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J.l BOARD OF GOVERNORS OF TBE FEDERAL RESERVE SYS'lW DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FOR THE BIWEEKLY PERIOD ENDED JUNE 15, I960 (Averages of daily figures!/. In millions of dollars) Demand Reserves Class of "bank Gross demand deposits "balances Net demand Time With Allowand InterU. S. deposits 2/ deposits due from able in Required R. F. F. R. District dcm .b!:s. "banks 119,704 12;743 " 5,192 101.769 101,058 17,878 276 3/ 17,711 res.city "bks.: New York 23,640 4,082 1,145 18,4i4 4,452 19,708 98 3,770 3,775 Chicago 100 5,823 1,129 293 4,4oi 1,452 5,023 978 977 5hm. Reserve city "banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 46,533 2,31b Country banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas r'-m Franc i sci 43,707 3,445 7,083 1,108 2,987 5,669 2,874 3) 324 4,79b 2,401 1,214 3,219 3,694 12,930 2,851 3,219 2,771 4,046 6,933 ~3^~ 6,228 48 463 530 1:3 2,095 -TI5~ 617 127 25 26 % 142 56 1,000 J? US 300 114 110 % 12 767 9C0 38,210 320 117 119 537 309 126 160 106 114 292 1, 001 2,362 2,531 3,93i 2,336 . 2,674 11,776 38,688 2,037 964 2,490 4,904 2,406 2,065 574 2,784 35 109 193 123 7 66 2,602 886 4,025 1,947 955 2,556 2,834 2,477 506 260 634 1,092 10,966 10,362 _J%0 -2I4M1,408 5,829 2,981 kill 2,700 6,254 2,486 3,033 2,552 3,683 6.499 2,065 1,683 2,758 ~W ~W 625 21,165 2,805 2,341 3,423 5,991 1,884 1,563 2,534 2,581 2,616 1,593 1,749 5,566 1,075 285 187 128 52 246 417 262 Jh_lo2_ 192 372 256 306 292 465 7,395 ™3*T 182 439 929 423 81 10 2 21 3M3 7,442 34b 346 17 2 457 525 2,332 1 2 5 _!%!_ 15 29 29 29 22 16 H E 5 2 1 32 34 162 190 44o 948 435 2 3 20 2 2 12 474 472 .5,7.30 405 995 397 457 347 481 979 July 1, i960 Borrowings at . R. 7 88 16 1 30 347 171 453 522 2,327 5.522 979 402 439 w, 31 402 21 44 24 47 31 32 74 ,191,. 13 22 20 5 3 24 261 25 7 12 21 254 238 iii 102 20 2 30 330 359 80 6 44 199 1,089 3,106 434 19 3,473 396 46 , . ,631 86 200 jn-c. y jjy 8 v 11 2.500 1. 342 339 5 Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash items reported as in process of collection) of all member banks amounted to $89,547 million. For numbered footnotes see next page. 2.186 1,814 2,976 3,752 65 59 >UL 1,326 1,028 257 192 % 281 33 5 5 937 DEPOSITS, K38iiaVEG, AND BOPiRCWIITGri OF M & 3 E K BiiNICS -- Continued (Averages of daily figures. In millions of dollars) Federal Reserve District Demand deposits except interbank Time deposits and U. S. Government June 2-157T May 19 - (June 1-15, June 2-15, May 19 - June 1-15, I960 I June1,19601 1 9 5 9 # I960 I June 1,19601 1959 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 27,275 26,7k) 2,791 2,610 1,019 1,073 1,227 2,161 17,581 17,465 16,387 1,129 3,936 1,247 1,422 797 1A35 4,013 543 642 469 736 1,512 1,130 3,923 1,242 1,419 797 1,131 4,002 542 592 467 735 1,098 3,836 1,190 1,390 773 1,105 3,230 559 580 447 716 1,457 1,506 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 # 13.468 13,235 14,034 10,060 10,069 9,712 360 358 1,519 l,0b5 1,165 938 1,053 1,972 1,028 824 1,559 1,459 294 385 1,572 1,122 1,249 973 1,074 2,138 1,100 902 1,646 1,546 326 280 1,893 280 293 1,840 1,260 1,127 762 580 1,510 507 722 515 325 270 1,539 1,087 1,190 963 1,073 1,992 1,046 850 1,577 1,487 303 1,334 1,194 796 6i4 1,553 532 685 559 352 269 1,877 1,329 1,189 797 607 1,554 529 733 558 349 267 U . S . Government deposits included, prior to December 1, 1959* 1/ Includes any banks in outlying sections of reserve cities which have been given permission to carry the same reserves as country "banks; also includes member banks in Hawaii. Footnotes for preceding page (J.l): 1/ Averages of daily closing figures for reserves with F. R . Banks 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 frcta domestic "banks. 3/ Revised weekly figures compared with those given in published weekly statements: June 8 June 15 . June 22BZ June 29E/ 2/ Preliminary. Required reserves Excess reserves Ftee reserves 17,690 17,729 18,042 17,853 462 428 559 469 62 54 9 57 lb PoK/Sl-l'S, RdlcjU-aVAL, Al-jp BOx&OwiNhjo OF jrCS -- uonbiaut-d. (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.) Country banks in Demand deposits except interbank Time deposits places %ith a and U. S. Government population of June 2-15,I May 19 - June 1-15, June 2-15, May 19 - June 1-15, less than 15,COO June 1,1960 1939 19b0 I960 [dune -U950 1959 " 9,711.6 10,060.5 10,069Tl 137^68.5 13,23%% all States 10.050.7 10,059.9 9,703% 13,461.8 13,227.3 New England 293-3 279.5 jg5lT 358:1 _m..8_ Maine * 7773" 79.7 68.0 693" 3.2 77-8 34.4 New Hampshire 33.6 62.9 66.3 34.4 63.6 103.1 Vermont * 94.3 52.4 63.3 52.6 94.3 47.8 Massachusetts 49.7 144.5 139.2 49.8 139-8 Ehode Island 29.1 Connecticut 23.5 41.5 35-6 35-6 23.5 Middle Atlantic 3,397.2 2,848.2 ,523.' 2,976.1 3,546.1 2,893.3 1,291.9 New York 1,300.0 1,146.4 1,105.2 1,119-0 1,315.2 New Jersey 794.3 839-0 722.4 695.4 841.1 713.5 1,3H.0 Pennsylvania 1,384.9 1,108.0 1,047.6 1,060.8 l, 389.8 2,604.8 E. North Central 2, 519.3 2,927.6 3,165.3 2.978.5 2.607.9 74874"™ Ohio 739.1 ~Boi.i 77F.7 768.6 731.6 Indiana 301.3 310.4 464.6 505.6 464.9 307.5 694.6 Illinois 1,118.8 1,218.0 734.9 1,138.5 734.2 480.4 Michigan 481.5 343.2 365.2 346.6 483-8 Wisconsin 303.9 252.6 275.4 299.3 300.8 259.9 W. North Central 1,010.0 976.4 2,110.8 1,953-6 983.1 962.5 Minnesota 3 437T 1 4 5 7 2 " 347.5 319.1 298.6 334.5 Iowa 154.3 155.2 331.2 357.9 331.8 155.8 Missouri 147.9 155.8 343.2 373-9 348.7 156.6 North Dakota 88.0 56.3 96.6 88.6 57.7 57.6 South Dakota 65.0 118.8 63.9 134.9 119.7 63.8 65.1 Nebraska 72.2 334.1 310.9 313.4 71.7 Kansas 144.5 442.4 469.2 446.4 157.7 158.4 South Atlantic l, 053.2 1,095.0 1,560.5 ,505.3 1,099.8 1,542.7 1.0 Delaware * 5.2 5.1 4.0 3.7 3.9 151.2 Maryland 160.5 164.2 161.7 170.8 161.5 420.8 Virginia 409-7 407.1 389.8 4l8.1 397.7 West Virginia 117.0 198.4 127.3 190.3 194.0 127.5 64.8 62.1 North Carolina 124.7 131.2 127.7 65.4 South Carolina 32.1 92.4 32.5 87.5 88.9 32.3 Georgia 114.4 13.4.7 59.6 114.3 60.5 59.9 Florida 225.6 215-9 447.4 433.2 445.4 230.5 E. South Central 380.1 361.7 698.8 684.5 673.5 381.5 2b9.3™ Kentucky 103.8 252.3 99.5 104.2 256.9 Tennessee 141.9 182.4 181.2 150.4 184.6 150.8 Alabama 169.6 178.1 91.3 171.9 95.5 96.0 Mississippi 29.0 30.4 70.4 69.O 71.1 30.5 W. South Central 2,001.8 2,107.2 582.7 534.7 2,044.0 586.6 T4.3 Arkansas 158.2 161.0 157.9 73.9 74.3 81.4 86.6 Louisiana 174.2 177-4 178.1 87.2 120.4 Oklahoma 382.1 360.3 133-2 369.9 133.5 268.6 Texas 289.0 1,309.4 1,389.5 1,335-0 291.6 Mountain 376.2 760.5 355-4 723.6 732.0 378.2 100.1 Montana 180.8 108.4 200.9 186.2 108.7 Idaho 26.0 16.9 26.5 26.1 17-5 17.5 48.8 Wyoming 107.0 110.2 106.6 52.5 52.5 Colorado 106.9 269.4 109.2 263.5 266.1 109.6 41.8 New Mexico 113.4 116.7 46.7 113.5 46.9 4.0 4.8 Arizona 4.0 4.0 4.7 5-3 Utah 28.0 25.8 34.0 26.6 35.1 Nevada 2.2 2.3 3-9 3.5 3.9 Pacific 212.4 262.5 235.6 207.7 243.9 208.3 44.6 Washington 5477 47.2 5875 57.1 47.3 Oregon 20.2 34.0 34.4 33.2 23.7 23.7 California * 118.3 115.1 136.5 127.3 122.2 115.6 Alaska 29.4 20.3 21.7 30.2 33.5 21.7 6.6 Virr.in Islands 7.2 6.9 9.3 7.9 if U . S . Government deposits included, prior to December 1, 1959.