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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
RESERVES, AND BORROWINGS OF MEMBER BANKS, SECOND HALF OF DECEMBER, 1953
(Averages of daily figures l/. In millions of dollars)
Class of bank
and
Federal Reserve District
All Member Banks
Central reserve city banks:
New York
Chicago

Gross demand deposits
Total

Interbank

Other

Net
demand
deposits 2/

Time
deposits

Demand
Reserves with F. R. Banks
balances due
from domestic
Total Required Excess

111,390

13,268

98,102

96,460

35,954

6,758

20,091

19,306

785

23,074
6,235

4,094
1,309

18,980

20,789
5,558
37.290
2,007
928
2,474
4,732
2,198
2,247
4,617

2,952

50
119

4,783

4,751
1,297

32
2

7,937
392
200
485
1,005
446
455
1,024
440

_26_

4,926

1,238

1,300

Reserve city banks
6.671
36.905
14.193
8.033
43.577
2,126
Boston
2,218
1,903
316
171
27
New York
1,026
204
33
39
Philadelphia
2,386
476
485
256
117
Cleveland
1,018
5,408
4,818
1,762
590
195
Richmond
2,l4l
121
2,564
478
423
450
Atlanta
608
2,084
2,692
469
172
457
Chicago
580
4,784
270
1,039
5,364
2,439
St. Louis
2,200
2,603
123
445
764
1,839
369
Minneapolis
208
185
1,236
1,027
914
47
322
Kansas City
484
3,600
609
2,638
961
2,934
317
Dallas
2,621
432
890
2,770
571
3,512
553
San Francisco
10,458
6,632
267
2,158
708
9,156
9,750
Country banks
4,463
1,214
32,823
38,505
17,572
5,976
37,291
Boston
219
3,204
472
3,096
2,789
l,l4l
107
New York
116
963
5,651
5,535
5,025
3,690
Philadelphia
f i
470
2,708
2,380
1,848
18
2,726
Cleveland
3,058
323
3,024
2,658
1,923
523 y
34
Richmond
4oj/
328
2,637
2,492
2,193
1,075
145
Atlanta
438
452
3,024
2,712
847
234
3,257
Chicago
649
104
926
5,456
4,788
3,241
5,559
St. Louis
2,100
2,041
1,788
726
275
309
Minneapolis
270
213
1,615
1,445
867
1,697
I
Kansas City
2,626
361
425
2,555
2,174
499
71
Dallas
466
730
3,681
3,472
2,886
427
209
San Francisco
2,310
362
247
2,273
1,985
1,287
37
NOTE: Demand deposits adjusted (demand deuos 9 other than interbank and United States Government, less cash items
collection) of all member banks estliaated at 815,650
million dollars.
For numbered foovnotos see next page.




January 21, 1954

i-S

4
13
3/
2
15
5
2
22
12

586
559

2,138
5,321
431
875
420
46l
350y
403
817

276

Borrowings
at Federal
Reserve

-2

206

21

65?
41
89
50

62
53
49

109

240
313
401
335
reported as

if

33
30
48
65
27
in process of

J.la

DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER B A M S -- Continued
(Averages of daily figures.

Federal
Reserve
District

In millions of dollars)

Demand deposits except interbank
1st half
2nd half
2nd half
Dec. 1953 Dec. 1953 Dec. 1952

Time deposits
1st half 2nd half
2nd half
Dec. 1953 Dec. 1953 Dec. 1952

Country banks in places with population of 15,000 and over 1/
Total
Boston
New York
Philadelphia
Cleveland
Ri chmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

24,027

23,783

23,753

10,834

10,787

10,144

2,735
4,239
1,554
1,817
1,561
2,287
3,476
979
795
930
1,902
1,752

2,686
4,230
1,494
1,790
1,547
2,270
3,450
971
800
904
1,886
1,755

2,726
4,183
1,542
1,785
1,545
2,234
3,343
976
799
953
1,951
1,715

922
2,473
850
1,034
556
585
2,147
400
376
215
320
956

922
2,458
847
1,026
555
583
2,140
399
375
214
319
949

920
2,332
819
971
509
546
1,991
383
355
187
277
854

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

13,264

13,203

13,131

6,738

6,716

6,323

361
1,296
1,154
1,207
931
737
1,980
1,062
819
1,625
1,570
520

365
1,301
1,158
1,204
928
717
1,972
1,060
829
1,608
1,532
528

372
1,282
1,127
1,191
961
699
1,882
1,051
820
1,628
1,556
561

219
1,217
998
889
519
262
1,094
327
491
283
108
330

219
1,212
993
893
517
257
1,092
326
489
283
106
330

218
1,164
955
844
494
226
1,009
303
457
249
86
318

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):
l/ 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.




J.lb
DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS -- Continued
(Averages of daily figures; in thousands of dollars. Comparability of figures is
affected somewhat by changes in Federal Reserve membership, absorptions, etc.,
particularly in States designated by an asterisk; in Virginia, it results from
incorporation of former counties and cities as independent cities.)
Demand deposits except interbank
Time deposits
2nd half
2nd half
1st half 2nd half
1st half
2nd half
Dec. 1953 Dec. 1953 Dec. 1952 Dec. 1953 Dec. 1953 Dec. 1952
Country banks in places with a population of less than 15,000
Total, all States
13,264,420 13.202.801 13,130,864 6,737,925 6,715,789 6,322,72]
New England
233,956
233,478
231,68C
384,479
388,034
393,879
Maine
62,546
60,790
63,013
56,207
61,125
55,744
New Hampshire
26,425
60,847
25,74S
26,392
58,587
57,225
Vermont
60,936
61,137
59,037
59,484
57,850
57,774
Massachusetts
47,48t
150,980
45,614
149,022
45,928
152,418
Rhode Island
865
1,548
1,548
1,039
1,555
978
Connecticut *
37,06c
60,529
36,252
36,095
65,984
59,734
Middle Atlantic
2,731,437 2,739.891 2.691.849 2 , 4 % , 925 2,449,023 2,356,140
New York
801,281
764,506
898,150
901,902
797,307
902,739
New Jersey
646,467
614,108
538,687
567,587
565,467
650,038
Pennsylvania
1,186,820 1,187,951 1,175,002 1,091,057 1,086,249 1,052,943
E. North Central
2,899,211 2,905.042 2,801.353 1,877,170 1,878,989 1,755,683
Ohio
537,851
712,369
573,137
732,299
569,202
727,258
215,711
Indiana
458,904
196,993
485,639
482,118
216,343
478,442
Illinois
451,930
480,211
1,096,901 1,100,024 1,062,401
334,676
Michigan
326,921
341,781
363,113
344,133
362,797
248,586
234,233
Wisconsin
240,758
245,299
248,801
248,617
W. North Central
571,892
625,998
2,084,924 2,065,075 2,062,827
628,322
224,101
Minnesota
289,361
239,409
286,081
273,773
240,412
100,641
110,796
350,187
333,138
356,638
111,392
Missouri
87,128
77,011
350,451
353,478
356,105
87,254
34,180
North Dakota
94,776
92,076
35,299
93,536
35,459
South Dakota
33,140
129,121
36,653
132,879
128,923
37,104
Nebraska
365,842
47,925
50,752
50,832
359,703
367,566
Kansas
54,894
65,961
483,550
518,107
65,869
497,535
South Atlantic
648,348
605,822
651,147
1,302,779 1,298,251 1,319,922
Delaware
12,159
20,704
12,889
20,189
12,856
20,737
160,184
108,793
Maryland
115,074
161,501
159,510
115,931
Virginia *
249,152
259,220
358,838
385,293
260,428
359,807
81,167
West Virginia
85,236
189,194
192,362
85,086
190,875
48,601
46,887
North Carolina
137,601
143,925
137,037
48,658
17,200
1
8
,
9
8
1
South Carolina
97,450
99,183
101,519
19,263
Georgia
26,743
106,949
29,994
107,840
105,997
29,998
Florida
223,410
63,721
78,413
224,890
215,957
78,927
166,s 642,710
E. South Central
188,332
656,005
632,873
190,180
46,899
Kentucky
264,236
282,803
53,853
278,587
54,162
Tennessee
161,869
70,299
79,503
159,885
80,028
165,788
40,622
Alabama
45,528
154,027
151,069
153,420
45,593
9,088
9,448
Mississippi
52,741
48,953
58,210
10,397
W. South Central
168,153
2,041,361 1,995,6 ' 1,999,671
202,064
197,825
Arkansas
29,463
25,635
150,781
152,838
151,033
29,690
29,914
Louisiana
30,707
112,382
103,565
97,978
33,326
Oklahoma
52,874
45,153
326,017
341,859
340,990
53,114
Texas
84,781
67,451
1,436,087 1,398,505 1,424,895
85,934
Mountain
225,618
226,108
756,008
207,591
763,515
779,348
Montana
47,956
205,124
210,439
211,934
51,455
51,595
Idaho
16,687
15,030
44,076
44,210
16,423
48,534
Wyoming
26,220
108,304
26,185
23,309
110,094
109,594
Colorado
6
2,809
69,541
69,958
235,475
239,344
235,033
New Mexico
14,618
16,965
94,906
16,921
94,917
96,378
Arizona
1,886
1,467
1,890
6,742
6,760
6,310
Utah *
36,396
36,725
36,571
50,777
56,947
51,973
Nevada
6,006
10,604
6,328
6,376
10,589
9,807
Pacific
408.216
258.852
439.305
269.053
268.178
414.222
Washington *
41,969
45,276
88,320
41,787
77,628
78,417
41,420
Oregon *
42,906 .
42,902
93,387
107,319
95,291
California
184,178
243,666
172,156
237,201
183,489
240,514
L