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J ("t" <u 59 ^ Class^orbank and F. R. d i s t r i c t — - ^ orfa C- ^X-^'i 4^C,ZU^ ^ . , y z6 ^ ^A ^ ^BOARD OF ^GdVERNORS OF THE FEDERAL RESERVE SYSTEM i « DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS, FIRST HALF OF MARCH I9U8 Gross demand d e p o s i t s Inter/ I Other Total bank Net demand Time deposits deposits y , 1/ Demand b a l a n c e s due Reserves w i t h F . R, Banks from domestic banks Excess Total Required \ f o A p r i l 5» I9U8 Borrowings a t Federal Reserve Banks A l l member banks 28,6k6 17,285 891 78,301 159 16,394 88,OS 10,941 5.3k3 77,913 Central reserve c i t y bankst New York 8 22,118- " 3 , 9 8 6 ^ 18,132"" 2 0 , 5 5 8 4,615 4,650 1.53K k5 35 Chicago 10 138 1,089 4,652 920^ 1,079 5,128' ' 1,090 1,038-/ k5 66 240 27,626 28,273 11,325 l,7k6 6,574 6,334 52., 592 Reserve c i t y b a n k s 4,966 2 Boston 1,631/ 1,723 1,890365 356 195- r 259 9 33 2 1 New York 117 2k 119 30027563536k95 2 2 , 0 2 6 4 2 0 2,288- — 427 Philadelphia 1 . 9 5 6 T 84 2 5 3 7 332^ 16 i.kKK 164 781 817 Cleveland 3,k80 472 37 3,929 3,k5710k 2,0861,768^ 406 1,823 13 15 318 391 Richmond k39' r 20 132 368 2,025 " 1.577- - 1 , 7 1 5 k09387 Atlanta 5 447-— 816 28k Chicago 4 / 4o 3.828 3,281 776 3,381+1.9945 4442 618 S t . Louis U / 372 13 1,37k1.695 1,992 97 335359 z 2 2 181 267 722r181% Minneapolis" 8k0 179 56 990 26 Kansas C i t y 263 1,966^ 2,2kk 471 2,723 ^ 7 36k496 757 222 Dallas 416 l,8k6— k 2,358 ^ 513 1,973 449 33 357San F r a n c i s c o k / •1 1,701 1.736 283 7 510 7,b09 5,089 • . 35 6,979 7,919 28,117 605 29,016 2k,818 Ik,868 4.972 4,367 C o u n t r y banks 3,kik 39 899 Boston 2,178/ 1,100-" 2,26k- 31 86^ 175 374 343 1,975 9 New York 13 287 87 4,006 / 785 698 3,918'" 87 3,368^ 3,539 Philadelphia 192 381 7 l,6k7341 15 1 , 9 6 3 - " 1,731 1,977- 39 2 Cleveland 66 280 2k l,7kl^ 456 390 2,3782,35k- " 2,0kl Richmond 12a ^ 296 283 87147 2,095 1 , 9 7 k - " 1,739 343 3 Atlanta 1 328 2,273- ' 2,0k0 70845 17k 2,447 — 344 373 1 Chicago 4 / 628 722 485 3,8832,54969 95 3,952. 3,390 S t . Louis* k / 268 50<" 219 29 1,636l.kkO 615239 ,1,685. Minneapolis 1 246 • 215 30 61 164 7i.U3 - ' 1 , 3 5 1 - - 1.217 751Kansas C i t y 1 280 2,211 — 2,15260 — 324 1,86k 330 4k 309" Dallas 121 - - 2,551'" 211~ 376 317 58 2,671 — 2,175 456 San F r a n c i s c o 4 / 2 0 0 32 1 , 6 6 6 325 2 9 3 1 , 8 8 3 1,916 33 989 NOTfi: Demand d e p o s i t s a d j u s t e d (demand d e p o s i t s o t h e r t h a n i n t e r b a n k and United S t a t e s Government, l e s s c a s h i t e m s r e p o r t e d as i n p r o c e s s . ^ of c o l l e c t i o n ) of a l l member banks e s t i m a t e d a t 71*050 m i l l i o n s . For 1. . b e r e d f o o t n o t e s s e e n e x t p a g e . DEPOSITS, RESERVES, AND BORROWINGS OF MEliBER BANKS - ( C o n t ' d ) ( A v e r a g e s of d a i l y f i g u r e s . Federal Reserve . district I n t h o u s a n d s of d o l l a r s ) Time d e p o s i t s Demand d e p o s i t s e x c e p t i n t e r b a n k 1st half 2nd h a l f 1st half 1st half 2nd h a l f Feb. 1QL8 Mar. 1QL7 Mar. 19L0 Feb. 19L8 Mar. 19L7 1st-half iiar. 1QL8 C o u n t r y b a n k s i n p l a c e s w i t h p o p u l a t i o n of 1 5 , 0 0 0 and o v e r Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago 2 / S t . Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o 2/ 16.086.L18 1,8L9,L66 3,915,57L 1 , 0 7 a , 185 1,311,007 1,096,307 1 , 5 8 3 , 7 06 2,161,875 6L7,595 571,757 5L7.561 998,6lL 1,325,771' 15.71x8.767 15.1x10.735 [8.7Q0.Q62 357,628 911,818 087,1x97 297,660 09L,687 565,7L7 97L,007 639,936 57L.530 5L7.85L 002,933 16L,L70 8.5L0.L52 l/ 8.360.L0l 875,322 880,097 1 , 8 3 8 , 8L2 875,195 211,230 2 , 2 0 5 , L 5 L 2 , 1 5 0 , 9 9 9 7L7,505 1,101, 936 7L6,105 733,752 9H,727 912,2L2 913,666 1 , 3 2 5 , 819 396,858 1,002 006 397,3L0 393,989 L90.6L0 1 , 5 8 2 , 880 L90.632. L87,515 1,908 561 1 , 5 8 6 , 1 3 6 1 , L 1 L , 7 5 6 1 , 3 1 2 , 6 3 5 338,097 6 3 2 , 897 327,0L9 337,837 298,229 290,031 298,823 555, 2 0 7 10lx,781 10L,572 10L,723 517, 0 L 9 ILL,505 130,525 1L3.615 897 6 9 9 682,932 612,106 606,995 1 , 1 5 6 , 251 2,811, 588 C o u n t r y b a n k s i n p l a c e s w i t h p o p u l a t i o n of l e s s t h a n 1 5 , 0 0 0 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis 2 / Minneapolis" Kansas C i t y Dallas San F r a n c i s c o 12,030.770 r l 2 , 0 3 9 , 2 6 2 . 11.917.003 16,076,878 6.087.505 5.916.035 232,681 1,156,809 899,020 826,518 L73,8l6 217,630 962,677 277,109 L52.803 2oL,392 66,87L 306,5L9 232,618 1 , 1 5 7 , 589 897,808 825,831 L7L,L2L 217,6L5 963,006 286,989 L53,862 20L,581 65,732 307,L2o 230,L97 1,138,859 077,193 813 ,787 L65,L8lx 212,288 922,887 268,117 L28,899 196,91x6 58,785 328,902 1,002,907 888,L35 1,0L2,891 877,96L 689,2oL 1,721,5L5 988,109 776,725" i,6oL,iL3 1,552,318 557,627 r 327 , 607 1, 000,L59 888,588 i,031,LL5 870,228 68L,377 i,72L,35L 1,005,952 777,LL9 1,611,056 l,5L7,755 561,992 331,213 1,001,816 898,555 1,056,075 806,716 606,877 1,693,629 1,000,220 759,381 1,595,599 1,L18,650 575,L72 302,288 r Revised. 1 / I n c l u d e s a n y b a n k s i n o u t l y i n g s e c t i o n s of r e s e r v e c i t i e s w h i c h h a v e b e e n g i v e n p e r m i s s i o n t o c a r r y t h e same r e s e r v e s a s c o u n t r y b a n k s . 2 / . D a t a f o r t h e s e d i s t r i c t s a r e n o t e n t i r e l y c o m p a r a b l e . w i t h p r i o r p e r i o d s due t o a r e d e s i g n a t i o n of r e s e r v e c i t i e s on March 1, I 9 L 8 , F o o t n o t e s f o r p r e c e d i n g page ( J . l ) i l/ 2/ ~™ A v e r a g e s of d a i l y c l o s i n g f i g u r e s f o r r e s e r v e s and b o r r o w i n g s a^id of d a i l y openi n g f i g u r e s f o r o t h e r c o l u m n s , inasmuch a s r e s e r v e s r e q u i r e d a r e b a s e d on d e p o s i t s a t o p e n i n g of b u s i n e s s , Demand d e p o s i t s s u b j e c t t o r e s e r v e r e q u i r e m e n t s , i . e . , g r o s s demand d e p o s i t s minus c a s h i t e m s r e p o r t e d a s i n p r o c e s s of c o l l e c t i o n and demand b a l a n c e s due from domestic banks, 3/ ~~ I n c l u d e s some i n t e r b a n k and U.S,Government t i m e d e p o s i t s ; t h e amounts on c a l l r e p o r t d a t e s a r e shown i n t h e Member Bank C a l l R e p o r t , L/ See f o o t n o t e 2 i n t a b l e a b o v e . J.lb DEPOSITS, RESERVES, AND BQRRQEilNGS OF MEMBER BANKS-(Cont'd) ( A v e r a g e s of d a i l y f i g u r e s } i n ~ t h o u s a n d s of d o l l a r s . C o m p a r a b i l i t y of f i g u r e s i s a f f e c t e d somewhat b y c h a n g e s i n F e d e r a l R e s e r v e m e m b e r s h i p , a b s o r p t i o n s , e t c . , p a r t i c u l a r l y i n S t a t e s d e s i g n a t e d by an a s t e r i s k . ) Time d e p o s i t s Demand d e p o s i t s e x c e p t i n t e r b a n k 1st half 2nd h a l f 1st half I2nd h a l f 1st half 1st half Mar. I9I4.8 I F e b . 1948 Mar. 1947 Mar. 1948 F e b . I9U8 Mar. 19U7 C o u n t r y b a n k s i n p l a c e s w i t h p o p u l a t i o n of l e s s t h a n 1 5 , 0 0 0 Total,all States New E n g l a n d Maine New Hampshire Vermont* Massachusetts Rhode I s l a n d Connecticut Middle A t l a n t i c New York New J e r s e y Pennsylvania E. North Central "OHil Indiana Illinois* Michigan Wisconsin North Central Minnesota Iowa Missouri North Dakota South Dakota Nebraska Kansas South A t l a n t i c Delaware Maryland Virginia West V i r g i n i a North Carolina South Carolina Georgia Florida E, South Central Kentucky Tennessee Alabama Mississippi W. S o u t h C e n t r a l Arkansas Louisiana• Oklahoma Texas Mountain Montana Idaho Wyoming Colorado New Mexico Arizona Utah Nevada* Pacific Washington Oregon* California 1 2 , 0 3 0 . 7 7 0 r ! 2 , 0 3 9 , 2 6 2 11^917,003 516,039 56,397 69,796 12,976 118,15) 956 57,L6l ,161,322 691,320 198,511 974,461 2.112.389 581,139 121,519 909,597 299,100 197,73k r 344,858 52,969 r 69,382 43,183 119,966 897 766 56,812 2,167,433 697,186 197,162 972,785 2,425.640 575,877 420,991 934,583 298,668 195,521 1.998.883 255,900 342,936 313,580 93,588 165,588 343,260 484,031 1.203.880 17,160 146,867 320,516 186,875 138,665 90,667 97,625 205,485 2,191,875 687,762 503,431 58,161 257,956 345,186 312,777 91,573 164,476 342,343 478,558 1,216,653 17,236 148,987 322,017 190,764 140,294 90,038 97,644 209,673 682,213 663,730 302,966 303,039 180,091 180,919 Hi6,lil6 146,772 52,667 53,073 2.062.329 2,059,632 163,636 162,134 83,896 80,565 4 00,528 400,739 1,418,891 1,411,572 734.083 733,053 167,268 167,682 79,749 87,268 235,214 79,963 87,311 235,603 104,135 4,097 47,252 8,040 422.640 91,928 88,726 241,986 105,062 3,978 46,349 8,165 419.386 92.032 87,306 24o,o48 Digitized for r RFRASER evised, 347,559 %574 70,719 a , 672 119,986 1,000,682 2.400.268 584,815 421,232 892,362 301,293 200,566 1.967.934 256,273 341,604 311,956 90,043 151,589 336,403 480,066 1.237.261 17,308 150,368 335,817 172,496 148,197 95,366 100,148 217,561 678,196 298,174 185,608 145,720 48,694 1,932,881 165,313 80,839 395,197 1,291,532 730.964 165,490 77,378 83,712 237,739 98,616 3,762 46,601 17,666 430,065 90,660 89,275 250,130 6,076,878 243,978 66,988 28,718 56,561 54,451 1,559 35,701 [2,311,365 759,604 527,241 1,024,520 6.087,505 2.1+3,840 66,991 28,732 56,532 54,481 1,595 35,509 2,310,567 761,173 526,501 1,022,893 1,663,866 1 . 6 7 5 . 9 0 2 507,226 507,120 177,541 177,359 379,354 390,775 368,343 368,605 231,402 232,043 5|6^35_ 537.022 217,685 218,285 95,138 95,123 69,307 69,252 29,681 29,833 35,792 35,940 43,659 43,901 44,773 44,688 587,695 588.090 11,807 11,797 124,7% 125,048 205,682 206,023 83,064 82,678 51,069 51,500 18,665 18,554 30,066 30,035 62,6l4 #,424 156,968 156,969 US, 065 45,933 63,143 #,276 36,601 36,619 11,341 11,159 145,777 142,885 31,095 29,1m 28,314 28,338 33,540 33,465 52,820 51,602 184,107 184,322 41,214 41,234 17,262 17,343 21,079 21,226 49,837 49,790 12,515 12,560 1,200 1,182 35,337 35,333 5,663 5,654 217,087 247.900 42,461 42,759 28,084 28,735 176,542 176,414 5,916,035 211,269 66,861 28,675 54,776 55,126 1,510 34,321 2,275,95 747,514 520,750 1,007,695 1,602,307 491,376 167,540 353,976 365,948 223,167 506.338 206,120 91,017 66,21+2 26,257 33,194 41,346 42,162 577.682 11,977 124,207 200,513 80,570 52,408 17,176 29,057 61,774 154,324 46,2U1 63,277 35,002 9,004 133,542 28,574 27,426 32,109 45,433 183.071 39,973 17,018 20,456 49,718 12,179 929 33,795 9,003 241,543 41,937 27,305 172,301