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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