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BOARD OF GOVERNORS F E D E R A L R E S E R V E SYSTEM p f f i c e C o r r e s p o n d e n c e Chairman Eccles From D a t e Ruhjert: Kan* 26,1945 H. R. 1699 Mr> Ransom Y/hile you were out of town Mr. Henry Steagall asked that the attached s t a t i s t i c a l data be prepared f o r use in connection with any testimony we offered on the war loan deposit accounts b i l l . Not seeing just what would be proven by t h i s material, we decided to extend i t somewhat* addirg some additional information. This again does not seem to me to be of any particular value in connection 7/ith the b i l l * However, a t the Commit tee meeting on March 25, Mr. Yfolcott asked some questions that required !£r. Thompson of F.D.I.C. to read into the record the figures I sent you in a memorandum on March 25. You might add the attached to your f i l e f o r use on Monday, March 29, in case Mr. Steagall r e members to request the information that he asked us to have prepared. TYbat Mr. Steagall s p e c i f i c a l l y requested. BANK HOLDINGS OF UNITED STATES GOVERNMENT OBLIGATIONS, WAR LOAN DEPOSIT ACCOUNTS, M P EXCESS RESERVES, BY STATES, DECEMBER $ 1 , l9l|g ( I n thousands of d o l l a r s ) State Alabama Arizona Arkansas California Colorado Connecticut Delaware D i s t . of C o l . Florida Georgia Ide^-N 111. is Indiana Iowa Kansas Holdings of United S t a t e s Government o b l i g a t i o n s , d i r e c t and guaranteed, a l l banks e x c e p t F e d e r a l Reserve Banks War Loan Nonmeiriber deposit Mutual sav- accounts banks e x c l u d All ings banks of a l l ing mutual Member bankB* savings banks banks excluding 3 banks* member banks* 251,1*79 60,951 127,1*62 2,Q12t2kh 200,700 809,720 171,506 283,li*8 300,600 29U,31U 79*kk9 229,392 51,310 103,765 2,587,692 188,711 22,087 9,61*1 23,697 221^,552 11,989 315,7U3 275,776 255.3k6 252,131 ll*l*,633 32,611* 7,372 1*5,251* 1*2,183 72,029 7,1*20 132,61*8 ;5 , 7 5 0 , 7 8 9 666,791 31*8,1*01 23l*,0l*8 3,571*,350 331,378 331,536 502,086 221,206 170,597 KentuckyLouisiana Maine Maryland Massachusetts 199,099 719,236 2,1*18,937 237,626 30l*,818 99,301 1*36,871; 1,339,978 Michigan Minnesota Mississippi Missouri Montana il , 3 8 l i , 8 7 2 723,797 89,895 1,000,028 lol*,757 1,279,765 593,663 1*1*,998 883,599 95,783 176,1*39 157,751 127,195 M M mm — 3U9,31*1* 6,214* - — 6,93k — 63,1*51 — 93,752 -- 26,718 25,576 121*, 3 5 2 113,155 105,107 100,231; 1*1*, 897 116,1*29 8,971* — 71*, 222 158,010 965,8014 — 29,900 — — Excess r e serves of member banks 1*1*,968 5,iol* 6,111 188,320 9,107 18,790 5,333 13,126 103,055 33,631* 1*5,726 11,61*5 1,1*26 31*, 2 1 6 17,942 18,018 37,312 63,393 22,217 1*,283 73i*,i*l6 66,757 37,981 37,031* 101,898 1*2,330 13,653 16,295 1*6,899 53,226 5,783 77,186 313,11*0 170,661 109,629 7,770 121,580 8,973 16,268 l*,i*ol* 13,51*2 23,200 8,013 21*, 537 88,1*91 121,390 32,191 7,285 1*0,675 12,268 BANK HOLDINGS OF UNITED STATES G V R M N OBLIGATIONS, W R L A DEPOSIT ACCOUNTS, OEN E T A ON ' A D EXCESS RESERVES, BY STATES, DECEMBER $1, lgLt? (Cont'd) N ( I n thousands of d o l l a r s ) State Nebraska Nevada New Hampshire New JerseyNew Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Sou-^B^akota Holdings of United S t a t e s Government obligations, d i r e c t and guaranteed, a l l banks except Federal Reserve Banks Nonmember Mutual savbanks e x All Member cluding ings banks banks* mutual saif- excluding 3 banks ings banks*1 member banks* 207,U86 3U.555 115,062 1,313.800 U1.U61 1,023,129 i6,8U2,o66 381,9U7 55.388 1.7U5.628 193.56U 13.896.978 257,231 36.92U 1.556.278 175.955 3U6,216 3,251,003 331.662 100,961 62,002 Tennessee Texas Utah Vermont Virginia 61,525 395.830 Washington West V i r g i n i a Wisconsin Wyoming 519,828 159.982 615,131 51,898 U5.9U1.197 United S t a t e s Total 181,778 32,192 39,957 356.336 956,881 125,8U8 3U,650 326,537 2,632,292 25.708 2,363 6,688 183,511 •6,811 606,028 12U,716 18,U6U 1U5.512 17,609 18,650 213. 85.70U 51,527 3Ul,792 UU.638 15.257 10,675 318,U6O 1U,366 17.6UU 55.977 68.U17 107,160 — 2,339,060 — — mm U3,838 — 1,029 276,919 37.876 lll,U82 23,U55 339,853 — 880,0U5 73,330 76,836 20,U26 Ul.396 U67.5U6 28,309 2U.568 30,620 1U7.U95 3.589 37.5U6,I89 3,832,865 U.562.1U3 U53.86U 129,362: 90 War Loan deposit accounts of a l l banks Excess r e serves of member banks 22,923 109 3.562 165.170 5.527 1U.3U9 1,187 U.835 57.177 U.76U U,62U.690 31,796 8,685 137,2U5 U32.629 lU.539 31.869 1,210 86,930 20,931 27.02U 392.587 30,3U7 9.93U 9.527 17,559 197.165 11.713 U,129 U,735 80,7lU 183,2U7 9,83U 881 U2,81U 18,218 131,6U1 12.3UU 2,389 U2,77U 31,021 22,U25 39,808 i,iU3 15,772 2U,020 5,168 8,l65,U75 1,936,093 16,307 •For a few S t a t e s , the figures in these columns are p a r t l y estimated. Extension of the information requested. that Mr. Steagall UNITED STATES GOVERNMENT OBLIGATIONS, CASH ASSETS, TOTAL ASSETS, TOTAL DEPOSITS, AND VtAR LOAN DEPOSITS OF ALL B A M S , M P EXCESS RESERVES OF MEMBER BANKS, BY STATES, DECEMBER J l , ( I n thousands o f Alabama Arizona Arkansas California Colorado 229,392 22,087 9,6l»l 23,697 251,479 60,951 127,1j62 2,812,2/4; 200,700 103,765 2,587,692 809,720 171,506 283,11$ 300,600 29U.31k 315,743 132,648 275,776 255,3h6 252,131 1^,633 32,61b 72,029 7,1*20 176,439 Connecticut Delaware D i s t . of C o l . Florida Georgia 51,310 188,711 Idaho Illinois Indiana Iowa Kansas 3.750,789 666,791 348,1+01 234,048 3,57^,350 Kentucky 331,378 237,626 331,536 199,099 719,236 2,1+18,937 304,818 99,301 436,874 1,339,978 Louisiana Maine Maryland Mas s a c h u s e t t s dollars) Holdings o f United S t a t e s Government o b l i g a t i o n s , d i r e c t and g u a r a n t e e d , a l l "banks e x c e p t F e d e r a l R e s e r v e Bank3 Nonmember Mutual s a v banks e x i n g s banks Member All cluding banks* mutual s a v - e x c l u d i n g 3 banks i n g s b a n k s * member banks* State 79 M9 502,086 221,206 170,597 22k,552 11,989 U5.25h 1+2,183 157,751 127,195 63,1+51 93,752 26,718 25,576 124,352 113,155 — — — — — 3h9>3hk 6,21^ 19U2 Cash assets** of a l l banks* 281,676 64,627 202,276 Total assets of a l l banks* 71+9,694 180,763 437,ioo 1,801,666 263,750 7,279,230 386,860 2,018,609 398,131 657,455 604,935 Total deposits of a l l banks* 694,247 172,689 407,335 6,746,435 564,096 1,813,149 347,486 __ 6,95^ — - 74,222 158,010 965,804 819,013 1,011,655 933,690 72,260 2,209,330 573,259 428,886 327,658 202,993 7,877,650 1,703,916 1,220,768 848,209 7,371,943 1,579,739 1,137,111+ 785,1+72 328,684 M W 78,895 211,594 32^,577 390,163 927,647 840,489 364,337 100,835 356,992 1,000,269 477,266 1,1|j08,892 5,786,311 960,900 604,296 761,052 189,163 900,378 1+22,254 1,292,755 5,208,371 War Loan deposit accounts of a l l banks 14+,968 5,104 6,111 188,320 9,107 45,726 3i+,2l6 18,018 37,312 63,393 4,283 734,416 E x c e s s re* serves of member banks 18,790 5,333 13,126 103,055 33,634 11,645 1,426 17,942 16,268 22,217 4,4o4 66,757 37,981 37,031+ 101,898 42,330 13,653 16,295 46,899 53,226 5,783 77,186 318,140 13,5U2 23,200 8,013 24,537 88,491 UNITED STATES G V R M N OBLIGATIONS. CASH ASSETS. TOTAL ASSETS. TOTAL DEPOSITS* AMD Y L L A DEPOSITS OF ALL BANKS, OEN E T OR O N A D EXCESS RESERVES OF M M E BANKS. BY STATES. DECEMBER 51. 19hZ (CONT'D) N E BR (in thousands of dollars) Holdings of United States Government obligations, d i r e c t and guaranteed, a l l banks except Federal Reserve Banks Nonmember banks ex- Mutual savings banks Member All cluding banks* batiks mutual sav- excluding 3 ings banks* member banks* State Michigan Minnesota Mississippi Mis souri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota 1,384,872 723,797 89,895 1,000,028 104,757 1,279,765 593,663 1)4,998 883,599 95,783 207,486 181,778 32,192 39,957 1,023,129 34,650 34,555 115,062 1,313,800 4i,46i 16,842,066 381,947 55,388 1,745,628 193,564 346,216 3,251,005 331,662 100,961 62,002 13,896,978 257,231 36,924 1,556,278 175,955 326,537 2,632,292 213,694 85,704 51,327 105,107 100,234 1)4,897 116,429 8,974 29,900 — — - - 25,708 2,363 6,688 183,511 6,811 — 68,417 107,160 — 606,028 124,716 2,339,o6o 145,512 17,609 43,838 18,650 341,792 1)4,638 15,257 1,029 276,919 18,464 10,675 — — — 73,330 — Cash assets** of a l l banks* Total assets of all banks* i i- 1,016,410 522,202 135,205 904,550 103.419 251,577 29,313 56,498 682,060 62,045 Total deposits of all banks* War Loan deposit accounts of all banks Excess reserves of member banks 3,179,573 1,768,927 4 l 8,985 2,682,004 279,284 682,653 85,347 395,363 3,128,981 132.970 2,990,053 1,658,915 388,905 2,497,590 7,770 121,580 8,973 636,331 80,219 22,925 261,695 353,778 2,845,960 126,360 7,203,51)4 374,622 58,239 1,243,374 317,517 34,746,460 1,057,618 196,691 4,383,752 31,561,959 213,579 1,975,649 126,026 147,474 69,139 708.971 8,110,159 674,048 7,137,203 664,635 320,894 192,703 781,204 7/42,900 3^,607 207,740 170,661 109,629 966,683 184,143 4,036,745 713,445 121,390 32,191 7,285 40,675 12,268 5,527 14,349 1,187 4,835 57,177 4,764 4,624,690 31,796 432,629 14,539 137,245 31,869 86.930 20.931 27,024 392,587 30,347 9,934 9,527 17,559 197,165 11,713 4,129 4,735 109 3,562 165,170 8,685 1,210 UNITED STATES G V R M N OBLIGATIONS, CASH ASSETS, TOTAL ASSETS, TOTAL DEPOSITS, AND WAR L A DEPOSITS OF ALL OEN E T ON A D EXCESS RESERVES OF M M E BANKS, BY STATES, DECEMBER 31, 19U2 (CONT'D) N E BR (in thousands of dollars) Holdings of United States Government obligations, direct and guaranteed, all banks except Federal Reserve Banks Nonmembsr banks ex- Mutual savings banks Member All cluding banks banks* mutual sav- excluding 3 ings banks* member banks* State 356,336 318,460 880,045 111,482 23,455 339,853 37,876 76,836 14,366 17 M 55,977 519,828 159,982 615,131 31,898 453,864 129,362 467,546 24,568 28,309 45,941,197 37,546,189 Tennessee Texas Utah Vermont Virginia 956,881 125,848 61,525 395,830 Washington West Virginia Wisconsin Wyoming United States Total Cash assets** of all banks* 434,887 — mm War Loan deposit accounts of all banks Excess reserves of member banks 1,094,561 2,907,065 315,349 207,670 1,076,716 80,714 183,247 9,834 881 42,814 13,218 131,641 1,235.044 493,266 1,492,274 1,166,378 110,919 31,021 22,425 39,808 1,143 16,307 15,772 24,020 5,168 28,710,266 108,974,607 99,814,672 8,165,475 1,936,093 35,808 388,968 4i,396 356,534 147,495 3,589 90 477,708 59,464 3,832,865 4,562,143 30,620 Total deposits of all banks* 1,172,894 3,125,349 337,320 235,881 1,178,527 1,3144,814 127,949 20,1(26 Total assets of all banks* BANKS, 173,100 120,726 44o,i64 1,450,933 12,344 2,389 42,774 • J 6 * ** For a few States, the figures in these columns are partly estimated* Cash assets comprise cash in vault, member bank reserve balances v/ith Federal Reserve Banks, balances vrith other banks, and cash items in process of collection*
