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J.l Class of "bank and F.R. district - - AwkA 1>vf RESEARCH DEPART MTNT BO>itu) OF GOVERNORS OF 1 FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS, SECOND HALF OF DECEMBER 19^9 o g ]g5g Jam; iry 19, I95O (Averages of daily figures l/. In millions of dollars) n-.Ddn.\l ; EycnvE bank Gross demand deposits Net Demand Time demand balances due Interdeposits deposits from domestic Required Excess 3/ bank banks 2/ 11,366 81,724 81,300 29,100 5,707 16,369 15,533 836 93,090 All member banks Central reserve city banks; 41 4,470 16 17,863 19,854 1,715 4,454 New York 21,755 3,893 122 1,070 1,152 Chicago 1,124 4,382 2 1,151 5,506 4,987 6,286 1,787 11,629 191 29,928 30,629 6,095 35,332 5,403 Reserve city banks 2,028 4 Boston 268 34 1,760 1.845 190 342 345 181 New York 38 314 987 30 875 173 956 7 Philadelphia 362 217 389 2,352 1,990 2,073 383 79 5 Cleveland 480 1,482 163 4,271 15 772 3,791 3,793 757 Richmond 1.846 105 2,132 430 22 346 1,786 375 353 Atlanta 428 124 1,624 2,093 469 1,767 15 354 339 Chicago 46l 2,005 760 782 22 4,257 3,663 273 3,796 St. Louis 2,170 666 363 1,504 1,855 13 351 338 97 Minneapolis 1,062 180 169 889 172 271 791 57 3 Kansas City 800 2,936 267 476 451 2,136 2,405 25 3# Dallas 424 668 2,745 417 295 459 2,077 2,239 35 8,300 San Francisco 256 1,617 5,271 1,592 583 25 7,717 7,379 Country banks 4,46l 14,686 30,497 627 946 3,834 25,831 29,551 3,757 Boston 186 3b0 319 4l~ 1,056 2,552 T 90 2,462 2,222 New York 297 697 624 74 4,324 88 4,236 3,820 3,304 Philadelphia 226 376 323 53 2,294 17 2,277 1,997 1,675 Cleveland 281 398 336 63 2,433 21 2,411 2,088 l,f ~ Richmond 266 305 255 49 2,112 113 1,999 1,761 881 Atlanta 344 315 276 40 2,435 177 2,258 2,017 673 Chicago 529 645 548 97 4,118 71 4,047 3,505 2,542 St. Louis; 266 243 206 37 1,747 54 1,693 1,453 626 Minneapolis 189 220 189 31 1,484 69 1,415 1,263 750 Kansas City 376 290 243 48 2,288 66 2,222 1,891 316 Dallas 590 356 286 70 2,920 151 2,769 2,286 232 San Francisco 209 256 230 • 25 1,790 29 1,76I1 1,529 932 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 73,200million dollars. For numbered footnotes see next page. J. la DEPOSITS, RESERVES, AM) BORROWINGS OF MEMBER BAMS - (Cont'd) Federal Reserve district (Averages of dally figures. In millions of dollars) Time deposits Demand deposits except interbank 2nd half 1st half 2nd half 2nd half 1st half 2nd half Dec. 1949 Dec. 1949 Dec. 1948' Dec. 1949 Dec. 1949 Dec. 194C Country banks in places with population of 15,000 and over l/ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 17,332 17,195 r 16,884 8,679 8,671 8,680 2,115 3,153 1,339 1,389 1,139 1,592 2,364 680 636 591 1,098 1,235 2,092 3,126 1,299 1,379 1,134 1,586 2,358 681 640 578 1,070 1,251 1,946 3,043 1,293 1,356 1,154 1,580 2,277 r 657 620 580 1,069 1,310 828 2,167 796 895 406 456 1,588 342 301 106 158 636 828 2,159 793 895 4o6 456 1,584 341 300 106 157 643 845 2,182 799 886 . 391 465 1,576 335 299 104 149 651 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 12,219 12,280 r 12,380 * 6,007 6,000 6,009 347 1,083 938 1,022 860 6# 1,683 1,013 780 1,630 1,671 526 356 1,098 946 1,018 868 667 1,688 1,011 796 1,629 1,666 538 351 1,059 924 1,056 909 681 1,708 rl,032 811 1,679 1,619 551 227 1,137 879 804 476 216 954 285 449 210 74 297 228 1,133 877 803 475 216 953 285 449 210 74 296 230 1,145 884 812 471 214 958 278 454 206 64 294 r/ Revised 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): 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/ Includes some interbank and U. S. Government time deposits; the amounts on call ~ report dates are shown in the Member Bank Call Report. 3Z/ •J. lb DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS - (Cont'd) (Averages of daily figures; in thousands of dollars. Comparability of figures is affected somewhat by changes in Federal Reserve membership, absolutions, etc., particularly in states designated by an asterisk.) Demand deposits except interbank Time deposits 2nd half 1st half 2nd half 2nd half 1st half 2nd half Dec. 1949 Dec. 1949 Dec. 1948 Dec. 1949 Dec. 1949 Dec. 1948 Country banks in places with population of less than 15,000 Total, all States 12,218,936 12,280,271 r!2,380,044 6,007,078 5,999,764 6,009,003 New England 365,736 374,752 369,261 239,358 239,874 241,073 Maine 52,782 53,804 64,077 66,094 59,187 64,403 New Hampshire 71,955 74,291 26,385 26,516 73,586 27,516 Vermont 44,270 44,047 45,336 54,528 54,466 55,278 Massachusetts 133,053 134,143 127,600 50,827 52,546 50,983 Rhode Island 910 885 1,526 1,504 895 ,1,515 Connecticut^ 62,766 42,026 66,293 63,946 41,980 38,135 Middle Atlantic 2,270,430 2,291,811 2,245,268 2,251,853 2,246,270 2,266,857 New York 737,084 748,172 740,513 730,096 737,682 756,153 New Jersey 547,559 555,688 522,036 523,320 521,995 515,107 Pennsylvania 985,787 988,020 987,951 993,136 986,593 995,597 E. North Central 2,414,174 2,427,725 2,449,227 1,653,11b 1,652,410 1,663,767 Ohio 595,227 502,629 603,743 599,582 502,217 509,082 411,210 Indiana 428,242 414,493 179,548 179,108 178,588 Illinois 912,059 387,008 918,201 386,682 383,153 919,303 Michigan 305,522 303,600 359,454 305,393 359,817 360,051 Wisconsin 190,156 190,056 224,586 232,893 224,477 194,339 W. North Central 1,970,219 1,970,639 2,028,794 538,349 537,857 536,140 Minnesota 255,126 216,406 216,112 218,526 259,616 263,379 Iowa 313,928 90,654 312,674 93,034 321,551 90,513 Missouri 327,971 70,265 325,481 325,166 73,607 73,559 North Dakota 92,201 31,600 95,561 99,437 30,495 31,576 160,809 South Dakota 36,446 163,190 169,422 35,446 36,348 327,874 Nebraska 328,241 43,186 42,973 43,073 341,729 492,310 Kansas 46,663 508,110 46,676 45,188 485,876 South Atlantic 1,195, "" 1,201,827 1,235,570 581,038 580,769 580,109 16,944 Delaware 11,612 11,687 17,108 17,873 11,554 Maryland 152,578 118,251 118,216 119,860 153,380 150,430 325,868 Virginia 218,034 217,610 209,103 331,889 334,635 West Virginia 179,545 180,650 82,634 80,501 80,192 197,531 North Carolina 131,347 131,450 149,023 49,683 49,714 49,795 84,683 South Carolina 18,306 84,689 18,944 92,156 18,329 Georgia 94,755 29,048 28,396 94,546 28,323 99,156 210,268 Florida 208,115 194,766 56,458 56,495 59,171 E. South Central 639,713 165,045 165,090 159,678 691,286 633,534 280,288 Kentucky 46,886 302,480 269,847 46,930 47,391 Tennessee 64,085 170,995 181,613 172,154 67,983 67,798 136,167 Alabama 36,265 138,865 38,738 150,892 38,565 52,263 Mississippi 11,611 11,624 56,301 52,668 11,937 W. South Central 2,202,242 2,197,318 r2,161,683 155,446 155,119 141,967 181,435 Arkansas 31,100 30,056 31,301 184,971 182,732 Louisiana 27,800 27,264 84,904 83,889 84,849 27,857 Oklahoma 34,644 4io,061 419,961 409,931 37,773 37,928 Texas 58,446 50,003 1,526,987 1,519,676 1,471,847 58,360 Mountain 183,488 183,125 766,650 780,795 789,665 183.486 Montana 182,280 41,753 42,529 188,321 185,397 42,542 Idaho* 16,853 15,901 71,563 71,392 77,551 15,924 Wyoming 22,225 104,688 21,939 106,918 21,882 105,935 Colorado 48,887 49,256 234,217 242,035 237,513 48,962 New Mexico 12,269 12,885 114,206 115,052 113,701 12,938 Arizona 1,158 4,610 4,657 4,371 - 992 1,002 Utah 34,056 34,947 48,415 50,165 50,851 34,878 Nevada 5,408 5,555 8,473 7,452 7,347 5,358 Pacific 238,887 236,287 401,870 409,290 393,784 239,387 41,611 Washington 41,548 84,600 83,301 88,784 41,630 Oregon* 26,042 78,812 88,324 27,945 77,176 25,820 California 171,297 166,731 238,458 232,182 233,307 171,937 r/ Revised