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• BOARD' OF" GOVERNORS OF THE FEDERAL RESERVE SYSTEM

3.1

DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS, FIRST HALF OF
(Averages o f d a i l y f i g u r e s 1 / ,
In m i l l i o n s o f d o l l a r s )
C l a s s o f bank
and
F.R. d i s t r i c t

A l l member banks
C e n t r a l r e s e r v e c i t y bankst
New York
Chicago

Gross demand d e p o s i t s

Net
demand
deposits
y

Time
deposits

Total

Interbank

Other

87.157

10.661

76,497

76,313

29,%-Q

21,221

3,908
1,094

17,312
3,952

19,415
4,569

1,740
1,059

5,046

V

LfBRARY

I

--9

August 2 , I9U9

R e s e r v e s w i t h F . R, Banks
Demand
b a l a n c e s due
from d o m e s t i c T o t a l
Required {Excess
banks
.!
-J
17,808
16,516
1^292
?,32?
57

150

4,914
1,223

4,764s

1,160

R e s e r v e c i t y banks
6,618
6,277
27.886
4.845
27«379
32.224
1,744
11,6#
Boston
370
190
1,637
271
360
33
1,744
New York
120
116
281
28
25
566
496
539
Philadelphia
400
1,792
251
65
1,898
395
2,135
343
Cleveland
828
790
161
1,508
3,496
3,933
442
3,497
Richmond
108
1,690
371
310
2,000
1,721
399
449
Atlanta
356
136
1,551
412
1,650
1,963
436
393
Chicago
8
3
8
260
790
2
,
0
1
3
3,883
414
3,469
3,344
S t . Louis
1,650
351
372
1,379
97
1,929
551
345
Minneapolis
770
862
265
189
183
182
1,035
57
Kansas City760
506
468
261
1,968
2,728
2,231
359
Dallas
1,911
267
461
406
1,975
419
492
2,404
San F r a n c i s c o
7,176
1,678
6,818
1,742
558
7,734
274
5,235
Country banks
28.668
27,854
814
14,887
5,053
4,315
24,443
3,374
Boston
88
2,280
2,192
167
386
1,070
1,987
342
New York
88
815
703
4,085
3,579
299
3,997
3,365
Philadelphia
16
2,118
2,134
1,713
1,848
362
222
423
Cleveland
2,290
2,309
19
383
258
1,737
458
1,994
Richmond
2,017
1,920
289
1,684
97
256
891
344
Atlanta
2,200
688
366
318
1,979
2,354
3C9
154
Chicago
621
63
3,913
3,850
731
2,558
497
3,337
S t . Louis
1,664
1,619
275
629
1,411
235
224
45
Minneapolis
1,408
212
181
58
1,350
1,194
750
254
Kansas C i t y
2,197
57
275
1,832
2,139
314
335
344
Dallas
2,560
2,460
366
309
2,113
409
99
224
San F r a n c i s c o
30
208
1,718
265
300
949
I,/#
NOTE: Demand d e p o s i t s a d j u s t e d (demand d c p o L - t s o t h e r t h a n i n t e r b a n k a n d ' U n i t e d S t a t e s Government, l e s s c a s h i t e m s r e p o r t e d
o f c o l l e c t i o n ) o f a l l member ba:.k:- c - v n . i a t e d a t 6 9 , 6 0 0 m i l l i o n d o l l a r s .
For numbered f o o t n o t e s s e e n e x t p a ^ e . ,




"Z.%

Borrowings
at Federal
Reserve
Banks
41

%

150
63

_%2.
10
4

6

38

28
3
22{
61
38
£
738

19

44
112

62

75
55
48
110
40
42
60
56
35

proceed

DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER B A M S - (Cont'd)
(Averages of daily figures. In millions of dollars)
Federal
Reserve
district

Time d e p o s i t s

Demand d e p o s i t s e x c e p t i n t e r b a n k
1st half
J u l y 19k9

2nd h a l f
June 19U9

1st half
J u l y 19U8

1st half
J u l y 19U9

2nd h a l f 1 s t h a l f
June 19U9 J u l y 19k I

Country banks i n p l a c e s w i t h p o p u l a t i o n of 1 5 , 0 0 0 and o v e r l /
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

r
l/

1,852
2,9k5
1,215
1,282
1,093
1,51*1
2,216
6k9
603
561
1,001
1,226
Country banks

16,201

11,668

11,518

3k0
1,052
903
1,008
828
660
1,633
970
7k7
1,578
1,159

332
1,030
89k
997
815
65k
1,613
958
735

h91

r 16,300

8,820

1,55a
1,150
U85

r 11,928
309
i,oh8
9b8
1,051
856
662
1,68k
r 97k
766 .
1,592
1,519
539

8,82k

8,811

836
1,889
1,858
837
2, 210
2,211
2,992
2,972
813
1,226
8lk
1,213
922
1,280
1,318
922
kio
1,088
1,085
kio
U67
1,529
1,530
167
1,600
2,209
2,187
1,601
3UU
r 636
6k7
3kk
300
300
587
595
106
105
556
565
1,010
152
1,00k
155
652
1,213
1,28k
655
i n p l a c e s w i t h p o p u l a t i o n o f l e s s t h a n 15,

866
2,219
818
910
398
k86
1,591
337
2#
105
lk8
651

§1

Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

16,186

6,067

6,058

6,057

233
1,151
899
815
U81
220
957
285

235
1,152
897
81k
k80
219
955
28k
k5l
208
71
293

232
1,160
901
825
k67
217
960
275
k50
20k
65
300

hSl

20 9
69 .
291

Revised
I n c l u d e s any banks i n o u t l y i n g s e c t i o n s o f r e s e r v e c i t i e s which have been
g i v e n p e r m i s s i o n t o c a r r y t h e same r e s e r v e s a s c o u n t r y b a n k s .

F o o t n o t e s f o r p r e c e d i n g page ( J . l ) :
1 / A v e r a g e s of d a i l y c l o s i n g f i g u r e s f o r r e s e r v e s and b o r r o w i n g s and of d a i l y
o p e n i n g f i g u r e s f o r o t h e r columns, inasmuch as r e s e r v e s r e q u i r e d are b a s e d
on d e p o s i t s a t opening of b u s i n e s s .
£ / Demand d e p o s i t s s u b j e c t t o r e s e r v e r e q u i r e m e n t s , i . e . , g r o s s demand d e p o s i t s
minus c a s h i t e m s r e p o r t e d a s i n p r o c e s s of c o l l e c t i o n and demand b a l a n c e s due
from d o m e s t i c b a n k s .
3 / I n c l u d e s some i n t e r b a n k and U. S . Government t i m e d e p o s i t s ; t h e amounts on c a l l
r e p o r t d a t e s a r e shown i n t h e Member Bank C a l l R e p o r t .




J.lb
DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS - (Cont'd)
(Averages of d a i l y f i g u r e s ; i n thousands of d o l l a r s . Comparability of
f i g u r e s i s a f f e c t e d somewhat by changes i n Federal Reserve membership,
absorptions, e t c . , p a r t i c u l a r l y i n S t a t e s designated by an a s t e r i s k . )
Demand d e p o s i t s except interbank
1 s t half
July 1949

2nd h a l f
June 1949

1 s t half
July 1948

Time d e p o s i t s
1 s t half 2nd h a l f
July 1949 June 1949

1st half
July 1948

Country banks i n p l a c e s with population of l e s s than 15,000
T o t a l , a l l S t a t e s 11,667,677 11,517,648 r l l , 9 2 8 , 3 5 9 6 , 0 6 6 , 7 1 8 6,058,133 6,056,830
New England
245,194
246,956
243,094
357,093
349,032
356,286
Maine
66,85c
58,265
59,282
65,562
57,590
65,467
New Hampshire
28,594
27,852
67,431
72,899
70,259
27,875
Vermont
55,753
4 1,737
45,614
43,853
55,423
55,329
Massachusetts
118,828
55,iiy
115,81*5
123,321
52,416
52,604
Rhode Island
1,522
815
1,505
738
1,504
789
Connecticut*
35,226
65,016
44,292
64,082
59,047
42,321
Middle A t l a n t i c
2,209,769 2,177,099
2,227,341 2,295,787 2, 290,678 2,316,609
New York
730,651
761,409
712,385
717,101
753,617
754,418
New Jersey
515,336
527,621
526,110
504,951
508,558
528,642
Pennsylvania
963,782
1,001,682 1,012,727 1 , 0 1 0 , 9 5 1 1,027,579
959,763
E. North Central
2,417,620 1,662,256 1,658,968 1,659,636
2,355,57k 2,321,307
Ohio
504,781
572,181
505,798
592,901
506,649
580,734.
Indiana
177,109
394,866
414,128
178,576
179,192
397,381
Illinois
382,044
883,440
911,881 388,912
899,987
387,333
Michigan
360,518
364,441
292,629
288,853
300,519
360,265
Wisconsin
231,261
226,985
181,967
198,191
226,996
184,843
W. North Central
538,662
1,916,610 1 , 8 9 0 , 7 2 1 1,938,064
533,130
537,827
Minnesota
216,701
218,282
218,597
249,669
264,290
252,843
Iowa
91,586
93,939
91,544
316,576
302,333
306,135
Missouri
69,821
72,820
305,866
73,349
307,843
311,683
North Dakota
30,678
29,373
91,086
86,502
30,635
87,809
South Dakota
35,120
35,389
35,341
156,194
149,355
151,533
Nebraska
43,351
42,941
42,966
317,921
331,765
323,457
Kansas
44,825
46,165
46,196
477,098
472,287
483,150
South A t l a n t i c
580,802
589,504
589,048
1,177,755
1.159.324 1 , 1 4 6 , 2 9 8
Delaware
11,823
11,662
11,677
18,104
16,653
17,025
Maryland
120,558
120,052
119,795
147,423
149,893
151,672
Virginia
205,891
216,511
216, 265
301,252
312,849
305,013
West V i r g i n i a
8l,4u8
188,323
187,822
84,179
83,794
190,559
North Carolina
49,883
50,848
116,176
50,876
137,070
118,138
South Carolina
18,704
18,797
82,710
76,003
18,759
76,205
Georgia
29,854
86,111
28,876
28,562
94,448
87,785
Florida
62,641
214,357
194,859
58,821
59,078
212,927
E. South Central
621,278
648,470
157,355
165,737
166,777
626.632
Kentucky
46,281
271,906
278,186
47,856
272,483
47,928
Tennessee
62,031
170,920
67,602
168,548
179,189
68,129
Alabama
133,830
37,012
38,226
140,410
131,051
38,978
Mississippi
49,976
12,031
49,196
50,685'
11,742
12,053
W. South Central
1 , 9 6 9 , 8 6 2 1 , 9 5 0 , 4 9 6 r2,048,855
142,558
150,500
151,534
Arkansas
164,116
29,323
162,735
165,490
30,750
30,723
Louisiana
81,828
28,138
27,905
80,795
28,440
Oklahoma
396,766
36,890
33,758
387,531
37,377
413,749
Texas
1,327,385 1 , 3 1 8 , 4 0 2
51,572
53,960
1,388,821
55,756
Mountain
708,298
182,487
181,2116
706,277
702,399
183,073
Montana
41,450
40,79k
161,916
164,219 .
157,626
40,867
Idaho
16,702
16,972
70,014
69,199
73,143
16,996
Wyoming*
21,545
21,637
91,520
88,314
92,206
21,644
Colorado
48,898
49,201
222,221
229,989
223,850
49,141
New Mexico
11,989
12,352
100,959
101,275
99,486
12,415
Arizona
1,181
1,236
4,013
4,242
1,227
4,213
Utah
34,512:
34,668
44,725
45,489
34,648
44,946
Kevada
5,623
8,217
7,617
5,557
5,549
7,575
Pacific
242,400
234,312
359,018
235,551
407,691
364,515
Washington
41,2:6
80,730
80,852
40,736
87,050
40,918
Oregon*
27,764
73,446
72,371
86,324
25,873
25,731

California
210,217
173,120
168,760
167,845
205,917
234,317
http://fraser.stlouisfed.org/
r Revised

Federal Reserve Bank of St. Louis