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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FOR THE BIWEEKLY PERIOD ENDED MARCH 22, 196l , I (Averages of dally figures^/. In millions of dollars) April 11,1961 Demand Reserves Borrow| Gross demand deposits jClass of hank Net demand balances Time With Currency ings at and deposits 2/ deposits due from Interu. s. F. R. and coin Required Excess F. R. -ipotal Other F. R. District Govt. banks dom.bks. Banks total 104,584 102,755 All member hanks 122,430 13,912 6,926 16,508 61,369 3,934 2,383 3/l8,320 3/570 50 Cent. res.city hks.: 24,541 4,485 20,235 3,630 New York 743 19,313 3,491 34 5,830 173 97 1,180 209 4,568 940 Chicago 5,160 94 30 1,776 913 5,957 3 -- J.l —-- i Reserve city hanks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 47,605 2,322 1,048 3,029 5,553 3,212 3,504 4,408 2,563 1,259 3,439 3,896 13,372 6,799 331 45 482 548 449 775 584 718 335 845 1,030 657 1,473 58 4l 94 202 104 96 205 76 4o 92 79 386 39,332 1,933 962 2,453 4,803 2,659 2,633 3,619 1,769 885 2,502 2,787 12,329 39,518 2,039 913 2,516 4,827 2,693 2,738 3,678 2,091 1,006 2,732 2,988 11,295 23,796 278 666 763 2,972 951 1,021 2,423 601 296 747 1,378 11,698 2,089 27 32 io4 188 158 261 179 136 35 263 434 271 7,039 334 159 409 848 424 460 646 349 173 461 531 2,246 - 734 19 26 46 106 71 50 85 29 10 34 39 220 7,710 350 184 453 945 492 503 728 375 181 488 562 2,449 62 2 1 2 9 3 7 3 3 2 7 7 17 19 3 1 6 8 — 1,446 Country banks 5,064 44.326 1,447 4,645 6,039 471 31 1,509 41,370 37,842 29,967 444 120 20 Boston 144 344 207 138 l|506 3,074 3 3,554 3,271 4 1,04l New York 229 6,146 45 6,894 129 6,506 6,117 857 259 372 4 Philadelphia 123 435 25 2,466 276 27 115 2,853 2,711 2,774 337 468 Cleveland 1 49 380 3,166 27 136 137 3,003 2,774 319 2,745 106 Richmond 118 342 2,609 271 302 89 2,403 2,187 3 1,587 35 6 140 Atlanta 4l6 514 43 4,187 294 103 3,482 1,916 547 3,790 Chicago 892 1,053 7,180 143 256 6,168 233 6,780 5 73 6,259 759 St. Louis 66 286 1 86 250 31 2,080 2,231 65 289 1,896 1,163 46 Minneapolis 261 22 1 202 61 1,400 1,852 76 1,715 1,595 m z 68 4l 1 Kansas City 44o 132 107 347 3,145 2,643 375 2,907 1,156 Dallas 447 421 71 252 711 3,980 1,321 97 3,653 3,171 75 San Francisco 81 46 17 1 222 310 374 2,675 2,552 2,299 1,963 77 NOTE: The computation of demand deposits adjusted of all member banks, previously shorn on this release, has "been superseded "by a new concept for the demand deposit component of money supply, which is shown on the J.3 release, "Demand Deposits, Currency, and Related Items." For numbered footnotes see next page. J.la DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER B A M S — Continued (Averages of daily figures. In millions of dollars) Federal Reserve District Demand deposits except interbank Time deposits and U. S. Government Mar. 9-22, Feb. 23- Mar .10-23, Mar. 9-22, Feb. 23- Mar .10-23, Mar.8,1961 I960 1961 Mar.8,196l I960 1961 Country banks in places with population of 15,000 and over l/ 2/ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 29,497 29,088 28,871 20,566 1/20,208 18,418 2,960 5,422 1,680 1,919 1,559 3,012 5,027 1,084 895 1,327 2,280 2,331 2,942 5,442 1,663 1,898 1,529 2,961 4,792 1,086 892 1,328 2,259 2,298 2,827 5,281 1,634 1,955 1,690 3,056 4,744 1,066 856 1,281 2,233 2,248 1,224 4,680 1,381 1,576 830 1,447 4,827 629 661 569 986 1,755 1,214 4,678 1,371 1,569 822 1,438 4,536 628 658 ,564 1/983 1,746 1,120 4,317 1,200 1,467 828 1,290 4,163 575 617 491 792 1,558 Country banks in places with poimlation of less than 15,000 2/ Total 11,874 11,953 11,941 9,401 2/9,366 8,821 Boston 281 311 276 283 335 333 1,085 New York 1,466 1,116 1,458 1,409 1,099 Philadelphia 1,031 1,324 1,029 1,083 1,387 1,393 1,084 Cleveland 1,082 1,104 1,122 1,196 1,198 844 Richmond 845 876 760 747 757 Atlanta 424 778 764 469 465 770 Chicago 1,753 1,427 1,767 1,747 1,433 1,332 St. Louis 1,002 1,014 996 491 530 533 820 Minneapolis 820 808 706 739 737 1,580 Kansas City 1,500 ,584 511 587 1,597 Dallas 284 1,373 1,385 1,375 335 1/333 220 San Francisco 220 208 208 221 195 xy Revised. 1/ 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. 2/ Classification by population is based on the i960 census; comparative figures for i960, previously reported on the basis of the 1950 census, have been revised. Footnotes for preceding page (J.l): 1/ 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/ Revised weekly figures compared with those given in published weekly statements: Mar. Mar. Mar. Apr. 15 22 , 29Sf 52/ Cash allowable as reserves Required reserves Excess reserves Free reserves 2,390 2,377 2,449 2,309 18,192 18,448 18,192 18,142 635 506 599 536 586 454 521 429 Digitizedg/forPreliminary. FRASER * \ J -lb DEPOSITS, RESERVES, AND 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.) Country banks in Demand deposits except interbank Time deposits places with a popand U. S. Government ulation of less Mar. 9-22, Feb. 23- Mar.10-23, Mar. 9-22, Feb. 23- Mar.10-23, than 15,000 2/ 1961 |Mar.8,19611 I960 1961 |Mar.8,196l| I960 Total 11,952.8 11,941.2 9,401.1 r/9,365.7 8,620.1 11,873.7 Total, all States 11,946.2 11,933.7 11,867.1 5 r/9,353.0 6,51577 ft-3w England 276.0 281.4 335.1 310.9 282.6 333.5 Maine * 50.1 75-8 71.5 45.3 57.9 71.8 New Hampshire 34.2 38.1 55.2 52.3 52.4 38.1 Vermont 48.0 52.1 94.2 98.2 45.3 97.9 Massachusetts 1*10.6 143.1 50.6 48.3 135.7 51.1 Bhode Island Connecticut * 34.6 34.7 32.2 23.3 23.5 23.4 Middle Atlantic 2,380.4 2,467.3 3,051.0 2.363.0 3,179.6 3,193.1 New York 926.0 725.2 891a 737.3 713.1 931.7 New Jersey 661.8 655.8 822.0 658.8 773.1 826.7 Pennsylvania 1,074.2 1,434.7 1,431.6 1,386.8 993.4 591-1 E. North Central 2,670.0 2,647.0 2.484.4 2,660.6 2,476.2 2,315.0 Ohio 672.4 674.3 711.8 757.6 679.4 760.3 Indiana 468.9 454.2 462.9 330.3 331.9 9 " ! Illinois 960.8 616.4 947.4 567.8 950-0 618.9 Michigan 329.0 452.7 484.1 483-3 327.9 325.9 Wisconsin 288.6 242.4 238.9 243.2 279.1 289.2 W. North Central 1,904.0 1,949.9 941.3 1.004.5 999.2 .1,933-0 Minnesota 340.0 305.4 295.6 307.8 341.1 329.3 Iowa 314.7 142.5 145.9 317.7 146.6 312.7 Missouri * 162.1 339.6 150.3 355.5 336.9 163.8 North Dakota 78.6 79-0 79.0 50.3 51.5 51-5 South Dakota 124.3 121.0 64.6 123.8 69.I 69.3 Nebraska 66.6 317.4 301.9 311.1 75-1 76.0 Kansas 469.9 461.7 433.3 155.5 137.7 156.2 South Atlantic 1,243.3 1,271.2 1.250.0 943.6 979.6 979.6 Delaware 378^ XT 4.4 3.8 3-9 3.9 Maryland * 91.4 118.9 92.9 149-9 135-9 119.0 Virginia 386.3 385.4 419-4 394.8 369.5 415.2 West Virginia 180.8 182.2 181.5 123.4 135.4 135.9 North Carolina 96.8 47.8 54.8 99-8 97.9 55.3 South Carolina 101.0 101.5 101.3 39.2 39.5 Georgia 88.6 89.6 92.0 64.8 54 ."l 65.2 Florida 286.4 293.1 132.0 299-1 142-7 145.1 E. South Central 613.8 610.8 612.1 344.1 318.8 345-9 Kentucky 244.2 246.6 241.5 97.8 97.3 3-2 Tennessee 164.6 162.6 163.9 141.2 131.8 142.0 Alabama 149.7 146.9 82.8 149.9 76.3 83.2 Mississippi 56.0 56.1 20.8 22.8 54.7 22.9 W. South Central 1,884.2 1,907.4 1.895.2 483.8 562.4 558.2 Arkansas 157.3 158.5 69.4 80.4 155.3 79-2 Louisiana 104.6 107.1 105.2 47.0 51.0 51.3 Oklahoma 393.7 393.4 151.5 379.9 134.3 152.5 Texas 1,251.8 1,238.1 1,241.9 278.2 233.1 ,276.5 Mountain 684.7 688.9 657.5 346.3 390.2 1/369.5 Montana 190.1 187.2 190.6 107.1 117.1 117.5 Idaho 27.8 27.8 27.5 17.8 17.6 17.6 Wyoming 104.6 104.6 107.5 57.8 52.5 57.9 Colorado 240.6 215.1 241.5 112.9 113.4 92.3 New Mexico 88.7 87.5 85.7 34.4 39-4 r/39.5 Arizona 4.3 4.0 5.5 5.3 4-3 Utah 27.0 27.3 36.3 36.3 34.5 Nevada %:l 2.6 2.4 ,3.8 3-9 Pacific 157.6 157.4 158.2 145.8 145 .'2 134.9 Washington 50.3 50.9 19T9" 45.0 43.6 4pOregon * 24.7 24.3 29.3 20.0 18.9 18.9 California 51.4 51.6 50.5 54.0 54.3 49.9 Alaska 31.0 30.8 28.5 21.4 27.3 27.5 Virgin Islands 6.8 6.9 , 12.6 7.7 12.7 9.4 r/ Revised.
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