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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FOR THE PERIOD Reserve c i t y banks 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 Gross demand d e p o s i t s Inter-j bank | 13,518 u. s. Govt. 4,636 108,484 24,813 6,271 4,180 1,113 1,052 274 19,580 4,883 20,836 5,416 4,452 1,474 50,489 2,481 1,190 3,173 6,036 3,038 3,494 5,627 2,692 1,252 3,562 3,980 13,963 6,795 339 44 478 550 44l 774 556 796 308 870 981 659 1,752 76 45 112 259 93 94 252 91 75 105 119 427 41,94?. 2,066 1,101 2,583 5,228 2,499 2,626 4,820 1,805 869 2,587 2,881 12,877 41.787 2,177 1,028 2 ,6 4 2 5,205 2,539 2,727 4,710 2,192 -975 2,788 3,032 11,770 21,709 203 • 612 511 2,690 748 825 3,093 497 263 625 1,083 10,560 Total 1 1 C l a s s of bank and F . R. D i s t r i c t A l l n e u t e r banks Cent.res.city bks.: New York Chicago Demand Net demand Time balances With d e p o s i t s 2 / d e p o s i t s due from F . R. dom-bks. Banks 106,898 6,788 18,770 53,789 Other 92 103 3,961 1,054 2,212 23 38 120 206 132 259 24l 131 42 284 44o 297 7,925 369 190 466 969 437 477 915 387 172 503 554 2,485 16-30, 1959 Reserves Allowable in Required cash 3/18,584 338 __ 2 108 — 11 3 28 19 7 28 2 1 6 3 3,973 1,049 7.980 369 200 462 993 456 491 932 387 174 491 554 2,470 J a n u a r y 22, i 9 6 0 Excess 3/524 Borrowings a t F . R. Banks 925 Currency and c o i n 2,526 -12 7 134 146 182 36 51 443 4 823 22 32 47 121 69 48 119 30 11 80 4l 205 — 1 8 3 -7 11 3 -2 13 5 18 37 25 30 88 53 34 39 54 47 33 Country banks . ^j066_ 1,429 201 1,487 229 476 42,079 38,860 1,557 26,154 5,582 5,830 4J80 Boston 3,682 122 144 210 • 20 3,416 427 420 1,376 3,194 27 15 135 New York 7,068 123 293 6,652 364 6,302 5,650 253 58 37 976 995 55 Philadelphia 2,880 424 3,033 23 131 2,468 2,671 4 l 11 130 256 34 417 Cleveland l4i 29 146 2 3,385 320 3,215 469 452 54 2,958 2,535 37 Richmond 106 2,913 130 2,448 24 14 2,677 1,544 36l 115 323 346 38 Atlanta 4,255 121 296 506 3,838 3,581 498 36 1,697 19 38 137 479 Chicago 6,501 221 223 6,l4i 64o 24 137 4,721 910 34 858 5,657 85 S t . Louis 68 2,383 2,244 i,c5o 71 67 2,047 290 298 278 25 5 5 Minneapolis 1,885 262 67 47 1,743 1,649 1,320 75 247 177 19 9 5 Kansas C i t y 128 3,123 421 2 65 2,901 340 2,639 19 93 371 991 33 Dallas 4,156 4 247 46o 3,824 1,024 44 85 423 3,380 673 97 7 San F r a n c i s c o 2,682 4 47 201 6 16 85 2,550 2,334 1,767 73 345 356 NOTE: Demand d e p o s i t s a d j u s t e d (demand d e p o s i t s o t h e r than i n t e r b a n k and United S t a t e s Government, l e s s cash 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 $95,534 m i l l i o n . F o r numbered f o o t n o t e s see n e x t p a g e . DEruSITS, RBBERVEu, AMD BOhROv/INuS OFfrEMaEF.BlOtiS — 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 ) Federal Reserve District Demand d e p o s i t s except i n t e r b a n k and U. S . Government December December December 16-30, 1-15, 16-31, 1959 1958 (#) 1959 Time d e p o s i t s December 16-30, 1959 December 1-15, 1959 December 16-31, 1958 Country b 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 27,91^ 27,575 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 Total 14,288 z/28,195 16,352 16,270 r/l5,594 3,105 5,192 1,775 2,055 1,738 2,697 4,154 1,117 r/918 1,246 2,191 2,007 i,ieo 3,830 1,191 1,383 761 1,108 3,201 547 588 452 695 1,497 1,099 3,819 1,187 1,382 768 1,076 3,179 537 589 452 690 1,492 1,057 3,666 1,128 1,328 764 1,062 3,130 531 r/564 426 670 1,270 9.801 9,791 £/l4,644 i l/9,330 Boston 409 393 276 286 276 New York 1,564 1,602 1,820 1,815 1,799 Philadelphia 1,162 1,133 1,277 1,226 1,273 Cleveland 1,252 1,306 1,152 1,104 1,149 Richmond 1,045 1,049 783 780 738 Atlanta 1,099 1,059 589 585 538 Chicago 2,091 2,203 1,520 1,520 1,463 S t . .Louis 1,184 1,168 513 523 490 Minneapolis r/948 937 732 r/70l 731 Kansas C i t y 1,656 1,752 540 483 539 Dallas 1,601 1,662 329 294 330 San F r a n c i s c o 331 269 323 269 258 Tf R e v i s e d . # U . S . Government d e p o s i t s i n c l u d e d , p r i o r t o December 1, 1959. _l/ 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 pf 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 as c o u n t r y banks,- 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 ) : " l / 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 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 as 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 c a s h items r e p o r t e d as 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 b a n k s . 3 / Revised weekly f i g u r e s compared w i t h 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. Dec. Dec. Jan. Jan. p / Preliminary. 16 23 30 . 6BA 132/ Required reserves Excess reserves Free reserves 18,429 18,635 18,533 18,642 18,466 443 639 464 504 568 -513 -341 -464 -509 -343 f (&HX. t J , l b DEPPS7TS, RESERVESj AND BORROWINGS OF MEMBER 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 places with a and U. S . Government p o p u l a t i o n of Dec. 1 ^ 3 0 7 1 Dec. 1 - 1 5 7] Dec . 1 ^ 3 1 , Dec.16-30,1 Dec. 1 - 1 5 , Dec.16-31, l e s s t h a n 15,000 \1958(#) 1959 1959 1 1959 . 1958 1959 Total l ^ l S l . 2 "1S72B7.9 .?/ l 4 T ^ 3 • 5 2^801^5 9 , 7 9 1 . 2 £7,9,379.6 Total, a l l States Q/7Q2*4 £ffer"r79fT7~2."3' ICT5C2 337279.9 r / i 4 , 6 3 C 9 New England 292.7 417.1 276.3 276.4 393.1 Maine* 7876 78.5 6576 6875 65.7 78.3 New Hampshire 31.8 71.2 33.7 75.5 71.9 33.9 Vermont* 100.6 64.0 93.1 55.0 55.3 93-4 Massachusetts* 46.8 48.1 161.0 163.3 158.3 47.9 Rhode I s l a n d Connecticut* 2 2 . 9 35.0 5 0 . 1 3 5 . 7 2 2 . 8 35.9 Middle A t l a n t i c 3,297.3 2,943.1 -2,971.3 _3j032<L 3,399il_ 3,389.4 New York* 1,108.4 1,122.0 1,262.9 1.260.3 1.251.7 1,138.2 New J e r s e y 744.0 8C8.7 769.8 811.5 760.7 748.3 Pennsylvania 1,090.7 1,101.0 1.275.8 1,133.4 1.320.4 1,325.3 E K'-rth C e n t r a l 2,548.4 2,453.7 3,251.6 3,123.6 3,170.9 2,550.9 72572™ Onio 801.5 317.5 756.1 779.2 758.1 Indiana 302.6 521.4 500.4 293.9 507.7 303.7 Illinois 1,210.6 672.2 1,231.2 1,253.6 712.0 713-3 Michigan 464.1 360.7 470.6 367.6 471.9 357.2 Wisconsin 272.7 3 0 5 . 2 ,299.3 305.8 273.3 z 291.5 W. North C e n t r a l 2,132.4 2.127.4 1,002.7 1,002,7 rr/939-l Minnesota 350.2 4 m 347.3 327.5 3?7X* Iowa - 380.4 156.1 339.2 156.4 339.3 Missouri 142.6 404.5 388.5 155.9 393.1 155.6 North Dakota 101.1 53.1 103.5 95.2 57.5 57.5 South Dakota 64.8 61.9 130.9 143.2 64.9 137.0 Nebraska 60.6 68.6 69.0 358.2 358.5 339.5 Kansas 488.2 471.9 152.1 137.1 509.4 152.1 South A t l a n t i c 1,012.1 1,622.8 1,628.5 1,068.9 1,632.9 1,073.7 "378™ Delaware* 14.1 4.0 17.5 3.8 Maryland 188.1 152.7 173.1 158.3 169.7 158.6 Virginia 441.6 416.2 4l8.6 439.1 437.5 395.7 West V i r g i n i a 107.8 201.3 201.4 204.3 121.9 122.9 North C a r o l i n a 60.6 61.4 154.5 61.6 153.4 138.9 South C a r o l i n a 31.2 ICO. 4 99.1 32.5 98.7 32.5 Georgia 120.8 120.4 60.3 5 5.1 127.6 60.4 Florida 194.9 214.5 439.6 413-7 435.6 215.3 E. South C e n t r a l 348.0 743.0 750.0 367.9 765.5 370.5 Kentucky 100.3 100.6 298V9 291.2 101.1 315I4 Tennessee 136.6 187.2 146.6 147.3 195.0 199.5 Alabama 184.2 85.I 184.1 183.3 91.6 92.0 Mississippi 26.0 29.1 71.0 75.1 73.6 30.1 W. South C e n t r a l 2,229.2 490.5 ~ 2,142.0 2,169.7 552.2 541,3 Arkansas 60.5 68.5 £6779" 179.1 136.5 5*577 Louisiana 181.8 180.5 84.6 77.0 84.3 168.9 Oklahoma 111.7 127.6 393.4 127.5 371.5 391.7 Texas 1,431.6 241.3 270.4 1,437.3 271.9 1,500.7 Mountain 802.7 811.6 336.1 787.2 367.1 367.3 Montana 220.6 221.6 103-5 95.9 207.3 104.1 Idaho 16.3 27.1 17.4 27.6 27.3 17.-4 Wyoming 46.1 124.0 116.1 52.0 119.5 52.0 Colorado 274.2 108.1 100.9 273.4 IC8.7 272.9 New Mexico 124.5 124.1 126.0 38.0 43.5 43.7 Arizona 4.1 4.0 4.9 5.4 5,0 3.9 Utah 30.6 32.3 31.4 30.3 34.2 Nevada 2.4 2.7 3.0 2.3 3-8 Pacific 202.8 266.3 209.5 263.2 255.5 210.0 Washington* 58.2 64.7 47.6 47.9 57.4 47.7 Oregon* 21.6 41.2 44.7 39-8 23.6 23.3 California* 136.4 142.6 118.1 117.8 129.3 137.7 Alaska* 4.0 20.8 29.2 29.6 20.6 Virgin Islands 7.6 9.0 7.6 7.3 &i0_ v/ R e v i s e d . Si