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I0lll J.l Class of bank and Federal Reserve District BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM October 6, 1959 DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FIRST HALF OF SEPTEMBER 1959 (Averages of daily figures^/• In millions of dollars) Borrowings Demand Reserves with F.R.Ba-nks at Federal Cash Gross demand deposits Time balances due Net demand deposits 2/ deposits from domestic Total Required Excess Reserve U. S. vault Interbank Govt. Banks banks 2,130 18,583 3/18,121 3/462 1,040 6,657 54,582 103,608 121,709 13,255 \l63 104,292' All member banks Central reserve city banks: 129 193 3,860 6 3,866 70 4,834 20,103 18,412 4,092 904 New York 23,408 60 29 1,018 1,013 5 104 1,456 5,222 216 4,592 Chicago 1,172 5,981 683 525 7,763 43 7,806 2,042 40,402 21,932 6,621 1,598 48,203 39,! Reserve city banks 41 2& 350 2i£T 351 2,056 1,913 Boston 70 2,316 334 2 26 194 194 64o 32 982 1,034 4l 46 1,121 New York 48 36 -1 447 446 101 2,401 2,544 112 537 486 Philadelphia 2,999 2 78 964 966 176 2,679 5,032 232 4,959 Cleveland 551 5,742 448 1 27 449 115 2,485 2,424 765 Richmond 455 2,958 79 81 6 491 496 244 892 2,600 2,705 Atlanta 83 3,410 727 104 80 914 918 214 3 3,109 244 Chicago 4,590 558 26 121 353 356 3 502 1,98b St. Louis 1,675 2,424 670 79 10 2 1 181 181 40 266 1,014 860 56 Minneapolis 1,274 359 62 8 33 483 475 274 2,686 636 2,451 98 836 Kansas City 3,385 36 4 548 29 401 552 1,092 2,992 2,734 940 154 Dallas 3,829 11 193 15 2,413 2,398 298 10,598 11,319 12,344 346 San Francisco 663 13,353 1,2 262 5,485 4,440 5,893 26,361 37,881 41,303 1,370 1,444 44,117 Country banks 113 416 19 435 209 1,414 142 3,13a Boston 134 3,610 208 ' II 966 51 1,017 380 5,742 6,170 6,574 New York 130 235 6,939 112 11 411 29 439 287 2,492 2,600 2,837 134 25 Philadelphia 2,996 122 10 46 451 497 2,548 329 2,939 3,219 131 25 Cleveland 3,375 104 341 9 372 1,571 337 2,385 2,636 102 Richmond 131 2,869 117 46l 43 34 481 495 1,679 3,428 Atlanta 111 262 3,695 4,068 850 71 921 696 4,741 6,111 211 Chicago 144 6,466 27 % 6 20 267 287 1,064 269 1,944 2,144 St. Louis 58 56 2,258 43 13 245 19 265 213 1,321 1,631 1,757 67 1,902 78 Minneapolis 60 16 31 336 412 367 2,608 986 2,864 129 94 3,086 Kansas City 24 90 40 4o4 444 619 1,026 3,205 208 3,635 78 Dallas 3,922 6 70 15 338 209 353 2,263_ 1,777 2,4g6_ 82 47 2,625 San Francisco NOTE: Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash items reported as in process of collection) of all member banks amounted to $92,847 million. " For numbered footnotes see next page. i J .la DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BAMS — Continued (Averages of daily figures. In millions of dollars) Federal Reserve District Demand deposits except interbank Time deposits | <ai< 1st half 2nd half 1st half Sept. 1959IAug. 1959 ISept. 1958 Sept. 1959 Aug. 1959 I Sept.1958 Country banks in places with population of 15,000 and over l/ Total 28,241 2/27,956 26,830 16,480 £/I6,453 15,660 3,043 5,168 1,777 2,062 1,709 2,730 4,136 1,078 897 1,248 2,l6l 2,232 1/3,050 2,912 4,922 1,119 3,861 1,208 1,399 792 1,094 3,216 545 r/l,U6 3,860 1,205 i,4oo 787 1,095 3,208 549 587 451 698 1,497 1,077 3,700 1,134 1,328 775 1,068 3,l4l 542 552 419 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 2,042 1,678 2,689 4,077 1,068 885 1,239 2,143 2,177 1,690 1,987 1,662 2,547 3,995 1,056 871 1,195 2,108 1,883 454 702 1,499 1,255 Country banks in places with population of less than 15,000 Total 14,505 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 433 1,641 1,195 1,288 1,029 1,076 2,185 1,122 927 1,710 1,552 347 -/l4, ~/421 1,6l6 1,168 1,257 983 1,055 2,150 1,100 908 1,680 1,520 333 14,044 9,880 r/(9,873 9,299 416 1,566 1,158 1,256 987 994 2,162 1,097 896 l,66l 1,533 318 295 1,880 1,285 1,148 779 585 1,525 519 730 532 324 278 1/295 1,877 1,283 1,145 780 584 1,525 522 731 529 326 276 287 1,809 1,234 1,087 727 527 1,443 492 68 6 470 278 260 l/ Includes any banks in outlying sections of reserve cities which have been given permission to carry the same reserves as country banks; also includes member banks in Hawaii. 1/ Revised. Footnotes for preceding page (J.l): l/ Averages of daily closing figures for reserves end 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/ Revised weekly figures compared with those given in published weekly statements: Sept. Jz/ 23$/ 302/ 5/ Preliminary Required reserves Excess reserves Free reserves 18,165 18,082 18,164 18,258 18,140 401 558 489 561 254 -564 -499 -570 -298 -467 J-lb DEPOSITS, RESERVES, Aim BORROWINGS OF MEMBER BANKS — Continued (Averages of daily figures] in millions of dollars. Comparability of figures is affected somewhat "by changes in Federal Reserve membership, absorptions, etc., particularly in States or other areas designated by an asterisk.) Demand deposits except interbank Time deposits 1st half r2nd half 1st half 1st half 2nd half 1st half Sept. 19591Aug. 1959 ISept. 1958 Sept. 19591Aug. 1959 ISept. 1958 Country b; :s in places with a population of .less than 15,000 Total 105.2 1/14,191.5 14,54570" 9,880.4 1/ 9,873.5 97299.0 Total, all States H I .8 .1/14 ,,184.1 14,039.0 9,871.9 z/9%55577 9,292.3 Key England 433.3 ih&r. 423.4 294.0 1/294.5 293.8 Maine 81.8 78.5 74-4 81.5 73.5 77.9 New Hampshire 78.5 76.4 34.8 32.2 34.7 Vermont . 68.1 104.0 100.4 70.2 104.0 Massachusetts* I/165.2 48.6 163.7 167.4 51.3 51.0 Rhode Island Connecticut* ^37.6 38.7 50.3 z/23.0 23.2 34.7 Middle Atlantic 3A24.3 3,067.0 3,467.6 2,990.5 3,463.0 3,313.2 New York 1.184.2 1,169.2 1.105.4 1,320.9 1,257.4 1,319.6 New Jersey* 770.6 793.6 815.6 773-4 819.3 773-9 Pennsylvania 1,124.4 1.114.5 1,281.9 1,146.5 1,327.8 1,327.4 E. North Central 3,221.2 3,219.9 2,422.9 2,550.1 3.283.3 2,551.0 Ohio 812.6 835.0 "55379 716.1 752.1 755-5 Indiana 503.8 302.2 496.8 502.1 291.0 302.3 1,266.1 Illinois 704.9 1,239.0 1,251.4 663.6 705.4 384.6 Michigan 480.3 382.6 482.9 370.6 458.6 Wisconsin 293.8 308.1 287.6 284.5 307.4 293.6 W. North Central 2,167.1 2,131.0 1,000.6 2,135.8 1,002.4 929.3 Minnesota 352.7 337V? " 345.9 348.7 347.1 329.3 Iowa 351.2 156.6 361.3 345.3 146.5 156.3 Missouri 380.5 156.8 158.4 373.8 379-8 150.7 104.1 North Dakota• 57-0 96.4 99.2 50.7 57-0 134.8 South Dakota 63.4 131.8 66.5 133.9 59-0 Nebraska 342.2 67.6 334.0 338.2 67.2 59.3 Kansas 501.6 498.9 ' 490.5 150.5 149.9 133.8 South Atlantic 1,603.7 1,068.3 1,527.2 1,547.0 1,069.0 998.7 Delaware* 16.3 14.1 3 ^ 3-7 3.7 ~W 176.7 Maryland 158.4 183.4 169.9 158.1 151.6 416.8 418.6 Virginia 4o4.6 394.4 417.2 386.3 202.1 120.1 West Virginia 195.8 197.5 107.3 North Carolina 144.5 H:§ 134.1 132.2 60.2 59.4 South Carolina 109.6 100.1 99-2 33.3 32.9 31-5 Georgia 122.8 119.8 59-8 119.5 59.7 53.3 427.4 Florida 214.9 420.2 214.9 194.4 383.5 711.3 366.8 E. South Central 672.3 366.2 695.5 334.0 Kentucky 266.8 2S0TB 100.4 25477 100.3 93.5 Tennessee 192.5 187.I 144.4 144.1 178.5 132.6 Alabama 172.2 182.4 82.2 177.5 92.3 92.4 Mississippi 70.1 66.9 29.5 69.6 25.7 29.6 W. South Central 2,074.9 2,074.0 2,117.5 469.4 543.1 542.2 Arkansas 66.4 155.1 IqJT 151.7 66.1 150.3 Louisiana 174.3 171.2 159.4 83.7 83.6 74.5 Oklahoma 124.8 381.9 124.2 106.8 389.7 375.5 Texas 1,388.8 1,370.1 2:0,7 1,398.4 269.2 267.3 Mountain 756.0 776.1 360,8 738.5 362.8 Montana 201.0 196.0 196.3 ioi?d 101.7 Idaho 28.7 17.4 27.2 16.2 27.5 17.1 110.6 Wyoming 50.4 108.0 109.4 50.2 43.4 281.4 108.6 Colorado 272.9 261.7 107.8 99.3 New Mexico 118.5 42,3 115.8 111.0 42.2 35.6 Arizona 5.6 4.0 4.6 4.0 4.9 3.8 Utah 26.8 26.9 27.7 3'+.6 34.5 Nevada 2.6 2.4 3.1 ^ 2 3.9 3.9 Pacific 282.2 217-8 256.1 271.1 216.6 Washington* 61.8 "56.1" 64.3 57.1 59.5 ^5^9 Oregon* 22.4 42.9 39.6 22.0 21.0 37.3 California* 144.7 145.4 128.8 138.5 128.3 133.7 Alaska* 4.0 20.4 35.8 36.1 . 20,5 Virgi n Islands 7.0 8.1 2:1 A.2 7-2 vj Revised. 8:1 vf