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J.l BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BMIKS, SECOND HALF O F J U ^ In m i l l i o n s of d o l l a r s ) } (Averages of d a i l y f i g u r e s l / . Gross demand d e p o s i t s Class of bank and F.R. d i s t r i c t A l l member banks W C e n t r a l reserve~"city banks; New Yorlc Chicago Reserve c i t y banks r j 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 4 / r / Country banks r / ~ 13 o 8 ton 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 4 / r / — — Total 92 Ml 21,26k 5.3kO 35,171 1,987 898 2,367 4,344 2,126 2,058 4,4l6 2,030 1,051 2,913 2,707 8,274 30,61+2 2,565 U,536 2,339 2,463 2.046 2,482 4,219 1,713 1,420 2,235 2,858 1,766 -• NO IE: v 6 Net demand deposits 10,709 81,708 81,186 Time deposits V 29,742 3,786 1,071 17,478 4,269 30,172 1,716 869 1,990 3,869 1,827 1,657 3,965 1,507 798 2,151 2,118 7,705 29,788 2,475 4,445 2,320 2,41+1 1,953 2,325 4,154 1,667 1,362 2,177 2,730 1,739 xjs 19,591 4,812 30,476 ,810 796 2,070 3,838 1,847 1,753 3,816 1,737 864 2,410 2,201 7,334 26,306 2,252 4,030 2,026 2,136 1,725 2,117 3,621 1,465 1,223 1,87% 2,313 1,526 1,790 1,096 11,802 195 287 242, 1,496 438 44o 2,o45 349 180 369 424 5,336 15,053 1,057 3,410 1,742 1,728 900 694 2,608 643 752 321 244 yoo 953 Interbank 4,998 271 28 s 299 401 451 523 s 589 569 854 90 91 19 22 93 157 65 46 58 58 128 27 -1 JL r/ ;o ,: 1 August 2 9 , 1950 (Revision of s t a t e m e n t i s s u e d J u l y 2 4 , 1950) ':-'3 Demand Reserves w i t h F. R. Banks b a l a n c e s due from domestic Required 5,362 16,241 15,498 40 124 1,763 35 35 79 168 107 116 260 95 63 252 300 254 3,435 170 293 4,471 1,109 6,227 340 161 391 784 368 349 810 4,400 % 241 299 508 220 166 344 503 iyv 190 1,114 6,076 336 158 385 766 354 338 789 S? s 467 443 1,610 4,435 724 394 286 Br 1,587 3,909 - 742 58 71 5 151 4 4 6 18 14 11 21 8 3 14 26 23 525 29 70 48 11 1 22 1 2 8 1 2 3 1 1 3 1 23 654 330 343 252 34 289 565 208 26 184 28 24l 46 290 53 231 19 items r e p o r t e d as i n p r o c e s s A 234 212 287 343 249 l e e s cash Borrowings at Federal Reserve Revised — see f o o t n o t e 4 / # J.la DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS - ( C o n t ' d ) (Averages of d a i l y f i g u r e s . In m i l l i o n s of d o l l a r s ) Demand d e p o s i t s e x c e p t i n t e r b a n k Federal Reserve district 2nd h a l f June 1950 1st half June 1950 2nd h a l f June 1949 Time d e p o s i t s 2nd h a l f 1 s t h a l f 2nd h a l f June 1950 June 1950 June 1949 Country banks 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 1 / Total 1/17,6* 17,595 16,201 r / 8,9-34 8,934 8,811 2,133 3,327 1,360 1,408 1,122 1,623 2,441 693 616 599 1,099 1,244. 2,085 3,302 1,317 1,403 1,128 1,664 2,443 695 620 592 1,100 1,247 1,858 2,992 1,226 1,280 1,088 1,529 2,209 647 595 556 1,010 1,213 829 2,252 834 918 417 467 1,637 351 303 109 165 r / 653 830 2,254 833 919 417 467 1,638 351 304 110 166 646 836 2,210 813 922 410 467 1,600 344 300 106 152 652 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 4 / t/ Total r/12,124 12,205 11,518 r/6,11 & 6,121 6,058 342 1,118 960 1,033 832 702 1,714 974 745 1,578 1,631 349 1,112 9% 1,037 844 716 1,723 983 752 1,589 1,646 501 332 1,030 894 997 815 654 1,613 958 735 1,554 1,450 485 229 1,157 909 810 483 227 971 293 448 212 79 r/ 3 0 0 229 1,156 908 810 483 226 971 293 450 213 81 302 235 1,152 897 8l4 480 219 955 284 451 208 71 293 Country banks i n p l a c e s w i t h p o p u l a t i o n of l e s s than 15 ,000 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 V r/k99 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 of 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 a s c o u n t r y b a n k s . V See below r / Revised — see f o o t n o t e L / 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 a s 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 cash 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 banks. 3/ I n c l u d e s some i n t e r b a n k and U. S. Government time d e p o s i t s ; t h e amounts on c a l l r e p o r t d a t e s a r e shown i n t h e Member Bank C a l l R e p o r t . 4 / Revised on a p a r t l y e s t i m a t e d b a s i s t o r e f l e c t t h e s i t u a t i o n a s i f t h e temporary a q f t i e i t i o n e f 22 member and nonmember bafifcfl by t h e Bank of America N.T. & S.A. had not been accomplished. (Banks a c q u i r e d on June 24 end r e i n s t a t e d a s i n d i v i d u a l banks on August 7 . ) J.lb DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS - ( C o n t ' d ) (Averages of d a i l y f i g u r e s ; i n thousands of d o l l a r s . C o m p a r a b i l i t y 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 d e s i g n a t e d by an a s t e r i s k . ) Demand d e p o s i t s e x c e p t i n t e r b a n k 2nd h a l f 1st half 2nd h a l f June 1950 June 1950 June 1949 Time d e p o s i t s 2nd h a l f June 1950 1st half June 1950 2nd h a l f June 1949 Country banks i n p l a c e s w i t h p o p u l a t i o n - of l e s s t h a n 15 ,000 T o t a l , a l l States|rl2,123,504- 12,204,7% 1 1 , 5 1 7 , 6 4 8 j 6 , , 1 2 1 , 4 6 4 6,058,133 New England 361,745 368,470 349,032 241,243 241,507 246,956 Maine 56,325 63,614 65,562 58,265 63,339 57,845 New Hampshire 71,346 26,671 26,718 27,852 67,431 73,636 Vermont 43,954 44,449 54,958 54,954 41,737 55,329 Massachusetts 124,992 51,348 52,416 126,743 51,283 115,845 Rhode I s l a n d 882 881 1,541 1,505 1,527 738 Connecticut 64,246 43,386 64,916 65,016 44,292 43,411 Middle A t l a n t i c 2,330,713 2,317,306 2 , 1 7 7 , 0 9 9 2 , 3 0 3 , 2 2 3 2,301,290 2,290,678 New York 765,940 742,517 741,665 763,580 753,617 712,385 New J e r s e y 548,132 545,608 526,110 545,201 544,794 504,951 Pennsylvania l,oi6,64i 1,008,525 959,763 1,015,098 1 , 0 1 4 , 8 3 1 1 , 0 1 0 , 9 5 1 E. North C e n t r a l 2,453,480 2,463,823 2,321,307 1,674,894 1,676,463 1,658,968 Ohio 607,815 610,481 506,171 572,181 506,539 505,798 Indiana 404,356 183,800 409,629 183,829 178,576 394,866 Illinois 922,718 883,440 396,048 396,055 927,315 387,333 Michigan 327,219 367,141 326,870 367,261 360,265 288,853 Wisconsin 191,372 221,727 222,786 189,528 226,996 181,967 W. North C e n t r a l 1,914,638 544,640 1,928,271 1,890,721 544,890 537,827 Minnesota 260,081 262,060 217,286 217,880 218,282 249,669 Iowa 314,921 91,160 91,124 91,544 317,549 302,333 Missouri 316,314 72,820 319,015 76,227 76,956 307,843 North Dakota 81,143 82,213 30,861 30,651 30,678 86,502 South Dakota 150,966 151,649 37,211 37,076 35,341 149,355 Nebraska 317,499 43,642 321,785 42,966 43,605 317,921 Kansas 473,714 474,000 46,196 477,098 47,942 47,909 South A t l a n t i c 1,208,158 1,228,277 1,146,298 589,048 596,653 595,954 Delaware 16,773 16,863 11,662 11,900 11,885 16,653 Maryland 164,535 119,860 120,121 165,931 147,423 120,052 Virginia 308,994 224,630 224,548 216,265 313,942 301,252 West V i r g i n i a 178,178 179,950 188,323 80,309 80,392 83,794 North C a r o l i n a 118,409 120,708 116,176 49,221 49,248 50,876 South C a r o l i n a 75,311 18,264 18,269 77,187 76,003 18,759 Georgia 90,784 86,111 92,645 28,562 29,632 29,639 Florida 255,174 62,105 261,051 62,584 59,078 214,357 E. South C e n t r a l 617,034 168,722 621,278 168,597 629,284 165,737 Kentucky 268,076 272,483 273,901 47,741 47,856 47,696 Tennessee 167,789 67,602 169,901 67,864 168,548 67,863 Alabama 131,886 41,184 38,226 134,738 131,051 41,137 Mississippi 49,283 50,744 49,196 11,901 12,053 11,933 W. South C e n t r a l 2,146,230 2,161,821 1 , 9 5 0 , 4 9 6 163,001 151,534 163,928 Arkansas 167,061 168,598 32,815 30,750 162,735 32,910 Louisiana 83,287 81,828 84,459 28,138 28,712 28,635 Oklahoma 401,395 402,380 38,640 36,890 387,531 38,591 Texas 1,494,487 1,506,384 1,318,402 63,887 55,756 62,739 Mountain 715,957 184,598 183,108 729,818 183,073 702,399 161,024 Montana 163,866 161,916 42,245 41,450 42,254 Idaho* 62,637 65,080 16,247 16,972 69,199 15,192 Wyoming 94,098 96,284 21,430 21,637 91,520 21,313 Colorado 231,871 49,201 222,221 49,148 234,729 49,299 New Mexico 109,263 111,868 13,610 100,959 13,662 12,352 Arizona 4,328 1,049 4,242 1,236 4,336 1,047 Utah 34,668 45,329 46,157 44,725 35,150 35,386 Nevada 7,498 7,617 5,332 5,557 r/ Pacific 244,112 377,714 359,0181 234,312 Washington 80,877 82,241 41,503 80,730 41,656 * 40,736 Oregon 77,258 77,201 26,053 72,371 25,854 25,731 California * 4/ [ r / 21?,4K 218,272 176,556 205,917 167,845 See f o o t n o t e on page J . l a . Digitized"47 for FRASER r / Revised — see f o o t n o t e l j .