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August id,
BCMD CF GOVERNORS OF THE FEDERAL' RESERVE SYSTEM
DEPOSITS, RESERVES, AND BORRCUINGS CF MEMBER BANKS, SECOp~Hfe£P--CF_aULY I9I18
(Averages of d a i l y figures l / . In millions o f ' d o l l a r s )
-

J.l

Class of bank
and
F. R. d i s t r i c t
All member banks
Central reserve c i t y banks:
New York
Chicago
Reserve c i t y banks
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis

Gross demand deposits
Interbank
Other
8,613

10,755

77,858

Net
demand
deposits

i/_

77,896

Time
deposits
3/
28,813

Demand|
balances due
from domestic
5,321

Reserv is with F..R, Banks
Totdl
17, 5 ^

192i8

(Borrowings
fat Federal
Reserve

-J

Required J - Excess16,786
_??6_

71

27
4,884
42
4,856
17,411
19,811
1,695
21,31*8
3,937
1,167
1,171
135
4,624
946
5
4,038
1,089
5,127
207
6,580
6,372
11,306
1,772
28,072
37
28,469
4,891
32,963
10"
191
1,617
3
&
r
- 3 33
1,739
1,907
24
119 " I T
3
297
491
532
559
1
1,882
238
70
396
391
5
2,129
1,793
841
792
1,432
7
49
179
3,528
3,569
1,037
16
1,788
383
2,ol*6
430
3
1,750
297
93
399
14
361
119
1,683
375
4o4
7
1,605
1,980
374
25
823
275
4
798
1,996
3,502
449
3,394
3,951
108
6
1,626
7
345
1,384
353
334
1,917
533
182
187
268
64
5
Minneapolis
179
1,027
859
759
18
480
264
800
2,014
Kansas City
2,294
499
2,814
358
425
265
32
458
2,014
Dallas
1,952
375
2,465
513
2
23
l,76i
1,738
277
5,071
San Francisco
7,171
8,131
536
7,595
26
Country banks
__3,)72.
14,866
24,992
838
29,175
Boston
180
81
2,032
"1,099
I f '
2,330
New York
707
781
306
74
3,601
4,007
84
3,379
4,091
41
411
Philadelphia
370
. 1,719
197
3
2,152
1,907
2,167
15
2
Cleveland
58
265
396
1,726
2,089
454
24
2,391
2,414
Richmond
268
41
294
112
870
1,726
3
335
2,070
1,957
2
Atlanta
288
32
320
352
698
2,183
146
1,984
2,329
Chicago
712
84
629
68
2,551
497
3,908
3,398
3,976
S t . Louis
237
40
277
209
1,620
613
48
1,429
1,668
Minneapolis
215
244
29
I69
1,216
746
1,416
1,356
Kansas City
321
41
279
308
2,176
1,863
2,238
Dallas
52
212
315
2,161
367
109
2,644
2,535
San Francisco
25
279
304
196
28
1,8C4
1,58-7
945
1,832
NOTEj Demand deposits a d j u s t e d (demand deposits other than interbank and United States Government, less cash items reported as in process
of c o l l e c t i o n ) of ©.11 member banks estimated a t 70, 400 million dollars,
For numbered footnotes see next page.




TT
IS

T

1

!

Si

DEPOSITS, RESERVES, AND BORRCil/INGS OF iSliBER BANKS- (Cont'd)
(Averages of daily figures. In millions of dollars)
Federal
Reserve
district

Time deposits
Demand deposits except interbank
1st half
2nd half
2nd half
1st half
2nd half
2nd half
July I9k8
July I9ii8 July igk7 July I9I48 July I9W July igk7
Country banks in places with population of 15,000 and over l /

Total

16.336

16,313

Boston
hew York
Philadelphia 2 /
Cleveland
Richmond
Atlanta
Chicago 2 /
St. Louis
Liinneapolis
Kansas City
Dallas
San Francisco2/

1,902
2,950
1,236
1,327
1,098
1,531
2,20k
651
586
563
1,017
1,270

.1,889'
2,972
1,21^3
1,318
1,085
1,530
2,187
6k9
587
565
1,00k
1,28k

r15.11k
1,81*0
2,808
1,050
1,292
l,0k2
l,k95
r1,893
617
5k3
521
902
1,110

8.80k

. 8,82k

r8,k73

867
2,216
317
901
398
k82
1,590
338
297
10k
lk6
6k6

866
2,219
818
910
398
k86
1,591
337
296
105
lk8
651

882
2,169
7k7
920
397
k87
r1,397
333
293
105
lko
60k

Country banks in places with population of less than 15,000
Total

12,001

11,915

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis 2 /
Liinneapolis
Kansas City
Dallas
San Francisco

3k7
1,057
916
1,06k
859
651
1,70k
968
771
1,612
1,518
53k

339
1,038
908
1,051
856
662
1,68k
961
766
1,592
1,519
539

rll.652

6.062

6,057

r6.0l7

332 1
232
1,01k 1 1,163
881
902
1,031
025
83k
k7l
638
216
r 1,651
961
9ol
275
728
kk 9
1,581
20k
l,k5k
65
5k8
299

232
1,160
901
825
k67
217
960
275
k50
20k
65
300

233
1,163
89k
82k
k6S
21k
r938
279
k38
201
61
303

I

!

r Revised.
l / Includes any banks in outlying sections of reserve c i t i e s which have been given
~~
permission t o carry the same reserves as country banks,
2 / Data for theee d i s t r i c t s are not e n t i r e l y comparable with year ago figures due
~~
to a change in the reserve c l a s s i f i c a t i o n of c i t i e s or individual banks.
Footnotes for preceding page ( J . l ) ;
l / Averages of daily closing figures for reserves and borrowings and of daily
opening figures for other columns, inasmuch as reserves required are based on
deposits at opening of business,
2 / Demand deposits subject to reserve requirements, i . e . , gross demand deposits
minus cash items reported as in process of collection and demand balances due
from domestic banks.
3 / Includes some interbank and U.S. Government time deposits; the amounts on call
report dates are shown in the uember Bank Call Report.




V
l"t
k
^

Jb

DEPOSITS, RESERVES, AND BORROWINGS OF ijEHBER BANKS-(Cont*d)
(Averages of d a i l y figures? in thousands of d o l l a r s . Comparability of
f i g u r e s i s a f f e c t e d somewhat by changes i n Federal Reserve membership,
absorptions, e t c . , p a r t i c u l a r l y in States designated by an a s t e r i s k . )
Time deposits
Demand deposits except interbank
2nd half
1st half
2nd h a l f
2nd half
1st half
2nd half
July I9U8 July -191*8 July I9I+7
July 1948 July I9I18 July igkl

Country banks in places with population of
T o t a l , a l l States 12,000,930 11,915,311 r l l , 6 5 1 , 7 5 1 6,061,658.
New England
21+3,105
365,073
356,286
317,922
Maine
66,279
53,890
57,961
57,590
New Hampshire
73,500
72,899
28,597
71,380
Vermont
1*5,6l4
1*5,398
45,441
55,965
Massachusetts
120,321
118,1*58
51* ,91*2
126,513
Rhode Island
815
758
1,531*
911
Connecticut
55,918
59,01*7
35,788
59,867
Middle Atlantic
2,227,31*1
2,187,531, 2,320,119
2,253,852
New York
731,1*08
7Ql*, 079
717,101
763,183
New Jersey
1*98,588
508,558
529,172
516,938
Pennsylvania
981*, 861* 1,027,761
1 , 0 0 5 , 5 0 6 1,001,682
E.North Central
2,417,620
r2,351*,1*23
1.661.51*1*
2,459,252
Ohio
592,901
570,778
607,231*
505,523
Indiana
1*11* ,128
1*05,973
1*22,569
177,776
Illinois*
911,881
899,275
381,4*7
922,379
Michigan
r289,225
300,519
301*,1*75
364,699
Wisconsin
189,172
198,191
202,695
231,699
W.North Central
1,929,976
1,960,812 1,938,061*
532,321*
Minnesota
261*, 290
21*6,678
216,327
265,928
Iowa
316,576
329,907
317,925
93,623
Missouri
301*,222
305,866
308,513
69,931*
North Dakota
91,086
82,1*57
29,272
90,913
South Dakota
156,191*
156,191
150,993
31*,921*
Nebraska
337,71*1
337,1*83
331,765
1*3,1*35
Kansas
1*78,236
1*72,287
1*1*, 809
1*83,571
South Atlantic
1,11*9,060
1.176,631 M 7 7 , 7 5 5
581*.695
Delaware
11,822
18,052
17,822
18,101*
Maryland
152,381
11*6,630
123,237
11*9,893
Virginia
206,1*03
312,565
312,1*65
312,81*9
west Virginia
82,662
192,107
187,822
173,1*59
North Carolina
136,375
131,385
137,070
1*9,580
South Carolina
80,601
82,710
18,690
83,252
Georgia
9I*, 1*1*8
92,837
29,719
93,093
Florida
62,582
191,713
190,951*
191,859
E.South Central
658.828
623,1*71
61*8.1*70
155,423
Kentucky
278,186
267,231
271*, 697
45,651
Tennessee
176,713
177,327
179,189
61,933
Alabama
11*0,1*10
131*,71*5
137,028
35,907
Mississippi*
1*1*, 782
50,685
1*9,776
11,932
W.South Central
1,967,1*67
2,057,220 2,035,81*0
142.255
Arkansas
152,509
152,1*75
153,865
29,247
Louisiana
80,795
75,083
80,168
27,717
Oklahoma
411,371
1*13,71*9
1*13,962
33,766
Texas
1,388,821
1,328,504
1,389,225
51,505
Mountain
706,277
679,846
702,909
180.800
Montana
157,626
152,669
157,058
40,672
Idaho
72,786
73,143
71,884
16,473
Wyoming
88,314
75,230
88,489
21,475
Colorado
219,361
231,200
229,989
48,865
New Mexico
99,486
12,232
97,094
98,340
Arizona
4,013
3,832
1,127
3,769
Utah
41,183
45,489
44,132
34,352
Nevada*
8,217
17,691
8,037
5,6o4
Pacific
1*06.255
412,055
407,
241.615
7/ashington *
87,050
87,561
85,454
41,089
Oregon
86,324
85,920
81,034
27,526
California
245.460
254.879
172.998
234,217
r
Revised.




less than 15,000
6,056,830
243,094
66,850
28,591
55,753
55,11*9
1,522
35,226
2,316,609
761,1*09
527,621
1,027,579
1,659,636
56L 781
177,109
382,01*1*
361*,1*1*1

231,261
533,130
216,701
93,939
69,821
29,373
35,120
43,351
44,825
580,
11,823
120,558
205,891
81,448
49,883
18,704
29,854
62,641
157,255
46,281
62,031
37,012
12,031
142,558
29,323
27,905
33,758
51,572
181,21+6
40,794
16,702
21,545
48,898
11,989
1,181
34,514
5,623
242,4oo
1*1,216

27,764
173.420

r6,017,122
244,384
66,969
28,982
56,715
55,882
1,533
31*,303
2,322,167
763,366
530,951*
1,027,81*7
rl.651.672
496,749
170,616
374,508
r36o,790
229,009
521,331
211,502
93,834
68,041
27,068
33,721
43,066
1*4,099
581.167
11,843
124,896
202,723
81,181
51,233
17,5%9
29,848
61,854
154,172
45,575
62,874
35,579
10,145
137,513
2876
28,352
32,809
47,663
182,017
39,906
16,895
20,456
49,013
12,286
875
33,136
9,450
242.698
41,422
27,251
174.025

?/?