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J.l"

BOARD OF GOVERNORS OF THE FEDERAL RESERVJET SYSTEM
DEPOSITS. RESERVES. AND BORROWINGS OF MEMBER BANKS. FIRST HALF OF JANUARY. I9k8
(Averages of daily- f i g u r e s l / • In millions of d o l l a r s )
Net
Demand
Reserves with F. R. Banks
Gross demand deposits
demand
balances due
Time
depos i t s deposits from domestic
InterOther
Total Required
Excess
Total
banks
bank
£/
1/
16,318
l,2k0
92.602 | 12,30k
6,109
80,298
80,567 28,391
17,558

'7
F^bvueuyy 6 , 1 9 !

Borrowings
a t Federal
Class of bank \
Reserve
and
\ '
Banks
F. R. d i s t r i c t y ^ ' "
All member banks
13k
Central reserve c i t y banksi
New York
21,162
k,320
150
k6
l,k52
k,k70
18,65k
58
25,005
k,351
Chicago
1,020
1,218
k,826
912
1,033
13
156
k,lk9
5,367
9
6*608
kll
Reserve c i t y banks
7,018
29,605
ll,kkk
5,620
28,873
1,998
k5
3k,k92
Boston
I,b85
18
1
%89
388
1,974
370
1,789
197
36
New York
120
1
123
25
582
30k
3
29
509
553
Philadelphia
2,018
2,107
k36
2k7
k51
15
87
7
2,396
379
Cleveland
191
792
889
k,okl
3,5kl
1,397
97
5
507
3,533
Richmond
2
1,862
32
1,800
2,171
k31
133
399
371
k39
Atlanta
kll
32
1,602
2,10k
133
1,773
k09
379
5
503
Chicago
866
821
12
2,lk5
327
k5
1,086
1*91
3,k63
3,59k
S t . Louis
2
23
322
107
389
366
2,050
l,k05
i,73k
615
Minneapolis
10
198
188
181
81
885
1,085
318
766
Kansas City
6
516
k86
300
30
2,881
2,003
363
878
2,319
Dallas
1
2,088
259
1,898
k77
k39
39
636
3k9
2,531
San Francisco
2
6
6
1,878
1,812
318
5.092
8,015
8,589
7,53k
57k
Country banks
666
28,622
5,038
k,37l
1,116
3,898
Ik,583
2k,97k
33
29,738
Boston
201
k2
1,102
2,261
k
2,033
393
351
2,359 1
99
New York
17
798
703
31k
95
3,351
k,086
3,586
91
3,995
Philadelphia
200
k02
350
51
16
2,062
2,0k6
1,803
1,63k
k
Cleveland
28
k 6k
392
307
2,05k
73
3
1,733
2,125
2,397
Richmond
1
312
2,022
867
3k9
300
2,160
1,768
138
k9
Atlanta
ke
375
328
2,038
2,291
705
2,1*83
192
373
Chicago
.101
700
599
2,375
532
78
3,257
3,783
3,861
S t . Louis
2
622
286
25k
32
263
1,860
1,723
i,5k7
137
Minneapolis
1
25k
220
20k
i,2k81
75k
3k
l,kl5
78
1.U93
Kansas City
1
332
286
k6
310
2,320
2,2k3
1,907
390
77
. Dallas
62
209
2,638
379
317
2,17k
577
157
2,795
San Francisco
225
306
273
32
~
25
1,809
1,559
920
i,83U
NOTE* Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash items reported as in process
of c o l l e c t i o n ) of a l l member banks estimated a t 73,650 millions.
For numbered footnotes see next page.




J . la
S

DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS - (Cont'd)
(Averages of d a i l y f i g u r e s . In thousands of d o l l a r s )

Federal
Reserve
district

Time deposits
Demand deposits except interbank!
2nd half
1st half
1st h a l f
2nd half
1st half
Jan. I9k8 Dec. 19k7
Jan, I9k7 Jan. I9k8 Dec. I9k7

1st h a l f
Jan. 19k7

Country banks l / in places with population of 15*000 and over
Total

16,125,137 #16,123,71+9 15,575,077

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San Francisco

1,91k,%2 r / l , 922,072 1,885,616
872,837
869 650 r/868, 688
2,961,919 " 2 , 9 7 7 , 9 0 6 2,831,22? 2,190,366 2,171,06k 2,125,30k
1,127,758
722,173
1,136,686 1,13k,956
7k0,868
735,538
900,962
1.336,935
910,71k
1,352,892 l,3k3»o6k
905,85k
l.llk,718
1,12k,590 1,101,61*9
389,095
39k, 569
393,395
1,590,8^0
1,576,108 1.5k7,596
k88,673
k88,550 . k78,593
2.017,7i49
2,015,89k 1,929,230 :,kl2,39k l,k03,92k 1.327.339
670,115
609,688
313,050
663,809
335,310
336,336
286,161
298,621
6 0 k , 039
299,791
562,739
599,566
10k,118
105,186
518,736
556, k 13
560,796
105,k60
128,876
lk2,5H
1,007,070
1,016,732
900,ksk
lkl.950
1,210,092
610,313
602,755
I,l90,7k3
1,209,19k
613,088

8,503,859 r A k 5 8 , 9 5 k

8,251,563

Country banks in places with population of less than 15,000
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San Francisco

I2,k97,182i y42,kk2,713 12,056,103
3k6,331
1,032,832
918,167
1,059,871
907,267
699,873
1,765,178
1,053,018
811,11k
1,682,569
l,62l,kl5
599,5k7

6.078,92k2-/6,0kk,77l

V3k5,850
351,895
232,789
l,03k,6kl 1,026,2k 1 1,160,635
922,kl6
915,333
893,560
1,061,173 1,060,566
822,356
908,025
909,k76
k72,k65
68k,006
216,082
698,kko
1,756,782 1,678,170
962,901
l,0k2,275 1,011,20k
285,772
811,5kl
7k8,090
k5k,661
l,671,k27 1,587,512
20k,566
l,608,3k7 l.k53,851
66,70k
596,230
615,325
306,k33

r/231,957
1,155,572
887,638
818,2k7
k69,299
213,919
959,228
28k, 3 H
k52,621
20k,115
6k,738
303,126

5,8k0,530
229,16k
l,130,7k7
863,235
803,382
k57,05k
205,600
9H,591
26k,091
k23,7k3
193,009
56,703
302,211

r / Revised.
l / Includes any b&aks in outlying sections of reserve c i t i e s which have been given
permission t o carry the same reserves as country banks. All reserve c i t i e s
have a populatinn of more than 15,000.
Footnotes f o r preceding page ( J . l ) :
l/
2/
3/

Averages of d a i l y closing f i g u r e s for reserves and borrowings and of d a i l y opening f i g u r e s f o r other columns, inasmuch as reserves required are based on
deposits a t opening of business.
Demand deposits subject t o reserve requirements, i . e . , gross demand deposits
minus cash items reported as in process of c o l l e c t i o n and demand balances due
from domestic banks.
Includes some interbank and U.S.Government time deposits; the amounts on c a l l
report dates are shown in the Member Bank Call Report.




t

,lb

DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS-(Cont1 d)
(Averages of d a i l y f i g u r e s ; in thousands of d o l l a r s . Comparability of
f i g u r e s i s a f f e c t e d somewhat by changes in Federal Reserve membership
absorptions, e t c . , p a r t i c u l a r l y in States designated by an a s t e r i s k . )
Demand deposits except interbank
Time deposits
1st half
2nd half
1st half
1st half
2nd half
1st h a l f
Jan.1947
Jan, iqiiB Dec. 1947
Jan. 19^6
Dec.1947
1947
Country banks in places with population of less than 15,000

T o t a l , a l l States 12.U97,182^12,M2,7X3
New England
363*804 r/%62.813
Maine
57,306
57,235
New Hampshire
7k,002
73,339
Vermont*
45,037
44,937
Massachusetts
127,061
127,552
Rhode Island
865
827
y
r/b.LS}
C onnecticut
59,533
Middle A t l a n t i c
2,227,^77 2,255.889
New York
708.991
707,73k
New Jersey
521,416
520,190
Pennsylvania
999,553 1,005:432
E. North Central _LM&888_ Ui&sZlL
' Ohio
595,661
596,287
Indiana
135,849
435,771
Illinois
956,708
951,624
Michigan
307,049
307,097
Wisconsin
197,621
195.992
7i. North Central 2.083e803 2,061,806
Minnesota
266,001
262,958
352=899
353,710
Missouri
323.337
332,163
North Dakota
97,573
100,599
South Dakota
172,817
173,701
Nebraska
352,650
351,453
Kansas
508,022
497,726
South A t l a n t i c
1.245.403 1.236.908
Delaware
18,140
13,475
Maryland
155,714
153:,466
Virginia
332,757
336,502
West Virginia
187,176
189,015
North Carolina
148,661
148,641
South Carolina*
96,117
94,101
Georgia*
104,276
102,188
Florida
202,562
194,420
South Central
701.202
691.056
Kentucky
308,916
302,890
Tennessee
184,535
183,721
Alabama
153,609
151,469
Mississippi
54,232
52,976
W. South Central
2.152.536 2,139,884
Arkansas
171,262
171,300
Louisiana*
87,513
84,405
Oklahoma
417,558
419,187
Texas
1,476,203 1,464,992
Mountain
777.402
778,716
Montana
177,838
178.778
Idaho
84,690
84,184
Wyoming
94,452
94,402
Colorado
247,506
247.779
New Mexico
110,636
110,497
Arizona
4,434
4,464
Utah
49,266
49,885
Nevada*
, 8,580
8,727
Pacific
452.577
448.970
Washington
97,413
96,694
Oregon*
93,329
90,897
C afor
l i f oFRASER
rnia
Digitized
261,835
261,379
r
/
Revised.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

6,078,924 r / 6 , o44,771 5,840,530
243,970
r/^43.080
239.848
369.279
67,195
67,082
66,751
60,750
28,660
28,357
28,578
75,420
56,856
56,637
54,369
47,357
54,550
54,334
125,739
54,939
1,539
1,484
1,519
744
r/34,930
35,170
33.948
59,269
2,294,405 2,249,427
2,238,135 2,306,502
761,943
744,249
706,054
759,737
514,422
515,222
528,855
525,137
1,016,059 1,015,704
1,009,531 990,756
1,674.711
1,583.213
1,667,635
2,4%,859
506,866
586,082
504,549 485,921
176,506
164,981
175,624
426,352
388,001
385,145
348,337
893,103
370,099
309,132
369,326 362,419
933,239
232,991 221,555
194,190
537,428
535.680 498,483
1.934.559
218,667
254,420
217,795 203,556
322,477
95,560
89,978
95,685
69,060
65,568
69,013
321,390
28,956
25,405
87,884
29,484
32,950
146,838
35,550
35,755
40,701
44,o64
324,571
43, 909
44,760
40,325
44,850
476,979
581,651 ^ , 7 6 7
1.252,856
585,934
11,829
11,820
11,780
18,155
125,628
122,670
124,445
154,732
204,673
196,265
203,488
343,330
81,739
81,301
79,226
173,107
51,355
51,165
51.758
155,455
18,390
18,220
16,458
96,461
30,104
102,271
27.759
29,693
62,216
59,811
61,559
209,345
150.902
154.002
155,799
676.046
46,034
45,892
45,263
289,634
62,497
60,784
186,882
62,199
36,377
150,761
34,449
35,893
10,891
10,647
9,777
48,769
130,226
143,105
140,581
1.968,541
29,160
28,902
168,825
28,149
28,151
25,884
78,289
27,939
33,169
31,525
33,035
394,643
52,625
44,668
50,705
1,326,784
182,979
180.793
182.130
747,838
41,361
163,000
39,240
41,127
17,277
17,246
17,262
84,329
21,108
21,069
88,113
19,633
50,047
49,888
49,463
238,471
12,526
12,117
12,527
102,919
1,178
913
3,966
934
33.956
33,818
33,579
49,543
5,526
8,581
5,526
17,497
248,496
241,871
245.607
459.990
42,774
42,322
42,525
93,227
28,685
27,622
27,973
93,102
177,037
273,661
171,927
175.109
12,056,103