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J.l

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
DEPOSITS RESERVES,>AN
ECO
' D BORROWING*S
-»->OF 1.IE1.IBER BANKS,
DfUMAa, SQUi
UNuiD
iD HALF
tuiLr 0 MAY 'j&ff
(Averages or daily figures 1/. In millions of dollars)
Met
Demand
Gross demand deposits
demand
Time
balances due Reserves with F.R.Banks
Interdeposits deposits from domestic
Total bank
Other
2/
banks
3/
Total J Required | Excess

Class of bank
and.
R. d i s t r i c t
All member banks
J 3 7 , S 3 l j 10,221
77,610
28,613
77,295
3,030
16,871
Central reserve city bankst
Kerw York
21,723
3,852
17,871
20,000
1,556
42
4,506
Chicago
5,027
1,011
It, 016
1,525
923
141
1,058
Reserve city banks
32,346
27,781
4,565
11,275
27,995
1,701
6,458
Boston
-i^5'
252
1,593
1,673
193
32
354
New York
26
557
531
189
300
23
lie
Philadelphia U/
2,119
324
1,7914
1,862
24o
69
393
Cleveland
~
3,949
431
3,518
3,2*69
i,ln
165
807
Richmond
2,043
292
1,756
1,789
132
93
398
Atlanta
1,985
1,601
384
1,681
hoe
123
377
Chicago
3,858
407
3,150
3,328
1,996
267
8 06
St. Lcuis
1,919
512
1,107
1,629
336
92
355
idnneapolis
964
231
806
733
180
176
5?
Kansas City
2,686
720
1,966
2,197
362
251
478
Dallas
2,385
ii82
1
,
9
0
3
1,952
355
259
445
San Francisco
8,031
502
7,121
7,530
5,062
268
1,752
Country banks
-28,7?7
794
_2Zz9y2_ 24,775 _ i w m _
4,849
3,147
Boston
2,260
2,160
79
1,973
166
1,099
367
New York
4,052
82
3,970
3,570
3,368
290
Philadelphia k /
2,134
15
2,119
1,871
1,711
198
4o4
Cleveland
2,384
23
2,362
2,077
1,737
2I46
451
hi chjnond
2,028
104
1,923
1,706
869
2k8
323
Atlanta
2,358
149
2
,
2
0
9
2,007
707
283
353
Chicago
60
3,908
3,848
3,371
2,546
701
457
Louis
1,642
44
1,598
1,125
613
261
I89
Idnneapolis
1,365
50
1,315
1,190
743
146
237
Kansas City
2,172
2,115
57
1,836
309
318
315
Da Has
2,608
103
2,505
2,151
211
421
365
San Francisco
1,824
26
1,797
1,597
181
946
304
*TGTB: uemana deposits adjusted (demand deposits other than interbank a and United
States Government, less
of collection) of a l l meniber banks estimated at 70 ,000 millions.
For numbered footnotes see next page.




J ume 18, I9l;0
Borrowings
at Federal
Reserve
Banks. _

16,180

691

184

4,493
1,051
6,276
346
116

13
7

72
9

387
779
384
361
785

346
172
46i

412
1,728
4.360
342
702
365
395
291
625

236
211

276

314
280

183
2
6

28

15
16

21
9
4

17
34
24
25
67
4o

56

32
29
77
25

:
51
23

56
3

1

2

8
6
4

6

7

1

12

6
47
10
15
4
3
5
1
1
3

1
1

1

cash items reoorted as in process

.} J. la
DEPOSITS, RBSSftVBS, AND BORROWINGS OF MEMBER BANKS - (Cont'd)
(Averages of d a i l y f i g u r e s . In thousands of d o l l a r s )

Federal
Reserve
district

Demand deposits except interbank
2nd half
1st half
2nd half
May 1948
May 1948 May 1947

2nd half
May 1948

Time deposits
1st half 2nd half
May 1948 May 1q47

Country banks in plaoes with population of 15,000 and over l /
Total
Boston
New York
Philadelphia 3 /
Cleveland
"~
Richmond
Atlanta
Chicago 2 /
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco 2 /

16,201,473
1,850,526
2,965,291
1,221,373

1,325,558
1,078,313
1,538,277
2,164,312
653,653
568,697
549,530
997,880
1,268,003

16,151,985 15.0S7.2q? 8.814.466

8.777.146 8.120.383

1,853,361
2,945,112
1,134,344
1,328,572
1,086,564
1,562,878
2,185,895
645,413
570,201
549,358
997,938
1,292,344

870,282
882,599
2,214,478 2,160,456
767,642
741,275
914,273 913,018
395,716
397,39k
491,382
489,316
1,587,537 1,364,749
332,441
337,959
291,730
296,295
104,312
105,201
145,282
138,929
650,310
604,953

1,800,145
868,034
2,787,918 2,214,054
1,063,301
811,801
1,291,015
914,597
1,045,407
399,090
1,524,442
490,022
1,878,497 1,588,601
618,550
337,631
295,178
539,797
104,497
504,384
145)058
886,634
1,117,207
645,903

Country banks in places with population of less than 15,000
Total
Boston
Nev/ York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis 2 /
i Minneapolis
Kansas City
Dallas
San Francisco

11,740,463

11.858,132 11.540.952 6.044,355

6,047,524 5,956,247

329,896
1,004,833
897,532

321,036
230,916
970,822 1,154,382
877,287
899,485
822,088
1,034,539
846,461
469,929
660,844
216,966
1,652,837
957,395
962,762
275,244
448,017
727 , 599
1,548,903
204,025
1,386,213
65,648
551,629
300,260

231,057
230,155
1,154,215 1,141,711
886,512
899.527
822.528
820,229470,498
465,910
217,124
212,009
957,958
935,859
274,669
273,921
449,016 433,765
198,809
204,379
65,438
59,346
301,115 298,021

1,036,091

845,147

670,500
1,663,907

944,267
746,291
1,565,113
1,507,497
529,389

333,160
1,015,885
904,360
1,041,468
856,556
679,154
1,678,022
965,336
751,523
1,580,829
1,514,371
537,468

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 f o r these 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 classificatL on of c i t i e s or individual banks.
3 / See footnote 4 below.
Footnotes for preceding page ( J . l ) s
l / Averages of d a i l y closing f i g u r e s f o r reserves and borrowings and of d a i l y opening f i g u r e s f o r other columns, inasmuch as reserves required are based on
deposits a t opening of business.
2 / Demand deposits subject t o reserve requirements, i . e . , gross demand deposits
~~ minus cash items reported as in process of c o l l e c t i o n and demand balances due
from domestic banks.
3 ! Includes some interbank and U.S. Government tiiqe deposits; the amounts on c a l l
report dates are shown in the Member Bank Call Report.
4 / Data not e n t i r e l y comparable with p r i o r periods due t o a change in the reserve
c l a s s i f i c a t i o n of individual banks.




*j|lt)

DEPOSITS RESERVES, AND BORROWINGS OF MEiiBBR BANKS-(Cont'd)
(^yarag9£t of d a i l y f i g u r e s ; in thousands of dollars*' Comparability of
f i g u r e s i s a f f e c t e d somewhat by changes in Federal Reserve membership,
e^BOrpttpns-, e t c . , p a r t i c u l a r l y i n States designated by a» a s t e r i s k . )
Demand deposits except interbank
2nd half
1st half
2nd half
May 19^8
May I9U8 •fey

2nd half
May 191+8

Time deposits
1st half
2nd half
May 19k 8 May 19U7

Country banks in places with population of less than 15,000
T o t a l , a l l States
New England
Maine

New Hampshire
Vermont*
Massachusetts
Rhode Island
Connecticut
Middle Atlantic
New York
New Jersey
Pennsylvania
E.North Central
Ohio
Indiana
Illinois*
Michigan
V/i scons in
W,North Central
Minnesota
Iov/a
Missouri
North Dakota
South Dakota
Nebraska
Kansas
South A t l a n t i c
Delaware
Maryland
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
E.South Central
Kentucky
Tennessee
Alabama
Mississippi*
Tf* South Central
Arkansas
Louisiana
Oklahoma
Texas
Mountain
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada*
Pacific
Washington
Oregon*
California

2,36

&6,376
66,h^9
53,716
59,599
71,210
70,201
28,kk8
28,713
28,195
12,837
k3,2l6
5k, 520
13,310
55,9H
55,950
115,628
116,289
113,608
51,372
55,229
5k,k03
1,557
1,526
879
.707
1,558
957
3L,3U
#,276
59,277
35,550
55,9kk
2,290,870
2.176.22k
2,195,477- _2,125,725 2.309.313 2,309,*22L
692,110
702,288
758,563
665,k58
7k7,308
758,k85
52k, 512
193,857
196,695
523,751
k86,769
52k,903
1,026,238
989,957
1,025,9^9 1,019,811
996,19k
983,k98
2,379,815 , 2,387,9)5 2.350,382 1,653,582 1.65k.809 1.623.977
503,106
58b,739
575,629
5^8,339
503,285
k95,lk8
176,717
HI,187
kl3,05i
176,861
168,958
klk,3k9
887,925
379,663
891,036
87k,078
36k,856
379,9H
36k,232
298,202
299,395
367,880
295,717
36k, 677
229,86k
192,227
191,599
227,135
189,609
230,075
l,90k,k26
1,928,267 li20k*52k 532,25k
%2,2#
513,505
250,561
216,220
251,190
215,907
208,798
2k3,925
32k,203
9k,226
316,01k
327,658
92,389
9k,k59
66,232
301,130
305,752
301,918
#,700
#,756
88,3k2
87,122
6k,702
29,258
26,7kk
29,H7
156,1*56
lko,116
35,296
33,5k8
153,89k
35,273
333,836
328,869
k3> 129
k2,339
333,709
k3,363
k69,037
k65,286
U65,kl9
kk,9l0
kk,879
k3,k55
1,187,779 1,176,762
1,172,268
583,880
5Gk,05Q
570.232
11,678
11,796
17,k03
11,715
17,kl8
17,367
123,008
lk9,208
lk7,lkl
116,983
123,137
123,039
312,6k2
201,526
205,k72
308,60k
310,30k
205,31k
80,700
186,89k
171,013
82,273
82,192
185,907
136,211
136,303
50,0k8
50,276
51,756
13k,365
18,661
17,k7 6
85,576
18,695
83,528
87,556
29,232
95,588
29,927
29,957
9k,k83
93,599
20k,165
62,525
20k,687
63,021
61,938
201,83k
66k,806
61t2.lj.li5
153.70k
156.8k2
6k8.k33
156.Q83
282,388
206,733
k6,153
k5,951
k6,069
278,952
61,290
62,681
62,236
176,398
180,995
179,k13
36,8k3
lk 6, k 65
11:3,039
36,918
137,782
35,33k
k6,608
11,17k
11,999
50,613
k6,298
9,981
'k.778
lh.2 .551
£,,jQCL 255—2.016,595 1.878.337
ik?,76k_
28,673
156,815
29,3k6
150,k76
29,358
157,899
28,112
82,225
27,500
77,620
28,095
81,935
32,571
396,685
33,687
383,922
392,975
33,595
k6,03k
51,636
5l,k86
1,379,586 1,259,980
1.375,369
182,089
713.112
182.680
180.631
723.508 ^ 70k.%q
ko,762
k0,071
162,321
159,8k9
158, oko
ko,87k
16,753
73,827
I5,lkl
76,022
I6,8k5
76,lko
21,650
20,k26
87,797
88,178
21,630
79,007
k9,267
233,905
236, k i o
k9,k96
229,932
k9,331
12,287
100,716
12,10k
12,361
102,5k8
96,653
1,158
3,98k
1,172
k,071
905
3,923
3k,580
k5,335
k5,830
33,320
k3,2k3
3k,793
5,632
8,128
7,999
9,168
17,k6l
5,67k
212,137
390,214;
klo,862
2k2.631
k03,kl7
239,k87
k1,065
86,632
87,967
ki,205
kl,352
87,038
27,535
83,922
85,585
27,657
27,09k
85,155
173,537
227,690
229.865
171. Okl
238.669
173.760
58,k38

70,790