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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM April 5, 1950 DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FIRST HALF OF MARCH 1950 J.l (Averages of daily figures l/. Class of bank and F. R. district All member banks Central reserve city banks: New York Chicago Reserve city banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco ( Gross demand deposits In millions of dollars) Reserves with F. R.'"!Banks Demand balances due from domestic Total Required Excess banks Net demand deposits 2/ Time deposits 3/ 79,854 80,126 29,486 5.518 16,194 15.298 895 68 16,998 4,175 19,242 4,796 1,698 1,089 32 117 4,393 1,114 4,318 1,110 75 5 22 1 29,072 •1,709 843 1,916 3,684 1,785 1,624 3,761 1,460 789 2,100 2,043 7,358 30,082 1,811 779 2,032 3,746 1,860 1,797 3,664 1,807 897 2,404 2,205 7,082 11,749 195 288 215 1,513 438 434 2,024 344 182 366 405 5,345 1,673 31 32 69 156 101 123 268 96 55 247 255 242 6,201 341 156 382 768 374 365 788 356 174 471 449 1,577 6,002 199 336 155 376 750 357 345 761 342 171 451 417 1,542 5 2 6 18 17 20 27 14 3 20 32 35 616 30 1 5 Total Interbank Other 90,926 11,072 20,746 5,268 3,748 1,093 34,364 1,972 671 2,271 4,175 2,122 2,109 4,231 2,093 1,057 2,887 2,651 7,926 5,292 263 28 355 491 337 485 470 633 267 787 608 568 Borrowings at Federal Reserve Banks 4 2 1 1 2 2 4 1 8 16 Country banks 26,006 30,548 4,485 3,868 29,6.09 14,949 3,696 9# Boston 101 1,064 2,497 176 2,194 350 317 2,396 33 5 82 New York 4,389 637 92 4,297 3,378 5 293 719 3,899 2,240 1 Philadelphia 18 2,222 1,948 1,712 319 51 229 370 2,421 Cleveland 401 21 65 1,721 290 2,077 2,399 335 Richmond 2,106 108 2 256 1,760 49 896 270 1,998 305 Atlanta 169 289 50 2,124 687 2,579 2,389 339 379 Chicago 4,136 1 642 4,067 69 89 521 3,532 2,585 553 St. Louis 206 240 1,681 1,733 51 34 1,451 637 253 Minneapolis 1,447 62 186 218 31 1,385 1,239 179 755 Kansas City 46 1 62 2,293 320 360 245 2,231 1,912 291 Dallas 60 2,936 138 243 2,798 2,354 295 355 539 San Francisco 1,772 26 27 1,744 207 1,514 229 , 255 953 1 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 estimated at 73. 750 million dollars. For numbered footnotes see next naee. J.la DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS - (Cont'd) (Averages of daily figures. Federal Reserve district In millions of dollars) Time deposits Demand deposits except interbank 1st half Mar. 1950 2nd half Feb. 1950 1st half Mar. 1949 1st half Mar. 1950 2nd half 1st half Feb. 1950 Mar. 194S Country banks in places with population of 15,000 and over l/ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis MinneapolisKansas City Dallas San Francisco 17,322 17,435 16,475 8,86l 8,825 8,782 2,06l 3,203 1,289 1,373 1,143 1,666 2,360 676 617 594 1,102 1,238 2,083 3,263 1,317 1,372 1,146 1,641 2,367 676 619 593 1,114 1,243 1,877 2,970 1,219 1,325 1,129 1,624 2,230 642 596 570 1,043 1,248 834 2,229 818 910 412 464 1,619 346 305 108 164 653 833 2,222 812 906 412 461 l,6ll 346 304 108 161 650 843 2,206 808 904 403 470 1,599 338 302 104 149 656 Country banks in places with population of less than 15, 000 Total 12,287 12,234 12,038 6,089 6,086 6,064 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 335 1,094 933 1,027 855 723 1,707 1,005 769 1,637 1,696 506 334 1,097 934 1,017 850 706 1,693 1,001 767 1,632 1,698 506 334 1,0 41 901 1,038 875 702 1,672 1,004 774 1,634 1,552 510 230 1,149 894 811 483 223 966 291 451 212 78 300 229 1,145 893 810 482 222 964 291 453 212 84 300 232 1,151 896 820 479 219 959 283 455 207 68 294 l/< 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): l/ 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/ Includes some interbank and U. S. Government time deposits; the amounts on call report dates are shown in the Member Bank Call Report. J. lb DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS - (Cont'd) (Averages of daily figures; in thousands of dollars. Comparability of figures is affected somewhat by changes in Federal Reserve membership, absorptions, etc., particularly in States designated by an asterisk.) Demand deposits except interbank 1st half Mar. 1950 2nd half Feb. 1950 1st half Mar. 1949 Time deposit: 1st half Mar. 1950 2nd half 1st half Feb. 1950 Mar. 1949 Country banks in places with population of less than 15,000 Total, all States 12,266,671 12,234,320 12,037,936 6 , 0 8 8 , 5 9 2 New England 242,128 354,270 352,673 331,29b Maine 64,014 50,718 57,921 49,437 New Hampshire 67,664 26,875 69,715 69,587 Vermont 43,381 55,104 42,212 42,766 Massachusetts 126,073 120,716 51,579 126,585 Rhode Island 881 1,550 883 971 Connecticut* 43,006 61,812 V_>, JVC. 63,502 63,415 Middle Atlantic 2 , 2 0 1 , 8 5 3 2,282,471 2,271,471 2,276,889 New York 750,376 743,115 751,167 719,191 New Jersey 542,570 535,074 544,613 511,232 Pennsylvania 978,525 981,109 971,430 1,004,282 E. North Central 2,429,402 2,407,742 2,383,463 1,671,258 Ohio 506,008 598,888 588,291 591,344 Indiana 409,413 183,426 404,618 408,798 Illinois 907,832 887,941 394,359 905,352 Michigan 316,680 363,990 298,463 316,180 Wisconsin 196,589 223,475 196,917 193,301 W. North Central 542,810 1,979,627 1,971,592 1,987,914 Minnesota 261,053 217,696 255,672 256,711 Iowa 323,600 326,148 91,223 318,382 Missouri 325,446 74,944 319,160 324,247 North Dakota 84,501 31,391 92,251 85,898 South Dakota 158,522 161,040 37,237 158,879 Nebraska 43,215 333,529 332,278 337,277 Kansas 47,104 492,976 496,366 495,197 South Atlantic 1,233,858 1,216,349 592,161 1,221,498 Delaware 16,654 16,909 16,695 11,869 Maryland 150,387 159,215 161,043 119,705 Virginia 322,035 319,904 321.043 223,359 West Virginia 174,272 193,565 175,948 80,531 North Carolina 125,782 137,608 127,060 49,835 South Carolina 84,004 85,820 83,316 18,611 Georgia 94,718 94,152 95,336 29,147 Florida 242,366 220,456 253,417 59,104 5. South Central 688,401 656,613 661.044 168,838 Kentucky 291,014 290,900 302,301 47,776 Tennessee 173,014 175,334 181,591 68,458 Alabama 140,537 148,108 40,818 139,365 Mississippi 54,159 56,401 11,786 53,334 W. South Central 2,229,191 2,226,500 2,080,348 161,153 Arkansas 177,733 176,562 175,701 32,509 Louisiana 85,851 85,646 28,226 85,130 Oklahoma 413,764 409,462 407,989 38,491 Texas 1,551,843 1,555,346 1,411,012 61,927 Mountain 748,912 186,424 747,926 748,349 Montana 171,578 172,728 171,292 42,834 Idaho* 69,229 69,997 75,673 16,556 Wyoming 98,964 21,860 99,051 97,913 Colorado 237,092 234,275 235,730 49,556 New Mexico 113,956 114,211 108,225 13,572 4,430 Arizona 4,438 4,178 1,028 Utah 46,492 46,192 47,227 35,640 Nevada 7,171 8,111 7,034 5,378 Pacific 378,896 374,814 241,349 378,036 81,601 Washington 81,548 85,804 41,731 Oregon 73,306 74,416 73,280 25,735 California 223,989 223,208 214,594 173,883 6,086,466 6,063,819 241,376 243,164 63,988 66,q08 27,290 26,770 54,906 55,519 52,850 51,423 1,5?4 1,548 38,563 42,741 2,276,799 2,288,9?3 741,921 757,473 521,526 532,798 1,002,080 1,009,939 1,670,42 3 1 , 6 7 0 , ^ 6 4 505,648 512,237 182,606 178,949 394,022 387,708 361,296 363,796 230,2p4 224,341 544,155 539,791 219,267 220,439 91,083 91,963 72,768 74,605 30,364 31,769 36,976 35,702 43,180 43,156 47,279 45,375 589,583 589,925 11,683 11,827 120,173 119,529 215,639 222,875 80,434 83,874 49,378 49,934 18,474 18,987 28,813 29,093 61,036 57,759 169,119 163,772 47,673 47,768 66,469 68,620 40,981 37,636 11,994 11,750 167,030 147,301 30,801 32,375 27,662 28,251 38,351 35,548 68,053 53,290 186,202 185,426 42,761 16,613 21,874 49,461 13,439 1,031 35,645 5,378 241,447 41,943 26,305 173,199 42,079 17,169 22,426 49,455 12,580 1,194 34,5)79 5,542 235,360 41,04-6 26,334 167,980