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B O A R D OF G O V E R N O R S OF T H E F E D E R A L R E S E R V E S Y S T E M J.l , Class of hank and Federal Reserve District All member hanks Central reserve city hanks: New York Chicago Reserve city hanks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco DEPOSITS, RESERVES, AND BORROWINGS OF M E M B E R B A N K S , F I R S T HALF (Averages of dally figures!/. Gross demand deposits OF M A R C H 1 9 5 9 April 119,792 12,958 U. S. Govt. 2,817 23,838 6,115 4,086 1,147 654 156 19,099 4,813 20,472 5,332 5,252 1,432 73 106 3,933 1,033 3,948 1,031 -15 2 3; 57 128 28 ^7,233 2,298 1,122 3,004 5,663 2,853 3>57 5,338 2,476 1,210 3,424 3,848 12,541 6,381 321 4l 451 523 405 753 518 681 310 806 935 639 1,046 48 28 65 159 49 47 177 51 29 65 78 252 39,8C6 1,929 1,053 2,488 4,981 2,399 2,658 4,643 1,744 872 2,553 2,835 11,650 39,601 2,046 980 2,546 4,922 2,400 2,724 4,512 2,037 955 2,744 3,003 10,733 21,717 243 645 534 2,679 756 870 3,028 490 269 605 1,123 10,475 2,075 23 34 105 172 118 263 225 122 45 271 405 292 7,664 350 194 448 954 438 497 897 363 175 491 558 2,299 7,620 350 194 447 946 434 493 896 361 171 483 552 2,295 44 320 • 15 13 14 30 25. 40 47 14 9 53 13 45 628 17 23 35 95 54 41 96 24 9 30 34 168 Total Interbank Other 104,017 1 8 4 4 1 2 4 8 7 4 Country hanks 4.131 40.300 36.811 25.433 5,709 961 5.321 388 42,605 1.344 Boston 4l4 4o4 1,367 151 10 3,444 87 3,051 130 3,227 New York 182 6,300 40 5,881 5,568 6,6ll 356 129 965 925 Philadelphia 2,400 244 80 412 22 2,451 2,691 25 390 2,795 Cleveland 2,468 88 300 44 2,809 476 432 3,098 3,210 25 Richmond 66 1,522 361 121 2,330 297 29 2,572 332 2,759 Atlanta 1,629 490 492 4,030 69 3,687 454 36 274 3,387 640 64 Chicago 4,663 896 l4l 832 6,278 132 6,005 5,446 St. Louis 1,044 269 60 42 2,l4l 290 265 25 2,243 1,931 Minneapolis 68 40 20 1,622 263 1,283 243 1,744 1,852 177 Kansas City 80 2,612 2,858 930 391 372 334• 38 3,063 125 ' 48 1,008 630 Dallas 409 210 3,264 457 3,986 3,723 53 186 2,026 300> 13 San Francisco 38 2,252 1,550 3131 43 2,333 NOTE: Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash Items reported as collection) of all member hanks amounted to $92,825 million. For numbered footnotes see next page. 3, 1 9 5 9 ID millions of dollars) Borrowings Demand Cash balances due Reserves with F.R.Banks at Federal Net demand Time in Reserve deposits 2/ deposits from domestic vault Total Required Excess Banks 2,058 6,385 102,217 53,834 18,339 3/17,920 420 576 • 5 198 1,274 102 37 26 197 18 103 118 14 23 v 95 114 22 253 17 6 56 40 7 20 55 86 5 54 1 in process of J. la DEPOSITS. RESERVES. AND BORROWINGS OF MEMBER BANKS -- Continued (Averages of daily figures. Federal Reserve District In millions of dollars) Time deposits Demand deposits except Interbank. 1st half 2nd half 1st half 1st half 2nd half 1st half Mar. 1959 I Feb. 1959 IMar. 1958 Mar. 1959 I Feb. 1959 IMar. 1958 Country Taonks in places with population of 15,000 and over l/ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 27,112 27,416 26,059 15,904 15,829 l4,44l 2,932 4,966 1,682 2,983 5,078 1,702 1,934 1,670 2,676 4,029 1,064 891 1,227 2,180 1,982 2,831 4,705 1,568 1,912 1,613 2,788 3,818 998 824 1,139 2,084 1,780 1,077 3,759 1,165 1,342 770 1,073 3,183 537 1,073 3,724 1,150 1,338 771 1,067 3,169 537 585 435 692 1,286 1,001 3,325 1,047 1,272 708 1,038 2,912 505 514 380 591 1,148 !;2S 2,684 3,973 1,059 873 1,220 2,158 1,993 F 695 1,296 Country banks in places with population of less than 15,000 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago v St. Louis Minneapolis Kansas City Dallas San Francisco 14,149 14,181 381 1,517 1,089 1,258 996 383 1,564 1,093 1,244 989 1,059 2,167 1,122 911 1,124 911 1,718 1,618 303 1,722 1,625 303 13,389 9,529 9,526 8,704 363 290 1,810 1,235 1,126 752 557 1,479 507 710 497 313 254 289 1,816 1,239 1,122 753 558 1,476 505 710 490 310 259 245 1,653 1,184 1,044 698 494 1,360 455 645 435 249 242 1,459 1,107 1,223 983 2,045 l 'S8 1,545 1,518 289 1/ Includes any banks in outlying sections of reserve cities which have been given permission to carry the same reserves as country banks. 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. 2/ Revised weekly figures compared with those given in published weekly statements: Required Excess Free reserves reserves reserves - 462/ 25 410 17,979 4 4l8 17,957 -111 17,868 -150 553 ise/ 18,046 394 -132 18,088 25B/ 469 -130 |j Preliminary c/ Correction J. lb DEPOSITS, RESERVES. AND BPftKOWlifoS OF MEi&ZB 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 territories designated by an asterisk.) Demand deposits except interbank Time deposits 1st half 2nd half 1st half 1st half 2nd half 1st half Mar. 1959 I Feb. 1959 IMar. 1958 Mar. 1959 Feb. 1959 Mar. 1958 Country banks in places with a population of less than 15>000 Total, incl.Alaska "Virgin Islands 14.148.8 11^181.5 13,388.7 8,703.7 _2i529,3 9,525. Total, all States 9.517,° 9,514.0 13,380.1 8,693.4 14.118.6 New England 3BC9 373.2 253.8 293.2 293. i J 8 I A _ Maine SHE 71.2 78.6 ~5379~ 64.7 78.8 New Hampshire 60.1 32.6 63.9 29.6 64.1 32.4 Vermont* 101.7 59.9 57.7 102.0 71.3 60.7 Massachusetts 154.1 144.3 44.6 47.8 151.1 47.9 Rhode Island* .6 1.7 Connecticut* 45.1 48.7 44.8 32.5 35.4 32.7 Middle Atlantic 2.867.6 . 2^91715_ 2,820.7 3,342. 3,093.5 3,334.0 New York 1,122.9 1.141.8 1,03573 1.090.3 1,261.9 1,259.9 New Jersey 728.4 685.O 788.1 713-1 705.8 780.9 Pennsylvania 1,066.2 1,101.4 1,064.2 1,294.8 1,291.2 1.245.9 E. North Central 3,160.4 3.169.4 3,034.4 2,301.9 2.483,3 2,477.1 Ohio 785.4 797.9 772.9 733.5 734.9 Indiana 482.1 501.0 503.7 297.4 283.2 298.3 Illinois 1,216.0 1,212.4 1,145.7 682.0 624.0 679.3 Michigan 366.8 356.6 370.7 430.6 469.0 467.5 Wisconsin 284.6 291.3 277.1 299-4 299.1 275.2 W. North Central 2,208.e 2,214.6 2,006.1 960.3 957.6 858.5 Minnesota 336.2 332.5 338.2 313.7 310T& 337% Iowa 376.1 376.6 150.8 346.9 151.3 137.0 Missouri 396.7 367.0 149,2 399.2 149.9 129.3 North Dakota 103.1 103.0 54.6 92.3 55.0 47.7 South Dakota 138.3 118.6 139.4 63.9 63.7 53.8 Nebraska 62.2 62.8 354.5 320.5 355.5 55.0 Kansas 508.4 503.9 447.1 138.9 139.8 124.9 South Atlantic 1,580.3 1,567.0 1,493.2 1,029.5 1,032.2 952.6 Delaware * 7.0 7.0 15V4 T N R ITT 13.1 Maryland 179.6 176.2 179.7 154.0 153.4 152.3 Virginia 411.0 410.7 405.3 383.9 403.5 365.4 West Virginia 196.0 200.0 195.1 106.0 112.9 113.5 North Carolina 130.2 129.1 61.8 127.7 58.3 57.0 South Carolina* 88.0 99-5 94.7 31.7 31.5 23.7 Georgia 116.6 115.3 108.5 48.3 57.2 57.1 Florida 440.7 204.6 202.1 435.1 181.8 393.5 E. South Central 734. r 680.0 727.1 360.1 361.3 316.5 Kentucky 298.9 104.1 27677 297.9 10374 89.0 Tennessee 185.4 180.2 140.1 140.6 128.8 174.3 Alabama 179.8 88.4 165.6 88.6 179.2 77.2 Mississippi 28.2 70.7 69.8 28.0 63.4 21.5 W. South Central 2,182.3 2,184.7 2,034.4 508.1 424.8 515.4 Arkansas I63. l 160.3 151.0 63.0 63.0 54.2 Louisiana 173.6 173.4 167.8 78.6 78.2 69.0 Oklahoma 385.3 384.7 lll.o 343.8 U3.9 97.1 Texas l,46o.3 1,466.3 1,371.8 259.9 204.5 255.9 Mountain 772.8 776.9 712.4 346.5 344.8 304.6 Montana 205.0 206.9 194.2 90.3 87.5 97.9 Idaho 26.9 16.6 26.0 27.9 16.9 15.5 Wyoming 113.0 48.1 114.5 105.1 47.8 40.9 Colorado 269.9 267.9 103.5 247.5 102.7 92.1 New Mexico 121.5 40.0 122.0 105.6 32.2 39.7 Arizona 5.0 4.0 5.1 4.0 3.9 2-9 Utah 27.6 27.6 33.2 26.7 33.0 29.9 Nevada 3.1 2.8 3.0 2.8 2.6 3.4 Pacific 237.2 193.8 236.2 225.7 198.1 187.2 Washington 62.8 ~ ~W7< 63.9 48.8 44.7 Oregon* 43.8 40.9 22.1 20.4 41.7 21.3 California* 129.6 131.6 128.5 122.1 127.2 Alaska & Virgin Is, 10.1 8.4 10.2 11.5 10.2 *8:2