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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