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59 ^
Class^orbank
and
F. R. d i s t r i c t

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orfa C- ^X-^'i

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^ ^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