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J.l Class of bank and .Federal Reserve District June 21, 1954 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS, SECOND HALF OF MAY, 1954 (Averages of daily figures l/. In millions of dollars) Demand IReserves vith F. R. Banks Borrowings Gross demand deposits Net balances due | Time at Federal demand from domestic Total Required deposits Total Interbank Other Reserve deposits 2/ banks Banks 6,204 19.621 18.903 718 All Member Banks 37,812 107A54 12,139 95,315 93,435 Central reserve city banks: 4,806 20,626 New York 23,086 19,164 3,318 4,737 69 3,921 57 Chicago 6,030 4,848 121 1,264 1,181 1,267 1,271 5,399 7 Reserve city banks 14,980 41,463 7,692 5,900 125 7,817 _35Z563_ _ 3 M 5 4 _ _li2Zl_ 284 Boston 380 382 1,871 198 43 2 2,155 1,938 New York 1,006 424 1 890 196 30 195 976 33 110 482 Philadelphia 418 2,412 485 2,777 3 2,359 399 186 1,862 Cleveland 5,162 4,634 985 970 528 4,517 15 44o 10' Richmond 109 2,106 431 2,076 2,439 363 505 164 Atlanta 8 2,607 491 447 455 2,095 511 2,199 i,oc6 1,026 Chicago 4,664 21 5,202 251 4,510 2,477 538 408 St. Louis 110 4o4 4 624 2,002 2,349 387 1,725 Minneapolis 200 188 1,184 1 198 51 863 984 320 Kansas City 24 296 3,344 467 2,438 2,761 905 577 553 Dallas 6o4 560 3,274 15 545 2,679 352 2,523 751 San Francisco 268 2,082 2,103 21 627 6,979 9,965 8,755 9,338 Country banks 5.210 36,876 4,053 18.247 5.727 1,137 31,656 ~5ilBoston 18 412 2,632 1,15b 177 430 109 2,998 2,889 New York 61 5,614 ill 5,011 3,814 334 941 5,503 Philadelphia 2,181 1,866 232 425 2,492 29 19 395 2,473 Cleveland 445 2,870 2,508 1,987 290 498 2,843 27 53 Richmond 2,400 118 2,019 1,121 280 363 z 34 2,281 330" Atlanta 407 2,710 918 389 446 38 209 2,986 3,195 Chicago 8o4 83 4,630 3,377 615 887 87 5,286 5,372 St. Louis 268 28 1,989 50 1,708 759 247 295 1,939 Minneapolis 230 1,588 1,358 887 196 261 31 70 1,518 Kansas City 322 124 67 2,218 564 453 389 2,715 2,590 Dallas 2,821 477 611 451 3,486 56 178 3,308 395 San Francisco 321 2,158 2,124 1,859 1,321 230 340 19 35 NOTE: Demand deposits adjusted (demand deposits other than in*;erbank and United States Government, less cash items reported as in process of collection) of all member banks estimated at 83,350 million dollars. For numbered footnotes see next page. J.la DEPOSITS. RESERVES, AM) BORROWINGS OF MEMBER BANKS — Continued (Averages of daily figures. In millions of dollars) Federal Reserve District Demand deposits except interbank: 2nd half 1st half 2nd half 2nd half May 1954 May 1954 May 1953 May 1954 Time deposits 2nd half let half May 1954 May 1953 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 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 23,222 23,179 22,643 11,281 11,243 10,548 2,577 4,152 1,408 1,684 1,443 2,292 3,339 935 742 1,053 1,861 1,692 2,511 4,078 1,442 1,717 1,459 2,197 3,254 910 723 887 1,843 1,620 12,517 12,577 12,327 6,966 6,947 6,514 329 1,285 1,078 1,151 847 726 1,917 999 770 1,530 1,431 454 330 1,295 1,084 1,147 857 729 1,909 1,002 774 1,544 1,448 458 328 1,217 1,086 1,141 862 686 1,837 991 750 1,541 1,414 474 221 1,279 1,022 915 539 282 1,129 341 501 295 118 324 221 1,276 1,020 912 539 279 1,126 340 500 294 117 324 220 1,188 991 861 500 242 1,044 311 471 266 98 321 939 937 935 2,417 2,530 2,535 844 854 844 1,012 1,070 1,072 581 543 582 568 632 636 2,066 2,238 2,248 4l4 386 417 384 362 386 202 267 269 297 355 359 902 990 998 Country banks in places with population of less than 15,000 2,559 4,218 1,395 1,693 1,434 2,259 3,368 941 748 1,060 1,877 1,670 l/ Includes any banks in outlying sections of reserve cities which have been given permission to carry the same reserves as country banks. 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. J.lb DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER BANKS — Continued (Averages of daily figures; in thousands of dollars. Comparability of figures is affected somewhat by changes in Federal Reserve membership, absorptions, etc., particularly in States designated by an asterisk.) Time deposits Demand deposits except interbank 2nd half j~ 1st half 2nd half | 2nd half 1st half 2nd half May 1954 May 1954 May 1953 I May 1954 May 1954 May 1953 Country banks in places with a population of less than 15,000 Total, all States 12,517,056 12,576,752 12,326,887 6,966,031 6.947,121 6,513,876 237,060 236,653 233,868 New 351,376 351,919 349,367 Maine 61,370 62,375 61,495 54,082 54,179 56,709 26,653 Mew Hampshire 26,875 26,953 51,926 51,975 51,917 60,385 62,628 62,560 Vermont 53,468 53,445 53,315 Massachusetts 46,209 47,570 46,435 129,048 132,536 133,130 1,606 1,610 Rhode Island 1,554 770 873 775 Connecticut 35,331 38,017 58,515 37,955 58,705 57,294 420.206 Middle Atlantic 2,627,131 2,644, 846,771 779,066 848,910 New York 898,401 906,793" 855,002 New Jersey 584,410 554,038 621,472 619,205 582,974 585,590 Pennsylvania* 1,109,525 1,115,786 1,134,531 1,113,253 1,110,338 1,087,102 E. North Central 2,797,965 2,777,565 2,710,010 ,L9H,,765 1.926.855 1.798,756 Ohio 589,242 547,451 686,902 699,886 706,592 590,705 Indiana 221,068 204,418 443,420 460,613 221,077 457,012 Illinois 492,900 459,667 494,747 1,053,250 1,043,542 1,019,544 Michigan 373,216 345,651 340,601 326,957 334,398 374,155 Wisconsin 250,429 241,569 251,081 240,510 239,126 233,187 600.514 648,876 W. North Central 1,946,023 650.887 1,971,698 1.985,784 244,877 232,275 Minnesota 245,694 270,735 270,695 257,292 Iowa 117,298 106,410 354,644 328,077 117,543 352,108 82,540 Missouri 91,911 341,247 342,063 92,442 332,951 North Dakota 34,444 83,800 36,225 83,812 83,131 36,238 South Dakota 34,476 38,233 118,974 121,073 38,474 118,955 49,146 Nebraska 51,876 346,580 52,046 341,366 342,519 68,456 61,223 Kansas 68,450 463,043 466,877 483,563 South Atlantic 680,751 621.186 682,043 1,229,633 1,241,887 1,222,924 Delaware* 12,050 12,695 18,881 12,101 16,491 16,348 121,079 111,464 Maryland 151,021 121,170 151,915 151,203 Virginia 272,839 249,428 330,626 328,806 333,606 273,241 180,488 West Virginia 86,931 83,877 86,880 177,875 177,853 48,632 47,501 124,802 North Carolina 121,372 48,634 118,077 18,024 19,416 90,088 South Carolina* 89,966 19,370 88,795 27,462 31,182 Georgia 96,590 98,655 31,430 97,800 88,622 Florida 70,735 252,901 229,534 89,217 250,751 200,577 177,892 603,013 E. South Central 597,485 202,369 599,818 261,680 Kentucky 58,615 50,549 256,392 58,863 253,025 Tennessee 83,582 149,170 157,272 75,765 156,208 83,831 42,306 48,032 Alabama 144,156 140,059 48,271 143,392 10,348 Mississippi 46,576 9,272 45,193 11,404 47,193 217,819 185,205 W. South Central 1.878,428 1,900,676 1,854,882 219.879 26,656 140,103 141,251 Arkansas 32,335 32,482 137,982 31,682 Louisiana 35,190 109,967 108,488 97,437 35,582 . 56,807 Oklahoma 326,810 48,971 322,511 323,617 56,983 Texas 93,487 77,896 1,308,341 1,323,796 1,293,683 94,632 Mountain 699,144 233,798 214.051 721,556 234,653 712,959 Montana 48,685 186,659 53,421 191,551 193,391 53,5H Idaho 17,128 40,901 15,985 39,364 40,343 17,184 Wyoming 100,446 27,101 24,743 100,205 98,306 27,146 Colorado 66,006 71,821 227,040 72,414 229,455 232,773 New Mexico 86,116 87,277 15,992 17,571 87,253 17,536 Arizona 1,601 6,468 6,478 1,987 6,319 1,995 Utah 46,4oi 44,254 34,941 47,187 37,837 37,927 Nevada 6,098 8,946 6,932 6,940 13,137 13,389 Pacific 260.273 262.198 348.048 374,545 320,301 Washington* 42,288 42,203 74,424 76,478 74,302 43,451 Oregon* 93,460 34,855 66,595 65,079 43,385 33,762 California* 204,607 183,215 175,362 208,667 209,282 183,572