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ANALYSIS OF RESERVE POSITION OF MEMBER BAMS, WEEK ENDED WEDNESDAY, JUNE 25, 19^1 CONFIDENTIAL Table 1—Assuming an increase in reserve requirements to twice basic statutory reserve requirements (fffr nn btomm.i of daily figures; amounts in thousands of dollars) Bliti Country banks Central Reserve All Reserve city banks In places with a population of— city member Total Less than 100,000 15,000New York Chicago banks banks 100,000 15*000 and over Reserve percentages, if increased to twice basic statutory requirements» 20 lk 26 lk On demand deposits 26 Ik Ik 6 6 6 6 On time deposits 6 6 6 1« Banks with reserve balances sufficient to meet the increase in reserve requirements: Number of banks Excess reserves if requirements ?/ere increased 2. Banks that could meet the increase by converting not more than half of their bank balances into reserve balances: Number of banks Deficiency in reserves before converting bank balances Excoss reserves after converting half of bank balances into reserves 3» Banks that would have to provide additional reserves after converting half of bank balances into reserve balances: Number of banks Deficiency in reserves before converting bank balances Deficiency in reserves after converting half of bank balances into resorves 26 5,065 ¿¿,127,500 1,673,301 8 307,908 265 1,^32,567 I Ma 9 k 79 -67,1+08 -1,971+ -2,325 -3I+,695 5to,973 2,1+02 2,893 213,1423 13 + 1 1 i+,766 138 713,52!+ 189,11+3 266,1+22 3,895 257,959 1,31+9 -28,l+ll+ -6,566 60 263 -12,1+32 -9,1+16 322,255 80,692 151,272 90,291 1+1 l -18 5 -567 -52 -782 1 . All member banks: + Number of banks Excess reserves on present basis Excess reserves if requirements were increased to twice basic statutory requirements -1,230 -611 -1+63 -25 -29Ì+ - 11+ 3I+5 6,156 199 229,631+ 36 12 6,5i+9 5,230,1+1+7 2,201,5146 i+io, 1 6 0 ]+, 058,662 1,670,760 733 -135 -56 1,001 326,163 305,583 1,71+9,663 869,078 68l+,l+99 182,559 253,855 1,397,820 Note: Due to the fact that balances due from banks are deductible from demand deposits subject to reserve, a withdrawal of such balances results in seme increase in required reserves. If allowance is made for this, two banks would move from group 2 to group 3 an<* ^ould have small deficiencies in reserves aft®r converting one-half of bank balances into reserve balances. B-1259 (Rovised) 1,026 35 -458 -221+ i+,956 313,281 21+8,085 CONFIDENTIAL ANALYSIS OF RESERVE POSITION OF li&'BER BANFS, WEEK ENDED WEDNESDAY, JUKE 25, I9I4I Table la---Assuming an increase in reserve requirements to twice basic statutory reserve requirements 1. All a. b. c. Kumber of banks, by Federal Reserve districts— Distribution of number of banks, by classes, New Total Phila- Cleve- Rich- Atlanta Chicago 1 St. Minne- Kansas ¡Dallas assuming an increase in reserve requirements to Boston York delphia land mond number Louis apolis City j twice basic statutory requirements* L member banks—total 880 570 k52 ¿-7 43 317 k25 667 737 3H> 787 655 6,5if9 501 iao 558 Reserve balances sufficient 521 3kk 2U5 5,065 331 33k 21+9 655 735 106 88 Reserve balances plus l/2 bank balances sufficient 72 2ili 91 1^5 11k 110+ 155 118 9k 5 2 2 Reserve balances plus 1/2 bank balances insufficient 1 Ik 9 3 k3 k 3 2. Central reserve city banks—total a. Reserve balances sufficient b« Reserve balances plus l/2 bank balances sufficient c. Reserve balances plus 1/2 bank balances insufficient 3. Reserve city banks—total a« Reserve balances sufficient b. Reserve balances plus l/2 bank balances sufficient c« Reserve balances plus l/2 bank balances insufficient h. Country banks, population' 100,000 and over—total a* Reserve balances sufficient b* Reserve balances plus l/2 bank balances sufficient c. Reserve balances plus l/2 bank balances insufficient ka —— 36 12 3k mm mm 26 9 1 13 1 10 11 22 265 79 1 9 l 8 3 19 3 199 138 60 1 36 ko 2k 26 6 . Country banks, population less than 15,000—total k.9% 733 263 5 —. 8 3k5 1,001 33 30 3 3k 21 65 2k 31 12 9 k5 20 17 7 2 9 6 3 50 36 36 14 29 30 23 7 7 1 12 Ik 106 72 163 130 30 3 3k 19k 537 19 17 2 26 20 6 3 2 1 11 10 1 1+ 1 9 5 17 12 5 16 6 2 9 6 1 3 3 1 1 92 113 95 —18 — 73 50 23 72 151 50 5k 18 112 kk 3k 10 31 .19 51 27 ¿46 3k k95 kl3 327 261 65 1 213 3Uo 274 66 —w 377 288 86 3 69 21 2 522 396 119 7 39 658 561 U63 3» 895 76 62 kl 1,026 79 t 10 1 3 35 3 *The groupings a, b, end c, under each main classification, show— (a) the number of banks that had reserve balances sufficient to meet an increase to twice basic statutory requirements, (b) the number that could have met such an increase by converting half of their bank balances into reserve balances, and (c) the number that could not have mot such an increase by converting half of their bank balances into reserve balances« 276 176 100 k 5. Country banks, population 15,000-100,000—total a* Reserve balances sufficient b. Reserve balances plus l/2 bank balances sufficient c. Reserve balances plus 1/2 bank balances insufficient a. Reserve balances sufficient b. Reserve balances plus l/2 bank balances sufficient c. Reserve balances plus 1/2 bank balances insufficient San Francisco 2k 12 630 1+86 455 173 2 3*46 135 5 B-1259 (Rovised) 9 5 k ko 25 15 197 123 7k CONFIDENTIAL ANALYSIS OF RESERVE POSITION OF MEMBER BANKS9 WEEK ENDED WEDNESDAY, JUNE 25, 19^1 Table 2—»Assuming an increase in reserve requirements to two and one-ha If times basic statutory reserve requirements (Based on averages of daily figures; amounts in thousands of dollars) Central Reserve All city banks Reserve member city Total banks New York Chicago banks .•Reserve percentages, if increased to two and one-half times basic statutory requirements: On demand deposits ~ 32-1/2 32-3/2 17-3/2 25 / On time deposits 7-1/2 7-2/2 7-1/2 7-1/2 1« Banks with reserve balances sufficient to meet the increase in reserve requirements: Number of banks Excess reserves if requirements were increased 2» Banks that could meet the increase by converting not more than half of their bank balances into reserve balances: Number of banks Deficiency in reserves before converting bank balances Excess reserves after converting half of bank balances into reserves Banks that would have to provide additional reserves after converting half of bank balances into reserve balances: Number of banks Deficiency in reserves before converting bank balances Deficiency in reserves after converting half of bank balances into reserves b* All member banks: Number of banks Excess reserves on present basis Excess reserves if requirements were increased to two and one-half times basic statutory requirements 16 ( Country banks In places with a population of— 100,000 Less than 15*000and over 100,000 15.000 17-1/2 17-1/2 7-1/2 90 1142,896 1+69 199,217 7-3/2 17-3/2 7-1/2 2,562 193,582 3,311 2»391,655 738,k5b lib» 538 1,002,968 3ill+l 535,695 2*977 -31+0,992 6 3 180 -179,867 2,788 99 1+81 2,208 -5,437 -1Ì46,225 -38,289 -61,200 -146,736 928,826 l/„551 16,150 398,075 515,152 12l+, 372 £27,1+08 163,372 261 11+ 2 18 227 -12,1+17 10 31 -1,598 -l*+7 ~+l5 186 -6,362 -615 -2,016 -2Ì42,785 -180,202 6,51+9 5,230,14+7 1,807,878 7 -9,1+63 -119,801 -6,181 -109,695 -3,767 36 12 1+10,160 2,201,5146 ll+7 -10i+,386 -6l,22l+ 3I+5 1,71+9,663 -5,516 6,156 869,078 199 229,631+ 1,001 320,103 -2,883 4,950 313,281 1^,560 li.iii lOlfl 98,891+ 377,053 103,009 613,216 718,715 Notes Due to tho fact that baiane:es due from bardes are deductible from demand deposits subject to reserve, a withdrawal of such balances results in some increase in reserve requirements. If allowance is made for this, a number of the banks in group 2 vrould move into group 3 and vould have scia© deficiencies in rosorves after converting one-half of bank balances into reserve balances. 1/ This aggregate net deficiency is due to the increase in reserve requirements which results from a withdrawal of balances due from B-1259 banks. (Revised) CONFIDENTIAL ANALYSIS OF RESEEVE POSITION OF MEMBER BANKS, TREEK ENDED WEDNESDAY, JUNE 25, 1 9 U Tablo 2a—Assuming an increase in reserve requirements to two and one-ha If " linos basic statutory reserve requirements b Distribution of number of banks, by classes, assuming an increase in reserve requirements to two and one-half times basio statutory requiroiaents* 1« All member banl.es—total a. Reserve balances sufficient b® Reserve balances plus l/2 bank balances sufficient o» Reserve balances plus 1/2 bank balances insufficient 2. Central reserve city banks—total a# Reserve balances sufficient b# Reserve balances plus 3/2 bank balances sufficient c. Reserve balances plus 3/2 bank balances insufficient Total number Boston ~jli6~ 3,311 2,977 261 1+8 23 9 16 158 162 26 — Number of banks, by Federal Reserve diLstricts— Phila- Cleve- Rich- Atlanta Chicago St. New Minne- Kansas Dallas San Louis apolis City Francisco mond York... de lphia land 787 I468 256 63 11 a. Reserve balances sufficient bm Reserve balances plus 3/2 bank balances sufficient c. Reserve balances plus 3/2 bank balances insufficient 10 8 1 1 Country banks, population 100,000 and over—total a. Reserve balances sufficient b# Reserve balances plus 3/2 banlc balances sufficient c. Reserve balances plus l/2 bank balances insufficient 199 90 99 10 36 lU 18 k lo + 18 21 1 1,001 1+89 1+81 31 IO6 Ì6 4 55 " 5 163 103 hi 13 l+,956 2,562 2,208 186 19k 90 88 16 537 328 177 32 5« Country banks, population 15,000-100,000—total a» Reserve balances sufficient b. Reserve balances plus 3/2 bank balances sufficient c. Reserve balances plus 3/2 bank balances insufficient 6* Country banks, population less than 15*000—total a. Reserve balances sufficient b# Reserve balances plus 3/2 bank balances sufficient c. Reserve balances plus 3/2 bank balances insufficient »The groupings a, (a) the number (b) the number (c) the number 667 381 265 21 1+37 235 195 7 I425 211 208 6 1+52 19k 2l+0 18 737 30h 1+18 15 570 280 268 22 276 5 15 1 65 28 3k 3 2k 5 16 3 9 2 7 50 15 3k l 36 17 19 30 12 15 3 11 7 1 + 11+ 5 9 17 9 8 ¿17 Ha 173 3 3 5 3 880 530 338 12 179 13 12 36 16 6 lU 3U5 IU7 180 18 3. Reserve city banks—total 655 325 275 55 7 3 2 22 12 8 2 33 21 12 — 21 3k 19 11+ 1 26 16 9 1 3 2 1 92 Jß U 39 5 113 66 ¿4+ 3 73 72 31 10 + 2 29 k3 522 255 219 18 + U95 278 200 17 327 183 11+0 l. t 19 10 9 — 151 75 76 14+ 21 23 " — — 213 100 ill 2 638 I+15 216 7 3U0 176 161 3 — 16 k 8 1 + 50 18 31 1 377 170 19U 13 b, and c, under each main classification, s h e w — of banks that had reserve balances sufficient to meet an increase to two and one-half times basic statutory requirements4 that could have mot such an increase by converting half of their bank balances into reserve balances, and that could not have mot such an increase by converting half of their bank balances into reserve balances. — 2 1 1 6 2 k - - — — 51 20 31 — 630 267 3h9 Ik 9 2 7 Uà Uo 19 26 1 13 26 1 21+3 222 21 197 57 131 9 B-1259 (Rovised) CONFIDENTIAL ASSETS AND LIABILITIES OF MEMBER BANKS YHICH, AFTER CCNVEIiTIFG HALF OF THEIR BAIsK BALAKC3S INTO RESBRVS BALANCES, T.OULD HAVE TO PROVIDE ADDITIONAL RESERVES IN ORDER TO FEET AN INCREASE IN RESERVE REQUIREMENTS TO TCICB BASIC "STATUTORY REQUIREMENTS (The figures of assets and liabilities are as of June 30, 191+1, but the reserve analysis was based on averages of daily figures for the week ended Juno 25, 191+1) Ft R. Dist. City and State No. Name of bank 2 CENTRAL RESERVE CITY BANK New York, H.Y. Schroder Trust Company 5 RESERVE CITY BANK Calvert Bank Baltimore, Md. 9 2 2 2 3 3 COUNTRY BANK IN A PLACE PITH A POPULATION OF 100,000 OR MORE Minneapolis,Minn. Fidelity State Bank COUNTRY BANKS IN PUCES Y.ITH A POPULATION öF 15,ööö-löö,ö0ö Greenwich, Conn. First National Bank Hackensack, N.J • Bergen County National Bank M iddlet ovm, N.Y• National Bank of I Shamokin, Pa. West End National Bank Shamokin, Pa. Nat iona 1 -D ime Bank Total, 5 country banks in places with a population of 15,000-100,000 AddiTotal tional assets reserves needed^/ Ratios (per CfcntJ U.S.Govt securities Other Balances DeLoans and Loans secur- due from Loans posits investities banks to ii cnts to assets assets In thousands of dollars 1 63 + 27,128 l,l3 +l+ 12,093 3,619 25 13,908 2,723 3,836 2,776 lk 2,636 1,870 205 259 i 270 23,375 1| l + 12,630 | l8 1 1 9 U.S. Govt, Other 1 Bank securi- securi- balances ties to ties to to assets assets 1 deposits 73.2 I5.3 11. ++6 13.3 1.2 67.1 19.6 27.6 20.0 1.2 70.9 7.8 13.6 .+ 1 I+5.3 1+2.5 35.7 20.4 i+1.8 15.8 21.5 1.7 1.1 2.7 25.I+ 32.3 1.1 1Ô.8 10.2 37.6 20.2 1:. 3 1. 1.9 7.1+ 3.5 2.7 2.5 1.2 *5 1+.1 .6 .7 2,1+67 ! 8 8 . 5 I ! 13 6 15 5 17 l+,886 3,51+1 l+,607 1,659 i+,838 2,212 l,50l+ 1,31+2 12 +3 1,563 1,71+2 723 1,927 263 1,038 53 667 1+70 628 975 56 19,531 7a 0 + + 11 5,693 2,793 30 10 16 6 9 25 3 2 COUNTRY BANKS IN PLACES ÌTITH A POPULATION 77 35 110 55 19 + ; i,+8 +16 82.0 3,095 ! 81.7 81.2 l,3+ +0l 79.2 1,389 3,861+ : 7 3 . 9 326 16,850 ; i 79.5 29.I 36.1 2 9 . 1 i+.0 1.3 OF LESS THAN 15*000 1 1 1 2 2 2 2 2 Lebanon, N. H. National Bank of Enosburg Falls,Vt. Enosburg Falls National Bank Poultney, Vt. Poultney National Bank 10 5 ll 1,080 15+ +1 769 1+62 305 573 231 27 80 76 35 Cato, N. Y. 5 17 5 7 606 1,883 711+ 630 362 1+02 1,067 1+52 1+35 71+ 388 92 26 5+ 1 69 106 35 50 78 First National Bank Delaware National Bank Florida, N. Y. National Bank of Florida Hamden, IU Y. First National Bank Harrisvillo, N.Y. First National Bank Delhi, H. Y. k 17k 8 85k ! ! 71*6 369 ; 8 5 . 7 : ; 61+9 ! 82.6 511 1,650 605 292 89.9 82.9 79*7 81.1 8I+.5 b2.8 67.2 71+.5 66.3 56.7 63.3 69.0 1+8.1 21.1+ 1.8 3.5 12i2 20.6 12.9 lui 11+.9 16.7 ¿. 16 11.1+ 5.6 1+.9 7.9 21.5 B-1259 (Revised) CONFIDENTIAL ASSETS AND LIABILITIES OF MEMBER BANKS l/HICHj AFTER CONVERTING HALF OF THEIR BANK BALANCES INTO RESERVE BALANCES, ?;OULD HA^E TO PROVIDE ADDITIONAL RESLRVES IN ORDER TO FEET AN INCREASE IN RESERVE REQUIREMENTS TO ThICE BASIC STATUTORY REQUIREMENTS — Fage 2 (The figures of assets and liabilities are as of June JO, 19hl* but the reserve analysis was based on averages of daily figures for the week ended June 25* 19^41) F. R. Dist. City and State No. (Ccmtinued) Hermon, N. Y. Hicksville,N.Y. 2 Liberty, N. Y. 2 Remsen, N. Y. 2 barrensburg, N.Y. 2 2 Name of bank First National Bank Long Island National Bank National Bank of First National Bank Emerson National Bank 2 8 21 13 U 3 3 3 3 3 Toms River, N. J. Bakerton, Pa. Catawissa, Pa. Dauphin, Pa. Martins burg, Pa. First National Bank First National Bank Catawissa National Bank Dauphin National Bank First National Baule 3 3 Ulster, Pa. Weatherly, Pa. U U U 5 7 9 9 9 10 10 il 11 11 Additional reserves, neededi' 3 8 Total assets U¿b i,ijUU 2,878 701 1,366 5*60U 1 Ratios (per cent) U.S. Govt, Other Balances Loans and U.S.Govt, Other Bank secur- due from DeLoans L : , s securo~n securi- securi- balances posits investities ities banks to ments to ties to ties to to assets assets assets assets deposits In thousands of dollars • 1UU 2 31 37 11 11 319 1,151 2,U95 620 1,197 78.3 83.1 87.5 87.U 81.U 52.U 79.2 U7.7 19.2 65.U 12.0 .3 I7.9 UI.7 5.5 I3.9 3.7 21.9 29.O IO.5 >6 2.7 i.f 1.8 .9 292 75 203 672 218 28 25 25 98U 68 U5 28 U2 53 13 2 U U U,537 ; j U36 i 6 9 0 :! 223 ! 85.5 83.2 86.U 81.9 7U.6 56.0 29.1 78.4 62.2 U9.2 1Ü.0 41*2 3.1 9.3 9.5 I7.5 12.9 4.9 IO.3 I5.9 1.2 3.0 -3 1.8 1.8 39 6U 219 15 1+19 8U.U 75.5 33.U U6.6 7*7 9.1 U3.3 I9.8 3.6 2.1 1U9 U3 317 57 52 32 69.5 39.7 26.8 58.2 23.2 25.9 5.7 6-7 30.6 I9.I *9*5 3.5 »9 105 75 25 18 20 5 62.7 70.0 U6.8 52.5 63-7 1U.8 11.5 3U*7 15*0 lU.8 5.3 237 293 Uo 236 121 55 2.8 I5.I 9.7 U.U 8.6 3*0 2.8 1.5 377 107 25 63.0 1+8*8 77*1 9.9 17*9 7.1 590 136 20 -0908 25 U.2 29.7 2.8 6U«9 .5 6.0 2.1 8.6 2.1 5.0 1 1 912 270 261+ 3,136 151+ 715 168 130 First National Bank First National Bank 2 2 506 706 169 329 Georgetown, Ky. Masontown, Pa* Stoystown, Pa. First National Bank Second National Bank First National Bank 2 1 U 61+3 1*035 Lexington, Va. Battle Ground,Ind. Lemon, S, D. Manistique, Mich. Stephon, Minn. Rockbridgo National Bank Battio Ground State Bank First National Bank State Savings Bank First National Bank 255 277 17I+ l,2l+0 21+3 319 St. Marys, Kans. Granite,0kla« Annona, Tex. Cameron, Tex. Dodson, Tex St. Marys State Bank First National Bank First National Bank Citizens National Bank First State Bank Ik 529 299 8 1 1,978 31+7 681 808 372 2 1 3 30 1 598 283 109 6,030 192 U 3 6 51 222 l,ll+3 1,372 118 893 I42I+ 138 el+ u 516 268 17 59 53 631 1U0 2 19 122 36 8U 3 3,9iU l 12 2 30 5 6 121 6 225 : s 583 j 5U5 i 913 ! 218 I 1,702 ; 291 j 607 j 723 ! 327 iI U98 j 237 i 70 j 5,787 120 83*3 82.9 82.8 82*1 8U.3 82*5 88.1 85.1 85.5 79*8 89*9 8U. 3 70.8 15.1 13.0 .6 B-1259 (Rovised) CONFIDENTIAL ASSETS AND LIABILITIES OF KEKBER BANKS T.HICH, AFTER CONVERTING HALF OF THEIR BANK BALANCES INTO RESEEVIi BALANCES, TfiOULD iiAVii '10 HtCVIDL ADDITIONAL RESERVES IN ORDER TO MELT AN INCREASE IN RESERVE REQUIREMENTS TO TWICE BASIC STATUTORY m^JllisMkmS (The figures of assets and liabilities are as of June 30, 191+1, hut the reserve analysis was based on averages of daily figures for the week ended June 25» 191+1) F. R# Dist. Nov City and State (Continued) Dumasj Tex. Oglesby, Tex». Name of bank Additional reserves needed^/ Total assets Ratios (per c:ent ) U. S.Govt. Other Balances DosecurLoans and U.S.Govt, Other Bank Loans secur- due from ities posits invest- Loans securi- securi- balances banks ities ments to to ties to ties to to In thousands of dollars ' assets assets assets assets deposits 13 2 5b3 36k 87 38 7 26 7 56 i+ l3 2k ¿409 108 78*8 70.6 67.O 60.8 7.0 4*9 Total, 35 country banks in places with a populati n of less than 15*000 22h 36,163 17,372 5*193 7,906 773 30,91+1 Bk.3 48.0 l.-i. iS.4 21.9 2.5 Total, I4I country banks 11 11 29b 58,330 26,286 11,091 10,958 1,108 50,258 82.9 1+5.1 19.0 ir.p 2.2 6U.3 31.3 20.0 13.0 19.5 78.0 33.1+ 27.2 17.I+ 1.8 First State Bank First National Bank Average ratios for all country banks , Apr « il, . 9 - 1^11 Grand Total, b3 banks 782 99*366 33,152 27,020 17,353 1,526 86,263 4.8 k* 9 11.5 »22 .-2 B-125° •l/ After converting one-half of bank balances into reserve balances. (Revise - * Average balances due from banks, as reported for the week ended June 25, 19U1, vorc considerably below the amount shown in the June 3 0 c.il import.
