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BOARD OF GOVLRNORS OF THE FEDERAL RESERVE SYSTEM
J.l
I
:
,•
i
August 29, 1950
|Revision of statement
issued August 3, I95O)
DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FIRST HALF OF juLY $>5© ,)
.
(Averages of daily figures l/. In millions of dollars) >
Class of bank
and
F. R. district
Gross demand deposits
Interbank
Net
demand
deposits
2
92,96k
11,017
81,946
/
81,196
21,110
5,335
3,780
1,099
17,330
4,236
Reserve city banks vj
Boston
New York
Philadelphia
1
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco 4 / r/
35,455
5,229
1,970
892
2,339
4,320
2,153
2,105
4,520
2,047
1,072
2,9#
2,741
8,331
269
30
383
483
320
Country banks rf
31,064
All member banks r/
Central reserve city banks %
New York
Chicago
iii
546
2 66
819
624
587
Time
deposits
}/
Demand L
balances due
from domestic
("with F. RJ Banks
Total
Required
29,747
5,612
16,339
19,350
4,813
1,785
1,094
37
123
4,375
1,120
4,346
30,226
30,630
11,815
1,786
6,325
6,104
1,701
862
1,955
3,837
1,833
1,668
4,055
1,500
1,795
791
2,068
3,822
1,854
1,770
3,894
1,739
886
2,442
806
2,148
2,117
7,743
2,228
7,340
195
286
242:
1,498
438
440
2,046
349
180
369
423
5,349
34
71
170
111
129
271
9
l
255
304
245
15 , W 5
1,113
333
392
777
371
366
836
340
171
487
454
,631
384
%
341
803
331
169
458
422
1,589
Excess
Borrowings
at Federal
Reserve
Banks
854
63
29
19
2
6
24
6
4
8
14
15
25
33
9
3
29
43
3,666
15,053
4,519
3,921
18
598
Boston
1,061
2,271
2,599
2,505
361
94
175
55
New York
4,560
98
4,46l
4,014
306
3,407
82
734
Philadelphia
19
2,363
1,746
2,043
245
2,343
50
383
Cleveland
2,500
21
280
1,728
2,154
401
2,479
345
Richmond
2,081
101
1,980
1,743
899
253
302
is
254
Atlanta
166
2,117
2,368
2,534
692
289
42
Chicago
66
4,272
4,206
2,613
3,638
567
534
94
St. Louis
1,738
1,690
1,468
48
208
643
237
28
Minneapolis
60
1,440
1,380
1,225
750
214
184
179
29
Kansas City
2,291
69
2,222
1,885
322
291
242
383
Dallas
2,881
137
2,311
526
2,744
t
244
290
351
• San Francisco 4 / r/
1,305
1,776
29
210
1,535
947
255
232
23.
MOTS: 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 72.,600 million dollars.
r/ Revised — see footnote
~ e 1i y ':
For numbered footnotes see next page.
909
30,155
26,404
&
%
J. la.
DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER B A M S - (Cont'd)
(Averages of daily figures.
In millions of dollars)
Time deposits
Demand deposits except interbank
1st half
2nd half
1
1st half
July 1949
1
2nd half
June 1950
1
1st half
July 1950
1
Federal
Reserve
district
1st half
July 194
Country banks in places with population of 15,000 and over 1/
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco 4/
r/17,826
rA7,665
16,186
r/8.922
r/8,934
8,820
2,147
3,306
1,367
1,429
1,136
1,656
2,468
703
626
617
1,302
r/1,268
2,133
3,327
1,360
1,408
1,122
1,623
2,441
693
6l6
599
1,099
r/1,244
1,852
2,945
1,215
1,282
1,093
1,541
2,216
649
603
561
1,001
1,226
831
2,246
835
918
415
465
1,638
350
302
109
165
r/ 647
829
2,252
834
918
417
467
1,637
351
303
109
165
:/653
837
2,211
814
922
410
467
1,601
344
300
105
155
655
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 4/
1/
4/
r/12,329
r/12,124
11,668
r/6,130
r/6,118
6,067
358
1,155
. 977
1,049
844
712
1,738
987
754
1,605
1,642
r/508
342
1,118
960
1,033
832
702
1,714
974
745
1,578
1,631
340
1,052
903
1,008
828
660
1,633
970
747
1,578
1,459
491
230
1,161
910
810
484
227
975
293
447
212
79
r/ 301
229
1,157
909
810
.
483
227
971
293
448
212
79
r/300
233
1,154
899
815
481
220
957
285
451
209
69
294
Includes any banks in outlying sections of reserve cities which have been
given permission to carry the same reserves as country banks.
See below.
r/ Revised -- see footnote 4/.
;
Footnotes for preceding page (J.l):
1/
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.
4/
Revised on a partly estimated basis to reflect the situation as if the tenporary
acquisition of 22 member and nonmember banks by the Bank of America, N.T. & S.±
had not been- aecomplietred. (Banks acquired on June 24 and reinstated as individual banks on August 7).
J. lb
DEPOSITS, RESERVES, AND 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
Time deposits
1st half
2nd half
1st half
1st half
1st half
2nd half
July 1950
June 1950
July 1949 July 1950 June 1950 July 1949
Country banks in places with population of less than 15,000
Total, all State; 12,329,401r/l2, 123, 5<^rAl, 667,671
f 6,130,398r/6,llfi,405r/6,066,718
New England
245,194
241,243"
361,745
357,09;1 242,683
377,592
Maine
65,467
59,285!
56,325
63,526
63,339
57,923
New Hampshire*
26,671
27,875
71,346
70,25S>
27,356
75,950
Vermont
55,423
47,087
54,958
43,954
43,853i
55,191
Massachusetts
52,604
118,8261
51,348
130,407
124,992
51,553
Rhode Island
1,504
916
882
1,541
78$>
1,549
Connecticut
64,082:
42,321
64,246
43,386
43,508
65,309
Middle Atlantic
2,390,543
2,209,7691 2,308,171 2,303,223 2,295,787
2,330,713
New York
754,418
744,636
742,517
765,940
795,893
730,651
New Jersey
528,642
545,608
548,132
563,714
515,336
547,167
Pennsylvania
1,016,368
1,015,098
1,012,727
1,030,936
1,016,641
963,782
E. North Central
2,494,452
2,453,480
2,355,574 1,680,062 1,674,894 1,662,256
Ohio
506,649
506,171
607,815
617,551
580,734
506,370
Indiana
183,800
179,192
412,233
404,356
397,381
188,253
Illinois
388,912
922,718
899,987
396,055
933,212
396,720
Michigan
360,518
367,141
292,629
334,562
367,281
327,219
Wisconsin
184,843
226,985
196,894
221,727
221,438
191,372
W. North Central
544,640
1,914,638
1,916,610
538,662
544,204
1,946,525
Minnesota
260,081
217,286
218,597
252,843
264,235
216,583
Iowa
314,921
91,124
91,586
317,216
306,135
91,012
Missouri
316,314
311,683
76,956
3#,665
77,104
73,349
North Dakota
82,261
81,143
87,809
30,651
#,635
30,763
South Dakota
150,966
152,949
37,076
151,533
37,096
35,389
Nebraska
42,941
43,612
43,605
317,499
322,975
323,457
Kansas
46,165
484,224
483,150
47,942
473,714
48,034
South Atlantic
1,208,158
1,223,801
589,504
1,159,324
596,653
597,905
Delaware
11,885
17,268
11,834
11,677
17,025
16,773
Maryland
120,060
120,121
165,475
164,535
151,672
119,795
Virginia
216,511
224,630
313,871
308,994
225,167
305,013
West Virginia
80,452
181,396
178,178
84,179
80,309
190,559
North Carolina
121,341
50,848
118,409
118,138
49,221
49,513
South Carolina
18,296
18,264
18,797
76,205
75,311
75,905
Georgia
28,876
90,784
92,742
29,675
87,785
29,639
Florida
62,908
62,584
58,821
212,927
255,803
255,174
E. South Central
626,632
168,298
166,777
617,034
625,712
168,597
Kentucky
270,006
268,076
271,906
47,696
47,928
47,767
Tennessee
171,421
67,489
170,920
68,129
167,789
67,863
Alabama
41,274
134,307
131,886
41,137
38,978
133,830
Mississippi
11,768
11,901
11,742
49,283
49,978
49,976
W. South Central
2,165,332
2,146,230
162,325
150,500
1,969,862
163,001
Arkansas
164,116
167,963
167,061
32,311
32,910
30,723
Louisiana
28,732
28,440
83,633
28,712
83,287
81,595
Oklahoma
38,692
38,640
409,229
401,395
396,766
37,377
Texas
62,590
1,494,487
1,504,507
62,739
53,960
1,327,385
Mountain
182,854
183,108
717,844
708,298
182,487
715,957
Montana
161,024
42,113
40,867
164,219
42,254
159,079
Idaho*
70,014
15,189
16,996
62,834
62,637
15,192
Wyoming
21,644
92,206
21,334
94,098
21,313
95,285
Colorado
49,082
231,871
223,850
49,148
49,141
233,072
New Mexico
110,015
109,263
101,275
13,662
12,415
13,679
Arizona
1,045
4,213
1,047
1,227
4,328
4,330
Utah
44,946
34,646
45,329
35,150
45,813
35,059
Nevada
, 7,407
5,342
7,416
5,549
7,575
5,353
Pacific
r/375,549
364,515 :r/243,896 r/243,046
235,551
rA87.6D0
Washington
80,852
41,646
80,877
41,658
40,918
82,933
Oregon
73,446
25,854
77,258
80,899
25,873
25,922
California* 4/
210,217
:
168,760
r/176,328
r/
217,414
r/223,768
r/175,5#
r/ Revised -- see footnote 4/.
footnote on page J.la.
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