082 |
| 1984 |
4.821489 |
4.819109 |
5.327073 |
| 1985 |
5.099474 |
5.013726 |
5.596642 |
| 1986 |
5.123075 |
5.038427 |
5.481299 |
| 1987 |
5.354128 |
5.299728 |
5.300619 |
| 1988 |
4.918708 |
4.549291 |
4.080031 |
| 1989 |
5.274613 |
5.248245 |
4.753284 |
| 1990 |
5.482712 |
4.972234 |
5.063033 |
| 1991 |
5.672704 |
5.253057 |
5.185388 |
| 1992 |
5.65261 |
5.491832 |
5.301453 |
| 1993 |
6.82339 |
6.630599 |
6.466065 |
| 1994 |
6.882916 |
6.486281 |
6.423533 |
| 1995 |
6.683762 |
6.251791 |
6.051121 |
| 1996 |
7.024502 |
6.532154 |
6.407726 |
| 1997 |
6.717548 |
6.239808 |
6.238712 |
Figure 5. Average Size of Establsihments (as measured by employees in industries not dependent on external finance)
| Date |
California (Employees per Establishment) |
New York (Employees per Establishment) |
Texas (Employees per Establishment) |
| 1977 |
32.50247 |
33.07285 |
42.43605 |
| 1978 |
34.82349 |
34.74958 |
45.81104 |
| 1979 |
37.29047 |
36.96269 |
48.12641 |
| 1980 |
37.59328 |
36.65641 |
47.55468 |
| 1981 |
36.35189 |
35.82471 |
46.15815 |
| 1982 |
34.70555 |
35.14256 |
44.78199 |
| 1983 |
29.90338 |
31.51336 |
37.78061 |
| 1984 |
31.89875 |
32.72178 |
37.63611 |
| 1985 |
31.2986 |
31.92518 |
36.42521 |
| 1986 |
31.36172 |
32.22202 |
35.96879 |
| 1987 |
30.06502 |
31.59416 |
33.12814 |
| 1988 |
34.39451 |
34.41372 |
37.69003 |
| 1989 |
34.61389 |
34.98425 |
38.20021 |
| 1990 |
32.58669 |
32.53795 |
35.32655 |
| 1991 |
31.43193 |
31.66163 |
35.0273 |
| 1992 |
29.68614 |
30.01093 |
33.41099 |
| 1993 |
29.93928 |
29.46403 |
33.76155 |
| 1994 |
28.89014 |
28.71938 |
33.89831 |
| 1995 |
29.60622 |
29.16503 |
33.98867 |
| 1996 |
29.66725 |
28.33486 |
33.77049 |
| 1997 |
30.3601 |
28.14703 |
34.52142 |
Figure 6. Average Size of Establsihments (as measured by employees in industries dependent on external finance)
| Date |
California (Employees per Establishment) |
New York (Employees per Establishment) |
Texas (Employees per Establishment) |
| 1977 |
55.29459 |
68.74793 |
69.90718 |
| 1978 |
58.30743 |
71.9897 |
72.52841 |
| 1979 |
62.60592 |
76.15624 |
78.26274 |
| 1980 |
65.7192 |
75.77595 |
79.11379 |
| 1981 |
63.49799 |
73.08644 |
78.31381 |
| 1982 |
62.36066 |
68.81565 |
77.0212 |
| 1983 |
54.54318 |
61.78405 |
62.04916 |
| 1984 |
58.31223 |
65.69662 |
62.21353 |
| 1985 |
58.56602 |
65.8284 |
61.59916 |
| 1986 |
58.84674 |
67.36971 |
60.2732 |
| 1987 |
55.43119 |
64.41475 |
58.4777 |
| 1988 |
54.53354 |
61.04718 |
59.02828 |
| 1989 |
56.74554 |
60.67754 |
60.89727 |
| 1990 |
52.88968 |
57.5447 |
58.33345 |
| 1991 |
49.94051 |
54.42082 |
57.56589 |
| 1992 |
46.26917 |
53.59968 |
54.65742 |
| 1993 |
44.49606 |
52.07075 |
52.90594 |
| 1994 |
42.76799 |
52.09404 |
52.47779 |
| 1995 |
43.82673 |
53.27944 |
54.48237 |
| 1996 |
44.25666 |
52.1145 |
53.32204 |
| 1997 |
45.30219 |
49.49038 |
54.50005 |
Figure 7. Number of Establsihments (in industries not dependent on external finance)
| Date |
California (Number of Industries) |
New York (Number of Establishments) |
Texas (Number of Establishments) |
| 1977 |
21468 |
21923 |
8742 |
| 1978 |
21568 |
21248 |
8700 |
| 1979 |
21455 |
20398 |
8520 |
| 1980 |
21494 |
19887 |
8632 |
| 1981 |
21865 |
19625 |
8979 |
| 1982 |
22676 |
19346 |
9463 |
| 1983 |
24912 |
20547 |
10192 |
| 1984 |
24800 |
20153 |
10418 |
| 1985 |
25650 |
20261 |
10870 |
| 1986 |
25771 |
19629 |
10703 |
| 1987 |
27839 |
19355 |
11191 |
| 1988 |
27434 |
18677 |
10701 |
| 1989 |
27684 |
18225 |
10634 |
| 1990 |
29627 |
18641 |
11300 |
| 1991 |
29148 |
17729 |
11247 |
| 1992 |
29650 |
17843 |
11864 |
| 1993 |
29149 |
17542 |
11948 |
| 1994 |
28910 |
17030 |
12096 |
| 1995 |
29115 |
17003 |
12269 |
| 1996 |
29262 |
16592 |
12492 |
| 1997 |
29606 |
16310 |
12556 |
Figure 8. Number of Establsihments (in industries dependent on external finance)
| Date |
California (Number of Industries) |
New York (Number of Establishments) |
Texas (Number of Establishments) |
| 1977 |
17132 |
6768 |
6766 |
| 1978 |
17308 |
6602 |
6917 |
| 1979 |
17778 |
6458 |
7102 |
| 1980 |
17849 |
6378 |
7373 |
| 1981 |
17894 |
6305 |
7769 |
| 1982 |
18466 |
6325 |
8017 |
| 1983 |
19918 |
6594 |
8422 |
| 1984 |
19889 |
6520 |
8397 |
| 1985 |
20197 |
6556 |
8542 |
| 1986 |
19901 |
6340 |
8232 |
| 1987 |
20703 |
6305 |
8384 |
| 1988 |
19944 |
6041 |
8026 |
| 1989 |
19583 |
5858 |
7963 |
| 1990 |
20405 |
5917 |
8511 |
| 1991 |
20139 |
5658 |
8560 |
| 1992 |
20314 |
5573 |
9052 |
| 1993 |
19550 |
5555 |
9165 |
| 1994 |
19146 |
5434 |
9320 |
| 1995 |
19207 |
5350 |
9445 |
| 1996 |
19477 |
5284 |
9769 |
| 1997 |
19640 |
5300 |
9887 |