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Ht J.I BOARD OF GOVERNORS OF TBK FEDERAL RESERVE SYSTEM January 9, 195 DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS, FIRST HALF OF (Averages of daily f i g u r e s ^ . In millions of dollars) Demand borrowingsf Gross demand deposits Net demand balances due Reserves with F.R.Banks at Federal Time U. S. deposits 2/ deposits from domestic Interbank Govt. Other Total Required Excess Reserve ' banks 104,728 52,610 122,597 13,546 3,281 105,769" 18,631^18,224 407" 434 6,797 Class of bank and Federal Reserve District A l l member banks Central reserve c i t y banks; 86 620 5,102 23,703 4,065 19,018 New York 20,551 3,941 3,954 -13 32 6,284 Chicago 108 221 4,865 1,439 1,061 1,062 20 Reserve city banks 2,0(1)2 48,592 21,151 1,178 7,820 40,595 224 7,807 13 Boston "W 2, Obi 22 1,960 233 2,337 329 354^ -1 355 New York 642 1,183 1,038 46 202 1,097 203 4 -1 35 39 Philadelphia 101 2,586 3,049 469 2,527 456 1 12 559 455 Cleveland 168 5,124 5,823 960 2,355 5,095 22 1 958 555 Richmond 2,446 2,500 123 2,965 752 454 224 450 457 Atlanta 2,704 249 859 3,425 489 2,585 783 4 493 Chicago 4,626 3,024 238 526 165 5,436 4,745 914 St. Louis 2,186 2,644 485 1,804 119 385 785 55 7 Minneapolis 267 1,025 898 1,292 183 2 47 1 339 £ Kansas City 607 3,480 2,501 276 896 83 2 492 2,797 493 45 Dallas 3,064 8 1,125 960 10 390 3,875 562 137 570 2,777 San Francisco 10,244 680 13,082 12,130 11,207 -6 6 271 2,355 2,361 295 44,018 24,918 1,262 41,292 4o8 4,542 1,465 Country banks 5,809 5,401 37,772 157 Boston 1.346 201 121 412 430 129 3,336 3,585 18 3,133 15 New York 228 6,869 6,113 988 5,447 43 375 945 33 Philadelphia 96 2,563 2.347 12 274 2,935 427 27 399 Cleveland 2,426 484 3,230 322 444 107 3,367 2,937 13 39 Richmond 2,700 1,502 380 145 2,450 491 2,937 350 345 35 Atlanta 4,006 482 448 1,590 3,347 3,635 279 23 505 § Chicago 6,426 6,096 843 4,585 909 155 5,577 . St. Louis 2,014 2,243 1,027 2,376 1 70 24 297 273 Minneapolis 82 1,842 208 1,982 1,716 1,258 4 252 23 275 57 Kansas City 2,882 2,621 440 143 907 3,123 369 334 97 17 Dallas 4,049 234 963 3,259 3,745 695 407 4 San Francisco 40 2,26l 2,041 200 2,362 1,519 14 301 NOTE: Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash items reported as in process of collection) of a l l member banks amounted to $94,697 million. For numbered footnotes see next page. I I S 11 8 s 3 J . la DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS - - Continued (Averages of daily figures. Federal Reserve District In millions of dollars) Demand deposits except interbank Time deposits 1st half 2nd half 1st half 1st half 2nd half 1st half Dec. 1958 Nov. 1958 Dec. 1957 Dec. 1958 Nov. 1958 Dec. 1957 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 27,760 27, %9 26,692 15,554 15,547 3,041 5,104 1,734 2,029 1,729 2,668 4,060 1,122 923 1,222 2,140 1,990 3,112 5,156 1,754 2,049 1,740 2,937 4,829 1,624 2,025 1,666 2,763 3,934 1,042 1,061 1,062 3,639 1,125 1,328 758 1,051 3,136 534 2,610 4,073 1,096 926 1,219 2,129 1,960 858 1,128 2,083 1,801 3,649 1,125 1# 766 1,054 3,125 532 559 425 673 1,262 559 424 672 1,258 13,771 976 3,129 1,000 1,247 677 944 2,798 489 493 368 556 1,093 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 14,794 14,714 13,861 9,363 9,343 8,389 4l6 1,631 1,178 1,309 1,063 1,060 2,212 1,184 976 1,757 1,675 332 420 402 1,558 1,178 285 1,047 1,027 2,212 1,019 964 2,080 1,111 286 1,796 1,221 1,101 735 534 1,449 494 697 481 237 1,596 1,149 1,020 1,660 1,186 1,291 1,182 973 1,733 1,654 33C 1,281 881 1,548 1,526 315 1,798 1,222 1,101 737 535 l,46o 495 700 482 291 258 287 261 676 459 1,330 441 626 412 204 238 1/ Includes any banks in outlying sections of reserve c i t i e s 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 a t 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 for required reserves as compared with those given in published weekly statements: Dec. 3 18,232 18,160 10 18,366 18,523 18,495 g/ Preliminary $ J.lb DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BAMS — Continued (Averages of daily figures; in millions of dollars. Comparability of figures i s affected somewhat by changes in Federal Reserve membership, absorptions, e t c . , particularly in States or t e r r i t o r i e s designated by an asterisk.) Demand deposits except interbank Time deposits 2nd half 1st half 1st half 2nd half 1st half 1st half Dec. 1958 I Nov. 1958 IDec. 1957 IDec. 1958 Nov. 1958 Dec. 1957 Country banks in places with a population of less than 15,000 Total, incl.Alaska & Virgin Islands 1 4 , 7 9 3 . 9 14,713.8 13,860.9 9,363.4 9,342.8 6,389.0 Total, a l l States 14,784.2 14,704.4 13,852.4 9,352.2 9,331.8 8/3783" New England 423.8 427.6 427.9 292.6 292.5 253.3 Maine 68.0 67.6 "T5X 78.6 6978 78.5 New Hampshire 74.1 70.9 70.7 28.4 31.8 31.9 Vermont* 64.4 63.6 100.4 63.5 100.3 68.5 Massachusetts 168.1 174.3 160.7 46.7 47.0 43.0 Rhode Island* .8 1.8 Connecticut* 49.6 66.8 51.0 41.8 35-0 34.9 Middle Atlantic 3,078.3 3,116.4 2,995.2 3,292.6 3,289.5 2,986.8 New York 1,153.3 1,179.' 1,090.1 1,246.9 1,244.8 1 , 0 9 8 . 7 New Jersey 781.5 785.9 729.7 774.6 677.8 773.1 Pennsylvania 1,143.5 1,150.7 1,175.4 1,271.1 1,271.6 1 , 2 1 0 . 3 E. North Central 3,301.1 3,279.3 3,133.1 2,447.3 2,438.1 2,254.0 Ohio 822.2 825.0 806.7 722.3 676.1 722.0 Indiana 530.4 543.1 501.4 293.2 293.6 277.8 Illinois 1.270.3 1.281.5 669.2 1,196.9 667.8 603.2 Michigan* 362.2 366.5 463.8 356.9 456.4 427.5 Wisconsin 291.4 287.8 271.2 298.8 298.3 269.4 W. North Central 2.263.4 2.233.6 2,015.5 944.1 832.5 940.3 Minnesota 361.0 359.1 "P+; 335.1 334.2 302.7 382.0 341.4 373.9 148.7 147.1 133.9 Missouri 405.6 148.7 399.9 373.2 149.1 126.5 North Dakota 107.8 108.1 96.0 52.7 51.7 45.9 South Dakota 148.0 148.1 61.4 122.3 60.9 51.7 Nebraska 359.8 353.0 60.8 315.8 60.5 52.3 Kansas 501.1 489.7 441.9 136.8 136.7 119.5 South Atlantic 1,636.2 1,603.0 1,549.4 1,008,0 1,009.5 913.1 Delaware 18.2 18.3 14.0 15-7 147o 12.5 Maryland* 190.1 189.7 185.2 153.2 152.1 153.3 Virginia 445.7 430.4 408.8 392.8 391.8 351.1 West Virginia 206.6 205.9 214.4 108.4 107.8 103.2 North Carolina 140.9 143.2 142.1 60.5 60.9 53.8 South Carolina* 100.9 98.9 93,1 31.9 31.4 27.7 Georgia 121.8 121.9 114.8 46.0 54.8 54.9 Florida 412.0 394.7 375.3 193.8 194.0 166.7 E. South Central 762.7 718.8 683.1 346.4 345.0 295.4 Kentucky 307.3 25jpr 277.1 83.4 99.5 99.2 Tennessee 194.8 186.3 179.0 121.6 134.8 Alabama . 187.4 183.6 168.3 84.4 74.0 Mississippi* 73.2 71.8 50.4 26.4 26.6 16.4 W. South Central 2,249.2 2,220.5 2,040.7 486.7 482.3 368.3 Arkansas 172.6 170.7 160.6 60.3 52.2 59.7 Louisiana 166.2 163.3 165.5 76.4 65.4 76.2 Oklahoma 396.4 389.6 339.5 111.3 88.9 1 0 9 . 2 Texas 1,514.0 1,496.9 1,375.1 238.7 161.8 237.2 Mountain 335.1 290.4 334.0 Montana 82.4 95.0 Idaho 16.6 14.8 16.5 Wyoming 46.0 39.1 45.7 Colorado 277.7 100.6 100.7 87.2 New Mexico 126.0 112.1 37.8 37.4 Arizona 3.9 3.9 Utah 32.2 29.4 32.3 Nevada 2.7 2.7 2.5 Pacific 198.0 184.8 202.0 Washington* 46.5 47.9 47/r Oregon* 21.6 20.6 21.4 California 150.3 128.5 132.9 117.7 Alaska &Virgin Is. 10.6 11.3 11.3 y