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,
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FOR THE BIWEEKLY PERIOD ENDED DECEMBER 28, i 9 6 0
I
(Averages of d a i l y f i g u r e s ! / • In m i l l i o n s of d o l l a r s )
J a n u a r y l6> 1961
Demand
Reserves
Borrow•
CIgss of "bank
»
Gross d.6m€Lncl d e p o s i t s
Net demand
balances
With
Time
Currency
ings a t
d
e
p
o
s
i
t
s
2
/
I
n
t
e
r
u
.
s
.
d
e
p
o
s
i
t
s
due
from
F, R. and c o i n Required Excess
1
F . R.
F . R. D i s t r i c t
j
Total
Other
Govt.
bank
dom.bks.
Banks
total
Banks
All member banks
108,488
106,410
127,520
4,475
7.462
16,805
2,649
14,556
58,236
3/18,729
3/724
62
Cent. r e s . c i t y b k s . :
New York
4,432
988
21,030
20,135
25,555
113
5,378
229
3, 532
22
3,739
7
Chicago
6,29k
1,267
285
4,742
5,409
1,569
113
938
33
1
971
4
Reserve c i t y banks
50,072
1,710
41,056
41,305
7,306
2,245
22,523
7,219
790
7,942
67
12
Boston
2,445
2,011
228
362
2,154
72
22
23
345
#7
New York
1,106
44
44
1,019
649
47
158
32
953
190
Philadelphia
io4
3,161
2,611
2,540
4l4
518
658
115
464
51
2
Cleveland
2,868
206
245
5,124
5,906
5,085
119
875
577
989
5
Richmond
2,686
494
420
3,283
103
2,722
858
76
175
492
5
Atlanta
814
3,620
2,714
2,830
469
91
258
930
52
513
7
Chicago
624
4,086
4,969
4,151
102
185
716
259
2,549
812
2
5
S t . Louis
844
2,743
1,812
87
2,223
544
138
365
33
394
4
5
Minneapolis
1,018
4i
10
1,312
45
172
182
343
273
925
1
1
Kansas C i t y
2,620
3,619
2,819
902
98
472
698
294
500
37
4
9
Dallas
4,065
1,101
2,870
3,081
4i
1,270
540
94
475
572
9
San F r a n c i s c o
468
11,618
288
13,843
685
12,690 '
2,272
10,998
215
2,467
20
—

J .1 6

Country b a c k s
38,666
1,492
42,556
28,766
45,598
1,551
5,116
4,990
1,596
6,078
38
633
Boston
3,214
129
145
1/449
142
3,456
225
3,731
T
353
453 1 \ 36
New York
8
1
*
8
261
7,096
6,270
4
0
7
129
6,705
277
5,995
1,055
9
73
Philadelphia
114
2,667
2,687
298
3,077
29
2,934
358
138
2
4l
454
Cleveland
2,852
2,704
342
3,299
30
131
384
3,137
1
153
60
477
Richmond
2,774
94
2,545
2,299
1,554
283
135
343
115
2
45
354
Atlanta
4,213
1,836
311
113
3,473
417
148
565
3,789
7
56
509
Chicago
162
246
806
7,213
6,150
6,805
5,808
887
252
1,028
110
5
S t . Louis
2,198
1,960
72
65
1,125
2,335
327
259
71
292
38
Minneapolis
1,640
1,912
64
208
83
246
1,765
1
1,373
51
265
31
Kansas C i t y
102
2,650
1,107
143
2,952
3,197
477
356
5
69
52
373
Dallas
4,031
74
1,224
1
273
3,683
768
3,157
415
100
44o
74
San F r a n c i s c o
2,722
I
82
1,904
2,587
2
,
3
3
3
2
2
5
16
53
311
80
—
375
TvTfYitti' • Demand
TVwn
inv* A
NOTE:
d eA
p o s i t1s 4.a«d•«j u s t e d (demand d e p o s i t s o t h e r t h a n i n t e r b a n k and United S t a t e s Government, lesF"ce,uh items r e p o r t e d a s i n
p r o c e s s of c o l l e c t i o n ) of a l l member "banks amounted t o $94,839 m i l l i o n .
For numbered f o o t n o t e s see n e x t p a g e .




">9
J.la

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

Federal
Reserve
District

Demand d e p o s i t s except i n t e r b a n k
Time d e p o s i t s
and U. S . Government
Dec.15-20, IDec. 1-14, (Dec.16-30, Dec.15-2b, Dec. 1 - 1 4 , IDec.16-30,
I960
I960
I960
I960
1959
1959
Country t a n k s i n p l a c e s w i t h p o p u l a t i o n of 15,000 and over l /

Total

28,539

28,077

27,877

18,383

18,293

16,342

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

3,072
5,148
1,833
1,916
1,560
2,677
4,731
1,078
883
1,233
2,137
2,271

2,978
5,121
1,721
1,920
1,508
2,645
4,670
1,074
884
1,196
2,098
2,261

3,029
5,106
1,749
1,987
1,631
2,752
4,057
1,074
859
1,185
2,228
2,222

1,169
4,056
1,346
1,475
777
1,202
4,184
569
619
506
851
1,627

1,168
4,051
1,341
1,470
744
1,199
4,173
569
618
506
842
1,612

1,100
3,830
1,191
1,383
761
1,108
3,201
536
588
452
695
1,497

Country "banks i n p l a c e s w i t h p o p u l a t i o n of l e s s t h a n 15,000
Total

14,016

13,998

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago"
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

384
1,557
1,101
1,222
984
1,112
2,073
1,120
882
1,719
1,546
316

387
1,549
1,099
1,224
964
1,092
2,081
1,129
898
1,698
1,556
319

14,201
387
1,546
1,130
1,228
1,046
1,086
2,084
1,170
883
1,716
1,596
328

10,383

10,335

9,812

280
1,938
1,341
1,229
777
634
1,624
555
754
601
372
277

280
1,935
1,338
1,225
759
631
1,620
556
752
591
370
277

276
1,820
1,277
1,152
783
589
1,520
524
732
539
329
269

1 / I n c l u d e s any "banks i n o u t l y i n g s e c t i o n s of r e s e r v e c i t i e s which have been given
p e r m i s s i o n t o c a r r y t h e same r e s e r v e s a s c o u n t r y b a n k s ; a l s o i n c l u d e s member
banks i n Hawaii.
F o o t n o t e s f o r p r e c e d i n g page ( J . l ) :

'

1 / Averages of d a i l y c l o s i n g f i g u r e s f o r r e s e r v e s with F . R. Banks and borrowings
and of d a i l y opening f i g u r e s f o r o t h e r columns, inasmuch a s r e s e r v e s r e q u i r e d
a r e "based on d e p o s i t s a t opening of b u s i n e s s .
2 / Demand d e p o s i t s s u b j e c t t o r e s e r v e r e q u i r e m e n t s , i . e . , g r o s s demand d e p o s i t s
minus cash i t e m s r e p o r t e d a s i n p r o c e s s of c o l l e c t i o n and demand b a l a n c e s due
from domestic "banks.
3 / Revised weekly f i g u r e s compared with t h o s e given i n p u b l i s h e d weekly s t a t e m e n t s :

Dec. 7
Dec. 14 .
Dec. 2lSt.
Dec. 282/
2>/ P r e l i m i n a r y .




Required
reserves

18,216
18,224

18,706
18,753

Excess
reserves
699
707
755
695

Free
reserves

I

646

/tea
J .lb
DEPOSITS, RESERVES, AND BQBROWII'IGS OF MEMBBR BANKS — Continued
(Averages of d a i l y f i g u r e s ; i n m i l l i o n s 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 i n F e d e r a l Reserve membership, a b s o r p t i o n s ,
e t c . , p a r t i c u l a r l y i n S t a t e s or o t h e r a r e a s d e s i g n a t e d by an a s t e r i s k . )
Country banks i n
Demand d e p o s i t s except i n t e r b a n k
Time d e p o s i t s
p l a c e s with a
and U. S . Government
p o p u l a t i o n of
Dec. 1 - 1 4 , I D e c . 1 6 - 3 0 , Dec.15-28,1 Dec. 1-14, IDec.16-30.
Dec .15-2
l e s s t h a n 15,000
3.960
I960
1959
I960
I
I960
1959'
Total
14.03.675" 1 3 , 9 9 3 . 2
10.382,5
10,334.9
975I1T7
Total, a l l States
10,322-7
9TB02.7
14,193-7
1 4 , 0009.4
09.4
13,991c 2
10.370.2
New England
386.8
3§4T
280.0
276.3"
279.8
Maine *
73.8
58.1
78.3
73-7
• W
New Hampshire
36.9
71.9
76.3
36.7
72.5
33.9
Vermont
96.4
56.2
55.0
96.5
93.4
56.3
Massachusetts
50.2
163.1
158.3
l6l.6
47.9
50.3
Rhode I s l a n d
Connecticut *
22.8
22.7
22.6
35.1
35-6
35-9
Middle A t l a n t i c
3,592.7
2,943.1
3,399.7
2,913.8
2,920.4
J , 599-5
New York
1,2G27T
1,10t
1,115.2
1,355.5
1,121.7
1,356.9
New J e r s e y
861.3
811.5
744.0
752.3
863.4
751.3
Pennsylvania
1.046.3
1,090.7
1,325.3
1,375-9
1,047.4
1,379.2
E . North C e n t r a l
2,712.4
3.134.4
2, 550.9
3,123-6
3,107.4
2.718.1
Ohio
T05.7
"758.1
79774
779-2
788.9
807.5
Indiana
498.O
500.4
324.8
303.7
326.7
493.7
Illinois
1,210.6
1,208.3
765.7
713.3
1,184.7
767.7
Michigan
470.6
505.8
361.7
360.7
365.2
505.7
Wisconsin
269.0
310.4
305.2
272.7
274.9
310.5
W. Worth C e n t r a l
1,002.7
2,094.7
1,043.1
2,132.4
2.103.5
1.046.4
1 lanesota
347.6
342.5
327.5
334.2
354.6
353.9
lex-re.
156.4
156.7
336.8
156.7
339-3
339-1
Missouri *
164.0
366.0
155.6
164.1
393-1
367.0
North Dakota
58.7
95.2
94.9
57.5
92.9
58.7
South Dakota
64.9
67.1
129.1
130.9
128.7
67.4
Nebraska
68.6
358.2
76.1
338.6
75.9
Kansas
8 2
488.2
166.8
152.1
168.8
503.0
South A t l a n t i c
1,542.8
1,632.9
1,567.6
1,069.7
1,073.7
1,089.3
Delaware
4a
4.1
37T"
4.2
3-9
Maryland *
118,1
119.8
158.6
169.7
125.2
123.7
Virginia
418.6
441.6
438.0
423.5
439.6
427.0
Vfest V i r g i n i a
201.3
189.7
122.9
129.6
193-0
132.5
North C a r o l i n a
61.6
154.5
147.1
68.6
137.7
65.3
South C a r o l i n a
95.1
31.6
98.7
32.5
97.4
32.6
Georgia
60.4
68.2
120.5
127.6
122.8
68.3
Florida
44o.o
435.6
229.3
215.3
437.9
230.9
E . South C e n t r a l
743.0
727.9
752.5
370.5
395.9
396.2
Kentucky
101.1
274.9
29879
286.7
109.5
108.9
Tennessee
187.2
211.6
156.2
196.9
147.3
156.9
Alabama
181.7
180.4
98.8
92.0
183.3
99-0
Mississippi
74.4
30.1
31.4
73.6
73-8
31.4
W. South C e n t r a l
2,138.5
2,181.5
617.4
551.6
J2X.4_
Arkansas
176.0
177.2
174.1
6
9.0
7
9
.
4
79-7
Louisiana
84.6
178.5
180.5
180.5
91.3
91.3
Oklahoma
389.8
127.6
141.3
148.8
393.4
397.8
Texas
1,431.6
270.4
1,393-0
305.4
1,382.9
307.6
Mountain
801.8
787.2
396.8
367.3
790.4
.398.4
Montana
208.0
112.8
104.1
202.6
207.3
113.6
Idaho
27.8
27.6
17.4
28.4
17.9
17.9
Wyoming
121.4
116.1
52.0
117.2
55.8
56.1
Colorado
274.2
115.1
108.1
279.5
278.3
115.3
New Mexico
124.1
124.5
124.7
43.7
Arizona
6.6
4.0
6.2
4.9
1 3
Y>
Utah
31.8
34.2
30.3
35.9
30.5
36.0
Nevada
2.6
2.3
3.8
,2,5
3.9
3.9
Pacific
249.8
248.2
263.2
210.0
214.7
215.1
Washington
40.6
52.2
T P T
51-9
47.7
Oregon *
30.6
21.2
23.6
39.8
30.3
21.3
California
134.1
122.6
118.1
136.4
133.6
123.2
Alaska
20.6
29.6
33.2
30.0
30.3
Virgin Islands
1:5
12.4
9.0
12.4
7-1
7-6