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J({ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FOR THE BIWEEKLY PERIOD ENDED AUGUST 10 i960 (Averages of daily figuresi/• In millions of dollars) ' Class of bank and F. R. District All member "banks Cent.res.city bks.: 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 U. s. Total Interbank 120,988 12,992 Govt. 5,632 23,778 4,l4o 1,186 1,285 337 6,052 47,297 2,329™ 1,139 3,009 5,790 3,009 3,318 4,877 2,423 1,250 3, 343 3,773 13,038 T 6,335 471 517 409 654 558 656 326 839 859 661 2,228 "TIB" 74 156 402 114 118 327 101 84 112 169 453 102,364 18,353 4,530 38,734 T7B73" 1,016 2,382 4,870 2,485 2,545 3,992 l, 667 840 2,393 2,746 11,925 Demand Net demand Time balances deposits 2/ deposits due from dcm.bks. 102,815 6,487 55,870 20,062 5,261 39,728 —5737T~ 1,005 2, 541 5,085 2, 532 2,646 4,118 1,985 1,000 2,670 2,998 11,071 Country banks 43,861 1,331 1,783 40,747 37,764 Boston 3,625 144 175 3,306 3,148 New York 7,016 127 349 6,540 6,229 Philadelphia 2,913 27 163 2,723 2,545 Cleveland 3,227 25 137 3,065 2,823 Richmond 2, 590 99 103 2, 388 2,193 Atlanta 3,966 126 239 3,601 3,373 Chicago 7,022 152 281 6,589 6,029 St. Louis 2, 210 59 2,072 79 1,894 Minneapolis 1,816 73 78 1,665 1,565 Kansas City 3,078 129 124 2,826 2,601 Dallas 3,760 209 83 3,468 3,086 San Francisco 2,636 47 86 2,278 —— — ' '2,503 -S r Demand deposits adjusted (demand deposits other than interbank and collection; of all member banks amounted to $90,678 million. For numbered footnotes see next page. 4,647 1, 500 21,601 SOT 663 630 2,820 826 927 2, 528 523 263 648 1,123 10,447 8,121 86 107 1,971 35 98 173 142 271 174 131 $ g 4, 322 201 398 With F. R. Banks 18, 276 3,845 1,025 7,608 354" 191 450 964 447 483 795 353 179 480 555 2,355 Reserves Allow- I able in | Required cash | 283 3/18,061 1 1,022 73 9 1 19 14 5 13 3 1 2 6 3,844 7,635 "353" 198 451 980 459 483 806 354 178 473 551 2, 349 August 26, i960 Excess '3/49r 2 3 46 2~ 1 1 3 2 5 2 2 1 9 7 12 Borrowings at F. R. Banks 304 1 105 87 7 2 18 8 10 10 24 2 3 5,798 209 5,560 447 112 42 15 4l8 21 9 1,009 29 985 5 26l 405 32 412 1 8 46o 303 30 443 46 5 278 327 23 318 12 31 450 47 8 18 460 36 17 755 997 946 33 83 19 272 284 5 263 26 1 196 258 5 24 239 6 413 2 373 12 338 1,126 590 434 9 14 396 47 -1,806 L, ouo 206 350 6 341 4 15 United States Government, less cash items reported as in process of 1,434 6,00 4 2,633 2.658 1, 546 1,778 5.659 1,096 1,340 1,042 J.la DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER B A M S — (Averages of daily figures. Demand deposits except interbank Time deposits and U. S. Government Aug. 1-15, July 26 - July 14-27, Aug. 1-15, July 28 I960 Aug. 10, i960 Aug.1Q I960 1959 I960 1959 # § I 1 I Federal Reserve District Continued In millions of dollars) over 1/ Country banks in places with population of Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 27,248 27,305 28,032 17,905 17,787 16,460 2,923 4,991 1,630 1,857 1,478 2, 561 4, 575 1,021 832 1,188 1,995 2,197 2,905 4,964 1,624 1,873 1,475 2,599 4,574 1,028 835 1,205 2,009 2,215 3,043 5,194 1,746 2,033 1,681 2,708 4,078 1,070 894 1,247 2,145 2,192 1,153 4,059 1,295 1,446 774 1,166 4,074 554 600 472 763 1,548 1,142 4,029 1,269 1,440 770 1,154 4,058 550 598 475 759 1, 543 1,113 3,866 1,204 l,4oo 786 1,093 3,210 548 590 450 700 1,499 Country banks in places with pojlulation of less than 15,000 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 13,499 V13A78 14,303 10,216 10,229 9,859 383 1, 549 1,093 1,208 910 1,040 2,014 1, 051 834 1,638 1,473 306 380 1,571 1,098 1,199 905 1,049 ,1,993 £/l, 047 835 1,623 1,471 308 417 1,630 1,174 1,265 984 1,077 2,159 1,112 910 1,704 1,533 337 281 1,945 1, 338 1,212 772 612 1, 585 542 740 570 363 257 280 1,950 1,354 1, 207 770 612 1, 578 539 738 567 361 272 293 l, 872 1,281 1,145 778 587 1, 522 521 730 526 326 277 xj Revised. # U . S . Government deposits included, prior to December 1, 1959• 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): 1/ Averages of daily closing figures for reserves with F. R. Banks 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: Required reserves Aug. 3 Aug. 10 Aug. 17EA Aug. 242/ Digitizedp/forPreliminary. FRASER 18,104 18,018 17,982 17,931 Excess reserves 488 507 582 455 Free reserves 173 2l4 166 262 J -lb DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER 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 other areas designated by an asterisk.) Country banks in Demand deposits except interbank Time deposits places with a aUU U. U • S. O • Government uUV 8i'LluIGGu and population of July 28 - IJuly 14-2%|Aug. 1-15, July 28 - IJuly 14-27,(Aug. 1-15, less than 15,000 Aug.1QI960 . I960 1959 # Aug.1Q I960! I960 1959 ' 13,498.6 1 X l.r>B"£r/13,478.1 V-Ao L45-4— 14,302. a Total 10,215.8 1/10,228.7 9,859.4 Total, all States 10,206.4 13,492.0 l/l3,471.8 - i 10,219.1 9,851.3 New England D.O 261.3 293.2 Maine * 81.1 65.0 76.1 75^8 W New Hampshire 71.0 74.6 35-0 69.7 34.5 35.2 Vermont * 54.7 104.7 69.1 54.7 95.4 95.2 Massachusetts 161.1 155.4 50.0 154.5 51.3 51.9 Rhode Island Connecticut * 36.5 38.2 22.9 22.7 22.7 36.3 Middle Atlantic 2,936.8 3,090.1 2,909.9 3,624.9 3,604.7 3.454.5 New York 1,117-3 1,181A 1,143-4 1,360.2 1,316.2 1,357.7 New Jersey 747.4 860.8 861.2 774.6 811.7 733-6 Pennsylvania 1,045.2 1.059.8 1,386.2 1.326.6 1.403.5 1,133.7 E. North Central 3,046.7 2.644.6 3.014.9 2,656.5 3,229.1 2,546.5 Ohio 709.8 781.1 81475 794.2 790.4 751.9 Indiana 465.8 459.2 317.0 315.4 301.9 503.3 Illinois 1,173.2 1,161.8 1,244.9 748.5 704.3 745.2 Michigan 481.8 490.1 492.4 353.7 350.7 380.3 Wisconsin 264.2 262.1 286.1 304.4 306.6 303.5 W. North Central 2,003.4, 1,990.1 1,024.4 1,020.8 2,153.6 999.2 Minnesota 329.6 331.4 349.8 349.0 347.4 Iowa 321.4 156.0 320.4 348.6 156.0 155.9 Missouri 348.7 161.1 158.2 347.3 377.2 159.7 North Dakota 85.6 58.1 85.7 58.1 97.2 56.9 South Dakota H4.6 115.7 64.7 66.4 64.5 131.9 Nebraska 3H.2 307.4 73.1 72.8 66.9 335.7 Kansas 491.2 161.6 k&3.3 160.7 511.7 147-5 South Atlantic 1,463.3 1,068.2 1,068.4 1,465.9 1,568.9 1,071.3 Delaware * 4.0 4.1 4.0 5-2 3.7 5-3 Maryland * 129.4 126.1 126.1 169.9 125.8 157-3 Virginia 408.8 394.9 424.6 425.2 391.0 416.7 West Virginia 190.0 189.1 129.4 129.2 117.0 198.3 North Carolina 124.0 66.8 132.0 66.6 64.8 125.7 South Carolina 87.6 88.3 32.7 32.6 33.1 95.3 Georgia 111.6 112.6 60.1 120.4 62.1 59.8 Florida 421.8 429-4 223.8 439.0 223.5 217.3 E. South Central 667.O 1/668.0 388.1 700.7 366.1 387.1 Kentucky 248.0 107.5 1/249.r 26579 107.1 100.5 Tennessee 181.2 181.0 186.6 152.6 144.0 152.2 Alabama 168.1 180.1 167.8 97.1 97.0 92.2 Mississippi 69.7 68.1 30.9 69.7 30.8 29.4 W. South Central 2,049.3 603.6 2,101.7 600.1 542.2 Arkansas 157.5 76.4 66.1 155.4 76.1 Louisiana 176.3 174.8 177.6 89.7 88.9 83.5 Oklahoma 389.4 136.8 389.8 123.8 391-3 136.3 Texas 1, 326.1 1,380.2 300.7 1,325.1 298.8 268.8 Mountain 725.4 720.5 383.2 360.0 759.3 381.7 100.6 Montana 110.0 180.9 198.0 100.7 109.5 Idaho 27.0 27.1 17.6 27.4 17.0 17.7 Wyoming 104.2 103.4 108.4 50.0 53.3 53.0 Colorado 267.1 264.0 110.9 273-6 110.3 107.7 New Mexico 111.0 48,1 109.0 48.0 117.0 42.4 Arizona 6.1 6.2 4.2 4.1 4.0 5-2 Utah 27.1 27-5 27.3 34.3 35.3 Nevada 2.3 2.4 2.4 3.8 3-9 Pacific 243.8 245.1 196.4 274.8 211.5 218.3 Washington 55.5 55.2 47.9 47.8 45.8 •5 Oregon * 31.0 23.4 24.1 32.9 22.0 37.0 124.6 California * 101.9 125-7 143.4 117.7 130.2 Alaska 32.7 23.2 31.3 34.9 21.9 20.3 Virgin Islands 6.7 6.6 8.1 7.2 9.6 9.7 w -Mm- 1:1 ¥ U. S. Government deposits included, prior to December 1, 1959 Digitized r/ forRevised. FRASER