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/3 a-, - /V A 117x7 j.d^ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DEPOSITS, RESERVES, AND BORROWINGS OF MEMBER B/JKS, FOR THE BIVZEEKLY PERIOD ENDED FEBRUARY 22, 1961 (Averages of daily figuresj^. In millions of dollars) March 10, 1961 Demand Reserves BorrowPuI 0 0B 0 n f YifVn flrnco U i U b o UculoLLU U ^ p U b i U oc Dan ,V;ik rn re6f l Net demand Time balances With Currency ings at InterU. S. deposits 2/ deposits due frcm F. R. and coin Required Excess F. R. F, R.-DiBtri it Total Other banks Govt. dcm.bks. Banks total Banks All member banks 122,450 13,907 4,208 3/683 104,336 60,^13 6,947 2.440 3/l8,261 102,707 16,505 151 Cent. res.city bks;: New York 24,180 lo4 863 5,646 186 4,367 18,950 3,411 19,938 25 3,572 9 Chicago 6,029 4,6c8 225 1,197 946 5,196 1,771 30 54 923 95 7 Reserve city banks 1,669 2,028 88 47,734 7,062 748 60 6,853 39,212 39,661 23,576 7,723 20 Boston 2,343 2,074 269 33b 1,932 19 35b 343 7 3 4o New York 1,079 28 47 161 187 1 650 34 993 939 484 3,048 111 1C6 Philadelphia 2 405 2,453 2,513 49 452 757 5 211 Cleveland 4,801 6 5,526 181 4,778 836 109 14 2,945 537 939 464 128 Richmond 3,271 4 165 2,679 431 72 2 499 936 2,739 Atlanta 2,646 3,512 464 11 768 98 504 250 51 2,755 995 5 Chicago 784 4,731 278 185 696 14 3,868 2,667 585 3,944 93 5 St. Louis 748 4 1,748 2,579 83 2,117 588 127 29 379 353 7 Minneapolis 1,272 348 1,014 182 2 47 877 293 175 9 37 880 Kansas City 100 10 3,500 2,519 740 475 259 499 2,799 33 9 Dallas 10 3,790 78 2,714 2,941 1,366 1 384 524 999 554 39 13,082 420 San Francisco 216 26 2,388 12,005 657 11,025 2,198 1 11,370 279 _J.l • n"•> P Country banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 44,506 1,489 1,451 4l,566 5.108 4,719 1,475 37,911 29,419 3,563 203 125 135 3,292 1,491 135 3,085 343 7,086 245 132 6,228 412 243 6,709 874 6,103 28 124 124 2,895 346 2,512 2,746 2,743 277 140 3,149 27 129 2,|50 3C8 2,743 2,993 377 88 2,613 114 2,4i0 107 272 1,576 2,193 303 4,170 101 421 142 296 1,890 3,465 547 3,774 7,026 881 243 6,008 154 6,629 764 234 5,935 60 2,254 69 258 67 2,125 1,920 l, 150 293 1,864 46 208 24l 78 63 1,723 1,391 1,599 3,184 111 68 138 2,662 456 360 1,143 2,935 I 4,030 271 71 3,688 740 427 98 1,306 3,192 48 80 81 I 2,672 2,543 309 2,303 209 1,939 I NOTE: Demand deposits adjusted (demand deposits other than interbank and United States Government, less cash process of collection) of all member banks amounted to $91,539million. For numbered footnotes see next page. 6,020 445 563 23 28 2 3 6 2 3 1 6 2 1 2 64 31 50 37 53 1,018 98 288 37 261 26 51 377 448 77 17 373 -items reported as in 1,053 439 467 342 510 J.la DEPOSITS, RESERVES, M P BORROWINGS OF MEMBER BANKS -- Continued (Averages of daily figures. In millions of dollars) Federal Reserve District Demand deposits except interbank Time deposits and U. S. Government Feb. 9-22, Jan. 26- Feb. 11-24, Feb. 9-22, Jan.26- Feb. 11-24, I960 Feb.8^.961 1961 Feb.8,196l I960 1961 Country banks in places with population of 15,000 and over 1/2/ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco w 29,468 29,561 29,C89 20,094 19,969 18,132 2,952 5,583 1,689 1,911 1,553 3,001 3,022 5,526 1,698 1,936 1,561 2,978 4,912 1,119 900 1,314 2,269 2,327 2,866 5,495 1,639 1,961 1,653 3,054 4,674 1, C84 874 1,274 2,257 2,257 1,210 4,654 1,363 1,561 818 1,429 4,514 1,203 4,626 1,355 1,557 817 1,4o4 4,499 621 1,112 4,279 1,196 1,457 4,861 1,110 897 1,312 2,279 2,319 623 655 561 976 1,731 652 557 961 1,717 805 1,281 4,000 573 6l4 487 776 l, 552 Country banks in places with pojmlation of less than 15,000 2/ Total 12,098 12,221 12,121 9,325 9,305 8,779 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 340 1,127 1,054 1,082 857 773 1,768 1,015 826 1,622 1,409 224 349 1, l4l 1,059 336 1,148 1,087 1,099 891 756 1,770 1,041 817 1,541 1,412 223 281 1,449 1,383 1,189 758 461 1,420 528 735 582 331 208 280 1,447 1,378 1,184 754 473 1,417 525 733 579 326 208 275 1,404 1,315 1,114 744 423 1,326 48? 70 8 509 1,091 867 786 1,775 1,019 824 1,650 1,430 229 281 194 permission to carry the same reserves as country "banks; also includes member banks in Hawaii. 2/ Classification by population is based on the i960 census; comparative figures for i960, previously reported cn the basis of the 1950 census, have been revised. 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 cn 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 frcm domestic banks. 6 3/ Revised weekly figures compared with those given in published weekly statements: Feb. Feb. Mar. Mar. 15 22 12/ 8E/ Digitized p/ forPreliminary. FRASER Required reserves Excess reserves 18,201 18,319 18,336 18,223 642 723 677 515 Free reserves 449 616 627 421 //3ZL J .lb DEPOSITS, RESERVES, M P BORROWINGS OF MEMBER BANKS -- Continued (Averages of daily figures; in millions of dollars. Comparability of figures is affected somewhat by changes in Federal Reserve membership, absorptions, etc., -particularly in States or other areas designated by an asterisk.) Country banks in Demand deposits except interbank Time deposits and U. S. Government places with a popFeb. 9-22, Jan.* 26- Feb.11-24, Feb. 9-22, Jan. 26- Feb.11-24, ulation of legs Feb.8,1961 I960 1961 1961 Feb. 8,1961 I960 than 15,000 I T 9,305.0 0,770.6 Total 12,097.0 12,220.7 12,120.6 9,325.5 0,769.3 9,292.7 Total, all States 12,090.6 127213.8 12,112.9 9 , 3 1 3 . 1 274.6 §8oT 279.9 New England 340.2 358.9 ZSEl 71.4 71.4 Maine * 50.6 51.1 57.1 IfT 34.0 38.0 52.6 37.7 New Hampshire 56.5 55.5 94.0 48.6 , 97.4 97.6 Vermont 52.6 54.9 47.9 50.4 50.6 142.9 Massachusetts 147.1 151.3 Rhode Island 23.2 23.0 23.1 34.4 ,35.1 Connecticut * 35.1 3,035-2 3.157.2 2, I#;9 2,499.8 3,165.7 2,458.5 Middle Atlantic 889.5 914.6 921.0 744 ;7 755-0 757.9 New York 768.6 818.9 815.9 684.5 673.6 678.8 New Jersey 1,428.8 1,377.1 1,423-7 1,068.3 1,011.4 1,019.0 Pennsylvania 2,304.7 2.457.3 2,669.4 2,677.0 2,677.7 2,464.6 E. North Central Ohio 707.3 668.4 749.9 669.5 753.5 667-9 301.2 328.0 Indiana 466.0 329.1 463.6 468.9 611.6 Illinois 563.6 612.9 968.3 963.2 976.3 449.6 Michigan 480.2 478.8 332.1 334.5 335.7 283.0 289.0 Wisconsin 288.9 240.5 235.5 233.7 W. North Central 990.7 1,943.2 939.3 994.5 1,993.9 1,975.3 Minnesota 329.5 330.3 296.7 290.9 339-0 305.1 142.7 Iowa 144.9 145.6 317.7 315.9 317.5 148.7 Missouri * 160.7 159.6 372.0 352.5 345.5 North Dakota 51.4 50.3 80.8 81.6 51.4 79-8 64.6 68.4 South Dakota 68.7 128.1 126.1 124.5 66.1 Nebraska 74.4 309.6 318.8 73.5 325.2 Kansas 154.6 137-4 448.7 154.7 482.5 492.9 South Atlantic 939-4 973.2 1,270.1 1,257.6 1,279.5 973.9 Delaware 4.4 4.4 3.9 3.0 3.8 3.0 Maryland * 144.1 118.0 118.7 136.1 93-6 93-4 Virginia 4l6.l 418.0 380.4 399.3 391.0 397.1 122.0 West Virginia 134.2 182.8 134.8 183.0 181.5 North Carolina 54.4 47.5 101.0 103.0 101.5 54.5 South Carolina 38.8 102.8 37.7 103.1 39.1 102.5 Georgia 63.O 55.4 62.9 90.2 91.2 89.5 Florida 144.3 129.5 141.5 281.7 294.9 295.5 E. South Central 317.4 351.2 616.7 6l6.6 631.4 343.1 Kentucky 09.1 96.2 96.0 252.1 254.5 247-5 Tennessee 140.6 131.8 l4l.O 160.0 162.4 161.1 Alabama 82.6 75.8 160.8 147.0 91.7 151.4 Mississippi 20.7 22.7 22.7 56.1 56.6 55.2 480.6 W. South Central 550.2 1,962.2 1,930.2 1,936.6 556.3 60.4 Arkansas 78.8 158.1 160.9 159.6 79-3 Louisiana 47.0 51.0 108.0 106.7 50.9 107.7 Oklahoma 134.1 150.4 151.6 400.2 382.2 396.8 Texas 231.1 270.0 1,281.9 274.5 1,293.4 1,273.5 Mountain 343.6 387.1 668.5 388.1 708.5 700.3 Montana 106.7 116.4 116.0 196.3 192.6 195.9 Idaho 17.4 17-6 17.7 28.9 29.1 27.9 Wyoming 52.4 110.4 108.3 57.4 112.5 57.7 Colorado 92.0 112.0 111.9 218.1 242.4 243.5 New Mexico 33.0 83.4 39-4 39-4 90.2 91.2 Arizona 4.3 4.3 4.7 3.9 5.8 5.8 Utah 34.4 36.4 28.1 27.4 36.3 27.6 Nevada 3-8 2.4 2.4 2.4 3.8 3.8 Pacific 146.2 161.0 134.5 145-9 163.3 159.7 Washington 45.2 45.2 43.7 50.6 51.6 51.4 Oregon * 20.1 19.1 19.0 29.6 24.7 25.1 California 50.1 54.1 52.2 52.2 53-9 52.7 Alaska 20.6 28.6 27.9 27.7 31.4 33.9 Virgin Islands 12.6 12.5 9.2 7.0 6.9 7.7