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r • • • ? • • I BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM , DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FOR THE BIWEEKLY PERIOD ENDED FEBRUARY 8, 1961 (Averages of daily figuresi/. In millions of dollars) February 24, 1961 Demand BorrowReserves Class of bank 1 Gross demand deposits Net demand Time balances With Currency ings at I — and Inter-| U. S. deposits 2/ deposits due frcm F. R. and coj'.-i Required Excess F. R. Total F. R. District Other bank j Govt. dcm.bks. Banks total Banks All member banks 122,746 13,736 3,592 105,4l8 103,769 6,944 16,530 59,783 2,426 3/18,397 3/558 122 Cent. res.city bks.: 24,468 New York 80S 4,358 19,302 20,397 u 5,558 98 3,463 185 3,643 7 6,026 1,176 Chicago 4,655 195 1,693 102 5,275 18 2 927 30 955 40,0l4 6,714 1,362 Reserve city banks 47,755 2,o84 39,679 23,259 4o 7,071 7,765 50 735 2,3b> 62 Boston l,9bb 2,090254 337 1 -'32' 19 3t>B 339 1,067 New York 49 942 647 162 983 26 188 35 33 2,462 100 Philadelphia 3,035 2, 563 4l4 473 723 -1 43 459 99 5,582 181 4,878 Cleveland 4,909 523 2,927 849 110 16 183 956 3 3,216 444 102 2,670 Richmond 2,719 426 915 494 159 71 3 3,440 82 Atlanta 2,633 2,736 725 253 455 50 499 959 5 4,014 Chicago 4,748 210 3,982 556 2,629 185 703 94 794 9 3 64 St. Louis 2,562 746 2,127 1,752 6 567 2 132 352 29 379 1,258 Minneapolis 898 1,005 326 285 4l 10 180 2 172 35 3,468 Kansas City 885 2,500 2,784 8 83 8 727 274 471 496 33 1,011 66 Dallas 3,856 2,985 4lo 2,778 1 1,343 528 560 39 7 640 11, l4o San Francisco 12,176 11,283 8 342 2,402 13,159 8 283 211 2,199 : J.l : , Country banks 38,082 4,660 44,497 1,487 1,227 41,782 29,274 1,476 5,069 Boston 3,6l6 108 1,483 124 203 346 137 3,371 3,139 New York 6,218 4o4 7,012 211 6,667 872 244 6,073 133 Philadelphia 2,886 28 101 2,522 340 2,757 267 2,733 125 Cleveland 106 3,160 2,763 2,741 3,027 304 l4i 27 374 Richmond 2,201 2,621 2,427 270 115 1,572 107 305 79 Atlanta 4,143 418 289 3,471 89 1,877 524 l4i 3,765 Chicago 6,063 6,687 868 7,036 740 151 198 5,917 236 St. Louis 2,260 68 1,146 288 2,138 66 258 1,933 53 Minneapolis 1,602 1,724 1,386 240 1,855 46 76 199 55 Kansas City 140 466 2,674 2,964 1,136 3,203 67 357 99 Dallas 60 4,036 1,287 421 3,191 277 3,699 98 752 San Francisco 66 2,669 2,305 81 47 2,556 1,925 207 306 NOTE: Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash process of collection) of all member banks amounted to $93,385 million. For numbered footnotes see next page. 48 6,033 512 6 4 % .. 19 1,050 65 9 6 25 439 46 469 3 4 343 35 4 . 48 510 8 80 1,023 2 289 35 2 262 25 2 47 378 447 72 14 373 — items reported as in '2fr J • la DEPOSITS, RESERVES. AND BORROWINGS OF MEMjBSR BANKS -- Continued (Averages of daily figures. In mlllitos of dollars) Federal Reserve District Demand deposits ex ept interbank Time deposits and U. S. Cor ernment J"BH • 26 -Jan. 12-: 5, Jan. 28- Jan. 2£- Jan.12-25, Jan. 20Feb.10,1960 1961 Feb.8,1961 Feb.10,1960 Feb.8;ll6l 1961 Country banks In ; laces /with population of 15*000 and over 1/ 2/ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 29,561 r/30.2?; 3,022 5,526 1,698 1,936 1, 561 2,978 4,912 1)119 9C0 1,314 2,269 2,327 5>6'6 1,7 7 1,9 '2 >,5.7 l/3,0 0 5,015 1,166 923 1,341 2,293 2,405 28,754 19,96!' r/19,863 17,544 2,927 5,381 1,665 1,9?-. 1,6.9 1,2c 4,62( 1,35! ,1,194 l/4,6l2 l,55p 1,55k # 815 r/l,407 4,462 617 655 552 934 1,713 1, 111 4,260 1,192 1,456 797 1,278 3,451 573 615 485 773 1,553 r& 1,.U6 *381 1 278 r.,272 2,279 1, hQl 4,49S 621 652 961 1,717 Country "banks in places with population of less than 15,000 Total 12.221 1/12,417 12,413 Q.905 l/9,272 8,775 Boston 274 . 280 350 356 280 349 1,410 New York tl 1,452 1,165 1,252 1,141 1,447 Philadelphia 1,315 1,078 1,102 1,373 1,059 1,378 Cleveland 1,111 1,182 1,112 1,121 1,184 1,091 .75° Richmond 747 886 912 867 754 Atlanta 419 1/459 I/78I 757 786 473 Chicago 1,326 1,802 1,415 1,781 1,417 1,775 St. Louis 485 1,045 1,063 523 1,019 525 Minneapolis 708 830 732 839 824 733 Kansas City 508 1,680 574 1,571 1,650 579 Dallas 1,441 324 1,445 277 1,430 326 San Francisco 20 8 194 229 233 208 229 xj Revised 1/ 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. 2/ Classification by population is based on the i960 census; comparative figures for I960, previously reported on the basis of the 1950 census, have been revised. 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/ Revised weekly figures compared with those given in published weekly statements: Feb. Feb. Feb. Feb. 1 8 . 152/ 222/ p/ Preliminary. Required reserves Excess reserves Free reserves 18,4l6 18,378 18,201 18,298 546 § 775 480 390 461 668 -J-.lb DEPOSITS, RESERVES, M B BORROWINGS CP 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.) rfcry hanks "bfinksin ir> "Demand deposits /SATinai "kaexcept &Yr*{yr>+'. •JnfDr'KonV I Country interbank Time deposits places with a popand U. S. Government ulation of less J"an. 2^- Jan.12-25, Jan. 28"- Jan. 26- Jan.12-25, Jan. 26than 15,000 g/ Feb .8,1961 FebJD,i960 Feb.8,1961 1961 Feb.10,1960 1961 'Total 12,220 .7 r/12,416.9 12,412.8 1 9,305.0 r/9,272^2 "8,77-5. -liL Total, all States 12,213"3 1/12,409.9 ' "127^05.0 9,292.7 r^72S9.6 2765:2. Nev England 340.9 260% 274:2 349.7 355.9 279.9" Maine * 51.1 tttt" tttt 59.0 75-5 New Hampshire 56.5 58 '1 54.7 37.7 37.3 33-9 Vermont 54.9 94.0 97.4 98.7 53.5 Massachusetts 151.3 154^4 50.4 147.2 50.1 47.6 Rhode Island Connecticut * 35.1 23.0 22.9 35-4 23.2 35.3 Middle Atlantic 2,458.5 2,505.2 !, 624.2 3A57.2 3,038.8 3,155.7 New York 755.0 914.6 885.8 "33575 913.5 W T New Jersey 684.5 702.1 818.9 706.8 822.9 779-0 Pennsylvania 1,019.0 1,037.8 1,081.9 1,423-7 1,419-3 1,374.0 E. North Central 2,677.0 2,723.8 2,708.1 2,457.3 2,304.4 2,453.6 Ohio 669.5 663.5 680.7 749.9 tWTT* 707.6 Indiana 463.6 471.1 328.0 469.3 327.2 299.8 Illinois 976.3 611.6 992.0 562.8 609.9 983.5 Michigan 332.1 478.8 338.0 449.1 477.4 333-8 Wisconsin 235.5 240.8 239.2 289.0 290.0 285.1 W. North Central 1,993.9 2,027.0 990.7 1,977 986.1 938.6 Minnesota 296.7 302.0 294.8 33B.3 329.7 337.7' Iowa 317.7 144.9 144.6 321.3 317.8 142.9 Missouri * 352.5 380.0 368.3 159.6 148.0 158.9 North Dakota 80.8 82.7 51.4 83.4 51.4 50.4 South Dakota 128.1 68.4 129.7 68.2 127.5 64.6 Nebraska 325.2 325.7 315.4 73.5 65.9 72.5 Kansas 492.9 154.6 152.8 . 497.3 458.9 137.1 South Atlantic 1,270.1 g/l,288 .3 1,299.0 973.2 _ £ Z ? % o _ 940.6 Delaware "3^8" 37T 3.9 — z n r 3.9 Maryland * 93-6 118.0 140.0 148.6 93.9 117.7 Virginia 397.1 4o4.l 416.1 414.5 389.5 398.6 West Virginia 182.8 187.1 186.1 134.2 121.6 133.5 North Carolina 103.0 107.2 54.4 104.7 52.8 47.7 South Carolina 103.1 .106.5 104.7 38.8 38.7 37-7 Georgia 91.2 63.0 If 93.3 91.7 l/ 64.1 •Florida 295.5 292.4 144.3 278.4 139.4 E. South Central 631.4 I/634.O 628.2 351.2 r/34o .6 Kentucky 252.1 262.9 259.7 "9^2 95.7 Tennessee 162.4 166.9 140.6 161.8 140.3 131.3 Alabama 160.8 r/l51.8 91.7 147-3 1/82.1 75 -o Mississippi 56.1 22.7 55.6 56.2 22.5 20.7 W. South Central 1,962.2 1,983.7 1,969.6 546.0 475.6 Arkansas 160.9 164.2 161.1 - % § 68.4 "751 Louisiana 107.7 51.0 109.5 110.3 51.0 46.9 Oklahoma 400.2 408.8 150.4 391.0 148.9 133.7 Texas 1,293.4 1,301.2 270.0 1,307.2 267.8 226.6 Mountain 708.5 726.2 387.1 683.9 344.1 Montana 195. 116.4 199.8 199.4 106.2 - m Idaho 29.1 29.4 17.6 28.7 17.7 17.4 Wyoming 112.5 117.6 110.9 57.4 57.0 52.5 Colorado 243.5 248.2 220.1 111.9 111.8 92.1 New Mexico 91.2 89.4 93-8 39.4 39.3 33-8 Arizona 5.8 6.0 4.7 4.3 3.9 Utah 28.1 36j 28.9 28.5 36.2 34.4 Nevada 2.4 2.2 2.5 3.8 3.8 Pacific 163.3 165.8 164.5 145:9 146.3 134.2 5 Washington 51.6 51.7 45.2 51.2 45.3 43.8 Oregon * 25.1 19.1 25-9 30.6 20.0 19.1 California 52.7 54.9 53 «6 53-9 53-6 50.0 Alaska 33.9 29.1 27.7 33.3 20.4 28.3 Virgin Islands 7.0 6.9 12.5 7.9 12.5 9.1 £/ Revised.