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I I ' ! BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FIRST HALF OF DECEMBER 1959 January 8, i960 (Averages of daily figures 1/. In millions of dollars) Demand Gross demand deposits BorrowClass of bank Net demand Time "balances With Allowand ings at Currency InterU. S. deposits 2/ deposits due from F. R. and coin able in Required F. R. District F. R. bank Govt. total dom.bks. Banks Banks All member banks 124,0^6 13,278 4,113 106,665 105,242 53,592 6,593 18,516 287 3/18,304 3/499 917 2,351 Cent.res.city bks.: New York 24,132 4,102 921 19,110 20,320 4,480 86 3,881 3,881 -1 175 57 Chicago 6,124 1,127 211 4,786 5,311 1,467 1,026 105 1 1,029 -2 67 32 Reserve city banks 48,976 6,595 1,475 40,906 4o,966 21,584 2,035 7,813 93 7,839 67 558 731 Boston 328 6T 1,963 2,076 204 23 353 1 ~"3F~ 20 . 353 New York l,l4l 1,065 33 612 991 186 11 194 8 3 ,43 Philadelphia 3,034 452 91 2,491 2,556 516 446 2 448 1 43 43 Cleveland 5,854 529 245 5,080 5,111 2,687 184 964 24 11 978 51 Richmond 2,961 434 2,452 75 2,489 120 739 448 439 6 15 *8 35 Atlanta 3,442 760 83 2,598 861 2,703 247 495 489 9 46 13 109 Chicago 5,474 513 215 4,746 4,631 3,110 231 906 24 10 920 88 112 St. Louis 2,64l 798 1,768 2,152 75 496 131 381 1 380 24 29 Minneapolis 860 317 262 990 181 43 176 11 Kansas City 864 80 2,440 2,702 248 625 472 1 -4 80 477 31 Dallas 3,818 929 115 3,001 2,775 1,071 378 4 558 13 549 45 39 San Francisco 13,614 627 320 12,667 11,565 10,402 287 2 2,433 2,428 6 29 196 Country banks 44,824 1,454 1,506 41,863 38,645 26,061 4,367 192 5,796 434 5,554 1,412 235 Boston 3,611 128 T 3 T 6 ™ 127 "515"™ 1C35S 3,155 420 191 21 17 128 23 New York 7,113 123 293 6,697 6,353 360 5,635 31 981 39 247 57 Philadelphia 2,993 134 2,836 2,64o 2,460 246 419 31 413 20 36 125 Cleveland 3 3,364 119 2,944 3,219 2,530 311 473 29 450 52 135 5 Richmond 2,908 io4 132 2,672 2,438 1,547 20 329 363 345 108 38 Atlanta 4,l66 118 287 3,760 1,661 3,503 498 493 468 15 127 39 Chicago 6,449 i4o 205 6,105 5,625 4,698 629 898 29 854 210 29 73 St. Louis 2,396 74 2,250 2,038 1,061 73 308 4 297 24 277 5 Minneapolis 1,927 72 77 1,778 1,677 1,320 268 190 4 22 250 7 Kansas City 993 1 Dallas 2 % 1,020 8 8Z 8 6 San Francisco 2,662 46 2,544 72 2,306 200 l,76l 342 14 353 2 3 69 Demand deposits adjusted (demand deposits other than int.prhanV and United States Government, less cash items reported as in process of collection) of all member banks amounted to $94,448 million. For numbered footnotes see next page. I il I:% m !:% I'Ml DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BAMS — Continued (Averages of daily figures. In millions of dollars) Federal Reserve District \ Time deposits Demand deposits except interbank# 1st half 1st half 2nd half 1st half 1st half 2nd half Dec. 1959 Nov. 1959 Dec. 1958 Dec. 1959 Nov. 1959 I Dec. 1958 Country hanks in places with population of 15,000 and over l/ Total Boston new York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Mi nneapolis Kansas City Dalles San Francisco 27,575 28,803 27,760 16,270 16,310 15,554 2,962 5,132 1,703 1,968 1,627 2,66l 4,013 1,065 841 1,204 2,186 2,213 3,205 5,438 1,790 2,100 1,720 2,717 4,151 1,108 908 1,230 2,178 2,258 3,04l 5,104 1,734 2,029 1,729 2,668 4,060 1,122 923 1,222 2,140 1,990 1,099 3,819 1,187 1,382 768 1,076 3,179 537 589 452 690 1,492 1,100 3,807 1,186 1,422 766 1,079 3,181 539 589 454 696 1,491 1,061 3,649 1,125 1,325 766 1,054 3,125 532 559 425 673 1,262 Country banks in places with po]Dulation of less than :15,000 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 14,288 14,603 14,794 9,791 9,751 9,363 393 1,564 1,133 1,252 1,045 1,099 2,091 1,184 937 1,656 11601 331 415 1,665 1,197 1,250 1,049 1,079 2,168 1,174 929 1,690 1,650 338 4l6 1,631 1,178 1,309 1,063 1,060 2,212 1,184 976 1,757 1,675 332 276 1,815 1,273 1,149 780 585 1,520 523 731 540 330 269 277 1,813 1,271 1,113 777 586 1,521 524 731 540 327 270 285 1,798 1,222 1,101 . 737 535 l,46o 495 700 482 291 258 ^Beginning with first half of December, demand deposit figures shown on this and the following page are not comparable with previous dates because of exclusion of U. S. Govt, deposits. l/ Includes any banks in outlying sections of reserve cities which have been given permission to carry the seme reserves as country banks; also includes member banks in Hawaii. 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. 3/ Revised weekly figures compared with those given in published weekly statements: Dec. 2 Dec. 9 / Dec. 16£/, Dec. 23SA Dec. 30£/ 2/ Preliminary. Required Excess Free 18,085 18,282 18,431 18,647 18,545 366 515 446 660 485 -504 -396 -510 -320 -443 /e >3? J.lb DEPOSITS, RESERVES, MX) BORROWINGS OF BA3KS — Continued (Averages of daily figures; in millions of dollars. Comparability of figures is affected somewhat by changes in Federal Reserve membership, absorptions, etc., particularly in States or other areas designated by an asterisk.) Time deposits Demand deposits except intrbk.# 1st half " 2nd half 1st half 1st half 2nd half 1st half Dec. 1959 Nov. 1959 IDec. 1958 Dec. 1959 Nov. 1959 IDec. 1958 Country banks in places with a population of less than 15,000 Total 14,287.9 14,602.9 14,793.9 9,791.2 9,750.6 9353:4 Total, all States 9,74179"" 9,356.2 14,279-9 14,596.5 ~l4,7#T9 9,782.5 New England T I O "52378" 292.5 276.4 276.9 393.1 Maine* 78.6 65.6 66.3 Tf3" 78.6 78.7 New Hampshire 31.8 33-8 74.1 77.6 75.5 33.7 Vermont* 100.4 64.4 58.2 93.0 93.1 55.3 Massachusetts* 161.0 48.1 46.7 48.3 168.1 172.5 Rhode Island Connecticut* 23.1 38.2 49.6 35-0 22.9 35.7 Middle Atlantic 3,292.6 3,148.9 3,078.3 3,389.4 3,386.0 2,971.3 New York* 1,246.9 1,261.0 1,122.0 1.199.4 1,153.3 1.266.3 New Jersey* 774.6 805.9 781.5 748.3 808.7 792.3 Pennsylvania 1,271.1 1,101.0 1.320.4 1.319.1 1,157.2 1,143-5 E. North Central 2,548.4 2.515.2 2,447.3 3,170.9 3.237.5 3,279.3 Ohio 801.5 722.3 825.0 721.1 796.1 756.1 Indiana 522.6 293.2 302.8 530.4 302.6 507.7 Illinois 669.2 1,264.8 711.8 1,231.2 1.270.3 712.0 Michigan 463.8 362.2 376.3 473.3 357.2 471.9 Wisconsin 298.8 306.2 291.4 273.3 277.7 305.8 W. North Central 2,127.4 944.1 1,002.7 1,003.3 2.263.4 2,135.2 Minnesota 350.2 335-1 350.7 347.3 359.1 347.7 Iowa 148.7 346.8 156.4 382.0 339.2 156.1 Missouri 148.7 405.6 384.6 156.2 388.5 155.9 North Dakota 101.0 101.1 107.8 52.7 57.4 South Dakota 61.4 148.0 137.2 64 ii 64.5 137.0 Nebraska 60.8 68.8 338.4 359.8 339.5 69.0 Kansas 501.1 471.9 136.7 152.1 476.5 152.3 South Atlantic 1,628.5 1,622.0 1,068.9 1,066.2 1,636.2 1,009.5 Delaware* 47o 14.0 470 18.2 3^0 Maryland 190.1 173.1 158.8 153.2 Virginia 414.5 392.8 437.5 437:4 445.7 West Virginia 201.4 206.6 1C8.4 205.9 121.5 121.9 North Carolina 153.4 61.4 60.0 60.5 140.9 151.9 South Carolina 99.1 100.3 100.9 32.5 31.9 32.9 Georgia 120.4 121.8 60.3 123.7 60.5 54.9 Florida 439.6 425.1 412.0 214.2 214.5 193.8 E. South Central 346.4 750.0 724.2 762.7 368.7 367.9 Kentucky 291.2 100.6 100.3 272.9 307.3 99.5 Tennessee 146.6 194.8 146.0 194.8 199.5 135.7 Alabama 184.2 84.8 I83.O 187.4 91.6 92.1 Mississippi 26.4 75.1 29.I 30.3 73.2 73.5 W. South Central 2,169.7 486.7 2,238.5 2,249.2 548.5 552.2 Arkansas 60.3 18079 68.1 179.1 172.6 68.5 Louisiana 181.8 166.2 181.3 84.1 76.4 84.3 Oklahoma 126.8 111.3 390.8 371.5 396.4 127.5 Texas 1,514.0 238.7 1,485.5 1,437.3 269.5 271.9 Mountain 802.7 802.0 335.1 367.1 366.5 831.5 Montana 220.6 212.3 103.5 103.3 231.9 95.1 Idaho 16.6 28.1 27.1 17.4 17.3 27.9 Wyoming 46.0 127.I 51.8 122.7 119.5 52.0 Colorado 100.7 278.4 108.9 273.4 108.7 277.7 New Mexico 124.1 126.0 124.1 43.2 37.8 Arizona 1 : ? 4.1 5.0 5.8 3.9 5.3 Utah 30.6 31.8 34.1 28.9 34.1 32.3 Nevada 2.4 2.4 2.7 3.8 3.8 3.1 Pacific 202.0 210.6 266.3 209.5 273.4 263.5 Washington* 58.2 47.4 47.9 47.6 59.7 Oregon* 21.6 41.2 23.2 45.5 39.9 California* 128.5 138.0 119.2 147.0 117.8 137.7 Alaska* 4.0 20.8 20.8 29.2 35-8 3.7 Virgin Islands 6.4 9.0 7.6 5.8 8.7 7.3 }$:! t, I
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