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J.l . BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS, FIRST HALF OF JUNE 1959 July 7, 1%>9 (Averages of daily figures^:/. In millions of dollars) Demand Reserves with F.R.Banks Borrowings Cash Gross demand deposits Net demand at Federal Time balances due deposits 2/ deposits from domestic Reserve U. S. I vault Total Interbank Govt. 1 Other Total Required Excess Banks 119,866 12,677 3,000 104,100 102,268 926 2,077 54,780 6,373 18,331 :3/17,951 380 Class of bank and Federal Reserve District All member banks Central reserve city banks: New York 4,010 18,898 20,190 649 23,557 Chicago 180 1,128 4,636 5,142 5,944 Reserve city banks 6,225 47,364 39,982 1,157 39,799 Boston 2,318 2,065 324 1,939 55 New York 42 1,134 1,055 989 37 Philadelphia 2,444 2,969 451 74 2,515 Cleveland 184 5,052 5,007 5,767 531 Richmond 2,460 2,462 61 2,921 400 Atlanta 3,426 2,675 2,725 693 57 Chicago 5,403 174 4,569 521 4,707 St. Louis 2,426 641 1,726 1,989 58 Minneapolis 886 1,216 298 31 955 Kansas City 2,462 2,650 72 3,305 771 Dallas 922 74 2,754 2,925 3,750 San Francisco 11,821 630 10,949 12,730 279 Country banks 40,584 43,001 1,314 1,103 37,137 Boston 112 3,481 3,236 3,045 133 New York 6,026 6,452 189 6,774 134 Philadelphia 2,860 24 2,495 2,739 97 Cleveland 2,851 3,264 3,143 96 25 Richmond 2,310 2,748 123 2,550 75 Atlanta 4,014 3,684 3,402 250 79 Chicago 6,026 6,322 5,469 136 159 St. Louis 2,124 2,230 49 1,932 57 Minneapolis 1,621 68 1,736 1,852 47 Kansas City 2,803 118 70 2,558 2,991 Dallas 62 3,644 203 3,208 3,910 San Francisco 66 44 2,447 2,219 2,557 NOTE: Demand deposits adjusted (demand deposits other than interbank and United collection) of all memtsr backs amounted to $92,874 million. For numbered footnotes see next page. 5,169 1,441 80 101 22,072 2,051 20 220 658 36 103 546 2,672 175 119 767 888 256 233 3,073 123 501 266 45 261 628 392 1,135 288 10,718 4,l4l 26,099 185 1,391 5,676 365 261 2,451 311 2,517 1,540 302 46l 1,684 4,740 651 1,066 253 1,302 176 371 963 608 l,04l 1,727 197 States Government, 3,886 3,893 -7 994 998 -3 7,688 7,670 17 -1 351 352 196 196 442 439 -3 2 962 960 4 449 445 494 499 5 4 911 907 356 353 3 -2 169 171 4 469 473 545 539 5 2,342 2,339 -3 5,390 5,763 373 418 405 13 45 991 947 26 423 397 480 41 439 28 331 359 490 458 32 901 63 839 266 21 287 21 243 265 361 32 330 446 41 405 12 342 330 less cash items reported as in 126 5 28 70 666 583 16 11 2 25 52 35 112 112 5655 44 4l 101 65 26 6 22 9 101 33 20 35 174 98 268 1.257 105 53 206 54 20 107 126 11 98 30114 21 18 189 59 7 42 9 58 27 87 9 65 9 process of J.la DEPOSITS, RdSERVZS, ADID BORROWINGS OF MEMBER BAMS — Continued (Averages of daily figures. In millions of dollars) Time deposits Demand deposits except interbank 1st half 1st half 2nd half 1st half 2nd half I 1st half June 1959 Ifey 1959 IJune 1958 June 1959 May 1959 June 1958 Federal Reserve District Country banks in places with population of 15,000 and over 1/ 27,653 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Minneapolis Kansas City Dallas San Francisco 2,962 5,068 1,715 1,990 1,652 2,689 4,047 1,073 882 1,227 2,161 2,187 27,725 3,007 5,089 1,752 2,007 1,649 2,683 4,029 1,067 866 1,222 2,168 2,186 26,345 16,387 16,396 15,062 2,850 4,938 i,6co 1,933 1,638 2,509 3,936 1,025 843 1,166 2,080 1,827 1,098 3,836 1,190 1,390 778 1,105 3,230 559 580 447 716 1,457 1,093 3,827 1,185 1,390 777 1,045 3,502 1,083 1,294 749 1,027 3,036 535 532 402 655 1,201 1,102 3,217 544 652 445 711 1,452 Country banks in places with population of less than 15,000 Total 14,034 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 385 1,572 1,122 1,249 973 1,074 2,138 1,100 902 1,646 1,546 326 13,940 389 1,583 1,108 1,234 960 1,070 2,131 1,093 878 1,641 1,533 321 13,442 9,712 9,695 8,997 375 1,508 1,099 1,222 953 981 2,084 1,056 859 1,539 1,470 297 293 1,840 1,260 1,127 762 580 1,510 507 722 515 325 270 293 1,831 1,258 1,129 763 577 1,503 514 719 512 322 273 251 1,736 1,199 1,070 712 5% 478 665 454 265 250 l/ 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 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. Revised weekly figures compared with those, given in published weekly statements: June 3 June 10 . June 17 June 24 £/ j>/ Preliminary Required reserves Excess reserves Free reserves 18,021 17,886 303 428 472 512 -546 -551 -504 -364 18,065 18,115 J-lb DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS -- Continued (Averages of daily figures; in millions of dollars. Comparability of figures is affected somewhat by changes in Federal Renerve membership, absorptions, etc., particularly in States or other areas designated by en asterisk.) Time deposits Demand deposits except interbank 2nd half 1st half let half 1st half 2nd half 1st half June 1959 May 1959 iJune 1958 June 1959 May 1959 IJune 1958 Country baiiks in places with a population of less than 15,000 Total 9,711.6 Q, 6 9 p 8,997-1 13;939.9 13^442.5 ^0314 Total, all States IgTosTTF 13,933.2 9,703.6 9,686.9 6,989.9 13,437% New Englar.d ^5o.9 293.4 38B".T jEtt 331.5 Maine 69.8 73-9 70.9 67-9 79-5 79.7 New Hampshire 66,3 30.5 60.9 65.1 33-5 33.6 Vermont* 102.7 71.9 62.3 63.3 58.6 103.1 Massachusetts* 144.5 45.5 48.7 152.1 47.8 143.5 Rhode Island* 1.7 •7 Connecticut* 29.O 41.5 41.5 334 46.9 29.1 Middle Atlantic 3,201.3 3,382.2 2,965.6 2,870.1 2,976.8 3,397.2 New York 1,205.1 l,2U5.b i,i5o7T 1,078.9 1,14674 1,291.9 New Jersey* 789.6 702,' 722.4 711.7 739.5 794.3 Pennsylvania 1,088. 1,108.0 1,256.7 1,093.4 1,307.0 1,311.0 E» Ncrth Central 2,360 8 3,143.2 3,165.3 3,081.3 ,51 & 1 . 2,517-3 Uh?7c 7^271" 801.1 is:-;. 79l7T" 778.2 739-1 Indiana 330.8 285.8 504.5 487.7 505.6 301.3 Illinois 643.2 1,204.5 1,218.0 1.196.4 694.3 694.6 Michigan khl.6 477.2 365.8 346.1 480.4 365.2 Wisconsin 285.6 276.8 302.9 272.9 275.4 303.9 W; North Central 2,110.8 2.008.5 2,094,5 978.2 976.4 Minnesota 344.2 3%2.b 330.6 329.3 343.3 Iowa 141.4 153.9 357-8 154.3 352.5 357.9 Missouri 152.8 145.5 362.6 372.1 147-9 373.9 North Dakota 56.0 96.b 49.0 89.9 56.3 95.9 South Dakota 64.6 132.6 119.I 56,5 134.9 65 .o Nebraska 64,5 334.1 336.1 320.1 65.1 57.3 Kansas 469.2 143.8 129.1 470.7 144.5 433.7 South Atlantic 1,548.4 1,055-8 _983-6 1,^89.2 1,560.5 1,053.2 Delaware* 15.5 5.1 13:5" 5.2 7 ^ Maryland* 182.2 164.2 154.0 164.3 154.2 151.2 Virginia 408.8 402.3 407.1 382.2 373.1 409.7 West Virginia 116.8 201.8 196,0 198.4 107.2 117.0 North Carolina 61,8 131.2 126.9 123.1 62,1 58.3 South Carolina 92.4 86.0 32.4 29.9 32.5 90.3 Georgia 114.7 110.5 114.5 50.5 59.6 59.5 Florida 447.4 447.2 214.7 197.1 387.9 215.9 S L South Central 664.2 6# .8 326,4 360,0 693.0 361.7 Kentucky 91.2 26779 26973 257.7 99.3 Tennessee 141.4 180.8 182.4 132.1 141.9 175.0 Alabama 178.1 60.3 175.8 167.7 90.5 91.3 Mississippi 28.8 22^8 69.0 68.5 63.8 29.O W, South Central 443.8 2,107.2 2,089.2 531.0 1,987.3 i3W Arkansas 64 ol -"55% 158.2 158.5 159:7 -%C3 Louisiana 80.9 176.3 163.9 72.3 81.4 177-4 Oklahoma 101.7 119.7 382.1 120.4 347.7 376,7 Texas 218.4 266.3 1,326.0 268.6 1,377.7 1,389.5 Mountain 316-0 718.0 750.4 760.5 353.2 3 55-. 4. Montana 90.1 200.9 99.1 195.0 100.1 195.5 Idaho 16.8 26 = 5 25,4 15-9 25.5 16.9 Wyoming 41.9 48.7 109.1 110.2 105.7 48.8 Colorado 106,5 268.0 96-4 251.2 269.4 106.9 41=5 New Mexico 106.4 116.4 34.5 116,7 41.8 Arizona 4.0 4.2 4.0 5,4 3.9 5.3 Utah 28.0 30.7 27.1 27.2 34.1 33-7 Nevada 2.6 2.8 3.0 2.9 3.5 ,3-3 Pacific 260.0 196.5 215.8 262.5 212.4 237.3 Washington* 58.2 44.9 ^575 44.6 1575 59-7 Oregon* 20.3 19.6 40.3 34.0 20.2 32.5 California* 126.8 131.0 136.1 136.5 134.3 127.3 Alaska* 20.3 3.0 33.2 20.3 3-5 33.5 Virgin Islands 6.6 4.8 6.7 7.9 7.3 7.9
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