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/
ft£MARCH DEPARTMENT
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

C l a s s of bank
and
F . R. d i s t r i c t
A l l member b a n k s
Central reserve c i t y banks:
New York
Chicago
Reserve c i t y banks
Boston
New Y o r k
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
Country banks
Boston
New Y o r k
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 .
NOTE*

JUN
8 I348
DEPOSITS. RESERVES. AND BORRCitgNGS OF MEMBER BANKS, FIRST HALF OF Vik] Mt&RAL RESERVE BMNKJx ne 4 , 1 9 ^ 8
(Averages
d a i l y f i g u r e s l / . In m i l l i o n s of d o l l a r s _ O F R J C H ^ ^
Net
Demand
demand
G r o s s demand d e p o s i t s
lime
b a l a n c e s due
at Federal
R e s e r v e s w i t h F«R. Banks
deposits
Reserve
deposits
Interfrom domestic
Other
bank
T
o
t
a
l
R
e
q
u
i
r
e
d
Banks
i /

1/

7,9#

10,1:31

21,580 Z
b.99632,528
1,8535572,2373,945

2,0612,0003,876-'
1,928/
967

2,669

2,38k
8,05?

28,828
2,267-4
4,046'^
2,053-^

2,393-^

2,050./
2,^01./
3,926""
1,656/

1,374—

3,878"
1,043—
4,692
28"
342^
439—
297^
406-"
424538^
239^"
736492-496

818

8 00-^^
8 5 ^
14—

2)—

77,501

"77,391

17,7013,953'
27,836

4,508
28,172

1,59%
529/
1,895^
3,50<Xl
1,764/
1,593"
3,452"
1,%KX727 ^
1,933^

1,%90

7,557

7,108

1,892 '

28,010
2,187^1
3,961^
2,039"

2,370^

1 0 7 1 , 9 4 3 ^
159-^
2,242--"
62—
3,864^
45—
1,611-^

52—

20,000

1,322-"

488

1,976
3,495
1,798

1,686
3,325
1,641
805

2,191

1,970

24,711
1,977
3,548
1,787

2,079
1,718
2,027
3,362
1,427

1,190

28,6o4
1,534'
9 # '
n,323
194/
300'
280/
1,410"T
433
409/
1,99233518036^
3635,065/
14,82.3

1,101'

3,369"
1,667"
1,737"
868 7092,545-

613-

7452,168-K
58—
2,130/
1 , 8 37
309
2,61941 0 6 — 2,5122,12,7 1
2 1 11-- / J
1,856
26
1,830^1 1,613
951
Demand d e p o s i t s a d j u s t e d (demand d e p o s i t s o t h e r t h a n i n t e r b a n k and U n i t e d S t a t e s
o f c o l l e c t i o n ) o f a l l member b a n k s e s t i m a t e d a t 6 9 , 9 0 0 m i l l i o n s .
For numbered f o o t n o t e s s e e n e x t p a g e .




5,179

17,000

16,200

799

40
141

516

24

057

4,492
1,047

1,712

536

6,314

358

350
116
412
783
386
362
785
348
172
460
4l6
1,725
4,348

25
73

160
96
132
279

88
62

246
249

271

3,286
I55~
305

207

255
254
310
481

199
153

418
811
400
393
814

363
176
481
461
1,743

4,890

372
778
392
454
333
365
705
263

236

343

699

350
395
293

326
623
237

211

10
223

38

9
2

~3~

7
27
14
32
29
15
4

3
7
3
1
7
2

45
17
543
30
80
42
59
4o
39
81
26
25
41
48

1
4
36

21

276
316
313
361
31
2
83
314
192
G o v e r n m e n t ,, l e s s c a s h i t e m s r e p o r t e d
3 3:
431

27
1
1

6

11
4

2
4

1
1
2
1
1
1

V
I
. JUa
DEPOSITS, RESERVESj AND BORROWINGS OF HE1.IBER BANKS- ( C o n t ' d )
( A v e r a g e s of d a i l y f i g u r e s . In thousands of d o l l a r s )

Federal
Reserve
district

Demand d e p o s i t s e x c e p t i n t e r b a n k
1st half
1 2nd h a l f
list half
May lqlj.8
Apr. 1948
May 1947

1st half
May I9U8

Time d e p o s i t s
12nd h a l f
1st half
Apr. I9k8
May I9U7

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 1 5 , 0 0 0 and over l /
Total

16.151.983 r16,067,036 15,097,k93 [8,777,*46

8,808,304

8,kll,315

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago 2 /
S t . Louis
Minneapolis
Kansas C i t y
Dallas
2/
San F r a n c i s c o -

1,853,361
2,91*5,112
1,134,344
1,328,572
1,086,564
1,562,878
2,185,895
6L5,U3
^70,201
519,358
997,930
l,292,3lh

870,282

872,kOk
2,21k,265
767,198
917,658
397,959
k92,20k
1,587.695
337,73k
296,853
103,732
146,297
67k,305

882,325
2,162,51k
740,269
911,065
395,535
489,691
1,360,175
329,109
291,588
10k,500

1,853,907
2,935,182
1,122,465

1,802,513
2,771,801
1,082,183

1,071,933
1,562,831
2,135,511

1.050.890
1,539,881
1,871,981

560,940
544,822
999,936

885,960

r 1,320,115

636,297

1,320,096

1.292.889

616,844
539,352
503,066

1,133,800

2,21k,178
767,612
91k,273
397,39k
191,382
1,587,537
337,959

296,295

10k,312
11:5,262
650,310

136,ko6

608,338

Country banks i n p l a c e s w i t h p o p u l a t i o n o f l e s s t h a n 1 5 , 0 0 0
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis 2 /
Ilinneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

6,0k7,52k

6,050,8k8

5,952,865

327,221

324,253

231,057

997,276

980,451
883,148

230,137
l,lk0,020

r 1,036,417
851,138

1,038,522
852,820
670,160

1,154,215
899.527

231,452
1,154,048
898,975

1,667,336
963,845
747,630
1,576,092
1.524.572
539 , 512

1,653,907
970,388
734,073
1,565,338

470,498
217,12k
957,950
274,669
449,016
204,379
65,438
301,115

11,658,132 r 11,808,061 11,637,368
333,160
1,015,885
90k,360

l,0kl,460

856,556
679,154

1,678,022
965,336
751,523
1,580,829
1,514,371
537,460

896,394

680,628

l,ko5,2ko
559,068

822.528

819,271
471,529

217,979
958,920
275,540
450,483
204,576
65,770
302,305

685,791
819,260
465,923

212,062

933,101
275,499
434,523
199,156

60,691
296,702

r Revised
1 / I n c l u d e s a n y 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 b e e n g i v e n
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 banks,
2 / Data f o r t h e s e d i s t r i c t s are not e n t i r e l y comoarable w i t h y e a r ago f i g u r e s due
t o a change i n the r e s e r v e c l a s s i f i c a t i o n of c i t i e s or i n d i v i d u a l banks.
F o o t n o t e s f o r p r e c e d i n g page ( J . l ) i
1 / 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 openi n g 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 are b a s e d 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 c a s h i t e m s r e p o r t e d as i n p r o c e s s o f c o l l e c t i o n and demand b a l a n c e s due
from d o m e s t i c b a n k s .
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 are shown i n t h e ^ember Bank C a l l Report,




t

Z r«lb

DEPOSITS, RESERVES, AMD BORROv/INGS OF MEMBER B/iNKS-(Cont'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 b y 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 . )

Time d e p o s i t 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
1st half
2nd h a l f
1st half
1st half
2nd h a l f
1st half
May 1948
Apr. 1948 Hay 1947
May 1948
Apr. 1948 May 1947
Country banks i n p l a c e s w i t h p o p u l a t i o n o f l e s s t h a n 1 5 , 0 0 0
Total,all States

1 1 . 8 % . 1% 1 1 , 8 0 8 , 0 6 1 1 1 , 6 3 7 , 5 6 8

New England
Maine
New Hampshire
Vermont*
Massachusetts
Rhode I s l a n d
Connecticut
Middle A t l a n t i c
New York
New J e r s e y
Pennsylvania
S . North C e n t r a l
Ohio
Indiana
Illinois*
Michigan
Vii s c o n s i n
Ttm North C e n t r a l
Minnesota
Iowa
Missouri
North Dakota
S o u t h Dakota
Nebraska
Kansas
South A t l a n t i c
Delaware
Maryland
Virginia
West V i r g i n i a
North C a r o l i n a
South Carolina
Georgia
Florida
E. South C e n t r a l
Kentucky
Tennessee
Alabama
Mississippi *
TT<". South C e n t r a l
Arkansas
Louisiana
Oklahoma
Texas
Mountain
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada*
Pacific
Washington
Oregon*
California

350,548
344,723
3l;l,053
58,93
54T95&
59,599
71,210
68,705
70,144
1*2,268
13,216
1*3,51*2
116,289
114,831
115,1*96
879
737
957
56,182
59,128
59,277
2,195.1*77 2 , 1 6 9 , 3 6 0 2,151,1*03
702,288
686,915
673,082
1*96,695
1*92,086
1*89,01*5
989,276
996,1*91*
990,359
.387.Q35 2 , 3 6 7 . 2 8 6 2 , 3 5 ? , 5 6 5
585,3U*
588,339
577,1*23
1*12,116
1*18,051
1*15,885
891,036 8 8 6 , 2 1 5
873,710
298,282 2 9 1 , 9 3 8
29l*,830
192,227
191,703
191,717
1 , 9 2 8 , 2 6 7 1,934,313,6 1 . Q 2 0 . 5 2 0
250,561
21*6,71*9
21*5,688
321*,283
327,656
329,503
305,752
305,188
303,322
88,31*2
88,31*1*
86,087
156,1*56
157,086
11*8,1*76
333,836
333,1*10
331*, 068
1*69,037
1*67,683
1*73,376
1 , 1 8 7 , 7 7 9 r l . 1 3 3 . 5 l i 2 1.188.1*83
17,1*03
17,210
17,219
11*9,208
11*6,1*21*
11*7,661
312,61*2
310,11*9
322,231*
186,89a r186,796
171,217
136,303
135,023
137,1*31
85,576
85,552
89,01*3
95,583
95,1*60
95,977
204,165
205,691
208,938
6L.Q.7Q0
662.770
6(4,806
286,733
281*, 268
282,511
131,1*11*
180,995
180,295
146,465
11*6,351
139,971
50,613
1*7,013
50,737
2 . 0 1 6 . % S 2 . 0 2 8 . 6 6 7 1 . Q 0 2 . 51*2
158,500
157,899
158,956
82,225
82,030
78,628
387,212
396,685
397,307
1 , 3 7 9 , 5 8 6 1 , 3 9 0 , 8 3 0 1,277,71*6
720,152
m " j&2_
723,500
162,321 1 6 3 , 6 5 8
160,287
76,022
77,111
77,918
88,178
80,1*21
86,1*73
236,1*10 231*,1*38
232,615
102,51*8
101,516
97,621
1*,071
3,909
3,952
1*5,830
1*1*,801
1*1*, 322
8,128
8,21*6
17,506
1*03.1*17
4Q5,4k5
1*15.370
87,967
8,260
89,811
85,585
86,91*0
85,230
229.865
21*0.170
230,1*01*




6.01*7,521* 6,050,81*8
21*2 385

66,1*29

21*2,786

66,658

28,1*95

28,520

55,950
51*,1*03

56,029
5^,31*6
1,555
35,678
2,308,912
758,338

1,558
35,550
2.309.337
758,1*85
525,162
521*,903
1,025,91*9 1,025,1*12
1
,
6
53.260
1.65k.809
503,285
500,31*8
176,861
177,21*9
379,911
380,090
361*, 677
365,1*23
230,075
230,150
532,239
531*. 188

216,220 ' 216,866

94,1*59
#,756
29,258
35,273
1*3,363
1*1*,910
581*,050
11,715
123,137
205,1*72
82,273
50,276
18,695
29,957
62,525
156.81*2
4 6 , 0 69

62,681

36,918
11,174
142.551
29,358

94,463

69,681

29,1*29
35,359
1*3,1*37
1*1*,953
585,3Ui

11,718

123,576
205,587
82,523
50,491
18,730
29,991
62,728
156.398
45,417
62,773

37,006
11,202

40,874
16,845

l M ' 157
29,151
28,540
33,747
51,719
18.3,172
41,153
16,942

49,331
12,361
1,172
34,793
5,674
242.631
41,205
27,657
173,769

49,514
12,415
1,167
34,868
5,697
2)i.3.6.31
41,547
27,727
174,357

28,112

33,595
51,486

182.680
21,630

21,416

5,952,865
21*0,975
66,77a

28,716

5l*, 551*
55,162
1,538
31*,231

2,288,211*

71*6,395
523,220
1,018,599
1.620,1*87
1*94,438
168,81*4
363,099
367,427
226,679
513,947
209,307
92,075

66,768

26,698
33,646
' 42,142
43,311
57fi,3li3
11,883
123,835
201,492
80,706
51,856
17,427

29,106

62,038
153,7.31
46,103
62,364
35,325
9,939
1.38,077
30,659
27,468
32,575
47,375
182,992
40,235
17,045
20,474
49,580

12,100

909
33,488
9,161
2,36.099..
41,331
27,190

167,576