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TO BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS, FIRST HALF 0: NOVEMBER 1955 J.l Class of bank and ' Federal Reserve District All Member Banks Central reserve city banks: 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 Total Interbank Other Net demand deposits 2/ Time deposits December 5, 1955 Demand Reserves with F. R. Banks balances due from domestic Total Required Excess banks 6,312 18,907 18,329 578 Borrowings at Federal Reserve Banks 1.16% 114,942 12,917 102,024 99,366 40,555 23,137 6,025 4,036 1,194 19,102 4,831 20,363 5,36l 3,458 1,312 75 106 4,292 1,138 4,245 1,138 46 1 354 94 45,080 2,220 1,099 2,944 5,483 2,728 2,875 5,511 2,557 1,209 3,309 3,553 11,593 6,336 322 36 458 540 450 597 553 697 316 811 842 716 38,745 1,898 1,064 2,486 4,943 2,277 2,279 4,958 1,860 893 2,498 2,711. 10,878 38,649 1,986 964 2,509 4,812 2,336 2,399 4,745 2,154 991 2,719 2,898 10,138 16,344 236 491 351 1,962 587 523 2,564 421 203 469 738 7,801 1,913 27 30 113 168 111 175 255 113 42 252 334 294 7,820 370 198 469 969 448 466 994 409 190 519 567 2,220 7,774 369 198 469 964 450 458 982 409 188 513 558 2,215 46 1 586 21 21 55 71 23' 60 54 34 4l 42 33 130 -1 5 -2/ 8 12 1 2 7 9 5 19,441 Country banks 4,217 485 40,699 5,657 5,171 131 1,352 34,993 39,347 1,204 Boston 209 447 123 419 3,431 3,308 27 2,993 23 661 6,040 New York 4,153 63 5,443 385 923 6,173 133 23 420 Philadelphia 386 2)403 11 1,953 249 2,741 34 23 2,719 444 2,107 26 2,822 Cleveland 298 3,180 493 49 3,205 7 1,214 2,308 382 44Richmond 2,631 334 338 143 2,774 5 / 1 , 0 6 1 440 416 20 Atlanta 3,021 452 36 3,602 272 3,331 3,606 Chicago 638 874 102 5,131 78 13 5,827 796 5,929 260 264 St. Louis 62 2,080 285 2,142 1,837 25 3 799 6 940 21 203 Minneapolis 233 1,803 1,552 78 1,725 255 629 361 Kansas City 318 12 43 122 2,385 2,832 397 2,709 6 403 Dallas 50 453 529 583 3,560 3,137 237 3,797 1,246 218 San Francisco 298 l,96l 15 313 3 2,238 2,271 33 NOTE: 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 $8$ i,250 million. For numbered footnotes see next page. Digitized . for FRASER J.la DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS -- Continued (Averages of daily figures. Federal Reserve District In millions of dollars) Demand deposits except interbank 1st half 2nd half 1st half Nov. 19551 Oct. 19551 Nov. 1954 Time deposits 1st half 2nd half 1st half Nov. 19551 Oct. 19551 Nov. 1954 Country banks in places with population of 15,000 and over 1/ Total 1 25,676 25,607 24,944 12.096 12,093 11,747 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 1 ! i ! ! 2,908 4,535 1,537 1,940 1,649 2,507 3,766 1,040 858 2,941 4,486 1,537 1,93b 1,631 2,494 3,778 1,012 851 1,112 2,024 1,805 2,830 4,494 1,449 1,819 1,603 2,351 3,630 999 832 1,102 2,001 1,835 970 2,755 891 1,164 630 731 2,432 440 407 305 387 984 972 2,755 890 1,164 631 733 2,426 439 406 304 386 987 960 2,680 857 1,115 621 689 2,310 432 399 282 365 1,039 i 1,987 1,820 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 | 13,671 401 1,505 1,182 1,240 982 824 2,04l 1,040 868 1,598 1,573 418 13,570 403 1,492 1,201 1,241 964 812 2,040 1,049 857 1,583 1,517 4ll 13,487 376 1,430 1,172 1,180 936 764 2,019 1,045 853 1,628 1,564 522 7,345 7,340 7,172 234 1,398 1,062 943 584 330 1,173 360 533 323 142 261 234 1,397 1,074 941 582 328 1,171 360 532 322 139 260 227 1,327 1,055 920 555 298 1,157 345 517 306 124 339 l/ Includes any banks in outlying sections of reserve cities which have been given permission to carry the same reserves as country banks. 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. J.lb DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER B A M S — Continued (Averages of daily figures; in thousands of dollars. Comparability of figures is affected somewhat by changes in Federal Reserve membership, absorptions, etc. Time deposits Demand deposits except interbank 1st half 2nd half 1st half 1st half 1st half 2nd half Nov. 1955 Oct. 1955 Nov. 1954 Nov. 1955 Oct. 1955 Nov.. 1954 Country banks in places with a population of less than 15,000 Total, incl„Alaska 13,670,766 13,570,265 13,487,353 7.344.742 7.339,573 7,172,142 Total, all States 13,668,049 13,567,560 13,485,294 7.342.310 7,337,151 7,169,978 247.737 248,123 240,305 New England 424,906 427,219 399,276 62,659 65,440 65,704 Maine * 57,602 68,197 67,146 27,926 28,806 28,694 New Hampshire 61,974 65,980 65,156 64,558 67,089 67,082 Vermont 60,808 61,850 59,767 46,568 47,216 46,729 Massachusetts 162,834 156,097 164,617 1,654 1,758 802 1,769 Rhode Island 785 778 36,630 37,814 Connecticut * 66,401 63,034 37,759 67,573 2,620,291 2,705,037 2,695,300 Middle Atlantic 2,851,348 2,935,104 2,942,564 887,719 954,661 956,301 New York * 994,152 1,041,370 1 , 0 3 9 , 1 1 6 610,220 607,9^6 609,858 New Jersey 701,978 720,541 735,220 Pennsylvania * 1,158,514 1 , 1 8 2 , 9 0 7 1,155,218 1,129,141 1,140,156 1,124,596 1,971,785 E. North Central 3,060," JtlL 3,070,331 2,968,645 2,014,505 2,010,511 604,C26 626,312 Ohio 627,505 750,871 807,857 806,339 225,954 237,202 Indiana 481,430 238,091 495,188 493,368 502,305 515,139 514,866 Illinois 1,145,764 1,145,111 1,126,542 384,497 379,574 Michigan * 360,474 381,340 361,550 357,743 255,003 252,284 Wisconsin 2 6 0 , 6 2 5 249,328 252,703 257,263 673,624 693,569 W. North Central 694.739 2.065.195 2,056,893 2,082,049 256,264 262,540 263,083 Minnesota 302,252 312,037 317,572 120,120 121,445 121,373 Iowa 346,219 344,900 354,905 96,364 101,961 102,559 Missouri 354,722 354,120 355,772 36,514 36,710 North Dakota 36,743 94,469 95,009 94,093 39,969 41,997 41,967 131,844 South Dakota 128,725 131,299 52,376 51,894 51,863 Nebraska 341,964 355,238 341,391 72,027 77,022 488,079 77,151 Kansas 479,932 479,595 708,329 756,152 753,256 1,409,064 1,386,773 1,327,611 South Atlantic 12,781 13,063 13,103 18,304 18,713 Delaware 18,399 125,538 135,013 135,749 167,358 Maryland 177,419 177,880 281,730 296,131 297,157 382,410 360,369 Virginia 374,442 88,741 188,020 90,293 90,599 188,244 192,714 West Virginia 49,666 50,792 142,484 50,934 144,168 149,588 North Carolina 20,018 20,022 20,144 South Carolina 98,387 95,588 97,380 32,717 33,980 33,718 114,881 107,310 113,241 Georgia * 114,486 114,224 97,138 248,178 274,952 Florida 273,019 211,lol 224,481 225,215 619,018 629,064 630,290 E. South Central 6l,opo 64,211 243,361 246,704 Kentucky 64,359 238,098 88,136 166,961 164,104 94,977 Tennessee 95,336 163,515 52,400 49,653 158,646 168,899 Alabama 52,583 174,210 12,232 12,893 50,050 Mississippi 50,583 12,937 53,241 230,4=0 254,779 258,701 W. South Central ,993,426 2,045,650 2,063,550 34,3:2 151,366 39,970 Arkansas 148,515 39,557 155,255 41,174 37,632 41,567 117,467 124,652 Louisiana 128,817 59,365 64,300 63,969 345,242 Oklahoma 336,513 346,434 1 0 9 , 6 6 6 99,071 Texas 113,277 1,433,044 1,383,746 1,431,575 243,551 255,313 761,066 256,294 792,803 Mountain 776.254 59,421 213,478 55,13: Montana 59,621 210,714 205,987 17,342 18,198 43,602 18,265 Idaho 43,146 43,553 27,890 29,444 112,458 29,626 Wyoming 105,085 108,859 77,810 250,266 75,53: Colorado 78,139 247,823 249,202 18,5# 23,368 95,600 .New Mexico 23,549 92,541 96,511 2,08o 1,820 1,820 Arizona * 7,012 6,390 6,623 39,024 41,791 Utah 51,650 41,771 53,944 54,521 8,02" 3,46l Nevada * 6,150 18,737 3,503 6,271 270,46c 192,082 Pacific 398,894 193,667 298,998 3QM3? 45,488 45,59: 45,245 Washington * 85,230 80,109 79,910 20,724 36,703 20,331 Oregon * 51,702 51,969 73,539 188,1^4 126,506 127,455 California * 240,125 167,386 172,357 2,164 2,432 2,422 Alaska 2,717 2,705 2,059i