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j.l Class of bank Federal Reserve District BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, SECOND HALF OF JULY 1959 August 21, 1959 (Averages of daily figures^/ • In millions of dollars) Demand 3orroT ' ngs | Gross demand deposits Cash Net demand Time balances due Reserves vith F.R.Banks at Feu in deposits 2/ deposits from domestic Total Interbank U. S. Other Total Required Excess Reserve vault Govt. banks Banks 122,0b? 12,638 105,183 54,744 6,214 4,925 105, 304 18,833 3/18, 405 3/528 2,228 929 All member banks Central reserve city banks* 24, U09 1, 521 18,853 4,035 Net; York 6,224 1,138 320 4,765 Chicago 6,164 48,706 1,735 4o,808 Reserve city banks Boston 1,961 78 2,375 335 Nev York 1,186 1,083 45 58 Philadelphia 463 116 3,034 2,455 Cleveland 6,103 528 378 5,196 Richmond 80 2,466 388 2,933 Atlanta 661 101 3,454 2,692 Chicago 244 4,769 523 5,537 St. Louis 2,449 630 1,743 77 Minneapolis 86 298 891 1,275 Kansas City 811 86 2, 561 3,459 Dallas 822 2,801 3,780 157 San Francisco 13,120 658 273 12,189 Country banks 43,528 1,301 1.349 40,878 Boston 151 3,651 137 3,362 Nev York 6,908 246 130 6,533 Philadelphia 24 140 2,928 2,764 Cleveland 25 96 3,315 3,193 Richmond 110 101 2,760 2,549 Atlanta 244 4,030 113 3,673 6,028 6,324 Chicago 137 159 2,238 2,126 St. Louis 57 55 66 1,856 1,720 Minneapolis 69 122 82 Kansas City 2,869 3,073 200 68 Dallas 3,881 3,613 San Francisco 2,564 2,446 45 73 NOTE: Demand deposits adjusts,! (demand deposits other than interbank collection) of all member baniis amounted to $93,833 million. For numbered footnotes see next page. 4,964 4,058 20,989 4,026 76 187 115 32 1,465 4 1,047 5,389 1,043 29 99 37 22,031 2,045 40,937 483 7,901 45 7,856 699 222 20 2,113 11 362 360 17 3 644 1,040 6 204 26 205 1 35 2, 566 109 452 450 2 36 36 537 1,018 28 178 1,012 6 5,316 2,693 113 114 448 2,483 451 765 3658 3 892 247 501 498 45 2,751 71 3 4,686 3,104 231 928 105 932 71 3 2,018 120 26 506 361 27 358 3 266 44 181 1,017 2 11 183 27 80 282 484 2,744 632 34 493 9 6 1,115 546 36 2,973 552 375 33 6 10,656 11,229 2,386 191 292 2,391 57 1,384 26,285 5,480 348 222 37,869 5,828 3,994 1,400 14 118 421 16 205 3,192 437 221 6,171 1,005 966 364 38 5,736 39 120 18 22 2,478 429 407 2,574 253 4o 136 301 487 447 2,911 2,539 9 108 281,561 283 2,347 336 23 359 26 126 428 465 4901 3,464 1,683 25 64 207 8431 623 32 5,510 4,737 907 66 288 1 268 20 6 1,065 245 1,951 48 266 246 20 13 1,634 171 1,317 68 304 23 2,631 370 338 31 973 10 548 3,244 445 409 37 1,035 95 2, 240 1,760 71 189 345 334 10 7 and United States Government, less cash items reported as in process of DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BAMS--Continued (Averages of daily figures. In millions of dollars) Federal Reserve District Demand deposits except interbank Time deposits 2nd half 1st half 2nd half 2nd half 1st half 2nd half July 1959 IJuly 1959 IJuly 1958 July 1959 I July 1959 IJuly 1958 Country "banks in places with population of 15>000 and over l/ Total 28,029 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 3,095 5,137 1,752 2,029 1,683 2,727 4,045 1,074 886 1,258 2,156 2,186 28,023 3,024 5,179 1,749 2,001 1,676 2,752 4,059 1,080 886 1,241 2,160 2,216 26,330 2,928 4,831 1,647 1,920 1,632 2,509 3,901 1,033 838 1,179 2,084 1,830 16,450 16,467 15,434 1,103 3,868 1,202 1,399 785 1,099 3,220 545 588 449 707 1,484 1,101 3,864 1,199 1,397 785 1,104 3,243 547 582 449 714 1,482 1,061 3,647 1,105 1,306 765 1,055 3,091 540 542 4l4 665 1,240 Country banks in places with population of less than 15,000 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 14,197 14,185 13,477 9,835 9,807 9,190 4l8 1,641 1,153 1,260 967 1,059 2,142 1,106 900 1,693 1,525 333 405 1,611 1.136 1,252 980 1,071 2.137 1,113 898 1,696 1,551 335 398 1,514 1,116 1,231 934 967 2.057 1.058 847 1,586 1,472 298 297 1,868 1,276 l,l4l 296 1,864 1,272 1,137 281 1,789 1,221 1,086 721 524 l,4l6 485 676 463 273 255 lit 1,518 520 728 524 327 275 Si 1,516 519 726 326 275 l/ 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. 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/ Revised weekly figures compared with those given in published weekly statements: July July Aug. Aug. 22 29 , 52/ 12£/ 2/for Preliminary Digitized FRASER Required reserves Excess reserves Free reserves 18,488 18,353 18,300 18,087 488 349 396 535 -424 -541 -638 -538 J.lb DEPOSITS, RESERVES. AND BORROWING OF MEMBER BANKS — Continued (Averages of daily figures,7 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.) Demand deposits except interbank Time deposits 2nd half 1st half 2nd half 2nd half 1st half 2nd half July 1959 .July 1959 IJuly 1958 IJuly 1959 I July 1959 IJuly 1958 Country vvvuiWAj banks k/wji-w in A-fcplaces v-e with w vn c at population of less than 15,000 Total 14,197.4 lff7I8£.5 "I3l%77.1 9,834.9 9,807.5 r/97l5"9.8 Total, all States 14,190! 2 14^177.4 13 7472 .*3 9TB27.2 9,800.0 r/9, 152.2 New England 417.7 404.7 405.2 287.4 295,8 _29Z,_q_ Maine ^74 ' SoTT" 72 <2 80.5 72 .T 73TT New Hampshire 66.6 34.2 31.6 73.6 70.9 33.9 Vermont 66.4 60.9 68.3 103.7 99.6 103.9 Massachusetts* 46.0 48.8 153.0 155.6 159-2 49.3 Rhode Island Connecticut* 42.2 29.0 . 34.1 43.2 49.7 29.1 Middle Atlantic 3,032.1 2,892.0 3,444.4 3,433.5 r/3,278.2 3.078.3 New York 1.206.4 1,244.0 1,175.5 1.313.2 1,311.7 1,079.9 New Jersey* 803.2 741.1 718.4 , 761.1 747.9 807.9 Pennsylvania 1.124.0 1,318.6 1/1,273.1 1,115.5 1,093.7 1.323.3 E. North Central 3,183.9 3,077.6 3.207.1 2,393-5 2,541.0 2,535.9 Ohio '802.3 7I0T3 790.4 612.2 747.3 748.7 Indiana 500.8 474.6 301.3 287.7 497.8 301.5 Illinois 1.234.5 652.8 1,244.5 1.195.6 701.6 699.6 Michigan 482.4 446.4 364.9 368.9 483.4 341.7 Wisconsin 281.4 288.3 283.7 275.3 305.3 305.8 W. North Central 2.139.6 2,140.2 989.6 2.032.7 915.6 994.6 Minnesota 355.1 "325.4 J27.3 343.5 347.2 345.7 Iowa 144.3 349.6 155.0 352.7 346.5 154.2 Missouri 380.8 156.6 148.5 365.7 157.8 377-5 North Dakota 96.0 87.4 56.6 95.6 56.8 49.9 South Dakota 65.8 131.1 130.0 117.9 65.7 57.8 Nebraska 67.1 66.2 331.9 318.9 332.9 58.3 Kansas 147.2 511.1 146.0 501.4 465.9 131.4 South Atlantic 1,066.1 1,063.8 1,560.8 1,462.4 994.2 1,539-1 Delaware* 16.0 13.8 5.2 5.1 5.3 5-3 Maryland 166.2 164.9 154.8 151.4 172.9 157.0 Virginia 404.3 406.8 415 -6 414.7 382.4 376.7 West Virginia 197-9 119.3 118.8 200.5 107.3 195.5 North Carolina 62.1 130.9 62.1 133.6 123.8 59.3 South Carolina 89.2 92.8 86.7 32.9 31.1 32.9 Georgia 114.2 108.4 60.0 115.1 51.2 59.7 Florida 440.6 432.6 214.2 382.4 215.2 197.7 E. South Central 692.5 366.6 695.2 365.8 329.6 653.5 Kentucky 262.9 100.4 250*75" 267.3 101.5 92.9 Tennessee 185.0 143.9 186.5 143.8 173.1 131.5 Alabama 178.2 166.0 92,1 81.5 172.3 92.1 Mississippi 66.4 64.0 29.4 69.1 29.2 23.7 W. South Central 2,006.0 2,093.7 _&136.3 460.9 543.0 540.5 Arkansas 146.5 155.4 65.1 157.3 65.7 57. Louisiana 180.6 173.4 83.2 73.8 157-5 83.9 Oklahoma 390.2 403.2 123.3 104.9 367.4 122.7 Texas 270.1 1,374.7 224.7 1,395.2 1,332.6 269.5 Mountain 751.3 358.7 322.0 754.3 704.2 358.8 lSBTo™ Montana 100.7 92.1 100.6 Idaho 27.1 17.0 15.8 25.9 16.7 Wyoming 108.2 108.0 102,2 42.3 49.6 49.2 Colorado 268.0 266.6 107.0 249.7 107.0 99-4 New Mexico 114.4 42.5 116.7 104.7 42.3 34.9 Arizona 4.0 5.4 4.2 4.1 5.3 3.9 Utah 28.5 34.4 26.5 31.0 29.3 34.7 Nevada 2.6 2.6 2.7 3.0 3.8 Pacific 270.3 216.6 270.2 201.2 238.7 215.5 Washington* 58.8 5H7T 45.7 4578 59-2 45.7 Oregon* 35.0 21.5 20.4 20.9 34,9 39.1 142.4 California* 129.1 142.5 128.4 131.1 138.3 Alaska* 20.3 3.2 20.5 3.9 Virgin Islands 8.0 3:1 4.8 8.0 7.2 r/ Revised 3 ii