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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