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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